factoring

siti umiul ni'mah (11220096)

Definition: A financing method in which a business owner sells accounts receivable at a discount to a third-party funding source to raise capital

One of the oldest forms of business financing, factoring is the cash-management tool of choice for many companies. Factoring is very common in certain industries, such as the clothing industry, where long receivables are part of the business cycle.
In a typical factoring arrangement, the client (you) makes a sale, delivers the product or service and generates an invoice. The factor (the funding source) buys the right to collect on that invoice by agreeing to pay you the invoice's face value less a discount--typically 2 to 6 percent. The factor pays 75 percent to 80 percent of the face value immediately and forwards the remainder (less the discount) when your customer pays.

Because factors extend credit not to their clients but to their clients' customers, they are more concerned about the customers' ability to pay than the client's financial status. That means a company with creditworthy customers may be able to factor even if it can't qualify for a loan.

Once used mostly by large corporations, factoring is becoming more widespread. Still, plenty of misperceptions about factoring remain. Factoring is not a loan; it does not create a liability on the balance sheet or encumber assets. It is the sale of an asset--in this case, the invoice. And while factoring is considered one of the most expensive forms of financing, that's not always true. Yes, when you compare the discount rate factors charge against the interest rate banks charge, factoring costs more. But if you can't qualify for a loan, it doesn't matter what the interest rate is. Factors also provide services banks do not: They typically take over a significant portion of the accounting work for their clients, help with credit checks, and generate financial reports to let you know where you stand.

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BETWEEN THE WORD AND THE SWORD

By

Faisol Haq (11220082)

Words like swords. Words can be very painful stab with if it is used by experts. Hurtful words can be more painful than a dagger stabbing[1]. In the mouth a few people, said to be a mantra. Packed with nicely, uttered repeatedly, echoed everywhere, and updated if necessary. If the beautiful words full of praise presented to the Lord, he became a prayer. if presented to humans, he became medicines and poisons as well. If the word is to lull the listener, so the loss of his reason, then the words become poison. Conversely, if heard and analyzed properly, the words of praise can be medicine.[2]

Actually, the most dangerous enemies are those who frequently use the words as a trap. Think of every word you hear, review in depth, do not be happy with the fast and quick to anger with a compliment or word scathing criticism[3].

The words and sword have similarities. Both can be a powerful tool murderer. In fact, the words are often sharper than any sword. By talking mouth organs and brain, can pack 26 people into thousands of words alphabetically. Encyclopedia Americana which was apparently compiled dozens of volumes by 26 piece latin alphabet[4].

A word if parsed by Emha Ainun Nadjib or Gunawan Muhammad would have unimaginable power. Their words are weapons that can kill or perfume like perfume person. Note also expertise J.K. Rowling wrote a novel in the Harry Potter and Tolkiens who wrote the novel Lord Of The Rings. Some people have said the intelligence process is very great. They affect and enchant people with your words[5]

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[1] Taufiq Pasiak, Manajemen Kecerdasan, Bandung: PT. Mizan Pustaka, 2007, 188.

[2] Ibid, 207.

[3] Ibid, 207.

[4] Ibid, 206.

[5] Ibid, 219.

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Implementation and application of the contract al kafalah in the banking world, By. Moh. Khisbul Muzaqqi

Al-kafalah an assurance given by the insurer (kafil) to third parties to fulfill the obligations of both parties or incurred. In another sense, kafalah also means shifting the responsibility of someone who is guaranteed to hold on to someone else's responsibility as a guarantor. Basically a form of insurance contract kafalah commonly run by company.

In the banking application is technically the bank in this case guarantees to clients in connection with contracts or agreements which have been agreed between the customer and kontrakkerja or agreement agreed upon between the customer and the third party. The bank as an institution that will guarantee to obtain an opinion on the benefits of increased wages they received in exchange for services duberikan guarantee.

In the banking system mechanisms kafalah principles can be applied in the form of a guarantee by first starting with the opening of the facility is determined by the bank on the basis of the analysis and evaluation of the customer will be given the facility. Kafalah facility which will visible ppada estimates given in the form of administrative and contingent commitments.

Facilities provided in connection with the application of the principle kafalah is issued a bank guarantee and letter of credit facilities. Akafalah function is the provision of a bank guarantee by the relevant parties to run their business more Amanda guaranteed, so the lack of certainty in business or a transaction, because with this guarantee means that the bank will take over nasbah risk or liability, if the customer defaults or negligence in meet its obligations.

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Problems in Islamic Banking

Islamic economic development continues to evolve today. Some present business activities is one economic activity continues to grow increasingly complex and diverse than the existing economic activities in the days of Rasulullah and his companions. The times make the man made ​​innovations in the conduct of economic activities which form more easily for the benefit of the people. Notwithstanding the legal determination of the present business activities still have to refer to the Qur'an, Sunnah and Ijma. Through the process of ijtihad also be considered economic practices that already exist in the community.

But, the development of Islamic banking business couldn't growing rapidly yet in Indonesia. That's because there are still issues that hinder the Islamic banking business.

First, the availability of products and standardization of Islamic banking products. This is because as long as there are many Islamic banks are not doing business according to Islamic principles. Standardization is necessary by reason of the Islamic banking industry has differences with conventional banks.
Second, the level of understanding (awareness) Islamic bank products. Until now, very few people who know about Islamic banking products and terms in Islamic banking
Third, Islamic banking industry is human resources (HR). The problem that occurs is difficult to find banks Islamic banking competent human resources and qualified.

Mudawamah - 11220079

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