Maqashid Sharia Implementation in Indonesia and Bahrain

Nugraha, Erik; Nugroho, Lucky; Lindra, Citra; Sukiati, Wiwin

doi:10.15408/etk.v19i1.14655

Cited by 20 publications

(18 citation statements)

References 13 publications

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“…Mutia & Musfirah (2017) also state that the average performance of Islamic banking with the maqashid Sharia index in ASEAN countries (Indonesia, Brunei, Malaysia, Philippines, and Thailand) is not much different. The same result also shows by Nugraha et al (2020) that there are no differences between Islamic banks in Indonesia and Bahrain. ANOVA one-way test shows that there are differences in the performance of Islamic banking in the three countries.…”

Section: Share | Volume 10 | Number 1 | Jan -Jun 2021supporting

confidence: 66%

“…Both of these reasons are important indicators of the dimension of upholding justice and promoting prosperity in the attainment of maqashid Sharia. Nugraha, Nugroho, Lindra, & Sukianti (2020) find that Indonesian Islamic banking had a better Sharia maqashid index rather than Islamic banking in Bahrain. Amaroh & Masturin (2018) state that the financial system must flexible, resilient, and stable.…”

Section: Share | Volume 10 | Number 1 | Jan -Jun 2021mentioning

confidence: 71%

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Comparison of Islamic Banking Performance in Indonesia, Pakistan, and Bangladesh: Sharia Maqashid Index Approach

Arif

Yati

2021

SJEKI

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There is a different characteristic between Islamic banks and conventional banks, so Islamic banks must have performance measures based on Islamic values in them. This study aims to measure the performance of Islamic banks in three countries - Bangladesh, Indonesia, and Pakistan - using the Sharia Maqashid Index. Also, this study examined whether there were differences in Sharia Maqashid Islamic bank indexes in the three countries using the one-way ANOVA test. The results of the study, in general, showed that the Al-Arafah Islamic Bank of Bangladesh received the highest score, followed by Bank of BNIS and Bank of BRIS. Besides, the results of the study also showed that there were differences in performance. This result implies that Islamic banks should use the maqashid sharia framework as a benchmark for their objective and performance indicators.========================================================================================================ABSTRAK – Perbandingan Kinerja Perbankan Syariah di Indonesia, Pakistan, dan Bangladesh: Pendekatan Indeks Maqashid Syariah. Terdapat perbedaan karakteristik antara bank syariah dan bank konvensional, sehingga ukuran kinerja bank syariah harus didasarkan pada nilai-nilai syariah yang terdapat di dalamnya. Penelitian ini bertujuan untuk mengukur kinerja bank syariah di tiga negara yaitu Bangladesh, Indonesia, dan Pakistan dengan menggunakan Sharia Maqashid Index. Selain itu, penelitian ini juga menguji apakah ada perbedaan indeks bank syariah Maqashid Syariah di tiga negara dengan menggunakan uji one-way ANOVA. Hasil penelitian secara umum menunjukkan bahwa Bank Islam Al-Arafah Bangladesh memperoleh skor tertinggi, disusul oleh Bank BNIS dan Bank BRIS. Selain itu, hasil penelitian juga menunjukkan adanya perbedaan kinerja di tiga negara tersebut. Hasil ini menyiratkan bahwa bank syariah harus menggunakan kerangka maqashid syariah sebagai tolok ukur tujuan dan indikator kinerjanya.

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Section: Share | Volume 10 | Number 1 | Jan -Jun 2021supporting

confidence: 66%

Section: Share | Volume 10 | Number 1 | Jan -Jun 2021mentioning

confidence: 71%

Comparison of Islamic Banking Performance in Indonesia, Pakistan, and Bangladesh: Sharia Maqashid Index Approach

Arif

Yati

2021

SJEKI

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“…The framework using Abu Zuhairah's maqashid theory has become widely used. Several studies have measured the performance of Indonesian Islamic banks using this measurement tool (Ascarya et al, 2017;Hosen et al, 2019;Mifrahi & Fakhrunnas, 2018;Nugraha et al, 2020;Permana et al, 2017;Rusydiana & Sanrego, 2018;Soleh, 2016;Antonio et al, 2012). There are three dimensions of this measurement: educating people, establishing justice between stakeholders, and promoting welfare.…”

Section: Incomplete Existing Theorymentioning

confidence: 99%

Indonesian Islamic Banking Performance: a Conceptual Framework

Pertiwi¹,

Tjakraatmadja²,

Febriansyah³

2020

Etikonomi

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This conceptual paper aims to develop an integrated organizational performance model. The analysis will focus on the role of management organization variables. This paper uses Indonesian Islamic Banking as a case study and feature the correlation between the way they manage their performance. Model development in this paper use conceptualize phase adapted from Dubin's theory-building method. The conceptualize phase is formed through a combination of in-depth interviews, observation, written experiences of experts, and research publications. A conceptual framework that has the potential to boost their performance; an organization should thus pay attention to how to bring together the service innovation, knowledge management capability, and human capital drivers in such a model and this is what is proposed here. The findings provide valuable insights on the role of non-financial and the importance of management organization variables in improving organizational performance, which could assist them in (re) aligning their management organization practices.

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“…Dalam operasional bank syariah juga melarang transaksi yang mengandung unsur MAGHRIB yaitu singkatan dari Maysir (judi atau spekulasi), Gharar (transaksi yang belum jelas tujuannya) dan Riba (transaksi yang mengandung unsur riba atau pengalihan risiko kepada pihak lain). Dampak dari adanya maqasid syariah dan pelarangan transaksi yang mengandung unsur MAGHRIB tersebut adalah seluruh transaksi pada bank syariah baik produk dan layanannya harus merujuk pada akad-akad syariah yang sesuai dan telah mendapatkan fatwa dari dewan pengawas syariah dan juga majelis ulama Indonesia (Nugraha et al, 2020).…”

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Analisa Manfaat Pembiayaan Gadai Emas Syariah: Studi Kasus Bank Syariah Mandiri-Tomang Raya

Nugroho

Bahari

Putra

et al. 2021

J. Rekay. Keu. Syar. Aud.

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One of the superior products that distinguish between Islamic banks and conventional banks is Rahn or a pawn. However, these products are not owned by all Islamic banks. Furthermore, one of the sharia banks that have gold Rahn products or sharia gold pawn financing is Bank Syariah Mandiri (BSM), where BSM is also the largest Islamic bank with assets in Indonesia. This study aims to analyze the use of Islamic bank gold pawn financing for the community. The method used is a qualitative descriptive method with primary data. The sample used is customers of the BSM Tomang Raya Branch who have gold pawn financing facilities, amounting to 30 customers. The research questions are (i) What are the characteristics of the customers of sharia gold pawn financing;(ii) How is the use of Islamic gold pawn financing. The results of the research show that the majority of the age range of customers for sharia gold pawn financing is productive age (30-49 years), the majority of the sexes are women, the occupation of the majority of customers is private employees, the majority of customers› income is> IDR 5,000,000 per month. , the majority of customer education is S-1 and the religion of the majority of customers is Muslim. In addition, the use of borrowed money from sharia gold pawn financing is intended for consumer needs.

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Maqashid Sharia Implementation in Indonesia and Bahrain

Cited by 20 publications

References 13 publications

Comparison of Islamic Banking Performance in Indonesia, Pakistan, and Bangladesh: Sharia Maqashid Index Approach

Comparison of Islamic Banking Performance in Indonesia, Pakistan, and Bangladesh: Sharia Maqashid Index Approach

Indonesian Islamic Banking Performance: a Conceptual Framework

Analisa Manfaat Pembiayaan Gadai Emas Syariah: Studi Kasus Bank Syariah Mandiri-Tomang Raya

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