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MUHAMMAD NAJIB
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International Economic and Finance Review
Published by Sekolah Tinggi Ekonomi dan Perbankan Islam Mr. Sjafruddin Prawiranegara Jakarta
ISSN : 28292928     EISSN : 2829291X     DOI : https://doi.org/10.56897/iefr.v1i1
Core Subject : Economy,
Economics, Econometrics & Finance
International Economic and Finance Review (IEFR) is a peer-reviewed and scientific journal published by Sekolah Tinggi Ekonomi dan Perbankan Islam Mr. Sjafruddin Prawiranegara Jakarta. This journal is published biannually in March and September. IEFR accepts articles that is using quantitative and qualitative approaches. All articles uses English manuscript. International Economic and Finance Review (IEFR) aims to provide readers with highly sholarly articles related to discourse of sharia or conventional economics and finance.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 30 Documents
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Shirkah Contracts Fuqaha Perspectives and Their Application in Islamic Cooperatives Moh. Asep Zakariya Ansori; Sofyan Al Hakim Sofyan; Iwan Setiawan Iwan
International Economic and Finance Review Vol. 2 No. 2 (2023): INTERNATIONAL ECONOMIC AND FINANCE REVIEW (IEFR)
Publisher : Sekolah Tinggi Ekonomi dan Perbankan Islam Mr. Sjafruddin Prawiranegara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56897/iefr.v2i2.35

Abstract

Shirkah is a contract of cooperation between two or more people in one capital, skills, or trust in a particular business with profit sharing based on the ratio, Shirkah is very important role in the economic growth of society. However, there are differences of opinion among fuqahâ regarding the types of shirkah that are permitted in Islam. This study discusses the fuqaha's views on the permissibility of the types of shirkah and their application in cooperatives from a theoretical and practical perspective through the study of some literature and observation of the application of these types in cooperatives. The method used in this research is a literature study that collects information from books, journals, and other sources related to shirkah contracts and cooperatives. The results show that the shirkah contract in the sharia cooperative business is a form of business that is in accordance with sharia principles. However, there are differences of opinion among fuqaha regarding the permissibility of the types of shirkah applied in the practice. Therefore, it is important for cooperative managers to understand these differences of opinion in order to choose the right type of shirkah that is in accordance with sharia principles.   Keywords: Shirkah, Types of shirkah contracts, Cooperatives
The Effect of Yuan Exchange Rate to Islamic Banking Credit Risk in Asia Case Study of Indonesia Wahyu Khoirun Nisa; Patria Yunita; Ayis Mukholik
International Economic and Finance Review Vol. 2 No. 2 (2023): INTERNATIONAL ECONOMIC AND FINANCE REVIEW (IEFR)
Publisher : Sekolah Tinggi Ekonomi dan Perbankan Islam Mr. Sjafruddin Prawiranegara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56897/iefr.v2i2.37

Abstract

This study aims to analyze the effect of the yuan exchange rate on non- performing financing in Islamic banking for the period March 2012 to February 2022. The type of data used in this study is quantitative data and the source of data used in this study is secondary data obtained from the official website of the Authority. Financial Services (OJK) and Bank Indonesia (BI) . The data analysis model in this study uses multinomial logit regression analysis, where multinomial logistic regression is a logistic regression used when the dependent variable has a polychotomous or multinomial scale. The results of the analysis show that the yuan exchangeAuthor I ArticleTitle rate has a positive and insignificant effect on non-performing financing of Islamic banking when the NPF ratio is in a Medium Risk condition. In High Risk the yuan exchange rate has a positive and significant effect on non- performing financing of Islamic banking and when in Very High Risk conditions, the yuan exchange rate has a positive and insignificant effect on non-performing financing of Islamic banking. The Pseudo R-Square value is 0.1057 which means that the value of the variation of the dependent variable that can be explained by the independent variable is 10.57% while the remaining 89.43% is explained by other variables.
Examining the Efficiency of the Islamic Banking Industry: Comparison of the Covid-19 Period and The New Normal Era in Indonesia M. Ananda Ikhsan; Kahar Muzakkar; Firman Saputra; Solahuddin Al-Ayubi
International Economic and Finance Review Vol. 2 No. 2 (2023): INTERNATIONAL ECONOMIC AND FINANCE REVIEW (IEFR)
Publisher : Sekolah Tinggi Ekonomi dan Perbankan Islam Mr. Sjafruddin Prawiranegara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56897/iefr.v2i2.38

Abstract

This study aims to examine the efficiency of the Islamic banking industry: a comparison of the COVID-19 period and the new normal era in Indonesia. This study uses Data Envelopment Analysis (DEA) applications that use Variable Return to Scale (VRS) to see the ability of banks to manage input and output variables, especially total financing in Islamic banking in Indonesia. The results of this study show that the average efficiency level of Islamic banks in Indonesia fluctuated during the period before COVID-19 until the New Normal Era. Interestingly, this study found that the overall efficiency level of Islamic banking in Indonesia shows an increasing trend in 2022 with an average efficiency value of 0.66. However, from 2019 to 2020 it experienced a very significant decline. Bank Mualamah Syariah is the bank with the highest efficiency value according to DEA, while Bank BRI Syariah and Bank Tabungan Pensiunan Nasional Syariah have the lowest value. Keywords: Efficiency, Islamic Banking, Data Envelopment Analysis (DEA), Covid-19
The Influence of Reciprocal Relationships and Trust on Sharia Cooperative Member Satisfaction Khoirunisa; Risa Bhinekawati; Muhammad Najib
International Economic and Finance Review Vol. 2 No. 2 (2023): INTERNATIONAL ECONOMIC AND FINANCE REVIEW (IEFR)
Publisher : Sekolah Tinggi Ekonomi dan Perbankan Islam Mr. Sjafruddin Prawiranegara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56897/iefr.v2i2.39

Abstract

Cooperatives have a role as pillars of economic and social development of the community, but they still experience many internal and external challenges, including in managing the satisfaction of their members. This study answers these challenges through the application of Social Exchange Theory, with the aim of analyzing whether reciprocity and trust have influence on the satisfaction of cooperative members. The study gathered 200 respondents from nine sharia cooperatives in six provinces of Indonesia. Using multiple regression models, the collected data was tested and further analyzed using SPSS 24.0 Software. This research found that Reciprocity and Trust have a positive and significant influence on the Satisfaction of sharia cooperative members. This research provides empirical evidence for the application of Social Exchange Theory in explaining the factors influencing the satisfaction of cooperative members that was not studied before. Sharia cooperative management can apply the results of this research to improve cooperative performance by building mutually beneficial and trusting relationships with its members. The results of this study can be generalized to sharia cooperatives, while the application to conventional cooperatives needs to be further studied. Keywords: Reciprocity, Trust, Satisfaction, Shariah Cooperatives, Social Exchange Theory
The Case Study of Capital Structure in Affecting Return on Equity (ROE) Among Chinese Companies Wee Win Yeoh
International Economic and Finance Review Vol. 3 No. 1 (2024): INTERNATIONAL ECONOMIC AND FINANCE REVIEW (IEFR)
Publisher : Sekolah Tinggi Ekonomi dan Perbankan Islam Mr. Sjafruddin Prawiranegara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56897/iefr.v3i1.40

Abstract

The case study for the capital structure research had been crucial to address the financial performance for the business. In the recent trend of business, the strategic development of the business growth had been dependent on the capital structure funding where the ratio between the debt and equity often become the pillar to determine the financial performance for the business. This triggered the study to develop the quantitative method research to explore the relationship of debt equity ratio representing the capital structure funding for business against the return on equity (ROE) representing the financial performance of the business. The target study will be based on the public listed companies in China mainly from Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE). The results and findings from the quantitative study had found the significant positive relationship being exist between the debt equity ratio and ROE which aligned with the initial assessment from the literature review. This had been crucial contribution for the investors to understand the potential earning derived from the ROE inducing the understanding where the higher debt funding will encourage better return on the equity investment which will become more important consideration among the investors.
The Influence of Sharia Financial Performance Towards Islamic Social Reporting with Islamic Corporate Governance as a Moderate Variable Fatima Az-zahra Wairooy
International Economic and Finance Review Vol. 3 No. 1 (2024): INTERNATIONAL ECONOMIC AND FINANCE REVIEW (IEFR)
Publisher : Sekolah Tinggi Ekonomi dan Perbankan Islam Mr. Sjafruddin Prawiranegara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56897/iefr.v3i1.41

Abstract

This study examine to retest the influence of Sharia Financial Performance towards Islamic Social Reporting with Islamic Corporate Governance as a moderate variable (empirical study on Indonesia Islamic Commercial Bank from 2014-2021). The hypothesis examine by using MRA regression and panel data regression. The population in this research are all the Islamic Commercial Banks that listed on OJK from 2014-2021. The sampling methods that used in this research is purposive sampling and could manage to obtained 96 sample from 12 Islamic Commercial Banks. The results shows that: (1) Return On Assets, Capital Adequacy Ratio, and Debt to Equity Ratio did not influenced the Islamic Social Reporting; (2) Financing to Debt Ratio influenced the disclosure did Islamic Social Reporting; and (3) Board of Commissioner could influenced Return On Assets towards deepening of Islamic Social Reporting, Islamic Supervisory Board could be moderating Return On Assets, Financing to Debt Ratio and Capital Adequacy Ratio towards strengthening Islamic Social Reporting, While the age of the companies could moderating Return On Assets, and Financing to Debt Ratio towards Islamic Social Reporting.
Financial Performance Analysis Using Financial Ratios At PT Diamond Food Indonesia Tbk Dewi Arum Lestari; Achmad Wicaksono; Ferdiana Tri Pramesari
International Economic and Finance Review Vol. 3 No. 1 (2024): INTERNATIONAL ECONOMIC AND FINANCE REVIEW (IEFR)
Publisher : Sekolah Tinggi Ekonomi dan Perbankan Islam Mr. Sjafruddin Prawiranegara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56897/iefr.v3i1.45

Abstract

The purpose of this research is to analyse the financial performance of PT Diamond Food Indonesia Tbk during the period from 2020 to 2022 using financial ratio analysis, including liquidity, solvency, profitability, and activity ratios. The method employed in this research is quantitative descriptive method with data collection conducted through documentation and literature study. The data analysed are derived from secondary data sources, namely the annual financial reports for the period 2020 to 2022 obtained from the official website of the Indonesia stock Exchange. The research findings indicate that the financial performance of PT Diamond Food Indonesia Tbk. is considered “Very Good” based on liquidity and solvency ratios. However, the company’s financial performance is deemed “Less Favourable” based on profitability and activity ratios.
Development of Corporate-Based ZISWAF Fundraising Model in Realizing SDGs from Maqashid Syariah Perspective Dede Al Mustaqim Mustaqim
International Economic and Finance Review Vol. 3 No. 1 (2024): INTERNATIONAL ECONOMIC AND FINANCE REVIEW (IEFR)
Publisher : Sekolah Tinggi Ekonomi dan Perbankan Islam Mr. Sjafruddin Prawiranegara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56897/iefr.v3i1.46

Abstract

This study examines the corporate-based ZISWAF (Zakat, Infaq, Sedekah, Wakaf) fundraising model grounded in Maqashid Syariah with the hope of contributing to the achievement of SDGs (Sustainable Development Goals) and realizing the welfare of the community. The descriptive qualitative research design employs literature review to gather data, revealing the significant potential of this model in reaching its objectives. Research findings indicate that the model excels in alignment with Islamic values, efficiency and effectiveness in fund management, sustainability of funding, and wide-ranging impact through extensive corporate outreach. To develop and implement this model, it requires strengthening collaboration among corporations, ZISWAF institutions, government, and other stakeholders, developing programs focusing on SDGs and community welfare, enhancing education for corporations and the public, reinforcing supportive regulations, and conducting regular monitoring and evaluation to ensure its effectiveness. The corporate-based ZISWAF fundraising model grounded in Maqashid Syariah is regarded as an innovative solution that can bring broad benefits to society, with support and commitment from various parties for its implementation. This study recommends several steps for the development and implementation of this model, including strengthening collaboration, program development, education enhancement, regulatory reinforcement, and monitoring and evaluation.
The Influence of Knowledge about Islamic Banking on Interest in Saving at Islamic Banks Mahlil; Patria Yunita; Ahkmad Syafiudin; Aries Muftie
International Economic and Finance Review Vol. 3 No. 1 (2024): INTERNATIONAL ECONOMIC AND FINANCE REVIEW (IEFR)
Publisher : Sekolah Tinggi Ekonomi dan Perbankan Islam Mr. Sjafruddin Prawiranegara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56897/iefr.v3i1.47

Abstract

This study examined the influence of knowledge about Islamic banking on interest in saving in Islamic banks among active Stebank students who had taken banking courses. Using a quantitative approach and questionnaires, the research found a positive correlation between knowledge of Islamic banking and interest in saving. Higher knowledge, indicated by understanding of Islamic banking facts, led to increased interest in saving in Islamic banks. This finding aligns with previous research and expert opinions, highlighting the importance of knowledge in boosting interest. Students, as potential customers, are crucial for Islamic banks, emphasizing the need to cater to their preferences. This research encourages saving in Islamic banks among students and others, contributing to the growth of Islamic banking. Future studies should explore additional variables to uncover more factors influencing interest in saving in Islamic banks, thereby fostering stronger financial partnerships and further developing Islamic banking in the broader Islamic economy.
The Role of Productive Women in Alleviating Poverty Through Strengthening Islamic Social Finance: A Study of Micro Waqf Banks in Indonesia Ssonko Muhammedi; Raden Ali Pangestu; Ilyas Helmi Bin Mohd Yusof; Umar Akem
International Economic and Finance Review Vol. 3 No. 1 (2024): INTERNATIONAL ECONOMIC AND FINANCE REVIEW (IEFR)
Publisher : Sekolah Tinggi Ekonomi dan Perbankan Islam Mr. Sjafruddin Prawiranegara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56897/iefr.v3i1.53

Abstract

The nature of women in development has a big role not only in the economic foundation of households, in the use of Islamic social financial institutions. Poverty motivates women to develop their potential through opportunity, excellence, and equality. Attention to Islamic social finance namely zakat, infaq, sadaqa and waqf in Indonesia is increasing as awareness improves. Limited access of productive women to social financial institutions makes it difficult to obtain business capital. The study investigates the contribution of women to poverty alleviation through Islamic social finance. This study uses qualitative methods with a field study approach. The research location is at the Micro Waqf Bank Lan Taburo Lebak Banten, Indonesia. Data collection using interviews, observations, and literature studies. Data analysis techniques use triangulation with collection, reduction, presentation, and conclusions. The results showed that the role of productive women micro waqf bank customers utilizes Islamic social finance, namely managing business financing, increasing household income, creating household economic prosperity, strengthening community empowerment, and increasing waqf literacy. The research implies that the greater the role of productive women utilizing Islamic social finance, the more positively it will contribute to poverty alleviation in Indonesia. This study was limited to women producing micro waqf banks who received benefits at one institution. Further research needs to be carried out in quantitative studies to find the dominant factor of alleviating harm using Islamic social finance.

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