Today I attended the second out of three days workshop provided by my colleagues from the Islamic Capital market division. Lots of information, conventions, principles and process are very different from the conventional capital market. The class was very interesting if you like to learn new knowledge but will be very boring if you have no interest.
Some of the major differences are on interest calculation, profit sharing principle, operational process, penalty and so on. Technically, it offers more benefits to borrower in terms of monetary expect but of course the trade of is many things which are allowed in the conventional capital market are not allowed in the Islamic capital market. Well, I think it is fair to have trade-off if there is any additional gain.
There are many things that we can learn from both conventions and both both should look at each other to better serve their customer with improved business processes. A better capital will be the one that adopt the best of both convention within their constraints.
No comments:
Post a Comment