Musharaka Islamic Joint Venture

Musharaka is the islamic form of joint venture, where two or more parties form an investment venture , and where they both share profits and losses accordingly.

All parties involved in the Musharaka should have agreed on terms and conditions prior to engaging in this deal. Roles or capitals contributions are assigned and agreed upon by all parties.

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How much traffic needed to earn $100 per day from google adsense | Internet Technology Blog

How much traffic needed to earn $100 per day from google adsense | Internet Technology Blog

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Mauritius Islamic bank to start operation in Q1

PORT LOUIS (Reuters) - Mauritius's first Islamic bank will be operational by the end of the first quarter of 2011, the central bank governor said on Thursday.

The palm-fringed island's growing offshore financial sector pitches itself as a financial platform bridging Africa, the Indian sub-continent and Asia.

Mauritius is seeking to tap into the $1 trillion Islamic finance industry, and the central bank also plans to offer sharia-compliant short-term liquidity tools.

The Bank of Mauritius granted its first Islamic Banking licence in October 2009 to provide an alternative mode of financial intermediation to bank customers, central bank Governor Rundheersing Bheenick said

"We expect the bank to be operational by the end of the first quarter of 2011," Bheenick said in his annual end-of-year letter to stakeholders.

No further details about the new bank were immediately available.

Islamic banking is one of the world's fastest growing financial sectors, WITH industry estimates putting annual growth at 15-20 percent

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Get Amazing Furniture Plans !

Are you a woodworker ? do you want to be an Awesome woodworker ?

how does saving money on furniture sounds to you ? 

If you are like me and enthusiast , you will appreciate what i am talking about here.

Wood working is an amazing craft, it takes skill , dedication and passion to create what is simply a piece of ART.

Woodworking traces back to early ages when man needed to create spears to hunt and survive, Well we came a long way since then ! we created weapons , furniture , and utilities Using this amazing Craft .

Why not become a wood worker yourself ? or improve your skill if you were one ? check out

Instant Access 16,000 Furniture Plans !

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Islamic Forward contracts (Bay Al Salam) Applications

The Concept of Bay al Salam is a part of the Islamic Finance "" it was permitted by the Prophet Mohammed (peace be upon him) in order to enable contracts with delivery cannot take place at once, but in the future in addition it can be also utilized as the Islamic version of Hedging.

In this Article we will discuss a simple example on how Hedging and bay al salam works.

in this example we have two farmers Mohammed and Abudullah.

We will assume three scenarios:

Codes will be (M) for Mohammed and (A) for Abdullah:

Mohammed decided to go with bay al salam to ensure that he gets a Hedge from Price fluctuation.
Abdullah decided not to Hedge. ( he is exposed to Price volatility )

(M)

Agreed upon price of Bay al salam is (110)
Scenario 1
price Rise 25%

price rise to $100 X1.25 = $125
actual profit 110 - 100 = $10
potential loss 125-110 = $15

Scenario 2
no price change = 0 gain on future

Scenario 3
Price decline by 25%
100 / 1.25 = $80 profit
110-80 = $30  profit

(A)

Scenario 1

price rise 125-100 =$ 25 as profit

Scenario 2
no price change = 0 gain on future

Scenario 3

Price decline by 25%

80 - 100 = $20  loss on future

end of example

In the example above we have demonstrated simple Future contract following the islamic Bay al Salam method , which does not permit selling the future or forward position to profit from the intangible asset.

For more info please contact me on IslamicFinancier@gmail.com and i will answer any of your concerns in the example above.

A. (Islamic Financier )

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Forward contracts and Bay Al Salam

Bay Al salam :

is the islamic version of future contracts, that been said ,both of them have their own properties that be similarities or differences.

Bay al salam

main difference between the Forward contracts and Bay al salam

full contract price is agreed upon and payed at purchase time

Similarities 

delivery in Both take place in the future.

Prohibition

Gold, silver and gems cannot be applied to those currencies backup with Gold.

the Selling should own the item that he intends to sell , and he might mortgage goods to the buyer to guarantee forfilling the contract.

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Burj Khalifa : pinnacle of civilization

Burj Khalifa 

pinnacle of civilization

Burj Khalifa ( formerly known as Burj Dubai ) has evolved from a vision that has translated into reality. H.H. Shiekh Mohammed bin Rashid Al Maktoum PM , V.P of UAE and ruler of Dubai, has set a definite vision for Dubai to be a world famous destination.

With the wise vision of His highness and the hardwork of his country men and women, The dream has evolved from its cradle stage to reality.

In 2009 The Burj has claimed

Today in 2011 , visitors from all over the globe flock to Dubai to have their life time experience in Burj Khalifa, which in turn offers spectacular views of Dubai in addition to a one of a kind experience in dining and staying.

The burj has claimed the Tallest of the Supertall title as well , it is the first skyscraper to do you.

Not only is Burj Khalifa the world’s tallest building, it has also broken two other impressive records: tallest structure, previously held by the KVLY-TV mast in Blanchard, North Dakota, and tallest free-standing structure, previously held by Toronto’s CN Tower. The Chicago-based Council on Tall Buildings and Urban Habitat (CTBUH) has established 3 criteria to determine what makes a tall building tall. Burj Khalifa wins by far in all three categories.

Height to architectural top

Height is measured from the level of the lowest, significant, open-air, pedestrian entrance to the architectural top of the building. This includes spires, but does not include antennae, signage, flagpoles or other functional-technical equipment. This measurement is the most widely used and is used to define the Council on Tall Buildings and Urban Habitat rankings of the Tallest Buildings in the World.
          
Highest occupied floor

Height is measured from the level of the lowest, significant, open-air, pedestrian entrance to the highest continually occupied floor within the building. Maintenance areas are not included.
        
Height to tip

Height is measured from the level of the lowest, significant, open-air, pedestrian entrance to the highest point of the building, irrespective of material or function of the highest element. This includes antennae, flagpoles, signage and other functional-technical equipment.

The burj has an observation deck on it's 124 floor and a spectacular fine dining restaurant on it's 122 floor.

Visiting burj khalifa is a life time experience don't miss it !

Some contents from emaar's Burj Khalifa website

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