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Saturday, 28 December 2013

Use the Islamic banking system, CM tells Muslims

Kota Kinabalu: Non-Muslims' acceptance towards the Islamic Muamalah system (Islamic financial transactions) is a good sign, but Muslims will lose out if they themselves don't get involved, said Chief Minister Datuk Musa Aman.
He said according to research, 70 per cent of the deposits and Islamic banking customers consist entrepreneurs and non-Muslims.
Musa's speech was read by Local Government and Housing Assistant Minister, Datuk Haji Zakaria Haji Mohd Edris, at the Celik Muamalah Islam symposium at the Saadah hall, Wisma Muis, here.
The programme was organised by Malaysia Islamic Propagation Foundation (Yadim), Sabah Islamic Affairs Department (Jheains) and CIMB Islamic Bank.
Musa said Muslims should change their thoughts and habits.
"Muslims should be the main customers of the Muamalah system."
Musa urged Muslims to change from the conventional system to the Muamalah system, especially when it comes to loans such as personal loans, car loans and housing loans, among others.
The Islamic Banking system's success in Malaysia has led to its introduction in almost all conventional banks here and is accepted in the world.
"It gives a choice to Malaysians to choose whether they want the Islamic or conventional system.
"Although its products and services are based on syariah, it is accepted by customers, regardless of their race and religion," he said. Musa said he believed that syariah banks not only provide an alternative but also a healthy competition to the banking sector.
This will surely benefits customers in terms of having a more efficient service and at the same time, reduce management costs.
"I welcome programme like this because I believe they are able to show the beauty of Islam which should be adapted as people's way of life," he said.
He was pleased with the encouraging response received and hoped more banks and financial institutions will come forward and take part in the near future.
In relation to this, he also suggested that these programmes be adapted to other districts throughout Sabah so that it can be known by more people.
He said the State Government will always support Yadim, Jheains and Jakim in line with the leaders and people's aspirations.
Meanwhile, CIMB handed over RM240,000 to Yadim Sabah to build a five-door longhouse at Matunggong.
It is the Islamic bank's CSR programme to help Yadim's dakwah efforts.
(Daily Express / 25 Dec 2013)
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