Sharia Law Based Finance
I am long ETHBTC, however as usual, this is not a direction but an attention draw, I must go off on a "conspiracy theory" speech.
A woman in Jordan went to jail for owing $845, I mean this when I say it, I would go to Jail for her so she can feed her family, this is how much the oppression of the people anger me. I fear no Demon and No jail, I will go to Thai Jail, Brazilian Jail, Mexican Jail, Etc... if I do not agree with the moral principles. Today, I saw a bathroom cost 5 THB, is this a joke? We are being charged to use the bathroom, if we do not, we will be arrested. I do this not only for my Wife and Daughter, I do this for the people; I will fight to the death for the people and that is on GOD. I see the earth crumbling, but have no fear my friends, the Father is helping all. He lets the demons live, for deep down, they are burning. Pray for the meek, for they will inherit the earth. We have the heart of a lion and soul of a lamb, we will not bow down to the Illuminati.
I was held at the airport for 1.5 hours as my Pregnant wife waited for me, since these corrupt people try to hurt the power of the people. My ex boss created this since I asked her to sign a legal contract, she then attacked me and threatened me to blacklist me from the country for working without a work permit, a work permit is something the employer is responsible for, I still pray for her since she has a young daughter. She then asked me to come back and work for her, is this a joke?
My past three employers have forced me to sign NDAs, contracts and Non Competes while they refuse to sign any legal contracts for me, there is a reason I am self employed, The father has sent me here to free the people, I will make Trillions and give it all back to those who deserve it, the meek and humble.
I have committed no crime, the only "crime" I have committed is questioning corruption. I will stand no longer to see pedophiles rule us as my daughter will have to face abuse by evil men.
It angers me when I walk the streets and see little girls sold into sex slavery, when I see people die daily of motorbike safety, it being ignored but global lockdowns enforce COVID "safety", when Boris Johnson himself is throwing orgies on the peoples dime. I have no fear of death, no fear of them, only fear of the righteous suffering.
"Riba is an Arabic word that can be roughly translated as "usury", or unjust, exploitative gains made in trade or business under Islamic law. Riba is mentioned and condemned in several different verses in the Qur'an (3:130, 4:161, 30:39 and perhaps most commonly in 2:275-2:280).[1] It is also mentioned in many hadith (reports describing the words, actions, or habits of the Islamic prophet Muhammad).
Mudarabah is a partnership where one party provides the capital while the other provides labor and both share in the profits.[12] [13] The party providing the capital is called the rabb-ul-mal ("silent partner", "financier"), and the party providing labor is called the mudarib ("working partner"). In classical mudaraba, the financier provides 100% of the capital; cases where the capital is provided by both the financier and the working partner result in a joint mudarabah-musharakah contract.[9] Profits generated are shared between the parties according to a pre-agreed ratio. If there is a loss, rabb-ul-mal will lose his capital, and the mudarib party will lose the time and effort invested in the project. The profit is usually shared 50%-50% or 60%-40% for rabb ul mal-mudarib.
Islamic banking, Islamic finance or Sharia-compliant finance[1] is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic banking/finance include Mudarabah (profit-sharing and loss-bearing), Wadiah (safekeeping), Musharaka (joint venture), Murabahah (cost-plus), and Ijara (leasing).
Sharia prohibits riba, or usury, defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to riba).[2][3] Investment in businesses that provide goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also haram ("sinful and prohibited").
These prohibitions have been applied historically in varying degrees in Muslim countries/communities to prevent un-Islamic practices. In the late 20th century, as part of the revival of Islamic identity,[4][Note 1] a number of Islamic banks formed to apply these principles to private or semi-private commercial institutions within the Muslim community.[6][7] Their number and size has grown, so that by 2009, there were over 300 banks and 250 mutual funds around the world complying with Islamic principles,[8] and around $2 trillion was Sharia-compliant by 2014.[9] Sharia-compliant financial institutions represented approximately 1% of total world assets,[10] concentrated in the Gulf Cooperation Council (GCC) countries, Pakistan, Iran, and Malaysia.[11] Although Islamic banking still makes up only a fraction of the banking assets of Muslims,[12] since its inception it has been growing faster than banking assets as a whole, and is projected to continue to do so.[9][13][14]
The industry has been lauded for returning to the path of "divine guidance" in rejecting the "political and economic dominance" of the West,[4] and noted as the "most visible mark" of Islamic revivalism,[15] its most enthusiastic advocates promise "no inflation, no unemployment, no exploitation and no poverty" once it is fully implemented.[13][16] However, it has also been criticized for failing to develop profit and loss sharing or more ethical modes of investment promised by early promoters,[17] and instead selling banking products[18] that "comply with the formal requirements of Islamic law",[19] but use "ruses and subterfuges to conceal interest",[20] and entail "higher costs, bigger risks"[21] than conventional (ribawi) banks."
- Definition courtesy of wikipedia
A woman in Jordan went to jail for owing $845, I mean this when I say it, I would go to Jail for her so she can feed her family, this is how much the oppression of the people anger me. I fear no Demon and No jail, I will go to Thai Jail, Brazilian Jail, Mexican Jail, Etc... if I do not agree with the moral principles. Today, I saw a bathroom cost 5 THB, is this a joke? We are being charged to use the bathroom, if we do not, we will be arrested. I do this not only for my Wife and Daughter, I do this for the people; I will fight to the death for the people and that is on GOD. I see the earth crumbling, but have no fear my friends, the Father is helping all. He lets the demons live, for deep down, they are burning. Pray for the meek, for they will inherit the earth. We have the heart of a lion and soul of a lamb, we will not bow down to the Illuminati.
I was held at the airport for 1.5 hours as my Pregnant wife waited for me, since these corrupt people try to hurt the power of the people. My ex boss created this since I asked her to sign a legal contract, she then attacked me and threatened me to blacklist me from the country for working without a work permit, a work permit is something the employer is responsible for, I still pray for her since she has a young daughter. She then asked me to come back and work for her, is this a joke?
My past three employers have forced me to sign NDAs, contracts and Non Competes while they refuse to sign any legal contracts for me, there is a reason I am self employed, The father has sent me here to free the people, I will make Trillions and give it all back to those who deserve it, the meek and humble.
I have committed no crime, the only "crime" I have committed is questioning corruption. I will stand no longer to see pedophiles rule us as my daughter will have to face abuse by evil men.
It angers me when I walk the streets and see little girls sold into sex slavery, when I see people die daily of motorbike safety, it being ignored but global lockdowns enforce COVID "safety", when Boris Johnson himself is throwing orgies on the peoples dime. I have no fear of death, no fear of them, only fear of the righteous suffering.
"Riba is an Arabic word that can be roughly translated as "usury", or unjust, exploitative gains made in trade or business under Islamic law. Riba is mentioned and condemned in several different verses in the Qur'an (3:130, 4:161, 30:39 and perhaps most commonly in 2:275-2:280).[1] It is also mentioned in many hadith (reports describing the words, actions, or habits of the Islamic prophet Muhammad).
Mudarabah is a partnership where one party provides the capital while the other provides labor and both share in the profits.[12] [13] The party providing the capital is called the rabb-ul-mal ("silent partner", "financier"), and the party providing labor is called the mudarib ("working partner"). In classical mudaraba, the financier provides 100% of the capital; cases where the capital is provided by both the financier and the working partner result in a joint mudarabah-musharakah contract.[9] Profits generated are shared between the parties according to a pre-agreed ratio. If there is a loss, rabb-ul-mal will lose his capital, and the mudarib party will lose the time and effort invested in the project. The profit is usually shared 50%-50% or 60%-40% for rabb ul mal-mudarib.
Islamic banking, Islamic finance or Sharia-compliant finance[1] is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic banking/finance include Mudarabah (profit-sharing and loss-bearing), Wadiah (safekeeping), Musharaka (joint venture), Murabahah (cost-plus), and Ijara (leasing).
Sharia prohibits riba, or usury, defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to riba).[2][3] Investment in businesses that provide goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also haram ("sinful and prohibited").
These prohibitions have been applied historically in varying degrees in Muslim countries/communities to prevent un-Islamic practices. In the late 20th century, as part of the revival of Islamic identity,[4][Note 1] a number of Islamic banks formed to apply these principles to private or semi-private commercial institutions within the Muslim community.[6][7] Their number and size has grown, so that by 2009, there were over 300 banks and 250 mutual funds around the world complying with Islamic principles,[8] and around $2 trillion was Sharia-compliant by 2014.[9] Sharia-compliant financial institutions represented approximately 1% of total world assets,[10] concentrated in the Gulf Cooperation Council (GCC) countries, Pakistan, Iran, and Malaysia.[11] Although Islamic banking still makes up only a fraction of the banking assets of Muslims,[12] since its inception it has been growing faster than banking assets as a whole, and is projected to continue to do so.[9][13][14]
The industry has been lauded for returning to the path of "divine guidance" in rejecting the "political and economic dominance" of the West,[4] and noted as the "most visible mark" of Islamic revivalism,[15] its most enthusiastic advocates promise "no inflation, no unemployment, no exploitation and no poverty" once it is fully implemented.[13][16] However, it has also been criticized for failing to develop profit and loss sharing or more ethical modes of investment promised by early promoters,[17] and instead selling banking products[18] that "comply with the formal requirements of Islamic law",[19] but use "ruses and subterfuges to conceal interest",[20] and entail "higher costs, bigger risks"[21] than conventional (ribawi) banks."
- Definition courtesy of wikipedia
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