cover
Contact Name
Muhammad Fauzinudin Faiz
Contact Email
mufaddin@uinkhas.ac.id
Phone
+6287760466655
Journal Mail Official
jiep.febi@uinkhas.ac.id
Editorial Address
Jl. Mataram No. 1 Karang Mluwo, Mangli, Kec. Kaliwates, Kabupaten Jember, Jawa Timur 68136
Location
Kab. jember,
Jawa timur
INDONESIA
Journal of Islamic economics Perspectives (JIEP)
ISSN : 2085627X     EISSN : 27150445     DOI : 10.35719/jiep
The Journal of Islamic Economic Perspectives, or JIEP, is a publication released biannually in February and September. It is published by the JIEP Research Centre, which is part of the Faculty of Islamic Economics and Business at the State Islamic University of Kiai Haji Achmad Siddiq Jember in Indonesia. The journal has been circulating since 2019, starting with its first edition. The JIEP primarily emphasizes the fields of Islam, economics, and finance. This publication examines explicitly the crucial aspects of integrating Islamic law with the fields of economics and finance. It is a vital resource for pioneering research and analysis in several specialized fields, such as Islamic economic law, Islamic banking, Islamic marketing, Islamic human resources, and Islamic finance. The magazine covers various topics, including Zakah, Waqf, measures for reducing poverty, Islamic public finance, monetary economics, economic growth, and the concepts of Maqasid al-Shariah. The subject matter of this study includes institutional economics, Islamic management, behavioural economics and finance, corporate governance, risk management, and Shariah-compliant financial matters.
Articles 115 Documents
RULES AND REGULATIONS OF SHARIAH REPURCHASE AGREEMENT INVESTMENT IN SHARIAH CAPITAL MARKET OF INDONESIA Ahmad Saparwadi
Journal of Islamic Economics Perspectives Vol. 5 No. 2 (2023): September (2023) Journal of Islamic Economics Perspectives
Publisher : Faculty of Islamic Economics and Business, State Islamic University of  Kiai Haji Achmad Siddiq Jember, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35719/jiep.v5i2.111

Abstract

The study tries to find out basic principle of regulations related to shariah repurchase agreement investment that can provide legal certainty to the parties and the mechanism of Shariah repurchase agreement transactions. In answering the problems, the research method used is to analyze the positive laws (ius constitum) which are supported by literature studies as a reinforcement of existing regulations. The results of this study are that the legal certainty of Shariah repurchase agreement investment in the capital market can be achieved through the legal substance that has been ratified through regulations, executive, and supervisory in Shariah repurchase agreement activities in the capital market. This investment activity gets legality based on the fatwa of the National Sharia Board-Indonesia Council of Ulama. while the mechanism of Shariah repurchase agreement transactions in the capital market is the same as the transaction of repurchase agreements in general, it's just that what distinguishes it is in terms of actors who must run their companies based on Sharia Principle or has Sharia units, the securities invested based on the sharia principle and the contract used is al-bai' ma'a al-wa'd bi al-syira'. Then there is an Shariah Capital Market Expert as a party or institution that provides an assessment related to the application of Shariah principles by investors in the Indonesian Capital Market.
Siyasah Al-Ighraq: A Case Study on Convection Market, Aur Kuning Bukittinggi Rika Widianita; Andis Febrian; Syaiful Rahman
Journal of Islamic Economics Perspectives Vol. 5 No. 1 (2023): February (2023) Journal of Islamic Economics Perspectives
Publisher : Faculty of Islamic Economics and Business, State Islamic University of  Kiai Haji Achmad Siddiq Jember, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35719/jiep.v5i1.113

Abstract

This research is motivated by the widespreed practice of siyasah al-ighraq (dumping) by traders in the Aur Kuning convection market in Bukittinggi in West Sumatera Provinve. Meanwile, siyasah al-ighraq(dumping) is haram in Islam. Therefore the author wants to examine how the siyasah al-ighraq (dumping) is carried out by traders in the Aur Kuning convection market in Bukittinggi, and how it impacts to market prices balance from an Islamic perspective. The method used in this study is descriptive qualitative with data collection techniques by conducting interviews with traders in the Aur Kuning convection market, Bukittinggi. The result showed that siyasah al-ighraq (dumping) practice by traders at the Aur Kuning convection market was only at certain times, such as during the month of ramadhan, after Eid al-fitr and the celebration of independence day. Siyasah al-ighraq are done just to use up old stocks that piled up. Then also dumping are carried out for new store promotion and as a marketing strategy. It dumping is called sporadic dumping, it is fine in Islam, because it doesn’t damage market price balance and doesn’t harm other traders. Dumping practice that haram in Islam are dumping that kill other people’s businesses and damage market price balance.
The Analysis of The Impact of Financial Factors on The Performance of Sharia Stocks Mahesa Syahrial, sultan; Noor, Sufiana; Andriyanto, Irsad
Journal of Islamic Economics Perspectives Vol. 5 No. 2 (2023): September (2023) Journal of Islamic Economics Perspectives
Publisher : Faculty of Islamic Economics and Business, State Islamic University of  Kiai Haji Achmad Siddiq Jember, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35719/jiep.v5i2.115

Abstract

This research examined the effect of liquidity, solvency, and firm size on profitability in the Food and Beverage sector, listed on the Indonesia Sharia Stock Index (ISSI) for 2017-2021. The research sample was selected using the purposive sampling method. Using E-views 10 software as a test tool, multiple linear regression analyses analyze the relationship between independent and dependent variables. The results showed that liquidity does not affect profitability, solvency affects profitability, and firm size does not. The limitations of this study include the limited number and years of research data using only the Food and Beverage sector. This study reflects investors and management in making financial decisions based on the variables studied.
Augmented Reality: A Systematic Literature Review and Future Research Prospects in Digital Marketing Bakar, Isa
Journal of Islamic Economics Perspectives Vol. 5 No. 2 (2023): September (2023) Journal of Islamic Economics Perspectives
Publisher : Faculty of Islamic Economics and Business, State Islamic University of  Kiai Haji Achmad Siddiq Jember, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35719/jiep.v5i2.118

Abstract

To keep up with the new developments of the industrial revolution 4.0, aspects of modern society's life are increasingly strengthened by the combination of digital technology and reality. Augmented reality is a technology that overlays computer-generated images on a user's view of the real world. However, information about augmented reality in the context of digital marketing is still lacking, so it needs to be found to identify needs in research. Therefore, by conducting a systematic review of the literature, this article attempts to answer a key research question: What are the research gaps in augmented reality in digital marketing? This study is a review of the 5-year publication period from 2018 to 2022.
Risk Mitigation Strategy in Financing Without Collateral at PT. BPRS Sarana Prima Mandiri Pamekasan Iqbal Rafiqi; Ulum, Miftahul; Hidayat, Moh. Helmi; Jufri, Achmad
Journal of Islamic Economics Perspectives Vol. 5 No. 2 (2023): September (2023) Journal of Islamic Economics Perspectives
Publisher : Faculty of Islamic Economics and Business, State Islamic University of  Kiai Haji Achmad Siddiq Jember, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35719/jiep.v5i2.119

Abstract

Financing without collateral BPRS SPM Pamekasan is proliferating. Every year there is always an increase in customers by 75% from an average of 35%. The problem raised in this research is how to implement collateral-free financing and risk mitigation. This research is descriptive qualitative research with a case study model. Data collection techniques use observation, interviews, and documentation related to risk mitigation of collateral-free financing at BPRS Sarana Prima Mandiri Pamekasan. The results of this study indicate (1). PT. BPRS Sarana Prima Mandiri can provide financing for productive businesses. The customer's business funding needs are financed 100% by the BPRS SPM. The customer is the business manager, and the maximum period is six months. The payment procedure is carried out every day, while profit sharing is done once a month, which will be disbursed when the financing is said to be paid off. (2). The risk mitigation process carried out by BPRS Sarana Prima Mandiri Pamekasan is risk identification, namely looking at the character of the prospective customer, working capital capabilities, income that does not exceed the payment ability of the prospective customer, and education on customer product marketing.
Non-Performing Micro, Small and Medium Enterprises Financing: Studies on Islamic Banking in Indonesia Novianto, Abdullah Syakur Novianto; Rizal, Mohammad; Wahyuniar Asri, Nafadzila
Journal of Islamic Economics Perspectives Vol. 5 No. 2 (2023): September (2023) Journal of Islamic Economics Perspectives
Publisher : Faculty of Islamic Economics and Business, State Islamic University of  Kiai Haji Achmad Siddiq Jember, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35719/jiep.v5i2.120

Abstract

Micro, Small and Medium Enterprises (MSMEs) have a very large role in the Indonesian economy, but they have the problem of not having access to capital from either banks or non-bank financial institutions. As a form of commitment to support government programs, conventional and Sharia banking extends credit to MSMEs. The amount of financing channelled by Sharia banking to the MSME sector has continued to increase, but the increase in MSME financing has had an impact on non-performing financing for MSME financing, which is above 5%. This study aims to determine the effect of financing margin, the financing-to-deposit ratio (FDR) and the inflation rate on non-performing financing (NPF) for MSME financing in Islamic banking in Indonesia. Multiple regression analysis is used in this study, and took a sample of 36 data was obtained from the financial services authority's Sharia banking statistical reports. This study found that the financing margin and the financing-to-deposit ratio (FDR) positively affect non-performing MSME financing. In contrast, the inflation rate does not affect non-performing MSME financing.
Establishing a Zakat Culture based on Good Zakat Governance and Good Zakat Empowerment in Indonesia Chotib, Moch; Muhammad Fauzinudin Faiz; Ikhsan Abdullah
Journal of Islamic Economics Perspectives Vol. 5 No. 2 (2023): September (2023) Journal of Islamic Economics Perspectives
Publisher : Faculty of Islamic Economics and Business, State Islamic University of  Kiai Haji Achmad Siddiq Jember, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35719/jiep.v5i2.121

Abstract

Utilization of Zakat, Infaq, Alms, Waqf (ZISWAF) and the Blessed Friday Phenomenon Mar'atush Shalihah, Bunga; Hidayat, Fajri Nur; Amelia, Riski
Journal of Islamic Economics Perspectives Vol. 5 No. 2 (2023): September (2023) Journal of Islamic Economics Perspectives
Publisher : Faculty of Islamic Economics and Business, State Islamic University of  Kiai Haji Achmad Siddiq Jember, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35719/jiep.v5i2.123

Abstract

In Islam, Friday is a very special day. In Muslim belief, Friday is considered a blessed and sacred day. In addition, understanding the importance of sharing sustenance is also an important part of the teachings of Islam. One of the forms of sharing sustenance recommended in Islam is by carrying out ZISWAF (Zakat, Infaq, Shadaqah, Waqf). The utilization of Ziswaf (Zakat, Infaq, Shadaqah, and Waqf) is one of the efforts made by Muslims in realizing social justice and the economic empowerment of the people. On the other hand, the Friday Blessing phenomenon is a popular tradition among Muslims, where people compete to give alms on Friday in the hope of getting multiple blessings. In this article, the author will discuss the link between the Blessed Friday phenomenon and Ziswaf utilization. The author will explain why Blessed Friday is the right moment for Ziswaf utilization, as well as the benefits of both.
Halal Industry of 5.0 Era in Islamic Economic Scholar Perspective Mu’is, Ahmad; Farida, Laila; Zuraidah
Journal of Islamic Economics Perspectives Vol. 5 No. 2 (2023): September (2023) Journal of Islamic Economics Perspectives
Publisher : Faculty of Islamic Economics and Business, State Islamic University of  Kiai Haji Achmad Siddiq Jember, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35719/jiep.v5i2.124

Abstract

The halal industry is an inevitability of the development of a business where there is demand (demand), then there is someone who provides (supply). And the prospects are very promising with increasing growth from time to time. Even though it is labeled halal which is synonymous with religious symbols, it is not a barrier for consumers of all religions and nations to enjoy it. Because halal in its development is a symbol of guaranteeing cleanliness, safety and product quality for the entire production chain. Modern global society sees the substance as not a skin. The Halal industry is not just a business machine in general, which is materialistic in nature and profit-oriented, but there are messages or values ??of Islamic teachings originating from the Qur'an and Hadith that must be upheld. Therefore, in his journey must be in accordance with the provisions of the Shari'a. Islamic economists, such as Yusuf Qardhawi, Syed Nawab Heidar Naqvi, Adiwarman Karim and Mustaq Ahmad gave their opinions on the ideal Halal Industry. They said that the essence of Islamic economics at least has the character of monotheism (uluhiyyah-rububiyyah), humanity (insaaniyah), ethical norms (akhlaqiyyah), balance (wasathiyyah), free will (ikhtiyar) and responsibility (mas’uliyyah). If some of these become part of the business of Muslims, such as the halal industry, they will get material success (dhahir) and spiritual happiness (batin).
Analysis of the Implementation of Zakat, Infaq and Sadaqah (ZIS) Accounting In terms of PSAK 101 and PSAK 109 Fatmawatie, Naning
Journal of Islamic Economics Perspectives Vol. 5 No. 2 (2023): September (2023) Journal of Islamic Economics Perspectives
Publisher : Faculty of Islamic Economics and Business, State Islamic University of  Kiai Haji Achmad Siddiq Jember, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35719/jiep.v5i2.125

Abstract

The scope of accounting for zakat, infaq and shadaqah (ZIS) that is the recognition, record and present of the financial statements of the ZIS managing institution. Accountability is carried out as a form of accountability which explains and describes the performance of an institution. This study aims to analyze the application of ZIS Accounting from the perspective of PSAK 101 and PSAK 109. This type of research is descriptive qualitative. The data used are primary data and secondary data. The results of the study explained that the application of ZIS Accounting in terms of PSAK 109 shows that this institution has not fully implemented this article, especially in the fair assessment of infaq and shadaqah receipts without cash, then the distribution of cash comes from infaq and shadaqah. In presenting the financial statements as well as originating from the details of the funds received from zakat, whether individuals or entities in the report on changes in funds have not implemented them. In addition, there is no explanation for financing activities in the statement of cash flows. Then implementation of accountability in the figures in financial reports as well as reporting has almost completely implemented PSAK 101. In this case, accountability indicators and the amount of financial reporting to donors have been implemented.

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