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FPI Says Donation Haram Because Money Came From Immoral Act In the Penang state of Malaysia there was a recent furore over whether government money, which includes money from taxes on gambling, entertainment and tobacco businesses, is considered haram (forbidden) or halal (permissible). Now in Indonesia, the Islamic Defenders Front (FPI) has come out with a statement rejecting [...] The Futility Of Marking Dollar Say you receive a sum of money from the government. It could be anything – a tax refund perhaps, or an award from the government. Or even a scholarship from the government for your child to further his study. What would you do? Say thank you and accept the money? That’s what [...] Here is something that caught my attention. A recent report in The Sun entitled “ Parents sell virgins aged 12 for sex” highlights something that many may not be aware. Crime Reporter Anthony France pointed out in his article that usually foreign kids from Eastern Europe, the Far East and Africa are bought into the UK to work as sex [...] So Goldman Sachs, JP Morgan and Morgan Stanley – three well known Wall Street financial institutions, have successfully repaid the US Government the billions of dollars of bailout money it took previously to avoid massive liquidity meltdowns and bankruptcies. In doing so, they have side stepped Government pay restrictions that are applicable to those financial institutions [...] What is the world coming to? Have you ever wondered what kind of world we are living in? I just came across a Jakarta Globe report that is quite shocking, and may be indicative of an upside down world that we are in now. Drugs smugglers have now employed a new way to smugger illicit drugs across [...] So Cristiano Ronaldo has left Manchester United in a world record £80 ($130) million move to Real Madrid. It is goodbye EPL (English Premier League) and hello Primeria La Liga (Spanish League). So how much will the 24-year old Manchester United player be paid by his new employer – Real Madrid? According to press reports, Cristiano Ronaldo [...] The Financial Meltdown It seems like only yesterday that the world was faced with a global financial meltdown. Global banking giants were in danger of going into bankruptcy; so also were the insurance giants. The automotive giants followed suit. To be sure, some of these former giants did go belly up, while others were thrown [...] I saw in The Star Newspaper in Malacca (Malaysia) today an advertisement that reads as follows: “We’re giving a discount on discounts.” This is from Citibank. What a catchy statement. Reminds me of the time decades ago when I was working in private equity fund management (aka venture capital). A colleague of mine was working on a deal in [...] Look Who Is Seeking Financial Bailout In case anyone missed it, there is a Fox Business Report dated January 13, 2009 entitled “Adult Entertainment Industry Wants a Bailout”. The catchy part of the report is this: “Girls Gone Wild CEO Joe Francis and “Hustler” magazine publisher Larry Flynt have said they will petition Congress for financial aid along [...] A Look At Money It was The Beatles who said : “I don’t care too much for money, for money can’t buy me love”. Jackie Mason replied : “Money is not the most important thing in the world. Love is. Fortunately, I love money”. To this, Jim Rohn weighed in: “Time is more valuable than money. You can get [...] |
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