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Airlangga International Journal of Islamic Economic and Finance

ISSN 2579 - 9169

Vol. 1 / No. 1 / Published : 2018-01

TOC : 4, and page :40 - 47

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Original Article :

A fairness model based on interval type-2 fuzzy set for islamic financing scoring in indonesia

Author :

  1. Galih Kurniawan Sidik*1
  2. Taufik Djatna*2
  1. Mahasiswa Fakultas Ekonomi dan Bisnis
  2. Mahasiswa Fakultas Teknologi Pertanian

Abstract :

Conventional credit scoring model could lead to serious and unfair problems because in certain case it would incriminate one party in financing. Islamic financing scoring model complies with Sharia rules and ensures fairness among parties. Currently, there are no certain rules on Islamic financing scoring model which lead to subjective judgments. In the subjective judgments, words could mean different things to different people. Thus, this paper proposed and deployed models for scoring of default risk level by using Interval Type-2 Fuzzy Set model to support the subjective judgments in maintaining Sharia rules. Installment amount and the sum of delay period has used as variables for that scoring. Interval Type-2 Fuzzy Set model was proposed to support the subjective judgments in maintaining Sharia rules. Beginning delay period also used as a weight to the risk scoring results. Besides that, this paper also proposed the method for computing real loss value. It has used as a basis for fines computation according to default risk level, bad debt expense, and installment weighted average.

Keyword :

default risk level, fines computation, interval type-2 fuzzy set, real loss value, Islamic financing scoring,


References :

  1. Abdou H A, Pointon J., (2011). Credit scoring, statistical techniques, and evaluation criteria: A Review of the Literature. Intelligent Systems in Accounting, Finance, and Management 18. hal 59-88 (2011) : DOI: 10.1002/isaf.325.
  2. Antonio MS, (2001). Bank Syariah dari teori ke praktek. Jakarta (ID): Gema Insani Pr. [BI] Bank Indonesia. 2012. Peraturan Bank Indonesia nomor 14/15/PBI/2012 tentang kualitas aset Bank Umum. Jakarta (ID). : (Islamic Bank, From Theory to Practice)


   


Archive Article

Cover Media Content

Volume : 1 / No. : 1 / Pub. : 2018-01
  1. Designing accounting information system for trading smes: empirical and islamic integration approach
  2. Islamic investment and how to take advantage of capital (the case of global merchants in the city of mataram, lombok, indonesia)
  3. The profit sharing implementation for financing in indonesian islamic banking
  4. A fairness model based on interval type-2 fuzzy set for islamic financing scoring in indonesia
  5. Education, health, and public service in indonesia: an islamic economics view