PETA KEKUTAN EKONOMI SYARIAH DALAM MENGHADAPI MASYARAKAT EKONOMI ASEAN (MEA)

ALQALAM ◽  
2015 ◽  
Vol 32 (2) ◽  
pp. 331
Author(s):  
Itang Itang
Keyword(s):  
Free Market ◽  
Islamic Finance ◽  
Islamic Banks ◽  
Economic Community ◽  
Financial Industry ◽  
Muslim Population ◽  
The People ◽  
Islamic Financial Institutions ◽  
Asean Economic Community ◽  
Islamic Economic

This paper examines the economic power of sharia that is not only able to survive but also can grow in the free market zone in Southeast Asia (ASEAN Economic Community (AEC)). The Islamic economic strength in Indonesia can be based on several reasons namely: 1). Muslim population. As the country with the largest Muslim population of about (87-90%), Indonesia should be the pioneer and the great power of Islamic finance in the world 2). Inherent Islamic doctrine and human resources. 3). Regulation of Islamic Economics as a tool that can legalize all policies the implementation of Islamic Economics. 4). Actors of Islamic Economics that come from various backgrounds such as practitioners, academics and customers. 5). Islamic Financial Industry Development. According to the data from Bank Indonesia in October 2013, there are 11 Islamic Banks, 23 Islamic Banks in the form of Sharia Business Unit , and 160 small sharia banks that distribute the fund for the people. Islamic banking assets currently has reached Rp. 228 trillions. The development of Islamic financial institutions does not only reach Islamic banks but also Islamic non­ banks such as insurance and pawnshop. Therefore we  are optimistic that sharia economy can grow in ASEAN Economic Community (AEC).Key word: sharia economy , islamic finance, AEC , ASEAN ,

Value- based Islamic banking and reporting in Bahrain

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Akhtar Ali Saeed Mohammed ◽  
Fadillah Mansor
Keyword(s):  
Annual Reports ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Reporting Standard ◽  
Content Type ◽  
Islamic Financial Institutions ◽  
Islamic Economic ◽  
Practical Implications ◽  
Specific Contribution

Purpose This paper aims to analyse whether the practices of Islamic banks in Bahrain are in line with value-based Islamic banking (VBIB) and reporting disclosure in the annual reports towards achieving their fundamental objectives of human-centred economic development and social justice. Design/methodology/approach Based on Islamic finance, Islamic economic principles and perception of Maqasid al-Shari’ah, this paper examines and assesses the current practices of Islamic financial institutions (IFIs) in Bahrain through content analysis of financial and annual reports of Islamic banks in Bahrain and interviews of Islamic banking experts. Findings The findings reveal that value-based banking (VBB) has not been translated fully into practice by the Islamic banks in Bahrain. Research limitations/implications The data analysis was restricted to Islamic banks in Bahrain. Practical implications This paper identifies the need for reporting standard development to improve the VBB practice in Bahrain in the future. Looking at the objectives of the IFIs, this paper introduces the concept of VBB in Bahrain, which includes ethical banking, responsible banking and social responsibility. The study adds value not only to the current Islamic finance literature but also helps many stakeholders, including prospective academics, who may conduct comparative studies in different jurisdictions throughout the world. Originality/value The specific contribution of this paper is the identification of the VBB practices and related disclosure in the Islamic banking industry in Bahrain. The study is useful to harmonise and standardise the practices of VBIB by the contemporary Islamic banks in Bahrain.

scholarly journals The Regulation of Islamic Finance in the United Kingdom

2010 ◽  
Vol 13 (1) ◽  
pp. 69-77 ◽  
Author(s):  
Jonathan Ercanbrack
Keyword(s):  
United Kingdom ◽  
Financial Institutions ◽  
Islamic Finance ◽  
Islamic Banks ◽  
Financial Industry ◽  
Religious Dimension ◽  
The United Kingdom ◽  
Islamic Financial Institutions

This article examines the unique risks associated with Islamic financial institutions and the secular state's reticence to directly regulate their religious dimension. It argues that the state's method of regulating the Islamic financial industry ignores special reputational risks associated with the religious and cultural distinctiveness of Islamic banks.

scholarly journals Strengthening the Rural Women's Entrepreneurship Spirit in Facing the Asean Economic Community (Da'wah in the Economic Context of Society)

2018 ◽  
Vol 10 (1) ◽  
pp. 175-195
Author(s):  
Sabiruddin B Juli
Keyword(s):  
Rural Communities ◽  
Economic Activity ◽  
Qualitative Method ◽  
Free Market ◽  
Economic Community ◽  
Economic Context ◽  
The People ◽  
Asean Countries ◽  
The Government ◽  
Asean Economic Community

This article reports the results of a study on how to fill the free market program of ASEAN Economic Community (AEC). Indonesia has significant demographic bonus when compared to other ASEAN countries, so that specifically Indonesia will become an easy target for economic activity (read: free market flow transactions) carried out by all members of ASEAN. Demographic bonus is an opportunity and challenge for the Indonesian people, both for those who live in cities or in the countryside. This condition will be more complicated, if the mapping potential of the population does not become a serious concern for the government and stakeholders so that the people of Indonesia will become the largest consumer for products of ASEAN countries. One of the potential populations of Indonesia is women, because they have specific skills that are able to be directed towards an income. The purpose of this study is to prepare the people of Indonesia who have the skills, especially women in entering the AEC both urban and rural communities. This study uses a qualitative method of observation, interviews and review of documents, such as books, newspapers and others.

scholarly journals DEVELOP QUALITY PEOPLE THROUGH DA’WAH IN THE FACE OF THE ASEAN ECONOMIC COMMUNITY (AEC)

ADDIN ◽  
2016 ◽  
Vol 10 (2) ◽  
pp. 449
Author(s):  
Mubasyaroh Mubasyaroh
Keyword(s):  
Free Market ◽  
Economic Capital ◽  
Economic Community ◽  
Free Markets ◽  
Goods And Services ◽  
The People ◽  
The World ◽  
The Face ◽  
Asean Economic Community

Recent decades, we often hear the advent of the Asean Economic Community (AEC) which is a community that is struggling in the field of free market economies in particular, so it requires some readiness; economic, capital, and the equally important need readiness of human resources as the party who run the economy. For Indonesia alone, MEA will be an opportunity for trade barriers will tend to diminish even be non-existent. This will impact on increasing exports, which in turn will increase the GDP of Indonesia. On the other hand, the Muslims as the vast majority of Indonesia's population must face the Asean Economic Community (AEC). In this case Indonesian Muslims should be careful and ready to face the AEC. Campaigners Indonesian economy began to prepare for the era of free markets that will be enforced. The era of the free market itself is the result of the formation of the Asean Economic Community (AEC). The free market itself covering the areas of capital, goods and services, and labor. In this regard, please note that the mission is a process conducted by a conscious and planned to invite the people to the path of Allah, to improve the situation for the better (da’wah is the promotion and development) in order to achieve certain goals, namely to live happily in the world hereafter. In this paper will attempt to peel da’wah efforts in developing the quality of the people in the face of the Asean Economic Community (AEC).

scholarly journals MUSYARAKAH FINANCE PROSPECT IN ISLAMIC BANK IN THE FACE OF ASEAN ECONOMIC COMMUNITY (MEA)

ADDIN ◽  
2016 ◽  
Vol 10 (2) ◽  
pp. 379
Author(s):  
Ahmad Supriyadi
Keyword(s):  
Customer Service ◽  
Free Market ◽  
Islamic Banks ◽  
Economic Community ◽  
Business World ◽  
Political Policy ◽  
Central Java ◽  
The Face ◽  
Asean Economic Community ◽  
Banking Institution

In the era of Dutch colonial, the majority of entrepreneurs in Central Java and Yogyakarta come from the students. But after Indonesian independence, the students did not show up in the business world because of political policy. Nowadays the entrepreneur students bounced back with Islamic banks that one of its products is a Musharakah finance. Musharakah finance deal with the birth of the free market, namely the ASEAN Economic Community so that the question arises how the prospect Musharakah finance in Indonesian Islamic banks of facing the ASEAN Economic Community (AEC). This paper aims to describe the prospect of Musharakah finance to face AEC. The results showed that the Musharakah finance has a lot of prospects such as financing products that can be performed well and have a competitive value because it has a solid legal basis. From the network side, Islamic banks have been supported by a network offices that much better at home and abroad with excellent quality customer service. In addition, the presence Bank Indonesia blueprint of the Islamic banking institution can strengthen the Musharakah finance products so that can be applied in the ASEAN Economic Community (AEC).

Legal Origin, Institutional Quality, and Islamic Finance Development: Does Shari’a Matter?

2020 ◽  
Vol 13 (2) ◽  
pp. 345-369
Author(s):  
Rihab Grassa
Keyword(s):  
Financial Development ◽  
Legal System ◽  
Civil Law ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Financial Industry ◽  
Legal Origin ◽  
Muslim Population ◽  
Legal Origins ◽  
Shari'a Law

AbstractPrevious studies on financial development have shown that differences in the legal origin explain differences in financial development. Using historical comparisons and cross-country regressions for 40 countries observed for the period from 2005 to 2018, our research assesses how different legal origins have affected the development of Islamic finance worldwide. More particularly, our research assesses empirically why and how the adoption of Shari’a, wholly or partially (combined with common or civil law), could explain the level of development of Islamic finance in different jurisdictions. Our primary results show that countries adopting a Shari’a legal system have a very well-developed Islamic financial system. Moreover, countries adopting a mixed legal system based on common law and Shari’a law have sufficient flexibility within their legal systems to make changes to their laws in response to the changing socioeconomic conditions, and this has helped the development of the Islamic financial industry. However, countries adopting a mixed legal system based on both civil law and Shari’a law appear less flexible in making changes to their old laws and this thwarted the development of the Islamic financial industry in these countries. Furthermore, we have found that the concentration of a Muslim population (the percentage of Muslim population) along with the level of income have both had a positive effect on the development of Islamic banking assets and on the development of Islamic banking as a whole.

scholarly journals Potential Conflict Among ASEAN Member States in The Implementation of The ASEAN Economic Community

2017 ◽  
Vol 20 (3) ◽  
pp. 236
Author(s):  
Sugiarto Pramono ◽  
Anna Yulia Hartati ◽  
Adi Joko Purwanto
Keyword(s):  
Free Market ◽  
Structural Realism ◽  
Southeast Asian ◽  
Economic Community ◽  
Potential Conflict ◽  
Common Assumption ◽  
Asean Member ◽  
Conflict Situations ◽  
The Common ◽  
Asean Economic Community

The findings in this article defy the common assumption that the free market, including the formation of the ASEAN Economic Community (AEC) in Southeast Asia, is correlated with the creation of a spillover and complex interdependency, reducing conflicts between countries in the region. This finding could well contribute as a theory in the academic sphere and as policies in the practical world. The author uses a theoretical framework of structural realism to explain the potential conflict between countries of the Southeast Asian region. There are four potential conflict situations among countries in the implementation of AEC: firstly, the structure of economic disparity. This situation would construct an identity of in-group – out-group or “us” versus “them” in the context of who gains and loses in the AEC. Secondly, similarity of natural resources. This fact led the Southeast Asian countries to compete and create standardization wherein each party is in hostile competition to claim valid findings and arguments associated with efforts to reduce or stop the flow of imports into their respective countries. Thirdly, competition among businesses, in which AEC constructed free market could potentially provoke the emergence of regional trading cartel. Fourthly, the structure of military power. Historical records show that any economic growth occurring in a country will be accompanied by the growth of its military budget.

scholarly journals Masyarakat Ekonomi Asean (MEA) dan Bahasa Inggris: Meninjau Kemampuan Bahasa Inggris Mahasiswa Perbankan Syariah dalam Menghadapi MEA

2019 ◽  
Vol 3 (2) ◽  
pp. 75
Author(s):  
Widya Syafitri
Keyword(s):  
Free Market ◽  
Opportunity To Learn ◽  
Economic Community ◽  
Important Lesson ◽  
The Third ◽  
Asean Country ◽  
Asean Economic Community ◽  
Support Students

<em></em><p class="abstrak"><em>ASEAN Economic Community (AEC) has been popular since 2016. Therefore, many preparations have already been done by all sectors to makeup this free market. Europe Economic Community has preceeded the famous of AEC. Thus, related to readiness, this article aimed at finding out the alertness that the third semester of Syariah Banking students of IAIN Bukittinggi have already prepared, especially their English ability to struggle with other country in ASEAN. The data of this research was gotten and analyzed quantitatively, by distributing questionnaire to the third semester of Syariah Banking students of IAIN Bukittinggi. The finding showed that the students had not been able to compete with other nations in ASEAN country since English did not become the important lesson for them and it was strengthen the curriculum of syariah banking does support students’ opportunity to learn English more.</em><em></em></p><p class="abstrak" align="left"> </p><p>Masyarakat Ekonomi Asean (MEA) sudah <em>booming </em>dari awal tahun 2016 yang lalu. Sehingga sudah banyak persiapan yang dilakukan oleh semua sektor untuk menghadapi pasar bebas ini.  Ketenaran istilah ini sebelumnya telah didahului oleh pasar bebas di Eropa atau lebih dikenal  Masyarakat Ekonomi Eropa (MEE). Terkait dengan persiapan, maka tulisan bertujuan untuk melihat persiapan yang telah dilakukan oleh mahasiswa semester III Perbankan Syariah IAIN Bukittinggi, khususnya tentang kemampuan bahasa Inggris mereka dalam rangka kesiapan mahasiswa dalam bersaing dengan bangsa yang ada di ASEAN. Data dalam penelitian ini dikumpulkan dan diolah secara kuantitatif, yaitu dengan menyebarkan angket kepada mahasiswa semester III Perbankan Syariah IAIN Bukittinggi. Hasil penelitian menunjukkan bahwa kemampuan bahasa Inggris mahasiswa Perbankan Syariah belum mampu bersaing dengan bangsa lain yang tercakup dalam negara ASEAN.</p>

scholarly journals Sosialisasi Literasi Keuangan Syariah Pada Anak Usia Dini

2020 ◽  
Vol 3 (2) ◽  
pp. 136
Author(s):  
Peni Haryanti ◽  
Athi’ Hidayati ◽  
Iesyah Rodliyah ◽  
Choirun Nisful Laili ◽  
Sari Saraswati
Keyword(s):  
Community Service ◽  
Financial Literacy ◽  
Positive Response ◽  
Islamic Finance ◽  
Second Phase ◽  
Muslim Population ◽  
The Public ◽  
The World ◽  
Islamic Financial Institutions ◽  
Implementation Stage

Indonesia is a country with a majority Muslim population. In terms of quantity, it has big potential as a center for the development of Islamic finance. The lack of Islamic financial literacy has made the public do not understand the importance of Islamic financial institutions in terms of both the benefit of the world and the hereafter. The method of implementing this activity is carried out in four stages, namely (1) Planning, (2) Preparation, (3) Implementation, and (4) Evaluation Implementation. At the implementation stage, socialization of sharia financial literacy is carried out to students, teachers and guardians of students and mentoring. The results obtained from community service are the first percentage of understanding and knowledge of financial literacy which increased from 56,5% to 85% both students, teachers and guardians of students viewed from the results of the pretest and posttest that have been given. Secondly, during the mentoring the participants gave a positive response with a percentage of 86% and 100% interested in participating in the second phase of socialization in order to know the positive developments after obtaining mentoring as seen from the results of the questionnaire responses that had been given.

scholarly journals Al-Mashaqqah Tajlib Al-Tays¬ir Makna Dan Implikasinya Dalam Pengembangan Ekonomi Islam

2018 ◽  
Vol 3 (2) ◽  
Author(s):  
M. Dliyaul Muflihin
Keyword(s):  
Economic Development ◽  
Financial Institutions ◽  
Islamic Law ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Equal Distribution ◽  
The Public ◽  
Islamic Financial Institutions ◽  
Islamic Economic

The problem of Islamic economics is also increasingly complex with the large number of banks. To meet the needs of transactions, banks have products that are offered to the public. In accordance with the function of the bank, namely collecting and distributing funds to the public. The purpose of channeling funds by Islamic banks is to support the implementation of development, improve justice, togetherness and equal distribution of people's welfare. This paper will answer what is the meaning of al-mashaqqah tajlib al-taysir and how do the Implications of al-mashaqqah tajlib al-taysir in the development of Islamic economy? The result of research shows that the meaning of the rule of al-mashaqqah tajlib al-taysir is the difficulty of bringing convenience. The point is that if implementing a provision of shara' mukallaf faces obstacles in the form of difficulties and limitations that exceed the limits of reasonable capabilities, then the difficulty automatically creates relief provisions. In other words, if we find difficulty in carrying out something that is to be sharia, then the difficulty becomes a justifiable cause to facilitate in carrying out something that is to be provision of sharia, so that we can continue to run the sharia of Allah easily. The implications raised by the rules of al-mashaqqah tajlib al-taysir are the determination of the law of Islamic financial institutions. This impact is seen when Islamic law allows transactions in Islamic banking financial institutions, so that the community will easily meet the needs by transacting with Islamic banking through contracts that have been agreed upon. Keywords: al-Mashaqqah Tajlib al-Taysir, Islamic Economic Development

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