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AFEBI Islamic Finance and Economic Review
ISSN : 25485288     EISSN : 25485296     DOI : -
Core Subject : Economy,
AFEBI Islamic Finance And Economic Review (AIFER) is an academic journal which is published twice a year (June and December) by The Association of The Faculty of Economics and Business Indonesia. AIFER is aimed as an outlet for theoretical and empirical research in the field of Islamic Finance and Economics and to disseminate the information of the Islamic Finance and Economics research was conducted by members of AFEBI in particular and researchers in general to the academics, practitioners, students, and others who interested in Islamic Finance and Economics research.
Arjuna Subject : -
Articles 80 Documents
Micro Business Empowerment Model Through Cash Waqf Agus Suaidi Hasan; Sri Herianingrum
AFEBI Islamic Finance and Economic Review Vol 4, No 01 (2019)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v4i01.376

Abstract

Poverty and economic inequality have become persistent problems. It is believed that this problem can be faced with cooperation and mutual concern. Through this, Islam as a holistic teaching has actually provided a means of solution to dealing with this problem, namely the existence of Islamic philanthropy in the form of zakat, infaq, shadaqah and waqf. Especially in the field of waqf, it has now experienced a development of meaning, where currently the practice of waqf with money or cash waqf has developed. The existence of waqf money is a huge potential, especially in Indonesia as the largest Muslim country in the world. With this potential, it is hoped that the management of waqf money can become a new alternative in economic development, especially as an alternative financing for empowering micro businesses. This research uses a qualitative approach with literature study method, data is obtained from electronic media, books, and journals. The result of this research is to develop a sharia financing model through cash waqf instrument as an alternative source of financing and empowerment of micro businesses.Keywords: Cash Waqf, Sharia Financing, Empowerment, Micro Business
The Role of Takmir in Mosque Fund Management on Increasing Trust Community for Zakah, Infaq and Alms (Study on the Great Mosque of Pelita Samarinda) Isna Yuningsih; Andi Martina Kamaruddin; Adi Tri Pramono
AFEBI Islamic Finance and Economic Review Vol 5, No 02 (2020)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v5i02.450

Abstract

This study aims to determine the role of takmir in managing mosque funds so that they can increase and maintain public trust in zakah, infaq, and alms at the Great Mosque of Pelita Samarinda. The methodology used in this study is qualitative with a descriptive approach. The informants in this study were the administrators of the Great Mosque of Pelita Samarinda which included the Mosque Secretary, the Treasurer of the Mosque, and the Chair of the Education Section/Taklim Assembly of the Great Mosque of Pelita Samarinda, as well as the congregation of the Great Mosque of Pelita Samarinda. Data collection techniques used are interviews, library sources, and documentation. The results of this study indicate that the role of takmir is very vital in increasing public trust in zakah, infaq, and alms at the Great Mosque of Pelita Samarinda. The contributions of this research include being able to improve the quality and responsibility of the mosque takmir in terms of being accountable for the trust of the congregation, by providing evidence of transparent income and expenditure reports.Keywords: Great Mosque of Pelita Samarinda; Takmir Mosque; Fund Management
Zakat Management: Update-To-Down Zakat Governance in the Amil Zakat Agencies in Indonesia, Malaysia and Brunei Darussalam Imam Gracia Marshall; Sri Herianingrum
AFEBI Islamic Finance and Economic Review Vol 6, No 01 (2021)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v5i01.370

Abstract

Islam invites, recommends and obliges all of its people to do zakat, infaq, alms and waqf (ZISWAF) as an effort to provide a sense of justice and equality among humans in order to increase gratitude to ﷲ. One of the efforts is by means of zakat, how is a mu'min who has reached the nisab of zakat to give zakat. With the current condition of Indonesia, which already has Baznas (National Zakat Agency) and many Amil Zakat Institutions (LAZ) which are managed by various types of communities, organizations, institutions and institutions, it should decrease the poverty value and increase the level of welfare every year. But the reality is the opposite. The Central Statistics Agency (BPS) released data on the number of poor people in March 2020 amounting to 26.42 million people, even though Indonesia's Muslim population is approximately 220 million people who should have good and healthy management and management to reduce the number of poor people in Indonesia in order to increase welfare of Indonesia. Even good governance is the main key in increasing welfare in Indonesia.Keywords: Zakat, Baznas, Poverty, Welfare, Zakat Management
Islamic Behavior Finance: Literature Review Herry Ramadhani
AFEBI Islamic Finance and Economic Review Vol 4, No 02 (2019)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v4i02.460

Abstract

The purpose of this research to analyze the existing literature on Behavior Finance and Islamic Behavior Finance which can contribute to future studies in the field of Islamic Behavior Finance. This research is based on a critical review of Islamic Behavior Finance. Research findings that there are two different directions between Behavior Finance and Islamic Behavior Finance, further research is needed to develop and find new theories to advance knowledge in the field of Islamic Behavior Finance that can provide information for a Muslim to invest in accordance with sharia principles and provide a broader insight into investment in terms of psychology or behavior.Keywords: Investment, behavior Finance, Islamic Behavior Finance, Sharia and Psychology
Concept of Waqf in Supporting Health Facilities and Its Compliance With Regulation in Indonesia Muhammad Sena Nugraha Pamungkas; Irham Zaki
AFEBI Islamic Finance and Economic Review Vol 5, No 01 (2020)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v5i01.378

Abstract

This study aims to identify the concept and utilization of waqf in supporting and running health care facilities in Islamic civilization and evaluating its compliance with statutory regulations if the same concept is applied in Indonesia. By using the documentary research method this study examining and/or exploring various secondary sources related to the research topic. This research concludes that the use of waqf in supporting and maintaining the sustainability of health facilities has become a part of Islamic civilization. The concept of using waqf in operating and supporting health facilities is also not against the prevailing laws and regulations. In fact, the concept is in the same line with article 170 of Law No. 36 of 2009 concerning health and Presidential Decree No.59 of 2017 concerning sustainable development. With the harmony between the concept of waqf and the prevailing law and regulations it is expected that government could realizing provided a sustainable and inclusive waqf-based development.
Potential of Zakat on MSME Growth in Indonesia's Economic Recovery Ario Hernest Hadinata; Irham Zaki
AFEBI Islamic Finance and Economic Review Vol 5, No 02 (2020)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v5i02.385

Abstract

This article explains how the potential of zakat, where Indonesia is the country with the largest Muslim population in the world. Certainly with the largest Muslim population. Indonesia has great zakat potential. Based on the research of Baznas, Bogor Agricultural University (IPB), and Islamic Development Bank (IDB), the potential of national zakat amounted to Rp 217 trillion. So in this case it takes planning how the program of distribution of zakat can be channeled in a directed manner and has a clear orientation where zakat will be distributed, not just on the distribution of a moment without any sustainable effect. The author has an idea about the system of distribution of zakat that can be channeled to MSMEs with a revenue-sharing system so that the zakat can later be re-collected and used for further purposes. In the end, the orientation of the idea of zakat distribution program to MSMEs can have a sustainable impact. Then on the next side poverty can be resolved, unemployment can be realized, and welfare can be felt by all communities so that the expected benefits in the Islamic economy can be realized.
An Islamic Economic Perspective About Sources of Public Finance Revenue in Indonesia Based on Abu Ubaid’s and Ad-Dawudi‘s Thought Baitul Hamdi; Tika Widiastuti
AFEBI Islamic Finance and Economic Review Vol 6, No 02 (2021)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v6i02.351

Abstract

This paper discusses sources of Islamic public finance income based on the ideas of Abu Ubaid and Ad-Dawudi in the Al-Amwal book and makes them relevant to sources of income from Indonesian public finances. The writing uses a qualitative method with a literature study approach to analyze the thoughts of Abu Ubaid and Ad-Dawud. The results showed that the sources of public financial income according to Abu Ubaid are zakat, fa'I, and khumus. While according to Ad-Dawudi in the book Al-Amwal, the source of state income is divided into periodic income (jizyah and kharaj and usyur) non-income periodic (ghanimah, fa'I, and zakat). In general, it has relevance to public sources of finance in Indonesia, it's just that the system or amount is different. Kharaj, fai, usyur, khumus in the form of mining taxes, jizyah in the form of visas, ghanimah there are differences of opinion that can be equated with confiscated goods from the state due to violating the law while other opinions say they are irrelevant because they support war actions to acquire wealth, lastly, Zakat is still practiced in Indonesia and managed by BAZNAS and LAZ
How Islamic Economics View on Ecology? Muhammad Anis; Irham Zaki
AFEBI Islamic Finance and Economic Review Vol 4, No 02 (2019)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v4i02.366

Abstract

As ecological problems become more apparent, public awareness of their dependence on nature is increasing. This then raises the urge to care about ecological issues. In line with this, there was also a movement that blended ecological issues with religious issues. So, there arose a scientific interest in studying religion in relation to ecology, including in Islam. In this case the discussion will focus on how Islamic economic views about ecology. By using qualitative methods, the discussion is focused on getting an overview of the Islamic economic view of ecology. Islamic economic bases its value on the concept of tauhid, so it views ecology as a unified relationship between God, man and nature. Al-Quran, as the main source of sharia values, explains a lot about the nature and ecological crises that can occur if humans do damage. Islamic economics is full of moral values, in exploring nature, human must uphold the prevailing moral values and pay attention to the principles of maslahah and maqashid sharia.
Efficiency Analysis of Indonesian Sharia Banks Nur Khalimah; Edy Yusuf Agung Gunanto
AFEBI Islamic Finance and Economic Review Vol 4, No 01 (2019)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The development of Islamic banking in Indonesia is still not optimal, so it requires performance improvement. It is necessary to measure efficiency and productivity to achieve predetermined targets. This study measures the level of efficiency of 12 Islamic commercial banks in Indonesia for the 2016-2018 period using DEA (Data Envelopment Analysis), method with the assumption of CRS (Constant Return to Scale) and maximizing output. Furthermore, the malmquist index analysis is to see the productivity level of Islamic commercial banks. The results show that the overall efficiency of Islamic commercial banks in Indonesia has decreased. In 2016, the average efficiency of Islamic commercial banks was 100 percent. In 2017 the average efficiency was 99.93 percent with 3 Islamic commercial banks that were not efficient. In 2018 the average efficiency was 98.4 percent with 2 Islamic commercial banks that were not efficient. The results of the malmquist index analysis in 2017, there were 8 Islamic commercial banks increasing returns to scale, while 4 Islamic commercial banks decreasing returns to scale. In 2018, 11 Islamic commercial banks increasing returns to scale and 1 Islamic commercial banks decreasing returns to scale.Keywords: Efficiency, productivity, DEA, Islamic Bank.
What Determines Student Decision to Select Islamic Bank in Indonesia? Bagus Eka Saputra; Edy Yusuf Agung Gunanto
AFEBI Islamic Finance and Economic Review Vol 5, No 02 (2020)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v5i02.447

Abstract

Indonesia has a very large muslim population. The large number of muslim population in Indonesia will certainly affect the behavior of consumers from the public to use Islamic banking services. This study aims to determine the effect of religiosity, income, service, promotion and location on the decision of students of the faculty of economics in Semarang to use Islamic banks. The population in this study were students of the faculty of economics in the city of Semarang. This research is quantitative study conducted by distributing questionnaires to 191 respondents with purposive random sampling method. This research uses multiple linier regression analysis which is processed using SPSS version 23. The study found that the factors of religiosity, promotion and location partially have a significant effect on the decision of students to select Islamic banks. While the income and service variables partially did not significantly influence the decision of students to use Islamic banks.