Jurnal Ekonomi dan Keuangan Islam最新文献

The role of financial performance on the profitability of Indonesian Islamic banks 财务绩效对印尼伊斯兰银行盈利能力的作用

Jurnal Ekonomi dan Keuangan Islam Pub Date : 2023-07-31 DOI: 10.20885/jeki.vol9.iss2.art9

Lidia Sjarief, Muhammad Abdul Ghoni, Muchammad Taufiq Affandi

{"title":"The role of financial performance on the profitability of Indonesian Islamic banks","authors":"Lidia Sjarief, Muhammad Abdul Ghoni, Muchammad Taufiq Affandi","doi":"10.20885/jeki.vol9.iss2.art9","DOIUrl":"https://doi.org/10.20885/jeki.vol9.iss2.art9","url":null,"abstract":"Purpose – This study aims to analyse the effect of non performing financing (NPF), capital adequacy ratio (CAR), financing to deposit ratio (FDR), and Bank Indonesia shariah promissory notes (SBIS) on Islamic banks’ profitability (ROA) in Indonesia.Methodology – The data set consists of 10 Islamic banks operating in Indonesia between 2017—2021. The secondary data was collected from the Financial Services Authority (Otoritas Jasa Keuangan, OJK). A method of panel data is used for this study by using Stata 17 to process the data.Findings – The estimation results showed that NPF partially has a significant negative relationship on ROA, both CAR and SBIS have a significant effect on ROA, while FDR does not affect ROA. Simultaneously, NPF, CAR, and FDR do not affect ROA. But NPF, CAR, FDR, and SBIS simultaneously have a positive and significant effect on the Islamic Bank's profitability (ROA) by the year 2017 – 2021.Implications – Islamic banks need to be more selective in providing financing to customers so that financing risks can be minimized. In addition, CAR and SBIS need to be increased or maintained so that the profitability level of Islamic banks can be maximized.Originality – This research tries to re-examine the effect of financial performance on the profitability of Islamic banks in 2017-2021.","PeriodicalId":34834,"journal":{"name":"Jurnal Ekonomi dan Keuangan Islam","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135358695","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}

引用次数: 0

The effect of e-service quality on e-loyalty of Islamic banking customers: Does e-satisfaction act as mediator? 电子服务质量对回教银行客户电子忠诚的影响:电子满意度是否起中介作用?

Jurnal Ekonomi dan Keuangan Islam Pub Date : 2023-07-24 DOI: 10.20885/jeki.vol9.iss2.art6

M. Rezeki, M. Majid, Salina Kassim

{"title":"The effect of e-service quality on e-loyalty of Islamic banking customers: Does e-satisfaction act as mediator?","authors":"M. Rezeki, M. Majid, Salina Kassim","doi":"10.20885/jeki.vol9.iss2.art6","DOIUrl":"https://doi.org/10.20885/jeki.vol9.iss2.art6","url":null,"abstract":"Purpose – This study aims to measure and analyze the mediating role of e-satisfaction on the effect of e-service quality on e-loyalty of the customers of Bank Syariah Indonesia (BSI) in Banda Aceh, Indonesia.Methodology – This study gathered the primary data by distributing questionnaires to a number of 200 BSI customers that were selected as the respondents of the study using a purposive sampling technique. A Structural Equation Modelling (SEM) technique is used to test the four proposed hypotheses.Findings – The study recorded that e-service quality has positively affected the e-satisfaction and e-loyalty of the BSI customers, respectively. E-satisfaction enjoyed by banking customers has enhanced their e-loyalty. In addition, the study documented that e-satisfaction has a partial mediating effect on the relationship between e-service quality and the BSI customers’ e-loyalty.Implications – The findings of the study suggest that to promote the customers’ e-loyalty, the BSI management should focus on improving customers’ e-satisfaction by strengthening e-service quality.Originality – This study explored the mediating role of e-satisfaction on the effect of e-service quality on e-loyalty, focusing on the users of e-banking facilities of the largest Islamic banking institution in Indonesia. Therefore, this study provides significant guidelines for the Islamic banks in maintaining and enhancing e-loyalty of customers through improving their customer satisfaction by providing a high quality of services digitally nationwide.","PeriodicalId":34834,"journal":{"name":"Jurnal Ekonomi dan Keuangan Islam","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73861976","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}

引用次数: 0

Does board diversity in Islamic banks matter? 伊斯兰银行董事会的多样性重要吗?

Jurnal Ekonomi dan Keuangan Islam Pub Date : 2023-07-17 DOI: 10.20885/jeki.vol9.iss2.art5

T. Taufiqurrahman

{"title":"Does board diversity in Islamic banks matter?","authors":"T. Taufiqurrahman","doi":"10.20885/jeki.vol9.iss2.art5","DOIUrl":"https://doi.org/10.20885/jeki.vol9.iss2.art5","url":null,"abstract":"Purpose – This paper discusses the diversity of boards and the performance of Islamic banks in three different conditions. Specifically, I will prove whether the diversity of the board is important for the performance of Islamic banks in normal conditions, turbulence, and recovery.\u0000Methodology – The data includes all Islamic and conventional commercial banks in Indonesia during 2018-2022. The research period is divided into normal, turbulent, and recovery conditions. The data were analyzed with a panel regression model.\u0000Findings – The results show that the level of board diversity in Islamic banks is lower than that of their conventional counterparts. In general, the level of board diversity is very important to encourage better bank performance. The effect of board diversity on performance is only significant in recovery conditions, but in times of turbulence, it is the opposite. In addition, I also find that diversity is most important for the BoD, while for the BoC it is the opposite.\u0000Novelty – This study is different from previous research. This study examines the factors of board diversity as a whole and focuses on board diversity as a whole. Therefore, this research will better reflect the actual conditions.\u0000Originality – This is the first paper to study the relationship between board diversity and bank performance in three conditions. It is also the first to compare the effects of diversity on Islamic banks with their conventional counterparts.","PeriodicalId":34834,"journal":{"name":"Jurnal Ekonomi dan Keuangan Islam","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75763074","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}

引用次数: 0

The asymmetric impact of macroeconomic variables on Islamic bank home financing in Indonesia 宏观经济变量对印尼伊斯兰银行住房融资的不对称影响

Jurnal Ekonomi dan Keuangan Islam Pub Date : 2023-07-17 DOI: 10.20885/jeki.vol9.iss2.art1

Faaza Fakhrunnas, M. Chowdhury, M. Anto

引用次数: 0

Analysis of determining optimal portfolio in BPKH’s portfolios using Tangency Portfolio model 用切线投资组合模型分析BPKH投资组合中最优投资组合的确定

Jurnal Ekonomi dan Keuangan Islam Pub Date : 2023-07-17 DOI: 10.20885/jeki.vol9.iss2.art3

Agam Maulana Ardi, Darwanto Darwanto

{"title":"Analysis of determining optimal portfolio in BPKH’s portfolios using Tangency Portfolio model","authors":"Agam Maulana Ardi, Darwanto Darwanto","doi":"10.20885/jeki.vol9.iss2.art3","DOIUrl":"https://doi.org/10.20885/jeki.vol9.iss2.art3","url":null,"abstract":"Purpose – This study aims to analyze the actual portfolio of BPKH from the hajj fund investment and examine the optimization investment portfolio for BPKH based on PP No.5 Tahun 2018.Methodology – The data used in this study was quarterly in the form of price and coupon for Sukuk instruments and the equivalent of yield rate for Sharia deposits. This study uses the Markowitz Diversification method with the Tangency Portfolio model as a model to determine optimal portfolio. Findings – The result of this study showed that BPKH’s actual portfolios in 2018 and 2019 can’t be determined as efficient portfolios and the optimal portfolio. Meanwhile, BPKH’s actual portfolios in 2020 and 2021 are included as efficient portfolios but not optimal portfolio. The result of an optimal portfolio in this study has a composition as follows: 30% of Sharia deposits, 5,60% of SBSN, and 64,40% of SDHI.Implication – The finding of an optimal portfolio can recommend BPKH to allocate most of the hajj fund in SDHI than SBSN because the SBSN has high risk and still to allocate in Sharia deposits as worth maximum based on regulation in PP No.5 Tahun 2018. BPKH needs to diversify hajj fund investment wider such as Lembaga Tabung Haji (LTH) has done in Malaysia.Originality – This study contributes to evaluate of whether BPKH’s actual portfolios in the first third years since BPKH operation and after the first third years of BPKH operation are efficient and optimal or not. Furthermore, this study provides a combination of instruments in the scenario optimal portfolio.","PeriodicalId":34834,"journal":{"name":"Jurnal Ekonomi dan Keuangan Islam","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83628868","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}

引用次数: 0

Nexus between financial inclusion and Islamic financing distribution: Evidence from Indonesian MSMEs 普惠金融与伊斯兰融资分布之间的关系:来自印尼中小微企业的证据

Jurnal Ekonomi dan Keuangan Islam Pub Date : 2023-07-11 DOI: 10.20885/jeki.vol9.iss2.art2

S. Y. Ninglasari, Sulaeman Sulaeman, Indri Supriani, M. F. Himmawan

{"title":"Nexus between financial inclusion and Islamic financing distribution: Evidence from Indonesian MSMEs","authors":"S. Y. Ninglasari, Sulaeman Sulaeman, Indri Supriani, M. F. Himmawan","doi":"10.20885/jeki.vol9.iss2.art2","DOIUrl":"https://doi.org/10.20885/jeki.vol9.iss2.art2","url":null,"abstract":"Purpose – The purpose of this study is to investigate the relationship between financial inclusion and the distribution of Islamic banking financing to Indonesia's MSME industry.Methodology – This study utilizes the Vector Error Correction Model (VECM) approach covering the period between 2015 to 2020.Findings – The study's findings suggest that the use of all-inclusive financial variables, as represented by the number of ATMs, branch offices, and Third-Party Fund (TPF), has a significant effect on the distribution of financing in the short-term but not in the long term. Furthermore, macroeconomic as well as internal control variables, such as inflation and Non-Performing Financing, have been shown to have a significant influence. The impulse-response function analysis shows that the financing distribution responds positively to financial inclusion variables such as ATMs and branch offices. TPF, inflation, ROA, and exchange rate variables were found to have negative responses in the case of a shock.Implications – The findings of this study are expected to be used as a basis to develop government policies, particularly in supporting the post-COVID-19 national economic recovery through a comprehensive financial program that can broaden access to financing from Islamic banks for the general public, particularly MSME actors who have been severely impacted by the COVID-19 pandemic.Originality – This investigation utilizes three distinct indicators to assess the relationship between Islamic financing distribution in Islamic banking and financial inclusion for MSMEs. These include measures of financial inclusion, financial performance metrics of Islamic banking institutions, and macroeconomic variables.","PeriodicalId":34834,"journal":{"name":"Jurnal Ekonomi dan Keuangan Islam","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-07-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87421726","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}

引用次数: 0

Are sharia bank financings in Indonesia procyclical? 印尼的伊斯兰银行融资是顺周期的吗?

Jurnal Ekonomi dan Keuangan Islam Pub Date : 2023-07-11 DOI: 10.20885/jeki.vol9.iss2.art4

Arifa Pratami, Akhsyim Afandi, J. Sriyana, Nur Feriyanto

{"title":"Are sharia bank financings in Indonesia procyclical?","authors":"Arifa Pratami, Akhsyim Afandi, J. Sriyana, Nur Feriyanto","doi":"10.20885/jeki.vol9.iss2.art4","DOIUrl":"https://doi.org/10.20885/jeki.vol9.iss2.art4","url":null,"abstract":"Purpose – The study aims to determine whether Islamic banks' debt financing and equity financing are procyclical or counter-cyclical.Methodology – The data used in this study cover eight Islamic commercial banks and span from 2008 to 2020, thereby including 72 observations. The analysis employs the dynamic panel data model estimated using the GMM method (Generalized Method of Moments).Findings –The debt-based financing, under murabahah, salam, istishna, and ijarah contracts, did not display clear procyclical or counter-cyclical behavior. In contrast, equity financing based on mudharabah and musyarakah contracts demonstrated procyclical characteristics concerning economic fluctuation.Implications – Policymakers need to pay more attention to Islamic banks with a greater proportion of equity financing for both micro and macroprudential policy purposes since procyclicality is likely to be associated with higher risks. Similarly, Islamic banks with greater proportion of equity financing need to watch carefully the behavior of their equity financing concerning its effect on risks for the purpose of their risk management and prudential policy. Originality – This research paper fills in the absence of studies that examine which category of Islamic bank financing – debt-based or equity-based financing - is more procyclical.","PeriodicalId":34834,"journal":{"name":"Jurnal Ekonomi dan Keuangan Islam","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-07-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90505123","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}

引用次数: 0

E-zakat fund accountability: Study on amil zakat institution Lazismu in Tokopedia E-zakat基金问责制:Tokopedia中伊斯兰天课机构Lazismu的研究

Jurnal Ekonomi dan Keuangan Islam Pub Date : 2023-03-14 DOI: 10.20885/jeki.vol9.iss1.art10

Shabrina Ramadania, Elvia R. Shauki

{"title":"E-zakat fund accountability: Study on amil zakat institution Lazismu in Tokopedia","authors":"Shabrina Ramadania, Elvia R. Shauki","doi":"10.20885/jeki.vol9.iss1.art10","DOIUrl":"https://doi.org/10.20885/jeki.vol9.iss1.art10","url":null,"abstract":"Purpose – This study aims to explore and construct an accountability model for managing E-Zakat Funds in Lazismu for zakat funds collected online through Tokopedia. Methodology – This study applies a qualitative approach with a case study design. Interviews were used to collect the data with 7 (seven) informants, namely two from Lazismu, two from Tokopedia, and three informants from muzakki. Content, thematic, and constant comparative analyses were applied in this study.Findings – Exposed selves’ theory is very clear considering that no regulation applies this form of liability, thus creating limitations in claiming something beyond the supposed obligation. Opaque selves theory is also the reason that Tokopedia has not displayed the personal data of each muzaki for the e-zakat paid due to Tokopedia’s customer privacy. Decision Usefulness Theory, Tokopedia has fulfilled the needs according to the recipient criteria needed in this case, muzaki. Still, Tokopedia has not acted transparently regarding the distribution of funds in detail to the public and other stakeholders.Implications – This finding indicates the need for Amil Zakat Institutions (LAZ) management to pay special attention to e-zakat accountability. The results of this study offer an e-zakat accountability model that can be used by LAZ, which raises funds through the marketplace. Originality – There is still limited research that specifically examines the accountability of e-zakat funds.","PeriodicalId":34834,"journal":{"name":"Jurnal Ekonomi dan Keuangan Islam","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73471224","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}

引用次数: 0

The effect of a countercyclical Covid 19 policy on the main financial ratios in Islamic rural banks 反周期Covid - 19政策对伊斯兰农村银行主要财务比率的影响

Jurnal Ekonomi dan Keuangan Islam Pub Date : 2023-03-01 DOI: 10.20885/jeki.vol9.iss1.art9

Rizki Maulana, J. Sriyana

{"title":"The effect of a countercyclical Covid 19 policy on the main financial ratios in Islamic rural banks","authors":"Rizki Maulana, J. Sriyana","doi":"10.20885/jeki.vol9.iss1.art9","DOIUrl":"https://doi.org/10.20885/jeki.vol9.iss1.art9","url":null,"abstract":"Purpose – This study aims to evaluate the impact of financial services authority's regulation (POJK) regarding the implementation of Covid-19 Countercyclical in Islamic rural banks.Methodology – This study uses time-series data taken from Financial Services Authority (OJK)'s database covering the period from March 2020 - March 2022. Cointegration test show that there is no cointeggration and the variable is not stationary at the same order/degree, therefore the VAR method is used.Findings – This study reveals that POJK have significant impact on CAR, EAQ, and REO ratios and integrated in the long term. Moreover, this study also find that POJK have a causal or reciprocal effect on CAR and REO which occur in one direction. Futhermore, this study portrays that POJK have a positive impact in returning CAR, EAQ and REO ratios to a positive condition at least 10 months since POJK published, except for CR that before pandemic was in a positive condition.Implications – It is necessary for the BPRS to conduct a stress test on the implementation of the said restructuring and its impact on the finances and ratios of the BPRS as the first step for the BPRS to carry out mitigation if things that are not desired by the BPRS occur. Originality – This paper examines the effect of the implementation of POJK Number 11/POJK.03/2020 which is further amended through POJK Number 48/POJK.03/2020 concerning national economic stimulus as a countercyclical policy impact of the spread of coronavirus disease 2019 on the Islamic rural bank soundness level during Covid 19 pandemic.","PeriodicalId":34834,"journal":{"name":"Jurnal Ekonomi dan Keuangan Islam","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82137533","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}

引用次数: 0

The indexing of resources toward nazhir waqf 对纳齐尔waqf资源的索引

Jurnal Ekonomi dan Keuangan Islam Pub Date : 2023-02-14 DOI: 10.20885/jeki.vol9.iss1.art8

S. Lahuri, R. Sukmana, Ainun Amalia Zuhroh, Anwar Fatoni

{"title":"The indexing of resources toward nazhir waqf","authors":"S. Lahuri, R. Sukmana, Ainun Amalia Zuhroh, Anwar Fatoni","doi":"10.20885/jeki.vol9.iss1.art8","DOIUrl":"https://doi.org/10.20885/jeki.vol9.iss1.art8","url":null,"abstract":"Purpose – This paper aims to find the factors for designing an index of the quality of developing human resources as nadzir waqf to control and to be the reference for waqf management in every waqf institution.Methodology – This study used a qualitative method with the Analytic Network Process. The data analysis shows the most dominant influence and determines the priority order, and decision-making. The data analysis will be the weighted sum for the performance ratings for each alternative across all attributes using the Simple Additive Weighting method and at the end, the Nazhir Wakaf Index (INW) value will be obtained.Findings – The research finds the factors in the internal and external resolutions bringing experts into the field by monitoring, and synergies with the government. The Nazhir Waqf Index that tried implemented is low with a score of 40.731. From the table and figure, it can be concluded that the highest variable design score of the Nazhir Wakaf Index (INW) at Pondok Modern Gontor is the assignment with a score of 100. With that assignment, the nadzir waqf has the autonomy to develop his competencies and abilities.Implications – If approached the index one would be the solution to the development. By offering a preliminary index and delivering informative advertising nadzir waqf resources will ensure the ability to provide efficient management.Originality – This research takes an important research gap to analyze the competence of nadzir waqf by making measurements in the development of nadzir waqf resources that can be used by any waqf institution.","PeriodicalId":34834,"journal":{"name":"Jurnal Ekonomi dan Keuangan Islam","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89082065","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}

引用次数: 0