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[The Analysis Of Musyarakah Contract Sharing System Implementationin BPRS Saka Dana Mulia Kudus ]]>
<![CDATA[Huda, Nur]]>;
<![CDATA[Fajri, Fitri]]>
<![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.2019.1.1.4159
<![CDATA[Purpose - This research aims to know how the implementation of revenue sharing system to Musyarakah finance and to know the Conformity between the implementation done with Fatwa DSN No.08/DSN-MUI/IV/2000.Method - The study uses a qualitative descriptive approach with a type of case study research.Result - The results showed that a). the implementation of revenue sharing system to Musyarakah finance in BPRS Saka Dana Mulia uses projections or estimates between 1,75% - 2,5% multiplied by the bank's capital. This revenue sharing system has been determined at the beginning of the nominal magnitude of the result for which the customer must be deposited every month. But the bank continues to see the customer's business, when the customer's business suffered losses that are not caused by human error then the bank and the customer will renrenegotiate regarding the outcome.b). The implementation of Musyarakah finance to PT. BPRS Saka Dana Mulia which has been adjusted to Fatwa DSN No.08/DSN-MUI/IV/2000 located at the statement of ijab qabul, contract object (capital, work, andloss), Operational costs and disputes. While that is still not appropriate, that is in the part of the object contract about the profit.Implication - This research is only researching in PT. BPRS Saka Dana Mulia Kudus.Originality - there are differences in the division of sharing system between theories and practices implemented in BPRS Saka Dana Mulia. ]]>
<![CDATA[Quotation/Parenthesis Qur’an Verse Before Beginning Deed In The Structure Of Notary Deed In Sharia Financial Institutions’ Contract ]]>
<![CDATA[Usman, Sandi Aji]]>;
<![CDATA[Rasiam, Rasiam]]>
<![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.2019.1.1.4168
<![CDATA[Purpose - This research aims to reveal and describe the issue of Islamic financial institutions' contract structure, the practice of the Qur'an quotation/parenthesis in the notary deed structure in Sharia financial institutions ' contract.Method - The method used in this research is normative juridical, with the processing and analysis of data in a qualitative descriptive way, this research data is sourced from secondary data and supported by interviews from sources as supporting data Secondary. The approach is to study with the regulatory approach of legislation.Result - In Islamic Sharia or fatwa is not regulated about the structure of the deed on the deed authentic or under the hands, but which is governed only the principles or basic rules only. Structure of authentic deed made by notary official, especially the deed in financial institution that includes quotation of Qur'an verses using Indonesian language before deed title does not violate the provisions of UUJN.Implication - The absence of the form of the standard structure of sharia agreement both for sharia transactions and in particular sharia financial institutions should be the financial Services Authority in collaboration with the organization of Indonesian Notary Association (INI) who is already experts to Making authentic deed in the form of raw in accordance with UUNJ.Originality - The focus of this research is to reveal and describe the issue of Islamic financial institutions ' contract structure. ]]>
<![CDATA[Respons Of Islamic Stock Markets To Monetary Policy Empirical Evidence from Indonesia ]]>
<![CDATA[Rasyidin, Muhammad]]>;
<![CDATA[Sulong, Zunaidah]]>
<![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.2019.1.1.4437
<![CDATA[AbstractPurpose - The impact of stock market and capital formation on economic growth in Indonesia for the period of January 2015 – May 2019. This paper examines a long-run equilibrium relation between stock market, capital formation and economic growth and other control variables.Method - This study uses autoregressive distributed lag (ARDL) model.Result - Findings revealed that none of the models was stationary at level but were all stationary at first difference. There is not a short run significant relationship between stock market, capital formation and economic growth in Indonesia. In the long run, capital formation has a significant positive association on economic growth and a negative non-significant relationship between stock market and economic growth in Indonesia.Implication - This research is useful to know the response of Sharia market to monetary policy instruments in Indonesia so that the Sharia stock market strategy is potentially developing in the future to encourage the achievement of characteristics such as An alternative source of financing and investment for economic actors and able to facilitate risk mitigation needs for market participants and able to drive the efficiency of transactions in the market through the improvement of the quality of stock market infrastructure Sharia. Originality - The update of this research is response of Sharia stock market response to monetary policy instruments in Indonesia that are researched using ARDL models.]]>
<![CDATA[E-Money Based Boarding School Cooperative Development Model (Kopontren) As An Sharia Economic Acceleration Effort In Indonesia ]]>
<![CDATA[Marwini, Marwini]]>;
<![CDATA[Salam, Annisa Nur]]>
<![CDATA[ AL-ARBAH: Journal of Islamic Finance and Banking Vol. 2 No. 1 (2020) ]]>
Publisher : <![CDATA[Universitas Islam Negeri (UIN) Walisongo Semarang ]]>
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DOI: 10.21580/al-arbah.2020.2.1.5496
<![CDATA[AbstractPurpose - This research aims to know E-money based boarding school cooperative (Kopontren) development models.Method - This research is used descriptive qualitative by discussing the development of the co-model with sharia economic agreements and e-money as a transaction tool.Result - The results of the research showed three models, namely development model of Islamic boarding school cooperative (Kopontren) as community economy developer, model of sharia agreement implementation in Kopontren operations, and e-money application as transaction media in Kopontren business unit.Implication - This study uses the data from the study of literature.Originality- The paper looks into the development model of the co-op with e-money based. Previous studies have only focused on development models. This paper contributes to introducing the application of an inclusive financial system. ]]>
<![CDATA[Investor Behavior In Green Investment Information ]]>
<![CDATA[Puspitasari, Intan]]>;
<![CDATA[Wahyudi, Sugeng]]>;
<![CDATA[Pangestuti, Irene Rini Demi]]>
<![CDATA[ AL-ARBAH: Journal of Islamic Finance and Banking Vol. 2 No. 1 (2020) ]]>
Publisher : <![CDATA[Universitas Islam Negeri (UIN) Walisongo Semarang ]]>
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DOI: 10.21580/al-arbah.2020.2.1.5497
<![CDATA[AbstractPurpose - This study aims to analyze the behavior of investors towards voluntary disclosure in the form of green investment information.Method - This research is using qualitative descriptive method, the data will be taken and collected from several literatures and literature studies.Result - The result of this research indicates that there are investors’ behaviors in voluntary disclosure of green investment information.The first, green investor refers to the investors rejecting to the stocks that do not receive green investment, investor will react positively if a disclosure of green investment information stands.The second, the investors react negatively by giving pessimistic respond towards green investment, investors who do not have choice of shares from other companies.Implication - This study uses the data from study of literature.Originality - This research develops several old and new theories related to green investment and it is applied using certain different types of companies as the objects.]]>
<![CDATA[Factors That Affect Savings In Islamic Banking ]]>
<![CDATA[Rosyadah, Putri Cahya]]>;
<![CDATA[Arifin, Nur Rachmat]]>;
<![CDATA[Muhtadi, Ridan]]>;
<![CDATA[Safik, Mohamad]]>
<![CDATA[ AL-ARBAH: Journal of Islamic Finance and Banking Vol. 2 No. 1 (2020) ]]>
Publisher : <![CDATA[Universitas Islam Negeri (UIN) Walisongo Semarang ]]>
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DOI: 10.21580/al-arbah.2020.2.1.5499
<![CDATA[AbstractPurpose - The purpose of this study is to examine the effect of macroeconomic variables on the amount of savings in Islamic banks in Indonesia.Method - This study use quantitative research type using secondary data using OLS (ordinary least square) analysis which aims to examine the independent variable on the dependent variable.Result - The results of this study indicate that inflation and exchange rate variables do not affect the amount of savings, M2 variable has a positive and significant effect on the amount of savings. While the SBI variable has a negative and significant effect on the amount of savings.Implication - This study uses the data from Central bank of IndonesiaOriginality - This study uses several macroeconomic variables that are used to test its effect on the amount of savings in Islamic banking. By using secondary data taken from official government institutions for several years. The results show that macroeconomic variables greatly affect the customer's decision to save in Islamic banking.]]>
<![CDATA[Variables Determining For Impairment On Productive Assets In Islamic Banks In Indonesia ]]>
<![CDATA[nihayah, ana zahrotun]]>;
<![CDATA[Rifqi, Lathif Hanaifr]]>
<![CDATA[ AL-ARBAH: Journal of Islamic Finance and Banking Vol. 2 No. 1 (2020) ]]>
Publisher : <![CDATA[Universitas Islam Negeri (UIN) Walisongo Semarang ]]>
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DOI: 10.21580/al-arbah.2020.2.1.5539
<![CDATA[AbstractPurpose - This study aims to examine the effect of profit, productive assets, financing and problem financing on impairment on productive assets on Islamic banks in Indonesia.Method - Data used are secondary data obtained from the Islamic Banking Statistics report for the 2015-2019 period. The sample used in this study was 12 Islamic Commercial Banks and data processing using SPSS 25.0 software.Result - The results of this study indicate that the variable earning assets, financing and problem financing have a significant effect on the impairment on productive assets variable, while the profit variable does not have a significant effect on Impairment on productive assets variable.Implication - This study can be used as a reference by Islamic banks in determining the amount of Impairment on productive assets.Originality - This study analyzes the determinants of Impairment on productive assets at Islamic Banks.]]>
<![CDATA[Tawarruq Application in Islamic Banking: A Comparative Study between Malaysia and Indonesia ]]>
<![CDATA[Abdillah, Muhamad Yusuf]]>;
<![CDATA[Rabi, Mighfari Elsha]]>;
<![CDATA[Firli, Rizal Nazarudin]]>
<![CDATA[ AL-ARBAH: Journal of Islamic Finance and Banking Vol. 2 No. 1 (2020) ]]>
Publisher : <![CDATA[Universitas Islam Negeri (UIN) Walisongo Semarang ]]>
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DOI: 10.21580/al-arbah.2020.2.1.5540
<![CDATA[Tawarruq contract is one of financing instrument or product used by Islamic banks in solving cash liquidity issue, but unfortunately this tawarruq contract is still debatable since the Islamic scholars have different views related to the ability of this contract. Some allow, and some do not allow. The Sharia Committees in Malaysia through their fatwa have approved and legitimated theapplicationof tawarruqin Islamic Banks. While in Indonesia, DewanSyariahNasional (The National Sharia Board) does not allow Islamic banks to use thistawarruq contract. This paper aims to make comparative studies between Indonesia and Malaysia in the application of tawarruq contract which has been practised in Islamic banking based on the qualitative data which will explore more on its back ground, view of Islamic scholars, and legal framework used by both countries i.e. Malaysia and Indonesia. Recently tawarruqis applicable in Malaysia but not in Indonesia. Despite Malaysia has been earlier in establishing Islamic Banking than Indonesia, however Indonesia and Malaysia have similarities in many things such as social, culture, historical and even madzhab.This paper also aims to analyze specific reason of DSN in relation of impermissible tawarruqused by Islamic banking in Indonesia.]]>
<![CDATA[Risk Of Sharia Banking In Indonesia: Viewed From Types Of Financing ]]>
<![CDATA[Mashilal, Mashilal]]>
<![CDATA[ AL-ARBAH: Journal of Islamic Finance and Banking Vol. 2 No. 1 (2020) ]]>
Publisher : <![CDATA[Universitas Islam Negeri (UIN) Walisongo Semarang ]]>
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DOI: 10.21580/al-arbah.2020.2.1.5669
<![CDATA[AbstractPurpose - This study aims to analyze the influence of macroeconomic variables and specific variables of the bank on sharia bank credit risk in Indonesia based on the type of financing agreement. Islamic bank credit risks based on financing agreements consist of credit risk based on profit sharing, receivables and rent.Method - This study uses secondary time series data. The data used is the data of Sharia Commercial Banks in Indonesia from January 2015 to March 2019. The data analysis method uses Vector Autoregression (VAR) with Eviews 10 software tools.Result - Based on the results of the impulse response, the impact of shock on macroeconomic variables and banking-specific variables on sharia bank credit risk in general is almost the same except for credit risk based on rent in certain variables. Judging from the variance decomposition, in general the CAR variable has the greatest influence on the risk of Islamic bank credit in Indonesia.Implication - There must be an acceleration in strengthening the capital structure of Islamic banks in Indonesia.Originality- This research fills in the blanks about syariah bank credit risk based on the type of financing agreement. ]]>
<![CDATA[The Future Of Sharia Based Village Business Agencies Religious Response Management Of Village-Owned Enterprises In Central Lombok ]]>
<![CDATA[Suhirman, Suhirman]]>
<![CDATA[ AL-ARBAH: Journal of Islamic Finance and Banking Vol. 2 No. 1 (2020) ]]>
Publisher : <![CDATA[Universitas Islam Negeri (UIN) Walisongo Semarang ]]>
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DOI: 10.21580/al-arbah.2020.2.1.5677
<![CDATA[AbstractPurpose - This study aims to uncover and explain the opportunities and future of Village-Owned Enterprises (BUMDes) in Central Lombok managed by the Islamic financial system which is viewed from the perspective of the manager's religious response.Method - This research is a qualitative-descriptive research. Data collection methods using questionnaires and unstructured interviews. The data used in this study are primary data and analyzed qualitatively. The population of this study is the managers of BUMDes in Central Lombok with a sample of 52 people.Result - This research shows that based on organizational affiliation and Islamic character as well as Islamic commitment of managers, BUMDes in Central Lombok is very likely to be managed syariah. Whereas in terms of the manager's response to the sharia bank system and its products, the BUMDes argumentation that is not managed in a sharia way shows the opposite opportunity.Implication - Activists, practitioners, and Islamic economic stake holders need to provide education and dissemination to BUMDes managers and stakeholders about the advantages and strengths of sharia-based financial management, both in terms of religiosity and profitability.Originality- This study focuses on revealing the opportunities and future of Sharia-based BUMDes management from the perspective of the religious response of BUMDes managers in Central Lombok. ]]>
