Indonesia Conference Directory

Corresponding Author
ahlis fatoni

Institutions
International Islamic University Malaysia

Abstract
Although alcoholic beverages resulted a social and health problems, total world export in alcoholic beverages is quite high. Indonesia-s total import also increased 65% in 2013. Indonesia as the biggest Muslim community in the world still not prohibit the alcoholic beverages except Nangro Aceh Darussalam. Through analysis from literature review, regulation, and data related, Indonesia should able to escape alcoholic beverages transaction with its Muslim population and strict to the Islam regulation.

Keywords
International tade, Alcholic beverage, Unlawful

Topic
Islamic Governance and Ethics

Link: https://ifory.id/abstract/pXj8Ywv9BxAM

Corresponding Author
Taridi Kasbi Ridho

Institutions
State Islamic University (UIN) Syarif Hidayatullah Jakarta

Abstract
Purpose –The paper intends to assess the readiness of Islamic banks in Indonesia in the sustainable finance implementation. The implementation of sustainable finance will enable Islamic banks to maximize their role as a catalysator for creation of environmentally friendly investment and fair economical social system to achieve 17 SDGs more effectively. In addition, these financial institutions might also gain several additional benefits such as stronger company-s resilience, green financial product and services domination, and access to cheaper from global green financial market. Indonesian Financial Service Authority (FSA) had launched a Roadmap for Sustainable Finance 2014-2019, followed by the issuance of FSA regulation Number 51 Year 2017 on Sustainable Finance Implementation, which obliged all banks operated in Indonesia to implement sustainable finance in 2020, which had started with mandatory implementation by biggest banks of tier 3 and tier 4 in 2019. Design/methodology/approach – This research will observe and compare biggest both Islamic and conventional banks in Indonesia, measured by their revenues in 2016 and 2017 in implementing sustainable finance. Secondary data will be gathered from 2016 and 2017 company-s annual report, CSR/sustainability report, and on-line CSR information. Measurement of sustainable finance implementation will be conducted by employing content analysis of those reports using SDG Compass which links the SDGs with GRI. Descriptive analysis will be employed to understand the sustainable finance implementation across different banks. Deeper explanation will also be provided by showing case studies of banks that had implemented sustainable finance.

Keywords
SDGs, Islamic finance, sustainable finance, Indonesia

Topic
Islamic Governance and Ethics

Link: https://ifory.id/abstract/udKaTLg3xtN4

Corresponding Author
Ali Aljadba

Institutions
University Sians Islam Malaysia (USIM)

Abstract
Allah forbade fraud and manipulation of financial transactions in verse 29 Al-Nisa-a Surah. This verse provides at least two dimensions related to the theme of this paper. Firstly, it is considered as an evidence to band managers in practicing earnings management (EM). Secondly, this verse considered as a command to minimize the conflict between stockholders themselves which in turn improve the performance of the business and decrease EM level as well. Hence, this paper seeks to provide a conceptual framework investigating the role of political instability on the relationship between ownership corporate governance mechanisms (CG) and EM in the Palestinian non-financial listed companies. Indeed, the political environment significantly influences the effectiveness of CG. Based on political theory, the political instability can influence the practices of EM and impair the effectiveness of CG mechanisms. CG mechanisms (board of directors characteristics, audit committee characteristics and ownership structure) plays a crucial role in constraining EM practices. In addition, agency theory and political theory were used to develop the hypotheses. Accordingly, it can be observed that the effectiveness of the CG may negatively affected by political instability particularly in Palestine. Unlike most of the previous literatures on the developing countries, this paper uses the political instability as a moderating variable to conceptualize the relationship between CG mechanisms and EM practice.

Keywords
Corporate Governance, Earnings Management, Political Instability, Political Theory, Agency Theory, Palestine

Topic
Islamic Governance and Ethics

Link: https://ifory.id/abstract/H6LhydBzVpxM

Corresponding Author
MONTHER YAHYA ELDAIA

Institutions
a* PhD candidate, Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia [USIM ]
Bandar Baru Nilai, 71800, Nilai, Negeri Sembilan, Malaysia, Email: my.eldaia[at]alaqsa.edu.ps
b Professor of accounting, c Assistant Professor of Finance

Abstract
ABSTRACT Corporate governance (CG) issue remain a continuous process that required an efficient and long-term solution. Using Shariah Committee Quality (SCQ) as a moderating variable on the relationship between board of directors (BOD) characteristics and Malaysian takaful performance is remain an area unexploited in CG research. This relationship can effectively measure by the extent of SCQ interactions between BOD and Malaysian takaful performance. Despite various studies on CG mechanisms, firm performance, SCQ implementation level, and BOD characteristics, the empirical results appeared inconclusive and the findings are inconsistent. None of the studies have addressed the role play by SCQ as a moderator between BOD, and firm performance. It is demonstrated that the SCQ has the potential to moderate between the different BOD characteristics and Malaysian takaful performance, and this moderation has never been reported in the literature. It is expected that this SCQ moderation may considerably improve corporate performance by determining the strength or weakness of the relationship between BOD characteristics and firm performance. Thus, this paper, with regards to available literature, conceptualized that ‘SCQ- moderates the relationship between Board Size, Board Independence, CEO duality, Meting frequency total number of women on the board, and Malaysian takaful performance.

Keywords
Board of Director, Financial Performance, SCQ, Moderating, Malaysian Takaful

Topic
Islamic Governance and Ethics

Link: https://ifory.id/abstract/Ghb74Ex2FdDj

Corresponding Author
Mohammad Abdullah

Institutions
The Markfield Institute of Higher Education

Abstract
Though poverty is a global phenomenon, its concentration in India is greater than any other country. According to World Bank data, almost 30% of the world-s extreme poor were living in India in 2011. As a religious group, Muslims in India are trapped in the incidence of poverty more than other communities except Buddhists. In aggregate terms, one in every three Muslims lives below poverty line in India. Muslims in India are the second largest majority after Hindus. The data on the socio-economic status of Muslims reveals that the community lags behind Hindus in almost all areas including education, government jobs and financial inclusion. Poverty is one of the main reasons for the pathetic condition of the community in the country. As per the available data, 21.7 % of Muslims living in rural areas are in poverty. The incident of poverty is more acute among the Muslims living in urban areas, as the percentage of poor Muslims in urban areas stands at a staggering 33.7%. The average of combined Muslim population below poverty line in rural and urban areas stood at 25.8% by 2009-2010. As a whole, along with being the second largest majority in India, Muslims also constitute the second largest religious group in poverty after Buddhists. This abject condition of the community can be remedied to a great extent if along with other governmental policies, the resources of Waqf (Islamic charitable endowments) are deployed properly with the objective of poverty mitigation in the community. India hosts a massive size and amount of Waqf. There are approximately 4.9 lakh (490,000) registered Waqf properties in the country. The total area that Waqf properties of the country cover is more than six hundred thousand acres. The current market value of all Waqf properties in the country are estimated to be worth more than 1.2 trillion Indian Rupees. According to the some estimates if these properties are put to efficient and marketable use they can generate at least a minimum return of ten per cent. Thus, the role of Waqf institution can be critically important in reducing the poverty of particularly Muslim community. However, partially due to lack of a robust governance structure and also due to rigidity of approach and misapplication, the institution of Waqf remains either static or unresponsive towards the poverty of the community. This paper examines the potential relationship of Waqf and poverty reduction among the Indian Muslims followed by a critical analysis of the religious as well as legal governance structures of Waqf. The paper finds that the rate of poverty among the Muslims in India can be substantially reduced if the available resources of Waqf are deployed through proper planning and with efficiency. The paper is based on qualitative research paradigm and it adopts socio-legal research methodology for the analysis of the available literature. The paper concludes with some critical policy recommendations which may help to provide a road-map for t

Keywords
Poverty, Endowment, Waqf, Philanthropy, Governance, Charity, Socio-economic Empowerment.

Topic
Islamic Governance and Ethics

Link: https://ifory.id/abstract/XV9YU26TJeGb