Work

Modification Finance of Salam and the Implications for Salam Accounting Treatment in Indonesia

Year: 2016

Type: conference-paper

Abstract: Bank Indonesia has set standardization of Salam and PSAK No. 103. The theoretical study results showed that the non-application of Salam contract in the Islamic Banking includes: fear of the banks on dishonesty or farmers’ harvest failure, the risks that brought by Salam contract and the lack of socialization of Salam contract to the farmers. The modified solutions made to eliminate the problem at Salam contract is to establish agricultural banks, providing socialization and education to farmers, giving option to the payment system of Salam and the amount of farmers’ credit are not the basic price of farmers’ harvest.

Source: Procedia - Social and Behavioral Sciences

DOI: 10.1016/j.sbspro.2016.05.030

Authors: Wiwik Fitria Ningsih, Siti Maria Wardayati

Institution: Universitas Jember

Language: English

Topic: Islamic Finance and Banking Studies

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: diamond

OpenAlex ID: W2414944760

FWCI:

Cites: 11

Cited by: 10

Related to: 10