scholarly journals BANK SYARIAH : Antara Labelisasi dan Pemberdayaan Ekonomi Masyarakat

2018 ◽  
Vol 4 (1) ◽  
pp. 54-70
Author(s):  
Mansur Mansur

The concept of Syariah Bank empowerment of the community's economy through its products such as: Mudharabah, Musyarakah, Murabahah, Kafala, and others, is a banking service that reflects its concern for improving the economy and welfare of the poor. While the weaknesses in the internal field such as inadequate institutional factors, and external factors, such as the readiness of the community to accept the presence of the Syariah Bank, are welcome in the National banking system, provided they are accompanied by high progression. The labeling of "syariah" in a bank is intended as a banking system in accordance with Islamic Law (Syariah) which is rahmatan lil ‘alamin. While the influence of labeling in the context of community economic empowerment is not so significant. Because, there is more needed is the quality of service and ease of access. In addition, the formalization of religion has the potential to be misused by its role to be so particular. In fact, for non-Muslims it is considered a political-economic institution founded on religious sentiments. Thus, the position of Bank Syariah is still ambiguous between community economic empowerment or formalization of religion.

2021 ◽  
pp. 276-286
Author(s):  
Roman Sergeevich Gubanov

Money is studied through the prism of new approaches to the interpretation of its essence and taking into account the retrospective data on the nature and causes of money. The dynamics and structure of cash in circulation are presented, and the features of its circulation in the national financial system are revealed. The article examines the issues of money classification in the context of changing the strategy of their use in money circulation. The article analyzes the structure of banknotes and coins in monetary circulation in Russia. A comparative assessment of the dynamics of cash in the Russian circulation system for the period from 2020 to 2021 is given. The article describes the foreign practice of implementing the refundable cash benefit mechanism in the system of regulation and control of the cash supply in circulation as a tool for improving the efficiency of innovation activities. The priorities of cash distribution in the leading countries of the world are identified, on the basis of which the article concludes that the monetary policy in Japan, Switzerland and the United States is prioritized in the system of solving problems to improve the quality of money distribution in the global financial space. The article examines the positive experience of Brazil in adapting the money circulation system after the COVID-19 pandemic to the new realities and prospects for the development of the global money market. The policy of concessional lending and the provision of financial assistance at the expense of the resources of the national banking system through the implementation of government programs reflects the result of the transformation of the money supply into a system of social transfers.


Asy-Syari ah ◽  
2014 ◽  
Vol 16 (1) ◽  
Author(s):  
Abdul Hamid

The existence of Islamic Law Banking in Indonesia has been recognized and known from the Banking Law Number 7 of 1992. This continued with the Banking Law Number 10 of 1998 Juncto Number 7 of 1992, and it is finally regulated with the Banking Law Number 21 of 2008 which confirms that Islamic banking is part of the national banking system. This paper will explain the transformation process of Islamic law into Sharia banking rule in Indonesia. As described in some literatures that Shariah Bank is one of the financial Islamic instru­ments and institutions. So, I can say that the existence of Shariah bank is the representation of the principles of Islamic economics in fiqh muamalah and the implementation of the Islamic economics norms which can help to improve the economic performance in Indonesia.


2017 ◽  
Vol 14 (1) ◽  
pp. 227-235 ◽  
Author(s):  
Rostyslav Slav’yuk ◽  
Lyudmyla Shkvarchuk ◽  
Iryna Kondrat

Financial imbalance is the reason of a macroeconomic instability. This study aims at identifying the institutional causes of financial markets imbalance. The authors consider that financial intermediaries in Ukraine work in a speculative market segment carrying out high-risk transactions with the purpose of earning a huge profit. In fact, in Ukraine the role of these institutions in the investment process financing is insignificant. The authors show that soundness of banks along with the ease of access to loans and a low level of confidence in national banking system are the main reasons of instability in financial market in Ukraine. Due to scarcity of financial capacity and refusal to carry out transactions in a high-risk market segments, insurance companies are unable to entirely perform functions of risk redistribution. Competitiveness of Ukrainian financial market remains low with a limited financial services nomenclature and it may be considered to be attractive for potential foreign investors.


2017 ◽  
Vol 8 (3) ◽  
pp. 45-58 ◽  
Author(s):  
Le Van Huy ◽  
Pham Long ◽  
Aidan O'Connor ◽  
Pham Dinh Tuyen

In the current technological age, once traditional means of delivering services to customers are losing its dominant position, the application of the Internet has evolved as an innovatively supporting alternative for attracting customers, especially in banking service. In that aspect, customers' perception of online banking service through the delivery of website quality (Webqual) remains the main concern for bank's managers in Vietnamese banking system because customers are easily inclined to another banking service provider due to their poor website-operated experience. Based on the evaluation of factors influencing on banking website quality, its relationship to customer satisfaction and retention, this article suggests the measurement of electronic Customer Satisfaction Index (e-CSI) of perceived banking website quality by three most developed banks of Vietinbank, Vietcombank and BIDV in central Vietnam, from which provides insights that may be useful for improving the quality of online banking service.


2009 ◽  
pp. 132-143
Author(s):  
K. Sonin ◽  
I. Khovanskaya

Hiring decisions are typically made by committees members of which have different capacity to estimate the quality of candidates. Organizational structure and voting rules in the committees determine the incentives and strategies of applicants; thus, construction of a modern university requires a political structure that provides committee members and applicants with optimal incentives. The existing political-economic model of informative voting typically lacks any degree of variance in the organizational structure, while political-economic models of organization typically assume a parsimonious information structure. In this paper, we propose a simple framework to analyze trade-offs in optimal subdivision of universities into departments and subdepartments, and allocation of political power.


2017 ◽  
pp. 83-99
Author(s):  
Elisabetta Mafrolla ◽  
Viola Nobili

This paper investigates whether and at what extent private firms reduce the quality of their accruals in order to signal a better portrait to the bank and obtain new or larger bank loans. We measure earnings discretionary accruals of a sample of Italian private firms, testing whether new and larger bank loans are associated with a higher (lower) quality of earnings in borrowers' financial reporting. We study bank loan levels and changes and how they impact discretionary accruals and found that, surprisingly, private firms' discretionary accruals are systematically positively affected by an increase in bank loans, although they are negatively affected by the credit worthiness rating assigned to the borrowers. We find that the monitoring role of the banking system with regard to the adoption of discretionary accruals is effective only when the loan is very large. This paper may have implications for policy-makers as it contributes to the understanding of the shortcomings of the banking regulatory system. This is an extremely relevant issue since the excessive amount of non-performing loans held by Italian banks recently threatened the stability of the European Banking Union as a whole.


2020 ◽  
Vol 3 (1) ◽  
pp. 41-52
Author(s):  
Andrew Shandy Utama

This research aims to explain the direction of policy regarding supervision of Islamic banking in the banking system in Indonesia. The method used in this research is normative legal research using the statutory approach. The results of this research explain that the policy regarding supervision of Islamic banking in the national banking system in Indonesia is headed toward an independent direction. In Law Number 7 of 1992 and Law Number 10 of 1998, it is stated that supervision of Islamic banking is done by Bank Indonesia as the central bank. Based on Law Number 21 of 2008, supervision of Islamic banking is strengthened by not only being supervised by Bank Indonesia, but also by the National Sharia Council of the Majelis Ulama Indonesia by placing Sharia Supervisory Councils in each Islamic bank. After the ratification of Law Number 21 of 2011, supervision of Islamic banking moved from Bank Indonesia to an independent institution called the Financial Services Authority.


Author(s):  
Munawar Haque

Abstract  The purpose of this article is to explore the views of Sayyid Abul AÑlÉ MawdËdÊ[1] on ijtihÉd.[2] It intends to trace the origins of MawdËdÊ’s ideas within the social, cultural and political context of his time, especially the increasing influence of modernity in the Muslim world.  The study will show that MawdËdÊ’s understanding of ijtihÉd and its scope demonstrates originality.  For MawdËdÊ, ijtihÉd is the concept, the process, as well as the mechanism by which the SharÊÑah,[3] as elaborated in the Qur’Én and the Sunnah[4] is to be interpreted, developed and kept alive in line with the intellectual, political, economic, legal, technological and moral development of society.  The notion of ijtihÉd adopted by MawdËdÊ transcends the confines of Fiqh[5] (jurisprudence) and tends therefore to unleash the dormant faculties of the Muslim mind to excel in all segments of life.   [1] Sayyid Abul AÑlÉ MawdËdÊ was born on September 25, 1903 in Awrangabad, a town in the present Maharashtra state of India in a deeply religious family.  His ancestry on the paternal side is traced back to the Holy Prophet (peace be upon him).  The family had a long-standing tradition of spiritual leadership, for a number of MawdËdÊ’s ancestors were outstanding leaders of ØËfÊ Orders.  One of the luminaries among them, the one from whom he derives his family name, was KhawÉjah QuÏb al-DÊn MawdËd (d. 527 AH), a renowned leader of the ChishtÊ ØËfÊ Order. MawdËdÊ died on September 22, 1979. See Khurshid Ahmad and Zafar Ishaq Ansari, “MawlÉnÉ Sayyid Abul AÑlÉ MawdËdÊ: An Introduction to His Vision of Islam and Islamic Revival,”, in Khurshd Ahmad and Zafar Ishaq Ansari (eds.) Islamic Perspectives: Studies in Honour of MawlÉnÉ Sayyid Abul A’lÉ MawdËdÊ,  (Leicester: The Islamic Foundation,1979), 360. [2]  In Islamic legal thought, ijtihÉd is understood as the effort of the jurist to derive the law on an issue by expending all the available means of interpretation at his disposal and by taking into account all the legal proofs related to the issue.  However, its scope is not confined only to legal aspect of Muslim society.  MawdËdÊ’s concept of ijtihÉd is defined as the legislative process that makes the legal system of Islam dynamic and makes its development and evolution in the changing circumstances possible.  This results from a particular type of academic research and intellectual effort, which in the terminology of Islam is called ijtihÉd.  The purpose and object of ijtihÉd is not to replace the Divine law by man made law.  Its real object is to properly understand the Supreme law and to impart dynamism to the legal system of Islam by keeping it in conformity with the fundamental guidance of the SharÊÑah and abreast of the ever-changing conditions of the world.  See Sayyid Abul AÑlÉ MawdËdÊ, The Islamic Law and Constitution, translated and edited by Khurshid Ahmad, (Lahore: Islamic Publications Ltd, 1983), 76.[3] SharÊÑah refers to the sum total of Islamic laws and guidance, which were revealed to the Prophet MuÍammad (peace be upon him), and which are recorded in the Qur’Én as well as deducible from the Prophet’s divinely guided lifestyle (called the Sunnah). See Muhammad ShalabÊ, al-Madkhal fÊ at-TaÑ’rÊf  b alil-Fiqh al-IslÉmÊ, (Beirut: n.p., 1968),.28.[4]Sunnah is the way of life of the Prophet (peace be upon him), consisting of his sayings, actions and silent approvals. It is also used to mean a recommended deed as opposed to FarÌ or WÉjib, a compulsory one.[5]  Originally Fiqh referred to deliberations related to one’s reasoned opinion, ra’y.  Later the expression Fiqh evolved to mean jurisprudence covering every aspect of Islam.  It is also applied to denote understanding, comprehension, and profound knowledge. For an excellent exposition on the meaning of Fiqh, see Imran Ahsan Khan Nyazee, Theories of Islamic law: The methodology of ijtihÉd, (Delhi: Adam Publishers & Distributors, 1996), 20-22.


2020 ◽  
Author(s):  
Yukihiko Hamada ◽  
Khushbu Agrawal

Money is a necessary component of any democracy: it enables political participation, campaigning and representation. However, if it is not effectively regulated, it can undermine the integrity of political processes and institutions, and jeopardize the quality of democracy. Therefore, regulations related to the funding of political parties and election campaigns, commonly known as political finance, are a critical way to promote integrity, transparency and accountability in any democracy. Political finance regulations must adapt and adjust to political, economic and societal changes. This report contributes to the discussion of the future of political finance by exploring the following trends, opportunities and challenges related to money in politics that need to be taken into consideration when improving political finance systems: • mainstreaming political finance regulations into an overall anti-corruption framework; • supporting the implementation of existing political finance regulations and monitoring their performance; • harnessing digital technologies to ensure transparency and accountability in political finance; and • designing targeted political finance measures to encourage the inclusion of underrepresented groups in politics.


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