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Jurnal

Tanggal Publikasi: 14 Nov 2022

Compiling a Sharia Indicators of Wedding Organiser

Penulis Muhammad Yusuf Ibrahim

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.

Jurnal

Tanggal Publikasi: 14 Nov 2022

Inefficiency In Sukuk Implementation In Indonesia: Data Envelopment Analysis

Penulis Muhammad Yusuf Ibrahim

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.

Jurnal

Tanggal Publikasi: 14 Nov 2022

Pemanfaatan Zakat untuk Pemulihan Ekonomi Pasca Pandemi Covid-19

Penulis Muhammad Yusuf Ibrahim

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.

Jurnal

Tanggal Publikasi: 14 Nov 2022

An Empirical Analysis of Islamic Banking (IBs) Contribution to Indonesia’s Inclusive Growth

Penulis Muhammad Yusuf Ibrahim

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.

Jurnal

Tanggal Publikasi: 14 Nov 2022

Christian Tithe vis-a-vis Islamic Zakat Concept: A Comparative Study in Socio-Economic Scope

Penulis Muhammad Yusuf Ibrahim

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.

 

Jurnal

Tanggal Publikasi: 14 Nov 2022

A Comparative Study Of Khaldun, Smith, and Marx Thinking about The Labor Theory Of Value

Penulis Muhammad Yusuf Ibrahim

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. 

 

Jurnal

Tanggal Publikasi: 28 Okt 2022

Inefficiency In Sukuk Implementation In Indonesia: Data Envelopment Analysis

Penulis Nurizal Ismail, MA

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.

Jurnal

Tanggal Publikasi: 28 Okt 2022

Penulis Nurizal Ismail, MA

Purpose

This study aims to analyse whether theories and views of classical Islamic scholars are widely adopted as references in Islamic accounting and finance (IAF), Islamic economics (IE) and Islamic business management (IBM) research studies as part of their contribution to solving current economic and financial problems.

Design/methodology/approach

The research adopts a qualitative meta-analysis methodology using NVivo 12 with selected data from 474 international journal articles published between 1981 and 2021. The study considers 172 IAF articles, 111 IE articles and 191 IBM articles.

Findings

The results of the study show that the use of theories and views of classical Islamic scholars is not widespread among the examined research papers. The findings show that 90% of researchers tend to acquire modern economics, management, psychological and sociological theories instead of classical theories. Both modern and classical theories have been discussed in the studied articles namely agency theory, stakeholders' theory, ḥisbah (accountability), maqāṣid al-Sharīʿah (objectives of Islamic law) and Waʿd (unilateral promise). The gaps prevail not only in the taxonomy of terms but also in the choice of paradigm references. It is found that 66% of the 474 journal articles adopt a positivist paradigm, followed by interpretivism (19%), post-structuralism (9%) and critical orientation (6%).

Research limitations/implications

This paper considers only ABS ranking journal articles. Future research may consider other journal articles from different ranking groups such as Scopus or Thomson & Reuters.

Practical implications

The paper sheds light on how Islamic educational institutions can develop strategies for the Integration of Knowledge (IOK) in their curriculum.

Social implications

This paper helps to shape the Muslims' way of thinking within an Islamic worldview which will lead to an Islamic way of expressing knowledge, skill and behaviour.

Originality/value

This paper contributes to the model of IOK that has been deliberated among Islamic universities, especially those that develop IAF, IE and IBM studies.