The world takes a dip into the pot that they've boiled

"We can't solve problems by using the same kind of thinking we used when we created them."
Albert Einstein.

As the world deeps itself into a midst of hell fire, never did they realise that actually the cause of their absolute ambiguity in the predicament of the economic weather comes from thyself.

"Man is the vicegerent of Allah on Earth." (Quran, 2:30)

But do they?

According to Straits Times, the recent fall of the Lehmann Brothers, and other giant banks and henceforth unleashed a domino effect creating disastrous paths that shred Iceland's economy to bankruptcy, and sent ripples throughout Asia. The first country in Asia to hit the fall- Japan, suffered relentless crusade of enormous bank loans and smells of an economic recession.

But the purpose of me discussing the issue is what causes the downfall, but the root reason why it all happened.

A simple answer. Humans are too obsessed with material value and luxurious comfort.

One should notably accept that as the world marches towards a Profound Era, we have staked ourselves with our an-nafs; the idea of luxury and comfort has capitalized our mindset of how we view life as a whole. Detailed structures of thoughts, like ideal lifestyle, the capability to grasp constructive predictions with the aid of technologies and the use of human intelligence to achieve once known to be 'impossible' has made us forget that in perfection, lies the killer slice of a set of anomalies considered to be 'the negative codes of the human spirit.' We have yet to understand and accept, that like the rest that is created, we are imperfect. And even if we do strive towards perfection, we are still imperfect to contain such perfection. It is like a dirty leaking container being filled up with holy pure water. As such, in our own aspects of life, perfection begets imperfection. This is not applicable to God, for He is Omnipotent and Perfect, and His Perfection begets life. And thus, we must reflect on ourselves. Much to our dismay, social dogmatics of what we perceived to be 'luxurious comfort' such as owning a Plasma 30 inch TV, or purchasing a set of Nintendo WII despite having an XBOX 360 or a PS2, or even owning a branded Coach bag but feels it is not the one to be worn during a DnD and thus purchase a new, more expensive bag from Loius Vutton. Such atrocious acts provokes the evil of 'spending more than you desire.' Why encourage ourselves to spend more? I have came across a customer when I was working in DFS. As usual, I pushed sales, informing him that we are having a Mastercard promotion and if she were to use her Mastercard to spend $400, she can redeem $40 DFS voucher. Her response?

"I don't need the voucher. I have that amount of money already."

It is time for us to reflect on our ideas and our principles as we try to sail across a storm many economist predicts to be the worst depression in any age.

I may like to discuss a few aspects of the credit system practiced by the West.

The terms Debit and Credit have latin roots. Debit comes from debere, which means "to owe". The Latin debitum means "debt". Credit comes from the Latin word credere, which means "to believe" or "to entrust".

The first bank card, named "Charg-It," was introduced in 1946 by John Biggins, a banker in Brooklyn, according to MasterCard. When a customer used it for a purchase, the bill was forwarded to Biggins' bank. The bank reimbursed the merchant and obtained payment from the customer. The catches: Purchases could only be made locally, and Charg-It cardholders had to have an account at Biggins' bank. In 1951, the first bank credit card appeared in New York's Franklin National Bank for loan customers. It also could be used only by the bank's account holders.

It is mentioned in a Hadith, "He who grants a respite to one who is in straightened circumstances or who remits his debt, will be saved by God from the anxieties of the Day of Resurrection."
(Muslim).

As mentioned, Islamic Economy encourages respite- giving temporary relief to those who are in debt. Respite as a noun, is clearly defined as 'a (temporary) relief from harm or discomfort'.1 However, the loan system in the West instead introduces usury- a system of interests. According to a hadith by Muslim, "Gold is to be paid by gold, silver by silver, wheat by wheat, barley by barley, dates by dates and salt by salt, like for like, payment being made on the spot. If anyone gives more or asks for more, he has dealt in usury. The receiver and the giver are equally guilty." This shows the amount of instigation the West applies on the World Economy. Clearly, when a person is on debt, by Islamic Farai'd, one should not burden the other.

This concept of open transparency, much evident in many Islamic businesses, and also proven by how Rasulullah SAW trades and deals with Khadijah's trading company until he was given the name 'Al-Amin'; the Honest One, has proven to be a useful medium. Recent market difficulties, most notably the credit crunch, could act as yet another incentive for investors to flock to Islamic banking. The animating religious goal behind the restrictions is to achieve greater social justice by sharing risk and reward. Islamic finance bans people from selling what they don't own, which rules out short selling, and from engaging in contracts deemed to have excessive uncertainty on either side. That rules out traditional insurance, so Islamic banks have instead developed takaful, in which a group of people pool risk.

To be sure, from the Bible to Buddhism, most of the world's faiths have issued warnings against usury, and theologians through the ages have debated the line between permissible and excessive interest rates. But ultimately, in the West, governments and religious authorities deemed some amount of interest permissible.

However in Islam, most scholars deem fixed-interest payments forbidden. For example, the sukuk issuer does not sell a debt, as a traditional bond issuer would, but rather sells a portion of an asset, on which the buyer is then entitled to receive rent. Likewise, rather than take out an interest-bearing loan, a business in need of financing might enter a musharaka, a partnership with profit-and-loss sharing. And thus, instead of burdening the party, it encourages another business opportunity.

The world’s 100 largest wholly Islamic banks, according to Asian Banker Research, hold almost $350 billion in assets and reported an average yearly asset growth rate of 26.7 percent, outpacing the 19.3 percent growth recorded by the world’s largest 100 conventional banks in 2006.

The growth of Islamic Economy is attributed to a few factors.

1. Increase in Islamic awareness since the 911 event. Ibrahim Warde, author of Islamic Finance in the Global Economy and an adjunct professor of international business at Tufts University says, 'there was a feeling in many countries that Islam was a religion under siege.'
2. Malaysia's intelligent approach towards Islamic Banking. After the 911 events, the US administration froze several prominent Saudis, which triggered other wealthy Arabs to withdraw their funds from the United States. Incapable of investing their funds in their respective countries, they turn to Malaysia's sophisticated Islamic finance. Malaysia was the first country to introduce sukuk (islamic bond) This spurred competition and the emergence of Islamic Economy.
3. The whole idea is a fundamental approach to money. Islamic banks operate on the principle of sharing risk and reward among all parties in a business venture. Money cannot make more money. Money must be used productively. This fundamental theory does not work in tandem to the western ideologies of interest-making economy. The fall of Lehmann Brothers, and following a ripple of destruction that spreaded across the globe until Iceland was nearly state-bankrupt showed the crippling side of such structure. An alternative to the once powerful economic structure is refreshing and after all, the transparent way of dealing with shares- open concept of where the money is funded, and equal sharing of risk provides a more safer conservative approach.
4. Result-orientated people will expected better outcomes from investments in islamic banks. Supporting this statement is second finance minister Mohamed Nor Yakcop in the three-day summit in the Bahraini capital manama. He emphasized that none of Malaysia's Islamic banks have been hit by write-downs resulting from the crisis and the resulting global credit crunch. He said holders of sukuk or Islamic bonds have been shielded from the worst effects of the subprime mortgage meltdown. This might be partly due to the fact that Islamic Banking investors are not involved in the international economic conflict. But largely, the very basis of gaining money by means of sukuk instead of interest makes Syariah-abiding economic concept more interesting and stable.

In summary, the cause of the International Economic Depression is for us to put the blame on ourselves, and not subjecting ourselves to worldy-needs, but rather, investment in enhancing our growth in iman and iksan; the spiritual guidance by submitting ourselves to Islam and the latter, by helping the poor and in need across the globe, and also by enhancing understanding in the core definition of 'progression'- not by perceiving it as wealth and power, but progression as having a fundamental understanding as a human being moving forward to gain new knowledge, and sharing the world what he/she sees, and taking a paradigm shift in the responsibilities of wealth and power- can there be peace.

And to sum it all up, the growth of Islamic finance will spur more others to indulge themselves into a more prospectable operation, and thus my personal prediction would be, the welcoming prospects of an awakening strong Islamic Economy, with a birth of its own currency, perhaps, dinars, and the march towards the end of time, with Islamic Nations unified under a banner, socially, economically, and politically, and with that, the Golden Era of Islam led by the return of Jesus (Prophet Isa A.S) and muslim leader Imam Mahdi, and thus the sudden dip in humanity, and carrying with it, the ultimate destruction of Life, as God has decided.

May Allah save us all. Wslm.


Moving on to a softer note, I must apologise for my demise from the world. I understand I was away for more than a month or two. I have subjected my own thoughts to my own, and went to exile to learn more about myself and what I must do in life. And thus, I think I became a better person. Now to just brush up on my harsh uncivilised vocabularies as pointed out by a fierce woman who has made feelings with my big brother. Haha.

Yesterday was fun. Although the BBQ didn't turn out the way we wanted it to be, but we boys couldn't care less. Instead, we went back to Harold's crib and cooked burgers, and with my big brother, me Taha and Harold spent the rest of the days laughing and cursing each other as we battled out as a team playing my ps2 in soccer. It was a joyful experience, as I was untouched by the world ever since the 20th of Ramadhan. I can view it as a refreshing start to the many stupid antics of Hazlami.

And to top it all off, Harold and Kumar are back! Hahaha! Ok maybe Arafat (that's what Harold's mum call Taha) also, but still, the spotlight is on us haha! Wait for me buddy!

We shall conquer the world!! (but maybe SIM first la haha)

PS: This song spurs me on to be the best.

Orewa, Kaizoku Ouja!!!!!!!

Citations

[1] American Psychological Association (APA):

respite. (n.d.). WordNet® 3.0. Retrieved November 15, 2008, from Dictionary.com website: http://dictionary.reference.com/browse/respite

Salamat Belated Berayer Semua!

Goodness, how time flies! Little did I know it has been about 2 weeks since I last blogged! I was carried away with the deco of the house, the Japanese tests that I have, and also work! Sheesh! The absence of a good intellectual conversation eventually limited my brain capacity in which is evident by the fact that I cannot even see the conspiracy or perhaps, the Almighty's Masterplan set upon the world. This is, of course, in relation to the current dramatic economic breakdown that sent giant banks such as AIG and Lehmann Brothers down to the drain. (of course after 1 week of thought I finally realise there might be a conspiracy that can be linked all the way from the Sept 11 attack, or even earlier than that!!)

Hari Raya has been a quiet event for me this year, maybe because of having a shift job that killed my weekends spontaneously. Today is my SECOND raya outing with my parents since first day of raya. How pathetic is that!

Kinda missed the spiritual feeling of raya. It only lasted 2 days before back to the labs with Chinese dudes honkering loud characters at my face.

So to me Hari Raya this year can be compared to two years back, when I was in Taiwan celebrating raya there, but the feeling only lasted 2 days before Ex Warrior commenced. So I have no choice but to focus my energy for the grueling 8-9 days in outfield doing nothing but walking in the cold blistering night and fight an endless battle with non-existing enemies. Although I must say Uncle Fadly did made it special, with his cool new CANON camera! He takes pictures of me like a model say hehe. :p and I also got to take a picture with nenek!

Pardon my nyaee, she's very emotional when it comes to taking pictures, she'd say like, tak tau plak biler nyaee nak mati, nanti amie boleh tatap muka nyaee kalau rindu nyaee yer...

Hensem tak abang2 nie? Kalau hensem, bleh masok minang pasal skrg gue sudah masok 21 beb! I have a Nikah certificate already, so I have the knowledge too! Haha! The downside would be I have no money for the dowry, sorry, but I can offer you my koran buruk if u want hehe..

I had fun learning japanese! They have 3 languages sey, but well, since I NEED to learn it, NOT cuz of the girls but tts just a partially influential factor, but because of the prospects, I have to go thru it man. Damn its tough learning a new language. Its not like learning maths- tts so practical. Language however, needs alot of holistic approach to it. It carries the notion of culture, understanding, technical essence, and many more. Often did we realise tt when a Caucasian professor with a major in Malay studies sounds funny when they speak our language, much of it applies to me as well. And im more worried of how I'd sound like rather than actually learning how to converse. Darn.

Much of my time is spent on either housework with baby Arfan keep crying, or helping mum with the house, or work, or....

DFS SOCCER TOURNAMENT!!!!

Well, we won! DFS SCOTT TEAM WON!!

Guess who is the bugger who got the man of the match title, and a 80 bux worth of DFS cash voucher?

Me.

Hahaha! I dun even see myself playing that well, but out of the 3 matches that was played, I scored 3. Makes me the top scorer as well. But still, a yellow card from arguing with a Mat-player playing for DFS Airport cud be a minus point, however still, I got tt cash voucher and damn im H.A.P.P.Y!!

First match was with the old timers at DFS warehouse. Many of them were old gags. At first I was tasked to be the left winger in the 8-aside game, though I still prefer the nice comfortable right postion. First half was gruelling- old timers cannot be judge lightly. They may look old, but their spirit is young. They pressured the game, and took control most of it. But we scored first, thanks to Usop, my collegue, who played the playmaker. They scored back. However, 10 min to final whistle, i switch to the right, and played one-two passing with Usop, and as I ran thru the middle and back to the right, the defender got confused, and a nice chip from Usop gave me the chance for a volley pass the outstretched goallie. And 3 min till end game, I gave a fruitful long shot from the left, and the ball soared into the net. It was luck plus good timing- I saw the keeper not in position to catch a strong punch to the right corner post. So I just gave it a try. Haha!

2nd match was disastrous! I was unable to find my spot as I was shadowed by the likes of Airport Mat-players, few whom understaood the meaning of sportmanship. I subbed myself towards the end of first half, cursing myself for not able to find space. We conceded two goals, and lost.

the 3rd match however, was very spirited. This is because if we were to win this match against DFS Chai Chee, we are champions. So we started strong, and I was given the right wing to play with Usop and james.

A nice visioned pass from Usop gave me the space to run to the right and cross the ball in, only to found the ball at the back of the net thanks to James our striker. And at the end of first half, I scored another goal after a counter attack, and I easily ran pass this middle aged defender and shot my goal. Second half we played defensive, and I was subbed with a stronger bigger guy. Haha! And well, the referee blowed the whistle, and we won! Whee!

I played good, and felt that I could even be compared to Theo Walcott, since I was wearing the no 14 jersey. Hehe. Chey! Macam betol je. Lari sikit je mintak air, nak steb Walcott konon..


Ok enough with my crap. Lets discuss real matters.

Im not sure but im researching on the reasons that led to the downfall of the economy. Sub prima loans, and many other factors made giant banks facing big loans as well, and in the end, they face bankruptcy. The shares when down, and Allied US countries felt the pain instantaneous. Take a look at Germany. Large firms and banks closed down. Japanese insurance agencies (hope Mika isn't affected bohoo) too took the deep. Asian economy fluctuates, as it has influences with the US economy.

Now I have a question for you. Does it sound a bit too exaggerated?

Things began to unfold eversince the September 11 attacks. It has led to the Afghan war, which has led them to nowhere, and now that country is at war with militia and in ruins, and also the Iraq war, where they couldn't find the sensationalised 'WEAPONS OF MASS DESTRUCTION', and until now, the issue of how US takes his own decisions in 'helping' the world community raised alot of unanswered questions. And now the economy.

It all started when I read that the US government actually bought a large percentage of AIG, and injected billions to so-called 'save' the economy. So far, whenever US tries to be the hero, things went from bad to worse. And since when did US showed the capacity to be a hero?

When the US govt bought a large share of the capitalism-driven economy, that means they have absolute power in the economy. They do not need to rely on capitalists- they hold a large share, and thus, they have a larger role in the stakes. As such, they have control over the economy. I must put emphasize on the US govt having control of the economy now as compared to before, when US hold a large influence on the world economy due to its capitalism.

Now, as you all would know, nearly more than half of US advisory board is made up of Jews. The banks, since the age of time when banks are born, Jews are the one who created the interest-system, a small injection of money in the economy will roll back in triple fold; a fold comes from the money itself, but it'll take time, another fold comes from the interest, and another fold comes from the gains made by the investment made by the injection of capital.

To them, its a win-win situation.

But take a look at this. It was reported in the news that in this crisis, in fact, ISLAMIC banks are not affected at all. Why is this so?

This is because Islamic banks do not play interest, or riba'.

In fact, Islamic banking is at rise.

So I can view the whole scene into two simple scenario-

1)It is a US-led conspiracy in ruling the world, by taking over the economy, for now the US govt has mandate and rule over the economy after injecting billions of dollars to 'save' the economy. With a Jew-backed advisory committee, and infering to the Sept 11 attacks where statistic showed a sudden absence of Jews in the two towers on that fateful day only, I can only conclude theoritically and hypothetically that perhaps US govt has a hidden agenda with respect to all the things that has happened.

2) It is God's willed that nearing kiamah, Islam will take control of the economy, which will bring rise to the birth of a new Islamic revolution led by Imam Mahdi and the return of Prophet Isa A.S as promised by the book of Allah, the Holy Quran.

So now let us look at the economy and the world and see how it goes.

Salam Ai'd Fitri Minal A'idiwal fa'izin.

PS: I love this song! Truly Oasis! Live forever mate!!