Identify The Problem of Law Revenue Sharing Financing in Indonesian Sharia Banking

Abstract

Since the establishment of Bank Muamalat Indonesia in 1992, Islamic banks have begun to grow and develop in Indonesia. The Islamic banking industry and the Government and Bank Indonesia, must continue to prepare the system and infrastructure by finding the right solutions to increase profit-sharing financing. What's more, following the National Islamic Banking Blue Print, the proportion of Indonesia's Sharia banking revenue-sharing financing is targeted to reach 40% of all financing provided by Islamic banks in 2025-2030. The preparation obviously cannot be done suddenly. Still, it inevitably must start to be prepared from now because the rapid development that is taking place needs to be directed so as not to develop in an unwanted direction. The problem of low profit-sharing financing is a global phenomenon that not only occurs in Indonesia, but also occurs in other countries that implement dual banking systems and fully Islamic banking / financial systems, but countries that implement fully Islamic banking / financial systems have a greater possibility to be able to overcome this problem because of its supporting devices and infrastructure.