Pluralism, Fatwa, and Court in Indonesia: the Case of Yusman Roy

The interrelation between Islam, state and pluralism is an unfinished discussion in Indonesia. This paper examines an issue of promoting individual freedom to practice his/her belief, and at the same time not insulting the majority belief in a plural society. It takes the case of Yusman Roy on performing the salah (prayer) in a local language as the subject of analysis in order to identify the fault lines of religion and pluralism, and to consider how best to address them. The paper argues that fatwa and court should not be used as mechanisms to deal with the issue of religion and pluralism. It further argues for an “alternative dispute resolution†in dealing with the plurality of interpretation within Islamic tradition and at the same time maintaining the unity and harmony Islamic communities. It maintains that Roy should have the rights to practice what he believes, but at the same time, a negotiation on how he spreads his ideas outside his schools should take place in order to avoid provocative actions that invite violence

Tinjauan Akad Murabahah Li Al-amr BI Ashira

This article aim to examine the term of mura>bah}a li al-a>mr bi ashira> (MLAB) is not widely known by practitioners and observers of Islamic economics. MLAB is a term of contemporary fikih that is different from classical mura>bah}a, the difference is not located at the level of the concept, but lies in the procedures performed. The most fundamental difference between mura>bah}a and MLAB is located on the parties to a contract; in MLAB parties directly involved are the sellers, banks and customers as a buyer, while the mura>bah}a parties involved only the seller and buyer. In addition, there is necessity in carrying out the promise of MLAB (wa\u27ad al-mulzim) the sale and purchase of a promise by the bank and the customer. The method of this article is to review the opinion of Islamic scholars in many books and articles, meanwhile the aim of this article is to explain the controversial behind of two contracts such as mura>bah}a, and mura>bah}a li al-a>mr bi ashira>>> in the implementation of Islamic Finance and Islamic Banks

The Comparison of Sound Level of Islamic Banks in Indonesia and Malaysia

In facing of financial integration in the ASEAN Economic community (AEC) by 2020, Islamic banks in Indonesia must have a high level of continuity of operations to ensure business continuity and increase assets rapidly in order to boost market share of Islamic banking in Indonesia. This study was conducted to analyze the soundness comparison of Islamic banks in Indonesia and Malaysia in order to measure the readiness of Islamic banks in both countries. The study uses data of annual financial statements of 10 Islamic banks in Indonesia and 10 Islamic banks in Malaysia in 2012–2014. The results of this study indicate that Islamic banks in Malaysia are relatively better prepared compared to Islamic banks in Indonesia. Islamic banks in Malaysia have more derivative and liquidity instruments, accomodating regulation from the government, low level of non-performing financing (NPF) and the high public attention makes Islamic banks in Malaysia potentially better to compete on the era of financial integration in the AEC in 2020. In contrast, Islamic banks in Malaysia tend to be more sound than the Islamic banks in Indonesia during the period of 2012–2014.     Keywords: capital, assets quality, management, profitability, liquidity, sensitivity of risk

Pengukuran Tingkat Kesehatan dan Gejala Financial Distress Bank Umum Syariah

: Measurement of Financial Soundness and Financial Distress Symptom of Commercial Bank. This study aims to measure, analyze and compare the level of Islamic Banks (BUS) soundness using the CAMELS and the Multiple ECR method. The results of the CAMEL analysis show that the three Islamic banks studied are healthy. However, the results of the MDA analysis suggest that those three banks are categorized bankrupt. This conflicting finding indicates that MDA method is not appropriate to assess commercial banks. This is because the natures of commercial bank as a financial intermediary are much different from those of the company

Total Factor Productivity and Efficiency Analysis on Islamic Banks in Indonesia

The aims of this study are to measure productivity and efficiency, to analyze factors which affect the level of efficiency and to analyze correlation between productivity and efficiency of Islamic Banking in Indonesia. The objects of this study are 11 (eleven) Islamic Banks (BUS) in Indonesia which are analyzed from the second quarter of 2010 to the third quarter of 2015. The result shows only six of the eleven banks that have a good productivity levels, otherwise for efficiency there are only three banks that efficient enough. Furthermore, the relationship between productivity and efficiency levels that are categorized into 4 (four) quadrants. In quadrant I, three banks have high productivity and efficiency namely Syariah Mandiri, Panin Syariah and Victoria Syariah; quadrant IV two banks in low level of productivity and efficiency namely Mega Syariah and Bukopin Syariah. While the quadrant II namely BCA Syariah, BRI syariah and Muamalat and quadrant III namely BJB Syariah, BNI Syariah and Maybank Syariah required further research to determine the factors that affect the productivity and efficiency relationships that occur

Mendudukkan Status Hukum Asuransi Syariah dalam Tinjauan Fuqaha Kontemporer

Insurance Law in The contemporary Islamic Jurists Reviews. The aim of this article is to explain theinsurance points of view of contemporary Islamic jurists. In the classical fiqh literatures, discussion ofinsurance can not be found except in the book of Rad al Muhtar ‘ala Dar al Mukhtar, this book ispublished by Ibn Abidin Hanafiyah as a Islamic Jurist. The Insurance is allowed by the majority ofcontemporary jurists, namely, insurance ta'awuni based on tabarru (donation), while insurance tijari isnot allowed because it contains elements that are prohibited such as riba and gharar