Comments on: Islamic Banking Option For Sustainable Finance System

By: SHAYA'A OTHMAN

SHAYA'A OTHMAN — Tue, 05 Jan 2010 11:13:42 +0000

Assalamualikum (Peace be upon you) Beth

Any Islamic Systems as laid down in the Holy Quran [The only Holy Book from God which is authentic an unadulterated] is good for all mankind. As we know that drinking of alcohol destroyed society; free sex has resulted in HIV, Farming of pigs resulted on H1N1 that kills millions. Now the conventional financial systems destroyed financial situation of families.

Back to Islamic Financial Systems, you do not have to worry. You are going to be forced to be Muslim. Similarly if you do not drink alcohol you no need to be Muslim. Many Non-Muslims do not drink alcohol., and Many Non-Muslims do not eat pork. In Malaysia does who participate in Islamic Financial Systems are majority Non-Muslims [Buddhist, Hindu, & Christian)

I did attended in one of the Catholic Church Sunday Service - the priest in his sermon advised the church members to invest in Muslims Companies in the Malaysian Islamic Stock Exchange - the reasons are you are sure the investments are clean [no gambling, alcohol,etc].

Best regards Beth, and I am sure with postive and open mind you may agree with others Non-Muslims who participate in Islamic Financial Systems eg. Hong Leong Islamic Bank, CitiBank Islamic bank, Standard Chartered Islamic Bank, and many other Western Bank is opening up Islamic bank.

Best Regards and wishing you every success in your endeavor in life. Ameen.

Mr. SHAYA’A OTHMAN

By: Kinja

Kinja — Fri, 08 May 2009 15:50:11 +0000

You are uneducted and ignorant. I fear someone like YOU who has such outward hate.

Al has it right on. Not all muslims are terrorists and this forum is to discuss the benefits of IF, not the religion behind it.

Get your facts straight sweetheart before you open that mouth of yours.

By: Yerulan

Yerulan — Mon, 13 Apr 2009 18:23:49 +0000

Thank you for the good thoughts about Islamic Finance principles.
Believe me I worked for both banking institutions of conventional and Islamic nature – there is no any special difference for entreprenuers who is not just duscussing, but looks for better financing opportunities. I as an Islamic banker have had most non-Muslim borrowers who succeeded in their businesses and did not put any religious dogms or tips. What have they noted in IB – its principles are of general features such as transparency, strong risk management (on double level – official regulatory and Sharia supervision), PLS (fair profit and loss sharing) and avoidance of payments of multiple fees, commissions, penalties and especially interests. In any case, even Vatican authorities recognized the faithful and true values of Islamic finance that just identify the idea of the One God.

By: Al

Al — Mon, 13 Apr 2009 07:04:13 +0000

In response the Beth’s blind perspective:

A few power hungry people – as found in any religion historically – are preaching through purposeful misinterpretation of the Koran resulting in a massive following of extremists. There are many muslims that have a completely different perspective and respect the views and religions of others.

I would like to add, this is not a place to discuss religion rather of the benefits/criticisms of a financial methodology. We may want to keep it this way moving forward. There are other forums for religion talk.

By: Ben

Ben — Sun, 12 Apr 2009 16:15:36 +0000

Thanks for your comments Beth. Islamic finance is certainly an interesting subject to further discuss and explore.

By: beth

beth — Thu, 09 Apr 2009 16:43:28 +0000

I read somewhere that any who partake of the Islamic Financial System become subject to Sharia laws. I suppose if all of the western countries joined together and formed it’s own banking system, no doubt it would be a huge success just as all the islamic countries banking system has become successful. No thanks we should not want any part of anything islamic as it is a trap to suck non islamics into becoming and eventually being forced into the islamic faith. We are almost at the door, those people have a plan and that plan is to conquer the whole world for Islam/allah and thier plan is to do it by conversion, have you not noticed that there are mosques all over in every country including the US, yet you will not find one religious place of worship other than islamic mosques in any islamic country. If they cannot do it by trickery and conversion then it will be done by the sword. If you take the time to read and understand the koran, it’s all there