Islamic banks have been known as the resistant banks to the global crisis that hit Indonesia a few years ago. The unique maintenance of Islamic bank performance leads to business continuity. Some Islamic bank performance can be measured by its profitability. There are some factors that affect the profitability Islamic bank and used in this study including CAR, BOPO, and NPF. While the purpose of this study is to determine the effect of CAR, BOPO and NPF on the profitability of Islamic commercial banks. The population of this research is the Islamic commercial bank whose financial statements have been published to the statistics of Islamic banks from 2015 -2017. This research used secondary data from OJK website. Data analysis in this paper conducted multiple linear regression analysis method. The results of this study indicate that the BOPO variable has a significant effect on ROA. On the other hand CAR and NPF variables have no significant effect on ROA.
This paper investigated some determining factors that influence Indonesia Sharia Stock Index (ISSI). Some macroeconomic variables are used as an independent variable such as central bank interest rates, inflation, currency exchange rate, and return rates of Bank Indonesia Sharia Certificates (SBIS). This study conducted the Error Correction Model (ECM) to analyze times series data during October 2013 and September 2017. The findings showed that Indonesia Sharia Stock Index (ISSI) is influenced significantly and negatively by central bank interest rates in long term analysis. Similarly, in short term analysis, the central bank interest rates affect significantly and negatively on ISSI as well as the currency exchange rates. On the other hand, SBIS return rates and inflation are indicated to have a non-significant negative effect on ISSI. This study suggested that investors of ISSI consider Central Bank interest rates, inflation, rupiah exchange rates, and SBIS rates of return to predict the stock price so investors can make the right decisions in their investment policies. This paper also recommended the Indonesian Central Bank to effectively manage their monetary policy and promote ISSI as an alternative investment which is resistant by the negative effect of inflation in short term analysis.
This study investigated the impact of ZIS (Zakat, Infaq, and Sadaqah) Gross Regional Domestic Products, Regional Minimum Wages, and Inflation on Poverty Levels in Indonesia during the 2012-2016 period. .This paper used secondary data in the panel data form. This research conducted a quantitative approach using panel data regression. Based on the results of the panel data testing, the best model chosen is the Random Effect Model (REM). Variables of gross regional domestic products and regional minimum wages have a significant effect on poverty levels in Indonesia while the variables of zakat, infaq, and shadaqah (ZIS) and inflation do not influence the level of poverty in Indonesia.
This study explains the impact of Islamic branding on purchasing decisions made by facial wash wardah consumers. This study aims to discover how the level of consumer knowledge about Islamic branding and the impact of purchasing decisions. The approach used in this research is descriptive phenomenology, which is simply understood by focusing on certain phenomena by understanding the meaning of an individual experience related to a particular phenomenon. Researchers interviewed 16 consumers of facial wash wardah products to get an idea of Islamic branding's impact on purchasing decisions. Data collection techniques used were interviews and literature review. This study indicated that Islamic branding influences the purchasing decision of facial wash wardah products because Islamic branding that is understood is the presence of halal labels and brand ambassadors who mostly use the hijab. The use of halal labels considers purchasing decisions because consumers can trust products that use halal labels. Consumers understand Islamic branding as something inherent in a product, such as halal labels and marketing using sharia principles. Islamic branding has an impact on purchasing decisions for halal skincare (facial wash) products.
Generation Z is the future generation with technology familiarity and is a trendsetter in financial technology. This study aimed to compare (similarities and differences) perceptions of Generation Z Muslims in Indonesia and Malaysia in paying Zakat, Infaq, and Sadaqah (ZIS). This study uses a qualitative approach with phenomenological methods through focus group discussions. This method was chosen because it allows substantial interaction between participants to compare objects more boldly. Initially, there were 43 Generation Z students from Indonesia and 25 Generation Z students from Malaysia. The total reduction of participants was carried out to find the most relevant and appropriate participants by determining the criteria for having paid ZIS using financial technology (Fintech) at least once. With 10 participants from each country from the final narrowing results, two stages of Focus Group Discussion were carried out. The findings show the similarity of perceptions of awareness of use, including the need and importance of usage benefits. The similarity of perceptions regarding reputation was also found in professionalism and reliability. In contrast, similar perceptions of satisfaction occurred in aspects of multifunction and usability. In addition, differences were found in the perception of data security. There are still suspicions about data security among Indonesian participants. No studies directly compare Generation Z Muslims in the two countries that pay ZIS through Fintech. This study confirms that it is essential to increase the security of personal data when using fintech. Then there is a feeling of security and comfort for Generation Z who donated ZIS.
<p><em>This study describes the appropriateness of AlliSya Protection Plus Unit Link waqf features based on the DSN-MUI Fatwa regarding Endowment of Insurance Benefits and Investment Benefits of Sharia Life Insurance at PT Asuransi Allianz Life Indonesia. This study aims to study the contracts contained in the waqf product features with uses field research studies, literature reviews and qualitative data analysis. The results of this study indicate that the implementation of Waqf Unit AlliSya Protection Plus features is following the National Sharia Board Fatwa because it has fulfilled the provisions for </em><em>waqf</em><em> of insurance benefits, </em><em>waqf</em><em> of investment benefits, and provisions of ujrah.</em><em> </em><em>T</em><em>his </em><em>waqf feature </em><em>product </em><em>utilizes <em>tabarru, wakalah bil ujrah, mudaraba, waqf, wills, and qardh contract</em></em>. <em>Waqf funds will be distributed to waqf institutions (nazir) received by the policyholder dies. The implementation of waqf features in sharia life insurance products is encouragement in increasing the collection of endowment funds, thereby increasing both the welfare of society and economic development.</em></p><p><br /><em></em></p>
Distribution and utilization are core activities of zakah management. It must be considered that Ameel zakah institutions' success is not merely founded on their capability to collect zakah fund, but also their ability to distribute and utilize it.This research is aimed at understanding impact of ZIS (zakah, infaq and sadaqa) distribution and Islamic Financial Institutions role on distributing their funds in East Java to Micro, Small and Medium Enterprises (MSMEs) and Gross Regional Product (GRP) of East Java. This research is conducted by using secondary data from the quarterly report in 2011-2014 periods and also using quantitative approach through Partial Least Square (PLS) analysis method. The results of this study show that the distribution of ZIS funds has a significant negative effect on MSME growth and an insignificant positive effect on GDRP growth in East Java. The distribution of IFI funds has a significant positive effect on MSME growth and GDRP growth in East Java. The Growth in the number of IRB units has an insignificant positive effect on GRDP growth at the 5% T-table significance = 1.96. The dominant contribution of IFI on the GRDP should be maintained and Zakat Institutions have to improve performance in the ZIS funds management, so that it can contribute more maximally to the economy of East Java in the future. MSME should utilize the available funds of Zakat IFI to support their capital that will increase their productivity and output, thus increasing the GDRP of East Java.
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