scholarly journals KEWENANGAN PENGADILAN NEGERI DALAM MEMUTUS SENGKETA LELANG PERBANKAN SYARIAH

2019 ◽  
Vol 3 (1) ◽  
pp. 125-144
Author(s):  
Grace Immanuel Limongan
Keyword(s):  
Financial Institutions ◽  
Poverty Alleviation ◽  
Profit Sharing ◽  
Economic Stability ◽  
Banking Institutions ◽  
The Government ◽  
Conventional Banks ◽  
Conventional Systems ◽  
Economical Growth ◽  
Economy System

One of the important solutions that must be considered by the government in recovering Indonesian economy is implementing sharia economy. Sharia economy has a strong commitment on poverty alleviation, enforcement of justice, economical growth, elimination of usury and prohibition of currency speculation, thus creating economic stability. Sharia economy which emphasizes justice, teaches concepts that excel in dealing with monetary turmoil compared to conventional systems. This fact has been widely acknowledged by many global economic experts, such as Rodney Shakespeare (United Kingdom), Volker Nienhaus (Germany), etc. Going forward, government must pay more attention to the sharia economy system that has been proven to be effective and more resistant in crisis. Sharia economy system represented by sharia banking institutions have shown to be resilience since it uses a profit sharing system, so that it does not experience negative spread as other conventional banks are. In fact, sharia banking grows in difficult times.Meanwhile, large banks experienced severe downturn which ended in liquidation, some other conventional banks were forced to be recapitulated by the government in a large amount. The budget funds that should be prioritized alleviate people’s poverty, was used to help conventional banks. This is the fact that happens when still using and hold ribawi sharia economics. Therefore, the government is now more concerned with the development of sharia economics in Indonesia, both through ratification of laws and by establishing sharia financial institutions

scholarly journals CONVERTING CONVENTIONAL BANKS TO SHARIA BANKS IN ACEH: AN EFFORT TO MAINTAIN A STABLE ECONOMY IN THE COVID-19 OUTBREAK

2021 ◽  
Vol 10 (1) ◽  
pp. 24
Author(s):  
Iskandar Budiman
Keyword(s):  
Financial Institutions ◽  
Global Economy ◽  
Human Life ◽  
Growth Conditions ◽  
Islamic Banking ◽  
Economic Downturn ◽  
Economic Activities ◽  
Sharia Law ◽  
The Government ◽  
Conventional Banks

Based on Aceh Qanun (sharia law) No.11 of 2018 concerning Islamic Financial Institutions, it is required to carry out financial activities based on sharia principles. The decline of the global economy during the Covid-19 outbreak did not dampen the Aceh Government, which declared itself a special province practicing sharia values. Apart from aiming to make a purely Sharia-based region, the conversion of conventional banks to sharia banks is also to stabilize the economy. This study aims to analyze (1) the growth conditions of Islamic banking in Indonesia, (2) the legalization of the Aceh Government Qanun in determining financial institutions operating in Aceh, and (3) the resilience of Islamic banking in facing the global economic downturn during the Covid-19 pandemic. The analysis method used is literature and regulation review. The conclusion that the decentralization system implemented by the Indonesian Government in Islamic banking has not been able to maximize the growth of Islamic banking in Indonesia. Aceh Province, the only province in Indonesia that implements Sharia Law through special autonomy, has its own economic system. The Aceh government issued a Qanun, which obliged economic activities based on sharia principles. Based on Qanun No. 11 of 2018, the operation of Banks in Aceh must be in accord with Sharia. Therefore, entering 2020, the Islamic economy has been running almost perfectly in Aceh by changing conventional banking operations into Islamic banking. Furthermore, Islamic banking in Indonesia can still maintain stable growth when the Indonesian economy slides sharply in the second quarter of 2020 to minus 5.32 percent. This fact proves that increasing the growth of Islamic banking is an important thing to do. The Government should be serious and more consistent in maintaining economic stability and achieving the purposes (maqashid) of Sharia in human life.========================================================================================================ABSTRAK – Konversi Bank Konvensional Menjadi Bank Syariah di Aceh: Upaya Menjaga Stabilitas Perekonomian dalam Wabah Covid-19. Qanun (undang-undang syariat (Islam)) Aceh No 11 Tahun 2018 tentang Lembaga Keuangan Syariah, secara tegas telah mewajibkan lembaga keuangan yang beroperasi di Aceh untuk melaksanakan kegiatannya berdasarkan prinsip syariah. Penurunan ekonomi global di masa pandemi covid-19 tidak menyurutkan langkah Pemerintah Aceh dalam mengimplementasikan kebijakan mensyariahkan seluruh lembaga dan institusi yang berada di Aceh. Walaupun berada di dalam sebuah negara yang tidak menganut paham syariah, Provinsi Aceh telah menyatakan dirinya sebagai sebuah wilayah berkedaulatan syariah Islam. Selain bertujuan untuk menjadikan wilayah yang murni berbasis syariah Islam, konversi bank konvesional menjadi syariah juga bertujuan untuk menstabilkan perekonomian. Penelitian ini bertujuan untuk menganalisis (1) kondisi pertumbuhan perbankan syariah di Indonesia, (2) legalisasi Qanun Pemerintah Aceh dalam menentukan lembaga keuangan yang beroperasi di Aceh, dan (3) ketahanan  perbankan syariah dalam menghadapi penurunan perekonomian global di masa pandemi Covid-19. Studi ini menggunakan metode kajian literatur dan analisis regulasi yang menghasilkan kesimpulan yaitu sistem desentralisasi yang dilakukan Pemerintah Indonesia pada perbankan syariah belum dapat memaksimalkan pertumbuhan perbankan syariah di Indonesia. Provinsi Aceh sebagai satu-satunya provinsi di Indonesia yang menjalankan Syariat Islam melalui otonomi khusus mempunyai sistem perekonomian tersendiri. Pemerintah Aceh mengeluarkan qanun yang mewajibkan seluruh kegiatan perekonomian harus berlandaskan prinsip syariah. Berdasarkan Qanun No. 11 Tahun 2018, setiap perbankan yang beroperasi di Aceh haruslah berbentuk syariah. Oleh sebab itu memasuki tahun 2020, perekonomian Islam hampir sempurna telah berjalan di Aceh salah satunya dengan berubahnya operasional perbankan konvensional menjadi perbankan syariah di Provinsi Aceh. Selanjutnya, Perbankan syariah di Indonesia masih mampu menjaga kestabilan pertumbuhannya di saat perekonomian Indonesia meluncur tajam di kuartal II 2020 hingga minus 5,32 persen. Hal ini membuktikan bahwa meningkatkan pertumbuhan perbankan syariah merupakan hal yang penting dilaksanakan, memerlukan keseriusan dan konsistensi terus menerus dari pemerintah demi menjaga kestabilan ekonomi makro dan akan tercapai maqashid syariah pada semua lini kehidupan.

scholarly journals Tantangan Konversi Bank Konvensional Menjadi Bank Syariah di Aceh Berdasarkan Qanun Lembaga Keuangan Syariah No 11 Tahun 2018

2020 ◽  
Vol 3 (2) ◽  
pp. 229
Author(s):  
Rahmawati Rahmawati ◽  
Khairul Putriana
Keyword(s):  
Financial Institutions ◽  
Banking Industry ◽  
Financial Institution ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Banking Institutions ◽  
Conventional Banks ◽  
Conventional Bank

<p><em>The presence of the Islamic Financial Institution Qanun No 11 </em><em>in </em><em>2018 is a special right for Aceh and has brought a breath of fresh air to the development of the Islamic banking industry in Aceh, a number of conventional banks in Aceh are required to convert to Islamic banks, The purpose of this study is to explain the procedure for accelerating the conversion of unconventional banks to Islamic banks in Aceh and to explain the challenges of banking institutions with the obligation to convert financial institutions in Aceh. The obligation to convert a conventional bank into a sharia bank is clearly as stipulated in article 6 points e and d, although the process of converting a conventional bank to a sharia bank is not found directly in the qanun, but every bank that does the conversion must refer to BI regulations namely PBI No. 11 / 15 / PBI-2009, this is as explained in article 12 "before carrying out business activities, LKS must have a business license in accordance with the provisions of the legislation".</em></p><br /><p> </p>

scholarly journals Analisis Data Anggaran Pendapatan Belanja Daerah Menggunakan Clustering K-Means dan Forecasting (Studi Kasus pada DPKA Kota Padang)

2014 ◽  
Vol 2 (1) ◽  
Author(s):  
Hafilah Hamimi ◽  
Yeka Hendriyani ◽  
Dony Novaliendry
Keyword(s):  
Data Mining ◽  
Linear Regression ◽  
Multiple Linear Regression ◽  
Data Warehouse ◽  
Financial Institutions ◽  
Data Archive ◽  
Economic Stability ◽  
Detailed List ◽  
The Government ◽  
Archive Data

APBD is a systematic detailed list of receipts, expenditures and local spending within a certain period ( 1 year ) arranged in Permendagri No. 16 of 2006, so that the data APBD can be used as guidelines for governments and local expenditures in carrying out activities to raise revenue to maintain economic stability and to avoid inflation and deflation. Government financial institutions in areas such as DPKA Padang, experienced difficulties in identifying the relevance of each archive data on a APBD that so much, that results in a data warehouse, in addition to the administration, APBD in the government of Padang have not been effective. To minimize the difficulty in identifying heap data archive APBD, then the data warehouse can be used to produce a knowledge that by using the techniques of Data Mining ( DM ), the method used is clustering and forecasting, clusterisasi performed using the K-Means Algorithm while for forecasting with multiple linear regression. With this method intended to classify and identify the data in the budget that have certain characteristics in common, and can predict the value of APBD in the future .Keywords : Clustering, K - Means, Forecasting.

scholarly journals Urgensi Sumber Daya Insani Dalam Institusi Perbankan Syariah

2018 ◽  
Vol 3 (1) ◽  
pp. 93
Author(s):  
Yutisa Tricahyani
Keyword(s):  
Human Resources ◽  
Financial Institutions ◽  
Work Ethic ◽  
Descriptive Analysis ◽  
Human Resources Development ◽  
Islamic Banks ◽  
Islamic Work Ethic ◽  
Banking Institutions ◽  
Conventional Banks

Abstract: This article analyzes the concept of human resources in sharia banking financial institutions. Human resources are considered one of important component in sharia banking institutions. Nowadays, the Islamic banks have found difficulty in finding competent and qualified human resources. They recruit human resources from the conventional banking. Descriptive analysis was employed as research design for scrutinizing the importance of human resources in the current sharia banking. The results of this study indicate that the existences of human resources in sharia banking are taken from the employees in conventional banks. Therefore, they less competent in the field of Shariah banking in particular. Human resources development is demanded for improving the quality of human resources itself. It implied that it will create qualified, skillful, competent human resources as well as have the expected work ethic. Due to the existence of Islamic work ethic and culture, it will produce good manners (akhlaqul karimah) in sharia banking institution.Abstrak: Artikel ini menganalisis tentang konsep sumber daya insani di lembaga keuangan perbankan syariah. Sumber daya insani merupakan komponen yang wajib ada dalam institusi perbankan syariah. Selama ini, pihak perbankan syariah mengalami kesulitan dalam mencari sumber daya insani yang berkompeten dan mumpuni. Mereka merekrut sumber daya insani dalam institusi perbankan syariah, justru mengambil  dari sumber daya insani perbankan konvensional. Dalam artikel ini, metode penelitian yang digunakan adalah deskriptif analisis. Merupakan suatu metode penelitian yang mendeskriptifkan bagaimana urgensi sumber daya insani dalam perbankan syariah saat ini. Dari deskripsi gambaran-gambaran dan masalah perbankan syariah yang ada, kemudian dianalisis dan dideskripsikan berdasarkan fakta-fakta atau kenyataan di lapangan. Hasil penelitian ini menunjukkan bahwa yang terjadi selama ini hanyalah perpindahan pegawai dari bank konvensional ke bank syariah. Sehingga yang terjadi adalah kurang kompetennya sumber daya insani tersebut dibidang perbankan syariah secara khusus. Pengembangan sumber daya insani perlu dilakukan untuk meningkatkan mutu atau kualitas dari sumber daya insani itu sendiri. Hal ini dilakukan untuk memenuhi kebutuhan sumber daya insani yang masih jauh dari kata cukup. Dengan adanya pengembangan sumber daya insani, akan melahirkan insan-insan yang berkualitas, kompeten dan memiliki etos kerja yang diharapkan. Dengan adanya etos kerja islami dan budaya kerja islami,akan menghasilkan insan lembaga perbankan syariah yang berakhlakul karimah.

scholarly journals Data Mining for Clustering Revenue Plan Expense Area (APBD) by using K-Means Algorithm

2017 ◽  
Vol 2 (1) ◽  
pp. 87
Author(s):  
Wahyudin Wahyudin ◽  
I Putu Ari Wijaya ◽  
Ida Bagus Alit Swamardika
Keyword(s):  
Data Mining ◽  
Linear Regression ◽  
Multiple Linear Regression ◽  
Data Warehouse ◽  
Financial Institutions ◽  
Data Archive ◽  
Economic Stability ◽  
Detailed List ◽  
The Government ◽  
Archive Data

APBD is a systematic detailed list of receipts, expenditures and local spending within a certain period ( 1 year ) arranged in Permendagri No. 16 of 2006, so that the data APBD can be used as guidelines for governments and local expenditures in carrying out activities to raise revenue to maintain economic stability and to avoid inflation and deflation. Government financial institutions in areas such as DPKA kota Bima, experienced difficulties in identifying the relevance of each archive data on a APBD that so much, that results in a data warehouse, in addition to the administration, APBD in the government of Kota Bima have not been effective. To minimize the difficulty in identifying heap data archive APBD, then the data warehouse can be used to produce a knowledge that by using the techniques of Data Mining ( DM ), the method used is clustering and forecasting, clusterisasi performed using the K-Means Algorithm while for forecasting with multiple linear regression. With this method intended to classify and identify the data in the budget that have certain characteristics in common, and can predict the value of APBD in the future.

scholarly journals INCORPORATING MUDARABAH INSTRUMENT AS A MEANS FOR POVERTY ALLEVIATION IN NIGERIA

2019 ◽  
pp. 101-112
Author(s):  
Ishaaq El-Mubarak, A.M.O. ◽  
Abdul Majid Tahir Mohamed
Keyword(s):  
Financial Institutions ◽  
Poverty Alleviation ◽  
Profit Sharing ◽  
Islamic Banking ◽  
Ordinary People ◽  
Rich People ◽  
Islamic Financial Institutions ◽  
Late Discovery ◽  
Almost All ◽  
Full Cooperation

Mudarabah refers to a partnership investment where Rabb-ul-mal (financial provider) provides the fund to mudarib (entrepreneur) so that the latter may invest the fund in profitable commercial joint-ventures or economic enterprises. Mudarabah products are very significant and offered by almost all Islamic financial institutions. This kind of partnership-investment product is yet to be included as a major instrument to be implemented under poverty alleviation programs. Historically, poverty mitigation schemes have been implemented since the birth of independence in Nigeria. Late discovery of Islamic banking concept and products across the nation imparted several challenges on the economy of the country. Different programs had been introduced with the goal of reducing poverty in Nigeria, but none of them showed a significant success. Thus, this paper aims at adopting the mudarabah instrument into the existing schemes with the hope that poverty will be significantly reduced amid society. The paper is qualitative-based research. It uses various documents and content analysis approach to understand and analyze the process of incorporating the mudarabah instrument into poverty alleviation programs across the country. Findings showed that the agenda of reducing poverty is achievable if financial institutions and depositors can give their full cooperation on one edge, and proffer their maximum support in incorporating mudarabah instrument on the other. In light of this, this paper proposes that mudharabah, which is essentially a profit-sharing contract of Islamic banking, should be extended to the ordinary people so that they will become independent in their sustenance. Also, with the implementation of this free-interest mechanism, rich people will be relieved from direct extreme demands with no ideas and projects. Therefore, with a view of moving the country forward economically, people just need to overlook any religion propagating an idea and concentrate on the benefits the instrument will result in after its implementation.

scholarly journals ANALISIS PENERAPAN METODE RGEC GUNA MENILAI TINGKAT KESEHATAN PERBANKAN SYARIAH TAHUN 2015-2017 (STUDI KASUS PADA PT. BANK CENTRAL ASIA SYARIAH)

2020 ◽  
Vol 17 (1) ◽  
pp. 34
Author(s):  
Ratna Kurnia Sari ◽  
Husni Mubarok
Keyword(s):  
Central Asia ◽  
Profit Sharing ◽  
Islamic Banks ◽  
Economic Progress ◽  
Good Corporate Governance ◽  
Health Level ◽  
Healthy State ◽  
Rank 2 ◽  
The Government ◽  
Conventional Banks

In the economic system, banking has an important role in, supporting the economic progress of a country. In Indonesia alone, banking is known to be of two types, namely conventional banks and Islamic banks. Conventional banks usually refer to the interest system, which is most likely to be affected by the crisis. Whereas Islamic banks refer more to the profit sharing system and approach the community and reduce the risk or monetary fluctuation. The purpose of this study was to look at the health level of PT. Bank Central Asia Syariah using the RGEC method which includes risk profile, good corporate governance, earning and capital for 3 years. The result of the study in general showed that the health level of PT. Bank Central Asia Syariah in term of RGEC in 2015-2016 is in the position of composite rank 3 in a fairly healthy condition. Whereas in 2017 it was in the position of composite rank 2 in a healthy state. And to maintain public trust as the owner of the funds, stakeholders, and the government as supervisors, PT. Bank Central Asia Syariah is expected to be able to improve the ability of assets, capital management, and operational income, so that the quality of bank profits can be maintained and even improved. Keywords                   : Analysis, PT. Bank Central Asia Syariah, RGEC Method

Analisis Kontrak Ijarah

2018 ◽  
Vol 4 (2) ◽  
pp. 201-213
Author(s):  
Puji Kurniawan
Keyword(s):  
Financial Institutions ◽  
Profit Sharing ◽  
Fundamental Difference ◽  
Human Needs ◽  
The People ◽  
Islamic Financial Institutions

Humans are social creatures who need each other to socialize or to fulfill their needs, such as primary, secondary and tertiary needs. In this life there are 2 (two) groups of people, namely groups of people who are overfunded and those who are underfunded. Therefore, banks and non-bank financial institutions have emerged as intermediaries between the 2 (two) groups of the people so that the balance can occur in meeting the needs of each life. In Indonesia, there are many conventional and sharia bank and non-bank financial institutions that provide financing services to meet human needs. The fundamental difference between conventional and Islamic financial institutions is the use of the interest system which is usury in conventional financial institutions and the use of profit sharing systems in Islamic financial institutions.

Domestic Resource Mobilisation: A Structural Approacb

1993 ◽  
Vol 32 (4II) ◽  
pp. 1067-1078
Author(s):  
Saleem M. Khan
Keyword(s):  
Economic Growth ◽  
Financial Institutions ◽  
Foreign Assistance ◽  
High Rate ◽  
Domestic Saving ◽  
Capital Investments ◽  
External Resources ◽  
Private And Public ◽  
The Government ◽  
Enhance Efficiency

The Mobilisation of domestic resources and their efficient utilisation are two of the most crucial tasks in revitalising the economy of Pakistan. Historically, low saving fotmation and relatively higher targets of investment and economic growth made it imperative to depend on external resources. Despite heavy domestic borrowing from both private and public sectors, there still has remained an unmet resource gap that has necessitated dependence on foreign capital. I In recent years, the sources of foreign assistance have become scarce due to a growing shortage in world saving and growing domestic demand for budget appropriations in the western countries. If economic growth in Pakistan is to be sustained and selfgenerating, investment in physical and human development must be increased and mad more efficient. To meet this challenge, most of the capital will have to come from domestic sources. Hence, the focus of this paper is on harnessing domestic efforts to increase saving formation and to enhance efficiency of capital investments. Traditionally, the government of Pakistan has relied on conventional approaches to increasing domestic saving. First, the government has been encouraging greater saving by the private sector through a package of national saving schemes and by allowing financial institutions to introduce saving incentives. Saving-schemes and saving incentives have not produced satisfying results. Table 1 shows saving and investment in selected South Asian countries. Saving in Pakistan is very low and, indeed, among the lowest even when compared with neighbouring and other developing countries. Explanations of this failure include the low levels of income and high rate of inflation in the country.2 Moreover, the financial institutions have in general remained inefficient.

scholarly journals The Sustainable Development of Financial Topic Detection and Trend Prediction by Data Mining

2021 ◽  
Vol 13 (14) ◽  
pp. 7585
Author(s):  
Yunmei Liu ◽  
Shuai Zhang ◽  
Min Chen ◽  
Yenchun Wu ◽  
Zhengxian Chen
Keyword(s):  
Data Mining ◽  
Supply Chain ◽  
Financial Institutions ◽  
Clustering Algorithm ◽  
Development Trend ◽  
Research Field ◽  
Trend Prediction ◽  
Blockchain Technology ◽  
Supply Chain Finance ◽  
The Government

Blockchain technology is the most cutting-edge technology in the field of financial technology, which has attracted extensive attention from governments, financial institutions and investors of various countries. Blockchain and finance, as an interdisciplinary, cross-technology and cross-field topic, has certain limitations in both theory and application. Based on the bibliometrics data of Web of Science, this paper conducts data mining on 759 papers related to blockchain technology in the financial field by means of co-word analysis, bi-clustering algorithm and strategic coordinate analysis, so as to explore hot topics in this field and predict the future development trend. The experimental results found ten research topics in the field of blockchain combined with finance, including blockchain crowdfunding, Fintech, encryption currency, consensus mechanism, the Internet of Things, digital financial, medical insurance, supply chain finance, intelligent contract and financial innovation. Among them, blockchain crowdfunding, Fintech, encryption currency and supply chain finance are the key research directions in this research field. Finally, this paper also analyzes the opportunities and risks of blockchain development in the financial field and puts forward targeted suggestions for the government and financial institutions.

Sign in / Sign up

Export Citation Format

Share Document