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 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.
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.
'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
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
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.
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.
Control Strategy in the Fight Again Internal Fraud (PT BPRS Kotabumi KC Bandar Lampung) Hotman Hotman; Anggoro Sugeng; Ananto Triwibowo; Agus Alimuddin
Islamic Economics Journal Vol. 9 No. 1 (2023)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (715.194 KB) | DOI: 10.21111/iej.v9i1.9569

Abstract

Islamic banks that carry out their duties and functions as financial management institutions have the responsibility to maintain public trust by protecting and protecting customer money from all forms of irregularities. Moreover, irregularities are committed by people who work in Islamic banks themselves or what is known as internal fraud. PT BPRS Kotabumi, Bandar Lampung branch office, is one of the Islamic banks committed to fighting fraud. The form of the effort is to prevent it through internal control instruments. The purpose of this study is to determine the internal control at PT BPRS Kotabumi Bandar Lampung Branch Office as a strategy to prevent internal fraud. This research is a qualitative descriptive field research. Researchers use interview methods and documentation to collect the required data. The research data obtained are then analyzed by using inductive analysis techniques, namely analysis that begins with specific facts or events to draw conclusions. Based on the results of research that researchers have conducted, it can be concluded that internal control can be an instrument to prevent internal fraud. Internal control at BPRS Kotabumi Bandar Lampung branch includes four control components. The four components of control are the control environment, control activities, information and communication, and monitoring. 
Analisis Meta: Determinan Minat Muzakki Membayar Zakat ke Organisasi Pengelola Zakat Windi Wulandari Fitriani; Noven Suprayogi
Islamic Economics Journal Vol. 9 No. 1 (2023)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/iej.v9i1.8771

Abstract

This study aims to determine the factors that influence the interest of muzakki to pay zakat in the Indonesian Zakat Management Organization (Organisasi Pengelola Zakat (OPZ)). This study uses a meta-analysis research method. In this study, the dependent variable is interest in paying zakat in OPZ, and the independent variables are income, religiosity, knowledge of zakat, transparency, service quality, and trust in muzakki. This study will re-test the independent variables robustly to prove whether there is an effect of the independent variable on the dependent variable. The population in this study took research journal articles published in Google Scholar. The samples in this study are journal articles indexed by SINTA 1 to 6. This study accumulates and integrates existing studies using the meta-analysis technique developed by Hunter et al. (1982) on 22 sample articles. The results of testing the variables of income, religiosity, knowledge of zakat, transparency, and trust in muzakki prove that there is a significant consistency of test results on the variable of muzakki's interest in paying zakat. While the calculation of the service quality variable states that it has no significant effect on the dependent variable.