Without speculation, Sharia Economy Is Resistant to Crisis

Without speculation, Sharia Economy Is Resistant to Crisis
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In the midst of threats impact the global financial crisis, Islamic banks do not have retardation. In contrast, Islamic banking industry proved to be a solid financial industry.

Characteristics of Islamic banking system is to operate on the principles of providing an alternative to the banking system that mutually beneficial for society and the bank. In addition, Islamic banking system emphasizes aspects of fairness in trade, ethical investment, promote the values of togetherness and goodwill in production, and avoid speculative activity in financial transactions.

Islamic Economics is built with the values of honesty, openness, and free. Free from the element of gambling (maysir), unclear (gharar), and usury. This Islamic Economics is universal, suitable for everyone.

By providing a variety of products and services a wide range of banking services with financial schemes that more varied, alternative Islamic banking into the banking system is credible and can be attractive to all social groups without exception.
Islamic economics could play a role not only in the Muslim environment, but also with other religions. Community began to see the feasibility of Islamic financing.

Islamic banking is expected to be a role model for the bank to return to duty. For Islamic principles, do not allow speculative products. If this is implemented correctly, the risk of this crisis will not exist. Islamic Bank contains Islamic values that provide a healthy economic base, reasonable, fair, and transparent.

The existence of the global financial and economic crisis currently providing valuable lesson that a strong economy cannot stand on the speculative activities. The existence of increasingly sophisticated products, the complex gives a fatal side effect, because it is difficult to measure the value of risk.