cover
Contact Name
Rofiul Wahyudi
Contact Email
ihtifaz@uad.ac.id
Phone
-
Journal Mail Official
ihtifaz@uad.ac.id
Editorial Address
-
Location
Kota yogyakarta,
Daerah istimewa yogyakarta
INDONESIA
Ihtifaz: Journal of Islamic Economics, Finance, and Banking
ISSN : 26224755     EISSN : 26225798     DOI : -
Core Subject : Economy, Social,
The Ihtifaz, Journal of Islamic Economics, Finance, and Banking published by Department of Islamic Banking, Ahmad Dahlan University, is a peer-reviewed open access international journal published twice in a year (June and December). The Ihtifaz aims to provide an international forum for researchers and professionals to share their ideas on all topics related to Islamic Economics, Finance, and Banking. It publishes its issues in an online (e-ISSN 2622-5798) and a printed (p-ISSN 2622-4755) version.
Arjuna Subject : -
Articles 25 Documents
Issues of Sukuk Ijarah Nahar, Faiza Husnayeni; Adha, Mufti Alam; Wardani, Dyah Titis Kusuma
Ihtifaz: Journal of Islamic Economics, Finance, and Banking Vol 1, No 1 (2018)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (3189.425 KB) | DOI: 10.12928/ijiefb.v1i1.257

Abstract

Sukuk Ijarah is the most popular sukuk that increase in over the world since its start to introduce in 2001.  Not only Muslim country who issued this sukuk, so do Non-Muslim Country such as Germany, Japan and China. However, there is issue that come up due to the non-existence of Shariah compliance in this structure such as the requirement of sukuk doesn’t meet Maqasid Shari’ah perspective. Therefore, the aims of this paper to discuss some issue in sukuk Ijarah and give solution in order to develop Islamic capital market.
Analisis Pengaruh CAR, NPF, FDR dan Inflasi terhadap Profitabilitas Perbankan Syariah di Indonesia Munir, Misbahul
Ihtifaz: Journal of Islamic Economics, Finance, and Banking Vol 1, No 2 (2018)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (3154.156 KB) | DOI: 10.12928/ijiefb.v1i1.285

Abstract

The increasing number of sharia financial institutions in Indonesia is accompanied by an increase in literature review regarding sharia financial institutions. Renewal of studies related to the development of Islamic finance in Indonesia is important to continue. This study aims to examine the factors that affect the level of profitability of Islamic banking in Indonesia in the latest conditions and the latest data. The approach used is quantitative descriptive. Based on the F test, the f-statistic value obtained was 0.000085 below 0.05 (five percent). In other words, the independent variables including CAR, NPF, FDR, and inflation simultaneously have a significant effect on the dependent variable ROA. Whereas in a formal manner, based on the t-test, the NPF variable has a positive and significant effect on ROA. While the CAR, FDR and inflation variables have no effect on ROA.
Analisis Faktor-Faktor Preferensi Mahasiswa terhadap Perbankan Syariah Fathurrahman, Ayif; Azizah, Umi
Ihtifaz: Journal of Islamic Economics, Finance, and Banking Vol 1, No 2 (2018)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (3336.192 KB) | DOI: 10.12928/ijiefb.v1i1.273

Abstract

This research proposed to determine the factors of customer preferences in Islamic or Sharia banking. The research sampling which being use is the students of Economic studies mainly in 5th semester and 7th semester. The research designed in quantitative research by collecting data using questionnaires. Analysis technique using doubled linear regression. The result indicates that (1) Religion or beliefs have positive effect towards the rate of Economic Studies students preferences in Muhammadiyah Yogyakarta University towards Sharia Banking; (2) Costs factor has adverse effect but further insignificant towards the level of Economic Studies students preferences in Muhammadiyah Yogyakarta University towards Sharia Banking; (3) Benefits factor has positive effect yet negligible to the level of Economic Studies students preferences in Muhammadiyah Yogyakarta University towards Sharia Banking; (4) Facilities factor carry out positive impact towards the rate of Economic Studies students preferences in Muhammadiyah Yogyakarta University towards Sharia Banking; (5) Knowledge factor positively affected towards the rate of Economic Studies students preferences in Muhammadiyah Yogyakarta University towards Sharia Banking.
Deteksi Kebangkrutan pada Industri Asuransi Syariah di Indonesia Bakhtiar, Fayakhun; Munir, Misbahul; Qasas, Ahsan Al
Ihtifaz: Journal of Islamic Economics, Finance, and Banking Vol 1, No 2 (2018)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (3201.366 KB) | DOI: 10.12928/ijiefb.v1i1.286

Abstract

This study aims to predict the potential bankruptcy of a sharia insurance company. The analysis model used is the modified Altman Z-score analysis model. The Altman Z-score measurement model will be represented by the ratio of the network model to total assets, retained earnings to total assets, earnings before interest to total assets and capital book value to the book value of debt. The results showed that in 2011-2017 5 sharia insurance companies were in a safe zone (not bankrupt), there was only one sharia insurance company in the gray zone.
Analisis Prediksi Kebangkrutan dan Rasio Keuangan Bank Umum Syariah dengan Metode Altman Z-Score pada Tahun 2011-2015 Muharrami, Rais Sani; Sinta, Sinta
Ihtifaz: Journal of Islamic Economics, Finance, and Banking Vol 1, No 1 (2018)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (3230.856 KB) | DOI: 10.12928/ijiefb.v1i1.274

Abstract

The purpose of this research is to perform a comparative analysis of bankruptcy prediction and financial ratio related to Bank Umum Syariah Devisa and Bank Umum Syariah non Devisa. This research applied Altman model on Bank Umum Syariah Devisa and Bank Umum Syariah non Devisa to explain its bankruptcy prediction., while Mann Withney test is used to show a comparative analysis on its financial ratio related to bankruptcy.  Data was use in this research is time series data, the data from 2011 up to 2015. The data is obtained from publication in Otoritas Jasa Keuangan (OJK) and publication in each bank’s website. The sampling techniques using purposive sampling methods. This research can be concluding that there is no difference between Bank Umum Syariah Devisa and Bank Umum Syariah non Devisa on Bankruptcy prediction with Altman model. In financial ratios related to bankrupty exposure such as liquidity, Profitability, and Productivity has not significant difference to. While insolvency ratio at Bank Umum Syariah Devisa and Bank Umum Syariah non Devisa foundto have differences. For bankruptcy prediction at Bank Umum Syariah Devisa and Bank Umum Syariah non Devisa is found not difference. So, we can conclude that the difference in bankruptcy perdiction on Bank Umum Syariah Devisa and Bank Umum Syariah non Devisa caused by the absence of dirrerences in the financial ratios with regard to bankruptcy unless insolvency.
Pengaruh Program Loyalitas terhadap Kesetiaan Konsumen pada Industri Halal di Yogyakarta Adha, Mufti Alam; Wahyudi, Rofiul; Nahar, Faiza Husnayeni
Ihtifaz: Journal of Islamic Economics, Finance, and Banking Vol 1, No 1 (2018)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (3400.111 KB) | DOI: 10.12928/ijiefb.v1i1.287

Abstract

This study aims to examine the effect of perceived benefits of loyalty programs, which include: financial benefits, social benefits, hedonic benefits, symbolic benefits of loyalty programs in the Halal Industry. This study also examined the effect of loyalty programs on brand loyalty. This research was conducted using a quantitative approach, namely by conducting surveys, online with a sample of 200 respondents. The data in this study were processed using the Structural Equation Modeling (SEM) analysis version 21. The results showed that the financial benefit variables, social benefits, symbolic benefits had a significant positive effect on loyalty programs. While the hedonic variable on loyalty programs shows a negative relationship. This study also confirms the significant positive effect of the loyalty program on brand loyalty.
Fungsi Intermediary Bank Aceh Setelah Melakukan Konversi Menjadi Bank Umum Syariah Purwanto, Purwanto
Ihtifaz: Journal of Islamic Economics, Finance, and Banking Vol 1, No 2 (2018)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (3174.862 KB) | DOI: 10.12928/ijiefb.v1i1.248

Abstract

Sebagai  salah satu Negara dengan  penduduk muslim terbesar didunia, Indonesia merupakan pasar potensial bagi bisnis berbasis syariah termasuk industri keuangan syariah. Pemerintah Indonesia telah melakukan berbagai upaya agar industri keuangan syariah dapat berkembangan di Indonesia salah satunya adalah dengan membuat ketentuan diperbolehkannya bank konvensional melakukan konversi menjadi bank syariah. Kebijakan tersebut ternyata berdampak positif dalam meningkatkan market share industri perbankan syariah terhadap pangsa pasar industri keuangan di Indonesia. Pada tahun 2016-2017 market share industri keuangan syariah meningkat menjadi 5,3% dan 5,78% padahal pada tahun 2015  market share industri perbankan syariah hanya 4,83%. Meningkatkanya market share industri perbankan syariah, salah satunya disebabkan konversi bank Aceh menjadi bank Aceh Syariah pada tahun 2016. Konversi yang dilakukan oleh Bank Aceh secara umum berdampak positif terhadap market share industri perbankan syariah, namun bagaimana kondisi pada internal pada bank Aceh Syariah sendiri apakah ada perubahan signifikan bank Aceh Syariah dalam menjalankan fungsi intermediary? Guna mencari atas pertanyaan ini maka studi ini perlu dilakukan. Studi ini menggunakan analisis kuantitatif dengan pendekatan before after. Data penelitian yang digunakan adalah data skunder yaitu data laporan keuangan bank Aceh Syariah selama 18 bulan sebelum konversi dan 18 bulan setelah konversi. Analisis data menggunakan paired sample t-test dengan menggunakan software SPSS.21. Hasil dari studi ini membuktikan bahwa setelah melakukan konversi menjadi bank Aceh Syariah ada perbedaan yang signifikan dalam menjalankan fungsi intermediary baik dari sisi jumlah pembiayaan dan jumlah DPK. Hal ini menunjukkan bahwa perubahan brand bank Aceh menjadi Syariah berdampak positif dengan keputusan masyatakat untuk menggunakan produk bank Aceh Syariah.
In Search for Islamic Macroprudential Policy in Indonesia: The Case of Financing to Value (FTV) and Property Financing Qoyum, Abdul; Fauziyyah, Neneng Ela
Ihtifaz: Journal of Islamic Economics, Finance, and Banking Vol 1, No 1 (2018)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (3323.792 KB) | DOI: 10.12928/ijiefb.v1i1.275

Abstract

This study aims to examine the impact of macroprudential policy particlarly the relaxing of Financing to Value (FTV) on property financing of Islamic bank in case of Indonesia. In addition, this paper also analyzes the impact of macroeconomic variables and specific factors on property financing in Islamic Bank. This paper collects data from the Bank Indonesia website, the Financial Services Authority (FSA) and the Central Statistics Agency (CSA) form January 2010 until April 2016. By employing Vector Error Correction Model (VECM), this study found that inflation and Industry Produce Index (IPI) have been positively influence on the property financing, while the BI rate and financing to deposit ratio (FDR) have been negatively influence on the property financing. While the relaxing of FTV policy also negatively influence on the property financing. Therefore, This study conludes that the policy have not effectived yet.
Analisis Votalitas Saham di Jakarta Islamic Index (JII) periode Januari 2015-Januari 2018 Tanjung, Hendri; Martua Siregar, Taufik Akbar
Ihtifaz: Journal of Islamic Economics, Finance, and Banking Vol 1, No 2 (2018)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (3225.222 KB) | DOI: 10.12928/ijiefb.v1i1.270

Abstract

Penelitian ini bertujuan untuk melihat volatilitas Jakarta Islamic Index (JII) pada Jakarta Stock Exchange. Adapun teknik analisis yang digunakan pada penelitian ini adalah Generalized Autoregressive Conditional Heteroscedasticity (GARCH) dan Autoregressive Conditional Heteroscedasticity (ARCH). Kenormalan distribusi tingkat return pada JII dianalisis untuk menjawab apakah returnnya tersebar secara normal atau tidak. Dengan menggunakan data JII dari januari 2015 sampai dengan januari 2018 (724 data harian), ditemukan bahwa distribusi dari return JII tidak menyebar normal. Penelitian ini menyimpulkan bahwa return dari Jakarta Islamic Indeks sangat berfluktuasi.  Adapun implikasinya adalah akan diperoleh keuntungan yang sangat tinggi dan kerugian yang sangat besar pada satu hari.
The Role of Religiosity, Halal Awareness, Halal Certification, and Food Ingredients on Purchase Intention of Halal Food Mutmainah, Lu’liyatul
Ihtifaz: Journal of Islamic Economics, Finance, and Banking Vol 1, No 1 (2018)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (3227.994 KB) | DOI: 10.12928/ijiefb.v1i1.284

Abstract

Halal becomes the lifestyle of Muslim consumers in the world. As the Muslim population increasing, the awareness on consuming halal food also improving. This paper aims to examine the influence of religiosity, halal awareness, halal certification, and food ingredients on purchase intention of halal food among Indonesian Muslim consumers. Convenience sampling was used as the sampling method of this study. This research consisted of 205 respondents. The data are collected by questionnaire which are analyzed by multiple linear regression. The results of this study revealed that religiosity, halal awareness, halal certification and food ingredients have significantly positive effect on purchase intention of halal Food. This study indicates that consuming halal food is primary need for Muslim. Therefore, company should acquire halal certification in order to provide halal food for Muslim’s needs. This study contributed for the research literature, government, food manufacturers and marketers to develop strategies related with halal food.

Page 1 of 3 | Total Record : 25