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AFEBI Islamic Finance and Economic Review
ISSN : 25485288     EISSN : 25485296     DOI : -
Core Subject : Economy,
AFEBI Islamic Finance And Economic Review (AIFER) is an academic journal which is published twice a year (June and December) by The Association of The Faculty of Economics and Business Indonesia. AIFER is aimed as an outlet for theoretical and empirical research in the field of Islamic Finance and Economics and to disseminate the information of the Islamic Finance and Economics research was conducted by members of AFEBI in particular and researchers in general to the academics, practitioners, students, and others who interested in Islamic Finance and Economics research.
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Articles 78 Documents
The Opportunities To Have Own Home in Banda Aceh City Yasrizal Yasrizal
AFEBI Islamic Finance and Economic Review Vol 2, No 01 (2017)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (441.078 KB) | DOI: 10.47312/aifer.v2i01.62

Abstract

As we know that the development of infrastructure, especially housing problems is really needed by everyone and had so much built by developers both inside the city and outside the city. This rmesidential development ranging from the type, design and technical specifications are varied, it is intended to be accessible by consumers. Although developers already provide some conveniences such as the ability to repay in accordance with the selected type, there are still plenty of civil servant (PNS) as well as those working in the private sector has not been able to buy/own their own home on the grounds of various considerations interests respectively. Explanatory variables used in this model consists of a variable income, number of household members, gender, education level, employment sector, age and marital status will affect the probability of households to own their own home.The data used is the National Socio-Economic Survey 2011, which contains the results of a survey conducted by BPS. This thesis focuses on the area of Banda Aceh as well as using the logit model estimation. The result of calculations show that the proportion of households in the city of Banda Aceh who own their own home around 53.83%, with the proportion who are not self owned approximately 46.17%. The analysis showed that the variables household size and age significantly affect the chances of having their own home with a significance level of 5%.Keywords: Home Ownership, Logit Model
Zakat Impact on Poverty and Welfare of Mustahik: A CIBEST Model Approach Irfan Syauqi Beik; Caesar Pratama
AFEBI Islamic Finance and Economic Review Vol 1, No 01 (2016)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (784.335 KB) | DOI: 10.47312/aifer.v1i01.16

Abstract

This research aims to analyze the impact of productive zakat program in poverty alleviation of mustahik households, based on materially and spiritually aspects. Primary data was used as the source of data through distributing administered questionnaires in four rural areas in Bogor Regency. 121 respondents had been interviewed. They were the recipients of Masyarakat Mandiri program of Dompet Dhuafa Amil Institution. CIBEST model which have been developed by Beik dan Arsyianti (2014) was used as the tool of analysis. CIBEST model comprising four indices is used as tool of analysis. These indices are welfare index, material poverty index, spiritual poverty index and absolute poverty index. It is found that the presence of zakat utilization program is able to increase welfare index of the mustahik by 147.14 percent. The material poverty index, spiritual poverty index and absolute poverty index can also be reduced by 49.6 percent 1.6 and 12.3 percent, respectively. Meanwhile, welfare index increase by 63.7 percent. In conclusion, productive zakat program give positive impact to the mustahik household life.Keywords: CIBEST model, Islamic poverty index, poverty, productive-based zakat program
The Influence of Islamic Branding and Religiosity on Brand Image Anggie Lia Andini; Popy Rufaidah
AFEBI Islamic Finance and Economic Review Vol 2, No 02 (2017)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (322.751 KB) | DOI: 10.47312/aifer.v2i02.111

Abstract

The purpose of this study is to identify the magnitude of influence of Islamic branding and religiosity on brand image. Problem formulations in this research are whether there is an influence of Islamic branding and religiosity on brand image. This study uses explanatory survey method to explain the causal relationship of research variables through hypothesis testing. The population of the study is the consumers of cosmetic products in Indonesia. The study uses purpose sampling method, targeting the consumers of halal cosmetics and Islamic brands. Validity test results show that out of 37 question items, 36 items have correlation scores above 0.30 which means good and valid at 1% of significance level. Reliability test results show that all variables have Alpha Cronbach scores above 0.90 which means very reliable and significant at 1% of significance level. The study results show that Islamic branding and religiosity have significant influence on brand image. Islamic branding has a greater than toward brand image.Keywords: Brand Image, Islamic Branding, and Religiosity
Customer Loyalty of Islamic Banks Adi, Pramono Hari
AFEBI Islamic Finance and Economic Review Vol 1, No 01 (2016)
Publisher : AFEBI Islamic Finance and Economic Review

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The highly rapid growth of sharia commercial banks have required them to compete in obtaining and retaining customers. Therefore, it is important to look carefully at the position of their brands within the industry. Among the measures to see how strong the position of a brand in the market is the level of customers’ brand loyalty. There are five levels of brand loyalty, each of which indicates particular marketing challenge to be addressed. Those levels - from least loyal to most loyal - include switcher, habitual buyer, satisfied buyer, liking the brand, and committed buyer. Using questionnaire to collect primary data from 100 respondents, the results indicate that the highest brand loyalty to Islamic banks has been at the level of satisfied buyer and liking the brand, indicating that consumer loyalty to the Islamic banks has not been perfect. Loyalty needs to be improved towards the committed buyer.Keywords: Brand, Customer Loyalty, Islamic Bank
Demand Elasticity Analysis of Islamic Banking Financing in Indonesia Eka Fitriyanti
AFEBI Islamic Finance and Economic Review Vol 2, No 01 (2017)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (612.624 KB) | DOI: 10.47312/aifer.v2i01.64

Abstract

This research aims to analyze the elasticity of demand for Islamic bank's financing in Indonesia. The variables observed in this study is inflation and income per capita. This research uses time series of data for the period 2004-2015, which is a secondary data. The Data is sourced from the central bank of Indonesia and Indonesian Central Bureau of Statistics, the models used in this study is a model of multiple regression equations and Analyzed using Ordinary Least Squares (OLS). Based on the estimates, the Research found that the inflation and income per capita significantly influence elasticity of demand for Islamic bank's financing in Indonesia. The elasticity of demand for Islamic bank's financing is inelastic to changes in price. This means that the demand Islamic bank's financing in Indonesia are not sensitive to changes in price. So, Islamic banks must be-able using other factors for growth Reviews their financing.Keywords: Elasticity of Demand, Income per Capita, Inflation, Islamic bank’s financing
Customer Loyalty of Islamic Banks Pramono Hari Adi
AFEBI Islamic Finance and Economic Review Vol 1, No 01 (2016)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (457.315 KB) | DOI: 10.47312/aifer.v1i01.17

Abstract

The highly rapid growth of sharia commercial banks have required them to compete in obtaining and retaining customers. Therefore, it is important to look carefully at the position of their brands within the industry. Among the measures to see how strong the position of a brand in the market is the level of customers’ brand loyalty. There are five levels of brand loyalty, each of which indicates particular marketing challenge to be addressed. Those levels - from least loyal to most loyal - include switcher, habitual buyer, satisfied buyer, liking the brand, and committed buyer. Using questionnaire to collect primary data from 100 respondents, the results indicate that the highest brand loyalty to Islamic banks has been at the level of satisfied buyer and liking the brand, indicating that consumer loyalty to the Islamic banks has not been perfect. Loyalty needs to be improved towards the committed buyer.Keywords: Brand, Customer Loyalty, Islamic Bank
Reduction of Food Commodities Contributor Inflation on Household Welfare Changes in The Province of Aceh Yasrizal Yasrizal; Ishak Hasan; Yusnaidi Yusnaidi
AFEBI Islamic Finance and Economic Review Vol 2, No 02 (2017)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (277.311 KB) | DOI: 10.47312/aifer.v2i02.112

Abstract

The relationship of inflation and poverty can be seen from the contribution of the commodity contributor poverty. Increases in the prices of commodities contributor to poverty led to declining real incomes and loss of income(incomeloss)households, causing poverty. Commodities contributor to poverty is dominated by food commodities. Rice and filter cigarettes are commodities contributor to poverty in Aceh most dominant. Model AIDS is a development of the Engel curve and Marshall equations derived from the theory of maximization of satisfaction. These models use a proportion of household expenditure on a commodity selected to represent variable demand. This research is empirical study. The data used are primary and secondary data obtained from field research and literature. Research will be located in Banda Aceh and Aceh Barat. Using the model of demand is almost ideal or model of AIDS will be seen household behavior in response to changes in commodity prices contributor of poverty. From these observations, the inflation rate of food commodities greatly affect the welfare of the people of Aceh province, both for household Banda Aceh and Meulaboh. Inflation of food commodities had a huge influence to reduce household welfare in Banda Aceh. Furthermore, the majority of households Meulaboh work in agriculture and fisheries. So it can meet its own needs and also be produksen. Many factors substitutes (goods substitution) and cultural factors affecting the level of price elasticity of the goods themselves for food commodities, changes in the elasticity of greater food in Banda Aceh than the district of Meulaboh.Keywords: Elasticity, Food Commodities contributor to poverty, Inflation, Model of AIDS
Shari’ah Compliances Stock Market Integration: Evidence From Indonesia and Malaysia Helma Malini
AFEBI Islamic Finance and Economic Review Vol 2, No 01 (2017)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (894.465 KB) | DOI: 10.47312/aifer.v2i01.59

Abstract

The nature of stock market integration has been an issue for almost a decade; this issue is more complicated toward Shari’ah compliance between countries since there are differences of companies screening process that can be classified as Shari’ah compliances. The differences make the integration of Shari’ah compliances stock market become a major issue in trying to answer the question whether one country can be the placed for Shari’ah portfolio diversification. This study aims to measure Shari’ah compliances integration and portfolio diversification in Indonesia and Malaysia Shari’ah compliances toward other Shari’ah compliances in the world. Six Shari’ah compliances are selected based on countries level of development and geographical factor. This studies relies on two major time series investigation techniques, namely the Auto-Regressive Distributed Lag (ARDL) approach and multi-variate Vector Error Correction Mechanism (VECM), based on the Generalized Methods of Moments (GMM). The ARDL approach is used to determine the existence of long run integration among Shari’ah compliances, while the multi-variate VECM based on the GMM is adopted to provide a robust analysis of short and long-run dynamic causal linkages among the stock markets.Keywords: Efficient Market Hypothesis, Portfolio Diversification, Shari’ah compliances Integration
The Economics Perspective of The Practice of MMM-Indonesia Daris Purba
AFEBI Islamic Finance and Economic Review Vol 2, No 01 (2017)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (653.977 KB) | DOI: 10.47312/aifer.v2i01.65

Abstract

The MMM presence in Indonesia is becoming very popular because it promises a fantastic profit. Although covered by mutual-aid mode, not a few who perceive it as an investment business. Having observed the rapid development of the MMM as a new investment scheme, the researcher is driven to conduct a study on the economics perspective on the MMM. The objective of this research is to describe the practice of MMM-Indonesia and to review it from economics perspective.This study belongs to qualitative study with the descriptive-empirical approach. The informants were 4 MMM national top-leaders, a manager, a victim, and a new member. The methods of data collection used were preliminary survey, literature studies, interviews and observation. The data were analyzed using the descriptive analysis technique.The result of the study shows that MMM-Indonesia practice pyramid scheme, Ponzi scheme, and money game in its system. The research concludes that Indonesian government is unaware of the existence of this scheme threat and does no action against it. The study also concludes that the practice of MMM-Indonesia is incompatible with economics theories.The author suggests that the Indonesian government must ban the practice of the MMM as it is a threat to national economic growth and stability. The author suggests other researchers to do further research on the server, moderator, administrator, and company management of the MMM.Keywords: Economics, MMM, Ponzi Scheme, Pyramid Scheme
The Marketing Concept in Islamic Perspective: A Literature Review Mirza Tabrani; Marlizar Marlizar
AFEBI Islamic Finance and Economic Review Vol 1, No 01 (2016)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (508.565 KB) | DOI: 10.47312/aifer.v1i01.19

Abstract

The objectives of this paper is to review some researches on marketing concept in Islamic perspective. The expected of this review is to provide benefits for related researches in the future. This study uses some review papers, empirical studies and books related to marketing concept in Islamic perspective. The analysis allows identifying interesting points for future research on the topic of marketing concept in Islamic perspective. This paper provides a better understanding on how Islamic perspective on marketing concept. This paper only reviewed concerned articles from Science Direct, Emerald Insight and books. The results of the review showed that the limited studies about the marketing concept in Islamic perspective (Islamic marketing concept). Result of this study is believed to give worth understanding about actual situation in this field of research. It proposed some notions that will stimulate more intensive researches in this field in the future.Keywords: Islamic Perspective, Literature Review, Marketing Concept, Marketing Mix