.........................................
In response to a recent friendly concern raised by some experts from Middle-East is, the revolutions of Libya & Egypt & some thoughts towards their socio-economic way forward and duly achievements for the interest of the respective countries & their people are as follows:(i) the process & the achievement was great & people of Libya & Egypt deserve enjoying prosperity & progress with dynamism.
(ii) Libya & Egypt are the countries, which have the right to hold their respective national pride with their uncompromised identity "Nation with Islamic Economic Reform" ever since from the ancient history of Islam thus, no alternative, but only "Islamic" in their belief, system, operation & achievement.
(iii) The revolution opened up the opportunities for Libya & Egypt to clear their undesirable haze and march ahead with their new economic model besides socio-political & cultural orders by complying and respecting the Shari'ah principles while adapting the modern operational mechanisms to reform Libya & Egypt respectively as an "Islamic Modern State" respectively to wake up along with the Globalization.
To achieve the dynamic goal, the following avenues may be recommended in the master plan of their respective Islamic Economic Reform:
1. Total Economic System shall be reformed with "Asset Based Economy with Risk Sharing Techniques" opposed to "Debt Based Economy with Risk Transferring Techniques".
2. Islamic Cooperative Principles shall be adapted iat all levels of Economic policies & Activities.
3. Increase Islamic Barter Trade (among G2G, B2B, G2B or B2G).
4. Implement Islamic Cooperative Micro-finance (on asset based with risk sharing) as opposed to Micro-credit (on debt based with risk transferring).
5. Creating an Enterprising & Entrepreneur based nation.
6. Increase issuance of SUKUK to help modern development of Libya & Egypt respectively.
7. Develop Islamic Micro-credit (al-Rahnu) to enrich Entrepreneurs nationwide among all levels.
8. Develop sustainable Islamic asset based MLM to fight the retrenchment while creating more job / income opportunities especially among the young generation / junior families / fresh graduand / low income group / unemployed.
9. All level of risks shall be minimized by appropriate Takaful operation.
10. Rating in all sectors (Government or Private, Commercial or otherwise) shall by by prioritying the public interest over corporate or otherwise interests.
11. Compulsory audit system (Shari'ah compliance) shall be implemented at all Public, Private, Corporate and other applied sectors to minimize unlawful gains, corruptions and abuse of law and orders.
No comments:
Post a Comment