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ASSIGMENT CHAPTER 6
A. Theory
1. Explain the difference between fundraising on an Islamic bank and fundraising on a
conventional bank!
Answer:
The difference is in the contract used if conventional bank only recognizes the system of
fund raising through savings and current accounts with the addition of interest that has been
pegged from the beginning of its magnitude whereas in sharia banking also same with
savings and giro system but using mudharabah and wadiah agreement, both contract can
be applied in savings and demand deposits with additional under-interest bonuses rather
than those applied in conventional banks.
2-Jan ursila, BSM bank customers withdraw cash of mudharabah savings of 1,500,000
3-Jan ursila, 500,000 transfers to BMS customer's savings account in solo branch
4-Jan ursila, transfer of 250,000 to bank account of BSM bank
31- deduction of mudharabah ursila savings for savings administration amounting
Jan to Rp.2000 and tax of Rp.4000 (20% of profit sharing received by Rp.20.000)
Date Account D C
2-Jan tab. Mudharabah-ursila 1,500,000
Cash 1,500,000
5. Mudharabah agreement is used for savings in Indonesia. (a) Explain the advantages and
disadvantages of mudharabah savings for the customer; and (b) Analyze the potential and
practice of using wadiah contract on savings.
Answer:
a. Advantages and disavantages of mudharabah saving for customer
- Advantages
On mudharabah savings, money will 'grow'. The money will increase according to
the profit sharing of the business profits made by the bank. This choice fits exactly
for the type of saving money in the long run.
- Disadvantages
Mudharabah usually customers will be charged with monthly administration fees.
This means that customer balances will be deducted monthly, just like a
conventional bank. Indeed if compared with the loss in this case, on the fixed
balance wadiah, there is no deduction of administrative costs.
b. Analyze the potential and practice of using wadiah contract on savings
Understanding wadiah in the banking now (sharia bank) is the role that occurs between
the two sides where the customer deposits money in the bank. At which time, customers
can take the deposit back. Principle in entrusting goods of course BPO friends know,
there is no additional or lack of funds deposit it.
For wadiah as explained only in the form of deposit. In the short term it will be
profitable. Customers will usually not be charged anything, such as administrative
costs. But if examined more deeply, if wadiah is done for the long term is clearly
detrimental. Why not, from time to time the value of money will experience inflation.
The value of money that was Rp 1000 in 2001 would not be equal to the value of Rp
1000 in 2016. While the same amount of money, but the value of money will decrease.
6. Look at the financial statements of the last year of an Islamic bank in the presentation of
disclosure funds for fundraising. Check the level of compliance between applied by the
banking with the relevant standard from PAPSI 2013.
Answer:
- We think that in the presentation of the temporary syirkah funds of BTPN Syariah
Bank is not appropriate with PAPSI 2013, because in the financial position report,
there are not account that indicate as temporary syirkah funds. In addition, just the
asset, liability, and equity that are present on that financial report.
- Besides the temporary syirkah funds, all of the report already follow the PAPSI
2013 requirement.
Thus, based on the financial report we can conclude that BTPN Syariah Bank is already
follow the regulaten that are stated in th PAPSI 2013 except for the temporary syirkah
funds.
B. Case
Case 1 (Giro Wadiah)