Ekonomi Islam

FINANCIAL TECHNOLOGY (FINTECH) REVIEWED ACCORDING TO THE PERSPECTIVE OF FOUR ULEMA OF FIQIH (HANAFI, MALIKI, SYAFI'I AND HAMBALI)

A Khaerul Mu'min Al-Mu'min — Fri, 31 May 2024 00:00:00 +0700

Financial Technology (Fintech) is a digital transaction tool that is developing in today's society. Many companies are developing fintech and using it for practical and easy transactions. Sellers and buyers do not need to meet face to face and can do this at their respective homes. With this convenience, there is a need for sharia rules that regulate fintech law. The aim of this research is to provide an overview of fintech law from a fiqh perspective, so that people can analyze whether to use fintech or use traditional finance. As a result of this research, researchers found elements that exist in fintech in the form of offline or online buying and selling, saving or top-up systems, MLM and borrowing and borrowing. Of all the opinions of the four Ulema of Fiqh, differences were found between the schools of jurisprudence according to their reasons. However, basically fintech is allowed as long as the transactions do not contain gharar and usury.

THE INFLUENCE OF CONSUMPTION LEVELS, INFLATION, CAR, AND BOPO AGAINST PROBLEM FINANCING IN SHARIA COMMERCIAL BANK

Alda Fildza Amima, Rahmawati Khoiriyah, Muhammad Aiman Hakim Bin Shamsuddin — Fri, 31 May 2024 00:00:00 +0700

The aim of this research is to identify variables that influence Non-Performing Financing (NPF) of sharia banking in Indonesia. Consumption level (GDP), price increase (inflation), capital adequacy (CAR), operating expenses and operating income (BOPO) are the variables used in this research as independent variables. This data was taken from the Sharia Financial Development Report and analyzed using the multiple regression method. The general population in this research is Sharia Commercial Banks registered with the Financial Services Authority (OJK) in 2018-2022, with a total research observation sample of 5 types of Sharia banks, because other categories of Sharia commercial banks do not meet the criteria for this research. The research results show that all variables do not have a significant influence on Non-Performing Financing (NPF) except that the Capital Adequacy Ratio (CAR) has a small influence on Non-Performing Financing (NPF). Previous research explains that capital adequacy (CAR) has a positive and significant effect on non-performing financing (NPF). Meanwhile, this research explains that capital adequacy (CAR) has a negative effect on non-performing financing (NPF).

FACEBOOK MARKETPLACE AS AN ALTERNATIVE TO ADVANCE THE ECONOMY OF THE UMAM: PERSPECTIVE OF ISLAMIC ECONOMIC LAW

Indra Indra, Syukri Iska, Dayat Dayat, Farida Arianti — Fri, 31 May 2024 00:00:00 +0700

Transaction sell purchase is done using the Facebook marketplace platform is very structured big in use technology information as well as the internet at the moment this. Development method marketing product mature this is not it regardless from pattern sell buy and transaction online make law Islam take very important role in respond in perspective law economy Islam. On the basis Islam allow all form transaction muamalah is what is done, as long as Not yet There is the text forbids it transaction that. Facebook Marketplace give solution in promote product seller to get it reachable by buyers with fast and flexible and legal Islam give limitations to transaction the with exists terms and conditions sell buy in Islam, as long as transaction That fulfil provision terms and conditions so transaction the allowed in Islamic and also legal

IMPACT OF FINANCIAL TECHNOLOGY (FINTECH) ON SHARIA BANKING: PERSPECTIVE OF FIQH ECONOMIC

Mufida Auliyaun Nisaa, Muhammad Yazid, Eltayeb Salah Eltayeb Abdelmagid — Fri, 31 May 2024 00:00:00 +0700

The research was conducted with the aim of ensuring that sharia banking customers can be more confident and careful in using financial technology in carrying out sharia banking activities. This research is qualitative research with a literature review research method, namely a method of reviewing research that has been carried out previously which relies on various relevant books or journals. It can be concluded that according to the perspective of fiqh economic, the financial technology (fintech) used in sharia banking is a form of adaptation to technological advances from time to time. Due to technological advances, human needs are also progressing and becoming more diverse. So that the existence of financial technology is relevant to the perspective of fiqh economic in terms of realizing benefits for humanity in accordance with the maqashid of sharia. Customers must of course understand more about sharia principles in the Fintech sector, including rukun, contracts, provisions, law, tax administration, accounting and audit, in order to avoid usury and gharar.

EXPLORING THE ESSENCE OF HOMO ISLAMICUS: A CASE STUDY OF STUDENTS IN MALANG, EAST JAVA

Aji Purba Trapsila, Dwi Hidayatul Firdaus, Anas Budiharjo — Fri, 31 May 2024 00:00:00 +0700

This study examines the impact of Homo Islamicus behavior, as reflected by Maqāsid Sharia, on the quality of life among Muslim students in Malang, East Java. Using a sample of 110 students from Brawijaya University and Malang State University, Partial Least Squares (PLS) analysis was employed to analyze the data. The research found significant relationships between maintaining reason, soul, and descendants with students' quality of life while maintaining property did not significantly affect it. The study highlights the need for a balanced approach to Homo Islamicus behavior, with maintaining religion showing the lowest score among the Maqāsid variables. These findings suggest that to enhance quality of life, the implementation of Maqāsid Sharia must be comprehensive. The study contributes to understanding the dynamics of Homo Islamicus behavior and its implications for the well-being of Muslim students.

THE INFLUENCE OF AGRICULTURAL SECTOR VARIABLES ON THE ECONOMIC GROWTH OF INDONESIA: AN ISLAMIC ECONOMIC PERSPECTIVE

Andri Juansya, M. Wakhid Musthofa, Desfitranita Desfitranita — Fri, 31 May 2024 00:00:00 +0700

This research aims to assess the impact of the agricultural sector (plantation crops, livestock, and fisheries) on Indonesia's economic growth using time series data extracted from the reports of the Central Statistics Agency (BPS) from 2011 to 2022. The analytical method employed is a quantitative approach utilizing multiple linear regression models, with classical assumption tests conducted prior to data analysis. Data analysis for this study is conducted using EViews version 10 software. The findings indicate that plantation crops do not have a significant impact, with a probability value of 0.5168 > 0.05. However, livestock and fisheries show significant impacts, with probability values of 0.0222 < 0.05 and 0.003243 < 0.05, respectively. Furthermore, the R-squared test results demonstrate that the independent variables can explain 77.77% of the variance in the dependent variable. Keywords: Agricultural Sector (plantation crops, livestock, fisheries), Indonesian Economic Growth.

THE IMPACT OF ISLAMIC BUSINESS ETHICS, ONLINE CUSTOMER REVIEWS, AND ONLINE CUSTOMER RATINGS ON DECISIONS TO PURCHASE HALAL COSMETIC PRODUCTS THROUGH SHOPEE

Inayah, Elfira Maya Adiba, Rachela Jessy — Fri, 31 May 2024 00:00:00 +0700

Purchasing transactions have grown rapidly due to the presence of the Internet. The use of Internet facilities allows business activities to be carried out anywhere and at any time without having to meet the parties in the transaction physically. Business activity using the Internet is called electronic commerce (e-commerce). Currently, in Indonesia, the online shop or online marketplace trend is on the rise. According to Research and Markets, a market research platform, the market in Indonesia is potentially growing by 19.0% throughout 2022. Some of the most popular online shops are Shopee, Tokopedia, Lazada, Zalora, and so on. The study aims to find out the influence of Islamic business ethics, online customer reviews, and online customer ratings on the decision to buy halal cosmetics products through Shopee among students of Trunojoyo Madura University. The study used quantitative methods and purposive sampling with respondents of as many as 100 students. The results of the study showed that Islamic business ethics (X1), online customer review (X2), and online customer rating (X3) have a significant influence on the purchase decision of halal cosmetic products. The combination of all variables studied influences each other in determining the decision of students to purchase illegal cosmetic products.

THE INFLUENCE OF FINANCIAL KNOWLEDGE, FINANCIAL SELF-EFFICACY AND LOCUS OF CONTROL ON ISLAMIC FINANCIAL BEHAVIOR IN GENERATION IN DKI JAKARTA

Muhammad Reza Pahlevi, Gusniarti Gusniarti — Fri, 31 May 2024 00:00:00 +0700

This study aims to determine the effect of Financial Knowledge, Financial Self-Efficacy, and Locus of Control both partially and simultaneously on Islamic Financial Behavior in Generation Z in DKI Jakarta. This type of research is quantitative with a causality approach. The method used in sampling is purposive sampling. The partial test shows that the financial knowledge variable has a positive and significant effect on Islamic financial behavior, financial self-efficacy has a positive and significant effect on Islamic financial behavior, and locus of control has a positive and significant effect on Islamic financial behavior. The results of this study indicate that financial knowledge, financial self-efficacy, and locus of control simultaneously have a positive and significant effect on Islamic financial behavior.