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Research of Islamic Economics (RIE)
Published by Santoso Academy Network
ISSN : 30254418     EISSN : 29887739     DOI : https://doi.org/10.58777/rie
Core Subject : Economy,
Economics, Econometrics & Finance
he Research of Islamic Economics (RIE) journal publishes theoretical and empirical research articles, review papers, and case studies on all major Islamic Economics and business topics. The Journals mission is to offer a forum for the growing scholarly research on Islamic financial institutions and the Sharia money and capital markets in which they operate. The Journal emphasizes theoretical advancements and their application and empirical, practical, and policy-oriented research in other local and international Islamic banking, financial institutions, and markets. The RIE examines various decisions, processes, and activities within Islamic finance, banking, policy, philanthropy, and technology. The RIE is published for executives, researchers, and scholars alike, and the journal aids the application of empirical research to practical situations and theoretical findings to the reality of the real business world.The Journals goal is to promote communication and collaboration between and among academic and other research groups, as well as policymakers and operational decision-makers at private and public institutions, national and global, and their regulators.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekomomi dan Ekonometrika
Articles 10 Documents
 1 
Philosophical Perspective of Islamic Economics: A Critical Approach to Capitalism and Materialism in the Context of Modernity Muhammad Syahrul Hidayat
Research of Islamic Economics Vol. 1 No. 1 (2023): JULY 2023
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rie.v1i1.63

Abstract

This study delves into the philosophical viewpoint of Islamic economics concerning capitalism and materialism within the context of modernity. It examines essential aspects like ownership, wealth distribution, and consumption from an Islamic economic perspective and employs a critical approach to analyze the interactions among capitalism, materialism, and modernity. The research adopts a qualitative analytical method, drawing insights from relevant literature and prior studies in the field. The collected data is scrutinized through the lens of Islamic economic principles and relevant philosophical perspectives. The results highlight how the philosophical standpoint of Islamic economics provides an alternative perspective on addressing capitalism and materialism in contemporary times. Islamic economic thought emphasizes principles of social justice, wealth redistribution, and consumption limitations as integral components. The study underscores the significance of integrating moral and ethical values into economic practices to achieve social and spiritual sustainability. By offering insights into the critique of capitalism and materialism from an Islamic economic standpoint, the research encourages further discussions on more sustainable and equitable economic alternatives.
The effect of Knowledge Management, Entrepreneurial Orientation, Transformational Leadership, and Management Control System on Learning Organization Jauhara; Muhammad Ramaditya
Research of Islamic Economics Vol. 1 No. 1 (2023): JULY 2023
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rie.v1i1.71

Abstract

This study investigates the strategy for developing an organizational learning culture at PT Bank Syariah Indonesia Branch Office Jakarta Bendungan Hilir. It employs four independent variables, namely knowledge management, entrepreneurial orientation, transformational leadership, and control management systems, with organizational learning as the dependent variable. The survey method is used, and data is collected through a questionnaire administered to all employees, with a sample of 71 respondents analyzed using SPSS 25. The findings indicate that knowledge management, entrepreneurial orientation, transformational leadership, and control management systems do not directly impact organizational learning. However, when considered collectively, these factors significantly influence the formation of an organization's learning culture, accounting for 71.9% of the variance. This study examines the collective impact of knowledge management, entrepreneurial orientation, transformational leadership, and control management systems on developing an organizational learning culture. The findings provide organizations with valuable insights to make informed decisions that enhance learning capabilities and cultivate a culture prioritizing continuous learning and improvement. Recognizing the significance of these factors enables organizations to shape their practices and policies, fostering a strong learning environment, facilitating knowledge sharing, and driving innovation.
Performance Comparative Analysis of Sharia Mutual Funds and Conventional Mutual Funds Nursanita; Willy Yani Pratiwi
Research of Islamic Economics Vol. 1 No. 1 (2023): JULY 2023
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rie.v1i1.72

Abstract

This study aims to compare the performance assessment of Islamic and conventional mutual funds for 2017-2021. This study uses quantitative research, which analyzed the performance of Islamic and conventional mutual funds for 2017-2021. This study relies on secondary data collected from the official website of the Financial Services Authority (OJK). The research compares the performance of Islamic stock mutual funds, mixed mutual funds (comprising both Islamic and conventional funds), and mixed conventional mutual funds using the Sharpe, Treynor, and Jensen methods. Among these methods, the Sharpe method stands out as providing a superior performance evaluation compared to Treynor and Jensen. Both Islamic and conventional stock mutual funds receive a positive assessment, deemed as "good." However, in the case of mixed sharia mutual funds and conventional mutual funds, the former is considered to have a better assessment due to its perceived safety, offering a more secure alternative compared to conventional mutual funds, which carry higher risk.
The Effect of Exchange Rate, Money Supply, Inflation, and BI-7DRR on Net Asset Value of Sharia Mutual Funds Ulfatus Sholeha; Penny Rahmah Fadhlillah
Research of Islamic Economics Vol. 1 No. 1 (2023): JULY 2023
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rie.v1i1.73

Abstract

This research aims to examine the individual and combined impacts of the Rupiah Exchange Rate (Exchange Rate), Money Supply, Inflation, and BI 7DRR on the Net Asset Value (NAV) of Sharia Mutual Funds. The study employs a quantitative approach using secondary data, with a sample size of 60 NAV data points from Islamic Mutual Funds recorded monthly between January 2016 and December 2020. The Error Correction Model (ECM) Engel-Grange is utilized as the analytical method. The findings indicate that, on a partial basis, the Exchange Rate and BI 7DRR variables do not have a significant influence on the NAV of Sharia Mutual Funds. However, the Money Supply and Inflation variables demonstrate a positive and significant impact on the NAV of these funds. Moreover, when considered together, the Exchange Rate, Money Supply, Inflation, and BI 7DRR variables jointly exhibit a significant effect on the NAV of Sharia Mutual Funds. As a result, it is suggested that the government should create a secure and profitable environment for Sharia mutual funds to foster continuous growth. An evident sign of the expansion of Islamic mutual funds is the increasing number of units offered to investors in the community.
Factors Affect the Disclosure of Islamic Social Reporting at Sharia Commercial Banks Hana Fauziah; Yuke Rahmawati
Research of Islamic Economics Vol. 1 No. 1 (2023): JULY 2023
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rie.v1i1.75

Abstract

Today the credit of the sharia bank is based on its social activity, which impacts its economic activities. The study analyzes factors that affect Islamic social inequality in the sharia bank at IDX. The research uses the secondary data of the annual report with a sample of 4 buses going public in 2018-2020. A non-sampling sample with a saturated sample type uses the sample retrieval technique. The data analysis method used is the regression test panel using the Eviews software 10. The results of this study indicate that good corporate governance and exposure variables do not significantly affect Islamic Social Reporting (ISR), with variable corporate size affecting Islamic Social Reporting (ISR). In comparison, there is simultaneously no influence between affirmative governance variables, exposure media, and the firm's size On Islamic Social Reporting (ISR). The implications of this research are expected to be able to provide theoretical contributions related to the disclosure of Islamic social responsibility. They are useful in providing input for policymakers and regulators on the Indonesia Stock Exchange.
Role of Consumer Satisfaction as a Mediating of Effect Halal Labels, Brand Image, and Price on Purchasing Decisions Ryan Farhan Abelmar; Amin Mansur; Karimullah Karimullah; Nazma Riska Zhafiraah
Research of Islamic Economics Vol. 1 No. 2 (2024): JANUARY 2024
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rie.v1i2.171

Abstract

Consumers make judgments about what to buy by looking for, offering, assessing, and spending money on goods and services that they believe will meet their requirements. Purchasing decisions are to buy the brand they like from various available alternatives. Currently, business competition is very tight, especially in companies that produce products. Price perception is very important. The purpose of this study is to determine how price, brand perception, and halal labelling affect consumers' decisions to buy. consumer satisfaction as a mediating factor of Wardah cosmetic products. Research is designed as explanatory research. The study population was people who wore and had used cosmetics from Wardah, with 100 responders serving as the sample. The Partial Least Squared Structural Equation Modeling Method was used to gather data. The findings demonstrated that factors that mediated consumer pleasure in purchasing decisions were not halal labeling, brand image, or price. Purchase decisions are positively and significantly impacted by consumer satisfaction. Purchaser satisfaction can be a mediator that influences pricing for purchasing decisions, but kosher labels and brand image are not significant. Managerial implications of marketing and branding strategies such as halal label management, brand image development, and pricing strategies such as competitive pricing.
Do Consumer Lifestyle, Halal Labels, and Prices affect Purchasing Decisions? Desya Delia; Rini Hidayati; Siti Marhamah; Nazma Riska Zhafiraah
Research of Islamic Economics Vol. 1 No. 2 (2024): JANUARY 2024
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rie.v1i2.172

Abstract

Lifestyles are increasingly modern, and the needs of consumers past and present are clearly different according to the lifestyle adopted by consumers. Currently, consumers follow developments in trends in all aspects of needs ranging from primary needs to secondary needs in accordance with the lifestyle they adopt, namely the halal lifestyle. This research aims to determine the influence of lifestyle, halal labels, and price on the purchasing decisions of Emina cosmetic products. The sampling technique used was Purposive Sampling. The number of respondents in this study was 100 respondents. Data collection was carried out using the Judgment Sampling method with a questionnaire instrument. The data analysis method used is multiple regression analysis, t-test (partial) coefficient of determination. The research results show that: 1) lifestyle has a positive and significant effect on purchasing decisions. 2) the halal label does not influence purchasing decisions. 3) price does not affect purchasing decisions. A managerial implication that may be relevant is lifestyle management. The company can conduct in-depth market research to understand the lifestyle of its target consumers and determine prices and a pricing strategy that suits the Emina cosmetics market segment, including considering consumer price sensitivity.
The Effect of Macro-indicators and Profit Sharing on Mudharabah Deposits: Evidence from Indonesia Sela Stalia; Uun Sunarsih; Maya Mustika; Preztika Ayu Ardheta
Research of Islamic Economics Vol. 1 No. 2 (2024): JANUARY 2024
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rie.v1i2.173

Abstract

This research seeks to ascertain how interest rates, GDP, and profit-sharing relate to mudharabah savings in Islamic commercial banks. This study employs a quantitative research design and measures its findings using a panel data regression approach. Sharia commercial banks that registered with the Financial Services Authority (OJK) between 2016 and 2020 make up the research population. There were 180 observations in total in this study because the sample was chosen using the purposive sampling method and included a total of nine Sharia commercial banks. This study employed secondary data, specifically quarterly financial reports. The study's findings demonstrate that mudharabah deposits benefit from interest rates. Mudharabah benefits from the amount of profit sharing. deposits. Mudharabah deposits are positively impacted by the GDP. It is well recognized that the amount of mudharabah savings is influenced by GDP, a measure of people's income. The managerial ramifications of how GDP, profit-sharing, and interest rates affect mudharabah deposits can be very significant in a financial context. Interest rates, income uncertainty, and risk management minutes. Profit sharing, compliance with Sharia principles, and product development and portfolio management.
Shariah Bank Fundamental, Maqashid and Financial Sustainability: Unraveling the Dynamics Dego Wiyawan; Hendrawati Hendrawati; Agustian Burda; Merliyana Merliyana; Asep Saefurahman
Research of Islamic Economics Vol. 1 No. 2 (2024): JANUARY 2024
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rie.v1i2.174

Abstract

The purpose of this study is to ascertain how the Financial Sustainability Ratio in Indonesian Sharia Commercial Banks is impacted by Return on Assets, Firm Size, Capital Adequacy Ratio, and Maqashid Syariah. This study employs a quantitative method along with a causal research technique. This study makes use of financial report data from 15 Sharia Commercial Banks as its population. Fifteen Indonesian Sharia Commercial Banks were the sample used for the 2017–2022 research period. The Panel Data Regression Analysis approach is used in this study. This research uses a population of 15 Sharia Commercial Banks using financial report data. The sample used was 15 Sharia Commercial Banks in Indonesia, which served as research subjects from 2017 to 2022. The Panel Data Regression Analysis approach is used in this study. Based on the findings and discussion, it is evident that the Financial Sustainability Ratio of Indonesia's Sharia Commercial Banks is significantly influenced by Return on Assets, not significantly influenced by Maqashid Syariah, significantly impacted by Firm Size, and significantly impacted by Capital Adequacy Ratio (CAR). Managerial implications include efforts to strengthen financial practices based on Sharia payment principles, considering asset returns, Sharia mashed, company size, and capital adequacy ratios.
Comparing Mortgage Financing Marketing Strategies: Conventional Bank vs Sharia Bank Nur Elisa; Rafika Rahmawati; Purnama Putra
Research of Islamic Economics Vol. 1 No. 2 (2024): JANUARY 2024
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rie.v1i2.177

Abstract

The increasingly diverse needs of society have made financing the most popular banking service product. KPR products certainly require a marketing strategy. One of the interesting products offered by BRI Syariah Tambun Sub-Branch Office (KCP) is the Home Ownership Financing/Mortgage (KPR) product. This research aims to determine the marketing strategy for Mortgage Financing (KPR) between two banks, namely Conventional Banks and Sharia Banks at Bank BRI KCP Tambun and BRISyariah KCP Tambun. The data sources used are primary and secondary. Data collection was carried out using interview and documentation techniques. The results of this research show that KPR products at Bank BRI and BRI Syariah, in their implementation, apply similar marketing strategies. At Bank BRI, in implementing its marketing strategy, it takes a conventional approach by referring to the strategy of providing interest and using a credit approach with low interest; it places more emphasis on KPR marketing strategies, which tend to prioritize Islamic principles. Managerial implications emerge from the comparative analysis, shedding light on the strengths and weaknesses of each approach.

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