Islamic Banking and Finance - Professor Rodney Wilson

[thegreatsky2011]

pag-europe country mayron talaga discrimanasyon...kc europeans feeling nila mataas na sila.

[9343105697]

the problem of western democracies is that when you brand a person or a community cause he is different then you are called a racist , this is acceptable to me as long as the same charge is applied to people who want to indentify themselves different from the other community following different laws and investments . promoting this shariah investment is also a racist thing. This too will create a bubble and when it blows , it will be bigger thab the BIG BANG creation of the universe.

[eziad85]

Who said it wasnt extended? There is the islamic bank in europe, people are taking its money from their banks and putting it in the islamic bank in order to save it. The system was there all the time, but people refuse to listen, a lot of europeans especially in france talked about the benefits of islamic banking decades ago. But the majority did want it. And now when they lose everything, the ignorant says, why didnt they tell us.

[missjo797]

Muslims have extended this offer as a way to 'help' our economy. They say we are where we are today because of greed and moral corruption (alcohol, pork, porn and gambling etc.). If this is the answer they say it is, why didn't they extend this aid, and idea of Sharia-compliant financing before?

Why is it only after we are on our knees financially, and SUPPOSEDLY (we aren't) out of options that the Middle East extends this offer?

Very suspicious if you ask me.

--- from an Egyptian

[MeX2004]

Why good videos are of either bad audio and or bad video?

What is the logic?

[dwipbhakti]

the world economy are stagging of the Cross-Road, view we think into catastrophe. While such a chaos was resolved by a false economic paradigm. A today's economic stemmed from the paradigm cited "interest rate as a yardstick". While most bankruptcy cases are attributed by the use of a derivative transaction, where interest rate as benchmark.

It is wisdom to oversee the other window such a Islamic Economic which stated zero compounding rate.

[sar7an00]

In europe they started to implement Islamic Finance to face the current crisis

[stokes58]

i couldn't understand a word of it. 'islamic banking' is a contradiction in terms and you should be very suspisious of anyone trying to sell it.

[turjo101]

it is not at all a contradiction...it is simply different from Western banking that involves interest...instead of interest Muslims take dividends...example...they can buy a house in cooperative...the downpayment of 1/3 would mean the ownership of 1/3...the person's monthly payment would be rent and 1/3 of that would go towards increasing his share of the house while the other 2/3 would be the dividend for the shareholders ...it'd be like a Real Estate Investment Trust (REIT).

[stokes58]

still smells fishy to me, sorry. the whole false wealth financial system is the real problem so anything built on that is false too. i hope we can have a world free from the grip of bankers even if they do call themselves islamic.

[turjo101]

haha!I understand your mistrust towards bankers..wealth financial system?!? this is for religious muslims who cannot take or give interest. We know how much interest is plaguing North Americans...many poor nations are also suffering. Profiting from interest (usury) is Haram (forbidden) in Islam. Its not about making money, its actually the opposite. Its about refraining from making money that could be against religious teachings...I hope you wont have any misconceptions against Islamic finance.

[stokes58]

yeah but it's still a bit like the jewish women wearing a wig instead of a hijab. six of one, half a dozen of the other if you ask me. as far as i can tell prof rodney isn't a muslim and nor are the rest of the worlds banking elite so it would seem that their invested interest (no pun intended) is not making sure muslims are living in a halal way.

[tomfromeur]

reply to stokes58:

Look, obviously you do not know what ZERO interest bank loans mean, or do you? Or maybe

you are unaware of what is the ZERO inflation? Or what is economical growth through productivity, and not through debt consumption

we have in Europe and you guys over the in "America". Because maybe you didn't know that western banks create the debt, but not the interest... so there are so many people who fall back, and become homeless because of the interest based system.

[stokes58]

ok, i'm sorry if i sounded blunt. the fact of the matter is there's a world wide game of monopoly going on and everyone, every country, is involved. the inventors of this game and those associated with them are always going to win. the only way to avoid losing is not to play the game but the bankers use the most devious methods to keep you playing. do you think that it's beyond them to trick muslims with 'islamic banking'?

[tomfromeur]

reply to stokes58:

Well, western banking system wants to destroy or at least control the Islamic banking. But

do not worry about all this, because you as a regular person must become rich and wealthy

by just increasing your own productivity, providing something of value to other people.

Otherwise you just become poor, period.

[stokes58]

True, not liking the system is not an excuse to be a victim. money is just a by-product of being active.

[Mandouq]

An economic system without banks is inconceivable and implausible.

"Interest" is at the source of all financial misery and economic poverty.

Interest is so bad that it plays a major part even in "Global Warming".

Any system without the ills of interest is MOST welcome

[yasushihiroshi]

He is the pioneer in this field