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Al-Infaq : Jurnal Ekonomi Islam
ISSN : 20872178     EISSN : 25796453     DOI : https://doi.org/10.32832/alinfaq
Core Subject : Economy, Education,
Al-Infaq : Jurnal Ekonomi Islam published twice a year since 2010 (June and December), is a multilingual (Bahasa and English), peer-reviewed journal, and specializes in Islamic Economic. This journal is published by the Islamic Economic Department, Faculty of Islamic Studies, and Doctoral Program of Islamic Economic, Graduate School, Ibn Khaldun University of Bogor, in partnership with Ibn Khaldun University of Bogor, Indonesia, in partnership with Masyarakat Ekonomi Syariah (MES) Wilayah Bogor. Editors welcome scholars, researchers and practitioners of Islamic Economic around the world to submit scholarly articles to be published through this journal. All articles will be reviewed by experts before accepted for publication. Each author is solely responsible for the content of published articles.
Articles 183 Documents
MAXIMIZING PROFITABILITY: ANALYZING THE IMPACT OF OPERATIONAL EFFICIENCY AND CAPITAL STRENGTH ON BANK BJB SYARIAH'S FINANCIAL PERFORMANCE Siregar, Rahmi Annasari; Arif, Suyud; Kartika, Tika
Al-Infaq: Jurnal Ekonomi Islam Vol. 15 No. 1 (2024)
Publisher : Fakultas Agama Islam, Universitas Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32832/alinfaq.v15i1.2158

Abstract

This study aims to analyse the impact of the BOPO (Operating Costs to Operational Income) and CAR (Capital Adequacy Ratio) ratios on the profitability of Islamic banks registered with the OJK for the period from 2015 to 2022. Using the Vector Auto Regression (VAR) method, the research employs purposive sampling to select relevant data. The findings reveal that, for Bank BJB Syariah, the BOPO ratio does not have a significant effect on profitability, as indicated by a probability value of 0.2047, which exceeds the 10% significance level. Similarly, the CAR ratio also shows no significant impact on profitability, with a probability value of 0.9785, again above the 10% threshold. These results suggest that, within the context of Bank BJB Syariah, both operational efficiency and capital adequacy do not directly influence profitability as measured by Return on Assets (ROA). This study contributes to the understanding of the financial dynamics of Islamic banking, highlighting the need for further investigation into other factors that may affect profitability in this sector.
DRIVING CUSTOMER SATISFACTION THROUGH PRODUCT QUALITY, SERVICE EXCELLENCE, AND EMPLOYEE PERFORMANCE: INSIGHTS FROM BSI BOGOR Parhana, Parhana; Nawawi, Kholil; Kartika, Tika
Al-Infaq: Jurnal Ekonomi Islam Vol. 15 No. 1 (2024)
Publisher : Fakultas Agama Islam, Universitas Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32832/alinfaq.v15i1.2159

Abstract

This study aims to determine the effect of product quality and service quality and employee performance on customer satisfaction at Bank Syariah Indonesia (Case Study of BSI Customers in Bogor City). The subjects of this research are BSI customers. The data collection technique used was a questionnaire. By distributing questionnaires to 100 respondents. This sampling technique is non-probability sampling through purposive sampling technique. The research method used is multiple linear regression analysis using the SPSS version 29 software. Partially tested, the two independent variables namely product quality (X1) and employee performance (X3) have an effect on customer satisfaction with a significant level of product quality (X1) 0.014 <0.05, and employee performance (X3) 0.001 <0.05. While one independent variable, namely service quality (X2) has no significant effect on customer satisfaction with a significant level of servicequality (X2) 0.068> 0.05.
BOOSTING STUDENT PURCHASING INTENTION: THE ROLE OF INSTAGRAM MARKETING, HALAL AWARENESS, AND PRODUCT QUALITY FOR MOCHIBO Rismaningsih, Siswi; Kosim, Ahmad Mulyadi; Dewi, Reni Sinta
Al-Infaq: Jurnal Ekonomi Islam Vol. 15 No. 1 (2024)
Publisher : Fakultas Agama Islam, Universitas Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32832/alinfaq.v15i1.2160

Abstract

The objective of this study is to examine the impact of Instagram digital marketing, halal awareness, and product quality on the purchasing behavior of students at MSMEs Mochibo. This study employs a form of quantitative research. A non-probability sampling technique was employed to collect data from a sample of 101 respondents. A data collection technique was employed through the distribution of questionnaires. The data analysis technique employed includes classical assumption testing, multiple regression, hypothesis testing (t-test and F test), and the coefficient of determination. The data processing involves the utilization of SPSS software, specifically version 26. The findings of this study suggest that Instagram digital marketing has a notable impact on student buying interest at MSMEs Mochibo. However, the study did not find any significant effect of halal awareness on student buying interest at MSMEs Mochibo. Additionally, the studyfound that product quality has a significant influence on student buying interest at MSMEs Mochibo. This study aims to enhance students' understanding of halal practices and their impact on consumer behavior. Specifically, it focuses on how the message conveyed can influence students' buying interest in Mochibo MSMEs.
The Islamic Banking Dilemma: Are CEO Turnover And IPO The Right Steps For Islamic Banks In GCC? Sarif, Reza; Wicaksono, Ahmad Tibrizi Soni
Al-Infaq: Jurnal Ekonomi Islam Vol. 15 No. 2 (2024)
Publisher : Fakultas Agama Islam, Universitas Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32832/alinfaq.v15i2.2268

Abstract

This research aims to measure banking performance by revealing the influence of CEO changes and IPOs on Islamic banks. Apart from that, this research also involves control variables, namely GDP and inflation, to verify and test the robustness of the findings. This research uses a quantitative approach, measured using a panel data regression-based method with Eviews version 12. The population of this research is Islamic banks in the GCC region for the period 2013 - 2022. The sample was determined based on the purposive sampling method with a total sample of 17 companies, so the total observations in the research are 2040 observations. The data used in this research is secondary data. The data collection technique uses documentation methods via the sites: https://www.ifsb.org/, https://data.worldbank.org/, and the personal banking website. The research results prove that the CEO turnover probability value is 0.035 <0.05 with a t-statistic of -2.102, meaning that CEO turnover has a negative and significant effect on financial performance. The probability value of Initial Public Offering is 0.0002 <0.05 with a t-statistic of 3.766 so it can be concluded that IPO has a significant positive effect on financial performance. Macroeconomic control variables also have a significant effect on financial performance as evidenced by a probability value of 0.000. Meanwhile, the results of the f test show a probability value of 0.000 < 0.05, this result shows that there is a simultaneous influence in this research.
Muslim Tourists' Purchase Intention Of Halal Food In Türkiye Rusydiana, Aam Slamet; Maysyaroh, Siti; Awdalkrem, Hussein
Al-Infaq: Jurnal Ekonomi Islam Vol. 15 No. 2 (2024)
Publisher : Fakultas Agama Islam, Universitas Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32832/alinfaq.v15i2.2269

Abstract

This study aims to explore the purchase intention of halal food products in Türkiye from the perspective of Muslim tourists. This study is a quantitative research using primary data. A total of 130 Muslims who have visited Türkiye became respondents and filled out this research questionnaire. The data obtained were then analyzed using the PLS-SEM method with the help of SmartPLS 3.0 software. The findings of this study indicate that halal credence and NFC (Need for Cognition) do not have a significant direct relationship with halal purchase intention. Both also have no significant indirect relationship with halal purchase intention through halal consumer attitudes as a mediating variable.
Harmonizing Social And Religious Values In Sharia Economic Practices Fachrozi, Fachrozi; Khusnudin, Khusnudin
Al-Infaq: Jurnal Ekonomi Islam Vol. 15 No. 2 (2024)
Publisher : Fakultas Agama Islam, Universitas Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32832/alinfaq.v15i2.2270

Abstract

This study aims to explore the harmonization of social and religious values within Sharia economic practices, focusing on the Indonesian context. The objective is to understand how these values can be integrated into everyday economic activities to promote ethical behavior and community welfare. Utilizing a systematic literature review (SLR) methodology, the research synthesizes various academic sources to identify key themes, trends, and insights. The thematic analysis reveals that education and awareness are crucial in fostering a Sharia-compliant economic environment. The findings highlight the significant role of Islamic finance in aligning financial practices with social values such as equity and justice, which are essential for community development. Additionally, the research identifies challenges, including diverse religious interpretations and limited awareness, which hinder the growth of Islamic economics in a pluralistic society. The study concludes that targeted educational initiatives and robust regulatory frameworks are necessary to facilitate the acceptance and effectiveness of Sharia economic practices.
Factors Influencing Cooperative Members' Intention In Wakaf At Kopsyah BMI Leuwiliang, Rajeg And Ciawi Branches RH, Alhamidi Putrabana; Tanjung, Hendri; Ibdalsyah, Ibdalsyah
Al-Infaq: Jurnal Ekonomi Islam Vol. 15 No. 2 (2024)
Publisher : Fakultas Agama Islam, Universitas Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32832/alinfaq.v15i2.2271

Abstract

The aim of this study is to identify and analyze the factors influencing cooperative members' interest in waqf, specifically focusing on income, knowledge, and information media, using case studies of Kopsyah BMI branches in Leuwiliang, Rajeg, and Ciawi. The research seeks to assess the impact of these factors on waqf collection and address obstacles hindering optimal implementation. The research method used is a quantitative research method using survey analysis which aims to find out in detail. This research focuses on income, knowledge and information media factors that support waqf collection. The results of the analysis show that: (1) in the parameter estimation equation for the income variable, a z value of 2.122 is obtained and a sig value <0.05, namely 0.034, which means that there is an influence of the predictor variable. in his response. (2) The results of the probit parameter estimation test obtained a z value of 2.013 and a sig value <0.05, namely 0.044, which means that there is an influence of the predictor variables on the response. (3) The results of the probit parameter estimation test obtained a z value of 0.210 where the sig value > 0.05, namely 0.834, which means that the information media variable has no influence or relationship on waqf interest.
Islamic And Technological Factors In Islamic Bank Customers’ Satisfaction Herlina, Adek; Rahmany, Sri; Hendarsyah, Decky
Al-Infaq: Jurnal Ekonomi Islam Vol. 15 No. 2 (2024)
Publisher : Fakultas Agama Islam, Universitas Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32832/alinfaq.v15i2.2272

Abstract

This study examines the influence of Islamic branding, Islamic service quality, internet banking, mobile banking, and automatic teller machine (ATM) facilities on Islamic bank customers’ satisfaction. This study adopted a quantitative approach with primary data sources in questionnaires obtained from 332 respondents and analyzed using multiple linear regressions. The main result shows that Islamic branding, Islamic service quality, internet banking, mobile banking, and ATM facilities affect Islamic bank customers’ satisfaction. The dominant factor influencing Islamic bank customers’ satisfaction is internet banking. This study can complement existing theories and be used as a reference in implementing Islamic banking market development strategies. Meanwhile, from a managerial perspective, this study can be used as a reference for improving brand image and quality of service in an Islamic way, as well as technological facilities.
Analysis Of Waqf Fundraising Strategies At Masjid Al-Hidayah BCV: An Analytical Hierarchy Process Approach Study Yasir, Sulaeman; Ayuniyyah, Qurroh; Supriyanto, Trisiladi
Al-Infaq: Jurnal Ekonomi Islam Vol. 15 No. 2 (2024)
Publisher : Fakultas Agama Islam, Universitas Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32832/alinfaq.v15i2.2273

Abstract

In practice, waqf (Islamic endowment) in Indonesia faces many difficult challenges, as it is generally known as unproductive waqf. Cash waqf has the potential to not only serve as a religious ritual but also to empower public welfare. This study aims to identify the priority factors that hinder the development of cash waqf practices at Al-Hidayah BCV Mosque using the Analytic Hierarchy Process (AHP) method, as well as to offer solutions for the identified issues. The research findings indicate that the problems in managing cash waqf at Al-Hidayah BCV Mosque are divided into four key aspects: Human, Trust, System, and Economic. The ranking of issues from highest to lowest priority is: 1) Human (with the highest priority sub-criterion: Human Resources); 2) Trust (with the highest priority sub-criterion: Commitment); 3) System (with the highest priority sub-criterion: Innovation); 4) Economic (with the highest priority sub-criterion: Funding). The solutions to these issues, based on priority, are: 1) Human (with the highest priority sub-criterion: Leadership); 2) Trust (with the highest priority sub-criterion: Transparency); 3) System (with the highest priority sub-criterion: Legal Entity); 4) Economic (with the highest priority sub-criterion: Collaboration). The strategies for these issues, based on priority, are: 1) Partnership (with the highest priority sub-criterion); 2) Strong Message (with the second highest priority sub-criterion); 3) Program Variation (with the third highest priority sub-criterion); 4) Reward (with the lowest priority sub-criterion).
The Influence Of EPS And Sales Growth On Stock Prices In Sharia Property Companies Listed On The Indonesian Sharia Stock Index Mutawali, Mutawali; Larasati, Ratih Dewi
Al-Infaq: Jurnal Ekonomi Islam Vol. 15 No. 2 (2024)
Publisher : Fakultas Agama Islam, Universitas Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32832/alinfaq.v15i2.2274

Abstract

The study aims to determine and prove empirically the effect of Earning Per Share and Sales Growth on Stock Prices in Sharia Property and Real Estate Sector Companies Listed on the Indonesian Sharia Stock Index for the Period 2013 - 2022. The research method used is quantitative with a sample of 30 data on 3 companies based on purposive sampling technique. The data analysis used in this research is descriptive statistics, classical assumption test, multiple linear regression, hypothesis testing (t test and f test) and determination coefficient test. The results showed that partially (t) Earning Per Share has a significant effect on stock prices while Sales Growth has no significant effect on stock prices.  Simultaneously (f) Earning Per Share and Sales Growth have a significant effect on stock prices. The results of the coefficient of determination test obtained an Adjusted R-squared value of 0.738823, this shows that the ability to explain the independent variables, namely Earning Per Share and Sales Growth on stock prices is 73.88% while the remaining 26.12% is explained by other variables not tested in this study.