scholarly journals The Possibility of Implementing Mushārakah Mutanāqiṣah Contract in Home Financing at Hong Leong Islamic Bank

2020 ◽  
Author(s):  
International Journal of Fiqh and Usul al-Fiqh Studies
Keyword(s):  
Product Development ◽  
Field Study ◽  
Theoretical Aspect ◽  
Islamic Banks ◽  
Islamic Bank ◽  
The Subject ◽  
Development Department ◽  
Do So ◽  
Product Development Department

Mushārakah Mutanāqiṣah (MM) or Diminishing Partnership is one of the financing contracts that comply with Shariah and many Malaysian Islamic banks have introduced this mode of contract into their home financing product except Hong Leong Islamic Bank and some other Islamic banks who have not yet done so. Thus, this research intends to study the possibility of offering MM contract in Islamic Home Financing as a product at Hong Leong Islamic Bank. The researchers conducted a field study through several interviews with the staff working in the product development department and department of Shariah in some of the Malaysian Islamic banks. From the theoretical aspect, the researchers explain the concept of home financing, MM and the fiqh perspective of the subject in question. The responses received during the interviews are used to analyze the possibility of offering MM contract in Islamic Home Financing product at Hong Leong Islamic Bank. This research concludes that there is a possibility for Hong Leong Islamic Bank to do so, should it consider some suggestions presented in this paper.

Keeping the wheels of the automotive industry turning: the use of tacit knowledge by product development workers in a multinational automotive manufacturer

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
René Schmidt ◽  
Robin Bell ◽  
Vessela Warren
Keyword(s):  
Product Development ◽  
Tacit Knowledge ◽  
Knowledge Workers ◽  
Job Descriptions ◽  
Structured Interviews ◽  
Content Type ◽  
Organizational Goals ◽  
Development Workers ◽  
Development Department ◽  
Product Development Department

PurposeThis research identifies the forms of tacit knowledge frequently requested in the job descriptions of knowledge workers in a multinational automotive manufacturer's product development department. It then explores how and why the most requested forms of tacit knowledge are used in practice to achieve organizational goals.Design/methodology/approachThis study follows a sequential mixed-methods approach to quantify the most frequently requested forms of tacit knowledge within internal job descriptions and then explores how and why this tacit knowledge is used. The first stage applies manifest content analysis to internal job descriptions to highlight the epitomes of tacit knowledge to identify the most frequently requested forms of tacit knowledge. The second stage employs semi-structured interviews to explore the use of the most frequently requested forms of tacit knowledge in practice.FindingsThe research indicated that the organization most frequently requested tacit knowledge in the form of skills and experience in the job descriptions of knowledge workers in the product development department. When the use and application of tacit knowledge in the form of skills were further explored in practice, it was found that tacit knowledge-based socially-focused skills were used, which was underpinned by the need to bring people together and align them towards a common goal to make things work; by enabling people to work together as a team; by developing and using networks; and acting as a required resource to support the development and integration in product development. Tacit knowledge in the form of experience was applied through the application of personally obtained experience to enhance development work by acting as a pacemaker for increasing efficiency and a sense of upcoming issues.Originality/valueThis work addresses the paucity of studies identifying tacit knowledge in large organizations and meets calls to investigate the processes and activities related to tacit knowledge in specific contexts.

scholarly journals Strategi Pengembangan Produk Bank Syariah Di Indonesia

2018 ◽  
Vol 3 (2) ◽  
Author(s):  
Ahmad Mukhlisin ◽  
Aan Suhendri
Keyword(s):  
Product Development ◽  
Development Strategy ◽  
Strategic Alliances ◽  
Corporate Strategy ◽  
Profit Sharing ◽  
Development Strategies ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Islamic Bank ◽  
Number Of Customers

At present Islamic banking is growing rapidly, along with these developments various types of Islamic Bank products are also growing, where product innovation is the key to Islamic banking to be more competitive and more rapidly developed in accordance with the needs of the community. Product development strategies are one aspect of a marketing strategy. Banking product development is an effort to increase customers by introducing new banking products. The strategy of developing banking products is an effort to increase the number of customers by developing or introducing new banking products. Innovation and creativity in product creation are one of the main keys in this strategy. In general, every Islamic bank in running its business has five operational principles, namely as follows: Principles of pure savings, the principle of profit sharing, the principle of buying and selling, the principle of rent, and the principle of service (fee). Product development strategies are part of a corporate strategy. Islamic banks provide many options for the community to obtain financing that does not only depend on one type of bank with its products, if Islamic banks are able to read the potential of the region and the needs of the population is owned by Islamic banking, the development of Islamic banking products is a necessity for Islamic banks those in the region to be able to answer the needs of the community. This condition can occur can not be separated from the support of DPS who must be active and innovative and be with each bank in the area. As well as product marketing strategies must be carried out by conducting strategic alliances with mass media (radio, television and print media) and event organizers in the form of exhibitions (expo), so that these products are widely known and directly felt by the public at large. In certain expos such as people can directly register for sharia credit cards or make financing requests for the purchase of sharia products that are on display. Through this strategy Islamic banks can get a lot of success, both in increasing portfolios and marketing new products. Keywords: Product Development Strategy, Indonesia Shariah Bank

scholarly journals The Impact THE IMPACT OF EMPLOYEE SATISFACTION ON CUSTOMER SERVICE QUALITY IN ISLAMIC BANK

2020 ◽  
Vol 5 (2) ◽  
pp. 53-64
Author(s):  
Alfalisyado Alfalisyado
Keyword(s):  
Service Quality ◽  
Customer Service ◽  
Employee Satisfaction ◽  
Islamic Banks ◽  
Islamic Bank ◽  
The Subject ◽  
The Impact

The aim of this study is to examine the impact of employee satisfaction on customer service quality. The subject of this research is Islamic banks in Indonesia with two variables are employee satisfaction and customer service quality. The results of this study is shown that there is a relationship between employee satisfaction and customer service quality. The degree of influence of employee satisfaction to customer service quality is 13.1% which mean there are many variables can be determined for the next research.

Global Approach to Good Design, A Team Effort

2000 ◽  
Vol 44 (38) ◽  
pp. 799-802
Author(s):  
Kirsti F. Vandraas
Keyword(s):  
Product Development ◽  
Market Share ◽  
Professional Life ◽  
Human Being ◽  
Home Market ◽  
Global Approach ◽  
Good Design ◽  
Development Department ◽  
Product Development Department ◽  
Office Chair

I work for a Norwegian company, which develops, manufactures and sell seating solutions for the active working human being. The company is over 50 years old, we have over 40% market share on our home market and we are one of the 10 biggest office chair manufacturers in Europe. We have been represented on the American Market for many years. I work in the product development department, where I participate in or head projects. I work closely with a number of different designers, and this is part of my professional life.

scholarly journals Sharī‘ah Analysis of Acquisition of House Financing Portfolio

2019 ◽  
Vol 2 (2) ◽  
pp. 83-93
Author(s):  
Muhammad Asghar Shahzad ◽  
Syed Kashif Saeed ◽  
Asim Ehsan
Keyword(s):  
Product Development ◽  
Policy Implications ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Complete Understanding ◽  
Banking Institutions ◽  
Conventional Banks ◽  
Research Students ◽  
Development Department ◽  
Important Milestone

Purpose - The Objective of this study is to provide a comprehensive scenario of the Acquisition of House Financing transaction taken place between Bank Islami and Citi Bank during 2010 in the light of Sharī’ah guidelines. The purpose of this whole complex transaction was to acquire Citi Banks house financing portfolio. The successful completion of such a transaction is an important milestone for Islamic Banking. The complete understanding of such transactions is of prime importance for Islamic banking academia.  Findings - The study concludes that the transaction based on Hawalah (assignment of debt) and Wakalah Lil Qabz (recovery agency) is very complex and intelligently designed to conduct these transactions.  Policy Implications - This study will enable the policymakers, Sharī’ah Advisors, and bankers to explore new avenues for investment in Islamic Banking Institutions. This study will also enable academicians and research students to conduct research for product development in related areas with conventional banks. The complete understanding of such transactions is of prime importance for the product development department of Islamic Banks. 

scholarly journals Analisis Kelembagaan Pengelolaan Zakat Dan Fungsi Sosial Perbankan Syariah

2020 ◽  
Vol 2 (2) ◽  
pp. 182-203
Author(s):  
Adiyes Putra ◽  
Nurnasrina Nurnasrina
Keyword(s):  
Commercial Banks ◽  
Social Function ◽  
Islamic Banking ◽  
Main Function ◽  
Islamic Banks ◽  
Social Functions ◽  
Public Funds ◽  
Islamic Bank ◽  
The Social ◽  
Do So

Institutional zakat in Islamic banking has been regulated in Article 4 Paragraph 2 of Law No. 21 of 2008 concerning Islamic Banking. Where in that article Islamic banks are allowed to perform social functions in the form of collecting zakat, donations, alms, grants, or other social funds. The activities of Islamic banks conducting social activities become additional activities for Islamic banks. In contrast to the main function of Islamic banks as an intermediary function such as the collection and distribution of public funds that are required for Islamic banks to do so, while the social functions of Islamic banks only written in the Islamic banking Act can run, meaning that Islamic banks can choose between performing social functions or not doing it. The uncertainty of the Sharia Banking Law in regulating social functions makes Islamic banks not full of seriousness in carrying out these social functions. The lack of seriousness of this Islamic bank can be seen from the 14 Sharia Commercial Banks (BUS), only 10 BUSs that carry out social functions, and there are still 4 BUSs that have not yet performed social functions. The total funds that have been successfully collected and utilized by 10 BUS in the last 2 years are in 2017 Islamic banks collect zakat funds of Rp. 76.7 billion or 1.23% of the total funds raised by BAZNAS and LAZ (Rp. 6.22 trillion). In 2018 the collection of zakat funds through BUS experienced an increase of 16% from 2017 or collected Rp. 88.9 billion or 1.1% of the total zakat funds raised by BAZNAS and LAZ (Rp. 8.1 trillion). When compared to the amount of zakat fund raised by this BUS with the potential for national zakat totaling Rp. 217 Trillions, of course the achievement is not up to 1%, this means that the collection of zakat funds by the BUS is still far from expectations. Keywords: Zakat Institution, Social Function, Zakat, Islamic Bank

scholarly journals LENDING GROWTH AS A FIQH IMPLICATION TOWARD PRODUCT DEVELOPMENT OF ISLAMIC BANK IN INDONESIA

INOVATOR ◽  
2017 ◽  
Vol 6 (2) ◽  
pp. 69
Author(s):  
Riris Aishah Prasetyowati
Keyword(s):  
Product Development ◽  
Income Smoothing ◽  
Gdp Growth ◽  
Islamic Banks ◽  
Business Unit ◽  
Loan Loss ◽  
Loan Loss Provision ◽  
Islamic Bank ◽  
Gdp Growth Rate ◽  
Equity Ratio

This study aim to examine the financing growth of Islamic bank in Indonesia with the provisions system and proof that there is a procyclicality and income smoothing behavior of bank manager. The objects of this study are Islamic Banks and Islamic Business Unit in Indonesia period of 2000 – 2016. This study specifically estimates a different calculation in every component of discretionary and non-discretionary in Islamic bank financing with the variable controlsuch as deposit growth, equity ratio, and total asset. The equation will be tested by using the regression system estimation and the validity tested by AR and Hansen test. The result of this study quantitatively proved that there is a pattern of procyclicality behavior in Islamic bank consistent with hypothesis and significantly has negative correlation described by the relation of loan loss provision with the coefficient of GDP growth rate: -0,207. From this result in accordance with the fiqh platform, for all forms of muamalah is “al ashlufilmu?amalahilla al-ibahahyadulludaliil „alaatahriimiha” (the origin of everything is allowed unless there is proof that forbid it), which means that by using the theory of fiqh rules the product development of Islamic bank can be done and expanded.

scholarly journals Perilaku Konsumsi Upaya Meningkatkan Potensi Produk Deposito di Bank Syariah

Intizar ◽  
2016 ◽  
Vol 22 (2) ◽  
pp. 333
Author(s):  
Tri Mulanto
Keyword(s):  
Literature Review ◽  
Product Development ◽  
Market Share ◽  
Private Consumption ◽  
Third Party ◽  
Islamic Banks ◽  
Islamic Bank ◽  
Bank Deposits ◽  
Bank Financing ◽  
Product Accumulation

Perbankan syari’ah saat ini telah memiliki payung hukum yang kuat dengan hadirnya undang-undang nomor 21 tahun 2008 tentang perbankan syari’ah. Hal ini sangat berpengaruh terhadap eksistensi dari perbankan syari’ah yang semakin diminati oleh banyak kalangan.Bank syari’ah membutuhkan dana dalam menjalankan produk pembiayaannya. Deposito merupakan salah satu produk penghimpunan di bank syariah. Deposito di bank syariah terus mengalami pertumbuhan. Walaupun demikian bank syariah tetap harus meningkatkan produk deposito, untuk mencapai market share 5 persen. Untuk meningkatkan volume deposito bank syariah perlu memahami bentuk perilaku konsumsi masyarakat. Dari data yang ada kontribusi dana pihak ketiga bank syariah diberikan oleh produk deposito sebesar 71,15 persen.Penulisan ini menggunakan jenis deskriptif kualitatif, Batasan dalam tulisan ini difokuskan pada produk deposito di bank syari’ah perilaku konsumen.Tulisan ini menggunakan studi pustaka kajian dari berbagai sumber. Hasil dari tulisan ini bahwa deposito di bank syariah terus mengalami perkembangan, pada tahun 2015 pertumbuhan deposito di bank syariah mencapai 4,12 persen. Perilaku konsumsi memiliki banyak faktor dan bisa memberi pengaruh terhadap peningkatan produk deposito di bank syariah. Sehingga bank syariah perlu memahami perilaku konsumsi masyarakat dalam upaya meningkatkan potensi pengembangan produk deposito di bank syariah.potensi pengembangan produk pembiayaan mudharabah di bank syari’ah masih sangat besar.Potensi pengembangan produk deposito masih sangat besar dan sangat luas.Bank of Shariah now has a solid legal with the presence of the law number 21 in 2008 about Bank of Shariah.  This adversely affects the existence of the Shari'ah Bank that increasingly catches interest many people. Bank of Shari'ah requires funds in running financing products. Deposits are ones’ product accumulation in Islamic banks. Deposits in Islamic banks continued to grow. Nevertheless, Islamic banks still have to increase deposit products, to achieve a 5 percent market share. To increase the volume of deposits of Islamic banks need to understand the behaviors of consumption. From the available data the contribution of third party funds provided by the Islamic banks deposits amounted to 71.15 persen. This study uses a descriptive qualitative limitation. This paper is focused on products in Consumers Islamic bank deposits. This study uses literature review of various sources. The results of this paper that the deposits in Islamic banks continued to experienced growth, in 2015 the growth of deposits in Islamic banks reaches 4.12 percent. Consumer behavior has many factors and can give effect to an increase in deposit products in Islamic banks. So that Islamic banks need to understand the behavior of private consumption in order to increase the potential for product development of deposits in Bank of Shariah. The advantage of product development in Islamic bank financing is still enormous. The advantage of deposit product development is still very large and very spacious.

Sign in / Sign up

Export Citation Format

Share Document