{"title":"Sharia Bank Management’s Problems","authors":"Widyarini Widyarini, Syamsul Hadi","doi":"10.20885/jielariba.vol7.iss1.art3","DOIUrl":"https://doi.org/10.20885/jielariba.vol7.iss1.art3","url":null,"abstract":"This paper aims to qualitatively examine the reasons for the insecurity of sharia bank implementation. The study uses descriptive methods of analytics using databases published by Sharia Banks on their web sites. This study concludes that the definition of an akad in Law no. 21/2008 does not conform to the definition of MUI’s fatwa, the use of Wadiah and Mudharabah agreements for funding are potentially dholim. Murabahah financing products are potentially haram, Musyarakah application is not appropriate, Ijarah has the potential to violate fiqh; Ijarah Muntahiyya Bi Al Tamlik provides uncertainness for customers. This paper suggests regulators to change the definition of an akad in Law no. 21/2008, Sharia Bank does not use akad wadiah in funding activities, makes adjustments to mudharabah's share of profit, improves murabahah procedures and pricing, and MUI amends Fatwa no. 27/2002. ","PeriodicalId":134690,"journal":{"name":"Journal of Islamic Economics Lariba","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121239175","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Revitalization of Fiqh Al-Bi'ah in the Implementation of Green Banking for Islamic Bank","authors":"Mohammad Farid Fad","doi":"10.20885/jielariba.vol7.iss1.art2","DOIUrl":"https://doi.org/10.20885/jielariba.vol7.iss1.art2","url":null,"abstract":"The banking industry can play a role in a balanced manner between economic growth and environmental protection. This kind of banking is called green banking, a banking system that operates its business based on the principles of sustainable development to carry out environmentally friendly practices and reduce the carbon footprint of banking operations. This study aims to understand the philosophy of green banking and its implementation in an effort to revitalize the values of fiqh al-bi'ah. The type of method used in this research is a qualitative method. Meanwhile, in the analysis, researchers used descriptive-analytical methods to systematically analyze and analyze facts that are accurate and accurate. This study found that in green banking practice there is harmony with the principles of environmental fiqh, namely in the management of environmental preservation obligations. With carbon emission policies and financing of environmentally friendly projects, green banking can play a dual role, namely supporting national development and economic growth against mafsadat by protecting the environment from arbitrary exploration and exploitation activities.","PeriodicalId":134690,"journal":{"name":"Journal of Islamic Economics Lariba","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114249598","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Creative Industry Development as a Local Economic Development Effort","authors":"Hasnidar Yuslin","doi":"10.20885/jielariba.vol7.iss1.art6","DOIUrl":"https://doi.org/10.20885/jielariba.vol7.iss1.art6","url":null,"abstract":"The creative industry sector is quite mushrooming in Indonesia, one of which is in South Sulawesi Province right in Bone Regency, Awangpone District, Compong'e Village. This study aims to describe how the development of the creative industry as an effort to develop the local economy in DD songko' Recca. This research is descriptive qualitative with data collection techniques using observation and interviews. The findings show that the development of this creative industry can increase local economic development. The implications found it is hoped that the community, especially songko' recca craftsmen, in addition to this industry being used as local economic development, it is also hoped that in the manufacture of songko' recca still pay attention to the aesthetic values that have become the hallmark of this craft, and for the local government good communication is needed. as well as more attention by providing facilities and infrastructure in making songko' recca so that it can run effectively and efficiently. In addition, a work program in the relevant agencies is needed for the development of the creative industry, especially the manufacture of songko' recca. Keywords: creative industry, local economic development","PeriodicalId":134690,"journal":{"name":"Journal of Islamic Economics Lariba","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122158691","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Kurnia Agustina, H. Noviarita, Erike Anggraini, S. Surono
{"title":"Sukuk Rating and Financial Ratio of Islamic Banks","authors":"Kurnia Agustina, H. Noviarita, Erike Anggraini, S. Surono","doi":"10.20885/jielariba.vol7.iss1.art1","DOIUrl":"https://doi.org/10.20885/jielariba.vol7.iss1.art1","url":null,"abstract":"The risk of default if the rating shows a decreasing result over several years of maturity measurement that can apply in banking institutions requires banking institutions to maintain or even increase the rating of sukuk issued. The purpose of this study is to discuss the effect of profitability ratios, liquidity ratios, leverage, and productivity ratios on the rankings of sukuk in Islamic banking institutions issuing sukuk. By using purposive sampling from 14 Islamic banks, 6 Islamic banking institutions were obtained as research samples in the 2015-2019 period, which were analyzed using multiple linear regression showing that only the productivity variable had a significant and positive influence on the rankings of sukuk in Islamic banking institutions, although with positive coefficient, profitability does not have a significant effect on the sukuk rating. Meanwhile, the liquidity and leverage variables did not have a significant effect and formed a negative relationship pattern on the sukuk rating in the Indonesian Islamic banking institutions issuing the sukuk. This concludes that only the productivity ratio can increase the rating of sukuk issued by banking institutions, while other ratios such as profitability do not have a significant effect and the financial ratios of liquidity and leverage will decrease the rating of the sukuk. So, this research suggests that in maximizing the rating of sukuk, the proxies for banking productivity should be increased.","PeriodicalId":134690,"journal":{"name":"Journal of Islamic Economics Lariba","volume":"235 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124590808","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Strategies to Increase Financial Inclusion through Financial Technology","authors":"B. Basrowi","doi":"10.20885/JIELARIBA.VOL5.ISS1.ART5","DOIUrl":"https://doi.org/10.20885/JIELARIBA.VOL5.ISS1.ART5","url":null,"abstract":"The purpose of this study is to describe the strategy of increasing public financial inclusion through the use of fin-tech finance. The method used is descriptive qualitative. Data is obtained from secondary data sourced from the official website of Indonesian banks, financial service authorities, and the finance ministry from 2015-2018. Data were analyzed using theme analysis of an overview of the development of fin-tech in Indonesia over the past four years, and the benefits of fin-tech in improving financial inclusion in Indonesia. The results of data analysis show that, first, the development of fin-tech in Indonesia has exceeded the needs of fin-tech itself. Secondly, the development of fin-tech has been able to increase the financial inclusion of the community even though it is only very small at 0.8%.","PeriodicalId":134690,"journal":{"name":"Journal of Islamic Economics Lariba","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132356402","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ari Kristin Prasetyoningrum, Muhammad Irhas Darojat
{"title":"Contribution of KH. MA. Sahal Mahfudh to Community Economic Empowerment","authors":"Ari Kristin Prasetyoningrum, Muhammad Irhas Darojat","doi":"10.20885/JIELARIBA.VOL5.ISS1.ART2","DOIUrl":"https://doi.org/10.20885/JIELARIBA.VOL5.ISS1.ART2","url":null,"abstract":"This article aims to analyze the contribution of KH. MA. Sahal Mahfudh in empowering the economy of the community which is motivated by conditions of unresolved poverty. This article is a library research using a sociological-historical approach. Data collection methods in this study using documentation and interviews. The analysis of this research uses qualitative analysis. The results of this study indicate that the contribution of KH. MA. Sahal Mahfudh in community economic empowerment can be a solution to poverty problems. The Islamic boarding school led by Kiai Sahal has become the driving force for the economic empowerment program for the surrounding community by developing various business units. The business units established by Kiai Sahal include: BPR Artha Huda with conventional systems, BPR Artha Mas Abadi using the sharia system, printing businesses (Masda Grafika and Masda Digital Printing), Rambutan Gardens, and Walet Enterprises.","PeriodicalId":134690,"journal":{"name":"Journal of Islamic Economics Lariba","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121970600","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Growth, Competition, and Efficiency towards Net-Profit-and-Loss Sharing Margin: Study of Indonesian Islamic Microfinance Institutions","authors":"B. Pratama, M. Innayah","doi":"10.20885/JIELARIBA.VOL5.ISS1.ART4","DOIUrl":"https://doi.org/10.20885/JIELARIBA.VOL5.ISS1.ART4","url":null,"abstract":"For past years, many critics has been faced on Microfinance institutions (MFIs) facing because of their tendency of taking high margin. Therefore, it is important to understand the factors that affect margin in microfinance industry. This study examines the effect of MFIs growth, competition, and efficiency on the margin. The data collected from Otoritas Jasa Keuangan (OJK) database from 2011-2016 and conducted on Indonesian Islamic MFIs. The final sample used in this study consists of a total of 2160 observations. This study uses panel data regression model analysis to analyze the obtained data. The results obtained from this study showed that Net-profit-and-loss sharing margins (NPLS) are able to be explained by MFIs growth and efficiency but not with HHI, which is the proxy of the degree of competition.","PeriodicalId":134690,"journal":{"name":"Journal of Islamic Economics Lariba","volume":"81 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121901143","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Comparative Analysis of Islamic and Conventional Banks Performance Using Sharia Maqasid Index and CAMEL","authors":"Gista Rismayani, Ulfa Luthfia Nanda","doi":"10.20885/JIELARIBA.VOL5.ISS1.ART3","DOIUrl":"https://doi.org/10.20885/JIELARIBA.VOL5.ISS1.ART3","url":null,"abstract":"This research was conducted by analyzing the performance of Islamic banking and conventional banking using the sharia maqasid index approach and the CAMEL approach and comparing them. The data source used in this research is the audited and published annual reports from each of the bank websites that will be studied. In addition, other data sources used were obtained through Islamic banking statistics, articles, Bank Indonesia statistics, and others related to research. The results showed that there were significant differences in the performance of Islamic maqasid, the ratio of CAR, NPL, ROA, and FDR of Islamic Commercial Banks to Conventional Banks. The results of further research reject the hypothesis that there is no significant difference in the ratio of NPM and BOPO of Islamic Commercial Banks to Conventional Banks.","PeriodicalId":134690,"journal":{"name":"Journal of Islamic Economics Lariba","volume":"60 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127590212","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Linkage of Monetary Policy and Islamic Capital Market: The Case of Indonesia","authors":"Zainul Hasan Quthbi","doi":"10.20885/JIELARIBA.VOL5.ISS1.ART1","DOIUrl":"https://doi.org/10.20885/JIELARIBA.VOL5.ISS1.ART1","url":null,"abstract":"The study aims to examine the linkage of monetary policy and the Islamic stock market in Indonesia. Monetary policy variables are used in this study, namely, interest rate, exchange rate, and money supply (M2). Besides, the foreign interest rate is included as measured by FFR. At the same time, the shari’a index is used, namely Jakarta Islamic Index (JII). In the analysis, this study adopts the cointegration test, Granger causality test, and VECM. This study showed a negative long-term relationship between the variable interest rate and M2 to the JII stock price. The exchange rate variable has a positive long-term relationship with the JII stock price. While the foreign interest rate variable has a short-tem relation to the JII stock price, it doesn’t have a long term relationship.Keywords: Monetary Policy, Capital Market, Jakarta Islamic Index, Linkage ","PeriodicalId":134690,"journal":{"name":"Journal of Islamic Economics Lariba","volume":"94 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130053601","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Comparative Study in Zakat Management between Pusat Zakat Sabah and Badan Amil Zakat DIY","authors":"Maulana Ihsan Fairi","doi":"10.20885/JIELARIBA.VOL6.ISS1.ART4","DOIUrl":"https://doi.org/10.20885/JIELARIBA.VOL6.ISS1.ART4","url":null,"abstract":"Zakat is one of the basic principles that can be used as an instrument to reduce poverty and help Muslims in need. However, the participation of Muslims in Indonesia to paying zakat is still very less, in 2015 only IDR 2.477.457.839.898 which is collected from 207.176.162 Muslim population. Compared with Malaysia in 2015 collected more than MYR 2.334.010.085 or equivalent to IDR 7.002.030.257.000 of 17.375 million Muslim population. It makes this research aim to know the difference between zakat management in Indonesia and Malaysia. To compare it is selected Pusat Zakat Sabah (MUIS) with total collection in 2015 as much as MYR 795.695,17 or equivalent IDR 219.939.753.999 and Badan Amil Zakat DIY with total accumulation in 2015 amounting to IDR 680.990.478. Both are equivalent as zakat institutions at the provincial level. With descriptive qualitative method, it is used to describe data related to zakat management in PZS and Baznas DIY which have been collected. From the descriptive analysis, PZS has advantages in terms of collection and distribution, with the amount of funds collected and the absorption of fund distribution is always exhausted. Then in terms of utilization and Supervision of PZS and Baznas DIY have their respective advantages. ","PeriodicalId":134690,"journal":{"name":"Journal of Islamic Economics Lariba","volume":"157 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116497706","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}