cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
-
Contact Email
-
Phone
-
Journal Mail Official
jurnal.al-uqud@unesa.ac.id
Editorial Address
campus Ketintang Surabaya 60231
Location
Kota surabaya,
Jawa timur
INDONESIA
al-Uqud : Journal of Islamic Economics
Published by Universitas Negeri Surabaya
ISSN : 25490850     EISSN : 25483544     DOI : http://dx.doi.org/10.26740/al-uqud
Core Subject : Economy,
Economics, Econometrics & Finance
al-Uqûd : Journal of Islamic Economics published by the Islamic Economic Studies Department of Economics Faculty of Economics, Universitas Negeri Surabaya in cooperation with the Forum of Economic and Business Lecturer Islam (FORDEBI). al-Uqûd published twice a year, in January and July. The journal will focus on providing quality research in the areas of Islamic economics, banking and finance. The goal of the journal is to cover topics that are paramount in modern Islamic economics and finance. The language used in the form of Indonesian and English. Editors invite research lecturers, the reviewer, practitioners, industry, and observers to contribute to this journal.
Arjuna Subject : -
Articles 162 Documents
 1   2   3   4   5 
Solution for Islamic Banks Exploitation: A Criticism of Fixed-Yields Based Financing in Indonesia Ryandono, Muhamad Nafik Hadi
al-Uqud : Journal of Islamic Economics Vol 4, No 1 (2020): January
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (408.597 KB) | DOI: 10.26740/al-uqud.v4n1.p48-68

Abstract

The profit-sharing system is the main characteristic of Islamic banking that distinguishes them from conventional (ribawi) banking. However, in reality, the profit-sharing contract is rarely implemented in Islamic banking. As a result, Islamic banking is still identified as ribawi banking. Many Islamic economists have examined the reasons behind fixed income contracts, especially murabahah contract that applied predominantly, structurally, systematically and massively compared to the profit-sharing contract. Therefore, with a critical analytical approach, this study aims to dismantle and look for solution towards exploitation of fixed income-based financing in Indonesian sharia banking. The results of this study are fixed income-based financing should be applied limited to covering the operational costs of Islamic banks but the remainder must be channelled based on profit-sharing systems. Meanwhile, funding for profit-sharing systems is intended to gain profits and cover the operational cost variables. Thus, predatory exploitation of Islamic banks in Indonesia can be minimized by maintaining the composition of the maximum financing about forty per cent which is a fixed-yield based and leave the rest to a profit-sharing system. Then, the more equitable Islamic bank system and Islamic economic goals will be created and offer benefits such as the achieving of the objectives of Islamic sharia (maqashid shariah) and minimizing the image of Islamic banks as ribawi bank.
FIKIH ZAKAT SIMPANAN DI BANK DAN HUKUM-HUKUMNYA Waluya, Atep Hendang
al-Uqud : Journal of Islamic Economics Vol 1, No 2 (2017): July
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26740/al-uqud.v1n2.p156-182

Abstract

The potential of zakah of savings on Banks in Indonesia in 2011 reached 17 T. According to the jumhur (konsensus) of contemporary fuqaha (jurist), saving in banks, essentially, are accounts receivable (qardh). There is a difference of opinion among the fuqaha about the zakah on accounts receivable. However, a strong opinion is that saving in banks is accounts receivable to mali badzil (people who can afford to pay debts and not delay payments) therefore deposits in banks both conventional and sharia are obliged to be paid the zakah when they reach nishab and haul. The nishab is the same as gold or silver. The size is 2,5%. If follow the gold nishab, then saving about Rp. 45.132.620,00 then must pay zakah about Rp. 1.128.315,00. If follow silver nishab, then the savings in the bank about Rp. 6.515.250,00 are required to pay zakah about Rp. 162.881,25. It is possible to combine banknotes, gold, silver and merchandise (‘urudh tijarah) in determining nishab deposits in banks. If there any profits on saving that invested (deposits) then the saving and profits must be paid the zakah, if the investment is on the halal and not contrary to syara. There is no zakah on the profits from saving invested (deposits) on the forbidden enterprises or from the interest of savings in a conventional bank
Cash Waqf for Developing Islamic Economy: Case Study in Indonesia Rusydiana, Aam Slamet; Hidayat, Yayat; Widiastuti, Tika; Rahayu, Solihah Sari
al-Uqud : Journal of Islamic Economics Vol 5, No 1 (2021): January
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (365.751 KB) | DOI: 10.26740/al-uqud.v5n1.p43-59

Abstract

This study attempts to identify the causes and dominant factors that hinder the development of cash waqf in Indonesia, using the IFE-EFE Matrix and SWOT methods, while offering solutions to solve it. Based on the results of IFE analysis, the highest-rank of strengths is the ability of cash waqf in expanding the base of waqf fund sources followed by the ease and zero cost of funds. In comparison, the top weaknesses are the lack of socialisation to the community and the lack of professional nazhir human resources. The results of EFE analysis imply the highest-rank opportunity is the potential of unlimited cash waqf followed by the emergence of many sharia financial institutions and Islamic economics study programs in universities. Meanwhile, the top threat is a weak political will of authorities, followed by the majority of traditional nazhir. It is expected that there will be a joint commitment from various parties, both from policymakers and academics and practitioners to support and encourage efforts to develop the Islamic (social) finance industry, especially in developing cash waqf in Indonesia.
Determinants of Customer Preference to Save in Islamic Bank Afriani, Tia; Asandimitra, Nadia
al-Uqud : Journal of Islamic Economics Vol 4, No 1 (2020): January
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (538.608 KB) | DOI: 10.26740/al-uqud.v4n1.p1-17

Abstract

The widespread use of sharia products and instruments encourages society to save funds in sharia banks. The main purpose of this research is to test the effect of financial literacy, profit sharing, knowledge of customers, gender, age, education, income to saving decisions. The type of research is quantitative research by using a non-probability sampling method with snowball sampling and purposive sampling technique to get a sample of 230 respondents. The object of this research was sharia bank's customers in Surabaya. The data obtained by spreading the questionnaire online and offline contains 41 items of statement and question. The data analysis technique is multiple linear regression that calculated by software package used for the analysis of statistical data. The result found that financial literacy’s of customer has medium effect about 72.1% to their saving decision. The higher level of customer’s financial literacy increases their ability to manage finance and saving. Meanwhile, profit-sharing has an effect to saving decision, as the higher level of profit sharing will raise society’s interest for saving in sharia bank. Otherwise, customer knowledge and demographic factors (gender, age, education and income) have no effect to their saving decision.  
The Malaysian Fund Managers Perspective on the Viability of Takaful Operators Investment Muhamat, Amirul Afif; Jaafar, Mohamad Nizam; Karim, Norzitah Abdul; Roslan, Azreen; Basri, Mohd Faizal
al-Uqud : Journal of Islamic Economics Vol 4, No 2 (2020): July
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (450.202 KB) | DOI: 10.26740/al-uqud.v4n2.p250-267

Abstract

Takaful operators are expected by the policyholders to act beyond the role of traditional insurance companies that only offer Shariah-compliant protection services. They are expected to be commercially viable. One of the ways to be commercially viable is takaful operators must be able to invest the policyholders' funds in the profitable investment avenues. Nevertheless, the critical issue before investing the funds is to develop products that are suitable with the takaful operators' investment strategy. This study employed a questionnaire survey to gather the feedback of fund managers from 11 takaful operators in Malaysia — all were the senior staffs of takaful operators in Malaysia were surveyed. The questionnaire is developed in the form of a Likert scale ranging from 1 to 5 as the research instrument. By Delphi technique, the draft of the questionnaire was sent to a panel of experts for review, was adopted, and their feedback reflected in the final questionnaire. The experts were a shariah advisor, a corporate finance manager, and a senior executive at the central bank. Findings indicate that policyholders' expectations on their investments are met and the products so far compatible with takaful operators' investment strategies.
PENGARUH LITERASI KEUANGAN TERHADAP PEMILIHAN LAYANAN KEUANGAN SYARIAH Panghayo, Novia Ari; Musdhalifah, Musdhalifah
al-Uqud : Journal of Islamic Economics Vol 2, No 2 (2018): July
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26740/al-uqud.v2n2.p152-167

Abstract

This study aims to examine the influences of financial literacy which proxied by variables of education, income and knowledge on the selection of Sharia Financial Services in Jombang District. The data was primary data which obtained by method of spreading the questionnaire in the sub-districts with the largest moslem population in Jombang. Research period was in April to May 2017. Sampling method used is incidental sampling and analysis method used is Partial Least Square (PLS). The results of this study indicate that the level of education and income do not affect the selection of Sharia Financial Services in Jombang, while the level of knowledge affect the selection of Sharia Financial Services in Jombang. The implication of this research is that Sharia Financial Services in Jombang Regency is more influenced by knowledge variables, so the government is expected to increase the society insight through socialization about syariah financial literacy, and sharia products.
The Role of Religiosity and Spirituality on Impulsive Buying Maryati, Wiwik; Hartini, Sri; Premananto, Gancar Candra
al-Uqud : Journal of Islamic Economics Vol 5, No 1 (2021): January
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (401.476 KB) | DOI: 10.26740/al-uqud.v5n1.p119-150

Abstract

This article aims to analyze religiosity and spirituality's roles to prevent the impulsivity of buying. Impulse buying is an irrational, unplanned, spontaneous buying behavior aimed to seek pleasure and emotional fulfillment. The research method is a literature study of journals related to religiosity and spirituality in customer decision making. The study results concluded that several factors cause impulsive buying, such as less self-control, hedonic lifestyle, and materialism. Furthermore, there are significant roles of religiosity and spirituality in encouraging robust self-regulation to prevent impulse buying. The higher a person's religiosity and spirituality, the better they build powerful self-control for impulse buying. This research is expected to contribute research in consumer behavior with an approach of religiosity and spirituality. 
COMPARISON AND PREDICTING FINANCIAL PERFORMANCE OF ISLAMIC AND CONVENTIONAL BANKS IN INDONESIA TO ACHIEVE GROWTH SUSTAINABILITY Fakhri, Ulumuddin Nurul; Anwar, Saiful; Ismal, Rifki; Ascarya, Ascarya
al-Uqud : Journal of Islamic Economics Vol 3, No 2 (2019): July
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (257.574 KB) | DOI: 10.26740/al-uqud.v3n2.p174-187

Abstract

Islamic banking fall on stagnation of financial performance in 2011 after successfully overcoming the financial crisis in 1998 and 2008, as though the Islamic banking sector had only run in place and had no clear purpose in developing the Islamic finance business. The purpose of this study is to clarify the variables that predispose financial performance, as well as predict the decrease and increase of financial performance. This study uses an Artificial Neural Network (ANN) model to find out the variables that affect financial performance and predict the decrease and increase of financial performance of sharia and conventional banking for the next five months. This research generates the variables which affect the financial performance of sharia banking and the prediction of financial performance over the next five months. The variables which affect the level of financial performance of sharia banking affected dominantly by inflation, although the results of conventional banking are the same but not too significant. This shows that sharia banking CBGB (Commercial Bank – Group of Business) 2 is very vulnerable with macroeconomic factors compared with conventional banking. ANN predictions produce an average of 80% success in predicting performance over the next five months.
ANALISIS STRATEGI DAN EVALUASI KINERJA PENGENTASAN KEMISKINAN DALAM PROGRAM PEMBANGUNAN DESA PERSPEKTIF EKONOMI MIKRO ISLAM Zakiyah, Zakiyah; Maulida, Atika Zahra
al-Uqud : Journal of Islamic Economics Vol 1, No 1 (2017): Januari
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (111.09 KB) | DOI: 10.26740/al-uqud.v1n1.p1-13

Abstract

The purpose of this study is for knowing the strategy of economic development in the village used in poverty reduction particularly in Nagara, Hulu Sungai Selatan, reviewed in perspective of micro Islam economic.The method of this research is qualitative research with the descriptive approach. Where data used is the primary data and secondary data.The results of this research are to improve the availability of distribution and expansion of various daily needs products such as health, food and clothing. Improved the life that is not only for the income, but also includes the addition of the provision of employment, improved the quality of education, and increased the cultural values and humanity. The expansion of economic and social to every individu and the whole nation. Rural development program understanding how to implement and empowering communities in any development activities, facilities, and infrastructures with a did the creativity trainings that aimed to ealleviate poverty.
How Islamic Bank Managing Risk? An Emphasis on Anticipating Financial Crisis Viphindrartin, Sebastiana; Zainuri, Zainuri; Anugrah, Muhammad Zilmi
al-Uqud : Journal of Islamic Economics Vol 4, No 2 (2020): July
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (293.556 KB) | DOI: 10.26740/al-uqud.v4n2.p208-217

Abstract

The global economic crisis in 2008 shocked and pressured Indonesian macroeconomic and financial system stability. The decline in macroeconomic stability has an impact on banking policy in lending. Most banks in the world respond to the crisis by doing credit rationing, but how about Islamic bank response toward this condition in Indonesia? Therefore, this study aims to examine the effect of Capital Adequacy Ratio (CAR) and macroeconomic variables on the amount of Islamic banking financing in Indonesia. The method used in this study is the SVAR (Structural Vector Auto Regression) analysis method. The results showed that inflation, capital, and CAR variables had a significant effect on Islamic bank’s financing amount. In contrast, GDP had no significant impact on Islamic bank’s financing amount which means that Islamic banking in Indonesia was not implemented pro-cyclical based lending policy.

Page 3 of 17 | Total Record : 162

 1   2   3   4   5 

Filter by Year

2017 2023


Reset
Filter By Issues
All Issue Vol. 7 No. 2 (2023): July (Article in Progress) Vol. 7 No. 1 (2023): January Vol. 6 No. 2 (2022): July Vol. 6 No. 1 (2022): January Vol. 5 No. 2 (2021): July Vol 5, No 2 (2021): July Vol 5, No 1 (2021): January Vol. 5 No. 1 (2021): January Vol. 4 No. 2 (2020): July Vol 4, No 2 (2020): July Vol. 4 No. 1 (2020): January Vol 4, No 1 (2020): January Vol 3, No 2 (2019): July Vol. 3 No. 2 (2019): July Vol 3, No 1 (2019): January Vol. 3 No. 1 (2019): January Vol. 2 No. 2 (2018): July Vol 2, No 2 (2018): July Vol 2, No 1 (2018): January Vol. 2 No. 1 (2018): January Vol. 1 No. 2 (2017): July Vol 1, No 2 (2017): July Vol 1, No 1 (2017): Januari Vol. 1 No. 1 (2017): Januari More Issue