Purpose – This paper aims to explore the alignments of the Takaful industry between the Islamic and the International Financial Reporting Standards (IFRS) requirement and the subsequent social and political consequences.

Purpose – This study aims to analyze IFIs’ stakeholders’ perception on Shariah harmonization for financial reporting standards in Indonesia as a part of the development effort of linking the emerging global Islamic banking to Indonesian financial and industrial markets

This study aims to explore the urgency of converging the principles of environment protection and Sustainable Responsible Investment from the perspective of Maqashid Syariah into the selection process of Islamic Stock Index. In-depth analysis on current literature practices on Maqashid Syariah, hifdzul bi’ah and Islamic stock index. The convergence of Maqashid Syariah, in particular Hifzul Bi’ah and stock index screening process will allow a creation of a new Islamic index or rejuvenating current Islamic stock index in Indonesia. We suggest that Dewan Syariah Nasional to start implementing Maqashid Syariah and Hifzul Bi’ah principle in the process of stock screening for Islamic Stock Indexes. This study is among the first of its kind to offer integration of Maqashid Syariah in particular Hifzul Bi’ah to the Islamic stock index.

Perkembangan era digital membawa warna baru dalam dunia politik. Kehadiran media sosial telah mengubah perilaku dan kultur masyarakat dalam berkomunikasi dan mengkonsumsi berita. Permasalahan dari pengguna media sosial saat ini adalah banyaknya hoax yang menyebar luas, termasuk dalam dunia politik. Penelitian ini membahas bagaimana informasi hoax dimainkan dalam kampanye politik di era media sosial dan bagaimana bentuk informasi hoax politik yang beredar di media sosial selama masa kampanye pemilihan umum 2019. Metode yang digunakan kualitatif dengan penedekatan analisis konten memetika dari Shifman, dengan paradigma konstruktivistik. Penelitian ini menganalisis konten hoax di media sosial pada periode Agustus 2018 sampai dengan Januari 2019. Database hoax diperoleh dari rilis yang dikeluarkan Kemenkominfo yang dikonfimasi sebagai hoax melalui web turnbackhoax.id. Gagasan yang dibangun dalam hoax politik pada pemilu 2019 adalah kebencian kepada lawan politik. fitnah-fitnah yang ditujukan kepada lawan politik menjadi konten utama untuk menebar kebencian. Dalam hal bentuk, hoax yang disebarkan dalam gambar yang diedit dan dimanipulasi, foto tidak sesuai konteksnya, bersifat profokatif, judul baru lebih menjatuhkan seseorang, dan komentar buruk dari pengguna. Sementara sudut pandang gambar dan pesan yang diunggah menyarankan untuk tidak memilih salah satu kandidat, ajakan untuk para fans tokoh untuk mendukung salah satu kandidat, menyarankan untuk membenci salah satu kandidat serta tidak memilihnya dalam pemilu 2019.

Purpose

This study aims to propose priority solutions for mitigating the impact of the Covid-19 pandemic through the Social Safety Net (SSN) based on the Islamic objectives.

Design/methodology/approach

The analytic network process method is used in this study. Focus group discussions and in-depth interviews with relevant stakeholders were used to collect data and supplemented by a literature review to explore comprehensive information.

Findings

The findings indicate different opinions among experts, including regulators, practitioners, associations and academics regarding the most important priority solutions to the impact of Covid-19. However, experts agree that the highest priority solution is the SSN program in the lineage sector, specifically the distribution of the Family Hope Program. A program in the field of protecting the mind is the second priority solution. The program in the field of soul and wealth is the third priority solution.

Originality/value

This study contributes to the development of government policy to deal with the socioeconomic impact of Covid-19 based on the Islamic objectives by mapping the SSN through the five elements of protection, namely, faith, soul, mind, lineage and wealth protection based on priority solution.

Perkembangan era digital membawa warna baru dalam dunia politik. Kehadiran media sosial telah mengubah perilaku dan kultur masyarakat dalam berkomunikasi dan mengkonsumsi berita. Permasalahan dari pengguna media sosial saat ini adalah banyaknya hoax yang menyebar luas, termasuk dalam dunia politik. Penelitian ini membahas bagaimana informasi hoax dimainkan dalam kampanye politik di era media sosial dan bagaimana bentuk informasi hoax politik yang beredar di media sosial selama masa kampanye pemilihan umum 2019. Metode yang digunakan kualitatif dengan penedekatan analisis konten memetika dari Shifman, dengan paradigma konstruktivistik. Penelitian ini menganalisis konten hoax di media sosial pada periode Agustus 2018 sampai dengan Januari 2019. Database hoax diperoleh dari rilis yang dikeluarkan Kemenkominfo yang dikonfimasi sebagai hoax melalui web turnbackhoax.id. Gagasan yang dibangun dalam hoax politik pada pemilu 2019 adalah kebencian kepada lawan politik. fitnah-fitnah yang ditujukan kepada lawan politik menjadi konten utama untuk menebar kebencian. Dalam hal bentuk, hoax yang disebarkan dalam gambar yang diedit dan dimanipulasi, foto tidak sesuai konteksnya, bersifat profokatif, judul baru lebih menjatuhkan seseorang, dan komentar buruk dari pengguna. Sementara sudut pandang gambar dan pesan yang diunggah menyarankan untuk tidak memilih salah satu kandidat, ajakan untuk para fans tokoh untuk mendukung salah satu kandidat, menyarankan untuk membenci salah satu kandidat serta tidak memilihnya dalam pemilu 2019.

This paper aims to determine the Indonesia Supreme Audit Institution (BPK) strategic planning process which is authorized to carry out audits of governance and state financial responsibility. Through input process output approach, this paper also introduces a strategic thinking framework in strategic audit planning design. The input consists of the basic values of the BPK and the relationship model for management, organization and administration. NPG, SWOT and audit standards compliance are the process approaches used. The resulting output is a quality audit or good strategic planning which ultimately results in the achievement of the accountability organization maturity model and the impact on the achievement of the goals of the state.

Research on the Implementation of Islamic Economics in Indonesia as a Form of the Pancasila Economic System aims to find the rationale for its application within the framework of the Pancasila economic system. Islamic economic (Shari’ah Economic) values that are universal in nature which have dimensions of noble values in an effort to achieve economic prosperity are also an inseparable part of the Pancasila economic system. This chapter will analyze the implementation of Islamic Economics in Indonesia as a Form of the Pancasila Economic System using the normative legal research method. Economic sources literally come from the provisions of Islamic law, namely, the Qur’an, hadith, and Ijma. Economic activities in Islam form a part of worship, and muamalat has a divine dimension (vertical) as well as relationships with fellow human beings (horizontal relationships). This is different from other economic systems such as the system of Capitalism, Socialism, and the Welfare State whose studies are more the result of human thought and not divine issues. Pancasila has characteristics that were formulated by the founders of the Republic of Indonesia as a crystallization of the noble values that live in Indonesian society. The values contained in the precepts of Pancasila include Divinity, Humanity, Unity, Deliberation, and Social Justice. The first and fifth precepts of Pancasila are closest to the values related to the principles in Islamic economics.

This study aims to explore the urgency of converging the principles of environment protection and Sustainable Responsible Investment from the perspective of Maqashid Syariah into the selection process of Islamic Stock Index. In-depth analysis on current literature practices on Maqashid Syariah, hifdzul bi’ah and Islamic stock index.  The convergence of Maqashid Syariah, in particular Hifzul Bi’ah and stock index screening process will allow a creation of a new Islamic index or rejuvenating current Islamic stock index in Indonesia. We suggest that Dewan Syariah Nasional to start implementing Maqashid Syariah and Hifzul Bi’ah principle in the process of stock screening for Islamic Stock Indexes. This study is among the first of its kind to offer integration of Maqashid Syariah in particular Hifzul Bi’ah to the Islamic stock index.

Covid 19 has disrupted the global economic steadiness. Countries worldwide are now struggling to survive and to recover from the pandemic. Among lesson learned from the crisis is that the economy needs more help from philanthropic sectors. Islam has various altruistic mode of economic support. Research on Islamic philanthropy has also been performed from various aspects and methods. This study analyses research conducted during Covid-19, especially related to Islamic Philanthropy. Google Scholar Indexed articles are analysed to achieve the objective of the study. Systematic literature review, bibliometric analysis, and Atlas.ti word cloud are also employed to answer the research questions. The results showed that there are various proposals offered by authors. Waqf models combined with Islamic commercial contracts are the most proposed scheme offered to assist the economic recovery during and post-Covid 19. Keywords: Covid 19, Islamic Philanthropy, Recovery Proposals

Thisstudy is a literature study on the thought of Baqir As-Sadr in a national wealth management. This study is also explain aboutthe background of Baqir As-Sadr and the basis of his thought in the wealth management. This study adopting a qualitative approach with dual-stage analysis, that is a literature review method to analyze the thought of Baqir As-Sadr in national wealth management. Futhermore, descriptive analysis method to explain about Baqir As-Sadr thought of national wealth management in context of Indonesia. The result of this study shows the aims of national wealth management is prosperity. To achieve that purpose, a several strategic policy is required to be implemented, such as abolition of private land ownership. The private sector only has use rights or land management rights. This is intended so that production can be controlled according to needs and the state can regulate its distribution

Pasar  wisata  religiyang  berupa  penyelenggaraan  ibadah  umrah,  sangat besar potensinya di Indonesia. Ratusan ribu jamaah tiap tahun berangkat ke Baitullah dengan menggunakan moda transportasi pesawat terbang. Salah satu maskapai yang menyediakan layanan penerbangan bagi jamaah umrah adalah PT. Garuda Indonesia (Persero), Tbk. Pada tahun 2019 Garuda Indonesia mengeluarkan surat edaran GA Info yang berisi perubahan sistem penjualan secara langsung untuk tiket rute Middle East(Jeddah dan Madinah) menjadi sistem penjualan wholesaledengan menunjuk 6 mitra  penjualan.  Pada  tahun  2020  Komisi  Pengawasan  Persaingan  Usaha  (KPPU) mendenda Garuda sebesar 1 miliar atas Praktek Diskriminasi terkait Pemilihan Mitra Penjualan Tiket Umrah Menuju dan dariJeddah dan Madinah. Lalu Garuda Indonesia menggugat  keputusan  KPPU  ini  ke  pengadilan  dan  pada  tanggal  22  Maret  2022 Mahkamah Agung (MA) Republik Indonesia menolak kasasi Garuda Indonesia atas putusan  KPPU. Praktek  monopoli  dan  persaingan  tidak  sehat sertadampaknya terhadap  keadilan  sosial disinggung  oleh  ulama  Yahya  bin  Umar  dalam  kitabnya Ahkam  al-Suq.  Tulisan  ini  akan  membahas  kebijakan monopolistik Garuda yang menciptakan persaingan usaha yang tidak sehatmenurut perspektif Yahya bin Umar.

The sharia wedding organizer industry is starting to provide an alternative sharia version. However, no specific index can be used as a standard for sharia compliance of a wedding organizer. This study aims to compile a sharia wedding organizing index from the perspective of Maqashid Sharia. The sharia wedding organizer index can then be used as an indicator in viewing the sharia wedding organizer. By using a literature review method, this study will collect literature in the form of postulate and previous studies as a basis for compiling an index. In calculating the weights, this study uses the Simple Additive Weighting approach. The primary basis for compiling the index is the Maqashid Sharia index theory by Al-Ghazali. The findings show that 13 indicators are used as indexes that measure the sharia of the wedding organizer. The indicators are seclusion, tradition, pre-wedding, make-up artist, prayer time, eating etiquette, food, fashion style, contract form, package options, transaction medium, music, and marriage motivations. This study is the first to compile a list of sharia requirements and rules that sharia wedding organizers must meet.

This study aims to measure the efficiency value of Retail Sukuk issuance and to see what factors influence the inefficiency of Sukuk both internally and externally, to provide alternative strategies for the government to achieve Retail Sukuk efficiency. The used method in this study is a Data Envelopment Analysis (DEA) using MaxDEA 6.1 software and interviews with relevant sources. Based on the analysis using the DEA method, it is known that in overall (CRS) and scale, there are 5 series that achieve efficient values or namely SR006, SR008, SR009, SR010, and SR011. The source of inefficiency in Retail Sukuk is dominantly influenced by the Coupon and Total Employee variables. Where coupons have an effect of 41% and total employees by 26% and also fee marketing.

The research is aim to analyze the effect of the zakat instrument on poverty and unemployment and test the zakat instrument as an alternative solution to the economic impact of the middle to the lower-class post-pandemic community. It uses least square regression as the method of analysis. Where the method is in line with the research objectives which is to test the form of the relationship and the level of significance of the effect of the observed variable. Findings show that H0 1 is rejected and H1 1 is accepted, or the zakat instrument has a negative relationship with the poverty and unemployment instrument. As well as the zakat instrument also has a significant effect on the poverty and unemployment instrument or H1 2 accepted. This research is limited to the geography of Indonesian research. By taking secondary data from reliable sources related to research topics, such as the Baznaz and BPS websites. The time interval for data in this study was taken from 2002 to 2019. Developed by Beik & Arsyanti (2016) and published in the journal of Islamic monetary economics and finance 1 (2) pages 141-160 with the title Measuring Zakat Impact on Poverty and Welfare using the Cibest Model. And current research will review empirical evidence through secondary data about the effectiveness of the zakat instrument in overcoming economic problems in middle to lower society, especially regarding poverty and unemployment. This aims to strengthen the reasons for submitting zakat instruments to be applied as an alternative solution for post-pandemic economic restoration tools. By taking case simulations from previous crises and testing their effects in the long run. Therefore, in the current research, the method that will be applied is least square regression. Because it is to the objectives and research conditions at this time. It is a form of refinement on previous research and development with the latest economic cases.

The research is aim to attest and assess empirically the contribution of Islamic banking (IBs) on the inclusive growth in Indonesia. By taking a trial-stage method i.e. descriptive analysis to elaborate statistical data, an autoregressive distributed lag (ARDL) model to assess empirically the contribution in the long-term, and an error correction model (ECM) to assess the contribution in the short-term empirically. The findings are, total deposits and total financing only contribute positively significantly to GDP and Gini ratio in the long-term, that similar to the previous study. Then, total financing contributes negatively to all indicators of inclusive growth in the long-term, but, its only significance is on GDP and Gini ratio. This means it contributed significantly to all indicators in the short term.

This study aims to compare a social fund concept in Islam and Christianity. Comparing a tithe as an instrument of Christian social funds and zakat as an instrument of Islamic social funds. Moreover, this study will delve into a scheme of each concept and compare its efficiency in achieving socioeconomic goals. The study applied dual qualitative methods. The first is the literature review method, which is used to identify relevant theories of a study. Theories will be compared by a second method, that is, the qualitative comparative analysis method. The findings are, tithe and zakat have the same objective, that is, human prosperity. But, both of these differences in the collecting and distribution procedure. A tithe is collected of 10% from a congregation when he gets sustenance. And the distribution is left to the church for any purpose. Meanwhile, the total collection fund of zakat is only 2.5% per Muslim. Then, it's only obligated to a man who meets the requirement. Distribution concept that was regulated in Islamic scripture (Qur'an). The research only compares a tithe and zakat instruments as a representation of Islam and Christian social funds.

The value of the goods or commodities depends on the worker's performance, according to the labor theory of value. Therefore, every worker must have a clear calculation of receiving wages. But how to determine the right calculation for the wages of a worker? In this case, Islam, capitalism, and socialism have their respective views. So, this study aims to determine the views of the three schools about the labor theory of value. The method used by researchers in conducting this research is to use the method of literature study and comparative analysis. And to compare the thoughts of the three schools of economics, the researcher refers to the figure of the school's experts as representatives. Researchers chose Khaldun from the Islamic side, Adam Smith as a representative of capitalism, and Karl Marx as a reference figure for socialism. 

 

Islamic banking faces new challenges due to the instability of global economy. The condition requires a strong management to avoid the adversely effect of company's performance, indicated by the increasing of NPF. Therefore, it is necessary to find out the management problems in controlling NPF level, analyse the management implementation model, and formulate priority strategies. The management aspects evaluated are managerial capabilities, business strategy, Good Corporate Governance, and financing supervision. The method used is Analytic Network Process with two groups of respondents, namely Islamic banking practitioners and experts. The result shows that the main problems of management in controlling NPF are i) inconsistency business strategy, ii) low competitive advantage, iii) lack of education on risk management, iv) low leadership skills, and v) lack of monitoring and supervision. Meanwhile, the management implementation model for controlling NPF is showed in the form of causality relationships, in which explains the effectiveness to control NPF that influenced by the success of management in addressing problems in aspects of business strategy and managerial capability. The strategies to be implemented are i) develop business strategy periodically, ii) create distinctive values, iii) review business strategies regularly, iv) risk management training, v) leadership training, and vi) sharing sessions.

Tujuan - Tujuan dari penelitian ini adalah untuk mempelajari dan menganalisis mekanisme penentuan penerima mafaat uang pertanggungan jiwa asurasi syari’ah dan status kedudukan atas manfaat pertanggungan jiwa dalam perspektif hukum Islam di PT. Asuransi Allianz life Indonesia unit syari’ah distribusi bancassurance Maybank.

Desain/metodologi/pendekatan – Untuk mencapai tujuan tersebut, penelitian ini menggunakan metode kualitatif dengan pendekatan deskriptif. Pengumpulan data dilakukan dengan mengadakan observasi (pengamatan), interview (wawancara) dan studi dokumentasi. Analisis data dilakukan dengan melakukan pengumpulan data, reduksi data, penyajian data, dan penarikan kesimpulan dengan mereview data dan teori yang telah dibangun dalam penelitian. Pengecekan keabsahan data dengan triangulasi sumber.

Temuan – Hasil penelitian menunjukkan bahwa mekanisme penentuan penerima manfaat atas uang pertanggungan jiwa di PT. Asuransi Allianz life Indonesia unit syari’ah distribusi bancassurance Maybank merupakan hak prerogratif peserta asuransi, baginya diperbolehkan memilih dan menunjuk penerima manfaat dengan syarat antara pihak yang diasuransikan dengan termaslahat/penerima manfaat ada hubungan insurable interest. Dengan skema pemberian (hibah) uang pertanggungan, adapun hibah tersebut baru bisa berlaku setelah pihak yang diasuransikan meninggal dunia dan klaim atas uang pertanggungan jiwa disetujui (hibah muallaqah bi syarth maut al wahib). Kedudukan uang pertanggungan jiwa pada asuransi Allianz syari’ah adalah sebagai mauhub (harta benda yang diberikan), sedangkan pihak yang diasuransikan menempati kedudukanya wahib (pemberi), termaslahat menempati kedudukanya mauhub lahu (penerima).

Keterbatasan/implikasi penelitian – Studi ini meminta perhatian DSN-MUI dan regulator untuk mengeluarkan fatwa dan peraturan bahwa kedudukan uang pertanggungan jiwa adalah sebagai mauhub (harta benda yang diberikan), Pihak yang diasuransikan menempati kedudukanya wahib (pemberi), dan Termaslahat menempati kedudukanya mauhub lahu (penerima). Sehingga dengan dasar fatwa dan peraturan tersebut perusahaan asuransi syari’ah bisa mencantumkan dalam klausula polis perihal kedudukan uang pertangguan jiwa dalam asuransi syari’ah adalah sebagai mauhub.

Orisinilitas/nilai – Hal ini menambah literatur tentang mekanisme penentuan penerima mafaat uang pertanggungan jiwa asurasi syari’ah dan status kedudukan atas manfaat pertanggungan jiwa tersebut dalam perspektif hukum Islam. Studi ini juga berkontribusi menghindari konflik sesama ahli waris terkait pembagian tirkah karena kedudukan uang pertanggungan jiwa asurasi syari’ah adalah sebagai mauhub bukan tirkah.