Spanish Pundit (II)

diciembre 28, 2008

Spanish Police against the pro-lifers

Filed under: pro-life,Spain,violence — Nora @ 10:02 pm

You can see the photos in which a pro-lifer is slapped by the police here, among other mistrealments, courtesy of Elentir, Anghara and Nacho.

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diciembre 14, 2008

Zapatero’s laicism

My post on Roots about Spain and the future modification of the Religious Freedom Act. Among other things, it means the equal consideration of Islam and Catholic Church in the name of democracy.

octubre 27, 2008

Más moral que el Alcoyano

Filed under: economy,España,Spain,US,USA,Zapatero — Nora @ 11:53 pm

Es lo que tiene Zapatero después de pedir tantas veces que le admitan en la cumbre de Washington y que le digan que no le admiten. Pero je, España sigue manteniendo que está “convencido de su participación en la cumbre del G-20.

Eso sí, mientras Zapatero va a visitar China y dice que quiere “promocionar las relaciones sino-europeas del futuro. Hmm, qué gran estadista… Ayy, Dios.
******
Zapatero is convinced Spain will take part in the G-20 meeting, even if Condoleeza Rice has already stated the list of countries invited to it is already closed. People from his entourage has repeatedly asked the US administration for a seat in the meeting.
But meanwhile, Zapatero goes to China and states he is there to “promote the Sino-European relations of the future“. Ohhh, yeah… what a great statesman!! G-d….

octubre 24, 2008

Afganistán: situación de guerra

Así lo desvela el último informe al que ha tenido acceso la COPE:
El documento califica de día fuerte para nuestras tropas el pasado doce de octubre. El día de la Fiesta Nacional, el mismo en la que la ministra Carmen Chacón descartaba el envío de más tropas al país asiático, nuestros soldados tuvieron que hacer frente a dos ataques, el más grave supuso trece horas de combate, requirió una importante ayuda aérea y se saldó con unas 40 bajas enemigas.
Todo mientras el Gobierno, según denuncia el diputado popular Arsenio Fernández Mesa, sigue negando la situación bélica que allí se vive.
El informe, en el que consta por escrito el peligro que corren los militares, relata otros tres ataques entre los pasados 10 y 12 de octubre.
La situación en Afganistán ha empeorado de manera alarmante. Además del asesinato de la cooperante al que ya hice referencia aquí porque había ido a predicar el Cristianismo, los talibanes asesinaron a 31 de los 50 que iban en un autobús después de pararlo y hacer que se bajaran. 6 de ellos fueron degollados y la policía ha detenido a cuatro líderes talibanes sospechosos del ataque.
Los problemas de Afganistán pasan precisamente porque no se han mandado tropas suficientes (no ha habido la surge que tan buenos resultados dio en Irak). El Secretario de Defensa Gates las ha pedido insistentemente a los países europeos (la última vez hace pocos días) pero los países europeos no parecen muy dispuestos (ha habido incluso una compañía francesa que se ha negado a ir, después del asesinato de los soldados franceses en Afganistán, información que no ha sido negada así que debe ser verdad).
De modo que a los grandes estrategas militares de Washington no se les ha ocurrido otra idea que aliarse con las milicias tribales a las que van a “entrenar”. A veces lo de “a falta de pan, buenas son tortas“, no sirve, sobre todo si las tortas están envenenadas. Como ya traduje en su momento, en la serie sobre La Conexión centroasiática, una de las cuestiones a tener en cuenta es que se lucha contra los talibanes y la coalición se ha aliado con los señores de la guerra que son los que trafican con el opio del que Afganistán es el primer productor mundial. Al entrenar a las milicias tribales, muchas de ellas aliadas de los talibanes y que viven traficando o cultivando droga para subsistir, no se está realmente solucionando nada. 
En un país en el que más del 50% de la población sobrevive gracias al opio, las posibilidades de ganar una guerra y que el resultado sea el óptimo o al menos uno de los mejores, son muy pocas, sobre todo si no hay tropas que luchen realmente contra los que se dedican a desestabilizar la situación (los hospitales y las escuelas necesitan ser protegidas), si se oculta la verdadera situación de la guerra en Europa y si además, se niega que sea una guerra. Realmente,tenemos un cóctel explosivo que lleva invariablemente a una pregunta: ¿por qué estamos gastando dinero en Afganistán si al paso que vamos no existe probabilidad de ganar? Y no existe no porque los talibanes sean la leche (es legendaria su inutilidad para disparar…, por mucho que esto cause mucha preocupación a un Brigadier británico), si no porque cada vez parece más que no existe voluntad de ganarla: es como si no fuera con los países que han mandado tropas, que (no nos olvidemos) son personas que se juegan la vida por intereses políticos, estratégicos o militares.
Ah, no, espera, que la ONU lo ha santificado y entonces ya nadie se plantea nada más. Mmmm, estamos en el Nirvana, la guerra no existe, Bin Laden es pacífico y yo soy Muhammad Alí, Mmmm. 

octubre 12, 2008

Feliz Día de la Fiesta Nacional

Filed under: España,holidays,politics,Spain — Nora @ 8:34 am

Aunque sea pasado por agua, como dice la previsión metereológica… esperemos que no se suspenda nada del desfile.

Oct. 12th, Spanish National Day. Don’t know for many years, but….

junio 15, 2008

Fighting for a free internet: why is it necessary?

Thanks to Spanish blog Doce Doce, I get to know of this new EU law project, which wants to create a “supposedly-volunteer” census of bloggers, allegedly because “they don’t give true information sometimes” and because “their status is not clear”. Oh, and if you include a video or a photo you have yourself taken, you will have to pay a fee, just to ensure you’re not invading anyone’s privacy… such as public figures’ one. So, anyone considering the money and the blogger’s control as the real reason for this “very-needed-measures“?

The report, which has no legal weight but offers political guidance to Europe’s executive institutions, also calls for the establishment of fees for user-generated content and a clarification of the legal status of weblogs.

In order that existing professional producers of content such as photographers or journalists not be undersold by freely delivered but poorly produced content, the report recommends the payment of fees for use-generated content. In this way, producers or publishers would choose which content to purchase – professional or amateur – not based on which was cheapest, but which was of the highest quality.

The committee found that the increased use of the users own videos and photos on the internet does not always respect the privacy of citizens and public figures, and they believe that legal means need to be provided in order protect those concerns.(Why if someone has seen his/her privacy invaded does not sue the blogger in question? Another case of criminalising ALL bloggers just in case ONE is going against the law… Another interesting question is do Governments respect citizens and public figures’ privacy? Do they really? Are they going to criminalise themselves in ALL their actions just in case ONE of their public servants do not respect their privacy?).

MEPs were also worried that the legal situation of bloggers regarding source protection is unclear, as where liability should be assigned in the event of lawsuits, and recommended that blogs and their authors be taken out of this legal limbo. (
Why? The limbo is not, theologically speaking, Heaven, but it’s better, without doubt, than Hell. Are they sure that they are going to take us out of Limbo to get us to Heaven or are they going to take us directly to Hell? I for myself, just say experiments are not good to be made in real life).

In addition, the deputies want to see a disclosure of interests and the voluntary labelling of weblogs and the establishment of a right to reply to those felt unjustly portrayed in a blog. (
Well, actually you can reply: write your blog and answer the one who is “unjustly portraying” you in a blog. There would be times where that is exactly what it’s needed, there would another times where that’s exactly the contrary, as you’re going to consider as worth of answering any idiot without brains who wants to speak about you. But hey, it’s all about freedom).

The report’s first reading in the plenary of the parliament is expected next month.

Meanwhile, the European Commission has launched an independent study on indicators of media pluralism in member states. It has said it will issue a communication on the subject later this year, to be followed by a public consultation on the topic.

But it is not the only one trying to control bloggers. Pajamas Media has also a very interesting article on the fight for free speech:

In a recent editorial, the NY Times welcomed federal regulation of the Internet under the benign-sounding cause “net neutrality,” warning us that Internet service providers might suppress ideas they do not like. The Times ignores the fact that the First Amendment is designed to protect us against suppression of ideas by the government, not the private sector, which has neither the power nor the motive to suppress ideas. Moreover, as the Las Vegas Review-Journal tells us, “Net neutrality is a solution in search of a problem.” It has not been given a chance to surface, much less an opportunity for the marketplace to fix this hypothetical problem. It is a weak reason to allow the irreversible step of government regulation.

Another party that is uncomfortable with free speech on the Internet is the Orwellianly-named group “Free Press.” They are pushing for the FCC to regulate the Internet similar to the way it regulates broadcast TV, calling for a national (read “government”) broadband policy to regulate price, speed, and availability. They also want the government to provide municipal broadband service to everybody, even though this model has already collapsed in the marketplace.

And of course, the U.N. and its many dictatorships is no fan of free speech on the Internet. Last November, the United Nations’ Internet Governance Forum (IGF) held its second annual meeting with a not-so-hidden agenda for a U.N. takeover of the U.S.’ private sector control of core Internet systems.

It is a sad commentary that the loudest voice against Internet regulation so far seems to be a group called Hands Off the Internet. The group is made-up of special interests — whose special interests happen to coincide with what we should all be fighting for.

So what will happen next? Hmm, difficult thing to say really. But in one way or another, they are going to try to regulate bloggers and freedom of expression. Some would protest, but would it be sufficient?

Will be continued…

*****

Muchos se han hecho eco de ambas noticias, que reproduzco únicamente porque tanto una como otra tienen algo en común: la preocupación de las élites gubernamentales (y los directores de medios…) por los nuevos “panfletos”, que ahora en vez de papel usan códigos binarios, ordenadores y la red para hacer ver qué piensan los ciudadanos. Pero claro el mero hecho de decir cualquier cosa que no gusta a los Gobiernos (y a los dueños de medios de comunicación) hace que los bloggers estén en el punto de mira.

De la primera noticia se hacen eco muchos blogueros: Doce Doce, Elentir, Víctor Gago, Internet Política, Compostela, Manuel Delgado, Persio, entre otros critican la medida que, sin embargo, no es algo nuevo ni en España ni fuera. Es el paso lógico desde el punto de vista europeo, una vez que se aprobó la Directiva de Conservación de Datos Electrónicos y en España, la ley que la transpone. Con ambas normas, cada vez que cualquier persona dentro de la UE se conecta a la red, todos sus datos quedan grabados.

En el Reino Unido, hay planes de que todos los correos electrónicos y llamadas de teléfono que se manden queden grabados para que el Gobierno pueda disponer de ellos supuestamente para investigar casos de terrorismo. Es decir, se confirma que los Gobiernos consideran terroristas potenciales a TODOS los ciudadanos y no a aquellos, que por determinadas características, debieran estar incluidos.

La segunda la trata JJ Noblejas en su blog. Lo más importante del post, aparecido en Pajamas Media, es la historia que traza de Internet y la libertad de expresión y que voy a traducir para todos aquellos que no entienden inglés:

En un reciente editorial, el NYT se congratulaba de la regulación federal de Internet bajo lo que se llama con un nombre que parece benigno “la neutralidad de la red”, advirtiéndonos de que los proveedores de internet podrían suprimir las ideas que no les gusten. The Times ignora el hecho de que la Primera Enmienda está diseñada para protegernos contra la supresión de ideas por el Gobierno, no por el sector privado, que no tiene ni el poder ni los motivos para suprimir ideas.

Además, como Las Vegas Review-Journal nos dice “La neutraldiad de red es una solución en busca de un problema”. No se le ha dado la oportunidad de salir a la superficie, mucho menos una oportunidad para que el mercado arregle el hipotético problema. Es una razón muy frágil para dejar que se produzca el paso irreversible de la regulación gubernamental.

Otro partido que está poco cómodo con la libertad de expresión en Internet es el llamado de modo Orwelliano “Libertad de Prensa“. Están pidiendo al FCC que regule el internet de modo similar a la forma en que se regula la TV y llamando a una política de banda ancha nacional (léase “gubernamental”) para regular precio, velocidad y disponibilidad. También quieren que el Gobierno provea un servicio municipal de banda ancha a todo el mundo, a pesar de que este modelo ha colapsado ya en el mercado.

Y por supuesto, la ONU y sus muchas dictaduras no son tampoco fans de la libertad de opinión en Internet. El pasado noviembre el Foro para el Gobierno de Internet (IGF) mantuvo el segundo encuentro anual con la agenda no tan escondida de una invasión de la ONU sobre el control del sector privado de EEUU de los sistemas centrales de Internet.

Es un triste comentario que la voz más alta contra la regulación de Internet parece ser la de un grupo llamado “Fuera las manos de Internet” (Hands Off the Internet). El grupo es un heterogéneo complejo de intereses especiales -cuyos intereses especiales coinciden con lo que todos deberíamos estar luchando.

La pregunta es ¿todos estamos luchando por esto? Y si hay alguno que no lo hace, ¿por qué?

Desde mi punto de vista, todos estamos obligados a hacerlo. La cuestión ha causado revuelo en la blogosfera, pero no tanto como en principio debería haber causado. ¿Por qué? Al fin y al cabo todos somos bloggers y ninguno quiere que el gobierno le diga lo que debe bloguear. ¿O sí?

Por cierto, buenísima la tira de Microsiervos: da totalmente en el clavo de por qué quieren regular los blogs…

Enlaces complementarios sobre la neutralidad en la red: Manuel Delgado, Enrique Dans.

Continuará…

(+) Por cierto, ¿nadie se acuerda de este proyecto de ley del gobierno Prodi?

—————-
Now playing: Hans Zimmer – King Arthur – All Of Them! (1
via FoxyTunes

junio 2, 2008

The seven islamists imprisoned in A Lama accused of March 11th bombings, ask for help to the prison’s Catholic priest

Los siete islamistas del 11-M presos en A Lama piden ayuda al capellán de la cárcel – Galicia – Faro de Vigo, thanks to Alawen:

The islamists which are imprisoned in the Galician prison of A Lama after being condemned because of the March 11th bombings, which killed 191 and hurt 1824 people, has asked the Catholic Church for help.

The seven imprisoned -sentenced from 12 to 23 years in jail- have interviewed themselves with the prison’s chaplain to try to reach their goals. Their target is to make the priest intercede in their behalf to benefit from pensions, company and ill people’s attention which can only be reached by the Penitentiary Catholic Service, whose boss is the priest. Volunteers of the Catholic Pastoral Service have confirmed the contacts.

Hamid Ahmidan, Abdelmajid Bouchar, Rachid Aglif, Mohamed Bouharrat, Sael el Harrak, Basel Ghalyoun and Mohamed Larbi Ben Sellam, arrived in the end of November 2007 to the Pontevedra’s prison. One of them knew it already, because he spent the time before the process in it, as “preventive imprisoned”. He is Hamid Ahmidan, The Chinese‘s cousin, one of the seven suicide terrorist of Leganés and leader of the criminal organization whose benefits -primarily from the drug trafficking- contributed to the financing of the terrorist attacks.

The seven Islamists are in the same part of the prison and are isolated from the rest of the imprisoned population in individual cells. They only are entitled to four hours in the yard and to two hours to practice sports and study. The rest of the day they are in their cells.

The Islamists’ strategy to resort to the Catholic priests to improve their situation in prison, is not only used in A Lama. They already stated in their conversation with the priest that in the prisons they were before that moment, they had the assistance of Catholic priests.

A Lama’s chaplain, according to the same sources, did not have any problem to speak with them in what they described as a “first contact”, because that is something it’s normally done with the imprisoned guys who apply for it, whether they are Catholic, Muslim or Agnostic.

“The main objective of all the Penitentiary Pastoral is the service and attention to the people who are deprived of freedom of their families, and their accompaniment and integration through workrooms, but that does not mean at all justifying their crimes or motives that could cause their internment in prison”, the responsible of the program stated.

Football let them began to speak in the first meeting. Real Madrid, which had won the Spanish League those days, and the situation of the Barcelona centered the first part of the conversation between the Islamists of the March 11th terrorist attacks and the A Lama’s chaplain.

After that, the imprisoned Islamists got interested in the possibility that the priest interceded for them to get benefits through the Penitentiary Pastoral to have the opportunity of receiving personal mail.

In Spain the packages for the inmates, even if they are duly inspected, before reaching them, cannot be sent by mail and should be given by hand. A job which is done generously by the team of laic volunteers to whom it’s solicited for not having any relatives or because they live far away.

Even if the risk exists of recurring to one of their main enemies, the Catholic Church, to clean their image, the help petitions to Penitentiary Pastoral are something very regular among the elevated number of Muslim inmates (around 200, nearly 80% of all the foreign inmates in A Lama). Most of them are Moroccans or Algerians which are sheltered in their leave days in apartments which belong to the pastoral team.

Father Isaac, the chaplain of the Pontevedra’s prison of A Lama, is cautious when being asked about the contacts maintained and states that this was only the first meeting, that it will be continued. About the fact that this group could have interviewed themselves with an Imam and not with a Catholic priest, he answers that there is freedom of belief inside the prison, “according to the Constitution” and they could have spoken with imams.

The team of the Penitentiary Pastoral provides humanitarian and social help to the people that needs it and applies for it without asking about their religion“, he assures. “It’s a humanitarian service for the inmates. We don’t ask them about their crimes“, he concludes.

As Alawen says in the post, that gave me the tip, what a difference with this.
****
Todos los enlaces están en español y cada uno puede sacar las conclusiones que considere oportunas.

The seven islamists imprisoned at A Lama accused of March 11th bombings, ask for help to the prison’s Catholic priest

Los siete islamistas del 11-M presos en A Lama piden ayuda al capellán de la cárcel – Galicia – Faro de Vigo, thanks to Alawen:

The islamists who are imprisoned in the Galician prison of A Lama after being condemned because of the March 11th bombings, which killed 191 and hurt 1824 people, have asked the Catholic Church for help.

The seven imprisoned -sentenced from 12 to 23 years in jail- have interviewed themselves with the prison’s chaplain to try to reach their goals. Their target is to make the priest intercede in their behalf to benefit from pensions, company and ill people’s attention which can only be reached by the Penitentiary Catholic Service, whose boss is the priest. Volunteers of the Catholic Pastoral Service have confirmed the contacts.

Hamid Ahmidan, Abdelmajid Bouchar, Rachid Aglif, Mohamed Bouharrat, Sael el Harrak, Basel Ghalyoun and Mohamed Larbi Ben Sellam, arrived in the end of November 2007 to the Pontevedra’s prison. One of them knew it already, because he spent the time before the process in it, as “preventive imprisoned”. He is Hamid Ahmidan, The Chinese‘s cousin, one of the seven suicide terrorist of Leganés and leader of the criminal organization whose benefits -primarily from the drug trafficking- contributed to the financing of the terrorist attacks.

The seven Islamists are in the same part of the prison and are isolated from the rest of the imprisoned population in individual cells. They only are entitled to four hours in the yard and to two hours to practice sports and study. The rest of the day they are in their cells.

The Islamists’ strategy to resort to the Catholic priests to improve their situation in prison, is not only used in A Lama. They already stated in their conversation with the priest that in the prisons they were before that moment, they had the assistance of Catholic priests.

A Lama’s chaplain, according to the same sources, did not have any problem to speak with them in what they described as a “first contact”, because that is something it’s normally done with the imprisoned guys who apply for it, whether they are Catholic, Muslim or Agnostic.

“The main objective of all the Penitentiary Pastoral is the service and attention to the people who are deprived of freedom of their families, and their accompaniment and integration through workrooms, but that does not mean at all justifying their crimes or motives that could cause their internment in prison”, the responsible of the program stated.

Football let them began to speak in the first meeting. Real Madrid, which had won the Spanish League those days, and the situation of the Barcelona centered the first part of the conversation between the Islamists of the March 11th terrorist attacks and the A Lama’s chaplain.

After that, the imprisoned Islamists got interested in the possibility that the priest interceded for them to get benefits through the Penitentiary Pastoral to have the opportunity of receiving personal mail.

In Spain the packages for the inmates, even if they are duly inspected, before reaching them, cannot be sent by mail and should be given by hand. A job which is done generously by the team of laic volunteers to whom it’s solicited for not having any relatives or because they live far away. 

Even if the risk exists of recurring to one of their main enemies, the Catholic Church, to clean their image, the help petitions to Penitentiary Pastoral are something very regular among the elevated number of Muslim inmates (around 200, nearly 80% of all the foreign inmates in A Lama). Most of them are Moroccans or Algerians which are sheltered in their leave days in apartments which belong to the pastoral team.

Father Isaac, the chaplain of the Pontevedra’s prison of A Lama, is cautious when being asked about the contacts maintained and states that this was only the first meeting, that it will be continued. About the fact that this group could have interviewed themselves with an Imam and not with a Catholic priest, he answers that there is freedom of belief inside the prison, “according to the Constitution” and they could have spoken with imams.

The team of the Penitentiary Pastoral provides humanitarian and social help to the people that needs it and applies for it without asking about their religion“, he assures. “It’s a humanitarian service for the inmates. We don’t ask them about their crimes“, he concludes.

As Alawen says in the post, that gave me the tip, what a difference with this.
****
Todos los enlaces están en español y cada uno puede sacar las conclusiones que considere oportunas. 

mayo 7, 2008

El ala eztúpida del PEZidente: los medios de comunicación públicos

Filed under: MSM,PEZ,PSOE,Spain,Zapatero — Nora @ 2:33 pm

El post de PEZ de esta semana le corresponde a Caballero ZP:

En la página 39 del programa electoral de los socialistas se dice lo siguiente:

– “El Director General de Televisión Española será designado mediante elección por mayoría cualificada de dos tercios del Congreso de los Diputados y por un período de mandato de 5 años.”

La realidad es bien distinta como podréis imaginar, el Congreso de Ministros de 23 de Abril nombra una Directora General de RTVE sin previa votación ni comunicación al Congreso. Este incumplimiento es justificado por el gobierno creando un Comité de Expertos que se encargará de diseñar la reforma de los medios de comunicación del Estado.

Como podéis observar el incumplimiento es fragante y no cabe justificación de ningún tipo, es mas la creación de un Comité de expertos elegidos y pagados por ellos solo confirma el control que han querido tener del medio para poder manipular la información.

Anteriores posts de PEZ:

El Ministerio de la Juventud.
Las relaciones internacionales de ZP.
El tabloide gubernamental.
La política de defensa.
Agua para todos.
La crisis económica y el pleno empleo.
Defensa de la competencia en el mercado español.

abril 25, 2008

Los productos bancarios "halal" llegan a España

Filed under: economy,empresas,España,finanzas,Islam,Islamism,Islamismo,Spain — Nora @ 3:23 pm
El Confidencial Digital: De todo el artículo quiero destacar lo siguiente:

La responsable del Instituto Halal recuerda que llevan trabajando en este asunto con BanCaja –entidad resultante del acuerdo entre Correos y el Deutsche Bank en España- durante “más de año y medio” y que, actualmente “siguen ello”, haciendo frente a los últimos obstáculos que encuentran para la puesta en marcha de este tipo de servicio bancario. No obstante, Arroyo se muestra optimista cuando asegura en declaraciones a ECD que “antes del verano seguro” que estarán disponibles en España este tipo de productos.

Las cajas de ahorros ofrecen un modelo jurídico más afín a la banca islámica que el que tienen los bancos. La alternativa que barajan en el Instituto Halal es la de reunir a un grupo de inversores y a una entidad financiera en concreto y lanzar una línea de negocio dedicada íntegramente a este sector. Cabe destacar que BanCorreo no ha sido la única entidad interesada en esta nueva línea de negocio.

La Caixa, Banesto o el Banco Santander también habrían mostrado su interés en determinados productos de banca islámica, generalmente en la cuenta de ahorros Halal (el primer producto bancario adaptado a la ley islámica: una cuenta corriente a interés cero que estará homologada por la Junta Islámica).

Y es que poderoso caballero es Don Dinero…

****

I’m translating this article for English-speaking readers:

The arrival at Spanish market of the Islamic banking way has already been given an arrival day. Before this summer, all the people who would like to hire Halal-guaranteed financial products, that is, those who respect the Sharia law’s legal obligations in these matters, would be able to. The main characteristic of the Islamic banking rules is that it does not produce interests or ribaa, because this is forbidden in the Coran, as a form of usury.

It has been already confirmed to El Confidencial Digital by the director of the Halal Institute of the Islamic Council, Isabel Arroyo. It is a business which is already moving between €300,000 and 500,000 millions around the world.

The responsible of the Halal Institute remembers that they have been working in this business with BanCaja -the entity born after an agreement between Spanish Post Service and German Deutsche Bank in Spain- during more than “a year and a half” and that, nowadays, they are continuing with the negotiations, just confronting the last obstacles they are finding to inagurate this kind of banking services. Anyway, arroyo is optimistic and assures, in statements to ECD that “before this summer” this new type of products will be available in Spain.

The savings’ banks offer a much similar juridical system to the Islamic banking system than the Western banking one. The alternative which the Halal Institute is considering is to unite several investors and a concrete financial entity and launch a business line entirely dedicated to this sector. We must underline that BanCorreo has not been the only interested entity in this new business line.

La CaiXa, Banesto o el Banco Santander have also shown their interest in some products of the Islamic banking system, generally the Halal savings account (the first banking product adapted to Islamic law: a current account with zero interests which will be homologued by the Islamic Council), according to the Director of the organization in charge of these certifications. Nevertheless, authorised sources from Santander have denied this statement: “we have not these products, nor we are going to have them”. They warn: “these are rumours which are spread repeteadly over the years”, because their offers are limited to products which fulfill the Spanish legislation: they do not offer any service directed to the believers of any religion in particular.

The Islamic banking system consists of an offer of financial services which fulfills the obligations of the Islamic law included in the Sharia, and which forbids, among other things, the usury and the charge of interests. The entities which are rule by this code, cannot charge interests on loans or give interests to the clients of bank accounts. But this does not mean the capital is not paid or the services are free. Arroyo says that considering the consumer, there is no comparative grievance”, as there is only an agreement between the entity and the client, to respect the principles of the latter. “There is no need to be a Muslim”, she adds.

The client or the investor does not receive any interest, but has a right to a percentage of the benefits and to take part in a possible loss. Islam recognises individual property and is not opposed to the compensation of the capital as a productive factor, or to give the proprietors a part of the generated added value. They don’t have a right to a fixed percentage or, in other words, “money should be generated by other activity, not by other money”, Arroyo adds.

For example, she explains: “we don’t like the concept of overdraft as it is” in reference to loans, as it will imply the existence of interests. To make possible the existence of credit lines, Islamic banking system offers the Ijara, that is a form of leasing used as a substitute of the personal credits to consuming. For examplo, the bank buys a good with the compromise of renting it to a client, who will use it while at the same time, will pay a monthly rent to the bank, who is still the proprietor. When the period to pay it is ended, the good’s property goes to the client.

Another equivalent to the personal credits is the murabaha. In this case, the bank buys a good with the compromise or reselling it to the client, who will pay the cost of the good, plus a benefit to the bank paid in several terms.

Related news:
The UK Governement support for Halal finance is outlined in the Budget -Eurabia in action @ Shariah Finance Watch.
How to live a life being Halal – Muslim Matters discusses how to buy or not to buy a car or a house @ Shariah Finance Watch.
Globalists behind Sharia Banking @ Euro-Med.

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