M. Fabian Akbar
Universitas Muhammadiyah Yogyakarta

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Application of Sharia Principles in Sharia Financial Institutions Fadia Fitriyanti; M. Fabian Akbar; Andi Pramudya Syamsu; Reksa Fikri Nurhaifa
Fiat Justisia: Jurnal Ilmu Hukum Vol 17 No 2 (2023)
Publisher : Universitas Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25041/fiatjustisia.v17no2.2849

Abstract

This study analyzes related to Islamic Financial Institutions (LKS). Which currently exists and is growing quite rapidly. There have been numerous variations of LKS throughout Indonesia, including Islamic institutions. LKS is a financial institution that operates following Sharia law. LKS, a financial institution with Sharia principles, was originally present as an option and a solution for Muslims who want to avoid the practice of conventional banks or financial institutions. LKS was originally offered as a sharia-compliant financial organization for Muslims who want to escape the practice of banks or traditional financial institutions that use the interest system, but they can also be a choice for non-Muslims. Therefore, there are problems why the application of Sharia principles by LKS is an urgent problem and what are the conditions for applying Sharia principles by LKS. The research method used is normative legal research with a case approach. The study results indicate that the LKS organizer is expected to have a vision in which the LKS remains in the principles of Sharia.
The Financial Balance Policy Between Central and Local Government: Toward More Just Financial Allocation M. Fabian Akbar; Irvan Mareto; Alfido Fiqri Arsy Adhiem; Ayi Dudi Firdaus; Adriana Maisarah binti Mohd Farid
Yuridika Vol. 38 No. 2 (2023): Volume 38 No 2 May 2023
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/ydk.v38i2.42904

Abstract

Government finance policy in Indonesia has become an issue that leads to corruption in Indonesia. Remembering that Indonesia is a unitary rather than a parliamentary country, the financial distribution must come from the center of the government, which in most cases leads to corruption since the allocation of the finance does not arrive in the hands of the local government based on the real number. It is interesting to discuss the system that governs the financial distribution from the central government to the local government, and the problems that arise within the system itself. This paper will discuss the financial distribution system from the central government to the local government, as well as the problems that arise within the system that has been used by Indonesia since its establishment. In addition, an example of a case will be discussed here to provide a deeper understanding of the readers. Therefore, a good understanding towards the idea of financial balance between central and local governments will be achieved by the readers.