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CNBC World - Islamic Finance: Applying religion to economics

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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: 15384

Tags: Banking  CNBC  Dubai  Economics  HiMY  Interest  Interest-Free  IslamBank  Islamic  Islamic-Finance  Riba  Usury  

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Video Comments

kusari86 (October 13, 2008 at 3:55 am)
Is there a consensus amongst scholars concerning shorting stocks?
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 by using 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?!

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