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Moh. Nurul Qomar
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INDONESIA
MALIA: Journal of Islamic Banking and Finance
Published by Institut Agama Islam Negeri Kudus
ISSN : 26548577     EISSN : 26548569     DOI : https://dx.doi.org/10.21043/malia.
Core Subject : Economy,
Economics, Econometrics & Finance
MALIA: Journal of Islamic Islamic and Finance publishes articles with two related to themes; Islamic banking and finance. The first major theme is the Islamic Banking. The study of Islamic banking include all submissions related to Islamic banking, be it management, marketing, accounting, product, systems, and others. Specifically theme Islamic banking translated into various examples such as the role of Islamic bank in macroeconomics, funding of Islamic banks, Islamic banks products, IT systems, e-money, and so on. The second major theme is the finance. finance includes all submissions related to Islamic finance and general finance
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Keuangan
Articles 100 Documents
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The Effect of Green Banking Disclosure and Corporate Social responsibility Disclosure on Firm Value (Study on Islamic Commercial Banks Listed on The Indonesia Stock Exchange)
MALIA: Journal of Islamic Banking and Finance Vol 9, No 1 (2025): MALIA: Journal of Islamic Banking and Finance
Publisher : IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/malia.v9i1.31480

Abstract

This study aims to examine the effect of Green Banking Disclosure (GBDI) and Corporate Social Responsibility (CSR) Disclosure on firm value at Islamic Commercial Banks listed on the Indonesia Stock Exchange for the period 2018-2022. The data used is secondary data from annual reports and bank sustainability reports, with a sample of three banks selected using purposive sampling method. The number of samples used was 3 samples of Sharia Commercial Bank companies, namely PT Panin Dubai Syariah Bank, PT Bank Syariah Indonesia and PT Bank Tabungan Pensiunan Nasional Syariah. The research method used is multiple linear regression to test the relationship between variables. The results showed that GBDI has a significant negative effect on firm value, while CSR Disclosure, as measured by Islamic Social Reporting (ISR), has a significant positive effect on firm value. Simultaneously, GBDI and CSR Disclosure have a positive influence on firm value. This study concludes that the implementation of green banking needs to be accompanied by strengthening CSR strategies to support sustainability and increase firm value.
Does Ethics Sell? Analyzing Sharia Marketing on Banking Customer Loyalty
MALIA: Journal of Islamic Banking and Finance Vol 9, No 2 (2025): MALIA: Journal of Islamic Banking and Finance
Publisher : IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/malia.v9i2.36011

Abstract

This study examines the effect of the Sharia marketing mix on customer loyalty in Islamic banking. Using a quantitative approach, data were collected through an online questionnaire distributed to 295 customers of Bank Syariah Indonesia (BSI) in Kudus Regency. The research model incorporates five dimensions of the Sharia marketing mix—product, price, promotion, place, and people—and analyzes their influence on customer loyalty using Partial Least Squares–Structural Equation Modeling (PLS-SEM) with SmartPLS 3.0. The results indicate that all Sharia marketing mix variables significantly affect customer loyalty. Product, price, promotion, and place have positive and significant effects on loyalty, suggesting that Sharia-compliant products, fair and transparent pricing, effective promotional communication, and easy access to banking services play crucial roles in strengthening long-term customer relationships. Among these variables, promotion emerges as the most dominant factor influencing loyalty. Interestingly, the people (employees) variable shows a negative and significant effect on customer loyalty, indicating a potential service gap between customer expectations and actual employee performance, particularly in the context of increasingly digitalized Islamic banking services. Overall, the findings demonstrate that customer loyalty in Islamic banking is shaped not only by adherence to Sharia principles but also by the effectiveness of marketing mix implementation and the quality of service experiences perceived by customers. This study contributes to the literature by highlighting the complex role of employees in Islamic banking and underscores the importance of enhancing employee competence and service quality to build sustainable customer loyalty.
The Implementation of Antam Gold Installment Financing in Increasing Profitability at Bank Syariah Indonesia Muara Teweh Branch
MALIA: Journal of Islamic Banking and Finance Vol 9, No 2 (2025): MALIA: Journal of Islamic Banking and Finance
Publisher : IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/malia.v9i2.33789

Abstract

Antam gold installment financing is a long-term investment that continues to increase every year. Based on data found by researchers during an internship in September 2024, 243 customers participated in gold installment financing, which has an impact on increasing bank profitability. This financing is based on DSN-MUI Fatwa No. 77/DSN-MUI/VI/2010, which permits the sale and purchase of gold without cash as long as it is used for investment, not as a medium of exchange. This study aims to determine the implementation of Antam gold installment financing at Bank Syariah Indonesia (BSI) KCP Muara Teweh and its contribution to bank profitability. The method used is a descriptive qualitative approach with data collection techniques through observation, interviews with five informants, as well as documentation and secondary data from BSI KCP Muara Teweh which were analyzed descriptively. The results show that the implementation of Antam gold installment financing at BSI KCP Muara Teweh requires customers to pay a down payment of 5% of the gold price using a murabahah (sale and purchase) contract and a rahn (pawn) contract as collateral. Supported by an effective marketing strategy, this financing has increased customer numbers and profitability, as reflected in a monthly ROA of 0.41% and ROE of 42.23%. Therefore, Antam gold installment financing has proven to positively contribute to increased profitability at BSI KCP Muara Teweh.
Green Banking Disclosure: The Effect of Company Size, Board of Directors’ Age, and Profitability on Islamic Commercial Banks in Indonesia
MALIA: Journal of Islamic Banking and Finance Vol 9, No 1 (2025): MALIA: Journal of Islamic Banking and Finance
Publisher : IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/malia.v9i1.29808

Abstract

Despite the growing emphasis on sustainability, green banking disclosure in Islamic commercial banks remains underexplored, particularly regarding the role of board demographics. This study aims to examine the influence of company size, age of the board of directors, and profitability on green banking disclosure among Islamic banks in Indonesia. Using a quantitative approach, secondary data from annual and sustainability reports of five Islamic commercial banks were analyzed over the period 2021–2023. Panel data regression with the fixed effect model was employed using EViews 12. The findings reveal that company size and board age have a positive and significant effect on green banking disclosure, suggesting that larger institutions and more mature leadership contribute to greater transparency in environmental practices. However, profitability does not show a significant relationship, indicating that financial performance alone may not drive sustainable reporting initiatives. These results reinforce the relevance of stakeholder theory, where institutional characteristics influence environmental accountability. The study highlights the need for regulatory encouragement beyond voluntary disclosure. It is recommended that regulators and banking associations promote standardized green disclosure frameworks and include sustainability training for board members to enhance environmental governance within Islamic financial institutions.
Analysis of the Risks Experienced by Islamic Financial Institutions: A VOSviewer Bibliometric Approach
MALIA: Journal of Islamic Banking and Finance Vol 9, No 2 (2025): MALIA: Journal of Islamic Banking and Finance
Publisher : IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/malia.v9i2.34371

Abstract

This study aims to analyse and map the development of literature on risk analysis in Islamic financial institutions. The data used in this study is secondary data obtained from scientific journal articles. The data source for this study is the academic database Google Scholar. The Publish or Perish (PoP) software was used to collect data, and the data analysis tools employed in this study included Microsoft Excel, Mendeley Desktop, and VOSviewer. Data collection from the PoP application from 2016 to 2025 yielded 997 articles from both international and national journals, totalling 17,030 citations, with an average of 1,892 citations per year and 17 citations per article. The results of the network visualisation map obtained 287 keywords divided into 18 clusters, 3,110 links, and a total link strength of 6,596, arranged in a collection of grouped and interconnected colored circles. In this study, network visualisation analysis of research themes and trends reveals the evolution of thinking from theoretical aspects to practical applications. In contrast, citation analysis highlights the topics most widely considered in the literature. The analysis in this study includes article publication citation analysis, bibliometric network visualisation analysis based on keywords, bibliometric overlay visualisation analysis, keyword classification analysis, and link strength analysis in the type of co-occurrence analysis, as well as bibliometric analysis on research flows (gap research). From these stages of analysis, three recommendations for further research are mapped.
Competition and Stability in Indonesian Sharia Banking
MALIA: Journal of Islamic Banking and Finance Vol 9, No 1 (2025): MALIA: Journal of Islamic Banking and Finance
Publisher : IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/malia.v9i1.32363

Abstract

Discussions about the relationship between competition and stability often lead to two opposing views: competition-fragility and competition-stability, which suggest that competition can either weaken or enhance the stability of the banking system. This study examines the impact of competition and efficiency on the stability of Islamic banks in Indonesia during the period 2021 to 2023, focusing on the use of the Herfindahl-Hirschman Index (HHI) and Boone Index as indicators of competition. Bank stability is measured using the Z-score, which reflects financial strength and the risk of bank insolvency.. This study uses HHI as a measure of market concentration and the Boone Index to assess efficiency in the Islamic banking industry. The analysis results indicate that HHI has a negative effect on the stability of Islamic banks, as measured by the Z-score, supporting the competition-fragility hypothesis. The study concludes that while higher market concentration reduces stability, improved efficiency enhances resilience, suggesting future research should broaden data scope and include external and alternative stability factors.
Determinant of Islamic Social Reporting in Sharia Commercial Banks
MALIA: Journal of Islamic Banking and Finance Vol 9, No 2 (2025): MALIA: Journal of Islamic Banking and Finance
Publisher : IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/malia.v9i2.34652

Abstract

The disclosure of Islamic Social Reporting (ISR) in Islamic Commercial Banks in Indonesia remains relatively low and inconsistent, despite the significant growth in assets and capital in the post-pandemic period.  This condition reflects a fundamental issue, namely that financial expansion has not been fully accompanied by an enhancement of social accountability based on Sharia and transparency. This study aims to determine and analyze whether capital size, zakat, and firm size influence Islamic Social Reporting (ISR) in Islamic Commercial Banks in Indonesia during the period 2021–2024. This quantitative study uses secondary data sourced from the annual reports of banks registered with the Financial Services Authority (OJK). The analytical method used is panel data regression software eviews 13. The study population consisted of 14 Islamic Commercial Banks. Through purposive sampling, a final sample of 8 banks was obtained with 4 years of observation, resulting in 32 observations. The Fixed Effect Model was used as the estimation model. The results show that capital size has a significant effect on ISR, firm size also has a positive and significant effect on ISR, while zakat has no significant effect on ISR. Simultaneously, all three variables influence ISR, but partially only capital size and firm size are proven significant. This finding indicates that capital capacity and company scale encourage the expansion of Sharia-based social disclosure, while reported zakat payments have not been the main drivers of ISR quality. 
Future Research Directions Environmental, Social, and Governance (ESG) in Indonesian Commercial Banks: (A Bibliometric Analysis)
MALIA: Journal of Islamic Banking and Finance Vol 9, No 1 (2025): MALIA: Journal of Islamic Banking and Finance
Publisher : IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/malia.v9i1.30695

Abstract

This study aims to explore the evolution of environmental, social, and governance (ESG) and banking from a research publication perspective. Design, methodology, and approach: bibliometric analysis was applied based on selected publications from the Scopus database from 2010 to 2023 with the keywords ESG and bank. This study uses a soft VOSviewer to exercise the data. The implications of this research are: first, there are several areas that have received less attention among researchers, even though they are relevant to industry, for example, the banking industry. Second, the inconsistent frequency of publications in some specialty areas may indicate that there is an unprecedented event that hinders further research; perhaps researchers can anticipate more information and advances in the industry. Third, there is a need to strengthen collaboration between industry and academia to advance research. The implication of this study is to identify and propose future research trends in the area of ESG in banks. This research is one of the pioneering studies in analyzing bibliometrics focusing on ESG in banks. Previous studies focused on financial performance and the banking industry and did not specifically address ESG. Therefore, this study highlights the research gap in ESG. The findings show that from the 141 articles analyzed, there are five disciplines that can be further developed: sustainable development, sustainability, governance approach, environmental, and banking.
Financial Technology Adoption and Student Invesment Decisions: The Mediating Role of Investment Interest (Evidence from Students of Universitas Trunojoyo Madura)
MALIA: Journal of Islamic Banking and Finance Vol 9, No 2 (2025): MALIA: Journal of Islamic Banking and Finance
Publisher : IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/malia.v9i2.34517

Abstract

The development of financial technology (fintech) has changed the access patterns and investment behavior of the younger generation, including students. However, the level of student investment participation in certain contexts is still relatively low. This research aims to analyze the influence of financial technology on students' investment decisions and examine the mediating role of investment interest in this relationship. This research uses a quantitative approach with a survey method of 30 Trunojoyo Madura University students who have active accounts and have made transactions in the capital market. The limited sample size reflects the relatively small empirical conditions of the target population, so this research is contextual and focuses on the depth of analysis of student investment behavior. Data was analyzed using Partial Least Squares (PLS) via SmartPLS 4.0. The research results show that financial technology has a significant effect on investment interest, but does not have a direct effect on investment decisions. Investment interest is proven to act as a mediator that bridges the influence of financial technology on student investment decisions. These findings provide a theoretical contribution by strengthening the application of the Theory of Planned Behavior in the context of technology-based investment, as well as a practical contribution to the management of the Sharia Investment Gallery in designing strategies to increase student participation that not only focus on technological aspects, but also shape investment interest. The novelty of this research lies in testing the mediating role of investment interest in the context of students with limited levels of investment participation.
Do Sustainability Disclosures Matter? An Empirical Analysis of Banks’ Financial Performance in Indonesia and Malaysia
MALIA: Journal of Islamic Banking and Finance Vol 9, No 1 (2025): MALIA: Journal of Islamic Banking and Finance
Publisher : IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/malia.v9i1.33735

Abstract

This study aims to investigate the impact of sustainability reporting, as measured by the ESG score, on the financial performance of banks in Indonesia and Malaysia, specifically focusing on Return on Assets (ROA) and Return on Equity (ROE). Additionally, macroeconomic variables, including inflation (INF), GDP growth, unemployment rate (UNP), and bank-specific factors such as Net Profit Margin (NPM) and Debt to Equity Ratio (DER) are considered. Using panel data from 2020 to 2024, the study applies the Random Effects Model (REM) to analyze the relationships between these variables. The results indicate that ESG disclosure does not have a significant on the financial performance of banks in both countries. However, NPM significantly positively both ROA and ROE. Macroeconomic variables show mixed results, with inflation having a positive impact on financial performance, GDP negatively affecting ROE, and UNP having a positive effect on ROE but no significant effect on ROA. The study suggests that macroeconomic stability plays a more substantial role in shaping bank performance compared to sustainability disclosure, particularly in emerging markets like Indonesia and Malaysia. Further research could explore the long-term effects of sustainability reporting and consider crisis periods to better understand the dynamics between sustainability and financial performance in the banking sector.

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