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
Investigating the Feasibility of Islamic Finance in Uzbekistan: Survey Results Azamat Abdullaev; Juliana Juliana; Gulnora Bekimbetova
Review of Islamic Economics and Finance Vol 6, No 1 (2023): Review of Islamic Economics and Finance : June 2023
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/rief.v6i1.57013

Abstract

Purpose - This article presents the results of a survey conducted to assess the feasibility of introducing Islamic finance in Uzbekistan. The survey aimed to gather information on public opinion and awareness of Islamic finance in the country, shedding light on the opportunities and challenges associated with implementing an Islamic finance system.Methodology - The methodology involved a combination of face-to-face interviews and online questionnaires. A total of 2,235 entrepreneurs and 4,938 individuals participated in the survey, while official letters were sent to all 30 commercial banks in Uzbekistan, resulting in responses from 27 banks.Findings - The survey findings revealed a significant level of interest and demand for Islamic finance in Uzbekistan. Notably, individuals and businesses that have been hesitant to use traditional bank credit services due to religious considerations expressed a strong inclination towards Islamic finance alternatives. However, the survey also identified several challenges that need to be addressed for successful implementation. These include the absence of specific laws regulating Islamic financial products and services, the need for a tailored regulatory framework for banks operating under Islamic law, and the lack of adequately trained specialists in Islamic finance and banking.
The Relatedness of Islamic Consumption Values with Responsible Consumption for Development (Case Study in Indonesia) Lindiawatie - Lindiawatie; Dhona - Shahreza
Review of Islamic Economics and Finance Vol 6, No 1 (2023): Review of Islamic Economics and Finance : June 2023
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/rief.v6i1.50610

Abstract

Improving consumption patterns that are responsible for development is very important to be done by everyone. Irresponsible consumption led to negative impacts on social and environmental life. Islamic consumption values are the solution. This study aims to determine the relatedness of Islamic consumption values and responsible consumption for development and to determine the implementation of the dimensions and principles of Islamic consumption that enable the realization of responsible consumption for development in the form of attitudes and perspectives.   The method of research is by distributing questionnaires to Muslim communities in the Greater Jakarta area and outside Greater Jakarta. The result is that Islamic consumption values have a strong and significant relatedness with responsible consumption for development. Its implementation is in the form of being careful, careful, not rash, and controlling oneself when consuming something so as not to have a bad impact on social life and the environment. The implementation of Islamic consumption values means responsible consumption for development. Thus,  Islamic consumption values support one of the SDGs agenda on Responsible Consumption.
PT Bank Panin Dubai Sharia: Profitability and the Factors Affect it Meilinda, Aulia Sofia; SS, Vietha Devia
Review of Islamic Economics and Finance Vol 6, No 2 (2023): Revıew of Islamic Economics and Finance (RIEF): December 2023
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/rief.v6i2.61904

Abstract

This study aims to examine the development of PT. Bank Panin Dubai Syariah. PT Bank Panin Dubai Syariah, also known as Bank Panin Syariah, is a sharia bank based in Jakarta, Indonesia. Founded in 1971 and is the first bank in Indonesia to introduce Islamic banking, especially the Bank that conducted its first IPO on the Indonesian stock exchange, precisely on January 15, 2014 with the code PNBS (Annual Report PNBS, 2020) and has a capital composition of 39.32%. from Dubai Islamic Bank. The author wants to examine the effect of interest rates, third party funds and financing on the profitability of Bank Panin Dubai Syariah. The author took the research period January 2020 - August 2022 because he wanted to see developments in bank profitability during the Covid-19 period. The data analysis tool used is a quantitative method with multiple linear regression analysis. The results showed that interest rates had no significant effect on the profitability of Bank Panin Dubai Syariah, while third party funds and financing had a significant positive effect on the profitability of Bank Panin Dubai Syariah. The implications of this research are expected to be used as an evaluation for banking institutions in managing interest rates, third party funds and financing which will affect bank profitability.
Does Cash Turnover and Total Asset Turnover Affect the Net Profit Margin at PT Bank Jabar Banten Syariah for the 2013-2022 Period? Anggarani, Dewi; Marlina, Lina; Andani, Listia
Review of Islamic Economics and Finance Vol 7, No 1 (2024): Revıew of Islamic Economics and Finance (RIEF): May 2024
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/rief.v7i1.71702

Abstract

Purpose – This research is motivated by the discrepancy between theory and reality, where in theory it is said that when cash turnover and total asset turnover increase, net profit margin will increase and vice versa. This study aims to determine how cash turnover, total asset turnover and net profit margin at PT BJB Syariah for the period 2013-2022 and to find out how cash turnover and total asset turnover affect net profit margin at PT BJB Syariah for the period 2013-2022 partially and simultaneously.Methodology - This research uses quantitative methods using IBM SPSS Statistics 26 analysis tools with purposive sampling technique, based on appropriate considerations by taking into account the criteria with several limitations taken in this research. The data used in this study are secondary data in the form of quarterly financial reports of PT BJB Syariah for the period 2013-2022. The independent variables used are cash turnover and total asset turnover, and the dependent variable used is net profit margin. The tests carried out are by analyzing descriptive statistics, classical assumption test and multiple linear regression analysis. Findings - The results of this study indicate that partially cash turnover has a significant positive effect on net profit margin. Then total asset turnover has a significant negative effect on the net profit margin. While simultaneously cash turnover and total asset turnover have a significant positive effect on net profit margin. This research shows that BJBS needs to make strategy adjustments to increase profitability by considering asset management decisions and operational strategies.Keywords: Cash Turnover; Total Asset Turnover; Net Profit Margin
The Economic Empowerment of Women Micro Entrepreneurs: How is the Islamic Wealth Management Impact? Nurasyiah, Aas; Monoarfa, Hilda; Kusnendi, Kusnendi; Firmansyah, Firmansyah; Rosida, Rida; Ismail, Shafinar
Review of Islamic Economics and Finance Vol 6, No 2 (2023): Revıew of Islamic Economics and Finance (RIEF): December 2023
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/rief.v6i2.64901

Abstract

Purpose – This research aims to analyze what factors keep women economically empowered during the COVID-19 period. The basic theory used is the theory of famines of poverty (Amartya Sen), which states that one of the main factors for women's economic empowerment is access to financial resources. In this study, the financial governance carried out refers to the Islamic Wealth Management concept developed by experts.Methodology - The method used in this study is quantitative with a causality approach, and besides that, the data analysis technique used is Structural Equation Modeling-Partial Least Square (SEM-PLS). The subjects of this study were female micro-entrepreneurs who were able to be empowered during the Covid-19 pandemic. Findings - The results of this study conclude that of the five aspects of Islamic Wealth Management, there are wealth accumulation, wealth protection, and wealth distribution have a significant effect on women's economic empowerment. Furthermore, the wealth creation and wealth purification variables do not have a significant effect on women's economic empowerment.
Factors Affecting Financing Distribution of Sharia Commercial Banks in Indonesia Putri, Tsamara Nadya Cantika; Sukmaningrum, Puji Sucia
Review of Islamic Economics and Finance Vol 6, No 2 (2023): Revıew of Islamic Economics and Finance (RIEF): December 2023
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/rief.v6i2.45454

Abstract

This study aims to analyze the effect of inflation, economic growth, interest rates, asset quality, capital adequacy, and profitability on the distribution of Islamic commercial bank financing in Indonesia (2014 – 2019) partially or simultaneously. In this study, the variables used are financing distribution as measured by FDR, profitability as measured by Bank ROA, inflation, economic growth as measured by GDP, interest rate as measured by the BI Rate or BI7DRR, and capital adequacy as measured by CAR and asset quality measured by the NPF. The quantitative approach used with panel data regression method with the analysis tool Eviews 10. This study uses secondary data derived from the annual financial statements of Islamic commercial banks in Indonesia. Sampling was carried out using purposive sampling with several criteria, resulting in a sample of 10 BUS in Indonesia. The results show that the interest rate and asset quality partially affect the distribution of financing with a significant positive. In contrast, economic growth, inflation, capital adequacy, and profitability do not significantly affect the distribution of BUS financing in Indonesia. Simultaneously, inflation, economic growth, interest rates, capital adequacy, asset quality, and profitability significantly impact the distribution of BUS financing in Indonesia.
Halal Value Chain of Processed Fish Food: Case Study of Pempek and Tekwan Pratiwi, Heni; Purwanto, Purwanto
Review of Islamic Economics and Finance Vol 7, No 1 (2024): Revıew of Islamic Economics and Finance (RIEF): May 2024
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/rief.v7i1.68053

Abstract

Purpose – This study aims to simulate a Halal Value Chain for processed fish food products achieving halal certification standards. The products we chose were Pempek and Tekwan which are the most processed fish foods in Jambi City.Methodology - This study is qualitative research. Halal Value Chain of processed fish food products is simulated by using data from MSMEs owning Halal Certification.  We conduct the research with three stages. The first stage was determining the MSMEs that would be researched, where the business products had received a BPJPH halal certificate, the second stage was observing and identifying production houses and the third stage was processing the data and information that had been obtained and simulating a halal value chain.Findings -. We have succeeded in simulating a Halal Value Chain for processed fish food products, especially for Pempek and Tekwan products by MSMEs owning Halal Certification. This simulation can be used for the same business, we also found that the halal value chain in processed fish food should always be maintained by halal management. MSMEs needs to create operational standards in monitoring and evaluating the halal value chain.Keywords: Halal Value Chain, Halal Certification, Processed Fish Food, Pempek and Tekwan
Revisit Intention Muslim Tourists to Halal Tourism in Yogyakarta: Analysis of Facilities, Promotion, Electronic Word of Mouth, and Religiosity Juliana, Juliana; Syiva, Asyhari Nadzilla; Rosida, Rida; Permana, Erwin; Zulfikar, Rakhmat Muhammad; Abduh, Muhammad; Inomjon, Qudratov
Review of Islamic Economics and Finance Vol 7, No 1 (2024): Revıew of Islamic Economics and Finance (RIEF): May 2024
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/rief.v1i1.66961

Abstract

Purpose – To determine the influence of facilities, level of promotion, Electronic Word of Mouth, and religiosity on revisit intention halal tourism in Yogyakarta through consumer satisfaction as an intervening variable.Design/methodology/approach – This research uses quantitative methods with a causality approach. The analysis technique used was Structural Equation Modeling-Partial Least Square- (SEM-PLS) with a sample of 287 respondents.Finding – The research results show that the variables of facilities and consumer satisfaction have a positive effect on interest in returning to halal tourism in Yogyakarta. Meanwhile, the level of promotion, EWOM, and religiosity have no effect on Revisit intention halal tourism in Yogyakarta. As for mediation, the variable level of consumer satisfaction is only able to mediate the variables of facilities, level of promotion and electronic word of mouth on interest in repeat visits.Practical implications – this research finds that external factors and internal factors in consumer behavior, namely facilities and consumer satisfaction, play an important role in determining Revisit intention halal tourism in Yogyakarta. Therefore, the Yogyakarta provincial government, actors in the Yogyakarta tourism sector need to make efforts to increase interest in returning Muslim tourists to halal tourism in Yogyakarta.Originality/value – This research is the first to examine the influence of facilities, level of promotion, electronic word of mouth, and religiosity on interest in returning to halal tourism in Yogyakarta through consumer satisfaction as a mediator variable.
Meta-Analysis Study: The Effects of Accountability and Transparency on Muzaki’s Trust in Zakat Institutions in Indonesia Hotimah, Husnul; Suprayogi, Noven
Review of Islamic Economics and Finance Vol 6, No 2 (2023): Revıew of Islamic Economics and Finance (RIEF): December 2023
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/rief.v6i2.58653

Abstract

Purpose – This study aims to analyze the relationship between transparency and accountability in influencing Muzaki’s trust in zakat institutions in Indonesia. Methodology - A quantitative approach with a meta-analysis method is used in this study to achieve that aim. This study uses ten previous research articles (papers) as research samples. The sample of this research was obtained from Google Scholar by going through a series of sample selection criteria. Findings - The findings of this study indicate that transparency and accountability affect Muzaki’s trust in zakat institutions in Indonesia in a significantly positive manner. Based on these findings, zakat institutions in Indonesia need to pay attention to the level of transparency and accountability and increase it to increase muzaki's trust in them
Urban Economic Empowerment Strategy Based on a Business Model Canvas: Case Study of the ZCHICKEN Empowerment Program by BAZNAS Sayyid Ahmad, Muhammad Malik; Yusnita, Titien; Arijulmanan, Arijulmanan
Review of Islamic Economics and Finance Vol 7, No 1 (2024): Revıew of Islamic Economics and Finance (RIEF): May 2024
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/rief.v7i1.67804

Abstract

AbstractPurpose – This research aims to analyze sharia economic development strategies, the concept of zakat, and optimization using the Business Model Canvas approach in the ZCHICKEN program carried out by BAZNAS to increase the income of small traders.Methodology - This type of research is descriptive qualitative using analytical tools in the form of the Business Model Canvas for Social Enterprise and SWOT analysis to find relevant strategies. Findings - The results of this research are that the sharia economic development strategy carried out by BAZNAS in the ZCHICKEN program in Jakarta to increase the income of small traders has succeeded in empowering mustahik by providing opportunities for economic empowerment in the culinary sector through the concept of fried chicken franchises, namely some have reached the nisab, had kifayah, or above the poverty line. The concept of zakat in the ZCHICKEN program is zakatnomics which focuses on the economic aspects of zakat including faith, productivity, economic justice, and BAZNAS. The results of the Business Model Canvas identification in the ZCHICKEN BAZNAS program have effectively utilized productive zakat funds by providing capital assistance and training so as to have a positive impact on the welfare of mustahik to build family economic resilience by prioritizing strengths and opportunities. Keywords: ZCHICKEN BAZNAS Zakat Concept; Urban Economic Empowerment; Business Model Canvas; SWOT Analysis.