Top Islamic Websites

What are the banks that offer Islamic finance Options in India or UAE? Am residing in Dubai. I want to know any bank in India is offering NRI home loans offering Islamic (Murabaha) financing options? Islamic Banks here in th UAE which has this option does not seem to finance for home purchase abroad (in India) . Is there any bank here in UAE which offers this??Please help..

How can I start islamic finance in ethiopia?Do you know any one who cooperate with me?I have a good intention?

I am interested in banking and finance industry namely the Islamic banking and finance? Currently I hold a diploma in nursing and working in clinic full-time. Recently i have been thinking on a career switch to islamic banking and finance. How do i go about in obtaining a degree in islamic banking? Are there recognised and reliable institutes in Singapore offering such courses? Or do i have to get the normal banking and finance degree before diverting to Islamic banking?

I would like to study a short course in Islamic Finance, can anyone recommend something to me? Doesn't matter which country, main thing is it has to be fairly short. Any online degrees?

I have a presentation to talk about one of the Takaful Models in Islamic finance.? Can someone help me find a decent site?

What are the implications of Islamic Finance in Malaysia?

How to get an Islamic Banking/finance job in Dubai/UAE/Saudi Arabia? I am 34 year old Pakistani with MBA in (Banking & Finance) & International Marketing Plus one year PGD in Islamic Banking & Finance. I have over 12 years of work experience with 4 years in Islamic Banking. I am looking for a job in a well reputed Islamic Banking/financial institution. Please advise me regarding how to find the best job? what would be the cost of living with a family (wife, 2 sons below 5 years and my mother)? what should be considered a good salary package? Is there anyone who can help me in finding the desired job?

Does anybody know about Islamic Finance/Banking? Are there any Islamic Finance Institutions or Islamic Banks in NYC? Also, how do you get into a career in Islamic Finance or Islamic Banking?

Which UK or US universities offer distance learning MA or MSc courses in Islamic Finance/ Economics? I am looking for some reputed universities.

list of website of islamic finance institution in malaysia?

Whats the best course to get into Islamic Banking & Finance? I need a change of career, something a bit niche, I dont want to do a 3 yr degree course, maybe a year long thing, so i can become employable fairly soon, either here or Dubai, I do have a job in the city , but its being "dumbed down" ..... can i do this CIPA course in london? if so who does it/carries the course materials?

What procedures are followed in islamic banking.How do they finance without interest?

Where can i study MSc or MA in Islamic Finance & Banking In UK University ?

By accepting Islamic Finance System are we muslims fooling our selvs because it is other way around!? In somany countries like UAE, SAUDI ARABIA and many more muslim countries are opting for these institutions to open their islamic windows or complete sharia compliance banking but when you look in detailed manner you will find that these banks are actually fooling you charging more interest rates than conventional banking system kill you ! since it's got name sharia most of the muslims are investing in it you can ask their experiences it's so bad, actually what quran is saying is don't charge any intrest, if you want to help give zakat, sadaqa, qairaat no muslim will be poorer, o.k. we think practically and shellfishly live Islam behind just to show world that we are muslims even then this banking system is wrong in my view we need to work out about the lending rates, so called service charges, admin charges, profit sharing etc.,

What is Islamic Finance?

what is islamic finance and islamic banking?

Is Islamic banking involved in home finance?

What is the difference between Islamic Banking/Financing and conventional banking/financing?

Why The Government of India is not allowing the Interest Free Banking or Welfare banking (Islamic ) in India? Interest free banking is the welfare banking {Islamic banking and finance} is only for the welfare of the human-being not like the conventional banking which creep the blood and life of the mankind. All banks and financial institutions all over the world opening their Islamic banking window; this is for the human kind not for a special community and Islam always taken care the welfare of mankind

I want to study Islamic finance. Please mention some hadith books which are exclusively for Islamic finance.? and if you have authentic sources online..please forward links , thank you

what is the different between islamic home financing with conventional home financing?

How to find an advisor/program/university when looking to get a PhD? I want to get a PhD in Economics with a focus on Economic Development. I am especially interested in interest-free banking (similar to Islamic Finance/banking) but want to find an advisor at a University that would be a good fit for me. How do I go about finding the right program at the right University and the right advisor?

is it good to have a bba from malaysia than india? is it good to have a bba from malaysia than india? which university is good for bba in malaysia,what are my chances of getting selected in islamic inter univer of malaysia-ihave 60 percent in both 10 &12? how do you suggest that i do my bachelors in bba islamic finance from malasia and then mba from london?

Muslims Applying religion to Finance? http://www.youtube.com/watch?v=xsyWh1DLIUg What do you think of the influence of religion in finance? Does Islamic Finance offer less choice than conventional methods of investment? What products are on offer in the Islamic finance space?

What do you think of Islamic funds/banks ? what do you think is a Islamic bank fund and do you think it has a potential for expansion to non Islamic country's. if you need more clarification to what is a Islamic fund please ask! same question is in the personal finance section if you like to answer on a personal level. And i beg you don't make this into a hate post!

I know that taking or giving interest is haram. What about islamic financing? Is that okay?

Hey conservatives, can you please stop arming, training, financing Islamic terrorists? His Daddy and Reagan trained, armed, finnanced Bin Laden in the 80's. They also wussed out and gave arms to Iran. They also CUT and RAN when Hezbollah killed almost 300 Marines in a bombing in Lebanon. Reagan and Bush gave Chemical weapons to Saddam. The Bush's are best friends with the Saudi Royal family, the same family which has given tons of cash to support terrorism. The Bush's and the Bin Ladens went into investments with one another (Carlyle Group). 9/11 happened on Bush's watch. George Tenant the head of the C.I.A begged Bush to look into suspected terrorists who were taking flying lessons but didn't want to know how to lift or land a plane. This was 6 months before 9/11, Bush ignores Presdent Daily Brief which on the front said "Bin Laden Determined To Attack U.S.". 9/11/01 America is hit and operation Bush is an idiot so blame Clinton goes in affect. Bush attacks Iraq because Bin Laden attacked us. Do you think conservatives will stop helping terrorists? to cool breeze I agree, this is stuff you learn in high school. Hell they admit they started terrorism movements. I mean it's in the 9/11 report, high school text books, pbs has had it on for a hundred times. Then you have news week, time magazine.

Should the USA push sanctions against the UK for funding muslim terrorists? Apparently, the UK is funding terrorism, and it is shameful!!!! "London Becomes Islamic Finance Hub" http://en.epochtimes.com/news/8-2-14/65890.html We should press for sanctions against the United Kingdom right now, the blood of innocent Americans is on their hands, and I call upon president Bush to use the threat of war to ensure this is stopped.

question on islamic women and finances? technically in islam a man is responsible for financially supporting his wife. what i was wondering is in practice is this stilll practically possbile or do the women sometimes end up supporting them selves of helping themsevles to i think some of you may have misunderstood the question i know that muslim women work but i was wodnering even though they dont have to under islam do they still soemtimes pay the bills even though men should under islam

How to stop tightening grip of Wahhabism over Kosovo and its spreading in Europe ? Wahhabis are allegedly paying poor people to wear visible signs of Islam. According to local sources the alleged rate today varies from 100 Euro to 300 Euro per month depending on how much of face or body is covered in Islamic clothing. Money talks and it sure does as is evident with its contribution to the replacement of moderate Islam in Kosovo with the financing of Islamic studies trips for youngsters. After a stint of such religious learning abroad in Saudi Arabia or Egypt, lasting around six to 12 months, the youngsters upon returning back in Kosovo sport Islamic beards and robes instead of their jeans. The mix of Saudi Wahhabism with their oil money is proving dangerous to the world. http://www.savekosovo.org/default.asp?p=4 to captainA: You are deliberately forgetting, that Kosovo IS Serbia and that is OUR problem.

Why do Americans prefer dealing with consequences of problems instead of preventing them in the first place? For example, instead of preventing diseases, we prefer to treat them after they already happen. Instead of preventing crime we prefer to punish the criminals after they already committed crimes. Instead of preventing Islamic terrorism (for example, by financing more tolerant groups within Islam) we prefer to fight the terrorists after they attack us. Why is that?

Dear fellow Americans, r u aware that the money we spend on gas is used to finance terrorism around the world? Arab countries are the financial center of global Terrorism. They use their oil revenues to fund Islamic terrorist organizations around the world. We can hit out at Global Terrorism by moving on to new, cleaner & technologically superior energy sources such as Hydrogen in fuel cells & encourage their use (Toyota has already developed a prototype & the technology is real & promising). It will reduce pollution, increase efficiency, reduce our dependence on Arab countries & above all hit out at the nerve center of global Terrorism. What do u think?

Why should AMERICAN TAX PAYERS help ISLAMIC COUNTRIES who hate our guts? Why the heck do we spend one dollar in Iraq when they all hate us and out culture? It makes little difference if they pretend to be deomcratic...and it appears most or enough Muslims dont even want the appearance of it. So why finance this? Even if the did want it...why give Muslims, who hate out f*** guts and our culture more intensely than you can possibly imagine, the success of a democratic government? Why do they deserve that and if we give it to them, how does that help us if they will just elect a hamas as in gaza or a iranian hostage terrorist as in Iran? Its a lose-lose...we are throwing good money after bad. f*** it! and F** them. F*** occupation...the only response I want to future Islamic attacks is BOMBS...NOT TROOPS...BOMBS...AND YOU BETTER BELIEVE I SUPPORT NUKES...100%

Why US finances Israel with billions of dollars on expense of taxpayers & intersts with Arab & Islamic world? 1. America gives billions of dollars in annual aide to Israel. Which comprises 30% of total foreign aide? 2. Totals 99,325.60 Billion dollar since 1950s 3. This aide promotes the illegal occupation of Palestinian land in order to establish settlements for Jewish immigrants 4. Transforms Palestine into a military test ground 5. Violates US Law and abuses human rights 6. Inflicts great economic losses upon the American people. 7. Increase hostility and attacks against American intersts & people.

is dr. anwar ibrahim helping pas party to set up an islamic state in malaysia? THE MALAYSIAN ISLAMIC PAS PARTY CAN ONLY WIN IN KELANTAN, TERENGGANU, PERLIS AND KEDAH. THIS HAS BEEN GOING ON SINCE MERDEKA IN 1957. THE PAS PARTY CANNOT WIN SUCH STATES AS PENANG, PERAK, SELANGOR, NEGRI SEMBILAN, MALACCA, JOHORE, PAHANG, SARAWAK, SABAH. AND KUALA LUMPUR BECAUSE IT IS UMNO ZONE. THE RECENT 12 MALAYSIAN GENERAL ELECTION HAS CHANGE THE MIND OF MALAYSIAN PEOPLE THAT ONE DAY THE PASS PARTY WILL CAPTURE THE FEDERAL GOVERNMENT. CURRENTLY, 3 STATES SUCH AS KELANTAN, KEDAH AND PERAK ARE CONTROL BY PAS PARTY. IT IS POSSIBLE FOR PAS PARTY TO GRAP KELANTAN, TERENGGANU, PAHANG, PERLIS, KEDAH, PERAK, SELANGOR, NEGRI SEMBILAN, MALACCA AND JOHOR AT THE 13 GENERAL ELECTION OR 2013 AD? IT IS DIFFICULT FOR PAS PARTY TO GRAP PENANG, KUALA LUMPUR, SARAWAK, AND SABAH BECAUSE THE PEOPLE IN THIS STATE BELONG TO TO CHINESE, DAYAK AND KANDASAN? HENCE, IN THE 13 GENERAL ELECTION IT IS POSSIBLE FOR PAS PARTY TO GRAP ALL 10 STATES IN MALAYSIA. THE MAN RESPONSIBLE FOR THIS PAS PARTY RISE TO POWER IS DR. ANWAR IBRAHIM. DR. ANWAR IBRAHIM WAS THE "MOLE" IN THE UMNO GOVERNMENT FROM ABIM INSTITUTION? DR. ANWAR IBRAHIM BECOME THE ACTING PRIME MINISTER OF MALAYSIA. HENCE, DR. ANWAR IBRAHIM KNOW THE IN AND OUT OF UMNO AND MALAYSIA. ALL THIS WHILE PEOPLE THOUGHT HE WAS A PUSSY CAT BUT NOW HE IS LIKE A WOUNDER TIGER. DR. ANWAR IBRAHIM PLAN TO TAKE REVENGE ON THE ROYAL MALAYSIAN POLICE AND UMNO WHEN HE COME TO POWER. THIS IS NATURAL INTINCT IN HUMAN IF YOU HAVE BEEN ABUSE BY THEM AND YOU WANT TO SETTLE SCORE EITHER SECRETLY OR OPENLY. WE CAN LEARN SOMETHING FROM MALAY HISTORY AND IT CAN BE REPEATED AGAIN IN MODERN TIME. SO WHEN HANG JEBAT THOUGHT THAT HANG TUAH WAS DEAD HE DECIDED TO TAKE REVENGE ON HIS ENEMIES BUT LATER HANG TUAN CAME FROM FROM EXILE AND DEFEAT HANG JEBAT. IN THE SAME VEIN, THE 9 SULTANS SUPPORT DR. ANWAR IBRAHIM AND THEY ARE KEEPING THIER DISTANCE FROM DR. MAHATHIR. IF DR. ANWAR IBRAHIM CAN GET 30 EXTRA SEAT THEN HE COULD FORM A GOVERNMENT AND TAKE REVENGE ON HIS ENEMIES LIKE WHAT HANG JEBAT DID LONG TIME AGO. IN IRAN WHEN THE SHAH WAS DEFEATED THE AYATOLLAH SETUP A 20,000,000 REVOLUTIONARY GUARDS TO TAME THE ARMY AND POLICE. IF THERE ARE 300,000 SOLDIERS AND 300,000 POLICE THEN 20 MILLION COULD TAME THEM TO TAKE ORDERS. IRAN HAS ABOUT 60,000,000 TO 70,000,000 PEOPLE AND THESE 20 MILLION IS ABOUT 30% OF THE TOTAL POPULATION. SO IT IS POSSIBLE THAT WHEN PAS PARTY COME TO POWER IN MALAYSIA, THEY WILL SETUP A REVOLUTIONARY GUARDS OF 10,000,000 PEOPLE. THIS IS ABOUT 30% OF THE MALAYSIAN POPULATION OF 30,000,000 PEOPLE IN THE NEAR FUTURE. MALAYSIAN POPULATION IS ABOUT 28,000,000 PEOPLE OR NEAREST TO 30,000,000 PEOPLE IN THE NEAR FUTURE? DR. ANWAR IBRAHIM HAS TRY BRINGING IN 100,000 SUPPORTERS TO CHALLENGE THE 100,000 POLICE IN MALAYSIA BUT IT DID NOT WORK. I CAN UNDERSTAND THAT HE IS NO DR. ALBERT EINSTEIN? In his paper on the mass–energy equivalence (previously considered to be distinct concepts), Einstein deduced from his equations of special relativity what later became the well-known expression: E = mc2, suggesting that tiny amounts of mass could be converted into huge amounts of energy. (Einstein 1905e) DR. ALBERT EINSTEIN USE E = mc2 TO PRODUCE THE HYDROGEN BOMB OR IN SIMPLE ENGLISH A MASS OF SAND IF HEATED UP COULD BE TURN INTO A EXLOSIVE DEVICE? SO, DR. ANWAR IBRAHIM MUST HAVE USE DR. ALBERT EINSTEIN FORMULAR TO CONFRONT THE MALAYSIAN GOVERNMENT AND ITS INTITUTIONS OF FEAR? HENCE, HIS FORMULAR IS THAT 6,000,000 DEMONSTRATORS CAN TOPPLE THE GOVERNMENT OVERNIGHT AS HAD HAPPENED IN IRAN? MR=AG OR MAJORITY RULE EQUAL SOUTH AFRICAN GOVERNMENT 6D=IG ( 6,000,000 DEMONSTRATOR CAN TOPPLE IRAN GOVERNMENT) BUT THIS TIME HE HAS ABOUT 5,000,000 SUPPORTERS TO CONFRONT THE 100,000 POLICE PEOPLE. DR. ANWAR SAID THAT HE HAS ASK HIS SUPPORTERS NOT TO CELEBRATE UNTIL HE IS ELECTED MEMBER OF PARLIMENT IF I AM RIGHT OR MAYBE EARLY? IF DR. ANWAR IBRAHIM CAN BRING 5,000,000 PEOPLE ON THE STREET OF KUALA LUMPUR THEN THE MALAYSIAN GOVERNMENT COULD BE TOPPLE OVERNIGHT. IT DOES NOT MAKE SENSE FOR THE 100,000 POLICE TO KILL 5,000,000 PEOPLE. THIS IS ONE OF THE REASON WHY A MILITARY COUP IS THE ONLY OPTION LEFT FOR THE UMNO GOVERNMENT. THE MAN WHO WILL LEAD IT COULD BE DR. MAHATHIR MOHAMAD. IN SIMPLE ENGLISH IF UMNO DOES NOT MAKE DR. MAHATHIR PRESIDENT OF MALAYSIA THEN A MILITARY COUP WILL DO IT. DR. MAHATHIR IS NOT THAT STUPID TO GO TO PRISON UNDER DR. ANWAR IBARAHIM GOVERNMENT. I THINK DR. MAHATHIR IS FIGHTING FOR HIS SURVIVAL WITH EVERYTHING HE GOT IN HIS BRAIN POWER. UMNO CAN BE CALLED THE TAMING SARI KRIS OR TAMING SARI SHORT KNIVE. ANYBODY WHO CONTROL UMNO AUTOMATICALLY CONTROL THE GOVERNMENT OF THE NATION. UMNO CONTROL ABOUT 79 SEAT OR 35% IN PARLIAMENT. IN BUSINES CIRCLE IT IS CALLED A TAKEOVER IF YOU HAVE 33.3% OF THE SHAREMARKET. CURRENTLY, DR. ANWAR IBRAHIM CONTROL PARTY KEADILAN WHICH HAS ONLY 28 SEAT IN PARLIAMENT. THE IDEA OF MALAYSIA TURNING INTO A TALIBAN NATION LIKE AFGHANISTAN IS A POSSIBILITY IN THE NEXT GENERAL ELECTION. THE OPPOSITION HAS WON 47.8 % OF THE POPULAR VOTES AND THIS MEAN THAT NEARLY 5,000,000 MALAYSIAN PEOPLE ABOVE THE AGE OF 21 YEARS OLD SUPPORTED THE OPPOSITION PARTIES. THE TOTAL MALAYSIAN VOTERS IS ABOUT 10,000,000 TO 11,000,000 VOTERS. THE TOTAL MALAYSIAN WORKFORCE IS ABOUT 11,000,000 PEOPLE. IF 5,000,000 MALAYSIAN PEOPLE REJECTED THE GOVERNMENT THEN THERE IS SOMETHING WRONG WITH THE PRICE OF GOODS BECAUSE THE 5,000,000 WORKERS NEED SALARY INCREASE TO BUY THESE GOODS FOR THEIR FAMILY MEMBERS. THE GOVERNMENT MUST COME UP WITH GOOD PLAN TO BRING PRICE OF GOODS DOWN AND THIS IS THE WAY TO WIN THE NEXT GENERAL ELECTION. MAJORITY OF THE VOTES COME FROM THE LOWER INCOME GROUP. THE UPPER CLASS FORM 1% OF THE POPULATION OR 1,000,000 PEOPLE THE MIDDLE CLASS FORM 24% OF THE POPULATIN OR 3,00,000 PEOPLE THE LOWER CLASS FORM 75% OF THE POPULATION OR 7,00,000 PEOPLE THE UPPER CLASS AND MIDDLE CLASS THEY COULD BEAR THE COST OF LIVING BUT FOR THE LOWER CLASS THEY CANNOT HAVE FOUR MEALS A DAY. THIS INVOLVED BREAKFAST, LUNCH, DINNER AND SUPPER? IN RURAL AREAS OF MALAYSIA THE MALAY RACE HAVE ONLY ONE MEAL A DAY. THIS IS CALLED THEIR LAST SUPPER? (MR MARTIN JALLEH FROM COMSUMER ASSOCIATION OF PENANG. AS IT STAND NOW THOSE SPM, COLLEGE, DEGREE, MASTER AND PHD ARE GETTING SALARY SOMETHING LIKE THIS: SPM = RM 1,000 COLLEGE = RM 2,000 DEGREE = RM 3,000 MASTER = RM 4,000 PHD = RM 5,000 THE NEW SALARY INCREASE SHOULD BE DOUBLE? SPM = RM 2,000 COLLEGE = RM 4,000 DEGREE = RM 6,000 MASTER = RM 8,000 PHD = RM 10,000 THIS IS FAIR BECAUSE SINGAPOREAN ARE GETTING THIS NEW SALARY AND MALAYSIA IS 50% BEHIND TIME. HENCE, EITHER THE GOVERNMENT REDUCE THE PRICE OF GOODS WITH SUBSIDY OR DOUBLE THE SALARY FOR THE 11,000,000 WORKERS BY HOOK OR CROOK? IF THE GOVERNMENT SPEND ABOUT RM 40,000,000,000 ON 1,000,000 CIVIL SERVANT THEREFORE IT WILL COST THE COUNTRY ABOUT 44O,000,000,000 OR HALF A TRILLION RINGGIT. THE GNP OF MALAYSIA IS ABOUT RM 600,000,000,000 THE PRIVATE WEALTH OF MALAYSIA IS ABOUT RM. 1,200,000,000,000 THE NATURAL RESOURCES OF THE NATION IS ABOUT RM 600,000,000,000 MALAYSIAN GNP 1,200,000,000,000 MALAYSIAN PRIVATE WEALTH 1,800,000,000,000 MALAYSIAN NATURAL RESOURCES ============== 3.600,000,000,000 MALAYSIA TOTAL WEALTH ACCORDING TO VOICE OF AMERICA.. ============== RM 3,6 TRILLION RINGGIT? ONE WAY GIVE DOUBLE PAY TO ALL WORKERS NUMBERING 11,000,000 IS TO BRING IN 5,000,000 ARAB TOURIST OR 400,000,000 ARABS? THE ARAB WORLD HAS A TOTAL WEALTH OF US$ 4,000,000,000,000 OR US$ 20,000,000,000,000? DERIVATIVE MARKET WORLDWIDE IN 2006 IS WORTH US$ 100 TRILLION DOLLARS OR US$ 100,000,000,000,000. SO, YOU SEE THERE IS ALOT OF MONEY IN THE MARKET TO SUSTAIN THE MALAYSIA DOUBLE PAY RISE OF RM 440 BILLION RINGGIT? http://www.youtube.com/watch?v=HOLH63c7SG0 http://www.youtube.com/watch?v=Uqxo1SKB0z8 http://en.wikipedia.org/wiki/Malaysian_general_election http://en.wikipedia.org/wiki/Hang_Tuah http://en.wikipedia.org/wiki/Taliban http://www.statistics.gov.my/english/frameset_keystats.php?fid=d http://search.yahoo.com/search?p=AYATTOLAH&fr=yfp-t-501&toggle=1&cop=mss&ei=UTF-8&fp_ip=MY&vc= http://en.wikipedia.org/wiki/Albert_Einstein http://finance.google.com/group/google.finance.694653/msg/ff29df181e635538?dmode=print

What is the Islamic way of banking? i mean dealing with finances and am not just talking about Zakat! please give references for your answer! maria that is from wikipedia, there is islamic bank in pakisa\tan alhabib but again my concern is that islam forbids interest so how come the islamic banks deal with it, JUST WANT TO KNOW! JAZAKALLAH FOR INFO THOUGH!

What is Halal Logistics? Halal Market Islamic Finance Islamic Business

U.S. sponsors Islamic convention? The Justice Department is co-sponsoring a convention held by the Islamic Society of North America (ISNA) — an unindicted co-conspirator in an ongoing federal terrorist funding case — a move that is raising concerns among the Justice's rank and file. Justice lawyers have objected to the affiliation with ISNA, fearing it will undermine the case against the Holy Land Foundation for Relief and Development in Dallas. "There is outrage among lawyers that the Department of Justice is funding a group named as a co-conspirator in a terrorist financing case," said a Justice lawyer who spoke to The Washington Times on the condition of anonymity. See link - http://www.washingtontimes.com/apps/pbcs.dll/article?AID=/20070827/NATION/108270070/1001 Question - What are your thoughts ?

What is it that the Saudi Wahhabis have against Shia Iranians? I mean they are trying to stir up our brother and sunnis against us...They are using the plight of "the Iranian expansionist policy" to convey a false message of hatred, and cause sunnis to join them in their meaningless campaign.... They have been very well known to finance terrorist organizations, as well as other enemies of the Islamic world...Thankfully atleast they have finally started receiving setbacks at the hands of positive Hezbollah influence over the region... Sunnis have to comprehend the fact that Wahhabis are collaborators of our enemies - and the way to Islamic unity can only be followed if Shias and sunnis finally co operate ...

When did Christians decide charging interest was OK? Everyone knows that Jews were/are resented for being moneylenders, and Islamic finance does not involve interest. When and why did Christians decide that interest was just not a religous issue? Sorry!!-I wasn't looking to offend anyone, I was just wondering if there was an edict etc. at some point or it was just a de facto type deal. That's all!

what is incoherent pietiesm? islamic finance and incoherent pietiesm

Does anybody know about Islamic Finance/Banking? Are there any Islamic Finance Institutions or Islamic Banks in NYC? Also, how do you get into a career in Islamic Finance or Islamic Banking?

Muslims living in the USA? Is anyone here from the USA? I was just wondering what the housing situation is there for muslims who wish to buy their first home without getting a mortgage. I live here in the Uk and it's very difficult for muslims to buy a house. Either you have to live on rent or buy with cash which is almost impossible. Most famous scholars dont agree with Islamic Finance at all, and the ones that do, ive never heard of them! There are 2 banks which provided a shariah compliance finance. This is basically you getting finance from them to buy a house, which is on both your name and the finances name. You live in the property and 80% of payment is classed as rent to them and 20% repayment is for you buying the house from them. Over the years the rent decreases as the house is more percentage of your's. You can sell your house when you like, and you can pay as much money as you can so your not in a commitment for a certain amount of years. What do muslims do in the USA? they call it rent! lol but i guess it is another word for interest if you think about it!

grameen banking-micro finance -helper of the poor? is this really helping the poor, by training them skills and livelihood projects then providing them loans with interest as capitals with NO collaterals. But in order to get a loan, one has to at least have 10 or more persons to serve as co makers or guarantors in case one fails to pay. This is pure and simple banking scheme to get revenues, no different to lending corporations with collaterals. What if the borrower's business suffered losses due to poor sales, robberies, disasters or natural calamities, he still has to pay the principal amount plus interest, worst, sell his meager property or provide services to put off the debt, the more he is stacked in poverty.Why not instead of the bank lending, it join hands with the"borrower" in doing business as partnership or joint venture status, and agree on a profit and loss sharing condition, a win-win situation? This is supposed to be how islamic banking works and i thought muhammad yunus is a muslim. maj....ummm, helping, banking,not charity, yes, agree. But why the nobel prize, it's the same with other commercial banks,only, the others did not give thoughts on this tactics, guerilla type.In fact, bangladesh is predominantly muslim, and interest charges in any transaction is considered"haram"forbidden, a grave sin, unless he is not a muslim.Why didn't they offered partnership or joint venture instead?

Could this be the Change obama speaks of and the reason he cant talk about what change???? Kenya a Microcosm for Future Events The battles occurring in Kenya are a microcosm of the future battles that will occur in the West and the United States elections as we witness the growth of Leftist/Marxist – Islamist Alliance striving to achieve “Change” and create a New World Order leading the formation of global Islamic kingdom of God. Whether it is by economic means through the formation of Islamic finance and economics and acquisition of Western assets via the Sovereign Wealth Funds (SWFs), military and political action, or terrorism, the goal is the same. The growth of Islamic Financial institutions and their Sovereign Wealth Funds applying Shariah law should be an early warning to this growing trend. See also: Sovereign wealth rules Financial Times, January 21, 2008. http://atlasshrugs2000.typepad.com/atlas_shrugs/2008/02/obama-backing-i.html

grameen banking-micro finance -helper of the poor? is this really helping the poor, by training them skills and livelihood projects then providing them loans with interest as capitals with NO collaterals. But in order to get a loan, one has to at least have 10 or more persons to serve as co makers or guarantors in case one fails to pay. This is pure and simple banking scheme to get revenues, no different to lending corporations with collaterals. What if the borrower's business suffered losses due to poor sales, robberies, disasters or natural calamities, he still has to pay the principal amount plus interest, worst, sell his meager property or provide services to put off the debt, the more he is stacked in poverty.Why not instead of the bank lending, it join hands with the"borrower" in doing business as partnership or joint venture status, and agree on a profit and loss sharing condition, a win-win situation? This is supposed to be how islamic banking works and i thought muhammad yunus is a muslim. hafiz.out of my ignorance of the banking system worldwide, even with islamic banks,i supposed im not in that position. islamic banks earn their income from different services offered to clients but not from charging interest to loans to borrowers. They get a certain percentage from acting as brokers between those who deposits their money in that bank and to those who borrow. They come into agreements as to transact business in a joint venture or partnership form, sharing in whatever outcome of the dealings, where they may earn more to their deposits than on a regular basis interest., but they may also loss some of their deposits if matters are not favourable. Matter of fact, you are correct in stating banks in islamic countries do charged or give interest to borrowers or depositors, like any western oriented bank, but islamic banks offer some special services to devout muslim depositors who wish not to transact in such. In countries where muslims get interest, they give it to charity

grameen banking-micro finance -helper of the poor? is this really helping the poor, by training them skills and livelihood projects then providing them loans with interest as capitals with NO collaterals. But in order to get a loan, one has to at least have 10 or more persons to serve as co makers or guarantors in case one fails to pay. This is pure and simple banking scheme to get revenues, no different to lending corporations with collaterals. What if the borrower's business suffered losses due to poor sales, robberies, disasters or natural calamities, he still has to pay the principal amount plus interest, worst, sell his meager property or provide services to put off the debt, the more he is stacked in poverty.Why not instead of the bank lending, it join hands with the"borrower" in doing business as partnership or joint venture status, and agree on a profit and loss sharing condition, a win-win situation? This is supposed to be how islamic banking works and i thought muhammad yunus is a muslim.

Any one know that the John Doe bill has been passed? After nearly a week of intense, behind-the-scenes wrangling, congressional negotiators late Tuesday agreed to include in the pending Sept. 11 security bill sweeping liability protections for citizens who report suspicious activity they fear might be linked to terrorism. Thanks to courageous, principled and tenacious efforts by key legislators like Rep. King and Sens. Lieberman and Collins, the American people are going to be free to do their part in the War for the Free World – serving as indispensable eyes and ears for those trying to protect us against terrorism – without fear that the likes of CAIR will be suing them for doing so.” language will provide protection against the sorts of harassment lawsuits filed by the Council on American-Islamic Relations (CAIR) after several unidentified individuals reported six Muslim imams engaged in suspicious – and frightening – behavior prior to boarding a USAir flight in November 2006. CAIR has been identified as a front organization for organization for the Muslim Brotherhood and is an un-indicted co-conspirator in an alleged terrorism-financing plot.

Exactly how have the Saudis promoted Islamic terrorism? Brisard, a private intelligence analyst who once worked for the French conglomerate Vivendi, compiled a report in 1997 on the financing behind the al-Qaida network. In this report he said: "It's a political question for them. They have to support those religious fundamentalists because they are a large part of the regime of the kingdom and they need them to survive politically. Wahhabism, the Saudi form of Islam, is one of the harshest forms, and bin Laden is a product of his country." There are many practices that the Wahhabis believe are contrary to Islam, such as: * Listening to music or watching television * Listening to radio * Photographs or drawings of human beings or other living things which contain a soul. It is true that these are extremist views, in the modern world but how does this equate to terrorism? How believable is this and why? http://dir.salon.com/story/politics/feature/2002/02/08/forbidden/print.html?pn=1 http://en.wikipedia.org/wiki/Wahhabism

What is the relationship between 911 and Saddam?

When the next terrorist attack occurs here in America. Who will you blame? When the next Islamic terrorist plot to disrupt our economy and inflict massive civilian casualties manages to slip through the nets of the DHS or the FBI, I have entertained the fantasy that maybe some of our Leftist liberal “friends” here in America will finally wake up to the realization of that which we face. I am normally an optimist but I am afraid that the stiff-necked people of the Left will stand proudly resolute in their ignorance and denial. Some may have that light bulb pop on but most will probably blame it on President Bush and America and Christians and… Still others will see it as an opportunity to loot and take shots at the police, like they did in New Orleans. Will it be: Bush America's past transgressions (a la Ward Churchill) Will you blame Christians and the "Crusades" Or will you blame those who instigated, financed, planned & committed it? zeldarblomqar – because this obsession with OBL is mind numbing. He is a little player in the bigger picture. Please, educate yourself. Start here: http://www.discoverthenetworks.org/groupProfile.asp?grpid=6386 Founded in 1928 by the Egyptian activist Hasan al-Banna, the Sunni Muslim Brotherhood is one of the oldest, largest and most influential Islamist organizations. Egypt has historically been the center of the Brotherhood’s operations, though the group maintains offshoots throughout the Arab-Muslim world -- including in Afghanistan, Bahrain, Iran, Iraq, Jordan, the Palestinian territories (Hamas), Saudi Arabia, Syria, and Sudan -- and is also active in the United States and Europe. Islam expert Robert Specer has called the Muslim Brotherhood "the parent organization of Hamas and al Qaeda."

Non-Muslim: Is there any religion that taught financial? I know for Islamic Shari'ah, there are: -Islamic Banking -Islamic Funding Structures And Financing Vehicles -Islamic Investment etc. How 'bout other religion? In Islam it says: ..be anxious about the God Kingdom but never leave the dunya (world live) "Do good deeds as if you will die tomorrow. Seek for wealth as if you will live forever"

what is the difference between Islamic banking& finance and other banking & finance? thank you!!!?

PBS Censors Islam vs. Islamists? Why won't they let the moderates speak? I would love to hear from the moderates, as my impression of this religion has really gone bad over the past few years. Yet, our publically funded broadcast system has silenced them. Why? ------------------------------------------------------------------------------ Producer: PBS dropped 'Islam vs. Islamists' on political grounds Dennis Wagner The Arizona Republic Apr. 10, 2007 12:00 AM The producer of a tax-financed documentary on Islamic extremism claims his film has been dropped for political reasons from a television series that airs next week on more than 300 PBS stations nationwide. Key portions of the documentary focus on Dr. M. Zuhdi Jasser of Phoenix and his American Islamic Forum for Democracy, a non-profit organization of Muslim Americans who advocate patriotism, constitutional democracy and a separation of church and state. .. http://www.azcentral.com/news/articles/0410crossroads0410.html

What is it about America that makes it 100 times better than every other country?

Can you tell me about Islamic banking and finance? thank you!!!!?

401k And Islam? Hi, I need some help here every one. I am contributing into my 401k but recently i find out that Islamic principles require that investors share in profit and loss, that they receive no usury or interest, and that they do not invest in a business that is not permitted by Islamic principles. Some of the businesses not permitted are liquor, wine, casinos, pornography, insurance, gambling, pork processing, and interest-based banks or finance associations. The Funds do not make any investments that pay interest. In accordance with Islamic principles, the Funds shall not purchase bonds, debentures, or other interest paying obligations of indebtedness. Now i would like to take hardship on my 401K and put int funds that are designed for Muslim or if you have any idea please let me know. THanks-

Halal mortgage in India... Is there any? Is there any bank or finance institute that gives loan on the basis of Islamic shariyah?

need your help? my uni has offered subjects in the masters in economics are compulsory are 1.international economics 2.monetary economics optional subjects are 1.methametical economics 2.econometrics 3.developmental economics 4.Human resources magement 5.Islamic economics they refused to include the other subjects like finance and stabilization what do u think should i join masters in economics,are those 5 subjects better?which 3 subject should i choose as an optional from the above 5 Remember i am interested in banking field or other multinational compamies like uniliver etc teme what to do or should i join 1 year certificate course in I.T which includes well diploma in I.T includes 1.Introduction to I.T 2.Office automation and internet 3.Methametics1 4.Methametics2 5.Data structure & c++ 6.Data communication 7.Java programming 8.concept RDBMS,Oracle SQL&PL/SQL 9.Oracle database Administration 10.Business Communication and skills 11.Windows NT 12.Operating System UNIX In future my mind is towards banking side or like in call centers,in jobs posts some banks or call centers needs computers skills also.....and i don't know which skills they are talking about...i just wanna to know will Diploma in I.T course help me in banking,businessor as a call center agent ,also in future my MBA wld be in Human resources mangement not in MIS

What Is Islam? This Islamic guide is for non-Muslims who would like to understand Islam, Muslims (Moslems), and the Holy Quran (Koran). It is rich in information, references, bibliography, and illustrations. It has been reviewed and edited by many professors and well-educated people. It is brief and simple to read, yet contains much scientific knowledge. It contains the whole book, A Brief Illustrated Guide to Understanding Islam, and more. The contents of this guide follow. http://www.islam-guide.com Recitation Quran: http://www.coran.cc Lariba Finance: http://www.lariba.com

What Is Islam? This Islamic guide is for non-Muslims who would like to understand Islam, Muslims (Moslems), and the Holy Quran (Koran). It is rich in information, references, bibliography, and illustrations. It has been reviewed and edited by many professors and well-educated people. It is brief and simple to read, yet contains much scientific knowledge. It contains the whole book, A Brief Illustrated Guide to Understanding Islam, and more. The contents of this guide follow. http://www.islam-guide.com Recitation Quran: http://www.coran.cc Lariba Finance: http://www.lariba.com

Do we really want the truth about 9/11? Do we want to find and punish those responsible, or are we willing to simply capture someone, ANYONE, just to be able to say we did? And NO - I AM NOT SAYING THAT THE U.S. GOVERNMENT IS RESPONSIBLE FOR IT. So all you wackos who will assume me to be a conspiracy theorist, go peddle crazy somewhere else. I'm talking about the Islamic terrorists responsible for the conception, planning, financing and execution. Idiot: Spin doctor? What is it that you think I'm trying to say? I never said he wasn't involved. I'm just remarking on the attitude that "Great, now we've punished the one person responsible! WOO HOO! WE ROCK!" Your name describes you to a T. Robby's - I have never said he wasn't involved.

Should we give money to poor ppl? ZAKAAT (Alms) Ramadan is the month of giving and benevolence, the Messenger was more benevolent than a falling rain. Muslims are encouraged to emulate the Messenger of Allah (saas), to assess and pay their Zakaat during the month of Ramadan, thus combining the two pillars of Islam at the same time. Zakaat (alms) is the name of what a believer returns out of his or her wealth to the neediest of Muslims for the sake of the Almighty Allah. It is called Zakaat because the word Zakaat is from Zakaa which means, to increase, purify and bless. Who Should Give Zakaat The obligation of Zakaat is mandatory on every Muslim who possesses the minimum Nisaab, whether the person is man, woman, young, old sane or insane. Because the proof of Zakaat in Al-Qur`an and Sunnah is general and does not exclude young or insane. Allah (SWT) stated that: "Of their goods take alms so that thou mightiest purify and sanctify them..." (Al-Qur`an, 9: 103) Imam Ibn Hazim said that every Muslim young or old sane or insane needs to cleanse his or her wealth with Zakaat because of generality of the evidence. Anas bin Malik reported that the Messenger of Allah (saas) said: "Trade with the money of the orphan, lest it is eaten up by Zakaat." (At-Tabraani) In another Hadith `Amru bin Shuaib related from his grandfather that the Messenger of Allah said: "Whoever is entrusted with money of an orphan should trade with it and should not leave it sitting to be used up by charity." (Tirmidhi) The point of reference in these reports is that the Messenger (saas) urged the trustee on the estate of people who due to age or other reasons cannot manage their own financial affairs, to invest it in a business that will yield a return and make it grow until they are in a position to do so themselves. For, if proper investment is not made with an ophan's inheritance, it will be depleted by charity, thus leaving the orphan with little or nothing. The Nisaab The Lawgiver, Allah has prescribed the minimum amount that is obligatory for Zakaat in different ranges of properties, and that minimum amount is known as nisaab. The reason for nisaab is to ensure that no one is forced to give Zakaat out of what he or she does not have, and that no wealth goes without Zakaat. Nisaab is also an insurance against the tyranny of the state to tax the poor and or the neediest as is the case in many countries. Nisaab is a reference point for the average Muslim who is not sure whether he possesses the minimum wealth on which Zakaat is obligatory. The wealthy need not worry about the Nisaab. Zakaat is obligatory on their entire wealth and must be paid out at the end of financial year that they set for their Zakaat. The Nisaab will not be valid unless it fulfills two conditions: 1) The amount that has reached Nisaab must be the excess or surplus known as "faadil" from one's essential needs such as food, clothing, housing, vehicles, tools and machinery that is used in business. The essentials for living are exempted from Zakaat. Although what constitutes nisaab may change from one country to another, the amount that is needed for the basic needs of living in different countries is very similar, because the market place determines the prices, whether it is an official market or a non-official market. In the poorest countries people do without or live below the poverty standard, and that is why many go hungry or without basic essentials. However, we must realize that Zakaat is an act of worship (ebadah) like Salaat. The element of intention (niyyah) is necessary, and we should not overly rely on state agencies to determine for us the requirements of our religious duty. The so called the "consumption basket" (that is poverty level as determined the social security administration which are updated every fiscal year) may not be the same as what Islam considers minimum Nisaab. In the industrialized countries, the consumption basket may include items that are not necessarily essential, such as entertainment, extra clothing, variety of food, eating in restaurant or eating at home, owning more than one car as opposed to having three cars in the driveway, drinking water as opposed to juices, eating regular food or special "health" food. This is why I believe it is essential that we do not lose site of the fact that Zakaat is ebadah of wealth, like salaat and fasting. Non Muslims may consider all the things mentioned above as essentials while Muslims will not. Indeed, no Muslims in good standing will attempt to hide behind the label of consumption basket so as to evade Zakaat. Nisaab eliminates the possibility of injustice or unfair treatment of the Zakaat payer. To suggest that if we do not follow the rules of International Monetary Fund or the arbitrary figures of social security administration or department of agriculture we will be doing injustice to the Zakaat payer is ludicrous. 2) Nisaab must mature, that is the money is not liable for Zakaat unless it has remained a full year in the possession of a person. This is the understanding of the majority of the scholars. Imam Abu Hanifah (raa) said: "What should be considered is the existence of nisaab at the beginning and the end of the Zakaat year set by the payer". It does not matter if the nisaab money increases or decreases during the calendar year, as we will explain later. This condition does not include farm produce, for it is due on the day it is harvested. Allah (SWT) stated: "... But render the dues that are proper on the day that the harvest is gathered..." (Al-Qur`an, 6: 141) According to Imam Al-`Abadi, (raa) Zakaat money is of two kinds: one that by its nature can not be invested and Zakaat of this category is due on the day of harvest. This includes all the farm produce that is liable for Zakaat. The other is wealth that can be invested in the hope of a good return, like cash, gold or silver, because the opportunity is there that cash in one's hand can be invested for a good return. This includes currency investment, merchandise and livestock. Their Zakaat is not due until they have matured in one full year. The proof of this condition is the Hadith related by Ibn `Umar that the Messenger of Allah (saas) said: "He who acquires property is not liable for Zakaat on it till a year passes." According to Ibn Rushd (raa) this is the understanding of the majority of scholars, including the four rightly guided Khalifahs. Zakaat Of Salaries The condition of yearly term maturity applies to the commodities on which the Lawgiver said Zakaat is due, and this includes silver, gold, modern paper currency and livestock. Paper currency is analogous to silver, therefore, it takes the case of silver. There is no Zakaat on salary, earned income from wage earners or professionals or independent contractors until such money matures in a full year. There is no such thing as paying your Zakaat on the day you receive your paycheck. What the wage earner must know is that he or she can purify that money with charity (sadaqah) anytime they cash the paycheck. Allah (SWT) states: "And in their wealth and possessions (was remembered) the right of the needy, he who asks and he who (for some reason) was prevented (from asking)." (Al-Qur`an, 51: 19). We can deduce from the concept of "yearly maturity" of wealth on which Zakaat is due as encouraging, among other things, saving on the part of the Zakaat payer, and enhances the chances for eradicating poverty, because if the poor receives his rightful share of Zakaat there will be the possibility that he can take Zakaat money and invest it and become a Zakaat payer instead of recipient. This possibility will be lost if he receives few Zakaat dollars every month. To say that the wage earner just brings his check home and spends everything on necessities and lives from check to check with nothing left over means the person is eligible for Zakaat. Using farm produce as analogous to salary for Zakaat is wrong analogy. As Imam Al-`Abadi said, these are two different categories of money. $2, 500.00 cash can be invested by the person and expect a good return whereas it will be difficult to invest a bushel of corn. It can be traded as a commodity, which is what it is. This why we must know that analogy has rules that must be followed before it is applied. Certainly the jurists are unanimous that earned income, known as almal al-mustafadah, should either be added to existing money and wait until that amount reaches maturity and then give their Zakaat; or if there is no money on hand the time one possesses this money, he or she should wait one full year before assessing it for Zakaat. Zakaat is one of the five pillars of Islam and a vital element in the religion of Islam. It is the twin sister of Salaat. In Al-Qur`an, Allah (SWT) stated: "So establish regular Prayer and give regular Alms; and obey the Messenger; that you may receive mercy." (Al-Qur`an, 24: 56) Also, "...Establish regular Prayer and give regular Alms, and loan to Allah a beautiful loan...." (Al-Qur`an, 73: 20) "And they have been commanded no more than this: to worship Allah, offering Him sincere devotion, being true (in faith); to establish regular Prayer and to practice regular charity; and that is the religion right and straight." (Al-Qur`an, 98: 5) In a famous Hadith reported by `Umar Bin Khattab (raa), the Messenger of Allah (saas) responded to Jibreel (as) and said: "... Islam is to testify that there is no deity but Allah and Muhammad is the Messenger of Allah, to perform the prayer, to pay Zakaat, to observe fasting in Ramadan, and to make pilgrimage to the house of Allah if you are able to do os...." (Bukhari, Muslim) There is consensus among Muslim scholars that it is mandatory on every believer who is financially able. Whoever knowingly denies this obligation, while he possesses the minimum amount, would be considered a disbeliever and a renegade from Islam. Whoever is stingy, or tries to cheat, is considered among the wrongdoers. Zakaat is mandatory on four categories of items. 1. Farm produce of seeds and fruits, such as wheat, barley, rice, dates, raisins, cocoa, pistachios, coffee, cashews. Allah (SWT) stated: "O you who believe, give of the good things which you have (honorably) earned, and of the fruits of the earth which We have produced for you..." (Al-Qur`an, 2: 267) Also: "... But render the dues that are proper on the day that the harvest is gathered..." (Al-Qur`an, 6: 141) Thus, these two verses and many others indicate that Zakaat is due on farm products that reached the minimum amount (nisaab). No farm product is liable for Zakaat unless it is a product that is considered as food and can be stocked or saved naturally without refrigeration. If the produce is perishable fruit, such as grapes, there is no Zakaat. But if one sells them they will pay their Zakaat on the profit earned when it matures. The nisaab is 612 kilos, which equals 1,346.40 lb. There is no Zakaat on produce that is less than this amount. If the farm produce or crops grow dependant on rainwater, or without any man's labor or irrigation, Zakaat due is one-tenth of the total. If it is grown by irrigation, then the Zakaat due is half of one-tenth of the total produce. There is no Zakaat on fruits like apples or oranges or vegetables which are perishable and need refrigeration for long storage, but they should be considered as any income if the profit earned from their sale reaches the amount of Zakaat, then Zakaat should be given. 2. Cattle, including camels, cows, sheep and goats, that are freely graze and are raised for trade and production. For Zakaat to be obligatory, the number must reach the nisaab. The nisaab of camels is five, of cows 30, of sheep and goats, 40. By freely grazing is meant the animal goes out to feed without the owner buying or bringing it feed or hay. If it is not a grazing animal, there is no Zakaat in the stock by itself. The stock will, however, be considered as articles of trade, then will be assessed for Zakaat as articles of trade when the profit earned from their sale reaches the amount by itself or in combination with other articles of the trade. 3. Merchandise and goods of trade and commerce. This includes anything that is obtained for the business of buying and selling: land, animals, food provisions, fabric, cars, spare parts, etc. This inventory is evaluated annually and assessed for Zakaat, whether the value is the same as the amount spent on it, more, or less. The owners of grocery stores, like any other business, must evaluate every item and give their Zakaat. Simple bookkeeping of inventory, orders, cash on hand, and credits, that is non-delinquent loans, will give one a good picture of the zakaatable assets. But if one is unable to account for everything in the store or shop, he should assess it according to his ability until he is sure that his conscience is clear. There is no Zakaat on what is within one's dwelling or property which includes food, drinks, furniture, houses, animals, cars, clothes and shoes. The only exception is gold and silver. There is no Zakaat on assets from rentals or lease, whether they are apartment units, taxi cabs, etc. That is, there is no Zakaat on the apartment units, buses or cars for rental like yellow cabs company or trucks for rental or equipments. But there is Zakaat on the proceeds or incomes from these rental assets if these assets reach the executable amount, either by themselves or in combination with other assets. Business Activities Many scholars are of the opinion that any business activity that brings any return to the entrepreneur or investor should be assessed for Zakaat. If the activity has a prescribed nisaab, such as gold, silver or paper currency, that nisaab is applied for Zakaat. But if the business has no declared nisaab, its nisaab is the nisaab of commerce, one reason being that most business activities are considered as commerce and because, in actual fact, it is not factitious business name, such as GM, Apple or GE that is taxed for Zakaat, it is the individual investor. We do not tax cooperations such IBM, Apple, GM or Rajihy Bank but the individual investors, share holders and owners of these corporations. Indeed, there are enough rules in Zakaat books to cover all types of business activity, be it cash or risk investment. If the business activity is analogous to commerce, it should be assessed the same rate as commerce. To subject the business to a different Zakaat rate of 10%, which is the rate of farm products instead of its correct rate of 2.5%, the rate of commerce, is unfair and unjustified. Besides, there is no proof, even a weak one, to justify this unfair arbitrary taxation. The difference between 2.5% and 10% is high. The Zakaat system is not like a state revenue collection, but Allah's `ebadah. However, if a business person decides to give more than 2.5% after deducting all the expenses including depreciation, Allah (SWT) will accept it from him. 4. Gold and silver, whether used for commerce or jewelry. Allah (SWT) states: "...And there are those who bury gold and silver and spend it not in the way of Allah: announce unto them a most grievous penalty. On the day when heat will be produced out of that (wealth) in the fire of hell, and with it will be branded their foreheads, their flanks and their backs. This is the (treasure) which you buried for yourselves: taste you, then, the (treasures) you buried." (Al-Qur`an, 9: 34-35). By hoarding is meant refusal to give it in the path of Allah, which includes Zakaat. In a hadith reported by Abu Hurairah (raa), the Messenger of Allah (saas) said: "For the owner or possessor of gold and silver who does not fulfill its obligation, on the Day of Resurrection it will be cast into sheets of fire and be branded on his forehead, side and back. Whenever it cools it is to be repeated for him in a day whose length is the length of fifty thousand years, until the judgement is rendered among the people." (Muslim). By its obligation is meant assessing it for Zakaat. In another version: "No possessor of a treasure who does not give its Zakaat." Zakaat is mandatory in gold and silver, irrespective of its form: in coins, raw or nugget, or jewelry for wearing, or for rent, because of the generality of evidence of Zakaat without any detail. In a report by Abdullah bin `Amr bin `Aas (raa), he related that a woman came to the Messenger of Allah with her daughter. On the daughter's wrist were two heavy gold bracelets. The Messenger asked her, "Do you pay Zakaat on this?" She replied, "No." The Messenger said: "Would it please you that Allah will encircle you with two bracelets of fire?" The reporter commented that she took them off and threw them down in front of the Messenger, and said: "They are for Allah and his Messenger." (Ahmed, Tirmidhi). The Messenger's wife reported that: "The Messenger entered into my house and saw in my hand a huge ring made of silver, so he asked, `What is this?' I replied, `I made them to beautify myself for you, O Messenger of Allah.' He inquired, `Do you give their Zakaat?' I said, `No,' or `Allah willing.' He said: `It will suffice you in the hellfire.'" (Abu Dawuud). Zakaat is due on gold when it reaches the amount of (nisaab), which is 20 Dinaar. According to a hadith, the Messenger said: "No Zakaat on you is due until it reaches 20 dinaar." (Abu Dawud) The Islamic dinaar (currency) is one mithqal, a unit of weight which weighs four and one quarter of a gram. Thus, the nisaab is 85 grams. This is equal to $30.00 US dollars. Similarly, there is no Zakaat on silver until it reaches five oqiyah, because the Messenger said: "There is no Zakaat on less then five oqiyah." (Muslim/Bukhari) Oqiyah is equal to forty Islamic dirhams. The nisaab is 200 dirhams. One dirham is equivalent to 595 grams. The zakaatable amount in both the gold and silver is a quarter of a tenth only. Paper Currency There is Zakaat on modern paper currency because it is equivalent to silver. During the early days of Islam, silver and gold were the currency of exchange minted into dirham for silver and dinaar for gold. Silver, not gold, had a larger circulation. Thus many scholars are of opinion that silver should be the standard for the paper currencies of today because that is more advantageous to the Zakaat payer, as it raises the minimum nisaab whereas gold lowers it. Although both metals are no longer circulated, they are still considered as a security against ever fluctuating paper money. Silver should be used as a standard to assess Zakaat annually, not paper currency, even if the currency is hard currency like the US dollar, Yen and Deutch Mark or Pound Sterling. Because these currencies are backed by political decisions that may not have anything to do with the economy, the value and strength of this paper money depends largely on all haram usury system of interest rates. Thus, the Zakaat payer should look up in the local newspaper's financial or business section for the price of silver which is currently about $3.82. per ounce. The nisaab, then, is 596 x .04=28.80 ounce multiplied by$3.82= 90.91. therefore. The nisaab is about $100.00, as of December 17, 1991. The nisaab should be based on the market value of the currency. If the money is hard currency, there will be no problem, but if the money is a non-marketable currency, like most currencies in the third world countries, the nisaab should be based on the black market, which realistically reflects the value of the currency on the money market. In any case, the silver rate should be used to assess the Zakaat. If the nisaab is determined, the zakaatable amount is 2.5%, or .025 multiplied by the amount. For instance, if the zakaatable amount is $56,000.00 it will be 56,000. x .025 = $1,400.00. Zakaat is due on gold, silver, and or paper currency, whether it is cash in hand or credit in the hands of borrowers. Zakaat is due on debts or cost of merchandize or rental money. If the borrower is a wealthy person that you know will pay back the debt, the lender (that is Halaal lending free of usury) should include that money in the assessment and give its Zakaat. However, one can delay Zakaat on a loan until he receives payment, then return its Zakaat for the past years that he was unable to assess for Zakaat. If the borrower is poor or is refusing to pay the debt, there will be no Zakaat on the money until the lender receives the money. Then he will assess it for Zakaat of one past due year, but there will be no Zakaat in the years before that. There is no Zakaat on precious stones such as diamonds, or metals such uranium, regardless of their value. Gold and silver, of course are assessed for Zakaat. However, if a person possesses any of these stones or metals, he should give their Zakaat like any other articles of trade. If a person possesses diamonds or any other precious stones as an edge against inflation or for ornaments, there will no Zakaat on these. How To Give Zakaat Zakaat may be assessed and returned in two ways: a) Make a record of all money earned, either daily or monthly, which has reached the nisaab and remains in the treasury. The Zakaat of that money would be due one year later on the same day the money was earned and reached nisaab. This means every month's income must be set aside and assessed for Zakaat and so will be the case for the rest of the months. For instance, the income of January, 1991 will be assessed for Zakaat in January, 1992, and the income of February, 1991 will be assessed for Zakaat in February 1992, etc. This method of assessing Zakaat is very difficult because it entails complete bookkeeping of daily or monthly earnings. b) The best way is to set a day or a month, preferably Ramadan, for your annual Zakaat return calendar, say Ramadan 1st, 1412. One year later on the same day Ramadan, 1413, your Zakaat is due and payable. Whatever is in the savings is due for Zakaat, regardless of whether all the amount in the savings reaches a year or not. For instance: if you have $20,000.00 in the savings account on the 1st of Ramadan, 1412 and one year later by the 1st of Ramadan, 1413 there is $50, 000.00, your Zakaat will be assessed for $50,000.00, that is: $50.000.00 x .025= $1,250.00. If, on the other hand, by the 1st of Ramadan, 1413 the amount in the savings is $15,000.00, your Zakaat will be for the amount in the savings, that is $15,000.00 x .025= $375.00. This method is the best because it is easy to assess, meets one's obligation and relieve one's conscience. The Recipient Of Zakaat Knowing who qualifies as recipient of Zakaat is an important aspect of Zakaat collection in Islam. Fortunately, Allah (SWT) has been merciful to us in that He Himself spelled out the people eligible to receive Zakaat. In Surah Tawbah He stated: "Alms are for the poor and the needy; and those employed to administer (the funds); for those whose hearts have been (recently) reconciled (to truth); for those in bondage and in debt; in the cause of Allah; and for the wayfarer: (thus is it) ordained by Allah, and Allah is full of knowledge and wisdom." (Al-Qur`an, 9: 60) In this verse Allah enumerated the people who deserve this divine welfare, and they are as follows: The poor and the needy. These are individuals, and those under their care, to live on. By the poor and needy is meant the people whose income or salaries, or whatever material goods they have, fall short of the cost of living in a given environment and economy. The poor and the needy should be given what will suffice them and their families for one full year. The needy who want to get married and have no means should be given enough for this purpose, and so, too, the student who needs money for tuition, rent, food, and books. The working poor should be given supplementary Zakaat. But the wealthy, or any person with enough income to live on should not be given Zakaat, even if they asked for it. Instead, they should be warned and admonished for asking for what does not belong to them. In a hadith reported by Abdullah bin `Umar, the Messenger of Allah (saas) stated: "A man keeps on asking others for something till he comes on the day of Resurrection without any piece of flesh on his face." (Bukhari/Muslim). This hadith indicates a humiliating appearance before Allah (SWT) that awaits a person who asks illegally. Some said: this hadith implies Allah will punish a person with the very limb, the face, that he used to impress on others to give him their money unlawfully. In another hadith reported by Abu Hurairah, the Messenger of Allah said: "Whoever asks people for their money so as to get rich, he is asking for flames of fire. It is up to him to ask for more or less (he should beware)." (Muslim) This hadith indicates the severity of the punishment, the more one asks the more punishment, the less one asks the less the punishment. In another hadith, reported by Hakeem bin Hizaam said: I begged the Messenger of Allah and he gave me. I begged again, and he gave me. I begged again and he gave me. He then said: "This money is green and sweet; he who receives it from people with a cheerful heart, Allah will bless him in it; he who receives it, with an avaricious mind would not be blessed in it. He will be like the person who eats without being satisfied; and the upper hand is better than the lower hand" (Muslim) This hadith gave an analogy between money and green, ripened fruit that people love to eat. Thus, it indicates that both are greatly loved but easily finished. For money that is easy come easy go, one must be careful about the punishment that awaits the illegal eater. If a person asks for Zakaat and there are no signs of wealth, and he does not know that he should not ask, or a person who is well and able, who can work, but does not; if these people do not know that it is not permissible for them to ask, it may be given anyway. In a hadith reported by Ahmed, Abu Dawud, and Nasa'e, two men came to the Messenger of Allah (saas) and asked for Zakaat. He looked at them closely and found them strong and able, he said, "If you want I will give you. But you should know that the wealthy or an able person who can work has no share in Zakaat" (Ahmad) Those who administer the Zakaat department, assigning people for collecting, bookkeeping, making lists of people eligible for Zakaat, and a financial calendar. These people will receive Zakaat as compensation for their work, even if they are wealthy. This does not include a person who works as an agent for one or two wealthy people to take Zakaat for himself. They should donate their time for Zakaat disbursement and do it with honesty and truthfulness. If they can not, they should be paid or rewarded for their time. In a hadith related by Abu Musa Al-Ashi`ari (raa), the Messenger of Allah said: "A trustworthy Muslim executor is the one who executes completely what has been entrusted to him of Zakaat money in good faith." (Bukhari) That is, he will give the Zakaat money to any of the eligible recipients of Zakaat. He should carry on the duty voluntarily, but if he can not distribute the money without being paid, the Zakaat payer should pay him for his work. The payment for the service of distributing Zakaat should not come out of Zakaat money. The new converts to Islam whose hearts we want to harmonize into the fold of Islam, either because their faith is weak or we are afraid of their being harmed, should be given Zakaat to strengthen their Iman or until we no longer fear their harm. The bonds person who has contracted with his master to buy himself out of bondage deserve Zakaat and should be given enough to pay off their debt to the master and be freed themselves; similarly, Muslim prisoners of war if their freedom is tied to monetary payment, deserve Zakaat sufficient enough to secure their release. On the other hand, if a pearson accidently killed someone and have no means to pay off the blood money, he should be helped from Zakaat funds. The people in debt are of two kinds: (A) The guarantor, who takes the responsibility of someone else's debt so as to reconcile the two warring parties, to extinguish the fire of fitnah between them. If the person requests Zakaat money to pay off this debt he should be given it, which will encourage him to continue in this noble cause. In a hadith reported by Qubaysah Al-Hilaaly (raa), he said I was under debt (hamaalah) and I came to the Messenger (saas) and begged him to help me pay it off. The Messenger told him: "Wait until we receive charity, so we will command that it be given to you." However, the Messenger stated: "O Qubaysah, begging is not permitted except for one of three categories of people: A man who has incurred debt (as guarantor to reconcile blood wit) for him begging is permissible till he pays that off, after which he must stop it; a man whose property has been destroyed by calamity which has smitten him; for him begging is permissible till he gets what will support life or will provide him reasonable subsistence; and a man who has been smitten by poverty, the genuineness of which should be confirmed by three knowledgeable members of his people; for him begging is permissible till he gets what will support him, or will provide him subsistence. Besides these three, Qubaysah, begging is forbidden for every other persons, and one who engages in such consumes that which is forbidden." (Muslim) (B) Whoever incurs debt and has no money to pay it back will be given from Zakaat to help pay his debt, whether the amount is large or small; or his creditor should be paid directly on his behalf, so long as it is paid off. Zakaat can be given in the path of Allah. By this is meant to finance a Jihad effort in the path of Allah, not for Jihad for other reasons. The fighter (mujahid) will be given as salary what will be enough for him. If he needs to buy arms or some other supplies related to the war effort, Zakaat money should be used provided the effort is to raise the banner of Islam. The wayfarer. This is the traveller who in a strange land runs out of money. He or she deserves Zakaat, enough money to take him back to his country, even if he is wealthy and can find someone to loan him the money. On his part, he should take with him on his trip sufficient money, if he is wealthy, so that he will not need Zakaat. Zakaat money can not be used to pay off other obligations, such as giving Zakaat money to people you are obligated to take care of by law; or Zakaat money can not be used to pay for hotel and food expenses. It is, however, permissible to give Zakaat to a wife or family member, provided it is not part of their daily living expense money, but is needed to pay off a debt for one's wife if she can not pay it. So is the case for one's parents if they can not pay their debt. Zakaat money may be given to members of the family for their expenses if one is not obligated to take care of them financially. The wife can pay off a debt of her husband with Zakaat money, because he may be among the eight eligible recipients and she is not obligated to spend on him as he is on her. The eight eligible recipients of Zakaat can be denied their right to Zakaat without proof from Al-Qur`an or Sunnah. In a hadith reported by Ibn Mas`ud, his wife Zaynab heard the Messenger of Allah order women to give Zakaat, so she asked the Messenger (saas): " O Messenger of Allah, you commanded us to give Zakaat, and I have jewelry that I wanted to assess for Zakaat, but my husband Abdullah bin Mas`ud claimed that his son deserves it more than anyone." The Messenger replied: Your husband Ibn Mas`ud is right. Your son deserves your charity more than anyone." In another hadith reported by Salman bin `Aamir, he said the Messenger of Allah said: " Charity to the poor is only charity, but charity to the rest of kind is charity and maintenance of relations (sillah)." (Nisaee) No loan should be written off as Zakaat because Zakaat is taken and given. Allah (SWT) said: "Of their goods take alms...." (Al-Qur`an, 9: 103) And in a Hadith the Messenger has been reported as saying: "Allah has mandated on you Zakaat to be taken from the wealthy and to be given to the poor." Thus, writing off debt is not taken. For instance, If you loan a person money, you can not write off that loan as a Zakaat. However, it could be written off as sadaqah charity. Furthermore, loan, delinquent or not, is considered an absent money, therefore, it should not be transacted in Zakaat. for Zakaat is assessed only in cash in hand. Besides, debt money is valued less than cash in the hand, and using that money for alms is like exchanging good money for bad. The assessor of alms should try to give his Zakaat to an eligible person, but if he makes a mistake and gives it to an ineligible person it is accepted. In a hadith related by Abu Hurairah, he said the Messenger said: "A man expressed his intention to give charity, so he came with his charity and placed it in the hand of an adulteress. In the morning the people were talking and saying charity was given to an adulteress last night. The donor said: O Allah, to thee be the Praise - charity to an adulteress! He then again expressed his intention to give charity, so he went out with it and placed it in the hand of a rich person. In the morning the people were talking and saying charity was given to a rich person. The donor said, O Allah to You be the praise - charity to a rich man! He then expressed his intention to give charity, so he went out with his charity and placed it in the hand of a thief. In the morning the people were talking and saying charity to the thief. So the man said, O Allah to You be the praise (what a misfortune that charity has been given) to the adulteress, the rich and the thief! Then someone came to him and told him your charity has been accepted. As for the adulteress the charity might become the means whereby she might restrain from fornication. The rich man might perhaps learn a lesson and spend from what Allah has given him, and the thief might thereby restrain from committing theft. (Muslim/ Bukhari) http://www.islamfortoday.com/beliefs.htm

HOW will the USA defend the dollar? So, how important is it that oil continue to be denominated in dollars? Would the United States wage war to defend the dollar's status as the world's "reserve currency"? The answer to this question could come as early as this week, since the long-awaited Iranian Oil Bourse is scheduled to open between February 1-11. According to Iran's Finance Minister Davoud Danesh-Jafari, "All preparations have been made to launch the bourse; it will open during the 10-day Dawn (the ceremonies marking the victory of the 1979 Islamic Revolution in Iran) The bourse is considered a direct threat to the continued global dominance of the dollar because it will require that Iranian "oil, petrochemicals and gas" be traded in "non-dollar currencies". (Press TV, Iran) The petrodollar system is no different than the gold standard. Today's currency is simply underwritten by the one vital source of energy upon which every industrialized society depends---oil. If the dollar is de-linked from oil; it will no longer serve as the de-facto international currency and the US will be forced to reduce its massive trade deficits, rebuild its manufacturing capacity, and become an export nation again. The only alternative is to create a network of client regimes who repress the collective aspirations of their people so they can faithfully follow directives from Washington. As to whether the Bush administration would start a war to defend dollar hegemony; that's a question that should be asked of Saddam Hussein. Iraq was invaded just six months after Saddam converted to the euro. The message is clear; the Empire will defend its currency.

First Nuclear Strike? How do you think the scernario would play out if Iran, Al-Queda, or some other rouge radical Islamic State hit inside the US with a nuclear bomb? How would we respond? Do you think the EU, China, and Russia would ask us not to strike? Do you think the globalized finance and monetary system would be thrown into chaos? Just something to think about. - C

Why do Republicans love terrorists? According to Republicans terrorism is something that is rooted in Islam and is funded by the Islamic fundamentalists from Muslim countries in the Middle East. The Middle East has no economy other than the export of oil and therefore the money used to finance terrorists comes from the sale of oil. So when a person supports Bush and his policies that increase the price of oil they are supporting the increased profits of those same Middle Eastern countries that finance terrorism. When Republicans drive vehicles that get 10 mpg they are supporting the terrorists. When Republicans do not support the search for alternative sources of energy they support the terrorists. When Republicans support Bush they support terrorists. Republicans are willing to give up civil liberties to fight terrorism and they are eager to pay for this loss of rights at the pump and Bush and his oil buddies get rich. Why do Republicans support terrorism?

Is Hamas a religious based organization, or a strictly politically based group? The secular government in Syria seems to unconditionally prop them up, finance them and give sanctuary to the groups leaders and fund a lot of their activities but so do the hard core Ayallotollas in Iran. The ideologies of these two governments are quite different. Also, hard core Muslim organizations such as The Islamic Action Front (in Jordan) support them blindly such as when 20 Hamas activists were caught last month with arms and explosives smuggled into and hidden in Jordan. What is Hamas's theological/religious doctrine and political goals?? Umm, ok, good dissertation <qualittee> but, i just wanted to know if Hamas is largely seen as a religious or a secular group. Also, I DIDN'T mention Iraq but, since you mentioned this tidbit... **US government has taken a U turn..... its democracy whose restoration is their primary objective and they are killing children and women and elderly and getting American soldiers killed to restore democracy** I agree ONE soldiers life isn't worth that whole p*** ant country but, it's not our guys that are DAILY driving car and truck bombs into markets or resturaunts or dining halls or wedding parties or funeral processions, is it? We aren't above critical reproach and investigation but, until we sink to those levels as an accepted way to make your political views public, I will pick "our side" thank you very much.

Why isnt america forcing saudi arabia to be democratic? Saudis are ruled by kings and not elected presidents. Is it because saudis are american puppets? The saudis are intolerant of any other religion,cast,culture and mis-treat foreigners who are employed there. Why force other middle east countries into democracy when the main player in the region is a dictatership? Why double standards? saudis are the main financiers of wars in the region from behind the scenes. Americans with all there sofisticated intelligence network must surely know this? It is known fact that they finance groups labelled as terrorist organisations. So why is nothing being done about this?They are definately not a moderate islamic nation because they follow none of the islamic principles.

Do you think this is one more reason we need a HUGE wall with military reinforcement on our Southern border? Terrorists teaming with drug cartels August 8, 2007 By Sara A. Carter - Islamic extremists embedded in the United States — posing as Hispanic nationals — are partnering with violent Mexican drug gangs to finance terror networks in the Middle East, according to a Drug Enforcement Administration report. "Since drug traffickers and terrorists operate in a clandestine environment, both groups utilize similar methodologies to function ... all lend themselves to facilitation and are among the essential elements that may contribute to the successful conclusion of a catastrophic event by terrorists," said the confidential report, a copy of which was obtained by The Washington Times. The 2005 report outlines an ongoing scheme in which multiple Middle Eastern drug-trafficking and terrorist cells operating in the U.S. fund terror networks overseas, aided by established Mexican cartels with highly sophisticated trafficking routes. http://www.washingtontimes.com/apps/pbcs.dll/article?AID=/20070808/NATION/108080088/1001 According to a Department of Homeland Security intelligence report obtained by The Times, nearly every part of the Border Patrol's national strategy is failing. "Al Qaeda has been trying to smuggle terrorists and terrorist weapons illegally into the United States," the 2006 document states. "This organization has also tried to enter the U.S. by taking advantage of its most vulnerable border areas. The seek to smuggle OTMs [other than Mexicans] from Middle Eastern countries into the U.S." Peter Brown, terrorism and security consultant, stated that the "biggest element" to the DEA report is the ease with which terrorist cells have taken on new identities. "The ability for people to completely transform their nationalities absent of their own identities is a dangerous step in the evolution of this cross-border operation," he said. "This is a true threat." Lending credence to Mr. Brown's concern, an El Paso, Texas, law-enforcement report documents the influx of "approximate A WALL Spazz a big HUGE WALL armed with military men and woman with BIG guns. Illegals aren’t our countries problem, terrorist are also. They are using our Southern border and our illegal aliens problem to their benefit. It is okay though you are only 16 and I do not expect you to understand. Give it 15 to 20 years when you have your own home and children. Spazz ~ I do not debate with 16-year-old children. I'm not going to sit here and explain to you how a wall could be built within a year. You are looking for a fight and I'm not playing. Nice try though!! Sehr_Klug 50 ~ I think what you said was nicely thought out. Thank you for your answer!!