Al-Muamalat : Jurnal Ekonomi Syariah
Al-Muamalat: Jurnal Ekonomi Syariah is a journal that focuses on the development of Islamic Economics. The journal comprehensively examines various aspects of current and emerging laws and economics relevant to the field. The journal board welcomes articles from scholars, professionals, researchers, and students as a collective effort toward the advancement of Islamic economics, submitted manuscripts will be published and disseminated. The journal releases new issues twice annually, in January and July. Al-Muamalat: Jurnal Ekonomi Syariah focuses on the main issues in the development of Islamic Economics, covering conceptual ideas and research findings related to the following areas: 1. Islamic Economics Law 2. Islamic Banking and Finance 3. Islamic Business 4. Islamic Law 5. Islamic Marketing 6. Islamic Philanthropy 7. Islamic Human Capital 8. Halal Supply Chain Management 9. Halal Industry 10. Other Topics Related to Islamic Economics
Articles
228 Documents
<![CDATA[FIKIH MUAMALAH REVIEW OF AIRDROP BUSINESS ACTIVITIES USING DIGITAL ASSETS CRYPTOCURRENCY ]]>
<![CDATA[Ibnu Mutakhir]]>;
<![CDATA[Dedi Sunardi]]>
<![CDATA[ Al-Muamalat: Jurnal Ekonomi Syariah Vol 11, No 1 (2024): January ]]>
Publisher : <![CDATA[Department of Sharia Economic Law, Faculty Sharia and Law, UIN Sunan Gunung Djati Bandung ]]>
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DOI: 10.15575/am.v11i1.31842
<![CDATA[This research is provided to examine cryptocurrency airdrop business activities as Hibah contracts in Fiqh muamalah, focusing on the Sharia framework and legal provisions in Indonesia. The main goal is to promote the promotion of new cryptocurrencies and increase the liquidity and value of cryptocurrencies. The research method used is the juridical normative research method, which specifically explores the implementation of norms, rules, and regulations contained in positive law and Islamic law. The research results confirm that the cryptocurrency airdrop business activities according to Fiqh Muamalah require fulfillment of the terms and conditions of the grant agreement, Ijarah agreement, and compliance with national legal provisions. In implementing an airdrop, crucial aspects such as the type of cryptocurrency being distributed, strict terms and conditions, and airdrop security are the main focus. Considering all these elements, it is hoped that cryptocurrency airdrop business activities can run efficiently and provide optimal benefits for all parties involved.]]>
<![CDATA[Sharia fintech: Crowdfunding as MSMEs financing ]]>
<![CDATA[Hilma Rohmatul Ummah]]>;
<![CDATA[Adang Sonjaya]]>;
<![CDATA[Jujun Jamaludin]]>
<![CDATA[ Al-Muamalat: Jurnal Ekonomi Syariah Vol 11, No 1 (2024): January ]]>
Publisher : <![CDATA[Department of Sharia Economic Law, Faculty Sharia and Law, UIN Sunan Gunung Djati Bandung ]]>
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DOI: 10.15575/am.v11i1.28808
<![CDATA[Fintech equity crowdfunding is now available in Indonesia, providing an alternative option for MSMEs to raise capital. As the majority of Indonesia's population is Muslim, sharia-based fintech equity crowdfunding is a more suitable option for those seeking funding according to Islamic principles. This system has the potential to be a capital solution for MSMEs more simply and ethically. This research aims to explore the potential of Sharia crowdfunding as an effective means for MSMEs to expand their business operations, ultimately contributing to broader economic sector improvements in Indonesia. Additionally, it assesses the conformity of this practice with OJK regulations and Fatwa DSN-MUI, as well as its compliance with Sharia principles. The descriptive-analytical method is employed, analyzing various documents and texts from various sources. The results indicate that Sharia-based fintech, particularly in the form of crowdfunding, can be an effective means for MSMEs to obtain capital through online platforms. Crowdfunding also presents opportunities for investors who wish to contribute to the funding of MSMEs in a manner that aligns with Sharia principles.]]>
<![CDATA[How to Build Online Consumer Trust in an Islamic Perspective Through TikTok Live Streaming Shopping ]]>
<![CDATA[Fadhilah Fadhilah]]>;
<![CDATA[Galih Ginanjar Saputra]]>;
<![CDATA[Tri Wahyudi]]>;
<![CDATA[Muhamad Fakhrudin]]>
<![CDATA[ Al-Muamalat: Jurnal Ekonomi Syariah Vol 11, No 1 (2024): January ]]>
Publisher : <![CDATA[Department of Sharia Economic Law, Faculty Sharia and Law, UIN Sunan Gunung Djati Bandung ]]>
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DOI: 10.15575/am.v11i1.33794
<![CDATA[This research aims to explore the importance of paying attention to Islamic values in marketing activities and how to choose streamers of TikTok live streaming who are by the Sharia perspective as well as effective marketing techniques to build consumer trust and consumer purchase decisions. The data analysis method used in this study is an interactive data analysis model developed by Miles and Huberman. Data analysis for qualitative purposes is carried out interactively. Based on the results and discussions described earlier, it can be concluded that Islamic values related to the five guidelines of muamalah play an important role in building consumer trust and purchase decisions in TikTok live streaming shopping in Indonesia. There has been no research that uses the 5 Muamalah Guidelines approach in using TikTok Live Streaming Shopping in Indonesia. The subjects studied were only respondents who had followed live-streaming shopping on the TikTok platform in Indonesia. This research has implications for entrepreneurs who want to sell their products through live streaming on the TikTok platform. Principle 5 Muamalah guidelines can not only be applied in social life but also need to be internalized in business activities.]]>
<![CDATA[Strategies for Improving the Economy of Creative MSMEs Communities in Bamboo Crafts in Binjai City from an Islamic Economic Perspective ]]>
<![CDATA[Anggia Nurulita]]>;
<![CDATA[Nurbaiti Nurbaiti]]>;
<![CDATA[Muhammad Ikhsan Harahap]]>
<![CDATA[ Al-Muamalat: Jurnal Ekonomi Syariah Vol 11, No 1 (2024): January ]]>
Publisher : <![CDATA[Department of Sharia Economic Law, Faculty Sharia and Law, UIN Sunan Gunung Djati Bandung ]]>
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DOI: 10.15575/am.v11i1.34281
<![CDATA[In developing countries, MSMEs represent the largest economic sector capable of absorbing a significant proportion of the labor force. Currently, MSMEs are driven by a wave of creative economy that transforms natural resources that have no economic value into high-value products. As a result, people's income increases due to this economic activity. One of the creative MSMEs, the bamboo craft industry in Binjai city, is known as the center of the bamboo craft industry. However, the overall income of MSME players in the area has not shown a significant increase. This research aims to analyze the business strategies used and view them from an Islamic economic perspective. The research method is qualitative research with a SWOT analysis. Primary data was obtained from 10 bamboo craft MSME players in Binjai, while secondary data came from scientific publications and BPS of Binjai city. The results indicated that the business strategy employed by bamboo craft MSMEs in Binjai City is consistent with Islamic economic principles. The strategy derived from the SWOT analysis is the SO strategy, which focuses on capitalizing on market opportunities and optimizing strengths for product development. This research offers insights into how the creative economy can drive MSMEs and enhance community income, as well as how business strategies can be aligned with Islamic economic values to achieve sustainable success.]]>
<![CDATA[The SWOT Analysis of Halal Industry in Indonesia: NVIVO Study and Literature Review ]]>
<![CDATA[Rohmadi Rohmadi]]>;
<![CDATA[Doni Yusuf Bagaskara]]>;
<![CDATA[Ulvi Faiqotul Hikmah]]>
<![CDATA[ Al-Muamalat: Jurnal Ekonomi Syariah Vol 11, No 1 (2024): January ]]>
Publisher : <![CDATA[Department of Sharia Economic Law, Faculty Sharia and Law, UIN Sunan Gunung Djati Bandung ]]>
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DOI: 10.15575/am.v11i1.33586
<![CDATA[This study aims to determine the SWOT analysis of the halal industry in Indonesia using a mix method, namely the NVIVO analysis method and literature review studies. Research samples are news articles from trusted sources and national and international journals. From the study results, it was found that the words halal, industry, Indonesia, and product became the dominant words appearing in the discussion of the halal industry. There are four main topics discussed, namely strengths, weaknesses, opportunities, and challenges of the halal industry. The strongest relationship occurs between the challenges of the halal industry and the strength of the halal industry (0.840396), and the weakest between the opportunities of the halal industry and the challenges of the halal industry (0.542586). The results of the literature review show that the strengths and opportunities outweigh the weaknesses and challenges so that the halal industry in Indonesia is feasible to run. The implication of this study is to provide an overview of the topic of the halal industry and the feasibility of the halal industry in Indonesia. It is expected to be used as a reference for prospective entrepreneurs in the halal industry and related policy stakeholders to maximize the halal industry in Indonesia.]]>
<![CDATA[Productive Zakat Model: Economic Empowerment for Post-COVID-19 Recovery in Indonesia ]]>
<![CDATA[Moh. Musfiq Arifqi]]>;
<![CDATA[Ayi Sofyan]]>;
<![CDATA[Dewi Mayaningsih]]>;
<![CDATA[Rizka Fitriyah]]>
<![CDATA[ Al-Muamalat: Jurnal Ekonomi Syariah Vol 11, No 1 (2024): January ]]>
Publisher : <![CDATA[Department of Sharia Economic Law, Faculty Sharia and Law, UIN Sunan Gunung Djati Bandung ]]>
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DOI: 10.15575/am.v11i1.33518
<![CDATA[Indonesia's economic landscape has been significantly impacted by the COVID-19 pandemic, both at micro and macro levels. To address these challenges, it is imperative to implement optimal and sustainable financial management strategies. Given Indonesia's predominantly Muslim population, the development of an Islamic financial system, including the use of Zakat as a distribution instrument, holds great potential. As an obligation for Muslims, Zakat can be a highly productive means of addressing the country's economic challenges. This study proposes a model for economic empowerment through productive Zakat to effectively address the impact of the COVID-19 pandemic on the Indonesian economy. The research methodology utilized a library research approach with descriptive qualitative methods. Data was meticulously collected from various sources including books, articles, journals, news, homepages, and other scientific references. The management of productive Zakat has great potential for contributing to the economic recovery of Indonesia after the COVID-19 pandemic. Productive Zakat involves an economic empowerment model that has personal and spiritual dimensions, and its impact on social life is significant. The management of productive Zakat is a support system for the better and sustainable development of Indonesia's economy.]]>
<![CDATA[Analysis of Environmental Performance and Tax Aggressiveness on CSR Disclosure: A Study of PROPER KLH Companies in the Indonesian Sharia Stock Index 2017-2022 ]]>
<![CDATA[Ahmad Rizqi Makinudin]]>;
<![CDATA[Ali Rama]]>;
<![CDATA[Zuhairan Yunmi Yunan]]>
<![CDATA[ Al-Muamalat: Jurnal Ekonomi Syariah Vol 11, No 2 (2024): July ]]>
Publisher : <![CDATA[Department of Sharia Economic Law, Faculty Sharia and Law, UIN Sunan Gunung Djati Bandung ]]>
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DOI: 10.15575/am.v11i2.34015
<![CDATA[This study investigates the factors influencing Corporate Social Responsibility (CSR) disclosure among companies listed in the PROPER KLH within the Indonesian Sharia Stock Index (ISSI) from 2017 to 2022. Utilizing a quantitative approach, the research employs secondary data and panel data regression analysis. The results reveal that environmental performance, company age, and tax aggressiveness significantly affect CSR disclosure, as measured by the Global Reporting Initiative (GRI) index. These findings underscore the crucial role of these factors in shaping a company's commitment to social and environmental responsibilities, while also highlighting the complex dynamics between corporate actions and their environmental impact. Companies with strong environmental performance not only contribute positively to the planet but also enhance their long-term reputation. The relationship between tax aggressiveness and CSR disclosure suggests a significant interplay between financial strategies and ethical considerations in corporate decision-making. This underscores the need for a comprehensive approach to corporate governance that integrates financial objectives with ethical responsibilities. Consequently, policymakers and stakeholders should leverage these insights to develop more effective regulations and incentives that promote responsible corporate conduct.]]>
<![CDATA[Efficient Market Analysis of Jakarta Islamic Index (2019-2023) ]]>
<![CDATA[Rahma Aulia Sidik]]>;
<![CDATA[Wiku Suryomurti]]>;
<![CDATA[Soon Yong Ang]]>
<![CDATA[ Al-Muamalat: Jurnal Ekonomi Syariah Vol 11, No 2 (2024): July ]]>
Publisher : <![CDATA[Department of Sharia Economic Law, Faculty Sharia and Law, UIN Sunan Gunung Djati Bandung ]]>
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DOI: 10.15575/am.v11i2.35193
<![CDATA[This study aims to analyze the efficient market form of the Jakarta Islamic Index. The methodology used is an event study with a window period of 20 days, including ten days before and ten days after the announcement of composition changes held twice a year. The sample consists of 102, with 30 companies listed during the study period and 36 companies excluded and re-listed following the composition change announcements. The analysis technique used is the Paired Sample T-test. The findings reveal no differences in abnormal returns and trading volume activity before and after the announcement. This suggests that the market had already absorbed the announcement information before the event, resulting in a weak reaction and indicating that the announcement did not significantly impact the Jakarta Islamic Index. This implies that the index operates in a semi-strong form of market efficiency. Consequently, companies listed in the index may need additional strategies to improve their stock performance. To provide further insight, this study also examines the average stock trading activity of companies that enter and exit the composition of the Jakarta Islamic Index for the 2019-2023 periods.]]>
<![CDATA[Market Share Factors of Sharia Banks in Indonesia and Malaysia ]]>
<![CDATA[Hawa Gazani]]>;
<![CDATA[Binti Nur Asiyah]]>;
<![CDATA[Nurul Hidayah]]>
<![CDATA[ Al-Muamalat: Jurnal Ekonomi Syariah Vol 11, No 1 (2024): January ]]>
Publisher : <![CDATA[Department of Sharia Economic Law, Faculty Sharia and Law, UIN Sunan Gunung Djati Bandung ]]>
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DOI: 10.15575/am.v11i1.33550
<![CDATA[This research aims to examine the relationship between the market share of sharia banks in Malaysia and Indonesia simultaneously as a function of profit sharing, number of offices, and Third-Party Funds (TPF), with Return on Assets (ROA) as an intermediary variable. Both countries have similarities in being a country with a Muslim majority population and implementing a dual banking system. The annual financial reports of Sharia banks in Indonesia and Malaysia from 2016–2021 are the secondary data source for this quantitative research. A technique called path analysis is used. According to research, there is no statistically significant relationship between TPF and market share. The market share of Sharia banks is strongly influenced by profit sharing. Market share is strongly influenced by the number of offices. The impact of TPF on ROA-based market share is not significant. ROA is the main mechanism by which profit sharing affects market share. Through the ROA of Sharia banks, the number of offices influences market share. If Sharia banks want to maximize income, grow their overall assets, and increase their market share, then Sharia banks must think about how to manage TPF more effectively and efficiently, based on the conclusions of this research.]]>
<![CDATA[Overcoming Intellectual Unemployment through Entrepreneurship Learning Transformation: A Case Study on Sharia Economic Law Study Program of Unismuh Makassar ]]>
<![CDATA[Fakhruddin Mansyur]]>;
<![CDATA[Jasri Jasri]]>;
<![CDATA[Mowafg Masuwd]]>
<![CDATA[ Al-Muamalat: Jurnal Ekonomi Syariah Vol 11, No 2 (2024): July ]]>
Publisher : <![CDATA[Department of Sharia Economic Law, Faculty Sharia and Law, UIN Sunan Gunung Djati Bandung ]]>
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DOI: 10.15575/am.v11i2.34562
<![CDATA[The number of job vacancies in Indonesia is still far less than the number of job seekers every year. This shows the inability of both the government and companies to create job opportunities for generation Z in Indonesia and at the same time emphasizes that educational institutions are not able to create an easy generation that is careful about entrepreneurship, even though the level of young entrepreneurs is one of the benchmarks of a developed country. The aim of this research is to find a formula for increasing the entrepreneurial spirit of Generation Z through effective entrepreneurship learning. The type of research used is field research with a quantitative approach. The object of this research is students and graduates of the Unismuh Makassar Sharia Economic Law Study Program. The results of this study indicate that of the two variables studied, namely human resources in this case are lecturers (X1) and entrepreneurship learning (X2) it is known that the variable X1 does not influence the growth of student entrepreneurial spirit while entrepreneurship learning has a positive and significant effect on growth. student entrepreneurial spirit. So, it can be concluded that to build and foster the entrepreneurial spirit of students there needs to be improvement and great attention to the entrepreneurship learning process which is capable of being a means of creating Generation Z who are fond of entrepreneurship.]]>
