I was chatting with a Muslim chap last evening about the homeless crisis and rent increases and such like. Anywaysanall, he shared his personal experience/approach with me which is broadly as follows. He has a good job and pays a small fortune in rent. His religious beliefs dictate that he can't directly pay a mortgage. He now has two Children and is in the process of repeating what we call his Child One scheme for Child Two.
The Child One scheme is simple enough - at least in basic terms. He has indirectly guaranteed a mortgage on a house which he doesn't inhabit and (in the current climate at least) is rented for a sum exceeding the mortgage repayment. He donates the excess to charity which he suggests satifies further obligations imposed through his religious beliefs. The perceived result is that Child One will own the house at the age of 22 and may inhabit the same should he so wish.
Ignoring any "Irish" interpretation he may have applied to religious doctrines or whatever... in fact, ignoring the whole religious bit altogether... could such a scheme be promoted by Govt for parents who want to enter into such arrangements and, if so, what would/should such promotion entail... pooled/shared schemes, tax breaks, rent guarantess, subsidised interest rates, anything else?
Muslims don't believe in usury - which is considered Haram, or forbidden. Which is the backbone of western society.
Muslims cleverly use the system of Hawala banking which has been around since before we left the trees and began to walk upright.
https://www.thebalancemoney.com/what-is-hawala-5197853It has become very popular with certain sectors of the Irish population supplying recreational substances to our young, and income for older generations.
Once the toast of Cork:https://watchers.ie/2022/09/15/the-background-story-of-slimline-johnny-the-johnny-cash-of-cork-and-the-wife-well-all-has-changed-johnny-will-enjoy-his-spanish-omelettes-now/
'One of Europe's biggest money launderers' in court in Spain
Published
15 September 2022
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NCA/garda officers
IMAGE SOURCE,GUARDIA CIVIL
Image caption,
Europol released Guardia Civil photos of the arrest
An Irishman accused of being "one of Europe's biggest money launderers" and a member of the Kinahan crime cartel has been remanded in custody in Spain.
The suspect is understood to be Johnny Morrissey, a 62-year-old Irish passport holder, who was arrested in Malaga on Monday.
He was in court in Spain on Wednesday in relation to money laundering.
But the hearing was held in private as is usual for Spanish pre-trial cases, according to Irish broadcaster RTÉ.
It reported that six international law enforcement agencies were involved in the investigation that led to Mr Morrissey's arrest this week.
Those included Spain's Guardia Civil, the United States Drug Enforcement Administration (US DEA) and An Garda Síochána (the Irish police force).
The Kinahan crime cartel was originally based in the Republic of Ireland, where some members were involved in a high-profile feud with a rival crime gang which has claimed several lives since 2015.
Kinahan cartel suspects operate in several countries and some alleged members have recently been hit with international financial sanctions from law enforcement agencies in the US, the UK and Ireland.
'Laundered €200m'
Europol - the European Union's police agency - released a statement after the arrest operation on Monday.
It did not name any suspect but it hailed the arrest of a man it described as "one of Europe's biggest money launderers".
"Linked to the Kinahan clan, the suspect is believed to have laundered €200m (£173m) in just over one year," said Europol.
Selling vodka
Europol claimed that an 18-month international investigation had led to the discovery that €200m had been laundered through the Hawala underground banking system, which it described as "an informal method of transferring money without any physical money actually moving".
It revealed that some suspects had laundered money by creating a brand of vodka that was being sold in nightclubs and restaurants in Spain's Costa del Sol "to disguise the source of their earnings".
Europol also said that companies had been founded in the UK and Gibraltar to help launder illegal profits.
Two other suspects - a man and a woman - were also in court in Spain on Wednesday.
The man was also remanded in custody while the woman was released on bail.
The UK's National Crime Agency (NCA) said it had searched addresses in Greater Manchester and Glasgow as part of the investigation.
