nep-isf New Economics Papers
on Islamic Finance
Issue of 2018‒08‒13
six papers chosen by
Halimatun Aris

  1. La finance entre l’éthique islamique, la réalité conventionnelle et croissance économique dans la région MENA By Mtiraoui, Abderraouf; GABSI, Feriel
  3. Academic sociology: The alarming rise in predatory publishing and its consequences for Islamic economics and finance By Hasan, Zubair
  4. Pengumpulan Zakat Fitrah Dan Efek Pemerataan Ekonomi Untuk Masyarakat di Kota Bandung (Kasus di Kecamatan Cibiru Bandung Timur) By Rumaisha, Azizah
  5. Kebijakan Ekonomi Khalifah Umar Bin Khattab By Kusnadi, Jamaludin
  6. Sistem anggaran berbasis kinerja pada APBN di Indonesia perspektif ekonomi Islam By Jaelani, Aan

  1. By: Mtiraoui, Abderraouf; GABSI, Feriel
    Abstract: The aim of this work is to study, in the first place, the theoretical framework the relationship between Islamic finance, conventional finance and economic growth while supporting an interesting literature review dealing with this type of research area especially the use of the new financial and economic terms. Second, we reviewed the review of existing literature that highlights the nature of the relationship between financial development and economic growth while considering the role played by Islamic finance as a catalyst for economic growth in investments and public spending and makes human work more efficient (education). Finally, we empirically try to discover the impacts of Islamic finance and conventional finance on economic growth and therefore the relationship between classical financial development (M3 /GDP) and Islamic financial development (FI) on the economic growth. Our empirical validation is very diverse considering the nature of the estimation methods used namely the fixed effects method, the random effects method, the GMM method in first differences and the GMM method in system for our study area MENA for twenty successive years (1990-2009).
    Keywords: Islamic Finance, Conventional Finance, Economic Growth and Dynamic Panel Model
    JEL: G17
    Date: 2018–07–28
  2. By: Ariska, Riska; Albadri, Abdul Aziz Munawar
    Abstract: Hoarding is one form of inner trade hoarding is none other than the sale of goods, which the seller did hoarding based on their stated objectives, one of which is for profit doubled, the sellers are willing to wait wares on sale when prices the market rose. It is part of buying and selling is prohibited caused harm to others and only benefit yourself only. In other words mentioned as Ihtikâr or monopoly. Therefore, in running a business or trade affairs should be looking for more good luck does not run fairly one-sided manner detrimental or beneficial unilaterally but by the way in the pleasure of Allah SWT. The aim of this study is to determine To know the effect of hoarding goods to economic stability. To determine what factors are causing the accumulation of goods. And to know how the basic concept of hoarding goods in general. The methodology used in this studyused a qualitative approach normative. From the research, hoarding of goods sold in the perspective of Islamic law which prohibited economy is in the form of hoarding staple foods. Economically sale of staple food stockpiled by the seller in the form of groceries may result in inflation, the rise in prices on the market resulting in buyers also feel difficulty to get the goods is nothing but a daily food needs. This can lead to famine which originated from the inability to buy goods or because of the scarcity of items needed. Therefore trade must also be fair.
    Keywords: Stockpiling Goods, Ihtikar, IslamicEconomic Law
    JEL: K12
    Date: 2018–07–19
  3. By: Hasan, Zubair
    Abstract: This study explores the causes and impact of predatory online publishing on Islamic economics and finance and takes a literature scan to identify the origin and expansion of predatory publishing, as references listed in the paper show. The personal experience and observation of the author over the decades of teaching at various universities endorses the evidence. Its originality lies in initiating discussion on an issue so far untouched in the field of Islamic economics and finance. It not only explores the impact of the affliction on the discipline but also suggests ways to curb the malady.
    Keywords: Predatory publishing; Econometric modeling; Islamic finance; Sociology of economics
    JEL: A2 C4 I23
    Date: 2017–09–15
  4. By: Rumaisha, Azizah
    Abstract: Economic equity has always been the focus of public administration. One potential to improve the economy of the community is zakat. Zakat fitrah or known as zakat bodies, zakat ru'us or shodaqoh fitrah is the obligatory zakat issued for every Muslim who can in the month of Ramadan and month of Shawwal. This writing aims to determine the effect of zakat fitrah to the economic side of mustahik zakat in the environment of DKM At-Tarbiyatul Islamiyah, research method used is an interview with the chairman of DKM At-Tarbiyatul Islamiyah and supported by the literature in accordance with the contents of the study. From the results of the interview, it is known that the result of zakat fitrah acceptance in DKM At-Tarbiyatul Islamiyah does not have a direct impact on the economic development of mustahik zakat, because zakat fitrah obtained amount is not too large and can only be exploited for a short time only.
    Keywords: Economy, Impact, Public, Zakat Fitrah,
    JEL: Z12
    Date: 2018
  5. By: Kusnadi, Jamaludin
    Abstract: Umar bin Khattab was a close-friend of Rasulullah SAW that did policies in Islamic economy, especially macroeconomy, and found wisdom way in manage property (country wealth) and made people benefit with three ways, first: take with the right way, second: given in accordance with their rights, and third; avoid from bad. It showed that management of Umar bin Khattab was neat in took policy country financial management, the country won’t take people property in wrong way
    Keywords: hisbah, diwan, kharaj, keuangan pubik, Umar bin Khattab
    JEL: A11
    Date: 2018–05–25
  6. By: Jaelani, Aan
    Abstract: This article reviews the state budget with a performance-based financial system in Indonesia, which previously implemented a balanced financial system. By using qualitative method and content analysis approach in understanding the theory and document of the financial system in Indonesia. This paper concludes that performance-based financial system in Indonesia provides a new direction in more transparent and accountable financial management for development activities in realizing community welfare
    Keywords: budgetary reform, performance-based finance, State Budget, Islamic economics
    JEL: E62 H21 H53 P48
    Date: 2018–06–01

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