General Regulatory Framework in Rastin Profit and Loss Sharing Banking:

Bidabad, Bijan

doi:10.32770/jbfem.vol251-66

Cited by 4 publications

(5 citation statements)

References 18 publications

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“…In addition to the results of research that still raises inconsistencies, research on earnings management in sharia entities is still very little (Quttainah and Song, 2013), for example, examines the practice of earnings management in Islamic and conventional bank entities, (Kanagaretnam, Lobo, & Wang, 2015) examined national culture concerning earnings management. (Faradila & Cahyati, 2013) examined Islamic banking in the 2012-2013 period (Bidabad, 2019) examined some auxiliary regulatory pillars and complementary considerations and systems in Rastin Banking. Research by (Suryanto, 2014)which still focuses on Islamic banking with the role of the audit committee and supervisory board as control variables.…”

Section: Introductionmentioning

confidence: 99%

The Effect of Firm Value and Financial Performance on Earnings Management in Sharia Issuers: Evidence From the Indonesia Stock Exchange

Muslim¹

2020

JBFEM

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Earnings management is still an interesting focus of research from year to year. Research does not only focus on conventionally based entities but also moves to Sharia entities. This study aims to investigate the effect of firm value and financial performance on earning management. From the 20 sharia issuers that were successfully analyzed as samples, we found that, in general, there is no strong evidence that Islamic issuers practice earnings management, this can be seen from the positive average discretionary accruals. Referring to the discussion of the influence of firm value as measured by Tobin’s Q on the practice of earnings management, it was concluded that firm value had a significant effect on earnings management practices. This research has two contributions. Firstly this research is expected to contribute to market-based accounting research. Secondly, this study provides evidence of earnings management practices for Islamic entities.

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Section: Introductionmentioning

confidence: 99%

The Effect of Firm Value and Financial Performance on Earnings Management in Sharia Issuers: Evidence From the Indonesia Stock Exchange

Muslim¹

2020

JBFEM

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“…Another example of land utilization initiative is from Rastin Profit and Loss Sharing (PLS) Banking Proposed by Bidabad (2019). Islamic banking in its nature is a financial institution that works under sharia principles providing financing to businesses (Sudarsono, 2003 in Andreas andWohon, 2019).…”

Section: Waqf-syirkah Concept For Community Food Securitymentioning

confidence: 99%

“…In this perspective, Rastin PLS Banking concocted an initiative to revive uncultivated land, to become productive and can generate income to those who utilize it. Bidabad (2019) opine that the source of the uncultivated land may come from the government and Islamic banks can finance the project of reviving it.…”

Section: Waqf-syirkah Concept For Community Food Securitymentioning

confidence: 99%

“…The form of land restoration can be in the form of agriculture, housing, industry, commercial, mining, tourism, and/or other activities that may generate income and make use of the land. However, the ownership of the revived land must be in accordance with the regulation where it is implemented, and in this example is Iran (Bidabad, 2019), and it may vary from one country to another, because each country has its own regulation on land ownership.…”

Section: Waqf-syirkah Concept For Community Food Securitymentioning

confidence: 99%

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The Concept of Waqf-Syirkah for Community Food Security

Wildana

Kafabih

2021

HOLISTICA – Journal of Business and Public Administration

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Food is essential for human survival, and ensuring its availability is critical. Waqf is present as one of supporting institutions that supports food security. This paper aims to see how waqf can contribute to the food security of a community. Waqf, in its sense is an Islamic philanthropic institution that focus on welfare of Muslim. As a Muslim, it is important to safeguard one’s life as stated in Maqasid As Shariah. This paper employs systematic literature review to see the contribution of waqf through syirkah (partnership) for community food security. Syirkah plays its role as a connector between waqf and food security, with farmers at its spearhead. Syirkah is chosen because it is compatible with farmer’s business and waqf may serve to their business sustainability in general, and farmer’s livelihood in particular. The ultimate goal of this concept is to achieve stability in the supply of staple food which leads to its price stability, hence staple food is available and accessible to all. Furthermore, the stability achieved will reduce the burden of government to provide staple food in times of crisis and to promote welfare and better social cohesion of a community.

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“…[2] We also showed how this new accounting system [3] could be used for the "Funds with Variable Capital". [4] It was also addressed how this accounting system deals with changes in timing due to non-performance [5] of the commitments. The accounting details of Mudarabah Financial Sharing (MFS) accounting were also discussed in the previous part.…”

Section: Introductionmentioning

confidence: 99%

Rastin partnership accounting part III: Instalment Financial Sharing (IFS)

Bijan Bidabad

2023

J.M.S

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Purpose: This paper aims to explain a new system of accounting for partnership financing that applies in Rastin Profit and Loss Sharing Banking. In this system, the interest rate is not used in calculations and accounting; and instead, the "time value" of capital based on the amount and duration of the partnership is used. In this part, we will go to the details of removing Riba in instalment payments accounting details.Design: Rastin Partnership Accounting principles have been founded on off-balance-sheet items and on the basis of the institutions' obligations to the depositors and receivers of financial resources, and they are in compliance with the nature of the intermediary financial activity (a partnership of depositor in the yields of the fund receiver via the bank).Findings: The distribution of profit among stakeholders (including workforce and capital owners) is accomplished according to the share of each beneficiary in the created value added. In this regard,Euler's theorem, as the best mathematical-economic innovation for the distribution of income, is applied.Research limitations: This system is novel, and it is required to be more elaborated for further practical development and adjustment.Practical implications: In this accounting system, the return of the partnership is distributed among sharers based on the amount and duration of their partnership. The penalty for delay in payment is calculated from the amount of the incurred loss due to negligence or blameworthy of the undertaker and not upon a penalty interest rate.Social implications: Interest rate as an essential factor in conventional accounting is not usable in Islamic banking and other similar institutions that work based on partnership, such as mutual funds and saving and loan associations. The proposed system removes this shortage and is fairer than conventional accounting.Originality/value: The approach of this accounting system is fully different from conventional accounting because of the intrinsic characteristics of the intermediary role of financial partnership institutions and Islamic banks.

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General Regulatory Framework in Rastin Profit and Loss Sharing Banking:

Cited by 4 publications

References 18 publications

The Effect of Firm Value and Financial Performance on Earnings Management in Sharia Issuers: Evidence From the Indonesia Stock Exchange

The Effect of Firm Value and Financial Performance on Earnings Management in Sharia Issuers: Evidence From the Indonesia Stock Exchange

The Concept of Waqf-Syirkah for Community Food Security

Rastin partnership accounting part III: Instalment Financial Sharing (IFS)

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