scholarly journals Rethinking Islamic Economic and Finance Practices in Indonesia: Some Critical Reviews

Author(s):  
Azwar Iskandar ◽  
Bayu Taufiq Possumah ◽  
Arfan Arifuddin

This research aimed to review and highlight some issues related to Islamic economic and finance practices in Indonesia. This research used qualitative-descriptive approach with content analysis, library research and critical studies method. This research found some critical points on islamic economic and finance practices in Indonesia, such as (i) islamic  banking in Indonesia shows inconsistencies and unwillingly implementation; (ii) the Islamic economics practices not going too far from around financial sector (iii) the practice of islamic finance in indonesia is mostly focused on the Islamic Commercial Finance (ICF) sector and less concerned with Islamic Social Finance (ISF); (iv) shariah financial institutions is more precisely than what is called ”shariah bank” (v) epistemological problems in the islamic economics curriculum need to be answered and resolved to avoid a contraproductive output from its fundamental purposes.  It is necessary to conduct re-orientation of sharia banking in order to strengthen the vision of sharia banking. All involving parties should be able to corporate, among them are academics, practitioners, governments, and, moreover, the role of scholars and organizations. It is reorientation and synergy of these parties which shall solve the problem of half-hearted implementation of banking and answer all criticism directed to the sharia banking all this time

2018 ◽  
Vol 2 (2) ◽  
pp. 133
Author(s):  
Busra Febriyarni

This paper raises the issue of how the role of PA lecturers in solving problems of students of Islamic banking study programs majoring in Sharia and Islamic Economics. The method used in this study is field research with a qualitative descriptive approach. The source of important data in this study is the PA lecturer in the Sharia Banking study program which is also called the research informant. The results showed that students had many academic problems, including the problem of taking courses every semester there were pre and no conditions, shortages and excess credits, less cooperative or less familiar with their respective PA lecturers, problems, economics, family there are even personal problems that consult with PA lecturers. The role of PA lecturers in solving the problem of the students in the Islamic Banking study program is quite well, this can be seen from the role of PA lecturers as their student mentors in academic matters that lead to taking courses, as advisors who always remind students in several ways, such as ethical issues , not yet fluent in reading Al-Quran, and as a motivator who always gives motivation to a better future career, their parents' economic problems and their relationship to the late payment of semester fees and others. In general, PA lecturers in the Sharia banking study program have played a role as PA lecturers both as mentors, directors, advisors and motivators in the academic, social, economic and career fields.


2021 ◽  
Vol 12 (1) ◽  
pp. 95-115
Author(s):  
Nur Jannah ◽  
Khairul Umam

AbstractThis research explains the role that parents should play in the educational process of their children during the Covid-19 pandemic. By using a qualitative descriptive approach to this type of research library, the researchers concluded that the role of parents in the current pandemic is becoming more urgent to develop children's character in a better direction. Three main points need to be internalized to children, namely religious education, social education, and moral education. Religious education is related to the issue of belief in God and all aspects related to Him. Social education is related to the cultivation of the values ​​of social interaction, both those originating from culture and religion and so on which have positive values. Meanwhile, moral education is related to the refraction of moral values, both individually and socially. Individual moral values ​​are related to how to treat oneself, while social moral values ​​are related to how to treat others well. Abstrak Penelitian ini menjelaskan peran yang sewajarnya dan patut untuk dilakanakan oleh orang tua dalam proses pendidikan anak-anak mereka di masa pandemic covid-19. Dengan menggunakan pendekatan deskriptif kualitatif jenis library research, peneliti menyimpulkan bahwa peran orang tua di masa pandemi saat ini menjadi lebih urgen dalam rangka menumbuhkembangkan karakter anak ke arah yang lebih baik. Terdapat tiga poin utama yang perlu diinternalisasikan kepada anak, yaitu pendidikan agama, pendidikan sosial dan pendidikan akhlak. Pendidikan agama terkait dengan masalah keyakinan kepada Tuhan dan segala aspek yang berhubungan dengan-Nya. Pendidikan sosial berkaitan dengan penanaman nilai-nilai interaksi sosial, baik yang bersumber dari budaya dan agama dan sebagainya yang bernilai positif. Sementara pendidikan akhlak berkaitan dengan pembiasan nilai-nilai moral, baik individual maupun sosial. Nilai moral individual berkaitan dengan bagaimana memperlakukan diri, sementara nilai moral sosial berkaitan dengan bagaimana memperlakukan orang lain dengan baik. Kata Kunci: Peran Orang Tua, Pendidikan Karakter Berbasis Keluarga, Pandemi Covid-19


2018 ◽  
pp. 249
Author(s):  
Muh. Hizbul Muflihin

This study aims to explore the pivotal role of the school principal in escalating his/her capacity as a supervisor. Supervision constitutes one of the principal’s duties that needs to be carried out for the purpose of supervising, evaluating performance, guiding, and motivating teachers to be able to make improvements, maintain teaching quality, and organize a better learning process. A qualitative descriptive approach was employed in this library research. The findings demonstrate the roles that principals take to maximize their role as a supervisor. Firstly, the principals should be able to understand the nature of supervision. This indicates that this re-understanding aims to enhance the process of supervision and guidance to teachers so as to improve the quality of their performance and teaching processes. Secondly, principals should be able to adapt and adopt various approaches to the implementation of supervision. The application in the supervision approach can be noticed in the exchange of information between principals and teachers, including the quality of learning. Thirdly, school principals should be able to increase human resources. The improvement should be carried out systematically and continuously through professional development. This illustrates that the principals’ role as a supervisor is very essential to promote the professionalism of teachers and educational staff.


2018 ◽  
Vol 24 (102) ◽  
pp. 24
Author(s):  
Al Siddig Talha Mohammed Rahma

Abstract              This paper follows the growing interest and continuity of Islamic finance products worldwide, which has encouraged the formulation of financial institutions based on the concepts of Islamic Sharia in many countries of the world and is no longer limited to Islamic countries only, and  Not exclusive to Muslims which is due to Islamic finance services and their ability to apply in non-Islamic societies, and perhaps what encouraged the development and progress of this industry Islamic history, which was attended by many different models With the development of trade's share between different countries as well as trips carried out by Muslims trade in the world and their role in the spread of Islam in Africa, Asia, Europe and so on.              The paper focuses on the need to direct and allocate Islamic funding to non-Muslims so as not to be exclusive to Muslims only and thus highlights the ability of Islamic economic services and its ability to expand its outreach, this will  help to activating many of the desired objectives and to clarify and reflect the Islamic principles of other societies, and thus achieve the universality of Islam and reduce the manifestations of hostility to Islam and Muslims in the world          The paper concludes that the spread of various Islamic financial institutions in European countries, including banks, Islamic insurance companies and Islamic sukuk, and the establishment of identical institutions in Europe all this confirms the ability of Islamic banking to spread in the world, Islamic banking has emerged as one of the fastest-growing industry sectors over recent years. Islamic Finance has now become a global phenomenon due in large part because it is perceived as less risky than the conventional finance – especially during crises.  


2016 ◽  
Vol 1 (2) ◽  
pp. 111
Author(s):  
Muhdi Kholil

<p>Indonesia is to be known widely by the world, which has Islamic finance system different from most countries. Indonesia which is in the international forum of financial syriah known "orthodox" or conservative in the application of Islamic principles recognized the economic practice of Islam which is closer to the economic substance of Islam, and relatively completed all aspects of the economy. Islamic economic development not only in the sectors has been developed such as banking, capital markets and non-bank financial institutions other, but also in extended development of the microfinance sector,  social and financial practices of real business to meet Islamic principles.</p><p>The composition and transaction of Islamic financial products’ Indonesia is a fact that is not owned by other countries which are also developing Islamic banking and finance industry. No wonder, since the majority of developing countries in the world of sharia finance industry with the approach of imitation (mimicry) with conventional, and many experts doubt the originality/economic system of Islamic finance, both conventional and expert on Islamic scholars. But on many opportunities, from seminars, conferences and working group forum, many countries are aware that Indonesia has a different form of sharia industry, the application of Islamic finance that has another color.</p><p>Keyword: Economics, Sharia, Indonesia.</p>


2021 ◽  
Vol 4 (2) ◽  
pp. 45
Author(s):  
Lalu Ahmad Zaenuri ◽  
Andri Kurniawan

This study aims to determine the involvement and role of ulama in preventing early-age marriage in West Nusa Tenggara. This study uses a qualitative descriptive approach with the type of library research. Data collection techniques using the literature review through various references related to research. The results of the research through a literature review are looking at government programs such as those related to early-age marriage, then the stakeholders involved are not enough from government agencies only. It’s also important the involvement and role of ulama as role models for the community in suppressing cases of early-age marriage through da'wah communication activities and forming special guidance and assistance programs for parents and adolescents regarding the negative impacts on early-age marriage.


Fenomena ◽  
2021 ◽  
Vol 20 (2) ◽  
pp. 189-208
Author(s):  
Kholilur Rahman

Tranformasi atau merubah bentuk Perguruan  Tinggi Keagamaan Islam (PTKI) dari Sekolah Tinggi ke  Institut atau dari Institut ke Universitas bukan merupakan pekerjaan yang mudah. Apalagi yang dirubah bentuknya adalah Perguruan  Tinggi Keagamaan Islam Negeri (PTKIN). 8 (delapan) STAIN bersiap alih status menjadi IAIN, dan 9 (sembilan) IAIN menjadi UIN, termasuk di dalamnya IAIN Jember menjadi Universitas Islam Negeri KH. Achmad Shidiq (UIN Khas) Jember. Naskah  ini mengulas tentang peran alumni (Khususnya Alumni  S3 IAIN Jember) pada proses tranformasi status dari Insitut menjadi Universitas. Penelitian  ini dilakukan dengan tujuan : (1) untuk mengetahui  dan menganalisis bagaimana proses tranformasi IAIN Jember  menjadi UIN Khas Jember sebagai  wujud local wisdom (kearifan lokal), (2) untuk mengetahui  peran almuni UIN Khas Jember. Penelitian ini menggunakan pendekatan   diskriptif kualititatif, yaitu penelitian engan memahami fenomena secara holistik secara alamiah. Sumber penelitian ini adalah penelitian kepustakaan (library research), yaitu penelitian yang berbasis kajian teoritis, referensi serta literatur ilmiah lainnyaHasil penelitian ini menunjukkan bahwa : (1) Nilai local wisdom dalam proses tranformasi IAIN Jember  menjadi UIN Khas Jember, meliputi:  penghargaan sejarah, penegasan faham keagamaan, dan penegasan azas bagi UIN Khas Jember. (2) Peran almuni UIN Khas  Jember sebagai katalisator, kontributor, public opinion, dan mover networking bagi pengembangan dan kemajuan UIN Khas Jember. The organizational transformation of Islamic universities and colleges is not an easy task. Moreover, the transformation is under the authority of the state, namely the National Islamic Religious College ("State Islamic Religious College/PTKIN). Eight State Islamic colleges (STAIN) are preparing to become State Islamic Institute (IAIN) and nine IAIN become State Islamic University (UIN), including IAIN Jember to become UIN KH. Achmad Shidiq (UIN KHAS) Jember. This manuscript discusses the role of graduates (especially S-3 graduates of IAIN Jember) in the organizational transformation process from the State Islamic Institute to the State Islamic University. This study aims to: (1) analyze how the process of transforming IAIN Jember into UIN KHAS Jember is included in local wisdom; and (2) to find out the progress of the graduates of UIN Khas Jember. This study uses a qualitative descriptive approach that is to understand the phenomenon holistically naturally. This research method is library research, namely research based on theoretical studies, references, and other scientific literature. The results of this study are: (1) The value of local wisdom in the organizational transformation process of IAIN Jember into UIN KHAS Jember is historical appreciation, affirmation of religious ideology, and affirmation of principles for UIN KHAS Jember. (2) The graduates of UIN KHAS Jember act as catalysts, contributors, public opinion makers, and movers of networking for the development of UIN KHAS Jember.


2019 ◽  
Vol 1 (1) ◽  
pp. 264-275
Author(s):  
Nurul Fatmawati

The purpose of this study was to determine the role of microfinance / non-bank institutions in the pre-prosperous female SME empowerment program at PT. Permodalan Nasional Madani in Surabaya. This research method uses a qualitative descriptive approach, the data used in this study are primary data with internal and external data sources. This research was conducted by conducting surveys, interviews, documentation, and questionnaires on 12 respondents from a total of 30 respondents who were still active as customers at PNM Mekaar Surabaya. The results and findings of this study reveal that the joint system of working capital financing is very effective for SMEs, especially for financial institutions whose targets are pre-prosperous women. This is reflected in the average score of perceptions for 15 statements of 75.8%, while each statement has a score of 62.3%, therefore the reconstruction of the financing model is said to be good.


2020 ◽  
Vol 2 (2) ◽  
pp. 85-94
Author(s):  
Amrulla Hayatudin ◽  
Panji Adam

The development of the Islamic finance industry, especially Islamic banking, demands product innovation. Based on its business activities, Islamic banking implements three types of business activities, there are fundraising, distribution, and banking service activities. The Financing products that are widely used are Murâbahah contracts. The implementation of Murâbahah in Lembaga Keuangan Syariah (LKS) has been modified, so that the sharia signs and spirits are needed to remain in the sharia corridor. This type of research is library research with normative juridical methods. The results showed that Maqâṣid al-syarî'ah is an important component in Islamic financial institutions. Because, without the implementation of Maqâṣid al-syarî'ah in the development system of Islamic financial institutions, muamalah products are developed, banking and financial regulations will be rigid and static, consequently Islamic banking and financial institutions will be difficult to develop.


2020 ◽  
Vol 4 (2) ◽  
pp. 222-241
Author(s):  
Aulia Putri Oktaviani Jusri ◽  
Erina Maulidha

The increase in the growth of Islamic banking needs to be supported by the performance of sharia auditors. This study aims to discuss the role and competence of Islamic auditors in supporting the performance of Islamic banking. This type of research uses qualitative methods with a descriptive approach using literature study data. The results of this study indicate that the competencies that must be possessed by sharia auditors include knowledge of Islamic law, fiqh muamalah, skills in accounting and auditing, and special characteristics as sharia auditors. This competence is the key to maximizing the role and competence of sharia auditors to support the performance of Islamic banking. The roles of sharia auditors include as independent auditors, internal auditors, and sharia supervisory board. Sharia compliance tests on Islamic financial institutions are part of the role of the sharia auditor.


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