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Risk Assessment of Trade Barriers: The Implications of Indonesia's Halal Certification Law on International Commerce Amijaya, Rachmania Nurul Fitri; Asa Prayarsni Korina; Rochmatulloh Alaika; Hilda Lutfiani
Jurnal Internasional Ekonomi Islam Vol 6 No 02 (2024): International Journal of Islamic Economics
Publisher : The Postgraduate of Institut Agama Islam Negeri Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v6i2.9028

Abstract

Introduction: The importance of halal standards in international commerce has increased as the volume of cross-border trade has increased. This article investigates the ramifications of Indonesia's Halal Product Guarantee Law on global trade, specifically focusing on its arrangement with World Trade Organization rules, explicitly the Specialized Technical Barriers to Trade Agreement. Even though the Halal Product Guarantee Law requires halal certification, it could be seen as a trade barrier because it could impose too many regulations and encourage discrimination against imported goods. Objective: This study discusses the implications for international trade of the Halal Product Guarantee Law's potential violations of the Technical Barriers to Trade Agreement and emphasizes the necessity of globally consistent and uniform halal certification standards. Method: This study analyzes the Halal Product Guarantee Law about important World Trade Organization principles like National Treatment and Most Favored Nation using a descriptive qualitative research methodology and drawing from previous literature reviews. Result: According to the findings, the Halal Product Guarantee Law may violate World Trade Organization regulations, which would have a significant impact on international trade and raise questions regarding the uniformity, adaptability, and consistency of halal certification. Implication: The article emphasizes the significance of evaluating the Halal Product Guarantee Law's compliance with World Trade Organization agreements to support the expansion of the halal market, respect religious beliefs, and ensure fair and balanced international commerce.
THE MODERATING ROLE OF INFORMATION TECHNOLOGY IN THE PERFORMANCE OF BAITUT TAMWIL MUHAMMADIYAH IN CENTRAL JAVA INDONESIA usamah; Hilda Lutfiani
International Journal of Islamic Business and Economics (IJIBEC) Vol 5 No 2 (2021): Volume 5 Nomor 2 Tahun 2021
Publisher : Universitas Islam Negeri K.H. Abdurrahman Wahid Pekalongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28918/ijibec.v5i2.3869

Abstract

This study aimed to analyze the moderating role of Information Technology in the performance of Baitut Tamwil Muhammadiyah in Central Java, Indonesia. The target population was members of this Islamic Microfinance Institution. Data from 2015 to 2018 in the Central Java Sharia Office was used to obtain a sample size of 14 from 21 BTMs. Multiple Regression Analysis was then applied to analyze this data and explain the relationship between variables. The results showed that independent variables, including CAR, NPF, and BOPO ratios are positively correlated with ROA (Return on Assets) of BTM, except FDR. Information technology system moderation variables including FDR_SYSTEM and BOPO_SYSTEM significantly and positively affect ROA, while CAR_SYSTEM and NPF_SYSTEM are negatively correlated with the returns on total assets of the institution. In general, BTM should use I.T. for excellent performance and join academics and other stakeholders to increase awareness of the benefits of these computer-based systems in Islamic Microfinance institutions.