Rumah Jurnal ISNJ Bengkalis - Institut Syariah Negeri Junjungan Bengkalis
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Factors affecting dividend payment policy in Indonesian banking sectors moderated by return on assets
Full text linkPurpose – This study analyses how the debt-to-equity ratio, current ratio, and free cash flow influence the dividend payment policy moderated by return on assets. Method – This study uses a quantitative approach with secondary data. Every Indonesian bank listed on the Indonesia Stock Exchange (IDX) between 2019 and 2023 as the research population amounts to 47 companies. Observation data of 90 were taken from 18 banks as samples selected using a purposive sampling technique. The data is analyzed using moderated regression analysis (MRA). Based on the results of the Chow and Hausman tests, the random effect model was chosen. Findings – The findings of this study show that the current ratio, free cash flow, and return on assets positively impact the dividend payment policy. In contrast, the debt-to-equity ratio does not impact dividend policy. Return on assets can strengthen the influence of the current ratio and free cash flows on dividend payout. However, return on assets cannot moderate the relationship between debt-to-equity ratio and dividend payout. Implications – This study can complement existing theories and provide a starting point for researchers to investigate dividend theory in the stock market further, advancing the understanding of this complex financial dynamic on a global scale. These findings provide valuable insights for management in setting dividend policy and highlight potential strategies to enhance shareholder value
Determinant factors affecting employee’s performance in the state-owned banks sector: mediated by job satisfaction
Full text linkPurpose – This study analyses job satisfaction, mediating the influence of work-life balance, workplace culture, and compensation on employee performance. Method – This study used a causally associative methodology and a quantitative approach. Employees working in state-owned banking sectors in Aceh were the population in this study. The research sample was 156 employees who were chosen using purposive sampling. The data source uses primary data as a survey by providing questionnaires for employees to fill out. Data analysis techniques use partial least squares-structural equality modeling (PLS-SEM) with statistical tools in SmartPLS software. Findings – Based on the study's findings, work-life balance positively affects employee performance. In contrast, work environment, compensation, and job satisfaction did not affect employees' performance. Job satisfaction can mediate the relationship between compensation and work-life balance on employee performance. However, job satisfaction cannot mediate the relationship between work environment and employee performance. Implications – Theoretically, the results of this study strengthen the understanding that job satisfaction is an important psychological variable that links work environment factors with performance outcomes. These results provide strategic direction for state-owned bank management to focus on creating a work environment that supports work-life balance, a healthy work culture, and an appropriate compensation system to increase satisfaction and ultimately drive optimal employee performance
Are sharia firms able to mitigate the involvement of institutional ownership on earnings management?
Full text linkPurpose - This study examines Shariah firms' role in mitigating institutional ownership's involvement in earnings management. Method - The sample uses a purposive sampling method for firms listed on the IDX from 2015 to 2021. This study analyzes 2,238 firm-year observations using multiple linear regression analysis, multigroup regression, and independent t-tests. The results of this study support research that argues that institutional ownership positively affects earnings management. This study also proves that Sharia firms have lower earnings management than non-Sharia firms, but Sharia firms cannot mitigate the involvement of institutional ownership in earnings management. Findings - These results have practical implications for regulators and investors. For regulators, the findings highlight the importance of developing policies that strengthen oversight of institutional investors to minimize earnings manipulation. For investors, understanding the role of institutional ownership in earnings management can aid in making informed investment decisions and assessing financial statement reliability. Implications - Theoretical implications of this study indicate that companies adhering to Sharia compliance norms can reduce agency problems. Furthermore, these findings reinforce social norms and institutional theory, suggesting that ethical and religious factors (Sharia compliance) serve as internal control mechanisms against opportunistic managerial behavior
Trends and emerging issues on Islamic banking performance: bibliometrics analysis
Full text linkPurpose – This study aims to conduct a systematic review of the literature on Islamic banking performance. Method – This research analyses trends and developments in the field using the systematic literature review and mapping study approaches. A total of 56 articles were selected from an initial pool of 130 articles sourced from ScienceDirect and Scopus, using the preferred reporting items for systematic reviews and meta-analyses (PRISMA) method. Findings – The findings reveal that trend analysis, density visualization using VosViewer, and mapping studies indicate that research on Islamic banking performance remains dominated by traditional topics such as efficiency, financial performance, and risk management. The primary indicators include return on assets (ROA), return on equity (ROE), non-performing financing (NPF), and loan-to-deposit ratio (LDR). However, studies on Islamic bank resilience, fintech integration, and their role in developing economies remain limited. A more holistic approach is needed to address challenges and opportunities in the digital era. Implications – The implications of this study highlight the importance of policies that support digital innovation while adhering to Sharia principles. Additionally, this study identifies future research opportunities, including the resilience of Islamic banks during crises, the impact of digitalization on efficiency, the contribution of Islamic banking to the green economy, and the influence of regulations on Islamic bank performance. Ultimately, this study provides valuable insights into the trends, challenges, and opportunities facing Islamic banking in an evolving global economic landscape
Determinant of profitability Islamic banks
Full text linkPurpose – This study empirically investigates the key determinants of profitability among Islamic banks (ISBs) in Indonesia. The analysis incorporates several critical variables: bank size, liquidity, tangible assets, non-debt tax shields, growth, and bank age. Method – The sample comprises 65 financial statements and annual reports from 13 Islamic banks operating in Indonesia from 2019–2022. Data were analyzed using LISREL, employing structural equation modelling to examine the relationships among variables. The empirical findings indicate that bank size exerts a positive and statistically significant effect on profitability. Likewise, both asset structure and bank age are positively associated with improved financial performance. Conversely, bank growth and the financing-to-deposit ratio (FDR) exhibit negative but statistically insignificant effects, suggesting these variables have only a marginal influence on profitability within the context of this model. Findings – The results imply that fluctuations in FDR, whether upward or downward, do not directly contribute to meaningful changes in earnings. Instead, other internal factors appear to play a more substantial role in shaping the profitability of ISBs. Implications – Consistent with signaling theory, enhancing profitability may serve as strategic signals to investors, indicating sound management quality and promising prospects. This perceived strength encourages greater investor confidence, increasing third-party funds and capital inflows, thereby expanding financing capacity and revenue generation within Islamic banks
Internal and socio-political factors on profitability of Islamic banks in Indonesia
Full text linkPurpose – The purpose of this study is to analyze the effect of third-party funds (TPF), operating costs, operating income (OCOI), capital adequacy ratio (CAR), non-performing financing (NPF), gender and political connections on the profitability of Islamic banks. Method – This study is quantitative. The population of this study was 14 Islamic banks in Indonesia. The sampling technique used was purposive sampling, which was used to sample seven Islamic banks. The data source used was secondary data in the form of annual financial reports of Islamic banks from 2014 to 2023. The data analysis technique used panel data regression analysis with the Eviews-12 analysis tool. Findings – The results of this study indicate that partially TPF, CAR, NPF, gender and political connections do not affect the profitability of Islamic banks. However, only OCOI has a negative effect on the profitability of Islamic banks. Simultaneously, TPF, OCOI, CAR, NPF, gender and political connections affect the profitability of Islamic banks. Implications – This study can provide insight and complement existing theories on factors that influence profitability. This study can be a reference for banks to maintain their profitability ratio
Maximizing sales: synergy of job autonomy, innovation culture, emotional intelligence, and a touch of creativity
Full text linkPurpose – This study examines the impact of job autonomy, innovation culture, and emotional intelligence on the sales performance of MSMEs, with creativity as a mediating variable. Given the intense competition in the business environment, MSMEs must foster innovation and creativity to enhance their sales performance. Job autonomy enables MSME owners and managers to make independent decisions, fostering creativity in problem-solving. At the same time, an innovation culture promotes boldness in generating new ideas, and emotional intelligence strengthens customer and team relationships. Method – This research adopts a quantitative approach using the SEM-PLS methodology, with a sample of 100 MSMEs in Bandung city, Indonesia, selected through purposive sampling. Data was collected via an online questionnaire. Findings – The findings reveal that job autonomy, innovation culture, and emotional intelligence significantly and positively affect sales performance, with creativity playing a crucial mediating role. Implications – Theoretically, this study extends the self-determination theory (SDT), organizational innovation theory, and resource-based view (RBV) theory by demonstrating the interplay between autonomy, innovation, and emotional intelligence in enhancing creativity and sales performance. Practically, the findings highlight the need for MSME owners to foster workplace autonomy, encourage an innovative work culture, and enhance employees' emotional intelligence to improve business success through creative approaches
Model of halal management practices in Islamic banking: empirical evidence from Bank Syariah Indonesia
Full text linkPurpose – This research analyzes the halal management practice model implemented at the Bank Syariah Indonesia (BSI) Pekalongan branch in maintaining compliance with Sharia principles. Method – This research uses a qualitative method with an interpretative approach. Data collection was done through in-depth interviews, observation, and document analysis. The research results were validated by triangulating data sources, methods, and theories. Findings – The results showed that the BSI Pekalongan branch implemented a strict supervisory system to ensure that all transactions and services followed Sharia principles. Transparency in contracts and halal-based fund management are the main factors that build customer trust. Islamic financial education strategies play a role in increasing customer loyalty to bank products and services. Challenges in Islamic financial literacy and technology utilization still hinder the improvement of halal management efficiency. This research provides insight for Islamic banking stakeholders to increase the effectiveness of halal management in building customer trust and loyalty. The BSI Pekalongan branch can improve its competitiveness and ensure full compliance with Sharia principles by strengthening its supervision through transaction transparency and digitalization of halal services. Implications – Theoretically, this research enriches halal management studies by emphasizing Sharia compliance, transparency, and innovation in digital services. Practically, it guides Islamic banks in strengthening governance and customer trust
The development of Islamic economics in the Malay Lands: a historical study and economic practice
Full text linkPurpose – This study aims to examine the historical development of Islamic economic civilization in the Malay Lands and analyze how Islamic economic values and institutions are applied in the socio-economic practices of local communities. Method – Using a descriptive qualitative approach and library research methods, this study traces historical sources, classical manuscripts, and scientific literature that discuss the Islamic economic system in regions such as the Sultanates of Malacca, Aceh, Johor, and Kedah. Findings – The study results show that the Islamic economic system has been firmly integrated into the social structure of Malay society through the practices of zakat, waqf, baitul mal, and Islamic trade ethics based on justice and social welfare. These institutions are not only mechanisms for distributing wealth but also act as instruments of da'wah and strengthen public morals. However, the main obstacles to revitalizing the system are modern challenges such as secularizing the economic system, limited sharia regulations, and the dominance of the capitalist model. Implications – The implications of this study emphasize the importance of the reconstruction of Islamic economics that is not only normative but also contextual and operational to be able to answer the needs of contemporary society sustainably
Profitability of Islamic banks: an empirical investigation of internal factors at Bank Muamalat Indonesia
Full text linkPurpose - This research seeks to examine the impact of internal factors on the financial performance of Bank Muamalat Indonesia, a forerunner of Islamic banking within Indonesia. Method - This study adopts a quantitative approach involving secondary data from Bank Muamalat Indonesia's monthly financial statements from January 2014 to December 2023 for 120 observations. Multiple linear regression analysis was employed to investigate the relationship between a dependent variable and various independent variables. Findings - This study reveals that the CAR, RISK, and FIN variables, serving as capital adequacy, credit risk, and financing indicators, exhibit a noteworthy negative effect on profitability. In contrast, the COST and LIQ variables, which act as proxies for efficiency and liquidity, demonstrate a notable positive influence on profitability. Implications - Theoretically, this research provides a conceptual framework for comprehending the influence of internal variables on profitability via investment strategies while contributing to scientific knowledge. Practically, this research is a reference for policymakers to promote economic advancement through initiatives to enhance banking profitability