Purpose- This study is to examine the effect of return on assets (ROA) and debt to equity ratio (DER) on the rank of Sukuk listed on the Indonesia Stock Exchange (IDX). Methods- Data were collected by purposive sampling method with the number of companies sampled in the study were 7 companies with observations for 5 years. Findings- Results indicate that ROA and DER are proven to have a significant effect on Sukuk ratings. Implications- This study can be an evaluation for investors to determine investment decisions, especially Sukuk in Indonesia.
Institutional zakat in Islamic banking has been regulated in Article 4 Paragraph 2 of Law No. 21 of 2008 concerning Islamic Banking. Where in that article Islamic banks are allowed to perform social functions in the form of collecting zakat, donations, alms, grants, or other social funds. The activities of Islamic banks conducting social activities become additional activities for Islamic banks. In contrast to the main function of Islamic banks as an intermediary function such as the collection and distribution of public funds that are required for Islamic banks to do so, while the social functions of Islamic banks only written in the Islamic banking Act can run, meaning that Islamic banks can choose between performing social functions or not doing it. The uncertainty of the Sharia Banking Law in regulating social functions makes Islamic banks not full of seriousness in carrying out these social functions. The lack of seriousness of this Islamic bank can be seen from the 14 Sharia Commercial Banks (BUS), only 10 BUSs that carry out social functions, and there are still 4 BUSs that have not yet performed social functions. The total funds that have been successfully collected and utilized by 10 BUS in the last 2 years are in 2017 Islamic banks collect zakat funds of Rp. 76.7 billion or 1.23% of the total funds raised by BAZNAS and LAZ (Rp. 6.22 trillion). In 2018 the collection of zakat funds through BUS experienced an increase of 16% from 2017 or collected Rp. 88.9 billion or 1.1% of the total zakat funds raised by BAZNAS and LAZ (Rp. 8.1 trillion). When compared to the amount of zakat fund raised by this BUS with the potential for national zakat totaling Rp. 217 Trillions, of course the achievement is not up to 1%, this means that the collection of zakat funds by the BUS is still far from expectations. Keywords: Zakat Institution, Social Function, Zakat, Islamic Bank
Penelitian ini bertujuan untuk mengetahui implementasi pengelolaan dana zakat pada Bank Umum Syariah (BUS) di Indonesia serta untuk mengetahui faktor pendukung dan penghambat dalam pengelolaan dana zakat pada BUS di Indonesia. Jenis datanya adalah data sekunder, populasi 14 BUS dengan menggunakan analisis deskriptif. Hasil penelitian menunjukkan bahwa dari 14 BUS yang ada di Indonesia hanya 10 BUS yang mengelola dana zakat. Pengelolaan dana zakat pada 10 BUS menggunakan 4 model. Dana zakat disalurkan dalam bidang pemberdayaan ekonomi, pendidikan, kesehatan, dakwah dan sosial. Faktor pendukung pengelolaan dana zakat pada BUS adalah financial technology, jaringan kantor yang berjumlah 1.942 unit, kebijakan wajib zakat bagi pegawai yang mencapai nisab, dan customer awareness berzakat. Adapun faktor penghambat dalam pengelolaan dana zakat pada BUS di Indonesia berasal dari aspek hukum yaitu: (1) Pasal 4 ayat 2 Undang-Undang (UU) Nomor 21 Tahun 2008 terkait peran sosial perbankan syariah yang bersifat opsional, (2) Penjelasan Pasal 7 ayat 2 UU No. 23 tahun 2011 tentang pengelolaan zakat yang tidak memasukkan perbankan syariah sebagai mitra BAZNAS dalam pengelolaan zakat, dan (3) Amanah pasal 15b UU No. 25 tahun 2007 tentang kewajiban tanggung jawab sosial perusahaan sehingga bank syariah mengutamakan kewajiban tanggung jawab sosial perusahaan. Kata Kunci: Manajemen, Zakat, Perbankan Syariah, BAZNAS dan Hukum
This paper discusses Islamic banking and its relationship with financial institutions and other businesses in Indonesia. Banks and financial institutions have a role as a Financial Intermediaries whose function is to collect funds from the public and channel them back to those who need funds. The main activity of Islamic banks is to provide financing to customers, where these activities are related to other financial institutions. This research is library research (Library Research) with a thematic method. The results of this discussion state that Islamic banks, financial institutions, and other businesses have a close relationship, where they need each other in carrying out their operations.Keywords: Islamic Banks, Financial Institutions, Business
In the era of Law Number 10 of 1998, banking law policies in Indonesia adhered to a dual banking system. Research using qualitative methods in the library (library research). Sharia Banking aims to support the implementation of national development in order to improve justice, togetherness, and equal distribution of people's welfare. The legal basis for bank operations using the sharia system. The history of banking in Indonesia is actually the forerunner of conventional banking. This history began when Indonesia was colonized by the Dutch. At that time, there was already a bank called Bank Couranten Bank Van Leening. The bank's aim was to shoot and manage VOC finances. The Islamic bank that first appeared or stood in Indonesia was Bank Muamalat Indonesia. The principles of Islamic banking that are in accordance with Islamic law include the absence of elements of joy, maysir, gharar, and buying and selling of illicit goods. OJK's role in regulating and supervising banks is very broad in terms of microprudential regulation and supervision.
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