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RF BANKING (Riba-Free Islamic Banking) Towards A Real Riba-Free Life Style Opportunities for Tomorrow: RF BANKING (Riba-Free Islamic Banking) Towards A Real Riba-Free Life Style Opportunities for Tomorrow: Laws of The Land in the West and The Shari’aa Dr. Yahia Abdul-Rahman Founder of The LARIBA System - Since 1987 GIFF – The Royal Award for Islamic Finance Kuala Lumpur, Malaysia – October 27, 2010

Ribbit/Riba – Free Banking in the USA The Laws of the Land The Shari’aa Ribbit/Riba – Free Banking in the USA The Laws of the Land The Shari’aa n The RF Industry: ACHIEVEMENTS – Global Brand Name – Qualified Human Resources – Academic Research and Education – Products and Services – Infrastructure – Abundant CAPITAL

Back To The Future! RIBA/RIBBIT-FREE BANKING FOR ALL Living The Real Riba-Free Life Style Back To The Future! RIBA/RIBBIT-FREE BANKING FOR ALL Living The Real Riba-Free Life Style FORM versus SUBSTANCE RF Banking (Riba/Ribbit-Free “Islamic”): How a Wonderful Judeo-Christian-Islamic Law & Life Style were Reduced to A Set of Documents and Paper Transactions to Make It Look “ Compliant. ” n n The RF Movement Needs to Get Back on Track RF Banking (Riba/Ribbit-Free Banking)

The RF Industry in the 20 th Century The Approach and Mechanics CHANGE The The RF Industry in the 20 th Century The Approach and Mechanics CHANGE The Local Laws and Contracts: Take Existing Products and Services and CHANGE Contracts to Make them Look Islamic…Financial Engineering. Lost In The Translation! “LIEN” was Mistranslated as “RAHN” (Pawn) and Not as RAHN “Implied Co-Ownership” of the Usufruct and Title!

Financial Sukuk Bridge Financier Bridge Financing Facility Holding Company License Investment Manager Investment Management Financial Sukuk Bridge Financier Bridge Financing Facility Holding Company License Investment Manager Investment Management Agreement Land Mortgages Project Manager Appointment Istisna’a Project Manager Project Company Ijāra Purchase Understanding Sale Understanding Issuer Equity Sale Agency Agreement Construction Contracts Contractors Collateral Security Sale Agreements Leases Sukuk Certificates Trust-Agency Agreement

Riba /Ribbit – Free Banking in the USA The Laws of the Land The Riba /Ribbit – Free Banking in the USA The Laws of the Land The Shari’aa n The RF Industry: CHALLENGES – How To Present A True Economic Tangible ADDED VALUE That Can Be Demonstrated – How To Do Away with: Complicated Structures That Lead to Disputes and Lengthy Trials. n Sophisticated Ruses, Circumventions and Financial Engineering That Create Disputes and Government Suspicions n

Riba/Ribbit – Free Banking in the USA The Laws of the Land The Shari’aa Riba/Ribbit – Free Banking in the USA The Laws of the Land The Shari’aa WHAT TO DO? n WE MUST AGREE ON DEFINITION OF RIBA…It Is The Act Of Renting Money! n WE MUST CHANGE OUR APPROACH n WE MUST STRENGTHEN THE FOUNDATION OF THE “RF Finance’ STRUCTURE

Riba/Ribbit – Free Banking in the USA The Laws of the Land The Shari’aa Riba/Ribbit – Free Banking in the USA The Laws of the Land The Shari’aa WHAT TO DO? n WE MUST AGREE ON DEFINITION OF RIBA…It Is The Act Of Renting Money! n WE MUST CHANGE OUR APPROACH n WE MUST STRENGTHEN THE FOUNDATION OF THE “RF Finance’ STRUCTURE

The RF Industry in the 21 st Century A Tested Superior New Approach n The RF Industry in the 21 st Century A Tested Superior New Approach n n n Respect the Body of Human Experience in Finance…It is Judeo-Christian-Islamic Finance for PEOPLE of ALL FAITHS! Start with What is Available, Understand It and Add to It: The LIEN (Imtiaz in Arabic) vs. the PAWN (Rahn in Arabic. ) Demonstrate the Added Value of Using RF: – Marking to Market – Commodity Indexation n Use Existing Simple Contracts with Additions

The RF Industry in the 21 st Century A Tested Superior New Approach n The RF Industry in the 21 st Century A Tested Superior New Approach n n n Respect the Body of Human Experience in Finance…It is Judeo-Christian-Islamic Finance for PEOPLE of ALL FAITHS! Start with What is Available, Understand It and Add to It: The LIEN (Imtiaz in Arabic) vs. the PAWN (Rahn in Arabic. ) Demonstrate the Added Value of Using RF: – Marking to Market – Commodity Indexation n Use Existing Simple Contracts with Additions

THE FINANCIAL MELTDOWN OF 2008 Applying RF Rules - Home Prices in Ounces of THE FINANCIAL MELTDOWN OF 2008 Applying RF Rules - Home Prices in Ounces of Gold Source: LARIBA Research Center

COMMODITY INDEXATION RULE Price of Gold in Terms of Oil An Average of 14 COMMODITY INDEXATION RULE Price of Gold in Terms of Oil An Average of 14 Barrels/Oz Gold

COMMODITY INDEXATION RULE Price of Wheat in Gold COMMODITY INDEXATION RULE Price of Wheat in Gold

The RF Industry in the 21 st Century A Tested Superior New Approach n The RF Industry in the 21 st Century A Tested Superior New Approach n Dispute Settlement: – The System of Arbitration has Resolved Many Business Disputes in the US Using the Principles of the Faith (Jews, Christians and Muslims. ) n Bank Regulators and Auditors: – A Great Human Achievement for Cleansing the System Errors and Improving it. – We Simply Need to Add A Jurisprudence (Shari’aa) Examination to the Regulators’ Safety and Soundness Annual Examination.

LARIBA – RF Banking WE DO NOT RENT MONEY ; WE INVEST IN YOU LARIBA – RF Banking WE DO NOT RENT MONEY ; WE INVEST IN YOU We Answer To A Higher Authority - GOD! WE INVITE YOU TO LIVE WITHOUT RIBA!! Dr. Yahia Abdul-Rahman [email protected] com 626 - 818 - 0855 Or 626 – 449 – 4401 X- O THANK YOU - QUESTIONS PLEASE! www. lariba. com