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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 78 Documents
Poverty Treatment Effectiveness in the Era of Pandemic COVID-19 With the Role of the Baitul Maal Wat Tamwil Vabila Ananta Setya; Tika Widiastuti
AFEBI Islamic Finance and Economic Review Vol 6, No 02 (2021)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v6i02.384

Abstract

Islam teaches to minimize the gap between the rich and the poor through the teachings of Zakat, Infaq and Sedakah (ZIS). Indonesia is one that is included in the red zone of a poor country with various potentials and problems. The problem that will be examined in this research in general is how to strengthen economic institutions run by BMT in poverty reduction efforts. The purpose of this study is to reveal that BMT financing is effective in reducing poverty, where most respondents can increase their income after receiving BMT financing as an effort to reduce poverty and find out what efforts / policies have been established by the government to overcome poverty during the COVID-19 pandemic.
Sharia Property Business Development Strategy: IFAS and EFAS Matrix Model Juliana Juliana; Hilda Monoarfa; Rika Jarianti
AFEBI Islamic Finance and Economic Review Vol 5, No 01 (2020)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v5i01.333

Abstract

The phenomenon of population growth is not in line with housing growth in Indonesia, which is the problem in this research. Besides, the current concept of homeownership still tends to use a conventional pattern based on ribawi, which is an obstacle for a Muslim to own a house. The purpose of this study is to determine the strategy of developing the Islamic property business from internal and external factors. The research method used is a quantitative method with data analysis techniques using the SWOT matrix analysis of IFAS (Internal Strategic Factors Analysis Summary) and EFAS (External Strategic Factors Analysis Summary). The population in this study were developers in the Greater Bandung area and the sampling used the convenience sampling method with a total sample of six expert respondents who were ready and willing to become respondents who represented academics, practitioners, and regulators. Based on the SWOT analysis with the IFAS and EFAS matrices, the results show that the position of the Islamic property business is in quadrant 1A, which is experiencing rapid growth. This quadrant shows that the right choice of strategy is rapid growth. The alternative strategy that is used as input is the S-O (Strength-Opportunities) business strategy so that the development strategy formulated is to use all strengths to seize and take advantage of the greatest possible opportunities. This research implies that the existence of business development efforts through SWOT analysis can strengthen the strategy to increase Islamic property and overcome the buying and selling of homeownership that is not yet following Islamic values.
Convergence and Divergence Analysis in Islamic Financing Ihdina Sabilal Haq; Sri Herianingrum
AFEBI Islamic Finance and Economic Review Vol 4, No 01 (2019)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v4i01.372

Abstract

This study aims to determine the convergence and divergence between the theory and practice of Mudaraba and Musyaraka financing in Islamic Banking. The method used in this study is a combination of reviewing the existing literature and critical analysis of the results of several relevant studies to analyze the convergence or divergence between the theory and practice of Mudaraba and Musyaraka financing in Islamic Banking. The findings show that the divergence in the financing of Mudaraba and Musyaraka contracts tends to be less than the convergence. This can be caused by the times and the different needs of these developments, so there is a need for innovation and diversification of Mudaraba and Musyaraka financing which makes it slightly different between practice and theory.
The Effect of Religiusity, Halal Label, Brand Image and Celebrity Endorser on Purchase Decisions on Shampo Hijab Products (The Case of Muslim Consumer Study in Semarang) Victorio Aqsa Falajabudien; Fuad Mas'ud
AFEBI Islamic Finance and Economic Review Vol 5, No 02 (2020)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v5i02.445

Abstract

The demand for halal products is mandatory for every Muslimah, including halal hijab shampo products. This study aims to determine the effect of religiosity, halal label, brand image, and celebrity endorser as independent variables in this study on purchasing decisions for hijab shampo products, which are the dependent variable. The data collection method was done through a questionnaire. The population in this study are Muslim consumers who have bought and used shampo hijab products in the city of Semarang. This study selected a sample of 100 respondents using a purposive sampling approach. The data are then analyzed using multiple linear regression analysis techniques. The results of the analysis show that the halal label and brand image variables have a positive and significant effect on purchasing decisions, while the religiosity and celebrity endorser variables have no significant effect on purchasing decisions. Simultaneously, the results of the independent variable religiosity, halal label, brand image and celebrity endorser have a simultaneous effect on purchasing decisions.Keywords: Religiosity; halal label; brand image; celebrity endorser; purchase decision
Implementation of Maqashid Sharia and Islamic Corporate Social Reponbility in Production Ethics (Case Study of Tempe Home Industry in Kamal Madura) Mursyidi Abror
AFEBI Islamic Finance and Economic Review Vol 6, No 02 (2021)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v6i02.464

Abstract

Islamic economics is an economic system that is built on the basics and arrangements of the Qur'an and Al-Sunnah with the aim of maslahah. Production does not only create something that does not exist, but also makes goods resulting from several productive activities that have usability. A producer must contain Islamic values in their production activities. This value is reflected in the objectives in the production cycle must containgood luck and uphold the ethics and norms of both parties, namely consumers and producers whose ultimate goal is to achieve happiness in the world and the hereafter (falah). This article discusses ethical issues related to tempe producers and their relation to religion. The literature review used includes the concept of ethics, production theory, Islamic production ethics and production in Islam. At the end of the discussion, namely how a tempe producer creates a mashlahah in their production activities by implementing the maqashid sharia concept and the concept of social responsibility in Islam (ICSR) from the tempe production activities so that their activities achieve Islamic values: barokah, maslahah, falah, responsibility. social responsibility that synergizes with production theory.
Analysis of Strategy for Tangguh SMEs Assisted by DT Peduli East Java in the Pandemic COVID-19 Riska Delta Rahayu; Riski Delta Ningtyas; Muhammad Rofiq Fatakhudin; Bakhrul Huda
AFEBI Islamic Finance and Economic Review Vol 6, No 01 (2021)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v6i01.400

Abstract

Tangguh SMEs is an empowerment program for the community by Daarut Tauhid Peduli East Java in entrepreneurship field which was founded in 2020 which coincides with the Covid-19 pandemic. It has an impact on delays in the production and sales process. The purpose of this study is to analyze the internal and external conditions of the business and formulate a business strategy that is suitable for Tangguh SMEs. The research method used is a qualitative-descriptive. Data collection techniques using observation, interviews, and documentation. The data that has been collected is then analyzed using the IFE and EFE matrices, SWOT matrix, IE matrix, and QSPM. The result of the IFE matrix is 3.05 and  EFE matrix is 3.00. Then the results of SWOT matrix and IE matrix show that the position is in a growth and development strategy so that strategic choices that can be applied are market penetration, product development, market development, and horizontal integration. The final result of this research can be concluded that the recommendation of the right strategy for Tangguh SMEs from QSPM is a market development strategy then followed by a product development strategy.Keywords: Tangguh SMEs; Covid-19; business strategy; strategy choice.
Islamic Public Finance Instruments According to Kitab Al Amwal by Ad Dawudi Siti Mudrikah; Muhamad Nafik H Ryandono
AFEBI Islamic Finance and Economic Review Vol 6, No 01 (2021)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v6i01.347

Abstract

Islamic public finance is a theme that has been discussed by several previous scholars, such as Ad Dawudi in his book AL Amwal. In this paper, the author examines his writings on the source of state finance through state revenue, namely zakat. Zakat according to Ad Dawudi has a role to eliminate social disparities between the rich and the poor, creating a high sense of solidarity. This study uses a literary study of the book Al Amwal by Abu Ad Dawudi as the first source. His thinking said that zakat was able to provide economic support, even his thoughts were used in the Fatimid government. At that time, his country was experiencing the chaos of corruption and social inequality. Then the incident is relevant to the state of declining economic growth in Indonesia, one of which is marked by increasing poverty. Ad Dawudi's thought regarding zakat is expected to be able and relevant to be used to make policies in Indonesia, especially Indonesia has the largest Muslim community.Keyword: Ad Dawudi, Islamic Public Finance, Zakat, Poverty, Islamic Economics
Analysis Influence of Human Resource Management Practices on Study Employee Performance at PO. Haryanto Kudus Novita Yuliana; Fuad Mas'ud
AFEBI Islamic Finance and Economic Review Vol 5, No 01 (2020)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v5i01.441

Abstract

Islamic business management has begun to applied by several companies to set and achieve goals. The phenomenon shows that there are companies that implement Islamic business management that can achieve success, growing rapidly, and compete with others companies that do not apply Islamic business management principles. The company is PO. Haryanto Kudus. The success of a business is supported by several factors, one important factor is the support of human resources. A company needs to pay attention to human resource management to achieve the goals. This study aims to analyze the effect of human resource management practices on employee performance on PO. Haryanto Kudus. Data collection method are done through interviews and questionnaires. The object of this research are 83 employees at PO. Haryanto Kudus. This study uses multiple linear regression analysis techniques from the application of SPSS 23. The results of the analysis shows that employee recruitment and selection, performance appraisal, and compensation are in a positive and significant effect on employee performance in PO. Haryanto Kudus.Keywords: Human Resources, Recruitment and Selection of Employee, Performance Appraisal, Compensation.
Opportunities and Threats of Bank BRI KCP Kukar Tenggarong in Increasing the number of Tabungan Faedah BRI Syariah IB Syarifah Syarifah; Sri Wahyuni
AFEBI Islamic Finance and Economic Review Vol 6, No 02 (2021)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v6i02.387

Abstract

This study aims to provide an alternative strategy in facing opportunities to threaten the benefits of Tabungan Faedah BRI Syariah IB productat the Bank BRI Syariah KCP Kukar Tenggarong.This research used study of literature and SWOT analysis. SWOT analysis is the identification of various factors systematically to formulate a company strategy. This analysis is based on the logic that can maximize strengths and opportunities), but at the same time can minimize weaknesses and threats. The results of this study indicate that the BRI Syariah KCP Kukar Tenggarong bank has strengths, weaknesses, opportunities and threats to its product benefits. This research also provides 4 alternative strategies that can be used by banks in facing opportunities and threats. The 4 alternative strategies are the SO strategy, the WO strategy, the ST strategy and the WT strategy
Do Macroeconomics Variables Affect Conventional and Islamic Banking Profitability? Achmad Fadlil Abidillah; Muhamad Nafik Hadi Ryandono
AFEBI Islamic Finance and Economic Review Vol 4, No 02 (2019)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47312/aifer.v4i02.363

Abstract

This study aims to examine the impact of external macroeconomic variables on profitability of conventional banking and Islamic banking in Indonesia. Macroeconomic variables included in the model are: inflation, gross domestic product, exchange rate, and money supply. This study took a period of time from 2007 to 2017, quarterly. Using an Engle-Granger cointegration test and error correction model, this study will analyze a short and long term correlation of macroeconomic variables again banking profitability. The results of this study indicate that in short term, conventional bangking’s profitability is influenced by money supply, while in long term is influenced by inflation and currency exchange rates. Then, other results show that macroeconomic variables do not affect Islamic banking’s profitability in the short term, while in long term Islamic banking’s profitability is only influenced by exchange rate of currency. This study provides recommendations to banking management in order to optimizing management of its instruments, so that it can adjust to macroeconomic turmoil in the economy.