I think we have to start thinking about the different between Interest and Usury. Now the bank interest in the 1st world has reached a number of below 2% / annum Meanwhile the profit sharing system in shariah could reached a math number of 30% / deal
Usury is the excessive charge of interest of loans Pls refer to Usury in wikipedia Considering the numbers above, dont you think we have to change our understanding?? Just a thought . A3K ________________________________________ From: obrolan-bandar@yahoogroups.com [mailto:obrolan-ban...@yahoogroups.com] On Behalf Of kucing_liar1 Sent: Friday, September 18, 2009 4:49 PM To: obrolan-bandar@yahoogroups.com Subject: [ob] Re: [Night discussion] bonds, currency, and stock geee...ive become more amaze with islamic teachings beside the gold it self...it doesnt allow the interest rate right? the economic should be based on real sector and also push the wealth to be distributed right??? --- In obrolan-bandar@yahoogroups.com, "CUMI.JK (Buy, TP 5000)" <cumie...@...> wrote: > > yes, in the holy texts they only mention dinar (gold) and dirham > (silver). not a single word of fulus (paper) i found. > > i waited eagerly when HSBC and BSM announced they would launched gold > saving, but looks like some invisible hand banned this kind of saving. > nonetheles, i faithfully begun stockpilling bullion and bought bond, > reducing stock trading account and keeping the investment account. > however, its hard to short the USD when your bank charge a hefty fee > for withdrawing your own money. > > do you know that stockpiling gold is also banned in sharia? wealth > should be put in circulation, creating more wealth and distribute the > economy to the whole society. that's why they taxes gold saving above > certain weight after a year. > > > > On 9/18/09, Mo_Cuan <syarif...@...> wrote: > > > > Sharia teaching endorse using dinar (4.235g of 22 carat gold) and dirham > > (silver). > > +++ > > > > > > --- On Fri, 9/18/09, Elaine Sui <elainesu...@...> wrote: > > > > > > I also read that historically Islam teaching (sharia) considers gold as the > > true investment, which amazes me. Is this correct? > > > > > > > >
