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Contact Name
Journal of International Islamic Business Studies
Contact Email
jiibs.febunsoed@gmail.com
Phone
-
Journal Mail Official
jiibs.febunsoed@gmail.com
Editorial Address
Jl. Profesor DR. HR Boenyamin No.708, Dukuhbandong, Grendeng, Kec. Purwokerto Utara, Kabupaten Banyumas, Jawa Tengah 53121
Location
Kab. banyumas,
Jawa tengah
INDONESIA
Journal of International Islamic Business Studies
ISSN : -     EISSN : 31092209     DOI : https://doi.org/10.32424/jiibs
Core Subject : Economy,
The Journal of International Islamic Business Studies (JIIBS) is a scholarly journal devoted to publishing high-quality theoretical and empirical articles in all Islamic areas of business, economics, management, banking, and Islamic finance. Promote dialogue and discussion on current issues in the fields of Islamic economics and finance among the international community of scholars. Encourage empirical research on Islamic finance, takaful, zakat, awqaf, and other Islamic institutions, including case studies from Muslim economies.
Articles 21 Documents
Limitation of Non-Halal Income (Interest) in the Criteria of Sharia Securities List in Indonesia Stock Exchange M Fatchurrohman; Pungky Lela Saputri
Journal of International Islamic Business Studies Vol 1 No 1 (2024): JIIBS
Publisher : Fakultas Ekonomi dan Bisnis Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/jiibs.v1i1.7758

Abstract

The Islamic capital markets in Indonesia have been developing over the last two decades, characterized by an increase in Islamic products and the issuance of regulations related to the Islamic capital markets, and the general public and investors are beginning to understand the list of Islamic securities. Next, there is one of the controversial criteria for the Sharia Securities List. That is, the total yield is less than 10%. It is understandable whether Islamic financial institutions earn income from bank interest before they are fully subject to Sharia law. This study analyzes the dispute using an associative approach by building relationships between social situations or domains based on the interdependencies of the dispute under study. It is a study to do. The results of this survey and discussion are based on an analysis of non-Halal income (interest) restrictions in the criteria for listing Shariah securities in Indonesia to address the conditions, risks and possibilities of DES. When the interest rate floor applies, few Shariah stocks need to be listed on flat Islamic securities and DES market shares, reducing interest in investing in the Islamic capital markets. This is also related to including other Shariah financial institutions. If the number of Islamic issuers decreases, the number of investors will surely decrease. Therefore, it will certainly be difficult to achieve in the development of the Islamic financial industry.
Halal Product Acceptance towards Intrapreneur Development Intan Shaferi; Alisa Tri Nawarini; Rio Dhani Laksana
Journal of International Islamic Business Studies Vol 1 No 1 (2024): JIIBS
Publisher : Fakultas Ekonomi dan Bisnis Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/jiibs.v1i1.7953

Abstract

The acceptance of halal product is common in Indonesia. Dominated by the Muslim people, Indonesia become one of the larger countries that provide halal product. Situation relatively getting interesting when the halal product not only become one product to be consumed, but also how the intrapreneur involved in it. Intrapreneur needs to know the potential consumen and product. The research study about the acceptance halal product towards the intrapreneur development. This study conducted in Central Java Indonesia, with survey respondents. The result shows that the acceptance halal product has effect to intrapreneur development.
Islamic Banking Performance Analysis: Comparison in Turkey, Indonesia, and Malaysia İlkay Aydoğmuş
Journal of International Islamic Business Studies Vol 1 No 1 (2024): JIIBS
Publisher : Fakultas Ekonomi dan Bisnis Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/jiibs.v1i1.8201

Abstract

The goal of this study is to evaluate and analyze the impact of Indonesian, Malaysian, and Turkish Islamic banking performance on the Capital Adequacy Ratio (CAR), the Financing to Deposit Ratio (FDR), and Non-Performing Financing (NPF). The Capital Adequacy Ratio (CAR), the Financing to Deposit Ratio (FDR), and the Non-Performing Financing (NPF) are independent variables in the quantitative study. The dependent variable, profitability (Y), will be analyzed using the panel data regression method (Eviews). Using a purposive sampling technique, the researchers processed the data from 187 annual reports of Islamic banking in Indonesia, Malaysia, and Turkey from 2008 to 2018. According to the study's findings, the financing to deposit ratio (X2) and then capital adequacy ratio (X1) partially influence for profitability variable (Y) in Indonesia, Malaysia, and Turkey, but not in Malaysia. Non-Performing Financing/NPF (X3) (Y) only marginally significantly impacted the profitability variable. The study's findings suggest that CAR, FDR, and NPF with variable profitability can enhance Islamic banking's performance in Indonesia, Malaysia Turkey
The Urgency of Understanding Maqashid Al-Syariah In the Musyarakah Mutanaqishah Contract Mugni Muhit
Journal of International Islamic Business Studies Vol 1 No 1 (2024): JIIBS
Publisher : Fakultas Ekonomi dan Bisnis Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/jiibs.v1i01.8208

Abstract

From the standpoint of maqasid sharia, this study aims to investigate whether it is urgent to implement the musyarakah mutanaqishah contract in Islamic banking in Indonesia. This study collects data using a descriptive qualitative technique with documentation. Secondary information on sharia standards, legislative provisions, operational requirements for sharia banking, sharia fatwas, operational and implementation standards, and research findings pertinent to the topic of discussion were utilised in this study. The data is then analyzed inductively. Analysis of the urgency of understanding maqasyid sharia in applying the musyarakah mutanaqishah contract. The results of the study found that the importance of understanding maqasyid sharia in a musyarakah mutanaqishah contract is necessary, considering that the spirit of msyarakah mutanaqisyah is rukhshah as a form of relief, while Islam always encourages lightening the burdens of others in a way that is mutual profit and loss sharing. From the perspective of risk imposition and equitable cooperation, this is also seen to be an alternative to mudharabah financing in Islamic banking, although it is not in conformity with the maqashid sharia and the regulations that have so far been in place in Indonesia
Classic and Contemporary Mudharabah Philosophy between Theoretical and Practice Muhammad Yunus; Mugni Muhit
Journal of International Islamic Business Studies Vol 1 No 1 (2024): JIIBS
Publisher : Fakultas Ekonomi dan Bisnis Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/jiibs.v1i1.8209

Abstract

Islam as a religion of rahmatan lil'alamin pays great attention to human activities in muamalah, as well as in business matters. The cooperation system or often referred to as a participation contract in business (Mudharabah) is something that can be applied. The parties to this agreement are the fund manager (mudharib) and the fund owner (shohibul maal). However, along with the development of the times and the diverse business needs that require optimum capital, this kind of cooperation model has also undergone an evolution. Where in the initial concept there were only two unionized parties, in the current concept a third party is needed, namely Islamic financial institutions and the like. The goal of this study is to determine how mudharabah contracts are described in traditional fiqh texts and how LKS goods relate to mudharabah contracts.
Halal Certification Process by Local Governments and Muslim Organizations in Australia Humaira Naznii
Journal of International Islamic Business Studies Vol 1 No 1 (2024): JIIBS
Publisher : Fakultas Ekonomi dan Bisnis Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/jiibs.v1i1.8233

Abstract

The research article will discuss the halal certification process and the cooperation of Muslim organizations in Australia with local governments. in Australia. A halal certificate is a legal document issued by the government that certifies that the meat was produced in accordance with Islamic law. Australia is the world's largest meat-producing country. This makes Australia must meet the demand of producers. With the export of meat consumed by Muslim countries, Australia must have halal certification for its consumer products, this is due to requests submitted by Muslim countries themselves. Halal certification is a hot topic of discussion. especially issues of funding a product to receive halal certification. The price of acquiring a halal certification varies greatly depending on the product, the organization, the location of the certification office, and whether the food will be exported or will only be consumed domestically.
The Influence of Consumer Knowledge, Product Quality, on The Murabahah Financing Decision Process of Islamic Banks and Its Impact on Satisfaction Todhi Arkhamaya; Ahmad Saeed Abdulraheem
Journal of International Islamic Business Studies Vol 1 No 2 (2024): JIIBS
Publisher : Fakultas Ekonomi dan Bisnis Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/jiibs.v2i1.16303

Abstract

Indonesia is the nation with the biggest Muslim populace within the world, and Yogyakarta is one of the areas with the biggest Muslim populace in Indonesia. This consider points to supply data on the quality of Islamic Bank items and information on murabahah contracts for financing choices and their impact on the fulfillment of the Muslim community within the city of Yogyakarta. Information were collected through a survey strategy on 150 respondents employing a purposive testing strategy to decide the respondents' reactions to each variable. At that point an investigation was carried out on the information gotten within the shape of quantitative investigation and subjective examination. The data investigation strategies utilized are different direct relapse examination and basic relapse which work to demonstrate the inquire about theory. Within the different direct relapse test, information that has met the legitimacy test, unwavering quality test, and classical presumption test are handled to deliver an investigation that item quality variables and information have a positive and critical impact on the Acquiring Choice prepare. Whereas in straightforward relapse, it produces an investigation that obtaining choices have a positive and noteworthy impact towards Client Fulfillment.
Islamic Business Ethics in Gourami Farming: A Strategic Perspective Andhika Pradana; Wanda Putri Ramadhani
Journal of International Islamic Business Studies Vol 1 No 2 (2024): JIIBS
Publisher : Fakultas Ekonomi dan Bisnis Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/jiibs.v2i1.16304

Abstract

This study aims to evaluate whether the business strategies implemented by gourami farmers in Sunyalangu Village, Banyumas Regency, align with Islamic business ethics. The research employs a qualitative descriptive approach, utilizing data gathered from interviews, observations, and documentation. Data analysis involves processes such as data reduction, data presentation, and drawing conclusions. The findings indicate that gourami farmers in Sunyalangu Village adhere to Islamic business ethics by practicing honesty, maintaining a friendly demeanor, safeguarding consumer rights, and refraining from disparaging competitors' businesses.
Resolving Financing Strategy in Murabahah Transactions at PT. Bank Muamalat Indonesia (BMI) X regional Branch in The Perspective of Islamic Economics Sada Kolitma; Syaamil Amanulloh
Journal of International Islamic Business Studies Vol 1 No 2 (2024): JIIBS
Publisher : Fakultas Ekonomi dan Bisnis Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/jiibs.v2i1.16305

Abstract

This study discusses the Strategy for Resolving Problematic Financing in Murabahah Transactions at PT. Bank Muamalat Indonesia (BMI) X regional Branch from a Sharia Economic Perspective. This study uses a qualitative approach, data collection techniques through interviews, observations, and documents. Data analysis by reducing data, presenting and verifying data. The results of the study indicate that problematic financing in Murabahah transactions at Bank Muamalat Indonesia (BMI) X regional Branch, the main factors of problems in Murabahah transactions are Internal and External Factors. However, after a strategy for handling problematic financing in Murabahah transactions was prepared, the problem could be resolved and has been running effectively. Viewed from a sharia economic perspective, the implementation of Murabahah financing activities at BMI X regional Branch is in accordance with the regulations of the National Sharia Council (DSN) and the Indonesian Ulama Council (MUI). The researcher's suggestion is that BMI X regional Branch should further develop Murabahah financing products, so that they are not only limited to land and building financing only.
The Function of Baitul Maal in Public Financial Policy: A Perspective from Islamic Economics Intan Shaferi; Rio Dhani Laksana
Journal of International Islamic Business Studies Vol 1 No 2 (2024): JIIBS
Publisher : Fakultas Ekonomi dan Bisnis Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/jiibs.v2i1.16306

Abstract

Conventional economic objectives tend to focus on material gains, often neglecting "immaterial" aspects. All analyses in this framework are directed solely at measuring outcomes from a worldly perspective. In contrast, Islamic economics adopts a more holistic approach, addressing both material and spiritual dimensions, ensuring balance for life in this world and the hereafter. This research explores the role of Baitul Maal in public finance, examining the principles associated with finance and the evolution of Islamic finance from the past to the present. The findings reveal that Baitul Maal, established by the Prophet in Medina, serves as a key financial institution. It manages assets received by the state and distributes them to eligible Muslims, functioning as both a repository and a disbursement mechanism for state revenues. Baitul Maal acts as a hub for storing incoming assets and managing outgoing resources. Key instruments utilized for public financing under the role of Baitul Maal include zakat, state assets and enterprises, kharaj (land tax), jizyah (poll tax), and waqf (endowments).

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