{"title":"Implementation of Sharia Principles in Murabahah Contracts at KCP Bank Muamalat","authors":"Hari Subakti, N. Jannah","doi":"10.17509/rief.v5i1.44450","DOIUrl":"https://doi.org/10.17509/rief.v5i1.44450","url":null,"abstract":"AbstractPurpose – The purpose of this research is to educate the form of contract used by Bank Muamalat KCP Kisaran. Specifically examining how the application of sharia principles to murabah financing contracts at Bank Muamalat KCP Kisaran.Methodology - This research method is qualitative by processing data from sources of documentation, interviews, field observations, and literature which is carried out by descriptive analysis.Findings - This study has the result that the form of the murabahah financing product contract at Bank Muamalat KCP Kisaran is based on the provisions of the Sharia Banking Law, Bank Indonesia, and the DSN-MUI Fatwa. Then, in the murabahah financing contract at Bank Muamalat Kota Kisaran, sharia principles are applied, including the absence of usury elements, no maisir, garar, haram, and unjust elements.Keywords: Murabahah Agreement, Bank Muammalat, Financing Products","PeriodicalId":287186,"journal":{"name":"Review of Islamic Economics and Finance","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125157945","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":"Islamic Marketing in Era Society 5.0 Based on Maqashid As-Syariah Approach","authors":"S. Majidah","doi":"10.17509/rief.v5i1.44443","DOIUrl":"https://doi.org/10.17509/rief.v5i1.44443","url":null,"abstract":"AbstractPurpose - The purpose of this study is to find out the opportunities and challenges of marketing digitalization by adjusting the 4P mix (Product, Price, Place, and Promotion) in a sharia marketing perspective and to analyze strategies that can be used in marketing in the era of society 5.0 based on sharia maqashid. The development of a very dynamic marketing concept from the era of society 1.0 to 5.0 requires companies to make various kinds of progressive breakthroughs in winning market share and loyalty from customers for a long time (long term relations) while still paying attention to the principles of maqashid sharia, namely Mashlahah for the community all stakeholders.Methodology - The research method used is qualitative research with a literature study approach. The results of the study indicate that marketing in the era of society 5.0 which is based on marketing digitalization still requires 4P marketing mix based on sharia values. Artificial Intelligence (AI) requires innovation, efficiency, and Islamic values, one of which is by using the Next Tech and New CX methods in marketing to provide a better customer experience. efficient, and businesses can provide added value to customers. Findings - To win the global competition in digital marketing, a marketer is also required to have several competencies such as; Innovative, Open-minded, agile, IoT friendly, dynamic and collaborative, and religious, while still prioritizing the spiritual values of marketers.Keywords: Islamic Marketing, Maqashid Syariah","PeriodicalId":287186,"journal":{"name":"Review of Islamic Economics and Finance","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125115698","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 Influence of E-WOM on Repurchase Intention with Trust as a Mediating Variable (A Case Study of Wearing Klamby)","authors":"N. Putri, F. Hasib","doi":"10.17509/rief.v5i1.45410","DOIUrl":"https://doi.org/10.17509/rief.v5i1.45410","url":null,"abstract":"AbstractPurpose – This research discusses the influence of E-WOM on Repurchase Intention to Wearing Klamby products. Methodology - The method used is quantitative with Path Analysis for the analysis technique. In the research, the sampling technique used is non-probability sampling, and the non-probability sampling used is the purposive sampling technique. The data used are primary and secondaryFindings - The primary data were obtained by distributing online questionnaires to respondents. The result of this study shows that Trust mediates E-WOM and Repurchase Intention of Wearing Klamby products.Keywords: E-WOM, Trust, Repurchase Intention, Wearing Klamby","PeriodicalId":287186,"journal":{"name":"Review of Islamic Economics and Finance","volume":"419 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116002187","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":"Strategies to Minimize Illegal Digital Lending Practices During The Pandemic Through Islamic Financial Literacy","authors":"Liani Putri Indrianti","doi":"10.17509/rief.v4i2.42184","DOIUrl":"https://doi.org/10.17509/rief.v4i2.42184","url":null,"abstract":"AbstractPurpose – Financial technology lending or digital lending services arguably has the potentials to play an important role in the economic recovery during the pandemic time. However, a number of irresponsible people have illegally exploited the service for their selfish gain. This has resulted in many people whose rights have been jeopardized by the services. This study seeks to find out which of the three aspects, namely literacy, regulation, and implementation, serves as the root of the problem of the widespread practices of illegal digital lending among Indonesians. In addition, the study investigated whether Islamic financial literacy as a solution aspect can serve as the right strategy to minimize the practices of illegal digital lending.Methodology - The Analytical Hierarchy Proces (AHP) was used to explore the expert judgment of regulators, practitioners, and academicians on illegal digital lending. Moreover, experts’ agreement were calculated using Kendall’s Coeficient of Concordance.Findings - The study found that the most significant aspect of problem was the literacy dimension, reaching a perfect agreement. Moreover, the aspect of regulation was found to be the most significant aspect of solution, reaching a moderate agreement. Based on the respondents’ agreement, the Islamic finance literacy indicator of the literacy dimension was more recommended than the regulation dimension as an effective strategy to minimize the practices of illegal digital lending amids the pandemic. Still,the OJK as the authoritative financial service regulator needs to closely and strictly monitor the pratices of financial technology. Keywords: : Financial technology, Digital lending, Sharia financial literacy","PeriodicalId":287186,"journal":{"name":"Review of Islamic Economics and Finance","volume":"74 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-01-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129323479","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}
Rani Puspitaningrum, D. Damanhur, Falahuddin Falahuddin, A. Hasibuan, Selvia Agustin
{"title":"The Role of Micro Small Medium Enterprises (MSMEs) In Halal Industry Enhancement (Case Study of MSMEs in Lhokseumawe – Aceh)","authors":"Rani Puspitaningrum, D. Damanhur, Falahuddin Falahuddin, A. Hasibuan, Selvia Agustin","doi":"10.17509/rief.v4i2.39630","DOIUrl":"https://doi.org/10.17509/rief.v4i2.39630","url":null,"abstract":"AbstractPurpose – This study examined the role of MSMEs in encouraging the halal industry and aimed to determine the problems of MSMEs in supporting the halal industry in Lhokseumawe..Methodology - This study used primary data of qualitative study with descriptive data analysis from five interviewees as an owner of food and beverage MSMEs sector in Lhokseumawe-Aceh. The research method used is a case study approach. Data collection techniques used were interview, observation, and documentation, and data analysis techniques used in this study with data reduction, data presentation, conclusion, and triangulation stages. Findings - The results showed that the role of MSMEs in encouraging the halal industry was relatively low due to the lack of knowledge and awareness of MSME actors in Lhokseumawe city about halal certification that provides services to MSMEs.Keywords: Islamic Economics, Micro Small Medium Enterprises (MSMEs), Halal Industry, Qualitative Method, Consumer Satisfaction","PeriodicalId":287186,"journal":{"name":"Review of Islamic Economics and Finance","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128437959","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":"Islamic Business Ethics: The Key to Success in Family Business (Case Study at Green Hotel Ciamis)","authors":"Kiki Hardiansyah, Fitranty Adirestuty","doi":"10.17509/rief.v4i2.39918","DOIUrl":"https://doi.org/10.17509/rief.v4i2.39918","url":null,"abstract":"AbstractPurpose – This study aims to describe and analyze the application of Islamic business ethics as a necessary component of family business success. The study's subject is a family business in Ciamis Regency, West Java. Islamic business ethics indicators are based on five axioms: monotheism, balance, free will, Ihsan, and responsibility.Methodology - The research method employed is qualitative, using a phenomenology approach, case study and library research. The research data were gathered through observation, interviewing, and documenting.Findings - The research data were gathered through observation, interviewing, and documenting. According to the findings of this study, family businesses seeking success must adhere to Islamic business norms, including monotheism, balance, free choice, Ihsan, and accountability.Keywords: Islamic Business Ethics, Key to Success, Family Business","PeriodicalId":287186,"journal":{"name":"Review of Islamic Economics and Finance","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129370112","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 Foreign Direct Investment in GCC (Gulf Cooperation Council) Countries: Analysis of Economic Growth, Inflation, and Political Stability for the Period 2002-2018","authors":"M. Wijaya, W. Wijianto, M. F. Himmawan","doi":"10.17509/rief.v4i2.36927","DOIUrl":"https://doi.org/10.17509/rief.v4i2.36927","url":null,"abstract":"AbstractPurpose – This research investigates the factors of foreign investment inflows (PMA) that are encouraged in the member countries of the GCC (Gulf Cooperation Council).Methodology - The sample selection for observations was based on six countries, including the United Arab Emirates (UAE), Kuwait, Qatar, Oman, Bahrain, and Saudi Arabia. The data for this study were obtained from the World Bank and Asian Development Bank (ADB) database for the period 2002-2018. This study adopts panel regression analysis and uses the Random Effect Model.Findings - This research reveals that GDP and Inflation are positive and play a significant role in driving FDI inflows in GCC countries. Meanwhile, Political Stability (PSAV) does not have a substantial impact on FDI inflows in the GCC countries. This study shows that the GCC countries must provide a conducive investment environment that is represented by higher GDP growth and is involved in various international trade agreements as these factors have a higher likelihood of impacting inflows FDI. Other than that, rules describing investment priorities among members should be ratified immediately to reduce the percentage of FDI inflows out of GCC countries. Thus, this research provides significant insights for policymakers for the GCC countries to attract FDI inflows into the country.Keywords: Foreign Direct Investment, Gulf Cooperation Council Panel Regression. ","PeriodicalId":287186,"journal":{"name":"Review of Islamic Economics and Finance","volume":"135 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122908627","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":"Analysis of the Influence of Islamic Branding, Halal Awarness and Product Quality on the Purchase Decision of Soka Brand Halal Socks","authors":"Sera Nabila Alitakrim, H. Monoarfa, F. Firmansyah","doi":"10.17509/rief.v4i2.41126","DOIUrl":"https://doi.org/10.17509/rief.v4i2.41126","url":null,"abstract":"AbstractPurpose - The purpose of this study is to analyze whether there is an influence of Islamic branding factors, halal awareness and product quality on purchasing decisions of soka brand halal socks in Indonesia.Methodology - The research method used is descriptive quantitative with technical data analysis using the SEM-PLS method. The research data were obtained from consumers of halal criteria socks in Indonesia, perhaps 210 people.Findings - The results showed that the level of Islamic brands, halal awareness and product quality were in the high category. The Islamic branding variable has no effect on the decision to purchase halal socks, besides that the variable of halal awareness and product quality has a positive influence on the purchase decision of halal soka brand socks. This research is expected to be able to provide benefits for various parties in increasing public understanding of halal fashion, especially halal socks, in order to increase awareness of the halal fashion industry in IndonesiaKeywords: Islamic branding, halal awareness, product quality, halal socks","PeriodicalId":287186,"journal":{"name":"Review of Islamic Economics and Finance","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131053685","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}
S. Utami, Yana Rohmana, F. Firmansyah, Ripan Hermawan
{"title":"The Performance Of Islamic Banking Based On Sharia Maqashid Index (SMI)","authors":"S. Utami, Yana Rohmana, F. Firmansyah, Ripan Hermawan","doi":"10.17509/rief.v4i2.41115","DOIUrl":"https://doi.org/10.17509/rief.v4i2.41115","url":null,"abstract":"AbstractPurpose – This study aims to determine the impact of the implementation of Good Corporate Governance on the Sharia Maqashid Index in Islamic banking in Indonesia.Methodology - The sampling technique in this study was a saturated sample with a sample of 13 Islamic Commercial Banks in Indonesia. The method used in this research is explanatory method with a quantitative approach. Findings - The results showed that Good Corporate Governance had a significant effect on the Sharia Maqashid Index. However, the Sharia Maqashid Index in Islamic Commercial Banks has not experienced a significant increase, so a strategy is needed to improve the performance of Islamic bankingKeywords: Sharia Maqashid Index, Good Corporate Governance, Islamic Bank Performance.","PeriodicalId":287186,"journal":{"name":"Review of Islamic Economics and Finance","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122602526","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":"Analysis of Capital Adequacy in PT Bank Muamalat Indonesia Through Profitability, Financing Risk, and Cost Efficiency","authors":"Handika Adetama, K. Kusnendi, A. Cakhyaneu","doi":"10.17509/rief.v4i1.34318","DOIUrl":"https://doi.org/10.17509/rief.v4i1.34318","url":null,"abstract":"AbstractPurpose - Capital is the main factor for a bank to be able to develop its business growth. The fulfillment of the Bank's Minimum Capital Ratio or known as CAR is determined by the BIS (Bank for International Settlement) at 8%. This study aims to determine and analyze the factors that affect the level of capital adequacy at Bank Muamalat Indonesia. The population in this study is all data on the financial statements of PT Bank Muamalat Indonesia for the period 20012-2019, which have been published on the official website of Bank Muamalat Indonesia, Bank Indonesia, and the Financial Services Authority. The sample in this study is quarterly financial report data on the CAR, ROA, NPF, and BOPO accounts in the financial statements of PT. Bank Muamalat Indonesia in the 2012-2019 period.Methodology - The method used in this research is the descriptive-explanatory method with multiple linear regression analysis. The dependent variable in this study is the Capital Adequacy Level. The independent variables in this study are Profitability Level (ROA), Financing Risk (NPF), and Cost Efficiency (BOPO).Findings - The study results show that the level of profitability and risk of financing has a significant effect on the level of capital adequacy at Bank Muamalat Indonesia. In contrast, the cost-efficiency variable has no significant effect. Partially shows the results that the level of profitability has a significant and significant effect on the level of capital adequacy in a positive direction, financing risk has a significant and significant effect on capital adequacy in a positive direction, and cost efficiency does not affect the amount of capital adequacy in a positive direction.Keywords - Capital Adequacy, Profitability, Financing Risk, Cost Efficiency","PeriodicalId":287186,"journal":{"name":"Review of Islamic Economics and Finance","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127686980","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}