Shirkah: Journal of Economics and Business
Syirkah: Jurnal Ekonomi dan Bisnis adalah jurnal peer-review yang diterbitkan tiga kali setahun (April, Agustus, dan Desember) oleh Fakultas Ekonomi Islam dan Bisnis Institut Agama Islam Negeri (IAIN) Surakarta Jawa Tengah Indonesia bekerja sama dengan Perhimpunan Indonesia Ekonom Islam (lihat naskah MoU ). Jurnal ini dimaksudkan untuk menjadi platform diseminasi artikel yang melaporkan hasil penyelidikan ilmiah tentang Ekonomi dan Bisnis Islam. Jurnal ini memfokuskan pembahasannya pada bidang keuangan Islam, filantropi Islam, pemikiran ekonomi Islam, dan pemasaran Islam (lihat Fokus & Ruang Lingkup ).
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<![CDATA[Islamic Social Reporting Disclosure of Sharia Commercial Banks in Indonesia: A Form of Social Responsibility ]]>
<![CDATA[Riduwan, Riduwan]]>;
<![CDATA[Mutmainah, Lu’liyatul]]>;
<![CDATA[Wahyudi, Rofiul]]>
<![CDATA[ Shirkah: Journal of Economics and Business Vol 5, No 3 (2020) ]]>
Publisher : <![CDATA[IAIN Surakarta ]]>
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DOI: 10.22515/shirkah.v5i3.336
<![CDATA[Sharia industry development encourages experts to design Corporate Social Responsibility (CSR) disclosure index that is more compatible with the characteristics of sharia-based corporate. However, studies examining CSR disclosure using Islamic Social Reporting (ISR) index that focuses on detailed results of content analysis from time to time still remains a paucity of evidence. Hence, this study aims to examine the practice of Islamic Social Reporting disclosure of sharia commercial banks in Indonesia. Drawing on the data obtained from CSR reports established by sharia banks in Indonesia, the results of content analysis disclosed that the ISR disclosure showed a fluctuating trend. It was also revealed that the six themes of ISR index have not been optimally disclosed. ISR disclosures of sharia banks in Indonesia were categorized as good since the average disclosure reached 50% in 2015 up to 2017, especially the corporate governance disclosure. This study’s results imply that it is necessary to increase the disclosures that can be strengthened by regulations from financial regulators and Islamic banking associations to increase public trust and value-added of sharia commercial banks. This study contributes to the development of sharia banks as fruitful insights on policy recommendations for Islamic banks' top management.]]>
<![CDATA[Concentration and Specialization of Economic Activities in the Kingdom of Saudi Arabia ]]>
<![CDATA[Abdelkader, Salim Bourchid]]>;
<![CDATA[M'hamed, Hamidouche]]>;
<![CDATA[Zian, Abderrazak Ahmed]]>
<![CDATA[ Shirkah: Journal of Economics and Business Vol 5, No 3 (2020) ]]>
Publisher : <![CDATA[IAIN Surakarta ]]>
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DOI: 10.22515/shirkah.v5i3.348
<![CDATA[This study presents several indicators for understanding the structure of economic activities in terms of concentration and specialization in the Kingdom of Saudi Arabia. Subsequently, the theoretical description of the different notions of concentration and specialization relating to geographical or sectors aspect is applied to understand the equality in the distribution of wages and employment levels across the country. Thus, the authors have estimated the most important indexes used in a large part of the academic literature and which are most representative of concentration and distribution, such as the Gini, Herfindahl, Theil, Aigiur, and Krugman indexes for the Kingdom of Saudi Arabia during the year of 2017. The sample used in this study consists of four different kinds of firms (very small, small, medium, and large) of twelve sectors of activities and the wages perceived by employees in thirteen administrative areas in the Kingdom of Saudi Arabia. The data are in the forms of annual reports in the year of 2017 obtained from the General Authority for Statistics of Saudi Arabia. The results obtained certainly facilitate the comprehension of the type of income distribution to the active population by sectors and by administrative areas. As for the implication, this study’s results contribute to enrich statistical data and bring added-value to the knowledge that eventually leads to understanding socioeconomic context of the country.]]>
<![CDATA[Islamic Economics Development in Indonesia: Reflection on Contemporary Thoughts of Muslim Intellectuals ]]>
<![CDATA[Abidin, Zainal]]>
<![CDATA[ Shirkah: Journal of Economics and Business Vol 5, No 3 (2020) ]]>
Publisher : <![CDATA[IAIN Surakarta ]]>
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DOI: 10.22515/shirkah.v5i3.345
<![CDATA[This study aims to establish the record of accomplishment of the strong hallmark of Islamic economic thought and its contribution to economic development. The ideas rooted from the Muslim intellectuals in Indonesia, the scholars of the State Islamic Religious Colleges (PTKIN) as institutions mandated in developing Islamic economics and human resources, were discussed to outline the multifaceted phenomenon of Islamic economic development. This study scrutinizes ideas conveyed in internationally reputed, Sinta 1-indexed, Web of Science-indexed, or Scopus-indexed journals. This study outlined a qualitative approach in the form of library research using content analysis. This study disclosed that Indonesian Muslim intellectuals brought to light the issue of zakah excessing other themes in the Islamic economy as the solution to perennial problems of the social, political, and cultural conditions of Indonesian society. The results of this study contribute to the views of Islamic economic concept and practice as insights and references of its continuous development in Indonesia.]]>
<![CDATA[Institutional Quality and Sukuk Development: A Study of Five OIC Countries ]]>
<![CDATA[Basyariah, Nuhbatul]]>;
<![CDATA[Kusuma, Hadri]]>;
<![CDATA[Qizam, Ibnu]]>
<![CDATA[ Shirkah: Journal of Economics and Business Vol 5, No 3 (2020) ]]>
Publisher : <![CDATA[IAIN Surakarta ]]>
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DOI: 10.22515/shirkah.v5i3.335
<![CDATA[The objective of this study is to shed some light on the effect of institutional quality on the development of the global sukuk market. Specifically, this study examines the impacts of the institutional quality that adopts three dimensions of the Worldwide Governance Indicators (WGI), i.e., Rule of Law (RL), Regulatory Quality (RQ), and Government effectiveness (GE) on the global sukuk development of the top-five countries of sukuk issuance, i.e., Malaysia, Kingdom of Saudi Arabia, United Arab Emirates, Indonesia, and Bahrain. Drawing on a quantitative study with the data in the forms of global sukuk issuance from 2002 to 2017, panel-data regression (OLS) and General Method of Moment (GMM) were applied. This study showed that RL and GE have a significantly positive effect on sukuk issuance; however, RQ did not influence the development of the global sukuk market. These results imply that a country that is capable to maintain the institutional quality, especially in terms of rule of law and government effectiveness, will most likely be the country that can successfully develop the sukuk market. These results play a crucial role in filling a research gap among previous studies and provide an empirical evidence of the government’s role and its influence on the sukuk development.]]>
<![CDATA[Indonesian Islamic Commercial Banks’ Efficiency: A Stochastic Frontier Analysis ]]>
<![CDATA[Rusmita, Sylva Alif]]>;
<![CDATA[Putri, Devy Ariesta]]>
<![CDATA[ Shirkah: Journal of Economics and Business Vol 5, No 3 (2020) ]]>
Publisher : <![CDATA[IAIN Surakarta ]]>
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DOI: 10.22515/shirkah.v5i3.283
<![CDATA[Islamic banks in Indonesia are continuously experiencing a rapid growth; thus, it results in a competitive financial sector. Consequently, maintaining an excellent performance is a prerequisite to gain customers’ trust and loyalty, one of the ways is enhancing productivity and efficiency performance. Drawing on this issue, the present study aims to examine the efficiency of Islamic banks listed in the Financial Services Authority (OJK) in the period of 2015 to 2019. Employing Stochastic Frontier Analysis (SFA) as a parametric approach, this study measured the efficiency level of cost and profit efficiency of the Indonesian Islamic commercial banks. The data were a cross-section and panel data obtained from financial reports established by seven Indonesian Islamic commercial banks. The result of frontier analysis on the efficiency costs showed that the value of sharia banks’ average efficiency in Indonesia was approximately 93.41%, while the efficiency of profit resulted in 55.35%. These results suggest that Islamic banks tend to be efficient in controlling costs from the year of 2015 to 2019. It is a worth saying that this study’s results contribute to providing fruitful insights for Islamic banks to increase their efficiency by controlling their cost of production such as the cost of funds and cost of operation.]]>
<![CDATA[Performance of GoFood MSEs Partnership: An Integration of Entrepreneurial Orientation, Marketing Capabilities, and Brand Orientation ]]>
<![CDATA[Prastiwi, Septi Kurnia]]>;
<![CDATA[Rohimat, Asep Maulana]]>
<![CDATA[ Shirkah: Journal of Economics and Business Vol 5, No 3 (2020) ]]>
Publisher : <![CDATA[IAIN Surakarta ]]>
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DOI: 10.22515/shirkah.v5i3.337
<![CDATA[The current application of Gojek with its GoFood feature can serve the function as promotion media to consumers at the maximum extent for the Micro and Small Enterprises (MSEs) in the culinary business. Nevertheless, not all have been able to experience the improvement of this business performance in terms of the new application feature. Therefore, this study aims at investigating and analyzing the role of entrepreneurial orientation, marketing capability, and brand orientation to improve the performance of GoFood partnering SMEs. There were 112 samples of business partners in Surakarta participated in this study. The data analysis technique was by SEM using the application of AMOS 2.4. The research findings provide a conclusion that there is a significant effect of entrepreneurial orientation on marketing capabilities, brand orientation, and business performance. However, marketing capability and brand orientation were not proven to improve business performance; similarly, the mediation of entrepreneurial orientation through marketing capability and brand orientation was not supportive of business performance development. This study provides an actual contribution to the performance improvement of MSEs entrepreneurs through the digital application as an innovation and creativity of business players.]]>
<![CDATA[Performance of GoFood MSEs Partnership: An Integration of Entrepreneurial Orientation, Marketing Capabilities, and Brand Orientation ]]>
<![CDATA[Septi Kurnia Prastiwi]]>;
<![CDATA[Asep Maulana Rohimat]]>
<![CDATA[ Shirkah: Journal of Economics and Business Vol 5, No 3 (2020) ]]>
Publisher : <![CDATA[IAIN Surakarta ]]>
Show Abstract
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Download Original
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Original Source
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Check in Google Scholar
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Full PDF (927.873 KB)
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DOI: 10.22515/shirkah.v5i3.337
<![CDATA[The current application of Gojek with its GoFood feature can serve the function as promotion media to consumers at the maximum extent for the Micro and Small Enterprises (MSEs) in the culinary business. Nevertheless, not all have been able to experience the improvement of this business performance in terms of the new application feature. Therefore, this study aims at investigating and analyzing the role of entrepreneurial orientation, marketing capability, and brand orientation to improve the performance of GoFood partnering SMEs. There were 112 samples of business partners in Surakarta participated in this study. The data analysis technique was by SEM using the application of AMOS 2.4. The research findings provide a conclusion that there is a significant effect of entrepreneurial orientation on marketing capabilities, brand orientation, and business performance. However, marketing capability and brand orientation were not proven to improve business performance; similarly, the mediation of entrepreneurial orientation through marketing capability and brand orientation was not supportive of business performance development. This study provides an actual contribution to the performance improvement of MSEs entrepreneurs through the digital application as an innovation and creativity of business players.]]>
<![CDATA[Islamic Social Reporting Disclosure of Sharia Commercial Banks in Indonesia: A Form of Social Responsibility ]]>
<![CDATA[Riduwan Riduwan]]>;
<![CDATA[Lu’liyatul Mutmainah]]>;
<![CDATA[Rofiul Wahyudi]]>
<![CDATA[ Shirkah: Journal of Economics and Business Vol 5, No 3 (2020) ]]>
Publisher : <![CDATA[IAIN Surakarta ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (649.238 KB)
|
DOI: 10.22515/shirkah.v5i3.336
<![CDATA[Sharia industry development encourages experts to design Corporate Social Responsibility (CSR) disclosure index that is more compatible with the characteristics of sharia-based corporate. However, studies examining CSR disclosure using Islamic Social Reporting (ISR) index that focuses on detailed results of content analysis from time to time still remains a paucity of evidence. Hence, this study aims to examine the practice of Islamic Social Reporting disclosure of sharia commercial banks in Indonesia. Drawing on the data obtained from CSR reports established by sharia banks in Indonesia, the results of content analysis disclosed that the ISR disclosure showed a fluctuating trend. It was also revealed that the six themes of ISR index have not been optimally disclosed. ISR disclosures of sharia banks in Indonesia were categorized as good since the average disclosure reached 50% in 2015 up to 2017, especially the corporate governance disclosure. This study’s results imply that it is necessary to increase the disclosures that can be strengthened by regulations from financial regulators and Islamic banking associations to increase public trust and value-added of sharia commercial banks. This study contributes to the development of sharia banks as fruitful insights on policy recommendations for Islamic banks' top management.]]>
<![CDATA[Concentration and Specialization of Economic Activities in the Kingdom of Saudi Arabia ]]>
<![CDATA[Salim Bourchid Abdelkader]]>;
<![CDATA[Hamidouche M'hamed]]>;
<![CDATA[Abderrazak Ahmed Zian]]>
<![CDATA[ Shirkah: Journal of Economics and Business Vol 5, No 3 (2020) ]]>
Publisher : <![CDATA[IAIN Surakarta ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (1296.571 KB)
|
DOI: 10.22515/shirkah.v5i3.348
<![CDATA[This study presents several indicators for understanding the structure of economic activities in terms of concentration and specialization in the Kingdom of Saudi Arabia. Subsequently, the theoretical description of the different notions of concentration and specialization relating to geographical or sectors aspect is applied to understand the equality in the distribution of wages and employment levels across the country. Thus, the authors have estimated the most important indexes used in a large part of the academic literature and which are most representative of concentration and distribution, such as the Gini, Herfindahl, Theil, Aigiur, and Krugman indexes for the Kingdom of Saudi Arabia during the year of 2017. The sample used in this study consists of four different kinds of firms (very small, small, medium, and large) of twelve sectors of activities and the wages perceived by employees in thirteen administrative areas in the Kingdom of Saudi Arabia. The data are in the forms of annual reports in the year of 2017 obtained from the General Authority for Statistics of Saudi Arabia. The results obtained certainly facilitate the comprehension of the type of income distribution to the active population by sectors and by administrative areas. As for the implication, this study’s results contribute to enrich statistical data and bring added-value to the knowledge that eventually leads to understanding socioeconomic context of the country.]]>
<![CDATA[Islamic Economics Development in Indonesia: Reflection on Contemporary Thoughts of Muslim Intellectuals ]]>
<![CDATA[Zainal Abidin]]>
<![CDATA[ Shirkah: Journal of Economics and Business Vol 5, No 3 (2020) ]]>
Publisher : <![CDATA[IAIN Surakarta ]]>
Show Abstract
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Download Original
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Original Source
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Check in Google Scholar
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Full PDF (539.99 KB)
|
DOI: 10.22515/shirkah.v5i3.345
<![CDATA[This study aims to establish the record of accomplishment of the strong hallmark of Islamic economic thought and its contribution to economic development. The ideas rooted from the Muslim intellectuals in Indonesia, the scholars of the State Islamic Religious Colleges (PTKIN) as institutions mandated in developing Islamic economics and human resources, were discussed to outline the multifaceted phenomenon of Islamic economic development. This study scrutinizes ideas conveyed in internationally reputed, Sinta 1-indexed, Web of Science-indexed, or Scopus-indexed journals. This study outlined a qualitative approach in the form of library research using content analysis. This study disclosed that Indonesian Muslim intellectuals brought to light the issue of zakah excessing other themes in the Islamic economy as the solution to perennial problems of the social, political, and cultural conditions of Indonesian society. The results of this study contribute to the views of Islamic economic concept and practice as insights and references of its continuous development in Indonesia.]]>
