THE EFFECTIVENESS OF ISLAMIC FINANCE INSTRUMENTS OF THE SHARIA BANK “X” JAWA TENGAH, INDONESIA

Riswan Riswan

Abstract


This study aims to evaluate the level ef effectiveness of the Islamic financial instruments at The Sharia Bank “X” Jawa Tengah, Indonesia in term of: firstly, fund utilizing management instruments of Islamic assets, secondly, the liquidity management instruments of Islamic liabilities, and thirdly, the Sharia governance framework. Implementing decriptive analysis through questionnaire distribution to the respondents with purposive sampling during OctoberNovember 2016 period, the findings show that fund utilizing management instruments of Islamic assets is moderately effective, the liquidity management instruments of Islamic liabilities is effective, and the Sharia governance framework is effective.
Keywords, Islamic assets, Islamic liabilities, Sharia governance framework

Full Text:

PDF

References


Abdullah, R. F., & Rahman, A. R. (2007). Factors Influencing Knowledge of ISlamic

Banking Services: The Case of Malaysian Managers. Review of Islamic Economics,

Vol. 11, No. 2, pp. 31-54.

Ahmad, A. (1997). Towards an Islamic Financial Market: A Study of Islamic Banking and

Finance in Malaysia. Research Paper No. 45, 35 - 40.

Ali, S.S (2013). State of Liquidity Management in Islamic Financial Institutions, Islamic

Economic Studies, Vol. 21, No. 1, pp. 63-98.

Al-Jarbi, M. A. (2004). Islamic Banking and Finance: Philosophical Underpinnings. In S. S.

Ali, & A. Ahmad, Islamic Banking and Finance: Fundamentals and Contemporary

Issues (pp. 13 - 24). Saudi Arabia: Islamic Research and Training Institute (IRTI).

Arif, M. & Safari, M. (2012). Valuation of Islamic debt instruments, the sukuk: lessons for

market development, Proceeding of the 23rd Global Finance Conference, De Paul

University, Chicago, USA.

Harun, T.W.R., Rashid, R.A., & Hamed, A.B. (2015). Factors Influencing Products’

Knowledge of Islamic Banking Employees. Journal of Islamic Studies and Culture,

Vol. 3, No. 1, pp. 23-33.

Jaouadi, M.S., Jazia, R.B., & Ziadi, A. (2014). Examining the Efficiency and the

Effectiveness of Islamic and Conventional Banking: Evidence from Indonesia.

International Journal of Academic Scientific Research. Vol. 2, No. 3, pp. 29-41.

Khan, H. N., & Asghar, N. (2012). Customer Awareness and Adoption of Islamic Banking

in Pakistan. Interdisciplinary Journal of Contemporary Research in Business, Vol. 12

No. 2, pp. 359-366.

Razak, A.D. & Karim, A.M.A. (2008) Development of Islamic Finance in Malaysia: A

Conceptual Paper. Proceeding of 8th Global Conference on Business & Economics.

Florence, Italy.

Run, E. C., & Lip, D. Y. (2008). Awareness, Understanding and Behaviour of Islamic

Banking: Results of a Special Study. Institute of Bankers Malaysia (IBBM).

Sole, J.A. & Jobst, A. (2012). Operative Principles of Islamic Derivatives - Towards a

Coherent Theory. IMF Working Paper, No. 12/63.




DOI: https://doi.org/10.31002/rak.v2i2.183

Refbacks

  • There are currently no refbacks.


 

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Jurnal RAK (Riset Akuntansi Keuangan)

P-ISSN: 2541-1209 E-ISSN: 2580-0213

published by : Accounting Department Faculty of Economics, Universitas Tidar