scholarly journals DILEMA SKIM MURÂBAHAH PADA PERBANKAN SYARIAH

2011 ◽  
Vol 35 (2) ◽  
Author(s):  
Syukri Iska
Keyword(s):  
Banking System ◽  
Specific Reference ◽  
Islamic Banking ◽  
Conventional System ◽  
The Real ◽  
Islamic Jurisprudence ◽  
Islamic Countries ◽  
Economic Transaction

<p>Abstrak: Kesemarakan pertumbuhan perbankan syariah terutama di negara- negara Muslim pada beberapa dekade terakhir tidak dapat dipungkiri. Namun di balik pertumbuhan tersebut bank syariah sering dikritik hanya sekadar ganti “baju” dengan klaim bahwa bank ini mengambil beberapa konsep dari dari bank konvensional kemudian menggantikannya dengan idiom-idiom yang ada pada fiqih muâmalah. Tulisan ini memaparkan penjelasan terhadap pertanyaan tentang keberadaan bank syariah dengan merujuk pada skimmurâbahah, bagaimana perasaan dan perbedaan antara kedua sistem Islam dan konvensional, serta implikasi sistem perbankan Islam dalam transaksi ekonomi yang menyeluruh. Penulis berargumen bahwa kendati skimmurâbahah bukan merupakan instrumen ideal untuk mencapai tujuan riil ekonomi Islam, skimmurâbahah ini ternyata mengandung banyak persoalan, terutama kalau dilihat dalam perspektif syariah secara puristik ataupun menurut paradigma tentang bank.</p><p><br />Abstract: The Dilemma of Murabahah Skim in Shari‘a Banks. The flourishing development of Shari‘a Banks especially in Islamic countries for the last few decades are undeniable. However, despite such tremendous development it has often been criticized for being only changing suit claiming that it has taken some conventional system concepts which are then modified in acoordance with idioms found in Islamic jurisprudence discourse. This paper then sheds some lights on some questions of the existence of Shari‘a Banks with specific reference to murâbahah skim, how the two system similar to or different from each other, as well as the implication of the Islamic banking system in the general economic transaction. The author argues that although the murâbahah skim is not an ideal instrument in achieving the real objective of Islamic economy, its domination as an important skim, however, seems to be in dilemmatic position between the pragmatic demands of the need of pure Shari‘a laws as a genuine reference and the role of banks should fulfil.</p><p><br />Kata Kunci: perbankan syariah,murâbahah, ekonomi Islam</p>

scholarly journals ??? ???? ??????? ??????? ?? ??????? ??????? ??? ??????? ????????? ?? ????????? ??????? ?? ??????: ????? ????? ?????? ?????

2016 ◽  
Vol 1 (2) ◽  
pp. 215
Author(s):  
Hatta Syamsuddin ◽  
Abdul Khaliq Hasan ◽  
Moh Muinudinillah
Keyword(s):  
Supervisory Board ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Finance Industry ◽  
Islamic Jurisprudence ◽  
Banking Business ◽  
Rules And Principles ◽  
Muslim Communities ◽  
Financial Transactions

The emergence of Islamic banking was considered as a response to the desire of Muslim communities to disassociate from usury (riba-based) system. The development of time increasing the diversity of financial transactions, both in trading and banking business, which has no provisions in the old sources of Islamic jurisprudence. This dangerous phenomenon was the reason for the importance of a Sharia Supervisory Board to ensure all of the banking transactions comply with the rules and principles of sharia. This research focused on the role of National Sharia Board and his methodology in the fatwa. This research uses analytical descriptive methodology. The limitations of this research were about: how the National Sharia Board played their roles in Indonesia and how the method applied by the National Sharia Board in issuing a fatwa. The research found that: the National Sharia Board in Indonesia has played their roles, especially in developing Islamic finance industry, ensuring financial and banking transaction comply with the rules and principles of sharia, and providing awareness and guidance to the Muslim communities. The issuing of fatwa on financial transactions was the authority of the National Sharia Board. The National Sharia Board hold on procedures, specific steps, and certain agreed methodology in issuing the fatwa. Nevertheless, there still some fatwas that caused controversy in the Islamic community

PROSPECTS OF ISLAMIC BANKING: REFLECTIONS FROM PAKISTAN

2011 ◽  
Vol 01 (02) ◽  
pp. 125-134
Author(s):  
Muhammad Akram ◽  
Mamoona Rafique ◽  
Hassan Mobeen Alam
Keyword(s):  
Growth Parameters ◽  
Banking System ◽  
Basic Knowledge ◽  
Islamic Banking ◽  
Muslim Country ◽  
Banking Services ◽  
And Performance ◽  
Corporate Social ◽  
Near Future

This study examines the growth and development phases as well as prospects of Islamic banking in Pakistan. The role of Islamic banking is explained with special regards to corporate social responsibility (CSR) as now days this concept is growing vastly. Awareness in public also has been growing and people are moving towards Islamic banking system. As we live in a Muslim country so it is very essential to have some basic knowledge about the Islamic banking. In this paper growth and performance of Islamic banking is discussed and compared among the financial years from 2003 to 2010 in terms of growth parameters like assets, deposits, sources and uses of funds. The performance indicators are also discussed to evaluate the growth and performance of Islamic banking system. In the last eight years, Islamic banking paved with the rapid market share of banking services. Moreover the efforts made by the central bank in Pakistan (SBP) are also remarkable in growth of Islamic banking. By seeing the present growth of Islamic banking, it is anticipated that in near future, Islamic banking with get major share in banking industry in Pakistan.

scholarly journals POSITIONING ISLAMIC LEGAL THEORY IN THE DEVELOPMENT OF ISLAMIC FINANCE

JURISDICTIE ◽  
2019 ◽  
Vol 10 (1) ◽  
pp. 18
Author(s):  
Nuha Qonita
Keyword(s):  
Islamic Law ◽  
Legal Theory ◽  
New Product ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Modern Time ◽  
Islamic Legal Theory ◽  
Islamic Jurisprudence ◽  
The World

<p>Islamic finance continues to grow over the world, the development of technology plays a crucial role to support Islamic finance. The great innovation of technology may come to dig up the potential of Islamic financing, yet digital system needs for sharia compliance, both are in similar needs for sharia overviews regardless different opinions of ijtihad in this modern time. Emphasizing case by case of Islamic finance has been done by the sharia scholars in producing the new product of Islamic banking and financing. The Islamic jurisprudence however should consider the substence and maqasid form of sharia. The objective of this paper is to enlight some vital parts of Islamic legal theory as part of Islamic law in implementing sharia compliance. Furthermore, provide the role of legal system which takes a crucial place in implementing the system, it should be harmonized in the existing condition of Islamic finance. This paper is qualitative methods with deep analysis on Islamic legal theory among muslim scholars.</p>

scholarly journals Analysis of Financial Ratio That Affecting Total Financing of Bank Umum Syariah In Indonesia

2020 ◽  
Vol 4 (2) ◽  
pp. 79
Author(s):  
Zerlinda Tharifah Ulfa ◽  
Purwanto Purwanto
Keyword(s):  
Banking System ◽  
Capital Adequacy ◽  
Islamic Banking ◽  
Financial Reports ◽  
Banking Services ◽  
Financial Ratio ◽  
Operating Income ◽  
The People ◽  
Income Ratio

<p><em>This study aimed to analyze the factors that influence the Total Financing of Bank Umum Syariah (BUS) in Indonesia. Islamic banking system in Indonesia was developed within the framework of the dual banking system to give alternatives for more complete banking services to the people of Indonesia. Islamic banking in Indonesia has grown rapidly every year, but it can not be denied the role of Islamic banking in the economy is still relatively small compared with conventional banking. The amount of total financing is only about 5,56% of the banking total credit. It can be seen also in the proportion of assets Islamic banking to national banking assets that only 4.8% and 18.75% of the total national banking accounts. The research data is taken from the financial reports of 10 of Islamic banks in Indonesia. The method used is a quantitative method and </em><em>multiple regression analysis, </em><em>proceed using </em><em>SPSS to </em><em>test normality, </em><em>multicollinearity, </em><em>heteroscedasticity</em><em> and </em><em>autocorrelation</em><em>. </em><em>The result of this research showed that the Capital Adequacy </em><em>r</em><em>atio(CAR), Non-Performing Financing (NPF), and Operating Expense Operating Income ratio (OEOI) had a significant effect on total financing. Meanwhile, Return on Asset (ROA) and Financing to Deposit Ratio (FDR) had no significant effect on the total financing of Bank Umum Syariah.</em><em> Adjusted R Square value is 0.239 or 23,9%. This value shows that the percentage of the contribution of independent variables on total financing is 23.9 %.  The remaining percentages are due to other variables excluded in this model.</em></p>

scholarly journals An Explanatory Analysis to Identify and Prioritize the Challenges of Islamic Banking Implementation: The Case of I.R. Iran

2014 ◽  
Vol 35 ◽  
pp. 45-55
Author(s):  
Seyed Reza Seyed-Javadin ◽  
Reza Raei ◽  
Mohammad Javad Iravani ◽  
Mohammad Safari
Keyword(s):  
Qualitative Method ◽  
Banking System ◽  
Islamic Banking ◽  
Practical Application ◽  
Policy Makers ◽  
The Road ◽  
Banking Activity ◽  
Islamic Jurisprudence ◽  
Using Data ◽  
Conceptual Research

Islamic banking system has emerged as a competitive and a viable substitute for the conventional banking system during the last four decades. Islamic banking is a banking activity that is accordance with the laws of Islam (Islamic jurisprudence) and its practical application is in the development of Islamic economics. For complete implementation of Islamic banking, namely transition from interest free banking system and going forward to reach the total Islamic banking system, there are challenges and problems involved. The main purpose of this research is to identify and explain the important challenges associated with IB implementation in I.R.Iran. To achieve this goal, based on the qualitative method after a detailed study of the theoretical foundation and literature review, using data obtained from interviews with experts and the convenient questionnaire, the final identified factors have been analyzed and presented in form of a conceptual research model. Experts of this research were both academicians and practitioners in the field of banking and financial system. The findings showed that significant challenges exist to establish a comprehensive system of Islamic banking; accordingly policy makers and mangers in order to succeed in this system should consider them. The convenient programs should be settled so that the problems and challenges eliminated and the road to success implementation will be paved.

scholarly journals Customer’s Intention with Moderating Role of Pricing on Islamic Personal Financing of Pakistan

2021 ◽  
Vol 5 (1) ◽  
pp. 293-308
Author(s):  
Sadia Saeed ◽  
Dr. Hina Shahab ◽  
Dr. Shehla Akhtar
Keyword(s):  
Theory Of Reasoned Action ◽  
Reasoned Action ◽  
Banking System ◽  
Subjective Norms ◽  
Islamic Banking ◽  
Pricing Policy ◽  
Two Cities ◽  
The Relationship ◽  
Moderating Role

Financial industries are rapidly accepting the Islamic banking system. Using theory of reasoned action (TRA) model the study investigates the three factors including attitude, religiosity and subjective norms in measuring the intention of customers to adopt Islamic banking products along with moderating role of pricing. The sample of 220 banks consumers from two cities of Rawalpindi and Islamabad are gathered using convenient sampling. Regression results suggest that all three factors influence the intention of customers in buying Islamic banking products. Moreover, pricing moderates the relationship in developing intention of customer to adopt Islamic personal financing in the context of religiosity.The finding of the study identifies that Islamic bankers should adopt pricing policy based upon fair practices of Shariah. In addition awareness to people about Islamic products through marketing is essential in clearing their misconceptions towards investment in Islamic products.

scholarly journals Relevance on islamic principle law with application at the field: review of islamic banking publication in Indonesia

2021 ◽  
Vol 4 (1) ◽  
Author(s):  
Prasetyono Hendriarto
Keyword(s):  
Financial Services ◽  
Banking System ◽  
Field Application ◽  
Islamic Banking ◽  
Validity And Reliability ◽  
Administrative Services ◽  
Data Coding ◽  
Advantages And Disadvantages ◽  
Sharia Law ◽  
Islamic Countries

This paper evaluates the principles, relevance, and usefulness of Islamic banking law in implementing Islamic banks' administrative system. Islamic sharia law has become a source of law in several Islamic countries. Sharia law comes from the Islamic religion, which must be applied in many sectors, including the banking system. The goal is to improve kaffah Islamic teachings in aspects of life by adhering to the Koran, a concept to be applied to many systems. Although this banking system has become a fundamental law, studies are still needed to determine the relevance, principles, and application of Islamic banking law with application in the field to see the advantages and disadvantages. An in-depth data analysis process was carried out, which included data coding, critical interpretation, and evaluation that matched the findings with the discussion topic and determined the findings' validity and reliability. Based on the literature, the findings of this study confirm that Islamic banking law has been applied correctly in the context of administrative services in the field because of the effectiveness and vision of the ummah in the context of concepts, principles, and field application; assisting public financial services in Islamic countries.

scholarly journals Presenting a Conceptual Model to Explain the Role of Strategic Management and Planning in Islamic Banking Competitiveness

2014 ◽  
Vol 37 ◽  
pp. 46-56
Author(s):  
Seyed Reza Seyed-Javadin ◽  
Reza Raei ◽  
Mohammad Javad Iravani ◽  
Mohammad Safari
Keyword(s):  
Strategic Management ◽  
Financial Services ◽  
Local Level ◽  
Banking System ◽  
Business Environment ◽  
Superior Performance ◽  
Islamic Banking ◽  
And Control

Financial system is the heart of any economy. To superior performance in the national and local level it is essential to have an efficient and convenient banking system. What this study aimed to discuss is that strategic management principles, content and benefits should be considered in order to achieve a higher successfulness in the Islamic banking planning, implementation and control. In today financial services market lack of strategic and long term visions and planning is one of the challenges and problems related to the Islamic banking. Thus this paper aimed at present the theoretical framework to illustrate the key role of strategic management and planning in the Islamic banking successful management and implementation. In order to present the framework this study using qualitative method, based on the detailed literature review and previous researches according to the identified models of both strategic management and competitive advantage final theoretical model has been provided. Strategic management with its unique features is primary designed to help the organization operate successfully in dynamic, complex environment especially in the financial and banking markets. Strategic management links the basic elements of an organization so integrated that breakthrough in turbulent business environment can be achieved.

scholarly journals PENERAPAN KEADILAN DALAM PEMBANGUNAN EKONOMI DENGAN KEBIJAKAN INVESTASI MELALUI BANK SYARIAH

2020 ◽  
Vol 4 (2) ◽  
pp. 333-356
Author(s):  
Ayu Kholifah
Keyword(s):  
Economic Development ◽  
Banking System ◽  
Investment Policy ◽  
Islamic Banking ◽  
Banking Services ◽  
Policy Model ◽  
Policy Models ◽  
Principle Of Justice ◽  
Banking Institutions

Abstract Economic development is one of the effort to realize "social justice for all Indonesian people", so the process of achieving should be pursued in a justice way, so that there is no imbalance that can make the goals not be attained maximally. Sharia Bank is the only banking system that explicitly states that banking activities are based on the justice principle.  Based on that case, this paper will discuss what is the indicator of justice and how urgent is the application of justice principle in banking activities. Then, find out what investment policy models can enhance the role of the community to contribute to development through banking institutions that have applied the principle of justice. The results showed that: first, an indicator of justice in banking activities is based on an existence of the "harm" thing, banks with riba potentially harm both the bank and the customer; secondly, choosing banking services that contain injustice is just the same to choose madharat, because injustice is zhalim; thirdly, Indonesia can implement a policy model of separating deposit and investment accounts, which in investment products the bank acts as a facilitator rather than a fund manager as in deposit accounts. Keywords: Justice, Economic Development, Islamic Banking, Investment.   Abstrak Pembangunan ekonomi adalah salah satu upaya untuk mewujudkan “keadilan sosial bagi seluruh rakyat Indonesia”, sehingga proses untuk mencapainya sudah seharusnya ditempuh dengan cara yang adil agar tidak terjadi ketimpangan yang bisa mengakibatkan tidak maksimalnya pencapaian tujuan tersebut. Bank Syari’ah merupakan satu-satunya sistem perbankan yang secara eksplisit menyebutkan bahwa aktifitas perbankan dijalankan berdasrkan prinsip keadilan.Berdasarkan permasalahan tersebut, penelitian ini akanmembahas tentang apa indikator keadilan dan bagaimana urgensi penerapan prinsip keadilan dalam aktifitas perbankan, serta menemukan model kebijakan investasi yang dapat meningkatkan peran masyarakat untuk berkontribusi dalam pembangunan ekonomi melalui lembaga perbankan yang telah menerapkan prinsip keadilan. Hasil penelitian menunjukan bahwa: pertama, indikator keadilan dalam aktifitas perbankan yaitu berdasarkan ada atau tidaknya unsur “merugikan”, bank dengan sitem ribaberpotensi merugikan baik bagi pihak bank maupun nasabah; kedua,memilih jasa perbankan yang mengandung unsur ketidakadilan sama saja dengan memilih kemadharatan, karena ketidakadilan adalah sebuah kedzaliman; ketiga, Indonesia bisa menerapkan model kebijakan pemisahan akun deposito dan investasi, yang mana dalam produk investasi bank bertindak sebagai fasilitator bukan pengelola dana seperti dalam deposito. Kata kunci: Keadilan, Pembangunan Ekonomi, Bank Syari’ah, Investasi.

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