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The Influence of ZIS, Islamic Human Development Index, and Investment on Indonesia's Economic Growth: An ECM Model Analysis Faizi; Latifah, Nahsa Noor
Ijtimā iyya Journal of Muslim Society Research Vol. 9 No. 1 (2024)
Publisher : Postgraduate, State Islamic University Prof. K.H. Saifuddin Zuhri Purwokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24090/ijtimaiyya.v9i1.10655

Abstract

Economic growth refers to the generation of additional income for a society within a specific time frame through economic activities. This is often measured by GDP. However, despite an increase in GDP, Indonesia's economic growth as a developing country is still considered unoptimal. Therefore, the purpose of this research is to analyze the impact of ZIS, I-HDI, FDI, and Domestic Investment on Indonesia's economic growth from 2013 to 2022, spanning ten years. This study adopts a quantitative approach and uses an ECM model. The findings indicate that ZIS, I-HDI, and Domestic Investment have a significant positive long-term effect on economic growth, but their impact is not significant in the short term. Conversely, FDI has an insignificant negative effect on both long-term and short-term economic growth. When analyzing all the factors simultaneously, the results demonstrate that ZIS, I-HDI, FDI, and Domestic Investment collectively have a significant effect on economic growth in both the long and short term. Building on these findings, policymakers should delve deeper into the specific mechanisms through which ZIS, the Islamic Human Development Index, FDI, and Domestic Investment influence economic growth in both the short and long term. By understanding the intricate connections between these factors and economic growth, policymakers can develop more targeted and effective strategies to promote sustainable and balanced economic development.
Restrukturisasi Pembiayaan Bermasalah pada Perbankan Syariah di Masa Pandemi Covid-19: Perspektif Fatwa MUI dan POJK Faizi; Satrio Adiputro
IQTISHADIA Jurnal Ekonomi & Perbankan Syariah Vol. 10 No. 1 (2023)
Publisher : Institut Agama Islam Negeri Madura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19105/iqtishadia.v10i1.8069

Abstract

The current restructuring has been extended until 2023 due to micro, small and medium businesses are still affected by Covid-19. This study aims to find out and analyze the application of BTN Syariah KCS Pasar Minggu regarding the restructuring of troubled financing on mortgage products based on POJK number 11/POJK.03/2020, POJK Number 48/POJK.03/2020, POJK Number 17/POJK .03/2021 and DSN MUI Fatwa Number. 48/DSN-MUI/II/2005. This study uses a descriptive qualitative research method. with the subjects taken were Unit Head Collection, Staff Collection and Customers. This study used primary and secondary data sources with interviews, observation, and documentation data collection techniques. The results of this study indicate that the restructuring policy made by the OJK helps improve the economy in Indonesia with customers who can extend payment terms from the bank so that they can fulfil their payment obligations at a predetermined time. In addition, the restructuring provisions stipulated by the DSN MUI are implemented very well and reflect sharia financial practices that align with the main objective of sharia (Maqashid al-shariah) and strengthen the national economy.
Are Cryptocurrencies Ḥaram? A Critical Analysis toward MUI’s Fatwā Faizi
AL-IHKAM: Jurnal Hukum & Pranata Sosial Vol. 18 No. 2 (2023)
Publisher : Faculty of Sharia IAIN Madura collaboration with The Islamic Law Researcher Association (APHI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19105/al-lhkam.v18i2.8290

Abstract

This paper critically examines the Indonesian Ulema Council's fatwā which prohibits cryptocurrency. The critique focuses on three aspects of the ban. The first is criticism for banning cryptocurrency which is considered to contain garar and ḍarār, and is contrary to Law No. 7 of 2011 and Bank Indonesia Regulation No. 17 of 2015. The second is criticism of the illegality of buying/selling cryptocurrency, which is positioned as a digital asset/commodity that contains garar, ḍarār, qimār, and does not meet the sil’ah criteria. The third is criticism of the permissibility of cryptocurrency as a commodity/asset when it fulfills the sil’aḥ criteria and has underlying and clear legal benefits to be traded. This study adopted a qualitative approach. The conclusion reveals that MUI's fatwā on cryptocurrencies was not built on solid legal reasoning and did not consider the benefits of technological advances. The MUI's fatwā is based on the principles of Islamic law, specifically garar, ḍarār, and qimār, which are used to evaluate the legality of trading commodities or digital assets, such as cryptocurrencies. However, it is important to note that the MUI's fatwā does not consider the potential benefits of cryptocurrencies, such as their use as a new form of investment and their potential to revolutionize industries by enhancing security, and efficiency, and creating new trading opportunities in the digital age. In terms of non-Sharia technology, it is seen as a tool that can be used for good or evil, and its permissibility depends on its use. Blockchain technology, which underpins cryptocurrencies, is considered acceptable because it makes transactions more secure and enables the use of smart contracts.
Penerapan Ushr Pada Masa Khulafaurrasyidin dan Perbedaannya dengan Bea Cukai di Indonesia Nur Afhdal Dzikra, Moh; Shaquille Lesmana, Kevin; Faizi; HS, Sufyati
JOSEE : Jurnal Intelektual Mahasiswa Vol 1 No 01 (2023): Journal Of Islamics Economics
Publisher : Sekolah Tinggi Ekonomi Syariah Manna Wa Salwa Tanah Datar Sumatera Barat

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Ushr merupakan salah satu kebijakan fiskal pada masa Khulafaurrasyidin yang berarti pungutan dari harta yang diperdagangkan jika seorang pedagang melewati batas negara nya, besarannya dikenakan berdasarkan beberapa golongan. Saat ini, ushr mungkin lebih dikenal sebagai Bea cukai, namun ternyata ada beberapa perbedaan yang terdapat diantaranya kedua baik berupa penerapannya ataupun konsepnya. Saat ini penulis akan memaparkan bagaimana penerapan ushr pada masa Khulafaurrasyidin dan perbedaannya dengan Bea Cukai pada masa sekarang menggunakan metode penelitian kepustakaan dengan membaca jurnal - jurnal terdahulu.
SOSIALISASI DAN EDUKASI LEMBAGA PEMBIAYAAN SYARIAH BAGI PENGURUS MASJID KEMENTERIAN/LEMBAGA DAN BUMN Kusumastuti, Retno Dyah; Faizi; Kusuma, Airlangga Surya
Jurnal Serina Abdimas Vol 1 No 4 (2023): Jurnal Serina Abdimas
Publisher : Lembaga Penelitian dan Pengabdian Kepada Masyarakat Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jsa.v1i4.28309

Abstract

ABSTRACT Indonesia, where the majority of the population is Muslim, has great potential to become a center for the development of Islamic finance, including Islamic financing institutions. However, the development of Islamic financing institutions themselves is still relatively small. One of the problems hindering the development of Islamic financing institutions is the low level of public Islamic financial literacy. In addition, the community also still considers Islamic financing institutions to be the same as conventional financing institutions. Therefore, it is necessary to conduct training to improve the understanding of Islamic financing institutions in the community. To be more effective, the training should be aimed at those who have influence in society, such as mosque administrators. It is hoped that with this training, the understanding of mosque administrators regarding Islamic financing institutions can increase, and mosque administrators can pass on knowledge about Islamic financing institutions to the wider community. To carry out the training, the UPN Veterans Jakarta service team then collaborated with the Forum for Mosque Administrators of Ministries/Agencies and State-Owned Enterprises to hold socialization of Islamic financing institutions for mosque administrators. This service activity method uses the lecture method as a method for socializing Islamic financing institutions, which is then followed by a question and answer session. In the future, it is hoped that mosque administrators will be able to pass on knowledge about Islamic financing institutions to the wider community so that understanding of Islamic financing institutions in the community will also increase. ABSTRAK Indonesia yang mayoritas penduduknya beragama Islam memiliki potensi yang besar menjadi pusat pengembangan keuangan syariah, termasuk lembaga pembiayaan syariah. Namun perkembangan lembaga pembiayaan syariah sendiri masih relatif kecil. Salah satu permasalahan yang menghambat perkembangan lembaga pembiayaan syariah adalah rendahnya tingkat literasi keuangan syariah masyarakat. Selain itu masyarakat juga masih menganggap lembaga pembiayaan syariah sama dengan lembaga pembiayaan konvensional. Oleh karena itu, perlu dilakukan pelatihan untuk meningkatkan pemahaman lembaga pembiayaan syariah di masyarakat. Agar lebih efektif, pelatihan tersebut sebaiknya ditujukan ke pihak-pihak yang memiliki pengaruh di masyarakat, seperti pengurus masjid. Diharapkan dengan pelatihan tersebut, pemahaman pengurus masjid terkait lembaga pembiayaan syariah dapat meningkat, dan pengurus masjid dapat meneruskan pengetahuan mengenai lembaga pembiayaan syariah ke masyarakat luas. Untuk melaksanakan pelatihan tersebut, tim pengabdian UPN Veteran Jakarta selanjutnya bekerjasama dengan Forum Silaturrahim Takmir Masjid Kementerian/Lembaga dan BUMN untuk mengadakan sosialisasi lembaga pembiayaan syariah bagi pengurus masjid. Metode kegiatan pengabdian ini menggunakan metode ceramah sebagai metode untuk sosialisasi lembaga pembiayaan syariah, yang selanjutnya dilanjutkan dengan sesi tanya jawab. Kedepannya diharapkan pengurus masjid dapat meneruskan pengetahuan mengenai lembaga pembiayaan syariah ke masyarakat luas, sehingga pemahaman mengenai lembaga pembiayaan syariah di masyarakat juga meningkat.