Due to rapid growth of Islamic trade, finance & business sectors with greater appreciation from the contemporary world of advance eco-technology, it is utmost essential to touch the right time to unify with global standardization of the Islamic / Shari'ah compliant trade sectors by the establishment of "World Islamic Trade Centre (WITC)" towards further advancement of Shari'ah compliance affecting the global trade / barter trade (commodity, asset, equity and or others) be one G2G, B2B, G2B or B2G.
With the establishment & successfull operation of the WITC may contribute to globalize the Shari'ah compliance of trade sectors in terms of general policies, guidelines, mechanisms & communication besides attributing towards a greater friendship with the universal holistic spirit of brotherhood among the traders, producers, players, marketers, policy makers, trade professionals, Shari'ah scholars & the consumers.
By the establishment of the WITC may help to curb the common virus hindering the global trade sectors namely; money laundering, misappropriation, unlawfull gain, unhealthy competition, self-orientation & dishonesty.
The WITC may eventually boost the world economy by fighting the malpractices in the global trade environments while discovering the dynamic way forward for all humanity (Ummah) regadless of one's religion, race, color, status or nationality in their respective trade missions & practices.
To establish the WITC, the following steps are recommended:
(i) Identification of the entity location.
(ii) Office & its supports.
(iii) Data base (global traders / manufacturers).
(iv) System (Shari'ah compliance).
(v) WITC Policies & Guidelines and Plan (Shari'ah standard).
(vi) WITC Shari'ah board.
(vii) Communications & networks.
(viii) "world islamic traders' summit" for the global awareness.
(ix) Resolution among the Gs.
(x) Commencement of Operation as per plan.
No comments:
Post a Comment