Journal of Islamic Economics and Finance Studies

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ISSN / EISSN : 2723-6730 / 2723-6749
Total articles ≅ 12
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Zhanalia Fitrianisa, Siti Hidayati, Sugianto Sugianto
Journal of Islamic Economics and Finance Studies, Volume 2, pp 1-16; doi:10.47700/jiefes.v2i1.2625

Abstract:
Islamic banking, which is an important foundation in the movement of the country's economy, is required to have good financial performance by competing for the maximum profit. This is an implication of the demands of an increasingly advanced global economy. This study aims to analyze financial performance factors using capital, liquidity and operational efficiency variables on the profit growth of Islamic Commercial Banks (BUS) registered with the Financial Services Authority (OJK) for the period 2015 to 2019. This study uses a quantitative approach. The data used in this study is secondary data with a sample collection method using saturated sampling of 14 Islamic Commercial Banks. Data analysis in this study was carried out using panel data regression analysis with the E-Views version 10.0 program with a significance level of 5%. The results of this study indicate that capital (Capital Adequacy Ratio) has a negative effect on profit growth. In addition, liquidity (Financing Debt to Ratio) has a positive effect on profit growth. And the operational efficiency variable (Operational Expenses on Operating Income) has a negative effect on profit growth.AbstrakPerbankan syariah yang merupakan pondasi penting dalam pergerakan perekonomian negara, dituntut untuk memiliki kinerja keuangan yang baik dengan bersaing mendapatkan laba sebesar-besarnya. Hal ini merupakan implikasi dari adanya tuntutan perekonomian global yang semakin maju. Penelitian ini bertujuan untuk menganalisa faktor-faktor kinerja keuangan dengan menggunakan variabel permodalan, likuiditas dan efisiensi operasional terhadap pertumbuhan laba Bank Umum Syariah (BUS) yang terdaftar di Otoritas Jasa Keuangan (OJK) periode 2015 sampai 2019. Penelitian ini menggunakan pendekatan kuantitatif. Data yang digunakan dalam penelitian adalah data sekunder dengan metode pengumpulan sampel menggunakan sampling jenuh terhadap 14 Bank Umum Syariah. Analisis data dalam penelitian ini dilakukan dengan menggunakan analisis regresi data panel dengan program E-Views versi 10.0 dengan taraf signifikansi 5%. Hasil dari penelitian ini menunjukkan bahwa permodalan (Capital Adequacy Ratio) berpengaruh negatif terhadap pertumbuhan laba. Selain itu, likuiditas (Financing Debt to Ratio) berpengaruh positif terhadap pertumbuhan laba. Dan variabel efisiensi operasional (Beban Operasional terhadap Pendapatan Operasional) berpengaruh negatif terhadap pertumbuhan laba.
Apriliani Dwi Tandy,
Journal of Islamic Economics and Finance Studies, Volume 2, pp 34-55; doi:10.47700/jiefes.v2i1.2793

Abstract:
Technological developments that have penetrated the financial sector have provided convenience and comfort for the public in digitally transacting, including in donating. The condition of the Covid-19 pandemic has also required people to work from home, so that donation transactions made through digital applications are very relevant to be implemented. This study aims to see the effect’s comparison of user experience on the donation interest through the digital wallet applications of Gopay, OVO, DANA, and LinkAja in teachers and staffs who work at the Vocational High School 1 Jambi City. The method used is the non-probability sampling with a sample size of 118 respondents. The measurement of user experience in this study used simplicity, security, and convenience factors. Analysis of comparative used the Kruskal Wallis H test with SPSS version 25 software. The results showed that there were differences in simplicity, security, convenience and user experience between the interest in donating users through the digital wallet application of Gopay, OVO, DANA, and LinkAja. This study is based on the author’s thoughts so that the originality can be responsible.AbstrakPerkembangan teknologi yang merambah sektor keuangan, telah memberikan kemudahan dan kenyamanan bagi masyarakat dalam bertransaksi secara digital, termasuk dalam berdonasi. Kondisi pandemi Covid-19 juga telah menuntut masyarakat untuk beraktivitas dari rumah, sehingga transaksi berdonasi yang dilakukan melalui aplikasi digital sangat relevan untuk diterapkan. Penelitian ini bertujuan untuk mengetahui perbandingan pengaruh user experience terhadap minat berdonasi melalui aplikasi dompet digital Gopay, OVO, DANA, dan LinkAja pada Guru dan Staf yang bekerja di SMK Negeri 1 Kota Jambi. Metode yang digunakan adalah metode non-probability sampling dengan jumlah sampel sebanyak 118 responden. Pengukuran user experience pada penelitian ini menggunakan faktor kemudahan, keamanan, dan kenyamanan. Analisis perbandingan menggunakan uji Kruskal Wallis H dengan software SPSS versi 25. Hasil penelitian menunjukkan bahwa terdapat perbedaan kemudahan, keamanan, kenyamanan, dan pengalaman pengguna antara minat berdonasi pengguna aplikasi dompet digital Gopay, OVO, DANA, dan LinkAja. Artikel ini didasarkan pada pemikiran penulis sehingga dapat dipertanggungjawabkan keasliannya.
Septiana Indarwati
Journal of Islamic Economics and Finance Studies, Volume 2, pp 56-74; doi:10.47700/jiefes.v2i1.2780

Abstract:
This research attempts to explore to what extent the sensitivity volatility of Islamic stock markets in Indonesia toward macroeconomics. The writer examines inflation, exchange rates, money supply (JUB), interest rates (BIRATE), and Industrial Production Index (IPI) as part of the macroeconomic variables. Meanwhile, the writer also uses Jakarta Islamic Index (JII) as the measurements for Islamic stock markets. This research uses the calculation of the stock return volatility based on the Generalized Autoregressive Conditional Heteroscedasticity (GARCH (2, 1)) combined with Regressive Distributed Lag (ARDL) analysis. The writer uses monthly data from Indonesia Stock Exchange, starting from January 2006 to December 2019 as part of the data collection. This research found that BIRATE has a negative effect on the conventional stock market while the Islamic stock market has a positive and insignificant effect on the level α = 5%. It points out the Islamic principles that the interest rate is not a significant variable in explaining the stock market’s volatility. According to the finding of this research, the writer argues that stabilizing interest rates will not significantly impact the volatility of the Islamic stock market.AbstrakPenelitian ini mencoba untuk mengeksplorasi sejauh mana sensitivitas volatilitas pasar saham syariah di Indonesia terkait dengan ekonomi makro. Penulis menggunakan inflasi, nilai tukar rupiah, penawaran uang (JUB), suku bunga (BI rate) dan Indeks Produksi Industri (IPI) sebagai pengukuran dari ekonomi makro. Sementara itu, penulis menggunakan Jakarta Islamic index (JII) sebagai pengukuran pasar saham syariah. Penelitian ini menggunakan perhitungan volatilitas return saham dengan Generalized Autoregressive Conditional Heteroskedasticity (GARCH (2, 1) dikombinasikan dengan Analisis Autoregressive Distributed Lag (ARDL). Pengumpulan data dalam penelitian ini menggunakan data bulanan dari Bursa Efek Indonesia dari bulan Januari 2006 sampai Desember 2019. Penelitian ini menemukan bahwa, variable BI Rate tidak berpengaruh signifikan terhadap pasar saham syariah pada taraf α=5%. Ini menyoroti prinsip-prinsip Islam bahwa tingkat bunga bukanlah variabel yang signifikan dalam menjelaskan volatilitas pasar saham. Menurut temuan pada penelitian ini, penulis memberikan dukungan lebih lanjut bahwa menstabilkan suku bunga tidak akan berdampak signifikan pada volatilitas pasar saham syariah.
Herianto Herianto, Andi Ajeng Tenri Lala, Nurpasila Nurpasila
Journal of Islamic Economics and Finance Studies, Volume 2, pp 94-109; doi:10.47700/jiefes.v2i1.2808

Abstract:
This study aimed to compare consumption behavior before and during the pandemic, also to analyze the health and sharia aspects of food or products consumed. This paper is based on the population in the study with a sample of 100 people, using judgment sampling with the Slovin formula. Data were collected by distributing online questionnaire. This type of research is cross sectional study using descriptive quantitative analysis method. The results showed that the people's consumption behavior before and during the pandemic experienced changes by looking at the 13 indicators in the questionnaire with an average change of over 50 percent. This changing condition is believed to have occurred due to one of the impacts of the government's recommendation to avoid crowds by implementing the PSBB policy. Correspondingly, the change in consumption behavior during a pandemic, as found in this study, lies in the uncertainty of the country's economic situation due to the pandemic. This paper suggests the need to expand the scope of the research area and add data sources to allow understanding of the impact of a pandemic on changes in people's consumption behavior in a deep and comprehensive manner.AbstrakPenelitian ini bertujuan untuk membandingkan perilaku konsumsi sebelum dan selama pandemi serta menganalisis aspek kesehatan dan kesyariahan dari makanan atau produk yang dikonsumsi. Tulisan ini didasarkan pada populasi dalam penelitian dengan sampel 100 orang, menggunakan jenis sampel judgment sampling dengan menggunakan rumus slovin. Data dikumpulkan dengan penyebaran kuesioner secara online. Jenis penelitian cross sectional study menggunakan metode analisis kuantitatif deskriptif. Hasil penelitian menunjukkan bahwa perilaku konsumsi masyarakat sebelum dan selama pandemi mengalami perubahan dengan melihat dari 13 indikator yang ada dalam kuesioner dengan rata-rata perubahan mengalami peningkatan di atas 50 persen. Kondisi perubahan tersebut diyakini terjadi karena salah satu dampak adanya anjuran pemerintah untuk menghindari kerumunan dengan menerapkan kebijakan PSBB. Sejalan dengan itu, perubahan perilaku konsumsi selama pandemi, sebagaimana ditemukan pada studi ini, terletak pada ketidakpastian situasi ekonomi negara akibat pandemi. Tulisan ini menyarankan perlunya perluasan cakupan wilayah penelitian dan penambahan sumber data untuk memungkinkan dipahaminya dampak pandemi pada perubahan perilaku konsumsi masyarakat secara mendalam dan komprehensif.
Wildan Munawar
Journal of Islamic Economics and Finance Studies, Volume 2, pp 17-33; doi:10.47700/jiefes.v2i1.2731

Abstract:
Nazir has a central role in management and development of waqf assets. A nazir’s method of managing waqf assets will decide the quality and quantity of the use of waqf assets, so that the existence of a professional work team will make the waqf assets more developed and productive. The purpose of this study was to determine the professionalism of waqf nazir by analyzing the management of productive waqf in the Daarut Tauhiid Bandung waqf institution. This research used a qualitative descriptive approach by analyzing productive waqf management from three aspects, namely nazir, waqf assets, and finance at the Daarut Tauhiid waqf institution. The data collection techniques are observation, interviews, documentation, and literature study. The data analysis technique used interactive model analysis by Miles and Huberman. The findings of this study indicate that productive waqf management at the Daarut Tauhiid Waqf Institution, which is reflected in three aspects, namely nazir, asset management, and financial reporting has gone well. This is supported by professional and competent nazirs in managing and developing waqf assets productively through collaboration with various parties; as well as management of waqf finances in a transparent and accountable manner through reporting to BWI, the community and waqif. AbstrakNazir memiliki peran sentral dalam pengelolaan dan pengembangan aset wakaf. Cara nazir dalam memperlakukan aset wakaf akan menentukan kualitas dan kuantitas pemanfaatan aset wakaf, sehingga keberadaan tim kerja yang profesional menjadikan aset wakaf akan semakin berkembang dan produktif. Tujuan penelitian ini untuk mengetahui profesionalitas nazir wakaf dengan menganalisa manajemen wakaf produktif di lembaga wakaf Daarut Tauhiid Bandung. Metode penelitian ini menggunakan pendekatan deskriptif kualitatif dengan menganalisa manajemen wakaf produktif dari tiga aspek, yaitu nazir, aset wakaf, dan keuangan di lembaga wakaf Daarut Tauhiid. Adapun teknik pengumpulan data menggunakan observasi, wawancara, dokumentasi dan studi kepustakaan. Teknik analisis data menggunakan analisis model interaktif Miles dan Huberman. Temuan penelitian ini menunjukkan bahwa manajemen wakaf produktif di Lembaga Wakaf Daarut Tauhiid yang direfleksikan melalui tiga aspek yaitu nazir, pengelolaan aset, dan pelaporan keuangan telah berjalan dengan baik. Hal ini didukung oleh para nazir yang profesional dan kompeten dalam mengelola dan mengembangkan aset wakaf secara produktif melalui kerja sama dengan berbagai pihak, dan juga pengelolaan keuangan wakaf secara transparan dan akuntabel melalui pelaporan kepada BWI, masyarakat dan waqif.
Luthfi Kurniawan, Marlina Tanjung, Sri Mulyantini
Journal of Islamic Economics and Finance Studies, Volume 2, pp 75-93; doi:10.47700/jiefes.v2i1.2105

Abstract:
Capital is a basic element in running a business. Capital adequacy for Islamic banking is one of the main indicators for assessing the performance of Islamic banking. This study aims to examine the factors that affect capital adequacy in the Islamic banks in Indonesia. This study will examine the impact of profitability, non-performing financing, liquidity, efficiency, and bank size on capital adequacy in the Islamic banks in Indonesia. The data used in this study is secondary data with the sample collection method using saturated sampling. Thus, the population and sample are the same, namely 14 Islamic Commercial Banks. Data analysis used descriptive statistics and panel data regression analysis with the E-views 10 application and Microsoft Excel 2016. This study found that partially, from the five variables tested, there were four independent variables that had an influence on capital adequacy, namely probability profitability, liquidity, efficiency and bank size. Meanwhile, the non-performing financing variable does not have a significant effect on the capital adequacy of Islamic Banks in Indonesia.AbstrakModal merupakan unsur pokok dalam menjalankan bisnis. Kecukupan modal bagi perbankan syariah menjadi salah satu indikator utama penilaian kesehatan perbankan syariah. Penelitian ini bertujuan untuk menguji faktor-faktor yang memengaruhi kecukupan modal bank syariah di Indonesia. Penelitian ini akan menguji dampak profitabilitas, pembiayaan bermasalah, likuiditas, efisiensi, dan ukuran bank terhadap kecukupan modal bank syariah di Indonesia. Data yang digunakan adalah data sekunder dengan metode pengumpulan sampel menggunakan sampling jenuh, dengan populasi dan sampel sama banyak yaitu 14 Bank Umum Syariah. Teknik analisis data dilakukan menggunakan statistik deskriptif dan analisis regresi data panel dengan aplikasi E-views 10 dan Microsoft Excel 2016. Penelitian ini menemukan bahwa secara parsial, dari lima variabel yang diuji, terdapat empat variabel independen yang memiliki pengaruh terhadap kecukupan modal, yaitu probabilitas, likuiditas, efisiensi dan ukuran bank. Sementara itu, variabel pembiayaan bermasalah tidak berpengaruh signifikan terhadap kecukupan modal bank syariah di Indonesia.
Annisa Nadya, Marlina Tanjung, Sugianto Sugianto
Journal of Islamic Economics and Finance Studies, Volume 1; doi:10.47700/jiefes.v1i2.2095

Abstract:
This research is a quantitative study to determine the effect of inflation, BI interest rates, capital influences and problematic financing on financing at Islamic banks. The dependent variable in this study is financing. While the independent variables in this study are inflation, BI interest rates, capital, and problem financing. The population of this study is Sharia Commercial Banks registered with the Financial Services Authority, which amounts to 14 Banks. The sample selection uses non probability sampling. The data used are secondary data with panel data analysis method using e-views 10. The sample used was 14 Sharia Bank for the period of 2016-2018. The results of panel data regression with a significance level of 0.05 indicate that inflation, BI interest rates, and problematic financing have no effect on financing, and capital influences has effect on financing.
Maya Apriyana, Sahlan Hasbi
Journal of Islamic Economics and Finance Studies, Volume 1, pp 173-190; doi:10.47700/jiefes.v1i2.2115

Abstract:
This study aims to determine the most dominant factors affecting the cooperative preference in the conversion into a cooperative sharia. The research method using the quantitative approach to the technique of factor anaysis. The results indicate that regulatory support, promotion and profit sharing rate is the most dominant factor or a major factor for the preference of cooperative in the conversion into a cooperative sharia. Meanwhile religion, information, and image is a supporting factor for the preference of cooperatives in the conversion into a cooperative sharia.
Nonie Afrianty
Journal of Islamic Economics and Finance Studies, Volume 1; doi:10.47700/jiefes.v1i2.2057

Abstract:
Islamic branding as an attraction for consumers to buy. Muslim consumers are required to be selective in choosing products to consume. Halal label on product packaging does not necessarily guarantee the halal product. Some people do not see the product ingredients in buying consumer products tend to follow the Trand and the properties obtained from these products. This study aims to determine the effect of Islamic Branding and Product Ingredients Against Interest in Buying HNI-HPAI Products in Bengkulu City, the population that is the object of this research is the Consumer of HNI-HPAI Products at Al-Fatih Business Center II HPAI Bengkulu City, The samples used are as many as 94 people were sampled in this study, using the accidental sampling method. The analytical method used in this study is the multiple regression analysis method with the application of SPSS16. The results of the research are based on partial hypothesis testing (t test) showing that the Islamic Branding and Product Ingredients variables significantly influence buying interest. The results of the F test Islamic branding and product ingredients together have a positive and significant effect on buying interest. This can be seen in the calculated F value of 70.676 and a significant value of 0.000
Tiara Dhea Octavianti
Journal of Islamic Economics and Finance Studies, Volume 1, pp 137-152; doi:10.47700/jiefes.v1i2.1969

Abstract:
Fiqh muamalah is a rule or procedure that can be used as a guide for humans to communicate with each other through cooperation using Islamic legal guidelines. One of them is the Ijarah method or lease. Meeting the needs of babies is one of the top priorities in the family. One of them is fulfilling the needs of baby equipment which aims to make it easier for parents to care for their children. Besides that, it is also for comfort and helps the development of children. However, the high price and the limited use period along with the development of the baby are the factors inhibiting the fulfillment of these needs. One way to meet these needs is by renting. The baby equipment rental business is one of the most open business opportunities and is needed by the community. One of these business actors is the Baby Farra Rental baby equipment rental. Although the rental system carried out at Baby Farra rental still uses conventional methods. Business owners, employees and consumers of Baby Farra Rental also do not know about what the Ijarah Agreement is, but in the implementation of the lease it is in accordance with the principles and conditions of the ijarah including starting from Aqil or the person who leases the lease, sighat contract or consent qabul, ujroh or fee rent and the benefits of the ijarah itself. The existence of a baby equipment rental business is very beneficial financially for the community, especially families who have babies who have economic limitations.
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