08-28-2007, 07:41 PM
Amir,
I never had been into this thread after posting my views herein. So, I was not aware of your mentally disturbed (as you sometimes say to seek a refuge) comments regarding my post.
Brother, wherever the profit is pre-determined with the pay back period, it is RIBA. Have you any doubt over it?
Have you ever been into the audit of accounts of any islamic banking operation, or any modarba which is always approved by your so-called SCHOLAR'S RELIGIOUS BOARD invented by Zia-ul-Haq through Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980? This all is a mis-representation of ideas. General Zia and all other such power attainers have made their basis to remain in government. Some did it through getting the support of the Maulvies and some are trying to get by crushing them. You said that ur scholars know lesser and i know greater. Yes, in some cases it can happen. You may know more than me or more than any one else. Knowledge is not restricted by Islam and God with such religious boards and so-called government financed Jahil maulvies. Quran's knowledge is not restricted only with a person who has beared or who has been wearing short length shalwar. I dont have any doubt that these are also the requirements of Islam to have beared and wear short length etc. But knowledge is not only confined with only this class of people. I know how people strive to get such designations and what sort of bribes (in money as well in other intangible ways) they pay for being in such ventures.
Do you believe that the guys who are sitting in Religious Board constituted under Modarba ordinance are really watching the compliances with Islam?
Do you ever analyse the accounting policies narrated in the accounts of islamic banks and modarbas?
DO you think commodity based approach is there in any, i mean in any, bank or modaraba in pakistan. If it is, let me know with proofs. You know these islamic operations dont even match the islamic accounting standard. Even invoice of any underlying stock or machinery is not prepared in the name of bank arranging such commodity. No bank ever maintains any record of its commodities/stocks. Just the rotation of words can never make it islamic.
Do you know how these so-called islamic banking systems/windows earn RIBA by polishing / pianting it as if it were shariah compliant profit?
Do you believe that ensuring only fix amount (even on fluctuating rates) profit without any provision to share losses, is not RIBA.
I wonder on your wisdom and understanding. On one hand you declare I a correct and on other hand you declare that I am wrong. What a confused person you are.
However, I always percieved to be the same.
Allah reham karey.
Regards,
I never had been into this thread after posting my views herein. So, I was not aware of your mentally disturbed (as you sometimes say to seek a refuge) comments regarding my post.
Brother, wherever the profit is pre-determined with the pay back period, it is RIBA. Have you any doubt over it?
Have you ever been into the audit of accounts of any islamic banking operation, or any modarba which is always approved by your so-called SCHOLAR'S RELIGIOUS BOARD invented by Zia-ul-Haq through Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980? This all is a mis-representation of ideas. General Zia and all other such power attainers have made their basis to remain in government. Some did it through getting the support of the Maulvies and some are trying to get by crushing them. You said that ur scholars know lesser and i know greater. Yes, in some cases it can happen. You may know more than me or more than any one else. Knowledge is not restricted by Islam and God with such religious boards and so-called government financed Jahil maulvies. Quran's knowledge is not restricted only with a person who has beared or who has been wearing short length shalwar. I dont have any doubt that these are also the requirements of Islam to have beared and wear short length etc. But knowledge is not only confined with only this class of people. I know how people strive to get such designations and what sort of bribes (in money as well in other intangible ways) they pay for being in such ventures.
Do you believe that the guys who are sitting in Religious Board constituted under Modarba ordinance are really watching the compliances with Islam?
Do you ever analyse the accounting policies narrated in the accounts of islamic banks and modarbas?
DO you think commodity based approach is there in any, i mean in any, bank or modaraba in pakistan. If it is, let me know with proofs. You know these islamic operations dont even match the islamic accounting standard. Even invoice of any underlying stock or machinery is not prepared in the name of bank arranging such commodity. No bank ever maintains any record of its commodities/stocks. Just the rotation of words can never make it islamic.
Do you know how these so-called islamic banking systems/windows earn RIBA by polishing / pianting it as if it were shariah compliant profit?
Do you believe that ensuring only fix amount (even on fluctuating rates) profit without any provision to share losses, is not RIBA.
I wonder on your wisdom and understanding. On one hand you declare I a correct and on other hand you declare that I am wrong. What a confused person you are.
However, I always percieved to be the same.
Allah reham karey.
Regards,
