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Contact Name
Popon Srisusilawati
Contact Email
amwaluna@unisba.ac.id
Phone
+6281323262669
Journal Mail Official
amwaluna@unisba.ac.id
Editorial Address
jl. Tamansari no 24-26 Bandung 40116
Location
Kota bandung,
Jawa barat
INDONESIA
Amwaluna Jurnal Ekonomi dan Keuangan Syariah
ISSN : 25408399     EISSN : 25408402     DOI : https://doi.org/10.29313/amwaluna
Core Subject : Economy,
Amwaluna Jurnal Ekonomi dan Keuangan Syariah is an academic journal focus on syariah economic studies with scopes are Islamic banking, Syariah Financial, economic, accounting, finance, Muamalah, Economy during the covid19 pandemic and Economic Islam.
Articles 14 Documents
Search results for , issue "Vol 7, No 1 (2023)" : 14 Documents clear
Does Foreign Interest Rate Determine Islamic Stock Prices? Machtra, Catona; Majid, Muhammad Shabri Abdul; Dawood, Taufiq Carnegie
AMWALUNA (Jurnal Ekonomi dan Keuangan Syariah) Vol 7, No 1 (2023)
Publisher : Univeristas Islam Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (232.956 KB) | DOI: 10.29313/amwaluna.v7i1.7001

Abstract

This paper aims to investigate whether foreign interest rate determines Islamic stock prices vis-à-vis domestic interest rate. The method applied is the Autoregressive Distributed Lag (ARDL) model to Indonesian data from January 2008 to June 2018. The study found a long-run negative relationship between foreign interest rate with both Islamic and conventional stock prices. Additionally, foreign interest rate is more important than domestic interest rate in determining the price of both types of stocks. Although Islamic stocks are affected by foreign interest rate dynamics, they are less responsive to changes of the Libor than conventional equities. In addition, it is found that GDP, money supply and real exchange rate has a long-run positive relation with both stock price. Thus, although Islamic equity prices are not insulated against foreign interest rates, they are less responsive to international financial markets movements than conventional stocks. For policy, authorities should pay close attention to foreign interest rate dynamics. While policy makers and fund managers in a dual capital market can use Islamic stocks to provide cushion against dynamics of international funds market.
Muslim Millennial’s Buying Behavior of Halal Food & Beverage in Indonesia: The Mediating Effect of Purchase Intention Fadillah, Hikmatul Nur; Ridlwan, Ahmad Ajib; Suryaningsih, Sri Abidah; Indrarini, Rachma
AMWALUNA (Jurnal Ekonomi dan Keuangan Syariah) Vol 7, No 1 (2023)
Publisher : Univeristas Islam Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (399.709 KB) | DOI: 10.29313/amwaluna.v7i1.11146

Abstract

This study aims to determine the factors that influence consumer behavior in buying halal food and beverages in Indonesia for the millennial generation. These factors include halal awareness, halal certification and attitudes which are important factors in influencing buying behavior directly or through buying intention as a mediating/intervening variable. Data collection was carried out through a questionnaire with a total of 206 millennial Muslims who consume the halal product in Indonesia and also part of society with births in late 1980 to early 2000 using non-probability sampling. To assist in data analysis using sem-pls with PLS-4 application. The results of the study show that there is a relationship between halal awareness, halal certification and attitudes towards consumer buying behavior which is mediated by purchase intention. In addition, for a direct relationship between halal certification and attitudes toward buying behavior, a positive and significant effect was found. Interestingly, it was found that halal awareness has no significant effect on consumer buying behavior. This study can be used also by companies and for marketing discussions to develop halal food and beverage products for Muslim consumers in Indonesia.
Inflation Through the Transmission Of Islamic And Conventional Monetary Policy In Indonesia Rohmana, Yana; Utami, Suci Aprilliani
AMWALUNA (Jurnal Ekonomi dan Keuangan Syariah) Vol 7, No 1 (2023)
Publisher : Univeristas Islam Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (477.213 KB) | DOI: 10.29313/amwaluna.v7i1.11214

Abstract

This study aims to identify the transmission of Islamic and conventional monetary policy through the interest rate channel, credit channel, and exchange rate channel to inflation in Indonesia using the Vector Error Correction Model (VECM). VECM estimates show that all variables in the short term have no effect on inflation. The results of the Impulse-Response Function (IRF) show that all variables in the model are able to stabilize the inflation rate within three to seven months, while stabilizing real sector growth takes four to eight months. The results of the Forecast Error Variance Decomposition (FEVD) show that Total Conventional Banking Credit (CRED) has the most influence on inflation, while Bank Indonesia Certificate (SBI) is the variable that has the most influence on the real sector. Sharia monetary instruments play a big role in controlling inflation, but the effect is not as big as conventional monetary instruments. So that the relevant authorities are expected to develop more sharia monetary instruments based on the real sector based on underlying assets in order to be able to strengthen their influence on inflation.
Measurement Of Visitors' Perceptions And Attitudes Towards Business Location, Product Quality, And Promotion Rusdan, Rusdan; Sulhaini, Sulhaini; Dayani, Rahman
AMWALUNA (Jurnal Ekonomi dan Keuangan Syariah) Vol 7, No 1 (2023)
Publisher : Univeristas Islam Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (245.06 KB) | DOI: 10.29313/amwaluna.v7i1.11170

Abstract

This research seeks to confirm the internal views of café managers in Sembalun Area obtained from the results of previous research which stated that the main strength of cafes in Sembalun consists of three factors, namely business location, product quality, and promotion. The purpose of this research is to determine the perception and attitude of café visitors towards these three factors and provide alternative strategies that can be used in developing a café business. This study was a quantitative study using a descriptive approach The aspects analyzed were accessibility, distance, panoramic beauty, environmental cleanliness, environmental neatness, taste of dishes, cleanliness of dishes, variety of menus, neatness of presentation, content of promotion, types of promotional media, variations of promotional media, and frequency of promotion. The results of the analysis show that visitors' perceptions and attitudes towards business location, product quality, and promotion are at a Good/Positive level but with an average value that is close to the lower limit of the good level value. Business location is a key factor in the success of café business in Sembalun Area with the highest perception and attitude values. In addition, promotion is a very crucial factor because it has the lowest perception and attitude values. Therefore, the alternative strategy offered is to develop more massive and creative promotions using social media with a wide market coverage and increasing the capacity of service personnel and café managers. This research also provides more detailed solutions to implement the suggested strategy.
Amil Zakat Operational Fund In Indonesia Ridwan, Achmad; Athoillah, Mohamad Anton; Jubaedah, Dedah; Maricar, Hudzaifah Muhammad
AMWALUNA (Jurnal Ekonomi dan Keuangan Syariah) Vol 7, No 1 (2023)
Publisher : Univeristas Islam Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29313/amwaluna.v7i1.10915

Abstract

This article aims to identify the use of amil rights funds obtained from the results of collecting zakat for one year to interpret QS. at-Taubah (9): 60 and related hadiths, further linked to KMA No. 606 of 2020 and MUI Fatwa No. 8 of 2011. Researchers used qualitative research methods with a normative juridical approach. Researchers used observation and literature study techniques on several interpretation books and hadiths at the data collection stage. They were then analyzed using interactive analysis models in data reduction, data presentation, and inference and verification. This research concluded that the maximum of amil zakat's rights is one-eighth of the set fund for one year, like the opinions of Mujahid and Syafi'i, then adopted into KMA No. 606 of 2020. As for the MUI Fatwa number 8 of 2011, according to the researcher, it is an ijtihad effort to overcome casualty in several locations managing amil zakat funds
Waqf Crowdfunding Model in Post-Pandemic Economic Improvement According to Islamic Sharia and National Law Sulistiani, Siska Lis; Fawzi, Ramdan; Nurrachmi, Intan
AMWALUNA (Jurnal Ekonomi dan Keuangan Syariah) Vol 7, No 1 (2023)
Publisher : Univeristas Islam Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29313/amwaluna.v7i1.10130

Abstract

Technological developments make waqf able to be developed in terms of socialization, fundraising, and management in an effort to improve the economy after the COVID-19 pandemic. This study aims to identify and analyze the waqf crowdfunding model for post-pandemic economic improvement according to Islamic law and national law. This research is qualitative with a normative juridical approach, using types and sources of legal data including primary legal sources, Law No. 41 of 2004 concerning Waqf, PP No. 42 of 2006, and other regulations. In terms of Islamic sharia, namely the Al-Quran, Al-hadith, fatwas, and the opinions of related scholars, Secondary legal sources are journals, proceedings, theses, dissertations, and books, while tertiary legal sources are interviews with crowdfunding managers and nadzhir waqf. Then the data is collected through library research and then analyzed to see the synchronization stage and conformity with legal norms and principles through descriptive analysis.
Consumer Perceptions Of Service Quality And Prices Of MSMEs Delivery Services Athar, Handry Sudiartha; Faerrosa, Lady; Sutanto, Himawan
AMWALUNA (Jurnal Ekonomi dan Keuangan Syariah) Vol 7, No 1 (2023)
Publisher : Univeristas Islam Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29313/amwaluna.v7i1.11171

Abstract

Consumer perception is very important for business. This study aims to explore consumer perceptions of service quality and prices for MSMEs delivery services. Ten informants in this study are consumers who have used the services. The data analysis carried out is by reducing the results of interviews that are considered relevant, displaying data in the form of data groups that show the dimensions of perception, and drawing conclusions after careful analysis. The results show that consumer perceptions of the quality of MSMEs delivery services are mostly positive. However, in terms of responsiveness, the response time is currently still considered too slow so that it often causes consumer dissatisfaction. This is certainly seen as a weakness for MSMEs and needs to be solved in order to stay in business. This study also found that the use of uniforms by MSME delivery services is also important for consumers. Thus, this can begin to be made a priority by MSMEs to build a positive consumer perception of MSMEs. Meanwhile, the perception of consumers towards the price set by MSMEs is in accordance with consumer purchasing power and the quality of services. Therefore, it is concluded that it is in accordance with the Islamic economy. The results can be used as a reference by MSMEs and large-scale businesses, not only at the location of this study, but also in other regions in evaluating business strategies and developing innovative delivery services that suit consumer needs.
Implementation Of Flexible Work Arrangements To Performance in The Islamic Perspective For Accounts Representative Fahlepi, Rozi; Baga, Lukman Mohammad; Affandi, M Joko
AMWALUNA (Jurnal Ekonomi dan Keuangan Syariah) Vol 7, No 1 (2023)
Publisher : Univeristas Islam Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29313/amwaluna.v7i1.10586

Abstract

The COVID-19 pandemic has limited many economic activities and has had a tremendous impact on the economic performance of countries in the world. The purpose of this study was to analyze the effect of WFH on the work environment, work motivation, job satisfaction, and employee performance as well as the relationship between work environment and work motivation on job satisfaction and employee performance. This research was conducted on 145 respondents on Account Representative (AR) in the Tax Service Office (KPP) in the Regional Office of DJP West Java III. The research time is planned to be carried out in December 2021–January 2022. This research uses descriptive research method and data processing is done by SEM PLS. The results showed that WFH had a positive effect on performance either directly or through mediation of the work environment, work motivation and job satisfaction. WFH has a positive effect on the work environment, work motivation, job satisfaction and employee performance. The conclusion of this study is that the construct of employee performance can be explained by the variables of job satisfaction, performance, work environment and work motivation
BPRS Performance Evaluation Using Importance-Performance Analysis (IPA) Hidayat, Yayat Rahmat; Ibrahim, Mohammad Andri; Srisusilawati, Popon; Eprianti, Nanik; Wijayanti, Intan manggala
AMWALUNA (Jurnal Ekonomi dan Keuangan Syariah) Vol 7, No 1 (2023)
Publisher : Univeristas Islam Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29313/amwaluna.v7i1.11232

Abstract

BPRS (Bank Pembiayaan Rakyat Syariah) is a bank that conducts its business activities based on Sharia procedures. However, its assets and financing are still relatively small compared to commercial banks. One of the reasons for this is that BPRS is limited in providing services for payment transactions. Therefore, it is important to evaluate the performance and customer satisfaction levels of BPRS. This study aims to measure the efficiency of BPRS performance using the Importance Performance Analysis (IPA) method. The research was conducted at PT. BPRS Bhakti Sumekar, a BPRS owned by the Regency Government of Sumenep. The results of this measurement can be used to evaluate the performance of BPRS Bhakti Sumekar in facing challenges and opportunities as well as for policy making considering its huge impact on the community. The results showed an average Conformity Level (TKi) of 99.57%, indicating that the performance of each attribute has met customer expectations but still requires improvement. The Customer Satisfaction Index (CSI) value resulting from this study was 75.45%, indicating that customer satisfaction with BPRS Bhakti Sumekar as a whole can be considered as satisfied. This customer satisfaction is based on the CSI interpretation table, which shows that the value obtained in this study falls in the range of 66% - 80.99%. This suggests that the performance of BPRS Bhakti Sumekar has almost reached customer expectations, leading to a high level of customer satisfaction.
Halal Tourism Village Potential Through Asset Based Community Development Rachmiatie, Atie; Setiawan, Ferry; Yuningsih, Ani; Suja’i, Imam Sukwatus
AMWALUNA (Jurnal Ekonomi dan Keuangan Syariah) Vol 7, No 1 (2023)
Publisher : Univeristas Islam Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29313/amwaluna.v7i1.11068

Abstract

Village tourism" and "halal tourism" are two concepts that are currently become the priority of government programs and the center of global attention. Combining these two concepts is not easy. With the Asset Based Community Development (ABCD) approach, this study aims to map the potential of Dayeuh Kolot Village, Subang Regency as an asset in implementing and developing halal tourism. This research uses descriptive qualitative methods, with interview and FGD data collection techniques. The focuses of this research are: first, to map the recognition and knowledge of the concept of halal tourism from the stakeholders.  Second, to identify tourist destinations as resources owned village. The results showed that the village’s potencies for supporting tourism had been identified, utilized, and initiated by authority of village leaders. The Village also has a fairly high potential of natural resource, but it has not meet the requirements of halal tourism industry standards. The village leaders, tourism actors and community groups are familiar and understand the concept of Halal Tourism Village, but were not ready to implement it. Socialization, collaboration, and appropriate regulations are still needed for Pentahelix stakeholders in rural areas for the development of halal tourism villages. As an implication of this research, it is necessary to strengthen the religious aspect, i.e., increased the understanding of Islamic law of the "halalness" of tourism products and services that are tangible, as well as intangible aspects of tourism such as cleanliness, honesty, tolerance and physical and psychological health.

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