The "Islamic Economic" can be a new model to overcome the "bublle" economy

Director of the Bank Muamalat U Saefudin Noer, Wednesday, said that the "Islamic Economic" can be a new model to overcome the "bublle" economy that occurred at this time.

"Many countries now see the economic system of Islam to be a reference to the 'bubble or bublle' which occurs at this time," said Saefudin, to ANTARA when speaking in Jakarta, Wednesday.

Some countries have started to develop the economy of Islam, such as Hong Kong develops with the "Islamic Economic Center," he said.

One of the problems of the financial crisis that the United States is related to the industry "sub-prime mortgage" (KPR Subprima).

He also mentioned that the problems of the crisis that the world economy at this time, not only caused the system doubt the ability of capitalism to realize prosperity in the world, but also caused by the change in the moral ethics of the perpetrators of the financial world.

The capitalist-style economic actors is more likely to do engineering products for speculative profits, which tend to be ravenous (greedy), said Saefudin.

The main difference between conventional banks with Sharia bank is located on the basis of philosophy. The Sharia Bank does not implement interest in all activities, while the bank had kovensional implement interest. This system is a very profound difference to the products developed by the sharia banks, where interest rates to avoid the system, the system being developed is the buying and selling partnership which was held in the form of the results.
In addition, Saefudin also said that the bank also pro real sector, thus encouraging the state economy moving, so it can save from the crisis.
Drafts of the sharia is applied banks invest client funds in the bank first into the business, the business profit is distributed.
Unlike customers with savings in conventional banks, no matter whether the saving in the pipe to the business or not, the bank is still obliged to pay interest, he said.
Islamic banking in Indonesia, which first appeared is PT Bank Muamalat Indonesia (BMI) was founded in 1992 that this is not to get the injection of government funds during the crisis and 1998.
Experience that can be used as evidence that the economic system of Islam that is applied in BMI can be safe from the crisis that occurred in the sectors of the banking industry, he said.
"At the time of the banking crisis of 1998 and Indonesia have raised interest rates high tribes, so that there is a negative margin because the banks can not distribute the credit back and bad debts arising," jelasnya.Dia also revealed that the growth of sharia banks in Indonesia is very rapid, but " size "it is still small. "The growth of sharia banks of 60 percent last year, is still Sharia bank assets around 2-3 percent compared to conventional banks," he said.

While market alone sharia bank, BMI has controlled 35 percent market share, with most of the transactions system traksaksi murabahah (Sale-purchase), followed by mudharabah transaction system (for results) and transaction system Ijarah (lease). The challenge Sharia bank Indonesia's current need for greater capital to develop the business, human resources, which have not been able to offset growth and the office network. Saefudin also revealed that sharia banks will not do large-scale funding of the conventional banks are pengetatan liquidity crisis at this time. "We will not stop the funding, but the system needs to be improved Prudential (prudential) in the distribution of funds," he explained, reported by Republika.