Among trivial question asked by people on Islamic banking is why Islamic bank refer money market rate for charging profit in their financing. While such a rate is a bid-and-offer combination of interest (hence, riba) such a practice will strengthen the image of Islamic bank as being mirror of conventional bank. People keep saying that Islamic bank is just conventional bank under a new robe. The Islamic bank practitioner provide a simple answer for that. "We do not have a alternative reference for the rate."
Monday, December 7, 2009
Tuesday, October 13, 2009
Reborn
This blog is issued on 13th October 2009 at 06.30 pm.
The purpose of this blog is becoming English mirror to what I wrote in Bahasa, which already has its own blog, Ekonomi dan Keuangan Syariah with its address http://ekeusyariah.blogspot.com/. I hope this blog will benefit to english readers who also are hoped their comments and contributions.
Thank you
Jakarta, 13th October 2009
The purpose of this blog is becoming English mirror to what I wrote in Bahasa, which already has its own blog, Ekonomi dan Keuangan Syariah with its address http://ekeusyariah.blogspot.com/. I hope this blog will benefit to english readers who also are hoped their comments and contributions.
Thank you
Jakarta, 13th October 2009
Subscribe to:
Posts (Atom)