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
The Ethics of Advertising in Islamic Economics Muhammad Taufiq Affandi
Islamic Economics Journal Vol. 1 No. 1 (2012)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (630.098 KB) | DOI: 10.21111/iej.v1i1.159

Abstract

Advertising is the huge weapon of manufacturers located in frontier to campaign their product. Capitalist has been—for a very long time—spending a great amount of money in advertising. They believe that advertising can not be separated from their economic activities. Capitalists, therefore, use all means to make attractive advertisement. They raced to produce a unique and interested advertisement. Soon, advertising has lost its real function to give information of product to consumer. Further, there are so many advertising activities which break the norms. They show part of body that should not be visible. Some other use rude words and jokes. Others are provocation to use dangerous items. Frequently, some advertising insult other product, or other race. Those are all harmful for people, especially for Muslim.
Reserve Requirements in Islamic Banking System: A Critical Survey Satria Hibatal zizy
Islamic Economics Journal Vol. 1 No. 1 (2012)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (479.533 KB) | DOI: 10.21111/iej.v1i1.160

Abstract

The discourse of westernization and liberalization had been spread to Muslim ummah nowadays. To decrease the impact of both problems, Muslim scholars seek for a solution called Islamization of knowledge. This effort took place in every sphere in human life, including economics, and specifially in banking sector. One concern in Islamization’s effort on banking sector is reserve requirements policy, which the muslim economists have different opinions on it, between imposing fractional reserve requirements or 100% reserve requirements. In case of reserve requirements, muslim economists are divided into two major groups. The fist, which represented by Umer Chapra, Nejatullah Siddiqi, MonzerKahf, Afzalurrahman and Mohamed Ariff, they saw that fractional reserve requirements is a right way for Islamic banking system. The reserve used for ensure bank’s ability to fulfil it obligation to the depositors. In addition, it could be used by Islamic central bank as a tool of monetary policy to control money supply. The second, represented by Mabid Ali AlJarhi, Mohsin S. Khan, Abbas Mirakhor and Mahmoud Abu Saud recommend the use of 100% reserve requirements. According to them, fractional reserve system could suffer such an inherent instability. Over expansion of credit is often occurring this system that imply to unstable infltion. Their assumption is 100% reserve requirements will bring to more stable economy.
Wazīfatu Az-zakāh Fī An-nahdhah At-ta’līmiyah Fī Indūnīsiyā Wa Barūnāy Dāru As-salām Ahmad Fannani
Islamic Economics Journal Vol. 1 No. 1 (2012)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (669.585 KB) | DOI: 10.21111/iej.v1i1.161

Abstract

Generasi muda merupakan aset bangsa yang sangat penting, karena mereka akan menjadi penerus tongkat estafet dari para pendahulunya. Untuk mempersiapkan generasi penerus bangsa diperlukan pendidikan yang layak dan berkualitas. Namun, bagi orang yang kurang mampu adalah tidak mudah untuk dapat mengakses pendidikan yang layak dan berkualitas. Oleh karena itu, diperlukan sebuah solusi berupa program pendidikan yang dapat membantu mereka dalam mengakses pendidikan yang layak dan berkualitas. Salah satu program pendidikan tersebut adalah pengembangan pendidikan melalui program zakat. Dengan adanya dana dari zakat, kegiatan pendidikan dapat berlangsung lebih baik dan efiien.Program zakat sebagai salah satu sarana pengembangan kegiatan pengajaran telah dilaksanakan di beberapa negara, termasuk Indonesia dan Brunei Darussalam. Dalam tulisan ini, penulis bermaksud untuk menemukan peran dan tugas zakat dalam pengembangan kegiatan pengajaran di Indonesia dan Brunei Darussalam. Di sini penulis menggunakan metode deskriptif analisis untuk mengungkap apa dan bagaimana tugas dan peran zakat dalam pengembangan kegiatan pengajaran serta membandingkan antara tugas dan peran zakat di Indonesia dan Brunei Darussalam. Selain itu, tulisan ini juga mengemukakan bahwa pada dasarnya kegiatan zakat dan kaitannya dengan pengembangan kegiatan pengajaran di kedua negara tidaklah jauh berbeda, hanya ada beberapa poin yang membedakan keduanya. Pada akhirnya, diharapkan tulisan ini dapat memberikan kontribusi nyata bagi pengembangan pengetahuan Islam khususnya yang berkenaan dengan zakat dan pengembangan kegiatan pendidikan.
PEMIKIRAN EKONOMI M. UMER CHAPRA Anindya Aryu Inayati
Islamic Economics Journal Vol. 2 No. 1 (2013)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (433.211 KB) | DOI: 10.21111/iej.v2i1.162

Abstract

M. Umer Chapra’s Thought in economics is a blend of traditional sciences, theology and modern economics sciences. His thinking is dominated by macro economic sector because he was widely occupied in the world economy. His thinking are including the concept of falah , hayyahtayyibah and Muslims economic challenges, monetary policy, the Islamic financial institutions which is concerned to the central bank and its policies, and the concept of welfare states according to Islam. Like the other Muslim economists, Chapra hammered at moral as the way of reaching fair and healthy economy. The privileged of M. Umer Chapra thought is the ability to mix and match between the Western economic concepts with Islamic values. He was awarded as the ‘ success Islamic scholar ‘. While his slight shortage is in the attitude of tolerance towards Western financial instruments. This attitude is the impact of his understanding of the world economy, that may not be erased from these instruments except gradually and slowly. Although Chapra realizes that the Islamic economic system can deliver socio - economic justice to the world and become a solution for the failure of the capitalist and socialist economic systems.
TANTANGAN DAN STRATEGI PERKEMBANGAN PERBANKAN SYARIAH DI INDONESIA Muhammad Iqbal Fasa
Islamic Economics Journal Vol. 2 No. 1 (2013)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1304.269 KB) | DOI: 10.21111/iej.v2i1.163

Abstract

This research tries to offer a solution to face the challenges of Islamic banks nowadays. It is known that Islamic banking in Indonesia was reached twentieth age, but has only 5 % from total market share in Indonesia. This is a contradiction to the fact that Indonesia is a largest muslim country in the world. This problem is related to some factors. First, muslim’s rationality in economic, which doesn’t consider halal or haram to pursue the material wealth. Second, their lack of understanding of Islamic bank. Third, there is no support from Islamic institution. Fourth, Islamic banks in Indonesia operate in mix economic system which has lack of regulation, because system of control is mixed with the conventional banks. Therefore, it is necessary to formulate the strategy of Islamic banks development to face the competition with the conventional. It is directed to the development of business competency comprehensively referring to the strength and weaknesses analysis of Islamic banks in Indonesia, such as new imaging program, expansion of market share program, development product program, service enhancement program and open and universal communication program.
ANALISIS PEMAHAMAN NASABAH BNI SYARIAH TENTANG KE‘SYARIAH’AN BNI SYARIAH (Studi Kasus BNI Syariah Godean, Sleman, Yogyakarta) Shofa Rabbani
Islamic Economics Journal Vol. 2 No. 1 (2013)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (560.835 KB) | DOI: 10.21111/iej.v2i1.164

Abstract

Islamic banking must be based on the principles of Islamic economics framework in accordance with Islamic law. Islam forbids usury and interest, but Islam has permitted profit and loss sharing. This research aims to analyze the influence of the level of people’s understanding toward Islamic banking, usury, interest and profit and loss sharing, and to analyze the relationship of Islamic Bank Customer Savers which are also Conventional Bank Customer Savers. This research involved 51 respondents, all of whom are based on customers of BNI Sharia. The result of the study showed that the level of people’s understanding toward Islamic banking is still relatively low. Their perception of how sharia Islamic banks, usury, interest, and the profit and loss sharing are varies, most of them still do not understand and know these terms. On the other side, the relationship between Islamic Bank Customer Savers which are also Conventional Bank Customer Savers and employment status and education level is closely associated. This has an impact on the public interest to save or take financing in Islamic banks is also lower. Islamic banks which supposed to be a prominent choice for the Muslim community is still inferior to conventional bank dominance. Thus, they need to evaluade themselves forward in order to increase the number of customers. Socialization is not only done by banking practitioners in banking settings, but it may be given by dai / khatib / preachers in mosques, formal and informal meetings.
ANALISIS TINGKAT KEPUASAN NASABAH TERHADAP PRODUK LEMBAGA KEUANGAN ISLAM (Studi Kasus Lembaga Keuangan Islam Buana Kartika, Demak 2013) Royyan Ramdhani Djayusman
Islamic Economics Journal Vol. 2 No. 1 (2013)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (867.173 KB) | DOI: 10.21111/iej.v2i1.165

Abstract

This study aims to analyze the level of customer satisfaction views of each product and service attributes analyzing customer satisfaction level on product IFI Buana Kartika Mranggen Demak . The product which is the object of research is the deposit and financing products IFIs Buana Kartika. This study used a 5 ( five ) dimensions of services quality namely reliability (reliability), responsiveness (responsiveness), guarantee (assurance), direct evidence (tangible) and empathy (empathy). In order to achieve the research used quantitative methods with a statistical analysis tool independent sample t - test by comparing the average performance level of IFI Buana Kartika with the average level of customer expectations . The results showed that significant value ratio and performance values for each variable, reliability ( 0.537 ) , responsiveness ( 0.249 ), Assurance ( 0,059 ), Tangible (0.240 ) and Emphaty ( 0,117 ) which is greater than the total value of the level significant 0.05 . That is, H0 stating “ there is no difference between the expected value and performance “ acceptable, meaning customers satisfied with every variable Reliability, Responsiveness, Assurance, Tangible and Emphaty in Islamic Financial Institutions Buana Kartika. In addition, if the value of the variable reliability sorted by the value 0.537 in the highest position which means a very high customer satisfaction rate on variable reliability. While the lowest position is variable with the assurance that the value of 0.059 indicates that the level of customer satisfaction at the lowest variable among other variables that has studied.
ANALISIS HUBUNGAN IJTIHAD DAN TAJDID PEMIKIRAN EKONOMI TERHADAP PERKEMBANGAN USAHA (Studi kasus Pada Amal Usaha Organisasi Masyarakat Muhammadiyah) Dharma Setyawan
Islamic Economics Journal Vol. 2 No. 1 (2013)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (801.721 KB) | DOI: 10.21111/iej.v2i1.167

Abstract

Muhammadiyah declares that the gate of Ijtihad (reasoning) and Tajdid (modernization) were being yet continued. Ijtihad was the base core to establish the main character of Muhammadiyah as a Modern Islamic Modernization Movement. Then, the establishment on Tajdid (modernization) grows as a motor to improve the system of its movement on finding the solution to ideology problem, politic, Business, social, cultural, and defence. Muhammadiyah, which the first time moved on social-religious track, was still upbringing to comprehend and rolling in the progressivity of Moslem society as in the case Indonesia. By Ijtihad (reasoning) and Tajdid (modernization), the role-model of Muhammadiyah as a social-religious movement grows its root on Business practice. The Council of Business and Enterpreneurship (MEK) of Muhammadiyah schedules on developing The House for Charity of Muhammadiyah (AUM). Dawam Rahardjo (2000) confirms, a large number of member and institution will represent as a comparative advantage capital resources to the movement of Muhammadiyah. Those resources orchestrate Muhammadiyah as an organization which is not only moves on social- education-and-religious practices, but as well in Business and Finance. At least, there are two reasons why Muhammadiyah rolls in Business practice Firstly, Muhammadiyah perform to roll in this business merit by the image of intechangible advantages to other charities: as well as schools, hospitals or religious calls. Secondly, Muhammadiyah sustains a potential power to organize those. That is supported by the fact that there are many beureucrates possess in higher structural of Muhammadiyah, the large number of human resources out-put by Muhammadiyah schools, the enterpreneurs possessions, and large number of its members. This thesis researches the influence of Ijtihad (reasoning) and Tajdid (modernization) to the growth of The House for Charity of Muhammadiyah (AUM).
BANK ISLAM SEBUAH ALTERNATIF TERHADAP SISTEM BUNGA Suyoto Arief
Islamic Economics Journal Vol. 2 No. 1 (2013)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (406.572 KB) | DOI: 10.21111/iej.v2i1.168

Abstract

This paper discusses the development of Islamic banking into an alternatives to interest-based financial institutions. In many European countries, uforia about Islamic banking already familiar. even become its own trend for the population of Europe. In economics and finance, Islamic banks generate enough decent profit. The choice to take advantage Islamic banks in the current modern economy more open to the people. However keep in mind that Islamic banks still continue to be investigated although it has been considered as an alternative. The continuity will be highly dependent on management professionalism, and support the feasibility of their business full of government and Muslims. Bank Islam has ideological advantages that allow it to offering a solution to the problem-an issue faced by Muslims and all mankind. For that we need the political will separately apply its teachings at once his willingness to carry out its renewal.
ANALYSIS OF FINANCIAL STATEMENT BY CAEL AND MANAGEMENT FACTORS METHOD (Case Study at La Tansa BMT Gontor on Period October-December 2012) Syahruddin Syahruddin; Muhammad Qoshid al hadi
Islamic Economics Journal Vol. 2 No. 2 (2014)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (484.542 KB) | DOI: 10.21111/iej.v2i2.169

Abstract

The collapse of several banks at crisis 1997-1998 makes them closed. But those conditions didn’t occur to Islamic banks because Islamic principles had proven to be able to face the recess. Meanwhile, the established banks are not capable yet to reach SMEs. This opportunity encourages the establishment of non-bank Islamic financial institution, such as BaitulMaalwaTamwil (BMT). As the preventive action of crisis 1997-1998, Bank of Indonesia ruled the regulation of the measurement of financial institution health level, as for BMT. This paper aims for analyzing financial report by using CAEL and management factors in measuring financial health level. Based on the good ratio, then as a whole the measurement of health level of BMT La TansaGontor on October – December 2012 is very health from the performance side and management side.