Comments on: France courts Islamic finance, as long as it’s not too obvious

By: david van rensalaer

david van rensalaer — Tue, 24 Nov 2009 15:44:22 +0000

Islamic finance is just creating a larger product offering among financial instruments. Larger product offering means more activity, more revenue, more profits, more jobs. When you look at premium employment websites (ones that don’t have agencies, but just big companies) like http://www.qual.fr or specialized elite recruitment portals, you can see that despite all the downturn in the financial sector, finance jobs are still multiplying like crazy. So long live Islamic finance: let’s usher in for the next wave hindu finance, jain finance, hasidic finance….

By: Zamir Ahmed

Zamir Ahmed — Fri, 25 Sep 2009 04:50:33 +0000

drewbie & kamaljit bassi. You are envy of Islam and Islam phobia. You are sick people. The world is on the age of hell fire and they not only need Islamic banking but also true faith of Islam to save the mankind from hell fire…

zamir ahmed
India
pathanzamir@gmail.com

By: kamaljit bassi

kamaljit bassi — Sat, 19 Sep 2009 14:11:31 +0000

but surely,this system of banking,will alienate and even force a more self-imposed ostracism of muslim people and cause more socail problems?any views please?

By: drewbie

drewbie — Tue, 15 Sep 2009 16:34:01 +0000

Why not call it a Sharia Bank instead of an Islamic bank then? I don’t call yoga studios “Indian Studios,” nor do I call an acupuncture offices “Chinese Offices.”

By: Hal

Hal — Sat, 12 Sep 2009 23:49:40 +0000

@ Rob :
Your analysis is totally accurate : since Islamic Finance is open to everybody, it would indeed gain from adopting a more universal terminology.

@ Bll :
Branding islamic finance could make it more acceptable by some people, but you need to call things by their name. Yoga is Indian; acupuncture is Chinese and Sharia finance is Islamic.

@ Antonio :
Please step down to the sandbank and puke on your shoes.

By: bll

bll — Fri, 11 Sep 2009 21:32:15 +0000

Perhaps the term ‘Islamic’ has got to do everything about it, not the financial services nothing’s wrong with it, it’s just the branding.

By: Rob

Rob — Fri, 11 Sep 2009 16:41:56 +0000

It is archaic method for a bank to pronounce that they are adhering to a certain set of rules. Naming a bank as Islamic always give the impression that it is only serving a particular religious group and engaging business with them indicate adherence to that specific religion. It makes non-Muslims uneasy and doubtful whether it is religiously correct for them to do business with them.

They should come up with a certain neutral rule set, calling it something like the Vienna Laws or something, which is able to serve both the Muslims and non-Muslims.

A Islamic bank has one too many terms Islamic terms in their offerings for their own good.

Society as a whole should embrace a secular institutions rather than regress back to the medieval ages when things are segregated by faith.

We must not bow down to these Islamic pressure. Especially Europe which had been at the forefront of human civility and societal advances. Integrate, immigrants, not isolate!! ( Don’t confuse with assimilate) After all, if you wish to migrate to France or any other European nation, you must be prepared to absorb their culture and their way of life, rather than pressuring them to adhere to yours.

Unless you’re an illegal immigrant who knows no better. If that’s the case, go back home. Don’t create trouble here, and make a bad name for the rest.

By: Antonio

Antonio — Fri, 11 Sep 2009 16:09:58 +0000

This sucking up to Islamic money makes one want to puke. It was bad enough giving it to them in the first place; now let’s have some dignity and tell them to use the sandbank.