Thursday, December 31, 2009

26th Dec 2004

Well, selected superficial Islamic banking products that continue to use legal devices to potray it as Islamic will possibly face worst than the physical tsunami one fine day, Wallahualam.

Saturday, December 26, 2009

Al Hijrah Raihan

In conjunction with Awal Muharram 1431 Hijrah, let us start to Hijrah from 'Legal Device Islamic Banking Products' to True Islamic Banking Products. Salam Maal Hijrah 1431 Hijrah.
Please do not celebrate the coming new year of 2010 as each and every months are name after the Romanian God.Wallahualam.

Friday, December 25, 2009

Sheikh AbdulRahman Sudais-Surah Qiyamah w/English Trans.

No more able to offer excuses for whatever sins that one has committed, no longer able to use Darurah (necessity) to justify
the legal device used to justify and endorse so called certain Islamic Financial Products. Thus couldnt understand why selected Shariah Advisors originating from Malaysia are too bold in their ruling in the name of innovation and protecting the shareholder plus return on investments. Few others in Malaysia will simply follow like kettle and repeat everything like parrot without bordering to check from globally recognized prominent scholars. Wallahualam.

Thursday, December 24, 2009

الشريعة والحياة - البدعـة ومجالاتها المعاصرة

Interview by Al Jazeera with Sheikh Prof Dr Wahba Al Zuhaily

Prominent Scholars Agreed to be the Muamalah Issues Advisors

Alhamdullillah the law firm of Messrs Syed Iskandar Syed Jaafar , Advocate & Solicitor Kuala Lumpur Malaysia have today on 7th Muharram 1431 Hijrah, Thursday  sucessfully secured the official consent from a  prominent Global Islamic Banking & Finance scholars --Sheikh  Prof Dr Wahba Al Zuhaily to be one of the member to the Advisory Panel of the law firm on Muamalah issues. We will continue to vet documents without fear or favour and say nothing but only the truth in Muamalah related issues, InsyaAllah.

Sunday, December 20, 2009

Krc. Alunan Biola (P. Ramlee)

Those were the days where old kampung houses were build collectively by the villagers with minimum cash involved, how nice it was to be enjoying Keroncong while its rains as shown here in the black and white P Ramlee movie of Antara Dua Darjat. But things has Malaysia Bai Bithaman Ajil that is supposedly to be a buy and sell contract, in substance is a loan document despite what the court of appeal has said. Analyse the document that even an idiot will be able to tell you that it is a loan document. Wallahualam

Analysts say HLB's R5.50 price for EON Cap OK

Analysts say HLB's R5.50 price for EON Cap OK

Crucial Legal Issues in Islamic Banking & Finance 1431H/2010 International Series

What is the status  of the current practice in Islamic Banking & Finance globally? What are the views of established scholars such as Sheikh Dr Yusof Al Qardhawi & Sheikh Dr Wahba Al Zuhaily on the ruling/fatwas issues by few  of the so called innovative Shariah Advisors? What are legal cases and documentations affecting the industry? Come prepared, you will know the answer.

April 6 2010    Tuesday     Zurich Switzerland

April 13 2010   Tuesday     London UK

April 20  2010   Tuesday     Makkah   Al Mukkarammah Saudi Arabia ( In English/Arabic)

Well it is high time for one to listen to the other side of the coin in order to arrive at a better conclusion.
Promising you to be a worthwhile Islamic Banking & Finance  seminar series that you have ever attended in your whole life, InsyaAllah.

To register, e mail:


Many issues not fully addressed by Court of Appeal as well as the submission brought forward during the Appeal. Critically and constructively analysed. The one day seminar will be in the form of  endless questions and answers session relating to the issues to be discussed. Come prepared and ensure that you leave no stone unturned. Uncovered any doubts that you may have about the case itself or about any other cases referred to by the Court of Appeal in its  judgment delivered orally on 31/3/2009 and in writing on
26/8/ 2009. The same series will be held at various venue in Malaysia.  In addition  to the case study, those banking customers that have problems with Bai Bithaman Ajil products are also welcome to register and highlight their problem to be discussed openly during the seminar. Selected unreported litigation cases on BBA will also be highlighted.

26/1/2010 Tuesday Kuala Lumpur Malaysia

2/2/2010 Tuesday  Georgetown Penang Malaysia

9/2/2010 Tuesday  Labuan Malaysia

16/2/2010 Tuesday Kota Bharu, Kelantan Malaysia

To register, please e-mail for further info:-

Salam Maal Hijrah 1431 H, Let us look forward for more progress in Islamic Banking & Finance Globally, InsyaAllah.

2,000 trapped as Eurostar trains break down

2,000 trapped as Eurostar trains break down

Friday, December 18, 2009

Muslims urged to work towards greater cooperation

Muslims urged to work towards greater cooperation

Sheikh Dr Yusof Al Qardhawi received the Maal Hijrah award, Alhamdullillah
Salam Maal Hijrah 1431 Hijrah

Sunday, December 13, 2009

Malaysian James Bond aka Mat Bond To Investigate Abuse of Label Islamic to Selected Islamic Banking Products

Perhaps we should employ Mat Bond to look and examine selected self interest local Shariah Advisors that hold their position in direct conflict of interest with their personal business interest etc. Enjoy this short old malay movie opening clip ...anyway, Mat Sentul as Mat Bond.

The pros and cons of mega projects

The pros and cons of mega projects

ayam serama-pendi

Dubai will ultimately be save by Abu Dhabi on strict terms.
Yesterday (saturday, 12/12/09 , at Menara Integriti Kuala Lumpur Malaysia at Young Corporate Malaysian Summit 2009 the Deputy CEO of CIMB Bhd told all participants that when he is in Dubai, he is not sure whether he is in Middle East or Las Vegas.
Anyway, let everybody continue to analyse the Dubai Financial Crisis and let us enjoy for a moment the Kelantese Dikir Barat Song entitled 'Ayam Serama' that originally came from Minang song "Ayam Den Lapeh'. Enjoy.......

Thursday, December 3, 2009

Bank of America to repay US$45bil bailout funds in next few days

Bank of America to repay US$45bil bailout funds in next few days

Seniman bujang Lapok Exhaust buluh

This scene of Seniman Bujang Lapok from the brilliant P Ramlee is about Sudin trying to give a useful advice on how to reduce the motorcyle noise.
By analogy, look at what selected few Shariah Advisor did--they too tried to give what they thought useful advice even though most of the well established international foreign scholars rejected most of their advice--what matters to these selected local Shariah Advisors is that Malaysia continue to be receptive of whatever advice that they may give--as , as always this is Islamic Banking ala Malaysia, I suppose.
Watch the movie carefully a very short clip but very thought provoking by the late Allahyarham Tan Sri P Ramlee.

Tuesday, December 1, 2009

Benkó Dixieland Band - Dark eyes - Ochi chornye

These musicians are at their best when rendering the evergreen old russian song 'dark eyes' that Razak Rahman won the Malaysian Bakat TV in 1971 black and white Malaysian TV back then.
But at least these musicians didnt behave as few of local Shariah Advisors permitting derivatives when even Warren Buffet said that it is a financial weapon of mass destruction.
Well, these crazy advisors plan to launch the so called Islamic derivatives in Bahrain this month coz according to these Shariah Expert there are good derivatives and bad derivatives.
Anyway, let us enjoy dark eyes at the moment......

M'sian Islamic banks not affected by Dubai crisis

M'sian Islamic banks not affected by Dubai crisis

First foreign sukuk listing on Bursa

First foreign sukuk listing on Bursa