85 research outputs found
ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI MASUKNYA INVESTASI ASING LANGSUNG DI NEGARA-NEGARA ISLAM
Full text linkDalam proses pembangunan ekonomi, pemerintah membutuhkan sumber pendanaan yang besar untuk membiayai pembangunan. Salah satu alternatif sumber pendanaan yang dapat diusahakan adalah menarik masuknya investasi asing. Investasi asing mendatangkan modal dan mantransfer teknologi untuk mengembangkan kualitas dan kuantitas industri. Tesis ini bertujuan untuk meneliti pengaruh faktor makroekonomi, tata kelola pemerintah dan risiko negara terhadap masuknya investasi asing di 13 negara Islam dengan populasi Muslim terbesar dari 2002 sampai 2015. Penelitian kuantitatif ini mengaplikasikan metode Regresi Data Panel dengan Model Fixed Effect dan pendekatan Within Group Estimator. Hasil empiris menunjukkan bahwa Pendapatan negara berkorelasi positif dan memiliki pengaruh terkuat dalam menarik masuknya investasi asing. Lain dari itu, semakin baik kualitas tata kelola pemerintah dan rendahnya ekposur risiko negara akan meningkatkan arus masuk modal asing. Inflasi tidak memliki peranan yang signifikan dalam mendorong masuknya investasi asing langsung sedangkan Nilai kurs mata uang lokal terhadap Dolar Amerika memiliki korelasi signifikan dengan arah negatif. Pengaruh negatif ini menunjukkan bahwa depresiasi mata uang lokal menurunkan masuknya investasi asing, dan sebaliknya, apresiasi mata uang lokal justru meningkatkan investasi asing. Menguatnya nilai tukar memberi pertanda aktivitas ekonomi yang meningkat, khususnya dalam bidang ekspor. Hal ini direspon oleh para investor asing dengan meningkatkan penanaman modal di negara-negara Islam
Do Indonesian Islamic Microfinance Institutions Need Lender of the Last Resort?
Full text linkLiquidity risk is one of significant risk managed by financial intermediaries including Islamic Microfinance Institutions (IMFIs). The financial intermediaries accept short-term deposits and disburse these deposits in the form of long-term loans. This situation makes IMFI desperately need a lender of last resort (LOLR). Nevertheless, there has been no formal LOLR for Indonesian IMFIs. This study intends to construct the LOLR model for IMFI in Indonesia. This qualitative study applies a case study analysis. This study's subjects are IMFIs in East Java Province that was selected purposively with thirty managers as the key informants. Research findings show that the best model of LOLR is developing a secondary cooperative since the majority form of IMFIs in Indonesia are cooperative entities. With all members of a secondary cooperative deposit for reserve requirements, they can place excess liquidity in the secondary cooperative and ask for financial support
Prophetic Sexology in Hadith: A Preventive Model for Adolescent Counseling in Indonesia
Full text linkThis study focuses on explaining the model of preventing sexual violence and crime by formulating religious values from thematic hadith texts sexology preventive counseling, as the basis of moral ideas in the relationship between men and women. This study aims to provide an overview of how sexology hadith texts can be used as prophetic counseling materials related to preventive sexology for adolescents. The method used in this study is content analysis using sexology theories about sex and sexuality in the structuring of sexology thematic hadith. As a result, the hadith texts that have the content of preventive sexology counseling for adolescents are not limited to sex as reproduction and procreation but transcendent and ecosexological. Second, prophetic sexology provides biological (al-jismiyyah), psychological (an-nafsiyyah), spiritual (ar-rūhāniyyah), and ecological (al-bī'ah) aspects. Third, the value of preventive sexology of counseling on the aspect of al jismiyyah strengthens in terms of hygiene and health of the reproductive organs (at-tahārah) and marriage commitment. Meanwhile, the al-nafsiyyah aspect emphasizes productive and safe attitudes, behaviors, sexual urges and sexual orientations as well as humanist gender relations. Meanwhile, the aspect of al-bī'ah emphasizes the urgency of sexuality related to the function of vital organs that are actively involved in protecting the environment as well as the spiritual aspects of al-ruhaniyyah which reflects the cleanliness of the heart (rūhiyyah) from immoral behavior or adultery. An Important contribution of this studi is the basic idea of prophetic sexology goes beyond sexual health, reproduction, and procreation, namely, sacredness, spirituality, and ecology adolescent sexual healt counselling. Contributions that can be made by sexology counseling include increasing awareness about reproductive health and self-esteem (al-‘iffah), maintaining modesty (al-hayā'), and paying attention to aspects of eco-sexology and spiritual sexology.
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Zubairi, Furhan, Jamal Ahmed Bashier Badi, and Mohammad Eisa Ruhullah. “Quranic Analysis: A Critical Examination of Gender in Islamic and Western Paradigms.” MAQOLAT: Journal of Islamic Studies 2, no. 2 (2024): 70–86. https://doi.org/DOI: https://doi.org/10.58355/maqolat.v2i2.67.Penelitian ini difokuskan untuk menjelaskan model pencegahan kekerasan dan kejahatan seksual melalui formulasi nilai-nilai agama yang bersumber pada teks-teks hadis tematik seksologi yang di susun dan di kompilasi kedalam hadis arba’in. Penelitian ini bertujuan untuk memberikan gambaran bagaimana teks-teks hadis seksologi dapat dijadikan sebagai bahan konseling prophetik terkait seksologi preventif bagi remaja. Metode yang digunakan dalam penelitian ini berupa analisis isi (content analysis) dengan menggunakan teori seksologi tentang seks, seksual dan seksualitas di dalam strukrurisasi hadis tematik seksologi. Hasilnya, bahwa teks-teks hadis yang memiliki muatan seksologi preventif bagi remaja di temukan tidak kurang dari 40-an hadis yang meliputi aspek konseling dalam bentuk al jismiyyah, al Nafsiyyah, al Bi’ah dan ar Ruhaniyyah. Kedua, nilai-nilai prinsip konseling seksologi preventif pada al jismiyyah menguat dalam soal kebersihan dan kesehatan organ reproduksi (thaharah) dan komitmen pernikahan. Sedangkan aspek al Nafsiyyah lebih menegaskan sikap, perilaku, dorongan seksual dan orientasi seksual yang produktif dan aman serta relasi gender yang humanis. Sementra aspek al bi’ah lebih menekankan keterlibatan organ vital dalam menjaga lingkungan serta aspek spiritual yang mencerminkan kebersihan hati (ruhiyyah) dari perilaku maksiat atau zina. Ide dasar seksologi prophetic tersebut melampui kesehatan seksual yang sekedar pada aspek seks sebagai reproduksi dan prokreasi tetapi juga sakralitas, spiritual dan ekologis
Early warning systems in Indonesian Islamic banks: A comparison of Islamic commercial and rural banks
Full text linkAbstractThe study examines the stability of Indonesian Islamic Commercial Bank (ICB) and Islamic Rural Bank (IRB) by employing a Markov Switching Dynamic model of two regimes, stable (tranquil) and unstable (crisis). This study utilizes monthly data between December 2007 and April 2022. Findings show that both ICB and IRB have greater probabilities of remaining in the tranquil regime compared to the period of crisis. Even though ICB Z-scores have a wider range of volatility than IRB Z-scores, the ICB has been shown to recover from crises faster than the IRB. The differences in characteristics between ICB and IRB, as well as swings in the Z-score, do not provide resilience benefits. Thus, both ICB and IRB are equally vulnerable to the crisis. This study’s findings could be used to generate policy for the relevant stakeholders of Islamic banking industries
Analyzing the impact of productive zakat on the welfare of zakat recipient
Full text linkPurpose – This study aims to investigate the effects of zakat and business assistance on the growth and
well-being of mustahiqs (zakat recipients). This study also investigates the impact of macroeconomic
variables on the welfare of mutahiqs.
Design/methodology/approach – The partial least squares-structural equation modelling method is
used in this quantitative study, examining data from 137 mustahiqs. The data was collected from seven zakat
institutions, which run effective zakat programmes to empower mustahiqs.
Findings – Zakat empowerment programmes and business assistantships positively impact the growth of
mustahiqs’ businesses, beneficial to their well-being. Nevertheless, their well-being is unaffected by the proxy
of the macroeconomy.
Originality/value – This study adds to the zakat literature by identifying the relationship between zakat,
business growth, macroeconomic conditions and mustahiq welfare. Accordingly, this approach was made by
combining primary and secondary data. This research offers a unique measure of welfare based on the
concept of the Islamic objectives (Maqasid al-Shariah)
A mediating effect of business growth on zakat empowerment program and mustahiq’s welfare
Full text linkZakat is an instrument of Islamic economic and social funds that contributes to the achievement of people wellbeing. This study examines the business growth as a mediating variable on the relationship between the impact of the zakat empowerment programs and mustahiq’s (zakat recipient) welfare. This quantitative study employs Partial Least Square Structural Equation Modelling (PLS-SEM) analysis on 100 mustahiqs from different zakat empowerment programs in East Java and DI Yogyakarta. Zakat empowerment positively affects mustahiq’s welfare. This indicates that the empowerment program successfully increases mustahiqs’ wellbeing and their business. Business growth as a mediating variable on the relationship between business assistantship and mustahiq welfare also shows a positive and significant effect. Further, macroeconomic indicators consisting of GRDP and inflation and internal factors consisting of age and educational level, have different impacts on the business growth of mustahiq. This study confirms the zakat empowerment program’s role in improving the mustahiq’s welfare based on maqashid al-shariah (the Islamic objectives). Zakat community empowerment is a solution to suppress the poverty rate and possible for reducing inequality and ending poverty in Indonesia. This study extends the literature by providing a unique measurement of mustahiq welfare. This study incorporates maqashid al-shariah considerations to measure the wellbeing
Constraints and strategies for municipal Sukuk issuance in Indonesia
Full text linkPurpose – This study aims to examine the constraints in the issuance of municipal Sukuk in Indonesia and proposed potential solutions and strategies to support its implementation. Design/methodology/approach – This study used the analytic network process (ANP) method with four groups of relevant respondents that comprised representatives from the local government, universities (academicians), experts (practitioners) and regulators. Findings – Four elements support municipal Sukuk issuance: issuer (regional government or municipality), investor, market and infrastructure. The element with the highest score was the lack of commitment from the regional government in issuing municipal sukuk due to leadership change that occurs every five years. Thus, specific regulations that strengthen and regulate municipal Sukuk issuance and the support from the central government are the priority solutions and strategies that should be undertaken to encourage regional governments in issuing municipal Sukuk. Practical implications – The establishment of specific regulations by the central government that support and strengthen municipal Sukuk issuance is necessary to promote successful implementation. Supports from the central government include tax incentives, accessible licensing processes and bureaucracy aids. Originality/value – This study extended the literature by examining problems, solutions and strategies for municipal Sukuk issuance in terms of four aspects: the issuer (municipal government), investors, markets and infrastructure. The multiple aspect analyses provided a broader understanding of the lack of municipal Sukuk issuance in Indonesi
The influence of institutional quality, economic freedom, and technological development on Islamic financial development in OIC countries
No full textThis study investigates the relationship between Institutional quality, Economic freedom, technological advancement, and Islamic financial development in selected OIC countries. This study employs the panel estimation method to examine annual data pertaining to Islamic bank industries across 22 countries, sourced from the SESRIC database, from 2013 to 2021. The findings show that the overall quality of institutions and economic freedom influence Islamic finance development. Further, the contribution of technological development appears when institutional quality indicates higher performance. Despite the predominant correlation observed among institutional indicators, this study, focusing on a comprehensive index, reveals a consistent and significant contribution of institutional quality to the growth of Islamic finance. Furthermore, this study's findings show that institutional quality and economic freedom are related; yet, the methods by which the foundations of each indicator influence financial development differ. The findings of this research underscore the importance of urging policymakers, particularly governmental authorities, to prioritize the development of policies and initiatives aimed at fostering a healthy and conducive environment. Emphasizing practical and transparent institutional frameworks is essential for cultivating a well-regulated economic environment
Constitutional Court Decision Number 46 / Puu-Viii / 2010 Reviewed from the Perspective of Adat Law, Burgerlijk Wetboek (Bw) and Islamic Law
No full textAn Empirical Analysis Macroeconomics On Islamic Mutual Funds In Indonesia
Full text linkMacroeconomic factors are indicators to be considered by fund managers and investors before allocating funds for investment. The study aims to discover a causal relationship and test for long-term relationship between macroeconomic variables consisting of inflation, interest rate and currency exchange rate against Islamic mutual funds. The research used secondary monthly data related to macroeconomic variables and Islamic mutual funds during 2011-2016. This study uses a quantitative approach with a model of Vector Auto Regression (VAR). The empirical results show that there are no long-term relationship between the variables of inflation, interest rates, and exchange rate against Islamic mutual fund. Granger causality test shows that the three variables of inflation, interest rates, and exchange rates has no causal relationship, but there are two one-way relationships, which include the interest rate and Islamic mutual funds, and Islamic mutual funds and the exchange rate
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