Perusahaan Modal Ventura Perspektif Ekonomi Syariah

2016 ◽  
Vol 1 (1) ◽  
pp. 98-114
Author(s):  
Dewi Kumalasari
Keyword(s):  
Venture Capital ◽  
Financial Institutions ◽  
Financial Statements ◽  
Financial Statement ◽  
Economic Activities ◽  
Islamic Bank ◽  
Islamic Financial Institutions ◽  
The One ◽  
The Right ◽  
A Company

In Indonesia, so many financial institutions that provide financing, either in the form of equity or in the form of loan. Financial institutions that provide financing in the form of loan, such as financial institutions of Islamic banks, require borrower to provide collateral and require financing prospective customer to attach financial statement of the business operated. The problem arises when the company that is going to start a business wants to apply for a loan to the Islamic bank, which new company has no the financial statements at all, even has no collateral required by the Islamic bank. Financing is one of the important things for companies that are just about to start a business, but it is difficult to obtain. Are there financial institutions, particularly the Islamic financial institutions that provide loan without requiring collateral or attach the financial statements of the business? A new company which is just opening a business, and have difficulties in getting funding, but still want to obey sharia principles, the right solution is a Sharia venture capital. On the one hand, the presence of sharia venture capital not only merely accommodates the interest of Muslims, but also emphasises on factors of advantage and benefit by providing financing help for economic activities, both small, medium, and large enterprises with the principles of sharia compliance. Venture capital is a form of the provision of capital to a company in the form of capital which, in this case, the company does not require collateral, like in Islamic banking. The company that wants to borrow from financial institutions, but do not want to earn or pay interest, as in conventional bank, the sharia venture capital sharia is the solution. Furthermore, to introduce and expand the knowledge of venture capital, especially sharia venture capital, this paper will discuss in one paper entitled sharia venture capital perspective on sharia economics.

scholarly journals Perusahaan Modal Ventura Perspektif Ekonomi Syariah

2016 ◽  
Vol 1 (1) ◽  
Author(s):  
Dewi Kumalasari
Keyword(s):  
Venture Capital ◽  
Financial Institutions ◽  
Financial Statements ◽  
Financial Statement ◽  
Economic Activities ◽  
Islamic Bank ◽  
Islamic Financial Institutions ◽  
The One ◽  
The Right ◽  
A Company

In Indonesia, so many financial institutions that provide financing, either in the form of equity or in the form of loan. Financial institutions that provide financing in the form of loan, such as financial institutions of Islamic banks, require borrower to provide collateral and require financing prospective customer to attach financial statement of the business operated. The problem arises when the company that is going to start a business wants to apply for a loan to the Islamic bank, which new company has no the financial statements at all, even has no collateral required by the Islamic bank. Financing is one of the important things for companies that are just about to start a business, but it is difficult to obtain. Are there financial institutions, particularly the Islamic financial institutions that provide loan without requiring collateral or attach the financial statements of the business? A new company which is just opening a business, and have difficulties in getting funding, but still want to obey sharia principles, the right solution is a Sharia venture capital. On the one hand, the presence of sharia venture capital not only merely accommodates the interest of Muslims, but also emphasises on factors of advantage and benefit by providing financing help for economic activities, both small, medium, and large enterprises with the principles of sharia compliance. Venture capital is a form of the provision of capital to a company in the form of capital which, in this case, the company does not require collateral, like in Islamic banking. The company that wants to borrow from financial institutions, but do not want to earn or pay interest, as in conventional bank, the sharia venture capital sharia is the solution. Furthermore, to introduce and expand the knowledge of venture capital, especially sharia venture capital, this paper will discuss in one paper entitled sharia venture capital perspective on sharia economics. Keywords: Sharia economics, venture capital

scholarly journals Analisis Potensi Kebangkrutan PT. Berlian Laju Tanker, Tbk. dengan Menggunakan Altman’s Z Score

2012 ◽  
Vol 3 (2) ◽  
pp. 654
Author(s):  
Iswandi Iswandi
Keyword(s):  
Financial Markets ◽  
Financial Institutions ◽  
Stock Exchange ◽  
Financial Statements ◽  
Financial Statement ◽  
Z Score ◽  
Transportation Services ◽  
Financial Condition ◽  
Score Model ◽  
A Company

PT. Berlian Laju Tanker, Tbk. (BLTA) is a company engaged in the ocean transportation services listed on the Indonesia Stock Exchange and the Singapore Stock Exchange. In 2009 and 2010 BLTA experienced a net loss. At the end of 2011 the company rocked the financial markets in Indonesia and Singapore being unable to meet financial obligations to financial institutions and corporate bondholders. Given such conditions until the end of August 2012 BLTA can not submit audited financial statement of year 2011 to the authorities of stock exchange and public. By using the 2007 to 2010 audited financial statements and June 2011 inhouse financial statement were analyzed using Altman's Z score model can be known that since 2007 BLTA produce a Z score were classified bankruptcy. Investors should analyze the financial condition by using Z Score in order to minimized shareholders and bondholders potential losses.

scholarly journals Financial Reporting Differences of Profit and Loss Sharing Investment Deposits in Islamic banks: A Cross-Country Study

2020 ◽  
Author(s):  
Faleel Jamaldeen
Keyword(s):  
Data Analysis ◽  
Financial Institutions ◽  
Financial Reporting ◽  
Financial Statements ◽  
Financial Statement ◽  
Islamic Banks ◽  
Country Study ◽  
Islamic Financial Institutions ◽  
Cross Country ◽  
The Cross

The aim of this cross-country research is to examine how the profit and loss sharing mudarabah investment deposits are classified and disclosed in the financial statement of Islamic banks. The cross-country study examined the financial statements of fifty-one fully-fledged Islamic banks. The results of the data analysis show that Islamic banks disclose the mudarabah investment account in different ways. The absence of standardized disclosure for mudarabah investment deposit confuses the stakeholders. This research suggests to the regulators to fully or partially adopt the AAOIFI standards specifically for Islamic financial institutions.

scholarly journals Filosofi Dasar Akad Murabahah dan Mudarabah: Studi Perbandingan dalam Upaya Menggerakkan Sektor Riil

2018 ◽  
pp. 222
Author(s):  
Ahmad Munif
Keyword(s):  
Financial Institutions ◽  
Comparative Approach ◽  
Islamic Banking ◽  
Real Sector ◽  
Economic Activities ◽  
Philosophical Approach ◽  
The Real ◽  
Islamic Financial Institutions ◽  
Comparative Results ◽  
The One

This present study highlights Murabaha (mark-up or cost-plus financing) and Mudaraba (profit-and-losssharing), modes of financing in Islamic financial institutions. Murabaha is a contract of sale that is ranked as the most popular Islamic banking product. Practically, this contract tends to be intendedfor consumptive economic activities. Meanwhile, Mudaraba is based on the profit-and-loss sharing system and applicable for productive business activities. Essentially, productive economic activities play a more pivotal role in promoting economic growth in the real sector widely. Conversely, consumptive economic ones do not give much impact on it. This study aims to explore the philosophical basis of the application of the two contracts.A comparative approach was employed in this study by comparing the philosophy of the two contracts respectively. The comparative results were analyzed descriptively by applying a philosophical approach. The findings expose that one the one hand, Mudaraba is more suitable for fostering the real sector basedon its own philosophy. On the other hand, Murabaha is considered more appropriate to be used for consumptive needs eventhough it can be allocated to the real sector with certain conditions. It indicates that Murabaha gains a wide array of popularity due to the philosophy established in this mode of Islamic financing.

scholarly journals Applicability of Reliability Model for Improving the Performance of Islamic Financial Institutions in Financing Decision by Mousharakah and Moudarabah Contracts

2020 ◽  
Vol 2 (2) ◽  
pp. p12
Author(s):  
Abdelkader Derbali
Keyword(s):  
Venture Capital ◽  
Financial Institutions ◽  
Decision Support Tool ◽  
Reliability Model ◽  
Support Tool ◽  
The Future ◽  
Islamic Financial Institutions ◽  
And Performance ◽  
Set Up ◽  
The One

To offer alternatives to improve the performance of Islamic financial institutions (IFIs), we try in this paper to examine the applicability of the reliability model, as a tool to help decision. We opted for the investment by Mousharakah contracts and Moudarabah contracts because of their resemblance to venture capital, where the reliability model was mentioned. To do this, we developed a documentary research which allowed us, on the one hand, to dissect the notions of decision and performance and to confirm a possible nexus among the two, and on the other hand, to justify the use of this model. Then, we set up the theoretical framework of the model for a potential application to our case study. Then, and after confirming this relationship, we were interested in the case of investment by the Mousharakah and Moudarabah contracts, given their similarity to other financing methods, namely venture capital, where the reliability model was mentioned as a decision support tool. All in all, we can find that this approach will probably create an investigative implement to aid investment choice and decision for IFIs in the future. The developed model constitutes an analytical decision-making aid tool for Islamic financial institutions in the future for Traders and investors.

PENGARUH CAR, LDR DAN ROA TERHADAP LABA PERUSAHAAN PERBANKAN TERDAFTAR DI BURSA EFEK INDONESIA

2018 ◽  
Vol 23 (1) ◽  
pp. 72-85
Author(s):  
Lasminisih ◽  
Emmy Indrayani
Keyword(s):  
Decision Making ◽  
Multiple Regression ◽  
Stock Exchange ◽  
Financial Statements ◽  
Capital Adequacy ◽  
Financial Statement ◽  
Return On Assets ◽  
Capital Adequacy Ratio ◽  
A Company ◽  
Future Plans

Company financial statement can be used to monitor the performance of a company. Financial statements are also used as a means for decision making so that the company can anticipate future plans. The purpose of this study was to find out the effect of Capital Adequacy Ratio (CAR), Loan to Deposit Ratio (LDR) and Return on Assets (ROA) on profit changes percentage of Banking Companies. The number of sample companies used in this study was 27 Banks listed in the Indonesia Stock Exchange with observation periods from 2007 to 2008. The method used in this study was multiple regression. The results of this study have indicated that CAR, LDR, and ROA gave significant effects on changes in Banks profit so that Banking Companies performances can be measured. Keywords: CAR, LDR, ROA, Profit

scholarly journals Company Changing Status and Its Linking to Competitiveness

2015 ◽  
Vol 53 (1) ◽  
pp. 1-17
Author(s):  
Dragana Radenković-Jocić ◽  
Ivan Barun
Keyword(s):  
Mergers And Acquisitions ◽  
Legal Framework ◽  
Decision Makers ◽  
Economic Activities ◽  
Economic Interests ◽  
Eu Legislation ◽  
The Republic ◽  
The Right ◽  
A Company ◽  
The Eu

Abstract The authors present the issues and challenges related to the changes in status of a company and its impact on competitiveness. Status changes of companies, mostly mergers and acquisitions of companies, are one of the ways in which capital owners and management direct economic activities with the aim of maximizing profits. In order to make the right and justified decision, in terms of achieving the economic interests of the company, it is essential to know the laws and regulations in this area. This paper should provide answers on various questions which will be presented to decision makers in every company, considering status changes. Bearing in mind that the question of status changes often associated with an international element, the authors will pay special attention on the EU legislation and current legal framework in the Republic of Serbia.

scholarly journals IPTEKS PENGUKURAN KINERJA KEUANGAN PADA PT. PLN (PERSERO) WILAYAH SULUTTENGGO

2018 ◽  
Vol 2 (02) ◽  
Author(s):  
Regina F. Pinontoan ◽  
Natalia Y. T. Gerungai
Keyword(s):  
Financial Performance ◽  
Balance Sheet ◽  
Financial Statements ◽  
Financial Statement ◽  
Financial Ratios ◽  
Ratio Analysis ◽  
Financial Ratio ◽  
Leverage Ratio ◽  
Financial Ratio Analysis ◽  
A Company

The measurement of financial performance based solely on balance sheet financial statements and profit and loss is able to provide information on the feasibility of a company on the obligations of external parties and also assets owned by the company. From the results of financial statement analysis using financial ratio analysis of PT. PLN (Persero)Region  Sulutttenggo can evaluate the financial performance of companies that show unfavorable conditions where the value of the liquidity ratio is less stable and even decreases. Whereas the results of the calculation of leverage ratio and profitability ratio show fairly good conditions. Thus, the writer suggest that the management always evaluate in improving the company's financial performance.Keywords : financial statement, financial performance, financial ratios

scholarly journals Effects of Sales, Receivables Turnover, and Cash Flow on Liquidity

2019 ◽  
Author(s):  
Rusdiyanto Rusdiyanto ◽  
Dian Agustia ◽  
Soegeng Soetedjo ◽  
Dina Fitrisia Septiarini ◽  
Susetyorini Susetyorini ◽  
...  
Keyword(s):  
Cash Flow ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statements ◽  
Financial Statement ◽  
Sales Growth ◽  
Accounts Receivable ◽  
Operating Cash Flow ◽  
Google Search ◽  
A Company

In this study, the author proposes to evaluate the effect of sales growth, Receivable Turnover and operating cash flow on the liquidity of PT. Unilever Indonesia Plc. The research method used is descriptive method with a quantitative approach. In this statement, the population used in this study is the financial statement data from PT. Unilever Indonesia Plc. from 2010 to 2018, the technique of determining the sampling uses Purposive Sampling. This research data uses secondary data from PT. Unilever Indonesia Plc financial statements from 2010 to 2018. All data sources were obtained from the website of the Indonesia Stock Exchange at https://www.idx.co.id, the company's website and Google search. Our analysis reveals that sales growth and accounts receivable turnover from PT. Unilever Indonesia Plc. has no influence on the liquidity of PT. Unilever Indonesia Plc, while operating cash flow has an influence on the Liquidity of PT Unilever Indonesia Plc. This means the ups and downs of the value of sales and accounts receivable turnover of a company has no influence on the liquidity of PT. Unilever Indonesia Plc, while operating cash flow has increased or decreased has an influence on the liquidity of PT Unilever Indonesia Plc. The value of sales growth, accounts receivable turnover and operating cash flow can explain the liquidity of PT Unilever Indonesia Plc. by 78%, while 22% is explained by other factors which are not included in this study.

Analysing the AAOIFI Sharīʿah standard on zakat

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Khurram Parvez Raja
Keyword(s):  
Financial Institutions ◽  
Islamic Law ◽  
Financial Statements ◽  
Insurance Companies ◽  
Single Individual ◽  
Content Type ◽  
Long Run ◽  
Islamic Financial Institutions ◽  
The Law ◽  
Islamic Insurance

Purpose The Sharīʿah Standard No. (35) issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) aims to identify the zakāt base for institutions (including Islamic insurance companies) as well as the subsidiary and the mother company of the institution (the company). By zakāt base, the standard means the items of financial statements that should or should not be included in the calculation of the zakāt base, and the liabilities or allocations that should or should not be deducted from zakatable assets. The standard also covers payable zakāt rates, disbursement of zakāt funds on the eight categories of zakāt recipients and the rulings pertaining to disbursement. The focus then is on companies or corporations. There is no indication in the aims as to who owns the wealth of the corporation, that is, whether it is the company itself or it is the shareholders and whether it is treated as a joint wealth of the shareholders or of a single individual in the form of the company. The author will rely on this issue as one factor on the basis of which the standard is to be judged. Design/methodology/approach Quran and hadith. Works of earlier jurists. Findings In this study, the author has summarized the provisions of zakāt according to the traditional law, but only those that are relevant for the financial institutions and the standard issued by the AAOIFI. After that, the author mentioned the major points that have been addressed by the standard. In the last section, the author has shown that the rulings of the Islamic Fiqh Academy and the AAOIFI on zakāt are totally confusing and merely a reproduction of the rulings of traditional law. The main reason for this confusion is that the nature and entity of a corporation have not been addressed and have been treated like a partnership, thus, jumbling up the entire issue of zakāt through banks. Originality/value The main purpose in undertaking this original work is to examine the AAOIFI Sharīʿah Standards from the perspective of traditional Islamic law, that is, the law of the senior schools as laid down in their authentic manuals. If there is an extensive deviation from this law, then this must be pointed out in the hope that it will be corrected by the concerned institution and the banks that adopt these standards. Neglecting such a corrective action for long will result in damage not only to these institutions in the long run but also to the law of Islam that has been so carefully crafted over centuries. The purpose is to show how far this standard deviates from traditional Islamic law and claims to be called the authentic view on a particular subject. Nevertheless, it is not the purpose of this work to explain and elaborate on the meaning and utility of these standards.

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