QUOTE(EddyLB @ Jul 6 2012, 06:58 AM)
Wahahaha, at least if I go genting and win money bro lim will pay me for sure. genting big co ma.
But this one paid up capital only rm50k. How to have confidence lah Â
Additional statistics:
Genting Big Co. (paid up capital)
AND
we know its business model is logical and sustainable on how it makes MORE THAN ENOUGH $ to pay its gamblers their winnings (IF they win)
statistical probability of gamblers winning in the long run is less than 45% (depending on games), thus long term-wise, gamblers as a whole, lose VS Genting winsThat's how Genting can afford the cost of operations, expansion and pay out to winners
Ginni wah? er.. take other people's money (OPM) and roll or?
Sorry ar "investors", please help me see the light. I also want 2% per month interest.. whoops, hibah + contractual buy back (or was this changed too?)
BTW, hibah = gift
This is a token given voluntarily by a debtor to a debitor in return for a loan. Hibah usually arises in practice when Islamic banks voluntarily pay their customers a 'gift' on savings account balances, representing a portion of the profit made by using those savings account balances in other activities.
It is important to note that while it appears similar to interest, and may, in effect, have the same outcome, Hibah is a voluntary payment made (or not made) at the bank's discretion, and cannot be 'guaranteed.'{akin to Dividends earned by Shares, however it is not time bound but is at the bank's discretion) However, the opportunity of receiving high Hibah will draw in customers' savings, providing the bank with capital necessary to create its profits; if the ventures are profitable, then some of those profits may be gifted back to its customers as Hibah
from
http://en.wikipedia.org/wiki/Islamic_bankingIs this a bank of some sort?
I'm very worried on the part "...and cannot be 'guaranteed...." + not a bank
This post has been edited by wongmunkeong: Jul 6 2012, 07:11 AM 
Jul 5 2012, 10:00 AM
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