scholarly journals Understanding Sharia Values on Islamic Bank Community in Makassar

2021 ◽  
Vol 8 (2) ◽  
pp. 397-409
Author(s):  
Suriyanti Mangkona ◽  
Amir Amir ◽  
Ajmal As'ad
Keyword(s):  
Qualitative Approach ◽  
Islamic Banks ◽  
Spiritual Values ◽  
Economic Activities ◽  
Islamic Ethics ◽  
Interview Technique ◽  
Islamic Bank ◽  
Research Findings ◽  
Islamic Values

This research aims to how the reality of the existence of Islamic banks in transforming spiritual values ​​(Islamic ethics) both micro (organizational) and macro (wider society) so that there is an internalization of value in the economic activities of the community. From this understanding can be spelled out through the formulation of the problem. This study uses an interview technique of 100 samples where we ask managers and staff who work in Islamic banks to answer several questions and questionnaires that we have created. This study also uses a qualitative approach so that the researcher concludes the results of the interviews that have been conducted in compiling research findings. The results of the study indicate that the Islamic values ​​applied to Islamic banks have not been implemented properly. There are still some conventional values ​​applied to the Bank.

scholarly journals Analysis of Corporate Governance on Islamic Bank in Indonesia

2019 ◽  
Vol 19 (2) ◽  
Author(s):  
Muhamad Nadratuzzaman Hosen ◽  
Nasimul Falah ◽  
Fitriyani Lathifah
Keyword(s):  
Corporate Governance ◽  
Islamic Law ◽  
Qualitative Approach ◽  
Islamic Banks ◽  
Islamic Bank ◽  
Positive Law ◽  
The Right ◽  
Islamic Values

This research demonstrates conceptual corporate governance (CG) which has relationship with regulations and Islamic teaching. Then, to investigate CG in Islamic Bank in Indonesia and to review law aspects and Islamic values related to rules of corporate CG in Islamic Bank in Indonesia. The study used qualitative approach using study literature and interview to analyze the implementation of corporate governance in Islamic bank in Indonesia. This study found that Islamic Banks which issued the rules of CG were not following philosophy of Islamic principles and not following strongly Islamic law and positive law. Hence, there were several fraud cases on Islamic banks inIndonesia. Islamic corporate governance in Indonesia still not find the implementation like in Malaysia. Rules of CG through regulation for Islamic bank is involving futher researher to examine the right policy. The regulation of corporate governance regulations for Islamic bank still need to be refined and turned into Islamic corporate governance standard in accordance with Islamic principles and national laws which required by Islamic bank.

scholarly journals ANALISIS PENGELOLAAN DANA HAJI PADA PT. BANK ACEH SYARIAH

2019 ◽  
Vol 7 (2) ◽  
pp. 240
Author(s):  
Zaida Rizqi Zainul ◽  
Khairannis Khairannis
Keyword(s):  
Descriptive Analysis ◽  
Qualitative Approach ◽  
Islamic Banks ◽  
Islamic Bank

<p><em>Since the transfer of hajj funds from the Ministry of Religion to BPKH, BPKH has managed haj funds, one of which is by placing on Islamic bank products. The Islamic banks selected as managers and recipients of Hajj fund deposits are 31 Islamic banks. One of them is Bank Aceh Syariah. This study aims to determine the management of Hajj funds in Bank Aceh Syariah. The method used is descriptive analysis with a qualitative approach. The results of this study indicate that the management of Hajj funds at PT. Bank Aceh Syariah uses the wadiah yad dhamanah contract. Hajj funds at Bank Aceh Syariah are channeled to financing products so that they can be useful to increase profitability and maintain the liquidity of Aceh's banks. In addition, pilgrims also benefit in the form of returns from the management of the pilgrimage fund which is used to subsidize the pilgrimage departure funds of pilgrims.</em></p><p><em> </em></p><p><em><br /></em></p>

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 KEPATUHAN BANK SYARIAH TERHADAP FATWA DEWAN SYARIAH NASIONAL PASCA TRANSFORMASI KE DALAM HUKUM POSITIF

INFERENSI ◽  
2016 ◽  
Vol 10 (2) ◽  
pp. 517
Author(s):  
Agus Waluyo
Keyword(s):  
Supervisory Board ◽  
Field Research ◽  
Qualitative Approach ◽  
Compliance Monitoring ◽  
Islamic Banks ◽  
Legal Basis ◽  
National Board ◽  
Islamic Bank ◽  
Positive Law

The purpose of this research is to analize the Islamic Bank Commitment to implementation of fatwa Sharia National Board that has been transformed into positive law. The design of this study is qualitative approach. This field research using qualitative approach with data from interviews with the banks. The result shows that the fatwa related to Islamic banks that has been transformed into positive law can be used as a legal basis to be obeyed. The results showed that the Islamic Bank commitment to implementation of fatwa Sharia National Board has not been effective and efficient. The functions of sharia by the director of compliance to all employees of Islamic bank normatively has been implemented in accordance with the principles of compliance, the compliance culture, management risk, and the values. The role of Sharia Supervisory Board in sharia compliance monitoring system has been implemented but not optimal.

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 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 THE IMPACT OF ISLAMIC BANKING AND FINANCIAL PERFORMANCE: THE CASE OF DUBAI ISLAMIC BANK

2021 ◽  
pp. 60-70
Author(s):  
Suha Jalloul
Keyword(s):  
Financial Performance ◽  
Financial Services ◽  
Islamic Banks ◽  
Muslim Population ◽  
Finance Industry ◽  
Islamic Bank ◽  
Decision Making Processes ◽  
The Impact ◽  
Living Circumstances ◽  
Islamic Values

Due to the fast growth of the Muslim community, Dubai's Islamic finance industry has been also growing considerably over the last two decades. Muslim financial services may become more popular as the Muslim population expands and its living circumstances improve. The key developing market for religion-based financial products is the Middle East. This study analyzes their impact on the financial performance of Islamic banks. Data for this study was gathered from the platform www.dib.ae, the years of investigation being 2017-2020. The study's limited sample size was heavily influenced by the participants' preference for an Islamic bank over a conventional bank with an Islamic window. Because every IB operating in the GCC was included in the research, Dubai Islamic Bank is considered an excellent representation of the fully fledged Islamic banks. The researchers studied the financial performance indicators of a Dubai Islamic Bank for several years and have found that international principles are used as a guide for Sharia compliance, shareholder rights, and decision-making processes in IBs' governance and accounting standards. However, laws must be adapted to the country's specific environment in order for the bank to function properly. Managers must make sure еру economic competitiveness paradigm can be more easily integrated with the related Islamic values.

scholarly journals KETERTARIKAN PENGUSAHA MUSLIM PAMELLA SUNARDI PEMILIK PAMELLA SUPERMARKET YOGYAKARTA MENGGUNAKAN PRODUK PEMBIAYAAN DI BANK SYARIAH

2017 ◽  
Vol 13 (1) ◽  
pp. 47
Author(s):  
Trimulato Trimulato
Keyword(s):  
Market Share ◽  
Third Party ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Islamic Ethics ◽  
Islamic Bank ◽  
Conventional Banks ◽  
Over Time

AbstractIslamic banking now has a legal strength by the presence of law number 21 of 2008 which is very influential for the existence of Islamic banking. Currently the market share of Islamic banking has reached 5 percent of the total national banking. Islamic banking products continue to grow over time;the funds of third-party in the period of June 2016 reached 12,185,860 trillion rupiah with financing funds of 3,027,266 trillion rupiah. This suggests that the existence of inequality especially on financing products of Islamic banks must be optimized byofferingfinancing products to all people, especially to Muslim entrepreneurs in order that they use the products to develop their business. A Muslim businessman, Sunardi Pamella, the owner of Pamella supermarket Yogyakarta has become a customer of Islamic bank and employs its products to develop her businesses. The demand on financing products of Islamic banks is still low, so that Islamic banks need to promote their products to Muslim entrepreneurs. This paper focuses on financing products of Islamic banks and the motivation of Pamella Sunardi as a businessman to usethe products. This is alibrary research and the results show that the number of loan of Islamic banking has grown 6,074 percent or higher than that ofconventional bank. Further, the number of loan is 10.127 percent in BPRS, but in Islamic business unitsis -8.234 percent. Pamella Sunardi uses financing products offered by Islamic Bank because he wants to do business based on Islamic ethics. Besides, he hasa trauma with conventional banks’ products.Keywords: Pamella Sunardi, Financing Products, Islamic Banking. Abstrak Perbankan syari’ah saat ini telah memiliki payung hukum yang kuat dengan hadirnya undang-undang nomor 21 tahun 2008 tentang perbankan syari’ah. Hal ini sangat berpengaruh terhadap eksistensi dari perbankan syari’ah yang semakin diminati oleh banyak kalangan. Saat ini pangsa pasar bank syariah telah mencapai 5 persen dari total perbankan secara nasional. Produk perbankan syariah terus mengalami pertumbuhan dari waktu ke waktu, dana pihak ketiga di Bank Syariah pada periode juni 2016 mencapai 12.185.860 triliyun rupiah dan dana pembiayaan 3.027.266 triliyun rupiah. Hal ini menunjukkan adanya ketimpangan khusunya pada produk pembiayaan di bank syariah harus lebih dioptimalkan. Bank syariah bisa menawarkan produk pembiayaan kepada semua kalangan khususnya kepada para pengusaha muslim untuk digunakan sebagi modal pengembangan usaha. Salah satu pengusaha muslim Pamella Sunardi pemilik supermarket Pamella Yogyakarta menjadi nasabah pembiayaan di bank syariah untuk mengembangkan usahanya. Adapun pertumbuhan pembiayaan di bank syariah masih sangat minim dibutuhkan upaya bagi bank syariah agar menawarkan kepada para pengusaha muslim.Batasan dalam tulisan ini difokuskan pada produk pembiayaan di bank syariah serta ketertarikan pengusaha Pamella Sunardi menggunakan produk pembiayaan di bank syariah. Tulisan ini menggunakan studi pustaka kajian dari berbagai sumber. Dalam tulisan ini menggunakan jenis penelitian kualitatif. Hasil dari tulisan ini menunjukkan bahwa jumlah rekening pembiayaan di bank syariah mengalami pertumbuhan 6,074 persen pada bank umum syariah, kemudian 10,127 persen pada BPRS, sedangakan pada unit usaha syariah turun -8,234 persen. Kemudian ketertarikan Pamella Sunardi menggunakan produk pembiayaan di Bank Syariah, pertama menerapkan etika bisnis islam pada usahanya, kedua karena pernah mengalami trauma menggunakan produk bank konvensional.Kata Kunci: Pamella Sunardi, Produk Pembiayaan, dan Bank Syariah

scholarly journals Pola Rescheduling Pada Pembiayaan Bermasalah Berakad Murabahah Di Bank Syariah

2019 ◽  
Vol 6 (1) ◽  
pp. 27-48
Author(s):  
Andini Salamah ◽  
Arrison Hendry
Keyword(s):  
Research Method ◽  
Descriptive Analysis ◽  
Qualitative Approach ◽  
Islamic Banks ◽  
Ability To Pay ◽  
The Real ◽  
Real Cost ◽  
Islamic Bank ◽  
The Cost

This study aims to examine further related to problem financing, especially in murabahah financing. The research method used is a qualitative approach with descriptive analysis. The results of this study are, the rescheduling process undertaken by Islamic banks is to extend the term of financing and installment, with customer’s critera: decreased ability to pay, has a good business prospect, able to fulfill obligations after rescheduling. Second, Islamic bank must apply the provisions of the Fatwa DSN MUI that should not add to the remaining amount of bills, charging the cost in the rescheduling process is the real cost, and the extension of time payer must based on the agreement of both parties. Third, in the case of problem financing in effect after rescheduling is done, then the action that can be performed by the Islamic bank is to convert the murabahah financing contract into the qardh financing agreement.

scholarly journals Developing The Quality Of Islamic Corporate Culture On Islamic Bank In Indonesia

2018 ◽  
Vol 3 (1) ◽  
Author(s):  
Muhammad Iqbal Fasa
Keyword(s):  
Sustainable Development ◽  
Financial Institutions ◽  
Corporate Culture ◽  
Financial Institution ◽  
Employee Performance ◽  
Employee Motivation ◽  
Islamic Banks ◽  
Islamic Bank ◽  
Islamic Values

Financial institutions and contemporary business today have been transformed into a sharia-based financial institution and business. However, this change of a new transformation is done systemically by system and not implemented by culture. Thus, despite the growth of Islamic bank is so high, polemics is increasingly unsettled. Based on this, the necessary of transformation of corporate culture has to change based on Islamic values to create sustainable development and competitive advantage. This paper attempts to offer relevant ideas based on Islamic corporate culture. At the end of this paper, the author offers the characteristics of Islamic corporate culture, corporate culture in Islamic bank in Indonesia, and the development of quality of Islamic corporate culture on Islamic bank in Indonesia. This paper concludes that Islamic corporate culture has a major role in increasing employee motivation, employee work ethic, job satisfaction, employee's prestigious behavior and employee performance. Thus, it is important for Islamic banks to develop the quality of corporate culture based on Islamic values. Keywords: Islamic Corporate Culture, Islamic Bank, Sustainable Development

Sign in / Sign up

Export Citation Format

Share Document