Finally Malaysian Securities Commission says ASN & ASB Syariah Non-compliance

Saya salin entri ini dari http://thegolddinar.blogspot.com/2009/02/finally-malaysian-securities-commission.html

En Mohd Hafiz Hj. Fauzi

Secretary

Shariah Committee

Bank Mualat Malaysia Berhad

Tingkat 4, Menara Bumiputra

Jalan Melaka

50100 Kuala Lumpur

12 February 2009

Tuan

AMANAH SAHAM BUMIPUTERA AND AMANAH SAHAM NASIONAL (ASB AND ASN SCHEMES)

Your letter dated 12 November 2008 is referred.

We wish to inform that the Shariah Advisory Council (SAC) of Securities Commission (SC) has taken note of the permissibility (harus) fatwa endorsed by Jawatankuasa Fatwa Majlis Kebangsaan Bagi Hal Ehwal Ugama Islam Malaysia of the investment schemes of ASB and ASN.

Notwithstanding the above, the SAC of SC has made a decision that the above ASB and ASN schemes do not comply with the SC Guidelines on Islamic Unit Trust Fund.

Thank you.

Your sincerely

SURUHANJAYA SEKURITI

MOHD RADZUAN BIN AHMAD TAJUDIN

Head

Islamic Capital Market Department

Singlet Pagoda

Dulu Pak Ngah saya (mohon bacakan Al-Fatihah buat rohnya), bekas guru, suka bercerita. Saya masih ingat lagi cerita zaman Jepunnya di mana sehelai singlet Pagoda (tekaan saya singlet warna putih lengan pendek sebab Pak Ngah selalu pakai stail ini) boleh dibeli dengan harga 0.07 sen sahaja. Cuba teka singlet Pagoda berapa harganya sekarang? Yang stail tiada lengan pun sudah mencecah RM 10-11. 140% dalam masa 60 tahun. Kalau saya beli dan simpan singlet baru 30 tahun lalu, dan menjualnya sekarang, boleh tahan lumayan juga profit saya ya. Cuma masalahnya singlet itu mungkin sudah berkulat dan berlubang-lubang dimakan lipas atau anai-anai. Siapa yang mahu beli?

Ok, bad idea.

Sepatutnya saya simpan saja duit yang saya hendak guna untuk membeli singlet itu di dalam tabung buluh saya. Kalau saya boleh menyimpan $100 30 tahun lepas (sebelum simbol RM, dulu kita pakai simbol $ ini tau, jangan tak ingat!) sekarang berapa saya dapat? Hehehe…duit yang disimpan di bawah bantal mana boleh beranak. Lagipun duit yang dipakai 30 tahun dulu mungkin sudah out of circulation.

Hmm..simpan dalam bank ajelah.

Saya tak mahu makan riba jadi katalah saya simpan saja di dalam savings account, bukan di dalam fixed deposit yang membayar faedah ke atas jumlah wang yang disimpan. Sama juga. Duit dalam bank mana boleh beranak. Silap-silap ditelan bank sebab akaun yang inactive. Huhuhu… Lagipun kalau 60 tahun dulu dengan $100 boleh beli 1428 singlet Pagoda, sekarang hanya dapat beli 10 helai sahaja dengan jumlah wang yang sama.

Duit saya perlu beranak. Tapi bagaimana caranya ya?

Pasaran saham? Saya tak percaya sistem itu.

Saham Amanah? Biar duit EPF sajalah. Ini kes pi mai pi mai tang tu.

Apa alternatif yang saya ada?

Anda boleh tolong saya?

Are we there yet? Part 2

Max Keiser: “It’s not worth the paper it is printed on.” (Sept 22, 2008)
http://blog.goldassets.co.uk/

(As at 10/10/2008)

Are we there yet?

What do I know. I’m just a small town mom. But I do read the papers (nope, not the local variety. Too much ajinomoto). I heard the US stock market is not doing so well. And when they got a stomach ache, in Malaysia we feel queasy. Some companies are in so much trouble that the US government decided to give them some money (and lots of it too!) and bail them out of trouble. US got money, meh? I thought they have like tragazzillion amount of debt already. So how to get more money? Owh, they borrowlah from some people who still have trust in the government. Like many Economics and Finance professors are saying, the government is default free. Sure can pay one. But how you know? I knowlah. The government will never run out of money what.

The government cannot run out of money. Go into your wallet and take a look at what you've got in it. It's called Federal Reserve Notes. Those are under control of the Federal Reserve. Do you notice that they don't say they are backed by gold. They are not backed by silver. They don't have to have anything behind them except the full faith and confidence of the government. (http://marketplace.publicradio.org/display/web/2008/09/17/pm_fed_cash/)

As long as the government say its true, money will always have its value.

Yea, right.

Double Whammy: 50-Year Record on Sept. 22. $10 Trillion on Sept. 30, 2008.

(to be continued)