ASY SYAR'IYYAH: JURNAL ILMU SYARI'AH DAN PERBANKAN ISLAM

ANALYSIS OF THE LERNER INDEX OF THE HALAL FOOD INDUSTRY IN BANGKA BELITUNG FROM THE PERSPECTIVE OF IBN KHALDUN'S PRICE CONCEPT

2025-08-18T18:50:40+07:00

The halal food industry in Bangka Belitung is a rapidly growing sector in line with the increasing awareness of Muslim consumers about the importance of halal products. This study aims to analyze the market power of halal food companies in the province using the Lerner Index, and to relate it to the price concept proposed by Ibn Khaldun. The method used is a quantitative approach by calculating the Lerner Index based on price and marginal cost data from 173 halal food companies. The research results show a variation in market power, where some companies have the ability to set prices above marginal cost, while others operate in a more competitive market. In Ibn Khaldun's perspective, excessively high prices due to market power can create injustice in the accessibility of halal products. These findings underscore the importance of policies that support healthy competition and fair pricing, to create a more equitable halal market in Bangka Belitung

ECONOMIC POLICY OF QUEEN MAS JAINTAN: IMPLEMENTATION OF SHARIA PRINCIPLES IN MARITIME TRADE OF THE SUKADANA LANDAK KINGDOM

2025-09-05T18:51:22+07:00

Penelitian ini bertujuan menganalisis penerapan prinsip ekonomi syariah dalam kebijakan perdagangan yang dilaksanakan Ratu Mas Jaintan di Kerajaan Sukadana Landak. Sosok ini dipilih karena dikenal sebagai “Ratu di Atas Angin”, sebuah julukan yang merepresentasikan kekuasaannya yang meluas tidak hanya di Sukadana Landak, tetapi juga ke kerajaan-kerajaan lain yang memiliki hubungan genealogis. Ratu Mas Jaintan digambarkan sebagai pemimpin tegas, berani, visioner, dan mampu mengelola sumber daya alam serta manusia sehingga berhasil membangun kemandirian dan stabilitas ekonomi kerajaan. Fokus penelitian diarahkan pada kebijakan perdagangan yang ia terapkan serta relevansinya dengan prinsip-prinsip ekonomi syariah. Metode yang digunakan adalah penelitian sejarah melalui studi pustaka dari sumber lokal maupun kolonial, dilanjutkan dengan penelitian lapangan di wilayah Landak, Ketapang, dan Sukadana. Peneliti juga melakukan wawancara untuk mengetahui sejauh mana masyarakat masih mengenal peran Ratu Mas Jaintan, kemudian melakukan kritik sumber serta focus group discussion dengan sejarawan dan pakar ekonomi syariah. Hasil penelitian menunjukkan bahwa kebijakan perdagangan Ratu Mas Jaintan menekankan asas saling menguntungkan, loyalitas, jaminan keamanan, dan persamaan. Implementasi nilai syariah terlihat pada kebebasan berdagang, transparansi, serta adanya kontrak berdasarkan kesepakatan. Secara teoretis, temuan ini memperkaya kajian integrasi nilai Islam dalam perdagangan tradisional Nusantara, sedangkan secara praktis dapat menjadi rujukan dalam perumusan kebijakan perdagangan modern berbasis kearifan lokal. Kebaruan penelitian ini terletak pada pengungkapan peran perempuan penguasa maritim yang berhasil menginternalisasikan nilai-nilai Islam dalam kebijakan ekonomi, memperluas pemahaman tentang sejarah ekonomi Islam di Asia Tenggara.

ISLAMIC CAPITAL MARKET VOLATILITY: RESILIENCE OF SHARIA STOCK INDEX AMID RISING GLOBAL UNCERTAINTY

2025-09-17T18:51:56+07:00

This study examines stock price dynamics amid increasing global economic uncertainty, compounded by geopolitical conflicts, bank interest rate policies, the pandemic, and financial crises, which have had a serious impact on the stability of a country's economy. In this context, the Islamic capital market has emerged as an alternative investment offering a safe haven amid global economic uncertainty. This study aims to analyze how global economic uncertainty affects stock price fluctuations in the Islamic capital market in ASEAN countries, as seen from the growth of the Islamic stock index. This study uses a qualitative approach based on a review of literature and empirical data. The results indicate that Islamic stocks can be affected by global economic uncertainty but are more resilient to external or internal factors related to usury, gambling, and uncertainty. Despite facing pressure from global market fluctuations, Islamic stocks still demonstrate growth potential, particularly in ASEAN countries with majority Muslim populations. The results of this study are expected to provide investors with insights for planning investment strategies as hedging instruments in accordance with sharia principles, while considering global economic conditions and a country's macroeconomy.

THE INFLUENCE OF FINANCIAL PERFORMANCE ON THE STABILITY OF ISLAMIC COMMERCIAL BANKS IN INDONESIA WITH GREEN BANKING AS A MODERATING VARIABLE

2025-09-17T18:51:55+07:00

Financial performance in general is an important aspect in evaluating the financial stability of a bank. Banks involved in green banking activities tend to have a better reputation because they show concern for environmental issues. This study aims to analyze the effect of financial performance on the stability of Islamic banks with green banking as a moderating variable. The financial performance indicators used include the Capital Adequacy Ratio (CAR), Non-Performing Financing (NPF), Operating Expenses to Operating Income (OEOI), and Financing to Deposit Ratio (FDR). The population in this study consisted of 14 Islamic commercial banks. The sample selection used the nonprobability sampling method with a purposive sampling technique and obtained a sample of 10 Islamic commercial banks with a research period of 2020–2023, so that there were 40 research data. The analysis was carried out using panel data regression with the Random Effect Model (REM) approach and variable moderation tests using Moderated Regression Analysis (MRA) through the Eviews 12 program. The results showed that CAR had a significant positive effect on stability, FDR had a significant negative effect on stability, while NPF and OEOI had no effect on stability. Green banking weakens the influence of CAR and NPF on stability, strengthens the influence of FDR on stability, but does not moderate the influence of OEOI on stability. This shows that the role of green banking is quite good, but has not been able to improve all aspects of financial performance as a whole.