Konsep Rate of Profit Dan Stabilitas Ekonomi Perbankan Syariah

Supriyanto, Trisiladi

doi:10.15408/etk.v14i2.2228

Cited by 2 publications

(3 citation statements)

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“…According to Supriyanto (2015), the increase in the amount of money owing to interest is not offset by the growth in the real sector (goods and services), which has been causing inflation.…”

Section: Time Value Of Moneymentioning

confidence: 99%

“…Unlike the interest in a loan transaction that refers to the TVM concept, the determination of the profit margin for bay' almu'ajjal or mur abahah which is inherently based on the principle of EVT is short-term so that there is no additional practice without the existence of 'iwad. If it is used in a long-term contract, it is feared that the additional profit will only follow the prevailing interest rate trend in the money market and is linear based on the concept of the time value of money (Supriyanto, 2015).…”

Section: Maq Am Al-khit Ab (Purpose Of Speech)mentioning

confidence: 99%

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Time value of money in Islamic accounting practice: a critical analysis from maqāṣid al-Sharī‘ah

Baehaqi

Birton

Hudaefi

2020

JIABR

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Purpose This paper aims to critically analyse the application of present value (PV) practised in the concept of time value of money (TVM) from the perspective of maqāṣid al-Sharī‘ah (objective of Islamic law) explained by Ibn ‘Ashur. The analysis is important as this concept has been adopted in the practice of Islamic accounting measurement. Design/methodology/approach This paper uses qualitative research approach. The authors first review literature related to TVM in Islamic perspective to understand the extent to which the scholarly articles have been discussing this topic. Furthermore, the authors conduct face-to-face interviews with the experts to comprehend the means of TVM application in the recent Islamic accounting practices. The tawhid (monotheistic) paradigm is further used with special reference to the concept of maqāṣid al-Sharī‘ah of Ibn ‘Ashur to critically analyse the practice of TVM in Islamic accounting measurement. Findings This study identifies the opposing views among the experts on the topic of TVM from the Islamic perspective. That is, the experts’ opinion on this issue can be classified into two. Firstly, a view that rejects TVM and proposes the concept of economic value of time. Secondly, an opinion that recognises TVM with the basis of bay’ al-mu’ajjal (deferred sale). This paper further critically analyses these two opposing opinions. The discussion is established based on the theory of maqāṣid al-Sharī‘ah as explained by Ibn ‘Ashur and the excerpts from interviewing the experts. This work draws a conclusion that such PV-based measurement of TVM does not meet the Islamic principles explained in the theory of Ibn ‘Ashur’s maqāṣid al-Sharī‘ah. Thus, the practice of PV measurement in Islamic accounting is debatable. Research limitations/implications This study does not establish a positivism discussion. It is thus the generalisation of this work is not applicable to the Islamic perspective in general. Rather, it is limited to Ibn ‘Ashur’s maqāṣid al-Sharī‘ah. Practical implications An analysis of PV measurement adoption in Islamic accounting from maqāṣid al-Sharī‘ah perspective is practically important to raise the awareness that such practice is debatable in Islamic principles. That is, such debate opens new arena for academics, industry professionals and other related stakeholders to further discuss an ideal practice of Islamic accounting. Originality/value This paper is among the pioneers that analyses the concept of TVM, in particular relation to PV measurement in Islamic accounting practice from the perspective of Ibn ‘Ashur’s maqāṣid al-Sharī‘ah.

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Section: Time Value Of Moneymentioning

confidence: 99%

Section: Maq Am Al-khit Ab (Purpose Of Speech)mentioning

confidence: 99%

Time value of money in Islamic accounting practice: a critical analysis from maqāṣid al-Sharī‘ah

Baehaqi

Birton

Hudaefi

2020

JIABR

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“…Setidaknya ada dua masalah penting dalam perbankan syariah dan dipersepsikan salah oleh masyarakat awam. Pertama, mengenai benchmark pembiayaan dan bagi hasil dengan tingkat suku bunga (interest rate) yang berlaku umum di Indonesia misalnya BI rate atau LIBOR di level internasional (Supriyanto, 2015). Masalah Kedua adalah pembiayaan pada perbankan syariah yang dipersepsikan hanya menganut prinsip bagi hasil (Faozan Amar & Edi Setiawan, 2017).…”

Section: Gambar 1 Grafik Perkembangan Aset Dan Market Share Perbankan Syariahunclassified

Sosialisasi dan Pelatihan Implementasi Akad-Akad dan Produk Perbankan Syariah

Santoso

2018

JPPM

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DISSEMINATION AND IMPLEMENTATION TRAINING OF CONTRACTS AND ISLAMIC BANKING PRODUCTS. The aim of this community service program is to improve comprehensive and integrative understanding of the community, religious leaders and students regarding products/contracts in Islamic banking. It is expected that the training provided by the dedication objects will be able to implement Islamic banking products / contracts in Islamic economic life. Increasing the effectiveness of sharia banking socialization is very important, for that it requires real efforts. To achieve a goal that is desired, it is necessary to make improvements in socializing Islamic banking in the community, it can be seen from what factors are a problem in increasing the effectiveness of sharia banking dissemination in the community, especially in the community. The results of the activities are the community, religious leaders and students who have knowledge of Islamic banking products and contracts and are able to implement in an Islamic economic life.

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Konsep Rate of Profit Dan Stabilitas Ekonomi Perbankan Syariah

Cited by 2 publications

References 0 publications

Time value of money in Islamic accounting practice: a critical analysis from maqāṣid al-Sharī‘ah

Time value of money in Islamic accounting practice: a critical analysis from maqāṣid al-Sharī‘ah

Sosialisasi dan Pelatihan Implementasi Akad-Akad dan Produk Perbankan Syariah

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