cover
Contact Name
Eko Fajar Cahyono
Contact Email
ekofajarc@feb.unair.ac.id
Phone
+6285645454959
Journal Mail Official
aijief@journal.unair.ac.id
Editorial Address
Islamic Economics Departement Faculty Of Economics and Bussines Universitas Airlangga Jl. Airlangga No. 4-6, Surabaya 60286, Indonesia Telp. 031-5033642, 031-5036584 ext. 144, Fax 031 026288
Location
Kota surabaya,
Jawa timur
INDONESIA
Airlangga International Journal of Islamic Economics and Finance
Published by Universitas Airlangga
ISSN : 25799169     EISSN : 26158205     DOI : 10.20473/aijief.v3i2.23878
Core Subject : Economy,
Airlangga International Journal of Islamic Economic and finance (AIJIEF) publishes quality and in-depth analysis of current issues within Islamic finance and Islamic economics. The journal welcomes robust evidence-based empirical studies and results-focused case studies that share research in product development and clarify best practices. The central theme of the paper received in Airlangga International Journal of Islamic Economics and finance (AIJIEF) is the study of international Islamic economics and international Islamic finance. What is meant by the theme is a case study of Islamic economics and Islamic finance in the Asia Pacific region, especially Southeast Asia, or a case study of Islamic economics and Islamic wear that occurs in member countries of the Islamic Conference Organization. All the main themes mentioned in the previous paragraph Airlangga International Journal of Islamic Economic and Finance (AIJIEF) also accept papers with the themes of Islamic economics and Islamic finance. The spread of Islamic finance and Islamic economics include: 1. Islamic finance: Fundamentals, trends, and opportunities in Islamic Finance Islamic banking and financial markets Risk Management Corporate finance Investment strategy Islamic Sosial Finance Financial Planning Housing Finance Legal and regulatory issues 2. Islamic economics: Islamic Microeconomy Islamic Macroeconomy Islamic Monetary Economy Zakah, Waqf and Sadaqoh Economics of Natural Resource and Environment in Islamic Economics
Articles 5 Documents
Search results for , issue "Vol. 3 No. 2 (2020): JULY-DECEMBER 2020" : 5 Documents clear
ISLAMIC CONCEPT OF WAQF: CHALLENGES AND PROSPECTS WITH REFERENCE TO THE JAMMU AND KASHMIR MUSLIM WAQF BOARD Zahid Ahmad Dar
Airlangga International Journal of Islamic Economics and Finance Vol. 3 No. 2 (2020): JULY-DECEMBER 2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/aijief.v3i2.23880

Abstract

Allah sent Adam (A.S.) and His Kin on earth and made them to pass through diverse phases of life following His guidance from time to time through various prophets for each community, nation. In a society, He made them to depend on one another by bestowing some over the other to maintain the integrity of brotherhood, cooperation and so on. The challenging aspect in this way is the financial security which works against the greedy nature of a Man. In addition to Huqūq al-Allah, Islam also stresses on Huqūq al-‘Ibād, wherein helping someone economically becomes an important facet. To bring this idea into action, an institution has been developed named as ‘Waqf’ which provides all possible help to the downtrodden and marginalized section of the society. It plays very substantial role in the overall prosperity of both Muslims and non-Muslims. This paper aims at deliberating on present scenario of Waqf in the Union Territory of Jammu and Kashmir, India and highlights challenges to this institution, a barrier in overall development and security of a well-to-do society.
THE CASE FOR FULLY-FLEDGED PROFIT-LOSS SHARING BANKING Mohammad Said Fathurrohman
Airlangga International Journal of Islamic Economics and Finance Vol. 3 No. 2 (2020): JULY-DECEMBER 2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/aijief.v3i2.23881

Abstract

The original idea of Islamic banking is a two-tier profit-loss sharing banking.However, in practice Islamic banking only implements profit sharing in its funding side, while on the financing side profit sharing only take smaller share than that of fixed return financing, which is predominantly sale-basedfinancing. This paper aims to examine examine the issues in debt-like financing that are commonly used by Islamic banking. There are issues with the shariah validity of these types of financing due to involving multiple contracts. The issues in multiple contracts have economic implications, including risks and value added, which provide economic reasons to validate profit. Analysis on multiple contracts shows some conflict of rights and obligation implied by different contracts which are combined to form murabahah financing and musharakah mutanaqisah. The benefit analysis shows that both salebased financing and interest-paying credit takes profit from buyer for providing benefit of deferred payment. There is no real benefit of sale-based or rent-based financing for customer since Islamic banks never run real trading or rental business. This paper recommends Islamic banking to focus on its core as profit-sharing banking. Finally, this paper discusses some problems facing Islamic banking on the way transforming itself into fully-fledged profit-loss sharing banking and offers ideas to resolve it.
AWARENESS LEVEL OF HALAL FOOD PRODUCTS AND HEALTHY LIFESTYLES FOR REALIZING SDGs (COMPARATIVE STUDY BEFORE AND WHEN COVID- 19) Nadya Salsabila Haqqoni; Fitria Putri Aprilia; Indah Nur Maulina
Airlangga International Journal of Islamic Economics and Finance Vol. 3 No. 2 (2020): JULY-DECEMBER 2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/aijief.v3i2.23876

Abstract

The emergence of Coronavirus Disease (COVID-19) in China at the end of 2019 has caused a large international outbreak that threatens public health. COVID-19 is a new type of virus that has not been previously identified in humans. This study aims to determine whether this virus affects the public in consuming halal food products and adopting a healthy lifestyle. Islam itself has introduced the terms halal and haram where when this is not prioritized it will cause harm to human health. This study uses descriptive-quantitative methods, with data collection techniques using primary data sourced from a questionnaire with a total of 101 respondents through purposive random sampling technique with the SPSS program and secondary data sourced from literature studies as a theoretical reinforcement in finding a solution that can answer the problem. research written. Our results show that there is an increase in awareness of the halal label and the tendency to consume halal food after the occurrence of COVID-19. In order to realize the SDG's goals, it is necessary to increase public awareness of the halal lifestyle and be strengthened by the results of the survey that has been conducted, we recommend a system that is implemented in 3 ways, namely regulation, education, and literacy (REL). The initiative is intended to maintain and increase public awareness of consuming halal food products so as to accelerate the growth of the halal industry in Indonesia.
REFLECTION, IMPLEMENTATION, AND CONSEQUENCES OF ARTICLE 33 OF THE 1945 CONSTITUTION (AFTER AMENDMENT) TOWARDS THE ECONOMY OF INDONESIA AND ISLAMIC ECONOMIC CONNECTION Syafwendi Syafril
Airlangga International Journal of Islamic Economics and Finance Vol. 3 No. 2 (2020): JULY-DECEMBER 2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/aijief.v3i2.23878

Abstract

Indonesia is one of the world's largest country is strategically located betweentwo continents and two oceans. Strategic location endows Indonesia withabundant natural resources from the sea, air, and land area. Besides havingabundant natural resources, Indonesia has rich in culture, language, andcustoms, as well as demographic conditions. With the potential and assetsowned by Indonesia, this country has the opportunity to be a progressive andgrowing rapidly country.The committee was formed by the unification ofperception through legislation by the central government to support economicprosperity for the sake of welfare for all Indonesian people. So with thiscommitment is raised regulation of 33 UUD 1945, as one form betweengovernment and society to advance Indonesia's economy, so that will beexpected to improve the sustainable development, utilization of naturalresources to support the benefit of many people's lives, and that isn’t equallyimportant is the creation of social welfare for Indonesian society. But these loftyambitionsaren’t going according to what was expected earlier, the attitude ofindividualism that is more about profitability than the social welfare is moreprominent in the implementation of Article 33 UUD 1945, especially after thepoint of the article was amended.
THE ROLE OF MICROFINANCE IN POVERTY ALLEVIATIONS: CASE STUDY INDONESIA Mohammad Zeqi Yasin
Airlangga International Journal of Islamic Economics and Finance Vol. 3 No. 2 (2020): JULY-DECEMBER 2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/aijief.v3i2.23879

Abstract

The debate on whether microfinance genuinely alleviates poverty has captivatedmany researchers to investigate this issue. The results are mixed up and varied.Hence, this study aims to convey how the schemes of microfinance can deal with poverty, especially in Indonesia. Moreover, this study also investigates thesustainability of microfinance institutions in dealing with the trade-off betweensocial goal and profit goal. This study employs a descriptive analysis approach with literature study data collection technique. The discussion of this study reveals that the emergence of microfinance in Indonesia, in any ways, has had a significant role as a source of income for poor or micro entrepreneurs. The schemes of conventional and Islamic have also diversified opportunity to gain funding. However, the mix possible success of microfinance, either high-profit goal or high-social goal, have to be seriously concerned. In this regard, the finding implication of this study is that the management structure requires new approaches to avoid such possible mix results. As the involvement of microfinance with most of unexperienced debtors, microfinance institutions as creditor have to, at least, not only provide financial help for the poor, but also offer non-financial help such as training and good relationship. This can be organized along with extending the deeper credit outreach, even if, for absolute poor.

Page 1 of 1 | Total Record : 5