Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

IMF and World Bank is under the Control of Global Central Bank..which is contolled by Vaticans.. Whereas Islamic Banking system is also expanding..

Do you think Now we hv World Economy based of division of Culture.. How do you justify this?

Tags: money, relationships, world
Asked by Sharmila Bose, 31 Oct '11 12:18 pm
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (7)

1.

Islamic Banking is just a way to attract customers of particular community.
For example,Standard Charted Bank has a package of Islamic banking 'Saadiq' (category of account) but SCB is not controlled by Islam community. Yes, they have their own Banks with different names where they work with 'Sharia law' policy. I think every community has right to represent its own culture.
Answered by $UBHA$H, 31 Oct '11 07:19 pm

 
  
Report abuse
Useful
 (2)
Not Useful
 (0)
Your vote on this answer has already been received
2.

Interest free banking and finance, the more than trillion $ industry has shown resilience in the global recession of 2008, attracting the attention of even the countries with Muslim minority like UK and US. India is among those nations which are still hesitant to take the guardians role for the interest free banking and finance. IFBF is facing regulatory challenges in India. Policy makers themselves have different opinions regarding interest free banking and finance. Apart from the fact that it is Holy Scripture based, Interest free banking has comparative advantage with conventional system of banking. It should be examined and analyzed on the basis of purely economic, ethical, and welfare grounds. Western researchers who headed to look deeper into the Interest free banking have appreciated it. Like any evolving industry Interest free banking and finance industry is also facing challenges and more fundamental and empirical researches are needed for smooth functioning and growth of the ...more
Answered by truth exposed, 31 Oct '11 02:50 pm

 
  
Report abuse
Useful
 (2)
Not Useful
 (0)
Your vote on this answer has already been received
3.

All nations are fed up with current banking system which is exploitative tool
this is echoed in wall street protest all over the world as universal unanimity of people against banks who are rich and getting richer but people are getting poorer due to instrument of interest
so it has to end and reform . banking system got to reform to humane system of banking where there is participation and expansion of business and risk sharing between investor and banks

how , only time will tell
Answered by johny baba, 31 Oct '11 12:48 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
4.

You belive a lot in conspiracy theories floated by muslims don't you ?
World bank depends on 187 member countries and the decisions depend on voting power in proportion to the equity holding by these countries the top voting powers as of now are the United States (15.85%), Japan (6.84%), China (4.42%), Germany (4.00%), the United Kingdom (3.75%), France (3.75%), and India (2.91%).
IMF is a similar monitory institution and so called Vatican based bank has no control.

Also the Islamic Banking is a based on religious dicates rather then on economy so survives till Arabs have petro-dollers to finance it
Source: studied Economics
Answered by Batao Na, 31 Oct '11 12:28 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
5.

I think it is Human Nature !!.......Be Believe in People like US !!!...........Ultimately we Trusut Ourselves not Others !!: ))
Answered by Raj, 31 Oct '11 12:23 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
6.

Is this factual or a conjecture..i always thought the historically the state and Church were always at loggerheads for retaining the power..ultimately i am under the impression that the states won..
Answered by Anurag Sharma, 31 Oct '11 12:20 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
7.

Why should I justify
Answered by Kalpana, 31 Oct '11 12:19 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining