Islamic Banking and terror financing in Bangladesh

[rashtriya.rifles]

Ok it means the "Islamic Banking" which India is offering is like throwing dust in the eyes of clients hence the Gulf states/clients as well as other Muslims should withdraw their money and deposit it in BD banks.

kids these days

 

[Contract Killer]

And you can save your rants for your countrymen, did I say it's impossible? A sole branch in Mumbai does not transcend into delusional lungi clad's dreams of taking in Indian Muslims deposits and causing financial losses for India. The banking sector will shunt them out if they get into anything that's seedy or fundamentalistic or get into terror financing activities. That solo branch would be under watchful eyes anyways.

Leave it illision8......... We are interacting with Midget mind ppl here.

so much of details will puzzle them.

 

[Awesome]

Islamic banking refers to a different equation of calculating interest for various banking products. It has little to do with practicing Islam or terrorism.

Regular banking can be involved in terrorism just as much.

 

[monitor]

Islamic banking refers to a different equation of calculating interest for various banking products. It has little to do with practicing Islam or terrorism.

Regular banking can be involved in terrorism just as much.

Nop they actually give share of profit from the investment they made in different investment . the investment itself also follow the rule of sharia so there is no traditional interest involves so far i understand Islamic banking system .all the Islamic bank and the regular bank that have branch of Islamic Banking follow the guide line of national sharia council who look after the Islamic banking practice .

You are right any Bank can involve in terror financing in respect of Islamic or non Islamic but unfortunately after 9/11 any thing have ''Islam'' ''muslim'' facing scrutiny and notice .

 

[eastwatch]

You are right any Bank can involve in terror financing in respect of Islamic or non Islamic but unfortunately after 9/11 any thing have ''Islam'' ''muslim'' facing scrutiny and notice.

----------after 9/11 any thing has ''Islam'' and ''muslim'' are facing scrutiny and notice, and the Indians are fanning the fear of westerners by falsely claiming that BD Islamic Banks are financing terrorism. The hypocrat Indians!

 

[my2cents]

Islamic Banks in Bangladesh may open branches in India or Indian Muslims themselves may build such banking institutions by themselves for the Indian muslims. This is how the Usury taking Banks will keep on losing cutomers. So, in order to stop the Islamic Banks start and flourish in India, this Indian Dipanjan is lying against the system

Lot of Muslims in the world do not know that you can do regular banking without accepting interest. Just talk to the bank concerned about religious obligations. Indian banks will open accounts without interest accruing for the money you deposit. It is in their advantage to have customers like that. No Islamic Banks necessary.

 

[TopCat]

Lot of Muslims in the world do not know that you can do regular banking without accepting interest. Just talk to the bank concerned about religious obligations. Indian banks will open accounts without interest accruing for the money you deposit. It is in their advantage to have customers like that. No Islamic Banks necessary.

How about lending money without interest??? Can your Indian bank do that? ;-)

 

[monitor]

Lot of Muslims in the world do not know that you can do regular banking without accepting interest. Just talk to the bank concerned about religious obligations. Indian banks will open accounts without interest accruing for the money you deposit. It is in their advantage to have customers like that. No Islamic Banks necessary.

Its not about just not taking Interest . when i will put money in a regular bank they will invest it by getting interest from that investment which will not be acceptable either . as Taking and giving interest is strictly forbidden in Islam it regard as a Kabira gunah

 

[OrionHunter]

who the **** is this Dipanjan Roy Chaudhury

must b a WB dada with his fanatic ideas

Don't talk like an imbecile. You're shooting the messenger. The facts stated are correct and available on all media outlets and this is nothing new! HSBC Bank has already been hauled up for this.

The investigations found that HSBC, with its headquarters in London, allowed affiliates in countries such as Mexico, Bangladesh and Saudi Arabia to move billions of dollars in suspect funds into the US without adequate controls which the report said, has links to financing terrorism..

Two banks in Bangladesh -- Islami Bank Bangladesh Ltd and Social Islami Bank Ltd -- came into the spotlight yesterday for their alleged links to terrorist financing after a US Senate report exposed British banking giant HSBC's internal governance failure to control flows of suspect funds.

One of the banks was allegedly funding al-Qaeda, and Osama bin Laden's brother-in-law held shares in a company that has shares in the bank.


A report of the US Senate Permanent Subcommittee on Investigations, a congressional watchdog panel, has revealed this troubling information which shows a "pervasively polluted" culture at HSBC Holdings Plc.

2 Bangladesh banks under scrutiny for terrorist financing

More...HSBC provided services for Saudi Arabia's Al Rajhi Bank linked to financing terrorism

 

[my2cents]

Nop they actually give share of profit from the investment they made in different investment . the investment itself also follow the rule of sharia so there is no traditional interest involves so far i understand Islamic banking system .all the Islamic bank and the regular bank that have branch of Islamic Banking follow the guide line of national sharia council who look after the Islamic banking practice .

You are right any Bank can involve in terror financing in respect of Islamic or non Islamic but unfortunately after 9/11 any thing have ''Islam'' ''muslim'' facing scrutiny and notice .

Are you of the opinion the Islamic Banks should be exempt from scrutiny??? How are you going to rein in terror modules and drug traffickers operating in Bangladesh???

States should have an handle on tracking huge sums of money floating around........prevention is an imp. tool. Freezing the assets of suspected terrorists is an imp. weapon one can use with caution to recover ill-gotten money. You can also recover assets gotten from gambling, money laundering, drug money and proceeds of crime. Follow the money of crime and u will find the culprits.

 

[persis]

Its not about just not taking Interest . when i will put money in a regular bank they will invest it by getting interest from that investment which will not be acceptable either . as Taking and giving interest is strictly forbidden in Islam it regard as a Kabira gunah

What a stupid thing , Then how any bank will work if they won't invest , if they don't get benefit , how will they pay salaries of their employee ? how will they put ATM on every 100 meter.

u don't need bank just keep it in home.

there are many rules for Muslims like Muslim should kill every non-Muslim or convert or apply kafir tax, should they ? come-on man this thing increasing religious madness in Muslims , Move on It's not necessary to follow everything in religious books it's 20th cent. not 7th . follow which is easy , adjustable throw other things .

 

[Zabaniyah]

Leave it illision8......... We are interacting with Midget mind ppl here.

so much of details will puzzle them.

Why don't you enlighten these 'midget minded' people with your tremendous intellect instead of ranting?

Your friend claimed that there is no way Bangladesh can establish a bank in India or anywhere around the world since it is 'poor'. We simply busted that claim.

Just try not to spread false information.

Don't talk like an imbecile. You're shooting the messenger. The facts stated are correct and available on all media outlets and this is nothing new! HSBC Bank has already been hauled up for this.

The investigations found that HSBC, with its headquarters in London, allowed affiliates in countries such as Mexico, Bangladesh and Saudi Arabia to move billions of dollars in suspect funds into the US without adequate controls which the report said, has links to financing terrorism..



More...HSBC provided services for Saudi Arabia's Al Rajhi Bank linked to financing terrorism

'Allegedly' that is.

Let them investigate.

Are you of the opinion the Islamic Banks should be exempt from scrutiny??? How are you going to rein in terror modules and drug traffickers operating in Bangladesh???

States should have an handle on tracking huge sums of money floating around........prevention is an imp. tool. Freezing the assets of suspected terrorists is an imp. weapon one can use with caution to recover ill-gotten money. You can also recover assets gotten from gambling, money laundering, drug money and proceeds of crime. Follow the money of crime and u will find the culprits.

Free from scrutiny? Not at all.

Although much of what you say is logical without any twists.

Law and order in Bangladesh isn't very good right now. And to be honest, our law enforcers aren't up to the mark for anything. People can make money out of nowhere now. Refer to the Sonali Bank/Hal-mark scam. Now imagine criminals.

If they can't track down the individuals in such matters, then there is simply no way they can track terrorists/criminals by linking them financially. This aspect of control is pretty lose in Bangladesh.

Pirates freely operate in the deep jungles of Bangladesh. Some reports say they are even better equipped, organized and financed than the Bangladesh Coastguard. Surely, they must have backing from somewhere.

Much of this blame lies in the government's ability.

I really wonder as to how they'll investigate the matter in Bangladesh given these limitations.

 

[my2cents]

What a stupid thing , Then how any bank will work if they won't invest , if they don't get benefit , how will they pay salaries of their employee ? how will they put ATM on every 100 meter.

u don't need bank just keep it in home.

there are many rules for Muslims like Muslim should kill every non-Muslim or convert or apply kafir tax, should they ? come-on man this thing increasing religious madness in Muslims , Move on It's not necessary to follow everything in religious books it's 20th cent. not 7th . follow which is easy , adjustable throw other things .

If you just Google Islamic banking, you will get all the answers. You are a newbie and you come here ranting without any sensitivity to your Muslim brothers. If you are not sure, just ask.

 

[Zabaniyah]

What a stupid thing , Then how any bank will work if they won't invest , if they don't get benefit , how will they pay salaries of their employee ? how will they put ATM on every 100 meter.

u don't need bank just keep it in home.

there are many rules for Muslims like Muslim should kill every non-Muslim or convert or apply kafir tax, should they ? come-on man this thing increasing religious madness in Muslims , Move on It's not necessary to follow everything in religious books it's 20th cent. not 7th . follow which is easy , adjustable throw other things .

You think Islamic banks would still operate for decades through making losses? How?

Actually, Islamic banks in Bangladesh have been profitable.

Banks log hefty profit

How is it that Islamic banking is doing well in the UK?
UK top Islamic bank sets up capital markets desk | Reuters

London School of Business and Finance does offer a course for Islamic banking:
LSBF - MSc Islamic Banking and Finance Courses - Islamic Degree in UK

Kind of rich coming from a chap living in the UK.

And Western thinkers have discussed the matter.
Prison Planet.com » Islamic Banks Are Surviving the Financial Crisis Better Than Western Banks
Could Islamic financing avoid credit crises?
Gateway Credit Union

There are many articles.

 

[persis]

If you just Google Islamic banking, you will get all the answers. You are a newbie and you come here ranting without any sensitivity to your Muslim brothers. If you are not sure, just ask.

in such case they are not following it perfectly , because in such case all Islami country would be bankrupt if their national banks won't earn money by money. if i am not wrong they did't bankrupt mean they invest money such case what is meaning of Islamism banking to just satisfy extremism and shariah ?