cover
Contact Name
Devid Frastiawan Amir Sup
Contact Email
aliktisab@unida.gontor.ac.id
Phone
+6285234190637
Journal Mail Official
aliktisab@unida.gontor.ac.id
Editorial Address
Jl. Raya Siman Ponorogo, Telp. (0352) 483762, Fax. (0352) 488182, Ponorogo, Jawa Timur, Indonesia
Location
Kab. ponorogo,
Jawa timur
INDONESIA
Al-Iktisab: Journal of Islamic Economic Law
ISSN : 25804251     EISSN : 2615661X     DOI : -
Core Subject : Economy, Social,
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.
Articles 153 Documents
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
The Administration of Halalan Tayyiban Products and Services in the Era of Islamic Caliphates under Hisbah Institution Haqqi, Abdurrahman Raden Aji
AL- IKTISAB Journal of Islamic Economic Law Vol 1 No 2 (2017)
Publisher : University of Darusssalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/al-iktisab.v1i2.2385

Abstract

A caliphate is a territory under the leadership of an Islamic steward known as acaliph, a person considered a religious successor to the Muhammad and a leader of theentire Muslim community. Historically, the caliphates were polities based in Islam whichdeveloped into multi-ethnic trans-national empires. During the medieval period, threemajor caliphates existed: the Rashidun Caliphate (632–661), the UmayyadCaliphate (661–750) and the Abbasid Caliphate (750–1258). The fourth major caliphate,the Ottoman Caliphate, established by the Ottoman Empire in 1517. One of the dutiesof a caliph is to administer and control the market which was included in Hisbah system.The Hisbah is a religious institution under the authority of the state that appointspeople to carry out the responsibility of enjoining what is right, whenever people start toneglect it, and forbidding what is wrong, whenever people start to engage in it. Thepurpose of this is to safeguard society from deviance, protect the faith, and ensure thewelfare of the people in both religious and worldly manners according to the Law ofAllah. Allah has made it obligatory upon all Muslims to enjoin good and forbid wrongdoingto the extent of their knowledge and abilities. Halalan Tayyiban products and serviceswere controlled under this institution. And this paper is an attempt to highlight suchcontrol in the history of Islam. How were Halalan Tayyiban products and servicesadministered and controlled?
Optimization of Agricultural Land: A Lesson from Islamic Economics Ismail, Nurizal; Aisyah, siti
AL- IKTISAB Journal of Islamic Economic Law Vol 1 No 2 (2017)
Publisher : University of Darusssalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/al-iktisab.v1i2.2387

Abstract

Human as social being is required to earn the wealth obtained from factors ofproduction to survive in his life. One of the important factors is land, which has beenmostly used in economy such as infrastructure, agriculture and mining. Unfortunately,the use of land tends to give more benefit to capitalist or land-owner than others intodays’ world. It impacts to inequality distribution of income in the society faced in thirdworld country that is mostly in Muslim countries. In Islam, administration of the landhas been concerned in primary sources (Qur’an and Sunnah) and Islamic literatures andpracticed into action in the state such as iqta, ihya al-mawat, zakah, rikaz, muzara’ah,salam, musaqah and other instruments. These instruments are mostly used in agriculturalfield in the Islamic age. Another instrument can contribute to sustainable agriculturaldevelopment is tax land: al-kharaj and al-’usyr. However, the result of this study statesthat to optimize the agricultural land, the state and Islamic banks can contribute togetherto solve the farmers problem such lack of financial support, shortage of water irrigation,lack of training and technology use by integrating appropriate Islamic financing andpolice of land tax that gives benefit and just to the farmers.
An Analysis of Investment for Hajj Funds from Islamic Law Perspective Fahmi, Annas Syam Rizal
AL- IKTISAB Journal of Islamic Economic Law Vol 1 No 2 (2017)
Publisher : University of Darusssalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/al-iktisab.v1i2.2388

Abstract

Being the largest Muslim country with some 250 million Muslims, Indonesia facesa huge demand from its citizens eager to perform Hajj and then it will impact to the hugeof funds to perform Hajj (Pilgrim). Initially, any surplus funds held by the Department ofReligion are supposed to be paid to the Islamic Community Perpetual Funds (DanaAbadi Umat). Currently, the government is now eyeing the country’s hajj (Muslimpilgrimage) fund as a potential source of infrastructure finance. By that araises somedebate whether the hajj funds can be used or no to finance Indonesia infrastructureproject. Therefore, the study intends to analyse the investment of hajj funds from Islamiclaw perspective. However, findings of the study are that the use of the hajj funds forinvestment is permissible in Islam with some condition such as the benefit gained from itis used for infrastructures abd facilities of hajj performance.
Clearing in the View of Islamic Economic law Muqorobin, Ahmad; Wulandari, Yunita
AL- IKTISAB Journal of Islamic Economic Law Vol 1 No 2 (2017)
Publisher : University of Darusssalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/al-iktisab.v1i2.2389

Abstract

The financial flow can be regarded good or bad based on the function of centralbank in managing the circulation of money in Indonesia. Currently, the transanctiongiral money is more dominant than cartel money in the society. Because it tends to bemore effective, effecient and easy used in all economic activities. Most of the paymentsmaking up the transactions flow between several banks, which need one of the instrumentsthat settles the flow money circulated among the banks known as clearing. The objectiveof research is to know the mechanism of clearing and the structure of ‘aqd in the bankfrom Islamic law perspective. The finding shows that the application of clearing inIslamic banking has used Aplikasi kliring the contract of waka>lah, specifically waka>lahbilujroh that the bank will get the fees to represent the customers settling the payment.
Assessing the Compliance of Online Marketplace Mechanism with Shari’ah Law (Case Study of Bukalapak) Masputra, Iryandi; Akbar, Nashr
AL- IKTISAB Journal of Islamic Economic Law Vol 1 No 2 (2017)
Publisher : University of Darusssalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/al-iktisab.v1i2.2390

Abstract

Bukalapak is one of the biggest online marketplace in Indonesia. Bukalapak providesa place for trading for sellers and buyers, utilizing the applications on the internet as aspace to trade. The objective of the study is to assess the the compliance of product, buyerand seller verification system, payment and delivery transaction system of Bukalapakwith the Shariah law. This research uses a qualitative approach; interview and observation.The collected data will be analysed with interactive analysis model by Miles andHuberman. The result of this study shows that as an online marketplace, Bukalapakcomplies with the legal standards of Shariah law which is based on ijab qabul between theseller and the buyer, also there is a form of liability or indemnity imposed by Bukalapakwith the view of balance and fairness between all Bukalapak users. The result also showsthat Bukalapak had been running based on honesty and openness so that it is able todevelop the market based on Islamic economics. Hence, it earns the trust from the sellersand the buyers as a place for buying and selling.
Law Enforcement through Justice and Ethical Institution: Historical Perspective Aisyah, Siti; Ismail, Nurizal
AL- IKTISAB Journal of Islamic Economic Law Vol 2 No 1 (2018)
Publisher : University of Darusssalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/al-iktisab.v2i1.2394

Abstract

Islam is the way of life which guides mankind to attain the happiness in here and thehereafter (falah). It is also a religion of peace through the submission to the will and laws ofGod, advocates the establishment of ethic and social justice in order to achieve peace. In thehistory of Islam, enforcement of law was implemented to preserve good ethic and justice in thesociety. Therefore, it is needed to know how the implementation of Islamic law enforcementregarding ethic and justice in Islamic framework. This paper aims to study how the Islamicstate in the early of Islam pays attention to ethic and justice of society in its governmentaffair or administration and how the wilāyat al mazālim and hisbah as Islamic institutionwill stand for law enforcement to promote justice and higher ethic in the society. Moreover,finding of the study states that the Justice and ethical values have been still concerned byIslamic State. The administration of justice carried out by Muslim should consist of theapplication of Shari’ah in name of God without any temporal consideration. Enforcementof law regarding ethic and justice is manifested in hisbah and wilāyat al-mazālim. Eachinstitution has different duties, but has mutual relation to administrate the state towardwelfare state. The hisbah institution plays its role to command good action (amar ma’ruf)and prohibit evil (nahi munkar). It has a responsible for the implementation of Shari’ahprinciples in society. Furthermore, wilāyat al-mazālim is an institution that carries out thejustice around the society. This institution looks into the cases which are not included incommon court authority, such as persecution matters which are committed by the authority,judges or member ruling family.
The Application of Murābaha Contract in Islamic Banking from Muslim Jurists’ Perspective Ghazali, Mohammad
AL- IKTISAB Journal of Islamic Economic Law Vol 2 No 1 (2018)
Publisher : University of Darusssalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/al-iktisab.v2i1.2395

Abstract

High needs of the society needs on Islamic banking services tends to be viewed by bankersto produce more products that can be used to answer the need of financing and easy transactionacted by people. Hence, one of the Islamic banking transaction that attracts the society enthusiastic to be used is murābaha. In theory, the murābaha is allowed in Islam, therefore thesociety want to use it, but it may be in practice of murābaha can be found the prohibitedtransaction such as riba, gharar, and gambling. By then, this paper attempts to analyse thepractice of murābaha in Islaminc banking from the thought of Muslim jurists either classicalor contemporary time. The method used for the study is comparative analysis on law producedby the Muslim jurists such as al-Mãlikiyah, al-Shafi‘iyah, al-hanafiyyah, and al-Hanãbilah.
An Analysis of Mudhrabah Contract, Profit Sharing Rate, and Grant (Hibah) of Mudharabah Influence Customer’s Interest to do Saving Case Study: Muamalat Bank, Sragen Branch in 2017 Kamaluddin, Imam; Cahyo, Eko Nur; Triani, Finis
AL- IKTISAB Journal of Islamic Economic Law Vol 2 No 1 (2018)
Publisher : University of Darusssalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/al-iktisab.v2i1.2396

Abstract

The purpose of this research is to analyze the influence of mudharaba contract, profitsharing rate and grant of mudharabah muthlaqah contract on customer’s interest to do savingand to ascertain how the mechanism of grant distribution on the mudharabah muthlaqahcontract in Muamalat Bank of Indonesia, branch of Sragen. The findings are that MudharabaContract, Profit Sharing Rate and Grant on the Mudharabah contract, had influenced thecustomer’s interest to do saving in Muamalat Bank. Resulted that F test had shown F point asmuch as 2,783 with significant point as much as 0,165 more than 0.05, while determinationcoefficient was shown by R2 as much as 0.093 or 9,3% had influenced on the customer’sinterest to do saving, while the 90,7% had influenced by other factor.

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