TY - JOUR TI - CONSTRUCTION OF CIBEST MODEL AS MEASUREMENT OF POVERTY AND WELFARE INDICES FROM ISLAMIC PERSPECTIVE AU - Beik, Irfan Syauqi AU - Arsyianti, Laily Dwi AB - Construction of CIBEST Model as Measurement of Poverty and Welfare Indices from Islamic Perspective. One of the major challenges faced by most of the Islamic countries is poverty. This paper attempts to construct the concept of poverty and welfare standards based on Islamic perspective.The study tries to cover both material and spiritual dimensions. These standards are based on CIBEST Quadrant, which is divided into four quadrants: welfare quadrant (I), material poverty quadrant (II), spiritual poverty quadrant (III) and absolute poverty quadrant (IV). Determination of these quadrants is resulted from criteria and indicators of basic material needs and basic spiritual needs. By using household as unit of analysis, this study is able to developCIBEST Model comprising welfare index, material poverty index, spiritual poverty index, and absolute poverty index. Mathematical formula and illustration of the indices are also elaborated to strengthen the concept. DA - 2015/// PY - 2015 DP - Zotero IS - 1 SP - 18 LA - en ER - TY - JOUR TI - Growth and Value Effect on Jakarta Islamic Index: Analysis towards Performance of Sharia Equity Mutual Fund AU - Rusmita, Sylva Alif AU - Che Mohd Salleh, Marhanum T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - This study provides evidence that value and growth stocks are able to explain Net Asset Value of sharia mutual fund. Growth and value stocks in 2013-2017 are used to predict mutual fund profits. Thus, prior to any losses or lower Net Asset Value experienced by customers, investment managers and investors can estimate the profit or loss obtained. This study uses quantitative method with the latest secondary data from companies indexed in the Jakarta Islamic Index and sharia mutual fund data. The results of statistical tests show that growth and value shares equally affect the profit of sharia mutual funds. The growth stock has a larger R-Square than stock value. Meanwhile, the ratios that most affect Net Asset Value of sharia mutual fund are the Return on Equity and Book to Market Value. DA - 2019/11/21/ PY - 2019 DO - 10.15408/aiq.v11i1.9670 DP - DOI.org (Crossref) VL - 11 IS - 1 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Growth and Value Effect on Jakarta Islamic Index UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/9670 Y2 - 2021/06/23/01:33:57 ER - TY - JOUR TI - The Concept and Practice of Macroprudential Policy in Indonesia: Islamic and Conventional AU - Sakti, Muhammad Rizky Prima AU - Thas Thaker, Hassanudin Bin Mohd AU - Qoyum, Abdul AU - Qizam, Ibnu T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - This study aims to examine reserve ratio (GWM), and capital buffer toward credit growth; the impact of macroeconomic variables and micro-banking specific factors toward credit growth in Islamic and Conventional Bank. This research using Vector Error Correction Model (VECM). This research finds that macroprudential policy based on GWM instrument positively influence the credit growth of conventional and Islamic banks. From macroeconomic, the credit growth is positively affected by GDP and negatively affected by BI Rate and inflation. Also, credit also affected by deposit funds and default rate ratio. Interestingly, there is a different impact of capital buffer instrument toward credit growth. Capital buffer instrument has negatively affected the financing growth of Islamic banks in Indonesia. DA - 2018/01/01/ PY - 2018 DO - 10.15408/aiq.v10i1.5446 DP - DOI.org (Crossref) VL - 10 IS - 1 SP - 75 EP - 96 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - The Concept and Practice of Macroprudential Policy in Indonesia UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/5446 Y2 - 2021/06/23/01:33:59 ER - TY - JOUR TI - Bankruptcy Model Analysis: Comparative Studies Between Sharia and Non Sharia Manufacturing Companies AU - Ruhadi, Ruhadi AU - Mai, Muhammad Umar T2 - Al-Iqtishad: Journal of Islamic Economics AB - Bankruptcy Model Analysis: Comparative Studies Between Sharia and Non_Sharia Manufacturing Companies.This study aims to find out three important things: first is based on the analysis of three bankruptcy models that Altman, Springate and Zmijewsky, which is the most accurate in predicting the potential bankruptcy of sharia and non sharia, secondly based on the most accurate model, whether sharia companies have a potential bankruptcy smaller than non_sharia. Analysis of variance, it was found that the most accurate model in predicting potential bankruptcy is Altman Z_score. Based on this model could be found, statistically significant that a group of sharia has a potential bankruptcy smaller than the non_sharia. Based on the third question, could be found that good corporate governance have positive and significant effect to potential bankcruptcy for the sharia companies, while the rate exchange of rupiah to US dollar has negative and significant effect to ones. DA - 2017/05/06/ PY - 2017 DO - 10.15408/aiq.v9i2.4466 DP - DOI.org (Crossref) VL - 9 IS - 2 SP - 311 EP - 330 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Bankruptcy Model Analysis UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/4466 Y2 - 2021/06/23/01:34:03 ER - TY - JOUR TI - Determining Factors of Deposit Level of Islamic Bank in Indonesia AU - Baehaqie, Sofyan AU - Fahmi, Idqan AU - Beik, Irfan Syauqi T2 - Al-Iqtishad: Journal of Islamic Economics AB - Determining Factors of Deposit Level of Islamic Bank In Indonesia. One Way to maintain the stability of banking industry is by applying the deposit insurance scheme. The application of the deposit insurance scheme has an impact by increasing the level of bank deposits. The objectives of the research are to identify the factors affecting the level of deposits of Islamic banks in Indonesia and managerial implications regarding to the functions of Indonesia Deposit Insurance Corporation (LPS). The technique used is the panel data regression with fixed effect model using the data from the 11 Islamic banks for the period of 2011 -2015. The results show that the factors affecting the level of deposits of the Islamic banks in Indonesia significantly and positively include the size of banks and their non-performing financing (NPF); however, they influence the capital negatively. Based on these results, LPS is required to build or sharpen the surveillance systems as part of its early detection by doing the mapping based on the size and to monitor the bank capital structure and bank finance portfolio structure. DA - 2017/05/06/ PY - 2017 DO - 10.15408/aiq.v9i2.5156 DP - DOI.org (Crossref) VL - 9 IS - 2 SP - 213 EP - 226 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/5156 Y2 - 2021/06/23/01:34:06 ER - TY - JOUR TI - Islamic Work Ethics and Audit Opinions: Audit Professionalism and Dysfunctional Behavior as Intervening Variables AU - Suryanto, Tulus T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - This study examinesthe relationship between Islamic work ethics and auditors’ opinion, focusing onthe aspects of audit professionalism and dysfunctional behavior as interveningvariables. The research involved in Internal Auditors working of Islamic Bankingindustry in Sumatra Island. A questionnaire was used for data collection. Thestudy represents the empirical test employing census sampling. The data collectedwere analysed using Amos. The results of the study confirmed the three hypothesesexamined: there is a positive corelation between Islamic work ethics and auditors’opinions; auditors’ professionalism is an intervening variable of the correlationbetween Islamic work ethics and auditors’ opinions and dysfunctional behavioris a negative intervening variable of the correlation between Islamic Work Ethicsand auditors’ opinionsDOI: 10.15408/aiq.v8i1.2508 DA - 2016/01/10/ PY - 2016 DO - 10.15408/aiq.v8i1.2508 DP - DOI.org (Crossref) VL - 8 IS - 1 SP - 49 EP - 64 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Islamic Work Ethics and Audit Opinions UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/2508 Y2 - 2021/06/23/01:34:09 ER - TY - JOUR TI - Lowly or Negative Benchmark Rates Bandwagon: Any Risk Implications for Islamic banks? AU - Chattha, Jamshaid Anwar AU - Alhabshi, Syed Musa T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - To stimulate the economy, regulators across all jurisdictions have been taking unconventional approaches. Thus, in recent years, the management of benchmark rates (or interest rates) has received considerable prominence in the banking sector due to some reasons including supervision banks’ benchmark rates under Basel II. This paper reviews the possible dysfunctional implications of lowly and/or negative rates and provides a risk management and regulatory perspective for Islamic banks. These consequences call for a better risk management with appropriate tools and effective supervisory oversight. It hoped that the initial discussion presented in this paper on the implications and controls invites a broader debate on this issue in the Islamic financial services industry. DA - 2018/01/01/ PY - 2018 DO - 10.15408/aiq.v10i1.6121 DP - DOI.org (Crossref) VL - 10 IS - 1 SP - 115 EP - 134 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Lowly or Negative Benchmark Rates Bandwagon UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/6121 Y2 - 2021/06/23/01:34:12 ER - TY - JOUR TI - Islamic Banking Existence and Domestic Credit: Study at Seven Countries AU - Yuafi, Hamdan AU - Bawono, Anton T2 - Al-Iqtishad: Journal of Islamic Economics AB - Islamic Banking Existence and Domestic Credit: Study at Seven Countries. This paper empirically investigates the determinants of domestic credit across a wide range of 7 countries; these are United Kingdom, Malaysia, Egypt, Kuwait, Qatar, Bahrain and Indonesia. We use dynamic panel estimation to examine effects of exchange rate, inflation, lending interest rate, banking crisis and existence of wholesale Islamic banking on domestic credit. We obtain several notable empirical results. First, the lending interest rate, banking crisis negatively and insignificantly contribute to domestic credit. The existence of Islamic bank has positive and insignificant contribution to domestic credit, while exchange rate positively and significantly contributes to domestic credit. Inflation negatively and significantly contributes to domestic credit. Second, banking crisis and existence of wholesale Islamic banking show insignificant effect on domestic credit. Third, we find that today’s domestic credit is depended on domestic credit in the previous year. DA - 2017/05/06/ PY - 2017 DO - 10.15408/aiq.v9i2.4906 DP - DOI.org (Crossref) VL - 9 IS - 2 SP - 185 EP - 202 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Islamic Banking Existence and Domestic Credit UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/4906 Y2 - 2021/06/23/01:34:15 ER - TY - JOUR TI - Greece Financial Crises and Sukuk Markets: Experience From Gulf Countries AU - Herwany, Aldrin AU - Febrian, Erie AU - Buchari, Imam T2 - Al-Iqtishad: Journal of Islamic Economics AB - Greece Financial Crises and Sukuk Market: Experience From Gulf Countries. Many studies have been carried out to investigate the impact of recent European financial crises on the performance of financial instruments in other regions. Nevertheless, there have been insufficient studies explaining such impact on Islamic financial instrument. In particular, whether Greece Financial crises have affected performance of Sukuk traded in Gulf Markets needs to be answered. This study is aimed at empirically investigating the causality of credit and liquidity risk on Sukuk Markets in Gulf economies in the period of Greece Financial Crises. We analyzed the Sukuk data by employing Granger casuality test, with all the associated vector autoregression model procedures. Our findings show that Bahrain sukuk market is cointegrated with those of Qatar and UAE in the full period observation. Meanwhile, during the crisis, Qatar Sukuk market is cointegrated with those of UAE Bahrain. We also find that Bahrain Sukuk triggers market shock in both Qatar and UAE Sukuk markets. Bahrain consistently causes changes in price and spread of UAE Sukuk, both in the context of the full period and the during-crisis period. DA - 2016/12/13/ PY - 2016 DO - 10.15408/aiq.v9i1.3733 DP - DOI.org (Crossref) VL - 9 IS - 1 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Greece Financial Crises and Sukuk Markets UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/3733 Y2 - 2021/06/23/01:34:18 ER - TY - JOUR TI - Determinant of The Corporate Environmental Disclosure: Study on Jakarta Islamic Index AU - Yulianti, Yulianti AU - Suzanawaty, Leis AU - Putri, Zuwesty Eka AU - Haribowo, Ismawati T2 - Al-Iqtishad: Journal of Islamic Economics AB - Determinant of The Corporate Environmental Disclosure: Study on Jakarta Islamic Index. The issue about corporate environment disclosure nowadays is increasing. This research aims to analyze the influence of firm size, leverage, proportion of independent commissioners, corporate secretary and firm age to corporate environmental disclosure. Thirteen companies that listed at Jakarta Islamic Index during 2011-2014 are used as sample. Data was analyzed using multiple regression technique. The independent variables are firm size, leverage, and proportions of independent commissioners, corporate secretary, and firma age. The result shows that simultaneously all independent variables have significant influence to corporate environmental disclosure. Whereas partially, firm size and firm age have significantly influence to corporate environmental disclosure. The implication of this research is the larger of the firm size and the longer firm will make a better corporate environmental disclosure in companies that listed at Jakarta Islamic Index. DA - 2016/07/09/ PY - 2016 DO - 10.15408/aiq.v8i2.3158 DP - DOI.org (Crossref) VL - 8 IS - 2 SP - 307 EP - 322 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Determinant of The Corporate Environmental Disclosure UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/3158 Y2 - 2021/06/23/01:34:22 ER - TY - JOUR TI - Discussion on Islamic Finance and Small Medium Enterprises’ Financial Accessibility AU - Mohd Thas Thaker, Hassanudin AU - Kanan, Chandra Sakaran T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - This study attempts to provide some understanding of SMEs’ access to finance in Malaysia using Islamic finance and its successfulness. The innovation that taking place in the Malaysia financial landscape has benefits the SMEs in accessing financial assistance without relying on the traditional mode of financing. The role of government of Malaysia is also undisputable in supporting the progression of SMEs via various policy implementation. Apparently, in the context of Indonesia, the role SMEs is also undeniable in boosting up the growth of Indonesian economy. Statistically speaking, SMEs in Indonesia represent about 99 percent in all economic sector and involved labor participation of almost 95 percent. Although the contributions are wider, the issue of financial accessibility still becomes one of the main hurdles that block the development of SMEs in Indonesia. Therefore, the present study has used content analysis to critically look at the success of SMEs financing in Malaysia based on Islamic financing provides some recommendations based on Malaysian SMEs financing successfulness for Indonesian authority to further restructure and enhance their existing financial assistance to the SMEs based on Islamic financing. DA - 2019/12/30/ PY - 2019 DO - 10.15408/aiq.v11i1.7343 DP - DOI.org (Crossref) VL - 11 IS - 2 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/7343 Y2 - 2021/06/23/01:34:25 ER - TY - JOUR TI - THE IMPLEMENTATION OF SALAM-CONTRACT FOR AGRICULTURE FINANCING THROUGH ISLAMIC-CORPORATE SOCIAL RESPONSIBILITY (CASE STUDY OF PADDY FARMERS IN TUBAN REGENCY INDONESIA) AU - Hudaifah, Ahmad AU - Tutuko, Bambang AU - Tjiptohadi, Sawarjuwono T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - This research is aimed at discovering a stable financial scheming formula or model that would be compatible with the natural characteristics of a paddy farming cycle in Tuban. The qualitative research employs the use of an active participatory community through the means of a focus group discussion, an in-depth interview and face to face interviews with respective stakeholders and key informants. The Salam contract, which is highly beneficial is a prospective financial scheme that terminates the long business chain found in most businesses in Indonesia. The Corporate Social Responsibility which is managed through the Syariah approach (I-CSR) from a company, can become the solution to bridge the gap found in the implementation of funds for a Salam contract. The Salam contract applicability is dependent on the Islamic farmer cooperatives (BMT), a unit of joint venture organization serving as the key players in the execution of the function of a paddy warehouse-trading agent and direct financing to farmers. Strong support also comes from the zakat, infāq, and shodaqoh institution (LAZ) whose role is educating and encouraging the paddy farmers’ skills and competency, especially to enable them access end-user markets using the aid of information technology. DA - 2019/12/30/ PY - 2019 DO - 10.15408/aiq.v11i2.10933 DP - DOI.org (Crossref) VL - 11 IS - 2 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/10933 Y2 - 2021/06/23/01:34:28 ER - TY - JOUR TI - SPIN OFF POLICY OF SHARIA BANK: IS IT PROFITABLE? AU - Rusydiana, Aam Slamet AU - Devi, Abrista AU - Hasib, Fatin AU - Rani, Lina T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - According to Law No 21/ 2008, a Sharia Business Unit (SBU) owned by a Conventional Commercial Bank (CCB) is required to separate from its Parent Bank before 2023. Some Sharia Business Units have initiated a separation step from Conventional Commercial Bank. At the same time, they are required to keep the level of efficiency in running their business operations. This paper is intended to analyze the efficiency level of Sharia Business Units that have separated from its parent bank and compare the efficiency level before and after separation. The method used is Data Envelopment Analysis (DEA) and Paired Sample t-Test. The results show that, based on the total average efficiency of all spin-off sharia banks (in this case four sharia banks namely BNI Sharia, BRI Sharia, BJB Sharia and Bukopin Sharia Bank), there is a decrease in technical efficiency and pure technical efficiency before and after the spin-off. This is a cost adjustment is needed in the early periods of spin-off. Sharia banks require a 'weaning' from their parents. Nevertheless, there is no statistically significant difference in the efficiency levels between before and after the spin-off. DA - 2019/12/30/ PY - 2019 DO - 10.15408/aiq.v11i2.9157 DP - DOI.org (Crossref) VL - 11 IS - 2 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - SPIN OFF POLICY OF SHARIA BANK UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/9157 Y2 - 2021/06/23/01:34:31 ER - TY - JOUR TI - Non-Performing Finance in Sharia Financial Institutions in Indonesia: A Case Study of BPRS Adeco (Aceh Development Corporation) AU - Hidayah, Nur AB - High level of Non-Performing Finance (NPF) has become one of the risks faced by intermediary financial institutions, including Islamic banks. Indonesia’s Financial Authority found that NPF ratio of Islamic banks is relatively higher (4,12%) that one of the conventional banks (OJK, 2017). Literature indicates the influence of the bank’s internal and external factors on high NPF. This study aims to analyze the factors that influence the high level of NPF and its settlement and strategies to reduce the level of NPF in Sharia Rural Banking (BPRS/Bank Perkreditan Rakyat Syariah). Taking BPRS Adeco (Aceh Development Corporate) located in Langsa City District, Aceh, as a case study, this research takes a qualitative approach. Through a survey to 26 BPRS Adeco employees and semi-structured interviews with four employees, this study found three factors leading to an increase in the NPF ratio, namely weak bank’s financing risk management, changing economic conditions and regulations, and the conditions of customers who are vulnerable to socio-economic change. DA - 2019/// PY - 2019 DP - Zotero VL - 11 SP - 18 LA - en ER - TY - JOUR TI - EFFECTS OF SERVICE QUALITY, CUSTOMER TRUST AND CUSTOMER RELIGIOUS COMMITMENT ON CUSTOMER SATISFACTION AND LOYALTY OF ISLAMIC BANKS IN EAST JAVA AU - Hidayat, Rachmad AU - Akhmad, Sabarudin AB - Effects of Service Quality, Customer Trust and Customer Religious Commitment on Customers Satisfaction and Loyalty of Islamic Banks in East Java. The purpose of the present study was to describe the relationships among service quality, customer trust and customer religious commitment on customer satisfaction and loyalty of Islamic banks in East Java. Respondents were Islamic banks’ customers domiciled in East Java. A predetermined number of samples were taken by the use of a simple random sampling technique. Analysis was performed using the Structural Equation Modeling (SEM). Results indicated that service quality and customer trust of Islamic banks jointly had significant effects on customer satisfaction. Service quality and customer trust had direct and indirect effects on customer loyalty mediated by satisfaction of Islamic banks’ customer in East Java. Religious commitment had no direct and indirect effect on customer satisfaction and customer loyalty. DA - 2015/// PY - 2015 DP - Zotero IS - 2 SP - 14 LA - en ER - TY - JOUR TI - FINANCIAL RATIO AND ITS INFLUENCE TO PROFITABILITY IN ISLAMIC BANKS AU - Amelia, Erika AB - Financial Ratio and Its Influence to Profitability in Islamic Banks. This research aims to analyze the influence of the Capital Adequacy Ratio (CAR), Non Performing Financing (NPF), Financing to Deposit Ratio (FDR) and Biaya Operasional Pendapatan Operasional (BOPO) to Return on Asset (ROA) in Bank Muamalat Indonesia and Bank Syariah Mega. The data analysis method used in this research is multiple regression analysis. From the test results show that the Capital Adequacy Ratio (CAR), Non Performing Financing (NPF), Financing to Deposit Ratio (FDR) and Biaya Operasional Pendapatan Operasional (BOPO) simultaneously effect to Return on Asset (ROA). Based on the test results of the t statistic was concluded that the Capital Adequacy Ratio (CAR), Non Performing Financing (NPF) and the Financing to Deposit Ratio (FDR) partially no significant effect to Return on Asset (ROA), while Biaya Operasional Pendapatan Operasional (BOPO) partially significant effect to Return on Asset (ROA). DA - 2015/// PY - 2015 DP - Zotero IS - 2 SP - 12 LA - en ER - TY - JOUR TI - Islamic Bank Service Quality and Its Impact on Indonesian Customers’ Satisfaction and Loyalty AU - Aisyah, Muniaty T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - Customers are still in doubt of its professionalism. Superiority in products and service quality remains in sufficient for customer satisfaction and loyalty. The data sets in this research were analyzed by using path analysis for testing the direct impact and sobel test for indirect impact. The result shows that Islamic bank service quality in Indonesia impacts customer satisfaction and loyalty. However, customer satisfaction does not impact customer loyalty, both directly and indirectly. It means that customers are still dissatisfied with the services provided by Islamic banks. This research recommends strategies for improving service quality and consumer confidence on the distinction of Islamic banking system. DA - 2018/05/10/ PY - 2018 DO - 10.15408/aiq.v10i2.7135 DP - DOI.org (Crossref) VL - 10 IS - 2 SP - 367 EP - 388 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/7135 Y2 - 2021/06/23/01:34:41 ER - TY - JOUR TI - Consumer Demand on Halal Cosmetics and Personal Care Products in Indonesia AU - Aisyah, Muniaty T2 - Al-Iqtishad: Journal of Islamic Economics AB - Consumers Demand on Halal Cosmetics and Personal Care Products in Indonesian. This research aims to analyze the influential factors involved in Moslem consumers’ decision to purchase halal cosmetics and personal care products in Indonesia by using the Theory of Planned Behavior. 100 questionnaires were analyzed using Structural Equation Modeling, collected from respondents of female consumers who purchased Wardah cosmetics and personal care products in South Jakarta and South Tangerang. The findings show that attitude, subjective norm, perceived behavioral control and purchase intention are positively related to the consumers’ decision to purchase halal cosmetics and personal care products. By addressing the consumers’ traits that can predict halal cosmetics and personal care products necessity, marketers could generate proper marketing strategies to validate consumers’ demand which in turn will stimulate the growth of halal products industry in Indonesia. DA - 2016/12/13/ PY - 2016 DO - 10.15408/aiq.v9i1.1867 DP - DOI.org (Crossref) VL - 9 IS - 1 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/1867 Y2 - 2021/06/23/01:34:44 ER - TY - JOUR TI - APPLICATION OF THEORY REASONED ACTION IN INTENTION TO USE ISLAMIC BANKING IN INDONESIA AU - Reni, Andi AU - Ahmad, Nor Hayati AB - Application of Theory Reasoned Action in Intention to Use Islamic Banking in Indonesia. This paper investigates the constructs of Theory of Reasoned Action (TRA), and Theory of Planned Behavior (TPB) (attitude, subjective norm, religion, knowledge, pricing, and government support) on customer behavioral intention and Islamic banking selection. This research using Partial Least Square Structural Equation Modeling with variables such as: attitude, subject norm, religion, knowledge and government support, and pricing. The result shows that attitude, subject norm, religion, knowledge and government support are statistically significant effect on intention to select Islamic bank in Indonesia. Pricing however is not significant. The results imply that Indonesian Islamic banks should strategize ways to develop positive attitude and reference amongst their customers through greater dissemination of knowledge about Islamic banking while emphasizing on the religious compliance. DA - 2016/// PY - 2016 DP - Zotero VL - 8 SP - 12 LA - en ER - TY - JOUR TI - Effectiveness of Zakah Targeting in Alleviating Poverty in Indonesia AU - Kasri, Rahmatina A T2 - Al-Iqtishad: Journal of Islamic Economics AB - Effectiveness of Zakah Targeting in Alleviating Poverty in Indonesia. Zakah is a unique Islamic institution targeted to eight groups of recipients with the aim to redistribute income, reduce poverty and achieve social welfare. However, the impacts and effectiveness of zakah targeting in reducing poverty is rarely measured. This is the main objective of the study. To achieve it, a survey was conducted to collect primary data from zakah recipients in Greater Jakarta Indonesia. The data were subsequently analysed by using descriptive and poverty index analyses. The main results suggest that the incidence, depth and severity of poverty amongst the recipients have decreased due to the contributions from zakah organizations. There are also indications that zakah has been distributed to the most disadvantaged people such as the uneducated and unemployed. The findings provide empirical evidence regarding positive contribution and effectiveness of zakah targeting in reducing poverty in Indonesia. Some policy implications of the findings are also highlighted to enrich discourses on the role of zakah in alleviating poverty in Muslim societies. DA - 2016/07/09/ PY - 2016 DO - 10.15408/aiq.v8i2.3005 DP - DOI.org (Crossref) VL - 8 IS - 2 SP - 169 EP - 188 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/3005 Y2 - 2021/06/23/01:34:54 ER - TY - JOUR TI - THE IMPACT OF SPIN-OFF POLICY TO THE PROFITABILITY ON INDONESIAN ISLAMIC BANKING INDUSTRY AU - Hamid, Abdul AB - The Impact of Spin-off Policy to The Profitability on Indonesian Islamic Banking Industry. The purpose of this paper is to analyze that the spinoff policy that based on Islamic Banking Act No. 21/2008 had an impact on the profitability ratio of Islamic banking industry in Indonesia. This research used ordinary least square regression. The variable used in this paper is spin-off which is used as a dummy variable, and also included the internal factor of industry such as deposit margin, non-performing financing (NPF), and efficiency ratio (measured by BOPO). The result showed that dummy variable of spin-off, NPF and BOPO had an impact on the profitability in Indonesian Islamic banking industry. The implication of this result is spin-off policy had a good impact on the profitability in Indonesian Islamic banking industry. According to this result, Bank Indonesia should stimulate the Islamic banking unit to spin-off from their parents conventional banks. DA - 2015/// PY - 2015 DP - Zotero IS - 1 SP - 10 LA - en ER - TY - JOUR TI - Comparing Efficiency and Productivity in Islamic Banking : Case Study Indonesia, Malaysia and Pakistan AU - Rodoni, Ahmad AU - Salim, M. Arskal AU - Amalia, Euis AU - Rakhmadi, Rezki Syahri T2 - Al-Iqtishad: Journal of Islamic Economics AB - Comparing Efficiency and Productivity in Islamic Banking: Case Study in Indonesia, Malaysia, and Pakistan. The objective of this research is to analyze both efficiency and productivity of Islamic Banking Industry in Indonesia, Malaysia and Pakistan. The technique that used in this research is Data Envelopment Analysis (DEA) as for measuring efficiency and thus Malmquist Index (MI) as for measuring productivity. The result of this research found that Islamic Banking Industry in Indonesia is facing inefficiency that shown by five years average that is not reach 100% efficiency rate. Malaysia also experiences the problem of inefficiency but the condition is better compared to Indonesia. In five years, the efficiency rate of Malaysia Islamic Bank has not reach 100% efficiency rate. Pakistan among the closest country that could reach an efficient rate level for their Islamic banks. Pakistan close to reach 100% efficient rate within the last five years. DA - 2017/05/06/ PY - 2017 DO - 10.15408/aiq.v9i2.5153 DP - DOI.org (Crossref) VL - 9 IS - 2 SP - 227 EP - 242 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Comparing Efficiency and Productivity in Islamic Banking UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/5153 Y2 - 2021/06/23/01:34:59 ER - TY - JOUR TI - ISSUES AND ECONOMIC ROLE OF WAQF IN HIGHER EDUCATION INSTITUTION: MALAYSIAN EXPERIENCE AU - Harun, Farra Munna AU - Possumah, Bayu Taufiq AB - Issues and Economic Role of Waqf in Higher Education Institution: Malaysian Experience. As early as 1980, the Malaysian federal government’s spending on education, was the highest in East Asia and higher than the OECD average of 3.4% of GDP. This demonstrates that the Malaysian Government has big expenses from educational sector and respectively is amenability for Malaysian economic budget. In other side Waqf in Malaysia is one of large financial source that has not been fully explored. By using qualitative methodology through content analysis this paper attempt to explore the issues and economic role of Waqf in Malaysia, especially in Higher Education Institution (HEI) and attempt to study how Waqf fund empowering the education. This study found that taking the que from the institutions of Waqf, the exploration and development of waqf fund can be exalarate through the formation of formal organizations at state and federal level and rearrange the Malaysian educational budget and policy to support the better quality of HEI. DA - 2016/// PY - 2016 DP - Zotero VL - 8 SP - 20 LA - en ER - TY - JOUR TI - The Indonesian Islamic Bank’s Spin-off: A Study in Regional Development Banks AU - Haribowo, Ismawati T2 - Al-Iqtishad: Journal of Islamic Economics AB - The Indonesian Islamic Bank’s Spin-Off: A Study in Regional Development Banks. The Islamic banking spin-off became a major issue after the establishment of the Act No. 21 of 2008. The problem that arises according to this spin-off is the existence of sharia unit that owned by the regional development banks, which is almost the banks has a small size. This paper is going to evaluate the spin-off criteria are regional development banks, besides that this article is going to analyze the spin-off strategy that can use by sharia unit that owned by the regional development bank. The techniques that employed in this paper are ARIMA, simulation, and descriptive-qualitative. The result shows that there is no sharia unit can achieve the 50% share asset of its parents. There are also several strategies that can be used by the sharia unit. The main thing that should emphasize is the Islamic bank's spin-off is only one of the policies that can be taken to develop the Islamic banking industry. DA - 2016/12/13/ PY - 2016 DO - 10.15408/aiq.v9i1.4308 DP - DOI.org (Crossref) VL - 9 IS - 1 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - The Indonesian Islamic Bank’s Spin-off UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/4308 Y2 - 2021/06/23/01:35:06 ER - TY - JOUR TI - Strategic Approcah for Optimizing of Zakah Institution Performance: Customer Relationship Management AU - Widarwati, Estu AU - Afif, Nur Choirul AU - Zazim, Muhamad T2 - Al-Iqtishad: Journal of Islamic Economics AB - Strategic Approach for Optimizing of Zakah Institution Performance: Customer Relationship Management. Zakahh is part of the Indonesian economy, which requires the development and structuring. The funds of zakah must be well managed by organizational zakah system which should be improved its performance. Therefore, there is a need of new approach concerning the zakah management based on muzakki’s behavior as an important resource in zakah institution. This paper explores the role of Customer Relationship Management (CRM) in zakah institution linked the important of muzakki’s contribution who use services of its. Then it aims to expand the understanding about how CRM as one of strategic approach for organization such zakah institution to improve its performance which employes three main aspect of CRM, which are form of personnel (behavior of personnel), business process, and using technology. Furthermore, this paper tries to depict how CRM is able to raise the zakah funds collection from Moslem society especially Middle Class Moslem in Indonesia by customer (muzakki) satisfaction and cost reduction of zakah institution. DA - 2016/12/13/ PY - 2016 DO - 10.15408/aiq.v9i1.4010 DP - DOI.org (Crossref) VL - 9 IS - 1 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Strategic Approcah for Optimizing of Zakah Institution Performance UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/4010 Y2 - 2021/06/23/01:35:09 ER - TY - JOUR TI - The Efficiency of Zakah Institutions Using Data Envelopment Analysis AU - Rusydiana, Aam Slamet AU - Al Farisi, Salman T2 - Al-Iqtishad: Journal of Islamic Economics AB - The Efficiency of Zakah Institutions Using Data Envelopment Analysis. Although social based, but in its management the Zakah Institutions need to uphold professionalism, transparency and accountability. Most recently, in the measurement of the effectiveness of the management of zakah fund, known Zakah Core Principles concept. This study would try to measure the efficiency of 3 (three) Zakah Institutions with Data Envelopment Analysis (DEA) method. Banxia Frontier Analyst 3.1 used in data calculation. The calculation of the level of Zakah Institutions efficiency in this study are relative, not absolute. The results show that there is 12 fully efficient Decision Making Unit (DMU) Zakah Institution (100% efficient) and 6 DMU inefficient. The main factor inefficiency Zakah Institution from 2007 to 2014 due to the distribution of zakah funds to ashnaf. It is still less than optimal. So it has not been able to resolve the problem of poverty. DA - 2016/07/09/ PY - 2016 DO - 10.15408/aiq.v8i2.2876 DP - DOI.org (Crossref) VL - 8 IS - 2 SP - 213 EP - 226 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/2876 Y2 - 2021/06/23/01:35:12 ER - TY - JOUR TI - Strategy of BAZNAS and Laku Pandai For Collecting and Distributing Zakah in Indonesia AU - Andiani, Kartika AU - Hafidhuddin, Didin AU - Beik, Irfan Syauqi AU - Ali, Khalifah Muhamad T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - As an important and potential instrument for national development, Zakah will continue to require development innovations. One of the innovation is through cooperation between BAZNAS and Laku Pandai which aims to achieve Zakah inclusion so that the collection and distribution of Zakah in Indonesia can increase. This study aims to analyze the strategic priorities for BAZNAS in running cooperation with Laku Pandai. This study used SWOT-ANP method with respondents as many as five expert respondents. The strategies derived from this research are the result of the formulation of a combination of SWOT factors. The main findings of this study indicate that the main priority of the overall strategy is strengthening the synergy of BAZNAS with the Laku Pandai of sharia banking. DA - 2018/05/10/ PY - 2018 DO - 10.15408/aiq.v10i2.6943 DP - DOI.org (Crossref) VL - 10 IS - 2 SP - 417 EP - 440 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/6943 Y2 - 2021/06/23/01:35:15 ER - TY - JOUR TI - PEER GROUP EFFECTS ON MOSLEM CONSUMER’S DECISION TO PURCHASE HALAL-LABELED COSMETICS AU - Aisyah, Muniaty AB - Peer Group Effects on Moslem Consumer’s Decision To Purchase Halal Labeled Cosmetics. The purposes of this research are to analyze peer group effects on Moslem consumers’decision to purchase halal-labeled cosmetics directly and indirectly which is mediated by consumers’ religious behavior. This research applies Structural Equation Model and convenience random sampling with 215 samples who have bought halal-labeled cosmeticsand live in Southern Tangerang. The findings show that: first, peer groupdirectly affect consumers’ decisionto purchase halal-labeled cosmetics; second, hablumminannas behavior mediates peer group and consumers’decision to purchase halal-labeled cosmeticsindirectly, third, hablumminallah behavior has the most dominant effect on Moslem consumers’ decision to purchase halal-labeled cosmetics. Based on the findings, it could be concluded that the reason of consumers’ decision to purchase halal-labeled cosmetics is because their religious behavior are high. Therefore, it is suggested that government and related institutions need to implement the Security Act of Halal Products immediately in order to protect the consumer from consuming non-halal products. DA - 2015/// PY - 2015 DP - Zotero IS - 2 SP - 16 LA - en ER - TY - JOUR TI - Effective Zakat Distribution: Highlighting Few Issues and Gaps in Kedah, Malaysia AU - Al Haq, M Ashraf AU - Abd. Wahab, Norazlina Binti T2 - Al-Iqtishad: Journal of Islamic Economics AB - Effective Zakah Distribution: Highlighting Few Issues and Gaps in Kedah, Malaysia. The aim of this paper is to identify what are the impediments in implementing an effective Zakah distribution in Kedah, Malaysia. Auspiciously, post-colonial Malaysia is experiencing robustness in terms of Zakah collections, as the statistics are currently signifying, but at the same breath the degree of effectiveness in Zakah distribution has not been providentially catching that optimistic evolution. And even if, the Zakah is duly distributed, the point to note is that the effectivity of that distribution has indubitably remained in question. So this gap is an issue that has been observed by the givers, and if the collection is to increase further, the issue of effectivity in Zakah distribution needs to show a healthier trend to convince these worried payers. The implications of resolving the issues discussed below may assist to enhance this sector, if timely addressed and taken applicable measures for remediation. DA - 2017/05/06/ PY - 2017 DO - 10.15408/aiq.v9i2.4002 DP - DOI.org (Crossref) VL - 9 IS - 2 SP - 259 EP - 288 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Effective Zakat Distribution UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/4002 Y2 - 2021/06/23/01:35:20 ER - TY - JOUR TI - EFFICIENCY AND PROFITABILITY ON INDONESIAN ISLAMIC BANKING INDUSTRY AU - Hossen, M Nadratuzaman AU - Rahmawati, Rafika T2 - Al-Iqtishad: Journal of Islamic Economics AB - Efficiency and Profitability On Indonesian Islamic Banking Industry. The aims of this study are to know the level of efficiency and profitability among Islamic full pledge Banks in Indonesia. Using parametric approach namely Stochastic Frontier Approach (SFA) to calculate efficiency and using ROA’s ratio to calculate profitability. The result showed that the BMS was the greatest level of efficiency among Islamic Banks in Indonesia which influence the input and output level of efficiency of BMS are personnel expenses, cost-sharing expenses, and total financing which owned. Besides, the result showed that it was the greatest level of profitability which factors influencing of profitability of BMS is BOPO’s ratio. The result also showed that the BMI had low efficiency but sufficient profitability. It has sufficient efficiency and high profitability, the BMS have sufficient efficiency and profitability, the BRIS have low efficiency and profitability, and the BSB have high efficiency and low profitability. DA - 2016/02/03/ PY - 2016 DO - 10.15408/aiq.v8i1.1866 DP - DOI.org (Crossref) VL - 8 IS - 1 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/1866 Y2 - 2021/06/23/01:35:23 ER - TY - JOUR TI - Fundraising Strategies to Optimize Zakat Potential in Indonesia: An Exploratory Qualitative Study AU - Kasri, Rahmatina Awaliyah AU - Putri, Niken Iwani S T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - This paper aims to identify and evaluate fundraising strategies implemented by various types of zakah institutions in Indonesia. The study employs a qualitative research approach through semi-structured interviews with zakah organizations in Indonesia. The main finding suggests some differences in the fundraising strategies. Corporate and government zakah agencies tend to use traditional fundraising strategies, with a partnership approach for collecting zakah and a community-oriented approach for communicating zakah. In contrast, private zakah agencies tend to use market-oriented fundraising strategies allied with retail collection approach and an individual communication approach. DA - 2018/01/01/ PY - 2018 DO - 10.15408/aiq.v10i1.6191 DP - DOI.org (Crossref) VL - 10 IS - 1 SP - 1 EP - 24 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Fundraising Strategies to Optimize Zakat Potential in Indonesia UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/6191 Y2 - 2021/06/23/01:35:26 ER - TY - JOUR TI - Determinants of Liquidity Risk in Indonesian Islamic and Conventional Banks: A Panel Regression AU - Sukmana, Raditya AU - Suryaningtyas, Sari T2 - Al-Iqtishad: Journal of Islamic Economics AB - Determinants of Liquidity Risk in Indonesian Islamic and Conventional Banks. The purpose of the study is to examine the causes of the liquidity risk in Islamic and conventional banks in Indonesia using panel data regression method. The study found the significant and positive relation of ROA and NPF with the liquidity risk, whereas the negative and significant relation of CAR with the liquidity risk in Indonesian Conventional Banks. Meanwhile in Islamic banks, CAR result significantly positive effect on liquidity risk, while ROA shows negative and significant result. Possible explanation for this is that, given the huge profit by the conventional banks, it has more chance to allocate it as liquidity reserve as well as increasing the facilities (improvement on technology). When the NPL is high, conventional banks will increase the liquid assets as a buffer. Unlike that of conventional banks, the Islamic banks in Indonesia might allocate capital as liquidity reserves and might allocate ROA in fixed assets or financing or technology. The result confirm that the role of capital and bank’s performance in indeed important to the banking liquidity. DA - 2016/07/09/ PY - 2016 DO - 10.15408/aiq.v8i2.2871 DP - DOI.org (Crossref) VL - 8 IS - 2 SP - 187 EP - 200 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Determinants of Liquidity Risk in Indonesian Islamic and Conventional Banks UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/2871 Y2 - 2021/06/23/01:35:29 ER - TY - JOUR TI - Lessons Learned of Zakat Management from Different Era and Countries AU - Masyita, Dian T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - Zakah and its problems are as old as the Islamic civilization. This Islamic financial instrument is mandatory for Muslims who are capable and expected to reduce the poverty of the people. The potential of zakah in Indonesia reaching 217 trillion rupiah Indonesia’s GDP should be able to be explored and distributed to Indonesian Muslims as effectively as possible. Potential only remains just a potential if it is not able to be realized into zakah funds collection that is ready to be distributed to the recipient who is entitled to receive it. The concept of localization/ decentralization can be considered as the best way in zakah disbursement. The concept of localization/zoning or decentralization in the distribution of zakah funds closely matches the concept of Sharma in the tax disbursement issue that states that the transfer of power, resources and responsibilities from the center to the regions is more effective in alleviating poverty in Indonesia. DA - 2018/05/10/ PY - 2018 DO - 10.15408/aiq.v10i2.7237 DP - DOI.org (Crossref) VL - 10 IS - 2 SP - 441 EP - 456 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/7237 Y2 - 2021/06/23/01:35:33 ER - TY - JOUR TI - HUMAN RESOURCES DEVELOPMENT OF SHARIA BANKING: PHENOMENOLOGICAL APPROACH AU - Yusuf, Burhanuddin DA - 2015/// PY - 2015 DP - Zotero IS - 2 SP - 10 LA - en ER - TY - JOUR TI - THE ROLE OF RELIGIOUS NORMS ON SELECTING THE ISLAMIC BANK AU - Usman, Hardius AB - The Role of Religious Norm in Selection of Islamic Banking. The aims of this study are to examine Muslim’s religious norms regarding to their belief on the law of the prohibition of bank interest, and to investigate the effect of religius norms on customers’ decision in using the Islamic banking services. This study employs natural experimental design with Analysis of Variance (ANOVA), and Pearson Chi-Square Test. The exploratory study also conducted to support the quantitative analysis. The results show that the religious norms among Muslims classified into two categories, i.e: traditional and contemporary group and the religious norm of the Muslim have significant affects on the decision in using the Islamic banks. DA - 2015/// PY - 2015 DP - Zotero IS - 1 SP - 14 LA - en ER - TY - JOUR TI - Islamic Work Ethics and Audit Opinions: Audit Professionalism and Dysfunctional Behavior as Intervening Variables AU - Suryanto, Tulus T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - This study examinesthe relationship between Islamic work ethics and auditors’ opinion, focusing onthe aspects of audit professionalism and dysfunctional behavior as interveningvariables. The research involved in Internal Auditors working of Islamic Bankingindustry in Sumatra Island. A questionnaire was used for data collection. Thestudy represents the empirical test employing census sampling. The data collectedwere analysed using Amos. The results of the study confirmed the three hypothesesexamined: there is a positive corelation between Islamic work ethics and auditors’opinions; auditors’ professionalism is an intervening variable of the correlationbetween Islamic work ethics and auditors’ opinions and dysfunctional behavioris a negative intervening variable of the correlation between Islamic Work Ethicsand auditors’ opinionsDOI: 10.15408/aiq.v8i1.2508 DA - 2016/01/10/ PY - 2016 DO - 10.15408/aiq.v8i1.2508 DP - DOI.org (Crossref) VL - 8 IS - 1 SP - 49 EP - 64 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Islamic Work Ethics and Audit Opinions UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/2508 Y2 - 2021/06/23/01:35:40 ER - TY - JOUR TI - Testing of The Gold’s Role as a Safe Haven and Hedge for Sharia Stocks in Indonesia AU - Robiyanto, R. T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - Gold as a commodity, since ancient time, is always viewed as a safe haven asset. This study tested the function of gold as a safe haven and hedge for sharia stocks in Indonesia. Data used in this study are a monthly closing of Jakarta Islamic Index (JII) on Indonesia Stock Exchange and monthly closing price of gold in the international market during May 2008 until September 2017. Data analysis was done by using OLS and QREG. The result of this study is gold can serve as a hedge for sharia stocks in Indonesia during the research period. The study further found that when extreme shocks occur in the Indonesian stock market, gold can serve as a safe haven asset for sharia stocks in Indonesia. Investor suggested shifting their assets into gold to secure their investment when stock market conditions experience a drastic decline. DA - 2018/05/10/ PY - 2018 DO - 10.15408/aiq.v10i2.6527 DP - DOI.org (Crossref) VL - 10 IS - 2 SP - 255 EP - 266 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/6527 Y2 - 2021/06/23/01:35:42 ER - TY - JOUR TI - Macroeconomic Variables, International Islamic Indices, and The Return Volatility in Jakarta Islamic Index AU - Pratama, Yoghi Citra AU - Azzis, Abdul T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - According to understand the behavior of Islamic equity markets the primary objective of this research is to analyze the effect of macroeconomic indicators and International Islamic Index on return volatility of Jakarta Islamic Index. The analysis method used in this study is AutoRegressive Conditional HeteroscedasticGeneralized AutoRegressive Conditional Heteroscedastic (ARCH-GARCH). The result of this research showed that all variables, i.e., BI rate, inflation rate, IDRUSD exchange rate, DJIUS index, DJIUK index, FTSJP index and FTSMY index have a simultaneously significant impact on return volatility of JII. While t-test results show that BI rate, IDR-USD exchange rate, DJIUK index and FTSMY index have a substantial effect on return volatility of JII. DA - 2018/01/01/ PY - 2018 DO - 10.15408/aiq.v10i1.5550 DP - DOI.org (Crossref) VL - 10 IS - 1 SP - 171 EP - 188 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/5550 Y2 - 2021/06/23/01:35:45 ER - TY - JOUR TI - Risk and Return: Bonds and Sukuk in Indonesia AU - Rodoni, Ahmad AU - Setiawan, Aris T2 - Al-Iqtishad: Journal of Islamic Economics AB - Risk And Return: Bonds And Sukuk In Indonesia. The aim of this research is to compare the degree of risk and return of bonds with sukuk, using several calculations magnitudes, which are, yield to maturity (YTM), Macaulay’s duration, and Value at Risk (VaR). The results of this study show that there is no significant difference between the YTM bonds and the YTM of emitted sukuk. Using the Macaulay’s duration formula to evaluate the duration of bonds and sukuk, the research found out that there is no significant difference in the duration of bonds and sukuk. However, the calculation and comparison of the VaR, showed a significant differences between bonds and sukuk , likewise either the comparison of the VaR of a sample group of bonds with a sample group of sukuk using k sample test. But by testing each group of the VaR of bonds sample group and sukuk sample group,the results show no significant differences. DA - 2016/07/09/ PY - 2016 DO - 10.15408/aiq.v8i2.3159 DP - DOI.org (Crossref) VL - 8 IS - 2 SP - 255 EP - 270 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Risk and Return UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/3159 Y2 - 2021/06/23/01:35:48 ER - TY - JOUR TI - Consumerism in Personal Finance: An Islamic Wealth Management Approach AU - Amanda, Farisah AU - Possumah, Bayu Taufiq AU - Firdaus, Achmad T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - The aims of this study are to understand the causes and impacts of consumerism on personal finance and find the solution to this problem by using Islamic wealth management. By using thematic analysis this study reviewing consumerism from the perspective of personal finance in Islamic wealth management approach. This study found that the causes of consumerism involve both external and internal factors. The impacts of consumerism on personal finance are the debt trap, no productive and charity allocation. An exact number of maximum consumption cannot be set for every individual or family, but they are all agreed that allocating income should be based on the right priority scale. The second finding is we propose Islamic Wealth Management (IWM) approaches in reducing the problem of Consumerism. DA - 2018/05/10/ PY - 2018 DO - 10.15408/aiq.v10i2.5518 DP - DOI.org (Crossref) VL - 10 IS - 2 SP - 325 EP - 340 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Consumerism in Personal Finance UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/5518 Y2 - 2021/06/23/01:35:53 ER - TY - JOUR TI - Islamic Insurance: A Potential Niche Market of Indonesia AU - Effendi, Jaenal T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - Islamic insurance in Indonesia is potentially expected to grow along with the increase in Islamic financial market. Hence, this paper aims to develop strategy and policy recommendations for stakeholders of Islamic insurance industry in Indonesia. This article applied ANP approach by classifying it into three aspects, namely problem, solution, and strategy. Problem and solution aspects consist of four clusters including internal, customer, competition, as well as regulation. Also, strategy offered is the strategy to improve the quality of service, strategy to develop the relationship and synergy between the authorities and the Islamic Financial Institutions. DA - 2018/01/01/ PY - 2018 DO - 10.15408/aiq.v10i1.5330 DP - DOI.org (Crossref) VL - 10 IS - 1 SP - 207 EP - 230 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Islamic Insurance UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/5330 Y2 - 2021/06/23/01:35:56 ER - TY - JOUR TI - Islamic Banking and Green Banking for Sustainable Development: Evidence from Bangladesh AU - Uddin, Mohammad Nazim AU - Ahmmed, Monir T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - Green banking is an integral part of Islamic banking that makes a basis of environmental protection. This study attempts to examine the relationship between Islamic banking and green banking that contribute to sustainable development. The study has used the primary data through a structural questionnaire that includes various dimensions on green banking of Islamic banking in Bangladesh. The investigation revealed that Islamic banks had made a significant contribution to green banking that improves the environment as means of cost and energy savings, preservation of natural resources and the need to respect all living things. The study seems to carry an enormous academic value since a few studies have undertaken in this area. DA - 2018/01/01/ PY - 2018 DO - 10.15408/aiq.v10i1.4563 DP - DOI.org (Crossref) VL - 10 IS - 1 SP - 97 EP - 114 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Islamic Banking and Green Banking for Sustainable Development UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/4563 Y2 - 2021/06/23/01:35:59 ER - TY - JOUR TI - RISK OF PROFIT LOSS SHARING FINANCING: THE CASE OF INDONESIA AU - Ernawati, Ernawati T2 - Al-Iqtishad: Journal of Islamic Economics AB - Risk of Profit Loss Sharing Financing: The Case of Indonesia. This study analyzes the risk of profit-and-loss sharing finance in Indonesian Islamic banking. Data used is secondary data obtained from the Financial Services Authority’s 2009-2014 publication. Financing risk is measured by risk return and opportunity cost. Results of the study show that risk return in mudharaba financing is more volatile than that in musharaka as it is potentially driven by agency problems. In all groups of banks, higher incomes are more promising in mudharaba than musharaka; but individually musharaka is more attractive to Islamic Rural Bank groups, and vice versa for the Sharia Bank groups. The one side it is more secure for Islamic banking to allocate funds in musharaka contract, which is an alternative to murabaha. However, musharaka contract is less attractive due to lower potential returns. Although high returns are more promising in mudaraba, this financing mode has higher risk of returns. DA - 2016/02/10/ PY - 2016 DO - 10.15408/aiq.v8i1.2511 DP - DOI.org (Crossref) VL - 8 IS - 1 SP - 101 EP - 116 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - RISK OF PROFIT LOSS SHARING FINANCING UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/2511 Y2 - 2021/06/23/01:36:02 ER - TY - JOUR TI - Dual Monetary System and Macroeconomic Performance in Indonesia AU - Herianingrum, Sri AU - Syapriatama, Imronjana T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - Dual Monetary System and Macroeconomic Performance in Indonesia. This research aims to evaluate the impact of dual monetary policy shock on macroeconomic indicators of Indonesia: growth and inflation. In addition, this study will also examine whether conventional monetary policy has a particular impact upon Islamic banking sector. This research apply VAR (vector auto regressive) method on monthly data from Bank Of Indonesia during the period of January 2010 to December 2013. The result of IRF explain that the interest rate channel find the hard way to accomplished the macroeconomic goals while the Islamic monetary instrument indicates the potential growth of output and hold the inflation low. The result of VDC describes that the Islamic instrument still affected by conventional monetary policy because of slow development in Islamic monetary system. DA - 2016/01/10/ PY - 2016 DO - 10.15408/aiq.v8i1.2509 DP - DOI.org (Crossref) VL - 8 IS - 1 SP - 65 EP - 80 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/2509 Y2 - 2021/06/23/01:36:05 ER - TY - JOUR TI - EVALUATING THE MODELS OF SHARIA MICROFINANCE IN INDONESIA: AN ANALYTICAL NETWORK PROCESS (ANP) APPROACH AU - Amalia, Euis AU - Atiqah, Mahmudah AB - Evaluating The Models of Sharia Microfinance in Indonesia: An Analytical Network Process (ANP) Approach. This study focuses on evaluating the performances of three sharia microfinance models, i.e. cooperative model represented by BMT al Fath, Grameen model represented by MBK, Ltd.co, and mixed model represented by Baytul Amanah Ikhtiar cooperative. ANP approach is used to evaluate the performances of those models from five important aspects (clusters) as the determiners, such as human resource, finance, management, sharia compliance, and marketing. The findings of this research show that the most important aspect (priority) among the clusters is human resource. Thus, the best strategy is the mixed-based; the model which integrates the cooperative system with grameen system. It becomes the best model inasmuch as it implements values of both co ownership and co responsibility, in addition to power of collectivity resulting in no cash collateral. DA - 2015/// PY - 2015 DP - Zotero IS - 1 SP - 18 LA - en ER - TY - JOUR TI - VOLATILITY OF JAKARTA ISLAMIC INDEX AU - Tanjung, Hendri AB - Volatility of Jakarta Islamic Index. This study investigates the volatility of Jakarta Islamic Index (JII) in Jakarta Stock Exchange. The method that used in this research is used a simple statistical analysis. The normality of JII return is analyzed to answer whether the return of JII follows normal distribution. By using data of Jakarta Islamic Index from 2nd March 2009 to 30th October 2013 (1122 daily data), it is found that the distribution of return of JII is not normal, even the 5 sigma occurred. This means the return of Jakarta Islamic Index is much volatile than the theory predicted. This will make too much gain or loss in one day in the economy. DA - 2014/// PY - 2014 DP - Zotero IS - 2 SP - 16 LA - en ER - TY - JOUR TI - Causal Relationship Between Islamic Bonds, Oil Price and Precious Metals: Evidence From Asia Pacific AU - Widad, Metadjer AU - Hadjer, Boulila T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - Sukuk or Islamic bonds as new “Halal” securities had wildly expanded in Muslim and non-Muslim capital markets. So, this study aims to investigate the causal relationship between Islamic bonds (sukuk), oil and precious metals “silver and gold” prices in Asia pacific. This study used VAR model relying on daily data. The findings of Granger causality test and impulse-responses analysis results provide substantial evidence in favor of the relation between sukuk and the commodity market variables (oil, gold, and silver) meanwhile and unlike many empirical studies, don’t we have found that oil doesn’t cause changes in precious metals prices. Therefore, the idea that Islamic financial markets provide diversification benefits and they are safe havens during oil crisis cannot be supported empirically. DA - 2018/05/10/ PY - 2018 DO - 10.15408/aiq.v10i2.7171 DP - DOI.org (Crossref) VL - 10 IS - 2 SP - 285 EP - 298 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Causal Relationship Between Islamic Bonds, Oil Price and Precious Metals UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/7171 Y2 - 2021/06/23/01:36:12 ER - TY - JOUR TI - Asymmetric Information and Non-Performing Financing: Study in The Indonesian Islamic Banking Industry AU - Rodoni, Ahmad AU - Yaman, Bahrul T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - The purposes of this study are: First, to analyze the indications of moral hazard and adverse selection on Indonesian Islamic commercial banks. Second, to analyze the influence of moral hazard and adverse selection on the Non Performance Financing of Indonesian Islamic banks. This study uses Error Correction Model (ECM) as a tool of analaysis. The results show that the indications of moral hazard have a positive effect on the non-performing financing (NPF) in the short run. The indication of the presence of moral hazard occurs at the long run on GDP variable, and the allocation of Murabaha financing (RM) has a positive effect on the mudharabah (FM) profit and loss sharing. The test results also show that adverse selection that represented by the profit sharing rate (PSR) has a positive effect on the level of risk sharing toward non-performing financing (NPF) in the long run. DA - 2018/05/10/ PY - 2018 DO - 10.15408/aiq.v10i2.7392 DP - DOI.org (Crossref) VL - 10 IS - 2 SP - 430 EP - 416 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Asymmetric Information and Non-Performing Financing UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/7392 Y2 - 2021/06/23/01:36:14 ER - TY - JOUR TI - Currency System and Its Impact on Economic Stability AU - Saharuddin, Desmadi AU - Rama, Ali T2 - Al-Iqtishad: Journal of Islamic Economics AB - Currency System And It’s Impact On Economic Stability. A number of economic problems that occurred during the power of Mamluk (1250-1517 AD) was considered as a result of the change to currency system, namely from the system of commodity-based money (gold and silver) into paper-based money (fiat). Instability prices, decrease of trading activities, high of unemployment number were a number of economic indicators that occurred at that time. This issue of macro-economy was considered as a result of changes in the money system. This study analyzes the dynamic relationship between the price of gold as a representation of commodity money system and M2 as a representation of fiat money against the stability of economic indicators such as inflation, economic growth, stock prices, and unemployment and interest rates. This study found that both systems not vary significantly against each other in its influence on macroeconomic variables. It means that the two systems do not have contrast distinction. Indeed, it was found that the commodity-based money system is not free of inflation, as propagated by the supporters of the dinar and dirham (dinarist). DA - 2017/05/06/ PY - 2017 DO - 10.15408/aiq.v9i2.4749 DP - DOI.org (Crossref) VL - 9 IS - 2 SP - 289 EP - 310 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/4749 Y2 - 2021/06/23/01:36:18 ER - TY - JOUR TI - Islamic Bank Listed in Financial Market: Risk, Governance, Earning, and Capital AU - Budiman, Teguh AU - Kristanti, Farida Titik AU - Wardhana, Wardhana T2 - Al-Iqtishad: Journal of Islamic Economics AB - Islamic Bank Listed in Financial Market: Risk, Governance, Earning, and Capital. Islamic Bank is a bank that applies Islamic principles in running the business. Until 2015, there were 12 Islamic Bank in Indonesia; one of them already listed on the stock market. The purpose of this study was to analyze differences in the bank's soundness was assessed using a bank's risk profile, good corporate governance, income, and capital (RGEC) between listed Islamic Banks and the unlisted ones. Using the data period 2011-2015 used the independent t-test to test for differences. Statistical tests showed that there is no significant difference in credit risk as measured by NPF and Earning as measured by BOPO that represent cost efficiency between the two groups of companies. Listed Islamic banks have lower credit risk and greater efficiency than the unlisted ones. DA - 2016/12/13/ PY - 2016 DO - 10.15408/aiq.v9i1.4011 DP - DOI.org (Crossref) VL - 9 IS - 1 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Islamic Bank Listed in Financial Market UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/4011 Y2 - 2021/06/23/01:36:20 ER - TY - JOUR TI - Business Process Reengineering Of Funding On Indonesia’s Islamic Banks AU - Nur Widigdo, Aslam Mei AU - Marimin, Marimin AU - Fahmi, Idqan AU - Beik, Irfan Syauqi T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - Business Process Reengineering of Funding on Indonesia’s Islamic Banks. This research attempts to analyze the value chain of Islamic banking business processes and to develop a business processes model on depositors’ funds in order to improve the performance of Islamic banks. Four models of Islamic banking operating in Indonesia are used as the objects of the study. This research applies qualitative study (exploratory) approach and utilizes primary data obtained from questionnaire and interviews. This data are then processed by value stream mapping and process activity mapping. This study shows that the waiting time for services is the sub-stage of business process that does not have value added and categorized as pure waste based on VSM criteria. The reengineering of business process of the third party fundraising may reduce collection time up to 1490 minutes for corporate customer and 22 minutes for individual customer. DA - 2016/01/10/ PY - 2016 DO - 10.15408/aiq.v8i1.2506 DP - DOI.org (Crossref) VL - 8 IS - 1 SP - 19 EP - 32 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/2506 Y2 - 2021/06/23/01:36:23 ER - TY - JOUR TI - THE IMAGE OF FINANCIAL INSTITUTION AS ISLAMIC BANK IN MEDIATION SERVICE QUALITY AND CUSTOMER SATISFACTION ON CUSTOMER LOYALTY IN PURWOKERTO AU - Warsito, Chandra AB - The Image of Financial Institution as Islamic Bank In Mediation Service Quality and Customer Satisfaction on Customer Loyalty in Purwokerto. The paper aims to determine the effect of service quality on customer satisfaction, service quality, customer satisfaction and image on customer loyalty, quality of service to the company’s image, to determine the image of financial institutions in mediating the relationship variable quality of service and customer satisfaction on customer loyalty. The samples used were 110 customers and methods of analysis used is Structural Equation Modeling (SEM) test results find no significant effect of service quality on customer satisfaction; quality of service loyalty; customer satisfaction on customer loyalty; quality of service to the image of the company; customer satisfaction with the company’s image; and the image of the company loyalty; Image of financial institutions PT. BPRS BAS can be used as a variable relationship mediation variable service quality and customer satisfaction on customer loyalty. DA - 2015/// PY - 2015 DP - Zotero IS - 2 SP - 12 LA - en ER - TY - JOUR TI - Factors that Influenced People To Become Islamic Bank Customer: A study on Kancana Villagers AU - Sari, Indah Mulia AU - Wibowo, Hendro AU - Suprapto, Edy AB - Factors That Influenced People To Become Islamic Bank Customer: A Study on Kancana Villagers. Islamic finance and banking industry in Indonesia has shown a significant growth, average growth of 30% more per year in the last five years, with a total number of Islamic banks customers as much as 12 million accounts, or market share 4.8%. In this study, researchers attempt to describe the events in rural districts West Java related to the factors that influence people to become customers of Islamic banks. Data processing by tabulation and scoring and based on the analysis and discussion are carried out. The results of this study indicate that the Islamic bank customers’ data are mostly women in productive age with maximum a senior high school education and their profession up mostly are traders. Others reasearch results related to factors which influence people to become customers of Islamic banks were influenced by psychological, social, personal, economic and cultural factors. DA - 2015/// PY - 2015 DP - Zotero IS - 1 SP - 14 LA - en ER - TY - JOUR TI - A New Paradigm in Islamic Housing: Non-Bank Islamic Mortgage AU - Firmansyah, Egi Arvian AU - Gunardi, Ardi T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - An increasing demand for a sharia-compliant housing has resulted in a new initiative where the mortgage can presently be directly handled by the developer without involving the bank. This is called non-bank Islamic mortgage. This paper is aimed at portraying the consumer’s profile of non-bank Islamic mortgage and the issues of this practice. We disseminated questionnaires to the respondents in several cities in West Java who bought the house-using non-bank Islamic mortgage scheme. Subsequently, we synthesized the answers regarding their profiles and issues of the scheme for the betterment in the future. One of the issues of this scheme is the higher fraud because there is no rigorous credit scoring as conducted by the bank. The research of non-bank Islamic mortgage is still scant so this paper is expected to shed the light by contributing to the literature of Islamic home financing. DA - 2018/05/10/ PY - 2018 DO - 10.15408/aiq.v10i2.7274 DP - DOI.org (Crossref) VL - 10 IS - 2 SP - 313 EP - 324 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - A New Paradigm in Islamic Housing UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/7274 Y2 - 2021/06/23/01:36:31 ER - TY - JOUR TI - Consumer’s Preference and Awareness: Comparative Analysis between Conventional and Islamic Ijarah Auto Financing in Pakistan AU - Chhapra, Imran Umer AU - Ahmed, Afzal AU - Rehan, Raja AU - Hussain, Farasat T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - A healthy banking industry plays a vital role in the economic stability, and banks success depends on its products. Therefore, this study aims at cognizing the consumer’s preference and awareness of Islamic Ijarah over the conventional lease in Pakistan. This research used regression as tools of analysis. The findings indicate that convenience is the prime determinant for preference of Ijarah over the lease. Moreover, all other factors except religion also support in the motivate selection of Islamic banking products. Therefore, it can be concluded that in Pakistan, religion is not the only fact motivates individuals to prefer Ijarah. Based on findings, it is recommended to relevant stakeholders to create more awareness among masses about Ijarah and to further ease out policies in order to harness optimum benefit. DA - 2018/05/10/ PY - 2018 DO - 10.15408/aiq.v10i2.7106 DP - DOI.org (Crossref) VL - 10 IS - 2 SP - 389 EP - 402 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Consumer’s Preference and Awareness UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/7106 Y2 - 2021/06/23/01:36:34 ER - TY - JOUR TI - The Short-Run And Long-Run Relationship In The Indonesia Islamic Stock Returns AU - Majid, M Shabri Abd T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - The Short-Run and Long-Run Relationship in Indonesia Islamic Stock Returns. This paper aims at empirically examining the short-run and long-run causal relationship between the Indonesian Islamic stock returns and selected macroeconomic variables namely inflation, money supply and exchange rate during the pre- and post- 2008 global financial turmoil period from 2002 until 2007 and from 2008 until 2013 by using monthly data. The methodology used in this study is time series econometric techniques i.e. the unit root test, cointegration test, error correction model (ECM) and variance decompositions (VDCs). The findings showed that there is cointegration between Islamic stock prices and macroeconomic variables. The results suggest that inflation, money supply, and exchange rate significantly affected the Islamic stock returns in Indonesia. These variables should be taken into account by the policy makers as the important policy instruments in stabilizing Islamic stock markets in the country. DA - 2016/01/10/ PY - 2016 DO - 10.15408/aiq.v8i1.2505 DP - DOI.org (Crossref) VL - 8 IS - 1 SP - 1 EP - 18 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/2505 Y2 - 2021/06/23/01:36:37 ER - TY - JOUR TI - Zakah for Asnaf Al-Gharimun in Brunei Darussalam: Concepts and Practices AU - Abdullah, Rose AU - Haqqi, Abdurrahman Raden Aji T2 - Al-Iqtishad: Journal of Islamic Economics AB - Zakah for Asnaf Al-Gharimun in Brunei Darussalam: Concepts and Practices. This research paper discusses the concepts of debt in Islam in relation to the category of al-gharimun that entitle for receive zakah. The data from the authority department has shown an alarming increase in number of applicant for zakah under the category of asnaf Al-Gharimun. Why was the number increased and who are actually eligible to receive zakah under the category of Al-Gharimun? This paper tries to answer these questions. The concept of debt in al-Qur’an will be discussed and various discussions by Islamic scholars and researchers will be analysed. Data gathered from several officers of Islamic Religious Council of Brunei Darussalam through personal interviews. The phenomenon was due to misunderstanding and ignorant among the public with regards to what kind of debts that are eligible under the category of Al-Gharimun to receive zakah. DA - 2017/05/06/ PY - 2017 DO - 10.15408/aiq.v9i2.5092 DP - DOI.org (Crossref) VL - 9 IS - 2 SP - 243 EP - 258 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Zakah for Asnaf Al-Gharimun in Brunei Darussalam UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/5092 Y2 - 2021/06/23/01:36:40 ER - TY - JOUR TI - The Important Selection Criteria in Choosing Islamic Banks: A Survey in Bahrain AU - Al-Hadrami, Abdullah Hamzah AU - Hidayat, Sutan Emir AU - Al-Sharbti, Mohamed Isa T2 - Al-Iqtishad: Journal of Islamic Economics AB - The Important Selection Criteria in Choosing Islamic Banks: A Survey in Bahrain. Selection criteria of banks in general and Islamic banks in particular have been given high attention by the marketing researchers nowadays. But this kind of research is still insufficient in numbers especially in the developing countries. Therefore, this study aims to identify the important selection criteria that are considered by customers in selecting Islamic banks in the Kingdom of Bahrain. A 5-Likert scale survey questionnaire and ANOVA were used as the research method. The results indicate that the religious factors were ranked as the most important selection criteria for selecting Islamic banks. The study also found service quality factors as the second important selection criteria. This study is expected to provide Islamic banks in Bahrain with some inputs in setting up their marketing strategies in order to attract new customers and retain their existing customers. This study is also expected to add value to the literature by providing the updated empirical study in the area. DA - 2017/05/06/ PY - 2017 DO - 10.15408/aiq.v9i2.4635 DP - DOI.org (Crossref) VL - 9 IS - 2 SP - 165 EP - 184 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - The Important Selection Criteria in Choosing Islamic Banks UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/4635 Y2 - 2021/06/23/01:36:43 ER - TY - JOUR TI - Building an Early Warning Towards The Resilience of Islamic Banking in Indonesia AU - Kusuma, Dimas Bagus AU - Duasa, Jarita T2 - Al-Iqtishad: Journal of Islamic Economics AB - Building an Early Warning Towards the Resilience of Islamic Banking in Indonesia. An early warning system (EWS) is widely used as surveillance mechanism for preserving financial system stability. This paper addresses the issue of namely which macroeconomic indicators that are capable of signaling adverse shocks towards the resilience of Islamic banking in Indonesia. This research uses an extraction signal approach as EWS mechanism. The results suggest that there are several indicators that (1) IBRI, which is composed from standardized deposit and financing, is able to figure out the resilience of Islamic banking. The resilience of Islamic banking was considered stable since the index was moving below the normal line during the global financial crises, and (2) Some selected macro financial indicators, M2/reserve (M2res), credit growth (CG), real effective exchange rate (REER), and inflation rate (INF) empirically show low noise to signal ratio. It means that these four variables are capable of signaling vulnerabilities due to adverse external shocks. The paper recommends that the resilience of Islamic banking needs to be supported by the resilience in the real sector. DA - 2016/12/13/ PY - 2016 DO - 10.15408/aiq.v9i1.3881 DP - DOI.org (Crossref) VL - 9 IS - 1 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/3881 Y2 - 2021/06/23/01:36:46 ER - TY - JOUR TI - THE INTELLECTUAL CAPITAL EFFECT ON FINANCIAL PERFORMANCES AT ISLAMIC INSURANCE AU - Aji, Rizqon Halal Syah AB - The Intellectual Capital Effect on Financial Performances at Islamic Insurance. The research has analyzed the intellectual capital effect of the Islamic insurance company’s financial performance. Intellectual capital is quantified by VAICTM (Value Added Intellectual Capital), for efficiency components are physical capital coefficient (VACA), human capital coefficient (VAHU), and structural capital coefficient (STVA). Financial performance is quantified by ROA and RBC. Data is given from seven Islamic insurance companies during 2009-2013. Data analysis used is PLS (Partial Least Square). The result shows that intellectual capital factors had an affect the company’s financial performance. Intellectual capital relation to financial performance parameter value estimated coefficient 0,845 with t-statistic 46,771. VAICTM enables to elucidate financial performance variable 71, 6%, is by finding the R-square PERF value (financial performance) 0,716. DA - 2015/// PY - 2015 DP - Zotero IS - 2 SP - 16 LA - en ER - TY - JOUR TI - Financial Stability of Islamic versus Conventional Banks in Pakistan AU - Abrar, Tanveer AU - Ahmed, Farhan AU - Kashif, Muhammad T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - This study aims to analyze and compare the financial stability of Pakistani banks covering a timeframe of 5 years from 2012 to 2016. This study employs the financial soundness indicators of the International Monetary Funds and State Bank of Pakistan and the z-score index. The comparative analysis through average scores is performed using 3 indicators of financial stability namely Z-Score, Capital Adequacy Ratio (CAR) and Equity to Total Assets Ratio. The findings of the research reveal that (i) conventional banks are more financially stable than Islamic banks; (ii) large conventional banks are more financially stable than large Islamic banks; (iii) small Islamic banks are less stable than small conventional bank. The implication of this paper is that conventional banks have the potential of absorbing financial stability shock as compare to Islamic banks on the basis of stated financial soundness indicators and Z-Score specifically. DA - 2018/05/10/ PY - 2018 DO - 10.15408/aiq.v10i2.6500 DP - DOI.org (Crossref) VL - 10 IS - 2 SP - 341 EP - 366 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/6500 Y2 - 2021/06/23/01:36:52 ER - TY - JOUR TI - Fatwa and The Development of Islamic Financial Industry: A Lesson From Indonesia AU - Amin, Ma'ruf T2 - Al-Iqtishad: Journal of Islamic Economics AB - Fatwa and The Development of Sharia Financial Industry: A Lesson From Indonesia. This article is a critical study to analyze the impact of the Fatwa issued by Ulema of the Indonesian Ulema Council (MUI) against the Development of Sharia Financial Industry in Indonesia. The development of Sharia financial industry in Indonesia has been started since the early 1990s. But the most improved level of development was since 2003, when MUI issued a fatwa on the illegitimate Bank’s Interest. It was a necessity for the Ulema to perform ijtihad or istinbat laws in order to give a fatwa on his people. Ulema as the agents of social change oriented to make continuous improvements (islahiyyah) in the social -economic order, especially in the financial industry. Considering that the circulation of money in the community is a reflection of society, if the financial flows controlled by virtuous people then so the community. Conversely if the flows of finance are controlled by people who are not good, then the community became devastated. DA - 2017/05/06/ PY - 2017 DO - 10.15408/aiq.v9i2.5353 DP - DOI.org (Crossref) VL - 9 IS - 2 SP - 331 EP - 350 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Fatwa and The Development of Islamic Financial Industry UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/5353 Y2 - 2021/06/23/01:36:54 ER - TY - JOUR TI - Asset Liability Management of Conventional and Islamic Banks in Malaysia AU - Loon Mun, Yee AU - Mohd Thas Thaker, Hassanudin T2 - Al-Iqtishad: Journal of Islamic Economics AB - Asset Liability Management of Conventional and Islamic Banks in Malaysia. The objective of the paper is to investigate the effect of asset liability management on the financial performance of 6 conventional and 6 Islamic banks in Malaysia during the period of 2010 to 2013. The variables used in the study are capital adequacy, asset quality, management efficiency, earnings quality, liquidity, size of bank and degree of risk aversion in relation to asset liability management to examine the return on equity (ROE), which is the measure of profitability of the banks. The quantitative analysis using correlation and regression analysis concluded that there is a positive relationship between asset liability management and the financial performance of the banks. DA - 2016/12/13/ PY - 2016 DO - 10.15408/aiq.v9i1.3334 DP - DOI.org (Crossref) VL - 9 IS - 1 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/3334 Y2 - 2021/06/23/01:37:00 ER - TY - JOUR TI - The Patronage Behaviour of Islamic Bank’s Customers: Empirical Studies in Aceh AU - Abd. Majid, M. Shabri AU - Zulhanizar, Said T2 - Al-Iqtishad: Journal of Islamic Economics AB - The Patronage Behaviour of Islamic Bank’s Customers: Empirical Studies in Aceh. This study is aimed at empirically exploring the pertinent factors, which customers and non-customer perceive as germane to their selection of Islamic bank in Aceh, Indonesia. A sample of 300 customers and non-customer of Bank Aceh Syariah were selected based on the convenience sampling technique. Using the logistic regression technique, the study documented that the customers’ selection of the banks were influenced by the factors of banks’ characteristic, services and trust, shari’ah compliance, and physical objects. Of these factors, banks’ characteristic and shari’ah compliance were found to be the most pertinent factors perceived by the customers and non-customer to their selection of Islamic bank in Aceh, Indonesia. These findings imply that to attract more customers, the Islamic bank should enhance their unique characteristics and products’ compliance. DA - 2016/07/09/ PY - 2016 DO - 10.15408/aiq.v8i2.3139 DP - DOI.org (Crossref) VL - 8 IS - 2 SP - 201 EP - 212 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - The Patronage Behaviour of Islamic Bank’s Customers UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/3139 Y2 - 2021/06/23/01:37:03 ER - TY - JOUR TI - The Effect of Social Capital on Customer’s Repayment Rate at Islamic Microfinance Institution AU - Effendi, Jaenal AU - Utami, Annisa Rindra T2 - Al-Iqtishad: Journal of Islamic Economics AB - The Effect of Social Capital on Customer’s Repayment Rate at Islamic Microfinance Institution. The potency of Micro and Small Enterprises (MSEs) in Indonesia which is great, is not directly proportional to the ease of getting capital from formal financial institutions such as banks because it is not bankable. Meanwhile, microfinance institutions (MFIs) that provide financing to the MSEs are currently thriving. This condition exposes the existence of factors that cause the MFIs continuesly providing financing to MSEs which are not bankable. This research aims to analyze the effect of social capital toward the repayment rate of Islamic MFIs’ customers. The methods used in this research was the logistic regression. The results showed variable relationship with BMT employees, relations with other customers, and Islamic recitation had positive and significant effect toward the repayment rate of the customer. While recommendations, membership status, and travel time from home to the BMT had negative and significant effect. Variable outside the social capital indicator which is income rate had no significant effect. DA - 2016/07/09/ PY - 2016 DO - 10.15408/aiq.v8i2.2631 DP - DOI.org (Crossref) VL - 8 IS - 2 SP - 227 EP - 242 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/2631 Y2 - 2021/06/23/01:37:06 ER - TY - JOUR TI - THE DEVELOPMENT OF HUMAN RESOURCES IN ISLAMIC FINANCIAL INDUSTRIES FROM ECONOMIC AND ISLAMIC FINANCIAL GRADUATES AU - Huda, Nurul AU - Rini, Nova AU - Anggraini, Desti AU - Hudori, Khamim AU - Mardoni, Yosi T2 - Al-Iqtishad: Journal of Islamic Economics AB - The Development Of Human Resources In Islamic Financial Industries From Economic And Islamic Financial Graduates. The purpose of this article is to determine the absorption level of Islamic economics programme graduates into the Islamic financial industry, in Jakarta and West Java. This research used exploratory studies method and Alignment Index (AI). The overall research results, of 2011 until 2014 graduates showed a low level of absorption into Islamic finance industry. Research result showed absorption level in University of Muhammadiyah Prof. HAMKA is by 20%, Islamic University 45 bekasi absoption level continues to increase from year to year, and Juanda University Bogor absoption level is below 40%. This occured because the universities curriculum is still dominant in the application instead of the application of soft skills hardskill. DA - 2016/02/10/ PY - 2016 DO - 10.15408/aiq.v8i1.2512 DP - DOI.org (Crossref) VL - 8 IS - 1 SP - 117 EP - 136 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/2512 Y2 - 2021/06/23/01:37:09 ER - TY - JOUR TI - MAPPING AND CORRELATION ANALYSIS OF EFFICIENCY AND PROFITABILITY: THE CASE OF ISLAMIC RURAL BANK IN INDONESIA AU - Warninda, Titi Dewi AU - Hosen, M Nadratuzzaman AB - Mapping and Correlation Analysis of Efficiency and Profitability: The Case of Islamic Rural Bank in Indonesia. This research aims to analyze efficiency and profitability of Islamic Rural Banks in Indonesia using Variable Returns to Scale model of Data Envelopment Analysis and efficiency-profitability matrix. The results of this research show that most of Islamic Rural Banks are included in the Dog quadrant (high efficiency but low profitability) and Sleeper quadrant (low efficiency but high profitability). Meanwhile, the result of correlation analysis between efficiency and profitability indicates that efficiency has a negative correlation with profitability. Negative correlation of efficiency and profitability is in accordance with the result of efficiency-profitability matrix. The results of this research show that not all of Islamic Rural Bank which have high efficiency are also having high profitability. DA - 2015/// PY - 2015 DP - Zotero IS - 1 SP - 12 LA - en ER - TY - JOUR TI - THE ROLE OF INVESTMENT-BASED ISLAMIC CROWDFUNDING FOR HALAL MSMEs: EVIDENCE FROM INDONESIA AU - Abdullah, Zaki AU - Susamto, Akhmad Akbar T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - Investment-based crowdfunding can serve as an alternative financing tool for Micro, Small and Medium Enterprises (MSMEs) in Indonesia. The development of these services can also boost the progress of halal industry because both have integrated relationships. However, not all funding campaigns for crowdfunding services are successful. This study aims to analyze the development of Islamic crowdfunding business in Indonesia and factors affecting the success of funding campaigns in these services. Primary data obtained through interviews and literature review while secondary data is collected from 39 funding campaigns in 4 Islamic crowdfunding online services. Using a quantitative approach, it finds that funding target, campaign duration, payback periods and rate of return have positive effects on campaign success, while a minimum amount of investment has a negative effect. Finally, SWOT analysis was conducted to find out the challenges and opportunities for the halal industry in utilizing such Islamic crowdfunding service. DA - 2019/12/30/ PY - 2019 DO - 10.15408/aiq.v11i2.13623 DP - DOI.org (Crossref) VL - 11 IS - 2 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - THE ROLE OF INVESTMENT-BASED ISLAMIC CROWDFUNDING FOR HALAL MSMEs UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/13623 Y2 - 2021/06/23/01:37:14 ER - TY - JOUR TI - Shari’ah-Compliant E-Commerce Models and Consumer Trust AU - Ardiansyah, Muhammad Kholifatul I AU - Yunizar, Yunizar AU - Harsanto, Budi T2 - Al-Iqtishad: Journal of Islamic Economics AB - Shari’ah-Compliant E-Commerce Models and Consumer Trust. This study is aimed at finding out the real picture of Shari’ah-compliant E-commerce model and consumer trust in e-commerce today, analyzing its drawbacks, and finding out how they influence each other. Shari’ah-compliant E-commerce model is a model that describes how e-commerce should run in accordance with the provisions of the Shari’ah. Broadly speaking, e-commerce in the perspective of Shari’ah must comply with some rules, namely: 1. the form of the offer and transaction agreement; 2. the transacting parties (buyers and sellers); 3. Objects and prices in the transaction; 4. Free from major prohibitions in transactions. The sample in this study is Indonesian citizen who are consumers of e-commerce. This research uses descriptive and statistical methods with multiple linear regression model. This model is considered relevant and good to be studied in order to enlighten how e-commerce is currently in the perspective of Islam. DA - 2016/07/09/ PY - 2016 DO - 10.15408/aiq.v8i2.2913 DP - DOI.org (Crossref) VL - 8 IS - 2 SP - 243 EP - 254 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/2913 Y2 - 2021/06/23/01:37:17 ER - TY - JOUR TI - Islamic Banks Service Innovation Quality: Conceptual Model AU - Khan, Tahreem Noor T2 - Al-Iqtishad: Journal of Islamic Economics AB - Islamic Banks Service Innovation Quality: Conceptual Model. Customer perspectives and satisfaction level are considered important for analysing the performance of Islamic bank service quality. Sufficient researches has been done to explore customer perception and satisfaction level with Islamic banking service quality, however there is lack of data to compare and find the similarity in understanding the main determinant attributes needed for Islamic banking service quality. The purpose of this paper is to describe and integrate the results of existing wealth of research on service quality in Islamic banks. After weighing up all the views from existing research, common findings, concerns will be discussed. This research did not find much of information or studies indicating toward innovation in Islamic banking service quality. Thus based on review of the literature this paper suggests main key attributes of service for Islamic banks (RIBA Service IQ). This research strongly asserts that sincere motivation, truthful intention, dynamic and practical service innovation of quality approaches can uplift Islamic financial brand. DA - 2016/07/09/ PY - 2016 DO - 10.15408/aiq.v8i2.3161 DP - DOI.org (Crossref) VL - 8 IS - 2 SP - 287 EP - 306 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Islamic Banks Service Innovation Quality UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/3161 Y2 - 2021/06/23/01:37:20 ER - TY - JOUR TI - MACROECONOMIC VARIABLE AND ITS INFLUENCE ON PERFORMANCE OF INDONESIAN ISLAMIC BANKING AU - Pratama, Yoghi Citra AB - Macroeconomic Variables and Its Influence on Performance of Indonesian Islamic Banking. The purpose of this research is to analyze the macroeconomics variables that affect to the performance of Islamic banks in Indonesia. Methods used in this research is the Vector Auto regressive (VAR) / Vector Error correction model (VECM) to see the effect of the shock and the long-term effect on the performance of Islamic Banking. The results show that based on the analysis of IRF, the performance of Islamic banking having short-term shocks to fluctuations in macroeconomics variables but stable in the long term, and based on the variance decomposition, shocks of macro variables only gives little effect on the performance of Islamic banking. DA - 2015/// PY - 2015 DP - Zotero IS - 1 SP - 14 LA - en ER - TY - JOUR TI - THE CRITICAL ASPECT ON FAIR VALUE ACCOUNTING AND ITS IMPLICATION TO ISLAMIC FINANCIAL INSTITUTIONS AU - Majid, Jamaluddin AU - Haliding, Safri AB - The Critical Aspect on Fair Value Accounting And Its Implication To Islamic Financial Institutions. Fair value accounting (FVA) paradigm replaced the historical cost accounting (HCA) in the development of accounting standards that FVA is more relevant that HCA probably did not provide the real financial and income information. This paper tries to explore critical aspects of the fair value accounting and its implications to Islamic Financial Institutions implications. This study concludes that that fair value accounting measurement provides many critical aspects to be implemented to Islamic Financial Institutions (IFIs). AAOIFI proposed cash equivalent value as respond to fair value measurement that cash equivalent value when the attribute condition are present such as the relevance, reliability and understandability of the resulting information. DA - 2014/// PY - 2014 DP - Zotero IS - 2 SP - 22 LA - en ER - TY - JOUR TI - LIQUIDITY RISK ON BANKING INDUSTRY: COMPARATIVE STUDY BETWEEN ISLAMIC BANK AND CONVENTIONAL BANK IN INDONESIA AU - Muharam, Harjum AU - Kurnia, Hasna Penta AB - Liquidity Risk on Banking Industry: Comparative Study Between Islamic Bank and Conventional Bank in Indonesia. Conventional and Islamic banks approximately are similar in risk summary. Therefore it needs further observations to control their liquidity risk. This study investigates the influence of CAR, profitability ratios, NIM, liquidity gaps, and RLA belongs to liquidity risk on banking industry. The statistical analysis concluded that there are negative and significant influence of CAR and ROE to liquidity risk on conventional banks, while ROA and RLA have positive and insignificant effect. In Islamic banks, a positive and significant impact of NIM & ROE to dependent variable, whereas liquidity gaps and RLA have insignificant affect. DA - 2013/// PY - 2013 DP - Zotero IS - 2 SP - 12 LA - en ER - TY - JOUR TI - Who Co-Moves The Islamic Stock Market of Indonesia -The US, The UK, or Japan? AU - Abd. Majid, M. Shabri T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - This paper explores the dominance of world Islamic stock markets of Japan, the UK, and the US over the Islamic stock market of Indonesia. The Granger causalities based on Vector Error Correction Model (VECM) framework are adopted to empirically identify the co-movements among these Islamic stock markets. The study found that the Islamic stock markets of Indonesia, the UK, Japan, and the US are moving towards a greater level of integration. The Japanese Islamic stock market dominantly co-moved the Indonesian Islamic stock, as compared to the UK and the US Islamic stock markets both in the bivariate and multivariate frameworks. This further implies that any developments in the Japanese financial market have to be given more consideration by the Indonesian authority in designing policy to stabilize and promote its Islamic stock market. DA - 2018/05/10/ PY - 2018 DO - 10.15408/aiq.v10i2.7288 DP - DOI.org (Crossref) VL - 10 IS - 2 SP - 267 EP - 284 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/7288 Y2 - 2021/06/23/01:37:28 ER - TY - JOUR TI - Meta Analysis on Direction of Accounting Standards for Islamic Financial Institution: Case Studies in United Kingdom and Indonesia AU - Mukhlisin, Murniati AU - Antonio, Muhammad Syafii T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - This paper is to analyse determinants that influence implementation of accounting standards for Islamic financial institutions. It’s done by examining the history of accounting standards and two different contexts as applied to Islamic financial institutions in the United Kingdom and Indonesia. The paper adopts meta-analysis method by exploring available texts and literature with the goal to learn ‘what is going on here?’ and to investigate social phenomena without explicit expectations. Employing the Ibn Khaldun perspective, this study analyses two determinants i.e. institutional setting that may be suitable in the context of the United Kingdom, and accounting needs in the case of Indonesia. The research shows the determinants are well fitted with interdisciplinary characters of Ibn Khaldun model of civilization. DA - 2018/01/01/ PY - 2018 DO - 10.15408/aiq.v10i1.5676 DP - DOI.org (Crossref) VL - 10 IS - 1 SP - 231 EP - 254 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Meta Analysis on Direction of Accounting Standards for Islamic Financial Institution UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/5676 Y2 - 2021/06/23/01:37:31 ER - TY - JOUR TI - Selection Criteria of Public for Account Opening: A Case Study of Islamic Banks in Pakistan AU - Israr, Ahsan AU - Qureshi, Fahad Ahmed AU - Butt, Mubeen T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - Banks have an immense role in deciding the economic fate of any state. The purpose of the study is to investigate the selection criteria of Islamic banking system for account opening. Data was collected and analysed through descriptive statistics, One Sample t test and Independent Sample t test. The results show that people prefer banks have the number of branches, wide range of products, low cost products, easily approachability. Results also shown, no significance difference in the selection criteria for Islamic banks among the customers based on Gender. DA - 2018/01/01/ PY - 2018 DO - 10.15408/aiq.v10i1.6011 DP - DOI.org (Crossref) VL - 10 IS - 1 SP - 153 EP - 170 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Selection Criteria of Public for Account Opening UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/6011 Y2 - 2021/06/23/01:37:34 ER - TY - JOUR TI - Stability Measurement of Dual Banking System in Indonesia: Markov Switching Approach AU - Zahra, Siti Fatimah AU - Ascarya, A AU - Huda, Nurul T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - Various macro and microeconomic shocks that occur during this time suggest the potential for financial instability. This study attempts to analyze the influence of macro and microeconomic variables of the dual banking stability in Indonesia and compares the stability level of both banking system by using two similar stability measurement models namely the Z-score and Banking Stability Index. The method used in this is a Markov Switching VAR. The results of this study described through two analyze: First, the calculation index of financial stability with Z-score and BSI. Second, results of Markov-Switching prove that the sharia banking system has a higher level of stability compared to the conventional banking system. It means sharia banking is more stable than conventional ones. DA - 2018/01/01/ PY - 2018 DO - 10.15408/aiq.v10i1.5867 DP - DOI.org (Crossref) VL - 10 IS - 1 SP - 25 EP - 52 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Stability Measurement of Dual Banking System in Indonesia UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/5867 Y2 - 2021/06/23/01:37:37 ER - TY - JOUR TI - CAPITAL MARKET INTEGRATION: PALESTINE AND ISRAELI EXPERIENCE AU - Suryanto, Tulus AU - Hadi, Abdul Razak Abdul AB - Capital Market Integration: Palestine and Israeli Experience. This study is driven by the motivation to examine the existence of probable equilibrium and dynamic relations between Palestine Stock Exchange (PEX) and Tel Aviv Stock Exchange (TASE). Within the framework of international trade theories, this study uses Engle-Granger Co-integration procedure as an estimation model employing monthly time series data during the observed period from January 1998 till February 2012. It was discovered that there is a significant equilibrium relationship between PEX and TASE, but no empirical evidence was found on the presence of dynamic relations between the two stock markets using Granger Causality tests. Meanwhile, analysis of dynamic interactions over post-sample period by Impulse-Response Functions and Variance Decomposition indicate that movements in TASE Index do influence the performance of PEX. DA - 2015/// PY - 2015 DP - Zotero IS - 2 SP - 10 LA - en ER - TY - JOUR TI - THE INFLUENCES OF PRODUCTIVE ZAKAH MENTORING TO THE SAVING BEHAVIOR AND THE PROSPERITY OF POOR HOUSEWIFE AU - Andriati, Rizky AU - Huda, Nurul AB - Abstrack. The Influences of Productive Zakah Mentoring To Saving Behavior and The Prosperity of Poor Housewife. The purpose of this study was to determine the influences of productive zakah mentoring to the saving attitude, the confidence of saving ability, the saving behavior and the prosperity of poor housewives which become partners of Masyarakat Mandiri Dompet Dhuafa. This is a quantitative research using Structual Equation Modelling. The respondents are 115 poor housewives in Parung, Bogor, West Java; Cipinang, East Jakarta; Tanjung Pasir, Tangerang, Banten; and Bantar Gebang, Bekasi, West Java. The variables that used on this research are the mentoring of zakah productive, saving attitude, saving behavior, and prosperity. The result showed that the mentoring of productive zakah program has significant influence for the saving attitude and saving behavior. Saving behavior also affects significantly the prosperity of poor housewives. DA - 2015/// PY - 2015 DP - Zotero IS - 2 SP - 10 LA - en ER - TY - JOUR TI - MEASUREMENT OF SHARIAH STOCK PERFORMANCE USING RISK ADJUSTED PERFORMANCE AU - Yunan, Zuhairan Y AU - Rahmasari, Mia AB - Abstrak. Measurement of Shariah Stock Performance Using Risk Adjusted Performance. The aim of this research is to analyze the shariah stock performance using risk adjusted performance method. There are three parameters to measure the stock performance i.e. Sharpe, Treynor, and Jensen. This performance’s measurements calculate the return and risk factor from shariah stocks. The data that used on this research is using the data of stocks at Jakarta Islamic Index. Sampling method that used on this paper is purposive sampling. This research is using ten companies as a sample. The result shows that from three parameters, the stock that have a best performance are AALI, ANTM, ASII, CPIN, INDF, KLBF, LSIP, and UNTR. DA - 2015/// PY - 2015 DP - Zotero IS - 1 SP - 14 LA - en ER - TY - JOUR TI - The Effect of Financial Ratios, Maqasid Sharia Index, and Index of Islamic Social Reporting to Profitability of Islamic Bank in Indonesia AU - Hosen, Muhammad Nadratuzzaman AU - Jie, Ferry AU - Muhari, Syafaat AU - Khairman, Muhammad T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - This study aims to analyze the performance of Capital Adequacy Ratio (CAR), Financing to Deposit Ratio (FDR), Net Income Margin (NIM), Operating Expenses Ratio (OER), Maqasid Sharia Index (MSI), and Index of Islamic Social Reporting (ISR) to influence the level of profitability. The main purpose of this study is to complete the previous research with try to add the variables MSI and Index of ISR to estimating the change of profitability of Islamic banks in Indonesia. The study conducted eight Islamic Banks to be analyzed in the period from 2010 to 2012. The tool of analysis is used multiple linear regression for predicting the level of profitability. The results of the study show that all of the independent variables are significantly affected simultaneously to the level of profitability. Partially, NIM and OER are significantly affected by the level of profitability. The low level of Maqasid Sharia Index and Islamic Social Reporting implementation of the Islamic banks in Indonesia in the period of the study proves that these two variables are not the main indicator or a major achievement of most Islamic banks, even though Islamic banks should refer to attain mashlalah (public interest). DA - 2019/12/30/ PY - 2019 DO - 10.15408/aiq.v11i2.11588 DP - DOI.org (Crossref) VL - 11 IS - 2 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/11588 Y2 - 2021/06/23/01:37:46 ER - TY - JOUR TI - Halal Industry in Indonesia: The Role of Sharia Financial Institutions in Driving Industrial and Halal Ecosystem AU - Rachman, M Aulia AB - Halal market has emerged as a sector of new development and creating market potential in the global economy. Sharia Financial Institutions (SFI) has an important role as an intermediation between unit deficits and surpluses in the economy with sharia principles. As the development of halal products and industries make SFI have an important role in encouraging the growth, literacy and potential of the halal industry. This paper presents the ideas and roles of SFI in encouraging the potential of halal industry in Indonesia. Using qualitative descriptive approach, this paper finds out that there is still unbalance between the availability of products, demands, markets and the structure of halal industrial institutions. The halal certification efforts are still focused on food, medicines, and sharia financial institutions. Products related to tourism industries and information media remain untouched. DA - 2019/// PY - 2019 DP - Zotero VL - 11 SP - 24 LA - en ER - TY - JOUR TI - Spin Off Feasibility Study of Sharia Financing Unit: Study in Adira Finance AU - Wulandari, Lita AU - Siregar, Hermanto AU - Tanjung, Hendri T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - The Financial Services Authorization (OJK) as the regulator of the finance industry has issued a policy set forth in the POJK. 28 / POJK.05 / 2014 which explains that multi-finance which has sharia portfolio as much as 50% from total business or five years from POJK is lawfully obliged to do spin-off sharia. With this policy, sharia business unit can be more focus on business development. Through this research will be analyze the feasibility of sharia financing business unit in fulfilling the aspect of separation of business unit (spin-off). Beside by observation, deep interview with Sharia Supervisory Board (DPS) and literature review, the research also use ARIMA and Double Smoothing Exponential to forecast market and financial aspect. Based on the research results sharia financing unit of Adira Finance has the ability to be spin off. But it should be noted from technology and human resources aspects. DA - 2018/05/10/ PY - 2018 DO - 10.15408/aiq.v10i2.5781 DP - DOI.org (Crossref) VL - 10 IS - 2 SP - 299 EP - 312 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X ST - Spin Off Feasibility Study of Sharia Financing Unit UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/5781 Y2 - 2021/06/23/01:37:51 ER - TY - JOUR TI - Shariah Governance Practices at Islamic Banks in Bahrain From Islamic Bankers’ Perspective AU - Hidayat, Sutan Emir AU - Al-Khalifa, Ali Khaled T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - This study aims to evaluate the Islamic banks’ commitment towards Sharia Governance in Bahrain. This study utilizes both quantitative and qualitative research methods. The survey results reveal that Islamic banks in Bahrain practice 7 out of 9 questions in the questionnaire, which are related to Sharia governance aspects as per the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)’s governance standards. The interview results also reveal that the Islamic banks are practicing most aspects of Sharia governance. The results of this paper can be an input for the regulator and the banks’ management to make decisions to improve Sharia governance practice among Islamic banks in Bahrain. DA - 2018/01/01/ PY - 2018 DO - 10.15408/aiq.v10i1.5991 DP - DOI.org (Crossref) VL - 10 IS - 1 SP - 53 EP - 74 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/5991 Y2 - 2021/06/23/01:37:54 ER - TY - JOUR TI - Dividend Payout Policy of Conventional Banking and Islamic Banking in Pakistan AU - Ahmed, Farhan AU - Rafay, Abdul AU - Ahmed, Afzal T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - This paper investigates the difference between the dividend payout policy of Islamic banks and conventional banks in Pakistan for a period from 2012 to 2016 analyzing the data through regression using Least Square Method (OLS). Specifically, the study aims to study the impact of the profitability, liquidity, revenue growth and financial leverage on the dividend payout policy of the Islamic Banks and conventional banks of Pakistan and how Islamic banks dividend policy differs from conventional banks. This study concludes that the factors like liquidity and financial leverage should be considered and addressed accordingly, because these are key indicators to help policymakers and investors in assessing the performance of the Islamic Banking Industry. DA - 2018/01/01/ PY - 2018 DO - 10.15408/aiq.v10i1.6103 DP - DOI.org (Crossref) VL - 10 IS - 1 SP - 135 EP - 152 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/6103 Y2 - 2021/06/23/01:37:57 ER - TY - JOUR TI - Risk of Debt-Based Financing in Indonesian Islamic Banking AU - Effendi, Kharisya Ayu T2 - Al-Iqtishad: Journal of Islamic Economics AB - Risk of Debt-Based Financing on Indonesian Islamic Banking. The purpose of this study is to know the risk of debt-based financing in Islamic banking in Indonesia by using an accounting based calculation, those are NPF analysis, Credit risk Z-score and Altman Z-score. This study is telling about the risk of debt-based finacing on Indonesian Islamic banking using an accounting based measurement, those are NPF analysis, Credit Risk Z-score analysis and Altman Z-score analysis. The data was obtained from 2011 to 2015 from the website of each bank. The result is a risk on debt-based financing on Indonesian Islamic is low. The measurement using 3 accounting based measurement tool gives a consistent result, that is Indonesian Islamic banking use a debt-based financing have a high financial stability and a low risk. DA - 2017/05/06/ PY - 2017 DO - 10.15408/aiq.v9i2.4821 DP - DOI.org (Crossref) VL - 9 IS - 2 SP - 203 EP - 212 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/4821 Y2 - 2021/06/23/01:38:01 ER - TY - JOUR TI - ISLAMIC BUSINESS ETHICS IMPLEMENTATION IN MARKETING COMMUNICATION OF HAJJ/UMROH TRAVEL AGENCY “X” SURABAYA AU - Prasetyo, Ari AU - Pratiwi, Intan Kusuma T2 - Al-Iqtishad: Journal of Islamic Economics AB - Islamic Business Ethics Implementation in Marketing Communication of Hajj/Umroh Travel Agency “X” Surabaya. This research aims to explore the implementation of Islamic business ethics in marketing communications Umrah/ Hajj travel agency “X” Tour and Travel. This research uses qualitative descriptive approach with explanatory case studies as a type of qualitative research Islamic business ethics which becomes reference in this study SIFAT (Shiddiq, Istiqamah, Fathanah, Amanah and Talbligh). The technique used is the data collection through interviews with President and Marketing Manager “X” Tour and Travel, and participatory observation for two weeks at the operational office of “X” Tour and Travel. To support the data obtained from the results of the interviews as well as participatory observation, research is also equipped with the results of interviews with jamaah who have used the services of “X” Tour and Travel. The research results indicate that “X” Tour and Travel has implemented Shiddiq, Istiqamah, Fathanah, Amanah, and Tabligh in marketing communications. DA - 2016/02/10/ PY - 2016 DO - 10.15408/aiq.v8i1.2510 DP - DOI.org (Crossref) VL - 8 IS - 1 SP - 81 EP - 100 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/2510 Y2 - 2021/06/23/01:38:03 ER - TY - JOUR TI - INCOME INEQUALITY AND REGIONAL INDEX OF FINANCIAL INCLUSION FOR ISLAMIC BANK IN INDONESIA AU - Prastowo, Prastowo AU - Putriani, Diyah T2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah AB - This research is proposed to measure financial inclusion index in 2 dimensions (2D-FII) in Indonesia Islamic banks. This research contributes to the measurement 2D-FII at the regional level in Indonesia. The analysis of crosssection data from 33 provinces in Indonesia between 2014 and 2015 shows that the value of FII in Islamic banking in Indonesia is still low. Previous works show one of the determinants on increasing inequality in any country is limited access to the financial sector, especially for low-income household (Akimov, Wijeweera, and Dollery 2006; Kenourgios and Samitas 2007; Levine 2003; D. Park and Shin 2015). Thus, the low level of FII in Indonesia perhaps is caused by inequality of income. Therefore, this research recommends policymaker to have more concern on poverty alleviation program and open new Islamic banks branches at the regional level. DA - 2019/11/21/ PY - 2019 DO - 10.15408/aiq.v11i1.8380 DP - DOI.org (Crossref) VL - 11 IS - 1 J2 - Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah LA - en SN - 2407-8654, 2087-135X UR - http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/8380 Y2 - 2021/06/23/01:38:07 ER - TY - JOUR TI - THE IMPACT OF FINANCIAL LIBERALIZATION ON ISLAMIC BANK’S EFFICIENCY IN INDONESIA AU - Adawiyah, Wiwiek Rabiatul AB - The aim of this research is analyze the state of efficiency demonstrated by foreign banks, as aggressor, as compared to that of the local banks – government banks and Islamic banks during the period 2009-2012. Data Envelopment Analysis (DEA) with intermediation approach is used as the main tool of analysis. Input variable chosen are deposit, asset, and personnel expenses. Meanwhile loan and income are chosen as output variable. To find out the difference of efficiency between foreign banks and islamic banks, this study use parametric different test of Independent Sample T-test. The study indicates that foreign banks are less efficient if compared to the local banks, especially Islamic banks and Sharia Business Units. It is also evidenced that there is no significant difference between the efficiency of foreign and Islamic banks during the period 2009-2012. ER - TY - JOUR TI - A DEVELOPING MODEL OF RELATIONSHIP AMONG SERVICE QUALITY, CONSUMER SATISFACTION, LOYALTY AND WORD OF MOUTH IN ISLAMIC BANKING AU - , Suryani AU - , Hendryadi AB - This research aims to develop a measurement tool of service quality in Islamic banking sector, and examine its relationship among satisfaction, word of mouth (WOM), and consumer loyalty. A convenience sampling of 235 respondents collected from seven locations in the Lhokseumawe, Aceh. Partial least square -structural equation modeling- (PLS-SEM) was used to test the research hypotheses. The results revealed that the quality of service has four dimensions, they are: service portfolio and assurance/SPA, tangibles/TAN, reliability of communication/COM, and Islamic values/IVA. The PLS-SEM results suggest that SPA and COM are dominant factors affecting satisfaction, and satisfaction were significantly related to WOM and loyalty. Loyalty also positively and significantly related to WOM. ER - TY - JOUR TI - The Challenges of Muslim Countries in Business World AU - Amal Norhaizah, Rafidah Binti Haji Amidon T2 - FALAH: Jurnal Ekonomi Syariah AB - Throughout the centuries, the Muslim countries has evolved and branched out to the world of arts, literature, philosophy, technology, economy, law and ethics, education, even politics inclusive of its conflict. Most of what occurred throughout the centuries was documented and used as reference in future studies such as studied done in medical by Ibnu Sina. Many part of the world have form negative perspectives of the Muslim countries especially by correlating negative incidents occurred in some part of the world as practice of all Muslim in the Muslim countries. Living in the Muslim countries has its advantages and disadvantages in which it will be discussed further in this essay. from the discussion below, it can be conclude that any world no matter the religion, the belief, the political standing is bombarded with dilemmas of identifying the advantages and disadvantages of their world to face the challenges of globalization. Distinguishing the advantages or the disadvantages without implicating neither sense of pride or sense of shame has been the practice that is being encouraged by all. The most important impression that the Muslim world can make is through the beauty of tolerance, understanding and the concept of sharing without judging others. DA - 2017/12/11/ PY - 2017 DO - 10.22219/jes.v2i2.5105 DP - DOI.org (Crossref) VL - 2 IS - 2 SP - 189 J2 - JES LA - en SN - 2502-7824, 2502-3918 UR - http://ejournal.umm.ac.id/index.php/JES/article/view/5105 Y2 - 2021/06/23/07:06:26 ER - TY - JOUR TI - REDEFINING OBJECTIVE OF ISLAMIC BANKING; STAKEHOLDERS PERSPECTIVE IN INDONESIA AU - Agriyanto, Ratno T2 - Economica: Jurnal Ekonomi Islam AB - Bank syariah harus memiliki tujuan yang berbeda bila dibandingkan dengan perbankan konvensional. Perkembangan bank syariah di latar belakang oleh motivasi ekonomi atau sosial. Penelitian ini akan membuktikan apa sebenarnya tujuan pendirian Bank Islam di Indonesia. Penelitian ini menguji data primer yang melibatkan responden yang mewakili pemangku kepentingan Perbankan Syariah; Pelanggan, Deposan, Masyarakat, Manajer Bank Syariah, Karyawan, Regulator dan Dewan Pengawas Syariah. Analisis uji beda digunakan untuk menentukan persepsi responden terhadap berbagai tujuan Perbankan Syariah di Indonesia. Temuan penelitian mengungkapkan bahwa ada perbedaan perspektif antara berbagai stakeholder tentang tujuan perbankan Islam. Secara umum stakeholder mengharapkan agar Perbankan Syariah di Indonesia focus kepada tujuan sosial, tetapi tidak meninggalkan sifat sebagai lembaga komersial. Implikasi praktis bagi bank syariah di Indonesia diharapkan untuk mengikuti keinginan masyarakat untuk terus meningkatkan kepedulian sosial. Kegiatan sosial yang dapat dilakukan oleh Bank Syariah seperti mengurangi tingkat kemiskinan, mempromosikan nilai-nilai Islam dalam bisnis, melaksanakan pembangunan ekonomi yang berkelanjutan. Tuntutan yang tinggi dari tujuan komersial manajer bank syariah (manajer dan karyawan) harus dikurangi dengan meningkatkan peran Dewan Pengawas Syariah. Implikasi dari hasil ini untuk penelitian masa depan adalah untuk menguji hubungan dari pelaksanaan tujuan sosial dengan kinerja keseluruhan dari Bank Syariah. DA - 2015/10/31/ PY - 2015 DO - 10.21580/economica.2015.6.2.795 DP - DOI.org (Crossref) VL - 6 IS - 2 SP - 77 EP - 90 J2 - Economica LA - en SN - 2541-4666, 2085-9325 UR - https://journal.walisongo.ac.id/index.php/economica/article/view/795 Y2 - 2021/06/23/07:06:30 ER - TY - JOUR TI - Islamic Banking Selection Criteria: Case in Indonesia Using Analytic Network Process AU - Rusydiana, Aam Slamet AU - Hasib, Fatin Fadhilah T2 - Economica: Jurnal Ekonomi Islam AB - The Islamic banking industry is currently one of the main indicators of the development of Islamic economics in Indonesia. In Islamic banking issue, one of the important issues is related to people's preferences and behavior towards Islamic banks. The study of the criteria for selecting a bank has been the concern of many bank marketing researchers. Compared to conventional, such studies are relatively minimal, especially in Indonesia. This study tries to analyze the preferences and behavior of criteria for selection of Islamic banks in Indonesia through the Analytical Network Process (ANP) approach.The results conclude that the most priority criteria that influence the selection of Islamic banks in Indonesia are service factors and religiosity factors or the suitability of banks with sharia principles. Therefore, Islamic banks need to constantly improve the quality of services both services and products so that they can compete with conventional banks. DA - 2019/07/31/ PY - 2019 DO - 10.21580/economica.2019.10.1.2846 DP - DOI.org (Crossref) VL - 10 IS - 1 SP - 165 EP - 188 J2 - Economica LA - en SN - 2541-4666, 2085-9325 ST - Islamic Banking Selection Criteria UR - https://journal.walisongo.ac.id/index.php/economica/article/view/2846 Y2 - 2021/06/23/07:06:33 ER - TY - JOUR TI - Increasing Community Awareness and Intention in Encouraging The Growth of Cash Waqf AU - Iqbal, Muhammad AU - Nadya, Prameswara Samofa AU - Saripudin, Saripudin AU - Hadiyati, Puji T2 - Economica: Jurnal Ekonomi Islam AB - This study aims to identify factors that determine the awareness, intention and decision of the Indonesian people to cash waqf. Data collection techniques using purposive sampling with PLS (Partial Least Squared) method as a data analysis tool in this study includes a path analysis model. The results obtained show that the social environment and understanding affect one's awareness and interest in cash waqf. The emergence of awareness and intention will encourage the person to carry out cash waqf. While the promotion of cash waqf does not affect awareness and intentions which in the end will not encourage someone to cash waqf. DA - 2019/07/31/ PY - 2019 DO - 10.21580/economica.2019.10.1.3152 DP - DOI.org (Crossref) VL - 10 IS - 1 SP - 29 EP - 56 J2 - Economica LA - en SN - 2541-4666, 2085-9325 UR - https://journal.walisongo.ac.id/index.php/economica/article/view/3152 Y2 - 2021/06/23/07:06:35 ER - TY - JOUR TI - The Significance of Waqf for Economic Development AU - Budiman, Mochammad Arif AB - There is an opinion among Western scholars that the institution of waqf could not any longer perform its economic role in the present times. Instead of being a vital institution as it truly played at the pre-modern era, waqf nowadays seems to be an impediment to the development in Muslim countries. This paper therefore is meant to refute such an opinion and attempts to point out the economic impacts of waqf for Muslim society in the context of the present economy. In the last part, the paper also brings about several necessary prerequisites for the revitalization of waqf in the current days. DA - 2014/// PY - 2014 DP - Zotero SP - 14 LA - en ER - TY - JOUR TI - Predicting the Intention of Millennial Moslems to Visit Halal Tourism AU - Saifudin, Saifudin AU - Puspita, Rosana Eri T2 - Equilibrium: Jurnal Ekonomi Syariah AB - The purpose of this paper is to investigate the factors that influence the intention to choose halal tourism in Indonesia using the Theory of Reasoned Action (TRA) model. Data samples used in this study were 265 respondents and processed with Statistical Package for the Social Sciences to test the significance of the regression model. The independent variables are attitude, subjective norm, and halal certification and its impact on behavioral intention. The results show that attitude, subjective norm, and halal certification have a positive and significant effect on behavioral intention to visit halal tourism. Halal tourism practitioners can estimate the behavior of prospective millennial visitors through this paper. As for academics, this paper is used for further research by integrating halal certification in TRA as a predictor of behavioral intention in millennial Moslems. Empirically this research is useful to increase understanding of halal tourism and visitor behavior. Halal tourism is a relatively new phenomenon for practitioners and academics. This study is an initial study investigating the determinants of millennial Moslems’ visits through the TRA model. Therefore, this paper will be useful as an academics contributions about millennial Moslems to visit halal tourism in Indonesia and the world. DA - 2020/05/20/ PY - 2020 DO - 10.21043/equilibrium.v8i1.7322 DP - DOI.org (Crossref) VL - 8 IS - 1 SP - 129 J2 - EQUILIBRIUM LA - en SN - 2502-8316, 2355-0228 UR - http://journal.stainkudus.ac.id/index.php/equilibrium/article/view/7322 Y2 - 2021/06/23/07:06:40 ER - TY - JOUR TI - OPTIMIZING THE DEVELOPMENT OF ISLAMIC FINANCIAL INSTITUTIONS IN WEST SUMATRA: ROLE OF LOCAL WISDOM ANALYSIS OF TUNGKU TIGO SAJARANGAN AU - Mursal, Mursal AU - Cahya, Bayu Tri T2 - Equilibrium: Jurnal Ekonomi Syariah AB - This study aims to analyze how the convergence of Tungku Tigo Sajarangan in sharia economic development through Islamic Financial Institutions (IFI), and then constructs how the concept of sharia economic development is based on the local wisdom of Tungku Tigo Sajarangan in developing IFI. This research is a qualitative research with a sociological approach. The source of this research data was obtained from the informants who were considered to have information about the focus of this study, namely IFI managers and other informants who were considered to support this research. Listening to the data obtained, this study concludes: First, the Tungku Tigo Sajarangan has not given an optimal role in the development of IFI in West Sumatra. Second, optimizing the role of Tungku Tigo Sajarangan in the development of IFI can be strengthened by increasing the synergy with Tungku Tigo Sajarangan internal and related parties to perform socialization of sharia economic norms in massive, identification of syar'i transaction products, and internalization of adat basandi syarak, syarak basandi kitabullah. DA - 2019/05/24/ PY - 2019 DO - 10.21043/equilibrium.v7i1.5257 DP - DOI.org (Crossref) VL - 7 IS - 1 SP - 183 J2 - EQUILIBRIUM LA - en SN - 2502-8316, 2355-0228 ST - OPTIMIZING THE DEVELOPMENT OF ISLAMIC FINANCIAL INSTITUTIONS IN WEST SUMATRA UR - http://journal.stainkudus.ac.id/index.php/equilibrium/article/view/5257 Y2 - 2021/06/23/07:06:42 ER - TY - JOUR TI - Islamic Economists in The Early 21st Century View’s on Business Ethics AU - Hakim, Rahmad T2 - FALAH: Jurnal Ekonomi Syariah AB - The focus of this study is to determine several thoughts of Islamic Economist of the early 21st Century related on business ethics through their works in Islamic Economics, especially in business ethics. In order to find the deeper and more comprehensive research, The researcher limited this research only to four Islamic Economists of the early 21st Century, such as; M. Umer Chapra, Syed Nawab Haider Naqvi, Mohamed Ariff, Akram Khan. The conclusion of this study are as follows: first, the Muslim economists trying to solve problems that occur particularly in the case of dichotomies in the fulfillment of material needs and non-material need, although there are some flaws. Second, Muslim economists at least try to realize human well-being based on Islamic principles. Third, the Muslim economists are also tried to build the Islamic ethics as a discipline that was not present before. DA - 2016/03/05/ PY - 2016 DO - 10.22219/jes.v1i1.2691 DP - DOI.org (Crossref) VL - 1 IS - 1 SP - 1 J2 - JES LA - en SN - 2502-7824, 2502-3918 UR - http://ejournal.umm.ac.id/index.php/JES/article/view/2691 Y2 - 2021/06/23/07:06:48 ER - TY - JOUR TI - An Analysis of Financing Scheme Effect on Non-Performing Financing Asset at Islamic Banks In Indonesia AU - Aprilianto, Fitrian T2 - Falah: Jurnal Ekonomi Syariah AB - This research aims to identify the impact of financing contract towards the risks confronted by Islamic banks measured by NonPerforming Financing (NPF). The method of research using panel data analysis. The data of this study utilize secondary data in the form of monthly time series data in the period of January 2014 to December 2017 and cross section data from the two types of Islamic Banking (Bank Usaha Syariah and Unit Usaha Syariah). The result indicates that the financing scheme based on the empirical scheme of profit sharing schemes, especially musyarakah, is proven to increase financing risk. DA - 2020/02/27/ PY - 2020 DO - 10.22219/jes.v5i1.11400 DP - DOI.org (Crossref) VL - 5 IS - 1 J2 - JES LA - en SN - 2502-7824, 2502-3918 UR - http://ejournal.umm.ac.id/index.php/JES/article/view/11400 Y2 - 2021/06/23/07:06:51 ER - TY - JOUR TI - Patterns of Islamic Banks Financing to Increase the Number of Halal Tourism and the Local Generated Income (PAD) Growth In Indonesia AU - Muhammad, Fadli AB - This study aims to analyze the relationship of Islamic bank financing to the increase the number of halal tourists and the growth the local generated income (PAD) period 2015-2016 in 33 provinces, Indonesia. Using the research method is granger causality and panel data multiple regression with the Minitab analytical tool. This model analyzes the influence of Islamic bank financing contributions to the number of halal tours and the local generated income. The amount of Islamic banks financing in the tourism sector such as restaurant and tourism business has contributed to increase the number of halal tourists and the growth of the local generated income (PAD). The results of this study can be used for the Islamic banking industry to support capital financing for the halal industry. In previous studies only analyzed the halal tourism potential, as well as the potential of the tourism industry in general for the local generated income. However, this study discusses the contribution of Islamic bank financing to the number of halal tourism and an increase in the local generated income. DA - 2019/// PY - 2019 DP - Zotero VL - 4 SP - 11 LA - en ER - TY - JOUR TI - IMPLEMENTATION AKAD MUZARA'AH IN ISLAMIC BANK : ALTERNATIVE TO ACCESS CAPITAL AGRICULTURAL SECTOR AU - Ridlwan, Ahmad Ajib AB - The purpose of writing this article is to know the law, muzara'ah cooperation model, applications such contract in the modern economy and how the opportunities and challenges in its implementation. Muzaraah in the agricultural sector is essential applied in Islamic banking as a superior product Indonesia Islamic bank as a real form of Islamic economic jurisprudence that benefit the community because the agricultural sector is a sector that can absorb large and very influential in food commodity and world economies. To realize the need for synergy between academia (universities), the association of Islamic banking, the association / community of farmers, agricultural ministries, NGOs, cooperatives sharia and sharia insurance deign to consider the creation of new products in Islamic banks that are specific to the agricultural sector given the low financing agriculture and the majority of farmers in the village with a little knowledge. DP - Zotero SP - 15 LA - id ER - TY - JOUR TI - The Concept Maslahah of Najamuddin al Tufi and It's Relevance of Sharia Business AU - Munadi, Munadi AU - Iswanto, Budi T2 - IQTISHODUNA: Jurnal Ekonomi Islam AB - Al-Tufi is one of the maslahah figures. al-Tufi defines maslahah based on two things, in urf and shar'i, while in urf is a factor that leads to goodness and benefits. Like trading that brings profit. While according to shar'i maslahah is a causal factor that leads to the intention of lawmakers in matters of worship, as well as customs. The rationalization effort based on the spirit of shar'i arguments in its dialectical form delivered Al-Tufi's thoughts towards the reactualization of Islamic law in the field of muamalah which was more applicable and found a significant momentum. Considering the need for renewal of Islamic law based on a public benefit is more pronounced in this modern era especially in business, with this Al-Tufi method, Sharia business law will be dynamic and progressive again. Is not the Islamic Sharia down to earth intending to achieve human maslahah. DA - 2020/04/10/ PY - 2020 DO - 10.36835/iqtishoduna.v9i2.526 DP - DOI.org (Crossref) VL - 9 IS - 2 SP - 153 J2 - IQTISHODUNA: Jurnal Ekonomi Islam LA - en SN - 2443-0056, 2252-5661 UR - https://ejournal.iaisyarifuddin.ac.id/index.php/iqtishoduna/article/view/526 Y2 - 2021/06/23/23:58:43 ER - TY - JOUR TI - Impact of Sharia Tourism Development in Pringsewu Regency Lampung AU - Basrowi, Basrawi AU - Fauzi, Fauzi AU - Utami, Pertiwi T2 - IQTISHODUNA: Jurnal Ekonomi Islam AB - The purpose of this study was to describe the opportunities for sharia tourism in Pringsewu Regency by referring to the Law and Fatwa of the National Sharia Council. The research method used is empirical legal research which aims to support the development of legal science, especially sharia law related to halal tourism. Data is collected through documented observation. Examination of the validity of the data by using data source triangulation techniques is done by comparing the results of observational data with the results of related documents, and data analysis through data reduction, data presentation and conclusion drawing. Based on the results of the study concluded, 1) sharia tourism is very possible to be developed in Lampung Province, because formal juridical is not at all contradictory and Law No.33 of 2013 concerning Guaranteed Halal Products; 2) also does not contradict the Fatwa of the National Sharia Council-Indonesian Ulema Council No.108 / DSNMUI / X / 2016 towards the development of sharia tourism. DA - 2020/04/01/ PY - 2020 DO - 10.36835/iqtishoduna.v9i1.473 DP - DOI.org (Crossref) VL - 9 IS - 1 SP - 91 J2 - IQTISHODUNA: Jurnal Ekonomi Islam LA - en SN - 2443-0056, 2252-5661 UR - http://ejournal.iaisyarifuddin.ac.id/index.php/iqtishoduna/article/view/473 Y2 - 2021/06/23/23:58:46 ER - TY - JOUR TI - Development Strategy for Micro, Small and Medium Enterprises through Islamic Financial Inclusion AU - Warno, Warno AU - Isrowiyah, Novatul AU - Junusi, Rahman El T2 - IQTISHODUNA: Jurnal Ekonomi Islam AB - This study calculates and analyzes the Islamic financial inclusion index which covers three dimensions; accessibility, availability, and usage of sharia banking. The results showed that the level of Islamic financial inclusion in Indonesia was classified as low during the study period and DKI Jakarta Province was the most inclusive province in Indonesia. Furthermore, this study analyzes the effect of the Islamic financial inclusion index on Islamic financing channeled to Micro, Small and Medium Enterprises (MSMEs) in Indonesia. Using the saturated sampling method, a total of 33 provinces in Indonesia were selected as samples with an observation period. The results show that the Islamic Financial Inclusion Index (IIK) has a significant positive effect on sharia financing channeled to the MSME sector, one of the regions that appears to be growing faster than other regions is Aceh. This research is different from previous financial sector inclusiveness studies that still see and study conventional (non-sharia) financial inclusion and find out the impact of sharia financial inclusion based on sharia financial inclusion indexes on sharia financing distributed to Micro, Small and Medium Enterprises in Indonesia and discuss comprehensively for MSME. DA - 2020/04/01/ PY - 2020 DO - 10.36835/iqtishoduna.v9i1.470 DP - DOI.org (Crossref) VL - 9 IS - 1 SP - 55 J2 - IQTISHODUNA: Jurnal Ekonomi Islam LA - en SN - 2443-0056, 2252-5661 UR - http://ejournal.iaisyarifuddin.ac.id/index.php/iqtishoduna/article/view/470 Y2 - 2021/06/23/23:58:50 ER - TY - JOUR TI - FACTORS INFLUENCING ZAKAT PAYERS’ PREFERENCE IN DISCHARGING ZAKAT OBLIGATIONS: AN EXPLORATIVE STUDY AU - Putriana, Vima Tista AB - This research aims to explore factors influencing zakat payers’ preference in discharging their zakat obligations (i.e. paying zakat through authorized zakat institutions or giving it directly to recipients). This research was inspired by one of findings of our research on the effectiveness of zakat community development (ZCD) in Tanah Datar District. More clearly, ineffectiveness of the ZCD program undertaken was due to among others insufficient funding. This result indicates that local BAZNAS as the authorized zakat institution operated locally has not been able yet to optimize collection of zakat funds from zakat payers. This research is explorative in nature and therefore adopts a qualitative research approach. Data was collected at the end of October 2018, using Focus Group Discussion (FGD) with participants were two groups of postgraduate students majoring in Sharia Accounting and Sharia Banking at the State Islamic Institute Batusangkar. This research concludes that zakat payers’ preference in discharging their zakat obligations is influenced by factors such as zakat awareness, tradition, trust and level of income. This is the first research undertaken to explore the behavior of zakat payers in Indonesia. The result theoretical framework proposed in this study can be empirically tested in a larger population by the future research. DP - Zotero SP - 15 LA - en ER - TY - JOUR TI - PESANTREN AS HALAL TOURISM CO-BRANDING: HALAL INDUSTRY FOR SUSTAINABLE DEVELOPMENT GOALS AU - Qomaro, Galuh Widitya T2 - Maqdis : Jurnal Kajian Ekonomi Islam AB - One of the sustainable development goals is to promote inclusive and sustainable economic growth, full and productive employment and decent work for all. Tourism industry has recently become one of the important aspects in the Indonesia's economic growth. Halal tourism is considered a plus value for the tourism industry in Indonesia. Pesantren, as one of the stakeholder institutions in Pentahelix system of halal tourism industry, plays an important role in many things, among others: identifying halal tourism destination, raising publicawareness in processing food, choosing travel services and concepts, determining the payment method of travel services. Pesantren is involved in the educational process about Islamic business ethics, formal or non-formal training for halal tourism industry practitioners, and also the syar'i daily life concept for the residents of halal tourism area. This study aims to identify the importance of Pesantren's role, socially and psychologically, as one of the main pillars of halal tourism development in Indonesia. The result of this qualitative research shows that Pesantren ought to participate holistically and comprehensively in the agenda of Indonesia's halal industry so that with maximal management makes a big contribution to achieve the internationalization program of Indonesian halal tourism and to succeed SDG’s agenda in supporting sustainable tourism and creates employment while supporting local cultures and products in 2030. DA - 2019/07/01/ PY - 2019 DO - 10.15548/maqdis.v4i1.206 DP - DOI.org (Crossref) VL - 4 IS - 1 SP - 11 J2 - Maqdis : Jurnal Kajian Ekonomi Islam LA - en SN - 2528-5661, 2528-5645 ST - PESANTREN AS HALAL TOURISM CO-BRANDING UR - https://journal.febi.uinib.ac.id/index.php/maqdis/article/view/206 Y2 - 2021/06/23/23:58:56 ER - TY - JOUR TI - SENTIMENT ANALYSIS OF ISLAMIC WAQF: EVIDENCE IN INDONESIA AU - Rusydiana, Aam Slamet AB - It is important to do research on public sentiment towards waqf presence in a country in order to know public response to its existence. This study aimed to determine public sentiment towards waqf in Indonesia. Data were collected from 80 articles, journals and other writings. Data were analyzed using the software Semantria as an analytical tool in the form of text. The results showed that the assessment of existence of waqf in Indonesia amounted to 66% of the community showed positive and high positive sentiment, 11% indicate negative sentiment and 23% indicates a neutral sentiment. Therefore, stakeholders need to take advantage of the awakening momentum of waqf in Indonesia so that in the future they can be a solution to the problems of social economy and the benefit of society. DP - Zotero SP - 12 LA - en ER - TY - JOUR TI - THE DETERMINANTS OF CUSTOMER LOYALTY IN SHARIA BANK IN JAMBI WITH ISLAMIC APPROACH AU - Fitri, Lucky Enggrani AU - Lubis, Paulina AU - Amri, Ary Dean T2 - Maqdis : Jurnal Kajian Ekonomi Islam AB - This study aimed to determine the direct effect between customer perceived value (CPV), trust towards satisfaction on customer of sharia banks in Jambi province. The development of Sharia banking in Jambi is quite slow compared to other provinces in Sumatra Island. This research was conducted in Jambi Province. The design of this study used a quantitative method with a survey approach to obtain primary data, namely by distributing questionnaires to 140 customers in six Sharia commercial banks in Jambi province by using purposive sampling method in determining the sample. Determination of the minimum sample size in this study refers to the statement of Hair et al. Then the quantitative data was processed using Structural Equation Model (SEM) with SmartPLS 3 software. The findings of this study found that an exogenous latent variable Customer Perceived Value affects customer trust and satisfaction. This research was expected to make practical contributions to the management of Sharia banks and related parties as information to determine the marketing strategy of Sharia bank products in Jambi province, in effort to increase customer satisfaction of sharia banks in Jambi province. DA - 2019/12/19/ PY - 2019 DO - 10.15548/maqdis.v4i2.251 DP - DOI.org (Crossref) VL - 4 IS - 2 SP - 129 J2 - Maqdis : Jurnal Kajian Ekonomi Islam LA - en SN - 2528-5661, 2528-5645 UR - https://journal.febi.uinib.ac.id/index.php/maqdis/article/view/251 Y2 - 2021/06/23/23:59:01 ER - TY - JOUR TI - EFFICIENCY AND EFFECTIVENESS OF ZAKAT PAYROLL SYSTEM AND DIGITAL ZAKAT ON THE ACCEPTANCE OF ZAKAT FUNDS BAZNAS 2016-2017 AU - Saharuddin, Desmadi AU - Anggraini, Rr. Tini AU - Jamila, Siti T2 - Maqdis : Jurnal Kajian Ekonomi Islam AB - This study aims to analyze the level of efficiency and effectiveness of zakat payroll system and digital zakat on the acceptance of zakat funds in BAZNAS2016-2017. This study used the Data Envelopment Analysis (DEA) method with DEA Frontier software, Microsoft Excel 2010 and the Allocation to Collection Ratio (ACR) which compares the distribution ratio with the collection of zakat funds from each program. The results and findings of this study indicate that both the zakat payroll system and digital zakat have a high level of efficiency and effectiveness. This indicates that the community awareness was already high to pay of zakat profession. This research is expected to be a reference for zakat institutions and zakat practitioners in measuring the level of efficiency and effectiveness of a program. DA - 2019/07/01/ PY - 2019 DO - 10.15548/maqdis.v4i1.209 DP - DOI.org (Crossref) VL - 4 IS - 1 SP - 35 J2 - Maqdis : Jurnal Kajian Ekonomi Islam LA - en SN - 2528-5661, 2528-5645 UR - https://journal.febi.uinib.ac.id/index.php/maqdis/article/view/209 Y2 - 2021/06/23/23:59:04 ER - TY - JOUR TI - Literature Study on Murābaḥah Financing in Islamic Banking in Indonesia AU - Maulidizen, Ahmad T2 - Economica: Jurnal Ekonomi Islam AB - Islamic banking in Indonesia has experienced significant growth, including assets, financing provided and the number of customers. Islamic bank financing 70-80% is given to the community by using the contract of murābaḥah, in the form of consumptive and productive. Islamic bank operations must be guided by Fatwa of the National Sharia Council in order to carry out its optimal function economically and to run the Shari'a comprehensively. Therefore, this article will explain the concept of murābaḥah conceptually and application in Islamic banking in Indonesia. The purpose of writing this article so that the implementation of Murābaḥah contract in Islamic Bank in Indonesia can be in accordance with the principles of Shari'a that put forward the principle of justice and no party is harmed. DA - 2018/07/31/ PY - 2018 DO - 10.21580/economica.2018.9.1.2411 DP - DOI.org (Crossref) VL - 9 IS - 1 SP - 25 EP - 49 J2 - Economica LA - en SN - 2541-4666, 2085-9325 UR - https://journal.walisongo.ac.id/index.php/economica/article/view/2411 Y2 - 2021/06/23/23:59:08 ER - TY - JOUR TI - The Effect of Sustainability Report and Profitability on Company Value: Evidence from Indonesian Sharia Shares AU - Rizki, Mita Kurnia AU - Agriyanto, Ratno AU - Farida, Dessy Noor T2 - Economica: Jurnal Ekonomi Islam AB - The purpose of this research is to determine the effect of sustainability report disclosure and profitability on firm value. Type of this research uses a quantitative method with multiple linear regression of the data analysis techniques. The data used in this research are secondary data. The population of research companies are listed on the Indonesia Sharia Stock Index (ISSI) as of December 29, 2017. The sample used purposive sampling method on 13 company samples. The results of this research indicate that sustainability report does not affect firm value and profitability affects firm value. This study implies that regulators should encourage companies to disclose sustainability reports because there are still a few companies that disclose it. Regulators are also expected to participate in providing socialization so that investors understand the meaning of the sustainability report. DA - 2019/07/31/ PY - 2019 DO - 10.21580/economica.2019.10.1.3747 DP - DOI.org (Crossref) VL - 10 IS - 1 SP - 117 EP - 140 J2 - Economica LA - en SN - 2541-4666, 2085-9325 ST - The Effect of Sustainability Report and Profitability on Company Value UR - https://journal.walisongo.ac.id/index.php/economica/article/view/3747 Y2 - 2021/06/23/23:59:11 ER - TY - JOUR TI - The Effects of Spiritual Intelligence and Organizational Citizenship Behavior to Employees Performance: Study at Sharia Banks in Gorontalo Province AU - Hm, Muhdar T2 - Economica: Jurnal Ekonomi Islam AB - The employees’ existence as an organizational locomotive need to get attention for management because, it is employees who make the organization perform well. Spiritual intelligence and organizational citizenship behaviour (OCB) are known to have effect for improving employee performance. To see this effect, then research was conducted at Sharia Bank in Gorontalo Province with the aim of analyzing and describing the effect of: spiritual intelligence on OCB, spiritual intelligence on employee performance, OCB on employee performance, and spiritual intelligence on employee performance through OCB. The findings of this study are spiritual intelligence had positive and significant effect on OCB. OCB has positive and significant effect on employee performance. Spiritual intelligence has positive and insignificant effect on employee’s performance, but spiritual intelligence has positive and significant effect for employee performance through OCB. DA - 2018/12/01/ PY - 2018 DO - 10.21580/economica.2018.9.2.2806 DP - DOI.org (Crossref) VL - 9 IS - 2 SP - 179 EP - 205 J2 - Economica LA - en SN - 2541-4666, 2085-9325 ST - The Effects of Spiritual Intelligence and Organizational Citizenship Behavior to Employees Performance UR - https://journal.walisongo.ac.id/index.php/economica/article/view/2806 Y2 - 2021/06/23/23:59:14 ER - TY - JOUR TI - Hiijrah: Islamic E-Commerce Disurpted Strategy AU - Maika, M. Ruslianor AU - Kautsar, Irwan Alnarus T2 - Economica: Jurnal Ekonomi Islam AB - The aims of this research is to find an Islamic eCommerce disrupted strategy using 5C model. Our methodologies is a qualitative descriptive to evaluate and describe aspects of innovation based on 5C model. We propose a systematic approach to identify disruptive strategies of Prophet Muhammad displacing the big incumbent market and also provide commercialize the strategy for developing and implementing Islamic Commerce to be electronics. Hijrah is the best disruptive approach that was proven by Prophet Muhammad (PBUH) with the closing of the Bani Qainuqa market. He implemented 4C model commerce, collaboration, communication, connection, and only computation that He can’t. The state art of this research are the customers not only ‘go shopping’, but literally are shopping. While the sellers not only ‘go selling’ but Hijrah with the great intention. It is not only about adopting technology but also as a disrupted strategy. DA - 2019/07/31/ PY - 2019 DO - 10.21580/economica.2019.10.1.3217 DP - DOI.org (Crossref) VL - 10 IS - 1 SP - 57 EP - 86 J2 - Economica LA - en SN - 2541-4666, 2085-9325 ST - Hiijrah UR - https://journal.walisongo.ac.id/index.php/economica/article/view/3217 Y2 - 2021/06/23/23:59:17 ER - TY - JOUR TI - IBNU TAIMIYAH AND HIS CONCEPT OF ECONOMY AU - Islam, Muhammad Hifdil AB - Human life can not be separated from economic problems which involve human relationships sswith other humans, that relationship must be based on the norms - Islamic religious norms that govern all aspects of life including issues related to mu'amalah. In this context, efforts to develop Islamic economic system, we try to look at a concept that is very brilliant idea at the time, as inspiration and guidance. To the authors try to convey the subject - the subject matter of one of the scholars are: Shaykh al-Islam Ibn Taymiyyah related to economic problems, despite the distance between us and the birth of her very much. He lived at the end of the 7th century and the beginning of the 8th century AH, he has a very deep knowledge about the teachings of Islam. Islam today's economy requires a clear view of what to expect and how things can be done. To achieve this required freedom in business and property rights, which are limited by moral law and supervised by the state fair and able to enforce shari'ah law. All economic activities are allowed, except those expressly prohibited by Shari'ah. DP - Zotero SP - 19 LA - en ER - TY - JOUR TI - Strategy Analysis of Building Sharia Residential Property Business Without Banks (A Case Study of “Semarang Ngaliyan Residence” Syariah Housing in West Semarang) AU - Nadzifah, Millatun AU - Fataron, Zuhdan Ady T2 - Jurnal Ilmiah Ekonomi Islam AB - This article is aimed to analyze how the structure of building a sharia home property business without banks. The most recent alternative housing is housing with the concept of sharia without using national banking mortgages. This study used qualitative methods by examining some credible sources in obtaining the data . The results showed that based on the analysis of the residential property business Ngaliyan Residence has been able to answer 9 points of reference BMC analysis (Business Model Canvas) which includes; Value Propositions, Customer Segments, Channels, Customer Relationships, Key Resources, Key Activities, Key Partnerships, andCost Structure. Service strategy is one of the strategies implemented in Ngaliyan Residence for a market segment applied by Ngaliyan Residence, which in turn can realize customer loyalty. DA - 2019/11/28/ PY - 2019 DO - 10.29040/jiei.v5i3.645 DP - DOI.org (Crossref) VL - 5 IS - 3 J2 - JIEI LA - en SN - 2579-6534, 2477-6157 UR - http://jurnal.stie-aas.ac.id/index.php/jei/article/view/645 Y2 - 2021/06/24/07:07:08 ER - TY - JOUR TI - The impact of bank-specific and macroeconomic variables on profitability of Islamic rural bank in Indonesia AU - Sanusi, Muhammad T2 - Jurnal Ilmiah Ekonomi Islam AB - This paper investigates the impact of bank-specific and macroeconomic variables on the profitability of Islamic rural bank (BPRS) in Indonesia. Using monthly time series data from January 2010 December 2018. The estimation model used is a vector error correction model to analyze the longterm and short-term relationships between bank-specific and macroeconomic variables on the profitability of Islamic rural bank. The results showed that CAR and LnTA had a significant positive relationship, while NPF, BOPO and IPI had a negative and significant relationship to the profitability of Islamic rural banks. But FDR and Inflation variables are not significantly related to the profitability of Islamic rural bank. The results leave implications for policy makers, investors and banking sector managers. Based on evidence that bank profitability is more influenced by internal banks (as specific as banks), this research can help Islamic rural banks to help them understand which factors are important to be analyzed to obtain higher profitability. DA - 2019/12/04/ PY - 2019 DO - 10.29040/jiei.v5i3.635 DP - DOI.org (Crossref) VL - 5 IS - 3 J2 - JIEI LA - en SN - 2579-6534, 2477-6157 UR - http://jurnal.stie-aas.ac.id/index.php/jei/article/view/635 Y2 - 2021/06/24/07:07:13 ER -