Saturday, May 18, 2013

Unravelling 300 years of Brainwashing

 Assalamu 'Alaikum,
Revising my Coursenotes in preparation to deliver my "Shariah Based Investment Banking Course" to industry players at PJ Hilton next week I came across these two slides which I feel is important enough to share with all :

SLIDE 102

• Can we conduct LBO’s and Growth Capital in a Shariah Compliant manner?
• These areas especially Growth Capital seems to be the most underdeveloped area in Islamic finance.
• As banks are stuck in the mould of debt; the Islamic version of banks is also stuck in the mould of debt financing.
• This is because over the centuries this culture of risk aversion has been drummed into our heads that risk becomes a four letter word.

Thursday, May 9, 2013

Raining in my heart

Assalamu 'Alaikum,
Our leaders must be aware of big picture. Taught Sukuk in house at JCorp. As usual a lot of story telling on fiat money, fractional reserve banking, rich gets richer poor gets poorer system, profit maximisation and jobless graduates and school leavers, USD, Riba, AlAqsa, secularisation, and the mindless Islamic Financial system being practised now. A participant asked, who understands all this in order for us to change, En Zahid? A sobering thought when another participant said "Is not that person you, En Zahid?"