scholarly journals RELIGION AND BANKING SYSTEM: THE FUTURE OF SYARIAH BANKING PRACTICES Historical and Contemporary Fiqh Perspectives

Al-Albab ◽  
2014 ◽  
Vol 3 (2) ◽  
Author(s):  
Hamka Siregar

The momentum of the development of Sharia banking has been noticed since the 1970s, which generally had two patterns: first, establishing the Islamic bank side by side with conventional one (dual-banking system) as practiced in Egypt, Malaysia, Saudi Arabia, Jordan, Kuwait, Bahrain, and Bangladesh; and second, restructuring the banking system as a whole in accordance with Islamic Sharia (full-fledged Islamic financial system) as applied in Sudan, Iran and Pakistan. The development of the Sharia-based banks which have been established across the world since the 1970s, became the motivation of the Indonesian ulemas to draft law on Sharia banking, so that Sharia banking could also be developed. As a result, these last few years, the banking world in Indonesia has witnessed the establishment of the public Sharia banks and Sharia business units, like Bank Muamalat and Bank Syariah Mandiri to mention a few. Using historical and contemporary jurisprudence perspective, this paper provides discussion on the future of Sharia banking.

Author(s):  
Hakimah Yaacob ◽  
Adli Yaacob ◽  
Khairul Hidayatullah Basir ◽  
Qaisar Ali

When the Islamic bank was first established in 1963, they realised leveraging on the conventional platform was an easy way out to create an Islamic banking system. Despite of financial outcry, multiplications, and lack of welfare on the customers, the bank continues championing the financial system. Behaving as an alternative to the conventional financing, Islamic banking is no different. With all the conventional guidelines and controlled regulations of IMF and the World Bank, the Islamic bank's hands are tied. Nothing much has been done to ensure a complete move out to assist customers in getting ‘good financing facility,' which is humane in nature. This chapter is an attempt to explore Zakat Bank out of banking furore using a Zakat platform. The finding suggests that the establishment of Zakat Bank is crucial to ensure the true financing based on Shariah principles and guidelines. This chapter adopts library research including reports and guidelines from the financial regulators. The chapter concludes with a proposed model for a Zakat Bank for authority's consideration.


Author(s):  
А.N. MIKHAILENKO

The world is in a state of profound changes. One of the most likely forms of the future world pattern is polycentrism. At the stage of the formation of a new world order, it is very important to identify its key properties, identify the challenges associated with them and offer the public possible answers to them. It is proposed to consider conflictness, uncertainty and other features as properties of polycentrism. These properties entail certain challenges, the answers to them could be flexibility of diplomacy, development of international leadership and others.


2011 ◽  
Vol 46 (3) ◽  
pp. 671-685 ◽  
Author(s):  
Richard Drayton

The contemporary historian, as she or he speaks to the public about the origins and meanings of the present, has important ethical responsibilities. ‘Imperial’ historians, in particular, shape how politicians and the public imagine the future of the world. This article examines how British imperial history, as it emerged as an academic subject since about 1900, often lent ideological support to imperialism, while more generally it suppressed or avoided the role of violence and terror in the making and keeping of the Empire. It suggests that after 2001, and during the Iraq War, in particular, a new Whig historiography sought to retail a flattering narrative of the British Empire’s past, and concludes with a call for a post-patriotic imperial history which is sceptical of power and speaks for those on the underside of global processes.


2010 ◽  
Vol 7 (suppl_6) ◽  
Author(s):  
Robert M. Nerem

Over the last quarter of a century there has been an emergence of a tissue engineering industry, one that has now evolved into the broader area of regenerative medicine. There have been ‘ups and downs’ in this industry; however, it now appears to be on a track that may be described as ‘back to the future’. The latest data indicate that for 2007 the private sector activity in the world for this industry is approaching $2.5 billion, with 167 companies/business units and more than 6000 employee full time equivalents. Although small compared with the medical device and also the pharmaceutical industries, these numbers are not insignificant. Thus, there is the indication that this industry, and the related technology, may still achieve its potential and address the needs of millions of patients worldwide, in particular those with needs that currently are unmet.


2021 ◽  
pp. 175797592110357
Author(s):  
Ilona Kickbusch

COVID-19 has shown us clearly that the world must commit to a transformative approach that promotes health and wellbeing. Living in the Anthropocene – an epoch defined by human impact on our ecosystems – moves us into unknown territory. The challenge is to find a way of living that aims to meet the needs of all people within the means of the living planet. We will require foresight, agility and resilience to be well prepared. The global risks we face are enormous and they are interconnected – yet the opportunity to accelerate change for the better is extraordinary as well. We have models, knowledge and technologies at our disposal that could significantly improve health and wellbeing and create fairer and more sustainable societies – yet they have not been used widely to serve the public purpose and to address inequities.


2018 ◽  
Vol 17 (9) ◽  
pp. 26-42
Author(s):  
Ola Rongan Wilhelmus

Corruption is against the law and abuse of authority for the sake of self-enrichment, a group of people or corporations. Transparency International institutions 2015 and 2016 have placed Indonesia as one of the most corrupt countries in the world. Corruption in Indonesia has a very bad impact on various dimensions of society and nation life and can damage the economic system, democracy, politics, law, government and others. Although corruption is already so great, efforts to combat corruption have not shown optimal results. Seeing the difficulties of eradicating corruption, there needs to be a more serious and radical effort in the future to combat corruption in Indonesia, among others through: reforming political institutions, reforming the bureaucracy, formulating and implementing political ethical standards, enforcement that can give deterrent effect to corruptors , And the proper handling of corruption complaints procedures by the public.


2018 ◽  
Author(s):  
anton priyo nugroho

Indonesia is a country with the largest Muslim population in the world. However, since the Islamic banks were being established in Indonesia for about 20 years, their market share only accounts for about 5% in the Indonesian banking system. Muslim participations in using Islamic bank are relatively low. This study expands the Theory of Planned Behavior by adding the variables of religiosity and self-efficacy. Previous studies have not examined this new expanded model to analyze customers who participated in using the saving Islamic bank’s products and services. Based on 220 Islamic bank consumers who participated in the study, the study indicated that questionnaires about religiosity and self-efficacy had good external validity and could be adapted for the Indonesian culture context. The most interesting finding was that the religiosity variable strongly enhanced the use of Islamic banks. Similarly, this study found that the self-efficacy variable improved an intention of customers to participate in the Islamic banking system. This paper also discusses the implications of the findings and recommendations for future studies.


2015 ◽  
Vol 9 (1) ◽  
pp. 54
Author(s):  
Abdul Chalik

<p>This article elaborates the phenomenon of fundamentalism and the future of Islamic political ideology. Islamic ideology represents religious views, ideas and movements which aspire to bring Islam into practice in state and societal affairs. One variant of Islamic ideologies is fundamentalism which endeavors to return religious practices back to the pristine Islam based on the Qur’ân and al-Hadîth. Fundamentalism rejects all modes of understand-ding which are not based on the Qur’ân and al-Hadîth, and refuses secular methodology in interpreting the Qur’ân. This type of Islamic ideology found its momentum when Saudi Arabia regime officially adopted Wahhabism, and when Egyptian intellectuals were united to fight against modernity. Both Saudi Arabia and Egypt became seeding ground for fundamentalism. Some young muslim scholars who studied there became agents for the dissemination dan transmission of the fundamentalist ideology throughout the world. In Indonesia, this ideology have developed since independence and the drafting of the constitution. In the Indonesian context, resistence from traditionalist and nationalit groups were so strong that enable to dam up the spread of fundamentalis ideas. However, fundamentalist ideology remains an important challenge for the future of Indonesian Islam.</p>


1976 ◽  
Vol 3 (1) ◽  
pp. 23-26 ◽  
Author(s):  

My contribution to the crusade for the perpetuation of all life on Earth, indeed for the very tools for survival if the situation becomes more critical, has been the opportunity to put the case for conservation of Nature and natural resources over to the public in general, and also to present it to the great decision-makers of our time—the men and women who have such mighty power for good or evil, and on whose vision and actions the future of Man depends. I have been able to do this because of the dedicated support I have received from my colleagues in the World Wildlife Fund (WWF), and from our sister organization and scientific adviser, the International Union for Conservation of Nature and Natural Resources (IUCN), all working in close partnership.


2004 ◽  
Vol 70 (2) ◽  
pp. 199-215 ◽  
Author(s):  
Tony Bovaird

This article explores the current state of knowledge in relation to public–private partnerships (PPPs), taken to mean working arrangements based on a mutual commitment (over and above that implied in any contract) between a public sector organization with any organization outside of the public sector. Since it originally became fashionable over 25 years ago, the concept of PPPs has been strongly contested. However, PPPs are now to be found in the public domain in many countries around the world and their number has been increasing in recent years. This article looks at how this has happened, what have been the strengths and weaknesses of this development and what the future may hold for PPPs. It argues that we are still at an early stage of learning which types of PPP are appropriate for which tasks and at managing PPPs to increase public value. It will be essential to apply principles of good governance to the future development of PPPs — but it will also be necessary to ensure that these principles are genuinely appropriate to the context in which these PPPs are working.


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