The Islamic Financial Committee, Financial Products & Instruments for the Banking Sector
This is an article on understanding a simple aspect of what’s already known to most people about flexibility in the financial friends’ bank community. The economic system requires different styles of financial support in terms of removing reliance on certain established monetary systems that create further debt and result in debt slavery to the individual or even at different macroeconomic levels, from an institution, business, government, or even a collection of different countries that help and support one another.
The people’s informal banking committee system is designed so that friends and colleagues can pay into a collective pool of money from each person within specific time-based installments, such as at a micro level for the poor and macro level for the entire monetary system. They are already established within, such as Western Civilization, the giveaway pages of billionaires to pool their resources to help and support philanthropic charitable causes all over the world, such as the Gates Foundation.
Many states are struggling with debt to international systems of financial support that cause Stimulus packages and austerity measures to determine how a nation’s financial capacity can be utilized toward development, progress, or even creating a means to remove whatever nation on earth is under debt from billions to the trillions of dollars. There maybe a few exceptions where sustainable resources and self-reliance have created the means to attain self-sufficiency.
The financial committee system helps and supports friends, colleagues, and relatives where they use their resources to provide relief from an affliction of some nature that results in the requirement of financial support to alleviate the condition of the person so that they can progress, improve themselves, and also be grateful to the help and support that is given from the Divine, and through the people. If these financial committee systems are formalized and also use different methods of providing relief to the people by enriching them and creating wealth that can at least be the means to remove the harmful effects of poverty, an informal committee financial support is working at a micro level where a person can establish at a macro level. However, there are many rules and regulations within the banking industry that require, instead of giving loans, that the people contribute either to an organization, a foundation, a charitable cause, an educational system, or any financial commodity or any aspect that requires the development and progress of each family in any industry or sector.
The people must remove from their hearts the greed for more wealth and contribute their excess wealth within a timeline of approximately three to thirty days, giving away only that which is above the needs of themselves and their families. If every capable person were to involve themselves in this activity accordingly, the goodwill, the monetary system, the barakah, and blessings will remove the suffering, whether financial or any other aspect, so that every nation could remove the debt that they cause deliberately due to the riba-based economic system that destroys entire nations. This requires an in-depth analysis and study of different Islamic financial systems and methods to create functional and robust monetary sound systems through their effects of sound theory and sound application.
Most of all, the understanding of how the different Islamic financial systems and various products and financial instruments can be used to generate wealth, starting even at a micro level to a macro level, not just through banks but also through businesses and other causes institutes and industries.
Any, industry or corporation, or even an individual, uh, sole trader – any person can support, according to their means and capability. But the nature of humans is that they want more for themselves and less for other people, for most of them. And the greed of humanity is what prevents equal wealth distribution and causes more trials tribulations and enemies to be created within their lives. The majority of wealth is concentrated within the hands of a few and the majority of people are below or under the poverty line living hand to mouth or pay check to pay check. The wealth accumulation results in economic stagnation and distribution and use of wealth for various service and industries help the many different businesses, industries and entire economic systems to be fluid and dynamic working within optimal levels of wealth building and distribution which is where no one is left with a hungry belly or sick child somewhere without the system to establish the means to provide the necessary facilities to create and build the monetary wealth of each family unit, state and nation.