Proceedings Book The International Conference On Islamic Economics, Islamic Finance, & Islamic Law (ICIEIFIL)

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2023-03-27T02:07:53+07:00

Proceedings Book
Proceeding of 3rd International Conference On Islamic Economics, Islamic Finance, & Islamic Law (ICIEIFIL) in conjunction with 3rd International Conference on Islamic and Muhammadiyah Studies (ICIMS)

Analysis of the Influence of Exports, Imports, and the Rupiah Exchange Rate on Indonesian Foreign Exchange Reserves Period 1990-2020

2023-03-27T02:16:01+07:00

The study was to analyze the impact of export, import and exchange rate toward Indonesia foreign exchange reserve during the 1990-2020 periods. According to its sources the type of data used in the study is secondary data obtained from the official Statistical Central Agency's Website and the World Bank. Simultanly, all the variables in the model analysis (export and exchange rate) are significant to the Indonesian foreign exchange reserve. The impact is partially indicated by the regression coefficient value of 0.801, which indicates that exports have a positive and significant impact on the 1990-2020 periodes. So does the regression coefficient value of exchange rate variable or rupiah exchange rate of 0.211 indicate that exchange rate has a positive and significant impact for Indonesia's 1990-2020 periods.

Impact Evaluation of The Pre-Employment Card on The Duration in Preparing for Work and Skill Improvement in The Java Island in 2020

2023-03-27T03:26:43+07:00

The pre-employment card program is designed to improve the skills of the Indonesian workforce in order to make the workforce more competitive and productive. At the same time, it is also become a social safety net to reduce the impact of the Covid-19 pandemic. Purpose: This research aims to know the impact of the pre-employment card program on the duration of preparing for work and skill improvement, whether this policy could reduce the waiting period for the workforce to get a job, and improve the skills of the beneficiaries. Methodology: This study uses the PSM (Propensity Score Matching) method and using the Sakernas survey data in February 2021. The sample of this study is Java island because more than 50% of the pre-employment card recipients live in Java island. Results: The results showed that the pre-employment program had a significant impact on improving the skills of its beneficiaries by 0.08199%. While beneficiary eligibility could improve, the pre-employment card has not to reduced the waiting period for workers to find work.

The Impact of Household Expenditures on Children Cognitive Post- Asian Economic Crisis: Evidence from Indonesia

2023-05-03T02:23:13+07:00

Economic crisis hit Asia in 1998 that made 14 million people poor and household expenditures were significantly affected. This study aimed to analyze the impact of investment in children’s education on their cognitive level after the crisis. This study establishes different instrumental variables to substitute expenditure variable. Indonesia Family Life Survey data in 1997 and 2000 are used in this study. We employed difference in difference methodology to overcome reverse causality and unobserved variable issue in expenditure. The result showed that the expenditure for children outcomes affect children's cognitive level during crisis. Moreover, children living in households hit by economic disturbance have worse cognitive scores. They are poorer because of lower input to increase cognitive scores following economic disturbance which explained that the parents enable to complete their children’s needs during Asian economic crisis.

The Growth and Development of Wealth from The Islamic System

2023-03-27T03:36:45+07:00

It is very important for a Muslim in everything to be guided or pay attention to Islamic rules so as not to fall into things that are prohibited by religion. Including in economic activities should pay attention to the rules in muamalah fiqh. The purpose of writing this article is to provide an explanation to the public about what should not be done when someone is doing activities in developing property. The method used in this writing is the library research method with a qualitative descriptive approach. Among the rules of Islamic economics in the development of wealth is that buying and selling should not contain things that are prohibited or detrimental such as usury, fraud, theft and so on.

Strategy to Increase Waqf Intentions through CWLS for Institutional Waqif as an Effort to Optimize CWLS Fundraising

2023-03-27T06:10:04+07:00

The low intention of waqf through Cash Waqf Linked Sukuk (CWLS) has resulted in the collection of funds not meeting BWI's target. This has an impact on the not yet optimal realization of social programs. This research aims to realize an increase in waqf intentions through CWLS in institutional waqf, especially in Islamic banks in an effort to optimize CWLS fundraising. The method used is a qualitative method with a theme approach and Analytical Hierarchy Process (AHP)l. The informants of this research are the Indonesian Waqf Board, Islamic Banks, Nazir, and the government. The results of the research are for the theme approach, several aspects of waqf intentions are produced, namely knowledge, personal, environment, and motivation. In addition, the results of identifying several strategies that can increase intention are obtained. The AHP results show that the aspect that has the highest level of importance in increasing waqf intentions for institutional waqifs, especially the Islamic banking industry, is the knowledge aspect. The strategy cluster that has the highest level of influence to grow intentions is increasing potential through CSR leverage channels in Islamic Financial Institutions, namely the banking industry, insurance, and several other Islamic financial institutions for placement in CWLS products.

Public Interest in using QRIS in Purchasing Halal Products

2023-03-27T06:16:01+07:00

This research tries to determine the effects of perceived ease of use, perceived benefits, and safety perception on the intention to use QRIS in purchasing halal food. This study employs a quantitative methodology. Data collection was done using interviews with the help of questionnaires for 130 respondents. Data analysis uses SmartPLS to carry out tests, including the outer model, which consists of convergent validity, discriminant validity, composite reliability, cronbach's alpha, and multicollinearity tests. Then the inner model consists of a path coefficient test, a determination coefficient (R2), the goodness of fit, and hypothesis testing. The findings revealed that the intention to utilize QRIS to buy halal food was positively impacted by perceived ease of use, perceived benefits had a positive impact on the intention to use QRIS in purchasing halal food, and perceived safety had a positive influence on the intention to use QRIS in purchasing halal food. The author uses different variables and finds novelty, namely how the perception of safety affects an interest in using QRIS.

Review of Islamic Law against Multi-Contract on Electronic Money in LinkAja Application

2023-03-27T06:19:16+07:00

The purpose of this study is to find out how contracts are applied to the use of the LinkAja application and to find out how islamic law reviews multi-contracts in the LinkAja application. This research is a Qualitative research related to the descriptive nature of analysis in order to understand social phenomena more deeply. The data used in this study are primary and secondary data. The data collected is data related to the topic or theory under study. Data collection techniques are used, namely interviews and also literature studies. Meanwhile, the data analysis technique carried out is triangulation where interviews, document studies, and conclusions are drawn. Based on the tests carried out, the results were obtained that the contracts collected when transacting using the Linkaja application, there were several contracts, namely, the Wadiah contract, the Qardh contract, the Ijarah contract, and finally the Jualah contract. In Islamic Law Multi Akad dPada Application Linkaja the application of the contract is allowed because the pillars and conditions have been fulfilled in accordance with sharia. A mixture of some contracts that are classified as multi-contract categories al- uqud al- mujtamiah when two or one contracts are combined into one contract. Some of the opinions of Maliki scholars, Hanafiyah scholars, Shafiiyah clerics and Hambali clerics say that multi-contracts are valid and permissible under Islamic law. From the point of view of maqashid sharia, multi-contracts inferred based on ijma' akad are valid if they do not violate the rules that have been established by Islamic law.

Analysis of the Behaviour of KH Mas Mansur Pesma Majasantries in the use of an Honesty Canteen Reviewed in the Perspective of Sharia Economic Law

2023-03-27T06:28:33+07:00

The purpose of this study was to measure how well the students of Islamic boarding school kh mas mansur students understand the law of buying and selling, especially in buying and selling transactions at the honest pesma kh mas mansur canteen. The research data uses a descriptive qualitative method, namely from primary data collection, which can be taken through several questionnaires and interviews from the management of the Honesty Canteen or often called the Pesma Business Center Department. Thus, it can produce 50 respondents from the questionnaire and 100% of the respondents from the interviews, who have understood the legal terms of buying and selling in general. In this study, 84% or 42 of the respondents who participated understood the pillars of buying and selling and 16% or 8 other people did not understand the pillars of buying and selling in general. In addition to being able to understand the pillars and legal terms of buying and selling in general, the intensity of the respondents was obtained. make payments directly or indirectly. Future research is expected to examine debt problems that occur at the Kh Mas Mansur Student Islamic Boarding School and increase the quota of respondents by distributing questionnaires to obtain valid and more ideal results.

A Review on Literature of Islamic Insurance

2023-03-27T06:39:20+07:00

This study examines the Islamic insurance literature that has been published in international reputable journals. This paper briefly examines the current status of various issues raised in the Islamic insurance literature. It then attempts to define and suggest for the sake of the overall objective of an Islamic socio-economic and financial system with an Islamic insurance foundation. In this paper insurance can be seen as a useful aggregate form, unfolding gradually, discretely and depending on circumstances. This research is sourced using data collected from methods that produce qualitative data using multiple linear regression analysis. That is a regression model that involves more than one independent variable. This research can be used as a reference, evaluation and source of improvement with the aim of benefiting companies and non-Islamic insurance companies to improve performance and existing knowledge, as well as changing views with the takaful concept that has been improved and away from the "gharar" and "usury" system. inherent in the minds of the people of the circulating economic system. And ultimately lead to a healthy work system using takaful.

Analysis of Factors Affecting Output of Manufacturing Industry Sector in Central Java

2023-03-27T06:43:59+07:00

This study aims to analyze the influence of the District Minimum Wage, Labor, and Number of Business Units on the GRDP of the industrial sector in Central Java in 2014-2018. The data used is panel data consisting of time series data for 2014–2018 and cross-sections of 35 districts and cities in Central Java. The analytical tool used is panel data regression, namely the Fixed Effect Model (FEM). The results of the study show that the number of business units has a negative and significant effect on the GRDP of the industrial sector in region Central Java in 2014-2018. Meanwhile, labor force and city minimum wages have had a positive and significant effect on the GRDP of the industrial sector in Central Java in 2014-2018. With this research, it is hoped that the regional government will facilitate the process of managing a business license, because it will be encouraging entrepreneurs to
establishing industrial units. The number of industrial units will increase the volume of production and ultimately increase the GRDP of the manufacturing industry sector and will eventually absorb labor in the sector.

Sharia Market Place: Pasar Alhuda Online

2023-03-27T06:52:16+07:00

KSPPS Alhuda innovates to create a digital product in the form of a Sharia marketplace called Pasar Alhuda. The Alhuda Market Syari'ah marketplace application is a Syari'ah Marketplace Application for members to develop digital marketing managed by KSPPS Alhuda as an intermediary. With use contracts and appropriate systems with rule Shari'ah , which regulates right and obligation each involved parties in sell buy Greetings. Method used is do study field and study about practice sell buy on Market Alhuda compared with the DSN-MUI Fatwa. From study and study is obtained that Market Alhuda has adapt activity operational corresponding with the DSN MUI Fatwa. This is news happy for We all , that there is an underlying marketplace principle the transaction on Law Shari'ah.

Observation of Islamic Business Ethics on the Management Policy of Boarding House Rent during the COVID-19 Pandemic in Universitas Muhammadiyah Surakarta (UMS)

2023-03-27T07:33:28+07:00

This study aims to find out how the policies carried out by mu'jir in managing the boarding house rental business, during the Covid-19 pandemic. As well as whether the policy reflects Islamic business ethics. The type of research used is field research located in the UMS environment. Data collection methods include interviews, observation, and documentation, as well as the data analysis technique used is Descriptive-Qualitative. Based on the research results, it can be seen that several boarding houses implemented new policies during the pandemic. The policy is in the form of relief in boarding fees ranging from IDR 500,000-IDR 1,500,000 or even 50% of the rental price for musta'jirs who are still on a 1-year rental contract, no maturity, reduced rental rates for prospective musta'jirs, serving rental for a period of one month. The policy reflects the principles of Islamic business ethics, namely monotheism, freedom, kindness, responsibility and fairness. . It is hoped that in running a business, mu'jir is not only oriented to profit alone and it is also hoped that musta'jir whether they get boarding house rental fee relief or not. Be responsible for maintaining and utilizing well-occupied boarding houses.

The Effect of External Development Financing on Economic Growth of Emerging Market Countries (E7)

2023-03-27T07:40:56+07:00

One of common characteristic of developing countries include emerging market us underdeveloped financial. External/ foreign development financing is alternative choice to achieve steady growth besides internsl development financing. The source of external development financing comes from exports, external debt, and foreign direct investment. So this research purpose to analyze the effect of external debt, trade openness and foreign direct investment to the economic growth of seven emerging market (E7) consisting of China, Brazil, Indonesia, India, Mexico, Russian, and Turky during 2015-2019. Domestic investment and ease of doing business uses as control variable. The data used secondary data from World bank development indicator. The method of this research us regression panel data with fixed effect model. This research found that external debt had a negative significant effect on economic growth while domestic investment abd ease of doing business had a positive significant effect in the ecinomic griwth of E7 countries. Meanwhile foreign direct investment and trade openness did not significantly affect economic growth in E7 emerging market countries.

Tinjauan Penggunaan E-Money sebagai Media Penyimpanan Aset Perusahaan dalam Analisis Maqashid Syariah

2023-03-27T07:43:33+07:00

Platform Digital memiliki fitur-fitur yang terus disesuaikan untuk menjawab persoalan zaman. Kemunculan e-money sebagai satu alat pembayaran disambut dengan terbuka oleh negara dan masyarakat. Hal ini dipengaruhi oleh banyaknya faktor keuntungan yang ditawarkan diantaranya penggunaanya yang relative mudah untuk dioperasikan, biaya layanan atau administrasi yang tergolong rendah menjadikan e-money sebagai pilihan pembayaran modern yang ramah di kantong. Banyaknya point tambahan yang bisa ditukarkan pada transaksi berikutnya serta kemudahan dalam pencairan dana pinjaman menjadi solusi alternative bagi institusi setingkat perusahaan untuk mengembangkan sayap bisnisnya. Selain itu ekosistem e-money sebagai media penyimpanan dirasa sangat ramah aqidah di kalangan masyarakat Indonesia yang cenderung berhati-hati dengan sesuatu yang berbau riba.

Application of Majlis Khiyar on Buying and Selling of Used Clothes in The Perspective of Islamic Law (Study at Pasar Klitican Notoharjo, Surakarta)

2023-05-03T02:47:40+07:00

The purpose of this study is to find out the practice of buying and selling used clothes, the practice of implementing the khiyar majlis rights on second-hand clothing traders and the view of Islamic law on khiyar majlis on buying and selling used clothes in the Klitikan Notoharjo market, Surakarta. The method of this research uses descriptive qualitative method. The results of this study are the buying and selling practices that occur in the market in the Klitikan market are the same as buying and selling in general but have different provisions, namely between buying and selling carried out between used clothing agents and sellers or retailers carried out in the form of sacks or balls purchased directly or through telephone media, the practice of buying and selling between sellers and buyers in the form of wholesale and retail. The application of the khiyar majlis right is applied by two of the three used clothing traders in the klitikan market of Notoharjo Surakarta, in this case it means that the majority of used clothing traders apply the khiyar majlis right. The practice of khiyar majlis rights that occurred in the notoharjo klitikan market was carried out in accordance with the Imam Syafi'i school of law, namely fulfilling the conditions for the implementation of khiyar, namely an agreement between the two parties, giving the right to vote to both parties whether they want to continue or cancel the transaction even though both are still in the assembly. contract and consent has taken place.

Strategy to Increase the Accountability of Sharia Maqoshid Aspects of CWLS Transactions for Nazirs

2023-05-03T02:53:01+07:00

This study aims to identify the most influential strategies in increasing the accountability aspects of maqoshid sharia CWLS transactions by Nazir by first identifying the problems that exist in each element of maqoshid sharia, the solutions that have been carried out by nazir, and some future strategies. The method used is the Analytical Network Process qualitative approach. The data collected comes from informants from BWI, regulators, government, Nazirs, and LKSPWU. The results of the research show several identified strategies. Development and dissemination of the first competencies for sustainable waqf managers and communities related to the CWLS program, professional management, and accounting and reporting, technology. The second strategy is determining what information rules are presented to individual and non-individual wakif parties, such as regulators, the government, LKSPW with an influence level of 34% each. the implications of Nazir's results must apply the main strategy resulting from this research to gain the trust of the community so that the interest in waqf is higher. For BWI and the Government, it is necessary to establish the necessary regulations and full supervision for compliance.