The Covid–19 pandemic has caused not only a harsh health crisis, but also a harsh economic crisis worldwide. Fortunately, new vaccines for Covid-19 have been succesfully developed in the record breaking time. Even though almost every country have started Covid-19 vaccinations for its people, the Covid-19 vaccines distribution remains unequal between high income countries, middle income countries, and low income countries, with high income countries having secured large shipments of Covid-19 vaccines, while middle income countries and low income countries still mostly left behind. This inequality could cause severe repercussions in the form of further Covid-19 virus mutation, the renewal of more countagious and deadlier Covid-19 outbreak, and also a slower recovery of the global economy. The aim of this research is to investigate further about the inequality in Covid–19 vaccines distribution. This research further recommends several policy approach in order to help reduce the inequality of Covid-19 vaccines distribution. This research also aims to contribute to the evolving Covid–19 literature.
As the country with the largest Muslim population in the world, Indonesia should be the pioneer and mecca of Islamic finance development in the world. This is not an 'impossible dream' because the potential of Indonesia to become a global player of Islamic finance is very large, including: (i) the large number of Muslim citizens to be potential customers of the Islamic finance industry; (ii) a bright economic outlook, reflected by relatively high economic growth (range 6.0% -6.5%) supported by solid economic; (iii) increasing Indonesia's sovereign credit rating to investment grade that will increase investor interest in investing in domestic financial sector, including sharia financial industry; and (iv) have abundant natural resources that can serve as underlying transactions of the sharia financial industry. This paper is the writing of exploration, therefore the nature of writing is descriptive. The data used is obtained from the research library (library research) in the form of books, theses, journals, papers, magazines, and all information related to the development of Islamic banking, I will collect and describe in the discussion, from the exposure writer will try to make a picture about the prospect of sharia banking in Indonesia.
The development of the Islamic finance industry in Indonesia has increased rapidly and satisfactorily. This can be seen from the growing number of Islamic financial institutions with a total of 4,000 institutions in 2019. These thousands of institutions offer sharia services and products; Islamic banks, Islamic people’s credit, sharia insurance, sharia pension funds, sharia pawnshops, sharia cooperatives, and sharia financial technology (fintech), etc. The rapid development of the Islamic financial market is a serious challenge for sharia economic experts who are members of the official institution of the National Sharia Council. This institution has the sole authority in issuing fatwas on sharia economics and finance in Indonesia. This paper reviews the thought products of the National Sharia Council in issuing fatwas in the form of sharia financial products that are flexible, meeting market demands/customer needs, and complying with sharia principles. The data was collected from DSN’s fatwas on sharia products from 1999-2010. Furthermore, the content analysis method was used to analyze the contents of DSN’s fatwa. The analysis result shows that DSN’s ijtihad in producing sharia products has not been sufficient a priori to rely on classical books which are very normative but must rely on economic demands/needs of modern financial markets.
The potential for charity zakat is high for zakat institutions based on local employment and wage data. Despite the highest zakat collection, there are still groups that have little involvement with this type of charity. This study explores the perception of the workers' community on zakat mustafad zakat. Government and private workers throughout the State of Kedah are the samples of this study. Descriptive analysis of aspects of understanding, attitudes and social norms was used to assess their perception of zakat. The findings show high scores on these three sides. The working community is very aware of this zakat obligation but the potential for collection has not reached the expected level.
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