Posts Tagged shariah banking

Part of research grants on Study on Shariah Banking Systems in Indonesia, SEMS Lab is conducting a Group Model Building Sessions to construct and confirm a policy model that we develop to analyze the impact of various policy in developing the shariah banking. There will be 2 sessions for developing the model. The first session has been conducted today focusing on policymakers and academics to give an overview of the current state of shariah banking and how to foster their growth compared with the traditional banking systems.

We are using system dynamics as the modeling tools, and the first discussion started by playing group games “living loops” for learning the concept of causal loop diagrams. The primary loop of our model is presented and ignited very lively discussions of the what has been done, the future plans and revisions on the relationships of the model variables.

We would like to thank all participants who accepted our invitations and already give us a valuable improvement from our base model.