Bulletin of Islamic Economics
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
<![CDATA[Fiscal Decentralization and its Effect on Poverty Alleviation: Case Study of Indonesia ]]>
<![CDATA[Rima Melati Anggraeni]]>;
<![CDATA[Mohamad Khusaini]]>;
<![CDATA[Ferry Prasetyia]]>
<![CDATA[ Bulletin of Islamic Economics Vol. 1 No. 2 (2022) ]]>
Publisher : <![CDATA[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.2022.012-04
<![CDATA[This research provides empirical evidence of the effect of fiscal decentralization on poverty alleviation and used data from 505 districts/cities in Indonesia from 2010 to 2019. The poverty rate is used as an indicator to measure the social condition of the area with the parameter of the percentage of the total population below the poverty line, while the fiscal decentralization indicator uses approach to the size of the ratio of PAD to total regional income and expenditure. The estimated results used the fixed effect model shows that fiscal decentralization have significant role to reduce the level of poverty in districts/cities nationally. From this estimation result, the recommended policy formulation is pro-poor fiscal decentralization through strengthening regional financial capacity, both optimizing Original Local Government Revenue (PAD), allocating Transfer Funds to Regions that are specific grants, improving the quality of spending and regional financial management, as well as mechanisms monitoring - better evaluation. In addition, the effectiveness and efficiency of regional government policies in dealing with socio-economic issues such as unemployment and growth population must also be considered.]]>
<![CDATA[Decisions of the Young Generation in Using Digital Banking Services: Structural Equation Modeling Analysis ]]>
<![CDATA[Anggari Kresnowati]]>
<![CDATA[ Bulletin of Islamic Economics Vol. 1 No. 2 (2022) ]]>
Publisher : <![CDATA[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.2022.012-06
<![CDATA[This study aims to create a new research model with a variety of variables to comprehend and forecast the key factors that influence young people's decisions to use digital banking. This study uses a quantitative method with a multivariate analysis approach, for this reason, the Partial Least Square Structural Equation Modeling (PLS-SEM) analysis technique is used. According to the findings of this study, respondents' perceptions of the quality of digital banking products such as mobile banking, SMS banking, phone banking, and internet banking do not influence them to continue using digital banking. Considerations of usability, benefits, risks, and ease of use dominated respondents' decisions to use digital banking services.]]>
<![CDATA[Musyarakah Financing Contribution to The Profitability Of Bank Syariah Indonesia (BSI) ]]>
<![CDATA[Komala, Adeh Ratna]]>;
<![CDATA[Maryati, Mari]]>;
<![CDATA[Hinggis, Fatya Febrianti]]>;
<![CDATA[Fitri, Diana]]>
<![CDATA[ Bulletin of Islamic Economics Vol. 2 No. 1 (2023) ]]>
Publisher : <![CDATA[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.2023.021-01
<![CDATA[Financing products offered by Islamic banks are diverse, but the most popular one is the murabahah contract. However, the desired contract from Islamic banks is the musyarakah financing because it is the mainstay of the Islamic banking industry. The purpose of this research is to examine the contribution of musyarakah financing to the profitability of Bank Syariah Indonesia (BSI). This study used a descriptive and verification method where the processed data were secondary financial reports with musyarakah financing and profitability variables, and Return on Assets (RoA) was used as the indicator. Financial data was taken from financial reports for three years, namely 2019, 2020, and 2021. The data were then processed using SPSS version 23.0 with a simple linear regression analysis method. The results of the study show that the musyarakah financing variable has an effect on the profitability of BSI. In conclusion, musyarakah financing is an ideal product for Islamic banks because it provides the same opportunity for partners to contribute in the form of capital or expertise.]]>
<![CDATA[The Effects of Exports, Inflation, Provincial Minimum Wage, Household Consumption, and Democracy on PMDN in Java Island for the 2009-2022 Period ]]>
<![CDATA[Vina Rahmawati]]>;
<![CDATA[Muhammad Ghafur Wibowo]]>
<![CDATA[ Bulletin of Islamic Economics Vol. 2 No. 2 (2023) ]]>
Publisher : <![CDATA[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.2023.022-01
<![CDATA[Investment is an activity that can increase economic growth in a region. In times of crisis, economic activities that can help stabilize the economy are private investment or commonly called Domestic Investment (PMDN). The purpose of this study is to determine the impact of independent variables in the form of exports, inflation, provincial minimum wage, household consumption, and the Indonesian democracy index on the variables of Domestic Investment in 6 Provinces in Java for the 2009-2022 period. The data used in this study is secondary panel data. The analysis method used is the panel data regression analysis method with a weighted Fixed Effect model approach with Cross Section SUR. The results of this study are export variables, provincial minimum wages, and the Indonesian democracy index have a significant and positive influence on PMDN. Then the inflation variable has a negative and insignificant influence on PMDN. Meanwhile, household consumption has a significant and negative influence on PMDN in 6 provinces in Java.]]>
<![CDATA[Analysis of Trade Openness and Macroeconomic Variables on Foreign Direct Investment in Indonesia for the Period 1980-2022 ]]>
<![CDATA[Nisa, Khoirun]]>;
<![CDATA[Khilmi, Slamet]]>
<![CDATA[ Bulletin of Islamic Economics Vol. 2 No. 1 (2023) ]]>
Publisher : <![CDATA[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.2023.021-03
<![CDATA[This study analyzes trade openness and macroeconomic variables on foreign investment in Indonesia. This study uses Indonesian time series data from 1980 to 2022. The data analysis technique uses the Autoregressive Distributed Lag (ARDL) method. Data were analyzed using data stationarity test, optimal lag test, CUSUM test, classical assumption test, cointegration test and ARDL estimation processed with Eviews 10. The results showed that indirect trade openness has a positive and significant effect on Foreign Direct Investment (FDI) in the short term and long term. The exchange rate (IDR to USD) has a negative and significant effect on Foreign Direct Investment (FDI) in the short and long term. Inflation rate in the short term has a positive and significant effect but in the long term has a negative and insignificant effect on Foreign Direct Investment (FDI). GDP has a negative and significant effect in the short term but in the long term has a significant positive effect on Foreign Direct Investment (FDI).]]>
<![CDATA[Determinants of Unemployment Rate in Indonesia (2011-2021 Period) ]]>
<![CDATA[Minah, Naelul]]>;
<![CDATA[Sekaringsih, Riswanti Budi]]>
<![CDATA[ Bulletin of Islamic Economics Vol. 2 No. 1 (2023) ]]>
Publisher : <![CDATA[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.2023.021-04
<![CDATA[This study aims to analyze the effect of economic growth, inflation, Human Development Index (HDI), Regional Minimum Wage (UMR) and investment on unemployment rates in Indonesia. The type of this study is quantitative research. Econometric analysis in this study is panel data analysis with a fixed effect model and a random effect model on the secondary data from the Indonesian Central Statistics Agency in 2011-2021 for 33 provinces. The results show that independent variables simultaneously have a significant effect on the unemployment rate in Indonesia during the period 2011-2022. Partially, the variables of Inflation, Human Development Index (HDI), Regional Minimum Wage (UMR) and investment have a significant and significant effect on the unemployment rate. At the same time, the Gross Regional Domestic Product (GRDP) variable does not affect Indonesia's unemployment rate during 2011-2022.]]>
<![CDATA[The Influence of Macroeconomic Variables on Inflation After Inflation Targeting Framework Implementation in Indonesia ]]>
<![CDATA[Saifullah, Muhammad Ariq]]>
<![CDATA[ Bulletin of Islamic Economics Vol. 2 No. 2 (2023) ]]>
Publisher : <![CDATA[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.2023.022-03
<![CDATA[The global economic crisis that occurred in 1997, which led to the collapse of the rupiah exchange rate and soaring inflation, made the country realize the importance of economic stability. The problem was then responded by Bank Indonesia by implementing the Inflation Targeting Framework policy. The focus of this study is to observe the inflation condition in Indonesia after the implementation of the Inflation Targeting Framework policy. The purpose of this study is to see the influence of macroeconomic variables such as Gross Domestic Product (GDP), Interest Rates, and Exchange Rates on Inflation in Indonesia. The method used is Vector Error Correction Model (VECM) analysis with the research period from 2005Q4-2021Q4. The results found that GDP and interest rates have a positive effect on inflation. While the Exchange Rate has a negative effect on inflation in Indonesia.]]>
<![CDATA[The Effect of Islamic Finance on Economic Growth and Financial Stability: ASEAN-4 Case Study ]]>
<![CDATA[Hanif, Azianatud Dian]]>;
<![CDATA[Hanafi, Syafiq Mahmadah]]>
<![CDATA[ Bulletin of Islamic Economics Vol. 2 No. 1 (2023) ]]>
Publisher : <![CDATA[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.2023.021-05
<![CDATA[This research aims to analyze the impact of Islamic finance (Islamic stock index and sharia banking assets) on economic growth and financial stability. The data utilized in this study are panel data from the ASEAN-4 countries during the period 2013-2022, employing panel data regression analysis with the Common Effect Model. The research findings indicate that simultaneously, the independent variables significantly affect economic growth and financial stability in the ASEAN-4 countries during the period 2013-2022. Partially, the Islamic stock index variable does not have a significant impact on economic growth but has a significant impact on financial stability. Meanwhile, the sharia banking assets variable significantly affects economic growth but does not significantly affect financial stability.]]>
<![CDATA[Analysis of the Influence of Macroeconomic and Global Factors on the Composite Stock Price Index on the Indonesia Stock Exchange ]]>
<![CDATA[Said, Neysa Khairina Nur]]>
<![CDATA[ Bulletin of Islamic Economics Vol. 2 No. 2 (2023) ]]>
Publisher : <![CDATA[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.2023.022-04
<![CDATA[Fluctuations in the movement of the Composite Stock Price Index are caused by the influence of macroeconomic and global factors. Looking at the inconsistencies in the results of previous research, the significance of the influence is still questionable. In this context, this study aims to analyze the Influence of Macroeconomic Factors with indicators of Inflation and Money Supply, as well as Global Factors with indicators of World Oil Prices with the Error Correction Model (ECM) approach. Using research observations from 2021-2023, it was found that the variables Inflation, Money Supply and World Oil Price have a long-term influence on the Composite Stock Price Index on the IDX, while in the short term, only the World Oil Price variable influences the Composite Stock Price Index on the JCI.]]>
<![CDATA[The Role of Digital Economy and International Trade on Ecnonomic Growth in Indonesia ]]>
<![CDATA[M Zaenal Abid]]>
<![CDATA[ Bulletin of Islamic Economics Vol. 2 No. 2 (2023) ]]>
Publisher : <![CDATA[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.2023.022-02
<![CDATA[In recent years, economic growth has shown fluctuating numbers, one of the consequences of which is Covid-19. The digital economy utilizes fintech technology such as p2p lending has a strategic role in economic growth activities moderated by export, import, and population variables. The data in this study uses Indonesian panel data from 2020 to 2022. The data analysis technique uses the Panel Data Regression method. Based on the results of the partial test of p2p lending has a negative and significant effect, exports have a positive but not significant effect, imports have a negative and insignificant effect and population has a positive and significant effect on economic growth. The results of the simultaneous test of all variables have a significant effect on economic growth.]]>
