{"title":"PENGARUH VARIABEL MAKROEKONOMI TERHADAP INDEKS SAHAM SYARIAH INDONESIA (ISSI) PADA TAHUN 2011-2022","authors":"Lailatul Maulida Azzahra, Riyan Andni","doi":"10.22373/jose.v5i1.4201","DOIUrl":"https://doi.org/10.22373/jose.v5i1.4201","url":null,"abstract":"This research was motivated by the inconsistent relationship between the Indonesian Sharia Stock Index (ISSI) and macroeconomic variables that influence Indonesian sharia stock prices including the inflation rate, Bi Rate, rupiah exchange rate, world oil prices, gold prices, and economic growth. The research aims to analyze, determine and explain the impact of the Indonesian Sharia Stock Index on macroeconomic variables. This type of research uses quantitative data for the period 2011 to 2022 sourced from BPS, Investing.com, BI and OJK. Data analysis techniques involve multiple linear regression tests, classical assumption tests, and hypothesis tests. The indicator achievement results describe macroeconomic variables, namely Bi Rate has a significant negative impact, the rupiah exchange rate tends to be positive and significant, and economic growth has a significant positive impact, while inflation, world oil prices and gold prices have no impact and are not significant, meaning that the Indonesian ISSI sharia stock price experiences Volatility is not fully influenced by macroeconomics, especially Bi Rate, Rupiah exchange rate, and economic growth, which means these variables contribute to the movement of Indonesian Sharia stock prices (ISSI) so that research refers to policymakers, stakeholders and investors who can consider factors fundamentally. as well as analytics in decision making and portfolio management in the Indonesian sharia stock market. \u0000 ","PeriodicalId":34082,"journal":{"name":"Journal of Sharia Economics","volume":"7 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140967151","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":"STRATEGI DALAM MENGURANGI PEMBIAYAAN BERMASALAH PADA BMT HARAPAN UMAT PATI","authors":"Riyan Andni","doi":"10.22373/jose.v5i1.3220","DOIUrl":"https://doi.org/10.22373/jose.v5i1.3220","url":null,"abstract":"Pembiayaan bermasalah menjadi pemicu utama perbankkan mengalami kemunduran dalam kinerja keuangan sehingga pembiayaan bermasalah harus dapat dikurangi agar perusahaan dapat berkembang secara normal. Penelitian ini bertujuan untuk mengetahui strategi penanganan pembiayaan macet pada BMT Harapan Ummat Pati akibat penurunan jumlah nominal simpanan anggota dari krisis ekonomi, usaha sepi dll. Penelitian ini dilakukan di BMT Harapan Ummat Pati tahun 2023 dengan metode kualitatif deskriptif melalui observasi, wawancara dan dokumentasi. Hasil penelitian menunjukkan bahwa BMT Harapan Umat memiliki strategi yang baik dalam menangani pembiayaan bermasalah melalui penguatan internal pegawai yang terjun langsung mengatasi pembiayaan bermasalah, melakukan pembinaan kepada nasabah melalui telepon (call), mengunjungi nasabah kerumah, melakukan musyawarah kepada nasabah, dan restrukturisasi angsuran nasabah disetiap bulannya sesuai kemampuan nasabah, apabila nasabah yang dengan sengaja tidak mau membayar maka asetnya akan benar-benar dilelangkan atau dijual. Penelitian ini penting bagi lembaga keuangan agar terhindar dari pembiayaan yang bermasalah.","PeriodicalId":34082,"journal":{"name":"Journal of Sharia Economics","volume":"33 45","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140966597","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":"PENGEMBANGAN EKONOMI BERBASIS SYARIAH DI ERA DIGITAL: ANTARA PELUANG, TANTANGAN, DAN KENDALA","authors":"Benny Afwadzi, A. Djalaluddin","doi":"10.22373/jose.v5i1.3966","DOIUrl":"https://doi.org/10.22373/jose.v5i1.3966","url":null,"abstract":"A Sharia-based economy faces problems that take work. Not only is there minimal public knowledge, which has resulted in the assumption of equality between Sharia economics and conventional economics but there has also been a decline in Sharia economics in Indonesia. Not to mention the era of digitalization, which has completely changed Sharia economic practices; based on this, this article examines the development of Sharia-based economy in the digital era. The study is limited to aspects of opportunities, challenges, and obstacles. This article aims to understand the context of Sharia economics and how development must be implemented. Using a qualitative approach with library research method, the authors find that Sharia economics is an economy based on Islam. It must adopt digitalization today. Regarding several Sharia economic opportunities in the digital era, namely the Indonesian community as the largest Muslim community and product promotion in digitalization, the challenges are human resources and cyber security. At the same time, the obstacles are minimal public awareness and technological limitations. These opportunities, challenges, and obstacles have implications for the development of the Sharia economy, which must rely on digital aspects with all their shortcomings.","PeriodicalId":34082,"journal":{"name":"Journal of Sharia Economics","volume":"37 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140969739","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}
Muhammad Rochison, Yeny Fitriyani, P. Purwanto, Muhammad Rifki, Y. Hidayat
{"title":"ANALISIS MANAJEMEN PEMBIAYAAN PADA LEMBAGA KSPPS BMT AR-ROHMAH BANDONGAN MAGELANG","authors":"Muhammad Rochison, Yeny Fitriyani, P. Purwanto, Muhammad Rifki, Y. Hidayat","doi":"10.22373/jose.v5i1.4198","DOIUrl":"https://doi.org/10.22373/jose.v5i1.4198","url":null,"abstract":"Shariah Savings and Credit and Finance Cooperatives (KSPPS) are microfinance institutions that collect and distribute assets to people who need these funds. This research aims to find out the financial management and internal and external systems in KSPPS BMT Ar-Rohmah Bandongan Magelang; this research uses a descriptive qualitative approach with interview techniques, primary and secondary data collection, and documentation. Using SWOT analysis, we can find the weaknesses, strengths, threats, and opportunities in KSPPS Ar-rohmah institution. The results of this study show that the management system in KSPPS BMT Ar-rohmah institution uses a Sharia financing system and has Sharia principles, as well as having several opportunities and weaknesses and threats for institutions; KSPPS BMT Ar-rohmah mitigates risks by paying attention to character, capacity, capital, collateral and economic conditions in customers.","PeriodicalId":34082,"journal":{"name":"Journal of Sharia Economics","volume":"65 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140968158","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}
Syahruddin Kadir, Siradjuddin Siradjuddin, A. Nur, Ahmad Efendy, Hassan Alaaraj
{"title":"ROAD MAP AND DEVELOPMENT HALAL INDUSTRY SECTOR IN INDONESIA","authors":"Syahruddin Kadir, Siradjuddin Siradjuddin, A. Nur, Ahmad Efendy, Hassan Alaaraj","doi":"10.22373/jose.v5i1.3285","DOIUrl":"https://doi.org/10.22373/jose.v5i1.3285","url":null,"abstract":"The purpose of this research is to find out the halal industry roadmap and the development of the halal industry sector in Indonesia. This research uses a literature review. The literature review uses data from trusted sources to be the research method of the technique used. The result of this study is that the halal industry in Indonesia began with research on food and beverage products found to contain pork extracts in 1988, so the government acted to form the MUI Food, Drug and Cosmetics Assessment Institute (LLPOM) officially in 1989 as the first halal inspection agency in Indonesia. The findings of this study suggest that stakeholders involved in the growth of the halal industry in Indonesia should support the halal industry roadmap. The halal industry business is developing in several sectors, including manufacturing, infrastructure, services, human resources, and halal certification standards. To overcome the demands of the growing halal industry in Indonesia, the government, business companies, and academics must collaborate and synergize to achieve the goal of making Indonesia a global halal center. The halal roadmap will help build and grow the halal ecosystem more methodically and comprehensively.","PeriodicalId":34082,"journal":{"name":"Journal of Sharia Economics","volume":"6 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-05-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140967335","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":"CRYPTOCURRENCY LAW: A STUDY OF FIQH AND FATWAS ABROAD AND A COMPARISON OF FATWAS IN INDONESIA","authors":"Umihani","doi":"10.22373/jose.v4i2.3463","DOIUrl":"https://doi.org/10.22373/jose.v4i2.3463","url":null,"abstract":"The discussion of fiqh and fatwa studies on cryptocurrency is still widely discussed both in Indonesia and abroad. Differences of opinion regarding cryptocurrencies are also often found so it is interesting to discuss. This research aims to find out the legal istinbãth method used by fatwa institutions in determining the cryptocurrency issue. This research is a qualitative study with library data collection techniques. The Malaysian state requires a report on every transaction, and State Bank of Malaysia is also not fully responsible for the use outside the crypto wallet service provider. Middle Eastern fatwa institutions such as in Egypt, Turkey, and Palestine prohibit cryptocurrencies because they are illegal, there is no direct supervision from the government or authorities so that money laundering can occur, and cryptocurrencies can also cause gharar. Fatwa institutions in Indonesia differ in determining the law of cryptocurrency. MUI's fatwa prohibits cryptocurrency according to government regulations and the sad al-dzariah legal istinbãth method, as well as the Muhammadiyah Tarjih Council which also prohibits cryptocurrency. The East Java PWNU Bahtsul Masail Institute prohibits cryptocurrency, while the Yogyakarta Special Region PWNU Bahtsul Masail Institute allows it, both institutions use the ilhãqi method because they refer to classical and contemporary books.","PeriodicalId":34082,"journal":{"name":"Journal of Sharia Economics","volume":"145 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139241445","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":"PEMBERDAYAAN DANA ZAKAT DALAM PENCAPAIAN SDGS DESA: PILAR PEMBANGUNAN SOSIAL","authors":"Nani","doi":"10.22373/jose.v4i2.3241","DOIUrl":"https://doi.org/10.22373/jose.v4i2.3241","url":null,"abstract":"Urgensi pembangunan berkelanjutan di dunia merupakan ide terbentuknya tujuan pembangunan berkelanjutan (SDGs) yang bersinergi lintas ekonomi, inklusi sosial, ketahanan dan keberlanjutan lingkungan serta pemerintahan yang baik untuk setiap bangsa, negara dan semua individu pada tahun 2030 mendatang. Menjadi sebuah evidensial, desa sebagai subjek identifikasi berbagai macam konflik pembangunan. SDGs desa merupakan solusi dari akar persoalan pembangunan tersebut. Lalu bagaimana dana zakat diberdayakan untuk SDGs desa? Penelitian ini bertujuan untuk mengkaji pemberdayaan dana zakat yang lebih terfokus pada subsidi input dan penyediaan fasilitas bagi mustahik di pedesaan sehingga distribusi dana zakat memiliki nilai manfaat lebih khususnya berkontribusi untuk pencapaian SDGs desa di Indonesia dalam jangka panjang. Metode penelitian yang digunakan yaitu penelitian kualitatif dengan pendekatan deskriptif. Teknik pengumpulan data menggunakan studi kepustakaan (literature review). Hasil penelitian diperoleh bahwa lima goals pertama yang termasuk kedalam pilar pembangunan sosial menjadi sebuah target goals yang dapat dicapai melalui pemberdayaan dana zakat khususnya di pedesaan. Pada goals tanpa kemiskinan dan goals tanpa kelaparan, dana zakat dapat dialokasikan pada subsidi input untuk menciptakan kemandirian ekonomi. Goals kehidupan sehat dan sejahtera melalui pemberdayaan dana zakat dapat direalisasikan untuk membangun tempat pelayanan kesehatan atau menyediakan fasilitas kesehatan untuk masyarakat desa yang sehat dan sejahtera. Goals pendidikan berkualitas melalui pemberdayaan dana zakat yaitu berupa fasilitas yang baik untuk meningkatkan kualitas pendidikan, memberikan kenyamanan dan motivasi belajar yang tinggi. Goals kesetaraan gender dapat direalisasikan dalam bentuk gerakan. Dana zakat dapat dimanfaatkan untuk memberikan fasilitas maupun pelayanan untuk kesehatan reproduksi, advokasi atas kekerasan perempuan, dan pelatihan-pelatihan untuk peningkatan skill perempuan.","PeriodicalId":34082,"journal":{"name":"Journal of Sharia Economics","volume":"21 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139267910","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":"ANALISA EFISIENSI KINERJA UNIT USAHA SYARIAH BANK PEMBANGUNAN DAERAH MELALUI PENDEKATAN METODE STOCHASTIC FRONTIER ANALISYS (SFA)","authors":"Nia Suci Ati, Rais Sani Muharrami","doi":"10.22373/jose.v4i2.3439","DOIUrl":"https://doi.org/10.22373/jose.v4i2.3439","url":null,"abstract":"Penelitian ini bertujuan untuk menganalisis nilai tingkat efisiensi Unit Usaha Syariah yang dimiliki oleh Bank Pembangunan Daerah di Indonesia untuk periode tahun 2020 s.d. 2022, serta mengidentifikasi variabel-variabel yang berpengaruh signifikan terhadap nilai tingkat efisiensi Unit Usaha Syariah Bank Pembangunan Daerah di Indonesia. Tujuan dari penelitian ini untuk melihat tingkat efisiensi kinerja Unit Usaha Syariah Bank Pembangunan Daerah di Indonesia dalam mempersiapkan kebijakan pelaksanaan spin off maupun konversi menjadi Bank Umum Syariah. Unit Usaha Syariah Bank Pembangunan Daerah dituntut untuk memperbaiki permodalan dan memperhatikan efisiensi agar memiliki daya saing tinggi, serta memiliki peran lebih nyata pada perekonomian nasional. Penelitian ini fokus pada penilaian tingkat efisiensi melalui pendekatan teknis, dengan mengukur teknik dan hubungan operasional dalam proses penggunaan input menjadi output. Variabel input yang digunakan terdiri dari Dana Pihak Ketiga, Biaya Tenaga Kerja, dan Aset. Sementara variabel output yang digunakan terdiri dari Pembiayaan dan Pendapatan Operasional. Penelitian ini menggunakan sampel 12 Unit Usaha Syariah Bank Pembangunan Daerah di Indonesia dengan pendekatan metode Stochastic Frontier Analisys (SFA), didapatkan bahwa secara keseluruhan Unit Usaha Syariah Bank Pembangunan Daerah memiliki nilai tingkat efisiensi yang baik dengan rata-rata nilai tingkat efisiensi diatas 99%. Selanjutnya dengan menggunakan regresi tobit, dihasilkan bahwa aset memiliki pengaruh signifikan untuk meningkatkan nilai tingkat efisiensi Unit Usaha Syariah Bank Pembangunan Daerah di Indonesia, sementara Dana Pihak Ketiga dan Biaya Tenaga Kerja memiliki pengaruh signifikan untuk menurunkan nilai tingkat efisiensi Unit Usaha Syariah Bank Pembangunan Daerah di Indonesia. Kata kunci : Efisiensi; SFA; Regresi Tobit","PeriodicalId":34082,"journal":{"name":"Journal of Sharia Economics","volume":"49 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139267887","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":"TREN HALALICIOUS DI UMKM MAKANAN DAN MINUMAN : STUDI MINAT BELI KONSUMEN DI KOTA JAMBI","authors":"Imtiyaz Amani, M. W. Musthofa","doi":"10.22373/jose.v4i2.3219","DOIUrl":"https://doi.org/10.22373/jose.v4i2.3219","url":null,"abstract":"In Indonesia, which has the largest Muslim population of 237.55 million people, the increasing Muslim population in Jambi city has driven the demand for halal products, particularly halal food and beverages, which are essential needs for the Muslim community. Therefore, this research aims to examine the influence of halal certification, production processes, and raw materials on consumer purchasing intentions towards food and beverage products from Micro, Small, and Medium Enterprises (MSME). MSME are considered as a highly potential research subject in this study as they contribute to the economic livelihood of the community in Jambi city. The research methodology employed in this study is Multiple Linear Regression, with a sample of 100 respondents and data analysis conducted using Eviews 10 software. The findings of this research confirm that halal certification and production processes significantly influence consumer purchasing intentions towards food and beverage products from MSME. However, the variable related to raw materials does not have a significant impact when analyzed separately. Therefore, MSME engaged in food and beverage production should obtain halal certification, pay attention to their production processes, and consider the quality of their raw materials to enhance consumer purchasing power for their products. Keywords: Halal Certification, Buying Interest, Food And Beverages, UMKM","PeriodicalId":34082,"journal":{"name":"Journal of Sharia Economics","volume":"40 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139267285","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}
Roikhan Mochamad Aziz, Ahmad Rodoni, Farid Fathony Ashal
{"title":"THE PROFITABILITY EFFICIENCY OF BANK SYARIAH INDONESIA : AN APPLICATION OF DATA ENVELOPMENT ANALYSIS AND HAHSLM MODEL APPROACH","authors":"Roikhan Mochamad Aziz, Ahmad Rodoni, Farid Fathony Ashal","doi":"10.22373/jose.v4i2.2961","DOIUrl":"https://doi.org/10.22373/jose.v4i2.2961","url":null,"abstract":"Perkembangan industri perbankan syariah telah memainkan peranan penting dalam perbankan indonesia. Beberapa penelitian mengukur tingkat pertumbuhan bank berdasarkan dari efisiensi produktifitas. Namun, mengabaikan unsur religiusitas sebagai variabel yang secara tidak langsung juga memberikan pengaruh terhadap kinerja bank. Penelitian ini akan menguraikan tingkat efisiensi dan refleksivitas bank syariah indonesia periode 2019-2021. Metode yang digunakan dalam penelitian ini menggunakan data envelopment analysis (dea) dikombinasikan dengan Hahslm;salat teori untuk mengukur tingkat efisiensi dan refleksivitas bank syariah indonesia. Hasil penelitian menunjukkan tingkat efisiensi bank syariah indonesia meningkat secara siginifikan dengan nilai 23% periode 2020-2021. Pada uji Hahslm;salat juga mengalami peningkatan 90% pada periode yang sama. Dengan demikian perhitungan kombinasi tingkat efisiensi dengan nilai bobot shalat akan membuktikan keselarasan antara nilai keagamaan dengan tingkat efisiensi kinerja pada bank. Nilai pengaruh sholat tahun 2020 sebesar 0,0008% dan pada tahun 2021 sebesar 0,207%. Berdasarkan perhitungan tersebut, dapat diketahui bahwa terjadi kenaikan drastis pada nilai pengaruh shalat dari tahun 2020 ke tahun 2021.","PeriodicalId":34082,"journal":{"name":"Journal of Sharia Economics","volume":"68 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139273534","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}