cover
Contact Name
Yosi Mardoni
Contact Email
yosimardoni@ecampus.ut.ac.id
Phone
+6221-7490941
Journal Mail Official
elqish@ecampus.ut.ac.id
Editorial Address
Fakultas Ekonomi Universitas Terbuka Jl. Cabe Raya, Pondok Cabe, Pamulang, Tangerang Selatan, Provinsi Banten, 15418
Location
Kota tangerang selatan,
Banten
INDONESIA
El-Qish: Journal of Islamic Economics
Published by Universitas Terbuka
ISSN : -     EISSN : 28093232     DOI : https://doi.org/10.33830/elqish
Core Subject : Economy,
El-Qish invites scholars, researchers, and students to contribute the result of their studies and research in the areas related to Islamic economics, Islamic Macroeconomics, Islamic Monetary, Islamic Microeconomics, Islamic finance, Islamic Business, Islamic Human Resource Management, Islamic Marketing Management, Halal industries, Zakat and Wakaf, and Islamic Entrepreneurship.
Articles 24 Documents
Foreign Debt in the Perspective of Tafsir Fii Zilaal Al-Qur'an by Sayyid Qutb Muhamad Komarudin
El-Qish: Journal of Islamic Economics Vol. 1 No. 1 (2021)
Publisher : LPPM Universitas Terbuka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33830/elqish.v1i1.1510.2021

Abstract

This study aimed to analyze the contemporary interpretation of Sayyid Qutb against usury contained in foreign debt in his book Fii Zhilaal al-Qur'an Surah Al-Baqarah: 275. The method used in this research is the descriptive analysis method combined with the method of hermeneutics and supported by a literature review to find Sayyid Qutb’s thoughts on foreign debt. This study is an attempt to gain a proper understanding of usury-based on a contemporary interpretation of Sayyid Qutb in the book Fii Zhilaal Al-Qur'an especially that including in foreign debt. This study described the analysis of usury in foreign debt base on the interpretation of Sayyid. Findings. The results of this study are understandings of the thoughts of Sayyid Qutb in his book related to the impact of foreign debt which may lead to the theory that foreign debt will have an impact on regulatory intervention, colonization, and even warfare.
Error Correction Model Analysis in Measuring the Effect of Bank Internal Factors on Mudharabah Deposits for Islamic Commercial Banks Yudhistira Ardana; Nur Syamsiyah; Misfi Laili Rohmi; Lilis Renfiana
El-Qish: Journal of Islamic Economics Vol. 1 No. 2 (2021)
Publisher : LPPM Universitas Terbuka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33830/elqish.v1i2.1518.2021

Abstract

Islamic bank products to raise public funds can be in the form of demand deposits (wadiah), savings (mudharabah), and deposits (mudharabah). One of the profit-sharing rates in Islamic banks comes from internal factors, namely Return on Assets, Capital Adequacy Ratio, Financing to Deposit Ratio, and Operational Expenses Operating Costs. This study will examine the effect of bank internal factors on mudharabah deposits of Islamic commercial banks using an econometric model, namely the error correction model. Findings. The results showed that the bank's internal variables had a significant effect on mudharabah deposits both in the short and long term. Variables Return on Assets, Capital Adequacy Ratio, and Operational Expenses Operational costs both short and long term have a negative effect on mudharabah deposits.
The Effect of Profitability, Liquidity, Leverage and Company Size on Sukuk Yield With The Rating of Sukuk as Intervening Variables Karimatus Syakdiyah; Purnama Putra
El-Qish: Journal of Islamic Economics Vol. 1 No. 1 (2021)
Publisher : LPPM Universitas Terbuka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33830/elqish.v1i1.1532.2021

Abstract

The purpose of this study was to test whether profitability, liquidity, leverage, and company size affect the yield of Sukuk with the Sukuk rating as an intervening variable. The method chosen to conduct this research is a quantitative method in which the data is processed using path analysis The data used in this research is secondary data. The sample used is 12 companies for the period 2012-2017. Findings. The results of this study can be concluded that partially profitability has a significant positive effect, liquidity has a significant negative effect, leverage has no effect and is not significant, company size has a significant positive effect on the sukuk rating. While profitability has a significant negative effect, liquidity has no and insignificant effect, leverage has a significant negative effect, company size has no and insignificant effect, sukuk rating has no and insignificant effect on sukuk yield. The sukuk rating cannot mediate the profitability and leverage variables on the sukuk yield. However, the sukuk rating can mediate the liquidity variable and company size on the sukuk yield.
Utilization of Zakat Funds on The Welfare Dimensions of The Poor In Aceh Besar (Baitul Mal Mustahik Case Study) Ulya Utari; Nurma Sari; Amri Amri
El-Qish: Journal of Islamic Economics Vol. 1 No. 1 (2021)
Publisher : LPPM Universitas Terbuka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33830/elqish.v1i1.1534.2021

Abstract

This study aims to analyze the effect of zakat funds utilization on the dimensions of the welfare of the poor in Aceh Besar. This research uses a quantitative approach by multivariate analysis (Manova) method. Data was collected by interviewing and distributing questionnaires to mustahik the Baitul Mal Aceh, using the Probability Sampling method and using the Quota Sampling Model. The utilization of zakat funds is reviewed in the scope of categories of types of businesses (agriculture, trade, and services), while the welfare dimension is measured by several variables (food, clothing, Education, Health, and Savings). Findings. The results showed that the type of business had a significant effect on the dimensions of welfare. Agriculture was the type of business with the highest level of welfare, followed by services and trade.
Application of Shariah Enterprise Theory on Disclosure of Corporate Social Responsibility in Sharia Banking Eti Kusmiati; Marti Dewi Ungkari
El-Qish: Journal of Islamic Economics Vol. 1 No. 2 (2021)
Publisher : LPPM Universitas Terbuka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33830/elqish.v1i2.1543.2021

Abstract

The goal of this research is to find out what information Islamic banks provide in their corporate social responsibility reports, as well as to determine the acceptability of such material in terms of Shariah Enterprise Theory (SET). This study employed a qualitative research method using a case study methodology. Primary and secondary data are the two types of data used. Data reduction, data presentation, and verification are some of the data processing strategies employed. Findings. The findings of the research demonstrate that Bank Muamalat's CSR disclosures contained Sharia Enterprise Theory disclosure elements such as vertical and horizontal accountability, indicating that Bank Muamalat Indonesia has declared its social responsibility in a very informative manner.
Islamic Principles in Marketing: An Overview of Islamic Marketing mix in Social-Media Campaign Syafwendi Syafril; M. Fuad Hadziq
El-Qish: Journal of Islamic Economics Vol. 1 No. 1 (2021)
Publisher : LPPM Universitas Terbuka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33830/elqish.v1i1.1568.2021

Abstract

The increasing number of internet users among Muslims worldwide has open opportunities for business players to develop Islamic marketing and get attention from them. Social media becomes a popular platform for the Muslim community to interact, communicate, and share regarding humanity, education, donation, and the Islamic lifestyle. This paper arranges to analyzes the Islamic marketing mix that must be existed in social media campaigns. The Islamic principles in marketing are the main key to determine whether businesses not only provide sharia-compliant products and services but also succeed to comminates it based on Islamic ethics and value. The library research was conducted in research methodology to review marketing theory and concept from an Islamic perspective. Findings. The analytical result shows that the integrated Islamic principles such as halalan tayyiban, anti-monopoly, gharar, speculation, excessive action, manipulative sales tactic, etc., should be eliminated in the marketing mix in social media campaigns. All that aims to ensure marketing activities run properly according to Shariah principles.
Implementation of GCG (Good Corporate Governance) on the Prevention of Fraud Financing in Islamic Banks Lies Cholisoh; M. Fuad Hadziq
El-Qish: Journal of Islamic Economics Vol. 1 No. 2 (2021)
Publisher : LPPM Universitas Terbuka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33830/elqish.v1i2.1569.2021

Abstract

Although Islamic Banking operates with Islamic principles, there are still many frauds that are committed deliberately for particular cases. This study aims to determine the extent of the influence of Good Corporate Governance in Islamic banking on indications of fraud, especially at Bank BNI Syariah. This research is quantitative research with primary and secondary data, namely using a sample questionnaire and interviews. While the data analysis is using multiple regression with descriptive analysis. The results of the study concluded that the resulting regression had a very small R square at 34.7%. Finding. The results of the t-test show that partially the independent variables in GCG, namely information disclosure, accountability, responsibility, independence, fairness, are stated to not affect the financing of fraud. This is because the number of R squares has a small effect. After all, it is below 50% so that the impact on the insignificance of the variables in GCG on fraud financing. Therefore, it results from the t-test in which none of the X variables affect variable Y. From the information above, it can be concluded that the GCG variable simultaneously has a significant effect on financing fraud, but if tested partially, the GCG variable has no effect on financing fraud.
The Effect of Book Value, Debt to Equity Ratio, Roa, Interest Rate and Exchange Rate at Jakarta Islamic Index (JII) Heffi Christya Rahayu; Etty Puji Lestari; Tri R. Kuniawati
El-Qish: Journal of Islamic Economics Vol. 1 No. 1 (2021)
Publisher : LPPM Universitas Terbuka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33830/elqish.v1i1.1570.2021

Abstract

The Jakarta Islamic Index (JII) consists of 30 companies whose liquid assets have large capitalization compared to other companies. JII then becomes a measure of performance in choosing a halal stock portfolio. This study aims to determine the factors that affect the company's stock price in JII. This research uses quantitative methods with the study applied is panel data regression analysis method. The data used in this study is secondary data obtained from Bank Indonesia, the Financial Services Authority, the Indonesia Stock Exchange, and other literature. Secondary data or qualitative data used is panel data from 30 companies in JII. Findings. This research shows that Book Value, Debt Equity Ratio, Return on Assets (ROA), Interest Rate, and Exchange Rate simultaneously significantly affect the Stock Price. JII consists of 30 companies whose liquid assets have large capitalizations compared to other companies. Market capitalization is an indicator of stock development, if there is a decline in stock prices, the market capitalization will decrease.
How far are the benefits of the Islamic Philanthropy and Social Entrepreneurship movement? Arief Dwi Saputra; Alfina Rahmatia; Muslimah Muslimah
El-Qish: Journal of Islamic Economics Vol. 1 No. 1 (2021)
Publisher : LPPM Universitas Terbuka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33830/elqish.v1i1.1673.2021

Abstract

Islamic philanthropy and social entrepreneurship have created solutions in addressing the problems that occur for maximizing economic, social, and religious activity. In this study review, Islamic philanthropy links the elements of zakat, infaq, sadaqah, and waqf in terms of social entrepreneurship with elements of social value, civil society, innovation, and economic activity. The data was obtained using literature studies and interviews on Lazismu Bengkulu as an Islamic philanthropic movement and CV. Presidium on the social entrepreneurship movement. Then, data were processed using Nvivo and drawn conclusions through word similarity analysis. Findings. The synergy between employers and society plays a role in addressing problems against poverty alleviation, wealth equality, community welfare, creating social benefits, optimizing social capital, innovation in problem-solving efforts, building a balance between social activities and business activities. Integration of these two movements explains the dominant increase compared to the decline by presenting an impact on production, consumption, investment, economic growth, and economic stability. In the analysis of word similarity, efforts of synergy and integration concluded that both movements could be implemented in practice because they support each other and have close links to achieve goals and increase the dominant impact of social, economic, and religious activities.
Implications of Sea Toll Programs to National Development Economy: Reinterpretation of Marine Verses In Al-Quran Doli Witro; Betria Zarpina Yanti
El-Qish: Journal of Islamic Economics Vol. 1 No. 2 (2021)
Publisher : LPPM Universitas Terbuka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33830/elqish.v1i2.1720.2021

Abstract

Indonesia, as an archipelago with a coastline of 81,000 km, is a coastal and marine area that has a variety of vast and diverse resources. With the unique potential and economic value of development, coastal areas are also faced with a high threat, so special handling is needed so that this region can be managed sustainably. Economic development in this framework is realized through the sea toll program. This article will aim to discuss how the sea toll program has an impact on the national development economy and the reinterpretation of marine verses in Al-Quran. This study uses qualitative research methods that are literature research. The sources of data in this study were sourced from books, journals, scientific articles, research reports, laws, and internet websites related to the sea toll program. After all, data have been collected, the data are analyzed by data analysis methods, namely data reduction, data presentation, and conclusion drawing. Findings. The results showed that the use of marine wealth by humans is justified in Al-Quran even it is recommended for the benefit of humans. On the other hand, the development of defense forces requires strong economic capabilities as a form of an effort to realize Indonesia’s ideals as a world maritime nation. Indonesia’s maritime potential can create a dominant economic development power for the Indonesian state to face global or international competition.

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