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Islamic Bank of Britian (IBB)     

johngrinsell - 24 Oct 2004 22:04

Noticed this bank new to the market recentley. any comment would be welcomed

ateeq180 - 30 Mar 2005 13:04 - 114 of 219

sorry Rohimul i my self have been learning the game,but if you look at the likes of Goldfingers posts and jimmyB,they have done some good researches on different companies,and i have learnt a lot from them, in terms of reading there posts and than making my own decisions.Good luck.

Rohimul - 30 Mar 2005 13:06 - 115 of 219

thanx ateeq

Rohimul - 30 Mar 2005 13:09 - 116 of 219

ateeq, whats the website address bro?

ateeq180 - 30 Mar 2005 13:10 - 117 of 219

for what?

Rohimul - 30 Mar 2005 13:12 - 118 of 219

goldfingers, or is that a name of a person, sorry i'm confused a bit?

ateeq180 - 30 Mar 2005 13:20 - 119 of 219

You will notice from the posts its the name of the person.if you check under the stock for mmg and dgm,these are the epic codes for the stocks.check under the codes you will get some insight about goldfingers comments,but always make sure you do your own research before investing,because decision is yours.

Rohimul - 30 Mar 2005 13:26 - 120 of 219

thanx again

Rohimul - 30 Mar 2005 13:29 - 121 of 219

to keep an eye out for goldfinger & jimmyB, every little tip helps!

azhar - 30 Mar 2005 16:00 - 122 of 219

Rohimul - 30 Mar'05 - 12:44 - 110 of 120
so, azhar, you dont think it will go up any futher than 90p

BRO these will go a lot higher in the longeterm than 90p. shortterm there will be profit taking cos ppl are sitting on 300% profits and tend to get twitchy fingers. can't blame them.

Rohimul - 30 Mar 2005 16:03 - 123 of 219

azhar, can you give me any tips on shares, what I need to watch out for etc. It seems you very knowledgeable at this.

stockbunny - 30 Mar 2005 16:09 - 124 of 219

I have to admit I got in and out of these fairly quickly, I also
sold today, it was a good profit margin in a short time, which
is possibly whats happened with others who have sold today as well.

Once it starts to drop you can get further falls as stop-losses trigger
which can make the fall worse and make it look really bad. I'm sure once
the quick profit merchants are out (and I include myself in that) it should
stabilise and then move up again.

Good luck to those still in!
:>)

azhar - 30 Mar 2005 16:37 - 125 of 219

Rohimul keep eye out for TEP (wait for around 150), WLF (good time around now), ZOO (around now), AFG (wait for 6p) Good for next 6 months.

Rohimul - 30 Mar 2005 16:40 - 126 of 219

mg - 30 Mar 2005 17:21 - 127 of 219

Rohimul
It's a bit dangerous to include your work email address, particularly as it is at the Department of Constitutional Affairs, a Government Agency.

It's up to you but I would advise you to edit your post and remove the email link - there may well be several thousand people out there who can start sending you spam and junk mail.

Just a bit of friendly advice ;)

mg

inbsuk - 30 Mar 2005 20:23 - 128 of 219

1- 1.25p target by next week.

Gausie - 30 Mar 2005 20:41 - 129 of 219

azhar

Can you send me some stuff too

email address is mg@thongs-r-us.com

Gausie

woodyAM - 30 Mar 2005 21:53 - 130 of 219

rohimul,

If you liked these then you might like to take a look at Biofuels. They have similarly experienced a lot of momentum partially due to government legislation in the budget. Worth watching as they have dipped and may rise again once the plant is up and running.

Woody

ateeq180 - 30 Mar 2005 22:12 - 131 of 219

looks like we might get another day like today,lots of big buys at the end.

azhar - 30 Mar 2005 22:52 - 132 of 219

Guys don't get carried away and buy just because somebody on any board has tipped them. trust me it doesn't always work. By all means listen, pickup any tips but always do your own research before buying otherwise there is a big chance of loosing a lot of hard earned cash.

azhar - 30 Mar 2005 23:06 - 133 of 219

Thursday March 17, 12:41 PM
Budget - Tax Treatment Changes For Islamic Finance Products

One relatively overlooked item in the Chancellor's Budget was announced changes in legislation relating to the tax treatment of Islamic financial products. After discussions initiated by the Islamic Bank of Britain (LSE: IBB.L - news) - the UK's only Sharia'a compliant bank - Mr Brown has taken on board the need for changes in taxation, including the treatment of profit earned on deposit accounts. In effect, the new measures will put the said products on a level playing field with comparable non-Islamic products.

Islamic deposit accounts are operated under the Sharia'a compliant principle of Musaraba, which is based on a profit sharing arrangement. Customers provide the funds and the bank provides the expertise to use those funds and generate a profit. Such profit is then shared between the bank and its customers.

Until now, income tax has not been withheld from profit paid on Sharia'a compliant savings accounts but has been fully taxable in the hands of a UK customer. The changes will mean that the lower rate tax on 'profits' can be deducted at source, as happens with conventional savings accounts. The result is that some customers, who may currently be required to complete tax returns, won't have to, and it will simplify the process for others.

The changes will also clarify the taxation of profit charged on Islamic financing facilities based on the principle of Murabaha, whereby the bank buys the goods and services and then sells these to the customer at a mark-up, but on deferred payment terms.

The Chancellor's latest announcement builds on changes made by the Government in 2003 relating to Islamic home finance products, which tackled the issue of double stamp duty. The current changes extend the relief for double stamp duty to cover a new Sharia'a compliant property finance product offered in the UK.

http://uk.biz.yahoo.com/050317/22/fefwa.html
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