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| Topic: All you need to know about Islamic Finance | |
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Under Shariah Islamic law, making money from money, such as charging interest, is usury and therefore not permitted. Wealth should be generated only through legitimate trade and investment in assets. But investment in companies involved with alcohol, gambling, tobacco and pornography is strictly off limits.
"At the heart of the great religions, including Islam, are the common themes of helping the less fortunate, being responsible stewards of the natural world, and demonstrating values in our daily work. I am encouraged to think that these ideals can permeate Islamic banking at its best |
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Edited by
Conrad_73
on
Mon 04/29/13 07:15 AM
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Under Shariah Islamic law, making money from money, such as charging interest, is usury and therefore not permitted. Wealth should be generated only through legitimate trade and investment in assets. But investment in companies involved with alcohol, gambling, tobacco and pornography is strictly off limits. "At the heart of the great religions, including Islam, are the common themes of helping the less fortunate, being responsible stewards of the natural world, and demonstrating values in our daily work. I am encouraged to think that these ideals can permeate Islamic banking at its best Whom are you kidding? Might be true if Muslims are involved,but where it concerns the Infidels,all bets are off! Anything goes! |
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Under Shariah Islamic law, making money from money, such as charging interest, is usury and therefore not permitted. Wealth should be generated only through legitimate trade and investment in assets. But investment in companies involved with alcohol, gambling, tobacco and pornography is strictly off limits. "At the heart of the great religions, including Islam, are the common themes of helping the less fortunate, being responsible stewards of the natural world, and demonstrating values in our daily work. I am encouraged to think that these ideals can permeate Islamic banking at its best Whom are you kidding? Might be true if Muslims are involved,but where it concerns the Infidels,all bets are off! Anything goes! Anything goes in the west because our best and brightest are above the law. Too big and too bright to fail. Greed is good, the legacy of Regan and Thatcher. |
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Under Shariah Islamic law, making money from money, such as charging interest, is usury and therefore not permitted. Wealth should be generated only through legitimate trade and investment in assets. But investment in companies involved with alcohol, gambling, tobacco and pornography is strictly off limits. "At the heart of the great religions, including Islam, are the common themes of helping the less fortunate, being responsible stewards of the natural world, and demonstrating values in our daily work. I am encouraged to think that these ideals can permeate Islamic banking at its best Whom are you kidding? Might be true if Muslims are involved,but where it concerns the Infidels,all bets are off! Anything goes! Anything goes in the west because our best and brightest are above the law. Too big and too bright to fail. Greed is good, the legacy of Regan and Thatcher. Lying to the Infidel is approved practice under that same Shariah! Anything to bring down the Unbeliever! But you can always move,if you feel it is such a noble system! But then,a look at the practices in Pakistan,Saudi Arabia,or any of those other conservative Muslim Nations might dissuade you! 
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Under Shariah Islamic law, making money from money, such as charging interest, is usury and therefore not permitted. Wealth should be generated only through legitimate trade and investment in assets. But investment in companies involved with alcohol, gambling, tobacco and pornography is strictly off limits. "At the heart of the great religions, including Islam, are the common themes of helping the less fortunate, being responsible stewards of the natural world, and demonstrating values in our daily work. I am encouraged to think that these ideals can permeate Islamic banking at its best i think your also forgetting that the clerics can change their religious "laws" as they see fit... it was also against their sharia laws for men to have relations with anyone other than muslim women... now they can do what they want away from muslim land, a long as they leave all that over here and return to muslim ways when they get back... |
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Under Shariah Islamic law, making money from money, such as charging interest, is usury and therefore not permitted. Wealth should be generated only through legitimate trade and investment in assets. But investment in companies involved with alcohol, gambling, tobacco and pornography is strictly off limits. "At the heart of the great religions, including Islam, are the common themes of helping the less fortunate, being responsible stewards of the natural world, and demonstrating values in our daily work. I am encouraged to think that these ideals can permeate Islamic banking at its best and this doesn't seem to fall into place here either... http://news.yahoo.com/millions-cia-ghost-money-paid-afghanistan-presidents-office-105518747.html |
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Edited by
Conrad_73
on
Mon 04/29/13 08:05 AM
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Under Shariah Islamic law, making money from money, such as charging interest, is usury and therefore not permitted. Wealth should be generated only through legitimate trade and investment in assets. But investment in companies involved with alcohol, gambling, tobacco and pornography is strictly off limits. "At the heart of the great religions, including Islam, are the common themes of helping the less fortunate, being responsible stewards of the natural world, and demonstrating values in our daily work. I am encouraged to think that these ideals can permeate Islamic banking at its best and this doesn't seem to fall into place here either... http://news.yahoo.com/millions-cia-ghost-money-paid-afghanistan-presidents-office-105518747.html Trouble is,all those nice humanitarian Values are off for the Infidel,which includes any Muslim-Sect not of their persuasion! |
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did anyone of u read about Islam mm idont think so .l.first u have to read then u can talk or write or do what ever you want ..for me i cant talk about any religion except my religion Islam ...so educate your self then come and talk about Islamic shariah low ok, sounds fair... why don't you give us a quick rehash of the religion of "peace and love"? |
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did anyone of u read about Islam mm idont think so .l.first u have to read then u can talk or write or do what ever you want ..for me i cant talk about any religion except my religion Islam ...so educate your self then come and talk about Islamic shariah low |
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Edited by
willing2
on
Mon 04/29/13 10:53 AM
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The NOI is a great example of how Islamist preach hate.
And, as with any other statement from a group that is sworn to lie to outsiders, Islamists are not to be trusted. |
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did anyone of u read about Islam mm idont think so .l.first u have to read then u can talk or write or do what ever you want ..for me i cant talk about any religion except my religion Islam ...so educate your self then come and talk about Islamic shariah low the religion itself is fine, it's the 100 million or so projected terrorists thats not so fine... Sharia law is different between the different sects of islamists, and the elder clerics defines the laws for each... but to say the financing standards are the same for each would be wrong... |
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yep,the Islamic Bankers work for free,they pay the Employees out of pocket!
They keep the Cash on Hand,no investing for profit! Frankly,tell that to the Ferryman!No Interestpayments to the Depositors! Or is that rule only holding good for Infidels! Something doesn't compute in the whole Equation! |
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heheheheh your funny see who is talking no one of you is have religion ..don't judge other unless you have religion Muslim Cristian or Jewish  lol... only religions can set the standards...put yourself on that pedestal, that's how fanatics are born... |
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Sharia Finance Helps To Finance Islamic Terrorism.
http://yahoo.infogin.com/ig8del/lnk000/=http://1.1.1.1:81/yahoo/searchredirect?target=http%3A%2F%2Fsheikyermami.com%2F2009%2F06%2F24%2Fsharia-finance-helps-to-finance-islamic-terrorism%2F%3F_ult%3Dsec%253Dweb%2526slk%253Dweb%2526pos%253D4%2526linkstr%253Dhttp%25253A%25252F%25252Fsheikyermami.com%25252F2009%25252F06%25252F24%25252Fsharia-finance-helps-to-finance-islamic-terrorism%25252F&intl=us&lang=en&sig=Zz.aLs.UAj7eD3heFf9H.lnk3SY_&ts=1367262571¶m=.tsrc%3Dyahoo%26.sep%3Dfp Shariah-compliant banking, sometimes called Islamic banking, is growing in popularity in the Western and Islamic worlds. But critics sayAmerican interest in the system at a time of economic crisis is opening the door to increased Islamic influence in the American banking system. Worse yet, some fear the banks may be helping to finance international terrorism. Allowing Shariah-compliant finance in the U.S. is green-lighting a seditious system that supports jihad, said Frank Gaffney, founder and president of the Center for Security Policy in Washington,D.C. “If you understand what Shariah is, you understand that it is a pretty awful system. Not something that you’dwant insinuated in your society and becoming a major feature of your economic system,” Gaffney said. |
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Edited by
Conrad_73
on
Mon 04/29/13 12:35 PM
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Sharia Finance Helps To Finance Islamic Terrorism. Shariah-compliant banking, sometimes called Islamic banking, is growing in popularity in the Western and Islamic worlds. But critics sayAmerican interest in the system at a time of economic crisis is opening the door to increased Islamic influence in the American banking system. Worse yet, some fear the banks may be helping to finance international terrorism. Allowing Shariah-compliant finance in the U.S. is green-lighting a seditious system that supports jihad, said Frank Gaffney, founder and president of the Center for Security Policy in Washington,D.C. “If you understand what Shariah is, you understand that it is a pretty awful system. Not something that you’dwant insinuated in your society and becoming a major feature of your economic system,” Gaffney said. By Frank J. Gaffney Jr. and David Yerushalmi AIG sponsors, pays for, and aggressively markets sharia-compliant insurance products. The practice of sharia finance has created lucrative advisory positions for often radical imams, who get paid to guarantee the religious “purity” of sharia-compliant products. Such vehicles typically follow the Muslim principle of zakat and donate a slice of their profits to charity. Unfortunately, many of the charities receiving these funds have links to terrorism. Mr. Murray objects to his funds’ being used to legitimate and promote sharia law, when that is the same law that calls for jihad. For that matter, sharia allows Saudis, Iranians, Sudanese, Somalis, Afghans, Taliban members, and other adherents to justify the following: the execution of apostates who decide to abandon the faith; the criminalizing of “Islamophobic blasphemy”; the punishment of petty crimes with amputations, floggings and stonings; and the repression of “non-believers” from practicing their respective religions freely and openly. AIG — read the federal government — now is in the business of selecting which sharia-adherent “authorities” shall be enlisted to determine whether or not a given product is sharia-compliant. In early maneuvering on Murray v. Geitner et al., the government moved to dismiss the case on two grounds. First, its lawyers argued that Mr. Murray did not have standing to bring this lawsuit. Second, they contended that, even if he did have standing, the government acted in buying AIG without any intent to promote or become involved in religious questions. |
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Sharia Finance Helps To Finance Islamic Terrorism. Shariah-compliant banking, sometimes called Islamic banking, is growing in popularity in the Western and Islamic worlds. But critics sayAmerican interest in the system at a time of economic crisis is opening the door to increased Islamic influence in the American banking system. Worse yet, some fear the banks may be helping to finance international terrorism. Allowing Shariah-compliant finance in the U.S. is green-lighting a seditious system that supports jihad, said Frank Gaffney, founder and president of the Center for Security Policy in Washington,D.C. “If you understand what Shariah is, you understand that it is a pretty awful system. Not something that you’dwant insinuated in your society and becoming a major feature of your economic system,” Gaffney said. |
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Sharia Finance Helps To Finance Islamic Terrorism. Shariah-compliant banking, sometimes called Islamic banking, is growing in popularity in the Western and Islamic worlds. But critics sayAmerican interest in the system at a time of economic crisis is opening the door to increased Islamic influence in the American banking system. Worse yet, some fear the banks may be helping to finance international terrorism. Allowing Shariah-compliant finance in the U.S. is green-lighting a seditious system that supports jihad, said Frank Gaffney, founder and president of the Center for Security Policy in Washington,D.C. “If you understand what Shariah is, you understand that it is a pretty awful system. Not something that you’dwant insinuated in your society and becoming a major feature of your economic system,” Gaffney said. |
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The International Monetary Fund and Egyptian officials said on Sunday they were working to reach a deal on a proposed $4.8 billion loan in "coming weeks," citing progress in weekend talks in Washington.
"Work will continue with the objective of reaching agreement on an IMF stand-by arrangement to support the authorities' national economic program in the coming weeks," IMF Managing Director Christine Lagarde and Egyptian finance officials said in a joint statement. The talks, held on the sidelines of twice-yearly meetings of the IMF and World Bank, included Egypt's central bank governor, Hisham Ramez, Finance Minister Al-Mursi al-Sayed Hejazy, and Planning Minister Ashraf El-Araby. The statement said Egypt was "firmly committed to addressing its economic and financial challenges with the objective of restoring sustained and socially balanced growth, and they are already taking encouraging actions in this direction". And how much of that money do you really think is going to help the average Egyptian it is only going to further the brotherhood?! |
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The International Monetary Fund and Egyptian officials said on Sunday they were working to reach a deal on a proposed $4.8 billion loan in "coming weeks," citing progress in weekend talks in Washington. "Work will continue with the objective of reaching agreement on an IMF stand-by arrangement to support the authorities' national economic program in the coming weeks," IMF Managing Director Christine Lagarde and Egyptian finance officials said in a joint statement. The talks, held on the sidelines of twice-yearly meetings of the IMF and World Bank, included Egypt's central bank governor, Hisham Ramez, Finance Minister Al-Mursi al-Sayed Hejazy, and Planning Minister Ashraf El-Araby. The statement said Egypt was "firmly committed to addressing its economic and financial challenges with the objective of restoring sustained and socially balanced growth, and they are already taking encouraging actions in this direction". And how much of that money do you really think is going to help the average Egyptian it is only going to further the brotherhood?!
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I confess I'm more than a little enamoured of the Islamic banking concept. From a secular perspective, I find it to be a more moral and ethical form of commercial banking.
To contrast the financing approaches, I took this out of the following URL: Consider two persons, one of whom has capital but no special skills in business, while the other has managerial skills but possesses no capital. They can co-operate in either of two ways: Debt-financing (the western loan system). The businessman borrows the capital from the capital-owner and invests it in his trade. The capital-owner is to get back his principal and an additional amount on the basis of a fixed rate, called the interest rate, as his compensation for parting with liquidity for a fixed period. The claim of the lender for repayment of the principal plus the payment of the interest becomes viable only after the expiry of this period. This payment is due irrespective of whether the businessman has made a profit using the borrowed money. In the event of a loss, the borrower has to repay the principal amount of the loan, as well as the accrued interest, from his own resources, while the capital-owner loses nothing. Islam views this as an unjust transaction. Mudarabah (the Islamic way, or PLS). The two persons co-operate with each other on the basis of partnership, where the capital-owner provides the capital and the other party puts his management skills into the business. The capital-owner is not involved in the actual day-to-day operation of the business, but is free to stipulate certain conditions that he may deem necessary to ensure the best use of his funds. After the expiry of the period, which may be the termination of the contract or such time that returns are obtained from the business, the capital-owner gets back his principal amount together with a pre-agreed share of the profit. (As I see it, the Islamic banker functions as a venture capitalist in that the banker risks his capital, which is more in the nature of a silent partner in the enterprise than simply a creditor of it.) http://www.islamic-banking.com/islamic_banking_principle.aspx |
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