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Contact Name
Sheema Haseena Armina
Contact Email
sheemahaseenaarmina@unida.gontor.ac.id
Phone
-
Journal Mail Official
iej@unida.gontor.ac.id
Editorial Address
Department of Islamic Economics Jl. Raya Siman, Demangan - Siman - Ponorogo - Jawa Timur, 63471 Telp/HP. +62 812 35797925 Email: iej@unida.gontor.ac.id URL: https://ejournal.unida.gontor.ac.id/index.php/JEI
Location
Kab. ponorogo,
Jawa timur
INDONESIA
Islamic Ecomonics Journal
ISSN : 24601896     EISSN : 25415573     DOI : -
Islamic Economics Journal (IEJ) is a national peer-reviewed and open access journal that publishes research papers encompasses all aspects of contemporary Islamic economics issues. This journal emphasizes specifications in the discourse of Islamic Public Economics, Islamic Monetery Economics, Islamic Business Economics, Islamic International Economics and Islamic Development Economics. This journal openly accepts the contributions of experts from related disciplines. All published articles do not necessarily represent the views of journals, or other institutions that have links to journal publications. This journal is intended to communicate the original researches and current issues on the subject. This journal warmly welcomes any contributions from scholars of the related issues.
Articles 7 Documents
Search results for , issue "Vol. 8 No. 2 (2022)" : 7 Documents clear
The Malaysian Political Economy: Economic Transformation & the Expansion of Islamic Economics Abdalrahman Mohamed Migdad; Harun Adams Babngida
Islamic Economics Journal Vol. 8 No. 2 (2022)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1127.056 KB) | DOI: 10.21111/iej.v8i2.7210

Abstract

This paper aims to shed light on Malaysian economic development briefly in light of demographics and politics while focusing on economic legislation that had the largest effect on the outlook of the nation known to the world today. Later on, Islamic economics was introduced to the scene and developed wider and faster than most Islamic economies in the world. This paper also explains this rapid development in the context of the nation’s political-economic development.The paper is qualitative and analytical; it addresses developments up to 2017. Although few discussions extend beyond the focused period, they were not significant enough to change the entire perspective. The paper incorporates fieldwork, observations, and interviews that took place in 2017. The paper concludes that certain socio-economic policies need to be updated to suit today's generations and allow for the continuation of development at high rates. Furthermore, the expansion of Islamic economics is beneficial; however, the industry demands detail and procession more than ever, especially in sharia compliance for it to continue developing steadily.  
Comparative Trade Analysis Between Indonesia and Organization Islamic Country Nurul Azizah Az zakiyyah; Indanazulfa Qurrota A'yun; Firsty Ramadhona Amalia Lubis
Islamic Economics Journal Vol. 8 No. 2 (2022)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1312.224 KB) | DOI: 10.21111/iej.v8i2.7316

Abstract

Globalization that took place in the last few decades has caused various changes in the world economic order. This effort was also carried out by Muslim countries with the aim of improving economic relations and coordination at the regional level so that the Organization of Islamic Cooperation (OIC) was formed. This study analyzes the comparative advantage and trade patterns between Indonesia and the OIC countries which are limited by 10 OIC member countries which have the largest average export value from Indonesia over the last ten years. These countries include Bangladesh, Iran, Malaysia, Nigeria, Egypt, Pakistan, Jordan, Saudi Arabia, Turkey and the United Arab Emirates. Data analysis in this study uses a quantitative approach. In this study, statistical software tools will be used, namely Microsoft Excel to calculate RCA, RSCA and also trading patterns of the 10 OIC countries with the largest trade volume, Indonesia tends to have a comparative advantage in products of Animal or vegetable fats and oils and their cleavage (HS 15) and Man-made staple fibers (HS 55) where these products are products that have a comparative advantage in the ten countries. Indonesia managed to maintain the same comparative advantage in 2005 and 2020 against the United Arab Emirates (UAE) where the superior product group in those 2 years was exactly the same and only changed its ranking position.
Does Islamic Financial Development Reduce Carbon Emissions? Evidence from OIC Countries Nadya Setiawati; Daryn Salsabila
Islamic Economics Journal Vol. 8 No. 2 (2022)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (861.95 KB) | DOI: 10.21111/iej.v8i2.7333

Abstract

Islamic finance has great potential in encouraging the development of social and economic infrastructure. The rapid improvement of the Islamic finance sector and the increasingly good economic growth have a positive impact on infrastructure development in the Countries of the Organization Islamic Cooperation (OIC). The study analyzed the impact of the development of the Islamic financial sector on CO2 emissions in 12 OIC countries including the United Arab Emirates, Indonesia, Jordan, Kazakhstan, Kuwait, Lebanon, Malaysia, Nigeria, Pakistan, Saudi Arabia, Sudan and Turkey from 2013 to 2018. The dependent variables used are CO2 emissions, while independent variables include GDP per capita, Sukuk issuance, total sharia-compliant, total energy consumption, and industry value-added. The study used the Panel Corrected Standard Error (PCSE) method and robustness using the Newey-West standard error model. Results from the study showed that GDP per capita and industry value added significantly increased CO2 emissions. Conversely, Islamic financial development variables namely Sukuk issuance and total sharia-compliant have a negative and significant impact on CO2 emissions. This research suggests for policymakers to further encourage sustainable development of Islamic finance to encourage energy efficiency and renewable energy production and consumption to reduce CO2 emissions and maintain environmental quality.
The Efficiency of Indonesia and Malaysia Sharia Bank in the Shadow of Covid-19 Pandemic: DEA Window Analysis Ihsanul Ikhwan; Ririn Riani
Islamic Economics Journal Vol. 8 No. 2 (2022)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (958.773 KB) | DOI: 10.21111/iej.v8i2.7352

Abstract

The Pandemic conditions can lead to various problems that can trigger financial distress and inefficiency, especially in the banking sector. In recent decades, there has been a rapid increase in sharia banking, and the importance of this sector to the economies of several countries. The assessment of sharia bank's efficiency will become important as efficiency reflects the banks' performance. This study aims to analyze the stability of sharia bank efficiency in Indonesia and Malaysia using the Data Envelopment Analysis (DEA) dan DEA Window method. This study uses 2015 to 2020 as a research period, especially to look at the stability efficiency of Indonesia and Malaysian Sharia Bank in the Covid-19 pandemic era. The result showed that Indonesia is better than Malaysia in terms of efficiency stability. However, both show a similar pattern, where there is a decrease in the average level of efficiency during the Covid-19 pandemic. From the perspective of efficiency stability analysis through several summary statistics such as its Standard Deviation (SD), Long Distance per Period (LDP), and Long Distance per Year (LDY), the sharia bank with the most relatively stable value of efficiency scores is Maybank Islamic Berhad, then followed by BRI Syariah and BSM.
Identify the Issuance Problem of Corporate Green Sukuk in Indonesia Bella Tahya Hania; Endri Endri; Indra Indra
Islamic Economics Journal Vol. 8 No. 2 (2022)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (970.983 KB) | DOI: 10.21111/iej.v8i2.8404

Abstract

Sustainable financing is one of the international issues that has been widely discussed due to the issue of climate change. Green sukuk is one of the sustainable financing instruments that are sharia-compliant. However, companies in Indonesia have not shown interest in issuing corporate green sukuk. Various problems and challenges faced by the company to be able to issue corporate green sukuk. The purpose of this study is to know the problem of issuing corporate green sukuk in Indonesia and the best solutions that can be used. The research method used is Analytic Network Process (ANP). In this study, respondents came from experts of corporate green sukuk problems. Total respondents of this research were 5 peoples who came from academia, company actors and regulators. The results show that the main problem in issuing corporate green sukuk is the lack of understanding from market participants. Meanwhile, in terms of solutions, the incentive provided by the government is the main solution to encourage the issuance of corporate green sukuk.
Analysis of Strategic Risk Management on National Board of Zakat (BAZNAS) in Sukabumi Hartomi Maulana; Soritua Ahmad Ramdani Harahap; Mentari Mentari Fazrinnia
Islamic Economics Journal Vol. 8 No. 2 (2022)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (887.986 KB) | DOI: 10.21111/iej.v8i2.8787

Abstract

Zakat is one of the five basic pillars of Islam. The main function of zakat is to help the economy of the mustahik and become a counterweight in the national economic sector. Government Regulation of the Republic of Indonesia explained that the management of zakat is regulated by a non-structural government agency, namely, the National Board of Zakat (BAZNAS) which is responsible to the President through the Minister. The inaugural meeting of the International Working Group on Zakat Core Principles, which resulted in an agreement that the identification of risks in zakat management is very important because it will affect the quality of zakat management in the future. The purpose of this study was to analyze the implementation and mitigation of strategic risk management in the BAZNAS in Sukabumi. This study employs quantitative approach as research method. Interview and documentation are used as data collection techniques. The results of this study found that implementation of strategic risk management and the mitigation of strategic risk of BAZNAS in Sukabumi is well implemented. The vision and mission risk is the biggest strategic risk that is likely to occur, while the strategic risk that has the greatest impact is the objective risk. The BAZNAS in Sukabumi has good risk mitigation based on the scale of risk vulnerability.
Women's Empowerment From An Islamic Perspective (Analytical Study) Khoirul Umam; Muhammad Agus Waskito
Islamic Economics Journal Vol. 8 No. 2 (2022)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1133.828 KB) | DOI: 10.21111/iej.v8i2.9069

Abstract

Women's empowerment, which refers to feminist thinking, is a process of awareness and capacity towards greater participation to produce equality of degrees between women and men. It is because women are considered helpless. The economic factors that characterize women's empowerment make it partial and ignore the role of women in other aspects. In Islam, women's empowerment is holistic and multidimensional and covers religious, social, political, and economic aspects. Based on this, this study aims to describe women's empowerment in Islamic perspective and economic empowerment under women's empowerment in Islam. This research is literature research with a qualitive approach. In terms of analytical methods, this study uses critical analysis methods with data collection techniques through a literature review that examines women's empowerment from an Islamic perspective and its economic empowerment. The first research results show that the model of women's empowerment in Islam is a holistic preparation of empowered women that includes four religious, social, political, and economic dimensions. It means that the empowered woman in the Islamic perspective carries out her role with full awareness, including all aspects of her role, in the aspects of creation, character, and roles in the family and society, as well as the sufficiency of fardhu 'ain science as a guide to life. Second, women's economic empowerment in the women's empowerment in Islamic perspective is an effort to make women able to maintain, manage, use property, and develop the property for the benefit of themselves, their families and society in order to realize their optimal role.

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