Impact Of Indonesian Islamic Bank To Build Growth Premium Income Of Shari’a Insurance Company In Indonesia Market

Reza Ronaldo, Maya Meilia, Hasan Alaaraj

Abstract


In 2017 the Indonesian Islamic Bank contributes premium income to Shari’a Insurance in Indonesia amounting to 1.8 billion rupiah. There are 5 (five) Islamic Banks in Indonesia that contribute premiums to national Shari’a Insurance. The big five Islamic Banks in Indonesia are; Bank Mandiri Shari’a (BMS), Bank Muamalat Indonesia (BMI), Bank Negara Indonesia Shari’a (BNIS), Bank Rakyat Indonesia Shari’a (BRIS) and Bank Mega Shari’a. With increasing income of the National Shari’a Bank, it is expected to have an increasingly income of Shari’a National. Indonesian Islamic Banks give significant contribution to the growth of Shari’a Insurance premiums in Indonesia. While other Shari’a financial instruments in Indonesia such as Shari’a BPR, Leasing Shari’a are not so large, so they have not provided significant premium contributions to National Shari’a Insurance. If other Islamic Financial Instruments can accelerate market share, then of course it will be able to provide additional premiums that are not small to Shari’a Insurance in Indonesia. This research is expected to be further developed in order to increase the income of Islamic banks in Indonesia while at the same time growing national Shari’a Insurance Premium Income.

 

Keywords : Islamic Bank, Sharia Insurance and Takaful.


Full Text:

PDF

References


Ariff, Mohamed, ed. Islamic banking in Southeast Asia: Islam and the economic development of Southeast Asia. Institute of Southeast Asian Studies, 1988.

Bhatty, Maria. Law Institute journal: the official organ of the Law Institute of Victoria 85, August 2011.

Grassa, Rihab. "Shari’a supervisory system in Islamic financial institutions: Newissues and challenges: A comparative analysis between Southeast Asia models andGCC models." Humanomics 29.4 (2013): 333-348.

Hamid, Mohamad Abdul, and Mohd Sukki Othman. "A study on the level of knowledge and understanding among Muslims towards the concepts, Arabic and Shari’a terms in Islamic Insurance (takaful)." European Journal of social sciences 10.3 (2009): 468-478.

Hasan, M. Kabir. Kayed, Rasem. N, Oeseni, Umar. A.,” Ïntroduction to Islamic Banks & Finance, Principle & Practise”. Pearson Education Limited. England. (2013).

Kader, Hale Abdul, Mike Adams, and Philip Hardwick. "The cost efficiency of takaful insurance companies." The Geneva Papers on Risk and Insurance-Issuesand Practice 35.1 (2010): 161-181.

Khorshid, Aly. Islamic insurance: A modern approach to Islamic banking.

Lewis, Mervyn K., and Latifa M. Algaoud. "Islamic banking." Books (2001).,Edward Elgar Publishing, number 1488.

Mansoor Khan, M., and M. Ishaq Bhatti. "Islamic banking and finance: on its way

Psychology Press, 2004.

Rajhi, Wassim, and Slim A. Hassairi. "Islamic banks and financial stability: a comparative empirical analysis between MENA and southeast Asian countries." Région et développement 37.1 (2013): 1-31.

Rosly, Saiful Azhar. Critical issues on Islamic banking and financial markets:Islamic economics, banking and finance, investments, Takaful and Financial Planning. Dinamas Publishing, 2005.Kuala Lumpur. ISBN 9834248903.

Suryanto, T. (2017). Manajemen Laba Pada Bank Syariah Di Indonesia: Peran Komite Audit Dan Dewan Pengawas Syariah. KINERJA, 18(1), 90-100.

Suryanto, T., & Ridwansyah, R. (2016). The Shariah financial accounting standards: How they prevent fraud in Islamic Banking. European Research Studies, 19(4), 140.

to globalization." Managerial finance 34.10 (2008): 708-725.

Wahab, Abdul Rahim Abdul, Mervyn K. Lewis, and M. Kabir Hassan. "Islamic takaful: Business models, Shari’a concerns, and proposed solutions." ThunderbirdInternational Business Review 49.3 (2007): 371-396.

Wilson, Rodney. Islamic business: theory and practice. Economist Intelligence Unit, 1985.




DOI: http://dx.doi.org/10.24042/febi.v3i2.3480

Refbacks

  • There are currently no refbacks.


Copyright (c) 2019



Ikonomika : Jurnal Ekonomi dan Bisnis Islam  is a Journal of Islamic Economics and Business, Published by the Faculty of Islamic Economics and Business at UIN Raden Intan Lampung Indonesia. This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.