Believing in luck is a completely different thing and relying on luck for getting rich is another. People who dream and commit to their dreams invest very sensibly and have a passion of taking risks for high returns. Taking risk does not mean gambling with your luck rather it means walking with your luck to fulfill the most passionate of dreams by taking calculated risks.
People are often lured by the current market situation and most service or job minded people people have a very narrow vision of security, which might mean a secure future without involving risks. These are the people who often get lured into the saving schemes legally started by banks, financial institutions, insurance companies or governments and private entities.
Many companies float their stock and go public for liquidation of assets while some issue bonds. Even the government does that to assure the low risk involved and the guarantee of the capital. While most bonds are purely issued by luring people to save a bit of their income for the future and by handing out huge prize money, “The National Bonds Corporation” has gone a step ahead by declaring itself Shariah Compliant and handing out a tiny bit of profit or whatever they might call, on the capital investment. The region where “National Bonds” operate is widely dominated by Muslims who prefer Islamic and Shariah Compliant financial products, which are rare to find even if approved by a council. The complexity of being Shariah Compliant is far more then what could be including in this article and should be left to a future one.
National Bonds are issues by a non-governmental institute and are legal. The company apart from issuing profits on the capital investment also has set aside “if you are lucky” deals which i call gambling and do not believe in. Luck and hard work (which does include financial investment) go hand in hand. The company gives out more than a million UAE Dirhams in prize money to bond holders every month. Which might accumulate into about a 150 Million probably in a Year. The exact amounts are not stated here as it is irrelevant to what the issue with National Bonds is.
More than half a million people have invested in National Bonds due to high expectations of winning these lucrative prizes and advises for saving for a better future.
With inflation on the rise a thousand Dirhams saved today might be worth only a few hundreds in a few years. The case is evident all over the world. The purchasing power of any currency in the world has declined and therefore it is just not sensible to save a commodity or whatever money is called for a far off future. As far as National Bonds is concerned the profits that they declare at the end of each year are just figures without meaning. If on a 1000 AED one is to get only 65 AED or as for 2009’s profit’s about 38 or something after a whole year does it make sense. The value of the amount has already depreciated in terms of what it could buy after a year and the value would be greater then the accumulated profit. Just to cite an example here, in December 2008, 5 KGs of a certain brand of rice at Carrefour was worth AED 16 while the same thing was priced AED 32 in December 2009. It was a tremendous growth in the pricing of all commodity and consumables, while a hand full stayed the same and yet a minor percentage has decreased.
What would the saving have done, if it was meant for a year? What would the profit that it had generated resulted to? National Bonds are definitely not so beneficial on the whole, even if someone wished to save on it, though I am not against saving totally, but surely the return of profit does not just mean saving only. It has to do with investment where it seems to be a failure. Rather then giving out millions in prize money in a lottery system, it would have been better if it focused more on giving out larger profits to the extent that these huge prize amounts also be distributed in the same way.
All said the verdict is that though the entire corporate and its functionality is legal it still is based on a “life is a gamble” thinking or maybe it just displays or projects such an idea.
All the figures and amounts stated above are just vague examples and not accurate calculations. Exact figures can be found on nationabonds.ae These are totally personal views/suggestions and are not endorsed by any entity.
Posted in Deen Personal Views by .
Sep 10
11
Are we Humans!
The article by Khalaf Ahmed al-Habtoor “Enough Free Propaganda..” is a gem. Every word of it is true and while everyone chooses if they want to be “hurt” or not we are human beings after all. We have the right to choose between right and wrong and we have been given a divine gift to select between various paths in every aspect of life. We are definitely social and therefore have rules and laws in place. But what if, behind the veil of the law, a person can act like a lunatic?
A person has the right to burn his own property, money whatever and the law secures him to do that. Can a mother kill a child after giving birth to it, if she has failed abortion? Abortion is alright then why not killing the new born?
Personally I feel both are nor right and many people feel that but what is law? The thoughts of a few men put together who think they know better then other humans? Then maybe after a few year or a decade or a hundred someone might turn-up and amend it? Whats logical to a person is insane to the other, whats important to a group is rubbish to others. Some people try to uphold the right and freedom to do anything they want just because they are insecure, that maybe they land up in a similar position some day. The blame game starts and say that if such a right is implemented and an insane person carries out insane things people tend to hurt themselves, its their choice and those who are hurt are maybe insecure or whatever.
The people who think they follow logical thinking, play with words and claim that though they also feel insanity to be insane but would rather support logic. What logic is that? Humans manipulate every bit of logic and just walk around in an inhuman manner. Where is our tolerance and where do we stand is the question.
Posted in Interesting Personal Views The World by .
A gulfnews article published today brings great concern to me personally being a practicing and faithful Muslim but it further brings about concern that why does not any country in the world have stringent laws against defamation of religious texts. In these many years I have lived in India, I was there during the Babri Masjid riots and though there was a lot of blood shed I haven’t heard of anyone burning the Quran or the Gita. Houses were burnt down and people were killed and what not inhumane acts of violence were carried out by people, I use this word with caution, as I believe religion leads to salvation and therefore cannot preach violence and hatred. People are hurt by people and not religion.
It is the misconceptions of people that lead to such violence while the religious texts are always sacred and divine. They preach love and harmony even where there is a mention of war. It has deep meanings which are misunderstood by many or misinterpreted for the mass by many for personal gains. The police if they have to fire and kill in an encounter are not murderers. They are protecting the peaceful lives of people.
The article that led me to write this blog entry after many days has many aspects that need to be looked into and discusses. The first and foremost are the different concerns cited by the US officials regarding the threat to the US troops by the disgraceful and disrespectful act. Further more the concern about the harm that would cause to the administration and the triggering of the insurgents are also worth noting. All concerns are political crap and none of them even point to the gravity of this act. Any religious book is sacred and should be regarded as equal to the constitution of a country where if anyone who commits an act towards it would be regarded as non-patriotic.
None have raised concerns over the sentiments of American Muslims and another billions of people who have nothing to do with al-Qaida. al-Qaida or its similar types claim to be Muslims but does that make them Muslim and followers of the Quran. A dissident holding an American passport if does an act against the country would not be an American even though he has a passport and claims to be one. The nation would hold him as a foe rather then a child.
The political concerns expressed by the US officials are not only worrying but they point to a true fact that there are motives other then peace and harmony in policies governing deployment of troops and military might. Unjust and unlawful people of the likes of al-Qaida kill the innocent in the name religion and what not while the people who are trying to uphold the law are doing the same in the name of “War on Terror”.
People around the world need to understand that tolerance will bring growth to peace and harmony while hate will bread fear and hate. Acts such as these are from not learned and civilized people but from the ignorant and misinformed.
Wake up America, the statue of liberty points to the liberty of being human not lawless animals.
Posted in Personal Views Religion The World by .
Sep 10
6
Ekhwan Group Dot Com
Ramadan is always a time when we Muslims free ourselves from the worldly hassles of life and simply look into spirituality and religious affairs. Its the time to nourish our souls of with pure worship and faith in the Lord our creator.
The past month has been really busy for me with most of my time spent as the Masjid and a part to and fro to my home from the Masjid. A little rest and some spare time with the family. Ekhwan has been in the hosting business since many years now with a few large companies that have trusted us for the many years we have been in business, dophinheattransfer.com and ezwaretechnologies being the most oldest of them all.
Saying that Ekhwan has become a brand in the hosting business that many prefer for the truthful and sincere service and advise we offer to our clients. Our aim has always been to help our clients get the most out of their business.
The reason for all the above introduction is a disclaimer that recently came into my notice. A website called ekhwan group dot com. I have separated the words and spelt out the dot so as not to link to it. This website is NOT a part of Ekhwan and we are not associated to this website or company in any way, even if it is legitimate which we are not aware of.
Just a second note. I have much to write about and will continue as soon as I am back from the spiritual journey, fully revived.
Posted in Internet & Hosting Marketing Personal Religion Shehrullah by .
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Not all posts on this blog are my own words. Nor are all articles written by me. The blog is intended serve as my journal and dairy of interesting reading I have enjoyed and want to share. Some write-ups do not have the name of its author, the reason behind it is that I do not know the original source nor the author. If someone knows it they can add it to the comment box.
