A news item I caught off of CNBC World on Islamic Banking back in Summer of 2004. Just found it archived and will post this onto my website IslamBank.Community.
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Yeah , collapse of ML , AIG & Wachovia are because of interest rate loan & finance, with Islamic banking interest are out ! and it is profit sharing and loss sharing , Great to Islam you are the real finance solutions today finance!
allah u akbar
i would put as 5 stars for this video for pple of non-muslims to know of what islam is.
islam does not isolate but the west are the ignorant one when they gain knowledge from muslims scholars they show their nose in the air, technologies if not well use can be exploited. they always finds islam as conservative. But Islam have what is forbiden & what is not. we call it halal and haram. the wrong & right. Because Allah say so. Thee had set such rules through prophet Muhammad for us to follow. reply to PandemicMadness: why does islam have to isolate itself so much from the rest?
Islam is pratical religion unlike other religion, i know many non muslim people select islamic bank, they dont want their money to spend on war or in wrong ways.
i m glad world’s economical problem doesnt effect Islamic bank nor i heard of any Islamic bank goes down,
So read Quran and unsderstand what Islam says. forget about these evil media or dont learn Islam from non-muslim.
Is there a consensus amongst scholars concerning shorting stocks?
Capitalism and Socialism practiced by US does not work as evident by the recent events. Islam has the solution. Unlike Judaism, muslims treat non-muslims and muslims alike – say no to oppressive usury based system.
Yes, you got that right. Just to share with you, Islam is encompassing everything. In Islam there is no such thing as separation between religion and others such as politics, criminal laws, economics etc. Secularism is not an option to muslims. It is time for muslims and non-muslims to know more about the alternative economy – free from usury.
There is a difference between isolation and standing out amongst others; Islam is an open religion. It invites all to learn and embrace its principles; Muslims / non-Muslims alike may deal with an Islamic bank for exp. But Islam does not compromise on basic principles like forbidding interest charge for a good reason; look at the international financial crisis due to the burden of national debt that the interest based economy system and banks keep causing(answering in the context of the clip)
why does islam have to isolate itself so much from the rest?
Basic of Islamic finance is using Dinar(gold coin) and Dirham(silver coin),not fiat money(Dollar,Rupiah,Euro,Pound etc).Islamic economy becomes perfect for 14 centuries ago by
using Dinar and Dirham as currency,more stable,zero inflation,not riba as forbidden.
well said kalepensel.
That is why Islam is not a religion it is a WAY OF LIFE.
I salute you, finally someone smart in youtube!
actually that’s a good point, if you can make money out of it, why not?!
I dont know much about Sharia, but from what i see,its not using religion to make money,its applying the principal of religion in economy.For example,Muslim does not take alcohol,so it is prohibit to them to invest in alcohol industry. So as interest ,Muslim are prohibited to take interest,so they cannot enter in interest-based investment. It’ about applying principal in economics,no problem about that…
I think its fine to involve religion, as long it make money…
no religion should be involved in anything outside of the religion itself – that includes politics, economics, health, education and most importantly music
I am just surprised why would this matter to them ?? if they or you wont deal with it, and it doesn’t affect you .. why doing a whole investigation to criticize something because it have the name of other religion you’re being resist against it !!
Islamic Finance is for muslim people, countries and for the other people accepting it ..
3:50 that nigga got 6 fingers!!!!!!!!!!!!!
HUNT:ZoO shariaa = no Religion
No Brainer!
Transfinancial Economics is the way to the future (see kheper essay).
ishallah i want to start my own hedge fund in america islamic bassed… show some people out there that some of us muslim people know how to get money in this world with the help of allah… if your a muslim brother or sister and u some info on how to invest the islamic way please dont be shy to send me a message… who said U cant be muslim and make money @ the same time…
I don’t see what your comment has to do with Sharia compliant banking… This video doesn’t criticism Muslims and never mentions the CIA, Osama or Saddam