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Devid Frastiawan Amir Sup
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Al-Iktisab: Journal of Islamic Economic Law
Published by Universitas Darussalam Gontor
ISSN : 25804251     EISSN : 2615661X     DOI : -
Core Subject : Economy, Social,
Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice
Al-Iktisab: Journal of Islamic Economic law is a peer reviewed journal published by University of Darussalam (UNIDA) Gontor. The journal is semi-annual journal issued on May and November. The aims of the journal is to explore and develop economics related to Islamic laws that cover issues both from Indonesia and overseas. Moreover, the editor accepts final manuscripts that have not been sent to other journal for publication. Those interested in subscribing to the Journal, advertising in the Journal, submitting manuscripts to the Journal, or otherwise communicating with the Journal, should contact at aliktisab@unida.gontor.ac.id.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 5 Documents
 1 
Search results for , issue "Vol 1 No 1 (2017)" : 5 Documents clear
A Nexus between Identity Awareness and Decolonization Process of Local Economy: Indonesian Experience Al-hakim, Muhammad Hanif
AL- IKTISAB Journal of Islamic Economic Law Vol 1 No 1 (2017)
Publisher : University of Darusssalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/al-iktisab.v1i1.2379

Abstract

This paper will examine four significant economic events – namely, Indonesiangovernment’s measure to nationalize the existing foreign enterprises in 1950s; debatein between 1949-1957 in searching of an appropriate ideology to be adopted as frameworkin devising economic policies; the rise of Sharia-compliant bank in early 1990s; and theemergence of Islamic co-operative financial institution called Bay al-Mâl wa al-Tamwîl(BMT), in relation to the advancement of people awareness of their right identity. Thefinding says that reality stated that decolonization movement in Indonesia from bottomupthat is contrary from ideal studies, and it is always connected with real identity thatthe decolonized people are certain with. By then, identity awarness is the way to thedecolonisation process that will impact to Islamization of economics in Indonesia.
Why Muslim Countries under developed? Aisyah, Siti
AL- IKTISAB Journal of Islamic Economic Law Vol 1 No 1 (2017)
Publisher : University of Darusssalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/al-iktisab.v1i1.2380

Abstract

Islam is very comprehensive religion as the way of life that guides mankind in allaspects of life. The two responsible of human such as worshiper of Allah and agent ofeconomic on earth are related to development. Nowadays, the development of Islamiceconomic and finance in many Muslim countries is significant to contribute the economicgrowths in the country in spite of many of Muslim countries are still in the povertyproblem. By then, the paper attempts to analyze the major problem of Muslim countriestoward development, to explore determinant factors of development in Islamic goldenage and to give best solution to economic development of Muslim countries. It isqualitative research by using content analysis to answer all reseach questions. Thefindings are that The problem of development in Muslim countries is very complex suchas poverty, lack of human skill, income inequality, low level productivity, accumulationof foreign debt and illiteracy. There are several countries that have excessive oil can becategorized as high human development. The economic development of Islamic Goldenage applies religious and physical factors to promote society welfare. Lastly, there arefive successfull determinant factors in economic development such as religion, knowledge,wealth, inovation and institution.
The Role of Islamic Bank as Providers of Islamic Wealth Management in Enhancing the Potential of Waqf Funds Ismail, Nurizal; Cahyo, Eko Nur
AL- IKTISAB Journal of Islamic Economic Law Vol 1 No 1 (2017)
Publisher : University of Darusssalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/al-iktisab.v1i1.2381

Abstract

The purpose of this paper is to analyze the role of Islamic banks as providers ofIslamic wealth management product in relation with the enhancement of waqf funds.Theauthors use qualitative research that refers to the meanings, concepts, definitions,characteristics, metaphors, symbols and descriptions of the matter understudy by employscontent and descriptive analysis in order to get finding of the study. The data collectionis generated from Islamic sources: Qur’an, Sunnah and some Islamic literatures, andother sources such as books, journals, report documents, magazines and articles frominternet. These sources will be put in to coding and analyzed to answer the researchproblem of study. The role of Islamic wealth management is not only focusing on worldlyinvestment helping the clients’ need, but also hereafter investment. One of the instrumentsof wealth distribution that can be used for hereafter investment is waqf that helps theclients’ wealth to obtain blessing (barâkah) of Allah. By waqf, Islamic wealth managementinstrument can accomodate all models of waqf funds from cash waqf, insurance waqf,corporate waqf, etc. There are three options to of putting their wealth in waqf funds,they are: (i) family waqf, (ii) public waqf, and (iii) combination of waqf. All benefits ofthese waqf can contribute the the development of ummah. This paper is one of the veryfew conceptual studies concerning the practice of Islamic banking in implementing theproduct of wealth management for social purposes which is enhancement of waqf fundsfor the benefit of ummah.
Profit and Loss Sharing (PLS) as Basis Characteristic of Islamic Banking: An Analysis of Mudharâbah Contract Ghozali, Mohammad; Kurniawan, Andy
AL- IKTISAB Journal of Islamic Economic Law Vol 1 No 1 (2017)
Publisher : University of Darusssalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/al-iktisab.v1i1.2383

Abstract

Mudhârabah constitutes one of the products in Islamic banking. It is a cooperationcontract between two parties, where one party (rabbul mâl) provides 100% fund andother (mudhârib) provide work. Profit will be shared between two parties according to apre-determined profit sharing ratio contract known as nisbah. In the case of loss, thecapital owner shall bear the monetary loss and manager or entrepreneur shall loose thereward of his effort unless caused by negligence or violation by mudhârib. This is coreconcept of mudhârabah, which gives fair business cooperation between two parties. Thisstudy will explore basis characteristics of mudhârabah in Islamic banking. The findingsare that Islamic banking has certain basic characteristics from PLS such as as justsystem, as tool of efficient allocation of capital, as productive contract that support whohave business either micro, middle or macro level, and as medium to reach the objecticveof Islamic economics.
An Analysis of Administration Fees in Murabâha Financing Case Study: Muamalat Bank of Indonesia, Sragen Branch in 2015 Fanani, Ahmad; Amrina, Mien
AL- IKTISAB Journal of Islamic Economic Law Vol 1 No 1 (2017)
Publisher : University of Darusssalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/al-iktisab.v1i1.2384

Abstract

Administration fee is commonly used for operational activities, which its rate ischarged to customers depends on each bank. It is charged for several products andservices that require certain administrations. Hence, Muamalat Bank is pioneer of Islamicbank in Indonesia founded in 1992 has contributed to the development of product andservice for customers. It has many branches in all districts such as branch Sragen in eastjava. In relation with administration fee, Muamalat Bank, branch Sragen has producedmany contracts by imposing administration fees with in them such as in murâbahafinancing. Finding of the study are that murâbaha financing is imposed for operationaland survey fee. The administration fee in branch Sragen is determined by tiered pricingstructure on murâbaha financing, which is not permissible in Islamic principles becauseit contains element of ghârar and ghaban

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