Comments on: Islamic Finance Part 3: Importance of Property Ownership http://myummah.co.za/site/2009/02/19/islamic-finance-part-3-importance-of-property-ownership/ Islamic content, for the Ummah by the Ummah Sat, 16 Apr 2011 16:21:07 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: hammad http://myummah.co.za/site/2009/02/19/islamic-finance-part-3-importance-of-property-ownership/comment-page-1/#comment-975 hammad Tue, 24 Feb 2009 06:58:30 +0000 http://myummah.co.za/site/2009/02/19/islamic-finance-part-3-importance-of-property-ownership/#comment-975 As a constructive comment, would be beneficial to implement the consequences of the fiat money supply as mentioned int he earlier paragraph does not really lead to a 'globalization' of money supply, but rather a concentration in the hands of the West (USD, EUR, GBP) which enable and allow the acquisition of hard assets for worthless paper, and secondly drive up the prices of all assets globally. Taking a look at the rise of housing prices over history, one will see the most severe price rise in the last few decades, in line with the delinking of fiat currencies to any real asset (such as gold). The price rises have been nominal, as the recent crashes illustrate, on the back of the creation of more funny money. As a constructive comment, would be beneficial to implement the consequences of the fiat money supply as mentioned int he earlier paragraph does not really lead to a ‘globalization’ of money supply, but rather a concentration in the hands of the West (USD, EUR, GBP) which enable and allow the acquisition of hard assets for worthless paper, and secondly drive up the prices of all assets globally.

Taking a look at the rise of housing prices over history, one will see the most severe price rise in the last few decades, in line with the delinking of fiat currencies to any real asset (such as gold). The price rises have been nominal, as the recent crashes illustrate, on the back of the creation of more funny money.

]]> By: hammad http://myummah.co.za/site/2009/02/19/islamic-finance-part-3-importance-of-property-ownership/comment-page-1/#comment-974 hammad Tue, 24 Feb 2009 06:52:24 +0000 http://myummah.co.za/site/2009/02/19/islamic-finance-part-3-importance-of-property-ownership/#comment-974 Asalam. Mashallah, amazing piece. Very well-written. May Allah SWT reward you for sharing. What is your background akhi? Jazakallah, Hammad Asalam.

Mashallah, amazing piece. Very well-written.
May Allah SWT reward you for sharing. What is your background akhi?

Jazakallah,

Hammad

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