Dinamika Kinerja BMT di Indonesia dan Komitmennya terhadap Nilai-Nilai Islam: Studi BMT Daarut Tauhiid Bandung, Indonesia

Sharia Microfinance Institutions in Indonesia since 1995 is an attempt to internalize Islamic values in entrepreneurial activities at financial institutions at the micro-community level. With case study approach to a BMT in Indonesia, this study is different with the previous studies which consider that institutions or companies in Indonesia only undertake the efforts of religious commodification of religious symbols that are in demand in the Indonesian market. This study argues that BMT Daarut Tauhiid Bandung in Indonesia as an Islamic financial institutions are committed to Islamic values both in the product and management of the company, although this commitment has an impact on the decline in company performance. The results of the study show that although BMT Daarut Tauhiid Bandung has decreased in corporate performance, this company can maintain its commitment to Islamic values, especially in its financial products. This shows that the BMT is not only focusing its efforts on the commodification of religious activities but also retains religious values in its business.

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KONSEP PEMBIAYAAN BERBASIS AKAD JUAL BELI PADA BAITUL MAAL WAT TAMWIL PAHLAWAN TULUNGAGUNG

Jurnal Ekonomi Syariah Teori dan Terapan ◽

10.20473/vol6iss20197pp1434-1449 ◽

2020 ◽

Vol 6 (7) ◽

pp. 1434

Author(s):

Ike Nofita Nurohmah ◽

Irham Zaki

Keyword(s):

Data Collection ◽

Qualitative Methods ◽

Financial Institutions ◽

Study Strategies ◽

Microfinance Institutions ◽

Descriptive Case Study ◽

Islamic Financial Institutions ◽

Islamic Microfinance

Financing using a sale and purchase contract is one of the most dominant financing in Islamic financial institutions. One of the Islamic microfinance institutions namely baitul maal wat tamil has two types of sale and purchase agreements on its financing products, namely the contract of sale and purchase of murabahah and bai bithaman ajil. This study discusses the concept of financing based on the sale and purchase contract, namely murabahah and bai bithaman ajil on baitul maal wat tamwil (BMT) Pahlawan Tulungagung. The things that need to be reviewed in the practice of the ajabahah and bai bithaman contract are adjusted to the points in the DSN-MUI Fatwa on murabahah financing. This study uses qualitative methods with descriptive case study strategies. Data collection through interviews with four respondents consisting of financing managers, managers and two members of the financing of buying and selling financing and documentation. Interpretation and conclusions are made by linking between data obtained in interviews and documentation. The results of the study show that the concept of financing murabahah and bai bithaman ajil in BMT Pahlawan is not fully in accordance with the DSN-MUI Fatwa regarding the purchase of goods. However, this is still tolerated because of the limitations of BMT to purchase goods which then applies the Al-hajatu tunazzilu rule, manzilata al-dharurah, which is a requirement or need to occupy an emergency position so that the purchasing system is allowed.Keywords: Financing, Murabaha, Bai bithaman ajil, DSN-MUI, BMT Pahlawans

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Does Islamic Microfinance indeed base on Sharia-compliant? The Shreds of Evidence Report in Ogan Komering Ilir regency, South Sumatera, Indonesia

Journal of Economics Research and Social Sciences ◽

10.18196/jerss.v5i2.12487 ◽

2021 ◽

Vol 5 (2) ◽

pp. 181-188

Author(s):

Misbahul Munir ◽

Resa Arifatul Arifah ◽

Kharisma Dewi

Keyword(s):

Financial Institutions ◽

Rapid Development ◽

Tourism Development ◽

Field Studies ◽

Qualitative Approach ◽

Microfinance Institutions ◽

Islamic Financial Institutions ◽

Islamic Microfinance ◽

Islamic Values ◽

Over Time

The development of Islamic economics and finance in Indonesia in the last few decades has experienced significant developments. It can be seen in the increasing number of sharia businesses in various sectors. From financial institutions, both bank and non-bank financial institutions, Islamic capital markets, sharia bonds (Sukuk) to tourism development managed in a sharia manner. Over time, this rapid development must also be balanced with compliance with sharia values. This study aims to assess Islamic microfinance institutions (BMT) in implementing sharia principles in their products. The product studied in this study is Murabahah. This research uses a qualitative approach with field studies. The results of this study, the BMT studied in this study in general, have implemented sharia values. The implication of this research is to strengthen the compliance of Islamic financial institutions in implementing Islamic values. This research can also be used as a reference by related parties, especially in developing Islamic financial institutions.

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ANALISIS KEPATUHAN SYARIAH PEMBIAYAAN MUSYARAKAH PADA BPRS AMANAH SEJAHTERA GRESIK

Jurnal Ekonomi Syariah Teori dan Terapan ◽

10.20473/vol7iss20201pp151-161 ◽

2020 ◽

Vol 7 (1) ◽

pp. 151

Author(s):

Ita Miftahul Janah ◽

Sunan Fanani

Keyword(s):

Financial Institutions ◽

Islamic Law ◽

Descriptive Analysis ◽

Supervisory Board ◽

Case Study Approach ◽

Study Approach ◽

Islamic Financial Institutions ◽

Qualitative Descriptive ◽

Conventional Banks

The background of this research is the growth and development of the Islamic economy in Indonesia these days. It can be seen from the number of Islamic Financial Institutions that have emerged lately and offered products that are free of usury. Thus, citizens’ perceptions of Islamic banks and conventional banks are the same. Meanwhile, to carry out its operations, sharia financial institutions must follow Islamic law (Sharia law), which are regulated in the DSN-MUI Fatwa and supervised by the Sharia Supervisory Board. From the phenomenon above, the writer wants to raise the theme of sharia compliance in sharia financial institutions namely musyarakah financing in Islamic Rural Banks. This study uses qualitative descriptive analysis, a case study approach. The object of this research is the Islamic rural bank (BPRS) Amanah Sejahtera Gresik. To examine the compliance of the musyarakah contract, the author uses the Fatwa of the National Sharia Council of the Indonesian Ulema Council (DSN-MUI Fatwa) No.08/DSN-MUI/IV/2000 as its reference. The results show that the BPRS Amanah Sejahtera Gresik has been operating the Musyarakah Financing following the applicable DSN-MUI Fatwa rules. In addition to that, besides seeking profits, BPRS also preaches Islamic economics. From the sharia principles that have been carried out by the BPRS, the purpose of maqashid sharia is fulfilled.Keywords: Sharia Compliance, Musyarakah, BPRS Amanah Sejahtera, DSN-MUI Fatwa, Maqashid Sharia.

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IMPLEMENTASI NILAI-NILAI ISLAM DI PT SJP

Jurnal Ekonomi Syariah Teori dan Terapan ◽

10.20473/vol7iss202011pp2236-2251 ◽

2020 ◽

Vol 7 (11) ◽

pp. 2236

Author(s):

Najmah Su'ad ◽

Suherman Rosyidi

Keyword(s):

Financial Institutions ◽

Research Method ◽

Construction Sector ◽

Islamic Financial Institutions ◽

Qualitative Descriptive ◽

Female Employees ◽

Descriptive Approach ◽

Islamic Values ◽

Conventional Bank

ABSTRAKPenelitian ini bertujuan untuk memaparkan nilai-nilai Islam yang diterapkan di SJP, tantangan apa saja yang dihadapi dan menguak alasan masih digunakannya lembaga keuangan konvensional dalam operasinya. Dengan pendekatan kualitatif deskriptif, metode yang digunakan adalah studi kasus. Wawancara dengan pimpinan perusahaan dilakukan untuk memperoleh data utama dan hasilnya dibandingkan dengan hasil observasi, dokumentasi dan wawancara dengan karyawan. Hasil penelitian menunjukkan perusahaan yang bergerak di bidang konstruksi ini menerapkan nilai-nilai Islam dengan memperbolehkan karyawati membawa anak ke kantor, pembagian zakat, serta program kurban dan umrah. Selain itu, perusahaan membangun Rumah Quran dan menjadi donatur tetap di pesantren dan masjid sekitar perusahaan. Usaha untuk mengislamkan perusahaan tidak selalu mulus. Beberapa situasi memaksa perusahaan menggunakan produk bank konvensional. Dalam situasi lain, kekeliruan pandangan pimpinan perusahaan terhadap lembaga keuangan syariah membuat lembaga keuangan konvensional masih digunakan.Kata Kunci: Penerapan nilai-nilai Islam di Perusahaan, Lembaga Keuangan Syariah, Manajemen Islami, Indonesia ABSTRACTThis research aims to describe Islamic values implemented by PT SJP, the challenges, and the reasons why they still use conventional financial institutions in their performances. Research method used was case study with qualitative-descriptive approach. The interview result with the head of the company was compared to the results of observation, documentation, and interview with the employees. The results of the research indicated that this company which engaged in the construction sector has implemented Islamic values by allowing female employees bring their children to the office, distributing zakat, as well as holding qurban and umrah programmes. Furthermore, the company built Rumah Quran and becomes a permanent donor to several Islamic boarding schools and mosques around them. Numerous efforts that have been done to make the company have Islamic values do not always go well. Some situations urge the company to use conventional bank products. In another situation, misperception of the head of the company on Islamic financial institutions makes conventional financial institutions still used.Keywords: Islamic values in company, Islamic financial institutions, Islamic Management, Indonesia

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The Role of Mobile Money in Moderating Financial Exclusion: A Tanzanian Experience

The International Social Sciences Review ◽

10.37467/gka-socialrev.v2.2287 ◽

2020 ◽

Vol 2 ◽

pp. 1-24 ◽

Cited By ~ 1

Author(s):

Deogratius Joseph Mhella

Keyword(s):

Developing Countries ◽

Financial Institutions ◽

Banking Sector ◽

Research Question ◽

Microfinance Institutions ◽

Mobile Money ◽

Access To Credit ◽

Financial Exclusion

Prior to the advent of mobile money, the banking sector in most of the developing countries excluded certain segments of the population. The excluded populations were deemed as a risk to the banking sector. The banking sector did not work with cash stripped and the financially disenfranchised people. Financial exclusion persisted to incredibly higher levels. Those excluded did not have: bank accounts, savings in financial institutions, access to credit, loan and insurance services. The advent of mobile money moderated the very factors of financial exclusion that the banks failed to resolve. This paper explains how mobile money moderates the factors of financial exclusion that the banks and microfinance institutions have always failed to moderate. The paper seeks to answer the following research question: 'How has mobile money moderated the factors of financial exclusion that other financial institutions failed to resolve between 1960 and 2008? Tanzania has been chosen as a case study to show how mobile has succeeded in moderating financial exclusion in the period after 2008.

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IMPLEMENTATION OF RAHN IN SHARIA GOLD FINANCING AT MODERN ISLAMIC FINANCIAL INSTITUTIONS (CASE STUDY IN BANK BRI SYARIAH BRANCH OF PEKANBARU).

Hukum Islam ◽

10.24014/hi.v18i1.5220 ◽

2018 ◽

Vol 18 (1) ◽

pp. 40

Author(s):

AHMAD MAULIDIZEN

Keyword(s):

Data Collection ◽

Financial Institutions ◽

Field Research ◽

Islamic Banking ◽

Financial Industry ◽

Collection Method ◽

Data Collection Method ◽

Islamic Financial Institutions

Islamic Financing Products have started to grow rapidly in the current banking and financial industry at this time. This situation can be seen through the increase of Islamic banking assets for several years, in addition to the inclusion of more institutions offering Islamic products. Sharia Gold Pawn Products is the delivery of marhun (collateral goods) from the rahin (customers using mortgage financing) to the bank as a guarantee of part or all of the debt. This research is field (field research) with data collection method through observation, interview and documentation study in data collection. The author concludes that the application of Rahn's contract on Sharia gold mortgage financing at Bank BRI Syariah has been in accordance with the National Sharia Board Fatwa and there are several things that must be improved so as not to conflict with Sharia principles

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PRINSIP DAN KRITERIA PERIKLANAN DARI PERSPEKTIF ISLAM

Journal of Islamic Economics and Finance ◽

10.22373/share.v1i1.718 ◽

2012 ◽

Vol 1 (1) ◽

Author(s):

Teuku Meldi Kesuma

Keyword(s):

Content Analysis ◽

Literature Review ◽

Financial Institutions ◽

Islamic Perspective ◽

Islamic Financial Institutions ◽

Islamic Values

Advertising in marketing Islamic products must be believed and understood as an important part of marketing based on Islam which should not be separated. This paper examines the principles and criteria of advertising from the perspective of Islam. It is caused by the increase of companies and institutions which are based on Islamic values such as Islamic financial institutions that promote its products the consumers. The important issues discussed in this paper is how the reality of concepts, principles, and criteria of Islamic advertising? Therefore this paper is developing an advertising concept from the perspective of Islam and to know for sure whether the principles and criteria that should exist in advertising Islam. The methodology applied in this paper is through a literature review by using content analysis. Hopefully, this study could develop an Islamic perspective advertisement concept in terms of principles and criteria. ======================================================================================================== Periklanan dalam memasarkan produk-produk Islam harus diyakini dan di pahami merupakan bahagian penting dalam pemasaran yang berdasarkan Islam yang tidak boleh dipisahkan. Tulisan ini mengkaji prinsip-prinsip dan kriteria periklanan dalam perspektif Islam. Hal ini disebabkan semakin ramai dan tingginya pertumbuhan perusahaan dan institusi yang berlandaskan nilai-nilai Islam seperti institusi keuangan Islam yang mempromosikan produk dan perkhidmatannya kepada orang ramai. Persoalan penting yang dibahas dalam kertas kerja ini adalah bagaimanakah bentuk konsep, prinsip dan kriteria periklanan Islam yang sebenarnya? Oleh karena itu tujuan kertas kerja ini adalah untuk membangun satu konsep periklanan dari perspektif Islam dan untuk mengenal pasti apakah prinsip-prinsip serta kriteria yang seharusnya ada dalam periklanan Islam. Metodologi kajian yang digunakan dalam kertas kerja ini adalah metode kepustakaan dengan menggunakan analisis isi. Kajian ini diharapkan dapat membentuk konsep periklanan dalam perspektif Islam dari segi prinsip dan kriterianya.

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PERAN PEMBIAYAAN MURABAHAH DALAM MENINGKATKAN USAHA BATU BATA (STUDI PADA BMT AS-SALAM KANTOR KAS NGERECO KANDAT KEDIRI)

I-ECONOMICS A Research Journal on Islamic Economics ◽

10.19109/https://doi.org/10.19109/ieconomics.v5i1.3115 ◽

1970 ◽

Vol 5 (1) ◽

pp. 64-76

Author(s):

Muh Khoirul Anam ◽

Haris Santoso

Keyword(s):

Financial Institutions ◽

Case Study Research ◽

Lower Class ◽

Qualitative Approach ◽

Study Research ◽

Islamic Financial Institutions ◽

Conventional Banks ◽

Depth Interviews

Financial institutions are currently needed by all people because financial institutions are considered to be quicker in providing business capital loans. Previously, conventional banks were the only financial institutions operating in the financial sector or loans to the community before Islamic financial institutions, now with the development of financial institutions sharia society mostly prefers sharia finance rather than conventional, plus BMT which operates in the middle to lower class, this is what causes many people to take Islamic financial institutions because they prioritize family systems, so this study focuses on: 1). How is the application of murabahah financing at BMT As-Salam to brick businesses in the Ngreco Kandat Kediri village, 2). What is the role of murabahah financing at BMT As-Salam towards brick business in the Ngreco Kandat Kediri village, 3). How did the brick business increase in the Kandat Kediri Ngreco village after obtaining murabahah financing at BMT As-Salam. Research on the role of murabahah financing in brick business uses a descriptive qualitative approach with a type of case study research that refers to the interpretive postpositivistic thinking paradigm. The technique of collecting data is in-depth interviews, observation and documentation. The results of this study indicate that the application of murabahah financing at BMT As-Salam is very different where loans for business capital of bricks that should use mudharabah or musyarakah at BMT These salads use murabaha. Besides that the role of BMT As-Salam is very influential on brick business and before BMT As-Salam arrived, brick entrepreneurs still had difficulty finding capital to improve their business but after taking murabahah financing at BMT As-Salam, their efforts experienced an increase and prosperity life.

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A proposed framework for implementing risk-based Shari’ah audit

Journal of Financial Reporting and Accounting ◽

10.1108/jfra-02-2020-0041 ◽

2021 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Suleiman Dalhatu Sani ◽

Mustapha Abubakar

Keyword(s):

Financial Institutions ◽

Real Life ◽

Financial System ◽

Practical Work ◽

System Stability ◽

Illustrative Case ◽

Content Type ◽

Finance Industry ◽

Islamic Financial Institutions

Purpose This paper aims to recommend a framework that serves as a practical work tool for conducting risk-based Shari’ah audit (RBSA) in Islamic financial institutions (IFIs). Design/methodology/approach Qualitative research method was used through critical in-depth content analysis of documented literature to generate deep insights, further supported with a hypothetical illustrative case study application of the framework on an Islamic bank, aimed at bringing the framework to a practical, near real-life scenario. Findings A robust RBSA framework has been developed which focuses on Shari’ah non-compliance risks to systematically and practically arrive at a rated opinion on the level of an IFI’s adherence with Shari’ah rules and principles as recommended by the Accounting and Auditing Organization for Islamic Financial Institutions, aimed to safeguard the IFI and promote financial system stability at large. Research limitations/implications Practical realities limited the study to the use of a hypothetical case study bank. Future researchers can apply the framework to a real case study of diverse IFIs for effective contextual recalibration in diverse jurisdictions. Practical implications This paper aids the development of both internal and external Shari’ah audit practice using the risk-based approach. Social implications The RBSA framework contributes to promoting public trust and confidence in the Islamic finance industry. Originality/value This paper has proposed this RBSA framework as a practical work tool for Shari’ah auditors in their engagements and regulators in promoting sound governance and financial system stability. It provides foundation for future researchers in the field.

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Money laundering influence on financial institutions and ways to retaliate

Journal of Money Laundering Control ◽

10.1108/jmlc-11-2021-0123 ◽

2022 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Darshan Kumar ◽

Mark Eshwar Lokanan

Keyword(s):

Money Laundering ◽

Financial Institutions ◽

Insurance Companies ◽

Board Members ◽

Content Type ◽

Upper Management ◽

Secondary Sources ◽

Study Approach ◽

Bank Money

Purpose This paper aims to advance the professional knowledge, experience and expertise of anti-money laundering (AML) professionals by focusing on how money laundering (ML) impacts a variety of financial institutions (FIs) and in what ways the FIs can retaliate to detect, prevent and mitigate the risk of ML. Design/methodology/approach This paper use data from secondary sources. Many FI cases have been included such as a bank money service business (MSB) and insurance companies. Findings There should be a culture of compliance in organizations. Upper management, such as a designated committee or board members, should set the tone of compliance. Money launderers take advantage of every possible opportunity to convert illicit proceeds into clean proceeds with any institution or profession. Originality/value This paper used a case study approach to study the nuances of money laundering activities in various jurisdictions.

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