{"title":"Muslim Businessmen and Chinese Economics in Singkawang","authors":"Fachrurazi Fachrurazi, D. S. Atmaja, Z. Prasojo","doi":"10.22515/shirkah.v4i2.270","DOIUrl":"https://doi.org/10.22515/shirkah.v4i2.270","url":null,"abstract":"Instead of being known as the “City of Tasbih”, nowadays Singkawang is either known as the “City of Amoy (Chinese girls)” or the “City of Thousand ChineseTemples”. Cap Go Meh annually International Festival is another evidence of Chinese image making towards the city. This indicates a sort of Chinese domination that must be studied, economically, politically, and socially. Furthermore, the research aims to explore the dynamics of Chinese Counterpart especially the Muslim Business elites' challenge such as ironic the ongoing dominating development. To explore the dynamics, in-depth interviews were held. Key figures among Muslim businessmen, Chinese elites, government officials, even laypeople were questioned in order to obtain a clear description and balanced analysis of possible biases and perspectives of the interviewees. Quantitative data are analyzed and discussed. In short, the research’s findings are: The desire of an Islamic Singkawang is still intact, driven mainly by Muslim businessmen, in order to defend the existence and of Muslim in face of their powerlessness amidst the domination of Chinese elites. Keywords: Muslim; businessmen, Chinese, economics, domination, Singkawang","PeriodicalId":31157,"journal":{"name":"Shirkah Journal of Economics and Business","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44964807","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":"Halal Product Guarantee in Indonesia: Regulation and Social Inclusion","authors":"J. Muslimin","doi":"10.22515/shirkah.v4i1.259","DOIUrl":"https://doi.org/10.22515/shirkah.v4i1.259","url":null,"abstract":"Halal Product Guarantee Act exists to ensure the protection of halal products consumed by Muslim consumers. Since it contains rules that only lead to protecting certain segments of society (Muslim consumers), this rule has become controversial. It is alleged to be potentially discriminatory. An argumentative and critical study shows that this is not factual. Apart from being legally tested, the social facts show that the regulation can be a means for the process of social inclusion: a process where people can respect each other’s communal rights, within the framework of authentic legal togetherness. The method employed is the analysis of legislation in a sociological perspective (sociological jurisprudence). The results of this study are through a series of juridical and sociological examinations, the Halal Product Guarantee Act can qualify as an integrative factor (social inclusion), in doing so it is expected to be an instrument of protecting people's rights (Muslim consumers' rights to get guaranteed halal products). Keywords: social inclusion, regulation, halal product guarantee, consumer protection.","PeriodicalId":31157,"journal":{"name":"Shirkah Journal of Economics and Business","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-12-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45616597","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":"Malmquist Productivity Index on Islamic Economics and Finance Research","authors":"A. Rusydiana, L. Marlina, L. Rani","doi":"10.22515/shirkah.v4i1.261","DOIUrl":"https://doi.org/10.22515/shirkah.v4i1.261","url":null,"abstract":"This study proposes to review the implementation of Malmquist Productivity Index (MPI) in such research publications on the theme of Islamic economics and finance. It employs descriptive statistical analysis based on selected 102 article publications. The entire sample publications have published from 2006 to 2019. The results show that research using the MPI method has still been dominated by Islamic banks issues (73%) followed by Islamic insurance or takaful issue (12%), then zakat (8%), and Islamic microfinance issue (4%). The rest are issues about halal industry, waqf and Islamic REIT. Malaysia, Indonesia and Pakistan are the 3 countries with the most study areas compared to other countries. In addition, many MPI applications are implemented along with the use of DEA methods for measuring efficiency. The most approach used in 102 studies is the production and intermediation approach. Keywords : Malmquist Index, productivity, Islamic Economics, finance","PeriodicalId":31157,"journal":{"name":"Shirkah Journal of Economics and Business","volume":"4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-12-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41658693","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":"The Recent Development of Islamic Economic Studies in Indonesia","authors":"Ahmad Farras Adibuddin, D. Setiawan, B. Sutopo","doi":"10.22515/shirkah.v4i1.263","DOIUrl":"https://doi.org/10.22515/shirkah.v4i1.263","url":null,"abstract":"This study outlines the recent development of Islamic economics in Indonesia. The data has been gathered from articles on Islamic economics published in the select national accredited journals in Indonesia from 2004 – 2017, consisting of 184 articles. This study has applied the field method chart as suggested by Hesford. We have classified these articles based on the field of research, the research topic, and its method. This study finds that there is an increase number of articles on Islamic economics in Indonesia published on national-accredited journals. These selected articles mostly discussed such topics relating to the banking issues. Keywords: Islamic economics, bibliography, analytical method, literature studies, survey method.","PeriodicalId":31157,"journal":{"name":"Shirkah Journal of Economics and Business","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-12-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46878498","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":"Kuznet’s Hypothesis and Ibn Khaldun’s Socio-Economic Dimensions","authors":"I. Indriati, Muh. Rudi Nugroho","doi":"10.22515/shirkah.v4i1.266","DOIUrl":"https://doi.org/10.22515/shirkah.v4i1.266","url":null,"abstract":"This study aims to prove the relationship between the hypothesis of Kuznets and Ibn Khaldun's socio economic dimension and income inequality. The object employed in this study is five municipal districts in Yogyakarta with the highest value of inequality throughout Java. This research utilizes the data panel which is a combination of annual time series of data from 2004-2017 and cross section of data from the five municipal districts in Yogyakarta. In this study, dynamic data panel regression is performed with the Generalized Method Moment (GMM) Arellano Bond. The relationship of the economic dimension of Ibn Khaldun and income inequality has been used to calculate income inequality Theil Entropy index which is being the dependent variable, and other variables as proxy for each dimension in Ibn Khaldun's socio-economic dimension models. The result of this study indicates that the linkage between Kuznets's hypothesis and Ibn Khaldun's socio-economic dimensions is similar since the economic growth shows insignificant variable resulted in both models. Keywords: Kuznets hypothesis, Ibn Khaldun's socio-economic dimensions, Entropy Theil Index, Generalized Moment Method (GMM) Arellano Bond.","PeriodicalId":31157,"journal":{"name":"Shirkah Journal of Economics and Business","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-12-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48230553","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":"Indonesia Islamic Bank Profitability 2010-2017","authors":"Lucky Nugroho, Ahmad Badawi, Nurul Hidayah","doi":"10.22515/shirkah.v4i1.240","DOIUrl":"https://doi.org/10.22515/shirkah.v4i1.240","url":null,"abstract":"This study proposes to determine the board management structure, bad debt, and efficiency of the profitability of the Islamic banks during 2007-2017 period. The quantitative data has been analyzed by using multiple regression analysis to determine the effect of independent variables on the variable dependent. Furthermore, the statistic tools used in the data process is Stata version 13. This study shows that the board of directors of the parent bank has a negative and significant influence on profitability. The problem financing has a negative and significant effect on profitability. Likewise, the ratio of operational costs also has a negative and significant effect on profitability. Thus, the existence of a parent bank's board of management to improve the performance of Islamic banks needs to be considered because it has not been able to provide an optimal contribution. In addition, the significant amount of financing quality and the use of inefficient operational costs have been a problem of improving profits from Islamic banks. Keywords: parent bank, bad debt, efficiency, profitability, Islamic banks","PeriodicalId":31157,"journal":{"name":"Shirkah Journal of Economics and Business","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-12-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44803266","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":"Identifying Financial and Non-Financial Factors as the Determinant of Sukuk Rating in Indonesia","authors":"Datien Eriska Utami","doi":"10.22515/shirkah.v4i1.265","DOIUrl":"https://doi.org/10.22515/shirkah.v4i1.265","url":null,"abstract":"The present study aims to identify financial and non-financial factors as the determinant variables of Indonesian companies' Sukuk ratings between 2014 and 2017. Five independent variables, i.e. firm size, profitability, leverage, guarantee status, and types of Sukuk, are involved in this study with Sukuk rating as the dependent variable. This study employed secondary data in the form of sixty-eight (68) Sukuk publications as the sample. The Sukuk publications observed in this study were still in circulation during the observation years obtained from Otoritas Jasa Keuangan (OJK/ Financial Services Authority) websites, annual reports of companies listed in Indonesia Stock Exchange, and PT Pefindo website. By utilizing Multinomial Logistic Regression, this study reveals that the financial factor, the profitability, had a significant effect on the Sukuk rating. Moreover, it also shows that the non-financial factor influencing the Sukuk rating was the guarantee status. On the contrary, the variables of firm size, leverage, and types of Sukuk did not affect the Sukuk rating. Keywords: firm size, profitability, leverage, guarantee status, types of Sukuk, Sukuk rating","PeriodicalId":31157,"journal":{"name":"Shirkah Journal of Economics and Business","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-12-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44318641","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 Economic Development of Pesantren","authors":"Anton Bawono","doi":"10.22515/shirkah.v3i1.180","DOIUrl":"https://doi.org/10.22515/shirkah.v3i1.180","url":null,"abstract":"This article mostly focuses on the values performed by pesantren (Islamic boarding school) in taking influence of creative economics within the community. Three factors observed in this paper mainly but may relate to other variables are embedded traditional values, technological resources and the role of ustadz and kyai engaged in the creative economic process. Taking several pesantren in Java and Yogyakarta as research sites, while conducting multiple regression as technique of analysis, this research shows that aforementioned variables have a positive and significant influence on developing creative economic of pesantren. Creative economic of pesantren largely invites more elaborative research, while this research can be a preliminary contribution to the field of new economic challenges within Islamic society.Keywords: pesantren, creative economics, kyai, ustadz","PeriodicalId":31157,"journal":{"name":"Shirkah Journal of Economics and Business","volume":"27 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78567103","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":"Integrated Marketing and Customers’ Decision Saving Funds in Islamic Banks","authors":"Wenda Wahyu Christiyanto, Mardi Astutik","doi":"10.22515/shirkah.v3i3.216","DOIUrl":"https://doi.org/10.22515/shirkah.v3i3.216","url":null,"abstract":"Indonesia has a good market potential for Islamic banking business development. However, the market share of Islamic banks is still far behind the conventional ones. Over 5 years, Islamic marketing mix has been integrated with the contemporary marketing mix. This article prudently examines the decision of society to invest their funds in Islamic banks dealing with the integrated marketing mix. Questionnaires had been distributed to 150 respondents of Islamic banks customers. Using analysis of Structural Equation Modeling based on variance (SEM-PLS), this article shows that the integrated marketing mix has taken an influence on customer purchasing decisions, consisting of pragmatism and product, pertinence and promotion, persistence and process. Keywords: SEM-PLS, Islamic banking, integrated marketing ","PeriodicalId":31157,"journal":{"name":"Shirkah Journal of Economics and Business","volume":"34 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78113598","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":"Macro Economic Challenges and Third Party Funds of Islamic Commercial Banks in Indonesia","authors":"Anik Anik, Iin Emy Prastiwi","doi":"10.22515/SHIRKAH.V3I1.208","DOIUrl":"https://doi.org/10.22515/SHIRKAH.V3I1.208","url":null,"abstract":"This article aims to determine the effect of inflation, the BI Rate, the exchange rate of the rupiah to the US dollar, and the amount of money supply for Third Party Funds (TPF) in Indonesians’ Islamic Banks during 2013-2016. This research method uses multiple regression analysis with time series data; gathering data from 48 samples of which are monthly data on the variables. The result of this research find that the inflation and exchange rate variables have no significant effect on TPF, while the BI Rate variable and the money supply have a significant effect on TPF. In doing so, Islamic banking can pay serious attention to the BI rate and the money supply and in this study the BI rate on the direction of TPF. Keywords: inflation, BI rate, exchange rate, Third Party Funds","PeriodicalId":31157,"journal":{"name":"Shirkah Journal of Economics and Business","volume":"87 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81345528","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}