Garuda - Garba Rujukan Digital

All

Islamic Banking : Jurnal Pemikiran dan Pengembangan Perbankan Syariah

isbank
Website

Published by Sekolah Tinggi Ekonomi dan Bisnis Syariah Indo Global Mandiri Palembang

ISSN : 24609595 EISSN : 26865149 DOI : https://doi.org/10.36908/isbank

Core Subject : Economy, Humanities, Science, Education, Social,

Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Social Sciences

Islamic Banking : Jurnal Pemikiran dan Pengembangan Perbankan Syariah is an open access peer-reviewed online journal that provides a forum for sharing scientific studies on Islamic economics and banking. Editors welcome articles and research reports that address current issues such as: sharia economics, sharia business, sharia banking and sharia management.

Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)

Articles 209 Documents

17 18 19 20 21

The Effect of Work Life Balance, Compensation And Work Environment On Employee Loyalty At Telkom Schools Regional Medan Yonathan Natanael Waruwu; Tri Bobi Boni Pasius Sianipar; Roy Dedi Ansarika; Tika Arizona Febriani
Islamic Banking : Jurnal Pemikiran dan Pengembangan Perbankan Syariah Vol. 11 No. 2 (2026): Islamic Banking:Jurnal Pemikiran dan Pengembangan Perbankan Syariah - Februari
Publisher : Sekolah Tinggi Ekonomi dan Bisnis Syariah (STEBIS) Indo Global Mandiri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36908/isbank.v11i2.1780

This study aims to examine the effect of work-life balance, compensation, and work environment on employee loyalty at Telkom Schools Regional Medan. Employee loyalty is a crucial factor for organizational sustainability, particularly in the context of modern human resource management. This research employs a quantitative approach with a causal associative design. The population consisted of all 85 employees of Telkom Schools Regional Medan, and a saturated sampling technique was applied so that the entire population served as the research sample. Data were collected through a structured questionnaire using a five-point Likert scale and analyzed using multiple linear regression with SPSS. The results show that work-life balance, compensation, and work environment simultaneously have a positive and significant effect on employee loyalty. Partially, each independent variable also demonstrates a positive and significant influence on employee loyalty. The coefficient of determination indicates that 64.2% of employee loyalty is explained by the three independent variables, while the remaining 35.8% is influenced by other factors outside the model. These findings highlight the importance of implementing balanced work-life policies, fair compensation systems, and a supportive work environment to strengthen employee loyalty.

Market Risk Measurement of Sharia Stock Portfolios Using Monte Carlo–Based Var: Evidence From An Indonesian Sharia Insurance Company Wahri Irawan; Mochamad Indrajit Roy; Fitri Raya; Ikin Ainul Yakin; Rustamunadi Rustamunadi
Islamic Banking : Jurnal Pemikiran dan Pengembangan Perbankan Syariah Vol. 11 No. 2 (2026): Islamic Banking:Jurnal Pemikiran dan Pengembangan Perbankan Syariah - Februari
Publisher : Sekolah Tinggi Ekonomi dan Bisnis Syariah (STEBIS) Indo Global Mandiri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36908/isbank.v11i2.1791

This study aims to evaluate the investment risk of PT A's sharia stock portfolio during the period of May-August 2025 using the Value at Risk (VaR) approach. The research sample consists of nine stocks listed in the Sharia Securities List (DES), comparing the Parametric VaR and Monte Carlo Simulation methods in measuring the aggregate risk of cross-sector portfolios. The results show that the Monte Carlo approach produces risk estimates that are more responsive to abnormal return distributions and contain fat tail phenomena compared to the parametric method. Based on validity testing (backtesting), the Monte Carlo VaR model is statistically valid at a 95% confidence level with a VaR value of −2.74%, but it is not valid at a 99% confidence level because it fails to capture extreme price movements. These findings indicate that even though diversification has been applied, PT A's portfolio risk remains higher than the sharia market risk due to weight concentration in volatile sectors such as petrochemicals and minerals. Therefore, 95% VaR is recommended as the basis for determining daily operating capital reserves in order to maintain the Risk-Based Capital (RBC) ratio above the minimum regulatory limit set by the Financial Services Authority of 120%, while continuing to supplement risk measurement through additional risk mitigation in extreme market conditions.

Capital Structure and Technology Investment on Profit Growth: The Moderating Role of Operational Efficiency in ASEAN Islamic Banks Fahmi Ilham Fadjar; Ulfi Kartika Oktaviana
Islamic Banking : Jurnal Pemikiran dan Pengembangan Perbankan Syariah Vol. 12 No. 1 (2026): Islamic Banking:Jurnal Pemikiran dan Pengembangan Perbankan Syariah - Agustus
Publisher : Sekolah Tinggi Ekonomi dan Bisnis Syariah (STEBIS) Indo Global Mandiri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36908/isbank.v12i1.1824

This study examines the effect of capital structure and technology investment, proxied by non-interest expenses, on profit growth, with operational efficiency serving as a moderating variable in ASEAN Islamic banks. Unlike previous studies that primarily examine operational efficiency as a direct determinant of financial performance, this study evaluates its moderating role while employing non-interest expenses as an operational proxy for technology investment in the ASEAN Islamic banking context. Panel data from 26 Islamic banks during 2020–2024 were analyzed using the Random Effects Model (REM) and Moderated Regression Analysis (MRA). The results indicate that capital structure has no significant effect on profit growth (β = –28.942; p = 0.454), whereas technology investment has a positive and significant effect (β = 75.824; p = 0.004). Operational efficiency does not significantly moderate the relationship between capital structure and profit growth (β = 13.701; p = 0.173), but it significantly moderates the relationship between technology investment and profit growth through a negative interaction effect (β = –51.815; p = 0.037), indicating that the profitability benefits of technology investment depend on efficient operational cost management. These findings provide empirical evidence that technology investment contributes to sustainable profit growth only when supported by operational efficiency, thereby extending the application of X-Efficiency Theory in explaining financial performance within ASEAN Islamic banks.

The Effect of Streamer Intimacy On Impulse Buying Behavior: The Mediating Role of Fear Of Missing Out Among Indonesian Live Streaming Commerce Users Astika Ulfah Izzati; Andriansyah Bari; Frianka Anindea; Rizal Afif Abdullah Napitupulu; Nabila Nur Aisyah; Fairuz Thansril Wijaya; Joslin Putri Sarjono
Islamic Banking : Jurnal Pemikiran dan Pengembangan Perbankan Syariah Vol. 12 No. 1 (2026): Islamic Banking:Jurnal Pemikiran dan Pengembangan Perbankan Syariah - Agustus
Publisher : Sekolah Tinggi Ekonomi dan Bisnis Syariah (STEBIS) Indo Global Mandiri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36908/isbank.v12i1.1896

Live streaming commerce has experienced rapid growth in Indonesia, creating new forms of consumer engagement that may encourage impulse buying. Among the psychological mechanisms frequently discussed are parasocial interaction, which reflects consumers’ perceived closeness with streamers, and fear of missing out (FoMO). Although previous studies have examined these constructs, findings regarding the mediating role of FoMO remain inconsistent, particularly in the context of Indonesian live streaming commerce. This study investigates the relationships among parasocial interaction, FoMO, and impulse buying, with a particular focus on the mediating role of FoMO. A quantitative cross-sectional design was employed using data collected from 318 active live streaming commerce users in Indonesia through an online survey. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The findings indicate that parasocial interaction significantly increases FoMO and directly influences impulse buying, while FoMO also positively contributes to impulse buying. In addition, FoMO partially mediates the relationship between parasocial interaction and impulse buying, suggesting that consumers’ emotional responses to missing limited opportunities reinforce the effect of streamer–consumer relationships on purchasing decisions. Rather than proposing a completely new mechanism, this study extends previous research by providing empirical evidence that supports the sequential relationship between parasocial interaction, FoMO, and impulse buying within the Indonesian live streaming commerce context, where such evidence remains limited. The findings offer practical implications for MSMEs and content creators in developing ethical engagement strategies that strengthen consumer relationships while encouraging responsible purchase decisions.

Implementation of Islamic Economic Principles In The Employee Reward System At BMT Marhamah Purworejo Heny Rahmawati; Imam Turmudi; Siti Chasanah
Islamic Banking : Jurnal Pemikiran dan Pengembangan Perbankan Syariah Vol. 12 No. 1 (2026): Islamic Banking:Jurnal Pemikiran dan Pengembangan Perbankan Syariah - Agustus
Publisher : Sekolah Tinggi Ekonomi dan Bisnis Syariah (STEBIS) Indo Global Mandiri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36908/isbank.v12i1.1908

Essentially, the workplace requires human resources with a strong work ethic and high motivation to drive increased productivity and demonstrate commitment to achieving established goals. To foster and maintain consistent and even increasing work enthusiasm, one important aspect that needs to be considered is the implementation of a reward system. This study aims to determine the application of rewards to employee productivity at BMT Marhamah. This study uses a descriptive qualitative approach with data collection methods through observation, interviews, and documentation. Secondary data sources were obtained from the results of a library study through literature supporting this research. The results show that BMT Marhamah Purworejo in implementing a reward system has integrated modern management principles with Islamic values. However, its effectiveness is still not optimal due to issues of consistency, transparency, and objectivity. Simultaneously, the reward system implemented at BMT Marhamah Purworejo has proven ineffective in encouraging employee productivity, discipline, and work quality.

Integrating Rahn And Takaful Contracts For Sharia Financial Protection: A Maqāṣid Al-Shari’ah Perspective Choirunnisak Choirunnisak; Joko Setyono
Islamic Banking : Jurnal Pemikiran dan Pengembangan Perbankan Syariah Vol. 12 No. 1 (2026): Islamic Banking:Jurnal Pemikiran dan Pengembangan Perbankan Syariah - Agustus
Publisher : Sekolah Tinggi Ekonomi dan Bisnis Syariah (STEBIS) Indo Global Mandiri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36908/isbank.v12i1.1921

This study explores the integration of rahn and takaful contracts as a mechanism for strengthening Islamic financial protection from the perspective of Maqāṣid al-Sharī‘ah. Employing a qualitative library research approach, the study reviews and synthesizes relevant scholarly articles, books, and regulatory documents using thematic content analysis. The findings suggest that the integration of rahn and takaful creates a complementary system that combines financing access with risk protection. This integration enhances financial resilience and supports the realization of ḥifẓ al-māl (protection of wealth), one of the fundamental objectives of Maqāṣid al-Sharī‘ah. Based on the literature synthesis, the study proposes a Rahn–Takaful Integrated Protection Model that links financing, risk mitigation, and wealth preservation within a unified Islamic financial framework. The study contributes to the literature by offering a Maqāṣid al-Sharī‘ah-based conceptual framework for Islamic financial protection. However, the proposed model remains conceptual and requires empirical validation in different Islamic financial institutions and contexts.

Reconstructing The Islamic Investment Fund Management Model Of Danantara: A Maqasid Al-Shariah And Shariah Compliance Analysis Mahmud Yusuf Yusuf
Islamic Banking : Jurnal Pemikiran dan Pengembangan Perbankan Syariah Vol. 11 No. 2 (2026): Islamic Banking:Jurnal Pemikiran dan Pengembangan Perbankan Syariah - Februari
Publisher : Sekolah Tinggi Ekonomi dan Bisnis Syariah (STEBIS) Indo Global Mandiri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36908/isbank.v11i2.1938

The rapid expansion of the global Islamic finance industry has heightened the need for investment models that uphold not only formal Shariah compliance but also the higher objectives of Islamic law (Maqasid al-Shariah). This study critically examines the case of Danantara, an Islamic investment fund operating under a hybrid equity-debt structure, to assess the extent of its alignment with Maqasid al-Shariah principles particularly Hifz al-Mal (wealth preservation), ‘Adl (justice), and Maslahah (public welfare). The analysis reveals significant gaps in Danantara’s current model, including weak ethical diversification, inconsistent purification mechanisms for non-permissible income, and opaque fee structures that undermine transparency and justice. To address these deficiencies, the study proposes a reconstructed fund management model that integrates strengthened Shariah governance, mandatory third-party audits, and a shift toward positive-impact investments such as green sukuk and healthcare. It also recommends standardized disclosure practices for Shariah non-compliance and purification reporting to enhance investor trust. Guided by Jasser Auda’s systems approach to Maqasid al-Shariah and the compliance standards of AAOIFI and IFSB, this reconstructed model aims to bridge the gap between technical legality and ethical substance. The findings offer a practical blueprint for transforming Islamic fund governance and advancing the industry's contribution to social and environmental well-being.

A Sharia Risk Taxonomy for Multi-Akad Banking Contracts Anik Anik; Yazid Afandi; Anom Garbo
Islamic Banking : Jurnal Pemikiran dan Pengembangan Perbankan Syariah Vol. 12 No. 1 (2026): Islamic Banking:Jurnal Pemikiran dan Pengembangan Perbankan Syariah - Agustus
Publisher : Sekolah Tinggi Ekonomi dan Bisnis Syariah (STEBIS) Indo Global Mandiri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36908/isbank.v12i1.1944

challenges that may not be adequately identified by assessing each constituent contract separately. This study aims to develop a conceptual taxonomy of Sharia compliance risks arising from the interaction between contracts and to propose a structured framework for supervising multi-akad products in Indonesian Islamic banking. The study employs a qualitative normative approach through structured analysis of selected DSN-MUI fatwas, Indonesian banking regulations, Islamic economic law documents, and relevant academic literature. The analysis involves contract decomposition, identification of legal and operational interfaces, classification of potential exposure to riba, gharar, and maisir, and interpretation through maqāṣid al-Sharīʿah principles. Three selected contract configurations are examined: murabahah–ijarah, murabahah-wakalah, and musharakah mutanaqishah. The analysis suggests that compliance vulnerabilities may arise not only within individual contracts but also from their sequencing, ownership transfer, pricing mechanisms, disclosure requirements, and risk allocation. Based on these conceptual findings, the study proposes a Sharia Risk Taxonomy and an integrated Sharia Compliance and Risk Management framework comprising a maqāṣid-based evaluation grid, an interface risk protocol, a dual-competence Sharia Supervisory Board model, and a dynamic monitoring system. As a normative-conceptual study, the proposed framework has not been empirically validated and should therefore be tested through product-level case studies, expert assessment, and institutional implementation research.

The Influence Of Return On Investment (ROI) To Price To Book Value (PBV) Fadilla Fadilla; Dika Perkasa; Akbar Maulana
Islamic Banking : Jurnal Pemikiran dan Pengembangan Perbankan Syariah Vol. 12 No. 1 (2026): Islamic Banking:Jurnal Pemikiran dan Pengembangan Perbankan Syariah - Agustus
Publisher : Sekolah Tinggi Ekonomi dan Bisnis Syariah (STEBIS) Indo Global Mandiri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36908/isbank.v12i1.1953

This study aims to analyze the effect of profitability proxied by Return on Investment (ROI) on firm value, proxied by Price to Book Value (PBV). The study was conducted on companies from five ASEAN countries, with a sample size of 149 companies. Purposive sampling was employed as the sampling technique. Simple linear regression was used as the analysis method, using SPSS software. The results indicate that Return on Investment (ROI) has a significant effect on Price to Book Value (PBV) , evidenced by a significant value of 0.002. These findings suggest that a higher ROI corresponds to a higher Price to Book Value (PBV) for the company.

Page 21 of 21 | Total Record : 209

17 18 19 20 21

Filter by Year

2015 2026

Filter By Issues

Home Page

OAI Link

Editorial Team

Contact

Reviewer

Google Scholar

Contact Name
Ahmad Tohir

Contact Email
isbank@stebisigm.ac.id

Phone
+6281315545733

Journal Mail Official
isbank@stebisigm.ac.id

Editorial Address
Jl. Jend. Sudirman KM.4 No.629, 20 Ilir D. IV, Kec. Ilir Tim. I, Kota Palembang, Sumatera Selatan 30129

Location
Kota palembang,

Sumatera selatan

INDONESIA

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Home Page

OAI Link

Editorial Team

Contact

Reviewer

Google Scholar

Contact Name Ahmad Tohir

Contact Email isbank@stebisigm.ac.id

Phone +6281315545733

Journal Mail Official isbank@stebisigm.ac.id

Editorial Address Jl. Jend. Sudirman KM.4 No.629, 20 Ilir D. IV, Kec. Ilir Tim. I, Kota Palembang, Sumatera Selatan 30129

Location Kota palembang, Sumatera selatan INDONESIA

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Contact Name
Ahmad Tohir

Contact Email
isbank@stebisigm.ac.id

Phone
+6281315545733

Journal Mail Official
isbank@stebisigm.ac.id

Editorial Address
Jl. Jend. Sudirman KM.4 No.629, 20 Ilir D. IV, Kec. Ilir Tim. I, Kota Palembang, Sumatera Selatan 30129

Location
Kota palembang,

Sumatera selatan

INDONESIA