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ATIF 在 2012/2/5 下午 12:02:32
INTEREST

 May peace on all! Dear friends you all are requested to ponder over the problem of interest. Is this a problem of muslims only??

Secondly, suppose the entire banking system goes interest free; now, where you will keep your money? kindly rank the following options:

1- do not save at all,

2- save but keep at home,

3- save and invest,

4- save and keep in bank.

Please remember that:

* it may be dangerous to keep money at home,

* in a bank, money is safe,

* bank provides the faciities of funds transfer ( by cheque or through electonic means like debit cards etc.)

 

ATIF 在 2012/2/7 上午 06:29:53
MONETARY INFLATION

An increase in the money supply may be called monetary inflation, to distinguish it from rising prices, which may also for clarity be called 'price inflation'.[23] Economists generally agree that in the long run, inflation is caused by increases in the money supply. However, in the short and medium term, inflation is largely dependent on supply and demand pressures in the economy.[24]                                                             (SOURCE: http://en.wikipedia.org/wiki/Inflation)

ATIF 在 2012/2/8 上午 01:06:07
DISADVANTAGES OF INFLATION
if inflation goes up it means that the prices of goods also go up. this may lead to workers demanding higher wages and result in less profit for the business. also means people will not have the the same amount of money to spend and this could lead to a decrease in sales.(less profit) Read more: http://wiki.answers.com/Q/What_are_the_disadvantages_of_Inflation#ixzz1llesjDku
ATIF 在 2012/2/9 下午 12:00:52
CASH RESERVES AND INFLATION

Reserve ( minimum reserves each commercial bank must hold (rather than lend out) of customer deposits and notes. ) serves as a very basic tool for the bank to lend out money and to earn profit, while increasing the supply of money many many times. For example, if the reserve requirement is 10%, and a depositor deposits 100$, so the bank can convert this 100 into 1000$ ( for 10% of 1000 is 100), increasing the supply of money 10 times. This is the increase yet not in physical money; hence it adds to inflation greatly.

ATIF 在 2012/2/17 上午 10:57:54
WHO BEARS INTEREST COST- ULTIMATELY PEOPLE
A bank gives loan, to manufacturer, distributor, wholesaler, retailer, consumers as well as to government. The QUESTION is who ultimately bears the burden of interest???. Say, the bank cahrges 10 % ( or 10$ on 100$) so a manufacturer will include this cost in the cost of the product; ( assume this product has cost 20$, so new price of the product including interest cost would be 20+10=30$). The distributor who purchases this product has also taken loan so the distributor will also include this interest cost in the cost of the product, say he also pays interest 10$, so the revised price of the product would be 30+10=40$. SImilarly adding 10$ for wholesaler and 10$ for retailer to the product's cost, the cost would be 40+20=60$. And ultimately who will buy/consume this product??? Answer is consumer, people. if this is a finished/final product; otherwise if a company buys this product then this company will add its interest cost too and so on. Government pays interest cost to bank while recovers it by levying taxes on people. Again, we people bear this interest.
ATIF 在 2012/3/5 上午 02:07:59
RE: Zero interest rate
Japan is the practical example where there is zero interest rate policy and yet japan's economy is getting better.
ATIF 在 2012/3/18 上午 11:49:30
RE: INTEREST EXPENSE
When a company incurs loss, it does not distribute profits ( dividend) to its shareholders because of incurring loss. But the company will pay interest expense to a bank even incurring losses. In short, the banks have first right over the profits of the company.
ATIF 在 2012/3/19 下午 01:07:58
RE: RE: INTEREST EXPENSE
Exodous 22 : 25 If you should lend money to my people , to be afflicted alongside you, you must not become like a userer to him. You must not lay interest upon him.
ATIF 在 2012/3/22 上午 11:22:32
Re: RE: RE: INTEREST EXPENSE

 CHapter 2: verses:

275. Those who eat Riba (usury) will not stand (on the Day of Resurrection) except like the standing of a person beaten by Shaitan (Satan) leading him to insanity. That is because they say: "Trading is only like Riba (usury)," whereas Allah has permitted trading and forbidden Riba (usury). So whosoever receives an admonition from his Lord and stops eating Riba (usury) shall not be punished for the past; his case is for Allah (to judge); but whoever returns [to Riba (usury)], such are the dwellers of the Fire - they will abide therein.

 
276. Allah will destroy Riba (usury) and will give increase for Sadaqat (deeds of charity, alms, etc.) And Allah likes not the disbelievers, sinners.
 
277. Truly those who believe, and do deeds of righteousness, and perform As-Salat (Iqamat-as-Salat), and give Zakat, they will have their reward with their Lord. On them shall be no fear, nor shall they grieve.
 
278. O you who believe! Be afraid of Allah and give up what remains (due to you) from Riba (usury) (from now onward), if you are (really) believers.