Jurnal Ekonomi & Keuangan Islam最新文献

Drivers and barriers to financial inclusion: New insights from Muslim countries 金融包容性的驱动因素和障碍：穆斯林国家的新见解

Jurnal Ekonomi & Keuangan Islam Pub Date : 2024-07-27 DOI: 10.20885/jeki.vol10.iss2.art3

Muhammad Dedat Dingkoroci Akasumbawa, Slamet Haryono, Chairunnisa

{"title":"Drivers and barriers to financial inclusion: New insights from Muslim countries","authors":"Muhammad Dedat Dingkoroci Akasumbawa, Slamet Haryono, Chairunnisa","doi":"10.20885/jeki.vol10.iss2.art3","DOIUrl":"https://doi.org/10.20885/jeki.vol10.iss2.art3","url":null,"abstract":"Purpose – This study examines the factors driving and barriers to financial inclusion in Organisation of Islamic Cooperation (OIC) countries.Methodology – This study employs panel data analysis using fully modified ordinary least squares (FMOLS) and dynamic ordinary least squares (DOLS) methods. The sample consists of OIC countries from 2011 to 2021.Findings – According to the FMOLS model, remittances, bank stability, and government debt are key drivers of long-term financial inclusion, while inflation, trade openness, and economic development act as barriers. Bank competition does not significantly impact financial inclusion. In the DOLS model, remittances and bank stability remain significant drivers, with inflation and economic growth acting as barriers. However, in the long term, financial inclusion is not significantly influenced by government debt or competition.Implications – This study offers insights for financial institutions and governments. Financial institutions should improve their access to low-income groups and small businesses. Governments should promote financial inclusion and stability through sound macroeconomic policy. Policymakers can use these findings to focus on key factors for a sustainable economy.Originality – This study fills a gap by exploring the factors affecting financial inclusion in OIC countries, a less-studied topic. It also uses additional indicators to measure the financial inclusion index, leading to more comprehensive results.","PeriodicalId":512823,"journal":{"name":"Jurnal Ekonomi & Keuangan Islam","volume":"92 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141797805","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

Implementing maqasid sharia: Impact on stability of Indonesian Islamic banks 实施伊斯兰教法：对印度尼西亚伊斯兰银行稳定性的影响

Jurnal Ekonomi & Keuangan Islam Pub Date : 2024-07-27 DOI: 10.20885/jeki.vol10.iss2.art2

Adinda Lia Analia, Abdul Hakim, M. B. H. Anto, A. Perdana

{"title":"Implementing maqasid sharia: Impact on stability of Indonesian Islamic banks","authors":"Adinda Lia Analia, Abdul Hakim, M. B. H. Anto, A. Perdana","doi":"10.20885/jeki.vol10.iss2.art2","DOIUrl":"https://doi.org/10.20885/jeki.vol10.iss2.art2","url":null,"abstract":"Purpose – This study analyzes the relationship between maqasid sharia and the stability of Islamic banks in Indonesia.Methodology – This study uses annual balanced panel data of eight Islamic banks in Indonesia from to 2010-2020 and utilizes a random effects model (REM) approach with the generalized least squares (GLS) method. The dependent variable is the Z-score as a proxy for bank stability, and the independent variables are bank size, the maqasid index (MI), capital adequacy ratio (CAR), gross domestic product (GDP), inflation, and interest rate.Findings – This research reveals that the stability of Islamic banking in Indonesia decreased over the study period, whereas maqasid performance increased. Furthermore, this study shows that the maqasid index and GDP negatively influence the Z-score, while bank size and CAR have a positive influence. We found no influence of inflation or the interest rate on the Z-score. The negative impact of the Maqasid index denotes poor management and financing quality, which is linked to the slanted achievement of the three Maqasid objectives (education, justice, and maslahah) during the study period.Implications – Policymakers, industry, and academics can use the research findings as recommendations to strengthen the stability of Islamic banks and their role in promoting welfare.Originality – This study employs the maqasid index as a proxy for Islamic bank performance to analyze its influence on bank stability.","PeriodicalId":512823,"journal":{"name":"Jurnal Ekonomi & Keuangan Islam","volume":"7 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141797293","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

Unlocking the synergy between intellectual capital and cost efficiency in Islamic bank 释放伊斯兰银行智力资本与成本效益之间的协同效应

Jurnal Ekonomi & Keuangan Islam Pub Date : 2024-07-27 DOI: 10.20885/jeki.vol10.iss2.art1

T. S. Hadi, N. Laila, Nissar Ahmad Yatoo

{"title":"Unlocking the synergy between intellectual capital and cost efficiency in Islamic bank","authors":"T. S. Hadi, N. Laila, Nissar Ahmad Yatoo","doi":"10.20885/jeki.vol10.iss2.art1","DOIUrl":"https://doi.org/10.20885/jeki.vol10.iss2.art1","url":null,"abstract":"Purpose – This study examines the contribution of intellectual capital (IC) to Islamic banks’ cost efficiency.Methodology – The data envelopment analysis (DEA) method uses an intermediation approach to measure the cost efficiency of Islamic banks and modified value-added intellectual capital (MVAIC) as a measurement of IC. The sample of this research comprises 11 Islamic commercial banks registered with the financial services authority (Otoritas Jasa Keuangan, OJK) and operating from to 2014-2023. This research method uses the system generalized method of moments (SGMM) regression to analyze the impact of IC on the cost efficiency of Islamic banks. Findings – The results showed that IC positively affects the cost efficiency of Islamic banks in Indonesia. Another finding is that human capital (HC) contributes significantly to improving the cost efficiency of Islamic banks. structural capital (SC), capital employed (CE), and relational capital (RC) do not affect the cost efficiency of Islamic banks.Implications – This research implies that Islamic banks can determine which IC components require additional investment to improve efficiency and provide future Islamic banking performance-oriented towards new technology.Originality – This study seeks to fill the gap in previous research by analyzing the impact of IC and its components on the cost efficiency of Islamic banks.","PeriodicalId":512823,"journal":{"name":"Jurnal Ekonomi & Keuangan Islam","volume":"8 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141797330","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

Stock market responses to Covid-19: Evidence from Jakarta Islamic Index 股市对 Covid-19 的反应：雅加达伊斯兰指数的证据

Jurnal Ekonomi & Keuangan Islam Pub Date : 2024-07-27 DOI: 10.20885/jeki.vol10.iss2.art4

B. A. Fianto, Perdana Adi Nugroho, Syed Alamdar Ali Shah, Rogier Busser

{"title":"Stock market responses to Covid-19: Evidence from Jakarta Islamic Index","authors":"B. A. Fianto, Perdana Adi Nugroho, Syed Alamdar Ali Shah, Rogier Busser","doi":"10.20885/jeki.vol10.iss2.art4","DOIUrl":"https://doi.org/10.20885/jeki.vol10.iss2.art4","url":null,"abstract":"Purpose – This study examines the effect of Covid-19 in Indonesia on the value of abnormal returns, trading volume activity, and efficiency of the Jakarta Islamic Index (JII), the Indonesian Islamic stock market.Methodology – This study employed the event study model to measure the relationship between important events related to the Indonesian Covid-19 pandemic on stock returns and the stock trading volume of JII indexed companies. Using research analysis techniques in the form of a market-adjusted model, this study determines the period of events before, during, and after the event.Findings – This study found that the global Covid-19 announcement, announcement of the new normal, and announcement of the Covid-19 vaccination gave a significant abnormal return reaction to the JII index and did not provide a significant trading volume activity reaction. Implications – Indonesia's Islamic stock market, which falls into the semi-strong efficient category, responds quickly to important public information such as Covid-19-related announcements. Investors showed high sensitivity to major news, but trading volumes did not change significantly, indicating a cautious adjustment strategy. The different reactions across sectors, especially industry and energy, highlight the need for investor portfolio diversification. It is important for policymakers to provide clear and timely communication to maintain market stability during crises. Further research is required to understand the long-term impact and extend the coverage of international Islamic stock markets.Originality – This study examines several important Covid-19 events that occurred in Indonesia on stock returns and trading volumes in the Indonesian Islamic stock market.","PeriodicalId":512823,"journal":{"name":"Jurnal Ekonomi & Keuangan Islam","volume":"79 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141798349","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

Twenty years of Islamic banking literature by Indonesian researchers: A hybrid reviews 印度尼西亚研究人员撰写的二十年伊斯兰银行文献：混合评论

Jurnal Ekonomi & Keuangan Islam Pub Date : 2024-02-15 DOI: 10.20885/jeki.vol10.iss1.art10

Indri Supriani, Muthi' 'Adilah Bahril, L. M. Pimada, Haura Hazimah Melzatia, Sri Herianingrum

{"title":"Twenty years of Islamic banking literature by Indonesian researchers: A hybrid reviews","authors":"Indri Supriani, Muthi' 'Adilah Bahril, L. M. Pimada, Haura Hazimah Melzatia, Sri Herianingrum","doi":"10.20885/jeki.vol10.iss1.art10","DOIUrl":"https://doi.org/10.20885/jeki.vol10.iss1.art10","url":null,"abstract":"Purpose – The emergence and growth of Islamic Banking in Indonesia have significantly increased over the past few decades. Consequently, there is a pressing requirement for a thorough examination to analyze the present state of IB literature, including its development and conceptual framework.Methodology – This study utilizes a bibliometric methodology and Systematic Literature Review (SLR), applying content analysis techniques to uncover the intellectual framework of IB literature produced by Indonesian researchers, as documented in the Scopus database. This study utilized 418 articles published between 2003 and 2023, resulting in a total of 418 articles. Data were analyzed using various software applications, including Publish or Perish (PoP), Excel, VOS-Viewer, and Biblioshiny-R.Findings – This study identifies the institutions, authors, journals, and articles that have had the most influence on IB literature published by academics in Indonesia. Additionally, this study sought to uncover patterns of research collaboration within this body of literature. Moreover, this study discovered four main clusters: comparing Islamic and conventional banks, examining the interaction between Islamic banks and their customers, exploring corporate social responsibility (CSR) and accounting practices, and examining the impact of Covid-19 within the context of Islamic banking. Implications – The findings of this study will assist researchers in identifying a range of potential topics for future research that Indonesian researchers can explore.Originality – Applying bibliometrics and SLR methodologies enables this study to comprehensively assess literature development in the IB in Indonesia by incorporating quantitative and qualitative analyses.","PeriodicalId":512823,"journal":{"name":"Jurnal Ekonomi & Keuangan Islam","volume":"93 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139774764","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

Twenty years of Islamic banking literature by Indonesian researchers: A hybrid reviews 印度尼西亚研究人员撰写的二十年伊斯兰银行文献：混合评论

Jurnal Ekonomi & Keuangan Islam Pub Date : 2024-02-15 DOI: 10.20885/jeki.vol10.iss1.art10

Indri Supriani, Muthi' 'Adilah Bahril, L. M. Pimada, Haura Hazimah Melzatia, Sri Herianingrum

{"title":"Twenty years of Islamic banking literature by Indonesian researchers: A hybrid reviews","authors":"Indri Supriani, Muthi' 'Adilah Bahril, L. M. Pimada, Haura Hazimah Melzatia, Sri Herianingrum","doi":"10.20885/jeki.vol10.iss1.art10","DOIUrl":"https://doi.org/10.20885/jeki.vol10.iss1.art10","url":null,"abstract":"Purpose – The emergence and growth of Islamic Banking in Indonesia have significantly increased over the past few decades. Consequently, there is a pressing requirement for a thorough examination to analyze the present state of IB literature, including its development and conceptual framework.Methodology – This study utilizes a bibliometric methodology and Systematic Literature Review (SLR), applying content analysis techniques to uncover the intellectual framework of IB literature produced by Indonesian researchers, as documented in the Scopus database. This study utilized 418 articles published between 2003 and 2023, resulting in a total of 418 articles. Data were analyzed using various software applications, including Publish or Perish (PoP), Excel, VOS-Viewer, and Biblioshiny-R.Findings – This study identifies the institutions, authors, journals, and articles that have had the most influence on IB literature published by academics in Indonesia. Additionally, this study sought to uncover patterns of research collaboration within this body of literature. Moreover, this study discovered four main clusters: comparing Islamic and conventional banks, examining the interaction between Islamic banks and their customers, exploring corporate social responsibility (CSR) and accounting practices, and examining the impact of Covid-19 within the context of Islamic banking. Implications – The findings of this study will assist researchers in identifying a range of potential topics for future research that Indonesian researchers can explore.Originality – Applying bibliometrics and SLR methodologies enables this study to comprehensively assess literature development in the IB in Indonesia by incorporating quantitative and qualitative analyses.","PeriodicalId":512823,"journal":{"name":"Jurnal Ekonomi & Keuangan Islam","volume":"368 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139834301","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

Examining the impact of zakah and Islamic finance on national economic growth 研究天课和伊斯兰金融对国家经济增长的影响

Jurnal Ekonomi & Keuangan Islam Pub Date : 2024-02-15 DOI: 10.20885/jeki.vol10.iss1.art9

Silviana Pebruary, Isnaini Hani'ah

{"title":"Examining the impact of zakah and Islamic finance on national economic growth","authors":"Silviana Pebruary, Isnaini Hani'ah","doi":"10.20885/jeki.vol10.iss1.art9","DOIUrl":"https://doi.org/10.20885/jeki.vol10.iss1.art9","url":null,"abstract":"Purpose – This study aims to analyze the effect of Islamic financial instruments, including social funds zakah, infak, and sadaqah (ZIS), Islamic financing, Sharia stocks, and corporate sukuk, on economic growth.Methodology – This study uses monthly data from 2013 to 2022 to examine the relationship between ZIS distribution, Islamic bank financing, Islamic stock capitalization, corporate sukuk issuance, and economic growth proxied by the production industry index (IPI). The Vector Error Correction Model (VECM) was utilized.Findings – According to the short-term estimation results, sukuk significantly hinders economic growth, whereas only the ZIS variable has a positive and significant impact. Long-term economic growth is positively impacted by the ZIS and Islamic financing variables, negatively impacted by sukuk, and not significantly impacted by Sharia stock. The Impulse Response Function and Variance Decomposition analysis results also demonstrate that the variables of the Islamic financial sector have a shock effect on Indonesia's economic growth, with ZIS funds making up the majority of the contribution and Sharia stocks the least.Implications – This study will help policymakers, industry, and academia accelerate the Islamic finance sector in Indonesia and strengthen its role in supporting and advancing Indonesia's economic recovery.Originality – Islamic finance, commonly known as Islamic banking–extends beyond Indonesian banks. Non-bank Islamic institutions, including capital markets and social finance, play a vital role in optimizing Islamic financial instruments for national economic growth.","PeriodicalId":512823,"journal":{"name":"Jurnal Ekonomi & Keuangan Islam","volume":"409 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139834343","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

Examining the impact of zakah and Islamic finance on national economic growth 研究天课和伊斯兰金融对国家经济增长的影响

Jurnal Ekonomi & Keuangan Islam Pub Date : 2024-02-15 DOI: 10.20885/jeki.vol10.iss1.art9

Silviana Pebruary, Isnaini Hani'ah

{"title":"Examining the impact of zakah and Islamic finance on national economic growth","authors":"Silviana Pebruary, Isnaini Hani'ah","doi":"10.20885/jeki.vol10.iss1.art9","DOIUrl":"https://doi.org/10.20885/jeki.vol10.iss1.art9","url":null,"abstract":"Purpose – This study aims to analyze the effect of Islamic financial instruments, including social funds zakah, infak, and sadaqah (ZIS), Islamic financing, Sharia stocks, and corporate sukuk, on economic growth.Methodology – This study uses monthly data from 2013 to 2022 to examine the relationship between ZIS distribution, Islamic bank financing, Islamic stock capitalization, corporate sukuk issuance, and economic growth proxied by the production industry index (IPI). The Vector Error Correction Model (VECM) was utilized.Findings – According to the short-term estimation results, sukuk significantly hinders economic growth, whereas only the ZIS variable has a positive and significant impact. Long-term economic growth is positively impacted by the ZIS and Islamic financing variables, negatively impacted by sukuk, and not significantly impacted by Sharia stock. The Impulse Response Function and Variance Decomposition analysis results also demonstrate that the variables of the Islamic financial sector have a shock effect on Indonesia's economic growth, with ZIS funds making up the majority of the contribution and Sharia stocks the least.Implications – This study will help policymakers, industry, and academia accelerate the Islamic finance sector in Indonesia and strengthen its role in supporting and advancing Indonesia's economic recovery.Originality – Islamic finance, commonly known as Islamic banking–extends beyond Indonesian banks. Non-bank Islamic institutions, including capital markets and social finance, play a vital role in optimizing Islamic financial instruments for national economic growth.","PeriodicalId":512823,"journal":{"name":"Jurnal Ekonomi & Keuangan Islam","volume":"3 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139774729","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

Analysis of the zakat village model for economic sector utilization: ANP approach 天课村经济部门利用模式分析：ANP 方法

Jurnal Ekonomi & Keuangan Islam Pub Date : 2024-02-13 DOI: 10.20885/jeki.vol10.iss1.art7

Fitri Annisa Fitri, Efi Syarifuddin, Sarehan Sulong

引用次数: 0

Analysis of the zakat village model for economic sector utilization: ANP approach 天课村经济部门利用模式分析：ANP 方法

Jurnal Ekonomi & Keuangan Islam Pub Date : 2024-02-13 DOI: 10.20885/jeki.vol10.iss1.art7

Fitri Annisa Fitri, Efi Syarifuddin, Sarehan Sulong

引用次数: 0

Jurnal Ekonomi &amp; Keuangan Islam最新文献

Jurnal Ekonomi & Keuangan Islam最新文献