Business Process Reengineering of Funding on Indonesia’s Islamic Banks

<p>This research attempts to analyze the value chain of Islamic banking business processes and to develop a business processes model on depositors’ funds in order to improve the performance of Islamic banks. Four models of Islamic banking operating in Indonesia are used as the objects of the s...

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Main Authors: Aslam Mei nur Widigdo, Marimin Marimin, Idqan Fahmi, Irfan Syauqi Beik
Format: Article
Language:English
Published: Syarif Hidayatullah State Islamic University of Jakarta 2016-02-01
Series:Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah
Subjects:
Online Access:http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/1988
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author Aslam Mei nur Widigdo
Marimin Marimin
Idqan Fahmi
Irfan Syauqi Beik
author_facet Aslam Mei nur Widigdo
Marimin Marimin
Idqan Fahmi
Irfan Syauqi Beik
author_sort Aslam Mei nur Widigdo
collection DOAJ
description <p>This research attempts to analyze the value chain of Islamic banking business processes and to develop a business processes model on depositors’ funds in order to improve the performance of Islamic banks. Four models of Islamic banking operating in Indonesia are used as the objects of the study. This research applies qualitative study (exploratory) approach and utilizes primary data obtained from questionnaire and interviews. This data are then processed by value stream mapping and process activity mapping. This study shows that the waiting time for services is the sub-stage of business process that does not have value added and categorized as pure waste based on VSM criteria. The reengineering of business process of the third party fundraising may reduce collection time up to 1490 minutes for corporate customer and 22 minutes for individual customer</p><p>DO: <a href="http://dx.doi.org/10.15408/aiq.v8i1.1988">10.15408/aiq.v8i1.1988</a></p>
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spelling doaj.art-b130c2c4de4246c292a0e56728883b132022-12-22T02:03:53ZengSyarif Hidayatullah State Islamic University of JakartaAl-Iqtishad: Jurnal Ilmu Ekonomi Syariah2087-135X2407-86542016-02-018110.15408/aiq.v8i1.19881777Business Process Reengineering of Funding on Indonesia’s Islamic BanksAslam Mei nur Widigdo0Marimin Marimin1Idqan Fahmi2Irfan Syauqi Beik3Bogor Agricultural UniversityBogor Agricultural UniversityBogor Agricultural UniversityCenter of Islamic Business and Economic Studies (CIBEST), Institute of Research and Community Empowerment, Bogor Agricultural University<p>This research attempts to analyze the value chain of Islamic banking business processes and to develop a business processes model on depositors’ funds in order to improve the performance of Islamic banks. Four models of Islamic banking operating in Indonesia are used as the objects of the study. This research applies qualitative study (exploratory) approach and utilizes primary data obtained from questionnaire and interviews. This data are then processed by value stream mapping and process activity mapping. This study shows that the waiting time for services is the sub-stage of business process that does not have value added and categorized as pure waste based on VSM criteria. The reengineering of business process of the third party fundraising may reduce collection time up to 1490 minutes for corporate customer and 22 minutes for individual customer</p><p>DO: <a href="http://dx.doi.org/10.15408/aiq.v8i1.1988">10.15408/aiq.v8i1.1988</a></p>http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/1988Indonesia Islamic Banking, Business Process Reengineering, Value Stream Mapping
spellingShingle Aslam Mei nur Widigdo
Marimin Marimin
Idqan Fahmi
Irfan Syauqi Beik
Business Process Reengineering of Funding on Indonesia’s Islamic Banks
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah
Indonesia Islamic Banking, Business Process Reengineering, Value Stream Mapping
title Business Process Reengineering of Funding on Indonesia’s Islamic Banks
title_full Business Process Reengineering of Funding on Indonesia’s Islamic Banks
title_fullStr Business Process Reengineering of Funding on Indonesia’s Islamic Banks
title_full_unstemmed Business Process Reengineering of Funding on Indonesia’s Islamic Banks
title_short Business Process Reengineering of Funding on Indonesia’s Islamic Banks
title_sort business process reengineering of funding on indonesia s islamic banks
topic Indonesia Islamic Banking, Business Process Reengineering, Value Stream Mapping
url http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/1988
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AT mariminmarimin businessprocessreengineeringoffundingonindonesiasislamicbanks
AT idqanfahmi businessprocessreengineeringoffundingonindonesiasislamicbanks
AT irfansyauqibeik businessprocessreengineeringoffundingonindonesiasislamicbanks