About Me
- Hussam Ayloush
- Hussam has been a lifelong human rights activist who is passionate about promoting democratic societies, in the US and worldwide, in which all people, including immigrants, workers, minorities, and the poor enjoy freedom, justice, economic justice, respect, and equality. Mr. Ayloush frequently lectures on Islam, media relations, civil rights, hate crimes and international affairs. He has consistently appeared in local, national, and international media. Full biography at: http://hussamayloush.blogspot.com/2006/08/biography-of-hussam-ayloush.html
Monday, April 19, 2010
Wednesday, April 14, 2010
Wednesday, April 07, 2010
Islamic finance bodies have trillion-dollar potential but do you understand it?
April 6, 2010
* Analysis by: GLG Expert Contributor
* Analysis of: Islamic finance bodies have trillion-dollar potential - Moody's
* Published at: www.news.com.au
Summary
ISLAMIC financial bodies, which adhere to religious proscriptions against interest, have a market potential of at least US$5 trillion ($5.43 trillion), Moody's Investors Service said.
Its important to understand that Islamic Finance doesn't necessarily mean a new safe form of financing or investing.
Rather its an alternative source of funding respecting the religious beliefs and values of Islam.
Analysis
Islamic Shari’ah and its Objectives
Shari’ah principles underlying equity investments.
Prohibition of riba (interest). Investors may not deal in equity or monetary transactions involving riba. This includes interest leverage instruments and gearing. Nor may they invest in entities whose primary income is derived from interest (banks). Also prohibited are stocks guaranteeing fixed returns (preference shares).
Gharar (uncertainty accompanied by deceit), excessive speculation and maysir (gambling and leisure).
The business activities of the companies targeted for investment must fall within Shari’ah acceptable parameters.
The net assets of a company targeted for investment must not consist of highly liquid assets (cash; deposits and receivables).
Non-Shari’ah permissible income must not exceed certain specified thresholds.
What is Shari’ah?
Islamic laws are known in Arabic as "shari’ah”, this term includes laws of all aspects of life.
The two primary sources of Shari’ah are:
Al-Quran
Sunnah (prophet Muhammad’s way)
The other sources of shari’ah are:
Ijtihad – making decisions about existing financial issues
Ijma - consensus of the Muslim scholars on Islamic laws
Qiyas - analogical deduction
Uruf – approved custom (not contradicting with shari’ah)
The goals and objectives of shari’ah are important and are based around benefits to the individual and community. The primary rule is that everything in financial transactions is permissible unless there is a text of prohibition and so shari’ah laws function as a protection. This protection provides a real benefit, in terms of facilitating a higher uality form of humanity...
Read more
* Analysis by: GLG Expert Contributor
* Analysis of: Islamic finance bodies have trillion-dollar potential - Moody's
* Published at: www.news.com.au
Summary
ISLAMIC financial bodies, which adhere to religious proscriptions against interest, have a market potential of at least US$5 trillion ($5.43 trillion), Moody's Investors Service said.
Its important to understand that Islamic Finance doesn't necessarily mean a new safe form of financing or investing.
Rather its an alternative source of funding respecting the religious beliefs and values of Islam.
Analysis
Islamic Shari’ah and its Objectives
Shari’ah principles underlying equity investments.
Prohibition of riba (interest). Investors may not deal in equity or monetary transactions involving riba. This includes interest leverage instruments and gearing. Nor may they invest in entities whose primary income is derived from interest (banks). Also prohibited are stocks guaranteeing fixed returns (preference shares).
Gharar (uncertainty accompanied by deceit), excessive speculation and maysir (gambling and leisure).
The business activities of the companies targeted for investment must fall within Shari’ah acceptable parameters.
The net assets of a company targeted for investment must not consist of highly liquid assets (cash; deposits and receivables).
Non-Shari’ah permissible income must not exceed certain specified thresholds.
What is Shari’ah?
Islamic laws are known in Arabic as "shari’ah”, this term includes laws of all aspects of life.
The two primary sources of Shari’ah are:
Al-Quran
Sunnah (prophet Muhammad’s way)
The other sources of shari’ah are:
Ijtihad – making decisions about existing financial issues
Ijma - consensus of the Muslim scholars on Islamic laws
Qiyas - analogical deduction
Uruf – approved custom (not contradicting with shari’ah)
The goals and objectives of shari’ah are important and are based around benefits to the individual and community. The primary rule is that everything in financial transactions is permissible unless there is a text of prohibition and so shari’ah laws function as a protection. This protection provides a real benefit, in terms of facilitating a higher uality form of humanity...
Read more
Video: The Simon Wiesenthal Museum of "Tolerance" Desecrating Mamilla Cemetery in Jerusalem
The US-based Center for Constitutional Rights is petitioning various United Nations offices, of Palestinian families whose ancestors are buried in the Mamila Cemetery.
The cemetery better known as Mamilla, has been a Muslim burial ground since the 7th century, when companions of the Prophet Muhammad were reputedly buried there.
The Simon Wiesenthal Center, a Los Angeles based non-profit association, began to build a Museum of Tolerance on the grounds of the Maaman Allah cemetery in Jerusalem.
It is also houses the remains of soldiers and officials of the Muslim ruler Saladin from the 12th century, as well as generations of important Jerusalem families and notables. The cemetery grounds also contain numerous monuments, structures, and gravestones attesting to its hallowed history, including the ancient Mamilla Pool, which dates back to the Herodian period, or the 1st century B.C.
See:
"Museum of Tolerance" not so tolerant of Muslims nor their graves (including Prophet's Sahabas/companions)
L.A. Times Commentary: Desecrating a Muslim cemetery with a Center for Human Dignity
The cemetery better known as Mamilla, has been a Muslim burial ground since the 7th century, when companions of the Prophet Muhammad were reputedly buried there.
The Simon Wiesenthal Center, a Los Angeles based non-profit association, began to build a Museum of Tolerance on the grounds of the Maaman Allah cemetery in Jerusalem.
It is also houses the remains of soldiers and officials of the Muslim ruler Saladin from the 12th century, as well as generations of important Jerusalem families and notables. The cemetery grounds also contain numerous monuments, structures, and gravestones attesting to its hallowed history, including the ancient Mamilla Pool, which dates back to the Herodian period, or the 1st century B.C.
See:
"Museum of Tolerance" not so tolerant of Muslims nor their graves (including Prophet's Sahabas/companions)
L.A. Times Commentary: Desecrating a Muslim cemetery with a Center for Human Dignity
Tuesday, April 06, 2010
Montana SU Islam In America 2010 Symposium - Keynote Speaker, Hussam Ayloush
The Keynote Speech from the Montana State University "Islam in America" 2010 Symposium, delivered by Hussam Ayloush, the Executive Director of the Council on American-Islamic Relations (CAIR).
Project helps Jewish and Muslim teens cooperate, form friendships
Los Angeles Daily News
By Dana Bartholomew, Staff Writer
04/04/2010
VAN NUYS - Danielle Feuer and July Aye both study hard, share Facebook friends and worship the same God.
But one is Jewish, the other Muslim, working side-by-side among a dozen interfaith teens on Sunday to sort food at a Van Nuys food bank.
"The whole point of our group is to not be confrontational, but to learn about each other and to discuss issues in a friendly way," said Feuer, 16, of Temple Emanuel in Beverly Hills.
"We're not just learning about religions," added Aye, 15, of King Fahad Mosque in Culver City. "We go to each others' houses. We go to each others' places of worship. We go on Facebook."
After six months of praying, meeting, going to the movies and serving to help the poor together, the Teen Interfaith Project of both congregations has formed bonds between faiths at historical odds overseas.
The project - the first known group of its kind in Los Angeles - follows a national "twinning" movement to bring mosques and synagogues together, organizers say.
Both faiths share similarities, including values of required charity. And teens from both have worked to mutually respect their differences...
By Dana Bartholomew, Staff Writer
04/04/2010
VAN NUYS - Danielle Feuer and July Aye both study hard, share Facebook friends and worship the same God.
But one is Jewish, the other Muslim, working side-by-side among a dozen interfaith teens on Sunday to sort food at a Van Nuys food bank.
"The whole point of our group is to not be confrontational, but to learn about each other and to discuss issues in a friendly way," said Feuer, 16, of Temple Emanuel in Beverly Hills.
"We're not just learning about religions," added Aye, 15, of King Fahad Mosque in Culver City. "We go to each others' houses. We go to each others' places of worship. We go on Facebook."
After six months of praying, meeting, going to the movies and serving to help the poor together, the Teen Interfaith Project of both congregations has formed bonds between faiths at historical odds overseas.
The project - the first known group of its kind in Los Angeles - follows a national "twinning" movement to bring mosques and synagogues together, organizers say.
Both faiths share similarities, including values of required charity. And teens from both have worked to mutually respect their differences...
Turkey launches Arabic language channel
Today's Zaman
April 6, 2010
The state-run Turkish Radio and Television Corporation (TRT) launched a new Arabic-language channel on Sunday, a move that Prime Minister Recep Tayyip Erdoğan has hailed as a landmark in uniting the Turkish and Arab peoples...
“We have a mutual history and culture, and more importantly, we are members of a mutual civilization. We share a past on these lands. You should also know that our future is one, too,” Erdoğan said.
The new channel will broadcast in Arabic around the clock and is expected to reach 350 million people throughout the Arab world. Most of the programs will be presented by native Arabic speakers. According to the channel’s editorial policy, they will address the ethnic, linguistic and cultural diversity of the region...
“Nobody has had the power to separate bothers,” he added. “Even though we have turned our face to the West, we never turned our backs to the East.”
The prime minister also talked about the disasters in Haiti, Chile and Palestine.
“As Gaza burns and dark clouds form over Jerusalem, we can’t stay mute,” he said...
Read full story at:
http://www.todayszaman.com/tz-web/news-206532-100-state-run-trt-launches-arabic-language-channel.html
April 6, 2010
The state-run Turkish Radio and Television Corporation (TRT) launched a new Arabic-language channel on Sunday, a move that Prime Minister Recep Tayyip Erdoğan has hailed as a landmark in uniting the Turkish and Arab peoples...
“We have a mutual history and culture, and more importantly, we are members of a mutual civilization. We share a past on these lands. You should also know that our future is one, too,” Erdoğan said.
The new channel will broadcast in Arabic around the clock and is expected to reach 350 million people throughout the Arab world. Most of the programs will be presented by native Arabic speakers. According to the channel’s editorial policy, they will address the ethnic, linguistic and cultural diversity of the region...
“Nobody has had the power to separate bothers,” he added. “Even though we have turned our face to the West, we never turned our backs to the East.”
The prime minister also talked about the disasters in Haiti, Chile and Palestine.
“As Gaza burns and dark clouds form over Jerusalem, we can’t stay mute,” he said...
Read full story at:
http://www.todayszaman.com/tz-web/news-206532-100-state-run-trt-launches-arabic-language-channel.html
Monday, April 05, 2010
"Collateral Murder" - A Must Watch video from WikiLeaks
WikiLeaks has released a classified US military video depicting the indiscriminate slaying of over a dozen people in the Iraqi suburb of New Baghdad -- including two Reuters news staff.
Reuters has been trying to obtain the video through the Freedom of Information Act, without success since the time of the attack. The video, shot from an Apache helicopter gun-site, clearly shows the unprovoked slaying of a wounded Reuters employee and his rescuers. Two young children involved in the rescue were also seriously wounded. [Even those who tried to help the wounded were killed with no reason]
Reuters has been trying to obtain the video through the Freedom of Information Act, without success since the time of the attack. The video, shot from an Apache helicopter gun-site, clearly shows the unprovoked slaying of a wounded Reuters employee and his rescuers. Two young children involved in the rescue were also seriously wounded. [Even those who tried to help the wounded were killed with no reason]
BusinessWeek: End Israel’s U.S. Allowance So Both Can Gain: Celestine Bohlen
End Israel’s U.S. Allowance So Both Can Gain
March 30, 2010
BusinessWeek
Commentary by Celestine Bohlen
March 31 (Bloomberg) -- The crisis in U.S.-Israeli relations isn’t going away. If anything, it keeps getting worse, precisely because it has exposed and crystallized a gap between the goals, expectations and even the national interests of these old allies...
The advantages for the U.S. are obvious: It would save money at a time when the federal debt is zooming out of sight. The sums aren’t great -- a drop compared with the $1.4 trillion budget deficit in fiscal 2009 -- but it would take some of the sting out of Israel’s stubborn opposition to U.S. policies.
Severing the financial links could also correct the perception that the U.S., as Israel’s patron, can’t be an honest broker in the Middle East.
That assumption, widely held in the Arab world, was put on the record by General David Petraeus, head of the U.S. military’s Central Command, when he told the U.S. Congress that the festering Israeli-Palestinian conflict “foments anti- American sentiment due to a perception of U.S. favoritism toward Israel.”
Similar words have been used by James L. Jones, the U.S. national security adviser, and Defense Secretary Robert Gates.
The message is clear: Failure to reach a peace agreement with the Palestinians isn’t just about Israel anymore. It’s about U.S. national-security interests...
March 30, 2010
BusinessWeek
Commentary by Celestine Bohlen
March 31 (Bloomberg) -- The crisis in U.S.-Israeli relations isn’t going away. If anything, it keeps getting worse, precisely because it has exposed and crystallized a gap between the goals, expectations and even the national interests of these old allies...
The advantages for the U.S. are obvious: It would save money at a time when the federal debt is zooming out of sight. The sums aren’t great -- a drop compared with the $1.4 trillion budget deficit in fiscal 2009 -- but it would take some of the sting out of Israel’s stubborn opposition to U.S. policies.
Severing the financial links could also correct the perception that the U.S., as Israel’s patron, can’t be an honest broker in the Middle East.
That assumption, widely held in the Arab world, was put on the record by General David Petraeus, head of the U.S. military’s Central Command, when he told the U.S. Congress that the festering Israeli-Palestinian conflict “foments anti- American sentiment due to a perception of U.S. favoritism toward Israel.”
Similar words have been used by James L. Jones, the U.S. national security adviser, and Defense Secretary Robert Gates.
The message is clear: Failure to reach a peace agreement with the Palestinians isn’t just about Israel anymore. It’s about U.S. national-security interests...
Ayloush on Aljazeera commenting on new radio station, One Legacy
CAIR-Los Angeles Executive Director Hussam Ayloush discussed the importance of having Muslim media outlets to accurately inform audiences about Islam and issues of importance to American Muslims
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