Analysis of Sukuk Research in Indonesia Bibliometric Approach (original) (raw)
Related papers
Twenty Years of Islamic Banking in Indonesia: A Biblioshiny Application
2021
This study aims to determine the development of Islamic banking research trends in Indonesia published by leading journals on the theme of Islamic economics and finance. The data analyzed consisted of 500 indexed research publications. The data is then processed and analyzed using the R Bibliometric application to find out the bibliometric map of the development of the role of Islamic banking. The results showed that the number of publications on the development of the role of Islamic banking research in Islamic economics and finance has increased significantly. Then, the most popular writer are Sukmana R, Ascarya, and Ismal R. Last but not least, the newest trend topics are about governance, sharia issue and social role of Islamic banks
Islamic Economic and Financial Practices in Indonesia: From Local to a Potential Global Framework
Share: Jurnal Ekonomi dan Keuangan Islam, 2023
This issue continues to showcase the distinctiveness of Islamic economic and financial practices in Indonesia and their potential relevance globally. It covers various aspects, including emerging trends in Islamic economics research, the significance of Islamic economics and finance in the modern economy, institutional performance, financial stability, waqf institutions, and the societal role of Islamic economics and finance. The selection process for the articles followed several rigorous steps. Upon receiving each submission, an initial check was conducted to assess its suitability with the journal's aim and scope. Subsequently, the manuscripts were sent to two appropriate reviewers for a double-blind peer review process. In some cases, manuscripts required multiple rounds of evaluation before final acceptance. The feedback provided by the reviewers played a crucial role in making the final decisions. Upon acceptance, the manuscripts proceeded to the editing stages, where they underwent meticulous proofreading and layout design. Throughout this stage, close and constant communication between our editors and the respective authors was maintained to ensure the clarity and coherence of the final articles. From the numerous submissions received, only 12 outstanding papers were selected for publication. Each of these articles offers valuable contributions to the field of Islamic economics and finance, and they have been carefully chosen for their originality, relevance, and potential impact on the scholarly community. We believe that these selected papers will enrich the understanding and discourse surrounding Islamic economics and finance, both in Indonesia and beyond.
Rethinking Islamic Economic and Finance Practices in Indonesia: Some Critical Reviews
2020
This research aims to analysis some issues related to the Islamic economic and financial practices in Indonesia. This research used a descriptive-qualitative approach with content analytical, library research and critical study method. This research found some critical points on Islamic economic and financial practices in Indonesia: (i) the Islamic banking in Indonesia showed inconsistencies and partial implementations; (ii) the Islamic economic practices were not too far from the surrounding financial sectors (iii) the Islamic financial practices in Indonesia mostly focused on the Islamic Commercial Finance (ICF) sector and less concerned on the Islamic Social Finance (ISF); (iv) Sharia financial institutions were more precisely than those called ”Bank Syariah” (v) the epistemological problems in the Islamic economic curriculum needed to be answered and resolved to avoid the contra-productive outputs from the fundamental purposes. It was necessary to conduct the re-orientation of S...
The Prospect of Sharia Banking in Indonesia (Opportunities, Challenges and Solutions)
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.
Journal of Management and Strategy
This paper aims to describe the condition of the financing portfolio in Islamic banking that is not following its characteristics, namely profit sharing; identify the cause and contribute to the solution of the problem. The dominance of murabahah financing is shown in proportion to the position on January 31, 2017, which reached 60% of total financing. The macro impact of the domination of murabahah transactions is that the monetary sector moves faster than the real sector which can ultimately lead to an economic crisis. Micro-impact, murabahah financing tends to encourage individual society to be consumptive because the purpose of this financing is more for consumptive matters, while profit-based financing will encourage individuals to be productive because profit-based financing is definitely intended to finance productive things. Broadly speaking, the problem needs to be addressed through two things. The first solution comes from the Government in the form of the availability of ...
The Legal Construction of Sharia Capital Market in Indonesia
Journal of Law, Policy and Globalization
Capital market is one of the characteristics of developed countries, but its activities in Indonesia experience ups and downs. The Islamization of financial institutions in Indonesia was responded by the country's capital market in 1997. Islamic capital market has developed following Islamic banking and Islamic insurance industry. The importance of asset management and liquidity management in these two industries raises the need for sharia-based funding sources and investment products, which encourages the development of sharia capital market activities. The beginning of sharia capital operations was the sale of Indosat shares using sharia system in 2012. Law number 8 of 1995 concerning capital market does not explain the dual system in the Indonesian capital market. The legal vacuum that regulates capital market activities has led to an MOU signed in 2003 between BAPEPAM and National Sharia Board-Indonesian Ulema Council (DSN-MUI), an institution established to provide solutions and fatwas on economic development and sharia financial institutions in Indonesia. This step is a good momentum for the development of the legal framework of the Indonesian capital market because several DSN-MUI fatwas have been absorbed into the financial services authority regulations issued by the OJK. This normative research uses a legal approach (statute approach). The researchers conclude that regulations regarding Islamic capital market since its operations in the Indonesian capital market have developed. But higher norms that govern Islamic capital market are needed so that the existence of the Islamic capital market in Indonesia can be maintained, and justice and legal certainty for Islamic capital market players can be achieved.
Shariah principles of Sukuk structure in Islamic capital market / Norlela Kamaluddin ... [et al.]
2015
Malaysia as the pioneer of Sukuk has captured the global Sukuk share market positively and has a successful track record in innovating and commercializing many shariah-compliant products. Nevertheless, the literatures on Sukuk are far than enough particularly its theoretical aspect. This paper explains the definition and importance of Sukuk and the comparison between Sukuk and bond. Furthermore, the shari'ah principles in structuring Sukuk, namely profit sharing principles of Mudarabah and Musharakah; sale based principles of Murabahah, Bay' Bithaman Ajil, Salam and Istisna' and hire purchase principle of Ijarah will be described. This paper indicates that a continuous innovative and creative Sukuk structures are needed in order to protect the sustainability of Islamic financial sources.
Islamic Finance and Indonesia's Economy: An Empirical Analysis
Jurnal Ekonomi & Keuangan Islam, 2022
Purpose-Islamic finance is becoming increasingly important both globally and in Indonesia. However, studies on the relationship between Islamic finance and Indonesia's economy are scant. Therefore, this study aims to analyse the short-term and long-term relationship between Islamic finance and Indonesia's economy. Methodology-We use monthly data for the period 2011-2020 which are estimated using the Vector Error Correction Model (VECM). The dependent variable is Indonesia's GDP, while the independent variables are macroeconomic variables (investment, trade openness and inflation), Islamic finance (Islamic banking, capital market and Sukuk) and a Covid-19 dummy variable. Findings-We found a one-way causal relationship between Islamic finance and Indonesia's GDP. In the short-term, sukuk has a significant effect on the GDP. While in the long-term, Islamic banks and Islamic mutual funds are found to significantly impact the GDP. These suggest a positive relationship between Islamic finance and Indonesia's GDP in both the short and long-term. Investment, inflation and the occurrence of the Covid-19 pandemic also have a significant impact on the GDP. Originality-Most studies linking Islamic finance and economic size only use Islamic banking to proxy Islamic finance. However, while Islamic banking institutions dominate the Islamic finance landscape, non-bank Islamic financial institutions such as capital market is increasingly important in many countries, including Indonesia. This study fills the gap by incorporating Islamic capital market variables to explain the relationship between Islamic finance and economic size in Indonesia Research limitations-Due to data limitation, we only use Islamic mutual funds and Sukuk to represent non-bank financial institutions, which as a sector includes various other sub-sectors. Practical implications-Policymakers, industry and academics could use the research findings to accelerate the development of Islamic finance in Indonesia and strengthen its role in supporting and aiding the recovery of the Indonesian economy.
PADJADJARAN Jurnal Ilmu Hukum (Journal of Law), 2021
In Indonesia, non-performing financing in Islamic banking has a significant impact on banking system, soundness level of bank, and national economy. Proper handling can minimize the risks so that Islamic banking can continue to develop. This study elaborated the urgency of handling problematic financing in Islamic banks in the development of the Indonesian Islamic economy. This study is a descriptive analytical study with a normative juridical approach. The data was analyzed juridically and qualitatively. Problematic financing in Islamic banks occurs due to internal and external factors. On the other hands, Islamic economy, including its handling methods, are guided by the Holy Quran and the hadiths of the Prophet Muhammad (Peace be Upon Him). The guidance are understood contextually. One of the ways is through restructuring. Handling problematic financing is a very important thing, not only in terms of the obligation to settle debts and receivables of a legal subject, but also clos...