cover
Contact Name
Ismail
Contact Email
merdekakreasi2019@gmail.com
Phone
+6282167101076
Journal Mail Official
merdekakreasi2019@gmail.com
Editorial Address
Jl. Gagak Hitam, Komplek Bumi Seroja Permai Villa No. 18. Medan Sunggal, Medan, Provinsi Sumatera Utara, 20128
Location
Kota medan,
Sumatera utara
INDONESIA
Journal of Global Islamic Economic Studies
Published by Merdeka Kreasi
ISSN : -     EISSN : 29877008     DOI : -
Core Subject : Economy,
Aim: The aim of the Journal of Global Islamic Economic Studies (JGIES) is to contribute to the advancement of knowledge and understanding in the field of Islamic economics with a global perspective. The journal seeks to publish high-quality research that explores various aspects of Islamic economics, including theory, practice, policy, and their implications on economic development, financial systems, business practices, and socio-economic well-being. Scope: The Journal of Global Islamic Economic Studies welcomes original research articles, reviews, and theoretical contributions that address a wide range of topics related to global Islamic economics. The scope of the journal includes, but is not limited to: 1. Islamic Economic Theory and Methodology: The development and refinement of theoretical frameworks in Islamic economics. Methodological approaches in studying Islamic economics. Comparative analysis of Islamic economics with conventional economic theories. 2. Islamic Finance and Banking: Analysis of Islamic banking systems, financial instruments, and products. Examination of Islamic capital markets, investment, and risk management. Evaluation of the performance and efficiency of Islamic financial institutions. 3. Islamic Business and Entrepreneurship: Study of Islamic business ethics, corporate governance, and social responsibility. Exploration of Islamic entrepreneurship, innovation, and sustainable business practices. Analysis of the role of Islamic economics in promoting inclusive and equitable economic growth. 4. Socio-economic Development and Poverty Alleviation: Assessment of the impact of Islamic economics on poverty reduction and social welfare. Examination of Islamic microfinance, zakat, and waqf as tools for socio-economic development. Analysis of Islamic economics in promoting sustainable development and achieving the United Nations Sustainable Development Goals (SDGs). 5. Islamic Economic Policies and Governance: Evaluation of the implementation and effectiveness of Islamic economic policies. Analysis of the role of Islamic economics in national and international economic governance. Exploration of the interactions between Islamic economics and public policy.
Articles 44 Documents
The Effect of Halal Labeling and Religiosity on Buyers Decisions on Halal Cosmetic Products (Case Study of Umsu Students) Rini Wardani; Novien Rialdy
Journal of Global Islamic Economic Studies Vol. 1 No. 2 (2023): Journal of Global Islamic Economic Studies
Publisher : Penerbit Merdeka Kreasi

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study aims to analyze the effect of halal labeling and religiosity on buyers' decisions of halal cosmetic products, this research uses quantitative research techniques, involving field research, this research was conducted at Muhammadiyah University of North Sumatra, In this study, there is an effect of halal labeling on purchasing decisions because the value of t count > t table (5.895> 2.010) and a significance level of 0.000 <0.05. In this study, there is an influence of religiosity on purchasing decisions because the value of t count > t table (4.157> 2.010) and a significance level of 0.000 <0.05. In this research, it can be seen that the f table value is 146,593 and the significance level is 0,000. In this study, both Religiosity and Halal Labeling have an influence on purchasing decisions because f count > f table (146,593 > 2.80) and significance level (0,000 <0.05), the value of R Square is 0.859 or 85.9% contribution of independent variables (Religiosity and Halal Labeling) to Purchase Decision while the remaining 14.1% is influenced by other factors not examined in this study.
Agustianto and Muhammad's Thoughts Regarding Financing Agreements and Their Relevance To Growth and Development Sharia Banking In Indonesia Asmaul Husna; Ismail; Syahrul Wahyudi
Journal of Global Islamic Economic Studies Vol. 1 No. 2 (2023): Journal of Global Islamic Economic Studies
Publisher : Penerbit Merdeka Kreasi

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This paper is a study that aims to investigate, identify, map, and analyze the thoughts of Agustianto and Muhammad related to hybrid contracts in Islamic banking and their relevance to the growth and development of Islamic banking in Indonesia. The research methodology used is a review of Agustianto's and Muhammad's thoughts in their books, articles, and videos, as well as verbal communication interviews with these figures. In addition, comparisons are also made to previous studies both on a local Indonesian scale and on an international scale. From this investigation, the results were found: first, the social, cultural, and educational backgrounds so clearly color the thinking patterns of Agustianto and Muhammad. Second, Agustianto and Muhammad are concerned with the development of sharia financing products, especially hybrid contracts. They both believe that hybrid contracts in the present and future are a necessity. Even Agustianto is currently successful in making his own manhaj regarding hybrid contracts, where he divides hybrid contracts into six types. Third, Agustianto consistently criticizes the lack of quality human resources in Islamic banking which can hinder the emergence of innovative financing products in Islamic banking. Meanwhile Muhammad criticized the implementation of many contracts in Islamic banking financing, it was clear that he was trying to put the contract in a fair implementation, for the bank as well as for the customer.
Analysis of the Role of Financial Technology (Fintech) in Increasing MSME Profits in Medan City Widya Sirait; Salman Nasution; Asmaul Husna
Journal of Global Islamic Economic Studies Vol. 1 No. 2 (2023): Journal of Global Islamic Economic Studies
Publisher : Penerbit Merdeka Kreasi

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This research aims to analyze the role of Financial Technology (Fintech) in increasing the profits of MSMEs in Medan City and analyze the risks and obstacles in using Fintech to increase the profits of MSMEs in Medan City. The method used in this research is descriptive qualitative with the type of data used being primary data and secondary data regarding Fintech, and with descriptive analysis techniques through observations, interviews and documentation. The population used is MSME actors in Medan City and the sample used is 20 MSME actors in Medan City who use Fintech as non-cash payments. The results of this research show that the role of fintech in increasing the profits of MSMEs in Medan City includes: a) providing convenience, speed and comfort for MSMEs in making transactions via digital payments; b) make it easier for MSMEs to manage finances and increase income; c) attract customers and increase sales volume by means of MSME players making promotions via fintech platforms; d) makes it easier for MSMEs to monitor sales and profits because the bookkeeping system is automatic; e) make MSME players more active in innovating to increase types of business and expand their marketing. Meanwhile, the obstacles to using fintech in increasing the profits of MSMEs in Medan City are: a) the use of fintech depends on the internet network, if the network is not good then online payment transactions cannot be used; b) MSME players must pay fees to fintech service providers for their use. Meanwhile, the risks of using fintech to increase MSME profits in Medan City are: a) website disruption caused by hackers.
Pesantren Dalam Realitas Pengelolaan ZISWAF Kontemporer Muhammad Zuhirsyan; Irwan Musriza; Ahmad Kholil; Tarikh al-Hafizh
Journal of Global Islamic Economic Studies Vol. 1 No. 2 (2023): Journal of Global Islamic Economic Studies
Publisher : Penerbit Merdeka Kreasi

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Penelitian ini dilakukan untuk melihat realitas peran pengelolaan ZISWAF Kontemporer di lembaga pendidikan berbasis pesantren. Metode penelitian ini menggunakan pendekatan kualitatif fenomologi yang bersifat deskriptif analitis dan induktif. Objek penelitian ini menggunakan beberapa pesantren modern yang berada di Kota Medan, Langkat, Deli Serdang dan Serdang Bedagai, Sumatera Utara. Hasil penelitian menunjukkan Pesantren memiliki peran yang sangat penting dalam pengelolaan ZISWAF dalam upaya membantu menopang perekonomian masyarakat. Dalam impelentasi pengelolaan ZISWAF Intra Pesantren perlu dibutuhkan persiapan kader yang mampu melakukan penghimpunan, pengelolaan dan pendistribusikan dana ZISWAF dengan mengikutsertakan para pengasuh untuk mengikuti sertifikasi baik yang dilaksanakan LSP di BAZNAS maupun BWI.  Di tambah lagi perlu juga melakukan berbagai persiapan pengembangan infrastuktur laboratorium yang bisa dijadikan kantor pengelolaan ZISWAF di dalam pesantren, Di samping itu, tidak kalah penting perlu dilakukan syiar internal maupun internal untuk mempromosikan lembaga ZISWAF baik ke lembaga pemerintah maupun swasta, sehingga dapat dikenal luas oleh berbagai kalangan masyarakat yang tentunya dengan tidak mengabaikan berbagai upaya memperkuat sistem akuntabilitas dalam pengelolaannya
Economic Prospects of Mosque-Based Publicity: Study On Sharia Cooperation BMT Congregation Of Al Isyah Hakim Mosque Namurambe Burhanuddin Al Butary; Ratna Sari Dewi; Cynthia Syahni
Journal of Global Islamic Economic Studies Vol. 1 No. 3 (2023): Journal of Global Islamic Economic Studies
Publisher : Penerbit Merdeka Kreasi

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This research aims to examine how the contribution of mosque functions can be improved, not just limited to activities. only worship but can also empower the economy of mosque congregations by establishing Baitul Maal wal Tamwil. Researchers' findings from a literature review show that the establishment of mosque-based BMT can significantly improve the congregation's economy. The research design carried out was by going directly to the BMT Al Issyah Hakim Namurambe Mosque Sharia Cooperation field, then strengthening it by collecting articles related to the researcher's theme which were downloaded from Google Scholar for publication in the last 5 years and then sorting them according to the Researcher's Discussion Topic. namely the BMT Strategy in Empowering a Mosque-Based Economy so that 41 articles were obtained. The BMT strategy used was: ZISWAF for Economic Empowerment, Human Resources, Transparency and Accountability, Financial Inclusion, Marketing Management, Implementation of the Economic Sharia Agreement, BMT Performance, Establishment of BMT, ZISWAF integration with BMT, Role Models. This research aims to explore the economic prospects of mosque-based society by the congregation of the Al IssyAH Hakim Namurambe mosque. The research carried out is classified as field research. That way, research objects are objects in the field that are able to provide information about research studies. This type of research is descriptive field research with a qualitative approach. The output produced is a national journal and other proceedings. The population and samples to be taken have been determined and arranged according to research needs. This research shows that the congregation of the Al Issyah Hakim Namurambe mosque.
Literature Review: How and What is the Inflation Rate in Indonesia Today? What is the Government's Effort? Dinda Sahira Rifly; Abd. Rasyid Syamsuri
Journal of Global Islamic Economic Studies Vol. 1 No. 3 (2023): Journal of Global Islamic Economic Studies
Publisher : Penerbit Merdeka Kreasi

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The literature review in this article aims to examine how and what is the current inflation rate in Indonesia and what efforts the government has made to follow up on things that are happening to related matters. The phenomenon of inflation in Indonesia is actually not solely a short-term phenomenon and one that occurs situationally, but like what is common in other developing countries, the inflation problem in Indonesia is more of a long-term inflation problem because there are still structural obstacles in the country's economy. Thus, it is not enough to improve the inflation problem in Indonesia by using monetary instruments alone, which are generally short-term, but also by making improvements in the real sector, namely with the main target of eliminating structural obstacles in the national economy. REFERENCE   Adinugraha, H. H., Effendi, B., Rohmawati, I., & Khazani, A. N. (2021). Islamic Macroeconomics. NEM Publishers. Amrin. (2014). Forecasting Indonesia's inflation rate using neural network backpropagation based on the time series method. Nusa Mandiri Techno Journal. Central Statistics Agency. (2024). Development of the Consumer Price Index/Inflation. Jakarta: BPS. Bakti, T. D., Sumanjaya, R., & Hasution, S. H. (2010). Macroeconomics Lecturer. USUpress. Bank Indonesia. (2024). Inflation Report (Consumer Price Index) January 2024. Jakarta: BI Press. Bank Indonesia. (2024). Monetary Policy Review for the First Quarter of 2024. Jakarta: BI Press. Institute of Economics. (2023). The Impact of Inflation on the Welfare of the Indonesian People. Indonesian Economic Journal, 8(2), 145-160. Ismail, I., Misrah, M., & Soemitra, A. (2022). Bibliometric Analysis of Zakat Development in Indonesia During the Covid-19 Pandemic. Jurnal Ilmiah Ekonomi Islam, 8(2), 1357-1364. Soemitra, A., Ismal, R., Al-Butary, B., Ismail, I., Arpizal, A., & Harahap, R. A. (2021). MAQASID SHARIA IMPLEMENTATION IN MONETARY POLICY: A Literature Study. el-Amwal, 4(2). Hartini, D., & Utomo, Y. P. (2017). Analysis of the influence of inflation on economic growth in Indonesia. Journal of Development Economics. Ministry of Finance of the Republic of Indonesia. (2024). Indonesian Macroeconomic Analysis 2024. Jakarta: Ministry of Finance. Coordinating Ministry for Economic Affairs. (2024). National Inflation Control Strategy 2024. Jakarta: Coordinating Ministry for Political Affairs. Meita Nova Yanti Panjaitan, W. (2016). Influencing Factors Pella, B. J. J. S. (2024). The Effect of Food Security on Inflation, Especially Chili Products. Akubis: Journal of Accounting and Business, 9(1), 01-08. Rahmawati, D. D., & Riyanto, W. H. (2017). Analysis of the Effect of Bank Indonesia Certificate Interest Rate and Money Supply on the Inflation Rate in Indonesia for the Period 2006.1-2015.12 (Error Correction Model Approach). Journal of Economics JIE, 1(1), 60-74. Sri Handini, M. M., & Erwin Dyah Astawinetu, M. M. (2020). Portfolio theory and the Indonesian capital market. Scopindo Media Library. Sudiarti, S. (2022). PROBLEMATIKA HUKUM UMRAH KREDIT DALAM PANDANGAN IMAM SYAFII. CENDEKIA: Jurnal Studi Keislaman, 8(1), 63-80.  
Productive Waqf: Solutions for Strengthening the Ummah's Economy and Social Empowerment Syahrial Arif Hutagalung; Irvan Murizal; Rizki Isnani Fadhila Saragih
Journal of Global Islamic Economic Studies Vol. 1 No. 3 (2023): Journal of Global Islamic Economic Studies
Publisher : Penerbit Merdeka Kreasi

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This research focuses on optimizing the management of productive waqf as a solution for economic and social empowerment in Indonesia. With the potential for waqf reaching Rp2,000 trillion per year but the realization is still low, this study highlights the importance of transforming waqf from a consumptive to productive model to strengthen the welfare of the people. The method used is a literature review with a qualitative approach, which analyzes various sources related to the implementation of productive waqf. Data was collected from relevant journals, books, and research reports from 2018-2023. The results of the study show that the implementation of productive waqf has succeeded in increasing people's income by up to 40-60% through the creation of jobs and waqf-based business units. Technological innovations, such as the adoption of digital platforms and blockchain, play an important role in increasing transparency and accountability in waqf management. This research also underscores the importance of cross-sector collaboration and strengthening the capacity of nazhir for program sustainability. The contribution of this research lies in the development of an integrative model that combines technological, social, and economic aspects, as well as the formulation of a comprehensive monitoring system. The novelty of this study is a holistic approach that not only focuses on economic aspects, but also social empowerment and improving the quality of human resources in the productive waqf ecosystem. This research is expected to be a reference in accelerating the transformation of productive waqf for the welfare of the people in Indonesia. REFERENCES Abdullah, M. (2022). Productive Waqf Replication Model: A Comparative Study Between Regions. Journal of Waqf and Islamic Economics, 7(2), 89-104. Ahmad, S. (2022). The Role of Professional Nazhir in Optimizing Productive Waqf. Journal of Zakat and Waqf Management, 3(1), 67-82. ⁵Karim, A. (2021). Multiplier Effect of Productive Waqf on Regional Economic Growth. Economic Journal of Emerging Markets, 9(2), 156-170. Ahmad, S. (2023). Modern Waqf Management: Professionalization and Digitalization of Waqf Management. Journal of Islamic Business and Management, 8(2), 89-104. Aminah, S. (2023). Strengthening Social Capital through the Productive Waqf Program. Journal of Islamic Community Development, 7(2), 112-128. Arifin, M. (2023). Evaluation of the Impact of Waqf-Based Human Resource Development Programs. Islamic Social Sciences Quarterly, 5(1), 89-104. Aziz, M. (2023). Implementation of Blockchain Technology in Waqf Management: Opportunities and Challenges. Journal of Islamic Finance and Technology, 6(1), 67-82. Indonesian Waqf Agency. (2023). Report on the Potential and Development of Waqf in Indonesia in 2023. Jakarta: BWI Press. Fatimah, Z. (2023). Digital Literacy in Productive Waqf Management. Journal of Islamic Finance and Technology, 6(1), 23-38. Hasanah, I. (2022). Transformation of Productive Waqf: An Analysis of Economic Impact on Beneficiary Communities. Journal of Sharia Economics, 7(2), 145-160. Hassan, F. (2023). The Impact of Productive Waqf on Poverty Alleviation. Journal of Islamic Social Economics, 8(2), 123-138. Hassan, R. (2022). Digital Transformation in Waqf Management: Challenges and Opportunities. International Journal of Islamic Economics, 10(2), 156-171. Hidayat, R. (2021). Effectiveness of Training Programs in Improving the Competence of Waqf Managers. Journal of Islamic Economics and Business, 6(2), 78-93. Ismail, A. (2023). Standardization of Human Resource Development Programs in Productive Waqf Management. Islamic Management Studies, 6(1), 45-60. Ismail, I., Misrah, M., & Soemitra, A. (2022). Bibliometric Analysis of Zakat Development in Indonesia During the Covid-19 Pandemic. Jurnal Ilmiah Ekonomi Islam, 8(2), 1357-1364. Ismail, D. G., Majid, M. S. A., Marliyah, R. H., & Handayani, R. (2022). Productive zakat as a financial instrument in economic empowerment in Indonesia: A literature study. International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS), 2(1), 83-92. Karim, A. (2022). Nazhir Capacity Building: A Study on the Effectiveness of Training and Mentoring Programs. Journal of Zakat and Waqf Management, 5(2), 112-127. Kusuma, D. (2022). Knowledge Transfer Mechanism in the Productive Waqf Program. Journal of Da'wah Management, 5(1), 67-82. Malik, S. (2022). Stakeholder Synergy in the Development of Productive Waqf. Journal of Islamic Economics and Development, 6(1), 67-82. Nugroho, B. (2023). Technological Innovation in the Management of Productive Waqf. Islamic Finance and Technology Journal, 4(2), 112-127. Rahman, A. (2020). Analysis of the Impact of the Productive Waqf Program on Improving Community Welfare. Islamic Economics Review, 8(1), 12-28. Rahman, A. (2021). Waqf-Based Economic Empowerment Theory: A Holistic Approach in the Economic Development of the People. Islamic Economics Review, 9(1), 23-38. Rahmawati, A. (2023). Transformation of Waqf Management Towards Professional Governance. Islamic Management Review, 5(1), 45-60. Santoso, B. (2022). Collaboration and Innovation in Waqf-Based Business Development. Business and Islamic Economics Journal, 9(2), 156-171. Wahid, H. (2023). Integration of Local Wisdom in the Development of Productive Waqf. Journal of Islamic Social Sciences, 4(1), 34-49. Widodo, H. (2022). Monitoring and Evaluation System of the Sustainable Waqf Program. Journal of Islamic Economics and Development, 5(2), 156-171. Wijaya, H. (2023). Mentoring System in Waqf-Based Entrepreneurial Development. Islamic Economics Review, 8(2), 134-149. Yusuf, M. (2023). Monitoring and Evaluation System of the Productive Waqf Program. Islamic Economics Studies, 5(1), 78-93.  
IJTIHAD DAN PENERAPANNYA DALAM EKONOMI KEUANGAN Hutagalung, Syahrial Arif; Annisa Afwani; Dinda Nurayuni Humaira; Muhammad Abdillah Pratama; Sherin Aulia Putri; Stefani
Journal of Global Islamic Economic Studies Vol. 1 No. 3 (2023): Journal of Global Islamic Economic Studies
Publisher : Penerbit Merdeka Kreasi

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This research discusses the role of ijtihad in the innovation of Islamic banking and finance products, focusing on products such as Sukuk and Murabahah. Ijtihad is important in developing these products to be in accordance with sharia principles, especially in facing the challenges of the conventional financial system based on riba. Sukuk, as an alternative to conventional bonds, is based on the ownership of real assets, while Murabahah is a financing method that does not involve interest. In addition, this paper also highlights the challenges faced by sharia fintechs, particularly in the P2P lending model, which requires ijtihad to ensure compliance with sharia principles. The author emphasizes the importance of general principles in muamalah, such as the prohibition of usury and tyranny, as well as the need for careful ijtihad to maintain the relevance of Islamic financial products to the needs of the times. Obstacles in the ijtihad process, including differences of opinion among scholars, the complexity of modern financial products, and limited resources, were also discussed. In addition, the role of women in contemporary ijtihad is recognized as an important contribution in providing new perspectives and fighting for gender justice.
ISLAM AND ECONOMIC DEVELOPMENT: The Contribution of Islamic Values in Encouraging Sustainable Economic Development Sri Purwasih Simamora; Ismail; Attarikhul Kabir
Journal of Global Islamic Economic Studies Vol. 1 No. 3 (2023): Journal of Global Islamic Economic Studies
Publisher : Penerbit Merdeka Kreasi

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Economic development is an important agenda in improving people's welfare and creating social justice. However, the dominant conventional approach is often materially oriented towards the growth of the material, without considering the ethical and long-term sustainability dimensions. Islam as a comprehensive system of life offers a paradigm of economic development that integrates spiritual, social, and environmental aspects. This article aims to examine the contribution of Islamic values, especially monotheism, justice, and social responsibility in shaping a sustainable and inclusive economic development system. In addition, the strategic role of Islamic economic instruments such as zakat, waqf, infaq, and alms as pillars of wealth distribution and community empowerment was also discussed. Based on literature studies and conceptual analysis, it was found that Islamic economic values and instruments not only support economic growth, but also ensure equity, maintain social stability, and preserve natural resources. Therefore, the integration of Islamic economic principles into development policies is an important step to create a fair, dignified, and sustainable economic model. This study is expected to contribute to the development of economic development strategies that are more ethical and in accordance with the sharia maqashid.
Analysis of the Role of Assertive Communication Styles in Improving Organizational Performance Ahmad Turmuzi; Andini Valentina; Tetti Saidah Siregar
Journal of Global Islamic Economic Studies Vol. 2 No. 1 (2024): Journal of Global Islamic Economic Studies
Publisher : Penerbit Merdeka Kreasi

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Communication is a fundamental element in modern organizational management. One of the most effective forms of communication in the work environment is assertive communication, which is the ability of individuals to express opinions, feelings, and needs in an honest, open manner, and while respecting the rights of others. This study aims to analyze the role of assertive communication styles in improving organizational performance, especially in the context of work relations, team effectiveness, and its contribution to productivity and well-being. The discussion in this article reviews two main aspects: first, the definition and characteristics of assertive communication styles in organizations; and second, how this communication style contributes to improving organizational performance. Assertive communication has been proven to be able to create a healthy work climate, minimize conflicts, speed up the decision-making process, and strengthen individual confidence and responsibility. In the long run, an assertive communication culture encourages the creation of an adaptive, inclusive, and solution-oriented organization. Leaders and employees who adopt an assertive communication style show improvements in work effectiveness, conflict management, and the ability to build harmonious working relationships. Additionally, organizations that build systems and policies that support open and assertive communication tend to have higher work performance. Thus, assertive communication not only serves as an interpersonal strategy, but also as an important foundation in building organizational excellence in a sustainable manner. The implications of this study emphasize the importance of assertive communication training and the formation of an organizational culture that encourages healthy and constructive self-expression.