Claim Missing Document
Check
Articles

Found 5 Documents
Search

The Performance of Competitiveness of Sharia Banking (Indonesia-Pakistan) Using Porter's Diamond Theory Abdul Kadir Arno; Ishak Ishak; Fasiha Kamal
FITRAH: Jurnal Kajian Ilmu-ilmu Keislaman Vol 7, No 2 (2021): 11 Articles, Pages 181-378
Publisher : IAIN Padangsidimpuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24952/fitrah.v7i2.4188

Abstract

This article provides an overview of the condition of  the  competitiveness of Islamic banking performance in Indonesia and Pakistan using the porter's diamond theory descriptive analysis method, namely (i) resource variables with indicators of Institutional Performance and Financial Performance, (ii) Demand Variables with Market share and financing indicators (iii) Industry variables related to indicators of the number of sharia business units, (iv) Strategy variables with the roadmap for the development of sharia banking. The conclusions in this study are: 1) The competitive advantages of Islamic banking in Indonesia in 2016-2020 namely Institutional Performance of Islamic commercial banks, average profit growth and average growth of third party funds, compared with the same indicators on Islamic banking  in  Pakistan.  2)  Competitiveness  of  Islamic banking in Pakistan in 2016-2020, namely the Financial Ratio of NPF, FDR and BOPO which ranked first in terms of bank health level, and the average market share growth andfinancing growth compared to the same indicators in Islamic banking in Indonesia.Keywords: Islamic Banking Performance, Competitiveness, Diamond Porter theory.
SHARI’A COMPLIANCE PRINCIPLES IN FINANCIAL TECHNOLOGY Ishak Ishak; Ilham Ilham; Akbar Sabani
Jurnal Cendekia Hukum Vol 8, No 1 (2022): JCH (JURNAL CENDEKIA HUKUM)
Publisher : STIH Putri Maharaja

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33760/jch.v8i1.542

Abstract

Currently in Indonesia, financial technology (fintech) services have developed rapidly. The development of fintech in Indonesia has been responded positively by several regulations issued by the Financial Services Authority (OJK) and Bank Indonesia (BI). In addition to conventional fintech, sharia fintech in Indonesia has also begun to develop significantly, especially since the DSN-MUI fatwa on Sharia Information Technology-Based Financing Services (Fatwa No.117/DSN-MUI/IX/2018). Although sharia fintech has begun to develop, OJK has not fully accommodated the DSN-MUI Fatwa as a binding regulation. The DPS institution as a supervisor for Islamic financial institution entities as well as for start-ups such as fintech that operates according to sharia must follow the regulations that have been decided by the DSN-MUI so that these entities can operate in sharia and this is part of compliance with sharia compliance). This study investigates the Shariah compliance status of financial technology services. The research method used is the library research method with a literature review approach. The results of the study show that currently fintech operating in sharia still needs stronger legal instruments so that compliance with sharia is truly carried out comprehensively and not only applies a kind of label that is run by sharia, so that the existence of fintech and customer trust (consumers can be maintained.
Effectiveness of Monetary Policy Transmission Through Sharia and Conventional Instruments in Influencing Inflation in Indonesia Ishak Ishak; Nur Ariani Aqidah; Mikdar Rusydi
IKONOMIKA Vol 7, No 1 (2022)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/febi.v7i1.13084

Abstract

This study investigates the influence of the transmission of monetary policies through the Sharia and Conventional monetary policy instruments on Indonesian inflation using data analysis techniques such as the Vector Error Correction Model (VECM). The data of this study was obtained from financial statements of the Annual Report of Indonesian Economic and Financial Statistics (2016 to 2020), Consumer Price Index (CPI) data taken from the Central Bureau of Statistics (BPS; 2016 to 2020), from Banking Statistics Annual Reports (2016 to 2020), and from the Islamic Banking Statistics Annual Reports (2016 to 2020). The test results on the sharia instrument indicators show a negative reaction of the Consumer Price Index to shocks in FINC and SBIS, but a positive reaction to shocks in third-party funds and Islamic interbank money market. According to the test results on the conventional instrument indicators, the Consumer Price Index responds negatively to shock in LOAN, DPK, and SBI, and positively to shocks in PUAB.
Portrait Implementation Muzara’ah Contract Effort Encourage Improvement Community's Economy Ishak Ishak; Saepul Saepul; Akbar Sabani
JESI (Jurnal Ekonomi Syariah Indonesia) Vol 13, No 1 (2023)
Publisher : Universitas Alma Ata

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (336.847 KB) | DOI: 10.21927/jesi.2023.13(1).82-92

Abstract

The purpose of this study is to describe how the process of implementing profit sharing is carried out by agricultural communities in the District. District Anggeraja. Enrekang and whether the profit-sharing model is following the muzara’ah contract in Islam. There are three main topics discussed in this article, namely (1) The potential for shallot farming (2) The mechanism for implementing the muzara’ah contract in shallot farming (3) The economic impact on the community from shallot farming. This type of research uses qualitative methods which are described descriptively. Sources of research data using primary data and secondary data. To obtain valid data, the authors use data collection methods utilizing observation, interviews, and documentation. The data analysis technique used in this research is data reduction, presenting data, and drawing conclusions. The findings of the results in the study indicate that the concept of profit sharing is carried out by the people of Kec. Anggeraja Kab. Enrekang is called by the term bagessele' which is carried out based on the customs of the local community, namely an agreement between the owner of capital and sharecroppers in the form of an oral statement. In the process of implementing shallot farming profit sharing, all the results obtained from agriculture are totaled as a whole, then reduced by the capital that has been issued, and then divided based on the proportion between sharecroppers and capital owners. The mechanism for implementing the profit sharing used is also following the principles of Islamic law in Ramallah because it refers to the pillars and conditions that have been fulfilled. The distribution of ratios also follows the proportion of profit sharing in the muzara’ah contract, namely ½, 1/3, and ¼ following the mutual agreement.
Effectiveness of Monetary Policy Transmission Through Sharia and Conventional Instruments in Influencing Inflation in Indonesia Ishak Ishak; Nur Ariani Aqidah; Mikdar Rusydi
IKONOMIKA Vol 7, No 1 (2022)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/febi.v7i1.13084

Abstract

This study investigates the influence of the transmission of monetary policies through the Sharia and Conventional monetary policy instruments on Indonesian inflation using data analysis techniques such as the Vector Error Correction Model (VECM). The data of this study was obtained from financial statements of the Annual Report of Indonesian Economic and Financial Statistics (2016 to 2020), Consumer Price Index (CPI) data taken from the Central Bureau of Statistics (BPS; 2016 to 2020), from Banking Statistics Annual Reports (2016 to 2020), and from the Islamic Banking Statistics Annual Reports (2016 to 2020). The test results on the sharia instrument indicators show a negative reaction of the Consumer Price Index to shocks in FINC and SBIS, but a positive reaction to shocks in third-party funds and Islamic interbank money market. According to the test results on the conventional instrument indicators, the Consumer Price Index responds negatively to shock in LOAN, DPK, and SBI, and positively to shocks in PUAB.