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Journal : Jurnal Ekonomi dan Bisnis Islam

COASTAL MOSLEM’S CREATIVE ECONOMY DEVELOPMENT MODEL : CASE STUDY IN KENJERAN SURABAYA Tika Widiastuti; Sunan Fanani; Imron Mawardi
Jurnal Ekonomi dan Bisnis Islam | Journal of Islamic Economics and Business Vol. 3 No. 2 (2017): JULI-DESEMBER 2017
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (3272.234 KB) | DOI: 10.20473/jebis.v3i2.6722

Abstract

The aim of this study is to understand how coastal moslem’s creative economy development are. This study has used qualitative approach with study case strategy.  Data collection has done by interviewing the informants i.e. Head of Kelurahan Sukolilo and Creative Industry’s stakeholder nearby Kenjeran, Surabaya. The result of this study is an appropriate model to develop coastal moslem’s socio-economics is a holistic-integrated developments. The model involved sort of stakeholders viz. fishermans, seafood crackers producers, the government, NGO’s, and universities.  Keywords : Coastal Communities, Creative Economy,  Kenjeran, Sosio-Economic Development
ANALISIS PENGARUH UTANG BERBASIS BUNGA DAN PENDAPATAN NON-HALAL TERHADAP NILAI PERUSAHAAN EMITEN SAHAM SYARIAH Muhammad Adlan; Imron Mawardi
Jurnal Ekonomi dan Bisnis Islam | Journal of Islamic Economics and Business Vol. 4 No. 2 (2018): JULI-DESEMBER 2018
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (769.69 KB) | DOI: 10.20473/jebis.v4i2.10035

Abstract

This study aims to determine whether interest-based debt limitation and non-halal income limitation have significant effect on the firm value. Sharia stock issuers in Indonesia are obliged to pass several conditions set by the market regulator, some of them are limitations of the interest-based debt and non-halal income. This study assumes that the lower portion of interest-based debt and non-halal income, the more the investors will prefer the stocks, thus increasing the firm value. The subjects of this study are the companies listed on JII period 2013-2017. This study measures interest-based debt with ratio of interest-based debt devided by total debt, measures non-halal income with ratio of non-halal income divided by operating revenue, and measures the value of the firm with PBV. The analysis of this study using panel data regressions with fixed effects models with robust standard errors. The results shows that interest-based debt and non-halal income have no effects on the value of the firm, partially and simultaneously Keywords: Interest baseddebt, Non-halal income, Sharia stocks, Value of the firm
ANALYSIS OF INTERNATIONAL INDEX ON INDONESIAN SHARIA STOCK INDEX Shofal Iman; Imron Mawardi; Md Atiqur Rahman Sarker
Jurnal Ekonomi dan Bisnis Islam | Journal of Islamic Economics and Business Vol. 6 No. 1 (2020): JANUARY-JUNE 2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v6i1.10961

Abstract

This study aims to determine the influence of long-term and short-term global stock index on the Indonesian Islamic stock index. The approach used is a quantitative approach and uses the Error Correction Model (ECM) method. ECM is an analytical model that can be used in time series data to estimate the effect of independent variables on long-term and short-term use variables. The sample used was taken from secondary data, namely global stock index data consisting of the DJIA, N225 and HSI indices, and the Indonesian sharia stock index in the form of the ISSI index in the period of January 2013 to December 2017, so that 60 samples were obtained. The test results show that in the long run, the DJIA and HSI indices have a significant positive effect on the ISSI index, while the N225 index has a significant negative effect on the ISSI index. In the short term, only the DJIA index has a significant positive effect on the ISSI index.Keywords: Dow Jones Industrial Average, Hang Seng Index, Indonesian Sharia Stock Index, Nikkei 225, Error Correction Model
MACROECONOMY IMPACTS ON INTERNATIONAL TRADE BETWEEN INDONESIA AND ISLAMIC COUNTRIES Muhammad Ubaidillah Al Mustofa; Imron Mawardi; Tika Widiastuti; Dewie Saktia Ardiantono
Jurnal Ekonomi dan Bisnis Islam | Journal of Islamic Economics and Business Vol. 6 No. 1 (2020): JANUARY-JUNE 2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v6i1.14138

Abstract

As one of the members of the Organisation of Islamic Corporation (OIC), Indonesia has excellent trade prospects. Therefore, this study has a purpose to examine the impact of macroeconomics factors on trade between Indonesia and intra-OIC countries. The variables of macroeconomics in this study consist of country risks, inflation, exchange rate, oil price, and economic growth. Quantitative is the right method for this study, applying Ordinary Least Square (OLS) regression with the help of EViews. The data used for the analysis is a time horizon with annual frequency from 1986 to 2016. Furthermore, finding shows that almost all variables of macroeconomics play an insignificant role in determining the trade between Indonesia and Islamic countries. However, the oil price is the only variable to show its contribution towards trade between Indonesia and intra-OIC countries. The results indicate that macroeconomic variables do not contribute to the key decisions for conducting trade internationally. Political factors and bilateral treaties become better variables to explain Indonesia's trade with other Islamic countries. Keywords: Country Risk, International Trade, Macroeconomic, Organisation of Islamic Corporation, Indonesia.
ANALYSIS OF HALAL TOURISM DEVELOPMENT IN PAMEKASAN: ANALYTICAL NETWORK PROCESS APPROACH R. Wahyu Agung Utama; Imron Mawardi
Jurnal Ekonomi dan Bisnis Islam | Journal of Islamic Economics and Business Vol. 9 No. 1 (2023): JANUARY-JUNE 2023
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v9i1.35195

Abstract

This research aims to analyze problems, solutions, and strategic policies to support the development of halal tourism in Pamekasan by employing the Analytic Network Process (ANP) method. Data were obtained from nine experts consisting of representatives of academics, practitioners, associations, and regulators. Findings show that the most dominant issue is the aspect of human resources, followed by infrastructure, regulation, management, and marketing issues. Several strategic policies can be implemented to strengthen the development of halal tourism in Pamekasan, including (1) forming a team of mediators and regional tourism councils; (2) establishing halal tourism as a regional priority program; (3) increasing the capacity of Human Resources that involved in Halal tourism; (4) revitalizing tourism infrastructure and support its development; (5) increasing the diversification of halal tourism products; and (6) encouraging and facilitating halal certification. This research is expected to serve as a policy reference for decision-making, particularly in the development of Halal tourism. Further research could be conducted to investigate the implementation of halal tourism in Pamekasan; following the adoption of the RIPPDA Regional Regulation.
THE IMPACT OF PRODUCTIVE AND CONSUMPTIVE FINANCINGS ON INDONESIAN ISLAMIC BANKING PROFITABILITY: MARKOV SWITCHING DYNAMIC REGRESSION Wahyu Wibisono Wahid; Imron Mawardi; Muhammad Ubaidillah Al Mustofa; Mohammad Haidar Risyad; Dzikri Nurrohman; Nuria Latifah
Jurnal Ekonomi dan Bisnis Islam | Journal of Islamic Economics and Business Vol. 9 No. 1 (2023): JANUARY-JUNE 2023
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v9i1.45639

Abstract

This study investigates the effect of Islamic bank financings on banks' profitability during two distinct periods, namely stable and unstable conditions. This study also examines the profitability tendencies of banks during the two periods mentioned. To answer these objectives, this study applies the Markov Switching Dynamic Regression technique to 173 monthly observations from the Islamic commercial banking industry from December 2007 to March 2022. In stable times, the results indicate that productive financing harms the profitability of Islamic banks. Productive financing entails greater credit risk and can raise principal-agent concerns, moral hazard, and adverse selection. Consequently, productive financing necessitates higher monitoring costs. In an unstable period, consumptive financing negatively affects Islamic bank profitability. The proportion of consumptive financing exceeds the proportion of productive financing. This then increases the risk of credit and default, especially during economic instability when many consumers request reconditioning and even restructuring of financings from the bank. In addition, the results indicate that the profitability of Islamic banking is anticipated to endure longer in stable regimes and to recoup more quickly from unstable or crisis regimes. The findings of this study will likely serve as references and materials for banking management decisions, particularly financing decisions during periods of economic stability and crisis. Islamic banking should prioritize consumer financing during periods of economic stability and increase the proportion of productive financing during periods of economic instability.
Co-Authors Achmad Hijri Lidnillah Achmad Hijri Lidnillah, Achmad Hijri Achmad Kharis Adhama, Gabriella Jodie Ainur Rachman Ainur Rachman, Ainur Ainur Rofiq Kurniawan Ajeng Gama Rosyida Al Ma'rifatul A'la Al Mustofa, Muhammad Ubaidillah Ambariyanto Ambariyanto Anisa Priyanka Jasmine Aprilidya Ayu Parandita Ananta Ardina Talitha Nidya Ari Prasetyo Ari Prasetyo Arifin, Nur Rachmat Ariska Oktavia Arni Dini Inayati Aufar Fadlul Hady Aulia Ramadhani Aysha Dhamaring Nugroho Azel Raoul Reginald Azel Raoul Reginald, Azel Raoul Bayu Wardhana Bintang Pratama Buana Putra Dewie Saktia Ardiantono Diamantin Rohadatul Aisy Dian Anggraini Dien Mardhiyah Dzikri Nurrohman Dzikri Nurrohman Eko Fajar Cahyono, David Kaluge Fakhrana, Fathaniadina Faridatun Nila Faridatun Nila Faridatun Nila Fary Adisetya Putra Fathaniadina Fakhrana Febrinda Eka Damayanti Firsty Izzata Bella Fithrotin Azizah Rahmah Fitri Nur Latifah Gabriella Jodie Adhama Gea Papurane Langi Hanifiyah Yuliatul Hijriah, Hanifiyah Yuliatul Huzein Satrio Prasetyawan Ilham Nur Agustha Ilham Nur Agustha, Ilham Nur Ilmiawan Auwalin Imam Sopingi Indi Masita Lisdawami Indra Kharisma Raharjana Insani, Taqiyah Dinda Insani, Taqiyah Dinda Ira Erlinawati Ira Erlinawati, Ira Ishma Amelia Jihad Jihad Jihad, Jihad Kurniawan, Ainur Rofiq Kusnul Ciptanila Yuni K. Mahmudah, Siti Nur Md Atiqur Rahman Sarker Mirna Ainurrachma Moch. Ali Fudin Al Islami Moh Fudholi Moh. Fudholi Moh. Fudholi Mohammad Haidar Risyad Mohammad Haidar Risyad Muhamad Nafik Hadi Ryandono Muhamad Nafik Hadi Ryandono, Muhamad Nafik Muhammad Adlan Muhammad Ali Nuruddin Muhammad Sanusi Muhammad sanusi Muhammad Syauqi Muhammad Ubaidillah Al Mustofa Muhammad Ubaidillah Al Mustofa Muhammad Ubaidillah Al Mustofa Muhammad Ubaidillah Al Mustofa Muhammad Wicaksono Hasdyani Putra Muslich Anshori Muslich Anshori Muslich Anshori Mutmainah Mutmainah Nareswari Saputro Nareswari Saputro, Nareswari Nidya, Ardina Talitha Nikmatul Atiya Nila, Faridatun Norma Rosyidah Norma Rosyidah, Norma Nova Rini Nova Rini Novalia Nastiti Novalia Nastiti, Novalia Nur Rachmat Arifin Nur Rachmat Arifin Nuria Latifah Nurul Asfiah Nurul Asfiah Okyviandi Putra Erlangga Ongky Martha Dwiyananda Ongky Martha Dwiyananda, Ongky Martha Pramita Agustin Pramita Agustin, Pramita Puji Sucia Sukmaningrum Putra, Fary Adisetya R Moh Qudsi Fauzi R Wahyu Agung Utama R Wahyu Agung Utama R. Wahyu Agung Utama R. Wahyu Agung Utama R. Wahyu Agung Utama R. Wahyu Agung Utama Rachman Sugiharno Raditya Sukmana Ramdani Ramdani Rani, Lina Nugraha Renny Oktafia Renny Oktafia, Renny Ridan Muhtadi Rifqul Ma'isyah Ririn Tri Ratnasari Rosana Puspasari Rosana Puspasari, Rosana Samsidar Widiarso Setiyo Aji Shofal Iman Siti Maisaroh Siti Maisaroh Siti Nur Azizaturrohmah Siti Nur Azizaturrohmah, Siti Nur Siti Nur Mahmudah Siti Zulaikha Sri Herianingrum Sri Ningsih Sulaeman Sulaeman Sunan Fanani, Sunan Sunarno Sunarno Taqiyah Dinda Insani Taufan Indrasasmita Tika Widiastuti Tika Widiastuti Tjiptohadi Sawarjuwono Utama, R Wahyu Agung Utama, R. Wahyu Agung Wahyu Wibisono Wahid Wisudanto Wisudanto Yanuar Dharma Putra Yossy Imam Candika Zaim Nur Afif Zaim Nur Afif, Zaim Nur