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ARE ISLAMIC BANKS STILL SOUND AMIDST PANDEMIC? Clarashinta Canggih; Fira Nurafini; Sri Abidah Suryaningsih; Khusnul Fikriyah; Rachma Indrarini; Fitriah Dwi Susilowati
EL DINAR: Jurnal Keuangan dan Perbankan Syariah Vol 10, No 2 (2022): El Dinar
Publisher : Faculty of Economics Universitas Islam Negeri Maulana Malik Ibrahim Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18860/ed.v10i2.17256

The paper aims to check whether Islamic banks in Indonesia remain sound amid the Covid-19 Pandemic by comparing the soundness levels of Islamic commercial banks before and during the Covid-19 Pandemic. This research used a quantitative approach with the non-parametric Wilcoxon Signed-Rank Test to compare bank soundness before and during the Covid-19 Pandemic. The bank's resilience was measured using the Risk-Based Bank Rating (RBBR), e.g., Non-Performing Finance (NPF), Finance to Deposit Ratio (FDR), Capital Adequacy Ratio (CAR), and Net Operating Margin (NOM). The study exempted aspects of Good Corporate Governance since it is qualitative. The study used quarterly data in 2018-2019 (before the pandemic) and 2020-2021 (during the pandemic). The results showed a significant difference between CAR before and during the Covid-19 Pandemic. Meanwhile, NPF, FDR, ROA, and NOM showed no significant differences before and during the Covid-19 Pandemic. Based on the results, it can be concluded that the Covid-19 Pandemic generally does not affect the Islamic banks' soundness level, except for capital. It showed that the Islamic Bank proved to be resilient against crises. The study adds literature on the resilience of Islamic banks, particularly during the Covid-19 Pandemic, and validates the RBBR measurement to analyze the bank's soundness. In addition, the results of this study are also expected to be a consideration for policymakers to design the right policies for optimizing Islamic banks to thrive and support post-pandemic recovery.

Pelatihan Pengelolaan Keuangan Berbasis Syariah Pada PKK Kabupaten Lumajang Sri Abidah Suryaningsih; Clarashinta Canggih; Fira Nurafini; Moch. Khoirul Anwar; Maryam Bte Badrul Munir
Inspirasi: Jurnal Pengabdian dan Pemberdayaan Masyarakat Vol. 3 No. 1 (2023): February
Publisher : Inspirasi Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar

Lumajang is one of the areas in East Java, Indonesia, with a Muslim majority population. As Muslims, we must understand sharia rules, including how to manage sharia-based finance. Based on the results of the interviews, it was found that the majority of Lumajang District PKK cadres who are Muslim still do not optimally understand how to manage finances based on Islamic rules. Therefore, financial management training is needed from a sharia perspective to increase people's knowledge and abilities in managing finances according to Islamic rules to bring goodness to the world and the hereafter. Sharia-based financial management training is carried out through preparation, pre-test, training implementation, and post-test. The training results showed that the participant's understanding of sharia-based financial management increased from an average pre-test score of 71% and an average post-test score of 85%.

Rahn Financing Stability amid Macroeconomic Fluctuations: A VECM Analysis of Islamic Pawnshops in Indonesia (2020–2025) Indra Setiawan Hardiansyah; Fira Nurafini
International Conference on Islamic Economic (ICIE) Vol. 5 No. 1 (2026): April
Publisher : Sekolah Tinggi Agama Islam Darul Ulum Banyuanyar Pamekasan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58223/icie.v5i1.447

The development of rahn financing at Sharia Pawnshops in Indonesia cannot be separated from the dynamics of macroeconomic conditions that continue to change. Macroeconomic instability, such as inflation, BI-Rate, and exchange rates, has the potential to affect the performance and distribution of rahn financing. This condition became more pronounced during the 2020–2025 period, which was characterized by an economic crisis due to the COVID-19 pandemic and the subsequent economic recovery, thus necessitating empirical investigation. This study aims to analyze the effects of inflation, BI-Rate, and exchange rates on the distribution of rahn financing at Sharia Pawnshop in Indonesia, both in the short run and the long run. The analytical method employed in this study is the Vector Error Correction Model (VECM) using time series data. The analysis stages include stationarity tests, optimal lag determination, cointegration tests, VAR/VECM estimation, as well as Impulse Response Function (IRF) and Variance Decomposition (VD) analyses to examine the dynamic relationships among variables. The results indicate that inflation does not have a significant effect on rahn financing. The BI-Rate has a significant and negative effect on rahn financing, suggesting that increases in the benchmark interest rate tend to suppress the distribution of rahn financing. Meanwhile, the exchange rate does not have a significant effect in the short run but shows a significant and positive effect in the long run. These findings indicate that rahn financing is relatively stable against inflationary pressures but is sensitive to changes in the BI-Rate and exchange rate conditions in the long term. This study is expected to provide empirical references for the management of Syariah Pahwnshop and regulators in formulating financing policies that are more adaptive and responsive to macroeconomic dynamics, particularly in maintaining the stability and sustainability of rahn financing in Indonesia.

Profit-Sharing Perception and Service Quality as Determinants of Customers’ Decisions to Use Tadhabur Savings Putri Izzah Septiani Cindito; Fira Nurafini
International Conference on Islamic Economic (ICIE) Vol. 5 No. 1 (2026): April
Publisher : Sekolah Tinggi Agama Islam Darul Ulum Banyuanyar Pamekasan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58223/icie.v5i1.450

Customers desires and interests play a role in driving decision-making regarding the use of Islamic bank savings. Customer decisions regarding the use of Islamic bank savings can be influenced by several factors. Differences in customer perceptions of the profit-sharing system in Islamic bank savings occur due to differences in their level of understanding and knowledge regarding the profit-sharing system in Islamic bank savings. The quality of service provided by Islamic banks is also a factor in attracting and retaining Islamic bank customers. This study aims to analyze customer perceptions of the profit-sharing system in Islamic bank savings and the quality of service provided by the bank to customers in relation to customer decisions regarding the use of Islamic bank savings. The sample used in this study was 95 Tadhabur savings customers at BPRS Lantabur Tebuireng, Surabaya Branch. Data collection in this study used questionnaires as primary data which were analyzed using multiple linear regression analysis and processed using SPSS 26. The results of this study indicate that Profit Sharing Perception (X1) has a significant effect on Customer Decisions (Y) in using tadhabur savings at BPRS Lantabur Tebuireng Surabaya Branch and Service Quality (X2) has a significant effect on Customer Decisions (Y) in using tadhabur savings at BPRS Lantabur Tebuireng Surabaya Branch. The t-test results show a significance value for the profit sharing perception variable of 0.005 and the service quality variable of 0.000. This study can be a reference for policies or decisions and provide insight for related parties

The Influence of Financial attitude on Sharia Investment Intention among Generation Z in Surabaya: The Mediating Role of Financial literacy Erry Arista Pratama; Fira Nurafini
International Conference on Islamic Economic (ICIE) Vol. 5 No. 1 (2026): April
Publisher : Sekolah Tinggi Agama Islam Darul Ulum Banyuanyar Pamekasan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58223/icie.v5i1.474

This study aims to examine the influence of financial attitude on investment intention in the Islamic capital market among Generasi Z in Surabaya with financial literacy as a mediating variable. The research employs a quantitative approach using primary data collected through an online questionnaire distributed via Google Forms. The respondents consist of 153 Generasi Z individuals residing in Surabaya with diverse demographic backgrounds. The variables analyzed in this study include financial attitude as the independent variable, financial literacy as the mediating variable, and investment intention as the dependent variable. Data analysis was conducted using the Partial Least Squares Structural Equation Modeling (PLS-SEM) technique to test both direct and indirect relationships among variables. The results indicate that financial attitude has a significant positive effect on financial literacy. However, financial attitude does not have a significant direct effect on investment intention in the Islamic capital market. Meanwhile, financial literacy has a significant positive effect on investment intention and also functions as a mediating variable in the relationship between financial attitude and investment intention. These findings highlight the importance of financial literacy in transforming positive financial attitudes into stronger intentions to invest among Generasi Z.

The Influence Of Halal Knowledge, Halal Awareness, Religiosity On Food Beverages Purchase Decisions Among Generation Z Suci Maulidya; Fira Nurafini
International Conference on Islamic Economic (ICIE) Vol. 5 No. 2 (2026): Article In Press
Publisher : Sekolah Tinggi Agama Islam Darul Ulum Banyuanyar Pamekasan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58223/icie.v5i2.486

The dominance of the consumer market in Indonesia, now led by Generation Z Muslims, presents the culinary industry with the challenge of meeting food needs in accordance with sharia principles. In rapidly developing urban areas such as Surabaya, the dynamics of food and beverage consumption continue to soar, but have not been matched by the even distribution of official halal certification for every culinary product in circulation. Field conditions demonstrate this phenomenon, where some young Muslim consumers are still ignorant and continue to consume products whose halal status is not guaranteed, reflecting their cognitive understanding and spiritual depth. This study applies an associative quantitative approach through primary data collection from 131 respondents domiciled in Surabaya. Data were analyzed using techniques (SPSS) to test direct and indirect relationships between variables. The results of the complete test indicate that partially halal knowledge, halal awareness, and religiosity have a significant influence on purchasing decisions for halal food and beverage products. This study contributes to regulators and educational institutions in developing knowledge about halal in the food and beverage world for Generation Z.

Does Bank Size Matter? A Comparative Study of Risk, Return and Efficiency in Islamic Banking Fira Nurafini; Arfiana Meilani Andrayuni
Indonesian Journal of Islamic Economics and Finance Vol. 5 No. 2 (2025)
Publisher : Institut Agama Islam Sunan Giri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37680/ijief.v5i2.9556

This study examines whether bank size influences differences in risk, return, and operational efficiency in Islamic commercial banks in Indonesia. Despite the rapid growth of the Islamic banking sector, performance disparities among banks remain evident, raising questions about the role of bank size in shaping financial outcomes. The aims of this study is to analyze the performance of Islamic banks based on their size classifications. This research employs a quantitative comparative approach using panel data from 12 Islamic commercial banks over the period of 2021–2025. Bank size is categorized into four groups based on core capital, while risk, return, and efficiency are measured using Non-Performing Financing (NPF), Return on Assets (ROA), and Cost to Income Ratio (CIR), respectively. The analysis utilizes non-parametric statistical methods, particularly the Kruskal–Wallis test, due to non-normal data distribution. The findings reveal significant differences in risk, return, and operational efficiency across bank size groups. Smaller banks tend to exhibit higher risk, lower profitability, and lower efficiency, while medium-sized banks demonstrate the highest profitability and better efficiency. However, larger bank size does not always guarantee superior performance, indicating the presence of other influencing factors. In conclusion, bank size plays an important but not exclusive role in determining Islamic bank performance, highlighting the need for effective risk management and operational strategies.

Determinants of Islamic Banks' Financial Performance in ASEAN Countries Arya Ramadhani; Aufar Fadlul Hady; Fira Nurafini
Jurnal Ilmiah Ekonomi Islam Vol. 12 No. 2 (2026): Jurnal Ilmiah Ekonomi Islam
Publisher : ITB AAS INDONESIA Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jiei.v12i2.19355

This study aims to examine the determinants of Islamic banks’ financial performance in selected ASEAN countries, namely Indonesia, Malaysia, Thailand, and Brunei Darussalam. The financial performance of Islamic banks is assessed using ROA, with important explanatory variables including the CAR, NPF, and FDR. This study takes a quantitative approach, using secondary data from Islamic banks' annual financial reports for the period 2020 – 2024. The data are evaluated using panel data regression, and model selection is conducted using the Chow test, Hausman test, and Lagrange multiplier test, which indicate that the Random Effects Model (REM) is the most appropriate estimation approach. The results show that CAR has a positive and significant effect on the financial performance of Islamic banks, whereas NPF and FDR have negative and positive coefficients, respectively, but do not show a significant effect on ROA. These results indicate that capital adequacy mainly drives the financial performance of Islamic banks in ASEAN, whereas credit risk and liquidity levels have little effect on profitability. This could be because of the risk-sharing nature inherent in Islamic banking practices.

Pengaruh Pertumbuhan Ekonomi, Inflasi, BI Rate dan Nilai Tukar Rupiah terhadap Nilai Aktiva Bersih (NAB) Reksadana Syariah di Indonesia Refi Mariska Junaidi; Fira Nurafini
Jurnal Ilmiah Ekonomi Islam Vol. 12 No. 2 (2026): Jurnal Ilmiah Ekonomi Islam
Publisher : ITB AAS INDONESIA Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jiei.v12i2.19682

The net asset value (NAV) of Islamic mutual funds in Indonesia has fluctuated significantly in recent years and remains lagging behind conventional mutual funds. This situation creates uncertainty for investors and indicates the influence of external factors, particularly macroeconomic variables, on the performance of Islamic mutual funds. The main focus of this research is to identify the influence of macroeconomic indicators, including economic growth, inflation, the BI Rate, and the rupiah exchange rate, on the NAV of Islamic mutual funds in Indonesia. The data used is secondary data with a monthly time series pattern. This secondary data was obtained from official publications released by Bank Indonesia, the Financial Services Authority, the Ministry of Trade of the Republic of Indonesia, and the World Bank. The data period studied covers the period from April 2016 to September 2025. Data analysis uses a Vector Error Correction Model (VECM) approach. The long-term VECM estimation results indicate that economic growth, the BI Rate, and the rupiah exchange rate significantly influence the NAV of Islamic mutual funds. Meanwhile, the inflation variable does not show a significant effect on the NAV of Islamic mutual funds in the long term.

ANALISIS PENGARUH INDIKATOR MAKROEKONOMI DAN MODAL INTELEKTUAL TERHADAP PROFITABILITAS PERBANKAN SYARIAH INDONESIA Danish Nadira; Fira Nurafini
Jurnal Ekonomika dan Bisnis Islam Vol 9 No 1 (2026): April in Proses
Publisher : Universitas Negeri Surabaya

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During the period from 2010 to 2024, the national Islamic banking industry showed substantial growth in accumulated assets, with a dominant contribution of more than 90% to the total Islamic financial assets in Indonesia. However, this asset expansion has not been accompanied by stable profitability, given the fluctuations in Return on Assets (ROA) triggered by internal and external dynamics. This study aims to investigate the influence of macroeconomic indicators and intellectual capital dimensions, including iB-VACA, iB-VAHU, and iB-STVA on the profitability performance of Islamic banks. By applying panel data regression analysis through the Random Effects Model (REM) approach to a sample of 12 Islamic banking entities (6 sharia commercial bank and 6 sharia business unit), the results of the study reveal that only the human capital component (iB-VAHU) has a significant effect on ROA. This finding confirms that the quality and productivity of human resources are the main determinants in optimizing profitability in the Islamic banking sector in Indonesia.

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