Meera, Ahamed Kameel Mydin
Faculty of Islamic Economics and Business UIN Ar-Raniry

Published : 2 Documents
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STRATEGY OF FINANCIAL INCLUSION DEVELOPMENT IN INDONESIA

Share: Jurnal Ekonomi dan Keuangan Islam Vol 6, No 1 (2017)
Publisher : Faculty of Islamic Economics and Business UIN Ar-Raniry

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Abstract

The objective of financial inclusion (FI) to facilitate people include the poor able to access financial assistances. It is international institution conducted World Bank. Indonesia rate of FI is 32 %, this means 68% of the poor are not touched by any financial services. The average in the world FI is just 50%. FI is very important to Indonesia as the poverty Indonesia is still high (59%). FI movement in Indonesia is just started formally in 2015. Government vision, mission, and concept have been established, however, the model of FI implemented in Indonesia does not develop properly. Currently, the most literature and practices are just partial. The research on geographic and community based is being ignored. Hence, this research aims to develop a suitable model for Indonesia that is very heterogeneous in term of areas, values, traditions, customs, communities, and local wisdom. This research is a qualitative approach by conducting an interview with the stakeholders. A deductive method is used to explore and to design the proposed model. Besides that, the research employs IDC approach to design the framework. IDC includes intelligence, design, and choice. The result offered three scenarios; the appropriate model is community-based, then, a standard global model of FI, and finally, mobile payment system based on gold as a measurement of value. The using of ICT is possible, it is because ICT has been recently developed into a digital sustainable collaborative networking (DCN) platform, and it is expected to be capable of demonstrating the building of social and economic welfare, particularly in crafting innovations to facilitate marginal society. Moreover, by accommodating the community model which is implemented together with the two models will strengthen to national unity. =========================================== Inklusi keuangan adalah gerakan global dibawah program World Bank untuk membuat orang miskin mampu mengakses layanan keuangan. Tinkat pencapaian inklusi keuangan di Indonesia mencapai 32 %, ini berarti 68% orang miskin tidak terjangkau oleh layanan keuangan sedangkan rata-rata di dunia hanya 50%. Selain itu, angka kemiskinan di Indonesia adalah 59%. Oleh karena itu, Inklusi Keuangan sangat mendesak bagi Indonesia untuk mengatasi masalah ini. Sementara itu, di Indonesia, hal tersebut baru dimulai dengan mengadopsi sistem pembayaran mobile, konsep visi dan misi telah diatur oleh pemerintah. Saat ini, sebagian besar literatur dan praktek berjalan parsial. Sedangkan penelitian tentang geografis dan berdasarkan masyarakat diabaikan. Oleh karena itu, penelitian ini bertujuan untuk mengakomodasi spesialisasi Indonesia yang sangat heterogen dalam hal daerah, nilai-nilai, tradisi, adat, masyarakat, dan kearifan lokal. Penelitian ini adalah pendekatan kualitatif dengan melakukan wawancara kepada para pemangku kepentingan, metode deduktif digunakan untuk mengeksplorasi dan merancang model yang diusulkan. Hasilnya ditawarkan dalam tiga skenario; model yang sesuai berbasis masyarakat, kemudian model standar global inklusi keuangan, dan akhirnya, sistem pembayaran mobile berbasis emas sebagai pengukuran nilai. Dengan mengakomodasi model masyarakat yang diimplementasikan bersama-sama dengan dua model akan memperkuat persatuan nasional.

ISLAMIC GOLD DINAR: THE HISTORICAL STANDARD

International Journal of Islamic Economics and Finance (IJIEF) Vol 1, No 1 (2018): IJIEF Vol 1 (1), July 2018
Publisher : Universitas Muhammadiyah Yogyakarta

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Abstract

Lately, there have been questions on what the standards for gold dinar and silver dirham should be.  Since the dinar and dirham indeed formed the Shari’ah monetary standards from the time of the Prophet pbuh, our work can, therefore, only involve in the rediscovery of that classical standard.  Henceforth no parties or organizations can come up with their own standards. Since the Islamic gold dinar[1] did not come into existence until about 50 years after the Prophet’s pbuh demise, it is obvious from history that the solidus of the Eastern Roman Byzantine Empire was the monetary basis for the Shari’ah.  Hence the best way to determine the standard is to look at the definition given by its issuer, the Byzantine Empire.  Coins unearthed by archeologist cannot be relied upon for this purpose because such coins generally suffer from wear and possible tempering like clipping etc.  It was found that the actual historical standard for the dinar to be 4.5gm of pure gold and the dirham to be 3.15gm of pure silver.  However, since the role of dinar is simply as a measure of value that depends on the gold-content of the coin and if zakat is based upon 1-year’s provision of foodstuff and not the physical weight of dinars, then the 4.25gm dinar of pure gold and 2.975gm dirham of pure silver, as those circulated during the Prophet’s pbuh era, is the standard since the Prophet had said, “The system of weights and measures is the system of the people of Medina.