Saturday, February 21, 2009

Syariah Banking



Jusuf Kalla says a syariah based banking system will better create prosperity.
Vice president Jusuf Kalla, while opening the 2007 Syariah Fair & Bazaar at the Institut Agama Islam Negeri (IAIN) on the 14th in Medan, North Sumatra, said that a banking system based on Islamic syariah law was ideal in order to bring about welfare and prosperity for the people.
The syariah system is the best banking system to create welfare and prosperity for the people as the system is applied on the basis of togetherness/cooperation.(Sistem perbankan Syariah yang paling baik untuk mewujudkan kesejahteraan dan kemakmuran rakyat yang berkeadilan karena sistem syariah dilaksanakan atas prinsip kebersamaan)
Sharia banking had grown in prominence recently, he said, because it relied on the principles of fairness and working together, whereas traditional, western, forms of banking were overly centred on the profit motive where “money seeks money”. Syariah banking in contrast was based not on money but on trade in goods and that both the customers and the banks shared the risks of transactions equally. It also enabled poor people and small businesses to participate in the banking sector because little or no collateral was required.
He added that a number of banks in non-Muslim countries had provided sharia compliant banking facilities, including the United Kingdom and Hong Kong. This had happened to the point where sharia banking could no longer be considered the exclusive preserve of the Islamic religion: [1]
Sharia is no longer a monopoly of Islam.(Syariah kini sudah bukan monopoli Islam.)

0 comments: