THE GROWTH ISLAMIC BANKING IN INDONESIA FROM 2005-2010

           At the time of global crisis that occurred in 2008, the banking sector in Indonesia experienced a fairly severe shock. There are even some banks that have to get the liquidity funding from the central bank of republic of Indonesia because their assets are not large enough that it cannot survive to face the global crisis. But there are also banks that can survive from the global crisis namely the banks that using system sharia. Therefore currently many conventional banks that open a new business unit namely sharia business unit. Such as Bank Syariah Mandiri, BRI syariah, BNI syariah, Bank Jabar, Bank IFI, act (Antonio, Adnan, Triyuwono, Muhammad, & Dumairy, 2004). We can see now the growth of Islamic banking in Indonesia from 2005 to 2010 very quickly. However, the growth of Islamic banking in Indonesia that so fast cannot be separated from the factors that cause it. There are three factors that cause the growth of Islamic banking in Indonesia since 2005 until 2010.

          First, the awareness of Muslims those Islamic teachings contains the teachings of the universal (Firdaus, Ghufron, Hakim, & Alshodiq, 2005). Religion of Islam not only teaches the relationship between man and God (hablum minallah) but also teaches the relationship between humans and other humans (hablum minan-nas) as a form of religion that rahmatan lil’alamien. Trough the teachings of this muamalah that make the most of the Muslim community are aware that the conventional banking system contains riba, maysir, and gharar.

          Second, the government provide regulatory certainty for the development of Islamic banking in Indonesia (Karim, A, A, 2006). Regulatory certainty given the Indonesian government in supporting the growth of Islamic banking is to make the Act No. 10 of 1998 which includes terms of institutional and operational basis for sharia and set up a DSN (national Islamic council) (Firdaus, Ghufron, Hakim, & Alshodiq, 2005). National Islamic council that later would make the regulations on sharia banking in Indonesia.

          Third, development of the community thought about the existence of Islamic banks (Karim, A, A, 2006). The growth of Islamic banking in Indonesia is inseparable from the development community mindset. People realize that they will get a clear contract when transact in Islamic banks that they have never experienced when transact in conventional banks. Moreover, the advantage that we will get is also determined from the beginning so that the customer has the rights khiyar to continue contract or not. So, many people are interested to transact in Islamic banks. It is which cause the growth of Islamic banking assets increased significantly.

          Development of Islamic banks must still be accompanied by adequate human resources, both in terms of quality and quantity. Because the reality shows there are many human resources that have been involved in Islamic banking institutions do not have academic and practical experience in Islamic banks. This condition would significantly affect the productivity and professionalism of Islamic banking itself. This is what it should get the attention of us all, namely print human resources that is able to practice the Islamic financial services on all fronts, because the good system may well not be running when not supported by good human resources as well.

BIBLIOGRAFHY

Karim, A.A. (2006). Bank Islam Analisis Fiqh dan Keuangan. Jakarta: PT Rajagrafinda, Persada.

Antonio, S. M., Adnan, A. M., Triyuwono, I., Muhammad., & Dumairy. (2004). Bank Syariah Analisis Kekuatan, Kelemahan, Peluang, dan Ancaman. Yogyakarta: Ekonosia.

Firdaus, M., Ghufron, S., Hakim, A. M., & Alshodiq, M. (2005). Konsep dan Implementasi bank syariah. Jakarta: Renaisan.