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
Islamic Business Ethics: The Key to Success in Family Business (Case Study at Green Hotel Ciamis) Kiki Hardiansyah; Fitranty Adirestuty
Review of Islamic Economics and Finance Vol 4, No 2 (2021): Review of Islamic Economics and Finance : December 2021
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/rief.v4i2.39918

Abstract

AbstractPurpose – This study aims to describe and analyze the application of Islamic business ethics as a necessary component of family business success. The study's subject is a family business in Ciamis Regency, West Java. Islamic business ethics indicators are based on five axioms: monotheism, balance, free will, Ihsan, and responsibility.Methodology - The research method employed is qualitative, using a phenomenology approach, case study and library research. The research data were gathered through observation, interviewing, and documenting.Findings - The research data were gathered through observation, interviewing, and documenting. According to the findings of this study, family businesses seeking success must adhere to Islamic business norms, including monotheism, balance, free choice, Ihsan, and accountability.Keywords: Islamic Business Ethics, Key to Success, Family Business
The Performance Of Islamic Banking Based On Sharia Maqashid Index (SMI) Suci Aprilliani Utami; Yana Rohmana; Firmansyah Firmansyah; Ripan Hermawan
Review of Islamic Economics and Finance Vol 4, No 2 (2021): Review of Islamic Economics and Finance : December 2021
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/rief.v4i2.41115

Abstract

AbstractPurpose – The purpose of the study must be stated in abstract.  Ideally in one sentence, the primary objectives should be clear. This section also contains scope of the study or the reasons why the paper was conducted.Methodology - An abstract of a scientific work may include specific models or approaches used in the larger study. Other abstracts may describe the types of evidence used in the research. The methodology used in the paper should be presented clearly. Findings - The abstract must be written in English. The abstract should be in one paragraph with no more than 250 words. It uses Times New Roman 11, single space, and italic. The abstract should contain purpose, methodology, findings, novelty, research limitation, research implication, keywords, and paper type. Novelty – The paper should have originality or novelty. This term means something completely different. To a researcher and a funding source, a novel idea means something that is unique in the field or scope being analyzed. It can be a new methodology or a new design that sets the stage for new knowledge. Research Limitation - The weaknesses of the study, often outside of control of the researcher should be written in this study. These could include things like time, access to funding, equipment, data or participants.Research Implication - How does this work add to the body of knowledge on the topic? Are there any practical or theoretical applications from your findings or implications for future research?Keywords: It is a maximum of 5 keywords in English with apparent meaning. The keywords are separated by a semicolon (;). For example, Islamic bank; profit sharing; customer satisfaction.
The Influence of E-wom on Repurchase Intention with Trust As a Mediating Variable (A Case Study of Wearing Klamby) Nuria Putri; Fatin Hasib
Review of Islamic Economics and Finance Vol 5, No 1 (2022): Review of Islamic Economics and Finance : June 2022
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/rief.v5i1.45410

Abstract

Purpose – This research discusses the influence of E-WOM on Repurchase Intention to Wearing Klamby products. Methodology - The method used is quantitative with Path Analysis for the analysis technique. In the research, the sampling technique used is non-probability sampling, and the non-probability sampling used is the purposive sampling technique. The data used are primary and secondaryFindings - The primary data were obtained by distributing online questionnaires to respondents. The result of this study shows that Trust mediates E-WOM and Repurchase Intention of Wearing Klamby products.Keywords: E-WOM, Trust, Repurchase Intention, Wearing Klamby
Implementation of Sharia Principles in Murabahah Contracts at KCP Bank Muamalat Hari Subakti; Nurul Jannah
Review of Islamic Economics and Finance Vol 5, No 1 (2022): Review of Islamic Economics and Finance : June 2022
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/rief.v5i1.44450

Abstract

Purpose – The purpose of this research is to educate the form of contract used by Bank Muamalat KCP Kisaran. Specifically examining how the application of sharia principles to murabah financing contracts at Bank Muamalat KCP Kisaran.Methodology - This research method is qualitative by processing data from sources of documentation, interviews, field observations, and literature which is carried out by descriptive analysis.Findings - This study has the result that the form of the murabahah financing product contract at Bank Muamalat KCP Kisaran is based on the provisions of the Sharia Banking Law, Bank Indonesia, and the DSN-MUI Fatwa. Then, in the murabahah financing contract at Bank Muamalat Kota Kisaran, sharia principles are applied, including the absence of usury elements, no maisir, garar, haram, and unjust elements.Keywords: Murabahah Agreement, Bank Muammalat, Financing Products
Islamic Marketing in Era Society 5.0 Based on Maqashid As-Syariah Approach Siti Majidah
Review of Islamic Economics and Finance Vol 5, No 1 (2022): Review of Islamic Economics and Finance : June 2022
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/rief.v5i1.44443

Abstract

Purpose - The purpose of this study is to find out the opportunities and challenges of marketing digitalization by adjusting the 4P mix (Product, Price, Place, and Promotion) in a sharia marketing perspective and to analyze strategies that can be used in marketing in the era of society 5.0 based on sharia maqashid. The development of a very dynamic marketing concept from the era of society 1.0 to 5.0 requires companies to make various kinds of progressive breakthroughs in winning market share and loyalty from customers for a long time (long term relations) while still paying attention to the principles of maqashid sharia, namely Mashlahah for the community all stakeholders.Methodology - The research method used is qualitative research with a literature study approach. The results of the study indicate that marketing in the era of society 5.0 which is based on marketing digitalization still requires 4P marketing mix based on sharia values. Artificial Intelligence (AI) requires innovation, efficiency, and Islamic values, one of which is by using the Next Tech and New CX methods in marketing to provide a better customer experience. efficient, and businesses can provide added value to customers. Findings - To win the global competition in digital marketing, a marketer is also required to have several competencies such as; Innovative, Open-minded, agile, IoT friendly, dynamic and collaborative, and religious, while still prioritizing the spiritual values of marketers.Keywords: Islamic Marketing, Maqashid Syariah
Views on the Utilization of Non-Halal Assets Firmansyah Firmansyah; Aas Nurasyiah; Suci Aprilliani Utami; Ripan Hermawan; Muhammad Kamal Muzakki; Romi Hardiansyah
Review of Islamic Economics and Finance Vol 5, No 1 (2022): Review of Islamic Economics and Finance : June 2022
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/rief.v5i1.44837

Abstract

Purpose – This paper aims not to legalize the practice of unlawful muamalah transactions, but the real purpose is what to do if someone has already made unlawful transactions and generates wealth from the practice of unlawful muamalah transactions, what is the solution to repentance in Islam, so as not to repeat muamalah transactions illegal in the future.Methodology - This paper uses a qualitative method in the form of library research. Literature study is a technique of collecting data by examining books, literatures, articles and research reports that have to do with the problem being solved. Thus, this study will limit its activities only to library collection materials without conducting field researchFindings - The conclusion of this paper is that if the illicit assets resulting from transactions that are not mutually pleased and the whereabouts of the transaction partners are known, it must be returned or their consent is requested, while if the whereabouts of the transaction partners are not known, the assets are donated to the poor on behalf of the owner of the goods/money legitimate.Keywords: Non-Halal Assets, Muamalah Haram, Utilization of Non-Halal Assets, Repentance
Factors Affecting Muzaki’s Decision to Pay Zakat in Baznas City of Depok for the 2020 Period Kaimiyaul gina gina fahrani
Review of Islamic Economics and Finance Vol 5, No 1 (2022): Review of Islamic Economics and Finance : June 2022
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/rief.v5i1.44957

Abstract

Purpose – This study aims to determine empirically the effect of Accountability, Transparency of Zakat Management and Income Levels during the pandemic on muzaki's decisions in paying zakat at BAZNAS Depok City.Methodology - In this study, there are three independent variables, namely Accountability, Transparency, and Income Level. And has one dependent variable, namely the decision of muzaki. The population of this study is muzaki recorded at the National Amil Zakat Agency (BAZNAS) Depok City in 2020. The data used is primary data using a questionnaire technique distributed to 102 respondents. The analytical method used is multiple linear regression with SPSS tools.Findings - The results of this study indicate that simultaneously accountability, transparency, and income levels influence muzaki decisions. Partially accountability and transparency have a positive effect on muzaki decisions. While the level of income has a negative effect on the decision of muzaki in paying zakat.Keywords: Accountability, Transparency, Income Level, Pandemic Era, National Amil Zakat Agency (BAZNAS)
Corporate Governance Mechanism: Its Role Against the Criteria for Sharia Stocks and Share Prices Moch. Edman Syarief; Dadang Hermawan; Leni Nur Pratiwi
Review of Islamic Economics and Finance Vol 5, No 1 (2022): Review of Islamic Economics and Finance : June 2022
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/rief.v5i1.45011

Abstract

Purpose - This study examines the effect of corporate governance mechanisms represented by the number of board of commissioners and board of directors on the fulfillment of sharia stock criteria and stock prices. Methodology - The data collected from 195 Islamic issuers listed on the Indonesian Sharia Stock Index with the observation period of the 2012- 2016 on the annual report. The analytical tool used is a robust path analysis using WARP PLS. Findings - The results of the study state that there is a direct influence of the corporate governance mechanism on the fulfillment of sharia stock criteria, there is an indirect influence from the board of commissioners through the board of directors on sharia stock criteria, but there is no indirect influence on stock prices. The average value of TUBTA and NPI is well below the maximum limit set by OJK, and there is no sharia compliance officer in the company under study. The existence of compliant sharia officers may be a solution for differences in the influence that occurs between the commissioner's board and the board of directors on the fulfillment of Islamic finance criteria.Keywords: Board of commissioners; board of directors; sharia stock financial criteria; stock prices.
Consumption: Ethical Perspective of Islamic Economics Yana Rohmana
Review of Islamic Economics and Finance Vol 5, No 1 (2022): Review of Islamic Economics and Finance : June 2022
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/rief.v5i1.52164

Abstract

AbstractPurpose – The problem of consumption in the framework of Islamic economics is how to fulfill needs so that satisfaction is achieved, full of ethics by adding social preferences and benefits, and hoping to achieve the pleasure of Allah SWT.Methodology - Such consumer behavior should be based on Islamic moral consumption ethics with the guidelines of the Qur'an and Sunnah. The principles of consumption within the framework of Islamic ethics, namely (i) the principle of permissibility and generosity; (ii) Responsibility and Simplicity Principles; (iii) Principles of Balance and Fairness; and (iv) Priority and Morality Principles.Findings - All consumption ethics are aimed at achieving falah, which is a noble and prosperous life in this world and the hereafter with the fulfillment of the needs of human life in a balanced way. The fulfillment of community needs will have an impact called mashlahah (individual and social welfare) in the hope of achieving the pleasure of Allah SWT. So it is fitting that the consumption of a Muslim is as a means of help to worship Allah SWT. So its consumption must conform to the hierarchy of essential (darūriyyāt), complementary (hājiyyāt) and embellished (taḥsīniyyāt) needs. Islam forbids consumers to take extreme actions (up to the upper limit) in the form of excessive consumption (israf) or wasteful consumption (tabdhir), and also avoid stingy consumption. The prohibition set is not to limit mankind, but to ensure the benefits are maintained and harm is avoided in consumption.Keywords: Consumption, Ethics, Islam, Falah
Examining The Model Of Islamic Bank Profitability: The Roles Islamic Social Responsibility, Firm Size, Leverage, and Board Size Diah Sepni Andhari; Muhammad Muflih; Dian Imanina Burhany
Review of Islamic Economics and Finance Vol 5, No 2 (2022): Review of Islamic Economics and Finance : December 2022
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/rief.v5i2.46949

Abstract

Purpose - Profitability is very essential for the Islamic banking industry to maintain a sustainable business at a global level. However, until now Islamic banking has not been able to generate profitability competitiveness against conventional banking. Meanwhile, the increased awareness of the importance of business social responsibility has led to increased attention towards social responsibility based on Islamic values (known as Islamic Social Responsibility) since it is believed to be able to boost the profitability of Islamic banking. This study aims to reveal the effect of firm size, leverage, and board size on Islamic social responsibility and the role of Islamic social responsibility in mediating the influence of these three factors on the profitability of Islamic bankingMethodology - Observing 14 Islamic banks in Indonesia, this study used SEM-PLS for data analysis. Findings - The results show that board size has a positive effect on Islamic social responsibility while Islamic social responsibility itself has a positive effect on the profitability of Islamic banking. In addition, Islamic social responsibility can play a good role in linking firm size, board size, and leverage with the profitability of Islamic banking. The implications (theoretical and managerial) of this study are described at the end of the