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
Meningkatkan Ekonomi Berkeadilan: Solusi Pasar Modal Syariah di Indonesia: Increasing an Equitable Economy: Indonesia's Sharia Capital Market Solutions Iman Supriadi; Rahma Ulfa Maghfiroh; Oktaviani Permatasari
Journal of Islamic Economics and Philanthropy Vol. 6 No. 1 (2023): August
Publisher : Universitas Darussalam Gontor

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Abstract

The Islamic Capital Market (ICM) is a Sharia-compliant capital market where transactions are conducted fairly and without involving elements of usury, speculation, or gharar. This market has been rapidly growing in various countries, including Indonesia. However, it still needs challenges, such as the limited understanding of Islamic investment products among the public and restricted regulations. This research aims to provide a deeper understanding of the concept and development of the Islamic capital market in Indonesia and other countries and the challenges in its development. It also seeks to identify the benefits of Islamic investment for the economy, thereby helping to improve literacy and participation in the Islamic capital market. The research methodology used is a literature review with descriptive-qualitative data analysis techniques. Scientific literature related to the ICM concept, the development of Islamic capital markets in Indonesia and other countries, and the challenges in ICM development were used as data sources. The findings indicate that the Islamic capital market has significant potential for growth and serves as an alternative for investors seeking Sharia-compliant investments. However, efforts are needed to enhance education and literacy about the Islamic capital market among the public and improve and refine regulations.
The Impact of Macroeconomics Variables and Bank Internal Factors on Islamic Banking Performance During Covid-19 in Indonesia Mamadou Salieu Jallow
Journal of Islamic Economics and Philanthropy Vol. 6 No. 1 (2023): August
Publisher : Universitas Darussalam Gontor

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Abstract

Previous studies focused on Bank internal factors in analysing the financial performance of Islamic banks. In this paper, we examine the performance of Islamic Banks in Indonesia by using key macroeconomics and bank internal variables as well as including covid-19 as a dummy variable from 2010 to 2021. The study used secondary data collected from World Bank database and Islamic banks annual financial reports. An Econometrics models such as VAR, unit root test and Johansen cointegration test were employed in the estimation process in which ROA was used as a proxy to measure the performance of Islamic Bank whereas Eight variables such as GDP, BOPO, CAR, FDR, NPF, Trade, Inflation, and Covid-19 were used in determining the performance of Islamic Banks in Indonesia. The findings indicate that, the lagged values of Gross Domestic Product (GDP), BOPO, CAR, FDR trade and Covid-19 all have a positive relationship with ROA. In the other hand, the lagged variable of Non-performing Financing (NPF) shows a negative and statistically insignificant relationship with ROA. Consequently, the study recommends that government should introduce expansionary fiscal policy to stimulate economic growth thereby enhancing Islamic banks performance. From this results, management of Islamic banks and those in academia can use it in understanding the macroeconomic and bank internal factors that impact the financial performance of Islamic banking. However, this paper could not examine other variables like digital index, taxation and banks governance structure in determining the financial performance of Islamic banks in Indonesia.
Faktor di Balik Belanja Shopee: Mengungkap Kekuatan yang Mendorong Keputusan Pembelian: The Factors Behind Shopee Shopping: Exposing What Influences Purchase Muhammad Rexsa Assyarofi; Muhammad Nurul Kholifah
Journal of Islamic Economics and Philanthropy Vol. 6 No. 1 (2023): August
Publisher : Universitas Darussalam Gontor

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Abstract

The purpose of this study was to examine the influence of Marketing Mix, Product, Price, Promotion and Place on Purchase Decisions at Shopee. This study uses a sample of residents of Solo Raya. The sample was selected using the non-probability sampling method, totaling 200 respondents by distributing questionnaires online using the Google Form. using a questionnaire method with a Likert scale. The analysis technique used is multiple linear regression assisted by the SPSS version 22.0 program. The results obtained in this study are that the product and price have a positive and insignificant effect on purchasing decisions at the shopee for residents in Solo Raya, while the place and promotion have a positive and significant effect on purchasing decisions at the shopee for residents of Solo Raya. Other results show that the purchase decision variable is influenced by the independent variable of 76.7% and the remaining 23.3% is influenced by variables outside the model
Comparative Analysis of Collection and Distribution of Zakat Institution Funds in Indonesia Ainul Fatha Isman; Mohamad Syahreza Pahlevi
Journal of Islamic Economics and Philanthropy Vol. 6 No. 1 (2023): August
Publisher : Universitas Darussalam Gontor

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Abstract

Zakat is an important instrument in Islamic philanthropy that can be beneficial in socio-economic terms. The purpose of this study is to analyze the development of the collection and distribution of zakat funds at zakat institutions in Indonesia. This research uses a quantitative method using horizontal analysis. The results of the study show that the collection and distribution of zakat funds for each zakat institution have different graphs are increasing, decreasing, and fluctuating. The collection of zakat funds in the 2016-2019 period shows that the largest collection of funds is LAZ Dompet Dhuafa, the proportion of which reaches 30% of the total funds. Meanwhile, LAZ Mizan Amanah is a zakat institution with the lowest proportion of fundraising, namely 1% of the total funds. The distribution of zakat funds in the period 2016-2019 shows that LAZ Rumah Zakat has the largest distribution of funds and LAZ Mizan Amanah is a zakat institution with the lowest proportion of channeling funds is only 1% of total funds. The implication of this research is for zakat institutions to optimize the collection of zakat funds innovatively so that they can channel more funds to the community.
Do Digital Technologies Support Entrepreneurship Growth? Evidence from Indonesian Muslim Women in Depok City Issa Hamadou
Journal of Islamic Economics and Philanthropy Vol. 6 No. 1 (2023): August
Publisher : Universitas Darussalam Gontor

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Abstract

The main objective of this paper is to assess the impact of digital technologies on the entrepreneurial output of Muslim women in Indonesia. Using a questionnaire, we collected data from Muslim women entrepreneurs involved in digital entrepreneurship in Depok city. We applied multiple linear regression to analyze the data. We found that the use of e-commerce platforms and internet services affects positively the entrepreneurship growth of Muslim women in Indonesia. However, online payments have been found non-significant because of awareness of risk and security towards online payment system. One of the limitations of this research is the size of the sample. Obtaining data from Muslim women entrepreneurs was very difficult. Again, the case under study is limited to one country. Therefore, it is recommended for future research to use a large sample size and include more countries. Indonesian government should implement tax reduction policies in order to improve the growing sector of Muslim women entrepreneurs, which can help them to become empowered in society.
Maisir Higgs Domino Chip Transactions Online for Millennials in Bengkalis Regency Zulfikar Hasan; Oliv Rezfani; Ahmad Syukri
Journal of Islamic Economics and Philanthropy Vol. 5 No. 4 (2023): May
Publisher : Universitas Darussalam Gontor

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Abstract

The online Higgs domino maisir chip transaction among millennials in the Bengkalis region is the focus of this study. The purpose of this study was to determine how the millennial generation views online Higgs domino chip transactions and how they affect them. This kind of exploration is subjective examination. This kind of research uses descriptions and field conditions to develop concepts, understandings, and theories. Descriptive analysis is the method used in this study, which aims to accurately describe a person, disease, symptom, or group. The Interview is the method that is used to collect data. It is a form of verbal communication that aims to gather information. Written documents like diaries, magazines, documents, meeting minutes, and others are used to gather information on Islamic law and opinions about the Maisir Higgs domino chip transaction in the Bengkalis area for the millennial generation. The law of online Higgs domino maisir chip transactions, which includes the prohibitions of gharar, usury, and maisir from an Islamic economic perspective, are the findings of this study.
Performance of Indonesia's Sharia Capital Market for the 2022 Period Atika Zahra Maulida; Agus Purnomo
Journal of Islamic Economics and Philanthropy Vol. 5 No. 4 (2023): May
Publisher : Universitas Darussalam Gontor

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Abstract

Islamic capital markets instruments such as stocks, mutual funds, and sukuk are tools to drive economic growth through the capital market sector. The financial sector's performance in the first semester remained stable in 2022. The indicator that is getting stronger in the JCI index is 5.02% or a year-to-date level of 6911.58 as of June 2022. This article aims to find out the performance of the Indonesian Islamic capital market for the 2022 period. This research uses a qualitative method with a literature review approach regarding the development and growth of sharia capital market performance after Covid-19 pandemic. The result of the discussion for the population has an Islamic majority population, so the capital market industry is expected. To accommodate and collect contributions from Muslim citizens to be active in the stock market, especially the Islamic stock market, and a local investor in the Indonesian Sharia capital market. Realize naturally that investment products are developed following Islamic principles and teachings. The financial sector's performance in the first semester remained stable in 2022. The indicator getting more assertive in the JCI index is 5.02% or a year-to-date level of 69 11.58 at the end of June 2022.
Do we need a Sharia Supervisory Board in every Islamic bank? Dian Septi Purnamasari; Asad Arsya Brilliant Fani; Fajrin Intan Safitri
Journal of Islamic Economics and Philanthropy Vol. 5 No. 4 (2023): May
Publisher : Universitas Darussalam Gontor

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Abstract

Sharia compliance is crucial for Islamic Financial Institutions, so SSB an important element is the existence. The SSB is tasked with providing advice and suggestions to the directors as well as supervising and making decisions, policies related to bank activities so that they comply with sharia principles. The amount of remuneration in several banks is a problem in this research, so is it really necessary to have SSB in every bank, will the DSN not be enough? Remuneration can be allocated as an additional financing fund for debtors. This paper examines the relationship between SSB effectiveness, their remuneration, asset efficiency. Using a quantitative descriptive method, the Common Effect Model CEM as a model and form of dummy variable cross section data. The results that can be drawn from this study are the SSB remuneration, the number of members of the SSB, the total number of meetings held and the size of the assets have a significant effect on financing. Even though the percentage of remuneration in several banks is not reasonable, the role of SSB in each bank is still very much needed according to their roles and obligations.
Green Economy and Partnership Program in the Tofu Processing Industry: Towards Social-Economic Systems Driving Sustainable Development Adinda Thaliya; Dania Hellin Amrina
Journal of Islamic Economics and Philanthropy Vol. 5 No. 4 (2023): May
Publisher : Universitas Darussalam Gontor

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Abstract

With the development of the population which continues to increase along with the times, there is also a shift in people's lifestyles and human desires to be able to meet their needs, this can be seen from the many community businesses that make ends meet and encourage the family's economy without thinking about the impact on the surrounding environment. The purpose of this study is to find out how the implementation of the green economy and partnership program is carried out in the tofu processing industry in a socio-economic system to encourage sustainable development, so that later it is hoped that the results of this research resume can serve as an example for other processing industries to implement green economy and partnership programs. good for the socio-economic system. This research is a descriptive study using literature and summarizing the results of previous studies. This research shows the results that the tofu processing industry on Singkep Island, Bandar Lampung City has implemented a partnership program, and through this research it can also be seen that the processing industry studied has implemented green economy principles in promoting sustainable development. development. The existence of an exemplary application of partnership programs and the green economy can foster a socio-economic system that is in accordance with the main objectives of Islamic economics, namely creating a prosperous society based on justice, equity and balance.
Pemberdayaan Wakaf Produktif: Analisis Pengetahuan, Sikap, dan Praktik Takmir Masjid di Indonesia: Productive Waqf Empowerment: Analysis of Knowledge, Attitudes, and Practices of Mosque Takmir in Indonesia Muhammad Hanif Ibrahim; Annes Nisrina Khoirunnisa; Silvi Sri Mulyani
Journal of Islamic Economics and Philanthropy Vol. 5 No. 4 (2023): May
Publisher : Universitas Darussalam Gontor

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Abstract

Apart from being a place of worship, a mosque can become a center for the people's economy. One of the Islamic instruments that can be used is productive waqf. Nadzir waqf who doubles as mosque takmir must have good knowledge of managing waqf assets so that they can become a driving force for the economy in society. Therefore, this study aims to empirically examine knowledge, attitudes, and practices in empowering people by takmir mosques in Indonesia. The method used in this study is quantitative by using the concept of knowledge, attitude, and practice (KAP) theory using the Structural Equation Modeling (SEM) analysis technique. Data collection in the field was carried out by distributing questionnaires to 514 private mosque takmirs spread across 25 provinces in Indonesia. This research is expected to contribute to the development of waqf in Indonesia as an effort to increase the welfare of the people.