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 : isikcorpadv@gmail.com
InsyaAllah will continue with the second series very soon.
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