Luqman Hakim Handoko
Department Of Islamic Banking, Sekolah Tinggi Ekonomi Islam (STEI) SEBI, Depok, Indonesia

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The Implementation of Good Governance in the Era of Caliphate Omar Ibn Abd al-Aziz (61H-101 H/717-720 M) Luqman Hakim Handoko; Saim Kayadibi
Global Review of Islamic Economics and Business Vol 1, No 2 (2013)
Publisher : Faculty of Islamic Economics and Business, State Islamic University Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (600.215 KB) | DOI: 10.14421/grieb.2013.012-04

Abstract

The discussions of good governance are being widely debatable all over the world. The world has arrived at an agreement that good governance has major influence for human resource development in the society. The debate is currently, going on all sectors of activities such the social, economic, and political imperatives, cultural sources and traditions. These have contribution to supervise and govern societies, how to manage business enterprises. The purposeof this paper is to investigate and to understand the theory of good governance from both a modern and Islamic perspective. Firstly, this paper is aimed to find out what is the good governance in modern term. Secondly, this paper will try to explore and explain the siyasah shar?iyyah means concerning to good governance on modern societies. Thirdly, explaining and exploring the concept of good governance in the reign of caliph Omar ibn Abd al-Aziz. Italready known that within short time he was able to bring the khilafah to glorious administration. This paper find that it is believed that the concept of good governance already practised by Caliph Omar ibn Aziz throughout his reign. In addition, there are many successes have been achieved by Omar either in the field of economy, politics and national defense and religious fields where the field may be difficult to achieve today's leaders.
The performance of profit and loss sharing (PLS) products: Evidence from Indonesian Islamic Rural Banking (IRB) Luqman Hakim Handoko; Firmansyah Firmansyah
ISLAMINOMICS: JOURNAL OF ISLAMIC ECONOMICS, BUSINESS AND FINANCE Vol 12, No 1 (2022): ISLAMINOMICS: JOURNAL OF ISLAMIC ECONOMICS, BUSINESS AND FINANCE
Publisher : STES Islamic Village

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47903/islaminomics.v12i1.180

Abstract

The main difference between Islamic banking and conventional is the concept of profit and loss sharing (PLS). Supposedly, banks have to use dominantly this concept. Nevertheless, products based on PLS are less of attention for the bankers to generate profit. Otherwise, the product based on the Murabahah contract is the first choice for the banker for profit-making. Therefore, this research generally aims to examine the performance of Islamic rural banking products as a source of generating revenue. Especially to prove that profit and loss sharing is the best way to generate profit. VECM analysis will apply to identify the contribution of Islamic rural banking products to generate income. In evaluating of financing performance of Islamic banks, the data was collected from the central banks’ reports from 2009 to 2019. The result showed that in the long-run and short-run the PLS financing product (Mudharabah and Musyarakah) has a positive and significant effect on generating revenue. The study also revealed that the impulse response also showed that PLS gives a positive response and is stable in the long run. Furthermore, based on variance decomposition PLS has a bigger contribution to revenue.
ANALISIS KINERJA PERBANKAN SYARIAH DI INDONESIA DAN MALAYSIA DENGAN PENDEKATAN MAQASHID INDEKS Muhammad Al-Ghifari; Luqman Hakim Handoko; Endang Ahmad Yani
Jurnal Ekonomi dan Perbankan Syariah Vol 3, No 2 (2015): JURNAL EKONOMI DAN PERBANKAN SYARIAH
Publisher : Sekolah Tinggi Ekonomi Islam (STEI) SEBI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46899/jeps.v3i2.160

Abstract

The measurement of Islamic banking usually uses a conventional measurement. But to evaluate performance of Islamic banking can not be equated to conventional banks, because they have different purpose and views. Therefore aims to understand the performance of Islamic banks based on the maqashid index approach. Objects research consisting of four Islamic banks in Indonesia (Bank Syariah Mandiri, Bank Muamalat indonesia, Bank Rakyat Indonesia Syariah and Bank Negara Indonesia Syariah) and four Islamicbanks in Malaysia (Bank Islam Malaysia Berhad, CIMB Islamic Bank, Maybank Islamic Berhad and RHB Islamic Bank) for years 2011-2014. Then, Islamic banks measured and rank its performance based on three steps: 1) the ratio performance 2) performance indicators and 3) the overall maqashid index. The research showed, that Bank Muamalat Indonesia has the highest performance is 15.12%. Next, the lowest performance is 7.02% by CIMB Islamic Bank.Penilaian kinerja perbankan syariah biasanya menggunakan alat ukur konvensional. Padahal untuk menilai kinerja perbankan syariah tidak dapat disamakan dengan perbankan konvensional, karena keduanya memiliki tujuan dan pandangan yang berbeda. Penelitian ini bertujuan untuk mengetahui kinerja perbankan syariah dengan pendekatan maqashid indeks. Objek penelitian terdiri dari empat bank syariah di Indonesia (Bank Syariah Mandiri, Bank Muamalat Indonesia, Bank Rakyat Indonesia Syariah dan Bank Negara Indonesia Syariah) dan empat bank syariah Malaysia (Bank Islam Malaysia Berhad, CIMB Islamic Bank, Maybank Islamic Berhad dan RHB Islamic Bank) selama tahun 2011-2014. Kemudian, bank syariah diukur dan diranking kinerjanya berdasarkan tiga langkah: 1) rasio kinerja 2) indikator kinerja dan 3) maqashid indeks secara keseluruhan. Berdasarkan hasil penelitian, dapat disimpulkan bahwa Bank Muamalat Indonesia memiliki kinerja tertinggi di dengan nilai 15.12%. Selanjutnya, kinerja terendah terjadi di CIMB Islamic Bank dengan 7.02%.
A bibliometric analysis of research on zakat: Past trends and future directions Luqman Hakim Handoko; Ai Nur Bayinah; Firmansyah Firmansyah
al-Uqud : Journal of Islamic Economics Vol. 6 No. 2 (2022): July
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (926.151 KB) | DOI: 10.26740/aluqud.v6n2.p160-176

Abstract

Zakat is a part of Islamic social finance that aimed at the social purpose and has been recently received attention from researchers globally. Therefore, the study aimed to explore the current state of zakat literature, identify the bibliometrics in the field, and provide future research direction. To achieve this goal, this study utilised bibliometric analysis using VOSviewer software. The documents were extracted from the Scopus database on 5th March 2021 with the search keyword Zakat and its variations. The result showed 635 documents in 267 journals and revealed approximately 1289 authors. The papers came from 53 countries and 160 affiliations roughly. Based on co-occurrence, the analysis identified 1488 keywords and the word zakat, Islam, Malaysia, Poverty, and zakat institution as the top five frequent keywords. The study also revealed the current trend of zakat studies related to education, performance, SME, and compliance. The most important of this study, seventeen zakat issues, were provided for future research agenda. Henceforth, the following research might focus on this study's suggestions to enrich and enhance zakat literature.
A Review of the Islamic Perspective on Consumer Behaviors Nur Jamaludin; Luqman Hakim Handoko; Mohd Nazrul Nazrul Katek; Mohd Sukhor Bin Abdullah
ISLAMINOMICS: JOURNAL OF ISLAMIC ECONOMICS, BUSINESS AND FINANCE Vol 12, No 2 (2022): ISLAMINOMICS: JOURNAL OF ISLAMIC ECONOMICS, BUSINESS AND FINANCE
Publisher : STES Islamic Village

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47903/islaminomics.v12i2.217

Abstract

Modern economic theory focuses heavily on how consumers select how much to consume now and how much to save for the future. This is a major aspect of consumer behavior (Khan, 1984). Related to this statement, the article by Prof. Muhammad Annas Zarqa has pointed to an issue that is crucial because this is likely to be one of the main questions that economists would be worried about. Thus, this paper has two aims, the first of which is to examine the notion of consumer behavior in Islamic economics. While the specific objectives were to emphasize that not all traditional theories are compatible with Muslim consumer behavior, to demonstrate that Islamic injunctions and rules related to consumption should not be introduced as constraints on consumer behavior, and to indicate the interdependence between the utility of different Muslims, attempts were made to modify consumer behavior related to shari'ah. This research uses qualitative methodology. In conclusion, Zarqa believes that the existing consumer theory must be modified to accommodate Muslim consumers. Then he addressed the point that the distinction between the preference function and the utility function should be examined in Shariah. Because classical economics considered that customer behavior must be based on the utility function in order to be satisfying, Zarqa has proposed that this problem be explored and further investigated utilizing the empirical method, without regard to the Islamic prohibition on consumer behavior.
Literature Analysis of Cash Waqf: Trends and Future Research Agenda Annisa Aprilianti Nur Azizah; Ai Nur Bayinah; Luqman Hakim Handoko
ZISWAF Vol 10, No 1 (2023): ZISWAF: JURNAL ZAKAT DAN WAKAF
Publisher : State Islamic Institute of Kudus (IAIN Kudus)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/ziswaf.v10i1.17095

Abstract

This research aims to determine the trend of the cash waqf analysis published in Scopus-indexed journals. The data were obtained from Scopus on December 07, 2022, with a bibliometric and SLR analysis used through VOSViewer software and Ms. Excel as the analysis tool. The results showed that the 93 documents on the trend of cash waqf increased in recent years. Meanwhile, the distribution emphasized the type of 80 documents (86%), 6 Book Chapters (7%), 4 Reviews (4%), and 3 Conference Papers (3%) contained, with English (92%) being the language most widely used. The productive journal containing articles with the theme of cash waqf was also the Isra International Journal of Islamic Finance (8), with the most productive author, country, and institution being Gürsoy C. (5) and Malaysia (51), and International Islamic University (Malaysia), respectively. For the most cited, inspiring article, and author in cash waqf research, Mohammed M.O. (33) was observed. Based on the keyword, density, overlay, and recent article SLR investigations, at least 16, 10, 10, and 10 topics were determined, respectively. From these results, many opportunities were still capable of being conducted and highly studied regarding cash waqf.
Pengukuran Kinerja Bank Umum Syariah Dengan Maqasid Index Dan Sharia Conformity And Profitability (SCNP) Lia Anggraeni Prasetyowati; Luqman Hakim Handoko
Jurnal Akuntansi dan Keuangan Islam Vol 4, No 2 (2016)
Publisher : SEKOLAH TINGGI EKONOMI ISLAM SEBI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35836/jakis.v4i2.22

Abstract

This study aims to measure the performance of Islamic banking by using maqasid sharia Framework and SCnP model, which both of the models have been adapted to the characteristics of Islamic banking. Research carried out on seven Islamic Commercial Banks (BUS) for five years, from 2010 to 2014. The results by using maqasid index model shows that there are variations and fluctuative performance between BUS. The total of maqasid index over the past five years are in the range from 0,16901 to 0,34297. Bank Muamalat Indonesia is considered as the most stable BUS on maqasid sharia performance during the period of observation. This statement can be concluded from the BMI total index which always exceeds 0,30 and always got the first rank or second rank in each year, except in 2014, where in 2014 a decline of performance simultaneously happened on the 6 samples of BUS including BMI. Next, the performance measurement by using SCnP model, showed that during five years most of the BUS in Indonesia are at LRQ (Lower Right Quadrant) and LLQ (Lower Left Quadrant), it means that most of BUS in Indonesia have high sharia conformity but low profitability, or have low sharia conformity and low profitability. BMI decide as the best performance bank by Using SCnP model. It can be concluded as we know that BMI is the most consistent bank in URQ. Measurement using maqasid index and SCnP model show not only Islamic banks with highest total index can reach URQ. It can be concluded from BPS which two times get the first rank but BPS can not reach URQ.
Assessing the Dynamics of Sukuk Research on Scopus Database: A Bibliometric Analysis and Systematic Literature Review Arif, Arif; Mulyati, Sri; Handoko, Lukman Hakim
EQUILIBRIUM Vol 12, No 1 (2024): EQUILIBRIUM
Publisher : Prodi Ekonomi Syariah Pascasarjana IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/equilibrium.v12i1.26427

Abstract

This research aims to determine the dynamics of sukuk research on the Scopus database. This research has three novelties: choosing more complex keywords, standardizing keywords, and explaining complex future research findings. This research employs a mixed method, using both quantitative and qualitative approaches. The quantitative method in this research uses simple statistical techniques through bibliometric analysis. Meanwhile, the qualitative method uses a systematic literature review approach. This research uses secondary data taken from the Scopus database. The data analysis software used is VOSviewer. The research results show that based on its distribution, research on sukuk was first published in 2007, and as of October 2023, there were 524 documents. Based on productivity, the most productive writer is Nader Naifar from Imam Mohammad Ibn Saud Islamic University (14 documents), Malaysia's most productive country (170 documents). Based on his popularity, the most popular author is Godlewski C.J. (186 citations). Based on trends, the frequently appearing keywords are sukuk, the newly used keywords are green finance, and the rarely used keywords are blockchain. Based on future research directions, there are recommendations for 96 topics that can be researched. This research is beneficial for future sukuk research and supporting global sukuk practice.
Pengaruh Halal Awareness, Islamic Branding, Perceived Quality dan Harga Terhadap Niat Membeli Produk Kosmetik Wardah Lisa Nurhanifah; Luqman Hakim Handoko; Fahmi Syahbudin
Jurnal Manajemen Bisnis Syariah Vol 4, No 1 (2024): Jurnal Manajemen Bisnis Syariah
Publisher : Universitas Islam Negeri Mahmud Yunus Batusangkar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31958/mabis.v4i1.12059

Abstract

This research aims to determine the influence of Halal Awareness, Islamic Branding, Perceived Quality, and Price on Wardah Cosmetic Product Purchase Intention among female STEI SEBI students. The research method used is research with a quantitative approach and the data analysis tool used is SmartPLS version 4.0. The sample for this research were active female students from the Classes of 2020, 2021, 2022, and 2023 who have used or are currently using Wardah cosmetic products. The tool used to obtain respondent data is a Google form questionnaire. The sample selection used purposive sampling with the number obtained were 100 respondents. The results of this research state that partially the Islamic Branding and Price variables have a significant effect on Purchase Intention, while Halal Awareness and Perceived Quality do not have a significant effect
Implementation of Buying and Selling Gold on DSN-MUI Fatwa Number 77/DSN-MUI/V/2010 Concerning Non-Cash Buying and Selling of Gold Luqman Hakim Handoko; Nashr Akbar; Ahmad Izzah
TAWAZUN : Journal of Sharia Economic Law Vol 7, No 1 (2024): Tawazun: Journal of Sharia Economic Law
Publisher : Sharia Faculty Islamic Economic Law Study Department

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/tawazun.v7i1.26181

Abstract

This study aims to review the literature about the implementation of fatwa DSN-MUI Number 77 on gold installments or non-cash basis. The permissibility of gold installment by MUI attracted debate and research among researchers on its implementation as the text of hadith considered the gold installment as riba which is the central issue in Islamic economics and finance. Selected Literature Review (SLR) analysis were adopted. The data was retrieved from Google Scholar using PoP Software. The observation found 29 articles related to the implementation of the fatwa. The result offered that in implementing fatwa number 77 can be grouped into 4 categories. The first is the group whose results were compliance with the fatwa with 18 articles. Second, articles state that implementation is not following the fatwa are 7 articles. Third, three articles did not clearly state whether they were shari’ah compliance or not. Fourth, research that just explains the legality of fatwa number 77. Therefore, it suggested to the Shari’ah supervisor board to closely monitor and supervise its implementation of Fatwa.