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Offshore Islamic Bullion Bank (IBB) is designed (at brain child
idea) to offer money market by Gold Diner, global Asset (gold, silver & diamond) management,
global Sukuk issuance, global capital market, Cooperative
micro-finance, islamic micro-credit @ al-Rahnu & global equity (gold,
silver & diamond) management in accordance with the standard Shari'ah principles. The Risk
management of all these services shall be by Takaful
providers.
The prime objective of IBB is to provide an effective Gold, Silver & Diamond management for the global Ummatic benefits in the spirit of Shari'ah by having not only commercial gains, but also added opportunities with socio-cultural, political-global and spiritual significance.
Furthermore, through the successful establishment and operation of IBB, the depositor / owner of asset (gold, silver or diamond) may not only hold the certificate of safe keeping, but also grand opportunities in legitimate profit making besides cooperating others towards required financial supports for the project developments, establishment of businesses & needed facilities.
For example: IBB may offer any guarantee with standard financial instrument backed by the ready asset in custody (gold, silver or diamond) to the party who requires financial support for the project, business or facility. A financing bank will offer the facility based on the IBB's issued instrument to effectively support the party towards one's end result. Through such a holistic cooperation, all four parties (including the owner of asset) will have the chance to share income in the project as per mutual understanding. Moreover, IBB may also be able to issue Sukuk guaranteed by the ready asset, participation in the equity market and other global opportunities, to generate income over the deposited asset, which will ultimately befifit not only IBB, but also the owner of the asset coplying the Shari'ah principles of profit sharing technique. In all circumstances the risk shall be minimized by the relevant Takaful coverage.
Though the brain child architecture of IBB of my humble effort had began its structure since 2002 and now may be the right time to be established as the first of kind in today's world of reality.
The establishment of IBB may open up long waited opportunities for all through the centralized management of gold, silver & diamond aiming a discovered effective benefit for the global Ummah, EnSha ALLAH (swt).
It is further clarified here that, though IBB has not been established yet in its capacity as an Islamic bullion bank with operation, but ready with its architecture by conceptual frame works, management structure, Shari'ah regulatory structure, products structure, strategies, Shari'ah instruments, business prospects, lead partners including investors, market zone & operational mechanisms, which may lead to formalization & operation effectively (all are depending on the fulfillment of legal requirements, approval by the relevant authorities & endorsement by the government concern) EnSha Allah (swt).
The prime objective of IBB is to provide an effective Gold, Silver & Diamond management for the global Ummatic benefits in the spirit of Shari'ah by having not only commercial gains, but also added opportunities with socio-cultural, political-global and spiritual significance.
Furthermore, through the successful establishment and operation of IBB, the depositor / owner of asset (gold, silver or diamond) may not only hold the certificate of safe keeping, but also grand opportunities in legitimate profit making besides cooperating others towards required financial supports for the project developments, establishment of businesses & needed facilities.
For example: IBB may offer any guarantee with standard financial instrument backed by the ready asset in custody (gold, silver or diamond) to the party who requires financial support for the project, business or facility. A financing bank will offer the facility based on the IBB's issued instrument to effectively support the party towards one's end result. Through such a holistic cooperation, all four parties (including the owner of asset) will have the chance to share income in the project as per mutual understanding. Moreover, IBB may also be able to issue Sukuk guaranteed by the ready asset, participation in the equity market and other global opportunities, to generate income over the deposited asset, which will ultimately befifit not only IBB, but also the owner of the asset coplying the Shari'ah principles of profit sharing technique. In all circumstances the risk shall be minimized by the relevant Takaful coverage.
Though the brain child architecture of IBB of my humble effort had began its structure since 2002 and now may be the right time to be established as the first of kind in today's world of reality.
The establishment of IBB may open up long waited opportunities for all through the centralized management of gold, silver & diamond aiming a discovered effective benefit for the global Ummah, EnSha ALLAH (swt).
It is further clarified here that, though IBB has not been established yet in its capacity as an Islamic bullion bank with operation, but ready with its architecture by conceptual frame works, management structure, Shari'ah regulatory structure, products structure, strategies, Shari'ah instruments, business prospects, lead partners including investors, market zone & operational mechanisms, which may lead to formalization & operation effectively (all are depending on the fulfillment of legal requirements, approval by the relevant authorities & endorsement by the government concern) EnSha Allah (swt).
Great idea brother,
ReplyDeleteWe have been working on this for about five years within our community, we can share it with you if you are interested.
M. Iqbal
www.geraidinar.com