Fraud in Sharia Rural Bank: How It Affects Their Roles in Assisting Micro Small Medium Enterprise in Indonesia

Yusmansyah, Yusmansyah; Mohamed, Nafsiah; Aida, Farah; Utami, Wiwik

doi:10.4108/eai.13-8-2019.2294393

Cited by 2 publications

(3 citation statements)

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“…Several studies have shown Shariah corporate governance's urgency in preventing fraud (Ghoniyah and Hartono, 2020; Yusmansyah et al , 2020; Alam et al , 2021). Shariah compliance and profit distribution management are two key factors in reducing fraud in Islamic banks (Ghoniyah, Mutamimah and Amilahaq, 2020).…”

Section: Findings and Discussionmentioning

confidence: 99%

Can fraud in Islamic financial institutions be prevented using high standards of shariah governance?

Swandaru

Muneeza

2022

IJLMA

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Purpose This study aims to scrutinize the modus operandi of global financial frauds in Islamic financial institutions and assesses whether those frauds can be prevented using High Standards of Shariah Governance. Design/methodology/approach A qualitative research methodology is deployed to conduct this study by analyzing and scrutinizing academic journals, reports, regulatory guidelines and articles. Findings The findings in this study show that the modus operandi ranges from bribery, forged documents, unlawful profiteering, credit limit allowance ignorance, Ponzi scheme, culprit collaboration from inside and outside the banks. This paper also argues that the centralized and high-standard Shariah governance framework better prevents fraud by providing better Shariah supervision and risk management measures. Research limitations/implications The observations in this study are limited to financial fraud at Islamic financial institutions that happened in the 21st century with more than $100m in financial loss or penalty. Originality/value This study may contribute significantly by providing insight for regulators to strengthen the Shariah governance framework in their respective countries. It also benefits Islamic financial institutions by enhancing their capacity to anticipate future financial fraud.

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Section: Findings and Discussionmentioning

confidence: 99%

Can fraud in Islamic financial institutions be prevented using high standards of shariah governance?

Swandaru

Muneeza

2022

IJLMA

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“…The board of commissioners' function is crucial to the management of a company, The board of commissioners is thought to have the ability to raise the company's worth, which implies that how well it performs its duties will have an effect on the earnings of the company (Yusmansyah et al, 2020). The two responsibilities of the board, namely service and control, also help to clarify this connection.…”

Section: Effect Of Shareholder Ownership On Bpr Financial Performancementioning

confidence: 99%

“…However, as the economy entered the recovery phase, new difficulties started to appear, particularly from the demand side. If there is no demand from the financing side and no parties that can place funds, BPRs and BPRS will run into difficulties (Yusmansyah et al, 2020). According to Rajabi et al (2023) As of August 2022, there were 1,450 BPR, down 34 from the 1,484 BPR as of the same month the previous year.…”

Section: Introductionmentioning

confidence: 99%

Strategy to Improve the Performance of Regional Government-owned BPR and BPRS through Optimal Funding Contributions from Shareholders

Purnawan¹,

Zulganef²

2023

IJRCS

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The regional government established rural banks as financial organizations in an effort to offer services in the financial industry. BPR are a way effort for local governments to bring in local revenues. BPR currently only have a limited amount of capital because it comes only from the APBD. on the other hand, BPR are obligated to constantly offer service enhancements in terms of both service quantity and service quality. So that, to enhance the performance of BPR and BPRS, BPR who are unable to achieve the minimum core capital rules should immediately merge with another BPR that can or be bought by a bank with larger resources or shareholders who are contributing at their maximum potential. Based on the aforementioned issues, the purpose of this study is to present an overview of the approach to enhance BPR or BPRS performance and how shareholder ownership impacts BPR/financial BPRS performance.

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Fraud in Sharia Rural Bank: How It Affects Their Roles in Assisting Micro Small Medium Enterprise in Indonesia

Cited by 2 publications

References 0 publications

Can fraud in Islamic financial institutions be prevented using high standards of shariah governance?

Can fraud in Islamic financial institutions be prevented using high standards of shariah governance?

Strategy to Improve the Performance of Regional Government-owned BPR and BPRS through Optimal Funding Contributions from Shareholders

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