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Contact Name
ANANTO TRIWIBOWO
Contact Email
ananto112793@gmail.com
Phone
+6282324796094
Journal Mail Official
ananto112793@gmail.com
Editorial Address
Desa Banjarrejo Dusun Cempaka RT/RW 020/001
Location
Kota metro,
Lampung
INDONESIA
International Journal of Islamic Economics (IJIE)
ISSN : 26862131     EISSN : 26862166     DOI : https://doi.org/10.32332/ijie.v6i01
Core Subject : Economy,
International Journal of Islamic Economics accepts manuscripts whose topics are in range of economic fields and employs standard economics analysis tools focusing on issues pertaining to Philosophy of Islamic Economics, Islamic Economic Thought, Islamic Economics and Contemporary Issues and Islamic philanthropy (zakat, waqf, sadaqah, and infaq). The topics might be an observation of current economic phenomena that highlights the problem of conventional economic system.
Articles 62 Documents
CHALLENGES FACING MALAYSIA IN EXPANDING ITS ISLAMIC FINTECH LANDSCAPE & POSSIBLE REMEDIES Kinan Salim; Abubakar Ilyas
Jurnal Internasional Ekonomi Islam Vol 2 No 01 (2020): International Journal of Islamic Economics
Publisher : The Postgraduate of Institut Agama Islam Negeri Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v2i01.2250

Abstract

Despite being a dynamic hub for the Islamic financial products and services, Malaysia’s Islamic fintech landscape does not meet expectations. With a number of challenges such as stringent regulations, lack of adequate funding, shortage of a skilled workforce, fierce conventional competitors etc. the future growth and progress might only remain an unfulfilled dream if they are not addressed timely. This paper is aimed at critically discussing these challenges faced by such companies. Also it aims at proposing potential measures to overcome the highlighted issues. But in order to validate the mentioned challenges and the potential remedies, an interview based approach is employed. The top and middle management of five full-fledged Islamic fintech companies were interviewed with the aim of ensuring whether the mentioned challenges actually exist or not. And whether the proposed solutions are practicable. Based on the findings from the interviews, it is observed that almost all the mentioned challenges are recognized by the companies. Although not all were in consensus regarding every issue, but in general they saw the challenges as legitimate. The proposed solutions were also well received and recognized as beneficial for the companies. Another finding from the interviews was additional challenges the companies saw as worrisome, such as lack of awareness and technological ignorance among the masses. The paper concludes with the recommendation for the relevant authorities to address the highlighted issues with seriousness. Further research may be carried out to provide solutions for the additional issues pointed out by the companies
Zakat Fundraising Unit - Mosque Collaboration as Zakat Fund Manager: Strategy for Increasing Zakat Fund Collection Syamsuri Syamsuri; Erika Rishan Adillah
Jurnal Internasional Ekonomi Islam Vol 6 No 01 (2024): International Journal of Islamic Economics (IJIE)
Publisher : The Postgraduate of Institut Agama Islam Negeri Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v6i01.7793

Abstract

Introduction: The phenomenon that occurs is that people still prefer to pay zakat to mosques due to the tradition passed down from generation to generation and easy access, especially for rural communities far from urban areas, as well as the strategic location of mosques in each area. So, it is necessary to maximize strength by establishing good relations with village officials, Islamic boarding schools, and especially mosques. Objectives: This research aims to create a collaborative concept for the excellence of the Zakat Management Unit with the characteristics of mosques to increase the collection of Zakat funds. Method: This research uses descriptive-qualitative methods with a literature review method. Data collection techniques involve selecting relevant sources and then classifying, categorizing, and interpreting the data. Results: The research results show the need for strategic steps to be taken by BAZNAS to collaborate with mosques. Then it ends with reporting, which is divided into two types. Firstly, reporting to the main mosque by accounting standard No. 109, which is forwarded to the regional BAZ to BAZNAS; secondly to the community for transparency and to maintain community trust. Implications: This research is expected to contribute to the zakat management system at the mosque zakat collection unit, especially in the field of collecting zakat funds by working with related institutions
Digital Islamic Business Ethics: Video Unboxing as a Khiyar mechanism in Online Buying and Selling Transactions Andrian Harmoko; Diana Ambarwati
Jurnal Internasional Ekonomi Islam Vol 4 No 02 (2022): International Journal of Islamic Economics
Publisher : The Postgraduate of Institut Agama Islam Negeri Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v4i02.5788

Abstract

This article describes unboxing video content as a khiyar mechanism in online transactions. The sale and purchase transaction is declared invalid if one of the parties feels compelled and disadvantaged due to product defects. The method used in this article is a field research study with a phenomemological approach. The findings of this study are that video unboxing becomes the mechanism of choice for buyers to Khiyar or the choice to continue or cancel the transaction made. Buyers who upload unboxing videos showing product defects are given the opportunity to cancel the transaction or exchange it for a new product. This mechanism arises because sellers and buyers do not meet directly in the online transaction process. Video unboxing is done as a form of awareness and responsibility (responsibility) in muamalah as a form of ethics in business. The unboxing video will ultimately give pleasure to both the seller and the buyer as a condition for the fulfillment of blessings in the transaction
Technology Acceptance Model and Government Support to Use of Islamic Fintech for MSMEs in Metro City Witantri Dwi Swandini; Ose Atika Ulva Anggara
Jurnal Internasional Ekonomi Islam Vol 5 No 02 (2023): International Journal of Islamic Economics
Publisher : The Postgraduate of Institut Agama Islam Negeri Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v5i02.8234

Abstract

The purpose of this research is to find out how to accept Islamic fintech based on influencing factors. These factors are divided into internal and external factors. Internal factors consist of technology readiness, while external factors include government support in the acceptance of Islamic fintech in Micro, Small and Medium Enterprises (MSMEs) in Metro City. The respondents of this research are MSMEs in Metro City who have adopted fintech on their business activities. The data analysis method used in this research is a quantitative method using the Structural Equation Model (SEM). The type of data used is primary data obtained by distributing questionnaires assisted by the results of interviews with respondents. By using the Technology Acceptance Model, this research tries to analyze the model of factors that influence the application of fintech used by MSMEs in Metro City. The research results show that the external factors tested in this research can influence behavioral intentions through perceived benefits, perceived ease of use in implementing fintech in business activities carried out by MSMEs. Apart from these factors, there are also other factors such as government support provided in the form of training/capital assistance and expert assistance. Limitations in this research are the limitations of the research location and research variables used. This is caused by limited funds and time for collecting data in the field. Contributions of this research are expected to help MSMEs to maximize the application of fintech in business activities, as a consideration for local governments to provide more training and assistance for MSMEs in using fintech.
Financial Ratio Analysis of Sharia Bank in Indonesia Esty Apridasari
Jurnal Internasional Ekonomi Islam Vol 2 No 02 (2020): International Journal of Islamic Economics
Publisher : The Postgraduate of Institut Agama Islam Negeri Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v2i2.2992

Abstract

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.
Sunday Morning Market: Efforts to Increase Cadger's Income in Sharia Economic Perspective ahmad bustomi; Isna Fitria Uswatun Kasanah; Lilis Renfiana
Jurnal Internasional Ekonomi Islam Vol 4 No 01 (2022): International Journal of Islamic Economics
Publisher : The Postgraduate of Institut Agama Islam Negeri Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v4i01.4595

Abstract

The economic increasing strategy of Cadger in Islamic Economy Perspective at Sunday Morning Market. Sultan Agung Stadium Sunday Morning Market is market in the Sunday morning which is the location in Sultan Agung Stadium in Bantul City. This market was founded on 2007. Since established, this market passesrapid development. This condition proved by the increasing of the number of Cadger and visitor. This research is descriptive qualitative research. The purpose of this research is to describe of Sunday morning management strategy and the result of economic increasing which is gotten by Cadger in Sunday Morning Market. Informan determination technique utilizes purpose sampling technique. Data collecting technique utilizes are observation, interview and documentation. All data seen the validity of data through tringaluation of source and data, and then analized by data reduction process, display data and conclution. The result of this research indicates that management strategy which utilized by team management of Sunday Morning market in Sultan Agung Stadiummakes regulation to Cadger registration, chose the retribution (cost for Cadger), selection for seller, information center, cleaning service, seller experiment, make a role for seller of Sunday Morning Sultan Agung Stadiummarket. Relocation about location determination and the increasing of people contribution into develop market of Sunday Morning Sultan Agung Stadium. Acoording those aspects, there are four strategyes which influencing the economy of Cadger, namely: location choice, inforrmation center, retribution and seller choice. All strategies are convenient with the axioms of Islamic economy, namely unity, equilibrium, free will and responsibility.
MAQASID AL-SHARIAH PHILOSOPHY IN MONETARY REGIME TOWARDS INCLUSIVE SUSTAINABLE GROWTH Mohd Noor Omar; Norhanim Mat Sari
Jurnal Internasional Ekonomi Islam Vol 1 No 02 (2019): International Journal of Islamic Economics
Publisher : The Postgraduate of Institut Agama Islam Negeri Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v1i02.1802

Abstract

This paper studies on the Maqasid al-Shariah philosophy with the aim establish an appropriate Islamic monetary regime in achieving the aspiration of Shariah that promote inclusive and sustainable growth of the ecosystem.From the analysis, this study shows that Islamic monetary mechanism and instruments as well as Islamic financial institutions (IFIs) operations are still exposed to the practice that are prohibited in Islam and also influenced by monetary policy tools and transmission channels set by the Central Bank. The study supports and affirms the establishment of an Islamic monetary system that transmits the monetary policy through channels with interest free and risk sharing Islamic instruments. For that, an equitable distribution of wealth for social Islamic justice as well as a balance inclusive and sustainable economic well-being would be attained.
Al-Magrizi Inflation Theory Of Islamic Monetary Policy Implementation In Indonesia Ridan Muhtadi; Safarinda Imani
Jurnal Internasional Ekonomi Islam Vol 2 No 02 (2020): International Journal of Islamic Economics
Publisher : The Postgraduate of Institut Agama Islam Negeri Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v2i2.2097

Abstract

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.
Poverty Alleviation Through Potential Zakat Collection: Case of Morocco Hamida Lahjouji; Monzer Kahf
Jurnal Internasional Ekonomi Islam Vol 3 No 02 (2021): International Journal of Islamic Economics
Publisher : The Postgraduate of Institut Agama Islam Negeri Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v3i2.3509

Abstract

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.
Islamicity Indices: A Moral Compass for Reform and Effective Institutions Hossein Askari
Jurnal Internasional Ekonomi Islam Vol 1 No 01 (2019): International Journal of Islamic Economics
Publisher : The Postgraduate of Institut Agama Islam Negeri Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v1i01.1574

Abstract

“Islamicity Indices” are based on the Islamic teachings of the holy Qur’an and the Hadiths. Islam’s foundational teachings are summarized; the rules that follow are deduced; and then the important institutions that these teachings and rules indicate are identified.These rules and institutions are in turn then used to construct indices for measuring the degree of Islamicity—the reflection and manifestation of these teachings in a community or a country.The purpose of “Islamicity Indices” is to provide a compass for fundamental economic, social and legal reforms—a compass that embodies quantifiable goals and targets that can be negotiated, results that can be monitored and assessed and policies that can be modified to achieve the set targets. Importantly, these indices can open up a debate among Muslims about the deeper meaning of their religion and going well beyond its more mechanical requirements andsuch a debate, based on quantified Islamic teachings, cannot be easily dismissed by those in power.When non-Muslim and Muslim countries are compared, the indices indicate that New Zealand, Australia, Canada and the countries of Northern Europe occupy the top ten positions in adopting Islamic rules for their foundation. These are countries that are generally regarded as the most successful socio-economic countries. Thus the problem is not with Islam but with Muslims as they do not uphold the rules, which translate into institutions, recommended in Islam. The results of these indices since 2000 show the failure of most Muslim countries and the urgent need for sustained reform.