Explore the evidence.
Understand the reach.

The main contribution to the income of Islamic Rural Banks (IRBs) comes from financing provided where there are two financing schemes consisting of profit-sharing financing (musyarakah and mudharabah) and profit margin financing (murabahah). The main purpose of this study is to analyze the financing scheme that affects the bank's profitability. This study will also analyze the effect of Islamic bank performance on profitability. Financial performance that is thought to have an effect on profitability is the capital adequacy ratio (CAR), financing to deposit ratio (FDR), non-performing financing (NPF), operating expense to operating income ratio (OEIR), third-party funds (TPF) and bank size (SIZE). The population in this study were 165 BPRS in Indonesia with a sample of 100 BPRS. Observation period for 4 years (2018-2021) with quarterly data. This study uses a panel data regression analysis to test the hypothesis. After being tested with Chow-test and Hausman-test, the best model from panel data regression was the fixed effect model. The results of the research showed that profit-sharing financing (PSF) and SIZE have a positive and significant effect on profitability while profit margin financing (PMF), CAR and FDR have no effect on profitability. On the other hand, financial performance which has a significant negative effect is NPF, OEIR and TPF, while CAR and FDR has a significant positive effect.

The optimal implementation of waqf is believed by some literature as a solution to various socio-economic problems of the community. However, the public's interest in waqf is lacking. This study aims to analyze the factors that can increase interest in waqf for the community. The population in this study was the people of Cirebon Regency, Indonesia, and 205 respondents were taken from the population. Data were collected by distributing questionnaires with a scale of 1-6. The data collected in this study were analyzed using the structural equation model method with Smart-PLS. The analysis results show that religiosity and attitude affect people's waqf intentions, but perceived behavioral control and subjective norms have no effect. On the other hand, this study found that awareness can affect religiosity and perceived behavioral control. Meanwhile, trust is also proven to have an effect on subjective norms and attitudes.

This paper aims to examine the effects of bank mergers and corporate governance to maqashid sharia performance. This study also aims to examine the effect of corporate governance as a moderating variable. In this study, the measurement of variables using Integrated Maqashid Sharia Performance Measurement (IMSPM) which includes dimensions consisting of faith (din), self (nafs), intellect ('aql), posterity (nasl), and wealth (mal). Data processing was carried out using SPSS Statistics 29 with the source data of bank financial statements before and after the merger. The data includes the financial statements of BNI Syariah, BRI Syariah, Bank Mandiri Syariah 2015 – 2020 and also Bank BSI 2021 – 2023. The results showed that bank mergers have a positive effect on maqashid sharia performance. However, the corporate governance variable consisting of the independence and remuneration of the Sharia Supervisory Board (SSB) shows that the independence of SSB has no effect on the maqashid sharia performance and remuneration SSB has a negative effect. Independence of SSB has no effect to maqashid sharia performance because SSB who are not independent or hold concurrent positions will have more experience due to their role in other Islamic institutions and banks. In addition, SSB remuneration has a negative effect because when viewed from the operational side, the high remuneration received by SSB will actually increase the burden on banks so that it has an impact on their maqashid sharia performance. Nevertheless, corporate governance variables both independence and remuneration of SSB  can strengthen the effect of mergers on maqashid sharia performance.

The goal of this study is to determine the factors that influence young Indonesian investors' intentions to invest in Islamic stocks. The Theory of Planned Behavior (TPB) paradigm is used in this study, although financial literacy and trust are also included. This is a quantitative survey-based study. 204 people participated in the research by completing all questionnaires. The data were analyzed using the Partial Least Squares – Structural Equation Modeling (PLS-SEM) technique with the assistance of SmartPLS 3.0. According to the findings of the data analysis, the attitude has a significant positive effect on intention in Islamic stock investments. Subjective norms have no significant positive effect on intention in Islamic stock investments. The perceived behavioral control has a significant positive effect on investor intention in Islamic stocks. Financial literacy and trust significantly increase intention in sharia stock investing.

The purpose of this research is to determine the optimal portfolio for manufacturing entities listed on the Indonesian Sharia Stock Index based on a single index model test. The population of this research is manufacturing entities that have been listed in the Indonesian Sharia Stock Index on the Indonesia Stock Exchange for the Period 2019-2020. This study uses a purposive sampling technique using several criteria. Based on this technique, 31 entities meet the criteria. The results showed that the expected return was 5.65%, and the possible risk was 0.22% for 15 (fifteen) stocks included in the optimal portfolio category.  

This paper aims to examine the effects of bank mergers and corporate governance to maqashid sharia performance. This study also aims to examine the effect of corporate governance as a moderating variable. In this study, the measurement of variables using Integrated Maqashid Sharia Performance Measurement (IMSPM) which includes dimensions consisting of faith (din), self (nafs), intellect ('aql), posterity (nasl), and wealth (mal). Data processing was carried out using SPSS Statistics 29 with the source data of bank financial statements before and after the merger. The data includes the financial statements of BNI Syariah, BRI Syariah, Bank Mandiri Syariah 2015 – 2020 and also Bank BSI 2021 – 2023. The results showed that bank mergers have a positive effect on maqashid sharia performance. However, the corporate governance variable consisting of the independence and remuneration of the Sharia Supervisory Board (SSB) shows that the independence of SSB has no effect on the maqashid sharia performance and remuneration SSB has a negative effect. Independence of SSB has no effect to maqashid sharia performance because SSB who are not independent or hold concurrent positions will have more experience due to their role in other Islamic institutions and banks. In addition, SSB remuneration has a negative effect because when viewed from the operational side, the high remuneration received by SSB will actually increase the burden on banks so that it has an impact on their maqashid sharia performance. Nevertheless, corporate governance variables both independence and remuneration of SSB  can strengthen the effect of mergers on maqashid sharia performance.

The main contribution to the income of Islamic Rural Banks (IRBs) comes from financing provided where there are two financing schemes consisting of profit-sharing financing (musyarakah and mudharabah) and profit margin financing (murabahah). The main purpose of this study is to analyze the financing scheme that affects the bank's profitability. This study will also analyze the effect of Islamic bank performance on profitability. Financial performance that is thought to have an effect on profitability is the capital adequacy ratio (CAR), financing to deposit ratio (FDR), non-performing financing (NPF), operating expense to operating income ratio (OEIR), third-party funds (TPF) and bank size (SIZE). The population in this study were 165 BPRS in Indonesia with a sample of 100 BPRS. Observation period for 4 years (2018-2021) with quarterly data. This study uses a panel data regression analysis to test the hypothesis. After being tested with Chow-test and Hausman-test, the best model from panel data regression was the fixed effect model. The results of the research showed that profit-sharing financing (PSF) and SIZE have a positive and significant effect on profitability while profit margin financing (PMF), CAR and FDR have no effect on profitability. On the other hand, financial performance which has a significant negative effect is NPF, OEIR and TPF, while CAR and FDR has a significant positive effect.

The optimal implementation of waqf is believed by some literature as a solution to various socio-economic problems of the community. However, the public's interest in waqf is lacking. This study aims to analyze the factors that can increase interest in waqf for the community. The population in this study was the people of Cirebon Regency, Indonesia, and 205 respondents were taken from the population. Data were collected by distributing questionnaires with a scale of 1-6. The data collected in this study were analyzed using the structural equation model method with Smart-PLS. The analysis results show that religiosity and attitude affect people's waqf intentions, but perceived behavioral control and subjective norms have no effect. On the other hand, this study found that awareness can affect religiosity and perceived behavioral control. Meanwhile, trust is also proven to have an effect on subjective norms and attitudes.

The objective of this study is to examine and analyze the influence of human resource (HR) practices in Islamic perspective on service performance. This study is carried out on Sharia Savings and Loans Cooperatives of Tamzis Bina Utama (TAMZIS) in the DIY Provinces, Indonesia. The data analysis is carried out using quantitative method with Structural Equation Modeling (SEM), and processed with SmartPLS software. The findings in this study indicate that there is a positive and significant relationship in: (1) Recruitment and selection in Islamic perspective on service performance; (2) Training and development in Islamic perspective on service performance; (3) Performance appraisal in Islamic perspective in on service performance; (4) Recruitment and selection in Islamic perspective on service performance moderated by Islamic principles; (5) Training and development in Islamic perspective on service performance moderated by Islamic principles. The findings also indicate that there is a negative and insignificant influence between performance appraisal in Islamic perspective on service performance moderated by Islamic principles in employees of Sharia Savings and Loans Cooperatives of Tamzis Bina Utama in the DIY Provinces, Indonesia.

The goal of this study is to determine the factors that influence young Indonesian investors' intentions to invest in Islamic stocks. The Theory of Planned Behavior (TPB) paradigm is used in this study, although financial literacy and trust are also included. This is a quantitative survey-based study. 204 people participated in the research by completing all questionnaires. The data were analyzed using the Partial Least Squares – Structural Equation Modeling (PLS-SEM) technique with the assistance of SmartPLS 3.0. According to the findings of the data analysis, the attitude has a significant positive effect on intention in Islamic stock investments. Subjective norms have no significant positive effect on intention in Islamic stock investments. The perceived behavioral control has a significant positive effect on investor intention in Islamic stocks. Financial literacy and trust significantly increase intention in sharia stock investing.