Lowyat.NET: Latest topics by BTimes

Islamic Loan, Interest, Fractional Reserve Banking

BTimes — Fri, 01 Nov 2013 09:05:32 +0800

Islamic Loan (http://financial-dictionary.thefreedictionary.com/Islamic+Loan)

Any form of financing made according to Islamic law, which forbids the payment or receipt of interest. An Islamic loan may be an interest-free loan, but often it is a more complex transaction. For example, a bank could buy an asset for cash and then re-sell it to the "borrower" for a profit such that the profit is the same as the bank would have made had it extended a regular loan. Other types may involve the bank becoming a partner with the "borrower" so that both co-own the asset or business that the loan finances, and the borrower gradually buys the bank's share of ownership with a series of payments. Strictly speaking, most Islamic loans are partnerships or joint ventures, but they are called loans because they accomplish much the same thing as conventional loans. See also: Islamic finance, Murabaha, Mudharaba, Musharika.

Interest is the root of the banking system evils. Watch How Quantative Easing & Fractional Reserve Banking Work:
http://www.youtube.com/watch?v=W3hLKpKv3ME

1-phase to 3-phase power

BTimes — Sat, 27 Apr 2013 21:22:50 +0800

Hi! I would like to know if anyone has experience converting 1-phase to 3-phase power in the house. Thanks.

Plenitude @ Desa Tebrau

BTimes — Fri, 08 Feb 2013 15:33:38 +0800

Hi! I have just signed the SPA for a unit Type C at Plenitude, Desa Tebrau in Johor. Any views on the rental potential or property market in the next few years at this place? Thanks.

Hacking old tiles and installing marble tiles

BTimes — Sat, 26 Jan 2013 21:12:02 +0800

Any one knows how much does it cost to hack and install tiles? Area is about 400 square foot but there is a special requirement. Contractors can PM me. Thanks