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
185 Documents
<![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 ]]>
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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 ]]>
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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 ]]>
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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 ]]>
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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 ]]>
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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 ]]>
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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[Implementation Of Electronic Money In Developing Payment Transactions Through Islamic Economic Perspective ]]>
<![CDATA[Toyyibi, Abdul Majid]]>
<![CDATA[ AL-ARBAH: Journal of Islamic Finance and Banking Vol. 1 No. 1 (2019) ]]>
Publisher : <![CDATA[Universitas Islam Negeri (UIN) Walisongo Semarang ]]>
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DOI: 10.21580/al-arbah.2019.1.1.4098
<![CDATA[AbstractPurpose - By upholding the value of sharia principles economic activities. Electronic money is a financial transaction that is used by the community as a substitute for cash, and ottopay is part of it, to help become a financial intermediary with an electronic system through QR and billers.Method - The research is based on researching ottopay in its transactions by using a descriptive qualitative.Result - From the research method process used in the study resulted in the study that the implementation of ottopay in topping up by filling directly via the bank ATM or through an agent by clicking the wallet menu then top up and following the steps until the confirmation is successful and the balance is ready whenever it can be used.Implication - The existence of the Ottopay system is a support for the community to be able to think forward in the world of finance and technology, in addition, ottopay can be used as a business opportunity to provide benefits in the form of added value in the form of turnover that can be owned by merchants and can be used as additional income for the community. Originality - The implementation of ottopay between users and publishers and users and merchants is in accordance with the rules of the DSN MUI fatwa, therefore the benefits of the ottopay application can guarantee security, easy and practical use so that people's economic turnaround is faster because it has an electronic digital system.]]>
<![CDATA[Factors To Influence Employee Performance In Bank Tabungan Negara Sharia Semarang ]]>
<![CDATA[Ilahi, Avita Puji]]>;
<![CDATA[Afendi, Arif]]>
<![CDATA[ AL-ARBAH: Journal of Islamic Finance and Banking Vol. 1 No. 1 (2019) ]]>
Publisher : <![CDATA[Universitas Islam Negeri (UIN) Walisongo Semarang ]]>
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DOI: 10.21580/al-arbah.2019.1.1.4108
<![CDATA[AbstractPurpose - This research aimed to know the analysis of the influence of work experience, education, and work motivation on the employees’ performance of BTN Syariah KCS Semarang..Method - This research used primary data namely questionnaire which used Likert scale as the calculation scale, and also documentation given by the employees’ of BTN Syariah KCS Semarang. The samples of this research were 73 employees’. To analyse the data, the writer used multiple linier regression method and SPSS 16 version.Result - The result of the research showed that work experience had positive and significant effect toward employees’ performance, education had positive and significant effect toward employees’ performance, and work motivation had positive but nit significant effect toward employees’ performance. It showed that work experience, education, and work motivation had positive and significant effect toward employees’ performance.Implication - This study uses the data from only one Islamic bank.Originality - The paper looks into the determinant factors ofemployees’ performance at BTN Syariah Semarang. Previous studies have only focused on employees’ performance in conventional banks. On the other hand, this paper contributes to the empirical literature, giving a clearer picture of the determinants of employees’ performance of Islamic banks.]]>
<![CDATA[Risks Of Sharia Commercial Bank In Indonesia: Analysis Of Internal And External Factors ]]>
<![CDATA[Aufa, Erlinda Kurnia]]>;
<![CDATA[Dja'akum, Cita Sary]]>
<![CDATA[ AL-ARBAH: Journal of Islamic Finance and Banking Vol. 1 No. 1 (2019) ]]>
Publisher : <![CDATA[Universitas Islam Negeri (UIN) Walisongo Semarang ]]>
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DOI: 10.21580/al-arbah.2019.1.1.4137
<![CDATA[Purpose - This study aims to analyze the effect of inflation, gross domestic product (GDP), capital adequacy ratio (CAR), and financing to deposit ratio (FDR) to non performing financing (NPF) at Islamic Commercial Banks in Indonesia.Method - The research approach used is a quantitative approach. Determination of samples is done by purposive sampling method. The data used is secondary data, obtained from publication reports on the official website of each Sharia Commercial Bank, Bank Indonesia, and the Central Statistics Agency. The population in this study were all Islamic Commercial Banks registered in the Statistics of Islamic Banking in Indonesia for the period 2013-2017. Based on the specified criteria, five Sharia Commercial Banks were obtained as research samples. This study uses panel data regression analysis with the Fixed Effects Model approach which is processed through the Eviews 10 program.Result - The results of hypothesis testing show that partially Inflation has a positive but not significant effect on NPF, GDP has a significant negative effect on NPF, CAR has a negative but not significant effect on NPF, and FDR has a significant negative effect on NPF. Simultaneously inflation, GDP, CAR, and FDR have a significant effect on NPF.Implication - This study uses all data from commercial Islamic bank.Originality - This study analyzes the determining factors that influence financing risks from both internal and external factors.]]>
<![CDATA[The Role Of Intellectual Capital In Modernizing The Influence Of Good Corporate Governance And Sharia Compliance Of Sharia Banks ]]>
<![CDATA[Azizah, Iva Nur]]>;
<![CDATA[Senjani, Yayu Putri]]>
<![CDATA[ AL-ARBAH: Journal of Islamic Finance and Banking Vol. 1 No. 1 (2019) ]]>
Publisher : <![CDATA[Universitas Islam Negeri (UIN) Walisongo Semarang ]]>
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DOI: 10.21580/al-arbah.2019.1.1.4156
<![CDATA[Purpose - Improved financial performance of Islamic banks can be done by improving the system of corporate governance and sharia compliance. In addition to a good corporate governance system and sharia compliance, other factors such as intellectual capital in sharia banks can also improve financial performance. The purpose of this study was to determine the role of intellectual capital in moderating the effect of good corporate governance and sharia compliance on financial performance of sharia banks in 2013-2017.Method - Sampling technique used is purposive sampling. The analytical technique used is panel data regression test with software Eviews 9.Result - It is found that good corporate governance and Islamic Income Ratio have an effect on the financial performance of sharia banks which is poxied by return on assets. Besides that, intellectual capital modernizesgood corporate governance and Islamic Income Ratio on the financial performance of sharia banks, but it does not modernize sharia compliance which is proxied with Profit Sharing Ratio (PSR) and Zakat Performing Ratio (ZPR).Implication - This study uses the data from 14 islamic commercial banks in Indonesia.Originality - The papers look into the role of intellectual capital variables in the relationship of good corporate governance and sharia compliance to the financial performance.]]>
