Money Rant

By Max Wright

 A particular home purchase loan plan was offered by a few biggest banking institutions in January to attract fresh accommodation buyers. Those schemes propose lower interest rates, but soon their term will expire and banks are settling now about their expansion. They offer immutable fee of eight percent to persons with excellent and nice credit rate for the period of five years. Bad credit individuals are suggested to receive 8 percent of fixed fee for the very first year, 9 percent for the second year and the common rate for all the subsequent years. This plan got rather good responses.

The settlement about the period expanding is not gotten yet due to the banks representatives. The solution will be grounded on the opinion of the ALCO about the rate of interest progress. The meeting is intended to be provided in November by the ALCO. Small and medium size enterprises and commercial sections will be observed by SBI for credit activity. That was underlined by banking institutions officials. If they find that the section of small and medium size enterprises and companies is beneficial, the banking institutions can focus on it. The banking institutions will expand home construction loan scheme only if therell be not great increment in commercial segment. Specialists think that it is true.

The banks found really high liquidity in many regions due to SBI chairperson. In case commercial credits would be really required, SBI would not expand home loan scheme. Only the third quarter of October has shown really nice loan demand. The lending demand grown only to 5.6 percent in the period between March and August. The house credit reserve has increased to 45 percent at the similar moment of present year comparing it with the preceding year. The internet home lending payout was grown almost in two times in comparison with previous years. Every year it persists growing.

Reduced fee schemes were launched by the banking institutions in January and August. This increased the number of mortgage lending qualification in several times. Banks representatives say that the scheme can be expanded to January. The other banking institutions have an opportunity to offer the similar schemes till November 30.

Some customers are against changeable fee loans proposed by banks. Thats why debt consolidation mortgage loan becomes one of the main solutions for people with monetary problems. This doesnt prevent banks to receive profit from those persons. They raise the amount of monthly payments when interest rates fall down to manage the sum of their profit. That makes borrowers to look for the other lender with lower interest rate. This is the main cause for banking institutions to diminish their rates of interest and offer cheaper loans to attract consumers. The other types of advances undergo the similar plans. Only the problem is more considerable for mortgage advances, because their tenor is from 15 to 20 years or more. This is also a great issue for experts consideration.

Our firm acts in the field of financing. The basic problem the corporation observes is expanding of a peculiar home purchase loan program. Our firm also tries to propose the lowest rates of interest probable to its customers. The other proposal of the corporation is home construction loan. The firm consultants will provide you with all the required information on the topic.

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Qadr Or Taqdir - God Does Not Lead Astray

By Ibrahim Machiwala

 A very misconception regarding the teachings of the Koran is that it ascribes to God the attributes of leading astray. Nothing could be farther from truth. While al-Hadi, or the One Who guides, is one of the ninety-nine names of God, al-Mudzill, or One Who leads astray, has never been recognized as such. If leading astray were an attribute of God, as guiding certainly is, the name al-Mudzill should have been included in the list of His names, as al-Hadi is. But the Koran which repeatedly says that God’s are all the excellent names, could not ascribe to Him what it has plainly ascribed to the Devil, viz. the leading astray of men. This fact is conclusive so far as the leading astray of men is concerned, but there are several other considerations which confirm it. The sinners’ own confession, as repeatedly mentioned in the Koran is that their great leaders misled them, or that the Devil misled them. Not once do they put forward the excuse that it was God Himself Who misled them: “When they have all come up with one another into it (the fire), the last of them shall say with regard to the foremost of them, Our Lord! These led us astray, so give them a double chastisement of the fire” (7:38), “O woe is me! Would that I had not taken such a one for a friend! Certainly he led me astray from the reminder after it had come to me” (25:28-29), “And none but the guilty led us astray” (26:99), “And they shall say, Our Lord! Surely we obeyed our leaders and our great men, so they led us astray from the path. O our Lord! Give them a double chastisement and curse them with a great curse” (33:67-8), and “And those who disbelieve shall say, Our Lord! Show us those who led us astray from among the jinn and the men that we may trample them under our feet so that they may be of the lowest” (41:29).

Now if God had really led men astray, their best excuse on the day of judgment would have been that they did not deserve to be punished, because it was God Himself Who led them astray. But not once is that excuse advanced, and it is always the guilty leaders, both from among men and jinn, who are denounced by the guilty followers as having misled them. This is another conclusive argument that it is not God Who leads men astray.

In the third place, the Koran is full of statements to the effects that God sends His prophets and grants revelation for the guidance of the people. The general rule laid down with regard to Divine dealing with humanity is thus made clear in the very beginning: “Surely there will come to you a guidance from Me, so whoever follows My guidance, no fear shall come upon them, nor shall they grieve” (2:38).

It is impossible that God, Who is so solicitous for the guidance of man, should Himself lead him astray. Guiding and leading astray are two contradictions, which could not be gathered together in one being. The Koran itself draws attention to this point: “And it is not attributable to God that He should lead people astray after He has sent them a guidance; He even makes clear to them what they should guard against” (9:115). The argument is evident. The Being Who sends guidance to a people could not lead them astray; how, then, could it be ascribed to God that He makes men fall into evil when He sends His messengers to explain to people that they should guard against evil?

Mumtaz Ali Tajddin S. Ali is an popular Ismaili Scholar, He has written many articles on Ismaili Imam, Ismailism, and Encyclopedia of Ismaili.

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