Madinat al-Muslimeen Islamic Message Board
| Islamic Banking... |
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| proudtobemuslim |
| 05/15/01 at 05:49:32 |
| Assalam-u-Alaikum, Where can I some really good sites and sources of information on the following: Islamic Banking Islamic Economics Islamic Credit Models Islamic Financial models I. of course, need the PROOF as in Hadeeth or however the matter has been explained in Islam. I need some daleels and hadeeths on Islamic financial, credit, and economic models. I would be GREATFUL,THANKFUL and HAPPY if i could get some of this stuff from anyone of you as soon as possible. SuperHiMY, the SuperMusLimEcoNOmist?? Wassalam-u-Alaikum, Uzer |
| Re: Islamic Banking... |
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| BroHanif |
| 05/15/01 at 06:01:58 |
| A.W.W. Have you read the works of Chief Justice Taqi Usmani (his the chief judge on the Pakistan court. His dealt a lot on those issues and he backs it up with Quran and Hadith, also he is a very good knowledgeable scholar. His going to have a conference on Fiancial Islamic issues in Yorkshire insha-allha. I'll get more details if your interested. |
| Re: Islamic Banking... |
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| zeyn |
| 05/15/01 at 09:07:24 |
| as salam o alaikum check out www.ihilal.com chief Justice Usmani is a shaira advisor for this Zeyn |
| Re: Islamic Banking... |
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| BrKhalid |
| 05/15/01 at 10:53:35 |
| Asalaamu Alaikum ;-) Courtesy of a good friend of mine there are some interesting articles on investments [url=http://indexes.dowjones.com/djimi/iminfo.html]at this website[/url] The article below by Nizam Yaquby is definitely worth a read. Participation and Trading in Equities of Companies Which Main Business is Primarily Lawful but Frought With Some Prohibited Transactions |
| Re: Islamic Banking... |
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| Barr |
| 05/15/01 at 11:32:58 |
| Assalamu'alaikum :) Jazakallah, Br Uzer for starting this thread.... and shukran for those who posts the info... I really appreciate this as well, alhamdulillah :) I'm currently thinking about financial investments and insurances (takaful) as well... These past few days... I'm like worrying, mulling and thinking about the security of my family if I am to pass away suddenly or other calamities... as well as retirement fund when I retire... and my children's education bla bla bla... OK, I know that ideally I don't really have to worry about this, since, inshaAllah, my welfare would be taken care of my wali... but economically, I would like for me and my family to be very prepared and stable when such critical life events occur.... And I don't know whether these sentiments are shared by others... or perhaps, I'm just being overly worried? (erm... this is not a rhetoric question) My question is... what is the general receptiveness do you (or your local community) have towards investments/ insurance and why? coz, sometimes, I feel that we also need economic power to progress... wallahua'lam |
| Re: Islamic Banking... |
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| traveller |
| 05/15/01 at 16:40:00 |
| AsalamuAlaikum I have a question which is kind of along the lines that you are discussing. Does anybody know or is aware of any Islamic websites which discuss the permissability pension plans? I'm unsure as to whether a pension is permitted in Islam. There are also ethical reasons as to why ppl do not take out a pension e.g. most pension providers invest in companies which are not Islamically acceptable. If a mainstream pension is not permitted are there any Islamic alternatives? I know that sustenance is from Allah (swt) but I've been asked this quesion a few times and am unaware of the Islamic ruling behind it. Wasalaam |
| Re: Islamic Banking... |
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| zeyn |
| 05/16/01 at 20:39:54 |
| as salam o alaikum if you look at the new islamic horizons (it came in today'd mail) it all about islamic finance |
| Re: Islamic Banking... |
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| Haseeba |
| 05/16/01 at 21:41:47 |
| my bro did a big independant study for accounting...ill ask him for his bibliography and post it if i can find it! |
| Re: Islamic Banking... |
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| BrKhalid |
| 05/18/01 at 18:48:52 |
| Asalaamu Alaikum ;-) [quote]If a mainstream pension is not permitted are there any Islamic alternatives? [/quote] One "Do it yourself" alternative I've heard to a pension is buying a second property in addition to your existing property. Thus the money you would have put into a pension plan goes to buying a second home, which then can be rented out to give you income in your latter years. Obviously there are pros and cons of the above but one advantage is that your rental income in retirement can be increased in line with inflation (whilst most pensions tend to remain fixed) |
| Re: Islamic Banking... |
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| Haseeba |
| 05/18/01 at 19:57:21 |
| ohk!! I found it in the dephths of my harddrive...its pretty long but inshllah u will be able to find at least some of theses books Bibliography Ahmad, Khurshid. Studies in Islamic Economics. Leicester, UK: The Islamic Foundation, 1985. Brown, Ken. “Islamic Banking: Faith and Creativity.” New York Times 3 Apr. 1994. Chapra, Umer. Towards a Just Monetary System. Leicester, UK: The Islamic Foundation, 1985. Dar, Humayon and Presley, John. “Islamic Finance: A Western Perspective.” Loughborough University. United Kingdom: 1999. Errico, Luca and Farahbaksh, Mitra. “Islamic Banking - Issues in Prudential Regulations and Supervision.” Working Paper of the International Monetary Fund. Washington: International Monetary Fund, 1998. Gertler, M. “Banking behind the veil.” The Economist Apr 1992: 49. Haque, Ul Nadeem and Mirakhor, Abbas. “The Design of Instruments for Government Finance in an Islamic Economy.” Working Paper of the International Monetary Fund. Washington: International Monetary Fund, 1998. MacArthur, Alan and Trotsenburg, Axel “The HIPC Initiative: Delivering Debt Relief to Poor Countries.” Working Paper of the International Monetary Fund. Washington: International Monetary Fund, 1999. Marston, David and Shabsigh, Ghiath. “Monetary Operations and Government Debt Management Under Islamic Banking.” Working Paper of the International Monetary Fund. Washington: International Monetary Fund, 1998. Martin. Josh. “Citibank Goes Islamic.” The Middle East Jul.-Aug.1996: 18-19. Sanger, David. “World Bank Finds U.S. and I.M.F. Made Asia Crisis Worse.” New York Times 3 Dec. 1998: 1-2 Siddiqi, Muhammed. Banking Without Interest. Leicester, UK: The Islamic Foundation, 1985. |
| Re: Islamic Banking... |
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| traveller |
| 05/20/01 at 12:44:39 |
| ALM Thanks for the suggestion BrKhalid. Thats a good idea. The only problem is that many scholars say that a mortgage is haram (interest payments) so one would have to save up a lot of money to purchase 2 properties. In the UK house prices are high!! Wasalaam |
| Re: Islamic Banking... |
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| BrKhalid |
| 05/20/01 at 13:25:51 |
| Asalaamu Alaikum ;-) [quote]Thats a good idea. The only problem is that many scholars say that a mortgage is haram (interest payments) so one would have to save up a lot of money to purchase 2 properties[/quote] I hear ya!!! But if you are in the UK there exists two Home Purchase Plans which are Shariah compliant. I've given you the link below. [url=http://www.iibu.com/index1.html]The Manzil Home Purchase Plans[/url] |
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