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Two Sides: Development of Non-Bank Islamic Financial Institutions in Indonesia Cahyani, Binda Rahma; Arif, Muhammad; Sudirman, Wahyu Febri Ramadhan; Fithriyana, Rinda; Reza, Saru
Journal of Financial and Business Vol 1 No 2 (2025)
Publisher : Global Sustainability Research Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/jfb.v1i2.29

Abstract

This study aims to identify challenges and opportunities in developing Non-Bank Islamic Financial Institutions (LKSNB) in Indonesia. With the increasing public interest in Sharia-based financial services, LKSNB has great potential to become an important pillar in supporting the growth of the sharia economy. The research method used is literature study and descriptive analysis, regarding secondary data from various reports of related institutions and academic literature. The results of the study indicate that the main challenges faced by LKSNB include low sharia financial literacy among the public, regulations that do not fully support the development of LKSNB, and limited human resources who have special competence in the field of sharia finance. On the other hand, great opportunities arise from the growth of the global sharia economy, government support through various policies, and increasing public awareness of the importance of a financial system based on sharia principles.
The Role of Baitul Maal Wat Tamwil (BMT) in Community Economic Empowerment Ramadhan, Al Insani Mutiara; Zaim, Muhammad; Hermawati, Sela; Sudirman, Wahyu Febri Ramadhan; Syaipudin, Muhammad
Journal of Financial and Business Vol 1 No 2 (2025)
Publisher : Global Sustainability Research Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/jfb.v1i2.30

Abstract

This study aims to examine the role of Baitul Maal wat Tamwil (BMT) in empowering the community's economy, especially in areas with low levels of economic welfare. BMT as a sharia-based microfinance institution has two main functions: a social fund management institution (Baitul Maal) and a commercial financial institution (Baitul Tamwil). This study uses a qualitative approach with a case study method on several BMTs in the research area. Data were collected through in-depth interviews, observations, and documentation, then analyzed using thematic analysis techniques. The study results indicate that BMT has contributed to improving the community's standard of living through micro-business financing, entrepreneurship training, and management of social funds in the form of zakat, infaq, and sedekah. In addition, BMT also plays a role in strengthening the community's social capital by encouraging active participation in community-based economic activities. The obstacles BMT faces in economic empowerment include limited capital, lack of financial literacy in the community, and challenges in maintaining sharia principles amidst competition from conventional financial institutions.
Liquidity Risk Management in Islamic Banks in The Digital Era Andini, Bunga; Rizki, Syafnur Muhammad; Sudirman, Wahyu Febri Ramadhan
Journal of Financial and Business Vol 1 No 2 (2025)
Publisher : Global Sustainability Research Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69693/jfb.v1i2.34

Abstract

This study discusses liquidity risk management in Islamic banks in the digital era, focusing on strategies implemented to maintain financial stability amidst technological developments. Digital transformation in the banking industry brings opportunities and challenges, including increasing service efficiency and more complex liquidity risks due to changes in transaction patterns and customer preferences. This study uses a quantitative approach with secondary data analysis from Islamic bank financial reports and relevant liquidity indicators. The results of the study indicate that the application of financial technology (fintech) and digital-based risk management strategies can improve the liquidity resilience of Islamic banks. In addition, the optimization of Islamic financial instruments, such as Sukuk and Sharia-based interbank markets, is a key factor in maintaining liquidity balance. Thus, this study provides insight for Islamic banking regulators and practitioners in designing policies that are adaptive to digital changes to strengthen the resilience of the Islamic banking sector.