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TINJAUAN FIKIH MUAMALAH TERHADAP PRAKTIK SHORT SELLING DAN MARGIN TRADING DI PASAR MODAL KONVENSIONAL SEBAGAI REFLEKSI PENGUATAN PASAR MODAL SYARIAH Budiman Budiman; Deden Hidayat; Yayah Rukhayah; Amelia
e-Jurnal Aksioma Al-Musaqoh : Journal of Islamic Economics and Business Studies Vol 9 No 1 (2026): JUNI 2026
Publisher : STAI La Tansa Mashiro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55171/jam.v9i1.1714

Short selling and margin trading enhance liquidity in conventional markets but trigger volatility and disadvantage retail investors. This study critically analyzes their operational mechanisms from contemporary Fiqh Muamalah perspectives to strengthen Indonesia's Shariah Online Trading System (SOTS) architecture. Using a descriptive-qualitative method with a legal-normative approach, secondary data from DSN-MUI fatwas, OJK regulations, and Islamic jurisprudence were analyzed via content and comparative techniques. The results indicate that short selling features structural Sharia flaws, categorized as bai' al-ma'dum and violating qabdh, which introduces gharar and maysir. Meanwhile, margin trading constitutes riba al-qardh due to commercial interest on leverage. Conclusively, these prohibitions are effectively integrated into SOTS through systemic barriers: automatically rejecting zero-balance short sales and enforcing a Cash Advanced Market. This offers crucial insights for regulators designing resilient Islamic capital market roadmaps.

ANALISIS LITERASI KEUANGAN MAHASISWA PADA JURUSAN EKONOMI SYARIAH DI RANGKASBITUNG Maskur Maskur; Budiman Budiman
e-Jurnal Aksioma Al-Musaqoh : Journal of Islamic Economics and Business Studies Vol 4 No 2 (2021): DESEMBER 2021
Publisher : STAI La Tansa Mashiro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55171/jam.v4i2.534

ABSTRACTIn Indonesia, The practice of Islamic financial institutions was strengthened by the implementation of the banking law number 10 of 1998, and fatwa from Indonesian Council of Religious Scholars of bank rate prohibition. Islamic financial institutions must be accompanied by more comprehensive understanding of Islamic economics itself. In this case, the Islamic economic understanding not only be technical socialization, background and history but also moral and how they had to bring their selves in accordance with sharia (Ibnu Taimiyah). It must be work together between the government and scholars in guiding and encouraging the community in terms of life in accordance with Islamic law. Based on the background above, the researcher focused on what factors that affected students' understanding of finance. The objective in this research is describing the level of students’ financial literacy by gender, age, year in, GPA, place of residence, parental education level and income level of parents. This research conducted in Lebak with 86 respondents of economic syariah majoring, and using quantitative descriptive analysis method One Way Anova. It is used to compare the average (mean) more than two samples, hypotheses testing, to reject or accepted H0 based P-value if sig. <Α 0.05, H0 is rejected and if sig. > Α 0.05 then H0 is accepted. The lowest value was 4% and the highest is 60%.The lowest is the respondents were able answer only one question from 25 questions, and The highest are the respondents were able to answer 18 questions correctly (60%). It was found that the mean of respondents is 7.74% and standard deviation of financial literacy mean (average) is 3,071. It can be concluded that the answers of the respondents was varied. The level of students’ literacy rate is divided into three parts, the highest, medium, and the lowest literacy. Only one respondent get the highest level (4%), and one respondent get the medium level (4%), and the last 84 respondents get the lowest level (92%). So, it can be concluded that the students’ understanding of financial literacy is low, it was under <60%.Keywords: Gender, Age, Year In, GPA, Housing, Education Parents, And Income Parents, Financial Literacy.

ANALISIS STRATEGI PEMASARAN SYARI’AH TERHADAP TINGKAT PENJUALAN FASHION MUSLIM DI RANGKASBITUNG Maskur Maskur; budiman budiman
e-Jurnal Aksioma Al-Musaqoh : Journal of Islamic Economics and Business Studies Vol 5 No 1 (2022): JUNI 2022
Publisher : STAI La Tansa Mashiro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55171/jam.v5i1.665

The number of various Muslim clothing sales centers resulted in consumers being given many choices of product types. making it difficult to increase the number of customers in the existing market so that it affects the level of sales. An appropriate marketing strategy is needed to win the competition with similar businesses. This research is a research that aims to test whether the Islamic marketing strategy has an effect on the level of sales and how much the influence of the Islamic marketing strategy on the level of sales. This research is a quantitative method with 43 research respondents. The analytical method used is simple linear regression analysis, classical assumption test, with partial regression test (t-test) and coefficient of determination test (R2). Based on the results of the research conducted, there is a significant influence between the Islamic marketing strategy on the level of product sales. With a significance of 0.001 < 0.005 and the value of t: the value of Fcount 8.436 > Ftable 2.01954, it can be concluded that the Islamic marketing strategy variable has a significant effect on product sales. The magnitude of the influence of the Islamic marketing strategy on the level of product sales is 63.4%. It can be seen that the correlation value (R) is 0.797 with an output coefficient of determination of 0.634 or 0 < R2 (0.634) < 1, stating that the Islamic marketing strategy has an influence on sales levels of 63.4%.

Transaksi Online Terhadap Perubahan Pola Konsumsi Mahasiswa Menurut Perspektif Ekonomi Syariah Maskur Maskur; Budiman budiman
e-Jurnal Aksioma Al-Musaqoh : Journal of Islamic Economics and Business Studies Vol 6 No 1 (2023): JUNI 2023
Publisher : STAI La Tansa Mashiro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55171/jam.v6i1.897

With technological advances, it is possible to do activities easily and quickly, including online shopping. In Islam, all life has rules that become guidelines as well as in terms of muamalah, the basis of muamalah law is permissible as long as there is no evidence that forbids it. This research is an empirical research conducted in 2022 which aims to test the hypothesis of online transactions on consumption patterns and how much influence online transactions have on consumption patterns. The method used is quantitative method with technique Based on the results of the research conducted, it is stated that (1) There is no significant influence between Online Shopping on Student Consumption Patterns. This is based on the significance value of the coefficients table with a significance of 0.278> 0.05 and based on the Fcount value of 1.225 < Ftable 4.196 so it can be concluded that the Online Shopping variable (X) has no significant effect on Student Consumption Patterns (Y). (2) The magnitude of the influence of Online Shopping on Student Consumption Patterns is 4%. This can be seen from the correlation value of the relationship (R) which is 0.205 with the output of the coefficient of determination (R square) of 0.042 or 0.042 <1, which implies that the independent variable (Online Shopping) on the dependent variable (Student Consumption Patterns) is 4%.Keywords: Online Transactions, Consumption Patterns, Sharia Economics

Pengaruh Label Halal dan Kemasan pada Produk Makanan Terhadap Minat Beli Konsumen Noorma Yunia; Budiman Budiman; Ilmi Albadiah; Niah Soniah
e-Jurnal Aksioma Al-Musaqoh : Journal of Islamic Economics and Business Studies Vol 8 No 1 (2025): JUNI 2025
Publisher : STAI La Tansa Mashiro

Show Abstract | Download Original | Original Source | Check in Google Scholar

The background of this research highlights the importance of halal labels for Muslim consumers in Indonesia, who require guarantees of halal compliance for packaged food products. In Sindangsari Village, many residents have not yet paid attention to halal labels when purchasing products.This study aims to: 1. Determine the influence of the Halal label on food products towards consumer purchase intention in Sindangsari Village, Sajira District, Lebak, Banten, 2. Determine the influence of packaging on food products towards consumer purchase intention in Sindangsari Village, Sajira District, Lebak, Banten, and 3. Determine the influence of the Halal label and packaging on food products towards consumer purchase intention in Sindangsari Village, Sajira District, Lebak, Banten. The research method used is a correlational quantitative method. The population in this study consisted of 1,004 individuals aged 18-35 years from Sindangsari Village. The sampling technique used is nonprobability sampling with a purposive sampling category of 62 respondents. Data collection techniques include observation, literature review, questionnaires, and documentation. The data analysis techniques used are validity tests, reliability tests, normality tests, heteroscedasticity tests, multicollinearity tests, multiple linear regression analysis, determination coefficient tests, t-tests, and F tests, with the assistance of the Statistical Package for the Social Sciences (SPSS) software version 29. The results of the study show that: 1. The Halal label variable on food products partially has a positive and significant influence on consumer purchase intention in Sindangsari Village, Sajira District, Lebak, Banten, 2. The packaging variable on food products partially has a positive and significant influence on consumer purchase intention in Sindangsari Village, Sajira District, Lebak, Banten, 3. The Halal label and packaging variables on food products simultaneously have a positive and significant influence on consumer purchase intention in Sindangsari Village, Sajira District, Lebak, Banten. The contribution of the Halal label and packaging to consumer purchase intention is 31.00%, while the remaining percentage is influenced by other factors outside the research variables.

PERAN DIGITALISASI PEMASARAN PRODUK DALAM MENINGKATKAN PENDAPATAN USAHA TERNAK BURUNG PUYUH PETELUR Hayatun Nufus; Noorma Yunia; Budiman Budiman; Ilmi Albadiah
e-Jurnal Aksioma Al-Musaqoh : Journal of Islamic Economics and Business Studies Vol 8 No 2 (2025): DESEMBER 2025
Publisher : STAI La Tansa Mashiro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55171/jam.v8i2.1522

The development of information and communication technology has brought significant changes to various sectors of life, including the livestock sector. One form of adaptation to these developments is the implementation of digitalization in product marketing activities. This study aims to examine and understand how product marketing digitalization can influence the income of quail farming businesses in Nameng Village. Marketing digitalization refers to the use of various digital media and platforms, such as social media, instant messaging applications, and marketplaces, to market livestock products to consumers more widely and efficiently. This study uses a descriptive qualitative approach, focusing on one quail farming business operator in the Nameng Village area. Data collection techniques were carried out through in-depth interviews, direct observation, and documentation to obtain comprehensive information about the digital marketing practices applied by business operators. This study also considers various supporting and inhibiting factors in the implementation of marketing digitalization, such as access to technology, digital literacy, and the local market's response to digital-based marketing approaches. The results of this study are expected to contribute to the development of more adaptive and relevant marketing strategies for livestock businesses, particularly in the context of utilizing digital technology in today's modern era

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