Islamic Bank Failures |
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nadia_miceli
Starter Female Joined: 14 March 2010 Location: Malta Status: Offline Points: 2 |
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Posted: 02 April 2010 at 8:09am |
Where can I obtain a list of Islamic bank failures? have any Islamic banks failed during the credit crunch?
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abuayisha
Senior Member Muslim Joined: 05 October 1999 Location: Los Angeles Status: Offline Points: 5105 |
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http://www.ameinfo.com/208518.html
Edited by abuayisha - 02 April 2010 at 8:34pm |
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nadia_miceli
Starter Female Joined: 14 March 2010 Location: Malta Status: Offline Points: 2 |
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Thanks for the links, but do these still hold in light of the Dubai Debt Crisis?
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abuayisha
Senior Member Muslim Joined: 05 October 1999 Location: Los Angeles Status: Offline Points: 5105 |
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Most middle east banks are not Islamic Banks.
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ak_m_f
Senior Member Joined: 15 October 2005 Location: Canada Status: Offline Points: 3272 |
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how do Islamic banks make money?
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Sign*Reader
Senior Member Joined: 02 November 2005 Status: Offline Points: 3352 |
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nadia_miceli
Islamic bank failure list? If the bank is Islamic it is not supposed to fail cuz the speculative practices of the current meltdown like sub prime loans and its derivatives with credit swaps (almost like playing black jack in a casino) are not permitted under sharia! It was no credit crunch rather there was a well thought out scheme by the Zionist Wall Street investment houses to offer too much credit for speculation on American real estate till this pyramid scheme went bust...People on the inside made billions and on the tail end were left holding the bag...the copy cats in places like Dubai went bonkers in this mad race to nowhere fast but as abuayisha said they didn't follow sharia so they got what was coming to them...brink of bankruptcy...schadenfreude for their detractors! Here are the general guidelines for the sharia bank and how it works... http://www.bankinginfo.com.my/_system/media/downloadables/islamic_banking.pdf Edited by Sign*Reader - 06 April 2010 at 12:38am |
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aeronroy
Starter Joined: 10 September 2010 Status: Offline Points: 4 |
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You can change the method of interest on the basis of finance, Muslim experts in banking and financial sector have developed a new economic methods. Islamic banks deposits and investors to purchase shares of equity, regardless of where the bank to invest their capital. financial techniques used by Islamic banks, mostly on the basis of equity.
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kristinthomas
Starter Joined: 25 September 2010 Status: Offline Points: 3 |
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Muslims must work within the existing banking system and the change from within. But we tried this for over 40 years and nothing has changed. We are still determining the financial performance in advance using the Islamic contract triple.
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