EFEKTIVITAS PELAKSANAAN PENGAWASAN OTORITAS JASA KEUANGAN TERHADAP PERBANKAN DI KOTA MAKASSAR

Otoritas Jasa Keuangan merupakan lembaga yang independen dan bebas dari campur tangan pihak lain, dibentuk dengan salah satu tujuan yaitu untuk mengawasi lembaga keuangan. Pengawasan OJK dilakukan agar lembaga keuangan yang diawasi tidak melakukan pelanggaran dan terus berkembang serta tidak merugikan masyarakat. Penelitian ini bertujuan untuk mengetahui pelaksanaan tugas pokok Otoritas Jasa Keuangan di Kota Makassar dalam pengawasan aktifitas perbankan, meliputi kelembagaan bank, kesehatan bank dan aspek kehati-hatian bank. Penelitian ini dilaksanakan di Kota Makassar pada Kantor Otoritas Jasa Keuangan Regional 6 Sulawesi Maluku Papua (SULAMPUA) Kota Makassar. Metode yang digunakan adalah pendekatan normatif empiris. Maksudnya pendekatan yang dilakukan untuk menganalisa tentang sejauh manakah suatu peraturan atau perundang-undangan atau hukum yang sedang berlaku secara efektif kepada publik mengenai peranan Otoritas Jasa Keuangan. Hasil penelitian ini menunjukkan bahwa pelaksanaan pengawasan oleh Otoritas Jasa Keuangan sangat penting dalam pengawasan aktivitas perbankan yang meliputi kegiatan usaha, tingkat kepatuhan, serta hal yang berdampak kepada masyarakat terkait krisis integritas sebuah lembaga keuangan. Financial Services Authority (OJK) is an independent institution and free form other parties’ interference, which was formed with one of the objectives of a joint financial institution. OJK supervision is carried out so that the supervised financial institutions do not commit violations and continue to develop as well as do not harm the public. This study aims to see the implementation of the main duties of the financial services authority in Makassar City in monitoring banking activities which include aspects of banking, bank health and banking prudence. This research was conducted in Makassar City at the Regional Financial Services Authority Office 6 Sulawesi Maluku Papua (SULAMPUA) Makassar City. The method used is empirical normative approach. This means that the approach is to analyze the extent to which a regulation or statute is appropriate and effective for the public regarding the roles of Financial Services Authority. The results showed that the implementation of supervision by the Financial Services Authority is very important in the supervision of banking activities, including business activities, the level of supervision, as well as matters that have an impact on society related to the integrity of a financial institution.

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U-8 The Concept, Need and Significance of Sharia rating in Islamic Financial institutions in the perspective of Credit Rating Agencies

Al-Aijaz Research Journal of Islamic Studies & Humanities ◽

10.53575/u8.v5.01(21).111-129 ◽

2021 ◽

Vol 5 (1) ◽

pp. 111-129

Author(s):

Muhammad Mushtaq Ahmed ◽

Javed Khan

Keyword(s):

Financial Institutions ◽

Financial Services ◽

Credit Rating ◽

Financial Institution ◽

Credit Rating Agencies ◽

Financial Industry ◽

Rating Agencies ◽

The Public ◽

Islamic Financial Institutions ◽

Regulatory Bodies

Sharia compliance is considered the basic component of Islamic financial industry as sharia permissibility is one of the basic motive for majority of the customers of Islamic Financial services. Presently the assurance regarding the sharia compliance of Islamic financial institution is given by the Sharia Advisor or Sharia board of respective Islamic financial institution. But there is no process, similar to the credit rating agencies, which provides the public an independent assessment of the commitment of different Islamic financial institution as regard to follow sharia injunctions in true letter and spirit for comparison with other Islamic financial institution. In this paper, the concept of credit rating, its origin, importance and advantages are discussed. In the light of the credit rating agencies practices, the concept of sharia rating and its importance are elaborated. It is observed and recommended that sharia quality rating will be very beneficial for all the stakeholders of the Islamic financial institutions as well the Islamic financial industry hence regulatory bodies of Islamic financial institutions, IFI’s and Credit Rating Agencies shall work together to further refine the concept for implementation of Sharia rating in the industry.

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LIFE-CYCLE HYPOTHESIS OF HYBRID SUKUK

JURISDICTIE ◽

10.18860/j.v10i2.6922 ◽

2020 ◽

Vol 10 (2) ◽

pp. 137

Author(s):

Luthvia Moonda

Keyword(s):

Economic Growth ◽

Life Cycle ◽

Financial Institutions ◽

Financial Services ◽

Net Present Value ◽

Vital Role ◽

Muslim World ◽

Present Value ◽

The Public ◽

Life Cycle Hypothesis

The development of financial system recently has been contributing to the economic growth of the nation. Its vital role helps many financial institutions to advance their financial services, particularly in investment systems such as Sukuk. As seen in recent years, the involvement of Sukuk in many industries ranging from sovereigns to corporates for both Muslim and non-Muslim world companies. Although its popularity increases, it seems to be widely accepted that the insufficient structures of Sukuk become a big challenge to serve the public needs to be in compliance with Shari’ah principles. In an attempt to fulfil many financial companies in issuing Sukuk and the needs of the Muslim world, this study aims to provide the new structure of Sukuk. The study proposes a design of securitization by combining two contracts of Sukuk into one Sukuk structure. The constructed idea will use a model of life cycle hypothesis to support the Sukuk issuing companies in maintaining their incomes. It also explains the cycle cash flow and asset movement as well as the calculation of Net Present Value (NPV) of the project.

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Towards New Sharia Governance for Islamic Financial Institutions

Justicia Islamica ◽

10.21154/justicia.v18i1.2341 ◽

2021 ◽

Vol 18 (1) ◽

pp. 39-58

Author(s):

Abdulazeem Abozaid

Keyword(s):

Financial Institutions ◽

Financial Services ◽

Financial Institution ◽

Islamic Banking ◽

Banking And Finance ◽

Finance Industry ◽

Regulatory Authorities ◽

Governance Model ◽

Islamic Financial Institutions ◽

Shariah Governance

Since its inception a few decades ago, the industry of Islamic banking and finance has been regulating itself in terms of Sharia governance. Although some regulatory authorities from within the industry, such as Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and Islamic Financial Services Board (IFSB), the Islamic banking and finance industry remains to a great extent self-regulated. This is because none of the resolutions or the regulatory authorities' standards are binding on the Islamic financial institution except when the institution itself willingly chooses to bind itself by them. Few countries have enforced some Sharia-governance-related regulations on their Islamic banks. However, in most cases, these regulations do not go beyond the requirement to formulate some Sharia controlling bodies, which are practically left to the same operating banks. Furthermore, some of the few existing regulatory authorities' standards and resolutions are conflicted with other resolutions issued by Fiqh academies. The paper addresses those issues by highlighting the shortcomings and then proposing the necessary reforms to help reach effective Shariah governance that would protect the industry from within and help it achieve its goals. The paper concludes by proposing a Shariah governance model that should overcome the challenges addressed in the study.Pada awal berdiri, Lembaga Keuangan Syariah merupakan lembaga keuangan yang menerapkan Hukum Syariah secara mandiri dalam sistem operasionalnya. Ia tidak tunduk pada peraturan lembaga keuangan konvensional, sehingga dapat terus berkomiten dalam menerapkan Hukum Syariah secara benar. Selanjutnya, muncullah beberapa otoritas peraturan yang berasal dari pengembangan Lembaga Keuangan Syariah. Diantaranya adalah Islamic Financial Services Board (IFSB) dan Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). Hal ini tidak menyimpang dari kerangka peraturan Hukum Syariah, sebab standar peraturan dan keputusan yang dikeluarkan ditujukan khusus untuk Lembaga Keuangan Syariah saja. Beberapa Negara telah menerapkan peraturan tata kelola Hukum Syariah pada Bank Syariah mereka. Namun dalam banyak kasus, peraturan yang diterapkan tidak mampu mengontrol Lembaga Keuangan Syariah tersebut secara penuh. Sehingga, secara praktis proses pengawasan diserahkan kepada lembaga keuangan yang beroperasi. Akan tetapi, beberapa standar dan keputusan yang dikeluarkan oleh sebagian pemangku kebijakan bertentangan dengan keputusan yang dikeluarkan oleh beberapa akademi Fiqh. Artikel ini ditulis untuk menyoroti permasalahan yang timbul pada tata kelola Lembaga Keuangan Syariah, khususnya kekurangan yang tampak pada sistem tata kelola. Kemudian, penulis akan mengajukan usulan tentang efektifitas tata kelola Lembaga Keuangan Syariah yang bebas dari permasalahan.

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PENYELESAIAN UTANG IMPOR, JU’ALAH DAN SERTIFIKAT BANK INDONESIA SYARIAH (SBIS) PERSPEKTIF FATWA DSN-MUI

JES (Jurnal Ekonomi Syariah) ◽

10.30736/jes.v2i2.41 ◽

2018 ◽

Vol 2 (2) ◽

pp. 217-225

Author(s):

Khozainul Ulum

Keyword(s):

Financial Institutions ◽

Commercial Banks ◽

Financial Institution ◽

Letter Of Credit ◽

The Public ◽

Islamic Financial Institutions ◽

Monetary Control ◽

Debt Repayment ◽

Level Of Risk

Sharia financial Institution is one of the economic supporters of Indonesia. It is evidenced by the number of Islamic financial institutions that have sprung up this year, both sharia bank and non-bank sharia financial institution. It accommodates the aspiration and need of the society. The public is given the widest opportunity to establish a bank based on sharia principles, including convert from commercial banks whose business activities are based on conventional patterns into sharia patterns. The more sharia financial institutions that emerge, the more products offered by Islamic financial institutions to customers with the level of risk that can be overcome. The writing aims to answer the formulation of problem of settlement of import debts, contract of ju’a>lah and Sharia Certificate of Bank Indonesia (SBIS) in perspective of DSN-MUI fatwa. The result of research shows that in the DSN-MUI fatwa, it is explained that the settlement of imported debt or we know as letter of credit (L/C) may use the kafa>lah contract by taking a fee. It is also explained that one of the forms of kafa>lah contract is kafa>lah bi al-ma>l which is the application of kafa>lah contract which guarantees the payment of goods or debt repayment. This guarantee may be provided by the sharia bank to its customers in return for a fee. For the settlement of import debt there are several contracts that can be used, namely the contract of h}iwa>lah bi al-ujrah, waka>lah bi al-ujrah, and kafa>lah bi al-ujrah The Sharia Certificate of Bank Indonesia which used to be wadi>’ah with Wadi>’ah Certificate of Bank Indonesia which is now changed with Sharia Certificate of Bank Indonesia uses ju’a>lah contract. In this contract, Bank Indonesia pays the repayment upon maturity of SBIS with the relevant sharia banking record having performed and achieving the objectives expected by Bank Indonesia. If the sharia banking concerned is not able to achieve the desired objectives or stipulated by Bank Indonesia in terms of monetary control based on sharia principles, the relevant sharia banking will not receive any compensation from Bank Indonesia.

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Peranan Slik (Sistem Layanan Informasi Keuangan) Pada Pt. Bank Pembangunan Jawa Barat Dan Banten Kantor Cabang Pembantu Jalancagak

The World of Financial Administration Journal ◽

10.37950/wfaj.v1i2.761 ◽

2020 ◽

pp. 119-135

Author(s):

Asep Sumarna ◽

Ade Suparman

Keyword(s):

Financial Institutions ◽

Financial Services ◽

Service System ◽

Information Service ◽

Development Bank ◽

West Java ◽

The Public ◽

Exchange Information ◽

Branch Office

Salah satu lembaga keuangan yang melayani masalah keuangan masyarakat yaitu PT. Bank Pembangunan Jawa Barat Dan Banten Kantor Cabang Pembantu Jalancagak berdasarkan data yang di peroleh terdapat beberapa kegiatan yang dilakukan PT. Bank Pembangunan Jawa Barat Dan Banten Kantor Cabang Pembantu Jalancagak yaitu menghimpun dana dan penyaluran kredit Peran bank dalam penyaluran kredit memang tidak bisa dipungkiri lagi bahwa merupakan usaha yang banyak menghasilkan keuntungan atau return yang tinggi. Dalam hal ini Otoritas Jasa Keuangan atau yang biasa di sebut OJK selaku lembaga yang mempunyai peran mengawasi seluruh kegiatan lembaga keuangan yang ada di Indonesia meluncurkan sebuah sistem yang berbentuk aplikasi yang dinamakan dengan SLIK atau kepanjangan dari (Sistem Layanan Informasi Keuangan) yang diluncurkan dan digunakan secara meluas pada tanggal 1 januari 2018 untuk membantu pengawasan terhadap kreditur dan debitur dan dapat digunakan untuk bertukar informasi. One of the financial institutions that serves the public financial problems, namely PT. West Java and Banten Development Bank Jalancagak Sub-Branch Office based on the data obtained there are several activities carried out by PT. West Java and Banten Development Bank Jalancagak Sub-Branch Office is to raise funds and credit distribution The role of banks in lending is indeed undeniable that it is a business that generates high profits or returns. In this case the Financial Services Authority or commonly called OJK as an institution that has the role of overseeing all activities of financial institutions in Indonesia launches a system in the form of an application called SLIK or stands for (Financial Information Service System) which is launched and used extends on January 1, 2018 to help supervise creditors and debtors and can be used to exchange information.

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Penyelesaian Utang Impor, Ju’alah Dan Sertifikat Bank Indonesia Syariah (SBIS) Perspektif Fatwa DSN-MUI

JES (Jurnal Ekonomi Syariah) ◽

10.30736/jesa.v3i1.38 ◽

2018 ◽

Vol 3 (1) ◽

Author(s):

Khozainul Ulum

Keyword(s):

Financial Institutions ◽

Commercial Banks ◽

Financial Institution ◽

Letter Of Credit ◽

The Public ◽

Islamic Financial Institutions ◽

Monetary Control ◽

Debt Repayment ◽

Level Of Risk

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Protecting Public Interest in Financial Crisis

Lex localis - Journal of Local Self-Government ◽

10.4335/14.1.19-32(2016) ◽

2016 ◽

Vol 14 (1) ◽

pp. 19-32

Author(s):

Bojan Škof ◽

Matej Pollick ◽

Aleš Kobal

Keyword(s):

Financial Crisis ◽

Financial Institutions ◽

Public Interest ◽

Financial Services ◽

The European Union ◽

International Organisations ◽

Social Reforms ◽

The Public ◽

Definition Of ◽

The International Monetary Fund

The financial crisis has been ongoing from beginning of year 2008 and we still have not reached a point of recovery throughout the European Union. Many European countries, such as Greece, Portugal, Ireland, Spain and Cyprus, received the financial help of international organisations (notably the International Monetary Fund, the European Central bank and the European Commission). Taking into account the public interest as the ultimate goal and objective of the system-wide reforms arising from the start from the financial institutions, namely banks and other financial institutions, it is important to analyse whether the wide economic and social reforms which are still reshaping the democratic setup of these countries really met the public interest objectives. Thus, this article deals with first and foremost the definition of public interest in financial services.

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Why customers stay: reasons and consequences of inertia in financial services

Managing Service Quality ◽

10.1108/09604520410528608 ◽

2004 ◽

Vol 14 (2/3) ◽

pp. 183-194 ◽

Cited By ~ 47

Author(s):

Lesley White ◽

Venkat Yanamandram

Keyword(s):

Financial Institutions ◽

Preliminary Data ◽

Financial Services ◽

Quantitative Research ◽

Financial Institution ◽

Qualitative And Quantitative ◽

Depth Interviews

This research investigated inertia in a financial‐services context, with particular focus on the reasons for consumers’ dissatisfaction and inert behaviour, and studied customers’ complaining behaviours and past and future inertia. The study utilised a two‐part methodology, including both qualitative and quantitative research. A total of 20 in‐depth interviews provided the preliminary data required for developing a questionnaire that was subsequently completed by 410 respondents. Determinants of dissatisfaction included the number and size of account fees, whilst determinants of inertia were the perception of similarity between financial institutions and the complexity, costs and time inherent in switching. Factors differentiating future inertia and future active customers included the type of account, length of time the account had been held, membership of a number of financial institutions, income and level of consideration given to changing financial institution.

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Quotation/Parenthesis Qur’an Verse Before Beginning Deed In The Structure Of Notary Deed In Sharia Financial Institutions’ Contract

AL-ARBAH: Journal of Islamic Finance and Banking ◽

10.21580/al-arbah.2019.1.1.4168 ◽

2019 ◽

Vol 1 (1) ◽

pp. 69-80

Author(s):

Sandi Aji Usman ◽

Rasiam Rasiam

Keyword(s):

Financial Institutions ◽

Financial Services ◽

Financial Institution ◽

Secondary Data ◽

Research Data ◽

Islamic Financial Institutions ◽

Regulatory Approach ◽

Qualitative Descriptive ◽

Standard Structure ◽

Contract Structure

Purpose - This research aims to reveal and describe the issue of Islamic financial institutions' contract structure, the practice of the Qur'an quotation/parenthesis in the notary deed structure in Sharia financial institutions ' contract.Method - The method used in this research is normative juridical, with the processing and analysis of data in a qualitative descriptive way, this research data is sourced from secondary data and supported by interviews from sources as supporting data Secondary. The approach is to study with the regulatory approach of legislation.Result - In Islamic Sharia or fatwa is not regulated about the structure of the deed on the deed authentic or under the hands, but which is governed only the principles or basic rules only. Structure of authentic deed made by notary official, especially the deed in financial institution that includes quotation of Qur'an verses using Indonesian language before deed title does not violate the provisions of UUJN.Implication - The absence of the form of the standard structure of sharia agreement both for sharia transactions and in particular sharia financial institutions should be the financial Services Authority in collaboration with the organization of Indonesian Notary Association (INI) who is already experts to Making authentic deed in the form of raw in accordance with UUNJ.Originality - The focus of this research is to reveal and describe the issue of Islamic financial institutions ' contract structure.

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PELAKSANAAN EKSEKUSI JAMINAN FIDUSIA DALAM PERJANJIAN PEMBIAYAAN DI KSPS LOGAM MULIA KECAMATAN KLAMBU KABUPATEN GROBOGAN

YUDISIA : Jurnal Pemikiran Hukum dan Hukum Islam ◽

10.21043/yudisia.v8i1.3222 ◽

2018 ◽

Vol 8 (1) ◽

pp. 121

Author(s):

Junaidi Abdullah

Keyword(s):

Financial Institutions ◽

Moving Objects ◽

Financial Institution ◽

The Public ◽

Community Or ◽

The People ◽

Islamic Financial Institutions ◽

Legal Force

Any loan or financing agreement made by a sharia financial institution, whether bank or non-bank, more particularly KSPS Logam Mulia, usually requires a guarantee. Guaranteed goods guaranteed by the community or its members may be movable objects such as motorcycles or cars (guaranteed by BPKB) and may be non-moving objects in the form of buildings or land (guaranteed usually land certificates) .To to legalize the guarantee goods, the guarantee goods. For moving objects in the form of fiduciary and immovable property through mortgages. With the existence of objects collateralized by the public or members of the Islamic financial institutions, both banks and non-banks with fiduciary guarantee will provide the legal force for the institution to execute objects that have been guaranteed if the people who borrow violate the promise or wanprestasi.But in fact, KSPS Logam Mulia has never executed forcibly to the community or its members who have neglected or are unable to perform its obligations ie paying installments on loans or financing it has received. From the results of the research can be known execution fiduciary guarantee in KSPS Logam Mulia Klambu District Grobogan District does not execute fiduciary guarantee directly against members who do not perform the obligation mengangsurnya. What factors are the background of not directly executing tehadap assurance of fiduciary objects in KSPS Logam Mulia Klambu District Grobogan Regency is: The reason shariah and Reason kinship.

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