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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 5 Documents
Search results for , issue "Vol. 2 No. 2 (2016)" : 5 Documents clear
The Reinforcement of Islam Philanthropy by Means of Waqf Optimizing based on Sukuk Maspupah, Ima; Hasanah, Shofia Mauizotun
Journal of Islamic Economics Lariba Vol. 2 No. 2 (2016)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol2.iss2.art1

Abstract

Sukuk  has  been  developed  rapidly  both  in  quality  and  quantity,  this  can  be  proved  by the  rapid  development  in  the  international  financial  landscape  and   is   also   regarded as   the   most   successful   financial   products   among   Islamic    financial  institutions  in  the  realm  of  the  world.  As  one  of  the  long-term  financing  instruments,  sukuk  has  become  an  alternative  funding  to  be  obtained for the investment and projects for governments and companies. In Indonesia, the SBSN development has an outstanding value of Rp 298 trillion, or  equal  with  13%  from  the  total  debt  securities  issued  by  the  government  in  September  2015  which  showed  the  value  of  Rp  2.306  trillion.  Sukuk  is  essentially certificate of ownership of an asset (real project) that can be used on a large scale to defray the construction of sukuk which are not included into buying and selling securities in secondary market, but a financing. Sukuk has assurance in the form of main asset (collateral assets) and serves as the basis for the issuance of sukuk to avoid riba by the prerequis its elements that be traded. The purpose of this article is to present a solution in optimizing the asset-based sukuk that are asset of utilization waqf endowments given in Indonesia which is  not  yet  optimal.  The  method  used  is  the  study  of  literature.  The  conceptis  generated in the form of waqf asset utilization as underlying assets for sukuk. Where  the  sukuk  was  issued  through  a  Special  Purpose  Vehicle  (SPV)  as  the  representative  body  nadzirin  this  Indonesian  Waqf  Board  (IWB)  to  be  leased  to  investors.  Sukuk  is  expected  to  support  the  optimization  of  endowment  assets  to  be  more  productive  as  well  as  a  challenge  to  change  consumption  patterns  and  preferences  with  their  moral  filter  in  the  form  of  awareness  of  social  solidarity.  As  a  result,  the  concept  of  Pareto  optimum  which  does  not  recognize the existence of a solution that does not require the sacrifice of the minority (wealthy) in order to improve the welfare of the majority (poor) do not apply anymore.
Cash Waqf as an Alternative Source of Islamic Microfinance Institution’s Capital in Indonesia Gustani, Gustani; Ernawan, Dwi Aditya
Journal of Islamic Economics Lariba Vol. 2 No. 2 (2016)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol2.iss2.art2

Abstract

One type of contemporary waqf is cash waqf. Cash Waqf provide more giving mashlahah because the money can be used for many things other than endowments. Form of cash waqf development is to be invested in Islamic financial institutions were profitable and secure. This paper aims to integrate the cash waqf as a social fund to the financial intermediation role on Islamic Micro Finance Institutions. Endowments in cash will be an alternative source of capital LKMS cheap and mashlahah. The pattern is divided into a cash waqf endowments temporary cash invested in sharia-term investment products, such as savings deposits and capital investments. Average cash waqf permanently included as a component of capital. Endowment funds will be disbursed on micro-finance, the results of which will be channelled to the social fund. With this pattern expected cash waqf and where LKMS can benefit the wider community.
Determinants of Islamic commercial banks financing risk in Indonesia Sari, Mella Katrina
Journal of Islamic Economics Lariba Vol. 2 No. 2 (2016)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol2.iss2.art3

Abstract

This research is aimed to show the empirical evidence of the influence of Financing Expansion, Financing Quality, Financing to Deposit Ratio, and Return on Assets on financing risk in Islamic Commercial Banks in Indonesia. This research uses purposive sampling so that three Islamic Commercial Banks are choosen: Bank Syariah Mandiri, Bank Muamalat Indonesia, and Bank Mega Syariah Indonesia. The analysis method of this research is panel data regression analysis. This research applies Panel Unit Roots (PRUTS), model specification test using Fixed Effect Model, classical assumption test (Homoscedastic, Autocorrelation, and Prais-Winsten Regression), hypothesis testing with a significance level of 5%. The result shows that Financing Expansion and Return on Assets have a negative and significant influence on financing risk. Meanwhile, Financing Quality and Financing to Deposit Ratio have a positive and significant influence on financing risk.
The role of LAZISMU in eradicating poverty in D.I. Yogyakarta Syaputra, Ahmad Danu
Journal of Islamic Economics Lariba Vol. 2 No. 2 (2016)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol2.iss2.art4

Abstract

Zakat is one of economic empowerment instruments that is defined as giving someone his right. And the demand is to have the financial balance, not the accumulation of wealth in a particular group. To realize this idea in the society, LAZISMU as Amil Zakat Institution must empower the economics of the society to eradicate poverty. The method used in this study is qualitative by analyzing data from interview to LAZISMU board. Besides, the gathering data technique is also done by documentation. Once the data collected, they are processed and analyzed descriptively qualitative. The results of this study indicate that efforts to alleviate poverty conducted by LAZISMU in Yogyakarta have shown a significant role since they cooperate with Muhammadiyah Institutions that in fact has been very experienced and already has a wide range.
Best practices of waqf: Experiences of Malaysia and Saudi Arabia Md Saad, Norma; Kassim, Salina; Hamid, Zarinah
Journal of Islamic Economics Lariba Vol. 2 No. 2 (2016)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol2.iss2.art5

Abstract

The main focus of this paper is to examine the best practices of selected waqaf entities in Malaysia and Saudi Arabia. The waqaf entities involved in this study include two corporate waqaf institutions namely Kumpulan Waqaf An-Nur Berhad and IIUM Endowment Fund and five waqaf entities under Islamic Development Bank in Saudi Arabia.This study analyses projects and programs undertaken by these selected waqf entites to achieve their respective objectives.  Such a comparison is necessary considering the diverse experiences of these selected waqaf entities in view of the differences in their endowments and different corporate management models. The paper concludes that these waqaf entities have adopted an innovative approach developing waqf programs and experimenting new ways of managing and investing waqaf assets. They have created opportunities for the improvement of waqaf institutions and revitalize the potentials of these waqaf assets to yield greater benefits to the society.

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