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International Journal of Islamic Business and Economics (IJIBEC)
ISSN : 25993216     EISSN : 2615420X     DOI : -
Core Subject : Economy,
International Journal of Business and Islamic Economics (IJIBEC) is an international journal providing authoritative source of scientific information for researchers and scholars in academia, research institutions, government agencies, and industries. ISSN IJIBEC is 2599-3216 and Online is 2615-420X. We publish original research papers, review articles and case studies focused on Islamic Bussiness and Economic as well as related topics. All papers are peer-reviewed by at least two reviewers. IJIBEC is published and printed by Faculty of Islamic Economics and Business of Institut Agama Islam Negeri (IAIN) Pekalongan, the journal is in collaboration with the Ikatan Ahli Ekonomi Islam Indonesia (IAEI) Komisariat IAIN Pekalongan and Masyarakat Ekonomi Syariah (MES) Pekalongan Raya.
Arjuna Subject : -
Articles 136 Documents
Strong Correlations of Sharia Market To Conventional Market: Evidence From Indonesia Stock Exchange Yadi Nurhayadi; Nuryadi Wijiharjono
International Journal of Islamic Business and Economics (IJIBEC) IJIBEC VOLUME 1 NO. 2 DECEMBER 2017
Publisher : Faculty of Islamic Economics and Business of UIN K.H. Abdurrahman Wahid Pekalongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28918/ijibec.v1i2.1003

Abstract

Significant differences between Islamic Economic System and Conventional Economic System should generate differences between sharia market and conventional market. Conventional market clearly is influenced by interest rate and speculation that is normal in Conventional Economic System. But, interest rate and speculation are prohibited in Islamic Economic System. Sharia market should be free of interest rate and speculation. In fact, by bivariate and multivariate analysis, financial market indicates that there are strong correlations between sharia market and conventional market. This fact is based on research on Indonesia Stock Exchange data from December 2006 to November 2016 (ten years). Sharia market is represented by Jakarta Islamic Index (JII) and Indonesia Sharia Stock Index (ISSI). Both of them have strong and positive correlation with Jakarta Stock Exchange (JSX) Composite Index or with Jakarta Stock Exchange Liquid (LQ45) Index. Jakarta Composite Index and LQ45 are classified as conventional market. These conditions indicate that sharia market goes together with conventional market in the same character. Is sharia market inconsistent with its sharia principles? Why sharia market is not running on the track?
Identifying Financial Exclusion and Islamic Microfinance as An Alternative to Enhance Financial Inclusion Hartomi Maulana; Khoirul Umam
International Journal of Islamic Business and Economics (IJIBEC) IJIBEC VOLUME 1 NO. 2 DECEMBER 2017
Publisher : Faculty of Islamic Economics and Business of UIN K.H. Abdurrahman Wahid Pekalongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28918/ijibec.v1i2.1004

Abstract

Even though the banking industry is growing exponentially, but they are still out of reach from the hardcore poor. The population under poverty remains financially excluded from the mainstream banking facilities. The aim of this paper is to examine the main factors that hinder customers to access financing from mainstream banking in Indonesia province of East Java using Exploratory Factor Analysis (EFA). The study also attempts to identify the possibility of Islamic microfinance, in this case Baitul Maal Tamwil, (BMT) as role of model in integrating commercial and social seeking which can be used as one of an alternative platform to enhance financial inclusion. In quantitative data, the paper employs primary data collected by self-administered questionnaires involving a sample of 243 respondents. To explore the micro-entrepreneurs’ criteria of barrier access to finance, an exploratory factor analysis is employed. In qualitative data, a semi-structure interview used to generate information from the respondents. The interview covers the second objectives and involves seven experts in microfinance including practitioner and academicians. The study reveals that, the religious factor is perceived as the most important factor to be considered as financing barriers factors, then followed by affordability, accessibility, eligibility, and availability factors. The study indicates that Islamic microfinance may be an alternative platform to integrate commercial and social objective in order to enhance financial inclusion.
Influence Tax Amnesty Payment of Tax Compliance SMEs Batik Moslem In District Pekalongan: (A case study of SMEs Batik Moslem in district Pekalongan 2016-2017) Nurfani Arisnawati; Sri Khayati; Novia Zulfa
International Journal of Islamic Business and Economics (IJIBEC) IJIBEC VOLUME 1 NO. 2 DECEMBER 2017
Publisher : Faculty of Islamic Economics and Business of UIN K.H. Abdurrahman Wahid Pekalongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28918/ijibec.v1i2.1005

Abstract

This study aims to examine the effect of tax amnesty on taxpayer compliance level in paying taxes. The essence of the tax amnesty is tax forgiveness. This policy is expected to increase the willingness to pay taxes from taxpayers. This study uses primary data obtained with questionnaires for taxpayers at SMEs Batik Moslem in Dostrict Pekalongan by using random sampling systematically. This research analyzed data by using simple linear regression. The result of this research is tax amnesty have positive effect to the awareness of paying taxes, tax amnesty have positive effect to knowledge and understanding of taxpayer about taxation and tax amnesty not affect to perception about tax system effectiveness.
Expanding Women’s Access To The Banking Sector: (Analysis of Perceptions, Behavior, Culture, And Social Class of Female Customers Towards The Effectiveness of Working Capital Financing At Islamic Banking In Palembang) Maftukhatusolikhah Maftukhatusolikhah; Siti Mardiyah; Erdah Litriani; Sri Delasmi
International Journal of Islamic Business and Economics (IJIBEC) IJIBEC VOLUME 1 NO. 2 DECEMBER 2017
Publisher : Faculty of Islamic Economics and Business of UIN K.H. Abdurrahman Wahid Pekalongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28918/ijibec.v1i2.1014

Abstract

The increase in micro, small, and medium enterprise (UMKM) units managed by women has contributed a positive impact on reducing poverty rates. The data highlighting lack of female entrepreneurs of UMKM who used and/or are supported with financing facility from banks have led to some emerging questions to be discussed. This present study promotes significance, namely: 1) The effectiveness of financing tends to affect the banks’ performance through created demands; 2) The results of this study are expected to enhance the attention of Islamic banking to female customers by increasing the allocation of financing for those customers; 3) The further implication of these findings is the increase in national economic growth from the UMKM actuated by women; 4) The broader implication is the reduction of working women at high risks because of the conducive business climate in Indonesia with the support of the banking sector. Therefore, this quantitative research that was conducted with regression analysis focused on the internal factors to analyze perceptions, behavior, culture and social class of female customers towards the effectiveness of working capital financing at Islamic banking in Palembang. The findings revealed that the variable of perceptions gave a positive effect on the effectiveness of financing of 0.316, behavior showed a positive impact on the effectiveness of financing of 0.676, culture noted a positive influence on the effectiveness of financing of 0.346, whereas social class demonstrated a negative impact on the effectiveness of the financing of -0.14.
Production Ethics of Muslim Batik Entrepreneurs in Pekalongan Muhammad Izza; Tarmidzi Tarmidzi
International Journal of Islamic Business and Economics (IJIBEC) IJIBEC VOLUME 2 NO. 1 JUNE 2018
Publisher : Faculty of Islamic Economics and Business of UIN K.H. Abdurrahman Wahid Pekalongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28918/ijibec.v2i1.1089

Abstract

This research aims to find out the influence of ethics in batik (Indonesian traditional dyeing designs in clothing) production of Muslim entrepreneurs with their environment in Pekalongan, Central Java. The urgency is that the production ethics have a close relationship with waste and environment. This study used primary data from questionnaires filled by Muslim batik entrepreneurs. The OLS method was applied to analyze the total of 30 samples using SPSS. In this analysis, there were two things having strong significant correlations to production ethics namely (1) the application of Islamic values of the entrepreneurs on environmental sustainability and (2) the acknowledgement of the entrepreneurs regarding to the counseling of batik waste from local government.
Shariah Value Logic to Enhance NPD Performance Mansur Chadi Mursid
International Journal of Islamic Business and Economics (IJIBEC) IJIBEC VOLUME 2 NO. 1 JUNE 2018
Publisher : Faculty of Islamic Economics and Business of UIN K.H. Abdurrahman Wahid Pekalongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28918/ijibec.v2i1.1146

Abstract

To analyze shariah value logic as the role mediating in the relationship between NPD Innovation and NPD Performance. We purposed shariah value logic as mediating role in this study. The questionnaires will be given to only the managers of LKMS (the board of shariah micro finance) in Pekalongan, Indonesia with total 246 responden from 24 LKMS (Baitul Maal wa Tamwil, Baitul Tamwil, Kospin Jasa Shariah, and KSPP Shariah). Shariah Value Logic significantly affect to Customer Brand Trust. Research limited in muamalah, future research can exploring in ebadat. LKMS adapted shariah value logic to get customer brand trust. Shariah value logic as the new variable and theory concept. Indirect, NPD Innovation positive significantly affect to NPD Performance with shariah value logic and customer brand trust are as mediating role.
Elaborating Cash Waqf Development In Indonesia Using Analytic Network Aam Slamet Rusydiana; Abrista Devi
International Journal of Islamic Business and Economics (IJIBEC) IJIBEC VOLUME 2 NO. 1 JUNE 2018
Publisher : Faculty of Islamic Economics and Business of UIN K.H. Abdurrahman Wahid Pekalongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28918/ijibec.v2i1.1177

Abstract

This research is aim to identify the priority factors that being barrier to develop the practice of cash waqf in Indonesia using Analytic Network Process (ANP) method. Here is also offered some solutions for the problems identified. ANP is a mathematic theory that allows one to deal systematically with dependence and feedback and that can capture and combine tangible and intangible factors by using ration scale. Result show that the problems appeared in managing cash waqf in Indonesia divided into 4 important aspects, there are: Human Resource aspect, trust aspect, system aspect, and sharia aspect. The rank for most priority problems to less priority based on the priority result are: 1) trust problems (whereas the most priority for this sub-criteria is donators’ lack of trust), 2) sharia problems (is unfulfilled waqf covenants), 3) human resource problems (is misappropriation of waqf funds, 4) system problems (is weak of management systems). Strategies that can be built to develop the practice of cash waqf in Indonesia based on the priorities are: 1) more computerized cash waqf management, 2) the development of waqf education institutions, 3) more comprehensive fund manager quality improvement, 4) transparency and accountability in every step.
The Effect of Management Ownership, Institutional Ownership, Corporate Social Responsibility and Proftability to the Company’s Value: (A Study on the Companies of Consumed Goods Industry on the IDX 2013-2016) Akhmad Darmawan; Ainun Nisa; Sri Rejeki
International Journal of Islamic Business and Economics (IJIBEC) Vol. 2 No. 2 (2018): IJIBEC VOLUME 2 NO. 2 DECEMBER 2018
Publisher : Faculty of Islamic Economics and Business of UIN K.H. Abdurrahman Wahid Pekalongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28918/ijibec.v2i2.1226

Abstract

This study is aimed to identfy the effect of management ownership, insttutonal ownership, Corporate Social Responsibility (CSR), profitability to the company’s value. In this study, the company’s value is using proxy of Price Book Value (PBV). The samples were taken from 18 Goods Consumer Industry companies which are registered in the BEI on 2013-2016t. Whilst the data of the research was 72 samples and after cash-wised into 67 samples. The analysis method used for this study is multiple regression analysis. Based on this study’s result, it is resulted that the management ownership, institutional ownership, CSR, profitability is simultaneously having positive effect on the company’s value. CSR has positve effect on the company’s value positvely, proftability has positve effect on the company’s value signifcantly.
A Comparative Study: The Economic Thoughts of Ibn Khaldun and Karl Marx Singgih Muheramtohadi
International Journal of Islamic Business and Economics (IJIBEC) IJIBEC VOLUME 2 NO. 1 JUNE 2018
Publisher : Faculty of Islamic Economics and Business of UIN K.H. Abdurrahman Wahid Pekalongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28918/ijibec.v2i1.1249

Abstract

This paper aims to compare the two great minds of Ibn Khaldun and Karl Marx in terms of their similaritiesand differences. In term of similarities, Ibn Khaldunsuggests the fall of empire sovereigntywhich is in linewith Karl Marx's idea of the ​​destruction of capitalism. According to Karl Marx, the development of modes of production from time to time is a necessity. Whereas, Ibn Khaldun in his book of Al-Muqaddimah argues thatthe fall of empire sovereignty is rooted in the nature of its power. Marx assumes that the capitalistsystem ‘inevitably’ will continuously foster the surplus value, while Ibn Khaldun states that the nature of power is about pursuing luxuries.This research applied descriptive comparative and qualitative approach.The study concludes that there are some similarities between Ibn Khaldun and Karl Marxalthoughthere are more distinct differences. This is because of the following factors:(1) life background, (2) assumption used by both figures, (3) social state of the society, and (4) influence of the previous scientific thoughts. The difference in the course of economic conception -work, surplus value, and the law of necessity-lies in the paradigm which both concepts use. Ibn Khaldun applies induction approach bysummarizing the general case of many historical events and disappearance of the former empires. Whereas, Marx uses class conflict approach as the basis for his theory. As its implication,similarities ofthese concepts do not necessarily require the same paradigm. A review of economic thought of the preceding figures should apply a contextual approach, that is, from the condition of the relevant figure.
Efficiency and Performance of Islamic Bank: Quadrant Analysis Approach Irman Firmansyah
International Journal of Islamic Business and Economics (IJIBEC) IJIBEC VOLUME 2 NO. 1 JUNE 2018
Publisher : Faculty of Islamic Economics and Business of UIN K.H. Abdurrahman Wahid Pekalongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28918/ijibec.v2i1.1251

Abstract

The purpose of this study is to analysis the level of efficiency of Islamic banks through the ratio used as a measure of operational efficiency that is the operational expense tooperational revenue, knowing the level of bank performance of the assessment in accordance with the principles of islamic bank is maqashidsharia index, and know the cluster quadrant of each syariah bank through a combination of efficiency assessment and performance of maqashidsharia. All research data is taken from the financial statements of Islamic banks in Indonesia through their respective websites. The research period is the year 2012 until 2016. The results showed that banks that are in the highest efficiency quadrant and high performance of sharia maqashidis Panin Bank of sharia. The results of this study indicate that PaninSyariah bank has successfully used operational costs to obtain high operating income, and has also succeeded in achieving good performance of sharia maqashidcompared with other Islamic banks in Indonesia.

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