Rf banking riba free islamic banking towards a real riba free life style
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RF BANKING ( Riba-Free Islamic Banking ) Towards A Real Riba-Free Life Style PowerPoint PPT Presentation


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RF BANKING ( Riba-Free Islamic Banking ) Towards A Real Riba-Free Life Style. Opportunities for Tomorrow: Laws of The Land in the West and The Shari’aa Dr. Yahia Abdul-Rahman Founder of The LARIBA System - Since 1987 GIFF – The Royal Award for Islamic Finance

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RF BANKING ( Riba-Free Islamic Banking ) Towards A Real Riba-Free Life Style

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Rf banking riba free islamic banking towards a real riba free life style

RF BANKING(Riba-Free Islamic Banking)Towards A Real Riba-Free Life Style

Opportunities for Tomorrow:

Laws of The Land in the West and The Shari’aa

Dr. Yahia Abdul-Rahman

Founder of The LARIBA System - Since 1987

GIFF – The Royal Award for Islamic Finance

Kuala Lumpur, Malaysia – October 27, 2010


Ribbit riba free banking in the usa the laws of the land and the shari aa

Ribbit/Riba – Free Banking in the USAThe Laws of the Land and The Shari’aa

The RF Industry: ACHIEVEMENTS

Global Brand Name

Qualified Human Resources

Academic Research and Education

Products and Services

Infrastructure

Abundant CAPITAL


Back to the future riba ribbit free banking for all living the real riba free life style

Back To The Future! RIBA/RIBBIT-FREE BANKINGFOR ALLLiving The Real Riba-Free Life Style

FORM versus SUBSTANCE

  • RF Banking (Riba/Ribbit-Free “Islamic”):

    How a Wonderful Judeo-Christian-Islamic Law &

    Life Style were Reduced to A Set of Documents and

    Paper Transactions to Make It Look “ Compliant.”

  • The RF Movement Needs to Get Back on Track

    RF Banking (Riba/Ribbit-Free Banking)


The rf industry in the 20 th century the approach and mechanics

The RF Industry in the 20th CenturyThe Approach and Mechanics

CHANGE The Local Laws and Contracts:

Take Existing Products and Services and CHANGE Contracts to Make them Look Islamic…Financial Engineering.

Lost In The Translation!

“LIEN” was Mistranslated as “RAHN” (Pawn) and Not as “Implied Co-Ownership” of the Usufruct and Title!


Rf banking riba free islamic banking towards a real riba free life style

License

Land Mortgages

Project Manager Appointment

Istisna’a

Ijāra

Purchase Understanding

Sale Agency Agreement

Sale Understanding

Collateral Security

Sukuk Certificates

Bridge Financier

Financial Sukuk

Investment Manager

SukukHolders

SukukHolders

SukukHolders

Holding Company

Bridge Financing Facility

Investment Management Agreement

Project Company

Issuer

Equity

Project Manager

Construction Contracts

Trust-Agency Agreement

Sale Agreements Leases

Retail Purchasers Lessees

Retail Purchasers Lessees

Retail Purchasers Lessees

Contractors


Rf banking riba free islamic banking towards a real riba free life style

The RF Industry: CHALLENGES

How To Present A True Economic Tangible ADDED VALUE That Can Be Demonstrated

How To Do Away with:

Complicated Structures That Lead to Disputes and Lengthy Trials.

Sophisticated Ruses, Circumventions and Financial Engineering That Create Disputes and Government Suspicions

Riba /Ribbit – Free Banking in the USAThe Laws of the Land and The Shari’aa


Riba ribbit free banking in the usa the laws of the land and the shari aa

Riba/Ribbit – Free Banking in the USAThe Laws of the Land and The Shari’aa

WHAT TO DO?

WE MUST AGREE ON DEFINITION OF RIBA…It Is The Act Of Renting Money!

WE MUST CHANGE OUR APPROACH

WE MUST STRENGTHEN THE FOUNDATION OF THE “RF Finance’ STRUCTURE


Riba ribbit free banking in the usa the laws of the land and the shari aa1

Riba/Ribbit – Free Banking in the USAThe Laws of the Land and The Shari’aa

WHAT TO DO?

WE MUST AGREE ON DEFINITION OF RIBA…It Is The Act Of Renting Money!

WE MUST CHANGE OUR APPROACH

WE MUST STRENGTHEN THE FOUNDATION OF THE “RF Finance’ STRUCTURE


The rf industry in the 21 st century a tested superior new approach

The RF Industry in the 21st CenturyA Tested Superior New Approach

Respect the Body of Human Experience in Finance…It is Judeo-Christian-Islamic Finance for PEOPLE of ALL FAITHS!

Start with What is Available, Understand It and Add to It: The LIEN (Imtiaz in Arabic) vs. the PAWN (Rahn in Arabic.)

Demonstrate the Added Value of Using RF:

Marking to Market

Commodity Indexation

Use Existing Simple Contracts with Additions


The rf industry in the 21 st century a tested superior new approach1

The RF Industry in the 21st CenturyA Tested Superior New Approach

Respect the Body of Human Experience in Finance…It is Judeo-Christian-Islamic Finance for PEOPLE of ALL FAITHS!

Start with What is Available, Understand It and Add to It: The LIEN (Imtiaz in Arabic) vs. the PAWN (Rahn in Arabic.)

Demonstrate the Added Value of Using RF:

Marking to Market

Commodity Indexation

Use Existing Simple Contracts with Additions


Rf banking riba free islamic banking towards a real riba free life style

THE FINANCIAL MELTDOWN OF 2008

Applying RF Rules - Home Prices in Ounces of Gold

Source: LARIBA Research Center


Commodity indexation rule price of gold in terms of oil an average of 14 barrels oz gold

COMMODITY INDEXATION RULEPrice of Gold in Terms of OilAn Average of 14 Barrels/Oz Gold


Commodity indexation rule price of wheat in gold

COMMODITY INDEXATION RULEPrice of Wheat in Gold


The rf industry in the 21 st century a tested superior new approach2

The RF Industry in the 21st CenturyA Tested Superior New Approach

Dispute Settlement:

The System of Arbitration has Resolved Many Business Disputes in the US Using the Principles of the Faith (Jews, Christians and Muslims.)

Bank Regulators and Auditors:

A Great Human Achievement for Cleansing the System Errors and Improving it.

We Simply Need to Add A Jurisprudence (Shari’aa) Examination to the Regulators’ Safety and Soundness Annual Examination.


We invite you to live without riba

LARIBA – RF BankingWE DO NOT RENT MONEY ; WE INVEST IN YOU

We Answer To A Higher Authority - GOD!

WE INVITE YOU TO LIVE WITHOUT RIBA!!

Dr. Yahia Abdul-Rahman

[email protected]

626 - 818 - 0855Or626 – 449 – 4401 X- O

THANK YOU -QUESTIONS PLEASE!www.LARIBA.com


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