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Agung Guritno
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Muqtasid: Jurnal Ekonomi dan Perbankan Syariah
ISSN : 20877013     EISSN : 25278304     DOI : -
Core Subject : Economy,
Muqtasid: Jurnal Ekonomi dan Perbankan Syariah (Muqtasid), with registered number ISSN 2087-7013 (Print) and ISSN 2527-8304 (Online), is a peer-reviewed journal published two times a year (January-June, and July-December) by Faculty of Islamic Economics and Business, IAIN Salatiga. Muqtasid is intended to be the journal for publishing articles reporting the results of research on Islamic Economics and Banking.
Arjuna Subject : -
Articles 185 Documents
Back Matter Muqtasid Vol. 10 No. 2 Bimo Haryo Setyoko
Muqtasid: Jurnal Ekonomi dan Perbankan Syariah Vol 10, No 2 (2019): MUQTASID: Jurnal Ekonomi dan Perbankan Syariah
Publisher : IAIN Salatiga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (447.747 KB) | DOI: 10.18326/muqtasid.v10i2.%p

Abstract

Konsep Distribusi Muhammad Baqir al-Sadr dan Perbandingannya Dengan Teori Keadilan Distribusi Kontemporer Hafas Furqani; Abdul Hamid
Muqtasid: Jurnal Ekonomi dan Perbankan Syariah Vol 10, No 2 (2019): MUQTASID: Jurnal Ekonomi dan Perbankan Syariah
Publisher : IAIN Salatiga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1352.047 KB) | DOI: 10.18326/muqtasid.v10i2.107-123

Abstract

Abstract This study aims to examine the concept of distributive justice according to Muhammad Baqir al-Sadr and comparing it with the conventional theory of distributive justice. Al-Sadr’s concept of distributive justice is explored from his magnum opus, Iqtisaduna, in which he criticizes the Capitalist and Socialist economic system and put forward his thought on Islamic economic system. This research is a qualitative study using content analysis. The approach used is a comparative analysis with contemporary distribution justice concepts and theories. This study found that in al-Sadr’s conception, distribution should be put earlier than production in an economic system. Distribution is classified into pre-production distribution and post-production distribution. To realize distributive justice, al-Sadr also argues the importance of property ownership rights and compensation. He also argues that the state plays an important role in regulating the economy and establishing distributive justice. AbstrakPenelitian ini bertujuan untuk mengkaji konsep keadilan distribusi menurut Muhammad Baqir al-Sadr dan perbandingannya dengan teori keadilan distribusi kontemporer. Konsep keadilan distribusi al-Sadr digali dari magnum opusnya Iqtisaduna yang berisi kritikan kepada sistem ekonomi Kapitalisme dan Sosialisme serta kontribusi pemikiran beliau dalam membangun ekonomi Islam. Penelitan ini adalah penelitian kualitatif menggunakan analisa konten analisis. Pendekatan yang digunakan adalah analisa komparasi dengan konsep dan teori keadilan distribusi kontemporer. Hasil penelitian ini menemukan bahwa dalam pemikiran al-Sadr, distribusi menduduki posisi lebih awal daripada produksi. Ia melihat permasalahan ekonomi itu muncul pada ketidakmerataan distribusi, bukan pada produksi. Oleh karena itu, al-Sadr mengklasifikasikan distribusi kepada dua tahap, distribusi pra-produksi dan distribusi pasca-produksi. Untuk mewujudkan keadilan distribusi, menurut al-Sadr sangat penting memperhatikan hak kepemilikan dan kompensasi. Al-Sadr juga berpandangan bahwa negara berperan penting sebagai pilar utama dalam pengaturan ekonomi dan penegakan keadilan distribusi.
Factors Influencing on Job Preference among Shariah Banking Student Rosana Eri Puspita
Muqtasid: Jurnal Ekonomi dan Perbankan Syariah Vol 10, No 1 (2019): MUQTASID: Jurnal Ekonomi dan Perbankan Syariah
Publisher : IAIN Salatiga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (340.945 KB) | DOI: 10.18326/muqtasid.v10i1.69-79

Abstract

Abstract The aim of this study is to predict factors influencing in job preference among Shariah Banking Student at disruption era. There are two variables to predict the factors, knowledge about sharia banking career and attitude. This study used a quantitative approach and online survey as the data collection technique. The result showed that intention is influenced by attitude and knowledge. This research provided a suggestion for managers of Islamic banking programs to carry out two approaches to marketing it, namely the consumer approach and product approach. The consumer approach was carried out by transferring knowledge about broader job prospects in this era and conducting market sensing. While the product approach was done by compiling a curriculum that is always updated with the needs of markets that are moving rapidly in this era. This study is limited to only on sharia banking student. The limitation of this study is the absence of testing of factors other than knowledge and attitudes that contribute to predicting intentions.AbstrakTujuan dari penelitian ini adalah memprediksi faktor yang mempengaruhi preferensi pekerjaan pada mahasiswa Perbankan Syariah di era disrupsi. Ada dua variabel untuk memprediksi faktor-faktor tersebut, yaitu pengetahuan tentang karir kerja perbankan syariah di era dan sikap. Pendekatan kuantitatif diadopsi dalam penelitian ini. Pengumpulan data dilakukan dengan survei online. Penelitian ini menggunakan pendekatan kuantitatif dengan mengetahui pengaruh antar variabel. Hasil penelitian menunjukkan bahwa niat dipengaruhi oleh sikap dan pengetahuan. Penelitian ini memberikan saran bagi manajer program perbankan syariah untuk melakukan dua pendekatan untuk memasarkannya, yaitu pendekatan konsumen dan pendekatan produk. Pendekatan konsumen dilakukan dengan mentransfer pengetahuan tentang prospek pekerjaan yang lebih luas di era ini dan melakukan penginderaan pasar. Sedangkan pendekatan produk dilakukan dengan menyusun kurikulum yang selalu diperbarui sesuai dengan kebutuhan pasar yang bergerak cepat di era ini. Penelitian ini terbatas hanya pada siswa perbankan syariah. Keterbatasan penelitian ini adalah tidak adanya pengujian faktor selain pengetahuan dan sikap yang berkontribusi untuk memprediksi niat.
Perumusan Konsep Shariah Governance di Indonesia: Evaluasi Model Pengawasan Syariah di Sektor Perbankan Laili Latifah Puspitasari; Rifqi Muhammad
Muqtasid: Jurnal Ekonomi dan Perbankan Syariah Vol 10, No 1 (2019): MUQTASID: Jurnal Ekonomi dan Perbankan Syariah
Publisher : IAIN Salatiga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (617.385 KB) | DOI: 10.18326/muqtasid.v10i1.1-16

Abstract

Abstract This study aims to evaluate Sharia governance infrastructure in Sharia banking in Indonesia, specifically the Sharia review phase by the Sharia Supervisory Board which was disclosed in the Sharia bank annual report. Furthermore, an analysis of the possibility of adopting the Shariah Governance Framework (SGF) of Bank Negara Malaysia (BNM) is based on the perceptions of experts, using 3 research samples, namely Bank Syariah Mandiri, BPD DIY Sharia Business Unit, and BPRS Bhakti Sumekar. The data analysis uses a qualitative descriptive approach. Our results show that the governance processes, procedures and mechanisms in the Sharia review process by the DPS are supported by the bank's internal functions, namely the function of Internal Audit and the Compliance function. Based on these conditions, SGF BNM adoption is considered less suitable when applied to Islamic banking in Indonesia. One of them was caused by a lack of human resources in Indonesia with dual competency (Sharia law and finance). So that it is not possible to separate each unit such as the SGF BNM, namely Shariah Audit, Shariah Review, Shariah Research, and Shariah Risk ManagementAbstrak Penelitian ini bertujuan untuk mengevaluasi infrastruktur tata kelola Syariah pada perbankan Syariah di Indonesia, khususnya tahap Shariah review oleh Dewan Pengawas Syariah yang diungkap pada laporan tahunan bank Syariah. Untuk selanjutnya dilakukan analisis kemungkinan adopsi Shariah Governance Framework (SGF) Bank Negara Malaysia (BNM) yang didasarkan pada persepsi para ahli dengan menggunakan 3 sampel penelitian, yaitu Bank Syariah Mandiri, Unit Usaha Syariah BPD DIY, dan BPRS Bhakti Sumekar. Analisis data menggunakan pendekatan deskriptif kualitatif. Hasil penelitian menunjukkan bahwa proses, prosedur, dan mekanisme tata kelola khususnya pada proses Shariah review oleh DPS didukung oleh fungsi internal bank, yaitu fungsi Audit Internal dan fungsi Kepatuhan. Berdasarkan kondisi tersebut, adopsi SGF BNM dinilai kurang sesuai apabila diterapkan pada perbankan Syariah di Indonesia. Hal tersebut salah satunya disebabkan oleh kurangnya jumlah sumber daya insani di Indonesia dengan dual competency (hukum Syariah dan keuangan). Sehingga belum memungkinkan untuk dilakukan pemisahan tiap unit seperti pada SGF BNM yaitu Shariah Audit, Shariah Review, Shariah Research, dan Shariah Risk Management
Maqashid Shariah's Criticism of the Pareto Optimum Theory Iwan Setiawan
Muqtasid: Jurnal Ekonomi dan Perbankan Syariah Vol 11, No 1 (2020): MUQTASID: Jurnal Ekonomi dan Perbankan Syariah
Publisher : IAIN Salatiga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1812.815 KB) | DOI: 10.18326/muqtasid.v11i1.14-28

Abstract

AbstractThis research analyzes the concept of maqashid sharia and the optimum Pareto theory. It was conducted in the form of library research, where data was obtained from literatures relating to the development of Islamic economics, the optimum Pareto theory, and maqashid sharia. Qualitative techniques were used to analyze unquantifiable data. The results show that the optimum Pareto theory has weaknesses and does not guarantee justice for the whole community. For instance, in achieving maximum efficiency, others must be sacrificed. This is contrary to the concept of Islamic economics which emphasizes justice for all parties to a transaction. Maqashid sharia has values that guide religion (din), soul (nafs), reasoning ('aql), property (mall), and offspring (nasab) as a reference to explain the weakness of the Pareto optimum theory. It applies especially in the distribution of wealth and welfare of the people. Pareto efficiency cannot be used as a basis for achieving economic goals since it is not impartial.
Fundamental Factors and Islamic Stock Returns of Food and Beverage Companies in Indonesia Siti Amaroh; Siti Mudrikatuz Zahro; Masturin Masturin
Muqtasid: Jurnal Ekonomi dan Perbankan Syariah Vol 11, No 1 (2020): MUQTASID: Jurnal Ekonomi dan Perbankan Syariah
Publisher : IAIN Salatiga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (3378.239 KB) | DOI: 10.18326/muqtasid.v11i1.29-42

Abstract

This study examines the influence of issuers’ fundamental factors on Islamic stock returns in Indonesia. It is documentary research with data from company financial reports in the food and beverage industry. The companies were listed on the Indonesia Sharia Stock Index during 2015-2019. The sample selection was based on purposive sampling. The selected companies continuously published financial statements and had no negative earning per share. Based on the inclusion criteria, nine consistent firms were entered in data processing by Eviews software through several stages. The first stage involved determining the panel data regression model with common, fixed, and random effect models. The second stage was the selection of the fit model using 3 tests, including Chow, Lagrangian Multiplier, and Classic Assumption. The common effect was the fit panel data regression model. The results show that Return on Assets positively influences Islamic stock returns. However, Debt to Equity Ratio and Earning per Share do not affect Islamic Stock returns. Therefore, investors should pay attention to ROA before investing in Islamic capital market.   
The Islamic Social Reporting Index and Investment Account Holder in Islamic Banks Nadia Putri; Sepky Mardian
Muqtasid: Jurnal Ekonomi dan Perbankan Syariah Vol 11, No 1 (2020): MUQTASID: Jurnal Ekonomi dan Perbankan Syariah
Publisher : IAIN Salatiga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (597.386 KB) | DOI: 10.18326/muqtasid.v11i1.43-54

Abstract

This research aims to discover the influence of Corporate Social Responsibility (CSR) disclosure based on the Islamic Social Reporting (ISR) index towards Investment Account Holder (IAH) in 11 Islamic banks in Indonesia from 2013-2018. The dependent and independent variables comprise the growth of temporary Syirkah funds representing IAH and prior studies. This is an associative research with secondary data obtained from the annual report. Panel data regression was used as the analysis technique with Fixed Effect Model (FEM) chosen as the best estimation model. The result showed that the ISR index towards IAH negatively influences CSR disclosure. Furthermore, the dominant floating market customers in Indonesia tend to force Islamic banks to focus on reporting related returns, sharia-compliant transactions, and excellent service to customers rather than disclosing social factors. This trend also exists in Islamic banks in several countries, besides the absence of regulations and guidelines for social reporting standards. The social reporting guidelines issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) are only voluntary to be implemented by Islamic banks
Evaluation Study: Does The Sharia Supervisory Board Have A Direct Effect on Profitability? Hasan Mukhibad; Indah Anisykurlillah
Muqtasid: Jurnal Ekonomi dan Perbankan Syariah Vol 11, No 1 (2020): MUQTASID: Jurnal Ekonomi dan Perbankan Syariah
Publisher : IAIN Salatiga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (3729.894 KB) | DOI: 10.18326/muqtasid.v11i1.55-69

Abstract

Previous studies have indicated a complex relationship between the total Sharia Supervisory Board (SSB) members and profitability. Therefore, this study suspects that financing products and bank fundraising mediate the relationship between SSB and ROA. SSB can provide consultation and supervision on the implementation of bank products. Data were obtained from 12 Islamic commercial banks in Indonesia with a 10-year observation period (2009-2018). Data were analyzed using fixed and random effect models and path analysis. The results showed that the total SSB members and their expertise did not have a direct effect on ROA. However, it has an effect on financing and none on Investment Account Holders (IAH) funds. The results also showed that financing proved to be a mediating variable on the effect between the total and expertise of SSB members towards ROA. The IAH fund is the mediating variable on the effect between the total SSB members towards ROA, with no proven relationship. Therefore, it can be concluded that SSB has an indirect effect on ROA by strengthening the financing and bank fundraising quality. Consultation and supervision carried out by SSB on the implementation of IAH financing and fundraising, has proved to have an impact on improving bank profitability
Determinants of Investment In Islamic Crowdfunding Muhammad Nafik Hadi Ryandono; Ida Wijayanti; Kumara Adji Kusuma
Muqtasid: Jurnal Ekonomi dan Perbankan Syariah Vol 11, No 1 (2020): MUQTASID: Jurnal Ekonomi dan Perbankan Syariah
Publisher : IAIN Salatiga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (663.585 KB) | DOI: 10.18326/muqtasid.v11i1.70-87

Abstract

Investment decisions in Islamic Crowdfunding have many determinants, including: project quality, creator abilities, social network creators, reputation and entrepreneur experiences. This study examines the influence of significant and insignificant determinants of investment in Islamic Crowdfunding. It uses a random sampling technique with Structural Equation Modeling Partial Least Square (PLS) as the analysis model. The results show that social creators and entrepreneur experiences have a significant effect on investment in Islamic Crowdfunding. Contrastingly, project quality, creator ability, and reputation have insignificant influences. Entrepreneur experiences and reputation of the platform have dominant and least influence on investment in Islamic crowdfunding, respectively. Creator’s ability has a dominant-negative effect on Islamic Crowdfunding, and therefore, it requires special attention. The sharia values contained in all investment determinants are the primary consideration by investors. Therefore, increasingly inevitable sharia compliance is a necessity from time to time.
Predicting Volatility of Non-Performing Financing: Lessons from Indonesian Islamic Banking Industry Faizul Mubarok; Abdul Hamid; Mohammad Nur Rianto Al Arif
Muqtasid: Jurnal Ekonomi dan Perbankan Syariah Vol 11, No 1 (2020): MUQTASID: Jurnal Ekonomi dan Perbankan Syariah
Publisher : IAIN Salatiga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (3241.228 KB) | DOI: 10.18326/muqtasid.v11i1.1-13

Abstract

Islamic banking financing is carried out into three categories, namely financing based on economic sectors, financing based on contracts, and financing based on types of use. The funding is faced with risks where the customer is unable to pay the loan. This study discusses the forecasting of Islamic banking problem financing in Indonesia using monthly data from 2003 to 2019. Prediction is made using the Autoregressive Conditional Heteroscedasticity-Generalized Autoregressive Conditional Heteroscedasticity (ARCH-GARCH) method. Forecasting from the results of this study shows that non-performing financing tends to decrease in Indonesia. Islamic banking has been able to manage problem financing well. Islamic banking financing should be focused on sectors that have low risk. The results of this study are undoubtedly useful for stakeholders to make policies to improve the quality of the funding.

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