ISLAMIC FINANCE IN THEORY AND PRACTICE A CRITICAL ANALYSIS

Ahmad Maulidizen

Abstract


Abstrak. Analisis Kritis Keuangan Islam: Teori dan Praktik). Keuangan Islam tidak dapat lagi dipengaruhi sebagai satu model keuangan yang masa lampau atau sebagai satu fenomena sekunder dari revivalism Islam. Sekarang ini, Lembaga keuangan Islam telah beroperasi di lebih dari 70 negara. Asset dari bank meningkat lebih dari 40 kali lipat pada 1982 dengan pencapaian lebih dari $200 milyar. Pada tahun 1996 dan 1997 rata-rata mereka mengalami perkembangan dari 24% dan 26% tiap-tiap tahun. Berlandaskan beberapa taksiran, lebih dari setengah tabungan dari dunia Islam di masa mendatang akan diatur oleh lembaga keuangan Islam. Bagaimanapun, pada perkembangan yang telah dicapai, disitu adalah beberapa isu-isu terjadi pada tataran operasional lembaga keuangan Islam. Oleh sebab itu, bahasan di artikel ini akan memaparkan satu analisis kritis dari operasional lembaga keuangan Islam, termasuk; definisi dari lembaga keuangan Islam, sumber-sumber yang dipergunakan sebagai dasar pedoman, pandangan umum tentang keuangan Islam dan pada bagian akhir akan dijelaskan tentang gambaran besar dari keuangan Islam melalui pendekatan pada kontekstual, historikal, komparatif dan multidisiplin.

Kata Kunci: Keuangan Islam, Teori dan Praktik, Analisis Kritis.


Abstract. Islamic Finance in Theory and Practice: A Critical Analysis. Islamic finance can no longer be regarded as an ancient financial model or as a secondary phenomenon of Islamic Revivalism. Nowadays, Islamic financial institutions are already operating in more than 70 countries. The assets of banks increased more than 40 times in 1982 with achievements exceeding $ 200 billion. In 1996 and 1997 they experienced an average growth of 24% and 26% annually. Based on some estimates (perhaps too optimistic) more than half the savings of the Islamic world in the future will be managed by Islamic financial institutions. However, in the development that has been achieved there are several issues occurred in the operation of Islamic financial institutions. Therefore, the discussion in this article will provide a critical analysis of the operation of Islamic financial institutions, including; The definition of Islamic financial institutions, the literature used as the basis, the general perception of Islam and Islamic finance and at the end will be explained about the wide of image Islamic Finance through the emphasis on context, Historical, Comparative and Interdisciplinary approach.

Keywords: Islamic Finance, Theory and Practice, a Critical Analysis.


Keywords


Islamic Finance; Theory and Practice; a Critical Analysis.

Full Text:

PDF 111 - 140

References


al-Ashmawi, Muhammad Sa’id (1990). L’ Islamisme Contre I’Islam. Paris: LaDecouverte.

al-Omar, Fuad and Mohamme Abdel-Haq (1996). Islamic Banking: Theory, Practice and Challeges. London: Zed Books.

Bagehot, Walter (1962). Lombard Street: A Description of the Money Market. Homewood, III: Richard D. Irvin.

Bernstein, Peter (1996). Againts the Gods: the Remarkable Story of Risk. New York: Wiley.

Bill, James A (1989). The Eagle and the Lion: the Tragedy of the American Iranian Relations. Yale University Press.

Binder, Leonard (1988). Islamic Liberalism: A Critique of Development Ideologis. The University of Chicago Press.

Botiveau, Bernard and Jocelyne Cesari (1997). Geopolitique des Islams. Paris: Economica.

Butterworth, Charles E. and I. William Zartman (1992). Political Islam, The Annuals of the American Academy of Political and Social Science (November). p.87

Carre, Oliver (1993). Islam lique ou le retour a la Grande Tradition. Paris: Aemand Cloin.

Dekmejian, R. Hrair (1995). Islam in Revolution. Syracuse University Press.

El-Nagar, Ahmed Abdel Aziz (1980). One Hundred Questions & One Hundred Answers Concerning Islamic Banks. Cairo: International Association of Islamic Banks.

Esposito, John L (1992). The IslamicThreat: Myth or Reality?. Oxford University Press.

Fadel, Muhammad (2009). Shari’a: Islamic Law in Contemporary Contex. Edited by Abbas Amanat and Frank Griffel, Journal of Law and Religion, Vol. XXIV: p. 102.

Faisal (2011). “Rektrukturiasi Pembiayaan Murabahah Dalam Mendukung Manajemen Resiko Sebagai Implementasi Prudential Principle Pada Bank Syariah di Indonesia”, Jurnal Dinamika Hukum, Vol. 11 (3), p. 463-471.

Gresh, Alain (1994). Un peril Islamiste?. Brussels: Editions Complexe.

Haneef, Mohammad Aslam (1995). Contemporary Islamic Economic Thought: A Selected Comparative Analysis. Selangor Malaysia: Ikraq.

Henry, Clement M (1996). The Mediterranean Debt Cresent: Money and Power in Algeria, Egypt, Morocco, Tunisia and Turkey. University Press of Florida.

Hirschman, Albert (1977). The Passions and the Interest: Political Arguments for Capitalism Before Its Triumph. Princeton University Press.

Huntington, Samuel (1997). The Clash of Civilizations and the Remaking of World Order. New York: Simon and Schuster Touchstone.

Jacquard, Ronald (1998). Fatwa contre I’Occident. Paris: Albin Michel.

Karim, Adiwarman (2004). Sejarah Pemikiran Ekonomi Islam. Jakarta: PT. Raja Grafindo Persada.

Kerr, Malcolm (1966). Islamic Reform: the Political and Legal Theories of Muhammad Abduh and Rasyid Rida. University of California Press.

Kotob, Sana Abed (1995). The Accomodationists Speak: Goals and Strategies of the Muslim Brotherhood of Egypt. International Journal of Middle East Studies (27). p. 332.

Kuran, Timur (1986). The Economic System in Contemporary Islamic Thought: Interpretation and Assessment. International Journal of Middle East Studies (18), p. 140.

Lewis, Bernard (1993). Islam and the West. Oxford University Press.

Lustick, Ian S (1998). For the Land and the Lord: Jewish Fundamentalism in Israel. New York: Council on Foreign Relations.

Mallat, Chibli (1993). The Renewal of Islamic Law: Muhammad Baqer al-Sadr, Najaf and the Shi’i International. Cambridge University Press.

Maulidizen, Ahmad (2016). Riba, Gharar dan Moral Ekonomi Islam dalam perspektif sejarah dan komparatif: Satu sorotan literatur, Jurnal Islamiconomic, Vol 7 (2): p. 141-164.

Miller, Judith (1996). God Has Ninety-Nine Names: A Reporter’s Journey Through a Militant Middle East. New York: Simon and Schuster.

Muhammad (2005). Manajemen Pembiayaan Bank Syariah. Yoyakarta: Unit Penerbit dan Percetakan AMP YKPN.

Nasution, Harun (1986). Akal dan Wahyu dalam Islam. Jakarta: UI Press.

Polanyi, Karl (1957). The Great Transformation: the Political and Economic Origins of Our Time. Boston: Beacon Press.

Rahman, Fazlur (1984). Islam and Modernity. University of Chicago Press.

Ray, Nicholas Dylan (1995). Arab Islamic Banking and Renewal of Islamic Law. London: Graham dan Trotman.

Richard, Alan and John Waterbury (1996). A Political Economy of the Middle East. Boulder: Westview Press

Roy, Oliver (1992). L’echec de I’Islam Politique. Paris: Editions du seuil.

Sadowski, Yahya (1996). Just a Religion: for the Tablighi Jama’at, Islam is not totalitarian. Brooking Review Summer (14), p. 3.

Saed, Abdullah (2008). Bank Islam dan Bunga. Yogyakarta: Pustaka Pelajar.

Shepard, William E (1987). Islam and Thelology: Towards a Typology. International Journal of Middle East Studies (19). p. 307-336.

________________ (1996), Muhammad Sa’id al-Ashmawi and the Application of the Shari’a in Egypt. International Journal of Middle East Studies 28 (18): P. 39-58

Tabari, Nima Mersadi (2010). Islamic Finance and The Modern World: The Legal Principles Governing Islamic Finance in International Trade. Journal Company Law, Comp. Law. Vol. 31 (8): p. 249-254.

Taylor, J. Michael (2003), “Islamic Banking The Feasibility of Establishing an Islamic Bank In The United State”, American Business Law Journal, 40 Am. Bus. L. J. 385, p. 387.

Teik, Khoo Boo (1995). Paradoxes of Mahathirism: An Intellectual Biography of Mahathir Mohammed. Oxford University Press.

Thoraval, Yves (1995). Dictionnaire de civilization musulmane. Paris: Larousse.

Udovitch, Abraham L (1977). Bankers without Banks: Commerce, Banking and Society in the Islamic World of the Middle Ages. in Center of Medieval and Renaissance Studies, University of California, Los Angeles. p. 259

Vogel, Frank E. and Samuel L. Hayes (1998). III, Islamic Law and Finance: Religion, Risk and Return. The Hague: Kluwer Law International.

Warde, Ibrahim (1997). Perceptions of Islamic banks among European and American bankers. San Fransisco: IBPC Working Papers.

_____________ (2000). Islamic Finance in the Global Economy. Edinburgh University Press, Edinburgh.

Zubeida, Sami (1989). Islam, The People and the State: Essays on Political Ideas and Movement in the Middle East. London: Routledge.




DOI: http://dx.doi.org/10.32678/ijei.v8i2.68

Refbacks

  • There are currently no refbacks.


----------------------------------------------------------------------------------------------------------------------------------------------------------------------

INDEXED BY:

 

----------------------------------------------------------------------------------------------------------------------------------------------------------------------

Free counters!

----------------------------------------------------------------------------------------------------------------------------------------------------------------------

© Copyright of ISLAMICONOMIC: Journal Ekonomi Islam 2019 (P-ISSN: 2085-3696, E-ISSN: 2541-4127)

     Creative Commons License