cover
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 237 Documents
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.
Muthawif concessions in Umrah travel bureau management Fallah, Afanin Atiqa; muhajarah, kurnia
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.art3

Abstract

IntroductionIn Indonesia, the demand for Umrah services has grown significantly, amplifying the need for skilled muthawif who can support pilgrims both spiritually and logistically. The unique position of muthawif within the Umrah travel ecosystem requires well-structured management to ensure that service quality meets pilgrims' expectations. This study addresses the gaps in understanding how muthawif management practices are implemented within Indonesian travel bureaus and identifies the role of Saudi concessions in shaping these practices.ObjectivesThe primary objectives of this study are to assess the responsibilities of muthawif within the framework of concessions provided by Saudi and Indonesian authorities and to analyze the management approaches that optimize muthawif roles in enhancing the pilgrim experience. This research also seeks to identify the operational challenges faced by muthawif in balancing their duties across various management structures.MethodA qualitative field research approach was adopted, involving interviews and observations with key stakeholders such as muthawif, Umrah bureau directors, and agency leaders. Data was collected in both Indonesia and Saudi Arabia, allowing for an in-depth exploration of how muthawif function within different organizational and regulatory contexts. This approach provides contextual insights into the management practices influencing muthawif performance.ResultsThe study found that muthawif in Indonesia operate within three main categories: government-managed, agency-affiliated, and freelance. Each type of muthawif has different levels of flexibility and operational scope, impacting the quality and consistency of guidance services. Saudi government concessions offer operational flexibility, while Indonesian travel bureaus emphasize standardized training and service quality aligned with Islamic principles. These differences impact how muthawif adapt to the needs of diverse pilgrim groups.ImplicationsThe findings suggest that structured management and regulatory concessions are crucial to enhancing muthawif performance and service quality. Collaborative efforts between Indonesian travel bureaus and muthawif agencies contribute to a more professional and efficient Umrah guidance service. This study provides practical insights for travel bureaus and policymakers seeking to improve muthawif training standards and management practices within the Umrah industry.Originality/NoveltyThis research expands the literature on Umrah service management by focusing on the specific roles and concessions governing muthawif. It introduces new perspectives on optimizing muthawif performance through coordinated management approaches and cross-agency collaboration, addressing a critical area of service quality for Indonesian pilgrims undertaking Umrah.
From Global Financial Crisis to post-COVID: Mapping the transition in Sukuk research Ali, Hassnian; Jafar, Ahmad
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.art19

Abstract

IntroductionThe financial sector has experienced substantial changes throughout history, and sukuk has gained widespread recognition as a reliable funding option.ObjectivesThis study explores the evolution and impact of Sukuk financing from the Global Financial Crisis to the post-COVID era, emphasizing its importance within Islamic finance and its broader economic implications.MethodUsing a bibliometric analysis approach, data were extracted from the Scopus database, focusing on 287 English-language research articles containing "Sukuk" in their titles. Advanced bibliometric tools such as R’s Biblioshiny package and Microsoft Excel facilitated a quantitative assessment of publication trends, authorship, and thematic developments in Sukuk research.ResultsThe findings highlight a significant expansion in Sukuk-related research, with diversification in themes such as sustainability, governance, and innovation in Islamic finance. Key contributors and influential works were identified, showing a shift towards addressing contemporary financial challenges through Islamic principles. While the study acknowledges limitations in scope due to its bibliometric approach, it suggests that future research could incorporate more qualitative analyses to deepen the understanding of emerging trends.ImplicationsThe insights from this study provide valuable guidance for practitioners, policymakers, and investors in Islamic finance, underlining the role of Sukuk in promoting sustainable economic growth and financial stability. Additionally, the findings demonstrate the potential of Sukuk to contribute to ethical and socially responsible investment, aligning financial practices with broader societal values.Originality/NoveltyThis study adds to academic discourse by offering a comprehensive overview of Sukuk literature’s evolution and serves as a foundational resource for further investigation and practical application in the field of Islamic finance.
Religiosity and determinants of food consumption in urban and rural communities in Lampung Province Habibi, Ahmad; Fachri, Adib; Utami, Pertiwi
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.art12

Abstract

IntroductionLampung Province consists of heterogeneous tribes and ethnicities. The majority is Muslim, followed by Protestants, Catholics, Hindus, and Buddhists. This makes Lampung Province known as the earth of ruwai jurai. This condition makes Lampung Province a miniature of the State of Indonesia.ObjectivesThis study investigates the religiosity and determinants of consumption of urban and sub-urban communities in Lampung Province.MethodThis study uses a quantitative research approach with a sample of 262 participants.ResultsThe findings revealed that there was no significant difference between rural and urban communities in purchasing food. Further, it was revealed that the respondents who made the object were consumers in the modern market with ages between 21-40 years old at 64.9% and with high school and Strata 1 education at 89.7%. Education level and age are the main factors in public consumption both in urban and rural areas. Based on the results of data analysis, it is known that the better understanding of religion a Muslim community has, the more selective they will be in purchasing the products they need. Therefore, it can be concluded that urban and rural communities consume research variables from the aspect of religiosity and economic determinants in the same condition so that modern markets as research locations provide an equal impact on urban and rural communities in consumption. ImplicationsStakeholders need to expand permits for the operation of modern markets by paying attention to the economy of traditional economic actors. Other factors, such as improving the quality and equitable distribution of education and increasing information about products both by producers and the government through mass media and social media, are also actively carried out carefully.Originality/Novelty This study provides an additional understanding of how religiosity contributes to consumption in societies with differing religious backgrounds.
The effect of corporate social responsibility, activity ratio, and capital structure on profitability of companies listed in the Jakarta Islamic Index Santoso, Taufiq Agus; Andriansyah, Yuli; Bastanifar, Iman
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.art30

Abstract

IntroductionCorporate profitability remains a critical focus for businesses operating within Islamic finance frameworks, where ethical and financial principles coexist. This study examines the influence of Corporate Social Responsibility (CSR), capital structure, and activity ratio on the profitability of companies listed on the Jakarta Islamic Index (JII) from 2012 to 2017. The study aims to clarify the complex interactions among these variables and their implications for financial performance in Sharia-compliant firms.ObjectivesThe primary objective of this research is to analyze the individual and collective effects of CSR, capital structure, and activity ratio on profitability, measured by Return on Equity (ROE). The study seeks to provide actionable insights for managers and policymakers in Islamic finance, while contributing to the academic discourse on corporate performance determinants.MethodThis quantitative study employs secondary data from the financial statements of 13 JII-listed firms over five years. CSR is measured through Islamic Social Reporting, capital structure by Debt-to-Equity Ratio, and activity ratio by Total Asset Turnover. Multiple regression analysis using econometric tools tests the hypotheses, supported by descriptive and inferential statistical methods.ResultsThe findings reveal that CSR does not have a direct significant impact on profitability, while capital structure negatively influences financial performance due to risks associated with debt. Conversely, activity ratio positively affects profitability, highlighting the importance of operational efficiency. Collectively, these variables significantly shape financial outcomes in Sharia-compliant firms.ImplicationsThe study underscores the need for an integrated approach to balancing ethical commitments, financial strategies, and operational practices to achieve sustainable profitability. The findings provide valuable guidance for improving corporate strategies in Islamic finance and advancing the field’s literature.Originality/NoveltyThis research uniquely integrates CSR, capital structure, and activity ratio within the context of JII-listed firms, offering a comprehensive perspective on profitability dynamics in Islamic finance. It contributes to both theoretical and practical understandings of financial performance in Sharia-compliant businesses.
Enhancing Sharia compliance: Evaluating supervisory roles in a rural Islamic bank in Yogyakarta, Indonesia Rahmatika, Dzuriyatun; Andriansyah, Yuli; Qubbaja, Adnan
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.art29

Abstract

Introduction Islamic Rural Banks (Bank Perekonomian Rakyat Syariah abbreviated BPRS in Bahasa Indonesia) play a vital role in promoting Islamic finance in Indonesia. Central to their operation is the Sharia Supervisory Board (Dewan Pengawas Syariah abbreviated DPS in Bahasa Indonesia), tasked with ensuring that all financial activities align with Islamic principles. Despite their importance, gaps in the implementation of Sharia compliance suggest limitations in Sharia Supervisory Board effectiveness, which may undermine the integrity of Islamic Rural Banks operations. Objectives This study investigates the effectiveness of the Sharia Supervisory Board in maintaining Sharia compliance within an Islamic Rural Bank in Yogyakarta, Indonesia. It aims to identify key challenges, such as regulatory clarity, institutional support, and the qualifications of the Sharia Supervisory Board members, and their impact on the Islamic Rural Bank’s governance and performance. Method The research employs a mixed-methods approach, combining qualitative and quantitative analyses. Data were collected through structured interviews with Sharia Supervisory Board members, Islamic Rural Bank executives, and regulatory bodies, alongside a review of regulatory documents and institutional records. The study uses thematic analysis and statistical tools to evaluate the factors influencing the Sharia Supervisory Board’s effectiveness. Results Findings reveal that the effectiveness of the Sharia Supervisory Board is significantly influenced by their qualifications, access to training, and institutional support. Regulatory ambiguities lead to inconsistent Sharia compliance practices across Islamic Rural Banks. Institutions with robust internal frameworks and better resource allocation exhibit higher levels of Sharia compliance and customer trust. Implications The study highlights the necessity for comprehensive training programs, more explicit regulatory guidelines, and more substantial institutional support to enhance the role of the Sharia Supervisory Board. These improvements are essential for maintaining the credibility of Islamic financial institutions and fostering customer confidence. Originality/Novelty This research contributes to the literature on Islamic finance governance by addressing systemic and practical challenges faced by the Sharia Supervisory Board in Islamic Rural Banks. It offers actionable recommendations for policymakers, regulators, and financial institutions to strengthen the governance and compliance mechanisms in Islamic banking.
Homo Islamicus as an agent of socio-economic change: A study in the perspective of Surah An-Nisa Amini, Salisa; Tarigan, Azhari Akmal; Syahriza, Rahmi; Ismail, Ismail
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.art13

Abstract

IntroductionThere are several challenges faced by Homo Islamicus when dealing with the conventional economic principles that often dominate economic practice today.ObjectivesThis research aims to explore the role of Homo Islamicus in creating social and economic welfare and how Islamic values can be integrated into everyday economic practices. This research focuses on the concept of Homo Islamicus as an agent of social and economic change in the context of modern society, with an emphasis on the perspective of Surah An-Nisa. MethodThe method used in this research is a qualitative analysis of the Qur'anic texts, especially Surah An-Nisa, and a literature study on the application of Islamic economic principles in a modern context. The scope of the research includes an analysis of the differences between Homo Islamicus and Homo Economicus, where Homo Islamicus is not only oriented towards material gain but also considers moral and social responsibility.ResultsThe results show that although there are challenges in applying the concept of Homo Islamicus, such as the gap between ideality and reality, this concept remains relevant as an ethical framework for building a more just and prosperous society. Homo Islamicus plays an essential role in maintaining justice in economic transactions and contributing to the welfare of society through the practice of zakat, infaq, and sadaqah.ImplicationsThe conclusion of this research confirms that sustainable social and economic welfare should be achieved. An adaptive and educative approach is needed in applying the principles of Homo Islamicus. This research recommends strengthening Islamic economic education, emphasizing social responsibility and ethics in every economic interaction.Originality/Novelty This study contributes to the body of knowledge on Homo Islamicus in the Quranic perspective as a basis for the philosophy of Islamic economics.
Reuse of dinar and dirham in the frame of contemporary Muamalah: A study in South Kalimantan, Indonesia Hafizah, Yulia; Nilasari, Erissa; Iqbal Assyauqi, Moh.
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.art14

Abstract

IntroductionThe Muslim community is making several efforts to reuse the dinar and dirham for transactions and other purposes in the current era.ObjectivesThis research examines the phenomenon of reusing dinar and dirham as alternative financial instruments in the South Kalimantan region. It aims to reveal the reasons behind the reuse of dinar and dirham and the form of activities carried out by the movement carried out by the contemporary Muslim community. MethodThis research method uses a qualitative approach with a case study on Komunitas Muamalah Kalsel, with data collection techniques through interviews, observations, and documentation studies.ResultsThe results show that the main reason for using dinar and dirham is theological, namely an effort to restore more authentic economic practices according to Islamic teachings, with legitimacy from local clerical figures. The results also reveal the existence of a unique alms distribution model through Pasar Muamalah, which exchanges fiat money into dirhams to be distributed to underprivileged communities. The results also identified three critical aspects of a faith-based financial system, namely (1) the stability of the intrinsic value of precious metals, (2) criticism of the fiat-based financial system that is prone to inflation, and (3) efforts to uphold the principle of economic justice in transactions.ImplicationsThe Muslim community can consider reusing dinar and dirham to maintain the religious and economic aspects of their daily transactions.Originality/Novelty This study contributes to better understanding of application of dinar and dirham in modern society.
Analysis of digital-based sustainable fishermen cooperative risk management in Pangandaran Regency Ashshiddiqi, Muhammad Taufan; Bukhori, Reza Fauzi; Desembriani, Helsa; Rohmat, Fahmi Hidayatul
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.art15

Abstract

IntroductionFishermen's cooperatives face various external challenges such as fish price fluctuations, climate change and environmental damage.ObjectivesThis research analyzes the risk management of digital-based fishing cooperatives in Pangandaran Regency in the context of implementing the Blue Economy.MethodThis research uses a mixed methods approach with a sequential explanatory design. Quantitative data was obtained through a survey of 233 members of the Minasari Village Unit Cooperative (Koperasi Unit Desa abbreviated KUD in Bahasa Indonesia), while qualitative data was collected through interviews and case studies.ResultsThe research results show that the implementation of a cloud computing-based Management Information System (MIS) has the potential to strengthen risk management and support better governance in cooperatives.ImplicationsMIS can also increase transparency and operational efficiency, support the implementation of Blue Economy principles, and encourage the long-term sustainability of cooperatives through real-time data management and system integration.Originality/Novelty This study contributes to studies on digitalization of cooperatives to strengthen adaptation to complex environmental and economic challenges in the digital era.
The effect of cash on delivery (COD) payments on purchasing decisions of the Wamena Community: A case study of Shopee Fitri, Fitri; Syarifah, Syarifah; Thomas, Rianik
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.art16

Abstract

IntroductionIndonesians, especially when shopping online, increasingly use the cash on delivery (COD) system to pay for goods.ObjectivesThis study aims to determine the effect of the cash on delivery (COD) payment method on the purchasing decisions of the Wamena community on the Shopee e-commerce platform.MethodThis research method uses an approach. The type of research used, namely the mixed method, is a research method that combines quantitative and qualitative data to produce more comprehensive data. The sample used amounted to 100 respondents who actively use Shopee in Wamena. Quantitative research measures the Cash on Delivery (COD) variable through Convenience, Privacy, and Trust. The purchasing decision variable is measured through indicators of Problem recognition, Information search, and Evaluation of alternatives. The data analysis techniques used in this study are validity tests, reliability tests, correlation tests, regression tests, t-tests, and determination coefficient tests.ResultsThe results showed that the COD payment method positively and significantly affected the purchasing decisions of the Wamena city community at Shopee E-Commerce. The contribution given by the cod variable is 49% to purchasing decisions. Researchers conducted interviews to strengthen the results. The interview results show that the people of Wamena city choose cod payment because the average estimated delivery from Java to Papua is at least 7 days, so buyers find it easier to control expenses because they only pay when the goods are in hand. This payment system is also felt to be able to avoid bills that come after transactions and can control excessive shopping desires.ImplicationsWith the increasing trend of COD usage, this study's results underscore the importance of buyers' and sellers' protection for this type of transaction.Originality/Novelty This study contributes to studies on online purchasing, especially in areas outside Java Island, where facilities and infrastructure are limited to support fast delivery.