Development Of Islamic Banking Research Articles

The development of Islamic banks in Kazakhstan

The purpose of the research this article examines the functioning and future prospects of Islamic finance in Kazakhstan, addressing a relatively underexplored topic in the academic literature. The authors' aim is to examine the historical development of Islamic finance, identifying the obstacles that have hindered its progress, especially given the limited progress made in the last decade.Research methodology – includes applied research methods, scientific abstraction and systematic approach. The authors derive their conclusions and recommendations from an assessment of the strengths, weaknesses and threats of Islamic finance aimed at reducing the negative impact on the country's economy and financial system.Originality/value of the research - the authors carefully examine Islamic law and the use of Islamic financial instruments. Based on their analysis, recommendations are made to promote the introduction of Islamic financial instruments in the financial sector of Kazakhstan.Findings. Our findings of the study highlight the problems associated with the country's conservative approach to Islamic finance and the presence of various restrictive barriers, both prudential and social. The study can help legislative and executive authorities in developing a program for the development of Islamic finance in Kazakhstan. They can also use these recommendations to improve or create more specific legislation in this area.

PERSEPSI PENGURUS MASJID TENTANG PRODUK TABUNGAN BANK SYARIAH DAN MINAT MENABUNG DI BANK SYARIAH (Studi di Kelurahan Simpang IV Sipin Kecamatan Telanaipura Jambi)

This study aims to: (1) to find out how the perception of mosque administrators towards Islamic bank savings products (2) to find out how mosque administrators are interested in saving their mosque funds to Islamic banks. The method used to collect data in this study is through interviews, observation and documentation. In this study, the research objects used were 9 mosques in the Simpang IV Sipin Telanaipura area. The results of this study are that the mosque administrators in the Simpang IV Sipin Telanaipura area there are still some mosque administrators who do not really understand the products issued by Islamic banks, 6 out of 9 mosques studied that the administrators have the perception that Islamic bank products are good, guaranteed by the sharia which is free from usury elements. While the other 3 mosques mosque administrators perceive that Islamic bank products are not much different from conventional banks, they assume that as long as conventional banks do not take excessive profits from customer savings, it is still different if they take profits beyond the limit. Furthermore, as many as 6 mosques, the administrators are interested in saving the mosque funds that they manage in Islamic banks. Meanwhile, as many as 2 mosques, the administrators are not interested in saving the mosque funds that they manage in Islamic banks, they prefer conventional banks. If it is percented, 67% of mosque administrators are interested and 22% of mosque administrators are not interested. Mosque administrators who do not save in Islamic banks because they save in conventional banks, they have the perception that Islamic banks have complicated requirements, difficult and long arrangements, which is why they prefer conventional banks. And 1 mosque administrator is not interested in either Islamic banks or conventional banks, if percented by 11%. The implication of the findings of this study is that it is necessary to follow up on efforts related to increasing public knowledge of Islamic financial products for the better development of Islamic banking, mosques and society.

Redesigning the Learning Plan of the English for Islamic Banking Course

The development of Islamic Banking both nationally and globally has experienced a significant increase in both the amount of assets managed and their performance. This development is marked by the spread of Islamic banking offices and networks throughout Indonesia. Such development requires the support of human resources who have skills and knowledge related to Sharia-based banking practices as well as able to compete with the global world. In this regard, language skills, especially English language as a global language become important. Nevertheless, there is a dearth in textbooks that specifically teach people how to conduct Sharia banking practices in English. Thus, this research aims to redesign and improve the language skills of employees and prospective employees of Islamic banking through learning plans and learning objectives that suit industry needs. The present study conducted a needs analysis toward employees, lecturers, college alumni, Sharia-based bank guilds. The present study composed a textbook which consists of eight units to teach employees of Sharia-based banks to conduct banking practices in English. The learning materials are also equipped with learning objectives, aiming to improve the language skills of learners.

The Relationship between Age and Level of Income with Understanding of Islamic Digital Banking

The rapid growth of information and communication technology development has driven the Islamic banking and finance industry to digitalize all transactions and Islamic banking products to go fully online. However, there is a hindrance in developing Islamic digital banking which is the lack of understanding about Islamic digital banking among Malaysia community from different age and level of income. This study aims to investigate the relationship between age and level of income of Malaysian community with the level of knowledge about Islamic digital banking. This study employed a quantitative survey questionnaire of 100 respondents. The Statistical Product and Service Solutions (SPSS) software version 27 has been used in this study in analysing the data through descriptive analysis. The general finding of this study showed that the young generation and people with lower income have more intention to adopt this new application compared to the older generation and people with higher income. By analyzing these relationships, the research could help Islamic banks tailor their services and products to various demographic groups, enhancing accessibility and understanding. Additionally, the findings might inform policymaking to create a more inclusive financial system, particularly in predominantly Muslim countries. Overall, the study appears to connect the fields of demographics, technology, economics, and cultural studies, potentially providing essential insights for the development and growth of Islamic digital banking.

The effect of Islamic development bank projects on economic growth in the Gulf Cooperation Council countries

The effect of Islamic development bank projects on economic growth in the Gulf Cooperation Council countries

Alternative model of Islamic deposit insurance for the Islamic banking system

Purpose This paper aims to develop a novel approach to Islamic deposit insurance, specifically addressing the deficiencies in the current prevailing models of Islamic deposit insurance. Design/methodology/approach The analysis in this paper adopts a qualitative content analysis approach to review the existing literature on Islamic deposit insurance and propose a new model. Findings The proposed model includes a revised scheme. In the event of a bank failure, the funds used to reimburse depositors of the failed bank are divided into two distinct categories. The first category includes nonrepayable premiums that have been previously paid by the failed bank and managed by the Islamic deposit insurance agency or Islamic deposit insurance corporation. The second category comprises qard hasan, an interest-free loan provided by the Islamic deposit insurance agency or Islamic deposit insurance corporation using the deposit insurance funds from the collective pool of premiums of other banks. Practical implications The proposed model ensures that well-managed banks are not unfairly burdened by the failures of their poorly managed counterparts, thus preventing a sense of unfairness and inefficiency. Implementing the proposed model may result in higher business practices and risk management standards, ultimately leading to better depositors’ protection and banking system’s stability. Originality/value This paper offers a significant contribution to the limited literature on Islamic deposit insurance. The proposed model enriches the discourse and offers valuable insights for the future development of Islamic banking.

Corporate governance and Islamic social reporting: Indonesia Islamic banking development roadmap era

This research examines the corporate governance effect on Islamic Social Reporting (ISR). This research was conducted in 2015-2022, used the ISR codification, collected from the annual reports of ten Indonesian Islamic banks, and applied the Stakeholder Theory approach which has never been done previously. The research results show that Board of Commissioners’ meetings, Audit Committee meetings, and Sharia Supervisory Board meetings significantly and positively affect ISR. These findings imply that supervision through the meetings of the Board of Commissioners, Audit Committees, and Sharia Supervisory Board plays a role in detecting ISR. Corporate governance in Islamic banks continuously seeks to maintain sustainability in Islamic banks, including the support for stakeholders. ISR is a form of Islamic bank accountability to show that Islamic banks always prioritize their stakeholders, including the support for the Indonesia Islamic banking development roadmap prepared by the Financial Services Authority.

Deposit Strategy of Easy Wadiah Savings Fund at Bank Syariah Indonesia

This study aims to find out about the development of Islamic banks in Indonesia. This research is qualitative descriptive. This study included literature to examine the written sources such as scientific journals, books referesni, literature, encyclopedias, scientific articles, scientific papers and other sources that are relevant and related to the object being studied. As for the object of study of this research is in the form of texts or writings that describe and explain about the development of Islamic banks in Indonesia. Results from this study is Indonesian banking now enlivened by the presence of Islamic banks, which offers financial products and investment in a different way than conventional banks, as Indonesia is the largest Muslim country in the world. The development of Islamic banking in Indonesia has become a benchmark for the success of the Islamic economic existence. Bank Muamalat as the first Islamic bank and a pioneer for other Islamic banks in Indonesia.

STRATEGI BANK SYARIAH DALAM MEMAKSIMALKAN PERTAMBAHAN NASABAH DI KOTA PAREPARE

This article was written to provide an overview of sharia banking strategies in maximizing customer growth. comparing Islamic banks with commercial banks and the development of Islamic banks. The data sources that the author uses are primary data and secondary data. This research is classified as qualitative descriptive research, meaning that this research attempts to describe, record, analyze and interpret what is researched through observation, interviews and studying documentation. This research is field research or field research. Field research is research carried out on an event that actually happened. The strategy of sharia banks to maximize customer growth in the city of Parepare is not very optimal because there has not been much outreach to the public about sharia banks, so the public still equates sharia banks with general (conventional) banks.
 Keywords: Syariah Bank, general (conventional) banks

Literature Review: Perkembangan dan Kinerja Bank Umum Syariah di Indonesia Tahun 2014-2023

Purpose: This study investigates the development and performance of Islamic commercial banks in Indonesia from 2013 to the present, focusing on the factors that influence growth and the challenges faced by the Islamic banking sector in supporting economic stability and inclusiveness. Methodology/approach: This research uses a literature review method of 30 previous research articles from the Google Scholar and Research Gate sites, which measure the financial performance of Islamic Banks in Indonesia in terms of profitability during the publication period–2013-2023. Results/findings: This research study reveals that several studies on Islamic Banks in Indonesia use various indicators to measure financial performance and bank health, > 60% of researchers use the variable measurement ratios ROA, ROE, BOPO, CAR, FDR and NPF while the rest some use the LDR, RGEC, NIM, CGC, ETA, EFF, NPL and DPK ratios Limitations: The use of research methods in the form of literature that focuses on the analysis of several previous studies conducted by Google Scholar and ResearchGate can reduce the validity and generality of the research results. The literature review does not involve collecting primary data through observation or experimentation; therefore, the information obtained is descriptive and does not allow the identification of causal relationships. Contribution: Through a careful literature review of previous articles, this study succeeded in identifying the main trends, innovations, and challenges faced by the Islamic banking sector in Indonesia.

Pengaruh Regulasi Keuangan Islam terhadap Pertumbuhan Bank Syariah

This study explores the influence of Islamic financial regulations on the growth of Islamic banks, with a specific focus on qualitative methods and a literature review of previous articles. This approach provides profound insights into the development of Islamic banks in the context of Islamic financial regulations. The research identifies the need for financial regulations aligned with Sharia principles to ensure sustainable growth of Islamic banks, detailing the background of the importance of Islamic financial regulations in supporting the growth of Sharia-based financial institutions. The research methodology involves qualitative analysis of relevant literature, offering a comprehensive understanding of the impact of these regulations. The findings reveal that Islamic financial regulations play a significant role in strengthening and promoting the growth of Islamic banks. The conclusion emphasizes the importance of implementing and refining Islamic financial regulations as a key factor in enhancing the health and sustainable growth of Sharia-based financial institutions.

Effectiveness of The Islamic Development Bank (IDB) in Promoting Development in Muslim Countries

Effectiveness of The Islamic Development Bank (IDB) in Promoting Development in Muslim Countries

Indonesia Islamic Bank Development: An Interpretive Structural Modeling (ISM)

This research is aim to identify the priority factors that being barrier to develop Islamic bank in Indonesia using Interpretive Structural Modeling (ISM) method. Here is also offered some solutions for the problems identified. ISM is an advanced planning methodology used to identify, analyze and summarize various relationship among factors that define a problem, model or issue. The development of Islamic bank in Indonesia with ISM framework is divided into three criteria: (1) Strategy or foundation required within the framework of developing Islamic banks, and (2) Stakeholders or actors involved in the development of Islamic banks in Indonesia. Result show that the core strategies or foundations that’s needed in framework of Islamic banking development in Indonesia are: The improvement of public literation and preference, Strengthening and align ruling and supervision, Strengthening policy synergy between the stakeholders and Improvement quality and quantity of human resources, information system & technology and other infrastructures.

Linkage of Sharia Banking and Sharia Fintech to Support the Sustainable Development Goals Program

Background In addition to Sharia banking, Islamic finance includes an Islamic financial institution called Sharia Fintech, which is currently under development and whose asset size will reach 128.87 billion rupees in March 2023. Both institutions can have synergistic effects in supporting various economic activities. If all this time Islamic financial institutions stand and run individually, then through synergy it will be easy to achieve goals and contribute to the economy and development.Purpose. This study aims to explain the development of Islamic banking and Islamic fintech in Indonesia. and forming relationships between Islamic banks and Islamic fintech in support of the SDGs.Method. The research method used is a literature review using qualitative methods. The data source used was secondary data, which was processed from existing data. Data collection used the Financial Services Authority's data library and other data relevant to the research topic. We used descriptive qualitative methods to analyze the data and described the development of Islamic banks, the development of Islamic fintech, and the form of collaboration between Islamic banks and Islamic fintech in supporting the SDGs.Results. According to the study, in the development of Islamic banking, from December 2020 to March 2023, assets increased by 33.61% and the number of customers increased by 35%. For Islamic fintech, assets increased by 72.56% during the same period, while Sharia fintech players decreased by 30%. The form of collaboration between Islamic banks and Islamic fintechs can become partners that point the way to financing, especially in the micro-segment.Conclusion. Fintech has the advantage of flexible access, allowing Islamic financial institutions to store funds and distribute finance. Customers who cannot be reached by banks can access Shariah-compliant fintech services. The interconnection of the two can foster economic activity, especially under the SDG agenda: poverty reduction, wealth creation, decent work, economic growth, inequality reduction, and partnership for the goals

Investigating the Additionality of Islamic Blended Financing for Supporting Awqaf Projects

It is observed that financing revenue generating awqaf projects to serve socio-economic development purposes requires considerations and provides opportunities that are different from those of typical development finance. Notably, the positive impact of these projects fully depends on their ability to generate revenue utilizable for social purposes, requiring minimization of the debt burden on such projects. Furthermore, the nature of awqaf projects provides an excellent avenue to attract legacy-conscious donors, looking for long-term impact. In light of these observations, the pertinent question that arises is: what is the impact of using Islamic blended financing to support revenue generating awqaf projects? The literature has been silent on this issue. The present study examines the extent to which this type of financing increases the positive impact of developing awqaf projects and how blending the various Islamic commercial contracts (mainly exchange and sharing contracts with contributory contracts) decreases the net financing burden and makes awqaf financing more concessional. The study is based on a qualitative review of two case studies from the Islamic Development Bank’s Awqaf Properties Investment Fund (APIF). This review leads to various policy recommendations that can be adopted by relevant stakeholders to enhance the impact of developing awqaf properties.

The Influence of Knowledge, Perceptions, and Preferences on Customer Behavior Through Religious as An Intervening Variable

This study analyzes the impact of knowledge, perceptions, and preferences on customer behavior through religiosity as an intervening variable at Bank Aceh Syariah Aceh Tamiang Regency. This study employs field research with a sample size of 96. The data analysis technique used is PLS-SEM version 3.0, which includes Outer Model, Inner Model, and Hypothesis Test analysis. The findings indicate that knowledge has a direct positive effect on customer behavior, and that knowledge through religiosity also has a positive and significant impact. Perception variables have a positive but insignificant effect on customer behavior, while religiosity has a positive and significant effect on perception. Preferences have a positive but insignificant effect on customer behavior, while religiosity has a negative and insignificant effect on preferences. Additionally, religiosity has a positive and significant effect on customer behavior at Bank Aceh Syariah Aceh Tamiang Regency. The implications of this research can serve as a reference for academic studies by government officials, Islamic banking practitioners, and the wider community to support scientific development, products, and technology in the future development of Islamic banks. Further research should consider additional and intervening variables for maximum results.

Food Security, Affordable Housing, and Poverty: An Islamic Finance Perspective

Ahmet Suayb Gundogdu, Food Security, Affordable Housing, and Poverty: An Islamic Finance Perspective. Cham: Palgrave Macmillan, 2023, XX + 190 pp. ISBN 978-3-031-27688-0, Price EUR 109.99.
 Ahmet Suayb Gundogdu is a practitioner and an academic on the subject of Islamic finance. Since first joining the Islamic Development Bank (IDB) in 2008, he has worked his way up to the position of senior professional at the bank. He obtained his doctorate in Islamic finance from Durham University (UK), and besides being a finance practitioner, he also holds the esteemed position of associate professor at Istanbul Sabahattin Zaim University in Turkey. His professional background places him in an ideal position to discuss Islamic finance.

Analysis of The Effect of Financial Ratios on ROA In Islamic Commercial Banks in Indonesia

Currently, Islamic banks are growing rapidly, starting in 1983, where BI gave freedom to banks to set interest rates, in order to create a healthy and strong bank, by implementing a profit-sharing system. The potential for the development of Islamic banks is very open, to become a leading bank at the global level. One of the government's missions is to develop the halal industry, making Islamic banks large and powerful in the country with the largest Muslim population in the world. For this reason, research was conducted by analyzing the ratio of finance to profitability at Islamic Banks from 2010 to 2022. The population in the study was 8 out of 14 Islamic banks, which are registered with OJK and have complete financial statements published with purposive sampling. Data analysis method with panel data regression using SPSS 25 and eviews 10. From the results of the t test, it is hypothesized that CAR and FDR have no influence on ROA, while NPF and BOPO have a negative influence on ROA. The variables CAR, FDR, NPF and BOPO simultaneously have a significant influence on the ROA of Islamic Banks for the period 2010 – 2022. The coefficient of determination is 53.5% and the remaining 46.5% comes from factors other than variables in the study.

Leveraging Islamic Economic To Alleviate Poverty In Indonesia : A Promising Pathway

This empirical study explores the relationship between Islamic banking development, social justice promotion, and poverty reduction in Indonesia, using annual time series data from 1991 to 2021.. Methodology/approach The analysis encompasses unit root tests, Johansen cointegration tests, and Vector Error Correction Models (VECM) to assess short and long-term causality among the variables. The results provide robust evidence that expanding Islamic financial institutions and increasing spending on Islamic philanthropy significantly contribute to reducing national poverty levels over both the short and long-run. Islamic finance, characterized by equity-based principles, facilitates financial access for marginalized groups, while instruments of Islamic philanthropy such as zakat and sadaqah directly assist the disadvantaged, enabling pathways out of poverty. Findings – The findings underscore the potential of Islamic economics to foster equitable, inclusive, and sustainable growth, validating the need for policy support to harness its impact

Kontribusi Sektor Keuangan Syariah Terhadap Pertumbuhan Ekonomi di Indonesia

This paper aims to explain the relationship between the contribution of the financial sector which consists of the development of Islamic banks, the development of sukuk, the development of Islamic stocks, and the development of Islamic mutual funds to Indonesia's economic growth. This study uses quarterly time series data for the period between 2013Q1 – 2020Q4 and the analysis model used is the Vector Error Correlation Model (VECM) by carrying out unit root tests, cointegration tests, Granger causality tests, this study also uses the impulse Response Function, and Variance Decomposition. The results of this study indicate that the development of Islamic banking, the development of sukuk, the development of the Islamic stock market, and the development of Islamic mutual funds have a long-term influence on economic growth. while the development of the Islamic Banking and the development of the Islamic stock market have a short-term influence on economic growth. This research is expected to provide an overview of the condition of Islamic finance in Indonesia so that it can become a reference for relevant authorities in formulating or determining future policies for the development of Islamic finance.