International Journal of Islamic Business and Economics
International Journal of Islamic Business and Economics (IJIBEC) is a peer-reviewed economic journal serving as a forum for Islamic Business Economics Scholars concerning to area of Islamic Accounting, Banking, Economics, Entrepreneurship, Finance, Human Resources Management, and Management. This open accessed Journal publishes original research and review papers twice a year (on June and December). This journal encompasses original research articles including: 1. Islamic Banking and Financial Institution 2. Islamic Behavioral Economics 3. Islamic Development Economics 4. Islamic Environmental Economics 5. Islamic International Economics 6. Islamic Accounting 7. Islamic Bussiness and Entrepreneurship 8. Islamic Human Resources Management 9. Islamic Monetary Economics 10. Islamic Public Finance 11. Islamic Political Economy 12. Islamic Bussiness Management 13. Islamic Urban and Rural Economics
Articles
109 Documents
<![CDATA[The Future of The Profession of Accountant Sharia Enter MEA In 2017 ]]>
<![CDATA[Agus Arwani]]>
<![CDATA[ International Journal of Islamic Business and Economics (IJIBEC) Vol. 1 No. 1 (2017): IJIBEC VOLUME 1 NO. 1 JUNE 2017 ]]>
Publisher : <![CDATA[Faculty of Islamic Economics and Business of UIN K.H. Abdurrahman Wahid Pekalongan ]]>
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DOI: 10.28918/ijibec.v1i1.777
<![CDATA[Accountants are the actors who contribute to the establishment and implementation of accounting as a structure. On the other hand the consequences of the application of modern accounting shows the impact of a less than satisfactory. Facts show the number of accounting manipulation scandal that hit the company's financial statements and the low awareness of their social responsibility and the environment implies that very large changes in accounting principals. Accounting reality is part of how accountants take on the role. Deviations reality always brings accountants as party central is how actors and structures form mutually met. Habitus actor '' greedy '' met with accounting (capitalism) as a structure that legitimize it. In reality accountant (agent) looks so lost in the shackles of capitalism, so the agency theory in the form of a conflict of interest, it seems to shift the basis of mutual symbiosis between the interests of management and accountants. Accountants must be returned khittah her as a sovereign profession, he is an ideologue as Rausyan Fikr. All forms of deep-an accountant in worship, glorify the '' number '' in the sense of making all tasks as tasks (treatises) '' prophetic '' to map the right stakeholders fairly and correctly. This can only take place within the frame sovereign and raise awareness of the Godhead (fervently) to put God at the summit toward accountability. Readiness accountant sharia in entering the MEA in 2017 with preparing the capabilities and expertise of sharia-based accounting standards IFRS, Accounting Sharia must understand the risks of sharia, sharia accounting should be standardized SDI International, science and technology capabilities accountant sharia be reliable.]]>
<![CDATA[Perceptions and Reconstruction of Customers Trust of Baitul Maal wa Tamwil (BMT) in Pekalongan ]]>
<![CDATA[Kuat Ismanto]]>;
<![CDATA[Mohammad Nasrullah]]>;
<![CDATA[Nalim Nalim]]>
<![CDATA[ International Journal of Islamic Business and Economics (IJIBEC) Vol. 1 No. 1 (2017): IJIBEC VOLUME 1 NO. 1 JUNE 2017 ]]>
Publisher : <![CDATA[Faculty of Islamic Economics and Business of UIN K.H. Abdurrahman Wahid Pekalongan ]]>
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DOI: 10.28918/ijibec.v1i1.881
<![CDATA[This study is aimed at investigating peoples perceptions of Baitul Maal wa Tamwil (BMT). Since its first existence, BMT has operated with full of both positive and negative dynamics. Negative perceptions and stigma are adhered to this kind of microfinance institution. Therefore, this present study is also conducted to explain well-established steps in eliminating those perceptions. For BMT, peoples trust constitutes the foremost asset to exist, particularly in the process of collecting savings from customers. This research employed a qualitative-field approach by using observation, interview, and documentation. The results of this study reveal that based on the peoples negative stigma, BMT was considered resembling a conventional financial institution applying the principle of profit sharing, in which the customers pay more. Several steps to eliminate these perceptions coped with socializing groups of people, promoting baitul maal with soft loans, carrying out a door-to-door marketing strategy, and empowering the roles of Sharia Supervisory Board (DPS).]]>
<![CDATA[Data Attribute Selection with Information Gain to Improve Credit Approval Classification Performance using K-Nearest Neighbor Algorithm ]]>
<![CDATA[Ivandari Ivandari]]>;
<![CDATA[Tria Titiani Chasanah]]>;
<![CDATA[Sattriedi Wahyu Binabar]]>;
<![CDATA[M. Adib Al Karomi]]>
<![CDATA[ International Journal of Islamic Business and Economics (IJIBEC) Vol. 1 No. 1 (2017): IJIBEC VOLUME 1 NO. 1 JUNE 2017 ]]>
Publisher : <![CDATA[Faculty of Islamic Economics and Business of UIN K.H. Abdurrahman Wahid Pekalongan ]]>
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DOI: 10.28918/ijibec.v1i1.882
<![CDATA[Credit is one of the modern economic behaviors. In practice, credit can be either borrowing a certain amount of money or purchasing goods with a gradual payment process and within an agreed timeframe. Economic conditions that are less supportive and high community needs make people choose to buy goods with this credit process. Unfortunately the high needs sometimes are not in line with the ability to make payments in accordance with the initial agreement. Such condition causes the payment process to be disrupted or also called the term “bad creditâ€. This research uses public data of credit card dataset from UCI repository and private data that is dataset of credit approval from local banking. The information gain algorithm is used to calculate the weights of each of the attributes. From the calculation results note that all attributes have different weights. This study resulted in the conclusion that not all data attributes influence the classification result. Suppose attribute A1 to UCI dataset as well as loan type attribute on local dataset that has information gain weight 0 (zero). The result of classification using K-Nearest Neighbors algorithm shows that there is an increase of 7.53% for UCI dataset and 3.26% for local dataset after feature selection on both datasets.]]>
<![CDATA[The Relation Between Price, Product Quality, and Image of A Batik Brand Toward Customer Satisfaction ]]>
<![CDATA[Tamamudin Tamamudin]]>
<![CDATA[ International Journal of Islamic Business and Economics (IJIBEC) Vol. 1 No. 1 (2017): IJIBEC VOLUME 1 NO. 1 JUNE 2017 ]]>
Publisher : <![CDATA[Faculty of Islamic Economics and Business of UIN K.H. Abdurrahman Wahid Pekalongan ]]>
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DOI: 10.28918/ijibec.v1i1.883
<![CDATA[This study reviews whether there is a relation between price, product quality, and image of a batik brand toward customer satisfaction. This study uses quantitative research. The method that is used in collecting primary data is random sampling method. There are a hundred (100) responders as the sample of this study. The data in this study is obtained from questionnaire (primary), several observations, and direct interview with the party who is related to customer criteria that comes to buy Batik Tamina between July and September 2016. The analysis technique of this study is multiple regression analysis and the hypothesis test of this study is partial T-test and simultaneous F-test with less than 5% (0.05) of significance level, and Coefficient Determination Test (R2). The result of this study shows that price (X1) has a relation to customer satisfaction (Y) with 0.046<0.05 of significance level. Product quality (X2) has no significant relation to customer satisfaction (Y) with 0.138>0.05 of significance level. Partially, a brand’s image (X3) has a significant relation to customer satisfaction (Y) with 0.00>0.05 of significance level. The amount of the relation between price (X1), product quality variables (X2), and brand’s image variables (X3) toward the customer satisfaction variables (Y) is 40.5% while the rest (59.5) are explained by other factors that are not mentioned in this study.]]>
<![CDATA[Determinants of Intellectual Capital Performance (Empirical Study: Indonesian Syariah Bank 2010-2015) ]]>
<![CDATA[Karimatul Hidayah]]>;
<![CDATA[Ade Adityawarman]]>
<![CDATA[ International Journal of Islamic Business and Economics (IJIBEC) Vol. 1 No. 1 (2017): IJIBEC VOLUME 1 NO. 1 JUNE 2017 ]]>
Publisher : <![CDATA[Faculty of Islamic Economics and Business of UIN K.H. Abdurrahman Wahid Pekalongan ]]>
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DOI: 10.28918/ijibec.v1i1.895
<![CDATA[The purpose of this research is to examine the determinants of Intellectual Capital performance in Indonesia's syariah banks over the period 2010-2015. Multiple regression analysis is used to test the relationship between the independent variable and the dependent variable intellectual capital performance. The value added intellectual capital (VAIC) developed by public is used to measure the intellectual capital performance in Indonesia's syariah banks. Results indicate that market concentration level as the independent variable has a positive and significant relationship with the intellectual capital performance. The other independent variable, bank profitability and bank risk, has a negative influence to the intellectual capital performance. Meanwhile, barriers to entry in the corporate sector, bank size, and bank size are not significantly influencing the intellectual capital performance. There are several measurements of intellectual capital performance such as Pulic (VAIC), VAIC modification by Ulum (M-VAIC), or Tobin-Q. Those methods difference lower the research validity. This research may give information related to the determinants of intellectual capital performance for syariah banks in order to take it as the consideration in making operational decision. This research is the first research that tests the determinants of intellectual capital performance in Indonesia's syariah banks over the period 2010-2015.]]>
<![CDATA[Protecting Batik Customers and the Existence of Pekalongan Original Batik by Augmented Reality Technology Based on Cloud Computingin Batik Label ]]>
<![CDATA[Paminto Agung Christianto]]>;
<![CDATA[Eko Budi Susanto]]>;
<![CDATA[Ichwan Kurniawan]]>
<![CDATA[ International Journal of Islamic Business and Economics (IJIBEC) Vol. 1 No. 1 (2017): IJIBEC VOLUME 1 NO. 1 JUNE 2017 ]]>
Publisher : <![CDATA[Faculty of Islamic Economics and Business of UIN K.H. Abdurrahman Wahid Pekalongan ]]>
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DOI: 10.28918/ijibec.v1i1.896
<![CDATA[The wrong assumption stating batik printed textilebatik issimilar withoriginal batik bears a loss for batik producers, because customers tend to buy printed textilewhich are cheaper than originalones (“tulisâ€, “cap†or “combination†batik). The misperception used by some batik enterpreneurs who mentioned that products he sold arekinds of original batik, although theyare printed textile. It disrupts the existence of Pekalongan traditional batikas well andmany customers experience losses. This research is an effort to support Indonesian government in maintaining batik as an Indonesian cultural heritage, and Pekalongan city government in maintaining the existence of "World's city of Batik" byissuing Regional Regulation No. 6 of 2014 Pekalongan about the use of Pekalongan batik label. Through the use of augmented reality technologybased on cloud computing, it will create a "Batik Pekalongan" label which provides information about the authenticity of Pekalongan batik products through smartphones access, and convenience for Pekalongan city government or Pekalongan ASEPHI in supervising the use of the label. Therefore, it will not be misused by unscrupulous batik entrpreneurs.]]>
<![CDATA[Altruism Models In Islamic Consumption System ]]>
<![CDATA[Muhammad Muflih]]>
<![CDATA[ International Journal of Islamic Business and Economics (IJIBEC) Vol. 1 No. 2 (2017): IJIBEC VOLUME 1 NO. 2 DECEMBER 2017 ]]>
Publisher : <![CDATA[Faculty of Islamic Economics and Business of UIN K.H. Abdurrahman Wahid Pekalongan ]]>
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DOI: 10.28918/ijibec.v1i2.995
<![CDATA[This study succeeded in proving that altruism is an inseparable element in the Islamic consumption system because it is able to lead a consumer to the best level of godliness. Just by assuming that , the formation of satisfaction in Islamic altruism cannot be determined by one stage. It is plotted into three stages, namely: (1) compassion utility originating from the spirit of social emotion, enabling it to create as an emblem of emotional satisfaction; (2) rationalizing social-spiritual gain originating from a motivation to reach a religiously promised reward for a sacrifice made by a consumer for the poor and needy, resulting in as an indicator of a consumer’s gains; and (3) God and human relationship originating from the spirit of a consumer to always be close to God absent of reward, symbolized by . What is unique is the three forms of altruism have a one direction altruism pattern unknown to among economists and altruists. This finding is especially contributes to the Islamic Philanthropic Institution in identifying a class of altruism in Muslims. Evidently, their altruism pattern is closely attached to their consumption system.]]>
<![CDATA[The Contribution of Nusantara Moslem Local Tradition on Micro Finance Risk Management in Indonesia: (Case Study in Bondowoso Rural’s Banking) ]]>
<![CDATA[Nur Hidayat]]>
<![CDATA[ International Journal of Islamic Business and Economics (IJIBEC) Vol. 1 No. 2 (2017): IJIBEC VOLUME 1 NO. 2 DECEMBER 2017 ]]>
Publisher : <![CDATA[Faculty of Islamic Economics and Business of UIN K.H. Abdurrahman Wahid Pekalongan ]]>
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DOI: 10.28918/ijibec.v1i2.996
<![CDATA[The aim of the study is to explore the local tradition in Bondowoso Pendhalungan society which bases consideration in the risk management of the micro finance sector in Bondowoso. The method of this study was qualitative research used grounded method. We collected data through participatory observation for 3 years from 2013 until early 2016, semi-structured interviews and literature studies. The results showed the gap that the banks early warning sign (EWS) only considered the financial aspects, the non-financial aspect and transaction aspect, not concerning the cultural aspects. Based on the results of the research, it was found that financial performance in the form of loans, deposits and credit quality (non-performing loans) were affected by the implementation of local cultural tradition. From the results of the study, researchers gave suggestions for banking in Bondowoso and in Indonesia to consider aspects of the local culture or local wisdom as the basis of consideration of banking operations strategies in each region in Indonesia.]]>
<![CDATA[Strong Correlations of Sharia Market To Conventional Market: Evidence From Indonesia Stock Exchange ]]>
<![CDATA[Yadi Nurhayadi]]>;
<![CDATA[Nuryadi Wijiharjono]]>
<![CDATA[ International Journal of Islamic Business and Economics (IJIBEC) Vol. 1 No. 2 (2017): IJIBEC VOLUME 1 NO. 2 DECEMBER 2017 ]]>
Publisher : <![CDATA[Faculty of Islamic Economics and Business of UIN K.H. Abdurrahman Wahid Pekalongan ]]>
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DOI: 10.28918/ijibec.v1i2.1003
<![CDATA[Significant differences between Islamic Economic System and Conventional Economic System should generate differences between sharia market and conventional market. Conventional market clearly is influenced by interest rate and speculation that is normal in Conventional Economic System. But, interest rate and speculation are prohibited in Islamic Economic System. Sharia market should be free of interest rate and speculation. In fact, by bivariate and multivariate analysis, financial market indicates that there are strong correlations between sharia market and conventional market. This fact is based on research on Indonesia Stock Exchange data from December 2006 to November 2016 (ten years). Sharia market is represented by Jakarta Islamic Index (JII) and Indonesia Sharia Stock Index (ISSI). Both of them have strong and positive correlation with Jakarta Stock Exchange (JSX) Composite Index or with Jakarta Stock Exchange Liquid (LQ45) Index. Jakarta Composite Index and LQ45 are classified as conventional market. These conditions indicate that sharia market goes together with conventional market in the same character. Is sharia market inconsistent with its sharia principles? Why sharia market is not running on the track?]]>
<![CDATA[Identifying Financial Exclusion and Islamic Microfinance as An Alternative to Enhance Financial Inclusion ]]>
<![CDATA[Hartomi Maulana]]>;
<![CDATA[Khoirul Umam]]>
<![CDATA[ International Journal of Islamic Business and Economics (IJIBEC) Vol. 1 No. 2 (2017): IJIBEC VOLUME 1 NO. 2 DECEMBER 2017 ]]>
Publisher : <![CDATA[Faculty of Islamic Economics and Business of UIN K.H. Abdurrahman Wahid Pekalongan ]]>
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DOI: 10.28918/ijibec.v1i2.1004
<![CDATA[Even though the banking industry is growing exponentially, but they are still out of reach from the hardcore poor. The population under poverty remains financially excluded from the mainstream banking facilities. The aim of this paper is to examine the main factors that hinder customers to access financing from mainstream banking in Indonesia province of East Java using Exploratory Factor Analysis (EFA). The study also attempts to identify the possibility of Islamic microfinance, in this case Baitul Maal Tamwil, (BMT) as role of model in integrating commercial and social seeking which can be used as one of an alternative platform to enhance financial inclusion. In quantitative data, the paper employs primary data collected by self-administered questionnaires involving a sample of 243 respondents. To explore the micro-entrepreneurs’ criteria of barrier access to finance, an exploratory factor analysis is employed. In qualitative data, a semi-structure interview used to generate information from the respondents. The interview covers the second objectives and involves seven experts in microfinance including practitioner and academicians. The study reveals that, the religious factor is perceived as the most important factor to be considered as financing barriers factors, then followed by affordability, accessibility, eligibility, and availability factors. The study indicates that Islamic microfinance may be an alternative platform to integrate commercial and social objective in order to enhance financial inclusion.]]>
