cover
Contact Name
Aam Slamet Rusydiana
Contact Email
aamsmart@gmail.com
Phone
+6289513117552
Journal Mail Official
smartinsight.id@gmail.com
Editorial Address
Jl. Bogor Baru No No.A. 4, RT.08/RW.09, 8, Tegallega, Kecamatan Bogor Tengah, Kota Bogor, Jawa Barat 16129
Location
Kota bogor,
Jawa barat
INDONESIA
Ekonomi Islam Indonesia
Published by Smart Insights
ISSN : -     EISSN : 27156346     DOI : -
Ekonomi Islam Indonesia adalah publikasi ilmiah yang diterbitkan oleh SMART Insight yang berada di bawah lembaga riset SMART Indonesia. Sharia Economic Applied Research and Training (SMART) adalah lembaga penelitian di Indonesia yang fokus pada riset seputar ekonomi dan keuangan Islam.
Articles 65 Documents
Shariah Fintech: An Analysis of Twitter Sentiment Aam Slamet Rusydiana; Aisyah As-Salafiyah
Ekonomi Islam Indonesia Vol. 4 No. 2 (2022): Ekonomi Islam Indonesia
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/eii.v4i2.98

Abstract

This research was conducted to review the perception of sharia fintech within the scope of the sharia economy from the perspective of sentiment research on Twitter social media users in response to the development of sharia fintech. The method used in this study is a qualitative approach with descriptive statistics from the literature study in the form of 2131 Twitter tweets. A Python library software called VADER (Valence Aware Dictionary and Sentiment Reasoner) is used to classify tweets. Sentiment analysis results tend to perceive neutral sentiment at 80.8%, positive sentiment at 16.2%, and negative sentiment at 3.0%. The diversity of sentiment results shows that there are pros and cons to the development of sharia fintech. The benefits of this research are literature and considerations related to the development of sharia fintech and efforts to identify weaknesses and threats in the form of negative perceptions of the implementation of sharia fintech. In addition, to find out positive perceptions, strengths, potential, and benefits of Islamic fintech. This research is the first comprehensive study to discuss sentiment analysis on sharia fintech themes with Twitter tweet data. Suggestions for further research and recommendations are listed.
The Impact of Macroeconomic Variables on IHSG and JII: An ARDL Approach Dito Prakoso
Ekonomi Islam Indonesia Vol. 4 No. 2 (2022): Ekonomi Islam Indonesia
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/eii.v4i2.119

Abstract

The Islamic capital market plays an important role in the growth of the economy in Indonesia. During its development, the performance of the stock index in a country is often influenced by other stock indices in other countries. This study tries to analyze dependance of macroeconomic variable towards Jakarta Islamic Index (JII) and Indonesia Composite Index (IHSG), using Autoregression Distributed Lag (ARDL). The results show that in a short term, the US S&P 500 and Singapore STI price index significantly affect both of the JII and IHSG price index. Also, the exchange rate and crude oil price significantly affect the JII and IHSG, respectively. In a long term, the money supply, exchange rate and Singapore STI price index significantly affect the IHSG.
Sentiment Analysis on Islamic Capital Market during Covid-19 Pandemic Siti Salmah; Siti Maysyaroh; Tri Nadia
Ekonomi Islam Indonesia Vol. 4 No. 2 (2022): Ekonomi Islam Indonesia
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/eii.v4i2.127

Abstract

This research was conducted to examine the Islamic capital market during the COVID-19 pandemic in Indonesia and in terms of scientific research in the journal published by Dimension. The method used is descriptive bibliometric statistical analysis and sentiment analysis from secondary data in the form of 203 papers published in the last 3 years, 2020 to 2022, then processed using VOSViewer, Microsoft Excel 2019 and SentiStrength. The results showed that bibliometric mapping was divided into 3 clusters; cluster 1 consists of 8 topics, cluster 2 consists of 11 topics and cluster 3 consists of 7 topics. Sentiment analysis from the literature shows good sentiment (positive) by 30%, bad sentiment (negative) by 21%, neutral sentiment by 48%, and the rest has a High Negative sentiment of 1%. This study found that during the pandemic the Islamic capital market trend fluctuated but still showed positive performance.
Systematic Review on Sharia Supervisory Board in Islamic Banking Nadiyah Mu’adzah
Ekonomi Islam Indonesia Vol. 4 No. 2 (2022): Ekonomi Islam Indonesia
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/eii.v4i2.134

Abstract

This study aims to determine previous research trends on Sharia Supervisory Board (SSB), assess the relationship of research collaboration, and identify future research directions. It uses 147 Scopus articles regarding to sharia supervisory board that were published between 2004 and 2023, using a Bibliometric method and Systematic Literature Review (SLR). The data that has been collected for this study is processed using VosViewers software to produce results that can be analyzed. It is known that four sub-themes dominate the research related to the sharia supervisory board: the relationship between SSB to sharia banking performance, sharia financial management, sharia governance compliance, and sharia audit effectiveness. This study can be used as a guide for determining influential writers, journals, organizations, and countries, making it simpler for future scholars to locate sources that had a substantial influence on the growth of the sharia supervisory board literature. This result may also have implications for regulators to re-evaluate the effectiveness of the structure and performance of the SSB to control and oversee Islamic bank governance. It is hoped that researchers, practitioners and regulators will collaborate to improve the sharia supervisory board's quality in both theory and practice.
The Influence of Monetary Policy Instruments on Economic Growth in Indonesia: Comparison between Islamic and Conventional Monetary Instruments Ririn Riani; Imron HR
Ekonomi Islam Indonesia Vol. 4 No. 2 (2022): Ekonomi Islam Indonesia
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/eii.v4i2.146

Abstract

Monetary policy has an important role in a country's economy. The central bank plays a role in carrying out monetary policy for price stability through various mechanisms. This study aims to determine the contribution of conventional and Islamic monetary instruments to economic growth in Indonesia. This study uses time series data from January 2013 to December 2020 and is analyzed using the Vector Error Correction Model (VECM) method. From the results of the analysis that has been carried out, it can be seen that in the long run, interest rates, exchange rates, the Islamic Interbank Money Market (PUAS), and Bank Indonesia Sharia Certificates (SBIS) have a significant effect on economic growth. IRF results show that exchange rates react negatively to shocks from GDP over 48 periods. The FEVD results show that the interbank money market (PUAB) has the most significant contribution after GDP in explaining the 10 percent variability of economic growth.
Proposing Green Waqf Development Strategy in Protecting Land Ecosystems in Indonesia: An Interpretive Structural Modeling Approach Mohammad Iqbal Irfany; Sri Rahayu Ningsih; Qoriatul Hasanah; Aam Slamet Rusydiana
Ekonomi Islam Indonesia Vol. 5 No. 1 (2023): Ekonomi Islam Indonesia
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/eii.v5i1.201

Abstract

Climate change and terrestrial ecosystems are one of the important things in sustainable development goals (SDGs). In Indonesia, there are about 14 million critical lands (The Ministry of Environment and Forestry, 2018) that motivated the formation of several innovative financing to utilize critical lands, including the Green Waqf Movement since August 2021. This study aims to describe, identify key sub-elements, and analyze the Green Waqf development strategy in maintaining terrestrial ecosystems in Indonesia through the Interpretive Structural Modeling (ISM) approach. The results show that several key aspects in the constraint element are the lack of professionalism of nazhir, the lack of low public literacy and the lack of education and socialization of Green Waqf in the development of Green Waqf. The main goal that needs to be achieved is the existence of legal support for Green Waqf. This study recommends Green Waqf development strategies by coordinating the Indonesian Waqf Board, WaCIDS, nazhir, The Ministry of Environment and Forestry, local governments and other related stakeholders to encourage the Green Waqf program. In addition, approaching and fostering good relationship between wakif, nazhir, and business (including SMEs) as well as developing a number of green product development programs are also important.
Monetary Stability under Dual Banking System before Covid-19 Pandemic in Indonesia Irfan Nurfalah; Ahlis Fatoni
Ekonomi Islam Indonesia Vol. 5 No. 1 (2023): Ekonomi Islam Indonesia
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/eii.v5i1.229

Abstract

The Indonesian monetary authority or the Central Bank of Indonesia has established a policy in accordance with the constitution No. 3 in 2004, the monetary policy taken by Central Bank of Indonesia is the inflation targeting framework (ITF). To achieve this, Central Bank of Indonesia established intermediary policies which are regulating the volume of the money supply, stipulating the minimum reserves banking and regulating credit or financing. From some of these intermediary policies, the authors are interested in researching monetary policy in the dual monetary system in Indonesia, where the instruments used by each monetary system are different, so which system is the most stable and sustains Indonesia's growth and which system is the best to achieve ITF goals. The method used is Autoregressive Distributed Lag (ARDL) with data from 2010-sep 2018. The results show that the instruments used in conventional monetary systems based on interest rates have no influence on economic growth, whereas instruments in the Islamic monetary system have an influence on economic growth.
Has Covid-19 Pandemic had an Impact on the Productivity of Indonesia Zakat Institutions? Mimma Maripatul Uula; Nun Maziyyah
Ekonomi Islam Indonesia Vol. 5 No. 1 (2023): Ekonomi Islam Indonesia
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/eii.v5i1.245

Abstract

This study aims to measure the productivity of zakat institutions in Indonesia using the Malmquist Productivity Index (MPI) method with the research period 2016-2022. The research objects used are 7 zakat institutions in Indonesia. The data of this study comes from the annual financial statements of each institution from the period 2016-2022. The input variables in this study are employee costs, operational costs and total assets. And for the output variable is the collection and distribution of zakat. The results of this study explain that during the period 2016-2022, the productivity level of zakat institutions in Indonesia has a fluctuating trend from year to year. Based on the average TFPCH score, it is concluded that the productivity of zakat institutions shows a decline and technological change has not contributed optimally to the increase in the productivity of zakat institutions in Indonesia. Furthermore, the productivity of Zakat Institutions during the Covid-19 pandemic has a significant influence on the productivity level of LAZ in Indonesia. Then, there are only two LAZs that have increased productivity, namely BAMUIS BNI and YBM PLN. We also apply quadrant analysis to divide zakat institutions based on efficiency and technological changes value.
The Relationship of Attitude, Perceived Behavioral Control, Subjective Norm on Halal Food Purchasing Behavior on Indonesian Muslim Millennials Siti Salmah; Anwar Adem Shikur
Ekonomi Islam Indonesia Vol. 5 No. 1 (2023): Ekonomi Islam Indonesia
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/eii.v5i1.258

Abstract

Currently, halal food is one of the interesting topics to research, especially in Indonesia, because halal food has great potential and contribution in the halal sector. This study aims to examine the purchasing behavior of halal food among generation z Muslims in Indonesia. Respondents were randomly selected from generation z Muslims who consume halal food through questionnaires, resulting in 179 respondents. This study uses Structural Equation Modeling (SEM), showing a positive and significant relationship between attitude and purchase intention, perceived behavioral control and purchase intention, perceived behavioral control and satisfaction, purchase intention and satisfaction. This is in accordance with the Theory of Planned Behavioral applied in this study. Meanwhile, subjective norms and purchase intention showed a positive but insignificant relationship with the model tested. This study contributes to understanding halal food purchasing behavior, especially for generation z Muslims and the level of consumer satisfaction with these products and as an evaluation material for halal food entrepreneurs. Keywords: ; Z;
Twitter Sentiment Analysis on Halal Pharmaceutical Syahdatul Maulida; Mohammad Mahbubi Ali
Ekonomi Islam Indonesia Vol. 5 No. 1 (2023): Ekonomi Islam Indonesia
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/eii.v5i1.263

Abstract

This study aims to analyze public sentiment towards halal pharmacy and halal pharmaceutical concepts. The data used is primary data sourced from the Twitter social media platform, focusing on the topic of halal pharmacy and halal pharmaceuticals. This data was subsequently processed using the Python Library known as VADER. The research findings indicate that, in the context of halal pharmacy, the public exhibits a positive sentiment tendency of 54.4%, followed by a neutral sentiment at 28.4%, and a negative sentiment of 17.2%. The prominent keywords that frequently appear include pharmacy, halal, pharmacies, best halal, Muslim rage, halal condom, and pharmacy product. Furthermore, it is noted that Auckland, New Zealand, emerges as the location with the highest number of tweets, amounting to 35. In contrast, concerning the concept of halal pharmaceuticals, there is a tendency towards a neutral sentiment at 51.7%, followed by a positive sentiment at 39.2%, and lastly, a negative sentiment at 9.0%. The research results also reveal that the dominant keywords appearing in tweets related to halal pharmaceuticals include halal, halal pharmaceutical, pharmaceutical industry, pharmaceutical company, pharmaceutical product, Malaysia, Brunei pharmaceutical, and global halal. It is noteworthy that the country with the highest number of tweets discussing halal pharmaceuticals is Malaysia, with a total of 127 tweets.