GENEVA – The lifting of the Union of Islamic
Organizations in Geneva filed a lawsuit on charges of incitement to racism
against the political right-wing press for publishing an article calling for a
“mass expulsion of Muslims from Switzerland.”

However, the official newspaper editor for publishing the article said in a
report published agency “swissinfo” on Monday he had not seen the article before
its publication, saying that the article “has been withdrawn from the website of
the newspaper even before the issuance of the reactions of others.”

The agency said that the Union of Islamic Organizations in Geneva, comprising of
9 organizations and associations representing Muslim communities living in the
Canton of Geneva, the city filed a complaint with judicial Winterthur, near
Zurich, against the publication of an article written by Associated extremist
political Chmidhauser Philly newspaper “Soiserzait”, mid-November 2009, included
negative opinions about Islam and Muslims.

The lawsuit, filed three weeks before the prosecution of the Chief of the Party
“Democrats Swiss” (far right) in the city of Torgau, which belongs to
Chmidhauser, Director Ulrich Chloer Gazette, a lawmaker from the Swiss People’s
Party (nationalist right), as responsible for editor of the newspaper are
published once every half month, the party made a referendum banning the
construction of minarets in Switzerland last November.

Article published in the fourth page of the paper version of the paper, before
being subsequently withdrawn from its website, titled “Is Islam will bring us
back to the Middle Ages?”, And he dealt with Philly Chmidhauser, what he said
was to “explain the truth of Islam who speaks about Islam from politicians and
journalists without prior knowledge. ”

Chmidhauser was based in his presentation to a number of fence and Quranic
verses that are carefully selected in order to prove Ptooelh private, on “Islam
and Muslims pose a threat to Swiss society if it becomes a large number.”

It ended with the conclusion that “the Koran defines everything in the life of a
Muslim is binding, it is left to me but to resort to mass expulsion of Muslims
(from Switzerland) and only expose the country to destroy and the people in the
way of this return to the era of the Middle Ages”, he says .

Racism
Part of the track Lucia Dahlab – Vice-President of the Union of Islamic
Organizations in Geneva – that it could “disturbing in the comments is that the
author explains that we (Muslims) pose a menace to society, and that if they
have overtaken us, a certain limit must be collectively expelled from
Switzerland .. This that led us to use the laws against racism “in the complaint
filed in court.

She told Lucia: The complaint of the Union relied on Article 261 bis of the
Penal Code, a law “which protects all citizens from violations that relate to
race or religious affiliation or other.”

The author of the article finds that in his view that “citizens should be sorted
in Switzerland, according to their faith and work force belonging to a faith to
leave Switzerland.”

The active Muslim countries that it “is not the first time that the criticism of
Islam in this way in Switzerland”, but said it was “the first time, which is
where the expression of this writing, and such violence.

These developments come in conjunction with the repercussions of the campaign
known to Switzerland last November, and led to a vote of 57.5% of voters in
favor of an initiative launched by right-wing People’s Party to ban the
construction of new minarets in the country.

“Intentional delay”
On the other hand Chloer said he was “not seen the article before its
publication,” and stressed that “withdrawal from the site of the newspaper even
before the issuance of the reactions of others,” also stated that he “did not
know until now the existence of a judicial complaint only through the media.”

But the agency “swissinfo” alluded to the existence of intentional delay in the
lifting of the article, ended up voting campaign on the referendum to ban
minarets, as quoted by Peter Studer – a media expert francs – as saying: What
books Chmidhauser attracted much attention from the media that the Swiss then
addressed the subject at length, pointing out that this concern prompting the
newspaper to withdraw the article from its website, but after the end of the
campaign.

Commenting on the Chloer said: “We have evaluated this article in person that he
is not decent, I was not given the opportunity during the height of the campaign
to vote (the initiative of banning the construction of minarets) that inspected
it and read it before it was published .. but when you release the next issue,
before we get the responses critical of the act, we expressed our disagreement
with the demands contained therein. ”

When asked what he found “inappropriate” in the article Chloer said: “It was
clear to me that this article raised a wide circles, especially the journalistic
community a sense that what is demanded by (ie, the expulsion of Muslims) is
exaggerated, and this is also what they considered exaggerated.”

On the reason behind the withdrawal of the article Mr. Chloer replied: “We did
not notice that it had specific effects on certain circles, but I said that I
personally considered it wrong, even before the issue other reactions in this
regard.”

Santiago (Chile) - The number of victims of the
earthquake and tsunami that struck Chile to more than 700 people on Monday
1/3/2010, after it announced the Chilean coastal town of Konsticion to the
victims and pray for 350 people, while the government is trying to deliver aid
to the survivors, and imposed a curfew to stop looting.

The Chilean government announced that 711 people were killed and they sent ten
thousand troops; to promote a curfew in the affected areas, and an end to
looting by people who desperately need for food and water, after the earthquake
that struck the country last Saturday, with a magnitude of 8.8 degrees, and is
one of the most powerful earthquakes in the world A century ago, according to
Reuters.

The head of Chile’s Michelle Bachelet: "It’s a big disaster .. a growing number
of missing," she said it was sending food and medical aid to some two million
people have the impact of the earthquake.

The earthquake destroyed hundreds of thousands of ruined homes and highways,
bridges, and dealt a heavy blow to the infrastructure in Chile’s largest copper
producer in the world, and one of the most stable economies in Latin America.

The lack of water, food and fuel to exacerbate the plight of hundreds of
thousands who were displaced, and threatens to disrupt the supply of electricity
on a large scale industrial recovery blocking Chile.

And resumed the largest copper mines in Chile, which was affected by the
earthquake operations slowly on Sunday, despite the limited supply of
electricity, which analysts said it could cut exports.

The city Konsticion hit hard by the quake, which lies 500 km south of the
capital Santiago, saw 350 people killed, as well as fears that up to 60 people
were crushed under the rubble of a collapsed apartment block rescue teams worked
through the night to find survivors in which .

Looting
The government imposed a curfew during the night in Konsticion and the Maule, in
an attempt to stop the looting, and the army began to reach the city late at
night.

Police used tear gas and water cannons to disperse a crowd of people who were
transporting food and electrical equipment from a supermarket in the Konsticion.

The Mayor Konsticion: The situation was "out of control" because of the lack of
basic supplies, and called for sending troops to the city.

And started the Santiago airport to receive international flights for the first
time since the quake, officials said that the airport’s runways intact but
damaged passenger hall.

The giant waves swept the earthquake raised some coastal towns and villages near
the epicenter of the quake to demolish homes and forced people to flee to the
hills.

The government had informed the Chileans after the quake, there is no danger of
a tsunami, an error said that it was based on incorrect data from maritime
experts.

The quake triggered a tsunami in areas as far away as Japan and Russia, but
there were no immediate reports of casualties or serious damage.

Abu Dhabi – Dubai police chief Dahi Khalfan Monday 1/3/2010
that all the suspects involved in the killing of Hamas leader Mahmoud Mabhouh in
Dubai last month are in Israel to avoid arrest.

Khalfan said in a press conference in the UAE capital Abu Dhabi on the sidelines
of a security conference: "I am sure that all the suspects were in Israel ..
will not be arrested if they remained in Israel .. but in the end and leave
would be arrested," according to news agency quoted French.


The Dubai Police has revealed previously that 7 of the suspects killed Mabhouh
living in Israel; what may prove increasingly on the involvement of Israel in
the assassination.

In the context of Israel accused of involvement in the process Khalfan said in
remarks quoted by "Gulf" Times on Monday: "This is not surprising to Israel’s
leaders with blood on their hands the blood of others through history" .. He
said that successive Israeli governments, "the governments of bloodshed and
assassinations, wars and occupation and the governments of attacks."

Khalfan said: "The whole world to study the mentality of the Israeli leaders
through history to find the psyches of sick and needs to professors of
psychology analysis and examine what went to the launch of crises brought on
themselves even hatred of others."

The UAE police announced in mid-February, they are sure of the involvement of
Mossad in the assassination of Mabhouh, by 99% "if not 100%", while Hamas said
that the decision to avenge the throaty had been taken, and that the Jewish
state to prepare for it.

Did not deny or confirm Israel has so far claimed responsibility for the
incident, where the Minister of Industry and Commerce, Benjamin Ben-Eliezer,
told Israel Radio: "The assassination failed Mabhouh not .. I do not know who
did it .. I do not know if we are (we assassination) or not. "

27 suspects
In the context of developments in the case said Dubai police chief said more
people carrying a European passport will be added to the list of defendants,
according to the newspaper Arab Emirates.

Khalfan said: "This will bring the killers to the total number of 27 accused
after the addition of a new person", without elaborating on the new identity of
the accused.

Khalfan also said that one of the Palestinians who check them against the
backdrop of the Dubai Police Mabhouh assassination "is actually proven guilty",
while the other Palestinian, "it is under investigation and seized by the Dubai
police in connection with the former was."

The Dubai Police has announced that 26 European, including a woman were involved
in the assassination of the leading Mabhouh last month in a hotel in Dubai, one
day after his arrival to the emirate, according to investigations, 12 involved
the UK and 6 Oerlndein, 3 Frenchmen and Australians as well as 3 till Tyska,
reportedly their passports, in addition to two Palestinians.

Dubai Police also revealed Sunday in a statement posted on its Web site that
forensic reports showed that the killers used Mabhouh article "Colin Sksenil"
drug before Ikhnqoh a way that seems a natural death.

And enjoys Mabhouh Mahmoud, who lived in Syria since 1989, of particular
importance to Israel, which placed him on a hit list since he masterminded the
capture of two Israeli soldiers during the Palestinian uprising in the eighties,
and jailed by Israel several times, and demolished his house in Gaza, bulldozed
to become the first house in sector devastated by the occupation in this way.

Israel made a formal complaint to the Spanish government
which said that some of the material being taught and the topics of
"anti-Semitism and Israel" for the children in Spanish schools, which was denied
by the Madrid, according to the newspaper "Haaretz" Monday 1/3/2010.

The newspaper said that Tel Aviv, Israel filed a complaint to its Spanish
counterpart regarding "the existence of some material and information that is
taught in primary schools include Spanish ideas promote anti-Semitism and
anti-Israel."


The Foreign Ministry summoned the Israeli ambassador to Spain in Tel Aviv,
Alvaro Ieranzo to inform him of the complaint, but the ambassador did not go,
only receipt of the telephone.

The newspaper pointed out that the complaint was forwarded after receiving the
Israeli ambassador in Spain Ravi Schutz, dozens of postcards "anti-Semitism" of
elementary school students Spanish, as described by the Israeli newspaper.

Spain denies
But the Spanish ambassador said that what was in the cards is not part of any
program of the Ministry of Education and Spanish, "but sent comes as an
initiative of ordinary citizens."

Among the phrases that this campaign tag "Jews were murdered for the money" ..
"Let the land to the Palestinians," .. "Any place you go will Iqublkm."

According to an official at the Israeli Foreign Ministry, "the line that these
comments were written, he seems to line children aged six to nine years."

The newspaper quoted the official, who was not named, as saying: "It seems that
there are people anti-Semitism in the primary school pupils are taught Spanish
ideas and anti-Semitic material and Israel."

Widespread criticism
Israel has been at the current government to criticism and widespread
popularity, especially in Europe, after accusations that the Israeli
Intelligence Agency (Mossad) by using stolen passports private citizens
belonging to European countries such as Britain, Germany and Ireland in the
assassination of Hamas leader Mahmoud Mabhouh in Dubai.

, Display, and Israeli Foreign Minister Avigdor Lieberman’s recent criticism and
questions from European counterparts during his visit to Brussels to attend a
meeting of foreign ministers of EU countries, in this regard, according to the
media.

These criticisms were added to the other facing Israel over the war in the Gaza
Strip in the period between December 27, 2008, until January 17, 2009, after a
report that the Human Rights Council of the United Nations that they have killed
at least 1450 Palestinians, including more than 400 children, and committed the
Israel of war crimes.

And lead the parties to a Palestinian and Muslim campaign to boycott Israel in
Europe and other parts of the world, and the activities of this campaign,
"Israeli Apartheid Week," which inaugurated on Monday a public campaign on
behalf of the British "support of Palestine," in the British capital London, and
invites the effectiveness of the boycott of Israeli universities .. According to
the newspaper.

Cairo – Mohamed ElBaradei, left the former Director-General of the
International Atomic Energy Agency and a likely candidate for the presidential
election coming Egyptian Cairo on Sunday 28/2/2010 after a week-long visit
during which he met various political currents, and made several statements,
which adopted a clear position and decisive political issues is an urgent , and
other positions at some other thorny issues, most notably support for the
founding party of the Muslim Brotherhood and the Copts to build churches without
restrictions.

It is scheduled to return to Cairo, ElBaradei after the end of his tour abroad,
the end of March to complete its political activity in Egypt, and to identify
bid to run for presidency or not, as already announced he is considering a run
for the presidency, then said later that his quest is possible to "move orderly
and peaceful to change the constitution. "

ElBaradei - who is seen to be guided by a liberal, secular – and focused
his remarks during his press interviews and television for the primacy of
political reform; the basis of his convictions that the reform of political
system is the starting point for economic and social reform could be
accomplished "with the participation of the people and for the people."

The following is the most prominent political positions, on the basis of
the statements made by the Egyptian media during his time in Cairo:

- "Democratization through constitutional reform is the key for all the reforms,
which is Egypt’s freely elected parliament, a system of accountability and
responsibility and guarantees for freedom of the people and providing job
opportunities and proper planning, control and responsibility, and an
independent judiciary, and the authority of specific operational and control by
the people."

- "Collecting signatures from the people and the organization and popular stops
peacefully to demand to amend articles 76, 77, 88 of the Constitution to abolish
the full judicial supervision and to allow re-election of President of the
Republic for an indefinite duration, as well as limiting the right to run for
president on a few individuals and an input to the drafting of a constitution a
new country. "

- "Call for a socialist based on social justice, and the establishment of a free
trade zone in Rafah to break the siege on Gaza."

Political Reform

ElBaradei and select the 7 steps to achieve political reform as follows:

1 – establish an independent commission made up of people known for their
integrity to oversee the organization of elections to ensure fairness, and the
first steps Declaration establishing a "National Assembly for change" in order
to develop a mechanism to implement the amendments in the current Constitution
and to ensure the integrity of the upcoming elections and a new constitution for
Egypt.

2 – to vote in the elections through identity card (national ID) to ensure the
validity of electoral rolls.

3 – the participation of Egyptians living abroad in the electoral process by
voting in embassies and consulates in the place of residence or its agents.

4 – "Prohibition of the right to stand on members of the executive branch and
that all representatives of the people in the political sphere elected and not
appointed."

5 – "to provide equal space in the media for all candidates, particularly the
national media."

6 – a full judicial supervision undiminished on the electoral process from
beginning to end, the courts should be the main factor and the final say on any
appeals related to the safety and validity of the electoral process.

7 – international supervision by international organizations agreed in advance
between the government and those organizations, as is the custom in all
democratic systems.

Economic reform

With regard to economic reform from the viewpoint of ElBaradei has focused
on the following:

- Raising incomes of individuals; where 42% of the Egyptian people under the
poverty line or less than a dollar a day.

- Dealing with the crisis, which began infested slum in an unprecedented way and
is home to nearly 8 million Egyptians.

- Exportation of agricultural products after making sure that there is a surplus
to attract hard currency.

Social Reform

ElBaradei and select some points with regard to social aspects, namely:

- Development of education to be in line with the developed countries and
upgrading of health services for the ordinary Egyptian citizen.

- Solve the problem of traffic congestion and road accidents and pollution of
water, food and air.

- Attention to the infrastructure of the State which is already eroded.

Thorny issues

With regard to the thorny issues, has adopted controversial ElBaradei
about it biased to the demands of the positions of the parties concerned and
calling its "rights", led by the Muslim Brotherhood and the Coptic minority,
which are as follows:

- To reaffirm its respect for the Egyptian President Hosni Mubarak, calling him
a friend.

- Respect all the treaties concluded between Egypt and Israel.

- The necessity of a just solution to the Palestinian cause.

- The right of the Muslim Brotherhood in the establishment of a political party
with religious referentiality; wondering: How the Constitution prohibits the
establishment of the Muslim Brotherhood party based on religion, which states
that the main source of legislation is Islamic doctrine.

- Freedom to build churches for Christians Without Borders and the nomination of
a Copt for the presidency, as well as women’s running for president, citing the
example of India and the multiplicity of religions there, as Prime Minister of
India, a Sikh, although Sikhs make up 2% of the population.

After a day of clashes between Israeli police and worshipers inside the Al
Aqsa Mosque, Israeli Jewish extremist groups yards maximum on Monday and have to
perform certain religious rituals, in the tightening of security in the campus
of the occupation.

This came at a time when today canceled an emergency session of the Palestinian
Legislative Council about the dangers posed to the city of Jerusalem.

She explained, "Al-Aqsa Foundation for the stop and Heritage" in a statement
obtained by "Islam Online. Net" witnesses spotted into four groups of Jewish
settlers in the morning in the al-Aqsa mosque, through the Gate.

Eyewitnesses reported that "Jewish groups entered the courtyard of the maximum
under heavy guard from the occupation forces, within the groups of foreign
tourists."

According to eyewitnesses, the settlers "who stormed the mosque, who toured the
land, and performed some rites of biblical and Talmudic, punctuated theft
branches of olive trees planted in the yards of the Mosque."

At the same time, try a number of worshipers inside the courtyards of the
maximum blocking Jewish groups and prevent them from entering.

Al-Aqsa Foundation explained that "the faithful who were in the early morning
hours in Al-Aqsa mosque tried to thwart incursions of settlers in Al-Aqsa
Mosque, which led to the occurrence of a limited fight broke out between Israeli
forces and the elderly worshipers near the door of the Moroccans and the terrace
Abu Bakr al-Siddiq."

And renewed its calls for extremist Jewish groups on Monday – for the second day
in a row – to storm Al Aqsa Mosque and praying there on the occasion of the
so-called remote "Purim," Jewish or "Purim".

And called these groups – on Sunday after failing to break into the maximum – to
organize a rally based on the Buraq Square on the west side towards the maximum
through the door of the Moroccans.

Jewish groups and tried to storm Al-Aqsa yesterday, but the presence stationed
and the revolution of the people of Jerusalem have prevented that.

Close and cautious calm

In the same context, IOF continued to impose tight security cordon on the Old
City of Jerusalem and the area around Al Aqsa Mosque.

He said Mohammad Sadiq, Director of the Center, for "Islam Online. Net" that the
Israeli police are still closed all roads leading to the Temple Mount, and do
not allow those under 50 years to enter the Aqsa Mosque.

Sadiq added that "the Israeli checkpoints scattered amid intensive presence of
hundreds of police who are preventing citizens from moving freely within the old
town and around Al-Aqsa Mosque."

In addition, between honest careful that the lull experienced by the city of
Jerusalem in the wake of the clashes that took place between Jerusalem and the
Israeli occupation forces on Sunday.

The approved that "the feelings of Jerusalemites raised, and may attempt to
storm Al-Aqsa for more confrontation with the occupation forces."

Jewish groups and tried to storm the Aqsa yesterday, but the presence of
stationed and the revolution of the people of Jerusalem have prevented that, and
I Clashes between the forces of occupation and Jerusalemites reject to break
into the ceiling, resulting in a Jerusalemite about 20 wounded.

Endemic infection

On the other hand, Israeli sources reported that Israeli security guard was
wounded by a live bullet in the shooting guard against an enclave in the Silwan
neighborhood of Jerusalem.

And media quoted Palestinian and Israeli sources as saying that the Israeli jeep
was driven by one of the guards in charge of guarding the house was taken over
by settlers in Silwan, came under fire last night, wounding a guard was slightly
wounded.

This is the first incident of its kind that occurs when the guards opened fire
at Israelis who are guarding groups of settlements in the occupied city of
Jerusalem.

Disable the legislative session

At a time when the Al-Aqsa Mosque for the successive incursions of the Israeli
police and Jewish extremist groups, has failed the Palestinian Legislative
Council on Monday in his attempt to hold a joint emergency meeting between the
West Bank and Gaza Strip, called for by the President of the Council, Aziz Dweik,
and addressed to all the parliamentary blocs to discuss the Israeli threat to
Jerusalem Islamic holy places and national reconciliation file.

Said Ahmed Bahar, deputy speaker of the Legislative Council, told reporters in
this regard: "The Fatah movement prevented the entry of Dweik and some members
of the Council of the mass of reform and change to the meeting room at the
headquarters of the Ad Hoc Council in Ramallah."

Bahar held a sit-in protest held off the headquarters of the Legislative Council
in Gaza City, Fatah claimed responsibility for the continued suspension of the
Council’s work and to prevent his deputies in the West Bank from entering.

Meanwhile, deputy to the legislature of a new meeting of the Council in Gaza and
Ramallah next Wednesday, stressing the continuing authority of the council until
the holding of legislative elections and recognizes the new functions.

For his part, accused Dweik Mattli emergency meeting of non-interest and
indifference to the question of what is happening in Jerusalem where the
repeated Israeli violations, and said: "It is time to begin real steps to
achieve national reconciliation, especially in light of recent developments in
Jerusalem and the attacks on the Islamic sanctities".

He added: "Article 22 of the Rules of Procedure of the Legislative Council
states that the Council take place at the invitation of the President or at the
request of a quarter of the members of the legislative" .. He stressed that it
did not exceed his constitutional authority.

The launch of the largest body of Islamic loans in the world, promoted by the
Chairman of Albaraka Banking Group, Sheikh Saleh Abdullah Kamel, is scheduled
for several years.

"The main shareholders are united and we expect an imminent launch, 6à in the
next 12 months." 10 shareholders were already involved in the project, said
Sheikh Saleh in April, including the IDB, Saudi Investment Bank and the Kuwait
Real Estate Bank.

According to Dr. Abdi, the "aspirations of capital" are the order of $ 3Mds to
4Mds.

How Islamic finance has she acted during the financial crisis?

Islamic banks have weathered the first shock of the crisis (financial crisis)
because of their non-exposure to structured investment products based on
interest, strictly forbidden by sharia. However, the decline in liquidity on
international markets (including investment banks or Islamic Arcapita as Gulf
Finance House) and the transformation of the financial crisis, economic crisis
has impacted the quality of the assets of Islamic banks and their profitability
. These impacts are however not related to the nature of Islamic banks,
conventional banks since also been impacted.

What are the prospects for 2010 and years to come for Islamic finance?

Islamic finance has continued to grow rapidly in 2009 despite the crisis. The
total assets of the top 500 Islamic banks around the world rose from 639 billion
dollars in 2008 to 822 billion in 2009, an increase of 28.6%. The sukuk market
has also rebounded with a total emission of 23.3 billion dollars in 2009 against
14.9 billion in 2008. At end 2009, total cumulative emissions of sukuk reached
100 billion dollars.

The outlook remains positive for Islamic finance. There is great interest in
some Muslim countries (in Africa and Asia) and non-Muslims (especially in
Europe) to establish Islamic banks or issuing sukuk.

In Africa, how Islamic finance has evolved? Is there a specific role? Stands
does other forms of financing?

In Africa, Islamic finance has seen some developments in recent years in some
countries. Morocco has authorized certain Islamic products in 2007. In 2009, tax
adjustments have been proposed to make these products as competitive as
conventional products. In Tunisia, the Central Bank has granted a banking
license to a universal Islamic bank privately. This bank (Bank Zaytuna) will
start operations during the first half of 2010. The Gambia has issued a series
of sukuk through its central bank, albeit for smaller amounts. Nigeria has put
in place a regulatory framework for Islamic banks, and it seems there is a
project to establish Islamic bank or conversion of conventional banking. In
Kenya and Sudan, Islamic banks have been created.

Some African countries have held conferences to bring experts in Islamic finance
and explore opportunities available to them. In Africa, the Islamic finance
could play the role of a bridge between countries with strong lending and
countries with much-needed investment, including infrastructure and real estate.
Some transactions were made by Gulf Islamic banks in this direction.

Under what conditions Islamic finance could play a role commensurate with its
potential?

Several conditions must be met. Quantifying the request: whether there is
currently a real demand for Islamic finance in Africa. This certainly depends on
the countries and the interest of natural customers (Muslims) or non-Muslim
customers (who could be seduced by the principles of Islamic finance) will
demonstrate for Islamic finance.

Political support: Islamic finance can develop without political support. This
support is evident in some countries, such as those who authorized the
establishment of Islamic banks.

Support from the business community: the English experience in this area has
demonstrated the importance of this support. The conventional bankers can see in
the Islamic finance a strategic opportunity for differentiation, in-banked
markets, for example.

The regulatory and tax adjustments: to allow Islamic banks to operate in a more
comparable with conventional banks (taxation, banking regulations, etc..).

The implementation of corrective actions to reduce the structural weaknesses of
Islamic finance, including differences in interpretation of sharia. In Morocco,
for example, that the Central Bank has set up different types of products and
structures eligible.

A skilled labor more abundant. Some schools and European universities have
launched courses to remedy this deficiency.

Regarding the potential, we believe that Islamic finance could help African
economies to achieve a double objective: to offer customers products which
conform to its needs and expectations, and attracting direct foreign investments
or enter the Sukuk market in s ‘addressed to investors who would not invest in
conventional products.

The allocation of benefits is it defined by the Koran?

No. It is not defined by the Koran. It is simply a contract. When a person comes
to see an Islamic bank, there is an agreement that is signed. This agreement
defines the outset the amount to which each party. Do not forget that this is
not at any time that the company makes a profit. In case of loss, they are also
supported at the height of each shareholding.

It is therefore a risky investment … Indeed. Islamic banks are a financial
risk. They agree to lose unlike other banks. However, we take every precaution
not to happen.

What are these precautions?

We assist our partners in the management of its business contrary to
conventional banks that do not care about the use of loans they make to their
partners. This is not coercion that we do.

We do not interfere or influence or not the management companies. But we’re
coaching. We give the most advice to our partners so that the business is. It is
in everyone’s interest.

Profits generated by the musharaka they sufficient to meet your expenses?

If the fundamentals of management are followed, Islamic banks make more profits
than traditional banks. Islamic banks can, in fact, have almost 50% profit
margins instead of 18% interest rate. It is more profitable.

Can we say in this case that Islamic financial institutions are credible?

Yes. Moreover, thanks to the global financial crisis, it was found that Islamic
banks were not directly affected because they do not work with interest. They
are not speculation. They invest not in known risk areas. These are areas such
as trade in alcohol, drugs or pork which are illegal under Islamic law. We do
not fund such projects.

Does this mean that non-Muslims may not have access to Islamic finance?

Not at all. Côte d’Ivoire is now receiving loans from the Islamic Development
Bank (IDB). Islamic financial institutions are open to all, beyond religious
differences. A Christian, a Jew or any other person may qualify for loans. As
proof, in our structure is in phase constitution, we non-Muslims. We are
providing them loans provided they adhere to the statutes and regulations. In
the contract we sign, we let them know that we can not fund, for example, a farm
pork or liquor.

What means has a structure like yours to control the use of loans?

It is here that the Islamic finance differs from the others. We operate both
inside and outside companies that we fund. Rawda Finance has a study, and
expertise that goes on the ground for that. He goes to meet our partners. It
follows their management and their statements. This allows us to have a say on
what is done with our money.

Islamic finance can it be a solution to the recession that has shaken the
world in 2008?

In light of the information we have on the global financial crisis, we can say
today that Islamic finance is the inevitable solution to the global financial
crisis. Since the financial crisis of 1929 until that of 2008, financial
institutions have always offered the same solutions that produce the same
consequences.

With Islamic finance could offer viable solutions. Tony Blair, former British
Prime Minister, was called for last year that Great Britain is the hub of
Islamic finance. And this country is in the process of becoming. They are
currently setting up academic institutions to train experts in Islamic finance.
This is not accidental. It is an organized state. The United States and France
after the even if it is a bit hesitant.

Is this the case in Côte d’Ivoire?

The current authorities are now more favorable to the implementation of Islamic
finance. The Bid has begun to take root in Côte d’Ivoire in releasing funds for
a major restructuring of the northern motorway.

The financial system, based on real assets, investments and avoids speculative
loans, and where the bank and investors involved in the transaction share risks
and profits, is similar, according to Mr. Birch, the system adopted by the
island at the end of the Napoleonic war.

A system which then had a very successful and has led the island to tax rates
extremely low …. And who could run again for the greatest happiness of the
island.

"If you stand in the middle of St Peter Port, you look at the town market,
docks, and the Elizabeth College, not a penny of interest has been paid to build
these places," he attested.