1,721,045 research outputs found
Waqf Plus Sukuk in Developing Islamic Microfinance Industry
No full textThe development of the microfinance as well as islamic microfinance Indonesia has been remarkable. It gains many attention by policy makers as well as academicians in many occasions. Topic that was discussed ranged from the past performance, current obstacle as wes as the problem, solution and the opportunity in the future (Hamad 2010, Bank Indonesia 2009,2010). The role of this microfinance gain more important during the recent financial crisis.
The subprime mortgage occured in 2008 has affected many countries in the worlds. In Indonesia the effect can be seen from the stock market. Jakarta Composite Index (JCI) shows 2721.25 in January 2008 while it plunged to 1241.54 in October 2008. Companies which the operations is exposing themselves to the exchange rate were obviously got affected since the plunge of the stock market induce investors not to continue their investments in Indonesia. As a result ''fligh to quality" happened and this create fluctuation of the exchange rate. However, other sector such as microfinance does not seem to be affected
Islamic banks vs conventional banks in indonesia: an analysis on financial performances
No full textIslamic banks in Indonesia havebeen in existence for more than two decades. Substantial development has taken
place in this largest Muslim country. Regulator, academicians, and practitioners have been providing significant
support with the objective of improving the performance of the Islamic banking. Hence, it is timely to assess whether
its performance differs than that of the conventional banks. This paper aims to describe and critically evaluate and
compare the financial performance of Islamic banks to that of conventional banks. Data of Capital Adequacy Ratio (CAR),
Return on Asset (ROA), Operational Cost/ Operational Revenue (BOPO), Non-Performing Loan (NPL) /Non Performing
Financing (NPF) and Loan Deposit Ratio (LDR)/ Financing Deposit Ratio (FDR) for Islamic and conventional banks
are examined. The analysis of monthly data covers the period from January 2004 to July 2014 (127 observations).
Paired sampled t-test was adopted to see whether there are significant differences in the financial ratios between
both banks. This study found that CAR, ROA, BOPO and NPL of conventional banks are significantly higher than that of
Islamic banks but not FDR. Based on the result of capital adequacy, the findings suggest that Islamic banks need to
have more capital to face the involved risk as that of conventional banks. Conventional banks need to function them
selves as financial intermediaries to support the real sector as that of Islamic banks
The Role of Economic Empowerment for The Poor in a Zakat Institution
Full text linkZakat funds management in a number of charity organizations, especially in terms of empowering zakat in Indonesia is not yet optimal. Based on the results of several previous studies, yet there is a model of empowerment that was standard in managing zakat and other
Islamic philanthropy. This study aims to determine the role of the poor in the reviews maqashid sharia. Data was analyzed using a qualitative approach. Qualitative descriptive analysis is used to explain how the role of the economic empowerment for the poor in zakat
institutions within the framework of sharia maqashid. Based on the data and the results of the analysis that has been done can be seen that the BAZ (Amil Zakat) in East
Java have a role in the economic empowerment for the poor, although not kaffah meet maqashid sharia
Model Sinergi BPRS dan BAZ Jawa Timur Dalam Pemberdayaan UMKM
Full text linkPada penelitian sebelumnya dapat diketahui bahwa sinergisitas BPRS, BAZ, MES dan DISKOUMINAKER memiliki peran yang sangat penting dalam perkembangan industri UMKM di Mojokerto. Jangkauan pemberdayaan dari program ini pun mengalami peningkatan, hal tersebut dapat dilihat dari peningkatan jumlah nasabah penerima dari tahun ketahun dan jumlah dana yang dikumpulkan oleh BAZ dan disalurkan untuk pusyar ini juga mengalami peningkatan. Penelitian ini bertujuan untuk menganalisis peran dan menyusun model sinergi BPRS (Bank Pembiayaan Rakyat Syariah) dan BAZ (Badan Amil Zakat) Jawa Timur dalam pemberdayaan UMKM (Usaha Mikro Kecil dan Menengah). Mengacu pada keberhasilan penelitian sebelumnya, dengan menggunakan subjek penelitian provinsi Jawa Timur — yang dapat merepresentasikan keadaan nasional — dan penggunakan metode penelitian Analytical Network Process (ANP) — metode yang memiliki galat minimal yang cenderung rendah akibat keberadaan asumsi yang paling sedikit — diharapkan dapat mendapatkan model yang lebih optimal serta gambaran jangkauan pemberdayaan dari program ini. Sehingga nantinya, hasil dari penelitian ini dapat digunakan sebagai masukan bagi para praktisi zakat baik nasional maupun internasional dalam mengoptimalkan dalam penghimpunan maupun penyaluran dana zakat, infak dan sedekah, khususnya dalam memberdayakan UMKM. Berdasarkan hasil pengolahan data yang dilakukan, menunjukkan bahwa urutan hambatan mentuut prioritas adalah Financial Assistant (dengan urutan prioritas penyelesaian hambatan penggunaan akad murabahah, SDM banker minim pengetahuan syariah, keterbatasan sumber dana finansial (DPK), proses pengajuan larna, dan program requirement rumit), Ekstemalitas (dengan urutan prioritas penyelesaian hambatan mentalitas UMKM, iklim usaha kurang kondusif, asymmetric information, kemudahan yang ditawarkan rentenir, dan legalitas usaha UMKM), Technical Assistant (dengan urutan prioritas penyelesaian hambatan biaya operasional lembaga, keterbatasan swnber dana infaq, kelayakan penerima PUSYAR, pemberian rekomendasi kurang selektif, dan pembinaan UMKM unbankable), Spiritual Assistant (dengan urutan prioritas penyelesaian hambatan biaya pembinaan syariah, SDM pembinaan syariah, reputasi lembaga, agency problem, dan pelaksana kurang responsif), Managerial Assistant (dengan urutan prioritas penyelesaian hambatan materi pendampingan manajcmen pemasaran, materi pedampingan manajemen SDM, kuantitas dan kualitas SDM pendamping, dana pendampingan managerial minim, dan materi pendampingan manajemen operasional). Pada aspek kebijakan, urutan prioritasnya adalah kebijakan peraturan turunan dari PERDA untuk masing-masing pilar PUSYAR, diversifikasi sektor UMKM pcnerima, pengajuan proposal kegiatan Spiritual Assistant oleh lembaga terkait, Financing Diversification, digitalisasi pengumpulan dana infaq, himbauan zakat bisnis UMKM
Restructuring and Bank Performance in Dual Banking System
No full textThis paper assesses the impact of changing competition landscape and Islamic bank penetration on bank risk, profitability and capitalization. This study utilizes an unbalanced panel dataset consisting of 37 commercial banks over the period 1997 to 2015. The paper uses a panel VAR methodology to discern the interactions between bank competition and Islamic banking presence on one hand and bank performance on the other hand. We find evidence supportive of both competition ? stability and competition ? fragility views for conventional banks. The results suggest that bank competition improves conventional bank risk and, at the same time, lower profitability and capital holdings. As for Islamic banks, competition seems to robustly influence only bank profitability. Finally, we note that increasing Islamic bank penetration improves the risk profile of conventional banks and, as expected, reduces their market power. These results bear important implications on the design of competition policies in a dual banking system as well as on the development of the Islamic banking sector
Critical assessment of Islamic endowment funds (Waqf) literature: lesson for government and future directions
No full textEconomic sectors sensitivity to Islamic and conventional Monetary Instrument: Case study in Indonesia
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