ukm bukannya dilayani di level BMT dan BPR Syariah ya? yang dua ini kurang dikembangkan kali yah di pakistan.
salam, Ari <http://papabonbon.wordpress.com> On Tue, Aug 17, 2010 at 3:46 AM, sunny <am...@tele2.se> wrote: > > > http://www.dailytimes.com.pk/default.asp?page=2010 > \08\16\story_16-8-2010_pg3_6 > > Monday, August 16, 2010 > > COMMENT: Should Islamic banking broaden its base? -Muhammad Aftab > > In order to really contribute to the economy, Islamic banks will have to > expand their commercial and investment banking services, and various streams > of deposits should finance these ventures. They will have to diversify their > product mix, making use of their comparative advantage, and not just using > the conventional modes > > Should Islamic banking broaden its base? All un-serviced sectors say that > it should, in case it wishes to finance small enterprises, farmers and the > homeless, rather than concentrating on big business. > > The growing Islamic banking system in Pakistan has finally been asked to > broaden its base and undertake equitable distribution of economic gains. > This is urgently needed because the present Islamic banking paradigm is > based on replication of conventional banking products and totally relies on > debt-based fixed income products. "The total reliance of Islamic banks on > debt-based fixed income products and minimising the risks to almost close to > those of the conventional banking system is blurring the distinction between > Islamic and conventional finance," Yaseen Anwar, acting governor, State Bank > of Pakistan has told bankers. > > Despite the fact that the replication of conventional banking products to > make them shariah-compliant does pass the shariah permissibility test, but > it is insufficient to achieve the larger objectives of an Islamic financial > system. These objectives include enforcement of a broad based and equitable > distribution of economic gains to help boost business and industry. > Ironically, 67 percent financing by the Islamic banks is concentrated in the > corporate sector, instead of financing the needs of smaller enterprises. > > How did this come about? This concentration has taken place through > murabaha, ijarah, and the diminishing musharaka. Most of the corporations > have banking and financing relationships with Pakistan's domestic and > foreign-based conventional banks. "The Islamic banks have to offer > significant price discounts to attract corporate clients. It reduces the > banks' profit margins and limits their ability to offer better returns to > the depositors," Anwar says. > > Islamic banking operations over the last 40 years are seen to be contrary > to the natural business model of Islamic finance, which promotes risk and > reward sharing and encouraging financing to promising start-ups, which is > critical for promoting an entrepreneurial culture. The present practices > also confine the access of finance to the well-established businesses and > corporations; they leave small and medium enterprises (SMEs) and start-up > businesses financially excluded. > > Such enterprises are deprived of financing benefits despite the fact that > such enterprises offer a huge volume of business. The number of these > businesses and industrial units is in millions. These enterprises employ > millions of people and act as the economy's stabilisers when big business > and industry face crisis due to domestic or international causes. > > Since Islamic banking, under profit and loss sharing (PLS), was launched in > Pakistan in the late 1970s, depositors are protesting against paltry profits > they receive on their deposits, often much less than the payout by > conventional deposits. It has discouraged savings. The Islamic banks retain > a large portion of profit, pretending high costs and overheads, and also to > cover the risks. > > Facts contradict their claim; a recent survey confirmed that the Islamic > banks had an 8.7 percent spread, as against 7.19 percent by the conventional > banks. Both Islamic and conventional banks have one of the highest spreads > in the world. It averages around 7.5 percent for conventional banks. Low > interest payouts or profits by both systems leave Pakistan with the lowest > savings rate in the world. > > In order to really contribute to the economy, Islamic banks will have to > expand their commercial and investment banking services, and various streams > of deposits should finance these ventures. They will have to diversify their > product mix, making use of their comparative advantage, and not just using > conventional modes. > > Islamic banking should be profitably extended to new areas, like the rural > farming sector, comprising more than seven million households. It > contributes 20 percent to the annual GDP and is a source of livelihood to 65 > percent of the population. Less than 20 percent of these households have > access to bank credit. The growing SME sector, too, has a major potential > for Islamic banking; it can build low-cost houses and cater to a huge demand > of the homeless. For Islamic banking, is the sky not the limit? > > The writer is an Islamabad-based journalist and former Director General of > APP > > [Non-text portions of this message have been removed] > > > [Non-text portions of this message have been removed] ------------------------------------ ======================= Milis Wanita Muslimah Membangun citra wanita muslimah dalam diri, keluarga, maupun masyarakat. Twitter: http://twitter.com/wanita_muslimah Situs Web: http://www.wanita-muslimah.com ARSIP DISKUSI : http://groups.yahoo.com/group/wanita-muslimah/messages Kirim Posting mailto:firstname.lastname@example.org Berhenti mailto:wanita-muslimah-unsubscr...@yahoogroups.com Milis Keluarga Sejahtera mailto:keluarga-sejaht...@yahoogroups.com Milis Anak Muda Islam mailto:majelism...@yahoogroups.com Milis ini tidak menerima attachment.Yahoo! 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