IMPLEMENTATION OF FINANCIAL MANAGEMENT CONCEPTS IN ISLAMIC BANKING IN INDONESIA

Sufyati Hs
Additional contact information
Sufyati Hs: Universitas Pembangunan Nasional Veteran Jakarta, Indonesia

International Journal of Entrepreneurship, 2021, vol. 25, issue 4

Abstract: Currently, it can be said that the economic condition is still dominated by conventional conditions, marked by there are still many non-Islamic banks compared to Islamic banks. Even though as the largest Muslim population globally, Indonesia has the potential to develop an Islamic economy. Of course, it is a bit difficult to make this happen if we act like a minority. Even in practice, Islamic financial management in Indonesia is rather difficult to control if Islamic banks become dominant in Indonesia. This is attributed to a lack of general awareness of Islamic banking's financial management values. Sharia financial management is a financial management practice that focuses on achieving targets while adhering to Islamic Sharia values. The objective of this analysis is to inform the public about the financial management of Islamic Banking in Indonesia, which involves the management of public fund collection allowed under Islamic law and the funding or channeling of these funds to the public. The discussion of this thesis employs qualitative approaches in conjunction with a literature review approach. The research results obtained by researchers are that Islamic banking financial management can be divided into two types, namely management of public fund collection which can be in the form of Wadi'ah, Mudharabah, MudharabahMuqayyadah and Qardh and financing management which can be in the form of financing for working capital, investment and consumption.

Keywords: Islamic Bank; Financial Management; Funds Management; Financing Management (search for similar items in EconPapers)
JEL-codes: D53 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:ijentr:0205

Access Statistics for this article

International Journal of Entrepreneurship is currently edited by Nicolaj Hannesbo Petersen

More articles in International Journal of Entrepreneurship from Allied Business Academies
Bibliographic data for series maintained by Mouawiya Al Awad ().