BTC USD 24,638.0 Gold USD 1,786.60
Time now: Jun 1, 12:00 AM

Islamic Banks Survive Financial Crunch -Zeti Aziz-

baim

Active+ Member
Messages
3,214
Joined
Jan 22, 2007
Messages
3,214
Reaction score
18
Points
25
KUALA LUMPUR — With many conventional banks crumpling and going for bankruptcy in the current global financial crunch, the booming Islamic banking industry has largely escaped the fallout.

"Islamic banking has, thus far, remained positive, despite the current challenging global financial environment," Zeti Akhtar Aziz, Malaysia Central Bank Governor, told Agence France-Presse (AFP) on Monday, October 20.

A financial crisis swept the US last month after the collapse of Lehman Brothers, the fourth-largest investment bank, and the financial woes of a number of Wall Street giants.

This triggered a domino effect across the world leaving conventional banks short of credit.

Western government have since pumped billions of dollars into their troubled banks to keep credit flowing and prevent a complete financial meltdown.

"In the current financial turmoil, it is interesting to note that Islamic financing may have prevented a majority of the mess created by the conventional banking and financial institutions," Kuwait Finance House said in a recent report.

"The outlook for Islamic financing is bright and will likely take the lead in terms of providing funding for major projects as the conventional banking system reevaluates its business model."

The rules of Islamic banking and finance read like a how-to guide on avoiding the kind of disaster that is currently gripping world markets.

Islam forbids Muslims from usury, receiving or paying interest on loans.

Transactions by Islamic banks must be backed by real assets -- not shady repackaged subprime mortgages.

Shari`ah-compliant financing deals resemble lease-to-own arrangements, layaway plans, joint purchase and sale agreements, or partnerships.

Investors have a right to know how their funds are being used, and the sector is overseen by dedicated supervisory boards as well as the usual national regulatory authorities.

-balik la ke ajaran islam, nak meniaga pun ikut la sunnah nabi.. insyaallah ader kajayaan-:)cgrock:)cgrock
 
Sponsored Post

silverchair959

Legendary Member
gem
Messages
18,472
Joined
Dec 21, 2005
Messages
18,472
Reaction score
97
Points
135
tp naper islamic nyer loan kan tang nak bayar balik tuh mahal aaa...
 

Sepatu Buruk

Fun Poster
Messages
117
Joined
Apr 4, 2008
Messages
117
Reaction score
0
Points
10
tp naper islamic nyer loan kan tang nak bayar balik tuh mahal aaa...

Kena tengok pro & cons. Boleh pi a few banks dan mintak depa quote. Kemudian bandingkan.

1)Bila BLR naik..?
2)Aqad..?
3)Riba..?

Yang mana lebih berkat? Kadang2 kita cuma menilai rezeki dalam bentuk $$$ saja.

Fikirkan.....
 

anne_81

Fun Poster
Messages
535
Joined
Jan 23, 2007
Messages
535
Reaction score
14
Points
15
tu yg bagusnya islamic banking.. all transactions kena backed by real assets mcm gold.. :)paid

on the other hand conventional banking plak ..lets tgk pada short-term financing mechanism dorg..buying and selling commercial paper..

commercial paper is a way of borrowing money for short periods, typically ranging from overnight to less than a week..these commercial papers are unsecured..not backed by assets or other forms of security..so bila berlaku financial meltdown..investors are shying away from the commercial paper market dan dia dh tk bernilai lg..:(scam
 

zinedine

Banned
Messages
5,741
Joined
Jan 11, 2007
Messages
5,741
Reaction score
23
Points
65
tu yg bagusnya islamic banking.. all transactions kena backed by real assets mcm gold.. :)paid

on the other hand conventional banking plak ..lets tgk pada short-term financing mechanism dorg..buying and selling commercial paper..

commercial paper is a way of borrowing money for short periods, typically ranging from overnight to less than a week..these commercial papers are unsecured..not backed by assets or other forms of security..so bila berlaku financial meltdown..investors are shying away from the commercial paper market dan dia dh tk bernilai lg..:(scam

Pendapat ko ni bagus agaknya. Tapi sayangnya aku (Mgkn ramai forumer CG) tak faham sebab guna BI & banyak istilah ekonomi. Alangkah bagusnya kalau diterangkan guna bahasa rasmi negara Malaysia.
 
Sponsored Post

Top
Log in Register