Islamic Economic Challenges Facing Global Economic Developments
Islamic economic development is increasingly
clear today, with characterized by the development of Islamic financial
institutions in Indonesia both banking and non-bank institutions. Not only is
it in the world of education, the emerging Islamic economics programs at
several universities in Indonesia. Islamic economic development is increasingly
widespread answer to this is a reflection of the passion and desire of Muslims
in Indonesia will be an economic system that can lead to the prosperity of the
nation and rid the nation of Indonesia's economy collapsed by several reasons,
including the economic crisis, poverty, unemployment, as well as economic
reforms in a country which is still full of this damage, as well as the
beginning of the economic revival of Islam in Indonesia and around the world,
for example in Bank Muamalat Indonesia established in 1992
When discussing the development of Islamic
economics can not be separated from
the discussion of global economic changes, such
as the crisis in the Middle East and Europe.
Economic, political, social and macro-economic environment
that characterizes national. The impact of the
situation abroad became the main cause. Greece's
credit as an example dropping the euro currency and market conditions
also dropped the money
and capital markets.
Many foreign investors began to withdraw their money because of fears of the
European crisis. In addition to
the European crisis, the crisis in the Middle East also has an impact
on foreign investors from the Middle East
because of the conditions in the Middle East is
uncertain. Also at the level of
ASEAN itself, the
will dicanangkannya ASEAN Economic Community (AEC) As one of the
pillars of the ASEAN Vision 2020 of course,
would be a lot of preparation for Indonesia. Based on the AEC Scorecard
report published by
the ASEAN Secretariat in 2009, the State is
considered to reach the highest
level of MEA implementation
is Singapore with
a value of 93.52%. From 10 member countries, Indonesia
ranks 7th with a value of 80.37%. This reflects
the fact that Indonesia has not
fully prepared for the MEA. Establishment of the
single market as the main characteristic of the entire MEA led to ASEAN
countries, especially Indonesia would
not want to compete to be the exporting country in order to balance the
State's trade balance in the
midst of foreign products begin
to flood Indonesia.
In
addition to these global issues, there are also
some specific issues
that developing Islamic
economics in Indonesia,
after the issue became
gold pawning gold
gardening had a
conversation a few months ago, and eventually held
the gold pawn resetting
this so as not to give rise to speculation and usury. The issue of
Islamic banking is still only a few topics in the media
related to the development of Islamic economics. According ASBISINDO general secretary, Ahmad K Permana said that there are
three major issues in Islamic banking, among
others, the availability of products
and standardization issues of Islamic banking products, the level of public
understanding of Islamic banking products,
as well as the availability of human resources related issues of Islamic banking. Islamic banking given the fastest-growing Indonesia is 38% compared to the
growth of Islamic banking world
is around 10% whereas
the existing human resources are still taking of
human resources in conventional banks are only
given a few times
training in Islamic banking. Furthermore Islamic banks are still many challenges to become Indonesia's
economic system. Islamic banks
have not been in the interests of
national issues, this
is different from Malaysia that
has been fully supported by the government.
The
development of Islamic banking and finance institutions is progressing very rapidly and showed
toughness in the monetary crisis and data showing
fantastic progress. When a conventional bank into
liquidation, Islamic banks can
survive the system
for the results, so
it is not required to pay
interest on a certain amount to the customer as
the conventional banks. FDR Islamic banks are
always high, menunjukkan bahwa third party funds are invested
in productive enterprises
to small and
medium-sized communities.
Global
economic developments and the growing interest in the economic society with
Islamic banking, Islamic economy got a big challenge as well. According to the
First Chairman of the Association of Indonesian Islamic Economics (IAEI) and
Deputy Secretary General of the MES Centre, Mr Agustianto mention that there
are at least five issues and challenges facing Islamic economics today. First,
is the lack of qualified Islamic economists who dominate modern economic
sciences and Islamic sciences are integrative. Second, a test of the
credibility of the economic and financial system, three, sets of rules, laws
and policies, both nationally and internationally are not sufficient. Fourth,
the limited college who teaches Islamic economics and institutions still lack
tranining and consulting in this field, so that the economic and human
resources in the field of Islamic finance is still limited and does not have
adequate knowledge of Islamic finance. Fifth, the role of government, both the
executive and legislative branches, is still low to the development of Islamic
economics, because of their lack of understanding and knowledge about Islamic
economics.
By: Muhimatul khoiroh (11220067)
