cover
Contact Name
Nursyamsu
Contact Email
nursyamsu627@gmail.com
Phone
+6285326312012
Journal Mail Official
jurnaljiebi@iainpalu.ac.id
Editorial Address
Jalan Diponegoro No.23, Lere, Palu Bar., Kota Palu, Sulawesi Tengah 94221
Location
Kota palu,
Sulawesi tengah
INDONESIA
Jurnal Ilmu Ekonomi dan Bisnis Islam
ISSN : 29620872     EISSN : 26866633     DOI : https://doi.org/10.24239/jiebi
Core Subject : Economy,
Jurnal Ekonomi dan Bisnis Islam menerima naskah asli bidang Ekonomi Islam, antara lain laporan penelitian, laporan kasus, penerapan teori, kajian kritis, dan tinjauan pustaka. Penyebaran Ekonomi Islam meliputi (namun tidak terbatas pada): Keuangan Syariah dan Pasar Modal, Perbankan Islam, Manajemen Bisnis, Kewirausahaan, dan Pariwisata Islam, Akuntansi Islam dan Pelaporan Islam, Manajemen Risiko Syariah dan Asuransi Syariah, Keuangan Sosial Islam dan Industri Halal.
Articles 85 Documents
Reconciling Scalping With Islamic Principles: A Qualitative Study on Stock Trading In Malaysia Nazri, Hanafi; Nik Abdul Ghani, Nik Abdul Rahim
Jurnal Ilmu Ekonomi dan Bisnis Islam Vol 7 No 1 (2025)
Publisher : Program Studi Ekonomi Syariah, FEBI UIN Datokarama Palu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24239/jiebi.v7i1.355.105-122

Abstract

Scalping, a high-frequency trading strategy characterized by rapid buy-and-sell transactions to capture small price movements, has become increasingly common in modern stock markets. Its legitimacy under Islamic commercial jurisprudence (fiqh muʿāmalāt), however, remains debated due to potential elements of maysir (gambling), gharar (excessive uncertainty), and bayʿ al-najash (deceptive bidding). Addressing the lack of focused research on this issue within Malaysia’s Islamic capital market, this study employs a qualitative descriptive approach through document analysis of classical jurisprudential texts, contemporary academic literature, and regulatory fatwas issued by recognized Shariah authorities. Using the takyīf fiqhī method, the analysis examines the ethical and legal dimensions of scalping to determine whether it conforms to Shariah principles. The findings reveal that although scalping carries speculative elements, it may be considered conditionally permissible (mubāḥ) when conducted transparently, guided by informed analysis, and devoid of manipulative intent. The study concludes that scalping is not inherently prohibited in Islam but requires ethical discipline and regulatory oversight to prevent exploitation. The research contributes to refining Shariah-compliant trading practices, offering practical implications for Muslim investors, Shariah scholars, and regulators in strengthening ethical governance within Malaysia’s dynamic Islamic financial system.
Transforming Personal Selling Through Qur'anic Ethical Principles In Marketing Communication Syarifuddin, Syarifuddin
Jurnal Ilmu Ekonomi dan Bisnis Islam Vol 7 No 1 (2025)
Publisher : Program Studi Ekonomi Syariah, FEBI UIN Datokarama Palu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24239/jiebi.v7i1.358.59-74

Abstract

Personal selling plays a central role in marketing communication, particularly in building long-term relationships with customers. However, existing approaches often emphasize transactional goals over ethical engagement, creating a gap between persuasive communication theory and its practical application in the field. This study aims to address this gap by integrating Qur’anic ethical principles qaulan baligha (effective speech), qaulan layyina (gentle speech), and qaulan karima (noble speech) into personal selling strategies. Using a qualitative approach based on library research and thematic interpretation of selected Qur’anic verses, the research constructs an ethical framework for communication in marketing. The findings demonstrate that each principle offers distinct communicative value: qaulan baligha enhances clarity and emotional depth, qaulan layyina fosters empathy and polite persuasion, and qaulan karima emphasizes dignity and respect. These values are mapped systematically to the stages of the personal selling process, from prospecting to follow-up, offering a structured and ethical alternative to conventional selling tactics. The study concludes that integrating Qur’anic principles into personal selling not only improves communicative effectiveness but also aligns marketing practices with spiritual and ethical values. This contributes to the development of Islamic marketing theory and provides practical guidance for marketers seeking to build trust, customer loyalty, and sustainable business relationships rooted in ethical communication. Future research is recommended to empirically validate the proposed model across different market contexts.
Waqf and Microfinance Integration Strategy In Improving Welfare Through Community Economic Empowerment Siti Darajatun; Makhrus
Jurnal Ilmu Ekonomi dan Bisnis Islam Vol 7 No 1 (2025)
Publisher : Program Studi Ekonomi Syariah, FEBI UIN Datokarama Palu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24239/jiebi.v7i1.359.75-90

Abstract

Poverty and economic inequality remain persistent challenges in Indonesia, particularly in underdeveloped regions. Although waqf and microfinance have individually contributed to poverty alleviation, limited studies have examined their integrated application for sustainable community empowerment. This study addresses that gap by investigating how the Al-Qur’an Waqf Agency (BWA) and the Micro Waqf Bank (BWM) integrate waqf and microfinance to improve community welfare. The objective is to analyze the strategies, outcomes, and sustainability of their programs in supporting micro and small enterprises. Using a qualitative field research method, data were collected through purposive sampling and in-depth interviews with institutional stakeholders and beneficiaries. Inductive analysis was employed to identify key themes and patterns. The findings indicate that the integration of waqf and microfinance enhances access to capital, improves financial literacy, and strengthens microenterprises, particularly in remote areas. Offline initiatives such as da’wah campaigns are complemented by digital platforms, significantly expanding outreach and public engagement. The study concludes that combining Islamic philanthropy and microfinance offers an effective model for inclusive and sustainable economic development. The implications highlight the need to strengthen digital infrastructure, enhance financial education, and foster multi-stakeholder collaboration. This research contributes to policy formulation and practical strategies for leveraging Islamic social finance to address structural poverty and build resilient local economies.
Short-Term Shocks and The Resilience of Islamic Stocks: Evidence From The Dow Jones Islamic Turkey Index Eşref Devabe
Jurnal Ilmu Ekonomi dan Bisnis Islam Vol 7 No 1 (2025)
Publisher : Program Studi Ekonomi Syariah, FEBI UIN Datokarama Palu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24239/jiebi.v7i1.362.91-104

Abstract

This study examines how internal factors exchange rates, interest rates, and inflation and external variables global oil and gold prices, the 2008 financial crisis, and the COVID-19 pandemic affect the performance of Shariah-compliant stocks listed on the Dow Jones Islamic Turkey Index. Although Islamic equity markets are gaining prominence, limited research addresses their response to macroeconomic shocks, particularly in emerging economies. This study aims to fill that gap by evaluating both short-term and long-term effects of selected variables using monthly data from January 2007 to September 2024. The Autoregressive Distributed Lag (ARDL) model is employed to identify cointegration and dynamic relationships. The results indicate a long-run equilibrium among variables but show no significant long-term effects on index performance. In contrast, short-term analysis reveals that exchange rate fluctuations and the COVID-19 pandemic significantly and negatively affect Islamic stock performance, with respective impacts of 48% and up to 14%. The findings suggest that while Islamic stocks demonstrate resilience over time, they remain vulnerable to short-term shocks. This highlights the critical role of exchange rate volatility and pandemic-driven uncertainty in shaping investor confidence. The study contributes to Islamic finance literature by offering empirical insights into how macroeconomic dynamics influence Islamic stock indices and provides practical guidance for investors and policymakers aiming to enhance risk management and develop resilient investment strategies in Shariah-compliant markets.
Rethinking Money and Budget Lines: A Comparative Study of Secular and Islamic Economic Rationality Luluk Latifah; Salameh alkhazaleh
Jurnal Ilmu Ekonomi dan Bisnis Islam Vol 6 No 2 (2024)
Publisher : Program Studi Ekonomi Syariah, FEBI UIN Datokarama Palu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24239/jiebi.v6i2.363.190-210

Abstract

This study addresses the fundamental differences between secular and Islamic economic concepts of money and its usage, highlighting a research gap in understanding these paradigms. The objective is to analyze the concept of money from both perspectives and link it to rational Islamic solutions for achieving optimal welfare. Employing a qualitative methodology through library research, the study illustrates the application of these concepts with case examples. Findings reveal that in secular economics, money is viewed as a commodity that serves as a store of wealth and capital. In contrast, in Islamic economics, money is regarded as a public good that should facilitate productive transactions under Sharia principles. The research concludes that rationality in Islamic economics emphasizes not only utility maximization but also the maximization of social welfare, where optimal consumption occurs when the Sharia-compliant budget line intersects with the highest iso-maslahah curve. This study contributes to a deeper understanding of the differences in economic paradigms and their implications for Islamic financial policy, asserting that the Islamic economic system offers solutions based on values of blessing and social welfare. The findings encourage further exploration of the practical application of Sharia budget lines in contemporary economic decision-making.