Thursday, October 29, 2009
Sunday, October 25, 2009
Thursday, October 22, 2009
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.
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.
Tuesday, October 20, 2009
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This article from a UM Prof appeared in the star dated 20/10/09.
Monday, October 19, 2009
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 .
Thursday, October 15, 2009
Wednesday, October 14, 2009
Tuesday, October 13, 2009
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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
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 : firstname.lastname@example.org
InsyaAllah will continue with the second series very soon.