IPACC J

Saddwi Fitri Yuningsih (20160420177)

Cindy Novita Eka Putri (20160420282)
Dabelistha Seza Depudi (20160420300)
Novita Rahmawati (20160420312)

ASSIGMENT CHAPTER 6

A. Theory
1. Explain the difference between fundraising on an Islamic bank and fundraising on a
conventional bank!
Answer:
The difference is in the contract used if conventional bank only recognizes the system of
fund raising through savings and current accounts with the addition of interest that has been
pegged from the beginning of its magnitude whereas in sharia banking also same with
savings and giro system but using mudharabah and wadiah agreement, both contract can
be applied in savings and demand deposits with additional under-interest bonuses rather
than those applied in conventional banks.

2. Explain what wadiah giro is!

Answer:
Wadiah giro is a demand deposit that must follow the DSN fatwa on wadiah. The Wadiah
Agreement is a fund-raising contract with the provisions of the depositor allowing the bank
to utilize the deposited funds and the bank is required to return if at any time the custodian
takes the funds. In this case, the customer acts as a penitent (mudi ') and the bank acts as
the recipient of the deposit funds (young').
3. Explain the different transfer mechanisms between different bank offices with different
banks!
Answer:
Difference of transfer mechanism between same bank office with different bank office
some transactions that may result in reduced balance of mudharabah savings are cash
withdrawal by customer, transfer to another bank account, transfer to other bank customer,
and withdrawal of administrative cost of savings, tax and other by bank.

2-Jan ursila, BSM bank customers withdraw cash of mudharabah savings of 1,500,000
3-Jan ursila, 500,000 transfers to BMS customer's savings account in solo branch
4-Jan ursila, transfer of 250,000 to bank account of BSM bank
31- deduction of mudharabah ursila savings for savings administration amounting
Jan to Rp.2000 and tax of Rp.4000 (20% of profit sharing received by Rp.20.000)

Journal for the transaction:

Date Account D C
2-Jan tab. Mudharabah-ursila 1,500,000
Cash 1,500,000

3-Jan tab. Mudharabah-ursila 500,000

RAK cabang solo 500,000

4-Jan tab. Mudharabah-ursila 250,000

giro bank indonesia 250,000

31-Jan tab. Mudharabah-ursila 2000

pendapatan administrasi 2000
tab. Mudharabah-ursila 4000
titipan kas negara 4000
So, if we transfer money to another bank or we take money from other banks it will
decrease our balance for administrating also the tax. If we transfer money in the same
bank for example BMS to BMS we are not obliged for paying the administrative also the
tax.
4. Akad walidah widely used by Islamic banks in Indonesia for gyro instruments. (a) Explain
the advantages and disadvantages of walidah accounts for customers; and (b) Analyze the
potentials and practices of using mudharabah contracts in demand deposits.
Answer:
a. Advantages and disadvantages:
1) Advantages:
- The customer can take his money at any time
- In the short term the customer is more profitable because it is not obliged to
administrative money
2) Disadvantages:
- In the long run, the amount of customer money remains the same. Means that
the customer does not get profit or profit sharing, because the system is just
deposit. Which, if done for business, should make a profit.
b. Analyze the potentials and practices of using mudharabah contracts in demand
deposits.
From the results of mudharabah funds management, sharia banks will distribute to the
owners of funds in accordance with the ratio agreed upon and set forth in the account
opening agreement. In managing such funds, the bank is not liable for losses that are
not caused by negligence. However, if what happens is a mismanagement, the bank is
solely responsible for the loss.

5. Mudharabah agreement is used for savings in Indonesia. (a) Explain the advantages and
disadvantages of mudharabah savings for the customer; and (b) Analyze the potential and
practice of using wadiah contract on savings.
Answer:
a. Advantages and disavantages of mudharabah saving for customer
- Advantages
On mudharabah savings, money will 'grow'. The money will increase according to
the profit sharing of the business profits made by the bank. This choice fits exactly
for the type of saving money in the long run.
 - Disadvantages
Mudharabah usually customers will be charged with monthly administration fees.
This means that customer balances will be deducted monthly, just like a
conventional bank. Indeed if compared with the loss in this case, on the fixed
balance wadiah, there is no deduction of administrative costs.
b. Analyze the potential and practice of using wadiah contract on savings
Understanding wadiah in the banking now (sharia bank) is the role that occurs between
the two sides where the customer deposits money in the bank. At which time, customers
can take the deposit back. Principle in entrusting goods of course BPO friends know,
there is no additional or lack of funds deposit it.
For wadiah as explained only in the form of deposit. In the short term it will be
profitable. Customers will usually not be charged anything, such as administrative
costs. But if examined more deeply, if wadiah is done for the long term is clearly
detrimental. Why not, from time to time the value of money will experience inflation.
The value of money that was Rp 1000 in 2001 would not be equal to the value of Rp
1000 in 2016. While the same amount of money, but the value of money will decrease.

6. Look at the financial statements of the last year of an Islamic bank in the presentation of
disclosure funds for fundraising. Check the level of compliance between applied by the
banking with the relevant standard from PAPSI 2013.
Answer:
- We think that in the presentation of the temporary syirkah funds of BTPN Syariah
Bank is not appropriate with PAPSI 2013, because in the financial position report,
there are not account that indicate as temporary syirkah funds. In addition, just the
asset, liability, and equity that are present on that financial report.
- Besides the temporary syirkah funds, all of the report already follow the PAPSI
2013 requirement.

Thus, based on the financial report we can conclude that BTPN Syariah Bank is already
follow the regulaten that are stated in th PAPSI 2013 except for the temporary syirkah
funds.
B. Case
Case 1 (Giro Wadiah)

Date Description Debit Credit

Jan 5 Cash 55.000.000
Giro wadiah – Gina 55.000.000

Jan 6 Giro Wadiah – Gina 18.000.000

Cash 18.000.000

Jan 7 Giro Wadiah – Gina 7.000.000

RAK Daniel Cabang Jakarta 7.000.000

Jan 10 RAK Cabang Yogya 5.000.000

Giro Wadiah – Gina 5.000.000

Jan 15 Giro Wadiah – Gina 15.000.000

RAK PT Andrizal Jaya 15.000.000

Jan 20 RAK Cabang Solo 5.000.000

Giro Wadiah – Gina 5.000.000

Jan 23 RAK Fajar BPS 15.000.000

Giro Wadiah – Gina 15.000.000

Jan 25 RAK Cabang Yogya 12.000.000

Giro Wadiah – Gina 12.000.000

Jan 31 Bonus Wadiah 35.000

Giro Wadiah – Gina 35.000

Jan 31 Giro Wadiah – Gina 10.000

Administration Revenue Giro Wadiah 10.000
Giro Wadiah – Gina 7.000
State Treasure Deposit – Giro Tax 7.000
Case 2 (Mudharabah Deposit)

Date Description Debit Credit

Sept 1 Cash 20.000.000
Mudharabah Deposit – Donal 20.000.000

Sept 25 3rd Party Right of Profit Sharing - Mudharabah Deposit 35.000.000

Unshared Results Sharing 35.000.000

Oct 1 Unshared Results Sharing 80.000

Mudharabah Savings – Donal 64.000
State Treasure Deposit – Deposit Tax 16.000

Oct 1 Mudharabah Deposit – Donal 20.000.000

Cash 20.000.000