Toward an Ideal Balance Of Islamic Banking Products Portfolio

Muhammad Akhyar Adnan

Abstract


The Islamic Banking Industry is growing rapidly in many countries, yet some important problems are yet to be faced. This includes the perception of some Muslim societies towards Islamic banking operations, accounting issues and particularly, in regard to the industries product portfolio. In the case of Indonesia – but perhaps also in the larger context – there has been concerns raised about the imbalance of product portfolio [Adnan 2003; 2005, Tohirin 2003, Muhammad 2005]. It is commonly known for example that the murabaha product has dominated product portfolio since the beginning of the industry’s operations. Although this issue is not related to fiqh concepts, many are concerned that product portfolio imbalance will cause an unevenness between the monetary or financial sector and the real sector of businesses. In other words, the situation will not reflect the notion of an Islamic economics concept, which is concerned about balance and harmony among all economic sectors. This paper offers a solution to this particular problem, with a view towards implementation of an Islamic economy.


Keywords


Islamic Bank; Products; Portfolio

Full Text:

Download Article

References


Adnan, Muhammad Akhyar [1996] An Investigation of Accounting Concepts and Practices in Islamic Banks, The Cases of Bank Islam Malaysia Berhad and Bank Muamalat Indonesia, unpublished dissertation, University of Wollongong.

Adnan, Muhammad Akhyar [2001] “Study on Factors Influencing Performance of the Best Baitul Maal wa at-Tamwil in Indonesia, “ Proceeding of First National Symposium on Islamic Economics, FE UII., Yogyakarta.

Adnan, Muhammad Akhyar [2003] Perkembangan Gerakan Ekonomi Islam di Indonesia: Sebuah Evaluasi. A Speech delivered in an Open Senate Meeting in celebrating the 60th anniversary of Universitas Islam Indonesia.

Adnan, Muhammad Akhyar [2005] “Dari Murabaha Menuju Musyarakah, Upaya Menyinergikan Sektor Moneter dan Riel”, Proceeding of International Seminar on Islamic Economics As A Solution, Medan 18 – 19 September 2005.

Antonio, Muhammad Syafii [2000] Bank Syariah, Suatu Pengenalan Umum, Jakarta: Tazkia Institute.

Arif, Muhammad [1985] "Toward the Shari'ah Paradigm of Islamic Economics: The Beginning of a Scientific Revolution," The American Journal of Islamic Social Science, Vol. 2 No. 1, pp. 79-98.

Bank Indonesia [2005] Laporan Perkembangan Perbankan Syariah Tahun 2004.

Boyett, Joseph H. and Jimmie T. Boyett [2001] The Guru Guide to Entrepreneurship (New York: John Wiley & Sons., Inc).

Dollinger, Marc J. [2003] Enterpreneurship: Strategies and Resources (New Jersey: Prentice-Hall)

Mannan, M.Abdul [1986] Islamic Economics, Theory and Practice, Hodder and Stoughton, The Islamic Academy, Cambridge.

Megginson, L. C., Mary Jane Byrd and W. L. Megginson [2003] Small Business Management:An Enterpreur’s Guidebook (Boston: McGraw-Hill Irwin).

Muhammad [2005] “Permasalahan Agensi pada Pembiayaan Mudharabah di Bank Syariah”, Proceeding of International Seminar on Islamic Economics As A Solution, Medan 18 – 19 September 2005.

Mujiyanto. 2004. “Optimisme Perbankan Syariah” Modal, 15/II, Januari 2004, 14-5.

Qur’an, the Holly [undated] English Translation of the meaning and Commentary, Revised and Edited by the Presidency of Islamic Reaseraches, IFTA.

Rodgers, Pieter [2005] “Islam shows another side to banking” Australian Financial Review, 18 October 2005, p 63.

Timmons, Jeffry A. [1999] New Venture Creation, Entrepreneurship for 21st Century (Boston: Irwin McGraw-Hill).

Tohirin, Ahmad [2003] “Mewujudkan Sistem Ekonomi Islam di Indonesia” Unpublished manuscript, FE UII, Yogyakarta.


Refbacks

  • There are currently no refbacks.


Bookmark and Share


Office:
Ruang Jurnal Fakultas Ekonomi dan Bisnis UMY
Gedung Ki Bagus Hadikusuma (E4) Lantai 2, Kampus Terpadu Universitas Muhammadiyah Yogyakarta,
Jalan Brawijaya (Lingkar Selatan), Tamantirto, Kasihan, Bantul, Daerah Istimewa Yogyakarta, Indonesia, 55183
Website: journal.umy.ac.id/index.php/ai - E-mail: jai@umy.ac.id

Journal of Accounting and Investment is licensed under Creative Commons Attribution Attribution-NonCommercial-NoDerivatives 4.0 International License

View My Stats