This is a discussion on Pbs: Islam And Financing within the Islamic Finance & Banking forums, part of the Islamic Library category; Just stumbled upon this. Inshallah Islamic based banking will really take off in the future. YouTube - Pbs: Islam And Financing YouTube - Pbs: Islam ...
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| | #1 |
| Full Member Join Date: Apr 2009 Location: Vancouver, B.C. Posts: 319 Gender: ![]() Way of life: Muslim Thanks: 46
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| Just stumbled upon this. Inshallah Islamic based banking will really take off in the future.
__________________ "Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves." |
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| | #2 |
| On the path of Ilm Join Date: Jun 2009 Location: Departure Gate to Afterlife Posts: 23 Gender: ![]() Way of life: Muslim Thanks: 2
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| So far the majority of Islamic finance institutions are interest bearing banks with Islamic signposts, that's all. If it is a bank and opens accounts and gives out loans, it is involved in interest (they call it return or profit). They basically hire AshAAaree advisors who play around with the documents and declare with their tongues that this is now halal and is permissible in Islam. Some had the audacity to say "We lend money based on the Islamic concept of Eina" as if Eina was anything but a forbidden sin, reported by Ibn Abbas to be the brother of Ribba and still forbidden by God and the prophet.
__________________ Iblis eternal damnation in Hellfire is due to his arrogance, not disbelief... ![]() |
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| | #3 |
| Full Member Join Date: Apr 2009 Location: Vancouver, B.C. Posts: 319 Gender: ![]() Way of life: Muslim Thanks: 46
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| Salam bro. Yes I am aware of that, but Inshallah people will get more familiar with the ideea of islamic banking at least.
__________________ "Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves." |
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| | #4 |
| Full Member Join Date: Apr 2009 Location: In earth Posts: 82 Gender: ![]() Way of life: Muslim Thanks: 18
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| May Allah reward you bro. |
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| In the Islamic banking sector, financiers are required to borrowers share of the risk that depositors are treated more like shareholders gaining meaning a share of profits. Financing offers similar lease acquisition, layaway plans, joint purchase and sale agreements, or partnerships.
__________________ islamic finance certification |
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| | #6 | |
| Proud Islamist Join Date: Jun 2007 Location: Islamic-Life.com Posts: 2,168 Gender: ![]() Way of life: Muslim Thanks: 73
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| ^ Quote:
__________________ Fi Amanillah Wa As-Salamu 'Alaykum Wa Rahmatullahi Wa Barakatuhu The Prophet sal-allahu 'alayhi wa salam said: "The Muslim is a unique Ummah among the whole of mankind: Their Land is ONE, their War is ONE, their Peace is ONE, Their Honour is ONE and their Trust is ONE." [Relayed by Imam of Ahlus Sunnah - Ahmad ibn Hanbal - rahimahullah] | |
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| Junior Member Join Date: Dec 2010 Posts: 6 Gender: ![]() Way of life: Agnostic Thanks: 0
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| The mainland Saudi leadership went into financial issues, defense issues, and they controlled the elite establishment in order to purchase support. |
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