Universitas Islam Internasional Indonesia Repository

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ItemOpen Access
A Bibliometric analysis of green sukuk literature
(Center for Islamic Economics Studies and Development, Faculty of Business and Economics, Universitas Islam Indonesia, 2024-09-12) Syamsi Mustofa Singgih Prayogo; Aji Raditya; Sarea, Adel
Purpose – The objective of this study is to provide a comprehensive analysis of the current body of literature on green sukuk. Methodology – To achieve this objective, this study uses a bibliometric analysis and visualization and mapping of green sukuk research from to 2015-2023. The process of retrieving data through the Scopus database with the keywords "green sukuk" OR "global green sukuk" OR "retail green sukuk" OR "project based green sukuk.” Findings – The findings included the identification of the most pertinent journals, highly cited articles, prominent authors, nations with prolific publishing in green sukuk, top research affiliations, and journal quality. The study also highlights the fundamental factors that contribute to the emergence of green sukuk, such as the incorporation of Islamic finance principles, adherence to green bond standards, emphasis on sustainability, implementation of environmental, social, and governance (ESG) principles, and the desire of investors to buy such instruments. Implications – This study examines the effects of government policies on the issuance of green sukuk to support all 2030 Sustainable Development Goals (SDGs) programs, particularly in mitigating and preventing the negative effects of climate change. Furthermore, it examines the potential consequences for future studies, as other scholars can use the discoveries of this analysis to investigate new research prospects concerning the correlation between green sukuk and sustainable development goals (SDGs). Originality – The analysis provides insights into the evolution of green sukuk, identifies gaps in current research, and highlights emerging areas of interest.
ItemOpen Access
A comparative analysis of Pakistan relations with Afghan Taliban and with the previous Afghan government (2014 - 2021) : security dilemma perspectives
(2024-08-19) Zarawar, Amanullah; Naveedullah Alokozay; Muhammad Numan
This study analyzed the intricate relationships between Pakistan and the Taliban (the Islamic Emirates of Afghanistan); examining its historical background and Islamabad’s strategic dimensions and security concerns. Pakistan's recognition of the Taliban during their first regime in 1996 was a culmination of close ties forged during the Soviet-Afghan conflict that had led to the establishment of a foundation of mutual trust between Pakistan and the Taliban (Islamic Emirate of Afghanistan). The disputed Durand Line issue and counterbalancing India have shaped Pakistan's perspective, making the Taliban a valued ally compared to the previous Afghan government (2014 - 21) in Afghanistan. Notably, the study indicates a shift in dynamics with the Taliban's second (2.0) regime, revealing a complex relationship where some members show less commitment to Islamabad. This study used a comparative qualitative analysis to collect data from relevant literature, including interviews. The analysis employed the lenses of Security Dilemma and Neorealism theories to unravel Pakistan's motivations. Despite expectations, the recent return of the Taliban to power has not ensured an ideal scenario for Pakistan, as its security situation has worsened than before. In essence, Pakistan's dual approach toward a stable government and support for the Taliban reflected a nuanced strategy wherein Pakistan sought a stable Afghanistan while simultaneously supporting the Taliban's extremist views to safeguard its strategic interests and influence regional dynamics. The study contributed to a deeper understanding of this intricate interplay between Pakistan and the Afghan Taliban in the context of historical legacies, strategic calculations, and regional power dynamics.
ItemOpen Access
Defending traditional islam in Indonesia : the resurgence of hadhrami preachers, by Syamsul Rijal
(Brill, 2024-04-07) Egi Tanadi Taufik
In Defending Traditional Islam in Indonesia, Syamsul Rijal explores the dynamics of the Hadhrami Arabs and their growing popularity among young urban Muslims in contemporary Indonesia. His fieldwork was located in six cities in Indonesia, five of which are in Java, and mainly focused on Jakarta (p. 14). The book consists of seven chapters that emphasize the internal dynamics within the diasporic community, their ideological fragmentation, and their contestation with other religious individuals and groups.
ItemOpen Access
Between salafi and sufi : ibn taimiyyah’s critique of al-qusyairi’s views on sufism
(University of Darussalam Gontor, 2023-11-28) Hamdan Maghribi; Alfina Hidayah
This article discusses two sects that are often contrasted: Salafi and Sūfī. It focuses on the views of Ibn Taimiyyah al-Harrānī as a representative of Salafi and ‘Abd al-Karīm al-Qusyairī of Sūfī-sunnī on Sufism. By analyzing the works of Ibn Taimiyyah and al-Qusyairī on Sufism, this article explores Ibn Taimiyah’s critical notes on al-Qusyairi's views on Sufism. Ibn Taimiyyah wrote no less than thirty-eight treatises on Sufism and cited more than forty Sūfī texts in explaining and analyzing his views on Sufism. Al-Qusyairī, on the other hand, describes in detail the Sūfī figures and their views in his Risālah. He also included his Sufistic analyses in Laṭāif al-Ishārāt. Using an interpretative approach and content analysis, this article finds that Ibn Taimiyyah did not reject Sufism. He rejected the practice of Sufism that he thought was not intertwined with the Qur’ān and Sunnah. This is evident from his respect for al-Qusyairī, whom he called al-Syaikh al-Ustāż, and Mutaṣawwifah Ahl al-Kalām, a term of honor within the Ṣūfī order. Nonetheless, Ibn Taimiyyah notes that al-Qusyairī’s quotations in his work are not followed by references and explanations. In explaining the practice of zuhd, al-Qusyairī did not provide examples from the ṣahābah and tābi’īn to strengthen his argument.
ItemOpen Access
Symmetric and asymmetric response of the renewable energy market to Indonesian economic trends
(Universitas Islam Internasional Indonesia Press, 2024-06-29) Safiullah Junejo; Muhammad, Mansur; Herbert Wibert Victor Hasundungan
This study digs into the complex interplay between renewable energy market development and Indonesian economic trends. Our rigorous study aims to investigate the impact of crucial economic indicators, including gross domestic product (GDP), exchange rates, inflation, real interest rates, net inflow of foreign direct investment (FDI), and urbanisation, on the renewable energy landscape in Indonesia between 1973 and 2022. This study provides a novel insight by investigating both symmetric and asymmetric impacts in the context of Indonesia. While previous studies have limited scope with linear relationships, this study fills a gap by capturing the dynamic interplay between renewables and economic indicators. By employing a robust econometric model, we reveal interesting patterns highlighting the multidimensional nature of the renewable energy market's responses to economic trends and find that there is a long-term interplay among the variables under linear and non-linear models. We found empirical evidence indicating that the nexus is asymmetric. However, in the long term, GDP exhibits an asymmetric positive impact on renewable energy consumption in the linear model. This shows that economic growth positively correlates with Indonesia's adoption of sustainable renewable energy sources. Similarly, urbanisation shows a positive response, with expanding cities boosting demand for cleaner and greener energy. Surprisingly, exchange rates show an asymmetric response, demonstrating that depreciation of local currency has a disproportionate negative impact on renewable energy investment during economic downturns. Inflation also exhibits a negative asymmetric response due to eroding purchasing power that reduces investment in renewables. Meanwhile, net inflow of FDI emerges as a critical driver in favourable economic conditions, dramatically amplifying renewable energy capacities. Therefore, during economic recessions, FDI’s impact diminishes and emphasises the significant importance of tailored interventions. Based on the findings of this study, which demonstrate the profound interplay of how the Indonesian economy shapes and is affected by the renewable energy market, we encourage the adoption of policies that promote sustainable energy development while increasing economic resilience. We recommend that policymakers support renewable energy diversification to lessen the vulnerability of exchange rate fluctuations. Attracting FDI is also crucial, as policies can help strengthen the investment climate and bolster the renewable energy sector. Inflation-indexed incentives can help maintain confidence and foster economic growth.