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Contact Name
Gerry Ganika
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gega@untirta.ac.id
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iqtishadi@untirta.ac.id
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Kab. serang,
Banten
INDONESIA
Syi'ar Iqtishadi
ISSN : -     EISSN : 25980955     DOI : -
Core Subject : Economy, Education,
Merupakan Jurnal berkala ilmiah mempublikasi hasil-hasil kajian teoritis dan empiris dalam bidang ilmu ekonomi yang berlandaskan hukum Islam (syar’i), baik dalam praktek bisnis, organisasi, keuangan dan perbankan.
Arjuna Subject : -
Articles 109 Documents
Pengaruh Pembiayaan Mudharabah dan Istishna Terhadap Profitabilitas Bank Umum Syariah Periode 2021-2024 Febriyanti, Ika; Amijaya, Rachmania Nurul Fitri; Maulani, Afrida
Syi`ar Iqtishadi : Journal of Islamic Economics, Finance and Banking Vol 8, No 2 (2024)
Publisher : FEB Universitas Sultan Ageng Tirtayasa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35448/jiec.v8i2.29412

Abstract

This study aims to determine the effect of mudharabah financing and istishna on profitability using the Return on Asset (ROA) ratio of Islamic commercial banks in Indonesia in the period October 2021-June 2024. The study uses quantitative data analysis techniques with multiple regression methods using Eviews12 software. The data used is a type of secondary data obtained from the official OJK website. The data analysis technique uses descriptive analysis, classical assumption tests, multiple linear regression and hypothesis testing. The results of this study indicate that partially the mudharabah variable and the Istishna variable have an effect on profitability. Simultaneously, the mudharabh and istishna variables have an effect on profitability, which is 48.7%. While the remaining 51.3% is explained by other variables outside the two independent variables studied.
Analisis Implementasi Metode Hilah Dalam Ushul Fikih Ekonomi Pada Aktivitas Akad Jual Beli Sanda di Kabupaten Serang Banten (Studi: Kampung Kejaban Kepandean Ciruas Serang Banten) Syam, Surya Darma; Nursaman, Nursaman
Syi`ar Iqtishadi : Journal of Islamic Economics, Finance and Banking Vol 8, No 2 (2024)
Publisher : FEB Universitas Sultan Ageng Tirtayasa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35448/jiec.v8i2.28172

Abstract

Rasulullah SAW, forbade conditional buying and selling. However, in Kepandean Village, Ciruas Subdistrict, Serang Regency, Banten, there was a sale and purchase which was carried out using conditions agreed upon by both parties called the Sanda sale and purchase. This study aims to describe and analyze the implementation of the hilah method in Buying and Selling Sanda in Kepandean Village, Ciruas District, Serang Regency, Banten. The method used is descriptive with qualitative data. Data collection techniques using library research and interviews. With a community law approach (law in society approach) and a conceptual approach (conceptual approach). The discussion material in this paper includes hilah, buying and selling and sanda contracts. The results of this study can be concluded that in the implementation of the hilah method in the Sale and Purchase of Sanda in Kepandean Village, Ciruas District, Serang Banten Regency, namely the seller comes directly to people who are considered to have more assets and are able to buy land or other valuable items offered in the form of an agreement, on condition that -conditions set based on 'urf (custom). Quoting Max Weber's theory of practical rationality, which views that all human activities in this world are always associated with pragmatism and egotism, this practice can be understood, namely that both parties want convenience and practicality. Then there is a party in power (superior) taking action against the weak.
Dinamika Eksternal dan Dampaknya pada Pergerakan Harga Saham Jakarta Islamic Index: Analisis Risiko Geopolitik, Kebijakan Ekonomi, Harga Minyak, dan Inflasi Az-Zahra, Annisa Yaspa; Mukhsin, Moh; Pardiansyah, Elif
Syi`ar Iqtishadi : Journal of Islamic Economics, Finance and Banking Vol 8, No 2 (2024)
Publisher : FEB Universitas Sultan Ageng Tirtayasa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35448/jiec.v8i2.29688

Abstract

Islamic stock prices can be influenced by global conditions both at home and abroad. This is because globalization is increasingly widespread and has a major influence on fluctuations in Islamic stock prices.  The purpose of this study is to analyze the effect of geopolitical risk, China's economic policy uncertainty, and world oil prices on the Jakarta Islamic Index stock price through inflation. The analysis method used is path analysis with panel data for the 2019-2023 period. The results showed that geopolitical risk had a negative and significant effect on inflation and stock prices of the Jakarta Islamic Index. China's economic policy uncertainty has no effect on inflation and the Jakarta Islamic Index stock price. World oil prices have a positive and significant effect on inflation and the stock price of the Jakarta Islamic Index. Inflation has no effect on the stock price of the Jakarta Islamic Index. Inflation is not able to mediate the effect of geopolitical risk, China's economic policy uncertainty, and world oil prices on the stock price of the Jakarta Islamic Index.
Monetization of Dai Kondang's Da'wah as an Islamic Marketing Strategy in Improving the Ummah's Economy in the Digital Age Kahfi, Al; Zen, Muhamad; Fatmawati, Fatmawati
Syi`ar Iqtishadi : Journal of Islamic Economics, Finance and Banking Vol 9, No 1 (2025)
Publisher : FEB Universitas Sultan Ageng Tirtayasa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35448/jiec.v9i1.32056

Abstract

The monetization of Islamic preaching in the digital era has rapidly expanded through the use of social media by popular preachers. This study aims to analyze how these preachers apply Islamic marketing strategies to monetize da'wah and its impact on their welfare, da'wah production teams, and the broader Muslim community. Using a descriptive qualitative method and literature study approach, this research explores monetization models such as digital advertising, sponsorship, premium memberships, crowdfunding, and the Marketing Mix 4P (Product, Price, Place, Promotion). The findings reveal that ethical monetization aligned with Islamic values can empower the ummah economically. Models emphasizing financial transparency and public benefit, such as crowdfunding and voluntary donations, are considered more in line with Islamic ethics than ad-based or exclusive paid content. However, balancing commercialization with spiritual integrity remains a challenge. Therefore, principles of Tawhid, Maslahah, Amanah, Adl, and Ihsan must guide da'wah monetization in the digital era.
Ranking The Strictness Level Of Sharia Stock Screening Standards: A Comparative Analysis Of Global Sharia Stock Indices Fatoni, Ahmad; Utami, Kurnia Dwi Sari; Najmudin, Najmudin; Fakhrudin, Muhamad
Syi`ar Iqtishadi : Journal of Islamic Economics, Finance and Banking Vol 9, No 1 (2025)
Publisher : FEB Universitas Sultan Ageng Tirtayasa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35448/jiec.v9i1.32378

Abstract

This study aims to rank the level of strictness in Sharia stock screening standards across five major indices DJIM, MSCI Islamic, FTSE Shariah, KLSI, and ISSI. The research uses a qualitative-comparative analysis with a weighted scoring approach based on five key indicators: debt ratio, non-halal income tolerance, prohibited sectors, purification mechanisms, and technical screening methods. The results show that DJIM and MSCI fall into the very strict category, FTSE and KLSI are moderate, while ISSI is categorized as lenient. This variation provides important insights for investors and regulators in assessing how far an index reflects Sharia compliance and prudential standards.
Efficiency Performance Analysis of Mining Companies Listed in Sharia and Non-Sharia Stock Index in Indonesia with Data Envelopment Analysis (DEA) Method Mauliani, Mauliani; Mukhsin, Moh.; Pardiansyah, Elif
Syi`ar Iqtishadi : Journal of Islamic Economics, Finance and Banking Vol 9, No 1 (2025)
Publisher : FEB Universitas Sultan Ageng Tirtayasa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35448/jiec.v9i1.32035

Abstract

The emergence of the mining industry in an area has a positive impact on the socio-economic life of the community there, especially in the mining community concession areas. Indonesia's mining sector plays an important role in the country's economy, contributing greatly to state revenues and job creation. The mining sector experienced a decline in 2020 due to the COVID-19 pandemic which also had an impact on Indonesia's GDP, resulting in a growth contraction of minus 2.07% compared to the previous year (BPS, 2021). This study aims to determine the efficiency performance of mining companies listed on the Indonesian Sharia Stock Index (ISSI) and mining companies listed on the LQ45 Index, and also to determine how the efficiency of the two compares. The data used in this study are panel data with 4 selected companies from a total ISSI sample of 22 companies and 4 selected companies from a total LQ45 sample of 11 companies. This study uses a non-parametric method, namely Data Envelopment Analysis (DEA), then a normality test is carried out with the Kolmogorov Smirnov-Test to determine whether the data is normally distributed or not. And the Mann Whitney U-Test was conducted to determine the significance of the differences in the efficiency levels of mining companies listed on ISSI and LQ45. The results of the study showed that the efficiency performance of mining companies listed on ISSI showed imperfect efficiency of 81%, the efficiency performance of mining companies listed on LQ45 also showed imperfect efficiency of 66%. While the comparison of efficiency between the two showed a significant difference seen based on the mean rank which showed the average value of ISSI mining company efficiency of 91.87, which was greater than LQ45 mining companies with a value of 69.13
Forecasting The Stock Price Movement of Bank Aladin Syariah Using The Arima Model: A Study on Indonesia’s First Islamic Digital Bank Handayani, Disfa Lidian
Syi`ar Iqtishadi : Journal of Islamic Economics, Finance and Banking Vol 9, No 1 (2025)
Publisher : FEB Universitas Sultan Ageng Tirtayasa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35448/jiec.v9i1.32065

Abstract

This study models the stock price movement of Bank Aladin Syariah (BANK), Indonesia’s first Islamic digital bank, using the ARIMA method. As a pioneer in branchless, technology-driven sharia banking, Bank Aladin significantly contributes to enhancing financial inclusion and advancing Islamic finance. Its status as a first mover renders it particularly relevant to investors and market analysts, as its stock performance reflects broader sentiment toward technological adoption in the Islamic financial sector. The dataset comprises 694 daily closing prices sourced from Yahoo Finance, spanning the period from May 18, 2022, to March 27, 2025. Given the non-stationary nature of the data, first-order differencing was applied to attain stationarity. The ARIMA(1,1,1) model was identified as the most appropriate, producing nine-step-ahead forecasts ranging from 804.9910 to 804.9836 with gradually increasing standard errors. The model yields stable and conservative projections, offering valuable insights for investors and stakeholders in the Islamic digital banking sector.
The Impact of Digital Literacy And Islamic Financial Literacy on Paylater Usage Decision in Serang District: Trust in Financial Institutions As A Mediating Variable Mukti, Titania -; Marlia, Sri -; Najib, Mohamad Ainun; Abduh, Muhammad -
Syi`ar Iqtishadi : Journal of Islamic Economics, Finance and Banking Vol 9, No 1 (2025)
Publisher : FEB Universitas Sultan Ageng Tirtayasa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35448/jiec.v9i1.32780

Abstract

This study aims to examine the influence of digital literacy and Islamic financial literacy on the decision to use paylater, with trust in financial institutions as a mediating variable. The method used in this study is a quantitative approach with a survey involving 228 respondents selected by the purposive sampling method with certain criteria. Data analysis was carried out using Structural Equation Modelling (SEM) with SmartPLS software. The results of the study show that digital culture and trust in financial institutions have a significant effect on the decision to use paylater services partially with the probability value of each prob. 0.000 and prob. 0.046. Meanwhile, digital ethics and digital skills did not have a significant effect on the decision to use paylater (prob. > value 0.05). In addition, Islamic finance skills (prob. 0.000) and Islamic financial knowledge (prob. 0.000) affect trust in Islamic financial institutions. In terms of moderation effect, this study found that only Islamic finance skills moderated the influence of trust in Islamic financial institutions on paylater usage decisions (prob. 0.048), while digital safety and digital skills did not show a significant moderation effect
Exploring Trend of Cash Waqf Research: A Bibliometric Analysis Nurhasanah, Elis
Syi`ar Iqtishadi : Journal of Islamic Economics, Finance and Banking Vol 9, No 1 (2025)
Publisher : FEB Universitas Sultan Ageng Tirtayasa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35448/jiec.v9i1.32064

Abstract

This study examines research performance in the field of cash waqf by analyzing the most contributing authors, research themes, citations, and journals that frequently publish on the cash waqf topic. This study adopted a bibliometric approach, analyzing 215 research articles indexed in Scopus. The exported data was processed and analyzed using RStudio and bibliometric tools such as Bibliometric and Biblioshiny to identify the main keywords, trends, and development of research themes in the field. The journal that dominates articles about cash waqf is ISRA International Journal of Islamic Finance. The most prolific author in this field is Sukmana R with 10 papers, followed by Bulut M. University Sains Islam Malaysia is the top affiliate with 27 publications. In terms of citations, Malaysia ranked first with 718 citations, while Indonesia came second with 370 citations. Indonesia also showed the highest level of international collaboration in cash waqf research. Mandaville's (1979) work has the highest number of global citations in the cash waqf field, with 128 citations.

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