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This study describes about the management of zakat based on good governance principles. The method of this study is using library research such as secondary data in the form of books, journal articles or other literature based on the topic being discussed. The results of this study show that good governance is required by LAZ to improve professional performance in order to meet the interests of stakeholders. The implementation of Good Governance Principles in the management of zakat is as follows: Transparency, it means that LAZ must apply the principle of information disclosure to stakeholders. Accountability, it means that LAZ must hold the principle of trust (accountable) in managing zakat funds. Responsibility, it means that LAZ is responsible for distributing zakat funds right up to mustahiq. Independency, it means that LAZ is managed independently and has no dependence on certain people or other institutions. Fairness, it means that LAZ should make every effort to be fair in distributing zakat funds for those who are entitled to it. Sharia Compliance, it means that the collection and distribution of zakat funds managed by LAZ must comply with the Islamic corridor.

The IFRS can be applied in the multi national company (MNC) and listing firms across the country but it does not mean it can replace the national accounting standards that have been owned by respective countries. The accounting standardization is not an easy job because each country has different political, social, and economic background. This study is to reveal the reason and who is behind IFRS adoption in Indonesia. This qualitative research is a case study based on cases representing institutions in Indonesia: DSAK, DPN IAI, BAPEPAM-LK, the finance ministry and the ministry of state own enterprises (BUMN). Data were collected by interviews and using readily available documents and processed with thematic analysis. The result shows the adoption of IFRS decisions is driven by international interests. Indonesia's membership in several international organizations, such as IFAC (International Federation on Accountant), IOSCO, and the G-20, has resulted in the approval of global accounting standards in Indonesia. Each organization has done a variety ways to ensure that its members adopt IFRS. IFRS should be based more on Indonesia accounting needs and should not be only based on a desire particularly coercion from others. In-depth analysis based on the reality of each particular business should be conducted before a decision to adopt IFRS is taken.

The IFRS can be applied in the multi national company (MNC) and listing firms across the country but it does not mean it can replace the national accounting standards that have been owned by respective countries. The accounting standardization is not an easy job because each country has different political, social, and economic background. This study is to reveal the reason and who is behind IFRS adoption in Indonesia. This qualitative research is a case study based on cases representing institutions in Indonesia: DSAK, DPN IAI, BAPEPAM-LK, the finance ministry and the ministry of state own enterprises (BUMN). Data were collected by interviews and using readily available documents and processed with thematic analysis. The result shows the adoption of IFRS decisions is driven by international interests. Indonesia's membership in several international organizations, such as IFAC (International Federation on Accountant), IOSCO, and the G-20, has resulted in the approval of global accounting standards in Indonesia. Each organization has done a variety ways to ensure that its members adopt IFRS. IFRS should be based more on Indonesia accounting needs and should not be only based on a desire particularly coercion from others. In-depth analysis based on the reality of each particular business should be conducted before a decision to adopt IFRS is taken.

This study aimed at assessing the efficiency of zakat organizations in Indonesia by the use of non-parametric efficiency measurement methods. In addition, a cluster analysis based on the affiliation type was also used to assess the efficiency of Zakat organizations. A quantitative approach with the DEA and FDH methods was applied to this research, during which the latest data from the financial reports of each Zakat Institution have been utilized. This period ranges from 2014 to 2018 for the 14 Zakat Institutions. Based on the results, Zakat Institutions have equal efficiency between DEA and FDH methods if the clusters of government, corporation, and social community are combined. Research data on measuring efficiency show that the DEA method contributes 21% of all Decision-Making Units (DMU) to the total, while the FDH method contributes 25%. The research is one of the first studies to focus on the efficiency of the Zakat Institutions and its associated clusters: government, corporation, and social community. This research can be useful for Zakat Institutions in the form of critical application evaluation considering the research input variables, such as salaries, operational costs, and cost of socialization, and research output variables, for example zakat fund, zakat distribution taking maqasid sharia aspects into consideration.

The global financial crisis catalyzed a major re-evaluation of the relation: ship between society and the financial sector. Besides the immediate economi impacts from the crisis, it led to a breakdown of trust in institutions, includin financial institutions that have been slow to rebuild. Many within the financiaf sector, including those who have joined the Principles for Responsible lnvestmen ('PRJ') (United Nations Global Compact 2015), recognize the challenges that confront shared humanity especially around climare change and inequality and] are trying to find a solution by focusing on environmental, social and governance_ ('ESG') data. The rising share of asset managers and asset owners using ESG, in their investment decision-making has contributed to a growth in responsiblel investment. Beyond the societal demand for alternatives, prolonged quantitative easing, low or negative interest rates and the thirst for higher yields have floodedr investments into technology start-ups including Fintech companies to drive a new'. paradigm in financial services globally. With a greater faith in technology to dis- ,: rupt old ways of working, Fintech is seen as more capable ofdelivering customer- : centric solutions that democratize the incumbents' domination of how wealth is generated and ultimately invested.

The theme of this article Revitalization Role and Function of the Supervisory Board on Financial Institutions Sharia. The author takes a number of BMT Background City Metro WITH stressed Study on Existence penela'ahan Shari'ah supervisory board (DPS) in LKS Metro City, especially in BMT. Further Analysis From this paper will serve to the Reader ABOUT shown a serious issue in LKS That led DPS Metro City And yet functioning Operates Good NOT include: sebahagian BMT Metro City and is NOT yet have a Shari'ah supervisory board (DPS); DPS management yet meet the criteria and standards The ideal; DPS Only the ADA and is domiciled in BMT parent, while the Institute Branch OR BMT under its assistance does NOT have the DPS and no less interesting, in Section Final Research singer, will encounter a number of alternative solution and implementable WITH presenting models Empowerment Model DPS in the Coming include: DPS organizing focused and united on the level of districts and cities, and not in BMT OR ANY syari'ah The ADA Financial Institutions; Institutional Strengthening DPS WITH MECHANISMS juridical and cooperation; Model establishment of monitoring instruments and Evaluation of the boarding costs at the Local Level By DPS DPS Center (DSN-MUI); The role of the region is to maximize ASBISINDO WITH Build Cooperation All integrative And interkonektif; establish criteria and qualification of candidate MEMBERS DPS; establish criteria and qualification of candidate MEMBERS DPS; MAKE program routine / Periodic for a review to evaluate and monitor the boarding costs DPS in EVERY BMT in the area is the DSN-MUI By Yang is in the central level.

Musyarakah Mutanaqishah is one of akad which has minor risk compared to the other akad that is commonly implemented by sharia banking. In Musyarakah Mutanaqisah contract of cooperation Musyarakah Mutanaqishah can be done in various commercial business activities, with the form of business that is shariah compliant, among others; the principle of buying and selling, and renting rent. The important point is to be aware of that Musyarakah Mutanaqisah creates ownership in the form of a stationary asset, the parties in the union are not allowed to sell the portion of the assets owned to the other party outside the union without permission from other members of the union. Because, when members of the union sell their portions to the outside of the Union, there is a right to the members of the long-standing member of the assets that have been purchased by new members of the union. When the rights of Syuf'ah are applied, there is a worry that the parties are harmed. Based on this background, the author examines the right of Syuf'ah in Musyarakah Mutanaqishah contract. Based on the results of the study of the rules of agreement Musyarakah Mutanaqishah, based on theories and the rules of Dewan Syariah Nasional-Majelis Ulama Indonesia do not discuss the rules regarding the prohibition of parties in the union move or sell to other parties outside the union. But the implementation of this agreement on Sharia banking, the Otoritas Jasa Keuangan regulates the standard application of Musyarakah Mutanaqisah product. In the standard book the application of musyarakah Mutanaqishah products, arranged in relation to Negative Covenant clause. In drafting a financing agreement contract with the Musyarakah Mutanaqisah scheme, the bank should bind customer not to divert and surrender the portion of the customer's ownership to the other party, either in whole or in part. The author hopes the rule of application of this agreement is also noticed by other financial institutions, especially non-bank financial institutions in its transaction also implementing Musyarakah Mutanaqisah contract.

This study is a survey on Credit Union (CU) Cikal Mas Purwokerto and BaitutTamwil Muhammadiyah (BTM) Dana Mentari Patikraja members in Banyumas. Theaims of this study are to determine: (1) The differences of financial literacy levels between CU Cikal Mas Purwokerto and BTM Dana Mentari Patikraja members at thethree aspects i.e. behaviors, knowledge and attitudes, (2) The level of sharia aspectsknowledge of BTM Dana Mentari Patikraja members, (3) The implementation of interest system of CU Cikal Mas Purwokerto, and (4) The implementation of profit sharingsystem of BTM Dana Mentari Patikraja.The population in this study are individuals in Banyumas who grouped into twogroups, i.e. the members of Credit Union Cikal Mas Purwokerto and the members ofBaitut TamwilMuhammadiyah Dana Mentari Patikraja. There were 60 respondentstaken in this study which consisted of 30 respondents for each group. Based on the research and analysis of data using different test Mann Whitney U showed that: (1)Thereare differences between the financial literacy levels of CU Cikal Mas Purwokertomembers and BTM Dana Mentari Patikraja members viewed from three aspects: behaviors, knowledge and attitudes,(2) The level of sharia aspects knowledge of BTMDana Mentari Patikraja members are relatively low, (3) The implementation of interest system in CU Cikal Mas Purwokerto as according to the theory that the loan interest relatively smaller than the saving interest, it known based on interview with managers of CU Cikal Mas Purwokerto, and (4) The implementation of profit sharing system in BTM Dana Mentari Patikrajaas according to the theory used by Islamic financial institutions that profit sharing agreement to both parties when the contract is underway.

Profit and loss sharing (PLS) financing should be the main operational characteristic of Islamic financial institutions because it more comply to sharia (Islamic law) and more fair (Chapra, 2001:223). But in fact, PLS-financing in Islamic micro-finance (IMF) in Indonesia is very small, which is about 20% of total financing. Some IMF"s managers think that PLS-financing is lead to poor performance due to the nature of uncertainty. This study aims at analyzing the effect of PLS-financing on the business performance, social performance, and maslahah (benefits) for stake holders. Maslahah is the purpose of Islamic law (sharia). By this, PLS-financing as the implementation of Islamic law have to improve maslahah for stakeholders. This study uses quantitative approach with partial least square (PLS) analysis. PLS analysis is used to determine the relationships among the latent variables; PLS-financing, business performance, social performance, and maslahah. On this study, all of the latent variables are measured by formative indicators. PLS-financing is formed by mudaraba financing and musyaraka financing. Business performance variable is formed by three indicators; return on assets, performing financing, and financing to deposit ratio. Social Performance variable is formed by three indicators; qard-qardul hasan financing; distributing of alms, infaq, sadaqah; and social funds. Maslahah variable is formed by five indicators; maslahah of owners, executives, employees, government, and society. The results indicate that the PLS-financing affects business performance negatively, but business performance affects the social performance and maslahah positively. By this result, it can be concluded that the allocation of PLS-financing of IMF affects the maslahah negatively. The cause is many PLS-financing given to start up business has high risk.

This study uses bank loan data to examine the effect of (political tie) between the company and the government to on the assessment of companies financial leverage and profitability in the bank lending decisions in Indonesia. The numbers of samples are 1465 observations. This study uses moderated regression analysis (MRA). The study finds that a political tie affect corporate profitability assessment in bank lending decisions. Firms with lower profitability receive larger bank loan because their political tie (rent-seeking hypothesis). However, this study inds that a political tie does not affect the assessment of financial leverage in bank's lending decisions. This finding also supports Faccio (2010), Fisman (2001), and Backman (2001). Indonesia condition which has a weak institutional regulation and high information asymmetry is beneficial for companies that have a political tie. This leads to more trusted political tie as an indicator of the profitability.

Audit opinion is an important information required by financial information users. This opinion could influence the decision made by the investors and other stakeholders. The research on the factors affecting audit opinion is still limited in public organization, especially in Central Government. Therefore, this study try to investigate the factors affecting the audit opinion in Indonesia Central Government. The study use the agency theory to explain what factor affecting the going concern audit opinion. By using 92 Ministry and Institutions in Central Government, data of 2012 financial report, and logistic regression. We find that prior audit opinion and audit lag as factors affecting the going concern audit opinion. In addition, these variables influence the audit opinion positively. However, the education background of leader and institutions size do not affect the going concern audit opinion. This research give the contribution to the practical and theoretical. Further, this research also after give some avenues for future research. Keywords: Institutions Size, Prior Audit Opinion, Education Background of Leader, Audit Lag, and Going Concern Audit Opinion

Purpose of the study: This study aims to explain the effect of Islamic Banking Intellectual Capital and Islamic Social Reporting on the Islamic Financial Performance Index of Sharia Bank Indonesia. Methodology: The data obtained in this study consisted of a total of 368 from annual financial reports and sustainability reports that were officially published by each Islamic bank in Indonesia. The analytical method used in this study is the Partial Least Square (PLS) method which is processed with SmartPLS 3 software. Main Findings: There is an essential influence on the implementation of Islamic Banking Intellectual Capital and Islamic Social Reporting on Islamic Financial Performance in Islamic Banking in Indonesia. This finding also shows that intellectual capital and social reporting by Islamic banks have a significant positive effect on the financial performance of Islamic banks in Indonesia. Applications of this study: This research will help next researchers to develop research in the banking world and can be used by banking institutions to become scientific input. Besides, mobilizing and using intangible resources properly will improve the financial performance of an organization. Novelty / Originality of this study: The existence of Islamic Banking Intellectual Capital combined with Islamic Social Reporting can affect and improve the competitiveness of Islamic Banking in Indonesia. This study will be a complete research and provide clear information for practitioners and academics.

This paper aims at promoting prospective Intellectual Property (IP) securitization as a feasible mode of financing creative industries demanding instant capital to operate, develop products and promote market expansion. The proposed approach is dedicated to accelerate new financial sources of support to strengthen and develop creativity and productivity in the creative industries. The current paper introduces a new legal institution which is not regulated yet under Indonesia's positive laws. It shows how creative companies might use the institution to gain direct and indirect benefits. It is acknowledged that this proposal may spark challenges at the doctrinal, normative and practical levels. At the doctrinal level, the potential for challenge refers to the philosophical issue related to exclusive rights doctrine. At the normative level, the challenges are caused by the absence of regulation concerning IP securitization in Indonesia influencing the validity and viability of IP securitization transactions. At the practical level, this proposal may not guarantee the certainty of IP valuation as a unique asset involving complex procedures, interdisciplinary laws, profesionals and so forth. In order to overcome the doctrinal challenge, this paper offers relevant principles which may function to balance the acceleration of IP securitization as a new financing mechanism for creativity and prevent unrestricted exploitation of IP exclusive rights. For addressing any normative and practical challenges, this work promotes the need for government involvement in developing and promoting IP securitization by providing economic and legal frameworks, started by enactment of IP securitization regulation and the establishment of infrastructures for IP securitization

The government of the South Kalimantan Province moved the provincial capital from Banjarmasin to Banjarbaru at the end of 2011. However, there has not been a clear decision as to what the government's old building will be used for. One thing is clear, the utilization has to be optimized by considering the local government regulations. The aim of the research is to examine the highest and the best alternatives of utilization that can be adopted for such an asset. Non-probability sampling method was used in the research to find the alternatives. The alternatives were analyzed by using the highest and the best use analysis as the relevance test instrument for each of them. After analyzing the alternatives, the benefit-cost ratio (BCR) analysis was conducted to analyze the alternatives prior to determining their feasibility. Legal analysis, physical analysis, financial analysis, and the maximum productivity analysis were the stages conducted on the research based on highest and best use analysis. Based on the result of the research, the alternative which is feasible to do is that the building is used for other governmental or public purposes. Through the analysis, the alternative meets the criteria of the analysis as mentioned before with NPV Rp. 747,439,143 and BCR 1.024. Furthermore, according to 42.5 percent of the respondents, the building is best used for UPT offices and other institutions.

Supervision is essentially an act of judging or testing whether something has been going according to a predetermined plan. With the supervision will be found that mistakes will eventually attempted repairs, the most important not to mistake happen again. Supervision is always required for all actions the central government and local authorities. Its main purpose is to avoid actions that harm the public interest, or at least to reduce as much as possible it happened. Supervision is more focused or focused on the evaluation and corrective actions to the results that have been achieved, with the intention that the proceeds according to plan. Therefore, the role of oversight agencies, in particular local government agency internal controls (Inspectorate) in the county / city in the course of carrying out the task of supervision of the machinery of government in the area of governance in order to realize good local governance, is crucial. Because the performance capabilities of internal oversight agencies also contribute to determine the successful management of local governance, since this institution has a range of supervisory duties are quite broad and has a strong position and strategic. This is because the Regional Inspectorate districts / cities in its duty to supervise not only the aspects of the use of financial / budget area, but his supervision more broadly is regarding the duties and functions, performance, and discipline region official. To realize this, the role of internal oversight agencies (Inspectorate) district / city, should be improved and optimized, so that local governance that can both manifestation.