al-Uqud : Journal of Islamic Economics
al-Uqûd : Journal of Islamic Economics published by the Islamic Economic Studies Department of Economics Faculty of Economics, Universitas Negeri Surabaya in cooperation with the Forum of Economic and Business Lecturer Islam (FORDEBI). al-Uqûd published twice a year, in January and July. The journal will focus on providing quality research in the areas of Islamic economics, banking and finance. The goal of the journal is to cover topics that are paramount in modern Islamic economics and finance. The language used in the form of Indonesian and English. Editors invite research lecturers, the reviewer, practitioners, industry, and observers to contribute to this journal.
Articles
205 Documents
<![CDATA[THE EFFICIENCY OF ZAKAT COLLECTION AND DISTRIBUTION: EVIDENCE FROM DATA ENVELOPMENT ANALYSIS ]]>
<![CDATA[Ninda Ardiani]]>
<![CDATA[ al-Uqud : Journal of Islamic Economics Vol. 3 No. 1 (2019): January ]]>
Publisher : <![CDATA[Universitas Negeri Surabaya ]]>
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DOI: 10.26740/al-uqud.v3n1.p54-69
<![CDATA[The purpose of this study is to see the efficiency of the national zakat institutions in the collection of funds and distribution. Dompet Dhuafa is one of the national zakat institutions which has branch office spread in Indonesia. The problem is how efficient is the institution of zakat when collecting zakat funds and channeling it. This research uses Data Envelopment Analysis (DEA) method with two test that is test for zakat fund and test to non-zakat fund. Input variables consist of receipts obtained by zakat institutions, while the output variables consist of expenditures for 8 asnaf and other expenditures. Data taken from Dompet Dhuafa financial statements from 2011 to 2015. The results of this study addressed in 2011, 2014 and 2015 Dompet Dhuafa in collecting and disbursing zakat funds and non-zakat funds have been efficient. Inefficiencies that occur in the year 2012 and 2013 due to not optimal channeling of funds from Dompet Dhuafa.]]>
<![CDATA[ANALYSIS OF HUMAN RESOURCES DEVELOPMENT IN YDSF SURABAYA ON ISLAMIC ECONOMIC PERSPECTIVE ]]>
<![CDATA[Syamsuri Syamsuri]]>;
<![CDATA[Soritua Ahmad Ramdani Harahap]]>
<![CDATA[ al-Uqud : Journal of Islamic Economics Vol. 3 No. 1 (2019): January ]]>
Publisher : <![CDATA[Universitas Negeri Surabaya ]]>
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DOI: 10.26740/al-uqud.v3n1.p34-53
<![CDATA[This study aims to analyze the role of human resource development in developing the people's economy through social institutions. By using qualitative methods and collecting data through observation, interviews and documentation at the Al-Falah Social Fund Foundation (YDSF) Surabaya as a research sample. The results of the study explain that the development of human resources at the Al-Falah Surabaya Social Fund Foundation uses a spiritual and material approach. Through these two approaches, human resource development works with programs that aim to improve human resources both spiritually and materially. In addition, this article also explains the obstacles faced and their solutions to be implemented by the Surabaya Al Falah Social Fund Foundation in order to optimize the quality of HR.]]>
<![CDATA[THE EFFECT OF BALANCED SCORECARD IMPLEMENTATION ON MANAGEMENT PERFORMANCE PT BANK SYARIAH MANDIRI ]]>
<![CDATA[Alifia Fikriani]]>
<![CDATA[ al-Uqud : Journal of Islamic Economics Vol. 3 No. 1 (2019): January ]]>
Publisher : <![CDATA[Universitas Negeri Surabaya ]]>
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DOI: 10.26740/al-uqud.v3n1.p18-33
<![CDATA[This study is the application of balanced scorecard on performance management of the Bank Syariah Mandiri Branch Bogor. Utilized a quantitative approach,the statistical method used is multiple linear regression. The sampling method was convenience sampling, which were 38 employees of Bank Syariah Mandiri Bogor. The quality test data used in this study using a test of validity, reliability testing, and distribution frequency questionnaire statement. As for testing the test, the test, t-test, and test the coefficient of determination. The results of the SPSS Version 23.0 for the adjusted R Square result were obtained from the SPSS were 89.4% while the remaining 10.6% were influenced by other variables that are not known. The results show that customer perspective, learning and growth perspective variables are positive and significant effect on management performance. While the financial perspective and internal business process have a positive and not significant perspective on management performance in Bank Syariah Mandiri Branch of Bogor.]]>
<![CDATA[DETERMINANTS OF PROFITABILITY OF SHARIA REGIONAL DEVELOPMENT BANKS IN INDONESIA 2014-2017 ]]>
<![CDATA[Kuni Farikhah]]>;
<![CDATA[Lina Nugraha Rani]]>
<![CDATA[ al-Uqud : Journal of Islamic Economics Vol. 3 No. 1 (2019): January ]]>
Publisher : <![CDATA[Universitas Negeri Surabaya ]]>
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DOI: 10.26740/al-uqud.v3n1.p1-17
<![CDATA[This study aims to determine the effect of Third Party Funds, Financing to Deposit Ratio (FDR), Profit Sharing and Non-Performing Financing (NPF) on the profitability of Sharia BPDs in Indonesia in 2014-2017. Measurement of profitability uses the Return on Asset (ROA) ratio . The data used is obtained through the financial statements of the Regional Development Bank (BPD) Sharia known as the Islamic Development Bank. This research method uses a quantitative approach using panel data regression analysis techniques using EViews 10.0 software. The results of statistical tests show that the variables of Third Party Funds and Non Performing Financing (NPF) have a negative and significant effect on the profitability of the Syariah BPD. While the Financing to Deposit Ratio (FDR) and Profit Sharing Financing variables have no significant effect on the profitability of the Sharia BPD. ]]>
<![CDATA[ANALYSIS OF PRODUCTIVE WAQF PRACTICE AND MANAGEMENT: USING SWOT ANALYSIS METHOD ]]>
<![CDATA[Dera Permaisela]]>
<![CDATA[ al-Uqud : Journal of Islamic Economics Vol. 3 No. 1 (2019): January ]]>
Publisher : <![CDATA[Universitas Negeri Surabaya ]]>
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DOI: 10.26740/al-uqud.v3n1.p85-97
<![CDATA[This study aims to determine the practice of waqf, productive waqf management of sengon Plantations until the time of harvest and development of productive waqf in Sengon plantation. This study uses qualitative methods, then the results of the analysis using SWOT analysis. The results of this study indicate that the fund of productive waqf assets will be received in 2020 and fully submitted to the Republika Dompet Dhuafa. In the SWOT analysis, the strength are the land is fertile, the ability of Dompet Dhuafa management to appoint farmer is good, and as nazhir Dompet Dhuafa has an excessive experiences in productive waqf management. The weaknesses are the planting space is too close and the lack of spraying of pests in the sengon tree. The opportunities are the opening of cooperation with timber companies / traders, the opening of export opportunities to increase government foreign exchange and the good market price of sengon trees. While the threat faced is the presence of natural factors such as bad weather which causes the sengon tree to collapse.]]>
<![CDATA[STRATEGIES OF PT. PEGADAIAN TO ENHANCE MIKRO FIDUSIA SYARIAH CREDIT PERFORMANCE ]]>
<![CDATA[Ning Karna Wijaya]]>
<![CDATA[ al-Uqud : Journal of Islamic Economics Vol. 3 No. 1 (2019): January ]]>
Publisher : <![CDATA[Universitas Negeri Surabaya ]]>
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DOI: 10.26740/al-uqud.v3n1.p70-84
<![CDATA[This paper aims to find out the strategies of PT. Pegadaian as well as its effectiveness to enhance mikro fidusia syariah credit performance. It uses qualitative descriptive method through secondary data analysis of annual report PT. Pegadaian 2016-2017. Strategy is analyzed by qualitative data while its effectiveness is measured by quantitative data through comparison of Mikro Fidusia Syariah performance target and realization. The result shows that PT. Pegadaian strategies, such as product service channel reinforcement (collection), establishment sales force inorganic team, idle asset optimization, and establishment of Appraisal Officer Profession Certification Institution, have been implemented effectively to reach mikro fidusia syariah credit performance target 2016-2017. It is shown by customer number growth, number of transaction, sales turnover, outstanding loan, and munah that exceed 100% in average. However, that strategy is less effective to maintain the achievement in 2017, its effectiveness is lower than 2016.]]>
<![CDATA[COMPARISON AND PREDICTING FINANCIAL PERFORMANCE OF ISLAMIC AND CONVENTIONAL BANKS IN INDONESIA TO ACHIEVE GROWTH SUSTAINABILITY ]]>
<![CDATA[Ulumuddin Nurul Fakhri]]>;
<![CDATA[Saiful Anwar]]>;
<![CDATA[Rifki Ismal]]>;
<![CDATA[Ascarya Ascarya]]>
<![CDATA[ al-Uqud : Journal of Islamic Economics Vol. 3 No. 2 (2019): July ]]>
Publisher : <![CDATA[Universitas Negeri Surabaya ]]>
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DOI: 10.26740/al-uqud.v3n2.p174-187
<![CDATA[Islamic banking fall on stagnation of financial performance in 2011 after successfully overcoming the financial crisis in 1998 and 2008, as though the Islamic banking sector had only run in place and had no clear purpose in developing the Islamic finance business. The purpose of this study is to clarify the variables that predispose financial performance, as well as predict the decrease and increase of financial performance. This study uses an Artificial Neural Network (ANN) model to find out the variables that affect financial performance and predict the decrease and increase of financial performance of sharia and conventional banking for the next five months. This research generates the variables which affect the financial performance of sharia banking and the prediction of financial performance over the next five months. The variables which affect the level of financial performance of sharia banking affected dominantly by inflation, although the results of conventional banking are the same but not too significant. This shows that sharia banking CBGB (Commercial Bank Group of Business) 2 is very vulnerable with macroeconomic factors compared with conventional banking. ANN predictions produce an average of 80% success in predicting performance over the next five months.]]>
<![CDATA[COMPARISON ANALYSIS OF RISK-BASED CAPITAL (RBC) PERFORMANCE AND ITS EFFECT ON ISLAMIC INSURANCE PROFITABILITY IN INDONESIA AND MALAYSIA ]]>
<![CDATA[Zubaidah Nasution]]>;
<![CDATA[Elfira Maya Adiba]]>;
<![CDATA[Mohamed Omar Abdulrahim]]>
<![CDATA[ al-Uqud : Journal of Islamic Economics Vol. 3 No. 2 (2019): July ]]>
Publisher : <![CDATA[Universitas Negeri Surabaya ]]>
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DOI: 10.26740/al-uqud.v3n2.p149-160
<![CDATA[The minimum value of risk-based capital of Islamic insurance is 30% in Indonesia, while Malaysia is 130%. RBC is one of indicator to measure people interest in Islamic insurance products. This paper aims to compare the risk-based capital (RBC) of Islamic insurance companies in Indonesia and Malaysia and analyze its financial ratios. This study used quantitative approach through two analysis techniques, the Mann-Whitney test and multiple linear regression. The results of this study showed that there is difference in risk between capital (RBC) of Indonesian and Malaysian Islamic insurance. Further, RBC, liquidity and investment balance ratios have a significant impact to the profitability of Islamic Insurance in Indonesia, while investment returns have no significant impact. In the other hand, RBC, liquidity, investment balance ratio, and investment returns have significant impact to the profitability of Islamic Insurace in Malaysia.]]>
<![CDATA[MUDHARABAH AGRI-CROWDFUNDING IN THE EX-CLAY MINE UTILIZATION PROGRAM OF PT. SEMEN INDONESIA (PERSERO), TBK. CAMPUS OF C UNIVERSITAS INTERNASIONAL SEMEN INDONESIA ]]>
<![CDATA[Bambang Tutuko]]>;
<![CDATA[Ahmad Hudaifah]]>;
<![CDATA[M. Asyhad]]>;
<![CDATA[Paramita Setyaningrum]]>;
<![CDATA[Irvan Adhin Cholilie]]>
<![CDATA[ al-Uqud : Journal of Islamic Economics Vol. 3 No. 2 (2019): July ]]>
Publisher : <![CDATA[Universitas Negeri Surabaya ]]>
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DOI: 10.26740/al-uqud.v3n2.p133-148
<![CDATA[The objectives of research are to study market, technical, and financial feasibility of crowdfunding project using Syariah contract on specified agriculture project based on a higher education institute potency. Such process will be carried out to identify a feasibility of the land use in the project and the amount of funding needed to be collected with the concept of crowdfunding. The construction of a project requires analysis to determine the feasibility of the project. Method of research is quantitative by calculating financial feasibility. UISI has a land area of 3.8 hectares located on Campus of C UISI. This land is an ex-clay mining land of Semen Indonesia Company. Total investment and capital funding amount to Rp 100,000,000. The investment return period is 2 years. Based on the profit and loss calculation, it can be considered that capital and investment will return in the 6th month of the 1st year. In the 1st year the IRR obtained was 19%, whereas until the end of the second year the IRR was obtained by 42%. A significant difference occurred because in the second year Belimbing Tasikmadu, and Jambu Kristal fruit could already be harvested for commercial purpose. ]]>
<![CDATA[MUSLIM CONSUMER BEHAVIOR AND HALAL PRODUCT CONSUMPTION ]]>
<![CDATA[Muhammad Turhan Yani]]>;
<![CDATA[Sri Abidah Suryaningsih]]>
<![CDATA[ al-Uqud : Journal of Islamic Economics Vol. 3 No. 2 (2019): July ]]>
Publisher : <![CDATA[Universitas Negeri Surabaya ]]>
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DOI: 10.26740/al-uqud.v3n2.p161-173
<![CDATA[The purpose of article writing is to find out the impact of modernization on lifestyle in some Muslim societies that have a tendency to ignore the parameters of religion (Islam) in terms of consuming a food / beverage, medicine, even cosmetics product. The research method used is library research. The result of the analysis is that anything consumed in an Islamic perspective has implications for mental health. this is where awareness is needed that when Allah SWT. has given signs about halal and haram for food or drink, so there is a wisdom behind the provisions of Allah. In the context of normative law in Indonesia, halal standardization has also been strengthened by the Law of the Republic of Indonesia Number 33 of 2014 concerning Guarantee of Halal Products as a whole to all levels of society. In addition, the Government has also formed a body called the Halal Product Guarantee Agency which has the duty to hold a Halal Product Guarantee. This shows that the Government is also very concerned about the needs of its citizens in meeting the consumption of all products with halal standards.]]>
