scholarly journals MASLAHAH BASED MEASUREMENT ON INDONESIA ISLAMIC BANKS

2018 ◽  
Vol 3 (1) ◽  
pp. 365
Author(s):  
Aam Slamet Rusydiana ◽  
Hendri Tanjung ◽  
Lina Marlina
Keyword(s):  
Bank Performance ◽  
Islamic Banking ◽  
Data Envelopment ◽  
Islamic Banks ◽  
Business Unit ◽  
Assessment Framework ◽  
Islamic Bank ◽  
Critical Policy ◽  
Education Justice ◽  
Islamic Values

Every single effort or process taken by Islamic bank to maximize output should also uphold Islamic values, so that maqashid sharia (maslahah-sharia objectives) would be authomatically achieved. There were some research conducted to measure Islamic bank performance using maqashid sharia framework. However, these studies were not explicitly addressing the issue of cost-saving strategies within the framework of efficiency measurement. It is therefore this paper aims to� have� efficiency� and� maslahah� measurement� in� one assessment framework� that� is� maslahah-eficiency� quadrant� (MEQ). There are three aspects measurement of maslahah, namely education, justice, and welfare as maqashid sharia index (MSI). Hence, in order to measure efficiency level of Islamic Banking Industry especially Sharia Business Unit, this study use Data Envelopment Analysis (DEA) method and employ Banxia Frontier Analyst 3.1 for data analysis. Within the MEQ framework, the study revealed that Permata, CIMB, BTN, DKI, Jambi, and Kalbar are excellent since both are within the first quadrant.Whereas Maybank, NISP, Sinarmas, Sumbar, and Sulselbar are considered good at the second quadrant; Danamon, Jatim, Sumut, Riau&Kepri, Kalsel, and Kaltim are fair at the third; and DIY, Jateng, and NTB are poor at the fourth sequentially. It is urge for Islamic bank that are in low level of MSI to have a critical policy to keep in line with the five factor of maqashid sharia apart of having efficiency in order to reach maslahah. keywords: Maslahah-Efficiency Quadrant (MEQ), Maqashid Sharia index (MSI), DEA, Islamic Bank

scholarly journals ANALISIS PERLAKUAN AKUNTANSI GADAI EMAS SYARIAH PADA BANK BJB SYARIAH KANTOR CABANG PEMBANTU KARAWANG

1970 ◽  
Vol 1 (1) ◽  
Author(s):  
Mumun Maemunah
Keyword(s):  
Islamic Banking ◽  
Islamic Banks ◽  
Business Unit ◽  
Islamic Bank ◽  
Conventional Banks

ABSTRAK: Undang-undang Nomor 21 Tahun 2008 tentang perbankan syariah, merupakan peraturan yang menjadi landasan perbankan syariah dalam menjalankan kegiatannya bank syariah melakukan inovasi-inovasi melalui produk yang ditawarkan agar tetap bisa bersaing secara sehat dengan bank konvensional.Praktek gadai emas pada dasarnya tidak melanggar hukum atau peraturan nasional. Bank Indonesia telah mengeluarkan peraturan mengenai produk-produk yang akan ditawarkan oleh Bank Syariah kepada nasabahnya. Yaitu melalui peraturan Bank Indonesia Nomor 10/17/PBI/2008 tentang Bank Syariah dan Unit Usaha Syariah. Praktek gadai emas pada dasarnya tidak melanggar hukum atau peraturan nasional. Bank Indonesia telah mengeluarkan peraturan mengenai produk-produk yang akan ditawarkan oleh Bank Syariah kepada nasabahnya. Yaitu melalui peraturan Bank Indonesia Nomor 10/17/PBI/2008 tentang Bank Syariah dan Unit Usaha Syariah. Kata Kunci : Akuntansi, Gadai Emas, Syariah ABSTRACT: Law No. 21 of 2008 concerning Islamic banking, the rules that form the basis of Islamic banking in performing activities of Islamic banks make innovations through products offered in order to remain able to compete fairly with conventional banks. The practice of pawning gold is basically not violate national laws or regulations. Bank Indonesia has issued a regulation regarding the products that will be offered by the Islamic Bank to its customers. Namely through regulation of Bank Indonesia Number 10/17 / PBI / 2008 regarding Sharia Bank and Sharia Business Unit. The practice of pawning gold is basically not violate national laws or regulations. Bank Indonesia has issued a regulation regarding the products that will be offered by the Islamic Bank to its customers. Namely through regulation of Bank Indonesia Number 10/17 / PBI / 2008 regarding Sharia Bank and Sharia Business Unit. Keywords: Accounting, Gold Pawn, Sharia

scholarly journals COMPARISON OF ISLAMIC BANKING PERFORMANCE IN INDONESIA, PAKISTAN, AND BANGLADESH: SHARIA MAQASHID INDEX APPROACH

2021 ◽  
Vol 10 (1) ◽  
pp. 1
Author(s):  
Mohammad Nur Rianto Al Arif ◽  
Dede Yati
Keyword(s):  
Performance Indicators ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Islamic Bank ◽  
Index Approach ◽  
And Performance ◽  
Conventional Banks ◽  
The One ◽  
Islamic Values ◽  
One Way Anova

There is a different characteristic between Islamic banks and conventional banks, so Islamic banks must have performance measures based on Islamic values in them. This study aims to measure the performance of Islamic banks in three countries - Bangladesh, Indonesia, and Pakistan - using the Sharia Maqashid Index. Also, this study examined whether there were differences in Sharia Maqashid Islamic bank indexes in the three countries using the one-way ANOVA test. The results of the study, in general, showed that the Al-Arafah Islamic Bank of Bangladesh received the highest score, followed by Bank of BNIS and Bank of BRIS. Besides, the results of the study also showed that there were differences in performance. This result implies that Islamic banks should use the maqashid sharia framework as a benchmark for their objective and performance indicators.========================================================================================================ABSTRAK – Perbandingan Kinerja Perbankan Syariah di Indonesia, Pakistan, dan Bangladesh: Pendekatan Indeks Maqashid Syariah. Terdapat perbedaan karakteristik antara bank syariah dan bank konvensional, sehingga ukuran kinerja bank syariah harus didasarkan pada nilai-nilai syariah yang terdapat di dalamnya. Penelitian ini bertujuan untuk mengukur kinerja bank syariah di tiga negara yaitu Bangladesh, Indonesia, dan Pakistan dengan menggunakan Sharia Maqashid Index. Selain itu, penelitian ini juga menguji apakah ada perbedaan indeks bank syariah Maqashid Syariah di tiga negara dengan menggunakan uji one-way ANOVA. Hasil penelitian secara umum menunjukkan bahwa Bank Islam Al-Arafah Bangladesh memperoleh skor tertinggi, disusul oleh Bank BNIS dan Bank BRIS. Selain itu, hasil penelitian juga menunjukkan adanya perbedaan kinerja di tiga negara tersebut. Hasil ini menyiratkan bahwa bank syariah harus menggunakan kerangka maqashid syariah sebagai tolok ukur tujuan dan indikator kinerjanya.

scholarly journals MEASURING THE PERFORMANCE OF ISLAMIC BANKING IN INDONESIA: AN APPLICATION OF MASLAHAH-EFFICIENCY QUADRANT (MEQ)

2018 ◽  
Vol 3 ◽  
pp. 103-130 ◽  
Author(s):  
Aam Rusydiana ◽  
Yulizar Djamaluddin Sanrego
Keyword(s):  
Market Condition ◽  
Islamic Banking ◽  
Assessment Framework ◽  
Low Level ◽  
The Third ◽  
Islamic Bank ◽  
Critical Policy

Despite of market condition under perfect or unperfect competition, Islamic banking has to reach their level of efficiency in order to succeed and make a profit; those who do not will fail and be forced to exit the market. However apart of having a sound performance, Islamic banking also has to comply with the sharia principles. This paper aims to have efficiency and maslahah measurement in one assessment framework that is maslahah-efficiency quadrant (MEQ). The study from 2011-2014 revealed that Bank Muamalat Indonesia (BMI) and Sharia Panin Bank are excellent since both are within the first quadrant. Whereas Bank Sharia Mandiri (BSM), Sharia Maybank, and Sharia Bukopin Bank are considered good at the second quadrant; Bank Rakyak Indonesia Sharia (BRI) and BCA Sharia are fair at the third; and Bank Mega Sharia, Victoria Sharia, Bank Negara Indonesia Sharia (BNI), and Bank Jabar Banten Sharia (BJB) are poor at the fourth sequentially. It is urge for Islamic bank that are in low level of MSI to have a critical policy to keep in line with the five factor of maqashid sharia apart of having efficiency in order to reach maslahah.

Analisis Kinerja Bank Syariah di Indonesia Dengan Pendekatan Sharia Maqashid Index (SMI)Tahun 2016-2018

2021 ◽  
Vol 11 (2) ◽  
pp. 35-44
Author(s):  
Ihda Lasna Sari ◽  
Fajri Ryan Isnandar
Keyword(s):  
Annual Report ◽  
Bank Performance ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Performance Measurements ◽  
Islamic Bank ◽  
Conventional Banks ◽  
Index Value ◽  
Individual Education

This study aims to analyze the performance of Islamic banks using the Sharia Maqashid Index.The variables used in this method adopt Abu Zahra’s maqashid sharia theory, namely Tahdhib alFardh (Individual Education), Iqamah al Adl (Enforcing Justice), and Jalb al Maslahah (Achievementof welfare). From these variables finally obtained 10 performance ratios used in measuring theperformance of Islamic banks, which are then given the respective weights. The existence of thismethod originated from the inadequacy of Islamic bank performance measurements that use generalperformance measurements commonly used in conventional banks in general. This performancemeasurement was promoted by Mustafa Omar, et al in 2008 in his research entitled “The PerformanceMeasures of Islamic Banking Based on the Maqasid Framework”. The object of this research is 12BUS in Indonesia. The data used is the annual report of 12 BUS in 2016-2108. The results of thisstudy indicate that among 12 BUS in Indonesia, Bank Panin Dubai Syariah obtained the highestSMI value with an index value of 36.75. These results indicate that Panin Dubai Syariah Bankhas a good performance using the Sharia Maqashid Index. Rank 12 BUS in Indonesia as follows:Bank Panin Dubai Syariah, Bank Victoria Syariah, BCA Syariah, Bank Muamalat Indonesia, BankSyariahBukopin, BTPN Syariah, Bank BRI Syariah, Bank BNI Syariah, Bank SyariahMandiri,MaybankSyariah Indonesia, Bank JabarBanten Sharia, and Bank Mega Syariah.

scholarly journals RIBA AND ISLAMIC BANKING, EXAMINING THE PRACTICES OF JAIZ BANK PLC, NIGERIA

2018 ◽  
Vol 18 (1) ◽  
Author(s):  
Abdulmajeed Bolade Hassan-bello
Keyword(s):  
Joint Venture ◽  
Profit Sharing ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Islamic Bank ◽  
Public Company ◽  
Conventional Banks ◽  
Financial Transactions ◽  
Common Application ◽  
Islamic Values

Critics of Islamic banking argue, that how could Islamic banking work when interest (riba) is prohibited? Those in favour argue that Islamic banks can operate without interest. This is the contention of the paper. Islamic bank is a banking which operates without the norm of interest. However, the Muslim scholars have never seriously discussed the three basic questions. Riba, interest, are riba and interest synonymous. The most common application of riba is on monetary transaction relating to “loans” and “credits”. A unique feature of Islamic banking is its profit-and-loss sharing (PLS) paradigm, which is predominantly based on the mudarabah (profit-sharing) and musharaka (joint venture) concepts of Islamic contracting. However, Islamic banks are also criticized for not applying the principle of mudaraba in an acceptable manner. Where banks are eager to take part in profit-sharing but they have little tolerance for risk. Jaiz bank plc, the first Islamic bank in Nigeria, is a quoted public company owned by over 26,000 shareholders. Based on recommendations from Islamic Development Bank (IDB), which is also a shareholder of the bank, Jaiz Bank PLC had partnered with Islamic Bank of Bangladesh (IBBL). However, the Islamic Banks, generally, seem to attract a fraction of the business of financial transactions in any country where conventional banks operate. The challenge facing Islamic banks is the diversity of opinion among the Sharia scholars. Whether the particular practice or product, is Sharia compliant. The paper therefore, concludes that, by prohibition of riba, Islam wishes to establish an economic system where all forms of exploitation are eliminated. The difficulty to understand the prohibition comes from lack of appreciation of the whole complex of Islamic values.  Thus, the future of Islamic banks depends not only upon investing in new products but also upon the satisfying the faith of the stakeholders. 

scholarly journals Efficiency of Islamic Banks Using Two Stage Approach of Data Envelopment Analysis

2014 ◽  
Vol 16 (2) ◽  
pp. 155-176 ◽  
Author(s):  
Muhammad Faza Firdaus ◽  
Muhamad Nadratuzzaman Hosen
Keyword(s):  
Data Envelopment Analysis ◽  
Parametric Method ◽  
Tobit Model ◽  
Performance Level ◽  
Bank Performance ◽  
Optimum Level ◽  
Data Envelopment ◽  
Islamic Banks ◽  
Two Stage ◽  
Islamic Bank

The aim of this study is to measure the efficiency of Islamic Bank in Indonesia, to analyze the factors that affect the level of efficiency which is known as Two-Stage Data Envelopment Analysis method and to propose measurement of Bank Soundness with modified CAMELS. The objects of this study are 10 (ten) Islamic Bank (BUS) in Indonesia which analyzes from the second Quarter of 2010 until the fourth Quarter of 2012. There are 2 (two) methods which are used in this study, namely non-parametric method of Data Envelopment Analysis (DEA) on the first stage and Tobit model on the second stage. In addition, this study will illustrate the formulation of the financial factors of CAELS instead of CAMEL by integrating the results of efficiency level measurement using DEA in CAELS formulation. Overall, the results, show that the efficiency level of Islamic banks in Indonesia during the time period in this study, have not yet reach the optimum level of efficiency. In addition, modification of CAELS for the bank performance level method by integrating the result of DEA shows that the modification of CAELS could be more accurate in describing the bank performance level, particularly for Islamic Bank in Indonesia. Keywords: Efficiency, Data Envelopment Analysis (DEA), Tobit Model, CAELS + DEAJEL Classification: C02, C14, C54,G21

scholarly journals Exploration of Islamic Values in Islamic Banking (Study of Islamic Bank Customer Perspective in Makassar)

2019 ◽  
Vol 6 (1) ◽  
pp. 37
Author(s):  
Irwan Misbach
Keyword(s):  
Corporate Governance ◽  
Factor Analysis ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Islamic Bank ◽  
Governance Indicators ◽  
Research Challenges ◽  
Customer Perspective ◽  
Islamic Values ◽  
Initial Concept

This study explores Islamic values in the operations of Islamic banks based on the perspective of customers in Makassar City. Based on factor analysis, 4 factors are found. Factor 1 contains "Islamic Products" which are “Amanah”. Factor 2 contains "Islamic Performance" which is Tabliqh. Factor 3 contains "reliability or Islamic Assurance" that is identical to Sidiq. Factor 4 contains "Islamic services" that are identical to Fathanah. This research is able to form Islamic Corporate Governance indicators that respond to research challenges about the initial concept of Islamic-corporate-governance implementation in Islamic banks through mandate in their products, tabliq in providing guarantees to customers, shiddiq which is reliability like syariah, and fathanah in serving customers in banking transaction.

scholarly journals Recent Development of Islamic Banking Performance Measurement

ETIKONOMI ◽  
2020 ◽  
Vol 19 (2) ◽  
Author(s):  
Azis Budi Setiawan ◽  
Amilin Amilin ◽  
MNR Al Arif
Keyword(s):  
Performance Measurement ◽  
Social Performance ◽  
Meta Analysis ◽  
Bank Performance ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Performance Measurements ◽  
Alternative Models ◽  
Islamic Bank ◽  
Muslim Communities

This study aims to review the development of research related to Islamic banks' performance measurement and various alternative models. It uses a meta-analysis approach to identify other previous studies from various journals and relevant researches. The results show that the measurement of Islamic bank performance mostly uses financial performance measurements similar to conventional bank performance measurements, which use financial ratios and efficiency. There have been several serious efforts to develop alternative models for measuring Islamic banks' performance to reflect their nature and objectives better. These models include the Islamicity Index, Economic Contribution and Muslim Communities, Social Performance Index, Maqashid Index, and Islamic Bank Maqashid Index. However, eventually, these models are still in the early stages of development and have several weaknesses. Thus, it is still necessary to develop a model for measuring Islamic bank performance relevant to its philosophy and objectives.JEL Classification: G21, L25How to Cite:Setiawan, A. B., Amilin., & Al Arif, M. N. R. (2020). Recent Development of Islamic Banking Performance Measurement. Etikonomi: Jurnal Ekonomi, 19(2), xx – xx. https://doi.org/10.15408/etk.v19i2.15706.

ALTERNATIF PERHITUNGAN RETURN SHAHIBUL MAL PADA SKEMA MUDHARABAH BANK SYARIAH

2020 ◽  
Vol 3 (2) ◽  
Author(s):  
Refky Fielnanda
Keyword(s):  
Rapid Development ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Theoretical Level ◽  
Method Of Calculation ◽  
Islamic Bank ◽  
Representative Office ◽  
Operational Practices ◽  
Computerized System ◽  
Practical Level

Abstract: The rapid development of the number of islamic banks should be balanced with the availability of infrastructure to carry out daily operational practices. The operational tools include hardware as like as representative office, computerized system, reliable human resources and software as like as method, culture and financial and islamic banking knowledge. In terms of development of Islamic finance is the paper "Alternative Calculation of Return Shahibul Mal on Mudharabah Scheme on Bank Syariah" was written. During this calculation of return shahibul mal has not been standardized in a formula, thus causing two serious effects. First, in the theoretical level, the formula has not yet created a difficulty. Secondly, in practical level, the formula is not impressive enough to recalculate the complexity of return calculations obtained by shahibul mall, causing laziness of the community using the services of islamic bank. This paper using mathematical and arithmetic equations with the help of modeling made by the author to refine and improve the method of calculation that has been available. The purpose of this paper is to create a standard formula that facilitates the calculation of return earned by a shahibul mal in a mudaraba scheme in a islamic bank.  

EFEKTIVITAS PEMASARAN BANK SYARIAH MENGGUNAKAN MEDIA SOSIAL INSTAGRAM DI INDONESIA” (Studi Kasus pada PT. BNI Syariah)

Paradigma ◽  
2020 ◽  
Vol 17 (1) ◽  
pp. 1-15
Author(s):  
Indriyani ◽  
Rizal Fahlevi
Keyword(s):  
Social Media ◽  
Rapid Development ◽  
Communication Media ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Islamic Bank ◽  
Marketing Effectiveness

The purpose of this study is to see the level of marketing effectiveness carried out by Bank BNI Syariah using social media Instagram. The rapid development of Instagram in Indonesia has made Bank Negara Indonesia Syariah actively use this social media as a forum for promotion on Instagram under the account name @ bni.syariah. So it is recorded that as of January 2019 the @ bni.syariah account has the most followers or followers of 37.8 thousand. Then followed by the account @banksyariahmandiri 36.4 thousand followers, @brisyariah 32.5 thousand followers, @ bank.muamalat 25.7 thousands followers, @bankbjbsyariah 8,095 followers, @bankmegasyariah 5,619 followers, @hababankaceh 5,399 followers, @bank_syariahbukopin 2,736 followers, and @ panindubaisyariah.bank 263 followers. Instagram is effectively used as a marketing medium for Islamic banks, especially for BNI Syariah, which is effectively used as a media for promotion and communication media with BNI Syariah customers. With the existence of Instagram as a marketing medium for Islamic banks, in this case BNI Syariah is very helpful in introducing Islamic bank products and helping to increase BNI Syariah revenue itself. Although, currently Instagram social media is only used as a promotional media or the first media for BNI Syariah to introduce Islamic banking products and is also used as a medium of communication with active BNI Syariah customers. So that any complaints or problems, especially related to service, customers can immediately submit complaints to BNI Syariah via Instagram, and problems can be resolved according to the customer's needs.

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