Article Per Year (5 Year)
p-Index From 2021 - 2026
0.444
P-Index
This Author published in this journals
All Journal TSAQAFAH : Jurnal Peradaban Islam
Khoirul Umam
Universitas Darussalam Gontor, Jl. Raya Siman No.Km. 5, Dusun I, Demangan, Kec. Siman, Kabupaten Ponorogo, Jawa Timur 63471

Published : 2 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 2 Documents
Search

 1 
Aid or Influence?US Foreign Assistance to Indonesia in Islamic Point of View Syafrina Machfud; Hamid Fahmy Zarkasyi; Khoirul Umam; Imron Mawardi
TSAQAFAH Vol. 21 No. 1 (2025): Tsaqafah Jurnal Peradaban Islam
Publisher : Universitas Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/tsaqafah.v21i1.83

Abstract

Drawing on critiques from Islamic Political Economy (IPE) and Islamic International Relations (IIR), this study analyses the political, economic, and geopolitical implications of United States foreign aid to Indonesia through the lens of the Islamic worldview. Using a philosophical approach, the research interprets the spiritual and ethical dimensions of the Islamic worldview through foundational sources such as the Qur’an, Hadith, and classical Islamic scholarship. The findings reveal that US foreign aid has minimal impact on economic growth. Instead, it predominantly promotes Western-style liberalization, democratization, secularism, and strategic geopolitical objectives, particularly as a counterbalance to China’s influence. This study highlights the misalignment between secular aid strategies and Islamic principles, advocating for policies grounded in the Islamic worldview. By integrating faith-based principles into the analysis of political economy and international relations, the research offers a comprehensive framework for understanding how Islamic ethics can shape governance, international relations, and economic behaviour. As a library-based exploratory study, the findings emphasize the need for further empirical validation through qualitative and quantitative methodologies. This research provides valuable insights into aligning Islamic ethical frameworks with contemporary political and economic practices.
Analysis of the Effect of Novel Coronavirus 2019 (Covid-19) Spreading Toward Sharia Stock Market in Indonesia Arie Rachmat Sunjoto; Khoirul Umam; Miftahul Huda; Shafira Maisaroh Aribah
TSAQAFAH Vol. 20 No. 2 (2024): Tsaqafah Jurnal Peradaban Islam
Publisher : Universitas Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/tsaqafah.v20i2.93

Abstract

The purpose of this research is to identify and analyze the influence ofthe spread of Novel Coronavirus 2019 (Covid-19), the policies of IndonesianGovernment during pandemic (i.e. work from home, large-scale social restrictions(PSBB) and community activities restriction enforcement (PPKM), the movementof FTSE 100 and Nasdaq Composite indexes on Islamic stock market inIndonesia (represented by the Indonesian Sharia Stock Index). This study utilizesthe Vector Error Correction Model (VECM), Impulse Response Function(IRF), and Forecast Error Correction Model (FEVD) approach, with the rangedata from September 2019 to November 2022. The results of this researchindicates that the VECM test showed that Covid-19 case in Indonesia and themovement of FTSE 100 had a significant positive effect on ISSI in the longterm. Meanwhile, in the short term, Covid-19 case in Indonesia and governmentpolicies have had a significant negative effect on ISSI. In the IRF test, this showsthat the Covid-19 case in Indonesia and government policies during pandemichave had a significant negative effect on ISSI. Conversely, the movement of theFTSE 100 and Nasdaq Composite Index has a significant positive effect on ISSI. In the FEVD test, it can be seen that the biggest contribution to ISSI shockmovement was the shock itself of 85.24% and was followed by governmentpolicies, the Covid-19 case, FTSE 100 and Nasdaq. This investigation use threevariables in order to search the effect of these factors on the movement ofsharia stock market in Indonesia. The stock market represented by IndonesianSharia Stock Index (ISSI).
Co-Authors Arie Rachmat Sunjoto Hamid Fahmy Zarkasyi Imron Mawardi Miftahul Huda Shafira Maisaroh Aribah Syafrina Machfud