Talaa : Journal of Islamic Finance https://e-journal.iaingorontalo.ac.id/index.php/talaa <p align="justify"><strong>Talaa : Journal of Islamic Finance</strong> is presented as an effort to globalization of Islamic finance. The goal is to become a reputable and internationally recognized scientific journal. This journal publishes scientific papers on the results of studies or research and literature reviews on the scope and focus of Islamic finance. Editors accept articles that have never been published in other media with the writing format as stated on the manuscript writing guide page.</p> en-US talaa.journal@iaingorontalo.ac.id (Dr. Luqmanul Hakiem Ajuna, SE.I.,M.M.,AWP) talaa.journal@iaingorontalo.ac.id (Wahyudi Rusdi, S.Si.,M.Si) Sat, 31 Dec 2022 00:00:00 -0500 OJS 3.3.0.10 http://blogs.law.harvard.edu/tech/rss 60 Sharia Compliance of Cryptocurrencies: Data-Driven Sharia Compliance Assessment https://e-journal.iaingorontalo.ac.id/index.php/talaa/article/view/691 <p>In recent years, a significant percentage of the population has engaged in the trade and use of cryptocurrencies, demonstrating the widespread interest in the field. The usefulness of cryptocurrencies as an option to fiat currency is one of the most pressing issues that arise. The fiat money system is primarily reliant on commercial banks, which require bank accounts to process individual payments. The legality of cryptocurrencies has been susceptible to subjective interpretation, and this research presents a new objective AI methodology for determining whether currencies comply with Sharia. The framework consists of an unsupervised BIRCH clustering method that allows for the grouping of volatilities and logarithmic returns based on a variety of periodic data. The approach gave a solid rationale for deciding automatically which cryptocurrency may not comply with Sharia law. The results indicate that, over longer time intervals, the volatility of various cryptocurrencies vary substantially. This permits the proper distinction between cryptocurrencies that comply with Sharia and those that do not. The methodology proposes an automated and data-driven method to objectively establish the Compliance with sharia of cryptocurrencies, enabling users to readily determine whether it is permitted to use such cryptocurrencies.</p> Klemens Katterbauer, Hassan Syed, Laurent Cleenewerck, Sema Genc Copyright (c) 2022 Klemens Katterbauer, Hassan Syed, Laurent Cleenewerck, Sema Genc https://creativecommons.org/licenses/by-sa/4.0 https://e-journal.iaingorontalo.ac.id/index.php/talaa/article/view/691 Fri, 30 Dec 2022 00:00:00 -0500 Trend of Gross Domestic Product and Per Capita Income of Bangladesh: Past, Present, and Future https://e-journal.iaingorontalo.ac.id/index.php/talaa/article/view/698 <p>Bangladesh's per capita income was half of that of India in 2007. Today, it has surpassed India. The Asian Development Bank has estimated that Bangladesh's GDP will grow at a rate of 6.6% hereafter. According to the 2022 Economic Freedom Index, Bangladesh's economy placed in the 137th position with a score of 52.7 in the World. In the Asia-Pacific region, Bangladesh ranked 29th position out of 39 countries. The resilience of COVID-19 impinged the average growth of the economy. International Monetary Fund (IMF) has envisaged that the World may experience a challenging recession-like situation in 2023. Hence, the present paper attempts to predict the economic condition of Bangladesh through its GDP and Per Capita Income. The study considers 51 years of GDP and Per Capita Income growth data. It has adapted the Trend Projection Method, a linear regression technique, and the Least Square method to analyze data to get the future trend. It has been found that GDP was grown at an average rate of 4.4% and Per capita income at an average rate of 1.8% since 1971. The study reveals that GDP and Per Capita Income may grow at 7% and above hereafter. Hence, appropriate strategies and economic policies of the Government of Bangladesh create a defendable position that safeguards the country's economic condition.</p> V. T. Vasagan Copyright (c) 2022 V. T. Vasagan https://creativecommons.org/licenses/by-sa/4.0 https://e-journal.iaingorontalo.ac.id/index.php/talaa/article/view/698 Fri, 30 Dec 2022 00:00:00 -0500 The Influence of Price and Quality of Telkomsel Internet Package Products on Reseller Outlet Loyalty in Islamic Economic Perspective https://e-journal.iaingorontalo.ac.id/index.php/talaa/article/view/705 <p>This research is motivated by the case of Telkomsel internet package product competition which is still quite high, where many competitors, both retail players and big players from outside the region enter the Merangin zone area. This study uses quantitative method. Data was collected through a questionnaire which was distributed to 85 respondents at reseller outlets who shopped for Telkomsel products at Telkomsel TAP Merangin. The analysis was carried out by processing data using SPSS 26.0 for windows, then proceeded with validity, reliability, classical assumption tests, multiple linear regression analysis and hypothesis testing using t-test and f-test. The results of the study obtained that the price and quality of Telkomsel internet package products had an effect on resellers’ outlet loyalty, in which there was a simultaneous influence between price and product quality on customers’ loyalty. In the perspective of Islamic economy, price and product quality will have a significant effect on customers’ loyalty, with ethical pricing based on good product quality so that it shows honesty that can increase customers’ trust and they will not be deceived so that their confidence becomes more stable because their rights are protected.</p> Kurniasih Setyagustina, Reni Wulansari, Salahuddin Salahuddin, Sauri Sauri, Rina Nurarifah Copyright (c) 2022 Kurniasih Setyagustina, Reni Wulansari, Salahuddin Salahuddin, Sauri Sauri, Rina Nurarifah https://creativecommons.org/licenses/by-sa/4.0 https://e-journal.iaingorontalo.ac.id/index.php/talaa/article/view/705 Fri, 30 Dec 2022 00:00:00 -0500 Analysis of Sharia Economic Law on Vehicle Pawning in PT. Pegadaian (Persero) Cabang Bima, Nusa Tenggara Barat, Indonesia https://e-journal.iaingorontalo.ac.id/index.php/talaa/article/view/699 <p>This study aimed to examine the concept and system of vehicle pawning with a review of Sharia economic law. The research used descriptive qualitative with the type of field research at the Pawnshop Branch Office of the City of Bima, West Nusa Tenggara Province. While the data collection techniques were interviews, observations and documentation with data analysis using data reduction, data presentation and conclusion. The results show that, first, the practice of vehicle pawning financing products at the Bima City Pawnshop is relatively easy and practical. The view of Islamic law on vehicle pawning practices at the Bima City Pawnshop is considered to be by Sharia principles because it does not contain 3 elements that are prohibited in the practice of vehicle pawning. Such as Gharar, Maysir, and Sury. Because the suitability of the application for pawning vehicles at the Bima City Branch can be seen in three things, namely the pillars, the legal requirements for the pawn, the costs and the mechanism for the settlement of collateral goods. And the practice of pawning vehicles at the Bima City Pawnshop is governed by the Fatwa of the National Sharia Council No.26/DSN-MUI/III/2002 concerning Rahn Emas or similar items such as Vehicles.</p> Amrin Amrin, Adi Priyono, Nailis Shofita Copyright (c) 2022 Amrin Amrin, Adi Priyono, Nailis Shofita https://creativecommons.org/licenses/by-sa/4.0 https://e-journal.iaingorontalo.ac.id/index.php/talaa/article/view/699 Fri, 30 Dec 2022 00:00:00 -0500 Restructuring Islamic Social Finance Ecosystem on Standardization of Waqf in Indonesia: Platform Digitized https://e-journal.iaingorontalo.ac.id/index.php/talaa/article/view/697 <p>The emergence of waqf forum applications raises an issue that has to be immediately resolved, where the management of public funds requires sufficient transparency and the efficient access to it to continue to attract public attention. This study will discuss the extent to which digital actors manage waqf are in accordance with Waqf Core Principle (WCP). With the presence of WCP as part of the guide for the course of managerial principles, it should be the main consideration for every manager of this waqf platform. The availability of the information for each platform and website mentioned branding and the source of information. From the 29 cores of WCP and the 5 selected platforms; Dompet Dhuafa and Rumah Zakat have been approved and standardized by WCP. It does not mean that Global Zakat is not proper enough to be a waqf organization, it is only a matter of the lack of information provided by Global Wakaf. For Kitabisa and Ammana, they do not need to be standardized by BWI or WCP as they are intermediaries’ platforms instead of waqf platforms. The growing number of Cash Waqf will ultimately improve financial inclusion in Indonesia as one of the government’s goals.</p> Siti Nur Aisyah, Abdul Muiz Copyright (c) 2022 Siti Nur Aisyah, Abdul Muiz https://creativecommons.org/licenses/by-sa/4.0 https://e-journal.iaingorontalo.ac.id/index.php/talaa/article/view/697 Fri, 30 Dec 2022 00:00:00 -0500