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Islamic Economics Methodology
Published by Smart Insights
ISSN : -     EISSN : 29858917     DOI : -
Core Subject : Religion, Economy, Science,
Religion Economics, Econometrics & Finance Library & Information Science
Islamic Economics Methodology adalah publikasi ilmiah yang diterbitkan oleh SMART Insight yang berada di bawah lembaga riset SMART Indonesia. Sharia Economic Applied Research and Training (SMART) adalah lembaga penelitian di Indonesia yang fokus pada riset seputar ekonomi dan keuangan Islam. Islamic Economics Methodology terbit dua (2) kali dalam 1 tahun.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 15 Documents
 1   2 
Non-parametric Efficiency of Islamic Rural Banks in Indonesia: The Impact of Covid-19 and Potential Improvements Aam; Mimma; Syahdatul
Islamic Economics Methodology Vol. 1 No. 1 (2022): Islamic Economics Methodology
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (390.298 KB) | DOI: 10.58968/iem.v1i1.93

Abstract

In the midst of economic challenges and uncertainty due to the pandemic, BPRS as part of the banking industry has a specific goal, namely to provide financial services and products to people with a weak economic level and also the MSME sector, therefore it is necessary to accelerate improvements in the Islamic rural banks (BPRS) industry. This study aims to measure the relative efficiency level of BPRS in Indonesia, see the impact of the pandemic on BPRS operations and compare the efficiency level of BPRS spread across Java and outside Java. This study uses a sample of 92 BPRS in Indonesia with an observation period from 2016 to 2021. This research method uses Data Envelopment Analysis (DEA) with secondary data sourced from the financial statements of each BPRS on the OJK official website. The input variables used include third-party funds, fixed assets and operating expenses. Meanwhile, the output variable consists of financing provided and operating income. The results showed that the average BPRS in Indonesia from the 2016-2021 period fluctuated. Then the CRS and VRS analysis found that BPRS outside Java were more efficient than BPRS spread across Java. Then, based on the trend analysis, the efficiency of BPRS in Indonesia has a fluctuating trend. Furthermore, in the efficiency analysis during the Covid-19 pandemic, there was a continuous decline in the efficiency level of the BPRS, although the decline that occurred was still small. This study also analyzes the potential improvement for program improvement that causes inefficiency of the input and output variables. And in general, the biggest cause of BPRS inefficiency comes from the output variable, namely the financing provided. This study also provides recommendations to BPR practitioners, regulators, and academics as a basis for decision making in achieving optimal efficiency and for further research
Improving The Islamic Banks Competitiveness Through Efficiency: Two-Stages DEA Analysis Irman Firmansyah
Islamic Economics Methodology Vol. 1 No. 1 (2022): Islamic Economics Methodology
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (429.5 KB) | DOI: 10.58968/iem.v1i1.100

Abstract

The Islamic banking industry is one of the important factors in economic development so it must have competitiveness to be able to win the competition. Therefore, to have strong competitiveness, the efficiency level of Islamic banks must continue to be optimized. This study aims to determine the efficiency level of Islamic banks and find the factors that influence it by considering internal and external factors. The results showed that only 14.42% of Islamic banks had experienced optimal efficiency even though this study found that efficiency had a positive effect on increasing competitiveness. Important variables that can improve efficiency are age and liquidity. Besides, the board of commissioners also provides its role in managing the level of liquidity to achieve optimal efficiency, but does not play a good role in long-standing banks. In contrast to the sharia supervisory board that has succeeded in carrying out its functions in banks that have long existed to improve efficiency, and vice versa does not play a role in strengthening the level of liquidity to increase efficiency. From external factors, gross domestic product is proven to weaken the relationship between age and liquidity with efficiency.
The Role of Islamic Economics on Covid-19 Recovery: A Text Analytics Aisyah As-Salafiyah
Islamic Economics Methodology Vol. 1 No. 1 (2022): Islamic Economics Methodology
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (765.021 KB) | DOI: 10.58968/iem.v1i1.105

Abstract

This text analytics research investigates the current state of various studies on the role of Islamic economics during the COVID-19 pandemic published by Scopus indexed journals. The analysis is focused on the description of the characteristics and trends of the keywords. The data analyzed were 51 research publications on the theme of Islamic economics during the COVID-19 pandemic. The search used to define the research dataset was last updated on August 7, 2021. Descriptive statistical methods were used, and text analytics was performed using R Biblioshiny to discover the mapping of text analytics. The number of articles discussing Islamic economics during the COVID-19 pandemic is quite significant in the scientific literature. Many keywords were used in the research of this theme, of which the most popular was 'COVID-, Islamic, Financial'. This research provides a text analytics overview of the most popular keyword trends with the role of Islamic economics during the COVID-19 pandemic, thereby providing information for researchers who focus on research in this field. This study also examines the Islamic economic instruments used in dealing with the impact of the COVID-19 pandemic and the role of each instrument. In the end, this theme has the potential to continue to be developed.
Impact of The Global Stocks Index on The Shariah And Conventional Stocks Index in Indonesia Dito Prakoso
Islamic Economics Methodology Vol. 1 No. 1 (2022): Islamic Economics Methodology
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (258.8 KB) | DOI: 10.58968/iem.v1i1.113

Abstract

The Islamic capital market plays an important role in the growth of the economy in Indonesia. During its development, the performance of the stock index in a country is often influenced by other stock indices in other countries. This study tries to analyze the dependence of the international stock index towards JII and JCI price, using Autoregression Distributed Lag (ARDL). Results show that there is a long-term cointegration of the global stock index to the Jakarta Islamic Index (JII). On the other hand, there is no cointegration between the global stock index and the Indonesian Composite Stock Price Index (JCI).
Islamic Fiscal Policy: A Scientometric Analysis Using R Muhammad Raihan Gunawan; Fauzi Herman
Islamic Economics Methodology Vol. 1 No. 1 (2022): Islamic Economics Methodology
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (667.085 KB) | DOI: 10.58968/iem.v1i1.121

Abstract

This scientometric research looks at the current situation of various studies on Islamic fiscal policy published in journals that have digital-object identifiers (DOI). This research focuses on the features and trends of keywords, authors, and journals. We use research articles (metadata) from Dimension (https://dimension.ai). The research dataset was found using a search that was last updated on May 31, 2022. A descriptive statistical approach was used to determine the bibliometric map, and bibliometric analysis was performed using R Biblioshiny. In recent years, there has been a substantial increase in the number of studies addressing the topic of Islamic fiscal policy. Many publications publish on this topic, the most prominent of which is the United Nations Treaty Series journal, which features multiple authors exploring the topic using a variety of keywords. Chouwdhury MA, Kuran T, and Mirakhor A are the most prolific authors. The keywords most frequently used are 'Economic, waqf, and public.' This review provides an overview of research trends, keywords, journals, and authors in the most popular papers on Islamic fiscal policy, as well as providing information for academics specializing in this field.
A Biblioshiny Application Using R on Zakat Index Irni Nuraini; Thuba Jazil
Islamic Economics Methodology Vol. 2 No. 1 (2023): Islamic Economics Methodology
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1432.322 KB) | DOI: 10.58968/iem.v2i1.163

Abstract

This study aims to examine research patterns concerning the published zakat index. The studied data came from the Scopus database, which was accessed in its entirety on 13 February 2023. A total of 51 papers were retrieved. The data were analyzed with the Rstudio Bibliometrix program and biblioshiny instruments to determine the research advancements on the Zakat Index. The data demonstrates that the development of zakat index research began in 1994 and has accelerated since 2008. Al-Homaidi, E.A., is the most prolific writer on this subject. Zakat is the most commonly occurring keyword. Malaysia has the highest number of publications and citations on this topic. Malaysia's University Teknologi Mara has the most author affiliations. According to the themes in the zakat index study that has the potential to be expanded, this research has a great deal of room for growth.
Strengthening of Islamic Principles in The Halal Industry for Sustainable Development Goals Sri Meylinda; Rabiatul Adawiyah Matondang
Islamic Economics Methodology Vol. 2 No. 1 (2023): Islamic Economics Methodology
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/iem.v2i1.187

Abstract

In the current era of globalization, the development of the halal industry is an important agenda for planning the development strategies of countries in the world. Even in some countries that are minority Muslim countries also have a level of awareness and concern for Islamic principles in the halal industry. The halal industry in the global era continues to experience very significant growth, the halal industry also offers the concept of goodness for consumption, so it has a guarantee that products and services produce the best quality. The superiority of the halal industry lies in sharia values, such as social responsibility, environmental friendliness, preserving nature, avoiding usury, and ethical investment. In Indonesia itself, it actually has the potential to capture market opportunities for the halal industry, but there are several factors that result in a lack of application of Islamic principles in it, this is due to a lack of strengthening policies from government sectors. This type of research uses qualitative or descriptive research. This research aims to determine the effect of the development and growth of the halal industry on sustainable development. The results of the study show that the biggest challenge in the development of the halal industry is first, social diversity that influences the consumption pattern of the halal industry. Second, the low capacity of industry players such as MSMEs in understanding the supply chain of the halal industry. Third, the low level of literacy in halal industry products.
Scientometric Analysis on Cash Waqf Linked Sukuk (CWLS) Aam Slamet Rusydiana; Mia Sari; Siti Maysyaroh
Islamic Economics Methodology Vol. 2 No. 1 (2023): Islamic Economics Methodology
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/iem.v2i1.210

Abstract

This study aims to conduct a scientometric analysis of the literature related to Cash Waqf Linked Sukuk (CWLS) in the context of waqf. The scientometric method is used to measure and analyze the development patterns, research contributions, and interactions between researchers in the CWLS domain. Data was collected through the scientific literature platform Dimensions.ai with relevant keywords. Data visualization was also used to understand the relationship between authors, publications, and key concepts in CWLS literature. The results of this analysis provide insights into the development of research, key contributions of researchers, as well as the evolution of concepts in CWLS. This study provides a more comprehensive view through research paths with specific theme clusters of the CWLS-related literature and helps identify key patterns and important contributions in understanding the implications of Islamic economics and finance in the context of waqf.
Comparative Analysis on Efficiency of Rural Bank and Islamic Rural Bank in Yogyakarta Mimma Maripatul Uula; Annisa Kartika Ocktavia; Muhammad Zulva Zeta Zaidan
Islamic Economics Methodology Vol. 2 No. 1 (2023): Islamic Economics Methodology
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/iem.v2i1.216

Abstract

This research aims to ascertain the efficiency levels of BPRs (Rural Banks) and BPRSs (Islamic Rural Banks) within the province of D.I. Yogyakarta. The sample utilized in this study comprises 49 BPR and 12 BPRS situated in D.I. Yogyakarta, spanning the research period of 2017-2021. The analytical approach employed is the non-parametric Data Envelopment Analysis (DEA), utilizing secondary data sourced from bank financial reports. The determination of input and output variables in this study adopts an intermediary approach. The input variables encompass fixed assets, operational expenses, and third-party funds, while the output variables encompass the quantity of disbursed financing and operational income.The findings of this research reveal a fluctuating trend within BPRs and BPRSs in Yogyakarta over the course of years. Based on the CRS (Constant Returns to Scale) and VRS (Variable Returns to Scale) scores, it is discernible that the efficiency levels of both BPRs and BPRSs experienced a reduction during the Covid-19 pandemic. The study's insights have the potential to stimulate informed decision-making and policy refinement, ultimately fostering a more robust financial sector and bolstering economic recovery efforts in the post-Covid-19 landscape.
Productivity of Rural Banks in Central Java: Is Technological Changes Matter? Aisyah As-Salafiyah
Islamic Economics Methodology Vol. 2 No. 1 (2023): Islamic Economics Methodology
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study aimed to analyze the level of productivity, the factors that influence it, the potential for improvement needed, and a comparison of the productivity of Rural Banks (BPR) and Islamic Rural Banks (BPRS) in Central Java. This research also looks at the productivity of BPR and BPRS during the Covid-19 pandemic. The research period used in this study is from 2016-2021, with a research sample of 9 BPR and 7 BPRS in Central Java. The analytical method used is a non-parametric approach, namely the Malmquist Productivity Index (MPI), with secondary data sources derived from BPR and BPRS financial reports on the Financial Services Authority (OJK) website. The results of the study show that during the COVID-19 pandemic, BPR and BPRS experienced an increase in productivity in general, where BPRS showed better performance with higher technology adoption and higher average Total Factor Productivity Changes (TFPCH) values, while the change in efficiency (EFFCH) tends to decrease; As a result, BPRS occupy a better position in quadrants 1 and 2 in the division of the four types of BPR and BPRS based on the level of technology and efficiency. This research also provides recommendations to BPR and BPRS practitioners, management, and regulators.

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