By Gerry Octaviano , S.Soc, MBA.
I just wanna give brief story about an entrepreneur (Mr.A) ask to his Ustadz or Moslem Scholar abous his business.
Mr. A has a small hotel in Jogja and he said the environment is really unislamic, he is afraid his hotel will facilitate for people doing Zinah.
Afterwards, He asked an Ustadz whether he has to sell the hotel and find the other business.
Ustadz says it is better you influence this unhealthy environment to become better not the other away around.
Usatadz said, if you (Mr.A) move and this environment will be worst than ever.
It is better if you buy more hotel and create healthy environment which in line with Shariah Principle.
The point is we should influence an environment not environment influence as long we are still in line with Shariah Principle.
Hopefully, can add value for your life. Just wanna inform that in learning MBA Islamic Banking and Finance we learnt that Shariah not only talking about Economic but all aspects eg. medications, technology, philosophy... You can see many Non-Moslem Countries implement Shariah Principle in some cases.
Sunday, July 31, 2011
Tuesday, March 29, 2011
Deceive and deceive....
Deceive and deceive,,
Written by Gerry Octaviano
Never say yes before you do research as much as you can. People who are vulnerable to be cheated, as follow:
- Lack of information
- Judge from the cover (appearance or look such as handsome or beautiful)
- Family or even close friend is not guarantee they are always honest
- Not close to Allah (swt)
- close minded
Hopefully, in any decision you should smart in collecting information prior to decide it. Open your mind and just trust Allah (swt) by reading Quran and Sunnah.
Allah Wa'Allam
We should focus on our own problem not others'!
We should focus on our own problem not others'!
Moslem countries' are no longer focus on their problem but others', I didn't notice this thing before my professor told this thing in the class. You should do a little bit research about how much money that we have spent for AIDS? Do you think this is our problem if our life still in line with Qur'an and sunnah.
While in our own problem which is malaria is only few dollars we spent for doing research about it and we have to aware that how many people in moslem countries cos of this thing? The problem is tropic country not only cos of we can't keep clean which is suggested by Quran and Sunnah.
Do some research about it and fix our mindset.
Islamic banks and finance institutions should have a comprehensive law to regulate their activities, make their products Shariah-compliant and win in
Published: Mar 28, 2011 23:55 Updated: Mar 28, 2011 23:55
JEDDAH: Islamic banks and finance institutions should have a comprehensive law to regulate their activities, make their products Shariah-compliant and win investor confidence, according to a professor at the Department of Economics in the International Islamic University, Malaysia (IIUM).
"At present there is no law defining what is Islamic banking and finance. We need a complete set of rules and regulations. In the absence of such a law, discrepancies will continue," Muhammad Yousuf Saleem told Arab News.
A comprehensive law would bring about dramatic improvement in the quality of Islamic banking and finance services, he said. There are now thousands of Islamic banks and financial institutions across the world, dealing with more than $1 trillion in deposits and assets. "These institutions are in need of a substantial law defining Islamic banking products and banking activities," said Saleem, who holds a doctorate degree in law from IIUM.
He added that many Muslim scholars are not happy with the present Islamic banking system due to the absence of a comprehensive law. The law would create public confidence in the system and encourage more Muslims and non-Muslims to deal with it. "Islamic banks should prove that they are totally different from conventional ones to attract faithful Muslims," he pointed out.
Saleem said Islamic banks should invest in real economy such as industries and agriculture to boost the development of countries and create more job opportunities. "They should take care of not only the interests of shareholders, but also those of common people," he said. He attributed the progress of the Islamic banking sector in Malaysia to strong central bank control.
The IIUM professor demands greater independence for Shariah boards that monitor the activities of Islamic banks and financial institutions. "At present, the board members are appointed and paid by the banks where they work. This is one of the weaknesses of the present system. The power of appointing and removing a board member should be vested in the central bank."
Saleem does not favor the opening of Islamic finance windows at conventional banks. "We can only approve these windows as a transitional step, not as a permanent system, because we don't know how they separate their transactions and use their funds. Traditional banks should open separate branches for Islamic banking to avoid mixing of funds," he explained.
Professor Saleem is optimistic about the future of Islamic banking in the world. "There is a good future for Islamic banks, provided they improve services and focus on real economy, infrastructures and SMEs, and do not invest in credit cards and derivatives," Saleem said. "Conventional banks encourage people to spend more. Islamic banks can put a break on this negative trend," he added.
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