IS IT A NEW MASK OF CAPITALIST? (SHARIA)

As we know, in this globalization era. There are so many cases about economics. And one of cases is about the power of the big state which is Britain to influence Sharia scope. Those cases are the examples of the way chosen by the developed countries for their economic interests. Even when the system that must be applied seems unsuitable with the image of the country itself, which usually known as a capitalist country aka the opponents of Islam in the frame of terrorist. Britain is a developed country that has decided to develop Islamic financial system to attract foreign investors. With reasons and interests that intended for itself - with that decision of course!

*  So, how UK are interested to be a global Islamic financial center?

*   Why is there IMF's intervention?

*   Why is the UK offering Islamic financial sector cooperation to Indonesia?

*   Why Australia has also adopted the Islamic Financial System?

As we know that dependency is one of  International Relations’s concept. In the economics field, this concept raises relationship between developed countries which known as 'core' as well and the countries with the lower levels, both at the level of semi-phery phery as intermediate grade, or the periphery (the lowest part based on its economics). As much as possible, the developed countries tend to create a situation, where the poor countries would depend on them. By squeezing many extraordinary powers that possessed by those developed countries. Even looking for rifts.

Economics is one of aspects that determines the level of a country in a globalized world. Marxism as one approach, has analysis of the crisis in this economic problem. Historically, this approach was a critique for imperialism and global capitalist that had worsening the financial condition of the world and the human life with the classes that defined the rights of exploitation which is owned by developed countries to poor countries. Because of the differences in economic conditions, the concept of dependency emerged and tends to apply in the first and third world countries. This also proves that the country is not the main actor in the world system. In fact, many affairs are determined by social class.

ANALYSIS

Economics is an aspect that always get major attention in the study of the capitalism. Development and improvement of the economy are the goals of perpetual efforts of developed countries. For example, UK is very ambitious to become global Islamic financial center. This raises the question because Britain is not a country that has a Muslim background state. In fact, it is a country with Islam as a minority. For the sake of economics interest, Britain was willing to apply the Islamic financial system. It is originated from the fact that the global economic studies, Islamic financial industry can be as a relatively safe and more controllable in managing financial assets. This fact is derived from the fact that when compared with the conventional banks, Islamic finance is not obtained a large impact of the global financial crisis ever. That is why Britain was so eager to spread its wings in this new field. British really prepared a strategy to realize a prediction of one expert, Alex Callinicos, that in the early 21st century capitalism would be more wild than the crisis of 1930, 1997 and most recently 2008, which gives more worried about the impact to the world. Even America had to provide 700 billion dollar bailout fund (that predicted would continue to grow). Then European countries also followed U.S.’s way to save their financial structure. Worse, those predictions proved correct. The existence of the effects of global crisis which signed drop in stock markets, the panic of investors, then influenced the market confidence crisis and the fragility of the global economy during that capitalist system.

As a developed country, known as capitalist, Islamic system should not suitable to be. In fact, British tried to create a climate for investment by Shariah system. This reflects that what is to be an option, not always appropriated with the desired manner. Perhaps Britain is a developed country who very sensitive to another economy system, except capitalist system that had so far. But the reality now, instead he chose to involve themselves in the Islamic financial system (even want to be a center), although in reality, the Sharia financial is a system that originates in Islamic law, which knows non-usury, this is certainly contrary to the formerly UK’s economy in the capitalist icon.

If explored further, in fact the British have interest in ambitions to become a global Islamic financial center. Even he is also willing to be a U.S.’’s rival in this case. Britain intends to expand the capital and invite investors. He makes use of America’s difficulty in developing because of the sentiment that regarded Islam as a terrorist. Britain wanted to be a center for Islamic expected to increase up to trillions of dollars of assets. And this certainly is an opportunity to gain greater economic chance. The UK also involve the IMF as a body to supervise and issue Islamic instruments in Yemen. Even the IMF also recommended it’s plans to publish the instrument in countries bordering Saudi Arabia. The goal of course is to absorb the surplus funds contained in Islamic banks in the Middle East to finance social and economic planning interests of developed countries.

In addition, UK also offer cooperation sharia in Indonesia,. This shows the dependence created. Ironically, UK as Islam minority state offers something that should be owned Indonesia first as an Islam majority country; this is truly a comedy of political economy. However, the investment climate in Indonesia is less healthy, Indonesia does not have the potential to take the initiative. Why did British choose Indonesia? Of course it was a British strategy to get profits from periphery which has potential, because the majority Muslim population. In addition, British search rifts to control the investment climate in Indonesia, because the English’s position as a western country with the best Islamic financial system with 22 banks owned.

British’s interest as a rich country also affect the existing system in Australia. So, Australia nor willing to adopt this system. As the former British colony and the countries belonging to the commonwealth, the laws in Australia is tend to inherite British system. Then Britain can also affect Australia to adopt a system of Sharia. This is consistent with the fact that the colonies was free by the colonialist countries, but of course still be controlled economy. And this is evidence that developed countries do not want to just cut off dependence.

The interests of Britain as the developed countries is to build and strengthen its economy. But the strategy that had also anticipated that poor countries will be developed. This is apparent when Britain was so ambitious to be a global Islamic financial center. None other than the way in which the UK to create a rift to control global economy and creating dependency in a more subtle way. England know that the Islamic system of course interested countries with Muslim majority population and of course it is the Middle East countries. Cooperation and investment through the sharia is also certainly an unpredictable way that British’s strategy to take control of the economy with a country that has great potential because of increased oil revenues in the Middle East.





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