CNBC World - Islamic Finance: Applying religion to economics
![]() |
||
|
|
|
|
![]() |
||
A news item I caught off of CNBC World on Islamic Banking back in Summer of 2004. Just found it archived and will post this onto my website IslamBank.Community.
Channel: News & Politics
Uploaded: December 5, 2006 at 3:14 am
Author: himysyedward19
Length: 06:24
Rating: 4.67
Views: 15062
Tags: Banking CNBC Dubai Economics HiMY Interest Interest-Free IslamBank Islamic Islamic-Finance Riba Usury
Video Comments
|
alphamain (October 6, 2008 at 2:22 am)
Capitalism and Socialism practiced by US does not work as evident by the recent events. Islam has the solution. Unlike Judaism, muslims treat non-muslims and muslims alike - say no to oppressive usury based system.
alphamain (October 6, 2008 at 2:19 am)
Yes, you got that right. Just to share with you, Islam is encompassing everything. In Islam there is no such thing as separation between religion and others such as politics, criminal laws, economics etc. Secularism is not an option to muslims. It is time for muslims and non-muslims to know more about the alternative economy - free from usury.
RoadToTheOne (October 5, 2008 at 2:28 pm)
There is a difference between isolation and standing out amongst others; Islam is an open religion. It invites all to learn and embrace its principles; Muslims / non-Muslims alike may deal with an Islamic bank for exp. But Islam does not compromise on basic principles like forbidding interest charge for a good reason; look at the international financial crisis due to the burden of national debt that the interest based economy system and banks keep causing(answering in the context of the clip)
PandemicMadness (September 29, 2008 at 5:46 am)
why does islam have to isolate itself so much from the rest?
yudhilux80 (September 10, 2008 at 4:00 am)
Basic of Islamic finance is using Dinar(gold coin) and Dirham(silver coin),not fiat money(Dollar,Rupiah,Euro,Pound etc).Islamic economy becomes perfect for 14 centuries ago byusing Dinar and Dirham as currency,more stable,zero inflation,not riba as forbidden.
Triarch1000 (July 19, 2008 at 6:51 pm)
well said kalepensel.
pakxman (July 12, 2008 at 10:49 pm)
That is why Islam is not a religion it is a WAY OF LIFE.
BinDarwish (June 5, 2008 at 2:43 pm)
I salute you, finally someone smart in youtube!
alias609 (June 3, 2008 at 7:19 am)
actually that's a good point, if you can make money out of it, why not?!
kalepensel (June 3, 2008 at 1:31 am)
I dont know much about Sharia, but from what i see,its not using religion to make money,its applying the principal of religion in economy.For example,Muslim does not take alcohol,so it is prohibit to them to invest in alcohol industry. So as interest ,Muslim are prohibited to take interest,so they cannot enter in interest-based investment. It' about applying principal in economics,no problem about that... |

