scholarly journals Peranan Pemerintah Dalam Mendorong Pertumbuhan Bank Syariah

2020 ◽  
Vol 1 (1) ◽  
pp. 72-83
Author(s):  
Ishak Trianda
Keyword(s):  
Banking Industry ◽  
National Development ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Banking And Finance ◽  
Finance Industry ◽  
Industry Competition ◽  
The World ◽  
Economic Foundation ◽  
National Industry

Pemerintah Indonesia sebagai motor penggerak pembangunan nasional. Sudah saatnya melakukan planning ke depan untuk menjadikan Indonesia sebagai pusat sentral ekonomi syariah dunia. Untuk itu perlu akselerasi daya saing industri ekonomi syariah nasional. Diawali dengan menyiapkan anggaran yang significan untuk sosialisasi terhadap perangkat-perangkat pendukung yang membuat bangkit dan berkembangnya ekonomi syariah tersebut khususnya perbankan syariah. Diantaranya menyiapkan sumber daya manusia yang handal diperkirakan kedepan membutuhkan 200 ribu tenaga kerja baru untuk keuangan dan perbankan syariah, menyiapkan angggaran sosialisasi terhadap sekitar 85 % penduduk Indonesia yang beragama Islam ( 240 juta jiwa) calon pengguna dan pemanfaat industri keuangan perbankan syariah tanah air. Termasuk keseluruh pesantren di 33 propinsi Indonesia ( 25 ribu pesanteren), pada 3,7 juta santri dan sejumlah kelompok usaha mikro syariah dan BMT. Diharapkan nantinya menjadi penopang pembangunan nasional agar mampu membangun pondasi ekonomi yang kuat, regulasi, persaingan industri yang sehat, pelaku industri modern, teknologi tepat guna sehingga menopang efisiensi industri. Sehingga pada saatnya menjadikan Indonesia sebagai motor penggerak ekonomi syariah dunia melampaui Arab Saudi, Iran dan Malaysia. Sangat memungkinkan, karena saat ini juga perkembangan ekonomi syariah Indonesia terus tumbuh mencapai 40 % setiap tahun dibandingkan pertumbuhan ekonomi konvensional hanya 19 %. Bahkan saat ini Indonesiapun dapat disebut negara dengan industri keuangan syariah terbesar di dunia karena memiliki lebih 20 ribu buah koperasi syariah dan Balai Mandiri Syariah Terpadu.Kata kunci : Sentral Ekonomi Syariah, Akselerasi, SosialisasiAbstractIndonesian government as a driving force of national development. It is time to do the planning ahead to make Indonesia as the central hub of Islamic finance world. It is necessary to accelerate the competitiveness of the national industry of Islamic finance. Begins with setting up a budget that significan to disseminate the devices that make up and support the development of Islamic economics is particularly Islamic banking. Among prepare qualified human resources estimated future need 200 thousand new workers for the Islamic banking and finance, preparing budget socialization of around 85% of Indonesia's population is Muslim (240 million) of potential users and beneficiaries of Islamic Banking industry country. Including schools in 33 provinces throughout Indonesia (25 thousand pesanteren), at 3.7 million students and a number of Islamic micro business group and BMT. Expected later became the backbone of national development in order to be able to build a strong economic foundation, regulatory, industry competition is healthy, modern industry, appropriate technologies that support the efficiency of the industry. So that in time to make Indonesia as the Islamic world's economic powerhouse surpassed Saudi Arabia, Iran and Malaysia. It is possible, because today the development of Islamic finance Indonesia continues to grow at 40% per year compared to conventional economic growth is only 19%. Even today Indonesia to be called the country with the largest Islamic finance industry in the world because it has more than 20 thousand pieces and cooperative Islamic Syariah Mandiri Integrated Hall.Key words : Shari’a Economics Center, Accelerate, Sosialization

scholarly journals ISU GLOBAL PEREKONOMIAN ISLAM: Telaah Kritis terhadap Tata Kelola dan Aktivitas Lembaga-lembaga Keuangan Islam

2016 ◽  
Vol 1 (2) ◽  
pp. 111
Author(s):  
Muhdi Kholil
Keyword(s):  
Financial Institutions ◽  
Islamic Finance ◽  
Islamic Banking ◽  
International Forum ◽  
Banking And Finance ◽  
Finance Industry ◽  
Financial Products ◽  
Economic Practice ◽  
The World ◽  
Islamic Economic

<p>Indonesia is to be known widely by the world, which has Islamic finance system different from most countries. Indonesia which is in the international forum of financial syriah known "orthodox" or conservative in the application of Islamic principles recognized the economic practice of Islam which is closer to the economic substance of Islam, and relatively completed all aspects of the economy. Islamic economic development not only in the sectors has been developed such as banking, capital markets and non-bank financial institutions other, but also in extended development of the microfinance sector,  social and financial practices of real business to meet Islamic principles.</p><p>The composition and transaction of Islamic financial products’ Indonesia is a fact that is not owned by other countries which are also developing Islamic banking and finance industry. No wonder, since the majority of developing countries in the world of sharia finance industry with the approach of imitation (mimicry) with conventional, and many experts doubt the originality/economic system of Islamic finance, both conventional and expert on Islamic scholars. But on many opportunities, from seminars, conferences and working group forum, many countries are aware that Indonesia has a different form of sharia industry, the application of Islamic finance that has another color.</p><p>Keyword: Economics, Sharia, Indonesia.</p>

scholarly journals The Role of Musharakah in the Economic Development of Tehsil Dargai, District Malakand, Khyber Pakhtunkhwa, Pakistan

2019 ◽  
Vol 6 ◽  
pp. 80-97
Author(s):  
Suhail Ahmad ◽  
Ejaz Aslam ◽  
Prof. Dr. S. Ghiasul Haq ◽  
Prof. Dr. Mohd Ma'Sum Billah
Keyword(s):  
Response Rate ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Limited Data ◽  
Khyber Pakhtunkhwa ◽  
Banking And Finance ◽  
Finance Industry ◽  
Muslim Countries ◽  
Job Opportunities

Islamic finance industry has been growing for the last twenty years, both in Muslim and non-Muslim countries around the world. There are different modes of Islamic finance which provide job opportunities across the globe. In Pakistan, the contemporaneous growth of Islamic banking and finance is not different from other countries. Islamic banking and finance does not only provide employment for individuals, indeed it also offers various products and services to customers across the country. Musharakah is a form of business in Islamic finance that is being adopted rapidly by most of the customers in Islamic banking and finance institutions. Therefore, the purpose of this study is to examine the role of Islamic finance, mainly how Musharakah is playing its due role in creating employment and maintaining sustainable development projects which in turn are causes of the development of the economy, particularly of Tehsil Dargai. For this purpose, this study collected data through a questionnaire that was randomly distributed among 100 respondents in Tehsil Dargai, District Malakand, Khyber Pakhtunkhwa (KP), Pakistan and the response rate was 60%. We found that Islamic finance is rapidly growing in Dargai; indeed, people are practicing different modes of Islamic finance and Musharakah is the most popular form of Islamic finance in this area. This study utilizes limited data because it was only conducted in Dargai.

scholarly journals Managing Shariah Non-Compliance Risk via Islamic Dispute Resolution

2019 ◽  
Vol 13 (1) ◽  
pp. 2 ◽  
Author(s):  
Maria Bhatti
Keyword(s):  
Dispute Resolution ◽  
Institutional Arrangements ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Legal Analysis ◽  
Normative Approach ◽  
Banking And Finance ◽  
Finance Industry ◽  
Governance Systems ◽  
Shariah Governance

This article discusses Shariah non-compliance risk as a form of operational risk intending to ensure that operations in the Islamic and banking finance industry comply with Shariah procedures. In the field of Islamic finance, Shariah non-compliance risk refers to the possibility that Islamic finance transactions may be challenged based on Shariah non-compliance. This article uses a comparative and normative approach as well as a legal analysis of the case of Beximco. The article proposes the management of Shariah non-compliance risk by augmenting the effectiveness of Shariah governance systems with Islamic banking and finance arbitration; arbitration should be an enforced part of Islamic finance institutional arrangements—as it always has been classically—to provide flexibility for dispute resolution. To this end, the article examines contemporary implementations of Shariah arbitration rules to assess how Shariah non-compliance risk can be better managed via Islamic dispute resolution procedures.

scholarly journals The internal challenges facing Islamic finance industry

2016 ◽  
Vol 9 (2) ◽  
pp. 222-235 ◽  
Author(s):  
Abdulazeem Abozaid
Keyword(s):  
Product Development ◽  
Design Methodology ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Content Type ◽  
Banking And Finance ◽  
Finance Industry ◽  
Development Methodology ◽  
Shariah Governance

Purpose The paper aims to highlight the challenges facing Islamic finance industry and outline the prospectus of what constitutes a sound Islamic banking product in terms of both its Shariah control and product development methodology. Design/methodology/approach The paper analytically addresses the internal challenges facing Islamic finance industry by highlighting, first, the deficiencies in the existing Shariah supervisory work and, then, the deficiencies in the product development methodology followed in Islamic banks. Findings Islamic banking and finance is facing some internal challenges which require immediate action. Although facing the external challenges may be beyond the capacity of the industry players, Islamic banks have no excuse to overlook or turn a blind eye to their internal challenges which can be overcome by enacting Shariah governance for both products and Shariah control and reforming the methodology of product development. Originality/value This paper highlights an issue that has not received the needed attention, and it proposes the necessary solutions to the problems it identifies.

Islamic Banking and Finance in India: A Kosher or Myth

2015 ◽  
Vol 1 (1) ◽  
pp. 01
Author(s):  
Aisha Badruddin
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Islamic Finance ◽  
Islamic Banking ◽  
South East Asia ◽  
Conventional System ◽  
Muslim Community ◽  
Banking And Finance ◽  
The World ◽  
The Global Financial Crisis

Islamic banking seems to be an unfamiliar concept in Indian economy. Besides having a huge potential, Islamic finance is considered to be infeasible and impractical in Indian conventional system of banking. The search for alternatives to conventional banking in the aftermath of the global financial crisis trained the spotlights on Islamic banking in many parts of the world. Today that Islamic banking has unfortunately been misunderstood in India as a religious charitable venture restricted to the country’s Muslim community. Despite its striking growth in other parts of world such as the Middle East, South East Asia (which chiefly include Malaysia and Indonesia) and Europe, it is yet to be positioned as a realistic alternative financial system and not a religious one. In this paper, an attempt is made to understand the underlying concept of Islamic banking and finance and erode some of the major misconceptions in the same context.

scholarly journals Challenges of Introducing Islamic Banking to the Global Financial Market

2018 ◽  
Vol 8 (3) ◽  
pp. 243
Author(s):  
Tahmoures A. Afshar ◽  
Majed R. Muhtaseb
Keyword(s):  
Financial Markets ◽  
International Monetary Fund ◽  
Financial Market ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Banking And Finance ◽  
The World ◽  
The International Monetary Fund ◽  
The Imf

In November 2015, the International Monetary Fund (IMF) decided to add Islamic finance to its monitoring of financial sectors around the world. The IMF traditionally has focused on conventional banking but recently it has become interested in Islamic banking and finance due to its phenomenal growth. Islamic banking assets exceed $2 trillion globally. This decision of the IMF has brought tremendous opportunity for Islamic banking constituents all over the world. However, many practitioners and supervisory authorities may not be aware of the fundamental differences between Islamic and conventional banking. This paper attempts to identify the major differences between the Conventional and Islamic Banking, and discuss the challenges of integrating Islamic banking and finance into the global financial markets.

scholarly journals Perkembangan Bank Syariah Di Asia Tenggara: Sebuah Kajian Historis

2019 ◽  
Vol 4 (1) ◽  
pp. 44
Author(s):  
Mohammad Ghozali ◽  
Muhammad Ulul Azmi ◽  
Wahyu Nugroho
Keyword(s):  
Data Collection ◽  
Southeast Asia ◽  
Statistical Data ◽  
Banking Industry ◽  
The Philippines ◽  
Research Topic ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Finance Industry ◽  
Asean Countries

The development of Islamic Banking in Southeast Asia is growing rapidly. Statistical data shows that Southeast Asia has become one of the centers for the development of the global Islamic finance industry. Literally, Indonesia and Malaysia is two countries in the region that have become dynamos for the development of the Islamic banking industry in ASEAN countries, this condition has encouraged other countries to be discussed in the development of the Islamic banking industry. The method of this paper is historical approach, which documentary methods in data collection techniques by analyzing documents that are relevant to the research topic. The conclusion of this study is that significant developments still occur in two countries, namely Malaysia and Indonesia, whereas in some countries such as Thailand, Singapore and the Philippines the development of Islamic banking is still minimal.

Does Islamic Finance Industry Lack a Certain Degree of Credibility?

2016 ◽  
Vol 4 (2) ◽  
pp. 1
Author(s):  
Aly Khorshid
Keyword(s):  
Banking Sector ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Credit Crunch ◽  
Banking And Finance ◽  
Finance Industry ◽  
High Profile ◽  
Alternative System ◽  
Golden Opportunity

Islamic banking and finance sector risks losing a golden opportunity to demonstrate an alternative system that could prevent a future credit crunch and share risks. With the conventional banking sector slowly coming to terms with its high-profile collapses and bailouts, the Islamic sector  has suffered  only mild aftershocks. The question  that comes to mind is: why are savers and investors not flocking to shariahcompliant banking? Could Islamic finance lack a certain degree of credibility? And if so, why? 

Artificial Intelligence and  NLP -Based  Chatbot for Islamic Banking and Finance

2021 ◽  
Vol 11 (3) ◽  
pp. 65-77
Author(s):  
Shahnawaz Khan ◽  
Mustafa Raza Rabbani
Keyword(s):  
Artificial Intelligence ◽  
Language Processing ◽  
Research Study ◽  
Banking Industry ◽  
Customer Engagement ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Banking And Finance ◽  
Use Of Technology

The role of artificial intelligence (AI) is becoming increasingly important in the field of banking and finance. It has come a long way, and the trend is likely to continue for some time in the future as well. This research study reviews the role of artificial intelligence and use of technology in the finance and banking industry and how AI has changed the way the banks and financial institutions do their business. Customer engagement is one of the most critical parts of the finance and banking industry. This research proposes an artificial intelligence and natural language processing (NLP)-based chatbot model for advising the customers of Islamic banking and finance. Presently, the proposed chatbot is the first chatbot that will help the Islamic finance and banking customers to interact in real time and get Islamic financial advice based on the principles of Sharia related to individual's financial needs.

scholarly journals Perkembangan Bank Syariah Di Asia Tenggara: Sebuah Kajian Historis

2019 ◽  
Vol 4 (1) ◽  
pp. 44
Author(s):  
Mohammad Ghozali ◽  
Muhammad Ulul Azmi ◽  
Wahyu Nugroho
Keyword(s):  
Data Collection ◽  
Southeast Asia ◽  
Statistical Data ◽  
Banking Industry ◽  
The Philippines ◽  
Research Topic ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Finance Industry ◽  
Asean Countries

The development of Islamic Banking in Southeast Asia is growing rapidly. Statistical data shows that Southeast Asia has become one of the centers for the development of the global Islamic finance industry. Literally, Indonesia and Malaysia is two countries in the region that have become dynamos for the development of the Islamic banking industry in ASEAN countries, this condition has encouraged other countries to be discussed in the development of the Islamic banking industry. The method of this paper is historical approach, which documentary methods in data collection techniques by analyzing documents that are relevant to the research topic. The conclusion of this study is that significant developments still occur in two countries, namely Malaysia and Indonesia, whereas in some countries such as Thailand, Singapore and the Philippines the development of Islamic banking is still minimal.

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