Jurnal Kajian Ekonomi dan Koperasi Indonesia (JKEKI)

Sharia Financing Companies as An Alternative for Islamic Value-Based Financing

2025-10-10T11:20:30+00:00

One of the functions of banking is to provide financing as a financial intermediary. Sharia financing is an alternative financial system based on Islamic law that prioritizes justice. This research seeks to examine the contributions of Sharia financing firms as a value-driven Islamic pathway for funding, one that bolsters a financial system rooted in equity, broad inclusion, and enduring viability. Drawing on a descriptive-analytical framework through an extensive review of scholarly works, institutional analyses, and earlier investigations, the study delves into the foundational ideas, practical applications, and persistent hurdles surrounding Sharia-compliant financing mechanisms. The analysis uncovers that these firms operate on pillars of fairness, collaborative engagement, and clear accountability, employing diverse Sharia contracts including mudarabah, musharakah, murabahah, ijarah, salam, and istisna’ to structure their activities. Beyond acting as providers of interest-free capital, they emerge as catalysts for societal advancement, weaving in elements of Islamic social finance like zakat, infaq, and waqf to amplify community benefits. The integration of Value-Based Intermediation (VBI) further solidifies their commitment to long-term sustainability, shifting focus from pure profit motives toward operations that deliver meaningful economic gains and environmental safeguards. Innovations in digital tools, notably Sharia-oriented fintech platforms, have notably widened financing avenues for micro, small, and medium enterprises (MSMEs), reaching into underserved rural and peripheral areas overlooked by mainstream financial providers. That said, the study also pinpoints notable barriers, such as widespread gaps in public understanding of Islamic finance, fragmented regulatory structures, and inherent operational uncertainties in the MSME landscape. Looking ahead, these observations emphasize the critical need for coordinated action among policymakers, oversight bodies, and civil society to nurture a robust Islamic financial network that promotes justice, fosters healthy competition, and ensures lasting resilience.

Pengaruh Inflasi Terhadap Kemampuan Ekonomi Warga di Indonesia

2026-03-27T17:21:23+00:00

Inflation constitutes a macroeconomic phenomenon characterized by a persistent and generalized increase in the prices of goods and services, which directly reduces the purchasing power of households. The present study aims to examine the impact of inflation on consumer purchasing capacity in Indonesia and to identify its effects on patterns of consumption, welfare, and socioeconomic conditions. A literature review method was employed, involving analysis of relevant empirical findings and secondary data sources. The results indicate that diminished household purchasing power is primarily attributable to inflationary pressures, particularly price escalations in the food and energy sectors. Such increases disproportionately affect low-income groups, leading to a decline in their ability to afford daily necessities. Furthermore, inflation induces alterations in consumption behavior, including reductions in nonessential expenditures, substitution toward more affordable goods, and increased caution in purchasing decisions. Beyond its economic consequences, inflation also exerts significant social impacts, such as deterioration in quality of life and heightened financial stress. Although governmental interventions through subsidies and social assistance programs contribute positively to maintaining purchasing power, several implementation challenges persist. Consequently, the formulation of more efficient and sustainable policy measures is required to stabilize inflation and safeguard the purchasing capacity of the population.

The The Role of BMT in the Economic Empowerment of Micro Communities

2025-10-10T21:47:19+00:00

Baitul Maal wat Tamwil (BMT) is a sharia-based microfinance institution that has an important role in strengthening the community's economy, especially for micro, small, and medium enterprises (MSMEs) in Indonesia. BMT has the main task, namely to provide access to funding in accordance with sharia principles, such as mudharabah, musyarakah, murabahah, and ijarah, to support MSME actors to get business capital fairly and without usury. In addition, BMT also conducts coaching, training, and business assistance to strengthen the managerial capacity and competitiveness of business actors. Case studies at BMT Projo Artha Sejahtera Bantul and several other areas show a significant increase in turnover and business quality of financing recipients, which has an effect on job creation, increased independent income, and poverty reduction. Despite facing various obstacles such as lack of capital and human resources, BMT still strives to optimize its function as a social financial intermediation institution that supports inclusive and sustainable economic development. The findings of this study confirm the urgency of support for BMT as the foundation of community economic empowerment and a driver of national economic growth

Efektivitas Kebijakan Makro Ekonomi dalam Mengatasi Ketimpangan dan Ketidakstabilan Ekonomi

2026-04-04T15:58:53+00:00

Studi ini bertujuan untuk menganalisis efektivitas kebijakan makroekonomi dalam mengatasi ketidaksetaraan pendapatan dan ketidakstabilan ekonomi melalui pendekatan tinjauan literatur sistematis (SLR). Ketidaksetaraan pendapatan dan ketidakstabilan ekonomi merupakan masalah struktural utama yang masih dihadapi oleh banyak negara berkembang, termasuk Indonesia, meskipun tren pertumbuhan ekonomi relatif positif. Proses pemilihan literatur mengikuti protokol PRISMA, dengan meninjau 10 jurnal ilmiah terindeks yang diterbitkan antara tahun 2020 dan 2025, yang dipilih berdasarkan relevansi topik, kualitas publikasi, dan ketersediaan DOI aktif. Hasil penelitian menunjukkan bahwa kebijakan fiskal memainkan peran penting dalam redistribusi pendapatan melalui belanja modal yang ditargetkan dan bantuan sosial, sementara kebijakan moneter menjaga stabilitas harga dan sistem keuangan. Kebijakan struktural, di sisi lain, berkontribusi pada peningkatan kualitas sumber daya manusia dan mendorong inklusi keuangan. Namun, efektivitas kebijakan makroekonomi sangat bergantung pada desain, implementasi, dan koordinasi antarlembaga. Kebijakan yang tidak tepat dapat memperburuk ketidaksetaraan dan meningkatkan ketidakstabilan ekonomi. Implikasi dari studi ini menunjukkan bahwa pemerintah perlu merancang kebijakan yang lebih terintegrasi dan inklusif untuk memastikan pertumbuhan ekonomi yang adil. Keterbatasan penelitian ini terletak pada penggunaan metode SLR tanpa analisis empiris langsung terhadap data primer. Oleh karena itu, penelitian lebih lanjut disarankan menggunakan pendekatan kuantitatif atau metode campuran untuk memperoleh hasil yang lebih komprehensif dan dapat digeneralisasikan.

Pemahaman Etika Profesi dan Profesionalitas Kerja Dalam Membangun Reputasi Bisnis Serta Kepercayaan Konsumen di Era Transformasi Digital

2025-11-17T14:01:12+00:00

The aim of this study to explore how business practitioners understand and implement professional ethics and work professionalism in building business reputation and maintaining consumer trust in the era of digital transformations. The research employs a qualitative descriptive approach, with data collected throught in-depth interviews and document analysis involving several business actors who are actively adapting to digital changes

The findings indicate that professional ethics serve as a fundamental principle in fostering honesty, responsibility, and intergrity in the workplace. Meanwhile, work professionalism demonstrated throught consistency and a strong commitment to quality contributes significantly to strengthening a company’s reputation in the eyes of consumers. Within the context of digital transformations, these two aspects complement each other : while technology enhances business reach, ethics and professionalism preserve the trust that underpins long-term relationships with costumers.