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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.
Arjuna Subject : -
Articles 6 Documents
Search results for , issue "Vol 7, No 01 (2022)" : 6 Documents clear
Health Sector Sharia Shares Reaction to The Events of The 2019 Corona Virus Disease Distribution Muhammad Irfan Yusuf
AFEBI Islamic Finance and Economic Review Vol 7, No 01 (2022)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v3i2.328

Abstract

The purpose of this study was to determine the reaction of ISSI-listed health stocks to Covid-19 which was divided into three events, namely the lockdown of the city of Wuhan, the announcement of the President of the Republic of Indonesia regarding the Covid-19 case, and the WHO announcement about the virus pandemic. This study uses a quantitative approach with the event study method. Market reaction is measured by the abnormal return variable and trading volume activity. Meanwhile, the Market model is used to find the expected return with a simple linear regression analysis technique, which is then carried out by the one-sample Kolmogorov Smirnov test for normality and one sample t-test for hypothesis testing. The results of the study found that the manufacturing and service sectors were not affected by the Wuhan lockdown. Because the indicators AAR, CAAR and ATVA do not show significant results. Meanwhile, the announcement of the President of the Republic of Indonesia regarding the Covid-19 case and the announcement of the WHO pandemic virus showed that there was an influence on the manufacturing sector and health services. Because the indicators AAR, CAAR and ATVA show significant results. The results of the study found that the manufacturing and service sectors were not affected by the Wuhan lockdown. Meanwhile, the announcement of the President of the Republic of Indonesia regarding the Covid-19 case and the announcement of the WHO pandemic virus showed that there was an influence on the manufacturing sector and health services.
Financial Exclusion in Northern Nigeria: A Lesson From the Developed Countries Tijjani Muhammad; Besar Bin Ngah; Al-Shaghdari Fahd Mohammed Obad
AFEBI Islamic Finance and Economic Review Vol 7, No 01 (2022)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v7i01.565

Abstract

The objective of this paper is to assess the causes of financial exclusion in northern Nigeria, including the reason and causes behind the accessibility to banking services at a competitive and affordable prices. The study adopted Confirmatory Factor Analysis under Structural Equation Modeling using vulnerable group theory (Religiosity and Poverty) and financial literacy theory (Awareness). In this study, the survey method was used, additionally, the stratified sampling technique is applied as it provides richness and accuracy of information from respondents from various stratums. The participants comprised senior, middle and lower classes for the study justification. The finding indicates the positive relationship between Vulnerable Group Theory and Financial Exclusion while Financial Literacy Theory has no relationship as indicated. Therefore, the vulnerability which is consists of Religiosity and Poverty drive as the major causes of Financial Exclusion in Nigeria. The research provided insights and developed a model that indicates the causes of financial exclusion and apparent barriers to better financial services and inclusion in the community and society.  This study's originality shows that have not used such vulnerable group theory and financial literacy theory for justification.
Determinant Of Cash Holding From Listed Company In Jakarta Islamic Index Savilla Azzahra; Puji Sucia Sukmaningrum
AFEBI Islamic Finance and Economic Review Vol 7, No 01 (2022)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v7i01.391

Abstract

Cash Holding has a crucial role in every firm. There is a lot of consideration why companies keep their cash on hand. These situations depend on motive of the firm and condition that they have faced. This study aims to determine the effect of leverage, liquidity, growth opportunity and  firm size on firm cash holding. The sample of this study are listed firm from Jakarta Islamic Index (JII) from 2012-2019. The research method is quantitative, using  Random Effect Model (REM). The number of observation reaches 80 data from listed firm in Jakarta Islamic Index during 2012-2019. Sources of data was provided in annual financial report from Indonesia Stock Exchange (IDX) or from official website. This study concludes that leverage and firm size has negative significant effect on cash holding while growth opportunity and liquidity have insignificant negative effect on firm cash holding.
Research Growth in Sharia Accounting and Finance in Indonesia Dini Dewindaru; Ratna Kusumadewi; Laili Latifah Puspitasari
AFEBI Islamic Finance and Economic Review Vol 7, No 01 (2022)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v7i01.458

Abstract

This study seeks to describe the development of research in Islamic accounting and finance in Indonesia. The in-depth study aims to understand the research topics of published articles and conference papers published in the period of 1997-2018. The results found in samples are grouped into four major research topics: concept, construction, pre-position, and performance assessment. The findings proved that conceptual topics dominated researches conducted in the period 1997-2013, while performance measurement was the dominant topic of the 2014-2018 study period. Based on these findings, it is concluded that research in the field of Islamic accounting and finance in Indonesia is still in the process of growth and development. In addition, this study also discovered a significant increase in the number of articles in the last two years, which indicates a growing and ascending trend in Islamic accounting and finance studies in Indonesia. The research mapping is expected to provide insights into various research topics that have been written and topics that still open for further research.
Sharia Compliance and Information Asymmetry for IPO In Bursa Indonesia Afira Rohmahtunisa; Shoimatul Fitria
AFEBI Islamic Finance and Economic Review Vol 7, No 01 (2022)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v7i01.516

Abstract

This study aims to analyze the effect of shariah compliance status, and information asymmetry as a proxy for institutional ownership variables, and company size on excess demand in initial public offerings on the Indonesia Stock Exchange. This study uses 51 companies that conduct initial public offerings on the Indonesia Stock Exchange as research samples obtained through purposive sampling method. The research method used in this study is a quantitative method with secondary data. The analytical tool in this research is IBM SPSS version 28 using classical assumption detection in the form of normality detection, heteroscedasticity detection, autocorrelation detection, and multicollinearity detection. This study also used multiple regression analysis and hypothesis testing using t test, F test and coefficient of determination test. The results of this study show that shariah compliant status does not affect excess demand in initial public offerings, while for institutional ownership variables positively and significantly affects excess demand in initial public offerings and company size negatively and significantly affects excess demand in initial public offerings on the Stock Exchange Indonesia.
The Influence of Halal Destination Awareness on Halal Destination Loyalty: A Study on West Sumatera Anya Safira; Nabila Salsabilia
AFEBI Islamic Finance and Economic Review Vol 7, No 01 (2022)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v7i01.561

Abstract

Opportunities in developing Muslim-friendly tourist destinations in Indonesia are getting bigger along with the increasing Muslim population in Indonesia and in the world. Since receiving the spotlight as a country with several world-class Halal Tourism awards, Indonesia has begun to focus on developing Muslim-friendly tourism comprehensively. West Sumatra is one of the provinces that has become the focus of the Indonesian Ministry of Tourism and Creative Economy as a Muslim-friendly tourist destination in Indonesia with the aim to provide Muslim-friendly tourism services for the global Muslim community. This study was conducted to analyze the effect of Halal Destination Awareness on Halal Destination Loyalty of West Sumatra as a Muslim-friendly tourist destination. Data was collected using a self-administered questionnaire and 386 respondents were obtained and then processed using PLS Structural Equation Modeling with SmartPLS 3.0 software. This study found that halal brand destination awareness has an effect on halal destination brand loyalty in the selection of West Sumatra as a Muslim-friendly tourist destination. These results can be used as a reference for tourism industry players to maximize the potential and advantages possessed by West Sumatra as a Muslim-friendly tourism destination. 

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