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Contact Name
Yuli Andriansyah
Contact Email
yuliandriansyah@uii.ac.id
Phone
+6285369607374
Journal Mail Official
jurnal.lariba@uii.ac.id
Editorial Address
Gedung K.H. A. Wahid Hasyim, Kampus Terpadu UII, Jl. Kaliurang KM 14,5, Besi, Sleman, DI Yogyakarta, 55584
Location
Kab. sleman,
Daerah istimewa yogyakarta
INDONESIA
Journal of Islamic Economics Lariba
ISSN : 24774839     EISSN : 25283758     DOI : https://doi.org/10.20885/jielariba
Journal of Islamic Economics Lariba provides a platform for academicians, researchers, lecturers, students, and others having concerns about Islamic economics, finance, and development. The journal welcomes contributions on the following topics: Islamic economics, Islamic public finance, Islamic finance, Islamic accounting, Islamic business ethics, Islamic banking, Islamic insurance, Islamic human resource management, Islamic microfinance, Islamic capital market, and other relevant Islamic economic and financial studies.
Articles 30 Documents
Search results for , issue "Vol. 10 No. 2 (2024)" : 30 Documents clear
Analysis of futures trading on the Binance platform from the perspective of Fiqh Muamalah Zulkarnain , Rifki; Syibly, M. Roem
Journal of Islamic Economics Lariba Vol. 10 No. 2 (2024)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol10.iss2.art9

Abstract

IntroductionOne of the business transactions that developed in the digital era is futures trading. This type of transaction involves high risk where profit is obtained from the difference between buying and selling, with goods being delivered at a later date. Profits are obtained from price fluctuations on traded commodities. This type of futures trading is also done on the Binance platform. Many traders are interested in this type of trade but do not have sufficient knowledge and understanding, especially regarding Fiqh legality.ObjectivesThe study aims to explain the practice of futures trading on the Binance platform from the perspective of Fiqh Muamalah. MethodThis study is literature research with a juridical-normative approach that relates facts to futures trading cases.ResultsThe results of this study explain that futures trading on the Binance platform includes bay' al-şarf, a type of money trade in which money is obtained and delivered at a later date. ImplicationsFutures trading on the Binance platform in Fiqh Muamalah is prohibited because it involves elements of uncertainty (gharar) and speculation (maysir). The exchange rate is uncertain, which can cause one party to benefit and the other party to be harmed.Originality/NoveltyThis research contributes to the theory of Fiqh legality in future trading practices.
Cashless society trend: A bibliometric analysis and Islamic economic research opportunities Rabbani, Faiq Shidqi; Herman, Sebastian
Journal of Islamic Economics Lariba Vol. 10 No. 2 (2024)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol10.iss2.art4

Abstract

Introduction Rapid technological developments, especially in the banking sector, such as digital or non-cash payments, have encouraged people to switch from traditional cash transactions to non-cash transactions. This behavioral change has become a trend in a cashless society. Objectives This study aims to analyze the behavior of a cashless society based on publications indexed in the Scopus database. Method This study utilizes bibliometric analysis using R Biblioshiny to collect and analyze literature related to cashless society and Sharia principles. Results The results show a significant increase in publications related to the cashless society since 2015 until 2023. Additionally, the most analyzed documents include articles, conference papers, and books. Batiz Lazo B is the most cited and influential author and frequently used keywords include cashless society, economics, Malaysia, payment methods, technology adoption, digital payment, and others. Implications The study highlights the importance of the shift towards non-cash transactions, which offer significant benefits, underscoring the need for further research and development in the future. Originality/Novelty This research contributes to the recent literature on cashless society and its relations with Sharia-compliant practices in Muslim society.
The impact of non-performing financing and operational efficiency on the stability of Islamic banks in Persian Gulf countries Salsabilla, Lathifah Zaina; Jaya, Tiara Juliana
Journal of Islamic Economics Lariba Vol. 10 No. 2 (2024)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol10.iss2.art1

Abstract

IntroductionIslamic banking has become an integral part of the global financial system, particularly in the Persian Gulf region. Due to its reliance on profit-sharing and non-interest-based operations, Islamic banking faces unique challenges in maintaining stability, particularly when financing problems arise. ObjectivesThis study analyzes the effect of Non-Performing Financing (NPF), operational efficiency, and input-output optimization on the stability of Islamic banks in the Persian Gulf countries. MethodThis study employs a quantitative approach using panel data regression models, specifically the random effects model (REM), to analyze data from 27 Islamic banks in eight Persian Gulf countries. The study includes classical assumption tests, such as normality, multicollinearity, and heteroscedasticity, followed by hypothesis testing using t-tests and F-tests.ResultsThe results indicate that both NPF and efficiency have significant negative impacts on the stability of Islamic banks. The t-test reveals that NPF has a probability value of 0.0447 and a negative coefficient, suggesting that higher NPF levels reduce bank stability. Similarly, operational efficiency, as measured by the input and output variables, also shows a negative influence on stability, with a probability value of 0.0435. The F-test confirms that NPF, input, and output significantly affect Islamic bank stability, with an F-statistic probability value of 0.038223.ImplicationsThese findings have important implications for the management of Islamic banks in the Persian Gulf countries. Effective management of NPF is critical for maintaining stability, and operational improvements in efficiency can also enhance financial performance. Islamic banks should focus on improving their financing practices, including better monitoring problematic loans and diversifying revenue streams to reduce reliance on financing income.Originality/NoveltyThis study contributes to the understanding of Islamic bank stability by exploring the combined effects of Non-Performing Financing (NPF) and operational efficiency on bank financial health. By focusing on Islamic banks in the Persian Gulf countries, this study highlights region-specific challenges and offers strategies for mitigating financial risks and enhancing bank resilience through better management of NPF and operational efficiency.
The influence of social media on the decision to boycott Israel-affiliated products among the Muslim community in Jabodetabek Syarif, Muhyiddin; Herman, Sebastian
Journal of Islamic Economics Lariba Vol. 10 No. 2 (2024)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol10.iss2.art10

Abstract

IntroductionThe recent escalation of the conflict between Israel and Palestine triggered a global solidarity movement, including Boycott campaigns against products affiliated with Israel.ObjectivesThis study aims to analyze the determinants of digitalization's influence on online boycott product buying behavior among Muslim communities in Jabodetabek (Jakarta–Bogor–Depok–Tangerang—Bekasi), the Jakarta Metropolitan Area, or Greater Jakarta. MethodThis study's hypothesis is that social media, religiosity, subjective norms, behavioral control, and attitude have a positive and significant influence on boycotting behavior. It used an online survey with a randomly selected sample of 100 respondents. To test the hypothesis, it used structural equation modeling (SEM) with partial least squares (PLS).ResultsThe results show that social media and religiosity have a positive and significant influence on boycotting attitudes, while subjective norms and behavioral control do not have a significant influence on boycotting attitudes. Boycotting attitude also has a positive and significant influence on buying behavior. The R-square value of the model is 0.763, which means that the independent variables can explain 76.3% of the variability of buying behavior. ImplicationsThis study also provides implications for marketers and policymakers to understand the factors influencing the attitude and behavior of boycotting products affiliated with Israel among Muslim communities in Jabodetabek.Originality/NoveltyThis study contributes to the literature on consumer behavior, especially in the context of boycotting products related to political and religious issues.
Implementation of policies regarding zakat as a deduction of taxable income: A case study in regencies and city in southern Tapanuli Ahmad, Faisal; Hsb, Zuhdi; Kholijah, Siti
Journal of Islamic Economics Lariba Vol. 10 No. 2 (2024)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol10.iss2.art2

Abstract

IntroductionZakat plays a crucial role in improving the welfare of the Muslim community in Indonesia. However, Indonesian Muslims face a dual obligation: to pay both zakat and taxes. To alleviate this burden, the government implemented a policy that allows zakat to be deducted from taxable income. This policy aims to encourage zakat payers (muzakki) to distribute their zakat through official institutions such as BAZNAS. Nevertheless, zakat collection by BAZNAS in southern Tapanuli remains relatively low, necessitating an examination of the policy’s effectiveness. ObjectivesThis study aimed to evaluate the effectiveness of the zakat as a deduction of taxable income in southern Tapanuli and identify the factors affecting zakat collection through official institutions. MethodThis study employed a qualitative descriptive approach using empirical methods. Data were gathered from regulations related to zakat as a deduction of taxable income, and from observations of the performance of institutions managing zakat and taxes.ResultsThis study shows that while zakat can be applied as a deduction of taxable income, its implementation has not yet been optimal. Factors impacting the ineffectiveness of this policy include limited legal impact on payment obligations, administrative complexity, insufficient synergy between zakat and tax offices, lack of public outreach, and societal preference for directly paying zakat to recipients (mustahiq).ImplicationsThe study suggests the need to increase public outreach and synergy among institutions and simplify administrative processes to optimize zakat collection as a tax deduction. These improvements are expected to encourage broader participation in zakat distribution through official channels.Originality/NoveltyThis study contributes to the literature on the effectiveness of zakat as a tax deduction in Indonesia, particularly in southern Tapanuli. It offers insights into the challenges and opportunities of implementing this policy at the regional level.
Examining the relationship between organizational intelligence, religious commitment, spiritual well-being, and organizational agility among multireligious creative economy businessmen in Yogyakarta Quraisy, Mujahid; Nugroho, Anton Priyo
Journal of Islamic Economics Lariba Vol. 10 No. 2 (2024)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol10.iss2.art7

Abstract

Introduction Organizational agility, a novel concept in the business domain, measures the speed and flexibility with which organizations can face inevitable disruptions, particularly among creative economy actors with a religious foundation. Objectives This study examines the causal relationship between organizational intelligence, religiosity, spirituality, and organizational agility. Method The study employed a multivariate associative hypothesis testing approach using path analysis to investigate the relationships among organizational agility (OA), organizational Intelligence (OI), religious commitment (RC), and spiritual well-being (SWB). Measurement instruments, including the agility capabilities scale, religious commitment scale, spiritual well-being scale, and organizational intelligence scale, were adapted and validated as psychometric tools within Indonesian society's specific cultural and behavioral context. The sample consisted of 150 creative economy actors involved in religious organizations and engaged in the fashion, culinary, and handicraft sectors. Data analysis was conducted using IBM SPSS Statistics and SmartPLS. Results The findings indicate that religious commitment does not significantly impact organizational agility but positively and significantly influences organizational intelligence. Furthermore, organizational intelligence significantly contributes to organizational agility. However, spiritual well-being does not significantly influence organizational agility or intelligence. Implications These findings have implications for practitioners and decision-makers who want to develop successful business strategies in the religious-based creative economy sector. They emphasize the importance of religious commitment and the enhancement of spiritual values. Originality/Novelty This study contributes to the literature on organizational intelligence, religiosity, spirituality, and organizational agility in creative economy businesses.
The influence of technology perception, perceived risk, and complaint handling on customer interest in using Internet banking at Bank Syariah Indonesia KCP Sungai Penuh Rafina, Yeni; Sarmigi, Elex; Syarif, Dafiar; Travilo, Yoga
Journal of Islamic Economics Lariba Vol. 10 No. 2 (2024)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol10.iss2.art5

Abstract

Introduction Bank Syariah Indonesia actively uses information technology through digital services. However, not all digital services have a large user base, such as Internet banking, which has fewer users than m-banking. Objectives This study analyzed the impact of perceptions of technology, risk, and complaint handling on customer interest in using Internet banking services at Bank Syariah Indonesia KCP Sungai Penuh.Method This study used a quantitative descriptive research design. The study population comprised Bank Syariah Indonesia KCP Sungai Penuh customers. A sample of 100 customers was used to collect data through questionnaires and documentation. The data were analyzed using a Structural Equation Model (SEM) with Smart PLS 3.2.9.Results The results show that perceptions of technology do not significantly influence customer interest in using Internet banking services at Bank Syariah Indonesia KCP Sungai Penuh. Meanwhile, risk significantly influences customer interest, and complaint-handling does not affect customer interest in the service.Implications The findings suggest that Bank Syariah Indonesia KCP Sungai Penuh should increase outreach and promotional efforts to introduce Internet banking to potential customers, increasing their interest and participation in utilizing this service.Originality/Novelty This study contributes to the body of knowledge on risk perception among customers who adopt Internet banking in the Islamic banking sector.
The impact of perceived brand integrity in increasing brand legitimacy in halal cosmetics among Muslim customers in Jakarta, Indonesia Kartasasmita, Intan Kemala Hidayat; Kurniawati, Kurniawati
Journal of Islamic Economics Lariba Vol. 10 No. 2 (2024)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol10.iss2.art6

Abstract

Introduction The rapid growth of halal cosmetic consumption has forced companies to compete in the Indonesian market. Many halal cosmetic companies use modern strategies that involve environmental concerns. Objectives This study aims to analyze the role of perceived brand ethics and environmentally friendly packaging in influencing brand legitimacy through perceptions of brand integrity in halal cosmetics. Method This research used quantitative methods. The research population was users of halal cosmetics, so a sample of 200 respondents was obtained using nonprobability sampling techniques. The questionnaires were distributed with five-point Likert-scale measurements. The analysis technique used in this study was structural equation modeling using IBM SPSS AMOS. Results The results prove that perceived brand ethics and environmentally friendly packaging have a positive effect on perceived brand integrity. Perceived brand integrity has a positive effect on brand legitimacy and can mediate the influence of perceived brand ethics on brand legitimacy. Implications The implication of this research is that it is hoped that companies will continue to improve their brand ethics by continuing to comply with brand ethics laws. Furthermore, it can provide education to consumers regarding environmentally friendly cosmetics and increase brand integrity through communities such as halal cosmetic brands. Originality/Novelty This study contributes to the literature on halal cosmetics in Indonesia, one of the largest Muslim markets.
Conceptualizing money creation as a ḥabs in debt market Belabes, Abderrazak
Journal of Islamic Economics Lariba Vol. 10 No. 2 (2024)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol10.iss2.art11

Abstract

IntroductionMonetary creation is one of the major weak points of the in-depth analysis of economic life. The literature on Islamic economics, Islamic finance, and the jurisprudence of contemporary financial transactions is no exception to this rule. The reason is that money is reduced to its functionalist dimensions as a simple means of exchange, and considered a secondary issue with regard to the prohibition of ribāʿ.ObjectivesThis research proposes a new theoretical framework that conceptualizes money creation as a ḥabs in debt market. This conceptual framework makes it possible to avoid subjecting economic life to the system of monetary creation withholded, in debt and to nourish the illusion of economic growth boosted by debt.MethodThe study is based on genealogical method, which strives to trace the origins of things, and fundamentally takes its source from ancient literature on ansāb (lineage), al-awāʿil (things done for the first time), and long history, starting from the question: Where does it come from? It is a question of linking the phenomenon of ḥabs to its source, which is the building of the Kaʿaba by Ādam as the original ḥabs on earth.ResultsThe first significant result is that ḥabs is a general phenomenon that applies to a range of things. The waqf is only one of a number of possible forms. The second result is that reading the meaning of the word ḥabs allows us to link the various forms of withhold to the origin of life on earth when God ordered Adam to live on earth, then to build the Kaʿaba. The third result is the proposal of a new analytical framework for economic life which considers monetary creation as a ḥabs in debt market. ImplicationsThis study shows that ḥabs is an original conceptual tool which must be fully integrated into the analysis of economic life to broaden perspectives, promote understanding, and open new paths to action, in terms of social and economic policy, to build more resilient societies, while improving quality of life.Originality/Novelty This result provides a conceptualization of monetary creation on an unprecedented approach of ḥabs in debt market, and constitutes a basis for the development of policies, that move away from false economic growth boosted by debt, towards modes of existence based on voluntary cooperation, participative administration in community affairs, and the primacy of social purpose over capital.
Prospects for the development of Sharia financing contract on KPR Syariah iB Hebat at BPRS Dana Amanah Surakarta Sup, Devid Frastiawan Amir; Firdaus, Muhammad Irkham; Bilhaq, Aqil Mutashim
Journal of Islamic Economics Lariba Vol. 10 No. 2 (2024)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol10.iss2.art8

Abstract

IntroductionThe KPR Syariah iB Hebat product at BPRS Dana Amanah Surakarta currently uses murabahah, istishna', and MMQ contracts. However, from the perspective of regulations and fatwa, the KPR Syariah can also be developed using the salam contract, IMBT contract, IMFD contract, and MMBT contract.ObjectivesThis research aims to analyze the prospects for developing Sharia financing contracts on KPR Syariah iB Hebat at BPRS Dana Amanah Surakarta.MethodThis research uses a qualitative, descriptive, field research approach. Primary data are in the form of literature review results and field data findings, while secondary data are in the form of other data sources that support primary data, such as books, journal articles, and websites. Data were obtained using observation, interview, and documentation methods and then analyzed using the inductive method.ResultsAccording to the results obtained, BPRS Dana Amanah Surakarta should consider six risks: credit risk, operational risk, compliance risk, liquidity risk, reputation risk, and strategic risk.ImplicationsBased on the analysis of the characteristics of the KPR Syariah iB Hebat at BPRS Dana Amanah Surakarta, the contract prospects to be developed are the salam contract, IMBT contract, and IMFD contract.Originality/NoveltyThis research made an important contribution in the form of contract prospects to be developed in the context of BPRS in Indonesia, which has similarities with KPR Syariah iB Hebat at BPRS Dana Amanah Surakarta.

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