![\"17319371\"](\"https:\/\/blogs.transparent.com\/indonesian\/wp-content\/uploads\/sites\/37\/2015\/06\/17319371.jpg\")
<\/a><\/p>\nThe arisan clubs are informally formed, yet have quite strict rules that all the members must follow. All members regularly\u00a0pool an agreed amount of money or goods at a particular time, either weekly, biweekly, or monthly at each member’s house or a public gathering place. At regular periods\u00a0–\u00a0usually when the money or goods are being pooled\u00a0–\u00a0one or more members draw lots to get the amount of money or goods that has been collected. The amount of money or goods received will equal the amount paid to other members; it depends on how many people are allowed to draw in\u00a0the lottery. Each member will take a turn to win, and the cycle will end when all members have the opportunity to win.<\/p>\n
It is very common in Indonesia to be part of an arisan; one person can become a member of several arisans. To the members, it is a way of saving money\u00a0and borrowing money from their peers. \u00a0The forms of Arisan can be varied; it can\u00a0be\u00a0an essential form of credit in a poorer social circle or a\u00a0means\u00a0to\u00a0fund an expense, such\u00a0as\u00a0schooling, wedding, and\u00a0fixing or renovating a house. \u00a0Nowadays, Arisan has evolved to a purely social rather than a\u00a0money-saving\u00a0gathering, specifically to the high-class society.\u00a0 However, as a source of finance, it represents an alternative to bank loans and other forms of credit. \u00a0For unbanked Indonesians, Arisan can be the only way to get any financial service that would\u00a0give them a lot of advantages as it does not charge interest.<\/p>\n
Related words and terms<\/strong><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" What will Indonesians do to strengthen the bond between them? They will form an \u201cArisan\u201d. An\u00a0arisan is a social club with a limited membership (who are mostly women), and it is uniquely Indonesian. Those who join the club have\u00a0at least similar backgrounds or interests, such as relatives, office colleagues, ex-coworkers, classmates, former schoolmates, and hang-out…<\/p>\n\n\n
\n Indonesian<\/strong><\/td>\n English<\/strong><\/td>\n<\/tr>\n \n Kocok \u2013 mengocok (retated<\/td>\n To shake a tube till one of the lots fall out which
\ncontains the name of the winner (s)<\/td>\n<\/tr>\n\n Giliran<\/td>\n The turn to win<\/td>\n<\/tr>\n \n Gulungan kertas<\/td>\n Rolled of paper filled with all members\u2019 names.<\/td>\n<\/tr>\n \n Bergantian \/ bergiliran<\/td>\n take turns<\/td>\n<\/tr>\n \n Tarik \u2013 menarik<\/td>\n to draw (lottery)<\/td>\n<\/tr>\n \n Menyicil<\/td>\n To pay by installments<\/td>\n<\/tr>\n \n Cicilan<\/td>\n The installment payments<\/td>\n<\/tr>\n \n Menalangi \u2013 ditalangi<\/td>\n To pay for someone else and will be paid later<\/td>\n<\/tr>\n \n Pinjaman<\/td>\n Loan<\/td>\n<\/tr>\n \n Meminjam<\/td>\n To borrow<\/td>\n<\/tr>\n \n Tabungan<\/td>\n Saving<\/td>\n<\/tr>\n \n Menabung<\/td>\n To save (money)<\/td>\n<\/tr>\n \n Riba (origin: Arabic)<\/td>\n Riba<\/strong>\u00a0is an unjustified increment in borrowing or lending money, paid in kind or in money above the amount of loan, as a condition imposed by the lender or voluntarily by the borrower.\u00a0Riba<\/strong>\u00a0defined in this way is called in Fiqh\u00a0riba<\/strong>\u00a0al-duyun (debt usury).Source:\u00a0www.islamic-banking.com\/iarticles_8.aspx<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n