Showing posts with label Money. Show all posts
Showing posts with label Money. Show all posts

Limitations on Money Withdrawal in Cyprus

on Saturday, April 6, 2013

The banking curbs have been placed on Cypriots for prevention of money from leaving the country. It was said that this limitation was set for a week, but now the government has warned that these would be placed for more than a week. It is said that these curbs would stay longer than what is expected. This attempt is made to revive the economy of the country. Moreover, a cash withdrawal limit was also set, and nobody was allowed to withdraw more than 253 pounds a week. This limit is known to be set for a month or so. A number of restrictions have been set, and they would be lifted in some time.

As the central bank estimates, the limitations would be lifted up soon. The government is known to have been reviewing the restrictions on a daily basis from the day the restrictions were set. This attempt is being taken to take steps to lift up the limitations and as the circumstances improve soon. Moreover, the economy of Cyprus is at a serious threat from the capital flights. All these curbs and controls for not letting anybody leave the country with his money along with settig a limit on withdrawal are done to prevent people from removing all their saving at once. Curbs are set that do not allow people to take more than the limited amount, abroad. They have set a limit of 1000 Euros for anybody leaving the country. Nobody can take more than this amount.

There are some Cypriots who believe that all this would be lifted soon. However, others say that whichever countries have set such limitations in the past have never done it temporarily. The people of Cyprus are showing concerns about the effects on their lives and businesses, though some are quiet, hoping for some better change.

The bailout scheme includes that the second largest bank of Cyprus would be troubled. The Laika bank, that is the second largest bank of Cyprus, holds many accounts. Since the bank would be wounded, people having their accounts in this bank would also suffer. News from the Cyprus government announced that 25% of the salary would be deducted. Even the people on higher positions, such as ministers, have agreed to get their salaries deducted by 20%. Thus, all these steps are being taken in Cyprus, with some good hopes. The ministers, lawyers and people on higher positions, that earn a great deal of money every month are ready to cut down their salaries a little bit.

The people of Cyprus have their fingers crossed. They are expecting the curbs and the limitations to be lifted up soon, so that they could get out of these limitations and live a free life without any conditions for the money that can be taken in a travel, or the amount of money to withdraw from the ATM. The people of Cyprus are waiting eagerly to be free.



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Savers in Banks Of Cyprus Could Lose a Large Sum of Money

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Everybody is aware of the Cyprus bank crisis that is going on these days. Not only is the Cyprus government and its banking sector involved, but the whole public is also involved, as they have to face a few restrictions on the withdrawal amount. Those having saving bank accounts are expected to lose 60% of their belongings. This is what was known by the finance ministry and banking officials. A large number of deposits were expected to be converted by the banks into bank shares.

The savers are also on the verge of losing a further 22.5% of their savings in case the bank needs capitalization. This percentage amount may vary and the mentioned one is the result of the assessment made by the officials. The exact figure may not be known right now.

It is said that after a period of two weeks, finally the banks were opened on Thursday. However, the transactions that one could make were restricted by the new regulations. One could not withdraw more than 300 Euros from the bank per day. Moreover, as about the restrictions placed on the amount of cash one could take with him abroad, the amount was set to 1000 Euros. A few restrictions on the checks were removed. However, they allowed the loosening of the check restrictions only after they paid an amount of money to government agencies.

Moreover, there are furthermore restrictions placed on what can be taken away from the control of the Cyprus authorities. This includes the northern part of Cyprus, where they have no control. It is said that the restrictions may last for months. Previously, a limit of weeks was set but now, it is said that months could also be possible.



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Australian Party candidate rejects halal meat, doesn't want his money to 'go to the Muslim community'

on Friday, January 25, 2013

A candidate for Bob Katter's fledgling political party declared his preference for buying ''guaranteed non-halal meat'' so his money does not ''go to the Muslim community''.

Jamie Cavanough, who is standing for Katter's Australian Party in Sydney's most marginal federal seat, Greenway, is under fire for the apparently divisive comments he made to a community forum in one of the city's most ethnically diverse areas.

Katter's Australian Party played down the comments on Friday, describing them as a non-issue.

Mr Cavanough made his comments on Saturday, less than a fortnight after controversy in the Greenway community over plans for a supposed Muslim enclave, dubbed ''Halal housing'', in Riverstone.

Mr Cavanough posted on the Riverstone Community Group forum, which has 732 members on Facebook: ''Can anyone advise me where I can buy Guaranteed NON halal lamb for Australia day.''

When a forum user suggested he might try a butcher, Mr Cavanough replied: ''have not asked yet, just wondering if anyone new [sic] of any, I would prefer to always buy non halal as proceeds of halal goes to the Muslim community.''

And in a separate post, Mr Cavanough called on people to sign a petition against a supposed plan by the Prime Minister, Julia Gillard, to scrap the name Australia Day in favour of Harmony Day, saying ''the Muslim church is in favour of this''. The Prime Minister's office confirmed there was no such proposal.

Mr Cavanough told Fairfax Media he was simply looking for a better deal on meat and his comments were not racially motivated.

''In my view, and it's not the view of any party, I want to be able to purchase a product that has not been faced to a god that I don't believe in and blessed,'' he said.

Sydney Morning Herald, 25 January 2013



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Amazon makes money selling Islamophobic ebooks

on Tuesday, June 26, 2012

Amazon has been accused of making money selling offensive, racist and potentially dangerous ebooks on subjects ranging from bomb-making to drug growing.

The internet giant sells a vast number of ebooks, downloaded by readers from its website, some for as little as £1. It allows anyone to upload an ebook for sale, without safeguards against content that would be refused by traditional publishers.

One ebook, Prophet Muhammad: Monster of History, includes images of a Koran being burned and a woman being hanged. The author, Jake Neuman, says of its content on his own website: "The writings contained in this book are now illegal in most Western countries." But users of amazon.co.uk can access his work at the click of a mouse.

The Muslim Council of Britain has now called for Amazon to "take proper responsibility" for the content of the books on its site. They added: "Freedom of expression should not be unlimited, and publications that cause anti-Muslim hatred, anti-Jewish hatred or homophobic hatred should not be allowed."

Any potential self-publisher can use Amazon's Kindle Direct Publishing service to upload their ebook for sale, charging as little as 77p to potential readers. Amazon instructs self-publishers to adhere to "content guidelines", stating, for example, that "we don't accept pornography". But critics say the company does not go far enough.

Labour MP Paul Flynn said: "If Amazon is providing the platform for books that wouldn't be published otherwise, it is responsible. This is a cavalier attitude to inflammatory material."

Daily Mail, 25 June 2012

Via ENGAGE



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Learn Islam – The Concept of Blood Money aka Diyya In Islam

on Thursday, June 7, 2012

If you are looking to learn Islam and its various principles then you will love to learn about the concept of Blood Money or Diya in Islam. It is a typical Islamic terminology that refers to monetary compensation, which is paid by the offender i.e murderer etc., or members of his family to the kin group or family of a sufferer. The Holy Qur’an explains the law of Qisas that is retaliation in detail however, advises that the family of the sufferer should prefer compensation that is Diyya instead of Qisas or retaliation.

The holy Quran directs paying Diyyat or blood money strictly in accordance with the law mentioned in the Holy Qur’an. The law of blood money or Diyya is same in both the unintentional as well as intentional murder. The similar concept of Diyyat or blood money was also present in the pre-Islamic era. At that time the diyya was only paid in the form of animals as well as goods instead of cash.  However, the Islam recommended minor changes in the form of diyya that is after the arrival of Islam, the blood money or diyya can only be paid in the form of cash in order to avoid any frauds.

Those looking to learn Islam would also be interested to know the amount of Diyya or Blood money.  Well, no exact amount of blood money or diya is mentioned in the holy scriptures of Islam that are the Holy Qur’an as well as the Sunnah of Prophet Muhammad P.B.U.H. Similarly, the amount of Diya does not vary based on gender, freedom state of the sufferer or ethnicity of the sufferer.

The holy Qur’an leaves the matter of Diya or blood money amount to the family of the sufferer as well the customs of a particular society. The family of the sufferer can demand as much amount as they desire from the offender or the family of the offender. However, if the family of the victim or sufferer forgives the offender, in that case the offender or the family of the offender is not liable to pay any blood money or diya.

The amount of diya or blood money in case of any non-Muslim involvement would also be a matter of great interest for those looking to learn Islam. Well, there is a minor difference of opinion in the four schools of thought. According to the Shafi school of thought, the amount of diya or blood money would be about one third in case of any non-Muslim that is a Jew or Christian if he was Dhimmi. Similarly, according to the Malki school of thought the amount of blood money or diya would be about half in case of Dhimmi non-Muslim. Likewise, according to the Hanfi school of thought the amount of blood money would be the same as for Muslims. Here it is worthwhile to mention that in Yemen the amount of diya or blood money is comparatively higher in case of non Muslims Dhimmi.



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