cover
Contact Name
Riduan Mas'ud
Contact Email
riduanmasud@uinmataram.ac.id
Phone
+6281252641594
Journal Mail Official
shirkahiainsurakarta@gmail.com
Editorial Address
Institut Agama Islam Negeri Surakarta, Indonesia Jln. Pandawa No. 1, Pucangan, Kartasura, Central Java, Indonesia, 57168
Location
Kota surakarta,
Jawa tengah
INDONESIA
Shirkah: Journal of Economics and Business
ISSN : 2504235     EISSN : 25034243     DOI : 10.22515/shirkah.v7i1.403
Core Subject : Economy,
Syirkah: Jurnal Ekonomi dan Bisnis adalah jurnal peer-review yang diterbitkan tiga kali setahun (April, Agustus, dan Desember) oleh Fakultas Ekonomi Islam dan Bisnis Institut Agama Islam Negeri (IAIN) Surakarta Jawa Tengah Indonesia bekerja sama dengan Perhimpunan Indonesia Ekonom Islam (lihat naskah MoU ). Jurnal ini dimaksudkan untuk menjadi platform diseminasi artikel yang melaporkan hasil penyelidikan ilmiah tentang Ekonomi dan Bisnis Islam. Jurnal ini memfokuskan pembahasannya pada bidang keuangan Islam, filantropi Islam, pemikiran ekonomi Islam, dan pemasaran Islam (lihat Fokus & Ruang Lingkup ).
Articles 292 Documents
Carbon Costs of Indonesian Forested Land Conversion to Oil Palm Plantations Sri Walyoto
Shirkah: Journal of Economics and Business Vol 3, No 3 (2018)
Publisher : IAIN Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (286.131 KB) | DOI: 10.22515/shirkah.v3i3.221

Abstract

This article analyzes the loss of carbon dioxide (CO2) released in the forest conversion to oil palm plantations. This research data gathered from the relevant secondary data and relate published reports. This research finds that a loss of release of carbon dioxide (CO2) per hectare of US $ 9,800 with a carbon price of USD2 of US $ 14,000 carbon price of USD3 and US $ 19,600 in carbon price of USD4. In addition, this conversion also has a significant impact on global warming (GWP) and global climate change. Keywords: oil palm plantation, CO2 release, GWP, climate change. 
The Economic Community of Pesantren Al-Ittifaq: Opposing Market Capitalism and the Improvement of Competitiveness R. Lukman Fauroni
Shirkah: Journal of Economics and Business Vol 4, No 3 (2019)
Publisher : IAIN Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (853.279 KB) | DOI: 10.22515/shirkah.v4i3.273

Abstract

This study aims to elaborate on the solution the pesantren economic community takes in dealing with the penetration of market capitalism in the competitive era. This case study was conducted in Pesantren Al Ittifaq Bandung. Pesantren can successfully build a strong economic community through integrated education implementation including role modeling, facilitation, empowerment, and economic culturing in social capital-based communities. This article concluded that high consciousness of cooperation can improve competitiveness and be an appropriate strategy to oppose market capitalism penetration. The community’s capital asset leads to bargaining position and independence in partnership cooperation thereby can be beneficial and results in welfare. Keywords: pesantren, economic community, social capital, capital asset, cooperation, welfare
A Critical Review of the Market Efficiency Concept Karwan Hussein Mustafa; Amanj Mohamed Ahmed
Shirkah: Journal of Economics and Business Vol 5, No 2 (2020)
Publisher : IAIN Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (629.983 KB) | DOI: 10.22515/shirkah.v5i2.326

Abstract

The market efficiency hypothesis has attracted a notable number of economists to conduct investigations in this field. It could be considered as an effective method of driving investors towards the right direction while trading in the security market. A large number of researches believe that the market is efficient in some of its forms, while others take a different view. Drawing on previous theoretical and empirical studies investigating market efficiency and its three forms, this paper critically examines the concept of market efficiency through a critical review from different points of views. Moreover, it highlights a number of empirical tests and their results with regard to the three forms of market efficiency. It also focuses on the influence of market efficiency on the security prices. This paper concludes that the market seems to be more efficient in regards to its weak form instead of the strong and semi- strong forms, as a result, it is difficult to predict future security prices and obtain abnormal profits by only analyzing historical records.
Users’ Experiences of Mobile Financial Services at Rural Areas of Bangladesh Md. Mehadi Rahman
Shirkah: Journal of Economics and Business Vol 6, No 2 (2021)
Publisher : IAIN Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (655.573 KB) | DOI: 10.22515/shirkah.v6i2.409

Abstract

Mobile Financial Services (MFS) is one of the new innovations of the modern financial system. It nowadays plays a crucial role in banking users’ day-to-day financial activities. This study investigates users’ experiences of MFS at rural areas of Bangladesh. Specifically, this study sought to gain an understanding of to what extent different factors positively or negatively influence users’ experience in using mobile financial services. This study was mainly a survey research. The data were obtained using a questionnaire from a total of 128 MFS users (102 male and 26 female) living in rural areas of Bangladesh who were conveniently chosen from five Upazilla in Barishal city. The findings suggested that MFS users in rural areas of Bangladesh have both positive and negative experiences toward the use of mobile financial services. This study further revealed six major factors that have influenced the users’ positive and negative experiences in general, i.e. perceived usefulness, perceived ease of use, perceived risk, trust, customer and MFS agent relationship, and perceived cost. It was found that the last factor (perceived cost) have generated the users’ negative experiences toward mobile financial services. Therefore, the government and MFS providers are encouraged to work together with some innovative strategies to change the users’ negative experiences into positive experiences of using the mobile financial services.
Monopoly and Ikhtikar in Islamic Economics M. Nur Rianto Al Arif
Shirkah: Journal of Economics and Business Vol 1, No 3 (2016)
Publisher : IAIN Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (202.525 KB) | DOI: 10.22515/shirkah.v1i3.37

Abstract

Monopoly is a form of market imperfection, which does not occur in a competitive market. Ikhtikar is a form of market distortion caused by the occurrence of engineering in the market. Monopoly, from the perspective of Islamic economics, differs from ikhtikar. There are several criteria that must be met in order for an economic action to fulfill the category of ikhtikar. In Islamic economics, it is prohibited for a producer to deliberately engineer, either by hoarding or proporting scarcity, to obtain greater profits as price becomes more expensive. In Islamic economics, a monopoly is permitted, though monopolies can not charge rent. The government must take an effective role in preventing market distortion to maximize the wellbeing of society. Keywords: ikhtikar, monopoly, government’s role, islamic economics 
Fraud Detection in the Banking System in Nigeria: Challenges and Prospects B.A Badejo; B.A Okuneye; M.R Taiwo
Shirkah: Journal of Economics and Business Vol 2, No 3 (2017)
Publisher : IAIN Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (474.703 KB) | DOI: 10.22515/shirkah.v2i3.167

Abstract

Fraud is an epidemic dimension that has eaten deep into the banking sector as well as the entire economics in Nigeria. Its devastating effect manifests itself in the deteriorating balance sheet of banks as well as in economic backwardness. Apparently, measures to detect and eradicate fraud in banking sector have been quite ineffective as the fraudulent practices have been on the increase in recent times. Thus, this study evaluates the various challenges of detecting and combating fraud in the banking sector in Nigeria. The results from the descriptive analysis showed that lack of adequate motivation is not a major cause of fraud in banks, looting of fund by bank managers and directors constitutes the major form of fraud in Nigeria. Furthermore, it is recommended that government should strengthened existing anti-graft agencies and to enhance their financial independence. Those managers and director involved in looting of fund should be persecuted to serve as a deterrent to potential fraudsters. In addition, bank staff should be properly screened to test their morality and integrity before recruitment. Adequate internal control mechanism should be established to serve as check and balances among the bank staff. There is also the need for the anti-graft agencies to be strengthened in order to adequately complement the effort of the Central Bank of Nigeria (CBN) at nibbling the incidence of bank fraud in the bud.Keywords:  banking system, fraud, fraud detection, fraud prevention, Nigeria
Making Economics of Piety: Fashion, Lifestyle and Identity in Pop-Islamism Turn Fransisca Dwijayanti
Shirkah: Journal of Economics and Business Vol 3, No 2 (2018)
Publisher : IAIN Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (240.514 KB) | DOI: 10.22515/shirkah.v3i2.200

Abstract

The emergence of young Muslims since the last decade has led Muslim industry to grow rapidly into the market bringing new social era of Islamic fashion. What is the role of religious piety boosting the production the Muslim fashion industry? This article argues that Muslim fashion have embodied within economic part of religion. In addition, this glowing of the industry has been supported by the blooming of such factors as media (Muslim magazines), Muslim designers, Muslim communities, and Muslim fashion stores. The industry of Muslim fashion ultimately becomes one of the most promising industries in fashion retail in Indonesia and other Muslim majority countries. Keywords: Muslim fashion, lifestyle, market Islam 
Santripreneurship and Local Wisdom: Economic Creative of Pesantren Miftahul Ulum Abd Hannan
Shirkah: Journal of Economics and Business Vol 4, No 2 (2019)
Publisher : IAIN Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (656.467 KB) | DOI: 10.22515/shirkah.v4i2.267

Abstract

Madura is well-known as an island which has been identical to the values of religion. One of the values is the important role of religious institutions, such as pesantren. The role of pesantren as a traditional Islamic institution is not limited to religious areas only, but to other social aspects only, including in economic development. This study examines the economic development of pesantren through analyzing santripreneur based on local wisdom in Pamekasan, Madura, East Java, Indonesia. This study outlines descriptive-narrative explanations regarding the value of Madurese local wisdom, and creative economic santripreneur activities in the pesantren, such as batik crafts, pesantren supermarket, and sharia-based pesantren (ikhtisab) as an economic development strategy in the pesantren of Miftahul Ulum, Pamekasan. Moreover, it offers the idea of pesantren economic development in Madura, especially in the context of strengthening the economic independency and sustainability. Keywords: Madura, santri, entrepreneurship, local wisdom  
Family in Top Management Team and Firm Value: Do Gender and Education of Family Manager Matter? Hadi Sumarsono
Shirkah: Journal of Economics and Business Vol 5, No 2 (2020)
Publisher : IAIN Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (856.425 KB) | DOI: 10.22515/shirkah.v5i2.319

Abstract

The in-hand study sheds some light on empirical relationship between involvement of family members in the top management team and family firm value. Specifically, this study examines how gender and education of family managers affect firm value in Indonesian context. The total sample employed in this study consisted of 935 observations with 235 family companies. The data required in this study were collected from various sources. Drawing on fixed effect regression, the results identified that the involvement of family members in top management team significantly affected the family firm value. It was also revealed that the female family manager had a lower firm value than the male family manager. Moreover, the education level of the family manager positively affected the firm value. These results provide an empirical evidence on how gender and education of family managers influence family firm value. It is further depicted that the results of this study are in line with the upper echelons theory in which the differences in human resources (e.g. gender and education) arisen from the family involvement in a management undeniably affect family firm value. As for the practical contribution, this study suggests that powerful actors in the family firms should be a family member involved in a management. It is also a worth saying that the involvement of family members on the top management teams should consider gender and level of education.
The Debt Status of Commercial Company under Gharimin Perspective Eja Armaz Hardi; Sirajul Arifin; Burhan Djamaluddin
Shirkah: Journal of Economics and Business Vol 6, No 1 (2021)
Publisher : IAIN Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (525.996 KB) | DOI: 10.22515/shirkah.v6i1.388

Abstract

Currently, commercial entity companies are not regarded yet as one of the groups that receive the zakat. This paper examines the debt status and its micro and macro-economic implications of corporations that experienced the debt shackled in the zakat system through analogy on personal gharim (person in the burden debt). The analysis presented here has been designed on a library research, an analogy method, as well as seen from a debt trap theory. This paper particularly argues that in the twist condition of enterprises to repay their debt, a commercial company may be entitled as the recipient of zakat on behalf of gharim (the fifth group who receives the zakat). It further argues that the loan of the commercial company has a larger impact than individual gharim. Synchronizing the entity companies as “syakhsun i’tibariyun” (the legal person) to the personal obligation to pay zakat is matched to be the reasons for their gharim’s status. The results of this paper contribute to expanding the recipient of zakat on behalf of gharim and enhance the insight of zakat distribution in Islamic philanthropy institutions.