ID :
40177
Mon, 01/12/2009 - 12:44
Auther :
Shortlink :
https://oananews.org//node/40177
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GOVT COMMITTED TO IMPLEMENT ISLAMIC-BASED ECONOMIC, FINANCE PROGRAMMES
KUALA LUMPUR, Jan 12 (Bernama) -- The Government is committed to continue
implementing and expanding Islamic-based economic and finance programmes in the
country, Deputy Prime Minister Najib Razak said Monday.
This commitment is based on the capabilities and immense contributions made
by economic and Islamic finance products that have yielded significant benefits
to the nation's economic development, the Muslims and Malaysians as a whole, he
said when opening the Third Islamic Economic Congress.
Najib said this commitment was among three aspects that must be given
attention by the congress to come up with realistic and practical resolutions
in tandem with the strength of the Muslims.
He stressed that serious attention nust be accorded to the Ijtima'i sector
(society) as one of the sectors in the Islamic economic system (muamalat) whose
role is as important as the public and private sectors.
The most important element that formed the pillar of the society sector is
the zakat, wakaf and sadaqah jariah," said Najib who is also Finance Minister.
"In other words, this sector refers to the existence of the social justice
system introduced more than 1,400 years ago.
"When we have collectively accepted and recognise the demands and the
importance of this sector, I would like to urge that the infrastructures and
related institutions should also be supported and be improved to be more
effective to emerge as a source of new and fresh strength for the benefit of
Muslims," he said.
Najib also stressed on the importance of setting up "entrepreneur friendly"
concept Islamic financial institutions.
He said this concept would play a role to pool and consolidate funds and at
the same time protect the interests and develop Muslim entrepreneurs just like
developing suitable Islamic finance instruments based on the "mudharabah and
musyrakah" principles.
Najib said the "Muslim Networking" (Muslim Net) must be introduced as it was
crucial to strengthen business networking among Muslims regionally and
internationally.
"With this spirit, the isu of "mismatch" such as outflow of capital and
human capital from Islamic nations to western countries can be addressed.
"Hence, our country must take proactive measures to export islamic finance
experts to attract and manage funds from Islamic nations," he said.
Najib also stressed on the need to introduce the "Opportunity Until Succeed"
concept to protect genuine entrepreneurs who strive to succeed.
He said the noble Islamic principle is to help entrepreneurs with financial
problems due to factors beyond their control to be placed with the Al-Gharimin
group (one of the qualified zakat recipients).
Under this principle, the Al-Gharimin group should be helped until they are
out of the financial problem and can afford to pay zakat (tithe).
-- BERNAMA
implementing and expanding Islamic-based economic and finance programmes in the
country, Deputy Prime Minister Najib Razak said Monday.
This commitment is based on the capabilities and immense contributions made
by economic and Islamic finance products that have yielded significant benefits
to the nation's economic development, the Muslims and Malaysians as a whole, he
said when opening the Third Islamic Economic Congress.
Najib said this commitment was among three aspects that must be given
attention by the congress to come up with realistic and practical resolutions
in tandem with the strength of the Muslims.
He stressed that serious attention nust be accorded to the Ijtima'i sector
(society) as one of the sectors in the Islamic economic system (muamalat) whose
role is as important as the public and private sectors.
The most important element that formed the pillar of the society sector is
the zakat, wakaf and sadaqah jariah," said Najib who is also Finance Minister.
"In other words, this sector refers to the existence of the social justice
system introduced more than 1,400 years ago.
"When we have collectively accepted and recognise the demands and the
importance of this sector, I would like to urge that the infrastructures and
related institutions should also be supported and be improved to be more
effective to emerge as a source of new and fresh strength for the benefit of
Muslims," he said.
Najib also stressed on the importance of setting up "entrepreneur friendly"
concept Islamic financial institutions.
He said this concept would play a role to pool and consolidate funds and at
the same time protect the interests and develop Muslim entrepreneurs just like
developing suitable Islamic finance instruments based on the "mudharabah and
musyrakah" principles.
Najib said the "Muslim Networking" (Muslim Net) must be introduced as it was
crucial to strengthen business networking among Muslims regionally and
internationally.
"With this spirit, the isu of "mismatch" such as outflow of capital and
human capital from Islamic nations to western countries can be addressed.
"Hence, our country must take proactive measures to export islamic finance
experts to attract and manage funds from Islamic nations," he said.
Najib also stressed on the need to introduce the "Opportunity Until Succeed"
concept to protect genuine entrepreneurs who strive to succeed.
He said the noble Islamic principle is to help entrepreneurs with financial
problems due to factors beyond their control to be placed with the Al-Gharimin
group (one of the qualified zakat recipients).
Under this principle, the Al-Gharimin group should be helped until they are
out of the financial problem and can afford to pay zakat (tithe).
-- BERNAMA
