Islamic Finance - Islamic Bank Failures

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Islamic Bank Failures

Printed From: IslamiCity.org
Category: Religion - Islam
Forum Name: Islamic Finance
Forum Description: Islamic Finance
URL: https://www.islamicity.org/forum/forum_posts.asp?TID=16592
Printed Date: 19 April 2024 at 7:30pm
Software Version: Web Wiz Forums 12.03 - http://www.webwizforums.com

Topic: Islamic Bank Failures

Posted By: nadia_miceli
Subject: Islamic Bank Failures
Date 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?

Replies:

Posted By: abuayisha
Date Posted: 02 April 2010 at 8:33pm

http://www.ameinfo.com/208518.html - http://www.ameinfo.com/208518.html

http://www.islamonline.net/servlet/Satellite?c=Article_C&pagename=Zone-English-News/NWELayout&cid=1201957590961 - http://www.islamonline.net/servlet/Satellite?c=Article_C&pagename=Zone-English-News/NWELayout&cid=1201957590961

Posted By: nadia_miceli
Date Posted: 03 April 2010 at 12:40am

Thanks for the links, but do these still hold in light of the Dubai Debt Crisis?

Posted By: abuayisha
Date Posted: 03 April 2010 at 10:23am

Most middle east banks are not Islamic Banks.

Posted By: ak_m_f
Date Posted: 03 April 2010 at 12:25pm

how do Islamic banks make money?

Posted By: Sign*Reader
Date Posted: 06 April 2010 at 12:20am

member_profile.asp?PF=62863&FID=91 - 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 - http://www.bankinginfo.com.my/_system/media/downloadables/islamic_banking.pdf

Posted By: aeronroy
Date Posted: 10 September 2010 at 6:14am

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.

Posted By: kristinthomas
Date Posted: 25 September 2010 at 3:21am

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.

Posted By: ammasmith
Date Posted: 30 September 2010 at 10:14pm

As the market is fully developed, investors are still demanding a very high liquidity contract premium.Typically in Islamic banking, mortgage financing is based on the principle of the profit margin on top cost of ownership, by mutual agreement of the Bank and the Borrower. This type of financing is usually done under the Murabaha contract.

Posted By: marryroy02
Date Posted: 17 October 2010 at 9:59pm

You can change the method of the interest rate on the basis of finance, Muslim experts in banking and finance have developed new financial methods. deposits of Islamic banks and investors to buy shares in the capital, regardless of where the bank invests in the capital. Islamic banks financial used primarily on the basis of equity.