I'm just after getting back from London(gone since Tuesday), charts.glbse.com is not showing any updates since the 12th.
For the moment, all the latest trades for GLBSE can be found on it's twitter feed here.
I'm contacting the operator of charts to find out what the story is.
Nefario
Topic: Islamic Bank of Bitcoin{}بنك بتكوين الاسلامي - page 14. (Read 112823 times)
A Buddhist , an atheist or a christian could do the same, i.e non-interest based banking. It doesn't have to be a 'muslim' thing or an 'islamic' thing. If Christians followed the bible, there maybe would be many non-interest based banks. The core basic principles are not dealing with pork, alcohol, arms,interest based businesses etc.. which jews/christians/muslims believe is good for society.
I think 0% interest loan is good whether its a 1000 year old thing or not. Good in the past, good in the present, good in the future.
I think 0% interest loan is good whether its a 1000 year old thing or not. Good in the past, good in the present, good in the future.
In terms of principle I agree that no usury/interest is honorable.
In terms of the need of modern entities to gain access to money I believe that interest based banks do provide a service.
Though the financial industry, typically, embodies pomp and "earns" huge profits.
Does the financial industry represent a level of greed that is immoral.
I mentioned IBB at my talk at TEDx in Leeds today.
https://twitter.com/#!/imran/status/174953830956539906/photo/1
https://twitter.com/#!/imran/status/174953830956539906/photo/1
{Dividends} Statement Release 29/02/12
IBB shares 0.2999 BTC 29/02/12.
5.00 BTC in total will be paid out in dividends to 1000 shareholders, each share will receive 0.005 BTC.
CEO
IBB - Islamic Bank of Bitcoin
www.ib-bitcoin.com
5.00 BTC in total will be paid out in dividends to 1000 shareholders, each share will receive 0.005 BTC.
CEO
IBB - Islamic Bank of Bitcoin
www.ib-bitcoin.com
Report February 2012
Income / Revenue
- shares/dividends 0.825 BTC
- Gratuity = 0.10 BTC
- Last Report= 1.04163496 BTC
Loans
- -------------------------------Repaid----------------------------------------------------------------------------------------
- 6 BTC loan to JackRabiit payback - 13/2/12 https://bitcointalksearch.org/topic/ibbjackrabiit-loan-recordibb-only-62601 {paid back + 0.10}
- --------------------------------Default---------------------------------------------------------------------------------------
- none
Donation:-
0.198
2.67
0.20
Expenses:-
0
total =5.03463496 net profit/revenue->$25.17 @ current market rate
{6.5057277 BTC dividends paid on 30/8/11} (6.5057277/1000=0.0065057277 per share)
{2.0077597 BTC dividends paid on 30/9/11} (2.0077597/1000=0.0020077597 per share)
{2.0065126 BTC dividends paid on 01/11/11} (2.0065126/1000=0.0020065126 per share)
{1.2988600 BTC dividends paid on 30/11/11} (1.29886/1000=0.0012886 per share)
{10.30000000 BTC dividends paid on 26/1/12} (10.30000000/1000=0.0103 per share)
Dividends will be paid on 29th February -5.00000000 BTC will be paid (5.00/1000=0.00500000 per share)
The last dividend looks nice, how come it was so large? Is it just a once off for some special reason?
Also I think there may be an error in the payment date, the last 2 dividend payments are listed as 30/11/11.
thanks
Also I think there may be an error in the payment date, the last 2 dividend payments are listed as 30/11/11.
thanks
Last dividend was large due to high amount of gratuity (on loans), also sold some shares, you can look at the previous report in page 19.
sorry missed those details on the previous page. thanks.
some very nice gratuities in the last period
. Seems to be working well. Good luck.
The last dividend looks nice, how come it was so large? Is it just a once off for some special reason?
Also I think there may be an error in the payment date, the last 2 dividend payments are listed as 30/11/11.
thanks
Also I think there may be an error in the payment date, the last 2 dividend payments are listed as 30/11/11.
thanks
ok , that was quick 
done I will pay dividends now
done I will pay dividends now
=( I was gonna cancel my buy orders and jsut buy at market if they were not filled by the 30th. oh well..
{Dividends} Statement Release 26/01/12
IBB shares 0.43 BTC 26/01/12.
10.30 BTC in total will be paid out in dividends to 1000 shareholders, each share will receive 0.0103 BTC.
CEO
IBB - Islamic Bank of Bitcoin
www.ib-bitcoin.com
10.30 BTC in total will be paid out in dividends to 1000 shareholders, each share will receive 0.0103 BTC.
CEO
IBB - Islamic Bank of Bitcoin
www.ib-bitcoin.com
Now
Report December 2011 - January 2012
Income / Revenue
- shares/dividends 6.8561400 BTC
- Arbitrage = 2.3097357 BTC
- Gratuity = 6.65700000 BTC
Loans
- -------------------------------Repaid----------------------------------------------------------------------------------------
- 7 BTC loan to JackRabiit payback - 24/12/11 https://bitcointalksearch.org/topic/closedjackrabiitloan-54555 {paid back + 0.02}
- 2 BTC loan to reg payback 17/12/11 - https://bitcointalksearch.org/topic/--54048 {paid back}
- 2 BTC loan to reg payback 25/12/11 - https://bitcointalksearch.org/topic/--54048 {paid back}
- 5 BTC loan to zer0 payback - 22/12/11 https://bitcointalksearch.org/topic/38-btc-loan-will-repay-50-btc-1-week-term-54875 {paid back + 3.00}
- 15 BTC loan to gigasvps payback 30/1/12 - https://bitcointalksearch.org/topic/fully-funded-requesting-a-300-btc-one-month-loan-56161 {paid back}
- 2 BTC loan to reg payback 12/1/2012 - https://bitcointalksearch.org/topic/--54048.40 {paid back}
- 7 BTC loan to JackRabiit payback - 18/1/11 https://bitcointalksearch.org/topic/ibbloanto-senbonclosed-56805 {paid back + 0.18}
- 1.06 BTC loan to rexcoin payback - 12/1/12 https://bitcointalksearch.org/topic/--54048.0 {paid back + 0.007}
- 9.80 BTC loan to amazingrando payback - 19/1/12 https://bitcointalksearch.org/topic/funded-50-btc-loan-wanted-until-117-57191 {paid back + 0.25}
- 5 BTC loan to JackRabiit payback - 21/1/12 https://bitcointalksearch.org/topic/ibbjackrabiit5coinloan-58596 {paid back + 0.20}
- 5 BTC loan to zer0 payback - 20/1/2012 https://bitcointalksearch.org/topic/ibb-5-btc-loan-60205 {paid back + 3.00}
- --------------------------------Default---------------------------------------------------------------------------------------
- none
Update:-
14 MergedMining shares donated. 43 purchased {total added 57 shares of MM }
Donation:-
1.31415926
Expenses:-
5.7954 - 43 MergedMining shares
total =11.34163496 net (17.13703496 gross) profit/revenue->$65.80 @ current market rate
{6.5057277 BTC dividends paid on 30/8/11} (6.5057277/1000=0.0065057277 per share)
{2.0077597 BTC dividends paid on 30/9/11} (2.0077597/1000=0.0020077597 per share)
{2.0065126 BTC dividends paid on 01/11/11} (2.0065126/1000=0.0020065126 per share)
{1.2988600 BTC dividends paid on 30/11/11} (1.29886/1000=0.0012886 per share)
Dividends will be paid on 25th January -10.30000000 BTC will be paid (10.30000000/1000=0.01030000 per share)[/list]
No question, just a thank you for very straightforward and clear reporting. Nice to see an asset on the GLBSE being run professionally and consistently.
1. 7 / 8 loans repaid
2. 26 MergedMining shares purchased
2. 26 MergedMining shares purchased
7 of 8!
What... ?
Whos mommy do I have to call this time ?
Wanted to say thanks for the fun little contest that IBB sponsored, and to let you know that IBB is now on my accumulation list on GLBSE.
Senbonzakura, could you state the amount of BTC the bank holds right now, without including ones in assets like loans or stocks?
So the business case behind your loans is hoping people will tip you afterwards? (45% of your revenue)
Okay weird business model. I'll be sure to contact you for a free mortgage when IBB is big enough to lend a couple of hundred grand
Okay weird business model. I'll be sure to contact you for a free mortgage when IBB is big enough to lend a couple of hundred grand
I'm not sure if this is answered but: if you give out interest free loans, how do you make money (or in fact avoid losing money)? I am very curious
Is there a divi due out soon? And will the 15btc loan earnings, if any, go to the next month?
cheers
cheers
update:-
the java arbitrage software wont be completed by the developer and will not be sold.
the java arbitrage software wont be completed by the developer and will not be sold.
Any plans to find a new developer? I could spend a little time on it pro-bono if it is somewhat close to ready.
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