Sunday, November 3, 2013
Living away from home
Assalamu 'Alaikum
Living away from home
Shopping in Oxford Street or wherever is the least of our priorities. In whichever country we visit experiencing life and the environment of the locals is our priority. I am particularly pleased to be living with my family in this apartment in Stanmore, North London at the end of the Bakerloo line. It belonged to a primary school teacher, Anita, who will move in with her mum elsewhere whenever she rents out her apartment to overseas visitors to London. Apparently this is a lucrative source of income for many city people throughout the world now. For travellers who are not travelling on company expense, staying in city stay apartments makes a lot of sense. First you don’t have to pay the exhorbitant price the hotels charge; second you can cook which is very important to a lot of travellers.
When I was a student in London many, many years ago Stanmore is never, never land too far away for a student to stay. I only know the Bakerloo line as far as Willesden Green which I thought was far away enough. Today I find Stanmore a delightful little town. The apartment we’re in is on the second floor of an apartment block surrounded by similar apartment blocks. The residents must be on the highly paid side looking at the cars parked outside the apartment. It comprise of a bedroom, one toilet and a kitchenette cum living room. Reading the free newspapers distributed on the tube I learnt property prices in London has shot sky high. I estimate this apartment we are in to costs around 300,000 pound sterling which translates to almost RM1.5 million for Malaysians to compare. If no one compensates for the evil of fiat money very soon not many city people anywhere in the world will be able to own their own homes.
London in some ways have changed a lot ; in some ways it hasn’t. Oxford Street, Piccadilly Circus, Bond Street and Trafalgar Square has hardly changed in the metropolitan sense. Its international crowd is still there and so are the luxury shops and restaurants that characterise the place. What has really changed are the docklands of London, what the 1970s Malaysian student population would call South East London. The Financial Centre have been uprooted from the City of London and placed squarely in previous dockland now known as Canary Wharf. Its sparkling skyscrapers and all round glint of a modern city would shock many who has never seen it before. They also have a new skytrain service called DLR which I eventually learnt to mean Docklands Light Railway. What we knew as Polytechnics are now Universities. Woolwich Polytechnic became University of Greenwich. Taking over the premises of the Old Royal Naval College its campus is steeped in history with buildings designed in days gone by a certain Christopher Wren. I don’t know what University of East London was as a polytechnic but I don’t think many London polytechnics exists any more.
I was lucky enough to have been invited to Islamic Finance Receptions at both universities mentioned above. I am glad I was able to attend one, but had to miss the other. At the University of Greenwich Reception I was fortunate to meet a member of the House of Lords who was particularly supportive of Islamic Finance. His Lordship is a Muslim of Indian subcontinent origin but of true blue Tory blood! With Britain scheduled to issue their first Sovereign Sukuk soon we await with bated breath the subsequent growth of Islamic Finance in Britain with Prime Minister Cameron having also declared to want London to be a Centre of Islamic Finance on the same par as Dubai and Kuala Lumpur. Will we be intelligent enough to take this opportunity to reshape Islamic Finance in the mould of equity? With the current international financial system based on debt on the verge of collapse; we tremble with anguish as to how an Islamic alternative financial system also based on debt, but with Arabic names, can prove to be significantly different!
Today is rest day in our apartment giving my sprained knee and Zahir’s cough a much needed rest. Tomorrow in sya Allah its Changing of the Guards at Buckingham Palace and a Thames River Cruise. Leaving for home only next Friday, in between work and appointments for Papa next week , Mama and the kids have agreed to join Papa down some memory lanes, including a stroll down Finchley Road, and a walk to a certain Templewood Gardens in Hampstead. Beginning to miss my Mum and Dad already. Love you both dearly. AlFatihah, and may Allah swt place you both in the highest of Jannah.
Wassalam,
Zahid