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INDONESIA
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 198 Documents
The Customer’s Perception Towards Islamic and Conventional Banks in Algeria Abdelhak Taalbi; Dr. Nur Farhah Binti Mahadi; Dr.Ashurov Sharofiddin
Tazkia Islamic Finance and Business Review Vol. 17 No. 1 (2023): TIFBR
Publisher : Faculty of Islamic Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v17i1.311

Abstract

This study aims to know the perception of customers towards Islamic and conventional banks in Algeria, and to help banks operating in Algeria focus on the most important factors for customers, improve their ways of dealing with customers, and focus on these standards in its promotional program to reach the target segment. In order to achieve this, the researcher has chosen a random sample of (203) size from customers of Islamic and conventional banks in Algeria, the questionnaire was approved to collect data, and it was subject to honesty and reliability standards. The researcher used one approach to analyze the results of the research; the first is the descriptive analytical approach to answer the research question. The study reached several results, the most important of which are the following: 1. The majority of customers are fully aware of the principle of Islamic and conventional banking in Algeria. They were able to answer all the questions related to customer perception, which indicates their good understanding of the Islamic and conventional banking principle. In other words, the higher the awareness, the more effective the customer awareness of Islamic and conventional banks.
Efficiency Analysis of Financial And Non-Financial Performance At Nu Care-LAZISNU East Java Rany Dinda Damara; Hastanti Agustin Rahayu
Tazkia Islamic Finance and Business Review Vol. 17 No. 1 (2023): TIFBR
Publisher : Faculty of Islamic Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v17i1.312

Abstract

The purpose of this research is to describe how the level of financial and non-financial performance is implemented by the NU Care-LAZISNU Regional Management of East Java Province based on efficiency ratios.In this study using a descriptive qualitative method approach. Primary and secondary data were obtained directly from NU Care-LAZISNU East Java through interviews, documentation and observation techniques which were then processed and analyzed to draw conclusions. The results of this study indicate that the level of efficiencythe financial performance of NU Care-LAZISNU East Java for the period 2017-2021 in the efficiency ratio for non-program activities experienced fluctuations and the efficiency ratio for program activities experienced efficiency consistency. While the efficiency level of non-financial performance of NU Care-LAZISNU East Java is based on the efficiency ratio of internal business processes in accordance with the existing priority scale, namely always paying attention to external and internal environmental conditions to minimize risk, while the efficiency ratio of resource providers in retention and acquisition of resource providers power (Muzakki) is stated to be inefficient, due to the bad turnover of muzakki from 2017-2021. Keywords: Efficiency, Financial Performance, Non-financial Performance, NU Care-LAZISNU East Java.
Productive Waqf Development Model: A Comparative Study between Indonesia and Malaysia Trisno Wardy Putra; Jumadil Saputra; Bayu Taufiq Possumah; Moch. Yofaldy Ichsan Hasyim
Tazkia Islamic Finance and Business Review Vol. 17 No. 1 (2023): TIFBR
Publisher : Faculty of Islamic Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v17i1.314

Abstract

The development of the productive waqf model has become a topic of conversation for Muslim countries, especially Indonesia and Malaysia. This is because waqf is one of the Islamic social financial instruments that can move the economic sector of society. This research will examine the productive waqf development model between Indonesia and Malaysia and to see how the opportunities and challenges are being faced. The method used is qualitative, in which researchers conducted interviews with waqf academics and practitioners in both Indonesia and Malaysia. In addition to describing the opportunities and challenges researchers use SWOT analysis. The results of the study show that Indonesia and Malaysia have strengths and weaknesses in terms of productive waqf management. Furthermore, collaboration and initiative are needed as well as experience to overcome various existing problems. Efforts to increase awareness, transparency, and partnerships can promote sustainable waqf.
Factors Influencing Community Interest in Savings at Bank XYZ Branch: Analysis Comparative Model Lestari, Sandi; Fakhri, Ulumuddin Nurul; Nuriyah, Aminah; Sunandar, Nandar
Tazkia Islamic Finance and Business Review Vol. 17 No. 2 (2023): TIFBR
Publisher : Faculty of Islamic Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v17i1.317

Abstract

The imbalance between the number of Indonesian Muslims and the interest in saving in Islamic banks makes for a very interesting problem to study. This study aims to look at the factors that influence interest in saving in sharia banks, especially the Bank XYZ Branch. This research uses descriptive and quantitative methods. The tools used are distributing questionnaires to 43 Bank XYZ Branch customers with the likerts approach; besides that, this research uses two models, namely the ANN (artificial neural network) and partial least squares (PLS-SEM) models. The sample obtained from this study was 43 customers with various professions. The result of this research is that the religious knowledge factor is the factor that most influences interest in saving, with a value of 42.02%, followed by a promotional factor of 38.36%. While the product factor is not very influential with a value of only 19.61%, it is no different from the results of PLS-SEM, namely that religious knowledge and promotion are the most influential things significantly, while bank products do not affect saving in Islamic banks. The results of this study can help Islamic banking parties, especially the Bank XYZ Branch, map prospective customers who want to be prospected.
Innovation of Cash Waqf Optimization Model through EBA Syariah Satifa, Siti Annisa; Marenza, Silvya Eka; Riyadi, Muhammad Ikhsan
Tazkia Islamic Finance and Business Review Vol. 17 No. 2 (2023): TIFBR
Publisher : Faculty of Islamic Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v17i2.320

Abstract

Restrictions on community activities have weakened the Indonesian economy. The government must find a solution to improve economic conditions. This study aims to develop a model that enhances Islamic social financial institutions and maximizes cash waqf potential in Indonesia for sustainable finance. The model will boost the national Islamic capital market and be analyzed with SWOT and Delphi methods. Data was collected via questionnaires from 19 academics and practitioners in the waqf and infrastructure sectors. Delphi test results showed all respondents believed there was a link between SWOT indicators and the feasibility of the model. This model contributes to economic recovery, Islamic capital market growth, sustainable social funding, optimized waqf potential, strengthened waqf financial institutions, and improved infrastructure management in Indonesia.
Analysis of Factors that Influence Investor Interest in Investing in Islamic Mutual Funds (Case Study: Java Island Region) Dzikri, Mohd. Iqbal; Hasanah, Neneng; Hasanah, Qoriatul
Tazkia Islamic Finance and Business Review Vol. 17 No. 2 (2023): TIFBR
Publisher : Faculty of Islamic Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v17i2.323

Abstract

Sharia mutual fund investment in Indonesia continued to experience positive developments as an investment instrument. However, the fact was that the nav of Islamic mutual funds was still unable to closed the gaped with the total nav of conventional capital markets as a whole. The purpose of this studied was to analyze the factors that influence investors' decisions in investing in Islamic mutual funds. The method used in this researched was sem-pls. Respondent criteria in this studied was sharia mutual fund investors and domiciled in a province on the island of java. The theoretical approached in this studied was the theory of planned behavior with variabels of motivation, knowledge, re-perception, technological advances, and product information. The results of this studied indicate that the variabels motivation, knowledge, perceived returned, advances in technology, and product information had a positive and significant influence on investment intentions. The results of this studied could been used by securities companies and regulators to increase the number of investors or planning policies regarding Islamic mutual funds. Keywords: Investment, Capital Market, Investor Interest, Sharia Mutual Funds.
Influential Financial Planners and Islamic Financial Planning: A Social Media-Based Content Analysis Amalia, Putri Syifa; Yunanda, Rochania Ayu; Mustafa, Mutya Qurratu’ayuni
Tazkia Islamic Finance and Business Review Vol. 18 No. 1 (2024): TIFBR
Publisher : Faculty of Islamic Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v18i1.329

Abstract

Financial planning has been increasingly significant where income levels are rising, the financial industry is becoming more complicated and financial products are becoming more complex. With higher income levels and fund excesses, people demand financial assistance services to manage their financial matters. The activities of financial planners continue to grow in line with the varying demand of customers. Conventional financial planning had developed during the 1970s, while the Islamic financial industry had just emerged. From an Islamic perspective, a financial planning framework would require Shariah-compliant products and services and a deep understanding of Islamic values and principles governing economic activities. This study aims to understand to what extent Islamic financial planning has been communicated and shared by financial planners/advisors and to understand their preferences and financial priorities in providing financial advice. This qualitative paper explores the social media of chosen financial planners and Islamic financial planners. Financial planners share their thoughts and ideas on their social media. Several influential financial planners were selected through some stages. Understanding their social media content will provide a picture of their financial planning. Discussion of Islamic financial planning is scant. The paper explores and offers a novel approach of whether financial planners and so-called Islamic financial planners have different financial planning. Using the particular framework of Islamic financial planning, Islamic financial planners are expected to have different financial planning emphasizing Islamic values and principles. 
The Influence of Emotional Marketing and Sharia Marketing on Consumer Decisions in Purchasing Waqf Policy Insurance Products (Case Study at PT Asuransi Syariah Keluarga Indonesia) Marsela, Indri; Devi, Abrista; Hakim, Nurman
Tazkia Islamic Finance and Business Review Vol. 17 No. 2 (2023): TIFBR
Publisher : Faculty of Islamic Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v17i2.334

Abstract

Abstract. The development of sharia economics and finance has experienced significant developments in recent years. This is marked by several main developments in the financial sector and sharia financial instruments, which are increasingly varied and diversifying to meet the diverse needs of the public or customers. One of the sharia financial institutions that is experiencing development is sharia insurance. The sharia insurance industry has become an integral part of modern society's lives. In the midst of the various choices of sharia insurance products, innovation in sharia insurance products combined with waqf instruments is one of the good things for the expansion of sharia financial instruments. Companies marketing waqf insurance policies face increasingly complex challenges to understand, reach, and win the hearts of consumers. The decision to purchase a waqf policy insurance product no longer only revolves around financial considerations but also includes emotional dimensions and deep religious values. This research aims to determine the influence of emotional marketing and sharia marketing on consumer decisions in purchasing policy waqf insurance products using the method used by researchers, namely associative research with a quantitative approach. This research used a sample of 40 respondents with 19 questionnaire statements. In this study, the model used uses a linear regression model involving more than one independent variable or predictor (multiple linear regression). This research shows that, partially or simultaneously, the emotional marketing and sharia marketing variables are stated to have a significant influence on consumer decisions in purchasing waqf insurance policies. This is obtained from the coefficient of determination value in the very strong category, which is between 0.80 and 1,000, with an adjusted R square result of 0.818, or around 81.8%, influencing consumer decisions and the remaining 18.2% being influenced by other variables outside of this research. Keywords: Emotional Marketing, Sharia Marketing, Consumer Decisions, Waqf Insurance Policies.
The Impact of Electronic Customer Relationship Management and Quality Moderated by Sharia Compliance on Loyalty (Study on Islamic banks in Jakarta) Rochmad, Rochmad; Yusuf, Ahmad Mukhlis; Mulyana, Rahmat
Tazkia Islamic Finance and Business Review Vol. 17 No. 2 (2023): TIFBR
Publisher : Faculty of Islamic Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v17i2.337

Abstract

In the rapidly digitizing landscape of Islamic banking, innovation is imperative for competitiveness and delivering top-tier services to customers. Electronic Customer Relationship Management (E-CRM) emerges as a key solution, streamlining interactions between banks and customers in the digital realm. This study delves into how E-CRM and Service Quality affect Customer Loyalty within Islamic banks, with a focus on Shariah Compliance as a moderating factor. The aim is to decipher how the Islamic banking sector can cultivate and enhance customer relationships in the digital age. Employing a quantitative approach, the research collects survey data from 212 Islamic bank customers through random sampling. Structural Equation Modeling (SEM), executed using IBM AMOS V.22 software, scrutinizes the collected data. Findings indicate a significant, positive contribution of E-CRM to Customer Loyalty. Interestingly, Service Quality doesn't wield a significant influence on Customer Loyalty, suggesting the presence of other influential factors in the Islamic banking arena. Notably, Shariah Compliance emerges as an important moderating element, bolstering the connection between Service Quality and Customer Loyalty, though it doesn't moderate the impact of E-CRM on Customer Loyalty.
The Determinants of Millennial Interest in Investing on Sharia Securities Crowdfunding Platforms in Indonesia Iswanti, Rini; Endri, Endri; zaerofi, afif
Tazkia Islamic Finance and Business Review Vol. 18 No. 1 (2024): TIFBR
Publisher : Faculty of Islamic Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v18i1.355

Abstract

This research aims to analyze the influence of attitude variables, subjective norms, and perceived behavioral control on interest upon investing in SCF sharia as well as the influence of the variables of Islamic financial literacy, religiosity, risk and return on attitudes towards investing among the millennial generation in SCF Syariah. The research employed a quantitative approach utilizing the Structural Equation Model Partial Least Square (SEM-PLS) with primary data gathered through purposive sampling. The technique was conducted by an online method on 152 individuals from the millennial generation. Not all TPB factors significantly influence the interest to invest in Sharia Securities Crowdfunding. Attitude and Behavior Control Perception have a positive impact on the interest to invest in Sharia SCF. Subjective Norm does not have an impact on the interest to invest in Sharia SCF. Sharia financial literacy does not significantly affect attitude. Religiosity significantly affects attitude. Risk and return significantly affect attitude.