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Dynamics of the Financial Stability of Islamic Banking in Malaysia: Current Perspective Analysis Isamail, Mohamad Zaim; Rosele, Muhammad Ikhlas; Md. Ariffin, Mohd Farhan; Jailani, Munawar Rizki; Ismail, Syaimak
Al-Risalah Vol 20 No 2 (2020): December 2020
Publisher : Fakultas Syariah UIN Sulthan Thaha Saifuddin Jambi, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (596.222 KB) | DOI: 10.30631/alrisalah.v20i2.599

Abstract

This article discusses the financial stability of Islamic banking in Malaysia by focusing on the analysis of current perspectives. In addition, it also discusses the references used to describe Islamic-based financial stability. To achieve this objective, this study would analyse the resources to ascertain the arguments on how such financial stability is viewed from an Islamic perspective. This study was conducted using a qualitative method through library research by searching for references from sources such as al-Qurʼan and its interpretation, al-Hadith of the Prophet Muhammad peace be upon him and also arguments by Islamic scholars. The results of this study showed that certain texts in al-Qurʼan and al-Hadith, as well as the views of scholars, acknowledge that financial stability has a strong foundation based on authentic sources. In the context of Islamic banking in Malaysia, various aspects need to be taken into account to ensure that these banking institutions continue to remain relevant in the domestic and international financial arena. In this regard, to ensure the stability and strength of Islamic banking institutions in Malaysia, these institutions need to fully adapt the banking model recommended by the shariʻah, which would not only strengthen this industry but also make it capable of facing challenges and being resistant to financial crises and economic imbalances.
Maslahah Mursalah: Pendekatan Alternatif Perbankan Syariah dalam Menyelesaikan Krisis Kemanusiaan Rohingya di Aceh: Maslahah Mursalah: An Alternative Approach for Islamic Banks to Addressing the Rohingya Refugee Crisis in Aceh, Indonesia Jailani, Munawar; Abdou, Ousmane Salifou; Danial; Armanda, Dicky; Mardika, Andi; Isamail, Mohamad Zaim
IQTISHODUNA: Jurnal Ekonomi Islam Vol. 14 No. 1 (2025): April
Publisher : Department of Sharia Economics Faculty of Islamic Economics and Business, Universitas Islam Syarifuddin Lumajang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54471/iqtishoduna.v14i1.2856

Abstract

The humanitarian crisis for Rohingya refugees in Aceh has reached its worst levels. Various institutions have attempted to address this crisis, including Islamic banks; however, due to regulations and policies, these institutions are limited in their ability to provide further assistance. This article explores the concept of maslahah mursalah as an alternative approach to policymaking that Islamic banks can use to help alleviate the humanitarian crisis affecting Rohingya refugees in Aceh. This research uses a qualitative descriptive approach. Primary data sources include books discussing the interests of two reformers, while secondary data was collected from newspapers, books, and articles examining Islamic banking in Aceh and issues facing the Rohingya community. The findings of this study indicate that: (1) the principle of maslahah is an Islamic principle that can serve as a basis for Islamic banks to develop policies aimed at assisting the Rohingya in Aceh, as this urgent need is not currently being addressed by these banking institutions. (2) The humanitarian crisis of Rohingya refugees in Aceh is considered a necessary need, according to the definitions established by scholars such as Al-Ghazali, Ibn Ashour, and Al-Shatibi. (3) We believe that the humanitarian crisis of Rohingya refugees in Aceh can be addressed by Islamic banks, which include 28 banks — seven Sharia commercial banks, six Sharia business units, and 15 people's credit banks — from corporate social responsibility funds to help 1,104 Rohingya refugees who are sheltered in four locations across Aceh: Bedi, Sabang, North Aceh, and East Aceh.
Dynamics of the Financial Stability of Islamic Banking in Malaysia: Current Perspective Analysis Isamail, Mohamad Zaim; Rosele, Muhammad Ikhlas; Md. Ariffin, Mohd Farhan; Jailani, Munawar Rizki; Ismail, Syaimak
Al-Risalah Vol 20 No 2 (2020): December 2020
Publisher : Fakultas Syariah UIN Sulthan Thaha Saifuddin Jambi, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30631/alrisalah.v20i2.599

Abstract

This article discusses the financial stability of Islamic banking in Malaysia by focusing on the analysis of current perspectives. In addition, it also discusses the references used to describe Islamic-based financial stability. To achieve this objective, this study would analyse the resources to ascertain the arguments on how such financial stability is viewed from an Islamic perspective. This study was conducted using a qualitative method through library research by searching for references from sources such as al-Qurʼan and its interpretation, al-Hadith of the Prophet Muhammad peace be upon him and also arguments by Islamic scholars. The results of this study showed that certain texts in al-Qurʼan and al-Hadith, as well as the views of scholars, acknowledge that financial stability has a strong foundation based on authentic sources. In the context of Islamic banking in Malaysia, various aspects need to be taken into account to ensure that these banking institutions continue to remain relevant in the domestic and international financial arena. In this regard, to ensure the stability and strength of Islamic banking institutions in Malaysia, these institutions need to fully adapt the banking model recommended by the shariʻah, which would not only strengthen this industry but also make it capable of facing challenges and being resistant to financial crises and economic imbalances.