Mr. Madoff
and , an alternative.......to Madoff
I am not a banker and I am not a Muslim.
But I do trust Islam far more than all the banks.
Lately, the financial-world went
up-side-down
and banks are now worth only their real-estate-values , almost.
Billions and Billions are
pumped into a
cadaver
called the stock-market or the world-of-finance.
Industries are not spared
neither,
Jobs are lost and the future is dark.
One sleepless night,
I watched a TV documentary about
the "ethics of finances" and "banking-ethics"
which are applied in the Western-world.
One phrase by the commentator struck me, when he said :
" ....such an occasional high
moral
standards in the West ,
is only normal and constant among the
Islamic-banks......" unquote
Then I started cruising in my mind and in my memory,
looking for any recent or even old financial-scandals
among any Islamic-bank.
And I could not find any example , not remote nor recent.
There must be some magic formula
that Islamic-banks do apply
constantly
that keeps them solid and irreprochable.
I do not know it
precisely because
because , I am neither a Muslim nor a Banker.
Also , only yesterday ,
I was trying to explain to my children
how come Halal-food is healthier than my normal-christian-cooking.
But I could not convince them why and they decided to refer
rather to a Medical
person ,
instead of me.
What I fear now ,
is that my children will ask me , very soon,
to explain how come Muslim Banks are more solid than others
and also why the Christian-financial-world is run by "non-Christiansm"
and never by the Muslims !! ( or by the Shariaa-laws )
I
honestly do
not know the correct answers,
therefore it is time ,maybe for me , that I become a banker,
or even better , I become a Muslim !!
Raja Chemayel
05.03.09
