MALIA: Jurnal Ekonomi Islam

A Review on Islamic Corporate Governance Research in Islamic Financial Institution

Izzani Ulfi, Muhamad Rizky Rizaldy — Sun, 30 Jun 2024 00:00:00 +0000

Research development in Islamic corporate governance is way behind the conventional counterpart. This is a call to Muslim scholars to put more attention and effort into the development of Islamic corporate governance through research. This paper aims to be a stimulus in this agenda by developing a research mapping in Islamic corporate governance literature especially within Islamic financial institutions. By employing the bibliometric method, this paper is expected to provide an overview related to the journey of Islamic corporate governance research and future research directions by reviewing 295 articles related to Islamic corporate governance in the Scopus database. The studies used as objects of this research are articles, reviews, and conference papers indexed by the Scopus database and are written in English only, assuming that these articles can represent high-quality research in the field of Islamic corporate governance. Most of the analyzed research was conducted within the scope of Islamic banking, thus, there is a huge demand to do research beyond Islamic banking area such as Islamic insurance and Islamic microfinance. This research will make it easier for researchers to get a comprehensive picture regarding the development of literature in the field of Islamic corporate governance in all Islamic financial institutions.

The Implementation of Halal Network Indonesia (HNI) Business Among Muslim and Non-Muslim Communities

Abdillah Mundzir, Aminatuz Zukhriyah, M. Sulhan — Sun, 30 Jun 2024 00:00:00 +0000

This research aims to describe the assumptions of mountain communities (Tosari and Nongkojajar) in using Halal labeling products (HNI) during the pandemic. The research design employed in this study is quantitative descriptive research with an associative or relational approach. Data collection techniques utilized research instruments, and the data analysis is quantitative/statistical, with the objective of testing the predetermined hypotheses. The researcher determined a sample size of 65 individuals using the Slovin formula, who then became one of the research targets for obtaining several data points. The research findings indicate that both non-Muslim and Muslim communities in Tosari and Nongkojajar generally prefer HNI for their daily needs and health due to the sense of security and high trust placed by the community in the HNI halal label. The implications of this research extend to the development of the local economy, the creation of sustainable business models, and the formulation of policies for the government.

Operational Risk Control Strategy in Sharia Cooperatives

Nur Kholis, Vivin Maharani Ekowati — Sun, 31 Dec 2023 00:00:00 +0000

This research aims to identify risk management strategies in the LKS Al Yasini sharia cooperative. LKS Al Yasini is a sharia-based financial institution located in Pasuruan, East Java. This study is important to carry out because operational risks still occur frequently and will always occur, although in different and new forms. Therefore, sharia cooperatives need to improve their operational risk management to maintain their existence and increase member trust. The research method used in this research is descriptive with a field research approach. The results of this research indicate that implementing security system improvements and enhancements is very important for sharia cooperatives to control potential risks that may arise. The implications of this research provide an important contribution in increasing understanding of operational risk management in the context of Islamic financial institutions and can serve as a guide for improvements and enhancements in the future.

Bibliometric Analysis of 20-Year Development of Waqf Research in Indonesia Using VosViewer

Wiranda Wulandari, Nil Firdaus — Sun, 31 Dec 2023 00:00:00 +0000

This study aims to describe the 20 years of development of scientific publications in the field of waqf from 20004 to 2023, so that in the future it will provide the results of this research that have an impact on the search for the latest research topics. Therefore there are two identified topics that will be discussed in this study, the first is to find out the development of waqf publications in Indonesia in 2004-2023. secondly to find out the existence of scientific publications about waqf in Indonesia based on keywords and authors. From the results of the research, the first shows that there are 970 Google Scholar indexed articles using the Publish or Perish application. Writings published on Google Schooler were abundant in 2016-2017. There are 10 prolific authors during the 20 years of the development of scientific publications about waqf and have the most citations with a total of 253. Second, the existence of scientific publications about waqf in Indonesia is based on keywords, namely the keywords of waqf objects that have been published the most in 20 years. For this reason, through this research we can also find out the topic of waqf, this can make it easier for future writers to determine the theme according to the current novelty about waqf, starting from the potential and opportunities of waqf in the modern era, management of cash waqf, distribution of waqf and so.

The Sharia Compliance Analysis of the Mudharabah Contract at PT Permodalan Nasional Madani Mekaar Syariah

Putri Wulandari, Khoirun Nasik — Sun, 31 Dec 2023 00:00:00 +0000

Financial institutions in Islam are governed by rules of halal (permissible) and haram (forbidden). One example of an Islamic financial institution is PNM Mekaar Syariah, which operates under various Sharia contracts. To ensure its Sharia compliance, it is necessary to analyze its pillars, conditions, and mechanisms. The objective of this research is to examine the Sharia compliance of the Mudharabah contract used in capital financing at PNM Mekaar Syariah, focusing on the branch in Prambon. This study adopts a qualitative descriptive approach. The findings reveal that PT PNM Mekaar offers Sharia-compliant capital financing products, as demonstrated by the research findings on the practice of capital provision by PNM Mekaar Syariah to its customers. However, there are some pillars and conditions that do not align with Sharia principles, leading to the deterioration of the Mudharabah contract's validity.