List of Universities in Malaysia
  • Home
  • Study in Malaysia
    • Students Visa for Malaysia
    • Cost of Studying in Malaysia
    • Students Experience in Malaysia
    • List of Universities in Malaysia
    • News and Intakes
    • Articles on Study in Malaysia
  • Study in UK
    • Student Visa to UK
    • Cost of Studying in UK
    • List of Universities in UK
    • Articles on Study in UK
  • Study in Canada
    • Student Visa to Canada
    • Cost of Studying in Canada
    • Chat Canada
  • Students Education
    • Economics
    • Finance
    • Tips To Get Good Grades
    • Test your Foundation level
  • Students Blog
    • Short Articles
    • Students Health
    • Students Life
    • World Visa
  • Let us Apply 4 u
    • Message the Universities
    • Chat Room
  • About Us
    • Contact Us
  • Econ and Finance

Why should we use Islamic Insurance (Takaful)

11/19/2012

0 Comments

 
Picture
One of the biggest issue that was debated in 2012 US presidential debate between president Obama and governor Romney is the health issues in US, this has been big issue not only in US but also in many countries. Health Care has been very expensive for many people, the cost of hospitals and medication has been increasing around the world. In US cost of health insurance is between $3000 to $6000 per year per person depending on the premium and the state, most of the states have different cost for the same premium and  the cost of health insurance per family is between $6000 to $13000. per year. If some day the person or family can't afford to pay the insurance anymore and the person or family didn't use the insurance or didn't use that much, then the person will lose all the payments he or she did. In Islamic insurance or in Takaful the money of the person will not be lost if the he or she can't afford to pay anymore. In Islamic insurance the money of the customers are invested in other investments and paid when there are profit, that means the customers can also earn some money and at the same time protected.  
The are some students who are not agree with Islamic insurance because in Islamic insurance the customers are joint therefore the monthly payment is joint together with other customers. If one other customers needs to use the insurance then they will take from the joint money and each time when someone takes the money the money will get less. Another one is in Islamic insurance the customers pay the money by saying it is donation so therefore the money can not be taken. In Islamic insurance even if the money can not be taken but the customer is entitle to the money he or she paid by using the money for emergency but can not withdraw the money. Every insurance have different policies, and one great thing about Islamic insurance or Islamic banking the customer will be informed about every detail of every information, the will be not hidden information. 
0 Comments

Should we replace paper money to gold?

10/24/2012

6 Comments

 
Your Ad Here
Picture
The topic on replacing paper money with gold has been discussed among the students, some of us agree with the idea of replacing the paper money with gold and some of us  don't agree with it. 
Students who agree with the idea of replacing the paper money with gold.
Most of the governments print money as they want for example US, before 1971 US dollar was backed by gold, money actually meant something up until 1971 when Richard Nixon ended any remaining link between the dollar and gold. Since 1971 the US keep borrowing money and printing as much as they want. US has debt over 15 trillion dollars this system of creating debt to print money has been working well for US but at some point this will stop. Gold has true value, using gold instead of money will give value to value, unlike paper money where the value of money is based on the policy of central bank. With current global crisis it will be good to use gold  instead of paper money, using gold will prevent from recession and inflation because the value will not come from government and central bank policies. In the economy the recession happens when the country has high unemployment and unemployment begins  when the country has low production. Production reduces when the demand for those products reduce, there are many reasons why demand reduces, but simple reason is when people can not afford. Most of the time people can not afford when the price of goods are high and salaries are low and another reason is when they have a lot of debt which they have to pay at high interest. Price of good increase due to speculation of commonalities at futures market. Replacing the paper money to gold can over come with problem by giving true value to the economy and to the goods. 

Students who do not agree with the idea of replacing the paper money with gold.

When the country uses paper money the money has to come back to the country at some point, if the country uses gold the money will keep going out and it might never come back to the country because gold has value anywhere at any shape as long as it is gold. Gold has high demand and it can be stored for very long time, there for can be sold any time. If the country uses gold, there will be shortage of money in the economy and this will result in recession, the money supply must be balanced. If the country uses gold instead of money that country will keep losing gold and these will reduce the economic condition of the country. If the country wants to use gold then they must wait until the global system adjusted to gold, until the global system is adjusted the country should save their gold for future. 
Instead of replacing the currency to gold, the country should make some percentage of their currency backed by gold. 




6 Comments

    Author

    Findinguniversity with Students

    Archives

    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    May 2013
    March 2013
    February 2013
    January 2013
    December 2012
    November 2012
    October 2012

    Categories

    All
    Economy And Finance
    Study Abroad
    Study In Malaysia
    Study In Uk
    Travel Abroad

    RSS Feed

    DMCA.com

Study Abroad 

Study in UK
Study in Canada
Study in Malaysia

Universities

List of Universities in Malaysia
Top 20 Rankings of Universities in UK
University Intakes in Malaysia
Setara 2011
Malaysian University Rating

Students

Students Blog
Students Health
Students Life


Follow @Findinguniversi
DMCA.com
Picture
Picture
Picture
Picture
Picture
edu.econ2u.com is information providing website, we provide information for current and prospective students. We help students in finding university of their choice by providing information. 
www.edu.econ2u.com Copyright © 2012 All rights reserved.