Iqtishoduna: Jurnal Ekonomi Islam
The focus of the Journal of Syari'ah Economics and Islamic Business all aspects of scientific discussions about Islamic Economics, Syari'ah Banking and Islamic Economic Management ideas covering: 1) research article, 2) conceptual idea, 3) review of the literature, and 4) practical experience.
Articles
360 Documents
<![CDATA[Analisis Faktor Penerbitan Obligasi Syariah (Sukuk) dan Penerbitan Saham Syariah Terhadap Kinerja Perusahaan di Jakarta Islamic Index 70 ]]>
<![CDATA[Bella Jastacia]]>;
<![CDATA[Ummu Salma Al Azizah]]>;
<![CDATA[Rito Rito]]>
<![CDATA[ IQTISHODUNA: Jurnal Ekonomi Islam Vol. 10 No. 2 (2021): October ]]>
Publisher : <![CDATA[Program Studi Ekonomi Islam Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Syarifuddin Lumajang ]]>
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DOI: 10.36835/iqtishoduna.v10i2.1073
<![CDATA[This study aims to analyze the effect of the issuance of Islamic bonds (sukuk) and the issuance of Islamic stocks on company performance in the Jakarta Islamic Index 70. The issuance of Islamic bonds and Islamic stocks is an alternative for companies to obtain a capital structure in carrying out company operations and is expected to improve the company's performance. In terms of financial performance through Return On Assets (ROA), company stakeholders optimize Islamic capital market products to increase Islamic financial inclusion. Besides, it attracts investors to invest. This study uses a quantitative descriptive method, secondary data from companies listed in the Jakarta Islamic Index 70 years 2018-2020 using a purposive sampling method with Tobin's analysis and company age into 15 samples. Testing the hypothesis model using the classic assumption test and multiple regression tests to test the market reaction to the issuance of Sukuk and Islamic shares on the issuance variable using the issuance value, the number of shares outstanding, company leverage, company size, total debt, and company managerial ownership. The research resultsstated thatReturn on Assets (ROA) was affected bythe issuance value variable and the company's leverage in 0.00192 and 0.0373. The variables of the number of outstanding shares, total debt, firm size, and managerial ownership do not affect the value of ROA. However, all variables have a significant effect on the ROA value. The result shows that the issuance of Islamic bonds and Islamic stocks affects the company's performance.]]>
<![CDATA[Cash Flow Analysis of Mosques in Surakarta Residence, Indonesia ]]>
<![CDATA[Fauzul Hanif Noor Athief]]>;
<![CDATA[Anissa Hakim Purwantini]]>;
<![CDATA[Hafizah Abdul Rahim]]>
<![CDATA[ IQTISHODUNA: Jurnal Ekonomi Islam Vol. 11 No. 1 (2022): April ]]>
Publisher : <![CDATA[Program Studi Ekonomi Islam Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Syarifuddin Lumajang ]]>
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DOI: 10.54471/iqtishoduna.v11i1.1140
<![CDATA[Mosques have the potential to become the center of Muslim activities. This potential can be realized if the administrator can make attractive activities with the right allocation of funds. However, the absence of income and expenditure mapping based on cash flow statements affects the budgeting of planning activities. The research aims to map the cash flow to discover the budgeting possibility of the mosque. The research will be done by initially revealing the source of income and expenditure of the mosque as well as its general cash flow. By using the sample of mosque reports from each sub-district in Surakarta, this study would review the monthly financial statements of the mosques from 2016 to 2019 using content analysis. The research concluded that making budgeting out of the cash flow mapping is possible but vague since there is no clear pattern of both revenue and expenditure. Each type of mosque had a different composition of income, with Friday Shadaqah as the most significant domination for 57%. On the expense side, the Regular Expenses, Other Expenses, and Development Expenses, each contributed 1/3 of the total outcome for all types of a mosque.]]>
<![CDATA[The Quest for Systemic Islamic Economic Studies from Interdisciplinary Perspectives ]]>
<![CDATA[Zainal Abidin]]>
<![CDATA[ IQTISHODUNA: Jurnal Ekonomi Islam Vol. 11 No. 1 (2022): April ]]>
Publisher : <![CDATA[Program Studi Ekonomi Islam Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Syarifuddin Lumajang ]]>
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DOI: 10.54471/iqtishoduna.v11i1.1226
<![CDATA[The method in Islamic studies is a necessity for the reason that with a correct and accurate method, Islamic study becomes an interesting exploration in the academia. In Islamic Studies courses, issues of life problems associated with Islam need to be handled. This paper discerns the challenges and opportunities that arise in Islamic studies and relate these to the development of the Islamic economic realm. This article argues that Islamic studies is faced with a huge prospect , namely a reform at the philosophical level. Hence, concepts to enrich the perspectives using a multi-dimensional approach are suggested. Besides, strengthening the field of text supplementation by presenting an understanding of hermeneutics and understanding the concept of maqasid shari'a are also encouraged. It concludes with an obsession to present a sensitive and integrated Islam with modernity.]]>
<![CDATA[Determinant of Consumer Awareness Toward Halal Food During The Covid-19 Pandemic: Evidence from Indonesia ]]>
<![CDATA[Muhammad Anwar Fathoni]]>;
<![CDATA[Suryani Suryani]]>;
<![CDATA[Sumilir Sumilir]]>
<![CDATA[ IQTISHODUNA: Jurnal Ekonomi Islam Vol. 11 No. 1 (2022): April ]]>
Publisher : <![CDATA[Program Studi Ekonomi Islam Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Syarifuddin Lumajang ]]>
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DOI: 10.54471/iqtishoduna.v11i1.1319
<![CDATA[This study aims to explain the level of consumer awareness of halal food products. In addition, this study also aims to examine the factors that determine the level of consumer awareness of halal food products. This research is explanatory research with a quantitative approach. Sources of data in this study are primary and secondary data. This study uses primary data sources with survey methods. The number of samples used was as many as 385 people. The data obtained were analyzed using Structural Equation Modeling (SEM) analysis. This study is a development of previous research that investigated and measured the index of consumer awareness of halal food products in Indonesia. This study found that the level of consumer awareness of halal food in Indonesia is very high. Meanwhile, the determining factors are religiosity, media exposure, and hygiene reasons.]]>
<![CDATA[Risk Management Based on Islamic Boarding School ]]>
<![CDATA[Ekaningsih, Lely Ana Ferawati]]>;
<![CDATA[Salim, Ubud]]>;
<![CDATA[Djumahir, Djumahir]]>;
<![CDATA[Indrawati, Nur Khusniyah]]>;
<![CDATA[Djakfar, Muhammad]]>
<![CDATA[ IQTISHODUNA: Jurnal Ekonomi Islam Vol. 11 No. 2 (2022): October ]]>
Publisher : <![CDATA[Program Studi Ekonomi Islam Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Syarifuddin Lumajang ]]>
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DOI: 10.54471/iqtishoduna.v11i2.1462
<![CDATA[Uncertainty is often associated with risk, in Islamic economics the concept of uncertainty becomes one of the important pillars in the Islamic risk management process. Nothing in this life is free from risks and facts in every organization and its activities. The purpose of this research is to reveal and explain in depth the implementation of Islamic boarding school risk management.The paradigm used is post-positivistic. This type of research uses case studies. The key informant is the manager of the pesantren. Data analysis was carried out by an interactive analysis of the model from Miles and Huberman. The application of risk management at the Manba'ul Ulum Islamic boarding school in Banyuwangi Regency from the results of the study stated that it was very beneficial/positive, as evidenced by the increase in the number of students studying at the pesantren after experiencing the pandemic period from 2019. Islamic values frame Islamic boarding school risk management activities as a source of inspiration and aspirations. Has been applied by the predecessors and is a character that shapes the santri so that they are not shaken under any conditions, besides that it is also sourced from the Islamic values of the Qur'an and hadith as principles, then the educational curriculum is sourced from the book of ridhotun nashihin or akhlaq.]]>
<![CDATA[Islamic Financial Bank Performance in Indonesia and Malaysia ]]>
<![CDATA[Sarwenda Biduri]]>;
<![CDATA[Wiwit Hariyanto]]>;
<![CDATA[Sigit Hermawan]]>;
<![CDATA[Endra Wahyu Nindiyah]]>
<![CDATA[ IQTISHODUNA: Jurnal Ekonomi Islam Vol. 11 No. 1 (2022): April ]]>
Publisher : <![CDATA[Program Studi Ekonomi Islam Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Syarifuddin Lumajang ]]>
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DOI: 10.54471/iqtishoduna.v11i1.1491
<![CDATA[The increasing popularity of Islamic banks with the opening of various Islamic banks, both independent and as one of the long-established subsidiaries of conventional banks, seems to show that the banking industry, which applies Sharia principles in every business step, promises profitable business expansion opportunities. The purpose of this study is to compare the financial performance of Islamic commercial banks that were established in Indonesia and Malaysia in the 2016 – 2018 period using general financial ratios, namely the ratio of CAR, ROA, FDR and Total Asset Turnover. The research sample was taken by purposive sampling. The data obtained were analyzed by descriptive statistical methods to see the overall performance of banks both within and between countries, then the independent sample t test was used to see the significance of the differences in the performance of each type of banking industry in each country, both in Indonesia and Malaysia. This study shows that the financial performance of Islamic commercial banks in Indonesia and Malaysia has significant differences.]]>
<![CDATA[Does Model of Company's added value for Strategy Increasing Stock Prices: Study in Indonesia ]]>
<![CDATA[Sriyono Sriyono]]>;
<![CDATA[Yulva Maulit Diana]]>
<![CDATA[ IQTISHODUNA: Jurnal Ekonomi Islam Vol. 11 No. 2 (2022): October ]]>
Publisher : <![CDATA[Program Studi Ekonomi Islam Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Syarifuddin Lumajang ]]>
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DOI: 10.54471/iqtishoduna.v11i2.1577
<![CDATA[The emergence of the phenomenon of Efficient Market Hypothesis and Theory Overreaction Hypothesis makes it difficult for investors to understand the rise in stock prices. Therefore, additional information is needed on what variables cause changes in stock prices. Research on stock prices has been done by many researchers before, however there is no research that examines by model of value added through panel data model estimation approach. We consider three value-added models that encompass most commonly estimated specifications. The purpose of the study was to find out if the value-added model was capable of increasing stock prices. The population used in this study is a construction company listed on the Indonesian stock exchange. The sampling technique used is purposive sampling, and the number of samples used is 60. The analytical method used is multiple linear regression analysis. The conclusion obtained from this study is that Economic Value Added has a significant negative effect on stock prices. Market Value Added, and Financial Value Added has a significant positive impact on stock prices. The contribution of this research is very large for investors, because the results of this study can be used as a guideline for investors to understand the increase in stock prices.]]>
<![CDATA[Implementation of Green Economy Through Integrated Urban Farming as Family Economic Resilience During The Pandemic: Maqasid Sharia Perspective ]]>
<![CDATA[Muhamad Subhi Apriantoro]]>;
<![CDATA[Indah Noor Rahayuningsih]]>;
<![CDATA[Sarwanto Sarwanto]]>
<![CDATA[ IQTISHODUNA: Jurnal Ekonomi Islam Vol. 11 No. 1 (2022): April ]]>
Publisher : <![CDATA[Program Studi Ekonomi Islam Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Syarifuddin Lumajang ]]>
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DOI: 10.54471/iqtishoduna.v11i1.1593
<![CDATA[Due to the corona virus's fall in different economic areas, many individuals have difficulties fulfilling their basic demands. Urban farming is one of the answers to food availability, and their primary concerns are food safety, food pricing, and stimulating the local economy. People cultivated short-lived crops in tiny pots or used the hydroponic method in their yards. Integrated urban farming is a type of green economic activity that adheres to maqasid sharia's maslahah aim. Field research is used to gather essential data. It is conducted on the site to be studied and supplemented with field data in the form of interviews. This study is descriptive, with an emphasis on analysis using a logical method. The green economy with integrated urban farming aims to improve the community's economic well-being and can help mitigate the risk of substantial environmental harm, including the pandemic's detrimental impact on macro and micro food security. It can be observed that the green economy concept can be integrated with the pure maqasid sharia values harmoniously.]]>
<![CDATA[The Readiness of The Measuring Model of Infrastructure Provisioning Under Sharia Public-Private Partnerships Financing Scheme ]]>
<![CDATA[Santoso, Sugeng]]>;
<![CDATA[Siswanti, Indra]]>;
<![CDATA[Nurhidajat, R.]]>;
<![CDATA[Isa, Salmi Mohd]]>;
<![CDATA[Marfatah, Muhammad Ramadhani]]>
<![CDATA[ IQTISHODUNA: Jurnal Ekonomi Islam Vol. 11 No. 2 (2022): October ]]>
Publisher : <![CDATA[LPPM, Universitas Islam Syarifuddin Lumajang ]]>
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DOI: 10.54471/iqtishoduna.v11i2.1656
<![CDATA[Meeting the demands of infrastructure development is reliant on contributions from different parties, including government bodies and businesses. To fulfill this crucial goal, a financing scheme needs to be established, promoting collaboration among these stakeholders. This scheme enables effective contributions from both government and business entities. As the most populous Muslim country in the world, Indonesia is undergoing rapid advancements within the halal value chain, which includes the initiation of infrastructure provisioning through the Sharia-compliant Public-Private Partnerships (PPP) financing scheme. Therefore, this research assessed the Innovation Readiness Level (IRL) and Technology Readiness Level (TRL). Employing a participatory approach through Focus Group Discussions (FGD), stakeholder dialogues were conducted to explore transportation infrastructure financing under the Sharia PPP scheme. The analysis gauged readiness levels using self-assessment for IRL and TRL, subsequently corroborated by respondents to ascertain their preparedness. This research yielded an analytical model to measure infrastructure financing readiness under the Sharia PPP scheme. The results indicated IRL 1, accompanied by a TRL 3. This showed the necessity of refining the readiness assessment model to enhance stakeholder comprehension of associated advantages. Ideally, IRL could be raised beyond 1, and achieving Katsinov 3 alongside TRL levels of 8 or 9 would greatly instill confidence among relevant stakeholders considering the adoption of the Sharia PPP financing scheme.]]>
<![CDATA[Marketing Strategy of Shrimp Crackers Reviewed From Sharia Marketing ]]>
<![CDATA[Naning Fatmawatie]]>;
<![CDATA[Nilna Fauza]]>;
<![CDATA[Sri Anugerah Natalina]]>
<![CDATA[ IQTISHODUNA: Jurnal Ekonomi Islam Vol. 11 No. 2 (2022): October ]]>
Publisher : <![CDATA[Program Studi Ekonomi Islam Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Syarifuddin Lumajang ]]>
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DOI: 10.54471/iqtishoduna.v11i2.1714
<![CDATA[Activities in the marketing strategy include comprehensive and interrelated planning in the marketing aspect, which provides instructions for the activities to be carried out in order to achieve the marketing objectives of a particular company. Sharia marketing is a business activity that uses a marketing strategy based on business values contained in the Quran and Hadith. The purpose of this study was to determine the marketing strategy and marketing strategy of prawn crackers in terms of sharia marketing. This study uses a descriptive qualitative approach with data collection techniques in the form of interviews, observations, and documentation. The data analysis technique used is descriptive analysis method. The results of this study indicate that: The marketing strategy of UD. Devi Putri by applying the marketing mix. Even though in marketing it still uses traditional or face to face promotions. In addition, it also promotes it through the existing packaging wrapped in prawn crackers at UD. Devi Putri, namely No Hp, P-IRT and halal certificate from MUI. UD. Devi Putri was able to synergize the sharia marketing perspective analyzed using the marketing mix and sharia characteristics, namely theistic (rabbaniyah), ethical (akhlaqiyyah), realistic (al-waqi'iyah) and humanistic (al-insaniyyah).]]>
