Sebetulnya, saya sudah coba menjalankan-nya tetapi apa daya, orang yang diberi amah berkhianat.
Mungkin yang perlu dibenahi, manusia-nya dahulu wassalam eric st pangeran Houston, USA >From: Delil Khairat <[EMAIL PROTECTED]> >Reply-To: [EMAIL PROTECTED] >To: [EMAIL PROTECTED] >Subject: Re: [RantauNet] Western funds find faith in Islamic investing >Date: Mon, 18 Mar 2002 19:33:09 +0000 (GMT) > > > Assalamualaikum, >Terima kasih responnya. >Kapan ya, Ekonomi Islam bisa maju di Indonesia, negri dengan populasi >muslim terbesar. Kita jauh tertinggal dari tetangga Malaysia. >Upss...bukankah semestinya Ranah Minang bisa jadi pionir dalam hal ini? >Wassalam, >Delil > ries woodhouse <[EMAIL PROTECTED]> wrote: >Sdr Delil yth, terima kasih atas kiriman article nya. >Ries Woodhouse Geneva > > >From: Delil Khairat >Reply-To: [EMAIL PROTECTED] >To: >[EMAIL PROTECTED], [EMAIL PROTECTED], >[EMAIL PROTECTED] >Subject: [RantauNet] Western funds find faith in >Islamic investing >Date: Sun, 17 Mar 2002 16:03:45 +0000 (GMT) > > > > > >Assalamualaikum, > >Berita tiga minggu lalu dari The Financial Times, >insyaallah belum basi. > >Wassalam, > >Delil > > > >Western funds find >faith in Islamic investing >By James Mawson >Published: February 24 2002 >15:50 | Last Updated: February 24 2002 17:08 > > > >US and European fund >managers running specialist Islamic funds held their breath after the >architects of the September 11 attacks on the US were found to be Islamic >extremists. It was feared that they would be caught up in the worldwide >hunt for the secret sources of terrorist money. > >Yet, nearly six months >on, as Muslims from around the world gather in Mecca for their hajj, the >fund managers - who manage the funds on behalf of banks in the Middle East >and South East Asia - are anticipating something of a >revival. HSBC, the UK-listed bank, which has $3bn (�2bn) assets under >management and three Islamic funds, is predicting growth of assets under >management of up to 40 per cent this year. > >It was not until 1996 that >the Fiqh Academy of scholars in Jeddha, which rules on a permissible code >of conduct for Muslims, permitted the launch of the first Islamic equity >funds. > >However, some fund managers keen to tap into the potentially >lucrative market of 1.5bn Muslims and more than $100bn of assets had >already jumped the gun. The first mutual fund was launched by Kleinwort >Benson in 1986, followed by the Al-Ahli International Trade fund in 1987 - >both were launched without the official seal of approval. > >Today, >market-leaders include HSBC, Citigroup, the US banking group, Wellington, >the US specialist, and Permal, the subsidiary of Worms & Cie, the >Swiss-based bank. > >Under Sharia law, which governs the lives of the >followers of Islam, investors are not allowed to hold stakes in banks or >insurance companies because they are usurious. > Nor are they allowed to buy the shares of companies whose main business >is alcohol, pork, defence, gambling or entertainment. > >Yet there are >disagreements among scholars about what is halal, or lawful. Notably, there >is a divide between the Middle East, where there is a strict interpretation >of Sharia law, and South East Asia. > >The regions take different >approaches to debt, with Malaysia, in particular, allowing non-asset backed >securities. > >Early on, these disagreements stemmed the flow of new money >into the funds. The pioneers, who had licked their lips at the prospect of >winning a lucrative slice of the potentially huge market, were disappointed >by the scholarly squabbles. > >But, according to Iqbal Kahn, chief >executive officer of HSBC's Dubai-based Amanah finance division, the recent >standardisation work of the Accounting and Auditing Organisation for >Islamic Financial Institutions, a Bahrain body, has narrowed the >differences and encouraged new sales of Islamic fund products. > >This has >given fund managers new hope of > a revival of Islamic investing. So too has the growing interest of >non-Muslim investors. In Egypt, members of the Coptic Church, the Christian >minority, use Islamic funds. In Malaysia, one of the world's largest Muslim >nations, roughly 20 per cent of investors in Islamic funds are Chinese. > > >In these cases, investment is not strictly based on financial criteria. >According to Mr Kahn, non-Muslim investors buy into Islamic funds out of >goodwill for their host country and a desire to fit in. Sometimes, too, >there are tax advantages for investing. > >But there are also financial >opportunities. The FTSE Global Islamic index, which tracks 912 companies, >was launched at the start of 1999 on 47.30 points. Last week it was at >about 83.00, after rebounding from a dip suffered after September 11. > > >Stella Cox, director of Dawney Day, a UK niche investment boutique, and >fellow of the London-based Institute of Islamic Banking and Insurance, >estimates that there is up to $5bn in more than 100 authorised Islamic >investment funds. Of this, 60 p >er cent is put into equities screened for compliance with Sharia >guidelines. The rest, for the most part, is invested in property or cars, >which are then leased to customers under a fee system called Ijara. > >The >terrorist attacks in New York and Washington have not dented fund managers' >plans for new funds. > >In the aftermath, several Islamic funds were >launched, including Mutajarah, a fund of hedge funds from Towry Law Asset >Management, a Malaysia-based subsidiary of AMP, the Australian insurer. > > >Al-Rajhi, Saudi Arabia's largest pure Islamic finance bank, wants to >capitalise on its reputation by launching a Luxembourg-based Islamic fund. > > >This is giving new hope to Islamic fund management specialists. Mr Kahn >says: "If the market rises and institutions and [government's] investment >authorities take more of a leap into Islamic funds, then we could see >growth of up to 40 per cent this year. > >"If everything does not go so >well, then this could be nearer 15 to 20 per cent." > > >Delil Khairat > >London Guildhall University >84 >Moorgate >London >Mobile: +44 77 89 202 204 >Home: +44 20 899 50 435 > > > >--------------------------------- >Do You Yahoo!? >Get personalised at My >Yahoo!. > >--------------------------------- >Chat with friends online, try MSN Messenger: Click Here >RantauNet http://www.rantaunet.com Isikan data keanggotaan anda di >http://www.rantaunet.com/register.php3 >=============================================== Mendaftar atau berhenti >menerima RantauNet Mailing List di http://www.rantaunet.com/subscribe.php3 >ATAU Kirimkan email Ke/To: [EMAIL PROTECTED] Isi email/Messages, >ketik pada baris/kolom pertama: -mendaftar--> subscribe rantau-net >[email_anda] -berhenti----> unsubscribe rantau-net [email_anda] Keterangan: >[email_anda] = isikan alamat email anda tanpa tanda kurung >=============================================== > >Delil Khairat >London Guildhall University >84 Moorgate >London >Mobile: +44 77 89 202 204 >Home: +44 20 899 50 435 > > >--------------------------------- >Do You Yahoo!? >Get personalised at My Yahoo!. _________________________________________________________________ Chat with friends online, try MSN Messenger: http://messenger.msn.com RantauNet http://www.rantaunet.com Isikan data keanggotaan anda di http://www.rantaunet.com/register.php3 =============================================== Mendaftar atau berhenti menerima RantauNet Mailing List di http://www.rantaunet.com/subscribe.php3 ATAU Kirimkan email Ke/To: [EMAIL PROTECTED] Isi email/Messages, ketik pada baris/kolom pertama: -mendaftar--> subscribe rantau-net [email_anda] -berhenti----> unsubscribe rantau-net [email_anda] Keterangan: [email_anda] = isikan alamat email anda tanpa tanda kurung ===============================================
