1 November 2009

The implementation of Mudharabah and Musyarakah financing for the customers of Syariah banks

Banking has been believed as one of aspects that affect a nation’s economic growth. Islamic, or syariah, banking is a system that can respond positively to economic crises. Such endurance has inspired the government of Indonesia to give riset to the existence of syariah banking by promulgating Act No. 21 since 2008. This act contains regulations which deal with syariah banking. The development of syariah banks still needs for improvement in order to support strength and economy. According to the above brief description, the writer presents statements of the problem as the followings: First, how is the principle and implementation of mudharabah and musyarakah financing of the customers of syariah bank?; second, what problems that prevent the implementation of mudharabah and musyarakah financing of the customers of syariah bank?; and third, how is the appropriate solution to overcome these problems? This study used normative juridical approach and analytical descriptive method, and collected its primary data from library study especially in legal sources. In addition to these data, the study also made use secondary and tertiary legal sources. Technique of data collection applied library studies. The collected data were then analyzed under legal theories and empirical approaches. The study resulted in problems that prevented the financial implementation of mudharabah and musyarakah. This situation occurred due to incompetency of human resources available in the syariah banking. Another significant factor that negatively affected was disintegrated fatwa standards for one institution had different principle from the other. Such difference dealt with unstandardized operation and transaction in the syariah bank. Due to such inconsistency, the banking found itself difficult to make a good socialization and promotion to the community. Generally speaking still argued that syariah banking system was similar to that of conventional banking. To this end, there was an urgent need for creating capable professionals to improve the quality of the syariah banking systems. Among others, uniformity of fatwa standards were in supreme priority, both in operation and in transaction. The management of syariah banking had to socialize and promote the syariah banking products to the people as their potential customers.
In conclusion, lack of people enthusiasm to the syariah banking products and systems was caused by their limited understanding and trust to the system. There had to be a clear explanation about the difference in operation and transaction between the syariah and the conventional systems. In addition, socialization and promotion seemed to be important for the future progress of the syariah banking. This efforts were necessary to get the system closer to the people as their potential customers.
Syariah banking had to expand its competitiveness so that it could have a strong bargaining power in the market compared with the conventional banking. Once it was attained, the syariah banking could play more significant role in supporting the nation’s economic development.

Problems facing the Central Java Governor Election 2008

New governor election system, in which local people participate directly into the election, has made a significant change in local political arena of Indonesia. This is due to the fact that such decentralized electoral system has shifted the overwhelming authorities of the Local House of Representatives to a larger, local-wide public space. Such change was a logical consequence of the promulgation of the Act No. 32/2004 on local government in a multi-party political form. It is logical that problems related to direct local leader election eventually involve direct political activities of the people in playing their role as voters. It is particularly important to know the voters’ attitudes in order to understand their will towards the local leadership preference. Voters’ attitudes can determine responses of the candidates to winning or losing their elections. According to this brief explanation, this study attempted to find out factors that affected the loss of Sukawi-Sudharto in the Central Java Governor Election 2008 for Salatiga municipal ballots.
This study used an analytical descriptive approach in order to find out physical progress and frequence of particular social phenomenon that occurred during the election and to give in depth description of such phenomenon. To this end, the study applied such data collection techniques as interview, questioner dissemination, and observation.
The study identified factors that affected the loss of Sukawi-Sudharto in the Central Java Governor Election 2008 in Salatiga Municipality. Firstly, economic background was believed to affect the failure. It was not surprisingly because economic factor had become a key factor to the successful candidates. In other words, economic solutions were among prominent needs of most voters. Secondly, there were conflicting ideas between individuals in the candicacy success team due to disintegrated interests. Thirdly, the candidate duet, especially Sukawi, was suspected to corrupt the Local Expenditure Income Budget during his mayoral administration. The corruption case was widely publicized and, in turn, corrupting the duet’s confidence in competing the race for the Central Java Governor Election held on June 22th, 2008.
The above factors were identified in Salatiga Municipality, where Sukawi-Sudharto only finished third on the voting rank. The Salatiga electoral ballots resulted the following final counts: Bibit Waluyo-Rustriningsih (14,620 votes or 28.08%), Bambang Sadono-HM Adnan (18,305 or 22.11%), Sukawi-Sudharto (14,620 votes or 17.66%), Agus Soeyetno-Abdul Kholiq Arif (13,635 votes or 16.47%), HM Tamzil-Rozaq Rais (12,972 votes or 15.67%).
The study recommended that in order to gain success in the election, candidates need to put their electoral orientation of political commitment and policy on supreme priority since the people as their constituents directly give their aspiration in a common, independent, classified, honest, and fair manners toward peaceful democratization process.
Terima kasih kepada BelajarInggris.Net atas kepercayaannya memilih tulisan saya menjadi salah satu pemenang dalam Lomba Blog 2010.