Araştırma Makalesi
BibTex RIS Kaynak Göster
Yıl 2017, Cilt: 4 Sayı: 3, 276 - 286, 30.09.2017
https://doi.org/10.17261/Pressacademia.2017.705

Öz

Kaynakça

  • Ahmad, A., 1993, Contemporary Practices of Islamic Financing Techniques. IRTI Research Paper No. 20. Jeddah: IRTI (Islamic Development Bank).
  • Ahmed, A., 2010, “Global Financial Crisis: An Islamic Finance Perspective”, International Journal of Islamic and Middle Eastern Finance and Management, vol.3, no. 4, pp. 306-332
  • Ahmed, H., 2014, “Islamic Banking and Shari’ah Compliance: A Product Development Perspective”, Journal of Islamic Finance, Vol. 3 No. 2, pp.15-29
  • Ali, M.A. and Hussain, T., 2016, “Equity Based Finance: A Product Development Perspective”, Journal of Global Business and Social Entrepreneurship, vol.1, no.1, pp. 119-127
  • Antonio, M.S., 2001, Bank Syariah : Dari Teori ke Praktik . Jakarta: Gema Insani Press.
  • Beck, T. et. al., 2012, “Islamic vs. Conventional Banking: Business Model, Efficiency and Stability.” Journal of Banking and Finance, vol.37, no. 2, pp. 433–47.
  • Cammack, M.E. and Feener, R.M., The Islamic Legal System In Indonesia. Retreived from http://digital.law.washington.edu Chapra, M.U., 1985. Towards a Just Monetary System, London: The Islamic Foundation.
  • Dewi G. and Wirdyaningsih, 2014, “The Importance Of The Codification Of Islamic Contract Law In Solving Banking And Financial Disputes In Indonesia”, International Journal of Business, Economics and Law, Vol. 5, no. 3, pp. 40-48.
  • Errico, L. and Farahbaksh, M., 1998. Islamic Banking: Issues in Prudential Regulations and Supervisions. IMF Working Paper NO. 30.
  • Financial Services Authority, Republic of Indonesia, 2015, Islamic Banking Statistics, Jakarta. Retreived from http://www.ojk.go.id/en/Documents/Pages/Islamic-Finance-OJK
  • Global Business Guide:2015. Retreived from http://www.gbgindonesia.com/ Hassan, H., 2016, “Islamic Finance Litigation: Problems within the Malaysian Civil Courts Structure”, 20 Jurnal Undang-Undang dan Masyarakat(JUUM), pp.34-42
  • Hassan, R., 2006, “Championing the Development of Islamic Banking Law in Malaysia: Legal issues and Remedy”, Shariah Law Report, vol. 4, pp.1-16.
  • Hasan, Z., 2008, The Effectiveness Of The Legal Framework Of The Islamic Banking System In Malaysia. Retreived from https://zulkiflihasan.files.wordpress.com
  • Hassan,Z., 2014. The State of Islamic Finance in Malaysia and Indonesi, Islamic Finance Review(ISFIRE). Retreived from http://isfire.net/thestate-of-islamic-finance-in-malaysia-and-indonesia/
  • Hosen, M.N. and Nahrawi, A. A., 2012, “Comparative analysis of Islamic banking products between Malaysia and Indonesia”, International Journal of Academic Research in Economics and Management Sciences, Vol. 1, No. 2, pp.120-143
  • Jakarta Post, 2016, July15. Retreived from http://www.thejakartapost.com
  • Lawrence, J., 2014, Islamic Finance in Indonesia: Past, Present and Future. Retreived from http://www.klgates.com
  • Lindsey T. 2012., “Between Piety and Prudence: State Syariah and the Regulation of Islamic Banking in Indonesia”, Sydney Law Review, vol. 34, no. 107, pp. 107–127.
  • Md Nor, M.Z. et.al., 2016, “The development of Islamic finance in Malaysia: in Trakic, A. and Tajuddin, H.H.A. (Ed.) Islamic Banking & Finance Principles, Instruments & Operations.2nd ed., Kuala Lumpur: CLJ Publication, pp. 601-617.
  • Melayu, H.A., 2012, “The Religious Court in Indonesia: A Preliminary Overview of Mahkamah Syar’iyah Aceh”, Journal of Islamic Civilization in South East Asia (JICSA), vol.1, no.1, pp.55-77.
  • New Horizon, 2012, Retreived from http://www.islamic-banking.com/resources/7/NewHorizon
  • News Straits Times, 2016, May 9. Retreived from https://www.nst.com.my/ Obaidullah, M., 2005. Islamic Financial Services, Jeddah: Scientific Publishing Centre, King Abdulaziz University.
  • Rasyid, A., 2001, Legal Reform On The Dispute Resolution Mechanism In Islamic Banking And Finance In Indonesia: Issues And Challenges. Malaysia: International Islamic University.
  • Rosly, S.A. and Bakar, M.A., 2003,“Performance of Islamic and Mainstream Banks in Malaysia”, International Journal of Social Economics, vol. 30, no. 2, pp. 1249-1265.
  • Sari, M.D., et.al., 2016, “History of Islamic Bank in Indonesia: Issues Behind Its Establishment”, International Journal of Finance and Banking Research, vol.2, no.5, pp.178-184
  • Serigar, M.E. and Ilyas N., 2011, “Recent Developments in Islamic Banking in Indonesia”, Proceedings of the Fifth Harvard University Forum on Islamic Finance. Islamic Finance: Dynamics and Development. Cambridge, Massachusetts. Center for Middle Eastern Studies, pp. 189- 196
  • Shaffer, S., 1993, “Bank Cempetition in Concentrated Markets”, Federal Reserve Bank of Philadelphia Business Review, pp.3-16
  • Sholikhah, Z. et al., 2017. “Determinant of the Equity Based Financing Volume: A Case of Islamic Banks in Indonesia”, Research Journal of Finance and Accounting, Vol.8, No.1, pp.30-39
  • Siddiqi, M. N., 1985. Partnership and Profit-Sharing in Islamic Law. Leicester: The Islamic Foundation,
  • Siddiqui, S. H., 2002, “Islamic Banking: True Modes of Financing”, Journal of Islamic Banking & Finance, vol. 19, no. 1, pp. 11- 24
  • Sobol, I., 2016, “Development Of Islamic Banking In Indonesia”. Research Papers Of Wrocław University Of Economics. Asian Economies in the Context of Globalization, Wroclaw: Publishing House of Wrocław University of Economics.
  • Subky, K.H.M. et. al., 2017. “The Implication of Musharakah Mutanaqisah in Malaysian Islamic Banking Arena: A Perspective on Legal Documentation”, International Journal of Management and Applied Research, Vol. 4, No. 1, pp. 17-30.
  • Sula, M.S., 2011, Perkembangan Perbankan Syari’ah Harus Diikuti Peningkatan Pasar. Retreived from http://www.republika.co.id/berita/ syariah/
  • The Star Online, 2013, 6 February
  • Usmani, M. T., 2002. Islamic Finance. Karachi: Maktaba Maʿariful Qur’an.
  • Yasin, N.M., 2007. Legal Aspects of Islamic Banking: Malaysian Experience in Salman Syed Ali & Ausaf Ahmad(ed.), Islamic Banking and Finance: Fundamentals and Contemporary Issues. Jeddah: IR
  • Yussof, S.A., 2013, “The Islamic Financial Services Act, 2013: Malaysia’s Model Framework for Shariah-compliance and Stability”, Islam and Civilisational Renewal, vol.4, no.3, pp.391-406.

A COMPARISON BETWEEN MALAYSIA AND INDONESIA IN ISLAMIC BANKING INDUSTRY

Yıl 2017, Cilt: 4 Sayı: 3, 276 - 286, 30.09.2017
https://doi.org/10.17261/Pressacademia.2017.705

Öz

Purpose-  This paper aims to compare Malaysia and
Indonesia in terms of current circumstances in the Islamic banking industry.
This is very interesting because of several factors. Firstly these two
countries are neighbors. Secondly, both countries have expressed their
aspiration to be the center for the Islamic banking industry not only in the
region but also in the world. Thirdly, both countries have significant differences
in demographics and economic conditions. It is therefore very interesting to
see which country is in a better position than other in the Islamic banking
industry at present. This will help researchers to predict which country will
achieve the target first if it occurs. Methodology-
The comparison will focus on five selected items in Islamic banking
institutions ie legal framework, court jurisdiction, capital growth, products
offered and shariah governance. For legal frameworks, court jurisdiction and
shariah governance analysis will be made on the basis of provisions in
legislations and statutes in both countries. Comparison of the products offered
will be analyzed based on the list of products and the amount involved.
However, since profit sharing activities are regarded as a key feature of an
Islamic banking system as argued by many authoritative scholars in this area,
the involvement of Islamic banking institutions in profit sharing based
products in both countries will be the main focus in the analysis. Capital
growth is chosen because according to Sula
(2011) the development of a bank, should be seen from the market share because
the market share reflects the portion from the sale of industrial goods or
services carried out by an industry. Prior to that, Shaffer (1993) reported
that market share is important, because it reflects the performance associated
with bank's competitive position in the banking industry.
 

Findings- The study
shows that although both countries are making good progress in the Islamic
banking industry, no country is far ahead of another. While Malaysia is ahead
of Indonesia in some items, Indonesia is ahead of Malaysia in some other items.





 Conclusion- This paper concludes that
both countries have advantages and disadvantages of others in the Islamic
banking industry. Hence both should overcome their weaknesses and continue to
build from their strengths to make their aspirations a hub in the Islamic banking
industry as a reality  

Kaynakça

  • Ahmad, A., 1993, Contemporary Practices of Islamic Financing Techniques. IRTI Research Paper No. 20. Jeddah: IRTI (Islamic Development Bank).
  • Ahmed, A., 2010, “Global Financial Crisis: An Islamic Finance Perspective”, International Journal of Islamic and Middle Eastern Finance and Management, vol.3, no. 4, pp. 306-332
  • Ahmed, H., 2014, “Islamic Banking and Shari’ah Compliance: A Product Development Perspective”, Journal of Islamic Finance, Vol. 3 No. 2, pp.15-29
  • Ali, M.A. and Hussain, T., 2016, “Equity Based Finance: A Product Development Perspective”, Journal of Global Business and Social Entrepreneurship, vol.1, no.1, pp. 119-127
  • Antonio, M.S., 2001, Bank Syariah : Dari Teori ke Praktik . Jakarta: Gema Insani Press.
  • Beck, T. et. al., 2012, “Islamic vs. Conventional Banking: Business Model, Efficiency and Stability.” Journal of Banking and Finance, vol.37, no. 2, pp. 433–47.
  • Cammack, M.E. and Feener, R.M., The Islamic Legal System In Indonesia. Retreived from http://digital.law.washington.edu Chapra, M.U., 1985. Towards a Just Monetary System, London: The Islamic Foundation.
  • Dewi G. and Wirdyaningsih, 2014, “The Importance Of The Codification Of Islamic Contract Law In Solving Banking And Financial Disputes In Indonesia”, International Journal of Business, Economics and Law, Vol. 5, no. 3, pp. 40-48.
  • Errico, L. and Farahbaksh, M., 1998. Islamic Banking: Issues in Prudential Regulations and Supervisions. IMF Working Paper NO. 30.
  • Financial Services Authority, Republic of Indonesia, 2015, Islamic Banking Statistics, Jakarta. Retreived from http://www.ojk.go.id/en/Documents/Pages/Islamic-Finance-OJK
  • Global Business Guide:2015. Retreived from http://www.gbgindonesia.com/ Hassan, H., 2016, “Islamic Finance Litigation: Problems within the Malaysian Civil Courts Structure”, 20 Jurnal Undang-Undang dan Masyarakat(JUUM), pp.34-42
  • Hassan, R., 2006, “Championing the Development of Islamic Banking Law in Malaysia: Legal issues and Remedy”, Shariah Law Report, vol. 4, pp.1-16.
  • Hasan, Z., 2008, The Effectiveness Of The Legal Framework Of The Islamic Banking System In Malaysia. Retreived from https://zulkiflihasan.files.wordpress.com
  • Hassan,Z., 2014. The State of Islamic Finance in Malaysia and Indonesi, Islamic Finance Review(ISFIRE). Retreived from http://isfire.net/thestate-of-islamic-finance-in-malaysia-and-indonesia/
  • Hosen, M.N. and Nahrawi, A. A., 2012, “Comparative analysis of Islamic banking products between Malaysia and Indonesia”, International Journal of Academic Research in Economics and Management Sciences, Vol. 1, No. 2, pp.120-143
  • Jakarta Post, 2016, July15. Retreived from http://www.thejakartapost.com
  • Lawrence, J., 2014, Islamic Finance in Indonesia: Past, Present and Future. Retreived from http://www.klgates.com
  • Lindsey T. 2012., “Between Piety and Prudence: State Syariah and the Regulation of Islamic Banking in Indonesia”, Sydney Law Review, vol. 34, no. 107, pp. 107–127.
  • Md Nor, M.Z. et.al., 2016, “The development of Islamic finance in Malaysia: in Trakic, A. and Tajuddin, H.H.A. (Ed.) Islamic Banking & Finance Principles, Instruments & Operations.2nd ed., Kuala Lumpur: CLJ Publication, pp. 601-617.
  • Melayu, H.A., 2012, “The Religious Court in Indonesia: A Preliminary Overview of Mahkamah Syar’iyah Aceh”, Journal of Islamic Civilization in South East Asia (JICSA), vol.1, no.1, pp.55-77.
  • New Horizon, 2012, Retreived from http://www.islamic-banking.com/resources/7/NewHorizon
  • News Straits Times, 2016, May 9. Retreived from https://www.nst.com.my/ Obaidullah, M., 2005. Islamic Financial Services, Jeddah: Scientific Publishing Centre, King Abdulaziz University.
  • Rasyid, A., 2001, Legal Reform On The Dispute Resolution Mechanism In Islamic Banking And Finance In Indonesia: Issues And Challenges. Malaysia: International Islamic University.
  • Rosly, S.A. and Bakar, M.A., 2003,“Performance of Islamic and Mainstream Banks in Malaysia”, International Journal of Social Economics, vol. 30, no. 2, pp. 1249-1265.
  • Sari, M.D., et.al., 2016, “History of Islamic Bank in Indonesia: Issues Behind Its Establishment”, International Journal of Finance and Banking Research, vol.2, no.5, pp.178-184
  • Serigar, M.E. and Ilyas N., 2011, “Recent Developments in Islamic Banking in Indonesia”, Proceedings of the Fifth Harvard University Forum on Islamic Finance. Islamic Finance: Dynamics and Development. Cambridge, Massachusetts. Center for Middle Eastern Studies, pp. 189- 196
  • Shaffer, S., 1993, “Bank Cempetition in Concentrated Markets”, Federal Reserve Bank of Philadelphia Business Review, pp.3-16
  • Sholikhah, Z. et al., 2017. “Determinant of the Equity Based Financing Volume: A Case of Islamic Banks in Indonesia”, Research Journal of Finance and Accounting, Vol.8, No.1, pp.30-39
  • Siddiqi, M. N., 1985. Partnership and Profit-Sharing in Islamic Law. Leicester: The Islamic Foundation,
  • Siddiqui, S. H., 2002, “Islamic Banking: True Modes of Financing”, Journal of Islamic Banking & Finance, vol. 19, no. 1, pp. 11- 24
  • Sobol, I., 2016, “Development Of Islamic Banking In Indonesia”. Research Papers Of Wrocław University Of Economics. Asian Economies in the Context of Globalization, Wroclaw: Publishing House of Wrocław University of Economics.
  • Subky, K.H.M. et. al., 2017. “The Implication of Musharakah Mutanaqisah in Malaysian Islamic Banking Arena: A Perspective on Legal Documentation”, International Journal of Management and Applied Research, Vol. 4, No. 1, pp. 17-30.
  • Sula, M.S., 2011, Perkembangan Perbankan Syari’ah Harus Diikuti Peningkatan Pasar. Retreived from http://www.republika.co.id/berita/ syariah/
  • The Star Online, 2013, 6 February
  • Usmani, M. T., 2002. Islamic Finance. Karachi: Maktaba Maʿariful Qur’an.
  • Yasin, N.M., 2007. Legal Aspects of Islamic Banking: Malaysian Experience in Salman Syed Ali & Ausaf Ahmad(ed.), Islamic Banking and Finance: Fundamentals and Contemporary Issues. Jeddah: IR
  • Yussof, S.A., 2013, “The Islamic Financial Services Act, 2013: Malaysia’s Model Framework for Shariah-compliance and Stability”, Islam and Civilisational Renewal, vol.4, no.3, pp.391-406.
Toplam 37 adet kaynakça vardır.

Ayrıntılar

Bölüm Articles
Yazarlar

Atikullah Abdullah Bu kişi benim

Yayımlanma Tarihi 30 Eylül 2017
Yayımlandığı Sayı Yıl 2017 Cilt: 4 Sayı: 3

Kaynak Göster

APA Abdullah, A. (2017). A COMPARISON BETWEEN MALAYSIA AND INDONESIA IN ISLAMIC BANKING INDUSTRY. Research Journal of Business and Management, 4(3), 276-286. https://doi.org/10.17261/Pressacademia.2017.705
AMA Abdullah A. A COMPARISON BETWEEN MALAYSIA AND INDONESIA IN ISLAMIC BANKING INDUSTRY. RJBM. Eylül 2017;4(3):276-286. doi:10.17261/Pressacademia.2017.705
Chicago Abdullah, Atikullah. “A COMPARISON BETWEEN MALAYSIA AND INDONESIA IN ISLAMIC BANKING INDUSTRY”. Research Journal of Business and Management 4, sy. 3 (Eylül 2017): 276-86. https://doi.org/10.17261/Pressacademia.2017.705.
EndNote Abdullah A (01 Eylül 2017) A COMPARISON BETWEEN MALAYSIA AND INDONESIA IN ISLAMIC BANKING INDUSTRY. Research Journal of Business and Management 4 3 276–286.
IEEE A. Abdullah, “A COMPARISON BETWEEN MALAYSIA AND INDONESIA IN ISLAMIC BANKING INDUSTRY”, RJBM, c. 4, sy. 3, ss. 276–286, 2017, doi: 10.17261/Pressacademia.2017.705.
ISNAD Abdullah, Atikullah. “A COMPARISON BETWEEN MALAYSIA AND INDONESIA IN ISLAMIC BANKING INDUSTRY”. Research Journal of Business and Management 4/3 (Eylül 2017), 276-286. https://doi.org/10.17261/Pressacademia.2017.705.
JAMA Abdullah A. A COMPARISON BETWEEN MALAYSIA AND INDONESIA IN ISLAMIC BANKING INDUSTRY. RJBM. 2017;4:276–286.
MLA Abdullah, Atikullah. “A COMPARISON BETWEEN MALAYSIA AND INDONESIA IN ISLAMIC BANKING INDUSTRY”. Research Journal of Business and Management, c. 4, sy. 3, 2017, ss. 276-8, doi:10.17261/Pressacademia.2017.705.
Vancouver Abdullah A. A COMPARISON BETWEEN MALAYSIA AND INDONESIA IN ISLAMIC BANKING INDUSTRY. RJBM. 2017;4(3):276-8.

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