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Soleh Hasan Wahid
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invest@iainponorogo.ac.id
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Jl. Puspita Jaya, Krajan, Pintu, Kec. Jenangan, Kabupaten Ponorogo, Jawa Timur 63492
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INDONESIA
Invest Journal of Sharia & Economic Law
Published by Institut Agama Islam Negeri Ponorogo
ISSN : 27764982     EISSN : 27764354     DOI : http://dx.doi.org/10.21154/invest
Core Subject : Religion, Economy, Humanities, Social,
Religion Humanities Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Social Sciences
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 125 Documents
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Money Multiplication in Islamic Banking ”“ A Discussion on Its Impact on Distributive Justice Javaid, Omar
Invest Journal of Sharia & Economic Law Vol. 3 No. 1 (2023)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v3i1.5780

Abstract

This paper explores the legitimacy of the use of Fractional Reserve System in Islamic banking from the normative premise of Islamic economics. The paper uses a methodology of structured literature review and a conceptual analysis of the literature following the approach of Critical Interpretive Synthesis (CIS). The first section of the paper presents the analysis on fractional Reserve Bank (FRB) system, how it leads to multiplication of money supply and influence the long-term inflation and business cycles; the second part of the article explains the extent to which this framework obstructs in the achievement of the objectives of Islamic Economics. This is followed by a reflective analysis of concepts and information gathered from the literature to evaluate how FRB system fits into the fabric of Islamic Economic. The second section of this paper explains how Islamic Banks, with an FRB model and its inclination towards debt-based instruments, would allow Islamic banks to contribute to the problem of inflation, even if they use Musharakah and Mudarabah as a mode of finance.
The Application of Maintenance Functions in The Human Resources Management of Islamic Financial Institutions Arik Putri Lestari, Yosy
Invest Journal of Sharia & Economic Law Vol. 3 No. 1 (2023)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v3i1.5128

Abstract

Sharia Savings and Loan Cooperatives are unique in that they must balance their business principles with high and volatile work demands. The care function of human resource management is an essential aspect of ensuring employee well-being and job satisfaction within organizations, including sharia savings and loan cooperatives. This study specifically focuses on examining the application of maintenance functions at KSP BMT Surya Abadi Jenangan Ponorogo, an esteemed Islamic financial institution that has experienced rapid development in Indonesia and has contributed to economic improvement through its diverse financing products. This research aims to provide valuable insights into the organization's practices and contribute to the broader understanding of human resources management in Islamic institutions and ultimately improve the quality of their workforce and service performance. Through a comprehensive analysis, this study has illustrated the practices carried out by the organization in maintaining employee welfare and retention. KSP BMT SURYA Abadi Jenangan Ponorogo demonstrates efforts in prioritizing employee welfare and retention, with notable aspects including occupational health and safety, communication, and human resource welfare programs, although improvements are needed, particularly in the area of occupational health and safety.
Awareness of the Differences Between Islamic Insurance and Conventional Insurance amongst Students of Islamic Studies in Sri Lanka Mohamed Minaz, Mohamed Naushad; Mohamed Mazahir, Sayed Mohamed; Fathima Nihla, Ahamed Mukthar Faiser; Fathima Masliha, Kalanthar Lebbe
Invest Journal of Sharia & Economic Law Vol. 3 No. 1 (2023)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v3i1.5794

Abstract

This study investigates Takaful, an Islamic insurance model, as a viable alternative to conventional insurance. It identifies the issue of insufficient awareness and understanding of Takaful among Sri Lankans despite its increasing popularity in the region. This study aimed to assess the level of awareness and acceptance of Takaful and identify the factors influencing these aspects. The research methodology involved a survey of Sri Lankan consumers, with data collected through questionnaires. The findings indicate that although there is a rising demand for Takaful in Sri Lanka, a significant number of individuals remain either unaware of it or are hesitant to utilize it due to misconceptions. The study suggests that enhancing awareness and comprehension of Takaful could foster greater participation in this form of insurance in Malaysia. Future research should investigate the reasons for the lack of engagement with Takaful and explore strategies to promote insurance literacy and engagement.
Analysis of the Performance of Rural Sharia Banks in Indonesia During the Covid-19 Pandemic Rizal, Fitra
Invest Journal of Sharia & Economic Law Vol. 3 No. 1 (2023)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v3i1.6025

Abstract

Covid-19 has a significant impact on the economy, including the Islamic financial industry in Indonesia. So, research on the performance of Islamic banks, including the performance of Islamic banks in Indonesia is very interesting to study. This study aims to determine the level of performance of BPRS in Indonesia during the Covid-19 pandemic in 2019-2021, based on OJK Circular Letter; SEOJK number 28/SEOJK.03/2019. This study uses qualitative descriptive methodology. The results of the study show that the average CAR ratio of BPRS in 2019-2021 is 23.46 percent, which indicates that BPRS is very healthy. The average NPF ratio of BPRS in 2019-2021 is 7.08 percent, which indicates that BPRS is healthy. And the average ROA ratio of BPRS in 2019-2021 is 2.11 percent, which indicates that BPRS is very healthy. Based on the above research results, the performance of BPRS in Indonesia during the Covid-19 pandemic was exceptional. This means that BPRS in Indonesia can continue to operate intact even under sluggish economic conditions. This shows that the performance of BPRS in Indonesia during the Covid-19 pandemic is in the healthy and stable category. This emphasizes that Islamic banks are resilient in the face of an economic crisis. Therefore, it is expected that bank management should always improve the performance of BPRS by paying attention to the capital aspect, asset quality aspect, income aspect, and liquidity aspect.
The Relevance of Monzer Kahf's Views on Islamic Banking in Indonesia Wijaya, Buana Handa; Dzukha Asyiqin, Akbar; Marno Rahayu, Sherly
Invest Journal of Sharia & Economic Law Vol. 3 No. 1 (2023)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v3i1.5875

Abstract

This article aims to analyze the relevance of Monzer Kahf's view of Islamic banking to the development of Islamic banking in Indonesia, with a particular focus on Bank Syariah Indonesia (BSI). Although Islamic banking has grown rapidly in Indonesia, there are still challenges in understanding the factors that influence its success and how these banks can serve the community more effectively. To achieve this goal, the method used is library research, which aims to collect some information obtained through books, journals and online media that have relevance to the topic with Monzer Kahf's Islamic banking thinking and secondary data on the development of Bank Syariah Indonesia. The results of the analysis show that some of the key factors identified by Monzer Kahf, such as increasing the form of deposits, improving the quality of customer service, expanding the banking service base, capital protection, and providing social and humanitarian services, are very relevant in the context of the development of Islamic banks in Indonesia. Bank Syariah Indonesia, as the largest Islamic bank in Indonesia, plays an important role in driving the country's economic growth. In addition, the bank is also expected to improve its social services to the community through various aspects, including education, health, environment and renewable energy. In conclusion, Monzer Kahf's views on Islamic banking are highly relevant to the development of Islamic banking in Indonesia.
Ekonomi Dalam Pandangan Islam dan Perannya Dalam Peningkatan Daya Saing Sumber Daya Manusia Suminto, Ahmad; Ramdani Harahap, Soritua Ahmad; Zulqurnaini, Ahmad Budi
Invest Journal of Sharia & Economic Law Vol. 1 No. 1 (2021): INVEST - Vol. 1 No. 1 (2021)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v1i1.2564

Abstract

This study aims to explain the economy from an Islamic perspective: and its role in increasing human resources and the economic development of Islam. This study uses a library research method with a descriptive-analytic qualitative approach, namely explaining and describing the object of research and then analyzing it from the perspective of the Islamic economic system. The results of this study indicate that, First, Islam views the economy as implemented with an attitude towards property ownership, absolute ownership of everything on earth belongs to Allah SWT. Human ownership is only relative, limited to carrying out the mandate of managing and utilizing according to His provisions. The status of assets in Islam is a mandate or deposit (as a truth) from Allah SWT to humans who have the capacity to be His creatures. Meanwhile, from the point of view of monotheism, humans as economic subjects are only limited to trustees. Second, the concept of Islamic economic development demands and makes humans to awaken human nature, namely the birth of a balance between happiness in the world and in the hereafter. This role has implications for the concern for development in Islam itself which emphasizes both physical and metaphysical elements. In addition to physical indicators, Islamic development also pays close attention to moral and spiritual aspects that are not shared by conventional development focus. The concepts of tawhid, khilafah, and 'are inseparable from the foundations of economic development in Islam. 
Eksistensi Fatwa No.21/DSN-MUI/X/2001 Pada Asuransi Jiwa Syariah di PT. Prudential Life Assurance Cabang Ponorogo Pertiwi, Linda; Abidah, Atik
Invest Journal of Sharia & Economic Law Vol. 1 No. 1 (2021): INVEST - Vol. 1 No. 1 (2021)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v1i1.2567

Abstract

This article aims to review the implementation of Fatwa No. 21 / DSN-MUI / X / 2001 concerning General Guidelines for Sharia Insurance in Insurance Institutions. Sharia life insurance is a type of life insurance whose application is based on the provisions of Islam. PT. Prudential Life Assurance is a sharia life insurance company. In carrying out its activities to develop customer funds, PT. Prudential Life Assurance invests. In practice, the investment and insurance percentage determination is carried out unilaterally by the agent. Determining the percentage of this investment will affect customers' cash value claims that do not match the illustration. More specifically, in this connection, the author will analyze two aspects. First, the analysis of Fatwa No.21 / DSN-MUI / X / 2001 regarding the General Guidelines for Islamic Insurance on the implementation of the investment system at PT. Prudential Life Assurance Ponorogo Branch? Second, the analysis of Fatwa No.21 / DSN-MUI / X / 2001 regarding the General Guidelines for Islamic Insurance on the payment of cash value claims for customers at PT. Prudential Life Assurance Ponorogo Branch? The author's type of research is field research using qualitative methods, while the data collection techniques used are interviews and documentation. The analysis used uses the deductive method, namely a discussion that begins with presenting arguments, theories or provisions that are general and then put forward a specific fact. From this research, it can be concluded that the implementation of the investment system at PT. Prudential Life Assurance at the Ponorogo branch is only limited to administration. Where the agent determines the percentage of insurance and investment unilaterally to get a hefty fee, this is not following the DSN fatwa No.21 / DSN-MUI / X / 2001, which reads "investment must be made under sharia." Meanwhile, regarding the payment of cash value claims from customers that do not match the illustration, it follows the DSN fatwa No.21 / DSN-MUI / X / 2001, which reads "different claims in the amount according to the premium paid."
Jiwa Enterprenur dan Etika Bisnis Islam Santri Gontor Dalam Mengembangkan Air Mineral Amidas Iriani, Dewi; Mufidah, Lailatul; Rosyid Ridho, Muhammad
Invest Journal of Sharia & Economic Law Vol. 1 No. 1 (2021): INVEST - Vol. 1 No. 1 (2021)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v1i1.2630

Abstract

This article aims to determine the Darussalam Gontor Modern Islamic Boarding School's efforts in shaping the entrepreneurial spirit of the santri? Second, how is the development of Amidas Gontor Mineral Water in the perspective of Islamic Business Ethics? This article using field research (field research), the method used in this study using a qualitative approach, namely the author obtains data directly from sources from teachers/managers and students of the Darrusalam Gontor Islamic boarding school, Ponorogo. Research results 1) The Darussalam Gontor modern cottage's efforts in shaping the entrepreneurial spirit of the Santri, which are taught, have five characteristics, namely: confidence is cultivated to the students, by giving confidence in carrying out the production of Amidas Gontor brand mineral water—having continuous and innovative initiatives, in developing the business unit it holds and having achievement motives, which can provide the students with provisions to apply what they have learned after becoming alumni regarding entrepreneurship. The spirit of leadership, where the alumni who serve are entrusted to manage Amidas Gontor. Dare to take calculated risks, introduce the entrepreneurial results of the santri, events and expos are often held in the cottage, apart from the students, caretakers, guardians of Santri, and the wider community. 2) Development of Gontor Amidas mineral water in the perspective of Islamic business ethics principles; Unity/State; Obedience to worship is a belief in the existence of one God. Balance (Justice); evenly distributed. Free Will, done verbally for the Ponorogo area, the outer island area is done through an online application. The Pondok Gontor party is responsible for compensating for damage to the Ponorogo area outside the island. 3) Virtue: Truth and Honesty. Honest and true in establishing partnerships with agents, shops, distributors, retailers of mineral water Amidas.
Problematika Implementasi Perjanjian Dalam Kerjasama dan Bagi Hasil Di Bengkel Las Semoyo Jaya: Sebuah Tinjauan Hukum Islam Santoso, Lukman; Lestari, Devi Indah
Invest Journal of Sharia & Economic Law Vol. 1 No. 1 (2021): INVEST - Vol. 1 No. 1 (2021)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v1i1.2631

Abstract

A cooperation is an agreement between two or more people to do business and achieve common goals. Cooperation can be necessary for human life, considering that humans are social creatures who need each other. People in various circles have practiced cooperation in various fields. In various cooperation practices, there are often deviations from the agreement when initially making cooperation. This article explores the problems of implementing the cooperation agreement at the Semoyo Jaya welding workshop in a review of Islamic law. By using a qualitative approach and field research methods. Meanwhile, for data collection, using observation and interview techniques. This research concluded that the implementation of the cooperation agreement at the Semoyo Jaya welding workshop was not following the principles and elements of the agreement, namely, not fulfilling any of the rights and obligations contained in the contract. Meanwhile, the profit-sharing does not meet one of the syirkah inan requirements because one party is arbitrary in providing profits to the other party. This research can contribute practically to the parties that carry out cooperation to fulfill the agreement's terms based on Islamic legal values.
Pola Penyelesaian Sengketa Waralaba Produk Teh Poci Di Ponorogo Djayadi, Haris
Invest Journal of Sharia & Economic Law Vol. 1 No. 1 (2021): INVEST - Vol. 1 No. 1 (2021)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v1i1.2635

Abstract

The purpose of this study is first to find out the pattern of dispute resolution in the franchise practice of Teh Poci, the second is to describe what the ideal pattern should be. In accordance with the characteristics of the existing problems, the most relevant form of approach to analyzing the above problems is empirical legal research. This research sees law as a reality in society, meaning how the law is practiced. The settlement of default on the agreement in the Tea Poci product franchise business in Ponorogo is the cancellation of the contract as a result of default and is settled on the principle of peace, namely by consulting and negotiation techniques. Ideally, under such a mechanism the franchisor should develop an internal procedure for handling complaints. However, this procedure is not stipulated in the franchise agreement and meets certain minimum standards. This standard should provide a procedure for resolving disputes. If a dispute arises, either party can initiate a complaint handling procedure under the Code of Conduct, or under a franchise agreement.

Page 4 of 13 | Total Record : 125

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