The Goal of Islamic Financial Management and Conventional Financial

Management: Study Comparative of Bank Syariah Mandiri dan Bank

Mandiri
Islam as a perfect religion comes to this world not only as the
package and set of believe. More over it is came as the complete code of
life based on the Holy Quran and Sunnah. Further, the financial aspect of
human life is also included as the part of islamic value introduced in Islam
from 1400. The financial aspect is only a dimension of the complete
human life in Islam, though it is give substantial importance to any
business organization in the term of achieving organization goals.
The Islamic banks and financial institution has been facing some
problems in continuing their business operations and other matters
related to their relations with other banks and financial institutions. The
problems are related tomanagerial functions includes Islamic planning
andorganiz Islamic management way of direction, motivation under
Islamic management and Islamic control system financial, regulatory and
legal aspects. The goal of this paper is to know the comparison between
Islamic Financial Management and Conventional Financial Management in
two difference based company Bank Syariah Mandiri and Bank Mandiri.
The ultimate goal of Islamic Financial Management (IFM) is to
maximize current share prize by maintaining highest satisfication of Allah
(SWT). This maximization is both benefits of life in this here and hereafter.
The maximization of this world will be reached through the maximizing
current share prize to oa reasonable extent is the benefit here or in the
world. The benefit in hereafter is to earn satisfication of Allah through the
maximizing welfare (falah) by maintaining shariah guidelines is the benefit
in hereafter.While the ultimate goal of Conventional Financial
management is to maximize current share prize and has no bother the
benefit of here after. This different can be seen through the vision and
mission of both companies as described below:
Vision and Mission of Mandiri
Syariah
Vision:
The Leading & Modern Sharia Bank
Mission:
Mewujudkan
pertumbuhan
dan keuntungan di atas ratarata
industri
yang
berkesinambungan.
Meningkatkan
kualitas
produk dan layanan berbasis
teknologi, yang melampaui
harapan nasabah.

Vision and Mission of Mandiri

vision :
Becomes
Indonesia
's
most
admired and progressive Financial
Institutions
Mission:
Oriented to the market needs
Developing human resources
professionals
Giving the maximum profit for
stakeholders
Implement open management
Care about the interests of

society and the environment

Mengutamakan
penghimpunan dana murah
dan penyaluran pembiayaan
pada segmen ritel.
Mengembangkan bisnis atas
dasar
nilai-nilai
syariah
universal.
Mengembangkan
manajemen
talenta
dan
lingkungan kerja yang sehat.
Meningkatkan
kepedulian
terhadap masyarakat dan
lingkungan.
The IFM does not allow a number of practice as interest, gambiling,
hoarding, dealing in unlawful goods or service, short sale and speculative
transaction which cause imbalances in the society and tend to
concentrate wealth in the hands of a few. While the conventioanl allows a
number of interest, gambling, hoarding, dealing in unlawful goods or
service, short sale and speculative transaction which cause imbalances in
the society and tend to concentrate wealth in the hands of a few. This is
described clearly in the field of work of both companies as described
below

In the conventioanl Financial managemant wealth is only the physical

element of life. While the IFM whealth consist of two elements of life both
physical and spiritual. The conventioanl financial management has two
main source one is equity and another is interest based debt. While the

interest based system is the explicit prohibitition in the Islamic Financial

Syatem. `