cover
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 305 Documents
'Urf Analysis on Electronic Money (E-Money) Use (Study Case: Lecturer of Economics and Islamic Business UIN North Sumatra Medan) Nurul Jannah; Asmuni Asmuni; Tuti Anggraini
Islamic Economics Journal Vol 8, No 1 (2022)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (831.94 KB) | DOI: 10.21111/iej.v8i1.7562

Abstract

Circulating government regulations regarding the use of e-money, people began to obey them by using e-money until finally the use of e-money has become a habit for the majority of Indonesian people. The basic law of muamalah in Islam is permissible until there is a proposition that prohibits it, so with this shift in habit, whether custom or in ushul fiqh science is called 'urf. This study aims to analyze 'urf on the use of electronic money (e-money) at the lecturers of the Islamic economics and business faculty of UIN North Sumatra Medan, this qualitative research uses the case study method. The researcher conducted observations on all permanent lecturers of the undergraduate program and of the sixty-two lecturers of the Faculty of Economics and Islamic Business, State Islamic University of North Sumatra Medan, the researcher will conduct interviews only with ten representatives of lecturers of the Faculty of Economics and Islamic Business, State Islamic University of North Sumatera, Medan with criteria ranging from 25-40 years old and the lecturer understands about electronic money and has used electronic money (e-money) outside of campus mandatory transactions. This study results that the use of e-money is included in the 'urf sahih category, which means that the use of e-money is a habit that does not conflict with the arguments of the Qur'an and Hadith, the use of e-money also includes 'urf 'amm which means e-money known, known, agreed upon and applied by the majority of the community, the use of e-money also provides benefits to the community. So the use of e-money is an 'urf that can be used as the basis for legal determination
Analysis of the Effect of Gross Domestic Product (GDP) and Total Population on State Tax Revenue (2016-2020) Lisda Aisyah; Meichio Lesmana; Muhammad Sauqi; Agus Alimuddin
Islamic Economics Journal Vol 8, No 1 (2022)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (585.491 KB) | DOI: 10.21111/iej.v8i1.7503

Abstract

Taxes are the main sector that provides income to the state, from which these funds will be used to finance the running of various sectors in Indonesia. Therefore, to advance the country a policy is needed by optimizing tax revenue, and each taxpayer must fulfill its obligation to pay taxes. The purpose of this research is to determine the factors that influence the amount of national tax revenue in Indonesia. From the theory obtained and from several previous studies, there are several factors that influence tax revenue, including the Gross Domestic Product (GDP) and population. The data used in this study are secondary data for the period 2016 to 2020 taken from the official website, namely the Central Statistics Agency (BPS) and the Ministry of Finance of the Republic of Indonesia, which are then analyzed using multiple regression analysis. The results of this research indicate that the gross domestic product (GDP) and population variables simultaneously and partially has an effect on state tax revenue at the 5% and 1% significance levels while when viewed through Islamic principles, Gross Domestic Product (GDP) reaches 80 percent so that GDP of Indonesia is recorded at around USD 1 trillion or equivalent to Rp. 14.04 trillion. Keywords; Gross Domestoc Bruto (GDP); Total Population; State Tax Revenue, Islamic Economic Principles.
Analysis of Community Intentions on Islamic Bank Products Using The Theory of Planned Behavior Approach Noni Afrianty
Islamic Economics Journal Vol 8, No 1 (2022)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (731.509 KB) | DOI: 10.21111/iej.v8i1.8022

Abstract

This study aims to determine the effect of attitudes on behavior, perceived behavioral control, and subjective norms or to know perceptions and understandings and then develop into the intentions of Bengkulu city panoramic market traders in behaving using Islamic bank products. The sampling technique used is the theory of Hair obtained a sample of 230 respondents with the sampling technique used is accidental sampling. The analysis technique used Structural Equation Modeling (SEM) with the SmartPLS 3 tool. The results of this study indicate that the variables of attitude towards behavior, perceived behavioral control and subjective norms have a significant effect on intentions and intentions have a significant effect on the behavior of a trader at the Bengkulu city panorama market in behaving in using Islamic bank products.
Analisis Dompet Digital “Link Aja Syariah” dari Perspektif Maslahah Mursalah Anisa Fadilah Zustika; Achmad Fageh
Islamic Economics Journal Vol 8, No 1 (2022)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (675.501 KB) | DOI: 10.21111/iej.v8i1.6279

Abstract

Industry of 4.0 era it is no stranger to talk about digital wallets whose existence can make it easier for humans to make payment systems.There are many kinds of digital wallets in Indonesia,  first one that is sharia-based is the "Link Aja Syariah" application where this application gets the MUI DSN certificate. The purpose of this study is to analyze the Link Aja Syariah digital wallet application from the perspective of Maslahah Mursalah. The method used in this study uses a qualitative method with a library research approach with primary data sources originating from the official website link aja sharia and secondary data referring to journals, books, ebooks, the Qur'an and hadith and other Islamic literature. Based on the results of the research above, it states that benefits provided by the Link Aja Syariah application were ease of transaction. This benefit can be felt by all, both users and agencies concerned, so that it is in line with the rules of maslaha mursalah.
Islamic Banks Between the Jurisprudence of Leading Theorists and Application Abdalrahman Mohamad Migdad; Ashraf Dawaba
Islamic Economics Journal Vol 8, No 1 (2022)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1050.063 KB) | DOI: 10.21111/iej.v8i1.7936

Abstract

The last half of the twentieth century witnessed the birth of Islamic banks. Since their inception, these banks have announced - through their theoreticians - their intention to achieve economic and social development based on their commitment to the principles and provisions of Islamic Sharia. The theoreticians' interests were towards long-term investment and partnership-based contracts as a foundation for mobilizing and using financial resources to achieve development. The paper studies the performance of Islamic banks by collecting data from six Islamic banks in six of the major Muslim countries that engage in Islamic finance. Some of the main conclusions are as follows: The Islamic banks' practice reveals that the thoughts of leading theorists have become absent, as these banks have shifted from the long-term investment method to the short-term commercial method in search of liquidity and profitability. As a result, Murabaha became an alternative to credit on the output side. In turn, current deposits dominated the input side, thus transforming Islamic banks into a form similar to commercial banks. The matter was made worse by the resorting of some Islamic banks to the application of organized 'tawarruq,' which reflects the tendency of some current theorists and implementers to follow the path of traditional banks and enter the tunnel of the jurisprudence of reprehensible tricks. Also, the social role hoped for by Islamic banks has become closer to stagnation than to hoped-for mobility. Keywords; Islamic Banks, Muslim Theorists, Islamic Jurisprudence, Bank Practice, Financial Facilities
Efektivasi Pengumpulan Zakat di Kabupaten Sumbawa Barat Amir Ma'ruf
Islamic Economics Journal Vol 8, No 1 (2022)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (835.054 KB) | DOI: 10.21111/iej.v8i1.7060

Abstract

The potential for zakat in Indonesia is very huge, in 2019 it reached Rp 233,8 trillion but the collection by the zakat management organization (ZMO) is very small, only around 3.2%. This phenomenon occurs both at the national and regional scales. KSB is one of the areas in Indonesia with a majority Muslim population, where out of 159.980 prosperous people, 98,44% are Muslims. This situation illustrates the potential for zakat in KSB. However, the phenomenon found in the field is the opposite. From the result of research on this phenomenon, four factors were found, namely awareness of muzakki, trust in ZMO, work scope of WMO, and small incentives for muzakki. To increase the effectiveness of zakat collection, an intervention is needed. This research is a qualitative research using the Susamto’s Four Fields as an analytical tool. The result found that the most likely form of intervention to be carried out was in the form of providing additional incentives for muzakkis who had paid their zakat. This insentive is not from areduction in the total zakat collection, but from other thing that can continue to trigger the spirit of muzakki. This effectiveness program must be institutionalized with support from the government.Keywords; Effectiveness, Incentives, Muzakki awareness, Zakat management organization, zakat potential.
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.  
Analisis Permintaan Modal Kerja Usaha Mikro Pada Masa Pandemi Covid-19 Dalam Prespektif Permintaan Islam Maulana Firdaus; Lilik Rahmawati; Zuhrotun Nisa
Islamic Economics Journal Vol 8, No 1 (2022)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (559.429 KB) | DOI: 10.21111/iej.v8i1.7205

Abstract

Modal Kerja adalah salah satu instrument terpenting dalam membangun usaha. Kondisi Pandemi Covid-19 yang terjadi sejak triwulan keempat ditahun 2019, pada triwulan pertama tahun 2020 kondisi sudah tidak terkendali hingga membuat para pelaku usaha Mikro kehabisan modal untuk dapat menjaga usahanya agar tetap bertahan. Komponen modal dalam usaha terbagi menjadi 3 yakni modal sendiri, modal dari dana ivestasi dan modal kerja dari perbankan. Modal kerja dari perbankan yakni dana yang didapat dari perbankan dalam bentuk kredit di bank konvensional atau pembiayaan di bank Syariah. Melihat kondisi pandemi Covid-19 yang mulai dapat dikendalikan membuat kondisi ekonomi diberbagai sektor membangkit. Pemerintah dalam hal ini banyak memberikan opsi-opsi untuk menjaga kondisi ekonomi agar segera pulih diantaranya dengan adanya restrukurisasi hingga pemberian modal kerja baru untuk sektor ekonomi mikro. Banyaknya permintaan modal kerja baik di Lembaga Keuangan dalam masa pandemi ini membuat kondisi usaha skala mikro cepat membaik. Para pengusaha di sektor UMKM atau menengah kebawah membuat banyaknya opsi barang-barang yang diual di pasar. Sehingga maksud dari tulisan ini adalah untuk menganalisa permintaan modal kerja usaha mikro pada masa pandemi Covid-19 perspektif permintaan islam. Metode penelitian ini menggunakan metode kualitatif deskriptif. Hasil dari penelitian ini menganlisis meningkatnya permintaan modal kerja usaha mikro pada masa pandemi Covid-19 dalam perspektif permintaan Islam
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.
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.