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
The Innovation of Waqf Andragogy Amidst ‘Kampus Merdeka’ Era Sulistyowati; Bayu Taufik Possumah; Nurul Huda; Siti Nur Indah Rofiqoh; Zulfison
Journal of Islamic Economics Lariba Vol. 8 No. 1 (2022)
Publisher : Department of Islamic Economics, Islamic University of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol8.iss1.art8

Abstract

Waqf, as a unique Islamic legacy, has been practiced since the Prophets Muhammad Era. Unfortunately, society’s understanding of waqf is not yet comprehensive and accurate, mainly at the higher education level. The study aims to provide the innovative andragogical formulation for higher education institutions regarding the ‘Kampus Merdeka’ enforcement and to explore the breakthroughs in waqf curriculum by academicians in universities during the KKM era. Focused Group Discussion (FGD) and semi-structured in-depth interviews are conducted to gather the primary data from the relevant respondents such as regulators, academicians, practitioners, and students. Initially, the desk study is used as a literature review from various sources to obtain prior knowledge related to the topic investigated. Findings of this study have revealed that Waqf stakeholders identified several innovative methods in the form of creative implementation such as Reshaping of National Standard Waqf Curriculum, Link and Match of Waqf Education with the Waqf DUDI, Waqf Literacy Relevant Movement, and IT and Waqf Digital Engagement. Thus, this study recommends a point regarding its result that some challenges have to be tackled altogether by the stakeholders in terms of educator capacity and the lack of human resources from the practitioner to undertake massive socialization with the adult learner. This research result could be implemented in the higher education institution that teaches waqf and other instruments of Islamic Social Finance (ISF) as one of the subjects in the Islamic Economic curriculum.
Determinant of Islamic Stock Index in Indonesia Pre and Post Pandemic Era Vaccine Riyan Andni; Muhammad Said
Journal of Islamic Economics Lariba Vol. 8 No. 1 (2022)
Publisher : Department of Islamic Economics, Islamic University of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol8.iss1.art6

Abstract

This study aims to analyze the effect of Inflation, Bank Indonesia (BI) Rate, Exchange Rate, Composite Stock Price Index (JCI), Bank Indonesia Syariah Certificate (SBIS). the World Gold Price both simultaneously and partially against the Indonesian Sharia Stock Index (ISSI). This research applies the methodquantitative approach. The source of research data uses secondary data in December 2019 – December 2021 in the form of monthly closing prices for the Indonesian Sharia Stock Index and the Composite Stock Price Index from https://www.idx.co.id/then closing price Inflation, BI rate, Exchange Rate, Bank Indonesia Syariah Certificate (SBIS) from https://www.bi.go.id/and the closing price of world gold from https://id.investing.com/which was processed using Eviews 12 software with multiple linear analysis. The results of the study show that partially the BI Rate, Exchange Rate, JCI variables have a significant influence on ISSI and the Inflation, SBIS, Price variablesWorld gold has no significant influence on ISSI. Meanwhile, the variables of Inflation, BI Rate, Exchange Rate, JCI, SBIS and World Gold Prices have an effect on ISSI simultaneously. This finding provides implications for policy makers related to the Islamic capital market Keywords: Islamic Stock Index, Inflation, BI rate & exchange rate
Community Economic Empowerment Through the “One Pesantren One Product” Program at Pagelaran III Islamic Boarding School, Subang, Indonesia Dandy Sobron Muhyiddin; Nurwadjah Ahmad; Andewi Suhartini; Hisam Ahyani; Naeli Mutmainah
Journal of Islamic Economics Lariba Vol. 8 No. 1 (2022)
Publisher : Department of Islamic Economics, Islamic University of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol8.iss1.art7

Abstract

This study aims to uncover and explore how the implementation of the One Islamic Boarding School One Product (OPOP) Program at Pondok Pesantren Pagelarang III Subang Regency aims to create self-reliance of the people through the students. This research method uses a qualitative approach using a case study method. The data used are primary data from the research sample, namely Pondok Pesantren Pagelaran III, Subang Regency, as well as secondary data obtained from books and journal articles related to economic empowerment in Islamic boarding schools. The research technique used is data compilation, data analysis and drawing conclusions. The primary sources were obtained from the results of interviews, observations, and documentation. The study found that the concept of economic empowerment at the Pagelaran III Islamic Boarding School in Subang Regency is a concept of economic empowerment based on the Economic Development of the Ummah, which is done through the implementation of the One Islamic Boarding School One Product (OPOP) Program which is currently being intensified by the local government (Java Provincial Government). West, Indonesia). As a result, in terms of Islamic Education Theology, the One Pesantren One Product (OPOP) Program is based on the Economic Development of the Ummah.
Islamic Economics Answers to a Wide Range of Contemporary Socio-Economic Challenges Reza Muhammad Rizqi; Hartini
Journal of Islamic Economics Lariba Vol. 8 No. 1 (2022)
Publisher : Department of Islamic Economics, Islamic University of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol8.iss1.art9

Abstract

A long period of development spanning more than a century has resulted in traditional economics becoming a highly developed and complex field of study. Finding solutions to existing socio-economic problems is the focus of this paper. The idea of Islamic economics is the central topic of this article. Because it is based on the teachings of the Qur'an and Hadith, the Islamic economic system has proven to be very successful in overcoming various socio-economic problems during the course of human history. In other words, if Islamic economics is used in the right way and in the right way, then one may anticipate many severe socioeconomic difficulties. In short, Islamic economics offers a solution to the problem of how to improve human life. so that no socio-economic problems will be recognized if Islamic economics is practiced in a proper manner. Therefore, Islamic economics focuses primarily on ideas and efforts to improve the general welfare of society. Consequently, Islamic economics is a solution to problems facing society as a whole.
Measuring Financial Efficiency of Insurance Companies in Indonesia Using Stochastic Frontier Analysis Approach: A Comparison Between Islamic and Conventional Insurances Nur Kholis; Yunita Nur Afifah
Journal of Islamic Economics Lariba Vol. 8 No. 1 (2022)
Publisher : Department of Islamic Economics, Islamic University of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol8.iss1.art12

Abstract

This paper aims to analyze the efficiency value and compare the efficiency ratio between sharia insurance and conventional insurance companies, both life insurance and general insurance in Indonesia, for 2018-2020. The research applies the Stochastic Frontier Analysis (SFA) method, which uses total capital and expenses as input variables, and total income as output variables. The efficiency values of Islamic and conventional insurance companies' results were compared using an independent sample t-test statistical test. The population of this research is all Islamic and conventional insurance companies listed on the website of the Financial Services Authority (OJK). The sample used is 19 sharia insurance companies (15 life insurance companies and four general insurance companies). The sample of conventional insurance is 23 companies (22 life insurance companies and one general insurance company). The results showed that the efficiency value of Islamic insurance companies (0.6549) was 0.0697 lower than conventional insurance (0.7246). It can be concluded that the efficiency of conventional insurance is better than Islamic insurance. Islamic insurance management capabilities are lower than conventional insurance companies’ management capabilities.
Transformation of Mosque Management Through Islamic Social Enterprise Concept Rizqi Anfanni Fahmi
Journal of Islamic Economics Lariba Vol. 8 No. 1 (2022)
Publisher : Department of Islamic Economics, Islamic University of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol8.iss1.art10

Abstract

Mosque management tends to be traditional and still relies on donations from congregations to finance mosque activities. So far, studies related to the transformation of mosque management tend to discuss information system management and mosque finances. This paper aims to complete the shortcomings of the existing studies by offering the transformation of mosque management through the concept of Islamic Social Enterprise. This study uses a literature study approach from various journal articles, books, and online news related to mosque management, Islamic Social Enterprise, and mosque business units. This study is a conceptual text to formulate the transformation of mosque management toward the concept of Islamic Social Enterprise. The findings of this study indicate three main points. First, there is an urgency to transform the mosque. Second, the relevance of Islamic Social Enterprise characteristics with mosques in the form of mosque business units. Third, from the examples of several mosques, it is found that there are indications that the mosque business unit has a contribution to the mosque's income and the economic welfare of the community. This paper contributes to strengthening efforts to improve the performance and usefulness of mosques as non-profit organizations.
Efficiency in Islamic and Conventional Banking in Indonesia Faiza Husnayeni Nahar; Mufti Alam Adha; Rofiul Wahyudi
Journal of Islamic Economics Lariba Vol. 8 No. 1 (2022)
Publisher : Department of Islamic Economics, Islamic University of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol8.iss1.art11

Abstract

Islamic banking, as the relatively new player in financial services, also take parts as contributor to the growth of Indonesian economy along with the conventional one.  The main purpose of this research is to analyze the efficiency of Islamic and Conventional banking in Indonesia. This research used non-parametric frontier approach, Data Envelopment Analysis (DEA), to examine the efficiency in Islamic and Conventional banks in Indonesia. It is focused on measuring technical efficiency (TE), pure technical efficiency (PTE) and scale efficiency (SE) of Islamic and Conventional banking.  The finding reveals that both of Islamic and Conventional banks are relatively high on scale efficiency. On the other hand, technical is found as the least contributor to gain efficiency for banks after pure technical efficiency level.  Therefore, it is suggested to bank, to manage the resources maximally, utilize information technology optimally and operate at optimum operation scale.
A Halal Cryptocurrency Model Under the Maqashid Al-Shari’ah Scheme Mohammad Farid Fad; Ali Imron
Journal of Islamic Economics Lariba Vol. 8 No. 1 (2022)
Publisher : Department of Islamic Economics, Islamic University of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol8.iss1.art14

Abstract

Innovations in economic activities are developing rapidly in this digital era. One of such innovations is the emergence of cryptocurrencies as new products in digital transactions. Cryptocurrencies can be used in the form of commodities or currencies. However, some cases related to cryptocurrencies have occurred in several countries. Given this fact, it is considered necessary to have a halal cryptocurrency formulation within the maqashid al-shari’ah frame. The analysis used in the research of a halal cryptocurrency model under the maqashid al-shari’ah scheme is descriptive-analytical in nature and complies with the ushuliyyah approach. In this model, a guarantor and a supervisor from the side of the Government are essential to eliminating the potential for chaos to occur. This model pays attention to ethical compliance with maqashid al-shari’ah which also has the principles of al-tabarruat. This application of maqashid al-shari’ah will be able to provide a framework for a cryptocurrency model that is in accordance with Islamic law. This model will also generate benefits and create quality economic growth.
The Application of Al-Wakalah bil Ujrah Contract on Unit Link Insurance According to DSN-MUI Fatwa No. 52 2006: A Case Study of PRUlink Syariah Generasi Baru Fadhila Sukur Indra; Sahira Sajjadia Luthia; Andini Rachmawati; Arif Dian Santoso; Devid Frastiawan Amir Sup
Journal of Islamic Economics Lariba Vol. 8 No. 1 (2022)
Publisher : Department of Islamic Economics, Islamic University of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol8.iss1.art15

Abstract

Insurance makes the fund prepared accurately when problems or disasters occur without predictions. Also, in sharia insurance, there is al-wakalah bil ujrah which is used to give authority to manage the premium collected funds so that they can be useful and develop. This study aims to determine how the application of the al-wakalah bil ujrah contract on PRULink Syariah Generasi Baru at PT Prudential Indonesia. Then, to find out the level of validity according to the Fatwa DSN-MUI No: 52/DSN-MUI/III/2006 concerning al-Wakalah bil Ujrah Contract on Sharia Insurance and Reinsurance. This study uses a qualitative method in field research and a descriptive analysis approach. Data collection was carried out through field observations, interviews with related sources, and documentation which was analyzed using the measurement tool to DSN-MUI Fatwa No: 52/DSN-MUI/III/2006. The results shows that Prudential Syariah Yogyakarta Branch sufficiently met the criteria set by the DSN-MUI Fatwa No: 52/DSN-MUI/III/2006 concerning al-wakalah bil ujrah Contract on Sharia Insurance and Reinsurance. All provisions are written and explained at the beginning of the contract, although not all mechanisms are included in the company standard, such as the accuracy of the allocation of investment funds that distributed to the stock market, the criteria for insurance participants who do not meet the requirements surplus sharing and the lack of transparency in the management of tabarru' funds.
Comparison of Rahn Contract from the Perspective of Islamic Law and Indonesian Guarantee Law Aang Asari; Muhammad Irkham Firdaus
Journal of Islamic Economics Lariba Vol. 8 No. 2 (2022)
Publisher : Department of Islamic Economics, Islamic University of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol8.iss2.art1

Abstract

This paper analyzed pawn in comparison between the Civil Code and Islamic law. It examined the specific differences between pawn contracts in Islamic law and Indonesian positive law to compare two contract theories. The method used in this paper is a qualitative approach. The type used in writing this article is library research. The author examines, observes and looks for data from reference books that can be accounted for. The result of the research in this paper is that the term pawn in Islamic law is called ar-rahn. The difference between rahn and pawn in positive law, among others, is regarding the maintenance of the collateral. In Islamic law the pawnbroker is not subject to the term interest or additional costs outside the pawn agreement, but there is only an additional maintenance fee for the collateral. Whereas in positive law, in addition to the cost of maintaining goods, there is also an additional cost called 'interest' that must be borne by the lender. In Islamic law collateral goods are not limited to movable goods, but also immovable goods, while in positive law the collateral object is only limited to movable goods.

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