Tim Pawlenty Comes To An End Program To Make Mortgages Sharia-compliant

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Pawlenty, Governor of Minnesota, has ended a program he once encouraged. The program was intended to increase home ownership among minority groups. The mortgage program was shut down by the Governor after providing three mortgages. The mortgage program offered Shairia compliant loans that didn’t charge interest. Pawlenty cited constitutional religious protections when shutting down this program. Article source – Sharia-compliant mortgage program in Minnesota ends by MoneyBlogNewz.

Minority mortgages in Minnesota

The African Development Center and Minnesota’s state housing agency got together last year to start a new loan program. The program is for those who follow Sharia law and are low- to moderate-income families. Called “Islamic mortgages” or “Sharia mortgages,” these loans helped the borrower avoid paying interest, which is against their religious law. The state would purchase a home, then turn around and quickly re-sell it to the borrower at a higher rate. The payments are the same as a 30-year fixed rate mortgage, but the payments don’t consist of interest to the bank. There was a larger program that this program came from. This larger program wanted to increase home ownership among minority groups.

Sharia loans are ridiculous in accordance with governor Pawlenty

Upon finding out about the details of the Sharia loan program in his state, Gov. Pawlenty ordered it shut down. This decision had several asking questions. Pawlenty’s spokesperson said:

“This program was independently set up by the Minnesota state housing agency and did not make any mention of Sharia Law on its face, but was later described as accommodating it,” he wrote in an email. “As soon as Gov. Pawlenty became aware of the issue, he personally ordered it shut it down. The United States should be governed by the U.S. Constitution, not religious laws.”

A government decision on how tax dollars are spent comes only from the government. That is its right. In this case, the governor has not outlawed all Sharia-compliant financial goods in his state. State supported programs that support it aren’t allowed though.

Sharia law

Disputes can legally be settled with Sharia law for Muslims. This was what a Florida judge ruled in court. This decision has elevated concern for several lawmakers. A lot of people are saying that be recognizing the religious law, the “silent jihad” is being brought into the United States while other states are considering banning the Sharia law. As long as laws don’t violated state and federal laws, the U.S. recognizes the laws of several religions including Christian, Jewish and Sharia laws. As long as religion isn’t being imposed on someone, observing it is not against the Constitution. Pawlenty himself said, “The Constitution was designed to protect people of faith from government, not to protect government from individuals of faith.” In the case of the Sharia-compliant mortgages, it appears that Pawlenty does not want his state taxpayer dollars used to offer home ownership to religiously compliant Islamic residents.

Citations

Swamp Land

swampland.blogs.time.com/2011/03/25/is-there-a-double-standard-in-tim-pawlentys-disavowal-of-sharia-compliant-mortgages/

Minnesota Public Radio

minnesota.publicradio.org/display/web/2009/02/28/islamicfinancing/?refid=0

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