Comments on: Interesting observation:Islamic banks do not milk their clients.

By: Veronica

Veronica — Sun, 25 Dec 2011 15:01:17 +0000

There are so many types of bank that has different system and as clients its our obligation to make sure that their system will work for us. It is also our decision if we agree and have business with them. I just hope that banks would be more transparent when doing business with their clients.
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By: Clement Nyirenda

Clement Nyirenda — Tue, 15 Dec 2009 09:21:27 +0000

I guess its time for all countries that are heavily dependent on the hydrocarbons to start diversifying their economies. Otherwise, their future is dim.

By: Miqu Deladieri

Miqu Deladieri — Tue, 15 Dec 2009 09:11:39 +0000

Long time not see Mr Clement.

I wonder what will happen to the islamic banking (and islamic finance as general), when the oil boom past away.

For now, Pakistan is no more the world leader of Islamic Banking as it battle with internal conflict, and the whole wealthy Arab countries are suffering a hard setback from global crisis.

But the islamic-banking trend is still growing on the net, atleast.

http://www.google.com/insights/search/#q=islamic%20banking&cmpt=q
.-= Miqu Deladieri´s last blog ..Islamic Bonds Increasing =-.

By: Clement Nyirenda

Clement Nyirenda — Wed, 01 Jul 2009 03:53:27 +0000

@Miqu: Now you are talking. The middle east oil boom is the major reason. This implies that if banks in the other regions of the world adopted the fairness of Islamic banks, it would be very difficult for them to survive.

By: Miqu Deladieri

Miqu Deladieri — Wed, 01 Jul 2009 03:43:00 +0000

As the BBC said, the profit of islamic banking are low compare to conventional banking. And unless its supported by a special government encouragement, these bank growth rate will be really slow. But its survivability is higher than conventional.

The same concept also applied in : http://takaful-insurance.net/what-is-takaful/differ-to-conventional

And why worldwide islamic banking now flourished ? The fairness concept is ranked no.2 actually. The number one reason is : Middle East Oil Boom. Lots of wealthy client from muslim majority states.

By: Smith

Smith — Tue, 26 May 2009 21:00:35 +0000

I agree with you 100% Clement. I wouldn’t say I could really see banking interest as a form of gambling, it’s just a bit mean. I think by not taking advantage of their customers these banks will benefit and their communities will thrive. Hopefully they can be an example, even a small one, and help make some slow change.

And about christianity, I don’t know everything about it, but doesn’t the bible forbid “usury”?

By: Clement Nyirenda

Clement Nyirenda — Tue, 05 May 2009 23:58:59 +0000

@Allan: Not necessarily. But if I can acquire the resources and the technical capabilities, I can.

By: Allan Zyapa

Allan Zyapa — Tue, 05 May 2009 23:30:35 +0000

@Clement on March 7th, Are you thinking to start some sort of Bank?