December 24, 2010

Islamic banking is not Islamic

contractum Trinius of usury and loan, so vehemently that the medieval church in Europe, and the lawful use tricks against a merchant. Anyone who has a fixed rate of return acceptable to the church from the beginning, but yielded three separate contracts, is included. For example, person B £ 100 a year you can invest. any loss of property rights and profits more than a third of their insurance contract until the end of the B B £ 15 £ 30 to pay a new fee and the cost of permits sold is £ 5 in Group B. The three at the same time a B-loan contract £ 100 paid £ 10 interest created by the results 

I have read a few months to complete the first contractum Trinius Guide to Islamic Finance Murabahah contract occurs before then. X is a good person reuleseo B, a type of banking transactions is the contract to finance the bank when the bank bought good X is a commitment, promise to buy good X reuleseo mid-B, Bank B requires the following when selling to buy a good X can be given immediately. He was delivering the bank is able to pay the bank a good X three months after organizing.Instead, the financial-banking revenue impact of the Bank of the bank to acquire a contract with the bank during the good X-executive compensation to a fixed percentage of the net better than B does not agree with X is more than a few% between now and the money does not have to pay for good X over B doneulwihanbuteo later. 

Riba, or any set of legal instruments, modern non-Islamic contractum Trinius trick is to avoid. Content of these contracts is very difficult, even if the shameful fact that Islamic banking is coming. Why, then, a big secret to clean? During the 1990s, many of the two organizations used Murabahah is part of a contract. "Beneficiaries" and the customer needs to take delivery of goods to the recipient's bank, acts as an agent of the economic provisions. 

The obligation to purchase the product 
Beneficiaries of this agreement by a bank rather than immediately after the delivery of goods is the responsibility of the Commission to buy the bank. 

inform immediately the sale of goods on behalf of payee, the bank must deliver goods as an exchange of telex or fax message will enter the contract. 

3, if for any reason, or the goods or the recipient does not reject or deny a part of, or commitment to the supply contract is not a commodity, and if the bank or to take any legal or giving reasons for the movement of goods, rights, goods for sale The reason for the order to sell items for more discretion in connection with the Bank as well as the costs of the sale (but without being obliged to part of this) (to be paid, the insurance company, including demand) the price is determined by the difference in price and all the steps necessary to right / to take or product delivery, contract for the sale of goods by the beneficiaries of the project to realize the recovery of damages to be paid as a result of a breach of the bank has occurred. 

Our banking operations to the event, you can see the damage that the insurance company is used to prevent the recipient's default. I share many interests. 

But the word "profit participation" in all meeting regularly to listen. Some scholars, if pressed, will be a good product trends as Mudaraba words. But everyone goes home Murabahah salary to work with. We are Muslims, and work within the context of the financial system, called and can be changed. But we have changed and not more than forty years this method has been tested. We are still in pre-fixed price contract will be returned using the Triple Islamic. 

Islamic Trade Finance now has long hair was the work of the previous letter of credit business that is used in a conventional Murabahah know the difference between the large companies is a concern I had for lunch. Just a different label. Then, close down the use of financial instruments and Islamic finance departments taking part in the purpose of the contract. When completed, funds often trade conglomerates such as General Motors, BMW and greased the deal to go to work. Place the other hand, in many countries, small businesses owned by Muslims Islamic finance facility is available. Islamic banking, a loan proposal to finance the fixed costs have finally lifted from the loan contract, and, therefore, a quick source of many of these companies cynical. 

That in this field, signals from all the bad. But not everything that is wrong for a person inside. Western academic establishment is believed that at least some of the methods of Islamic financeFor example, Brealey and Myers, corporate finance, the standard text, and perhaps judge Taqi Usmani is written in Islamic finance have higher strength. Ring-based piece of the financial books of the total value judgments is difficult to escape. Thus, Muslims, Islamic finance education, such as the impact of his client because the question "What are the financial costs you are looking for Tell me about it. Fixed-income financing the Islamic way, to find the fixed-income funds and some" good "financial Some of the structure, which according to Brealey and Myers. Fixed rate fully Islamic Finance in the first place I might not be compatible with the responsibility for teaching is not an option. 

But fixed-income products, and certainly to establish Islamic banks share profits with another reason to avoid. First, customers often prefer a fixed rate of interest is that funds are based. Second, the problem deserves more commercial banks based on the very essence of business processes. 

As an example, the first reason, leading construction companies in Asia and I am president of a discussion to allow us to say. His company specializes in the construction of toll roads. and is a strong economic recovery is in the center, has been hired by a lot of interest. , I credit package, we can develop an income distribution of the recipients, "said the president. financed toll road and toll income distribution - are a part. No toll receipts, nothing for us to share. If someone is on the street, the financial cost of his company may not be good. Based alternative care, whether it is full toll, yet the financial report. 

However, the agreement is as good a president uiyijaga 7%, so we do not proposition. Maybe geugahago toll roads offer access to 30% of the total goes, because I knew that, but attention will be more than 7 percent share of the profits to pay 30% did not make sense to pay you? 

About the economic toll road operator is less than predicted, but still declined to pay the interest. Has the structure of the company. Because the interest costs exceed the tax "a structure of the Financial Times, called the comment a few days later. A practical example may be true that all profits would be avoided in the article summary.The moral of the story that the president will be profitable in their business interests, and because most of their financial cost to maintain that he will fix this. Islamic texts in a clear financial advantage as all the lights, is practiced. 

President of the Islamic banks are not fatal but was offered to him, and allowances for the green light. This Islamic bank, the second day of the general failure of the financing will be two reasons for this is a common interest. 

The first bank loan to start a paper, do not you know that a big risk. He spent many years promoting the role of money. statements to convince the public they serve today, and yet some of us .. As "good as money, banking'..." financial prudence. Bank directed its business honestly and reasonable profit in the process, you have to respect chaepseuhaetda. Homework, have ordered, simply make use of gold in a bank. 

money to put their faith in this public commitment to the bank I think. Some tricks from the banks of the application of gold over the bank to print paper. and paper money you can borrow a fat profit. 

Note the gold coins to paper money and the additional promise of the bank gave him the money he took power in production, but an empty promise. Muslims everywhere have the same idea of an important process, because the risks, the bank does not understand the danger. Therefore, profit sharing, so this is not a way to invest money.Why is not the risk of additional loan business work? Instead, borrow money and better security in the capital and interest mortgage loans. Therefore, the bank is likely to be much benefit. This bank is always a trade-based business has become. 

Another way of their "business" practices by the Bank today. , Banks still remember checks and bank card number printed at the end and you create an account and send statements. Bank numbers, but both countries have the money, and can be converted, such as the collapse of banks such as Bank The bank is out of the previous day of their appointment. 

I do not produce the money in the bank, they can not survive the commercial suggests. All the money from the state rental stock, do not they all survive. collection, sustainable business model in what order the bank, and you need extra money. Profit too much money, you created a lot, because if you're in business again, and their relationship to pre-fund must be directed to go to share the risk. Today at least 91 percent of the money supply, the British banking system is created. £ 30 억 's National Bank at least 300 million pounds of cash money. Obviously the entire financial system, £ 30000000000, even though 20% of the shares is calculated, is not up yet not enough money to survive. Therefore, an additional £ 300000000000 believe will be able to generate interest. 

Islamic banking is different. Writing the money that companies need. Therefore, the majority of the project back to square one, you have to change their economic situation. Islamic banking can not succeed, so, therefore, a Muslim. No way to view, at least in the "Bank" and "Islam" We understand now. 

it gets worse. Banks are taking money for the national launch of a new loan because the company's money supply continued to bank on the amount of the debt has been.However, if the banks make money, they do not need money to repay the loan plus interest. Therefore, the inspection of a bank loan unrepayable. The military community unrepayable debt loan money to the rotation of co-added to the lack of experience, and to continue to operate after the competition. Only one thing or the other countries, to create more money in the bank, and you can download the current loan. This time the loan recipients to repay an old debt will give, enough new money. Banks and countries that do not have enough money for a new one if our recession. that is too much, we have inflation. We are more and more debt. 

Whenever you look at statistics the national financial system, "development" in the world. expansion of total money supply of the debt (private plus public) in a similar expansion of more people will see. Gross domestic product growth to show a significant More telling a percentage of total debt is an account of almost all cases.technology so much more productive than a decade are hard to use, although, due to more people. Have no more clean, less wealth in their own property will have. say anything to that? We know only a modern money, to be understood by our modern economy, the bank is mainly to understand if it can benefit. Then, is to be understood. 

Islamic banking products in a niche market, it is not. system. must be promoted and the system has been set. Where the financial system, this is only the private sector, Islamic or otherwise, can not begin to get the thinking. The word "offer because" the State is not required to have financial impacts. somehow we need to overthrow the financial system. Therefore, we are in front of a monster to beat. 

Some of our scientists to see what the monster. economic life, the idea of a part of the financial system. confidence to return to the debt burden, and connect to millions of children die every year in Africa (United Nations Development Programme Human Development Report 1997-1999 annual report does not show this relationship.) transport system, safe and investment advisory services, we must pay. all these things, yes. Written sake of money, no, please. 

Take a few politicians in the rich bankers, business meeting room, and his friends dared challenge will be? Wait for the success of the award will be a challenge. In these countries, like the world is clear. Imagine no longer owed. Instead of something they are not the result of non-industrial (London Stock Exchange in the largest value) Imagine a bank to dispose of all, useful. money because the bank has been great leverage and control, some of the major companies in the world free to imagine. As soon as we all try to imagine before. Economic Co-operation and responsibility of the individual small world, different world. 

If you do not want to defeat the monster, never ending need for growth path. RIBA unrepayable interest payments world is forever full of dust, 'Money Power' has been dominated by. 

Oh, I know it has been said, this is too funny, all the other ... 

"It's all made out of nothing so much dongwae benefits of bank interest." 
Declaration of William Patterson, director of the Bank of England was the first bank outside the Charter 1694: Tragedy and Hope, Carroll Quigley, Macmillan, New York (1966) refers to 

Banks unlimited release of the paper was banned all clear .... the distribution of our personal property, and the grace of his loans from the state of their own greed that floods us down a flood of money is nominal. 
June 1813 Jefferson, in a letter to his Wayles Eppes, Thomas Jefferson (1984) written in New York: American Literary Classics 

Restaurants, banks seoboda actually more dangerous than the army, do you think, and posterity the name of the fund's money to be paid in principle, but promising fraud
John Taylor on 28 May 1816 letter to Thomas Jefferson, written (1984) New York: American Literary Classics 

Distress and alarm of war and the U.S. banking conditions, yet do not forget to force people into submission, when the whole country to fight the war excitement. All cities and towns, the poverty of individuals and the destruction of nature and the darkness, a sudden change in a scene of prosperity and despair, oppression of a ruthless and relentless will be brighter, public memory must be moved permanently to the United States. That is, the door is your enemy in time of peace his power was a period of war, if you can not? No nation but the U.S. will win the competition from the free man, but you have not conquered, the government, organization and power of a few people have the money disappeared from the secret conclave, and the highest officials, peace or war and are, forced to create a forced choice, as best adapt to their intentions. 
President Andrew Jackson, Richardson recorded the address of the message, the American people, today, 4 March 1837 Volume 4, p. 1532 

The government must create the problem, and the Government purchasing power and purchasing power of consumers in credit and monetary policy to respond to all traffic must be completed. Privileges and is able to create money is not the only one of the best government prerogative, but the government of creative options. Take these principles, the media was a time I feel the need to fill uniforms. Interest of the taxpayer, in exchange for a number of great discounts and to save the ... Master is the servant of humanity to stop the money. Democracy will rise superior money power. 
President Abraham Lincoln, Senate Document 23, 1865 

Bank of England Bank of achene in the cost of ordinary citizens do not like to tell I'm a failure. 
Post-war economic policy, p. 93 (1928) Reginald McKenna, British Treasury, and later Secretary General of the Midland Bank President, William Heinemann

In abstract it b) do not have resources to do dee), an authority will be able to ignore the cost to society if all, many of the commercial banking system interest rates are the average of the amount multiplied by the Exchange of strange words in a paid ad) important evils result, all economic systems is unstable, especially scary, surpassing the effect of price level, not at all. 
Literature, PS 732 Saturday Review (1927), Knight Frank 

Private factories in the spring, Congress essentially has perhaps irretrievably betrayed democracy. Invisible to the money before the war, bad hair, the paper distribution division of a set of completely clear to the functioning of the economy was clearly shown. I really had no money! The reader is always the smell of the standard in its business approach to the subject of the work can be seen. Must also be new money, the justification is expected to plea, and all the distorted clouds above. 
The Role of Money (1933), Frederick Soddy Nobel Prize in Chemistry 

Honesty and good conscience of the country's financial system at the end of the house, and dismissed at the same time, the International Monetary Fund and World Bank started a new critique of imperialism, and even the International Monetary Fund and World Bank loans to touch, directly on the screen will appear. Countries have to pay back the loan to. Of course! What other conclusions can be? International Monetary Fund and World Bank really only unfair "loan" that we understand the nature of the fraud, through its banking system is based on the relationship between ...international slavery and extortion amount of fire and war is an obvious effort to be excluded from all countries and all people of the dependence of the standard is unreasonable and offensive, is run over the centuries exceeds the sum of the sovereign people. 
Death Grip (1998), Michael Rowbotham