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Technological and Efficiency Change on Indonesian Islamic Insurance Industry Hasna Maliha
Ekonomi Islam Indonesia Vol. 2 No. 2 (2020): Ekonomi Islam Indonesia
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (395.094 KB) | DOI: 10.58968/eii.v2i2.46

Abstract

Zakah institution is the intermediary organizations based on social. Although based on social activities, but the management is still needs to uphold professional, accountability and transparency principles. This study attempts to analyze the productivity level of zakat organization in Indonesia, both in terms of changes of its efficiency and also its technological. There are two things that are calculated in Malmquist index measurement that is catch-up effect and frontier shift effect. The catch-up effect measures the rate of change in relative efficiency from period 1 to period 2. Meanwhile the frontier shift effect measures the rate of technological change that is a combination of input and output from period 1 to period 2. The frontier shift effect is often called an innovation effect. Findings from the results of the productivity index analysis are very interesting. In general, there has been an increase in the level of productivity of zakat institutions in Indonesia in the period 2011 to 2016. The increase in productivity growth (1.116) of zakat institutions in Indonesia is generally caused by technological change (1.137) instead of changes in efficiency (0.982). Thus the service of zakat institutions is needed which is more innovative in relation to the development of technology in the future.
Al-Maqrizi Views on Economic Inflation Hasna Maliha; Aam Slamet Rusydiana
Islamic Economics and History Vol. 1 No. 1 (2022): Islamic Economic and History
Publisher : Islamic Economics and History

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Abstract

One of the important problems facing the world economy until now is the problem of inflation. In simple terms, inflation means an increase in the price of goods from its usual state. In fact, long before the economic thinking of experts such as Friedman, Fisher, Keynes, and other world economists regarding inflation and other monetary matters, the Islamic world had earlier figures who were concerned in this field. Taqiyuddin Abul Abbas Al-Husaini from Maqarizah, Cairo. Or better known as Al-Maqrizi. Maqrizi said in several parts of his book that inflation is generally divided into two, namely Natural Inflation and Human Error Inflation. This paper will try to compare some of his thoughts –particularly the problem of inflation- with conventional positivistic opinions and concepts in similar fields.
Ibn Khaldun's concept of Economic, Social and Political Relations Hasna Maliha
Islamic Economics and History Vol. 1 No. 1 (2022): Islamic Economic and History
Publisher : Islamic Economics and History

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Abstract

This study tries to examine the relationship between several economic and political variables proposed by Ibn Khaldun. This theory is called 'Ashabiyah'. There are several important findings. When a country has a good level of economic growth, the physical development of a country is relatively good and positive. Vice versa. Second, variable N (society) has a significant effect on the level of development of a country. This conclusion is in line with Ibn Khaldun's thesis which says that the quantity and quality of human resources, especially those who work productively, will be able to improve the economy and development of a country. Another conclusion is that a country that is relatively stable economically, the government that is in office at that time will tend to have the strength to survive in its leadership dynasty. In addition, with good economic conditions and the wealth of a country, the position and conditions of the people will improve.
Why Islamic Banks are Relatively More Resilient to Crisis? Hasna Maliha; Lina Marlina
Ekonomi Islam Indonesia Vol. 1 No. 1 (2019): Ekonomi Islam Indonesia
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (462.102 KB) | DOI: 10.58968/eii.v1i1.3

Abstract

The financial crisis repeatedly struck various countries in the world in rotation, both developing and developed countries. In fact, in the modern economic period like now, the intensity is becoming more frequent and acute. Therefore, an early crisis detection system becomes important to avoid the more severe negative impact of the crisis. This study tries to examine what indicators can be used as a reference in predicting how likely there will be a crisis in a dual banking country such as Indonesia by using the binary logistic regression method. The results show interesting important conclusions. First, Islamic banks tend to have problems with liquidity (with significant FAR evidence) while conventional banks tend to have problems with solvency (significant CAR). From this, it follows that the Islamic bank will only be in crisis if the real sector is disrupted. While conventional banks will always flare up if there is a disruption of the financial crisis. Second, related to the significant M2RES variable, both in the Islamic and conventional models, this could be a result of the enactment of fiat money and fractional reserve banking system (FRBS). Though both of these are contributors to excess money supply which is quite large. So it becomes reasonable to understand if both models - both Islamic and conventional - have similar conditions. As a consequence, the Islamic banking entity is not going to be free from the adverse effects of the financial crisis. The third conclusion that is no less important is departing from the fact that the interest rate (INTR) turns out to be significant in the conventional model but not if it is in the sharia model, it can be concluded that a policy rate such as the BI-rate is very effective at controlling and influencing instruments Other monetary policies follow also the behavior of conventional banks. But on the other hand, this also indicates that conventional banking is indeed quite vulnerable to monetary shocks and financial crises. Thus, it becomes a rational reason for monetary authorities, in this case, Bank Indonesia to provide more support to the sustainability of Islamic finance and banking in Indonesia to achieve stable and optimal monetary conditions.