Forwarded Message As salaam alaikum and Ramadan Mubarak Br. NIDAL,
About 2-3 months ago, I told this Br. Loay that I would help him with new ideas, etc. for the waqf (Islamic charitable endowment fund) being established by ISBCC (the largest mosque in the Northeast U.S.). Yesterday right before asr, I was speaking in person with Br. Loay and during this brief conversation I came up with two new ideas for Islamic finance: 1) Imagine that various waqf around the country were to be interconnected to act as a mutual buffer or rainy day fund. This would be like a takaful (Islamic mutual cooperative insurance) involving institutions (i.e., the mosques and their waqf) instead of involving individuals, and would thus involve sharing both the rewards and risks in order to help uplift and support more the broader muslim community inshallah. 2) Imagine for a waqf the idea of combining a mutual co-op with a REIT (real estate investment trust). Then, Br. Monem told Br. Loay and I that such an arrangement has already been implemented in a halal way in Santa Clara, CA. Do you have any further suggestions or ideas that might be helpful? Jazakallah Khair, Charles Stromeyer [email protected] P.S. I have been extremely busy with both secular and Islamic finance for the environmental or "green" sector. I also realized that the most cost-effective way to make Islamic microfinance or microinsurance work would be to combine it with mobile money, i.e., banking based upon mobile phones because many poor people who do not have access to a desktop or laptop computer can still obtain access to cheap mobile phones, and so I am thinking about how to best combine Islamic finance with mobile money. -- You received this message because you are subscribed to the Google Groups "Kantakji Group" group. To post to this group, send email to [email protected] To unsubscribe from this group لفك الاشتراك من المجموعة أرسل للعنوان التالي رسالة فارغة, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kantakjigroup?hl=en سياسة النشر في المجموعة: - ترك ما عارض أهل السنة والجماعة. - الاكتفاء بأمور ذات علاقة بالاقتصاد الإسلامي وعلومه ولو بالشيء البسيط. ويستثنى من هذا مايتعلق بالشأن العام على مستوى الأمة كحدث غزة مثلا. - عدم ذكر ما يتعلق بشخص طبيعي أو اعتباري بعينه. باستثناء الأمر العام الذي يهم عامة المسلمين. - تمرير بعض الأشياء الخفيفة المسلية ضمن قواعد الأدب وخاصة منها التي تأتي من أعضاء لا يشاركون عادة، والقصد من ذلك تشجيعهم على التفاعل الإيجابي. - ترك المديح الشخصي.
