scholarly journals INTERPRETATION APPROACH IN THE DYNAMICS OF SHARIA BANKING

Al-Risalah ◽  
2021 ◽  
Vol 12 (2) ◽  
pp. 346-358
Author(s):  
Zamakhsyari Abdul Majid
Keyword(s):  
Middle East ◽  
Qualitative Study ◽  
Commercial Banks ◽  
Islamic Banking ◽  
Muslim Population ◽  
The World

Indonesia is a country with the largest Muslim population in the world with a Muslim population of around 204 million. This large Muslim population represents a great potential for the development of Islamic banking. This Islamic banking began to get the government's attention with the issuance of a law that supports Islamic banking. With various policies and decisions from a period of approximately 36 years (1974-2008), starting with the holding of a national seminar on relations between Indonesia and the Middle East which contained the idea of ​​realizing the Islamic Banking Law. This article is a qualitative study. The existence of Islamic-based Rural Banks encourages the establishment of interest-free commercial banks. With various developments that continue to be carried out by the Indonesian Banking, in 2008 the enactment of Law no. 21 of 2008 concerning Islamic Banking which is expected to provide significant prospects for Islamic Banking. Basically the concept in Islam cannot be separated from the 5 pillars of primary needs (al-dlaruriyyatul al-khams), namely: hifdhun nafs (guaranteed protection of the soul), hifdhul 'aql (guaranteed protection of reason), hifdhul mâl (guarantee of property protection), hifdhun nasl (guaranteed protection of offspring), and hifdhud dn (guaranteed protection of religion). Indonesia merupakan negara dengan populasi Muslim terbesar di dunia dengan jumlah penduduk muslimnya sekitar 204 juta jiwa. Populasi Muslim yang besar ini merupakan potensi besar bagi perkembangan perbankan syariah. Perbankan syariah ini mulai mendapat perhatian pemerintah dengan dikeluarkannya undang-undang yang mendukung perbankan syariah. Artikel ini merupakan studi kualitatif. Dengan berbagai kebijakan dan keputusan dari kurun waktu kuranglebih selama 36 tahun (1974-2008), dimulai dari diselenggarakannya seminar nasional hubungan antara Indonesia-Timur Tengah yang berisikan tentang ide merealisasikan UU Perbankan Islam. Keberadaan Bank-bank Perkreditan Rakyat yang berbasis Islam tersebut mendorong untuk didirikannya bank umum yang bebas bunga. Dengan berbagai perkembangan yang terus di lakukan oleh Perbankan Indonesia, pada tahun 2008 disahkannya UU No. 21 Tahun 2008 tentang Perbankan Islam yang diharapkan memberikan prospek yang signifikan bagi Perbankan Islam. Pada dasarnya konsep dalam Islam itu tidak lepas dari 5 pilar kebutuhan primer (al-dlaruriyyatul al-khams), yaitu: hifdhun nafs (jaminan perlindungan jiwa), hifdhul ‘aql (jaminan perlindungan akal), hifdhul mâl (jaminan perlindungan harta), hifdhun nasl (jaminan perlindungan keturunan), dan hifdhud dîn (jaminan perlindungan agama).

KONDISI EKONOMI SYARIAH DI INDONESIA PASCA MERGERNYA BANK SYARIAH BUMN

2021 ◽  
Vol 5 (1) ◽  
pp. 90-106
Author(s):  
Angga Syahputra
Keyword(s):  
Market Share ◽  
Financial Services ◽  
Qualitative Method ◽  
Economic Conditions ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Muslim Population ◽  
Banking Market ◽  
The World ◽  
Financial Transactions

Indonesia has the largest Muslim population in the world. With this amount, of course, it should be a capital for economic strength. However, as of November 2020, data released by the Financial Services Authority put the Islamic banking market share at 6.33%. Efforts to merge the three state-owned Sharia banks into Indonesian Sharia Banks are expected to increase the penetration of the sharia economy in Indonesia, which is still far behind when compared to conventional domestic economic movements and Islamic financial transactions in other countries. This research will describe the extent of the sharia economic conditions in Indonesia after the merger of state-owned sharia banks into BSI. This study uses a qualitative method with a type of literature review research which is obtained from various authentic sources such as books, articles, journals and trusted websites. There was a 2.7% increase in the market share of Islamic banks after the merger. This increase when compared to the existing potential and the market is still very small. However, it is hoped that this impact will continue to increase over time, especially as capital support for various financial sectors and the halal industry in the country.

Islamic Financial Inclusion

2020 ◽  
pp. 155-173
Author(s):  
S. M. Sohrab Uddin ◽  
Mohammad Zoynul Abedin ◽  
Nahid Afroz
Keyword(s):  
Banking Sector ◽  
Financial Inclusion ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Policy Makers ◽  
Muslim Population ◽  
Muslim Countries ◽  
The World ◽  
Global Concern ◽  
Empirical Contribution

Financial Inclusion (FI), a global concern of this decade, has been accepted by development agencies, governments, and policymakers as one of the pre-eminent ways to eradicate worldwide poverty and income inequality. Consequently, authorities are looking for possible ways to include the unbanked in formal financial chain. Islamic finance, specifically Islamic banking, with its welfare-oriented principles and unique products, has been able to capture the attention of policy makers. Moreover, a major portion of the Muslim population still exclude themselves from the formal financial chain due to religious prohibition of interest-based transactions for whom Islamic finance is the only way to inclusion. Bangladesh, one of the major Muslim countries in the world, is still to bring one-fourth of its total population under formal financial chain. At this backdrop, this chapter examines the empirical contribution of Islamic banking sector in financial inclusion condition as well as development scenario of Bangladesh.

scholarly journals The influence of religiosity and self-efficacy on the saving behavior of the Іslamic banks.

2018 ◽  
Author(s):  
anton priyo nugroho
Keyword(s):  
Self Efficacy ◽  
External Validity ◽  
Banking System ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Muslim Population ◽  
Future Studies ◽  
Islamic Bank ◽  
The World ◽  
Saving Behavior

Indonesia is a country with the largest Muslim population in the world. However, since the Islamic banks were being established in Indonesia for about 20 years, their market share only accounts for about 5% in the Indonesian banking system. Muslim participations in using Islamic bank are relatively low. This study expands the Theory of Planned Behavior by adding the variables of religiosity and self-efficacy. Previous studies have not examined this new expanded model to analyze customers who participated in using the saving Islamic bank’s products and services. Based on 220 Islamic bank consumers who participated in the study, the study indicated that questionnaires about religiosity and self-efficacy had good external validity and could be adapted for the Indonesian culture context. The most interesting finding was that the religiosity variable strongly enhanced the use of Islamic banks. Similarly, this study found that the self-efficacy variable improved an intention of customers to participate in the Islamic banking system. This paper also discusses the implications of the findings and recommendations for future studies.

scholarly journals The influence of religiosity and self-efficacy on the saving behavior of the Іslamic banks

2017 ◽  
Vol 12 (3) ◽  
pp. 35-47 ◽  
Author(s):  
Anton Priyo Nugroho ◽  
Anas Hidayat ◽  
Hadri Kusuma
Keyword(s):  
Self Efficacy ◽  
External Validity ◽  
Banking System ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Muslim Population ◽  
Future Studies ◽  
Islamic Bank ◽  
The World ◽  
Saving Behavior

Indonesia is a country with the largest Muslim population in the world. However, since the Islamic banks were being established in Indonesia for about 20 years, their market share only accounts for about 5% in the Indonesian banking system. Muslim participations in using Islamic bank are relatively low. This study expands the Theory of Planned Behavior by adding the variables of religiosity and self-efficacy. Previous studies have not examined this new expanded model to analyze customers who participated in using the saving Islamic bank’s products and services. Based on 220 Islamic bank consumers who participated in the study, the study indicated that questionnaires about religiosity and self-efficacy had good external validity and could be adapted for the Indonesian culture context. The most interesting finding was that the religiosity variable strongly enhanced the use of Islamic banks. Similarly, this study found that the self-efficacy variable improved an intention of customers to participate in the Islamic banking system. This paper also discusses the implications of the findings and recommendations for future studies.

scholarly journals LAHIRNYA PERBANKAN SYARI’AH DI INDONESIA

2019 ◽  
Vol 1 (1) ◽  
pp. 35-54
Author(s):  
Rita Mulyani
Keyword(s):  
Islamic Banking ◽  
Islamic Banks ◽  
Muslim Community ◽  
Muslim Population ◽  
Islamic Bank ◽  
Muslim Countries ◽  
The World ◽  
The Difference ◽  
The Many ◽  
Conventional Bank

With the development of increasingly advanced times, the bank continues to make new innovations so that at this time the bank is no longer just an institution that functions to collect and distribute funds, but at the same time also as an intermediary in the payment traffic. However, the Muslim community strives to realize banking based on sharia principles. For this reason, several Muslim countries have slowly begun to establish Islamic Banks. The development of Islamic banking is quite significant in several countries, but of the many countries, Indonesia actually has a different side. The difference lies in the term used to refer to a non-conventional bank. While other countries commonly refer to it as an Islamic Bank, in Indonesia it is actually called the Sharia Banking because the idea of ​​the Islamic Bank is alleged to have contained political and SARA elements. With high stretches owned by several Muslim countries to establish shari'ah banking, Indonesia as the country with the largest Muslim population in the world established the first sharia banking under the name Bank Muamalat Indonesia (BMI) which was officially operated in 1992. From year to year, Sharia banking growth is very fast. Keywords : Banking, Sharia Banking,Indonesia.   Abstrak Dengan perkembangan zaman yang semakin maju, bank terus melakukan inovasi baru sehingga pada saat ini bank tidak lagi hanya sekedar lembaga yang berfungsi menghimpun dan menyalurkan dana saja, namun sekaligus juga sebagai intermediasi dalam lalu lintas pembayaran. Namun, komunitas Muslim berusaha untuk mewujudkan perbankan berdasarkan prinsip syariah. Atas dasar alasan inilah, beberapa negara muslim perlahan mulai mendirikan Bank Islam. Perkembangan perbankan Islam cukup signifikan terjadi di beberapa negara, tetapi dari sekian banyak negara, Indonesia justru memiliki sisi yang berbeda. Perbedaan tersebut terletak pada istilah yang dipakai untuk menyebut bank yang nonkonvensional.Di saat negara-negara lain lazim menyebutnya sebagai Bank Islam, di Indonesia justrumenyebutnya Bank Syari’ah karena istilah Bank Islam diduga mengandung unsur politik dan SARA.Dengan geliat tinggi yang dimiliki oleh beberapa negara muslim untuk mendirikan perbankan syari’ah, Indonesia sebagai negara dengan populasi muslim terbesar di dunia mendirikan perbankan syariah pertama dengan nama Bank Muamalat Indonesia (BMI) yang secara resmi beroperasi pada tahun 1992.Dari tahun ke tahun, pertumbuhan perbankan syari’ah sangatcepat. Kata Kunci : Perbankan, Perbankan Syariah, Indonesia.

scholarly journals The need for Islamic banking services in commercial banks of Uzbekistan and its positive impact on economic growth

2020 ◽  
Vol 1 ◽  
pp. 43-46
Author(s):  
Tursunov Anvar Sultanovich
Keyword(s):  
World Bank ◽  
Commercial Banks ◽  
Positive Impact ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Banking Services ◽  
The World Bank ◽  
Factors Influencing ◽  
The World

This article presents the development of Islamic banking services, development trends in the World Bank financial system and the factors influencing the growth of the country’s economy. Today, two-thirds of Islamic finance is concentrated in Islamic banks. The urgency of establishing Islamic banking services in commercial banks is highlighted. There are practical suggestions and recommendations for the development of this area.

scholarly journals Selected characteristics of Islamic banking in context of real sphere development

2021 ◽  
Vol 11 (1) ◽  
pp. 01-09
Author(s):  
Paweł Mrowiec ◽  
Magdalena Wójcik Jurkiewicz
Keyword(s):  
Content Analysis ◽  
Commercial Banks ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Development Bank ◽  
Bank Profitability ◽  
Research Areas ◽  
The World ◽  
Islamic Economic ◽  
New Research

The objective of this study is to analyse the selected characteristics of Islamic banking in the context of real sphere development. It is hypothesised that Islamic economic principles could be applied to some extent to Western banking. To this end, selected features of Islamic and Western banking were analysed for their impact on the real sphere, including analysis of Islamic banks’ assets in the years 2006–2015 and the transposition of these data to assets of ten top commercial banks in the world. A literature review related to the functioning of Islamic banking, content analysis and deduction method was used to achieve this purpose. The authors, as a result of the research carried out, contradict the hypothesis indicating that it is impossible to directly compare Islamic banking to conventional banking, as the scope of services provided, system assumptions and, above all, their complexity, determines a different approach to their management and monitoring. As a result of scientific research, the authors of the paper contributed to opening new research areas in the field of Islamic banking.   Keywords: Shari’ah laws, financial crisis, real sphere development, bank profitability.  

PANDEMI COVID-19 IMPLIKASI BAGI PEMBIAYAAN BANK SYARIAH DI INDONESIA

2021 ◽  
Vol 10 (1) ◽  
pp. 164-181
Author(s):  
Ana Zahrotun Nihayah ◽  
Lathif Hanafir Rifqi
Keyword(s):  
Financial Services ◽  
Commercial Banks ◽  
Banking Industry ◽  
Descriptive Study ◽  
Islamic Banking ◽  
Financing Policies ◽  
The World ◽  
Long Time ◽  
Almost All ◽  
The Impact

The Covid-19 pandemic is the result of the spread of coronavirus that occurs almost all over the world. In Indonesia, covid-19 first occurred on 02 March 2020. At that time, Indonesian citizen was infected by one of the Foreign Nationals of Japan. The transmission of covid-19 is increasing for a long time, until now covid-19 has spread in almost all 34 provinces in Indonesia. Health problems that further adversely affect almost all sectors of the industry, one of which is the Islamic banking industry. Therefore, the Financial Services Authority (OJK) issued several stimulus policies as a measure of anticipation of customers defaulting. This research is a descriptive study with the aim to determine the impact of pandemic covid-19 on Sharia bank financing in Indonesia. The samples used in this study were 11 Sharia commercial banks. The results showed that there are 8 Sharia commercial banks experiencing a downward trend in breeding, especially in April 2020. It can be concluded that the impact of covid-19 has a decrease in Sharia banking financing. Policies carried out by each Sharia commercial bank related to the anticipation of covid-19 to its financing activities, each bank implements a financing restructuring policy to debtors affected by the spread of covid-19

scholarly journals Islam, Animation and Money

1995 ◽  
Author(s):  
Timothy R. White ◽  
J. E. Winn
Keyword(s):  
United States ◽  
Middle East ◽  
Southeast Asia ◽  
The United States ◽  
Arab American ◽  
Muslim Population ◽  
Walt Disney ◽  
The World

MUCH HAS BEEN SAID ABOUT THE RECEPTION of Walt Disney Incorporated's 1993 film Aladdin by Arab-American groups in the United States. However, little has been written concerning the reception of the film in other parts of the world, especially in those nations with significant Muslim populations. Although an investigation into the reception of the film in the Islamic nations of the Middle East seems obvious and appropriate, there are other parts of the world with significant Muslim populations that deserve our attention. This paper, then, is a study of the controversy surrounding the distribution and exhibition of Aladdin in the nations of Southeast Asia with large Muslim populations. These nations include Indonesia (with the largest Muslim population in the world), Brunei, and Malaysia, all of which are predominantly Muslim, and Singapore, in which Muslims constitute a significant minority.(1) Although in the United States the issue may be regarded...

Islamic Financial Inclusion

2021 ◽  
pp. 292-310
Author(s):  
S. M. Sohrab Uddin ◽  
Mohammad Zoynul Abedin ◽  
Nahid Afroz
Keyword(s):  
Banking Sector ◽  
Financial Inclusion ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Policy Makers ◽  
Muslim Population ◽  
Muslim Countries ◽  
The World ◽  
Global Concern ◽  
Empirical Contribution

Financial Inclusion (FI), a global concern of this decade, has been accepted by development agencies, governments, and policymakers as one of the pre-eminent ways to eradicate worldwide poverty and income inequality. Consequently, authorities are looking for possible ways to include the unbanked in formal financial chain. Islamic finance, specifically Islamic banking, with its welfare-oriented principles and unique products, has been able to capture the attention of policy makers. Moreover, a major portion of the Muslim population still exclude themselves from the formal financial chain due to religious prohibition of interest-based transactions for whom Islamic finance is the only way to inclusion. Bangladesh, one of the major Muslim countries in the world, is still to bring one-fourth of its total population under formal financial chain. At this backdrop, this chapter examines the empirical contribution of Islamic banking sector in financial inclusion condition as well as development scenario of Bangladesh.

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