Pub Date : 2022-01-22DOI: 10.18326/muqtasid.v12i2.89-104
H. Sudarsono, Jannahar Saddam Ash Shiddiqi
This research aims to determine the effect of bank size (SIZE), profitability (ROA), efficiency (EFF), non-performing finance (NPF), interest (INTR), and inflation (INFL) on profit and loss sharing (PLS) financing (equity financing), and sale-purchase (SP) financing (debt financing) Islamic banks in Indonesia. Furthermore, monthly Islamic bank data in June 2014 to July 2020 was used. The autoregressive distributed lag (ARDL) method was used to determine the short and long-term effects of the independent variables on the financing variable. The results showed that ROA and EFF have a positive effect on MRF but ROA and EFF have a negative effect on MDA and MSF. NPF has a positive effect on MDF, but has a negative effect on MRF. Meanwhile, SIZE has a negative effect on MDF, MDA, MRF, and MRA. The INTR has a negative effect on MDA, MRF, and MRA. The implication of this research is that financialperformance has more influence on debt financing compared to equity financing of Islamic banks in Indonesia.
{"title":"Equity Financing, Debt Financing, and Financial Performance in Islamic Banks","authors":"H. Sudarsono, Jannahar Saddam Ash Shiddiqi","doi":"10.18326/muqtasid.v12i2.89-104","DOIUrl":"https://doi.org/10.18326/muqtasid.v12i2.89-104","url":null,"abstract":"This research aims to determine the effect of bank size (SIZE), profitability (ROA), efficiency (EFF), non-performing finance (NPF), interest (INTR), and inflation (INFL) on profit and loss sharing (PLS) financing (equity financing), and sale-purchase (SP) financing (debt financing) Islamic banks in Indonesia. Furthermore, monthly Islamic bank data in June 2014 to July 2020 was used. The autoregressive distributed lag (ARDL) method was used to determine the short and long-term effects of the independent variables on the financing variable. The results showed that ROA and EFF have a positive effect on MRF but ROA and EFF have a negative effect on MDA and MSF. NPF has a positive effect on MDF, but has a negative effect on MRF. Meanwhile, SIZE has a negative effect on MDF, MDA, MRF, and MRA. The INTR has a negative effect on MDA, MRF, and MRA. The implication of this research is that financialperformance has more influence on debt financing compared to equity financing of Islamic banks in Indonesia.","PeriodicalId":55776,"journal":{"name":"Muqtasid Jurnal Ekonomi dan Perbankan Syariah","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45468224","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-01-22DOI: 10.18326/muqtasid.v12i2.105-118
Muhammad Iqbal, Sunaryati Sunaryati, H. Kusuma
This study aims to analyze the effect of financial performance and macro-economic on Islamic banks' vulnerability in Indonesia from 2014 to 2020. Data were analyzed using the Autoregressive Distributed Lag since their several variables in the economy are dynamic. The results showed that exchange rates and financing are the dominant factors that affect the Islamic banks' vulnerability. Therefore, policymakers tend to identify financial instability and try to avoid the crisis if detected. The Z-score variable in the previous periods (VUL) is another factor that affects Islamic banks' vulnerability
{"title":"Determinants of Islamic Banking Vulnerability in Indonesia from 2014 to 2020","authors":"Muhammad Iqbal, Sunaryati Sunaryati, H. Kusuma","doi":"10.18326/muqtasid.v12i2.105-118","DOIUrl":"https://doi.org/10.18326/muqtasid.v12i2.105-118","url":null,"abstract":"This study aims to analyze the effect of financial performance and macro-economic on Islamic banks' vulnerability in Indonesia from 2014 to 2020. Data were analyzed using the Autoregressive Distributed Lag since their several variables in the economy are dynamic. The results showed that exchange rates and financing are the dominant factors that affect the Islamic banks' vulnerability. Therefore, policymakers tend to identify financial instability and try to avoid the crisis if detected. The Z-score variable in the previous periods (VUL) is another factor that affects Islamic banks' vulnerability","PeriodicalId":55776,"journal":{"name":"Muqtasid Jurnal Ekonomi dan Perbankan Syariah","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47965285","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-01-22DOI: 10.18326/muqtasid.v12i2.75-88
M. I. Junjunan, A. Nawangsari, Arta Agustin Melania, Agus Purnomo Ahmad Putikadyanto
The COVID-19 pandemic has had an impact on all aspects of life, including Indonesian banking. Furthermore, there has been a rapid growth of both Islamic and conventional banking industries. Therefore, this study aims to analyze the differences in the financial ratios of capital adequacy ratio, non-performing loans/non-performing financing, return on asset, return on equity, operating expense to operating income, as well as loan to deposit ratio/financing todeposit ratio of Islamic and conventional banking during the COVID-19 pandemic. Acomparative analysis method was used with a quantitative approach, and data analysis was carried out using the independent sample t-test and the Mann-Whitney rank test. The results showed that during the COVID-19 pandemic, there were significant differences in the financial performance ratios of capital adequacy ratio, non-performing loans/non-performing financing, return on asset, return on equity, operating expense to operating income, and loan to deposit ratio/financing to deposit ratio for both Islamic and conventional banking. Moreover, conventional banking tends to have better financial performance compared to Islamic bankingduring the COVID-19 pandemic. The implication of this study is that the public can find out the financial position of both Islamic and conventional banks and make comparisons to ascertain which one has a better financial position in times of crisis.
{"title":"A Comparative Study on Financial Performance between Islamic and Conventional Banking in Indonesia During the COVID-19 Pandemic","authors":"M. I. Junjunan, A. Nawangsari, Arta Agustin Melania, Agus Purnomo Ahmad Putikadyanto","doi":"10.18326/muqtasid.v12i2.75-88","DOIUrl":"https://doi.org/10.18326/muqtasid.v12i2.75-88","url":null,"abstract":"The COVID-19 pandemic has had an impact on all aspects of life, including Indonesian banking. Furthermore, there has been a rapid growth of both Islamic and conventional banking industries. Therefore, this study aims to analyze the differences in the financial ratios of capital adequacy ratio, non-performing loans/non-performing financing, return on asset, return on equity, operating expense to operating income, as well as loan to deposit ratio/financing todeposit ratio of Islamic and conventional banking during the COVID-19 pandemic. Acomparative analysis method was used with a quantitative approach, and data analysis was carried out using the independent sample t-test and the Mann-Whitney rank test. The results showed that during the COVID-19 pandemic, there were significant differences in the financial performance ratios of capital adequacy ratio, non-performing loans/non-performing financing, return on asset, return on equity, operating expense to operating income, and loan to deposit ratio/financing to deposit ratio for both Islamic and conventional banking. Moreover, conventional banking tends to have better financial performance compared to Islamic bankingduring the COVID-19 pandemic. The implication of this study is that the public can find out the financial position of both Islamic and conventional banks and make comparisons to ascertain which one has a better financial position in times of crisis.","PeriodicalId":55776,"journal":{"name":"Muqtasid Jurnal Ekonomi dan Perbankan Syariah","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46913439","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-31DOI: 10.18326/muqtasid.v12i2.144-154
Regina Niken Wilantari, E. Widarni, Suryaning Bawono
This study aims to examine the influence of interest rates, GDP, consumption, and investment on Islamic finance in Malaysia. Also, it focuses on the causal relationship between the macroeconomic and humanistic approach in understanding the role of Muslim economics. Data were analyzed using the Vector Error Correction Model and the results showed that interest rates negatively affect the real sector. Therefore, the Islamic financial system with a zero or no interest-based interest rate tends to promote a social economy
{"title":"Investment, Deposit Interest Rates, and Real Sector Performance: A Case Study of Islamic Finance in Malaysia","authors":"Regina Niken Wilantari, E. Widarni, Suryaning Bawono","doi":"10.18326/muqtasid.v12i2.144-154","DOIUrl":"https://doi.org/10.18326/muqtasid.v12i2.144-154","url":null,"abstract":"This study aims to examine the influence of interest rates, GDP, consumption, and investment on Islamic finance in Malaysia. Also, it focuses on the causal relationship between the macroeconomic and humanistic approach in understanding the role of Muslim economics. Data were analyzed using the Vector Error Correction Model and the results showed that interest rates negatively affect the real sector. Therefore, the Islamic financial system with a zero or no interest-based interest rate tends to promote a social economy","PeriodicalId":55776,"journal":{"name":"Muqtasid Jurnal Ekonomi dan Perbankan Syariah","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42098407","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-31DOI: 10.18326/muqtasid.v12i2.119-128
Rizka Alwathan, P. Nugraheni
This study aims to examine the factors affecting customer loyalty in Sumbawa city, Nusa Tenggara Barat province, Indonesia. This province become the driving factor of the Islamic bank market because it is dominated by 97% Muslims. Meanwhile, the independent factors include profit sharing, service quality, transparency, and trust. Data were collected using a questionnaire and analyzed using multiple regression methods. The results showed that service quality, transparency, and trust positively affect the customer loyalty of Islamic bank, while profit sharing have no influence. Furthermore, Muslim financial institutions are expected to use their best performance to increase customer loyalty. The practitioners and regulators can improve their performance and develop the Islamic financial industry by considering the result above.
{"title":"Factors Affecting Customer Loyalty of Islamic Bank in Sumbawa City, Indonesia","authors":"Rizka Alwathan, P. Nugraheni","doi":"10.18326/muqtasid.v12i2.119-128","DOIUrl":"https://doi.org/10.18326/muqtasid.v12i2.119-128","url":null,"abstract":"This study aims to examine the factors affecting customer loyalty in Sumbawa city, Nusa Tenggara Barat province, Indonesia. This province become the driving factor of the Islamic bank market because it is dominated by 97% Muslims. Meanwhile, the independent factors include profit sharing, service quality, transparency, and trust. Data were collected using a questionnaire and analyzed using multiple regression methods. The results showed that service quality, transparency, and trust positively affect the customer loyalty of Islamic bank, while profit sharing have no influence. Furthermore, Muslim financial institutions are expected to use their best performance to increase customer loyalty. The practitioners and regulators can improve their performance and develop the Islamic financial industry by considering the result above.","PeriodicalId":55776,"journal":{"name":"Muqtasid Jurnal Ekonomi dan Perbankan Syariah","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41423422","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-31DOI: 10.53491/elmudhorib.v2i2.252
Rifqi Rivaldi
Islamic economics is the basis of Muslims in knowing the principles of sharia economic teachings based on the Qur'an and Hadith in the economic thought of M Nejatullah S and M Umer Chapra. The purpose of this study is to explain the economic thinking of M Nejatullah S and M Umer Chapra and their contribution to the country's economic system. This research is a type of historical research with library data sources. The results of this study indicate that the economic thinking of M Nejatullah Siddiqi related to sharia insurance or commonly called takaful is a new product that was born as a result of the rejection of conventional insurance which in its operations practices usury, maysir, and gharar. While Chapra's economic thinking is based on the concept of monotheism, caliphate, and justice, in its operations, Chapra divides this concept of caliphate into four main points, namely: universal brotherhood, resources as a mandate (resources are trusted), a simple lifestyle ( humble lifestyle), and human freedom.
{"title":"EKONOMI ISLAM DALAM PEMIKIRAN M. UMER CHAPRA DAN M. NEJATULLAH SIDDIQI","authors":"Rifqi Rivaldi","doi":"10.53491/elmudhorib.v2i2.252","DOIUrl":"https://doi.org/10.53491/elmudhorib.v2i2.252","url":null,"abstract":"Islamic economics is the basis of Muslims in knowing the principles of sharia economic teachings based on the Qur'an and Hadith in the economic thought of M Nejatullah S and M Umer Chapra. The purpose of this study is to explain the economic thinking of M Nejatullah S and M Umer Chapra and their contribution to the country's economic system. This research is a type of historical research with library data sources. The results of this study indicate that the economic thinking of M Nejatullah Siddiqi related to sharia insurance or commonly called takaful is a new product that was born as a result of the rejection of conventional insurance which in its operations practices usury, maysir, and gharar. While Chapra's economic thinking is based on the concept of monotheism, caliphate, and justice, in its operations, Chapra divides this concept of caliphate into four main points, namely: universal brotherhood, resources as a mandate (resources are trusted), a simple lifestyle ( humble lifestyle), and human freedom.","PeriodicalId":55776,"journal":{"name":"Muqtasid Jurnal Ekonomi dan Perbankan Syariah","volume":"121 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85351875","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-31DOI: 10.18326/muqtasid.v12i2.129-143
Agus Widarjono
Islamic banks provide financing in the form of equity financing and non-equity financing. Equity financing is profit-loss sharing financing which is the main core of Islamic bank business consisting of Mudharabah and Musyarakah. This paper examines the extent to which equity financing affects the profitability of Islamic banks in Indonesia with the control variables consisting of bank-specific variables such as capital adequacy ratio, cost-income ratio, non-performing financing, and macroeconomic conditions such as domestic output, exchange rate. This study employs aggregate data of Islamic banks from January 2010 to December 2019. The estimation method is the Autoregressive distributed lag (ARDL) model. The results prove evidence of the long-run relationship between the dependent andindependent variables. The results show that total equity financing increases Islamic banks' profitability in Indonesia, but only Musyarakah financing significantly boosts profitability. Furthermore, the bank-specific variables affecting profits are capital, efficiency, and nonperforming financing. High capital adequacy ratio (CAR) reduces profit and inefficient Islamic banks and non-performing financing lower profit. Evidence also highlights that worse economic conditions through the economic downturn and sharp depreciation obviously lower the profitability of Islamic banks. These results imply that Islamic banks must capitalize on Musyarakah financing to support the performance of Islamic banks.
{"title":"The Role of Equity Financing on the Profitability of Indonesian Islamic Banks","authors":"Agus Widarjono","doi":"10.18326/muqtasid.v12i2.129-143","DOIUrl":"https://doi.org/10.18326/muqtasid.v12i2.129-143","url":null,"abstract":"Islamic banks provide financing in the form of equity financing and non-equity financing. Equity financing is profit-loss sharing financing which is the main core of Islamic bank business consisting of Mudharabah and Musyarakah. This paper examines the extent to which equity financing affects the profitability of Islamic banks in Indonesia with the control variables consisting of bank-specific variables such as capital adequacy ratio, cost-income ratio, non-performing financing, and macroeconomic conditions such as domestic output, exchange rate. This study employs aggregate data of Islamic banks from January 2010 to December 2019. The estimation method is the Autoregressive distributed lag (ARDL) model. The results prove evidence of the long-run relationship between the dependent andindependent variables. The results show that total equity financing increases Islamic banks' profitability in Indonesia, but only Musyarakah financing significantly boosts profitability. Furthermore, the bank-specific variables affecting profits are capital, efficiency, and nonperforming financing. High capital adequacy ratio (CAR) reduces profit and inefficient Islamic banks and non-performing financing lower profit. Evidence also highlights that worse economic conditions through the economic downturn and sharp depreciation obviously lower the profitability of Islamic banks. These results imply that Islamic banks must capitalize on Musyarakah financing to support the performance of Islamic banks.","PeriodicalId":55776,"journal":{"name":"Muqtasid Jurnal Ekonomi dan Perbankan Syariah","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42724954","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-31DOI: 10.53491/elmudhorib.v2i2.202
Uliyatul Mu’awwanah, Muhammad Syarofi, Muhsin Muhsin
Islamic boarding school (Pondok Pesantren) is the oldest religious institution in Indonesia. Its existence on education by spreading knowledge that can create Muslim scholars as new generations. Islamic boarding school has identical function as a place to study religion that it is a narrowing claim with the fact, Islamic boarding school can give more contributions to build society or economy. Along the line with the spread of various issues on global economic, such as unemployment due to limited employment opportunities, so that it impacts on increasing of poverty. This research focuses on how to manage economic empowerment along with the financial management system at Pondok Pesantren Al-Ikhwaniyyah Gumukmas Jember. This research purpose is to find out the aspects mentioned in the research focus. The research method applied is the qualitative method with a case study approach. The result of this research shows that Pesantren Al-Ikhwaniyyah has been able to implement economic empowerment management along with its financial administration starts from planning, organizing, implementing, and supervising. However, the system of financial administration needs to be improved more by inviting external auditors to maintain financial governance.
{"title":"MANAJEMEN PEMBERDAYAAN EKONOMI BERBASIS PESANTREN (STUDI KASUS DI PONDOK PESANTREN AL – IKHWANIYYAH GUMUKMAS)","authors":"Uliyatul Mu’awwanah, Muhammad Syarofi, Muhsin Muhsin","doi":"10.53491/elmudhorib.v2i2.202","DOIUrl":"https://doi.org/10.53491/elmudhorib.v2i2.202","url":null,"abstract":"Islamic boarding school (Pondok Pesantren) is the oldest religious institution in Indonesia. Its existence on education by spreading knowledge that can create Muslim scholars as new generations. Islamic boarding school has identical function as a place to study religion that it is a narrowing claim with the fact, Islamic boarding school can give more contributions to build society or economy. Along the line with the spread of various issues on global economic, such as unemployment due to limited employment opportunities, so that it impacts on increasing of poverty. This research focuses on how to manage economic empowerment along with the financial management system at Pondok Pesantren Al-Ikhwaniyyah Gumukmas Jember. This research purpose is to find out the aspects mentioned in the research focus. The research method applied is the qualitative method with a case study approach. The result of this research shows that Pesantren Al-Ikhwaniyyah has been able to implement economic empowerment management along with its financial administration starts from planning, organizing, implementing, and supervising. However, the system of financial administration needs to be improved more by inviting external auditors to maintain financial governance.","PeriodicalId":55776,"journal":{"name":"Muqtasid Jurnal Ekonomi dan Perbankan Syariah","volume":"5 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78694074","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-31DOI: 10.53491/elmudhorib.v2i2.269
Shimah Fauziah Yeubun, Jukri Baharuddin
This study aims to discuss the implementation of the dual banking system at the level of banking stability in Indonesia in terms of the framework and the impact it has. The analysis method uses library research to collect reading references related to the dual banking system and banking stability. The results of the study indicate that the application of the dual banking system is following the diverse characteristics of the Indonesian people and the majority are Muslim. As for banking stability with the implementation of this dual banking system, it has a good impact which provides good justification for countries implementing the process due to several benefits including increasing overall banking stability which is good for the economy; can meet the needs of consumers who want products according to their religious beliefs without sacrificing stability; In times of crisis, Islamic banks are better than conventional so they are relatively immune to crises.
{"title":"DAMPAK DUAL BANKING SISTEM PADA STABILITAS PERBANKAN DI INDONESIA","authors":"Shimah Fauziah Yeubun, Jukri Baharuddin","doi":"10.53491/elmudhorib.v2i2.269","DOIUrl":"https://doi.org/10.53491/elmudhorib.v2i2.269","url":null,"abstract":"This study aims to discuss the implementation of the dual banking system at the level of banking stability in Indonesia in terms of the framework and the impact it has. The analysis method uses library research to collect reading references related to the dual banking system and banking stability. The results of the study indicate that the application of the dual banking system is following the diverse characteristics of the Indonesian people and the majority are Muslim. As for banking stability with the implementation of this dual banking system, it has a good impact which provides good justification for countries implementing the process due to several benefits including increasing overall banking stability which is good for the economy; can meet the needs of consumers who want products according to their religious beliefs without sacrificing stability; In times of crisis, Islamic banks are better than conventional so they are relatively immune to crises.","PeriodicalId":55776,"journal":{"name":"Muqtasid Jurnal Ekonomi dan Perbankan Syariah","volume":"25 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82225954","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-31DOI: 10.53491/elmudhorib.v2i2.198
Doli Witro, S. Anwar
In Islam, consumption is interpreted as fulfilling spiritual and physical needs that aim to maximize the function of humanity as a servant of Allah s.w.t. in obtaining happiness and prosperity in this world and the hereafter (falah). Islam also advocates the distribution of prosperity and economic opinion in society. One of the Islamic solutions to distribute economic prosperity and people’s income is alms. This paper discusses the balance between consumption and alms in the view of sharia economic law ethics. This article aims to determine the balance between consumption and alms in the ethics of sharia economic law. This article is qualitative research with library research. The data in this study were obtained from library materials such as books, journals, etc. The data writing technique used is a data analysis technique known by Miles et al., namely data condensation, data presentation, and drawing conclusions. The results of the study show that in creating a balance between alms and consumption in the ethics of sharia economic law, humans must be able to distinguish between needs and desires, humans must also prioritize self, family, and social benefits, humans are prohibited from justifying what is stipulated as haram and forbidding anything lawful.
{"title":"BALANCE OF CONSUMPTION WITH ALMS IN ISLAMIC ECONOMIC LAW ETHICS","authors":"Doli Witro, S. Anwar","doi":"10.53491/elmudhorib.v2i2.198","DOIUrl":"https://doi.org/10.53491/elmudhorib.v2i2.198","url":null,"abstract":"In Islam, consumption is interpreted as fulfilling spiritual and physical needs that aim to maximize the function of humanity as a servant of Allah s.w.t. in obtaining happiness and prosperity in this world and the hereafter (falah). Islam also advocates the distribution of prosperity and economic opinion in society. One of the Islamic solutions to distribute economic prosperity and people’s income is alms. This paper discusses the balance between consumption and alms in the view of sharia economic law ethics. This article aims to determine the balance between consumption and alms in the ethics of sharia economic law. This article is qualitative research with library research. The data in this study were obtained from library materials such as books, journals, etc. The data writing technique used is a data analysis technique known by Miles et al., namely data condensation, data presentation, and drawing conclusions. The results of the study show that in creating a balance between alms and consumption in the ethics of sharia economic law, humans must be able to distinguish between needs and desires, humans must also prioritize self, family, and social benefits, humans are prohibited from justifying what is stipulated as haram and forbidding anything lawful.","PeriodicalId":55776,"journal":{"name":"Muqtasid Jurnal Ekonomi dan Perbankan Syariah","volume":"24 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75771726","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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