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Investasi Dalam Presfektif Islam Riska Ayulia
Journal of Scientific Interdisciplinary Vol. 1 No. 2 (2024)
Publisher : PT. Banjarese Pacific Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62504/jsi850

Abstract

Dalam perspektif Islam, investasi sangat dianjurkan. Hal ini karena investasi telah dilakukan oleh Nabi Muhammad sejak masa mudanya hingga masa para rasul. Selain itu, perbudakan umumnya berkaitan dengan pembentukan pasar tenaga kerja di mana tenaga kerja menerima uang dan uang mengalir hanya kepada orang-orang kaya (Qs. al-Hasyr [59]: 7). Lebih lanjut, investasi ini secara langsung dibenarkan oleh Al-Qur'an dan Sunnah Nabi. Banyak ayat Al-Qur'an yang membahas rekomendasi investasi, seperti Qs. al-Baqarah [2]: 261; Qs. Yusuf [12]: 46–49; Qs. an-Nisa [4]:9; Qs. Luqman [31]: 34 dan Qs. al-Hasyr [59]:18. Investasi syariah didasarkan pada prinsip-prinsip syariah, baik di sektor riil maupun di sektor keuangan. Oleh karena itu, selama maksud atau tujuan dari ketentuan dalam sektor bisnis dan investasi tidak bertentangan dengan syariah, investasi di luar prinsip syariah tidak diperbolehkan. Pada dasarnya, tidak semua kegiatan bisnis bebas dari ketidakpastian, seperti keuntungan atau kerugian bisnis. Oleh karena itu, orang menggunakan keuntungan dan kerugian untuk menentukan pilihan investasi bisnis mereka. Ini berarti bahwa keuntungan atau kerugian dalam bisnis tidak jelas. Ketidakpastian ini sering disebut sebagai gharar. Seperti yang disebutkan di atas, aktivitas investasi memiliki dampak luas terhadap ekonomi regional. Namun, Islam memberikan panduan dan pembatasan yang jelas tentang apa yang dapat dan tidak dapat melibatkan investasi religius. Tidak semua investor memahami hukum Islam, meskipun mereka memahami hukum positif. Oleh karena itu, untuk menghindari konflik investasi, berbagai aspek harus dipertimbangkan dan diperiksa agar hasil yang diperoleh sesuai dengan prinsip-prinsip syariah.
Dampak Shock Impulse Response dari Investasi, Indeks Pembangunan Manusia (IPM), dan Upah Minimum terhadap Pertumbuhan Ekonomi Kalimantan Barat selama Pandemi COVID-19 Riska Ayulia; Luqman Luqman; Sumin
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 6 No. 9 (2025): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v6i9.8692

Abstract

This study aims to comprehensively examine the long-term and short-term effects of foreign direct investment, domestic investment, Human Development Index (HDI), and minimum wage on economic growth in West Kalimantan over the 1996–2023 period, with a primary focus on the COVID-19 pandemic era. The pandemic has severely impacted regional economic stability, and West Kalimantan, a resource-based province, has experienced significant shocks. A quantitative approach was applied using time series analysis with Vector Autoregression (VAR), Granger Causality Test, Johansen Cointegration Test, and Impulse Response Function (IRF). Secondary data were obtained from the Central Statistics Agency (BPS), the Investment Coordinating Board (BKPM), and other governmental sources. The findings indicate that all variables significantly affect economic growth in both the short and long term. Domestic investment and HDI contribute positively and consistently, while foreign investment exhibits high volatility. Minimum wage has a negative impact in the short term but turns positive in the medium term. The study provides strategic policy recommendations to strengthen the regional economic foundation through human capital development, domestic investment enhancement, and productivity-based wage policies. The implications are relevant for post-pandemic policy formulation and enhancing regional economic resilience against future crises.
Dampak Shock Impulse Response dari Investasi, Indeks Pembangunan Manusia (IPM), dan Upah Minimum terhadap Pertumbuhan Ekonomi Kalimantan Barat selama Pandemi COVID-19 Riska Ayulia; Luqman Luqman; Sumin
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 6 No. 9 (2025): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v6i9.8692

Abstract

This study aims to comprehensively examine the long-term and short-term effects of foreign direct investment, domestic investment, Human Development Index (HDI), and minimum wage on economic growth in West Kalimantan over the 1996–2023 period, with a primary focus on the COVID-19 pandemic era. The pandemic has severely impacted regional economic stability, and West Kalimantan, a resource-based province, has experienced significant shocks. A quantitative approach was applied using time series analysis with Vector Autoregression (VAR), Granger Causality Test, Johansen Cointegration Test, and Impulse Response Function (IRF). Secondary data were obtained from the Central Statistics Agency (BPS), the Investment Coordinating Board (BKPM), and other governmental sources. The findings indicate that all variables significantly affect economic growth in both the short and long term. Domestic investment and HDI contribute positively and consistently, while foreign investment exhibits high volatility. Minimum wage has a negative impact in the short term but turns positive in the medium term. The study provides strategic policy recommendations to strengthen the regional economic foundation through human capital development, domestic investment enhancement, and productivity-based wage policies. The implications are relevant for post-pandemic policy formulation and enhancing regional economic resilience against future crises.