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All Journal Journal of Economics, Business, & Accountancy Ventura al-Uqud : Journal of Islamic Economics Khatulistiwa: Journal of Islamic Studies Labatila: Jurnal Ilmu Ekonomi Islam
Iqbal, Ichsan
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Religion Economics, Econometrics & Finance Social Sciences

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Does Corruption Affect Foreign Direct Investment? Empirical Evidence from ASEAN Plus Three Countries Kurniasih, Erni Panca; Islahiyah, Djihan; Kurniawati, Sri; Iqbal, Ichsan
Journal of Economics, Business, and Accountancy Ventura Vol. 26 No. 2 (2023): August - November 2023
Publisher : Universitas Hayam Wuruk Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v26i2.3256

Abstract

Corruption poses a significant challenge in numerous countries, impacting foreign investment, including those within the ASEAN Plus Three (APT) region. This study aims to ascertain the influence of corruption and other factors—specifically, the exchange rate, political stability, and economic growth—on the appeal of foreign direct investment in APT countries. The research employs the Error Correction Model (ECM) for statistical testing to analyze both short- and long-term effects. The findings indicate that corruption and exchange rate fluctuations do not exert a significant impact on foreign investment inflows into APT countries, regardless of the time horizon. In the short term, a surge in corruption cases tends to diminish the interest of potential foreign direct investors. However, over the long term, foreign investors anticipate that APT countries will adopt more stringent measures to combat corruption, thus fostering a corruption-free environment. This expectation is bolstered by the presence of political stability and robust economic growth in APT countries, which stand as pivotal considerations for foreign direct investment. Therefore, APT countries, particularly Indonesia, ought to establish transparent investment guidelines, root out corruption, ensure political stability, maintain exchange rate stability, and prioritize policies aimed at stimulating economic growth in order to entice foreign investment.
Unveiling the links: How poverty, unemployment, education, and income inequality drive crime in Indonesia? Kurniasih, Erni Panca; Andini, Novia; Kartika, Metasari; Dosinta, Nina Febriana; Hamsyi, Nur Fitriana; Iqbal, Ichsan
al-Uqud : Journal of Islamic Economics Vol. 8 No. 2 (2024): July
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26740/al-uqud.v8n2.p189-210

Abstract

Despite a general decline in crime rates in Indonesia, the rising trends in poverty, unemployment, and income inequality in several provinces raise concerns about their potential to incite criminal behavior and escalate crime rates. This study aims to empirically examine the effects of poverty, unemployment, education, and income inequality on crime rates in Indonesia. Utilizing secondary data from the Central Statistics Agency (BPS), the study analyzes a panel dataset comprising 32 provinces over five years through panel data regression techniques. The findings reveal that poverty and unemployment have a significant and positive impact on crime rates, highlighting their critical roles as socioeconomic determinants of criminal activity. In contrast, education levels and income inequality do not exhibit significant effects on crime rates in the Indonesian context. Theoretically, these findings underscore the relevance of economic and social strain theories, which suggest that socioeconomic hardships contribute to deviant behavior as individuals seek alternative means to meet unmet needs. Practically, the study emphasizes the need for targeted poverty alleviation programs and effective unemployment reduction strategies to mitigate crime rates. Policymakers should focus on creating sustainable economic opportunities and strengthening social safety nets in vulnerable regions. This research contributes to the broader discourse on crime prevention by providing insights into the socioeconomic drivers of crime in a developing country context, guiding future strategies to foster social stability and security.
Does Corruption Affect Foreign Direct Investment? Empirical Evidence from ASEAN Plus Three Countries Kurniasih, Erni Panca; Islahiyah, Djihan; Kurniawati, Sri; Iqbal, Ichsan
Journal of Economics, Business, and Accountancy Ventura Vol. 26 No. 2 (2023): August - November 2023
Publisher : Universitas Hayam Wuruk Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v26i2.3256

Abstract

Corruption poses a significant challenge in numerous countries, impacting foreign investment, including those within the ASEAN Plus Three (APT) region. This study aims to ascertain the influence of corruption and other factors—specifically, the exchange rate, political stability, and economic growth—on the appeal of foreign direct investment in APT countries. The research employs the Error Correction Model (ECM) for statistical testing to analyze both short- and long-term effects. The findings indicate that corruption and exchange rate fluctuations do not exert a significant impact on foreign investment inflows into APT countries, regardless of the time horizon. In the short term, a surge in corruption cases tends to diminish the interest of potential foreign direct investors. However, over the long term, foreign investors anticipate that APT countries will adopt more stringent measures to combat corruption, thus fostering a corruption-free environment. This expectation is bolstered by the presence of political stability and robust economic growth in APT countries, which stand as pivotal considerations for foreign direct investment. Therefore, APT countries, particularly Indonesia, ought to establish transparent investment guidelines, root out corruption, ensure political stability, maintain exchange rate stability, and prioritize policies aimed at stimulating economic growth in order to entice foreign investment.
PEMIKIRAN EKONOMI ISLAM TENTANG UANG, HARGA DAN PASAR Iqbal, Ichsan
Khatulistiwa Vol 2, No 1 (2012)
Publisher : The Pontianak State Institute of Islamic Studies

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (84.608 KB) | DOI: 10.24260/khatulistiwa.v2i1.191

Abstract

ABSTRACT The making of coins is a guarantee given by the authorities that a coin contains an amount of specific gold and silver content. The manufacture is a religious office, and therefore not subject to temporal rules. And money is used for legal tender, measurement of prices, assets and deposits in banks. Money is not the means to speculate. A fair price is the price at which people sell goods and generally accept as the equivalent of the goods sold in a certain place and at a certain time. The market is the meeting place between demand and supply in order to determine the price. The price depends not only on the supply, but also relies on the strength of demand. Therefore, the increase or decrease in prices are not always related to the decrease or increase in production.
Prinsip Ekonomi Syari’ah Pada Pemotongan Gaji ASN Untuk Zakat Profesi di Kanwil Kementerian Agama Kalimantan Barat Tarmanto, Tarmanto; Iqbal, Ichsan; Luqman, Luqman
LABATILA : Jurnal Ilmu Ekonomi Islam Vol 9 No 02 (2025)
Publisher : Lembaga Penelitian dan Pengembangan Masyarakat IAINU Kebumen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33507/lab.v9i02.3452

Abstract

ABSTRACT Not all civil servants who are Muslim at the Regional Office of the Ministry of Religious Affairs of West Kalimantan Province accept the policy of deducting civil servants' salaries for professional zakat, citing management practices that are considered non-transparent and inconsistent with the principles of Islamic economics. This study aims to examine the policy of deducting civil servants' salaries for professional zakat at the Regional Office of the Ministry of Religious Affairs of West Kalimantan Province from the perspective of sharia economic principles, in order to provide a better, more argumentative understanding based on Islamic economic principles regarding the implementation of professional zakat distribution to civil servants. This is a qualitative descriptive study with an Islamic legal and conceptual approach. Data was obtained through in-depth interviews and informant selection through purposive sampling. The results of the study show that the policy of deducting civil servants' salaries for professional zakat is in line with the main principles of Islamic economics, which emphasise justice and public interest as embodied by a leader in making policies. In this case, the policy of deducting salaries for professional zakat is considered capable of accommodating both theocentric and anthropocentric aspects simultaneously. This is evident from the objectives of the policy, which on the one hand is a form of compliance with Islamic law and on the other hand helps civil servants who are confused about how to distribute their professional zakat. In addition, in terms of its impact, this policy is also in accordance with the principles of Islamic economics, because the process is transparent, there are no violations of Islamic law, and no parties are harmed. Keywords: Sharia Economics, Salary Deduction, Principles, Professional Zakat
Co-Authors Andini, Novia Erni Panca Kurniasih Hamsyi, Nur Fitriana Islahiyah, Djihan Luqman, Luqman Metasari Kartika, Metasari Nina Febriana Dosinta Sri Kurniawati Tarmanto, Tarmanto