CALCULATING PROFIT SHARING iB

Profit sharing in Islamic banks - Perbankan Syariah - use the term profit sharing ratio, that is the proportion of profit sharing between the customer and the Islamic bank. For example, if customer service Islamic banks offer profit sharing ratio of 65:35 iB Savings. That means customers of Islamic banks would get the result by 65% of the investment return generated by the Islamic banks through the management of public funds in the real sector. Meanwhile, Islamic banks would get a portion of revenue sharing by 35%.How to calculate the revenue sharing? 

 

For financing products / deposits of Islamic banks, such as Savings iB and Deposit iB, the determination of the profit sharing ratio is influenced by several factors: the type of deposit, the estimated investment income and bank operational costs. Only iB deposit products with an investment scheme (mudaraba) who get the return for the results. Meanwhile, for deposit products iB with deposit scheme (wadiah), return that was given in the form of bonuses.

First of all calculates the level of investment income that can be distributed to customers. Expected investment income is calculated by Islamic banks to look at the performance of economic activity in sectors that become an investment destination, for example in the property sector, trade, agriculture, telecommunications or transportation sectors. Each economic sector has different in characteristics and performance, so will provide investment returns in different as well. As befits a manager of investment, Islamic banks will use a variety of economic and financial indicators that can reflect the performance of the sector is to calculate the expectations / projections of investment returns. Including historical indicators (track record) from investing activities of Islamic banks has been done, as reflected by the average value of all types of financing iB that had been given to the real sector. From the calculation, it can be obtained from the amount of investment income in the form of equivalent rate-that will be distributed to customers for example by 11%.

Furthermore, calculated the amount of investment income which is a section forIslamic banks themselves, to cover operational costs while providing a reasonable income. The amount of operating costs depending on the level of efficiency of each bank. Meanwhile, a fair amount of revenues, among others, refer to the financial indicators of Islamic banks in question such as ROA (Return On Assets) and other relevant indicators. From the calculation, shows that Islamic banks requires investment income, which also counted in the equivalent rate-for example at 6%.

From both these figures, then the profit sharing ratio can be calculated. The portion of the results for our customers is: [11% divided (11% +6%)] = 0.65 or 65%. And for the results to Islamic banks amounted to: [6% divided (11% +6%)] = 0:35 or 35%. So the ratio for the results then can be written as 65:35.

Of course, in practice iB customers not need bother with a difficult calculation for the results of this kind. Society just ask how many rate indicative of the Savings Deposit iB iB or she is interested. Rate this indicative rate is the equivalent value of the investment income will be distributed to customers, expressed as a percentage eg 11% or 8% or 12%. So the community with a fast and easy to calculate how much profit to be earned in the savings and invest in Islamic banks. Very easy isn’t it?

quoted from www.bi.go.id

Make Business Out of Foreclosed Homes

At first glance, the prospect does not seem to spoil for those wishing to start their own business on the side while holding day jobs. It also may seem risky for those who want to jump into the business of selling real estate full time since the hotel was the former.

home for sale

Small-time investors to seek gold in the economy is bad, if you have a financial IQ can help sniff the good from the bad. When the bad economy at the beginning of 1990, Robert Kiyosaki Rich Dad, Poor Dad fame does not go directly to the local real estate office. Instead, he went to the office to find a bankruptcy lawyer in negotiating transactions taken over the house could easily sell it again in 90 days. The reason I chose to households in difficulty is that these properties are often sold at lower prices, about 30 percent less than their market value. All he had was subtle, simple way to finance standards, research, and a lot of guts to back him in his business.

Some smart people tend to keep their jobs and real estate flipping in his spare time. A small transaction is taken over the house to produce a few thousand dollars, and investors after they make the company grow into a full time hobby.

Rentals

How others can make money from seizures is through leasing. A good way to increase personal income from their work day is to have a steady cash flow of small houses can be rented. This is especially attractive to families or individuals who work and still can not commit to buying their own homes because the economy is bad.

When the benefits of the housing market is up, that are rented the same house could be sold, even for twice the price paid by buyers of bad moments. Everything is a matter of time and a good eye for business.

This scheme can be repeated again and again when people take a second look over the house.

Fixed Rate Secured Loans

Some time we need loans from friends, family or financial institutions such as banks. These loans can be for investment purposes, school fees, fees for medical treatment, purchase houses, purchase of vehicles and other financing.

When we decide to use banking services in financing our needs, then one thing of our concern is the bank interest. Each bank offers loans with varied interest rates. Some offer fixed rate and the other offer floating rate. Each offer has its own advantages respectively.

In a system of floating rate bank usually offers low interest in a certain time, for example the first year, and then use the floating system. In this system there is no certainty in interest rates after the fixed rate period ends. When the economy is good and stable condition, usually it is advantageous for the borrower, while in an unstable economic situation this could be a boomerang for the lender.

The system of fixed interest payments due to better ensure the sustainability of debt repayments and interest are not affected by economic conditions. Although the interest rate offered is usually higher than the floating rate system but this is safer for borrowers.

Each option has risks respectively. In addition to the interest system, there is also the sharia system more friendly for the borrower, although not so popular in the community. Every person has the choice of each and all of them back on their personal.

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Fast Loan or Payday Loan

Finding Money is difficult for some of people, but managing money well is much more difficult. Many people who have high income, but their money is not managed well so quickly exhausted and can not be saved. Every one should have a savings account for emergencies needed when there are problems such as sickness, accident and others.

Tiadak For some people who have savings for things mendeak, must seek a solution to get money quickly. One of them is a Fast loan or payday loan. This is one way when other methods such as loans to friends or relatives is not possible anymore. So fast loan can be one solution to your finances.

Fast Loan (paydayloan)

Fast loan can be obtained from the lending firm. Unlike the banks that require a long process for approval, from lending firm you will get approval on the spot after you fill out the online form. If your application is approved, then your loan money will be transferred to your account within 24 hours after approval.

The need for fast payment requires fast loan. So there is little time to evaluate the paying capacity, credit standing, or financial status of the person. The only guarantee that lenders have is that the person will receive the paycheck in a few days time. In this regard, the payday loan as a fast loan is derived from the idea that the loan will be paid upon payday. Lenders then require that applicants provide the bank account where they receive their paycheck so they can readily debit the amount of the loan plus its interest and charges.

Overall, fast loans are short-term loans secured with the person’s paycheck. It is then important that the person has a job that guarantees immediate payment of the loan.  The use of a loan should be to meet obligations that require fast payment.