Jurnal Ekonomi Syariah Teori dan Terapan最新文献

{"title":"Sukuk Trend Analysis: Bibliometric and Systematic Literature Review from 2011 - 2021","authors":"Ryan Rahmah Maulayati, Sri Iswati","doi":"10.20473/vol10iss20234pp377-390","DOIUrl":"https://doi.org/10.20473/vol10iss20234pp377-390","url":null,"abstract":"ABSTRACT\u0000The stability of Islamic finance has made many researchers interested in discussing Islamic finance. Sukuk is included in one of the widely published areas of Islamic finance, making it a topic of discussion in several scholarly forums. This study used the Scopus database, where there were 2,128 articles related to sukuk in the Scopus web in 2011-2021, but only 108 articles were included in the criteria and used as a research sample using bibliometric methods and SLR to obtain results related to publication activities, popular topics, research trends, and recommendations for research directions related to sukuk. In the bibliometric analysis method with the help of biblioshiny applications and SLR analysis by reviewing each article and grouping research topics. The results showed that sukuk related publication articles were spread in several countries that were not restricted. Malaysia is the country with the most publications related to sukuk, and most often conducts research collaborations in both Multiple Country Collaboration (MPC) and Single Country Collaboration (SCP). The results of SLR analysis have four themes that are most discussed in research related to sukuk, so researchers provide recommendations for further research directions that can be used by researchers in the future, such as adding research using qualitative methods or discussing the impact of sukuk performance in real terms not only from secondary data.\u0000Keywords: Bibliometric, Islamic Bond, Sukuk, Systematic Literature Review (SLR).\u0000ABSTRAK\u0000Stabilnya Keuangan Islami menjadikan banyak peneliti yang tertarik membahas Keuangan Islami. Sukuk termasuk dalam salah satu sektor Keuangan Islami yang banyak diterbitkan sehingga menjadikan sukuk sebagai topik bahasan diskusi dalam beberapa forum ilmiah. Penelitian ini menggunakan database scopus dimana terdapat 2.128 artikel terkait sukuk pada tahun 2011-2021 dalam web scopus, akan tetapi hanya 108 artikel yang masuk dalam kriteria dan dijadikan sampel penelitian dengan menggunakan metode bibliometrik dan SLR untuk mendapatkan hasil terkait aktivitas publikasi, tema popular, tren penelitian dan rekomendasi arah penelitian terkait sukuk. Pada metode bibliometrik analisis menggunakan bantuan aplikasi biblioshiny dan analisis SLR dengan melakukan review setiap artikel dan mengelompokkan tema penelitian. Hasil penelitian menunjukkan artikel publikasi terkait sukuk tersebar di beberapa negara yang tidak dibatasi. Malaysia merupakan negara dengan publikasi terbanyak terkait sukuk dan paling sering melakukan kolaborasi penelitian baik secara Multiple Country Collaboration (MPC) dan Single Country Collaboration (SCP). Hasil analisis SLR terdapat empat tema yang paling banyak dibahas dalam penelitian terkait sukuk, sehingga peneliti memberikan rekomendasi arah penelitian selanjutnya yang dapat digunakan oleh peneliti selanjutnya dengan menambah penelitian menggunakan metode kualitatif atau membahas dampak kinerja sukuk secara real bukan","PeriodicalId":127317,"journal":{"name":"Jurnal Ekonomi Syariah Teori dan Terapan","volume":"os-29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127771801","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Determinants of Islamic Banking Profitability: A Comparative Analysis of Indonesia and Malaysia","authors":"Syifa Nurmilla Fathiyyah, Muhammad Muflih","doi":"10.20473/vol10iss20234pp391-402","DOIUrl":"https://doi.org/10.20473/vol10iss20234pp391-402","url":null,"abstract":"ABSTRACT\u0000Islamic banking in Indonesia and Malaysia experienced differences in asset growth and market share, potentially causing dissimilarity in profitability performance. This study aims to evaluate the factors that influence the increase in profitability of Islamic banking in Indonesia and Malaysia using signaling theory including market concentration (HHI), company size and financing risk (NPF), and national income (GDP) as control variables. It analyzed the Indonesian and Malaysian Islamic banks during the period 2017-2021. The method used in this study is comparative descriptive with panel data regression analysis measuring instruments. Based on the results of empirical analysis, factors that affect the profitability of Islamic banking in Indonesia are financing risk, while in Malaysia, it is financing risk and national income. The results of this study update the view on the profitability of Islamic banking in Indonesia and Malaysia. In addition, from the managerial side, this study contributes to creating NPF control in Indonesian Islamic banking because these factors can increase the profitability of the country's Islamic banking. The study also contributes to the development of market concentration strategies, company size, and financing risks in Malaysian Islamic banking as all these factors can increase the profitability of the country's Islamic banking.\u0000Keywords: Islamic Banking, Profitability, Market Concentration, Company Size, Financing Risk\u0000ABSTRAK\u0000Perbankan syariah Indonesia dan Malaysia mengalami perbedaan dalam pertumbuhan aset dan market share sehingga berpotensi menimbulkan perbedaan kinerja profitabilitas. Studi ini bertujuan untuk mengevaluasi faktor yang mempengaruhi peningkatan profitabilitas perbankan syariah di Indonesia dan Malaysia dengan menggunakan signaling theory diantaranya konsentrasi pasar (HHI), ukuran perusahaan dan risiko pembiayaan (NPF) serta pendapatan nasional (GDP) sebagai variabel kontrol. Studi ini menganalisis bank syariah di Indonesia dan Malaysia selama periode 2017-2021. Metode yang digunakan oleh studi ini adalah komparatif deskriptif dengan alat ukur analisis regresi data panel. Berdasarkan hasil analisis empiris, faktor yang mempengaruhi profitabilitas perbankan syariah Indonesia adalah risiko pembiayaan sedangkan di Malaysia adalah risiko pembiayaan serta pendapatan nasional. Hasil penelitian ini memperbaharui pandangan tentang profitabilitas perbankan syariah Indonesia dan Malaysia. Selain itu dari sisi manajerial, studi ini berkontribusi dalam menciptakan pengendalian NPF pada perbankan syariah Indonesia karena faktor tersebut mampu meningkatkan profitabilitas perbankan syariah negara tersebut. Selain itu studi ini juga berkontribusi dalam pengembangan strategi konsentrasi pasar, ukuran perusahaan dan risiko pembiayaan pada perbankan syariah Malaysia karena semua faktor tersebut mampu meningkatkan profitabilitas perbankan syariah negara tersebut.\u0000Kata Kunci: Bank Syariah, Profitabilitas, Ko","PeriodicalId":127317,"journal":{"name":"Jurnal Ekonomi Syariah Teori dan Terapan","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117194537","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Do Determinants of Behaviors Influence the Intention to Invest in Green Sukuk?","authors":"M. I. Affandi, F. Rahmawati","doi":"10.20473/vol10iss20234pp403-414","DOIUrl":"https://doi.org/10.20473/vol10iss20234pp403-414","url":null,"abstract":"ABSTRACT\u0000Green finance is being developed in response to growing environmental concerns. Green sukuk is a type of green finance based on Shariah rules. Green sukuk initiatives have been carried out in Indonesia since 2019. The participation of green sukuk has been consistently increasing every year. This study aimed to determine the cause of this occurrence using green financing knowledge, environmental concern, risk behavior, financial literacy, and intention as observed variables. This research was based on a quantitative method using primary data. The sampling technique used in this study was convenience sampling and 10 times rule for SEM. Data was collected by distributing structured questionnaires to approximately 176 respondents. The respondents came from individuals aged between 20-40 years old, from different educational backgrounds, and from different regions in Indonesia. The results of the structural equation modeling analysis show that green finance knowledge significantly influences intention, while environmental concern and risk behavior significantly influence financial literacy. Financial literacy as a moderating variable has a significant influence on intention. The findings are expected to guide the development of effective marketing strategies for green sukuk to attract investors.\u0000Keywords: Green Sukuk, Behavior, Intention, Financial Literacy\u0000 \u0000ABSTRAK\u0000Bentuk dari kepedulian terhadap lingkungan untuk mengatasi masalah ini adalah dengan pengembangan green finance. Salah satu bentuk dari green finance yang menerapkan prinsip syariah adalah green sukuk. Inisiatif green sukuk telah dilakukan di Indonesia sejak tahun 2019. Tingkat partisipasi green sukuk terus meningkat setiap tahunnya. Tujuan dari penelitian ini adalah untuk memahami faktor di balik fenomena ini. Pendekatan yang digunakan adalah kuantitatif dengan data primer. Teknik sampling yang digunakan dalam penelitian ini adalah convenience sampling dan metode 10 times rule untuk SEM. Pengumpulan data dilakukan dengan membagikan kuesioner terstruktur kepada 176 responden. Responden terdiri dari individu berusia 20-40 tahun, dari beberapa latar belakang pendidikan berbeda, dan dari beberapa wilayah di Indonesia. Dengan bantuan analisis Structural Equation Modelling, hasil dari penelitian ini menunjukkan bahwa green financing knowledge berpengaruh signifikan terhadap minat, sedangkan environmental concerns dan risk behavior berpengaruh signifikan terhadap literasi keuangan. Literasi keuangan sebagai variabel moderasi berpengaruh signifikan terhadap minat. Hasilnya diharapkan dapat memandu pengembangan strategi pemasaran sukuk hijau yang efektif untuk menarik investor.\u0000Kata Kunci: Green Sukuk, Perilaku, Minat, Literasi Keuangan\u0000 \u0000REFERENCES\u0000Abdullah, N., & Nayan, M. A. (2020). Green sukuk: Financing the future to sustainable environment. International Journal of Zakat and Islamic Philanthropy, 2(2), 14–23.\u0000Adhiyogo, I., Dalimunthe, Z., Triono, R. A., & Arif, H. (2022). The inten","PeriodicalId":127317,"journal":{"name":"Jurnal Ekonomi Syariah Teori dan Terapan","volume":"75 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131165200","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Impact of the Covid-19 Pandemic and Macroeconomics on the Sharia Stock Indexes in Indonesia","authors":"M. Ahyar, Angga Hergastyasmawan, Dzul Febrian","doi":"10.20473/vol10iss20234pp322-336","DOIUrl":"https://doi.org/10.20473/vol10iss20234pp322-336","url":null,"abstract":"ABSTRACT\u0000The Covid-19 pandemic has changed economic conditions in various countries, including Indonesia. One of the sectors affected is the capital market sector which can also describe the economic condition of a country through the stock index. This article aimed to analyze the impact of Covid-19 and the macroeconomics on the Islamic stock index in Indonesia (ISSI and JII). Macroeconomic variables are included in the model as an update. This study used a quantitative method using the VECM model. Research variable data were obtained from investing websites (ISSI and JII), Indonesian covid-19 task force websites (Covid-19 Cases), Statistics Indonesia (BPS),and BI (BI Rate, Inflation, Exchange rates, etc.) from March 2020 to December 2022. Based on the research results, covid-19 and the macroeconomics have no effect on the sharia stock index in Indonesia, except for the BI Rate. This is due to the fairly tight fundamental selection of constituent issuers of the Islamic stock index, the speed and accuracy of Covid-19 control and the massive education. This result has implications for the selection of investors in stocks that are included in the Islamic stock index in Indonesia, because it is proven that ISSI and JII are quite immune to the Covid-19 pandemic.\u0000Keywords: Islamic Stock, ISSI, JII, Covid-19 Pandemic, Macroeconomic.\u0000ABSTRAK\u0000Pandemi covid-19 telah merubah kondisi perekonomian di berbagai Negara, termasuk Indonesia. Salah satu sektor yang terdampak adalah sektor pasar modal yang juga dapat menggambarkan kondisi perekonomian suatu Negara melalu indeks saham. Artikel ini bertujuan untuk menganalisis dampak covid-19 dan makro ekonomi terhadap indeks saham syariah di Indonesia (ISSI dan JII). Variabel ekonomi makro yang dimasukkan ke dalam model sebagai pembaharuan, karena indeks saham dapat mencerminkan kondisi ekonomi suatu Negara. Penelitian ini menggunakan metode kuantitatif dengan menggunakan model VECM. Data variabel penelitian diperoleh dari website investing (ISSI dan JII), website satgas covid-19 Indonesia (Total Kasus Covid-19), BPS (BI Rate, Inflasi) dan BI (Kurs, Cadangan Devisa, Jumlah Uang yang Beredar) dari bulan Maret 2020 sampai dengan Desember 2022. Hasilnya pandemi covid-19 dan makro economi tidak berpengaruh terhadap indeks saham syariah di Indonesia, kecuali BI Rate. Hal tersebut dikarenakan cukup ketatnya seleksi fundamental emiten konstituen indeks saham syariah, kecepatan dan ketepatan pengendalian covid-19 serta edukasi pasar modal syariah yang masif. Hasil ini berimplikasi pada pemilihan investor pada saham-saham yang masuk ke dalam indeks saham syariah di Indonesia, karena terbukti bahwa ISSI dan JII cukup kebal dengan adanya pandemi covid-19.\u0000Kata Kunci: Saham Syariah, ISSI, JII, Pandemi Covid-19, Makro Ekonomi\u0000 \u0000REFERENCES\u0000 Abdalloh, I. (2018). Pasar Modal Syariah. Jakarta: Elex Media Komputindo.\u0000Abdullahi, S. I. (2021). Islamic equities and COVID-19 pandemic: measuring Islamic stock indices correlation and volati","PeriodicalId":127317,"journal":{"name":"Jurnal Ekonomi Syariah Teori dan Terapan","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125529565","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Examining an Islamic Financial Inclusivity and Its Impact on Fundamental Economic Variables in Indonesia (An Approach of Static Panel Data Analysis)","authors":"Andre Pupung Darmawan, A. Erlando, Dwi Budi, Santoso","doi":"10.20473/vol10iss20234pp337-351","DOIUrl":"https://doi.org/10.20473/vol10iss20234pp337-351","url":null,"abstract":"ABSTRACT\u0000Previous studies mostly measured sharia financial inclusion using an index consisting of three dimensions: accessibility, availability, and usage. This research develops it by adding a digitalization dimension so that there are 4 dimensions in measuring sharia financial inclusion in Indonesia using an index. The first objective of this study is to visually illustrate the results of calculating the sharia financial inclusion index (in map form) in 33 provinces in Indonesia, using GeoDa software. Second, analyze the impact of sharia financial inclusion variables (the 4 form dimensions) that are calculated, on economic fundamental variables (growth, unemployment, poverty, and inequality) through a quantitative approach based on panel data analysis methods (FEM and REM). The secondary data used comes from the Financial Services Authority (OJK) and the Central Statistics Agency (BPS), in the 2015-2020 period. The results of this study indicate that sharia financial inclusion in Indonesia needs to be increased more evenly, so that it is not stagnant and centered in Java or provinces with a communal Muslim base (viewed from the results of index calculations) because the values ​​are unequal between provinces. Meanwhile, the results of panel data analysis techniques show that variables reflecting the 4 dimensions of sharia financial inclusion have an impact on fundamental economic variables.\u0000Keywords: Sharia Financial Inclusion, Index, GeoDa, Panel data\u0000 \u0000ABSTRAK\u0000Kajian sebelumnya banyak mengukur inklusi keuangan syariah dengan menggunakan indeks yang terdiri dari tiga dimensi: aksessibilitas, availabilitas, dan penggunaan. Penelitian ini mengembangkannya dengan menambah dimensi digitalisasi, sehingga terdapat 4 dimensi dalam mengukur inklusi keuangan syariah di Indonesia menggunakan indeks. Tujuan pertama penelitian ini menggambarkan visual hasil perhitungan indeks inklusi keuangan syariah (dalam bentuk peta) di 33 provinsi yang ada di Indonesia, dengan software GeoDa. Kedua, menganalisis pengaruh variabel inklusi keuangan syariah (4 dimensi pembentuknya) yang dihitung, terhadap variabel fundamental ekonomi (pertumbuhan, tingkat pengangguran, kemiskinan, dan ketimpangan) melalui pendekatan kuantitatif berbasis metode analisis data panel (FEM dan REM). Data yang digunakan bersumber dari Otoritas Jasa Keuangan (OJK) dan Badan Pusat Statistika (BPS), dalam periode 2015-2020. Hasil penelitian ini, menunjukkan bahwa bahwa inklusi keuangan syariah di Indonesia perlu ditingkatkan lebih merata, agar tidak stagnan terpusat di Java atau provinsi dengan basis muslim komunal, jika dilihat dari hasil perhitungan indeks yang nilainya timpang antar porvinsi. Sementara itu, hasil teknik analisis data panel menunjukkan bahwa variabel yang mencerminkan 4 dimensi inklusi keuangan syariah berdampak bagi variabel fundamental ekonomi.\u0000Kata Kunci: Inklusi Keuangan Sharia, Indeks, Geoda, Data Panel.\u0000 \u0000REFERENCES\u0000Allen, J., Cars, G., & Madanipour, A. (2012). Social exc","PeriodicalId":127317,"journal":{"name":"Jurnal Ekonomi Syariah Teori dan Terapan","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116557592","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Product Market Competition, Financial Leverage, Risk of Financing on Financial Stability: Studies on Islamic Banks in Indonesia","authors":"Duwi Ira Setianti, Slamet Haryono","doi":"10.20473/vol10iss20234pp365-376","DOIUrl":"https://doi.org/10.20473/vol10iss20234pp365-376","url":null,"abstract":"ABSTRACT\u0000This study aims to explain and analyze the effect of product market competition, financial leverage, and risk of financing on the stability of Islamic banks in Indonesia in 2018-2022.  The sampling technique used is Islamic banks listed on the Indonesia Stock Exchange.  Source of data obtained from the annual report of each bank.  The analytical method used is panel regression analysis with Eviews 10 software with the Common Effect Model (CEM) model as the best model. The variables used consist of product market competition (PCM), financial leverage (DER proxy), and financing risk (NPF proxy) on banking stability (proximate Natural Logarithm Z-Score).  The results of this study found that product market competition did not affect bank stability.  Meanwhile, financial leverage and financing risk have a negative effect on the stability of Islamic banks in Indonesia.  From the results of this study, it is hoped that competition for Islamic banks in Indonesia can always run normally as it is today.  In addition, the financial leverage and financing risks of Islamic banks have a negative impact on banking stability.  Therefore, this research can be used as an early warning and reference for Islamic banks to make funding decisions through debt capital and excessive financing.\u0000keywords: Banking stability, product market competition, financial leverage, financing risk\u0000ABSTRAK\u0000 Penelitian ini bertujuan untuk menjelaskan dan menganalisis pengaruh persaingan pasar produk, financial leverage, dan risk of financing terhadap stabilitas bank syariah di Indonesia pada 2018-2022. Teknik pengambilan sampel yang digunakan bank syariah yang terdaftar di Bursa Efek Indonesia. Sumber data diperoleh dari laporan tahunan masing masing bank. Metode analisis yang digunakan adalah analisis regresi panel dengan software Eviews 10 dengan model Common Effect Model (CEM) sebagai model terbaik .Variabel yang digunakan terdiri dari persaingan pasar produk (PCM), financial leverage (proksi DER) dan resiko pembiayaan (proksi NPF) terhadap stabilitas perbankan (doproksikan Natural Logarithm Z-Score. Hasil dari penelitian ini menemukan bahwa persaingan pasar produk tidak berpengaruh terhadap stabilitas bank. Sementara financial leverage dan resiko pembiayaan berpengaruh negative terhadap stabilitas bank syariah di Indonesia. Dari hasil penelitian ini, diharapkan persaingan bank syariah di Indonesia dapat selalu berjalan berjalan normal seperti saat ini. Selain itu, financial leverage dan resiko pembiayaan bank syariah berdampak buruk pada stabilitas perbankan. Oleh karena itu, penelitian ini dapat dijadikan early warning dan acuan bagi bank syariah untuk mengambil keputusan pendanaan melalui modal hutang dan pembiayaan yang berlebihan. \u0000Kata Kunci: Stabilitas perbankan, product market competition, financial leverage, resiko pembiayaan\u0000 \u0000REFERENCES\u0000Aiyubbi, D. El, Widarjono, A., & Amir, N. (2022). Dampak diversifikasi pembiayaan sektoral terhadap non-performing financing Ban","PeriodicalId":127317,"journal":{"name":"Jurnal Ekonomi Syariah Teori dan Terapan","volume":"339 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123402653","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Macroeconomic Perspective on the Growth of Corporate Sharia Bonds (Sukuk) in Indonesia","authors":"Erna Apriani, Dian Rachmawati Afandi, Abdul Latif, Aprilianti","doi":"10.20473/vol10iss20234pp352-364","DOIUrl":"https://doi.org/10.20473/vol10iss20234pp352-364","url":null,"abstract":"ABSTRACT\u0000           This study aimed to examine macroeconomic factors such as economic growth, inflation, money supply, unemployment rate, and world oil prices as moderating variables on the growth of corporate Islamic bonds (sukuk) in Indonesia. The method of analysis in this research was quantitative causality with an analytical approach. The analysis technique used was a moderation regression model. The sample in this study was the growth of corporate Islamic bonds (sukuk) for the last ten years, from 2013 to 2022, in monthly data. The results showed that the growth of Sukuk was partially affected by the variables of inflation, money supply, and unemployment. However, the GDP variable does not affect the growth of Sukuk. The moderating variable of world oil prices can moderate the variables of GDP, money supply, and unemployment rate on the growth of Sukuk, but does not moderate the variable of inflation on the growth of Sukuk. The results of this study can be used as an academic reference and information for issuers and potential investors in making investment decisions from macroeconomic factors that have been studied such as inflation, money supply, unemployment rate, and world oil prices.\u0000Keywords: Gross Domestic Product, Macroeconomics, Unemployment Rate, Corporate Sukuk\u0000 \u0000ABSTRAK\u0000Penelitian ini bertujuan untuk mengetahui faktor-faktor makroekonomi seperti pertumbuhan ekonomi, inflasi, uang beredar, tingkat pengangguran, dan harga minyak dunia sebagai variabel moderasi pada pertumbuhan obligasi syariah (sukuk) korporasi di Indonesia. Metode analisis pada penelitian ini ialah kuantitatif kausalitas dengan pendekatan analitik. Teknik analisis yang dipakai menggunakan model regresi moderasi. Sampel penelitian ini ialah pertumbuhan obligasi syariah (sukuk) korporasi sepuluh tahun terakhir, dari tahun 2013 sampai dengan 2022 dalam data bulanan. Hasil penelitian menunjukan secara parsial variabel inflasi, uang beredar, dan tingkat pengangguran mempengaruhi pertumbuhan sukuk, namun berbeda dengan variabel GDP tidak mempengaruhi pertumbuhan sukuk. Variabel moderasi harga minyak dunia mampu memoderasi variabel GDP, uang beredar, dan tingkat pengangguran pada pertumbuhan sukuk, namun tidak memoderasi variabel inflasi pada pertumbuhan sukuk. Hasil penelitian ini dapat dipakai sebagai refrensi akdemisi, dan informasi bagi perusahaan penerbit serta para calon investor dalam menentukan keputusan investasi dari faktor makroekonomi yang telah diteliti seperti inflasi, uang beredar, tingkat pengangguran, dan harga minyak dunia.\u0000Kata kunci: Gross Domestic Product, Makro Ekonomi, Tingkat Pengangguran, Sukuk Korporasi\u0000 \u0000REFERENCES\u0000Abdalloh, I. (2019). Pasar modal syariah. Jakarta: Elex Media Komputindo.\u0000Ahmed, H., Hassan, M. K., & Rayfield, B. (2018). When and why firms issue sukuk? Managerial Finance, 44(6), 774–786. doi:10.1108/MF-06-2017-0207\u0000Ardiansyah, I. H., & Lubis, D. (2017). Pengaruh variabel makroekonomi terhadap pertumbuhan sukuk korporasi di Indo","PeriodicalId":127317,"journal":{"name":"Jurnal Ekonomi Syariah Teori dan Terapan","volume":"15 2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116646566","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Corporate Image As Mediator of Islamic Marketing Mix to Intention in Becoming a Customer of Bank Syariah Indonesia in East Java","authors":"Hani Rosanti, Yayuk Sri Rahayu","doi":"10.20473/vol10iss20233pp305-321","DOIUrl":"https://doi.org/10.20473/vol10iss20233pp305-321","url":null,"abstract":"ABSTRACT\u0000This study aimed to determine the effect of Islamic marketing mix on the intention of the people of East Java to become BSI customers mediated by corporate image. This research method used was quantitative research. The sampling technique in this study used a convenience sampling technique. The research sample was 175 respondents. Respondents were taken from the people of East Java, both those who have become BSI bank customers and those who have the potential to become BSI bank customers. Data was collected by distributing questionnaires. Researchers used questionnaires on the Google form and conducted interviews with some people in the East Java region with the aimed of obtaining information. The results of the study show that there is no influence between the Islamic marketing mix on the intention to become a customer which is mediated by corporate image. This is because the public's intention in becoming customers of BSI bank is mostly motivated by factors or encouragement from oneself, agency obligations, products offered by BSI bank in accordance with community needs, and so on. So, the corporate image is still not able to mediate the Islamic marketing mix on the intention in becoming a customer of BSI bank in East Java. The Islamic marketing mix can influence people's intention in becoming customers, but not the Islamic marketing mix which is mediated by corporate image. The results of this study should be used by BSI bank to improve its corporate image which is a merger of three banks in order to attract the intention of the people of East Java to become customers at BSI bank.\u0000Keywords: Corporate Image, Islamic Marketing Mix, Public Intention, Customers\u0000ABSTRAK\u0000            Penelitian ini bertujuan untuk mengetahui pengaruh Islamic marketing mix terhadap minat masyarakat Jawa Timur menjadi nasabah BSI yang dimediasi oleh citra perusahaan. Metode penelitian ini menggunakan penelitian kuantitatif. Teknik pengambilan sampel dalam penelitian ini menggunakan teknik convenience sampling. Sampel penelitian berjumlah 175 responden. Responden diambil dari masyarakat wilayah Jawa Timur, baik yang sudah menjadi nasabah bank BSI maupun yang berpotensi menjadi nasabah bank BSI. Data dikumpulkan melalui penyebaran kuesioner. Peneliti menggunakan kuisioner pada google form serta melakukan wawancara kepada sebagian masyarakat wilayah Jawa Timur yang bertujuan untuk mendapatkan keterangan atau informasi. Hasil penelitian menunjukkan bahwa tidak terdapat pengaruh antara Islamic marketing mix terhadap minat menjadi nasabah yang dimediasi oleh citra perusahaan. Hal ini dikarenakan minat masyarakat menjadi nasabah bank BSI sebagian besar masih dilatarbelakangi oleh factor atau dorongan dari diri sendiri, kewajiban instansi, produk yang ditawarkan bank BSI sesuai dengan kebutuhan masyarakat, dan lain sebagainya. Jadi, citra perusahaan masih belum dapat memediasi Islamic marketing mix terhadap minat menjadi nasabah bank BSI di Jawa Timur. Islamic market","PeriodicalId":127317,"journal":{"name":"Jurnal Ekonomi Syariah Teori dan Terapan","volume":"82 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128420431","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Macroeconomics, sharia, and economic inequality in The Organization of Islamic Cooperation (OIC): An empirical study","authors":"Zakwan Asrari, Taosige Wau","doi":"10.20473/vol10iss20233pp203-219","DOIUrl":"https://doi.org/10.20473/vol10iss20233pp203-219","url":null,"abstract":"ABSTRACT\u0000This study aimed to determine the factors that influence the level of income inequality in member countries of the Organization of Islamic Cooperation (OC). The research period used was from 2012 to 2021, using the System Generalized Method of Moment (GMM) analysis tool. The variables used consist of the Gini ratio (proxy of income inequality), economic growth, Foreign Direct Investment (FDI), inflation, the average length of schooling (human capital proxy), and corruption perception index (sharia proxy). The results showed that sharia, human, and inflation variables had a negative effect, while economic growth and FDI had a positive and significant effect on income inequality in OIC countries. These results show that in addition to economic factors and human capital, sharia elements cannot be released in overcoming income inequality in OIC countries. Sharia is a driving factor in a more even distribution of income.\u0000Keywords: Income Inequality, Organization of Islamic Cooperation (OIC), System Generalized Method of Moment (GMM), Sharia\u0000ABSTRAK\u0000Penelitian ini bertujuan untuk mengetahui faktor-faktor yang mempengaruhi tingkat ketimpangan pendapatan di negara anggota Organization of Islamic Cooperation (OIC). Periode penelitian yang digunakan adalah dari tahun 2012 sampai dengan tahun 2021, dengan menggunakan alat analisis System Generalized Method of Moment (GMM). Variabel yang digunakan terdiri dari rasio gini (proksi ketimpangan pendapatan), pertumbuhan ekonomi, Foreign Direct Investment (FDI), inflasi, rata-rata lama sekolah (proksi human capital), dan indeks persepsi korupsi (proksi syariah). Hasil penelitian menunjukkan bahwa variabel syariah, human, dan inflasi berpengaruh negatif, sedangkan pertumbuhan ekonomi dan FDI berpengaruh positif  dan signifikan terhadap ketimpangan pendapatan di negara-negara OIC. Hasil ini menunjukkan bahwa selain faktor ekonomi dan human capital unsur syariah tidak bisa dilepaskan dalam mengatasi ketimpangan pendapatan di negara OIC. Syariah menjadi faktor pendorong dalam distribusi pendapatan yang lebih merata.\u0000Kata kunci: Ketimpangan Pendapatan, Organization of Islamic Cooperation (OIC), System Generalized Method of Moment (GMM), Syariah\u0000REFERENCES\u0000Abdulkarim, F. M., & Ali, H. S. (2019). Financial inclusions, financial stability, and income inequality in oic countries: A GMM and quantile regression application. Journal of Islamic Monetary Economics and Finance, 5(2), 419–438. doi:10.21098/jimf.v5i2.1069\u0000Alamanda, A. (2021). The effect of economic growth on income inequality: Panel data analysis from fifty countries. Info Artha, 5(1), 1–10. doi:10.31092/jia.v5i1.1176\u0000Anto, M., H. (2011). Introducing an Islamic Human Development Index (I-HDI) to measure development in OIC countries. Islamic Economic Studies, 19(2), 69–95.\u0000Arellano, M., & Bond, S. (1991). Some tests of specification for panel data: Monte carlo evidence and an application to employment equations. Review of Economic Studies, 58(2), 277–297. ","PeriodicalId":127317,"journal":{"name":"Jurnal Ekonomi Syariah Teori dan Terapan","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114410757","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Compliance Factors of Paying Zakat on Trade for Muslim Fashion Traders at Pusat Grosir Surabaya","authors":"Abdur Rahman Rofi, Sunan Fanani","doi":"10.20473/vol10iss20233pp220-234","DOIUrl":"https://doi.org/10.20473/vol10iss20233pp220-234","url":null,"abstract":"ABSTRACT\u0000This study aimed to determine the effect of education level, income, and self-satisfaction on the compliance of Muslim fashion traders at the Pusat Grosir Surabaya in paying trade zakat. This study used a quantitative research approach, the SEM-PLS analysis technique involving 44 respondents, and purposive sampling technique. The criteria were traders at the Pusat Grosir Surabaya, muslim, have fulfilled haul and nishab, and have paid trade zakat. The research data was in the form of primary data obtained from online questionnaires using a Likert scale with statements from strongly disagree to strongly agree. The findings in this study indicate that income has a significant effect on the compliance of traders in paying trade zakat, while the variables of education level and self-satisfaction have no significant effect. The implication of this research in the development of science is to contribute to literature regarding the factors that influence traders in paying trade zakat. In addition, the implications for zakat practitioners and zakat management institutions that need to be considered are the level of education which has little effect on compliance with trade zakat payments, so it is necessary to increase literacy regarding trade zakat through other media besides religious lessons taught in formal education.\u0000Keywords: Trade Zakat, Zakat Compliance, Self Satisfaction, Education Level, Income.\u0000ABSTRAK\u0000Penelitian ini bertujuan untuk mengetahui pengaruh tingkat pendidikan, pendapatan, dan kepuasan diri terhadap kepatuhan pedagang busana muslim di Pusat Grosir Surabaya dalam membayar zakat perdagangan. Penelitian ini menggunakan pendekatan penelitian kuantitatif dan menggunakan teknik analisis SEM-PLS dengan melibatkan 44 responden serta menggunakan purposive sampling yang kriterianya adalah pedagang di Pusat Grosir Surabaya, beragama islam, sudah memenuhi haul dan nishab, serta pernah membayar zakat perdagangan. Data penelitian berupa data primer yang didapatkan dari hasil kuisioner dengan menggunakan skala Likert dengan keterangan sangat tidak setuju hingga sangat setuju. Temuan pada penelitian ini menunjukkan bahwa pendapatan berpengaruh signifikan terhadap kepatuhan para pedagang dalam membayar zakat perdagangan, sedangkan variabel tingkat pendidikan dan kepuasan diri tidak memiliki pengaruh signifikan. Implikasi penelitian ini dalam pengembangan ilmu pengetahuan yaitu memberikan kontribusi literature mengenai faktor yang mempengaruhi pedagang dalam membayar zakat perdagangan. Selain itu, implikasi bagi praktisi zakat dan lembaga pengelola zakat yang perlu diperhatikan adalah faktor tingkat pendidikan yang memberikan pengaruh yang kecil terhadap kepatuhan membayar zakat perdagangan, sehingga perlu untuk meningkatkan literasi mengenai zakat perdagangan melalui media-media lain selain pelajaran agama yang diajarkan di pendidikan formal.\u0000Kata Kunci: Zakat Perdagangan, Kepatuhan Berzakat, Kepuasan Diri, Tingkat Pendidikan, Pendapatan.\u0000RE","PeriodicalId":127317,"journal":{"name":"Jurnal Ekonomi Syariah Teori dan Terapan","volume":"104 22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127437465","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}