ZAKAT POTENTIAL MANAGEMENT STRATEGY IN INDONESIA

Management of Zakat has a great potential to fail to optimize the potential of Islamic philanthropy which is significant in tackling poverty and improving the welfare of the people. This article will analyze the effectiveness of zakat management in the modern economy. This research uses an empirical or sociological juridical approach and is analytically descriptive. Data collection methods in this research using documentation. Whereas the method of data analysis, carried out qualitatively juridical. The results of the research are the requirements for the fffectiveness of receiving zakat funds at Badan Amil Zakat Nasional; (1) Establish the concept of expansion in zakat obligations, (2) Management of zakat from fixed assets and non-permanent assets, (3) Accountable and professionally managed administration, (4) An accountable distribution; prioritizing domestic distribution, fair distribution, build trust between Muzakkī and Mustaḥiq zakat, (5) Job productivity through Islamic management and (6) Zakat distribution model in modern economy; distribution of zakat for poverty due to unemployment (a compulsion) and distribution of zakat for poverty due to unemployment of Khiyāriyah (an option).

THE URGENCY OF CENTRAL BANK DIGITAL CURRENCY (CBDC) IMPLEMENTATION; MAQĀSHĪD SYARĪ’AH PERSPECTIVE

This study examines the urgency of the Central Bank Digital Currency (CBDC) with a maqashid Syariah perspective. The challenges of digital transactions have forced people to use cryptocurrencies without the use of asset assignments so that they have a big risk, this makes them illegal, while electronic money has not answered the challenges of digital transactions. The methodology used in writing this article is a descriptive qualitative method with a normative approach to analysis on maslahah and mafsadah contained in Maqashid sharia. The data used by the author is secondary data. The results of the study can be concluded that the implementation of Central Bank Digital Currency (CBDC) will provide more maslahah than mafsadah, while cryptocurrencies are currently widely traded freely by the Muslim community in general even though they are considered haram and illegal. This shows that the Central Bank Digital Currency (CBDC) has the urgency of its use in the economic practice of Muslims in general, with the same form but eliminating the bad elements contained in cryptocurrency, enforcing Islamic sharia, and saving the economy of the Muslim community according to Maqashid. sharia

ZAKAT COLLECTION: POTENTIAL AND REALIZATION IN BAZNAS TULUNGAGUNG REGENCY

Zakat is one of the pillars of Islam that plays a role in handling poverty in Indonesia. The potential for zakat in Indonesia is very large, as is the case in Tulungagung regency which was collected by Baznas Tulungagung regency. The amount of potential is not yet proportional to the revenue where the total collection is still far from the existing potential. The purpose of this study was to analyze the gap between acceptance and potential from a quantitative point of view through statistical methods. The method used is the independent sample test which shows that the receipt of zakat at Baznas Tulungagung regency in 2010-2020 is far below its potential which has only reached less than 1%. The highest revenue realization was in 2018 and 2016 which only reached 0.52% of GRDP.

ANALISIS PRAKTIK MINDRING MODERN

This research aims to analyze the practice of Mindring Modern Jaya Mandiri in Kudus from the view of the National Sharia Council (DSN) fatwa of the Indonesian Ulema Council (MUI) No. 110/DSN-MUI/IX/2017 about sale and purchase contracts. This research is a qualitative research with a case study approach. The method used in this research is interview, observation, and documentation. The data validity technique used is triangulation, with analytical procedures including data reduction, data display, making conclusions and verification. The results of this study indicate that the practice of Mindring Modern Jaya Mandiri Kudus is not in accordance with the fatwa of DSN MUI No: 110/DSN-MUI/IX/2017. The use of the lease-purchase contract is not in accordance with the practice of mindring. The appropriate contract is bai’ al-taqsith.

DINAMIKA HUBUNGAN FOREIGN DIRECT INVESTMENT (FDI), MAKROEKONOMI DAN RETURN INDEKS SAHAM SYARIAH DI EMPAT NEGARA ASEAN

Negara-negara kawasan Asia Tenggara tengah menyongsong integrasi pasar modal. Kehadiran momentum itu, dibutuhkan kondisi ekonomi masing-masing negara yang stabil dan pasar modal yang menarik. Momentum ini juga merupakan kesempatan pasar modal syariah untuk lebih dikembangkan di kawasan ini. Penelitian ini bertujuan untuk menguji pengaruh Foreign Direct Investment (FDI) dan variabel ekonomi makro yakni pertumbuhan ekonomi, inflasi, suku bunga acuan dan nilai tukar terhadap return indeks saham syariah di empat negara ASEAN yaitu Indonesia, Malaysia, Thailand dan Singapura. Periode penelitian sejak kuartal IV tahun 2006 sampai dengan kuartal I tahun 2020. Metode yang digunakan dalam pembuktian empiris pada penelitian ini adalah Autoregressive Distributed Lag Bounds Testing Approach (ARDL). Penelitian ini menemukan hubungan kointegrasi jangka panjang pada semua negara objek penelitian. Dalam hubungan jangka panjang dan dinamika jangka pendek, penelitian ini menemukan adanya variasi hasil dan arah koefisien di 4 negara ASEAN. Kecepatan penyesuaian kembali keseimbangan jika terjadi goncangan berturut-turut Indonesia, Malaysia, Thailand dan Singapura adalah 44.7%, 65.4%, 43.5% dan 50.0% per bulannya.

PENGELOLAAN DANA HAJI SEBAGAI BENTUK MANAJEMEN KEUANGAN PUBLIK

Penelitian ini bertujuan untuk memberikan gambaran terkait mekanisme pengelolaan dan investasi dana haji yang ada di negara dengan penduduk mayoritas muslim. Negara yang dipilih dalam penelitian ini adalah Indonesia dan Malaysia. Penelitian dalam tulisan ini adalah penelitian kepustakaan, yakni penelitian yang data-data dan informasinya diperoleh dari sumber pustaka (bacaan) baik berupa buku-buku, hasil penelitian, berita dan bahan bacaan yang lainnya. Dari hasil penelitian didisimpulkan bahwa dana haji harus dikelola secara taransparan dan akuntabel serta selalu mengutamakan prinsip kehati-hatian karena dana haji tujuan utamanya adalah kegiatan ibadah yang termasuk dalam rukun islam, bukan untuk mencari keuntungan. Pemerintah harus bisa meningkatkan kepercayaan dari masyarakat dengan selalu meningkatkan pelayanan dan tata Kelola yang baik (good governance) dalam menjalankan tugasnya. Dana haji memiliki potensi yang sangat besar dan pengelolaannya harus ditujukan untuk kemaslahatan umat sebesar-besarnya.

THE ADVANTAGES AND CHALLENGES OF IMPLEMENTING SUKUK THROUGH BLOCKCHAIN TECHNOLOGY

Financial instruments must be able to adapt quickly in the 4.0 era. One of the Islamic financial innovations highlighted at this time is the application of blockchain technology-based sukuk. This study aims to determine specifically the advantages of applying sukuk through blockchain technology and to scale the point of view regarding the challenges faced in applying sukuk through blockchain technology. This research uses a qualitative approach. The data collection technique used is literature study by collecting data from previous studies in the form of documentation of articles, journals or books as well as publication data from other parties. The data analysis techniques used were data reduction, data presentation, and conclusion drawing. The results show that sukuk can get many benefits from blockchain technology. Although blockchain has its advantages, there are risks and challenges that need to be resolved. In responding to this challenge, it is necessary to have a harmonious synergy among all stakeholders, from Syari'ah scholars, academics, to regulators and industry

WASTE BANK AND COMMUNITY WELFARE IN SIDOARJO (MAQASHID SHARIA PERSPECTIVE)

The originality of this research is where previous studies only discussed waste banks from the green economy perspective of maqashid sharia, or discussed economic empowerment only, but in this study it combines all aspects of previous research. This study aims to describe the role of the Sumringah waste bank in improving people's welfare, where the indicator used is Maqashid Syariah. This research uses qualitative research methods, with a case study approach. The waste management system at the Sumringah Waste Bank applies the 3R principle (reduce, reuse, recycle), this aims to motivate the community and increase awareness about managing waste independently from the source, as well as implementing a people's economy. The results of the analysis obtained indicate that there is prosperity in terms of: 1) Spirituality, namely by increasing alms Jariyah (hifz ad-din), 2) fulfilling mental needs (hifz an-nafs), 3) understanding about waste management and environmental hygiene (hifz al-nafs). aql), 4) maintenance of offspring (hifz al-aql), 5) income (hifz al-maal). The implication is as a behavior changer for the community, economic empowerment and quality of life of its members.

PERCEIVED RISK DALAM TRANSAKSI E-COMMERCE PERSPEKTIF ETIKA BISNIS ISLAM DAN SOCIAL CULTURE

Perkembangan pengetahuan dan teknologi sangat berpengaruh dalam berbagai sektor kehidupan masyarakat, perkembangan teknologi yang terjadi juga merambah pada sektor ekonomi. Dengan teknologi yang ada dapat memudahkan dalam bisnis yang dilakukan oleh para pengusaha dan para konsumen. Perkembangan e-commerce yang semakin meningkat di Indonesia berdampak pada gaya hidup masyarakat khususnya dalam berbelanja. Dampak dari perkembangan dan tumbuhnya e-commerce juga dirasakan oleh masyarakat kota Metro-Lampung. Dengan minimnya perusahaan e-commerce yang menyatakan bahwa sistem yang disediakan oleh perusahaannya selalu menjaga prinsip-prinsip ekonomi syariah, maka resiko-resiko dari adanya e-commerce tidak bias diabaikan seperti terjadinya kecurangan dalam bertransaksi, oleh karena itu penulis mengkaji persepsi risiko dalam transaksi e-commerce dari perspektif etika bisnis Islam dan sosial budaya. Penelitian ini bertujuan untuk menganalisis persepsi risiko dalam transaksi e-commerce dari perspektif etika bisnis Islam dan sosial budaya. Metode yang digunakan dalam penelitian ini adalah penelitian kualitatif dengan pendekatan teoritik serta membangun teori dari data yang diterima peneliti. Sehingga hasil dari penelitian ini, bahwa persepsi risiko dalam transaksi e-commerce dalam perspektif etika bisnis Islam dan sosial budaya secara umum tidak melanggar etika bisnis Islam yang berlaku. Namun perlu adanya pembenahan label halal yang dapat menjaga keamanan konsumen khususnya konsumen muslim ketika mengambil keputusan dalam pembelian produk melalui e-commerce yang tersedia.

UNIT KEPATUHAN DAN AUDIT INTERNAL BANK SYARIAH DI INDONESIA; SUDAHKAH SESUAI DENGAN PRINSIP SHARIAH GOVERNANCE?

Shariah governance is crucial in the Islamic banking system to ensure that all commercial operations comply with Islamic principles and differentiate Islamic banking operations from conventional banking. This research discusses the similarities between the practice of the compliance unit and internal audit of Islamic banks in Indonesia and Bank Indonesia/ OJK’s regulations and existing standards. The data for the research were collected through interviews and documentation instrument, and analyzed by using qualitative methods. Based on the analysis, the researcher identified that the work practices of the compliance unit and internal audit of Islamic banks in Indonesia are in line with regulations promoted by Bank Indonesia/ OJK, AAOIFI and IFSB shariah governance, but are still not comprehensive when compared to the Shariah governance framework of Bank Negara Malaysia and the opinions of other practitioners of Islamic Economics.