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
Tax Exemption Goods Trade On ASEAN Free Trade Area (AFTA) According To Islamic Economics Rahmania Nurul Fitri Amijaya; Andi Triyawan
Islamic Economics Journal Vol 4, No 1 (2018)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (442.991 KB) | DOI: 10.21111/iej.v4i1.2898

Abstract

The Aim of this research is to determine the mechanism of tax exemption goods trade on ASEAN Free Trade Area (AFTA). This research also aims to determine the tax exemption goods trade on ASEAN Free Trade Area (AFTA) according to Islamic Economics. The type of research is qualitative research with critical study which is used the books, journals, and magazines of her writing. The research is giving the critical to the tax exemption goods trade according to Islamic economics which guided on Holy Qur'an, Prophetic Tradition, and some Moslem scholars. The mechanism from tax exemption goods trade on ASEAN Free Trade Area (AFTA) used Common Effective Preferential Tariff (CEPT) scheme with some programs as follows by inclusion list (IL), temporary exclusion list (TEL), sensitive list (SL), general exception (GE). Whereas, tax exemption goods trade on ASEAN Free Trade Area (AFTA) according to Islamic Economics is something rejected with the principles of Islamic Economics. In addition, Islamic Econmics applied ‘ushr on trading between countries and there are some requirement for every country pay ‘ushr depend on the prevail regulation.
Pengembangan Model Low Cost Islamic Peer To Peer Financing Berbasis Financial Technology Untuk Akselerasi Kinerja UMKM Satria Utama; Inayatul Ilahiyah
Islamic Economics Journal Vol 4, No 2 (2018)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (827.425 KB) | DOI: 10.21111/iej.v4i2.2966

Abstract

Along with the development of technology, financial intermediary institutions in Indonesia also grew with the presence of technology-based financial services provider companies such as peer to peer lending company. The presence of peer to peer lending companies into an opportunity for empowerment of unbankable MSMEs that require funding. This paper examines how the business financing model aplicated by several peer to peer lending companies in Indonesia, as well as make the concept of Islamic peer to peer financing as an alternative for empowering MSMEs through business capital. This research was a qualitative research using library and field research method. The data used in the study are primary and secondary data from various literature relevant to the research discussion and. Data analysis in this research is supported by logic model theory which consist of 6 components that are situation, input, activities, output, outcomes and external factors. The results of the research showed that (1) peer to peer lending model that has been applied in Indonesia has provided access to finance effectively and efficiently, but there are still using risk fund transfer scheme and fixed cost system that will hamper the acceleration of MSMEs. (2) The concept of Islamic Peer to Peer Financing based on profit and loss sharing investment model can be one of the empowerment alternatives that use investment cooperation scheme with no risk fund transfer and fixed cost for MSMEs, so it will maximize the acceleration of MSMEs.
Efektifitas Distribusi Dana Zakat Produktif dan Kekuatan Serta Kelemahannya Pada BAZNAS Magelang Mufti Afif; Sapta Oktiadi
Islamic Economics Journal Vol 4, No 2 (2018)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (610.655 KB) | DOI: 10.21111/iej.v4i2.2962

Abstract

Zakat is one of the pillars of Islam that is obligatory for Muslims and distributed to other Muslims who need it. Zakat has short and long term goals. Short-term goals are channeled to consumptive needs, namely basic household, educational and health needs. While the long-term goal, the distribution of zakat is carried out in forms of capital that can be used for economic improvement and improvement. BAZNAS Magelang has a vision and mission in distributing zakat funds to the productive zakat program. The vision and mission of BAZNAS Magelang in its distribution is to be able to change the mustahik class into muzakki. This study aims to determine the optimality of productive zakat by BAZNAS Magelang, as well as it’s strengths and weaknesses. The type of this research is descriptive qualitative, and data produced (observation), interviews (interviews) and documentation (documentaries). And to test the validity of the data in the field, researchers used triangulation techniques. The results of field studies show that the average productive zakat by BAZNAS Magelang on average has not been able to spend a large portion of their wealth to commit tithe. BAZNAS Magelang is distributed only by providing assistance to meet daily needs. BAZNAS Magelang has not exercised control, guidance, and guidance for mustahik who have received productive zakat assistance, but BAZNAS Magelang has not been able to issue assistance in the distribution of it's productive zakat assets."
An Empirical Study On The Influence Of Islamic Values On Money Demand (Case Study: University of Darussalam, Gontor and Mantingan Campus) Muhammad Fahmi Jauharuddin Rimas Sude; Khoirul Umam
Islamic Economics Journal Vol 4, No 2 (2018)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (683.115 KB) | DOI: 10.21111/iej.v4i2.2967

Abstract

Chapra thought about money demand contains Islamic Values. The research on Chapra’s money demand has been done by some researchers such as Ebrinda and Sri Wahyuni, both researchers are in macro level, and the results of Ebrinda’s research is that social values have not significant effect on Islamic money demand in Indonesia and limit her research on social values, while the results of Sri Wahyuni’s research is that social values have not significant effect on money demand in the short term and significant effect in the long term. From here the researcher try to examine the effect of Islamic values on money demand in micro level at University of Darussalam Gontor, in addition to the pesantren system also has high Islamic values. The purpose of this study is to determine the effect of Islamic values on money demand from micro perspective. This research is quantitative research. In data collection, the researcher uses a questionnaire method. The data is analyzed by multiple linear regression method. The method is used to predict the value of a dependent variable based on the values of two or more variables. The results of research is that Islamic values have not significant effect on money demand. It’s proven by significance level which is still more than 0.05. The significance level of needs is 0.4, social values is 0.7, wasteful spending is 0.3 and savings is 0.3. While the variables that have significant effect are income with significance level 0.00, investment 0.00, and presupposition investment 0.04.
Maximizing Utility And Distributing Income Equitably: How does Zakah Impact Both of Them at Once? Ade Nur Rohim
Islamic Economics Journal Vol 4, No 2 (2018)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (519.594 KB) | DOI: 10.21111/iej.v4i2.2963

Abstract

This paper is a theoretical article that examines how zakah is able to fulfill and increase the satisfaction of a Muslim consumer, even if it reduces the quantity of goods consumed. In addition, this article will also clarify the role and function of zakah in dealing with the problem of economic inequality. Economic inequality is characterized by uneven distribution of income and wealth and only revolves around a handful of people. This made the gap between rich and poor deepening. One of the factors causing the gap is the behavior of consumers who tend to pursue pure utility. So that it fosters greed in itself and increases negative behaviors such as hoarding property, and makes wealth not circulated in the community evenly. This study also identifies the impact of zakat on public consumption behavior which also has direct implications for income distribution. The results of the study show that utility in Islamic economics is a combination of two utilities. Worldly utilities that represent real satisfaction directly felt such as feeling full, happiness in the world, fulfilled their life needs. Also the ukhrawi utility is represented by an increase in faith and piety, and a reward that is expected to be obtained in the hereafter. Where zakah is able to increase the two types of utilities. This concept encourages rich Muslim communities to distribute their income through zakat instruments to the poor. So that the redistribution of income fairly can be realized through zakah, and in the end is able to realize equitable welfare in the community.
Peran Perangkat Desa Dalam Meningkatkan Kesejahteraan Masyarakat Muslim di Bidang Pertanian (Studi Kasus: Desa Gontor Kecamatan Mlarak Kabupaten Ponorogo Tahun 2017-2018) Aqidah Halimatus Sa'adah; Arie Rachmad Soenjoto
Islamic Economics Journal Vol 4, No 1 (2018)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (436.595 KB) | DOI: 10.21111/iej.v4i1.2900

Abstract

The village is the forerunner to the formation of communities in Indonesia. One of the interesting phenomena on the life of the village are agricultural problems in the improvement of the welfare of the community. In addressing the issue of advancing, society will not be detached from the role of the village and the whole community of the village of Gontor. Because if the device partnership village with its community development eff orts in both the village and the improvement of the welfare of society, then the performance of the device can be said both villages. This research aims to know the role of Councilor in improving the welfare of the community in the fi eld of agriculture and to know the impact of the role of Councilor in improving the welfare of the community in the field of agriculture Gontor Subdistrict Mlarak Ponorogo years 2017-2018. By using descriptive qualitative approach, the results obtained from this research that States that the role of Councilor Gontor in improving the welfare of the community in the fi eld of agriculture which are giving examples of processing fi elds and doing agricultural extension as well as a Village-owned enterprises hard-wired from the Government for the prosperity of the village community. The impact of these roles is a society increasingly understand how to maximize agricultural output.
Efektifitas Pembiayaan Qarḍul Ḥasan Bagi Perkembangan Usaha Mikro Pada Baitul Maal Al-Amin, Kedungkandang, Kota Malang Alficha Roby Vabella; Rahmad Hakim; Fien Zulkarijah
Islamic Economics Journal Vol 4, No 2 (2018)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (517.958 KB) | DOI: 10.21111/iej.v4i2.2968

Abstract

This study aims to analyze two things: first, the effectiveness of qarḍul ḥasan financing in Baitul Maal Al-Amin at Kedungkandang for Micro, Small and Medium Business Development (known as UMKM). Second, to know the impact of qardhul hasan financing for micro business development at Kedungkandang. This research using case study approach with the method of data collection is an interview, observation and documentation. While data analysis is qualitative data analysis technique using Miles and Huberman’s model. The results of this study indicate that qarḍul ḥasan financing in Baitul Maal Al-Amin at Kedungkandang is quite effective with the fulfillment of measurement of several indicators such as usability, accuracy and objectivity, scope, accountability, cost effectiveness, and timeliness. In addition, qarḍul ḥasan financing in Baitul Maal Al-Amin has a significant impact for micro business development at Kedungkandang with the growth of sales turnover which is seen from the income and the growth of custome, even though the growth of local labor and the expansion of the place are has low significant impact.
Strategi Kebijakan Pembangunan Ekonomi Dalam Perspektif Islam (Studi Kritis Terhadap Pemikiran Ekonomi Neo Klasik) Arie Rachmat Soenjoto
Islamic Economics Journal Vol 4, No 1 (2018)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (473.415 KB) | DOI: 10.21111/iej.v4i1.2896

Abstract

Liberalization and deregulation which are at the core of Neo-Classical economic policy have led developing countries to the brink of poverty. Although economic growth has increased but the problem of equity and fulfillment of basic needs cannot be overcome, this can be seen in Indonesia as one of the users of Neo-Classical policies. According to data from the statistics center in March 2017 the number of poor people reached 27.77 million people. Maluku and Papua have been named as the regions with the highest percentage of poor people, namely 24.14% of the total population of Indonesia. This figure is the highest percentage of poverty in Indonesia. Even though Papua is an Indonesian gold barn. In 2011, Indonesia’s Gini ratio reached 0.41, meaning that the level of inequality in Indonesia is quite high. This indicates the failure of Neo-Classical policies in building the economy. This research was conducted to fi nd out how Neo-Classical economic policies and Islamic economics in economic development, as well as to fi nd out the views of Islam on Neo-Classical economic policies in economic development. Research research library is a study of criticism using books as a source of research, and using descriptive-analytical methods that provide an overview of Neo-Classical policies with an analysis of Islamic perspectives. Primary data of Adam Smith’s thinking from the literature of books, journals, papers, magazines and articles. Secondary data from the thoughts of Islamic economists from the literature of books, journals, papers and articles. The results of the analysis of this study can be seen that Islam has elements of interconnected strategies that can achieve economic development goals, namely the mechanism of moral fi ltering, correct motivation, socio-economic restructuring, fi nance, and the role of the State. Five policy actions include human resource development, wealth equity, economic restructuring, fi nancial restructuring, and strategic policy planning. In the Islamic perspective, liberalization is recognized but has social responsibility, while deregulation means anti-government. In Islam the government must be responsible for fulfilling 5 sharia objectives. In implementing development policies and strategies, the government is expected to be able to instill Islamic values in every economic activity by creating a healthy socio-economic without disturbing individual rights and motivating the community with this maqashid sharia will be achieved.
Akad Wakalah Bil Ujrah PT. Takaful Keluarga RO Tanwir Nusantara (Gedong Kuning) Yogyakarta Ditinjau Dari Maqasid Syari’ah Imam Syatibi Fadhila Sukur Indra; Miftahul Huda
Islamic Economics Journal Vol 4, No 1 (2018)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (489.004 KB) | DOI: 10.21111/iej.v4i1.2901

Abstract

Insurance as one of the financial institutions engaged in the field of coverage is a modern institution of the findings of the western world that coincided with the spirit of enlightenment (renaissannce). Sharia Asuransi has two contracts tabarru‘ and tijārah contract. Derivatives contained in the tijārah contract is wakālah bil ujrah contract which is one of the transactions in sharia insurance. Islam considers that every transaction or economic activity that occurs must have maṣlaḥah element in it. Imam Syatibi is one of the classical scholars who discuss about the maṣlaḥah with maqāṣid syari’ah. The results of this research will show us the level of syari’ah of the system of the wakālah bil ujrah applied by PT. Takaful Family RO Tanwir Nusantara (Gedongkuning) Yogyakarta with maqāṣid syari’ah Imam Syatibi as the indicator.
Determinan Inflasi: Pendekatan Al-Maqrizi dan Perspektif Manajemen Syariah Salman Al Parisi
Islamic Economics Journal Vol 4, No 2 (2018)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (681.884 KB) | DOI: 10.21111/iej.v4i2.2965

Abstract

Inflation is one of problem in economy. Data BPS from January 2010 until December 2017, explained that average inflation in Indonesia showed a high trend at 5.24 percent. This paper uses Multiple Linear Regression Model. This paper tried to analyze the influence of human error inflation (corruption, money supply and the excess of tax rate) on inflation in Indonesia. The result showed that LNMoney Supply has significant positive effect on inflation rate at alpha 5%, ceteris paribus. Control of corruption has signifikan negative effect on inflation rate at alpha 1%, ceteris paribus. Then, LNtax has significant positive effect on inflation rate at alpha 1%, ceteris paribus. Therefore Islam and Al-Maqrizi prohibit the corruption practices and the use of interest rates as an instrument of government policy.

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