Various Types of Credit Cards

Credit cards are part of some form of financial cooperation card. Credit cards are divided into two:

1. Credit Card Loans Can not Be Updated (Charge Card)
Among the most prominent feature of this card there was cover the total funds withdrawn in leg-hood in a certain time allowed, or a portion of the funds. Normally the time allowed for no more than thirty days, but sometimes can reach two months. If the carrier card to pay late in the time allowed, he would be fined the bridge. And if he refuses to pay, its membership is revoked, the card is pulled back and raised the issue to court.

The occupation of Fiqh Issues Regarding Credit Cards.

It is clear that the law against something that is based on the results of the perception of these things. As detailed as what our knowledge on various issues related to credit cards, will determine seat tailplane us in trouble against a variety of transactions, known in Islamic jurisprudence and an explanation of its laws, lawful or unlawful, and to determine the various alternatives that prescribed when the results of research confirms.

This credit card-related form of three things that we will consider sequentially as follows:

First: Linkages Between the card with the issuing bank the Parties ‘Spending Card Transactions’.
Many studies have jurisprudence surrounding this relationship. Many have opinions that were born around the issue in various Fish Research Institute of the existence of this card as a loan from the issuing bank, or as a guarantee for implementing the various commitments of others, or become a guarantor to relate with others.

Possible combination of collateral, guarantors and the loan that’s closest to the theory to review this transaction. Because that is the real purpose of the existence of the card. Because before use, the card is a guarantee, and the promise of a loan and guarantors. But after being used in the real sense and the bank has to cover costs incurred to represent the client, that promise has become a reality so that it becomes a loan and guarantors in the real sense.

It is hard to believe, but the Ukrainian economy may soon expect an amazing boom due to chickens. The 2009 regulations for the power privatization and the Green Tariff program may represent the best ideas of the Ukrainian government over the last few years. Jon M Queen DC has intensively studied the green energy around the world and has reached to a simple conclusion – Ukraine is the perfect environment.

One of the few ways to achieve green energy in Ukraine is through the agriculture. Jon M Queen’s studies seem to be real from this point of view. Alter Energy Group of Switzerland has recently announced that plans to implement an impressive plan in Ukraine and turn the waste into energy. According to Jon M Queen DC, Ukraine is the European country with the largest arable territory. There are thousands of tons of waste going to the waste bin every year. Instead of relying on the dangerous nuclear power, the government makes harsh efforts to support the green energy through the Green Tariff program. The program is available to any investor, regardless of the country. In other words, the international investments are welcomed. Alter Energy Group plans to grab all the manure and transform it into clean and safe heat and electricity. In other words, the agriculture is highly connected with the biomass energy.

The project is pretty new for the former Soviet Union country, but easy to understand. All the manure can be burned in order for heat and electricity to result. The results are to be used by the Ukrainian government for both its own population and the export. However, Jon M Queen also agrees that this process might take decades to be complete. There are a wide variety of restrictions set up by the Ukrainian government. The interesting part is that they cannot even be implemented due to the lack of possibilities. For instance, the request to use at least 30% Ukrainian equipments is absurd when the Ukrainian companies haven’t produced such advanced tools yet. At the same time, this chicken manure idea is very complex due to the heavy contents of ammonia.

Overall, these ideas are seriously getting shaped in the former Soviet Union country. Jon M Queen DC’s studies are detailed enough and don’t stop here. There are at least three other ways to produce green energy in a natural way. Although the process is hard to go on with, there will be a time when the risky nuclear power of Ukraine will become history.

Credit cards are a means to shop that allows postponement of payment on the purchase of goods or services. The parties involved in the mechanism of credit cards are as follows:
1. Acquirer
Acquirer is a party that manages the use of credit cards.
2. Cardholder
Holders of the card consists of individuals who have complied with the procedures and requirements specified by the issuer to where it can be accepted as a member and entitled to use the card in accordance with its use.
3. publisher
Publishers may include banks, financial institutions, and other companies that serve and  a card issued in this case credit card.
4. merchant
Merchant is the party who accepts payment by credit card. Merchant may include supermarkets, small shops, and others.

Understanding and Use of Credit Cards

Maybe some of us have had the means of payment which we often call the Credit Card. Right now everyone is very easy to get it, it could be a single person can earn 2-5 credit cards at once.

Aya will discuss the problem of understanding in advance Credit Card:

According to the Expert Dictionary is defined: “cards issued by banks and the like to allow the bearer to purchase items needed by debt. While the Arab Economy in the dictionary explains, “a kind of special card issued by the bank-as-card expenditures, then the amount will be paid later. The bank will provide to its customers globally that account to be paid monthly, or to directly debited from his account that are still functioning.

Usefulness of Credit Card:

1). As a means of payment instead.

Credit cards can be used as a tool instead of payment, so we do not need to bring plenty of cash, which can be lost or at risk of falling on the road.

2). As a backup.

Credit cards can also be used as a reserve for unexpected needs, such as if a sudden there are families who are sick and need to be cared for in hospital, then the payment can use a credit card, this is not a hassle than if we had to go to the ATM first, or dilute money in the bank.

3). Help pay for household bills.

In the credit card bill there is one facility, meaning we can ask the credit card issuing bank to pay the bill at a time on account of: electricity, telecom invoice / cellular phones, taps bills, internet bills and other bills with the knowledge intansi who issued the bill. Thus, every month we are not busy paying to several agencies, but the payment can be done all at once via credit card, direct debit done every month.

The things that are less good than the above Credit Card usefulness :

1. Replace Tool For Payment

Weaknesses:

- That is if the type of consumer is very dangerous, because we are so difficult to control all the things we buy because we are still able to pay by Credit Card with a certain limit.

How to anticipate:

- By signing up all the needs that we had to meet at that time. For example, it is today. Many school children need (books, new uniforms, etc.) that we must fulfill. Make it a priority of our credit card usage is.

- Try us bring the credit card is only to places that provide these purposes we need. This serves to minimize the use of outer d  that we have set in early.

2. As a Backup

Weaknesses:

- Sometimes many public facilities are not provided with a credit card payment facility.

How to anticipate:

- We have to get used to predict how much budget we should spend for unexpected needs. According to Mr. Godo Tjahjono, SE, M Si, RFC business and financial practitioners, we must have an emergency fund of at least 3-6 times our spending ato family (for those who have a family). And more storage in the form of savings or deposits.

3. Helping Top Payment and Claims Payment Household

Weaknesses:

- If we forget to pay credit card bills we will pay interest that is not comparable when we mebayar these bills in cash through an ATM or cash to banks that have been d point.

How to anticipate:

- We  reminder on the agenda, hp tool  other reminders a day before the bill due date. That we have to pay these bills in full without remainder. Because of the delay can be  2-3% of the total interest bill.

- Never use the facility to take cash from your credit card, because it will be subject to the direct connection of 10% after the transaction.

Having one easy payment tools such as Credit Card is not a bad thing or a loss, but how do we  is the key to be able to avoid faults us in managing our personal financial budget.
Well that was the view of the Credit Card that may be my friends take the positive and negative aspects. Hope can be useful for us all.

Surge in world gold prices up to the level of U.S. $ 1,300 per ounce has made it increasingly attractive commodity. Not a few investors hunt for gold because of the hope that prices will continue to rise, though also not a few who worry that level is only considered to be just a bubble or bubbles where any time the price will fall again.

Executive Director of Gold and Gems Merchants Association of Indonesia (APEPI) Iskandar Hussein assess the current soaring gold prices can not be separated from the still unstable economic conditions in the countries of the Americas and Europe. Banking conditions are still not safe and great risk that many investors turn to gold.

According to him, the gold price is expected to continue rising until December. Although it could not estimate how much the maximum that can penetrate this precious metal, but Alexander agreed price of gold will likely continue to rise and hard fall. “If it does not rise, prices will still remain well above U.S. $ 1,315 per ounce. In Indonesia, currently trading in the range of USD 350 thousand / gram.”

Optimism persistence of the price of gold at the highest level, according to him, because many big countries like China that foster foreign reserves in gold. These countries certainly do not want to fall in gold prices in the market. “They do not want to lose. If prices fall, they immediately announced will buy gold in large quantities. If it’s like that, the price of gold will rise again, “said Iskandar.

Therefore, gold is considered fairly safe investments, especially when compared with stocks. However, Iskandar warned not mean no risk. Just as investment property that costs practically always continue to rise, gold investors also need to be vigilant. “The price of property like land is continue to rise. But if there are disasters such as floods are also worthless. “

He gave an example, when a crisis occurs, countries like China will also be flush with the stock market price of gold so that gold can be damaged. But the decline in gold prices usually do not last long and tend to re-strengthen. “Therefore, investing in gold is more suitable for long term investment, not short term.”

To be profitable, Iskandar gives tips for gold investments.

According to him, gold is more profitable to invest compared to gold jewelry. Its value is intact because it does not add to the cost of design, but is more complicated for storage.

“For those who really invest, gold bullion is more profitable. If possible the weight between 50-100 grams as well as counts per gram less expensive than the little bars, much less than buying gold jewelry, “he said, Monday (4 / 10). In addition, if you buy small gold bars, also the production of charge.

Meanwhile, for gold jewelry, the price is more expensive than gold bullion. “For those whose capital is tight, gold jewelry can also be an option. Moreover, gold jewelry can be both for accessories, stylish. If the bar can not, “said Leo Hadi Loe, the World Gold Council Representative of Indonesia.

United States may be experiencing debt downgrades by international rating agencies, Standard & Poor’s. However, Uncle Sam’s country was until recently listed as the country with the largest gold reserves in the world of earth.

Based on official data or the IMF’s International Monetary Institute as quoted by the World Gold Council, gold holdings reports some countries in the world was issued in August 2011 with the period of ownership until May or June 2011.

In the report the IMF said, a list of the gold wealth of this country not to mention the entire country in the world. Apart from the delay in submission of the report gold holdings for six months, there are also countries that are deliberately did not report the amount of their gold holdings.

The number of gold holdings indicates the portion of the value of gold against a country’s foreign exchange reserves. To calculate these portions, the World Gold Council data in June 2011 the gold price of U.S. $ 1505.50 per troy ounce.

From the latest report, published IMF gold reserves in the world reached 30,700.1 tons. European regions have recorded a wealth of gold reserves total 10,792.5 tonnes.

Currently, the United States is still listed as the owner of the world’s largest gold. The U.S. is known to have reserves of gold weighing 8133.5 tons. This amount reflects the country’s foreign exchange reserves 74.2 percent Barack Obama’s leadership.

In the second place, Germany is threatened with stagnant economic growth in the third quarter of 2011, has reserves of gold weighing 3401 tonnes. Gold reflects 71.4 percent of foreign exchange reserves of the country producing the Mercedes Benz sedan.

Although not a country, the IMF’s gold holdings were recorded as much as 2814 tons. With the volume of gold weighing it, the IMF entered the ranks of the three great rulers of the earth gold in the universe.

Two countries that are fourth and fifth is the country from Europe. Same with Germany, two countries are also being faced with a debt crisis that hit the blue continent.

In fourth position, the IMF noted Italy has 2451.8 tonnes of gold reserves. The number of gold showed 71.2 percent of the portion of foreign exchange reserves is Pizza.

Meanwhile, followed in fifth position is French. As chair of the G-20 group in 2011, France has gold reserves of 2435.4 tons. This amount shows 66.2 percent of the country’s foreign exchange reserves that mode.

For the Asian region, a number of countries included in the top 10 gold ruler of the world there are names such as China and Japan as much as 1054.1 tons 765.2 tons.

The IMF also noted Indonesia currently has as many as 73.1 tons of gold. Gold is known to contribute portions of Indonesia’s gold reserves of 3.1 percent. With these reserves, Indonesia is in a position to beat the world 38 other Southeast Asian countries like Malaysia as much as 36.4 tons.

The increase in gold is a very significant concern as a bubble (bubble) is ready to erupt at any time. Can be corrected so that the gold price back to the actual price.

Employers and most successful former trader for 50 years, George Soros, warned investors not to get caught in this huge bubble. He told investors that the investment gold is now clearly no longer safe.

According to Soros, inflate the price of gold has occurred since last February. At that time the price of gold has touched U.S. $ 1,150 per ounce, and this speculation there will be no end.

“Anyone who commits the transaction of gold since February, he will be a big loss,” he said, the World Economic Forum meeting in Davos, Switzerland, some time ago.

According to Soros, metal prices began is no longer reflects the real value of existing fundamentals. Investors have been buying gold has gone up, hoping to continue to rise. Rising prices have created demand for their own.

How can these cases do not recur? Trader of the Harvest International Futures Tony Mariano appealed to people to choose a smart investment product, one with a recognized risk. “If you already know the risks, people will tend to be careful,” he said when berincang with VIVAnews.com, Tuesday, December 20, 2011.

Especially for gold, he pointed out, there are several types of businesses with a variety of risks. Investing in gold bullion gold will differ from the risks of derivatives aka gold futures. Indeed, gold futures gain is relatively larger than the gold bullion, so the risk is even greater.

In addition, according to Tony, the community also must be good at reading the global situation. Do not rush before knowing the condition of the global market. So people can play down the risks.

Prospective investors should also understand where the money would be invested, so they can avoid being deceived. He said many victims of fraud who does not know where the money is placed.

That tends to be more secure, Tony says, is an investment in gold bullion alias bonds or debentures. “It’s just safer in government bonds,” he said. “If the stock or foreign exchange (forex) tend to be high risk.”

A number of wealthy people in the world have responded to economic worries by buying gold in large quantities. Even the purchase is not in a matter of bars anymore, but it was tons

In the ABC report, Monday, October 4, 2010, the world’s richest person has transferred assets from the financial system that used to sustain a big advantage for them.

UBS executive Josef Stadler said that fears that the economic downturn has increased the appetite exceptional hunting and gold mining company shares to investors.

“They do not just buy ETF (mutual funds traded on exchanges) or a futures exchange, but also buy physical gold,” said Stadler who run services for clients with assets of U.S. $ 50 million. The message conveyed in the show “Reuters Global Private Banking Summit” in Geneva, Switzerland.

UBS recommends that clients of the top 70-10 percent of their assets invested in precious metals like gold. Gold prices continue to soar, on Monday traded at U.S. $ 1.314 an ounce, close to the highest price last week.

“We have a clear example, of some of our existing clients who purchase more than one ton of gold,” said Stadler. At current prices, the purchase is valued at approximately U.S. $ 42 million.

Julius Baer chief investment officer for Asia is also recommending that wealthy investors to plant some of their assets in gold. This was done as a defensive posture after a series of lackluster U.S. economic data. In addition, investors are also worried about the weakening U.S. dollar.

“I see gold as insurance,” said Van Anantha-Nageswaran. “I recommend a minimum of 10 percent in the portfolio and the rest will be used for trade.”