Invest Journal of Sharia & Economic Law
Invest Journal of Sharia & Economic Law, E-ISSN: published by the Sharia Faculty, IAIN Ponorogo, Indonesia. This journal is published every July and December. The Invest Journal focuses on the results of field studies and literature studies in Islamic economic law, especially the integrative study of Islamic economic law in Southeast Asia. This journal publishes original articles on current international issues and trends regarding Sharia economic law, policy, law, social issues to advance knowledge of the theory and practice of Sharia economic law. The Invest Journal of Sharia & Economic Law specializes in research results either theoretically, a particular approach, or geographically in the fields of: Sharia economic law Sharia business law Sharia banking law Sharia financial institution law Non-bank financial industry Fatwa Islamic economics Islamic law Economic Law Business Law Financial Law
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Bisnis Herbalife Nutrition Club Cupid Ceria Perspektif Fatwa DSN-MUI NO.75/DSN MUI/VII/2009
Arik Putri Lestari, Yosy;
Rofiah, Khusniati
Invest Journal of Sharia & Economic Law Vol. 1 No. 2 (2021)
Publisher : Institut Agama Islam Negeri Ponorogo
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DOI: 10.21154/invest.v1i2.2663
The purpose of this study was to find out how the perspective of the DSN MUI fatwa No.75 / DSN MUI / VII / 2009 on PLBS on Herbalife business practices at the Nutrition Club Cupid Ceria Madiun City related to price, royalty, and the concept of ighra'. This research uses field research methods with a qualitative approach. The results of this study can be seen that 1) The price of Herbalife products is not following the DSN MUI fatwa No.75 / DSN MUI / VII / 2009 concerning PLBS because it is included in the Excessive Markup category because the product price is relatively high and does not match the profit-sharing 2) Royalty in the Herbalife bonus system is fully following the DSN MUI fatwa No.75 / DSN MUI / VII / 2009 regarding PLBS because bonuses are the result of actual work, the amount is precise, not passive income and there is no exploitation or injustice. 3) Royalty in business Herbalife is also following the DSN MUI fatwa No.75 / DSN MUI / VII / 2009 regarding PLBS, which is not included in the ighra ' category because initially businessmen are not immediately interested in bonuses in this business but are only interested in the product results they want to achieve
Legal Standing Influencer Saham di Indonesia
Pahlevi, Farida Sekti
Invest Journal of Sharia & Economic Law Vol. 1 No. 2 (2021)
Publisher : Institut Agama Islam Negeri Ponorogo
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DOI: 10.21154/invest.v1i2.2908
Investment is one of the factors driving economic growth in realizing economic equality and eradicating poverty. Economic Activities Investment plays a role in the development of companies or projects with the aim of obtaining profit sharing. The investment currently discussed in this study is a stock investment in the capital market. The growth of investors in the Indonesian capital market is considered quite good but is still relatively lagging behind other countries. One strategy to increase economic activity in the capital market sector is to utilize stock influencers. This study uses a literature study technique in collecting data in which the authors collect information related to legal reviews of the role of stock influencers in Indonesia. The formulation of the problem in this study focuses on (1) the influence of stock influencers on the number of investors, (2) prohibitions in the capital market industry, and (3) the role of stock influencers in terms of the Capital Market Law. The conclusion explains that stock Influencers provide information about stock investment well so that it can increase the number of investors, but requires a persuasive and educational approach to Influencers in order to know the risks and impacts as a whole and how to educate the public to invest properly. Then explained that the prohibition on the capital market and the role of stock influencers according to the Capital Market Law have not been explicitly regulated so it must be noted that influencers are not investment advisors and cannot be investment advisors, Influencers are not capital market supporting profession, Information submitted by influencers must heed Article 79 of the Capital Market Law, Influencer behaviour is viewed from actions that are prohibited in the capital market sector according to the provisions of articles 90-96 of the Capital Market Law.
Hubungan Industrial Pancasila Dalam Undang-Undang Cipta Kerja
Kususiyanah, Anjar
Invest Journal of Sharia & Economic Law Vol. 1 No. 2 (2021)
Publisher : Institut Agama Islam Negeri Ponorogo
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DOI: 10.21154/invest.v1i2.3478
Pancasila industrial relation is a relationship between the government, employers, and workers based on the Pancasila ideology. It is appropriate that the formation of regulations regarding employment are also based on Pancasila and the 1945 Constitution. The Law describes the legal ideals of Indonesian workers, which are in line with the national development Pancasila ideology system so that all elements, both workers and entrepreneurs, feel welfare as aspired by all Indonesian people. Since the workforce is the most critical factor in the national development sector, it is appropriate that the regulations governing Manpower are always discussed and in the spotlight of policymakers, academics, and Indonesian workers. The human resources sector is included in one of the discussions in the work creation law, which President Joko Widodo initiated. However, there is a degradation in the value of welfare for workers in Indonesia. There are several shifts in the content of Manpower, including regarding Foreign Workers (TKA), Time Work Agreements. Certain (PKWT), outsourcing (outsourcing), wages. This study examines the value of Pancasila industrial relations in the Employment Copyright Act with a qualitative descriptive method to understand a Pancasila industrial relations concept in the Work Copyright Act, researchers using material analysis techniques (content analysis) and library research. The purpose of this research is to be used as a reference for policymakers as a material for judicial review to realize the nation's welfare. The results of this study state that the concept of Pancasila industrial relations is not yet fully attached to the Employment Copyright Act. Therefore, there must be a joint effort to rebuild industrial relations based on Pancasila so that industrial relations in Indonesia can run smoothly, relatively, and based on deliberation for consensus to build a better Indonesia in the international community's eyes.
Tinjauan Etika Bisnis Islam dan Undang-Undang Perlindungan Konsumen Terhadap Penggunaan Alat Produksi Cincau
Aldana, Lavia Vega
Invest Journal of Sharia & Economic Law Vol. 1 No. 2 (2021)
Publisher : Institut Agama Islam Negeri Ponorogo
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DOI: 10.21154/invest.v1i2.3479
Islamic business ethics are several ethical business behaviors (akhlaq al-Islamiyah) wrapped in shari'ah provisions. Currently, some producers have not met the principles of Islamic business ethics, as in the practice of black grass jelly production in Jatisari Village, Geger District, Madiun Regency, which still uses cooking utensils that do not meet standards. This study aims to analyze how grass jelly production tools are used when viewed with Islamic business ethics and Law Number 8 of 1999 concerning Consumer Protection. The type of research used in this research is field research using qualitative methods. The results of this study are; in terms of Islamic business ethics, the cooking/production utensils used in the production of black grass jelly in Jatisari Village, Geger District, Madiun Regency are following Islamic business ethics principles. However, these tools do not follow the Consumer Protection Act, namely in Article 4 paragraph (1) and paragraph (3) concerning consumer rights. The implications of this research are expected to provide input to improve the application of Islamic business ethics and the rules of Law Number 8 of 1999 concerning Consumer Protection for Cincau producers.
Eksistensi Akad Dalam Bingkai Transaksi Bisnis Modern :Transaksi Bai’mu’athah di Supermarket
Indrawati, Titis;
Hanifuddin, Iza
Invest Journal of Sharia & Economic Law Vol. 1 No. 2 (2021)
Publisher : Institut Agama Islam Negeri Ponorogo
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DOI: 10.21154/invest.v1i2.3482
This study aims to find out how the existence of contracts in the frame of everyday business transactions, especially in bai'mu'athah transactions that occur in supermarkets. This study uses a qualitative research method with a library research approach. It is called library research because the data or materials needed to complete it comes from books and journals. The data collection method is the descriptive analysis method. Moreover, the analysis technique used is content analysis. The findings of this study are that in business transactions, contracts have an essential meaning in people's lives and are the basis of many human activities. The Islamic view of the contract has no limits as long as it is by the terms and pillars of the contract. However, along with the development of modern times to facilitate transactions and flexibility, the contract can be made directly, without using words, writing, or expressing the will. However, it is carried out with the actions of both parties that reflect their willingness and agreement, which is commonly known as a bai'mu'athah transaction. These transactions are found in supermarkets, where supermarkets use electronic barcode media that machines can only read. Bai'mu'athah transactions do not meet the requirements and pillars of the contract, but according to Maliki in the most rajih qaul, the law of buying and selling mu'athah is valid if it has become a daily habit that shows willingness, and the act describes the perfection of each other's desires. Each party. Moreover, some Shafi'i scholars allow bai'mu'athah transactions
Pembiayaan Pendidikan Anak Yatim Piatu Sebagai Dampak Sekunder Pandemi Covid-19 di Indonesia Melalui Zakat
Wijaya, Buana Handa;
Hanifuddin, Iza
Invest Journal of Sharia & Economic Law Vol. 1 No. 2 (2021)
Publisher : Institut Agama Islam Negeri Ponorogo
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DOI: 10.21154/invest.v1i2.3510
The Covid-19 pandemic has a secondary impact: the emergence of orphaned children due to losing one or both caregivers. Primary data of the children are used to implement child rights protection. The program must be run on target according to the characteristics and needs of children's rights. The research method used in this research is library research. These research variables include the impact of the Covid-19 pandemic in Indonesia on children, the role of zakat in supporting the education of children who have lost one or both caregivers, and legal certainty in supporting children's education during the Covid-19 pandemic in Indonesia. A single agency cannot solve educational problems for these children during the Covid-19 pandemic. Program cooperation from various parties such as multilateral organizations, national and local governments, non-governmental and faith-based organizations, voluntary organizations, and donors can overcome the secondary impact of the Covid-19 pandemic on these children. BAZNAS, as a national zakat management institution in Indonesia, has distributed zakat funds in supporting the field of education during the Covid-19 pandemic (2020-2021). However, no programs specifically lead to educational assistance to orphaned children due to the loss of one or both caregivers (parents or grandparents) during the Covid-19 pandemic. The implementation of educational services for vulnerable children experiencing school dropouts during the Covid-19 pandemic should be accompanied by a clear legal umbrella in ensuring the sustainability of education
Status Kepemilikan Emas Virtual di Aplikasi Shopee Perspektif Fatwa DSN-MUI Tentang Jual Beli Emas Secara Tidak Tunai
Rahma, Mevianti Nur;
Hanifuddin, Iza
Invest Journal of Sharia & Economic Law Vol. 1 No. 2 (2021)
Publisher : Institut Agama Islam Negeri Ponorogo
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DOI: 10.21154/invest.v1i2.3439
The purpose of this study is to find out how the Status of Virtual Gold Ownership in the Shopee Application is reviewed by DSN Fatwa No. 77/DSN-MUI/VI/2010 concerning the Sale and Purchase of Gold in Cashless Seen from the process of transferring ownership rights through buying and selling. This study uses a descriptive qualitative approach research method. The results of this study can be seen that; 1) Virtual gold ownership in the Shopee application in Islam is included in imperfect ownership because it is only a gold balance (intangible); 2) The process of ownership or transfer of virtual gold ownership rights through buying and selling in the Shopee application is considered invalid because the virtual gold ownership does not fulfill the muamalah contract, namely the absence of the handover of goods (Gold); 3) The status of virtual Gold ownership is reviewed by DSN MUI fatwa No. 75/DSN MUI/VII/2009 regarding buying and selling of non-cash Gold in the Shopee application is legal (Mubah). The ownership of virtual Gold purchased for cash is valid if there is a handover of goods/objects. However, there is no handover of goods in the Shopee application, so ownership is considered invalid.
Bisnis Herbalife Nutrition Club Cupid Ceria Perspektif Fatwa DSN-MUI NO.75/DSN MUI/VII/2009
Arik Putri Lestari, Yosy;
Rofiah, Khusniati
Invest Journal of Sharia & Economic Law Vol. 1 No. 2 (2021): INVEST - Vol. 1 No. 2 (2021)
Publisher : Institut Agama Islam Negeri Ponorogo
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DOI: 10.21154/invest.v1i2.2663
The purpose of this study was to find out how the perspective of the DSN MUI fatwa No.75 / DSN MUI / VII / 2009 on PLBS on Herbalife business practices at the Nutrition Club Cupid Ceria Madiun City related to price, royalty, and the concept of ighra'. This research uses field research methods with a qualitative approach. The results of this study can be seen that 1) The price of Herbalife products is not following the DSN MUI fatwa No.75 / DSN MUI / VII / 2009 concerning PLBS because it is included in the Excessive Markup category because the product price is relatively high and does not match the profit-sharing 2) Royalty in the Herbalife bonus system is fully following the DSN MUI fatwa No.75 / DSN MUI / VII / 2009 regarding PLBS because bonuses are the result of actual work, the amount is precise, not passive income and there is no exploitation or injustice. 3) Royalty in business Herbalife is also following the DSN MUI fatwa No.75 / DSN MUI / VII / 2009 regarding PLBS, which is not included in the ighra ' category because initially businessmen are not immediately interested in bonuses in this business but are only interested in the product results they want to achieve
Legal Standing Influencer Saham di Indonesia
Pahlevi, Farida Sekti
Invest Journal of Sharia & Economic Law Vol. 1 No. 2 (2021): INVEST - Vol. 1 No. 2 (2021)
Publisher : Institut Agama Islam Negeri Ponorogo
Show Abstract
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DOI: 10.21154/invest.v1i2.2908
Investment is one of the factors driving economic growth in realizing economic equality and eradicating poverty. Economic Activities Investment plays a role in the development of companies or projects with the aim of obtaining profit sharing. The investment currently discussed in this study is a stock investment in the capital market. The growth of investors in the Indonesian capital market is considered quite good but is still relatively lagging behind other countries. One strategy to increase economic activity in the capital market sector is to utilize stock influencers. This study uses a literature study technique in collecting data in which the authors collect information related to legal reviews of the role of stock influencers in Indonesia. The formulation of the problem in this study focuses on (1) the influence of stock influencers on the number of investors, (2) prohibitions in the capital market industry, and (3) the role of stock influencers in terms of the Capital Market Law. The conclusion explains that stock Influencers provide information about stock investment well so that it can increase the number of investors, but requires a persuasive and educational approach to Influencers in order to know the risks and impacts as a whole and how to educate the public to invest properly. Then explained that the prohibition on the capital market and the role of stock influencers according to the Capital Market Law have not been explicitly regulated so it must be noted that influencers are not investment advisors and cannot be investment advisors, Influencers are not capital market supporting profession, Information submitted by influencers must heed Article 79 of the Capital Market Law, Influencer behaviour is viewed from actions that are prohibited in the capital market sector according to the provisions of articles 90-96 of the Capital Market Law.
Status Kepemilikan Emas Virtual di Aplikasi Shopee Perspektif Fatwa DSN-MUI Tentang Jual Beli Emas Secara Tidak Tunai
Rahma, Mevianti Nur;
Hanifuddin, Iza
Invest Journal of Sharia & Economic Law Vol. 1 No. 2 (2021): INVEST - Vol. 1 No. 2 (2021)
Publisher : Institut Agama Islam Negeri Ponorogo
Show Abstract
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Original Source
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Check in Google Scholar
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DOI: 10.21154/invest.v1i2.3439
The purpose of this study is to find out how the Status of Virtual Gold Ownership in the Shopee Application is reviewed by DSN Fatwa No. 77/DSN-MUI/VI/2010 concerning the Sale and Purchase of Gold in Cashless Seen from the process of transferring ownership rights through buying and selling. This study uses a descriptive qualitative approach research method. The results of this study can be seen that; 1) Virtual gold ownership in the Shopee application in Islam is included in imperfect ownership because it is only a gold balance (intangible); 2) The process of ownership or transfer of virtual gold ownership rights through buying and selling in the Shopee application is considered invalid because the virtual gold ownership does not fulfill the muamalah contract, namely the absence of the handover of goods (Gold); 3) The status of virtual Gold ownership is reviewed by DSN MUI fatwa No. 75/DSN MUI/VII/2009 regarding buying and selling of non-cash Gold in the Shopee application is legal (Mubah). The ownership of virtual Gold purchased for cash is valid if there is a handover of goods/objects. However, there is no handover of goods in the Shopee application, so ownership is considered invalid.