Cheap Qurban Syariah Investment (CQSI) Program, Empowerment and Price Stabilization
Keywords:CQSI, Empowerment, Prices Stabilization, Profit-Loss Sharing, Sharia Investment
The research objective to develop a model of ummah fund utilization in the form of Cheap Qurban Syariah Investment (CQSI) with the synergy between the purpose of worship and the value of social benefits for the ummah empowerment. The study method used in the model design analyzes the beef cattle market's behavior, and a cost-benefit analysis of sharia investment in the pattern of profit sharing, the added value of beef cattle fattening efforts. Using the cost-benefit analysis of the profit-sharing partnership scheme, it was found that investment in cheap Qurban programs reduced the cost of Qurban borne by participants by 19.79% without lowering the Share of income received by beef cattle breeder partners and management fees for managing institutions. The more extended flexibility of procurement of feeder cattle when the conditions of low market demand and the reduced pressure on demand for ready-to-cut cattle at the time of Qurban worship will indirectly reduce the excessive fluctuations in commodity market prices. Based on the model developed, it can be concluded that cheap Qurban programs can encourage the utilization of the potential of ummah funds for farmers' economic empowerment, business opportunities for entrepreneurs, and Islamic institutions and indirectly help stabilize commodity prices for beef cattle without reducing the actual value of worship.
Abdullah (2005). Requirements for animals Qurban, Qurban fiqih and aqiqah. Al-Manhaj. https://almanhaj.or.id/1711-syarat-syarat-hewan-kurban.html
Amran H. (2011). Qurban and social change (article). http://www.dakwatuna. com/2011/10/31/16058/Qurban-dan-perubahan-osial/#ixzz5s47PJoCa.
Aplunggi T., O.H. Nono, A. Keban (2017). Cost-Revenue analysis based on the business scale at beef cattle fattening in Amarasi District, Regency of Kupang. Animal Nucleus Journal 4(2): 110-120. https://ejurnal.undana. ac.id/nucleus/article/view/820
Cahyani, I. F. (2008). Surely Allah will not change people's fate, except the people themselves who change what is in themselves. https://slydut. wordpress.com/2008/01/30/sesungguhnya-allah-tidak-akan-mengubah-nasib-suatu-kaum-kecuali-kaum-itu-sendiri-yang-mengubah-apa-apa-yang-pada/.
Central Bank Research and Education (2012). Codification of Bank Indonesia regulation - liability and capital implementation of sharia principles in funds collection and distribution activities and sharia services, Sharia Bank Products, and Sharia Business Units. Bank, Indonesia, Indonesia. www.bi.go.id/id/peraturan/kodifikasi /bank/Documents/a3ce.
Corteva (2018). Growing out and fattening cattle in a feedlot. Corteva Agriscience. https://www.farmersweekly.co.za/farm-basics/growing-fattening-cattle-feedlot/.
Firman, A.M. M Sulaeman, L. Herlina, dan M. Sulistyati (2018). Analysis of balance supply and demand of cattle and beef cattle in West Java. MIMBAR AGRIBISNIS Jurnal Pemikiran Masyarakat Ilmiah Berwawasan Agribisnis. 4(2): 98-108. https://dx.doi.org/10.25157/ma.v4i2.1122
Gororo, E. (2013). Cattle Finishing in the Feedlot. The literature review. Available: file:///C:/Users/User/ Downloads/BeefCattleFinishingintheFeedlot.pdf
Halfman, B, J.W. Lehmkuhler & T. Cox (2009). Factors are affecting Wisconsin feeder calf prices at a local livestock market. Journal of Extension 47 (6): 1 - 8. https://joe.org/joe/2009december/pdf/JOE_v47_6rb7.pdf.
Hyder, K. (2008). Beef feedlot management guide. An Inma Agribusiness Program Publication Series. U.S. Agency for International Development (USAID) by the Louis Berger Group, Inc, 2008. https://pdf.usaid.gov/pdf_docs/PNADR842.pdf
IIR (Indonesia Investment Report) (2016). Corruption in Indonesia: Should food import quotas be scrapped?. https://www.indonesia-investments.com/ news/todays-headlines/corruption-in-indonesia-should-food-import-quotas-be-scrapped/ item7202.
Kariasa, K (2012). Analysis of Beef Supply and Demand in Indonesia Before and During the Economic Crisis: An Analysis of 2005 Beef Self-Sufficiency Projection. https://www.neliti.com/publications/43906/analisis-penawaran-dan-permintaan-daging-sapi-di-indonesia-sebelum-dan-saat-kris
Karina, A. R.H. Ismono, & A. Nugraha (2015). The cost production determination of cattle fattening: A case study on cattle fattening owned by Kastamar in Terbanggi Besar of Central Lampung Regency). Journal of Agribusiness Science 3(3): 277-286. http://dx.doi.org/10.23960/jiia.v3i3.%25p
Kitabisa.com. (2019). The estimated price of Qurban Cattle for August 2019 in Indonesia. https://blog.kitabisa.com/perkiraan-harga-sapi-Qurban-agustus-2019 -di-Indonesia/
Knox, A & R. S. Meinzen-Dick (2000). Collective action, property rights, and devolution of natural resource management: exchange of knowledge and implications for policy," CAPRi working papers 11, International Food Policy Research Institute (IFPRI). https://ideas.repec.org/p/fpr/worpps/11.html
Lestari R.D, L.M. Baga, % R. Nurmalina (2017). Competitiveness df cattle are fattening in small scale business in Bojonegoro District, East Java. Bulletin of Animal Science 41(1): 101 - 112. http://dx.doi.org/10.21059/buletin peternak.v41i1.16906
Mahmud, S. 2002. Making rights real in Bangladesh through collective citizen action. IDS Bulletin 33 (2) 1i-12. http://dx.doi.org/10.1111/j.1759-5436.2002.tb00026.x
MBN (Market Business News) (2019). What is speculation? Definition and meaning. https://marketbusinessnews.com/financialglossary/specula tion-definition-meaning/,
Murniati W. (2018). Investment addition simulation on the Musyarakah sharia investment model to profit calculation, Journal of Mathematics Education, Science and Technology: 3 (2): 223 – 239. http://journal.um-surabaya.ac.id/index.php/matematika/article/view/2229
Nasution Z. (2016). Sharia financing model for the agricultural sector. Iqtishadia Jurnal Ekonomi dan Perbankan Syariah 3(2): 324-343. https://journal.trunojoyo.ac.id/ dinar/article/view/2701
Novra, A. (2012). Analysis of the feasibility of oil palm and cattle integration. Feasibility Study Report of the P.T. Perkebunan Nusantara VI (PTPN), Jambi. https://repository.unja.ac.id/7743/
Novra, A. (2019). Cheap Qurban sharia investment model, ummah empowerment, and beef cattle commodity price stabilization. Indonesian Muslim Lecture Proceeding "Revitalizing the Role of Academics for Improving the Quality of Life of the Community" 1 (1): 19-30.
Permata R. I. D. (2014). Analysis of the influence of Mudharabah and Musyarakah financing on the level of profitability (Return on Equity): Study on Sharia Commercial Banks Registered in Bank Indonesia from 2009 to 2012). Jurnal Administrasi Bisnis (JAB) 12(1): 1 - 9. http://administrasibisnis.studentjournal.ub.ac.id/index.php/jab/article/viewFile/486/683
Rahman A., A. Latif, R., Muda, & M. A, Abdullah (2014). Failure and potential of profit-loss sharing contracts: A perspective of New Institutional Economics (NIE) theory. Pacific-Basin Finance Journal, 28: 136–151. https://www.sciencedirect.com/ science/article/PII/S0927538X1400016X
Reily, 2018. Kemendag Terbitkan Izin Impor 36 Ribu Ton Daging Sapi: https://katadata.co.id/ekarina/berita/5e9a5603350ba/kemendag-terbitkan-izin-impor-36-ribu-ton-daging-sapi.
Rukmi (2019). Qurban, capitalization or economic?. Department of Islamic Economic, University of DarusSalam Gontor. http://ei.unida.gontor. ac.id/kapitalisasi-atau-ekonomika-Qurban/.
Saptana, A (2005). Sharia financing prospects for agriculture sector. Forum Penelitian Agro Ekonomi Pusat Sosial Ekonomi dan Kebijakan Pertanian. 23(2): 132-147 . http://dx.doi.org/10.21082/fae.v23n2.2005.132-147
Saptana (2015). Macro-Micro Marketing Conceptual Review and Its Implicationfor Agricultural Development. Forum Penelitian Agro Ekonomi Pusat Sosial Ekonomi dan Kebijakan Pertanian 33(2): 127-148. http://dx.doi.org/10.21082/fae.v23n2.2005.132-147
Saptana & N. Ilham (2017). Supply chain management of cattle and beef commodities. Analisis Kebijakan Pertanian 15(1): 83-98. http://dx.doi.org/10.21082/akp.v15n1.2017.83-98
Sitanggang, N. (2017). Beef cattle insurance. Online agribusiness: livestock info. https://agribisnis.co.id/asuransi-sapi-pedaging/, October, 16th, 2017.
Sugema I., T. Bakhtiar & J. Effendi, (2010). Interest versus profit-loss sharing credit contract: efficiency and welfare implications. International Research Journal of Finance and Economics, 45 (2), 58–67. https://intercafe.ipb.ac.id/wp-content/uploads/2010/11/irjfe_45_05.pdf
Syamsuddin, Neldysavrino, Komarudin, H., & Y. Siagian (2007). Are community aspirations being accommodated in development plans? A lesson from collective action in Jambi. CIFOR Governance Brief No. 34. Bogor, Indonesia. https://core.ac.uk/display/132639546
Yuliarno A.A. (2017). Analisis penawaran daging sapi potong di Indonesia. Skripsi Fakultas Pertanian Peternakan Universitas Muhammadiyah Malang (Unpublished).
Widiati R. (2012). Financial feasibility of beef cattle breeding business with various capital assistance in rural Gunung Kidul District, Yogyakarta. Animal Bulletin 36(2): 122 - 128. http://dx.doi.org/10.21059/buletinpeternak.v3612
LicenseAuthors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.