Currently I’m preparing myself for professional paper on Futures and Options i.e. module 7 of SIDC and I’ve came across this news:
Bursa Malaysia To Launch US Dollar Palm Oil Contracts In Q1 2008
GUANGZHOU, Nov 21 (Bernama) — Bursa Malaysia Bhd, the global benchmark for palm oil pricing, will launch US-dollar-denominated crude palm oil (CPO) […]
There is one simple answer. They can get an easy money! Banking business is one of the most profitable business in the world because banks can easily ’steal’ your money regularly without you really notice about it. Your money, debt means their profits.
1. Credit Interest
Banks will charge you 1.5% monthly on the unpaid balance which […]
It is interesting that in Islam, charity is given 10x rewards and benevolent loan - qardhul hassan is given 18x rewards. The reason is simple, the loanee will not ask for a loan except he is in monetary trouble.
So, when Muhammad Yunus of Grameen Bank stated that credit is a human right, it do make […]
Poverty is not caused by the poor people. Poverty is caused by the system we built - Per Muhammad Yunus, Founder of Grameen Bank.
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