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ANALYSIS OF ISLAMIC MONETARY POLICY TRANSMISSION ON BUSINESS SECTOR AND MSME PERFORMANCE Andri Soemitra; Rifki Ismal; Fuadi Fuadi; Haris Al-Amin; Syawal Harianto; Mukhlish Muhammad Nur; Ahmad Fauzul Hakim
E-Mabis: Jurnal Ekonomi Manajemen dan Bisnis Vol 22, No 2 (2021): Volume 22, Nomor 2, Oktober 2021
Publisher : Faculty of Economics and Business, Universitas Malikussaleh

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (295.875 KB) | DOI: 10.29103/e-mabis.v22i2.697

Abstract

Study aims to analyze the form and impact of monetary policy transmission on the business world and MSMEs. The data used in the analysis related to the topic of the study were taken from various literatures, both from books and journal articles. The data from various sources were then analyzed using a literature review approach. Based on the results of the analysis, it was found that there were several forms of transmission of sharia monetary policy and other results found that transmission of sharia monetary policy had a positive and significant impact on the real and financial sectors in general and in particular had a positive and significant impact on the business world and MSMEs.
Peer to Peer Lending , E-Money, and Crowdfunding Economic Perspective Sharia Novita Sari Pulungan; Andri Soemitra; Rukiah Lubis
Manajemen Kreatif Jurnal Vol 1 No 1 (2023): Februari: Manajemen Kreatif Jurnal
Publisher : Sekolah Tinggi Ilmu Ekonomi Trianandra

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1458.281 KB) | DOI: 10.55606/makreju.v1i1.924

Abstract

The development of information technology has penetrated all financial sectors, including sharia financial technology. The concept of Sharia Fintech Innovation must be guided by the Qur'an and Sunnah. By the Fatwa of the National Sharia Council-Indonesian Ulema Council (DSN-MUI). Of the many startups registered with the OJK and BI, only a small number operate according to sharia principles. The lack of literacy related to sharia fintech innovation is the reason why conventional fintech products and services are more attractive to the public. This study aims to explain the concept of fintech products and services in sharia principles and is limited to three products, namely Peer to Peer Lending, E-Money, and Crowdfunding. The method used in this research is literature study, by taking various references and literature related to research. The results of the study explain that 1) Sharia principles related to peer-to-peer lending, e-money, and crowdfunding are by the Fatwa of the National Sharia Council-Indonesian Ulema Council, namely that one must avoid Riba, Gharar, Maysir , Tazlis, Ishraf and transactions of illicit goods. 2) The contracts used for peer-to-peer lending are in line with the characteristics of financing services such as al-bai', ijarah, mudharabah, musyarakah, wakalah bi al ujrah, and qardh. Whereas e-money uses two contracts, namely the contract between the Issuer and the Holder using a wadiah contract and the contract between publishers and traders using a wakalah contract.
The implementation of waqf planning and development through Islamic financial institutions in Indonesia Sugianto Sugianto; Andri Soemitra; Muhammad Yafiz; Ahmad Amin Dalimunthe; Reza Nurul Ichsan
JPPI (Jurnal Penelitian Pendidikan Indonesia) Vol 8, No 2 (2022): JPPI (Jurnal Penelitian Pendidikan Indonesia)
Publisher : Indonesian Institute for Counseling, Education and Theraphy (IICET)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29210/020221430

Abstract

There is assumption in the community that waqf are physically permanent, and handed over directly to Nazir, even though there are also cash waqf through Islamic financial institutions (IFI). The present research was conducted using a qualitative approach This study aims to analyze the implementation of waqf planning by waqif, waqf development by waqf bodies and the structuring of IFI products in Indonesia related to waqf. This study used a qualitative descriptive method using an online questionnaire to waqif and in-depth interviews with waqf institutions and IFI, then analyzed descriptively qualitatively. The results showed that the development of endowments through Islamic financial institutions are carried out by two methods; namely, the development of endowments initiated by LKS and are offered to Waqf Board, and the development of waqf was initiated and offered to LKS by the Waqf Board and the structure of the waqf products consists of two models. One model is not directly made specifically for waqf products, but is linked to the needs of Nazir who have collaborated, and the other one is that LKS products are specifically structured for endowments devoted to mobilizing endowments that are either self-structured by LKS or upon the request by Nazhir.
Menavigasi Pasar Modal Syariah: Pengaruh Komoditas, Makroekonomi, dan Mata Uang Kripto dalam Kerangka Keuangan Islam di Indonesia Didik Gunawan; Andri Soemitra; Isnaini Harahap
JURNAL ILMIAH GEMA PERENCANA Vol 4 No 2 (2025): Jurnal Ilmiah Gema Perencana
Publisher : POKJANAS Bekerja Sama Biro Perencanaan dan Penganggaran, Sekretariat Jenderal Kementerian Agama RI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61860/jigp.v4i2.253

Abstract

This study examines the dynamic interaction of commodity prices (crude oil, gold, coal), macroeconomic indicators (exchange rates, inflation, interest rates), and cryptocurrencies (Bitcoin, Ethereum) on the Indonesian Islamic stock market, using the Jakarta Sharia Index (JII) as a benchmark. The research method employed a quantitative approach, with a Vector Error Correction Model (VECM) model with weekly data from 2018 to 2024. This study found that crude oil and coal prices have a positive effect on the JII in the short term, while gold acts as a safe haven asset with a negative correlation. Exchange rate depreciation and inflation negatively impact the JII, and interest rates have an indirect effect. Cryptocurrencies exhibit a weak correlation, offer diversification potential but raise Sharia compliance concerns due to speculative risks. These findings contribute to the understanding of the impact of global markets on Islamic investment and provide information to policymakers and investors in aligning strategies with the principles of maqasid Sharia.