Installments Programe for any thing ( Xbox 360, PS3 , PC parts, Import services )
- Thread starter Jshak
- Start date
well y aint u remove the intrest and giv installment on original price..say 22k over 5monts..5k down payment..17k equally over 5 months....it will provoke ur profit but will foster gaming over poor gamers...only suggestions..
OMG junaid bhai is that a yes? =O can you PLEAS PLEASE PLEASE PLEASE add PS3? i will pay for it without any problems what so ever =D
try and get these models
http://translate.google.com/transla...ps3-cech.html&rurl=translate.google.com&twu=1
HES CHARGING FOR THE SERVICE NOT INTEREST
and its
BECAUSE OF SEVERAL REASONS
1. Inflation... the xbox u buy today "ON INSTALLMENT" is at a dollar rate of roundabout 85 rs...
if prices go up hes technically losing cash since u never even paid the full amount. and he "gave" u a 360 which is now worth lets saaaaay... 26k for only 21k (just picking a random number based on inflation)
2 RISK::: A. buyer has issues paying back B.Buyer dies... whatever..... u get my point
IF the buyer cant pay it all back... of course he will be expected to return the xbox360 but u realize that USED 360 is WORTH LESS THEN "Dubba Pack" AND WHAT IF THE BUYER RUNS OFF OR MOVES AWAY WITH IT!!!!
AS THE NUMBER OF XBOX 360s he "SELLS on Installment" increases SO WILL THE NUMBER OF PEOPLE WHO screw the SYSTEM.
he Needs SOME KIND of incentive to Recuperate possible losses. and yes their will be losses on the systems that people pay for 2 months then decide.... sorry cant pay anymore.. their might not be many but the fact remains that this will happen.
This is actually an incredible service. and the fact that hes doing it is a BIG DEAL.
U DONT REALIZE how big of a headache this will be for him lol.
U guys Don't Realize the RISKS ARE HUGE!!!! if even 1 guy runs off with an xbox thats 21k - 5k = 16K LOSS!!!!!!!!!
and hes only making what??? 16%? hed have to sell on installment roughly 6-7 xboxes just to recuperate loss of a single piece!!!
I just hope u pick people that can be trusted... probably something like Minimum trader score 20+ or know the guy personally.
To summarize:::: Incredible service, I hope it works out, 16% is reasonable its not that bad at all.
My Suggestion::: have a Discount installment % rate for 4 months as compared to 6 months.... since less risk to u as the seller.
great point umair, which is why i am proposing the strict requirements like age, number of posts and trader rep etc i am sure that will solve the issue but there are still alot of details to iron out anyway ... i am sure jshak will work something out with the person he will deal with to make sure he isn't moving away or anything in the near future
Yaar In my Opinion this is Interest coz jhask is not producing 360's he buys them with his own money and expects to be paid in full plus 16% extra
The Noble Qur'an - Al-Imran 3:130
The Noble Qur'an - Al-Baqarah 275-281
Hadith - Sahih Bukhari, 2.468, Narrated Samura bin Jundab, r.a.
The Noble Qur'an - Al-Imran 3:130
The Noble Qur'an - Al-Baqarah 275-281
Hadith - Sahih Bukhari, 2.468, Narrated Samura bin Jundab, r.a.
oh please!!! dont start off an islamic debate now with all the quotes and stuff !! .... this is what you call a service charge as umair said ... its called interest when you borrow cash ... your not borrowing cash here ! ... the guy is getting you a console and hes investing cash in it so expects a return !! ... get it !? ... plus you dont have to shell out 25k for a console ..you can pay that in breakup parts .. which is pretty awesome! 
...
no mood to start a debate on this ...
and junaid bhai ... nice move !! this is gonna be epic !! .. ps3 here i come !
... no mood to start a debate on this ...
and junaid bhai ... nice move !! this is gonna be epic !! .. ps3 here i come !
Then what's profit?
Anyway, don't bring religion into this. Yes or no. kthnksgoodbye
um........ guys. He is not forcing you to buy. You think this is haram, dont buy. Buy @ full rate at once. A guy must invest his money into the 360s and should expect an even return. Think of it this way. The 360 costs cheaper in one go and a lil' expensive but more affordable/convenient in the other way..... He is merely investing money (capital) and asking for a return on installment. Consider it normal profit. He is not sell aata, dal or channa. He is selling a somewhat luxury good and helping those out who can not afford it. Remember:
THERE IS NO SUCH THING AS A FREE LUNCH
THERE IS NO SUCH THING AS A FREE LUNCH
Damn! This is awesome.My vote YES, and the final result depends on Junaid.
@ Fraud: There are thousand of shops which give electronics on leasing and they are earning successfully but the problem is that, NO CONSOLES.
@ Fraud: There are thousand of shops which give electronics on leasing and they are earning successfully but the problem is that, NO CONSOLES.
Firstly this really isn't a Halaal or Haraam discussion thread... if you don't like it... No one is forcing u to buy anything...
secondly i just want to make a point because i've done ALOT of research on this... THIS IS VERY CLEARLY NOT RIBA(INTEREST) . HERE IS THE PROOF
In accordance with the rules of Shariah, known as Fiqh al-Muamalat (Islamic rules on transactions). The basic principle of Islamic transactions is the sharing of profit and loss and the prohibition of riba (usury). Common terms used in Islamic banking include profit sharing (Mudharabah), safekeeping (Wadiah), joint venture (Musharakah), cost plus (Murabahah), and leasing (Ijarah).
VERY IMPORTANT PLEASE READ
****************************************
Instead of loaning the buyer money to purchase the item, an Islamic merchant might buy the item itself from the seller,
and re-sell it to the buyer at a profit,
(reselling at a profit is of course not haraam)
while allowing the buyer to pay him in installments without any interest.
However, the merchants profit cannot be made explicit and therefore there are no additional penalties for late payment. In order to protect itself against default, the seller/merchant asks for strict collateral. The goods or land is registered to the name of the buyer from the start of the transaction.
**This arrangement is called Murabaha.**
AND HAS BEEN DONE SINCE THE TIME OF THE PROPHET AND THE FIRST CALIPHATE!!!!!!!!!!
(SOURCES INCLUDED AS PROOF)
During the Islamic Golden Age, early forms of proto-capitalism and free markets were present in the Caliphate, where an early market economy and an early form of mercantilism were developed between the 8th-12th centuries, which some refer to as "Islamic capitalism". A vigorous monetary economy was created on the basis of the expanding levels of circulation of a stable, high-value currency (the dinar) and the integration of monetary areas that were previously independent.
A number of innovative concepts and techniques were applied in early Islamic banking, including bills of exchange, the first forms of partnership (mufawada) such as limited partnerships (mudaraba), and the earliest forms of capital (al-mal), capital accumulation (nama al-mal), cheques, promissory notes, trusts, startup companies, transactional accounts, loaning, ledgers and assignments. Organizational enterprises similar to corporations independent from the state also existed in the medieval Islamic world, while the agency institution was also introduced during that time.Many of these early capitalist concepts were adopted and further advanced in medieval Europe from the 13th century onwards.
^ Subhi Y. Labib (1969), "Capitalism in Medieval Islam", The Journal of Economic History 29 , p. 79-96 [81, 83, 85, 90, 93, 96].
^ a b Jairus Banaji (2007), "Islam, the Mediterranean and the rise of capitalism", Historical Materialism 15 , pp. 47–74, Brill Publishers.
^ Timur Kuran (2005), "The Absence of the Corporation in Islamic Law: Origins and Persistence", American Journal of Comparative Law 53, pp. 785–834 [798–9].
^ Subhi Y. Labib (1969), "Capitalism in Medieval Islam", The Journal of Economic History 29 , pp. 79–96 [92–3].
^ Said Amir Arjomand (1999), "The Law, Agency, and Policy in Medieval Islamic Society: Development of the Institutions of Learning from the Tenth to the Fifteenth Century", Comparative Studies in Society and History 41, pp. 263–93. Cambridge University Press.
^ Samir Amin (1978), "The Arab Nation: Some Conclusions and Problems", MERIP Reports 68, pp. 3–14 [8, 13].
secondly i just want to make a point because i've done ALOT of research on this... THIS IS VERY CLEARLY NOT RIBA(INTEREST) . HERE IS THE PROOF
In accordance with the rules of Shariah, known as Fiqh al-Muamalat (Islamic rules on transactions). The basic principle of Islamic transactions is the sharing of profit and loss and the prohibition of riba (usury). Common terms used in Islamic banking include profit sharing (Mudharabah), safekeeping (Wadiah), joint venture (Musharakah), cost plus (Murabahah), and leasing (Ijarah).
VERY IMPORTANT PLEASE READ
****************************************
Instead of loaning the buyer money to purchase the item, an Islamic merchant might buy the item itself from the seller,
and re-sell it to the buyer at a profit,
(reselling at a profit is of course not haraam)
while allowing the buyer to pay him in installments without any interest.
However, the merchants profit cannot be made explicit and therefore there are no additional penalties for late payment. In order to protect itself against default, the seller/merchant asks for strict collateral. The goods or land is registered to the name of the buyer from the start of the transaction.
**This arrangement is called Murabaha.**
AND HAS BEEN DONE SINCE THE TIME OF THE PROPHET AND THE FIRST CALIPHATE!!!!!!!!!!
(SOURCES INCLUDED AS PROOF)
During the Islamic Golden Age, early forms of proto-capitalism and free markets were present in the Caliphate, where an early market economy and an early form of mercantilism were developed between the 8th-12th centuries, which some refer to as "Islamic capitalism". A vigorous monetary economy was created on the basis of the expanding levels of circulation of a stable, high-value currency (the dinar) and the integration of monetary areas that were previously independent.
A number of innovative concepts and techniques were applied in early Islamic banking, including bills of exchange, the first forms of partnership (mufawada) such as limited partnerships (mudaraba), and the earliest forms of capital (al-mal), capital accumulation (nama al-mal), cheques, promissory notes, trusts, startup companies, transactional accounts, loaning, ledgers and assignments. Organizational enterprises similar to corporations independent from the state also existed in the medieval Islamic world, while the agency institution was also introduced during that time.Many of these early capitalist concepts were adopted and further advanced in medieval Europe from the 13th century onwards.
^ Subhi Y. Labib (1969), "Capitalism in Medieval Islam", The Journal of Economic History 29 , p. 79-96 [81, 83, 85, 90, 93, 96].
^ a b Jairus Banaji (2007), "Islam, the Mediterranean and the rise of capitalism", Historical Materialism 15 , pp. 47–74, Brill Publishers.
^ Timur Kuran (2005), "The Absence of the Corporation in Islamic Law: Origins and Persistence", American Journal of Comparative Law 53, pp. 785–834 [798–9].
^ Subhi Y. Labib (1969), "Capitalism in Medieval Islam", The Journal of Economic History 29 , pp. 79–96 [92–3].
^ Said Amir Arjomand (1999), "The Law, Agency, and Policy in Medieval Islamic Society: Development of the Institutions of Learning from the Tenth to the Fifteenth Century", Comparative Studies in Society and History 41, pp. 263–93. Cambridge University Press.
^ Samir Amin (1978), "The Arab Nation: Some Conclusions and Problems", MERIP Reports 68, pp. 3–14 [8, 13].
excellent idea junaid bhai - ur consoles will sell like hot cakes - not ever body can pay up front full payment - installments is more then good - well 101 % interestred - dont care much about the extra cash as long as i get to pay in installments .
as for security - well i think every one has a bank account and he can provude cross cheques in the sellers name - i am sure NO ONE IS THAT FOOLISH TO BETRAY JSHAK NOW ....
i want a console ASAP on this bases . once again good service if u are starting it .
---------- Post added at 12:45 AM ---------- Previous post was at 12:42 AM ----------
ppl not interested on installments dont need apply - the dude is right - i see no interest here .. being a banker my self this transaction is legal and fair . ..and guys pls pls for the love of it ..............NO ONE IS FORCING ANY ONE TO PURCHASE ANYTHING ...
---------- Post added at 12:53 AM ---------- Previous post was at 12:45 AM ----------
guys we should be great full if jshak is providing the service - i am sure he has done his homework on this - and pls pls dont treat every one as the SAME - PAKI PEOPLE comment is UNWANTED , after all u come in that group as well . sir i think its an excllent thing if u start it - as most of pg members will go for the service - why not - if u can get a damn console on installments then DAMN WHAT ELSE CAN U WANT MORE ..
and junaid bhai is right .......u wont want to CROSS PATHIS WITH HIM ...loll trust me on that ..
excellent idea sir - INSHALLAH start it soon ....in major city - khi - lhr - isd ...u can choose a person who can deal on ur behalf / stock keeping etc.
as for security - well i think every one has a bank account and he can provude cross cheques in the sellers name - i am sure NO ONE IS THAT FOOLISH TO BETRAY JSHAK NOW ....
i want a console ASAP on this bases . once again good service if u are starting it .
---------- Post added at 12:45 AM ---------- Previous post was at 12:42 AM ----------
ppl not interested on installments dont need apply - the dude is right - i see no interest here .. being a banker my self this transaction is legal and fair . ..and guys pls pls for the love of it ..............NO ONE IS FORCING ANY ONE TO PURCHASE ANYTHING ...
---------- Post added at 12:53 AM ---------- Previous post was at 12:45 AM ----------
Let the survey come to its conclusion
guys we should be great full if jshak is providing the service - i am sure he has done his homework on this - and pls pls dont treat every one as the SAME - PAKI PEOPLE comment is UNWANTED , after all u come in that group as well . sir i think its an excllent thing if u start it - as most of pg members will go for the service - why not - if u can get a damn console on installments then DAMN WHAT ELSE CAN U WANT MORE ..
and junaid bhai is right .......u wont want to CROSS PATHIS WITH HIM ...loll trust me on that ..
excellent idea sir - INSHALLAH start it soon ....in major city - khi - lhr - isd ...u can choose a person who can deal on ur behalf / stock keeping etc.
Well... Just came to the thread.
Nice said UmairS1.... If anyone pays up before 6 months they can take the discount. Secondly, Please all of you. I know and am really capable of understand the Islamic norms ....
It is a business, not ripping off.... If you think it is un-islamic then do not buy ..... No one is asking you buy. It is a service I am planning to start ........
I can name a lot of things that we do in our daily life which are un-islamic..... Don't that count ?
If someone is coming is up with an idea to promote business by charging nominal for the risk free factor, you call it Haram...
Nice said UmairS1.... If anyone pays up before 6 months they can take the discount. Secondly, Please all of you. I know and am really capable of understand the Islamic norms ....
It is a business, not ripping off.... If you think it is un-islamic then do not buy ..... No one is asking you buy. It is a service I am planning to start ........
I can name a lot of things that we do in our daily life which are un-islamic..... Don't that count ?
If someone is coming is up with an idea to promote business by charging nominal for the risk free factor, you call it Haram...
hammad800
Well-known member
Oh please oh please oh please get me the samsung 2333hd on installments ! I'll buy it right NOW !
New posts
-
-
-
-
Want To Sell Arctic P12 PWM Premium Fans Brand New (6 available)- Latest: knightmare123
We have disabled traderscore and are working on a fix. There was a bug with the plugin | Click for Discord
- No one is chatting at the moment.
-
Necrokiller:
Phil should be held responsible for this shitfest too, just like Sarah, but it's highly likely that these decisions are coming from Satya. And this isn't even the end of it. More closures are coming. -
SolitarySoldier:
if we are moving towards more and more popular trash across platforms that make billions for companies, I'm happy with all the barriers and exclusivity because at least that brings some pressure to create good stuff. -
SolitarySoldier:
Phil keeps talking about breaking barriers to gaming, making it accessible on all platforms yada yada, while killing competition and creativity at the same time. the fact that i actually believed him for a second lol
-
SolitarySoldier:
"These changes are not a reflection of the creativity and skill of the talented individuals at these teams or the risks they took to try new things" ... seems to me that's exactly what it is
-
XPremiuM:
Microsoft deserves all the hate they can get. Seriously i can't explain how much i want to curse them out. -
XPremiuM:
They could've sold the studios instead of closing them, but the nazi bastards just didn't want competition down the road.
-
XPremiuM:
What's the f*** is wrong with them? I mean really? Have they completely lost it? F***ing retards.
-
XPremiuM:
So i just found out that f***ing s***bag Microsoft shut down Arkane Studio (makers of the brilliant Dishonored series) and Tango Gameworks (makers of the iconic The Evil Within series), among some other studios. I just want to say a giant F*** Y**! to Microsoft. THEY'VE F***ED UP BIG TIME this time.
-
XPremiuM:
Started Dead Island 2, and i find it pretty lame. The story is shit. The characters are either cringe or bland (all 6 of them), The gameplay isn't fun. Even the goddamn zombies don't behave like proper zombies. They're all fast & intelligent unlike how zombies are supposed to be like. Any fan of "zombie" genre cannot possibly like this shitfest of a game. Dying Light 2 was million times better than this shit.
