cover
Contact Name
Putri Swastika
Contact Email
ijie@metrouniv.ac.id
Phone
+6281274267972
Journal Mail Official
ijie@metrouniv.ac.id
Editorial Address
Jalan Ki Hajar Dewantara 15A, Iringmulyo, Metro Timur, Kota Metro, Lampung.
Location
Kota metro,
Lampung
INDONESIA
International Journal of Islamic Economics
ISSN : 26862131     EISSN : 26862166     DOI : https://doi.org/10.32332/ijie.v1i02
Core Subject : Economy,
Focus and Scope International Journal of Islamic Economics (IJIE) is an Islamic Economics journal published by the Postgraduate of IAIN Metro Lampung Indonesia. FOCUS This journal focused on Islamic economics, finance, and management studies through the publication of articles, research reports, and book reviews. SCOPE IJIE specializes in Islamic economics, finance, and managament related studies and is intended to communicate original research and current issues on the subject. This journal welcomes contributions from scholars of related disciplines.
Articles 5 Documents
Search results for , issue "Vol 2 No 01 (2020): International Journal of Islamic Economics (IJIE)" : 5 Documents clear
MODERATING ROLE OF SHARIAH COMMITTEE QUALITY ON THE RELATIONSHIP BETWEEN AUDIT COMMITTEE AND MALAYSIAN TAKAFUL PERFORMANCE Eldaia, Monther; shatnawi, saddam ali; Hanefah, mustafa Mohamad; Binti Marzuki, Ainulashikin
Jurnal Internasional Ekonomi Islam Vol 2 No 01 (2020): International Journal of Islamic Economics (IJIE)
Publisher : Postgraduate of State Institute of Islamic Studies Metro Lampung Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v2i01.2031

Abstract

The moderating effect of Shariah Committee Quality (SCQ) on the relationship between Audit Committee (AC) characteristics and Malaysian Takaful performance remains a challenge that is yet to be resolved. Malaysia plays a leader role in Muslim countries in Islamic Finance especially in Takaful industry and Shariah committee roles and duties. AC characteristics have a significant effect on corporate financial performance. The fundamental AC role is to supervise the corporate?s financial reporting practice, review of financial reports, auditing practice, internal accounting controls, and risk management practices. AC characteristics plays a crucial role in the overall Malaysian Takaful companies which is supposed to enhance financial performance. Hence, SCQ as part of the internal governance structure and control body of the institution, thereby, ensure Shariah compliance in all transactions and activities, and enhancing the credibility of institutions in the eyes of its shareholders and customers. SCQ can potentially moderate the relationship between AC and Malaysian Takaful performance. As an important mechanism of Corporate Governance (CG), In addition, agency theory and stewardship theory were used to develop the hypotheses.  Several results of the previous literature were found fraternized, and inconsistent regarding the SCQ effect on firm performance or its effect on AC characteristics in general context, while the literature on Malaysia context remain scarce. It is expected that this SCQ moderation may considerably improve corporate performance by determining the strength or weakness of the relationship between AC characteristics and firm performance. Therefore, this paper conceptualized that ?SCQ? moderates the relationship between AC Chairman Specialization, Shariah Background, AC Independence and Meeting frequency, and Malaysian Takaful performance.
MONEY IN ISLAM: A SOCIAL CONTRACT PERSPECTIVE Asadov, Alam
Jurnal Internasional Ekonomi Islam Vol 2 No 01 (2020): International Journal of Islamic Economics (IJIE)
Publisher : Postgraduate of State Institute of Islamic Studies Metro Lampung Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v2i01.2025

Abstract

Money being the blood of economy and main determinant of many human transactions is an important topic to be discussed. Throughout the history there have been many who tried to explain nature and desired form of money in their writings. This topic has not skipped writings of Islamic religious scholars and economists as well. Current work attempts to review some of recent literature about essence of money from Islamic prospective. The review works which express different views from both Religious and Economic perspectives by six selective authors with diverse backgrounds. In the review, we mainly focus at the role of money as a social contract (between State and its citizens) and at some Shari?ah compliance issues faced by commodity (gold and silver) and paper (fiat) currencies. Some of our important findings show that the commodity currency had problem of breach from State?s side in some occasions, while paper currency is considered as an invalid contract by majority of the authors. The work concludes with summary of the authors? opinions and points out their relative strengths and weaknesses from Shari?ah and Economic prospective, which is extended with some recommendations for further research.
RISKS AND REMEDY IN ISLAMIC AND CONVENTIONAL LETTER OF CREDIT: JORDANIAN PRACTICES Al amaren, Emad Mohammad; Nor, Mohd Zakhiri bin Md.; Ismail, Che Thalbi Bt Md.
Jurnal Internasional Ekonomi Islam Vol 2 No 01 (2020): International Journal of Islamic Economics (IJIE)
Publisher : Postgraduate of State Institute of Islamic Studies Metro Lampung Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v2i01.2065

Abstract

International trade and the movement of goods between parties living in different countries have spread in the last century and have become one of the fundamental features of the current trade. This proliferation of international contracts, of course, has its own problems. The problems of external Islamic or conventional letters of credit affect export, since letters of credit are considered a valuable tool used in financing foreign trade operations. Therefore, the problems faced by exporters in letter of credit reflect on and impact trade in general. Thus, the fewer the credit problems are, the more active foreign trade especially export will be. But if problems are relatively large, exports will contract. This study attempts to identify the problems of external and internal letters of credit facing the Jordanian traders and Jordanian Islamic and conventional banks, and to analyze them in an organized scientific manner, then proposing the appropriate recommendations to address these problems.
THE ALTERNATIVE ISLAMIC PRICING BASED ON NATURE OF BUSINESS Rachmawaty, Rachmawaty
Jurnal Internasional Ekonomi Islam Vol 2 No 01 (2020): International Journal of Islamic Economics (IJIE)
Publisher : Postgraduate of State Institute of Islamic Studies Metro Lampung Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v2i01.2003

Abstract

The contradictive of using interest rate as Islamic Pricing Benchmark (IPB) has been discussed among scholars. A lot of alternatives has been offer by scholars but the implementation is based on market choice which are the competitive pricing of interest rate and the advantage of majority share of conventional financing.  In this paper there will be 3 objectives; first to give information of literatures review for some alternatives that already offer by scholars, second is to give information about pro and cons of using interest rates as the benchmark of cost of fund for Islamic Financial Institutions and the final objective is what author?s opinion and what kind alternative that author will provide based on literature review and author?s logic sense. The alternative IPB will be explained in this paper is based on nature of business, which will be categorized as IPB for debt financing, equity financing and combine financing. To implement IPB there are some infrastructure that will need to adjust in order to create fair environment such as educate customer and change the behaviour of customer to choose financing product, to change the role of bank and to see the paradigm of cost of statuary reserve requirement in central bank.  
CHALLENGES FACING MALAYSIA IN EXPANDING ITS ISLAMIC FINTECH LANDSCAPE & POSSIBLE REMEDIES Salim, Kinan; Ilyas, Abubakar
Jurnal Internasional Ekonomi Islam Vol 2 No 01 (2020): International Journal of Islamic Economics (IJIE)
Publisher : Postgraduate of State Institute of Islamic Studies Metro Lampung Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v2i01.2250

Abstract

Despite being a dynamic hub for the Islamic financial products and services, Malaysia?s Islamic fintech landscape does not meet expectations. With a number of challenges such as stringent regulations, lack of adequate funding, shortage of a skilled workforce, fierce conventional competitors etc. the future growth and progress might only remain an unfulfilled dream if they are not addressed timely. This paper is aimed at critically discussing these challenges faced by such companies. Also it aims at proposing potential measures to overcome the highlighted issues. But in order to validate the mentioned challenges and the potential remedies, an interview based approach is employed. The top and middle management of five full-fledged Islamic fintech companies were interviewed with the aim of ensuring whether the mentioned challenges actually exist or not. And whether the proposed solutions are practicable. Based on the findings from the interviews, it is observed that almost all the mentioned challenges are recognized by the companies. Although not all were in consensus regarding every issue, but in general they saw the challenges as legitimate. The proposed solutions were also well received and recognized as beneficial for the companies. Another finding from the interviews was additional challenges the companies saw as worrisome, such as lack of awareness and technological ignorance among the masses. The paper concludes with the recommendation for the relevant authorities to address the highlighted issues with seriousness. Further research may be carried out to provide solutions for the additional issues pointed out by the companies

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