After the collapse of socialist systems, the capitalist system is estimated to be shrinking. Limit signs in his end of the capitalist system can be seen from increase credit derivatives, from Rp. 500 trillion in 1998, to Rp. 24 000 trillion at the end of December 2002. Not to mention the amount of bonds that default to USD. 1650 trillion, an amount far greater than the number of bond defaults during the previous 20 years. Ready to fall with this system or looking for an alternative system?
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The failure of the capitalist economy could no longer be covered up. This capitalist economic system had indeed succeeded in creating a modern society like today. Unfortunately, the number capable of being raised only a small part of society, not entirely. As many as 40 percent of the population is still in a state income less than two dollars per day. Thus, the Millennium Development Goals (MDGs), UN tries to cope with the poverty reduction target of 50 percent in 15 years. So far, the target was not reached. In fact, this year, it increased the number of world poverty is almost 100 million.
King Henry VIII was a controversial figure. Her desire to have more than one wife became one of the triggers breakdown of relations with the British empire of the Roman Catholic church. King Henry VIII finally married his wife six people who have their own unique character. Catherine of Aragon, received the nickname The Traitor (the Betrayed Wife), was the first wife. Anne Boleyn, second wife, nicknamed The Seducer (The Temptress).
Taxation has become a very sensitive political issue. Because of the disappointment that had accumulated on the management (collection / utilization) taxes, there arose a very serious moral movement impact, tax boycott. If not treated quickly, the movement could be a wild ball which threatens the legitimacy of governments, even the existence of the state itself. Taxes are the life blood (life blood) countries. Taxes paid by the state erect; tax boycott collapsed state. Naudzubillah.
From the point of economic analysis, policy muhajirin unite people with the Ansar was giving economic impact is very large, making the country prosperous Medina at a later date. Fiscal policy plays an important role in the Islamic economic system when compared to monetary policy. The existence of the prohibition of usury and the obligation of zakat expenditure implies the importance of fiscal policy position compared with monetary policy. Given the time that the Islamic state built the Prophet did not inherit property in pendirinan as befits a country, then fiscal policy is an important role in building the Islamic state.
Financial disaster struck the country the superpower United States. Several world-class giant banks that have mastered to various parts of the world fall. Starting from the bankruptcy of Lehman Brothers, the giant banks and giant financial company Bear Stearns. Moments earlier, the U.S. government was forced to take over the largest mortgage companies in America; Freddie Mac and Fannie Mae while Merrill Lynch had not much different conditions to be acquired by Bank of America. Finally the largest insurance company AIG (American International Group) shows the same critical phenomenon.
The development and progress of Islamic financial practices are fantastic, has changed the map of thought and the world's financial practices significantly. Although born in 1975 (refer to the establishment of the Islamic Development Bank / IDB in Jeddah), discourse and practice of Islamic finance has penetrated both developed and developing countries on five continents. In fact, before the IDB stands, the format of Islamic economics and finance are blurred.
On May 18, 1998, public prosecutors from 20 states, the District of Columbia and the United States Department of Justice, demanding Microsoft Corp. for allegedly violating anti-trust regulations. The Justice Department claims Microsoft is not fair to force consumers to use software products, especially Internet Explorer Web browser through the Windows operating system, which has prevented the occurrence of healthy competition. The U.S. government has accused Microsoft of monopolistic practices have been done.
scientific yes, history yes, including work in the economic field. Even a person can be considered defected from the teachings of God when in conflict with, and the death penalty would be given to him. Told In the dark ages, the western world experienced a setback in the field of science.
The global crisis began to show off to anyone who is not prepared for it. Big banks, big corporations with a reputation for hundreds of years forced out of business. Islamic financial institutions began to receive the effects, especially those just interested in fulfilling the formalities aspects of sharia, but forget the spirit of sharia itself.
In the philosophical discourse of Islam and Sufism, is no doubt that Hujjat al-Islam al-Imam al-Ghazali (450 H/505 H) is one of the Islamic thinker who is very popular. He is not only famous in the Islamic world, but also in the intellectual history of mankind in general. Al-Ghazali's thinking is not only true in his day, but in certain contexts, and respond to penetrate the various issues of contemporary humanity. Among Muslims, he was better known as Sufism and philosophical character.
The global financial crisis that hit the international world in recent months has given an indication of how fragile the global financial system that relies only to the financial markets in several international markets. Capitalist system which has become the locomotive for world economic movement failed to create a valued new world economic order that is more just, balanced, and capable of providing welfare for the inhabitants of the earth.
Investment Dar, an investment company based in Kuwait, half owner of Aston Martin Lagonda shares, is the first company failed to meet its obligations for 100 million dollars for the issuance of sukuk. It is the duty value of the periodic sukuknya which will mature in 2010. Nakheel, the owner megaproyek man-made islands shaped palm tree, is also expected sukuknya forced to restructure 3.5 billion worth of U.S. dollars which will be due in December.
Money which is running an economy lubricants are always a hot topic for discussion. Like an engine without oil, the economy also will not work without the money. However, many of us who only understand the meaning of money in the context of its form as paper money and coins. In fact, the definition of money is anything that can be accepted as a means of payment for goods and services in an economic system. In fact, in ancient times people used stone, animal skins, salt, and shells as money. At the time of the Prophet (SAW), gold coins (dinars), which comes from the Roman and silver coins (dirhams), which comes from the Persian are the two precious metals are regarded as currency. In the current era, paper money (fiat money) has become a common means of payment used in all countries in the world.
In recent days, exactly on the date of 1 sd March 4, 2009, Indonesia hosted the World Islamic Economic Forum (WIEF) to-5. WIEF usually attended by hundreds of participants from various countries to discuss economic and Islamic finance, with a scientific approach and empirical-practical. The last meeting was held last year in Kuwait.
Although the practices of Islamic economics and finance including Islamic banking in the country have shown significant progress in recent years, but challenges to future development will obviously not always easy. Therefore, the various supporting elements should continue to be optimized to help accelerate progress in the Islamic economic future.
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