Comments on: Islamic mega-bank prays for support http://blogs.reuters.com/great-debate/2009/04/06/islamic-mega-bank-prays-for-support/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: herself311 http://blogs.reuters.com/great-debate/2009/04/06/islamic-mega-bank-prays-for-support/#comment-28523 Mon, 18 Jan 2010 00:29:57 +0000 http://blogs.reuters.com/great-debate/?p=2897#comment-28523 You want to know why he is a billionaire? Take a look at the financing…it’s basically the same as interest except they use material belongings. He’s a billionaire and the people are dirt poor. The west has a much better banking system. Just look at the living standard from the west to the mid east. Like duhhhhh.

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By: matt http://blogs.reuters.com/great-debate/2009/04/06/islamic-mega-bank-prays-for-support/#comment-12856 Tue, 14 Apr 2009 12:50:27 +0000 http://blogs.reuters.com/great-debate/?p=2897#comment-12856 April 7th, 2009 9:18 am GMT – Posted by Alex Holding“– Margaret Doyle is a Reuters columnist. The opinions expressed are her own –” Is this posted on all articles about religion, or just certain subjects/authors…Of course she has to put this note up when writing about Islam or Muslims….I am sure she has no desire to be blown up by a suicide bomber.

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By: Alex Holding http://blogs.reuters.com/great-debate/2009/04/06/islamic-mega-bank-prays-for-support/#comment-12331 Tue, 07 Apr 2009 14:18:37 +0000 http://blogs.reuters.com/great-debate/?p=2897#comment-12331 “– Margaret Doyle is a Reuters columnist. The opinions expressed are her own –” Is this posted on all articles about religion, or just certain subjects/authors…

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By: Mus http://blogs.reuters.com/great-debate/2009/04/06/islamic-mega-bank-prays-for-support/#comment-12330 Tue, 07 Apr 2009 14:12:19 +0000 http://blogs.reuters.com/great-debate/?p=2897#comment-12330 I think Islamic Banking is probably the way to go. We’ve seen successfully micro financing banks in South Asia who come close to the purpose of existence of Islamic banking which is help people in need and the idea of profit sharing is perfect. Risk is little and considering 10 Billion $’s are being pumped into one big bank tells us that the future might head in that direction.

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By: Chris Semple http://blogs.reuters.com/great-debate/2009/04/06/islamic-mega-bank-prays-for-support/#comment-12327 Tue, 07 Apr 2009 11:03:30 +0000 http://blogs.reuters.com/great-debate/?p=2897#comment-12327 The Christian Bible also advises against collecting interest on loans. Maybe this is where we all have gone wrong building a society and system that revolves around this- spending what we don’t have and making the poor, poorer.

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By: Sameh http://blogs.reuters.com/great-debate/2009/04/06/islamic-mega-bank-prays-for-support/#comment-12323 Tue, 07 Apr 2009 09:12:43 +0000 http://blogs.reuters.com/great-debate/?p=2897#comment-12323 The Islamic banking system is as risky or even riskier than the conventional banking system , because is totaly based on assets intermediation. The asset could be a real estate, commercial asset or commodity.The financial crisis has touched much of the assets markets. So the Islamic banking is facing a large decrease in its assets collateral which makes the islamic finance much riskier in the crisis.Not to mention the poor risk management and hedging tools used in Islamic Finance.Sameh,Islamic Banking Expert.

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By: Ismail http://blogs.reuters.com/great-debate/2009/04/06/islamic-mega-bank-prays-for-support/#comment-12320 Tue, 07 Apr 2009 08:57:18 +0000 http://blogs.reuters.com/great-debate/?p=2897#comment-12320 We in India have seen a mix or private banks become national and the tenets of banking has been unsury.The basic tenet of Islamic banking is your money cannot grow without risks or hardwork. I guess lots of us are totally fine with it.We should laud banks like HSBC who have taken a lead, and set an example and become successful as well.

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By: Hefni http://blogs.reuters.com/great-debate/2009/04/06/islamic-mega-bank-prays-for-support/#comment-12309 Tue, 07 Apr 2009 06:11:04 +0000 http://blogs.reuters.com/great-debate/?p=2897#comment-12309 I wonder how much Margaret Doyle is being paid to HSBC advertisement. It’s quite difficult to conceive this article as being anything but.

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By: shabbir http://blogs.reuters.com/great-debate/2009/04/06/islamic-mega-bank-prays-for-support/#comment-12236 Mon, 06 Apr 2009 12:24:35 +0000 http://blogs.reuters.com/great-debate/?p=2897#comment-12236 kind of negative review for islamic banks, even after so much lost in the market on the basis of interest and laverage. not only muslims but world need different system. Not to mention HSBC lost money as well and came up with right issue of shares. well hope west got its printing press for currency after all.

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By: Gulamhusen http://blogs.reuters.com/great-debate/2009/04/06/islamic-mega-bank-prays-for-support/#comment-12235 Mon, 06 Apr 2009 12:16:32 +0000 http://blogs.reuters.com/great-debate/?p=2897#comment-12235 There can never be a supranational Islamic banking institution because then it becomes ribaa, since they will involve in various currencies which are already fiat and based on Ribaa.Muslims countries are not very good examples of free economies and therefore such institutions can be mis-used by those wielding power.Only localised banks that cater to local people and that use barter or some sort of trading can be Islamic in true sense of the word. Islamically the rich should assist the poor in becoming free and self empowered.Everything else is a money making scheme, no different from the Western banks.

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