Discover and read the best of Twitter Threads about #annuities
Most recents (3)
I took a Twitter break after teaching finished. I’m back now and thinking about one of my favorite topics, #decumulation in #retirement. Prompted by some conference talks I gave last month, plus some recent articles, here’s a thread. 🧵 (1/15)
What is decumulation? In a nutshell, the drawdown of retirement savings, along with other sources of income such as pensions and SSA retirement benefits (OASI). While there’s a long economics literature on decumulation, I’m especially interested in the psychology of it. (2/15)
It’s a highly complex problem psychologically: large stakes, every individual is different, no chance to learn (decisions often irrevocable) and much uncertainty & emotion. (3/15) avantisinvestors.com/content/avanti…
Is it permissible to take a conventional style loan to finance/fund a #Shariah Compliant Commercial Project?
A loan is not permissible in the traditional banking operational jargon or sense!
A loan is not permissible in the traditional banking operational jargon or sense!
The Credit application should have an underlying asset trade funding request inbuilt and/or an explicit tangible commercial intent stating the same, embedded in the actual financing/investment contract.
Any transaction which provides money without a trading justification will not work.
In Islamic Finance, debt-refinancing and NPA - Non-performing Asset rollovers are not allowed.
In Islamic Finance, debt-refinancing and NPA - Non-performing Asset rollovers are not allowed.
#RHT1850 #MicaBay
"In November 1849, a force of Anishinaabeg...led by Chiefs Oshawano, Shingwaukonse and Nebenaigoching, forced the Quebec and Lake Superior Mining Association to stop operating at Pointe aux Mines, Mica Bay, Lake Superior."
thecanadianencyclopedia.ca/en/article/mic…
"In November 1849, a force of Anishinaabeg...led by Chiefs Oshawano, Shingwaukonse and Nebenaigoching, forced the Quebec and Lake Superior Mining Association to stop operating at Pointe aux Mines, Mica Bay, Lake Superior."
thecanadianencyclopedia.ca/en/article/mic…
"The actions of the chiefs forced the Canada West government to negotiate in 1850. The Robinson-Huron and Robinson-Superior Treaties legitimated the mining leases, created reserves, recognized First Nations rights, and set precedents for future treaties..." 2/4
"Each treaty also contained annuities (annual payments) for the bands along with an “escalator clause.” The escalator clause was designed to raise the annuities as profits from the extractions of resources increased..." 3/4
