Loans Without Charges: For Whom?

From Anas that the Prophet Muhammad said: "On the night of my Ascension to Heaven, I saw the writing on the door of heaven, which reads: 'any charity be rewarded ten-fold, each loan was given eighteen-fold reward,' then I ask: ' O Gabriel, why the loan be rewarded more than charity? ', Gabriel replied:' Because someone could get the dole when he did not need it, while someone who borrow borrow only because they were really needed it '". (Narrated by Ibn Majjah and Bayhaqi). 


Similar to when the front desk product launch M-Dinar Dinar so many readers who responded in a short time, the new product front Dinar result of a collaboration between the BMT Daarul Muttaqiin that we could not even give it a name that still use the generic name Loans Without Charges - also get a response enthusiastic than a lot of visitors GeraiDinar.

 Because in addition to the support, the response of visitors is also more of a question - so in this paper I will try to explain more about this product.

 When we initiated the establishment of a BMT which we named Daarul Muttaqiin BMT, the basic idea was to give solution to one of the fundamental problems of race that is not enough availability of the Islamic way out, free of usury, etc. free loan sharks. when people are faced with an urgent need for funds.

 Then we present BMT Daarul Muttaqiin which is expected to really balance between function Baitul Maal (Social) and the function Baitut Tamwil (Commercial). Loans Without Charges are one product of the activity of Baitul Maal - which indeed we do not seek to profit from this product.

 The first question is why still use the warranty if you do not seek profit from this product?.

 1) guarantee or collateral is unlawful in syar'i as the verse "And if you're on the way are you not getting a clerk then let mortgage held there goods ...". (Surah 2: 283).
 Paragraph is also consistent with some of the saheeh hadeeth include "Verily the Prophet Muhammad never buy food with debt from a Jew, and a Prophet mortgaged his armor to him." (Narrated by Bukhari and Muslim).
 Based on the above verses and hadith is the fatwas DSN - MUI also allows the guarantee is good on the loan agreement (Al-Qard) or contract liens (Rahn).
 2) With the guarantee as good as or even better then cash the gold dinar in sufficient amounts, the risk of unpaid accounts receivable to be very, very small. Funds available for Loans Without Charges will be able to survive or even grow in a sustainable.

 The second question is the existence of this guarantee means that people who so desperately need but do not have a dinar for collateral - could not obtain loans from BMT Daarul Muttaqiin?.

 We have own solutions to this is by Kafalah. For those who need a loan but does not have its own dinars to find someone else who has the dinar and would be Kafiil or guarantor on loans submitted to us.

 Terms of Kafiil are people who really know the prospective borrower that he was willing to risk - if the borrower fails to pay its debts, owned Kafiil Dinar these dependents.

 If the need does not have a dinar and can not get someone who is willing to become his Kafiil, then what's the solution?. We must honestly say that this is still beyond our ability to help him.

 But we have a suggestion for this, that is relevant to congregational life - to know and hang out with as much as possible the pious brethren around him through the routine prayers at mosques, one of them - then God willing at the time there is a problem there will always be a way out.

 The third question is then how BMT Daarul Muttaqiin will grow and develop, if he did not get anything from products Loans Without this expense?.

 Loans Without Charges only one product Baitul Maal - BMT Daarul Muttaqiin; of course we also have many other products for commercial purposes such as contract agreement Mudharabah, Mudharabah and various other products Baitut Tamwil. Of commercial products is God willing this will grow TMB.

 Indeed we expect the model Loans Without this expense can walk and be one solution to the problems of the people, of course we also want to get a reward from Allah alone as promised in the hadith, which I quoted at the beginning of this paper.Amen.

Swine Flu and Currency ....

Financial crisis has not ended, the world has been shocked by the potential of the next crisis is a crisis flu. According to World Bank estimates that CNBC aired last night, when the crisis became a global pandemic - the impact of the resulting economic losses could reach U.S. $ 3 trillion or so to cut the GDP of the countries in the world up to 5%.

At the moment the only bird flu outbreak in Southeast Asia alone in 2003, the countries of the region's GDP declined 0.6% on average.

At the beginning of this flu crisis which has affected include:

 

 · Six countries have banned imports of meat from most of any U.S. state.

· Hotels and Airlines suddenly experienced a very sharp decline in sales because people became afraid to travel. The decrease in sales was directly in response also to the decline in their shares in the stock market.

• In Mexico City the local government has closed all schools until May 6, Upcoming; some business activities have also begun to shut down

· So far the only drug companies like Roche and GlaxoSmithKline are each producing Tamiflu and Relenza - two drugs are believed to still be effective against flu - are soaring auto sales and its stock price.

If the crisis continues it will be much wider social and economic activities disrupted, and if the economy disrupted then the currency will also be disrupted. Countries that are considered safe from this flu will be the stronger currency and vice versa countries that are considered unsafe or unable to cope with flu will weaken its currency.

 

For U.S. $ currency while still strong at the beginning of this flu crisis as world economic players still have the perception that the U.S. $ is more able to cope with this crisis than its neighbors, like Mexico whose victims has reached 149 people.

 

But if this crisis could not be solved by the United States, for example by the fall of some of the victims died because of positive flu - the belief the market will collapse along with the casualties. This which will disrupt the U.S. $ currency strength.

Unlike fiat money whose strength depends on the (perception) of a country's economic strength, money or gold dinar strength lies in the purchasing power of the object itself.

So God willing or gold dinar will not be exposed to neutral or negative impact of swine flu broke down this. Wa Allahu A'lam.