ITQAN: Journal of Islamic Economics, Management, and Finance

Conceptual Model of Determining Factors of Islamic Banking Financial Performance

Arum Cahaya Sari, Efri Syamsul Bahri — Mon, 01 Jan 2024 00:00:00 +0700

This study aims to identify the determinants of the financial performance of Islamic banking and develop a conceptual model. This type of research uses a qualitative method with a literature study approach. Data collection uses the publish or perish application selected with the preferred reporting items for the systematic reviews and meta-analyses (PRISMA) approach. This study has identified 46 journals that meet the inclusion and exclusion criteria. Based on the analysis of 46 journals found, 40 determinants of the financial performance of Islamic banking. The financial performance elements of Islamic banking have been compiled in the form of a conceptual model categorized into two dimensions: financial factors and non-financial factors. Furthermore, nine theories are found in 46 journals: agency theory, commercial loan theory, legitimacy theory, exchange theory, company theory, resource-based theory, resource dependency theory, signal theory, and stakeholder theory.

Analysis of Financial Performance Measurement Models for Zakat Institutions

Dodi Saputra — Mon, 01 Jan 2024 00:00:00 +0700

This research aims to identify and analyze the financial performance measurement model of zakat institutions. This research uses qualitative methods, a literature study approach, and descriptive analysis. The data source comes from Google Scholar. Literature data was obtained by searching for keywords on Google and the publish or perist application. The research results show that there are five performance measurement models in Zakat financial institutions consisting of Data Envelopment Analysis (DEA), Zakat Management Organization Ratio (OPZ), Indonesian Magnificence of Zakat (IMZ), International Standard of Zakat Management (ISZM), and Balance Scorecard. The research results also found that each measurement model has its characteristics with different measurement methods. Zakat supervisory authority institutions and researchers can use five performance measurement models in Zakat financial institutions.

Feasibility Study of Business Development at Kibo Frizzy Snack

Nur Maharani, Lutfi Zulkarnain — Tue, 02 Jan 2024 00:00:00 +0700

This study aims to analyze the feasibility of developing a business that will be carried out by Kibo Frizzy Snack. The method used in this research is descriptive qualitative. The results of the study show that in the legal aspect, the object is in the form of an individual company and has had a complete and legal permit. On the market and marketing aspects, there are promising opportunities in the future and the market has been wide open. In the technical and operational aspects, it has a well-systematic standard operating procedure and the outlet design layout is in accordance with the company's operational technicalities. In the aspect of organization and management, it has a simple organizational structure and a fairly good management function. In the economic and social aspects, it absorbs some of the workforce of the surrounding community, and helps the sub-culinary government's economic contribution. On the financial aspect, ROI 83%; BEP Q 263; BEP P Rp11,451.

Halal Industry Development Strategies Based on Small and Medium-Sized Enterprises for Rendang Entrepreneurs in Payakumbuh

Zilal Afwa Ajidin, Gusmal, Asep Ajidin — Thu, 11 Jan 2024 00:00:00 +0700

West Sumatra has much potential for halal culinary development in Indonesia. One of the famous food products is rendang. According to CNN, this product has gone global and is the most delicious food globally. In the context of halal culinary tourism development, Payakumbuh is one of the cities that contributes to the development of halal culinary businesses, especially rendang. A rendang village in Payakumbuh is a collection of several Small and Medium Enterprises promoting rendang businesses. Rendang entrepreneurs in Payakumbuh also play a role in accelerating the halal industry in their area. Rendang sales can also be accepted by consumers and sent to several regions in Indonesia and even the world. It aligns with Law Number 33 of 2014 concerning Halal Product Guarantees. However, there are also many obstacles faced by rendang entrepreneurs in Payakumbuh in developing their businesses: limited capital, weak managerial skills, and marketing constraints. This research aims to discover rendang entrepreneurs' strategies to develop the halal industry. The method used is qualitative analysis. Next, the analysis technique used is SWOT analysis. Several steps can be taken to optimize rendang sales, including consumer awareness, halal services, digital marketing and supporting services. The government needs to support the development of the halal industry in Indonesia.

Study of the Differentiation of Conventional Credit Card and Sharia Card Products in Sharia Banks

Reni Marlina — Mon, 15 Jan 2024 00:00:00 +0700

The development of sharia banking in Indonesia has experienced quite significant growth. It is based on the innovation of the credit card product issued by Sharia banking, namely the Syariah Card. This research aims to explain the differences between conventional credit card products and sharia cards regarding mechanism and product use. This research uses a qualitative method with a descriptive approach. The research results found that the differences between conventional credit card products and Sharia cards are in the transaction agreement scheme used, interest and the use of fees (juror) on Sharia cards. The existence of Sharia cards refers to the fatwa of the National Sharia Council of the Indonesian Ulema Council regarding the permissibility of Sharia credit cards No.54/DSN-MUI/X/2006 concerning Sharia Cards. The difference between Sharia cards and conventional credit cards is that Sharia cards are not allowed to charge interest but only remuneration (juror) or fees from each transaction. Conventional credit cards use interest-based because they assume the "time value of money" is money. It is just a medium of exchange that turns into a commodity that can reproduce only because of the opportunity factor of time, without the role of humans who work on it. Sharia banking needs to use this as a reference in making products for the public.