Comments on: Islamic Banking http://www.bingregory.com/archives/2007/04/03-islamic-banking/ Official Organ of an American Muslim in Malaysia Thu, 20 Nov 2008 13:02:06 +0000 http://wordpress.org/?v=2.0.3 by: Aida http://www.bingregory.com/archives/2007/04/03-islamic-banking/#comment-10380 Thu, 10 May 2007 14:38:24 +0000 http://www.bingregory.com/archives/2007/04/03-islamic-banking/#comment-10380 they should've call it islamic banking, banks always make up interesting and religious names for loans in islamic banking, but bottom line is probably like getting a regular loan. they should’ve call it islamic banking, banks always make up interesting and religious names for loans in islamic banking, but bottom line is probably like getting a regular loan.

]]> by: Hood http://www.bingregory.com/archives/2007/04/03-islamic-banking/#comment-9446 Sat, 14 Apr 2007 22:02:46 +0000 http://www.bingregory.com/archives/2007/04/03-islamic-banking/#comment-9446 Salamu alaikum all, regardless of whether or not the Islamic banks deal in riba directly, all financial institutions generally will have to deal in seignorage, which will touch on aspects of Riba al-Fadl. Another issue for modern banking, islamic or not, is the concept of unsecured lending, and whether or not secured lending (which is basically what a mortgage and a carnote are) are equivalent to Riba or not. Salamu alaikum all,

regardless of whether or not the Islamic banks deal in riba directly, all financial institutions generally will have to deal in seignorage, which will touch on aspects of Riba al-Fadl.

Another issue for modern banking, islamic or not, is the concept of unsecured lending, and whether or not secured lending (which is basically what a mortgage and a carnote are) are equivalent to Riba or not.

]]> by: Bin Gregory http://www.bingregory.com/archives/2007/04/03-islamic-banking/#comment-9248 Mon, 09 Apr 2007 02:32:34 +0000 http://www.bingregory.com/archives/2007/04/03-islamic-banking/#comment-9248 Nizar - Unta ada banyak lagi kelebihan: unta boleh makan rumput tepi jalan percuma - kereta mau makan minyak yg sangat mahal. Unta kasih baja yg boleh menyuburkan tanaman dari <abbr title="tailpipe">telpiap</abbr>nya - kerata bagi asap yg merosakkan kesihatan and alam sekitar. And finally, bila unta sudah tua, boleh dimakan. Bila kereta sudah tua, dia menjadi longgok sampah sahaja. Manas Shaikh - Thanks very much and keep up the good work. Nizar - Unta ada banyak lagi kelebihan: unta boleh makan rumput tepi jalan percuma - kereta mau makan minyak yg sangat mahal. Unta kasih baja yg boleh menyuburkan tanaman dari telpiapnya - kerata bagi asap yg merosakkan kesihatan and alam sekitar. And finally, bila unta sudah tua, boleh dimakan. Bila kereta sudah tua, dia menjadi longgok sampah sahaja.

Manas Shaikh - Thanks very much and keep up the good work.

]]> by: Nizar http://www.bingregory.com/archives/2007/04/03-islamic-banking/#comment-9042 Thu, 05 Apr 2007 09:02:36 +0000 http://www.bingregory.com/archives/2007/04/03-islamic-banking/#comment-9042 Hmmm kalau dah susah sangat, naik unta je laa... belum ada bank pun yang bagi pinjaman nak beli unta huhu... COD! Unta beranak boleh jual, dapat untung lagi! Kereta tak boleh beranak... lugi maaaa Hmmm kalau dah susah sangat, naik unta je laa… belum ada bank pun yang bagi pinjaman nak beli unta huhu… COD! Unta beranak boleh jual, dapat untung lagi! Kereta tak boleh beranak… lugi maaaa

]]> by: Arif http://www.bingregory.com/archives/2007/04/03-islamic-banking/#comment-9036 Thu, 05 Apr 2007 08:08:28 +0000 http://www.bingregory.com/archives/2007/04/03-islamic-banking/#comment-9036 I only lament my own experience with the Islamic banking system here. Bank Islam (Malaysia) has too many complicated terminology that I failed to grasp entirely. But I trust the fundamentals to be just. The only problem is (for me personally) the loan officers have some "things" to gain from the deal (as in a car/home purchase). Yep, I trust the concept but not the practice. Bro BG, you might want to mention a bit about the Islamic insurance concept (Takaful). They're (freelance agents)selling this concept to everyone like you wouldn't believe. I only lament my own experience with the Islamic banking system here. Bank Islam (Malaysia) has too many complicated terminology that I failed to grasp entirely. But I trust the fundamentals to be just. The only problem is (for me personally) the loan officers have some “things” to gain from the deal (as in a car/home purchase). Yep, I trust the concept but not the practice.

Bro BG, you might want to mention a bit about the Islamic insurance concept (Takaful). They’re (freelance agents)selling this concept to everyone like you wouldn’t believe.

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