ThxPORTAL - My OnlinE InvestmenT ProgresS

By Sakina Mohamed This is the first of a two-part series on Grameen Bank, the first in the world that gives out loans to those who live below the poverty line and revolutionised banking worldwide. The first part explains a brief history of the bank as well as its latest updates and efforts, as revealed by its founder during his recent visit to Malaysia. KUALA LUMPUR, Dec 29 (Bernama) -- Who has heard the story of a bank that has loaned over USD10 billion to the poor without collateral, yet has a repayment rate of over...

Who doesn't like the fresh start of a new year? A clean slate and an optimistic outlook make January 1 a magical time. The only problem is that every year we vow to take care of our finances, but we ultimately get sidetracked with excuses. But this year will be different, and to help, here are some smart money moves for the New Year. Review the previous yearWhat better place to begin a new year than to reflect upon the past? Take a look at last year's budget, identify the good and bad money moves you...

STANDARD Chartered Plc and Bank Islam Malaysia Bhd plan to offer Shariah-compliant derivatives in Malaysia that will allow investors to hedge against interest rates and commodity prices.Standard Chartered, the U.K. bank that earns most of its profit from emerging markets, will begin selling contracts in the first quarter that provide protection from fluctuations in the cost of items such as rice and oil, according to an e-mailed reply to questions yesterday. Bank Islam Malaysia, the country’s oldest Islamic lender, will...

Amanah Saham Bumiputera (ASB) unitholders will receive a dividend of 7.50 sen per unit for the financial year ending Dec 31, 2010 compared with 7.30 sen declared last year.The 7.04 million unitholders who currently hold more than 82.72 billion ASB units will also receive a bonus of 1.25 sen, similar to last year.Permodalan Nasional Bhd (PNB) Chairman Tan Sri Ahmad Sarji Abdul Hamid said the income distribution portion involved a total payout of RM5.93 billion while the bonus portion RM603.34 million.Up to last Friday,...

Thursday, December 16, 2010From Bloomberg: Visa Inc. and MasterCard Inc. plunged more than 12% in New York trading after the Federal Reserve Board proposed rules that may slash debit-card interchange fees by 90%.The new rules, posted today by the Fed on its website, may aid retailers and cut profit for lenders who reaped about $15 billion from such charges last year. Terms outlined by the Fed include a plan with caps of 12 cents per transaction. The fees currently average about 1%.The result could be an 80% to 90% drop...

The Story of the Sukus and the Tukusgold coinsThere were once two neighbouring islands far away in the oceans. One was called Aya and the other Baya. A certain people called the Sukus lived on the island of Aya . It was a fertile island with lush vegetation and tropical fruits. There were numerous waterfalls and rivers that provided the people with clean water and places for family retreats and recreation. The surrounding seas were unpolluted, with abundant fish and other seafood. The island also had gold and the Sukus, particularly...

By Tengku Noor Shamsiah Tengku AbdullahKUALA LUMPUR, Nov 29 (Bernama) -- The ringgit is expected to touch RM2.20 against the greenback by 2012, following the continued strengthening of the local currency, says Malaysian Investors Association (MIA) president, Datuk Dr P.H.S. Lim."The ringgit, together with other Asian currencies, are getting more spicy and hot caused by further financial problems in the European Union and the slow economic momentum in US," he told Bernama here Monday.Lim said Asian gross domestic product was...

BernamaMonday, November 29th, 2010 19:23:00KUALA LUMPUR: Pelaburan Hartanah Bhd (PHB), a subsidiary of Yayasan Amanah Hartanah Bumiputera, today launched a RM1 billion investment fund to help Bumiputera entrepreneurs own properties.The "Amanah Hartanah Bumiputera" launched by Prime Minister Datuk Seri NajibTun Razak is open to Bumiputera entrepreneurs with an initial investment of only RM500."Under the Syariah-compliant investment scheme,...

This is a repost of an article from June which was written in the wake of the meeting of the Trilateral Commission in Dublin’s Four Seasons Hotel, an important event expertly ignored by our main stream media. In light of last weeks peaceful student protests in Dublin and the disgraceful use of force by the Gardai we are reposting this article, as we feel it contains important information on what is actually occurring in our country and the world at this time. RTE viewers may remember the ‘storming’ of the Dail last...

Leading economists and financial experts say that our economy cannot recover until the too big to fails are broken up. See this and this. The giant banks have been sucking money out of the real economy and making us all poorer. But the government is refusing to even rein in the mega-banks, let alone break them up.One of the too big to fails - JP Morgan - manipulates the silver market. See this, this, this, this and this.According to the National Inflation Association, JP Morgan is “short 30,000 silver contracts representing...

By Terry Coxon, Senior Editor, Casey Research By now you have plenty of reason to congratulate yourself for having boarded the gold bandwagon. The early tickets are the cheap ones, and you’ve already had quite a ride. The best of the ride, I believe, is yet to come, and it should be very good indeed. It should be so much fun that your wallet may start to feel a bit giddy – which can be dangerous. So it would be wise to consider, now, how things will be and how they will feel when the current bull market in gold...

THE FTSE Bursa Malaysia Composite Index (FBM KLCI) resumed its prior technical rebounds over the last four trading days. It continued to stay above its critical resistance of 1,450 when it closed at 1,466.97 points yesterday.The FBM KLCI rebounded strong on Monday. The FBM KLCI gapped up at 1,439.26 points before closing at the day's high of 1,456.96, giving a day-on-day gain of 19.18 points, or 1.33 per cent.Share prices on Bursa Malaysia...

The toll in Pakistan's devastating floods rose to 1,752 till now.The floods for the past six weeks have washed away almost everything in its path. Mud and land slides have swept away over 7,000 miles of roads, bridges, schools, hospitals, electricity poles, and contaminated water and food supplies. Many parts of Pakistan are cut off, hampering and frustrating relief efforts. It is the worst flooding in 80 years. A region the size of England...

Abu Bakr ibn Abi Maryam reported that he heard the Messenger of Allah, may Allah bless him and grant him peace, say: "A time is certainly coming over mankind in which there will be nothing [left] which will be of use save a dinar and a dirham."(The Musnad of Imam Ahmad ibn Hanbal)1. History of the Dinar & Dirham2. What are the Islamic Dinar and Dirham3. Using the Dinar and Dirham4. The Importance of Paying Zakat with Dinar & Dirham1. History of the Dinar & DirhamIn the beginning the Muslims used gold and silver by...