THE ETHICAL PRACTICES OF ISLAMIC BANKING:  An Analysis from Customer Satisfaction Perspective

Ibrahim, Azharsyah; Kamri, Nor'azzah Binti

doi:10.30821/miqot.v41i1.331

Cited by 24 publications

(18 citation statements)

References 14 publications

(7 reference statements)

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“…One of them is a research done by Hamidah et al, (2015) which states that large sized banks tend to be easier in providing capital and if not controlled properly, a moral hazard will arise because the bank functions as a business partner, by increasing profits. In addition there are also studies done by Iqbal (2012), Azinuddin (2017), and Ibrahim and Kamri (2017) which also have similar results. So then it can be said that this study can meet the first hypothesis (H1), there is a positive and significant influence of bank size on risk taking on Islamic banking in Indonesia.…”

Section: Share | Volume 8 | Number 2 | Jul -Dec 2019supporting

confidence: 58%

The Determinant of Credit Risk in Indonesian Islamic Commercial Banks

Syamlan

Jannah

2019

SJEKI

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The credit risk in Islamic Banking rises significantly due to the escalation of non-performing financing. On the other hand, the asset growth of Islamic banks also not as explosive as happened in the year 2010 – 2014. This study aims to analyze the influence of bank size, leverage, bank ages, other competitor banks, Capital Adequacy Ratio (CAR) and Non-Performing Financing (NPF) on the level of risk-taking of Islamic banks in Indonesia. Risk-taking is peroxided by Financing Asset Ratio (FAR) which hasn’t been researched deeply by other researchers, especially in the Islamic banking industry. To measure the risk-taking, this research took cross-section data of Islamic banks in Indonesia from 2010 to 2017 which obtained from the financial reports of 5 full-fledged Islamic banks namely Bank Muamalat Indonesia, Bank Syariah Mandiri, Bank Syariah Mega Indonesia, Bank Syariah Bukopin, Bank Panin Syariah, Bank Rakyat Indonesia Syariah, Bank Central Asia Syariah, and Bank Negara Indonesia Syariah. This study uses a panel data regression method. The result shows that bank size and bank age have a significant positive effect on risk-taking. Leverage and other competitor banks have a significant negative effect on risk-taking, and CAR and NPF have a negative but insignificant effect. This study recommends that Islamic banks should try to diversify the risk by introducing the new product that is based on the Mudharabah Muqayyadah.==================================================================================================Determinan Risiko Kredit pada Bank Umum Syariah di Indonesia. Risiko kredit dalam Perbankan Syariah meningkat secara signifikan seiring dengan meningkatnya pembiayaan bermasalah. Di sisi lain, pertumbuhan aset bank syariah juga tidak semasif yang terjadi antara tahun 2010 - 2014. Penelitian ini bertujuan untuk menganalisis pengaruh ukuran bank, leverage, umur bank, bank pesaing lainnya, Capital Adequacy Ratio (CAR) dan Non Performing Financing (NPF) terhadap tingkat pengambilan risiko bank syariah di Indonesia. Pengambilan risiko dipengaruhi oleh Financing Asset Ratio (FAR) yang belum diteliti secara mendalam oleh peneliti lain terutama di industri perbankan syariah. Untuk mengukur pengambilan risiko, penelitian ini mengambil data cross-section bank syariah di Indonesia dari 2010 hingga 2017 yang diperoleh dari laporan keuangan lima Bank Umum Syariah yaitu Bank Muamalat Indonesia, Bank Syariah Mandiri, Bank Syariah Mega Indonesia, Bank Syariah Bukopin, Bank Panin Syariah, Bank Rakyat Indonesia Syariah, Bank Central Asia Syariah, dan Bank Negara Indonesia Syariah. Data untuk penelitian ini dianalisis dengan metode regresi. Hasil penelitian menunjukkan bahwa ukuran bank dan usia bank memiliki pengaruh positif yang signifikan terhadap pengambilan risiko, sementara leverage dan bank pesaing lainnya memiliki efek negatif yang signifikan terhadap pengambilan risiko. Dua variabel lain, yaitu CAR dan NPF memiliki pengaruh negatif tetapi tidak signifikan terhadap pengambilan risiko. Penelitian ini merekomendasikan agar bank syariah mencoba untuk mendiversifikasi risiko dengan memperkenalkan produk baru yang didasarkan pada Mudharabah Muqayyadah.

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Section: Share | Volume 8 | Number 2 | Jul -Dec 2019supporting

confidence: 58%

The Determinant of Credit Risk in Indonesian Islamic Commercial Banks

Syamlan

Jannah

2019

SJEKI

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“…Transfer and collection products provide many conveniences to customers (Ibrahim, 2017). Money transfers and collections are very simple, because they are not limited by distance.…”

Section: Transfer and Collectionmentioning

confidence: 99%

Reviewing the Fatwas Related to Fintech Applications in Islamic Financial Institutions in Indonesia

Nurlaela¹,

Luthfiyana²,

Sulastri³

et al. 2020

SJEKI

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The tendency of the community towards halal products is currently increasing, not only related to objects/goods but also related to muamalah/interactions. The development of the latest fintech applications needs to be examined and detailed again, to be linked with related sharia law. In addition to examining legal status, an interesting thing to develop is how to formulate a fintech application that is following the Islamic economic perspective. Therefore, it is crucial to always review the National Sharia Board – Indonesian Council of Ulama (Dewan Syariah Nasional – Majelis Ulama Indonesia – DSN-MUI)’s fatwa related to fintech applications in Islamic financial institutions (LKS). The results of this study will be used as input for DSN-MUI to formulate policies and fatwas that is issued. This research is a qualitative type. The research subjects are; (1) Sharia Cards, (2) Sharia Charge Cards, (3) Transfers and Collections, (4) Payment Services, and (5) Sharia Electronic Money. There are differences in the bases for determining the contract of each of these products between Islamic countries. The results of this study indicate that: (1) the sharia card product is more appropriate to use the hawalah contract than the kafalah contract, and it is necessary to fix fines due to maturity, monthly fees that are not related to the amount of debt, and to write off merchant fees; (2) Sharia Charge Card products should use a hawalah contract rather than a kafalah contract and need to eliminate fines due to late payment; (3) the use of the wakalah contract on transfer and collection products is correct; (4) payment service products that use a wakalah and ijarah contract should be sufficient to use one of the two; and (5) electronic money can function as money, with transactions using the hawalah principle, as well as debit cards (wadi'ah principles). So, four improvements are proposed to the DSN-MUI fatwas related to the fintech application.========================================================================================================Tinjauan Terhadap Fatwa Terkait Penerapan Fintech pada Lembaga Keuangan Syariah di Indonesia. Kecenderungan masyarakat terhadap produk-produk halal saat ini semakin meningkat, tidak hanya terkait dengan benda/barang namun juga terkait muamalah/interaksi. Perkembangan aplikasi fintech terbaru perlu dicermati dan didetailkan lagi, untuk dikaitkan dengan hukum syariat terkait. Selain pencermatan status hukum, hal yang menarik untuk dikembangkan adalah bagaimana merumuskan aplikasi fintech yang sesuai dengan pandangan ekonomi Islam. Oleh karena itu sangat perlu untuk selalu meninjau fatwa DSN-MUI terkait aplikasi fintech pada lembaga keuangan syariah (LKS). Hasil kajian ini akan menjadi masukan bagi DSN-MUI untuk merumuskan kebijakan-kebijakan dan fatwa-fatwa yang dikeluarkannya. Penelitian ini berjenis kualitatif. Subjek penelitiannya adalah: (1) Syariah Card, (2) Syariah Charge Card, (3) Transfer dan Inkaso, (4) Jasa Pembayaran, dan (5) Uang Elektronik Syariah. Terdapat perbedaan dasar-dasar penentuan akad dari setiap produk tersebut di antara negeri-negeri Islam. Hasil penelitian ini menunjukkan bahwa: (1) produk syariah card lebih tepat menggunakan akad hawalah dibandingkan dengan akad kafalah, serta perlu membenahi denda akibat jatuh tempo, monthly fee yang tidak dikaitkan dengan jumlah utang, dan menghapus merchant fee; (2) produk Syariah Charge Card sebaiknya menggunakan akad hawalah dibandingkan dengan akad kafalah serta perlu menghilangkan denda akibat keterlambatan pelunasan; (3) penggunaan akad wakalah pada produk transfer dan inkaso sudah tepat; (4) produk jasa pembayaran yang menggunakan akad wakalah dan ijarah seharusnya cukup menggunakan salah satu dari keduanya; dan (5) uang elektronik dapat berfungsi sebagaimana uang, dengan transaksi menggunakan prinsip hawalah, sebagaimana kartu debit (prinsip wadi’ah). Jadi, diusulkan empat perbaikan atas fatwa–fatwa DSN-MUI terkait aplikasi fintech.

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“…Idleness or squandering of time in pursuit of unproductive work is the manifestation of lack of faith and belief. Moreover, Islam views commercial activity as not only divine but also a necessary pragmatic aspect of human life, a source of social gratification and psychological pleasure (Aldulaimi, 2016;Azharsyah & Azzah, 2017).…”

Section: Two Religious Narratives Of Workmentioning

confidence: 99%

Religion as a Workplace Issue: A Narrative Inquiry of Two People—One Muslim and the Other Christian

Etherington

2019

SAGE Open

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This study explores the work perspective of two individuals who self-identify as religious and are employed in non-religious work responsibilities. Drawing on the perceptions and experiences of a Muslim and a Christian, this narrative study examines how religion affects intentions, perceptions, and work behavior. The procedure for implementing small-scale personalized narrative research consists of studying individuals through the collection of their lived stories. Using two interviews with a series of open-ended questions, two male participants disclose how their religion intersects with their working lives. With a focus on diversity and inclusion in the workplace, this study distinguishes religion as an important workplace issue. The narratives demonstrate how two people of faith negotiate their beliefs alongside their work life. With an expectation that employers understand and accommodate the religious identities and beliefs of their employees and perhaps even profit from those beliefs, the implications of this study are important for perceiving how religion and work can integrate productively.

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THE ETHICAL PRACTICES OF ISLAMIC BANKING: An Analysis from Customer Satisfaction Perspective

Cited by 24 publications

References 14 publications

The Determinant of Credit Risk in Indonesian Islamic Commercial Banks

The Determinant of Credit Risk in Indonesian Islamic Commercial Banks

Reviewing the Fatwas Related to Fintech Applications in Islamic Financial Institutions in Indonesia

Religion as a Workplace Issue: A Narrative Inquiry of Two People—One Muslim and the Other Christian

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