The Quran prohibits interest and encourages trade and charity as alternates. This article seeks guidance from the verses of the Quran and develops a theoretical model of charity-based Islamic microfinance institutions (MFIs), which can be used as an alternative approach to reduce poverty. The article argues that charity-based Islamic MFIs will be financially and socially sustainable as these are to be based on the concepts of brotherhood, local philanthropy, and volunteer services. Charity-based Islamic MFIs will provide money for consumption as well as production purposes and, thus, can broadly target the economic and social needs of the poorest of the poor. They can help minimize indebtedness and reduce unequal distribution of wealth in society.

Religion and work are seldom discussed. The two have caused scholars to question the religion’s role with work. This paper reviews research on the integrate between religion and work by examining issues of concept, definition, measurement, and reviewing research that examines the relationship of work and religion with respect to: different times, types of people, organize human interactions and sources of knowledge. We then discuss the methodological requirement for reintegrating work studies into social institutional theory and indicate what the conceptual payoffs of such integration might be. These payoffs include breaking new conceptual ground, resolving theoretical puzzles and envisioning the nature of new social institutions.

By reading this book, you might understand liquidity management, risk management and deposit characteristics of Islamic banks. Also, you will have a better understanding on Islamic monetary operations in case of Indonesia and from theoretical perspective.

This paper studies characteristics of banking depositors referring to some survey literatures on Indonesian Islamic banking industry. Then, the output of such literatures is used to construct and propose an integrated program to develop the Indonesian Islamic banking industry. Particularly, the paper investigates the understanding of depositors with regard to Islamic banking institution, segmentation of depositors, depositors’ investment and liquidity behavior. Finally, an integrated program is composed of:(a) socializing the operations and benefits of Islamic banks;(b) educating the banking depositors and;(c) maintaining the loyalty of depositors.

Cara budidaya jamur tiram bisa kamu praktikkan di rumah. Sebagai salah satu jamur yang bisa dikonsumsi dengan berbagai manfaat kesehatan, jamur tiram digemari banyak orang. Tidak heran, banyak yang membudidayakannya. Jamur tiram identik dengan bentuknya yang putih, lebar, tumbuh bergerombol seperti payung, dan bentuknya yang menyerupai cangkang tiram. Ada banyak jenis jamur tiram, mulai dari jamur tiram abu-abu, tiram putih, cokelat, dan juga emas

Buku ini menghadirkan wacana baru tentang investasi syariah dengan bahasa yang renyah dan aplikatif.  Materi yang disampaikan dalam buku ini cocok bagi siapa pun yang membutuhkan panduan atau rujukan terkait cara berinvestasi. Cara-cara tersebut disampaikan dengan tetap berdasar pada prinsip kehalalan dan disesuaikan dengan hukum Islam.

Penelitian ini merupakan penelitian deskriptif qualitative yang bertujuan untuk mengetahui ada tidaknya pengaruh dari Current Industry Relative Performance (CRP), Future Industry Relative Performance (FRP) dan Leverage (DEBT) terhadap praktik manajemen laba pada Perbankan Indonesia. CRP, FRP dan DEBT diukur dengan mengggunakan rasio keuangan. Manajemen laba diukur dengan menggunakan total akrual. Data yang digunakan adalah data sekunder dengan karakteristik data time series yang berupa laporan keuangan triwulan bank (BM, BRI, BSM, BMI, dan BSMI) tahun 2004 sampai dengan 2008. Dengan menggunakan regresi berganda dengan taraf nyata 5%. hasil penelitian menunjukkan bahwa pada bank konvensional berdasarkan Uji Simultan, peubah CRP, FRP dan DEBT mempengaruhi praktik manajemen laba (AD), sedangkan berdasarkan Uji Parsial, hanya peubah CRP dan DEBT yang mempengaruhi praktik manajemen laba. Pada bank syariah, berdasarkan Uji Simultan, peubah CRP, FRP, dan DEBT tidak ada yang mempengaruhi praktik manajemen laba (AD), sedangkan berdasarkan Uji Parsial, peubah CRP, FRP dan DEBT tidak mempengaruhi praktik manajemen laba

The autonomy the local government is based on the political decision which was reformed from bureacratic centralistic to participatory decentralistic of government system. The Law no 22,1999 on the Local Government has created a new paradigm in the practice of local autonomy that the execution of power must be on the regency or town authorities. On the other side, Indonesia’s Islamic economy is powered by entities of islamic law based of banking system (Bank Syari’ah) that emerged its right moment in the post 1998 Indonesia’s economic crisis. After that moment, the Syariah’s financial industry was on rapid development in this country. And in line with that development, th ere have been many banking institutions grow in the regions. This article has intention to describe the role of economy based on Islamic law in the socio-economic development of the local governments. It also tries to look from finance as well as non finance aspects and other push factors, and its implication toward macro national economic.

This paper appraises demand and supply of liquidity in Islamic banking industry. The author has particularly attempted to consider the future scenario vis-à-vis Islamic banking and check the resiliency of the industry against any liquidity pressure. The paper starts with identifying and analysing sources of demand and supply of liquidity and uses ARIMA models to produce a future estimated number. The paper finds that the industry is managing the liquidity very well as of now. Nevertheless, its resiliency against liquidity problems is not fully satisfactory. Permanent liquidity mismatch might possibly exist during unpleasant economics conditions. Finally, the paper suggests Islamic banks to strengthen their liquid instruments, improve the liquidity management as well as business operation and further educate the public about Islamic banking principles.

This paper attempts to assess the demand and supply of liquidity in Islamic banks and to check the resilience of the industry to liquidity pressure. Firstly, it identifies the sources of short-term demand and supply of liquidity. Secondly, it assesses the historical performance of banks to manage liquidity. Thirdly, this paper predicts the short-term future performance and investigates the resiliency of the industry against any liquidity pressure by using ARIMA models and Bayesian technique. The paper finds that the industry has historically managed liquidity very well. Nevertheless, the resiliency against liquidity pressures is not strong enough because it does not perform well when irregular demand of liquidity or a liquidity run occur. As such, this paper suggests to Islamic banks that they intensify education of the public on Islamic banking principles, improve banking facilities, products and services, and optimize bank financing.

Water is a public good and Islam perceives it as such. However, after the emergence of the Dublin Principle in 1992, water is viewed as an economic good, thus it could be owned privately. This principle led private sectors to enter into the water management field and commercialise water resources. The main research question investigated is to find out whether there is any difference between the Islamic water management and current water privatization system. The objective of this paper is to find out and analyze if there is any difference between Islamic water management as it was implemented in the Prophet's era and the current water privatization system. The paper concludes that there are some differences between water management in Prophet's era and the current water privatization system. Unlike the Prophet's era, today water is perceived as economic good. Under water privatization system, water resource could be owned and treated privately and exclusively for profiteering purposes. The access of the poor to the water is restricted by their inability to pay. In pursuit of continuous and increasing profit, over extracting of water has endangered water sustainability. While the use of water in the Prophet's era was based on priority with domestic need fulfillment at the top level, under water privatisation the priority of water use is biased towards the sectors that are able to pay for it.

The paper attempts to construct the model of islamic monetary operation for liquidity management in islamic banking. Particularly, the model investigates variables that determine the role of the central bank in managing liquidity. Firstly, it explores the related conventional models and chooses one to find general variables involved in monetary operations for managing liquidity. Secondly, it formulates the islamic model after considering the islamic monetary operation principles, characteristics of both islamic monetary instruments and Indonesian islamic banking industry. Specifically, it models Bank Indonesia’s islamic monetary instrument called Bank Indonesia Sharia Certificate (SBIS). Thirdly, the model points out that the volume of SBIS is influenced by reserves requirement, currency in circulation, and prior auctions of SBIS. It means that the application of islamic OMO is not significantly different from monetary instrument in conventional OMO. Therefore, the paper suggests the issuance of islamic investment monetary instruments to implement the ideal islamic monetary instrument and OMO

The writing is based on my concern on the monetary policy in Indonesia which is not fully in accordance with the Islamic teaching. Among all, the monetary policy doesn’t pay attention to the real sector. It can be seen from the sectorial dichotomy between the real and monetary sectors whereas in Islamic economics, monetary policy is only a representative of the real sector. The paper is a literary research with the approach of comparative study between Islamic monetary policy and the monetary policy employed in Indonesia. The research result is a composition of a transmission model from the perspective of Islamic economics which is based on BI Return (sharing) by creating a diagram and then explaining some thoughts of Muslim and western economists such as Stieglitz to create a monetary policy which gets along with the real sector. The model is an observational result to the monetary condition in Indonesia which is then compared to Islamic monetary thought. This model will gain good result when all transmissions of monetary policy are applied effectively.

Abstract-Human resources is one of the crucial aspects to achieve the company goals which can be handle by supply chain strategy. The relationship among supply chain strategy, management of core operational functions and improvement in performance requires better understanding. In banks, turnover intention is the process or attitude of an employee to consider leaving the current job, and to find alternative employment opportunities in other organizations or companies that are better. The objective of this research was to find out the influence of Supply Chain Management and Organization Performance toward Turnover Intention at the Head Office of PT Bank Syariah Mandiri. In this research, the researcher took the samples by using nonprobability sampling method with a purposive sampling technique. The samples were the permanent officers of PT. Bank Syariah Mandiri (Head Office) consisted of 291 respondents from the total of 404 permanent officers. The researcher used structural equation model in testing, analyzing the data, and model development. The Data were analyzed by using statistical software tools (LISREL 8.8). The paper seeks to establish and validate a theoretical model linking the supply chain strategy, core operational functions and organizational performance in bank. The data validates the theoretical basis of the constructs and shows supply chain strategy has an overall positive impact on multiple performance dimensions through strategically aligned core operational functions.

Buku yang istimewa dan spesial ini mengkaji perjalanan hidup Rasulullah SAW dalam 8 bidang utama: 1. self development atau personal leadership 2. bisnis dan kewirausahaan 3. kepemimpinan keluarga 4. dakwah 5. sosial dan politik 6. sistem hokum 7. pendidikan 8. strategi militer

Di dalam buku ini, Dr. Muhammad Syafii Antonio, M.Ec, selaku penulis, mencoba melihat Rasulullah SAW dengan kaca mata baru yang lebih luas yaitu bukan saja mengakui Rasulullah SAW sebagai Nabi dan Rasul tetapi juga menempatkannya sebagai pemilik traits of leadership dan models of management. Untuk mudahnya, traits of leadership Rasulullah SAW dibuat dalam satu model berbentuk cakram yang terdiri dari 8 bidang utama, yaitu: self development atau personal leadership, bisnis dan kewirausahaan, kepemimpinan keluarga, dakwah, . sosial dan politik, sistem hukum, pendidikan, dan strategi militer. Secara umum, buku ini dibagi menjadi 4 bagian utama yang terdiri dari 12 bab. Bagian I terdiri dari 2 bab yaitu bab 1 sebagai Mukaddimah dan bab 2 berisi pembacaan terhadap konsep-konsep manajemen dan leadership modern. Bagian II memuat satu bab yakni tentang bab 3 berupa survey of literature terhadap berbagai tulisan dan kajian klasik tentang Muhammad SAW. Tujuan utama dari bagian II adalah untuk menunjukkan betapa banyaknya suri teladan dari Nabi Muhammad SAW yang selama ini belum tergali atau tersentuh oleh literatur, baik dari luar maupun dari dalam negeri. Bagian III berisi 8 bab yang merupakan isi pokok dari buku ini. Bagian IV terdiri dari 12 bab yang merupakan bab penutup berupa epilog. Di bagian akhir buku disertakan pula appendix, index, dan daftar pustaka.

This paper at first looks into the needs for harmonization in this turbulence and uncertain markets and economic condition. Market changes are among the prominent factors that leads to harmonization; and it is also the leading issue that Islamic finance industry will have to deal with in the near future. Then this brief paper dwells with the direction of harmonization efforts in the Islamic finance industry. No doubt that harmonization is not a panacea for problems faced by Islamic finance, rather it is a journey that we must take to propel and advance this endeavour.

Upon the progressive and healthy Indonesian Islamic banking industry, there is a potential of liquidity risk to be aware and anticipated. Its industry characteristics, depositor’s behaviors and high banking performance requested by public are some factors to be carefully aware. On top of that, current macroeconomic condition along with interest based economic system, free capital mobility and dual banking system are some other factors to be anticipated as well. At the end, some anticipative actions and preparations should be thought by Islamic banking industry to maintain and guarantee its promising prospect

Pasar Obligasi dan reksadana relatif masih baru di pasar keuangan Indonesia. Namun demikian, perkembangan kedua pasar tersebut cukup menjanjikan baik dari sisi jenis instrumen yang ditawarkan, jumlah investor maupun nilai investasi yang ditanamkan. Pada periode Agustus - Desember 2005 lalu, kedua pasar tersebut mendapat tekanan yang cukup berat dan hampir menumbangkan perusahanperusahaan sekuritas besar karena besarnya jumlah likuiditas yang ditarik investor (redemption). Paper ini mencoba menganalisa kejadian yang menimpa pasar obligasi dan reksadana tersebut baik sumber tekanan yang utamanya adalah berasal dari faktor makroekonomi dan faktor pasar, besarnya dampak redemption sampai ke langkah-langkah penyelematan yang ditempuh pemerintah (Bank Indonesia, Bapepam, dll). Ke depannya, para pelaku pasar termasuk para investor harus lebih mendapat edukasi yang benar dan positif mengenai investasi di pasar obligasi maupun reksadana. Selain itu, regulator juga diharapkan dapat mematangkan perkembangan kedua pasar melalui peraturan-peraturan yang mendukung termasuk proses komunikasi peraturan-peraturan tersebut kepada seluruh pihak terkait di pasar obligasi maupun reksadana.

T ernak unggas air, terutama itik merupakan bagian dari sistem usaha pertanian di daerah perdesaan. Nilai ekonomi ternak itik tersebut sekarang ini semakin meningkat seiring dengan meningkatnya permintaan konsumen terhadap produk-produk unggas air, seperti telur, daging, dan bulu. Namun, kondisi tersebut tidak sejalan dengan produksi dari ternak itik itu sendiri karena produksi dari itik belum mampu mencukupi kebutuhan permintaan konsumen. Hal ini salah satunya disebabkan sistem pola pemeliharaan itik yang masih bersifat tradisional. Banyak peternak itik di daerah perdesaan yang menerapkan pola pemeliharaan tradisional yang sepenuhnya tergantung pada alam. Kecenderungan ini dirasakan peternak tradisional sebagai keuntungan karena mereka tidak perlu mengeluarkan biaya banyak untuk pakan itik. Pola pemeliharaan yang baik adalah secara intensif. Mungkin para peternak itik, baik pemula maupun peternak kecil belum mengetahui seperti apa pola pemeliharaan secara intensif. Dalam pemeliharaan secara intensif para peternak itik akan mengahadapi beberapa tantangan, antara lain harus menyediakan pakan sendiri, sehingga biaya yang dikeluarkan lebih besar. Selain itu, pemeliharaan secara intensif harus memerlukan perkandangan dan manajemen

Paper ini akan mencoba membahas dampak penerapan otonomi daerah, khususnya dampak alokasi atau penyaluran dana perimbangan keuangan pusat dan daerah terhadap pengendalian moneter selama periode pertama (tahun pertama) penerapan otonomi daerah. Langkah pertama yaitu mencoba menghitung besarnya alokasi dana perimbangan yang diterima tiap daerah di Indonesia, kedua, kemana dana tersebut dialokasikan/ditempatkan oleh masing-masing daerah (perbankan di daerah), ketiga, apakah ada pencairan dana dan kesimpulan serta langkah-langkah yang dapat diambil oleh otoritas moneter untuk menghadapi pelaksanaan otonomi daerah tahun depan.