Correction to: A Recursive Co-occurrence Text Mining of the Quran to Build Corpora for Islamic Banking Business Processes

Islamic banking takes part in the Indonesian economic and financial system which contributes to the dynamics of eeconomic growth. The number of Islamic banks in Indonesia, through its market share, is still quite small, namely 5.95% in 2019 of the total national banking market share. One of the main activities of Islamic banking is channeling financing through financing based on the type of use and business category. This study aims to determine the short-term and long-term contribution of Islamic banking to Indonesia's economic growth using the Vector Error Correction Model (VECM) method. The data used in this study are quarterly secondary data of real Gross Domestic Product (GDP) and financing based on the use and category of Indonesian Islamic banking business types, which consist of working capital financing, investment financing and consumption financing. The results showed that in the short and long term, the variable consumption financing had a significant negative effect on Indonesia's economic growth.

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IPTEKS PENERAPAN DAN MANFAAT TEKNOLOGI INFORMASI TERHADAP PROSES BISNIS PERBANKAN PADA PT. BANK RAKYAT INDONESIA (PERSERO) TBK. KANTOR CABANG MANADO

Jurnal Ipteks Akuntansi Bagi Masyarakat ◽

10.32400/jiam.2.02.2018.21844 ◽

2018 ◽

Vol 2 (02) ◽

Author(s):

Valencia Matthew Anis ◽

Steven J. Tangkuman

Keyword(s):

Information Technology ◽

Information System ◽

Business Process ◽

Success Factors ◽

Business Processes ◽

Company Performance ◽

Business World ◽

Business Information ◽

Banking Business ◽

Branch Office

The use of information technology plays an important role in the company's business processes. One of the success factors of company performance is the optimal use or application of information technology. Especially in banking business process activities, the use of information technology is one of the weapons in competition in the banking business world. In this article Bank BRI, which is one of the largest banking companies in Indonesia, also relies on information technology in the continuity of its business processes. In this article, we will discuss about the application of the Bank BRI Manado branch office’s Information Technology and its benefits in the continuity of banking business processes. In this case the BRI bank Manado branch office uses a variety of information systems in the banking business processes that will be explained in this article.Keywords : Business Processes, Information Technology, Banking business, Information System, Bank

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PEMIKIRAN EKONOMI ISLAM: ANALISIS PEMIKIRAN M. YASIR NASUTION TENTANG ETIKA DALAM BISNIS PERBANKAN ISLAM

Jurnal Perspektif Ekonomi Darussalam ◽

10.24815/jped.v2i2.6688 ◽

2017 ◽

Vol 2 (2) ◽

pp. 107-124

Author(s):

Muhammad Syahbudi ◽

Lili Puspita Sari

Keyword(s):

Work Environment ◽

Legal Status ◽

Ethical Issues ◽

The State ◽

Islamic Banking ◽

Know How ◽

Banking Business ◽

Islamic View ◽

Formal Rules ◽

Thought Leaders

The preparation of this article is based on the ethical issues that are applied in business activities in the Islamic banking business institutions associated with legal status in the Islamic view. Articles in exciting to do because they want to know how the application of ethics which should be implemented in the institution of Islamic banking business in running the business. For example in matters of operations and services to customers. This article carried on a Professor of Islamic Economics at the State Islamic University of North Sumatera. Focus on the issues of thought leaders M. Yasir Nasution on Ethics in Islamic Banking Business. Some of the discussion, the ethics that should be applied to the Islamic banking business is not only formed on the formal rules but also must understand the substantive sharia. By applying dormant qualities cultivate Apostles in the work environment will allow businesses to be able to carry out its activities with the principles of Islam.Penulisan artikel ini didasari pada permasalahan etika yang diterapkan dalam kegiatan bisnis di perbankan Islam dan dikaitkan dengan status hukumnya dalam pandangan Islam. Artikel ini bertujuan untuk mengetahui bagaimana penerapan etika yang seharusnya diterapkan di perbankan Islam ketika menjalankan bisnisnya, terutama dalam kegiatan operasional dan pelayanan terhadap nasabah. Penelitian ini dilakukan terhadap seorang Guru Besar Ekonomi Islam di Universitas Islam Negeri (UIN) Sumatera Utara. Fokus permasalahan adalah pada pemikiran M. Yasir Nasution tentang Etika dalam bisnis perbankan Islam. Hasil penelitian menunjukkan bahwa etika yang seharusnya diterapkan pada bisnis perbankan Islam tidak hanya terbentuk pada aturan formal tetapi juga harus memahami substantif syariahnya. Dengan menerapkan sifat-sifat terpuji Rasul dalam lingkungan pekerjaan, maka akan memudahkan pelaku bisnis untuk dapat menjalankan kegiatannya sesuai dengan prinsip-prinsip Islam.

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Indonesian Journal of Islamic Literature and Muslim Society ◽

10.22515/islimus.v1i2.463 ◽

2016 ◽

Vol 1 (2) ◽

pp. 215

Author(s):

Hatta Syamsuddin ◽

Abdul Khaliq Hasan ◽

Moh Muinudinillah

Keyword(s):

Supervisory Board ◽

Islamic Finance ◽

Islamic Banking ◽

Finance Industry ◽

Islamic Jurisprudence ◽

Banking Business ◽

Rules And Principles ◽

Muslim Communities ◽

Financial Transactions

The emergence of Islamic banking was considered as a response to the desire of Muslim communities to disassociate from usury (riba-based) system. The development of time increasing the diversity of financial transactions, both in trading and banking business, which has no provisions in the old sources of Islamic jurisprudence. This dangerous phenomenon was the reason for the importance of a Sharia Supervisory Board to ensure all of the banking transactions comply with the rules and principles of sharia. This research focused on the role of National Sharia Board and his methodology in the fatwa. This research uses analytical descriptive methodology. The limitations of this research were about: how the National Sharia Board played their roles in Indonesia and how the method applied by the National Sharia Board in issuing a fatwa. The research found that: the National Sharia Board in Indonesia has played their roles, especially in developing Islamic finance industry, ensuring financial and banking transaction comply with the rules and principles of sharia, and providing awareness and guidance to the Muslim communities. The issuing of fatwa on financial transactions was the authority of the National Sharia Board. The National Sharia Board hold on procedures, specific steps, and certain agreed methodology in issuing the fatwa. Nevertheless, there still some fatwas that caused controversy in the Islamic community

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Identifying the perspectives for sustainability enhancement

Journal of Advances in Management Research ◽

10.1108/jamr-02-2016-0012 ◽

2016 ◽

Vol 13 (3) ◽

pp. 244-270 ◽

Cited By ~ 5

Author(s):

Neeraj Bhanot ◽

P. Venkateswara Rao ◽

S.G. Deshmukh

Keyword(s):

Text Mining ◽

Clustering Algorithm ◽

Business Processes ◽

Manufacturing Sector ◽

Principal Component ◽

Machining Process ◽

Machining Processes ◽

Content Type ◽

Word Clouds ◽

Industry Professionals

Purpose Integrating sustainability strategies with business processes is the most challenging task for industry professionals due to the lack of a proper understanding of sustainability concepts. At the same time, a lack of proper guidance restricts them from pursuing such activities. As far as the aspects of implementation are concerned, it is very tough to analyse and pick up key points to start with. The purpose of this paper is to utilize a text mining approach to analyse qualitative data and identify the critical issues for implementing sustainability in the manufacturing sector by focussing on turning processes based on the survey responses of researchers and industry professionals. Design/methodology/approach An integrated method employing principal component analysis (PCA) and the k-means clustering algorithm has been applied to extract useful information from a set of various suggestions provided by both the groups surveyed. The textual data has also been visualized using word clouds and, thus, it has been compared with the results of the text mining approach. Findings The results of the study indicate the importance of the role of government organizations and the need for a skilled workforce, which are crucial for enhancing aspects of sustainability in the manufacturing sector, as supported by both researchers and industry professionals. Besides this, researchers have highlighted the need to focus more on environmentally related issues, whereas industry professionals have raised performance-related issues. Practical implications The findings of the study present the important concerns of both the groups towards sustainability initiatives and, thus, will help to enhance the understanding of the underlying possibilities of negotiating jointly to enhance the performance of machining processes. Originality/value The novelty of this paper lies in its identification of important initiatives that are having a direct impact on the sustainable aspects of the machining process, based on the views of researchers and industry professionals.

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Innovative financial technologies as a factor of competitiveness in the banking

SHS Web of Conferences ◽

10.1051/shsconf/20196900043 ◽

2019 ◽

Vol 69 ◽

pp. 00043

Author(s):

Marina Glushchenko ◽

Naila Hodasevich ◽

Natalia Kaufman

Keyword(s):

Financial Market ◽

Asset Management ◽

Financial Services ◽

Business Models ◽

Business Processes ◽

Banking Services ◽

Currency Exchange ◽

Banking Business ◽

Money Transfers ◽

High Level

The models for the implementation and development of financial services and services are changing due to the global transformation of the financial and economic sphere, which is caused by the emergence of innovative financial technologies. This leads to a fundamental change in the financial market and the factors that determine the leading positions of its participants. Only the use of innovative technologies in the banking business ensures a high level of competitiveness in the market and further expansion of the client base. Banks are rebuilding traditional financial business models through cooperation with FinTech-industry, reforming business processes in areas such as banking services for individuals, lending and financing, payments, money transfers, asset management, currency exchange, insurance, blockchain transactions. The purpose of the article is to identify the main trends in the development of new financial technologies of banking. The authors identify the most important technologies that ensure the dynamic development of the global financial market and the fundamental transformation of the banking business in the past decade. In the article, the authors investigate the degree of their prevalence and the main areas of application in the field of banking, consider the successful practices of implementing of FinTech in the development of financial services.

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PERAN TATA KELOLA PERBANKAN SYARIAH TERHADAP RISIKO PERBANKAN SYARIAH DI INDONESIA

JURNAL ILMIAH AKUNTANSI UNIVERSITAS PAMULANG ◽

10.32493/jiaup.v8i1.3705 ◽

2020 ◽

Vol 8 (1) ◽

pp. 45

Author(s):

Rudy Hartanto

Keyword(s):

Corporate Governance ◽

Credit Risk ◽

Good Governance ◽

Banking System ◽

Islamic Banking ◽

Investment Risk ◽

Islamic Banks ◽

Control Variables ◽

Banking Market ◽

Banking Business

The increased penetration of the Islamic banking market in Indonesia is one of the highest in ASIA. The enhancement in the market has an impact on increasing the risk complexity of Islamic banking business activities. Sharia banking risks need to be managed and controlled properly in order to prevent banking failures. Bank governance (corporate governance) is indicated as one of the things that plays an important role in determining the level of risk faced by banks. The purpose of this study is to examine whether good governance can reduce the risk of Islamic banking. This study uses the population of Islamic banking from 2014-2018. The samples obtained in this study are 58 Islamic banks. The results showed that good governance can reduce the banking risk. In addition, the testing using control variables showed that the greater the size of the banking system that is proxied by the total assets, the higher the risk received by banks both from credit risk to investment risk.

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Entrepreneurial Innovation in Islamic Banking

Entrepreneurship and Business Innovation in the Middle East - Advances in Business Strategy and Competitive Advantage ◽

10.4018/978-1-5225-2066-5.ch015 ◽

2017 ◽

pp. 286-313

Author(s):

Philippe W. Zgheib ◽

Lama I. Massalkhy

Keyword(s):

Customer Value ◽

Banking Sector ◽

Islamic Banking ◽

Fractional Reserve Banking ◽

Advantages And Disadvantages ◽

Fractional Reserve ◽

Banking Business ◽

Customer Perspective ◽

Innovative Tool ◽

Reserve Banking

Instruments of Islamic finance have recently reemerged as an innovative tool for entrepreneurial transactions. Purpose of this chapter is to: a) define Islamic banking Product; b) compare with nearest western banking equivalent; c) highlight advantages and disadvantages of product; d) state future progression of banking towards convergence or divergence between Islamic and Western banking; and e) finally evaluate the role of client focus and customer driven performance in the future trends of entrepreneurial Islamic funding. This chapter highlights the concept of Islamic Banking. Business is slowly adopting Islamic banking as a rival market to western fractional reserve banking from the perspective of delivering customer value. This synopsis covers 19 instruments of Islamic banking by comparing the advantages and disadvantages of each one to that of conventional banking. Interestingly, the comparative methods result in several findings including the fact that banks must be completely devoted to providing customers with excellent service standards, and must also cater for customers‘ needs and demands. In addition, if Islamic services are desired, then the ones who cater for those needs will survive. Whereas western banks have a higher chance to penetrate the Islamic banking sector, Islamic banks can't provide any conventional banking services due to Sharia'a rules that prohibit fixed or floating payment or acceptance of specific interest or fees for any service.This chapter also concludes with a contrast between Islamic and western banking from a customer perspective.

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Applying Mobile Technologies to Banking Business Processes

Handbook of Research in Mobile Business ◽

10.4018/978-1-59140-817-8.ch056 ◽

2011 ◽

pp. 778-792

Author(s):

Dinesh Arunatileka

Keyword(s):

Service Delivery ◽

Mobile Devices ◽

Major Part ◽

Business Processes ◽

Mobile Technologies ◽

Battery Life ◽

Screen Size ◽

Banking Business ◽

The Impact

This chapter discusses the impact of mobile technologies on service delivery processes in a banking environment. Advances in mobile technologies have opened up numerous possibilities for businesses to expand their reach beyond the traditional Internet-based connectivity and, at the same time, have created unique challenges. Security concerns, as well as hurdles of delivering mobile services “anywhere and anytime” using current mobile devices with their limitations of bandwidth, screen size and battery life are examples of such challenges. Banks are typically affected by these advances as a major part of their business deals with providing services that can benefit immensely by adoption of mobile technologies. As an example case study, this chapter investigates some business processes of a leading Australian bank in the context of application of mobile technologies.

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