cover
Contact Name
Nafiah
Contact Email
nafiah@insuriponorogo.ac.id
Phone
+6285735682845
Journal Mail Official
jief@insuriponorogo.ac.id
Editorial Address
Kampus Insuri Ponorogo Jln. Batoro Katong No. 32 Ponorogo
Location
Kab. ponorogo,
Jawa timur
INDONESIA
Indonesian Journal of Islamic Economics and Finance
ISSN : -     EISSN : 28081102     DOI : https://doi.org/10.37680/ijief
Core Subject : Economy, Social,
Indonesian Journal of Islamic Economics and Finance E-ISSN (28081102) is a journal wich is biannually issued and publishes new editions in June and December. The journal publisher is Institut Agama Islam Sunan Giri (INSURI) Ponorogo and managed by Departement of Islamic Economics INSURI. The publication of this journal is tightly-peer with a double bind reviewed process using Open Journal System (OJS) for the magazine. The journal can be accessed openly on the website.
Articles 118 Documents
Sukuk and Inflation Dynamics in Indonesia: A Time Series Linear Model Investigation Pimada, Laila M.; Miranti, Titis
Indonesian Journal of Islamic Economics and Finance Vol 4 No 1 (2024)
Publisher : Institut Agama Islam Sunan Giri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37680/ijief.v4i1.5716

Abstract

This study examines the impact of sukuk on inflation in Indonesia, considering the interplay of macroeconomic factors during the post-COVID-19 recovery period. Employing a time series linear model (TSLM) with monthly data from January 2019 to March 2024, we investigate the relationship between sukuk outstanding and inflation (Consumer Price Index), controlling for industrial production, exchange rate, interest rate, and Composite Leading Indicator (CLI). Results reveal a significant positive relationship between sukuk and inflation, suggesting that increased sukuk outstanding is associated with higher inflation rates. This finding contributes to the existing literature by providing empirical evidence of the inflationary impact of sukuk in Indonesia, especially in the context of post-pandemic recovery. The study also identifies significant positive relationships between inflation and interest rate, as well as inflation and CLI, highlighting their roles in driving inflation. While the exchange rate also exhibits a positive relationship with inflation, industrial production shows a negative association, suggesting a potential dampening effect on inflation. The model demonstrates strong explanatory power, with an adjusted R-squared of 0.9818, indicating that the included variables effectively capture the variation in inflation. These findings offer valuable insights for policymakers in formulating effective inflation management strategies and ensuring macroeconomic stability in Indonesia's post-pandemic recovery.
Analysis of The Influence of Career Development and Training on Apparatus Performance in Magetan Regency Utama, Lalu Satria; Kistyanto, Anang; Wardoyo, Dewie Tri Wijayati
Indonesian Journal of Islamic Economics and Finance Vol 4 No 1 (2024)
Publisher : Institut Agama Islam Sunan Giri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37680/ijief.v4i1.5726

Abstract

This study aims to analyze the influence of career development and training on the performance of apparatus within the Magetan Regency Government, namely the Manpower Office, the Industry and Trade Office, the Cooperatives and SMEs Office, and the Social Service. This study uses a causal quantitative design. The sample was determined by a non-random sampling method, involving 65 respondents who were employees with functional and executive positions in the four Regional Government Organizations (ODP). Data analysis uses multiple linear regression. The analysis showed that career development and training positively and significantly affected the performance of apparatus or employees in the four OPDs within the Magetan Regency Government. This study shows that career development and training significantly affect apparatus performance within the Magetan Regency Government. It is recommended that qualitative research be conducted to explore more deeply the factors that affect career development and training effectiveness.
Cooperatives amid the Wave of Industrial Revolution 4.0: Opportunities and Challenges Siswanto, Irvan; Budiman, Fajar; Aini, Farida; Kurniawan, Fiki; Aulia, mesyha Suswita
Indonesian Journal of Islamic Economics and Finance Vol 4 No 1 (2024)
Publisher : Institut Agama Islam Sunan Giri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37680/ijief.v4i1.5733

Abstract

This study examines the roles and challenges faced by cooperatives in the era of Industry 4.0, focusing on adapting digital technologies to enhance member welfare and economic growth. The research employs a comprehensive literature review, case studies, and content analysis of publications from the past decade. Findings indicate that digitalization has increased operational efficiency in cooperatives by up to 40%, expanded market access, and improved transparency and accountability. However, key challenges include the persistence of the digital divide, high initial investment costs, and the need for cultural change within organizations to support digital transformation. Government support, including digital literacy training and access to financing, is crucial in accelerating this transformation process. The practical implications of this study highlight the necessity for broader digital training programs, access to low-interest financing for technology investments, and the development of adequate digital infrastructure. This research underscores significant progress in technology adoption among cooperatives and the positive socio-economic impacts that result from it. As a result, digital transformation within cooperatives holds substantial potential for fostering more inclusive and sustainable economic growth.
The Information Technology Effect, Quality Service, and Tax Sanctions on PBB Tax Compliance Jannah, Siti Miftachul; Kistyanto, Anang; Witjaksono, Andre Dwijanto
Indonesian Journal of Islamic Economics and Finance Vol 4 No 1 (2024)
Publisher : Institut Agama Islam Sunan Giri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37680/ijief.v4i1.5753

Abstract

This study examines the impact of tax information technology services and tax sanctions on property taxpayers' (UN) compliance in Surabaya. Using multiple linear regression, the research finds that tax information technology, service quality, and sanctions all significantly and positively influence tax compliance. Efficient e-filing and e-payment systems enhance reporting accuracy, making compliance more transparent. High-quality services from tax authorities, marked by responsiveness and reliability, increase taxpayer trust, leading to better compliance. Fair and transparent sanctions act as a deterrent, promoting adherence to tax regulations. The study concludes that Surabaya's tax authorities should focus on advancing technology, enhancing service quality, and enforcing consistent sanctions to improve compliance. Recommendations include investing in technology, training tax officers, and strengthening law enforcement. This research offers insights into tax policy in Surabaya and other areas, highlighting the factors that drive local tax compliance and setting the stage for future studies on the relationship between technology, services, and sanctions in enhancing tax compliance.
The Influence of Professionalism, Organizational Culture, Internal Control, and Commitment on Employee Performance at Baki Health Center, Sukoharjo Regency Supriyanto, Edy; Istiatin, Istiatin; Mursito, Bambang
Indonesian Journal of Islamic Economics and Finance Vol 4 No 1 (2024)
Publisher : Institut Agama Islam Sunan Giri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37680/ijief.v4i1.5801

Abstract

This research aims to determine and explain the influence of professionalism, organizational culture, internal control, and commitment on employee performance at the Baki Community Health Center, Sukoharjo Regency. The population of this study was all 91 employees of the Baki Community Health Center, Sukoharjo Regency, using a saturated sampling technique. Data collection using questionnaires. The data analysis technique uses the Multiple Linear Analysis method. The research results show that professionalism, organizational culture, internal control, and organizational commitment positively and significantly affect performance. The variables Professionalism, Organizational Culture, Internal Control, and Organizational Commitment influence performance by 56.9%, while the remaining 43.1% is explained by other variables not proposed in this research. Suggestions from this research, employees of the Baki Community Health Center, Sukoharjo Regency can increase professionalism, organizational culture, and commitment to the organization with good internal supervision to achieve maximum performance results for the Baki Sukoharjo Community Health Center.
The Influence of Leadership, Competence and Motivation on the Performance of Congregational Financial Management at Port Numbay Klassis Christian, Ferdinandus; Numberi, Tresya I; Monim, Melkias; Krey, Abraham; Lolowang, Nancy Lidya
Indonesian Journal of Islamic Economics and Finance Vol 4 No 1 (2024)
Publisher : Institut Agama Islam Sunan Giri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37680/ijief.v4i1.5845

Abstract

This study aims to analyze the influence of leadership, motivation, and competence on the performance of congregation financial management at the GKI Port Numbay Klassis. This study employed a quantitative approach with an explanatory design to investigate the impact of leadership, competence, and motivation on the performance of congregation financial managers in Klasis Port Numbay. Data were collected through surveys and interviews with 98 financial managers across 49 congregations, with cluster sampling used to represent the population. The analysis included validity, reliability, and classical assumption tests, followed by multiple regression analysis to determine each independent variable's influence on performance, individually and collectively. The research found that leadership, competence, and motivation play crucial roles in enhancing the performance of financial managers in the congregation at Klasis GKI Port Numbay. Effective leadership provides clear direction and motivation, leading to improved performance. High competence in skills, knowledge, and work attitude significantly contributes to the managers' ability to perform their tasks optimally. Additionally, strong motivation among financial managers is key to achieving set performance targets. Leadership, competence, and motivation significantly influence the performance of financial managers, highlighting their importance in ensuring efficient and effective financial management in a church setting.
Determinants of Islamic Commercial Bank Performance in Indonesia Rizal, Fitra; Mukaromah, Haniatul
Indonesian Journal of Islamic Economics and Finance Vol 3 No 2 (2023)
Publisher : Institut Agama Islam Sunan Giri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37680/ijief.v3i2.6131

Abstract

As financial intermediary institutions, banks have a strategic role in driving the economy, so bank performance must be appropriately maintained. This study aims to analyze the effect of third-party funds and working capital financing of Islamic commercial banks on the performance of Islamic commercial banks in Indonesia. The research method used is quantitative by conducting multiple linear regression tests. The data type used is secondary data from 2015 to 2022, with a sample of 13 Islamic commercial banks in Indonesia. The data was obtained from BI and OJK reports published on https//www.ojk.go.id. The study results indicate that Third Party Funds do not affect Indonesia's ROA of Islamic commercial banks. Working capital financing significantly affects the ROA of Islamic commercial banks in Indonesia. And if together, third-party funds and working capital financing significantly affect the ROA of Islamic commercial banks in Indonesia. Third-party funds do not affect the ROA of Islamic general banks because the operational costs (BOPO) borne by Islamic general banks are included in the very high category. Therefore, to increase ROA, banks must apply the principle of prudence and valid calculations in carrying out banking operations and financing.
How Risk Perception aand Financial Literacy Effect Overconfidence Bias and Investment Decisions Relationship Mirfaqoh, Vella; Muktiyanto, Ali; Geraldina, Ira; Yusriani, Sri
Indonesian Journal of Islamic Economics and Finance Vol 4 No 2 (2024)
Publisher : Institut Agama Islam Sunan Giri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37680/ijief.v4i2.6067

Abstract

This research aims to determine the influence of overconfidence bias on investment decisions, which is mediated by risk perception and moderated by financial literacy. This research is quantitative research using causality analysis. The research instrument is a questionnaire with a likert scale of one to five points. The research used a random sampling technique with 400 capital market investors in Indonesia. Data were analyzed by SmartPLS4 software using the SEM PLS method. The research results show that overconfidence bias and risk perception positively affect investment decisions. Risk perception can positively and significantly mediate the relationship between overconfidence bias and investment decisions. Other results prove that financial literacy cannot moderate the relationship between overconfidence bias and investment decisions. This research implies that investors are expected to make investment decisions rationally and avoid detrimental investments.
Exploring The Potential of Zakat: Yusuf Qardhawi’s Insights for Poverty Alleviation and Economic Growth in Indonesia Syamsuri, Syamsuri; Arief, Suyoto; Wibisono, Vina Fithriana; Fauziyah, Silva
Indonesian Journal of Islamic Economics and Finance Vol 4 No 2 (2024)
Publisher : Institut Agama Islam Sunan Giri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37680/ijief.v4i2.6085

Abstract

This study aims to explore the potential of zakat, insights from Yusuf Qardhawi perspectives for poverty alleviation and economic growth in Indonesia. This study uses a library method and descriptive analysis approach. The result of this study indicated that the management of zakat its relevance in Indonesia insight from Yusuf Qardhawi are (1) expanding the provisions of the assets that are subject to zakat funds needs to be managed productively; (2) the management and distribution of zakat in order to function properly requires centralization of zakat management by the state (government). The role of the government in alleviating poverty and economic growth includes: optimizing the performance of zakat institutions in accordance with zakat regulations; increasing public literation of zakat, encouraging social innovations as a form of efficiency and transparency in the distribution and utilization of zakat; supervising zakat institutions on the impact on poverty alleviation and maximizing the potential of zakat in improving economic growth and the welfare of underprivileged people. This study provides insight for the management of zakat in Indonesia is optimized using Yusuf Qardhawi’s concept, its relevant to poverty issues and improvisation of economic growth.
Budgeting and Saving Effectiveness as the Main Pillar of Sustainable Personal Financial Management Prakoso, Teguh; Apriliani, Rina
Indonesian Journal of Islamic Economics and Finance Vol 4 No 2 (2024)
Publisher : Institut Agama Islam Sunan Giri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37680/ijief.v4i2.6187

Abstract

Personal financial management is an important aspect of achieving financial stability and success. This research examines the importance of effective budgeting and saving practices as key components of personal financial management. The research shows that budgeting is important in personal financial management as it provides a clear framework for managing income and expenditure. By having a detailed budget, individuals can monitor their cash flow, ensure that they allocate funds to essential needs, and identify areas where spending can be reduced. Budgeting also helps set short-term and long-term goals, encouraging financial discipline and responsibility. Studies indicate that individuals who consistently follow a budget tend to have better financial health and are less trapped in debt. In addition to budgeting, effective saving practices are a key component of personal financial management. Saving is important to deal with financial emergencies and achieve future goals, such as home purchase, education, or retirement. Regularly setting aside a portion of income into savings can help individuals build financial reserves and reduce reliance on loans or credit. Studies have also found that saving regularly can increase financial well-being and reduce money-related stress. Therefore, effective budgeting and saving are two key pillars that complement each other in achieving sustainable personal financial stability.

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