Solving the Twin Problem of SME Financing and Unemployed Graduates / Penyelesaian Masaalah Kembar Pembiayaan IKS dan Graduan Tanpa Kerja

 

Assalamu 'Alaikum

 

Current statistics show there are presently 71000 unemployed graduates in Malaysia. 180,000 new graduates are looking for jobs every year plus 120,000 from Skills Institutes. The greatest contributor to jobs in all nations are SMEs i.e on average 80% of jobs, but we have a debt based Banking system (Conventional and Islamic) which favours big corporates and dislike SME's. SME's also contribute on average 60% of most countries GDP. At their stage of development they need equity investment and guidance not unforgiving loans and debts. But 300 years of riba has dulled our senses to equity, treating risk as a four letter word whereas risk is a prerequirement to Islamic Muamalat. The Islamic legal maxim says AlGhunm bi Alghurm ie rewards comes with risk or you are not entitled to rewards unless you are willing to expose yourself to risk.

Padang Merbok

Assalamu 'Alaikum

Padang Merbok

It was once virgin jungle that sandwiched another virgin jungle at the back of our house. Maxwell Drive is the name of the lane that seems to cut into the jungle and ends nowhere. Three government bungalows lined the lane. Ours was at the end of the lane, in the middle lived a Mat Salleh IGP and at the entrance of the lane lived a family which I’m sure Mum and Dad knows who. On top of the hill as we exit Maxwell Drive is a house we called the Bismillah house for Mum said the lady of the house never does anything without beginning with Bismillah i.e. in the name of Allah. I was then a primary schoolboy in a family of eleven.

Tragedi Sistem Ekonomi Sekarang / Tragedy of the Current Economic System

Inilah tragedi pertumbuhan ekonomi dalam sistem ekonomi sekarang. Membuat yang kaya semakin kaya dan yang miskin bertambah miskin. Punca utama masalah ini adalah sistem perbankan berasaskan hutang. Sepatut diamalkan ialah sistem pelaburan berasaskan ekuiti. Kedua, ialah situasi melampaui batas didalam penciptaan wang atas angin oleh sistem perbankan rizab pecahan ("FRB") iaitu satu sistem ciptaan wang yang tidak disandarkan kepada nilai intrinsik.

Bank Money Creation as a Treacherous Lie / Ciptaan Wang oleh Bank sebagai Penipuan Licik

Understand this carefully. Treacherous lie that victimises society by theft of its purchasing power and by wholesale transfer of wealth from the poor to the rich / Fahami perkara ini dengan betul-betul. Suatu penipuan licik yang memangsakan ummah dengan pencurian kuasa beli dan pemunggahan kekayaan dari yang miskin pada yang kaya.

                             

“The process by which banks create money is so simple that the mind is repelled.”
- Economist John Kenneth Galbraith
When a bank makes a loan, it simply adds to the borrower’s deposit account in the bank by the amount of the loan. The money is not taken from anyone else’s deposit; it was not previously paid into the bank by anyone. It’s new money, created by the bank for the use of the borrower.
- Robert B. Anderson, Secretary of the Treasury under Eisenhower, in an interview reported in the August 31, 1959 issue of U.S. News and World Report