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Ikonomika : Jurnal Ekonomi dan Bisnis Islam
ISSN : 25273434     EISSN : 25275143     DOI : -
Core Subject : Economy,
IKONOMIKA: focused on primary studies: Islamic management, Islamic finance, Islamic Accounting, Islamic banks, and halal markets, has initiated the development of global economic advantages. Islamic based economics could not be seen as independent variable standing on side-by-side with conventional economic system. Ikonomika Journal of Islamic Economics and Business is dedicated to provide an intellectual space of scholarly discussion how the Islamic economics able to create the new global formation of Islamic economics, business and similar issues.
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Articles 8 Documents
Search results for , issue "Vol 7, No 1 (2022)" : 8 Documents clear
Implementation of Modern Monetary Theory Through Printing Money as an Economic Stimulus Solution Islamic Perspective Nurfaedah, Nurfaedah; Mustikasari, Molly; Abdullah, Muhammad Bin
IKONOMIKA Vol 7, No 1 (2022)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/febi.v7i1.11517

Abstract

The current Covid-19 pandemic has caused the global economy to stagnate. A significant decline in the rate of economic growth was experienced by almost every country, including Indonesia. Printing money is one solution, but an in-depth study needs to be done considering that there are differences in success when implemented, one of which is in European countries, Indonesia and Zimbabwe. For this reason, the purpose of this paper is to conduct an in-depth study of the correct understanding, mechanism, and application of printing money that can stimulate economic growth from an Islamic perspective. This research approach uses literature study, in collecting data by understanding and studying theories from various literature related to this research. The results of the study indicate that- to solve the problem of the economic crisis, can be overcome by using a printing money policy. This policy has been successfully implemented in developed countries such as America, China, and several European countries so that they can get out of the crisis. The reason for its success is by taking into account the following points: first, the understanding of the modern MMT theory and the traditional MMT theory that both theories agree on the MMT derivative product namely printing money, only that modern MMT accompanies the project-based policy. Second, using the right mechanism where money is used according to its function in the Islamic perspective as a medium of exchange and standard prices where the application of printing money is project-based and is not used to cover consumptive government spending so that the amount of money in circulation depends on the number of goods and services. In production, this condition does not cause inflation. Third, the implementation of printing money is channeled to productive government needs. Automatically the circulation of money in circulation according to the number of goods and services produced.  
The Influence of NPF, CAR, and FDR on Financing Murabahah-Based with Third Party Fund as Moderator in Sharia Commercial Banks 2015 – 2022 Setiawan, Deny; Febriansyah, Muhammad; Ardian, Ardian
IKONOMIKA Vol 7, No 1 (2022)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/febi.v7i1.12224

Abstract

This study aims to analyse the influence of Non-Performing Financing (NPF), Capital Adequacy Ratio (CAR), and Financing Deposit Ratio (FDR) on Financing Murabahah-Based with Third-Party Fund as a Moderator 2015 – 2022. This study uses three variables that encompass independent variable, dependent variable, and moderation variable. Independent variables consist of Non-Performing Financing (NPF), Capital Adequacy Ratio (CAR), and Financing Deposit Ratio (FDR), dependent variable consists of Financing Murabahah-Based, and moderation variable consists of Third-Party Fund that will subsequently be analysed with Moderated Regression Analysis (MRA) by comparing the R-square Value before and after the tally include and exclude the moderation variable in the statistical measurement. The data used in this study were monthly data from January 2015 until January 2022. The research method that was used in this study was descriptive quantitative analyse by using linear regression analysis through path analysis which was processed by using E-Views 10. The results of this study show that Non-Performing Financing (NPF) and Financing Deposit Ratio (FDR) influence negatively and significantly Financing Murabahah-Based, Capital Adequacy Ratio (CAR) influences positively and significantly on Financing Murabahah-Based, and Third-Party Fund moderates the relationship between Non-Performing Financing (NPF) and Financing Murabahah-Based, Capital Adequacy Ratio (CAR) and Financing Murabahah-Based, and Financing Deposit Ratio (FDR) and Financing Murabahah-Based.
Effectiveness of Monetary Policy Transmission Through Sharia and Conventional Instruments in Influencing Inflation in Indonesia Ishak, Ishak; Aqidah, Nur Ariani; Rusydi, Mikdar
IKONOMIKA Vol 7, No 1 (2022)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/febi.v7i1.13084

Abstract

This study investigates the influence of the transmission of monetary policies through the Sharia and Conventional monetary policy instruments on Indonesian inflation using data analysis techniques such as the Vector Error Correction Model (VECM). The data of this study was obtained from financial statements of the Annual Report of Indonesian Economic and Financial Statistics (2016 to 2020), Consumer Price Index (CPI) data taken from the Central Bureau of Statistics (BPS; 2016 to 2020), from Banking Statistics Annual Reports (2016 to 2020), and from the Islamic Banking Statistics Annual Reports (2016 to 2020). The test results on the sharia instrument indicators show a negative reaction of the Consumer Price Index to shocks in FINC and SBIS, but a positive reaction to shocks in third-party funds and Islamic interbank money market. According to the test results on the conventional instrument indicators, the Consumer Price Index responds negatively to shock in LOAN, DPK, and SBI, and positively to shocks in PUAB.
Analyzing The Impact of Productive Zakat Utilization on The Mustahiq Economic Independence in Malaysia and Indonesia Rifuddin, Burhan; Rismayanti, Rismayanti; Mas, Nur Amal; Kartika, Betania
IKONOMIKA Vol 7, No 1 (2022)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/febi.v7i1.13501

Abstract

This study aims to determine the institutional system of zakat management, the distribution mechanism of productive zakat, the influence of the utilization of productive zakat, and the impact of productive zakat empowerment on mustahiq economic independence in Malaysia and Indonesia. This research is a qualitative and quantitative research (mixed-method). The instrument of data collection was observation, literature study interviews and questionnaires which were tested with validity and reliability tests. Multiple regressions and descriptive analysis were employed as analytical tools. The focus of this study is on the development of business capital and human resources. The findings reveal that the current zakat institutional system in Malaysia and Indonesia may be compared on a number of levels, including legal basis, management institutions, management efforts, collection and distribution, and the nature and aspects of consequences. Economic independence of the mustahiq can be influenced in a variety of ways. Firstly, productive zakat has a 49.9% effect in Malaysia and 45.7 percent in Indonesia. Next, the provision of venture capital has a partially negative and inconsequential effect in Malaysia, with a -12.8 percent effect. Meanwhile, in Indonesia, business capital has a 50.0 percent positive and substantial influence. Human resource development has also had a good and considerable impact in Malaysia (76.5%) and Indonesia (31.6%). Finally, the impact of productive zakat usage in general has a considerable impact, as evidenced by interviews with informants who stated that productive zakat had an impact on mustahiq economy independence, as measured by the ratio of mustahiq to muzakki, which is about 50:50.
The Magnitude of Market Power between SCBs and SBUs: the Root Cause of Stagnancy of the Growth in Islamic Banking Industry and Spin-off Policy as its Solution Rayyani, Wa Ode; Abbas, Ahmad; Ayaz, Mohammad; Idrawahyuni, Idrawahyuni; Wahjono, Sentot Imam
IKONOMIKA Vol 7, No 1 (2022)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/febi.v7i1.13561

Abstract

This research aims to explore the magnitude of market power’s effect on the two types of Islamic banks consisting of Sharia Commercial Banks (SCBs) and Sharia Business Units (SBUs) and analyze the spin-off policy. Time-series data, obtained from the banks’ monthly financial statements, were used, and  the Lerner index under the level of price and cost was utilized. Independent samples t-test and correlation test were employed as additional tests to analyze data.  The starting point of the finding discloses that the mean difference of market power on two types of Islamic banking is significant. It indicates that the type of Islamic banks in Indonesia creates a disparity in the market power between SCBs and SBUs where SCBs show low power, otherwise SBUs is in high power value. A high-power magnitude gained by SBUs continues to be absorbed by the conventional bank as its parents. This process leads the growth of conventional banks to increase greater in the banking industry, while the growth of Islamic banks is stagnant. The additional finding discloses that when the SBU undertakes the spin-off, Islamic banking in Indonesia tends to capture a greater power in the national banking industry.
The Role of The Waqf Bank for Students (Case Study of the Amal Jariyah Waqf Bank and the STF of UIN Syahid Jakarta) Syahputra, Angga; Khairina, Khalish; Jailani, Munawar Rizki
IKONOMIKA Vol 7, No 1 (2022)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/febi.v7i1.13610

Abstract

Students have various funding problems before and after the Covid-19 pandemic. 2018 data from the Ministry of Education shows that there are 8,043,480 students in Indonesia. In the same year, there were 3% of students who dropped out of college due to various reasons, including the economy. The government itself has made various efforts to overcome this problem. However, in practice, many students do not feel the assistance provided by the government. For this reason, the campus certainly must not let go and must provide solutions for students to stay in college. This research will look at the right waqf bank model as one of the solutions that can be done by the campus. The researcher uses descriptive qualitative research using secondary data in examining the Amal Jariyah Student Waqf Bank and STF UIN Syahid Jakarta as a waqf bank model that can be developed by each campus. The results of this study indicate that the Amal Jariyah Student Waqf Bank and STF UIN Syahid Jakarta are the right models for other campuses to establish waqf banks. These two waqf bank models have proven to be successful in providing great contributions not only to students but also to the wider community. 
The Effect of Internal Marketing of Islamic Banks in Palembang City on The Quality of Customer Service With Job Satisfaction as a Mediator Setyadi, Bakti; Helmi, Sulaiman; Mohamad, Syed Ismail Syed
IKONOMIKA Vol 7, No 1 (2022)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/febi.v7i1.13703

Abstract

This study aims to see how the role of job satisfaction as a mediator on the influence of internal marketing on the quality of customer service at Islamic Banks in Palembang City. This study uses a quantitative approach to conduct a descriptive survey. A cross-sectional survey is used in this study. The research sample consisted of 135 respondents, 45 staff, and 90 customers from 9 Islamic Banks in Palembang City surveyed using a structured questionnaire. Data were analyzed using Partial Least Square Structural Equation Modeling (SEM-PLS). The study's findings indicate that internal marketing significantly impacts the quality of services provided to Islamic bank customers.Furthermore, job satisfaction appears to be an essential mediating role in improving the quality of service provided to customers of Islamic Bank. The study's uniqueness is that the developed model met the criteria for the suitability of various approaches, implying that using internal marketing to train employees can improve customer service quality. Islamic banks will be more widely accepted in the community if they use internal marketing strategies and job satisfaction as a mediator in improving service quality. 
Impact of Corporate Social Responsibility Funds From PT. Telkom Indonesia on MSMEs Development in Padang City: an Islamic Economic Perspective Wira, Ahmad; Desya, Finasmi; Lubis, M Zaky Mubarak; Subagio, Mukhamad Hadi Musolin; Augusna, Wahyuni Lely
IKONOMIKA Vol 7, No 1 (2022)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/febi.v7i1.13802

Abstract

Micro, small, and medium enterprises (MSMEs) often borrow additional funds from third parties to develop their business, for example, corporate social responsibility (CSR) funds from state-owned companies such as PT. Telkom Indonesia (hereafter referred to as Telkom). This quantitative study aimed to ascertain the impact of CSR funds from Telkom on the development of MSMEs, especially those in the trade sector, in Padang City from an Islamic economic perspective. The data used in this study are primary data obtained through questionnaires filled by 52 MSMEs in the trade sector in Padang City, and secondary data, obtained from official documents from the Central Statistics Agency. Sampling and determination of the number of samples were achieved using a random sampling technique. The data analysis technique in this study used descriptive statistical analysis and inferential statistics through an analytical tool, namely, the Wilcoxon test. The results revealed a positive and significant impact on the CSR program of Telkom in developing MSMEs in the trade sector in Padang City from the perspective of Islamic economics. This positive and significant impact is evident in the changes in the income of MSMEs in the trade sector in Padang City, which increased by around 1–3 million rupiah after receiving CSR funds from Telkom since 2016. From the perspective of Islamic economics, the implementers of Telkom’s CSR fund program in the MSME trade sector in Padang City have adopted the basic principles of Islamic economic development, namely, the principles of responsibility and justice.

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