LAA MAISYIR : Jurnal Ekonomi Islam

Operational Efficiency, The Risk of Finance and Liquidity Towards The Profitability of Syariah Banking

Nisah Handayani — 2024-06-10

The background of the research begins in 2020. In that year a large number of clients withdrew massive amount of their money out of the bank. The banks had not fulfilled their obligation to their clients which, in return, caused issues with their liquidity along with other problems pushing them towards the brink of the bankcruptcy. The research employs a quantitative approach. It uses secondary data obtained from annual report on the website issued by the Bank Umum Syariah (General Syariah Bank) as seen on the official site of OJK and the bank site within the period of 2018 and 2022. The applied data analysis of the research is quantitative analysis using eviews statistics -10. The result of the research shows that first, the operatioanl efficiency does not significantly affect the profitability of Syariah Banks. On the other hand finance risks pose a significant influence towards the profitability of Syariah Banks. It can be concluded that the liquidity risk is denied and that it has positive yet insignificant effects to the profitability of Syariah Banks

The Influence Of The Board of Supervisors, Commissioners, and the Audit Committee To The Islamc Social Reporting With The Size of Company as a Moderation Variable

Yessy Anggriani — 2024-06-15

The protection for costumers fund deposited at the bank is a crucial aspect within the relationship between the bank and costumers. This is very important considering that costumers’ money is susceptible to a number of threats such as illegal practices by bank’s employees themselves or other parties through a variety of methods. This research aims at assessing the influence of the Board of Supervisors within the Sharia Bank, the Board of Commissioners, and the Committee of Auditing to Islamic Social Reporting. This research employs the company size as the moderation variable. The population and data used cover 15 general sharia banks registered at the OJK (the Indonesian Authority for Financial Service) in 2015 with 86 observation points. The analysis methods applied in the research are classical assumptions and regression test with Stata. The findings of the research indicate that the size of the Sharia Supervisor Board and the Sharia Supervisor Board Meeting with measurement moderation has positive impacts to the Islamic Social Reporting. The Islamic Social Reporting is very significant to ensure the companies comply to the sharia rules, to increase stakeholder trusts, to manage risks, and to support sustainable social and economic development.

The Impact of Zakah, Islamic Bank, Macroeconomic Variables on Unemployment Rate: Evidence From Selected OIC Countries

Ega Rusanti — 2024-06-20

The Organization of Islamic Cooperation (OIC) countries have experienced a significant increase in the unemployment rate, and some countries even have the highest unemployment rate in the world. This study aims to examine the effect of zakah, Islamic Bank, and macroeconomic variables consisting of economic growth, inflation and trade openness on the unemployment rate the Organization of Islamic Cooperation (OIC) members. The annual data on 40 OIC countries from 2012 to 2021 is employed on this research. The result shows that zakat and banking do not give significant influence on the reduction of unemployment rate while other macroeconomic variables have significant effect. This research can provide practical implications for decision makers, especially the government, to evaluate policies on zakat and Islamic banking so that they can influence the reduction of unemployment as well as other macroeconomic variables in OIC countries

The Implementation of Khyar in Online Purchase and in Increasing Costumers Satisfaction

Kamiruddin Amhy kamir — 2024-06-22

This research aims at encouraging students to implement khyar in online transactions and creating its’ application model in order to obtain costumers satisfaction. The research was initiated due to the development of common online purchase and transactions whose applications are different from that of khyar. This can also potentially cause the business to lose its’ element of spiritual blessings and be susceptible to fraud and loss on the side of the costumers. The crucial issue found in the research is that what students learn at schools or campus in theories are not in line with what the application of kyar in real life. The nature of the research is descriptive and qualitative and its’ object is the implementation of khyar in online purchase and its’ data source is taken from students of the Faculty of Islamic Business and Economy who make online purchase and transactions. The instruments of research are observations, interviews and field records and data tabulation techniques used are editing, descriptions and interpretations. The result of the research shows that the conceptual implementation of the khyar is agreed upon by all of the students except for five of them. There are vendors who sold their products over someone else’s bargain and there are those who denied products return while according to Islam that practice should be allowed under the ruling of khyar.

The Model of Union Agriculture in the Perspective of Shari’a Economy to Improve the Prosperity of the Working Farmers

Akmal Sutarman — 2024-06-23

The issue of agricultural profit sharing is still on going and commonly found in Enrekang who have been adopting the model in Union Farming (mangjampang lessuna). This research aims at finding the union farming practice in the subdisctrict of Anggeraja through the perspective of Islamic economy. The method used is the Phenomenology with qualitative approach. The data is taken from both the working farmers and the farm owners. The result of the research indicates that the disparity in profit sharing found within the union farming practices has generated issues and deemed unfair by the farmers. Among the factors that caused the difference in this system are the funders or investors, farmers themselves, non- binding agreement and humanitarian considerations. Through the viewpoint of shari’a economy the practice of union farming has not fulfilled the pact of Muzara’ah and therefore another model called Mangjampang Lassuna Syariah (MLS) is proposed as fair profit sharing farming concept. A good faming practice should not only aim at making profits but also ensuring prosperity and fairness for both parties.

Examining Muslim Friendly Tourism as a Strategy to Embrace Halal Tourism Prospects

Hilma Regita Syaharani — 2024-06-29

The high anticipation over tourism activities has given birth to a new industry within tourism which is the development of tourism village. This is expected to encourage a sustainable tourism such as the creation of Muslim-friendly tourism segment. This research applies a new criterion and assessment indicator that is more comprehensive and updated in order to measure the compatibility of tourist destination with the standard of global halal tourism. This research aims at observing efforts to develop a Muslim-friendly tourist destination in Desa Wisata Ketapanrame (The tourism village of Ketapanrame). The approach implemented in the research is qualitative approach with phenomenology and employs primary data. The result of the research indicates that the Ketapanrame village is a tourist destination that implements the Islamic sharia principles shown by adequate facilities of worship and certified halal food. Bowever, the Village of Ketapanrame has not comprehensively fulfilled the halal tourism standard such as partitioning the swimming pool and a number of other regulations in order to comply with through sharia regulation. The assessment on the tourism village displays that even though there have been significant efforts to create a friendly environment for Muslim tourists, there are still a number of areas that require improvements in order to achieve higher standards.

The Influence of Regional Taxes and Levies on Coffee Shops on Medan City Regional Original Income According to an Islamic Economic Perspective

Thariq Bin Ziyad Sitanggang — 2024-06-29

The decrease of local revenue on retribution and restaurant taxes in Medan during the year of 2020 has become interesting to be researched. It then slowly increased back in 2021. A significant raise of revenue also happened to the local retribution and restaurant taxes in 2022. However this was not followed by the local retribution that faced a decline back in 2022. The research aims at observing points to be analyzed and it is found that there are effects on retributions and taxes of coffee shops to the local revenue of Medan from the perspective of Islamic economy. The method of the research applies secondary data obtained from the Central Bureau of Statistics of Medan for five years, beginning in 2019 until 2023. The data information taken from the questions is collected using eviews 10 program. The result of the research indicates that the area of coffee shops has positive and critical influence to the local revenue of Medan. The territorial demands on the coffee shops have positive impacts to unique wages in the area of Medan city. Territorial demands and retributions on the coffee shops also have critical and positive effects to the local revenue of the city of Medan. In terms of Islamic finance system local demands and income are interesting factors that attract individual commitments and become the reasons for a prosperity full of blessings and mercy from Allah SWT.

Shariah Accounting in Indonesia: Lessons and Inspirations From Pakistan

Bastaka Ilham Akbar — 2024-06-30

This paper delves into the historical evolution of sharia accounting in Pakistan, reflecting on its significance and addressing contemporary challenges. This study discusses its relevance and future issues herein. Though this study focuses on a specific context of adopting Shariah into the overall framework of financial and economic sectors of Pakistan, the method incorporates the elements of historical methods, regulatory histories, industry evolutions. It analyses the significance of the sharia accounting on managerial practices, investment decisions and socio-economic growth. In this sense, the research exposes present-day problems and possibilities that apply to the continuous debate on Sharia accounting. Consequently, it provides a wealth of insight for Indonesia on the way forward to advancing Sharia accounting standards. The study uses Qualitative content analysis, according to the aim of ensuring that the research is holistic, a wide range of texts is used by the study.

The Efficiency of Financial Performance of Sharia Cooperation through the Data Envelopment Analysis Approach

Novia Pradina Putri — 2024-06-30

The sharia cooperation has an important role in catalyzing a country’s economy. However there is a lot of sharia cooperation institutions that are not performing quite well. This research aims at analyzing the efficiency value of sharia cooperation which is called Baitul Maal Wa Tamwil Surya Madani. The research employs the method of quantitative approaches of Data Envelopment Analysis and the 2019 - 2021 Constant Return to Scale. The secondary data obtained from financial report at three branch offices of BMT Surya Madani in the region of Boyolali. The measurement of efficiency rate uses inputs consisting of third party fund and other operational costs. The result of the research indicates that in 2018 there were two branch offices that experienced inefficiency and the two offices were BMT Surya Madani 2 and BMT Surya Madani 3. From 2019 to 2021 three branch offices of BMT Surya Madani were known to have accomplished efficiency value. It is worth noted that in order to achieve maximum efficiency value there are two approaches that need to be done namely minimizing inputs and maximizing outputs. The result of the research offers valuable understandings to the management of BMT Surya Madani and other sharia cooperation in improving their operational performance and efficiency in the future.

Performance and Value Of RGEC Sharia Bank: Evidence From Indonesia

Rahmat Kurnia — 2024-06-30

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