Money Laundry

 
icon for podpress  money laundry [15:14m]: Play Now | Play in Popup | Download (43)

what is the deal with money laundry, you hear about it all over the place since 9/11. is it a new thing? people didn’t do it before 9/11?? or its been there and people were doing it low profile and they just got exposed. Well to know what Money Laundry is, listen to our show this week and let us know what you think.


The Lost Identity!!!!!!!!!

Ok this is not a title for new movie, nor is it an attention grabber for a new book. This is how I like to, unfortunately, label DUBAI. Yes, you read it right DUBAI.

My private business requires lots of frequent traveling to almost everywhere and today I am in Dubai for the night until early morning then off to China. I had three business meetings and at least two of them were very crucial to the future of my private business. Now someone would assume that two out of the three meetings should be with the locals, but that someone should assume again. Three out of three were with highly regarded Indian businessmen.

Do not jump the gun, I know when it comes to healthy business life a country should give the way to foreign investors to spend their money in its land. However, when that country gives the future of its people to the hands of foreigners without calculating the risk of one day these heavy investors could leave to another country for the simplest reason then I see a problem.

I love Kuwait more than any other, but I have a strong reason to care for Dubai and other GCC countries or cities. When you lose your identity in the name of business, I think you already lost everything with it. The funniest thing was when I was talking to an Australian friend of mine about Dubai two years ago, she told me that she feels more homesick when she goes home (Melbourne, Australia) simply because she sees more people from the Emirates than she does in Dubai.

I hope that Dubai flourish more and more but at the same time preserve the true identity of its history, culture and people.

God bless Dubai and KUWAIT……


In & Out!!!!!!!!!!!!!!!!

Dinar Chat post will focus on a simple mathematical question…. The question is how much money we generate in and how much we spend, give, and donate out?

We would love to hear from you and keep in mind we are interested in actual numbers or figures. We are more interested in your thoughts on our foreign policy and the way we spend our wealth on project inside Kuwait compared to outside.

Hint: Our annual budget is calculated based on US$25 a barrel!!!!!!! Another hint: the Kuwaiti oil is reaching US$65+ a barrel!!!!!

Let us hear from you and discuss our in & out policy.


The Watchdog of Kuwait’s Money Violations

 
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Every year you read something about “????? ????????” and how it reports tons of violations in the governmental spendings…. one of the notes our watchdog “State Audit Bureau of Kuwait” made comments on was the way money is being managed in oil sector and here in Dinar Chat we give some examples of that so stay tuned with us ;)

Links:
1- State Audit Bureau of Kuwait Report on Oil Sector


Follow Up on 6 Nations, 1 Currency

Follow Up post is a new feature from Dinar Chat to our listeners where we follow up on episodes and topics discussed earlier. Our first follow up is about the 6 Nations, 1 Currency episode [audio http://www.box.net/public/static/ildrpexu7s.mp3]

Kuwait Central bank finally agreed to discard the US $ for Currency Basket as the mean to weight the Kuwaiti Dinar. The 6 Nations, 1 Currency episode briefly discussed the benefits of such a move especially since the US economy has fluctuated over the past few years due to some political and internal factors.

Currency Basket is a selected group of currencies whose weighted average is used as a measure of the value or the amount of an obligation. A currency basket functions as a benchmark for regional currency movements - its composition and weighting depends on its purpose. A currency basket is commonly used in contracts as a way of avoiding (or minimizing) the risk of currency fluctuations. The European Currency Unit (which was replaced by the euro) and the Asian Currency Unit are examples of currency baskets.

Adopting the Currency Basket is the right start to have a more secure financial future and pave the way for converting Kuwait into a major business hub and possibly the financial capitol of the region. Dinar Chat and the Chat family would like to hear you take on such a move by commenting and discussing this matter.


Ejarah

 
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A basic introduction to one of the successful Islamic Banking principles was needed in our podcast. We talked about Ejarah and the basic financial theory behind it, listen to us this week to have the arms and legs to deal with Ejarah and see your dollars flying everywhere.ejarah.jpg

for more information
http://www.kfh.com/Fatawa/Tree.asp?ID=312&t=book01


Islamic Banks … Are they really Islamic?

 
icon for podpress  Islamic Banks Are they really Islamic? [14:26m]: Play Now | Play in Popup | Download

islamic financing banking deera chat
We all have this idea that Islamic banks are Islamic! but the Financial Times says they are not??
Why only 5% of their operations are Islamic? why not 100%? and what are the roles of the Islamic banks in our society?
Listen to our podcast this week and let us know what you think

The Article in Al Watan


Women and Money - Part 2

 
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Because of the fact women have a Huge role in the money making business, we decided to do another episode just for them. In this week’s episode you’ll get actual numbers from studies made about how much money women generate in the US compared to men. Anyway listen to us and let us know what you think. Enjoy
women money kuwait dinar deera chat


Women and Money

 
icon for podpress  Women and Money [11:41m]: Play Now | Play in Popup | Download

lots of people think women have very limited options when it comes to money … that’s true in our cultures at least. So how they break out of this stereotype? How can they innovate away from their restrictive cultures?
Listen to our Dinar Chat Podcast for this week and we will give you some options


what if?

if you have 1,000,000 K.D. what kind of investment would you do? stocks? real estate? project? funds? company? and why?
please share with us thoughts