Amwaluna: Jurnal Ekonomi dan Keuangan Syariah
https://ejournal.unisba.ac.id/index.php/amwaluna
<table width="729"><tbody><tr><td align="left" valign="top"><strong>Amwaluna : Jurnal Ekonomi dan Keuangan Syariah</strong> is an academic journal published twice annually (January-July) by Syariah Faculty of Universitas Islam Bandung in cooperation with Asosiasi Pengajar dan Peneliti Hukum Ekonomi Islam Indonesia (<a href="http://appheisi.or.id/" target="_blank">APPHEISI</a>). This journal publishes original researches in multi concepts, theories, perspectives, paradigms and methodologies on syariah economic studies. The scope of <strong>Amwaluna : Jurnal Ekonomi dan Keuangan Syariah</strong> are (but not limited to): (1) Islamic banking; (2) Syariah Financial; (3) Mu'amalah; (4) Economic Islam ;(5) Economic ;(6) Accounting; (7) Finance. <br />Any submitted paper will be reviewed by reviewers. Review process employs Double-blind Review that the reviewer does not know the identity of the author, and the author does not know the identity of the reviewers. <em><strong>Amwaluna : Jurnal Ekonomi dan Keuangan Syariah</strong></em> has become a <a href="http://www.crossref.org/" target="_blank"><strong>CrossRef Member</strong></a> since the year 2017. Therefore, all articles published by <strong>Amwaluna : Jurnal Ekonomi dan Keuangan Syariah</strong> will have unique DOI number. <strong>DOI: <a title="doi" href="https://search.crossref.org/?q=amwaluna+unisba">https://doi.org/10.29313/amwaluna.</a> </strong><br /><strong>ISSN: <a href="http://u.lipi.go.id/1472805324" target="_blank">2540-8402</a> (online); </strong><strong>ISSN: <a href="http://u.lipi.go.id/1472804926" target="_blank">2540-8399</a> (print).<br /></strong></td><td style="width: 20px;"><img src="/public/site/images/poponsrisusilawati/journalThumbnail_en_US1.png" alt="" /></td></tr></tbody></table>Univeristas Islam Bandungen-USAmwaluna: Jurnal Ekonomi dan Keuangan Syariah2540-8399<span>1. Proposed Policy for Journals That Offer Open Access</span><br /><span>Authors who publish with this journal agree to the following terms:</span><br /><ol type="a"><ol type="a"><li>Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a <a title="copyright Notices" href="https://creativecommons.org/licenses/by-nc-sa/4.0/" target="_blank">Creative Commons Attribution License</a> that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.</li><li>Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.</li></ol></ol><p><span>2. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See </span><a href="http://opcit.eprints.org/oacitation-biblio.html" target="_new">The Effect of Open Access</a><span>).</span></p><p><span><a href="http://creativecommons.org/licenses/by-nc-sa/4.0/" rel="license"><img src="http://i.creativecommons.org/l/by-nc-sa/4.0/88x31.png" alt="Creative Commons License" /></a><br /><span>This work is licensed under a </span><a href="http://creativecommons.org/licenses/by-nc-sa/4.0/" rel="license">Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License</a><span>. </span></span></p>Economic Independence of Islamic Boarding Schools
https://ejournal.unisba.ac.id/index.php/amwaluna/article/view/7778
<p>Historically, Islamic boarding schools or <em>pesantren </em>have contributed greatly to the advancement of Islamic civilization in Indonesia. In addition to its function in the field of education, <em>pesantren </em>also have an important role in empowering the economy of the people. The independence of the <em>pesantren</em> can be applied to provide motivation and encouragement to students to become established in the economic field. This study uses a qualitative approach with a case study method. The purpose of this study is to describe the form of economic independence of <em>pesantren</em> using a case study at <em>Riyadlul Jannah</em> Islamic boarding school, Pacet. A <em>pesantren</em> that has a strong vision and mission in the fields of economy and empowerment. The finding of this research is that <em>pesantren</em> provide intensive education and instil an entrepreneurial spirit to the students, even brainwashing about the importance of entrepreneurship is given. The independence that is carried out is also not fixed on theory alone, but also in direct application to the various business units owned by the Islamic boarding school. Some of the business units owned by the Islamic boarding schools are restaurants, agriculture and fisheries, printing, mineral water production, and tours & travel.</p>Denizar Abdurrahman Mi'rajIrham ZakiFatin Fadhilah Hasib
Copyright (c) 2023 Amwaluna: Jurnal Ekonomi dan Keuangan Syariah
2023-08-022023-08-027217418410.29313/amwaluna.v7i2.7778The Purchasing Decisions of Sharia Insurance Products During Covid-19 Period; Effectiveness of Theory Planned Behavior
https://ejournal.unisba.ac.id/index.php/amwaluna/article/view/9442
<p><em>This study aims to determine effect of attitudes on the decision to buy sharia insurance products during the covid-19 period, effect of subjective norms on the decision to buy sharia insurance products during the covid-19 period, effect of perceived control behavior on sharia insurance decisions during the covid-19 period, and effect of the theory of planned behavior which includes attitudes, perceived control behavior on the decision to buy sharia insurance products during the covid-19 period. The object of this research is Sharia Prudential Insurance in Serang-Banten Regency. Respondents who became the population of this study were Prudential Sharia Insurance customers in Serang-Banten Province. The sample taken in this study amounted to 80 respondents. The research method used is quantitative. Methods of data collection using a questionnaire. Data were analyzed using the multiple linear regression method. The results of this study show that Attitudes have a significant positive effect on the decision to buy sharia insurance products during the covid-19 period, subjective norms have a significant positive effect on the decision to buy sharia insurance products during the covid-19 period, Perceived control behavior has a significant positive effect on the decision to buy sharia insurance products during the covid-19 period, and attitudes, subjective norms and perceived control behavior simultaneously have a significant positive effect on the decision to buy sharia insurance products during the covid-19 period </em></p>Syihabudin SyihabudinNajmudin Najmudin
Copyright (c) 2023 Amwaluna: Jurnal Ekonomi dan Keuangan Syariah
2023-08-022023-08-027218519510.29313/amwaluna.v7i2.9442Analysis Of Sharia Financial Aspects In Baitul Maal Wa Tamwil During Covid-19 Pandemic
https://ejournal.unisba.ac.id/index.php/amwaluna/article/view/10856
<p><em>This study aims to examine the impact of the Covid-19 pandemic on the financial aspects of BMTs or Baitul Maal wat Tamwil (sharia cooperatives) in Tasikmalaya, as well as finding solutions deemed appropriate according to respondents’ agreement. The method used is the Analytic Network Process (ANP). The results of the study show that there are three elements in the financial aspects affected by the pandemic. The first is liquidity. The pandemic caused a high number of problematic financing, hence the solution is limiting financing approval. The second is profitability. To boost the already-low availability of funds, a BMTs should sell unproductive assets. Lastly is the third party funding. The drop in creditors’ level of confidence must be solve by fostering public trust. The implication of this study will improve the financial condition of BMT, so it can rise from the downturn due to the pandemic.</em></p>Agus Ahmad NasrullohTrisna Wijaya
Copyright (c) 2023 Amwaluna: Jurnal Ekonomi dan Keuangan Syariah
2023-08-022023-08-027219620810.29313/amwaluna.v7i2.10856Tobin's Q Modeling Through the Du Pont System Financial Performance Method Using SEM-PLS
https://ejournal.unisba.ac.id/index.php/amwaluna/article/view/10899
<p><em>This study aims to examine the factors that influence Tobin's Q. This goal is achieved by testing the Debt to Equity Ratio (DER), Dividend Yield, and Firm Size through the financial performance mediating variable using the du Pont system method. This study uses a population of 20 companies indexed in the High Dividend Index of the Indonesia Stock Exchange with a saturated sample technique. The 20 companies are the samples in this study. This research approach uses descriptive quantitative that is path analysis to test the hypothesis that has been formed. The most important research result is that the financial performance of the du Pont system method affects mediating the Debt to Equity Ratio (DER) and Firm Size of Tobin's Q. Then, partially Dividend Yield and Financial Performance of the du Pont system method significantly influence the company's Tobin's Q. High Dividend Index 20</em></p>Elsa YulandriDede HertinaVemy Suci Asih
Copyright (c) 2023 Amwaluna: Jurnal Ekonomi dan Keuangan Syariah
2023-07-312023-07-317220922410.29313/amwaluna.v7i2.10899Is Investment Intention Affected by Financial Literacy, Financial Knowledge, Motivation, and Technological Developments?
https://ejournal.unisba.ac.id/index.php/amwaluna/article/view/12332
<p><em>Investor </em><em>intends to put some of one's money in the stock market with the hope of future profits. This study aims to examine the development of technology as an intervention variable for financial literacy, financial knowledge, and motivation on investment intention. This research method provides a quantitative with an associative approach. Data was collected using survey, then analysed using PLS-SEM with WarpPLS. The results show that financial literacy, financial knowledge, and motivation affect students investment intention. However, motivation does not affect investment intention influence technological developments.</em><em></em></p>Rokhmat SubagiyoAhmad BudimanPutri DomastutiJusuf BachtiarAhmad Ajib Ridlwan
Copyright (c) 2023 Amwaluna: Jurnal Ekonomi dan Keuangan Syariah
2023-07-312023-07-317222524210.29313/amwaluna.v7i2.12332Human Development Index and Halal Tourism Performance: Case Study of The Country with The Lowest Safety for Muslim Tourists
https://ejournal.unisba.ac.id/index.php/amwaluna/article/view/11135
<p><em>The purpose of this study is to see the cause and effect between the Human Development Index and the Global Muslim Travel Index. This research was conducted using quantitative research methods for a dataset of five countries with low security levels. The study was analyzed by the Bayesian Vector Autoregression Panel using Eviews 10. The findings reveal that there is no interaction and contribution between the Human Development Index and the Global Muslim Travel Index in countries with weak security levels for Muslim tourists. However, according to the PBVAR estimate, the Human Development Index affects the Global Muslim Travel Index, as well as the Global Muslim Travel Index affects the Human Development Index. Then the results of the IRF test explained that the Human Development Index and the Global Muslim Travel Index had a stable response in the second period. Finally, the decomposition analysis explains that the Human Development Index and the Global Muslim Travel Index have their respective roles from the first period to the tenth period. Through this research, it is hoped that the relevant state governments can mix policies and anticipate shocks that occur. Therefore, the researcher proposes to increase security for Muslim tourists visiting their country and implement various facilities that support comfort for Muslim tourists.</em></p>Rukiah LubisAam RusydianaWanda Khairun NasirinDwi Ratna Kartikawati
Copyright (c) 2023 Amwaluna: Jurnal Ekonomi dan Keuangan Syariah
2023-07-312023-07-317224325710.29313/amwaluna.v7i2.11135A Conceptual Framework of The Islamic Human Development Index (I-HDI) and its Relationship with Maqāṣid Al-Sharī'ah
https://ejournal.unisba.ac.id/index.php/amwaluna/article/view/10910
<p><em>Measurement of development in general uses the Human Development Index (HDI) indicator, but this concept cannot yet be a comprehensive measure of human development. The concept of HDI has an aspect of inequality and only measures the material session, while the spiritual is not measured. Therefore, the Islamic Human Development Index (I-HDI) is here to provide solutions for measuring human development in a complex way by measuring people's welfare through material, spiritual, and moral aspects. The purpose of this study is to explain the concepts and indicators of the human development index from an Islamic perspective and their relevance to maqāṣid al-sharī'ah. This research uses a method with a descriptive qualitative approach, which is an effort to understand the concepts found in the research process, using content analysis techniques and library research or literature review. The findings from this study indicate that the concept of the Islamic Human Development Index (I-HDI) provides an overview of the achievement of human development based on maqāṣid al-sharīʿah by measuring material and non-material aspects. I-HDI is an attempt to translate conventional development concepts into an Islamic perspective, in which the analytical tool used is based on the five maqāṣid al-sharīʿah dimensions as indicators of human needs both materially and spiritually. The I-HDI measurement is based on five maqāṣid al-sharīʿah, namely the protection and safeguarding of religion (ad-dien), protection of the soul (an-nafs), protection of the mind (al-aql), protection of offspring (an-nasl), protection of property (al-maal).</em><em></em></p>M. Zidny Nafi' HasbiMakhrus MunajatAbdul Qoyum
Copyright (c) 2023 Amwaluna: Jurnal Ekonomi dan Keuangan Syariah
2023-07-312023-07-317225827310.29313/amwaluna.v7i2.10910E-Service Quality And E-Trust Toward Online Shop Customers E-Loyalty: Satisfaction as Mediation
https://ejournal.unisba.ac.id/index.php/amwaluna/article/view/11458
<p><em>The purpose of this study is to analyze the relationship between the effect of e-service quality on e-satisfaction, the effect of e-trust on e-satisfaction, the effect of e-service quality on e-customer loyalty, the effect of e-service quality on e-customer loyalty, the effect of e- satisfaction on e-customer loyalty, indirect effect of e-service quality on e-customer loyalty through e-satisfaction, significant indirect effect of e-trust on e-customer loyalty through e-satisfaction. The research method is quantitative, the technique sampling used using purposive sampling method category of non-probability sampling. Respondents to this study were 310 online shop consumers who had purchased goods/services at the online shop. Research data was obtained by distributing online questionnaires via social media. Analysis of research data using structural equation modeling (SEM) with SmsrtPLS 4.0 software tools. The stages of data testing are validity test, reliability test and hypothesis testing (significance). The results of this study are that there is a direct positive and significant effect of e-service quality on e-satisfaction. There is a direct positive and significant effect of e-Trust on e-Satisfaction There is a direct positive and significant effect of e-service quality on e-Customer Loyalty, there is a strong positive and significant direct effect of e-Trust on e-Customer Loyalty, there is a positive effect and directly significant e-Satisfaction on e-Customer Loyalty, there is a strong and significant positive effect indirectly e-service quality on e-Customer Loyalty through e-Satisfaction, there is a strong and significant positive effect indirectly e-Trust on e-customers loyalty through e-Satisfaction.</em></p>Nikous Soter SihombingSahat SimbolonAgus SusantoSri Aprianti Tarigan
Copyright (c) 2023 Amwaluna: Jurnal Ekonomi dan Keuangan Syariah
2023-07-312023-07-317227428910.29313/amwaluna.v7i2.11458Strategy of Islamic Rural Banks Improving Financial Performance During the Covid-19 Pandemic
https://ejournal.unisba.ac.id/index.php/amwaluna/article/view/8915
<p><em>This study aims to measure the pattern of Islamic Rural Banks strategic management in Central Java during the Covid-19 Pandemic. This study use SWOT Analysis by determining Internal Factor Analysis Summary (IFAS) and External Factor Analysis Summary (EFAS). The sources of this research data were collected through a Focus Group Discussion conducted with the Financial Services Authority, Islamic Rural Banks Practitioners and Academics. The results of the study show that the Islamic Rural Banks considers the Covid-19 pandemic as a challenge with several priority aspects of control. Strategy formulation and implementation are carried out through changes to the Bank's Business Plan. Bank limited the distribution of high-risk financing during the Covid-19 Pandemic. Islamic Rural Banks focuses on the health sector, cooperation and government projects.</em></p>Mardhiyaturrositaningsih MardhiyaturrositaningsihRohmatul Janah
Copyright (c) 2023 Amwaluna: Jurnal Ekonomi dan Keuangan Syariah
2023-07-312023-07-317229030210.29313/amwaluna.v7i2.8915Exploration Of Social Exchange Theory: Costumer Loyalty with Trust And Satisfaction As Intervening in Islamic People's Financing Banks (BPRS)
https://ejournal.unisba.ac.id/index.php/amwaluna/article/view/11613
<p><em>This research was at the Medan City Islamic People's Credit Bank (BPRS), which was lagging in terms of the number of customers and information technology. This study aims to determine the effect of organizational information and information technology on loyalty by using the intervening variables of satisfaction and trust. This research used correlational quantitative and Structural Equation Models (SEM). Respondents used in this study were 314 BPRS customers who are still active. The results showed that the information technology used by the BPRS did not affect loyalty where satisfaction was the intervention variable. On the other hand, organizational communication had an influence on customer loyalty with customer trust as an intervention variable</em></p>Adelina LubisIhsan EffendiDhian RosalinaMiftahuddin Murad
Copyright (c) 2023 Amwaluna: Jurnal Ekonomi dan Keuangan Syariah
2023-07-312023-07-317230331310.29313/amwaluna.v7i2.11613The Potential Role of Qard Hasan Based Baitul Maal Wa Tamwil in Realizing Financial Inclusion
https://ejournal.unisba.ac.id/index.php/amwaluna/article/view/7608
<p><em>This study aims to describe the potential role of the qard hasan-based Baitul Maal wa Tamwil (BMT) in achieving financial inclusion. This article uses a literature study approach accompanied by a case study. This study concludes that financial inclusion in society is very likely to be realized by the practice of the qard hasan contract at BMT. The implications of this research can be useful for policy makers related to BMT and Islamic microfinance more broadly. This can help policy makers and regulators understand the challenges and opportunities in supporting and promoting financial inclusion through BMTs</em><em>.</em></p>Pupun Saepul RohmanBayu Arie FiantoNisful LailaAscarya Ascarya
Copyright (c) 2023 Amwaluna: Jurnal Ekonomi dan Keuangan Syariah
2023-07-312023-07-317231432210.29313/amwaluna.v7i2.7608The Effect of Company Size, Capital Adequacy, And Level of Funding On Financial Performance Moderated By The Sharia Supervisory Board
https://ejournal.unisba.ac.id/index.php/amwaluna/article/view/12018
<p><em>This study aims to find out whether the sharia supervisory board moderates the relationship between the variables of company size, capital adequacy, level of funding and financial performance. This study uses hypothesis testing with a quantitative approach. The unit of analysis used in this study is Islamic Commercial Banks in Indonesia (10 Islamic banks). The type of data used is secondary data, data sources from documents obtained through media such as publications or websites. In this study the data used is the Annual Report (Annual Report). Based on the time/time dimension of implementation, this study uses panel data, consisting of 10 Islamic banks in Indonesia, and uses annual data for 8 (eight) periods starting from 2014-2021. The study population was 80. The statistical tools used for panel data analysis were panel regression models, namely Common Effects (CE), Fixed Effects (FE) and Random Effects (RE). Data processing software using Eviews. The findings show that company size and DER have a sizeable impact on financial performance, even though the sharia supervisory board does not moderate the relationship, while the sharia supervisory board moderates the relationship between funding levels and firm performance. The results of this study can be a guideline for managers of sharia banks to provide financing through the most effective level of funding possible. The results of this study can provide a basis for recommending policies to Islamic banking authorities and Islamic banking supervisors in Indonesia.</em></p>Helliana HellianaJuniati Gunawan
Copyright (c) 2023 Amwaluna: Jurnal Ekonomi dan Keuangan Syariah
2023-07-312023-07-317232333810.29313/amwaluna.v7i2.12018Investment, Islamic Human Development Index and Banking Financing on Economic Growth and Their Impact on Labor Absorption
https://ejournal.unisba.ac.id/index.php/amwaluna/article/view/12493
<p>The purpose of the study was to analyze the effect of investment, the Islamic Human Development Index and banking financing on the economic growth of the districts/cities of North Sumatra province and to analyze the effect of economic growth in mediating the effect of investment, the Islamic Human Development Index and banking financing for employment in the districts/cities of North Sumatra province. The use of the path analysis method with economic growth as the intervening variable results that in total the indirect effect of investment, banking financing and the Islamic Human Development Index through the intervening variable of economic growth on the Open Unemployment Rate is significant, which means that Economic Growth is able to mediate the effect of Investment, Banking Financing and Islamic Human Development Index on the Open Unemployment Rate in Regencies/Cities of North Sumatra Province during 2015-2019. The amount of direct influence between all variables used, namely, Economic Growth to the Open Unemployment Rate is 90 percent, where the magnitude of the direct influence between all the variables used, namely; Investment, Banking Financing and Islamic Human Development Index on Economic Growth is 95.96 percent. Economic growth as an intervening variable is able to mediate the effect of Investment, Banking Financing and the Islamic Human Development Index (IHDI) on the Open Unemployment Rate and Wage Workers, Banking and Islamic Human Development Index on Workers' Wages, Banking and Islamic Human Development Index on Workers' Wages. The influence of economic growth on the open unemployment rate is positive and significant and the influence of economic growth on workers' wages is negative and significant. The direct influence of economic growth on workers' wages is 89.87 percent.</p>Ahmad Harun DaulayAsmuni AsmuniIsnaini Harahap
Copyright (c) 2023 Amwaluna: Jurnal Ekonomi dan Keuangan Syariah
2023-07-312023-07-317233934610.29313/amwaluna.v7i2.12493Determinant Factor Analysis of Financial Technology Adoption Among Halal Sector Microenterprises in Indonesia
https://ejournal.unisba.ac.id/index.php/amwaluna/article/view/12456
<em>This study offers an empirical analysis of the factors that influence the customer attitudes towards the adoption of Financial Technology services within the Micro, Small, and Medium Enterprises (MSMEs) sector. Using Survey method, a total of 240 respondents from MSMEs were included in the sample for this study. These respondents were selected from 16 different areas located in five typical provinces in Indonesia, namely Aceh, West Sumatera, Jakarta, West Java, and East Java. This research investigates the impact of several key factors on the consumer attitudes of MSMEs towards the adoption of FinTech. These factors include Perceived Ease of Use, Digital Literacy, Risk Perception, Infrastructure, Entrepreneurial Spirit, and Perceived Usefulness. This paper utilized the Structural Equation Modelling (SEM) technique to analyse various measurement, observations, and a hybrid model. The results of the study suggest that within the specific domain of halal sector MSMEs in Indonesia, there is no significant impact of parameters such as digital finance literacy, perceived risk, and perceived utility on the adoption of digital financial services. Nevertheless, it has been observed that the perceived ease of use, the presence of adequate infrastructure, and the presence of an entrepreneurial mindset have been found to have a positive and statistically significant influence on the adoption of financial technology services among MSMEs. This study also offers theoretical and practical implications for key stakeholders seeking to enhance the utilization of financial technology services among MSMEs in Indonesia</em>Abrista DeviIrman FirmansyahArif Sapta YuniartoBaharom Abdul HamidM Kholil Nawawi
Copyright (c) 2023 Amwaluna: Jurnal Ekonomi dan Keuangan Syariah
2023-08-152023-08-157234736810.29313/amwaluna.v7i2.12546