Heroes of Bangladesh ( Must read )

Society Pakistan & World Affairs
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Salaams All

Islamic activists in Bangladesh Dhaka university demonstrated and protested the visit of Professor Yunus winner of the Noble prize. While many Bangladeshis the world over celebrated his award for services rendered. The aware Islamic politicians opposed and exposed him for serving the interests and agenda of the west. Please see the pictures of the brave sons of the soil and Islam protesting. Please forward as widely as possible.

http://www.khilafat.org/newPages/Gallery/galleryView.php?eventID=D001

Hizb ut-Tahrir Bangladesh condemns the arrest its student activists

Press Release

26 Feb, 2007

Hizb ut-Tahrir Bangladesh strongly condemns the arrest of four of its student section activists for distributing leaflets protesting Dr Yunus’s attendance of Dhaka University’s 43rd Convocation

Chief Coordinator and Spokesman of Hizb ut-Tahrir Bangladesh, Mohiuddin Ahmed issued a
statement today (Monday, 26-02-07) strongly condemning the unjustified arrests of four Dhaka
University students of Hizb ut-Tahrir Bangladesh in the morning from the campus site and demanded their immediate release. They were picked up while distributing leaflets that exposed the truth about Yunus, and called on all teachers and students to boycott him from the convocation ceremony.

Mohiuddin Ahmed said that the government, on the one hand, is permitting Yunus to freely undertake political activities during the state of emergency, including issuing open letters to the people. On the other hand they are arresting the students for protesting Yunus’s evil plans to use the University convocation ceremony to propagate his political agenda.

Mohiuddin Ahmed said that Yunus introduced usury based micro-credit financing facility to the poor and destitute, who are suffering the shackles of debt repayments with interest rates higher than any bank in the world (at over 40%). He is now craftily using his undeserved fame to enter politics by floating a new party. Using the opportunity created from the failure of the elections (2007), and announcement of state of emergency, usurious Yunus set out to accomplish his devilish ambition.

Furthermore, he is treacherously colluding with the West to work against the interests of Bangladesh. He has been obsessively propagating the handing over of the country’s strategic Chittagong port, as well as a planned deep sea port, to foreign control. He even went to the extent of wholeheartedly supporting transit rights to India, thereby strengthening India and harming the security of Bangladesh.

Therefore, Dhaka University’s teachers and students must not allow the usurious agent of foreign imperialists, Dr Yunus, to use their prestigious institution to wickedly propagate his new party. The student section of Hizb ut-Tahrir Bangladesh will hold “Black Flag” demonstration tomorrow morning (Wed, 28-02-07) to resist his presence at the convocation.

Mohiuddin Ahmed
Chief Coordinator and Spokesman of Hizb ut-Tahrir Bangladesh

Press Statement

28 Feb, 2007

Hizb ut-Tahrir Bangladesh strongly condemns further arrests of its student section activists for protesting Dr Yunus’ presence in Dhaka University

Student section of Hizb ut-Tahrir Bangladesh held a press conference today (Wed, 28-02-07) which was chaired by Hasan Muhammad Zakariya. In his statement he strongly condemned today’s unjustified police action on activists belonging to the party, which included baton charge and arrests of three students, and he demanded their immediate release. The police action and arrests took place during their ‘Black Flag’ demonstration protesting against Yunus’s presence in Dhaka University.

Despite the past few days’ protest from all quarters of Dhaka University, the authorities decided to keep Yunus as a guest at the 43rd convocation ceremony. Therefore, the students of Hizb ut-Tahrir Bangladesh went ahead with their pre-announced ‘Black Flag’ demonstration outside Curzon Hall.

They were also joined by fifteen graduates who had decided to boycott the ceremony, refusing to take their certificates during his presence.

As soon as the protest began the police launched a brutal full scale attack. Scores of students were injured at their hands and many students’ convocation gowns were torn. The unsatisfied police continued their vicious assault by indiscriminately baton charging from behind as the students regrouped and carried on with their demonstration. The police became more brutal and launched a further attack on the students who were determined to continue protesting with their black flags. They started to arrest the demonstrators in an attempt to disperse them. The remaining students were then forcibly removed from the spot.

In his statement Hasan Muhammad Zakariya said that despite the arrests carried out previously on 26 February, which was a feeble attempt to put fear into the students, they bravely committed themselves in their goal to expose the usurious agent of foreign imperialists, Yunus. Furthermore, there should be no doubt that today’s arrest will also not break their resolve. The dedicated youth of Hizb ut-Tahrir Bangladesh will continue to resist all attempts by Yunus (aka Hamid Karzai of Bangladesh) to establish himself as a player in the country’s political process.

Issued By

Hasan Muhammad Zakariya
Hizb ut-Tahrir Bangladesh Students Section

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Re: Heroes of Bangladesh ( Must read )

A bit of nonsense reaction by students.
++++++++++++++
Dr. Yunus is a role model for those who want to eradicate poverty and his model of financial support, if properly implemented, can help any poor community anywhere in the world.

Transit routes through Bangladesh are beneficial to both the countries and also to Myanmaar.

Aaj Kiss Baat Par Gussa Aaya ??????
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Re: Heroes of Bangladesh ( Must read )

This is a comment about the article and not on the article.

“There is enough sheit! going around the web maligning Muslims , thanks for putting in your bit Showkot.
:)

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Re: Heroes of Bangladesh ( Must read )

Very well said! NOt to forget that his idea of "micro-finance" is helping a lot of people in Bangladesh. Not only that, his idea is quite a popular one in Pakistan as well.
Umer

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Re: Heroes of Bangladesh ( Must read )

Interesting comments guys.

What are your views on his banking policies being based on interest? And what about his other political opinions ? Are they in the best interests of Islam and the national interests?

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Re: Heroes of Bangladesh ( Must read )

In India also some entrepreneurs/banks have started micro finance based on this model and with quite a good success.

Pan India success of this scheme will sound the death knell for hundreds of blood sucking money lenders whose interest rates beat even credit card companies.

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Re: Heroes of Bangladesh ( Must read )

Please clarify:
In Islamic banking system..is there no concept of interest ?. If that's the case then how do banks survive..I don't think that Islamic banking works on not-for-profit principle.

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Re: Heroes of Bangladesh ( Must read )

I don't understand these students.. they are educated individuals.. why can't they comprehend that the techniques by Mr.Yunus is actually benificials for the millions of poor bangladeshis facing exploitation?

I did some research on that guy, and its true what some of the above comments say, his techniques have been applied in other third-world countries and they are working well.. It's pretty obvious to me that these politicians are just using Islam as a political tool (ignoring the country's true interest)... It's in Bangladesh's interest to open up transits for India, Myanmar.. India's economy is growing at a great rate, and the neighbours should see this as a chance to do the same.. not see it as a threat... only then will our subcontinent collectively rise..

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Re: Heroes of Bangladesh ( Must read )

Agreed...

Stupid Students

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Re: Heroes of Bangladesh ( Must read )

Well..i once came across the hadees of prophet(pbuh) that i think in **tirmizi sharif **that :

there are 73 levels of interest...and the lowest (minimum) level of interest is like you done a zina(adultery) with your own mother 33 times..... !!!!!!

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Re: Heroes of Bangladesh ( Must read )

Bank leasing cars and priofit accounts all come in the line of hadees....and in quran it is written..*interse is similar to that you are FIGHTING with allah almighty and his prophet(peace be upon him) *

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Re: Heroes of Bangladesh ( Must read )

so you're saying that the Quran prohibits interests and the general techniques of banking in today's world?

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Re: Heroes of Bangladesh ( Must read )

There are ways to make profits without interest. My father works for a Bahraini bank heavily involved with Islamic banking and from the multi-million dollar profits the bank is making from interest-free banking (and that’s multi-million per deal… it adds up to an aweful lot over a fiscal year)… it’s very profitable.

Search the websites of the major global investment banks and you’ll see that the likes of HSBC, Citigroup, Deutsche Bank, and many other have Islamic banking divisions because they are all desperate to get their share of interest-free banking. These banks all have Islamic scholars carefully reviewing their Islamic banking schemes and setting the rules and conditions they can operate by to be certified as Islamic.

This a bit of a simplification, but the core of profitable Islamic interest based banking is the injunction from Hadith that interest is any loan from which a profit is made

Islamic interest-free banking is focused on finding ways to finance things without anyone paying back more of a loan than they borrowed. It’s about achieving the same end state through a different means.

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Re: Heroes of Bangladesh ( Must read )

Sounds interesting.

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Re: Heroes of Bangladesh ( Must read )

^^^ That's interesting.. I got a few curious questions though..

1) If a bank was operating following islamic interst free banking only, will it still make the same money in the same time ?
2) If all banks in the world offered islamic banking only.. and there wasnt any interest-based banking in the global market, will the system still work in the same way (same profits in the same time)?

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Re: Heroes of Bangladesh ( Must read )

wikipedia on 'Islamic Banking': (sorry i can't post links cuz i dont got 25 posts... :s )

Many Muslims and non Muslims alike have opposed these Islamic banks, claiming that they do deal in interest but merely conceal it through legal tricks. Indeed, from an economic perspective, Islamic banks do compensate and charge for the time value of money, thus paying and receiving what is known in economics as interest. Such people compare Islamic banking to contractum trinius—a legal trick devised by European bankers and merchants during the Middle Ages, designed to facilitate the borrowing of money at a fixed rate of interest (something that the Church fiercely opposed) through combining three different contractual agreements that in and of themselves were not prohibited by the Church. While Islamic law prohibits the collection of interest, it does allow a seller to resell an item at a higher price than it was bought for, as long as there are clearly two transactions.

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Re: Heroes of Bangladesh ( Must read )

This hits the crux of the matter. The Islamic definition of interest (the closest English translation of the specific arabic word “riba”) and the standard economic definition are different.

The Islamic definition of interest, it its most simplistic sense, is very narrow and limits interest to being profiting through a loan by receving more in payback for the loan itself than was lent. Profiting through finance by means other than receiving more in payback for the loan than was lent is fine.

The net effect is that Islamic financing exists to create a financial system that is less tolerant of risk than conventional financing is. Islamic systems are generally less lucrative but lower risk than conventional banking.

Now I’m getting into speculation because my financial and economics cousrses were just the basic ones at university, but I would suspect that if the global banking system followed Islamic banking, you would end up with slower, but more stable economic growth for countries.

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Re: Heroes of Bangladesh ( Must read )

" The net effect is that Islamic financing exists to create a financial system that is less tolerant of risk than conventional financing is." <--- so does that mean that you can't use islamic banking as the only way of banking in all banks? thats how i understand it (im no finance scholar:( ).... in that case.. i guess they shud facilitate islamic banking for the poor ppl everywhere and keep conventional banking for the middle and upper classes..

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Re: Heroes of Bangladesh ( Must read )

That's a good segmentation of banking practices as well as of consumers.
Saheb loan chahiye vaapis karne ki koi guarantee nahin doonga.:D

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Re: Heroes of Bangladesh ( Must read )

Very nice posts by mad-scientists..... i just know the hadees but the minute details can tell only having a deep knowledge of banks,,finance or MBA side person...like mad-scientist.....keep on guys..a very good discussion...

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