RENUNG-RENUNGKAN......
 

PIKIR-PIKIR SEJENAK...
..apalah yg istimewa sgt dgn si gangnam ni?...perasan tak apa yg ada pd si dia ni...?
..dia ni telah buat sesuatu yg berbeza drp apa yg ada dipasaran atau industri entertainment ..betul tak? gangnam bukan ketengahkan sesuatu yg qualiti dlm industri entertainment..cuma dan hanya berbeza drp apa yg ada skrg...lain drp yg lain...jd sbb itulah dia menjadi kegilaan yg kehausan sesuatu kelainan dan perbezaan..
...the moral of the story is...jika kita ingin berjaya dlm industri kita..., maka kita kena berbeza dri yg lain...yeah!! saya dah dpt idea itu..BERBEZA...! BERBEZA!! ..."BE DIFFERENT FROM OTHERS"...i like

INDAHNYA ISLAM..
pelakon bollywood AMIR KHAN  telah mengerjakan haji di mekah pd tahun ini bersama ibunya..walaupun sibuk dengan penggambaran filem dhoom 3 ,namun sempat juga pelakon ini mencuri masa mengerjakan perkara ke 5 rukun islam..alhamdulillah tahniah utk amir khan ...yg disebelah dia ialah pemain kriket dari pakistan..doakan utk giliran saya pula ye...

        PUBLIC ISLAMIC DIVIDEND FUND : Total Returns from 25-Oct-11 To 24-Oct-12=22.83%
                                        
LIHAT INI...
ini ialah dana PUBLIC ISLAMIC DIVIDEN FUND....salah satu dana kegemaran saya...suka sgt saya perkenalkan kepada client-client apabila dijemput memberikan penerangan...
 ....bila bercakap tentang pelaburan unit trust...selalu soalan yg ditanya kepada saya ialah...'apakah atau berapa peratuskah yg  awak boleh jamin saya boleh dpt dlm masa setahun"?...jawapan saya..tiada jaminan apa-apa..tapi pelaburan yg tiada jaminan inilah yg memberikan pulangan melebihi kadar inflasi tahunan...lihat tu setahun pulangannya 22.83%...baguskan? sbb kadar inflasi malaysia lebih kurang 5%-6%...maknanya jika anda melabur didalam unit trust..ianya menjadi pilihan yg tepat sebab pulangan yg diberikan sangat kompetitif...dan tidak negatif...jika mahukan penerangan lebih lanjut tentang pelaburan unit trust ini utk personal dan company anda ..bagaimana unit trust/unit amanah boleh mengembangkan kewangan yg ada maka sms/call saya 0197450580

AL-KISAH...

anjing jenis german shepherd ini yg diberikan nama dia "capitan" tidur diatas kubur tuannya yg telah meninggal dunia sejak 6tahun yg lalu,setiap malam bermula dari jam 6ptg....kesian kan?..setianya pd tuan dia...

SAHAM UNIT AMANAH(UNIT TRUST)

Bagaimana anda mengira keuntungan?

Dana unit amanah akan membuat wang dari dua aspek:
1.by dividen pendapatan (daripada stok) atau kepentingan (daripada tunai / bon) dan
Jualan pelaburan (distribution)
2.by (stok) yang telah meningkat dalam harga dan kematangan bon.(capital gain)



Pengagihan dana atau pembayaran keuntungan kepada anda dan pelabur lain mengikut dasar pengagihan dana diisytiharkan. Dasar Sesetengah dana untuk membayar pendapatan tahunan, beberapa akan membayar setengah tahun. Beberapa dana menentukan bahawa ia tidak berniat untuk membayar keuntungan tetapi biarlah keuntungan terkumpul dalam NAV.



Pembayaran dilakukan, biasanya dijalankan dalam dua cara:
Cara 1.by pengagihan pendapatan. Apabila pengagihan pendapatan dibuat, anda akan menerima wang daripada dana. Walau bagaimanapun, anda boleh memilih untuk wang ini diedarkan kepada dilaburkan semula bagi unit-unit yang lebih. Berikutan pengagihan pendapatan, NAB dana berkurangan.
Cara 2.by unit berpecah. Jumlah pelabur unit dalam kenaikan dana tetapi jumlah NAB tetap sama.



Sebagai pelabur unit amanah, anda telah membuat keuntungan JIKA PENEBUSAN iaitu nilai nombor anda jumlah unit NAV X adalah lebih tinggi daripada jumlah Pelaburan Permulaan anda.
untuk penerangan lanjut dan nasihat percuma talipon/sms 0197450580 saya sedia membantu anda dengan sebarang pertanyaan..
Jika soalan anda begini...anda saya boleh menjadi jutawan dengan melabur di dalam unit amanah ini?  jawapannya YA!!!!
Jadi kalau nak tau..call/sms 0197450580

Undo edits

Harga emas sentiasa meningkat dalam jangka masa panjang.....ingat tu...jadi..belilah emas...kumpul..insyallah tidak rugi mempunyai emas ...

motivation - anthony robbin

MAKLUMAT MENGENAI URUS NIAGA UNIT AMANAH

Urus Niaga Unit 


Unit boleh dibeli atau dijual setiap hari pada sebarang hari urus niaga.*
Syarikat Unit Amanah yang akan bertanggungjawab membeli dan menjual unit kepada pemegang unit pada hari Urus Niaga. Ini memastikan bahawa pasaran  untuk unit sentiasa wujud.

Terdapat Satu harga untuk belian dan jualan unit dana iaitu pada NAB seunit dana masing-masing . Apabila pelabur membeli unit dana , caj perkhidmatan sehingga 5.5% daripada NAB seunit akan dikenakan untuk dana ekuiti dan seimbang, manakala caj perkhidmatan sehingga 0.24% daripada NAB seunit dikenakan ke atas  dana bon dan pasaran wang .

Bagi pelabur yang melabur di bawah  Skim Pelaburan Ahli KWSP, cap perkhidmatan sehingga 3% daripada NAB seunit akan dikenakan untuk dana ekuiti dan seimbang (seperti yang dikawal oleh KWSP).

Pengurus boleh boleh, mengikut budi bicaranya, mengenakan caj perkhidmatan yang lebih rendah berdasarkan saiz pelaburan dan/atau kriteris lain yang akan ditentukan dari semasa ke semasa .  Pengurus tidak mengenakan caj belian balik ke atas jualan unit dana oleh pelabur. (Sila rujuk halaman 139 dan 140 untuk gambaran belian dan penebusan unit oleh pelabur ).

Harga unit dana diterbitkan setiap hari di bawah Bahagian Amanah Saham di dalam surat khabar utama.**

NOTA : Pengurus boleh mengistiharkan Hari Urus Niaga tertentu sebagai bukan Hari Urus Niaga, walaupun Bursa Securities dibuka untuk perniagaan, jika pasaran asing di mana dana membuat pelaburan ditutup. Ini adalah untuk memastikan bahawa pelabur akan mendapat penilaian berpatutan dana pada setiap masa, sama ada semasa membeli atau menjual unit dana. Notis akan diberikan di dalam setiap website syarikat unit amanah. 




Pelaburan Permulaan minimum  -  RM1000.00

Pelaburan tambahan                   -  RM100.00

Salam

Hari ni tak berkarya langsung. Tak tau kenapa terasa letih sangat. Mungkin tak cukup tidur semalam. Takpe sekejap lagi sambung berkarya. Ada banyak ilham dalam kotak fikiran ini yang hendak ditulis. Tunggu ye production-production house...akan saya hantar...tapi jangan push, penulis - penulis ni bukan boleh kalau di push...naik minyak nanti takde mood ....emmm...atau saya sahaja yang begitu..anyway...doakan saya boleh menambahkan  ilham dengan bernas dan boleh memotivasikan ramai golongan...Saya berharap dan berdoa  agar apa yang saya tulis boleh memberikan ilham kepada ramai orang  agar sejajar dengan peningkatan kehidupan masing-masing ..insyallah..amin...saya berhenti dulu di sini .. untuk sembahyang maghrib..dadaaddaaa...kita sambung kemudian ...

Good nite...no..no good morning ..jam sekarang dah 3.10pagi

Now dah settle menulis proposal skrip yang akan dihantar kepada Nur Effendy production untuk tv al hijrah. Dah sampai jam 3pagi..semua dalam rumah dah tidur..tinggal saya keseorangan bersama laptop tercinta..
Harap-harap sangat proposal skrip ini diterima stesen tv al hijrah...Tapi saya kena ingat kata- kata bapak sasterawan negara A.Samad Said , nak jadi penulis yang berjaya ,  kena rajin dan jangan mudah berputus asa..
Insyallah , kata Pak A. Samad Said itu saya akan semat di dalam hati supaya menjadi motivasi saya untuk terus berkarya disamping menjadi seorang perancang kewangan Syariah yang berjaya..
Menulis ? tidak boleh tinggal...dah jadi darah daging..
Sesekali singgah di facebook saya ye..fauziah mahfodz..add saya..insyallah kita can be a friend..
Good nite!!

saja-saja

Salam membebel,

Dek kerana tak kuasa nak mendengar ada artis yang berkata tidak mahu memperkenalkan atau mengistiharkan siapa suaminya yang juga VVIP, saya merasa meluat pula. Lagi- lagi  bila artis itu cakap sebab berbuat demikian, ialah demi menjaga hati orang lain. Maksudnya tu, konon, demi menjaga hati isteri pertama la.

His ! tak kuasa nak dengar ayat ‘demi menjaga hati’..susunan  ayat memang cun. Nampak yang berkata dan mengeluarkan ayat itu  seorang yang sangat  baik, kan…tapi cuba kita fikir semula…betul ke awak tu ikhlas..

Kalaulah betul –betul si artis yang berkata itu ikhlas , dia tidak akan sanggup mengahwini suami orang pun..ringkas…kita cuba bayangkan hati isteri pertama yang terluka itu..tentu kesian ..kan..

PEMBANGUNAN USAHAWAN

PEMBANGUNAN USAHAWAN

Perunding Kewangan Islam adalah merupakan salah satu inisiatif di bawah 12 sektor di bawah NKEA atau Bidang Ekonomi Utama Negara seperti diumumkan oleh YAB Perdana Menteri Malaysia. 12 NKEA tersebut adalah:

1)                  Pertanian

2)                  Perkhidmatan Perniagaan

3)                  Kandungan Komunikasi dan Infrastruktur

4)                  Pendidikan

5)                  Elektrik dan Elektronik

6)                  Perkhidmatan Kewangan

7)                  Kuala Lumpur/ Lembah Klang

8)                  Perniagaan Kesihatan

9)                  Minyak, Gas dan Tenaga

10)               Minyak Sawit

11)              Pelancongan

12)              Pemborongan dan Peruncitan

Sektor Kewangan merupakan tunggak sesebuah ekonomi negara. Ia merupakan pemangkin, penyuntik modal dan pemudahcara pertumbuhan industri industri serta para pengguna. Terdapat 8 sub sektor di bawah Perkhidmatan Kewangan iaitu:

1)                  Perbankan runcit

2)                  Pasaran Modal Teroka

3)                  Perbankan untuk bisnes

4)                  Perbankan Islam

5)                  Pasaran Modal

6)                  Insurans dan Takaful

7)                  Pengurusan dana dan pengurusan kewangan

8)                  Skim kewangan Mikro

Pengurusan kewangan adalah satu keperluan setiap individu. Bidang ini menjanjikan peluang membina kerjaya sebagai seorang usahawan yang cerah masa depan.

Jika anda berminat  , sila hubungi saya fauziah 0197450580 untuk mendapatkan keterangan lanjut mengenai bidang kewangan ini.

How To Budget Using the Envelope System- By Erin Huffstetler, About.com Guide

1. Create a budget.
   In order for the envelope system to work, you need to know how much money you have coming in and how much money you have going out. Start by creating a budget that reflects your current financial situation.
2. Divide your spending into categories.
   Look over your budget, and divide it into areas of spending: food, gas, clothing, entertainment, etc. Then create an envelope for each category. No need to be fancy; a plain, white envelope with the category written on the front will do.
3. Fill your envelopes
   Fill each envelope with the money that you've allotted to that particular category.
4. Spend until the money is gone.
   Pay for your purchases out of the appropriate envelopes – using the food envelope for food purchases and the clothing envelope for clothing purchases – but only until the money is gone. At that point, all spending in the drained category must cease until the next month.
5. Put any leftover money into savings.
   If you have any money left in your envelopes at the end of the month, add it to your savings or use it to pay down a debt.
6. Refill again the next month.
   Refill the envelopes, and start again. Each month is a new shot at making your budget work.

Tips:

1. Tweak your category allocations over the first few months until you arrive at numbers that work for you.
2. If you're not used to paying for your purchases with cash, it may take a few months to adjust to the envelope system. Don't beat yourself up if you run out of money before the month is over. Just try harder to stay on budget the next month.
3. If a monthly envelope system doesn't work for you, try a weekly or bi-weekly envelope system. The goal is to create a system that works for you.
4. Does the idea of carrying cash make you nervous? No problem. You can use your debit card and still use the envelope system. Just subtract each purchase on the back of the appropriate envelope, and stop spending when you get to zero.

What You Need:

• Envelopes
• Pen or pencil
• A copy of your budget

Prohibitions of Riba and Gharar

Prohibitions of Riba and Gharar

 
It is commonplace in Islamic discourse to stress the positive injunctions to do good and forbid evil before discussing prohibitions and other negative injunctions. However, in the interest of saving the reader's time, we go directly to the need for having an "Islamic finance". In this regard, financial tools, like all other tools of social and economic interaction, can be used for good or for evil. Using the tools of finance for good rather than evil is of course of primary concern in the "Islamic" vs. "un-Islamic" distinction. However, those aspects of the distinction important as they are lie beyond the scope of this basic guide.
Our primary concern, instead, is the Muslim individual, group, or business, with a legitimate and good financial objective (e.g. purchase a. home to house his family, purchase real estate to establish a Masjid or school, invest available funds in productive and permitted ways, etc.). As we shall see,, many of the conventional financial tools currently available in North America (and most of the rest of the world) are legally prohibited in Islam. In this chapter, we shall review the two fundamental Islamic prohibitions which render financial contracts invalid (batil) and forbidden (haram).
Before proceedings to the specific prohibitions, I must reiterate that we are here concentrating on the Islamic legal aspects pertaining to the contract itself. Needless to say, an Islamically permissible contract may still be unIslamic for other reasons. For instance, a legal contract for purchasing an automobile may be permissible, but the buyer may intend to use the car for evil rather than good. Concentrating on the legality of the sale contract does not imply that it is more important than the other considerations. It simply means that it is one important consideration.
 

The prohibition of Riba

Most probably, the reader is familiar with the verses of prohibition of Riba in the Qur'an. Unfortunately, negligent interpretations of the meaning of those verses has led many individuals to assume that the prohibition only relates to situations where the creditor is likely to charge exploitatively high rates of interest. One of the most popular translations of the meaning of the Qur'an, Yusuf 'Ali (1991), translates the meaning of verses [2:278 279] thus:

278. O ye who believe! Fear Allah, and give up what remains of your demand for usury, if ye are Indeed believers.
279. If ye do not, take notice of war from Allah and His Messenger: but if ye turn back, ye shall have your capital sums; Deal not unjustly, and ye shall not be dealt with unjustly.

Thus, the English reader who is not familiar with the end of verse 279 "la tazlimuna wa la tuzlamun", reads this translation as a proof that the (sole?) objective served by the prohibition of Riba is the avoidance of injustice (in the sense of exploitation of the poor debtor by the rich creditor). However, the meaning of the ending of the verse as explained by 'Abu Ja'far, 'Ibn 'Abbas, and others (c.f. Al 'Imam Al Tabari (1992, vol.3, pp.109 110)) is much closer to: "if you turn back, then you should collect your principal, without inflicting or receiving injustice". The exegetes (ibid.) then explain "without inflicting or receiving injustice" as "without increase or diminution", where both an increase or a decrease of the amount returned relative to the amount lent would be considered injustice. Understanding the Objectives of the Law is important for students of Islamic Law. ^{[Note: In this regard, Islamic scholars have long debunked the explanation of the prohibition of Riba, solely on the basis of its exploitative nature. The interested reader my refer to Al Nawawi (continuation by Al Subki) (1995, vo1.9: `far` fi madhahib al. `ulama' fi bayan `lllat al riba fi al 'ajnas al 'arba'ah").]} However, laymen and religious scholars alike must abide by the Law. Therefore, what we need to understand is: what constitutes the forbidden Riba, and how can we avoid it? In the remainder of this section, we shall cite Hadiths and jurists' analyses which explain the forbidden Riba. Later chapters will deal with the Islamic alternatives to Riba.
There are numerous Hadiths which detail the prohibition of Riba. In the interest of brevity, I list only two here:

1. Muslim narrated on the authority of 'Abu Said Al Khudriy; The Messenger of Allah (pbuh) said: "Gold for gold, silver for silver, wheat for wheat, barley for barley, dates for dates, and salt for salt; like for like, hand to hand, in equal amounts; and any increase is Riba."
   
2. Muslim narrated on the authority of 'Abu Said Al Khudriy: Bilal visited the Messenger of Allah (pbuh) with some high quality dates, and the Prophet (pbuh) inquired about their source. Bilal explained that he traded two volumes of lower quality dates for one volume of higher quality. The Messenger of Allah (pbuh) said: "this is precisely the forbidden Riba! Tao not do this. Instead, sell the first type of dates, and use the proceeds to buy the other."

The first Hadith enumerates six goods which are eligible for Riba. Since barter trading (e.g. dates for dates, as in the second Had it h) is rarely of concern today, we shall mainly be concerned with Riba as it pertains to gold and silver, the monies (Roman and Persian, respectively) used during the Prophet's (pbuh) time. With the exception of juristic schools which denied the use of reasoning by legal analogy (qiyas) as a source of legislation (e.g. the Zahiris), and a few contemporary detractors, most Islamic schools of jurisprudence accepted gold and silver in the first Hadit h to signify money in general, including contemporary monies. ^{[Note: The interested reader may consult 'Ibn Rushd (199 i ; vo1.3, pp.183 184) for a summary of the major Sunni school generalizations based on this Hadith.]} In this regard, the Islamic Fiqh Council of the Organization of Islamic Conference (OIC), in its third meeting in 1407 A.H., ruled as follows:

After reading the studies presented to this Council regarding this topic, the Council has determined regarding the legal status of paper currency that it is a form of independent money, for which apply all the legal rulings which apply to gold and silver, including the rulings regarding Riba, Zakah, and salam. The legal reason for this ruling is the use of such monies as monetary numeraires, in terms of which prices are specified (al thmaniyyah,).

The first cited Hadith makes it clear that there are two conditions for exchanging money for money: hand to hand, and in equal quantity. This is what is known as a currency exchange contract (`aqd al sarf), where money is traded at the current exchange rate. However, any violation of the Hadith will result in one of two forms of forbidden Riba:

1. Riba al fail,: where money is exchanged for money hand to hand, but in different quantities, or
   
2. Riba al nasi'ah: where money is exchanged for money with deferment.

The latter form (Riba al nasi'ah) is the one upon which most of western finance has been built. In the conventional financial sector, financial intermediation is effected through lending, and the tune value of money is reflected in interest payments. As we have seen, this is unequivocal Riba, the devourer of which was warned of a war from Allah and His Apostle. Indeed, 'Abu Dawud narrated on the authority of 'Ibn Mas'ud (mAbpwh) that

The Messenger of Allah (pbuh) cursed the one who devours Riba, the one who pays it, the one who witnesses it, and the one who documents it.

Similar traditions with slightly different language were narrated in Muslim, Al Bukhari, and Al Tirmidhi. Another most damning Ijadith was narrated by Ibn Majah and Al Hakim on the authority of 'Ibn Mas'ud (mAbpwh) that the Prophet (pbuh) said:

There are seventy three different types of Riba, the least of which is equivalent [in sin] to committing incest, and the worst of which is equivalent [in sin] to destroying the honor of a Muslim.

Notice that unlike the prohibition of Gharar (risky or ambiguous sales), to which we shall turn shortly, the prohibition of Riba is unequivocal. The jurists have been more lenient to varying degrees with the prohibition of Gharar since no contract can ever be totally devoid of uncertainty. However, as we shall see shortly, most of the financial needs that can be served with contracts containing Riba can be met without the need for Riba. In particular, Muslims do not need to deprive themselves of credit to avoid paying Riba, nor do they need to forego the time value of their wealth to avoid receiving Riba. ^{[Note: The notion that there is no time value for wealth in Islam is false, as we shall see in Chapter 2. The notion that money is sterile (does not grow by itself) and has no time value is in fact part of the traditional doctrine of the Catholic church, and rather alien to Islam. In fact, it was argued in Al Qaradawi (1999, vol.1, pp.37 8, 139 149) that the growth potential (nama) for wealth (mal) is one of the conditions of eligibility for Zakah. The term is derived from zaka which means "to grow". The word Riba is derived from raba which also means "to grow". The reader is encouraged to contemplate the constant conjunction of Qur'anic verses of the prohibition of Riba with verses encouraging charitable payments.]}

Debt re-sale

As we shall see in the following chapter, Islamic financial contracts (e.g. leases and credit sales) result in debts or liabilities (duyun) on the party for whom the acquisition of an asset is financed. Charging an increase for further deferment of the payment of such debts as a function of time (e.g. a late rental payment in a lease, or a late installment payment in a credit sale) would constitute Riba al jahiliyyah, the worst form of Riba condemned in the Qur'an. 'Ibn Rushd labeled such increases the rule of "defer and increase" amhilni 'azidka) and condemned it thus. The opposite rule, in which the amount of the debt is reduced due to prepayment, was also listed by 'Ibn Rushd (ibid.) among the types of Riba, under the title, "prepay and reduce"' (da' wa ta'ajjal). The prohibition of the latter rule has been controversial historically, and it was relaxed in recent years by various juristic bodies. ^{[Note: 'See, for instance, the recent rulings by  resp.; Sakhr (1996, fatawa #50,1291.265,740,536).]} Those opinions were recently used to develop so called "Islamic credit cards", where purchases are automatically financed over a fixed period (usually 12 months), and earlier payments result in reduced charges. Despite the almost unanimous acceptance of the juristic backing of this rule by contemporary juristic bodies, some of its various financial applications remain controversial.
The two rules discussed above can be encompassed under the more general topic of trading in debts. The "defer and increase" rule is in fact selling the current debt to the debtor, where the price is an even larger debt with a longer deferment period. As stated above, this is Riba al jahiliyyah, and it is strictly prohibited. The sale of a debt to the debtor, therefore, must be at face value (unless part of the debt is forgiven).
More interesting, on the other hand, is the potential of selling debts to third parties. In conventional "asset backed securitization", a mortgage company or bank sells its "accounts receivable" from its mortgages or other financing instruments to third parties. In fact, if the reader currently has a mortgage with any given company, it is almost certain that this mortgage was securitized and sold to others (e.g. Fannie Mae, etc.), even though payments continue to be made to the originator mortgage company.
The reason I mention this issue will become apparent in Chapter 3 below. Islamic banks will have "accounts receivable" ^{[Note: An "account receivable" is any amount owed to a business by a customer as a result of a credit sale.]} corresponding to lease or installment payments (in leases and credit sales, resp.). In principle, those accounts receivable may be "sold" to the public as a fixed income investment vehicle with minimal risk (the risk that the debtor will default, and the repossessed asset sells for less than anticipated). Debt re sale has been used extensively in the Islamic financial market in Malaysia, following a Shafi'i ruling which permits such trading. The practice remains controversial since the Hanafis and Hanbalis (with the exception of 'Ibn Al Qayyim) render such transactions prohibited, and the Malikis permit it only under very stringent conditions. While a variety of "tricks" (hiyal) under various guises have been suggested and used in various "Islamic countries", I shall restrict attention in Chapter 3 to the most obviously uncontroversial alternatives which do not include such tricks.
 

The Prohibition of Gharar

There are numerous Hadiths forbidding Gharar sales, and specific instances thereof. One commonly cited Hadith was narrated by Muslim, 'Ahmad, 'Abu Dawud, Al Tirmidhi, Al Nasa'i, Al Darami and 'Ibn Majah on the authority of 'Abu Hurayra (mAbpwh) (translation of the version in Muslim) that

The Prophet (pbuh) prohibited the pebble sale and the Gharar sale.

A good translation of Gharar is "risk" or "uncertainty”. ^{[Note: The term risk (Italian: risco, French: risque) is derived from the Latin roots re = back and secure = cut, thus reflecting the potential for a sailor to have his ship cut by hitting a rock. In other words, "risk" means "danger of loss". This is precisely the meaning of the Arabic term Gharar. The literal meaning of the term Gharar according to Qadi `Iyad (c.f. Al (aarafi (n.d., vol.3, p.266)) is: "that which has a pleasant appearance and a hated essence".]} Professor Mustafa Al Zarqa' defined it as follows:

Gharar is the sale of probable items whose existence or characteristics are not certain, due to the risky nature which makes the trade similar to gambling.

Many classical examples of Gharar were provided explicitly in the Hadith. They include the sale of fish in the sea, birds in the sky, an unborn. calf in its mother's womb, a runaway animal, the semen and unfertilized eggs of camels, un ripened fruits on the tree, etc. All such cases involve the sale of an item which may or may not exist. In such circumstances, to mention but a few, the fish in the sea may never be caught, the calf may be still born, and the fruits may never ripen. In all such cases., it is in the best interest of the trading parties to be very specific about what is being sold and for what price. For instance, 'Ahmad and 'Ibn Majah narrated on the authority of 'Abu Said Al Khudriy (mAbpwh):

The Prophet (pbuh) has forbidden the purchase of the unborn animal in its mother's womb, the sale of the milk in the udder without measurement, the purchase of spoils of war prior to their distribution, the purchase of charities prior to their receipt, and the purchase of the catch of a diver.

The last prohibition in this Hadith pertains to a person paying a fixed price for whatever a diver may catch on his next dive. In this case, he does not know what he is paying for. On the other hand, paying a fixed price to hire the diver for a fixed period of time (where whatever he catches belongs to the buyer) is permitted. In this case the object of sale (the diver's labor for say one hour) is well defined. In many cases, Gharar can be eliminated from contracts by carefully stating the object of sale and the price to eliminate unnecessary ambiguities.
In contemporary financial transactions, the two areas where Gharar most profoundly affects common practice are insurance and financial derivatives. Jurists often argue against the financial insurance contract, where premia are paid regularly to the insurance company, and the insured receives compensation for any insured losses in the event of a loss. In this case, the jurists argue that the insured may collect a large sum of money after paying only one monthly premium. On the other hand, the insured may also make many monthly payments without ever collecting any money from the insurance company. Since "insurance" or "security" itself cannot be considered an object of sale (c.f. Al Zuhayli (1997, vol.5, pp.3415 3420) for more details), this contract is rendered invalid because of the forbidden Gharar. Of course, conventional insurance also suffers from prohibition due to Riba since insurance companies tend to invest significant portions of their funds in government bonds which earn them Riba.
The other set of relevant contracts which are rendered invalid because of Gharar are forwards, futures, options, and other derivative securities. Forwards and futures involve Gharar since the object of the sale may not exist at the time the trade is to be executed. As we are going to see, Islamic Law permits certain exceptions to this rule through the contracts of salam and 'istisna’. However, the conditions of those contracts make it very clear that contemporary forwards and futures are not permitted under Islamic law. Classical jurists called such contracts where both the price and the goods were to be delivered at a future date al bay` al mudaf, e.g. "I sell you this car for so much at the beginning of the next month", and considered them non concluded and thus invalid. Contemporary options were also discussed by traditional jurists, e.g. "I sell you my house for so much if my father returns", and called it a suspended conditional sale (all bay` al, mu'allaq). They have also rendered such sales invalid due to Gharar (c.f. Al Gharar wa 'Atharuhu fi Al `Uqud by Siddiq Al 'Amin (pp.137 149) for a full discussion).
 

Obeying the Law

I hope that the reader will find that the questions which justify the development of an "Islamic financial" industry are well motivated:

1. If a Muslim does not possess enough cash to purchase a house, car, office equipment, etc., does he have any options other than borrowing to finance such a purchase (which will no doubt include Riba), or refraining from making the purchase (which will no doubt affect his quality of life and future financial prospects)?
   
2. Can a Muslim (perhaps a retiree) invest his savings in a, way which will earn him a halal income without exposing himself to too much risk?
   
3. Is there a permissible alternative to commercial insurance?

The Road to the Worst Credit Score Ever

If any of these behaviors apply to you, watch out — you're in the process of doing some serious damage to your financial reputation.

1. Don't Pay Your Bills
The most important part of your credit score is your repayment history, so if you want to have terrible credit, don't pay your bills.
Did you get a bill in the mail from your credit card company today? Don't open it. Leave it in the envelope and throw it on top of the growing pile of paper on your dining room table. By refusing to pay even the minimum monthly payment, the repayment history on your credit report will look terrible, showing that you have bills you haven't paid for 90-plus days. Eventually, your account will go to collections, making your score plummet further.
Better yet, throw your unopened credit card bill in the trash. That way, a thief might be able to acquire enough information about you to steal your identity, leaving you with a gigantic financial mess to clean up and completely trashing your credit score.
While you're at it, don't open your monthly mortgage statement, either. Keep doing this month after month. Eventually, you'll lose your home to foreclosure. Between the unpaid mortgage and the credit card bills, you may even have to declare bankruptcy. Bankruptcies and foreclosures are a great way to ruin your credit not just in the short term, but for years to come.

2. Charge It!
The second most important factor of your credit score is how much you owe. So if you want to ruin your credit score, make sure to max out all of your credit cards. Better yet, try to spend past the limit! Then, don't pay the bill — ever. Let the interest and late fees rack up. Instead of keeping your credit card balances below 15-25% of your total available credit, as credit experts like Liz Pulliam Weston recommend, see if you can manage to owe $10,000 on a card with a $5,000 limit.

3. Apply, Apply, Apply
Ten percent of your credit score is based on how many new accounts you have applied for recently. So if you want to mar this component of your score, why not surf the web and see how many credit card applications you can fill out in a single day? Best of all, if you get approved, you'll have new tools to dig yourself into an even deeper financial hole.

4. Be a One-Trick Pony
Your credit score tends to be higher if you use a mix of different types of credit, such as credit cards, store accounts, an auto loan and a mortgage. Of course, to get approved for a mix of credit in the first place, you'd have to be responsible with your money. If you want to look bad, don't mix it up - stick with credit cards. These are one of the easiest types of credit to get.

5. Assume That It's Hopeless
Once you've thoroughly destroyed your credit, there's no sense in hoping that things could get better one day. After all, a bankruptcy can stay on your credit score for up to 10 years. So don't visit a nonprofit credit counseling service for help. Don't work out a budget to help you manage your money better. Don't cut up your credit cards or freeze them in blocks of ice. And don't take any baby steps toward paying off your debts. Just resign yourself to a life on the streets - it will be harder for your creditors to track you down if you don't have a job, an address or a phone number. Don't believe anyone who tells you that you can turn your situation around in a year or two if you're motivated enough.

What Won't Affect Your Score
While you're hard at work destroying your credit and ensuring that your life will one day revolve completely around clawing your way out of debt, please keep in mind that there are a few destructive behaviors that won't have any impact on your credit score.
Unless you do it so often that your bank sends your account to collections, overdrawing your checking account won't have any effect on your credit score (though it will be very expensive). Getting divorced, in and of itself, will not affect your credit score, so don't think that stepping out on your spouse will get you any closer to a 300. Losing your job won't directly impact your score, either, nor will receiving unemployment checks or signing up for food stamps.
Credit bureaus don't care if you're on public assistance, and they don't care if you have a job — they're only interested in whether and when you pay your bills, not how you derive the means to pay for them. But hey — why stop at just destroying your credit when you could destroy your entire life?

The Bottom Line
Please don't follow the tongue-in-cheek tips in this article - we really don't want to see you ruin your finances, your relationships or your sanity.
___

NEWS - September 2010 -GEMPAR!!!

Malaysian cosmetics millionairess murdered

Police hunting for a missing Malaysian cosmetics millionairess believe she has been murdered, her body burned and ashes scattered in a river.

By Ian MacKinnon in Bangkok
Published: 6:56PM BST 12 Sep 2010

Sosilawati Lawiya disappeared with her driver, lawyer and a banker

Sosilawati Lawiya, 47, was a recognisable figure in Malaysia and her disappearance has dominated the local press for since she vanished almost two weeks ago.

Ms Sosilawati, founder of the popular Malaysian cosmetics brand Nouvelle Visages, disappeared with her driver, lawyer and a banker.

Police discovered the remains of the four at a palm oil plantation in the central state of Selangor, after eight people arrested on suspicion of involvement in the murders – including a 38-year-old lawyer believed to be the mastermind – led officers to the scene.

Bakri Zinin, head of the police's criminal investigations department, said he believed business rivalry between the glamorous cosmetics tycoon and the lawyer was the motive behind the murders.

The eight suspects, two of them women, are also being investigated in the disappearances of four other people a year ago in suspiciously similar circumstances.

Malaysia has been enrapt since Ms Sosilawati disappeared on August 30 and the manhunt grew in intensity.

The discovery of her car outside a hotel in a Kuala Lumpur suburb last Monday fuelled an already feverish interest.

The suspects, who have not been named, pointed police to the four hectare palm oil plantation at Tajong Sepat, 30 miles south-east of Kuala Lumpur, where officers found the remains along with a knife.

The suspects admitted that they had taken their victims there, bludgeoned them to death, burned the bodies and then threw the ashes in a nearby river.

Officer Bakri declined to say if any bones were found, but said forensics tests were been conducted to establish the identities of the remains.

"I can say that Sosilawati Lawiya and three others are believed to have been murdered and their bodies burned with ashes strewn in a river near the coast of the south-western part of the state," he said.

"We will have to do a DNA analysis to fully determine the identity of the remains, but we are confident these are the remains of the four."

The eight could face the death penalty if convicted.

Secrets of the Millionaire Mind - Initially, T. Harv Eker’s Eker

 Eker lists seventeen ways in which the financial blueprints of the rich differ from those of the poor and the middle-class.

1. Rich people believe: “I create my life.” Poor people believe: “Life happens to me.” (This is HUGE. Every successful person I know is control of her life. Unhappy people are constantly complaining to me how this, that, or the other thing prevents them from doing something.)
2. Rich people play the money game to win. Poor people play the money game to not lose.
3. Rich people are committed to being rich. Poor people want to be rich.
4. Rich people think big. Poor people think small.
5. Rich people focus on opportunities. Poor people focus on obstacles.
6. Rich people admire other rich and successful people. Poor people resent rich and successful people. (This is important, too — it seems to hold true among my friends.)
7. Rich people associate with positive, successful people. Poor people associate with negative or unsuccessful people. (Another important one.)
8. Rich people are willing to promote themselves and their value. Poor people think negatively about selling and promotion.
9. Rich people are bigger than their problems. Poor people are smaller than their problems.
10. Rich people are excellent receivers. Poor people are poor receivers.
11. Rich people choose to get paid based on results. Poor people choose to get paid based on time.
12. Rich people think “both”. Poor people think “either/or”.
13. Rich people focus on their net worth. Poor people focus on their working income.
14. Rich people manage their money well. Poor people mismanage their money well.
15. Rich people have their money work hard for them. Poor people work hard for their money.
16. Rich people act in spite of fear. Poor people let fear stop them. (This is big for me right now. I’ve accomplished most of the goals I set for myself, and need to set some new ones. But I have this nagging fear, because I’m moving into the unknown. Eker says that successful people act in spite of this fear. They move beyond worry, they “fake it til they make it”, learning as they go. Unsuccessful people do nothing at all.)
17. Rich people constantly learn and grow. Poor people think they already know.

                                                                                                                                                                          

How to Think Like a Self-Made Millionaire

For the longest time, I was taught by my family to go to school and go to college and get a good job as an employee for a stable employer. "Be a doctor," they said. "Be a lawyer," they said. "Get one with a good benefits and retirement plan," they demanded. My grandmother was so adamant that I went to a good university, that my graduation from the University of California, Santa Barbara outweighed all of my other accomplishments that I considered to be much greater than getting my getting a degree.
What's the fixation on going to college, getting a degree and getting a stable job? Personally, I think that it is an old-school mentality based upon fear. The second tier on Maslow's Hierarchy of needs deals with a human being's inherent need for safety and security. In our caveman days, security was finding a cave that would keep out the saber-toothed tigers. Today, it means financial security. You see, back in my Grandma's days, there was very little financial security. In her lifetime she has seen five U.S. wars, been wrongful imprisoned by the American government during World War II because she was a Japanese-American, suffered through the great depression of the 1930s, and dealt with the "Black Monday" stock market crash of 1987. Empathizing with her life, I can see how she would value high education and a stable job because anything else would be too unstable in her mind. I got my degree and made her happy, but I had no desire to trade my time for money and have another person be in control of my freedom as well as the amount of money that I could make.
Myth: Formal Education will Lead to Higher Financial Success
I coasted through college without any intensive study or desire to study. In fact, I was a horrible student in terms of study habits. I credit my finishing college only to my innate ability to pick the right multiple-choice answers based upon deductive reasoning and my love of writing research papers. All the while I was there though, I was looking for information that I could take to the streets--practical information that I could put to use, after all, I was paying tens of thousands of dollars for my top-notch education, but I went through my college education with perhaps only three classes that really provided me with some good useful information.
Like many college graduates discover, I found out that when you get out of college, you enter the business world that cares little about education and wants marketable trade-specific skills. So there I was with my diploma in hand, finding out that I was no better off than a high-school graduate. In fact, I was at a disadvantage from those who had entered the workforce right out of high school because they had worked their way up and developed marketable experience and skill sets that were prized by employers. I felt kind of swindled because all my life I was told, graduate from college and the money will be there.
The truth might hurt, but the record must be set straight and that is that in this day and age employee's with a four-year degree are a dime a dozen. As an employer now myself, I can say that a four-year education tells me that you can read and write well, but little more than that. What I look for is experience and practical knowledge. I'm not saying that a four-year education is worthless, but that it's weight on the career negotiating table is not as heavy as it once was. Let me put it another way: Going to college will make you a good employee, but it does not guarantee wealth.
The Employee Salary Trap
Getting a corporate salary is the biggest hindrance to wealth building if you are choosing that as your sole vehicle for wealth. That's because for most of us, our salary is fixed by our employers and any and all raises are dictated by our employers. In short, we won't get rich unless our employer says we can. Unfortunately, I haven't met a single employer in my time who has decided to make their employee rich. Being on salary is stable and people like being stable, but in order to develop a millionaire-mindset, you must get away from looking at your salary as the only means of income around. Being a salaried employee is not a bad thing at all. You can use the experience to learn and acquire new skills and have a stable stream of income to pay the bills. I'm just saying that you should not rely on your salary exclusively if you intend to become rich because at best, your employer will only allow you to make a decent living, not to become rich.
Self-Employed Versus Business-Owner
Private practice doctors, lawyers, and all other similar high-paying service professions make a decent living, but they aren't what I consider rich by their professions alone. That is because even though their per-hour salary is higher than the average, their wealth framework is still the same as the gardener making only $8.00 per hour--and that is that they are still trading their time for money.
What's wrong with that? Well, it's because we only have a limited amount of time in the day to monetize. Granted these professionals have broken free from the corporate dictatorship, but they have another problem that they face--Stop working equals no income. That means if these individuals are out sick, or on a vacation, or get injured, then all their source of income dries up because they can't trade their time for money. This puts a tremendous amount of pressure on these individuals to stay busy, which is in part why I think lawyers are the most jittery people I know. That leads me to this point: being self-employed means you are trading time for money while being a business-owner means you are using the power of leverage.
What's Leverage?                                                                    
Business-owners are the wealthiest people on this planet and many of them do not have any formal college degree. A good example is Bill Gates, the founder of Microsoft, who is worth approximately 25 billion dollars at the time of this writing. He dropped out of Harvard and founded his own company. Business-owners use the power of leverage, which in this context, simply means that they get more from their one hour of time than do the self-employed or the employees. In Gates' instance, he developed a computer operating system which he licensed out. He put effort into creating one product that delivered a lot of value to its buyers and he profited immensely from that.
But you don't have to write software to become rich like Bill Gates. People who purchase real estate work off the same passive income model. People who invest do the same. In the service arena, smart service professionals start contracting others to provide the actual services and take a cut on the profit, thereby creating value for both the service provider and the customer. That is leveraging services.
Business-owners look for multiple streams of income. Employees believe that they have a level of security in their job, but a surprise layoff or getting fired could end that security as fast as it was obtained. Worst yet, the employee has nothing more than unemployment benefits to work off of. A business-owner might lose one of his streams of income, but still has others to work off of. This is what I think of as safety--having multiple streams of income.
Take a Risk
In my Personal Development sessions, I advise people to face their fears head on because in taking on that challenge, it causes them to grow, both personally and professionally. Entrepreneurs and employees both have to deal with failures, but smart entrepreneurs are not afraid to take that risk, knowing that it will bring them one step closer to success. Be willing to try new ideas and to step out of the box. Look for additional ways you can make money and don't just talk about it--DO IT. That's one of the most powerful concepts that makes people millionaires--the ability to act.
Key Points
While this article only briefly talks about the millionaire-mindset, take with you these key points:
* All of us have the same amount of time during the day and we can only sell so much of our time.
* If you trade your time for money, the best you will do is earn a decent living. You won't get rich by this model.
* Find ways of leveraging what you do to get more out of your time and hence more money.
* Create passive income by way of products, software, or investment vehicles that produce a positive cash flow to create multiple streams of income.
* Don't wait for the perfect time because it will never happen. Act now, even if your plan is not perfect.

If you looking something you want  to create a passive income please don’t  hesitate to call me :

Fauziah Mahfodz  019 745 0580 or email me   fauziahmahfodz@gmail.com