cover
Contact Name
Fitranty Adirestuty
Contact Email
rief@upi.edu
Phone
+6285220087184
Journal Mail Official
rief@upi.edu
Editorial Address
Gedung Fakultas Pendidikan Ekonomi dan Bisnis (FPEB) Universitas Pendidikan Indonesia Gedung Garnadi Jl. Dr. Setiabudhi 229. Bandung 40154 Jawa Barat
Location
Kota bandung,
Jawa barat
INDONESIA
Review of Islamic Economics and Finance
ISSN : 26567083     EISSN : 26571498     DOI : 10.17509/rief
Core Subject : Economy,
The aims of this Journal is to promote a principled approach to research on Islamic macroeconomics, Islamic microeconomics, Islamic development economics, Islamic monetary economics, Islamic public economics, Islamic political economics, Islamic leisure toursm, and Islamic financial technology. Review of Islamic Economics and Finance (RIEF) specializes in Islamic Economics and is intended to communicate original research and current issues on the subject. This journal warmly welcomes contributions from scholars of related disciplines. Specifically, the journal will deal with topics, including but not limited to: Islamic macroeconomics, Islamic microeconomics, Islamic development economics, Islamic monetary economics, Islamic public economics, Islamic political economics, Islamic Leisure Toursm, and Islamic Financial Technology eetcology related concerns by encouraging inquiry into the relationship between theoretical and practical studies.
Articles 87 Documents
The Role of Religiusity in Improving the Intention of Buying Sharia Micro Insurance Products Firmandhani Hamdan
Review of Islamic Economics and Finance (RIEF) Vol 1, No 2 (2018): Review of Islamic Economics and Finance (RIEF) December 2018
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (175.21 KB) | DOI: 10.17509/rief.v1i1.13640

Abstract

This study describes the factors which affecting micro society’s intention on purchasing sharia microinsurance. Taking a sample at the Koperasi Baytul Ikhtiar Bogor, where the entire financing for its participants is already protected by sharia credit insurance. This research uses a descriptive quantitative approach based on study literature, observation, and questionnaire using Partial Least Square (PLS) yang, which is the alternative method of Structural Equation Modeling (SEM). The variable consists of intention as the dependent variable and Religiosity with Islamic belief and practice dimension as the independent variable. These Islamic practices have more effect on the micro society’s intention to purchase sharia micro insurance than Islamic Belief.Keywords: micro insurance, sharia micro insurance, religiosity, TPB, SEM PLS
The Effect of Spiritual Motivation and Compensation on The Employee Performance of The Bank of Center Sharia Jabar Banten Laili Rahmawati
Review of Islamic Economics and Finance (RIEF) Vol 1, No 1 (2018): Review of Islamic Economics and Finance (RIEF) June 2018
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/rief.v1i1.23742

Abstract

Abstract.     Nowadays, the sharia banking industries in Indonesia have increased dramatically because many conventional banking companies have redeveloped to be sharia banking. According to many, the industries of sharia banking require the systems that can spur them to be a large banking company not only in Indonesia but also in the world. Meanwhile, the sources that they have both human and natural resources, respectively, need to compete in this era. Moreover, enhancing the capacity of employees is indispensable work to create great employees, which is essential for the sharia banking companies. This study aims to describe the impact of spiritual motivation and compensation on employee performance. The methodology used in this research is a survey method with explanatory likewise the spiritual motivation and the compensation are independent variables while employee performance is the dependent variable. In addition, the location of the survey is in the Bank of Center Sharia Jabar Banten. The result of the study has delivered that both the spiritual motivation and the compensation have a significant positive impact to incline the employee performance of the Bank of Center Sharia Jabar Banten. Keywords.    Sharia Banking, Spiritual Motivation, Compensation, and Employee Performance.
Sharia Corporate Governance and Reputation Effects on Customer Trust in Islamic Bank (Survey on BJB Syariah KCP Cimahi) Evita Nurul Rusady; Girang Razati; Suci Aprilliani Utami
Review of Islamic Economics and Finance (RIEF) Vol 2, No 2 (2019): Review of Islamic Economics and Finance (RIEF) December 2019
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (315.377 KB) | DOI: 10.17509/rief.v2i1.21829

Abstract

The city of Cimahi is ranked the lowest in wealth and deposits compared to eight cities in West Java Province, which confirms that the level of public trust in Islamic banks is still low. Another factor that causes low customer confidence is that the Sharia Corporate Governance has not been maximized, as evidenced by IRTI's research results showing that GCG implementation has not been implemented well in Islamic banks in various countries and failure to apply sharia principles to 85%. Sharia Corporate Governance (SCG) combines two theories, namely Good Corporate Governance (GCG) and the theory of Sharia Compliance. The implementation of SCG in Islamic banks is based on six principles: transparency, accountability, accountability, professionalism and fairness, and implementation of compliance shariah. Sharia Corporate Governance (SCG) can also be referred to as a system, regulation, and process used to realize a compliance culture in managing Islamic banking risk as well as monitoring, regulating, and encouraging its performance efficiently to generate sustainable added value for stakeholders in the long term following sharia principles. This study aims to determine the effect of the application of SCG and reputation on customer trust in Islamic banks. The population in this study is the customer of BJB Syariah KCP Cimahi. The sampling technique in this study was simple random sampling with a sample of 210 respondents. The method used in this research is the explanatory method. The data analysis technique used is the multiple linear regression method. The results of the research designation that the implementation of Sharia Corporate Governance and reputation simultaneously affect customer trust, which will increase the market share of Islamic banks.
Service Quality and Donor Trust and Its Impact on Donor Loyalty (Survey at LAZ Synergy Foundation) Eko Ruslamsyah; Agus Rahayu; Rida Rosida
Review of Islamic Economics and Finance (RIEF) Vol 2, No 1 (2019): Review of Islamic Economics and Finance (RIEF) June 2019
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (254.424 KB) | DOI: 10.17509/rief.v2i1.17673

Abstract

Islamic Economics regulates development through instruments of Islamic development funds including zakat, infaq, and alms. But the collection of ZIS funds is still low compared to its potential. This research is designed to analyze the influence of service quality, donor’s trust in donor’s loyalty. The population of this study was donors at the Sinergi Foundation institution. The sampling technique used was purposive sampling quota sampling with a total sample of 100 people. In addition, it also uses path analysis to determine the relationship of influence between these variables. This study indicates that, First, service quality has a positive and significant effect on donor’s trust. Second, service quality does not have a positive and significant effect on donor’s loyalty. Third, donor trust has a positive and significant effect on donor loyalty. Fourth, service quality affects the loyalty of donors through trust in donors as an intervening variable.
Effect of BI Rate and Profit Sharing Rate onFinancing Income Mudharabah at PT. Bank Muamalat Indonesia 2011-2015 Period Deni Iskandar; Fitranty Adirestuty
Review of Islamic Economics and Finance (RIEF) Vol 1, No 2 (2018): Review of Islamic Economics and Finance (RIEF) December 2018
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (446.494 KB) | DOI: 10.17509/rief.v1i1.13856

Abstract

This study The purpose of this study is to find out how the BI Rate affects the mudharabah financing income, how the profit-sharing rate affects mudharabah financing income, and how to BI Rate and profit-sharing rate affect mudharabah financing income. This type of research is quantitative research, the method used in this study is associative research (relationship) supported by a document analysis approach, the place which is the object of research is PT Bank Muamalat Indonesia, the sample used is the monthly financial statement off PT Bank Muamalat Indonesia in 2011 period 2015 by using the purposive sampling method. The variables in this study are two variables: the independent variable (free) and the dependent variable (bound). There are two independent variables, namely BI Rate (X1) and Profit Sharing (X2) while independent while the dependent variable is Mudharabah Financing Income (Y). The type of data used secondary data obtained from the financial report published by BI, OJK, and through the official website of PT Bank Muamalat Indonesia. Data analysis shows that partially the BI Rate and Profit-Sharing Rate (TBH) have a positive and significant effect on Mudharabah Financing Income, as evidenced by the value of BI Rate variable 0,0024 0.05 and the prob value of the Rate of Sharing 0,0000 0,05. Taken together, the BI Rate and Profit Sharing variables have a significant influence on Mudharabah Financing Income, and this is evidenced by the value of prob F statistic 0,000, which is smaller than 0,05. The variable BI Rate and Profit Sharing Level has a contribution to explain Mudharabah Financing Income of 83,3% while the remaining 16,7% (100%-83,3%) is explained by other variables not examined or not included in this research model
Efficiency Institution Baitul Maal Tamwill in The Westdistrict Bandung Annisa Nur Hakim; A Jajang W Mahri; Aas Nurasyiah
Review of Islamic Economics and Finance (RIEF) Vol 1, No 1 (2018): Review of Islamic Economics and Finance (RIEF) June 2018
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (192.56 KB) | DOI: 10.17509/rief.v1i1.23743

Abstract

Abstract.     Baitul Maal Wat Tamwil has experienced development in recent years. However, based on BMT performance data in West Bandung regency is less optimal. It is known that there are one efficient BMTs in West Bandung Regency and three BMTs that are inefficient. The cause of BMT's less optimal performance is inefficiency in operational activities. This study aims to determine the level of efficiency of BMT in the West Bandung 2011-2017 period and find out the causes of inefficiency. This study uses secondary data from four BMTs in West Bandung District, which are sampled. The research method used is the descriptive method with Data Envelopment Analysis (DEA) analysis technique to measure the level of efficiency of a company. Input variables used are operating expenses, total assets, and TPF. Furthermore, the output variables used are SHU, income, and financing. Based on the results of research conducted, the conditions of the BMT in the West Bandung Regency have not been perfectly efficient. Three BMTs have experienced inefficiencies, including BMT Dana Ukhuwah, BMT Mustama, and BMT Rabbani. Keywords.          Efficiency, Baitul Maal Wat Tamwil, Data Envelopment Analysis
Influence Of Employee's Spiritual Motivation On Employee Performance (Empirical Study In Santri Works Of Taarid Tauhid Bandung Foundation) Iman Aryadi; Laili Rahmawati
Review of Islamic Economics and Finance (RIEF) Vol 2, No 2 (2019): Review of Islamic Economics and Finance (RIEF) December 2019
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (148.762 KB) | DOI: 10.17509/rief.v2i1.22157

Abstract

The development of foundations and businesses led by Abdullah Gymnastiar. The question arises as to why this business that is labeled with the heart of management is such a way of developing (not only becoming one of the business centers; it also becomes a "moral workshop"), whether it is due to its leadership, work system, conducive environment, or motivation of its employees. This study aims to determine the effect of spiritual motivation on the performance of employees of the Daarut Tauhiid Foundation in Bandung. The hypothesis proposed in this study is the creed motivation, worship motivation, and muamalah motivation partially and together significantly affect performance. The subjects (samples) in this study were 33 people. The sampling method is purposive sampling. Data obtained through primary data by distributing questionnaires also added to interviews and observations. Secondary data were obtained through records and profiles of Daarut Tauhiid foundation and information from various other sources. Data analysis was performed by multiple regression analysis. As a result, partially or together, it turns out that spiritual motivation does not affect performance. This can be seen from the t-count value of each variable (creed = 0.857, worship = 0.288 and muamalah = 0.971) compared to t-table (2.0395) or t-count 2 and the F-count of 1.935 is smaller than 4. Or the significance level is greater than 0.05, which is 0.14. The lack of spiritual motivation on performance is reasonable because spiritual motivation has become the culture and character of the DT foundation's students. Another thing that should be suspected and needs serious attention is the work environment and leadership of the Foundation, which needs to be changed to be more conducive and decentralized. Students of DT have fulfilled the highest spiritual need in Maslow's hierarchy. But the need for a sense of security (work contract), physiological (primary needs), social needs (AA Gym leadership) is less fulfilled. This is very humane and human because while what distinguishes it from organizations or conventional companies is the intention and approach.
Islamic Business Ethics: Case Study of Puspa Sharia Micro Business Actors in Bank Indonesia West Java Region in Bandung 2017 Juliana Juliana; M. Adib Sulthan; Muhammad Fathir
Review of Islamic Economics and Finance (RIEF) Vol 2, No 1 (2019): Review of Islamic Economics and Finance (RIEF) June 2019
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (176.524 KB) | DOI: 10.17509/rief.v2i1.17674

Abstract

This research is based on problems in MSMEs, including poor administration, low product competitiveness, low human resources, lack of mastery of science, quality of service, and use of quality goods (Halal Thayyib). This study aimed to measure the level of implementation of Islamic Business Ethics for MSME players in the PUSPA Bank Indonesia program in West Java in Bandung in 2017. The research method used was descriptive quantitative with data analysis techniques using descriptive statistics. The number of research samples is 50 consumers from 4 MSMEs engaged in the service, food, and craft sectors. The results of the study show that the level of implementation of Islamic Business Ethics in micro-business actors guided by the PUSPA program in Bank Indonesia in West Java in 2017 is in outstanding criteria, dimensions that need to be improved are the orderly administrative dimensions and the dimensions of freedom with good criteria. At the same time, the dimensions of responsibility, justice, and truth are included in the criteria very well. The impact of this research shows the need for improvement of several indicators because it has implications for business progress and increased competitiveness of MSMEs themselves.
Poverty Reduction Through the ZISWAF Program The Sinergi Foundation Village Barn in Cibaeud Village Tasikmalaya District Faqih Adam; Nida Nabila; Nur Hidayati
Review of Islamic Economics and Finance (RIEF) Vol 1, No 2 (2018): Review of Islamic Economics and Finance (RIEF) December 2018
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (308.482 KB) | DOI: 10.17509/rief.v1i1.13857

Abstract

The Ziswaf problem in contemporary times is not only in the collection of funds, but the more urgent matter to consider is the strategy of the ziswaf distribution itself.  This study aims to analyze the impact of the village bam program in reducing the poverty of mustahik households, both in terms of material and spiritual aspects. This study uses primary data with interviews through questionnaires in the village of Cibaeud, Lembong Jaya Village, Ciganlontang District, Tasikmalaya, as many as 69 respondents from the population of 120 households. The CIBEST model by Beik and Arsyianti was used as ananysis tool. There are 42% of people experiencing a change in welfare level, 33% decrease in material poverty rates, 5,7% decrease in spiritual poverty rates, and 2,9% decrease in absolute poverty rates. The concept of the Sinergi Foundation village bam program was able to break the chain of middlemen (Ijon) distribution by collecting agricultural products at the Sinergi Foundation village granary institution to be marketed directly
The Level of Student Literacy Towards The Sharia Cooperatives Ropi Marlina; Juliana Juliana
Review of Islamic Economics and Finance (RIEF) Vol 1, No 1 (2018): Review of Islamic Economics and Finance (RIEF) June 2018
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (205.023 KB) | DOI: 10.17509/rief.v1i1.23744

Abstract

Abstract.     This article is motivated by the wrong perception of the understanding and knowledge of Islamic cooperatives. The purpose of this study is to find out the level of student literacy in Islamic cooperatives. The method used is the quantitative descriptive method. The number of research samples amounted to 70 active students of the Indonesian Education University representing each faculty. The results showed that students did not fully understand the development agreement used in Islamic cooperatives included in the contract syirkah. However, in general, students' literacy toward usury and the compatibility of Islamic cooperatives with Islamic principles is largely understood. The implication of this research shows that there is a need to increase literacy to students as a younger generation, more specifically about the existing contractual agreements in Islamic cooperatives. Keywords.    Sharia Banking, Sharia Cooperative, Syirkah, Student Literacy