cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
ali sakti
Contact Email
journal.jimf@gmail.com
Phone
-
Journal Mail Official
journal.jimf@gmail.com
Editorial Address
-
Location
Kota adm. jakarta pusat,
Dki jakarta
INDONESIA
Journal of Islamic Monetary Economics and Finance
Published by Bank Indonesia
ISSN : 24606146     EISSN : 24606618     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
JIMF is an international peer-reviewed and scientific journal which is published quarterly by Bank Indonesia Institute. JIMF is a type of scientific journal (e-journal) in Islamic economics, monetary, and finance. By involving a large research communiy in an innovative public peer-review process, JIMF aims to provide fast access to high quality papers and continual platform for sharing studies of academicians, researchers, and practitioners; disseminate knowledge and research in various fields of Islamic economics, Monetary and Finance; encourage and foster research in the area of Islamic Economics, Monetary, and Finance; and bridge the gap between theory and practice in the area Islamic Economics, Monetary and Finance.
Arjuna Subject : -
Articles 476 Documents
 35   36   37   38   39 
DESIGNING INTEGRATED ZAKAT-WAQF MODELS FOR DISASTER MANAGEMENT Sulistyowati, Sulistyowati
Journal of Islamic Monetary Economics and Finance Vol. 4 No. 2 (2018)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jimf.v4i2.1011

Abstract

This study aims to analyze four previous conceptual models related to zakat and waqf by Indrawan et al. (2018), Ascarya et al. (2018), Tanjung (2018), Hassan (2010) and also designing various Integrated Zakat and Waqf Models for disaster management and evaluate them as best model which is most suitable in community, local, and national scopes. In-depth interviews and literature study from relevant sources are conducted to develop the models. The proposed models called Integrated Zakat and Waqf Model for Disaster Management (IZWDM) that involves of social and commercial aspects provides of three alternative models according to three steps of disaster management namely IZWDM-A for Relief step; IZWDM-B for Recovery step; and IZWDM-C for Reconstruction step. This study is expected to enhance all parties to do more synergy in managing disasters that happened in Indonesia.
REGIONAL AND ACCESSIBILITY ANALYSIS OF THE BANKING SYSTEM AND THEIR IMPACTS TOWARD REGIONAL FINANCIAL INCLUSION IN INDONESIA Asyatun, Irma
Journal of Islamic Monetary Economics and Finance Vol. 4 No. 2 (2018)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jimf.v4i2.1015

Abstract

Financial inclusion has been widely discussed in the global level. The increased engagement in discussion of financial inclusion is inseparable from the implementation of policy priorities which are seemingly leaning towards improving financial inclusion to tackle poverty and growing inequality in a country. This article seeks to identify whether regional variables (income level, educational level, income inequality, population size and banking accessibility) are significant on influencing financial inclusion in Indonesia. This study proxied financial inclusion level by measuring the financial inclusion index using the method developed by Sarma in 2012. The research is conducted for 3 years, between 2012-2015. Employing the panel data estimation method, the results indicate that income level, educational level, and banking accessibility possess significant impact on financial inclusion in regional Indonesia.
ALTERNATIVE OF MONETARY POLICY INDICATOR: PANEL DATA ANALYSIS FROM ISLAMIC BANKS IN MALAYSIA Ahmad, Zuriyati; Ismail, Abdul Ghafar
Journal of Islamic Monetary Economics and Finance Vol. 4 No. 2 (2018)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jimf.v4i2.1017

Abstract

The monetary policy indicators such as monetary aggregates, interest rates and Monetary Condition Index (MCI) are the traditional monetary policy indicators used in order to obtain early indication of the impact of monetary policy. These indicators could function as appropriate monetary policy indicators that will provide information to the monetary policy makers. The development in Islamic financial system however creates a challenge to find a monetary policy indicator, which is in conformity with Islamic teaching. Therefore, this paper is aimed to examine the future growth of nominal GDP as an alternative variable for monetary policy indicator in Islamic monetary system. The investigation will benefit from data of 17 Islamic banks in Malaysia which implement full fledge or Islamic windows scheme spanning from 2005 to 2010. GMM system method is used to analyze the data in hope to validate the appropriateness of the alternative monetary policy indicator. The result suggests that the future growth of nominal GDP is significant as monetary policy indicator and could be applied by the central bank in implementing the monetary policy especially in the dual banking system.
IMPLEMENTATION AND IMPACT OF A HALAL FOOD STANDARD: AN EMPIRICAL STUDY OF MALAYSIA Sari, Dian Permata; Jaswir, Irwandi; Haji Che Daud, Mohd. Radzi bin
Journal of Islamic Monetary Economics and Finance Vol. 7 No. 3 (2021)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jimf.v7i3.1302

Abstract

As a Malaysian halal food standard, MS1500 was established to strengthen the Malaysian role in the global halal market. This study aims to identify the factors affecting the implementation of MS1500, its positive impact, and the relationship between its implementation and impact. The food and beverages industry in Malaysia, which already has a halal certificate and halal logo, was chosen as the study population. The covariance-based structural equation modelling (CB-SEM) method was employed, with 212 sample companies. The results show that Perception-On-Implementation, Halal-Control-System-Activity and Owner-Management-Employee-Limitation were the factors affecting the implementation of MS1500. Four positive impacts of its implementation were also found: Trade & Free Movement, Innovation, Clean & Save Production-Process and Consumer & Corporate Image. In addition, it was discovered that the better the implementation of MS 1500, the greater the positive impact that could be achieved by the industry. It was also found that in Malaysia, finance and regulations were not the factors causing limitations in the implementation of the halal food standard. The findings of the study can be used as an input for Malaysian government in planning suitable programmes to promote the implementation of the standard. Moreover, the extent of the positive impacts of the implementation on the industry is expected to encourage all food sectors in Malaysia to apply and fully implement MS1500 in their daily operations.
40-YEAR BIBLIOMETRIC ANALYSIS OF WAQF: ITS CURRENT STATUS AND DEVELOPMENT, AND PATHS FOR FUTURE RESEARCH Aldeen, Khaled Nour
Journal of Islamic Monetary Economics and Finance Vol. 7 No. 1 (2021)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jimf.v7i1.1308

Abstract

Waqf (Islamic endowment) has received great attention from contemporary scholars, in line with the increasing attention being paid to social welfare. However, it is conceptually unclear, with no consensus having been reached among researchers on its current status. This study provides a brief overview of recent Waqf research developments, hence paving the way for future research. The research employs a bibliometric approach to analysing and summarising the trends and status quo in Waqf growth. Only articles written in English extracted from both the Web of Science and Scopus databases were considered for the study. The paper is an attempt to establish a solid conceptual base and to suggest directions for future research. The research provides a clear picture of the growth of Waqf, and indicates research gaps by reaching comprehensive conclusions about what has been achieved in the field. It hence opens new doors for scholars to develop innovative Waqf models to bridge socioeconomic issues. Our findings show that Indonesian and Malaysian scholars and their educational institutions have had a robust research commitment to the theme of Waqf during the last forty years. However, there is a lack of research on the countries where Waqf was first practised.
DESIGNING SALAM-MUZARA’AH LINKED WAQF TO FINANCING AGRICULTURAL SECTOR Majid, Rifaldi
Journal of Islamic Monetary Economics and Finance Vol. 7 No. 3 (2021)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jimf.v7i3.1309

Abstract

The main objective of this study is to propose an innovative integrated financing model at the microfinance level for the agricultural sector and how to mitigate the risk associated with the model. In the study, we perform in-depth interviews of experts and gather secondary data from relevant sources. The proposed model is called Salam-Muzara’ah Linked Waqf (SMW) as a sharia-compliant scheme that integrates Islamic commercial finance through the salam and muzara’ah contract with Islamic social finance through the utilization of cash waqf return as well as using the idle waqf land as agricultural lands to be implemented by Baitul Maal wat Tamwil (BMT). In the model, the risk of commodities delivered by farmers to BMT is subsidized or borrowed by Nazhir of waqf land while the surplus of cash waqf is distributed to cover Murabaha margin of necessary agricultural equipment purchased from BMT. This research is expected to solve the problem of limited land and financing as well as to create innovation and inclusiveness of Islamic financial products through the synergy of all parties in the agricultural sector.
ADVANCEMENT AND SETBACK IN ISLAMIC BANKING PRODUCTIVITY IN ASEAN: DO TECHNOLOGICAL CHANGES MATTER? Rusydiana, Aam Slamet; Assalafiyah, Aisyah
Journal of Islamic Monetary Economics and Finance Vol. 7 No. 3 (2021)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jimf.v7i3.1322

Abstract

This study applies Data Envelopment Analysis (DEA) to measure the efficiency level of 24 Islamic banks in four ASEAN countries (Indonesia, Malaysia, Brunei Darussalam and Thailand) over the 2010-2019 period. Specifically, this study uses the Banker, Charnes and Cooper (BCC) model as a basic approach in DEA with variable return to scale assumption. The Malmquist index was also employed to explain whether the changes in Islamic banks’ efficiency and productivity is affected by the efficiency changes or technological changes. According to the Malmquist index scores on total factor productivity (TFP) change, 17 of the 24 Islamic banks (or 70.8 percent) achieved an improvement in productivity over the research period, with Thailand recording the highest productivity level increase. Overall, the most productive Islamic bank was Affin Islamic Bank Berhad. Finally, it was observed that there was a productivity growth in the last two years of the period, namely 2017-2018 and 2018-2019. The productivity change was driven more by efficiency than by technology, implying that Islamic banks in ASEAN countries must improve the technological aspect.
DOES ISLAMIC BANKING PROMOTE FINANCIAL STABILITY? EVIDENCE FROM AN AGENT-BASED MODEL Tekdogan, Omer Faruk; Atasoy, Burak Sencer
Journal of Islamic Monetary Economics and Finance Vol. 7 No. 2 (2021)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jimf.v7i2.1323

Abstract

Islamic banking has come to the forefront as being one of the fastest growing branch of the global financial industry in recent years. In this study we evaluate whether coexistence of Islamic and conventional banks promote financial stability. In this respect, we evaluate two types of financial systems: (1) A system solely comprised of conventional banks, (2) a dual system in which conventional and Islamic banks coexist and interact with each other. Accordingly, we design two agent-based models representing aforementioned systems and examine possible contagious effects and causes of bank failures by employing the volatility spillover methodology. We find that Islamic banks greatly promote stability by providing liquidity during financial shocks and create more liquidity per asset compared to conventional banks. We also find that they tend to hold more cash than conventional banks, which cushion the effects of a possible liquidity squeeze. Conventional banks, on the other hand, tend to have reserve deficits, which intensify during shock periods. We conclude that coexistence of both bank types creates a win-win situation and contributes to financial stability.
ISLAMIC REGULATIONS AND ISLAMIC BANK MARGINS: AN EMPIRICAL INVESTIGATION INTO ASEAN COUNTRIES Taib Khan, Fatin Nur Hidayah; Malim, Nurhafiza Abdul Kader; Masron, Tajul Ariffin
Journal of Islamic Monetary Economics and Finance Vol. 7 No. 1 (2021)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jimf.v7i1.1327

Abstract

This paper examines the impact of Islamic regulations on Islamic bank margins in ASEAN countries, utilising the fixed-effect method. The sample consists of 27 Islamic banks in Malaysia, Indonesia, Singapore and Thailand covering the period 2009 to 2017. The results suggest that Islamic regulations, such as the Islamic regulatory framework and Shari’ah supervisory board, are negatively associated with Islamic bank margins. These results have important policy implications for regulators, indicating that they should impose a separate regulatory framework for Islamic banks and bank managers to increase the number of Shari’ah scholars on the Shari’ah board in lowering Islamic bank margins. Overall, the findings suggest that Islamic banks should adopt regulations that should follow Shari’ah requirements, as they help to lower the cost of financial intermediation. As for the other control variables, only the Lerner index has a positive and significant impact on ASEAN Islamic bank's margin. Therefore, appropriate policies are necessary to foster competition in Islamic banks.
UNDERSTANDING THE FACTORS INFLUENCING BANKING CUSTOMERS’ FINANCIAL ASSET OWNERSHIP Yumna, Aimatul; Marta, Joan
Journal of Islamic Monetary Economics and Finance Vol. 7 No. 1 (2021)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jimf.v7i1.1330

Abstract

The objective of this study is to evaluate the factors which influence banking customers' financial asset ownership. Using the pyramid of Maslahah framework, the study classifies the needs of banking customers into four levels: those for basic financial services (hajjiyat); for financial assets for security or as a precaution (darruriyat); for financial assets for investment (tahsiniyah); and those for financial assets for religious purposes. To answer the research questions, a binomial logistic model was applied and the primary data were collected using a questionnaire survey with 300 respondents in Indonesia. It was found that the pattern of ownership of financial assets follows the order proposed in the theory of the pyramid of Maslahah. The study also found that financial asset ownership for transaction needs was mainly influenced by the variables of income and credit and that ownership of such assets for security or precautionary needs was largely determined by life cycle variables. In addition, ownership for investment needs was strongly influenced by the level of education,  and for religious needs it was mainly determined by income levels and life cycle variables. The study findings provide important information for mapping the financial needs of Islamic banking customers. ACKNOWLEDGMENT This research was funded by the Department of Sharia Banking of the Indonesian Financial Services Authority under the Research Fellowship Program 2016.      

Page 37 of 48 | Total Record : 476

 35   36   37   38   39 

Filter by Year

2015 2026


Reset
Filter By Issues
All Issue Vol. 12 No. 1 (2026) Vol. 11 No. 4 (2025) Vol. 11 No. 3 (2025) Vol. 11 No. 2 (2025) Vol. 11 No. 1 (2025) Vol 11 No 1 (2025) Vol. 10 No. 4 (2024) Vol 10 No 4 (2024) Vol. 10 No. 3 (2024) Vol 10 No 3 (2024) Vol 10 No 2 (2024) Vol. 10 No. 2 (2024) Vol. 10 No. 1 (2024) Vol 10 No 1 (2024) Vol. 9 No. 4 (2023) Vol 9 No 4 (2023) Vol. 9 No. 3 (2023) Vol 9 No 3 (2023) Vol 9 No 2 (2023) Vol. 9 No. 2 (2023) Vol. 9 No. 1 (2023) Vol 9 No 1 (2023) Vol 8 No 4 (2022) Vol. 8 No. 4 (2022) Vol 8 No 3 (2022) Vol. 8 No. 3 (2022) Vol 8 No 2 (2022) Vol. 8 No. 2 (2022) Vol 8 No 1 (2022) Vol. 8 No. 1 (2022) Vol 8 (2022): Special Issue: Islamic Social Finance Vol. 8 (2022): Special Issue: Islamic Social Finance Vol 7 (2021): Special issue 1: Islamic Economy and Finance in times of Covid-19 Pandemic Vol. 7 (2021): Special issue 1: Islamic Economy and Finance in times of Covid-19 Pandemic Vol. 7 No. 4 (2021) Vol 7 No 4 (2021) Vol 7 No 3 (2021) Vol. 7 No. 3 (2021) Vol. 7 No. 2 (2021) Vol 7 No 2 (2021) Vol. 7 No. 1 (2021) Vol 7 No 1 (2021) Vol 6 No 4 (2020) Vol 6 No 3 (2020) Vol 6 No 2 (2020) Vol 6 No 1 (2020) Vol 5 No 4 (2019) Vol 5 No 3 (2019) Vol. 5 No. 2 (2019) Vol 5 No 2 (2019) Vol 5 No 1 (2019) Vol. 4 No. 2 (2018) Vol 4 No 2 (2018) Vol. 4 No. 1 (2018) Vol 4 No 1 (2018) Vol 3 No 2 (2018) Vol. 3 No. 2 (2018) Vol 3 (2018): SPECIAL ISSUE Vol. 3 (2018): SPECIAL ISSUE Vol 3 No 1 (2017) Vol. 3 No. 1 (2017) Vol. 2 No. 2 (2017) Vol 2 No 2 (2017) Vol. 2 No. 1 (2016) Vol 2 No 1 (2016) Vol 1 No 2 (2016) Vol. 1 No. 2 (2016) Vol. 1 No. 1 (2015) Vol 1 No 1 (2015) More Issue