cover
Contact Name
Muhammad Alhada Fuadilah Habib
Contact Email
m.alhada@uinsatu.ac.id
Phone
+6281215079617
Journal Mail Official
annisbah@uinsatu.ac.id
Editorial Address
Gedung KH. Saifudin Zuhri Jl.Mayor Sujadi Timur No 46 Tulungagung Jawa Timur 66221 Indonesia
Location
Kab. tulungagung,
Jawa timur
INDONESIA
An-Nisbah: Jurnal Ekonomi Syariah
ISSN : 24068276     EISSN : 25495712     DOI : https://doi.org/10.21274/an.v10i2
Core Subject : Religion, Economy,
An-Nisbah: Jurnal Ekonomi Syariah is a scientific journal contains original works from lecturers, researchers, students and other concerned parties who have not been published or are not on the publication in the form of articles on the research and conceptual ideas on the subject of sharia economy. This journal publishes twice in a year.
Articles 10 Documents
Search results for , issue "Vol 8 No 2 (2021): An-Nisbah" : 10 Documents clear
ANALISIS PERBANDINGAN VOLATILITAS HARGA ISSI DENGAN IHSG: STUDI KASUS MASA TURMOIL PERIODE 2019-2020
An-Nisbah: Jurnal Ekonomi Syariah Vol 8 No 2 (2021): An-Nisbah
Publisher : UIN Sayyid Ali Rahmatullah Tulungagung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21274/an.v8i2.4382

Abstract

Abstrak: Penelitian ini bertujuan untuk menganalisis dan membandingkan pengaruh masa turmoil antara volatilitas Indeks Saham Syariah Indonesia (ISSI) dengan Indeks Harga Saham Gabungan (IHSG). Serta, menganalisis dan membandingkan seberapa besar variabel-variabel makroekonomi yang mencerminkan masa turmoil pada tahun 2019 hingga 2020 mempengaruhi volatilitas ISSI dan IHSG. Masa turmoil dalam penelitian ini yaitu penurunan harga minyak dunia, perang dagang antara Amerika Serikat dengan China, pandemi Covid-19 dan demo penolakan Rancangan Undang-Undang (RUU) Cipta Kerja dengan variabel Produk Domestik Bruto (PDB), inflasi, kurs rupiah-dolar, suku bunga, harga minyak dunia, Shanghai Stock Exchange (SSE) Composite Index, New York Stock Exchange (NYSE). Variabel yang digunakan adalah data lima hari kerja dari tahun 2019 hingga 2020. Metode analisis yang digunakan yaitu analisis kuantitatif menggunakan TGARCH Model dan VECM. Berdasarkan hasil TGARCH menunjukkan bahwa volatilitas ISSI memiliki pengaruh yang lebih kecil terhadap masa turmoil. Namun, hasil analisis VECM menunjukkan masa turmoil tahun 2019 hingga 2020 lebih berdampak pada volatilitas ISSI dibandingkan dengan volatilitas IHSG. Abstract: This study aims to analyze and compare the effect of turmoil period on the volatility of Indonesian Sharia Stock Index (ISSI) and Jakarta Composite Index (JCI). As well, analyzing and comparing the impact of macroeconomic variables that reflect turmoil period in 2019 to 2020 affect the volatility of ISSI and JCI. The turmoil period in this research are the decline in world oil prices, trade war between the United States and China, Covid-19 pandemic and demonstration against the Omnibus Law. Variables in this model are Gross Domestic Product (GDP), inflation, rupiah-dollar exchange rate, interest rates, world oil prices, Shanghai Stock Exchange (SSE) Composite Index and New York Stock Exchange (NYSE). The variables used five working days data from 2019 to 2020. The analytical method used in this research is quantitative analysis using TGARCH Model and VECM. Based on the results of TGARCH, it shows that the volatility of ISSI has less effect on the turmoil period. However, the results of VECM analysis shows that the turmoil period of 2019 to 2020 has more impact on the volatility of ISSI than the volatility of JCI.
ZAKAT POTENTIAL MANAGEMENT STRATEGY IN INDONESIA
An-Nisbah: Jurnal Ekonomi Syariah Vol 8 No 2 (2021): An-Nisbah
Publisher : UIN Sayyid Ali Rahmatullah Tulungagung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21274/an.v8i2.4399

Abstract

Management of Zakat has a great potential to fail to optimize the potential of Islamic philanthropy which is significant in tackling poverty and improving the welfare of the people. This article will analyze the effectiveness of zakat management in the modern economy. This research uses an empirical or sociological juridical approach and is analytically descriptive. Data collection methods in this research using documentation. Whereas the method of data analysis, carried out qualitatively juridical. The results of the research are the requirements for the fffectiveness of receiving zakat funds at Badan Amil Zakat Nasional; (1) Establish the concept of expansion in zakat obligations, (2) Management of zakat from fixed assets and non-permanent assets, (3) Accountable and professionally managed administration, (4) An accountable distribution; prioritizing domestic distribution, fair distribution, build trust between Muzakkī and Mustaḥiq zakat, (5) Job productivity through Islamic management and (6) Zakat distribution model in modern economy; distribution of zakat for poverty due to unemployment (a compulsion) and distribution of zakat for poverty due to unemployment of Khiyāriyah (an option).
DINAMIKA HUBUNGAN FOREIGN DIRECT INVESTMENT (FDI), MAKROEKONOMI DAN RETURN INDEKS SAHAM SYARIAH DI EMPAT NEGARA ASEAN
An-Nisbah: Jurnal Ekonomi Syariah Vol 8 No 2 (2021): An-Nisbah
Publisher : UIN Sayyid Ali Rahmatullah Tulungagung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21274/an.v8i2.4471

Abstract

Negara-negara kawasan Asia Tenggara tengah menyongsong integrasi pasar modal. Kehadiran momentum itu, dibutuhkan kondisi ekonomi masing-masing negara yang stabil dan pasar modal yang menarik. Momentum ini juga merupakan kesempatan pasar modal syariah untuk lebih dikembangkan di kawasan ini. Penelitian ini bertujuan untuk menguji pengaruh Foreign Direct Investment (FDI) dan variabel ekonomi makro yakni pertumbuhan ekonomi, inflasi, suku bunga acuan dan nilai tukar terhadap return indeks saham syariah di empat negara ASEAN yaitu Indonesia, Malaysia, Thailand dan Singapura. Periode penelitian sejak kuartal IV tahun 2006 sampai dengan kuartal I tahun 2020. Metode yang digunakan dalam pembuktian empiris pada penelitian ini adalah Autoregressive Distributed Lag Bounds Testing Approach (ARDL). Penelitian ini menemukan hubungan kointegrasi jangka panjang pada semua negara objek penelitian. Dalam hubungan jangka panjang dan dinamika jangka pendek, penelitian ini menemukan adanya variasi hasil dan arah koefisien di 4 negara ASEAN. Kecepatan penyesuaian kembali keseimbangan jika terjadi goncangan berturut-turut Indonesia, Malaysia, Thailand dan Singapura adalah 44.7%, 65.4%, 43.5% dan 50.0% per bulannya.
PENGELOLAAN DANA HAJI SEBAGAI BENTUK MANAJEMEN KEUANGAN PUBLIK
An-Nisbah: Jurnal Ekonomi Syariah Vol 8 No 2 (2021): An-Nisbah
Publisher : UIN Sayyid Ali Rahmatullah Tulungagung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21274/an.v8i2.4487

Abstract

Penelitian ini bertujuan untuk memberikan gambaran terkait mekanisme pengelolaan dan investasi dana haji yang ada di negara dengan penduduk mayoritas muslim. Negara yang dipilih dalam penelitian ini adalah Indonesia dan Malaysia. Penelitian dalam tulisan ini adalah penelitian kepustakaan, yakni penelitian yang data-data dan informasinya diperoleh dari sumber pustaka (bacaan) baik berupa buku-buku, hasil penelitian, berita dan bahan bacaan yang lainnya. Dari hasil penelitian didisimpulkan bahwa dana haji harus dikelola secara taransparan dan akuntabel serta selalu mengutamakan prinsip kehati-hatian karena dana haji tujuan utamanya adalah kegiatan ibadah yang termasuk dalam rukun islam, bukan untuk mencari keuntungan. Pemerintah harus bisa meningkatkan kepercayaan dari masyarakat dengan selalu meningkatkan pelayanan dan tata Kelola yang baik (good governance) dalam menjalankan tugasnya. Dana haji memiliki potensi yang sangat besar dan pengelolaannya harus ditujukan untuk kemaslahatan umat sebesar-besarnya.
THE URGENCY OF CENTRAL BANK DIGITAL CURRENCY (CBDC) IMPLEMENTATION; MAQĀSHĪD SYARĪ’AH PERSPECTIVE
An-Nisbah: Jurnal Ekonomi Syariah Vol 8 No 2 (2021): An-Nisbah
Publisher : UIN Sayyid Ali Rahmatullah Tulungagung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21274/an.v8i2.4500

Abstract

This study examines the urgency of the Central Bank Digital Currency (CBDC) with a maqashid Syariah perspective. The challenges of digital transactions have forced people to use cryptocurrencies without the use of asset assignments so that they have a big risk, this makes them illegal, while electronic money has not answered the challenges of digital transactions. The methodology used in writing this article is a descriptive qualitative method with a normative approach to analysis on maslahah and mafsadah contained in Maqashid sharia. The data used by the author is secondary data. The results of the study can be concluded that the implementation of Central Bank Digital Currency (CBDC) will provide more maslahah than mafsadah, while cryptocurrencies are currently widely traded freely by the Muslim community in general even though they are considered haram and illegal. This shows that the Central Bank Digital Currency (CBDC) has the urgency of its use in the economic practice of Muslims in general, with the same form but eliminating the bad elements contained in cryptocurrency, enforcing Islamic sharia, and saving the economy of the Muslim community according to Maqashid. sharia
ANALISIS PRAKTIK MINDRING MODERN
An-Nisbah: Jurnal Ekonomi Syariah Vol 8 No 2 (2021): An-Nisbah
Publisher : UIN Sayyid Ali Rahmatullah Tulungagung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21274/an.v8i2.4630

Abstract

This research aims to analyze the practice of Mindring Modern Jaya Mandiri in Kudus from the view of the National Sharia Council (DSN) fatwa of the Indonesian Ulema Council (MUI) No. 110/DSN-MUI/IX/2017 about sale and purchase contracts. This research is a qualitative research with a case study approach. The method used in this research is interview, observation, and documentation. The data validity technique used is triangulation, with analytical procedures including data reduction, data display, making conclusions and verification. The results of this study indicate that the practice of Mindring Modern Jaya Mandiri Kudus is not in accordance with the fatwa of DSN MUI No: 110/DSN-MUI/IX/2017. The use of the lease-purchase contract is not in accordance with the practice of mindring. The appropriate contract is bai’ al-taqsith.
THE ADVANTAGES AND CHALLENGES OF IMPLEMENTING SUKUK THROUGH BLOCKCHAIN TECHNOLOGY
An-Nisbah: Jurnal Ekonomi Syariah Vol 8 No 2 (2021): An-Nisbah
Publisher : UIN Sayyid Ali Rahmatullah Tulungagung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21274/an.v8i2.4665

Abstract

Financial instruments must be able to adapt quickly in the 4.0 era. One of the Islamic financial innovations highlighted at this time is the application of blockchain technology-based sukuk. This study aims to determine specifically the advantages of applying sukuk through blockchain technology and to scale the point of view regarding the challenges faced in applying sukuk through blockchain technology. This research uses a qualitative approach. The data collection technique used is literature study by collecting data from previous studies in the form of documentation of articles, journals or books as well as publication data from other parties. The data analysis techniques used were data reduction, data presentation, and conclusion drawing. The results show that sukuk can get many benefits from blockchain technology. Although blockchain has its advantages, there are risks and challenges that need to be resolved. In responding to this challenge, it is necessary to have a harmonious synergy among all stakeholders, from Syari'ah scholars, academics, to regulators and industry
WHAT DRIVES RETURN OF SUKUK IN THE LONG AND SHORT TERMS?
An-Nisbah: Jurnal Ekonomi Syariah Vol 8 No 2 (2021): An-Nisbah
Publisher : UIN Sayyid Ali Rahmatullah Tulungagung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21274/an.v8i2.4676

Abstract

This study aims to determine the effect of liquidity, inflation, and interest rates on the return of State Retail Sukuk (SUKRI) both in the short term and in the long term. Sampling in this study used a purposive sampling method by considering that the maturity of the series is the most recent and can be obtained in the secondary market and the data sources obtained from the monthly statistical reports of the Indonesia Stock Exchange (idx.go.id), the official website of Bank Indonesia (bi.go.id), as well as through a special request to The Indonesia Capital Market Institute (TICMI). Analysis of the data used in this study is a time series, namely research that is measured over a certain period of time. The period data used was in March 2017 on the grounds that the 009 Retail Sukuk as the object of this study were published in that month and ended in March 2020. The method used in this study is ARDL-ECM after going through the stationarity test and cointegration test. The results show that in the long term only the BI rate variable has a significant positive effect on Sukuk Returns, while in the short term only the Liquidity variable has a significant effect on Sukuk Returns. On the other hand, the inflation variable is known to have no significant effect on the Sukuk Returns in the long and short term. This research can be a reference for investors to make decisions in choosing SUKRI as their investment portfolio, as well as a consideration for the government in regulating risk management policies and determining the results offered to SUKRI which will be issued for subsequent series.
WASTE BANK AND COMMUNITY WELFARE IN SIDOARJO (MAQASHID SHARIA PERSPECTIVE)
An-Nisbah: Jurnal Ekonomi Syariah Vol 8 No 2 (2021): An-Nisbah
Publisher : UIN Sayyid Ali Rahmatullah Tulungagung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21274/an.v8i2.4864

Abstract

The originality of this research is where previous studies only discussed waste banks from the green economy perspective of maqashid sharia, or discussed economic empowerment only, but in this study it combines all aspects of previous research. This study aims to describe the role of the Sumringah waste bank in improving people's welfare, where the indicator used is Maqashid Syariah. This research uses qualitative research methods, with a case study approach. The waste management system at the Sumringah Waste Bank applies the 3R principle (reduce, reuse, recycle), this aims to motivate the community and increase awareness about managing waste independently from the source, as well as implementing a people's economy. The results of the analysis obtained indicate that there is prosperity in terms of: 1) Spirituality, namely by increasing alms Jariyah (hifz ad-din), 2) fulfilling mental needs (hifz an-nafs), 3) understanding about waste management and environmental hygiene (hifz al-nafs). aql), 4) maintenance of offspring (hifz al-aql), 5) income (hifz al-maal). The implication is as a behavior changer for the community, economic empowerment and quality of life of its members.
ZAKAT COLLECTION: POTENTIAL AND REALIZATION IN BAZNAS TULUNGAGUNG REGENCY
An-Nisbah: Jurnal Ekonomi Syariah Vol 8 No 2 (2021): An-Nisbah
Publisher : UIN Sayyid Ali Rahmatullah Tulungagung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21274/an.v8i2.4872

Abstract

Zakat is one of the pillars of Islam that plays a role in handling poverty in Indonesia. The potential for zakat in Indonesia is very large, as is the case in Tulungagung regency which was collected by Baznas Tulungagung regency. The amount of potential is not yet proportional to the revenue where the total collection is still far from the existing potential. The purpose of this study was to analyze the gap between acceptance and potential from a quantitative point of view through statistical methods. The method used is the independent sample test which shows that the receipt of zakat at Baznas Tulungagung regency in 2010-2020 is far below its potential which has only reached less than 1%. The highest revenue realization was in 2018 and 2016 which only reached 0.52% of GRDP.

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