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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 188 Documents
Maqasid Ash-Shariʻah Framework and the Development of Islamic Finance Products: The Case of Indonesia Abdul Qoyum
Tazkia Islamic Finance and Business Review Vol. 12 No. 2 (2018)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v12i2.150

Abstract

The objective of this research is to discuss the concept of Maqasid ash-Shariʻah as well as to propose new concept of Maqasid ash-Shariʻah framemork that will give many benefit in Islamic financial product development. Using a qualitative approach and using literature review, this study concludes that, the purpose of sharia can be in the form of micro and macro as well. Both of these goals must be able to be realized by Islamic finance, primarily through its  products. In order to realize these two objectives, the process of the development of Islamic financial products is not only the concern of the sharia council, but also involving microprudential and macropruedential authorities. Therefore, here, the process of establishing Islamic financial products may involve Bank Indonesia, OJK, LPS, as well as DSN. The big goal is that every product can actually generate maslahah, both at micro and macro levels.
Analisis Pengaruh Efisiensi Sumber Daya Bank Umum Syariah Terhadap Kinerja Perusahaan Rosniar Meutuah; Erika Takidah
Tazkia Islamic Finance and Business Review Vol. 5 No. 2 (2010)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v5i2.46

Abstract

Penelitian ini merupakan penelitian deskiptif kuantitatif. Data yang digunakan dalam penelitian ini adalah data skunder berupa laporan keuangan 2004-2007. Tujuan utama dari skripsi ini adalah untuk melihat pengaruh efisiensi sumber daya perusahaan (modal fisik, modal manusia dan modal struktural) terhadap kinerja perusahaan. Kinerja perusahaan tersebut adalah Profitabilitas, produktivitas dan penilaian pasar. Untuk menghitung efesiensi value added sumber daya perusahaan menggunakan metode Value Added Intellectual Coofesien (VAICTM) yang dikembangkan oleh Ante Pulic tahun 1997. Sedangkan untuk pengukuran kinerja perusahaan yaitu profitabilitas menggunakan Return on Asset (ROA), produktivitas mengunakan Asset Turover (ATO) dan penilaian pasar menggunakan indicator Market to Book ratio (MB). Untuk melihat pengaruh efesiensi sumber daya utama perusahaan dan kinerja perusahaan, maka dilakukan analisis linear multiple regression dengan menggunakan panel regretion. Dari analisis data yang dilakukan, diketahui pada penelitian ini sumber daya perusahaan berpengaruh signifikan terhadap profitabilitas dan penilaian pasar. Namun tidak berpengaruh terhadap produktifitas Bank Umum Syariah.JEL Classification : G21, J3, J41Kata kunci : Sumber Daya Perusahaan, Produktivitas, Profitailitas, Penilaian Pasar, VAIC TM.
Analisis Perbandingan Kinerja Portofolio Saham - Saham Jakarta Islamic Index Pada Pasar Bullish Dan Bearish Jose Hadita; Muhammad Rizal Taufiqurrahman
Tazkia Islamic Finance and Business Review Vol. 6 No. 1 (2011)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v6i1.51

Abstract

Perkembangan ekonomi yang berbasiskan syariah Islam di Indonesia merupakan suatu realita yang menggembirakan bagi umat muslim. PT. BEI telah mewadahi sarana investasi syariah dalam Jakarta Islamic Index (JII). Sebagaimana indeks yang lain, JII dalam perjalanannya juga mengalami fluktuasi dan dapat dikatakan mengalami kondisi bullish dan kondisi bearish. Tujuan penelitian adalah untuk mengetahui apakah dalam setiap perubahan kondisi pasar perlu disusun portofolio saham baru agar mempunyai kinerja yang optimal. Dengan menggunakan portofolio optimal berbasiskan single index model disusunlah 3 buah portofolio saham untuk 3 kondisi pasar yang berbeda, yaitu: (1) portofolio yang disusun untuk menghadapi kondisi pasar apapun, (2) portofolio yang disusun untuk menghadapi kondisi pasar bullish, dan (3) portofolio yang disusun untuk menghadapi kondisi pasar bearish. Kinerja ketiga portofolio saham diukur dalam Treynor Index. Dari uji beda rata-rata kinerja yang dilakukan pada tiga periode yang berbeda ternyata untuk menghadapi kondisi pasar yang berubah (bullish/bearish) perlu dilakukan penyesuaian portofolio agar diperoleh kinerja yang optimal. Portofolio saham yang dipersiapkan untuk menghadapi pasar bullish mempunyai kinerja yang lebih baik dibanding 2 portofolio lainnya. Kondisi paradok terjadi justru ketika portofolio yang dipersiapkan untuk menghadapi pasar bearish ternyata tidak mempunyai kinerja yang superior ketika kondisi pasar bearish. Model portofolio optimal berbasiskan single index model dapat menghasilkan portofolio optimal dengan kinerja yang baik ketika diterapkan untuk pasar bullish, namun tidak cocok untuk membuat portofolio yang digunakan untuk menghadapi pasar bearish.JEL Classification : G10, G11Kata kunci: pasar bullish, pasar bearish, portofolio optimal, kinerja portofolio,Treynor Index.
Back Matter Vol. 11 (2), 2017 nashr akbar
Tazkia Islamic Finance and Business Review Vol. 11 No. 2 (2017)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v11i2.173

Abstract

ANALISA DAMPAK KONVERGENSI IFRS KE DALAM PSAK 13, 16, DAN 30 TERHADAP AKTIVITAS PERDAGANGAN SAHAM PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA Arya Maulana; Murniati Mukhlisin
Tazkia Islamic Finance and Business Review Vol. 6 No. 2 (2011)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v6i2.56

Abstract

The application of PSAK has been revised in reference with the IAS in the convergence of IFRS perspective. The objective of the research is to elaborate influence of this application on Trading Volume Activity (TVA) companies that implement it. This research uses quantitative method that focus to a single incident within a certain period of publication an annual financial statements of 56 companies who implemented PSAK 13, 16, and 30 revised in 2007. This study indicates that the publication of financial statements has not give a significant influence on the TVA despite there is an increase in trading activity at the time after publication.JEL Classification : M 41, L51Keywords : IAS, PSAK, Financial Statement Publication, Trading Volume Activity
Front Matter Vol. 11 (2), 2017 nashr akbar
Tazkia Islamic Finance and Business Review Vol. 11 No. 2 (2017)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v11i2.169

Abstract

The Role of Training and Promotion to Increase The 3rd Party Funds Indonesian Islamic Banking Rahmat Hidayat; Agus Maolana Hidayat
Tazkia Islamic Finance and Business Review Vol. 8 No. 1 (2013)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v8i1.62

Abstract

Objective – This study aims to determine whether the role of training is much larger than the promotion in raising third-party funds in Islamic banks in Indonesia given the cost of the training is spent is greater than the cost of promotion. This study empirically examines the relationship and impact of training and promotion to raise funds for a 3rd party in Indonesia Islamic banks.Methods – This study uses secondary data Islamic commercial banks in the form of panel (time-series and cross-section) of Bank Indonesia data from 2010 until 2012. There are two independent variables training cost (X1) and promotion cost (X2) and one dependent variable is 3rd-party funds (Y). The analysis technique used path analysis to examine the role of training and the promotion of financial performance (The 3rd Party Funds).Result – Simultaneously, training and promotion gives an effect by 52%, and partially or individual training gives an insignificant negative effect, while the promotion has a significant positive impact on financial performance (financial-party funds) on Islamic banking.Conclusion – The role of promotion is higher in raising The 3rd Party Funds than training. Keywords : Cost, Training, Promotion, The 3rd Party Funds 
An Analysis of The Effect of Fashion Consciousness as A Mediating Factor on Hijab Fashion Consumption in Indonesia Mayangsari Edastami; Miyasto -; Akhmad Affandi Mahfudz
Tazkia Islamic Finance and Business Review Vol. 13 No. 1 (2019)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v13i1.200

Abstract

This research aims to analyze the influence factors in fashion consciousness on consumers in Indonesia, especially in relation to consumption of hijab-fashion. This matter is affected by the increasing of halal fashion industry in the world. Beside that, Indonesia is a country with large number of consumption in Hijab-fashion industry. So it is important to know about the contribution of aspects of fashion consciousness to the interest of these onsumen in consuming hijab-fashion. This study focus to the factors that influence fashion consciousness and consumption of hijab-fashion in Indonesia. These factors are religiosity, dressing style, source of knowledge, fashion motivation, and uniqueness also tha fashion consciousness as a intervening variable. This study use a structural equation model by analyzing the facts that have occurred. In this study, the primary data was collected using questionaire with a total of 483 respondents. In this study the first interesting finding was that religiosity has a negative effect to hijab fashion consciousness. Furthermore, there is a positive significant influence on dressing style and fashion motivation in fashion consciousness, but there is no significant influence on the source of knowledge and the uniqueness in the fashion consciousness. This study also found that fashion consciousness has a significant effect on the consumption of hijab-fashion in Indonesia. By looking at the results of this study, it is hoped that it can be useful especially for hijab-fashion manufacturers and industru in Indonesia in considering a more effective strategy in attracting the attention of Muslim consumers in Indonesia. Producers are expected to be able to provide the consumer expectations, especially for religious consumers. Because religious consumers will be more critical in decision related to the selection of fashion models and consumption of hijab-fashion. Thus, producers must provide fashionable product innovations in accordance with the criteria and regulations stipulated in the Islamic religion. So that religious consumers feel comfortable in consuming the modest of hijab-fashion.
Farmers’ Practices in Developing Agricultural Land in Malaysia: Is there an Islamic Microfinance Solution? Muhammad Hakimi; Amira Ajeerah
Tazkia Islamic Finance and Business Review Vol. 8 No. 2 (2013)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v8i2.67

Abstract

Objective – This paper attempts to highlight the farmers’ lives in Malaysia and their problems in developing idle agricultural land.Methods - This paper is using descriptive and exploratory method of study which refer to the situation of agricultural sector in Malaysia.Results - The scheme aPLS (agricultural production and loss sharing) that proposed cannot stand alone in the traditional fiqh to be implemented now. Therefore, the combinations of aPLS contract with ujrah principle are really needed. This is important to ensure the flexibility of the contract that can offer a fully comprehensive scheme of Islamic agricultural finance.Conclusion – The land together with labour can be considered as a form of capital and therefore has a similarity to the contracts of mudaraba and musharaka. Hence, it can be said that these principles are “agricultural production and loss sharing (aPLS)” because land will naturally produce an output or a product. Muzara’a and musaqa therefore can be said to be contracts which are based on sharing output rather than sharing profit.Keywords: Idle Agricultural Land, Islamic agricultural finance, Malaysia
The Contribution of Sukuk Placement and Securities to The Islamic Bank Profitability Lucky Nugroho; Ahmad Badawi; Nurul Hidayah
Tazkia Islamic Finance and Business Review Vol. 13 No. 2 (2019)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v13i2.184

Abstract

The purpose of this study was to determine the effect of the placement of Islamic bank funds on government assets, the placement of Islamic bank funds at the central bank and the influence of Islamic bank funds on non-government assets on the profitability of Islamic banks. The method is quantitative with a multiple regression statistical model and the Stata version 13 as the statistical software. Based on data processing on research variables it was found that investment in state sukuk had a negative and significant effect on return on assets. Furthermore, the variable investment in securities in Bank Indonesia instruments has a positive and significant impact, while investment in sukuk corporates has a positive effect that is not significant. Therefore Sharia Banks must be able to select investment options in placing their excess funds to maintain bank reputation and performance so that public trust increases with the functions and contributions of Islamic banks. 

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