Journal of Islamic Economics Lariba
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
234 Documents
<![CDATA[The impact of market share and banking sector indicators to the profitability of Islamic commercial banks in Indonesia ]]>
<![CDATA[Rofiatun, Nurul Fatimah]]>
<![CDATA[ Journal of Islamic Economics Lariba Vol. 2 No. 1 (2016) ]]>
Publisher : <![CDATA[Universitas Islam Indonesia ]]>
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DOI: 10.20885/jielariba.vol2.iss1.art5
<![CDATA[This research has aimed to provide the empirical evidence from the impacts of market share of depositor funds, market share of financing, Total Equity and Size to the profitability (ROA) of Sharia commercial banks in Indonesia. Data used in this paper is secondary data panel with the samples are 4 Sharia commercial banks in Indonesia and in the period of 2010-2015. Data had been analyzed using the data panel regression. According to the result of research, it can be concluded that market share of depositor funds, Total equity and Size have positive and significant impacts to ROA, while the market share of financing has a negative and insignificant relationship to ROA.]]>
<![CDATA[The Reinforcement of Islam Philanthropy by Means of Waqf Optimizing based on Sukuk ]]>
<![CDATA[Maspupah, Ima]]>;
<![CDATA[Hasanah, Shofia Mauizotun]]>
<![CDATA[ Journal of Islamic Economics Lariba Vol. 2 No. 2 (2016) ]]>
Publisher : <![CDATA[Universitas Islam Indonesia ]]>
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DOI: 10.20885/jielariba.vol2.iss2.art1
<![CDATA[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.]]>
<![CDATA[Cash Waqf as an Alternative Source of Islamic Microfinance Institution’s Capital in Indonesia ]]>
<![CDATA[Gustani, Gustani]]>;
<![CDATA[Ernawan, Dwi Aditya]]>
<![CDATA[ Journal of Islamic Economics Lariba Vol. 2 No. 2 (2016) ]]>
Publisher : <![CDATA[Universitas Islam Indonesia ]]>
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DOI: 10.20885/jielariba.vol2.iss2.art2
<![CDATA[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.]]>
<![CDATA[Determinants of Islamic commercial banks financing risk in Indonesia ]]>
<![CDATA[Sari, Mella Katrina]]>
<![CDATA[ Journal of Islamic Economics Lariba Vol. 2 No. 2 (2016) ]]>
Publisher : <![CDATA[Universitas Islam Indonesia ]]>
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DOI: 10.20885/jielariba.vol2.iss2.art3
<![CDATA[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.]]>
<![CDATA[The role of LAZISMU in eradicating poverty in D.I. Yogyakarta ]]>
<![CDATA[Syaputra, Ahmad Danu]]>
<![CDATA[ Journal of Islamic Economics Lariba Vol. 2 No. 2 (2016) ]]>
Publisher : <![CDATA[Universitas Islam Indonesia ]]>
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DOI: 10.20885/jielariba.vol2.iss2.art4
<![CDATA[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.]]>
<![CDATA[Best practices of waqf: Experiences of Malaysia and Saudi Arabia ]]>
<![CDATA[Md Saad, Norma]]>;
<![CDATA[Kassim, Salina]]>;
<![CDATA[Hamid, Zarinah]]>
<![CDATA[ Journal of Islamic Economics Lariba Vol. 2 No. 2 (2016) ]]>
Publisher : <![CDATA[Universitas Islam Indonesia ]]>
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DOI: 10.20885/jielariba.vol2.iss2.art5
<![CDATA[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.]]>
<![CDATA[Challenges inhibiting Islamic banking growth in Indonesia using the Analytical Hierarchy Process ]]>
<![CDATA[Iswanaji, Chaidir]]>
<![CDATA[ Journal of Islamic Economics Lariba Vol. 4 No. 2 (2018) ]]>
Publisher : <![CDATA[Universitas Islam Indonesia ]]>
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DOI: 10.20885/jielariba.vol4.iss2.art4
<![CDATA[The banking sector has an essential role in supporting economic growth in the world. Islamic banking has become an increasingly popular method for reducing poverty, financial inclusion and economic development. Its existence is needed in developing countries like Indonesia. The purpose of this study is to identify and prioritize challenges that hinder the growth of Islamic banking in Indonesia. The study was conducted in two stages: the first stage of investigating the challenges in the sharia banking industry in Indonesia. The second phase identifies and determines the priority challenges that hinder the growth of sharia banking using Analytical Hierarchy Process (AHP). The results reveal that the biggest challenge is the regulatory framework. Islamic banking requires favorable government policies and regulations and a positive effect on Islamic banking. Government policies to expand the market share of Islamic banking is one of the priority to be done soon. The second challenge is the lack of qualified human resources. Human resources in Islamic banking should be knowledgeable both sharia law and economics. Hence, providing qualified human resources need specialized education institutions concerning in Islamic finance. The third challenge is the lack of awareness of Islamic banking even in a Muslim community. They have a less understanding about the terms, products, and also Islamic principles of Islamic banking.]]>
<![CDATA[Analysis of halal tourism development strategy in East Java Province ]]>
<![CDATA[Carollina, Riska]]>;
<![CDATA[Triyawan, Andi]]>
<![CDATA[ Journal of Islamic Economics Lariba Vol. 4 No. 1 (2018) ]]>
Publisher : <![CDATA[Universitas Islam Indonesia ]]>
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DOI: 10.20885/jielariba.vol4.iss1.art3
<![CDATA[The tourism sector is one of the sectors that is of great importance to the Indonesian economy. On the other hand, the second world population and Indonesia's income are Muslim, from the same thing. This research was carried out in the province of East Java, which is a province that has diversity and natural resources compared to other provinces. So the purpose of this research is to find out the meaning of the concept in accordance with the Qur'an and Hadith. The method used is a qualitative approach with the SWOT analysis method. The data used is primary data obtained through interviews, documentation and documentation. The results of this study indicate that if there is an increase in Indonesia, especially in the province of East Java, it has not developed well. This is caused by the amenities or facilities in the perfect place. In addition, various technologies and aspects to develop halal are still not synergized well. Therefore, an appropriate strategy is needed to develop halal, especially in East Java.]]>
<![CDATA[Analysis of cash waqf development in Indonesia using Interpretive Structural Modeling (ISM) ]]>
<![CDATA[Rusydiana, Aam Slamet]]>
<![CDATA[ Journal of Islamic Economics Lariba Vol. 4 No. 1 (2018) ]]>
Publisher : <![CDATA[Universitas Islam Indonesia ]]>
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DOI: 10.20885/jielariba.vol4.iss1.art1
<![CDATA[This study aims to identify the main factors that were obstacles to develop the implementation of cash waqf in Indonesia using Interpretive Structural Modeling (ISM) method. ISM is an advanced design methodology used to identify, to analyze, and to summarize different relationship among factors that elucidate a problem, model or issue. The development of cash waqf in Indonesia with ISM framework is divided into three criteria: (1) Challenges (aspects) faced in developing cash waqf, (2) Strategy or foundation required within the framework of developing cash waqf, and (3) Stakeholders or actors involved in the development of the cash waqf. The result shows that the core problems and challenges faced in the development of cash waqf institution are: System aspect, product, regulation and information technology. The core strategies or foundations that are needed in a framework of cash waqf development are Transparency and accountability of waqf institutions, Quality development of nadzir, and Innovative marketing strategy from waqf institution.]]>
<![CDATA[Synthesizing National Zakat Index Application In Indonesia ]]>
<![CDATA[Sulistyowati, Sulistyowati]]>;
<![CDATA[Rahmi, Asri Noer]]>
<![CDATA[ Journal of Islamic Economics Lariba Vol. 4 No. 1 (2018) ]]>
Publisher : <![CDATA[Universitas Islam Indonesia ]]>
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DOI: 10.20885/jielariba.vol4.iss1.art2
<![CDATA[The study aims to synthesize the implementation of National Zakat Index (NZI) in Indonesia that published by National Zakat Agency (Baznas) on 2016. NZI is a model that attends the concept of multi-stages composition index that can compute all aspects of zakat comprehensively covering all stakeholders of zakat management starting from muzakki, mustahik, regulations and government budgets related to zakat on the macro and micro dimensions (Beik, 2016). This study is qualitative research which were used primary data through in-depth interviews and also secondary data through literature reviews. The results shows that the implementation of NZI throughout three years ago was effective which appropriate to the goal for measuring the effectiveness of zakat role in eradicating poverty. Furthermore, the synthezising stage conducted the proposed concept to encourage formed of integrated indexing model between Zakat and Waqf namely National Zakat-Waqf Index (NZWI). It is an idea that both of main Islamic financial instruments with the same final goals which are alleviating poverty and enhanching social welfare should engaged together as a unity into one harmony for better Indonesia. Moreover, advanced research is needed which is focus on practical aspects with considers other detail support elements.]]>
