Risk Management for Islamic Banks

Wahyudi, Imam; Rosmanita, Fenny; Prasetyo, Muhammad Budi; Putri, Niken Iwani Surya

doi:10.1002/9781118809211

Cited by 14 publications

(37 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Mengulas tentang risiko, Wahyudi et al (2013) menegaskan bahwa Islam tidak boleh mengakui segala pendapatan dan keuntungan yang diperoleh tanpa diikuti oleh risiko. Jika ini yang terjadi, maka inilah yang disebut riba.…”

Section: Hasil Dan Pembahasan Mengapa Meneliti Riba?unclassified

Mengungkap Kesadaran Islami atas Riba pada Proses Pembelajaran Akuntansi

Rahmanti

2017

JAI

View full text Add to dashboard Cite

This research aimed to know awareness of teachers (lecturers) specifically on subject of Financial Accounting including recognition, measurement, and reporting of "interest". Muslims believe that interest is forbidden as riba. Indeed, the practice of interest is not limited as Islamic issue, but it is viewed as universal issue based on housing bubble price cycle that may affect all sectors. By employing postphenomenology as well as thought of Don Ihde, this research involving five diversified informant. The results showed that the subjects of Financial Accounting lecturer (Muslim) still stuck on "technology" (term of Ihde) in the form of international curriculum standards, reference books, and subject (course) planning.© and Secular Goals". Berbeda dengan penelitianpenelitian tersebut, penelitian ini ingin mengamati sejauh mana kesadaran muslim (diwakili oleh dosen) atas praktik riba dalam kehidupan seharihari. Kekhawatiran yang muncul atas ketidaksadaran atau justru "sengaja tidak menyadarkan diri" untuk mengenalkan, mengajarkan, bahkan mempraktikkan riba. Melalui penelitian ini, diharapkan akan dapat menemukan benang merah tentang apakah Islam kini hanya dimaknai sebagai teori yang mengarah pada sekulerisasi, atau memang Islam telah meliputi seluruh sendi kehidupan yang bersifat "sakral" (meminjam istilah Haniffa dan Hudaib 2010) dengan mengeksplorasi kesadaran muslim tentang riba. Proses penggalian ini dilakukan dengan meneliti apakah larangan riba hanya dimengerti secara teori definitif seperti yang dijelaskan dalam mata kuliah Agama, ataukah subjek peneliti memang benarbenar sadar akan hal ini yang terefleksi dari kehidupan mereka melalui aktivitasnya sebagai dosen.Ilmu sosial, ada pula yang menyebut "humaniora", lebih spesifik ilmu akuntansi diyakini sebagai tools yang bebas nilai (Mulawarman, 2013). Hal serupa disitir pula oleh Nofianti (2012) dari Sudibyo (1987) yang menyimpulkan bahwa akuntansi memang diyakini sebagai teknologi. Sebagai konsekuensinya, akuntansi dinilai sebagai suatu ilmu yang berhubungan dengan hal teknis yang tidak dapat memengaruhi suatu peradaban. Akuntansi dianggap hanya sebagai alat, benda mati, yang tidak memiliki kekuatan. Ini tercermin dari siklus akuntansi yang hanya sarat dengan angka, akun, jurnal dan berakhir di laporan keuangan. Berbeda dengan pandangan ini, peneliti lain seperti Triyuwono (2000), menilai sebaliknya, bahwa akuntansi tidak bebas nilai. Akuntansi bukan lagi dianggap sekedar alat, namun ilmu ini dapat mengubah suatu peradaban. Akuntansi akan menjadi baik jika si pengguna

show abstract

Section: Hasil Dan Pembahasan Mengapa Meneliti Riba?unclassified

Mengungkap Kesadaran Islami atas Riba pada Proses Pembelajaran Akuntansi

Rahmanti

2017

JAI

View full text Add to dashboard Cite

show abstract

“…This sort of condition is also faced by Islamic banks when they invest their funds in their debtors, including BMT, both in contracts based on the sale of debt or equity (Wahyudi et al, 2013). By using two-tier mudharabah, Islamic banks can minimise the financial risk faced, but this is not beneficial for the depositors who will absorb the loss in their capacity as fund owners (Vogel and Hayes, 1998), because the principle of loss-sharing is based on the proportion of funds and not an initial agreement like profit-sharing (Ayub, 2007).…”

Section: Existence Of Asymmetric Informationmentioning

confidence: 99%

“…In principle, a financing scheme based on the form of a debt (conventional debt), or debt based on a sale (murabahah, salam, istishna'), ijarah and qardhul hasan in an Islamic bank, can use rahn and kafalah to automatically mitigate capital recovery risk from default, both for reasons of the debtor's inability to pay and the debtor's unwillingness in paying (moral hazard). But in a financing based on investment in equity (mudharabah or musyarakah), rahn and kafalah is only effective to mitigate capital recovery risk from the risk stemming from debtor's moral hazard, and does not mitigate the risk stemming from the debtor's inability to pay (Wahyudi et al, 2013). But, any occurrence of default from debtors or business partners will cost the bank opportunity loss and reduced long-term bank profitability (Wahyudi et al, 2013).…”

Section: Existence Of Asymmetric Informationmentioning

confidence: 99%

“…But in a financing based on investment in equity (mudharabah or musyarakah), rahn and kafalah is only effective to mitigate capital recovery risk from the risk stemming from debtor's moral hazard, and does not mitigate the risk stemming from the debtor's inability to pay (Wahyudi et al, 2013). But, any occurrence of default from debtors or business partners will cost the bank opportunity loss and reduced long-term bank profitability (Wahyudi et al, 2013).…”

Section: Existence Of Asymmetric Informationmentioning

confidence: 99%

“…Theoretically, the risk sharing form of partnership should not just cover the capital invested by the Islamic bank, but also operational costs and effort invested (Wahyudi et al, 2013). When risk sharing only covers the capital invested, Islamic banks have little incentive to be involved with BMT-run businesses, and several problems may crop up.…”

Section: Risk Sharing Implementation In the Strategic Alliancementioning

confidence: 99%

See 2 more Smart Citations

Commitment and trust in achieving financial goals of strategic alliance

Wahyudi

2014

International Journal of Islamic and Middle Eastern Finance and Management

Self Cite

View full text Add to dashboard Cite

Purpose – This paper aims to illustrate theoretically and empirically the decision and result of strategic alliance between baitul maal wa tamwil (BMT) and Islamic banks as a relationship based on trust, mutual-trustworthiness and commitment. This paper also identifies the basic criteria for the resilience of a strategic alliance, the challenges and the barriers in a strategic relationship along with managerial and operational implications. Design/methodology/approach – In this study, we have chosen to use the confirmatory approach through a structured questionnaire by means of field survey to 131 BMT spread throughout Central Java and Yogyakarta. From the total sample, 89 BMT fulfilled the sampling criteria, that is: has operated for a minimum of two years and does not experience any financial difficulties during those two years; has done a financing contract with an Islamic bank; channels some of its funds to micro, small and medium enterprises; and is in the form of a cooperative, and not a micro financial institute. Data treatment uses the method of listwise deletion. Data analysis uses equation model with the software LISREL version 8.80. To validate the result of data analysis, we have also run a focus group discussion with Directorate of Syariah Banking, Bank of Indonesia, and in-depth interviews with BMT parent cluster (Inkopsyah). Findings – This research shows that commitment contributes positively in achieving the financial goals of an alliance. Coordination and initial agreement has a positive and significant influence in forming commitment from BMT and trust from Islamic banks. Other than coordination and initial agreement, the trust given by Islamic banks also came from the social capital owned by BMT. Originality/value – The trust and commitment will assist the building of strategic alliance between Islamic banks and BMT. Apart from financial purposes, the alliance between the two will also encourage natural knowledge-sharing.

show abstract

Risk Management Practices and the Performance of Indonesian and Malaysian Islamic Banks: Does Digitalization Mediate This Nexus?

Afgani,

Marzuki,

Majid

et al. 2024

Thunderbird Intl Bus Rev

View full text Add to dashboard Cite

Despite being exceptionally regulated financial institutions, risk management practices (RMPs) of Islamic banking (IBs) have always remained under the limelight due to their impact on financial performance (FP) and the influence of digitalization (DT). This study aims to investigate the impact of RMPs on FP through the mediating effect of DT. To analyze the linkage between these constructs, we created an index for RMPs, five unique proxies (mobile [MB_DEA], big data [BD_DEA], Internet of Things [IoT], cloud computing [CC_DEA], and social media [SM_DEA]) of DT, and Tobin's Q as a proxy of FP and operationalized the theory of contingency. The data between 2009 and 2020 was collected from Indonesian and Malaysian IBs and was analyzed using the two‐step generalized method of moments (GMMs) technique. The empirical findings represent that RMPs and DT have a significant positive effect on FP. Simultaneously, RMPs have a significant positive effect on two proxies of DT (MB_DEA and SM_DEA), and an insignificant positive effect on the remaining three proxies of DT (BD_DEA, IoT_DEA, and CC_DEA). Simultaneously, DT as a mediator plays a significant role between RMPs and FP. This study contributes to systematizing the RMPs of IBs by integrating digitalization which eventually will increase the financial portfolios of IBs.

show abstract

Risk Management for Islamic Banks

Cited by 14 publications

References 0 publications

Mengungkap Kesadaran Islami atas Riba pada Proses Pembelajaran Akuntansi

Mengungkap Kesadaran Islami atas Riba pada Proses Pembelajaran Akuntansi

Commitment and trust in achieving financial goals of strategic alliance

Risk Management Practices and the Performance of Indonesian and Malaysian Islamic Banks: Does Digitalization Mediate This Nexus?

Contact Info

Product

Resources

About