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Topic: [ANN] IBB - Islamic Bank of Bitcoin - Dividends Statement for September - page 2. (Read 3071 times)

hero member
Activity: 770
Merit: 500
You're fat, because you dont have any pics on FB
pardon me for missing something basic.

http://en.wikipedia.org/wiki/Dividend
"Dividends are payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders."

ibb loans are issued without an interest charge.  profits for a lender generally come from interest less expenses and loss reserves.  where would the profits that these dividends represent come from?




As Yuusha stated thats pretty much it. Thanks Yuusha

This is a the most recent breakdown for August for us. https://bitcointalksearch.org/topic/m.489140


As you can see, gratuities happen.   We may ask if they want to give us a tip,  but gratuities are not expected and always welcomed.

Its good of you to ask.
full member
Activity: 196
Merit: 100
pardon me for missing something basic.

http://en.wikipedia.org/wiki/Dividend
"Dividends are payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders."

ibb loans are issued without an interest charge.  profits for a lender generally come from interest less expenses and loss reserves.  where would the profits that these dividends represent come from?


Most people choose to pay gratuity on their loans, basically adding a voluntary interest to the loan. This is definitely not necessary, and the IBB never actually asks for it, and the borrower is never punished in any way for not paying gratuity. It's just a way of saying thank you and supporting the company. IBB also makes money from selling software and from profits made in joint ventures.

I don't represent IBB in any way, this is just my understanding of the business model.
legendary
Activity: 873
Merit: 1000
pardon me for missing something basic.

http://en.wikipedia.org/wiki/Dividend
"Dividends are payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders."

ibb loans are issued without an interest charge.  profits for a lender generally come from interest less expenses and loss reserves.  where would the profits that these dividends represent come from?

hero member
Activity: 770
Merit: 500
You're fat, because you dont have any pics on FB
For Treasure chest details, see a few posts below.

For Septembers report, see bottom.










{Dividends} First Statement Release 30/8/11

IBB was started from a 'project development' thread on June 24th and after just a month from an idea in a forum, IBB shares have soared to over 1.40 BTC.

We are listed on the Global Bitcoin Stock Exchange (GLBSE.com) and have released shares at the beginning of July. Shares since then have risen steadily, and we hope for great growth in the near future. We thank you for the support and encouragement many forum readers gave us and of course to the many satisfied customers. To which without, we would not be.

With the above said we are proud to announce the paying out of dividends to our valued investors. 6.5057277 BTC in total will be paid out in dividends to 1000 shareholders, each share will receive 0.0065057277 BTC.

Teflone
PR Dept


IBB - Islamic Bank of Bitcoin
www.ib-bitcoin.com
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