Jurnal Ekonomi

Abstract

The purpose of this research is to know the Implementation of Fatwa DSN-MUI NO. 96/DSN-MUI/IV/2015 Concerning Hedging Transactions on Forward Exchange Contract.The data used are primary and secondary data. Primary data is the source of research data obtained directly from original sources in the form of interviews, opinions of individuals or groups and the results of observation. Secondary data is the source of research data obtained through intermediate media, books, records, and archives published or not published in general. According to the fatwa No. 96/DSN-MUI/IV/2015 about sharia hedging the conclusion of this study is forward exchange contract transactions not in a accordance with Islamic shari’a. DSN-MUI asserted that the concept of wa’ad must occur between the two parties who are bound by the transaction agreement, it is different from the Forward Exchange Contract that only uses the concept of single wa’ad (one party is bound) only.Islamic banks also have difficulty in determining the status or hedging transactions in Forward Exchange Contract. In addition, the implementation of the fatwa DSN-MUI on sharia hedge is still limited in certain areas only.

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Abstract

The income of the Muslim community in the village of Bandar Kidul Kecamatan Mojoroto Kediri is mostly a woven cloth businessman who became the livelihood for the Muslim community in Bandar Bandar Kidul. This effort has been fostered by Bank Indonesia which is the Central Bank which is very supportive of this ikat business. Most of the Muslim community’s income in Bandar Bandar Kidul comes from ikat business. When the ikat orders surged high, the income of the community will also increase and affect the consumption behavior of the Muslim community in the village of Bandar Kidul Kecamatan Mojoroto Kediri. This research uses the descriptive qualitative method with case study research strategy. Methods of data collection using interview method. Interviews were conducted with eight informants, namely ikat weaving businessmen and caretakers of pesantren huts. Based on the results of the study, the researcher can conclude that income has a very big impact on consumption behavior of urban Muslim community in the village of Bandar Kidul Kecamatan Mojoroto Kediri with some indicators namely; The first indicator with the amount of expenditure, the second indicator with the indicator of Islamic consumption, and the third indicator is the indicator of need fulfillment. Of the three indicators above can be seen that income has a positive impact on the consumption behavior of urban Muslim communities in the village of Bandar Kidul Kecamatan Mojoroto Kediri. This is evidenced by the amount of expenditure that is adjusted to the income, pay attention to the goods consumed for halal and thayyib and not extravagant and exaggerated, the fulfillment of income-adjusted needs.

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Abstract

This study aims to determine the implementation of istishna in application home financing Developer Property Sharia Bogor. This research using descriptive qualitative research to according This type of research was descriptive qualitative research with illustrative for solving the problem. The result of this research is Akad or transaction that applied by Developer Property Sharia using istishna without interest, without penalty, unguaranteed of goods belong to a buyer, and price credit is fixed until paid off.

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Abstract

The aims of this research are to analyze the internal and external factors which affect the profitability of sharia banks in the period 2011-2015 per-quarter. This research using panel data regression method. The results show  that the capital (CAR) has no effect on profitability (ROA), Inflation has no effect on profitability (ROA), Liquidity (FDR) has influence on profitability (ROA), while efficiency (BOPO), Non Performing Financing (NPF), and Gross Domestic Product (GDP) have a negative and significant effect on the profitability of sharia banks.

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Abstract

The purpose of this study is to analyze the exchange rate, inflation, Gross Domestic Product (GDP), and the interest rate of commercial bank deposits on the amount of demand for foreign currency deposits in Bank Syariah Mandiri. The approach in this research is quantitative by using quarterly data from the year 2008 until 2016. The method of analysis in this research is Multiple Linear Regression which processed by using SPSS 20.0 and Microsoft Excel 2013 software. The result of the analysis shows that partially exchange rate, GDP, and the interest rate on deposits of commercial banks have an effect on foreign currency deposits, while the inflation variable has no effect. While simultaneously variables of the exchange rate, inflation, GDP, and interest rate of commercial bank deposit influence to foreign exchange deposit equal to 82,4%, and the rest 17,6% influenced by other variables not included in this research model

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Abstract

This study discusses the business transactions in the contemporary context. In the transactions, there are pillars and terms that must be done by a seller and buyer. The purpose of the study is to see the pillars and terms of the online transactions that are rampant at this time. This study uses a descriptive-analytic approach that compiles and describes the outcome of the problem. The results of this study is online transactions currently provide convenience in transactions for sale and purchase product for sellers and consumers. With so many models of transactions today, we should be more careful and conscientious in trading contracts without reducing the essence of pillars and the terms of transactions in accordance with Islamic religious law.

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Abstract

This research discussed the settlement of sharia economic dispute in the environment of the religious court. The objective of the researchers analyzed the settlement of sharia economic dispute by litigation way in religious court. This research was the subject of thought to discuss the completion of dispute sharia economy in the religious court and analyze how a judge in taking legal decisions and using legal sources to be used as a reference in solving the dispute sharia economy. This research used descriptive analytic approach that was collecting and describing the results of subject matter then dissected by analyzing the object of research with primary and secondary data

The results obtained were that the judges in resolving the dispute sharia economy using existing legal sources, both formal or material sources. but existing sources of law will not be able to run optimally without adequate legal competence. it is expected that the public should prioritize good behavior in conducting transactions in order to avoid the disputes that can arise in a transaction in order to create a safe and peaceful life.

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Abstract

The ongoing global financial crisis is just a repeat of financial crises which have occurred one after another since the England crisis in 1825. The crises have subsided in the period under Bretton Woods Agreements (BWA) in 1950-1972, with the implementation of the gold standard. The crises have reemerged with the collapse of BWA in 1971, and up to 2011, there are 421 financial crises covering 147 banking crises, 218 currency crises (10 episodes in 2008-2011), and 66 sovereign debt crisis, including 68 twin crises and 8 triplet crises (Laeven and Valencia, 2012). These repeated man-made financial crises happened due to the transgressions of God’s laws in financial dealings, especially in the abandonment of main pillars of Islamic financial system, namely prohibition of ribā (usury or interest), prohibition of maysir (game of chance or speculation) and prohibition of gharar (excessive uncertainty), in their many forms, as well as due to misbehaviors of economic actors, poor governance and unsustainable fiscal system.

This study applies Analytic Network Process (ANP) to determine the main root causes of the financial crisis from Islamic economic perspective which are grouped into five clusters, namely: Misbehavior, External Factor, Poor Governance, Unstable Monetary System and Unsustainable Fiscal System. Each cluster will have six relevant elements obtained from literature and in-depth interviews with several experts.

The ANP results show that the main root causes of financial crisis from Islamic economic perspective are Social Instability (External Factor), Speculation (Misbehavior), Ineffective Fiscal System (Unsustainable Fiscal System), Hedonism (Misbehavior), Fractional Reserve Banking System (Unstable Monetary System), Political Instability (External Factor), Corruption (Poor Governance), Interest Rate (Unstable Monetary System), Fiat Money (Unstable Monetary System), and Wrong Man in the Wrong Place (Poor Governance). These main root causes should be removed gradually in order to systematically and gradually improve the stability of financial system so that financial crisis will not reappear again and again in the future.

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Abstract

The tourism sector is basically an activity related to tourism objects and tourism support activities. The development of tourism object area has multiple effects because it can encourage the accretion of various other economic activities. Tourism in Lampung, especially along the coastal Pesawaran district, has many potential attractions of the region that these are quite interesting, especially beaches, sea, an island. Nowadays in Pesawaran district, there are no marine tourism places labeled syari’ah but if the tourist attractions are already fulfilled criteria syari’ah-based, then the tourist attractions that have been classified as a syari’ah tourist place. This research is associative that is research which intends to conduct examination and measurement of problem represent attitude based on the fact. The results of this study obtained an overview of two important indicators, namely: for the services provided by the tour guide that only a man making the inconvenience of female tourists in doing diving or snorkeling. For the facilities provided Pahawang island tour of the availability of bathrooms, food and homestay are not suitable to Islamic syariat, this can be seen from the lack of clean water for ablution, food that is not guaranteed cleanness and halalness and there is no separation between homestay men and women.

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Abstract

This study aims to describe the implementation of the principles of good corporate governance at the Pondok Pesantren Al-Fattah, Sidoarjo. The method used to determine the informant is purposive sampling. In this qualitative research data collection using interviews, documentation and observation. From these results, it can be concluded that the implementation of the principles of good corporate governance in Pondok Pesantren As-Shafi’ites good enough. This is evidenced by the development of cottage pesntren which is constantly increasing. Suggestions for boarding is better optimize the principle of independency for the success of future schools.

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