clip from muslim french speaking site
http://www.oummatv.tv
background information
since the global financial crisis several industrialized countries are already looking or offering islamic financing products.
Some are even alreay important centers for islamic financing such as London's
(wink wink for those ingorant who were "outraged" about Shari3ah arbitration tribunals. Shari3ah was already received with red carpet through the big financial door because
this might be what's gonna save your sinking economy...oups)
http://www.dawn.com/2008/01/22/ebr5.htm
Others are ready to enter such as Royal Bank of Canada
http://ribh.wordpress.com/2008/07/12/1681/
while for others the debate on how to integrate islamic financing products (no interest, based on real work economy, no speculation)
along their existing system has started
for eg the debate is starting in France
http://www.senat.fr/rap/r07-329/r07-329_mono.html
that's the context of this video
Bottom line:
No bank or no country economy can afford to look down a 600 billions market anyday but especially today
http://tinyurl.com/600billions
after worthless virtual sub-primes nothing like rock solid and concrete islamic equities.
people Insha Allah are gonna hear more and more about "sukuks". Mind you people using a "cheque" might check (pun not intended) where this word actually comes from in the first place :)).
At the end of the day: usury (riba) is bad wether we already see its consequences in this life or the next. Alhamdulilah Muslims and non Muslims who are not comfortable with usury will have
Insha Allah several available alternatives.
google "islamic fiancing" and the name of your country to see what's happening close to you
2:275 THOSE who gorge themselves on usury [262] behave but as he might behave whom Satan has confounded with his touch; for they say, "Buying and selling is but a kind of [263] usury" - the while God has made buying and selling lawful and usury unlawful. Hence, whoever becomes aware of his Sustainer's admonition, [264] and thereupon desists [from usury], may keep his past gains, and it will be for God to judge him; but as for those who return to it -they are destined for the fire, therein to abide!
2:276 God deprives usurious gains of all blessing, whereas He blesses charitable deeds with manifold increase. [265] And God does not love anyone who is stubbornly ingrate and persists in sinful ways.
Insha Allah ca bouge aussi en Belgique
google "finance islamique Belgique"
mounir1426 3 years ago 2