AL-ARBAH: Journal of Islamic Finance and Banking
AL-ARBAH: Journal of Islamic Finance and Banking is a peer-reviewed journal, published biannually by Department of Sharia Banking, Faculty of Islamics Economics and Business, Universitas Islam Negeri (UIN) Walisongo Semarang Indonesia. This journal is peer-reviewed journal by English language published twice a year (October and April) and specializes in Islamic Finance, Islamic Banking, and Islamic Finance Institutions.
Articles
14 Documents
Search results for
, issue
"Vol. 6 No. 2 (2024)"
:
14 Documents
clear
<![CDATA[Artificial Intelligence: Making crime easier in the world of finance? ]]>
<![CDATA[Hasan, Zulfikar]]>;
<![CDATA[Marisna, Diska Sendi]]>
<![CDATA[ AL-ARBAH: Journal of Islamic Finance and Banking Vol. 6 No. 2 (2024) ]]>
Publisher : <![CDATA[Universitas Islam Negeri (UIN) Walisongo Semarang ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.21580/al-arbah.2024.6.2.22187
<![CDATA[Purpose – This paper explores the dual role of artificial intelligence (AI) in the realm of finance, examining its potential to both enhance efficiency and exacerbate vulnerabilities to criminal activitiesMethod – The research methodology for this study focuses on exploring the relationship between artificial intelligence (AI) and its potential role in facilitating financial crimes. This section outlines the research design, data collection methods, data analysis techniques, and ethical considerationsResult – As AI technologies become increasingly integrated into financial systems, they offer unprecedented opportunities for streamlining operations, optimizing decision-making processes, and enhancing customer experiences. However, this digital transformation also presents new challenges, particularly in terms of security and fraud preventionImplication – By leveraging advanced algorithms and machine learning techniques, malicious actors may exploit AI-powered systems to perpetrate financial crimes with greater sophistication and scaleOriginality – This paper evaluates the implications of this evolving landscape, highlighting the need for robust regulatory frameworks, proactive risk management strategies, and ongoing collaboration between industry stakeholders and law enforcement agencies to mitigate the risks associated with AI-enabled financial crime]]>
<![CDATA[Detection of Sharia and Non-Sharia Stock Price Volatility Through Financial Performance and Firm Size Analysis (Comparative Study of LQ45 and JII30) ]]>
<![CDATA[Nani, Nani]]>;
<![CDATA[Syarifudin, Efi]]>;
<![CDATA[Mabruroh, Ahda Inayati]]>
<![CDATA[ AL-ARBAH: Journal of Islamic Finance and Banking Vol. 6 No. 2 (2024) ]]>
Publisher : <![CDATA[Universitas Islam Negeri (UIN) Walisongo Semarang ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.21580/al-arbah.2024.6.2.22206
<![CDATA[Purpose - This research aims to estimate the magnitude of the influence of assets measured using firm size and company profits measured by financial performance on the volatility of Sharia and non-sharia stock prices. Through this research, it is hoped that investors will be able to assess the company's achievements and anticipate investment failures in the future.Method - Quantitative research using a regression analysis approach by comparing two research subjects, namely non-shariah shares LQ45 and sharia shares JII30. This data collection is complemented by library research.Result - The results obtained are that Financial Performance and Firm Size have an influence on share price volatility, in both Sharia and non-sharia stocks. In general, these two stocks found fluctuating data on Financial Performance and Firm Size, followed by rises and falls in share prices. This study is proven by theoretical results, statistical analysis results, and financial data recapitulation results.Implication - The existence of a significant relationship between these variables provides information for investors in making investment decisions, where fundamental analysis can be carried out by looking at the financial reports of the target company (issuer) without forgetting the analysis of Financial Performance and Firm Size data.Originality - Research comparing Sharia and non-sharia stock indices is still rarely done because many previous studies only focused on one index.]]>
<![CDATA[Asymmetric impact of stokvel and banking sector efficiency in South Africa: Evidence from non-linear ARDL approach ]]>
<![CDATA[Ngcobo, Lindiwe]]>
<![CDATA[ AL-ARBAH: Journal of Islamic Finance and Banking Vol. 6 No. 2 (2024) ]]>
Publisher : <![CDATA[Universitas Islam Negeri (UIN) Walisongo Semarang ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.21580/al-arbah.2024.6.2.23068
<![CDATA[This study examines the impact of stokvel savings and banking sector efficiency in South Africa using the non-linear autoregressive distributed lag (NARDL) bound testing approach technique with economic time series data ranging from 2009Q4 to 2020Q2. The NARDL results shows that positive and negative shocks on banking sector efficiency exhibited a positive influence on stokvel savings. An improvement in banking sector efficiency would result in an increase in stokvel savings of approximately 0.33%, while a decline in banking sector efficiency would lead to increase in stokvel savings albeit at a marginally reduced level of approximately 32%. The results are statistically significant at 1% and 5% for a positive shock and a negative shock respectively. Insignificant results obtained when using gross domestic product growth as dependent variable. This implies that the N-ARDL is not an appropriate model for estimating GDPG. Statistically significant results were found at 5% when using money supply.]]>
<![CDATA[Cryptocurrency as an Islamic Financial Entity: The Nahdliyin’s Istinbath Fiqh Approach ]]>
<![CDATA[Suhirman, Suhirman]]>
<![CDATA[ AL-ARBAH: Journal of Islamic Finance and Banking Vol. 6 No. 2 (2024) ]]>
Publisher : <![CDATA[Universitas Islam Negeri (UIN) Walisongo Semarang ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.21580/al-arbah.2024.6.2.23548
<![CDATA[Penelitian ini bertujuan untuk mengungkap dan menjelaskan kemungkinan cryptocurrency menjadi entitas keuangan islami yang ditinauh dari perspektif metode istinbath al-ahkam (fiqh) yang digunakan oleh Kaun Nahdliyin di Lembaga Bahtsul Masail (LBM) Nahflatul Ulama. Penelitian ini merupakan penelitian kualitatif yang didesain secara deskriptif-analitis. Data yang digunakan adalah data primer dan sekunder. Data primer berupa keputusan Muktamar, Munas, dan Konbes yang berkaitan dengan metode istinbath al-ahkam (fiqh) yang dilakukan oleh PBNU. Sedangkan data sekunder merupakan data tentang istinbat hukum yang digali dari hasil pemikiran ilmiah tokoh-tokoh NU yang tersebar dalam berbagai media dan portal karya ilmiah. Analisis data dilakukan secara kualitatif disajikan sebagai konten yang menjelaskan tentang fokus permasalahan. Penelitian ini menunjukkan bahwa model metode istinbath al-ahkam (fiqg) Kaum Nahdliyin sangat memungkinkan untuk menghukumi cryptocurrency sebagai entitas keuangan yang disepakati kehalalannya, sesuai dengan prinsip-prinsip syariah.Kata Kunci – kaum nahdliyin, istinbath al-ahkam, cryptocurrency, entitas keuangan, islami.]]>
<![CDATA[Study of Financial Services Authority Policies in Dealing with Corona Virus Disease (Countercyclical) ]]>
<![CDATA[Yuningrum, Heny]]>;
<![CDATA[Aslamiyah, Saibatul]]>
<![CDATA[ AL-ARBAH: Journal of Islamic Finance and Banking Vol. 6 No. 2 (2024) ]]>
Publisher : <![CDATA[Universitas Islam Negeri (UIN) Walisongo Semarang ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.21580/al-arbah.2024.6.2.23552
<![CDATA[Purpose -The purpose of this study is to examine the policies determined by the Indonesian Financial Services Authority (OJK) in handling the Corona Virus Pandemic in 2020-2022. Where the policy was made to overcome financing problems so that there would be no bad credit in the following year. Method-The research methods used in this study are qualitative methods by outlining 9 OJK policies in the form of countercyclical.. Result-The results of the study show that there are changes in the policies that have been set by the OJK, including: Extension of the Payment Period for Financing, Affiliate Transactions and Conflict of Interest Transactions extended from a maximum of 6 (six) months to a maximum of 8 (eight) months, there is an increase in Public Company Capital by Granting Preemptive Rights, Public Companies experiencing certain financial conditions as a result of the COVID-19 pandemic can increase capital without granting HMETD in order to improve their financial position and aand the addition of other financial servicesprovider of information technology-based money lending services. Implication - This study provides information to the public and policy observers made by OJK. This information can be a future analysis for policy makers if the pandemic problem occurs again. Originality-This research has the authenticity written by the researcher by analyzing the policies issued by the OJK in overcoming the problem of bad financing due to the Covid Pandemic. The criteria chosen by the researcher also chose the OJK Regulation which specifically discusses the problem of problematic financing during the Covid pandemic.Keywords: PJOK Regulation No. 11/POJK.03/2020, Problematic financing, covid 19]]>
<![CDATA[The Urgency of Dinar and Dirham as a Usury-Free and Maysir-Free Currency Solution ]]>
<![CDATA[Yunus, Muhammad]]>;
<![CDATA[Janwari, Yadi]]>;
<![CDATA[Al-Hakim, Sofian]]>
<![CDATA[ AL-ARBAH: Journal of Islamic Finance and Banking Vol. 6 No. 2 (2024) ]]>
Publisher : <![CDATA[Universitas Islam Negeri (UIN) Walisongo Semarang ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.21580/al-arbah.2024.6.2.23555
<![CDATA[Money has an important role in human life, especially in economic activities. The history of money starts from the barter system to the use of gold and silver as a medium of exchange. In the Islamic perspective, money is seen as a medium of exchange and a measure of value, not as a commodity. Islam prohibits practices such as usury, gambling, and speculation that can cause injustice in the distribution of wealth. Islamic principles in terms of money include accountability, justice, simplicity, and the prohibition of the accumulation of wealth. Some people view the Dinar and Dirham currencies are Islamic currencies, so they forbid paper currency or fiat money from being used because the nominal value does not match the intrinsic value, unlike Dinar and Dirham currencies. The method of this research is qualitative research in the form of library research. The result of the discussion of this article is that the dinar and dirham currencies did not originate from Islam but from the Romans and Persians. There are 3 functions of money in Islam, namely: money as a means of unit price, money as a medium of exchange, and Money as a storage medium of value. Thus, the Islamic perspective on money aims to create a fair economic and financial system for all mankind. Keywords: Money; Dinar; Dirham]]>
<![CDATA[The Role of Islamic Banking in Supporting Women's Economic Empowerment ]]>
<![CDATA[Trimulato, Trimulato]]>;
<![CDATA[Syarifuddin, Syarifuddin]]>
<![CDATA[ AL-ARBAH: Journal of Islamic Finance and Banking Vol. 6 No. 2 (2024) ]]>
Publisher : <![CDATA[Universitas Islam Negeri (UIN) Walisongo Semarang ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.21580/al-arbah.2024.6.2.23563
<![CDATA[AbstractPurpose -. This study describes the development of productive and consumptive Islamic bank financing. As well as explaining the role of Islamic banks in supporting women's economic empowerment.Method - This type of research is a literature study using qualitative. The data source in this research is secondary data that certain institutions have presented. The data collection technique used in this research is literature from various sources relevant to the research theme. Both from journals, books, and other library sources. The data analysis technique used in this research is descriptive qualitative, which shows the development of Islamic bank financing, as well as the form of empowerment that can be done by Islamic banks in supporting the women's economy.Result- The results of this study show that Islamic bank financing grew by 3.41 percent and that the portion of Islamic bank financing is still dominated by consumptive financing, not productive. Islamic banks need to increase productive financing, especially for women's economic empowerment. Islamic banks have a role in increasing women's productive financing with their profit-sharing system, as well as their social funds, and can collaborate with various parties.Implication - This study uses data from Islamic banks in Indonesia. The Financing for Consumptive and Productive Product. Financing for women's economic especially in one Islamic Bank. Originality- The paper looks financing distribution in Indonesia. Product Financing in Islamic Bank. Islamic banks need to be encouraged to activities that support the real sector.Keywords: Islamic Banking, Supporting, and Women’s Economic]]>
<![CDATA[Artificial Intelligence: Making crime easier in the world of finance? ]]>
<![CDATA[Hasan, Zulfikar]]>;
<![CDATA[Marisna, Diska Sendi]]>
<![CDATA[ AL-ARBAH: Journal of Islamic Finance and Banking Vol. 6 No. 2 (2024) ]]>
Publisher : <![CDATA[Universitas Islam Negeri (UIN) Walisongo Semarang ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.21580/al-arbah.2024.6.2.22187
<![CDATA[Purpose – This paper explores the dual role of artificial intelligence (AI) in the realm of finance, examining its potential to both enhance efficiency and exacerbate vulnerabilities to criminal activitiesMethod – The research methodology for this study focuses on exploring the relationship between artificial intelligence (AI) and its potential role in facilitating financial crimes. This section outlines the research design, data collection methods, data analysis techniques, and ethical considerationsResult – As AI technologies become increasingly integrated into financial systems, they offer unprecedented opportunities for streamlining operations, optimizing decision-making processes, and enhancing customer experiences. However, this digital transformation also presents new challenges, particularly in terms of security and fraud preventionImplication – By leveraging advanced algorithms and machine learning techniques, malicious actors may exploit AI-powered systems to perpetrate financial crimes with greater sophistication and scaleOriginality – This paper evaluates the implications of this evolving landscape, highlighting the need for robust regulatory frameworks, proactive risk management strategies, and ongoing collaboration between industry stakeholders and law enforcement agencies to mitigate the risks associated with AI-enabled financial crime]]>
<![CDATA[Detection of Sharia and Non-Sharia Stock Price Volatility Through Financial Performance and Firm Size Analysis (Comparative Study of LQ45 and JII30) ]]>
<![CDATA[Nani, Nani]]>;
<![CDATA[Syarifudin, Efi]]>;
<![CDATA[Mabruroh, Ahda Inayati]]>
<![CDATA[ AL-ARBAH: Journal of Islamic Finance and Banking Vol. 6 No. 2 (2024) ]]>
Publisher : <![CDATA[Universitas Islam Negeri (UIN) Walisongo Semarang ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.21580/al-arbah.2024.6.2.22206
<![CDATA[Purpose - This research aims to estimate the magnitude of the influence of assets measured using firm size and company profits measured by financial performance on the volatility of Sharia and non-sharia stock prices. Through this research, it is hoped that investors will be able to assess the company's achievements and anticipate investment failures in the future.Method - Quantitative research using a regression analysis approach by comparing two research subjects, namely non-shariah shares LQ45 and sharia shares JII30. This data collection is complemented by library research.Result - The results obtained are that Financial Performance and Firm Size have an influence on share price volatility, in both Sharia and non-sharia stocks. In general, these two stocks found fluctuating data on Financial Performance and Firm Size, followed by rises and falls in share prices. This study is proven by theoretical results, statistical analysis results, and financial data recapitulation results.Implication - The existence of a significant relationship between these variables provides information for investors in making investment decisions, where fundamental analysis can be carried out by looking at the financial reports of the target company (issuer) without forgetting the analysis of Financial Performance and Firm Size data.Originality - Research comparing Sharia and non-sharia stock indices is still rarely done because many previous studies only focused on one index.]]>
<![CDATA[Asymmetric impact of stokvel and banking sector efficiency in South Africa: Evidence from non-linear ARDL approach ]]>
<![CDATA[Ngcobo, Lindiwe]]>
<![CDATA[ AL-ARBAH: Journal of Islamic Finance and Banking Vol. 6 No. 2 (2024) ]]>
Publisher : <![CDATA[Universitas Islam Negeri (UIN) Walisongo Semarang ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.21580/al-arbah.2024.6.2.23068
<![CDATA[This study examines the impact of stokvel savings and banking sector efficiency in South Africa using the non-linear autoregressive distributed lag (NARDL) bound testing approach technique with economic time series data ranging from 2009Q4 to 2020Q2. The NARDL results shows that positive and negative shocks on banking sector efficiency exhibited a positive influence on stokvel savings. An improvement in banking sector efficiency would result in an increase in stokvel savings of approximately 0.33%, while a decline in banking sector efficiency would lead to increase in stokvel savings albeit at a marginally reduced level of approximately 32%. The results are statistically significant at 1% and 5% for a positive shock and a negative shock respectively. Insignificant results obtained when using gross domestic product growth as dependent variable. This implies that the N-ARDL is not an appropriate model for estimating GDPG. Statistically significant results were found at 5% when using money supply.]]>
