Thursday, December 3, 2009

Master’s Program on Syariah Finance

The Master’s Management Program at the Faculty of Economy, University of Indonesia, is launching a master program on Syariah Finance Management today.

It is expected that the program will support people to be good at analyzing, leading, and applying Syariah law in finance functions.

Through a press release yesterday, the master’s program administration said it had noticed significant growth in the Syariah finance sector and thereby qualified human resources would be needed.

Simulations by Bank Indonesia show that the Syariah banking industry needs 22,521 employees.

While currently there are only around 8,000 people working in the Syariah banking sector.

Monday, November 23, 2009

Sunday, August 23, 2009

Agricultural Sector in Syariah Finance

As we know, one of the main problems in agricultural development is the weakness of capital support. The government have tried to overcome this problem by launching some credit programs for the agricultural sector.

Many credit programs, those use fixed interest base, showed less satisfied result. In any cases even generate new problems such as the the greater farmer’s debt and also nonperformance credit.

Based on that phenomena it is required the alternative financing schemes. Sharia scheme, can be choosen as the alternative financing model for supporting agricultural development. Different to the conventional credit, the sharia scheme is free of interest, profit loss sharing equity principle, and profit sharing will be executed in the end of transaction.

To support implementation of sharia finance in agricultural sector, the crucial factors are political will of policy maker and also intensive socialization related to sharia principle finance to public authority and society.

Reference at