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THE INFLUENCE OF INFLATION, EXCHANGE RATES, CAR AND NPF TO STABILITY OF ISLAMIC BANKS IN INDONESIA PERIOD 2015-2019 L.P., Gumilang Budi; Kusnendi, Kusnendi; Utami, Suci Aprilliani
IQTISHODUNA: Jurnal Ekonomi Islam Vol 9 No 1 (2020): April
Publisher : Program Studi Ekonomi Islam Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Syarifuddin Lumajang

This study aims to see the extent of the influence of the level of Inflation (CPI), Exchange Rate (kurs), Capital Adequacy Ratio (CAR) and Non Performing Financing (NPF) on the Stability of Islamic Banks in Indonesia Period 2015-2019. To support research, we use the Vector Error Correction Model (VECM) methodology. VECM test results show that in the short term the significant effect on the level of stability are Kurs and CAR, with the direction of a negative relationship (reducing the level of stability). Meanwhile, in the long term the significant effect on the level of stability are inflation and Kurs with the direction of a negative relationship (reducing the level of stability). From the results of this study it can be concluded that the macroeconomic variables significantly affect the stability of Islamic banking, therefore the government has an important role in controlling macroeconomic turmoil to maintain Islamic banking stability. Besides that, the internal variables of the banking sector are considered to have no significant effect partially, therefore it is necessary to conduct further research with a variety of internal factors in the banking industry to prove their effects on the stability of Islamic banking

Riba Threat in al-Quran and Economic Crises Mohd Shahid bin Mohd Noh
IQTISHODUNA: Jurnal Ekonomi Islam Vol 9 No 1 (2020): April
Publisher : Program Studi Ekonomi Islam Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Syarifuddin Lumajang

Every threat said by Allah in the Holy Al-Quran is definitive and could not be denied by human’s logical think and their limited effort. The threat that clearly stated in verse 279 Surah al-Baqarah to those riba practitioner, should bring its own interpretations and meanings that were justified by scholars and modern experts This paper relies on secondary sources from several books of tafsir, explainations of related contemporary Islamic scholars and also views from economic experts pertinent to riba practice implications that hit world economy so far, in effort to establish a linkage between them with the word of ‘harb’ as revealed in the verse. Hence, this paper finds that riba as practices widely in modern conventional banking system had brought negative impacts on economic sectors where it simultaneously effected on human activities. The term of inflation, deflation, recession and crisis always been heard and said since the early of 20th century until today

Profit Loss Sharing (PLS) and Its Implementation in Indonesian Islamic Banking Muhammad Anwar Fathoni; Suryani Suryani
IQTISHODUNA: Jurnal Ekonomi Islam Vol 9 No 1 (2020): April
Publisher : Program Studi Ekonomi Islam Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Syarifuddin Lumajang

Writing this article aims to determine the concept of Profit Loss Sharing (PLS) and its implementation in Indonesian Islamic banking. The data used in this article is sourced from secondary data from books, scientific journals, sharia banking statistical data released by the Financial Services Authority (OJK) and other sources relevant to the focus of the discussion. The author finds that the application of the concept of profit loss sharing in mixing agreements is the antithesis of the concept of interest which has dominated the banking world. However, in practice, not all Islamic banking applies this concept. Even Islamic banking in Indonesia is more likely to choose revenue sharing to safeguard the interests of its customers. The author only uses secondary data to measure the implementation of PLS in Islamic banking, so that further research will be better if conducting primary data mining to get a broader picture related to the theme of the article.

The Influence of Inflation, Exchange Rates, CAR and NPF to Stability of Islamic Banks in Indonesia Period 2015-2019 Gumilang Budi L.P.; Kusnendi Kusnendi; Suci Aprilliani Utami
IQTISHODUNA: Jurnal Ekonomi Islam Vol 9 No 1 (2020): April
Publisher : Program Studi Ekonomi Islam Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Syarifuddin Lumajang

This study aims to see the extent of the influence of the level of Inflation (CPI), Exchange Rate (kurs), Capital Adequacy Ratio (CAR) and Non Performing Financing (NPF) on the Stability of Islamic Banks in Indonesia Period 2015-2019. To support research, we use the Vector Error Correction Model (VECM) methodology. VECM test results show that in the short term the significant effect on the level of stability are Kurs and CAR, with the direction of a negative relationship (reducing the level of stability). Meanwhile, in the long term the significant effect on the level of stability are inflation and Kurs with the direction of a negative relationship (reducing the level of stability). From the results of this study it can be concluded that the macroeconomic variables significantly affect the stability of Islamic banking, therefore the government has an important role in controlling macroeconomic turmoil to maintain Islamic banking stability. Besides that, the internal variables of the banking sector are considered to have no significant effect partially, therefore it is necessary to conduct further research with a variety of internal factors in the banking industry to prove their effects on the stability of Islamic banking

Development Strategy for Micro, Small, and Medium Enterprises through Islamic Financial Inclusion Novatul Isrowiyah; Warno Warno; Rahman El Junusi
IQTISHODUNA: Jurnal Ekonomi Islam Vol 9 No 1 (2020): April
Publisher : Program Studi Ekonomi Islam Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Syarifuddin Lumajang

This study calculates and analyzes the Islamic financial inclusion index which covers three dimensions; accessibility, availability, and usage of sharia banking. The results showed that the level of Islamic financial inclusion in Indonesia was classified as low during the study period and DKI Jakarta Province was the most inclusive province in Indonesia. Furthermore, this study analyzes the effect of the Islamic financial inclusion index on Islamic financing channeled to Micro, Small and Medium Enterprises (MSMEs) in Indonesia. Using the saturated sampling method, a total of 33 provinces in Indonesia were selected as samples with an observation period. The results show that the Islamic Financial Inclusion Index (IIK) has a significant positive effect on sharia financing channeled to the MSME sector, one of the regions that appears to be growing faster than other regions is Aceh. This research is different from previous financial sector inclusiveness studies that still see and study conventional (non-sharia) financial inclusion and find out the impact of sharia financial inclusion based on sharia financial inclusion indexes on sharia financing distributed to Micro, Small and Medium Enterprises in Indonesia and discuss comprehensively for MSME.

Shariah Compliance Analysis of Islamic Crowdfunding: Case Study of ethiscrowd.com Ayu Yuningsih; Rifqi Muhammad
IQTISHODUNA: Jurnal Ekonomi Islam Vol 9 No 1 (2020): April
Publisher : Program Studi Ekonomi Islam Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Syarifuddin Lumajang

This paper aims to analyze the mechanism and implementation of crowdfunding on ethiscrowd.com and the evaluation of shariah compliance. Based on the parameters of shariah compliance proposed by Rosly (2010) it can be seen that the implementation of shariah crowdfunding of ethiscrowd.com has fulfilled the three parameters of shariah compliance namely ‘aqd, maqasid al-shariah and legal documentation. Meanwhile, in the case of financial and accounting reporting disclosed the ethiscrowd.com is not yet not fulfilling existing of regulations, where crowdfunding companies should publish detailed financial reports. The management of ethiscrowd.com only publishes project development reports funded by investors. This is because there is no specific provision for disclosing financial reporting and accounting for financial technology companies, especially those engaged in equity crowdfunding.

Impact of Sharia Tourism Development in Pringsewu Regency Lampung Basrawi Basrowi; Fauzi Fauzi; Pertiwi Utami
IQTISHODUNA: Jurnal Ekonomi Islam Vol 9 No 1 (2020): April
Publisher : Program Studi Ekonomi Islam Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Syarifuddin Lumajang

The purpose of this study was to describe the opportunities for sharia tourism in Pringsewu Regency by referring to the Law and Fatwa of the National Sharia Council. The research method used is empirical legal research which aims to support the development of legal science, especially sharia law related to halal tourism. Data is collected through documented observation. Examination of the validity of the data by using data source triangulation techniques is done by comparing the results of observational data with the results of related documents, and data analysis through data reduction, data presentation and conclusion drawing. Based on the results of the study concluded, 1) sharia tourism is very possible to be developed in Lampung Province, because formal juridical is not at all contradictory and Law No.33 of 2013 concerning Guaranteed Halal Products; 2) also does not contradict the Fatwa of the National Sharia Council-Indonesian Ulema Council No.108 / DSN-MUI / X / 2016 towards the development of sharia tourism.

Remain Results of Network Retail Transactions: Potential Charity in Indonesia Muhammad Al Faridho Awwal; Dewi Wahyu Setyo Rini
IQTISHODUNA: Jurnal Ekonomi Islam Vol 9 No 1 (2020): April
Publisher : Program Studi Ekonomi Islam Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Syarifuddin Lumajang

In the modern market or what is usually known as retail chains, most goods are sold with non-rounded price which creates price differences that cannot be translated into any physical value of printed money. The accumulated price differences are usually donated into charities which are managed by certain companies. However, it makes people worried about any indications of management overlap between charity donations and Corporate Social Responsibility (CSR) due to the intransparency of datas in terms of their financial managements.Not to mention, the unfair distribution of the donation money only resulted into donation receipients that are very centralized in some areas. Therefore, using conceptual research method with qualitative datas and strong references we try to observe this problem so that this uneasiness of the society about any overlap of CSR distribution and the charity money from consumers can be put into rest.

The Model of Islamic Boarding School Economic Development In Hidayatullah Islamic Boarding School Mataram City and Darussalam West Lombok Mawardi Saleh; Lalu Agus Satriawan
IQTISHODUNA: Jurnal Ekonomi Islam Vol 9 No 1 (2020): April
Publisher : Program Studi Ekonomi Islam Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Syarifuddin Lumajang

In its historical setting pondok pesantren (islamic boarding school) present in the form of traditional educational institutions whose activities are more focused on the study of religious books and the organization of religious education. But since the 1970s Islamic boarding school began to evolve and organize public education, involved in social activities even in the economic field. Witnessing this phenomenon, it was felt necessary to conduct a study of the Islamic boarding school economic development model in pondok pesantren Hidayatullah, Mataram City and pondok pesantren Darussalam in West Lombok. The focus of the study is twofold: the potentials of the pondok pesantren and the Islamic boarding school economic development model. The results of the study are: (1) The economic potentials owned by Hidayatullah and Darussalam boarding schools are the leadership, students, teachers and education activities, (2) The economic development model carried out by Hidayatullah and Darussalam is an integrated model realized in the form of a top down model and bottom up the model that both models work by combining the strength of the leadership element with the strength of the element of asatidz and santri

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Nurhafid Ishari

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hafid.ishari@gmail.com

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Journal Mail Official
jurnaliqtishoduna@gmail.com

Editorial Address
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Location
Kab. lumajang,

Jawa timur

INDONESIA

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Home Page

OAI Link

Editorial Team

Contact

Reviewer

Google Scholar

Contact Name Nurhafid Ishari

Contact Email hafid.ishari@gmail.com

Phone -

Journal Mail Official jurnaliqtishoduna@gmail.com

Editorial Address -

Location Kab. lumajang, Jawa timur INDONESIA

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Contact Name
Nurhafid Ishari

Contact Email
hafid.ishari@gmail.com

Phone
-

Journal Mail Official
jurnaliqtishoduna@gmail.com

Editorial Address
-

Location
Kab. lumajang,

Jawa timur

INDONESIA