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 75 Documents
LEVEL OF UNDERSTANDING AND REASONS CUSTOMERS CHOOSE SHARIA INSURANCE PRODUCTS Delvia Rusita Purnamasari; Azhar Alam
Airlangga International Journal of Islamic Economics and Finance Vol. 3 No. 1 (2020): JANUARY-JUNE 2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/aijief.v3i1.19411

Abstract

This study aims to determine the level of customer understanding of Islamic insurance products and reasons for customers to buy or become consumers of Islamic insurance. This research uses a quantitative approach with descriptive statistical analysis. This research took at PT. Solo Family Takaful of 100 respondents. The data collection method uses a questionnaire distributed to customers, and the data processing uses the Guttman Scale Cross-Sectional model (traditional) with the help of Microsoft Excel 2010 and SPSS 24. The results of this study indicate that the level of understanding and reasons for customers in choosing sharia insurance products are classified as high due to factors consumer interest and knowledge factors.
EDUCATION, HEALTH, AND PUBLIC SERVICE IN INDONESIA: AN ISLAMIC ECONOMICS VIEW Noor Muhariah Dorojatun
Airlangga International Journal of Islamic Economics and Finance Vol. 1 No. 1 (2018): JANUARY-JUNE 2018
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/aijief.v1i1.10146

Abstract

The main object in this paper are two. First, to determine the suitability of laws on education and health to the government expenditure of Indonesia in Islamic economics view. Second, to devise guidelines for national policymakers in the implementation of government expenditure in education and health which gives utmost priority to public service. The distinctive feature of this paper is not only to see the increasing government expenditure and public services but in additional to implement the maximum government expenditure in education and health, there needs to be a minimum standard service which we see not only from the laws but from Islamic economics too. This paper contains as follow: section 1 commences with the sneak peak of Islamic economics, the increasing of government expenditure phenomenon, and empirical study about health and education. Section 2 addresses the state expenditure in Islam, the definition of government expenditure according to law, quality of services in Islam, and the definition of public services. Section 3 discusses education and health expenditure according to law and the minimum service standard for both and last, Section 4 is the conclusion.
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.
EXPLORING ISLAMIC PEER-TO-PEER LENDING FOR THE UNBANKABLE Rizqi Umar Al-Hashfi; Alyta Shabrina Zusryn
Airlangga International Journal of Islamic Economics and Finance Vol. 2 No. 2 (2019): July-December 2019
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/aijief.v2i2.20648

Abstract

Increasing internet penetration and technology-savvy generation in Indonesia can be an opportunity for high-tech businesses. Those are driven by the significant growth in the number of borrowers and lenders at the peer-to-peer (P2P) marketplace that provides alternative funding for small and medium enterprises (SMEs). The presence of shariacompliant P2P providers offers alternatives for both borrowers and financiers who concern about Islamic values. Our work aims to discuss the role of sharia P2P lending on improving people's welfare in Indonesia. By observing 26 P2P platform providers, we conclude that the sharia P2P providers are the potential to be developed. The applications of Islamic value technological advancements, which are the prohibition of interest, transparency, and a sophisticated credit scoring system, enable the unbanked population to access financial service, especially lending. However, the sharia platforms do not offer the redemption mechanism for financiers who take their money back early. Therefore, we also propose an integrated scheme for sharia P2P platforms.
FACTORS THAT INFLUENCE GROSS DOMESTIC PRODUCT IN OIL EXPORTING COUNTRIES MEMBERS OF THE ORGANIZATION OF ISLAMIC COOPERATION (OIC) IN THE PERIOD 1985-2016 Imaduddin zakiy; Eko Fajar Cahyono
Airlangga International Journal of Islamic Economics and Finance Vol. 2 No. 1 (2019): JANUARY-JUNE 2019
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/aijief.v2i1.15471

Abstract

The aim of this research is to analyze the impact of world oil prices, the dollar exchange rate, and inflation on economic growth in oil exporting countries at the organization of Islamic cooperation. The purposive sampling method used to Determine the 5 nation that fulfill the requirements needed. The Data used in this research is secondary Data Obtained from various international statistics institute. This study uses a quantitative approach and panel regression analysis of data that combines time series of data and crosssection data. The result of research with Fixed Effect estimation models shows that the impact of world oil prices, the dollar exchange rate, and inflation simultaneously have a significant effect on economic growth in oil exporting countries at the organization of Islamic cooperation. The other result shows that inflation partially does not have impact on economic growth in oil exporting countries at the organization of Islamic Cooperation, meanwhileother independent variables of the USD exchange rate and world oil prices partially have positive and significant effect on economic growth in oil exporting countries at the organization of Islamic cooperation during the period 1985-2016.
DETERMINANTS OF SHARIA BANKING MARKET SHARE GROWTH IN INDONESIA Nizar Hosfaikoni Hadi; Muh. Khairul Fatihin
Airlangga International Journal of Islamic Economics and Finance Vol. 1 No. 2 (2018): July-December 2018
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/aijief.v1i2.20805

Abstract

AbstractThe purpose of this paper is to investigate the variables that influence Islamic banking markets in Indonesia. The research data were obtained directly from the website of the Central Statistics Agency (BPS) and the financial services authority(OJK) from 2011-2018 which were taken on a quarterly basis. This study uses multiple regression analysis to analyze the factors that have an impact on the market share of Islamic banks in Indonesia. The variable that can affect Islamic banking marketshare in Indonesia is the liquidity ratio (FDR). While other variables such as the default rate (NPF), profit rate (ROA), economic growth (GDP) and conventional bank interest rates (INT) do not affect Islamic banking. The results suggest that Islamic banking regulates liquidity ratios (FDR) so that Islamic banking can effectively increase its market. This study complements previous research so that Islamic banking maintains a liquidity ratio in order to remain balanced.Keywords: marketshare, Islamic banking, FDR, GDP, ROA
FACTORS AFFECTING THE PERFORMANCE OF HAJJ FUND INVESTMENT IN MALAYSIA Sayyidah Ummu Sayyidah; Prayogo P Harto; Ahmad Baehaqi Baehaqi; Edy Suprpato
Airlangga International Journal of Islamic Economics and Finance Vol. 3 No. 1 (2020): JANUARY-JUNE 2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/aijief.v3i1.20160

Abstract

This study aims to analyze the effect of Investment Costs, Investment Size and Asset Allocation Policy on Investment Performance of Hajj Funds in Malaysia. The method used in this study is a quantitative method with Malaysia Hajj Financial Report Financial Data for 2008 - 2017 and data analysis techniques using non-parametric linear regression analysis with theil method. The results of this study indicate that all three factors together have a significant effect on the investment performance of Hajj funds. However, only Investment Costs are significant to the Investment Performance of the Hajj Fund. While the Investment Size and Asset Allocation Policy are not significant to the Investment Performance of the Hajj Fund in Malaysia.
DESIGNING ACCOUNTING INFORMATION SYSTEM FOR TRADING SMES: EMPIRICAL AND ISLAMIC INTEGRATION APPROACH Yuniarti Hidayah Suyoso Putra; Sri Yati
Airlangga International Journal of Islamic Economics and Finance Vol. 1 No. 1 (2018): JANUARY-JUNE 2018
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/aijief.v1i1.10427

Abstract

This research aims to describe the implementation of the accounting information system in the Small and Medium Enterprises (SMEs) which engaged in trading activities and provide recommendations to develop the accounting information system to support SMEs regarding best practices day to day operations and business side in Islam. The research uses mixed methods that attempt to bring together quantitative data and qualitative data to obtain a comprehensive analysis of the research problems. Trading SMEs have become the focused of research. Data collection are through observation, interviews, and documentation techniques. The analysis was performed using the accounting information system design regarding best practices and the business side of Islam. The results showed the sales process in trading SME used cash basis. The results analysis of weaknesses and strength of the accounting information system performance indicates that trading SMEs require the improvement concerning organizational structure, job descriptions, and internal controls related to inventory and fixed asset management. These results are used as a foundation to propose the new design of accounting information system without repeating the same mistakes in achieving corporate goals
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.
MILENIAL INTERESTS ON ISLAMIC INSURANCE: THE ROLE OF MOBILE SERVICE AND SATISFACTION Leviana Belianti; Fathimah Awliyaul Alim; Hizrina Awaliyah
Airlangga International Journal of Islamic Economics and Finance Vol. 2 No. 2 (2019): July-December 2019
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/aijief.v2i2.20660

Abstract

This research aims to predict millennial interest in using sharia insurance product mobile services in terms of usability dimensions (Safe, Convenient, Practical) and attractiveness (Visual, Price, Product) dimensions to interest in sharia insurance products through satisfaction mediation. This research observes 212 millennial respondents aged 20-37 years. By utilizing the SEM-PLS method, this research examines the feasibility of models and hypotheses. Estimation results reveal that millennials are interested in Islamic insurance mobile services based on the quality of practical and convenient mobile services, which has a positive value on satisfaction and interest in using Islamic insurance product mobile services. Thus, this research succeeded in renewing the view of the interests of insurance millennials. This research suggests the importance of the Islamic insurance industry in developing strategies designed to engage millennial customers with better service and increase their confidence in Islamic insurance mobile services.