Path: Top Journal Jurnal_Keuangan_dan_Perbankan 2009

KEUNGGULAN SISTEM KEUANGAN BERBASIS BAGI HASIL DAN IMPLIKASINYA PADA DISTRIBUSI PENDAPATAN

Jurnal Keuangan dan Perbankan, Volume 13, Nomor 3, September 2009
Journal from JIPTUNMERPP / 2012-01-24 07:04:10
Oleh : Iman Sugema ; Toni Bakhtiar ; Jaenal Effendi, Diploma 3 of Finance and Banking Merdeka University Malang (jurkubank@yahoo.com)
Dibuat : 2009-09-01, dengan file

Keyword : Profit-loss sharing, Islamic banking, income distribution, risk pooling agent.

In this paper we attempted to answer a fundamental question whether banking system based on a profit-loss sharing (PLS) could improve welfare than an interest based banking system by developing a rigorous theoretical modeling. In the framework of production technology we firstly showed that under production certainty and competitive market both PLS and interest based systems were efficient and right. However, under an uncertain situation due to a productivity shock, we proved that only the PLS system was right. We verified our result by quantifying the effects on income distribution for both lender and borrower. Two indicators, namely the standard error of distribution and gain ratio were considered. We showed that the conventional credit market led to a serious income distribution problem where lenders did not enjoy the variability in income and did not bear any risk, but in contrast, borrowers bore all the risk. On the other side, PLS system shared the risk between lenders and borrowers. In the end of the analysis, we proposed an instrument that would improve the performance of a PLS system from lenders perspective by introducing a so-called risk pooling mechanism.

Deskripsi Alternatif :

In this paper we attempted to answer a fundamental question whether banking system based on a profit-loss sharing (PLS) could improve welfare than an interest based banking system by developing a rigorous theoretical modeling. In the framework of production technology we firstly showed that under production certainty and competitive market both PLS and interest based systems were efficient and right. However, under an uncertain situation due to a productivity shock, we proved that only the PLS system was right. We verified our result by quantifying the effects on income distribution for both lender and borrower. Two indicators, namely the standard error of distribution and gain ratio were considered. We showed that the conventional credit market led to a serious income distribution problem where lenders did not enjoy the variability in income and did not bear any risk, but in contrast, borrowers bore all the risk. On the other side, PLS system shared the risk between lenders and borrowers. In the end of the analysis, we proposed an instrument that would improve the performance of a PLS system from lenders perspective by introducing a so-called risk pooling mechanism.

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PropertiNilai Properti
ID PublisherJIPTUNMERPP
OrganisasiD
Nama KontakDra. Wiwik Supriyanti, SS
AlamatJl. Terusan Halimun 11 B
KotaMalang
DaerahJawa Timur
NegaraIndonesia
Telepon0341-563504
Fax0341-563504
E-mail Administratorperpus@unmer.ac.id
E-mail CKOwsupriyanti@yahoo.com

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  • Editor: Wiwik Supriyanti, Dra. SS.