HOUSE ENDORSES ISLAMIC BANK LAW

Aditya Suharmoko , The Jakarta Post , Jakarta Wed, 06/18/2008 10:44 AM HeadlinesThe House of Representatives on Tuesday passed the Islamic banking law aimed at accelerating growth in the industry, while failing to address the issue of double-taxation.Nine of the 10 factions at the House agreed to pass the law, aiming to provide certainty for investors in an industry that has grown rapidly in the past two years.Sharia bank lending increased by 30 percent in 2007, higher than the 25.5 percent lending growth of conventional banks.Melchias Markus Mekeng, a member of the House's Commission XI overseeing financial affairs, said after the session that the commission would try to address double taxation in later discussions with the director...

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DEFINITION

IjaraIjara is a form of leasing. It involves a contract where the bank buys and then leases an item – perhaps a consumer durable, for example – to a customer for a specified rental over a specific period. The duration of the lease, as well as the basis for rental, are set and agreed in advance. Islamic Bank of Britain retains ownership of the item throughout the arrangement and takes back the item at the end. Ijara-wa-iktanaIjara-wa-iktana is similar to Ijara, except that included in the contract is a promise from the customer to buy the equipment at the end of the lease period, at a pre-agreed price. Rentals paid during the period of the lease constitute part of the purchase price. Often, as a result, the final sale will be for a token sum.Ijara...

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Islamic Financial Institution is Not Ready with Net Income Profit Sharing Concept

Senin, 17 November 2008Jakarta, 17/11. Islamic financial institutions (IFI's) in Indonesia are not ready with the concept of net profit sharing ratio of their shariah products based on the profit sharing principle. At the moment, the profit sharing ratio of IFI's in Indonesia is still using the concept of revenue sharing, or gross profit income, as explained by Hanawijaya, the Director of Bank Syariah Mandiri, at the luncheon of Annual meeting of the Nantional Shariah Board, last Saturday, November 15, at Taman Impian Jaya Ancol Jakarta.The National Shariah Board has been recommended that IFI's should apply the net income profit sharing instead of the gross profit.In respond to the National Shariah Board recommendation, Hana said that if...

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BRI Syariah to become full-fledged Islamic Bank

Kamis, 21 Agustus 2008Jakarta (21/8). Islamic Bank will develop and growth in this country, apparently the Islamic commercial unit of BRI will become a full-fledged Islamic Bank, this year. There will a transformation of the 3 main Pillars which will be the leading edge for the BRI Syariah spin off.Eko BambangThe above statement came from Division Head of BRI Syariah, Eko Bambang Suharno. The three main pillars are: Information and Technology, company’s Policy and Human Capital. The Information and Technology enhancement will stress on the on-line networking system in all branches, including the Islamic windows, which BRI Syariah customers could use BRI conventional system of ATM. "When the spin of process is done, BRI Syariah will work on...

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USD 196 million agreement between IDB and the Tunisian Company for Electricity and Gas.

IDB - News - 18 Nov 2008The Islamic Development Bank Group will sign a USD 196 million (123 million Euro) agreement on Friday, 14 November 2008 with the Tunisian Company for Electricity and Gas (acting on behalf of the government of Tunisia). The project financing is described as the largest financial contribution made by the IDB Group to Tunisia to date, further confirming the remarks made by IDB President Dr. Ahmad Mohamed Ali that in the midst of the current international financial crisis, IDB Group remains unaffected by the crisis and is “financially strong and despite the current market conditions, it will be able to meet its commitment to member countries and conduct its normal operations.”The agreement will deal with the extension of...

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BCA definitely will establish full-fledged Islamic Bank

Kamis, 30 Oktober 2008Jakarta (30/10) Bank Central Asia (BCA) will certainly establish a full-fledged of Islamic bank by the acquisition of 100% ownership of PT Utama Internasional Bank (UIB).The President Director of UIB D.E Sutijoso, has confirmed such acquisition will take placed on his press release in Jakarta yesterday, in 2009, the ownership of PT UIB will be officially transferred to BCA."Both parties has been signed an agreement under sale contracts on October 24 2008" said the President Director of P T UIB.The business opportunity of UIB for BCA is quite promising since the UIB asset...

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BRI SYariah to Become Full-Fledged Islamic Bank

Kamis, 21 Agustus 2008Jakarta (21/8). Islamic Bank will develop and growth in this country, apparently the Islamic commercial unit of BRI will become a full-fledged Islamic Bank, this year. There will a transformation of the 3 main Pillars which will be the leading edge for the BRI Syariah spin off.Eko BambangThe above statement came from Division Head of BRI Syariah, Eko Bambang Suharno. The three main pillars are: Information and Technology, company’s Policy and Human Capital.The Information and Technology enhancement will stress on the on-line networking system in all branches, including the...

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Opening Remarks of IsDB President During a Press Conference in Washington

Despite the financial crisis engulfing the marketsand the current market conditions, I am pleased to inform you that the Islamic Development Bank (IsDB) Group is financially strong and will be able to meet its commitment to member countries and conduct normal operations. This result is an outcome of certain factors: IsDB’s investment operations are conducted according to Islamic sharia, and hence, it is not exposed to products linked to any sub-prime mortgages. Moreover, IsDB enjoys strong financial position given its large capital base of 15 billion Islamic dinars (US$23 billion). Yet as an international...

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WORLD’S BEST ISLAMIC FINANCIAL INSTITUTIONS 2008

Global Finance magazine has announced its first annual awards for the World’s Best Islamic Financial Institutions. A full report on the selections will appear in the June issue of Global Finance. The winners of this year’s awards are those banks that contributed to the growth of Islamic financing and successfully met their customers’ needs for Shariah-compliant products, while creating the foundation for continued fast growth in the future.All selections were made by the editors of Global Finance, after extensive consultations with bankers, corporate finance executives and analysts throughout...

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Musharaka

The literal meaning of the word Musharaka is sharing. Under Islamic law, Musharaka refers to a joint partnership where two or more persons combine either their capital or labor, forming a business in which all partners share the profit according to a specific ratio, while the loss is shared according to the ratio of the contribution. It is based on a mutual contract, and, therefore, it needs to have the following features to enable it to be valid:Parties should be capable of entering into a contract (that is, they should be of legal age).The contract must take place with the free consent of the parties (without any duress).In Musharaka, every partner has a right to take part in the management, and to work for it.However, the partners may agree...

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MURABAHA

1. Murabaha: (Cost-Plus Financing) Sale on profit. Technically a contract of sale in which the seller declares his cost and profit. This has been adopted as a mode of financing by a number of Islamic banks. As a financing technique, it involves a request by the client to the bank to purchase a certain item for him. The bank does that for a definite profit over the cost which is settled in advance. Some people have questioned the legality of this financing technique because of its similarity to riba or interest. 2. Murabaha:A contract of sale between the bank and its client for the sale of goods at a price plus an agreed profit margin for the bank. The contract involves the purchase of goods by the bank which then sells them to the client...

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SWEDEN: ISLAMIC BANK CONSIDERS OPENING BRANCH

The first Islamic bank in Sweden may soon be opening its doors.Talking to Swedish Radio news a spokesman for the Islamic Bank of Britain, Shaher Abbas, admitted contact had been made between the bank and the Swedish authorities.Abbas would not speculate when the bank would open in this country but the plan is to capture the European market with offices in Germany and Sweden.The bank was the first Islamic bank to open in Europe four years ago and now there are eight branches in the UK.Since the banks follow Sharia law, they do not pay or collect interest. Abbas says that this puts them in a good position during the current credit cris...

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Banking On Faith

By HELENA BACHMANNOn the ninth floor of the Seef Tower in Manama, the small, opulent capital of Bahrain, the Noriba Bank offers its well-heeled clientele a wide range of financial services, from portfolio management to leasing. From its offices you can see the city's famous Al Fateh mosque. The proximity is significant, because even though Noriba, which opened in September, is wholly owned by Switzerland's largest bank, UBS Group, it is the only Western bank in the Gulf that insists that all of its services adhere to the strict letter of Islamic law, known as Shari'a.Compliance is neither easy nor cheap. The law, which derives from the Koran, covers all areas of Islamic life, including management of financial affairs. Pious Muslims are not...

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Islamic Banking in Britain

An article by Helena ChristofiLondon is the leading Islamic banking center in the West. Islamist clerics with terrorist connections and a mission to Islamize Europe are infiltrating the United Kingdom through its banking system, and British officials are encouraging them. HSBC, Lloyds TSB, and Citigroup have opened Islamic banking units and branches throughout England. In 2005 the first stand-alone British Islamic bank, Islamic Bank of Britain, opened its doors. Middle Eastern Islamic banks have also set up shop in the UK.Islamic banks are managed according to shari’a law, the defining principle being the prohibition of interest in all monetary transactions as commanded in the Qur’an. The other defining feature of Islamic banks is their operation...

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New Islamic Bank (Syariah Bank) in Indonesia

There are several new Islamic Bank (Islamic Banking Unit) in Indonesia:1. BPD Jawa Timur Syariah2. PT Bank Ekspor Indonesia Syariah3. Bank Lippo Syariah4. Bank Tabungan Pensiunan Nasional Syariah5. BPD Jawa Tengah SyariahOther Islamic Banking Unit:1. Bank IFI Syariah2. Bank Negara Indonesia Syariah3. BPD Jabar Syariah4. Bank Rakyat Indonesia Syariah5. Bank Danamon Syariah6. Bank Bukopin Syariah7. Bank Internasional Indonesia Syariah8. Hongkong and Shanghai Banking Corporation Amanah9. BPD DKI Syariah10. BPD Riau Syariah11. BPD Kalimantan Selatan Syariah12. Bank Niaga Syariah13. BPD Sumatera Utara Syariah14. BPD Aceh Syariah15. Bank Permata Syariah16. Bank Tabungan Negara Syariah17. BPD Nusa Tenggara Syariah18. BPD Kalimantan Barat Syariah19....

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JARINGAN KANTOR BANK SYARIAH DI INDONESIA - INDONESIA SHARIAH BANK NETWORK

Sudah tahu jumlah kantor bank syariah saat ini?Do you know shariah bank netwrok in Indonesia?Per Maret 2008 sudah terdapat (Per March 2008, there are) :1- 3 Bank Umum Syariah (Islamic Commercial Banks)2- 23 Unit Usaha Syariah (Islamic Banking Unit)3- 107 Bank Perkreditan Rakyat Syariah (Islamic Rural Banks)Jumlah jaringan bank saat ini (Total network) :148 Kantor Pusat (Head Office)230 Kantor Cabang (Branch Office)120 Kantor Cabang Pembantu (Sub Branch Unit)25 Unit Pelayanan Syariah (Syariah Service Unit)203 Kantor Kas, tidak termasuk Gera (Cash Office, not include Office Channelin...

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Investasi Terikat - Mudharabah Muqayyadah

Investasi Terikat atau Mudharabah Muqayyadah adalah suatu produk dengan karakteristik sebagai berikut:a. Investor (shahibul maal) menginvestasikan dananya kepada Bank disertai dengan pernyataan bahwa investasi tersebut dijaminkan kepada Bank atas pembiayaan yang diberikan oleh Bank kepada Pelaksana Usaha tertentu.b. Atas investasi tersebut, Investor memperoleh return dari pembiayaan yang diberikan oleh Bank kepada Pelaksana Usaha tertentu tersebut.c. Investasi Terikat bisa dibukukan secara on balance sheet atau off balance she...

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Persiapan investasi ramadhan

Gak terasa, ramadhan sebentar lagi tiba...Sudah siap fisik? ruhani? investasi?Lho.. kenapa harus mempersiapkan investasi?Gini..., kita sudah capek-capek puasa, menahan diri...dari makanan haram dan yang halal (pada siang hari)dari pandangan yang haram...dari ucapan yang tidak baik...dari perilaku yang tidak baik...Tapi sudahkah kita menahan diri dari menerima hasil investasi yang tidak halal atau tidak jelas?Saya menyarankan agar kita bisa memasuki Ramadhan kali ini dengan bersih baik, fisik, ruh dan juga harta. Segera pindahkan investasi anda ke sektor yang sudah jelas halal seperti bank syariah, saham syariah, reksa dana syariah, dan lain-lain.Ada seorang ustad yang bilang begini: "Setiap bulan Ramadhan orang berlomba meraih pahala, tapi...

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LULUS....!!!

alhamdulillaah... akhirnya lulus juga...

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Besok Sidang

Alhamdulillaah...akhirnya sidang tesis juga...Mohon doa... besok jam 9.30 WIB.Btw, betenya... baru dikabari hari ini...Tapi, saya sudah siaaap...

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Perbankan Syariah

Sumber; WikipediaPerbankan syariah atau Perbankan Islam adalah suatu sistem perbankan yang dikembangkan berdasarkan syariah (hukum) islam. Usaha pembentukan sistem ini didasari oleh larangan dalam agama islam untuk memungut maupun meminjam dengan bunga atau yang disebut dengan riba serta larangan investasi untuk usaha-usaha yang dikategorikan haram (misal: usaha yang berkaitan dengan produksi makanan/minuman haram, usaha media yang tidak islami dll), dimana hal ini tidak dapat dijamin oleh sistem perbankan konvensional.SejarahDuniaPerbankan syariah pertama kali muncul di Mesir tanpa menggunakan embel-embel islam, karena adanya kekhawatiran rezim yang berkuasa saat itu akan melihatnya sebagai gerakan fundamentalis.[1] Pemimpin perintis usaha...

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Selamat Datang UU Perbankan Syariah

Rabu, 18/06/2008 10:54:58 1.587 hit Rama PratamaPenantian panjang itu berakhir sudah. Setelah enam tahun, DPR bersama pemerintah akhirnya sepakat mengesahkan RUU Perbankan Syariah menjadi Undang-Undang Perbankan Syariah. Payung hukum ini diharapkan makin menguatkan eksistensi perbankan syariah di Indonesia. Panjangnya penantian ini, membuat kalangan praktisi perbankan syariah sempat tidak terlalu memikirkan Undang-Undang itu. Memang, tanpa undang-undang pun, selama ini, perbankan syariah tetap eksis.Penantian panjang itu berakhir sudah. Setelah enam tahun, DPR bersama pemerintah akhirnya sepakat mengesahkan RUU Perbankan Syariah menjadi Undang-Undang Perbankan Syariah. Ini berarti, kini perbankan syariah memiliki payung hukum yang selama...

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UU Bank Syariah Disahkan

Selasa, 17 Juni 2008 17:22 WIBPenulis : Asep Toha (Media Indonesia)Pemerintah dan DPR RI mengesahkan Undang Undang Perbankan Syariah. Dengan terbitnya UU ini akan menggenjot pengembangan bank syariah dengan pertumbuhan sebesar 5% tahun ini. Hal ini diutarakan pengamat perbankan syariah Adiwarman Karim saat dihubungi Media Indonesia, Selasa (17/6). Dia menyambut positif terbitnya UU tersebut. Pasalnya, dengan UU ini pelaku usaha dan pengguna jasa perbankan berbasis syariah akan memperoleh kepastian hukum. Hal ini akan menggenjot pertumbuhan bank syariah dari segi aset. Tahun ini, target perkembangan syariah ialah sebesar 5% yakni Rp90 triliun. "Dengan UU ini pelaku dan investor akan semakin merasa aman," katanya. Dengan semakin jelasnya peraturan...

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10 Credos (terakhir/end)

PRINSIP # 10GATHER RELEVANT INFORMATION, BUT USE WISDOM IN FINAL DECISIONPrinsip ini mengingkatkan kita untuk terus menerus belajar, belajar, dan belajar. Karena dunia ini berubah terus, Anda tidak bisa menjadi businessman, atau seorang marketer yang hanya menggunakan pendekatan-pendekatan lama, walaupun pendekatan itu dulunya bagus. Tapi sekarang, pendekatan-pendekatan itu harus terus-menerus diubah atau diperbaharui.Tim saya menemukan bahwa: "Allah akan meninggikan orang-orang yang beriman di antaramu dan orang-orang yang diberi ilmu pengetahuan beberapa derajat," Al Qur'an surat Al Mujadalah : 11.Menurut tim saya, dalam hadist juga disebutkan bahwa," Menuntut ilmu hukumnya wajib bagi muslim", Hadist riwayat Ibnu Majjah dan Baihaqi.Bahkan...

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10 Credos (sambungan)

PRINSIP # 7GET YOUR CUSTOMER, KEEP, AND GROW THEMSekali Anda mendapatkan pelanggan, peliharalah hubungan yang baik dengan mereka. Anda harus memastikan bahwa mereka selalu puas dengan layanan yang Anda berikan, sehingga mereka menjadi loyal kepada Anda. Ini yang namanya keep the customer. Keep the customer saja tidak cukup, seterusnya Anda juga harus grow the customer. Artinya, Anda harus meningkatkan value yang Anda tawarkan sehingga pelanggan berkembang, maka otomatis value yang Anda terima dari mereka juga akan berkembang.Tim saya menemukan kata - kata yang juga sering dikutip oleh Aa Gym : "Barang siapa ingin dimudahkan rezekinya dan dipanjangkan umurnya, maka hendaklah dia bersilahturahmi," Hadist riwayat Muttafaqun Alaih.Itu yang dinamakan...

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10 Credos (sambungan)

PRINSIP # 4CUSTOMER ARE DIFFERS, GO FIRST TO WHOM REALLY NEED YOUSebetulnya ini adalah prinsip segmentation. Anda tidak perlu pergi ke semua orang yang businessman, tetapi pergilah ke orang yang betul-betul membutuhkan Anda. Tim saya menemukan ayat : "Hai manusia sesungguhnya Kami menciptakan kamu dari seorang laki-laki dan perempuan, dan menjadikan kamu berbangsa-bangsa dan bersuku-suku, supaya saling kenal mengenal," Al-Qur'an Surat Al Hujuraat : 13Jadi kita berbisnis harus menetukan siapa target pasar kita. Be honest kalau Anda tidak bisa melayani suatu segmen karena Anda tidak mampu, jangan masuk ke situ. Layanilah orang-orang yang betul-betul menjadi priority target market Anda.PRINSIP # 5ALWAYS OFFER GOOD PACKAGE AT A FAIR PRICEDalam...

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10 CREDOS (sambungan...)

PRINSIP # 1LOVE YOUR CUSTOMER, RESPECT YOUR COMPETITORCintailah pelanggan Anda, dan hormatlah pada competitor Anda. Tim saya menemukan ada disuatu hadist: "Allah tidak akan berbelas kasih pada seseorang bila ia tidak mengasihi sesamanya," Hadist riwayat Bukhari, dan Thabrani.Dan tim saya juga menemukan suatu quotation, "Dan janganlah sekali-sekali kebencianmu terhadap kamu untuk berlaku tidak adil," Al Qur'an surat Al Maidah : 8.Aa Gym sudah jelas mengatakan, mengapa harus takut bersaing? Bersaing itu bagus. Kalau tidak ada lawannya kita selalu menjadi juara, tapi apa artinya juara? Bagi orang marketing kita harus melihat hal-hal sebagai berikut :Pertama, competitor akan memperbesar pasar, sebab tanpa competitor industri tidak akan berkembang....

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10 Credos Of Spiritual Marketing

THE 10 CREDOS OF COMPASSIONATE MARKETINGoleh Hermawan Kartajaya"Can You Practice What You Preach, And Would You Turn The Other Cheek?" - Where Is The Love, Black Eyed Peas - ***Saya merasa terhormat ketika diundang untuk berceramah bersama dengan KH Abdullah Gymnastiar. Bagi saya, Aa Gym adalah asset nasional. Dan kalau orang di seluruh dunia tahu, sebetulnya Aa Gym sudah merupakan asset dunia.Karena itu ketika saya mendapat undangan untuk mengisi ceramah bersama Aa Gym, saya langsung membentuk tim di MarkPlus&Co yang terdiri dari teman – teman Muslim. Saya minta mereka mempelajari buku - buku Aa Gym, berkonsultasi dengan pakar bisnis Islam, dan mempelajari kitab suci untuk memperkaya konsep yang sedang saya kembangkan.Inilah konsep...

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Bagaimana Bekerja di Bank Konvensional?

Saya adalah karyawan Bank Konvensional. Haramkah gaji saya ?Jawab:Sesuai penjelasan dari Dr. Yusuf Qardhawi didalam buku “Fatwa-Fatwa Kontemporer” yang sudah banyak beredar, berikut ini adalah langkah-langkah yang harus dilakukan :Pertama kali adalah perkuat keyakinan Bapak/Ibu bahwa bunga bank itu haram. Dengan demikian, karena penghasilan utama bank tempat Bapak/Ibu bekerja adalah dari pendapatan bunga, maka perkuat juga keyakinan bahwa gaji yang Bapak/Ibu terima selama ini “tidak bersih”.Langkah kedua adalah segera bertaubat dan mohon ampun kepada Allah. Perbanyak infak dan shadaqah.Jangan langsung memutuskan untuk keluar dari bank tersebut. Ingat, anak dan istri Bapak/Ibu perlu makan. Jalan keluarnya adalah segera lakukan usaha yang keras...

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Mencicil Secara Aman dengan Murabahah

Urusan cicil mencicil tampaknya sudah menjadi suatu kebudayaan baru di negeri ini. Lihat saja ‘demam’ kartu kredit dimana-mana seperti Citibank, Standard Chartered Bank, Bank BNI, Bank BII, dan lain-lain. Selain bank, lembaga keuangan non bank ternyata juga sudah mulai merambah kebudayaan baru ini seperti GE, Sumber Kredit, Columbia dan lain-lain. Gejala ini tampaknya bukan saja merupakan kebudayaan baru, tetapi juga sudah menjadi gaya hidup. Kenapa ? Bagaimana tidak, kalau saat ini orang bahkan berlomba-lomba memperoleh kartu kredit. Bahkan kartu kredit sudah menjadi kebanggaan tersendiri bagi pemiliknya. Pemilik kartu kredit seperti memiliki status sosial tersendiri yang jauh lebih tinggi ketimbang orang yang tidak memilikinya. Gaya hidup...

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