The rate of growth of Islamic banking is very fast, but still many people do not understand the principles that apply in Islamic banking. No wonder if there is a majority of people who still doubt the principles of Islamic banking. The principle is the rule of Islamic law based on agreement between the bank and others to deposit funds and financing activities or other activities in accordance with Islamic law.
Here are five principles embraced by the law arrives Islamic banking system:
- Payment of loans with different values of the loan value with the predetermined value is not allowed.
- Provision of funds must also share the profits and losses as a result of the institutions that borrow funds business.
- In principle Islam does not allow making money from money. Money is only a medium of exchange and not a commodity because it has no intrinsic value.
- The element of uncertainty or speculation (Gharar) not allowed. Therefore, both parties must know all too well the results of which will they gain from a transaction.
- Investments should only be given to those businesses which are not forbidden under Islamic law. For example, businesses in the liquor trade should not be funded by Islamic banking.
In the end, the principles of Islamic banking would bring good for the communities as a promising balance its economic system. Islamic banking has been regulated within the range of transactions that are not harmful for both parties. Because if the transaction is detrimental to one party violates the provisions of Islamic law has been used as the foundation of Islamic banking principles derived from Quran and Hadith.
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Sulawesi mainland landscape, ranging from north to south many mines contain a very high value. sulawesi area west of the mining sector there is gold content, coal, and oil. In Central Sulawesi nickel mines have the resources that are abundant. Similarly, in the new autonomous areas have the potential sources of Gorontalo oil mining and gas exploration and not on the island of Buton in Southeast Sulawesi has an abundant source of asphalt.
Any area that has a source of mine who have benefited from the content of the mine, the nickel is located in Banggai regency in Central Sulawesi region. According to the mining and energy services Banggai, in the last two years until the first semester of 2009 to export 189,056 metric tons of nickel to Australia and China. The amount of nickel exports to Australia reached 137,156 metric tons to five times the shipping. While exports to China as much as 51,900 metric tons in one shipment.
This export activities carried out by two multi-national mining companies, namely “PT Aneka Nusantara Internasional” ANI) and “PT Anugerah Tompira Nickel” (ATN). Estimated in the second semester of 2009, this nickel exports could rise above 100 percent for the two mining companies continue to increase its production capacity to meet orders from Australia and China.
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Barack Obama economic policy is now faced with this very dilemma. So far, the U.S. economy which is run by the Republican leadership tends to the global market-oriented (market driven). Meanwhile, economic paradigm of the Democratic Party is strengthening the domestic economy is based on the growth of so little against the market economy system with the characteristics of strong efficiency and profit-oriented.
This type of economic system tends to maximize the capitalization of economic resources available. The objective is to reap all the profitable business opportunities. Alignments to the big investors so strong, so that the existence of large industries has impacted on the pattern of economic policies that run. Various strategies and tactics were effectively carried out throughout the competition won.
But in reality, the market economy system too far out of control. As a result, beyond a doubt the quality of the economy has fallen dramatically. In fact, banking liquidity drained away because of lack of attention to operational banking prudence (prudently banking system). Intermediary function started weak. Industrial companies have great difficulty in obtaining bank funding. Stock prices falling main. Capital markets can be contracted without predictable when it will end. The economy became less excited. In fact, swelled the state budget deficit and the GDP (gross domestic product) declined sharply.
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barack obama, business opportunities, capitalization, democratic party, dilemma, economic paradigm, Economic Policies, economic policy, economic system, market driven, obama, party, policy, Republican, US economy
