cover
Contact Name
Soleh Hasan Wahid
Contact Email
wahid@iainponorogo.ac.id
Phone
+6281335727774
Journal Mail Official
invest@iainponorogo.ac.id
Editorial Address
Jl. Puspita Jaya, Krajan, Pintu, Kec. Jenangan, Kabupaten Ponorogo, Jawa Timur 63492
Location
Kab. ponorogo,
Jawa timur
INDONESIA
Invest Journal of Sharia & Economic Law
ISSN : 27764982     EISSN : 27764354     DOI : http://dx.doi.org/10.21154/invest
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
Arjuna Subject : Ilmu Sosial - Hukum
Articles 123 Documents
Kontrak Kerjasama Penggarapan Lahan Kayu Putih Perspektif Fiqh Muzara’ah (Studi Kasus Perum Perhutani KPH Madiun Dan Petani LMPSDH Sido Luhur Desa Kaponan Kecamatan Mlarak Kabupaten Ponorogo) Afifah, Hiyarotul; Hasan Wahid, Soleh
Invest Journal of Sharia & Economic Law Vol. 1 No. 1 (2021)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (457.286 KB) | DOI: 10.21154/invest.v1i1.2737

Abstract

In the village of Kaponan, Mlarak, Ponorogo, Not all people who farm have their own agricultural land  There are several farmers who do not have their own land, collaborating with parties who have a lot of land to carry out agricultural activities. Some of the community members manage the land belonging to the KPH Madiun (Kesatuan Pengelolaan Hutan). At first the collaboration took place verbally, but along with the times, agreements were made in writing to facilitate arrangements. So that the amendment to this agreement raises several opinions, there are parties who think that verbally agreements are more suitable to be applied and there are also parties who think that written agreements are more suitable. Based on the description above, the researcher used two problem formulations in this study. (1) How is the application of Islamic agreement principles in the eucalyptus land cultivation cooperation contract between Perum Perhutani KPH Madiun and LMPSDH Sido Luhur Kaponan, Mlarak, Ponorogo according to Fiqh Muzara’ah. (2) How is the clause of the cooperation contract for the cultivation of eucalyptus land between Perum Perhutani KPH Madiun and LMPSDH Sido Luhur Kaponan, Mlarak, Ponorogo Regency according to Fiqh Muzara’ah. According to the type, this research includes field research using qualitative methods. While the data collection techniques used are observation, interviews and documentation. The analysis used is the inductive method, which is a method that emphasizes previous observations, then draws conclusions based on these observations. From the results of this study it can be concluded that what is more appropriate in the application of the principles of Islamic agreement is when this agreement is made verbally. Because all parties have implemented all the principles of Islamic agreement, there are only two principles of Islamic agreement that have not been implemented. While the level of validity in the application of fiqh Muzara’ah refers to an agreement that occurs in writing, because the pillars and requirements of Muzara’ah have been fulfilled in their entirety.
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

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v1i2.3482

Abstract

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

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v1i2.3510

Abstract

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

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v1i2.3439

Abstract

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.
Hukum Fee Kafālah di Lembaga Keuangan Syariah Perspektif Fikih Maksum, Muh.
Invest Journal of Sharia & Economic Law Vol. 2 No. 1 (2022)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v2i1.3922

Abstract

The contracts in Fiqh Muamalah have all been implemented in Sharia Financial Institutions. One of the implemented contract products is kafālah. Kafālah is a binding contract between a kāfîl (guarantor) to a guaranteed party (makfūl lah) for the receivables given for the implementation of a project/work. In Islamic Financial Institutions, the kafālah contract is applied as a Bank Guarantee, Letter Of Credit and Sharia Credit Card (Syariah Card). Contract products that use the kafālah system all have a fee. However, the problem is that many people are confused about the law on the existence of the kafālah fee. This paper describes the law, basis and reasons for Ulam related to kafālah fees implemented in Islamic Financial Institutions. This research uses a type of literature research or library research, namely by collecting data that is the main source from various books, books, articles, scientific journals, and other writings related to the kafālah. The approach taken by the researcher is using a qualitative approach, where the data collected is not in the form of numbers, but the data is obtained from the study and review of literature on bibliographic sources. The results of the analysis of researchers related to the law of kafalah fees in Islamic Financial Institutions from the perspective of fiqh are different in the opinion of scholars (ikhtilaf). A kafālah contract is a tabarru contract (charity program), not a tijari contract entitled to a fee. This principle makes some Fiqh scholars not allow a kāfîl to take a fee for insurance services given to the makfūl 'anhu. However, some scholars allow fees on kafālah contracts because of the condition of a general-purpose, so that if there is no fee, it will not realize the benefit and carry out good deeds.
Implementasi Maqashid Syariah dalam Pemberdayaan Ekonomi Masyarakat Wulandari, Efriza Pahlevi; Saiban, Kasuwi; Munir, Misbahul
Invest Journal of Sharia & Economic Law Vol. 2 No. 1 (2022)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v2i1.3661

Abstract

Poverty is a social problem that must be immediately eradicated in people's lives. If there is no serious action to eliminate it, there will be many problems that arise due to poverty, such as crime, crime; even a strong person's faith can become weak when poverty strikes. one effort to reduce the level of poverty that exists, namely by empowering the community through the business sector (industry) to improve economic welfare. Islamic economic welfare is divided into 2, namely the welfare of the world and the hereafter. Welfare is material and spiritual welfare. Material welfare is obtained by increasing income to meet life's needs, while spiritual welfare draws closer to Allah SWT by maintaining maqashid sharia. The goal and hope of this Maqashid Syariah in improving the community's economy are to produce prosperity for the community itself, both in this world and in the hereafter         
Analisis Perbandingan Kinerja Keuangan Bank Syariah dengan Bank Konvensional Perspektif Maqashid Syariah Hidayat, Solikhul; Saiban, Kasuwi; Nurfadilah, Nurfadilah; Munir, Misbahul
Invest Journal of Sharia & Economic Law Vol. 2 No. 1 (2022)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v2i1.3663

Abstract

Accounting as a complement (tahsiniyat) can turn into a necessity (hajiyat) at the maqashid level. Maqashid sharia is not the most decisive factor in giving birth to sharia economic products that can play a dual role as a tool of social control and socio-economic engineering to realize human benefit, sharia maqashid can provide philosophical and rational dimensions to sharia economic law products that are born in economic ijtihad activities contemporary sharia. Islamic banking, which is growing and developing in the country, is currently increasingly in demand by investors and potential investors. However, the problem is that people do not know how far the performance of Islamic banking is, when compared to the performance of conventional banks which first operated. This study is intended to compare the performance of the two banks, this is important so that investors, potential investors know and assess the performance of the two banks. Assessment of financial performance can be seen from the financial ratios of CAR, ROA, ROE, NPL, LDR, and BOPO. The research population is 14 Islamic commercial banks. The sample using purposive sampling, using 3 Islamic banks, Bank Negara Indonesia (BNI) Syariah, Bank Rakyat Indonesia (BRI) Syariah, Bank Mandiri Syariah and 115 conventional banks. Research data from the annual financial statements of the banks under study. The data analysis technique used the Mann-Whitney U Test. The results showed that there was no significant difference in the CAR ratio between Islamic banks and conventional banks. The ratio of ROA, ROE, NPL, LDR and BOPO there are significant differences between Islamic banks and conventional banks. The financial performance of Islamic banks is better in terms of the LDR ratio, while the financial performance of conventional banks is better in terms of the ratios of CAR, ROA, ROE, NPL, BOPO.
Transaksi Berjangka Komoditas Pertanian di Desa Sukorejo Perspektif Islam Fuadi, Septiyan Hudan
Invest Journal of Sharia & Economic Law Vol. 2 No. 1 (2022)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v2i1.4242

Abstract

Nowadays, there are many forms of buying and selling transactions that are developing in the community, one of which is using the futures model on agricultural commodities in Sukorejo Village, Sukorejo District, Ponorogo Regency. The characteristic of this transaction is that the middleman buys agricultural commodities at a higher price than the current market price but the payment is made at a later date. This transaction was motivated by several farmers who found that their harvests were not good due to a lack of personnel in maintaining agricultural products, in addition to unstable price fluctuations due to the COVID-19 pandemic that occurred in Indonesia. Over time, this futures transaction has an impact on the community, namely the harmony of the community is reduced. This research is a field research using descriptive qualitative method. While the purpose of this study is to discuss the validity of the contract and the social impacts that occur from the futures transaction from an Islamic perspective. The conclusion that can be drawn from this research is that futures transactions are valid by contract because in Islam it is also known as Nasi'ah buying and selling. Whereas in the aspect of social impact, in principle, this transaction is worth maslahah because the majority of people feel helped.   
The Influence of Price, Product Quality, and Halal Knowledge on Purchase Decisions for Fiesta Chicken Nugget Products with Purchase Intention as an Intervening Variable (Study on Consumers in Salatiga City) Lisdiani, Nur Linna Isti; Annisa, Arna Asna
Invest Journal of Sharia & Economic Law Vol. 2 No. 1 (2022)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v2i1.3830

Abstract

Halal and non-halal meat zoning policies impact consumer intentions for a product. The product, Fiesta Chicken Nugget in Salatiga, is one of them. Whether positive or negative, the policy will impact the sale of processed meat products. This research is based on the background of processed chicken meat products, namely Fiesta Chicken Nugget in Salatiga, which is affected by the Halal Zoning policy. The study aimed to determine the effect of price, product quality, and consumer knowledge of halal on purchasing decisions for Fiesta Chicken Nugget products in Salatiga City, with buying interest as an intervening variable. This research uses quantitative research. The sampling technique used purposive sampling with a total of 100 respondents. This study conducted validity, reliability, correlation coefficient, determination coefficient, regression analysis, t-test with SPSS application and Sobel analysis to test the effect of intervening variables. The results of the hypothesis stated that price, product quality, halal knowledge, and buying interest had a positive and significant effect on purchasing decisions. While the study's results indicate that price and product quality affect buying interest, halal knowledge does not. Then the price, halal knowledge and buying interest do not affect purchasing decisions, but product quality does affect the Fiesta Chicken Nugget product.
Implementasi Kepatuhan Syariah Pada Produk-Produk Pembiayaan di Bayt Al-Mal Surya Mandiri Cabang Pembantu Jetis Khoiron, Hayyin Uhtiyani; Ulfah, Isnatin
Invest Journal of Sharia & Economic Law Vol. 2 No. 1 (2022)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v2i1.3804

Abstract

The Sharia Economic Law Compilation determines that the field of business to be carried out and the distribution of profits between the two parties must be stated clearly and definitely, as well as according to the agreement. In practice, mudarabah financing at BMT Surya Mandiri Capem Jetis only conducts surveys related to customer conditions without surveying the business fields carried out by customers, so the financing is sometimes used for consumptive needs. While profit sharing is considered less clear and definite, where profits should be shared, BMT only determines the percentage of profit itself without determining the percentage of profits that the customer as manager. In this study, the author looks at how KHES reviews the determination of business fields and profit sharing on financing products at BMT Surya Mandiri Sub Branch Jetis. From this research, it can be concluded that determination of business fields by KHES is financing provided to customers for business capital or increasing business capital. The financing is used for productive and profitable business fields. Meanwhile, the business fields not by the KHES are financing provided to meet the consumptive needs of customers, not for the business sector. The capital is used to meet personal needs that are not profitable. Furthermore, BMT only determines the percentage of its profit and includes the number of instalments and customer services each month without determining the percentage of profit that is part of the manager, so it is not by the provisions of KHES.

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