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Contact Name
Supriyanto
Contact Email
supriyanto.mud@gmail.com
Phone
+628172840150
Journal Mail Official
jurnalpbsiainska@gmail.com
Editorial Address
Shariah Banking Study Program, Faculty of Islamic Economics and Business, UIN Raden Mas Said Surakarta. Jl. Pandawa No. 1, Pucangan, Kartasura, Central Java, Indonesia, 57168. Phone: 02271 781516, Fax: 02271 782774
Location
Kab. sukoharjo,
Jawa tengah
INDONESIA
Journal of Finance and Islamic Banking
ISSN : 26152967     EISSN : 26152975     DOI : prefix 10.22515/jfib
Journal of Finance and Islamic Banking is a peer reviewed journal that is published by the Sharia Banking Department of UIN Raden Mas Said Surakarta in collaboration with the scholars association Ikatan Ahli Ekonomi Islam, published biannually in June and December. This journal publishes current, original research on Islamic finance and Islamic banking. The Journal of Finance and Islamic Banking openly welcomes scholars, postgraduate students, and practitioners to submit their best research articles that correspond to the topics.
Articles 6 Documents
Search results for , issue "Vol. 4 No. 2 (2021)" : 6 Documents clear
Affecting Financial Inclusion Toward Third Deposit Funds of Islamic Banking Indonesia Muhammad Khozin Ahyar; Abdul Hakim
Journal of Finance and Islamic Banking Vol. 4 No. 2 (2021)
Publisher : Universitas Islam Negeri Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/jfib.v4i2.2658

Abstract

This study aims to determine the effect of financial inclusion variables on third-party deposit funds used in Islamic banking. In general, this study uses financial inclusion and non-financial inclusion variables. Financial inclusion variables are proxied by office networks, ATM networks, and savings customers. Financial inclusion variables are proxied by office networks, ATM networks, and savings customers. Third deposit funds, interest rates, profitability, yield equivalent, and the size of sharia banking are all used as non-financial inclusion variable proxies. This quantitative study used the Vector Error Correction Model (VECM) and the Eviews analysis tool. The cointegration test probability value (0.0228 < 0.05) indicates that the data used in the study are cointegrated. According to the data analysis, the office network (2,60397) and the ATM network (2.48865) serve as proxies for financial inclusion variables affecting Islamic banking deposits. The deposit customer (1,55953), on the other hand, is a proxy variable that has no effect. The equivalent yield (2,48469) and Islamic banking size (2,77972) are non-financial inclusion variables influencing Islamic banking deposits. The benchmark interest rate (-0,29262) and profitability (0,90000), on the other hand, do not affect Islamic banking deposits.
The Map of the Understanding Level of Cash Waqf for Jama'ah of Masjid in District of Ponorogo City Abdul Latif; Imam Haryadi; Adib Susilo
Journal of Finance and Islamic Banking Vol. 4 No. 2 (2021)
Publisher : Universitas Islam Negeri Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/jfib.v4i2.3022

Abstract

The low level of participation of waqf in society is caused by the low level of understanding of waqf. Therefore, this research is aimed to mapping the understanding of waqf. The object of the study is the mosque congregation in the district of Ponorogo. The method used in this study is qualitative descriptive with a corresponding approach. The data collected through interviews. The result of this study shows that the understanding of waqf is mapped on three themes namely, a basic understanding of waqf, an understanding of waqf benefits, understanding of the law related to waqf. This research also found that the level of understanding waqf based on the map is at a medium-low level. Means, the mosque congregation at the district of Ponrogo are still unfamiliar with waqf in term advanced understanding. 
Antecedents of Digitizing ZIS Payments: A TAM and TPB Approaches Mukhamad Yazid Afandi
Journal of Finance and Islamic Banking Vol. 4 No. 2 (2021)
Publisher : Universitas Islam Negeri Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/jfib.v4i2.4899

Abstract

Financial technology is a form of adaptation to technological disruptions. The adoption of fintech in ZIS payments (zakat, infaq, shadaqah) is necessary if the zakat institution wants to increase fundraising from the community. This study investigates the impact of digitizing payments on interest in paying ZIS. This study uses quantitative analysis with a combined approach of the TAM and TPB. A quantitative sample was obtained from 250 respondents with 174 valid and representative questionnaires. The research areas were Yogyakarta and Surakarta. The results show that digitization of ZIS payments increases a ZIS's intention to pay. All TAM constructs, namely perceived ease of use and perceived usefulness, affect attitudes and intentions to pay ZIS. The TPB constructs namely attitude, subjective norms, and perceived behavioral control affect the intention to pay a ZIS.
The Performance of the Socially Responsible Investment Index in Indonesia Bintang Ramadhan Putra; Reza Faisal Husein
Journal of Finance and Islamic Banking Vol. 4 No. 2 (2021)
Publisher : Universitas Islam Negeri Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/jfib.v4i2.4901

Abstract

In Indonesia, several stock indices can be used as a reference in investing in stocks, such as the LQ-45, JII, and SRI-KEHATI stock indexes. The SRI-KEHATI stock index emphasizes its attention to sustainable and responsible investment (SRI), which is a manifestation of socially responsible investing, a perspective in investing where attention to ethics, social, and normative views of investors influences investors' decisions in investing. The purpose of the study was to compare the performance of SRI-KEHATI stock indexes against LQ-45 and JII based on risk-adjusted return using Sharpe, Treynor, and Jensen's Alpha ratios with an observation period from January 2015 to December 2019. The results showed that the overall performance of the SRI-KEHATI stock index managed to outperform the performances of LQ-45 and JII. Based on these results, investors can look at the stocks listed in the SRI-KEHATI stock index because, in addition to getting.
The Development of Islamic Stok Mutual Funds In Indonesia Before and During The COVID-19 Pandemic Sukoco Edi Sasmito
Journal of Finance and Islamic Banking Vol. 4 No. 2 (2021)
Publisher : Universitas Islam Negeri Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/jfib.v4i2.4902

Abstract

Sharia mutual funds are one of the sharia investment products or instruments that people can choose to invest in, mainly the type of Islamic equity mutual funds. This paper aimed to analyze the development of Islamic equity funds in Indonesia. In this paper, the analysis method used is descriptive statistics using the Microsoft Excel 2016 analysis tool. Based on the data processing results, Islamic stock mutual funds in Indonesia still had minimal interest from investors compared to conventional equity mutual funds. In addition, other types of equity mutual funds in the form of Sharia ETFs also still have minimal interest from investors. It is hoped that sharia equity mutual fund practitioners can improve the performance of their mutual funds so that many investors will be interested in investing in Islamic equity mutual funds.
The Analysis of Franchise Fee and Royalty Fee Systems in the Business of Nyoklat Klasik™ Based on al-Mu‘amalah al-Maliyah Perspective Mufti Afif; Asifah Itsna Rosidah; Nur Hidayah Al Amin; Ahmad Suminto
Journal of Finance and Islamic Banking Vol. 4 No. 2 (2021)
Publisher : Universitas Islam Negeri Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/jfib.v4i2.4939

Abstract

This study aims to determine the franchise and royalty fees implementation system in the Nyoklat KlasikTM Tulungagung. This study employed qualitative research, specifically field research. Data collection is maintained by using interviews, observation, and documentation. this study uses the descriptive-qualitative analysis method, which describes the implementation of the Franchise Fee and Royalty Fee Systems on Nyoklat KlasikTM, then analysis it from the point of view al-mu’amalah al-maliyah. The result is that the franchise fee payment is not paid fully but will be paid 50% after signing the contract, and the rest is paid before shipping the goods. The chosen place must follow the standards that are set by the franchisor. The royalty fee charged by the franchisor to the franchisee is about $1-3 million per year. The franchisor provides repeat order prices of 45%–50% of the regular price. From the al-mu’amalah al-maliyah perspective, the franchise fee and royalty fee systems of Nyoklat KlasikTM are appropriate with the basic principles of al-mu’amalah al-maliyah, that is: a principle of tauhid; prohibition of riba; prohibition of gharar and maisyir; prompts to trade and share benefits and risks; no time value of money concept; funding is based on tangible assets; compliance agreement.

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