By HELENA BACHMANN
On the ninth floor of the Seef Tower in Manama, the small, opulent capital of Bahrain, the Noriba Bank offers its well-heeled clientele a wide range of financial services, from portfolio management to leasing. From its offices you can see the city's famous Al Fateh mosque. The proximity is significant, because even though Noriba, which opened in September, is wholly owned by Switzerland's largest bank, UBS Group, it is the only Western bank in the Gulf that insists that all of its services adhere to the strict letter of Islamic law, known as Shari'a.
Compliance is neither easy nor cheap. The law, which derives from the Koran, covers all areas of Islamic life, including management of financial affairs. Pious Muslims are not allowed to invest in industries that have ties to tobacco, alcohol, weapons, pornography or pork products. Since the law prohibits banks from charging or paying interest, Noriba and other Islamic Financial Institutions (ifis) instead make money by using a system based on the sharing of capital gains or losses.
But even with post-Sept. 11 suspicions that Islamic banks may fund terrorist organizations, demand for the services of ifis is on the rise from the towers of Bahrain to the streets of London. Indeed, they represent one of banking's hottest sectors. A recent report by Standard and Poor's found that the growth rate of Islamic banking services outpaced that of conventional banking during the past decade. "Most observers agree on an annual growth rate of 10%," says Anouar Hassoune, a Standard and Poor's analyst in Paris. "Total assets now managed by ifis are close to $300 billion, while Islamic equity funds and off-balance-sheet investment accounts are conservatively estimated between $15 billion and $30 billion." Taken together, that's roughly the equivalent of Russia's gross domestic product.
No wonder Western banks are eager to capitalize on this lucrative market. While Bahrain's Noriba is operating exclusively under Shari'a principles, several others — HSBC, Citibank, Commerzbank and BNP Paribas — provide Shari'a-compliant services along with conventional ones. UBS won't disclose its projected future profits in Bahrain. But Noriba ceo Toufic Kanafani says, "If we didn't see the potential for Islamic banking, we wouldn't have opened this bank. The demand for competent Shari'a products and services is growing continually."
Until the 1970s, banking in the Islamic world was largely confined to the informal hawala system, under which money was transferred through brokers without leaving a paper trail. The system came under scrutiny when it was linked to the al-Qaeda network around the world. But around 1975 Muslim nations in the Gulf and Asia, aided by the Islamic Development Bank, an organization fostering economic and social development in the Muslim world, started to offer Islamic financial services. The banks' first customers were modest families running small businesses. Over the past decade ifis gradually increased their global reach; most customers are small and medium-sized enterprises, Hassoune says.
With the majority of ifis based in Asia and the Gulf region, Shari'a-friendly financial products for small businesses and middle-income individuals are only beginning to catch on in Europe. One exception is Britain, where Islamic banking — including investments, mutual funds and other share-buying options — is rapidly expanding to serve the country's estimated 2.5 million Muslims. The United Bank of Kuwait (UBK) introduced Shari'a home-purchase plans in Britain in 1997; in the past three years it has sold some 600 of its Ijara plans (see illustration) and now approves about 30 a month. Shorof Uddin, a 27-year-old forensic accountant, is awaiting his home-purchase plan approval with UBK. Before learning about Shari'a-compliant mortgage alternatives six months ago, he took out a traditional mortgage to purchase an apartment in East London; now he's switching.
But there's a hitch. In order to avoid paying interest, the property must change hands twice — from seller to the bank and from the bank to the customer — which means two sets of stamp duty to be paid to the U.K. government. In Uddin's case, switching will cost him an additional j7,900 in extra stamp duty and penalties. But he remains undaunted. "Shari'a mortgages cost a lot but it's worth paying the price," he says.
Unless the double taxation is eliminated, Shari'a home-purchase plans will be unaffordable for some of those who want them. And providers have work to do to get the word out. A recent university study of Leicester's Muslim community showed that many respondents did not know about Islamic financial services. "No one really worked closely with that community," says Simon Walker, a sales manager at the West Bromwich Building Society in England's West Midlands, which recently began to offer Shari'a-compliant mortgages.
And there are other obstacles. Because the universe of Shari'a-compliant stocks is limited, funds based on this type of investing tend to under-perform the market — an investor turnoff. Scandal has also taken its toll — in 2000, 17 former managers of the Dubai Islamic Bank were convicted of embezzling millions of dollars of investors' money. "Islamic banking is still a virgin territory," notes Rumman Faruqi, ceo of the London-based Institute of Islamic Banking and Insurance. "We have a lot of catching up to do."
But the sector remains upbeat. "We are seeing more risk-taking innovations in Islamic asset management," says Rushdi Siddiqui, director of Dow Jones' Islamic Market Indexes, which lists about 1,400 Shari'a-compliant stocks in its global-equity index. "Islamic banks and investors have become more sophisticated and will demand more complex investment vehicles," Hassoune predicts. And as long as there are believers like Uddin, the future of Shari'a-compliant banking looks bright.
Monday, August 25, 2008
Thursday, August 21, 2008
Islamic Banking in Britain
An article by Helena Christofi
London is the leading Islamic banking center in the West. Islamist clerics with terrorist connections and a mission to Islamize Europe are infiltrating the United Kingdom through its banking system, and British officials are encouraging them. HSBC, Lloyds TSB, and Citigroup have opened Islamic banking units and branches throughout England. In 2005 the first stand-alone British Islamic bank, Islamic Bank of Britain, opened its doors. Middle Eastern Islamic banks have also set up shop in the UK.
Islamic banks are managed according to shari’a law, the defining principle being the prohibition of interest in all monetary transactions as commanded in the Qur’an. The other defining feature of Islamic banks is their operation of shari’a advisory boards comprised of Islamic scholars and clerics whose job it is to ensure that the banks’ activities comply with shari’a law. Proponents of the Islamic economic model (of which Islamic banking is a central pillar) argue that the Islamic system is superior to capitalism because it is structured around a strict code of ethics prohibiting exploitative practices, such as the charging of interest, with the aim of constructing a moral society. Capitalism’s single-minded focus on money, they argue, produces the social ills we see in the West whose manifestation would become impossible under the Islamic model.
Sheik Yousef Al-Qaradawi, a leading Sunni cleric, spiritual leader of the Muslim Brotherhood, and instigator and financier of terrorism in Europe and the Middle East, heads the fundamentalist European Council for Fatwa and Research, several of whose most prominent members sit on every major British Islamic bank’s shari’a board. Both Al-Qaradawi and the Council have expressed their hope that “Islam will return to Europe as a conqueror” by way of “preaching and ideology” or “by the sword.”
British Islamic banks have naturally positioned themselves as the moral alternative to conventional banking for Muslims (research done by Lloyds TSB found that over seventy five percent of British Muslims want shari’a-compliant banking products). But the banks are also targeting non-Muslims with the message that their services are ethically superior to those of the West, pushing the idea that interest – and capitalism – is unethical and should be replaced in Europe by the Islamic financial model. In such a situation the West’s conversion to Islam would occur in tandem. The message is catching on; Mufti Abdul Barkatullah, shari’a adviser to Lloyds TSB and imam at the North Finchley mosque, reports that twenty percent of the inquiries into Islamic products at one of Lloyds’ Islamic branches come from non-Muslims.
Barkatullah told The Guardian:
Interest is bad because it diverts resources from the poor to the rich and so concentrates wealth […] Instead of a few being superrich through interest, Islamic finance and its emphasis on the exchange of useful goods and services rather than exchanging interest on money, leads to a fairer society. Barkatullah proceeded to advocate a ban on interest in the UK altogether, stating a ban could lead to “self-sufficiency” and “fairness in society.” The Guardian corroborates the position held by Islamic banking’s supporters, naively echoing their argument that interest discourages industry. Wasn’t England the birthplace of the Industrial Revolution and creator of the common law, the most successful and equitable legal system in history? But Barkatullah and The Guardian didn’t just fail to study up on basic British history; they also failed to reveal Islamic banking’s dirty little secret: Islamic banks charge interest just like their conventional counterparts. Any bank, be it Islamic or conventional, risks running losses if it does not charge some form of interest; Islamic banks circumvent this danger by extending a type of Islamic “credit” that shifts risk to the borrower in a manner similar to interest. An Islamic bank granting murabaha credit to a customer for an automobile, for example, would purchase the automobile for the customer for £10,000 and the customer would owe the bank £12,000 in a year’s time. Similarly, under the “diminishing musharaka” credit, the Islamic version of a mortgage, the bank and the customer purchase the property together. The customer must make monthly payments to the bank and pay a monthly rental fee, both based on the portion of the purchase price the bank still owns. Ironically, the interest this amounts to ranges between one and two percent higher than the interest on a conventional mortgage (4.75-5% APR conventional rate versus 6.16-6.45% APR Islamic rate). Although the resale price of the vehicle and the rent paid on the house are akin to simple interest charges, the banks’ shari’a boards legitimate the charges by renaming them “commissions” or “profits.” Islamic banks could not remain profitable – or ideologically influential – if they complied with the Qur’anic injunction again interest. The justification for replacing capitalism with the Islamic model is based on an intentional corruption of shari’a law, but the banks’ clerics don’t seem to mind undermining their theological philosophy, since the ethical image their misrepresentation has created for Islamic banking has managed to spread Islamic ideology to non-Muslims in Britain. According to Al-Qaradawi, Islam’s ideological infiltration into the West will be the vehicle through which it will establish an Islamic government over the entire globe:
Perhaps the next conquest [of Europe], Allah willing, will be by means of preaching and ideology. The conquest need not necessarily be by the sword […] Europe will see that it suffers from materialistic culture, and will seek an alternative […] It will find no lifesaver but the message of Islam […] Allah willing, Islam will return to Europe and the Europeans will convert to Islam. Then they themselves will be able to be the ones to disseminate Islam in the world.Replacing western institutions with a global Islamic order is, in fact, the goal of Al-Qaradawi’s Muslim Brotherhood. According to its founder, Hassan Al-Bana, the Brotherhood seeks to “[reclaim] Islam’s manifest destiny; an empire, founded in the seventh century, that stretched from Spain to Indonesia,” and its 1982 “secret plan” exhorted its members “to channel thought, education and action in order to establish an Islamic power on the earth.” The Muslim Brotherhood is a central link between Islamic banking and Islamic fundamentalism; the first Islamic bankers were members of the Muslim Brotherhood who wanted to use “the structural power of bank ownership” to advance the fundamentalist movement in the Gulf States in the 1970s. Today, its most powerful progeny, the Kuwait Finance House, covertly finances fundamentalist groups in Kuwait and abroad. Dr. Ahmad Al-Rabi, a former Kuwaiti official, stated in a 2005 newspaper column that the “beginnings of all of the religious terrorism that we are witnessing today were in the Muslim Brotherhood’s ideology.” This is not a casual exaggeration; the Brotherhood’s members founded Al-Qaeda, bombed the World Trade Center in 1993, and applauded the 2001 World Trade Center massacre as America’s just desserts. With the Muslim Brotherhood directly involved in Islamic banking in Europe, Al-Qaradawi’s hope that Islam conquers Europe either by “ideology” or “by the sword” is becoming a palpable possibility. A look at two European Islamic banks is revealing: Al-Qaradawi is a principal shareholder and past shari’a adviser to Bank Al-Taqwa, part of the Al-Taqwa group based in Lugano, Switzerland. The United States government has designated the Al-Taqwa group a financier of Osama Bin Laden and Al-Qaeda, and in 1995 Italy’s anti-terrorist agency DIGOS allegedly told Swiss federal prosecutors that Al-Taqwa “comprises the most important financial structure of the Muslim Brotherhood and Islamic terrorist organizations.” Like the Kuwait Finance House, Bank Al-Taqwa was established with significant backing from the Muslim Brotherhood, and the network is believed to have also financed Hamas, the Palestinian Liberation Organization, and similar Islamist groups throughout the Middle East. The list of Al-Taqwa’s shareholders corroborates the assessment made by DIGOS; among the shareholders is Muslim Brotherhood founder Hassan Al-Banna, Osama Bin Laden’s sisters Huta and Iman Bin Laden, members of Hamas and figures connected to Al-Qaeda, and Al Taqwa founder and director Ahmed Idriss Nasreddin, who previously worked for the Bin Laden Group. Bank Al-Taqwa is connected to another Islamic banking entity in Europe suspected of terrorism, Al Rajhi Banking and Investment Corporation (which is headquartered in Saudi Arabia and operates an office in London). Suleiman Abdel Aziz Al Rajhi, chairman of Al Rajhi’s board of directors, is believed to have funded Al-Qaeda early on, and US officials allege he transferred over $20 million to Al-Taqwa through his network of fraudulent US-based non-profit organizations. Al Rajhi also worked for Bank Al-Taqwa. At least three other British shari’a advisors sit on the European Council for Fatwa and Research with Al-Qaradawi and two others possess potential connections to Islamist entities, yet Chancellor Gordon Brown continues to promote the UK as a hub for Islamic banking.
London is the leading Islamic banking center in the West. Islamist clerics with terrorist connections and a mission to Islamize Europe are infiltrating the United Kingdom through its banking system, and British officials are encouraging them. HSBC, Lloyds TSB, and Citigroup have opened Islamic banking units and branches throughout England. In 2005 the first stand-alone British Islamic bank, Islamic Bank of Britain, opened its doors. Middle Eastern Islamic banks have also set up shop in the UK.
Islamic banks are managed according to shari’a law, the defining principle being the prohibition of interest in all monetary transactions as commanded in the Qur’an. The other defining feature of Islamic banks is their operation of shari’a advisory boards comprised of Islamic scholars and clerics whose job it is to ensure that the banks’ activities comply with shari’a law. Proponents of the Islamic economic model (of which Islamic banking is a central pillar) argue that the Islamic system is superior to capitalism because it is structured around a strict code of ethics prohibiting exploitative practices, such as the charging of interest, with the aim of constructing a moral society. Capitalism’s single-minded focus on money, they argue, produces the social ills we see in the West whose manifestation would become impossible under the Islamic model.
Sheik Yousef Al-Qaradawi, a leading Sunni cleric, spiritual leader of the Muslim Brotherhood, and instigator and financier of terrorism in Europe and the Middle East, heads the fundamentalist European Council for Fatwa and Research, several of whose most prominent members sit on every major British Islamic bank’s shari’a board. Both Al-Qaradawi and the Council have expressed their hope that “Islam will return to Europe as a conqueror” by way of “preaching and ideology” or “by the sword.”
British Islamic banks have naturally positioned themselves as the moral alternative to conventional banking for Muslims (research done by Lloyds TSB found that over seventy five percent of British Muslims want shari’a-compliant banking products). But the banks are also targeting non-Muslims with the message that their services are ethically superior to those of the West, pushing the idea that interest – and capitalism – is unethical and should be replaced in Europe by the Islamic financial model. In such a situation the West’s conversion to Islam would occur in tandem. The message is catching on; Mufti Abdul Barkatullah, shari’a adviser to Lloyds TSB and imam at the North Finchley mosque, reports that twenty percent of the inquiries into Islamic products at one of Lloyds’ Islamic branches come from non-Muslims.
Barkatullah told The Guardian:
Interest is bad because it diverts resources from the poor to the rich and so concentrates wealth […] Instead of a few being superrich through interest, Islamic finance and its emphasis on the exchange of useful goods and services rather than exchanging interest on money, leads to a fairer society. Barkatullah proceeded to advocate a ban on interest in the UK altogether, stating a ban could lead to “self-sufficiency” and “fairness in society.” The Guardian corroborates the position held by Islamic banking’s supporters, naively echoing their argument that interest discourages industry. Wasn’t England the birthplace of the Industrial Revolution and creator of the common law, the most successful and equitable legal system in history? But Barkatullah and The Guardian didn’t just fail to study up on basic British history; they also failed to reveal Islamic banking’s dirty little secret: Islamic banks charge interest just like their conventional counterparts. Any bank, be it Islamic or conventional, risks running losses if it does not charge some form of interest; Islamic banks circumvent this danger by extending a type of Islamic “credit” that shifts risk to the borrower in a manner similar to interest. An Islamic bank granting murabaha credit to a customer for an automobile, for example, would purchase the automobile for the customer for £10,000 and the customer would owe the bank £12,000 in a year’s time. Similarly, under the “diminishing musharaka” credit, the Islamic version of a mortgage, the bank and the customer purchase the property together. The customer must make monthly payments to the bank and pay a monthly rental fee, both based on the portion of the purchase price the bank still owns. Ironically, the interest this amounts to ranges between one and two percent higher than the interest on a conventional mortgage (4.75-5% APR conventional rate versus 6.16-6.45% APR Islamic rate). Although the resale price of the vehicle and the rent paid on the house are akin to simple interest charges, the banks’ shari’a boards legitimate the charges by renaming them “commissions” or “profits.” Islamic banks could not remain profitable – or ideologically influential – if they complied with the Qur’anic injunction again interest. The justification for replacing capitalism with the Islamic model is based on an intentional corruption of shari’a law, but the banks’ clerics don’t seem to mind undermining their theological philosophy, since the ethical image their misrepresentation has created for Islamic banking has managed to spread Islamic ideology to non-Muslims in Britain. According to Al-Qaradawi, Islam’s ideological infiltration into the West will be the vehicle through which it will establish an Islamic government over the entire globe:
Perhaps the next conquest [of Europe], Allah willing, will be by means of preaching and ideology. The conquest need not necessarily be by the sword […] Europe will see that it suffers from materialistic culture, and will seek an alternative […] It will find no lifesaver but the message of Islam […] Allah willing, Islam will return to Europe and the Europeans will convert to Islam. Then they themselves will be able to be the ones to disseminate Islam in the world.Replacing western institutions with a global Islamic order is, in fact, the goal of Al-Qaradawi’s Muslim Brotherhood. According to its founder, Hassan Al-Bana, the Brotherhood seeks to “[reclaim] Islam’s manifest destiny; an empire, founded in the seventh century, that stretched from Spain to Indonesia,” and its 1982 “secret plan” exhorted its members “to channel thought, education and action in order to establish an Islamic power on the earth.” The Muslim Brotherhood is a central link between Islamic banking and Islamic fundamentalism; the first Islamic bankers were members of the Muslim Brotherhood who wanted to use “the structural power of bank ownership” to advance the fundamentalist movement in the Gulf States in the 1970s. Today, its most powerful progeny, the Kuwait Finance House, covertly finances fundamentalist groups in Kuwait and abroad. Dr. Ahmad Al-Rabi, a former Kuwaiti official, stated in a 2005 newspaper column that the “beginnings of all of the religious terrorism that we are witnessing today were in the Muslim Brotherhood’s ideology.” This is not a casual exaggeration; the Brotherhood’s members founded Al-Qaeda, bombed the World Trade Center in 1993, and applauded the 2001 World Trade Center massacre as America’s just desserts. With the Muslim Brotherhood directly involved in Islamic banking in Europe, Al-Qaradawi’s hope that Islam conquers Europe either by “ideology” or “by the sword” is becoming a palpable possibility. A look at two European Islamic banks is revealing: Al-Qaradawi is a principal shareholder and past shari’a adviser to Bank Al-Taqwa, part of the Al-Taqwa group based in Lugano, Switzerland. The United States government has designated the Al-Taqwa group a financier of Osama Bin Laden and Al-Qaeda, and in 1995 Italy’s anti-terrorist agency DIGOS allegedly told Swiss federal prosecutors that Al-Taqwa “comprises the most important financial structure of the Muslim Brotherhood and Islamic terrorist organizations.” Like the Kuwait Finance House, Bank Al-Taqwa was established with significant backing from the Muslim Brotherhood, and the network is believed to have also financed Hamas, the Palestinian Liberation Organization, and similar Islamist groups throughout the Middle East. The list of Al-Taqwa’s shareholders corroborates the assessment made by DIGOS; among the shareholders is Muslim Brotherhood founder Hassan Al-Banna, Osama Bin Laden’s sisters Huta and Iman Bin Laden, members of Hamas and figures connected to Al-Qaeda, and Al Taqwa founder and director Ahmed Idriss Nasreddin, who previously worked for the Bin Laden Group. Bank Al-Taqwa is connected to another Islamic banking entity in Europe suspected of terrorism, Al Rajhi Banking and Investment Corporation (which is headquartered in Saudi Arabia and operates an office in London). Suleiman Abdel Aziz Al Rajhi, chairman of Al Rajhi’s board of directors, is believed to have funded Al-Qaeda early on, and US officials allege he transferred over $20 million to Al-Taqwa through his network of fraudulent US-based non-profit organizations. Al Rajhi also worked for Bank Al-Taqwa. At least three other British shari’a advisors sit on the European Council for Fatwa and Research with Al-Qaradawi and two others possess potential connections to Islamist entities, yet Chancellor Gordon Brown continues to promote the UK as a hub for Islamic banking.
Wednesday, August 20, 2008
New Islamic Bank (Syariah Bank) in Indonesia
There are several new Islamic Bank (Islamic Banking Unit) in Indonesia:
1. BPD Jawa Timur Syariah
2. PT Bank Ekspor Indonesia Syariah
3. Bank Lippo Syariah
4. Bank Tabungan Pensiunan Nasional Syariah
5. BPD Jawa Tengah Syariah
Other Islamic Banking Unit:
1. Bank IFI Syariah
2. Bank Negara Indonesia Syariah
3. BPD Jabar Syariah
4. Bank Rakyat Indonesia Syariah
5. Bank Danamon Syariah
6. Bank Bukopin Syariah
7. Bank Internasional Indonesia Syariah
8. Hongkong and Shanghai Banking Corporation Amanah
9. BPD DKI Syariah
10. BPD Riau Syariah
11. BPD Kalimantan Selatan Syariah
12. Bank Niaga Syariah
13. BPD Sumatera Utara Syariah
14. BPD Aceh Syariah
15. Bank Permata Syariah
16. Bank Tabungan Negara Syariah
17. BPD Nusa Tenggara Syariah
18. BPD Kalimantan Barat Syariah
19. BPD Sumatera Selatan Syariah
20. BPD Kalimantan Timur Syariah
21. BPD DI Yogyakarta Syariah
22. BPD Sulawesi Selatan Syariah
23. BPD Sumatera Barat Syariah
1. BPD Jawa Timur Syariah
2. PT Bank Ekspor Indonesia Syariah
3. Bank Lippo Syariah
4. Bank Tabungan Pensiunan Nasional Syariah
5. BPD Jawa Tengah Syariah
Other Islamic Banking Unit:
1. Bank IFI Syariah
2. Bank Negara Indonesia Syariah
3. BPD Jabar Syariah
4. Bank Rakyat Indonesia Syariah
5. Bank Danamon Syariah
6. Bank Bukopin Syariah
7. Bank Internasional Indonesia Syariah
8. Hongkong and Shanghai Banking Corporation Amanah
9. BPD DKI Syariah
10. BPD Riau Syariah
11. BPD Kalimantan Selatan Syariah
12. Bank Niaga Syariah
13. BPD Sumatera Utara Syariah
14. BPD Aceh Syariah
15. Bank Permata Syariah
16. Bank Tabungan Negara Syariah
17. BPD Nusa Tenggara Syariah
18. BPD Kalimantan Barat Syariah
19. BPD Sumatera Selatan Syariah
20. BPD Kalimantan Timur Syariah
21. BPD DI Yogyakarta Syariah
22. BPD Sulawesi Selatan Syariah
23. BPD Sumatera Barat Syariah
Wednesday, August 13, 2008
JARINGAN KANTOR BANK SYARIAH DI INDONESIA - INDONESIA SHARIAH BANK NETWORK
Sudah tahu jumlah kantor bank syariah saat ini?
Do you know shariah bank netwrok in Indonesia?
Per Maret 2008 sudah terdapat (Per March 2008, there are) :
1- 3 Bank Umum Syariah (Islamic Commercial Banks)
2- 23 Unit Usaha Syariah (Islamic Banking Unit)
3- 107 Bank Perkreditan Rakyat Syariah (Islamic Rural Banks)
Jumlah jaringan bank saat ini (Total network) :
148 Kantor Pusat (Head Office)
230 Kantor Cabang (Branch Office)
120 Kantor Cabang Pembantu (Sub Branch Unit)
25 Unit Pelayanan Syariah (Syariah Service Unit)
203 Kantor Kas, tidak termasuk Gera (Cash Office, not include Office Channeling).
Do you know shariah bank netwrok in Indonesia?
Per Maret 2008 sudah terdapat (Per March 2008, there are) :
1- 3 Bank Umum Syariah (Islamic Commercial Banks)
2- 23 Unit Usaha Syariah (Islamic Banking Unit)
3- 107 Bank Perkreditan Rakyat Syariah (Islamic Rural Banks)
Jumlah jaringan bank saat ini (Total network) :
148 Kantor Pusat (Head Office)
230 Kantor Cabang (Branch Office)
120 Kantor Cabang Pembantu (Sub Branch Unit)
25 Unit Pelayanan Syariah (Syariah Service Unit)
203 Kantor Kas, tidak termasuk Gera (Cash Office, not include Office Channeling).
Tuesday, August 12, 2008
Investasi Terikat - Mudharabah Muqayyadah
Investasi Terikat atau Mudharabah Muqayyadah adalah suatu produk dengan karakteristik sebagai berikut:
a. Investor (shahibul maal) menginvestasikan dananya kepada Bank disertai dengan pernyataan bahwa investasi tersebut dijaminkan kepada Bank atas pembiayaan yang diberikan oleh Bank kepada Pelaksana Usaha tertentu.
b. Atas investasi tersebut, Investor memperoleh return dari pembiayaan yang diberikan oleh Bank kepada Pelaksana Usaha tertentu tersebut.
c. Investasi Terikat bisa dibukukan secara on balance sheet atau off balance sheet.
a. Investor (shahibul maal) menginvestasikan dananya kepada Bank disertai dengan pernyataan bahwa investasi tersebut dijaminkan kepada Bank atas pembiayaan yang diberikan oleh Bank kepada Pelaksana Usaha tertentu.
b. Atas investasi tersebut, Investor memperoleh return dari pembiayaan yang diberikan oleh Bank kepada Pelaksana Usaha tertentu tersebut.
c. Investasi Terikat bisa dibukukan secara on balance sheet atau off balance sheet.
Wednesday, August 6, 2008
Persiapan investasi ramadhan
Gak terasa, ramadhan sebentar lagi tiba...
Sudah siap fisik? ruhani? investasi?
Lho.. kenapa harus mempersiapkan investasi?
Gini..., kita sudah capek-capek puasa, menahan diri...
dari makanan haram dan yang halal (pada siang hari)
dari pandangan yang haram...
dari ucapan yang tidak baik...
dari perilaku yang tidak baik...
Tapi sudahkah kita menahan diri dari menerima hasil investasi yang tidak halal atau tidak jelas?
Saya menyarankan agar kita bisa memasuki Ramadhan kali ini dengan bersih baik, fisik, ruh dan juga harta. Segera pindahkan investasi anda ke sektor yang sudah jelas halal seperti bank syariah, saham syariah, reksa dana syariah, dan lain-lain.
Ada seorang ustad yang bilang begini: "Setiap bulan Ramadhan orang berlomba meraih pahala, tapi lupa kalau hartanya justru berputar pada investasi yang tidak jelas. Sadarkah kita, saat kita menangis di masjid harta kita mungkin saja digunakan untuk membiayai usaha yang tidak jelas seperti peternakan babi, peternakan anjing, peternakan kodok, miras, hotel, rokok, dan lain-lain."
So, ayo jadikan bulan Ramadhan kali ini lebih bersih lagi... dengan mengalihkan investasi ke sektor halal seperti bank syariah, reksa dana syariah, saham syariah dan lain-lain.
Semoga Ramadhan kali ini lebih bersih.... Amin.
Sudah siap fisik? ruhani? investasi?
Lho.. kenapa harus mempersiapkan investasi?
Gini..., kita sudah capek-capek puasa, menahan diri...
dari makanan haram dan yang halal (pada siang hari)
dari pandangan yang haram...
dari ucapan yang tidak baik...
dari perilaku yang tidak baik...
Tapi sudahkah kita menahan diri dari menerima hasil investasi yang tidak halal atau tidak jelas?
Saya menyarankan agar kita bisa memasuki Ramadhan kali ini dengan bersih baik, fisik, ruh dan juga harta. Segera pindahkan investasi anda ke sektor yang sudah jelas halal seperti bank syariah, saham syariah, reksa dana syariah, dan lain-lain.
Ada seorang ustad yang bilang begini: "Setiap bulan Ramadhan orang berlomba meraih pahala, tapi lupa kalau hartanya justru berputar pada investasi yang tidak jelas. Sadarkah kita, saat kita menangis di masjid harta kita mungkin saja digunakan untuk membiayai usaha yang tidak jelas seperti peternakan babi, peternakan anjing, peternakan kodok, miras, hotel, rokok, dan lain-lain."
So, ayo jadikan bulan Ramadhan kali ini lebih bersih lagi... dengan mengalihkan investasi ke sektor halal seperti bank syariah, reksa dana syariah, saham syariah dan lain-lain.
Semoga Ramadhan kali ini lebih bersih.... Amin.
Friday, August 1, 2008
Besok Sidang
Alhamdulillaah...
akhirnya sidang tesis juga...
Mohon doa... besok jam 9.30 WIB.
Btw, betenya... baru dikabari hari ini...
Tapi, saya sudah siaaap...
akhirnya sidang tesis juga...
Mohon doa... besok jam 9.30 WIB.
Btw, betenya... baru dikabari hari ini...
Tapi, saya sudah siaaap...
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