Economia: Journal of Economics and Management

Barriers of Implementing Balanced Scorecard in Jordan: a Case Study of Jordanian Banks

Abd Al-Rahman Jaradat, Syamsul Azri bin Abdul Rahman — Tue, 05 Jul 2022 00:00:00 +0700

This study aimed to find the existing barriers facing Balanced Scorecard implementation as a performance measurement and management tool in the Jordanian banks. Qualitative research semi-structured interviews were conducted with nine Jordanian commercial bank managers using open-ended questions. The data was analyzed using cross-case analysis. The study showed that lack of top management support, absence of employee participation, inefficient communication between employees and between management levels, lack of knowledge, lack of information technology support, limited education and training, employee resistance, and insufficient funds were the existing challenges in Jordanian bank which would affect the strategy implementation.

Examination of Islamic law of Inheritance [Miraath] in Kwara State Lower Courts

Muhammad Jumat Dasuki — Tue, 05 Jul 2022 00:00:00 +0700

The Islamic law of Inheritance has been pre-ordained by Allah (S.W.T.) in a wise and gradual manner. It has determined the rulings and methods to distribute inheritance among all beneficiaries with the purpose to act fairly to all levels of beneficiaries and to avoid discrepancies among them. Among Muslims today internecine scramble for the distribution of the property of a deceased person has become a serious societal problem that requires profound attention. The struggle over inheritance of property has pitted children of the same father against each other. Conflicts among Muslims over inheritance have resulted in unrest in the society. It is observed that the crises sometimes arise because of issuance of wrong rulings by the Alfas called to distribute the estate or by Qaadis especially at juridical Courts of lower status. Therefore this work examines the application of Islamic inheritance system in Lower Courts of Kwara State by comparing and contrasting the methodologies applied by the individual Court in the study areas with the laid down Islamic principles of Islamic law of inheritance. It also appraises the correctness or otherwise of inheritance cases decided upon by the Area Courts in Kwara State. The paper applies analytical and historical approaches for this study as well as library sources as a tool of sourcing for information and concludes with useful recommendations.

Implementasi Akad Pembiayaan Syariah pada Gadai

Ikhsan Fajri, Muksal — Tue, 05 Jul 2022 00:00:00 +0700

Kehadiran instrumen lembaga keuangan syariah di tuntut dapat terus bersinergi serta memberikan pola-pola serta gagasan baru dalam merekontruksi gagasan terdahulu dengan konteks ke kinian sehingga kehadiran instrumen keuangan syariah menjadi nyata serta dapat di nikmati dan diaplikasikan oleh generasi saat ini.Dalam penelitian ini, peneliti menggunakan metode penelitian kualitatif.Tujuan dari penelitian ini yakni mengenai identifikasi implementasi Akad Syariah pada Gala. Pendekatan penelitian yang digunakan dalam penelitian kali ini adalah pendekatan fenomenologis.Jenis data yang digunakan dalam penelitian kali ini adalah data primer.Untuk teknik pengumpulan data ini peneliti menggunakan wawancara dan observasi.Praktik gala tradisional yang terdapat dalam kehidupan masyarakat Aceh Barat Daya dibangun secara turun-temurun sejak abad ke 16 sampai saat ini mendekati pada pola akad yang ada dalam sistem ekonomi Islam dimana salah satunya adalah akad mudharabah, akad ini diharapakan dapat menjadi solusi alternatif bagi dunia keuangan syariah kedepan untuk pembiyaan yang bersifat produktif yang diangkat dari praktek bisnis masyarakat pedalaman Aceh Barat Daya yang bersifat local wisdom.

Islamic Banking and Global Financial Crises: A Review of Liquidity Risk Management

AbdulFattah AbdulGaniyy, Ibraheem Alani AbdulKareem — Tue, 05 Jul 2022 00:00:00 +0700

The objective of this conceptual paper is to describe the resilience of Islamic banks during the 2008 and 2009 global financial meltdown. The growth of complex financial instruments which was aimed at spreading risk actually increased instability due to market fluctuations and speculative activities resulted to the Global Financial Crisis (GFC). Inadequate liquidity is the immediate cause of financial meltdown. The paper reviews the causes of liquidity risk in Islamic banks which is based on Shariah (Islamic Law) that prohibits charging of interest in business transactions. The study highlights the challenges of Islamic banks on liquidity in spite of its resilience during the crisis. Major causes of liquidity risk in Islamic banks were also discussed. The paper concludes with managerial and policy implications and the need to address the problem of managing liquidity risk in Islamic banks against possible future financial crisis.

Konsep Gharar dan Maysir dan Aplikasinya pada Lembaga Keuangan Islam

Ar Royyan Ramly — Tue, 05 Jul 2022 00:00:00 +0700

Tulisan ini bertujuan menganalisa dan memberikan pemahaman kepada kita tentang aplikasi gharar dan maysir dalam lembaga keuangan. Seperti halnya lembaga keuangan syariah harus menghindari komponen gharar dan maysir dalam aplikasi pembiayan maupun pendanaan dalam lembaga keuangan syariah. Gharar sering di kaitkan dengan sebuah resiko atau bahaya yang dihadapi dalam sebuah kegiatan transaksi atau investasi, komponen gharar sendiri dapat kita lihat dalam dua bagian yaitu gharar fahisy dan gharar yasir. Sedangkan maysir komponen yang hampir serupa dan aplikasi pembiayaan yang dihadapi oleh lembaga keuangan syariah. Maysir sering dihadapi dengan kondisi spekulasi pada saat melakukan investasi baik di pasar modal dan pasar uang, sehingga menyebabkan salah satu pihak merasa dirugikan atau terzalimi. Oleh karenanya kedua komponen gharar dan maysir harus dihindari dalam aplikasi lembaga keuangan syariah.