Pub Date : 2021-08-17DOI: 10.20885/jeki.vol7.iss2.art3
R. A. Kasri, Karina Mariz, A. Halimatussadiah
Purpose – With the implementation of Sustainable Development Goals (SDGs), there has been growing attention towards food-wasting behaviors under the public and scientific domain due to its strong economic, environmental, and social consequences. However, educational institutions–which are expected to implement ethical consumption behaviors–still face various challenges to implement it. Hence, the study aims to identify the determinants influencing food-wasting behavior amongst university students in Indonesia. Methodology – The study employed a quantitative research method, in which primary data from 780 students from Universitas Indonesia is analyzed using the logistic regression model. The main variables used are eating disciplines (proxies of intergenerational value variable), religiosity, and several socio-demographic factors. Findings – The study found that current eating discipline, desire to educate/discipline future offspring on the habit of finishing food and meal planning significantly influence food-wasting behavior amongst university students. This implies the importance of intergenerational value transmission in influencing ethical consumption behavior. In contrast, despite being a religious country, no significant relationship was found between religiosity and food-wasting behavior. Types of university degrees and gender were also found to significantly influence food-wasting behavior. Practical implications – The findings implied that families and educational institutions should attempt to increase students’ awareness and induce a more positive value transmission towards ethical consumption behavior, including linking food-wasting behaviors to curriculum and religious teaching/practices. Furthermore, given the reciprocal nature of the intergenerational value transmission, higher awareness regarding food waste issues should encourage a more positive attitude and behavior of students and subsequently be used to influence their families, friends, and offspring in the future. Originality – While some studies have examined the connection between religiosity and ethical consumption behavior, few studies have attempted to assess the relationship between religiosity and individual food-wasting behavior at a collegiate level. This study tries to fill the gap in the context of the university in Indonesia.
{"title":"Intergenerational value transmission, religiosity, and ethical consumption: Evidence from college students in Indonesia","authors":"R. A. Kasri, Karina Mariz, A. Halimatussadiah","doi":"10.20885/jeki.vol7.iss2.art3","DOIUrl":"https://doi.org/10.20885/jeki.vol7.iss2.art3","url":null,"abstract":"Purpose – With the implementation of Sustainable Development Goals (SDGs), there has been growing attention towards food-wasting behaviors under the public and scientific domain due to its strong economic, environmental, and social consequences. However, educational institutions–which are expected to implement ethical consumption behaviors–still face various challenges to implement it. Hence, the study aims to identify the determinants influencing food-wasting behavior amongst university students in Indonesia. Methodology – The study employed a quantitative research method, in which primary data from 780 students from Universitas Indonesia is analyzed using the logistic regression model. The main variables used are eating disciplines (proxies of intergenerational value variable), religiosity, and several socio-demographic factors. Findings – The study found that current eating discipline, desire to educate/discipline future offspring on the habit of finishing food and meal planning significantly influence food-wasting behavior amongst university students. This implies the importance of intergenerational value transmission in influencing ethical consumption behavior. In contrast, despite being a religious country, no significant relationship was found between religiosity and food-wasting behavior. Types of university degrees and gender were also found to significantly influence food-wasting behavior. Practical implications – The findings implied that families and educational institutions should attempt to increase students’ awareness and induce a more positive value transmission towards ethical consumption behavior, including linking food-wasting behaviors to curriculum and religious teaching/practices. Furthermore, given the reciprocal nature of the intergenerational value transmission, higher awareness regarding food waste issues should encourage a more positive attitude and behavior of students and subsequently be used to influence their families, friends, and offspring in the future. Originality – While some studies have examined the connection between religiosity and ethical consumption behavior, few studies have attempted to assess the relationship between religiosity and individual food-wasting behavior at a collegiate level. This study tries to fill the gap in the context of the university in Indonesia.","PeriodicalId":34834,"journal":{"name":"Jurnal Ekonomi dan Keuangan Islam","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43169620","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-17DOI: 10.20885/jeki.vol7.iss2.art4
Mohammad Arif, Uut Tri Cahyani
Purpose – This study aims to examine the effect of branchless banking on the level of profitability in Islamic banks. Methodology – This study uses two Islamic banks that have implemented branchless banking (BRI Syariah and BTPN Syariah) and two Islamic banks that have not implemented this policy (BNI Syariah and Bukopin Syariah). This study uses regression analysis techniques with panel data. The model used in this study is the fixed effect model. Findings – This study shows that the branchless banking policy has a positive impact on profitability. This result implies that the implementation of branchless banking can improve the performance of Islamic banks in Indonesia. So, it is hoped that other Islamic banks can implement this branchless banking policy to overcome the limitations of their network. In addition, branchless banking can expand customer reach to areas that have not been served well by Islamic banks. Originality – Research on branchless banking in Islamic banks in Indonesia is still limited. There are only few studies comparing banks that have implemented branchless banking with banks that have not implemented this policy. Therefore, this research will contribute to a study that discusses branchless banking in Islamic banks in Indonesia, especially its impact on performance.
{"title":"Branchless banking and profitability in the Indonesian Islamic banking industry","authors":"Mohammad Arif, Uut Tri Cahyani","doi":"10.20885/jeki.vol7.iss2.art4","DOIUrl":"https://doi.org/10.20885/jeki.vol7.iss2.art4","url":null,"abstract":"Purpose – This study aims to examine the effect of branchless banking on the level of profitability in Islamic banks. Methodology – This study uses two Islamic banks that have implemented branchless banking (BRI Syariah and BTPN Syariah) and two Islamic banks that have not implemented this policy (BNI Syariah and Bukopin Syariah). This study uses regression analysis techniques with panel data. The model used in this study is the fixed effect model. Findings – This study shows that the branchless banking policy has a positive impact on profitability. This result implies that the implementation of branchless banking can improve the performance of Islamic banks in Indonesia. So, it is hoped that other Islamic banks can implement this branchless banking policy to overcome the limitations of their network. In addition, branchless banking can expand customer reach to areas that have not been served well by Islamic banks. Originality – Research on branchless banking in Islamic banks in Indonesia is still limited. There are only few studies comparing banks that have implemented branchless banking with banks that have not implemented this policy. Therefore, this research will contribute to a study that discusses branchless banking in Islamic banks in Indonesia, especially its impact on performance.","PeriodicalId":34834,"journal":{"name":"Jurnal Ekonomi dan Keuangan Islam","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48985122","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-05DOI: 10.20885/jeki.vol7.iss2.art2
Exval Mahendra Saputro, S. Hati
Purpose – The aim of the study is to identify the antecedents of the Indonesian Muslim customers' intention to use Islamic mobile payments. Methodology – The data were collected from 437 respondents, i.e., 216 potential users and 221 actual users of Islamic mobile payments. The data were analyzed using a partial least squares structural equation model (PLS-SEM). Findings – The study shows that performance expectancy, perceived religiosity obligation, compatibility, and perceived trust had positive effects on the behavioral intention of Muslim customers. For multi-group analysis, perceived religiosity obligation and compatibility have a significant effect on actual and potential users. Perceived trust significantly influences actual users' behavioral intentions, whereas social influence only significantly affects potential users. Originality – The study was conducted on Islamic mobile payment using actual users and potential users as respondents. The study will contribute to the development of theories on the adoption of technology and Muslim consumers.
{"title":"The antecedents of Muslim customers' behavioral intention towards Islamic mobile payment","authors":"Exval Mahendra Saputro, S. Hati","doi":"10.20885/jeki.vol7.iss2.art2","DOIUrl":"https://doi.org/10.20885/jeki.vol7.iss2.art2","url":null,"abstract":"Purpose – The aim of the study is to identify the antecedents of the Indonesian Muslim customers' intention to use Islamic mobile payments. Methodology – The data were collected from 437 respondents, i.e., 216 potential users and 221 actual users of Islamic mobile payments. The data were analyzed using a partial least squares structural equation model (PLS-SEM). Findings – The study shows that performance expectancy, perceived religiosity obligation, compatibility, and perceived trust had positive effects on the behavioral intention of Muslim customers. For multi-group analysis, perceived religiosity obligation and compatibility have a significant effect on actual and potential users. Perceived trust significantly influences actual users' behavioral intentions, whereas social influence only significantly affects potential users. Originality – The study was conducted on Islamic mobile payment using actual users and potential users as respondents. The study will contribute to the development of theories on the adoption of technology and Muslim consumers.","PeriodicalId":34834,"journal":{"name":"Jurnal Ekonomi dan Keuangan Islam","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-08-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45364943","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-08-05DOI: 10.20885/jeki.vol7.iss2.art1
Budi Trianto, Rahmayati Rahmayati, T. Yuliaty, T. Sabiu
Purpose – This study aims to analyze the factors that influence the inclusiveness of Islamic finance in MSMEs and its impact on their business performance. Methodology – This research uses the quantitative approach through SEM analysis. Data were collected directly from respondents using an online survey questionnaire. Respondents in this study were MSMEs who had interacted with the Islamic Banking with the total sample size of 98 MSMEs owners. Findings – The results of this study show that the socio-cultural and marketing communication variables have a positive and significant impact on Islamic financial inclusion. Meanwhile, Islamic financial literacy has a positive but insignificant impact on Islamic Financial Inclusion. Although financial literacy does not have a significant impact on Islamic financial inclusion, it has a positive and significant impact on the performance of MSMEs. Another result shows that Islamic financial inclusion has a positive and significant impact on the performance of MSMEs in Pekanbaru Originality – Research related to the Islamic Financial Inclusion in the MSMEs in Pekanbaru, Indonesia is very limited. This study will contribute to the existing literature in the area of Islamic Financial Inclusion and the development of MSMEs.
{"title":"Determinant factor of Islamic financial inclusiveness at MSMEs: Evidence from Pekanbaru, Indonesia","authors":"Budi Trianto, Rahmayati Rahmayati, T. Yuliaty, T. Sabiu","doi":"10.20885/jeki.vol7.iss2.art1","DOIUrl":"https://doi.org/10.20885/jeki.vol7.iss2.art1","url":null,"abstract":"Purpose – This study aims to analyze the factors that influence the inclusiveness of Islamic finance in MSMEs and its impact on their business performance. Methodology – This research uses the quantitative approach through SEM analysis. Data were collected directly from respondents using an online survey questionnaire. Respondents in this study were MSMEs who had interacted with the Islamic Banking with the total sample size of 98 MSMEs owners. Findings – The results of this study show that the socio-cultural and marketing communication variables have a positive and significant impact on Islamic financial inclusion. Meanwhile, Islamic financial literacy has a positive but insignificant impact on Islamic Financial Inclusion. Although financial literacy does not have a significant impact on Islamic financial inclusion, it has a positive and significant impact on the performance of MSMEs. Another result shows that Islamic financial inclusion has a positive and significant impact on the performance of MSMEs in Pekanbaru Originality – Research related to the Islamic Financial Inclusion in the MSMEs in Pekanbaru, Indonesia is very limited. This study will contribute to the existing literature in the area of Islamic Financial Inclusion and the development of MSMEs.","PeriodicalId":34834,"journal":{"name":"Jurnal Ekonomi dan Keuangan Islam","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-08-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49433749","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-01-11DOI: 10.20885/JEKI.VOL7.ISS1.ART3
Sulaeman Sulaeman
Purpose – The research paper aims to test empirically the behavioral intention of crowdfunders to use the Islamic crowdfunding platform model based on the theory of the Technology Acceptance Model (TAM). Methodology – The study used primary data that are collected by using the online survey questionnaires and then the analysis is conducted using partial least squares (PLS). Findings – The empirical evidence shows that the perceived usefulness (PU) has a significant positive impact on the behavioral intention (BI) of crowdfunders to use Islamic crowdfunding platform. Furthermore, the perceived ease of use (PEOU) also has a significant and positive relationship as well as direct effect with perceived usefulness (PU) of crowdfunders to use the online platforms. Meanwhile, that perceived ease of use (PEOU) has an insignificant relationship with the behavioral intention (BI) of crowdfunders to use the Islamic crowdfunding platform during the Covid-19 pandemic in Indonesia. Practical implications – The present study has implications for Islamic FinTech companies to provide investment platforms for crowdfunders and financial services for micro small and medium-sized enterprises (MSMEs) during the pandemic of Covid-19. Originality – The finding of this study will contribute to the existing literature in the areas of Islamic FinTech especially on the factors influencing behavioral intentions to use the Islamic crowdfunding platform in times of Covid-19 in Indonesia.
{"title":"Factors determining behavioral intentions to use Islamic crowdfunding platform in times of Covid-19 in Indonesia: Evidence from TAM approach","authors":"Sulaeman Sulaeman","doi":"10.20885/JEKI.VOL7.ISS1.ART3","DOIUrl":"https://doi.org/10.20885/JEKI.VOL7.ISS1.ART3","url":null,"abstract":"Purpose – The research paper aims to test empirically the behavioral intention of crowdfunders to use the Islamic crowdfunding platform model based on the theory of the Technology Acceptance Model (TAM). Methodology – The study used primary data that are collected by using the online survey questionnaires and then the analysis is conducted using partial least squares (PLS). Findings – The empirical evidence shows that the perceived usefulness (PU) has a significant positive impact on the behavioral intention (BI) of crowdfunders to use Islamic crowdfunding platform. Furthermore, the perceived ease of use (PEOU) also has a significant and positive relationship as well as direct effect with perceived usefulness (PU) of crowdfunders to use the online platforms. Meanwhile, that perceived ease of use (PEOU) has an insignificant relationship with the behavioral intention (BI) of crowdfunders to use the Islamic crowdfunding platform during the Covid-19 pandemic in Indonesia. Practical implications – The present study has implications for Islamic FinTech companies to provide investment platforms for crowdfunders and financial services for micro small and medium-sized enterprises (MSMEs) during the pandemic of Covid-19. Originality – The finding of this study will contribute to the existing literature in the areas of Islamic FinTech especially on the factors influencing behavioral intentions to use the Islamic crowdfunding platform in times of Covid-19 in Indonesia.","PeriodicalId":34834,"journal":{"name":"Jurnal Ekonomi dan Keuangan Islam","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45813383","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-01-11DOI: 10.20885/JEKI.VOL7.ISS1.ART2
Jurnal Ekonomi, Keuangan Islam, M. F. Himmawan, Novian Abdi Firdausi
Purpose – This study aims to assess the efficiency and stability of Indonesia Islamic Commercial Banks, and then the results are used as a projection in the Covid-19 period. It uses the sample from 14 Islamic Commercial Banks in Indonesia and its quarterly data from 2017 to 2020. Methodology – The DEA method analyses VRS and CRS scale using output orientation. The Panel ARDL also uses two models from the specifications in DEA, with the inputs as independent variables and the outputs as dependent variables. Findings – The result of DEA is visualized in four quadrants from each CRS and VRS model. Respectively in each model, 1 and 5 banks are highly efficient and stable, 5 and 2 banks have high efficiency but low stability, 4 and 2 banks have low efficiency but high stability, 4 and 5 banks have low efficiency and stability. In the Panel ARDL, third party fund, operational expenses, and total financing have significant and stable long-run effect in both models. In the short-run, only operational expenses significantly affect operational earnings, whereas only total financing significantly affects total assets. Practical implications – Banks may use strategies such as absorbing workforces as marketing representatives, utilizing cooperative agreements, crowdfunding, improving banking technology, creating provisions on expected credit loss, and deferring profit. Research limitations – The limitation of this study is the small sample size because only 14 Islamic commercial banks are used as the sample, without considering the Islamic business units of the conventional banks so the predictive strength of the result only constrained in the Islamic commercial banks. Originality – The study uses two different methods in assessing Islamic Commercial Banks especially in the Covid-19 period, hence adding insights on Islamic Commercial Banks in the pandemic period and further contributes to the Islamic banking field of study.
{"title":"Projection of Indonesian Islamic commercial banks efficiency and stability in the Covid-19 period using DEA and panel ARDL","authors":"Jurnal Ekonomi, Keuangan Islam, M. F. Himmawan, Novian Abdi Firdausi","doi":"10.20885/JEKI.VOL7.ISS1.ART2","DOIUrl":"https://doi.org/10.20885/JEKI.VOL7.ISS1.ART2","url":null,"abstract":"Purpose – This study aims to assess the efficiency and stability of Indonesia Islamic Commercial Banks, and then the results are used as a projection in the Covid-19 period. It uses the sample from 14 Islamic Commercial Banks in Indonesia and its quarterly data from 2017 to 2020. Methodology – The DEA method analyses VRS and CRS scale using output orientation. The Panel ARDL also uses two models from the specifications in DEA, with the inputs as independent variables and the outputs as dependent variables. Findings – The result of DEA is visualized in four quadrants from each CRS and VRS model. Respectively in each model, 1 and 5 banks are highly efficient and stable, 5 and 2 banks have high efficiency but low stability, 4 and 2 banks have low efficiency but high stability, 4 and 5 banks have low efficiency and stability. In the Panel ARDL, third party fund, operational expenses, and total financing have significant and stable long-run effect in both models. In the short-run, only operational expenses significantly affect operational earnings, whereas only total financing significantly affects total assets. Practical implications – Banks may use strategies such as absorbing workforces as marketing representatives, utilizing cooperative agreements, crowdfunding, improving banking technology, creating provisions on expected credit loss, and deferring profit. Research limitations – The limitation of this study is the small sample size because only 14 Islamic commercial banks are used as the sample, without considering the Islamic business units of the conventional banks so the predictive strength of the result only constrained in the Islamic commercial banks. Originality – The study uses two different methods in assessing Islamic Commercial Banks especially in the Covid-19 period, hence adding insights on Islamic Commercial Banks in the pandemic period and further contributes to the Islamic banking field of study.","PeriodicalId":34834,"journal":{"name":"Jurnal Ekonomi dan Keuangan Islam","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43097874","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-01-11DOI: 10.20885/JEKI.VOL7.ISS1.ART1
A. Riza
Purpose – This research aims to examine the driving factors for the adoption of digital banking of Islamic banks during the COVID-19 pandemic, to explore the development of specific UTAUT2 model for Islamic financial technology, and to investigate factors that need to be improved in digital banking services of Islamic banks based on customer perspectives. Methodology – This research is divided into three. The first study is an empirical testing of UTAUT2 model modified by adding trust and satisfaction variables. The second study is an exploratory study of potential construct for the development of UTAUT model in Islamic Financial Technology. Third, it is an exploratory study aiming to identify problems and to search for policy advice to improve digital banking service of Islamic banks. This research used self-administered survey that involved 845 respondents from several cities in Indonesia. Open and closed question design was used to obtain complementary data. After that, the data were analyzed using SEM-PLS 7.0 and SPSS 23. Findings – The results of this study shows that people have trust, acceptance, and satisfaction on the digital banking service of Islamic banking technology. There are seven hypotheses in this study supported empirically. There are 20 factors that became the main reasons of customers to use the digital banking service of Islamic banking technology and 32 factors that needed to be improved by Islamic banks based on the customers’ perspective. After that, the researcher grouped them into seven policy advices for digital banking service of Islamic banking technology, where these factors can be taken into consideration to improve the competitiveness of the Islamic Finance Industry in Indonesia. Originality – In addition to testing and modifying the UTAUT2 model during the COVID-19 pandemic, this study also explores the possibility of new variables arising from customers’ perception, where the data will be used to submit new variables/models that are more specific to the acceptance of Islamic financial technology. Furthermore, this study also aims to explore several obstacles in the digital banking service of Islamic banking technology.
{"title":"The potential of digital banking to handle the Covid-19 pandemic crisis: Modification of UTAUT model for Islamic finance industry","authors":"A. Riza","doi":"10.20885/JEKI.VOL7.ISS1.ART1","DOIUrl":"https://doi.org/10.20885/JEKI.VOL7.ISS1.ART1","url":null,"abstract":"Purpose – This research aims to examine the driving factors for the adoption of digital banking of Islamic banks during the COVID-19 pandemic, to explore the development of specific UTAUT2 model for Islamic financial technology, and to investigate factors that need to be improved in digital banking services of Islamic banks based on customer perspectives. Methodology – This research is divided into three. The first study is an empirical testing of UTAUT2 model modified by adding trust and satisfaction variables. The second study is an exploratory study of potential construct for the development of UTAUT model in Islamic Financial Technology. Third, it is an exploratory study aiming to identify problems and to search for policy advice to improve digital banking service of Islamic banks. This research used self-administered survey that involved 845 respondents from several cities in Indonesia. Open and closed question design was used to obtain complementary data. After that, the data were analyzed using SEM-PLS 7.0 and SPSS 23. Findings – The results of this study shows that people have trust, acceptance, and satisfaction on the digital banking service of Islamic banking technology. There are seven hypotheses in this study supported empirically. There are 20 factors that became the main reasons of customers to use the digital banking service of Islamic banking technology and 32 factors that needed to be improved by Islamic banks based on the customers’ perspective. After that, the researcher grouped them into seven policy advices for digital banking service of Islamic banking technology, where these factors can be taken into consideration to improve the competitiveness of the Islamic Finance Industry in Indonesia. Originality – In addition to testing and modifying the UTAUT2 model during the COVID-19 pandemic, this study also explores the possibility of new variables arising from customers’ perception, where the data will be used to submit new variables/models that are more specific to the acceptance of Islamic financial technology. Furthermore, this study also aims to explore several obstacles in the digital banking service of Islamic banking technology.","PeriodicalId":34834,"journal":{"name":"Jurnal Ekonomi dan Keuangan Islam","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46282552","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-01-11DOI: 10.20885/JEKI.VOL7.ISS1.ART4
Agus Widarjono, Ari Rudatin
Purpose – This study empirically analyzes the effect of the financing diversification with some control variables including both bank-specific variables such as bank's size, CAR, efficiency and the macroeconomic variables such as the inflation and exchange rate, on the Islamic bank's non-performing financing (NPF). Methodology – The aggregate Islamic bank data encompassing Islamic commercial banks and Islamic business units are used. The Autoregressive Distributed Lag Model (ARDL) is employed using the monthly data covering January 2011 to December 2019. Findings – The cointegration test indicates that the long-run relationship among variables being studied exists. Our results document that higher concentrated financing generates high NPF. Higher asset significantly contributes to reducing NPF. In addition, higher operating efficiency can reduce NPF. The instability of the exchange rate also generates the high NPF. Research limitations – This study employs aggregate data but applying them may conceal for individual Islamic bank. Practical implications – Our results suggest that Islamic banks must lessen the high concentrated financing by optimizing both PLS and non-PLS contracts to reduce Islamic banks' financing risk. Originality – Our study includes financing diversification to examine Islamic bank's financing risk. The existing empirical studies, to the best of our knowledge, have not addressed the impact of financing diversification on financing risk.
{"title":"Financing diversification and Indonesian Islamic bank's non-performing financing","authors":"Agus Widarjono, Ari Rudatin","doi":"10.20885/JEKI.VOL7.ISS1.ART4","DOIUrl":"https://doi.org/10.20885/JEKI.VOL7.ISS1.ART4","url":null,"abstract":"Purpose – This study empirically analyzes the effect of the financing diversification with some control variables including both bank-specific variables such as bank's size, CAR, efficiency and the macroeconomic variables such as the inflation and exchange rate, on the Islamic bank's non-performing financing (NPF). Methodology – The aggregate Islamic bank data encompassing Islamic commercial banks and Islamic business units are used. The Autoregressive Distributed Lag Model (ARDL) is employed using the monthly data covering January 2011 to December 2019. Findings – The cointegration test indicates that the long-run relationship among variables being studied exists. Our results document that higher concentrated financing generates high NPF. Higher asset significantly contributes to reducing NPF. In addition, higher operating efficiency can reduce NPF. The instability of the exchange rate also generates the high NPF. Research limitations – This study employs aggregate data but applying them may conceal for individual Islamic bank. Practical implications – Our results suggest that Islamic banks must lessen the high concentrated financing by optimizing both PLS and non-PLS contracts to reduce Islamic banks' financing risk. Originality – Our study includes financing diversification to examine Islamic bank's financing risk. The existing empirical studies, to the best of our knowledge, have not addressed the impact of financing diversification on financing risk.","PeriodicalId":34834,"journal":{"name":"Jurnal Ekonomi dan Keuangan Islam","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46569003","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-08-30DOI: 10.20885/JEKI.vol5.iss2.art6
Dina Yustisi Yurista, Rosida Dwi Ayuningtyas
This paper aims to analyse macro-economic variables such as industrial production index (IPI), exchange rate, gross domestic product (GDP), and inflation which can affect the movement of Islamic stocks price in order to contribute the sustainable development goals in Indonesia. The methodology of this study is quantitative approach with Error Correction Model (ECM). The data is obtained from Bank Indonesia, Central bureau of statistics Indonesia and Indonesia Stock Exchange during period January 2013 to December 2018 quarterly. The findings showed that IPI has positive effect, while the exchange rate has a negative effect on Islamic stock price. Also GDP and inflation variables has negative in some companies and positive effect in other companies.
{"title":"The role of macroeconomic variables on Islamic stocks for achieving SDGs in Indonesia","authors":"Dina Yustisi Yurista, Rosida Dwi Ayuningtyas","doi":"10.20885/JEKI.vol5.iss2.art6","DOIUrl":"https://doi.org/10.20885/JEKI.vol5.iss2.art6","url":null,"abstract":"This paper aims to analyse macro-economic variables such as industrial production index (IPI), exchange rate, gross domestic product (GDP), and inflation which can affect the movement of Islamic stocks price in order to contribute the sustainable development goals in Indonesia. The methodology of this study is quantitative approach with Error Correction Model (ECM). The data is obtained from Bank Indonesia, Central bureau of statistics Indonesia and Indonesia Stock Exchange during period January 2013 to December 2018 quarterly. The findings showed that IPI has positive effect, while the exchange rate has a negative effect on Islamic stock price. Also GDP and inflation variables has negative in some companies and positive effect in other companies.","PeriodicalId":34834,"journal":{"name":"Jurnal Ekonomi dan Keuangan Islam","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67596357","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-07-09DOI: 10.20885/jeki.vol5.iss2.art3
Hafas Furqani
Muhammad Baqir al-Sadr (1935-1980) is a well-known Muslim scholar of the late twentieth century. Al-Sadr is considered as one of the pioneers of Islamic revival in the contemporary Muslim world. His keen intellectual interests inspired him to critically study a wide range of areas in contemporary philosophy, economics, politics, sociology, history and law, from a distinct Islamic point of view. Al-Sadr’s magnum opus on economics, Iqtisaduna (Our Economics) has put his name as one of the pioneers of contemporary Islamic economics. His work, in various degrees has influenced the formation and development of Islamic economics as a system and as a body of knowledge. This paper attempts to investigate some aspects of al-Sadr’s economic thought by focusing on his view on the nature, subject matter and methodology of Islamic economics, areas that have not received sufficient attention by contemporary Islamic economists.
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