FAAIF Announces Sponsorship of Mediterranean Summit of Islamic Finance in Barcelona, Spain

CEO of FAAIF Camille Paldi will discuss Islamic finance and Takaful (Islamic Insurance) at the upcoming Spanish forum on Islamic Finance on November 28, 2014.

Dubai, UAE, November 07, 2014 -- Paldi says the Mediterranean Islamic finance summit will bring together the main financial and banking firms, insurance companies and mediators, friendly societies, and brokers and investors under one roof to discuss prospects of Islamic finance and Takaful business in Europe and the Mediterranean. The session themes include ‘Islamic Finance – New Frontiers, New Opportunities: What are the Advantages for the Mediterranean Region? And ‘’Takaful or Islamic Insurance in the Mediterranean: A Coming Age.’ The forum is to take place in Casa Llotja de Mar in Barcelona, Spain.

Takaful, or Islamic insurance, is a cooperative scheme, where in which the participants pay a premium in the form of donation or tabarru in a common pool in return for the ability to draw upon that pool upon a valid claim. The word takaful originates from the Arabic world kafalah, which means "guaranteeing each other" or "joint-guarantee." The basis of shared responsibility is taken from the system of aaqilah, which was an arrangement of mutual help or indemnification customary in many tribes of the Arab world. Under this system, if a member of a tribe was accidentally or unjustly killed, the murderer was obliged to pay blood money (dia) to the deceased's next of kin as a form of life insurance for the deceased's relatives.

The purpose of this Holy Book insurance system is not profits, but to uphold the Qu’ranic, Christian, and Jewish principle of "bear ye one another's burden." Therefore, in contrast to conventional insurance, takaful is not a contract of buying and selling where a party offers and sells protection and the other party accepts and buys the service at a certain cost or price. Rather, it is an arrangement whereby a group of individuals each pay a fixed amount of money and compensation for losses of members of the group is paid out of the total sum. Furthermore, it is possible to make a return on funds invested by the takaful managers in addition to the fact that the funds remaining in the takaful fund on maturity of the policy are distributed back to the participants and operator or participants only depending on the type of takaful management model utilized by the fund. Paldi says that takaful has the potential to become a popular mass consumer product in Europe and the Mediterranean. Camille Paldi can be contacted at camille@faaif.com.

FAAIF Limited is a legal and management consultancy firm servicing clients in Islamic banking, finance, and takaful. FAAIF Events is an events production and management company http://www.faaif.com.


Contact:
Camille Paldi, CEO
FAAIF Limited
Dubai, UAE
+971 56 950 0562
camille@faaif.com
http://www.faaif.com

CashBackCat.com Completes Study of Compounded Cash Back

Cash Back can Put Child Through College or Buy That Condo in Florida.

Las Vegas, Nevada, November 05, 2014 -- CashBackCat.com has completed a Special Report studying the cash back earned by shoppers. Instead of the cash back being spent, what happens if the cash back was saved and earned compounded interest?

How important is getting cash back on every purchase you make and keeping it, instead of spending it, sock it away for your child’s college education or for your retirement. Here are the facts, the numbers don’t lie.
These figures are derived from customer behavior and statistics from CashBackCat.com, a cash back and deals website.

If you are a periodic, moderate online shopper and you earn $100 a year in cash back rebates each year and you invest that $100 each year for the next 20 years you will have earned $5, 017.03 (assuming your investment was in the S&P 500 (Standard & Poors 500), the stock market benchmark, which earned 7.4% per year on average over the last 10 years.)

If you are a regular online shopper and you earn $500 a year in cash back rebates and you invested your $500 each year over the next 20 years you will have earned $25,085.16 (again, using the S&P500 average annual return rate of 7.4%)
If you are an active shopper, you would earn roughly $1,000 a year in cash back rebates. If you invested those each year for 20 years you will have earned $50,170.33, providing you received the rate of return of 7.4%.

Want to retire with a Free Gift of $370,878.61? All you have to do is start at 25 years old investing your $1,000 a year in cash back, each and every year, then at 70 years old you will have a windfall of almost $400,000. For some of you 70 sounds like a long way away, but you will see how fast the years go by after 40. The great thing is, is that anybody can do this, it’s free money being invested with the super power of compounding. You can use this money for your child’s college fund, put it in your IRA or Roth IRA, or simply into an investment account.

Investing in a 529 College-Savings Plan will allow your after-tax contribution to grow tax-free. Earnings can be withdrawn without tax liability as long as you are paying college expenses. To get more information on 529 Plans talk to your financial advisor. If you do not have a financial advisor, ask your friends or family members for a referral. Stick with a large reputable investment firm.

Investing your Cash Back in your IRA or Roth IRA is also a top solution. Investing in your IRA will allow your Cash Back investment to be a deduction and un-taxed and allowing the contribution to grow tax-free. You will have to pay taxes on your earnings when you begin withdrawing. A better alternative to your IRA is the Roth IRA. With the Roth IRA you use your post-tax Cash Back, yet your contribution grows tax-free and any and all withdrawals are tax-free. Ask your investment advisor for more details and also ask for the best “No-load” fund or ETF (Exchange Traded Fund) that invest in the S&P 500. This way you don’t have to be worrying about your investment. Just invest it and forget about it. Do not touch this money unless you have met your goals. If your goal is to not touch this money until you are 65 – stick with it. If your goal is to save up for that once in a lifetime vacation, well then take it and enjoy.

To continue to the full Report Click Here.

About John Freeland

John Freeland is the President and CEO of www.CashBackCat.com. His goal is to help online shoppers save money by providing amazing cash back rebates, coupons and exclusive deals on everyday items. John blogs at www.blog.CashBackCat.com and can also be reached at John@cashbackcat.com. John is also an investor and owner of various companies in a variety of industries ranging from real estate to ecommerce to investment banking.

About CashBackCat.com

CashBackCat.com is a Cash Back Rebate and Coupon website offering up to 50% Cash Back on over 1,600 partnered stores on its website. CashBackCat’s goal is to save members as much as possible when shopping by using cash back rewards and coupons. Membership is Free and new members receive a $5 Welcome Bonus upon registering. To receive special discounts and cash back deals, sign up for the weekly newsletter, The Smart Shopping Newsletter at www.blog.CashBackCat.com.

Contact:
John Freeland, President and CEO
CashBackCat.com
Las Vegas, Nevada
Direct: (661) 388-1900
john@cashbackcat.com
http://www.cashbackcat.com

FAAIF to Sponsor EU Islamic Banking and Finance Summit in London, UK November 18-19, 2014

CEO of FAAIF Camille Paldi says the potential for Islamic Finance in Europe is Huge.

Dubai, UAE, November 05, 2014 -- Camille Paldi, CEO of FAAIF is excited to announce sponsorship of the EU Islamic Banking and Finance Summit in London, UK to be chaired by Sheikh Bilal Khan. Paldi says the time is now for Islamic Banking in the UK and continental Europe. The UK and Luxembourg have both issued successful sukuk many times oversubscribed, bringing in needed cash and funds for UK and Luxembourg businesses. Paldi also comments that European countries can bring in a lot of funds for government, infrastructure projects, and businesses through issuing sukuk (Islamic Bonds) and engaging in Islamic finance business. In addition, Paldi notes the immense potential of takaful or Islamic insurance as a business opportunity and mass consumer product in European markets. The people of Europe can benefit greatly from these innovative modes of finance and structures, which are absent of interest.

Paldi notes that fiat money may have been an invention of private bankers with the purpose of stealing the wealth of ordinary citizens through interest, inflation, and tax. Paldi adds that a financial system, which allows and promotes money to money transactions may encourage a small percentage of society to exploit the rest of society to the maximum. In regards to this situation, the money-commodity transactions of Islamic finance promotes trade, productive activity, distribution of wealth across society, justice, and a society free of exploitation and manipulation of financiers whose aim may be to profit off of people through interest and to steal the wealth of the people through various mechanisms. Paldi notes that this philosophy of interest free financing can be traced through the Holy Books including the Bible and the Torah. Therefore, Paldi proposes to call this form of finance Holy Book Finance as it also derived from and follows Christian and Jewish Laws.

Paldi says that there is an exciting line-up of speakers for this event including CEO’s of major Islamic Finance Advisories and Partners from leading UK law firms. In addition, Paldi comments that the UK and Luxembourg sukuks will be studied in detail and the European legal and regulatory framework of Islamic finance explored. Paldi says this conference may be beneficial to anyone wishing to tap into the European Islamic Banking and Finance market.

FAAIF Limited is a legal and management consultancy firm servicing clients in Islamic banking, finance, and takaful. FAAIF Events is an events production and management company http://www.faaif.com.


Contact:
Camille Paldi, CEO
FAAIF Limited
Dubai, UAE
+971 56 950 0562
camille@faaif.com
http://www.faaif.com

Wrongful Auction Lawsuit Filed Against Public Storage

A wrongful self-storage auction lawsuit has been filed against Glendale-based Public Storage (NYSE:PSA) in Los Angeles Superior Court.

Los Angeles, CA, November 05, 2014 -- A wrongful self-storage auction lawsuit has been filed against Glendale-based Public Storage (NYSE:PSA) in Los Angeles Superior Court. Case #BC562265 alleges that a Public Storage customer who rented a storage unit from Public Storage was subjected to a wrongful storage contents auction in which her property was wrongfully auctioned off, in violation of California self-service storage laws. This wrongful auction involved the selling of property stored in a rented locker as well as a dispute over the sanitary conditions of the Public Storage facility located at 3625 S. Grand Avenue in Los Angeles.

The suit alleges that Public Storage failed to meet certain legal requirements before the plaintiff's personal property was auctioned off in violation of California's Self-Service Storage Act. Superior Court Case #BC562265 claims breach of contract, negligence, and conversion of goods and asks the courts to inflict severe punitive damages.

In support of the plaintiff's lawsuit, email correspondence from Denise Aguirre, Public Storage District Manager and Kathleen Jarnagin, Public Storage Regional Manager was submitted to support the plaintiff's claim that her goods and property were sold after she submitted a Declaration in Opposition to Lien Sale. A hearing on the lien sale was scheduled for December 30, 2014 yet Public Storage decided to auction off the plaintiff's personal property in advance of the hearing.

The lawsuit alleges the lien sale to be a clear violation of the California Self-Service Storage Facility Act which outlines a specific timeline storage operators must follow once a declaration in opposition to the lien sale is received.


Contact:
Sherrie Daniels
Keys vs. PSA. Corp.
442 South San Pedro Street
Los Angeles, CA 90013
(310) 462-2195
publicstorageplaintiff@gmail.com
http://www.publicstorage.com

What’s the Best Day to Buy Airline Tickets? CashBackCat.com Releases Special Report

Prices can Change Up to 25% Depending on Which Day of the Week.

Las Vegas, Nevada, November 04, 2014 -- CashBackCat.com released a Special Report “What’s the Best Day to Buy Airline Tickets?” According to John Freeland, President and Founder of CashBackCat.com, shoppers can save up to 25% on ticket charges depending on which day of the week they purchase.

Everybody is flying everywhere these days and the airlines could not be happier. Oil prices are down and jet fuel is the lowest it’s been in a long time. You are saying to yourself, fuel prices are lower therefore airline tickets are going to be cheaper now, since fuel is the biggest costs. If you are thinking like this, it makes the airlines shake their head, hoping you will make your plans and book your tickets. However, the airlines are not lowering seat prices based on fuel prices, at least not yet, but throughout the week, based on historical demand, ticket prices can fluctuate as much as 25%, meaning that savings can be in the $100s per ticket depending on which day you purchase.

About 16 years ago a new discount airline came on the scene and it was like no other discount airline; brand new planes with television screens for each seat and plenty of leg room. Yes, Jet Blue came on like a storm and they were cheap. I began flying Jet Blue out of the Long Beach, California Airport at least twice a month for business, and I loved it. I was flying direct from Long Beach, California to Fort Lauderdale, Florida and at times to New York direct from Long Beach. No more inconvenient connections through Dallas or Chicago or hassling with LAX. Jet Blue set the standard with new and clean jets, great cabin service and inexpensive flights. The company was even profitable for the first few years. Why couldn’t the industry follow Jet Blue’s strategy? But, all the airlines were saying, “Just wait and see.” And then it happened, after the first few years Jet Blue started showing losses and just like the others, they raised their prices and were no longer a discount airline. I was disappointed to say the least, because my Long Beach flights became more expensive than the LAX flights, I was stuck traveling out of LAX again and battling the 405 traffic. During those hectic years I only missed two flights as a result of freeway traffic.

Why couldn’t Jet Blue make a profit and keep their seat prices low? It’s all the variables costs; if they are all working in your favor, the stars aligned, then you get an airline that can keep low fares with excellent service and remain profitable. The early days of the Jet Blue phenomena are gone for good and Rick Seaney of FareCompare.com says there are nine factors why.

Why do tickets cost so much and what is the best day to purchase my airline tickets?

To Read the Full Report Click Here

About CashBackCat.com
CashBackCat.com is a Cash Back Rebate and Coupon website offering up to 50% Cash Back on over 1,600 partnered stores on its website. CashBackCat’s goal is to save members as much as possible when shopping by using cash back rewards and coupons. Membership is Free and new members receive a $5 Welcome Bonus upon registering. To receive special discounts and cash back deals, sign up for the weekly newsletter, The Smart Shopping Newsletter at www.blog.CashBackCat.com.

Contact:
John Freeland, President and CEO
CashBackCat.com
Las Vegas, Nevada
Direct: (661) 388-1900
john@cashbackcat.com
http://www.cashbackcat.com

There are Tremendous Possibilities for Microfinance in the United States, Europe, and Australia

CEO of FAAIF Camille Paldi sponsors and presents at the 4th Annual Global Islamic Microfinance Forum November 1-2, 2014 in Dubai, UAE.

Dubai, UAE, November 03, 2014 -- CEO of FAAIF, Camille Paldi, states that there is a tremendous opportunity for Islamic microfinance in the United States, Europe, and Australia, the implementation of which can simultaneously help people in the United States, Europe, and Australia while promoting a positive image of Islam. At the Global Islamic Microfinance Forum 2014 produced by Al Huda Center of Islamic Banking and Economics and Akhuwat in Dubai, UAE, Paldi introduced several innovative microfinance concepts, which can be implemented in the United States and elsewhere.

Paldi explains that it is possible for an Islamic bank to donate an asset for a sukuk transaction, the proceeds of which may go to fund a microenterprise, food bank, homeless shelter, or orphanage. In addition, Paldi suggests securitizing US Student Loan Debt and floating the package in the bond market. Either an Islamic Bank can donate the underlying asset for the transaction or the student loan holder can promise to pay i.e. 5% of monthly pay-check for five years. The Islamic finance industry can then hold an annual Charitable Sukuk Gala and present awards for the best micro-sukuk and the best US student loan recovery sukuk etc. Paldi also brought up the idea of an Islamic mortgage default program, in which the fund members who are about to default on a mortgage payment can apply for interest free loans to cover the payments. The mortgage default takaful fund can be financed through murabahah penalty payment charitable funds of Islamic banks, seed funding, venture capital, or by the return on investment due to the takaful operator after distributing ROI to the takaful participants. The fund can also help people who have had their homes foreclosed or who have recently been evicted. Paldi says it is also possible to create an Islamic waqf charitable endowment with donated land from the Islamic world in order to provide free University education in the United States as well as to fund homeless shelters. In addition, Paldi mentions that it is possible to convert donation based entities such as food banks and homeless shelters into business enterprises by simply taking the tax-free donations and investing them into Shari’ah compliant funds, thereby providing a return on investment to the people who give donations as well as raising funds for the charitable entity, transforming it into a charitable enterprise. In addition, it is possible to introduce Islamic micro-startups funded by seed money and crowdfunding and Angel Investors for microenterprise. Lastly, Paldi suggests setting up an Islamic medical fund for US Veterans, as many US veterans currently lack access to health care, jobs, and homes. In fact, Paldi says it is possible to create Islamic Veteran Center Enterprises that provide jobs, healthcare, support, and housing for veterans in the United States who lack access to employment, healthcare, housing, and face discrimination for various reasons.

Overall, Paldi says the United States and other Western countries can benefit greatly from Islamic microfinance concepts, especially in the face of massive corporate expansion, a failing financial system, increasing levels of debt, and the lack of access to business financing for the small to medium business person. Paldi also states that as a US citizen, she is from a country of pioneers, entrepreneurs, and innovation and that her ideas and skills will be welcome in the United States and the western world. Camille Paldi can be reached at camille@faaif.com.

FAAIF Limited is a legal and management consultancy firm servicing clients in Islamic banking, finance, and takaful. FAAIF Events is an events production and management company http://www.faaif.com.


Contact:
Camille Paldi, CEO
FAAIF Limited
Dubai, UAE
+971 56 950 0562
camille@faaif.com
http://www.faaif.com

Ebola, Germ, & Toxic Mold Decontamination Expert Fry Joins 2 Hospital Associations, Announces E.H.A.

The Environmental Hygienists Association announces that its executive director Phillip Fry is now an associate member of the Association for the Healthcare Environment (American Hospital Association), and a professional member of the American Society of Professionals in Patient Safety.

Montrose, MI, November 03, 2014 -- Phillip Fry, executive director of the Environmental Hygienists Association (E.H.A.) and building decontamination specialist, is now an active professional member of both the Association for the Healthcare Environment (American Hospital Association), and a professional member of the American Society of Professionals in Patient Safety, announces the Environmental Hygienists Association.

Mr. Fry’s specialty is the preventative and remedial decontamination of hospitals, medical centers, nursing homes, hotels, office buildings, other commercial and governmental buildings, and residences to kill and get rid of Ebola virus, other viral and bacterial building contamination, toxic mold, and bioterrorism threats anywhere in the U.S.A., Canada, United Kingdom, Europe, Middle East, Africa, Asia, Australia/N.Z., Caribbean nations, and Central and South America.

Phillip Fry is a Certified Environmental Hygienist, Professional Industrial Hygienist, Certified Decontamination Specialist, Certified Mold Inspector, Certified Mold Remediator, Certified Environmental Inspector, Certified Remediation Specialist, Certified Air Duct Air Duct Specialist, Certified Ozone Professional, and international mold expert.

Mr. Fry has served the National Institutes of Health (U.S. Public Health Service), and he was the administrator of a USA hospital and medical center, and a successful real estate developer. Phillip holds a B.A. degree in social studies from Case Western Reserve University, Cleveland, Ohio.
The Environmental Hygienists Association provides training and certification for individuals who wish to be trained and certified as a Certified Decontamination Specialist. Training and certification can be done on-site at a client location worldwide, or online at www.decontaminationgear.com and www.ecology-college.com, or at the E.H.A. international training center in Montrose, Michigan, U.S.A.

To contact Phillip Fry for either preventative and/or remedial decontamination, or mold and environmental inspection, testing, and remediation, of hospitals, medical centers, nursing homes, lodging facilities, other commercial and public buildings, or homes, email phil@moldinspector.com, or phone toll-free 1-866-300-1616 (USA and Canada), or 1-810-639-0523 (for international calls), or cell phone 1-480-310-7970, or visit www.moldexpertconsultants.com.


Contact:
Phillip Fry, Executive Director
Environmental Hygienists Association
10104 Sheridan Rd.,
Montrose, Michigan 48457
Phone Toll-Free 1-866-300-1616
phil@moldinspector.com
http://www.decontaminationgear.com and
http://www.moldexpertconsultants.com