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Islamic Banking and Finance - Professor Rodney Wilson

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http://islamicfinanceandbankin... Management in Islamic Finance" Organised by the Institute of Islamic Banking and Insurance (IIBI) London held at British Bankers' Association on 16/03/2007About the Speaker:Prof. Rodney Wilson is the Director of Post Graduate Studies at Durham University's School of Government and International Affairs. He manages the Durham Islamic Finance Programme and he is also on the academic committee of the Institute. He worked with the Islamic Development Bank, and is currently serving as a consultant to the Islamic Financial Services Board. His most recent book is: Islamic Economics: a Short History,Brill Academic Publishing, 2006. He has contributed to numerous professional publications on Islamic finance topics including sukuk, asset management, retail banking and most recently takaful. Professor Wilson acts as facilitator for courses on Islamic finance in London, Kuwait, Bahrain, Dubai, Kuala Lumpur and Singapore.

Channel: People & Blogs
Uploaded: March 16, 2007 at 9:45 pm
Author: riyazi

Length: 09:53
Rating: 4.25
Views: 8081

Tags: Akurana  bank  banking  compliance  compliant  durham  finance  islamic  islamicbanking  islamicfinance  Rodney  sharia  Wilson  

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Video Comments

sar7an00 (October 5, 2008 at 10:56 pm)
In europe they started to implement Islamic Finance to face the current crisis
stokes58 (September 3, 2008 at 3:59 pm)
True, not liking the system is not an excuse to be a victim. money is just a by-product of being active.
tomfromeur (September 2, 2008 at 2:14 pm)
reply to stokes58:Well, western banking system wants to destroy or at least control the Islamic banking. But do not worry about all this, because you as a regular person must become rich and wealthyby just increasing your own productivity, providing something of value to other people.Otherwise you just become poor, period.
stokes58 (September 2, 2008 at 12:57 pm)
ok, i'm sorry if i sounded blunt. the fact of the matter is there's a world wide game of monopoly going on and everyone, every country, is involved. the inventors of this game and those associated with them are always going to win. the only way to avoid losing is not to play the game but the bankers use the most devious methods to keep you playing. do you think that it's beyond them to trick muslims with 'islamic banking'?
tomfromeur (August 26, 2008 at 5:54 am)
reply to stokes58:Look, obviously you do not know what ZERO interest bank loans mean, or do you? Or maybeyou are unaware of what is the ZERO inflation? Or what is economical growth through productivity, and not through debt consumptionwe have in Europe and you guys over the in "America". Because maybe you didn't know that western banks create the debt, but not the interest... so there are so many people who fall back, and become homeless because of the interest based system.
stokes58 (August 23, 2008 at 7:11 pm)
yeah but it's still a bit like the jewish women wearing a wig instead of a hijab. six of one, half a dozen of the other if you ask me. as far as i can tell prof rodney isn't a muslim and nor are the rest of the worlds banking elite so it would seem that their invested interest (no pun intended) is not making sure muslims are living in a halal way.
turjo101 (August 21, 2008 at 11:20 pm)
haha!I understand your mistrust towards bankers..wealth financial system?!? this is for religious muslims who cannot take or give interest. We know how much interest is plaguing North Americans...many poor nations are also suffering. Profiting from interest (usury) is Haram (forbidden) in Islam. Its not about making money, its actually the opposite. Its about refraining from making money that could be against religious teachings...I hope you wont have any misconceptions against Islamic finance.
stokes58 (August 20, 2008 at 9:27 am)
still smells fishy to me, sorry. the whole false wealth financial system is the real problem so anything built on that is false too. i hope we can have a world free from the grip of bankers even if they do call themselves islamic.
turjo101 (August 17, 2008 at 9:38 pm)
it is not at all a contradiction...it is simply different from Western banking that involves interest...instead of interest Muslims take dividends...example...they can buy a house in cooperative...the downpayment of 1/3 would mean the ownership of 1/3...the person's monthly payment would be rent and 1/3 of that would go towards increasing his share of the house while the other 2/3 would be the dividend for the shareholders ...it'd be like a Real Estate Investment Trust (REIT).
stokes58 (July 24, 2008 at 4:36 pm)
i couldn't understand a word of it. 'islamic banking' is a contradiction in terms and you should be very suspisious of anyone trying to sell it.

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