KAJIAN KONSEP RASIONAL DAN MASLAHAH DALAM PENGEMBANGAN PERBANKAN SYARIAH: STUDI PERBANDINGAN ANTARA INDONESIA DAN MALAYSIA

Article Sidebar

PDF
DOI: https://doi.org/10.18196/jesp.17.1.3777
Keywords:
sharia banking, maslahah, Cobb-Douglas function, Indonesia, and Malaysia

Main Article Content

Dimas Bagus Wiranatakusuma
Dosen Departemen Ilmu Ekonomi, Universitas Muhammadiyah Yogyakarta
Masyhudi Muqorobin
Direktur International Program for Islamic Economics and Finance (IPIEF), Departemen Ilmu Ekonomi, Universitas Muhammadiyah Yogyakarta, Indonesia
Imamudin Yuliadi
Ketua Program Studi Ilmu Ekonomi, Departemen Ilmu Ekonomi, Universitas Muhammadiyah Yogyakarta, Indonesia

Abstract

The main idea about preference and utility in Islamic perspective is to describe consumer behavior in accordance with the concept of maslahah. This essay tries to replicate the concept of maslahah by dividing into good deeds (G) and bad deeds (B) with certain limits of ability (A). The Hicksian and Marshallian demand function is used to recover the problem by taking the comparison of Islamic banking objects between Indonesia and Malaysia. This paper uses several selected variables to measure the function of Masahah (M) as well as the ability (A). Empirically, the variables used to measure the function of Masahah are savings, financing, and yield rate. In addition, the Cobb-Douglas (CD) utility function is used to describe the maslahah model. The study results show that Indonesia has a bigger problem compared to Malaysia based on its Shariah banking practices. However, more business has to be done by the Sharia Bank in Indonesia to maintain the maslahah level than in Malaysia because maslahah is seen as a manifestation of good effort (Eg).

Article Details

How to Cite
Wiranatakusuma, D. B., Muqorobin, M., & Yuliadi, I. (2016). KAJIAN KONSEP RASIONAL DAN MASLAHAH DALAM PENGEMBANGAN PERBANKAN SYARIAH: STUDI PERBANDINGAN ANTARA INDONESIA DAN MALAYSIA. Jurnal Ekonomi &Amp; Studi Pembangunan, 17(1), 77–88. https://doi.org/10.18196/jesp.17.1.3777
Issue
JESP Volume 17 Nomor 1, April 2016
Section
Articles

License

You are free to:

  • Share — copy and redistribute the material in any medium or format
  • Adapt — remix, transform, and build upon the material for any purpose, even commercially.

The licensor cannot revoke these freedoms as long as you follow the license terms.

Under the following terms:

  • Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
  • ShareAlike — If you remix, transform, or build upon the material, you must distribute your contributions under the same license as the original.
  • No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.

Creative Commons License

Creative Commons License

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

References

Abduh, M., Omar, M.A., and Duasa, J. (2011). The impact of crisis and macroeconomic variables towards Islamic banking deposits. American Journal of Applied Sciences, Vol. 8 No.12: 1413-1418.

Bacha, O.L. (2004). Dual banking system and interest rate risk for Islamic banks. MPRA No. 12763

Chong, B. S., and Liu, M. H. (2008). Islamic banking: Interest-free or interest-based? Pacific-Basin Finance Journal, Vol. 17 No. 1: 125-144.

Haneef, M. A. and Hafas Furqani (2009). Developing the ethical foundation of Islamic economics: benefiting from Toshihiko Izutsu. Intelectual Discourse, Vol 17 No.2: 173-199.

Haron, S. and Ahmad, N. (2000). The effects of conventional interest rates and rate of profits on funds deposited with Islamic banking system in Malaysia. International Journal of Islamic Financial Services, Vol. 1 No. 4: 1-7.

Haron, S. and Wan Azmi, W.S. (2008). Determinants of Islamic and conventional deposits in the Malaysian banking system. Managerial Finance, Vol. 34 No. 9: 618-643.

Kasim, S. et al. (2009). Impact of monetary policy shocks on the conventional and Islamic banks in a dual banking system: evidence from Malaysia. Journal of Economic Cooperation and Development, Vol. 30 No. 1: 41-58.

Kasri, R.A. and Kasim, S. (2009). Empirical determinants of saving in the Islamic banks: Evidence from Indonesia, JKAU: Islamic Econ. Vol. 22 No. 2: 181- 201.

Ramli, A. M. et al. (2007). The Theory of Consumer Behavior: Conventional vs Islamic. Proceedings of the 2nd Islamic Conference (iECONS2007) organized by Faculty of Economics and Muamalat, Islamic Science University of Malaysia.

Rohmah, N. (2006). Deposits determinants of Islamic bank in Indonesia: An ARDL modeling approach, Unpublished Master Thesis, Kulliyah of Economics and Management Sciences of IIUM.

Zainol, Z. and Kasim, S. (2010). An analysis of Islamic banks’ exposure to rate of return risk. Journal of Economic Cooperation and Development, Vol. 31 No. 1: 59-84.