Subjects -> RELIGION AND THEOLOGY (Total: 697 journals)
    - BUDDHIST (14 journals)
    - EASTERN ORTHODOX (1 journals)
    - HINDU (6 journals)
    - ISLAMIC (148 journals)
    - JUDAIC (22 journals)
    - PROTESTANT (22 journals)
    - RELIGION AND THEOLOGY (448 journals)
    - ROMAN CATHOLIC (32 journals)

ISLAMIC (148 journals)                     

Showing 1 - 149 of 149 Journals sorted alphabetically
Abgadiyat     Hybrid Journal   (Followers: 3)
Afkaruna : Indonesian Interdisciplinary Journal of Islamic Studies     Open Access  
Ahkam : Jurnal Hukum Islam     Open Access  
Ahkam : Jurnal Ilmu Syariah     Open Access   (Followers: 1)
AJIS : Academic Journal of Islamic Studies     Open Access  
Al 'Adalah : Jurnal Hukum Islam     Open Access  
AL QUDS : Jurnal Studi Alquran dan Hadis     Open Access  
Al-Albab     Open Access   (Followers: 1)
Al-Banjari : Jurnal Ilmiah Ilmu-Ilmu Keislaman     Open Access   (Followers: 1)
Al-Bayan : Journal of Qur’an and Hadith Studies     Hybrid Journal   (Followers: 1)
Al-Dzikra : Jurnal Studi Ilmu al-Qur'an dan al-Hadits     Open Access  
Al-Fikra     Open Access   (Followers: 1)
Al-Hikmah     Open Access  
Al-Iqtishad : Journal of Islamic Economics     Open Access   (Followers: 2)
Al-Jami'ah : Journal of Islamic Studies     Open Access   (Followers: 5)
Al-Mabsut : Jurnal Studi Islam dan Sosial     Open Access  
Al-Maslahah Jurnal Ilmu Syariah     Open Access  
AL-QANTARA     Open Access   (Followers: 3)
Al-Tadzkiyyah : Jurnal Pendidikan Islam     Open Access  
Al-Tahrir     Open Access  
Al-Tijary : Jurnal Ekonomi dan Bisnis Islam     Open Access   (Followers: 1)
Al-Ulum     Open Access   (Followers: 1)
An-Nisbah : Jurnal Ekonomi Syariah     Open Access   (Followers: 1)
Analisis : Jurnal Studi Keislaman     Open Access  
Annida'     Open Access  
Ar-Raniry : International Journal of Islamic Studies     Open Access   (Followers: 2)
Arabiyat : Jurnal Pendidikan Bahasa Arab dan Kebahasaaraban     Open Access  
ASAS : Jurnal Hukum dan Ekonomi Islam     Open Access   (Followers: 1)
Asian Journal of Middle Eastern and Islamic Studies     Hybrid Journal   (Followers: 1)
Asy-Syir'ah : Jurnal Ilmu Syari'ah dan Hukum     Open Access  
At-Ta'dib Jurnal Kependidikan Islam     Open Access  
At-Tabsyir : Jurnal Komunikasi Penyiaran Islam     Open Access  
At-Taqaddum     Open Access  
at-turas : Jurnal Studi Keislaman     Open Access  
At-Turats     Open Access  
Attarbiyah : Journal of Islamic Culture and Education     Open Access  
BELAJEA : Jurnal Pendidikan Islam     Open Access  
Berkeley Journal of Middle Eastern & Islamic Law     Open Access  
Bina' Al-Ummah     Open Access  
Cakrawala : Jurnal Studi Islam     Open Access  
Dauliyah Journal of Islamic and International Affairs     Open Access   (Followers: 2)
De Jure: Jurnal Hukum dan Syar'iah     Open Access   (Followers: 1)
Dimas : Jurnal Pemikiran Agama untuk Pemberdayaan     Open Access  
Dirāsāt : Jurnal Manajemen dan Pendidikan Islam     Open Access  
Economica : Jurnal Ekonomi Islam     Open Access   (Followers: 1)
Edukasi : Jurnal Pendidikan Islam     Open Access  
edureligia : Pendidikan Agama Islam i     Open Access  
El-Harakah     Open Access  
Episteme : Jurnal Pengembangan Ilmu Keislaman     Open Access  
Fenomena : Journal of Islamic Studies     Open Access  
FOKUS : Jurnal Kajian Keislaman dan Kemasyarakatan     Open Access  
Hakam : Jurnal Kajian Hukum Islam dan Hukum Ekonomi Islam     Open Access  
Hayula : Indonesian Journal of Multidisciplinary Islamic Studies     Open Access  
Hikma : Journal of Islamic Theology and Religious Education     Hybrid Journal  
History of Islam and Iran     Open Access   (Followers: 3)
HONAI : International Journal for Educational, Social, Political & Cultural Studies     Open Access  
Hukum Islam     Open Access  
Ijtimaiyya : Jurnal Pengembangan Masyarakat Islam     Open Access  
Ikonomika : Jurnal Ekonomi dan Bisnis Islam     Open Access  
Indonesian Journal of Islam and Muslim Societies     Open Access   (Followers: 1)
INSANCITA : Journal of Islamic Studies in Indonesia and Southeast Asia     Open Access  
Insaniyat : Journal of Islam and Humanities     Open Access   (Followers: 1)
Intellectual History of the Islamicate World     Hybrid Journal  
International Journal of Islam in Asia     Full-text available via subscription  
International Journal of Islamic Economics and Finance Studies     Open Access   (Followers: 3)
International Journal of Islamic Marketing and Branding     Hybrid Journal   (Followers: 5)
International Journal of Nusantara Islam     Open Access   (Followers: 1)
International Journal of Zakat     Open Access  
Intiqad : Jurnal Agama dan Pendidikan Islam     Open Access  
Intizar     Open Access  
Iqtishoduna : Jurnal Ekonomi Islam     Open Access  
İslâm Araştırmaları Dergisi     Open Access  
Islamic Africa     Full-text available via subscription   (Followers: 3)
Islamic Sciences     Open Access  
Islamika Indonesiana     Open Access   (Followers: 1)
ISRA International Journal of Islamic Finance     Open Access   (Followers: 2)
Istawa : Journal of Islamic Education     Open Access  
JAWI     Open Access  
JICSA : Journal of Islamic Civilization in Southeast Asia     Open Access  
Journal of Abbasid Studies     Hybrid Journal   (Followers: 3)
Journal of Arabic and Islamic Studies     Open Access   (Followers: 5)
Journal of Indonesian Islam     Open Access  
Journal of Islamic and Near Eastern Law     Open Access   (Followers: 3)
Journal of Islamic Education     Open Access   (Followers: 1)
Journal of Islamic Ethics     Open Access  
Journal of Islamic Philosophy     Full-text available via subscription   (Followers: 6)
Journal of Islamicjerusalem Studies     Open Access   (Followers: 1)
Journal of Malay Islamic Studies     Open Access  
Journal of Muslim Mental Health     Open Access   (Followers: 6)
Journal of Muslims in Europe     Hybrid Journal   (Followers: 2)
Journal of Shi'a Islamic Studies     Full-text available via subscription   (Followers: 3)
Journal of Sufi Studies     Hybrid Journal   (Followers: 1)
Juris (Jurnal Ilmiah Syariah)     Open Access  
Jurisdictie Jurnal Hukum dan Syariah     Open Access   (Followers: 1)
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business)     Open Access  
Jurnal Living Hadis     Open Access  
Jurnal Pendidikan Islam     Open Access   (Followers: 2)
Jurnal Studi Al-Qur'an     Open Access  
Jurnal Theologia     Open Access  
Jurnal Ushuluddin     Open Access  
Kader     Open Access  
KALAM     Open Access  
KARSA : Jurnal Sosial dan Budaya Keislaman     Open Access   (Followers: 2)
Kodifikasia     Open Access  
Kontemplasi : Jurnal Ilmu-Ilmu Ushuluddin     Open Access  
Les cahiers de l'Islam     Free   (Followers: 1)
Madania : Jurnal Ilmu-Ilmu Keislaman     Open Access  
Medina-Te : Jurnal Studi Islam     Open Access  
Muqarnas Online     Hybrid Journal   (Followers: 4)
Muslim Heritage     Open Access  
Nadwa : Jurnal Pendidikan Islam     Open Access  
New Perspectives on Turkey     Full-text available via subscription   (Followers: 2)
Nuansa : Jurnal Penelitian Ilmu Sosial dan Keagamaan Islam     Open Access  
Nurani     Open Access  
Potensia : Jurnal Kependidikan Islam     Open Access  
Profetika Jurnal Studi Islam     Open Access  
Psikis : Jurnal Psikologi Islami     Open Access  
QURANICA : International Journal of Quranic Research     Open Access  
Refleksi     Open Access  
Reflektika     Open Access  
Religia     Open Access  
Religions of South Asia     Hybrid Journal   (Followers: 7)
Review of Middle East Studies     Full-text available via subscription   (Followers: 11)
Revista de Estudios Internacionales Mediterráneos     Open Access  
Ruhama : Islamic Education Journal     Open Access   (Followers: 1)
Shii Studies Review     Hybrid Journal  
Sociology of Islam     Hybrid Journal   (Followers: 4)
Studia Islamica     Hybrid Journal   (Followers: 3)
Studia Islamika     Open Access   (Followers: 1)
Studies in Islam and Psychology     Open Access  
Ta'dib     Open Access  
Tadrib : Jurnal Pendidikan Agama Islam     Open Access  
Tadris : Islamic Education Journal     Open Access  
Tajdida : Jurnal Pemikiran dan Gerakan Muhammadiyah     Open Access  
TARBIYA : Journal of Education in Muslim Society     Open Access   (Followers: 2)
Tarbiyatuna     Open Access  
Tawazun : Jurnal Pendidikan Islam     Open Access  
Teosofi : Jurnal Tasawuf dan Pemikiran Islam     Open Access   (Followers: 1)
Teosofia : Indonesian Journal of Islamic Mysticism     Open Access  
The Islamic Culture     Open Access  
Tidsskrift for Islamforskning     Open Access  
Tsaqafah : Jurnal Peradaban Islam     Open Access  
Ulul Albab     Open Access  
Ulumuna : Journal of Islamic Studies     Open Access  
VFAST Transactions on Islamic Research     Open Access   (Followers: 1)
Wahana Akademika : Jurnal Studi Islam dan Sosial     Open Access  
Walisongo : Jurnal Penelitian Sosial Keagamaan     Open Access   (Followers: 1)
Wardah : Jurnal Dakwah dan Kemasyarakatan     Open Access  
Wawasan     Open Access   (Followers: 1)


Similar Journals
Journal Cover
Al-Iqtishad : Journal of Islamic Economics
Number of Followers: 2  

  This is an Open Access Journal Open Access journal
ISSN (Print) 2087-135X - ISSN (Online) 2407-8654
Published by Syarif Hidayatullah State Islamic University Jakarta Homepage  [4 journals]
  • The Resilience of Sharia and Conventional Banks in Indonesia during the
           Covid-19 Pandemic Crisis

    • Authors: Nur Hidayah, Ainun Zamilah, Sofyan Rizal, Jaharuddin Jaharuddin
      Abstract: Abstract. This study aims to analyze the effect of COVID-19 on banking resilience in Indonesia and to investigate whether there are differences in the effect of COVID-19 on Islamic and conventional banks. Using panel regression with robust standard error on 38 conventional banks and sharia banks going public in Indonesia, covering the period before the COVID-19 pandemic (Q3 2018-Q4 2019) and during the COVID-19 pandemic (Q1 2020 – Q2 2021), it shows that the existence of the covid-19 crisis has a significant effect on all bank financial performance indicators, but not significant on all bank risk indicators. Using the independent t-Test test with the assumption of unequal variance and Welch correction, this study conducts a comparative test based on six panels of criteria and found that Islamic banks are more resilient than conventional banks.Keywords: Resilience, Bank Financial Performance, Bank Risk, Covid-19 Abstrak. Penelitian ini bertujuan untuk menganalisis pengaruh COVID-19 terhadap resiliensi perbankan di Indonesia dan menginvestigasi apakah terdapat perbedaan pengaruh COVID-19 terhadap resiliensi bank syariah dan konvensional. Menggunakan regresi panel dengan Robust standard error pada 38 bank konvensional dan bank syariah yang sudah ‘go public’ di Indonesia, meliputi periode sebelum pandemi COVID-19 (Q3 2018-Q4 2019) dan selama pandemi COVID-19 ( Q1 2020 – Q2 2021), studi ini menunjukkan bahwa keberadaan krisis covid-19 berpengaruh signifikan terhadap semua indikator kinerja keuangan bank, dan tidak signifikan terhadap semua indikator risiko bank. Dengan menggunakan uji Independent t-Test dengan asumsi unequal variance dan Welch correction, penelitian ini melakukan uji komparatif berdasarkan enam panel kriteria dan diperoleh kesimpulan bahwa bank syariah lebih tangguh dibandingkan bank konvensional.Kata kunci: Ketahanan, Kinerja Bank, Risiko Bank, Covid-19
      PubDate: 2021-12-31
      DOI: 10.15408/aiq.v13i2.23964
      Issue No: Vol. 13, No. 2 (2021)
  • An Innovative Fintech Model for The Enhancement of Akhuwat Microfinance

    • Authors: Mohammad Shahid, Ahmad Khaliq, Mohammed Meeran Jasir Mohtesham
      Abstract: Abstract. To accelerate Akhuwat microfinance growth and lessen its cost to assist the poor, the current study proposes Fintech Rich Hybrid Islamic Micro-Finance (FRHIMF) model. This study adopts a qualitative approach relying on the content analysis of secondary sources, such as research articles, journals, conference papers, and websites. The study reveals that to achieve socio-economic mobility, poor people are in requisite of adequate financing. However, Islamic commercial banks generally finance major businesses and medium- to high-income proficient workers in consumer finance. Thus, the poor are unable to access funding to meet their liquidity constraints and the needs of small business finance. Akhuwat microfinance is a globally renowned institution that has played a vital role in supporting the underprivileged community. The implementation of FRHIMF has greater potential to increase Akhuwat microfinance accessibility.Keywords.  Microfinance, Akhuwat, Poverty, Fintech Rich Hybrid Islamic Micro-FinanceJEL: D64,O1,O2 Abstrak. Untuk mempercepat pertumbuhan keuangan mikro Akhuwat dan menekan biayanya untuk membantu orang miskin, studi ini mengusulkan model Fintech Rich Hybrid Islamic Micro-Finance (FRHIMF). Studi ini mengadopsi pendekatan kualitatif dengan melakukan analisis konten terhadap  sumber-sumber sekunder berupa hasil-hasil penelitian, jurnal, makalah konferensi, dan situs web. Kajian ini mengungkapkan bahwa untuk mencapai mobilitas sosial ekonomi, masyarakat miskin membutuhkan pembiayaan yang memadai. Namun, bank syariah umumnya membiayai bisnis besar dan pekerja terampil berpenghasilan menengah ke atas untuk pembiayaan konsumsi. Dengan demikian, masyarakat miskin tidak dapat mengakses pendanaan untuk memenuhi kendala likuiditas dan kebutuhan pembiayaan usaha kecil. Keuangan mikro Akhuwat adalah lembaga yang terkenal secara global yang telah memainkan peran penting dalam mendukung masyarakat yang kurang mampu. Penerapan FRHIMF berpotensi besar untuk meningkatkan aksesibilitas keuangan mikro Akhuwat.Kata kunci. Keuangan Mikro, Akhuwat, Kemiskinan, Fintech Rich Hybrid Islamic Micro-FinanceJEL: D64,O1,O2
      PubDate: 2021-12-31
      DOI: 10.15408/aiq.v13i2.22498
      Issue No: Vol. 13, No. 2 (2021)
  • Determinants of Islamic Bank Share Price Fluctuation During the Covid 19
           Pandemic: The Case of BTPN Syariah Bank Shares

    • Authors: Farhan Lauda, Resfa Fitri, Qoriatul Hasanah
      Abstract: Abstract. The Covid-19 pandemic has caused a decline in the performance of the national economy. However, the share price of Islamic banks, especially the BTPN Syariah Bank (BTPS), has continued to grow. This study aims to identify and evaluate the variables affecting BTPS stock price fluctuation, using The Vector Error Correction Model (VECM). The results show that in the short term, only the Jakarta Composite Index variable had a significant effect on the stock price of BTPS. While in the long term, the variables of Price to Book Value (PBV), Trading Volume Activity (TVA), GDP, Bank Indonesia (BI) Reference Interest Rate, and the Jakarta Composite Index had a significant effect on BTPS stock price. Based on the Impulse Response Function (IRF) analysis, the stock price of BTPS responded negatively to shocks in GDP, TVA, and the exchange rate. Meanwhile, the shocks of Earning Per Share, PBV, BI Reference Interest Rate, and the Jakarta Composite Index were responded positively by BTPS share price. Based on the Forecast Error Variance Decomposition analysis, PBV gave the highest contribution in explaining the diversity of BTPS stock prices fluctuation.Keywords: Covid-19, BTPS Shares, VECM, Internal Factors, External Factors
      Abstrak. Pandemi Covid-19 menyebabkan penurunan perekonomian nasional. Namun, harga saham bank syariah, khususnya saham PT. Bank BTPN Syariah (BTPS) tetap tumbuh. Penelitian ini bertujuan untuk mengetahui faktor yang memengaruhi perubahan harga saham BTPS, dengan metode Vector Error Correction Model (VECM). Hasil penelitian menunjukan bahwa dalam jangka pendek, hanya variabel Indeks Harga Saham Gabungan yang berpengaruh signifikan terhadap harga saham BTPS. Sementara pada jangka panjang, variabel Price to Book Value (PBV), Trading Volume Activity (TVA), PDB, Suku Bunga Acuan Bank Indonesia (BI), dan Indeks Harga Saham Gabungan berpengaruh secara signifikan terhadap harga saham BTPS.  Berdasarkan analisis Impulse Response Function (IRF), harga saham BTPS merespon negatif adanya guncangan PDB, TVA, dan nilai tukar. Sementara guncangan Earning Per Share, PBV, Suku Bunga Acuan BI, dan Indeks Harga Saham Gabungan direspon positif oleh harga Saham BTPS. Berdasarkan analisis Forecast Error Variance Decomposition, PBV memberikan kontribusi tertinggi dalam menjelaskan keragaman perubahan harga saham BTPS.Kata kunci: Covid-19, Saham BTPS, VECM, Faktor Internal, Faktor Eksternal
      PubDate: 2021-12-31
      DOI: 10.15408/aiq.v13i2.22479
      Issue No: Vol. 13, No. 2 (2021)
  • The Influence of Intellectual Capital on Islamic Banks Profitability: A
           Mediation Analysis of Non-Profitability Performance and Islamicity
           Financial Performance Index

    • Authors: Rara Genta Munggarani Basri, Rahmat Mulyana, Hendri Tanjung
      Abstract: Abstract. This study aims to analyze the influence of intellectual capital on Islamic banks' profitability in Indonesia, mediated by non-profitability performance and Islamicity Financial Performance Index variables. This study uses Structural Equation Modeling (SEM) analysis of secondary data from a sample of 8 (eight) Islamic commercial banks in the form of financial statements for 2018-2020. This research shows, first, intellectual capital directly has a significant positive influence on the Islamic banks' profitability in Indonesia. Second, intellectual capital mediated by non-profitability performance has a significant positive influence on Islamic banks’ profitability. Also, the relationship of intellectual capital through the Islamicity Financial Performance Index has a positive significant influence on the Islamic banks’ profitability. This indicates that intellectual capital gives new strength for Islamic banks to compete with conventional banks.Keywords: Intellectual Capital, Profitability, Non-Profitability Performance, Islamicity Financial Performance Index Abstrak. Penelitian ini bertujuan untuk menganalisis pengaruh intellectual capital terhadap profitabilitas bank umum syariah di Indonesia yang dimediasi oleh variabel kinerja non profitabilitas dan Islamicity Financial Performance Index. Penelitian ini menggunakan analisis Structural Equation Modelling (SEM) terhadap data sekunder dari sampel 8 (delapan) bank umum syariah berupa laporan keuangan tahun 2018-2020. Temuan pertama menunjukkan bahwa intellectual capital memiliki pengaruh yang positif secara signifikan terhadap profitabilitas bank syariah di Indonesia. Kedua, intellectual capital yang dimediasi oleh variabel kinerja non profitabilitas menghasilkan pengaruh yang positif secara signifikan terhadap profitabilitas bank syariah. Dan hubungan intellectual capital melalui Islamicity Financial Performance Index juga menghasilkan pengaruh yang positif secara signifikan terhadap profitabilitas bank syariah. Hal ini mengindikasikan bahwa intellectual capital memberikan kekuatan baru bagi bank syariah untuk bersaing dengan bank konvesional.Kata kunci: Intellectual Capital, Profitabilitas, Kinerja Non-Profitabilitas, Islamicity Financial Performance Index
      PubDate: 2021-12-31
      DOI: 10.15408/aiq.v13i2.23038
      Issue No: Vol. 13, No. 2 (2021)
  • Islamic Financial Literacy and Its Influence on Student Financial
           Investment and Behavior

    • Authors: Fitriana Rahman, Laily Dwi Arsyianti
      Abstract: Abstract. The Financial Services Authority survey 2019 shows an Islamic financial literacy rate of 8.93% and has not been evenly distributed in every sector, especially in the capital market. The capital market Islamic financial inclusion index also has the lowest among other sectors. This study aims to analyze the level of Islamic financial literacy of students of the FEM IPB University and its influence on investment decisions through financial behavior with descriptive analysis and SEM-PLS methods. The results show the average level of Islamic financial literacy of respondents is 81.17%. Islamic financial literacy influences investment decisions and financial behavior. Then, financial behavior directly influences investment decisions. It also mediates the influence of Islamic financial literacy on investment decisions. The other finding indicates that gender has no influence, while income has a positive and significant effect on investment decisions.Keywords: Financial Behavior, Investment Decision, Islamic Financial Literacy, SEM-PLS Abstrak. Survei Otoritas Jasa Keuangan 2019 menunjukkan tingkat literasi keuangan syariah sebesar 8,93% dan belum merata di setiap sektornya terutama pada pasar modal. Indeks inklusi keuangan syariah pasar modal juga memiliki nilai terendah di antara sektor lain. Penelitian ini bertujuan menganalisis tingkat literasi keuangan syariah mahasiswa FEM IPB University dan pengaruhnya terhadap keputusan investasi melalui perilaku keuangan dengan metode analisis deskriptif dan SEM-PLS. Hasil penelitian menunjukkan rata-rata tingkat literasi keuangan syariah responden adalah 81,17%. Literasi keuangan syariah berpengaruh terhadap keputusan investasi dan perilaku keuangan, kemudian perilaku keuangan berpengaruh langsung terhadap keputusan investasi dan mampu memediasi pengaruh literasi keuangan syariah terhadap keputusan investasi. Ditemukan pula bahwa jenis kelamin tidak memiliki pengaruh, sementara pendapatan berpengaruh positif dan signifikan terhadap keputusan investasi.Kata kunci: Literasi Keuangan Syariah, Keputusan Investasi, Perilaku Keuangan, SEM-PLS
      PubDate: 2021-12-31
      DOI: 10.15408/aiq.v13i2.22005
      Issue No: Vol. 13, No. 2 (2021)
  • Liquidity Potential Analysis of Sharia Banks Using Stock-Based and
           Flow-Based Methods

    • Authors: Aqidah Asri Suwarsi, Syakir Jamaluddin, Diyah Fajri Anggraini, Anisatun Anggraeni
      Abstract: Abstract. Bank liquidity is adequate if the bank has sufficient funds when depositors withdraw them. The bank’s inability to meet its depositors’ rights will negatively affect public confidence and bank profitability. This study is to identify the potential liquidity risk of Islamic Commercial Banks in Indonesia using the Stock-Based and Flow-Based Methods based on OJK regulation. The assessment of the potential for liquidity risk using the stock-based method and the weight of the inherent risk value results in the statement risk level for each Islamic commercial Bank, ranging from 2.25 (low) to 2.85 (moderate). The flow-based method results in a negative liquidity gap. This research finds that bank liquidity has no significant impact on its profitability. The research provides direction for Islamic commercial banks in measuring liquidity risk so that the bank can formulate strategies for risk mitigation and control to avoid financial distress. Keywords: Flow-Based, Liquidity, Profitability, Risk Management, Stock-Based Abstrak. Likuiditas bank dikatakan baik apabila bank mampu memenuhi dana yang dibutuhkan saat deposan melakukan penarikan. Namun, jika bank tidak mampu memenuhi dana yang dibutuhkan oleh para deposan, maka tingkat kepercayaan masyarakat bisa berkurang dan memengaruhi profitabilitas bank. Penelitian ini mengidentifikasi potensi resiko likuiditas Bank Umum Syariah di Indonesia dengan Metode Stock-  Based dan Flow-Based, berdasarkan peraturan OJK. Penilaian potensi terjadinya risiko likuiditas dengan menggunakan metode stock-based dan bobot nilai risiko inheren memperoleh hasil tingkat risiko pada masing-masing bank umum syariah yang berkisar antara 2,55 (moderate) sampai dengan 3,15 (moderate). Metode flow-based, secara keseluruhan, menghasilkan gap likuiditas negatif. Dalam penelitian ini, tidak terdapat pengaruh likuiditas bank terhadap profitabilitas. Penelitian ini bermanfaat untuk memberikan arahan kepada Bank  Umum Syariah dalam mengukur Risiko Likuiditas sehingga Bank mampu merumuskan strategi untuk mitigasi dan pengendalian risiko untuk menghindari kondisi Financial Distress.Kata kunci: Flow-Based, Likuiditas, Manajemen Risiko, Profitabilitas, Stock-Based
      PubDate: 2021-12-31
      DOI: 10.15408/aiq.v13i2.22571
      Issue No: Vol. 13, No. 2 (2021)
  • Reinforcing the Position of Waqf in the Islamic Financial Ecosystem in

    • Authors: Lokot Zein Nasution, Diba Anggraini Aris, M Suryadinata, Yanti Nurhayanti
      Abstract: Abstract. This study aims to evaluate the position of waqf in the Islamic financial ecosystem in Indonesia. This study adopts an evaluative descriptive research method by distributing a set of questionnaires to expert informants which include Wakif, Nazir, Indonesian Waqf Agency, the Ministry of Religious Affairs, the Ministry of Finance, third parties that collaborate with Nazir, and other relevant parties. The result shows that Waqf can set religious norms and provide guidelines for economic activities. The most strategic instruments to apply in the Islamic financial markets include Zakat, Infaq, Sadaqah, and waqf (ZISWAF). The four instruments have been considered to increase prosperity and manage income distribution in order to reduce income inequality. Waqf, in particular, plays an important role in building and supporting economic development in the country, especially through the socio-economic dimension. As one of the instruments to distribute wealth in Islam, it is able to produce high-quality development. However, there are two fundamental issues regarding the national waqf, institutional and market problems. The national waqf requires institutional support and market order to build the established Islamic finansical ecosystem.Keywords: Islamic Finance, Productive Waqf, Waqf Ecosystem Abstrak. Penelitian ini bertujuan untuk mengevaluasi posisi wakaf dalam ekosistem keuangan syariah di Indonesia. Penelitian ini menggunakan  metode penelitian deskriptif evaluatif dengan mendistribusikan kuesioner kepada informan ahli, meliputi wakif, nazhir, Badan Wakaf Indonesia, Kementerian Agama, Kementerian Keuangan, dan pihak terkait lainnya. Hasilnya menunjukkan bahwa wakaf memiliki kekuatan untuk menetapkan norma-norma agama dan memberikan pedoman untuk kegiatan ekonomi. Instrumen yang paling strategis untuk diterapkan di pasar keuangan Islam termasuk Zakat, Infaq, Sadaqah, dan wakaf (ZISWAF). Keempat instrumen tersebut telah dipertimbangkan untuk meningkatkan kemakmuran dan mengelola distribusi pendapatan guna mengurangi ketimpangan pendapatan. Wakaf, khususnya, memainkan peran penting dalam membangun dan mendukung pembangunan ekonomi di tanah air, terutama melalui dimensi sosial ekonomi. Sebagai salah satu instrumen untuk mendistribusikan kekayaan dalam Islam, wakaf mampu menghasilkan pembangunan berkualitas tinggi. Namun, ada dua isu mendasar mengenai masalah wakaf nasional, kelembagaan dan pasar. Wakaf nasional membutuhkan dukungan kelembagaan dan ketertiban pasar untuk membangun ekosistem keuangan Islam yang mapan.Kata kunci: Keuangan Syariah, Waqf Produktif, Waqf Ekosistem
      PubDate: 2021-12-31
      DOI: 10.15408/aiq.v13i2.22403
      Issue No: Vol. 13, No. 2 (2021)
  • The Effect of Dow Jones Islamic Market World Index, Foreign Exchange,
           Foreign Investment and Domestic Investment with the Intervening Composite
           Stock Price Index on the Indonesian Sharia Stock Index

    • Authors: Sofyan Halim
      Abstract: Abstract. The purpose of this research is to know the effect of the DJIMWI, Forex, Foreign Investment, Domestic Investment on the Indonesian Sharia Stock Index (ISSI) with the intervening of JCI in the research period. Through regression analysis, this study concludes that the DJIWMI and the foreign exchange variables have significant positive effect on the JCI. However, the JCI is not significantly affected by the foreign investment but is influenced by domestic investment. Furthermore, it shows that DJIMWI and domestic investment have a significant positive effect on ISSI. The pathway analysis shows that there is a significant effect between the JCI variables on the ISSI. DJIMWI through the JCI has a significant influence on ISSI. Meanwhile, the foreign exchange variable through the JCI has a significant influence on the ISSI variable. On the other hand, the variable of foreign investment through the JCI has no significant effect on ISSI; however, domestic investment through the JCI has a significant influence on ISSI. The limitations of the study are factors outside the research model, which are 25.88% and 53.47% of the dependent variable of JCI and ISSI.Keywords: Dow Jones Islamic Market World Index, Foreign Investment, Domestic Investment, Indonesian Sharia Stock Price Index, Composite Stock Price Index, Foreign Exchange Rate Abstrak. Tujuan dari Penelitian ini untuk mengetahui pengaruh dari variable Dow Jones Islamic Market World Index (DJIMWI), valuta asing, investasi asing, investasi domestik terhadap Indeks Saham Syariah Indonesia dengan intervening variabel IHSG pada periode yang dikaji. Melalui analisis regresi, penelitian ini menyimpulkan bahwa DJIWMI dan valuta asing berpengaruh positif secara signifikan terhadap IHSG. Namun demikian, IHSG tidak terpengaruh secara signifikan oleh investasi asing, tetapi dipengaruhi oleh investasi domestik. Selanjutnya, studi ini menunjukkan bahwa DJIMWI dan investasi domestik berpengaruh positif secara signifikan terhadap ISSI. Hasil uji melalui analisis pathway menunjukkan adanya pengaruh signifikan antara variabel IHSG pada ISSI. DJIMWI dan valuta sing melalui IHSG memiliki pengaruh signifikan terhadap ISSI. Di sisi lain, investasi asing melalui IHSG tidak berpengaruh signifikan terhadap ISSI; namun investasi domestik melalui IHSG memiliki pengaruh signifikan terhadap ISSI. Keterbatasan penelitian ada pada faktor di luar model penelitian sebesar 25,88% dan 53,47% dari variable dependen IHSG dan ISSI.Keywords: Dow Jones Islamic Market World Index, Investasi Asing, Investasi Domestik, Indeks Saham Syariah Indonesian, Indeks Harga Saham Gabungan, Valuta Asing
      PubDate: 2021-12-31
      DOI: 10.15408/aiq.v13i2.22116
      Issue No: Vol. 13, No. 2 (2021)
  • The Effects of Productivity and Liquidity on the Profitability of Islamic
           Banks in Indonesia

    • Authors: Muhamad Nadratuzzaman Hosen, Syafaat Muhari, Kevin Costner Kardius
      Abstract: Abstract. This study is to measure and analyze the levels of productivity and liquidity of Islamic Banks in Indonesia. This study uses a non-parametric method, contrived from the Malmquist Productivity Index, to measure and analyze the level of productivity of Islamic Banks. Also, this study uses the Liquidity Creation (LC) scale as a liquidity indicator. The regression of the Tobit model is used to measure the effects of independent variables, namely; productivity, liquidity, Financing to Deposit Ratios/FDR, Non-Performance Financing/NPF, and the Capital Adequacy Ratio/CAR, on the profitability of Islamic banks, as represented by Return on Assets/ROA. This study shows that FDR, NPF, and CAR are statistically significant to ROA, while Total Factor Productivity/TFP and LC are not statistically significant. Other results show the level of productivity of Islamic Banks decreased during the period 2011-2020. In terms of liquidity level, Islamic banks did have a sound level of liquidity, based on mapping the criteria of FDR, NPF, and CAR, where the LC always grew. This study shows the novelty of integrating productivity, liquidity, and profitability techniques, to measure Islamic Banking Performance in Indonesia.Keywords: Islamic Bank, Total Factor Productivity, Liquidity Creation, ProfitabilityJEL: G21, R51 Abstrak. Tujuan dari penelitian ini adalah untuk mengukur dan menganalisis tingkat produktivitas dan likuiditas Bank Umum Syariah di Indonesia. Penelitian ini menggunakan metode non parametrik yakni Malmquist Productivity Index untuk mengukur dan menganalisis tingkat produktivitas Bank Umum Syariah. Selain itu, penelitian ini menggunakan Liquidity Creation (LC) sebagai indikator likuiditas. Regresi model Tobit digunakan untuk mengukur pengaruh variabel bebas, yaitu; produktivitas, likuiditas, Financing to Deposit Ratio/FDR, Non-Performance Financing/NPF, dan Capital Adequacy Ratio/CAR terhadap profitabilitas bank syariah yang direpresentasikan oleh Return on Assets/ROA. Penelitian ini menunjukkan bahwa FDR, NPF, dan CAR berpengaruh signifikan terhadap ROA, sedangkan Total Factor Productivity/TFP dan LC tidak berpengaruh signifikan. Hasil lainnya menunjukkan bahwa tingkat produktivitas Bank Umum Syariah menurun selama periode 2011-2020. Dari sisi tingkat likuiditas, bank syariah memang memiliki tingkat likuiditas yang sehat berdasarkan pemetaan kriteria FDR, NPF dan CAR, dimana LC selalu meningkat setiap periode. Studi ini menunjukkan kebaruan dalam integrasi teknik produktivitas, likuiditas, dan profitabilitas, untuk mengukur kinerja perbankan Syariah di Indonesia. Keywords: Bank Syariah, Total Factor Productivity, Liquidity Creation, ProfitabilityJEL: G21, R51
      PubDate: 2021-12-31
      DOI: 10.15408/aiq.v13i2.22585
      Issue No: Vol. 13, No. 2 (2021)
  • The Issues of Wa'ad IMBT in The Fatwa DSN MUI Based on Fiqhiyyah

    • Authors: Muh Fudhail Rahman, Mujhid Budi Luhur
      Abstract: Abstract. This study discusses the concept and function of wa'ad in the DSN-MUI Fatwa No.85/DSN-MUI/XII/2012 concerning Wa'ad in Islamic Financial and Business Transactions, changing the contract from non-binding to binding nature. This study aims to analyze wa'ad law in IMBT in terms of its risks and benefits. This study uses data from the DSN-MUI Fatwa, Islamic jurisprudence, and other scientific papers. This study finds out that IMBT combines an ijarah contract (lease) with a sale-purchase contract or a grant. The ijarah contract, the sale, and the purchase contract are linked with an agreement. In principle, the legal status of fulfilling wa'ad in Islamic finance and business transactions is binding because it will provide benefits for the Islamic economic community, and there will be no financing problems. In the DSN-MUI fatwa, the concept of "Doing two lesser evils" is used in determining the fatwa regarding promises (wa'ad) in a transaction.Keywords: Wa'ad, IMBT, Binding Promise, Islamic Jurisprudence Abstrak. Kajian ini membahas tentang konsep dan fungsi wa’ad dalam Fatwa DSN-MUI No.85/DSN-MUI/XII/2012, yang diubah dari tidak mengikat menjadi mengikat. Penelitian ini bertujuan untuk mengetahui analisis hukum wa’ad dalam IMBT ditinjau dari sisi kemaslahatan dan risikonya. Metode yang digunakan dalam penelitian ini adalah metode yuridis normative, dengan data berupa Fatwa DSN-MUI, literatur Hukum Islam/Fiqh, dan karya ilmiah lainnya. IMBT merupakan gabungan antara akad ijarah (sewa) dengan akad jual beli atau hibah. Akad ijarah dan akad jual beli  diikat dengan janji. Pada prinsipnya status hukum pemenuhan janji (wa’ad) dalam transaksi keuangan dan bisnis syariah adalah mengikat karena akan memberikan manfaat bagi masyarakat ekonomi syariah dan tidak menimbulkan masalah pembiayaan. Pada fatwa DSN-MUI, konsep “Melakukan dua keburukan yang lebih ringan” digunakan dalam menentukan fatwa tentang janji (wa’ad) dalam suatu transaksi.  Kata Kunci: Wa'ad, IMBT, Janji Yang Mengikat, Aturan Fiqhiyyah
      PubDate: 2021-12-31
      DOI: 10.15408/aiq.v13i2.22418
      Issue No: Vol. 13, No. 2 (2021)
School of Mathematical and Computer Sciences
Heriot-Watt University
Edinburgh, EH14 4AS, UK
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