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Contact Name
ANANTO TRIWIBOWO
Contact Email
ananto112793@gmail.com
Phone
+6282324796094
Journal Mail Official
ananto112793@gmail.com
Editorial Address
Desa Banjarrejo Dusun Cempaka RT/RW 020/001
Location
Kota metro,
Lampung
INDONESIA
International Journal of Islamic Economics (IJIE)
ISSN : 26862131     EISSN : 26862166     DOI : https://doi.org/10.32332/ijie.v6i01
Core Subject : Economy,
International Journal of Islamic Economics accepts manuscripts whose topics are in range of economic fields and employs standard economics analysis tools focusing on issues pertaining to Philosophy of Islamic Economics, Islamic Economic Thought, Islamic Economics and Contemporary Issues and Islamic philanthropy (zakat, waqf, sadaqah, and infaq). The topics might be an observation of current economic phenomena that highlights the problem of conventional economic system.
Articles 78 Documents
DATA PANEL ANALISIS : FAKTOR INTERNAL PERUSAHAAN DAN PENGARUHNYA TERHADAP KINERJA KEUANGAN Lilis Renfiana; Yudhisthira Ardana
Jurnal Internasional Ekonomi Islam Vol 3 No 02 (2021): International Journal of Islamic Economics
Publisher : The Postgraduate of Institut Agama Islam Negeri Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v3i2.3827

Abstract

This research aims to systematically, actual, and accurately explain the facts and characteristics of the company and their effect on financial performance. Data in the form of time-series data from 2015-2019 and cross-section data collected from the financial statements of automotive companies listed on the Indonesia Stock Exchange then obtained nine companies that meet the criteria. The independent variables are Firm Size, Leverage, Liquidity, and the dependent variable is financial performance as proxied by Return On Equity (ROA). The research used panel data techniques; Common Effect Model, Fixed Effect Model, and Random Effect Model. The results show that Firm Size partially has a negative and significant effect, meaning that the greater the assets owned by the company, the more complex the agency problems faced. The partial leverage variable has a negative and significant effect, means that the use of relatively high debt will cause fixed costs in the form of interest expenses and loan principal installments to be paid, the greater the fixed costs. The liquidity variable partially has a positive and insignificant effect. This means that changes that occur in both the number of current assets or current liabilities affect increasing profits so that the increase in Liquidity (CR) or the level of liquidity affects changes in increasing company performance (ROA).
The Efficacy of Monetary Transmission Mechanism: The Case of the United States Alaa Alaabed
Jurnal Internasional Ekonomi Islam Vol 1 No 01 (2019): International Journal of Islamic Economics
Publisher : The Postgraduate of Institut Agama Islam Negeri Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v1i01.1575

Abstract

This paper empirically investigates the effectiveness of monetary policy transmission in the United States from 1975-2010 using the Long-Run Structural Modelling (LRSM) and the techniques of error correction and variance decompositions. The results indicate that the domestic credit and exchange rate channels are relatively effective in influencing the real GDP per capita, and so is inflation-targeting, while the interest rate channel does not appear to play an important role as a monetary transmission mechanism, bearing in mind the interlinkages between the channels. The empirical analysis suggests that policy measures and structural reforms must be targeted accordingly in order to promote the effectiveness of monetary transmission mechanisms in the US and similar countries.
Sharia Compliance and Trust: Online Purchase Intentions of Generation Z in E-Commerce Nur Faizah; Mitra Riani Aisyah
Jurnal Internasional Ekonomi Islam Vol 5 No 02 (2023): International Journal of Islamic Economics
Publisher : The Postgraduate of Institut Agama Islam Negeri Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v5i02.7696

Abstract

Numerous factors drive individuals to engage in online shopping, including considerations such as affordability, product quality, variety, trustworthiness, convenience, and various other elements. In this study, four independent variables—namely, Sharia Compliance (X1), trust (X2), usability (X3), and trend (X4)—are utilized, with online purchase decisions serving as the dependent variable (Y). The primary aim of this research is to assess and dissect the influence of Sharia Compliance, Trust, Usability, and Trend on online purchase decisions within the Generation Z demographic in the Gorontalo Province. Employing a quantitative approach, this study involves data collection from 100 respondents through the use of questionnaires. The statistical tool of choice is multiple linear regression analysis. The results of partial testing reveal that while Sharia Compliance exerts a positive influence, its impact on online purchase decisions lacks statistical significance. Conversely, trust, usability, and trend exhibit both positive and statistically significant effects on online purchase decisions. Nevertheless, when considered collectively in a simultaneous examination, Sharia Compliance, trust, usability, and trend collectively demonstrate a positive and statistically significant impact on online purchase decisions among Generation Z individuals in the Gorontalo Province
MONEY IN ISLAM: A SOCIAL CONTRACT PERSPECTIVE Alam Asadov
Jurnal Internasional Ekonomi Islam Vol 2 No 01 (2020): International Journal of Islamic Economics
Publisher : The Postgraduate of Institut Agama Islam Negeri Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v2i01.2025

Abstract

Money being the blood of economy and main determinant of many human transactions is an important topic to be discussed. Throughout the history there have been many who tried to explain nature and desired form of money in their writings. This topic has not skipped writings of Islamic religious scholars and economists as well. Current work attempts to review some of recent literature about essence of money from Islamic prospective. The review works which express different views from both Religious and Economic perspectives by six selective authors with diverse backgrounds. In the review, we mainly focus at the role of money as a social contract (between State and its citizens) and at some Shari’ah compliance issues faced by commodity (gold and silver) and paper (fiat) currencies. Some of our important findings show that the commodity currency had problem of breach from State’s side in some occasions, while paper currency is considered as an invalid contract by majority of the authors. The work concludes with summary of the authors’ opinions and points out their relative strengths and weaknesses from Shari’ah and Economic prospective, which is extended with some recommendations for further research.
Sharia Banking Contract Model: Alternative Financing For the Agricultural Sector in Indonesia Prayogi, Bagus; Ramadhan, Daffa Aulia
Jurnal Internasional Ekonomi Islam Vol 6 No 01 (2024): International Journal of Islamic Economics
Publisher : The Postgraduate of Institut Agama Islam Negeri Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v6i01.8829

Abstract

Introduction: In the Islamic conceptualization, banking has a central position as a financing institution for every Muslim that is free from ribawi elements. Sharia banking has made various efforts, such as formulating innovative products to meet credit needs. Unfortunately, these efforts are hampered by several factors, especially the mode of Sharia banking and the limited knowledge of Sharia banking staff regarding fiqh. One of the Sharia banking products that cannot be implemented until now is contracts sallam. Though Salam contract can accommodate credit needs, especially for farmers, promptly. In this case, of course, Islamic banking needs to take a role and take action to meet the needs of these farmers. Objectives: So, this paper aims to elaborate and formulate a contract model salam in banking by considering the problems faced by sharia banks and farmers. The formulation of the problem is how the contract model salam in sharia banking for agricultural financing in Indonesia. Method The approach used in this paper is qualitative with the type of research being the analysis content Results: The result of this research is that a contract salam can be implemented in Sharia banking. However, it requires an integration model from Sharia banking to microfinance institutions so that contract financing salam can be accommodated very well. Implications: It is hoped that this research will have an impact in formulating contract models salam which so far cannot be implemented in sharia banking.
Constructing Indicators For Islamic Financial Inclusion Fauz Moh'd Khamis; Mohamad Yazid Bin Isa; Noraini Yusuff
Jurnal Internasional Ekonomi Islam Vol 3 No 02 (2021): International Journal of Islamic Economics
Publisher : The Postgraduate of Institut Agama Islam Negeri Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v3i2.3720

Abstract

This study conceptualizes and proposes the measurement items and constructs for assessing the financial inclusion of Islamic finance. It proposes and validates the demand-side measurement tool for the financial inclusion of Islamic finance using four dimensions, i.e., quality, accessibility, usage, and satisfaction. The measurement instrument proposed in this study assesses the actual performance of Islamic finance towards total financial inclusion. The study was based on exploratory factor analysis of the questionnaire responses collected from 129 respondents. The questionnaires were distributed to the Zanzibar residents from February 2021 to March 2021. The questionnaires are adapted mainly from the Findex Survey (2017). The financial inclusion of Islamic finance can be determined using four dimensions (components); relevancy (quality) of Islamic financial services, accessibility of Islamic financial services, usage of Islamic financial services, and satisfaction with Islamic financial services. The study is limited to Principal Components Analysis as a factor analysis approach. Besides, the study has been conducted in Zanzibar, a semi-autonomous nation in East Africa. Therefore, more comprehensive studies are required in various areas for generalizing the results.
Company Zakat Distribution Model in Metro Lampung Zainal Arifin; Nova Purnamasari
Jurnal Internasional Ekonomi Islam Vol 4 No 02 (2022): International Journal of Islamic Economics
Publisher : The Postgraduate of Institut Agama Islam Negeri Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v4i02.5853

Abstract

This article aims to describe the corporate zakat implementation model in Metro City, as implemented by the Grand Sekuntum Syariah Metro hotel. This research is a field research, data collection techniques using documentation and interviews. The analysis technique used is a qualitative technique. The results of this study indicate that the distribution of company zakat is carried out by taking into account two criteria, namely consumptive and productive. Consumptive zakat is given directly to mustahik without empowerment. This zakat is distributed directly to the underprivileged people who are around the hotel in the form of consumable needs, such as food, clothing, and housing needs in general. Meanwhile, for productive zakat distribution, the hotel cooperates with the Amil Zakat Institution in Metro City, the hotel gives its zakat funds to the amil zakat institution. The zakat funds are used to support productive zakat distribution programs in Metro City.
YBM PLN's Strategy in Supporting SDGS through ZIS Potential in Maqashid Syariah Perspective Al Mustaqim, Dede; Makarrim, Alfiyah
Jurnal Internasional Ekonomi Islam Vol 6 No 01 (2024): International Journal of Islamic Economics
Publisher : The Postgraduate of Institut Agama Islam Negeri Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v6i01.8855

Abstract

Introduction: Yayasan Baitul Maal (YBM) PLN has great potential in managing Zakat, Infaq, and Sadaqah (ZIS) to support Sustainable Development Goals (SDGs) through the economic pillar. Objectives: This research aims to analyze YBM PLN's strategy in supporting SDGs through ZIS from the Maqashid Syariah perspective. Method: This research uses a qualitative method with a case study approach. Primary data was obtained through interviews with YBM PLN administrators and observations of YBM PLN programs in the economic pillar. Secondary data were obtained from YBM PLN documentation and scientific publications related to SDGs and Maqashid Syariah. Results: The results showed that YBM PLN has an effective strategy in managing ZIS to support SDGs through the economic pillar. The YBM PLN program in the economic pillar has proven to be able to empower mustahik and alleviate poverty, which is in line with the goals of SDGs and Maqashid Sharia. YBM PLN plays an important role in supporting SDGs and Maqashid Sharia through effective ZIS management. Implications: This research contributes to science by providing recommendations to improve the effectiveness of YBM PLN's strategy in supporting SDGs.
Measuring Healthiness Of Islamic Banks Using Solvabilitas Financial Ratios Muhammad Hanafi Zuardi
Jurnal Internasional Ekonomi Islam Vol 3 No 01 (2021): International Journal of Islamic Economics
Publisher : The Postgraduate of Institut Agama Islam Negeri Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v3i1.3279

Abstract

The purpose of the study was to analyze the soundness level of PT Bank Central Asia (BCA) Syariah using the solvency ratio for the 2015-2019 period. This type of research is quantitative with a descriptive approach, where the data source used is secondary data sources. The data collection technique uses the documentation method in the form of financial reports which have been presented on the official website of PT BCA Syariah. The data analysis technique uses the assessment of the level of health using the solvency ratio with independent variables and measurement using the CAR and DER ratios. The results showed that the CAR ratio for the 2015-2019 period was ranked 1 in the very healthy category, namely the CAR ratio was greater than the predetermined bank health standard, namely 8%. Meanwhile, the DER ratio for the 2015-2019 period experienced a significant increase. This increase in the DER ratio indicates that the condition of the DER ratio is in an unhealthy state, because the calculation of the DER ratio is more than the minimum health standard for the DER ratio, namely DER <58%. Based on the results of the study, the health composite ranking of PT BCA Syariah using the Solvency Ratio in 2015-2019 The CAR ratio is in a healthy rating, while the DER ratio is in a very unhealthy rating. so this indicates that the bank has not been able to finance its long-term and short-term debt with its own capital.
Analysis of the Implementation of the Istishna' Agreement on Sharia Housing in Palima Grand City, Serang, Indonesia Mustori Mustori; Rohmani Rohmani
Jurnal Internasional Ekonomi Islam Vol 4 No 01 (2022): International Journal of Islamic Economics
Publisher : The Postgraduate of Institut Agama Islam Negeri Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v4i01.5199

Abstract

This study aims to dig deeper into the implementation of the istishna contract in Palima Grand City sharia housing. This research uses descriptive qualitative method. Primary data sources come from important documents of Palima Grand City as well as answers from related parties interviewed. While secondary sources from various scientific references related to the discussion. This study shows that Palima Grand City is a sharia housing that is engaged in the developer sector, always providing housing with a comfortable, safe, Islamic nuanced concept, and in accordance with sharia principles. The contract used in buying and selling houses in Palima Grand City sharia housing is the bai' istishna contract scheme. There are four payment mechanisms offered by the developer to the customer, namely, prepayment, payment upon delivery of goods, payment during the house-building process, and deferred payment for a certain time. The transaction of buying and selling houses in Palima Grand City sharia housing does not use the services of a bank as a third party, so there is no BI Chaking.