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Islamic Finance
 IslamiCity Forum - Islamic Discussion Forum : Religion - Islam : Islamic Finance
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nadia_miceli
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Quote nadia_miceli Replybullet 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
 
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Quote abuayisha Replybullet Posted: 02 April 2010 at 8:33pm
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nadia_miceli
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Quote nadia_miceli Replybullet 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
 
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Quote abuayisha Replybullet Posted: 03 April 2010 at 10:23am
Most middle east banks are not Islamic Banks.
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ak_m_f
 
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Quote ak_m_f Replybullet Posted: 03 April 2010 at 12:25pm
how do Islamic banks make money?
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Sign*Reader
 
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Quote Sign*Reader Replybullet 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
 
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Quote aeronroy Replybullet 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
 
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Quote kristinthomas Replybullet 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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