Good Corporate Governance (Gcg) Principle in Sharia Banking: An Islamic Law Perspective

Abstract

The implementation of Islamic economy in Indonesia is due to the fact that Islam has a comprehensive and universal teaching in all human life aspects, including economy. One encouraging Islamic banking development in Indonesia is indicated by the operation of banks accommodating the Sharia principles. The rapid development of Sharia banking requires an immediate implementation of Good Corporate Governance (GCG) System to provide a maximum protection for the stakeholders, especially customers. The implementation of GCG is expected to help Sharia banking minimize the poor financing quality, increase the bank assessment accuracy, infrastructure, and business decision making quality as well as become the early detection to high risk business areas, products, and services. The implementation of GCG system is greatly important since Sharia banking is the intermediary institution requiring the public or stakeholders’ trust.

Islamic Corporate Governance in Social Fund Management Center (PUSPAS): Modernization of Waqf Social Fund Management

“…Some of the research social organization in institution are talked about Islamic Corporate Governance (ICG) in Islamic financial institutions. 5,6,7 In the other research, discussed Islamic Corporate Governance (ICG) in the scope of waqf. 8 9 Unlike the previous research, this research make an analysis of the practice of Islamic Corporate Governance (ICG) at the Social Fund Management Center (PUSPAS) Airlangga University Surabaya.…”