The history of Islamic banking in Indonesia reflects the dynamics of the aspirations and desires of the people of Indonesia itself to have an alternative banking system implement systems for a favorable outcome for the customer and the bank. Pioneering practice of Islamic banking started in the early 1980's, as the process of finding an alternative banking system characterized by the principles of transparency, fairness, balance, and ethical. As a test, together with the academics and then tried to practice the idea of Islamic banks on a small scale, such as the establishment of Bait Al-Tamwil Salman at the Institute of Technology Bandung and Jakarta Cooperative Ridho Gusti. The presence of non-financial enterprises bank trying to apply the concept for this result shows that the people of Indonesia requires the presence of an alternative Islamic financial institutions to complete the service by conventional financial institutions that already exist. Observing the growing aspirations of the people of Indonesia to have Islamic financial institutions, the religious leaders who are members of the Indonesian Ulema Council then follow the aspirations of the community by conducting an exploration of the concepts of Islamic finance including Islamic banking system. On 18-20 August 1990, held a workshop MUI Bank Interest and Banking in Cisarua, Bogor, West Java. The results of the workshop are then discussed in more detail in the Fourth National Congress of MUI in Jakarta on August 22 to 25, 1990, resulting in the formation of a working group mandated the establishment of the first Islamic bank in Indonesia. The working group called MUI Banking team in charge of follow up concretely the aspirations and desires of the community as well as perform a variety of preparation and consultation with all stakeholders. The work of the Team Banking MUI is the establishment of PT Bank Muamalat Indonesia (BMI). BMI deed was signed on 1 November 1991 and BMI began operations May 1, 1992. In addition to BMI, another pioneer of Islamic banking is rural banks Mardhatillah Fund and Rural Prosperity Blessings Charity founded in 1991 in Bandung, which was initiated by the Institute for Economic Development Sharia (ised). Support the Government in developing the Islamic banking system is further seen by the issuance of legal devices that support the operational system of Islamic banks, namely Law. 7 of 1992 and Law no. 72 of 1992. This provision marks the beginning of an era of dual banking system (dual banking system) in Indonesia, namely the operation of the conventional banking system and the banking system with the principle of sharing. In the dual banking system, the banking system both synergistic and together to meet community needs for products and services of Islamic Propagation Containers "WADI" banking, as well as support for the financing of the national economy sectors. Furthermore, through amendments to Law No. 7 of 1992 on Banking into Law No. 10 of 1998, the existence of the Islamic banking system increasingly driven development. Under Act 10 of 1998, Conventional Banks are allowed to conduct business based on sharia principles, namely through the opening UUS (Sharia). The law also for the first Islamic bank name was officially replaced the term bank for hasilyang been used since 1992. In the course of time, experience shows that the Islamic banking system has become one of the solutions to help boost the national economy from the economic and monetary crisis in 1998. Islamic banking system proved to be supporting the national financial system as it passes through the shock. Ability was further reinforce the position of the Islamic banking system as a potential pillar of the national economy to be reckoned with. In the end, the Islamic banking system to be established by Bank Indonesia is the modern Islamic banking, which is universal and open to all Indonesian people without exception. With distinctive positioning of Islamic banking as more than just a bank'''' (beyond banking), the bank that provides financial products and services are more diversified and supported by financial schemes are more varied, it is believed that in the future will be higher interest people of Indonesia to use Islamic banks. And in turn, this will increase the significance of the role of Islamic banks in supporting the stability of the national financial system, together synergistically with conventional banks in terms of Dual Banking System (dual banking system) Indonesian Banking Architecture (API). The market share of Islamic banks to conventional banks getting bigger. If the growth rate of Islamic banks rapidly increasing, it is not impossible to achieve or even exceed the target asset Islamic Bank 5% of national banking assets in 2011, as stated in the blueprint (blueprint) the development of Islamic banking from Bank Indonesia.
Saturday, October 20, 2012
The birth of Islamic Banking in Indonesia
The history of Islamic banking in Indonesia reflects the dynamics of the aspirations and desires of the people of Indonesia itself to have an alternative banking system implement systems for a favorable outcome for the customer and the bank. Pioneering practice of Islamic banking started in the early 1980's, as the process of finding an alternative banking system characterized by the principles of transparency, fairness, balance, and ethical. As a test, together with the academics and then tried to practice the idea of Islamic banks on a small scale, such as the establishment of Bait Al-Tamwil Salman at the Institute of Technology Bandung and Jakarta Cooperative Ridho Gusti. The presence of non-financial enterprises bank trying to apply the concept for this result shows that the people of Indonesia requires the presence of an alternative Islamic financial institutions to complete the service by conventional financial institutions that already exist. Observing the growing aspirations of the people of Indonesia to have Islamic financial institutions, the religious leaders who are members of the Indonesian Ulema Council then follow the aspirations of the community by conducting an exploration of the concepts of Islamic finance including Islamic banking system. On 18-20 August 1990, held a workshop MUI Bank Interest and Banking in Cisarua, Bogor, West Java. The results of the workshop are then discussed in more detail in the Fourth National Congress of MUI in Jakarta on August 22 to 25, 1990, resulting in the formation of a working group mandated the establishment of the first Islamic bank in Indonesia. The working group called MUI Banking team in charge of follow up concretely the aspirations and desires of the community as well as perform a variety of preparation and consultation with all stakeholders. The work of the Team Banking MUI is the establishment of PT Bank Muamalat Indonesia (BMI). BMI deed was signed on 1 November 1991 and BMI began operations May 1, 1992. In addition to BMI, another pioneer of Islamic banking is rural banks Mardhatillah Fund and Rural Prosperity Blessings Charity founded in 1991 in Bandung, which was initiated by the Institute for Economic Development Sharia (ised). Support the Government in developing the Islamic banking system is further seen by the issuance of legal devices that support the operational system of Islamic banks, namely Law. 7 of 1992 and Law no. 72 of 1992. This provision marks the beginning of an era of dual banking system (dual banking system) in Indonesia, namely the operation of the conventional banking system and the banking system with the principle of sharing. In the dual banking system, the banking system both synergistic and together to meet community needs for products and services of Islamic Propagation Containers "WADI" banking, as well as support for the financing of the national economy sectors. Furthermore, through amendments to Law No. 7 of 1992 on Banking into Law No. 10 of 1998, the existence of the Islamic banking system increasingly driven development. Under Act 10 of 1998, Conventional Banks are allowed to conduct business based on sharia principles, namely through the opening UUS (Sharia). The law also for the first Islamic bank name was officially replaced the term bank for hasilyang been used since 1992. In the course of time, experience shows that the Islamic banking system has become one of the solutions to help boost the national economy from the economic and monetary crisis in 1998. Islamic banking system proved to be supporting the national financial system as it passes through the shock. Ability was further reinforce the position of the Islamic banking system as a potential pillar of the national economy to be reckoned with. In the end, the Islamic banking system to be established by Bank Indonesia is the modern Islamic banking, which is universal and open to all Indonesian people without exception. With distinctive positioning of Islamic banking as more than just a bank'''' (beyond banking), the bank that provides financial products and services are more diversified and supported by financial schemes are more varied, it is believed that in the future will be higher interest people of Indonesia to use Islamic banks. And in turn, this will increase the significance of the role of Islamic banks in supporting the stability of the national financial system, together synergistically with conventional banks in terms of Dual Banking System (dual banking system) Indonesian Banking Architecture (API). The market share of Islamic banks to conventional banks getting bigger. If the growth rate of Islamic banks rapidly increasing, it is not impossible to achieve or even exceed the target asset Islamic Bank 5% of national banking assets in 2011, as stated in the blueprint (blueprint) the development of Islamic banking from Bank Indonesia.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment