The global economic crisis in America some time ago has made the country the government ‘uncle sam’ is large enough to pay. Islamic financial help through the crisis can be assessed if still uphold in accordance with Islamic financial principles.
Director of Neuroeconomic and Well Being Program Florida State University, Necati Aydin, said the Islamic finance can help if there are financial instruments based on real assets and implement risk sharing. Islamic finance can be helpful ”if there is no second hand market for debt and credit for private consumption, ”he said during a discussion of ‘Islamic Financial Solution in Global Crisis’ in one building at the University of Indonesia.
On the other hand, he said, the community also needs to be given training and education about financial instruments useful and moral education. Aydin added that capitalism has failed to bring happiness, while consumption rises. Capitalism also encourages the occurrence of insanity in the free market. The U.S. government issued a”substantial costs because of the free market this Madness, ”his critique.
He noted, the cost incurred to prop up banks in America could reach 4 trillion U.S. dollars. While the cost incurred by the federal government to reach 700 billion U.S. dollars for the Troubled Asset Relief Program.
source: Republika.co.id
Finance, credit, investment – economic category. Modern interpretation of scientific work in the theories of finance and credit, are described according to the specific object of research, too varied and many-leveled. Formed the definition of the totality of economic relations in the process of creation, distribution and use of finances, as sources of money is widespread. 