a tazkia experience

MEETING THE CHALLENGES IN HUMAN CAPITAL DEVELOPMENT

FOR ISLAMIC FINANCE INDUSTRY:

A TAZKIA EXPERIENCE

Dr. Muhammad Syafii Antonio, M.EcChairman of TAZKIA, ARK, ASYKI, PayTren

KEIN & Shariah Council of IDB Jeddah

Jl. Ir. H. Juanda No.78 Sentul City

1. Believe Before Action

2. Knowledge Integration

3. Balancing the skill and competence

4. Hard VS Soft Competences

5. Developing Sense of Responsibility

6. Learning and Education Model

Outline

Strategic Values to Believe in

Tauhid (belief)

Amanah (trust)

Zero Defect & Quality

Knowledge & Competence

Innovative & Istiqamah

Achievement through team work

TAZKIA STRATEGIC VALUE

Balancing the skill and competence

Shariah Finance

7

Spin-Off/Transformation of Shariah Banking Unit/UUS, Bank Jabar Banten into Bank BJB Syariah 2008 – 2009

Transformation of Shariah Banking Unit/UUS, PT. Bank BRI Tbk. into Bank BRI Syariah through acquisition and conversion of Bank Jasa Artha 2006 – 2007

Transformation/full conversion of Bank Susila Bhakti (BSB) to Bank Syariah Mandiri (BSM) 1999

iB – Business Transformation

8

Establishment of Shariah Unit (UUS) of Bank Bukopin, 2000

Establishment of Shariah Unit (UUS) of Bank Jabar, 2000

Establishment of Shariah Unit (UUS) of Bank Danamon Indonesia,

2002

Establishment of Shariah Unit (UUS) of Bank BII, 2003

Establishment of Shariah Unit (UUS) of Bank BPD Aceh, 2003-2004

Establishment of Shariah Unit (UUS) of Bank Sumut, 2004

Establishment of Shariah Unit (UUS) of Bank BTN, 2004-2005

Establishment of Shariah Unit (UUS) of Bank BPD Kaltim, 2006

Establishment of Shariah Unit (UUS) of Bank Ekspor Indonesia,

2006-2007

Establishment of Shariah Unit (UUS) of Bank BPD Jateng, 2007

iB – Est. of Shariah Unit

9

Establishment Shariah Branch at Asuransi Panin Life Tbk.

Establishment Shariah Branch at Asuransi Ramayana

Establishment Shariah Branch at Asuransi Wana Artha

Establishment Sharia Custodian Bank at Citigroup

Establishment Shariah Multi Finance at Bhakti Finance

Establishment Shariah Multi Finance at KITA Finance

Non-bank – Est. of Shariah Unit

Knowledge Integration

Knowledge Integration Process

Conventional

Insertion

Modification

Islamic

Conventional

(1-10 %)

Insetion

(11-33 %)

Modification

(33% -63%)

Islamic

(64-100%)

Integration process

Hard VS Soft Competences

MICRO FINANCE VILLAGES

BELIEVE (TAUHID)

HONESTY

HALAL ORIENTED

INTEGRITYFOR PERSONAL EXCELLENCE

TRUSTWORTHY FOR INTER-PERSONAL CAPITAL

AMANAH (RELIABILITY)

EMOTIONAL AND PHYSICAL

FITNESS

ACCOUNTABILITY

COMPETENCYFOR PROFESSIONALISM & QUALITY

KNOWLEDGE MANAGEMENT

ITQAN FOR QUALITY DRIVEN

EFFECTIVE TIME

MANAGEMENT

COMMUNICATIVEFOR VISIONARY LEADERSHIP

CLEAR VISION

TEAM WORK

MOTIVATION AND INSPIRATION

Developing Sense of Social and

Economic Responsibility

The SME Empowerment “House”

Shad

aqah

/ C

harity

Micro

C

redit

Sav

ing

Com

mercial

Fin

ancin

g

Risk

Pro

tection/

Social S

ecurity

Economic Wellbeing of SMEs

BAYTUL

MAAL

BAYTUT

TA’MIN

BAYTUT-TAMWIL

LKM, BMT, BPRS

ECONOMIC EMPOWERMENT STRATEGY FOR LOW INCOME SOCIETY

Community ABC

Urban poor/village needy/small and micro

enterprises

BAYTUT

TA’MIN

BAYTUL

MAAL ABC

BAYTUT

TAMWIL

ABC

LKMK

BMlocal

KBMT

BPRS

Membership savingRegular saving

Voluntary saving

Zakat Infaq

Shadaqah

grant, education, institutional/capacity

building, soft loan

Deposit, and dedicated financing

city/small town/village

life, health, general, pension, etc

Woman as Second Economic Egine of the Family

WEEKLY DISBURSEMENT AND SAVING ACTIVITIES

INITIAL SOCIALIZATION

LEARNING MODEL

Candidates graduated from SMU, SMK and

Aliyah

Selection:Academic Potential

Test (TPA) / SMART Tes

Placement Test:Arabic, English,

Mathematics & Computer

Matriculation:ArabicEnglish

MathematicComputer

Effective Learning MethodsLeadership

Dirasah Islamiyah

Learning Process:2,5 YEARS

Research for Academician

On the Job Training for Professional

Feasibility Studies for

Entrepreneur

Tutorial (Boarding – 1 month)

Examined by both Internal and External Examiner

1 year

Students have to undertake

matriculation program (boarding)

Graduates Bourse

Motivator for People’s

Economic Development

5 Months

EDUCATION & LEARNING PROCESSS

EXECUTIVE ENTREPRENEUR

COMDEV ACADEMICIAN

GRADUATES

LEAF FROGSTRATEGY

DOUBLE DEGREE

Tazkia Experiences on education

Jl. Ir. H. Juanda No.78 Sentul City

Coordination Among 3 Authorities

34

OTORITAS JASA KEUANGAN OTORITAS MONETER OTORITAS FISKAL

Bank Syariah

Bank Infrastruktur

BPR Perbankan Pendidikan

BPRS Kesehatan

Dana Pensiun Sosial

Pegadaian

Asuransi Non Bank Sektor Produktif Pemetaan

Reksadana Industri per wilayah

Multifinance Agriculture per proyek

Perdagangan per tenor

Pasar Obligasi per skala usaha

Pasar saham

Proyek Swasta

Pasar

Keuangan

Proyek

Pemerintah

Obligasi

Korporasi

Proyek-proyek

pemerintahBank Indonesia

Aktifitas Ekonomi

Obligasi

pemerintah

Unit Usaha

Syariah

LKNB syariah

aliran dana

aliran dana

IAI

Baznas

Basyarnas

Asosiasi

UUS

Depositors

- Publik

- Pemerintah BPRS

- Asing (terbatas)

BMT

LKS non bank

Islamic Stock Market

Central Bank

Investment Certificate

Dewan Syariah NasionalKomite Perbankan

Syariah

Lembaga Rating

Dewan Pengawas Syariah

Islamic Money Market

Islamic

Insurance/Takaful

Islamic Capital

(Sukuk) Market

Bank Syariah

Medium and Large

Business

Small and Micro Business

Lembaga

Penjamin

LINKAGE LEMBAGA KEUANGAN SYARIAH

Tampak

Tersembunyi

Ketrampilan

Pengetahuan

SikapKarakterMotivasiBakat

B MK

S

N

K P

Model Gunung Es dan Lingkaran Terpusat Kompetensi

Karya

Lingkungan

Perilaku P

© JS

Komponen Kompetensi

Karya Penyanyi, Artis

Pengetahuan Konsultan, Juru Taksir

Ketrampilan Pilot, Tukang Las

Perilaku Kasir, Operator Telpon

Sikap Penerima Tamu

Motif Sales

Bakat Tester

© JS

Jenis Kompetensi & Profesi

Sistem MSDM-BK Terpadu

Kompensasi

Pelatihan & pengembangan

Perencanaan suksesi

RekrutmenSeleksi

Performansi

Jalur karir

Evaluasi dan Job desain

Informasi :- Jabatan :

kompetensi yang dibutuhkan

- Individu : kompetensi yang dimiliki

© JS

National Sharia Board

National Islamic

Arbitrage Board

Indonesian Institute of

Accountants

Certification Institutions for Microfinance

ProfessionalsBANK INDONESIA

Fatwas

Regulations: licensing & supervision

Capicity Building

TA, advocacy & Participation in Policy

Dialogue

Statement of Financial

Accounting Standard

Dispute Mediation

A wholesale Apex for Financing MSMEs

Projects

Certification for BoD

Deposit Insurance

Corporation

Infrastruktur Keuangan Syariah

Financial Service Authority (OJK)

Quick Win

Tax incentives plusdividend policy and

remuneration scheme

Competitiveness

Capital acc’ion

Establishing Sharia State owned banks: BUMNs,

BPD Holding, Conversion

Economic of scale

Cross-sectorialfinancing: e.g. voluntary

sector

Support to create new Industrial Branding

Lower risk premium

Higher preference

Long-Mid Term Impact

Supporting the development of Human resources and service

excellence

Higher efficiency

Developing Infrastructure: liquidity market, market

information

Prudential regulation and supervision

Regulatory synchronization(AKSI)

Fin & Op’nal s’ness

positioning

High growth

LEGEND:

Market creation

Willingness to utilize iBs in government projects and

activities, and relaxation on NOP, GWM, Modal

Strategi Mendorong Pertumbuhan Industri Perbankan Syariah

41

Retail Konsumtif

Retail Produktif (SMEs)

Corporate

Government

Unbankable(micro)

Bisnis Model

Investment Banking Development/

Infrastructure Banking Special Purpose Banking

for Hajj Agriculture Banking

Infrastructure Banking Corporate/Wholesale

Banking Investment Banking

Commercial Banking Retail Business Banking

Consumer Banking Retail Banking

Micro Banking Branchless Banking

Community Banking (for women)

Potensial Market

• Sektor usaha di Indonesia diidominasi UMKM dg pangsa 99.9% (53.823.732 unit)

• Pangsa Kredit Perbankan ke sektor UMKM 20.7% (481.2 T)

• 50% populasi dewasa belum memiliki akses finansial formal

• Total penyaluran dana KUR Pemerintah 2011 20 T(2011)

• Target populasi Buruh Migran domestik & internasional dan masyarakat terpencil

• Dana Haji Daftar tunggu Calon Haji mencapai sekitar 1 juta orang (Mei 2012). Potensi dana haji sekitar Rp 25 T, 19% dikelola

bank syariah (4,5 T). • Dana pembangunan infrastruktur yang disalurkan melalui

Kementerian Pekerjaan Umum Rp 75,15 triliun• Kebutuhan dana pembangunan infrastruktur untuk mendukung

MP3EI sd 2025 sebesar Rp 1.923 triliun• Sektor Pertambangan 150 T

• Pembiayaan IDB untuk swasta dalam negeri senilai US$1,1 miliar hingga 2014.

• High net worth individual (HNWI) Indonesia Oktober 2011 mencapai 112 ribu orang (Credit Suisse Research Institute)

• Investor lokal di Indonesia (Juni 2012) sebanyak 363.094 orang atau 0,2 persen dari total penduduk Indonesia

Middle Class meningkat GDP meningkat, angka kemiskinan menurun, konsumsi masy meningkat Nasabah Mass Affluent dengan Layanan 24/7

Peningkatan kelas menengah 9 juta jiwa/tahun+baglock perumahan 13,6 juta unit

Total kebutuhan rumah per tahun bisa mencapai 2,6 juta rumah (REI)

Proyeksi penjualan mobil tahun 2012 mencapai 875,000 unit (GAIKINDO)

Potensi Pengembangan Bisnis Bank Syariah

9. Basic Requisites for Islamic Managers

1. Working knowledge of Arabic needed for understanding of the Qur’an, the sunnah and fiqhliterature.

2. Knowledge of ayat and ahadith that deal explicitly and implicitly with financial matters

3. Knowledge of Islamic jurispudence, the methodology of usul-al-fiqh and the objectives of shari’ah as well as the qawaid-al-fiqhiyyah

4. Knowledge of fiqh al-Maal and al-Milkiyyah(property and property rights)

5. Knowledge of fiqh al-Buyu’ (Islamic laws relating to market and exchange)

6. Knowledge of application of shari’ah in financial transactions with particular emphasis on Islamic contracts of exchange as a method of financing, such as mudarabah (agency, trust financing), musharaka(partnership, profit-sharing), ijarah (leasing), bai’ murabaha bi saman ‘aajil (markup leased trading with deferred payment), bai’ istisna’ (construction contract), bai’ salam (forward sale), etc.

7. Knowledge of comtemporary innovations in the use of sale of contracts as tools for financing, such as sukook.

8. Skills needed for customer satisfaction

9. Knowledge of views of contemporary Muslim thinkers on financial matters

10. Competence to conduct ijtihad in development of new Islamic products

a tazkia experience

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