Islamic Economic Studies Research Articles

Analisis Faktor-Faktor yang Mempengaruhi Minat & Keputusan Mahasiswa Bogor Berinvestasi di Pasar Modal Syariah pada Masa Pandemi(2019-2020)

This study aims to determine what factors influence the interest and decision of Bogor students to invest in the Islamic capital market during the pandemic. The sample in this study were students of the Islamic economics study program class 2017-2018 which consisted of three campuses including Ibnu Khaldun University, Bogor Agricultural University, and the Tazkia Institute with a total of 100 students. The independent variables in this study include benefits, motivation, returns and knowledge, and the dependent variable in this study is the interest variable and the decision variable. The method used in this study is a quantitative method and the data used in this study are primary data obtained directly from the results of distributing questionnaires and measured using a Likert scale. The data analysis technique used in this study is SmartPLS. The data in this study were collected using a questionnaire and then processed using the SmartPLS 3.3.3 program. The results showed that the benefit variable (X1) and the return variable (X3) had a positive and significant effect on the interest variable (Y1) and for the knowledge variable X4 and the interest variable Y1 had a positive and significant influence on the decision variable Y2.
 Keywords: Benefits, Motivation, Return, Knowledge, Capital Market, Investment

Analisis Faktor-Faktor yang Mempengaruhi Minat & Keputusan Mahasiswa Bogor Berinvestasi di Pasar Modal Syariah pada Masa Pandemi(2019-2020)

This study aims to determine what factors influence the interest and decision of Bogor students to invest in the Islamic capital market during the pandemic. The sample in this study were students of the Islamic economics study program class 2017-2018 which consisted of three campuses including Ibnu Khaldun University, Bogor Agricultural University, and the Tazkia Institute with a total of 100 students. The independent variables in this study include benefits, motivation, returns and knowledge, and the dependent variable in this study is the interest variable and the decision variable. The method used in this study is a quantitative method and the data used in this study are primary data obtained directly from the results of distributing questionnaires and measured using a Likert scale. The data analysis technique used in this study is SmartPLS. The data in this study were collected using a questionnaire and then processed using the SmartPLS 3.3.3 program. The results showed that the benefit variable (X1) and the return variable (X3) had a positive and significant effect on the interest variable (Y1) and for the knowledge variable X4 and the interest variable Y1 had a positive and significant influence on the decision variable Y2.
 Keywords: Benefits, Motivation, Return, Knowledge, Capital Market, Investment

Lalabet Financial Analysis: Study of Islamic Economics at Micro Level

This research aims to explore the model of financial management tradition Lalabet in the village of Babbalan District Batuan Sumenep. This study is based on the fact that occurred in the community about the implementation of traditions carried out by the heirs to family members who died. Interpretative qualitative research is used and an in-depth understanding of a problem that occurs is emphasized more. Based on the results of this study, the financial management tradition Lalabet can be done based on accounting equations. The accounts contained in the accounting equation is not used in its entirety and are reported as are generally financial statements. In this case, the source of funds in carrying out Lalabet tradition is sourced from personal money, money and donations from the family, money from Muslimat, debt, and money or goods from Lalabet's proceeds. The impact is the onset of debt both short-term and long-term. While the expenditure is in the form of costs in taking care of the body, costs for tahlilan (petto'arean), pa'polo, nyatos, nyataon, nyaebu, mangaji, ngin-tangin, nyalenin mayyid, and ajege makam (kep-sekep).

Consumption Behavior Patterns of Muslim Students on The Decision of Buying Halal Culinary Fast Food in Surabaya

The purposes of this study was to analyze the consumption behavior patterns of the Postgraduate Students of UINSA Islamic Economics study program as consumers and supporting factors in purchasing halal culinary food products. The research method used was a qualitative research method with a phenomenological approach, this research observes 10 informants of the Postgraduate Students of Islamic Economics Study Program UINSA as fast food consumers KFC Ahmad Yani Surabaya. The results of this study prove that all informants have knowledge of the concepts of consumer behavior and halal products in Indonesia, especially in Surabaya. The students have also applied the pattern of Islamic consumption behavior that is tauhid, fairness, free will, responsibility and halal as well as supporting factors including cultural, social, personal and psychological factors. Knowledge about other supporting factors should be utilized by other consumers for the sustainability and development of perceptions about halal culinary fast food in Surabaya

THE EPISTEMOLOGICAL STRUCTURE OF TAFSIR IQTISADI (THE STUDY OF AT-TAFSIR AL-IQTISADI LI AL-QUR’AN AL-KARIM BY RAFIQ YUNUS AL-MASRI

This article discusses the epistemological structure of At-Tafsīr al-Iqtiṣādī li al-Qur'ān al-Karīm by Rafīq Yūnus al-Maṣrī. The author of this tafseer is an economist, a researcher at the Center for Islamic Economic Studies University of Malik 'Abdul' Azīz, and is active in Al-Jam'iyah Ad-Dauliyah li Al-Iqtisād London. The author's background makes this book very interesting to study because not many economists have written tafsir studies. This article is a literature study employing a descriptive-analysis method and a historical-philosophical approach. This study shows that the interpretation of At-Tafsīr al-Iqtiṣādī li al-Qur'ān al-Karīm was written in a tartib mushafi model, and predominantly used tafsīr bi ar-ra'yi with the nuances of the tafsīr iqtiṣādī. The nuances of the iqtiṣādī interpretation come from tafsīr ʻilmī, which shows scientific theories from the Qur’an. Through the tafsīr iqtiṣādī, Rafīq Yūnus al-Maṣrī attempted to show that the Qur’an can be interpreted using an economic approach and argued that the Qur’an provides the existence of economic theories. Among these theories are Musykilah an-Nadirah an-Nisbiyah (relative scarcity), at-Tafḍīl az-Zamanī (time preference), and Ta’dzīm al-manāfi’ (profit maximisation).

Needs Analysis of English Materials for Islamic Economics Students

This study aims to find out the needs of English material for Islamic economics students. The method employed in this research is descriptive. Forty students and ten stakeholders were asked to complete the questionnaire, and ten stakeholders were interviewed. The result of the research: 1) the highest themes or topics needed based on students' perception is the relevance of Islamic economics, meanwhile based stakeholders' perception is the methodology of Islamic economics; 2) the highest discourse texts needed based on students' perception is Islam as a way of life, whereas based on stakeholders' perception is facts and theories of Islamic economics; and 3) the highest English Skills needed to be based on students and stakeholders' perception is speaking skill. In sum, the researchers concluded that speaking is an important skill needed by the Islamic economics study program of the Muhammadiyah University of Bengkulu.

Al-Musahamah Akad Mechanism In Joint-Stock Company: A Contemporary Study Of Share Diksi

The musyarakah al-musahamah agreement in Islamic stock transactions is a new thing in the capital market. As a result, investors in the issuer are less knowledgeable about the many forms of sharia products. The purpose of this study is to provide a deeper understanding of step by step and examples of the practice of al-Musahamah akad in the world of stocks. This research uses qualitative methods by becoming literature in contemporary fiqh studies and Islamic economics. The study of contemporary fiqh and Islamic economics is one of the reference materials that can be used to implement the al-musahamah akad in the practice of Islamic finance. The study results found that the study of modern fiqh and fatwas of the Syariah Council and several scholars allow the practice of the al-musahamah akad in the shariah stock business as long as it does not violate the harmony and requirements of sharia. Even though in practice the al-musyarakah akad in joint stock companies in Indonesia is not 100% by the principles of sharia and modern fiqh, due to the element of use as an objective of sharia and maqasid maslahah, it can be considered to improve existing mechanisms for the better in the future. Supporting previous research that explains the practice of syirkah al-musahamah, this depth research explores the process and practice of the al-musahamah akad in a joint-stock company.

PELATIHAN PEMBUKUAN SEDERHANA UNTUK UMKM SEBAGAI UPAYA KETAHANAN EKONOMI DI MASA PANDEMI COVID-19

The Covid-19 pandemic has resulted in a decrease in sales turnover for MSMEs. This impact greatly threatens economic resilience for the sustainability of MSME businesses. MSME actors need to be encouraged and assisted in order to be able to survive the Covid-19 pandemic. These countermeasures can be carried out through community service activities using direct observation methods in the community and tracing and analyzing the problems faced by MSME actors, especially economic resilience in the midst of the Covid-19 pandemic. STAIMAS Wonogiri Islamic Economics Study Program dedication aims to provide simple bookkeeping training for MSME actors during the Covid-19 pandemic. The targeted segmentation is MSME actors located in the Shower Environment, Kaliancar Village, Wonogiri District, Wonogiri Regency. The service activities ran smoothly and the participation of the participants was active and enthusiastic. In this simple bookkeeping training, participants were introduced to the benefits of bookkeeping, the forms and types of simple bookkeeping, how to record receipts and disbursements transactions, and perform profit and loss calculations. It is hoped that this service activity can continue to provide understanding and education for MSMEs about the importance of simple bookkeeping in order to increase the availability of MSME financial information in the midst of the Covid-19 pandemic.

Pengaruh Pengetahuan, Produk dan Religiusitas Terhadap Minat Menabung dengan Variabel Moderating Persepsi

The Purpose of this study to analyze the knowledge of Islamic banking, bank products and religiosity towards saving interest in Islamic banks with perception as a moderating variable. This type of research is quantitative. Active students of Islamic economics study programs at three state universities in Surabaya as research sample numbered 100 students using the quota sampling technique. Data collection techniques with questionnaires. The results show there is an influence of Islamic banking knowledge on saving interest, there is an influence of bank products on saving interest, there is an influence of religiosity on saving interest, perception is not a moderating variable of sharia banking knowledge with saving interest, perception is not a moderating variable of bank products with saving interest, perception is a moderating variable of religiosity with saving interest.

English Courses for Students of Islamic Economics: What Do They Really Need?

The teaching of the English language to the students of Islamic Economics should aim to provide them with the skills needed for completing academic as well as professional tasks. The purposes of this study are twofold: (1) identifying what types of English language skills the students of Islamic Economics need; and (2) figuring out whether the current English for specific purposes (ESP) course offered is relevant to their needs. This on-going study employs qualitative descriptive methods with 200 firstand second-year students of the Islamic Economics study program of a state university in Medan, Indonesia. The data analyzed in this paper were collected using an online survey divided into two sections: one to collect the participants’ demographics and the other to explore their perceived language skill needs. The results reveal that most students need reading and writing skills more than any other language skills. The students reported that the English course they have taken so far did not prepare them to master those two needed skills. This study recommends that the existing ESP syllabus be redesigned to meet the students’ needs.
 Keywords: English for specific purposes (ESP), higher education, Islamic economics, need analysis

Cash Waqf for Developing Islamic Economy: Case Study in Indonesia

This study attempts to identify the causes and dominant factors that hinder the development of cash waqf in Indonesia, using the IFE-EFE Matrix and SWOT methods, while offering solutions to solve it. Based on the results of IFE analysis, the highest-rank of strengths is the ability of cash waqf in expanding the base of waqf fund sources followed by the ease and zero cost of funds. In comparison, the top weaknesses are the lack of socialisation to the community and the lack of professional nazhir human resources. The results of EFE analysis imply the highest-rank opportunity is the potential of unlimited cash waqf followed by the emergence of many sharia financial institutions and Islamic economics study programs in universities. Meanwhile, the top threat is a weak political will of authorities, followed by the majority of traditional nazhir. It is expected that there will be a joint commitment from various parties, both from policymakers and academics and practitioners to support and encourage efforts to develop the Islamic (social) finance industry, especially in developing cash waqf in Indonesia.

Shariapreneur Interest : Analysis Of Sharia Business Knowledge and Motivation (Studies On Students Of The Islamic Economics Study Program Bandung City Universities

One of the requirements for a country to change its status to a developed country is the number of entrepreneurs who reach 2% of the total population in productive age. However, currently, the total entrepreneurship in Indonesia is still at 0.7% of the total productive age population. As the largest Muslim country globally, there is only 0.18% of Indonesian Muslim entrepreneurs. The purpose of this study was to determine the high interest of students to become shariapreneurs. The research method used is the descriptive method with a quantitative approach. The population in this study were students of the Islamic economics study program at the State University of Bandung. The samples taken in this study were 251 people. The data analysis technique used is Multiple Linear Regression. Furthermore, in the results of this study, Islamic business knowledge has a positive and significant effect on shariapreneur interest and motivation, which has positive and significant results on shariapreneur interest. Researchers hope that the results of this study can provide benefits to various parties in increasing the interest of shariapreneurs in Islamic economics study program students in the State University of Bandung City.

Pengaruh Literasi dan Return Terhadap Minat Mahasiswa Berinvestasi

The purpose of this study was to determine the effect of investment literacy and investment return on the interests of FEBI S1 Islamic Economics Study Program students at IAIN Kudus in investing in the Islamic capital market. The design of this study is quantitative. The study population was all undergraduate students of FEBI ES Study Program IAIN Kudus. A sample of 100 respondents were selected using the purposive sampling method. The data is processed using SPSS for Windows version 23 application. The results of this study indicate that literacy and return partially affect the interest in investing in the S1 FEBI ES Study Program students at IAIN Kudus, as evidenced by the probability value of 0,000 <0.05. Literacy and return simultaneously influence the interest in investing in FEBI S1 ES Study Program students at IAIN Kudus, as evidenced by a Fcount of 27,027 and a probability of 0,000. Literacy and return affect investment interest by 35.8%, while the remaining 64.2% is influenced by other variables not explained in this study. Keywords: Literation, Returns, and Investment Interest

The Effect Of Islamic Financial Literation And Financial Technology On Islamic Financial Inclusion

Purpose: The purpose of this study was to determine the magnitude of the influence of Islamic financial literacy and Islamic financial technology on the inclusion of Islamic finance in students in Lampung Province both partially and simultaneously.Design Methods:The method used is a survey method. The population of this study is all smester V students and above in Islamic Economics Study Program, Islamic Banking. and sharia accounting in all State and Private Universities in Lampung Province, totaling 3080 people. The sampling technique used is proportional grain sampling, as much as 10% of the population of 308 people. Data collected using surveys, with google form. The collected data were analyzed using simple and multiple regression analysis.Findings:Based on the results of the analysis it can be concluded, first, there is a positive and significant influence between the literacy of Islamic finance on Islamic financial inclusion. Second, there is a positive and significant influence between Islamic financial technology on Islamic financial inclusion. Third, there is a positive and significant influence between Islamic financial literacy and Islamic financial technology together on Islamic financial inclusion.Originality Value: Of the two independent variables, sharia financial literacy variables contributed more than sharia financial technology variables to sharia financial inclusion.

Jual Beli Valuta Asing dalam Ekonomi Islam

Foreign exchange market (Forex) is a transaction under the scope of Islamic economic studies. It is lawfully allowed as long as not violating shariah principles. This is valid particularly for the spot type because it fulfills the requirement of yadan bi yadin, namely cash transaction with the same value. As for the forward, swap and opsi types are considered unlawful as they contain random speculation (gharar) unsure. However, some Islamic scholars allow the forward when aiming to fulfill the need instead of speculation purpose, such as protecting hedging in anticipating the risk of foreign currency fluctuation used as international payment instrument.

DETERMINAN MINAT MAHASISWA DALAM MELAKUKAN INVESTASI SYARIAH

Increasing student interest in investing in sharia is needed. This study aims to determine the effect of investment training, risk perception, and knowledge on student interest in investing in sharia. The research was conducted on students who were members of the Islamic Economics Study Group in Semarang. A total of 70 students were taken as samples with accidental sampling. The analysis technique used in this research is multiple linear regression analysis. The results showed that investment training and perceptions of risk had a positive and significant effect on students interest in sharia investing. Meanwhile, the investment knowledge variable has no effect on student interest to invest in Sharia. The most dominant variable in influencing interest students to investing in Sharia in Semarang is investment training. The coefficient of determination of 0.718 indicates that interest in investing in sharia is influenced by training, perceptions of risk and knowledge of 71.8%, while 28.2% is influenced by other factors outside the model. Therefore, efforts to increase students interest to investing in sharia can be done by providing training and understanding to students regarding perceptions of risks in investing in Sharia.

Pengaruh Fasilitas Laboratorium Terhadap Minat Belajar Mahasiswa Program Studi Ekonomi Islam UII

Educational facilities are one of the supports in improving the quality of education. One of the educational facilities deemed necessary to support education is a laboratory and one of the disciplines that requires a laboratory to support learning is Islamic Economics. The urgency of the laboratory as a means of learning is widely recognized by educational stakeholders, through regulations that have been made by many educational institutions competing to create and develop laboratories, in addition to supporting learning and facilities for students, another reason is that regulations require educational institutions to be have a laboratory. This study aims to analyze the role and influence of the laboratory of the Islamic economics study program on student interest in the Islamic economics study program. This study uses a quantitative method with data obtained through distributing questionnaires to 277 students of Islamic Economics study program. The collected data were then analyzed using linear regression method with SPSS software. The results of this study indicate that laboratory facilities have a positive and significant effect on student interest in learning. This shows that if the laboratory facilities are improved, student interest in learning will increase.

Cahsless Society on GoPay: An Islamic Economic Perspective

Technological developments have led to massive Cashless Society activities among the public, especially in GoPay transactions. Indonesian people, who are predominantly Muslim, have started to shift their payment system from cash to cashless transactions. Therefore, the study of Islamic economics is important to see this phenomenon. The qualitative-descriptive research methodology was used by researchers to examine this research. A standard general procedure of library research is done to obtain data from several scientific papers in the form of books, magazines, journals, articles, documentation and other relevant media. The results of this study state that the Cashless Society's activities through GoPay transactions can be said to be in accordance with the principles of Islamic economics. This can be proven in the transaction that there is no party that loses money between the customer and the service provider, and there is no interest in the transaction. In addition, the Cashles Society can provide convenience in transactions between economic actors, as well as a more reliable guarantee of security.

PENERAPAN EPISTEMOLOGI KE DALAM KAJIAN EKONOMI ISLAM: Telaah Pemikiran Muhammad Baqir Al-Shadr

This article discusses the thoughts of Muhammad Baqir Al-Shadr on how to apply epistemology to the study of Islamic economics. Muhammad Baqir al-Shadr emphasized the importance of logic and the need for causality, the role of philosophical thought and theology in strong Islamic economic thought to combat these forces. The forces of neolebarism and capitalism. In this case Muhammad Baqir al-Sadr carried out a reconceptualization of the Islamic economic doctrine by involving a philosophical paradigm in the framework of his analysis. In this study using descriptive analytical methods and at the end of the study it can be understood that Islam is different from capitalism and Marxism. The starting point or first level in the Islamic economic system is distribution, not production as is the traditional political economy system. In the Islamic economic system, distribution of the resources of production precedes the production process, and any organization associated with the automated production process is at the second level.

تصميم المواد التعليمية في درس اللغة العربية لتنمية مهارة القراءة

The University of Darussalam Gontor is a university that pays attention to learning Arabic. This is by the curriculum in each study program. As the founder stated that University must be a university that consistently teaches the language of the Qur`an, all students must master Arabic. However, the Islamic Economics study program does not yet have Arabic language teaching materials that have a bad impact on lecturers or students in the teaching and learning process. So, the researchers tried to compile Arabic language teaching materials specifically for students of Islamic Economics study programs at the University of Darussalam Gontor. The formulation of the research problem is “What the characteristics of Arabic teaching materials to improve reading skills of Islamic Economics study program students at the University of Darussalam Gontor?” and “How effective are Arabic teaching materials in improving reading skills of Management study students at the University of Darussalam Gontor?”. This study aims to explain the characteristics of the Arabic language teaching materials in improving the reading skills of students in Islamic Economics study programs at the University Darussalam of Gontor and to see the effectiveness of Arabic teaching materials to improve reading skills of students in Islamic Economics at the University of Darussalam Gontor. This research is a type of Research and Development (R & D) research which is preceded by data collection with interviews, tests, questionnaires, and documentation. To analyze the data collected, the author uses the t-test formula. The results of this study that teaching materials are arranged in the form of books, which are preceded by supervising for instructors of Arabic, learning steps, and syllabus. And the core of this book is material consisting of 13 chapters, consisting of reading texts and practice questions. At the end of this book, there are vocabulary words and their meanings arranged according to the alphabet. From the results of the pre-test and post-test values, it was found that the post-test value was greater than the pre-test. This shows that the compiled book is used both for students and instructors of Arabic. Then the Arabic language instructors must pay attention to the things students need to learn Arabic by looking at the condition of the students and their language skills. From the results of this discussion, researchers hope that lecturers of Arabic language material will always pay attention to the needs of students, so they can choose the right material and learning methods and according to their needs.