Videos like this “The future of Islamic finance in Australia: Talal Yassine”
The rise of Islamic finance - Knowledge Works
Lecture details Since its formation in the mid-1970s Islamic finance has grown rapidly, and appears to have come of age since the global financial crisis by nearly doubling in size from just over US $600 billion in 2007 to approximately $1.2 trillion in 2010. In this latest Knowledge Works seminar Professor Mervyn Lewis will share the secrets of what makes Islamic finance a success and what attracts investors.Professor Lewis will explore Islam itself, and shari'a law, for these provide the religious and ethical principles underpinning the system. Professor Lewis will also examine how Islamic banking and finance operate in practice, including Islamic investment funds and sukuk (bonds) that tap new global market segments and have driven the system's rapid growth. The seminar will close by considering the ways in which Islamic finance provides a viable and distinctive alternative to conventional finance. This insightful Knowledge Works lecture is a not to be missed event for those conducting business or collaborating with Islamic finance organisations, or those simply seeking greater insight and understanding of Islamic business and its future. Professor Mervyn Lewis is Professor of Banking and Finance at the University of South Australia and is a Fellow of the Academy of Social Sciences in Australia. Previously he was Midland Bank Professor of Money and Banking at the University of Nottingham and has been a Visiting Scholar at the Bank of England as well as the Inaugural Securities Commission-University of Malaya Visiting Professor. Professor Lewis has published 22 books, 70 articles and 81 chapters and his research volumes include Islamic Banking (2001), Islamic Finance (2007), Handbook of Islamic Banking (2007) and An Islamic Perspective on Governance (2009). Visit the Knowledge Works website at www.unisa.edu.au/knowledgeworks
Islamic Finance in Europe
Is Islamic banking finding some traction in Europe? John Sandwick, Safa Investment Services. You can view this video and the full video archive on the Dukascopy.TV page: http://www.dukascopy.com/tv/en/#135024
Views: 10158 Dukascopy TV (EN)
The Engagement Day of Mary and Frederik: 08. 10. 2003
In the next year, 2014, Crown Prince Frederik and Crown Princess Mary of Denmark (Kronprins Frederik og Kronprinsesse Mary) to celebrate their tenth wedding anniversary. I celebrate already now :) My fansite about Mary: https://www.facebook.com/pages/Daily-News-about-Crown-Princess-Mary-of-Denmark/467134383319517?ref=hl
Views: 118167 RoyalLife CZ
I Can't Afford To Buy A Car/House Without The Bank, How Do I Escape Riba? Sheikh Imran Hosein 2011
প্রশ্ন: জিনিস পত্রের দাম এতো বেশী বেড়ে গেছে যে, ব্যাংকের সাহায্য ছাড়া গাড়ি কিংবা বাড়ি ক্রয় করার সামর্থ আমার নেই। এমতাবস্থায় আমি সুদ থেকে কিভাবে বাঁচতে পারি? উত্তর দিচ্ছেন আন্তর্জাতিক খ্যাতিসম্পন্ন বিশিষ্ট ইসলামিক স্কলার, দার্শনিক এবং লেখক আল্লামা ইমরান নযর হোসেন। এই অংশটি ১৬ আগষ্ট ২০১১ / ১৬ রমাদ্বান ১৪৩২ হিজরী মালেশিয়ায় ধারনকৃত 'মোহময় পৃথিবীতে মুসলিম যুব সমাজ' লেকচার থেকে নেয়া। I Can Not Afford To Buy A Car Or House Without Asking The Bank, How Do I Escape Riba? This part is taken from lecture 'THE MUSLIM YOUTH IN A GLAMOROUS WORLD' held on 16 August 2011 / 16 Ramadan 1432H. Part of world renowned Islamic scholar Sheikh Imran Nazar Hosein's Malaysia Lecture Tour. "You can if you want, go the way of the world. Let me tell you my way. I've attended 5 Universities. I was a Diplomat in the foreign service of my country (Trinidad). I gave up that job. Many Pakistanis told me I was a fool; only a fool will give up a job of a Diplomat to become a Mullah. If I didn't give up that job, I couldn't be today with you (preaching Islam). So there are things in life that money can not buy. I am now almost 70 years of age. I never had a house. In 2005 I built the ground floor of my home with 1 bedroom. And then just before I left Trinidad (early 2011) to come on this lecture tour I was able to build the upper floor with 2 other bedrooms. That's how houses were build long time ago. I didn't go to a bank to borrow money to build a house, no. I lived in a rented apartment. I lived in New York for 10 years... in a small cubby apartment. Couldn't afford (anything better). But I did that to remain faithful to Islam. I left New York in 2001 after having lived in the United States for 12 years. The car I was driving was worth $500. So there is that way which is the way of the world; you want a big job, you want a big house, you need a big car, go ahead and borrow your money on interest. And when you're in the Hell-fire, don't call me. Don't call me on the phone, don't send an email from Jahannam. Or you can go the other way. The other way is, even if I have to give up house, and give up car and give up job, give up my home and give up my town, and flee to a cave in the mountain, I would prefer to do that. But I'm not giving up my Deen (Islam)." Imran Nazar Hosein is a leading International Islamic Philosopher, Scholar and author, specialising in world politics, economy, eschatology , modern socio-economic/political issues and expert on international affairs. He is best- selling author of Jerusalem in the Qur'an. Imran Nazar Hosein was born on the Caribbean island of Trinidad in 1942 to parents whose ancestors had migrated from India as indentured labourers. He studied Islam, Philosophy and International Relations at several universities and institutions of higher learning. Among them are al-Azhar University in Cairo, Egypt, the Institute of International Relations of the University of the West Indies in Trinidad, the University of Karachi in Pakistan, the Aleemiyah Institute of Islamic Studies in Karachi, Pakistan, and the Graduate Institute of International Studies in Geneva, Switzerland.
Views: 69042 DaringDeen
SYDNEY BEACHES – Australia 🇦🇺 [HD]
Video and photos in HD I have made during my trip to Sydney (NSW) in Australia in 2011. The video includes the following highlights: Ocean walk from Bronte beach to Tamarama Beach and Bondi Beach. As always thank you for watching and for your great comments! Roberto from Switzerland (founder of the Swiss Travel Channel) If you enjoyed the video, why not subscribe and/or like the video? ;) Thank you for your support! More videos to come! Link to my channel: http://www.youtube.com/c/SwissTravelChannel SwissTravelChannel is a YouTube channel of my holiday’s trips videos, taken all around the world since 2008. Some are for pure tourism and others are more of an adventure. The videos usually show the top best tourist attractions, the top things to do and top places to see. The goal is to inspire others on their next vacations. The videos can also be seen as a guide to have an idea of the main highlights and places to explore. I love to take pictures of the nature, traditions and different cultures, to search the must-see spots and show the essentials in my videos, for this reason I always try to create the perfect vacation. Traveling is more than a hobby for me, is a way of life. Photocamera: Sony Cyber-shot DSC-T99 Editing program: Magix Movie Edit Soundtracks: 1. Play by Funk SYDNEY (source Wikipedia): Sydney is the state capital of New South Wales and the most populous city in Australia and Oceania. Located on Australia's east coast, the metropolis surrounds the world's largest natural harbour and sprawls about 70 km (43.5 mi) on its periphery towards the Blue Mountains to the west, Hawkesbury to the north and Macarthur to the south. Sydney is made up of 658 suburbs, 40 local government areas and 15 contiguous regions. Residents of the city are known as "Sydneysiders". As of June 2016 Sydney's estimated population was 5,029,768. The Sydney area has been inhabited by indigenous Australians for at least 30,000 years. Lieutenant James Cook first landed at Kurnell in 1770, when navigating his way up the east coast of Australia on his ship, HMS Endeavour. It was not until 1788 when the First Fleet, which contained convicts and was led by Captain Arthur Phillip, arrived in Botany Bay to found Sydney as a penal colony, the first European settlement in Australia. Phillip named the city "Sydney" in recognition of Thomas Townshend, 1st Viscount Sydney, Home Secretary in 1788. There are examples of rock art and engravings located in the protected Ku-ring-gai Chase National Park, as well as the Royal National Park. Since convict transportation ended in the mid-19th century, the city has transformed from a colonial outpost into a major global cultural and economic centre. The municipal council of Sydney was incorporated in 1842 and became Australia's first city. Gold was discovered in the colony in 1851 and with it came thousands of people seeking to make money. Sydney became one of the most multicultural cities in the world after the mass migration following the second World War. According to the 2011 census, more than 250 different languages were spoken in Sydney and about 40 percent of residents spoke a language other than English at home. Furthermore, 36 percent of the population reported having been born overseas. Despite being one of the most expensive cities in the world, the 2014 Mercer Quality of Living Survey ranks Sydney tenth in the world in terms of quality of living, making it one of the most livable cities. It is classified as an Alpha World City by Globalization and World Cities Research Network, indicating its influence in the region and throughout the world. Ranked eleventh in the world for economic opportunity, Sydney has an advanced market economy with strengths in finance, manufacturing and tourism. There is a significant concentration of foreign banks and multinational corporations in Sydney and the city is promoted as one of Asia Pacific's leading financial hubs. Established in 1850, the University of Sydney is Australia's first university and is regarded as one of the world's leading universities. In addition to hosting events such as the 2000 Summer Olympics, Sydney is amongst the top fifteen most-visited cities in the world, with millions of tourists coming each year to see the city's landmarks. Its natural features include Sydney Harbour, the Royal National Park, and the Royal Botanic Garden. Man-made attractions such as Sydney Tower, the Sydney Harbour Bridge, and the Sydney Opera House (which became a World Heritage Site in 2007), are also well known to international visitors. The main passenger airport serving the metropolitan area is Kingsford-Smith Airport, one of the world's oldest continually operating airports. Opened in 1906, Central station is the main hub of the city's rail network.
Views: 179989 Swiss Travel Channel
Islamic finance 29 Oct 13, BBC World ('Global'; Jon Sopel)
Comment on UK government's announcement of the issue of an Islamic bond; a Saak (plural Sukook)
Views: 2165 handshaikh
The rise of China
In this video recorded on the 30th of June 2015 at the Crawford Australian Leadership Forum, Professor Richard Rigby from The ANU China Institute speaks with Andrew Sheng. They discuss the radical transformation of China, the complexities of Chinese society and its governance. Image by: David Marchioni
Views: 16087 ANU TV
Islamic Finance - FOREX Trading: Halal or Haram by Sheikh Hacene Chebbani
Sheikh Hacene Chebbani was born in Algeria and has been living in Canada since 1997. Sheikh Hacene has completed a Master's in Islamic finance (2012) from UK. In 1993 he graduated in Sharīah (BA) from the Islamic University of Madinah. While there he took the opportunity to study Aqīdah, Fiqh and Hadīth with some of the notable scholars of that blessed city. In Canada Sheikh Hacene has worked in Islamic schools teaching the Arabic language and Islamic studies and has served as Sharīah consultant and head teacher for over 6 years. Sheikh Hacene is currently an Imam in Calgary where he gives regular classes and counseling, leading the prayers for a diverse community. He is married and has 5 children and enjoys sports and reading in his spare time.
Views: 106663 IISC Multimedia
Soft Power and cultural diplomacy
Session 3 of the Japan Update held at ANU on October 12th, 2015.
Views: 2952 ANU TV
Yanni Nightingale Live At El Morro (Lauren Jelencovich)
Lauren Jelencovich AMAZING VOCALS and control!! So pure and Effortless! To see this Performace LIVE for yourself Check out http://www.yanni.com for tour dates!! They will be all over the United States and Canada! VIP tickets available to! VIP TOUR are lead by Lisa Lavie and Lauren Jelencovich. You never know!! Yanni may pick your City to make an Appearance on the VIP TOUR!! I OWN Nothing~ Copy Rights belong to Their RIGHTFUL OWNERS
Views: 784542 deltaguy28
Talal Yassin - International Halal Conference Australia 2016
Topic: The Power of Investing Islamically Mr. Talal Yassine ranked in the Top 50 most Influential Leaders in 2015 in the global Islamic Economy according to ISLAMICA’s Top 500 Most Influential Muslims in the world. In 2010, Mr. Yassine was awarded a Medal of the Order of Australia (OAM) for his service to business and to the community through a range of education, health and multicultural organisations. Mr. Yassine has featured regularly in global media and as a key note speaker in major conferences such as the World Islamic Economic Forum, The Global Islamic Economic Summit, The Global Islamic Investment Gateway, The Australian Arab Chamber of Commerce & Industry, and the Committee for Economic Development of Australia. He also currently serves as a Non-Executive Director on the Whitlam Institute and as the Chairman of the Australian Department of Foreign Affairs: Council of Australian-Arab Relations. Mr. Yassine is the Managing Director of Crescent Wealth. Talal holds a Master of Laws, and Master of Business Administration.
euronews business planet - Financing for the future
http://www.euronews.com/ Crowdfunding is a way of financing a business venture: small contributions from dozens, if not hundreds of investors via social networking sites for example. It's increasingly popular in Europe. Last year nearly 500 million euros were raised this way, twice as much as in 2011. Sellanapp is the very first crowdfunding platform specialising in the field of Smartphone apps. The concept is very simple: you have an idea, you promote it on the platform and if other users like it, they finance it and the company then carries out the development. In a few months, the platform has attracted nearly 300 investors from all over the world. Aernoud Dekker, the founder of Sellanapp said, "Right now, in the age of the internet, it's easier to find 100 people each pledging 5 euros than one person who'll give you 500 dollars for an idea." Four employees in Amsterdam, six developers and designers in France and in Ukraine - this thriving business was itself created thanks to crowdfunding, a system with its own unique advantages. Aernoud Dekker said, "The most interesting aspect of crowdfunding is that you are actually voting with your wallet. Instead of saying I like this idea, or I like this band, or I like this product , you are committing money to it.The second thing is that you spread the investment risk over a lot people." While getting funding from the banks has become increasingly difficult, crowdfunding has a real advantage: it also gives entrepreneurs easier access to other types of financing, like venture capital or Business Angels. Oliver Gajda, the co-founder of the European Crowdfunding Network said, "For this type of investor, crowdfunding can of course prove that the concept is attractive to other people. Plus it can de-risk the whole investment by bringing other investors on board." There are around 200 crowdfunding platforms in Europe. Before approaching one, think your idea over carefully, and especially how you're going to present it. Oliver Gajda said, "You have to be able to sell your idea in your pitch on the crowdfunding platform, which is often restricted to a small video, and some text. This is the key. This is the key." Aernoud Dekker sums up the key to success: "The key success factors for a successful crowdfunding campaign are: keep it simple. A simple story will reach more people. More media is more money. So open all media channels you can possibly reach. And 3, take the people who pledge on your idea seriously. Because they will be your future ambassadors." Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
Views: 2155 euronews (in English)
Finance and accounting jobs employment outlook in Australia | Robert Half Recruitment
David Jones, Managing Director of Asia Pacific for Robert Half recruitment agency http://www.roberthalf.com.au shares the results from our latest survey of CFOs and Finance Directors across Australia on the hiring outlook for jobs for finance and accounting professionals http://www.roberthalf.com.au/financial-employment-report. He gives insight into if the results mirror the demand for accounting staff that Robert Half consultants are seeing on the ground. David touches upon regional differences and makes predictions into which industries will be hiring and the jobs in accounting and finance that will be in demand in 2012. In the interview he also discusses how the Australia mining boom is impacting jobs, concerns around the retention of staff and pay rates for accounting and finance professionals. Robert Half http://www.roberthalf.com.au specialises in recruitment for finance, accounting and IT professionals around the world. Subscribe to our YouTube channel for video interviews with business leaders, insights into job recruiting and industry news.
ACCA F9 Islamic Finance
ACCA F9/P4 Course: http://www.globalapc.com A.P.C is ACCA gold learning provider and our average pass rate is around 90%. Please #Subscribe Us#, Any feedback gratefully received!
How Does Islamic Home Finance Work? (2012)
The current financial system works like a factory that sells money for more money, creating crisis after crisis. Is Islamic home finance a real alternative to traditional mortgage financing? Watch the video and learn about Guidance Residential's faith-based home financing program. This co-ownership program uses a unique non-lending method to help people of all faiths fulfill their dream of owning a home. Guidance Residential, LLC #1 National Provider of Islamic Home Financing www.GuidanceResidential.com GUIDANCE RESIDENTIAL, LLC, NMLS# 2908, 11107 SUNSET HILLS RD, SUITE 200, RESTON, VA 20190
Views: 48465 Guidance Residential
MCCA Islamic finance in Australia since 1989
MCCA started business in 1989 as a registered cooperative in the inner Melbourne suburb of Burwood with $20,000 and a vision to address the financial, banking and investment needs of the Australian Muslim community by offering Islamic finance products. Today, MCCA is a national organisation that has facilitated over $900 million in Islamic home finance and manages close to $50 million in investments.
Views: 1728 Mcca Aus
Kuala Lumpur Malaysia - Islamic Finance in Action
Full video here http://www.bloomberg.com/video/kuala-lumpur-shows-islamic-finance-in-action-pbDfDGUDQ6KHMMJT9YsPZw.html
Views: 4512 gmshadowtraders
ISLAM SHOCKING VIDEO-WHAT YOU DON,T KNOW... !!!! very shocking video Convert to Islam or Read More Click Here :http://www.islamreligion.com the three prophets are directly descended from the two sons of Abraham, Ishmael and Isaac. Muhammad is a descendant of the eldest son, Ishmael. Moses and Jesus descended from Isaac. Abraham established a settlement, which today is the city of Makkah and built the Ka'abah towards which all Muslims turn when they pray. Furthermore, throughout the Muslim holy book, the Qur'an, the links between these religions are affirmed: Say: We believe in God, and in that which has been sent down on us, and that sent down on Abraham, Ishmael, Isaac, Jacob, and their descendants, and that which was given to Moses and Jesus, and was given to all the prophets, from their Lord; we make no distinction between any of them; and we surrender ourselves to God alone. (Qur'an 2:136) Christians and Jews hold a special place in Islam. They are called the People of the Book (Ahl al-Kitab), since the original Torah and Gospel were also divinely revealed and they shared in the prophetic tradition. True Islamic states have always shown their religious minorities tolerance and respect and those communities flourished under Islamic rule. God says: "...Those who believe (in the message of Islam), and the Jews, the Sabaeans, and the Christians - all those who believe in Allah and the Last Day, and act righteously - no fear shall come upon them..." (Qur'an 5:69) Islam is the religion of all those prophets Peace be upon them. Islam believes in All scriptures, the True Torah, the True Bible and the Quran
Views: 5490850 nogodbut1allah
Four Things You Need to Know about Islamic Finance
The International Monetary Fund says that the principles of Islamic Finance hold the promise of supporting financial stability, since a key tenet of Islamic finance is that lenders should share in both the risks and rewards of the projects and loans they finance.
Views: 51395 imf
Islamic Banking & Finance Conference 2014 - Thorsten Beck's keynote
Professor Thorsten Beck of Cass Business School and Tilburg University gave the keynote speech at the 4th Islamic Banking and Finance Conference, hosted by Lancaster University Management School. In his speech he explained the role of Islamic banking in the modern world. He highlighted the results of a research study comparing the performance of both Islamic and conventional banks from around 22 countries, with aspects of business orientation, efficiency, asset quality and stability. Islamic banks were revealed to be more capitalized but less cost-efficient, which could be due to differences in the business model. As to lines of future research enquiry, those might include the drivers of the expansion of the industry, its role in financial inclusion, and the type of customers who uses Islamic banking services, as well as the type of products offered, given a choice in the market between competing systems.
Views: 6570 LancasterManagement
Truman & Groucho talk about Ring Lardner
Add "&fmt=18" for the high-resolution version. From THE DICK CAVETT SHOW. May 25, 1971.
Views: 234652 cavettbiter
Islamic Finance - Part I (Riba) by Sheikh Hacene Chebbani
Sheikh Hacene Chebbani was born in Algeria and has been living in Canada since 1997. Sheikh Hacene has completed a Master's in Islamic finance (2012) from UK. In 1993 he graduated in Sharīah (BA) from the Islamic University of Madinah. While there he took the opportunity to study Aqīdah, Fiqh and Hadīth with some of the notable scholars of that blessed city. In Canada Sheikh Hacene has worked in Islamic schools teaching the Arabic language and Islamic studies and has served as Sharīah consultant and head teacher for over 6 years. Sheikh Hacene is currently an Imam in Calgary where he gives regular classes and counseling, leading the prayers for a diverse community. He is married and has 5 children and enjoys sports and reading in his spare time.
Views: 30606 IISC Multimedia
What Does a Mortgage Broker Do?
Watch this explainer video to learn more about the services a mortgage broker provides. Visit my website to lean more: http://www.scottdawson.ca
Views: 8885 Scott Dawson
Careers in Islamic Finance | Mr Mohammed Amin, Tax Partner, PricewaterhouseCoopers LLP
Institute of Islamic Banking and Insurance (IIBI) is a non-profit organisation that exists to create a wider base of knowledge and understanding of the Islamic financial system and to help the exchange of information between the Islamic and other financial systems through education, workshops, discussions, research and publications directed also towards raising public awareness of the consequences of financial dealings devoid of moral and ethical principles. To find out more about IIBI, visit our website. http://www.islamic-banking.com http://www.newhorizon.islamicbanking.com
Views: 1478 IIBILondon
Basics of Islamic Finance & Banking(full) HD
http://islamicfinanceonline.blogspot.com http://bit.ly/onlineislamicfinance http://islamicfinanceonline.weebly.com http://islamicfinanceonline.wordpress.com http://islamicfinance.tumblr.com http://www.facebook.com/IslamicFinanceOnline http://www.facebook.com/OnlineIslamicFinance http://twitter.com/financeinislam [email protected] The Organization Renascence Educational Empowerment for Awareness and Awakening(REEFAAA) focuses on the production,propagation and dissemination of digital educational modules pertainym islamic finance and economics.The Consultancy provides online educational material,literature and counselling on the subject matter of Islamic Finance.The Consultancy also conducts research and analysis on emerging areas of islamic finance,investments,markets,tools and products. The Consultancy has plans to launch a comprehensive online educational certification system in the field of islamic finance and economics. Mission:To propagate and disseminate ethical economic and financial practices through the medium of islamic finance and economics.To assist in the transition of an interest based economy to an interest free economy. Products:educational videos, eBooks,articles, power presentations,audio lectures etc via youtube,slide share,scribd,google docs,facebook,email,twitter etc
Views: 80082 Islamic Finance
Why Islamic Finance Part 1
What makes Islamic finance different from conventional finance? And what makes it better? We look at 3 real-world examples and find out. We also introduce you to the 4 principles that guide Islamic finance transactions. Take a 7-Day FREE course in Islamic banking and get a new CIFE™ lesson delivered to your inbox including training videos, exercises, quizzes... Become a Certified Islamic Finance Executive™ (CIFE™). Sign up here: http://www.EthicaInstitute.com
Views: 32153 EthicaInstitute
Islamic finance: the future is great, believes Dr Kamal Munir
The Islamic finance industry is facing a great future, not only because it offers a stable banking system, but also because its benefits are being realised by a greater number of people. Launching his new Cambridge Judge Business School Executive Education programme on Islamic finance, Dr Kamal Munir, Reader in Strategy & Policy at Cambridge Judge Business School, says the British government's move to issue an Islamic bond is good news for the industry.
Islamic Finance (Introduction and Key Principles) by Almir Colan (Webinar recording)
This Islamic Finance lecture will cover following topics: Right Attitude and Mindset Money - Historic Perspective Difference between Islamic & conventional bank Basic modes of Islamic Financing Key Principles underlying Islamic finance Prohibition of interest (riba) Prohibition of uncertainty & speculation (gharar) Why Islamic finance New AusCif Initiative Q&A Presenter: Almir Colan http://almircolan.com/ Founder of Australian Centre For Islamic Finance (AusCif) Linkedin Profile: au.linkedin.com/in/almircolan Learn more about Islamic finance courses at: www.auscif.com
Views: 20439 AUSCIF
Education in Australia: Past, Present, Future
A short introduction into the Australian education system. Looking at the social, political, economic, industrial, global and philosophical contexts and forces that impinge on the changes in education.-- Created using PowToon -- Free sign up at http://www.powtoon.com/ . Make your own animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
Views: 11977 Matt Tempone
How Islamic banking is different from conventional banking
Differences Between Islamic Bank and Conventional One must refrain from making a direct comparison between Islamic banking and conventional banking (apple to apple comparison). This is because they are extremely different in many ways. The key difference is that Islamic Banking is based on Shariah foundation. Thus, all dealing, transaction, business approach, product feature, investment focus, responsibility are derived from the Shariah law, which lead to the significant difference in many part of the operations with as of the conventional The foundation of Islamic bank is based on the Islamic faith and must stay within the limits of Islamic Law or the Shariah in all of its actions and deeds. The original meaning of the Arabic word Shariah is 'the way to the source of life' and is now used to refer to legal system in keeping with the code of behaviour called for by the Holly Qur'an (Koran). Amongst the governing principles of an Islamic bank are : * The absence of interest-based (riba) transactions; * The avoidance of economic activities involving oppression (zulm) * The avoidance of economic activities involving speculation (gharar); * The introduction of an Islamic tax, zakat; * The discouragement of the production of goods and services which contradict the Islamic value (haram) On the other hand, conventional banking is essentially based on the debtor-creditor relationship between the depositors and the bank on one hand, and between the borrowers and the bank on the other. Interest is considered to be the price of credit, reflecting the opportunity cost of money. Islamic law considers a loan to be given or taken, free of charge, to meet any contingency. Thus in Islamic Banking, the creditor should not take advantage of the borrower. When money is lent out on the basis of interest, more often that it leads to some kind of injustice. The first Islamic principle underlying for such kind of transactions is "deal not unjustly, and ye shall not be dealt with unjustly" [2:279] which explain why commercial banking in an Islamic framework is not based on the debtor-creditor relationship. The other principle pertaining to financial transactions in Islam is that there should not be any reward without taking a risk. This principle is applicable to both labor and capital. As no payment is allowed for labor, unless it is applied to work, there is no reward for capital unless it is exposed to business risk. Thus, financial intermediation in an Islamic framework has been developed on the basis of the above-mentioned principles. Consequently financial relationships in Islam have been participatory in nature.
Views: 26280 Erooth Mohamed
How Islamic Home Finance Works
http://www.ethicainstitute.com In 2009 Nick lost his job, his house, and all the money he had spent paying off his mortgage. The property bubble that triggered the global financial meltdown could not have happened if the properties had been financed Islamically. Why? Because a conventional bank merely lends out cash. Legally, it can keep lending this cash over and over. Well above its actual cash reserves. An Islamic bank, on the other hand, has to take direct ownership of an actual asset. Whether for a longer period in a lease or partnership, or a shorter period in a sale or trade, Islamic finance always limits the institution to an actual asset. The next time anyone wonders whether Islamic banking is just dressed up conventional banking, ask them to show you a single major consumer bank that co-owns actual properties with their customers. Of course, there's no excuse for Islamic banks that are Islamic in name only. But if the transaction complies with internationally recognized standards like AAOIFI, for instance, then there's no reason for it to have the many side effects associated with interest-based banking. To provide just one example of how Islamic banks get directly involved in asset purchases, let's look at how a Diminishing Musharakah works. The word Musharakah refers to a partnership in Islamic finance. And it's called a Diminishing Musharakah because the banks equity keeps decreasing throughout the tenure of the financing, while the client's ownership keeps increasing through a series of equity purchases. Eventually, the client becomes the sole owner. If Nick had lost his job, with a Diminishing Musharakah, at the very least, he would still have an equity stake in an actual property that he could monetize. Pay close attention to this example because this is something you may want to suggest to your own local bank. There's no reason why they can't do it. We've kept all the numbers and calculations very simple and straightforward for illustration purposes. At no time does the homebuyer pay any interest. And, certainly, at no time does any payment compound. The homebuyer just pays for two things: the house, in small payments, little by little. And the rent, for the portion of the house he doesn't yet own. This simple structure is something that just about any conventional bank can offer today. It takes a leap of faith for banks accustomed to all-cash interest-based lending to suddenly become direct stakeholders in property. But as the growth of Islamic banking shows, these concerns are misplaced. Call it Islamic finance, ethical finance, or conventional finance, when a bank takes real ownership of an asset, economies don't fall apart like a house of cards.
Views: 8248 ethicainst
Introduction to Islamic Banking - Part 1 of 2
An introduction to Islamic Banking - Presentation, Product Development and Shariah Compliance, Meezan Bank Ltd. (Pakistan)
Views: 5831 IslamicBankingonline
Australian Islamic College
http://www.aic.wa.edu.au Educational Institution. As seen on Education & Training. Proudly produced in association with http://www.mrginternational.com
Views: 11359 MRGTV
How Does Islamic Home Finance Work? (2013)
The current financial system works like a factory that sells money for more money, creating crisis after crisis. Is Islamic home finance a real alternative to traditional mortgage financing? Watch the video and learn about Guidance Residential's faith-based home financing program. This co-ownership program uses a unique non-lending method to help people of all faiths fulfill their dream of owning a home. Guidance Residential, LLC #1 National Provider of Islamic Home Financing www.GuidanceResidential.com GUIDANCE RESIDENTIAL, LLC, NMLS# 2908, 11107 SUNSET HILLS RD, SUITE 200, RESTON, VA 20190
Views: 805917 Guidance Residential
Islamic Finance in non-Muslim Countries
(www.abndigital.com) The Sharia way of banking has been seen at 1.2 trillion dollars and is rapidly growing in the finance industry. Islamic Finance is said to add to a countries annual GDP growth, cut their projected deficit and open tens of thousands of job opportunities for the unemployed. To give a deeper insight into the World of Islamic Finance we have Mohammed Kaka, General Manager at Al Baraka, and Yusuf Dukander, Project Director at the South African Institute of Chartered Accountants.
Views: 3735 CNBCAfrica
Islamic banking courses on Murabaha (Part 1)
http://www.ethicainstitute.com Learn about the most widely used Islamic finance product: buy an asset for the customer; sell the asset at a premium in installments to the customer. That's a Murabaha. In these modules we introduce Murabahas and walk you through the first 5 of the 7 important steps necessary for a Murabaha's valid execution. Wrap up the 7 steps to executing a Murabaha: we cover steps 6 and 7 and go on to discuss common mistakes bankers make when executing Murabahas and how to avoid them. We also look at risk management, default, early repayment, and profit calculation in Murabahas. So how does it work in the real world? We look at 6 practical examples of Murabahas based on installment repayments, bullet repayments, advance payments, and credit and import Murabaha.
Views: 28485 EthicaInstitute
Part 3   Islamic Finance and Malaysia
Part 3 Islamic Finance and Malaysia by Prof Dr Abbas Mirakhor
Views: 698 INCEIF2011
How Islamic Finance Works
This is the VOA Special English Economics Report, from http://voaspecialenglish.com Dubai's recent debt problems have brought attention to the growth of Islamic finance. A government-owned group of companies, Dubai World, has been seeking to restructure twenty-six billion dollars of debt. About six billion of it is in Islamic bonds, including a three and a half billion dollar bond set for repayment in December. The biggest difference between Western and Islamic finance involves beliefs about charging interest on borrowed money. In Islam, the basic idea is that you should not make money from money itself. Instead of interest, lenders charge fees. Ghiyath Nakshbendi at American University in Washington is an expert on Islamic financing. He says: "The bank will estimate its costs based on its fixed costs, variable costs, the cost of their employees, the rent and so on and so forth. And from that they estimate how much they are going to charge. But he points out that this system can make Islamic financing costly. The costs of the system are shared by the borrowers. The fewer the borrowers, the more each has to pay. In many cases, Islamic financing requires the lender and borrower to share profits and losses. Ghiyath Nakshbendi explains what that means with Islamic bonds, called sukuk. He says the bondholders are buying a share of a business or property. If business is good, then they could get back more than they expected. But if it fails, then there is no guarantee of repayment. Islamic bonds can be structured in different ways, but a major idea is shared profit and loss. Professor Nakshbendi says Islamic lending practices are also supposed to be socially responsible. In world banking, the total share of Islamic finance is less than one percent. But it is growing at a rate of fifteen to twenty percent a year. There is growing interest in Islamic banking in the West. London is becoming a center of Islamic finance. And France recently proposed changes in finance laws to protect Islamic bondholders. Estimates differ, but as much as one and a half trillion dollars may be managed under Islamic rules. In two thousand eight, the International Monetary Fund studied the financial security of Islamic banks. It found that their lack of complex products like futures and derivatives limits the ability to spread risk. And that's the VOA Special English Economics Report. (Adapted from a radio program broadcast 11Dec2009)
Views: 19327 VOA Learning English
Is Islamic Banking 100% Islamic Dr Zakir Naik
Is Islamic Banking 100% Islamic Dr Zakir Naik
Views: 128806 Taher Khan
London aims to become Islamic finance centre
British Prime Minister David Cameron said Tuesday that London aims to become a top capital of Islamic finance as the city played host to the first World Islamic Forum outside the Muslim world.
Views: 1471 AFP news agency
Paneer Sandwich Recipe
Click http://nishamadhulika.com to read Paneer Sandwich Recipe in Hindi Subscribe for more recipes - http://www.youtube.com/subscription_center?add_user=nishamadhulika For the Best recipes on YouTube, log onto - http://www.youtube.com/nishamadhulika Find us on Facebook at - hhttps://www.facebook.com/nishamadhulika Visit my Hindi Website http://nishamadhulika.com
Views: 364101 Nisha Madhulika
Bloomberg Global News
Bloomberg Global News brings you live coverage of the markets open and close, plus everything you need to know across business, finance, technology, politics and more daily. To watch complete markets coverage on Bloomberg Television 24/7, visit http://www.bloomberg.com/live, the Bloomberg mobile app for iOS and Android, and on Apple TV, Roku, Samsung TV, Amazon Fire and Google TV. Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/bloombergbusiness/
Views: 20751590 Bloomberg
FRANCE 24 Live – International Breaking News & Top stories - 24/7 stream
Watch FRANCE 24 live in English on YouTube for free Subscribe to France 24 now http://f24.my/YouTubeEN Watch France 24 live news: all the latest news live broadcasted from Paris, France. Le DIRECT France 24 en français : http://f24.my/YTliveFR France 24 EN VIVO en Español: http://f24.my/YTliveES فرانس 24 البث المباشر http://f24.my/YTliveAR Like us on Facebook: https://www.facebook.com/FRANCE24.English Follow us on Twitter: https://twitter.com/France24_en FRANCE 24 INTERNATIONAL NEWS 24/7 http://www.france24.com
Views: 6424689 FRANCE 24 English