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Efficiency of Pre-Merged State-Owned Sharia Banks in Indonesia Using 2-Stage DEA Ilham; Sebastian Herman; Aam
Ekonomi Islam Indonesia Vol. 3 No. 2 (2021): Ekonomi Islam Indonesia
Publisher : SMART Insight

This study intends to conduct a comparative test of efficiency of the 3 merged state-owned banks using 5 merged Simulation models which will be measured by the 2-stage Data Envelopment Analysis (2-stage DEA) method with Islamic banks and also conventional in Indonesia. This study uses a quantitative approach using the 2-Stages Data Envelopment Analysis (DEA) method. By using in the first stage this method can measure the efficiency score generated from the input and also the output that has been determined, among others, by inputs namely Savings, Administrative Costs, Personal Costs. The outputs used are Financing and Income. In the second stage the method used is Tobit Regression which will see whether there is an influence between the dependent variables determined on the efficiency score. The dependent variable consists of 2 types, namely macrobanks consisting of GDP, Inflation, and Interest Rate. While the other is the Microbank variable including NPF, FDR, and ROA. In this study, 5 combination simulations will also be examined, which will see which combination is the most efficient. From the results of the study, it was found that the efficiency of Islamic banking as a whole is still below the efficiency of conventional banking. Meanwhile, by using 5 simulations of the merger planned by the government, namely combining BRI Syariah, BNI Syariah, and Mandiri Syariah, it was found that the merger of the 3 banks is the most optimal option in terms of efficiency. In this study also found that the dependent variable that affects the efficiency score is the ROA variable. Meanwhile, for other variables, namely NPF, FDR, GDP, Inflation, and also Interest rate does not significantly affect the efficiency score.

Impact of COVID-19 and Macroeconomic Factors on Sharia Stock Market Performance: A Case Study of Indonesia Aam; Dito
Ekonomi Islam Indonesia Vol. 3 No. 1 (2021): Ekonomi Islam Indonesia
Publisher : SMART Insight

Macroeconomic variables strongly influence investment decisions because macroeconomic variables can affect the stock market according to the country's economic conditions and government policies. The Covid-19 pandemic has harmed the economy of almost all countries in the world, including Indonesia. This study explores the effect of Covid-19 and various macroeconomic variables on Islamic stock prices in Indonesia, namely the Jakarta Islamic Index (JII), by analyzing monthly data from 2015 to 2020. This study uses the Vector Error Correction Model (VECM) to investigate the short-term and long-term effects of each macroeconomic variable and international stock index to the JII index. The results showed that the Covid-19 dummy variable significantly impacts the JII index in the short term. Meanwhile, inflation, exchange rates, money supply, the United States S&P 500 index, China's SSE index, and the Covid-19 dummy variable significantly affect the JII index in the long term. Long-term results show that inflation, exchange rates, the United States S&P 500 index, and the Covid-19 dummy variable harm the JII index. On the other hand, the money supply and China's SSE Index positively affect the JII index. This study confirms that Covid-19 can affect the decline in the Islamic stock index in Indonesia, at least the results of this study can be used as material for discussion and research on the economic impact of the Covid-19 pandemic by providing empirical evidence that the pandemic has a restrictive effect on the performance of the Islamic stock market in Indonesia.

The Influence of Internal and Macroeconomic Factors on the Profitability of Islamic Commercial Banks in Indonesia Aam; Dito Prakoso
Ekonomi Islam Indonesia Vol. 3 No. 2 (2021): Ekonomi Islam Indonesia
Publisher : SMART Insight

This paper analyzes the determinant factors to the profitability of Islamic Commercial Banks in Indonesia during the period 2012 - 2019. To this objection, 14 Islamic Commercial Banks in Indonesia have been studied. A panel data study uses impact of internal bank and macroeconomic are combine to explain the profitability of Islamic Commercial Banks as measured by Capital Adequacy Ratio (CAR), Non-Performing Financing (NPF), Financing to Deposit Ratio (FDR), total of assets, inflation and Gross Domestic Product (GDP). This study analyzed using the Generalized Method of Moments (GMM) dynamic panel data. The results of the study found that only internal bank factors that significantly affect the profitability of Islamic Commercial Banks, namely CAR, NPF, and FDR. CAR has a positive effect on ROA, while FDR has a negative effect on ROA for Islamic Commercial Banks in Indonesia. Only NPF has a negative effect on the two proxies of profitability (ROA and ROE). The results of this study indicate that Islamic Commercial Banks in Indonesia need to manage their assets optimally and apply better prudential principles in financing management to minimize financing risks so as to increase bank profitability.

Islamic Banking Efficiency in The Covid-19 Pandemic Era and The Role of Digitalization Ihsanul Ikhwan; Aam
Ekonomi Islam Indonesia Vol. 4 No. 1 (2022): Ekonomi Islam Indonesia
Publisher : SMART Insight

Over the past two years, the COVID-19 pandemic has affected the banking industry. In the current sustainable era, increasing efficiency is one of the goals that must be achieved by banks. This study aims to measure the efficiency of Islamic banking, especially during the COVID-19 pandemic from 14 Islamic banks in Indonesia within a period of 6 years, from 2015 to 2020. The non-parametric method, Data Envelopment Analysis (DEA) is used as a research method in measure efficiency. DEA results are also used to identify input and output variables that must be improved if a decision-making unit (DMU) needs to increase its efficiency in the form of potential improvement. The results of the study show that COVID-19 has an impact on decreasing the efficiency of Islamic banking in Indonesia. The Islamic banks with the highest efficiency scores are Bank Syariah Mandiri, BRI Syariah, and Maybank Syariah. Furthermore, based on the analysis of potential improvement, the most important variable to be improved by banks during the pandemic is the variable amount of financing. Islamic banking is also required to be able to adapt to digitalization in order to survive during the crisis caused by the COVID-19 pandemic and remain able to compete with conventional banking or new startups in the banking sector.

The Impact of Covid-19 on Islamic Economics & Finance Industry: A Bibliometric Analysis Evania; Aam
Journal of Islamic Economics Literatures Vol. 2 No. 1 (2021): Journal of Islamic Economic Literature
Publisher : SMART Insight

Since Covid 19 appeared at the end of 2019, this virus has caused fundamental changes in consumer behavior, economy, and industries worldwide, including halal and Islamic finance. This study aims to analyze literature studies and find out the research development related to the impact of Covid-19 on the Islamic economics and finance industry in the world by reviewing 62 documents from 2020-2021 on the Scopus database. VoS viewer to find out the bibliometric map of research development related to the impact of Covid-19 on the Islamic economics and finance industry. The results show an increase in the number of papers published on this theme in recent years from 2020 to 2021. Furthermore, based on the results from reviewing several studies, it was found that the Covid-19 pandemic impacted Islamic Economics and Finance. Industry. Since Covid 19 appeared at the end of 2019, this virus has caused fundamental changes in consumer behavior, economy, and enterprises worldwide, including halal and Islamic finance.

A Review on Halal Food Research Aam; Dwi
Journal of Islamic Economics Literatures Vol. 2 No. 2 (2021): Journal of Islamic Economic Literature
Publisher : SMART Insight

Halal can be defined as a quality standard that complies with Islamic law and is used in every activity carried out by Muslims. Muslims choose halal products and services as a form of obedience to Islamic Sharia law. The quality of halal products, commonly known as Halalan Thoyyiban, is why Muslims and non-Muslims use halal products because there is a guarantee of cleanliness, safety, and product quality for the entire production chain. The State of The Global Islamic Economic 2016/2017 report shows that the halal industry is experiencing rapid development in halal food sectors. This study aims to determine the development of halal food research trends published by leading journals on Islamic financial economics. The data analyzed consisted of 1004 indexed research publications. The data is then processed and analyzed using the VoS viewer application to find out the bibliometric map of the development of halal food research. The results show that since 1990 there has been an increase in the number of published articles on halal food and Rohman A., who writes the most about halal food. The institution that publishes the most papers related to halal food is the Faculty of Business and Accountancy, University of Malaya, Kuala Lumpur, Malaysia. In contrast, the country that publishes the most papers related to the halal food theme is Malaysia.

Green Economy and Some Relevancies from Islamic Finance Perspective Aam; Muhammad
Journal of Islamic Economics Literatures Vol. 3 No. 1 (2022): Journal of Islamic Economic Literature
Publisher : SMART Insight

The green economy is one of the new economic concepts still popular in research, emphasizing the balance between economic and environmental dimensions. The green economy concept is in line with the existing concept of Islamic finance. As a new concept, research related to a green economy is also developing. Therefore, this study aims to provide qualitative information on the development of green economy literature. There are 1183 papers in journal articles, book chapters, and conference papers indexed by the Scopus database from 1961-2021. We employed VOSViewer and Excel software to synthesize and analyze the data. This research is limited to the Scopus database related to the green economy. In addition, we identified the relevancies between the green economy and Islamic finance, and some research has been discussed these issues. Regarding the result obtained, we found that the rules in Islamic finance support the implementation of the green economy concept. Furthermore, we also found sukuk as a potential instrument in Islamic finance that can be utilized to promotes the green economy concept.

Knowledge Management, Innovation, and Islamic Banking Lia Amaliawiati; Aam
Journal of Islamic Economics Literatures Vol. 3 No. 1 (2022): Journal of Islamic Economic Literature
Publisher : SMART Insight

The external environment in which the company as an open system operates is constantly increasing dynamically. Companies accustomed to formulating their business strategies by predicting trends in the next five to ten years are frustrated because changes occur quickly and cannot be expected. As companies continue to emerge that are primarily engaged in the banking business and Islamic banking, the competitive competition between one company and another is increasing. This competition is one of the challenges and obstacles the company faces. To overcome this, one way that can be used to be superior to other companies is to make the best use of the information contained within the company, which can be used to meet the company's information needs. In the course of their business, companies will face significant employee turnover. In addition, the knowledge possessed by one employee becomes an asset of the employee himself. This is an obstacle. If the employee who has this knowledge is not in the office or out of the company, the knowledge will go along with the owner. As a result, the cost and time that the company must spend to provide training to new employees are more detrimental to the company. The concept of science that can answer these challenges is Knowledge Management. This study aims to determine the development of Knowledge Management in Islamic Banks research trends published by reputable scopus publication. The data analyzed consisted of 84 indexed research publications. The data is then processed and analyzed using the VoS viewer application to find out the bibliometric map of the development of Knowledge Management in Islamic Bank research.

Mapping Research on Islamic Fintech Using Biblioshiny-R Aisyah As-Salafiyah; Aam; Lina Marlina
Journal of Islamic Economics Literatures Vol. 3 No. 2 (2022): Journal of Islamic Economic Literature
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/jiel.v3i2.108

This bibliometric study investigated the current state of documents on Islamic financial technology published by digital object identifier equipped journals listed in Dimension. The analysis focused on the description of characterictics and trends of the keywords, authors and journals. The data analyzed were 229 publications of research publications in Dimension (https://dimension.ai). The searches used to establish the study dataset were last updated on 30 January 2021. Descriptive statistical methods were used, and a bibliometric analysis was conducted using the R Biblioshiny to find out the bibliometric map. The number of articles discussing the theme of Islamic fintech has been quite large in recent years. There are many journals that publish this theme, among which the most impactful is the SSRN Electronic Journal which has many authors who research regarding this theme with various keywords. The most popular keywords used are ‘Islamic, Fintech, Financial’. This study provides an overview of trends in the most popular keywords, journals and authors in articles on the topic of Islamic fintech, thus providing information for researchers focused on research in the field of Islamic finance. In the end, this theme has the potential to continue to be developed.

Waqf and Poverty: A Review Aam
International Journal of Waqf Vol. 1 No. 1 (2021): International Journal of Waqf
Publisher : SMART Insight

The existence of waqf in Islam in addition to getting the pleasure and reward of Allah, is also a social service to humans. The form of waqf in social worship is in the form of community empowerment, social security, health, education, agriculture, animal husbandry, and others. This concept indicates that Islam has thought of a solution to the problem of social inequality in society. This bibliometric study maps out research related to the development of research trends themed Waqf & Poverty during the period 2002-2021 from 49 published journal sources. Descriptive statistical methods were used, and bibliometric analysis was performed using the VOSViewer application to determine the bibliometric map. The number of articles discussing the theme of Waqf & Poverty shows an increasing trend from year to year, in line with the development of Islamic finance. The most popular keywords used are Waqf, poverty and cash waqf. The most prolific writers were Muhammad A.D., Haneef M.A., and Mohammed M.O. Meanwhile, the country with the most popular writers and the most is Malaysia. The research provides information for researchers who focus on research in the field of Islamic Social Finance. In the end, this theme has the potential to continue to be developed.

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