Islamic Economic Principles Research Articles

Pengaruh Likuiditas, Solvabilitas, dan Kebijakan Dividen Terhadap Nilai Perusahaan Sebagai Keputusan Investasi Dalam Perspektif Ekonomi Islam

The company value which is always closely related to the stock price, is a point of view or investors in seeing the success of a company. The high or low value of the company can be caused by several factors that can influence investors decisions in making investment decisions. Thereore it is necessary to test to find out what factors can be affect the value of the company.
 This study aims to determine the effect of liquidity, solvency and dividend policy on company value, which is then carried out by stock valuation to assist investors in making investment decisions in Consumer Goods Companies lited on JII in 2012-2021.
 The results of study show that liquidity has a significant positive effect on firm value, meaning that companies that are able to pay debts on time can increase firm value. Solvability has a significant positive efect on firm value, meaning that the company has good credibility from the point of view of investors thereby increasing firm value. Dividend policy has a significant positive efect on firm value. Liquidity, solvency, and dividend policy have a positive effect on firm value because the higher the firm value, the greater the conidence of investors to invest in the company. Islamic economic principles can be used as a basis for investors and issuer who wish to implement sharia investment. The results of the stock valuation show that the average stock is classified as overvalued. The recomended investment decision is to sell the shares.

Poverty Reduction in Perspective Economic Islamic

The purpose of this study was to determine the pattern of implementation of the poverty alleviation program, the role of the poverty alleviation program and the poverty alleviation pattern of the people of Ponre Waru Village, Wolo District, Kolaka Regency in an Islamic economic perspective. The results and conclusions from this study are that the implementation pattern of the community poverty alleviation program in Ponre Waru Village, Wolo District, Kolaka Regency is in accordance with the guidelines and provisions of the implementation of PKH and BLT and is on target according to the criteria for beneficiaries, the effect of the community poverty alleviation program in Ponre Waru Village with the PKH and BLT programs really helped the village community, because with this assistance it really helped the poor and vulnerable people in Ponre Waru Village and were able to meet the community's primary needs, namely daily needs and secondary needs, namely education and health as well as village development as an assistance program that can indirectly help the people in the village. According to an Islamic economic view, there are 4 patterns of poverty alleviation with Islamic economic principles, namely the principle of monotheism, the principle of balance, the principle of caliph and the principle of justice. In the Islamic economic principles in the implementation of PKH and BLT in Ponre Waru Village it has been applied. Even though the principle of justice has not been fully implemented because there are still people in the village who often complain about determining the prospective beneficiaries and these people can be said to still be in the poor category.

GREEN ECONOMY IN SHARIAH ECONOMICS PERSPECTIVE IMPROVING COMMUNITY WELFARE

The emergence of the green economy due to the issue of global warming is caused bythe environmental crisis caused by a shift in pragmatic human lifestyles. This condition requireseverything to be fast and easy with the use of packaged products which results in a lot of usedproduct waste that is not environmentally friendly. Therefore, the concept of going greenemerged, namely the concept of green economy as an environmentally friendly concept that isin accordance with Islamic economic principles to support environmental development (proenvironment) which has an influence on the development of an economic system that is ableto improve the welfare of society.This research is research aimed at analyzing the greeneconomy from an Islamic economic perspective to improve community welfare. This researchis library research (library research), Data analysis techniques using the Milles and Hubermanmodel include: (1) data reduction, (2) data display, and (3) conclusion drawing. Results researchBased on the discussion it can be concluded that: concept green economyor green economy islow carbon economic activity, saves resources (resource efficient), and is sociallyinclusive/socially inclusive, where this concept is in accordance with Islamic economicprinciples, namely Islamic Eco-Ethics consisting of several principles basic Islamic ethics suchas al-adl (justice), maslahah (public needs), urf (customs), istishlah (improvement), and i'tidal(harmony), so that the green economy is a form of economic improvement that is in harmonywith nature in achieving the benefit and well-being.Key words: green economy, Islamic economy, community welfare

Halal Tourism MSMEs Development: The Effectiveness of Human Resource Quality And Social Media Usage

Micro, Small, and Medium Enterprises (MSMEs) play a significant role and have a considerable influence in supporting the economy of society and national economic development. However, MSMEs still face challenges in their business processes, such as the low quality of human resources and the high effectiveness of social media usage that is not in line with sales turnover. This research uses a quantitative approach, with primary data collected through the distribution of questionnaires to 32 respondents who are MSMEs owners in the Gang PU Banana Chips Center. Multiple linear regression analysis was conducted using SPSS version 25.0 to analyze the data. The results of the study show that the variables of human resource quality and the effectiveness of social media usage have an impact on the development of MSMEs. Furthermore, in the perspective of Islamic economics, the quality of human resources and the use of social media in the Gang PU Banana Chips Center MSMEs have applied the principles of Islamic economics, but it is not yet considered good. This can be seen from the results or services, as well as the productivity of goods and services that have not fully adhered to the concepts of professionalism (itqan), trustworthiness (amanah), and honesty.

Buying And Selling Transactions At The People's Market Selimbau District Kapuas Hulu Regency According To Islamic Economics

This research is motivated by the development of the Times which is characterized by economic development that is increasingly rapid, causing higher business competition. With such high competition, business people can use all means to make a profit. Deviant behavior is often found in traditional markets, among others: reduction of the measure of the scales, good quality goods with poor quality, and also there are some traders when serving buyers do not behave friendly or generous with marked service with a less friendly face. So that researchers want to know more about the application of buying and selling transactions in traditional markets according to Islamic Economics. The focus of the problem of this study is about the application, implementation, constraints, solutions of buying and selling transactions in traditional markets Islamic economic perspective. While the purpose of this study is to explain, identify and solutions for the application of buying and selling transactions in traditional markets Islamic economic perspective. The research approach is qualitative research and types using phenomenology. The number of informants from this study there are 6 traders, 6 buyers around the market and 2 market managers. Methods of data collection by observation, interviews and documentation. Technical analysis using the Miles and Huberman models. Checking the validity of the data by triangulation. The research stages consist of preparation, implementation and data analysis stages. The results of research on the first problem, in the application of buying and selling transactions are not in accordance with the principles according to Islamic Economics, and there is still fraud in the scales and service traders to buyers who are still less maintain silahturahim well. Second, the constraints that occur in both research sites are still not in accordance with the principles of Islamic Economics. Because there is one merchant who has practiced usury, has broken his promise in ordering goods, and has committed fraud. Third, solutions to reduce constraints include cooperation with BPOM. Monitor activities on a scale of goods available at the Selimbau Sub-District People's market. Conduct periodic monitoring of each trader and the location of other markets. Conduct market operations and receive complaints from buyers or traders in case of problems. Then orderly in supervising every scales, the price of goods and quality sold in the market traders Selimbau District People's market

Optimalisasi Produktivitas Petani Tradisional dalam Mencapai Sustainable Development Growth di Desa Pakantan Ditinjau dari Ekonomi Islam

The purpose of this research is to optimize the productivity of traditional farmers in Pakantan villages and achieve sustainable growth through an Islamic economic approach. The research methods used are qualitative and based on a case study approach. Data analysis was performed using a descriptive qualitative approach and Shariah financial analysis. The results showed that there are several factors that affect the productivity of traditional farmers in Pakantan villages, including social, economic and technical factors. Sustainable development strategies, such as the use of modern agricultural techniques, the establishment of farmer cooperatives and the application of Islamic economic principles such as justice, sustainability and independence, are needed to increase farmers' productivity. The conclusion of this study is that productivity optimization of traditional farmers in Pakantan village can be achieved through an economic approach. Sustainable and eco-friendly Islam. Therefore, it is proposed that the government and communities can work together to apply Islamic economic principles to the agricultural development of Pakantan villages.
 Keyword: Productivity optimization, traditional farming, sustainable growth, Islamic economy

Adopsi Nilai-Nilai Islam pada Instrumen Kebijakan Moneter dalam Mengontrol Peredaran Uang

This study identifies monetary policy instruments that can be adopted or adapted to Islamic values to achieve the goal of controlling the circulation of money. Monetary policy has a central role in managing a country's economy, and the adoption of Islamic values in monetary policy instruments is increasingly gaining attention in the context of Islamic economics. This research uses a library approach by analyzing information sourced from articles, books, journals and various other documentation. The findings of this study explain that the adoption of Islamic values in monetary policy instruments can provide significant benefits in achieving sustainable economic goals and in accordance with Sharia principles. However, implementation challenges are also a concern, including technical aspects and a deep understanding of the principles of Islamic economics. Therefore, we propose practical guidance for monetary authorities in implementing monetary policy instruments inspired by Islamic values. Thus, contribution in formulating alternative monetary policies that integrate Islamic values with modern practices, as well as encourage the development of a more inclusive and sustainable economic system.

Islamic Economics: Principles and Applications in Contemporary Finance

This scientific journal article aims to explore the fundamental principles and applications of Islamic economics in the context of contemporary financial systems. Islamic economics is an emerging field that adheres to the principles of Sharia, the Islamic law, and emphasizes ethical and moral considerations in economic activities. The paper begins with an overview of the underlying principles of Islamic economics and then examines its application in various financial sectors. It also analyzes the potential benefits and challenges of incorporating Islamic economic principles into mainstream finance. The article concludes by discussing the future prospects and implications of Islamic economics in the global financial landscape.

Perilaku Konsumsi Dalam Perspektif Ekonomi Islam: Studi Kasus Mahasantri Putri Pondok Pesantren Tarbiyatut Tholabah Kranji Paciran Lamongan

This study aims to find about: (1) the consumption behavior of female female student at the Tarbiyatut Tholabah Islamic Boarding School Kranji Paciran Lamongan, (2) an Islamic economic perspective on the consumption behavior of female female student at the Tarbiyatut Tholabah Islamic Boarding School Kranji Paciran Lamongan. This research method used is qualitative with the type of study research case. To collect data is done by interview, observation and documentation. The results of this study are: (1) consumption behavior of female student of the Tarbiyatut Tholabah Islamic Boarding School in consuming an item prioritizes want over needs., (2) the consumption behavior of female female student at the Tarbiyatut Tholabah Islamic Boarding School is not yet in accordance with Islamic economic principles related to the principles simplicity.

Perilaku Fear Of Missing Out (FOMO) Dalam Konsumsi Di Kalangan Mahasiswa FEBI UINSU Ditinjau Dalam Prespektif Maslahah

This study highlights the complexity of FOMO behavior in fashion consumption among students at the Faculty of Islamic Economics and Business, North Sumatra State Islamic University (FEBI UINSU), taking into account the maslahah perspective in Islam. Using a phenomenological research method with an exploratory qualitative approach, data was obtained through Systematic Literature Review (SLR), interviews and observations of 97 students. The research results show that dependence on social media has influenced the way students spend their time and make their consumption decisions. FOMO is a major driver of online activity, with celebrities, influencers and personal role models having a huge influence in shaping their fashion preferences. Students often feel anxious if they are not involved in current trends on social media. However, there is awareness of the negative impact of consumer behavior triggered by FOMO, which encourages some students to prioritize needs over wants in their consumption. This research highlights the importance of awareness of the influence of social media and developing self-control in dealing with consumer behavior. As students study the principles of Islamic economics, they are expected to apply these principles in their daily lives to manage fashion consumption wisely and responsibly.

LITERATURE REVIEW: PERAN CORPORATE SOCIAL RESPONSIBILITY (CSR) DALAM MENINGKATKAN CITRA POSITIF BANK SYARIAH DI MASYARAKAT

Corporate Social Responsibility (CSR) is one of the public relations strategies that can be used to create a positive image of the company in the eyes of stakeholders. Companies are expected to implement CSR programs, particularly in the Islamic banking sector. For companies in the field of Islamic banking, the implementation of CSR programs becomes increasingly important as it reflects the company's commitment to applying Islamic economic principles based on Islamic values. This research aims to gather and analyze articles related to the role of Corporate Social Responsibility (CSR) in enhancing the positive image of Islamic banks in society. The research method used is a literature review. The databases Google Scholar and Neliti.com were searched from 2016 to 2023 using keywords such as Corporate Social Responsibility (CSR) and Company Image / Brand Image. By employing the Literature Review method, the results obtained by the author show that Corporate Social Responsibility (CSR) plays a crucial role in improving the image of Islamic banking institutions in Indonesia. The implementation of CSR has a positive and significant impact on the public's perception of Islamic banking institutions and represents a long-term investment that ensures sustainable existence for Islamic banks in Indonesia in the future.

Sistem Bagi Hasil Pertanian di Desa Mengen Kecamatan Tamanan Kabupaten Bondowoso dalam Perspektif Ekonomi Islam

Business and work activities are strongly influenced by the conditions of an area, where people live and live. In rural areas, people generally depend on agriculture and rice fields for their livelihood. As in Mengen Village, Tamanan District, Bondowoso Regency, which is the location of this research, most of the people are engaged in agriculture, because the structure of the area is very suitable for the growth requirements of plants such as rice, vegetables, and the like. One way that is done by the community is by way of cooperation, because there are landowners who have several plots of land but cannot work on them for some reason so that the cultivators are represented by other people. Whereas in the distribution of the results it is divided each time of harvest, but sometimes in determining the distribution of the results there are parties who are disadvantaged, namely the land owner, because if there is a loss the cultivator does not want to know, the harvest is a profit or a loss, so this makes it not in accordance with Islamic economic views, because there is a tendency for one of the parties to be harmed. Therefore this research is to find out how the agricultural profit-sharing system is and whether the profit-sharing system is in accordance with the perspective of Islamic economics. The type of research method used is descriptive qualitative which uses field research methods (primary data) and library research (secondary data). Primary data is data taken from the first source in the field, namely landowners and sharecroppers, while secondary data is obtained from literature studies by reading books and journals related to these problems. Based on the results obtained, the agricultural profit-sharing system in Mengen village is that the land owner provides seeds and costs, while sharecroppers provide the tools and work used to work on the land, then the harvest is divided based on the agreement of both parties at the beginning of the contract, namely 1/5 than 100% or 80:20, and the distribution of the harvest is in accordance with Islamic economic principles.

Pengaruh Pengetahuan Tentang Bank Syariah dan Literasi Keuangan terhadap Minat Menabung Mahasiswa Perbankan Syariah UIN Syahada Padangsidimpuan

The low understanding of knowledge about Islamic banking and financial literacy, the lack of socialization carried out by Islamic banks on Islamic economic principles and systems can affect the interest in saving for Islamic banking students at UIN Syahada Padangsidimpuan Islamic banking. The discussion in this study relates to Islamic banks, knowledge of Islamic banks, financial literacy and student interest in saving. The type of research used is quantitative research, while the information needed by researchers is obtained directly from the object of research by distributing questionnaires to respondents. The data collection technique used by the researcher is the method of questionnaire (questionnaire), documentation, and interviews. The analysis technique used is the validity and reliability test of the instrument then the data analysis used is the basic assumption test, classical assumption test and hypothesis testing using SPSS 22 computer program data processing. The results of the study simultaneously and partially state that there is an influence between the knowledge and literacy variables. finance on interest in saving Islamic banking students at UIN Syahada Padangsidimpuan by 24.1% and the remaining 75.9% is influenced by other variables.

Ekonomi Pancasila Dari Sudut Pandang Ekonomi Islam

Indonesia is a country that uses the Pancasila economic system. The Pancasila economy is a joint effort based on kinship and national cooperation. In terms of religion, the majority of Indonesian people are Muslims. Therefore, it is appropriate that the principles contained in the Pancasila economy are more inclined to the principles of Islamic economics. Shari’ah economic principles lead to the goal of improving the welfare of society. This is important to study, because according to the researchers assumptions, the implementation of the Pancasila economic system in Indonesia is still far from expectations. This study aims to explore and analyze the economic concept of Pancasila in a shari’ah economic perspective in order to find a new formula that does not cause social inequality, so that it can be applied to people's lives, especially in Indonesia. This type of research includes the type of literature (library research) which is descriptive qualitative. The results of the study show that Pancasila Economics and Sharia Economics both prioritize the principle of kinship in order to create justice and prosperity for society.

Philosophical Perspective of Islamic Economics: A Critical Approach to Capitalism and Materialism in the Context of Modernity

This study delves into the philosophical viewpoint of Islamic economics concerning capitalism and materialism within the context of modernity. It examines essential aspects like ownership, wealth distribution, and consumption from an Islamic economic perspective and employs a critical approach to analyze the interactions among capitalism, materialism, and modernity. The research adopts a qualitative analytical method, drawing insights from relevant literature and prior studies in the field. The collected data is scrutinized through the lens of Islamic economic principles and relevant philosophical perspectives. The results highlight how the philosophical standpoint of Islamic economics provides an alternative perspective on addressing capitalism and materialism in contemporary times. Islamic economic thought emphasizes principles of social justice, wealth redistribution, and consumption limitations as integral components. The study underscores the significance of integrating moral and ethical values into economic practices to achieve social and spiritual sustainability. By offering insights into the critique of capitalism and materialism from an Islamic economic standpoint, the research encourages further discussions on more sustainable and equitable economic alternatives.

INTEGRASI KONSEP DAN APLIKASI DALAM MENENTUKAN PERILAKU KONSUMSI DALAM KEGIATAN EKONOMI MUSLIM

In Muslim economic activities, consumption behavior should be aligned with the principles of Islamic economics, which include justice, balance, and blessings. Excessive and unnecessary consumption should be avoided as it can harm oneself and others. Islam teaches its followers not to harm themselves in this world and the hereafter by engaging in excessive behavior to fulfill their needs and worldly pursuits. This research adopts a qualitative approach by conducting a literature review and content analysis to identify key concepts in Islamic economics relevant to Muslim consumption behavior in economic activities. A good integration between the concepts and applications of Islamic economics in the context of consumer behavior can shape ethical, responsible, and sustainable consumption behavior. These concepts guide the choice of halal products and promote a balance between the needs and desires of individual Muslims. Furthermore, the implementation of these concepts in daily consumption practices can help Muslim individuals avoid excessive consumption, minimize wastefulness, and enhance social benefits in economic activities.

Prinsip-Prinsip Ekonomi Syari’ah

The purpose of this study is to describe and analyze the experience of the system adopted by the Indonesian state having two economic policies. The research method is library (Library research). Source data (primary) in the form of books relating to Islamic thought models and complementary (secondary) data to interpret source data in the form of magazines, newspapers relating to the title to be discussed. The results of this study discuss Islamic Economics; the existence of Islamic economic principles in Indonesia which are based on five universal values namely; The principles of monotheism, Adl, Nubuwwah, Khilafah and Ma'ad and the existence of Islamic economic law are the Principle of Representative (Khalifah), The Principle of Amar Ma'ruf Nahy Munkar, Amar Ma'ruf , The Principle of Tazkiyah, tazkiyah , The Principle of Falah, is the concept of success human beings., The Principle of Honesty and Truth, this principle is reflected in every transaction that must be firm, clear, and certain both the goods and the price.

Analysis of the Risk Management of Purchasing Puri Nirana Cigelam Sharia Housing in the Perspective of Islamic Economics

As a housing developer, Puri Nirana Cigelam (PNC) Purwakarta, West Java, offers housing with a sharia concept or sharia housing. Sharia housing carries a Sharia system in its financing contracts without the involvement of Sharia or conventional banks. The purpose of this study is to first analyze the risk management of contract implementation in buying and selling housing at PNC. Second, analyzing the application of risk management in the sale and purchase of Sharia housing loans at PNC. Third, analyze the adherence to Islamic economics principles in applying risk management in PNC. This research is qualitative. At the same time, technical data mining using interviews and observation. Technical data processing by editing, organizing, and discovering results and data analysis obtained descriptively to draw conclusions. The study results in show that the risk management carried out at PNC in its sharia contracts is running well even though it is relatively new and outside property developers' customs and habits in risk management. Risk management in implementing buying and selling credit at PNC is going well for risk policies with a Sharia approach. The principles of Islamic economics also colour the existing risk management policies in PNC Sharia housing; there are elements and values ​​of Sharia economic principles that are quality, non-exploitative, free of usury, prosperous and spiritually valuable.

Enhancing Economic Growth for the Achievement of Sustainable Development Goals through Digital Era Fundraising Schemes for Sustainable Community Development: A Policy Analysis from the Islamic Economic Perspective

This paper provides a policy analysis from the Islamic economic perspective on enhancing economic growth and achieving Sustainable Development Goals (SDGs) through digital era fundraising schemes for sustainable community development. It examines the role of zakat, sukuk, and waqf in contributing to specific SDGs in Indonesia. The study highlights the importance of inclusive and environmentally sustainable economic growth for sustainable development. It emphasizes the potential of digital era fundraising schemes in mobilizing resources and promoting sustainable development. The paper specifically explores the impact of zakat on poverty eradication and social welfare enhancement, sukuk in financing infrastructure projects and stimulating economic growth, and waqf in supporting education, healthcare, and community development. Using a qualitative research approach that includes literature review and policy analysis, the study evaluates existing policies and strategies related to digital era fundraising schemes in Indonesia. It assesses their effectiveness in achieving SDGs and identifies strengths and challenges in current policies. Based on this analysis, the paper presents policy recommendations to enhance the effectiveness of digital era fundraising schemes for sustainable community development. The recommendations advocate for comprehensive policy frameworks aligned with Islamic economic principles and the integration of digital technologies. They emphasize the importance of improving financial literacy and awareness to encourage active participation in fundraising efforts, fostering collaboration among stakeholders, and developing supportive regulatory frameworks. By implementing the proposed policy recommendations, Indonesia can harness the potential of digital era fundraising schemes to achieve specific SDGs. The paper concludes that a well-designed policy framework embracing Islamic economic principles, leveraging digital technologies, and promoting stakeholder collaboration will facilitate the effective utilization of zakat, sukuk, and waqf for enhancing economic growth and achieving sustainable development goals. Overall, this paper contributes to the understanding of how digital era fundraising schemes, guided by Islamic economic principles, can play a significant role in advancing economic growth and sustainable development. It provides policymakers, organizations, and practitioners with insights and recommendations to optimize the potential of these fundraising schemes in promoting sustainable community development and achieving SDGs in Indonesia.

RIBA DALAM PANDANGAN AL-QUR’AN DAN HADIST

Riba, as the practice of adding or taking additional money in money lending transactions, is an important concern in Islamic law. In the Al-Qur'an and Hadith, usury is expressly prohibited and is considered a major sin that must be avoided by Muslims. The background to this problem involves historical aspects, where the practice of usury became a concern at the time of the Prophet Muhammad SAW and required decisive action. The practice of usury violates the principles of justice and can reinforce social inequalities and economic imbalances. In the era of the modern financial system, the practice of usury also affects the global financial sector, presenting a dilemma for Muslims who want to implement Islamic economic principles. Therefore, a deep understanding of the views of the Qur'an and Hadith regarding usury is important in developing an economic system that is just and in accordance with Islamic teachings. This study aims to analyze the prohibition of usury in the Qur'an and Hadith and its implications in the context of Islamic economics. Through a detailed analysis of relevant verses of the Qur'an and hadiths, a deep understanding of the concept of usury, its impact on society, and applicable Islamic economic alternatives is presented. Thus, this research provides a better understanding of usury in the view of the Qur'an and Hadith, so that it can encourage critical thinking and concrete solutions in carrying out economic activities in accordance with Islamic teachings.Keywords : Riba, Al-quran, Hadits.