Islamic Economics Methodology

Islamic Crowdfunding: A Twitter Sentiment Analysis

Bashir Ammar Hakim — Mon, 08 Jan 2024 00:00:00 +0000

This research aims to measure public sentiment related to Islamic crowdfunding on the Twitter social media platform. The research method involves the extraction and classification of tweet data using a Python Library called VADER (Valence Aware Dictionary and Sentiment Reasoner). The research utilized tweet data posted in the past one year. The results showed fluctuations and decreases in the number of tweets discussing Islamic crowdfunding. Word cloud analysis on keywords shows that in positive sentiments, words such as "crowdfunding platform," "crowdfunding impact," "crowdfunding," "Islamic finance," and "inclusivity Islamic finance" dominate the visualization. Overall, the majority of tweets expressed a positive attitude towards Islamic crowdfunding, with 44.0% positive sentiment. A total of 47.2% of tweets showed neutral sentiment, while 8.7% showed negative sentiment. These results illustrate that people generally give positive support to the concept of Islamic crowdfunding, although there is still a small proportion of tweets that express less favorable views. This research provides valuable insights into people's perceptions and responses to Islamic crowdfunding in cyberspace.

Biblioshiny-R Application to Map Hajj Management Research

Amelia Tri Puspita, Muhammad Taufiq — Thu, 14 Dec 2023 00:00:00 +0000

Hajj is an act of worship that must be performed by all Muslims who have the ability both outwardly, inwardly, and also financially. The obligation to perform the Hajj is only done once in a lifetime. There is an external assessment that the management of the implementation of the Hajj pilgrimage has not been effective in terms of institutional aspects, financial management, and improvement of facilities and infrastructure in providing services to pilgrims. Therefore, there is a need for management of the Hajj pilgrimage as an effort to improve the system of organizing Hajj that is better, professional, and accountable. This study aims to determine the development map and trend of Hajj Management published by reputable journals. The data analyzed were more than 243 Google Scholar indexed research publications. The export data was then processed and analyzed using the R Biblioshiny application program to find out the bibliometric map of Hajj Management development. The results showed that We have identified two research networks in Hajj Management literature using co-occuerence network. These research networks are "Hajj" and "Crowd Management".

Pros and Cons of Riba Interest

Nadia Nurul Izza, Solahuddin Al-Ayubi — Mon, 08 Jan 2024 00:00:00 +0000

This study aims to ascertain attitudes concerning usury interest throughout the previous 29 years, from 1994 to 2022. This study employs a qualitative analysis method on secondary data in the form of metadata from 146 publications indexed by Scopus, which was then processed using SentiStrength and Microsoft Excel 2019. According to the sentiment analysis's findings, there is a significant amount 49,3% of neutral sentiment followed by 32,2% of negative sentiment and 18,5% positive sentiment in expert opinions on usury interest. The study's findings revealed that the tendency of usury interest in Islamic banking is still on the rise. According to the study, many different types of usury practices exist. Thus, practitioners, academia, and the government must continue educating and socializing people about usury-free economic methods that adhere to Islamic principles. These findings can be used as an example to educate the general public and society about usury interest and Islamic finance and economics.

Halal Pharmaceutical Development in Indonesia

Aviyu Nekha — Mon, 08 Jan 2024 00:00:00 +0000

This study attempts to map research related to Halal pharmaceutical in Indonesia published by Dimensions indexed journals from 2006 to 2023. NVivo 12 Plus was used to conduct thematic studies and frequency was used to evaluate 109 publications in the scientific literature. The results found that there was a fluctuating number of publications from year to year related to Halal pharmaceutical research in Indonesia, indicating that this topic is an interesting topic and should continue to be developed. In addition, various foci of discussion and cluster analysis that describe research paths in Halal pharmaceutical research in Indonesia include Gelatin Source and Halal Pharmaceutical, Supply Chain Traceability in Indonesia Halal Pharmaceutical Industry, Halal Certification Challenges in Food and Pharmaceutical Industry, and Innovative Halal Alternatives in Pharmaceutical Formulations. This research can be used as a starting point for experts to build graphic visualizations of Halal pharmaceutical research patterns in Indonesia in published scientific research.

Developing Green Waqf Model for Environmental Issues

Aam Slamet Rusydiana, Raditya Sukmana, Nisful Laila — Thu, 14 Dec 2023 00:00:00 +0000

The discussion on strengthening environmental issues for sustainable development is summarized in SDGs goal fifteen. On the other hand, waqf is an Islamic social fund instrument that has a sustainable nature and has relevance to SDGs, so it has the potential to be developed in its role in maintaining a more sustainable environment. This research seeks to look at waqf models that are relevant to the SDGs by prioritizing waqf models that can be implemented in Indonesia in line with SDGs goal 15 from the Maqasid al-Shariah perspective. Furthermore, this research proposes a model for realizing the 15th SDG goal, namely the preservation of terrestrial ecosystems based on waqf through a modified Green Waqf scheme