Author: Revolutionar

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Post time 2014-7-9 08:11:25 |Display all floors
Revolutionar Post time: 2014-7-9 07:31
No.....it is HSBC that needs more Islamic banking and less speculations under new banking regulati ...

No, just checked, nothing in there about Islamic banking, it is all about asset to risk ratios, I wish you would stop inventing things that do not exist

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Post time 2014-7-9 11:25:53 |Display all floors
futsanglung Post time: 2014-7-9 08:11
No, just checked, nothing in there about Islamic banking, it is all about asset to risk ratios, I  ...

Islamic banking............that is, putting morality back into banking.


Isn't that the guiding principle for banking reforms after the financial crisis?



I've made my living, Mr. Thompson, in large part as a gambler. Some days I make twenty bets, some days I make none. There are weeks, sometimes months, in fact, when I don't make any bet at all because ...

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2016 Most Popular Member CD top contributor in April 2015 Most Popular Member Medal of honor Medal of honor

Post time 2014-7-9 12:15:02 |Display all floors
Revolutionar Post time: 2014-7-9 11:25
Islamic banking............that is, putting morality back into banking.

So charging interest and pretending it is not interest thus breakiung Shariah law is moral? Not in my book

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Post time 2014-7-9 12:32:20 |Display all floors
futsanglung Post time: 2014-7-9 12:15
So charging interest and pretending it is not interest thus breakiung Shariah law is moral? Not in ...

what is the defining characteristic of Islamic banking?

back to the days of the Prophet.

The Jews were already the bankers. High interest charged to borrowers. Those cannot repay loans gets their hands and legs cut off and even life taken away.

along comes the Islamic reform...............

compassionate banking.
lending to priority sectors
profit is not the only objective.

no financing for gambling


Islamic banking is probably the world's first venture capital financing.
instead of fixed interest, Islamic banking looks for profit sharing.
this is deemed more equitable and more compassionate.





I've made my living, Mr. Thompson, in large part as a gambler. Some days I make twenty bets, some days I make none. There are weeks, sometimes months, in fact, when I don't make any bet at all because ...

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