08-17-2007, 03:56 PM
ISLAMIC BANKING â ACCOUNTANCY COME
Mr. Astute Accountant â you remarks that âyou talked about Islamic banking would be a blast in todayâs banking however your totally failed to explain HOw!!â
If a person is educated it does not necessarily means he is also literate. Reading anything a news item or a fiction in itself is to some extent an art. Every one can read the written word but it does not necessarily means the reader has understood what is written. A good readerâs eyes, for example, reading a news item also automatically catches the fine print naming news agency name, dateline, item picked up from what source and then makes a picture of the true content. This is he reason some newspapers are liked by serious readers like bureaucrats, bankers etc though same news is carried by all other newspapers. There is a way of saying anything.
If you go through that paragraph but condition is you read it keeping in mind your real personality and real name and forgetting completely that you are from todayâs modern burger generation and an astute accountant, then you will find the answer. Then honestly evaluate if that true Islamic banking if any time of which though at least in our times there is no chance, ever came then same thing will happen what I have said. And I have not said any intellectual think. I have just spoken a normal thing just keeping in mind what we see in the society.
Another brother while submitting very sensibly his views has termed that joining the present day interest based accounts is more sin than Islamic banking as according to him Islamic banking claim they are Islamic but if they do not work on Islamic principles the sin for misguiding the public goes to them. I respect his views which I think have much weight. However I may respectfully correct him re his advice âFixed Deposit Accountsâ. Today there are no fixed deposit account schemes. They have changed the label as Term Deposit as has traditional accounts changed to PLS Accounts. The wine is the same but the labels are different.
I do not want to debate here at the moment that personally I do not believe our present day normal banking accounts (accounts of common man â real domestic savers) are interest based. The interest or profit earned on it is not that which Islam has haramed. This is another topic not here at the moment
Mr. TRUE WORDS SHOAIB
Thank you for your advising me to provide a link when posting news articles. You further add that unsupported threads or posts may be deleted in future.
Thank you for your advice and this non sense advice I have seen at some other Forums too . This advice means one can only pick up a topic from any newspaper/journal published article and not of his own. If this policy is adopted then this Forum will be limited to the reading material on news items or articles others have written and the Forum members present their views on those newspapers, statements etc. and they can not initiate any topic at their own. What a sense? A reader some time back on this Forum posted a idea, or a proposal on the topic that banks, electricity and phone companies should also pay the profits earned on the security deposit when refunding the security deposit. It was a peace making the public aware of their civic rights. From where the hell the member could had brought a link as this was an idea not ever seen published in any newspaper.
Sale of Nokia mobile and this and that what we often see on this Forum during the last one year have links?
Accountancy.com.pk and defence.pk are the only two Pakistani forums which so far are joined by serious readers so please let it remain so. There are hundreds of Pakistani Forum both based in Pakistan and abroad but read their contents. No doubt every thread on them have 50 to 100 comments/replies but just by those with half opened mouth chewgum in their mouths, burger type and style broken words, unrelated remarks in most third rate language. This Forum so far is limited with educated people and please let it remain so.
Mr. Astute Accountant â you remarks that âyou talked about Islamic banking would be a blast in todayâs banking however your totally failed to explain HOw!!â
If a person is educated it does not necessarily means he is also literate. Reading anything a news item or a fiction in itself is to some extent an art. Every one can read the written word but it does not necessarily means the reader has understood what is written. A good readerâs eyes, for example, reading a news item also automatically catches the fine print naming news agency name, dateline, item picked up from what source and then makes a picture of the true content. This is he reason some newspapers are liked by serious readers like bureaucrats, bankers etc though same news is carried by all other newspapers. There is a way of saying anything.
If you go through that paragraph but condition is you read it keeping in mind your real personality and real name and forgetting completely that you are from todayâs modern burger generation and an astute accountant, then you will find the answer. Then honestly evaluate if that true Islamic banking if any time of which though at least in our times there is no chance, ever came then same thing will happen what I have said. And I have not said any intellectual think. I have just spoken a normal thing just keeping in mind what we see in the society.
Another brother while submitting very sensibly his views has termed that joining the present day interest based accounts is more sin than Islamic banking as according to him Islamic banking claim they are Islamic but if they do not work on Islamic principles the sin for misguiding the public goes to them. I respect his views which I think have much weight. However I may respectfully correct him re his advice âFixed Deposit Accountsâ. Today there are no fixed deposit account schemes. They have changed the label as Term Deposit as has traditional accounts changed to PLS Accounts. The wine is the same but the labels are different.
I do not want to debate here at the moment that personally I do not believe our present day normal banking accounts (accounts of common man â real domestic savers) are interest based. The interest or profit earned on it is not that which Islam has haramed. This is another topic not here at the moment
Mr. TRUE WORDS SHOAIB
Thank you for your advising me to provide a link when posting news articles. You further add that unsupported threads or posts may be deleted in future.
Thank you for your advice and this non sense advice I have seen at some other Forums too . This advice means one can only pick up a topic from any newspaper/journal published article and not of his own. If this policy is adopted then this Forum will be limited to the reading material on news items or articles others have written and the Forum members present their views on those newspapers, statements etc. and they can not initiate any topic at their own. What a sense? A reader some time back on this Forum posted a idea, or a proposal on the topic that banks, electricity and phone companies should also pay the profits earned on the security deposit when refunding the security deposit. It was a peace making the public aware of their civic rights. From where the hell the member could had brought a link as this was an idea not ever seen published in any newspaper.
Sale of Nokia mobile and this and that what we often see on this Forum during the last one year have links?
Accountancy.com.pk and defence.pk are the only two Pakistani forums which so far are joined by serious readers so please let it remain so. There are hundreds of Pakistani Forum both based in Pakistan and abroad but read their contents. No doubt every thread on them have 50 to 100 comments/replies but just by those with half opened mouth chewgum in their mouths, burger type and style broken words, unrelated remarks in most third rate language. This Forum so far is limited with educated people and please let it remain so.
