Ikonomika : Jurnal Ekonomi dan Bisnis Islam
Vol 9, No 1 (2024)

Lessons Learn From Islamic Banking in Aceh: Analysis of The Emergence, Growth and Prospects of Single Banking Sistem

Jailani, Munawar Rizki (Unknown)
Bin Mohamad, Mohammad Taqiuddin (Unknown)
Danial, Danial (Unknown)



Article Info

Publish Date
27 May 2024

Abstract

Banking in Aceh, one of the provinces in Indonesia, has a unique system known as the single banking system. This article aims to explore the emergence, growth, and prospects of this system in Aceh. The research was conducted using primary and secondary data sources. Primary data was obtained through interviews with experts consisting of academics, bankers, and Islamic banking observers in Aceh. Meanwhile, secondary data was obtained from published and unpublished documents. The research results reveal that the Qanun for Sharia Financial Institutions introduced a single window system in Aceh in 2018. However, the implementation of this system faces significant challenges due to the lack of banking infrastructure and human resources. Despite its potential benefits, the prospects for a single banking system remain uncertain as it could lead to a monopoly of banking services, given the limited banking services currently available. Nevertheless, the single banking system has the potential to increase efficiency and simplify processes, making banking services more accessible and convenient for customers in Aceh.

Copyrights © 2024






Journal Info

Abbrev

IKONOMIKA

Publisher

Subject

Economics, Econometrics & Finance

Description

IKONOMIKA: focused on primary studies: Islamic management, Islamic finance, Islamic Accounting, Islamic banks, and halal markets, has initiated the development of global economic advantages. Islamic based economics could not be seen as independent variable standing on side-by-side with conventional ...