IslamiCity Forum - Islamic Discussion Forum: Islamic Bank Failures

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   Where can I obtain a list of Islamic bank failures? have any Islamic banks failed during the credit crunch?

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nadia_miceli Female Christian Starter Joined: 14 March 2010 Location: Malta Online Status: Offline Posts: 2	Topic: Islamic Bank Failures Posted: 02 April 2010 at 8:09am
	Where can I obtain a list of Islamic bank failures? have any Islamic banks failed during the credit crunch?
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abuayisha Senior Member Joined: 05 October 1999 Online Status: Offline Posts: 3997	Posted: 02 April 2010 at 8:33pm
	http://www.ameinfo.com/208518.html http://www.islamonline.net/servlet/Satellite?c=Article_C&pagename=Zone-English-News/NWELayout&cid=1201957590961 Edited by abuayisha - 02 April 2010 at 8:34pm
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nadia_miceli Female Christian Starter Joined: 14 March 2010 Location: Malta Online Status: Offline Posts: 2	Posted: 03 April 2010 at 12:40am
	Thanks for the links, but do these still hold in light of the Dubai Debt Crisis?
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abuayisha Senior Member Joined: 05 October 1999 Online Status: Offline Posts: 3997	Posted: 03 April 2010 at 10:23am
	Most middle east banks are not Islamic Banks.
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ak_m_f Senior Member Joined: 15 October 2005 Location: Canada Online Status: Offline Posts: 3274	Posted: 03 April 2010 at 12:25pm
	how do Islamic banks make money?
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Sign*Reader Senior Member Joined: 02 November 2005 Online Status: Offline Posts: 3352	Posted: 06 April 2010 at 12:20am
	nadia_miceli Islamic bank failure list? If the bank is Islamic it is not supposed to fail cuz the speculative practices of the current meltdown like sub prime loans and its derivatives with credit swaps (almost like playing black jack in a casino) are not permitted under sharia! It was no credit crunch rather there was a well thought out scheme by the Zionist Wall Street investment houses to offer too much credit for speculation on American real estate till this pyramid scheme went bust...People on the inside made billions and on the tail end were left holding the bag...the copy cats in places like Dubai went bonkers in this mad race to nowhere fast but as abuayisha said they didn't follow sharia so they got what was coming to them...brink of bankruptcy...schadenfreude for their detractors! Here are the general guidelines for the sharia bank and how it works... http://www.bankinginfo.com.my/_system/media/downloadables/islamic_banking.pdf Edited by Sign*Reader - 06 April 2010 at 12:38am
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aeronroy Starter Joined: 10 September 2010 Online Status: Offline Posts: 4	Posted: 10 September 2010 at 6:14am
	You can change the method of interest on the basis of finance, Muslim experts in banking and financial sector have developed a new economic methods. Islamic banks deposits and investors to purchase shares of equity, regardless of where the bank to invest their capital. financial techniques used by Islamic banks, mostly on the basis of equity.
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kristinthomas Starter Joined: 25 September 2010 Online Status: Offline Posts: 3	Posted: 25 September 2010 at 3:21am
	Muslims must work within the existing banking system and the change from within. But we tried this for over 40 years and nothing has changed. We are still determining the financial performance in advance using the Islamic contract triple.
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