The World is suffering due to the influence of Micro-Credit System, a Debt based economy with Risk Transferring Financial Techniques, Which gives an opportunity for one to gain at the expense of others. This is Again Contrary to the Holistic Approach of Economic Justice for All humanity.
Thus, alternatively an Islamic Cooperative Micro-Financing (i-CMF) Model is an asset based system with risk sharing technique with utmost sharing, caring and concern, which is timely to fight to day’s World Economic Crisis and at the Same Time May Rescue the Under, Lower or Middle Privileged Ones to live with a Reasonable Comfort without the Debt Curse. Such Model May Fight the Debt Based Economy With Risk Transferring technique While Promoting an asset Based Economy with maximum Risk Sharing Paradigm by Establishing an Environment with Shared Responsibility, Mutual Caring and Cooperation on the basis of the Holistic Principles of Brotherhood, Solidarity, Care & Concern. Such a model is justified by the Principles of Shari’ah coupled with the true spirit of socio-economic justice for all regardless of one’s religion, color, status or gender per se.
The Above Model has been discovered and duly designed through almost last 10 years of my humble efforts, but has not been implemented yet as till the time arrives today to re-discover a socio-economic way forward with cooperative undertaking among to day’s world of mankind.
ONE MALAYSIA to create an enterprising and entrepreneur based community with the holistic concept of harmonious, solidarity and brotherhood among all, the dynamic thought of Dato’ Seri Mohd Najib Tun Razak, the Prime Minister of Malaysia is the spirit of mind opener with cooperative dynamism to create a debt fighting self reliant based enterprising community with mutual cooperation and creative discovered culture among all by enjoying with a sustainable socio-economy and cultural victory. Thus, i-CMF arrives timely at the right platform leading to create a global enterprising community with a just economic liberty.
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world economic reform?:
cooperative micro-finance:
NO to 'micro-credit' but YES to 'cooperative micro-finance'
socio-economic justice for all
No gain at the Cost of others, but a "Just" Distribution with Humanity Concern
socio-economic justice for all
No gain at the Cost of others, but a "Just" Distribution with Humanity Concern
world islamic investment cooperation:
legitimate gain with risk sharing spirit
islamic insurance (takaful):
caring and sharing
legitimate gain with risk sharing spirit
islamic insurance (takaful):
caring and sharing
websites:
applied islamic finance
applied takaful
facebook:
drma'sumbillah
linkedin:
mohd. ma'sum billah
WIF group:
world intellectual forum (WIF)
WIBTF group:
world islamic barter traders' forum (WIBTF)
WIIC group:
world islamic investors' club (WIIC)
private e-mail:
profdrmasumbillah@yahoo.com
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