Category Archives: Contemporary Issues

Again, About Debt

about debt

In the name of Allah.

“O Allah, please ease and help me.”

In Question and Answer section of the site, we often received many whines about debt. Often too, some of those whiner told about the advice of shaman in their mails. Among them there are people who use the chapter Al Fatihah as their secret trick to be rich, or use recitation made by the “Kiai” (religious figure). Indeed, there are various ways people take to obtain money instantly when they are cornered.

Dear readers, probably it has became human’s trademark. When he is cornered, shari’a rules are much lesser priority. Even though he has to sacrifice his faith, he’ll do it, or anything; the most important thing is to solve the problem as soon as possible. Indeed, this is the portrait of a looser, whose patience is as paper thin, upon carrying trial that Allah has destined for him.
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Ruling of Bank Deposit

Ruling of Bank Deposit

Definition of Bank Deposit

Author: Ustadz Said Yai Ardiansyah, MA

One of the products issued by bank is deposit. Deposit is a kind of saving that can not be withdrawn until the certain period of time agreed ends, with the benefit of obtaining percentage of profit from the deposited money. If it is drawn before the its due time, then the bank will charge the owner with some fines.

The example is as follows:

Joko wanted to save his money in deposit account. He deposited IDR 50 millions of his money in 3 months period. The interest rate of deposit is 5% per year, thus, in each month, he received = IDR  50 millions x 5 % : 12 months =IDR 208.333,33. Next, the sum is charged with income tax of 20%, hence, in three months, Joko received IDR 208.333,33 x 3 months = IDR 625.000,00 before taxed.

Joko needn’t to worry about the money he deposited, since it certainly yields profit albeit small. Even though the bank goes bankrupt, or suffers from losses, it still has to pay the profit/interest of his money.
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Housing Credit and Government’s Role

Housing Credit

Verdict of Majma’ Al-fiqh Al-islami (under the Islamic Conference Organization)

Verdict of Majma’ Al-fiqh Al-islami (under the Islamic Meeting) about the Housing Credit and Government Role (Source: Al-Majma’ Muktamar magazine, episode VI, volume 1, page 81)

Council of Majma’ Al-Fiqh Al-Islami held up the 6th grand meeting in Jeddah, Kingdom of Saudi Arabia, dated 17th-23rd of Sya’ban, 1410 H, coincided 14-20 March 1990 AD.

After studying studies presented to Al Majma’ and regarding the running discussion about the problem of housing credit, Majma’ Al-Fiqh Al-Islami decreed:
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Ruling of Claiming “The No.1 Product and The Best Product” in Islam


 Claim No.1

Competition in the business world today has became harder, particularly for businessmen who are lazy in innovating their products. At the same time, the consumers get smarter and smarter, thus their loyalty to certain product tend to decrease. This condition pushes some businessmen – especially those who neglect the lawful or unlawful matter – to use all tricks. Their main consideration is to gain as many profit as possible. Among their slick trick in marketing their product is by using bombastic words that woo the consumers. We could find so many companies that one-sidedly make misleading claims, such as the slogan, “The No. 1 Product” or “The Cheapest Product”.
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Ruling of Selling Items for Valentine’s Day celebration

Selling Items for Valentine's Day

Ruling of Selling Items for Valentine’s Day celebration

Author: Sa’id Yai Ardiansyah Every 14th of February, some people around the world commemorate the Valentine day.  They said that the day is the day to show their love to one another. The pink color that dominate the items sold on stores is dubbed as the symbol of love and affection. Particular items that are typical of this celebration are also sold, such as chocolate, flowers, cards, gifts, pink-colored jewelries, etc. Even the selling of “the rubber cap” is also soars, indicating that at that day, it is used massively among the youth. Continue Reading

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