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Tazkia Islamic Finance and Business Review
ISSN : 24600717     EISSN : 24600717     DOI : -
Core Subject : Economy,
Tazkia Islamic Finance and Business Review (TIFBR) is a peer-reviewed journal published by the Institute for Research and Community Empowerment (IRCE), Tazkia University College of Islamic Economics in collaboration with Association of Islamic Economics Lecturers (ADESY). The Journal is semi-annual journal issued in July and December. The aim of the journal is to disseminate Islamic Economics, finance and business researches done by researchers both from Indonesia and overseas.
Arjuna Subject : -
Articles 5 Documents
Search results for , issue "Vol. 15 No. 2 (2021)" : 5 Documents clear
The Influence Of Financial Performance, Macroeconomic Indicators And Systemic Risk On Manufacturing Sector Sharia Share Return Rizky Siswanto; Sigid Eko Pramono; Rifki Ismal
Tazkia Islamic Finance and Business Review Vol. 15 No. 2 (2021)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v15i2.273

Abstract

The purpose of this study is to examine and analyze the effect of financial performance as measured using Return On Assets (ROA), Current Ratio (CR) and Earning Per Share (EPS), macroeconomic indicators using the BI rate, exchange rate and inflation as well as adding systematic risk as the intervening variable on sharia stock returns in the manufacturing sector on the Indonesian Sharia Stock Index (ISSI). The research sample was 51 companies with a range of observations from 2016 to 2020, using the Structural Equation Modeling (SEM) method and IBM AMOS (Analysis of Structural Moment) V.22 software for testing the available data. The findings of the direct test results show that financial performance and systematic risk have an effect on Islamic stock returns, while macroeconomic indicators have no effect. The test results through the intervening variable found that financial performance had an effect, but macroeconomic indicators still had no effect on Islamic stock returns through systematic risk. Activities in the consumer goods industry and basic industry which have always been the main needs are the reason why issuers in the manufacturing sector at ISSI are not affected by changes in macroeconomic indicators. Keywords: Financial Performance, Macroeconomic Indicators, Systematic Risk, Islamic Stock, Returns
Do Islamic Bankers Optimist on Islamic Banking Growth? Case Study of Islamic Banking Employees in Indonesia Dini Oktora Rianti; Yaser Taufik Syamlan
Tazkia Islamic Finance and Business Review Vol. 15 No. 2 (2021)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v15i2.280

Abstract

This study aims to determine the perceptions of Islamic banking employees on the growth of Islamic banking in the future. This research is also to find out the influence of products and services, experience and skills, marketing of products and services, and practices of Islamic banking on the growth of Islamic banking. The sample used in this study was 100 respondents of Islamic banking employees in Indonesia. The method used is path analysis. The results of this study indicate that the perception of products and services has no significant and positive effect on Islamic banking practices, perceptions of experience and skills have a significant and positive effect on Islamic banking practices, perceptions of product and service marketing have a significant and positive effect on sharia banking practices, then product perceptions and services have no significant and positive effect on the growth of Islamic banking, perceptions of experience and skills have no significant and positive effect on the growth of Islamic banking, perceptions of product and service marketing have a significant and positive effect on the growth of Islamic banking, and the perception of Islamic banking practices has a significant and positive effect on growth of Islamic banking. From the results of this study, it is expected that Islamic banking employees need to improve the practice of Islamic banking in the perception of products and services. Then sharia banking employees also need to improve products and services and perceptions of experience and skills in the growth of Islamic banking. Keywords: Future Growth, Perception, Islamic Banks  
Macroeconomic Indicators and Sukuk Market Performance in Selected OIC Economies : english Nursilah Ahmad; Asma Abdul Rahman; Syazwani Abdul Rahim; Nurul Atika Azzan
Tazkia Islamic Finance and Business Review Vol. 15 No. 2 (2021)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v15i2.282

Abstract

Sukuk plays a critical role in developing Islamic finance globally. Therefore, it is important to identify macroeconomic determinants that drive the sukuk market. The study investigates the relationship between macroeconomic indicators and sukuk market performance for the period 2004 until 2019 in 10 sukuk issuing countries using a panel data approach. The macroeconomic indicators are Gross Domestic Product (GDP), consumer price index, trade openness, exchange rates, and financial crisis. The findings reveal that GDP, trade openness, and exchange rates have a significant impact on sukuk market performance. In addition, the study analyses the growth components of GDP in these countries five years before the Covid-19 pandemic outbreak. The countries' performance in terms of changes in percentage contribution of consumption, investment, government spending, and net export, towards GDP growth, is measured. The findings indicate that the consumption component contributes the most to economic stability. Therefore, the authorities can implement policies that would support productive consumption and design trade policies that will enhance sukuk market performance. Keywords: Sukuk, Macroeconomic Indicators, Islamic Bond, GDP Decomposition       
Effect of The Board of Director's Characteristic On Islamic Bank's Financial Soundness : english Afef Khalil
Tazkia Islamic Finance and Business Review Vol. 15 No. 2 (2021)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v15i2.283

Abstract

The aims of this study is to diagnose the Board of Director’s characteristics and its impact on the financial soundness of Islamic banks. Regression analysis are applied to test the effect of the Board of Director's characteristics on the financial soundness of Islamic banking, employing a panel data composed of 67 Islamic banks during the period 2005-2014. The level of Islamic bank soundness is individually using the Z-score indicator. To verify the robustness of results, we use other dependent variables (CAMEL) than the Z-score for the year 2018. Results show that the independent non-executive director, the foreign director and the institutional director, have a negative and significant impact on the financial soundness of Islamic banks. While, the Board of Director’s size does not have any significant effect on the financial soundness of Islamic banks.This research contributes to fill the gaps in the literature that discussed the Board of Directors’ role in the corporate governance of Islamic banking. In other words, it shows the role played by the Board of Director and improves our knowledge of the financial soundness-corporate governance relationship. With this paper, we hope to clarify the relationship between the Board of Director and the financial soundness of Islamic banks and provide new insights to the literature review. This study offers practical and valuable implications for banking associations, researchers and regulators. In other words, in addition to its theoretical and scientific value, this paper is practical and useful for professionals.     Keywords: Board of Director, Corporate Governance, Financial soundness, Islamic Bank
Do Financing Schemes Affect the Functions of Islamic Banks in Indonesia? Wahyu Wastuti Suwasdi; Nur Hidayah; Siti Sarah Nasution
Tazkia Islamic Finance and Business Review Vol. 15 No. 2 (2021)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v15i2.285

Abstract

This study aims to examine the effect of financing schemes on the dual functions of Islamic banks. For intermediary function, its analysis the financing schemes toward profitability. Financing schemes consist of Mudharabah, Qardh, Istisna’ and Ijarah. Meanwhile, the profitability level is measured by Return on Asset (ROA). In this study, the authors used the data from Financial Services Authority (OJK) for the study period from 2014 till 2022. This research used the Multiple Linear Regression to analyze the data. The results of this study indicate that Mudharabah, Qardh, and Ijarah in Full-Fledged  Islamic banks (BUS) are significant effect on ROA. Mudharabah has negative effect but Qardh and Ijarah has positive effect. Meanwhile, in Sharia Business Unit (UUS) Qardh, Istisna’ and Ijarah have significant effect on ROA. All the variables have negative effect. Based on the analysis of Qardh financing, the social function of Islamic banks has not been carried out optimally. Keywords: Mudharabah, Qardh, Istisna’, Ijarah, ROA

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