Ijtimā'iyya: Journal of Muslim Society Research
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    Comparison of Risks, Returns and Performance Measurements of Sharia and Non-Sharia Mutual Funds in Indonesia

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    Investment is a sacrifice to postpone current consumption by allocating a number of assets that are expected to earn benefits in the future. Islamic Sharia does not forbid Muslims to do it, even there is an indication that it is recommended. The main motivation is to be able to pay more alms in the future. One of investment instruments in Indonesia is Mutual Funds. Indonesia\u27s predominantly Muslim population is one of the triggers for the development of sharia-based mutual funds. However, its development has not been as big as the existing potential market. One of the reasons is there is still a view in the community that sharia-based instruments provide lower returns than non-sharia. This study compares the risks and returns of mutual funds, between sharia and non-sharia based. Sampling of both used purposive sampling, where there were 6 sharia mutual funds and 8 non-sharia mutual funds. The study was conducted in 5 years. The results of the study were: (1) There was no significant difference between the risks of both; (2) There was no significant difference between the returns of both; (3) The performance of non-sharia mutual funds was more dominating than sharia mutual funds

    The Effect of Balanced Scorecard Measurement of Financial Perspective, Customers, Internal Business Processes, Learning and Growth on Company Performance

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    The purpose of this study was to determine the effect of partial and simultaneous financial perspectives, customer perspectives, internal business perspectives and growth and learning perspectives on the performance of Parama Indonesia Inc., with a sample of 33 respondents. The data analysis technique uses multiple linear regression analysis. From the partial results, it is known that the financial perspective variable has a tcount of 2.677 greater than t table of 2.048 with a significance value of 0.012 <0.05; this means that the financial perspective has a partial effect on the performance of the Parama Indonesia Inc. The customer perspective variable has a t value of 3.401 greater than t table of 2.048 with a significance value of 0.002 <0.05; this means that the customer\u27s perspective has a partial effect on the performance of the Parama Inc Indonesia Inc. The internal business process perspective variable has a calculated value of 2.461 greater than t table of 2.048 with a significance value of 0.020 <0.05; this means that the perspective of internal business processes has a partial effect on the performance of Parama\u27s Indonesia Inc. The variable perspective of growth and learning has a t value of 2.362 greater than t table of 2.048 with a significance value of 0.025 <0.05; meaning that the growth and learning perspective has a partial effect on the performance of Parama\u27s Indonesia Inc. Simultaneous results obtained Fcount value of 33,957> Ftable (2,71) with a probability of 0,000 (p value <0,05). This means financial perspective, customer perspective, internal business perspective, learning and growth perspective simultaneously affect the performance of Parama\u27s Indonesia Inc

    Theological Foundation toward Industri 4.0: Batik Experience in Pekalongan City

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    The purpose of this paper is to analyze the theological foundation in the development of batik industry. The type of this research is field research, and using the qualitative perspective. The population of enterpreneur in Pekalongan City takes in such proportion, which represents the presence of each level and variants of business community. The snowball analysis model was applied here. Triangulation technique used in order to make sure the reliability of data or sources. The research found that: 1) Batik industry also determined their understanding of human nature. The awareness that human beings should be strive and even, if it is necessary, to innovate by developing the motifs, and models of their batik products as adaptation behavior to industry revolution 4.0. 2) The common theological foundation to batik experience are: human is a creature endowed with reason, human is a creature whose have feelings, human existence is characterized by consciousness in behaving. 3) The decision making in maintaining the batik industry is also driven by transcendence factors. 4) Business situations make the informants constantly looking for mutually beneficial solutions for personal, family, work-relations, government, and the environment

    Hikmah Behind The Academic in The Islamic Economy

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    The relationship between one human being and another in fulfilling needs (min min al-Nas), there must be a rule that explains both rights and obligations based on agreement (contract). Humans are never separated from the contract (contract / agreement) in their lives. A contract is a bond of consent (statement of acceptance of a bond) and Kabul (statement of acceptance of a bond) in accordance with the will of the Shari\u27a which affects the object of engagement (contract). Because of the importance of the contract in human life, of course every thing has wisdom, then what is the nature of wisdom and how are the wisdom of the contract in Islamic economics. The essence of wisdom is an expression that refers to a solid knowledge, which includes (can lead to) makrîfah (recognition) to Allah, which comes from the pure inner eye, and the ability of the knowledge to learn and understand the nature of things in their objective state the realm of reality is limited to the supreme ability of humans in finding and discovering the secrets of the shari\u27a religion (law) and the purpose of Islamic law. While the wisdom of the contracts in Islamic economics are: 1). Moral and material accountability of both parties emerged; 2). The emergence of a sense of tranquility and satisfaction from both parties; 3). Avoidance of disputes from both parties; 4). Avoid legitimate ownership of property; 5). Ownership status of property becomes clear; 6). There is a strong bond between two or more people in transacting or having something; 7) It cannot be arbitrary in canceling an agreement, because it has been set in shar\u27i; 8). A contract is a "legal umbrella" in possession of something, so that the other party cannot sue or have it. In simple terms the wisdom of the Covenant is an attempt to uncover the truth, practice the truth and fight lust from all forms of evil and realize benefit and reject damage in the muamalah contract of Islamic economics

    Learning Quality Improvement through the Metacognitive Keywords Model (MKM) Teaching Model in Islamic Learning

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    The dynamics of developmental technology and information in the Postglobalization era has a significant impact in building the scientific method of education, especially for Islamic Education. The teacher or Tutor as the main actor in delivering the learning material in the classroom is required to be able to map and guide students in understanding and implementing Islamic value. This article aims to developing PAI learning models through the Metacognitive Keyword Model (MKM). A teaching method intended for teachers / tutors so that they can guide their own thoughts in delivering the material appropriately, effectively and efficiently. The term "Keyword" refers to the “stressing point†of every material taught. MKM consists of several stages including (1) refresh; (2) re-arrange the keywords; (3) creating positive self talk or affirmation; (4) review and (5) Reflect. MKM can also be applied specifically to students through the keyword mapping process of each material. Through this model it is hoped that it will improve the quality of the learning process of Islamic Religion in educational settings

    Hamdani Bakran Adz-Dzakiey’s Sufism Psychotherapy as Part of the Medication for Muslim Mental Illness

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    This research is aimed to describe and analyze the concept of sufism psychotherapy as part of the medication for muslim mental illness according to Hamdani Bakran Adz-Dzakiey. The type of this research is library research. The Data Collection Method is the documentation and interview. The Data Analysis Technique uses an interactive analysis model developed by Miles and Huberman, which includes: data reduction,  display data, and conclution drawings. The results of this research are: First, Hamdani Bakran Adz-Dzakiey’s Sufism Psychotherapy is derived from empirical and prophetic-based experience and used methods of tasawuf (takhalli, tahalli, and tajalli). Second, Sufism psychotherapy function are for self-purification, self-identification, self- prevention, self-education, self-development, self-prediction, self-control, and self-understanding

    Javanese Religious Expression Through Kenduren Tradition

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    This research aimed to analyze Javanese religious expression which was realized in a form of kenduren tradition. The researcher used semiotics approach to interpret the symbols in kenduren tradition and expose integrative Islamic education in the tradition. The conclusion of the research was kenduren as one of the religious expressions for Javanese people. Through the tradition, the society integrated several Islamic teachings such as prayer, zikir, gratitude expression, silaturahim (maintain human relationship), and human equality. Therefore, the people involved in kenduren was expected to have a better attitude because they have implemented the value of Islamic teachings through the tradition

    The Dynamic of Social Changes of Muslim Community Toward Water Park Tourism in Maguwoharjo Tourism Village, Sleman, Yogyakarta

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    Society consists of several persons who live together to create culture. Thus without the existence of a society as a place for cultural growth, culture will not exist. Jogja Bay Waterpark Tourism is considered to be one of the biggest water park tourism in Southeast Asia which attracts many local and foreign tourists. The purpose of this study is finding out the dynamics of social change in society, especially Muslim communities around tourism area. Data retrieval is done by interviewing some people and clergy leaders around the Jogja Bay Waterpark. The results of this study find that there is an impact of positive changes in the economic sector, whereas in the socio-cultural field, there is a significant impact on the behavioral pattern of Muslim communities towards the negative, especially the youth caused by the existence of foreign cultures

    International Mobility Based on Women Labour: Study of Changes in Socio-Economic-Cultural Family Former migrant worker Jakatawa Bulaksari In the village, District Bantarsari, Cilacap Seen From the Perspective of Islamic Economic Theory

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    Migration is marked by international mobility occurs due to population growth which is not matched by the growth of employment. For women in the village who do not have a higher education and do not have a lot of skills, international mobility is a golden opportunity to improve their families\u27 income. This issue is very complex but interesting to be studied.  One of the purpose of this study was to Assess the social, economic, and cultural communities Jakatawa Bulaksari in general, particularly family / former international migrant workers (TKW) before becoming migrant workers, as well as how Islam views women migrant workers, it is well known that in Islam there are three pillars used to build the economic system in the Islamic view, that is how the wealth acquired over ownership (al-milkiyah), and how the management of property ownership (tasharruf fil milkiyah), as well as how the distribution of wealth in society (tauzi\u27ul tsarwah bayna an- Hoodoo). These three pillars, according to the researchers, the relevant applied in the case of Indonesian Workers (TKI), especially Labor Women (TKW) which is the object of this study were associated with changes in the behavior of economic, social, and cultural. This research was conducted by survey method is the explanation of descriptive research. This research was conducted in the area of Dusun Jakatawa, Bulaksari Village, District Bantarsari, Cilacap. Based on the findings availability of jobs in the hamlet jakatawa was very limited, coupled with limited human resources in the management of agricultural land, as well as the most supportive factor is the lifestyle of a consumer society, lack of education, which raises Hamlet jakatawa option for women to work outside the country

    (ARTICLE RETRACTED) Social Capital: Trust Building as A Strategy of Developing Madrasa (A Case Study at MI Istiqomah Sambas Purbalingga)

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    This article is RETRACTED, because has been publish before at AL-HAYAT : Journal of Islamic Education on Vol. 1 No. 1, 2017. if you want to read and cite this article, please visit https://alhayat.or.id/index.php/alhayat/article/view/5

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