SSREIT - Sabana Shari'ah Compliant Industrial REIT

Discussion in 'Stocks & Derivatives' started by petey, Dec 1, 2013.

  1. Byron

    Byron Guest

    Good points. I'm not an expert but I imagine roman/Byzantine law also influenced English law. Having a quick look at wiki there was no mention of Islamic law influencing common law.

    Perhaps attempts are being made in academia to give more credit to Islamic law and sharia. From experience doing post graduate studies, many academics are leftist, globalists.
     
  2. bron suchecki

    bron suchecki Active Member Silver Stacker

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    That doesn't answer my question. It is easy to talk about what is right and wrong, but that is just hot air until you have to apply it to practical, real life. I can't let it "go through to the keeper" as I have an islamic bank wanting to deal with us. So ethically under your beliefs what should I do?
     
  3. SilverSanchez

    SilverSanchez Active Member

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    If a customer wants to buy a products under certain conditions (in this case Shairah compliant) and the vendor is willing and happy to meet the requirements, I dont see any problem with meeting a customers request, this is a free market and the deal was struct voluntarily by both parties. Just remember Bron, if you have to pay a fee for a Shariah Compliance Assessment (and I dont know if you do or not) but if you do that is where your money is channeled into spurious ends, supporting Jihad - both violent and non-violent

    If a shariah finance product is available to puchase, lend from etc - and the terms are agreeable, then because of free market and voluntary entry by both parties I dont see an issue.

    However if vendors are being coerced into supplying shariah finance instuments through social terrorism. If competition is being hindered (only shariah finance) thats obviously not free market.

    I respect you Bron, im not telling the perth mint who or how to do their business. I am however terribly concerned with the stated goals of the Muslim brotherhood (the inventor of shariah compliance) It is a very similar model to 'Fair Trade' the environmentalist organisation extorting money from businesses at threat of negative publicity. And so a western 'ethical' investor needs to be fully informed regarding what they are investing in, and the implication for a free society. In my experience 'ethical' means not much, nor toes the term tollerant (those words alone mean nothing without more information)

    This is why I say it is like fabian socialism. Creaping Shariah doesnt stop at financial instruments, shariah is clearly seen and expressed by immagrants to Australian who are running from Shariah law. Why after they have run here for freedom, are we (at this point risking through ignorance of the Muslim Brotherhood and other non-violent Jihad tactics) the freedom that attracted them here in the first place.

    I hope you can see my perspective on this. If any muslim people have read my posts here, please understand I am not intending to personally offend (however some things are personally offensive) for example when people say 'Jesus Christ' as a curse or exlimation - that is offensive - yet it is seen by our culture as completely fine. The double standard for Mohummad is quite hard to understand other than some muslims seem prepared to go to violence over it. I dont undertand that if it is a religion of peace.
     
  4. bron suchecki

    bron suchecki Active Member Silver Stacker

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    Thanks for clarifying your views. We aren't paying for a compliance assessment, the bank we are dealing with has their own internal team of sharia scholars who do the assessment, in addition to the usual legal and risk assessments.
     

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