Jurnal Ekonomi & Keuangan Islam最新文献_第2页

The effect of Sharia monetary policy instruments and Islamic bank financing on economic growth and inflation 伊斯兰教法货币政策工具和伊斯兰银行融资对经济增长和通货膨胀的影响

Jurnal Ekonomi & Keuangan Islam Pub Date : 2024-02-12 DOI: 10.20885/jeki.vol10.iss1.art6

Fuad Hawari Winarto, I. Beik

{"title":"The effect of Sharia monetary policy instruments and Islamic bank financing on economic growth and inflation","authors":"Fuad Hawari Winarto, I. Beik","doi":"10.20885/jeki.vol10.iss1.art6","DOIUrl":"https://doi.org/10.20885/jeki.vol10.iss1.art6","url":null,"abstract":"Purpose – This study aims to determine the influence of Open Market Operations (Sertifikat Bank Indonesia Syariah, SBIS), Sukuk of Bank Indonesia (Sukuk Bank Indonesia, SukBI), Bank Indonesia Sharia Deposit Facility (Fasilitas Simpanan Bank Indonesia, FASBIS), Islamic Interbank Money Market (IIMM/Pasar Uang Antar Bank Syariah, PUAS), and Islamic Bank Financing on economic growth and inflation in Indonesia. Methodology – This study uses the Vector Error Correction Model (VECM), which uses monthly data from January 2017 to December 2022.Findings – The results of the VECM analysis show that, in the short and long term, the FASBIS and PUAS variables significantly affect economic growth. The Covid-19 pandemic has a significant effect in the short term, whereas Islamic Bank Financing has a significant effect in the long term. In the Inflation model, only FASBIS has a significant short-term effect. In the long-term, FASBIS, PUAS, and Islamic Bank Financing significantly affect inflation. Implications – The results of this research suggest that the Government and Bank Indonesia will need to re-evaluate Sharia Open Market Operations, especially SBIS and SukBI instruments. This is the impact of the estimation results on the Open Market Operation variable, which are not significant, and the IRF results, which are negative in the Economic Growth Model and positive in the Inflation Model, indicating that the Open Market Operation variable actually inhibits economic growth and triggers inflation. Originality – This study discusses the influence of Sharia monetary instruments before and after the Covid-19 pandemic and adds the SukBI instrument as a Sharia monetary instrument.","PeriodicalId":512823,"journal":{"name":"Jurnal Ekonomi & Keuangan Islam","volume":"10 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139843224","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 Sharia monetary policy instruments and Islamic bank financing on economic growth and inflation 伊斯兰教法货币政策工具和伊斯兰银行融资对经济增长和通货膨胀的影响

Jurnal Ekonomi & Keuangan Islam Pub Date : 2024-02-12 DOI: 10.20885/jeki.vol10.iss1.art6

Fuad Hawari Winarto, I. Beik

{"title":"The effect of Sharia monetary policy instruments and Islamic bank financing on economic growth and inflation","authors":"Fuad Hawari Winarto, I. Beik","doi":"10.20885/jeki.vol10.iss1.art6","DOIUrl":"https://doi.org/10.20885/jeki.vol10.iss1.art6","url":null,"abstract":"Purpose – This study aims to determine the influence of Open Market Operations (Sertifikat Bank Indonesia Syariah, SBIS), Sukuk of Bank Indonesia (Sukuk Bank Indonesia, SukBI), Bank Indonesia Sharia Deposit Facility (Fasilitas Simpanan Bank Indonesia, FASBIS), Islamic Interbank Money Market (IIMM/Pasar Uang Antar Bank Syariah, PUAS), and Islamic Bank Financing on economic growth and inflation in Indonesia. Methodology – This study uses the Vector Error Correction Model (VECM), which uses monthly data from January 2017 to December 2022.Findings – The results of the VECM analysis show that, in the short and long term, the FASBIS and PUAS variables significantly affect economic growth. The Covid-19 pandemic has a significant effect in the short term, whereas Islamic Bank Financing has a significant effect in the long term. In the Inflation model, only FASBIS has a significant short-term effect. In the long-term, FASBIS, PUAS, and Islamic Bank Financing significantly affect inflation. Implications – The results of this research suggest that the Government and Bank Indonesia will need to re-evaluate Sharia Open Market Operations, especially SBIS and SukBI instruments. This is the impact of the estimation results on the Open Market Operation variable, which are not significant, and the IRF results, which are negative in the Economic Growth Model and positive in the Inflation Model, indicating that the Open Market Operation variable actually inhibits economic growth and triggers inflation. Originality – This study discusses the influence of Sharia monetary instruments before and after the Covid-19 pandemic and adds the SukBI instrument as a Sharia monetary instrument.","PeriodicalId":512823,"journal":{"name":"Jurnal Ekonomi & Keuangan Islam","volume":"27 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139783369","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

Development of waqf forest in Indonesia: Brand equity analysis of Bogor waqf forest purchase intention 印度尼西亚宗教基金森林的发展：茂物宗教基金森林购买意向的品牌资产分析

Jurnal Ekonomi & Keuangan Islam Pub Date : 2024-02-10 DOI: 10.20885/jeki.vol10.iss1.art8

Yusup Firmannudin, Deni Lubis, Khalifah Muhamad Ali

引用次数: 0

Development of waqf forest in Indonesia: Brand equity analysis of Bogor waqf forest purchase intention 印度尼西亚宗教基金森林的发展：茂物宗教基金森林购买意向的品牌资产分析

Jurnal Ekonomi & Keuangan Islam Pub Date : 2024-02-10 DOI: 10.20885/jeki.vol10.iss1.art8

Yusup Firmannudin, Deni Lubis, Khalifah Muhamad Ali

引用次数: 0

Influence of the Shariah supervisory board on tax avoidance at an Indonesian Islamic bank 伊斯兰教法监督委员会对印度尼西亚一家伊斯兰银行避税行为的影响

Jurnal Ekonomi & Keuangan Islam Pub Date : 2024-01-04 DOI: 10.20885/jeki.vol10.iss1.art1

Ahmad Naufal, Prasojo Prasojo, Ristianawati Dwi Utami

{"title":"Influence of the Shariah supervisory board on tax avoidance at an Indonesian Islamic bank","authors":"Ahmad Naufal, Prasojo Prasojo, Ristianawati Dwi Utami","doi":"10.20885/jeki.vol10.iss1.art1","DOIUrl":"https://doi.org/10.20885/jeki.vol10.iss1.art1","url":null,"abstract":"Purpose – This study examines the influence of the Shariah supervisory board (SSB) and Islamic banks’ characteristics on tax avoidance practices in Indonesia.Methodology – This research uses secondary data using the panel data analysis method fixed effects model; the research sample is an Islamic bank in Indonesia from 2017 to 2021.Findings – The results indicate that SSB size, SSB reputation, and bank size have a positive effect on tax avoidance. The variables across SSB members, SSB education level, bank age, and bank profitability have a negative effect. Meanwhile, the SSB expertise variable, SSB remuneration, and turnover do not affect tax avoidance.Implications – Islamic banks play an essential role in social welfare to align with tax contributions in developing countries. Therefore, tax regulators and Islamic banks must collaborate to review the treatment of expenses according to tax regulations.Originality – This study fills a research gap by investigating the relationship between SSB characteristics and tax avoidance in Indonesian Islamic banks, which has yet to be discussed in previous papers.","PeriodicalId":512823,"journal":{"name":"Jurnal Ekonomi & Keuangan Islam","volume":"3 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140514035","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

Problems, solutions, and strategies for developing stock waqf in Indonesia 印度尼西亚发展存量宗教基金的问题、解决方案和战略

Jurnal Ekonomi & Keuangan Islam Pub Date : 2024-01-04 DOI: 10.20885/jeki.vol10.iss1.art2

N. Rini, Nurul Huda, Muslich Anshori, M. S. Darodjatun, Zaenudin Zaenudin, Mamady Fofana, Y. Harumain

{"title":"Problems, solutions, and strategies for developing stock waqf in Indonesia","authors":"N. Rini, Nurul Huda, Muslich Anshori, M. S. Darodjatun, Zaenudin Zaenudin, Mamady Fofana, Y. Harumain","doi":"10.20885/jeki.vol10.iss1.art2","DOIUrl":"https://doi.org/10.20885/jeki.vol10.iss1.art2","url":null,"abstract":"Purpose – This study aimed to determine priority problems, solutions, and strategies for developing stock waqf in Indonesia.Methodology – The analytical method used was qualitative with the Delphi approach. The informants for this research were experts in the field of shared waqf. The group of informants consisted of regulators, sharia stock practitioners, nazhir, academics, and wakif with a total of 13 informants.Findings – The results show that the priority issues regarding investor knowledge are from the wakif aspect. A priority problem is the low-literacy stock waqf. The solution priority is from a regulatory perspective. The sub-criteria of the operating rules that are the priority for the solution are the issuance of technical regulations for managing stock waqf. The strategy priority that can be implemented to develop a stock waqf is from the Nazhir aspect as a human resource. Implications – The implications of the research results are in the form of a strategy implemented by the Indonesian waqf board (Badan Wakaf Indonesia, BWI) by issuing standard operating procedures (SOP) for nazhirs in the management of stock waqfs.Originality – The novelty of this research lies in the development of stock waqf, as seen from the problems, solutions, and strategies. In addition to different things, this study also uses a qualitative Delphi approach to formulate problems, solutions, and strategies for developing equity waqf in Indonesia. The Delphi method has not been widely used in Indonesian stock waqf research.","PeriodicalId":512823,"journal":{"name":"Jurnal Ekonomi & Keuangan Islam","volume":"14 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140514234","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

Asymmetric information issues in micro-business financing of Baitul Maal wa Tamwil Baitul Maal wa Tamwil 微型企业融资中的信息不对称问题

Jurnal Ekonomi & Keuangan Islam Pub Date : 2024-01-03 DOI: 10.20885/jeki.vol10.iss1.art5

Andri Martiana, Salina Kassim, Habeebullah Zakariyah

{"title":"Asymmetric information issues in micro-business financing of Baitul Maal wa Tamwil","authors":"Andri Martiana, Salina Kassim, Habeebullah Zakariyah","doi":"10.20885/jeki.vol10.iss1.art5","DOIUrl":"https://doi.org/10.20885/jeki.vol10.iss1.art5","url":null,"abstract":"Purpose – Despite its potential advantages, poverty interferes with economic progress in developing countries, obstructing small and medium-sized businesses from obtaining external financial assistance via Islamic microfinance. This study explores the problems related to asymmetric information in the context of funding microbusinesses in Baitul Maal wa Tamwil (BMT), with the goal of improving our understanding of the risks associated with financing in Islamic microfinance institutions, namely BMTs.Methodology – This research utilized a qualitative approach and content analysis to study BMTs in Indonesia, involving academics, practitioners, and voluntary participants. The sample size was adequate for achieving data saturation.Finding – This study demonstrates that there might be asymmetric information during the execution of contracts, leading to deviant behavior by BMT management and partners. The study additionally identified the risk characteristics present in Islamic MFIs, emphasizing the necessity for implementing novel lending mechanisms, such as group lending and individual collateralized loans. Implication – This study underscores the importance of resolving the substantial administrative overheads associated with these institutions. It is advisable to utilize additional research methods such as interviews, observations, and documentation to augment the depth of the research and engage a varied array of individuals for a comprehensive collection of information.Originality – Studies of Islamic microfinance in Indonesia have examined its performance, obstacles, and experience. However, empirical data on agency problems such as moral hazard and asymmetric knowledge are lacking. For optimal BMT operating efficiency and Shariah compliance, it is essential to comprehend these challenges.","PeriodicalId":512823,"journal":{"name":"Jurnal Ekonomi & Keuangan Islam","volume":"3 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140514667","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

Islamic rural bank mission drift: Equity financing vs debt-based financing 伊斯兰乡村银行的使命漂移：股权融资与债务融资

Jurnal Ekonomi & Keuangan Islam Pub Date : 2024-01-02 DOI: 10.20885/jeki.vol10.iss1.art4

Fiqih Afriadi, Pranoto Pranoto, Erlita Kurniawaty, R. Zamzami

{"title":"Islamic rural bank mission drift: Equity financing vs debt-based financing","authors":"Fiqih Afriadi, Pranoto Pranoto, Erlita Kurniawaty, R. Zamzami","doi":"10.20885/jeki.vol10.iss1.art4","DOIUrl":"https://doi.org/10.20885/jeki.vol10.iss1.art4","url":null,"abstract":"Purpose – This study aims to compare the depth of outreach, financial performance, and trade-off between the depth of outreach and financial performance (mission drift) between equity financing and debt-based financing in Indonesian Islamic Rural Banks.Methodology – We compare the depth of outreach and financial performance using descriptive statistics and explore mission drift comparisons using OLS time series. Findings – The depth of the outreach comparison shows that debt-based financing performs better. However, equity financing outperforms financial performance. The regression results show mission drift in Musharaka and Multiservice financing, indicating that both sides have mission drift. However, there is no mission drift in Murabaha financing, which constitutes the majority of financing in Indonesian Islamic Rural Banks. Murabaha financing synchronously demonstrates excellent depth of outreach and financial performance.Implications – Islamic Rural Banks in Indonesia need product innovation in equity financing to obtain a better depth of outreach and avoid mission drift. The simplicity of the practice in Murabaha can be a reference for product innovation in Islamic Rural Banks, while the government can support Indonesian Islamic Rural Banks' product innovation by providing appropriate regulations.Originality – This study seeks to fill the comparison gap between mission drifts in Indonesian Islamic rural bank financing. There is a limitation in studies of Islamic rural bank financing mission drifts in Indonesia since the comparison of mission drift deals only with Islamic microfinance at a global level.","PeriodicalId":512823,"journal":{"name":"Jurnal Ekonomi & Keuangan Islam","volume":"122 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140515448","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

A system dynamics model on how zakat can reduce poverty in Indonesia 关于天课如何在印度尼西亚减少贫困的系统动力学模型

Jurnal Ekonomi & Keuangan Islam Pub Date : 2024-01-02 DOI: 10.20885/jeki.vol10.iss1.art3

Danang Setiawan, Qurtubi Qurtubi, Rafi Khairullah

{"title":"A system dynamics model on how zakat can reduce poverty in Indonesia","authors":"Danang Setiawan, Qurtubi Qurtubi, Rafi Khairullah","doi":"10.20885/jeki.vol10.iss1.art3","DOIUrl":"https://doi.org/10.20885/jeki.vol10.iss1.art3","url":null,"abstract":"Purpose – This study analyzes the potential of zakat for poverty alleviation using a system dynamics approach. Indonesia has excellent zakat potential as a country with the largest Muslim population. However, the poverty rate in Indonesia is still high at approximately 10.14% of the total population.Methodology – This study used system dynamics to model how zakat can reduce poverty in Indonesia. The system dynamics method was chosen because of its capability to model the complexity of the system. Findings – The model indicates that increasing the percentage of productive zakat allocation and decreasing the delay of the conversion program can reduce the poverty alleviation time from 200 to 120 years using the zakat nisab standard and from 32 years using the Central Statistics Agency (BPS) poverty standard. However, if Zakat faces limited funds, the focus should be on decreasing the conversion delay. Implications –This research can encourage people to become muzakki (zakat payers) because, as indicated in the simulation models, muzakki growth of muzakki has a role in poverty alleviation. In addition, Zakat institutions can use the developed model to simulate the best policy for poverty alleviation before implementing the program.Originality – Although the system dynamics approach has shown promising findings in modeling poverty, the number of studies utilizing system dynamics to analyze the effect of zakat on poverty reduction is limited. Therefore, this study aims to evaluate the effectiveness of zakat in alleviating poverty by implementing a system-based approach and simulating system dynamics.","PeriodicalId":512823,"journal":{"name":"Jurnal Ekonomi & Keuangan Islam","volume":"33 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140515357","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

Jurnal Ekonomi &amp; Keuangan Islam最新文献

Jurnal Ekonomi & Keuangan Islam最新文献