The futures of Islamic banking systems is so bright
The globally-booming Islamic finance is making strides and gaining Popularity in Bangladesh, with Experts predicting that the Shari `ah-compliant industry will continue in steady Steps to become the mainstream banking system in Muslim South Asian nation.
"The future of the Islamic banking systems is so bright," Mominul Islam Patwary, Chairman of the executive committee of Islami Bank Bangladesh Limited, told IslamOnline. net.
The Islamic banking is seeing impressive growth in Bangladesh
Bangladesh entered the Islamic banking system only in 1983, with the establishment of Islami Bank Bangladesh. Since then, five more full-fledged private Islamic bank, and 20 Islamic banking branches of conventional bank have been established.
Patwary said that his bank is now one of the top performer bank in terms of business and profits among the 48 commercial bank operating in the country.
"Islamic Bank Bangladesh Limited has gained first position in all private bank in terms of Deposits, investment, export & import and remittance collection."
According to the Bangladesh Bank (BB), the central bank of the country, the Deposits of the Islamic banking systems are now 25 percent of all private bank and its Investments Deposits are 30 percent.
Bahauddin Mohammad Yousuf, Vice chairman of Al-`Arafah Islamic Bank, has an explanation for Bangladesh's Islamic finance boom.
He said that for a Muslim, whose Religion prohibits earning or paying interest, Islamic banking makes it possible to operate interest-free business. "People of this country are religious," Patwary, of the Islami Bank, agrees. Islam forbids Muslims from usury, receiving or paying interest on loans.
Islamic bank and finance Institutions can not receive or provide funds for anything involving alcohol, gambling, pornography, Tobacco, weapons or Pork.
Shari `ah-compliant financing deals resemble lease-to-own arrangements, layaway Plans, the joint purchase and sale agreements, or Partnerships.
Bangladesh is the world's third largest Muslim majority country, with Muslims making up more than 80 percent of the nation's 148 million population.
New Order
Bankers believe that the Islamic banking is set for even more progress, if a law Governing Islamic Banking policies is introduced.
"If an Islamic banking Act is introduced, the Islamic banking systems will even further flourish," Patwary said.
Experts predict that with the rapid Rise of Shari `ah-based systems, the industry will ultimately turn to be the financial mainstream in Bangladesh.
"The interest-free Shari` ah-based systems will be mainstream Banking and the conventional bank will be the minority systems in the OIC countries including Bangladesh within 2002, "M Azizul Haque, a leading expert on Islamic banking in Bangladesh, told IOL.
AZIZUL Haque, who is also chairman of the Shari `ah Council of Dhaka, Bangladesh believes that will follow the rest of the world's Islamic banking sector.
He explains that the growth rate of Islamic banking in the OIC countries for example is 15 to 20 percent while that of the conventional bank is 10 to 15 percent.
Islamic finance is one of the fastest growing sectors in the global financial industry.
In Defiance of the credit crunch, the global Islamic finance market has grown about 15 percent in each of the past three years, and is now worth about $ 700 billion worldwide.
Currently, there are 300 Islamic bank No transaction fees and Financial Institutions worldwide.
Its assets are predicted to GROW to $ 1 trillion by 2013.
AZIZUL Haque expects that higher growth rates in the next decade will force the global financial systems to Islamic banking.
"There is not any sort of apprehension regarding the success of Islamic banking," the renowned economic expert said.
"Capitalization could not solve the global economic problems.
"The world is looking for a new economic order. Islamic economic system that will be the new economic order."
Selasa, 11 November 2008
Islamic Economic System: Real Sector were
Islamic Economic System: Real Sector were
In the Islamic economy, the financial sector to follow-or-tied with the real sector. In the view of Islam, money is not the commodities (goods), but means of payment. Islamic hard reject all types of transactions, such as pseudo occurred in the money market or capital market at this time. Instead, Islam encourages international trade. Muhammad., Before becoming apostles, have become international traders since age teenagers. When the teens years, he was traded to Syam (Syria), Yemen and several Gulf countries in the region now. Then, when he became a messenger at the same time Daulah Islamiyah head of state in Medina, since the beginning of authority, Islam has business contacts with Chinese, Indian, Persian, and Roman. In fact only two centuries later (eighth century), traders have reached the European Islamic North.
Throughout the Daulah Islamiyah existence at the time of the Prophet Muhammad. rarely economic crisis (Previously it Daulah Islamic deficits, namely Hunain before the war, but paid off immediately after the war). At the time of Kekhilafahan Islam, especially the Khulafaur Rasyidin as well. At the time of Caliph Umar ibn al-Khaththab and inheritors Utsman bin Affan Budget often even experienced a surplus.
What's the secret? This is because Daulah Islamiyah monetary policy the Messenger of Allah. Kekhilafahan and Islam at the time of the caliph always associated with the real sector, especially trade.
In the Islamic economy, the financial sector to follow-or-tied with the real sector. In the view of Islam, money is not the commodities (goods), but means of payment. Islamic hard reject all types of transactions, such as pseudo occurred in the money market or capital market at this time. Instead, Islam encourages international trade. Muhammad., Before becoming apostles, have become international traders since age teenagers. When the teens years, he was traded to Syam (Syria), Yemen and several Gulf countries in the region now. Then, when he became a messenger at the same time Daulah Islamiyah head of state in Medina, since the beginning of authority, Islam has business contacts with Chinese, Indian, Persian, and Roman. In fact only two centuries later (eighth century), traders have reached the European Islamic North.
Throughout the Daulah Islamiyah existence at the time of the Prophet Muhammad. rarely economic crisis (Previously it Daulah Islamic deficits, namely Hunain before the war, but paid off immediately after the war). At the time of Kekhilafahan Islam, especially the Khulafaur Rasyidin as well. At the time of Caliph Umar ibn al-Khaththab and inheritors Utsman bin Affan Budget often even experienced a surplus.
What's the secret? This is because Daulah Islamiyah monetary policy the Messenger of Allah. Kekhilafahan and Islam at the time of the caliph always associated with the real sector, especially trade.
Capital in the Islamic Perspective
Capital in the Islamic Perspective
Capital in the capital called in English means goods produced by natural or man-made, are not required to meet directly, but the human desire to help others produce goods which will be able to meet the needs of people directly and generate profits (See, William N . Loucks, and J. Weldon Hoot, See, William N. Loucks, and J. Weldon Hoot, Comparative Economic Systems, pp. 19 Comparative Economic Systems See, William N. Loucks, and J. Weldon Hoot, Comparative Economic Systems, pp. 19, case. 19). Physically, there are two types of capital that is fixed capital and circulating capital. Fixed capital such as buildings, machinery or factories; the objects when the benefit is not reduced substansinya existence. The circulating capital such as basic materials and money when the benefit, substansinya also lost. Differences in both sharia can we see the following. The capital remained generally can be rented, but can not be loaned (qardh). While the circulation of capital that can be loaned consumptive (qardh) but can not be rented. This is because ijarah in Islam can only be performed on objects that have characteristics, substansinya can be enjoyed separately or simultaneously. When a rented goods, the benefits of these goods are separated from the owner. It now enjoyed by tenants, but remain in the ownership status of the owner. When the lease expired, the goods are returned to the owner in the situation to normal.
Money does not have attributes, such as this. When someone using the money, the money is spent. If he is using money from the loan, he bears as much as the amount of debt that must be used, and in return the same amount (mitsl) is not substansinya (a'in).
Capital in the capital called in English means goods produced by natural or man-made, are not required to meet directly, but the human desire to help others produce goods which will be able to meet the needs of people directly and generate profits (See, William N . Loucks, and J. Weldon Hoot, See, William N. Loucks, and J. Weldon Hoot, Comparative Economic Systems, pp. 19 Comparative Economic Systems See, William N. Loucks, and J. Weldon Hoot, Comparative Economic Systems, pp. 19, case. 19). Physically, there are two types of capital that is fixed capital and circulating capital. Fixed capital such as buildings, machinery or factories; the objects when the benefit is not reduced substansinya existence. The circulating capital such as basic materials and money when the benefit, substansinya also lost. Differences in both sharia can we see the following. The capital remained generally can be rented, but can not be loaned (qardh). While the circulation of capital that can be loaned consumptive (qardh) but can not be rented. This is because ijarah in Islam can only be performed on objects that have characteristics, substansinya can be enjoyed separately or simultaneously. When a rented goods, the benefits of these goods are separated from the owner. It now enjoyed by tenants, but remain in the ownership status of the owner. When the lease expired, the goods are returned to the owner in the situation to normal.
Money does not have attributes, such as this. When someone using the money, the money is spent. If he is using money from the loan, he bears as much as the amount of debt that must be used, and in return the same amount (mitsl) is not substansinya (a'in).
Economy Islam: BUSINESS ETHICS
BUSINESS ETHICS
Because of ethical guidelines be made in economic activities and business, the business ethics according to the teachings of Islam can also be extracted directly from the Koran and the Prophet Harest. For example, because of the prohibition of usury, the owners of capital is always directly involved and responsible for the way the company owns, even against workers who dipekerjakannya. Companies in the economic system of Islam is not a family company Company Limited which can holders of the shares of companies submit it to the director or manager of wages. Indeed, in the system so that there is no company that became very large, such as in the world capitalist West, but also there is no company that suddenly go bankrupt or dibangkrutkan.
Business ethics of Islam uphold the spirit of mutual trust, honesty and justice, while between owners and employees of developing the spirit of kinship (Brotherhood). For example, in the company of Islamic salary employees can be lowered if the company really losers, and employees also get bonuses if company profits increase. The young laborers still living with parents can be paid lower, while the results and have children can be paid higher than colleagues who muda.
Because of ethical guidelines be made in economic activities and business, the business ethics according to the teachings of Islam can also be extracted directly from the Koran and the Prophet Harest. For example, because of the prohibition of usury, the owners of capital is always directly involved and responsible for the way the company owns, even against workers who dipekerjakannya. Companies in the economic system of Islam is not a family company Company Limited which can holders of the shares of companies submit it to the director or manager of wages. Indeed, in the system so that there is no company that became very large, such as in the world capitalist West, but also there is no company that suddenly go bankrupt or dibangkrutkan.
Business ethics of Islam uphold the spirit of mutual trust, honesty and justice, while between owners and employees of developing the spirit of kinship (Brotherhood). For example, in the company of Islamic salary employees can be lowered if the company really losers, and employees also get bonuses if company profits increase. The young laborers still living with parents can be paid lower, while the results and have children can be paid higher than colleagues who muda.
ISLAMIC ECONOMIC SYSTEM
ISLAMIC ECONOMIC SYSTEM
Islamic economic system different from Capitalism, Socialism, and the State Welfare (Welfare State). Capitalism is different from Islam as against exploitation by the owners of capital to labor and the poor, and prohibit cumulation wealth. "Woe to every ..., which collects property and calculating" (104-2). Poor people in the Islamic dihujat not as a group that is lazy and does not like to save or invest. Islamic teachings that uphold the most tangible efforts to achieve equality for social justice, "not only outstanding wealth among the people only the rich among you" (59:7).
Socialism is with, different Islamic countries in terms of power, which is very strong in the Socialism and decide. The freedom of individuals who highly valued in Islam clearly contrary to the teachings of Socialism.
Finally, the teachings of Economic Welfare (Welfare State), which is in the middle between Socialism and Capitalism is closer to the teachings of Islam. The difference is that in the Islamic ethics really be a guide economic behavior while in the Welfare State is not the case, because the ethics Welfare State is not a secular lead in "vertical integration" between material and spiritual aspirations (Naqvi, h80)
It can be concluded that the fulfillment of the Islamic material and spiritual really kept keseimbangannya, and pengaturaan by the state, although there will not be authoritarian.
State intervention, directed primarily at reconciling the possible social Conflict between man's Ethical and economic behaviors can not lead society onto the "road to serfdom", but will guide it gently along the road to freedom and human Dignity (Naqvi, 1951.h81)
Islamic economic system different from Capitalism, Socialism, and the State Welfare (Welfare State). Capitalism is different from Islam as against exploitation by the owners of capital to labor and the poor, and prohibit cumulation wealth. "Woe to every ..., which collects property and calculating" (104-2). Poor people in the Islamic dihujat not as a group that is lazy and does not like to save or invest. Islamic teachings that uphold the most tangible efforts to achieve equality for social justice, "not only outstanding wealth among the people only the rich among you" (59:7).
Socialism is with, different Islamic countries in terms of power, which is very strong in the Socialism and decide. The freedom of individuals who highly valued in Islam clearly contrary to the teachings of Socialism.
Finally, the teachings of Economic Welfare (Welfare State), which is in the middle between Socialism and Capitalism is closer to the teachings of Islam. The difference is that in the Islamic ethics really be a guide economic behavior while in the Welfare State is not the case, because the ethics Welfare State is not a secular lead in "vertical integration" between material and spiritual aspirations (Naqvi, h80)
It can be concluded that the fulfillment of the Islamic material and spiritual really kept keseimbangannya, and pengaturaan by the state, although there will not be authoritarian.
State intervention, directed primarily at reconciling the possible social Conflict between man's Ethical and economic behaviors can not lead society onto the "road to serfdom", but will guide it gently along the road to freedom and human Dignity (Naqvi, 1951.h81)
Differences Bank Syariah
Differences Bank Syariah
Glance when viewed in the technical, savings in the bank's de-sharia that occur in conventional banks almost no difference. This is because, in the sharia banks and conventional banks are required to follow technical rules of banking in general. However, when observed in more, there are some fundamental differences between the two.
The first difference lies in the akadnya. In the Sharia bank, all transactions must be based on the contract that allowed by the sharia. Thus, all transactions must follow the rules and regulations that apply to the contract-contract muamalah sharia. In a conventional bank, the opening of the account transactions, both giro, savings and time deposits, based on the agreement points, but the principle points are not in accordance with the rules of sharia, for example wadi'ah, because the gyro products, savings and time deposits, promising benefits to the level of fixed interest the money paid.
Second, there are differences in the benefits provided. The Bank uses the concept of conventional costs (the cost concept) to calculate benefits. This means that the interest promised in advance to the depositor is a customer fee or fees must be paid by the bank. Therefore, the bank must "sell" to other customers (borrowers) with the cost of higher interest rates. The differences between them called the indicative spreads whether the company is fortunately or loss. If it spreads positive, in which the burden of interest charged to borrowers from higher interest rates given to depositors, it can be said that the bank's benefit. Conversely also true.
Meanwhile, the bank sharia use the profit-sharing approach, meaning that the funds received will be distributed to bank financing. The benefits of financing is split into two, to the bank and to customers, based on profit sharing agreement in advance.
The third difference is the target credit / financing. The depositors in the bank is not a conventional aware that saved money loaned to various businesses, regardless of halal-illicit business.
Meanwhile, the sharia banks, savings and the distribution of the community are limited by basic principles, namely the principles of sharia means that the loan can not be to such illicit business, gambling, drink underway, pornography and other businesses that are not in accordance with sharia.
Thus we review this time around the product perbanak sharia. Hopefully, this review can add knowledge and alternative means of investment.
Glance when viewed in the technical, savings in the bank's de-sharia that occur in conventional banks almost no difference. This is because, in the sharia banks and conventional banks are required to follow technical rules of banking in general. However, when observed in more, there are some fundamental differences between the two.
The first difference lies in the akadnya. In the Sharia bank, all transactions must be based on the contract that allowed by the sharia. Thus, all transactions must follow the rules and regulations that apply to the contract-contract muamalah sharia. In a conventional bank, the opening of the account transactions, both giro, savings and time deposits, based on the agreement points, but the principle points are not in accordance with the rules of sharia, for example wadi'ah, because the gyro products, savings and time deposits, promising benefits to the level of fixed interest the money paid.
Second, there are differences in the benefits provided. The Bank uses the concept of conventional costs (the cost concept) to calculate benefits. This means that the interest promised in advance to the depositor is a customer fee or fees must be paid by the bank. Therefore, the bank must "sell" to other customers (borrowers) with the cost of higher interest rates. The differences between them called the indicative spreads whether the company is fortunately or loss. If it spreads positive, in which the burden of interest charged to borrowers from higher interest rates given to depositors, it can be said that the bank's benefit. Conversely also true.
Meanwhile, the bank sharia use the profit-sharing approach, meaning that the funds received will be distributed to bank financing. The benefits of financing is split into two, to the bank and to customers, based on profit sharing agreement in advance.
The third difference is the target credit / financing. The depositors in the bank is not a conventional aware that saved money loaned to various businesses, regardless of halal-illicit business.
Meanwhile, the sharia banks, savings and the distribution of the community are limited by basic principles, namely the principles of sharia means that the loan can not be to such illicit business, gambling, drink underway, pornography and other businesses that are not in accordance with sharia.
Thus we review this time around the product perbanak sharia. Hopefully, this review can add knowledge and alternative means of investment.
Basic Principles of Islamic Banking Products
Basic Principles of Islamic Banking Products
You never hear the term bank sharia, or, more broad-based economic sharia again. May even so, many of you who already use the Islamic financial services institutions. Some of you think that there are sharia bank only to Muslim communities. What is the correct way, the bank sharia only Muslim nation prepared for the course?
Sorry, when you think of such.
Bank Syariah actually applies to all persons or Universal. Sharia itself is just a principle or a system in accordance with the rules or the teachings of Islam. Anyone can take advantage of sharia bank financial services.
When the monetary crisis in Indonesia, Medio, 1997, the syariah system has provided benefits for many circles. Of course, you remember, at that time, loan interest rates high to rebound tens percent. As a result, many of the businesses that can not afford to pay. However, this phenomenon does not apply to businesses that use funds from the bank's sharia. The businessman does not need to pay interest to tens percent, enough to share their results with Sharia bank. The determination of the percentages for the results conducted at the beginning of the loan.
You never hear the term bank sharia, or, more broad-based economic sharia again. May even so, many of you who already use the Islamic financial services institutions. Some of you think that there are sharia bank only to Muslim communities. What is the correct way, the bank sharia only Muslim nation prepared for the course?
Sorry, when you think of such.
Bank Syariah actually applies to all persons or Universal. Sharia itself is just a principle or a system in accordance with the rules or the teachings of Islam. Anyone can take advantage of sharia bank financial services.
When the monetary crisis in Indonesia, Medio, 1997, the syariah system has provided benefits for many circles. Of course, you remember, at that time, loan interest rates high to rebound tens percent. As a result, many of the businesses that can not afford to pay. However, this phenomenon does not apply to businesses that use funds from the bank's sharia. The businessman does not need to pay interest to tens percent, enough to share their results with Sharia bank. The determination of the percentages for the results conducted at the beginning of the loan.
Bank Syari'ah (Islamic Bank)
Bank Syari'ah (Islamic Bank)
Sharia bank is a bank that all transactions in accordance with sharia. now there are two terms for bank designation. Bank conventional and sharia banks. From the use of the term this is what describes the ideology of the country by using this term. The term should be replaced sharia banks -> conventional banks and conventional bank-> syubhat bank (the bank who doubted, I would not say illegal).
In general there are three karektersitik sharia bank. First of all transactions that do not use bunga.Tidak will conduct illicit transactions. as lend the money to buy the franchise rights "final", lend money to make bad debts, etc.. but I have not whether it will reject sharia bank deposits of money from people who are famous swashbuckler corruption. the third received funding charity, infaq, and charity from the Muslim community to be distributed to communities in need. I still alms were distributed to 8 groups according to the charity recipient of the Holy Qur'an.
Interest in the concept of sharia replaced with a bank draft for the results. here I will explain the implementation of one of the few products Sharia bank. yaiu for the type of savings. when you save the banks to sharia. You will be given for the displacements as a result of interest rate change. For instance, you save money and receive 1,000,000 for the results of 40%. How to continue the calculation so that we can get additional money in our savings. So overall the results from the accumulation of money was ex 60.000.0000 savings will be channeled to the borrower, if get the benefits eg 10000000. And given the benefits such as banks 5,000,000.
Additional money 1.000.000/60.000.000 = 40/100 X X 5000000
= additional money for the results (in percent) savings balance X / X gains Total Savings Bank.
From the formula above we can see that the additional money will be obtained based on the variable profits obtained a bank.
But how the loss. for instance, I was financing the loan does not benefit or loss, which means that the bank is also not untun. then we also will not benefit.
Sharia bank is a bank that everything transkasi in accordance with sharia. now there are two terms for bank designation. Bank conventional and Sharia bank. From the use of the term this is what describes the ideology of the country by using this term. The term should be replaced sharia banks -> conventional banks and conventional bank-> syubhat bank (the bank who doubted, I would not say illegal).
In general there are three karektersitik Sharia bank. First of all transactions that do not use bunga.Tidak will conduct illicit transactions. as lend the money to buy the franchise rights "final", lend money to make bad debts, etc.. but I have not whether it will reject sharia bank deposits of money from people who are famous swashbuckler corruption. the third received funding charity, infaq, and charity from the Muslim community to be distributed to communities in need. I still alms were distributed to 8 groups according to the charity recipient of the Holy Qur'an.
Interest in the concept of sharia replaced with a bank draft for the results. here I will explain the implementation of one of the few products Sharia bank. yaiu for the type of savings. when you save the banks to sharia. You will be given for the displacements as a result of interest rate change. For instance, you save money and receive 1,000,000 for the results of 40%. How to continue the calculation so that we can get additional money in our savings. So overall the results from the accumulation of money was ex 60.000.0000 savings will be channeled to the borrower, if get the benefits eg 10000000. And given the benefits such as banks 5,000,000.
Additional money 1.000.000/60.000.000 = 40/100 X X 5000000
= additional money for the results (in percent) savings balance X / X gains Total Savings Bank.
From the formula above we can see that the additional money will be obtained based on the variable profits obtained a bank.
But how the loss. for instance, I was financing the loan does not benefit or loss, which means that the bank is also not untun. then we also will not benefit.
Sharia bank is a bank that all transactions in accordance with sharia. now there are two terms for bank designation. Bank conventional and sharia banks. From the use of the term this is what describes the ideology of the country by using this term. The term should be replaced sharia banks -> conventional banks and conventional bank-> syubhat bank (the bank who doubted, I would not say illegal).
In general there are three karektersitik sharia bank. First of all transactions that do not use bunga.Tidak will conduct illicit transactions. as lend the money to buy the franchise rights "final", lend money to make bad debts, etc.. but I have not whether it will reject sharia bank deposits of money from people who are famous swashbuckler corruption. the third received funding charity, infaq, and charity from the Muslim community to be distributed to communities in need. I still alms were distributed to 8 groups according to the charity recipient of the Holy Qur'an.
Interest in the concept of sharia replaced with a bank draft for the results. here I will explain the implementation of one of the few products Sharia bank. yaiu for the type of savings. when you save the banks to sharia. You will be given for the displacements as a result of interest rate change. For instance, you save money and receive 1,000,000 for the results of 40%. How to continue the calculation so that we can get additional money in our savings. So overall the results from the accumulation of money was ex 60.000.0000 savings will be channeled to the borrower, if get the benefits eg 10000000. And given the benefits such as banks 5,000,000.
Additional money 1.000.000/60.000.000 = 40/100 X X 5000000
= additional money for the results (in percent) savings balance X / X gains Total Savings Bank.
From the formula above we can see that the additional money will be obtained based on the variable profits obtained a bank.
But how the loss. for instance, I was financing the loan does not benefit or loss, which means that the bank is also not untun. then we also will not benefit.
Sharia bank is a bank that everything transkasi in accordance with sharia. now there are two terms for bank designation. Bank conventional and Sharia bank. From the use of the term this is what describes the ideology of the country by using this term. The term should be replaced sharia banks -> conventional banks and conventional bank-> syubhat bank (the bank who doubted, I would not say illegal).
In general there are three karektersitik Sharia bank. First of all transactions that do not use bunga.Tidak will conduct illicit transactions. as lend the money to buy the franchise rights "final", lend money to make bad debts, etc.. but I have not whether it will reject sharia bank deposits of money from people who are famous swashbuckler corruption. the third received funding charity, infaq, and charity from the Muslim community to be distributed to communities in need. I still alms were distributed to 8 groups according to the charity recipient of the Holy Qur'an.
Interest in the concept of sharia replaced with a bank draft for the results. here I will explain the implementation of one of the few products Sharia bank. yaiu for the type of savings. when you save the banks to sharia. You will be given for the displacements as a result of interest rate change. For instance, you save money and receive 1,000,000 for the results of 40%. How to continue the calculation so that we can get additional money in our savings. So overall the results from the accumulation of money was ex 60.000.0000 savings will be channeled to the borrower, if get the benefits eg 10000000. And given the benefits such as banks 5,000,000.
Additional money 1.000.000/60.000.000 = 40/100 X X 5000000
= additional money for the results (in percent) savings balance X / X gains Total Savings Bank.
From the formula above we can see that the additional money will be obtained based on the variable profits obtained a bank.
But how the loss. for instance, I was financing the loan does not benefit or loss, which means that the bank is also not untun. then we also will not benefit.
Economic Challenges of Islam and Capitalism
Economic Challenges of Islam and Capitalism
Differences between the economic system of Islam with the economic system are:
* The basic assumption / basic norms and rules in the process of interaction or economic activity that is applied. In the Islamic economic system is essentially the assumption that Islamic sharia, is applied extensively both to individuals, families, community groups, entrepreneurs and the authorities / government to meet their needs for both physical and spiritual needs.
* Economic principle of Islam is the implementation of the principle of efficiency and benefits by maintaining the natural environment.
* Islamic economic motive is seeking luck in the world and the Hereafter as khalifatullah with the way worship in a broad sense.
Talking about the economic system of Islam and the capitalist economic system can not be released from the differences in opinion on the penny-haramnya interest by a theologian who is considered as usury be forbidden by the Koran.
Benefits of money in various functions both as a trade tool, tool storage assets and support the transition from system to system of barter economy, money, by the author of Islam has been recognized, but they agree on usury as a concept that should be avoided in the economy.
Interest in the banking system (seekers system) starting believed by some experts as the factors that lead to the poor economic situation and the system of interest as a factor driving investment and savings in the Indonesian economy, reliability is not the only way to overcome the weak economic.
Prohibition of usury in Islam aims to build a building that set the economic capital that it can not work by itself, and there is no profit for the capital without work and without placement on the risk at all. Because Islam is explicitly stated war against usury and humanity of Islam compulsory leave (Qs.al-Baqarah: 278), but the Islamic menghalalkan seek profits through commerce (Qs.83 :1-6)
Economic crisis: economist Muslim Agenda Resolution
The economic crisis caused by a variety of matters, among others:
- The decline in the quality of moral / mental retardation, can be said as the most important factors.
- Justice is not evenly distributed (collusion).
- Lack of openness / transparency by the government in various matters.
- A system that uses economic system usury.
In addition to the matters mentioned above, many other factors that encourage economic crisis, for example, the political atmosphere is not stable, competition is not healthy, the crisis of trust, and there is one thing that is currently being discussed by many economists, that the economic system that is not appropriate to be applied, so that there is an economic system with a new formula.
The concept of economic activities in the Muslim overcome the crisis (especially in Indonesia), the outline can be described as follows:
1. Moral education / mental absolutely must be improved, both from the people-per-person, household, community, and the country. Nuance and moral starters must always be echoed in each engage in activities either, berekonomi, berbudaya, and others.
2. Justice is evenly covering various areas, including: Equity improvement of human resources, equality of justice in the implementation of the law, meaning that each offender must have decisive sanctions.
3. The existence of transparency / openness in any activities that involve the lives of nationalism and state.
4. Tracking the source that caused the crisis (what crisis tegantung).
5. Applying the economic system of Islam and remove the practice of acquiring money.
(Opinion Dumairy, MA - lecturers and economic observer of Islam - 1998)
Differences between the economic system of Islam with the economic system are:
* The basic assumption / basic norms and rules in the process of interaction or economic activity that is applied. In the Islamic economic system is essentially the assumption that Islamic sharia, is applied extensively both to individuals, families, community groups, entrepreneurs and the authorities / government to meet their needs for both physical and spiritual needs.
* Economic principle of Islam is the implementation of the principle of efficiency and benefits by maintaining the natural environment.
* Islamic economic motive is seeking luck in the world and the Hereafter as khalifatullah with the way worship in a broad sense.
Talking about the economic system of Islam and the capitalist economic system can not be released from the differences in opinion on the penny-haramnya interest by a theologian who is considered as usury be forbidden by the Koran.
Benefits of money in various functions both as a trade tool, tool storage assets and support the transition from system to system of barter economy, money, by the author of Islam has been recognized, but they agree on usury as a concept that should be avoided in the economy.
Interest in the banking system (seekers system) starting believed by some experts as the factors that lead to the poor economic situation and the system of interest as a factor driving investment and savings in the Indonesian economy, reliability is not the only way to overcome the weak economic.
Prohibition of usury in Islam aims to build a building that set the economic capital that it can not work by itself, and there is no profit for the capital without work and without placement on the risk at all. Because Islam is explicitly stated war against usury and humanity of Islam compulsory leave (Qs.al-Baqarah: 278), but the Islamic menghalalkan seek profits through commerce (Qs.83 :1-6)
Economic crisis: economist Muslim Agenda Resolution
The economic crisis caused by a variety of matters, among others:
- The decline in the quality of moral / mental retardation, can be said as the most important factors.
- Justice is not evenly distributed (collusion).
- Lack of openness / transparency by the government in various matters.
- A system that uses economic system usury.
In addition to the matters mentioned above, many other factors that encourage economic crisis, for example, the political atmosphere is not stable, competition is not healthy, the crisis of trust, and there is one thing that is currently being discussed by many economists, that the economic system that is not appropriate to be applied, so that there is an economic system with a new formula.
The concept of economic activities in the Muslim overcome the crisis (especially in Indonesia), the outline can be described as follows:
1. Moral education / mental absolutely must be improved, both from the people-per-person, household, community, and the country. Nuance and moral starters must always be echoed in each engage in activities either, berekonomi, berbudaya, and others.
2. Justice is evenly covering various areas, including: Equity improvement of human resources, equality of justice in the implementation of the law, meaning that each offender must have decisive sanctions.
3. The existence of transparency / openness in any activities that involve the lives of nationalism and state.
4. Tracking the source that caused the crisis (what crisis tegantung).
5. Applying the economic system of Islam and remove the practice of acquiring money.
(Opinion Dumairy, MA - lecturers and economic observer of Islam - 1998)
Basics of Economy Islam
Basics of Economy Islam
1) aimed to achieve a prosperous society in the world and the Hereafter, achieving optimal pemuasan various needs both physical and spiritual in a balanced, both individuals and society. And for that equipment pemuas optimally achieved without the sacrifice of the waste and preservation of nature still intact.
2) The rights belong to individuals recognized as a relatively business and labor in lawful and used for things that also permissible.
3) No store property and make terlentar.
4) In the property there are rights for poor people always ask, therefore, must be achieved so that the division of dinafkahkan talk.
5) In certain limits, property rights are subject to relatively charity.
6) Businesses are allowed, but forbidden usury.
7) No differences in the tribe and the descendants of the same work and the size difference is the performance of the work.
Then the value of the foundation to become the focus tegaknya Islamic economic system is as follows:
Value of basic economic system of Islam:
1) The fact is the ownership of expediency, not mastery.
2) The balance multiplicity aspects in humans.
3) Justice between fellow human beings.
Instrumental value of the economic system of Islam:
1) Liabilities charity.
2) Prohibition of usury.
3) economic cooperation.
4) social security.
5) The role of the state.
Philosophically, the value of the economic system of Islam:
1) The economic system of Islam which are bound value.
2) The Islamic economic system is dynamic, meaning in the research and development progress continuously.
Normative value of the economic system of Islam:
1) Platform aqidah.
2) Platform akhlaq.
3) Platform sharia.
4) Al-Karim Qur'anul.
5) Ijtihad (Ra'yu), including Qualifications of a mujtahid, the problem mursalah, istihsan, See, and urf.
2) The rights belong to individuals recognized as a relatively business and labor in lawful and used for things that also permissible.
3) No store property and make terlentar.
4) In the property there are rights for poor people always ask, therefore, must be achieved so that the division of dinafkahkan talk.
5) In certain limits, property rights are subject to relatively charity.
6) Businesses are allowed, but forbidden usury.
7) No differences in the tribe and the descendants of the same work and the size difference is the performance of the work.
Then the value of the foundation to become the focus tegaknya Islamic economic system is as follows:
Value of basic economic system of Islam:
1) The fact is the ownership of expediency, not mastery.
2) The balance multiplicity aspects in humans.
3) Justice between fellow human beings.
Instrumental value of the economic system of Islam:
1) Liabilities charity.
2) Prohibition of usury.
3) economic cooperation.
4) social security.
5) The role of the state.
Philosophically, the value of the economic system of Islam:
1) The economic system of Islam which are bound value.
2) The Islamic economic system is dynamic, meaning in the research and development progress continuously.
Normative value of the economic system of Islam:
1) Platform aqidah.
2) Platform akhlaq.
3) Platform sharia.
4) Al-Karim Qur'anul.
5) Ijtihad (Ra'yu), including Qualifications of a mujtahid, the problem mursalah, istihsan, See, and urf.
ECONOMY ISLAM????
Economy Is Islam?
The capitalist system is currently used have been many shows with the failure cause of the economic crisis. Economic system of Islam as an alternative option to begin extractive applied as a new economic system. How can the economic system of Islam is? Islamic economic system has fundamental differences with the other economic system, where in the economic system of Islam, there are moral values and religious values in each of their activities.
Islamic economic principles are:
- Freedom of the individual.
- The right to property.
- Economic inequality in the limit.
- Unified social.
- Social Security.
- Prohibition accumulate wealth.
- Prohibition against anti-social institutions.
- VIRTUES individuals in the community.
CONCEPT
The concept of Islamic Economics
Islam takes a convention between the two extreme views of the (capitalist and communist) and try to establish a balance between both (material and spiritual). The success of the economic system of Islam depends on the extent of adjustments can be made between the needs of material and spiritual needs / needed human ethics. Source economic guidelines al-Islam is the Koran and the Sunnah Messenger, namely in:
- AL-QUR'AN.al-Ahzab: 72 (Human beings as a caretaker mandate of God).
- AL-QUR'AN.Hud: 61 (For memakmurkan life on earth).
- AL-QUR'AN.al-Baqarah: 30 (About honorable position as the caliph of God on earth).
Things that are not clearly stipulated in the second source of Islamic teachings is obtained by way of diligence requirements.
The capitalist system is currently used have been many shows with the failure cause of the economic crisis. Economic system of Islam as an alternative option to begin extractive applied as a new economic system. How can the economic system of Islam is? Islamic economic system has fundamental differences with the other economic system, where in the economic system of Islam, there are moral values and religious values in each of their activities.
Islamic economic principles are:
- Freedom of the individual.
- The right to property.
- Economic inequality in the limit.
- Unified social.
- Social Security.
- Prohibition accumulate wealth.
- Prohibition against anti-social institutions.
- VIRTUES individuals in the community.
CONCEPT
The concept of Islamic Economics
Islam takes a convention between the two extreme views of the (capitalist and communist) and try to establish a balance between both (material and spiritual). The success of the economic system of Islam depends on the extent of adjustments can be made between the needs of material and spiritual needs / needed human ethics. Source economic guidelines al-Islam is the Koran and the Sunnah Messenger, namely in:
- AL-QUR'AN.al-Ahzab: 72 (Human beings as a caretaker mandate of God).
- AL-QUR'AN.Hud: 61 (For memakmurkan life on earth).
- AL-QUR'AN.al-Baqarah: 30 (About honorable position as the caliph of God on earth).
Things that are not clearly stipulated in the second source of Islamic teachings is obtained by way of diligence requirements.
Langganan:
Komentar (Atom)
