scholarly journals Innovations in Sukuk in the Global Finance Market: Reviewing Key Considerations

2019 ◽  
Vol 6 (4) ◽  
pp. 285-295
Author(s):  
Nor Razinah Mohd Zain ◽  
Adewale Abideen ◽  
Engku Rabiah Adawiah Engku Ali

Sukuk is one of the fast-growing financial areas in Islamic finance. This paper reviews innovative sukuk instruments in the global financial market in addition to looking at key considerations in facilitating innovative sukuk structures. Using secondary data collected from official reports and peer-reviewed journal articles the authors analysed five types of innovative sukuk structures offered in the market over the past decade. This paper also looks into the enabling role of Securities Commission Malaysia in promoting Malaysia as the top issuer of sukuk. The data analysed shows that sukuk issuers in Malaysia would benefit from high levels of government support through policy and incentives.

2020 ◽  
Vol 6 (3) ◽  
pp. 421
Author(s):  
SIti Latifah

Indonesia has enormous potential in developing Islamic finance because Indonesia has the largest number of Muslims in the world and high economic growth. The issuance of State Sharia Securities (sukuk) has become the main financing instrument. The presence of sukuk further strengthens the government's ability to finance the budget deficit. The government has many choices in determining the combination of its financing instruments. The government can keep debt costs to a minimum. This study aims to determine 1) the development of sukuk in Indonesia and 2) the role of sukuk in Indonesia's economic growth. This research uses qualitative methods and library research approach. Researchers use secondary data, namely data sourced from existing literature or references. The results of this study are 1) The Indonesian government has issued Retail Sukuk (SR), namely SR 001 - SR 013. The issuance of State Sukuk from year to year continues to increase, in accordance with developments and strategies applied in the APBN. 2) The role of State Sukuk has a very positive impact, such as financing project development, encouraging development of the Islamic financial market, creating branch marks in the Islamic financial market, developing alternative investment instruments, and utilizing public funds.


2020 ◽  
Vol 14 ◽  
pp. 15-21
Author(s):  
Madhusudan Subedi

  Most epidemiological studies focus on the direct causes of diseases while wider, social causal factors are ignored. This paper briefly highlights the history of major epidemics and the role of Anthropocene and Capitalocene for the emergence and reemergence of pandemics like COVID-19. Books, journal articles, and statistics offer information that can explain the phenomena. A historical inquiry can inform us about the fundamental causes of pandemics. Human security and ecology are intertwined, and the global effect of pandemics responded to at the national level is inadequate. The lessons from the past and present help us devise effective ethically and socially appropriate strategies to mitigate the threats. If the present crisis is not taken seriously at the global level, the world has to face more difficult challenges in years to come.


2019 ◽  
Vol 16 (1) ◽  
pp. 16-28
Author(s):  
Septiana Ayu Estri Mahani

ABSTRAK  Penelitian ini bertujuan untuk mengevaluasi kinerja Inkubator Bisnis dan Teknologi dalam pendampingan usaha rintisan binaan. Kinerja Inkubator Bisnis Teknologi Orangenest dalam aspek manajemen masih kurang optimal. Jika dilihat dari proyek yang harus dikerjakan, tenaga pengelola dan pendamping masih kurang kompeten. Dukungan dari Pemerintah berupa sosialisasi Peraturan Presiden RI Nomor 27 Tahun 2013 mengenai peranan inkubator bisnis dalam pendampingan usaha tenant juga masih belum optimal. Penelitian dilakukan di Inkubator Bisnis Orangenest Incubiz di Kota Bandung dan dengan mewawancarai pengelola dan tenant inkubator. Jenis penelitian ini adalah deskriptif kuantitatif. Data yang digunakan dalam penelitian ini adalah data primer dan sekunder. Data yang diperoleh dianalisis dengan metode balanced scorecard (BSC). Hasil penelitian ini menunjukkan, skor pencapaian kinerja Inkubator Bisnis Teknologi Orangenest Incubiz sebesar 41,328. Kata Kunci: Balanced Scorecard (BSC), Inkubator Bisnis dan Teknologi, Kinerja Inkubator ABSTRACT This study aims to evaluate the performance of Business and Technology Incubators in mentoring pilot businesses. The performance of the Orangenest Technology Business Incubator in management aspects is still not optimal. If seen from the project that needs to be done, the management and escort staff are still less competent. Government support in the form of socialization of the Republic of Indonesia Presidential Regulation Number 27 of 2013 concerning the role of business incubators in assisting tenant businesses is still not optimal. The research was conducted at the Orangenest Incubiz Business Incubator in Bandung City and by interviewing incubator managers and tenants. This type of research is quantitative descriptive. The data used in this study are primary and secondary data. The data obtained were analyzed by the balanced scorecard (BSC) method. The results of this study indicate, the performance achievement score of Orangenest Incubiz Technology Business Incubator was 41,328. Keywords: Balanced Scorecard (BSC), Business and Technology Incubator, Incubator Performance


Author(s):  
Jacek Karwowski

The paper focuses on central counterparties (CCPs) becoming the buyer to everyseller and the seller to every buyer and thereby ensuring the performance of opencontracts. The role of CCPs increased considerably after outbreak of the crisisin 2008.In 2012 BIS and IOSCO published the Principles for financial market (post-trade)infrastructures. The aim of the paper is to find out whether, and if yes – to whatextent, the mentioned principles have to be modified when applied to CCP servingIslamic financial institutions. It seems that all principles are appropriate forIslamic finance, however some of them should be modified in order to be Shariacompliant.Moreover, in some cases the modification might also be difficult dueto lack of standardized instruments.


2019 ◽  
Vol 15 (2) ◽  
pp. 313
Author(s):  
Syntia ., Pandey ◽  
Melsje Yellie Memah ◽  
Jean Fanny Junita Timban

This study aims to determine how the role of Ora et Labora Farmers Group in increasing the productivity of wetland rice farming in Taratara Satu Village, Tomohon Barat District, Tomohon City. The Ora et Labora Farmer Group was choose purposevly and all the board members and members of the Farmer Group as respondents. This study used primary data and secondary data. Primary data was carried out by direct interviews with 10 farmers who were members and board members of the Ora et Labora Farmer Group. Secondary data was obtained from the Taratara Satu Village Office in Tomohon Barat Subdistrict, local bookstores, the internet through google scholar to get electronic books, journal articles and theses that related to the research topic on the role of Farmer Groups in increasing productivity of lowland rice farming. The data analysis method used in this study is descriptive analysis and then interpreted to draw conclusions. The results showed that there was an increase in farm productivity compared to before joining the Ora et Labora farmer group. Ora et Labora farmer group has played a role in increasing the productivity of rice farming in farmer groups in Taratara Satu Village, Tomohon Barat Subdistrict, Tomohon City, therefore was classified to the good category.-*eprm*


Author(s):  
Felicia Nica ◽  
Madalina Moraru

Abstract Romania is the EU Member State with the highest numbers of emigrants, according to Eurostat. The annual growth of the Romanian diaspora is one of the fastest in the world, and quite recent (over the past 20 years). In light of these developments, the institutional network for engagement with Romanians abroad, first established in the mid-1990s, has recently increased in an attempt to respond to the fast-growing Romanian diaspora. A Ministry entirely dedicated to maintaining the relations with the Romanian diaspora was formally institutionalized 10 years after Romania officially joined the EU in 2017, replacing scattered departments and institutional bodies. However, the role of the recently set up diaspora institutions still needs to be clarified and firmly determined. Policies were developed with the goal of ensuring the integration of Romanian citizens in their countries of residence, but also to encourage return to Romania. In particular, as few other European diaspora populations, the Romanian diaspora is represented in the Romanian Parliament by two Senators and four Deputies who represent the interests of three to five million Romanians abroad.


2020 ◽  
Vol 35 (1-2) ◽  
pp. 155-189
Author(s):  
M. Kabir Hassan ◽  
Mohammad Sydul Karim ◽  
Aishath Muneezac

Abstract The contention surrounding Bitcoin’s acceptability and usage has an unsettled premise in both conventional and Sharīʿah law, although digital and cryptocurrencies reflect a lasting reality. This research analyses this contention by examining the concept of currency and/or money and the underpinning trust reposed on its issuing authority against the notion that cryptocurrencies and fiat money differ only in form but share the same substance and purport. Qualitative methodology provides an analysis from conventional as well as Sharīʿah viewpoints to examine the extent cryptocurrencies can gain admittance in contemporary conventional and Islamic finance and economy. The methodology entails non-empirical secondary data sourced from libraries and online databases comprising journal articles, textbooks, newspapers and reports subjected to doctrinal content analysis. Research outcomes show division among stakeholders, including conventional and Sharīʿah scholars, regarding Bitcoin and cryptocurrencies. Further research is recommended inter alia on ways to adopt Shariah-compliant cryptocurrencies worldwide.


2020 ◽  
Vol 1 (1) ◽  
pp. 49-60
Author(s):  
Koniherawati ◽  
Priyo Pratikno

Title: The Roles of Wemen in Domestic Activities Women, especially mother, has a major role in build and maintain a home, as shown by various ethnic groups in the world. The various roles of woman indicated in protection, give a sense of comfort, and safety for the baby and all family member. Mother is person who gives a shade of home through food processing activities and how to primp her self. The efforts collecting building materials, to decorate, and chose home furnishings are dominant activities that mother does. This study is explore the problems of designing of home by women in the past were intended to justify the design of art and architecture. This study based on literature that shows the role of the mother in build, manage, and interpreting a house. The method of this study base on secondary data and then weave every aspects to build the hypotheses. These information show that women as housewives have a significant role in shaping the house as culturally or physically. The results showed that women as mother very dominant in giving the feel and shape of house.


2020 ◽  
Vol 3 (12) ◽  
pp. 53-63
Author(s):  
Cecep Soleh Kurniawan ◽  
Mas Nooraini Mohiddin

The vital role of waqf institution and its contribution in many sectors becomes the core of the strongest economy in the Muslim community in the past at present. Waqf is the main sponsorship for the Muslim community when its function is to eliminate ignorance through education. Education is the most important thing in this era which can change an individual style of life. The success of education can become a medium in developing the country through the success of producing a quality, potential, creative and innovative product. This research tends to explore the history of waqf and education in order to identify the way of improving the waqf role in this era. A descriptive research methodology will be used. Analyzing information from secondary data such as journals, paper works, and relevant articles will be done. Waqf Management and administration should be done in order to prepare for the Industry Revolution 4.0 which robotic has replaced human resources. The effectiveness of waqf in education will enable to produce quality human resources and provide a better education for the community.


2019 ◽  
Vol 4 (2) ◽  
pp. 561
Author(s):  
Yulitiawati Wati

This study aims to determine how the role of working capital in increasing profitability in the Muaradua Gunung Putih Market Traders Cooperative in South OKU Regency. The data used are secondary data, financial statements for 2013-2017. This research uses quantitative data analysis using descriptive approach. The analysis used is the analysis of the profitability ratio of Return on Equity and Return On Investment. Based on the discussion of ratio analysis, the level of profitability of the Muaradua Gunung Putih Market Traders Cooperative in the South Oku Regency over the past five years has fluctuated. Overall the level of working capital in increasing profitability at Muaradua Gunung Putih Market traders cooperatives does not significantly influence the level of profitability, this is evident from the level of working capital that increases every year but the level of profitability (ROE and ROI) obtained by the Gunung Putih Muaradua Market Cooperative from in 2013 - 2017 has increased and decreased. From 2013 - 2015 it is said to be quite good because profitability has increased, but in 2016-2017 it has declined. This is due to ineffective working capital management so the profit / profitability obtained is less than optimal.


Sign in / Sign up

Export Citation Format

Share Document