Thursday, October 22, 2009

YouTube lagu terengganu kerabu pucuk paku

This originally Ayam Den Lapeh very relaxing song-- here in this version it talk about working for Halal Rezeki as a career as compared to doubtful job (Syubhah) as Shariah Advisory Board members supervising the Islamic Banking System.

Iman Mutiara - Raihan

Without Iman--then what matter most is the Return on Investment--what matter most is the bottom line--what matter most is the Shareholder Fund-----as propagated by the leading Malaysian Shariah Advisory Council in Bank Negara and recently reported in The Malaysian Reserve.

Hello Mr Millionaire Shariah Advisor, I am not asking u to turn the Islamic Bank into charity.
The proof that Islamic banking gives priority to profit making and loss sharing via eg Musyarakah, Mudarabah.
But since u are in hurry--then everything is upside down and we are simply lying to ourselves that we have become the model for the global Islamic Banking System. Please ask any real foreign Islamic bankers--then only this dark secret will be unfolded ...We talk more later, meanwhile enjoy this Iman Mutiara by Raihan.

Monday, October 19, 2009

The Malaysian Reserve Front Page Report on BBA Dated Monday October 19, 2009

Today the business newspaper i.e. The Malaysian Reserve has published some excerpts of the Court of Appeal long outstanding written judgment dated August 26,2009 on BBA since its delivery on March 31 2009. Briefly, suffice to say that the current BBA in its present format is in fact a loan not property purchase and property sale contract but in this judgment the court of appeal held otherwise.
I reserve all my comments on this issue as we should let the defender of the present BBA format
present and defend their view at the forthcoming Bar Council Seminar on BBA in Terengganu this wednesday Oct 21,2009.
I will InsyaAllah write more on it after Oct 21, 2009.
Allah swt knows the best our ability and intention in anything .

Tuesday, October 13, 2009

Interview with Malaysian Business May 1st 2009 Issue

As Muqqadimmah kindly refer to the interview between me and Malaysian Business May 1st 2009 issue either the hardcopy or by google search the net with the title ' Crucial Issues In Islamic Banking & Finance '. InsyaAllah , hope that it will benefit you in understanding further the basic issues on Muamalat, InsyaAllah.

Year 1952-Rare Azan from Masjid Al-Nabawi, Madina

Rare Azan 1952 from Masjid Nabawi Madinah Munawwarah

Azaan E Fajr - Masjid E Nabvi, Madina Munawwarah

Fajr Azan from Masjid Nabawi Madinah Munawwarah.
Nabi Muhammad saw reminded us that whoever Ziarah his Makam and said Salam , he will answer it and also he will help with his syafaat in the Yaumul Qiamat.

Azan-E-Fajr From Makkah

InsyaAllah, Rezeki comes from Allah swt with an early morning performance of Solat Fajr . This Azan from Masjidil Haram Makkahtul Mukkaramah start at 1.11.

Bank Negara must help defaulters of Islamic banking: CAP

Bank Negara must help defaulters of Islamic banking: CAP

Shared via AddThis

This issue was covered in my seminar recently held at E&O Penang and will be repeated with updated info this year end InsyaAllah in Labuan.
I will talk more about BBA in later posting as currently I am in my Muqaddimmah stage since starting to blog yesterday.

Sunday, October 11, 2009

Muqqadimmah-Introduction On Islamic Banking & Finance Issues

Let me introduce myself in this very first series of articles on Islamic Banking & Finance.
Since admitted to the Malaysian Bar as Advocate & Solicitor on 23/8/1991, I am actively involved in presenting papers in local and international seminars/conferences/summit on Islamic Banking & Finance as early as March 1992, a year ahead of the introduction of SPTF counters (Skim Perbankan Tanpa Faedah) for conventional banks in Malaysia in addition to Malaysia having the first Islamic Bank way back in 1983 till todate. This blog has been created due to many requests from past participants and also at the encouragement of Prof Dr Mahmood M Sanusi from the Inceif University established in Malaysia by the Malaysian Central Bank. For the record, Prof Dr Mahmood has more than 26 years experience at Ahmad Ibrahim Kulliyah of Laws, International Islamic University Malaysia prior to joining Inceif. Few years ago the learned Prof was invited by Harvard in Boston US and last year by University of Cambridge UK to share his views about these extremely important subjects. I will talk more on the issues relating to Islamic Banking & Finance soon and for the time being suffice to say Assalamualaikum wbt and Salam Eid Fitr Al Mubarak 1430 Hijrah on this 23rd Day of Syawal 1430 Hijrah.

Last but not least, this blog is writing point blank nothing but the truth and surely with an extremely intelligent audience on the net, all of you may judge on my sincere intention despite forseeing that there will be those that are keen to talk in the defence of certain products that are regarded by them as Islamic even though mere common sense will tell otherwise other than simply protecting the bottom line i.e. the shareholder and the return of their investment (ROI).

This blog is free for all i.e. to those who really understand well what is happening in the market with permission to quote for Ibadah but please do acknowledge the source of the info quoted to ensure everything is straight Halal and Barakah.

Businesswise, wealth of legal documentations that have originated from the conventional preceedents are being studied and corrected not merely by simply copy and paste or to put it in the words of Dr Humayon one of the paper presenter from the UK at The Malaysian Central Bank Conference on Legal Issues organized by IFSB 2 weeks ago--the learned Dr has used the term 'plug and play' though I prefer' copy and paste' term to describe the extremely weak full of loopshole selected legal documentations that are currently available in the market. Thus to seek for legal documentations vetting and opinion, I am opening up to the global market to offer the chargeable service by e mailing your proposal and/or instruction to :

InsyaAllah will continue with the second series very soon.