Indonesia Conference Directory

Corresponding Author
Amini Amir Abdullah

Institutions
Universiti Putra Malaysia and UNIKL

Abstract
Abstract: This paper is prepared for observing the role of Islamic banking institutions in assisting Muslim Halal Entrepreneurs (MHE) who have obtained business financing from Islamic banking institutions in Malaysia. Based on the analysis of the interviews conducted by the researchers on Islamic banking institutions, it shows that Islamic banking institutions have been instrumental in helping Muslim Halal Entrepreneurs (MHE); either to start a business or expand existing business. In this study, the researchers used the method of in-depth interviews. Interview data were analyzed based on the themes of the study that have been identified by the researchers. The findings of this study have shown that Islamic banking institutions have played their extensive role in helping Muslim Halal Entrepreneurs (MHE) in achieving success in the field of entrepreneurship in the country.

Keywords
Business Financing, Halal Muslim Entrepreneurs, Islamic Banking Institutions

Topic
Islamic Banking, Finance, Insurance, and Sharia Accounting

Link: https://ifory.id/abstract/hRur46APBxfb

Corresponding Author
Puji Handayati

Institutions
Universitas Negeri Malang
Universitas Adi Buana

Abstract
The hybrid contract concept emerges as a finding of innovation of Islamic banking products to fulfill the needs of banking transactions in sharia banks. A transaction in a financial institution must not be separated from a set of financial statements in the accounting system. As a Sharia-operated bank, it must apply the concept of sharia accounting, including in accounting records of hybrid contract transactions. Using the qualitative method of hermeneutic phenomenology, this study concludes that in practice, the accounting records at the beginning of the transactions of mura> bah wakalah wilalah is directly on the ownership of the assets of mura> bah} ah by the bank. Whereas, before the asset belongs to the bank (which is represented by the customer), there is a previous contract that is wakalah. The occurrence of this wakalah contract is not done in accounting records. Therefore, if only look at the accounting records of a bank, it will not be seen clearly a transaction with the agreement mura> bah} ah bil wakalah. Whereas, in accounting calculation by musya> rakah mutana> qis} ah contract, accounting treatment that acknowledged the financing of musya> rakah, then in its presentation, there is certainly a Financial Position Report (balance sheet) showing the financing musya> rakah as a whole.

Keywords
Hybrid Contract, Sharia Accounting, Accounting Recording

Topic
Islamic Banking, Finance, Insurance, and Sharia Accounting

Link: https://ifory.id/abstract/KeUR4jbCFvnW

Corresponding Author
Andro Agil Nur Rakhmad

Institutions
Universitas Negeri Malang

Abstract
This study aims to describe the relationship between Islamic financial institutional literacy and the preferences of Islamic financial institutions. The institutional literacy of Islamic finance is explained by indicators of knowledge of the terms sharia, sharia substance and sharia institutions. The subject of this study were students of the economic faculty of the State University of Malang from three majors : Management, Accounting and Development Economics. Samples were taken randomly and proportionally from the three majors. The results of the study show that most students of economic faculties do not yet understand the basic principles of Islamic finance. Most of the students also have literacy that is sufficient about cooperative institutions. Economic students have a good preference for sharia cooperatives. Islamic financial institution literacy influences the preference of sharia financial institutions.

Keywords
Literacy, Preferences, Students, Sharia Cooperatives.

Topic
Islamic Banking, Finance, Insurance, and Sharia Accounting

Link: https://ifory.id/abstract/8JWzTKr3MdRZ

Corresponding Author
Bagus Shandy Narmaditya

Institutions
Faculty of Economics, Universitas Negeri Malang
corresponding email: sugeng.hadi.fe[at]um.ac.id

Abstract
The purpose of this study aims to determine the effect of third party funds and murabahah financing on profitability of Islamic Banking in Indonesia. This study applied a quantitative research. The population in this study is Islamic Banking registered in Central Bank of Indonesia (BI) during 2011-2017, while the sample is eight islamic banking chosen purposively considering the particular criteria. The data were gathered from Central Bank of Indonesia (BI) and Financial Services Authority (OJK). Furthermore, the data were analyzed using multiple linear regression analysis. The findings showed that third party funds and murabahah financing have a positive effect on islamic banking profitability in Indonesia. From the anaysis, it also can be known that third party funds and murabahah financing contribute 28.9 percent to bank profitability.

Keywords
Third Party Funds, Murabahah Financing, Profitability, Islamic Banking

Topic
Islamic Banking, Finance, Insurance, and Sharia Accounting

Link: https://ifory.id/abstract/HteQw6fGBjLN

Corresponding Author
Inayati Nuraini Dwiputri

Institutions
Universitas Negeri Malang

Abstract
The data used in this study is IFLS data with fixed effect estimation method. The study shows that informal credit has a more negative impact on household welfare compared to the use of formal credit. And, the use of semi-formal credit has a more negative impact on household welfare compared to the use of formal credit. It can be due to higher interest rates in the use of informal credit compared to semi-formal and formal credit. This study also shows that credit used for productive purposes has a more positive impact than credit used for consumptive purposes. The greater the amount of credit used, the more positive the impact on household welfare is compared to the use of fewer loans. The results of this study can be the basis for the government to be concerned about the policy of credit interest rates to the public.

Keywords
formal credit, semi-formal credit, informal credit, interest rate

Topic
Islamic Banking, Finance, Insurance, and Sharia Accounting

Link: https://ifory.id/abstract/rDAjWNeL4ypu

Corresponding Author
Puji Handayati

Institutions
Universitas Negeri Malang

Abstract
The purpose of this study is to find out how financial accounting in the zakat institutions of Malang city, in accordance with PSAK 109 as a guide in the accounting treatment. Indonesia is one of the countries with the majority of the population with Islam religion, which has a high potential of zakat. The potential of zakat is not only on zakat fitrah but also on other types of zakat such as zakat maal, infaq / sedekah. Therefore, the acceptance of zakat in Indonesia have a high potential, if the management of funds managed well, neatly, regularly and transparently. Zakat institutions must make correct financial reports and readily audited by public accountants. Audit is one of the important things to increase public trust in zakat management institutions. Therefore, IAI issued a regulation related to the accounting treatment of zakat, infaq / sedekah, namely PSAK 109. PSAK No. 109 expected to create uniformity of reporting and simplicity of reporting. Besides that, the application of PSAK No. 109 aimed to ensure that zakat management institutions comply with sharia principles and how far zakat management institutions have a level of compliance in implementing them. This study used a descriptive qualitative approach with a phenomenological study. This study uses interview techniques, where the interviews were conducted with the heads of foundations and accountants at the zakat institution. The data analysis method use primary data and secondary data. In which the data obtained directly from respondents regarding financial accounting treatment carried out at zakat institutions. Then, secondary data is also collected to support research documents from the institution. The results of this study found that YDSF Malang and LAZ Yatim Mandiri Malang in carried out accounting treatment differently. It is divided into accounting in the receipt, expenditure and reporting of funds. The recognition and measurement of funds acceptance and expenditure is based on the guidelines of PSAK 109. However, the report of funds in the zakat institution in Malang in the form of financial statements that have not been fully compliant with PSAK 109 because in terms of disclosure of funds the institution has not disclosed in PSAK 109. Thus, it is hoped that it can provide a progress in improving the performance of the Malang city zakat institution by presenting financial statements in accordance with PSAK No. 109. In the presentation of financial statements, it must be clear and accountable by disclosing financial statements in accordance with those stipulated in PSAK No. 109. As such, this will increase public trust in making the zakat institution in the city of Malang as the choice of fund collection and management institutions to pay zakat.

Keywords
Treatment of Accounting, Financial Accounting, PSAK 109

Topic
Islamic Banking, Finance, Insurance, and Sharia Accounting

Link: https://ifory.id/abstract/7Zp9TAHCetRW

Corresponding Author
Puji Handayati

Institutions
Universitas Negeri Malang

Abstract
The concept of corporare social responsibility (CSR) disclosure within the company is currently very important, as evidenced by the existence of a regulation that requires every company to disclose their CSR. The purpose of this study is to provide an overview of the practice of CSR carried out by LQ-45 companies in Indonesia and to know the effect of company characteristics (company size, profitability, and liquidity) on CSR disclosure in LQ-45 companies. The population in this study is LQ-45 companies. The sampling method in this study used purporsive sampling so that the sample in this study is 17 companies in LQ-45 listed on the Indonesia Stock Exchange in period 2012-2013. Data analysis method used multiple linear regression analysis. The result in this study shows that company size factors, profitability, and liquidity simultaneously and significantly influence on CSR disclosure in LQ-45 companies. In partially, only liquidity does not have a significant effect on CSR disclosure, but there are negative relationship between corporate liquidity and CSR disclosure.

Keywords
Size, Profitability, Liquidity, Corporate Social Responsibility.

Topic
Islamic Banking, Finance, Insurance, and Sharia Accounting

Link: https://ifory.id/abstract/ZzkJE39bpaqM

Corresponding Author
Amini Amir Abdullah

Institutions
Fakulti Ekologi Manusia, Universiti Putra Malaysia.

Abstract
This paper discussess about the role of Islamic banking institutions in assisting Muslim Halal Entrepreneurs (MHE) who have obtained business financing from Islamic banking institutions in Malaysia. Based on the analysis of the interviews conducted by the researchers on Islamic banking institutions, it shows that Islamic banking institutions have been instrumental in helping Muslim Halal Entrepreneurs (MHE); either to start a business or expand existing business. In this study, the researchers used the method of in-depth interviews. Interview data were analyzed based on the themes of the study that have been identified by the researchers. The findings of this study have shown that Islamic banking institutions have played their extensive role in helping Muslim Halal Entrepreneurs (MHE) in achieving success in the field of entrepreneurship in the country.

Keywords
Islamic banking, Malaysia, Muslim Halal Entrepreneurs, business financing

Topic
Islamic Banking, Finance, Insurance, and Sharia Accounting

Link: https://ifory.id/abstract/HbyXDM94YkUn

Corresponding Author
Mohd Daud Awang

Institutions
Universiti Putra Malaysia

Abstract
This paper is prepared for observing the role of Islamic banking institutions in assisting Muslim Halal Entrepreneurs (MHE) who have obtained business financing from Islamic banking institutions in Malaysia. Based on the analysis of the interviews conducted by the researchers on Islamic banking institutions, it shows that Islamic banking institutions have been instrumental in helping Muslim Halal Entrepreneurs (MHE); either to start a business or expand existing business. In this study, the researchers used the method of in-depth interviews. Interview data were analyzed based on the themes of the study that have been identified by the researchers. The findings of this study have shown that Islamic banking institutions have played their extensive role in helping Muslim Halal Entrepreneurs (MHE) in achieving success in the field of entrepreneurship in the country.

Keywords
Business Financing, Halal Muslim Entrepreneurs, Islamic Banking Institutions

Topic
Islamic Banking, Finance, Insurance, and Sharia Accounting

Link: https://ifory.id/abstract/VyaWhUNvtKDb