Pub Date : 2021-12-31DOI: 10.15408/aiq.v13i2.22418
Muhammad Fudhail Rahman, Mujhid Budi Luhur
Abstract. This study discusses the concept and function of wa'ad in the DSN-MUI Fatwa No.85/DSN-MUI/XII/2012 concerning Wa'ad in Islamic Financial and Business Transactions, changing the contract from non-binding to binding nature. This study aims to analyze wa'ad law in IMBT in terms of its risks and benefits. This study uses data from the DSN-MUI Fatwa, Islamic jurisprudence, and other scientific papers. This study finds out that IMBT combines an ijarah contract (lease) with a sale-purchase contract or a grant. The ijarah contract, the sale, and the purchase contract are linked with an agreement. In principle, the legal status of fulfilling wa'ad in Islamic finance and business transactions is binding because it will provide benefits for the Islamic economic community, and there will be no financing problems. In the DSN-MUI fatwa, the concept of "Doing two lesser evils" is used in determining the fatwa regarding promises (wa'ad) in a transaction.Keywords: Wa'ad, IMBT, Binding Promise, Islamic Jurisprudence Abstrak. Kajian ini membahas tentang konsep dan fungsi wa’ad dalam Fatwa DSN-MUI No.85/DSN-MUI/XII/2012, yang diubah dari tidak mengikat menjadi mengikat. Penelitian ini bertujuan untuk mengetahui analisis hukum wa’ad dalam IMBT ditinjau dari sisi kemaslahatan dan risikonya. Metode yang digunakan dalam penelitian ini adalah metode yuridis normative, dengan data berupa Fatwa DSN-MUI, literatur Hukum Islam/Fiqh, dan karya ilmiah lainnya. IMBT merupakan gabungan antara akad ijarah (sewa) dengan akad jual beli atau hibah. Akad ijarah dan akad jual beli diikat dengan janji. Pada prinsipnya status hukum pemenuhan janji (wa’ad) dalam transaksi keuangan dan bisnis syariah adalah mengikat karena akan memberikan manfaat bagi masyarakat ekonomi syariah dan tidak menimbulkan masalah pembiayaan. Pada fatwa DSN-MUI, konsep “Melakukan dua keburukan yang lebih ringan” digunakan dalam menentukan fatwa tentang janji (wa’ad) dalam suatu transaksi. Kata Kunci: Wa'ad, IMBT, Janji Yang Mengikat, Aturan Fiqhiyyah
{"title":"The Issues of Wa'ad IMBT in The Fatwa DSN MUI Based on Fiqhiyyah Rules","authors":"Muhammad Fudhail Rahman, Mujhid Budi Luhur","doi":"10.15408/aiq.v13i2.22418","DOIUrl":"https://doi.org/10.15408/aiq.v13i2.22418","url":null,"abstract":"Abstract. This study discusses the concept and function of wa'ad in the DSN-MUI Fatwa No.85/DSN-MUI/XII/2012 concerning Wa'ad in Islamic Financial and Business Transactions, changing the contract from non-binding to binding nature. This study aims to analyze wa'ad law in IMBT in terms of its risks and benefits. This study uses data from the DSN-MUI Fatwa, Islamic jurisprudence, and other scientific papers. This study finds out that IMBT combines an ijarah contract (lease) with a sale-purchase contract or a grant. The ijarah contract, the sale, and the purchase contract are linked with an agreement. In principle, the legal status of fulfilling wa'ad in Islamic finance and business transactions is binding because it will provide benefits for the Islamic economic community, and there will be no financing problems. In the DSN-MUI fatwa, the concept of \"Doing two lesser evils\" is used in determining the fatwa regarding promises (wa'ad) in a transaction.Keywords: Wa'ad, IMBT, Binding Promise, Islamic Jurisprudence Abstrak. Kajian ini membahas tentang konsep dan fungsi wa’ad dalam Fatwa DSN-MUI No.85/DSN-MUI/XII/2012, yang diubah dari tidak mengikat menjadi mengikat. Penelitian ini bertujuan untuk mengetahui analisis hukum wa’ad dalam IMBT ditinjau dari sisi kemaslahatan dan risikonya. Metode yang digunakan dalam penelitian ini adalah metode yuridis normative, dengan data berupa Fatwa DSN-MUI, literatur Hukum Islam/Fiqh, dan karya ilmiah lainnya. IMBT merupakan gabungan antara akad ijarah (sewa) dengan akad jual beli atau hibah. Akad ijarah dan akad jual beli diikat dengan janji. Pada prinsipnya status hukum pemenuhan janji (wa’ad) dalam transaksi keuangan dan bisnis syariah adalah mengikat karena akan memberikan manfaat bagi masyarakat ekonomi syariah dan tidak menimbulkan masalah pembiayaan. Pada fatwa DSN-MUI, konsep “Melakukan dua keburukan yang lebih ringan” digunakan dalam menentukan fatwa tentang janji (wa’ad) dalam suatu transaksi. Kata Kunci: Wa'ad, IMBT, Janji Yang Mengikat, Aturan Fiqhiyyah","PeriodicalId":53340,"journal":{"name":"AlIqtishad Jurnal Ilmu Ekonomi Syariah","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41735329","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-06-30DOI: 10.15408/aiq.v13i1.20823
D. F. Septiarini, Ulis fajar Choirotun Hisan, Matsahri Matsahri, Dian Filianti
Abstract. The development of Islamic economics has led to the growth of Islamic banking, as a financial institution based on sharia principles. This research aims to analyze the relationship of risk, profitability, company size, and macroeconomics with capital buffer of Shariah Commercial Banks Indonesia during the period of 2015-2019. The study used a quantitative approach of the regression panel data with stata13 statistical tools. This study used secondary data with a population of 14 sharia commercial banks and a sample of 12 Islamic commercial banks using purposive sampling method. BOPO, NM, ROA, and KURS (exchange rate) were found to have significant positive effects on CB. SIZE has a significant negative effect, while NPF has positive insignificant effect on CB. Islamic banks, regulators, and governments may consider risks, profitability, company size, and macroeconomic conditions in determining the size of capital buffers and maintaining the adequacy of capital owned by Islamic Banking.Keyword: Capital Buffer, Islamic Economic Systems, Shariah Banks. Abstrak. Ekonomi Islam menjadi paradigma baru yang komprehensif. Bank syariah dalam sistem ekonomi Islam merupakan lembaga keuangan dengan prinsip syariah. Penelitian ini bertujuan untuk menganalisis hubungan risiko, profitabilitas, ukuran perusahaan, dan makroekonomi dengan penyangga modal (CB) Bank umum syariah (BUS) di Indonesia pada tahun 2015-2019. Pendekatan penelitian menggunakan pendekatan data panel kuantitatif regresi dengan alat statistik stata13. Penelitian ini menggunakan data sekunder dengan populasi 14 Bank Islam dan sampel 12 bank umum syariah berdasarkan metode purposive sampling. BOPO, NM, ROA, dan KURS (nilai tukar) ditemukan memiliki pengaruh positif yang signifikan terhadap CB. SIZE memiliki hubungan negatif signifikan, sedangkan NPF positif tidak signifikan. Bank syariah, regulator, dan pemerintah dapat mempertimbangkan risiko, profitabilitas, ukuran perusahaan, dan kondisi makroekonomi dalam menentukan ukuran penyangga modal dan menjaga kecukupan modal yang dimiliki oleh Perbankan Syariah.Kata Kunci: Penyangga Modal, Sistem Ekonomi Syariah, Bank Syariah
摘要伊斯兰经济学的发展促进了伊斯兰银行的发展，伊斯兰银行是一种基于伊斯兰教法原则的金融机构。本研究旨在分析2015-2019年期间印尼伊斯兰商业银行的风险、盈利能力、公司规模和宏观经济与资本缓冲的关系。本研究采用定量方法，采用stata13统计工具对回归面板数据进行分析。本研究采用有目的的抽样方法，以14家伊斯兰商业银行和12家伊斯兰商业银行为样本，使用二手数据。BOPO、NM、ROA和KURS(汇率)对商业往来有显著的正向影响。SIZE对碳排放有显著的负向影响，而NPF对碳排放有不显著的正向影响。伊斯兰银行、监管机构和政府在确定资本缓冲规模和维持伊斯兰银行拥有的资本充足率时，可能会考虑风险、盈利能力、公司规模和宏观经济条件。关键词:资本缓冲，伊斯兰经济体系，伊斯兰银行。Abstrak。经济上伊斯兰教的门贾迪范式巴鲁杨理解。银行伊斯兰教体系经济学，伊斯兰教merupakan lembaga keuangan dengan prinsip伊斯兰教。Penelitian ini bertujuan untuk menganalis hubungan risko, profitability itas, ukuran perushaan, dan makroekonomi dengan penyangga modal (CB) Bank umum ysariah (BUS) di Indonesia[2015-2019]。彭德克坦彭德克坦数据面板定量回归统计统计统计[j]。Penelitian ini menggunakan数据采集按登甘populis 14银行伊斯兰教样本12银行umum伊斯兰教berdasarkan方法目的抽样。BOPO, NM, ROA, dan KURS (nilai tukar) ditemukan memiliki pengaruh阳性阳显着性与b。SIZE memiliki hubungan负显著性，sedangkan NPF正显著性。银行伊斯兰教，监管机构，银行伊斯兰教，银行伊斯兰教，银行伊斯兰教，盈利能力，银行伊斯兰教，银行伊斯兰教，银行伊斯兰教，银行伊斯兰教，银行伊斯兰教，银行伊斯兰教，盈利能力，银行伊斯兰教，银行伊斯兰教，银行伊斯兰教，银行伊斯兰教，银行伊斯兰教。Kata Kunci: Penyangga Modal，系统经济伊斯兰教，银行伊斯兰教
{"title":"Capital Buffer, Risk, Profitability, Size, and Macroeconomics: Empirical Study on Islamic Banks","authors":"D. F. Septiarini, Ulis fajar Choirotun Hisan, Matsahri Matsahri, Dian Filianti","doi":"10.15408/aiq.v13i1.20823","DOIUrl":"https://doi.org/10.15408/aiq.v13i1.20823","url":null,"abstract":"Abstract. The development of Islamic economics has led to the growth of Islamic banking, as a financial institution based on sharia principles. This research aims to analyze the relationship of risk, profitability, company size, and macroeconomics with capital buffer of Shariah Commercial Banks Indonesia during the period of 2015-2019. The study used a quantitative approach of the regression panel data with stata13 statistical tools. This study used secondary data with a population of 14 sharia commercial banks and a sample of 12 Islamic commercial banks using purposive sampling method. BOPO, NM, ROA, and KURS (exchange rate) were found to have significant positive effects on CB. SIZE has a significant negative effect, while NPF has positive insignificant effect on CB. Islamic banks, regulators, and governments may consider risks, profitability, company size, and macroeconomic conditions in determining the size of capital buffers and maintaining the adequacy of capital owned by Islamic Banking.Keyword: Capital Buffer, Islamic Economic Systems, Shariah Banks. Abstrak. Ekonomi Islam menjadi paradigma baru yang komprehensif. Bank syariah dalam sistem ekonomi Islam merupakan lembaga keuangan dengan prinsip syariah. Penelitian ini bertujuan untuk menganalisis hubungan risiko, profitabilitas, ukuran perusahaan, dan makroekonomi dengan penyangga modal (CB) Bank umum syariah (BUS) di Indonesia pada tahun 2015-2019. Pendekatan penelitian menggunakan pendekatan data panel kuantitatif regresi dengan alat statistik stata13. Penelitian ini menggunakan data sekunder dengan populasi 14 Bank Islam dan sampel 12 bank umum syariah berdasarkan metode purposive sampling. BOPO, NM, ROA, dan KURS (nilai tukar) ditemukan memiliki pengaruh positif yang signifikan terhadap CB. SIZE memiliki hubungan negatif signifikan, sedangkan NPF positif tidak signifikan. Bank syariah, regulator, dan pemerintah dapat mempertimbangkan risiko, profitabilitas, ukuran perusahaan, dan kondisi makroekonomi dalam menentukan ukuran penyangga modal dan menjaga kecukupan modal yang dimiliki oleh Perbankan Syariah.Kata Kunci: Penyangga Modal, Sistem Ekonomi Syariah, Bank Syariah","PeriodicalId":53340,"journal":{"name":"AlIqtishad Jurnal Ilmu Ekonomi Syariah","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47172964","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-06-30DOI: 10.15408/aiq.v13i1.18347
T. Nengsih
Abstract. The implementation of the Corporate Social Responsibility (CSR) program will have a positive impact not only on banking operations but on the continued existence in the future. With the implementation of CSR, Islamic banks not only gain economic benefits in terms of profit and growth but also enhance the public image and public trust. The results of this CSR program bring Islamic Banks closer to the people for better social change. Structural Equation Modelling results show that CSR variables significantly influence the image and trust of Bank Syariah Mandiri Jambi.Keywords: Corporate Social Responsibility; Image; Trust; Structural Equation Modelling.Abstrak. Implementasi program Tanggung Jawab Sosial Perusahaan akan memiliki dampak positif tidak hanya pada operasi perbankan tetapi pada keberlanjutan keberadaan di masa depan. Dengan penerapan Tanggung Jawab Sosial Perusahaan, bank syariah tidak hanya mendapatkan manfaat ekonomi dalam hal laba dan pertumbuhan tetapi juga meningkatkan citra dan kepercayaan masyarakat. Hasil dari program Tanggung Jawab Sosial Perusahaan ini membawa bank-bank Islam lebih dekat kepada masyarakat untuk perubahan sosial yang lebih baik. Hasil Structural Equation Modeling menunjukkan bahwa variabel Tanggung Jawab Sosial Perusahaan berpengaruh signifikan terhadap citra dan kepercayaan Bank Syariah Mandiri Jambi.Kata kunci: Tanggung jawab sosial perusahaan; Citra; Kepercayaan; Pemodelan Persamaan Struktural.
{"title":"Corporate Social Responsibility on Image and Trust of Bank Syariah Mandiri","authors":"T. Nengsih","doi":"10.15408/aiq.v13i1.18347","DOIUrl":"https://doi.org/10.15408/aiq.v13i1.18347","url":null,"abstract":"Abstract. The implementation of the Corporate Social Responsibility (CSR) program will have a positive impact not only on banking operations but on the continued existence in the future. With the implementation of CSR, Islamic banks not only gain economic benefits in terms of profit and growth but also enhance the public image and public trust. The results of this CSR program bring Islamic Banks closer to the people for better social change. Structural Equation Modelling results show that CSR variables significantly influence the image and trust of Bank Syariah Mandiri Jambi.Keywords: Corporate Social Responsibility; Image; Trust; Structural Equation Modelling.Abstrak. Implementasi program Tanggung Jawab Sosial Perusahaan akan memiliki dampak positif tidak hanya pada operasi perbankan tetapi pada keberlanjutan keberadaan di masa depan. Dengan penerapan Tanggung Jawab Sosial Perusahaan, bank syariah tidak hanya mendapatkan manfaat ekonomi dalam hal laba dan pertumbuhan tetapi juga meningkatkan citra dan kepercayaan masyarakat. Hasil dari program Tanggung Jawab Sosial Perusahaan ini membawa bank-bank Islam lebih dekat kepada masyarakat untuk perubahan sosial yang lebih baik. Hasil Structural Equation Modeling menunjukkan bahwa variabel Tanggung Jawab Sosial Perusahaan berpengaruh signifikan terhadap citra dan kepercayaan Bank Syariah Mandiri Jambi.Kata kunci: Tanggung jawab sosial perusahaan; Citra; Kepercayaan; Pemodelan Persamaan Struktural.","PeriodicalId":53340,"journal":{"name":"AlIqtishad Jurnal Ilmu Ekonomi Syariah","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45562866","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-06-30DOI: 10.15408/aiq.v13i1.19712
W. Utami, Lin Oktris, R. Rini, Nur Wachidah Yulianti
Abstract. The risks faced by Islamic banks are similar to conventional banks. Therefore, Sharia Banks must also carry out risk management disclosures. This study aims to examine the effect of governance, including the Sharia Supervisory Board, Independent Commissioner, Audit Committee, Risk Committee, the doubling of the Sharia Supervisory Board Position, and the frequency of meetings on the quality of risk management disclosures. The population is Sharia Banks in ASEAN; samples are selected purposively according to the data's completeness that can be accessed through the capital market website. Risk management disclosures are measured using the index of completeness of risk items revealed. Data analysis was performed using multiple regression analysis. The study found that the number of audit committees and meeting frequency had a significant and positive effect on the quality of risk management disclosures. The number of Sharia supervisory boards has a significant effect on the negative coefficient. Other governance variables do not affect risk management disclosures.Keywords: Sharia Bank, Corporate Governance, Risk Management, Disclosure.Abstrak. Risiko yang dihadapi bank syariah hampir sama dengan bank konvensional. Oleh karena itu, Bank Syariah juga wajib melakukan pengungkapan manajemen risiko. Penelitian ini bertujuan untuk menguji pengaruh tata kelola antara lain Dewan Pengawas Syariah, Komisaris Independen, Komite Audit, Komite Risiko, penggandaan Jabatan Dewan Pengawas Syariah, dan frekuensi rapat terhadap kualitas pengungkapan manajemen risiko. Populasinya adalah Bank Syariah di ASEAN. Sampel dipilih secara purposif sesuai dengan kelengkapan data yang dapat diakses melalui website pasar modal. Pengungkapan manajemen risiko diukur dengan menggunakan indeks kelengkapan item risiko yang diungkap. Analisis data dilakukan dengan menggunakan analisis regresi berganda. Hasil penelitian menyimpulkan bahwa jumlah komite audit dan frekuensi rapat berpengaruh signifikan dan positif terhadap kualitas pengungkapan manajemen risiko. Jumlah dewan pengawas syariah berpengaruh signifikan dengan koefisien negatif. Variabel tata kelola lainnya tidak mempengaruhi pengungkapan manajemen risiko.Kata Kunci: Bank Syariah, Tata Kelola Perusahaan, Manajemen Risiko, Pengungkapan.
摘要伊斯兰银行面临的风险与传统银行相似。因此，伊斯兰银行还必须进行风险管理披露。本研究旨在考察公司治理(包括伊斯兰教法监事会、独立专员、审计委员会、风险委员会)、伊斯兰教法监事会职位增加一倍以及会议频率对风险管理披露质量的影响。人口是东盟的伊斯兰银行;根据数据的完备性，有目的地选择样本，并通过资本市场网站获取样本。风险管理披露是用披露的风险项目的完整性指数来衡量的。数据分析采用多元回归分析。研究发现，审计委员会数量和会议频率对风险管理披露质量具有显著的正向影响。伊斯兰教法监事会的数量对负系数有显著影响。其他治理变量不影响风险管理披露。关键词:伊斯兰银行;公司治理;风险管理;瑞斯科·杨·迪哈达皮银行伊斯兰教，萨玛·登甘银行。Oleh karena，银行，伊斯兰教，银行，马来西亚，马来西亚，马来西亚，马来西亚，马来西亚，马来西亚，管理。Penelitian ini bertujuan untuk menguji pengaruh tata kelola antara lain Dewan Pengawas伊斯兰教，Komisaris independent, Komite Audit, Komite Risiko, penggandaan Jabatan Dewan Pengawas伊斯兰教，dan frekuensi rapat terhadap kualitas pengungkapan manajemen Risiko。东盟人民银行。样本分析的目的是分析邓安·克伦卡潘的数据。彭家康管理学院管理学院管理学院管理学院管理学院管理学院管理学院管理学院管理学院管理学院管理学院管理学院管理学院管理学院分析数据:dilakukan, dengan, menggunakan，回归分析。审计工作的重要性和积极意义在于审计工作的重要性和管理工作的重要性。Jumlah dewan pengais is syariah berpengaruh signfikan dengan koefisien阴性。变化的塔塔kelola lainnya tidak mempengaruhi pengungkapan管理访问。Kata Kunci: Bank Syariah, Tata Kelola Perusahaan, Manajemen Risiko, Pengungkapan。
{"title":"Corporate Governance Practices and Disclosure of Risk Management Sharia Bank in Asean","authors":"W. Utami, Lin Oktris, R. Rini, Nur Wachidah Yulianti","doi":"10.15408/aiq.v13i1.19712","DOIUrl":"https://doi.org/10.15408/aiq.v13i1.19712","url":null,"abstract":"Abstract. The risks faced by Islamic banks are similar to conventional banks. Therefore, Sharia Banks must also carry out risk management disclosures. This study aims to examine the effect of governance, including the Sharia Supervisory Board, Independent Commissioner, Audit Committee, Risk Committee, the doubling of the Sharia Supervisory Board Position, and the frequency of meetings on the quality of risk management disclosures. The population is Sharia Banks in ASEAN; samples are selected purposively according to the data's completeness that can be accessed through the capital market website. Risk management disclosures are measured using the index of completeness of risk items revealed. Data analysis was performed using multiple regression analysis. The study found that the number of audit committees and meeting frequency had a significant and positive effect on the quality of risk management disclosures. The number of Sharia supervisory boards has a significant effect on the negative coefficient. Other governance variables do not affect risk management disclosures.Keywords: Sharia Bank, Corporate Governance, Risk Management, Disclosure.Abstrak. Risiko yang dihadapi bank syariah hampir sama dengan bank konvensional. Oleh karena itu, Bank Syariah juga wajib melakukan pengungkapan manajemen risiko. Penelitian ini bertujuan untuk menguji pengaruh tata kelola antara lain Dewan Pengawas Syariah, Komisaris Independen, Komite Audit, Komite Risiko, penggandaan Jabatan Dewan Pengawas Syariah, dan frekuensi rapat terhadap kualitas pengungkapan manajemen risiko. Populasinya adalah Bank Syariah di ASEAN. Sampel dipilih secara purposif sesuai dengan kelengkapan data yang dapat diakses melalui website pasar modal. Pengungkapan manajemen risiko diukur dengan menggunakan indeks kelengkapan item risiko yang diungkap. Analisis data dilakukan dengan menggunakan analisis regresi berganda. Hasil penelitian menyimpulkan bahwa jumlah komite audit dan frekuensi rapat berpengaruh signifikan dan positif terhadap kualitas pengungkapan manajemen risiko. Jumlah dewan pengawas syariah berpengaruh signifikan dengan koefisien negatif. Variabel tata kelola lainnya tidak mempengaruhi pengungkapan manajemen risiko.Kata Kunci: Bank Syariah, Tata Kelola Perusahaan, Manajemen Risiko, Pengungkapan.","PeriodicalId":53340,"journal":{"name":"AlIqtishad Jurnal Ilmu Ekonomi Syariah","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43788116","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-06-30DOI: 10.15408/aiq.v13i1.17052
Luqmanul Hakiem Ajuna
Abstract. This research analyses the influence of Islamic religiosity and the Islamic work ethics on job satisfaction of employees in Islamic Financial Institutions in Gorontalo Indonesia. Using a questionnaire method, this research had 137 employees as samples spreading in 14 Islamic financial institutions in Gorontalo Province. This research used multiple linear regression approach. Based on data analysis, the result showed that simultaneously the religiosity and Islamic work ethics variables affected the employee’s job satisfaction, whereas in partial, only the Islamic work ethics variable influenced the job satisfaction. Overall, the employees have not yet found a medium to explore their Islamic potential, thus their expressions of religiosity seemed to be scriptural and only limited to practices and rituals.Keywords : Islamic Religiosity, Islamic Working Ethics, Job Satisfaction Abstrak. Relevansi Religiusitas Islam, Etika Kerja Islam, dan Kepuasan Kerja Pegawai Lembaga Keuangan Syariah di Gorontalo. Penelitian ini melihat pengaruh religiusitas Islam dan etika kerja Islam terhadap kepuasan kerja di lembaga keuangan syariah di Provinsi Gorontalo. Berdasarkan hasil analisis data yang diolah dengan menggunakan metode regresi linier berganda dengan mengambil sampel sebanyak 137 pegawai yang tersebar di 14 lembaga keuangan syariah di Provinsi Gorontalo. Penelitian ini menyebutkan bahwa secara simultan variabel religiusitas dan etika kerja Islam berpengaruh terhadap kepuasan kerja, sedangkan secara parsial hanya variabel etika kerja islam yang memberi pengaruh pada kepuasan kerja. Secara menyeluruh bahwa pegawai belum memiliki wadah untuk mengeksplor potensi keberagamaan mereka sehinga ekspresi kebebasan keberagamaan masih terkesan kaku dan hanya terbatas pada praktik dan ritualisme semata.Kata Kuci: religiusitas islam, etika kerja Islam, dan kepuasan kerja
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Pub Date : 2021-06-30DOI: 10.15408/aiq.v13i1.19842
A. Ginanjar, Salina Kassim
This research aims to answer and investigate the roles of Islamic microfinance institutions (IMFIs) in improving financial inclusion in Indonesia by taking three regions, namely, Jakarta, Bogor, Depok, Tangerang and Bekasi (JABODETABEK) area; Daerah Istimewa (DI) Yogyakarta area; and Nusa Tenggara Barat (NTB) area as samples. The results will demeanour the roles of IMFIS in improving financial inclusion. Only managers of the IMFIs are taken as respondents since they are the decision makers and have clear understanding of the mission of the IMFIs, thus are practically responsible for achieving IMFIs objectives by anticipating issues and regulatory changes. A complete of 481 managers of Baitulmaal Wa Tamwil (BMTs) which administered under the Sharia Cooperative Centre (INKOPSYAH) involved in the study. Qualitative method were approached in this research for determining the variables in advancing model. Two mechanisms were developed in the data collection; the first mechanism involved a survey questionnaire, and the second mechanism involved in-depth interview so as to outline data related to the model design. The findings of this research occurred current issues and challenges in increasing the roles of IMFIs in improving financial inclusion. The results also highlight recommendations for BMTs and policy makers that simultaneously collaborate the regulations and the implementations for improving financial inclusion in Indonesia.
本研究旨在以雅加达、茂物、德波克、丹格朗和贝卡西（JABODETABEK）三个地区为研究对象，回答和调查伊斯兰小额金融机构在提高印尼金融包容性方面的作用；Daerah Istimewa（DI）日惹地区；和Nusa Tenggara Barat（NTB）地区作为样本。结果将贬低IMFIS在改善金融包容性方面的作用。只有IMFI的管理人员才被视为回应者，因为他们是决策者，对IMFI的使命有着清晰的理解，因此，他们实际上负责通过预测问题和监管变化来实现IMFI的目标。由Sharia合作中心（INKOPSYAH）管理的Baitulmaal Wa Tamwil（BMT）共481名管理人员参与了这项研究。本研究采用定性方法来确定推进模型中的变量。在数据收集方面建立了两个机制；第一种机制涉及调查问卷，第二种机制涉及深入访谈，以概述与模型设计相关的数据。这项研究的结果反映了当前在提高IMFI在改善金融包容性方面的作用方面存在的问题和挑战。研究结果还强调了对BMT和政策制定者的建议，他们同时配合法规和实施，以改善印度尼西亚的金融包容性。
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Pub Date : 2021-06-30DOI: 10.15408/aiq.v13i1.19448
M. Sano
Abstract. It is seen that while some countries have figured out the elements necessary to ensure the effective operation of waqf entities, most have yet to do so. The situation in the Republic of Guinea is that all waqf facilities in the country, with the exception of Waqf IDB Guinea, have been deprived of a ‘legal personality’ status, putting a cap on the great potential that could be realized. To address this issue, the study has looked into and cross-examined the status of waqf in different countries and has, accordingly, proposed that the ‘legal personality’ status be awarded to waqf facilities in Guinea so as to attract the relevant stakeholders, render legal recourse available to aggrieved parties, register the beneficial interest of relevant participants, and lastly create job, investment and other opportunities for interested parties. Such measure, as has been proven, would greatly benefit the Guinean society and other communities.Keyword: Waqf, legal personality, Republic of Guinea, Islamic finance. Abstrak. Terlihat bahwa sementara beberapa negara telah menemukan elemen-elemen yang diperlukan dalam kerangka tata kelola wakaf mereka, yang lain belum melakukannya. Di Republik Guinea, entitas wakaf tertentu yang diakui secara hukum yang dikenal sebagai Wakaf IDB Guinea telah memprakarsai banyak proyek. Namun, terlepas dari entitas tersebut, fasilitas wakaf di negara ini telah dicabut status 'subyek hukum'-nya, yang telah membatasi potensi besar yang dapat direalisasikan. Untuk mengatasi masalah ini, penelitian mengusulkan agar status 'subyek hukum' diberikan kepada fasilitas wakaf di Guinea untuk menarik minat para pemangku kepentingan, memberikan jalan hukum yang tersedia bagi pihak yang dirugikan, mendaftarkan manfaat waqaf bagi para pihak yang berkepentingan, dan terakhir menciptakan lapangan kerja, investasi dan peluang lain untuk para pihak yang berkepentingan. Pemberian status badan hukum kepada lembaga-lembaga wakaf, sebagaimana telah dibuktikan, akan sangat bermanfaat bagi masyarakat Guinea dan masyarakat lainnya.Kata Kunci: Waqf, Subyek Hukum, Republik Guinea, Keuangan Syariah.
摘要可以看到，虽然一些国家已经确定了确保waqf实体有效运作所需的要素，但大多数国家尚未这样做。几内亚共和国的情况是，该国所有waqf设施，除了waqf -泛美开发银行几内亚外，都被剥夺了“法人”地位，限制了可以实现的巨大潜力。为了解决这一问题，本研究调查并交叉审查了waqf在不同国家的地位，并据此建议授予几内亚waqf设施“法人”地位，以吸引相关利益相关者，为受害方提供法律追索权，登记相关参与者的受益利益，最后为有关各方创造就业、投资和其他机会。事实证明，这种措施将大大有利于几内亚社会和其他社区。关键词:Waqf，法人资格，几内亚共和国，伊斯兰金融Abstrak。Terlihat bahwa sementara beberapa negara telah menemukan element - element yang diperlukan dalam kerangka tata kelola wakaf mereka, yang lain belum melakukannya。在几内亚共和国，entitas wakaftertentu yang diakui secara hukum yang dikenal sebagai wakafidb几内亚电信成员prakarsai banyak proyek。Namun, terlepas dari entitas tersebut, fasilitas wakaf di negara ini telah dicabout status 'subyek hukum'-nya, yang telah membatasi potentisi besar yang dapat direalisasikan。Untuk mengatasi masalah ini, penelitian mengusulkan agar status 'subyek hukum' diberikan kepaada fasilitas wakaf di Guinea Untuk menarik minat para pemangku kepentingan, memberikan jalan hukum tersedia bagi pihak yang dirugikan, mendaftarkan manfaat waqaf bagi parpihak yang berkepentingan, dan terakhir menciptakan lapangan kerja, investasi dan peluang lain Untuk para pihak yang berkepentingan。Pemberian status badan hukum kepada lembaga-lembaga wakaf, sebagaimana telah dibuktikan, akan sangat bermanfaat bagi masyarakat Guinea dan masyarakat lainnya。Kata Kunci: Waqf, Subyek Hukum，几内亚共和国，Keuangan伊斯兰教。
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Pub Date : 2021-06-30DOI: 10.15408/aiq.v13i1.20820
Deri Siswara
The purpose of this study is to analyze the integration and response of the Islamic stock market of the OIC countries before the crisis and during the China stock market crisis also during the United States-China trade war with the Autoregressive Distributed Lag (ARDL) method. The results showed that there was no cointegration in the period before the China stock market crisis. However, during the period of the China stock market crisis and the United States-China trade war, the cointegration was more common. The Islamic stock market of Qatar, Saudi Arabia and the UAE experienced a domino effect from fluctuations in crude oil prices. Then, the Indonesia Islamic stock market in the two crisis periods had a long-term relationship with the US and China stock markets. Whereas the Malaysian and Bangladesh Islamic stock markets have only a long-term relationship with the US stock market. In terms of the benefits of portfolio diversification for investors, there is relevance of dominant economic, geographical, and trade relations in influencing the integration of the Islamic stock market.
{"title":"The Integration of Islamic Stock Markets of OIC Countries in China Stock Market Crisis and US-China Trade War","authors":"Deri Siswara","doi":"10.15408/aiq.v13i1.20820","DOIUrl":"https://doi.org/10.15408/aiq.v13i1.20820","url":null,"abstract":"The purpose of this study is to analyze the integration and response of the Islamic stock market of the OIC countries before the crisis and during the China stock market crisis also during the United States-China trade war with the Autoregressive Distributed Lag (ARDL) method. The results showed that there was no cointegration in the period before the China stock market crisis. However, during the period of the China stock market crisis and the United States-China trade war, the cointegration was more common. The Islamic stock market of Qatar, Saudi Arabia and the UAE experienced a domino effect from fluctuations in crude oil prices. Then, the Indonesia Islamic stock market in the two crisis periods had a long-term relationship with the US and China stock markets. Whereas the Malaysian and Bangladesh Islamic stock markets have only a long-term relationship with the US stock market. In terms of the benefits of portfolio diversification for investors, there is relevance of dominant economic, geographical, and trade relations in influencing the integration of the Islamic stock market.","PeriodicalId":53340,"journal":{"name":"AlIqtishad Jurnal Ilmu Ekonomi Syariah","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48551576","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-06-30DOI: 10.15408/aiq.v13i1.20439
Muhammad Sofwan Jauhari, Moch. Bukhori Muslim, Saepullah Saepullah
Abstract. The purpose of this study is to explain the fatwa of the DSN-MUI (Dewan Sharia Nasional-Majelis Ulama Indonesia) No. 75 / DSN MUI / VII / 2009, regarding Guidelines for Direct Selling with Sharia Level (PLBS) or Multi-Level Marketing (MLM). The study analyses the methodology used by the DSN-MUI in giving the fatwa on the MLM. This study is a qualitative research with a content-analysis method by analysing the fatwa on MLM using fiqh and ushul al-fiqh theories. It concludes that the fatwa issued by the DSN MUI is accommodating and applicable for business people in Indonesia. The DSN MUI fatwa provides solutions and guidance for business people to make business activities in accordance with the sharia’s principles.Keyword: Fatwa ,MLM, DSN MUI. Abstrak. Tujuan penelitian ini adalah untuk menjelaskan fatwa DSN-MUI (Dewan Syariah Nasional-Majelis Ulama Indonesia) No. 75/DSN MUI/VII/2009, tentang Pedoman Penjualan Langsung Bertingkat Syariah (PLBS) atau Multi Level Pemasaran (MLM). Kajian ini menganalisis metodologi yang digunakan DSN-MUI dalam memberikan fatwa tentang MLM. Penelitian ini merupakan penelitian kualitatif dengan metode analisis isi dengan menganalisis fatwa tentang MLM dengan menggunakan teori fiqh dan ushul al-fiqh. Disimpulkan bahwa fatwa yang dikeluarkan DSN MUI sudah akomodatif dan berlaku bagi para pelaku bisnis di Indonesia. Fatwa DSN MUI memberikan solusi dan pedoman bagi para pelaku usaha untuk melakukan kegiatan usaha sesuai dengan prinsip syariah.Kata Kunci: Fatwa ,MLM, DSN MUI.
{"title":"Multi Level Marketing (MLM) in Fatwa DSN MUI","authors":"Muhammad Sofwan Jauhari, Moch. Bukhori Muslim, Saepullah Saepullah","doi":"10.15408/aiq.v13i1.20439","DOIUrl":"https://doi.org/10.15408/aiq.v13i1.20439","url":null,"abstract":"Abstract. The purpose of this study is to explain the fatwa of the DSN-MUI (Dewan Sharia Nasional-Majelis Ulama Indonesia) No. 75 / DSN MUI / VII / 2009, regarding Guidelines for Direct Selling with Sharia Level (PLBS) or Multi-Level Marketing (MLM). The study analyses the methodology used by the DSN-MUI in giving the fatwa on the MLM. This study is a qualitative research with a content-analysis method by analysing the fatwa on MLM using fiqh and ushul al-fiqh theories. It concludes that the fatwa issued by the DSN MUI is accommodating and applicable for business people in Indonesia. The DSN MUI fatwa provides solutions and guidance for business people to make business activities in accordance with the sharia’s principles.Keyword: Fatwa ,MLM, DSN MUI. Abstrak. Tujuan penelitian ini adalah untuk menjelaskan fatwa DSN-MUI (Dewan Syariah Nasional-Majelis Ulama Indonesia) No. 75/DSN MUI/VII/2009, tentang Pedoman Penjualan Langsung Bertingkat Syariah (PLBS) atau Multi Level Pemasaran (MLM). Kajian ini menganalisis metodologi yang digunakan DSN-MUI dalam memberikan fatwa tentang MLM. Penelitian ini merupakan penelitian kualitatif dengan metode analisis isi dengan menganalisis fatwa tentang MLM dengan menggunakan teori fiqh dan ushul al-fiqh. Disimpulkan bahwa fatwa yang dikeluarkan DSN MUI sudah akomodatif dan berlaku bagi para pelaku bisnis di Indonesia. Fatwa DSN MUI memberikan solusi dan pedoman bagi para pelaku usaha untuk melakukan kegiatan usaha sesuai dengan prinsip syariah.Kata Kunci: Fatwa ,MLM, DSN MUI.","PeriodicalId":53340,"journal":{"name":"AlIqtishad Jurnal Ilmu Ekonomi Syariah","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42696468","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-06-30DOI: 10.15408/aiq.v13i1.13868
Jamshaid Anwar Chattha, Syed Musa Bin Syed Jaafar Alhabshi
The banking industry is in the business of risk management, which is of significant consideration to banks and their regulators. Islamic commercial banks (ICBs) are no exception as they too deal with a variety of peculiar risks. One specific risk is the rate of return risk (ROR) in the banking book, which is dealt with under Pillar 2 of the Basel Committee on Banking Supervision (BCBS) and the Islamic Financial Services Board (IFSB) standards. The IFSB, similar to the BCBS, provides a detailed framework on the management of ROR risk for the ICBs, including modalities of maturity gap and calculation of precise duration of assets and liabilities. However, existing studies on risk management practices show significant gaps; there are no studies which specifically highlight the assessment of ROR risk with duration gap for ICBs. Therefore, we estimate the duration gap of ICBs and determine the factors influencing the duration gaps in the context of ROR risk. Using Duration Gap Model and Two-Step Robust Generalized Method of Moments (GMM), with a sample of 50 ICBs from 13 countries, for the period 2007-2015, our empirical findings are three-fold: (a) time series and cross-sectional duration gap of ICBs reflecting significant variations across the banks and countries; (b) ICBs have a general tendency of maintaining a higher (more) duration gap compared to their conventional counterparts, and are exposed to increasing ROR risk due to their larger duration gaps and severe liquidity mismatches; and (c) there is significant difference in the estimated coefficients of idiosyncratic factors influencing the duration gaps of ICBs. This study makes profound contributions to the existing corpus of literature and provides direction to the ICBs to reflect upon the significance of liquidity mismatch risk, ROR risk management with the duration gap, factors influencing the duration gaps, and management of the ROR risk under Pillar 2 of the BCBS and the IFSB standards.
{"title":"Estimation of Duration Gap and its Determinants for Islamic Banks: Empirical Evidence using Two-Step Robust GMM","authors":"Jamshaid Anwar Chattha, Syed Musa Bin Syed Jaafar Alhabshi","doi":"10.15408/aiq.v13i1.13868","DOIUrl":"https://doi.org/10.15408/aiq.v13i1.13868","url":null,"abstract":"The banking industry is in the business of risk management, which is of significant consideration to banks and their regulators. Islamic commercial banks (ICBs) are no exception as they too deal with a variety of peculiar risks. One specific risk is the rate of return risk (ROR) in the banking book, which is dealt with under Pillar 2 of the Basel Committee on Banking Supervision (BCBS) and the Islamic Financial Services Board (IFSB) standards. The IFSB, similar to the BCBS, provides a detailed framework on the management of ROR risk for the ICBs, including modalities of maturity gap and calculation of precise duration of assets and liabilities. However, existing studies on risk management practices show significant gaps; there are no studies which specifically highlight the assessment of ROR risk with duration gap for ICBs. Therefore, we estimate the duration gap of ICBs and determine the factors influencing the duration gaps in the context of ROR risk. Using Duration Gap Model and Two-Step Robust Generalized Method of Moments (GMM), with a sample of 50 ICBs from 13 countries, for the period 2007-2015, our empirical findings are three-fold: (a) time series and cross-sectional duration gap of ICBs reflecting significant variations across the banks and countries; (b) ICBs have a general tendency of maintaining a higher (more) duration gap compared to their conventional counterparts, and are exposed to increasing ROR risk due to their larger duration gaps and severe liquidity mismatches; and (c) there is significant difference in the estimated coefficients of idiosyncratic factors influencing the duration gaps of ICBs. This study makes profound contributions to the existing corpus of literature and provides direction to the ICBs to reflect upon the significance of liquidity mismatch risk, ROR risk management with the duration gap, factors influencing the duration gaps, and management of the ROR risk under Pillar 2 of the BCBS and the IFSB standards.","PeriodicalId":53340,"journal":{"name":"AlIqtishad Jurnal Ilmu Ekonomi Syariah","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42415688","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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