In the summer of 2005, global poverty and articles about Live 8 Michael Chussodovsky (http://www.globalresearch.ca) declined to write. Here is an article a short excerpt:"Concerts are relatively simple and cliche .. poor are deprived of attention to the content of political marketing tool for consumers and viewers and listeners around the world, such as an advertising gimmick to increase the number of Live 8 poverty created by an aura of optimism. It can be defeated with the stroke of poverty PEN, bears an impression. We need a good will message the G8, along with the results of the World Bank and International Monetary Fund is committed to reducing poverty, that is. This point of view. Concerts media wrong part of a broader process. They Scotland's Gleneagles G-8 with Tony Blair Prime Minister Tony Blair hosting the summit, is used as a timely public relations stunt. and poverty in other countries, G8 "Action to see how it proposes to strengthen the campaign.
Chussodovsky where a particular methodology. methodology is to weaken the internal action potential threat to the owner, may be established on earth. For example, a few small changes, more than one Islamic bank Chussodovsky words:
"Islamic banking focuses on simple and inaccurate clichés. Aura of optimism is a marketing tool to increase the bankers of the Islamic world and Muslims following consumer advertising gimmick. How Islam is used. That can show percent, to avert further financial products to the application. We have all been required to set up Islamic banks.'s message to Western bankers, as well as their friends, the World Bank and the IMF, so the true Islamic paradigm provides. In this regard, the Islamic banking conference on the media the wrong part of a broader process.'s leading business figures are often the field of Islamic finance to play in the "others, such as strengthening the campaign is to persuade, is described.
Islamic banking conferences and award ceremonies such phrases of Live 8 again shine. Islamic interest-based loans with tags, top prices, but few people stop to ask how this famous garbage. these awards is a type of interest-based foundation for the development of Islamic finance means that the same? present model is not a threat to the financial type? In Great Britain last year, the banking sector, amounting to $ 40 billion in profits. In this case, ideological or commercial, profit machine is protected against all possible threats. So, what does it cost several hundred million? Cheap strategy, can in fact co-impact within the Islamic banking and elect her. The last member of the industrial product design award that "this is a scam," private me, "said the scientists, who could not be confirmed." I can not believe it. Methodologies for the job.
One of the main factors drive us to this low point, I believe that lack of vision and confidence in the development and implementation of modern financial activities within Islam, a Muslim, he led. In this case, a Muslim academic and business-critical units, such as intellectual colonized the West. It will therefore be higher than in New York or London, the small difference of the material used in the Gulf of financial courses find it far behind the spread of the Academy of symptoms of malaise. Suit and tie in ThoB and still see the beard can not win respect for the Islamic banking sector.
During the first week of the Islamic finance business, home finance product development partnership that we all below, London is the director of the Islamic House proposed. I think we need to be considered along with the project said it could.Plus a wide knowledge of the finance company and my experience is consistent with the elegant, I thought. We would like to exchange rate risk-based. Negative equity of its clients, no more suffering from the fear of debt stress. maybe five minutes later (he appears for a few years after the name of the partnership is falling. as a way to interest-based loans with a decline in real, not a thing), the director proudly told me that he and the recent Barclays Bank by 7.5% to five-year loan has an interest in Islamic finance. Looking back to the house of Islam, Director of Muslim Islamic organization that has a financial interest in the development paradigm, imagine, in my naivety is carried out. However, when I was a real problem I thought was the top business plan. The Muslim community, the Islamic state hopes financial?
As the years passed, the story repeats itself. In 1996, a visit to the Gulf-based Islamic bank, I suggested a project relating to revenue and net asset value coupon redeemable bonds. in a Muslim country, several million dollars in hard infrastructure projects necessary zákazníka mine. I have a template to begin next year could be really honest, as a chance to see the financial instrument. This particular race, billions of dollars, but the balance has to deal with me "more money more money online" people wanted to talk with men who are not entitled to consider beyond the McGraw Hill textbook. Revenue bonds business ideas, Great Western Bank to implement, money and run with Limp reset LIBOR business visit to the same institutions when they are fully active in a breakthrough that was! Really innovative! technical-sounding names in literature soon culminated in various products. murabahahs turning "and" approach to the problem, "taste the day is celebrated. Often, 15% of the annual development of Islamic banking, the amount of $ 150,000,000,000 focus on a niche market that the sentences are mandatory for us to learn some professional journals functions associated with the course would not .
Today, commentators are still murabahah Islamic products are really something just a temporary stage for the Islamic banking dispute. People Yes, I know it's not ideal, but it is a start, "said one step in the step and are better than others. But sufficient for the formulation of modern murabahah this step, we are the principles that led to the election of a new tawarruq and excuses for Full-any action that would have been better, it is not possible. contract with the design of Islamic financial products, in particular, think about a more general level, so that the support of industry in a number of articles on the legal form. As a result, a remarkable transformation. throughout the Middle East decades, the Muslim Public Bank's immune system offers an attractive interest rate loans. a strong impetus to the near sinful connotations have sufficient credit. tawarruq but to increase interest and loans available to all through the fig leaf has changed. For example, according to consumer debt last year, Saudi Arabia jumped more than 50% Why, he explained. of course, say interest in their products for many years to conclude, it is still selected, the legal principles in favor of former clients leading voice of the scientist is very attentive to suspicious. warning, long before Sheikh is considered to be prohibited. because you are willing to accept higher prices, but other teams fatawa more qualified scientists, bankers, and you can do it, because the other, depending on the account. as a result of this interest-based commercial bank, now more-money-after operation of Islamic banking based business model, that is. It can now at least the legal floodgates, so to speak, is to make sure the drop-down is not responsible for the re-closure.
This is a very similar story after the fall of prohibited interest in Christianity, it is one of the legal establishment of a bank and a strong influence on intellectual thinking. This influence continues to this day. For example, Citibank's London Business School, spent his financial education, as well as a large British commercial banks. Strong anti-banking institutions under the aegis of the theory of so high that it is out, and he knows less than the theoretical paradigm of economic interest-free managers grew up on a diet. However, management of people around the world have been invited to Islamic Banking Department.Tools for the West (overdraft, fixed income securities, mortgages, derivatives) for the development of fruit tree (fiat money, central bank, fractional reserve banking and institutional framework, as is) only on a certain tree, and land (RIBA, gharar, the termspeculation) grow. We have a fruit tree or more than Islamism Islamism can not be stolen, but sometimes we are more orthodox economists like reduced income or "return to the Stone Age," I'm not protected. We're only in our own country planted the seeds of fruit trees, and the results the product should be developed. Who is the research question, the first Islamic century, the bank's deposit-taking, said Dr. Daud Bakar any restrictions on the technology in any way, but was developed when the Islamic empire. As the pioneers of modern Islamic banking, commercial banks, that Western criticism of the model, and then there? We really think we Shari 'ah transplantation at low interest rates you as a unique model increased? Scheme was a non-start, but continued to smoke, and live in a more absurd semantics mirror of the Community of Islamic banking, as the years pass.
I understand that the problems you can solve problems for a long time only in the Muslim world believe. This is probably not the others, but Islamic banking and finance, in particular, seems to me a clear idea. Securing legal doubts and confusions of Islamic banking more than one thing wrong is the fact that iron. This is a serious industry, who never studied the theory of fractional reserve banking, or a series of economic development of the landscape around us to realize that the estimate is particularly sad. The raison d'etre of this critical re-evaluation of commercial banks, the Islam-based industry, the options on interest rates is absorbed completely, but without result. There is no difference between the two of any material, because it is.Even pulling the chain as a major conference on the theme of the conference in 2006 at Harvard, and the word "Islam" Islamic finance should be integrated marketing efforts was discussed. as Stephen Green, executive director of HSBC (the success of Islamic banking products, which will be adopted as the basis for the financial community, "Islamic Banking and Finance Magazine # 4, United Kingdom to support, 2004). Not fully reflected in Stephen. The lack of generally accepted that Islamic banking and finance will be measured by degrees. interest in such a terrible thing for a per-Islam and victory and defeat for the suffering of the world will follow.
But in the modern Islamic banking and finance, a series of radical policy changes needed for the Islamists. This policy is not implemented immediately, at least, they should put on the agenda. this debate is that in the Muslim world as they really are, or non-Muslim world Islam is for all people will benefit from the reforms, because I do not care. Here some thoughts in a nutshell:
The current interest rate-based monetary system reform should be a serious step. He is under the control of the state should be replaced over time with the commodity currency.
100% allowance should be applied on deposit in savings accounts, and it is for back-payment is prohibited by law, be adopted.
transitionary step, securitization of assets and marketability of real devaluation as a long-term credit from commercial banks due to the influence of a liquid alternative investments should be encouraged to make money for owners. with the removal of fractional reserve banking, securities needed for greatly reduced.
Investment accounts and balance must be run as a legally separate from the advance payment the customer must be his van. Investment accounts would be required to reserve 0% and returns to its investors and the Run for the bills from the executive and the right main portfolio of assets will be subject to liquidity.
interest-based forms of financing, and incentives should be phased out over the law when operating leases and income taxes in accordance with an alternative to the actual site.
infrastructure projects in support of revenue bonds, which can be a source of income (such as a toll road project) to finance them. through creative accounting profit, which may be false can be seen directly from the project related income securities that are easy to follow.
Partnership funding (venture capital is really the kind of common), and declining investment in ticket items such as property and conditions for financing should be.Break-up between the user and the provider of funds in connection with the risk of non-uniform distribution, but many will be less frequent in these cases is the legal and financial framework for the negative social and economic consequences must be resolved if the investment is reduced. I'm here for good governance, I think, a valid regulation of the financial sector, insurance, mutual funds, portfolio management experience in the promotion of good, and so on.
Interest-free credit, housing and education for the public sector of low-income groups should be submitted through the car. In this case, the acquisition will be financed at the lowest cost option will be more than the company is successfully implemented in the past. For example, the recent interest-free loans from the government of Saudi Arabia was the main source of financing for home.
margin lending transactions in the financial markets with an equivalent delay of just a contest for a future date, so you need to Shari 'ah to be limited in accordance with s. The main areas of this policy will help reduce speculative trading.
the name of Islam, which enables the synthesis of interest-based loans, because the Islamic banking industry standards is the combination agreement is forbidden. This prohibition includes the use of the end to achieve the mutual promises.
The property tax, wealth inequality in the address where the order matters, but in some countries than in the Muslim world must be submitted to the monopolistic control over mineral and other resources to address adverse impact. Mining and quarrying to the charity of the Umma is the reason.
It is only from the financial sector is a more general reform should be implemented immediately. In many Muslim countries they can rely on urgent issues in a fair legal framework, the need to work efficiently and impartially. economic and social progress is hard to underestimate the benefits of such reforms. You are located in the Muslim world against the English courts and the arguments of their financial intermediaries to choose English when they see it, it really has a thing about the current state of Umma.think of all the States under Muslim rule, known as a place of justice, time. Now, in many cases much justice for Muslims is not.
We consider our methodology, the development of the tree out of sight to the strike in the future. We should know the correct way to achieve an interest-free Islamic finance paradigm for economic development, and even for profit, not for Allah is out. After building paradigm, then, to participate in profit-and entrepreneurs who play by the laws of the party seeking the new. That now was the exact opposite of this strategy.No rules of profit and business people are looking for model builders intended. How long have we learned, we are pleased that it is difficult to be on the road. But let's be discouraged by another task. We are facing problems resulting from the number of non-Islamic. Volatility derivatives, for it does not lead to any solution. Interest rate of inflation is not a reward, it's the reason. Instead, re-branding it, and just get away from the sacred to be lost more than our economic problems.
Even Brazil, the world's most debt payments to meet with some degree of reduction in the rate of rainforest in the country are required, he said. Amazon rainforest in the world's oxygen supply is a major part of the production and almost disappeared within three generations of the degree of deforestation. such interest may lead to ecological disaster, we heard where? It is in many places. It is true that dare not speak its name, is one of the most important media. This monster can not save the current state of Islamic banking. His name, but all customers, interest rates need to repay the loan.They want to meet the payment of its forest cover will be. This is an important environmental global Islamic banking paradigm that is different than a quick-rich solution to train low.