Private Debt Renegotiation and Financial Institutions’ Network

The various processes of financialisation widen inequalities by increasing incomes for financial sector employees and shareholders, as well as affluent households who hold the concentrated ownership of financial assets. Although interest payments provide a flow of revenue from indebted households to financial institutions, the distributional consequences of such debt-based systems of financialisation remain an under-explored research area. As the financialisation of the British economy has been driven by the widespread adoption of private debt, this econometric analysis examined the effects of changes in household debt on income inequality in Britain between 1966 and 2016. These results demonstrate household debt increases the share of income captured at the top of the income distribution, while increasing inequality between the top and the middle of the income scale. Therefore, the mundane decision to take on household debt has significant distributional consequences, specifically entrenching pre-existing disparate social relations between affluent and less-affluent households in Britain.

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Financial Institutions and Markets

10.1057/9780230617148 ◽

2008 ◽

Cited By ~ 1

Keyword(s):

Financial Institutions

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Shari’ah Audit Disclosure in annual reports: A comparison study between Bahrain and Malaysian Islamic Financial Institutions

Halabja University Journal ◽

10.32410/huj-10232 ◽

2016 ◽

Vol 4 (2) ◽

pp. 202-218

Author(s):

ڕێبوار محمد احمد ◽

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هێمن محمد عزیز ◽

بصيرة ماجيد نجم ◽

◽

...

Keyword(s):

Financial Institutions ◽

Annual Reports ◽

Comparison Study ◽

Islamic Financial Institutions

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Permasalahan Manajemen Usaha Mikro Studi Kasus Pada Pabrik Kerupuk UD. Manunggal Karsa Di Kel. Lebak Bulus Kec. Cilandak Kodya Jakarta Selatan

Liquidity ◽

10.32546/lq.v1i1.159 ◽

2018 ◽

Vol 1 (1) ◽

pp. 81-90 ◽

Cited By ~ 1

Author(s):

Siti Maryama

Keyword(s):

Organizational Structure ◽

Financial Institutions ◽

Raw Materials ◽

Excess Demand ◽

Motor Vehicles ◽

Family Management ◽

Drying Process ◽

Earned Income ◽

Qualitative Descriptive ◽

Bad Weather

The purpose of the study are to (1) review the main problems faced by the factory of Kepuruk Manunggal Karsa (MK), and (2) assessing the entrepreneur attempts to be able to solve the problems faced. The research was carried out using qualitative descriptive design. The results showed that (1) the lack of supply of raw materials as a result of lack of capital. Sequel is due, the difficulty of the plant to meet consumer demand (excess demand). (2), the system of capital used is circulating capital (capital turnover). Earned income used up to finance the operation of the plant. (3) Innovation has been done in the form of deal with bad weather (rain) as an effort of crackers drying process is by using the oven. (4) There has been no cooperation with financial institutions. (5) There is no organizational structure as a modern factory for traditionally managed by family management. (6) Marketing using modes of transportation carts and motor vehicles.

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Application of Statutes of Limitations to Islamic Banking: The Case of Malaysia

The Journal of Muamalat and Islamic Finance Research ◽

10.33102/jmifr.v17i1.260 ◽

2020 ◽

Vol 17 (1) ◽

pp. 56-69

Author(s):

Aishath Muneeza ◽

Zakariya Mustapha

Keyword(s):

Qualitative Research ◽

Financial Institutions ◽

Research Methodology ◽

Islamic Law ◽

Islamic Banking ◽

Legal Action ◽

Qualitative Research Methodology ◽

The Right ◽

Limitation Of Action ◽

Insight Into

Limitations of action designate extent of time after an event, as set by statutes of limitations, within which legal action can be initiated by a party to a transaction. No event is actionable outside the designated time as same is rendered statute-barred. This study aims to provide an insight into application and significance of Limitations Act 1950 and Limitation Ordinance 1952 to Islamic banking matters in Malaysia as well as Shariah viewpoint on the issue of limitation of action. In conducting the study, a qualitative research methodology is employed where reported Islamic banking cases from 1983 to 2018 in Malaysia were reviewed and analysed to ascertain the application of those statutes of limitations to Islamic banking. Likewise, relevant provisions of the statutes as invoked in the cases were examined to determine possible legislative conflicts between the provisions and the rule of Islamic law in governing the right and limitation of action in Islamic banking cases under the law. The reviewed cases show the extent to which statutes of limitations were invoked in Malaysian courts in determining validity of Islamic banking matters. The limitation provisions so referred to are largely sections 6(1)(a) and 21(1) Limitations Act 1953 and section 19 Limitation Ordinance 1953, which do not conflict with Shariah viewpoint on the matter. This study will prove invaluable to financial institutions and their customers alike in promoting knowledge and creating awareness over actionable event in the course of their transactions.

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AKAD FINANCING OF MURABAHAH BETWEEN CUSTOMERS WITH MUAMALAT BANKS HARKAT VIEWED FROM SHARI'AH PRINCIPLES

Bengkoelen Justice : Jurnal Ilmu Hukum ◽

10.33369/j_bengkoelenjust.v10i1.11340 ◽

2020 ◽

Vol 10 (1) ◽

pp. 13-26

Author(s):

Candra Irawan ◽

Adi Bastian ◽

Febrozi Rohadi

Keyword(s):

Data Collection ◽

Financial Institutions ◽

Research Method ◽

Economic Condition ◽

Field Research ◽

Comprehensive Analysis ◽

Islamic Banks ◽

Legal Research ◽

Trading System ◽

Library Research

Currently in Indonesia Islamic Bank has gained a place and interested in the community, causing many emerging Syari'ah Bank and Financial Institutions of the syari'ah, and products in Islamic banks are widely used is murabahah financing. The formulation of the problem in this research are: (1). How is the implementation of the sale and purchase through murabahah financing between Bank Muamalat Harkat with customers. (2). Is trading system murabahah financing between Bank Muamalat Harkat and customers have been according to the principles of Syari’ah. (3). How murabahah financing efforts to resolve the breach between the customer and Muamalat Harkat. This research method is empirical legal research, this study was conducted in Bank Muamalat Harkat based data collection through field research such as interviews, observation and description as well as information from respondents through library research. The results of this research are: before an agreement Bank to assess carefully the prospective customer in the form of a comprehensive analysis and is divided into several stages, such as the assessment using the principle of 5C Character (Character of the debitor), Chapacity (Capability Candidate Debitor) , Capital (Capital candidate Debitor), Collateral (Collateral candidate Debitor) and Condition of economy (economic condition of the prospective Borrower). Trading system murabahah financing between Bank Muamalat Harkat with the customer has not fully based on the principles of the Syari'ah. Murabahah financing efforts to resolve the defaults can be solved by R3 is Restrukturing (Arrangement Back), Reconditioning (Terms Back) and Rescheduling (rescheduling), sales collateral and auction execution.

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