Vol. 1 No. 1 (2018): Al-Musthofa: Journal of Sharia Economics

Sharia economy has experienced quite rapid development in Indonesia. Its development occurs in the conceptual and practical context. The rise of financial institutions that use sharia principles and various scientific forums carried out studies that are concentrated in the field of sharia economics, even sharia economics sped into a program of one of the leading studies, especially in Islamic-based universities. This study aims to describe the development of Islamic economics in Indonesia in the context of hope and optimism. Hope and optimism studies are psychology-based studies that emphasize positive things in achieving goals. The focus of this study is to explain how the expectations and optimism of Islamic economics in Indonesia. The results of the study show that the belief in the future of the Islamic economy is based on optimism. Strong optimism for the future of the Islamic economy is supported by a responsive view of economic changes in the midst of society.

Economics in the perspective of Islam is not only aimed at finding material but also non-material. Economics in Islam must be professionally managed and compatible with Islamic values ​​because economics in Islam has two dimensions: vertical and horizontal. Therefore, the Koran has offered the concept of economics without loss (tijarah lan tabur) for all entrepreneurs, namely despite losing financially, but generating profits in the form of religious awards. Thus, this kind of economy can only be obtained by carefully observing the vertical and horizontal dimensions of the economy in Islam. Based on this view, the author emphasizes that the Islamic economic system needs to be fulfilled by human dimensions in all economic fields such as production, consumption, distribution, and circulation. This article tries to identify the application of humanitarian principles to the Islamic economic system.

It’s a synchronic analysis based on the data 2010-15. The purpose of this study is to analyze the influence of Indonesia hajj sukuk funds (Sukuk dana haji Indonesia -SDHI- or syariah obligation), Inflation, rupiah exchange rate, and third party funds toward Islamic banking financial performance in Indonesia for the period 2010 to 2015 which is proxied by return on assets (ROA) partially and simultaneously. The method applied in this research is multiple regressions linear.

The research using secondary data based on 5 years finance report by purposive sampling and obtained six Islamic bank which meet the criteria, those are Bank Muamalat Indonesia, Bank Syariah Mandiri, BRISyariah, Bank Mega Syariah, Bank Syariah Bukopin, and BCA Syariah. This study uses pooled ordinary least square (POLS) or panel data of eviews 7 as a tool analysis.

The results show that are simultaneous influence of variable sukuk hajj funds, inflation, rupiah exchange rate, and third party fund toward return on assets of Islamic banking. The result also show there is a significant partially influence that rupiah exchange rate has a negative effect and significant toward return on assets of Islamic banking. Third party funds has a positive effect and significant on return on assets of Islamic banking. Whereas Indonesia hajj sukuk funds and inflation have no significant effect toward return on assets of Islamic banking.

Indonesia hajj Sukuk fundsis expected to help the liquid of Islamic banking as well, so it can improve the function of the bank intermediary to the public perfectly.

Bank Runs appearas the effect of mismaturity match for banking industries to keep their own liquidity. This condition causes and makes depositors withdraw their own money out of their banks massively. This has been a global cycling phenomenon, besides banking crisises, that needs to be noticed by banking industries. This research aims to detect and analyse the determinants of bank runs either from bank fundamental factors or macroeconomic fundamental factors in 2004-2016 by using panel data regression with Fixed Effect Method (FEM). This result shows that both bank fundamental factors which are CAR and ROA have significantly negative and positive effects to bank runs. Moreover, LNT as one of the the macroeconomic fundamental factors, also has a significantly negative effect too to bank runs. This is also strengthened by Market Discipline as its Moderating Variable.

Costumer satisfaction is partly determined by the quality of service. Development of human resources in sharia financial institutions needs to be done in order to serve customers professionally. The development of sharia human resources is done with several strategies. The long term sharia human resource development strategy is done by involving external parties such as universities in the provision of professional sharia human resources. Meanwhile, short term strategy is done by applying sharia human resource developmenttechniques applied during staff work. The selection of appropriate strategies is done by adjusting the conditions and objevtives of the institution. Sharia human resource development strategies should be sustainable.