Topic: All you need to know about Islamic Finance
JustDukkyMkII's photo
Tue 04/30/13 12:54 PM




Muslim economists have argued for tempering the market mechanism with regulations designed to embody the public interest. According to them, in designing all policy, the primary consideration should be justice and equity rather than laissez faire market operations.

Muslim jurists have argued the case for limits on land ownership and strict application of inheritance laws to avoid concentration of wealth. Some radical Muslim jurists have also argued that land is a communal resource and ownership is confined to period of active use rather than perpetual. Again, mineral and other natural resources are regarded as communal property.


yep,in typical Collectivist Tribalist Fashion!


...and also (almost) correctly in terms of natural law. Communal property is also known as the common and can be the property of no man or collection of men. It can only be held in trust and claimed for (sustainable) use. All that may be "owned" is a CLAIM to some portion of the common for use.

In the theistic view, ALL property is the property of God. The Catholic Church once claimed the entire Earth as the rightful property of Christ, and made the office of the Pope "Christ's trustee"...Needless to say, this created a lot of (naturally unlawful) bull$hit to contend with, but it WAS an organizational system of some sort, and DOES explain why the head of the church claimed the exclusive right to crown kings...They were vassal kings, given their god's blessing to rule thru the authority of the office of the pope.

In the secular view, there is no such thing as private property that you haven't vested some part of your body or its energy into, which kinda lets out things like land, water & air as heritable property. To preserve things like serfdom, "property" (which they could no longer lawfully hold) and the wealth in their vaults, the powers of the day set up a system of legal fiction analogues that basically conned everyone into remaining serfs to them, even though they knew what was now being traded, held and vested was not physical property, but fictional, claimed RIGHTS to its possession/disposal. "Privately owned land" continued to be called that thanks to a clever change in definitions. In general, however, the term "real estate" became the term used as the (deceptive) fictional replacement for the traditional idea of "land as property." This deception of legal fictions (which benefits only a few) continues to this day and is the source of most of the woes of humanity, since it allows for such an egregious "distribution of wealth", that people all over the world suffer, starve and/or live in a state of slavery/serfdom/oppression in even the wealthiest of "countries" (which are yet more legal fictions created to replace "kingdoms"...the modern "country" is nothing more than a business corporation).

IMO, the collectivist tribes had it almost right...leastways a lot more right than the European neo-feudalist, fictional system most people live under today. The really sad thing is that people are the victims of their own ignorance in not knowing that it is their own assumptions (which they never question) that chain them to the 4 horses of the apocalypse for their convenient drawing and quartering.

People still fall for the idea that what some clown a thousand miles away writes down on a piece of paper somewhere (legislation) is "the law", even if they don't consent to be bound by it...Whattya gonna do?...They're stuck in the serf mentality.
actually those very Feudalist Societies were Collectivist and Tribalist!
Nothing to be proud of!
Today they are known by a different name,Statist!
Those who consistently rob the Individual of their Achievement and Reward!
Your System hasn't worked anywhere in the world,because Human Beings do not bend that way!

if Socialism is so great...why does it have to be mandated and forced on people?

Some People feel they must live as Slaves of the Tribe!
I don't!



Quite correct, though the "tribe" was and is composed of elitists who excluded the rest of humanity (for the most part considered "useless eaters" if they can't "earn their keep" as serfs). You might say that they're only "collectivist" in the senses that they generally work cooperatively with their own "kind" (socialism for the rich), and "collect" the slaves to work on their (state) "plantation."

The espoused politico/economic philosophy matters little...whether it's Communism, Socialism, Representational Democracy, or Fascism, it is ALL Statism, run and controlled by a neo-feudalist (monopolistic capitalist) economic elite that could be called the new kings of the earth, or the New World Order, or a dozen other names...I prefer to call them what they are...banksters, who control almost all the world with fraudulent debt.

The world is finally starting to wise up to the central banksters' con, and at the risk of sounding like a theist prophet, I see a day of reckoning we could liken to the Day of Judgment coming up fast. Maybe after that's over and done with, we can finally all live peacefully and cooperatively as the self-governing trustees of the earth and our fellow man/woman under the rule of law. I hope so anyway. I'd hate to think the crap that we have to put up with today is gonna go on forever.

Conrad_73's photo
Tue 04/30/13 01:07 PM





Muslim economists have argued for tempering the market mechanism with regulations designed to embody the public interest. According to them, in designing all policy, the primary consideration should be justice and equity rather than laissez faire market operations.

Muslim jurists have argued the case for limits on land ownership and strict application of inheritance laws to avoid concentration of wealth. Some radical Muslim jurists have also argued that land is a communal resource and ownership is confined to period of active use rather than perpetual. Again, mineral and other natural resources are regarded as communal property.


yep,in typical Collectivist Tribalist Fashion!


...and also (almost) correctly in terms of natural law. Communal property is also known as the common and can be the property of no man or collection of men. It can only be held in trust and claimed for (sustainable) use. All that may be "owned" is a CLAIM to some portion of the common for use.

In the theistic view, ALL property is the property of God. The Catholic Church once claimed the entire Earth as the rightful property of Christ, and made the office of the Pope "Christ's trustee"...Needless to say, this created a lot of (naturally unlawful) bull$hit to contend with, but it WAS an organizational system of some sort, and DOES explain why the head of the church claimed the exclusive right to crown kings...They were vassal kings, given their god's blessing to rule thru the authority of the office of the pope.

In the secular view, there is no such thing as private property that you haven't vested some part of your body or its energy into, which kinda lets out things like land, water & air as heritable property. To preserve things like serfdom, "property" (which they could no longer lawfully hold) and the wealth in their vaults, the powers of the day set up a system of legal fiction analogues that basically conned everyone into remaining serfs to them, even though they knew what was now being traded, held and vested was not physical property, but fictional, claimed RIGHTS to its possession/disposal. "Privately owned land" continued to be called that thanks to a clever change in definitions. In general, however, the term "real estate" became the term used as the (deceptive) fictional replacement for the traditional idea of "land as property." This deception of legal fictions (which benefits only a few) continues to this day and is the source of most of the woes of humanity, since it allows for such an egregious "distribution of wealth", that people all over the world suffer, starve and/or live in a state of slavery/serfdom/oppression in even the wealthiest of "countries" (which are yet more legal fictions created to replace "kingdoms"...the modern "country" is nothing more than a business corporation).

IMO, the collectivist tribes had it almost right...leastways a lot more right than the European neo-feudalist, fictional system most people live under today. The really sad thing is that people are the victims of their own ignorance in not knowing that it is their own assumptions (which they never question) that chain them to the 4 horses of the apocalypse for their convenient drawing and quartering.

People still fall for the idea that what some clown a thousand miles away writes down on a piece of paper somewhere (legislation) is "the law", even if they don't consent to be bound by it...Whattya gonna do?...They're stuck in the serf mentality.
actually those very Feudalist Societies were Collectivist and Tribalist!
Nothing to be proud of!
Today they are known by a different name,Statist!
Those who consistently rob the Individual of their Achievement and Reward!
Your System hasn't worked anywhere in the world,because Human Beings do not bend that way!

if Socialism is so great...why does it have to be mandated and forced on people?

Some People feel they must live as Slaves of the Tribe!
I don't!



Quite correct, though the "tribe" was and is composed of elitists who excluded the rest of humanity (for the most part considered "useless eaters" if they can't "earn their keep" as serfs). You might say that they're only "collectivist" in the senses that they generally work cooperatively with their own "kind" (socialism for the rich), and "collect" the slaves to work on their (state) "plantation."

The espoused politico/economic philosophy matters little...whether it's Communism, Socialism, Representational Democracy, or Fascism, it is ALL Statism, run and controlled by a neo-feudalist (monopolistic capitalist) economic elite that could be called the new kings of the earth, or the New World Order, or a dozen other names...I prefer to call them what they are...banksters, who control almost all the world with fraudulent debt.

The world is finally starting to wise up to the central banksters' con, and at the risk of sounding like a theist prophet, I see a day of reckoning we could liken to the Day of Judgment coming up fast. Maybe after that's over and done with, we can finally all live peacefully and cooperatively as the self-governing trustees of the earth and our fellow man/woman under the rule of law. I hope so anyway. I'd hate to think the crap that we have to put up with today is gonna go on forever.
so,you propose to drive out Statism with Collectivism!laugh

HappyBun's photo
Tue 04/30/13 01:27 PM
It matters not what ism is applied. The Bankers rule the roost and have to be put in their place, prison , but I would stop short of Death Row, one has got to be fair, even to pin striped Gangstars

JustDukkyMkII's photo
Tue 04/30/13 02:55 PM

so,you propose to drive out Statism with Collectivism!


For shame!...That's not what I'm saying at all, and you should know it, naughty boy.

People should join together, cooperate and help their fellows because they WANT to, not because some collectivist philosophy says they have to. If anyone wants to live in the woods as a hermit, he has no obligation of care to his fellows because he has no fellows to care for. If someone wants to live in a community and not contribute to the community, that's OK too, but by the same token, he should expect no help from the community if he needs it.

If one has a family, he has an obligation of care to govern those who can't govern themselves (like his children), to care for those who can't care for themselves (like maybe the grandparents) and to help those in need of his help (like his family & friends). What would you call a family man who tells his friends, kids, and parents "It's survival of the fittest and every man for himself, so expect nothing from me."...I don't know about you, but I'd call the guy a first rate a$$hole.

What I'm arguing for is the same thing you're arguing for (I think), and that is a world where those capable of self-governance are self governing, where the wealth they earn is NOT taken from them by the false authority of some state (of whatever political philosophy) for redistribution to others who have not earned it, but where human compassion manifests and those who produce abundantly GIVE of themselves voluntarily to those in need because in a world of abundant wealth, the needless suffering of another human being for want of his ability to fend for himself is simply immoral and wrong. That is why natural law would posit that the implied social contract incorporates an obligation to care...because we do.


The Bankers rule the roost and have to be put in their place, prison , but I would stop short of Death Row, one has got to be fair, even to pin striped Gangstars


Agreed.

HappyBun's photo
Wed 05/01/13 06:53 AM
People have been arguing ism's for decades and it's nothing but a distraction. If there has to be an ism then there is and has been only one ism. That ism is Banksterism.

Conrad_73's photo
Wed 05/01/13 09:13 AM





Muslim economists have argued for tempering the market mechanism with regulations designed to embody the public interest. According to them, in designing all policy, the primary consideration should be justice and equity rather than laissez faire market operations.

Muslim jurists have argued the case for limits on land ownership and strict application of inheritance laws to avoid concentration of wealth. Some radical Muslim jurists have also argued that land is a communal resource and ownership is confined to period of active use rather than perpetual. Again, mineral and other natural resources are regarded as communal property.


yep,in typical Collectivist Tribalist Fashion!


...and also (almost) correctly in terms of natural law. Communal property is also known as the common and can be the property of no man or collection of men. It can only be held in trust and claimed for (sustainable) use. All that may be "owned" is a CLAIM to some portion of the common for use.

In the theistic view, ALL property is the property of God. The Catholic Church once claimed the entire Earth as the rightful property of Christ, and made the office of the Pope "Christ's trustee"...Needless to say, this created a lot of (naturally unlawful) bull$hit to contend with, but it WAS an organizational system of some sort, and DOES explain why the head of the church claimed the exclusive right to crown kings...They were vassal kings, given their god's blessing to rule thru the authority of the office of the pope.

In the secular view, there is no such thing as private property that you haven't vested some part of your body or its energy into, which kinda lets out things like land, water & air as heritable property. To preserve things like serfdom, "property" (which they could no longer lawfully hold) and the wealth in their vaults, the powers of the day set up a system of legal fiction analogues that basically conned everyone into remaining serfs to them, even though they knew what was now being traded, held and vested was not physical property, but fictional, claimed RIGHTS to its possession/disposal. "Privately owned land" continued to be called that thanks to a clever change in definitions. In general, however, the term "real estate" became the term used as the (deceptive) fictional replacement for the traditional idea of "land as property." This deception of legal fictions (which benefits only a few) continues to this day and is the source of most of the woes of humanity, since it allows for such an egregious "distribution of wealth", that people all over the world suffer, starve and/or live in a state of slavery/serfdom/oppression in even the wealthiest of "countries" (which are yet more legal fictions created to replace "kingdoms"...the modern "country" is nothing more than a business corporation).

IMO, the collectivist tribes had it almost right...leastways a lot more right than the European neo-feudalist, fictional system most people live under today. The really sad thing is that people are the victims of their own ignorance in not knowing that it is their own assumptions (which they never question) that chain them to the 4 horses of the apocalypse for their convenient drawing and quartering.

People still fall for the idea that what some clown a thousand miles away writes down on a piece of paper somewhere (legislation) is "the law", even if they don't consent to be bound by it...Whattya gonna do?...They're stuck in the serf mentality.
actually those very Feudalist Societies were Collectivist and Tribalist!
Nothing to be proud of!
Today they are known by a different name,Statist!
Those who consistently rob the Individual of their Achievement and Reward!
Your System hasn't worked anywhere in the world,because Human Beings do not bend that way!

if Socialism is so great...why does it have to be mandated and forced on people?

Some People feel they must live as Slaves of the Tribe!
I don't!



Quite correct, though the "tribe" was and is composed of elitists who excluded the rest of humanity (for the most part considered "useless eaters" if they can't "earn their keep" as serfs). You might say that they're only "collectivist" in the senses that they generally work cooperatively with their own "kind" (socialism for the rich), and "collect" the slaves to work on their (state) "plantation."

The espoused politico/economic philosophy matters little...whether it's Communism, Socialism, Representational Democracy, or Fascism, it is ALL Statism, run and controlled by a neo-feudalist (monopolistic capitalist) economic elite that could be called the new kings of the earth, or the New World Order, or a dozen other names...I prefer to call them what they are...banksters, who control almost all the world with fraudulent debt.

The world is finally starting to wise up to the central banksters' con, and at the risk of sounding like a theist prophet, I see a day of reckoning we could liken to the Day of Judgment coming up fast. Maybe after that's over and done with, we can finally all live peacefully and cooperatively as the self-governing trustees of the earth and our fellow man/woman under the rule of law. I hope so anyway. I'd hate to think the crap that we have to put up with today is gonna go on forever.
are you by any chance one of the Starnes Heirs?laugh

no photo
Wed 05/01/13 10:05 AM
Shari'ah is the code of law for the Islamic way of life which Allah swt has revealed for mankind and commanded us to follow.

The word Shari'ah means a clear straight path or example.

Shari'ah, or Islamic law, is the code of conduct for Muslims and is based on two main sources: The Qur'an and the Sunnah of the Prophet. It aims towards the success and welfare of mankind both in this life and the life after death.

Shari'ah prescribes a complete set of laws for the guidance of mankind so that Good (Ma'ruf) may triumph and Evil (Munkar) disappears from society. It provides a clear and straight path which leads to progress and fulfillment in life and the attainment of Allah's pleasure.

The Qur'an is the main basis of Shari'ah. It states the principles while the sunnah of the Prophet provides the details of their application. For example, the Qur'an says: establish salah, observe sawm, pay zakah, take decisions by consultation, do not earn or spend in wrong ways- but it does not describe how to do these things. It is the sunnah of the Prophet which gives us the details.

The Qur'an is the main book of guidance and the Prophet taught how to follow it. The Prophet not only told us how to follow the guidance, he also practiced it himself.

Shari'ah has rules for every aspect of life. It is complete and perfect, and guarantees us success, welfare and peace in this life on earth and in the life after death.

no photo
Wed 05/01/13 10:07 AM
Shari'ah or The Creator, Allah's law.

1. Islamic Law is complete and perfect and covers all aspects of human life.

2. Shari'ah is permanent for all people all the time. It does not change with time and conditions. For example, drinking alcohol and gambling are not allowed under Islamic law. No-one can change this; it is a law that is valid for all time and for all places.

3. Allah is All-knowing and All-powerful; He is the most Wise and His laws are the best and are complete.

4. Allah swt is the Creator and His laws are for men, His creation.

5. Allah's laws are for all nations, all countries and for all time. They are universal.

6. Allah is above all needs. He is not dependent on anything, so His laws are for the good of all people and not for a few, selfish people

no photo
Wed 05/01/13 10:08 AM
Shari'ah has two other sources: Ijma' (consensus) and Qiyas (analogy or reasoning on the basis of similar circumstances). These sources must still be based on the Qur'an and the Sunnah.

Ijma', or consensus, applies to a situation where no clear conclusion can be made from the Qur'an and the Sunnah. In this situation the representatives of the people who are well-versed in the Qur'an and the Sunnah will sit together and work out an agreed formula to solve the particular problem. Ijma' developed during the period of the Al- Khulafa'ur-rashidun.

Qiyas means a reference or analogy or a comparison of one thing with a similar one. It is applied in circumstances where guidance from the Qur'an and Sunnah is not directly available. A solution to a problem is reached by a process of deduction from a comparison with similar situations in the past.

no photo
Wed 05/01/13 10:09 AM
Sunnah

The word Sunnah means a system, a path or an example. In Islam it refers to the practice of the Prophet, his life example. It is embodied in the Ahadith (plural of Hadith) which are the Prophet's saying, actions and the actions done with his approval. Ahadith have been very carefully collected and compiled since the death of the Prophet. Six collections of Hadith are regarded as the most authentic. They are:

1. Sahih Al-Bukhari

(Collected and compiled by Muhammad bin Isma'il, known as Imam Bukhari, born 194 AH, died 256 AH).

2. Sahih Muslim

(Muslim bin al-Hajjaj, known as Imam Muslim, born 202 AH, died 257 AH).

3. Sunnah Abu Dawud

(Aulaiman bin Ash'ath, known as Abu Dawud, born 202 AH, died 275 AH).

4. Sunnah Ibn Majah

(Muhammad bin Yazad, born 209 AH, died 273 AH).

5. Jami' At-Tirmidhi

(Muhammad bin 'Isa, date of birth not known died 279 AH).

6. Sunnah An-Nasa'i

(Ahmad bin Shu'aib, born 215 AH, died 303 AH).

In addition to this, the Muwatta' of Imam Malik (born 93 AH, died 179AH), Mishkaat Al-Masabih of Abu Muhammad al-Husain bin Mas'ud (died 516 AH) and Musnad of Ahmad bin

no photo
Wed 05/01/13 10:10 AM
Fiqh

Fiqh is the science of Islamic Law or jurisprudence. It refers to the collection and compilation of Islamic laws based on the Qur'an and the Sunnah of the Prophet. The word Fiqh means knowledge and understanding.

Some great Muslims devoted themselves to the task of developing the science of understanding Islamic law and its practice. The four best-known compilers of Islamic law or Shari'ah are:

1. Abu Hanifah Nu'man bin Thabit, known as Imam Abu Hanifah (born 80AH, died 150AH).

2. Malik bin Anas, known as Imam Malik (93-179AH).

3. Muhammad bin Idris Al-Shafi'i, known as Imam Shafi'i (150-240AH).

4. Ahmad bin Hanbal, known as Imam Ibn Hanbal (164-241 AH).

no photo
Wed 05/01/13 10:11 AM
Islamic law divides human activies into:

1. Fard or Wajib (duty or obligatory)

-performance of these actions is rewarded and their omission is punished.

2. Mandub (recommended)

-actions the performance of which is rewarded but omission of which is not punished.

3. Mubah (silent)

-actions permitted by silence.

4. Makruh (disliked)

-actions disapproved of but not punishable.

5. Haram (forbidden)

-actions punishable by law.

The scholars and experts on Islamic Law have made Shari'ah easier to understand and practice by science of Fiqh. Fiqh is the explanation of the Islamic laws based on the Qur'an and Sunnah.

Islamic law or Shari'ah embodies the ideal Islamic life. Islam is the complete way of life and Shari'ah is the means to arrive at the ideal life recommended by Islam. Shari'ah enables us to bring our life in line with the will of Allah swt. It is the process of achieving our goal of life.

no photo
Wed 05/01/13 10:33 AM
Islam says “one who kills an innocent people, he / she kills the whole mankind “ . So, If you are a man by whom a let of Muslims or non-Muslims have been killed in the mean time . You should think that it is not the work of Islam or the great prophet Muhammad (sm ) .
Islam always works for peace and to protect human rights
I want to request my dear non – Muslims brothers and sister that Islam dose not reflect properly in present Muslim society . Islam actually lies in the Qur'an and Ha dis please, study the Qur'an and Ha dis and you will see the real Islam. At last, I want to say that Islam is an ideal. It is not only for the Muslims . It is for the whole mankind. Islam respects all the world

mightymoe's photo
Wed 05/01/13 12:03 PM

Islam says “one who kills an innocent people, he / she kills the whole mankind “ . So, If you are a man by whom a let of Muslims or non-Muslims have been killed in the mean time . You should think that it is not the work of Islam or the great prophet Muhammad (sm ) .
Islam always works for peace and to protect human rights
I want to request my dear non – Muslims brothers and sister that Islam dose not reflect properly in present Muslim society . Islam actually lies in the Qur'an and Ha dis please, study the Qur'an and Ha dis and you will see the real Islam. At last, I want to say that Islam is an ideal. It is not only for the Muslims . It is for the whole mankind. Islam respects all the world


nice words, and i'm glad you feel that way, but tell it to your millions and millions of your fanatical islamic brothers and sisters...
i hardly think strapping a bomb on your azz and blowing up a crowded bus station is very respectful to the world...

no photo
Wed 05/01/13 12:59 PM
Edited by JOHNN111 on Wed 05/01/13 01:00 PM

Islam says “one who kills an innocent people, he / she kills the whole mankind “ . So, If you are a man by whom a let of Muslims or non-Muslims have been killed in the mean time . You should think that it is not the work of Islam or the great prophet Muhammad (sm ) .
Islam always works for peace and to protect human rights
I want to request my dear non – Muslims brothers and sister that Islam dose not reflect properly in present Muslim society . Islam actually lies in the Qur'an and Ha dis please, study the Qur'an and Ha dis and you will see the real Islam. At last, I want to say that Islam is an ideal. It is not only for the Muslims . It is for the whole mankind. Islam respects all the world


laugh rofl

You shouldn't speak for other muslims...
Ok So you, as a muslim, respects the whole world right! :thumbsup:

And as a respectable member of your faith you will purge the infidels within your religion? what

I didn't think so... Have a nice day!

HappyBun's photo
Wed 05/01/13 02:11 PM
One has to ask the question why US/UK Nato are arming to the hilt those Islamic fighters in Syria. Are they not the same people who strap bombs to their azz?.

mightymoe's photo
Wed 05/01/13 02:23 PM

One has to ask the question why US/UK Nato are arming to the hilt those Islamic fighters in Syria. Are they not the same people who strap bombs to their azz?.


the government just sets the rules, they never said they had to follow the rules... but that is a good question... my guess is that the rebels promised to let (whoever) build aa oil pipeline across Syria so Iran can't block the shipping channels to get oil out of Iraq... that's my best guess..

HappyBun's photo
Wed 05/01/13 03:40 PM


One has to ask the question why US/UK Nato are arming to the hilt those Islamic fighters in Syria. Are they not the same people who strap bombs to their azz?.


the government just sets the rules, they never said they had to follow the rules... but that is a good question... my guess is that the rebels promised to let (whoever) build aa oil pipeline across Syria so Iran can't block the shipping channels to get oil out of Iraq... that's my best guess..
You can't beat a bit of good old fashiomed DOUBLE STANDARD when it suits. Those fanatics it seems have their uses. They don't hate us for our freedom after all, more like birds of a feather. If America is self-sufficient in oil why bother being involved in Syria?.

no photo
Thu 05/02/13 05:01 AM
see i will tell u something in real Islam we cant just go and kill innocent people this is wrong and forbidden for our Religion im not with them and our Islam is far ways from their behavior ..we cant hit or kill people just like that they are crazy and they are nor real Muslim

no photo
Thu 05/02/13 05:07 AM
QUOTE:
You shouldn't speak for other muslims...
Ok So you, as a muslim, respects the whole world right! thumbsup

And as a respectable member of your faith you will purge the infidels within your religion? what

I didn't think so... Have a nice day!



im writing this to the people who don't know about my religion u like it take it even if u don't its ok for me ..NOT IMPORTANT..................have nice day