my Coursenotes in preparation to deliver my "Shariah Based Investment
Banking Course" to industry players at PJ Hilton next week I came across
these two slides which I feel is important enough to share with all :
• Can we conduct LBO’s and Growth Capital in a Shariah Compliant manner? • These areas especially Growth Capital seems to be the most underdeveloped area in Islamic finance. • As banks are stuck in the mould of debt; the Islamic version of banks is also stuck in the mould of debt financing.
• This is because over the centuries this culture of risk aversion has
been drummed into our heads that risk becomes a four letter word.
leaders must be aware of big picture. Taught Sukuk in house at JCorp.
As usual a lot of story telling on fiat money, fractional reserve
banking, rich gets richer poor gets poorer system, profit maximisation
and jobless graduates and school leavers, USD, Riba, AlAqsa,
secularisation, and the mindless Islamic Financial system being
practised now. A participant asked, who understands all this in order
for us to change, En Zahid? A sobering thought when another participant
said "Is not that person you, En Zahid?"
For what higher title do we carry than to be the Vice Regent of Allah on this earth?
" By time, verily Man is in loss except those who believe and do righteous deeds. And reminds one another with truth. And reminds one another with patience." Surah Al-'Asr.
"The person who utters a word which meets with God's favour may think it has not been heard, yet for this word, God will raise him to a higher level of Jannah. Conversely, the person who utters a word that stirs God's anger may give no thought to what he said, only to have God cast him in Hell for seventy years."
(Narrated by Malik and al-Tirmidhi, also by al-Nasa'i and Ibn Majah)
"Dear God You do not burden that I must but win, but You command that I must but try. Dear God count me amongst those who try. Verily my solah, my ibadah, my life and my death is only for You, Master of all Universe. Peace and aching salutations to the love of our life Muhammad s.a.w"
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Thesis download : "The Negative Impact of Riba Banking on the Performance of Islamic Banking in a Dual System"