scholarly journals Contribution of National Sharia Council Fatwa of Indonesian Council of Ulama (DSN-MUI) in The Islamic Economic Development in Indonesia

2018 ◽  
Vol 11 (1) ◽  
pp. 47
Author(s):  
Abdurrohman Kasdi
Keyword(s):  
Economic Growth ◽  
Financial Institutions ◽  
Research Method ◽  
Islamic Law ◽  
Analysis Method ◽  
Content Analysis Method ◽  
Valid Data ◽  
Strategic Role ◽  
Islamic Financial Institutions ◽  
Islamic Economic

<p>This research aims to identify the contribution of <em>fatwa</em> (Islamic instructions of rules) from DSN-MUI in developing the theories and practices of the Islamic economics in Indonesia. The research method used is qualitative, which consists of 116 <em>fatwa</em> DSN-MUI as the main subjects of study. The collected data had been analyzed using content analysis method by creating inimitable and valid data inferences related to its context. The results show that DSN-MUI is the only institution mandated by the law to establish <em>fatwa</em> on Islamic economics and finance, and to provide the provisions of Islamic law toward the Islamic financial institutions in carrying out their activities. Since its establishment in 1998, the roles of DSN-MUI are enormous in laying the foundations of the development of Islamic economics in Indonesia. Until the end of 2017, DSN-MUI has issued 116 <em>fatwa</em> on Islamic economics and finances. Even, DSN-MUI has a very important and strategic role in developing and applying sharia values in the economic field. MUI's important and strategic roles are shown from its position as a pioneer in socialization, internalization, and triggering the Islamic economic growth in Indonesia.</p><p> </p>

scholarly journals Analisis Penggunaan Kaidah Al-Hajah Qad Tunazzalu Manzilah al-Darurah Dalam Fatwa Dewan Syariah Majelis Ulama Indonesia

2019 ◽  
Vol 18 (2) ◽  
pp. 1-26
Author(s):  
IMAM MUSTOFA
Keyword(s):  
Content Analysis ◽  
Financial Institutions ◽  
High Intensity ◽  
Islamic Law ◽  
Islamic Finance ◽  
Analysis Method ◽  
Economic Law ◽  
Content Analysis Method ◽  
Islamic Financial Institutions

The Fiqh Legal Maxim (al-qawā’id al-fiqhiyyah) or principles have an important role in facilitating the understanding of Islamic law. The Indonesian Ulama Council (MUI) as an authoritative institution that establishes fatwas based on the fiqh legal maxim. This paper reviewed and analyzed the intensity and accuracy of the use of legal maxim in the fatwa of the Sharia Council - Indonesian Ulama Council (DSN-MUI). The focus of the study in this paper was the principle of al-aḥājah qad tunazzalu manzilah al-darūrah, which is contained in the book collection of DSN-MUI fatwas on Islamic finance from 2000 to 2012. The study in this paper was based on literature data analyzed using content analysis method inductively. The analysis includes fatwa mapping, the intensity of the use fiqh legal maxim, and the accuracy of the use of principle. This study concluded that the fatwa of the Indonesian Sharia Council-Ulama Council regarding sharia finance from 2000 to 2012 frequently used the fiqh legal maxim of al-ḥājah qad tunazzalu manzilah al-ḍarūrah āmmah kanat aw khāṣṣah as a foundation. The high intensity of the use of this principle in the fatwa related to Islamic finance showed that this principle was considered vital in responding to community problems related to Islamic finance. The use of this principle by the DSN-MUI as the basis for establishing law in the fatwa related to the products and services of Islamic Financial Institutions (LKS) needed by the society is appropriate and can answer the problems of economic law in Indonesia.

scholarly journals Al-Mashaqqah Tajlib Al-Tays¬ir Makna Dan Implikasinya Dalam Pengembangan Ekonomi Islam

2018 ◽  
Vol 3 (2) ◽  
Author(s):  
M. Dliyaul Muflihin
Keyword(s):  
Economic Development ◽  
Financial Institutions ◽  
Islamic Law ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Equal Distribution ◽  
The Public ◽  
Islamic Financial Institutions ◽  
Islamic Economic

The problem of Islamic economics is also increasingly complex with the large number of banks. To meet the needs of transactions, banks have products that are offered to the public. In accordance with the function of the bank, namely collecting and distributing funds to the public. The purpose of channeling funds by Islamic banks is to support the implementation of development, improve justice, togetherness and equal distribution of people's welfare. This paper will answer what is the meaning of al-mashaqqah tajlib al-taysir and how do the Implications of al-mashaqqah tajlib al-taysir in the development of Islamic economy? The result of research shows that the meaning of the rule of al-mashaqqah tajlib al-taysir is the difficulty of bringing convenience. The point is that if implementing a provision of shara' mukallaf faces obstacles in the form of difficulties and limitations that exceed the limits of reasonable capabilities, then the difficulty automatically creates relief provisions. In other words, if we find difficulty in carrying out something that is to be sharia, then the difficulty becomes a justifiable cause to facilitate in carrying out something that is to be provision of sharia, so that we can continue to run the sharia of Allah easily. The implications raised by the rules of al-mashaqqah tajlib al-taysir are the determination of the law of Islamic financial institutions. This impact is seen when Islamic law allows transactions in Islamic banking financial institutions, so that the community will easily meet the needs by transacting with Islamic banking through contracts that have been agreed upon. Keywords: al-Mashaqqah Tajlib al-Taysir, Islamic Economic Development

scholarly journals PENGENTASAN KEMISKINAN DAN PENGEMBANGAN MASYARAKAT MELALUI MODEL KEUANGAN ISLAM BMT AL-ISHLAH CIREBON

2018 ◽  
Vol 9 (2) ◽  
pp. 101
Author(s):  
Muhammad Awaluddin Ardiansyah
Keyword(s):  
Financial Institutions ◽  
Poverty Reduction ◽  
Islamic Law ◽  
Financial Institution ◽  
Financial System ◽  
Islamic Finance ◽  
Islamic Financial Institutions ◽  
Islamic Economic ◽  
A Charge ◽  
The Right

Although in fact the conventional financial system has manifestly failed in the fair distribution of wealth, but Islamic financial system in Indonesia is not a strong alternative financial system. Market share of Islamic financial institutions are still low below 5% with growth of 34% in 2015. The data indicates the existence of problems in the implementation of the principles of Islamic finance though in terms of potential prospects. Islamic economic principles which have a charge values of justice, divinity, freedom and responsibility, the right should be a system of democratic economy in the economic empowerment of the poor. Some of the reasons based on the analysis of the field to be the cause of them; The first people are still accustomed to a conventional system that has been around longer, the second Islamic financial institutions are not ready completely adopt the Islamic financial system in particular lost Pofit product sharing (PLS), the third implementation of Islamic financial institutions require relatively high operating costs. On the above problems, the authors analyzed qualitatively descriptive of a theme study "Al-Islah BMT Cirebon as Islamic Financing Model for Poverty Reduction and Development". An analysis of the terms of the Muamalat Islamic law and court analyzes considering the author as a community development agency practitioners who use Islamic financial institutions Baitul Maat wa Tamwil (BMT) in technical operations. This simple paper notes that Islamic financial institutions in Indonesia has not fully practice the principles of Islamic finance because of certain interests. That has existed in Indonesia an Islamic financial institution which according to the principles of Islam in practice the empowerment of people out of poverty.

scholarly journals Analisis Penerapan Islamic Good Corporate Governance (IGCG) pada Bank Pembiayaan Rakyat Syariah Hikmah Wakilah Banda Aceh

2019 ◽  
Vol 1 (2) ◽  
pp. 192-212
Author(s):  
Zainal Abidin
Keyword(s):  
Corporate Governance ◽  
Financial Institutions ◽  
Islamic Law ◽  
Financial Institution ◽  
Profit Maximization ◽  
Transaction Management ◽  
Good Corporate Governance ◽  
Strategic Role ◽  
Islamic Financial Institutions ◽  
Banda Aceh

The Syari'ah Financial Institution has a very strategic role in the efforts of developing a people's economy because the Shari'ah bank is oriented to benefits not only on profit maximization. The formulation of the problem in this paper is: How is the concept and application of Islamic Good Corporate Governance (IGCG) in Islamic Financial Institutions; and How the implementation of Good Corporate Governance in BPRS Hikmah Wakilah Banda Aceh. The purpose of writing is: To find out the concepts and application of Islamic Good Corporate Governance (IGCG) in Islamic financial institutions and also analyze the implementation of the concept of Islamic Good Corporate Governance (IGCG) in BPRS Hikmah Wakilah Banda Aceh. This study uses qualitative research methods, the approach taken is descriptive, namely to know and describe the reality of the events studied or research conducted on independent or single variables. Islamic Good Corporate Governance (IGCG) in Islamic Financial Institutions is very different as applied in conventional financial institutions. Islamic financial institutions always pay attention to aspects of legal sources, namely the Qur'an and the hadith, the principle of adherence to Islamic law is used as a basis in bermuamalah which does not contain elements of maisir, usury and gharar in every transaction. Management of PT. BPRS Hikmah Wakilah is in line with its vision and mission of providing services to the community, namely the shuttle system. So that customers who are small and medium entrepreneurs do not have to leave their place of business to deposit payments to the BPRS. Application of Islamic Good Corperate Governance at PT. BPRS Hikmah of Wakilah, namely with a system of transparency, trustworthiness and a guarantee mechanism for sharia compliance, so that BPRS Hikmah of time gets the trust of the community and stakeholders.

scholarly journals Model Pembiayaan Syariah Dalam Mengatasi Praktik Sistem Tebasan Di Sentra Padi Nasional

AL-TIJARY ◽  
2019 ◽  
Vol 4 (2) ◽  
pp. 81-94
Author(s):  
Nono Hartono
Keyword(s):  
Human Resources ◽  
Financial Institutions ◽  
Research Method ◽  
Islamic Law ◽  
Qualitative Approach ◽  
Islamic Finance ◽  
Islamic Financial Institutions ◽  
Long Time ◽  
Main Factors

The objectives of this study to identify the implementation of tebasan practices, analyze the contribution of the role of Islamic financial institutions and develop a sharia financing model to solve the practice of tebasan. The research method used with a qualitative approach, through interviews with farmers and Islamic financial institutions. The results showed that the practice of the tebasan in Indramayu had been carried out for a long time by the community, this was due to the lack of understanding of Islamic law which made the farmers continue to carry out the practice. In addition, the contribution of Islamic financial institutions to solved the practice has not yet existed. The absence of limited capital human resources and businesses that have large risks are the main factors of Islamic financial institutions have not contributed. Islamic finance which can be a solution to solve the practice of tebasan source non-commercial financing (Al-Qardhul Hasan) and commercial financing (Salam, Musyarakah or Mudharabah).

scholarly journals Pandangan Hukum Islam terhadap Status Muflis (Debitur Pailit) sebagai Gharimin (Mustahik Zakat)

2022 ◽  
Vol 4 (3) ◽  
pp. 528-544
Author(s):  
Desi Ratnasari ◽  
Muhammad Iqbal Fasa ◽  
A. Kumedi Ja’far
Keyword(s):  
Financial Institutions ◽  
Public Interest ◽  
Islamic Law ◽  
Financial Institution ◽  
Islamic Banks ◽  
The Status ◽  
Islamic Financial Institutions ◽  
Islamic Economic ◽  
Islamic Insurance ◽  
To Receive

The development of sharia economy in Indonesia is increasing. Islamic economic development can be seen from the development of Islamic financial institutions and the Islamic financial instruments they offer, ranging from Islamic banks, Islamic capital markets, and Islamic insurance. With these developments, nowadays financing activities with sharia contracts are increasing and growing rapidly. However, only a few can pay it off. In other words, non-performing financing or bad loans at Islamic financial institutions often occur. Non-performing financing caused by the inability of the customer as a debtor to pay debts to a financial institution as a creditor resulted in the customer being bankrupted by the financial institution as a creditor. Bankruptcy is defined as the inability of the debtor or debtor (can be a person, legal entity, company) which is proven based on a court decision that the debtor has stopped paying his debts (unable to pay off debts) which results in general confiscation of his assets, so that the debtor is no longer entitled to manage his assets. . If it is associated with zakat, one of the ashnaf of zakat is gharimin or people who are in debt. Zakat institutions in Indonesia have not made bankrupt customers as gharimin who are entitled to receive zakat. The formulation of the problem in this paper is to find out the views of Islamic law on the status of bankrupt debtors as gharimin. The conclusion is that the status of a bankrupt debtor can be determined as a gharimin who is entitled to receive zakat. The use of debt in question can be for personal or public interest. The distribution pattern can use the qardh hasan pattern where the zakat given to the gharimin is not to be owned but to be returned again. The zakat funds are not only used to pay off debts, they can also be used as initial capital for bankrupt debtors to restart their business. Keywords: bankrupt debtor, gharimin, zakat mustahik.

scholarly journals PERSEPSI MASYARAKAT ISLAM TERHADAP SOLUSI PERMODALAN PADA LEMBAGA KEUANGAN DI KECAMATAN CEMPA KABUPATEN PINRANG

2020 ◽  
Vol 2 (1) ◽  
pp. 44-64
Author(s):  
Haeril Anwar ◽  
Rusnaena ◽  
Zainal Said
Keyword(s):  
Venture Capital ◽  
Financial Institutions ◽  
Islamic Law ◽  
Sensory Information ◽  
Qualitative Approach ◽  
Community Perception ◽  
Islamic Financial Institutions ◽  
Field Notes ◽  
Islamic Economic ◽  
People’S Perceptions

The lack of understanding of the Islamic community in financial institutions often causes problems in obtaining interest-free business capital solutions. Therefore it is necessary to understand people's perceptions of the capital of financial institutions. These problems can be identified by tracing the process of acquiring, interpreting, selecting, and organizing sensory information. The results of tracking people's perceptions of the capital of financial institutions will be analyzed using Islamic economic analysis.This research uses a qualitative approach and in collecting data using methods of observation, interviews, and documentation. Analysis of the data obtained from interviews, field notes, and other materials, was compiled systematically so that it was easily understood and elaborated in the form of quotations to find out how people's perceptions of capital in financial institutions as well as knowing capital concepts in the Cempa community with Islamic economic analysis.The results showed that: 1) Community perception The earthquake on capital issued by financial institutions is very helpful in improving the community's economy, especially in venture capital. 2) The concept of capital in the average earthquake community still uses conventional financial institutions that use the interest system that is prohibited by Islamic law. The Cempa community still uses the services of conventional financial institutions as a place for capital, because there are no Islamic financial institutions in the area. 3) Financial institutions in the Cempa community are quite evident from the results of interviews, the community uses the services of financial institutions as a place for business capital.

scholarly journals Tantangan Lembaga Keuangan Syariah dalam Menghadapi Masyarakat Ekonomi ASEAN

2017 ◽  
Vol 8 (1) ◽  
pp. 78
Author(s):  
Budi Kolistiawan
Keyword(s):  
Economic System ◽  
Financial Institutions ◽  
Islamic Law ◽  
Human Life ◽  
Library Research ◽  
Analysis Technique ◽  
Islamic Financial Institutions ◽  
Asean Economic Community ◽  
Islamic Economic ◽  
Standard Concept

Islamic law is basically a standard concept. As the time goes by, there is an ijtihad in some aspects of life, but they do not deviate from the teaching of Islam. So Islam in solving the problem is in accordance with Islamic teaching. It is an economic system that is part of human life. Islamic economic system is expected to solve the problems of human life without deviating from Islamic law of Allah SWT. Along with the development of the era, nowadays there are many emerging Islamic-based financial institutions or commonly called as Islamic financial institutions amid community. The purpose of this study is to determine how far the reediness of Islamic financial institutions in facing the ASEAN Economic Community. The method of discussion used in this study is analysis technique based on data and references of library research. Hukum Islam pada dasarnya merupakan konsep yang baku. Tetapi seiring berjalannya waktu, terdapat ijtihad dalam beberapa bidang kehidupan, namun tetap berada pada batasan yang tidak menyimpang dari ajaran Islam. Sehingga Islam dalam menyelesaikan masalah akan sesuai dengan perkembangan zaman. Demikian juga dengan sistem ekonomi yang merupakan bagian dari bidang kehidupan manusia. Sistem ekonomi Islam diharapkan bisa menyelesaikan permasalahan yang ada pada kehidupan manusia tanpa melanggar ketentuan hukum syariat Allah SWT. Seiring dengan perkembangan zaman, saat ini telah banyak bermunculan lembaga keuangan yang berbasis Islam atau sering disebut lembaga keuangan syariah ditengah masyarakat. Tujuan dari pembahasan ini untuk mengetahui sejauh mana kesiapan lembaga keuangan syariah menghadapi Masyarakat Ekonomi Asean. Metode pembahasan dalam artikel ini menggunakan teknik analisis berdasarkan data dan referensi kepustakaan yang ada. 

scholarly journals Peran Dewan Pengawas Syariah Dalam Perbankan Syariah

2021 ◽  
Vol 2 (1) ◽  
pp. 42-53
Author(s):  
Rahmat Ilyas
Keyword(s):  
Financial Institutions ◽  
Banking Sector ◽  
Supervisory Board ◽  
Islamic Banking ◽  
Islamic Bank ◽  
Library Research ◽  
Content Analysis Method ◽  
Strategic Role ◽  
Islamic Financial Institutions ◽  
Conventional Banks

One of the characteristics that distinguish Islamic Commercial Banks from conventional banks is the existence of a sharia supervisory board (SSB) in an independent Islamic bank and is located parallel to the board of commissioners. SSB has an important and strategic role in implementing sharia in Islamic Banks. SSB is responsible for ensuring all Islamic Bank products and procedures comply with sharia principles. This research is entirely library research. The purpose of this research is to find out how the role of SSB in Islamic banking is related. The analytical method used is the content analysis method. The results of this study indicate that the SSB is an independent body consisting of muamalah sharia experts who also have knowledge in the banking sector at Islamic financial institutions and are in charge of overseeing the implementation of the decisions of the national sharia board at these Islamic financial institutions. SSB has an important and strategic role in implementing sharia principles in Islamic banking. SSB is responsible for ensuring all Islamic bank products and procedures are in accordance with sharia principles.

scholarly journals Tantangan Lembaga Keuangan Syariah dalam Menghadapi Masyarakat Ekonomi ASEAN

2017 ◽  
Vol 8 (1) ◽  
pp. 54
Author(s):  
Budi Kolistiawan
Keyword(s):  
Economic System ◽  
Financial Institutions ◽  
Islamic Law ◽  
Human Life ◽  
Library Research ◽  
Analysis Technique ◽  
Islamic Financial Institutions ◽  
Asean Economic Community ◽  
Islamic Economic ◽  
Standard Concept

Islamic law is basically a standard concept. As the time goes by, there is an ijtihad in some aspects of life, but they do not deviate from the teaching of Islam. So Islam in solving the problem is in accordance with Islamic teaching. It is an economic system that is part of human life. Islamic economic system is expected to solve the problems of human life without deviating from Islamic law of Allah SWT. Along with the development of the era, nowadays there are many emerging Islamic-based financial institutions or commonly called as Islamic financial institutions amid community. The purpose of this study is to determine how far the reediness of Islamic financial institutions in facing the ASEAN Economic Community. The method of discussion used in this study is analysis technique based on data and references of library research. Hukum Islam pada dasarnya merupakan konsep yang baku. Tetapi seiring berjalannya waktu, terdapat ijtihad dalam beberapa bidang kehidupan, namun tetap berada pada batasan yang tidak menyimpang dari ajaran Islam. Sehingga Islam dalam menyelesaikan masalah akan sesuai dengan perkembangan zaman. Demikian juga dengan sistem ekonomi yang merupakan bagian dari bidang kehidupan manusia. Sistem ekonomi Islam diharapkan bisa menyelesaikan permasalahan yang ada pada kehidupan manusia tanpa melanggar ketentuan hukum syariat Allah SWT. Seiring dengan perkembangan zaman, saat ini telah banyak bermunculan lembaga keuangan yang berbasis Islam atau sering disebut lembaga keuangan syariah ditengah masyarakat. Tujuan dari pembahasan ini untuk mengetahui sejauh mana kesiapan lembaga keuangan syariah menghadapi Masyarakat Ekonomi Asean. Metode pembahasan dalam artikel ini menggunakan teknik analisis berdasarkan data dan referensi kepustakaan yang ada. 

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