Mekanisme Pasar dan Kebijakan Penetapan Harga Adil dalam Perspektif Ekonomi Islam

In contrast to conventional system, concept of Islamic economy emphasize that market mechanism and price arrangement need to be regulated to create market balance and economic justice, taking into consideration the interest of the parties involved in the market. Reasonable and fair price is the price obtained through the force of supply and demand. If there exist actions such as zhulm resulting distortion or imbalance market price, government needs to take steps to implement price arrangement taking into account factors causing distortion and restore the original price at the balance pointDOI: 10.15408/aiq.v5i1.255

Transformasi Nilai-nilai Ekonomi Islam dalam Mewujudkan Keadilan Distributif Bagi Penguatan USAha Kecil Mikro di Indonesia

Distributive unfairness still appears in various aspects including government budget allocation policies in an attempt to develop a small micro entrepreneurs, either through the State Budget (APBN) and the allocation of bank financing to SMEs. The policies put forward the interests of big business are only owned by a handful of people. Whereas the majority of Indonesian people are in the small micro entepreneurs. Economic values of Islam inthis article attempted to be transformed in a number of policies and efforts of the stakeholders to implement the instruments of Islamic economics, free of ribâ, and put zakâh as the main tool of redistribution budgetDOI: 10.15408/aiq.v3i1.249

Evaluating The Models of Sharia Microfinance in Indonesia: an Analytical Network Process (ANP) Approach

This study focuses on evaluating the  performances  of  three  sharia  microfinance  models,  i.e.  cooperative  model represented by BMT al Fath, Grameen model represented by MBK, Ltd.co, and mixed model represented by Baytul Amanah Ikhtiar cooperative. ANP approach is used to evaluate the performances of those models from five important aspects (clusters)  as  the  determiners,  such  as  human  resource,  finance,  management, sharia  compliance,  and  marketing.  The  findings  of  this  research  show  that  the most important aspect (priority) among the clusters is human resource. Thus, the best strategy is the mixed-based; the model which integrates the cooperative system with grameen system. It becomes the best model inasmuch as it implements values of  both  co  ownership  and  co  responsibility,  in  addition  to  power  of  collectivity resulting in no cash collateral.DOI:10.15408/aiq.v7i1.135

Tingkat Kepatuhan Syariah Bank Pembiayaan Rakyat Syariah Berbasis Maqashid Syariah

Knowledge of shariah compliance in the sharia banking industry is still low. Shariah compliance is a special uniqueness that exists in sharia banking. The correct knowledge of shariah compliance has an important urgency in the operations of Islamic banks. The purpose of this study was to determine the level of sharia compliance of Islamic Rural Banks in Indonesia. The research method uses a quantitative descriptive approach. The data source of this research is secondary data. The data collection technique uses documentation in the form of annual reports of all Sharia Rural Banks (BPRS) which are the combined financial statements of BPRS in the Sharia Banking Statistics Report for September 2021 Otoritas Jasa Keuangan (OJK) with a total of 165 BPRS. The results show that the level of sharia compliance of Islamic Rural Banks (BPRS) as measured by the Maqashid Shariah Index (MSI) for a period of 10 years is still very low with an average index value of 0.32319 or 32.319%.  Research findings reveal that the allocation of funds to aspects of education, research and training as well as the ratio of zakat to income is very relatively low, even information related to zakat payments until 2018 is non-existent or zero. The results of this study can be used as input for the management of Islamic Rural Banks (BPRS) special attention to the dimensions of which the index value is still very lo

PERBANKAN SYARIAH DI INDONESIA DAN PERAN PERGURUAN TINGGI DALAM RANGKA AKSELERASI

Recently, the shares of shari’a banking were too small compared to the asset ofnational banking. The support from the government indicated that new industries were wellconsidered in the national economic development. Various barriers and challenges neededto be solved through total supports from the stakeholders and all elements of society. Highereducation as the center of analysis and research had a strategic role in contributing thoughtsfor product development, supply of human resource, socialization, education and advocationto the implementation of regulation so that acceleration program could make shari’abanking as a part of economic pillar of nation especially medium, small and micro enterprisesempowerment

PERBANKAN SYARIAH DI INDONESIA:

This article discusses the development of Islamic banking in Indonesia, its contribution to and role in the constellation of national economy, particularly in empowerment of medium, small and micro enterprise (UMKM) which constitutes the pillar of national economy. This article also analyses a number of challenge faced by the Islamic banking institutions and attempts made by university as the centre for research, training human recourse to be capable and comprehend Islamic economy and to professionally develop Islamic financial industries, educating and advocating society for the strengthening of the regulation implementation. This is needed in order that the acceleration and development of Islamic banking in Indonesia could be realized in short time.  This article discusses the development of Islamic banking in Indonesia, its contribution to and role in the constellation of national economy, particularly in empowerment of medium, small and micro enterprise (UMKM) which constitutes the pillar of national economy. This article also analyses a number of challenge faced by the Islamic banking institutions and attempts made by university as the centre for research, training human recourse to be capable and comprehend Islamic economy and to professionally develop Islamic financial industries, educating and advocating society for the strengthening of the regulation implementation. This is needed in order that the acceleration and development of Islamic banking in Indonesia could be realized in short time. &nbsp

TRANSFORMASI NILAI-NILAI EKONOMI ISLAM DALAM MEWUJUDKAN KEADILAN DISTRIBUTIF BAGI PENGUATAN USAHA KECIL MIKRO DI INDONESIA

Distributive unfairness still appears in various aspects including government budget allocation policies in an attempt to develop a small micro entrepreneurs, either through the State Budget (APBN) and the allocation of bank financing to SMEs. The policies put forward the interests of big business are only owned by a handful of people. Whereas the majority of Indonesian people are in the small micro entepreneurs. Economic values of Islam inthis article attempted to be transformed in a number of policies and efforts of the stakeholders to implement the instruments of Islamic economics, free of ribâ, and put zakâh as the main tool of redistribution budgetDOI: 10.15408/aiq.v3i1.249

Micro Financing Products and Business Model of Islamic Micro Finance Institution (Imfis) In Indonesia: Lessons from Baitul Maal Muamalat (BMM)

This paper attempts to elucidate the micro financing products and business models of micro finance in Baitul Maal Muamalat (subsidiary of Bank Muamalat Indonesia). During 2010 Bank Muamalat has been distributed the social fund through BMM as much as Rp 22.8 billion. The funds are distributed in the form of the micro financing program for economic empowerment through LKMS and KUM3 program. LKMS program is channeling fund to Islamic Micro Finance Institutions (IMFIs) through linkage program. While KUM3 program is channeling micro financing to 24 cities that are consist of 183 mosques and 4647 Mustahik (poor recipients). This program encourages Mustahik to increase their business line with modern business management. The program mission are to facilitate the micro business community through the utilization of ZIS (Zakat, Infaq and Sadaqah) funding, to build organization quality of the mosque as a basis of development and strengthening the quality of brotherhood as the basis for the establishment of micro enterprises, encourage the habit of giving, and create awareness of modern business management and ensure the business activity free from Maysir, Gharar, and Ribā. There are three kinds of financing program of KUM3 which are Aqh Model, second, Qard model and the third is Musharakah model. The KUM3 financing model is Sharīah based model that use a variety of Islamic contract such as profit and loss sharing system between participants. In addition, BMM arranged the curriculum model of financing through the KUM3 program. Keywords: Baitul Maal Muamalat, Micro financing, Business Model