cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
Hazas Syarif
Contact Email
hazassyarif@radenintan.ac.id
Phone
+6282323262388
Journal Mail Official
almashrof@radenintan.ac.id
Editorial Address
Fakultas Ekonomi dan Bisnis Islam Universitas Islam Negeri Raden Intan Lampung Jl. Let. H. Endro Suratmin, Sukarame Bandar Lampung telp: (0721) 703260, Kode Pos 35131
Location
Kota bandar lampung,
Lampung
INDONESIA
Al-Mashrof: Islamic Banking and Finance
Published by Universitas Islam Negeri Raden Intan Lampung
ISSN : 27747166     EISSN : 27463877     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
Al-Mashrof : focused on primary studies: Islamic Finance, Islamic Banking, Islamic Accounting, Islamic Management, and halal markets, has initiated the development of global economic advantages. Islamic based economics could not be seen as independent variable standing on side-by-side with conventional economic system. Al-Mashrof Journal of Islamic Banking and Finance is dedicated to provide an intellectual space of scholarly discussion how the Islamic economics able to create the new global formation of Islamic economics, business and similar issues.
Arjuna Subject : Umum - Umum
Articles 70 Documents
 3   4   5   6   7 
The Integration of Financial Literacy, Financial Attitude, and Financial Motivation in Shaping Sharia Compliant Financial Management Behavior Rosilawati, Weny; Aisyah Balqis; Maya Meilia
Al-Mashrof: Islamic Banking and Finance Vol. 6 No. 2 (2025): Al-Mashrof: Islamic Banking and Finance
Publisher : Universitas Islam Negeri Raden Intan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/48avc909

Abstract

This study examines the effects of financial literacy, financial attitude, and financial motivation on financial management behavior among residents of Sukarame District, Bandar Lampung, from an Islamic economic perspective. A quantitative approach was applied using survey data collected from 100 respondents selected through purposive sampling. The data were analyzed using PLS-SEM with SmartPLS 4. The findings reveal that financial literacy, financial attitude, and financial motivation each have a positive and significant influence on financial management behavior. From an Islamic perspective, these behaviors reflect the principles of trustworthiness (amanah), moderation, transparency, and social responsibility, as emphasized in Sharia teachings.This study contributes to the literature on Islamic financial behavior by integrating cognitive, psychological, and motivational dimensions into a unified sharia-based behavioral framework, providing both theoretical enrichment and practical implications for Islamic financial education and policy. Keywords: Financial Literacy; Financial Attitude; Financial Motivation; Financial Management Behavior; Islamic Economics.
Dupont System Analysis  in Measuring The Financial Performance of PT. Antam Tbk Pre and Post Bullion Bank Saputra, Bayu Akbar; Faizah, Iva; Carmidah
Al-Mashrof: Islamic Banking and Finance Vol. 6 No. 2 (2025): Al-Mashrof: Islamic Banking and Finance
Publisher : Universitas Islam Negeri Raden Intan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/fxhc1290

Abstract

Changes in the dynamics of the national gold industry and the implementation of the Bullion Bank policy require an evaluation of the financial performance of mining companies, particularly PT Aneka Tambang Tbk as a strategic state-owned enterprise in the precious metals sector. This study examines the financial performance of PT Aneka Tambang Tbk before and after the implementation of the Bullion Bank policy using the DuPont System approach. The analysis focuses on Net Profit Margin, Total Asset Turnover, Equity Multiplier, and Return on Equity, based on secondary data from the company’s financial reports for the first to third quarters of 2024 and 2025. The results show improvements in all DuPont ratios after the policy implementation, primarily driven by more effective asset utilization. However, these ratios remain below industry standards, indicating that the company’s financial performance has not yet reached an optimal level. This study contributes to financial management literature by providing empirical evidence on the impact of the Bullion Bank policy on the performance of gold mining companies. Keywords: Financial Performance, DuPont System, PT ANTAM Tbk, Bullion Bank
Determinants of Micro, Small, and Medium Enterprise (MSME) Financing Distribution by Indonesian Sharia Commercial Banks for the Period 2019-2023 Wijayanti, Arista; Muhfiatun
Al-Mashrof: Islamic Banking and Finance Vol. 6 No. 2 (2025): Al-Mashrof: Islamic Banking and Finance
Publisher : Universitas Islam Negeri Raden Intan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/gkkw9r62

Abstract

This study aims to analyze the influence of bank size, Return on Assets (ROA), and Third Party Funds (TPF) on financing disbursement to MSMEs, with economic growth as a moderating variable. The study sample consisted of 10 Islamic Commercial Banks registered with the Financial Services Authority (OJK) during 2019-2023. Data analysis used e-views software using a panel data regression model using the Fixed Effect Model (FEM). The results show that bank size has a significant positive effect on MSME financing disbursement, while ROA and TPF have a significant negative effect. Economic growth can moderate the relationship between bank size and MSME financing, weakening its impact on MSME financing disbursement. Furthermore, economic growth can moderate and strengthen the relationship between ROA and TPF on MSME financing disbursement.   Keywords: MSME Financing, bank size, Return on Assets (ROA), Third Party Funds (TPF), economic growth
Comparing the Resilience of Sharia-Compliant and Conventional Equities: The Influence of Macroeconomic Determinants on ISSI and JCI Akhmadi , Ali
Al-Mashrof: Islamic Banking and Finance Vol. 7 No. 1 (2026): Al-Mashrof: Islamic Banking and Finance
Publisher : Universitas Islam Negeri Raden Intan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/14rp3w11

Abstract

This study examines the comparative resilience of Sharia-compliant and conventional equities during the post-pandemic high interest-rate period (2021–2025). Using weekly data and VECM, IRF, and Variance Decomposition, the research analyzes the Indonesia Sharia Stock Index (ISSI) and the Jakarta Composite Index (JCI) in response to interest rate, inflation, and exchange rate shocks. The findings reveal that ISSI demonstrates stronger structural resilience, reflected in lower interest-rate sensitivity, faster mean reversion (12 weeks compared to 15 weeks for JCI), and a smaller volatility contribution from monetary shocks (8.12% vs. 22.14%). These results shift the perspective from a “Safe Haven” view toward a “Structural Dampening” framework, indicating that Sharia screening functions as a systemic risk filter and positions the Sharia capital market as a structural hedge against monetary policy uncertainty. Keywords: Resilience, Macroeconomics, ISSI, JCI, Interest Rate Shock.
The Effect of the Dow Jones Industrial Average and the Shanghai Stock Exchange on the IDX Composite Amanda, Devita Rezkia; Faizah, Iva; Yunarti, Yuyun
Al-Mashrof: Islamic Banking and Finance Vol. 7 No. 1 (2026): Al-Mashrof: Islamic Banking and Finance
Publisher : Universitas Islam Negeri Raden Intan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/kyzfz305

Abstract

The relationship between the Dow Jones Industrial Average and the Shanghai Stock Exchange Index to the IDX Composite is the main focus of this study. As an open market, the performance of the IDX Composite is influenced by several factors, particularly the trade war between the United States and China, the two largest economies in the world, which has been ongoing since early 2018. Using secondary data in the form of monthly closing prices of the Dow Jones Industrial Average, the Shanghai Stock Exchange, and the IDX Composite from 2018 to 2024, this study uses a quantitative approach. Multiple linear regression analysis is used to examine the extent to which the Dow Jones Industrial Average and the Shanghai Stock Exchange influence the IDX Composite. The results of this study are expected to provide a deeper understanding of how the Indonesian capital market interacts with the global stock market. The findings indicate that, partially, the Dow Jones Industrial Average has a significant positive influence on the IDX Composite during the 2018–2024 period, while the Shanghai Stock Exchange has a significant negative influence on the IDX Composite. Simultaneously, the Dow Jones Industrial Average and the Shanghai Stock Exchange have a significant influence on the IDX Composite during the same period. Keywords: DJIA, IDX COMPOSITE, SSE, Global Stock Market, Economic Growth.
Profitability Ratio Analysis in Measuring Financial Performance of Islamic Banking Companies Listed on the IDX in 2023-2024 Heryanto, M Fajar Rizky; Sari, Reonika Puspita; Fahlevi, Muhammad Ryan
Al-Mashrof: Islamic Banking and Finance Vol. 7 No. 1 (2026): Al-Mashrof: Islamic Banking and Finance
Publisher : Universitas Islam Negeri Raden Intan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/0dn57h47

Abstract

Islamic banking in Indonesia continues to record positive asset growth, but this development is not always followed by stable profitability. Fluctuating economic conditions during the 2023-2024 period created challenges for Islamic banks in maintaining financial performance. This study aims to analyze the profitability performance of Islamic banking companies listed on the Indonesia Stock Exchange during 2023-2024 using GPM, NPM, ROA, and ROE ratios. This research used a descriptive quantitative method with secondary data obtained from the quarterly financial reports of Bank Syariah Indonesia, Bank Aladin Syariah, and BTPN Syariah. The results show that the profitability performance of Islamic banks fluctuated in each quarter. Bank Syariah Indonesia showed relatively good profitability performance with ROA in fairly good condition. Bank Aladin Syariah still recorded negative profits, causing ROA and ROE to remain below industry standards. Meanwhile, BTPN Syariah showed very good profitability performance, especially in the ROA ratio which was above industry standards. Overall, the growth of Islamic banking during 2023-2024 has not been fully supported by optimal profitability, so better operational efficiency and more effective asset and capital management are still needed.   Keywords:  Financial performance, financial statement analysis, Islamic banking
The Effect of QRIS Transaction Value on the Velocity of Money in Indonesia: The Moderating Role of Inflation and an Islamic Economic Perspective, 2020 - 2024 habib, habiburrahman; Zathu Restie Utamie; Alhadi Kurnia Thoyib
Al-Mashrof: Islamic Banking and Finance Vol. 7 No. 1 (2026): Al-Mashrof: Islamic Banking and Finance
Publisher : Universitas Islam Negeri Raden Intan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/ffjndx33

Abstract

The digitalization of payment systems has transformed transaction behavior and monetary circulation in Indonesia, particularly through the implementation of the Quick Response Code Indonesian Standard (QRIS). This study aims to analyze the effect of QRIS on the velocity of money in Indonesia during the 2020 - 2024 period and to examine whether inflation moderates this relationship. This research employs a quantitative approach using monthly time-series secondary data from January 2020 to December 2024, resulting in 60 observations. The QRIS variable is measured by the value of QRIS transactions and transformed into a natural logarithm (LnQRIS), while the velocity of money is calculated by dividing nominal Gross Domestic Product by broad money supply (M2). Inflation is measured using the consumer price index-based inflation rate. The data were obtained from Bank Indonesia and Statistics Indonesia/Badan Pusat Statistik. The analytical methods used in this study are simple linear regression and Moderated Regression Analysis (MRA), supported by classical assumption and time-series diagnostic tests. The results show that QRIS has a positive and significant effect on the velocity of money in Indonesia. This finding indicates that QRIS contributes to faster monetary circulation through payment efficiency, transaction accessibility, and digital financial inclusion. Meanwhile, inflation does not significantly moderate the relationship between QRIS and the velocity of money. This suggests that the effect of QRIS on monetary circulation operates primarily through technological and transactional efficiency rather than through price-level dynamics. From an Islamic economic perspective, QRIS may support more efficient, transparent, and productive economic transactions, as long as its use remains aligned with the principles of justice, halal transactions, and the avoidance of excessive consumption. Keywords: QRIS, Velocity of Money, Inflation, Digital Payment, Islamic Economics
Digital Public Financial Management, Accrual Accounting, and Sharia Accountability in Local Governments: A Structured Literature Review and Integrative Conceptual Framework Kurniawan, Agus; M. Iqbal DK; Okta Supriyaningsih
Al-Mashrof: Islamic Banking and Finance Vol. 7 No. 1 (2026): Al-Mashrof: Islamic Banking and Finance
Publisher : Universitas Islam Negeri Raden Intan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/ez5yyr36

Abstract

Digital transformation has fundamentally reshaped public financial management (PFM), increasing the need for transparent, accountable, and high-quality financial reporting. Although previous studies have examined digital PFM, accrual accounting, and public accountability, limited research has integrated these perspectives, particularly within local governments and from the perspective of Sharia accountability. This study addresses this gap through a Structured Literature Review (SLR) of peer-reviewed articles and international policy reports published between 2016 and 2025. The review employed a transparent and replicable search strategy, followed by thematic coding and qualitative synthesis to identify key research themes, implementation challenges, and future research directions. The findings reveal that successful accrual accounting implementation depends not only on regulatory compliance but also on digital PFM capability, effective internal controls, organizational competence, and sound institutional governance. Digital financial management systems improve reporting quality by enhancing data integration, process automation, and auditability; however, their effectiveness relies on robust governance structures, reliable data, and continuous professional capacity development. The review further highlights that Sharia accountability complements conventional public accountability by emphasizing transparency, stewardship (amanah), ethical governance, and compliance with Islamic principles. This study contributes by proposing an integrative conceptual framework linking digital PFM capability, accrual accounting quality, fiscal transparency, and Sharia accountability. It also identifies key mediating and moderating mechanisms influencing accountability outcomes and outlines a future research agenda for digital governance reforms in local governments. The findings provide practical insights for policymakers, regulators, auditors, and public-sector managers seeking to strengthen public financial governance in the digital era.   Keywords: Third-Party Funds; Murabahah Financing; Profitability; Return on Assets; Bank Muamalat Indonesia
Profitability of Sharia Banks in Indonesia: An Analysis of Third-Party Funds and Murabahah Financing at Bank Muamalat Indonesia Rosilawati, Weny; Maya Meilia; Putri Fitriyani
Al-Mashrof: Islamic Banking and Finance Vol. 7 No. 1 (2026): Al-Mashrof: Islamic Banking and Finance
Publisher : Universitas Islam Negeri Raden Intan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/sydf0f69

Abstract

The profitability of Islamic banks is a key indicator of how effectively banks perform their intermediation function, particularly in mobilizing Third-Party Funds and allocating them through sharia-compliant financing. This study examines the effect of Third-Party Funds and murabahah financing on the profitability of Bank Muamalat Indonesia during the 2015–2024 period. This research applies a quantitative approach using secondary data from the quarterly financial statements of Bank Muamalat Indonesia. The sample consists of 40 quarterly observations selected through purposive sampling. Profitability is measured by Return on Assets, while Third-Party Funds and murabahah financing serve as independent variables. The data were analyzed using multiple linear regression with EViews 10. The findings show that Third-Party Funds have a positive and significant effect on profitability, and murabahah financing also has a positive and significant effect on profitability. Simultaneously, both variables significantly explain profitability, with an R-squared value of 66.69%. The novelty of this study lies in its institutional focus on Bank Muamalat Indonesia as the first Islamic commercial bank in Indonesia and its use of long-term quarterly data to highlight the role of fund mobilization and financing allocation as indicators of sharia intermediation effectiveness.   Keywords: Third-Party Funds; Murabahah Financing; Profitability; Return on Assets; Bank Muamalat Indonesia
Behavioral Economics and Islamic Financial Consumer Protection in ASEAN: A Conceptual Framework Muhfiatun
Al-Mashrof: Islamic Banking and Finance Vol. 7 No. 1 (2026): Al-Mashrof: Islamic Banking and Finance
Publisher : Universitas Islam Negeri Raden Intan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/taxd1p51

Abstract

Islamic financial consumers increasingly encounter complex contracts, digital interfaces, personalized marketing, and cross-channel fraud risks. Conventional consumer protection, which relies mainly on disclosure and formal compliance, may be ineffective when decisions are shaped by bounded rationality, limited attention, present bias, overconfidence, framing, and social influence. This study develops an integrative conceptual framework for consumer protection in selected ASEAN jurisdictions, focusing on Indonesia, Malaysia, Singapore, and Brunei Darussalam. A structured integrative review synthesizes peer-reviewed literature, international standards, and current regulatory documents concerning behavioral economics, Islamic finance, digital finance, and market conduct. The analysis identifies four complementary protection mechanisms: regulatory protection, behavioral protection, digital protection, and Sharia governance. These mechanisms are proposed to strengthen consumer capability and produce calibrated institutional, technological, and Sharia trust. The framework further links calibrated trust to decision quality, reduced exposure to mis-selling and fraud, effective redress, consumer welfare, and responsible financial inclusion. The study contributes by explicitly incorporating behavioral and digital vulnerabilities into Islamic financial consumer protection and by formulating seven propositions for future empirical testing. Policy implications include plain-language disclosure, suitability-by-design, dark-pattern and sludge audits, secure complaint channels, and verifiable Sharia assurance. Keywords: behavioral economics; consumer protection; Islamic finance; digital finance; ASEAN

Page 7 of 7 | Total Record : 70

 3   4   5   6   7 

Filter by Year

2020 2026


Reset
Filter By Issues
All Issue Vol. 7 No. 1 (2026): Al-Mashrof: Islamic Banking and Finance Vol. 6 No. 2 (2025): Al-Mashrof: Islamic Banking and Finance Vol. 6 No. 1 (2025): Al-Mashrof: Islamic Banking and Finance Vol. 5 No. 2 (2024): Al-Mashrof: Islamic Banking and Finance Vol. 5 No. 1 (2024): Al-Mashrof: Islamic Banking and Finance Vol. 4 No. 2 (2023): Al-Mashrof: Islamic Banking and Finance Vol. 4 No. 1 (2023): Al-Mashrof: Islamic Banking and Finance Vol. 3 No. 2 (2022): Al - Mashrof: Islamic Banking and Finance Vol. 3 No. 1 (2022): Al - Mashrof: Islamic Banking and Finance Vol. 2 No. 2 (2021): Al - Mashrof: Islamic Banking and Finance Vol. 2 No. 1 (2021): Al - Mashrof: Islamic Banking and Finance Vol. 1 No. 2 (2020): Al - Mashrof: Islamic Banking and Finance More Issue