Hajj Financial Management in the Maqāṣid Sharī’ah Perspective

This paper analyzes the management of the pilgrimage fund to the concept of Islamic wealth management and the management of the pilgrimage fund and its compliance with the maqāṣid al-sharī'ah. The first is done by analyzing the management of hajj funds by BPKH on the management of Islamic wealth. The second is done through interviews with academics, regulators, experts and practitioners. Descriptive processing is done through Strategic Assumption Surfacing and Testing (SAST). The analysis is done by selecting the 'important' and 'definite' variables. The results showed that the determinants of Hajj fund management according to Islamic wealth management were contracts, zakat and transparency. Hajj fund management policies for the protection of religion, including the setting of a fair and transparent haj quota, building infrastructure facilities for the pilgrimage, ensuring terms and conditions Life protection through the use of halal vaccines, providing and funding Hajj monitors, improving catering, lodging, transportation and health services and providing congregational data to the Ministry of Health. Protection of reason through improving the quality of rituals. Protection of assets through transparency in the management of hajj funds, direct investment in harmony with sharia, and management of hajj funds in Islamic banking

Pengaruh Corporate Social Responsibility (CSR) dan Struktur Modal terhadap Profitabilitas Bank Umum Syariah di Indonesia

Purpose- This study aims to analyze the influence of Corporate Social Responsibility (CSR) and Capital Structure on the Profitability of Islamic Commercial Banks in Indonesia for the 2011-2017 period. Methods- Research uses a quantitative approach. Samples were taken by purposive sampling technique, amounting to 5 Islamic commercial banks in Indonesia. Data analysis technique using multiple linear regression with the assistance of the EVIEWS 9 program. Finding- The research results prove that CSR has an effect, but not significantly, on profitability. DAR has a positive effect on profitability. CSR and DAR together have a positive effect on profitability. The implications and suggestions are described in the article AbstrakTujuan- Penelitian ini bertujuan untuk menganalisis pengaruh Corporate Social Responsibility (CSR) dan Struktur Modal terhadap Profitabilitas Bank Umum Syariah di Indonesia periode 2011-2017. Metode- Riset menggunakan pendekatan kuantitatif. Sampel diambil dengan teknik purposive sampling berjumlah 5 bank umum syariah di Indonesia. Teknik analisis data dengan regresi linier berganda berbantuan program EVIEWS 9. Temuan- Hasil riset membuktikan bahwa CSR berpengaruh namun tidak signifikan terhadap profitabilitas. DAR berpengaruh positif terhadap profitabilitas. CSR dan DAR secara bersama-sama berpengaruh positif terhadap profitabilitas. Implikasi dan saran dijelaskan dalam artikel

ANALISIS TERHADAP PEMBAHARUAN HUKUM UMKM DI INDONESIA

Di Indonesia, UMKM merupakan salah satu sektor penting untuk menopang ekonomi suatu Negara, dan upaya mendukung UMKM tersebut agar tumbuh dengan baik, Pemerintah telah mengeluarkan pula berbagai kebijakan dan regulasi menjamin kepastian hukum untuk pelaku UMKN di Indonesia. Namun, seiring waktu terjadi pula pembaharuan hukum UMKM dalam bentuk penyesuaian terhadap Undang-Undang dan Peraturan Pemerintah sebagai bentuk dukungan kepada pelaku UMKN di Indonesia. Tujuan dari penulisan ini yaitu untuk mengetahui perlindungan hukum bagi Usaha Mikro, Kecil dan Menengah (UMKM),. Adapun dalam penulisan artikel ini menggunakan pendekatan kualitatif dengan teknik pengumpulan data yaitu library research berupa berbagai dokumen perundang-Undangan, buku, jurnal ilmiah dan berbagai data kebijakan hukum lainnya. Sedangkan analisis data dilakukan menggunakan analisis isi dengan metode penelitian hukum normatif dan pendekatan perundang-undangan, dengan tahap analisis meliputi; reduksi, pengorganisasi, penyajian, verifikasi dan penarikan kesimpulan. Berdasarkan hasil analisis diperoleh hasil bahwa sangat diperlukan ada sebuah regulasi yang mendukung kemajuan dalam sektor UMKM, Perlindungan Hukum Nasional terhadap UMKM diatur secara khusus dengan Undang-Undang Nomor 20 Tahun 2008 Tentang Usaha Mikro, Kecil, dan Menengah, Undang-Undang Nomor 11 Tahun 2020 tentang Cipta Kerja, dan Peraturan Pemerintah Nomor 7 Tahun 2021 tentang Kemudahan, Pelindungan, dan Pemberdayaan Koperasi dan Usaha Kecil, Mikro, Kecil dan Menengah, hanya saja dari berbagai regulasi tersebut dalam Perlindungan hukum yang ada belum dapat memberikan perlindungan yang maksimal dan untuk mewujudkan perlindungan hukum yang ideal diperlukan sebuah hukum yang kondusif untuk pembangunan ekonomi yang memenuhi 5 syarat yaitu stable, predictable, fair, educative, dan transparent.&nbsp

The impact of conversion on market share in Indonesian Islamic banks

The process of converting a conventional bank into a fully-fledged Islamic bank is becoming a popular alternative solution, alongside spin-off, for smaller banks. Two Indonesian banks, Bank of Aceh Sharia and Bank of NTB Sharia, completed this conversion in 2016 and 2018, respectively. This study uses a mixed-methods approach to examine the impact of this conversion on market share, using both quantitative regression with a dummy variable and qualitative analysis through focus group discussions with executive management and in-depth interviews with the Sharia supervisory boards of the two converted banks. The study found that the conversion positively impacted market share, with the default rate and level of capital also playing a role. Prior to conversion, the Indonesian sharia banking industry had less than a 5% market share, but after the conversion, it reached 6.7%. The two converted banks were able to increase their market share to 7% and 2%, respectively. These results suggest that converting into a full-fledged Islamic bank is a viable alternative solution for smaller conventional banks, rather than opting for spin-offs or mergers

Monopoli dalam Perspektif Ekonomi Islam

Monopoly in Islamic economic perspective means withholding or hoarding goods in purpose, especially in times of scarcity, with the goal of raising the price at a later date in order to obtain greater profits. Monopolistic practices is a type of violation will result in muamalah because market mechanism disrupted, so that producers will get a big profit (monopolistic rent), while the consumer due to the accumulation of actions will suffer and get loss. Therefore, this monopoly will bring people in general harmed by the act of a small group of monopolistic very unjust, selfish, and irresponsibleDOI: 10.15408/aiq.v4i2.2095</p

Hajj Financial Management in the Maqāṣid Sharī’ah Perspective

This paper analyzes the management of the pilgrimage fund to the concept of Islamic wealth management and the management of the pilgrimage fund and its compliance with the maqāṣid al-sharī'ah. The first is done by analyzing the management of hajj funds by BPKH on the management of Islamic wealth. The second is done through interviews with academics, regulators, experts and practitioners. Descriptive processing is done through Strategic Assumption Surfacing and Testing (SAST). The analysis is done by selecting the 'important' and 'definite' variables. The results showed that the determinants of Hajj fund management according to Islamic wealth management were contracts, zakat and transparency. Hajj fund management policies for the protection of religion, including the setting of a fair and transparent haj quota, building infrastructure facilities for the pilgrimage, ensuring terms and conditions Life protection through the use of halal vaccines, providing and funding Hajj monitors, improving catering, lodging, transportation and health services and providing congregational data to the Ministry of Health. Protection of reason through improving the quality of rituals. Protection of assets through transparency in the management of hajj funds, direct investment in harmony with sharia, and management of hajj funds in Islamic banking

Analisis Faktor-faktor Yang Mempengaruhi Rendahnya Pembiayaan dengan Akad Istishna pada Perbankan Syariah

This research aims to analyze the factors that influence the low level of financing with istishna contract in Islamic Banking in Indonesia. It is motivated by istishna’s financing which actually has a considerable potential for use in Indonesia, given that Indonesia is actively working on infrastructure development. However, the istishna contract is currently a financing that is rarely applied by Islamic Banking compared to other contract financing. This research is a qualitative descriptive study. The data used was primary data derived from interviews with employees of Islamic Banking who apply istishna’s financing. The data analysis technique used was interactive model analysis. The results showed that the factors that influenced the low istishna financing are istishna contract having high financing risks, there are alternative contracts that make istishna contract not a priority, risk of a failure developers, sharia bank business strategies, and moral standards of customers and developers. &nbsp

PENDIRIAN KOPERASI SIMPAN PINJAM DAN PEMBIAYAAN SYARIAH PESANTREN LUHUR SABILUSSALAM

Abstract This community service aims to provide knowledge about Islamic cooperatives and to provide assistance and economic empowerment for Sabilussalam Islamic boarding school through the establishment of Islamic Saving–Loan and Financing Cooperatives. Besides, this community service is also one of the Jakarta State Polytechnic (PNJ) real contributions initiated by the Islamic Finance and Banking study program. Islamic Saving–Loan and Financing Cooperatives (KSPPS) is one of the microfinance institutions (LKM) that can serve the needs of the community of micro and small businesses. This institution is able not only to realize the establishment of good systems, methods, techniques and outputs but also to ensure the economic equilibrium within the community. Simultaneously, KSPPS has also become a forum for community synergy and the creation of local wisdom. The local wisdom in question is how to prepare a development infrastructure based on local community participation which has no permanent dependency on aid both from the government and others. The implementation of KSPPS is carried out based on the existing sharia and cooperative rules which do not contradict the sharia law. The power of this spiritual and social values from KSPPS has become a strength for sharia-based cooperatives compared to conventional savings and loan cooperatives. This community service program will be carried out using a method approach as follows; preparation, learning and the establishment of Islamic Saving–Loan and Financing Cooperatives. This community service has greatly assisted Sabilussalam Islamic boarding school in the establishment of Islamic Saving–Loan and Financing Cooperative (KSPPS) which can help the economic independence of the boarding school administrators and the surrounding community.   Keywords –mentoring, counseling, establishment, Islamic saving-loan and financing cooperatives, KSPPS   Abstrak Pengabdian masyarakat ini  bertujuan memberikan wawasan tentang koperasi syariah  bagi  pondok pesantren Sabilussalam, serta memberikan pendampingan dan pemberdayaan ekonomi melalui pendirian Koperasi Simpan Pinjam dan Pembiayaan Syariah. Disisi lain pengabdian masyarakat ini  sebagai kontribusi nyata Politeknik Negeri Jakarta dalam hal ini program studi Keuangan dan Perbankan Syariah. Koperasi Simpan Pinjam dan Pembiayaan Syariah (KSPPS) yang merupakan lembaga keuangan mikro (LKM) yang mampu melayani kebutuhan masyarakat pelaku usaha mikro dan kecil. Lembaga ini mampu mewujudkan terbangunnya sistem, metode, teknik dan output yang baik dan perimbangan kekayaan yang tidak hanya berada pada segolongan masyarakat. Secara simultan, KSPPS juga menjadi wadah sinergi masyarakat dan manciptakan kearifan lokal. Kearifan lokal yang dimaksud adalah bagaimana menyiapkan infrastruktur pembangunan berbasis partisipasi masyarakat lokal, yang tidak memiliki ketergantungan permanen pada bantuan, baik dari pemerintah maupun yang lain. Pelaksanaan KSPPS dilakukan dengan bersandar kepada aturan syariah dan aturan koperasi yang ada selama tidak bertentangan dengan hukum syariah. Kekuatan nilai-nilai spiritual dan sosial dari KSPPS ini menjadi kelebihan koperasi berbasis syariah dengan koperasi simpan pinjam konvensional. Dalam menjalankan program pengabdian ini akan dilakukan dengan melakukan pendekatan metode; persiapan, pembelajaran, dan pendirian koperasi simpan pinjam dan pembiayaan syariah. Pengabdian masyarakat ini sangat membantu pondok pesantren Sabilussalam dalam pendirian Koperasi Simpan Pinjam dan Pembiayaan Syariah (KSPPS) yang dapat membantu kemandirian ekonomi pengurus pesantren dan masyarakat sekitar.   Kata kunci –pendampingan, penyuluhan, pendirian, koperasi simpan pinjam dan pembiayaan syariah, KSPP