Me, Myself and Friends

Assalamualaikum

My name is Aimi Sofea Binti Basri

My matrix number is 216454

I am one of students Universiti Utara Malaysia

I am taking Bachelor Islamic Finance and Banking 

Now I am in semester 4

In UUM I meat a lot of friends. Since semester 1 we being best friend till now. We share happiness and sadness together. We will support each other. We help each other. And best part we will be best friends till jannah. Amennn

 Me and them

Me and Nabila

 With Protoneans

With Aaisyah, Fathin, Syuhada, Faeizah and Hanim

Me, Nabila, Hayati and Aisyah

May our friendship will last till Jannah!!

5 Tips On How To Reduce Stress

1. Meditate 

A few minutes of practice per day can help ease anxiety. “Research suggests that daily meditation may alter the brain’s neural pathways, making you more resilient to stress,” says psychologist Robbie Maller Hartman, PhD, a Chicago health and wellness coach. 

 

The process can be simple. Sit up straight with both feet on the floor. Close your eyes. Focus your attention on reciting -- out loud or silently -- a positive mantra such as “I feel at peace” or “I love myself.” Place one hand on your belly to synch the mantra with your breaths. Let any distracting thoughts float by like clouds.

 

2. Breathe Deeply 

Give yourself a 5-minute break from whatever is bothering you and focus instead on your breathing. Sit up straight, eyes closed, with a hand on your belly. Slowly inhale through your nose, feeling the breath start in your abdomen and work its way to the top of your head. Reverse the process as you exhale through your mouth. 

 

“Deep breathing counters the effects of stress by slowing the heart rate and lowering blood pressure,” says psychologist Judith Tutin, PhD, a certified life coach in Rome, Ga.

 

3. Be Present

You rush through dinner, hurry to your next appointment, race to finish one more thing on your agenda. Now try something different: Slow down. 

 

“Take 5 minutes and focus on only one behavior with awareness,” says Tutin. Notice how the air feels on your face when you’re walking and how your feet feel hitting the ground. Enjoy the texture and taste of each bite of food as you slowly chew. When you spend time in the moment and focus on your senses, you should feel the tension leave your body.

 

4. Reach Out

A good social support system is one of the most important resources for dealing with stress. Talking to others -- preferably face-to-face or at least on the phone -- is a great way to better manage whatever is stressing you out.

 

5. Tune In to Your Body

Mentally scan your body to get a sense of how stress affects it each day. Lie on your back or sit with your feet on the floor. Start at your toes and work your way up to your scalp, noticing how your body feels. 

 

“Simply be aware of places you feel tight or loose without trying to change anything,” says Tutin. For 1 to 2 minutes, imagine each deep breath flowing to that body part. Repeat this process as you move your focus up your body, paying close attention to sensations you feel in each body part.

12 Tips to Drink 8 Cups a Day

Eight glasses of water every day? No matter how you pour them, that’s a lot of liquid. We're talking cups and cups…and cups. Even knowing about the many benefits of meeting your daily quota—increased fat burning, healthier skin, more energy, better digestion, fewer cravings—doesn't make drinking it (or dealing with increased bathroom visits) any less of a struggle for many of us.

If you feel like you're barely treading water when it comes to drinking your water, don’t despair. There are lots of little secrets—time-honored tricks that those elusive "water drinkers" use—that even you can try to transform yourself into an H2O-guzzling machine.

For best results, try the two that Spark your interest immediately, then add one each week until you’re getting all the water you need. And remember, there is no magic number. The recommended eight cups a day is not a one-size fits all. You’ll need more if you’re sweating through workouts; less if you eat a lot of water-rich fruits and vegetables.

1. Try comfort water
This is a great tactic for coffee and tea drinkers. While you’re waiting for the coffee to brew, nuke a glass of water (or herbal tea), squeeze in a bit of lemon and sip while you wait. Try another cup of warm water after you’ve had a mug or two of coffee. Hot water is also a great treat on a cold afternoon or evening. Invest in a new kind of herbal tea every time you grocery shop until you’ve found a couple that are just right.

2. Tag your water bottle
Splurge on the perfect reusable water bottle. Whether it's your favorite color or a unique design, the more you bond with your bottle, the less likely you'll be to lose it. Slap an inspirational sticker or image onto it, or even write on it with a permanent marker. Now you're ready to drink from it throughout the day—don't forget to refill it as soon as it's empty.

3. Sip up
Gulping all that water can seem daunting. So get a package of straws to slowly sip it instead. You can even pick up a water bottle with built-in straw.

4. Become a connoisseur
Think of water drinking like wine tasting. Taste the various brands and types of bottled waters available (sparkling, spring, mineral, vitamin-enhanced, reverse osmosis, filtered, fruit-flavored, etc). Be sure to read the labels as some "waters" have significantly added calories. Many bottles of water contain two to three cups of water.

5. Drink water and drive
Keep your water bottle next to you every time you hop into the car, or buy a package of bottled water to keep in the car. Whenever you're driving about, your water will be within easy reach from your car's cup holder. Think about other places you can stash some water bottles (under your desk, next to the couch, in your purse, and more).

6. Drink your vitamins
Create your own vitamin drink. Consider combining your water with your vitamin supplements, if you take any. There are several powdered vitamin supplements that are designed to be mixed with water. Some contain little to no calories too. If you prefer to take vitamins in tablet form, then promise yourself to drink at least one whole cup of water every time you take them.

7. Fill your dinner glass
Set a glass of water at each place setting at the dinner table just like restaurants do. Don't fret about drinking it all—just place it there. By sipping water between every few bites, you'll slow you down and enjoy your meal more, while also meeting your water needs.

8. Filter out
Sometimes tap water just isn't very good. If your well or city water leaves a bad taste in your mouth, change it. Get a faucet or pitcher filter to keep out the bad and leave in the good.

9. Pace yourself
Holding (and drinking from) a cup of water will help you pace yourself at social events, parties and dinners that offer tempting food and drink. Try drinking a cup of water between bites of the calorie abomination you're faced with. It is hard to eat an entire piece of cake if you have to drink a glass of water between every single bite! To keep the wine, beer, or liquor from ruining your calorie count, drink a cup of water for every glass of alcohol you consume. (I’m a wine drinker, so I fill up my wine glass with water every time I empty it of wine.) Not only does this help to limit your consumption, but it helps counteract alcohol’s dehydrating effects. And when you have a glass in hand—no matter what's in it—you won't be bombarded with more drink offers in the meantime.

10. Find watering holes
When out and about, make it a point to stop by drinking fountains, drink your water when out to lunch while reading the menu, and by all means if someone offers you a cup of herbal tea, say yes.

11. Combine habits
Get in the habit of drinking a cup of water when you do other things in your daily routine. Love long baths? Fill your water bottle when filling the tub. Working out? Keep your bottle beside you. Heading for bed? Set a glass on the nightstand. Reading by the fire? Always bring a cup of tea along. Develop water habits that go with your routines.

12. Reward your hard workf
Make a habit of having special water after each workout, for example. This can be water you gussy up yourself with a slice of lemon or lime, a fruit-flavored water, or (what I enjoy) a tall sparking mineral water.


Just a couple of these tricks can push you across the eight-cup finish line fairly painlessly. So raise a glass and tell your metabolism who’s the boss. Sometimes, simply conquering your water goal is enough to set you on the right path in even more areas. Cheers!

Cindy Dyson is a novelist, who discovered SparkPeople through her sister. Although she doesn’t struggle with getting enough water anymore, several members of her SparkTeam do. She created this list to help them, but found herself enjoying water more than ever as a result.

FAMILY DAY OUTING!

This month my parent decided to come over to Langkawi to meet me and also to celebrating my belated birthday. Yeay! I am so happy about that. Since my parent told me that they want to come over I cannot concentrate to my study.  It is because I am so happy, excited to meet them. Even thought we just meet 3 weeks ago, but it feel like 3 months. Hahaha

Sadly my brother can't join us because he have a class. As for that my untie will joining my mom and my dad.We spend about 3 days 2 nights at there. Since I reach there Monday evening so we don't do anything interesting. The next day we go to Gunung Mat Chincang (don't the spelling) for ride cable car, Burn Rise Field, Mahsuri Heritage, Langkawi Under Water World and Pekan Kuah. We have so much excitement moment. 

HOCKEY TOURNAMENT

Another hockey tournament is back!!!

Every first semester UUM will have hockey tournament. And each DPP (Resident Hall) need to send one team for represent their DPP. For this semester of course I will be a part of hockey team. And my position is as a keeper.

As for this semester, we have a lot of junior who joining our team. Some of them have ZERO knowledge about hockey and some of them are school represent hockey player. So every evening, our ex-team leader will teach them on how to hold the stick, how to shoot and also the rules that they need to know.

Girlish Hockey Team with JKPS n Fello DPP Proton

 Girlsih Team

Tieka, Kak Adah, Kak Eira n Me

Alhamdulillah (Praise to God) we have won gold medal for this year!

Say No Drinking While Eating!!

Is it beneficial to drink while you eat? It seems there are a few schools of thought when it comes to drinking while eating and although there may not necessarily be one right way, it is clear there are some things to avoid.

Our body’s perform a number of processes while eating and digesting so it’s important to understand and consider each while determining if drinking water while eating is best for us.

• Our mouthes create saliva while eating as it contains digestive enzymes to help break down food. These enzymes are very important in creating a healthy digestive process.
• Our stomachs contain gastric juices that aid in digestion and are instrumental in killing any bacteria we might consume in the food we eat. It is important these juices function properly as they help break down food and allow the stomach to contract and pulverize food into a state that can be pushed to the small intestine.
• The liver is also important as once nutrients are taken from the food we eat they are sent through the bloodstream to the liver. From there, the liver distributes the nutrients to different areas of the body. It determines what to keep for later and what to utilize right away. The liver requires an ample amount of water to function and do its job properly.

To Drink or Not to Drink

The main area of debate is whether or not drinking water during a meal is harmful or beneficial to the digestive process. There is no doubting the fact that drinking too much water during meals can interfere with the natural and necessary levels of bile and stomach acid. This would slow the digestion process and reduce the body’s ability to produce enough digestive enzymes to digest foods properly. Without proper digestion, a build up of toxic waste can occur no matter what you are eating. We can apply the same principles when thinking about other beverages we might consume during a meal. In the case of alcoholic drinks and acidic beverages like soda, they tend to dry up the saliva your glands have produced, making it even more difficult to properly digest food. Drinking water or other beverages while they are cold also slows down digestion and can create cramping in some individuals.

It is clear that drinking water before and after you eat aids the digestive process. The general consensus on this is that drinking water about 30 minutes before you eat will help keep the body hydrated which results in optimal digestion. For the liver, this is also important as overall body hydration aids in optimal liver performance. Drinking water about 30 minutes after can also assist in hydrating the body through the latter parts of digestion and replenish the lost liquids from digestion. It is important to note that drinking water during a meal would be more beneficial than not drinking while eating if you are not properly hydrated before hand. Eating while dehydrated can cause the body to have a very tough time digesting food.

The Other Side of The Coin

It’s also important to mention that according to Michael F Picco, M.D. and the MayoClinic: “There’s no concern that water will dilute the digestive juices or interfere with digestion. In fact, drinking water during or after a meal actually aids digestion. Water and other liquids help break down food so that your body can absorb the nutrients. Water also softens stools, which helps prevent constipation.” While they do not make any mention of temperature or amount of water, and don’t reference their statement, it is clear they feel drinking while eating is generally OK.

Tips

Based on the information presented, when thinking about how to approach eating meals yourself, there are several tips we can apply. It appears most beneficial to stay hydrated throughout the day and if you must drink while you eat, avoid drinking too much, as well as alcohol and acidic drinks. Drink warm water and drink it sparingly. A small glass will likely not interfere with digestion and by adding a dash of apple cider vinegar or lemon, you can aid in the digestive process further. If you can, you might want to try drinking 30 minutes before and 30 minutes after a meal with no drinking during, see how you feel. If it works for you, then stick with what works, if not, adjust accordingly. Listening to and becoming more conscious of your body and body awareness is a great step to take when thinking about new foods and how you treat your body. Sometimes going with what the body feels and wants is more important than staying rigid to information. Things change, the body changes, flow with it. Listen to your body!

- See more at: http://www.collective-evolution.com/2013/07/02/is-drinking-water-while-eating-good-for-you/#sthash.yCgbxOqX.dpuf

Is it beneficial to drink while you eat? It seems there are a few schools of thought when it comes to drinking while eating and although there may not necessarily be one right way, it is clear there are some things to avoid.

Our body’s perform a number of processes while eating and digesting so it’s important to understand and consider each while determining if drinking water while eating is best for us.

• Our mouthes create saliva while eating as it contains digestive enzymes to help break down food. These enzymes are very important in creating a healthy digestive process.
• Our stomachs contain gastric juices that aid in digestion and are instrumental in killing any bacteria we might consume in the food we eat. It is important these juices function properly as they help break down food and allow the stomach to contract and pulverize food into a state that can be pushed to the small intestine.
• The liver is also important as once nutrients are taken from the food we eat they are sent through the bloodstream to the liver. From there, the liver distributes the nutrients to different areas of the body. It determines what to keep for later and what to utilize right away. The liver requires an ample amount of water to function and do its job properly.

To Drink or Not to Drink

The main area of debate is whether or not drinking water during a meal is harmful or beneficial to the digestive process. There is no doubting the fact that drinking too much water during meals can interfere with the natural and necessary levels of bile and stomach acid. This would slow the digestion process and reduce the body’s ability to produce enough digestive enzymes to digest foods properly. Without proper digestion, a build up of toxic waste can occur no matter what you are eating. We can apply the same principles when thinking about other beverages we might consume during a meal. In the case of alcoholic drinks and acidic beverages like soda, they tend to dry up the saliva your glands have produced, making it even more difficult to properly digest food. Drinking water or other beverages while they are cold also slows down digestion and can create cramping in some individuals.

It is clear that drinking water before and after you eat aids the digestive process. The general consensus on this is that drinking water about 30 minutes before you eat will help keep the body hydrated which results in optimal digestion. For the liver, this is also important as overall body hydration aids in optimal liver performance. Drinking water about 30 minutes after can also assist in hydrating the body through the latter parts of digestion and replenish the lost liquids from digestion. It is important to note that drinking water during a meal would be more beneficial than not drinking while eating if you are not properly hydrated before hand. Eating while dehydrated can cause the body to have a very tough time digesting food.

The Other Side of The Coin

It’s also important to mention that according to Michael F Picco, M.D. and the MayoClinic: “There’s no concern that water will dilute the digestive juices or interfere with digestion. In fact, drinking water during or after a meal actually aids digestion. Water and other liquids help break down food so that your body can absorb the nutrients. Water also softens stools, which helps prevent constipation.” While they do not make any mention of temperature or amount of water, and don’t reference their statement, it is clear they feel drinking while eating is generally OK.

Tips

Based on the information presented, when thinking about how to approach eating meals yourself, there are several tips we can apply. It appears most beneficial to stay hydrated throughout the day and if you must drink while you eat, avoid drinking too much, as well as alcohol and acidic drinks. Drink warm water and drink it sparingly. A small glass will likely not interfere with digestion and by adding a dash of apple cider vinegar or lemon, you can aid in the digestive process further. If you can, you might want to try drinking 30 minutes before and 30 minutes after a meal with no drinking during, see how you feel. If it works for you, then stick with what works, if not, adjust accordingly. Listening to and becoming more conscious of your body and body awareness is a great step to take when thinking about new foods and how you treat your body. Sometimes going with what the body feels and wants is more important than staying rigid to information. Things change, the body changes, flow with it. Listen to your body!

- See more at: http://www.collective-evolution.com/2013/07/02/is-drinking-water-while-eating-good-for-you/#sthash.yCgbxOqX.dpuf

Is it beneficial to drink while you eat? It seems there are a few schools of thought when it comes to drinking while eating and although there may not necessarily be one right way, it is clear there are some things to avoid.

Our body’s perform a number of processes while eating and digesting so it’s important to understand and consider each while determining if drinking water while eating is best for us.

• Our mouthes create saliva while eating as it contains digestive enzymes to help break down food. These enzymes are very important in creating a healthy digestive process.
• Our stomachs contain gastric juices that aid in digestion and are instrumental in killing any bacteria we might consume in the food we eat. It is important these juices function properly as they help break down food and allow the stomach to contract and pulverize food into a state that can be pushed to the small intestine.
• The liver is also important as once nutrients are taken from the food we eat they are sent through the bloodstream to the liver. From there, the liver distributes the nutrients to different areas of the body. It determines what to keep for later and what to utilize right away. The liver requires an ample amount of water to function and do its job properly.

To Drink or Not to Drink

The main area of debate is whether or not drinking water during a meal is harmful or beneficial to the digestive process. There is no doubting the fact that drinking too much water during meals can interfere with the natural and necessary levels of bile and stomach acid. This would slow the digestion process and reduce the body’s ability to produce enough digestive enzymes to digest foods properly. Without proper digestion, a build up of toxic waste can occur no matter what you are eating. We can apply the same principles when thinking about other beverages we might consume during a meal. In the case of alcoholic drinks and acidic beverages like soda, they tend to dry up the saliva your glands have produced, making it even more difficult to properly digest food. Drinking water or other beverages while they are cold also slows down digestion and can create cramping in some individuals.

It is clear that drinking water before and after you eat aids the digestive process. The general consensus on this is that drinking water about 30 minutes before you eat will help keep the body hydrated which results in optimal digestion. For the liver, this is also important as overall body hydration aids in optimal liver performance. Drinking water about 30 minutes after can also assist in hydrating the body through the latter parts of digestion and replenish the lost liquids from digestion. It is important to note that drinking water during a meal would be more beneficial than not drinking while eating if you are not properly hydrated before hand. Eating while dehydrated can cause the body to have a very tough time digesting food.

The Other Side of The Coin

It’s also important to mention that according to Michael F Picco, M.D. and the MayoClinic: “There’s no concern that water will dilute the digestive juices or interfere with digestion. In fact, drinking water during or after a meal actually aids digestion. Water and other liquids help break down food so that your body can absorb the nutrients. Water also softens stools, which helps prevent constipation.” While they do not make any mention of temperature or amount of water, and don’t reference their statement, it is clear they feel drinking while eating is generally OK.

Tips

Based on the information presented, when thinking about how to approach eating meals yourself, there are several tips we can apply. It appears most beneficial to stay hydrated throughout the day and if you must drink while you eat, avoid drinking too much, as well as alcohol and acidic drinks. Drink warm water and drink it sparingly. A small glass will likely not interfere with digestion and by adding a dash of apple cider vinegar or lemon, you can aid in the digestive process further. If you can, you might want to try drinking 30 minutes before and 30 minutes after a meal with no drinking during, see how you feel. If it works for you, then stick with what works, if not, adjust accordingly. Listening to and becoming more conscious of your body and body awareness is a great step to take when thinking about new foods and how you treat your body. Sometimes going with what the body feels and wants is more important than staying rigid to information. Things change, the body changes, flow with it. Listen to your body!

 

HOUSING LOAN THROUGH CONVENTIONAL LOAN

If you plan to buy a house, you’ll probably need a home loan. Home loan is a Secures loan offered against the security of a house/property which is funded by the bank’s loan, the property could be a personal property or a commercial one. The Home Loan is a loan taken by a borrower from the bank issued against the property/security intended to be bought on the party by the borrower giving the banker a conditional ownership over the property i.e if the borrower is failed to pay back the loan, the banker can retrieve the lent money by selling the property in auction.

To get a good home loan is actually pretty challenging. You’ll need to determine what kind of loan that you need, the interest rate that been offered by the bank, the duration of the installment and others. Traditionally, you’ll visiting, calling up and search in internet all bank.

In Malaysia, BNM have introduced two types of home loan which is flexi home loan and non-flexi home loan. For flexi home loans give you freedom to reduce your loan interest with additional income. Meanwhile for non-flexi home loan or also known as conventional loan are more rigid and have same repayment installment throughout the loan period. Compared between these two loans, many of customers prefer to use flexi hosing loan.

In 2013, BNM introduced new regulation, which limits home loan period in Malaysia maximum up to 35 years. But if you are purchase an expensive home, you loan period will up to 45 years or beyond. These days, home loan rates can differ greatly from bank to bank. For a typical flexi home loan of RM500,000 rates can be anything from Based Lending Rate (BLR)- 2.4% to BLR-2.2%, which translate to difference of tense of thousand in Ringgit value.

In conventional bank basically they will use fixed or variable rate. But mostly the bank will may charge combination of these two rates. Most home loans especially in Malaysia used variable interest rate loans, with the interest rate tied to the base lending rate (BLR) of the banks. Payment is made over a set tenure by installments. Since the contract is not based on an absolute value (eg. A sale price), the sooner the borrower can pay down the principal, the cheaper the amount of interest paid. The loan contract for conventional financing is known as a Loan Facility Agreement.

As I mentioned earlier, the borrower prefer to choose flexi home loan. It is because, this Flexi Home Loan has provided a great flexibility to a borrower. This is because that product comes with a linked current account. The borrower has the option either to withdraw or make extra repayments any times they like even though do not inform the bank beforehand. Those who have extra cash flow can have benefits in using this Flexi Home Loans. This is because the loan installments are automatically deducted from the linked current account each month. So the balance will go towards reducing the amount owed on the home loan. 

THE DIFFERENCES BETWEEN ISLAMIC BANK AND CONVENTIONAL BANK

There are a lot of differences between Islamic bank and conventional bank. They are:

• Islamic bank must comply requirement of akidah where the transaction must not have element of riba, gharah, maisir and other business forbidden in Islam.
• When their customers are facing financial difficulties, Islamic financial institution must be caring and more understanding.
• The goal of Islamic financial institution shouldn’t be profit maximization.
• Their transaction should be more transparent. Whereby the client can know the flow and sources of the money. Either it is from legal or illegal activity.
• The operational should differ from those of conventional banks, these include aspect of deposit taking and financing
• Provide services to all communities in the society regardless of the types of customers and their status.
• Must impose charges on customer in accordance with the actual cost incurred in providing the service concerned.

ISLAMIC BANKING PRODUCTS

THIS ONE IS ONE OF MY ASSIGNMENT THAT I HAVE DONE ABOUT WHAT IS PROHIBITED IN ISLAMIC TRANSACTIONS AND ALSO ISLAMIC BANKING PRODUCTS

During on Hari Raya Aidilfitri, I and my family went back for holiday. We were really excited to go back at our hometown because can meet our relatives where we are long time no see. I am in the middle of taking fresh air outside the grandmother's house, suddenly Pak Su called me over sitting on the porch of Grandma's house.

Pak Su             : How are you Aimi?

Me                   : Alhamdulillah, I’m fine thank you. How about Pak Su?

Paksu              : Alhamdulillah, I’m fine. So how is your study back there Aimi? It is going    

   smoothly or not?

Me                   : Erm.. So so la Pak Su. There Islamic term that I need to understand well.

Pak Su             : Really? (With full of impression) Can you tell me a bit about what you have

   learned back there.

Me                   : Well as you know now I am taking Bachelor Islamic Banking and Finance

   which is difference course when I’m taking diploma before this. Do you

   know Islamic banking has actually been in Malaysia around 1963.

Pak Su             : Really? I never know that Islamic bank is already exist in Malaysia since

   1963. Then what is the first Islamic bank in Malaysia?

Me                   : The first Islamic bank in Malaysia is Perbadanan Wang Simpanan Bakal-

   Bakal Haji (PWSBH) was established. Then in 1969 PWSBH merged with

   Pejabat Urusan Haji to form Lembaga Urusan dan Tabung Haji and now

   known as Lembaga Tabung Haji.

Pak Su            :  Owh I see. After Lembaga Tabung Haji what is the second Islamic bank?

Me                  :  Then the second Islamic bank is Bank Islam Malaysia Berhad (BIBM) and

   was established on July 1, 1983. Followed by Bank Muamalat Malaysia

   Berhad, where established on October 1, 1999.

Pak Su            :  Wow, I am so impressed!

Me                  :  Me too Pak Su. In Islamic banking we are using two act which is Islamic

   Banking Act 1983 and Banking and Financial Institutions Act 1989. While

   for conventional, there are only using Banking and Financial Institutions Act

   1989.

Pak Su             :  But Aimi, what is the different between Islamic bank and conventional bank?

Me                   :  Islamic bank is according Syariah Law, where this law is based on what

   Allah has mentioned in Al-Quran and Hadith. While for conventional bank, it

   is man-made law.

Pak Su             : Ohhh…

Me                  : In Syariah Law we prohibit of Riba (interest), Gharar (uncertainty), Maysir

  (gambling) and etc.

Pak Su             : Riba? Gharar? Maysir? What is that?

Me                  : Pak Su in Islam we are prohibited to take or charge any interest in our

  business transaction. And Riba also known as interest.

Pak Su             : Why interest is prohibited in Islam?

Me                   : It is because interest is where we charge an additional amount and this interest

  will make us suffer to pay to pay the additional charges. While for Gharar is

  uncertainty where the bank is questioning where the money come from. In

  Islamic bank when the banker found out that deposit from depositor is come

  from illegal activities, the banker will asked the  depositor to withdraw the

  money.

Pak Su            : Aimi, what if the bank has used the money from depositor which have

  element of Gharar?

Me                  : If the bank have used the money for make an investment, the bank will use

  small portion of that money to give to charity.

Pak Su            : What is Maysir?

Me                  : Maysir is gambling, which is totally prohibited by Allah.

Pak Su             : Aimi, how the bank can identified Gharar and Maisir?

Me                  : For an example if one of depositor account is showing a huge amount to be

  deposit to the account, the banker will asked the depositor how they get the

  money. Or the banker itself may investigate the depositor. The banker should

  investigate that money because we doesn’t want that the money is not come

  from illegal activities and winning from gambling. Even though non-Muslim

  those deposit their money in Islamic banking, the banker has an authority to

  ask them to withdraw the money.

Pak Su            : Wow! That is amazing about Islamic banking. Then how about the product

  that Islamic banking has provided to public?

Me                  : There are a lot of Islamic banking products, for an example Mudharabah, Ar-

  Rahn, Murabahah, Ijarah, Bai’ As-Salam, Bai’ Bithaman Ajail (BBA), Ijarah

  and others.

Pak Su            : Mudharabah? Ar-Rahn? Murabahah? Ijarah? Bai’ As-Salam? Bai’ Bithaman

  Ajail? Ijarah?

Me                  : I know you might get confuse with the term that I just now mention.

Pak Su            : Yes of course.

Me                  : Ok Pak Su, take a deep breath because I will explain one by one the Islamic

  banking product.

Then Pak Su take a deep breath and excited to know about what I’m going to tell about Islamic product

Me                   : First I will explain about Mudharabah, it is a profit sharing concept. It is an

   agreement between a parties, who provides the capital (rabbul marib) and the

   other party; entrepreneur (mudarib), to enable the entrepreneur to carry out

   the business projects.

Pak Su            : How they share the profit?

Me                  : The profit is based on a profit sharing basis, which it is according to pre-

  determined ratios agreed upon earlier.

Pak Su            : What if they are facing losses?

Me                  : If the business is facing losses, the losses are borne by the provider of the  

  funds. The profit rates of the business will be declared in every 16^th of the

  month and it is based on month-to-month actual profit earned.

Pak Su            : Aimi, if let say I would like to take a loan using Mudharabah concept, what is

  the benefit?

Aimi                : The benefit of using Mudharabah concept is Muslims have the option to

  comply with Islamic teaching when engaging in the financial activities so that

  they are not exposed to the element of Riba (interest) while for non-Muslims,  

  will have benefits of alternative mode of savings.

Pak Su            : How are we going to know either they are follow Syariah law or not?

Me                  : Other than that the funds will be invested in activities governed by the

  Syariah Consultant to ensure all the investment and activities are in

  accordance to Syariah principle.

Pak Su            : Intersting! Now i get it. How aboout Murabahah?

Me                  : For Murabahah refers to the sale of goods at a price, which includes a profit

  margin as agreed to by both parties. Such sales contract is valid on the

  condition that the price, other costs and the profit margin of the seller are

  stated at the time of the agreement of sale.

Pak Su            : Murabahah concept it seem like mark-up price?

Me                  : Yes, it is like mark-up price.

Pak Su            : But Aimi, in Islam can we mark-up the price?

Me                  : Yes. We can mark-up the price if this is stated in agreement of sale. But if it is

   not stated in agreement the contract is invalid.

Pak Su            : Oh i see.

Aimi                : Now I will explain about the Ar-Rahn concept. It is indicates the alternatives

  documenting the debt in the absence of the scribe, e.e., via pawning. The

  application may take either the form of papers such as proper documents,

  vehicle papers, sukuk, shares, etc., objects like ornaments, jewelries and other

  valuables.

Pak Su            : Can you explain detailed about Ar-Rahnu concept? Because I really excited to

  know about Ar-Rahnu bank.

Aimi                : Yes of course. For an example bank will provides financing RM50,000 to

  customer. And customer will pawns his valueable item (e.g., jewelry or

  valueable asset) as collateral for the finances amount. Then, every month the

  customer needs to pay back the money that they lend form bank with

  additional charges to bank as a safe keeping of the asset that we pawn. During

  this transaction, the bank (creditor) cannot sell the asset without the consent of

  the debtor because he is owner of the pawned asset.

Pak Su            : What if we cannot pay the debt according to the contract?

Aimi                : If we cannot pay the debt according to the contract, we can go to bank and ask

  them the procedure to extend the time of paying the debt. And the reason for

  the customer want to extend the time of paying debt must be reasonable.

Pak Su            : Ok now i get it. How about Ijarah?

Me                  : Ijarah means a a contract to lease or rent or hire. It is a contract or sale

  involving the use of property owned by a different party. There are some rules

  apply in Ijarah.

Pak Su            : Really?

Me                  : Yes, first is khiyar al-ru’ya, which is the right to revoke the contract at the

  time the goods are seen by the buyer. Second Khiyar al-‘ayb, which is the

  right to revoke the contract due the goods being of an inferior quality. Third is

  khiyar al-shart, the right of revocation. Fourth is fasakh, which is revocation

  or nullification and the last is ikala, which is revocation or replacement.

Pak Su            : Wow! I didn’t know that in Islam, Allah has given a right to the buyer to

  revoke the deal if there are major defects on rented or leased goods.

Me                  : Yes Pa Su. Islam is such a wonderful, am I right?

Pak Su            : Yes, you were right.

Me                  : Now I will explain about Bai As-Salam concept. This principle involves a sale

  and purchase contract made between two parties, the seller and the buyer.

  Under this contract, the buyer agrees to make an advance payment but the

  asset is delivered at a late date.

Pak Su            : Bai As-Salam is more looks like we are buying online stuff. I never know that

  in Islam there are also have concept of make advance payment and delivered

  the good at a later date.

Me                  : Yes, we do have this concept in Islam. Like Allah said, Islam is a wonderful

  religion and law can be used all of us no matter where we stay.

Pak Su            : That’s true Aimi.

While we were talking suddenly my mom calls me.

Mom               : Aimi! Where have you been? Why you were not answering you hand phone?

  Grandfather and grandmother were looking for you?

Me                  : I am not going anywhere; I just have a conversation with Pak Su. We were

  discussing about what I have learned in Islamic banking. Did you call my

  hand phone? Sorry mom, Syukrey (little brother) is using my hand phone to

  play game.

Pak Su            : Yes Kak Long (sister) we were chit chat about Islamic banking. I am so

  excited to hear what have my niece have learned in Islamic banking.

Mom               : Later on, if you want to make an investment, loan or whatever about Islamic

  banking, you can ask Aimi.

I am just smiling when there we talk about me.

Mom               : Let’s come inside. Grandfather and grandmother were looking for you. They

  also want to know about your life in UUM (Universiti Utara Malaysia).

Me                  : Ok mom. Let’s go inside. Pak Su, are you coming with us?

Pak Su            : Yes I’m coming.