RIBHUNA : Jurnal Keuangan dan Perbankan Syariah
RIBHUNA : Jurnal Keuangan dan Perbankan Syariah is a peer-reviewed periodical journal published twice or twice a year (January and July) by the Islamic Banking Department, Faculty of Islamic Economics and Business, Universitas Islam Ibrahimy (UNIIB) Genteng Banyuwangi, Indonesia. RIBHUNA is a communication tool intended for researchers, academics and practitioners in the field of Islamic finance and banking. In order to realize the contribution to the development of Islamic finance and banking, the editorial board invited observers to be able to participate in contributing scientific works in the form of research journals.
Islamic Banking Department, Faculty of Islamic Economics and Business, Institut Agama Islam (IAI) Ibrahimy Genteng Banyuwangi, Indonesia.
PROBLEMATIKA KEPATUHAN SYARIAH DALAM TRANSAKSI EMAS DIGITAL TERHADAP KEABSAHAN AKAD DAN LARANGAN RIBA DI KABUPATEN BIMA
This study examines the problematic of Sharia compliance in digital gold transactions with respect to the validity of akad (contract) and the prohibition of riba in Bima Regency, West Nusa Tenggara Province, Indonesia. The rapid proliferation of financial technology platforms offering gold-based digital investment instruments has generated substantial debate among Islamic legal scholars regarding the permissibility of such transactions under the principles of fiqh muamalah. Employing a mixed-method approach that integrates normative-juridical analysis with empirical socio-legal investigation, this research systematically maps the structural incongruences between the operational mechanics of digital gold platforms and the doctrinal requirements of bay' al-sarf, bay' al-wafa', and the condition of taqabud (immediate possession). Data were collected through semi-structured interviews with 45 informants comprising Islamic scholars (ulama), regulators from the Otoritas Jasa Keuangan (OJK), platform operators, and retail consumers in Bima Regency between August and December 2024. The findings reveal that the majority of digital gold platforms operating within the regency fail to satisfy the requisite conditions of immediate mutual delivery (taqabud haqiqi), thereby exposing transactions to the prohibition of riba al-nasi'ah and gharar (uncertainty). Furthermore, the absence of standardized Sharia supervisory mechanisms at the regional level exacerbates compliance gaps. This research contributes novel empirical evidence from a peripheral Muslim-majority regency, offering theoretical advancements to the discourse on Islamic fintech governance and practical recommendations for regulatory reform at both the national and subnational levels. Keywords : Digital Gold; Sharia Compliance; Akad; Riba; Fintech; Bima Regency
Digital Gold; Sharia Compliance; Akad; Riba; Fintech; Bima Regency
Copyright (c) 2026 rahmaridwan sulaiman http://creativecommons.org/licenses/by/4.0
PENGARUH LITERASI KEUANGAN SYARIAH DAN RELIGIUSITAS TERHADAP MINAT WARGA DESA SAWAHAN MEMBUKA REKENING TABUNGAN BSI
The Community Service Program (KKN) of Group 26252, UIN Raden Mas Said Surakarta, conducted a savings-product socialization program for Bank Syariah Indonesia (BSI) in Sawahan Village, Juwiring Subdistrict, Klaten Regency, attended by 37 participants consisting of micro, small, and medium enterprise (MSME) actors and members of the local women's community organization (PKK). This study aims to analyze the effect of Islamic Financial Literacy (X1) and Religiosity (X2) on the Interest in Opening a BSI Savings Account (Y). The study employed a quantitative approach using a saturated sampling technique involving all 37 participants, with data analyzed through Partial Least Squares-Structural Equation Modeling (PLS-SEM) using SmartPLS 3. The results show that Islamic Financial Literacy and Religiosity jointly explain 54.9% of the variance in interest (R² = 0.549). At a 10% significance level, Islamic Financial Literacy has a positive and significant effect on interest (T = 2.655; P = 0.008), as does Religiosity (T = 1.853; P = 0.064), with Islamic Financial Literacy being the more dominant factor. This finding is reinforced by qualitative data, in which 73% of participants stated that avoiding riba (interest-based transactions) was their main reason for interest. This study recommends continuous Islamic financial education and clearer product differentiation between BSI and the conventional banking services already used by the community. Keywords: Islamic Financial Literacy; Religiosity; Saving Interest; Bank Syariah Indonesia.
Islamic Financial Literacy; Religiosity; Saving Interest; Bank Syariah Indonesia.
Copyright (c) 2026 Laras Diyah Safitri http://creativecommons.org/licenses/by/4.0
STRATEGI BANK MUAMALAT DALAM MENINGKATKAN PENJUALAN PRODUK SOLEH
This study aims to identify and analyze Bank Muamalat's strategy for increasing the sales of the Hijrah Gold Solution (SOLEH) Product, as well as to identify the supporting and inhibiting factors affecting its implementation. The study employed a qualitative approach with a phenomenological design to understand the experiences and marketing practices implemented by Bank Muamalat. Data were collected through in-depth interviews, observations, and documentation, and were analyzed using a phenomenological analysis model involving data reduction, coding, theme development, and conclusion drawing. The findings reveal that the marketing strategy is implemented through customer visits, open booths, product presentations, field visits, and the utilization of digital media integrated with a relationship marketing approach. Supporting factors include the growing public interest in Sharia-compliant gold investment, Bank Muamalat's reputation, the competence of its marketing personnel, and the ease of the financing process. Meanwhile, the inhibiting factors consist of limited public literacy regarding Sharia gold investment, intense competition within the banking industry, fluctuations in gold prices, and limited promotional outreach. The study concludes that a marketing strategy integrating customer education, service excellence, and long-term customer relationships effectively enhances the sales performance of the Hijrah Gold Solution Product while strengthening Bank Muamalat's competitiveness in the Islamic banking industry.
Copyright (c) 2026 M. Khanif Ardzani, Arinda Ramadhani, Fita Nurussaniya, Shohibul Ulum http://creativecommons.org/licenses/by/4.0
PERENCANAAN KOMBINASI KEUANGAN: INTEGRASI KEPUTUSAN FINANSIAL SESUAI DENGAN PRINSIP SYARIAH
The Islamic financial system is a financial framework founded on the principles of the Qur'an and the Sunnah, aiming to promote justice, balance, and blessings in economic activities. Integrated Islamic financial planning has become an essential concept in modern financial management as it combines various financial decisions, including investment, financing, asset and liability management, risk control, and profit distribution in accordance with Islamic principles. This study aims to explain the concept of integrated financial planning from an Islamic perspective and its implementation in corporate financial management. The research employs a literature review method by examining various sources related to Islamic finance and Sharia financial management. The findings indicate that the Islamic financial system prohibits practices such as riba (usury), gharar (excessive uncertainty), maysir (gambling), and israf (extravagance), as these contradict the principles of justice and public welfare. In practice, the integration of Sharia-compliant financial decisions is carried out through Islamic contracts, including mudharabah, musyarakah, murabahah, ijarah, salam, and istisna'. Beyond profit maximization, Islamic financial planning also seeks to enhance social welfare through trustworthy, transparent, and productive fund management. Therefore, the implementation of integrated Islamic financial planning is expected to establish a fair, sustainable, and ethically responsible business system that brings benefits and blessings to all stakeholders. Keywords: Islamic Financial Planning, Integrated Financial Decision-Making, Islamic Finance, Sharia Investment, Sharia Financial Management.
Copyright (c) 2026 Jessika Gafur http://creativecommons.org/licenses/by/4.0
LABUH NYINGKAL, TRADISI BUDIDAYA PADI MASYARAKAT ADAT OSING SEBAGAI LANDASAN PENGEMBANGAN EKONOMI AGRARIS DALAM PERSPEKTIF MAQĀṢID AL-SYARĪ'AH
This study examines the Labuh Nyingkal tradition in the rice cultivation practices of the Osing community as a foundation for the development of an agrarian economy from the perspective of Maqāṣid al-Sharī'ah. As an indigenous agricultural tradition, Labuh Nyingkal embodies not only cultural and spiritual values but also economic principles rooted in social solidarity, environmental stewardship, and sustainable resource management. This research employs a qualitative ethnographic approach through participant observation, in-depth interviews, and document analysis to explore the meanings and practices embedded within the tradition. The collected data were analyzed using a descriptive-interpretative method by relating empirical findings to the objectives of Maqāṣid al-Sharī'ah, including the protection of religion, life, intellect, lineage, wealth, and environmental sustainability as a contemporary extension of maqāṣid. The findings reveal that Labuh Nyingkal reinforces an agrarian economic ethic that promotes collective welfare through equitable resource distribution, ecological preservation, communal cooperation, and intergenerational responsibility. Therefore, this tradition represents a viable model for strengthening a sustainable agrarian economy grounded in local wisdom while remaining consistent with the normative objectives of Maqāṣid al-Sharī'ah. Keywords : Labuh Nyingkal, Agrarian Economy, Maqāṣid al-Sharī'ah.
Copyright (c) 2026 Hari Purnomo http://creativecommons.org/licenses/by/4.0
PENGARUH CAPITAL ADEQUACY RATIO (CAR) TERHADAP NET OPERATING MARGIN (NOM) DENGAN NON PERFORMING FINANCING (NPF) SEBAGAI VARIABEL INTERVENING PADA BANK UMUM SYARIAH DI INDONESIA PERIODE 2022-2024
The Islamic banking industry in Indonesia shows promising growth, reflected in asset expansion and increased public trust in sharia-based financial systems. This study examines the effect of Capital Adequacy Ratio (CAR) on Net Operating Margin (NOM) with Non-Performing Financing (NPF) as an intervening variable in Indonesian Islamic Commercial Banks (Bank Umum Syariah/BUS) during 2022–2024. Using a quantitative associative-causal design with secondary data from 36 monthly observations sourced from OJK publications, the study employs simple linear regression, multiple linear regression, and path analysis. Assessment of classical regression assumptions comprising normality, multicollinearity, heteroscedasticity, and autocorrelation tests were all fulfilled. Results indicate that CAR has a significant negative effect on NPF (t = –8.082; Sig. = 0.000), CAR has a significant positive effect on NOM (t = 5.988; Sig. = 0.000), and NPF has a significant positive effect on NOM (t = 4.008; Sig. = 0.000). Path analysis reveals that NOM significantly mediates the relationship between CAR and NPF, with the indirect effect (–4.148) exceeding the direct effect (–1.035). These findings confirm that capital adequacy affects financing quality through the channel of operational profitability. Keywords:Capital Adequacy Ratio, Net Operating Margin, Non-Performing Financing, Islamic Banking, Path Analysis.
Capital Adequacy Ratio, Net Operating Margin, Non-Performing Financing, Perbankan Syariah, Analisis Jalur.
Copyright (c) 2026 Aies Apriliza Seventin, Muhammad Ziyan El Haq, Ranti Novanda Eka Prawesti, Diah Ayu Anis Wulandari, Desti Tampi Prabowo, Achmad Miftachul Huda http://creativecommons.org/licenses/by/4.0
TINJAUAN IMPLEMENTASI GCG DAN KODE ETIK TERHADAP PERTUMBUHAN DANA PIHAK KETIGA (DPK): ANALISIS KONTEN DESKRIPTIF PADA BANK SYARIAH INDONESIA (2021-2025)
This study aims to examine the level of implementation of Good Corporate Governance (GCG) and disclosure of the Code of Ethics, as well as their relationship with trends in Third-Party Funds (TPF) growth at PT Bank Syariah Indonesia Tbk (BSI) for the 2021–2025 period. Using a qualitative method with a content analysis approach, secondary data from BSI’s Annual Reports were analyzed using comparative descriptive techniques based on KNKG indicators (2021). The results indicate that BSI successfully maintained a solid level of GCG maturity at 94.29% from 2022 to 2025. Progressively, the Code of Ethics disclosure indicator experienced a sharp escalation, reaching absolute perfection (100%) consecutively in 2024 and 2025. This surge in transparency is directly proportional to the expansive growth trend of deposit growth, which hit a record high of 16.20% in 2025. In conclusion, the aggressive enforcement of governance and an ethical climate has proven to transform from mere regulatory compliance into a fundamental catalyst for the escalation of customer trust. Theoretically, this constellation of findings confirms Agency Theory in reducing information asymmetry, Legitimation Theory as a form of social validation of institutional integrity, and Whistleblowing Theory, which represents the maturity of the anti-fraud climate within the company. Keywords : Good Corporate Governance, Code of Conduct, Third-Party Funds, Content Analysis, Bank Syariah Indonesia.
Good Corporate Governance, Kode Etik, DPK, Analisis Konten, Bank Syariah Indonesia
Copyright (c) 2026 Wira A. Putra, Krishna Kamil http://creativecommons.org/licenses/by/4.0
FORMULASI CUSTOMER ENGAGEMENT BERBASIS ISLAMIC SERVICE EXCELLENCE, EMOTIONAL ATTACHMENT, DAN EXPERIENTIAL VALUE TERHADAP LOYALITAS NASABAH SYARIAH
This study aims to analyze the influence of Islamic Service Excellence, Emotional Attachment, and Experiential Value on Sharia Customer Loyalty in the Islamic banking industry in Indonesia. This study employed a quantitative approach using Structural Equation Modeling Partial Least Square (SEM-PLS). The research sample consisted of 325 active Islamic bank customers selected using purposive sampling techniques. Data collection was conducted through questionnaires based on a five-point Likert scale. Data analysis was performed using SmartPLS 4 through outer model and inner model testing, including validity, reliability, R-Square, Q-Square, effect size, bootstrapping, and hypothesis testing. The results indicate that Islamic Service Excellence has a positive and significant effect on Sharia Customer Loyalty. Emotional Attachment is proven to be the most dominant variable affecting customer loyalty. Furthermore, Experiential Value also positively influences Sharia Customer Loyalty. This study contributes theoretically to the development of customer engagement based on Islamic values and provides practical implications for Islamic banks in improving customer loyalty through Islamic service quality, emotional relationships, and valuable service experiences.
Copyright (c) 2026 Indra Maulana, Fitri, Ela Laela, Amna, Dipa Teruna Awaludin http://creativecommons.org/licenses/by/4.0
ANALISIS PENGARUH ESG DISCLOSURE, GREEN FINANCING, DAN KINERJA SAHAM TERHADAP PREFERENSI INVESTOR (STUDI PADA SAHAM SYARIAH YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2019-2024)
Abstract This study aims to examine the effect of Environmental, Social, and Governance (ESG) Disclosure, Green Financing, and Stock Performance on Investor Preference in Sharia-compliant stocks listed on the Indonesia Stock Exchange during the 2019–2024 period. The research employed a quantitative approach using secondary data obtained from annual reports, sustainability reports, and official publications from the Indonesia Stock Exchange, the Financial Services Authority (OJK), Yahoo Finance, and RTI Business. The sample consisted of 20 Sharia-listed companies selected through purposive sampling, resulting in 120 panel data observations. Data were analyzed using panel data regression with the Common Effect Model (CEM) in EViews 13. The results indicate that ESG Disclosure has a negative but insignificant effect, while Green Financing and Stock Performance have positive but insignificant effects on Investor Preference. Simultaneously, all variables have no significant effect. These findings suggest that investor preference is influenced more by Sharia compliance, risk perception, market sentiment, and investor characteristics than by sustainability and financial performance. Keywords: ESG Disclosure, Green Financing, Stock Performance, Investor Preference, Sharia Stocks.
ESG Disclosure, Green Financing, Stock Performance, Investor Preference, Sharia Stocks.
Copyright (c) 2026 Nur Rista Rista http://creativecommons.org/licenses/by/4.0
PERAN LITERASI KEUANGAN SYARIAH DALAM MEMPERKUAT PENGARUH RELIGIUSITAS ISLAM TERHADAP TINGKAT ADOPSI PERBANKAN SYARIAH DI INDONESIA
The development of Islamic banking in Indonesia has demonstrated significant growth; however, its adoption rate remains relatively low despite the country’s predominantly Muslim population. This study aims to examine the role of Islamic financial literacy in strengthening the influence of Islamic religiosity on the level of Islamic banking adoption in Indonesia. The study employs a quantitative research design using a survey approach of 292 Muslim university students who are customers of Islamic banks in Indonesia, with data analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS). The results indicate that Islamic religiosity has a positive and significant effect on the level of Islamic banking adoption. Furthermore, Islamic financial literacy is found to function as a moderating variable that strengthens the relationship between Islamic religiosity and Islamic banking adoption. This study introduces a novel perspective by positioning Islamic financial literacy as a reinforcing mechanism in the relationship between Islamic religiosity and Islamic banking adoption behavior. Theoretically, this study contributes to the Islamic finance literature by enhancing understanding of the interactive role of religiosity and financial literacy in explaining the adoption behavior of Islamic financial services. Practically, the findings provide important implications for Islamic banks and regulators in designing more targeted Islamic financial education and literacy strategies to increase the adoption of Islamic banking in Indonesia Keywords : Sharia financial literacy, Islamic religiosity, Islamic banking adoption
Copyright (c) 2026 Nanang Setiawan, Thorida Nur Asih, Fitria Asas, Afif Safrudin, Moch Sulchan http://creativecommons.org/licenses/by/4.0
MENAKAR UNSUR GHARAR DAN MAYSIR DALAM INVESTASI ASET DIGITAL: STUDI HUKUM EKONOMI SYARIAH TERHADAP KRIPTO FAN NFT
The advancement of digital technology has introduced new financial instruments such as cryptocurrencies and Non-Fungible Tokens (NFTs), which present both investment opportunities and challenges in the context of Islamic legal and ethical frameworks. From the perspective of Islamic economic law, every financial transaction must be free from uncertainty (gharar), speculation (maysir), and usury (riba) to ensure justice and public welfare. This study aims to examine the presence of gharar and maysir elements in digital asset investments and to analyze their compatibility with Islamic economic law and national regulations. The research employs a qualitative descriptive method through a literature review, analyzing scholarly works, the DSN-MUI Fatwa No. 140/DSN-MUI/IX/2021, and relevant legal frameworks such as the Electronic Information and Transactions Law (UU ITE), OJK Fintech regulations, and Bappebti policies. The findings reveal that cryptocurrencies and NFTs may involve gharar due to unclear value and absence of tangible underlying assets, and maysir through speculative trading behaviors resembling digital gambling. Nevertheless, digital asset transactions may be deemed permissible if they ensure transparency, clear utility, and freedom from manipulation and excessive speculation. The harmonization between Islamic economic principles and national law is crucial to ensure legal certainty, consumer protection, and ethical digital investment practices. This study recommends strengthening Islamic financial literacy and regulatory collaboration to build a fair and sharia-compliant digital economy aligned with the objectives of maqasidh al-syariah. Keywords: Digital assets, Gharar and Maysir, Cryptocurrency, NFT, Islamic economic law
Copyright (c) 2026 Mayang Rosana http://creativecommons.org/licenses/by/4.0
PENGARUH LITERASI KEUANGAN SYARIAH, GAYA HIDUP HEDONISME, DAN PINJAMAN ONLINE TERHADAP PERILAKU KONSUMTIF GEN Z KOTA BANDAR LAMPUNG
This study examines the influence of Islamic financial literacy, hedonistic lifestyle, and online loans on the consumptive behavior of Generation Z in Bandar Lampung City. The background of the problem stems from Gen Z's high consumptive tendencies due to digital exposure, low Islamic financial literacy, and easy access to online loans that trigger impulsive purchases. This research aims to analyze the simultaneous and partial influence of these three variables on consumptive behavior and examine consumptive behavior from an Islamic economic perspective. The research method employs a quantitative approach with purposive and accidental sampling techniques involving 100 Gen Z respondents aged 17-24 years. Data were collected through questionnaires and analyzed using multiple linear regression with SPSS 26. The results indicate that simultaneously, Islamic financial literacy, hedonistic lifestyle, and online loans significantly influence consumptive behavior F=11.953. Partially, hedonistic lifestyle t=5.131 and online loans t=3.002 have significant positive effects, while Islamic financial literacy t=-1.039 has no significant effect. The Adjusted R² value of 0.249 indicates that the three variables explain 24.9% of the variation in consumptive behavior. From an Islamic economic perspective, Gen Z's consumptive behavior should be directed toward proportional, halal consumption while avoiding israf and tabdzir in accordance with sharia principles. Keywords: Islamic Financial Literacy, Hedonistic Lifestyle, Online Loans, Consumptive behavior, Generation Z
Islamic Financial Literacy, Hedonistic Lifestyle, Online Loans, Consumptive behavior, Generation Z
Copyright (c) 2026 Muhammmad Tri Ferdiansyah Ferdi, Any Eliza, S.E., M.Ak , Ujang Hanief Musthofa, S.Ag. M.S.I http://creativecommons.org/licenses/by/4.0
EVALUASI IMPLEMENTASI PRINSIP SYARIAH PADA PRODUK MURABAHAH DAN IMPLIKASIINYA TERHADAP PERLINDUNGAN KONSUMEN DI INDONESIA
This study examines the gap between formal sharia principles and murabahah practices in Indonesian Islamic banking and its impact on consumer protection. Empirical findings indicate weaknesses, such as fixed margins that follow conventional interest rates and a lack of contract transparency, which have the potential to lead to hidden usury, customer misunderstanding, and economic injustice. The purpose of this study is to evaluate the implementation of sharia principles in murabahah and its impact on consumer protection. This study uses normative juridical methods, examining the fatwa of the National Sharia Council (DSN MUI) and Islamic banking regulations. The conclusion shows that although the regulatory framework and fatwas have adopted Sharia principles, the practice of murabahah tends to be administrative rather than substantive. Margins are often fixed and follow conventional interest rates, potentially giving rise to “hidden riba” and contradicting the maq??id of Sharia, such as al-?adl (justice) and ?if? al m?l (protection of wealth). Furthermore, contract transparency is often weak, with minimal disclosure of details of the cost price, margin, and payment risks, thus weakening the client's position and legal consumer protection. The novelty of this research lies in the proposal of a fairer ?iw?? (risk and effort compensation)-based margin model that aligns with the maq??id of Sharia, replacing the conventional fixed margin model. The research also recommends reformulating Sharia financial statements to reflect the values ??of the maq??id and making Sharia accounting a substantive oversight tool, rather than a mere formality. In addition, strengthened coordination between banking authorities, the Sharia Supervisory Board, and regulatory institutions is proposed to ensure more effective and sustainable operational oversight and compliance with principles. Keywords: Murabahah Products, Consumer Protection, Implementation of Sharia Principles
Murabahah Products, Consumer Protection, Implementation of Sharia Principles
Copyright (c) 2026 rahma_123 rahmawati sulaiman http://creativecommons.org/licenses/by/4.0
PERAN PASAR LINGSIR WENGI DALAM MENGATASI KETERGANTUNGAN MASYARAKAT TERHADAP BANK PLECIT PERSPEKTIF MAQASHID SYARIAH
Limited access to formal capital for Micro, Small, and Medium Enterprises (MSMEs) in rural areas often drives dependence on Bank Plecit (informal usurious lenders) with high-interest rates (riba), which structurally damages community economic welfare. This study focuses on analyzing the role and optimalization of the Lingsir Wengi Market program in Temuguruh Village as a community-based initiative to overcome this debt trap, examined through the perspective of the five fundamental principles of Maqashid Syariah. This research employed a qualitative approach with case study and phenomenology designs, where data was collected through participant observation, in-depth interviews, and documentation involving market managers and MSME actors. The main results indicate that the Lingsir Wengi Market plays a critical role in increasing traders' income stability and serves as an effective economic defense mechanism. The market's optimization fundamentally realizes Hifz al-Mal (protection of wealth) through legitimate transactions and Hifz an-Nasl (protection of progeny) through ensuring a decent livelihood, which is this research's significant contribution. The implication is that this sharia-based MSME market model is a practical solution for rural consumer debt issues, requiring institutional strengthening (e.g., access to micro sharia financing) to ensure sustainability. Keywords : Lingsir Wengi Market, Informal Usurious Lender, Maqashid Syariah.
Lingsir Wengi Market, Informal Usurious Lender, Maqashid Syariah.
PENGARUH CAPITAL ADEQUACY RATIO, NON-PERFORMING FINANCING, DAN FINANCING TO DEPOSIT RATIO TERHADAP VULNERABILITY BANK UMUM SYARIAH DI INDONESIA TAHUN 2020–2024
This study aims to analyze the effect of Capital Adequacy Ratio (CAR), Non-Performing Financing (NPF), and Financing to Deposit Ratio (FDR) on the vulnerability of Sharia commercial banks in Indonesia for the period 2020-2024. The main problem studied is the extent to which internal banking factors, especially capital, financing risk, and liquidity, affect the level of vulnerability (vulnerability) of the Islamic banking system as measured using the Z-score approach. This research occupies an important position in filling the gap of empirical studies on the financial stability of Islamic banking through a quantitative approach based on pooled time series (Pooled OLS) data using EViews 13 software. The method used is a quantitative approach with regression analysis techniques pooled time series data (pooled OLS) using software EViews 13. The results showed that CAR and NPF had a positive but not significant effect on vulnerability, while FDR had a negative and significant effect. Simultaneously, the three variables significantly affect the vulnerability of Islamic banks. This result confirms that the stability of Islamic banking is influenced by a combination of capital strength, financing quality, and intermediation efficiency in maintaining financial resilience in accordance with Islamic economic principles. Keywords : Capital Adequacy Ratio, Non-Performing Financing, Financing to Deposit Ratio, Vulnerability, Islamic Banking
Capital Adequacy Ratio, Non-Performing Financing, Financing to Deposit Ratio, Vulnerability, Islamic Banking
Copyright (c) 2025 Rafiustha Adi Kusuma, Muhammad Iqbal, Andika Saputra http://creativecommons.org/licenses/by/4.0
ANALISIS PENGARUH RASIO KEUANGAN DAN INFLASI TERHADAP PROFITABILITAS BANK PEMBIAYAAN RAKYAT SYARIAH DI INDONESIA PERIODE 2020-2024
This study aims to examine the influence of internal and external factors on the profitability of Indonesian Sharia Rural Banks (BPRS). The internal factors used are non-performing financing (NPF), financing to deposit ratio (FDR), capital adequacy ratio (CAR), and operating expenses to operating income (BOPO). Meanwhile, the external factor used is inflation. This is a quantitative study using secondary data in the form of monthly time series data from 2020 to 2024, with the research object being Indonesian Sharia Rural Banks (BPRS). The research method used multiple linear regression analysis. The results show that the non-performing financing (NPF) variable does not have a significant effect on profitability (ROA). Additionally, inflation does not have a significant effect on the profitability of Indonesian BPRS. However, the financing to deposit ratio (FDR) variable has a positive and significant effect on the profitability of Indonesian BPRS. Furthermore, the capital adequacy ratio (CAR) variable has a significant positive effect on the profitability of BPRS Indonesia. The operational cost to operational income ratio (BOPO) variable has a significant negative effect on the profitability of BPRS Indonesia. Keywords : ROA; NPF; FDR; CAR; BOPO; Inflasi
Copyright (c) 2025 Muslimin muslimin http://creativecommons.org/licenses/by/4.0
MACAM-MACAM AKAD DALAM PENERAPANNYA PADA LEMBAGA KEUANGAN SYARIAH DI INDONESIA
Islamic Financial Institutions in Indonesia operate based on Islamic sharia principles, which make contracts the primary basis for every financial transaction. A contract is an agreement or agreement between two parties that is legally and sharia-compliant, and serves as the legal basis for economic activities. This study aims to identify various types of contracts used in Islamic Financial Institutions in Indonesia and analyze their practical application in financial products and services. The research method used is a qualitative study with a descriptive analytical approach. Data were obtained through literature studies, DSN-MUI fatwa documentation, and analysis of practices in Islamic banking, BMT, and Islamic Financial Institutions. The results show that Islamic Financial Institutions in Indonesia use various types of contracts, both tabarru' contracts (benevolent/non-profit contracts) such as Wadiah and Qard, and Tijarah contracts (commercial/profit-oriented contracts) such as Murabahah, Ijarah, and Istishna'. The implementation of these contracts is tailored to product characteristics and customer needs. For example, the murabahah contract is widely applied in consumer financing, while the musyarakah and mudharabah contracts are used in productive business financing. The ijarah contract is commonly used in leasing products, and the wadiah contract is applied in checking account savings products. In practice, several challenges remain, such as limitations in the concept of the contract and the need for Sharia principles to prevent practices that approach usury. This research emphasizes the importance of public education regarding Sharia contracts and the need for more accurate Sharia supervision to ensure consistent implementation of contracts in accordance with Sharia principles. With a proper understanding and implementation of contracts, Sharia financial institutions can continue to grow and provide a fair, transparent, and ethical financial alternative in Indonesia. Keywords : Types of Contracts, Implementation, Islamic Financial Institutions.
Copyright (c) 2025 Vera Ayu Oktoviasari, Yuman Firmansyah, Amiruddin Kadir, Syaharuddin Syaharuddin http://creativecommons.org/licenses/by/4.0
ANALISIS PENGELOLAAN KEUANGAN DAERAH DI KABUPATEN SAMBAS
This study aims to identify and analyze regional financial management in Sambas Regency for 5 years from 2017 to 2021. The main focus of this study is to evaluate the effectiveness of regional government financial performance through financial ratio analysis, analysis of the realization of regional revenue and expenditure budgets (APBD). The method used in this study is a qualitative descriptive approach with regional financial management analysis techniques in Sambas Regency. Based on the descriptive qualitative approach, several main findings were found such as low human resource capacity, weak internal control systems, and inaccuracy in budget planning. The results of this study indicate that the liquidity ratio consisting of an average current ratio of 0.82 means that every Rp. 1, - current debt is guaranteed by Rp. 0.82, - current assets, an average cash ratio of 0.35 means that every Rp. 1, - current assets of Rp. 0.35 are cash and cash equivalents; cash to current liabilities average of 0.29 means the ability of the Regional Government to pay immediately every Rp.1- current debt using cash and equivalents of Rp.0.29,- average quick ratio of 0.60 means that the ability of the Regional Government to meet short-term obligations for every Rp.1,- using cash, cash equivalents and receivables. Of Rp.0.60, the average cash flow ratio of 2.31 means the ability of a Regional Government's operating cash flow to pay every Rp.1,- current debt owned using operating cash of Rp.2.31,-; the leverage ratio measured is the short-term debt to long-term debt ratio of 1.00. Based on the research presentation above, the researcher recommends the need to improve the competence of regional financial management apparatus through continuous training, strengthening digital-based financial management information systems and optimizing the role of the regional inspectorate as an internal supervisory institution. It is hoped that there will be improvements by the Regional Government in the coming year to ensure that the Debt Service Coverage Ratio (DSCR) remains at the minimum limit outlined by the Central Government because if loans continue to increase, there is concern that the Sambas Regency Regional Government will not be able to meet mandatory expenditure as regulated in PP 30/2011 concerning regional loans in Article 15 paragraph (1) letter b. Keywords : Analysis, Regional Financial Management, Sambas Regency Government.
Copyright (c) 2025 Yuman Firmansyah, Zainal Amaluddin, Abdul Ghofur, Raharjo Raharjo http://creativecommons.org/licenses/by/4.0
INISIATIF MASYARAKAT UNTUK MENGHINDARI BANK HARIAN: MENGGALI PERSEPSI NEGATIF MASYARAKAT
This study examines the community's initiative to avoid everyday banks, focusing on the growing negative perceptions among individuals regarding the operational practices of these financial institutions. Although everyday banks offer easy access to loans, many perceive high interest rates and unclear terms as creating significant financial risks. Using a qualitative approach, this study explores the experiences and perspectives of those involved in the "Stop Borrowing Money at Everyday Banks" movement. The results indicate that dissatisfaction with everyday banks' practices sparks social solidarity and collective initiatives to seek safer financing alternatives. Furthermore, the study finds that education and increased public awareness regarding rights and obligations in financial transactions are important factors in changing perceptions and behavior. Thus, this study provides insights into the importance of transparency and ethics in financial services and highlights the role of communities in driving positive change in the financial system. Keywords : Community Initiative, Daily Banking, Negative Perception.
Inisiatif Masyarakat, Bank Harian, Persepsi Negatif
Copyright (c) 2025 M. Khanif Ardzani http://creativecommons.org/licenses/by/4.0
PERAN BMT DALAM MENINGKATKAN KEUANGAN MIKRO SYARIAH DI KALANGAN UMKM
BMT or BaitulMaal wat Tamwil is an institution that has two functions, namely Baitul maal or fund house and baitul tamwil or business house. BMT is a sharia financial institution whose job is to store funds from third parties and the channeled to businesses that deserve help and of course profitable. This research aims to explain how the role of BMT in Islamic microfinance among MSMEs. With the existence of BMT, it is able to help the community, especially for MSME business actors. The results of the discussion show that the role of BMT in Islamic finance among MSMEs is very helpful. BMT is able to create decent jobs for the community in terms of capital. BMT provides capital to the community to be used as a business to connect their lives. The financing model carried out by BMT cannot be separated from the principles of sharia. The financing models that can be used are murabahah, musyarakah, mudarabah, and qardhul hasan. Based on this financing model, BMT produces a real impact on its application among MSMEs. The impact is that people do not need to be afraid of business capital anymore. BMT is here to help underprivileged people and make people independent to build their own businesses without having to depend on other people for capital. BMT of course still pay attention to sharia principles by prioritizing usury-free, responsible responsibility, upholding justice and the benefit of Muslims. Keywords : BMT, Sharia Microfinance, MSME
Keywords : BMT, Sharia Microfinance, MSME
Copyright (c) 2025 Hasriah Hasanuddin Hasriah Hasanuddin http://creativecommons.org/licenses/by/4.0
PENGARUH NILAI AKTIVA DAN KEWAJIBAN TERHADAP NILAI AKTIVA BERSIH (NAB) REKSADANA SYARIAH DI INDONESIA PERIODE 2019-2023
The goal of this research is to ascertain if there is a correlation between the value of Islamic mutual funds' liabilities and their net asset value (NAV), as well as the relationship between the two. All Islamic mutual funds registered with the OJK between 2019 and 2023 comprise the population of this study. The quantitative methodology of the research uses secondary data sources. To get a sample of ten Islamic mutual fund businesses, the sampling procedure was then conducted using purposeful sampling. They next analyze the gathered data using IBM SPSS Statistics 30. data analysis that uses multiple linear regression analysis to assess the hypothesis. According to a research on the topic, the NAB of Islamic mutual funds in Indonesia is significantly influenced by the value of both assets and liabilities. Along with asset value, obligations have a significant impact on Indonesia's Islamic mutual fund NAB. Keywords: Sharia Mutual Funds, Asset Value, Liabilities, Net Asset Value (NAV)
Kata Kunci: Reksadana Syariah, Nilai Aktiva, Kewajiban, NAB
Copyright (c) 2025 junita carolina pa04 http://creativecommons.org/licenses/by/4.0
MANAJEMEN PENGENDALIAN KUALITAS DALAM MENJAGA KONSISTENSI PRODUK KOPI ROBUSTA MENURUT PERSPEKTIF ISLAM PADA HOME INDUSTRY PENGOLAHAN KOPI X-BARUE
This study aims to provide general and Islamic knowledge related to quality control in maintaining product consistency of Robusta coffee at Home Industry X-Barue Kalibaru. The manuscript in this research can facilitate every coffee business enthusiast in implementing good quality control practices in accordance with principles taught in Islam. This research falls under the category of qualitative research, guided by the theory of Total Quality Management (TQM) with one of its generic tool elements, namely the process flow chart (flowchart), to visualize the production process comprehensively. The PDCA cycle from Edward W. Deming's development is also used as a presentation of data in the form of necessary work and evaluation. Data collection techniques were carried out through interviews and documentation, and the data were analyzed by performing data reduction, data presentation, and drawing conclusions. The results of this study indicate that the quality control and product consistency of Robusta coffee at Home Industry X-Barue Kalibaru are good and have implemented Islamic principles. Interviews, direct field observations, and existing documentation provide evidence that Islamic quality control has been implemented. Thus, the quality control and product consistency of Robusta coffee at Home Industry X-Barue Kalibaru have effectively applied Islamic principles and are suitable for similar businesses. Keywords: Quality Control, Product Consistency
Copyright (c) 2025 afria rachmawati85 http://creativecommons.org/licenses/by/4.0
DAMPAK LITERASI KEUANGAN SYARIAH DAN KEPERCAYAAN TERHADAP KEPUTUSAN MENABUNG DI BANK MUAMALAT KCP STABAT
This study aims to analyze the influence of Islamic financial literacy and trust on savings decisions at Bank Muamalat KCP Stabat. The method used is quantitative research with data collection techniques through the distribution of questionnaires to 78 respondents who are active customers for at least 6 months. The collected data were tested for validity, reliability, normality, multicollinearity, and heteroscedasticity, then analyzed using multiple linear regression with the assistance of statistical software. The results of the study indicate that Islamic financial literacy has a significant positive effect on savings decisions, meaning that the better customers' understanding of Islamic financial principles and products, the higher their tendency to choose Islamic savings. Trust also has a significant positive influence on savings decisions, indicating that customers' confidence in the bank's security, transparency, and compliance with Islamic principles is an important factor in determining their choice. Together, these two variables explain 50.1% of the variation in savings decisions, while the remaining variation is influenced by other factors such as income, education level, and service convenience. These findings have practical implications for Bank Muamalat KCP Stabat to enhance its Islamic financial literacy education programs through outreach, easily understandable information media, and improved service quality to strengthen customer trust. This study is limited to one branch and uses a survey method, so further research is recommended to expand the sample, add related variables, and use a mixed-method approach for more comprehensive results. Keywords: Islamic Financial Literacy, Trust, Savings Decisions
Islamic Financial Literacy, Trust, Savings Decisions
Copyright (c) 2025 Nurul Nurul, Dinda Syalshabila, Zulham Efendi Nasution, Khairani Khairani, Muhammad Saleh http://creativecommons.org/licenses/by/4.0
PENGARUH PENERIMAAN DANA ZISWAF, GWM, DAN BEBAN PROMOSI TERHADAP ROE DAN FIRM SIZE SEBAGAI VARIABEL MODERASI PERIODE 2018.Q1-2023.Q3
Abstract This research aims to understand and test the impact of ziswaf, GWM, and promotion expenses on ROE and firm size, with profitability as a moderating variable. The study applies a sample of financial sector companies listed on the Indonesia Stock Exchange (BEI) from 2018Q1 to 2023Q3. The sample selection uses purposive sampling technique, with a total of 115 companies over a 5-year period. The data analysis techniques employed include Panel Data Regression Analysis and Moderated Regression Analysis (MRA) using Eviews 12. The research findings indicate that ziswaf funds significantly and positively influence the ROE in the financial sector during the period 2018-2023. In future research, it is recommended to explore other variables as moderating factors, such as dividend policies, and to include samples from different business sectors to enhance the generalizability of the findings Keywords : Ziswaf Funds, Gwm, Promotional Expenses, ROE, Firm Size. Abstrak Penelitian ini bertujuan untuk mengetahui dan menguji pengaruh dana ziswaf, GWM, beban promosil terhadap ROE dan firm size dengan Profitabilitas sebagai Variabel Moderasi. penelitian ini mengaplikasikan Sampel penelitian pada perusahaan sektor keuangan yang tercatat dalam Bursa Efek Indonesia (BEI) tahun 2018Q1-2023Q3. penarikan sampel pada penelitian ini menggunakan teknik purposive sampling, dengan jumlah sampel sebanyak 115 perusahaan selama 5 tahun. Teknik analisa data yang laklukan adalah Analisis Regresi Data Panel dan Moderated Regression Analisys (MRA) menggunakan aplikasi Eviews 12. Hasil penelitian menunjukkan dana ziswaf berpengaruh positif signifikan terhadap ROE sektor keuangan periode 2018-2023. Pada penelitian selanjutnya diharapkan menggunakan variabel lain sebagai variabel moderasi, seperti kebijakan dividen dan menggunakan sampel perusahaan dari sektor lain agar hasil penelitian juga dapat mewakili sektor usaha lain.
Dana Ziswaf, Gwm, Beban Promosi, ROE, Firm Size
Copyright (c) 2025 habibatus syauqiyah, Eka Wahyu Hestya Budianto
ANALISIS SWOT DAN STRATEGI PEMASARAN SYARIAH PADA UD R_DESIGN PRINTING
ABSTRACT The printing business is a business that has a wide scope, this business can include graphic design, screen printing, digital printing, print media and advertising. There are many printing businesses spread across Indonesia that provide different services and products, ranging from those that specialize in just one service/product to businesses that provide almost all services and products. The large number of printing businesses currently creates a lot of competition, so printing business owners must be able to create a good strategy to face this competition.This research aims to explain how to analyze SWOT (Strengths, Weaknesses, Opportunities, Threats) and Marketing Strategy in a Micro, Small and Medium Enterprise (UMKM), namely a Printing Business which is managed by an individual by analyzing the internal and external factors of a business and how the business works. in carrying out marketing strategies.The results of this research show that the result of the SWOT Analysis are that R_Design Printing has several points which are divided into 2 internal and external factors consist of 2 elements, namely Strenghts and Weaknesses. And also external factors which consist of 2 elements, namely Opportunities and Threats. Apart from analyzing SWOT, this research also explains the Sharia Marketing Strategy at R_Design Printing using the 9PÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢s Marketing Mix.
Analisis SWOT, Strategi Pemasaran Syariah, Bisnis Percetakan.
FAKTOR-FAKTOR YANG MEMPENGARUHI KEPUASAN DAN DAMPAKNYA TERHADAP LOYALITAS PADA PEMBELIAN PRODUK ES TEH INDONESIA
This research aims to evaluate the influence of store atmosphere, product quality, and halal labels on customer loyalty, as well as the mediating role of satisfaction among Indonesian Iced Tea customer on the island of Java. Quantitative methods were used in this research invloving five constructs, and the number of samples used was 253 respondents from Indonesian Iced Tea consumers on Java Island. The sampling technique used was purposive sampling. This research uses the PLS (Partial Least Square) analysis technique, using SmartPLS with inner model and outer model as well as bootstrapping. Testing the hypothesis that store atmosphere variables, product qualitu, and halal labels have a positive and significant effect on customer loyalty through customer satisfaction. The product quality variable has a positive and significant effect on customer loyalty. meanwhile, the store atmosphere and halal label variables do not have a significant effect on customer loyalty.
store atmosphere, product quality, halal label, customer satisfaction, customer loyalty
PERBANDINGAN PERHITUNGAN PENETAPAN BIAYA JASA SIMPAN PADA PEGADAIAN SYARIAH DENGAN BIAYA SEWA MODAL PADA PEGADAIAN KONVENSIONAL
Pegadaian is the only business entity in Indonesia that officially has a license to carry out financial institution activities in the form of financing in the form of distributing funds to the public on the basis of pawn law. The emergence of institutions that implement a pawn system in Indonesia, such as pawnshops, has become a new alternative for people who need large amounts of funds quickly and with a transaction process that is not difficult. Customers can use gold, electronic goods and other valuables to be pawned as collateral. Along with the many developments in sharia-based financial institution products in Indonesia, PT. Pegadaian also produce sharia-based products, better known as pegadaian syariah. Researchers want to examine the comparison of the calculation of costs borne by customers at conventional pegadaian and pegadaian syariah. The researcher used a qualitative approach method. The results of this research show that the costs that must be borne by customers when making loans at pegadaian, both conventional pegadaian and pegadaian syariah, show that pegadaian syariah are more convenient than pegadaian.
PENGARUH PERSEPSI, LOKASI, DAN PENGETAHUAN TERHADAP MINAT MEMBUKA REKENING BANK SYARIAH INDONESIA (BSI) PADA MASYARAKAT KECAMATAN ASTAMBUL
Penelitian ini bertujuan untuk mengkaji persepsi, lokasi, dan pengetahuan terhadap minat membuka rekening BSI. Deengan adanya persepsi, terjangkaunya lokasi dan bertambahnya tingkat pengetahuan masyarakat akan meningkatkan minat membuka rekening di BSI. Penelitian ini menggunakan metode penelitian kuantitatif dengan jenis penelitian kuantitatif deskriptif dan sumber data yang digunakan adalah data primer. Sebanyak 100 orang masyarakat Kecamatan Astambul dipilih sebagai responden. Berdasarkan hasil analisis persepsi dan pengetahuan memiliki pengaruh secara parsial terhadap minat membuka rekening BSI dengan thitung sebagai 4,415 > ttabel 1.661 dan thitung sebanyak 4,726 > ttabel 1,661 secara berurutan. Dimana Ho ditolak, artinya persepsi dan pengetahuan berpengaruh positif dan signifikan terhadap minat membuka rekening. Sedangkan lokasi tidak berpengaruh secara parsial terhadap minat membuka rekening BSI dengan t hitung 1,196 < ttabel 1,661. Dimana Ho diterima, berarti lokasi tidak memiliki pengaruh secara parsial terhadap minat membuka rekening. Serta persepsi, lokasi, dan pengetahuan memiliki pengaruh secara simultan terhadap minat membuka rekening BSI dengan uji F didapatkan Fhitung 39,448 > Ftabel 2,698. Dimana Ho ditolak, artinya persepsi, lokasi, dan pengetahuan berpengaruh posotif dan signifikan terhadap minat membuka rekening BSI. Hasil R2 didapatkan 53,8% menunjukan bahwa variabel persepsi, lokasi, dan pengetahuan berpengaruh secara bersama-sama. Kata Kunci : Persepsi, Lokasi, Pengetahuan, Minat menggunakan BSI
Persepsi, Lokasi, Pengetahuan, Minat menggunakan BSI
Copyright (c) 2025 Salmiah Salmiah, Yulida Mardini, Husna karimah
PENGARUH STRUKTUR MODAL, LIKUIDITAS DAN JUMLAH PINJAMAN YANG DISALURKAN TERHADAP PROFITABILITAS PADA PT BANK PANIN DUBAI SYARIAH Tbk PERIODE 2011-2018
This study aims to determine the effect of capital structure, liquidity (cash ratio) on profitability (return on assets) both partially and simultaneously on PT Bank Panin Dubai Syariah Tbk which is listed on the IDX for the period 2011-2018. The data used is secondary data. Data collection uses documentation and literature study techniques. The sampling technique uses purposive sampling method.Data analysis techniques used include the classic assumption test, multiple linear regression analysis and hypothesis testing consisting of t test and F test. The t test aims to determine the effect partially and the F test aims to determine the effect simultaneously. The results showed that: (1) Capital structure has a positive but not significant effect on profitability with a sig value of 0.433 (0.433> 0.05). (2) liquidity has a positive and significant effect on profitability with a sig value of 0.037 (0.037 <0.05). (3) Loans have a positive but not significant effect on profitability with a sig value of 0.670 (0.670> 0.05). (4) Capital structure, liquidity and the number of loans channeled together or simultaneously have a positive but not significant effect on profitability with a sig value of 0.173 (0.173> 0.05). Keywords: Capital structure, Liquidity, Loans and Profitability
PENGARUH LITERASI KEUANGAN DAN PROMOSI TERHADAP MINAT MENGGUNAKAN E-WALLET PADA SANTRIWATI MA PUTERI AL-AMIN MARTAPURA
In line with rapid technological advancements, the use of smartphones has become an indispensable aspect of modern life. Easy internet access through smartphones has opened up signnificant opportunities for the development of e-commerce. To support online shopping activities, digital wallets have emerged as a popular digital payment innovation. This research aims to identify the influence of financial literacy and promotion on the interest in using e-wallet among female student of MA Puteri Al-Amin Martapura. The study employs a quantitative method conducted through field research reserch. Data collected from a questionnaire distributed to 82 female students using a saturated sampling method serve as primary data. The data analysis reveals that financial literacy does not demonstrate a significant influence on the interest in using e-wallets, with a calculated T-value of -0,651< tabulated T-value of 1,664. However, promotion shows a significant influence on the interest in using e-wallets, with a calculated T-value of 9,988 > the tabulated T-value of 1,664. Based on the F-test , the calculated F-value of 52,144 > the tabulated F-value of 3,111, thus is can be concluded that financial literacy and promotion simultaneously influence the interest in using e-wallets. The R2 result of 56,9% indicates that financial literacy and promotion collectively affect the interest in using e-wallets.
financial literacy, promotion, interest in using e-wallet
Copyright (c) 2024 Lola Malihah, Namiroh Namiroh, Mukhlis Kaspul Anwar