International Journal of Islamic Economics
Focus and Scope International Journal of Islamic Economics (IJIE) is an Islamic Economics journal published by the Postgraduate of IAIN Metro Lampung Indonesia. FOCUS This journal focused on Islamic economics, finance, and management studies through the publication of articles, research reports, and book reviews. SCOPE IJIE specializes in Islamic economics, finance, and managament related studies and is intended to communicate original research and current issues on the subject. This journal welcomes contributions from scholars of related disciplines.
Articles
44 Documents
<![CDATA[Zakat versus Taxation as Islamic Fiscal Policy Tool ]]>
<![CDATA[Samsad Jahan]]>
<![CDATA[ Jurnal Internasional Ekonomi Islam Vol 3 No 01 (2021): International Journal of Islamic Economics ]]>
Publisher : <![CDATA[The Postgraduate of Institut Agama Islam Negeri Metro Lampung ]]>
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DOI: 10.32332/ijie.v3i1.3129
<![CDATA[Linking Islamic instrument like zakah with social responsibility and economic growth is an area which is often unspoken. As such, this research intends to find out the potential challenges zakah can face while it is used as fiscal policy tool which has link with Islamic socially responsible financing to economic growth to poverty alleviation mentioning few. Though many Muslim based countries using Tax as an alternative tool for government earning, zakah as a tool has broader spectrum from having impact on economic development to the role as an instrument for Islamic socially responsible finance. This research uses qualitative paradigm to analyze the literature. The research is based on a desk-based research. The findings of this research prove that there are challenges to establish zakah as prescribed in the revealed text which can be minimized through different actions. It is projected that properly executed plan to manage zakah could be used as an instrument of fiscal policy as well as an Islamic socially responsible financing instrument.]]>
<![CDATA[THE ROLE OF ISLAMIC FINANCIAL INSTITUTIONS IN SOCIAL INTERMEDIARY SERVICES : EVIDENCE IN METRO CITY ]]>
<![CDATA[Fitri Kurniawati]]>
<![CDATA[ Jurnal Internasional Ekonomi Islam Vol 2 No 01 (2020): International Journal of Islamic Economics ]]>
Publisher : <![CDATA[The Postgraduate of Institut Agama Islam Negeri Metro Lampung ]]>
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DOI: 10.32332/ijie.v2i01.2309
<![CDATA[Islamic financial institutions are expected to be able to implement their roles as financial intermediaries and social intermediaries. But what happened in the city of Metro, the dominance of the contract on the practice of Islamic financial institutions only felt the benefits for the upper middle class. Besides that, innovative products that have not been able to reach the majority of the community are not optimal yet, where in the aggregate most of them are Muslims. So that the presence of Islamic financial institutions is considered the same as conventional, because it has not been able to answer the fundamental problems of society. Due to the limitations of researchers, the Islamic financial institutions that will be examined in this study are some Baitul Maal Wat Tamwil in Metro City. This research was conducted to analyze the strategies, procedures and product development of Islamic financial institutions in their role of social intermediation. Research is a field research with a descriptive analytical approach. Data collected using interview and documentation methods. Primary data was obtained from Islamic financial institutions (BMT) as social intermediaries in the community, namely the management and members of BMT. Secondary data were obtained from journals, research reports, books and articles. The analysis technique begins with data collection and reduction, data presentation and conclusion drawing. The results of this study are the role of Islamic financial institutions in social intermediation, namely as an intermediary that connects the aghniya and dhu'afa. The implementation procedure does not directly get commercial financing, but educational services using the tabarru agreement 'with social funds. Product development strategy, namely: establishing a special division in Islamic financial institutions and collaborating with social institutions around.]]>
<![CDATA[Cash Waqf As Source Of Funding For Financial Technology Startups ]]>
<![CDATA[Siti Nurjanah]]>;
<![CDATA[Uswatun Hasanah]]>
<![CDATA[ Jurnal Internasional Ekonomi Islam Vol 3 No 01 (2021): International Journal of Islamic Economics ]]>
Publisher : <![CDATA[The Postgraduate of Institut Agama Islam Negeri Metro Lampung ]]>
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DOI: 10.32332/ijie.v3i1.3467
<![CDATA[Productive management of cash waqf can be used as a new strategy to alleviate poverty and create prosperity for the community if it is managed properly and properly and can support economic stability. Cash waqf opens up unique opportunities to create investment to provide religious services, educational services and social services. Cash waqf is very potential but not popular, causing the role of cash waqf not yet optimal. Cash waqf in Indonesia has been legalized by national law and MUI. This is a positive opportunity to develop the economy, education and become a better instrument of community welfare, but there is still little understanding of the importance of cash waqf for development so that a stimulus is needed so that cash waqf management can be developed productively supported by financial technology, in the economic era 4.0 the majority of the use of digitizing economy, endowment money is used as capital for businesses, especially for companies with the ultimate goal of business empowerment community for are generally SMEs and companies startup through platform crowdfunding.]]>
<![CDATA[Al-Magrizi Inflation Theory Of Islamic Monetary Policy Implementation In Indonesia ]]>
<![CDATA[Ridan Muhtadi]]>;
<![CDATA[Safarinda Imani]]>
<![CDATA[ Jurnal Internasional Ekonomi Islam Vol 2 No 02 (2020): International Journal of Islamic Economics ]]>
Publisher : <![CDATA[The Postgraduate of Institut Agama Islam Negeri Metro Lampung ]]>
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DOI: 10.32332/ijie.v2i2.2097
<![CDATA[During the time of Imam al-Magrizi (766-845 H), inflation had occurred in Egypt. Al-Magrizi shows about the theory of inflation. Inflation becomes a discourse that studied heavily in the subject of the economy. Al-Magrizi is an Islamic economic thought who did a particular study of money and inflation. The paper focused on al-Magrizi inflation theory caused by two factors, namely natural factors and human error factors. To solve these factors, a nation could apply Islamic monetary policy to Umar Chapra's thought, namely a credit-oriented (financing) location as a solution of natural factor theory. Also, moral suasion or moral appeals as a solution to the human factor inflation theory.]]>
<![CDATA[Financial Ratio Analysis of Sharia Bank in Indonesia ]]>
<![CDATA[Esty Apridasari]]>
<![CDATA[ Jurnal Internasional Ekonomi Islam Vol 2 No 02 (2020): International Journal of Islamic Economics ]]>
Publisher : <![CDATA[The Postgraduate of Institut Agama Islam Negeri Metro Lampung ]]>
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DOI: 10.32332/ijie.v2i2.2992
<![CDATA[The development of Sharia Banking in Indonesia in the last few years is arguably relatively rapid. This progress is indicated by the increasing number of Islamic financial institutions, Sharia Banks and Sharia Business Units. This study analyzes the financial ratios of Sharia Banks in Indonesia to determine the performance and health of Sharia banks from 2014 to 2018. This study uses secondary data by looking at CAR. BOPO, NPF, FDR and NOM as financial ratios. The results show that the analysis of the financial ratios of Sharia Banks in Indonesia from 2014 to 2018, several ratio values are by the standard set by Bank Indonesia, which are CAR, BOPO, and NPF. As for FDR, in the last two years of the research period, the value was still below the standard set by Bank Indonesia. Likewise, for the NOM ratio, the value is still far below the standard set by Bank Indonesia. This research shows that the financial ratio of Sharia Banks in Indonesia is generally still having a good rating; it means that their performance during the research period year is quite good.]]>
<![CDATA[Mudharabah as a Conduit for Social Cohesion among Vulnerable Women ]]>
<![CDATA[Fareiny Morni]]>;
<![CDATA[Azima Khan]]>
<![CDATA[ Jurnal Internasional Ekonomi Islam Vol 2 No 02 (2020): International Journal of Islamic Economics ]]>
Publisher : <![CDATA[The Postgraduate of Institut Agama Islam Negeri Metro Lampung ]]>
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DOI: 10.32332/ijie.v2i2.2270
<![CDATA[The focus of this research is specified to the interlinkages between three concepts i.e. social cohesion, women’s economic empowerment and mudharabah investments. Instead of microfinancing, this paper explores the possibility of utilizing mudharabah as a tool in uplifting vulnerable societies, especially women and promote social cohesion in the surrounding community. We explore the importance and value that empowering women economically can bring to improving the cohesiveness of a society and whether mudharabah can be used to achieve this. A case study method was used to highlight existing models used by NGOs to provide assistance to vulnerable women. However, existing models are found to be limited to the funds available in the organization and in turn, this restricts the aid that the NGO are able to give out. A mudharabah model would help NGOs to outsource funding to individuals and institutions who can contribute capital to women and uplift them from their current economic condition. With that this paper proposes a two-tier mudharabah structure as an alternative financing model which can be used as a conduit for circulation and distribution of wealth in a society. This structure is found to be financially viable and limits the capital providers’ losses to the amount of their contribution.]]>
<![CDATA[Poverty Alleviation Through Potential Zakat Collection: Case of Morocco ]]>
<![CDATA[Hamida Lahjouji]]>;
<![CDATA[Monzer Kahf]]>
<![CDATA[ Jurnal Internasional Ekonomi Islam Vol 3 No 02 (2021): International Journal of Islamic Economics ]]>
Publisher : <![CDATA[The Postgraduate of Institut Agama Islam Negeri Metro Lampung ]]>
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DOI: 10.32332/ijie.v3i2.3509
<![CDATA[Morocco, is one of the many countries that still suffer from inequality and a high poverty index despite the economic growth over the last few years. Indeed, This paper aims to demonstrate the effect of Zakat on poverty alleviation and redistribution of wealth by estimating potential Zakat collection in Morocco. The results of this study indicate that potential zakat collection can fill the resources shortfall for the poverty alleviation under 1.9$ and 3.2$ a day. The total of all zakat potential in Morocco are not only sufficient to provide for the shortfall and eliminate the extreme poverty but also can generate surplus.]]>
<![CDATA[Constructing Indicators For Islamic Financial Inclusion ]]>
<![CDATA[Fauz Moh'd Khamis]]>;
<![CDATA[Mohamad Yazid Bin Isa]]>;
<![CDATA[Noraini Yusuff]]>
<![CDATA[ Jurnal Internasional Ekonomi Islam Vol 3 No 02 (2021): International Journal of Islamic Economics ]]>
Publisher : <![CDATA[The Postgraduate of Institut Agama Islam Negeri Metro Lampung ]]>
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DOI: 10.32332/ijie.v3i2.3720
<![CDATA[This study conceptualizes and proposes the measurement items and constructs for assessing the financial inclusion of Islamic finance. It proposes and validates the demand-side measurement tool for the financial inclusion of Islamic finance using four dimensions, i.e., quality, accessibility, usage, and satisfaction. The measurement instrument proposed in this study assesses the actual performance of Islamic finance towards total financial inclusion. The study was based on exploratory factor analysis of the questionnaire responses collected from 129 respondents. The questionnaires were distributed to the Zanzibar residents from February 2021 to March 2021. The questionnaires are adapted mainly from the Findex Survey (2017). The financial inclusion of Islamic finance can be determined using four dimensions (components); relevancy (quality) of Islamic financial services, accessibility of Islamic financial services, usage of Islamic financial services, and satisfaction with Islamic financial services. The study is limited to Principal Components Analysis as a factor analysis approach. Besides, the study has been conducted in Zanzibar, a semi-autonomous nation in East Africa. Therefore, more comprehensive studies are required in various areas for generalizing the results.]]>
<![CDATA[DATA PANEL ANALISIS : FAKTOR INTERNAL PERUSAHAAN DAN PENGARUHNYA TERHADAP KINERJA KEUANGAN ]]>
<![CDATA[Lilis Renfiana]]>;
<![CDATA[Yudhisthira Ardana]]>
<![CDATA[ Jurnal Internasional Ekonomi Islam Vol 3 No 02 (2021): International Journal of Islamic Economics ]]>
Publisher : <![CDATA[The Postgraduate of Institut Agama Islam Negeri Metro Lampung ]]>
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DOI: 10.32332/ijie.v3i2.3827
<![CDATA[This research aims to systematically, actual, and accurately explain the facts and characteristics of the company and their effect on financial performance. Data in the form of time-series data from 2015-2019 and cross-section data collected from the financial statements of automotive companies listed on the Indonesia Stock Exchange then obtained nine companies that meet the criteria. The independent variables are Firm Size, Leverage, Liquidity, and the dependent variable is financial performance as proxied by Return On Equity (ROA). The research used panel data techniques; Common Effect Model, Fixed Effect Model, and Random Effect Model. The results show that Firm Size partially has a negative and significant effect, meaning that the greater the assets owned by the company, the more complex the agency problems faced. The partial leverage variable has a negative and significant effect, means that the use of relatively high debt will cause fixed costs in the form of interest expenses and loan principal installments to be paid, the greater the fixed costs. The liquidity variable partially has a positive and insignificant effect. This means that changes that occur in both the number of current assets or current liabilities affect increasing profits so that the increase in Liquidity (CR) or the level of liquidity affects changes in increasing company performance (ROA).]]>
<![CDATA[english English ]]>
<![CDATA[Nur Syamsiyah]]>;
<![CDATA[Misfi Laili Rohmi]]>
<![CDATA[ Jurnal Internasional Ekonomi Islam Vol 3 No 02 (2021): International Journal of Islamic Economics ]]>
Publisher : <![CDATA[The Postgraduate of Institut Agama Islam Negeri Metro Lampung ]]>
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DOI: 10.32332/ijie.v3i2.3824
<![CDATA[Islamic banks collect funds from the public and then send them for financing as an intermediary institution. In practice, the distribution of financing, which is the main characteristic of Islamic banks, is not as easy as the existing theory. This study will discuss the short-term and long-term effects of inflation, financing, and financing problems on deposit ratios in Indonesia's Islamic banking deposits. This study uses an Error Correction Model with monthly time series data starting from 2019-2020. The results show that all variables significantly affect deposits in Islamic banking in Indonesia in the long run. Meanwhile, in the short term, the inflation and financing variables significantly affect Islamic banking deposits in Indonesia, and the Financing to Deposit Ratio has no significant effect.]]>
