relook-islamicbankingfinance.blogspot.com
relook - Islamic Banking & Finance: Confessions of a former Islamic Banker
http://relook-islamicbankingfinance.blogspot.com/p/confessions-of-former-islamic-banker.html
Relook - Islamic Banking and Finance. Looking at Islamic Banking and Finance from another perspective. Confessions of a former Islamic Banker. Confessions of a former Islamic Banker. I stated my Islamic finance journey in 2003 and in mid 2011 I decided to take a break. If money is not a commodity, why am I putting a price on my excess funds? If setting a price today to be paid in the future is prohibited, why am I structuring a product that allows such practice? Dual Currency Investment (DCI) is a produc...
relook-islamicbankingfinance.blogspot.com
relook - Islamic Banking & Finance: June 2012
http://relook-islamicbankingfinance.blogspot.com/2012_06_01_archive.html
Relook - Islamic Banking and Finance. Looking at Islamic Banking and Finance from another perspective. Confessions of a former Islamic Banker. Wednesday, 20 June 2012. Will There be a New World Financial Order? By Pankaj Kumar (The Star, Business section, 21 January 2009). Copy of the email I sent to the Editor of The Star, commenting on the need for an alternative financial model. Quoted from Pankaj Kumar's article in The Star 21 January 2009. Shariah based finance is totally different in all respects f...
relook-islamicbankingfinance.blogspot.com
relook - Islamic Banking & Finance: Islamic Finance - a Primer
http://relook-islamicbankingfinance.blogspot.com/2012/06/islamic-finance-primer.html
Relook - Islamic Banking and Finance. Looking at Islamic Banking and Finance from another perspective. Confessions of a former Islamic Banker. Friday, 8 June 2012. Islamic Finance - a Primer. The most significant difference is the basic concept of Islamic finance – risk sharing partnership. Instead of a borrower-lender relationship. What this means is that all transacting parties must enjoy equal benefits from the transaction and in a case of a loss, all must share the loss equally according to the i...
relook-islamicbankingfinance.blogspot.com
relook - Islamic Banking & Finance: Money Market – a Shariah Anomaly
http://relook-islamicbankingfinance.blogspot.com/2012/07/money-market-shariah-anomaly.html
Relook - Islamic Banking and Finance. Looking at Islamic Banking and Finance from another perspective. Confessions of a former Islamic Banker. Wednesday, 25 July 2012. Money Market – a Shariah Anomaly. Conventional wisdom states that money must generate returns all the time, even when it is idle. Hence the creation of the money market, a place for trading idle money. When there is a trade, there will be a price; and the price of money is the interest rate. What determines the interest rate? Secondly, mon...
relook-islamicbankingfinance.blogspot.com
relook - Islamic Banking & Finance: Will There be a New World Financial Order? by Pankaj Kumar (The Star, Business section, 21 January 2009)
http://relook-islamicbankingfinance.blogspot.com/2012/06/will-there-be-new-world-financial-order.html
Relook - Islamic Banking and Finance. Looking at Islamic Banking and Finance from another perspective. Confessions of a former Islamic Banker. Wednesday, 20 June 2012. Will There be a New World Financial Order? By Pankaj Kumar (The Star, Business section, 21 January 2009). Copy of the email I sent to the Editor of The Star, commenting on the need for an alternative financial model. Quoted from Pankaj Kumar's article in The Star 21 January 2009. Shariah based finance is totally different in all respects f...
relook-islamicbankingfinance.blogspot.com
relook - Islamic Banking & Finance: Riba
http://relook-islamicbankingfinance.blogspot.com/2012/06/riba.html
Relook - Islamic Banking and Finance. Looking at Islamic Banking and Finance from another perspective. Confessions of a former Islamic Banker. Friday, 8 June 2012. The prohibition of riba is the foremost issue in Islamic banking and finance. The literal definition for riba is “excess”, “increase”, or “growth”. In Islamic banking and finance context, riba is often equated with interest. It is not inaccurate to equate riba with the interest rate but the term riba has a broader definition. From the above de...
relook-islamicbankingfinance.blogspot.com
relook - Islamic Banking & Finance: July 2012
http://relook-islamicbankingfinance.blogspot.com/2012_07_01_archive.html
Relook - Islamic Banking and Finance. Looking at Islamic Banking and Finance from another perspective. Confessions of a former Islamic Banker. Wednesday, 25 July 2012. Money Market – a Shariah Anomaly. Conventional wisdom states that money must generate returns all the time, even when it is idle. Hence the creation of the money market, a place for trading idle money. When there is a trade, there will be a price; and the price of money is the interest rate. What determines the interest rate? Secondly, mon...
relook-islamicbankingfinance.blogspot.com
relook - Islamic Banking & Finance: Islamic Banking in Singapore
http://relook-islamicbankingfinance.blogspot.com/2012/06/test.html
Relook - Islamic Banking and Finance. Looking at Islamic Banking and Finance from another perspective. Confessions of a former Islamic Banker. Thursday, 7 June 2012. Islamic Banking in Singapore. This was my final posting on SBF. MONDAY, MAY 24, 2010. Islamic Banking in Singapore. Reuters reported that DBS, Singapore and south East Asia’s largest bank is scaling down on its Islamic banking operations, signalling the city-state’s efforts to promote Shariah banking are not bearing fruit. It is often lament...
relook-islamicbankingfinance.blogspot.com
relook - Islamic Banking & Finance: Mudharabah and Musharakah are NOT Debt Contracts
http://relook-islamicbankingfinance.blogspot.com/2012/06/mudharabah-and-musharakah-are-not-debt.html
Relook - Islamic Banking and Finance. Looking at Islamic Banking and Finance from another perspective. Confessions of a former Islamic Banker. Tuesday, 12 June 2012. Mudharabah and Musharakah are NOT Debt Contracts. The following is an article I wrote in 2009. A Shariah expert claims that Asset-based Sukuk Mudarabah and Musharakah will fall out of favour as it is hard to accommodate a ruling on repurchase pledges, indicating the market would be permanently affected by the decree. After so many years of b...