Factors Determining the Succesful Performance of Baitul Maal Wat Tamwil in Indonesia: An Empirical Investigation

Dawami, Qosdan; Razak, Dzuljastri Abdul; Hamdan, Hamdino

doi:10.18196/ijief.v4i1.10484

Cited by 4 publications

(3 citation statements)

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“…The justice felt by Islamic Bank employees is expected to increase affective commitment and reduce counterproductive work behavior. The selection of Islamic banks is because the industry has very good prospects in Indonesia with the Muslim majority (As'ad, 2020;Dawami, 2021;Hasan, 2021;Muchlis and Fathurrahman, 2021) and McKinsey & Company (2012) also predicted the good financial industry prospects in Indonesia, although research from (Listiono, 2020) explains that Islamic religious institutions do not affect economic growth in Indonesia. Also, Islamic banking is relatively new when compared to conventional banks, and public awareness of Islamic banks is still minimal which highly need commitment from employees in order to compete (Sheikh, 2021;Sulaiman et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

The Influence of Organizational Justice Dimensions on Affective Commitment and Employees’ Counterproductive Behavior

Zakiy

2022

ijhcm

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Employees' work dynamics in companies are very diverse. Some employees have high commitments, and others are very low. Likewise, the counterproductive behavior of employees in every company is also high or low. The importance of the two factors for the continuity of company operations incites the investigation to ponder the role of the dimensions of justice on affective commitment and counterproductive work behavior of employees in Islamic Financial Institutions (LKS) in DIY. Researchers distributed questionnaires to 219 employees from several LKS in DIY with purposive sampling. The data were then analyzed through SEM-PLS, which measures the research instrument and the influence between the research variables. The results of this study indicated that only procedural and interactional justice trigger affective commitment and deviant workplace behavior, while distributive justice is unable to influence these two variables. The study contributed to LKS managers maintaining a work environment that upholds the principles of justice to increase affective commitment and minimize employees' deviant behavior.

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Section: Introductionmentioning

confidence: 99%

The Influence of Organizational Justice Dimensions on Affective Commitment and Employees’ Counterproductive Behavior

Zakiy

2022

ijhcm

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“…Employees require certification and professional training programmes to gain a solid foundation of WI management (Siti Razifah and Marhanum, 2018). These programmes are also critical to the success of Islamic institutions (Dawami et al , 2021). Mandal and Roy (2018) added that these programmes aid unskilled workers in developing the necessary skills.…”

Section: Introductionmentioning

confidence: 99%

Analysis of enterprise risk management practices in Malaysianwaqfinstitutions

Yakob

Abdullah

Yakob

et al. 2021

IMEFM

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Purpose This study aims to assess enterprise risk management (ERM) practices in waqf institutions (WIs) along with their strengths and weaknesses; highlight ERM trends in WIs; and determine the best ERM practices for these institutions. Design/methodology/approach Data were collected via structured interviews with nine WI managers in Malaysia. A standardised questionnaire was adopted for the interviews, which focussed on ERM implementation in WIs. The collected data were analysed in three steps, namely, data reduction, data display and verification/conclusion. The frequency distribution of these data were then illustrated and the mean values and differences of the studied groups/variables were examined. Findings WIs have a sub-optimal ERM implementation, whose aspects need to be improved over time. These institutions have focussed on their ERM practices at the strategic level yet ignored those at the operational level. Specifically, WI officers have well-defined internal environments and objectives, but risk monitoring, which ensures effective implementation of ERM, is lacking. The presence of risk management committees and units may be linked with the successful implementation of ERM. However, ERM knowledge and top management support do not show clearly associations with ERM implementation. WIs should focus on improving their ERM implementation governance. Research limitations/implications Findings underscore the need for WIs to launch a formal ERM programme and for relevant stakeholders to create the appropriate infrastructures that support ERM implementation, including amended rules, ERM policies and allocated funds for training and education, to promote ERM implementation knowledge and awareness. The successful implementation of ERM not only improves the service quality, sustainability and performance of WIs but also promotes the national waqf agenda as a key economic driver. Originality/value ERM in non-profit organisations, such as WIs, has received limited research attention relative to that in profit-driven organisations despite having unique risks. To the best of the knowledge, this study is the first to identify those trends that explain ERM practices and to determine the ERM best practices of WIs.

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“…The empowerment provided is in the form of independent education and training, business capital, and business assistance. In addition, this group also received health services and educational scholarships (Nurhayati & Hadi, 2018;Rachmawati & Nurhadiyah, 2020;Rahmawati, Fikri, & Mauludin , 2019). In its development, BMT began to be able to build a reserve fund and taawun fund, which was used to anticipate and provide compensation when financing members experienced a disaster died, or the risk of losing merchandise due to disasters such as fire.…”

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confidence: 99%

Coexistence And Survival Strategy Model In BMT In Indonesia

Bimantara,

Yazid

2023

ISBANK

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Through fatwa, the legal basis for the enactment of BMT in Indonesia, which acts as a fund collection and financing, all BMTs in Indonesia have a board responsible for supervising the consistency of the application of Sharia principles. Based on fatwa 130/DSN-MUI/X/2019 Guidelines for Deposit Insurance Institutions in the Implementation of Handling or Settlement of Islamic Banks Experiencing Solvency Problems, making the Sharia supervisory board continues to be an existence that needs to be considered more, related to Sharia principles in Sharia business contracts and treaties. Supported by Fatwa 90 / DSN-MUI / XII / 2013 Transfer of Murabahah Financing Between Islamic Financial Institutions (LKS), where people can obtain significant prosperity by knowing BMT. This institution is expected to continue to develop in the wider community to help or serve the community in the long term so that BMT can be ensured to live sustainably. The development of bmt in the future still needs reference as a reference for more advanced production in learning its evolution. This study uses a descriptive-qualitative research design with a juridical-normative approach to analyze the legal aspects related to BMT (Baitul Maal wat Tamwil). The data collection process involves gathering information from various reputable sources. The collected data is analyzed qualitatively with a juridical-normative approach, and the findings are verified through peer review and consultation with legal experts. The study provides insights into the legal principles and regulations governing BMT operations and proposes recommendations to close any gaps or inconsistencies in the legislation.

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Factors Determining the Succesful Performance of Baitul Maal Wat Tamwil in Indonesia: An Empirical Investigation

Cited by 4 publications

References 0 publications

The Influence of Organizational Justice Dimensions on Affective Commitment and Employees’ Counterproductive Behavior

The Influence of Organizational Justice Dimensions on Affective Commitment and Employees’ Counterproductive Behavior

Analysis of enterprise risk management practices in Malaysianwaqfinstitutions

Coexistence And Survival Strategy Model In BMT In Indonesia

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