Claim Missing Document
Check
Articles

The Legitimation of Religion in Profit Seeking: The Role of National Shari‘āh Division of The Indonesian Muslim Council (DSN-MUI) Izmuddin, Iiz; Amalia, Euis; Nasir, Mohamad Abdun; Muttaqin, Farid
Samarah: Jurnal Hukum Keluarga dan Hukum Islam Vol 7, No 2 (2023): Samarah: Jurnal Hukum Keluarga dan Hukum Islam
Publisher : Islamic Family Law Department, Sharia and Law Faculty, Universitas Islam Negeri Ar-Raniry

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22373/sjhk.v7i2.15835

Abstract

Religious legitimacy is a potent means of achieving one's objectives, including the pursuit of economic benefits. This is how Islamic financial institutions employ the fatwa of the National Sharia Council (DSN-MUI) in their operations. Nonetheless, this objective is often in conflict with the noblest religious ideals of justice, equality, and humanity. This paper aims to explain how the DSN-MUI fatwa acquires religious legitimacy, as well as the repercussions of granting this legitimacy to the public that utilizes Islamic financial institutions. The collected data consists of the texts of DSN-MUI fatwa from 2000 to 2021 as well as the results of interviews with DSN-MUI practitioners of Islamic economics, and pertinent academicians. The data is then descriptively and critically analyzed. The findings of the study suggest that there are three fatwa issued by the DSN-MUI that legitimize profits gained by Islamic financial institutions. However, this method may violate significant religious norms. This paper also concludes that competition between conventional and Islamic financial institutions is a significant factor in the emergence of this legitimacy.
THE FINANCIAL PERFORMANCE OF BANK SYARIAH INDONESIA: PRE- AND POST-MERGER Muchtar, Masruri; Puspita, Desy; Amalia, Euis
TRIKONOMIKA Vol 23 No 1 (2024): June Edition
Publisher : Faculty of Economics and Business, University of Pasundan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23969/trikonomika.v23i1.7407

Abstract

Due to the merger, Bank Syariah Indonesia (BSI) recorded total assets of IDR 240 trillion. This study examines whether there are differences between the pre-and post-merger in the financial performance of BSI in terms of liquidity, solvency, and profitability using Wilcoxon signed test and paired sample t-test. This study finds significant differences in the level of liquidity and profitability of BSI's financial performance, while there is no significant difference in the level of solvency. This result implies that BSI's efficiency in managing business increases; therefore, the operational costs might be reduced, and the operating income tends to grow. Although the financing-to-debt ratio (FDR) is moderate, BSI still needs to improve the effectiveness of its fund distribution. This study contributes to the literature on mergers and acquisitions in the banking sector, particularly for Islamic banks, by providing new insight into its impact on financial performance.
Prevention of Tabzir in Muslim Households Food Consumption Lubis, Deni; Rodoni, Ahmad; Amalia, Euis
Economica: Jurnal Ekonomi Islam Vol. 13 No. 1 (2022)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2022.13.1.13355

Abstract

Islam forbids tabzir (wasteful behavior) concerning food and all activities. However, Indonesia, which has a Muslim-majority population, is among the countries with the highest levels of food loss and waste globally. Food waste has a detrimental impact on the environment, economy, human health, and food security, hindering the achievement of the SDGs. This study aims to examine Muslim households' consumption patterns and identify food waste prevention strategies. A qualitative SWOT-ANP technique was applied using nine respondents, including experts, academics, and practitioners. The findings suggest that households, from an internal perspective, should prioritize sharing surplus food with those in need, as well as adopting thoughtful shopping and cooking habits, avoiding the tendency to over-purchase or over-prepare food. Three external strategies were identified: (1) campaigns by governments, agencies, and communities to raise awareness of food waste's negative effects; (2) education on proper food processing, storage, and management; (3) policies regulating food waste prevention and management. Ultimately, preventing food waste behavior requires the collaboration of all parties, including the government, religious authorities, communities, and households.
Islamic And Conventional Economic Growth Thought Abū Yūsuf, Abū Ubaid, Al-Ghazāli, Ibn Khaldūn, Asy-Syatibi, Monzer Khaf, Adam Smith, David Ricardo, J.M. Keynes, Alfred Marshall, W.W. Rostow Pujiono; Amalia, Euis; Haniatunnisa, Siti
AJIS: Academic Journal of Islamic Studies Vol. 10 No. 1 (2025)
Publisher : Institut Agama Islam Negeri (IAIN) Curup

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29240/ajis.v10i1.13148

Abstract

This research discusses the thoughts on Islamic economic growth and conventional economics according to the figures, namely Abū Yūsuf, Abū Ubaid, Al-Ghazāli, Ibn Khaldūn, As-Syatibi, Monzer Khaf, Adam Smith, David Ricardo, J.M. Keynes, Alfred Marshall, and W.W. Rostow from a historical approach where his thoughts on the discourse of economic growth are quite a lot of references by researchers and academics of the world. The research method used in this article uses a literature review of the figure's work because what is discussed is a comparison of thoughts that have contributed to science through his works that have been used as references by subsequent generations. Based on the results and discussion of the thoughts of Islamic economic growth and conventional economics, it can be concluded that, in general, economists state that economic growth aims to achieve human prosperity by meeting the satisfaction needs of consuming goods and services. Meanwhile, according to Islamic figures, economic growth must refer to the basic principles of Sharia to achieve prosperity in the world and the hereafter (al-falāh). This study also discusses the concept of factors that affect economic growth.
Tingkat Kepatuhan Syariah Bank Pembiayaan Rakyat Syariah Berbasis Maqashid Syariah Shabri, Husni; Amalia, Euis
IQTISHADIA Jurnal Ekonomi & Perbankan Syariah Vol. 9 No. 1 (2022)
Publisher : Institut Agama Islam Negeri Madura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19105/iqtishadia.v9i1.5631

Abstract

Knowledge of shariah compliance in the sharia banking industry is still low. Shariah compliance is a special uniqueness that exists in sharia banking. The correct knowledge of shariah compliance has an important urgency in the operations of Islamic banks. The purpose of this study was to determine the level of sharia compliance of Islamic Rural Banks in Indonesia. The research method uses a quantitative descriptive approach. The data source of this research is secondary data. The data collection technique uses documentation in the form of annual reports of all Sharia Rural Banks (BPRS) which are the combined financial statements of BPRS in the Sharia Banking Statistics Report for September 2021 Otoritas Jasa Keuangan (OJK) with a total of 165 BPRS. The results show that the level of sharia compliance of Islamic Rural Banks (BPRS) as measured by the Maqashid Shariah Index (MSI) for a period of 10 years is still very low with an average index value of 0.32319 or 32.319%. Research findings reveal that the allocation of funds to aspects of education, research and training as well as the ratio of zakat to income is very relatively low, even information related to zakat payments until 2018 is non-existent or zero. The results of this study can be used as input for the management of Islamic Rural Banks (BPRS) special attention to the dimensions of which the index value is still very low
Islamic Banks after the 2008 Crisis: Symptoms of the Second Round Crisis and Performance of Sharia Commercial Banks during the Period 2012-2017 Enayatullah, Imam Haroki; Amalia, Euis; Rini, Rini
Moneter: Jurnal Keuangan dan Perbankan Vol. 11 No. 2 (2023): OKTOBER
Publisher : Universitas Ibn Khladun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32832/moneter.v11i2.297

Abstract

The Islamic banking system has long been believed to possess resilience in the face of crises, some even asserting its resistance to such challenges. To validate the aforementioned notion, an analysis of the efficiency performance of Sharia banking is conducted after the occurrence of what is referred to as the Second Round Crisis. This is undertaken due to the discovery that the impact of a crisis might not necessarily be felt during its onset, but rather after its passing. The research case study is Sharia Commercial Banks in Indonesia during the period 2012-2017. The research employs a parametric approach, namely the Stochastic Frontier Analysis Panel (SFA)  Greene's approach (2005) to examine the data. The research found that all examined samples experienced a decrease in efficiency in the year 2014. The data also reveal an increase in Non-Performing Financing (NPF) and a decrease in Return on Assets (ROA) during the same period. These findings reveal the presence of a second-round crisis phenomenon affecting the Sharia Commercial Banks in this year. Following this period, there was a gradual improvement in both efficiency and other ratios. In conclusion, it can be inferred that Sharia banks, particularly in Indonesia, are not resistant to crises.
Integrating Halal and Thayyib Principles into Global Logistics Operation: A Comparative Analysis in Malaysia, UAE, and Indonesia Yunanto, Dwi; Amalia, Euis; Saharuddin, Desmadi
Majalah Ilmiah Bijak Vol. 22 No. 2: September 2025
Publisher : Institut Ilmu Sosial dan Manajemen STIAMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31334/bijak.v22i2.4867

Abstract

This paper examines how the concepts of halal and thayyib have evolved from basic religious dietary laws to broader principles guiding global industry practices. It explores how these principles are integrated into halal logistics systems in Malaysia, the UAE, and Indonesia. While Malaysia and the UAE have well-developed halal logistics systems, Indonesia is working to strengthen its own through regulations like Law No. 33 of 2014. However, challenges remain in Indonesia, including industry misunderstanding, infrastructure limitations, and regulatory delays. A real challenge is the postponement of the implementation of halal certification requirements until further notice, which was originally scheduled to start in October 2024. This qualitative study uses comparative analysis, literature reviews, and expert interviews to understand these challenges and proposes using ICT to improve halal logistics. The study's novelties include a comprehensive comparative analysis of halal logistics implementation across three countries, the integration of the conceptualization of halal and thayyib in Islam with halal value chain theory and institutional theory, and the emphasis on ICT's role in enhancing logistics efficiency. The study concludes that success in halal logistics requires coordinated efforts from policymakers, industry players, and technological advancements.
Digital Transformation in Indonesian Halal Industrial Zones Suganda, Asep Dadan; Euis Amalia; Muhammad Maksum; Nur Rohim
Journal of Islamic Economics and Finance Studies Vol 6 No 1 (2025): JIEFeS, June 2025
Publisher : Universitas Pembangunan Nasional Veteran Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47700/jiefes.v6i1.10834

Abstract

Digital transformation has become a strategic imperative for enhancing the competitiveness of Indonesia’s halal industrial zones in an increasingly dynamic and transparency-driven global market. This study investigates the application of digital technologies—namely Blockchain, the Internet of Things (IoT), and Artificial Intelligence (AI)—within halal industrial areas, while identifying key challenges, emerging opportunities, and strategic development pathways. Adopting a qualitative exploratory approach, the research involved semi-structured interviews with five key informants, including industrial zone managers, officials from the Halal Product Assurance Agency (BPJPH), and representatives of halal-oriented small and medium enterprises (SMEs). Additional data were collected through on-site participant observation and document analysis of relevant policies and technical reports. Thematic analysis was employed to examine the qualitative data, followed by interpretation through a SWOT framework, which was subsequently integrated into a TOWS matrix to formulate strategic recommendations. The findings highlight three primary challenges: digital inequality among industrial zones, resistance to technology adoption, and inadequate infrastructure. These issues underscore the urgent need for regulatory harmonization by the government, increased investment in infrastructure and digital literacy by industry stakeholders, and enhanced academic engagement in Shariah-compliant digitalization research. The study proposes several actionable recommendations, including the establishment of public–private partnerships (PPPs), the implementation of certified digital training programs for halal SMEs, the creation of halal technology incubators, and the development of national standards for halal-related digital technologies. Overall, this research contributes to the discourse on building a digitally integrated, transparent, and sustainable halal industrial ecosystem in Indonesia.
A Practical Comparison of Waqf (Islamic Endowment) in Indonesia and Other Countries Sulistiawati, Nila; Rini, Rini; Nadratuzzaman, Muh.; Amalia, Euis
Jurnal Indonesia Sosial Sains Vol. 4 No. 07 (2023): Jurnal Indonesia Sosial Sains
Publisher : CV. Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/jiss.v4i07.854

Abstract

The definition of waqf in one of the results of this study is "Waqf functions to realize the potential and economic benefits of waqf assets for the benefit of worship and promote public welfare". In several discussions related to waqf, it is known that Indonesia as a country with the largest Muslim population in the world has very good waqf potential. One of the research articles it is known that: The research results describe a high level of awareness about cash waqf among millennials in Indonesia. The results further reveal a lower level of willingness to contribute to cash waqf in the sample population than their level of awareness about cash waqf. In general, challenges that can be managed better for increasing waqf include several things, namely; lack of socialization. In general, the community does not understand waqf law properly and correctly, both in terms of the pillars and conditions of waqf, as well as the legal intent of waqf, Management and Management, Waqf Objects and Nadzir Commitments, and the weakness of the control system. Waqf opportunities can still be developed in accordance with existing research results; Indonesia needs to encourage the practice of waqf experts and musytarok (such as CWLS) so that waqf practice in Indonesia is more dynamic; The method of expert waqf can be reserved for the rich as part of wealth management; The practice of musytarok waqf can be intended to help the poor to be able to meet their primary needs, such as housing, hospitals, etc
Evaluating The Models of Sharia Microfinance in Indonesia: an Analytical Network Process (ANP) Approach Amalia, Euis; Atiqah, Mahmudah
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol. 7 No. 1 (2015)
Publisher : UNIVERSITAS ISLAM NEGERI SYARIF HIDAYATULLAH JAKARTA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v7i1.1355

Abstract

This study focuses on evaluating the  performances  of  three  sharia  microfinance  models,  i.e.  cooperative  model represented by BMT al Fath, Grameen model represented by MBK, Ltd.co, and mixed model represented by Baytul Amanah Ikhtiar cooperative. ANP approach is used to evaluate the performances of those models from five important aspects (clusters)  as  the  determiners,  such  as  human  resource,  finance,  management, sharia  compliance,  and  marketing.  The  findings  of  this  research  show  that  the most important aspect (priority) among the clusters is human resource. Thus, the best strategy is the mixed-based; the model which integrates the cooperative system with grameen system. It becomes the best model inasmuch as it implements values of  both  co  ownership  and  co  responsibility,  in  addition  to  power  of  collectivity resulting in no cash collateral.DOI:10.15408/aiq.v7i1.1355