scholarly journals SUKUK AND BONDS IN INDONESIA: AN OVERVIEW

2021 ◽  
Vol 3 (2) ◽  
pp. 101-118
Author(s):  
Doli Witro ◽  
Iwan Setiawan
Keyword(s):  
Qualitative Research ◽  
Content Analysis ◽  
20Th Century ◽  
Capital Market ◽  
Financial Crises ◽  
Profit Sharing ◽  
Islamic Finance ◽  
Late 20Th Century ◽  
Financial Products ◽  
The Difference

From the early 1920s to the late 20th century, there were at least 25 financial crises globally. In 2018, the Global Islamic Finance Report reported that Indonesia has tremendous potential to develop Islamic finance. Some of the Islamic financial products that can be developed in Indonesia are bonds and sukuk. Bonds are a product of the capital market. In its development, bonds have undergone relatively rapid innovation, which provides room for issuing Islamic bonds known as sukuk. This paper discusses the difference between sukuk and bonds. This paper aims to look at the differences between sukuk and bonds and the opportunities for issuance, application, and development of sukuk in Indonesia. This research is qualitative research that is literature. As for obtaining comprehensive results, this study uses two approaches consisting of a socio-historical approach and content analysis. The analysis results show that sukuk are in principle the same as bonds, with the main differences, among others, in the use of the concept of return and profit-sharing as a substitute for interest. Keywords: Sukuk; Bond; Sharia Bonds; Capital market; Indonesia

scholarly journals The Revival of Mudharabah Contract: A Proposed Framework

2019 ◽  
Vol 10 (2) ◽  
pp. 70
Author(s):  
Siti Nurzahira Che Tahrim ◽  
Mohd Zulkifli Muhammad ◽  
Mohd Syakir Mohd Rosdi ◽  
Mohd Nor Hakimin Yusoff ◽  
Azizah Musa ◽  
...  
Keyword(s):  
Content Analysis ◽  
Profit Sharing ◽  
Islamic Finance ◽  
Economic Activities ◽  
Financial Products ◽  
Library Research ◽  
Data Collection Strategy ◽  
Suitable Concept ◽  
Partnership Agreement ◽  
Socioeconomic Benefits

Mudharabah is a profit-sharing partnership agreement of a business venture to carry out economic activities. Despite its potential socioeconomic benefits to the parties involved and to the society, the application of mudharabah is limited to engineered Islamic finance products which transform the conventional financial products into Shari’ah-compliant ones. We argue that, in order to realise the mudharabah true potentials, among others, the mudharabah contract needs to be revived. The purpose of this study is to propose a framework in reviving the mudharabah contract between the sahibul mal (capital provider/investor) and the mudharib (entrepreneur). The research methods used in this study are library research and content analysis. As a result, agency theory is recognised to be very relevant to the mudharabah contract. To revive the mudharabah contract, tahaluf concept (Islamic treaty with compliance with Shari’ah) is identified as the most suitable concept to be adopted. This proposed framework serves as guidance in formulating the data collection strategy from different perspectives i.e. from sahibul mal, mudharib, Shari’ah advisors and academicians.

scholarly journals [Zainuddin Labay Al-Yunusiyyah: The Great Muslih From Minangkabau] Zainuddin Labay Al-Yunusiyyah: Muslih Hebat Dari Minangkabau

2021 ◽  
Vol 22 (1) ◽  
pp. 61-73
Author(s):  
Nur Adila Muhammad ◽  
Izziah Suryani Mat Resad @ Arshad
Keyword(s):  
Qualitative Research ◽  
Content Analysis ◽  
20Th Century ◽  
Formal Education ◽  
Education Institution ◽  
Historical Research ◽  
Islamic Education ◽  
Islamic Thought ◽  
The Reformation ◽  
Huge Impact

Abstract Zainuddin Labay al-Yunusiyyah was one of the Islah Minangkabau scholar that play a huge role in the Islah Islamic thought and Islamic education reformation. Even though his education background is informal and was only received in the Minangkabau region, he can be regarded as an exemplary scholar that is very progressive and can be regarded highly with other Islah scholars. His biggest contribution that gives a huge impact towards the Muslim Minangkabau community is the Islamic education reformation with modern orientation. This model of modern Islamic education Institution that was introduced by Zainuddin Labay al-Yunusiyah became a prime example to the establishment of other Islamic education institution. Thus, this research will study the Islah movement in Minagkabau and the biography of Zainuddin Labay al-Yunusiyyah. In addition, the objective of this research is to analyse his role regarding the thought purification and Islamic education reformation in Indonesia.This research is a qualitative research that utilizes the content analysis as the research design with the use of historical research method.The finding of this research shows that Zainuddin Labay al-Yunusiyyah was one of the Islah scholars from the 20th century. Even though he did not receive a formal education and only receive his education in Minangkabau, he emerge as one of the reformation figure of Islah that have a huge impact to the Islah movement in Minangkabau especially the Islamic education reformation and also the Islah of Islamic thought in Minangkabau. The Islamic education reformation that has been done by Zainuddin Labay al-Yunusiyyah become the foundation and model of the Islamic education reformation in whole of Minangkabau and Indonesia. Keywords: Islah scholar, islah of Islamic thought, education reformation, Zanuddin Labay al-Yunusiyyah, Minangkabau   Abstrak Zainuddin Labay al-Yunusiyyah merupakan seorang daripada ulama islah Minangkabau yang memainkan peranan besar dalam islah pemikiran dan reformasi pendidikan Islam. Walaupun beliau mempunyai latar belakang pendidikan yang tidak teratur dan hanya belajar dalam wilayah Minangkabau, namun beliau merupakan seorang tokoh ulama yang begitu progresif dan mampu menyamai tokoh-tokoh islah terkemuka yang lain. Sumbangan terbesar beliau yang memberi impak besar kepada umat Islam Minangkabau ialah pembaharuan pendidikan Islam berorientasikan moden. Model institusi pendidikan Islam moden yang diperkenalkan oleh Zainuddin Labay al-Yunusiyyah menjadi contoh kepada penubuhan institusi pendidikan Islam yang lain. Justeru, kajian ini meneliti gerakan islah di Minangkabau dan biografi Zainuddin Labay al-Yunusiyyah. Selain itu, objektif kajian ini juga menganalisis peranan beliau terhadap pemurnian pemikiran dan pembaharuan pendidikan Islam di Indonesia. Kajian ini merupakan kajian yang berbentuk kualitatif menggunakan analisis kandungan sebagai reka bentuk kajian dengan menggunakan metode kajian sejarah. Hasil kajian mendapati Zainuddin Labay al-Yunusiyyah merupakan seorang daripada ulama islah abad ke-20. Walaupun beliau tidak mendapat pendidikan yang sistematik dan hanya belajar di Minangkabau sahaja, beliau mampu muncul sebagai tokoh pembaharu dan islah yang memberi impak besar kepada gerakan islah di Minangkabau terutamanya reformasi pendidikan Islam dan juga islah pemikiran Islam di Minangkabau. Pembaharuan pendidikan Islam yang dilakukan oleh Zainuddin Labay al-Yunusiyyah menjadi asas dan model kepada pembaharuan pendidikan Islam di seluruh Minangkabau dan juga Indonesia. Kata kunci: ulama islah, islah pemikiran Islam, reformasi pendidikan Islam, Zanuddin Labay al-Yunusiyyah, Minangkabau

scholarly journals Post- Modern elements in the novels of Chetan Bhagat

2018 ◽  
Vol 6 (8) ◽  
pp. 11
Author(s):  
Dr. Radha ◽  
Dr. Premalatha. C 
Keyword(s):  
20Th Century ◽  
Real Life ◽  
16Th Century ◽  
Western Philosophy ◽  
Economic Power ◽  
Late 20Th Century ◽  
Distant Observer ◽  
Post Modernism ◽  
The Difference

Postmodernism is a Western philosophy, a late 20th-century movement characterized by broad skepticism, subjectivism, or relativism; a general suspicion of reason; and an acute sensitivity to the role of ideology in asserting and maintaining political and economic power”.Post-Modernists are independent while expressing their ideas, they never drop their statements and theory. It is more personal than identify with some other categories. The post-modernism was started in America around 16th century later it extended to Europe and other countries.Post-modern civilization fails to accept the modification between high and low class. There is a little place for modernism, originality or individual thinking. Bhagat has concentrated on the preconceptions of toppers, however there is more to life than these things your family, your friends, your internal desires and goals and the grades you get in dealing with each of these areas will define you as a person.The post-modernism has defused the difference between good and bad, moral and immoral, right and wrong. If there is a choice to select modern generation would not hesitate to go for one which is traditionally named as bad. Bhagat imbibed all these qualities in his writing. His characters go against the traditional customs and values. Bhagat represents intricate, deeply engrained socio-cultural complications of multicultural India, light-heartedly. He wishes readers to giggle at themselves, at their stupidities, their partialities, and their wrong-actions; not as a member but as a distant observer. He doesn’t bout them directly, but through fiction he attempts to understand their errors and gives a chance to rectify in the real life. Bhagat’s linking story telling method and the funny situations appeal readers.

scholarly journals Konsep Hadith Mawdu‘i Menurut Perspektif Pengkaji Hadith Kontemporari: Antara Dirasah Al-Mawdu‘Iyyah min Al-Hadith dan Syarh Al-Mawdu‘I li Al-Hadith

2020 ◽  
Vol 16 (1) ◽  
pp. 15-34
Author(s):  
Mohd Nor Adzhar Ibrahim ◽  
Roshimah Shamsudin
Keyword(s):  
Qualitative Research ◽  
Content Analysis ◽  
Data Analysis ◽  
Literature Review ◽  
Thematic Analysis ◽  
Technical Aspect ◽  
Analysis Design ◽  
Specific Theme ◽  
The Difference ◽  
Holistic Research

The hadith mawdu’i (thematic hadith) terminology is widely used in contemporary hadith discourse. However, there are confusions in understanding its true concept since several other terms are associated with it namely dirasah al-mawdhu‘iyyah min al-hadith (thematic analysis based on hadith) and sharh al-mawdhu‘i li al-hadith (thematic explanation based on hadith). As such, the purpose of this paper is to study difference opinions amongst the contemporary hadith scholars in comprehending the concept of thematic hadith that gives rise to various definition and concepts. Literature review method based on qualitative research through content analysis design were fully engaged in the data collection as well as data analysis processes. All the definitions and concept of thematic hadith presented by the contemporary hadith scholars in their academic writings were gathered and analyzed to produce a comprehensive depiction.  Based on the existing definitions, the findings of this study illustrate that the present-day thematic hadith researchers’ conceptions are split into two camps. The first is the group that deduces thematic hadith as a study upon collection of hadith or upon one particular hadith with a specific theme while the second group infers thematic hadith as thematic lectures. The findings also demonstrate that the difference in understanding thematic hadith between the two groups are from the guidelines and steps in conducting a research. This is the reason why dirasah al-mawdhu‘iyyah min al-hadith is focused on the technical aspect of the initial hadith research such as takhrij (retrieval of hadith) or identifying mukhtalif (contradictions) and so on. While sharh al-mawdhu‘i li al-hadith concentrates on constructive research in depicting a clear picture of the themes that contained in the hadith. Accordingly, the integration between dirasah al-mawdhu‘iyyah min al-hadith and sharh al-mawdhu‘i li al-hadith would produce a holistic research on thematic hadith.

THOUGHTS ON NON-LOCALITY AND QUANTUM MECHANICS

2006 ◽  
Vol 04 (01) ◽  
pp. 209-218 ◽  
Author(s):  
W. UNRUH
Keyword(s):  
Quantum Mechanics ◽  
20Th Century ◽  
Additional Assumption ◽  
Hidden Variables ◽  
Late 20Th Century ◽  
Hardy Type ◽  
Non Local ◽  
The Difference ◽  
Numerous People ◽  
Non Locality

The debate about the non-locality of quantum mechanics is old, but still lively. Numerous people use non-locality as (bad) shorthand for quantum entanglement. But some have a long-standing commitment to the validity of this characterization. This paper examines two separate streams in this debate. The first is the arguments of Stapp, and especially his recent paper where he simplifies his contractual argument in the Hardy situation to argue for the non-locality of quantum mechanics. He has maintained his contention that an analysis of a Hardy-type correlation between two spatially separated observers proves that quantum mechanics itself is non-local, without any additional assumption of realism or hidden variables. In the second section, I try to carefully examine the Bell argument in the CHSH variant to see where the difference between the quantum and classical situations differ. Asher Peres was one of the great physicists of the late 20th century, especially for his intense concern with the fundamental nature of quantum mechanics. His courage in devoting his life to an area many considered "philosophical" (i.e. non-physical) paved the way for the rest of us to reveal our interests and confusions about this area. I am not sure that he would agree with everything in this paper, but I offer it as a tribute to him.

scholarly journals Potensi Keterdedahan Risiko Syariah Syarikat Pengendali Takaful Terpilih Di Malaysia

2016 ◽  
Vol 3 (2) ◽  
Author(s):  
Mohd Faiz Mohamed Yusof ◽  
Joni Tamkin Borhan ◽  
Nurhanani Romli
Keyword(s):  
Financial Markets ◽  
Capital Market ◽  
Qualitative Methodology ◽  
Qualitative Data ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Financial Industry ◽  
Finance Industry ◽  
Financial Products ◽  
Compliance Requirements

Nowadays, various Islamic financial products have been developed and have grown tremendously in the financial markets, including Islamic equity, Islamic banking and takaful. The Islamic finance industry has its own uniqueness compared to the conventional financial industry due to the Islamic finance industry has a need for Shariah compliance in Islamic finance industry as known as Shariah risk. Globally, Islamic capital market was faced incident of Shariah risk in the end 2007 when Sheikh Taqi Uthmani has declared that 85% of sukuk issuance in the market are non Shariah compliant in the end of 2007 and cause a decrease of sukuk issuance in the following years in 2008. There are also dispute cases in Islamic banking in Malaysia such as issue of contract Bay 'Bithaman Ajil (BBA) is not shariah compliant. The takaful industry in Malaysia is also exposed to Shariah risks due to the shariah compliance requirements in all operations and activities of the takaful operator. Therefore, this study will describe the key elements that results shariah risk in Islamic finance. The research will identified potential of shariah risk using a qualitative methodology based on research data from five informants who were experienced shariah compliance management in takaful operator. This study will analyze qualitative data using a computerized program Altas.ti 7. The study infers that there are potential of Shariah risk and incident of Shariah risk in activities and operation of selected takaful operator in Malaysia.

scholarly journals Sztuka performansu po "The Artist Is Present". Kontynuacja działań Mariny Abramović w twórczości jej uczniów

Panoptikum ◽  
2019 ◽  
pp. 149-162
Author(s):  
Weronika Metlenga
Keyword(s):  
Qualitative Research ◽  
20Th Century ◽  
Contemporary Art ◽  
Performance Art ◽  
Turning Point ◽  
Work Of Art ◽  
Marina Abramovic ◽  
The Subject ◽  
The Difference ◽  
The Way

Performance art, recognized in the second half of the 20th century as niche and alternative, is currently perceived as one of the most popular genres of contemporary art. The difference that has raised due to the development of performance art is evident not only in the way a performance is created, but mainly in changing the perception of the work of art. The opening of the Marina Abramović Institute and the performance The Artist Is Present, became the main turning point showing this change. The aim of this article is to present how the art of Marina Abramović, which she consistently created for more than four decades, evolves in the works of the new generations of performers. Qualitative research based on film, interviews, exhibitions and publications related to the subject is the base for these considerations.

scholarly journals Syariah Compliance Stock: Current Issues and The Way Forward

2016 ◽  
Vol 4 (1) ◽  
pp. 027
Author(s):  
M. Yazid Afandi
Keyword(s):  
Capital Market ◽  
Islamic Finance ◽  
Library Research ◽  
Finance Model ◽  
Stock Screening ◽  
The Difference ◽  
The Way

Shariah compliance stock shows promising growth in Islamic finance industrty in the last three decades. It can be seen from the number of company listed in the Islamic capital market, issued by shariah committe. To be categorized as shariah compliance stock, stock screening will be conducted in ensuring that all company activities comply to shariah standard. The objective of this paper is to describe the shariah standar of stock screening in accordance with fiqh concept. In addition, this paper also illusterate some practice of stock screening in many countries. By conducting library research, this study found that shariah standard applied in stock screening is fully based on shariah and doesnt contravene with fiqh concept. Moreover, the practice of stock screening, still shows some differences which is affected by the difference of Islamic finance model.

scholarly journals Who are Anxious and Supposed to be “Jakarta One” ?: a Systemic Functional Linguistics Approach

2018 ◽  
Vol 12 (3) ◽  
pp. 301
Author(s):  
Endras Setyadi Wicaksono ◽  
Djatmika Djatmika ◽  
Sumarlam Sumarlam
Keyword(s):  
Qualitative Research ◽  
Content Analysis ◽  
Systemic Functional Linguistics ◽  
General Election ◽  
Functional Linguistics ◽  
The Third ◽  
The Difference ◽  
Observation Method ◽  
Descriptive Qualitative

The purpose of this research was to know the structure of debate and the difference of usage of modulation by the candidates in the third session debate of Pilkada DKI Jakarta in 2017. The debate in a general election was a new medium in the campaign. This research revealed the form and meaning of dominated modulation used by the candidates by applying Systemic Functional Linguistics (SFL). This was a descriptive qualitative research using observation method in collecting the data. The source of data was a video of the third session debate of Pilkada DKI Jakarta in 2017. The data contained aspect of grammar and lexicon of the speech. Then, it was analyzed by using identity-method by Sudaryanto and content analysis suggested by Spradely. The result shows that there are two forms of modulation marker. It is modulation of inclination that is dominantly used by the first candidate and third candidate. Then, the second candidate dominantly uses modulation of obligation. The domination is a strategy of each candidate to defend and prioritize their programs for the next five years.

Sosyal medyada Suriye’li sığınmacılara yönelik algı: bir sözlük değerlendirmesi

2017 ◽  
Vol 4 (2) ◽  
pp. 185-200 ◽  
Author(s):  
Servet Kardeş ◽  
Çağla Banko ◽  
Berrin Akman
Keyword(s):  
Qualitative Research ◽  
Social Media ◽  
Content Analysis ◽  
Syrian Refugees ◽  
Analysis Method ◽  
Social Media Platform ◽  
Content Analysis Method ◽  
Negative News ◽  
Media Platform ◽  
Made In

Bu araştırmada sığınmacılara yönelik paylaşımların yapıldığı sosyal medyada yer alan sözlüklerden birinde sığınmacılara yönelik algıya bakılmıştır. Yöntem olarak nitel desende olan bu çalışmada, bir sosyal medya sitesinde yer alan paylaşımlar içerik analizi yoluyla derinlemesine incelenip yorumlanmıştır. Araştırmanın sonucunda sosyal medya kullanıcılarının sığınmacıları büyük bir güvensizlik ortamı ve huzursuzluk yaratan bireyler olarak gördükleri saptanmış, sığınmacılarla yaşanan deneyimlerin ve medyadaki haberlerin bu düşüncelerin oluşmasında etkisinin olduğu belirlenmiştir. Bunun yanında sosyal medya kullanıcılarının devletin sığınmacılar konusunda yanlış politika izlediğini düşündükleri ve sığınmacılar için etkili bir planlama yapılmadığını ifade ettikleri görülmüştür. Çalışmanın sonuçları doğrultusunda medyada sığınmacılar hakkında çıkan haberlerde olumsuz ve şiddet temalı haberlerin azaltılması, Suriyeli sığınmacıların durumu, sahip oldukları haklar ve topluma yansımaları hakkında doğru ve bilgilendirici kamu spotları hazırlanması ayrıca sığınmacıların topluma entegre olma sürecinin her basamağında daha planlı ve etkili bir yol izlenmesi önerilebilir.ABSTRACT IN ENGLISHPerceptions about Syrian refugees on social media: an evaluation of a social media platformIn this research, posts which are about Syrian refugees were published in a social media platform, called as “sözlük” were investigated. The research is a qualitative research. The posts in this platform are analyzed with content analysis method. According to results of analyses, social media users see Syrian refugees as people who create an insecure and a restless environment. The experiences people had with them and news have an effect on this view. In addition, social media users think that government made inappropriate policies and ineffective plans about Syrian refugees. It is suggested negative news about Syrian refugees should be decreased and government should make safer policies. In addition, adaptation of refugees to society should be made in more planned and effective way.

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