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Started by The IINN
Tue, 21 Jan 1997 00:00
The IINN, Vol.10 No.008 01/21/97
Author: The IINN
Date: Tue, 21 Jan 1997 00:00
Date: Tue, 21 Jan 1997 00:00
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In the name of ALLAH, the Beneficent, the Merciful
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I N F O R M A T I O N & N E W S N E T W O R K
A Subsidiary of Pakistan News Service
Vol. 10 No. 8 13 Ramadan 1417 Hijri Tuesday January 21, 1997
________________________________________________________________________________
Editor: Asim Mughal Muslims@Psuvm.psu.edu
________________________________________________________________________________
Contents
--Al Qur'an--
1. Al Quran ................................................ by Almighty Allah
................. translation of the meaning by Abdullah Yusuf Ali
--News--
2. Islamic Finance ....................................... from Art Chimes/VOA
3. Headlines This Week ......................................... from AlAkhbar
4. Deal on Hebron: ............................................. from AlAkhbar
--Articles--
5. Hebron Partitioned ..................................... from MER Editorial
6. Kashmir: Indian Atrocities ...................................... from KRIS
--Announcements--
7. MSA East Zone Conf '97 .............................. from H Tahir N Khwaja
Al Quran .....................................................................
I seek Allah's protection from Satan the rejected one.
1. Al Quran ................................................ by Almighty Allah
................. translation of the meaning by Abdullah Yusuf Ali
translation of the meaning by
Abdullah Yusuf Ali
from
Asim Ashraf
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
x 106 Al-QURAN x
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
I seek Allah's protection from Satan the rejected one.
Be not like those who are divided amongst themselves and fall
into disputations after receiving clear Signs:For them is a
dreadful Penalty-- On the Day when some faces will be (lit up
with) white , and some faces will be (in the gloom of) black: To
those whose faces will be black, (will be said): "Did ye reject
Faith after accepting it? Taste then the Penalty for rejecting
Faith." But those whose faces will be (lit with) white--They
will be in (the Light Of) Allah's mercy; therin to dwell
(forever).
Translation by Abdullah Yusuf Ali.Published by Amana Corporation
Brentwood, Maryland, U.S.A
Al-e-Imran(105-107)
News .........................................................................
2. Islamic Finance ....................................... from Art Chimes/VOA
from
Art Chimes/VOA
Islamic Finance
DATE=1/17/97
TYPE=BACKGROUND REPORT
NUMBER=5-35459
TITLE=ISLAMIC FINANCE
BYLINE=ART CHIMES
DATELINE=WASHINGTON
Intro: The Muslim holy month of Ramadan is a time for prayer and
reflection on the obligations of Islam. Some of those duties are
specific to Ramadan, such as the daily fast. Others apply year-round,
like the rules against the borrowing or lending of money for interest.
VOA Art Chimes reports how financial institutions are emerging to serve
the America's growing Muslim community.
Text: Borrowing money is a deeply ingrained part of American life. That
may be why Islamic financial institutions are only now, and slowly,
entering the market to serve the country's estimated five million
Muslims.
Traditional American banking institutions are heavily dependent on
interest-related transactions. Manzoor Ghori explains the problem.
// Ghori actuality //
The system of banking is based on interest, and Islam prohibits
interest, so we have a dilemma for the Muslim community here. There's an
injunction in the quran which clearly prohibits dealing with interest,
and for the Muslims who are living in the United States it is very
difficult to deal with that, because everybody wants to have at least a
home for the family.
// end actuality //
Mr. Ghori heads the ameen housing cooperative in california, which
arranges financing for Muslim home-buyers near San Francisco.
Ameen is pioneering here a system developed in Canada, in which members
buy shares in the co-op. Once they have bought enough shares, equivalent
to about one-third of the cost of the house, the co-op buys a home for
them to live in. They pay rent for the house, part of which goes to
other members as a return on their investment, and part is used to
increase their stake (equity) in the house. Although they make a larger
down payment than most American homebuyers, they will own their home
much sooner than the typical 30 years in a conventional U.S. mortgage.
// Ghori actuality //
Based on our experience, within five to six years most of the people who
are serious about buying the home, they will get the home.
// end actuality //
The Ameen housing cooperative is a new venture. They started in business
only last may, and have just 90 members.
A more established institution consistent with Islamic principles is
Amana Mutual Funds. It offers two portfolios that invest mainly in
corporate stock. They avoid companies in certain industries. But in the
complex corporate world the decisions can be difficult. Amana president
Nick Kaiser says they decided not to invest in a supermarket company
called Albertson's because it sold beer and wine in its stores.
// Kaiser actuality //
At the same time we were looking at an airline stock -- Southwest
Airlines. They're in the business of transportation, but they
occasionally serve people that want to drink on the aircraft a drink.
The question was, what business where they in? They were in the business
of transportation, they were not in the business of serving drinks. That
was not the material issue.
// end actuality //
Mr. Kaiser's amana funds did not earn as much money as many other mutual
funds last year. And mr. Kaiser concedes that adherence to Islamic
investing principles does have a performance penalty.
// opt Kaiser actuality //
I think they probably do. We are limited. From our research it's only
about half the eligible securities that we can then look further into
buying as good investments. For instance, the last couple of years
financial stocks, banks, have done very well. And we haven't been able
to partake in that sector of the economy.
// end actuality //
Not every American Muslim strictly adheres to the principles of Islamic
finance. But it is a fast-growing community, and that spells opportunity
for financial service provides. One banker in the washington area told
me that his institution -- a conventional, interest-based bank -- is
exploring setting up a special unit to serve the needs of his Muslim
customers.
3. Headlines This Week ......................................... from AlAkhbar
from
AlAkhbar
Headlines This Week
*** More than 25,000 Hamas supporters turned out today, Friday, for the
Engineer, Yahya Ayyash, memorial rally in a sports stadium in the West
Bank town of Nablus.
*** In Jerusalem, thousands of Israeli troops patrolled near Al-Aqsa and
Dome of the Rock mosques at the start of the Muslim holy month of
Ramadan, a day after two bombs in Tel Aviv wounded 13 people.
*** Hamas Bloc sets up the council at Najah University.
*** Palestinian Authority bans Assabeel and Filasteen Al-Muslima.
*** Syrian Bus Bombing is Israeli Made.
*** Dr. Turabi Accuses Britian of Instablising Sudan.
*** Yahya Ayash Anniversary honored in the Arab World: Amman, Beirut,
Syria, Nablus, Beirzeit, etc.
*** Chirac calls for banning Islamic dress
*** New initiative proposed for Afghanistan by Turkey, Pakistan & Iran.
*** Bomb blast in Lahore Pakistan kills leader of Sipah-e-Sahaba,
Farooqui.
4. Deal on Hebron: ............................................. from AlAkhbar
from
AlAkhbar
Deal on Hebron:
After more than year of delay, Netanyahu and Arafat closed a deal
yesterday after a 90-minute session to redeploy Israeli forces from
Hebron city. The accord includes a nine-page protocol on the Israeli
troop redeployment from 4/5 of Hebron. 1/5 is left to some 400 Jewish
settlers including 250 students from near-by settlement. Palestinian
population in the city is 160,000. Some key points of the accord are:
-- Ibrahimi Mosque, referred to as "Prophets Grave Site" by the accord,
will remain under the Israeli control.
-- Palestinian Authority will consider extraditing Palestinians accused
of killing Israelis to territories occupied by Israel.
-- Palestinians promise to strengthen security cooperation, prevent
incitement and hostile propaganda, and apprehend and punish
"terrorists".
Articles .....................................................................
5. Hebron Partitioned ..................................... from MER Editorial
from
MER Editorial
Hebron Partitioned
ISRAELI OCCUPATION OF HEBRON NOW "LEGITIMIZED"
It didn't take long. The morning after the "agreement" on Hebron the
WASHINGTON POST maps show the "Jewish Area" of Hebron clearly marked and
delineated. In the name of "peace" and "withdrawal" Yasser Arafat has
agreed to legitimize the concept of settlements not only on Palestinian
land occupied in 1967 but right in the very heart of Palestinian
communities. (The reality of course is that Arafat has been forced into
this most recent agreement having totally capitulated in the past to the
U.S. and Israel which now supply all his money, guns, and protection --
hence Edward Said's actual use of the term "collaborator" to describe
Arafat).
It's a made for TV "peace" of course The political leaders say "booh"
[..] and the press jumps and parrots their every word, largely oblivious
to reality. In this particular case the new deal is so fragile and so
duplicitous that both Arafat and Netahyahu were mostly silent in front
of the cameras, letting Dennis Ross for the Americans proclaim the great
accomplishment and tell everyone how tired he is.
In the "fine details" one finds that there will be far more Israeli army
troops in Hebron than Palestinian "police" -- not to mention that all of
Hebron will be encircled by Israeli-manned machine-guns and tanks. And
oh, on the map, one finds (imagine that!) that the Ibrahimi Mosque and
Tomb of the Patriarch, as well as most of the Arab market that is the
life-blood of Hebron, fall in the Israeli zone. There are even going to
be separate sides of Shohada Street for Jews and Palestinians! Godfather
Abraham surely must be uncontrollably weeping over what has happened to
his household.
Indeed, the restrictions on the Palestinian "police" are quite amazing
and altogether unprecedented. As summarized by the New York Times the
morning after the post-midnight deal, the "agreement authorizes the
Palestinians up to 400 policemen, equipped with 20 vehicles and armed
with 200 pictols and 100 files 'for the protection' of police
stations... The riles will be locked in the police stations [far from
the Jewish areas - ed], and only special units of police will be allowed
to take rifles out of the stations, and only after notifying the
Israelis. There will be two such special units of 16 men each.].
It was fitting indeed that it was King Hussein of Jordan who delighted
in turning the last few screws in this latest chapter of Palestinian
demise. His Hashemite forebearers began collaborating big time with the
Israelies back in the 1940s so as to undermine Palestinian nationalism
and promote joint Hashemite/Zionist dominance of the area.
Furthermore, of course, this is really not a new agreement at all -- its
just that they have to celebrate something rather than admit the
realities of the predicament they have created in the past generation.
This agreement was already celebrated at Oslo, then in Washington, then
in Cairo, and then in Washington again. And then those past agreements
were nullified and a new even more contentious and disengenuous one
substituted in its place. Its vital it seems -- indeed its in the
American national interest no doubt -- for public opinion to be somewhat
mollified by another round of applause for the politicians who are so
desperately attempting to keep their fingers poked in the political dike
which is constantly threatening to unleash its torrent of pent-up
despair and hatred.
The realities are that this path of the moment is neither leading to a
just peace nor to a lasting agreement. Netanyahu knows as much...and
knows as well that he now can soon get away with reacting brutally to
the violence surely ahead, twisting the last ounces of hope from the
Palestinian consciousness.
The actual realities of this moment are that what is in effect the
partition of Hebron is another step on the road to a Mid-East Apartheid
which is providing the seeds for considerable violence to come and may
even be leading to a Mid-East nuclear conflagration in the lifetime of
those who today sign such duplicitous and self-serving deals of the
moment.
6. Kashmir: Indian Atrocities ...................................... from KRIS
from
KRIS
Kashmir: Indian Atrocities
ATROCITIES BY INDIAN SECURITY FORCES IN INDIAN OCCUPIED KASHMIR
HUMAN SUFFERING
1. Killed - 44856
2. Wounded - 28571
3. Burnt Alive - School Children - 466
4. Burnt Alive - Other - 619
5. Dead Bodies recovered from River Jhelum - 539
6. Raped (Between age 7-70) - 4572
7. Sexually Incapacitated through torture - 6611
8. Disabled for life - 36446
9. Missing or gone into hiding - 93193
10. Forced to leave homes - 45901
SOURCES
-------
1. Amnesty International, London.
2. Asia Watch, New York.
3. UN Committee on Human Right Abuses, New York.
4. Voice of America (VDA), Washington.
5. British Boradcasting Corporation (BBC), London.
6. Voice of Germany (VOG), Bonn.
7. All India Radio, Delhi.
8. International Commission of Jurists, Geneva.
For latest news from Kashmir see:
http://www.ummah.org.uk/exposeindia/kashnews.html
Announcements ................................................................
7. MSA East Zone Conf '97 .............................. from H Tahir N Khwaja
from
H Tahir N Khwaja
MSA East Zone Conf '97
Date: March 28-30, 1997
Where: Tyson's Westpark Hotel, 8401 Westpark Drive (Route 7 West)
McLean, VA 22102 (outside of Washington DC) (703)-821-8872
Cost: $55 (includes food/lodging/transportation
from airport and other accomodations)
*all payment on-site
The conference will be three days of sessions and workshops on aqeedah,
sunnah, and tazkiyah. By Allah's will, the focus will be on knowledge
that is essential for every MSA and every Muslim. Tawhid is the
foundation of Islam by which submission is attained; the sunnah is that
way of life through which we can attain obedience to Allah; and all this
should be reflected in the purity of our hearts and our intentions.
Strengthening of these three aspects is a strengthening of our imaan,
our ummah and a means by which to enter jannah, inshaAllah. Speakers
include Ali Al-Tamimi, Abdullah Adhami, and more!
Conference Co-Coordinators:
Br. Asad Ba-Yunus (On-Site) Sr. Iman Badawi (Program)
bayunus@snycorva.cortland.edu badawi@rpi.edu
(607)-771-1019
Onsite/Hospitality- Intisar Rabb- rabbia@gusun.georgetown.edu
Registration- Sara Ahmed- ahmadsm@guvax.acc.georgetown.edu Publicity:
Huma Ahmad- ha4934@cnsvax.albany.edu Security: Faisal Shah-
v067q393@ubvms.cc.buffalo.edu
***** For Travel Information, contact Light Star Travel (703)-237-0002.
(Mention the EZ Conf for special rate)
___________________________________________________________________
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