Syariah Banking

January 15th, 2007, in Business & Economy, by Patung

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.)

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Tags: Banking, Industries, Religion, Sharia

4 Comments on “Syariah Banking”

looking for sally Says:
January 15th, 2007 at 11:26 am
I guess that is what you called overclaimed, the sharia banking could no longer be considered exclusive to Islam just because UK and HK provided the service (I wonder who provide that service and for what customer). Wait for a moment and the conventional banking was too much profit oriented, hell the explaination by JK really beyond my ordinary thinking.
Diana Says:
June 9th, 2007 at 10:13 am
I guess Syariah system is the SOLUTION of economics environment, especially in Indonesia. Because Syariah system show the essential of Nabi Muhammad SAW personality (Tabliq, Amanah, Shidiq, Fatanah) which needed for our economics environtment (include banking). With that way, I’m sure that Indonesia will get the better condition, because everyone (not only moslem) will do their business activities in honesty and togetherness.
Dragonwall Says:
September 9th, 2007 at 1:54 pm
Do you guys think that a Sharia Bank will help Indonesia.

Sharia bank means no interest payable to depositors! How efficient is the Sharia bank in term of Investment?

Because the sharia Bank are making money by lending and earning interest from depositor’s money and not paying depositor interest! Is that halal or haram?Otherwise how are they going paying for the salaries of their staffs and operational costs? From their own pocket? What a joke. Government subsidy? It is all BS.

Remember the case when Abdul Rahman Wahid was working with Astra’s Summa Bank for it to be converted into a Sharia Bank, when Astra was sabotage by Bob Hasan. It was sad case of unwarranted loss for William and Edward Soeradjaya with the help of a traitor doing an inside job by collaborating with outsiders.

Where di Bob Hasan got his money, his Bank BUN all by robbing others and money obtain from illegal levies place on logging that was due to the Indonesian government that went to his pocket.

The short VP is all happy if the Sharia Bank pulls through. I can name you a list of benefits that he will get and not the Indonesian economic. Think it yourself short ass and tell the public what will interest the public and what will benefit you.

Lets not fool the Indonesians into Sharia Banking. Indonesians should also not be fooled into Sharia Banking. What Indonesian needs right now is how to make money. Only those munafik people are willing to have their money and tightened their belts and starve by adopting Sharia Banking. I am not sure how many is willing.
The choice is yours.
sukarno Says:
May 10th, 2008 at 10:45 am
I’m sue syariah bank system will be better of athers as long as the men behind of it who those ‘amanah’ and smart in bank system even conventional and system syariah.