Some highlights from Gordon Brown’s speech at Islamic Finance and Trade Conference, London;
“Already, Britain is the largest European trader with many Islamic countries - the largest European investor in Oman, the largest non-Arab investor in Egypt, and second largest global investor in Pakistan and Saudi Arabia;Second, the foundation for making Britain the gateway to Islamic trade, is to make Britain the global centre for Islamic finance.
Today British banks are pioneering Islamic banking - London now has more banks supplying services under Islamic principles than any other Western financial centre.
And I want to thank also the Muslim Council of Britain and the many of you here who have worked with the Government through our tax and regulatory reform to support the development of Shari’a compliant finance:
- first, three years ago, for mortgages, enabling the expansion of the Islamic mortgage market to over half a billion pounds - growing by almost 50 per cent in the last year alone;
- then last year, for savings and borrowing and providing proper consumer protection for Ijara products;
- this year, for business finance, with last week Parliament approving measures in the Finance Bill for diminishing musharaka and wakala;
- and now, working with us, to look at international finance, Islamic securitisation and sukuk - and I am pleased that London was the financial centre chosen recently to advise on one of the largest sukuk deals ever done.All of us are facing up to the challenges of globalisation, to the rise of Asia – one million manufacturing jobs lost from America, Europe and Japan, one quarter of a million jobs offshored, oil prices rising not least because Asia now takes up 30 per cent of demand.
To secure a world trade deal, heads of government should stand ready to use all the resources of leadership and statesmanship. The prize is a 50 per cent increase in world trade - and specifically the World Bank estimates a deal could bring $14 billion increased prosperity to the Middle East and North Africa and a further $2 billion to Indonesia alone.
I am aware of the importance Islam places on education, through the hadith such as: "Seek knowledge from the cradle to the grave" and "Verily the men of knowledge are the inheritors of the prophets."
I was shocked to learn that while Muslims constitute 22 per cent of the world's population, almost 40 per cent of the world's out-of-school children are Muslims. In Pakistan alone there are nearly 8 million children not in school, in Bangladesh nearly 4 million, and over one million in Mali, a total of more than 40 million Muslim children who do not go to school
So I know you will agree with me that it is one of the world's greatest scandals that in total 110 million children do not go to school.And led by Hilary Benn, our Secretary of State for International Development, we will enter into 10 year agreements with countries to finance their 10 year plans, in total committing at least $15 billion over the next ten years - four times as much as the $3.5 billion of the previous ten years. In Singapore in September, I will press other G8 Finance Ministers to commit to their share..."
Related Links;
The Design of Instruments for Government Finance in an Islamic Economy
Islamic finance in the United States: A small but growing industry
Regulation and Supervision of Islamic Banking in the United States
Heard of Islamic micro-banking?
More links on the topic.
see also this NYT article;
For Muslims, Loans for the Conscience;..A May letter from the Federal Reserve's Chicago office called Islamic home loans a tiny corner of the $1 trillion mortgage industry, but could not say how tiny. The Fed identified three types of Islamic loans.
In a Murabaha loan, the bank buys the house and gradually sells it to the home buyer, with an additional profit rate tacked on. In an Ijara loan, one of the most common, the bank buys the house and leases it to the buyer, who pays off the home, plus market-based rent for living there.
The third form, called Musharaka, creates a shared-equity partnership between bank and buyer to purchase the house and gradually transfer shares of its ownership.
For many buyers, Islamic loans are like second love after a bad first marriage. Some use the loans to refinance a conventional mortgage and jettison the old interest-bearing loans.
http://www.nytimes.com/2005/08/07/realestate/07nati.html?ei=5070&en=81bcd3c47619e9e1&ex=1151035200&pagewanted=print
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Nokia 6070......$240
Nokia 6080......$240
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Nokia 7380......$250
Nokia 7390......$250
Nokia 8800.....$250
Nokia 8800 ...$350 Sirocco Edition
Nokia 9300i....$300
Nokia E50......$270
Nokia E60.....,$270
Nokia E61.....,$270
Nokia E62.....,$270
Nokia E90 .....$300 Communicator
Nokia E70......$270
Nokia N70......$220
Nokia N71......$220
Nokia N72......$220
Nokia N73......$220
Nokia N76......$350
Nokia N80......$250
Nokia N90......$250
Nokia N91......$240
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Nokia N93......$260
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Sony PSP "Value Bundle" (21 Games + PSP Car Kit) : $300
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Sony PSP Limited Edition Bundle + 4GB Memory Card : $275
Sony PSP Giga Value Pack + 1GB Memory Card : $230
Sony PSP 4GB Core Bundle + 1 Hot Game with 4GB Hard Drive : $250
Refurbished' Sony PlayStation Portable (PSP) = $100
Sony PS2 Friendly Bundle 7 Games and more : $200
Apple 80gb video ipod.......................$200
Apple 60GB video iPod ......................$170 USD
Apple 30 GB iPod Vidoe....................110 USD
Apple 4 GB iPod Mini Blue M9436LL/A......................$150usd
Apple 20 GB iPod U2 Special Edition......................$110usd
Apple 6 GB iPod Mini Green M9807LL/A.....................$140usd
Apple Ipod Nano 2GB......................................$140usd
Apple Ipod Nano 4GB......................................$140usd
Apple Ipod video 30GB....................................$120usd
Apple Ipod video 60GB....................................$120usd
XBOX PRICE LIST
Microsoft Xbox 360 Platinum System cost..................$250usd
Microsoft Xbox 360 Core System...........................$240usd
Microsoft Xbox 360 System Bundle.........................$210usd
Xbox 360 Customer Choice Bundle with Hard Drive..........$200usd
Xbox 360 Live Bundle.....................................$270usd
Xbox 360 Core Bundle.....................................$250usd
Xbox 360 Core System Bundle..............................$230usd
Nintendo Wii....................$150
PLAYSTATION 3..............$180
PLAYSTATION 2..............$150
PLAYSTATION 1..............$130
GPS NAVIGATION SYSTEM
TOM TOM GO 300 ............$140
TOM TOM GO 500.............$160
TOM TOM GO 700 ............$170
TOM TOM GO 910.............$190
T-Mobile Sidekick II (T-Mobile........$109
T-mobile Sidekick III (T-Mobile ).....$200
SIDEKICK II MISTER CARTOON............$160
JUICY COUTURE SIDEKICK II.............$160
LRG Sidekick III......................$210
E-mail nokiaphones2007@hotmail.com
Company Name:NOKIA PHONES LIMITED
Registered Number:0488745
E-mail:nokiaphoneslimited1@yahoo.com
Phone Number :+44-7045703962
.
NOKIA PHONES LMITED is a Telecommunication equipment company dedicated to the service of the public in dispensing and selling quality goods and services to the entire public at large. We have all kind of Mobile Phones For Sale. They include Nokia,Sony Ericsson, Samsung, Motorola, Nextel, Qtek, BenQ, Os and other kind
of Mobile Phones we also sell computer(both laptop and PDA) and electronics like DvD, Television and others. Our Mobile Phones are:-
FIND BELOW LIST OF OUR MOBILE PHONES WE STOCK:
Nokia Phones
Nokia 6070......$240
Nokia 6080......$240
Nokia 6085......$240
Nokia 6101.......$240
Nokia 7373......$250
Nokia 7380......$250
Nokia 7390......$250
Nokia 8800.....$250
Nokia 8800 ...$350 Sirocco Edition
Nokia 9300i....$300
Nokia E50......$270
Nokia E60.....,$270
Nokia E61.....,$270
Nokia E62.....,$270
Nokia E90 .....$300 Communicator
Nokia E70......$270
Nokia N70......$220
Nokia N71......$220
Nokia N72......$220
Nokia N73......$220
Nokia N76......$350
Nokia N80......$250
Nokia N90......$250
Nokia N91......$240
Nokia N92......$240
Nokia N93i.....$350
Nokia N93......$260
Nokia N95......$260
Nokia N97......$300
Nokia Vertu....$450
GAME CONSOLES..........
Sony PSP "Value Bundle" (21 Games + PSP Car Kit) : $300
Sony PSP Value Pack : $150
Sony PSP Limited Edition Bundle + 4GB Memory Card : $275
Sony PSP Giga Value Pack + 1GB Memory Card : $230
Sony PSP 4GB Core Bundle + 1 Hot Game with 4GB Hard Drive : $250
Refurbished' Sony PlayStation Portable (PSP) = $100
Sony PS2 Friendly Bundle 7 Games and more : $200
Apple 80gb video ipod.......................$200
Apple 60GB video iPod ......................$170 USD
Apple 30 GB iPod Vidoe....................110 USD
Apple 4 GB iPod Mini Blue M9436LL/A......................$150usd
Apple 20 GB iPod U2 Special Edition......................$110usd
Apple 6 GB iPod Mini Green M9807LL/A.....................$140usd
Apple Ipod Nano 2GB......................................$140usd
Apple Ipod Nano 4GB......................................$140usd
Apple Ipod video 30GB....................................$120usd
Apple Ipod video 60GB....................................$120usd
XBOX PRICE LIST
Microsoft Xbox 360 Platinum System cost..................$250usd
Microsoft Xbox 360 Core System...........................$240usd
Microsoft Xbox 360 System Bundle.........................$210usd
Xbox 360 Customer Choice Bundle with Hard Drive..........$200usd
Xbox 360 Live Bundle.....................................$270usd
Xbox 360 Core Bundle.....................................$250usd
Xbox 360 Core System Bundle..............................$230usd
Nintendo Wii....................$150
PLAYSTATION 3..............$180
PLAYSTATION 2..............$150
PLAYSTATION 1..............$130
GPS NAVIGATION SYSTEM
TOM TOM GO 300 ............$140
TOM TOM GO 500.............$160
TOM TOM GO 700 ............$170
TOM TOM GO 910.............$190
T-Mobile Sidekick II (T-Mobile........$109
T-mobile Sidekick III (T-Mobile ).....$200
SIDEKICK II MISTER CARTOON............$160
JUICY COUTURE SIDEKICK II.............$160
LRG Sidekick III......................$210
E-mail nokiaphoneslimited1@yahoo.com