International Journal of Islamic Business and Economics (IJIBEC)
Focus: Islamic Economics and Small and Micro Enterprises Scope: The scope of this journal encompasses the integration of Islamic Economics especially on Small and Micro Enterprises (SMEs) and local economies. It focuses on: 1.Analyzing the influence of Islamic values on consumer perceptions, preferences, and behaviors. 2. Application of Islamic economic principles for the growth of MSMEs and local economies. 3. Evaluation of the contribution of Islamic financial institutions such as Sharia banks, waqf, and other Islamic financial practices in supporting MSMEs. 4. Investigation into communication, branding, and distribution strategies grounded in Islamic principles. 5. Comprehensive literature reviews and empirical studies including case studies on consumer preferences and Islamic economic practices in sectors like halal food, halal tourism, Muslim fashion, and halal beauty products. 6. Analysis of policies and regulations that facilitate the implementation of Islamic economic principles in local economic growth. 7. Methodological approaches such as surveys, interviews, observations, field studies, and quantitative data analysis to assess the impact of these strategies on customer loyalty, business success, and economic prosperity. 8. Openness to exploring additional themes related to Islamic economics.
Articles
116 Documents
<![CDATA[Analysis of the Effect of Macroeconomics on Net Assets Value (NAV) of Sharia Mutual Funds in Indonesia ]]>
<![CDATA[Nafisah, Hilyatun]]>;
<![CDATA[Supriyono]]>
<![CDATA[ International Journal of Islamic Business and Economics (IJIBEC) Vol 4 No 1 (2020): Volume 4 Nomor 1 Tahun 2020 ]]>
Publisher : <![CDATA[Universitas Islam Negeri K.H. Abdurrahman Wahid Pekalongan ]]>
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DOI: 10.28918/ijibec.v4i1.1527
<![CDATA[Net Asset Value (NAV) is a measure of investment performance for sharia mutual funds derived from the entire value of the mutual fund portfolio fewer liabilities. This research aims to analyze the effect of the rupiah exchange rate, inflation, Jakarta Islamic Index (JII) and Bank Indonesia Sharia Certificate (SBIS) on Net Asset Value (NAV) of Sharia Mutual Funds. The object in this research consisted of 5 companies registered with the Financial Services Authority (OJK) from 2012-2019. Panel data regression analysis was used to test the hypothesis in this study. A random effect is used to determine the differences in the effect. The result of this study concluded that rupiah exchange rate, inflation and JII and SBIS effect on NAV of sharia mutual funds simultaneously. Partially, an unstable rupiah exchange rate is considered to have an impact on the company's production factors and affect the validity of the stock price; This causes investments no longer be attractive to investors, thereby reducing the value of investments that have an impact on the declining mutual fund NAV. Inflation decreases the real income of people with fixed income will also reduce the value of wealth in the form of money so that people will prefer to invest their money in the form of real assets that will result in reduced investment in the financial and capital markets and lower the NAV value of Islamic Mutual Funds. JII describes the performance of stocks which are one of the portfolios of sharia mutual funds. If the JII index value rises, then the increase in the portfolio of sharia mutual funds that share type will also rise which will have an impact on the increase in the nett asset value of sharia mutual funds. SBIS does not affect the Sharia Mutual Funds NAV. The relationship between SBIS and the Sharia Mutual Fund NAV as well as the relationship between interest rates and stock prices is negative or in the opposite direction. If interest rates rise at an adequate level, investors will try to move their investments from stocks to deposits.]]>
<![CDATA[Human Capital Investment : Case of State-Owned Banks and Sharia Banks ]]>
<![CDATA[Maaz Ud Din]]>;
<![CDATA[Kadarningsih, Ana]]>;
<![CDATA[Herry Subagyo]]>
<![CDATA[ International Journal of Islamic Business and Economics (IJIBEC) Vol 4 No 1 (2020): Volume 4 Nomor 1 Tahun 2020 ]]>
Publisher : <![CDATA[Universitas Islam Negeri K.H. Abdurrahman Wahid Pekalongan ]]>
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DOI: 10.28918/ijibec.v4i1.1979
<![CDATA[The objective of study is to find the influence of company size, human capital investments, and leverage on financial performance. Case studies on State-Owned Banks and State-Owned Sharia Banks in Indonesia for the 2012-2018 period. The number of samples uses in the study were four State-Owned Banks and four State-Owned Sharia Banks in Indonesia. The samples of this study were the financial report that taken from the Indonesia Stock Exchange and the Indonesia Financial Service Authority with period 2012-2018. The analysis method for this research is linear regression methods, test of classic assumption, determinant coefficient, F-test, T-test. The findings show that the size and leverage variables have no significantly effect on financial performance in State-Owned Banks, while the human capital investments have a positive effect and significantly on financial performance. The results also show that human capital and leverage have no impact on financial performance in State-Owned Sharia Banks, but has size have significant effect on financial performance. Human capital investment was most variable that impact financial performance significantly in State-Owned Banks. Otherwise, size was the most significantly variable that effect financial performance in State-Owned Sharia Banks.]]>
<![CDATA[The Effect Of Islamic Work Ethics On Organizational Commitment, Job Satisfaction And Turnover Intentions of Islamic Microfinance in Pekalongan ]]>
<![CDATA[Caniago, Siti Aminah]]>;
<![CDATA[Denny Mustoko]]>
<![CDATA[ International Journal of Islamic Business and Economics (IJIBEC) Vol 4 No 1 (2020): Volume 4 Nomor 1 Tahun 2020 ]]>
Publisher : <![CDATA[Universitas Islam Negeri K.H. Abdurrahman Wahid Pekalongan ]]>
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DOI: 10.28918/ijibec.v4i1.1571
<![CDATA[The purpose of this research is to analyze the effect of Islamic work ethics on job satisfaction, turnover intentions and organizational commitment and its three dimensions: affective commitment, continuance commitment and normative commitment. This method of analysis used a simple regression to determine the relationship of independent variables and dependent variables. The analysis used descriptive analysis to present the main characteristic of the samples. Islamic work ethic used instrument developed by Ali, job satisfaction was measured by Dubinsky and Harley’s instruments, organizational commitment used instrument by Bozeman, Perrewe, Meyer and the turnover intentions adapted by previous reaserch, Hom and Griffeth. The collected data was tabulated and analyzed using softwareStatistical Package for the Social Sciences (SPSS)16.0. This research selects 10 Islamic microfinances in Pekalongan city. Results show that Islamic Work Ethic is positive significant related to job satisfaction, affective commitment, continuance commitment, normative commitment, and negative influence related to turnover intention variable. From this research, the application of Islamic Work Ethics was a solution to job satisfaction and organizational commitment and less contributes to turnover intention]]>
<![CDATA[The Support of Sharia Rural Banks Financing on National Financial Inclusion ]]>
<![CDATA[Ariani, Nenny]]>;
<![CDATA[Etna Nur Afri Yuyetta]]>;
<![CDATA[Pancawati Hardiningsih]]>
<![CDATA[ International Journal of Islamic Business and Economics (IJIBEC) Vol 4 No 1 (2020): Volume 4 Nomor 1 Tahun 2020 ]]>
Publisher : <![CDATA[Universitas Islam Negeri K.H. Abdurrahman Wahid Pekalongan ]]>
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DOI: 10.28918/ijibec.v4i1.1980
<![CDATA[The purpose of this study is to examine the effect Sharia Rural Banks Financing through Micro Small Medium Entreprise (MSMEs) financing on Financial Inclusion in Indonesia from 2011 to 2018. The study samples consists of Financial Reporting of Sharia Rural Bank from the Indonesian Financial Service Authority and Financial Inclusion from Growth EconomiReport of Indonesia Central Bank. This study uses a quantitative approach with secondary Financial Inclusion data as measured by MSME Business Expansion Credit and Gross Domestic Product (GDP) using linear regression method to test the effect of variables.The results show that Sharia Rural Banks Financing has a significant effect to GDP (Gross Domestic Product) as a Financial Inclusion in Indonesia. The results of the study also showed that MSMEs Financing in Sharia Rural Banks did not have a significant relationship with Net Expansion credit because of Internal inhibiting the development of MSMEs such as low human resources, organizational management, addition limitations information technology and creativity]]>
<![CDATA[The Effect of Sharia Supervisory Board Characteristics on Maqashid Sharia Index ]]>
<![CDATA[Kurniasari, Meilynda]]>;
<![CDATA[Kautsar Riza Salman]]>
<![CDATA[ International Journal of Islamic Business and Economics (IJIBEC) Vol 4 No 1 (2020): Volume 4 Nomor 1 Tahun 2020 ]]>
Publisher : <![CDATA[Universitas Islam Negeri K.H. Abdurrahman Wahid Pekalongan ]]>
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DOI: 10.28918/ijibec.v4i1.2348
<![CDATA[the purpose of this study is to obtain empirical evidence regarding the influence of the characteristics of the Sharia Supervisory Board on the maqashid sharia index on sharia banks in Indonesia. The variables used in this study are the characteristics of the sharia supervisory board and maqashid sharia index. The characteristics of sharia supervisory boards are the educational background of sharia supervisory boards, number of sharia supervisory board meetings, concurrent positions of sharia supervisory boards, and indicators of the number of sharia supervisory boards. The maqashid sharia index uses indicators of welfare (maal), education (tahdzib al fard), and justice ('adl). The data used are secondary data in the form of annual reports of Islamic banks in Indonesia for a 5 years period (2013-2017). The research sample of eleven Islamic banks. Data analysis technique used is Partial Least Square (PLS). The findings of the study were successful in proving the negative influence of the number and educational background of the sharia supervisory board on the maqashid sharia index]]>
<![CDATA[Elaborating Cash Waqf Development In Indonesia Using Analytic Network Process ]]>
<![CDATA[Rusydiana, Aam S]]>;
<![CDATA[Abrista Devi]]>
<![CDATA[ International Journal of Islamic Business and Economics (IJIBEC) Vol 2 No 1 (2018): Volume 2 Nomor 1 Tahun 2018 ]]>
Publisher : <![CDATA[Universitas Islam Negeri K.H. Abdurrahman Wahid Pekalongan ]]>
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DOI: 10.28918/ijibec.v2i1.1177
<![CDATA[This research is aim to identify the priority factors that being barrier to develop the practice of cash waqf in Indonesia using Analytic Network Process (ANP) method. Here is also offered somesolutionsfortheproblemsidentified. ANPisamathematic theory that allows one to deal systematically with dependence and feedback and that can capture and combine tangible and intangible factors by using ration scale. Result show that the problems appeared in managing cash waqf in Indonesia divided into 4 important aspects, there are: Human Resource aspect, trust aspect, systemaspect, andshariaaspect. Therank for most priority problems to less priority based on the priority result are: 1) trust problems (whereas the most priority for this sub−criteria is donators’ lack of trust), 2) sharia problems (is unfulfilled waqf covenants), 3) human resource problems (is misappropriation of waqf funds, 4) system problems (is weak of management systems). Strategies that can be built to develop the practice of cash waqf in Indonesia based on the priorities are: 1) more computerized cash waqf management, 2) the development of waqf education institutions, 3) more comprehensive fund manager quality improvement, 4) transparency and accountability in every step.]]>
<![CDATA[Efficiency and Performance of Islamic Bank: Quadrant Analysis Approach ]]>
<![CDATA[firmansyah, irman]]>
<![CDATA[ International Journal of Islamic Business and Economics (IJIBEC) Vol 2 No 1 (2018): Volume 2 Nomor 1 Tahun 2018 ]]>
Publisher : <![CDATA[Universitas Islam Negeri K.H. Abdurrahman Wahid Pekalongan ]]>
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DOI: 10.28918/ijibec.v2i1.1251
<![CDATA[The purpose of this study is to analysis the level of efficiency of Islamic banks through the ratio used as a measure of operational efficiency that is the operational expense tooperationalrevenue, knowing the level of bankperformance of the assessment in accordance with the principles of islamic bank is maqashidsharia index, and know the cluster quadrant of each syariah bank through a combination of efficiency assessment and performance of maqashidsharia. All research data is taken from the financial statements of Islamic banks in Indonesia through their respective websites. The research period is the year 2012 until 2016. The results showed that banks that are in the highest efficiency quadrant and high performance of sharia maqashidis Panin Bank of sharia. The results of this study indicate that PaninSyariah bank has successfully used operational costs to obtain high operating income, and has also succeeded in achieving good performance of sharia maqashidcompared with other Islamic banks in Indonesia.]]>
<![CDATA[Halal Assurance System (HAS) 23000 Perspective George Robert Terry ]]>
<![CDATA[Purwanto, Hery]]>;
<![CDATA[Ahmad Rofiq]]>;
<![CDATA[Mashudi]]>
<![CDATA[ International Journal of Islamic Business and Economics (IJIBEC) Vol 4 No 2 (2020): Volume 4 Nomor 2 Tahun 2020 ]]>
Publisher : <![CDATA[Universitas Islam Negeri K.H. Abdurrahman Wahid Pekalongan ]]>
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DOI: 10.28918/ijibec.v4i2.2988
<![CDATA[A company's success in achieving its predetermined goals is possibly resulted from its good managerial skills in planning, organizing, mobilizing, and controlling. Many companies then look for a model or system to achieve those goals. Halal Assurance System (HAS 23000) is one expert management system used as a model by many companies in implementing the halal production processes. The HAS 23000 concept certainly has the management constructions, such as management functions. This library research used a descriptive-qualitative approach. The results showed that there were 11 criteria in HAS 23000 related to the management functions based on the perspective of George Robert Terry consisting of planning function, organizing function, mobilizing function, controlling or supervising function, etc. The theoretical approach proposed by George Robert Terry on management functions was used to analyze those contained in HAS 23000 and show the novelty when compared to those conducted by the previous researchers]]>
<![CDATA[Rethinking Islamic Economic and Finance Practices in Indonesia : Some Critical Reviews ]]>
<![CDATA[Iskandar, Azwar]]>;
<![CDATA[Bayu Taufiq Possumah]]>;
<![CDATA[Arfan Arifuddin]]>
<![CDATA[ International Journal of Islamic Business and Economics (IJIBEC) Vol 4 No 2 (2020): Volume 4 Nomor 2 Tahun 2020 ]]>
Publisher : <![CDATA[Universitas Islam Negeri K.H. Abdurrahman Wahid Pekalongan ]]>
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DOI: 10.28918/ijibec.v4i2.2751
<![CDATA[This research aims to analysis some issues related to the Islamic economic and financial practices in Indonesia. This research used a descriptive-qualitative approach with content analytical, library research and critical study method. This research found some critical points on Islamic economic and financial practices in Indonesia: (i) the Islamic banking in Indonesia showed inconsistencies and partial implementations; (ii) the Islamic economic practices were not too far from the surrounding financial sectors (iii) the Islamic financial practices in Indonesia mostly focused on the Islamic Commercial Finance (ICF) sector and less concerned on the Islamic Social Finance (ISF); (iv) Sharia financial institutions were more precisely than those called ”Bank Syariah” (v) the epistemological problems in the Islamic economic curriculum needed to be answered and resolved to avoid the contra-productive outputs from the fundamental purposes. It was necessary to conduct the re-orientation of Sharia banking to strengthen its vision. All involving parties should be able to collaborate with academicians, practitioners, governments, scholars, and organizations. Those parties’ reorientation and synergy shall solve the problems related to the partial implementation of banking and answer all criticisms directed to the sharia banking]]>
<![CDATA[Diagnostic of Innovations and Volatility Persistence in Emerging Markets : Evidence from Sukuk and Stock Indices ]]>
<![CDATA[Widad, Metadjer]]>;
<![CDATA[Benbekhti Seyf Eddine]]>;
<![CDATA[Boulila Hadjer]]>
<![CDATA[ International Journal of Islamic Business and Economics (IJIBEC) Vol 4 No 2 (2020): Volume 4 Nomor 2 Tahun 2020 ]]>
Publisher : <![CDATA[Universitas Islam Negeri K.H. Abdurrahman Wahid Pekalongan ]]>
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DOI: 10.28918/ijibec.v4i2.2355
<![CDATA[This paper analysis the persistence of shock and volatility of both Islamic and conventional financial markets, as well as the natural correlation between those markets. This study used the Bivariate BEKK-GARCH (1,1) model to examine the persistence of shock and volatility based on the daily prices in Dubai Islamic Capital Market (Sukuk index) and conventional Stock Market (DFM index). The results showed that both Sukuk and stock market indices were affected by their own news, while the volatility was persistent during the period of this research. The study also found a negative correlation between prices in both Sukuk and Stock markets during the Dubai debt crisis indicating that Islamic bonds were considered as a good portfolio diversifier. This study defines the natural correlation between the daily prices of both Sukuk and stock market, unlike the other studies which used returns. In addition, the empirical results might be valuable for investors and market makers to ensure a good portfolio diversification strategy]]>
