scholarly journals PERMASALAHAN PEMBIAYAAN PADA LEMBAGA KEUANGAN SYARIAH

2018 ◽  
Vol 1 (1) ◽  
Author(s):  
Karebet Gunawan

Financing of a Sharia Financial Institution is a financing based on sharia principles with agreement or agreement between the banking party and the beneficiary in return for profit or profit sharing. In the provision of financing, sharia financial institutions pay attention to the aspects that exist in the feasibility study in order to reduce the risk in the future. These aspects are production, marketing, personnel, and financial aspects include how the existing financial statements so that all financing is expected to run smoothly and can meet the level of profitability and liability. In providing financing should be seen 5C principles are: character, capacity, capital, colateral and condition of economy. Even in addition to using the 5C there are also using the first 7P Personality, Purpose, Party,Prospect,Payment,Profitability,Protectiona. Keywords:financing,feasibility,and profitablity<br /><br />

2019 ◽  
Vol 5 (2) ◽  
pp. 165-179
Author(s):  
Maula Nasrifah

Islam strongly encourages investment so that possessions can be productive and bring benefits in the future, of course, using a good and right way, which is in accordance with Islamic sharia, like mutual respect and does not harm others. The type of investment can be varied, we can invest through the capital market, one of which is sukuk. Sukuk are securities that are proof of ownership (claim) on assets, whether in the form of tangible, intangible or project contracts from certain activities that require the issuer to pay revenue-sharing to the Sukuk holders and pay back the Sukuk in maturity date. The principle in Sukuk transactions is in the form of emphasis on fair agreements, recommendations for profit sharing systems. In Sukuk transaction, a number of certain assets are needed which to used as the basis for conducting transactions using a contract based on sharia principles. The types of Sukuk in terms of Sukuk Ijarah, Sukuk Mudharabah, Sukuk Musyarakah, Sukuk Istishna’ with the method of issuing in bookbuilding, auction methods and private placement. In sukuk transactions there is a requirement for Underlying Assets as well as activities or processes which have been based in accordance with sharia. This shows that investing with sukuk is not worrying for investors who want to transact with sharia financial institutions. Keywords: Investing, Transaction, Sukuk


2018 ◽  
Vol 9 (6) ◽  
pp. 529-536
Author(s):  
Martin Khoya Odipo ◽  

Recent studies have documented that innovations improve profitability of firms. This article documents that deposit taking micro financial institutions that have adopted financial innovations have increased their profitability. The study covered five years between 2009-2013. Both primary and secondary data were used in the study. Primary data was obtained through administration of drop and pick questionnaires to selected employees of the institutions. Secondary data was obtained from financial statements and management reports of these deposit taking microfinance institutions. Data was analyzed using descriptive statistics, return on asset and multi-liner regression model to determine the effect of each financial innovation applied on profitability on the micro-financial institution. The results showed that most deposit taking microfinance institutions adopted these financial innovations in their current operations. There was strong positive relationship between individual innovations and profitability. In line with profitability ROA also showed improvement each year after the adoption of these financial innovations.


Author(s):  
S M Nazmuz Sakib

The stress testing methodology should be implemented and applied to the entity's overall financial system at least annually, and if the organization operates in a volatile economy, it should be performed at least twice a year. Finally, managers should include regular training and development sessions for relevant employees of their organization to be fully informed and more informed and informed, considering the evolving science, theory and practicality of a discrete range of stress testing mechanisms that can be appropriately applied to overall financial framework and system of multiple financial institutions and banks. In addition, stress testing is essentially a methodology that collects and analyzes certain future macro-prudential and micro-prudential economic drivers and indicators, the primary purpose of which is to assess the future financial and economic well-being, level of growth and status quo of a financial institution, bank, organization, credit institution or economy or the nation as a whole. In addition, several of these reviews were specifically focused and incorporated into the paper, which substantially and broadly discussed and summarized the importance, feasibility and implementation and conclusions of different stress testing approaches for financial institutions and banks, especially in European and Chinese countries. region. with the primary intention of assessing the future financial and economic well-being, level of growth and status quo of a group of financial institutions, banks, organizations, credit institutions or the economy or the nation as a whole. In addition, several of these reviews were specifically targeted and incorporated into a paper that substantially and broadly discussed and summarized the importance of the feasibility and implementation and conclusions of different stress testing approaches for financial institutions and banks, especially in European and Chinese countries. region. with the primary intention of assessing the future financial and economic well-being, level of growth and status quo of a group of financial institutions, banks, organizations, credit institutions or the economy or the nation as a whole. In addition, several of these reviews were specifically focused and incorporated into the paper, which substantially and broadly discussed and summarized the importance, feasibility and implementation and conclusions of different stress testing approaches for financial institutions and banks, especially in European and Chinese countries. region. the level of growth and status quo of the financial institutions, banks, organizations, credit institutions or the economy or the nation as a whole. In addition, several of these reviews were specifically focused and incorporated into the paper, which substantially and broadly discussed and summarized the importance, feasibility and implementation and conclusions of different stress testing approaches for financial institutions and banks, especially in European and Chinese countries. region. the level of growth and status quo of the financial institutions, banks, organizations, credit institutions or the economy or the nation as a whole. In addition, several of these reviews were specifically focused and incorporated into the paper, which substantially and broadly discussed and summarized the importance, feasibility and implementation and conclusions of different stress testing approaches for financial institutions and banks, especially in European and Chinese countries.


Conceptually, the key approaches to the formation of financial reporting for an Islamic financial institution (IFI) have much in common with approaches developed for economic entities in the traditional economy. At the same time, the AAOIFI Concept and the Financial Accounting Standard No. (1) provide for Islamic financial institution-specific provisions and reporting forms that reflect the requirements of the Sharia. Disclosure of methods in published accounts is intended to help its users distinguish between changes in the financial position of an Islamic financial institution, the results of its operations, cash flow, limited investment managed by it, the sources and use of Zakat (poor-due) and Kard funds and charitable foundations. Further development of the regulation of the issues on the formation of financial statements seems to us in the making common approaches to its formation closer for companies operating in the traditional economy and Islamic financial institutions.


Asy-Syari ah ◽  
2020 ◽  
Vol 21 (2) ◽  
pp. 233-244
Author(s):  
Khoir Affandi

Abstract: According to the legal facts, the management and development of waqf money is carried out in accordance with the principles of sharia and does not conflict with the regulations of the Indonesian law. But according to the facts on the ground there is still usury in the management and development of the endowments of the money. This can be seen by the obligatory Nazir to guarantee the endowments of money managed and developed outside the shari'ah bank into shari'ah insurance. Thus, waqf money can only increase, whereas in the management and development of waqf money, Nazir can not always gain profits, there are times when Nazir loses and when Nazir experiences profit then it is done for profit between Nazir, mauquf 'alaih and Islamic financial institutions' Ah, but in the case of Nazhir's loss, the loss will be borne entirely by Nazhir. if this concept is applied in the management and development of money waqf, then what is the difference between a sharia financial institution and another bank that is not a sharia that applies the usury principle?Abstrak: Menurut fakta hukum, pengelolaan dan pengembangan wakaf uang dilakukan sesuai dengan prinsip syari’ah dan tidak bertentangan peraturan perwakafan di Indonesia. Akan tetapi menurut faktanya di lapangan masih terdapat riba dalam pengelolaan dan pengembangan wakaf uang tersebut. Hal ini terlihat dengan diwajib­kan­n­ya nazhir untuk menjaminkan wakaf uang yang dikelola dan dikembangkanya di luar bank syari’ah ke dalam asuransi syari’ah. Dengan demikian, wakaf uang hanya boleh ber­tambah, padahal dalam pengelolaan dan pengembangan wakaf uang, tidak selamanya nazhir dapat meraih keuntungan, ada kalanya nazhir mengalami kerugian dan pada saat nazhir mengalami keuntungan maka dilakukan bagi keuntungan antara nazhir, mauquf ‘alaih dan lembaga keuangan syari’ah akan tetapi dalam kondisi nazhir meng­alami kerugian maka kerugian tersebut akan ditanggung seluruhnya oleh nazhir. Apabila konsep ini yang diberlakukan dalam pengelolaan dan pengembangan wakaf uang, maka apa bedanya lembaga keuangan syari’ah dengan bank lainya yang bukan syari’ah yang menerapkan prinsip riba?


2020 ◽  
Author(s):  
Kumara Kusuma ◽  
Muhamad Nafik Hadi Ryandono

<p>Islamic economy in Indonesia is in continuous development qualitatively and quantitatively. There are products of Islamic financial institutions which innovatively developed. However, there are findings which stated that the Islamic financial institutions in Indonesia still not in full compliance with the Shariah, especially in terms of fulfilling the justice experienced by Islamic bank’s mudarabah contract customers. The injustice is on the nisbah or ratio between the capital owner and the capital manager. There ara model or proposal to how to determine the profit sharing ratio, however, there is still none of them which dwelling on the idea of justice in profit sharing ratio. This research, using an explorative and qualitative approach contributes to the philosophical basis in determining the just profit sharing ratio. The reason for the research is since justice is one of the Islamic economy pillars in Islamic economy paradigm. By this research, it is hoped that the future practice of profit sharing ratio will be just for the actors of the Muḍārabah contract.</p>


2021 ◽  
Vol 4 (1) ◽  
pp. 1
Author(s):  
Aufa Islami

This research is entitled Analysis of Guarantees in Profit Sharing Contracts (Mudharabah and Musyarakah contracts) in Islamic banking. This research was conducted with the aim of analyzing the guarantees contained in profit sharing contracts including the Mudharabah contract and the Musyarakah contract in Islamic Banking. This article research uses a normative approach. The normative approach is used for research from the perspective of fiqh muamalat regarding the position of the guarantee in the profit sharing contract. From this research it can be concluded that basically there is no guarantee for profit sharing contracts, such as mudarabah and musyarakah, except as a guarantee of the possibility of moral hazard being carried out by the contract partners. In practice, Islamic financial institutions, especially Islamic banking, always withdraw material guarantees for the profit sharing contracts they cover with their partners (customers). However, it must be remembered that the withdrawal of the material guarantee must be limited to cases where there is a loss due to unlawful acts, negligence or default by the customer. In the event that the loss occurs beyond the customer's fault, negligence or breach of contract, the guarantee may not be executed.


Author(s):  
Prawitra Thalib ◽  
Sri Hajati ◽  
Faizal Kurniawan ◽  
Komari Aldiansyah

Baitul Maal wat Tamwil is a financial institution with a sharia concept that was born as a choice that changes the concept of maal and tamwil in one institution. The concept of maal was born and became part of the lives of Muslim communities in terms of collecting and distributing funds for zakat, infaq and shadaqah) productively. While the Tamwil concept was born for purely business activities to benefit from the middle to micro sectors of society. One of the financing activities carried out by BMT is financing based on profit sharing principles. Profit sharing is done by two types with mudharabah and musyarakah contracts. musyarakah is derived from the word syirkah, also called syarikah, which means a cooperation agreement between two or more parties for certain businesses, each party providing the assistance fund, and will be borne together in accordance with the aid fund, or mutual agreement. The methods used in the writing of this article are normative research using a statute approach and a conceptual approach.the result of this research indicates distribution of funds or financing must pay attention to various matters relating to caution both from within and from outside the Islamic Financial Institutions of Islamic Banks and Non-Islamic Banks. Matters issued from internships are in the form of Legal Lending Limit (LLL), financing guidelines, operational aspects. Aside from internal, things that are of caution are also excluded from the external supported by 5C analysis (Character, Condition, Capacity, Capital, Guarantee) and sharia compliance). This analysis must be considered in channeling financing to avoid elements forbidden in Islam.


2021 ◽  
Vol 4 (1) ◽  
pp. 67
Author(s):  
Ria Anisatus Sholihah

<p class="bdabstract">Islamic Bank as a type of Islamic financial institution has the authority to collect and distribute funds to the public. In carrying out its operational activities, Islamic Banks have transactions that can lead to non-halal income because Islamic Banks also make transactions with Conventional Financial Institutions. PSAK 101 has regulated the disclosure of no n-halal income as part of the Report on the Sources and Use of Virtue Fund. The purpose of this study is to determine the description and disclosure of non-halal income in the financial statements of Islamic Commercial Banks. This study uses a qualitative research method with a descriptive approach. The subjects of this study were 14 Islamic Commercial Banks operating nationally and publishing complete financial reports in 2019 on the official website of Islamic Commercial Banks. The results showed that non-halal income from 14 Islamic Commercial Banks have been disclosed in accordance with PSAK 101, namely the Report on the Sources and Use of Virtue Funds. However, not all banks disclose in detail the reasons for the occurrence and use of non-halal income in the Notes to Financial Statements.</p>


Author(s):  
Awaluddin Awaluddin ◽  
Andis Febrian

<p><em>National Sharia council fatwa is a reference by every sharia financial institution in Indonesia in carrying out its operations. To implement sharia compliance by sharia financial institutions as formed as an extension of the DSN to oversee every financial institution to be in line with sharia principles. A problem that often arises in Islamic financial institutions is that the fatwa issued by DSN requires studies and opinions from DPS in operational techniques in Islamic financial institutions. the existing fatwas have not yet been represented in technical transactions at financial institutions. This research is a sociological juridical study, which examines the existence of MUI fatwas and the development of sharia economy and how the legal relationship between the MUI fatwa and the implementation of sharia economy in Indonesia with applicable laws and regulations. The results of this study see that the position of the fatwa in the perspective of banking law in Indonesia as a juridical reason for the legislature to set in the legislation. Besides that, the DSN fatwa as a technical basis for supervision is regulated in the laws and regulations on Islamic banking. From the data obtained that the position of fatwa in sharia banking has become a reference in every transaction for the future, each DPS in sharia financial institution is expected to not only be an independent board that is complementary but has a special position and staff in charge of each transaction carried out in the hope of implementing Sharia principles are maximally implemented</em><em>.</em></p><p> </p><p><em>Fatwa dewan syariah nasional merupakan rujukan oleh setiap lembaga keuangan syariah di Indonesia dalam menjalankan opersionalnnya. Untuk menjalankan kepatuhan syariah oleh lembaga keuangan syariah maka dibentuklah Dewan Pengawas Syariah (DPS) sebagai perpanjangan tangan dari Dewan Syariah Nasional (DSN) untuk mengawasi setiap lembaga keuangan untuk sejalan dengan prinsip syariah. Problem yang sering muncul di lembaga keuangan syariah adalah fatwa yang dikeluarkan oleh DSN membutuhkan kajian dan opini dari DPS dalam teknis operasional di lembaga keuangan syariah. Fatwa yang sudah ada belum semuannya terwakili dalam teknis transaksi pada lembaga keuangan. </em><em>Penelitian ini merupakan suatu penelitian yuridis sosiologis, yaitu meneliti tentang keberadaan Fatwa-fatwa MUI dan perkembangan ekonomi syariah dan bagaimana hubungan hukum antara fatwa MUI dan pelaksanaan ekonomi syariah di Indonesia dengan peraturan perundang-undangan yang berlaku. Hasil penelitian ini melihat bahwa kedudukan fatwa dalam prespektif hukum perbankan di Indonesia sebagai alasan yuridis bagi lembaga legislasi untuk menetapkan dalam aturan perundang-undangan. Disamping itu juga fatwa DSN sebagai dasar teknis pengawasan yang diatur dalam aturan perundang-undangan tentang perbankan syariah. Dari data yang diperoleh bahwa kedudukan fatwa pada perbankan syariah sudah menjadi rujukan dalam setiap transaksi untuk kedepannya setiap DPS yang ada dilembaga keuangan syariah diharapkan tidak hanya sebagai dewan independen yang besifat sebagai pelengkap tetapi memiliki kedudukan dan staf khusus yang membidangi setiap transaksi yang dijala</em>nkan dengan harapan pelaksanaan prinsip syariah maksimal dilaksanakan.</p>


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