Saturday, 6 February 2010

ISLAMIC BANK OF BRITAIN.

We knew it was coming.

Sharia Finace supports and pays for the spread of Islam.
Who supports YOU ?
Your Tax Payments pay your money into their accounts.

SHARIA FINANCE coming to a Highstreet Near You.


http://www.islamic-bank.com/sharia-finance/

Wakala Treasury Deposit Account
http://www.islamic-bank.com/personal-banking/savings-products/wakala-treasury-deposit-account/

Murabaha Treasury Deposit Account
http://www.islamic-bank.com/personal-banking/savings-products/murabaha-treasury-deposit-account/

This is the Glossary
http://www.islamic-bank.com/glossary/

Glossary of Islamic Terms

Ijara
Ijara is a form of leasing. It involves a contract where the bank buys and then leases an item – perhaps a consumer durable, for example – to a customer for a specified rental over a specific period. The duration of the lease, as well as the basis for rental, are set and agreed in advance. Islamic Bank of Britain retains ownership of the item throughout the arrangement and takes back the item at the end.

Ijara-wa-iktana
Ijara-wa-iktana is similar to Ijara, except that included in the contract is a promise from the customer to buy the equipment at the end of the lease period, at a pre-agreed price. Rentals paid during the period of the lease constitute part of the purchase price. Often, as a result, the final sale will be for a token sum.

Ijara with diminishing Musharaka
The principle of Ijara with diminishing Musharaka can be used for home-buying services. Diminishing Musharaka means that we reduce our equity in an asset with any additional capital payment you make, over and above your rental payments. Your ownership in the asset increases and ours decreases by a similar amount each time you make an additional capital payment. Ultimately, we transfer ownership of the asset entirely over to you.

Mudaraba
Mudaraba refers to an investment on your behalf by a more skilled person. It takes the form of a contract between two parties, one who provides the funds and the other who provides the expertise and who agree to the division of any profits made in advance. In other words, Islamic Bank of Britain would make Sharia compliant investments and share the profits with the customer, in effect charging for the time and effort. If no profit is made, the loss is borne by the customer and Islamic Bank of Britain takes no fee.

Mudarib
In a Mudaraba contract, the expert who manages the investment is known as a Mudarib.

Murabaha
Murabaha is a contract for purchase and resale and allows the customer to make purchases without having to take out a loan and pay interest. Islamic Bank of Britain purchases the goods for the customer, and re-sells them to the customer on a deferred basis, adding an agreed profit margin. The customer then pays the sale price for the goods over instalments, effectively obtaining credit without paying interest.

Musharaka
Musharaka means partnership. It involves you placing your capital with another person and both sharing the risk and reward. The difference between Musharaka arrangements and normal banking is that you can set any kind of profit sharing ratio, but losses must be proportionate to the amount invested.

Qard
A Qard is a loan, free of profit. We use this arrangement for our Current Accounts. In essence, it means that your Current Account is a loan to the bank, which is used by the bank for investment and other purposes. Obviously it has to be paid back to you, in full, on demand.

Riba
Riba means interest, which is prohibited in Islamic law. Any risk-free or guaranteed interest on a loan is considered to be usury.

Wakala
Wakala is an agency contract, which usually includes in its terms a fee for the expertise of the agent. We may use it for our large Deposit accounts: you own the capital invested, you appoint us as your agent and pay a fee for our expertise.



We now have SHARIA COURTS and SHARIA BANKING.
Not long now before the full implementation of Sharia Law within the British Legal and Financial System.
And due to Brown and Blairs TREASON don't be surprised if we are indebted to Islamic/Sharia Monetary systems.
The Banks have Collapsed and are busily dividing up their share of the "QUANTATIVE EASING", that Darling- Brown initiative to give away vast sums of British Taxpayers and the Nations Wealth to proven CHEATS, LIARS, and THIEVES.

We shall not Forget nor Forgive.

3 comments:

ENGLISHMAN said...

Do they expect us to believe that there is absolutely NO interest taking place?is this bank "investing"in businesses and other banks interest free,takiya anyone?

gatesofvienna said...

bank buys car- cost £9000...bank then sells to client for £13.000....it's just not called interest!


http://www.freeworldacademy.com/globalleader/europeanconstitution.htm

THE EURO-ARAB PARTNERSHIP


SUMMARY

The Euro-Arab partnership favors the implementation of Islam in Europe, criminalizes any criticism of Islam and finally prepares a long term merger of the European Union with the Arab world.

Moreover, the European institutions have just created a new Foundation in order to perform these goals. It will promote change in education and culture with a large place to religion and the learning of arabic. Instead of focusing on science and modern knowledge, the European education will return to the early Middle Ages! The Foundation also aims to target the schools of journalism and to develop arabic TV channels in Europe. It means that this Foundation intends to influence children, scholars and journalists in the entire Europe.



http://www.youtube.com/watch?v=96ZUZ9CPZII&feature=player_embedded

"Islam is what you will get"

Andy said...

Please note "The Act of Supremacy". Yet this Gubmint lie down and roll over for any foreigner, prince or prolate to tickle its belly and give it orders.

yaz