Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah
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STATISTIK, POLLING, DAN PEMAHAMAN METODOLOGI PADA TEKNIK PENELITIAN SURVAI EKONOMI ISLAM
Get PDFStatistics is a tool of survai research. There is polling in survai research. In survai research methodology, statistical techniques are used to design the sampling. In survai research, the precision factor that must always be considered is sampling error and nonsampling error. Survai is also used for economic research, including the Islamic economy. As a research tool, the statistics should always be considered carefully, how statistics used in polls and survais. As a science that emphasizes the scientific aspects, Islamic economics also use survai research to see whether Islamic economics has been able to provide a positive impact on the community of scienceDOI
Risk and Return: Bonds and Sukuk in Indonesia
Get PDFThe aim of this research is to compare the degree of risk and return of bonds with sukuk, using several calculations magnitudes, which are, yield to maturity (YTM), Macaulay\u27s duration, and Value at Risk (VaR). The results of this study show that there is no significant difference between the YTM bonds and the YTM of emitted sukuk. Using the Macaulay’s duration formula to evaluate the duration of bonds and sukuk, the research found out that there is no significant difference in the duration of bonds and sukuk. However, the calculation and comparison of the VaR, showed a significant differences between bonds and sukuk , likewise either the comparison of the VaR of a sample group of bonds with a sample group of sukuk using k sample test. But by testing each group of the VaR of bonds sample group and sukuk sample group,the results show no significant differences.DOI: 10.15408/aiq.v8i2.315
The Efficiency of Zakah Institutions Using Data Envelopment Analysis
Get PDFAlthough social based, but in its management the Zakah Institutions need to uphold professionalism, transparency and accountability. Most recently, in the measurement of the effectiveness of the management of zakah fund, known Zakah Core Principles concept. This study would try to measure the efficiency of 3 (three) Zakah Institutions with Data Envelopment Analysis (DEA) method. Banxia Frontier Analyst 3.1 used in data calculation. The calculation of the level of Zakah Institutions efficiency in this study are relative, not absolute. The results show that there is 12 fully efficient Decision Making Unit (DMU) Zakah Institution (100% efficient) and 6 DMU inefficient. The main factor inefficiency Zakah Institution from 2007 to 2014 due to the distribution of zakah funds to ashnaf. It is still less than optimal. So it has not been able to resolve the problem of poverty. DOI: 10.15408/aiq.v8i2.287
Islamic Banks Service Innovation Quality: Conceptual Model
Get PDFCustomer perspectives and satisfaction level are considered important for analysing the performance of Islamic bank service quality. Sufficient researches has been done to explore customer perception and satisfaction level with Islamic banking service quality, however there is lack of data to compare and find the similarity in understanding the main determinant attributes needed for Islamic banking service quality. The purpose of this paper is to describe and integrate the results of existing wealth of research on service quality in Islamic banks. After weighing up all the views from existing research, common findings, concerns will be discussed. This research did not find much of information or studies indicating toward innovation in Islamic banking service quality. Thus based on review of the literature this paper suggests main key attributes of service for Islamic banks (RIBA Service IQ). This research strongly asserts that sincere motivation, truthful intention, dynamic and practical service innovation of quality approaches can uplift Islamic financial brandDOI: 10.15408/aiq.v8i2.316
Building an Early Warning Towards The Resilience of Islamic Banking in Indonesia
Get PDFAn early warning system (EWS) is widely used as surveillance mechanism for preserving financial system stability. This paper addresses the issue of namely which macroeconomic indicators that are capable of signaling adverse shocks towards the resilience of Islamic banking in Indonesia. This research uses an extraction signal approach as EWS mechanism. The results suggest that there are several indicators that (1) IBRI, which is composed from standardized deposit and financing, is able to figure out the resilience of Islamic banking. The resilience of Islamic banking was considered stable since the index was moving below the normal line during the global financial crises, and (2) Some selected macro financial indicators, M2/reserve (M2res), credit growth (CG), real effective exchange rate (REER), and inflation rate (INF) empirically show low noise to signal ratio. It means that these four variables are capable of signaling vulnerabilities due to adverse external shocks. The paper recommends that the resilience of Islamic banking needs to be supported by the resilience in the real sector.DOI: 10.15408/aiq.v9i1.388
The Effect of Social Capital on Customer’s Repayment Rate at Islamic Microfinance Institution
Get PDFThe potency of Micro and Small Enterprises (MSEs) in Indonesia which is great, is not directly proportional to the ease of getting capital from formal financial institutions such as banks because it is not bankable. Meanwhile, microfinance institutions (MFIs) that provide financing to the MSEs are currently thriving. This condition exposes the existence of factors that cause the MFIs continuesly providing financing to MSEs which are not bankable. This research aims to analyze the effect of social capital toward the repayment rate of Islamic MFIs’ customers. The methods used in this research was the logistic regression. The results showed variable relationship with BMT employees, relations with other customers, and Islamic recitation had positive and significant effect toward the repayment rate of the customer. While recommendations, membership status, and travel time from home to the BMT had negative and significant effect. Variable outside the social capital indicator which is income rate had no significant effect.DOI: 10.15408/aiq.v8i2.263
Determinants of Liquidity Risk in Indonesian Islamic and Conventional Banks
Get PDFThe purpose of the study is to examine the causes of the liquidity risk in Islamic and conventional banks in Indonesia using panel data regression method. The study found the significant and positive relation of ROA and NPF with the liquidity risk, whereas the negative and significant relation of CAR with the liquidity risk in Indonesian Conventional Banks. Meanwhile in Islamic banks, CAR result significantly positive effect on liquidity risk, while ROA shows negative and significant result. Possible explanation for this is that, given the huge profit by the conventional banks, it has more chance to allocate it as liquidity reserve as well as increasing the facilities (improvement on technology). When the NPL is high, conventional banks will increase the liquid assets as a buffer. Unlike that of conventional banks, the Islamic banks in Indonesia might allocate capital as liquidity reserves and might allocate ROA in fixed assets or financing or technology. The result confirm that the role of capital and bank’s performance in indeed important to the banking liquidityDOI: 10.15408/aiq.v8i2.287