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Contact Name
Aris Munandar
Contact Email
aris.m@uin-suka.ac.id
Phone
+6285157115203
Journal Mail Official
aris.m@uin-suka.ac.id
Editorial Address
https://ejournal.uin-suka.ac.id/febi/bie/about/editorialTeam
Location
Kab. sleman,
Daerah istimewa yogyakarta
INDONESIA
Bulletin of Islamic Economics
ISSN : -     EISSN : 28299566     DOI : https://doi.org/10.14421/bie.
Core Subject : Economy,
Bulletin of Islamic Economics (BIE) is designed to provide a forum for researchers or academicians and also practitioners who are interested in knowledge and in discussing ideas, issues, and challenges in the field of Islamic economics. BIE aims to provide fast access to high-quality papers and a continual platform for sharing studies of academicians, researchers, and practitioners; disseminate knowledge and research in various fields of Islamic economics, Islamic Business Ethics and Entrepreneurship, Islamic Economic Thought, Islamic Moral Economy, Islamic Public Finance (Zakat, Infaq, Shodaqoh, and Waqf), Poverty Alleviation, Islamic Monetary Economics, Islamic Economic Development, Maqasid al-Shariah, Islamic Institutional Economics, Shariah Issues, and Regulatory Issues in Islam and other topics which related to this area.
Articles 36 Documents
Zakah Contribution for Community Economic Development with Analytical Networking Process Method M Zidny Nafi' Hasbi; Ipuk Widayanti
Bulletin of Islamic Economics Vol. 1 No. 1 (2022)
Publisher : Department of Islamic Economics, Faculty of Islamic Economics and Business, Universitas Islam Negeri Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/bie.2022.011-04

Abstract

The purpose of this study is to describe theoretically and applied zakat as an Islamic financial instrument that has one function to alleviate poverty. The function of zakat is in line with the goal of sustainable community economic development which is a form of global commitment in spurring economic growth for the better. This type of research is mixed methods using the Analytical Process Networking approach. The analysis technique of this research used purposive sampling. Objects in the study include zakat management organizations, academics, government, and practitioners. The findings of this study are that the priority of implementing zakat distribution in supporting sustainable community economic development is the social aspect with a rater agreement W=0.36444. Four strategies can achieve sustainable community economic development, namely: 1) Improving the quality and quantity of concern for community social institutions and stakeholders; 2) Improve disaster risk reduction comprehensively and efficiently; 3) Improving the quality of fair law enforcement 4) Increasing job opportunities and concern for community MSMEs.
Does Hijrah Trends Create a Different Decision on Behavior Consumption of Indonesian Muslims? Irma Yuliani; Alif Khuwarazmi
Bulletin of Islamic Economics Vol. 1 No. 1 (2022)
Publisher : Department of Islamic Economics, Faculty of Islamic Economics and Business, Universitas Islam Negeri Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/bie.2022.011-02

Abstract

The growth of digital activity in human life has an impact on hijrah activities among Indonesian Muslims. Digital activities have encouraged the spirit of Indonesian muslim through religious persuasion from figures who become their role models (their idols), including reciter of holy Qur’an (qari’), asatidz, da'i, Muslim celebrities, singer of nasyid and other figures. Not everyone sees the trend, although in religious perspective the hijrah activities still reap a lot of controversy, but in other hand these activities have a diffirent impact on the economic sector. This study aims to investigate the impact of hijah trend of Indonesian muslim on the consumer decision to consume halal product in Indonesia. The sample of this study collected from some populations in Indonesia. To observe the specific characteristics, this study will devide the socio economic and demographic character through three regional classifications, consisting of eastern Indonesia, central Indonesia, and western Indonesia. The variables that employed in this study are religiosity, socio economic and demographic, and also the product attribute to find the impact of hijrah trend on the consumer decision to consume halal product (food, islamic modest fashion, cosmetic) in Indonesia. The method that used in this study is quantitative using Theory Planned Behavior approaches that was analyzed with Structural Equation Modelling-Partial Least Square (SEM-PLS) approach. The results show, the consideration of religiosity of Indonesian muslim to consume halal product increasingly grow when driven by spirit of hijrah of Indonesian muslim. Beside that, variabel Religiosity, islamic branding, persuasive marketing, product quality, appetite, price also accepted empically.
The Effect of Fundamental Factors on Corporate Social Responsibility in Property and Real Estate Companies in ISSI 2016-2020 Weri Mahendra
Bulletin of Islamic Economics Vol. 1 No. 1 (2022)
Publisher : Department of Islamic Economics, Faculty of Islamic Economics and Business, Universitas Islam Negeri Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/bie.2022.011-03

Abstract

This study aims to analyze the fundamental factors of property and real estate companies in 2016-2020 in the Indonesian sharia stock index (ISSI), which consists of liquidity (CR), profitability (ROA), company size (CR), leverage (DER) influential or whether or not to corporate social responsibility (CSR). In this study, panel data analysis was used to find the best model, namely the Common Effect Model (CEM), Fixed Effect Model (FEM), Random Effect Model (REM) with purposive sampling method in order to obtain data in accordance with predetermined categories with data originating from 15 selected property and real estate companies that report corporate social responsibility and financial summary in the annual report and sustainability report that have been registered with ISSI in the 2016-2020 period. The results of this study simultaneously show that all independent variables, namely firm size (SIZE), profitability (ROA), liquidity (CR), leverage (DER) have a significant influence on CSR. Meanwhile, partially the firm size variable has a positive and significant effect on CSR and the leverage, profitability and liquidity variables do not have a positive and significant effect on CSR.
Determinants of Islamic Equity Funds Performance: Case Study of Indonesia Fadel Rahman; Abdul Qoyum
Bulletin of Islamic Economics Vol. 1 No. 1 (2022)
Publisher : Department of Islamic Economics, Faculty of Islamic Economics and Business, Universitas Islam Negeri Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/bie.2022.011-01

Abstract

The performance of Islamic mutual funds is significant either for investors or policy-makers. Many factors affect the performance of Islamic mutual funds, such as internal factors, external factors (macroeconomics), and market index. This study aims to analyze the impact of the past return of Islamic mutual fund, BI rate, and the Jakarta Islamic Index (JII) on the performance of Islamic equity mutual funds. By employing panel data regression analysis, this study documented some interesting findings. The statistical testing revealed that BI rate, which is used as an indicator for external factors and JII (as Market factors), have a positive impact on the performance of Islamic equity mutual funds. In contrast, the past return does not affect the performance of Islamic equity funds. This study suggests that the investor must consider internal, and external factor in the investment activities.
The Effect of Macroeconomic Indicators on Collection of Zakat, Infaq, and Alms (ZIS): A Case of the National Zakat Amil Agency (BAZNAS) in Java 2013-2020 Abdullah Abdullah; Abdul Qoyum
Bulletin of Islamic Economics Vol. 1 No. 1 (2022)
Publisher : Department of Islamic Economics, Faculty of Islamic Economics and Business, Universitas Islam Negeri Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/bie.2022.011-05

Abstract

Indonesia is the largest Muslim country in the world with a Muslim population of 229 million people and ZIS collection institutions such as BAZNAS and LAZIS have spread throughout the archipelago. This research aims to determine how much influence the variables have in increasing the collection of Zakat, Infaq, and Alms (ZIS) in BAZNAS throughout the Province of Java. The variables used to explain the effect of macroeconomic variables on the collection of Zakat, Infaq, and Alms at BAZNAS are Regional Minimum Wages, Inflation, Per capita Income and Unemployment by using secondary data collection techniques or directly on the BAZNAS official website per year. This study uses the Common Effect Model (CEM) analysis model on panel data regression using time series and cross section data for the years 2013-2020.The results of this study indicate that of all independent variables that can affect ZIS income, only inflation and per capita income variables, while the Provincial Minimum Wage and Unemployment variables have no effect on the dependent variable.
The Effect of Service Quality, Personal Selling, and Complaint Handling on Customer Retention of Sharia Bank Customers with Customer Satisfaction as Intervening Variable Endri Saprudin; Hasan Al-Banna
Bulletin of Islamic Economics Vol. 1 No. 2 (2022)
Publisher : Department of Islamic Economics, Faculty of Islamic Economics and Business, Universitas Islam Negeri Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/bie.2022.012-03

Abstract

Customer retention is an important element of any banking strategy in today's increasingly competitive environment. The purpose of this study is to examine and explain the effect of service quality, personal selling, and complaint handling on customer retention in Islamic bank customers in Indonesia with customer satisfaction as an intervening variable. The population of this study was Islamic bank customers in Indonesia with sampling using a purposive sampling technique, the number of samples used in this study was 107 respondents. The data analysis technique used is SEM-PLS using Warp PLS version 7.0 as a data processing tool. The results of this study indicate that service quality, personal selling, and complaint handling have a significant positive effect on customer satisfaction. Customer satisfaction itself has a significant positive effect on customer retention, while the three independent variables have no significant effect directly on customer retention. Different results when service quality, personal selling, and complaint handling have a significant positive effect on customer retention after being mediated by customer satisfaction variables.
Comparison of Village Cooperative (KUD) and Village-Owned Enterprises (BUM Desa) in Indonesia Miftakhul Choiri
Bulletin of Islamic Economics Vol. 1 No. 2 (2022)
Publisher : Department of Islamic Economics, Faculty of Islamic Economics and Business, Universitas Islam Negeri Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/bie.2022.012-02

Abstract

This paper aims to seek the difference between Village Unit Cooperatives (KUD) and Village Owned Enterprises (BUM Desa). This paper also seeks to observe the impact of the establishment of BUM Desa on KUD and the possibility of synergy between the two institutions. In this study, the methodology used is normative legal research with a comparative approach. This research shows that both institutions have the same goal, namely to enhance the village community’s quality of life. Even so, BUM Desa has a wider scope of business than KUD. In addition, this study also shows the possibility of synergies between the two business entities. Empirical studies are very open and needed to strengthen the synergy idea between the two business entities. The originality of this paper is because it examines the legal and socio-economic aspects of KUD and BUM Desa.
Sharia Review of Mutual Funds Selling Agents: A Case Study of Ajaib Applications Ahmad Fatoni; Roni Hidayat; Nining Nurhasanah
Bulletin of Islamic Economics Vol. 1 No. 2 (2022)
Publisher : Department of Islamic Economics, Faculty of Islamic Economics and Business, Universitas Islam Negeri Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/bie.2022.012-05

Abstract

Capital market companies are currently developing, one of which is the spread of Islamic mutual funds which is facilitated by technological advances, namely the availability of platforms to make it easier for the users. PT. Takjub Teknologi Indonesia is an agent selling mutual fund securities, which carries the Ajaib application for mutual fund transactions. Companies that act as intermediaries for investors and investment managers. The formulation of the research problem is: What is the role and perspective of the sharia application of Ajaib as an agent selling mutual fund securities? This study aims to determine the role of the Ajaib application and review it in Sharia studies. The method used is a descriptive qualitative approach. This research resulted in several points as follows: 1). The role of the Ajaib application has the main task of marketing the securities of Islamic mutual funds to investment managers. Supported by the function of investor complaints and operating standards in writing, 2). Based on the Sharia review of the role of the Ajaib application, it fulfills the pillars and requirements of the samsarah contract, is following the sharia maqashid, and meets the existing fikhiyah rules, and in its application, this application meets muamalah etiquette.
Optimize Productive Zakat to Eradicate Poverty Ramadhani, Rega; Mahbubi, Rafli; Syarah, Syarah
Bulletin of Islamic Economics Vol. 2 No. 1 (2023)
Publisher : Department of Islamic Economics, Faculty of Islamic Economics and Business, Universitas Islam Negeri Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/bie.2023.021-02

Abstract

This article discusses how the use of productive zakat can have a major impact on the macro economy, especially in minimizing poverty that is rife in society in a country. This study uses a qualitative method with a literature study approach. The type of data is in the form of narrative, the data source is in the form of publications, both physical print and online. This paper finds that the optimization of productive zakat carried out by institutions that specifically handle the distribution of zakat, can be one of the stimuluses for assistance to people (mustahik) in need, which can raise the standard of living to be better than before. So that in the end the distribution of productive zakat is expected to have an impact on reducing and anticipating poverty that occurs.
The Effect of Islamic Bank Financing on the Human Development Index: A Case Study of 15 Cities on Java Island Hanifa Salsabila; Riswanti Budi Sekaringsih
Bulletin of Islamic Economics Vol. 1 No. 2 (2022)
Publisher : Department of Islamic Economics, Faculty of Islamic Economics and Business, Universitas Islam Negeri Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/bie.2022.012-01

Abstract

The Human Development Index (IPM) measures how people can access development results in obtaining income, health, and education. This study aimed to determine whether Islamic bank financing, poverty, and Gross Regional Domestic Product (GRDP) have a relationship and influence the Human Development Index in 15 cities in Java Island for 2015-2021. The quantitative approach uses secondary data from the Financial Services Authority (OJK) for Islamic bank financing data. In contrast, Poverty and GRDP data from the Central Bureau of Statistics (BPS). The data used in this study is annual data from 2015 to 2021. The estimation method used is panel data regression with the Random Effects model. The study results that the Islamic bank financing variable has a significant positive effect on HDI. Meanwhile, the Poverty and GRDP variables significantly and negatively affect the Human Development Index. Simultaneously, the variables of Islamic bank financing, poverty, and GRDP affect the Human Development Index.

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