scholarly journals KONTRUKSI AKAD MUDHÂRABAH DALAM FATWA DEWAN SYARIAH NASIONAL-MAJELIS ULAMA INDONESIA NOMOR: 03/DSN-MUI/IV/2000 TENTANG DEPOSITO

2020 ◽  
Vol 1 (1) ◽  
pp. 61-79
Author(s):  
Panji Adam Agus Putra
Keyword(s):  
Financial Institutions ◽  
Research Method ◽  
Legal Status ◽  
Islamic Banks ◽  
Literature Study ◽  
Fund Manager ◽  
Investment Funds ◽  
Islamic Bank ◽  
Islamic Financial Institutions ◽  
Multi Level

Deposits in Islamic banks are investment funds based on mudhârabah agreements or other contracts that are not in conflict with Islamic principles. This is stated in the DSN-MUI fatwa No: 03 / DSN-MUI / IV / 2000 Concerning Deposits, where the Islamic bank acts as the fund manager and the customer is an investor. In the level of implementation, the fund manager (mudhârib) re-invests or re-mudhârabah, then there is a multi-level mudhârabah contract which the islamic jurist has debated its legal status. The research method based on the normative juridical approach with the specification used is analytical descriptive and the data collection method used is literature study. Takyif fiqh and contract construction in sharia deposits, according to the author that the contract used in the implementation of the National Sharia Council No: 03 / DSN-MUI / IV / 2000 Concerning Deposits is mudhârib yudhârib contract; mudhârib al-wasȋth or commonly called mudhârabah birthday. In this case the Islamic bank in addition to being domiciled as mudhrib (in the first mudhârabah contract), the Islamic bank was also at the same time as shâhib al-māl (in the second mudhârabah contract). Based on the opinion of the rajj (superior) among the scholars, the law of carrying out a multilevel mudhârabah agreement or commonly referred to as mudhârib yudhârib (re-mudhârbah) is permissible based on two considerations, namely consideration of 'urf / habit (in this case the habits in the Islamic financial institutions) ) and the concept of absolute mudhârabah.Keywords: mudharabah contract, deposit, DSN-MUI fatwa

JURIDICAL NORMATIVE REVIEW OF CONVERSION CONVENTIONAL BANKS INTO ISLAMIC BANK AFTER THE PROMULGATION OF QANUN ACEH CONCERNING SHARIA FINANCIAL INSTITUTIONS

2020 ◽  
Vol 3 (2) ◽  
pp. 113-126
Author(s):  
Fahrul Fauzi
Keyword(s):  
Financial Institutions ◽  
Islamic Banks ◽  
Literature Study ◽  
Islamic Bank ◽  
Islamic Financial Institutions ◽  
Conventional Banks ◽  
Conventional Bank

Nowadays, Islamic banks in Indonesia continue to experience growth, one of which is in the Province of Nanggroe Aceh Darussalam. In Aceh, in order to support Islamic financial institutions, Qanun No. 11 of 2018 concerning Islamic Financial Institutions has been formed. It is interesting to review the provisions of Article 65 which reads "When this Qanun comes into force, financial institutions operating in Aceh must adjust to this Qanun no later than 3 (three) years from the enactment of this Qanun". These provisions have an impact on every conventional bank in Aceh that must adjust to Islamic principles. In order to continue to run its business activities in Aceh, conventional banks must make adjustments to implement sharia principles. One form of adjustment is to convert conventional banks into Islamic banks as stipulated in the OJK Regulation Number 64/POJK.03/2016. The approach used by the author in analyzing this problem is a normative juridical approach supported by the literature study method.

scholarly journals Pengaruh Pemahaman Operasional Bank Syariah dan Penerapan Qanun Lembaga Keuangan Syariah Di Aceh Terhadap Minat Berinvestasi Pada Saham Bank Syariah (Studi Kasus Nasabah RHB Sekuritas Aceh)

2021 ◽  
Vol 2 (2) ◽  
pp. 136-148
Author(s):  
Armad Maulidan ◽  
Ismuadi Ismuadi
Keyword(s):  
Financial Institutions ◽  
Questionnaire Survey ◽  
Research Method ◽  
Quantitative Research ◽  
Positive Impact ◽  
Primary Data ◽  
Islamic Banks ◽  
Islamic Bank ◽  
Islamic Financial Institutions ◽  
Quantitative Research Method

This research is important to do to see the effect of the implementation of the qanun of Islamic financial institutions that have been implemented in Aceh on the interest in investing in Islamic bank shares because the implementation of the qanun has a positive impact on Islamic banks. The research method used is a quantitative research method, the data used are primary data using a questionnaire survey, the results of this study indicate that the operational understanding of Islamic banks has an effect on interest in investing in Islamic bank shares but is not significant and the application of the qanun of Islamic financial institutions in Aceh has an effect on interest investing in Islamic bank shares is very significant while simultaneously having a significant effect on interest in investing in Islamic bank shares.

scholarly journals FINANCING TO DEPOSIT RATIO (FDR) SEBAGAI SALAH SATU PENILAIAN KESEHATAN BANK UMUM SYARIAH (Study Kasus Pada Bank BJB Syariah Cabang Serang)

2016 ◽  
Vol 7 (1) ◽  
Author(s):  
DIDIN RASYIDIN
Keyword(s):  
Qualitative Research ◽  
Risk Management ◽  
Financial Institutions ◽  
Research Method ◽  
Liquidity Risk ◽  
Islamic Banks ◽  
Qualitative Research Method ◽  
Islamic Bank

Abstract. Study on Assessment the Commercial Islamic Bank by Financing to Deposit Ratio (FDR) at BJB Syariah Serang. Islamic bank is a bank that operates without relying on interest. Islamic banks can also be interpreted as financial institutions/ banks operations and products are developed based on the Quran and Hadith. Antonio and Perwataatmadja distinguish two senses, namely the Islamic banks and banks operating with Islamic Shari'a principles. Islamic Bank is a bank that operates with Islamic Shari'a and an ordinance operating refers to the provisions of the Qur'an and hadith. The purpose of this study is to determine how percentage and how does the calculation of Financing to Deposit Ratio of Bank Jawa Barat Syariah at the end of 2013. The method used in this research is descriptive cualitative method. Qualitative research method is a method to investigate an object that can not be measured by numbers or other sizes that are exact. The conclusion of the study is the Financing to Deposit Ratio (FDR) at Bank BJB Syariah is 104.28%. This means that banks liquidity ability to anticipate the needs of liquidity and liquidity risk management is weak is ranked fourth compositeAbstrak. Financing to Deposit Ratio (FDR) Sebagai Salah Satu Penilaian Kesehatan Bank Umum Syariah (Study Kasus Pada Bank BJB Syariah Cabang Serang). Bank syariah adalah bank yang beroperasi tanpa mengandalkan bunga. bank syariah juga dapat diartikan sebagai lembaga keuangan yang operasional dan produknya dikembangkan berdasarkan Al-Quran dan Hadis. Antonio dan Perwataatmadja membedakan dua pengertian, yaitu bank syariah dan bank yang beroperasi dengan prinsip syariat Islam. Bank syariah adalah bank yang beroperasi dengan syariat dan tata cara Islam yang mengacu pada ketentuan Al-Qur'an dan hadits. Tujuan dari penelitian ini adalah untuk menentukan bagaimana persentase dan bagaimana perhitungan Financing to Deposit Ratio Bank Jawa Barat Syariah pada akhir 2013. Metode yang digunakan dalam penelitian ini adalah metode deskriptif analisis kualitatif. Kesimpulan dari penelitian ini adalah Pembiayaan to Deposit Ratio (FDR) di Bank BJB Syariah adalah 104,28%. Ini berarti bahwa kemampuan likuiditas bank untuk mengantisipasi kebutuhan likuiditas dan manajemen risiko likuiditas lemah berada di peringkat keempat.

scholarly journals Analysis of the Concept of Bill Discounting in Sharia Banking (DSN-MUI Fatwa Study No. 58/DSN-MUI/V/2007)

2021 ◽  
Vol 4 (1) ◽  
pp. 337-348
Author(s):  
Sahlan Sahlan
Keyword(s):  
Financial Institutions ◽  
Common Good ◽  
Research Method ◽  
Islamic Banking ◽  
The Common Good ◽  
Islamic Bank ◽  
Library Research ◽  
Islamic Financial Institutions ◽  
The Common ◽  
Bank Bill

This research examines the analysis of the DSN-MUI fatwa No. 58 / DSN-MUI / V/ 2007 concerning Hiwālah practice which is currently being applied in Islamic Financial Institutions. Bill discounting is a contract for providing services to a Sharia (Islamic) Bank in the form of takeover of customer debt by the Bank. Bill discounting is not intended to seek profit, but to facilitate the implementation of financing because Bill Discounting includes multi-service financing. The main objective of DSN-MUI in implementing the contract is to maintain the common good. Thus allowing for quick and simultaneous debt settlement. In this article, the main problem is how the concept of bill discounting in Islamic Banking according to the DSN fatwa No. 58 / DSN-MUI / V / 2007. The research method used is library research with the uṣūlī approach. The conclusion of this study is that one of the principles of DSN is hifż al-māl (safeguarding assets) with financial institutions obliged to safeguard (amānah) customers' funds as well as possible.

The determinants of the choice of Islamic banks in Tunisia

2016 ◽  
Vol 34 (5) ◽  
pp. 710-730 ◽  
Author(s):  
Moez Ltifi ◽  
Lubica Hikkerova ◽  
Boualem Aliouat ◽  
Jameleddine Gharbi
Keyword(s):  
Financial Institutions ◽  
Demographic Characteristics ◽  
Islamic Finance ◽  
Islamic Banks ◽  
Content Type ◽  
Islamic Bank ◽  
Gender And Age ◽  
Islamic Financial Institutions ◽  
Selection Of

Purpose – The purpose of this paper is to determine the explanatory factors for the selection of Islamic banks and evaluate the moderating role of demographic characteristics. This study seeks to better understand these determinants in Tunisia, a country with a developing Islamic finance system and a culture different from those in other Muslim countries studied in the literature. Design/methodology/approach – The authors developed a two-sided approach: a quantitative survey and 12 semi-structured interviews based on four customer segments identified by the quantitative study. For the survey, data were collected from 180 Islamic bank clients in Tunisia. The factors adopted for the selection of an Islamic bank are service quality, trust, and compliance with Sharia (Islamic) law. The authors identified and measured the selection criteria using a factor analysis, regression analysis, and demographic characteristics analysis. Findings – Customers consider several factors while choosing an Islamic bank: the quality of service offered by the financial institutions, trust, and (especially) compliance with Sharia law. Moreover, gender and age appear to be the only moderators between the selection of an Islamic bank and these determinants. Practical implications – This study offers Islamic banks a better understanding of how Tunisian customers select financial institutions. These banks must consider the different determinants of choice in order to create value for consumers and prepare their marketing strategies. The authors identify four customer segments based on gender and age by which the banks may improve their positioning and market share, thus contributing to the development of Islamic financial institutions in Tunisia. Originality/value – This is the first study of its kind in Tunisia, where the market share of Islamic finance remains low. The study enriches the Islamic marketing literature on the quality of Islamic financial institutions’ service, trust, and compliance with Sharia law. It also tests demographic characteristics as moderators. The results and implications of this research can be applied to countries similar to Tunisia.

scholarly journals Do sharia compliance affect Islamic Banks performance? Evidence from Islamic Banks in Indonesia

2019 ◽  
Vol 7 (3) ◽  
pp. 12
Author(s):  
Inten Meutia ◽  
Mohammad Adam ◽  
Rulyanti Susi Wardhani
Keyword(s):  
Content Analysis ◽  
Financial Institutions ◽  
Best Practice ◽  
Annual Report ◽  
Statistical Tests ◽  
Annual Reports ◽  
Islamic Banks ◽  
Islamic Bank ◽  
Islamic Financial Institutions ◽  
Governance Instruments

Sharia compliance is very important for Islamic financial institutions. This study has two objectives, namely to determine the level of sharia compliance in Islamic banks in Indonesia, as well as to prove whether the sharia compliance affects the performance of Islamic banks in Indonesia. To prove this, the researcher observed the annual report of 11 Islamic banks in Indonesia for the period 2012 to 2016. Sharia compliance is measured through the level of sharia governance in Islamic banks. Sharia governance instruments used refer to Hasan (2011). While the performance of Islamic banks is measured by ROA and ROE. Content analysis is used to identify sharia governance disclosures in annual reports. The study revealed that, on average the level of sharia compliance of Islamic bank in Indonesia is at the level of best practice. While the results of statistical tests prove that there is no significant effect sharia compliance on the performance of Islamic banks both measured by ROA and ROE.

scholarly journals COMPARISON OF SHARIA AUDITING AND SHARIA ACCOUNTING IN THE ERA OF INDUSTRIAL REVOLUTION 4.0

2021 ◽  
Vol 2 (1) ◽  
pp. 24-38
Author(s):  
Hisam Ahyani
Keyword(s):  
Financial Institutions ◽  
Research Method ◽  
Qualitative Data ◽  
Industrial Revolution ◽  
Financial Institution ◽  
Accounting System ◽  
Islamic Banks ◽  
Islamic Financial Institutions ◽  
Branding Value ◽  
A Company

This research is based on the neglect and lack of socialization of sharia auditing and sharia accounting in an era that is all digital like today. The purpose of this research is to determine the extent of the urgency of sharia auditing and accounting if it is applied in Indonesia, especially in the era of disruption like today, where the current era of disruption has created a separate challenge from the existence of sharia audits and operations which continue to experience developments in the scope of the sharia economy. especially in Indonesia. The research method used in scientific research is literature review by reviewing literature (books and journals and other articles) that support the themes to be discussed (sharia auditing and accounting). The nature of this research is descriptive-analytic using qualitative data analysis. This study resulted in the finding that the urgency of sharia auditing is needed, especially in Islamic banks or non-bank institutions such as LKS (Islamic financial institutions) in Indonesia. Sharia accounting is needed in order to increase the branding value of a company from the accounting system used to ensure the superiority of a bank or Islamic financial institution in Indonesia, especially in the era of disruption (industrial era 4.0) as it is today.

scholarly journals KONSEP MURABAHAH DAN APLIKASINYA DALAM PERBANKAN SYARIAH

2019 ◽  
Vol 1 (1) ◽  
pp. 29-36
Author(s):  
Hikmah Dwi Astuti
Keyword(s):  
Financial Institutions ◽  
Islamic Banks ◽  
Islamic Bank ◽  
Bank Financing ◽  
Islamic Financial Institutions ◽  
Risky Option ◽  
Level Of Risk

ABSTRACT In practice more Islamic banks use murabahah contracts than other contracts. Endemic characteristics that are certain in the amount of installments and margins also give rise to the perception that the use of murabahah contracts can reduce the level of risk of financing. In fiqh there is indeed no portfolio arrangement in Islamic financial institutions. Then institutionally, the choice of murabahah contract compared to other contracts is the most attractive, profitable and least risky option so that the bank is basically allowed to prioritize murabahah in its product contract. Keyword: Murabahah, Islamic Bank, Financing.

scholarly journals Proposed financial ratios and indicators to measure unlawful gain in Islamic financial institutions An applied study on Faisal Islamic Bank of Egypt: نسب ومؤشرات مالية مقترحة لقياس الكسب غير الشرعي في المؤسسات المالية الإسلامية دراسة تطبيقية على بنك فيصل الإسلامي المصري

2020 ◽  
Vol 4 (2) ◽  
Author(s):  
Osama Abdelmonge Yousef
Keyword(s):  
Financial Institutions ◽  
Analytical Study ◽  
Financial Ratios ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Actual Measurement ◽  
Islamic Bank ◽  
Applied Study ◽  
Islamic Financial Institutions ◽  
Accounting Ratios

The study of determining the rate of unlawful gain is an important issue in Islamic banking in order to calculate Zakat of halal money, as well as to encourage Muslims to deal with Islamic banks. Therefore, the current study aims to produce a proposal including ratios and indicators of unlawful gain in Islamic banks through a critical and an analytical study of the ratios and indicators mentioned in some previous studies. Meanwhile, the study will suggest some accounting ratios to complement those ratios and indicators stated in the literature, and analyze them in a way to be useful for stakeholders and other investors. This study reached a number of conclusions and recommendations, the most important of which is the need for the attention of Islamic financial institutions to analyze the rates of unlawful gain, disclosure and methods of disposal, the actual measurement of the forbidden funds in the mixed money and when it is impossible to measure the estimated forbidden money with the reserve to take out what is more than most likely Pious and obedient.

scholarly journals Kesiapan Penerapan Hedging Syariah pada Perbankan Indonesia

AL-TIJARY ◽  
2019 ◽  
Vol 4 (2) ◽  
pp. 95-108
Author(s):  
Yunisa Fitriana
Keyword(s):  
Exchange Rates ◽  
Financial Institutions ◽  
Research Method ◽  
Qualitative Approach ◽  
Islamic Banking ◽  
Islamic Banks ◽  
The Third ◽  
Business Units ◽  
Interview Methods ◽  
Islamic Financial Institutions

sharia hedging/ hedging transactions based on DSN Fatwa No. 96 by using sharia commodity instruments is a new thing in Indonesia, so that more in-depth studies are needed to analyze the readiness of Islamic banks in implementing sharia hedging / hedging transactions on exchange rates based on DSN No. Fatwa. 96 for ‘aqd al-tahawwuth bi al-sil’ah (using sharia commodities).The research method used is a qualitative approach with survey and interview methods, based on (a) Total assets of Islamic Financial Institutions (LKS) / Sharia Business Units (UUS). (b) Availability of being a respondent. (c) Respondents know well the mechanism in the DSN Fatwa No. 96. The results of this study found that (1) Issuance of DSN 96 Fatwa for the third mechanism has not been applied by Islamic banking. (2) Regulators (BI, OJK and related regulators) have not been able to provide detailed regulations related to Islamic hedging / hedging. (3) Commodities that can be transacted by the third mechanism are limited to coal, gold, bauxite.

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