Comments for Islamic Banking: A Utopian Idea Hard to Implement, Part 2 at http://www.islam-watch.org , comment 1 to 4 out of 4 comments http://www.islam-watch.org Sat, 25 May 2013 10:40:08 +0100 FeedCreator 1.7.3 http://www.islam-watch.org/authors/73-brahmachari/1047-islamic-banking-a-utopian-idea-hard-to-implement-part-2.html#comment-58769 An economic system serves HUMAN needs. If HUMANS abuse the system how can you blame almight ALLAH. HE gives you the fredom to use REASON in your own way. He points out the pitfalls but it is not HIM who makes you fall. Debt is a human problem not a divine problem. - Saif Ul-Haq Tue, 12 Jun 2012 10:55:29 +0100 http://www.islam-watch.org/authors/73-brahmachari/1047-islamic-banking-a-utopian-idea-hard-to-implement-part-2.html#comment-58756 Can Allah control inflation ? Can Allah show us how cost of capital can be ascertained ? Can Allah understand the concept of time value of money ? Certainly he cannot , because this asshole of a spook cannot understand economics of today . You cannot impose the camel-caravan and brigandery "economics" of Muhamad and his bumchum spook Allah who belong to the stone-age to todays economics which is very complex and far too sophisticated for the simple-minded , illiterate or semi-literate bedouins of the 7th century AD. They never had the concept of corporation, corporate governance, modern finance theories that has taken us to great heights of prosperity. Allah and Muhamad could not even foresee the advent of the 18th century industrial revolution, let alone the modern age of information technology. Islam is plain backward bullshit , and muslims are trying to make inroads into this with their backward bedouin idealogy to destroy modern civilisation to takes us all to the dark ages of brigandry and turmoil. I would not be surprised that soon they will claim all the science and technological advances in the name of islam just as they claimed the Biblical patriarchs as muslims and try to eliminate the jews ,while all their "prophets" except Muhamad were jews. It is just cut-throat brigandry and deception , just a pack of blatant lies. The socalled 'islamic economics' will never work in Saudi Arabia or in any other muslim country if they did not have oil that is needed by the west to drive their economies. This arrogance comes from this fact by the socalled muslims "scholars" . What will happen when oil is depleted ? These bedouins will have nothing to fall back upon unless they integrate and progress with the rest of the world. Islamic economics and finance is sham , utter nonsense. The socalled "islamic" economists and financial "experts" cannot stand before the real economists like Paul Samuelson, Keynes, Milton Freidman, Amartya sen, etc or the real financial experts like William Sharpe, Fisher Black, Myron Scholes, Merton Miller, Robert Merton and the like. These are puny people who are trying to exploit the present economic and financial crises that has been visiting Europe and America. These assholes are not aware that this is not the first crisis , there was also the great depression of the 1920s and 1930s , and it was soon overcome and great progress was made thereafter. These socalled islamic scholars are only trying to exploit the present situation to impose their shallow and untried crap. - vbv Tue, 12 Jun 2012 06:24:52 +0100 http://www.islam-watch.org/authors/73-brahmachari/1047-islamic-banking-a-utopian-idea-hard-to-implement-part-2.html#comment-58717 A little knowledge is a dangerous thing.Mohammad learnt a few things from the Jews without much understanding and put them in quran to impress those IGNORANT ,ILLITERATE ARABS of Madina.He was a DECEIVER GENIUS or genius in deception.He could not even do his sums correctly about distribution of estate.In the Parable of talents told by JESUS-THE GREATEST TEACHER EVER BORN,told that the one who was given only one TALENT:Why did you not put that in the bank so that it could have EARNED INTEREST FOR ME. THE MASTER cursed him and took that TALENT back from him and gave that to the one who was given ten Talents and had turned into twenty.MUSLIMS ARE LIKE THAT FOOLISH MAN WHO WAS GIVEN ONE TALENT AND THEY BURRIED IT.THEY HAVE MADE NO EFFORT TO IMPROVE THEMSELVES BECAUSE OF IDEOLOGY OF MOHAMMAD-THE DECEIVER. IGNORANCE-THY NAME IS ISLAM!! - balam Mon, 11 Jun 2012 03:43:08 +0100 http://www.islam-watch.org/authors/73-brahmachari/1047-islamic-banking-a-utopian-idea-hard-to-implement-part-2.html#comment-58693 Interest is not against moral because interest is everywhere. Time is generating interest because there are always people who can make use of it. It does not matter what kind of capital we are talking about: Real Estate, machines, raw materials, intellectual property, a car, an apartment or a certain amount of money. There can be no doubt that anybody who own it can take money from anybody who wants to make use of it for a certain period of time. We can call it usury if the rent is to high - but this applies to anything we can take money for. The conclusion is very simple: Interest has nothing to do with moral or law made by god. We do not need that because we are free and independent in our decisions and we do not need these scharlatans who call themselves scholars to tell us what to do or not to do. Let the economists and the people who are doing the work and the business decide how they get their financials in order! - Gnostic Sun, 10 Jun 2012 10:56:26 +0100