Aug 22, 2012 | Publikasi
By Farouk Abdullah Alwyni There has been continued growth of the Islamic fi nance industry in Indonesia. In 2011, the asset growth of Islamic banking reached 49.2% to IDR145.47 billion (US$15.29 million) from IDR97.52 billion (US$10.25 million). Islamic finance gears...
Aug 8, 2012 | Publikasi
Islamic microfinance has gained momentum in Indonesia since 1997-98. It developed during the downfall of the new order government under the leadership of General Suharto. At that time, Indonesia was experiencing a severe financial crisis, causing massive depreciation...
Feb 22, 2012 | Publikasi
Islamic banking uses a number of Shariah compliant instruments to undertake its activities: such as Mudarabah, Musharakah, Murabahah, Istisnah, and Salam. Considering that Shariah compliance essentially is discouraging debt, unlike its conventional counterpart,...
Sep 7, 2011 | Publikasi
Islamic fi nance is now being steadily practiced in many parts of the world, including the Gulf region, Southeast Asia, Europe, and Australia. Many stand-alone Islamic fi nancial institutions, both banks and non-banks, have been set up; and along with this trend many...
Jun 1, 2011 | Publikasi
Paradigm means worldview, or the way people view the world and things surrounding it. An Islamic paradigm will be based on the primary sources of Islam’s belief system, which is the Quran and hadith (sayings of Prophet Muhammad). In the last two decades, the...
