• A Comparative Study on Poverty Alleviation Between Moslem and Non Moslem Populated Countries

      Hudaifah, Ahmad; International University of Cement Indonesia; Ajija, Shochrul Rohmatul; Universitas Airlangga (Faculty of Shariah and Law, 2016-12-13)
      The paper attempts to explore the problems and roots of poverty, the poverty alleviation progress, programs and policies between selected Muslim populated-countries in Asia and selected non Muslim populated-countries in Latin America. By conducting comparative analysis on statistical data, literature surveys, several journals, official reports and reliable research findings, all sources have been examined to construct comprehensive findings in the present article. Three important conclusions are derived. Firstly, by definition, a person who earns bellow2 USD per day is considered “poor” according to the World Bank, and they are mostly living in rural areas and suburban slums. Moreover the reason of why they become poor is universally due to marginalizing in the process of developments. Second, poverty alleviation efforts in both particular groups of countries have resulted in a better outcome, whereby the number of poor decreased gradually according to statistical data reported by the World Bank. Other economic indicators like GNI per capita and inequality of income have shown better patterns. Third, there have been different strategic policies and programs implemented between the two groups of countries. The role of zakah, infaq, sadaqah and Islamic economic notions play a very significant role in Muslim populated countries, on the other hand, non Muslim populated countries tend to create more radical and creative strategies such as agendas of land reform and tourism industry development. 
    • A Developing Model Of Relationship Among Service Quality, Consumer Satisfaction, Loyalty and Word of Mouth In Islamic Banking

      Suryani, Suryani; STAIN Malikussaleh Lhokseumawe; Hendryadi, Hendryadi; Faculty of Economic Attahiriyah Islamic University (Faculty of Shariah and Law, 2015-03-30)
      This  research  aims  to  develop  a  measurement  tool  of  service  quality  in  Islamic banking sector, and examine its relationship among satisfaction, word of mouth (WOM),  and  consumer  loyalty.  A  convenience  sampling  of  235  respondents collected  from  seven  locations  in  the  Lhokseumawe,  Aceh.  Partial  least  square -structural equation modeling- (PLS-SEM) was used to test the research hypotheses. The results revealed that the quality of service has four dimensions, they are: service portfolio and assurance/SPA, tangibles/TAN, reliability of communication/COM, and Islamic values/IVA. The PLS-SEM results suggest that SPA and COM are dominant factors affecting satisfaction, and satisfaction were significantly related to WOM and loyalty. Loyalty also positively and significantly related to WOM.DOI:10.15408/aiq.v7i1.1357
    • A New Paradigm in Islamic Housing: Non-Bank Islamic Mortgage

      Firmansyah, Egi Arvian; Universitas Padjajaran; Gunardi, Ardi; Universitas Pasundan (Faculty of Shariah and Law, 2018-05-10)
      An increasing demand for a sharia-compliant housing has resulted in a new initiative where the mortgage can presently be directly handled by the developer without involving the bank. This is called non-bank Islamic mortgage. This paper is aimed at portraying the consumer’s profile of non-bank Islamic mortgage and the issues of this practice. We disseminated questionnaires to the respondents in several cities in West Java who bought the house-using non-bank Islamic mortgage scheme. Subsequently, we synthesized the answers regarding their profiles and issues of the scheme for the betterment in the future. One of the issues of this scheme is the higher fraud because there is no rigorous credit scoring as conducted by the bank. The research of non-bank Islamic mortgage is still scant so this paper is expected to shed the light by contributing to the literature of Islamic home financing.DOI: 10.15408/aiq.v10i2.7274
    • A POTENTIAL OF BAITUL MAL WA TAMWIL (BMT) IN DEVELOPING THE BORDER AREA OF INDONESIA - MALAYSIA

      Maulana, Muhammad Iqbal; Akbar, Nashr (Faculty of Shariah and Law, 2019-08-29)
      Indonesia border area (West Kalimantan, Sambas) - Malaysia (Sarawak) is a potential area. Strategic location and direct borders with other countries such as Malaysia make this area easy to interact economically with neighboring countries, either in the form of Asean Economic Community (MEA) or Brunei Indonesia Malaysia Philippines - East Asian Growth Area (BIMP - EAGA). But the reality is there are still socio-political and economic disparities. An unanticipated social and economic gap will interfere and affect the pattern of national development strategies, and affect national interests. Therefore, the border area of ​​Indonesia (West Kalimantan, Sambas) - Malaysia (Sarawak) should be built and developed in order to eliminate the gaps that occur. This research tries to know the potential of Baitul Mal wa Tamwil (BMT) in developing border area of ​​Indonesia - Malaysia by prioritizing welfare approach. The decision framework is structured using the ANP approach of the Benefit Opportunity Cost Risk (BOCR) network. All BOCR elements are reviewed from a community perspective and obtained through in-depth interviews with experts (academics), regulators, and practitioners. The results of this study conclude that the benefits and opportunities aspects have significantly more weight than the load and risk aspects. Alternative strategies are also proposed in this study to maximize benefits and opportunities and minimize costs and risks. An alternative strategy considered to be the first priority to be implemented according to respondents is the capital of third parties. Keywords: ANP-BOCR, BMT, Border Area
    • AGAMA DAN KEHIDUPAN EKONOMI MENURUT SJAFRUDDIN PRAWIRANEGARA

      Abbas, Anwar; Majelis Ulama Indonesia (Faculty of Shariah and Law, 2015-10-31)
      Sjafruddin Prawiranegara, a national leader and economic scholar, has been recognized his expertise in managing the economy of Indonesia. However, many people do not yet comprehend his concepts of economic thought, linking him to Islam. Sjafruddin was belief of the truth of his religion and for that reason, he invited Muslims to believe the teachings of his religion. To that end, according to Sjafruddin, Muslims should bring out his religion teaching in organizing and managing its economic life. Thus, all economic activities of Muslims should be accordance with the provisions of his religion.DOI: 10.15408/aiq.v5i1.2556
    • Akad Murokab on the DSN-MUI Fatwa and its Effect on Islamic Bank Funding Products

      Politeknik Negeri Jakarta; Fatah, Dede Abdul; Muchtasib, Ach. Bakhrul; Rahmatullah, Indra; Soydan, Mustafa Zafer (Faculty of Shariah and Law, UIN Syarif Hidayatullah Jakarta, 2022-06-20)
      The study determines whether Islamic bank management understands hybrid contracts in the DSN-MUI funding fatwa and its influence on developing funding products in Islamic banks. The type of research used is normative juridical to examine the application of Islamic legal rules both at the methodological level (uṣul fiqh) and fiqh rules and at the product level (fiqh). The primary data of this study comes from the DSN-MUI fatwa and interviews to explore the understanding of Islamic bank management towards hybrid contracts in the DSN-MUI funding fatwa. This study indicates that from eight fatwas on DSN- MUI funding products, only fatwa No. 86 and 87 containing hybrid contracts. There are several theoretical frameworks, standards, and limitations (ḍawābiṭ) that the DSN-MUI has determined. The study also shows that the management of Islamic banks, generally, has understood the theoretical framework, standards and limitations of hybrid contracts on Islamic bank funding products only in textual concept. The textual understanding can increase the portfolio of funding products. This can be evidenced by the increasing portfolio of muḍārabah savings and income smoothing programs at Islamic banks.  Abstrak Penelitian ini mengkaji apakah manajemen bank syariah memahami kontrak hybrid dalam fatwa pendanaan DSN-MUI dan pengaruhnya terhadap pengembangan produk pendanaan di bank syariah. Metode yuridis normatif digunakan untuk mengkaji penerapan kaidah hukum Islam baik pada tataran metodologis (ushul fiqh) dan kaidah fikih maupun tataran produk (fikih). Data utama penelitian ini bersumber dari fatwa DSN-MUI dan wawancara untuk menggali pemahaman manajemen bank syariah terhadap multi akad pada fatwa pendanaan DSN-MUI. Penelitian ini menunjukan bahwa dari 8 fatwa produk pendanaan DSN-MUI hanya fatwa No. 86 dan 87 yang terdapat multi akad dengan beberapa kerangka teori, standar, dan batasan-batasan (ḍawābiṭ) yang telah ditentukan oleh DSN-MUI agar tidak terjeurumus pada multi akad yang dilarang. Penelitian ini juga menunjukan bahwa manajemen bank Syariah secara umum sudah memahami kerangka teori, standar dan batasan-batasan multi akad pada produk pendanaan bank Syariah pada konsep tekstual di mana dapat mempengaruhi peningkatan portofolio produk penadanaan. Hal ini dapat dibuktikan dengan meningkatnya portofolio tabungan mudharabah dan program income smoothing di bank Syariah.
    • Alms Giving Behavior of Muslim Communities in Indonesia and Malaysia: A Comparative Study

      Universitas Mercu Buana & University Malaysia Sabah; Azhari, Hifizah Nur; Taat, Muhamad Suhaimi; Anwar, Saiful; Fakhri, Ulumuddin Nurul (Faculty of Shariah and Law, 2020-06-30)
      The study aims to (1) find factors influence funding activities through formal and informal zakah institutions for Indonesian and Malaysian Muslims; (2) find the most significant factors that influence funding activities through formal and informal zakah institutions for Indonesian and Malaysian Muslims; (3) compare the generosity of Indonesian and Malaysian Muslim communities. 564 purposive sampling of Muslim communities in Malaysia and Indonesia participated in this study. Artificial Neural Network (ANN) analysis used as a data analysis tool. Two measurement tools used to examines variables, namely; Questionnaire on planned behavior and Questionnaire of trustworthiness. The result is that the most significant factor influencing charity behavior of Malaysian Muslim society is injunctive norms (42.12%). This is followed by descriptive norms (20.50%) and moral norms (14.49%). Whereas among the Indonesian Muslim community, the most significant factor driving people to give alms is the Injunctive Norm (51.55%). This is followed by past behavior (18.06%) and attitude (13.59%).
    • An Innovative Fintech Model for The Enhancement of Akhuwat Microfinance Practices

      Shahid, Mohammad; Khaliq, Ahmad; Mohtesham, Mohammed Meeran Jasir (Faculty of Shariah and Law, UIN Syarif Hidayatullah Jakarta, 2022-01-07)
      Abstract. To accelerate Akhuwat microfinance growth and lessen its cost to assist the poor, the current study proposes Fintech Rich Hybrid Islamic Micro-Finance (FRHIMF) model. This study adopts a qualitative approach relying on the content analysis of secondary sources, such as research articles, journals, conference papers, and websites. The study reveals that to achieve socio-economic mobility, poor people are in requisite of adequate financing. However, Islamic commercial banks generally finance major businesses and medium- to high-income proficient workers in consumer finance. Thus, the poor are unable to access funding to meet their liquidity constraints and the needs of small business finance. Akhuwat microfinance is a globally renowned institution that has played a vital role in supporting the underprivileged community. The implementation of FRHIMF has greater potential to increase Akhuwat microfinance accessibility.Keywords.  Microfinance, Akhuwat, Poverty, Fintech Rich Hybrid Islamic Micro-FinanceJEL: D64,O1,O2 Abstrak. Untuk mempercepat pertumbuhan keuangan mikro Akhuwat dan menekan biayanya untuk membantu orang miskin, studi ini mengusulkan model Fintech Rich Hybrid Islamic Micro-Finance (FRHIMF). Studi ini mengadopsi pendekatan kualitatif dengan melakukan analisis konten terhadap  sumber-sumber sekunder berupa hasil-hasil penelitian, jurnal, makalah konferensi, dan situs web. Kajian ini mengungkapkan bahwa untuk mencapai mobilitas sosial ekonomi, masyarakat miskin membutuhkan pembiayaan yang memadai. Namun, bank syariah umumnya membiayai bisnis besar dan pekerja terampil berpenghasilan menengah ke atas untuk pembiayaan konsumsi. Dengan demikian, masyarakat miskin tidak dapat mengakses pendanaan untuk memenuhi kendala likuiditas dan kebutuhan pembiayaan usaha kecil. Keuangan mikro Akhuwat adalah lembaga yang terkenal secara global yang telah memainkan peran penting dalam mendukung masyarakat yang kurang mampu. Penerapan FRHIMF berpotensi besar untuk meningkatkan aksesibilitas keuangan mikro Akhuwat.Kata kunci. Keuangan Mikro, Akhuwat, Kemiskinan, Fintech Rich Hybrid Islamic Micro-FinanceJEL: D64,O1,O2
    • Analisis Bentuk Gharar Dalam Transaksi Ekonomi

      Hosen, Muhammad Nadratuzaman; Syarif Hidayatullah State Islamic University of Jakarta (Faculty of Shariah and Law, 2016-02-07)
      Lembaga keuangan konvensional banyak mengandung unsur gharar yang jelas telah dilarang dalam syariat Islam. Islam memiliki batasan yang tegas terhadap berbagai transaksi ekonomi, sehingga jelas mana yang dilarang atau tidak dilarang. Nilai-nilai keadilan merupakan hal utama yang menjadi prinsip pokok untuk melandasi kegiatan ekonomi, sehingga merasa teraniaya oleh pihak yang lainDOI: 10.15408/aiq.v1i1.2453
    • ANALISIS FAKTOR FUNDAMENTAL TERHADAP EXCESS RETURN SAHAM SYARIAH PERUSAHAAN JAKARTA ISLAMIC INDEX

      Azwar, Azwar; Syarif Hidayatullah State Islamic University of Jakarta; Nasarudin, Indo Yama; Syarif Hidayatullah State Islamic University of Jakarta; Mufraini, Arief; Syarif Hidayatullah State Islamic University of Jakarta; Suhendra, Suhendra; Syarif Hidayatullah State Islamic University of Jakarta; Noor, Sihabudin; Syarif Hidayatullah State Islamic University of Jakarta (Faculty of Shariah and Law, 2016-02-08)
      The study concluded that based on the results of testing by using multiple regression analysis, there are four variables that significantly affect the excess return variables, they are: BV,DER, ROE and SWBI. Besides, they are other variables such as PER, nflation, and exchange rate had no significant effect on the variable excess stock returns. Thus, it can be assumed that the JII firms during the study period was fulfilling aspects of sharia compliance. The indications are book value can represent the real value of the assets of the company itself and the highest ratio of debt to asset is 2.84%. meanwhile, the highest determination of Islamic National Council is 33%DOI: 10.15408/aiq.v3i1.2501
    • Analisis Faktor Kualitas Pelayanan di Bank Syariah (Studi Pada PT Bank Muamalat Indonesia)

      suryani, suryani; STAIN Malikussaleh Lhokseumawe (Faculty of Shariah and Law, 2015-03-13)
      Factor Analysis on Services Quality in Islamic Bank (Study at PT Bank Muamalat Indonesia). The aim of this study is to determine and identify the factors forming quality of service in PT. Bank Muamalat Indonesia, Tbk Branch Medan. Instruments of research use questionnaires and factor analysis. This research is quantitative research using survey methods. The sample method that used in this research is accidental sampling. The reliability and validity test shown that 13 question had been fulfilled the reliability and validity requirements. From the extraction gives three factors. Factor 1 explained 45,299%, factor 2 explained 12,819%, and factor 3 explained 8,904%. The results show that quality of communication is dominant factor to explain service quality. Then product innovation and physical aspects  DOI:10.15408/aiq.v6i2.1233
    • ANALISIS HUBUNGAN KEPUASAN KERJA TERHADAP PRESTASI KERJA KARYAWAN

      Nasrih, Muhammad Lukman; STIE Ahmad Dahlan (Faculty of Shariah and Law, 2016-02-08)
      Kinerja merupakan suatu fungsi dari motivasi dan kemampuan. Untuk menyelesaikan tugas atau pekerjaan seseorang sepatutnya memiliki derajat kesediaan dan tingkat kemampuan tertentu. Kesediaan dan keterampilan seseorang tidaklah cukup efektif untuk mengerjakan sesuatu tanpa pemahaman yang jelas tentang apa yang akan dikerjakan dan bagaimana mengerjakannya. Kinerja merupakan perilaku nyata yang ditampilkan setiap orang sebagai prestasi kerja yang dihasilkan oleh karyawan sesuai dengan perannya dalam perusahaan. Kinerja karyawan merupakan suatu hal yang sangat penting dalam upaya perusahaan untuk mencapai tujuannya.DOI: 10.15408/aiq.v2i1.2477
    • ANALISIS INTENSI MUZAKKÎ DALAM MEMBAYAR ZAKAT PROFESI

      Huda, Nurul; Universitas YARSI; Ghofur, Abdul; Universitas Islam Az-Zahra (Faculty of Shariah and Law, 2016-02-11)
      The aims of this research is to determine the influence of attitude, subjective norm, behavioral control, muzakkî income, muzakkî education, and muzakkî knowledge to the muzakkî intention of paying profession zakâh. The method of the research is a quantitative method while data analysis  techniques use multiple regression analysis. Number of samples analyzed are 150 respondents drawn at random from all areas of Jakarta. Based onmultiple regression analysis, it can be seen that the variables together attitudes, subjective norms, behavior control, income, education, and knowledge has significant influence on the variable of muzakkî intention.DOI: http://dx.doi.org/10.15408/aiq.v4i2.2471
    • Analisis Kesesuaian Konstitusi Ekonomi Indonesia Terhadap Ekonomi Islam

      Rama, Ali; Fakultas Ekonomi dan Bisnis UIN Syarif Hidayatullah Jakarta; Makhlani, Makhlani; Fakultas Ekonomi dan Bisnis UIN Syarif Hidayatullah Jakarta (Faculty of Shariah and Law, 2014-01-28)
      The Similarities of Indonesian Economy Constitution to Islamic Economy. This study invistigates the similarities between the constitution of the Indonesian economy and Islamic economic system. It finds that the constitution of Indonesian economy have in common with the Islamic economic system, especially at the basic values, basic principles and instrumentals. The main similarities lie in the principle of economic activities based on the principles of solidarity and togatherness and the role of the state in the allocation of economic resources for economic prosperity and welfare of the whole people. Another important similarity is the presence of high concern towards the needy and neglected children through various economic policy instruments such as social security and social protection programs. Therefore, it is no longger relevant to polarize between the Indonesian economic constitution or Pancasila economic system and Islamic economic system  DOI:10.15408/aiq.v6i1.1367
    • ANALISIS KINERJA KEUANGAN BANK MUAMALAT INDONESIA DIKAITKAN DENGAN PROGRAM AKSELERASI PERBANKAN SYARIAH

      Hamdani, Roni; Universitas Syiah Kuala (Faculty of Shariah and Law, 2016-02-08)
      Tahun 2008 bagi perbankan syari’ah nasional mungkin berbeda dengan tahun-tahun sebelumnya. Kerja keras memenuhi target market share 5% dari total aset perbankan nasional merupakan implementasi Visi Cetak Biru Pengembangan Perbankan Syari’ah Indonesia. Kekhawatiran target pangsa pasar 5% tidak tercapai memang menjadi pemikiran kalangan pemerintah, praktisi, pemerhati, peneliti maupun akademisi perbankan syari’ah.DOI: 10.15408/aiq.v2i2.2488
    • Analisis Komparasi Investasi Dinar dan Investasi Reksadana Pasar Uang Syariah

      Feriyani, Nur Ayu Eva; Himpunan Ilmuwan dan Sarjana Syariah Indonesia (HISSI) (Faculty of Shariah and Law, 2015-11-01)
      The aim of the study is to analyse return and risk in Dinar Investment and Syariah Money Market Mutual Funds which result from movement Price Dinar and NAB Reksadana Pasar Uang Syariah at period of January 2008 untill December 2012. The study used t test that resulted of expected return dinar equal to 1,56% while Sharia Money Market Mutual Fund equal to 2,74%. And risk Dinar equal to 5,65% while Sharia Money Market Mutual Fund equal to 55,6%. Based on the analyses of return Sharia Money Market Mutual Fund better than Dinar. however Sharia Money Market Mutual Fund has significant higher than Dinar.DOI: 10.15408/aiq.v5i2.2572
    • ANALISIS PENGARUH CAR, FDR, BOPO DAN NPF TERHADAP PROFITABILITAS PADA PT BANK MUAMALAT INDONESIA TBK

      Ariyani, Desi; Universitas Mercu Buana (Faculty of Shariah and Law, 2016-02-08)
      Perbankan Syariah di Indonesia telah memberikan kontribusi positif bagi perekonomian nasional. Hal ini dapat dilihat dari parameter rasio pembiayaan terhadap dana pihak ketiga dan ekuitas (FDR/financing to deposit ratio) yang rata-rata mencapai 105%. Bandingkan dengan parameter sejenis di perbankan konvensional, LDR (loan to deposit ratio) yang rata-rata tidak lebih dari 55%. Konsep perbankan Syariah yang selalu menjaga keseimbangan antara sektor moneter dan riil memengaruhi tercapainya prestasi itu.DOI: 10.15408/aiq.v2i1.2474
    • ANALISIS RESPONSIVITAS BURSA SYARIAH OLEH VARIABEL MAKRO EKONOMI

      Pratama, Yoghi Citra; Syarif Hidayatullah State Islamic University of Jakarta (Faculty of Shariah and Law, 2016-02-11)
      The objectives of this study are to analyze the stock responsebecause of M2, exchange rate Rupiah to Dollar and Rate of SBI. The data used in this study is monthly time series data from January 2006-May 2012. Those variabels are JII, M2, exchange rate Rupiah to Dollar and Rate of SBI. Research method used in this study is Vector Error Correction Model (VECM). The cointegration test indicates that among research variabels there is long term equilibrium and simultaneous relationship. The Empirical result of Impulse Response show that the effect of SBI discount rate and M2 is negative and the effect of exchange rate is positive. The result on variance decomposition test, show that the most effect of JII shock is influenced by JII itself.DOI: 10.15408/aiq.v4i2.2548
    • ANALISIS SEGMEN PASAR DAN PERILAKU NASABAH BANK SYARIAH: KAJIAN HUKUM ISLAM TERHADAP PRODUK HSBC AMANAH INDONESIA

      Mursid, Mansur Chadi; STAIN Pekalongan; Irviana, Rr. Kathrin; STAIN Pekalongan (Faculty of Shariah and Law, 2016-02-11)
      The purpose of this research is for identifying market segment and customer behavior toward Islamic banking and its marketing implications in all regions of DKI Jakarta. The analytical tools applied are analysis of cluster, factor and descriptive. The result of this research for segmentation aspect showed the characteristics and size of each market segment of Islamic banks. The market segment consists of syariah loyalist, floating mass and conventional loyalist. From this research, floating mass segment is the most potential segment due to its market size compared to syariah loyalist and conventional loyalist segments.DOI: 10.15408/aiq.v4i2.2532
    • ANALISIS SISTEM PENETAPAN FRANCHISE FEE DAN ROYALTY FEE PADA FRANCHISE BRC

      Darmawan, Walid; STIES Bina Guna Lombok (Faculty of Shariah and Law, 2016-02-08)
      Pada saat ini bisnis franchise atau waralaba di indonesia, semakin menjamur dan banyak diminati oleh masyarakat untuk mencari peluang baru, dari mulai waralaba lokal seperti Ayam bakar Wong Solo, Es Teller 77, Burger Mr.Edam,Alfa Mart, Indomart dan lain-lain. Sampai waralaba mancanegarapun semakin banyak diminati seperti KFC, Mc.Donalds, Hoka-Hoka Bento, Starbuck Coffiee dan lain sebagainya.DOI: 10.15408/aiq.v2i1.2472