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Tazkia Islamic Finance and Business Review
Tazkia Islamic Finance and Business Review (TIFBR) is a peer-reviewed journal published by the Institute for Research and Community Empowerment (IRCE), Tazkia University College of Islamic Economics in collaboration with Association of Islamic Economics Lecturers (ADESY). The Journal is semi-annual journal issued in July and December. The aim of the journal is to disseminate Islamic Economics, finance and business researches done by researchers both from Indonesia and overseas.
Articles by issue : Vol 11, No 2 (2017)
8
Articles
Halal Purchase Intention on Processed Food

Nurhasanah, Saniatun ( STEI Tazkia ) , Hariyani, Happy Febrina ( University of Muhammadiyah Malang )

Tazkia Islamic Finance and Business Review Vol 11, No 2 (2017)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

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Abstract

The objective of this study is to investigate the factors affecting customers on purchasing halal purchase intention on processed food. A purposive sampling method with 193 respondents and the data analysis is done by SEM-PLS method. The results show that halal awareness, health reason, and perceived value have a significant and positive direct effect on purchasing intention. Halal marketing also shows a significant and positive effect on purchasing intention. The food safety, halal certification, brand image, and perceived quality show the same effect which has no direct effect on purchasing intention. Furthermore, Food safety has an indirect effect on purchasing intention through health reason. Halal certification has an indirect effect on purchase intention through brand image variable. Meanwhile, brand image and perceived quality have an indirect effect through perceived value variable on purchasing intention.

CSR in Islamic Financial Institution : A Literature Review

Trianaputri, Anisa Ramadhini ( Universitas Indonesia ) , Siswantoro, Dodik ( Universitas Indonesia ) , Dewi, Miranti Kartika ( Universitas Indonesia )

Tazkia Islamic Finance and Business Review Vol 11, No 2 (2017)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

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Abstract

This study aims to provide a literature review of previous research related to Corporate Social Responsibility (CSR) in Islamic Financial Institution (IFI). This study contains review of 53 published articles throughout 2006-2016, both in the Islamic economic and financial journal and general journal. The literature review is presented into 5 sections, (a) review by journal and publication year, (b) by research type, (c) by methodology used, (d) by research topics and (e) by theme and region. Based on the review by publication year, it shows that the concept of CSR is still a fairly new topic. Most of the studies is still dominated by qualitative research with literature review method. The majority topic is still limited to the general review of the existing CSR practices, which are descriptively presented only. The results of this study are expected to provide a research mapping of CSR in Islamic Financial Institution, so it can inspire the subsequent research to explore potential areas related to this topic. This attempt becomes increasingly necessary, with regards to the rapid development of Islamic business and finance practices around the world.

Optimization Strategy of Laku Pandai Policy in Islamic Bank: A Study Case

Bakhtiar, Junarti ( Ahmad Dahlan School of Economics ) , Anwar, Saiful ( Ahmad Dahlan School of Economics ) , Anisa, Fitra ( Ahmad Dahlan School of Economics )

Tazkia Islamic Finance and Business Review Vol 11, No 2 (2017)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

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Abstract

Laku Pandai is a program providing banking services and/or other financial services through cooperating with other parties (bank agents) and supported by the usage of modern facilities to increase and expand any accesses to financial services. Laku Pandai is quite effective and efficient if its implementation and optimization are conducted by the banks that are eager in expanding their services in lower average cost. As for how it is, its significant development then triggered BRI Sharia to participate. However, Financial Services Authority thinks that conventional banking is not yet optimal, so it comes up with an argumentative assumption on sharia banking if it successfully implements the program. The purpose of this study is to determine appropriate strategies for optimizing Laku Pandai outputs in sharia banking using SWOT and AHP analysis. SWOT analysis is used to determine internal and external factors related to application of the output, while AHP is used to capture the best precise strategy. The result of the research shows that the main output of Laku Pandai is to successfully reach unbanked people with the exact alternative that is by improving marketing and promotion, improving socialization and education to society, improving agent quality and establishing vision and mission.

Macroeconomic Determinants of Islamic Banking Financing

Nursyamsiah, Tita ( Bogor Agricultural University )

Tazkia Islamic Finance and Business Review Vol 11, No 2 (2017)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

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Abstract

The purpose of this study is to analyze the relationship between Islamic banking financing and macroeconomic variables as well as its response to key economic variables including real output, price level, interest rate and trade for the case of Indonesia. This research uses time series econometric analysis such as Granger Causality and Vector Error Correction Model (VECM). Time series data used are total Islamic banking financing, industrial production index (IPI), customer price index (CPI), Certificate Bank Indonesia (SBI) rate and international trade. The results show that there is bi-directional relationship between Islamic banking financing and price level as well as Islamic banking financing and interest rate. Meanwhile, the uni directional causality occurs between Islamic banking financing and real output as well as Islamic banking financing and trade. In this case, Islamic banking financing is affected by IPI. Islamic banking financing is not affected by trade but trade is significantly affected by Islamic banking financing. In addition, Islamic banking financing is relatively sensitive to the shock of price level, real output and interest rate. 

Constructing an Islamic Socially Responsible Investment (SRI) Index; The Case of Indonesia

Suryomurti, Wiku ( Glasgow University )

Tazkia Islamic Finance and Business Review Vol 11, No 2 (2017)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

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Abstract

The aim of this study are: (i) to develop an index based on Islamic stock from List of Islamic Securities (DES) and integrate them with the concept of Socially Responsible Investment (SRI) and (ii) to compare the performance of the constructed index with Jakarta Islamic Index (JII) and SRI Kehati Index. We construct the index using Equally Weighted Method from extensive dataset of more than 300 Islamic securities listed in the List of Islamic Securities (DES). Our result is fairly striking as the Islamic SRI index outperform JII and SRI Kehati as well. We conclude that additional screening with ESG parameter does not impact the index performance. To our knowledge, this research is the first to introduce an Islamic SRI stock Index, particularly in Indonesia. Hence, the result could be a consideration for the Indonesia stock exchange (IDX) stakeholder to introduce this index to the market. Furthermore, the results is expected to help investors in selecting stock that meet the standards of Islamic stocks while also fulfill the ESG criteria into their investment portfolios.

Cover Vol. 11 (2), 2017

akbar, nashr

Tazkia Islamic Finance and Business Review Vol 11, No 2 (2017)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

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Abstract

Back Matter Vol. 11 (2), 2017

akbar, nashr

Tazkia Islamic Finance and Business Review Vol 11, No 2 (2017)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

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Abstract

Front Matter Vol. 11 (2), 2017

akbar, nashr

Tazkia Islamic Finance and Business Review Vol 11, No 2 (2017)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

Show Abstract | Original Source | Check in Google Scholar | Full PDF (140.318 KB)

Abstract