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Economica: Jurnal Ekonomi Islam
ISSN : 20859325     EISSN : -     DOI : -
EEconomica: Jurnal Ekonomi Islam is a scientific journal in the field of Islamic economics studies published twice a year by the Institute of Islamic Economic Research and Development (LP2EI), Faculty of Islamic Economics and Business UIN Walisongo Semarang. The editors receive scientific articles in the form of conceptual script or unpublished research results or other scientific publications related to Islamic Economics themes which cover Islamic Finance, Islamic Banking, Islamic Accounting, Islamic Marketing, also Behavioral Economics, Management, and Human Resources in Islamic perspective.
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Articles 366 Documents
PENGARUH ORIENTASI PEMBELAJARAN MOTIVASI KERJA DAN KOMITMEN TERHADAP KINERJA MADRASAH SWASTA DI KOTA SEMARANG El-Junusi, Rahman
Economica: Jurnal Ekonomi Islam Vol. 2 No. 2 (2012)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2012.2.2.851

Abstract

Penelitian ini merupakan eksistensi dari penelitian Asatuan (2004) dan Kiuk (2007), sehingga kombinasi dari kedua penelitian digabung akan memberi model pemberdayaan lembaga madrasah swasta yang berkualitas serta turut serta dalam menggerakkan pembangunan  pendidikan  dan mencerdaskan kehidupan masyarakat melalui orientasi pembelajaran, motivasi kerja dan komitmen dalam upaya meningkatkan kinerja madrasah swasta. Adapun tujuan penelitian adalah (1) untuk mengetahui pengaruh orientasi pemeblajaran terhadap kinerja madrasah swasta, (2) untuk mengetahui pengaruh motivasi kerja  terhadap kinerja madrasah swasta serta    (3) untuk mengetahui pengaruh komitmen  terhadap kinerja madrasah swasta. Hasil penelitian menunjukkan bahwa  (1) Orientasi pembelajaran berpengaruh terhadap kinerja madrasah swasta (2) Motivasi kerja berpengaruh terhadap kinerja madrasah swasta. Serta (3) Komitmen berpengaruh terhadap kinerja madrasah swasta.
MENGUKUR KINERJA OPERASIONAL BMT PADA TAHUN 2010 DITINJAU DARI SEGI EFISIENSI DENGAN DATA ENVELOPMENT ANALYSIS (DEA) (Studi Kasus BMT Di Kota Semarang) Yuningrum, Heny
Economica: Jurnal Ekonomi Islam Vol. 2 No. 2 (2012)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2012.2.2.852

Abstract

The development of Islamic banking in Semarang city was rapidly since 1997 until 2012. It is thanks to the Government support in the terms of determine  Islamic  banking. The Support  is now more easy for  movement of Islamic  financial institutions. the author chose the year 2010 of this research because 2010 have been reported complete leadership of the BMT. The issue of this research is how the operational of activities BMT in Semarang city has reached the level of operational efficiency in 2010 and how the forward prospects in Semarang city for competition of BMT with the another syariah financial.The population of this research are 72 BMt and the  sampling  of this research are 12 BMT. The population and the sample was listed by PUSKOPSYAH. The analyze of this research using WDEA which is expected to be answer the problems occurred in the BMT.The result of this Research are  3 BMT has efficiency of 55% until 90%. There are BMT Mitra Hasanah (61,51), BMT Pasadena (62,41%) and BMT Anda (71,18%). The capital and the operational expenses of three BMT must to increase until  hit a target was expected. The average of That BMT only 30% from the target. And the BMt have low efficiency (less than 55%) i.e. BMT Hudatama (29,22%, BMT Fosilatama (33,28%), BMT Tumoto Bondo (47,81%). While a third of this BMT have low efficiency from variable input i.e. capital and operational expenses and savings. There are need to  upgraded from 50% until 70%. The deficiency occurs in the BMT are  the proportion of unbalanced input i.e. capital and operational expenses, the number of entries maintained does not match your target market. To achieve those targets each BMT must add capital, operating expenses and savings.To answering  the problemof inefficient are: the value of output that should be improved by reducing the input, if  the input and output was increased, so the level to the increase f of output must be greater than the rate of increase for input, or the both of output and input was decline because  the derived output should be lower than input.
ANALISIS PENGARUH FAKTOR EKONOMI DAN RELIGIUSITAS TERHADAP PERSEPSI SUPERVISOR DAN MANAJER MENGENAI INDEPENDENSI DEWAN PENGAWAS SYARI’AH (Studi Kasus pada Bank Syari’ah di Indonesia) Prasetyoningrum, Ari Kristin
Economica: Jurnal Ekonomi Islam Vol. 2 No. 2 (2012)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2012.2.2.853

Abstract

The objectives of this study are to tests the effects of economics factor (financial association and relationship of business and “fee” dimention) and Religious factor (charitable dimention) to Shari’a Supervisory Board (SSB) independency to prove empirically research done by Karim (1990). The primary data of this received from perception of shari’a banking managers and supervisors in Indonesia. The data were collected by using questionnaires sent to managers and supervisors. Questionnaires were distributed to 385 shari’a banking managers and supervisors and the response rate is 10, 65%. The data were analyzed by using multiple regression metode. The result of this research indicated that religious factor has positive and significant relationship with SBB independency. It also indicate that financial association and relationship of business has negative relationship and “fee” has positive relationship with SBB but both of them are not significant. This research finding in line with research of Karim (1990).
ANALISIS PENGARUH FINANCING TO DEPOSIT RATIO (FDR) TERHADAP PROFITABILITAS PERBANKANSYARIAH DI INDONESIA (Rasio Keuangan pada BUS dan UUS Periode 2008-2010) Suryani, Suryani
Economica: Jurnal Ekonomi Islam Vol. 2 No. 2 (2012)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2012.2.2.854

Abstract

This study aimed to (1) analyze the condition of Financing to Deposit Ratio (FDR) of Islamic Banking in Indonesia; (2) analyze the profitability of sharia banking in Indonesia; and (3) to analyze the influence of Financing to Deposit Ratio (FDR) of the profitability of sharia banking in Indonesia. This study took samples at Islamic banks in Indonesia including 11 Islamic Banks (BUS), 23 Business Units of Sharia Banking (UUS). The research data is from Islamic Banking Statistics published by Bank Indonesia from January 2008 until December 2010 (Financial Ratio Study to BUS and UUS period 2008-2010). The number of Islamic banks used is 34 banks. The technique uses simple linear regression analysis with the help of the program EVIEWS version 5. The results of analysis is further illustrated as follows: First: Financing to Deposit Ratio (FDR) of sharia banking has an average of 103.65% during the year 2008,  89.70% in 2009 and 94.37%   in 2010. Overall, the average Financing to Deposit Ratio (FDR) in the three years is about 98.79%. Second: Return on Asset (ROA) is one of the profitability ratio used to measure the effectiveness of the company in generating profit by leveraging its total asset. Based on the description of the variables, it shows the average Return on Asset (ROA) in 2008 is of 1.77%, 1.98% in 2009 and 1.74% in 2010. This result indicates that the average Return on Asset (ROA) in three years of observation is still above the prevailing bank. Third: The result of regression analysis indicates no significant of Financing to Deposit Ratio (FDR) for Return on Assets (ROA). The quantity t count is 0.475 far below the t table 2.032. The result of study differs from the study of Adi Stiawan (2009), but supports the study of Nurkhosidah Siti (2010) and Yuliani (2007). This study shows  no significant effect on bank profitability.
Halal Lifestyle as A New Lifestyle in Modern Era: Demand Function Theory of Marshall and Ibn Taimiyah Masruroh, Nikmatul; Raziqi, Ahmad; Hariyanto, Al Furqon Dono
Economica: Jurnal Ekonomi Islam Vol. 12 No. 2 (2021)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2021.12.2.6838

Abstract

The Muslim community has grown to be the world’s largest population. Muslims have become a priority for business people and manufacturers who understand Muslim life patterns. Nowadays, manufacturers do not hesitate to use the halal label to reap huge revenues from Muslims. According to the GIE-report for 2019 to 2020, Muslim expenditure on the purchase of goods and services in six industries of food, finance, medicine, cosmetics, fashion, and travel and tourism has reached 2.2 trillion with 5.2% YoY growth from 1.8 billion Muslims worldwide. This draws a rosy picture of the development of the halal industry that Muslims have turned into a potential market. Products adhering to Islamic law are what manufacturers must consider having their goods sold well. The sharia trend has become a new lifestyle, particularly for millennials. The rise of Islamophobia is one of the reasons for the ascending trend of sharia-compliant lifestyles in the modern age. This paper highlights the sharia modes of consumption practiced by Muslims by employing literature review as a research methodology. Referring to the Marshallian demand function, the higher the demand, the higher the satisfaction, yet, even if it is labeled halal, the additional satisfaction decreases. This is in stark contrast to Ibn Taymiyah asserting that market demand depends on shifting preferences. Muslims are increasingly focused on the halal lifestyle due to ever-changing tastes based on economic reasoning.
The Influence of Self-Efficacy and Islamic Financial Literacy on the Performance of Micro, Small, and Medium-Sized Enterprises Srisusilawati, Popon; Kurniawan, Cecep Soleh; Silviany, Irma Yulita; Mustika, Rita; Putri, Imelda; Nurfitria, Anggelia
Economica: Jurnal Ekonomi Islam Vol. 12 No. 2 (2021)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2021.12.2.6937

Abstract

MSMEs have long promoted a major contribution to the national economy. However, the Covid-19 pandemic has caused MSME to suffer a decline resulting in a direct effect on the economy in Indonesia. This study analyzes the influence of self-efficacy and Sharia financial literacy on MSMEs performance. The inclusion of a variable of self-efficacy is a novelty of this study. This study highlights self-efficacy and Sharia financial literacy as independent variables and business performance as the dependent variable, with the focus of research on MSMEs. The research method used is quantitative associative. Respondents from 100 MSMEs were selected using saturation sampling. Multiple linear regression was performed using IBM SPSS Statistic software. The results prove that self-efficacy and Sharia financial literacy have a simultaneous and partial positive effect on MSMEs performance.
Sharia Disclosure Practices: A Comparison of Islamic Banks in Indonesia and Malaysia Fadila, Nisa Rahma; Muhammad, Rifqi; Subekti, Titin; Nugraheni, Peni; Mohammed, Nor Farizal
Economica: Jurnal Ekonomi Islam Vol. 12 No. 2 (2021)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2021.12.2.7435

Abstract

The growth of Islamic banking, particularly in Indonesia and Malaysia, has resulted in an increase in assets and disbursement in the two developing countries. This provides an opportunity as well as challenges in implementing good governance to maintain compliance with sharia principles. Involving data from Islamic banks in Indonesia and Malaysia from 2016 to 2018, this study aims to measure the Sharia disclosure level with seven indicators developed from previous research. The results demonstrate that Islamic banks in both countries did not meet the full Sharia disclosure requirement, as evidenced by an index of less than one, namely 0.76 for Islamic banks in Indonesia and 0.57 for Islamic banks in Malaysia. The findings of this study are expected to contribute to the improvement of the management of Islamic banks in both countries, to provide more comprehensive sharia disclosure in their annual report.
Factors Determining Investor Acceptance Towards Islamic Finance in India Irfan, Mohammad; Chowdhury, Shah Saeed Hassan; Rusmita, Sylva Alif
Economica: Jurnal Ekonomi Islam Vol. 12 No. 2 (2021)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2021.12.2.8798

Abstract

Despite India, having the second largest Muslim population in the world, Islamic finance is in its nascent stage. Thus, it is important from the perspective of the investor to understand the concept of Islamic Finance. This study scrutinizes the factors affecting the acceptance of Islamic Finance in India. A questionnaire was distributed to collect data from 354 investors from cities across India with snowball sampling. The results of the study reveal the high degree of reliability and validity of the data as reflected by Cronbach’s Alfa (α) at 0.86. Kaiser-Mayer-Olkin Measure of Sampling Adequacy (KMO) is .776, which is statistically significant. Factor analysis extracted highly loaded (Eigen value > 1) consisting of six factors with 29 items. Together these six factors explained a total variance of 76.24%. These factors are Awareness of Shariah indices, Religious motive, Social responsiveness, Understanding of Shariah screening, Ethical investment, and Socio-economic reasons.
Efficient or Opportunistic: An Empirical Test of Managerial Discretion of Islamic Banking in Reporting The Earnings Abbas, Ahmad; Triani, Neks; Rayyani, Wa Ode; Radwan, Maha
Economica: Jurnal Ekonomi Islam Vol. 12 No. 2 (2021)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2021.12.2.9053

Abstract

Managers are responsible for the decision-making related to financial information. They make financial reporting incentives to manage financial data, including the earnings. Banks under Islamic principles seem to affect the probability of problematic managerial behavior in determining earnings. This study determines whether Islamic banking managers' discretion in reporting earnings is efficient or opportunistic. The sample of this study was Islamic commercial banks in Indonesia. The data was obtained from Bank Indonesia and Financial Services Authority. Their financial statements from 2010 to 2016 were analyzed using Moderated Regression Analysis. As reported by the analysis results, managers in Islamic banking are efficient in their discretion while reporting their earnings. Managers tend to level down their earnings when the profitability is exceptionally high at the current earning and movie it to the future earning making the profitability of Islamic banks seem stable. 
Transaction Cost Analysis on The Financing of The Baitul Maal Wat Tamwil Setyowati, Ro'fah; Darwanto, Darwanto; Adityawarman, Adityawarman; Notolegowo, Hantoro Ksaid
Economica: Jurnal Ekonomi Islam Vol. 12 No. 2 (2021)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2021.12.2.9142

Abstract

The emergence of Sharia microfinance institutions (S-MFIs) BMT has become a hope for micro, small and medium enterprises (MSMEs) pertaining to the improvement of access to capital loans, business, and welfare of MSME entrepreneurs. This study delves deeper into ex-ante and ex-post transaction costs of the BMT financing scheme at MSMEs from the BMT side and formulates strategies for optimizing BMT financing schemes for MSMEs. Constituting the largest contributor to the overall transaction costs at MSMEs, In a bid to reinforce the financing process, the efficiency of ex-ante transaction costs for drafting and ex-post transaction costs for designing and implementing the BMT’s governance is required.