Principles in Practice Financing Murabaha Islamic Economics.

We need to know that the credit structure of Islamic financing is using the murabaha principle, so that in the course of the transaction fee payable no more that arise after all the price and margin requirements have been agreed by both parties.

There is no fee if we want to change the payment due from the date of receipt of goods if the deadline one week from the date of receipt of goods. This is very different from the way the credit system with the conventional structure in which any changes due will be charged the current rate of change of name the date of receipt of goods. Date of receipt of goods here is the date of maturity of the financing system.

Many of the benefits that would be obtained if the credit structure of Islamic finance with this murabaha principle if we want credit, and this seems to apply comprehensively in the principles of Islamic economic practice that is growing. With no fee after the loan agreement would be more attractive and profitable recipients. Imagine if in the middle period of our credit surcharge again or structure of interest rates up and down, of course it will hurt us when compared with murabaha practices that do not exist anymore after the fee structure agreed upon credit.

In times of credit that has not run out if we want our debt to be paid before the tenor finished then no more fees imposed in this Islamic principles. Administrative fee or penalty in case of repayment in the face of conventional credit system is a matter that must be met obviously very different from Islamic credit scheme that no fee, and penalty fees imposed on the range of 7.5% of the remaining principal debt. It is very large if the administration fee is charged if still in the early installments.

Why administration fee to cover this settlement of the conventional credit schemes? because the conventional structure for the early repayment of debt principal portion and the portion paid slightly larger rates. The installment is the part where some, including to pay principal and some other people to pay interest. The conventional way assume that the upfront payment is detrimental to his side so as to prevent that so as not to be so high repayment charges so that customers will think about it for not repaid. As for the credit scheme with the Islamic murabaha Principles There are no administrative fees, and repayment is done if things suck in customers have the fortune.

Secular Reason guide to The Direction of Spirituality.

Towards the end of the 20th century reappear in various circles passionate spirituality. This is caused by the emergence of crisis and sorrow that struck the man. Start the crisis itself, alienation, depression, stress, family rift and other psychological illnesses. All this is compounded by the political crisis, economic and security that hit various parts of the world. Such fears appear in human beings is now in a life full of terror, conflict, violence, economic instability, political and security. This is among others that cause longing for spiritual fulfillment in order to appease themselves from multiple crises that occur.

Longing for spiritual meaning is realized with a variety of ways. For those who are bound by certain religious institutions, they will return to the teachings of their religion. For example, attending religious lectures, recitation, remembrance, worship, meditation, and so forth. In contrast to those who do not believe in or be bound by formal religious institutions prefer no religion or spiritual movement as dislogankan by John Naisbitt and Patricia Aburdene in their book Megatrend 2000 "Spirituality yes! No organized religion! "This group later known as the New Agers and a fairly wide acclaim, particularly in North America.

Things like this also penetrated into the world of business and organization. More and more people are fed up with business practices that are not based on ethics and makes capital accumulation as much as a primary goal. People increasingly question the victory of the capitalist and sue their responsibilities to the various environmental destruction and accumulation of wealth in the hands of a small world of human beings in time millions more suffer from hunger, poverty and underdevelopment in the real world rich in natural resources.

Jesper Kunde in his book Corporate Religion (2000) says that in the field of management there is such a need for spiritual-based management in many companies the world;
.... To have the desire and ability to keep people in order to stay on the right path and lead the right way, without looking at the part where he worked in the company. At the present time, which is considered the most successful company is a company that is managed by several people who have a very charismatic personality. At the time the companies guiding philosophy that they are very clear and everyone can understand and contribute to it.

In recent years we have witnessed many of the executives who change their outlook on life with their closer on the values of a more profound and long-lasting and build a more productive working community. Among them were successful doing that when they still can be in touch with the spiritual dimension in their daily work. They also continue to improve the productivity and effectiveness of organizations that become their responsibility.

However, the executives who experienced a spiritual drought still plural encounter. In conducting its business, for example, they just view it from a business perspective. They think in terms of Cartesian dualism by separating the physical world and spiritual realism. They also think using the method of Newtonian thinking and see the world as a machine composed of various components are separate and different. Wal result they view people as objects, parts or components of an economic engine. Such perspective can not see the reality of man as a whole despite using a variety of sophisticated techniques.

More than that business is not done to serve the interests of humans and nature in general. No wonder then if the business that do not allow us to become what we can actually accomplish. We can not meet the deepest needs of all our stakeholders. We fail to have a commitment to issues such as hunger, environmental damage, personal dysfunction, but not because of our inability as a world view that is used, resulting in a conflict between the desires, values and priorities.

We have long had the view that business is business or business is as usual. We separate the business affairs of the spiritual and moral values. According to this view, business and spirituality are two entities that can not be reconciled. Furthermore, incorporate elements of spirituality or religiosity in business can cause ketidakluwesan in business. Religious teachings have a set of rules that could restrict business activities. For example, the prohibition element RIBA (usury) in economic activity in religions such as Judaism, Christianity and Islam. Though these elements are widely used in the business world.
Some people also think that spirituality or religiosity has nothing to do with business activities. Religion is only dealing with things that are rituals (worship mahdah) such as ceremonies of birth, marriage, death and the rituals of daily worship. Religion is only in the places of worship are open in the centers of business.