cover
Contact Name
Rusyda Afifah Ahmad
Contact Email
rusydaafifahahmad@unida.gontor.ac.id
Phone
+6281330042874
Journal Mail Official
jiep@unida.gontor.ac.id
Editorial Address
Department of Islamic Economic, Faculty of Economics and Management, Universitas Darussalam Gontor, Jl. Raya Siman No.Km. 5, Dusun I, Demangan, Kec. Siman, Kabupaten Ponorogo, Jawa Timur 63471
Location
Kab. ponorogo,
Jawa timur
INDONESIA
Journal of Islamic Economics and Philanthropy
ISSN : 30326656     EISSN : 2655335X     DOI : https://doi.org/10.21111/jiep
Core Subject :
The Journal of Islamic Economics and Philanthropy (JIEP) is published quarterly in August, November, February, and May. The journal accepts only original empirical research, theoretical contributions, and systematic literature reviews. JIEP focuses on the intersection of Islamic economics and philanthropic studies, with a scope encompassing: Theory and Practice of Islamic Philanthropy Islamic Philanthropy in Economic Systems Islamic Philanthropy in Banking and Finance Social and Community-Based Islamic Philanthropy Islamic Philanthropy in Monetary Policy Islamic Philanthropy in the Public Sector and Policy Islamic Philanthropy in Business and Commerce
Arjuna Subject : -
Articles 70 Documents
Comparative Study of Consumption Theories: The Perspective of John Maynard Keynes and Monzer Kahf Risma Hafida Nuarisa; Sultan Nanta Setia Dien Labolo
Journal of Islamic Economics and Philanthropy Vol. 7 No. 1 (2024): August
Publisher : Universitas Darussalam Gontor

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Abstract

This study aims to compare the consumption theories of John Maynard Keynes, a conventional economist, and Monzer Kahf, an Islamic economist. The main objective is to identify the strengths and weaknesses of each approach while emphasizing how both theories contribute to economic growth and stability. This study uses a qualitative methodology, thoroughly analyzing primary and secondary sources on the works of both economists. Through comparative analysis, this study evaluates the core concepts and assumptions of each theory. The findings show that Keynes' approach is concerned with individual consumption and its impact on savings and economic growth, while Kahf's theory encourages consumption for the collective good in accordance with Islamic principles. The study concludes that combining elements of both theories can offer a more balanced approach, which at the same time enhances social welfare and economic stability.
The Mosque as a Source of Community Prosperity: Lessons from the Jogokariyan Mosque Taufik Hidayat
Journal of Islamic Economics and Philanthropy Vol. 7 No. 1 (2024): August
Publisher : Universitas Darussalam Gontor

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Abstract

The research was conducted to analyze the role of programs to increase the independency and prosperity of community held by the Jogokariyan Mosque in Special Region of Yogyakarta. The research methode is qualitative method with the approach of Interactive Model Analysis was used along with the observation during the period of January, 2022 until March 2022. The study showed that Jogokariyan Mosque conducted programs in field of social, economic, health, education and covid-19 pandemic handling. In the social Jogokariyan Mosque’s have program Jogokaryan Ramadhan village, Jogokariyan Mosque’s Rice ATM, and Jogokariyan’s Public Market. In the economics Jogokariyan Mosque’s have program the development of Small Micro and Medium Enterprises (SMME), At the during the covid-19 pandemic Jogokariyan Mosque’s Special Program. Jogokariyan Mosque programs could be used as a lesson learned on how a mosque could improve its role in the community to accelerated the increase of community prosperity.
Pengembangan Keuangan Mikro Islam untuk Mengatasi Kemiskinan dan Mencapai Tujuan SDGs: Pendekatan Bibliometrik: Developing Islamic Microfinance to Address Poverty and Achieve SDGs: A Bibliometric Approach Abdullah Haidar
Journal of Islamic Economics and Philanthropy Vol. 7 No. 1 (2024): August
Publisher : Universitas Darussalam Gontor

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Abstract

This study tries to review research on sustainable microfinance development in Scopus indexed journals. This analysis uses descriptive statistical analysis based on 319 selected papers related to microfinance sustainable development from both national and international journals. All samples of published journals have been published for 27 years from 1996 to 2022. The data is then processed and analyzed using the VOSviewer application program to find out the bibliometric visualization map for sustainable development of microfinance research. The results of this bibliometric mapping study show a map of the development of research in the field of microfinance sustainable development. This study also found a close relationship between microfinance sustainable development and the main goal of the SDGs, namely eradicating poverty to promote prosperity for all people of all ages around the world. This research finds new and interesting keywords for further research.
The Influence of Macroeconomic Variables on Non-Performing Finance in Sharia Commercial Banks Agus Salim; Annisa Eka Zakiyah
Journal of Islamic Economics and Philanthropy Vol. 7 No. 1 (2024): August
Publisher : Universitas Darussalam Gontor

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Abstract

One of the advantages of the sharia banking business is financing productive sectors that do not contain haram elements. Financing in the micro, small and medium sectors is a sharia banking financing business line, but there is a big risk of bad credit. In recent years, increasing global and domestic economic uncertainty has led to depreciation of the exchange rate, unstable prices of basic commodities, thereby reducing people's purchasing power. This research aims to examine macroeconomic variables such as the exchange rate, inflation and production index as a proxy for GDP towards NPF of sharia banking. The research uses monthly time-series data and the OLS method. The research results show that macroeconomic variables have an influence on NPF. The research implication is that the stability of macroeconomic conditions can maintain people's purchasing power which can influence the NPF level of sharia banking.
Zakat and Waqf Model in Reducing Poverty among Vulnerable Groups During the Pandemic in Nigeria Adamu Abubakar Muhammad; Ibrahim Dahiru Idriss
Journal of Islamic Economics and Philanthropy Vol. 7 No. 1 (2024): August
Publisher : Universitas Darussalam Gontor

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Abstract

The crisis of COVID-19 pandemic has already crushed and affected almost everyone in the world. In terms of economy, the vulnerable group was the most affected group in the society as many of them lose their jobs and thus poverty rate rose. Poverty is a worldwide spread problem that results pains and loss of confidence to many people in the world where vulnerable citizens of Bauchi state-Nigeria are not excluded. The menace of poverty during COVID-19 pandemic can be alleviated through proper Zakat and Waqf administrations. This study explores the possible uses of Zakat and Waqf as financing tools for poverty alleviation during COVID-19 pandemic on the vulnerable in the society. The qualitative approach is adopted which includes review of related literatures and interview with relevant bodies and individuals. The findings of the study reveals that Zakat and Waqf as an Islamic finance models have relevant potential to fight any contemporary crisis and pandemic in respect of geographical location, era, people or religion. Zakat and Waqf if properly organized, maintained, collected, well managed and truthfully distributed to the people concerned can help in fighting the adverse effect of COVID-19 pandemic and alleviate poverty among the vulnerable in Bauchi state Nigeria.
Synergy of Zakat and Taxes Viewed from Fiscal Policy Objectives Fajrin Intan Safitri; M Syahrul Syarifuddin
Journal of Islamic Economics and Philanthropy Vol. 6 No. 4 (2024): May
Publisher : Universitas Darussalam Gontor

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Abstract

Until now, taxes are still the main instrument in fiscal policy in Indonesia. Meanwhile, zakat, which has considerable potential, has not yet become an instrument of fiscal policy. Maximization and efficiency can be achieved if the synergy of zakat and taxes is maximized. This study, it will examine how the synergy of zakat and taxes is when viewed from the objectives of fiscal policy, namely maintaining stability and developing the country's economy, improving the quality of human resources, maintaining price stability, and increasing investment. Qualitative methods were used in this study and library research as an exploratory approach and study. The results of this study are: First, the synergy of zakat and taxes can complement each other and can help achieve fiscal policy goals, and can reduce the risk of problems that can come at any time, such as inflation and economic recession. Second, zakat and taxes both have the same potential and can synergize together in helping achieve fiscal policy goals.
Impact of Risk and Competition on Indonesian Islamic Bank Performance: Panel Data Evidence Issa Hamadou
Journal of Islamic Economics and Philanthropy Vol. 6 No. 4 (2024): May
Publisher : Universitas Darussalam Gontor

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Abstract

This paper examines the impact of banking risk and competition on the performance of Islamic banks in Indonesia. The study used financing to deposit ratio (FDR) as a representation of liquidity risk, non-performing financing (NPF) as a representation of financing risk, and the operating expense ratio (BOPO) as a representation of operational risk. Regarding competition, market share (MS) and market concentration (MC) proxies by the Hirschman–Herfindahl Index (HHI) were used. Time series data were collected from 14 Islamic banks operating in Indonesia for the period 2010–2020 and the Least Square method was used. It was found that liquidity risk affects positively the profit of Islamic banks, while financing risk and operational risk impact negatively the variation of the profit. Only market share, influences the variation in the profit of Islamic banks in terms of competition level. Therefore, the Indonesian government should apply a competition policy to the Islamic banking sector in order to increase their profitability and improve economic growth. For future research, it is recommended to include other Islamic finance institutions like Islamic rural banks and Islamic takaful (Islamic insurance) to analyse these effects in a general way.
Factors Influencing Islamic Social Reporting in Indonesian Sharia Banking Compliance Fatima Az-Zahra Wairooy; St. Umrah; Zaimudin Al-Mahdi Mokan
Journal of Islamic Economics and Philanthropy Vol. 6 No. 4 (2024): May
Publisher : Universitas Darussalam Gontor

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Abstract

The rapid development of Islamic banks certainly urges researchers to reveal secrets, especially those relating to financial performance (FP), governance, and disclosures from companies or institutions, whether they are in accordance with halal standards or vice versa. This research aims to assess the suitability of halal standards. in the sharia banking industry sector, apart from that, in principle, when a bank has a high value of non-halal income, it can be predicted that the bank will still have high interest-based debt, and vice versa, All Syrian Commercial Banks registered with the OJK in 2014-2021 constitute the research population. 96 samples were collected from 12 BUS using purposive sampling. The findings show that the indicator of Halal Life Style, namely Non-Halal Income (X1), has no effect on ISR disclosure, while the Sharia Financial Performance indicator consisting of FDR (X3), CAR (X4), and DER (X5) has no effect on ISR disclosure (Y), while ROA (X2) influences ISR disclosure (Y). The result of this research show that companies in the halal industrial sector, especially Sharia Commercial Banks in Indonesia, are still lacking in paying attention to and minimizing non-halal income as well as other indicators such as FDR, CAR, and DER.
Investment Risk Management in Sharia Banking : A Literature Study Nani Suhartini; Radhya Arsy Tamika; Azhar Nor
Journal of Islamic Economics and Philanthropy Vol. 6 No. 4 (2024): May
Publisher : Universitas Darussalam Gontor

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Abstract

An incident that carries the possibility of causing financial loss is called a risk. In banking, investment risk is the risk that necessitates the bank to take a portion of the losses from a customer's business that has been financed through profit-sharing arrangements that include the profit and loss sharing and net revenue sharing methods. The purpose of this study is to examine the factors that influence investment risk and how they affect Islamic banking, as well as how investment risk management is applied there. The present investigation employs a literature study methodology to address the research objectives. Content analysis is the analytical technique employed in this study. According to the study's findings, there are variations in the investment risks associated with Islamic banking, namely between mudharabah and musyarakah investment risks.
Business to Business (B2B) Model from an Islamic Economic Perspective Fadly Yashari Soumena; Nur Afifah; Indri Nur Amanah; Antoni Julian
Journal of Islamic Economics and Philanthropy Vol. 6 No. 4 (2024): May
Publisher : Universitas Darussalam Gontor

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Abstract

The development of online technology has given birth to many types of businesses, including online businesses. These various forms of online business include business-to-business (B2B). B2B is a typical business that connects business actors in a business transaction. Business-to-business (B2B) in a sharia economic perspective refers to transactions between companies that are in accordance with sharia economic principles. It involves the exchange of goods and services between business entities that comply with the laws of Islamic economics. The main principles of sharia economics that must be adhered to in the B2B context include the prohibition of usury (interest), the prohibition of maysir (gambling), and the prohibition of gharar (uncertainty or excessive speculation). B2B transactions in the Islamic economy must also comply with the principles of justice, fairness, and compliance with Islamic laws. So the journal we are writing about will discuss and study business-to-business (B2B), especially from a Sharia economic perspective. The method used in this re-search is a study of primary sources taken from academic journals and relevant published literature. Due to these limitations, analytical studies regarding B2B practices outline Sharia principles and protocols with Islamic business ethics in online commerce.