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INDONESIA
Jurnal Ekonomi dan Bisnis Islam
Published by Universitas Airlangga
ISSN : 24426563     EISSN : 25273027     DOI : -
Core Subject : Economy,
Journal of Economics and Business Islamic (JEBIS) accepts original manuscripts in the field of Islamics Economics, including research reports, case reports, application of theory, critical studies and literature reviews. The spread of Islamic Economics include: 1. Islamic Finance and Capital Market 2. Islamic Banking 3. Management of Islamic Business and Entrepenuership 4. Islamic Financial Institution non Bank
Arjuna Subject : -
Articles 187 Documents
EVOLUTION OF ISLAMIC SOCIAL REPORTING: VIEWED FROM ISLAMIC POSITION IN THE CONTINUUM SOCIAL RESPONSIBILITY Bayu Tri Cahya; Farida Rohmah
Jurnal Ekonomi dan Bisnis Islam | Journal of Islamic Economics and Business Vol. 5 No. 2 (2019): JULY-DECEMBER 2019
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v5i2.15143

Abstract

Islamic Social Reporting (ISR) is a form of reporting on social activities based on spiritual principles and community expectations holistically related to the role of companies in society and  the environment.  This  article analyzes  the evolution  and  implementation  of  Islamic Social Reporting. This study was conducted with a literature study by reviewing the empirical evidence of previous research and the legal framework used as the foundation. This study reviews the evolution of the Islamic Social Reporting literature in an effort to evaluate its current position. From the review, it is proven that companies who implement the reporting of social activities presented in the company's annual report have been at the strategic level of  the  Islamic  responsibility  continuum.  Where  the  level  of  corporate  reporting  in  this category, indicates that the company has fulfilled the principle of social responsibility. The Strategic level itself includes altruistic responsibilities such as contributive actions to the community, providing decent wages to employees, conservation of the environment, so that long-term expectations can increase credibility and the level of trust of its stakeholders. Keywords: Islamic Social Reporting, Spiritual Perspective, Responsibilities.
THE INFLUENCE OF INTELLECTUAL CAPITAL ON RETURN ON ASSETS AND RETURN ON EQUITY SHARIA RURAL BANK 2015 – 2017 PERIOD Qori Naufallita; Achsania Hendratmi
Jurnal Ekonomi dan Bisnis Islam | Journal of Islamic Economics and Business Vol. 5 No. 2 (2019): JULY-DECEMBER 2019
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v5i2.11787

Abstract

ABSTRACT Purpose of this study is to determine the effect of Human Capital Efficiency, Capital Employed Efficiency, and Structural Capital Efficiency on Return On Assets and Return On Equity of Islamic Rural Banks period 2015-2017. This study uses a quantitative approach. Sampling technique is purposive sampling and there were 24 Islamic Rural Banks in Indonesia as subject of research. Analysis technique used is Panel Data Analysis.The results of this study indicate that CEE has a significant positive effect on ROA. Whereas HCE and SCE have no effect on ROA. Simultaneously HCE, CEE and SCE have a significant positive effect on ROA. In addition, the results of this study indicate that HCE and CEE have a significant positive effect on ROE, both partially and simultaneously.ABSTRAKPenelitian ini bertujuan untuk mengetahui pengaruh Human Capital Efficiency (HCE), Capital Employed Efficiency (CEE) dan Structural Capital Efficiency (SCE) pada Return On Assets dan Return On Equity Bank Pembiayaan Rakyat Syariah periode 2015-2017. Penelitian ini menggunakan pendekatan kuantitatif. Pengambilan sampel menggunakan purposive sampling dan terdapat 24 BPRS yang menjadi subyek penelitian. Teknik analisis menggunakan analisis Regresi Data Panel.Hasil penelitian menunjukkan CEE berpengaruh signifikan positif terhadap ROA. Sedangkan HCE dan SCE tidak berpengaruh terhadap ROA  Secara simultan HCE, CEE dan SCE berpengaruh signifikan positif terhadap ROA. Selain itu, hasil penelitian ini menunjukkan bahwa HCE dan CEE berpengaruh signifikan positif terhadap ROE, baik itu secara parsial maupun simultan. 
THE EFFECT OF MACROECONOMIC VARIABLES IN PREDICTING INDONESIAN SHARIA STOCK INDEX Angga Khoerul Umam; Ririn Tri Ratnasari; Sri Herianingrum
Jurnal Ekonomi dan Bisnis Islam | Journal of Islamic Economics and Business Vol. 5 No. 2 (2019): JULY-DECEMBER 2019
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v5i2.15031

Abstract

ABSTRACTThis study examines the impact of macroeconomic variables, namely the exchange rate, interest rates, industrial production index, SBIS and inflation on the Indonesian Islamic stock index. This study uses monthly data from May 2011 to December 2018. This research is a quantitative study that applies the Johansen Cointegration Test and Vector Error Correction Model to see the long-term impact and shock response on certain variables. The findings indicate the existence of short-term and long-term causality between macroeconomic variables and the Indonesian Islamic stock index. Especially in the long run, industrial production index and inflation have a significant effect on ISSI, while the exchange rate, interest rates and SBIS have no significant effect on ISSI. IRF results show that the response of each variable and stable at different times. The ISSI response experienced a positive shock that occurred in the industrial production index and inflation. On the other hand, the exchange rate, the Bungan rate and SBIS were responded negatively by ISSI.
RISK EFFECT ON CONTRIBUTION OF PARTICIPANTS IN SHARIA INSURANCE INDONESIA Anisa Istiqomah; Vidia Gati
Jurnal Ekonomi dan Bisnis Islam | Journal of Islamic Economics and Business Vol. 6 No. 1 (2020): JANUARY-JUNE 2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v6i1.18254

Abstract

This study aims to prove the effect of operational costs, investment returns, claims and minimum risk-based tabarru' funds partially and simultaneously on the contribution of Islamic general insurance in Indonesia 2015-2018. This study uses a quantitative approach with secondary data in the form of publication of annual Islamic financial statements and sample selection using a purposive sampling technique. The amount of data is 11 companies with observations over four years to obtain 44 observational data used as samples in this study. The technique used is regression analysis using a fixed effect model (FEM) panel data. The results illustrate that partially, minimum variable costs based on operational risk, claims, and tabarru’ funds have a significant positive effect on participant contributions. Thus proving that the higher the minimum operational costs based on claims, and tabarru’ 'will influence the determination of participant contributions. As for investment returns, it has no effect on determining participant contributions because funds can be allocated to increase assets. Simultaneous statistical test results from operational costs, investment returns, claims, minimum risk-based funds are influenced by participant contributions. This research suggestion should be that Islamic general insurance companies can conduct regular audits on the use of operational costs to make it more efficient so that the allocation of contribution costs can be directed towards the growth of assets or minimum risk-based tabarru’ funds of the company.Keywords: Contribution, Islamic insurance, Participant, Risk-based, Tabarru’ funds
THE EFFECT OF RELIGIOSITY AND TRUST ON INTENTION TO PAY IN ZISWAF COLLECTION THROUGH DIGITAL PAYMENTS Fadillah Nur Syafira; Ririn Tri Ratnasari; Shafinar Ismail
Jurnal Ekonomi dan Bisnis Islam | Journal of Islamic Economics and Business Vol. 6 No. 1 (2020): JANUARY-JUNE 2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v6i1.17293

Abstract

The use of digital payment in Indonesia has increased rapidly. The number of users continues to grow every year, making various zakat institutions, infaq, sadaqah, and waqf start innovating to raise funds using a digital payment system. This excellent innovation seems in contrast with the amount of of zakat funds, infaq, waqf, and alms collected; it is still far below the potential number of funds. Many factors influence the intention to pay of the Muslim community in paying zakat, infaq, endowments, and alms. Some factors that need to be investigated are religiosity and trust factor. The aim of this research is to analysis the religiosity and trust factor towards intention to pay zakat, infaq and endowment. Based on that statement, questionnaires will be given to 200 respondents to determine the effect of these factors on the intention to pay of the Muslim community in paying zakat, infaq, endowments, and alms. Using mix methods between quantitative and qualitative, the data is primary from questioner. The result of this study shows that each religiosity and trust has insignificant and significant related to the intention to pay zakat, infaq, endowments, and alms. However, trust as intervening variable could affect religiosity indirectly, regarding its impact towards intention to pay.Keywords: Digital Payment, Intention to Pay, Religiosity, Trust, ZISWAF
WAQF AND LEGACY OF ALTRUISM IN SINGAPORE: CHALLENGES AND DEVELOPMENT Lisa Listiana; Syed Musa Alhabshi
Jurnal Ekonomi dan Bisnis Islam | Journal of Islamic Economics and Business Vol. 6 No. 1 (2020): JANUARY-JUNE 2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v6i1.19736

Abstract

The success story of waqf development in Singapore has been significantly acknowledged. The successful experience warrants for learning models for comparative experiences among other Muslim countries in Asia. This study document and analyze to share two main research objectives related to the Waqf practices. First, it aims to explore and elaborate on the dynamics of waqf administration and property development in Singapore. Second, analyzes the significance of past altruistic waqf landmark activities towards the Muslim community in Singapore. Based on prior studies, this research phenomenon has yet to be addressed and highlighted in any previous study. A qualitative approach with a case study research design is applied in this research. In-depth semi-structured interview sessions with 4 private mutawallis are complemented with reviews of relevant documents. This study finds that external factors, including mandatory acquisition by the government, higher living costs, and several legal restrictions represent the main challenges to the waqf sector in the country. On other hand, effective governing roles played by MUIS as waqf authority in the country enable the initiative of new waqf type and redevelopment of existing waqf properties. In the present time, these endowed properties provide benefits not only for the Muslim community in Singapore but also to significant other beneficiaries outside Singapore. The findings of this study indicate that the legacy of waqf inspires altruism in the modern Singaporean Muslim community. It becomes the basis for contemporary waqf practice among Muslims in Singapore and assists them to be a self-sustaining passionate and harmonic community.Keywords: Altruism, Legacy, Muslim Community, Singapore, Waqf
ANALYSIS OF SHARIA INNOVATION STRATEGIC AND EFFICIENCY TOWARD SUSTAINABLE ABILITY SHARIAH MANDIRI BANKS IN LAMPUNG Andri Andri; Tulus Suryanto; Ruslan Abdul Ghofur; Erike Anggraeni
Jurnal Ekonomi dan Bisnis Islam | Journal of Islamic Economics and Business Vol. 6 No. 1 (2020): JANUARY-JUNE 2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v6i1.18712

Abstract

This study aims to reveal the influence of factors that influence the ability of 'sustainable banks' in facing threats from the internal and external environment, especially financial technology. The novelty of this article lies in the discovery of research results that provide a complex development model in the strategy of Islamic financial institutions in maintaining sustainable capability. Quantitative research methods with Islamic economics approach are chosen to answer the research hypotheses. The 30 sample respondents consisting of Branch Managers and Senior Employees from branch offices and sub-branch offices of the Bank Syariah Mandiri (BSM) Lampung Province are potential primary data used. The results revealed that there was a positive and significant effect of 80.6% between sharia innovation and efficiency on the sustainability of Bank Syariah Mandiri in Lampung Province. While the remaining 18.4% is influenced by other variables not examined in the study. In creating new innovations and efficiencies, BSM Lampung Province must always be in the corridors of Islamic principles as rahmatan lil alamin.Keywords: Bank, Efficiency, Innovation, Sharia, Sustainability
THE EFFECT OF TOURISM IMAGE, SERVICE QUALITY, AND PROMOTION ON RELIGIOUS TOURISM INTEREST IN PRINGSEWU REGENCY Fauzi Fauzi; Tulus Suryanto; Erike Anggraeni; Muhammad Nasor
Jurnal Ekonomi dan Bisnis Islam | Journal of Islamic Economics and Business Vol. 6 No. 1 (2020): JANUARY-JUNE 2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v6i1.18713

Abstract

Interest in religious tourism in the Pringsewu Kapubaten, Indonesia is still relatively low. The purpose of this study is to reveal whether there is an influence of tourism image, service quality, and tourism promotion on the interest of Muslim religious tourism in the Pringsewu district. The research method used is a quantitative method using an accidental sampling technique. Data analysis techniques using multiple linear regression with the help of SPSS 19.0. The originality of the research lies in the sharia economic approach which is carried out to reveal descriptively the results of the influence of three independent variables on the interest of Muslim religious tourism in Pringsewu that have never been revealed by previous studies. The results of the study stated that the percentage contribution of the three variables together amounted to 51.9%. This explains that the image of Muslim religious tourism, service quality, and tourism promotion can be a strategy to increase the interest of Muslim religious tourism in the Pringsewu district.Keywords: Tourism Image, Service Quality, Religious Tourism, Tourism Interests, Tourism Promotion
THE EFFECT OF COUNTRY RISK AND MACROECONOMIC ON JAKARTA ISLAMIC INDEX Masrizal Masrizal; Miftahurrahman Miftahurrahman; Sri Herianingrum; Yayan Firmansah
Jurnal Ekonomi dan Bisnis Islam | Journal of Islamic Economics and Business Vol. 6 No. 1 (2020): JANUARY-JUNE 2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v6i1.14707

Abstract

This study examines the impacts of Indonesia's country risks (i.e. financial risk, political risk, and economic risk), exchange rate, oil prices, and industrial production index on the Jakarta Islamic Index (JII). This research use monthly data from January 2003 to March 2016 with a quantitative research approach that applies Johansen Cointegration Test and Vector Error Correction Model (VECM) to see the long-term impact and response of shocks on certain variables. The findings show the existence of short-term and long-term causalities between macroeconomic variables and the Jakarta Islamic index. Specifically, in the long run, financial risk, oil prices, and exchange rates have a significant positive effect on Jakarta Islamic Index, while economic risks and industrial production index have a significant negative on Jakarta Islamic Index. This finding shows that investors consider financial risks, economic risks, and exchange rates in investments. This finding also tells the government that several important macroeconomic indicators need to be considered.Keywords: Country Risk, Macroeconomic, Jakarta Islamic Index, Vector Error Correction Model, Indonesia
ANALYSIS OF INTERNATIONAL INDEX ON INDONESIAN SHARIA STOCK INDEX Shofal Iman; Imron Mawardi; Md Atiqur Rahman Sarker
Jurnal Ekonomi dan Bisnis Islam | Journal of Islamic Economics and Business Vol. 6 No. 1 (2020): JANUARY-JUNE 2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v6i1.10961

Abstract

This study aims to determine the influence of long-term and short-term global stock index on the Indonesian Islamic stock index. The approach used is a quantitative approach and uses the Error Correction Model (ECM) method. ECM is an analytical model that can be used in time series data to estimate the effect of independent variables on long-term and short-term use variables. The sample used was taken from secondary data, namely global stock index data consisting of the DJIA, N225 and HSI indices, and the Indonesian sharia stock index in the form of the ISSI index in the period of January 2013 to December 2017, so that 60 samples were obtained. The test results show that in the long run, the DJIA and HSI indices have a significant positive effect on the ISSI index, while the N225 index has a significant negative effect on the ISSI index. In the short term, only the DJIA index has a significant positive effect on the ISSI index.Keywords: Dow Jones Industrial Average, Hang Seng Index, Indonesian Sharia Stock Index, Nikkei 225, Error Correction Model

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