Talaa : Journal of Islamic Finance
Talaa : Journal of Islamic Finance is presented as an effort to globalization of Islamic finance. The goal is to become a reputable and internationally recognized scientific journal. Talaa journal focuses on Islamic Finance studies and present developments through the publication of articles. Specifically, the journal will deal with topics, Islamic Financial Management, Islamic Financial Technology, Zakah and Waqf, Islamic Philanthropy, Poverty Alleviation, Islamic Public Finance, Monetary Economics, Institutional Finances, Behavioural Economics and Finance, Financial Engineering, Securitization and Sukuk, Islamic Capital Markets. The journal is intended to communicate original research and current issues on the subject. This journal warmly welcomes contributions from scholars of related disciplines.
Articles
25 Documents
<![CDATA[Rationale of Employee Turnover: An Analysis of Banking Sectors in Nepal ]]>
<![CDATA[Manoj Kumar Chaudhary]]>
<![CDATA[ Talaa : Journal of Islamic Finance Vol. 2 No. 1: June 2022 ]]>
Publisher : <![CDATA[Department of Sharia Financial Management IAIN Sultan Amai Gorontalo ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (436.612 KB)
|
DOI: 10.54045/talaa.v2i1.384
<![CDATA[The main purpose of this study is to elaborate the reasons of employee turnover in the banking sector of Nepal. The study has opted both primary and secondary source of data to achieve the objective of the study. The structured questionnaires were used to collect the data from the sample banks. Meanwhile, different published and unpublished reports of the selected banks were used for the analysis. The collected data are analyzed with the help of MS-excel, SPSS descriptive statistics. The finding of the study emphasized that employee tends to leave the current job due to the lack of proper environment and facilities provided by the banks. This study concludes that manager in sample banks to some extent lack awareness regarding to which job embeddedness predict employee turnover intentions. Hence, it is recommended to have a proper plan and policies with reference to the effective payment & reward schemes and motivational strategies to minimize the employees’ turnover.]]>
<![CDATA[Sensitivity of Stock Returns Volatility and Money Market Rates: Insight from Nigeria ]]>
<![CDATA[Stephen Friday Aleke]]>;
<![CDATA[Paul C. Obidike]]>;
<![CDATA[Frankline C. S. A. Okeke]]>;
<![CDATA[Sandra Ijeoma Echeonwu]]>;
<![CDATA[Kalu O. Emineke]]>
<![CDATA[ Talaa : Journal of Islamic Finance Vol. 2 No. 1: June 2022 ]]>
Publisher : <![CDATA[Department of Sharia Financial Management IAIN Sultan Amai Gorontalo ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (607.084 KB)
|
DOI: 10.54045/talaa.v2i1.385
<![CDATA[The study focused on how money market factors affected the stock returnfluctuations in the Nigerian setting. The study specifically looked at the impact of Treasury bill rates and monetary policy rates on the return fluctuations in Nigeria from2002 - 2016 over the study period. Financial econometrics study was performed using descriptive statistics, unit root test, heteroscedasticity, autocorrelation, GARCH (1.1), and GARCH-X (1.1) models. The series' stationarity was confirmed using the PP test and the Equally Augmented Dickey-Fuller (ADF) test. Additionally, a Benchmark GARCH (1.1) model was estimated to study the volatility. A diagnostic test was run using the Ljung-Box Q-Statistics to determine the robustness of the calculated GARCH model. The overall finding indicated that there was significant volatility clustering that was still present in the Nigerian exchange group, suggesting that it would take some time for the market's reaction to volatility shocks from the prior period to be completely eliminated. The study also discovered that changes in treasury bill rates and monetary policy rates significantly reduce the volatility of returns on the stock in Nigeria, supporting the idea that there is an inverse link between the value of money and the value of capital markets.]]>
<![CDATA[Prospects of Developing Islamic Financial Institutions in North Bolaang Mongondow Regency, Indonesia ]]>
<![CDATA[Fidyah Handayani Sabihi]]>;
<![CDATA[Tantri Suleman]]>
<![CDATA[ Talaa : Journal of Islamic Finance Vol. 2 No. 1: June 2022 ]]>
Publisher : <![CDATA[Department of Sharia Financial Management IAIN Sultan Amai Gorontalo ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (477.203 KB)
|
DOI: 10.54045/talaa.v2i1.436
<![CDATA[The objective of this research is to look into the future of Islamic financial institutions in North Bolaang Mongondow Regency, North Sulwesi Province, Indonesia. The research methods employed are qualitative in nature. The analysis is used to reduce the data, present the findings, generate conclusions, and validate them. The availability of human resources, opportunities, and the engagement of local governments all influence the development possibilities of Islamic finance. Human Resources (HR) are a consideration in North Bolaang Mongondow Regency. Human resources are an essential component of any company or institution. North Bolaang Mongondow Regency, is one among the regions with the potential to build Islamic Financial Institutions, given the following considerations: The population is predominantly Muslim, with strong government support for foreign investors. The government provides possibilities for any investor who wishes to create and build a business in North Bolaang Mongondow, and the local government is also willing to promote the development of the Islamic Financial Institution business.]]>
<![CDATA[Analysis of the Influence of BOPO, NIM and Inflation on the Profitability of Bank BRI Syariah in 2013-2020 ]]>
<![CDATA[Azhar Alam]]>;
<![CDATA[Eni Setyowati]]>;
<![CDATA[Aditama Chandra Wiguna]]>;
<![CDATA[Renaldi Sahrul Nizam]]>
<![CDATA[ Talaa : Journal of Islamic Finance Vol. 2 No. 1: June 2022 ]]>
Publisher : <![CDATA[Department of Sharia Financial Management IAIN Sultan Amai Gorontalo ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (683.247 KB)
|
DOI: 10.54045/talaa.v2i1.505
<![CDATA[This study analyzes factors affecting BRI Syariah Bank's profitability in Indonesia. This study sampled BRI Syariah Bank's 2013-2020 yearly financial statements that fit the study's requirements. Data for Bopo, Nim, Inflation, and Roa come from the official BRI Syariah bank and Bank Indonesia (BI) websites for 2013 – 2020. This study uses the ROA ratio as a metric of BRI Syariah Bank's profitability and BOPO, NIM, and Inflation as independent variables. This study uses the Ordinary Least Square (OLS) data analysis method to obtain a thorough picture of the relationship between variables using Eviews10 software. According to study, BOPO negatively affects ROA (Return on Assets). Operating Costs and Operating Income (BOPO) are less significant than required. The study shows that BOPO has a detrimental impact on ROA (Return on Assets). NIM and inflation study results had little impact on BRI Syariah Bank's ROA. This study reveals that Islamic banks are resilient to inflation and don't rely on profit margins. This study suggests Islamic banks reduce operating costs to boost profitability.]]>
<![CDATA[Prospects of Sharia Governance in Islamic Finance Industry: Jurisdictions, Standards, and Implications ]]>
<![CDATA[Athar Shahbaz Wani]]>;
<![CDATA[Showkat Hussain Dar]]>
<![CDATA[ Talaa : Journal of Islamic Finance Vol. 2 No. 1: June 2022 ]]>
Publisher : <![CDATA[Department of Sharia Financial Management IAIN Sultan Amai Gorontalo ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (565.151 KB)
|
DOI: 10.54045/talaa.v2i1.523
<![CDATA[The paper aims to explore the establishment, organizational setup, and relevance of the international regulatory/standard setting institutions as Sharī‘ah governance platforms primarily AAOIFI (Accounting and Auditing Organization for Islamic Finance Institutions) and IFSB (Islamic Financial Services Board). The role of IIFA (International Islamic Fiqh Academy Jeddah) IFC (Islamic Fiqh Council of Muslim World League MWL) and ISRA (International Sharī‘ah Research Academy for Islamic Finance) and supportive Shari ‘ah compliance platforms for Islamic Finance Industry (IFI) in the corporate and academic dimensions. The study is qualitative analysis of related Guiding Principles, which enshrine the Sharī‘ah governance framework (SGF) in IFI. The discussion highlights that the (SGF) is the particular aspect in the Islamic Finance Industry (IFI), which embodies the legitimacy of instruments, and generates the trust of stakeholders and shareholders in Islamic finance. The paper shows that analysis will support the understanding of Sharī‘ah governance and jurisdiction of the Islamic finance industry in the contemporary Banking and finance sector. The outcome of the predicted hypothesis will enable to suggest and modify the ongoing banking practices in Islamic corporate with strict adherence to the sharīa standards.]]>
<![CDATA[Sharia Compliance of Cryptocurrencies: Data-Driven Sharia Compliance Assessment ]]>
<![CDATA[Klemens Katterbauer]]>;
<![CDATA[Hassan Syed]]>;
<![CDATA[Laurent Cleenewerck]]>;
<![CDATA[Sema Genc]]>
<![CDATA[ Talaa : Journal of Islamic Finance Vol. 2 No. 2: December 2022 ]]>
Publisher : <![CDATA[Department of Sharia Financial Management IAIN Sultan Amai Gorontalo ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.54045/talaa.v2i2.691
<![CDATA[In recent years, a significant percentage of the population has engaged in the trade and use of cryptocurrencies, demonstrating the widespread interest in the field. The usefulness of cryptocurrencies as an option to fiat currency is one of the most pressing issues that arise. The fiat money system is primarily reliant on commercial banks, which require bank accounts to process individual payments. The legality of cryptocurrencies has been susceptible to subjective interpretation, and this research presents a new objective AI methodology for determining whether currencies comply with Sharia. The framework consists of an unsupervised BIRCH clustering method that allows for the grouping of volatilities and logarithmic returns based on a variety of periodic data. The approach gave a solid rationale for deciding automatically which cryptocurrency may not comply with Sharia law. The results indicate that, over longer time intervals, the volatility of various cryptocurrencies vary substantially. This permits the proper distinction between cryptocurrencies that comply with Sharia and those that do not. The methodology proposes an automated and data-driven method to objectively establish the Compliance with sharia of cryptocurrencies, enabling users to readily determine whether it is permitted to use such cryptocurrencies.]]>
<![CDATA[Restructuring Islamic Social Finance Ecosystem on Standardization of Waqf in Indonesia: Platform Digitized ]]>
<![CDATA[Siti Nur Aisyah]]>;
<![CDATA[Abdul Muiz]]>
<![CDATA[ Talaa : Journal of Islamic Finance Vol. 2 No. 2: December 2022 ]]>
Publisher : <![CDATA[Department of Sharia Financial Management IAIN Sultan Amai Gorontalo ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.54045/talaa.v2i2.697
<![CDATA[The emergence of waqf forum applications raises an issue that has to be immediately resolved, where the management of public funds requires sufficient transparency and the efficient access to it to continue to attract public attention. This study will discuss the extent to which digital actors manage waqf are in accordance with Waqf Core Principle (WCP). With the presence of WCP as part of the guide for the course of managerial principles, it should be the main consideration for every manager of this waqf platform. The availability of the information for each platform and website mentioned branding and the source of information. From the 29 cores of WCP and the 5 selected platforms; Dompet Dhuafa and Rumah Zakat have been approved and standardized by WCP. It does not mean that Global Zakat is not proper enough to be a waqf organization, it is only a matter of the lack of information provided by Global Wakaf. For Kitabisa and Ammana, they do not need to be standardized by BWI or WCP as they are intermediaries’ platforms instead of waqf platforms. The growing number of Cash Waqf will ultimately improve financial inclusion in Indonesia as one of the government’s goals.]]>
<![CDATA[Trend of Gross Domestic Product and Per Capita Income of Bangladesh: Past, Present, and Future ]]>
<![CDATA[V. T. Vasagan]]>
<![CDATA[ Talaa : Journal of Islamic Finance Vol. 2 No. 2: December 2022 ]]>
Publisher : <![CDATA[Department of Sharia Financial Management IAIN Sultan Amai Gorontalo ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.54045/talaa.v2i2.698
<![CDATA[Bangladesh's per capita income was half of that of India in 2007. Today, it has surpassed India. The Asian Development Bank has estimated that Bangladesh's GDP will grow at a rate of 6.6% hereafter. According to the 2022 Economic Freedom Index, Bangladesh's economy placed in the 137th position with a score of 52.7 in the World. In the Asia-Pacific region, Bangladesh ranked 29th position out of 39 countries. The resilience of COVID-19 impinged the average growth of the economy. International Monetary Fund (IMF) has envisaged that the World may experience a challenging recession-like situation in 2023. Hence, the present paper attempts to predict the economic condition of Bangladesh through its GDP and Per Capita Income. The study considers 51 years of GDP and Per Capita Income growth data. It has adapted the Trend Projection Method, a linear regression technique, and the Least Square method to analyze data to get the future trend. It has been found that GDP was grown at an average rate of 4.4% and Per capita income at an average rate of 1.8% since 1971. The study reveals that GDP and Per Capita Income may grow at 7% and above hereafter. Hence, appropriate strategies and economic policies of the Government of Bangladesh create a defendable position that safeguards the country's economic condition.]]>
<![CDATA[Analysis of Sharia Economic Law on Vehicle Pawning in PT. Pegadaian (Persero) Cabang Bima, Nusa Tenggara Barat, Indonesia ]]>
<![CDATA[Amrin Amrin]]>;
<![CDATA[Adi Priyono]]>;
<![CDATA[Nailis Shofita]]>
<![CDATA[ Talaa : Journal of Islamic Finance Vol. 2 No. 2: December 2022 ]]>
Publisher : <![CDATA[Department of Sharia Financial Management IAIN Sultan Amai Gorontalo ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.54045/talaa.v2i2.699
<![CDATA[This study aimed to examine the concept and system of vehicle pawning with a review of Sharia economic law. The research used descriptive qualitative with the type of field research at the Pawnshop Branch Office of the City of Bima, West Nusa Tenggara Province. While the data collection techniques were interviews, observations and documentation with data analysis using data reduction, data presentation and conclusion. The results show that, first, the practice of vehicle pawning financing products at the Bima City Pawnshop is relatively easy and practical. The view of Islamic law on vehicle pawning practices at the Bima City Pawnshop is considered to be by Sharia principles because it does not contain 3 elements that are prohibited in the practice of vehicle pawning. Such as Gharar, Maysir, and Sury. Because the suitability of the application for pawning vehicles at the Bima City Branch can be seen in three things, namely the pillars, the legal requirements for the pawn, the costs and the mechanism for the settlement of collateral goods. And the practice of pawning vehicles at the Bima City Pawnshop is governed by the Fatwa of the National Sharia Council No.26/DSN-MUI/III/2002 concerning Rahn Emas or similar items such as Vehicles.]]>
<![CDATA[The Influence of Price and Quality of Telkomsel Internet Package Products on Reseller Outlet Loyalty in Islamic Economic Perspective ]]>
<![CDATA[Kurniasih Setyagustina]]>;
<![CDATA[Reni Wulansari]]>;
<![CDATA[Salahuddin Salahuddin]]>;
<![CDATA[Sauri Sauri]]>;
<![CDATA[Rina Nurarifah]]>
<![CDATA[ Talaa : Journal of Islamic Finance Vol. 2 No. 2: December 2022 ]]>
Publisher : <![CDATA[Department of Sharia Financial Management IAIN Sultan Amai Gorontalo ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.54045/talaa.v2i2.705
<![CDATA[This research is motivated by the case of Telkomsel internet package product competition which is still quite high, where many competitors, both retail players and big players from outside the region enter the Merangin zone area. This study uses quantitative method. Data was collected through a questionnaire which was distributed to 85 respondents at reseller outlets who shopped for Telkomsel products at Telkomsel TAP Merangin. The analysis was carried out by processing data using SPSS 26.0 for windows, then proceeded with validity, reliability, classical assumption tests, multiple linear regression analysis and hypothesis testing using t-test and f-test. The results of the study obtained that the price and quality of Telkomsel internet package products had an effect on resellers’ outlet loyalty, in which there was a simultaneous influence between price and product quality on customers’ loyalty. In the perspective of Islamic economy, price and product quality will have a significant effect on customers’ loyalty, with ethical pricing based on good product quality so that it shows honesty that can increase customers’ trust and they will not be deceived so that their confidence becomes more stable because their rights are protected.]]>
