Cyprus-Forum.com

[Daniella]

Assuming that Turkey joins the EU in the near future, how will they deal with and conform to our banking and tax system?
How will Turkey to adapt the principles of Islamic banks in the European banking system?

[Me Ed]

Let me apply some European thinking to typical Turkish rhetoric.

There is no chance Turkey will implement the Ankara protocol with nothing in return.

You implement the Ankara Protocol and you make a major step towards joining the EU - thats what you get in return.

Turkey has stated many times open the ports in the North for direct trade/flights and the South will get it's flagged vessels/aircrafts to be allowed why not do a deal?

Again the deal is that you implement the Ankara Protocol and you join the EU.The Cyprus issue is an issue for the Cypriots.

The Ankara protocol is according to the Republic Of Cyprus well Turkey doesn't recognise RoC so why should it implement the protocol.

Stop being foolish, your just cutting of your nose to spite your face in relation to joing the EU.

Maybe EU should of thought about all this before accepting RoC into the EU not crying afterwards please implement the protocol.

Don't be so naive, we are not crying, we are simply trying to help you in your path to joining the EU - take it or leave it.

[Ethem]

Turkey's banks are mainly commercial systems, not islamic...And there are already several islamic banks set up in Europe, with HSBC being one of them...stupid question

[runaway]

Turkey's banks are mainly commercial systems, not islamic...And there are already several islamic banks set up in Europe, with HSBC being one of them...stupid question

Have I told you she was stupid? Fake italiana thinks Türkiye is Iran.

[Daniella]

Turkey's banks are mainly commercial systems, not islamic...And there are already several islamic banks set up in Europe, with HSBC being one of them...stupid question

thanks, for me is enough you admit it

Islamic bank is a big bluff. It is based on the principle that the Qur'an forbids lending at interest. In fact, the holy book does not accept "riba”, usury (interest was not known at the time of the Qur'an!).

Another reason is that the founders of Islamic banks - born 50 years ago - are two basic personality who had little familiarity with the economy. They are Abul A'la Mawdudi (1903-1979) and Sayyid Qutb (1906-1966), an ideologue of the "Muslim Brotherhood"

Having no idea of the contemporary economy, have made a huge mistake, because they have not calculated the inflation, so a loan without interest is always a loss.
After they have developed the theory that there is no interest in a Islamic bank, but sharing.
So at the end of the year you divide the profits of the bank's overall earnings. In reality, the Islamic world has always had to find tricks to repay debts and interest..
In the past there were also strong scandals, particularly in Egypt, subsequently covered by Saudi Arabia, to save the principle of Islamic bank...

[Ethem]

so you're changing the subject slightly because you were proven wrong about "islamic" banks integration in to the EU...but that's ok i will reply to your new point

ok let's answer your point....Islamic banks do not charge interest your right...What they do is trade assets and therefore there is no relevance of inflation....

If you buy a property using a mortgage worth £200,000 today, you mortgage it at a rate of 5% and over 20 years the interest you pay amounts to £180,000 therefore you end up repaying the bank 380,000 with the interest and the initial mortgage amount....

The way islamic banks do it is THEY BUY the property for 200,000 and SELL it to you for the price of 380,000 giving you a loan amount of 380,000 and NO INTEREST....that way the bank still make the same money as any other retail banking corporation...they just find a way around the interest....

so no tricks...I can name you dozens of european banks who have also nearly gone bust...being in the UK, the most relevant are RBS, Lloyds TSB, HBOS, Northern Rock...

daniella, stop making points you clearly have no understanding of...

[vaughanwilliams]

Merkel hosted a meeting in Berlin in which she met with the representatives of Turkish press in Germany on Thursday.

Speaking at the meeting, Merkel said that the Ankara Protocol posed a problem in Turkey's EU membership process.

The Ankara Protocol must be implemented. We have to make progress in this matter. I will visit THE ROC at the beginning of 2011 and try to do what I can on this matter, Merkel said.

http://www.todayszaman.com/news-227884- ... -says.html

1. What has the RoC to do with this? This is an issue between the EU and Turkey.

2. Isn't Merkel straying a little outside her remit as German Chancellor?

[Ethem]

Vaughan, RoC has alot to do with this...a great deal of the problems with the ankara protocol is issues relating to cyprus

She isnt outside her remit, as she hasn't taken any action....she is a politician...which means her job is to talk alot of rubbish and thats what she has done lol

[B25]

The way islamic banks do it is THEY BUY the property for 200,000 and SELL it to you for the price of 380,000 giving you a loan amount of 380,000 and NO INTEREST....that way the bank still make the same money as any other retail banking corporation...they just find a way around the interest....

So they do all this an Allah is fooled into thinking no interest has been charged

Basically you are making a mockory of your own book and you think it's clever to put Daniella down. Typical Turk I say.

[Ethem]

who's you? do I look like an islamic banker? Don't go typical turking me cos you f*cks have nothing intellectual to counter with...

It's not about fooling anyone...the point is Interest is not charged...

And Daniella and yourself are both dumb shits for trying to throw something back at me with dumb ass arguments that I keep disproving...SAY SOMETHING BACK ABOUT MY POINTS WHICH SHOWS YOU HAVE HALF A BRAIN...I dare you