Ihtifaz: Journal of Islamic Economics, Finance, and Banking

A Co-Citation and Co-Word Analysis of Islamic Accounting and Accounting Research

Priyono Puji Prasetyo Priyono — 2024-06-30

Introduction: The study of conventional accounting has been a cornerstone in both academic research and practical business applications for many years. It provides a comprehensive framework for financial reporting, decision-making, and regulatory compliance, which is universally recognized and applied across various industries globally. This widespread adoption is attributed to its well-established principles, which have been refined and tested over time, making it a reliable foundation for managing financial affairs.

Purpose: This article aims to provide the intellectual structure and evolution of Islamic Accounting and Accounting Research themes.

Methodology: The authors utilized co-citation and co-word analysis to select 413 Islamic Accounting and Accounting from the Scopus database. The timeframe of the research encompasses articles published from 2010 through January 2024.

Findings: The research findings can be concluded, firstly, countries that have a great interest in Islamic Accounting and Accounting include Malaysia, Indonesia, and the United Kingdom. New themes for future research directions by means of co-citation and joint word analysis are suggested. Prospects in Islamic accounting and accounting include 'technology and automation', 'big data', and 'regulatory reform', and 'nuclear fuel accounting'.

Effects Of Social Media Marketing, Content Marketing, And Electronic Word Of Mouth On The Customers’ Decision To Use The Bank Aladin Syariah

Mufti Alam Adha — 2024-06-30

Introduction to The Problem: This study analyzed the effects of Social Media Marketing, Content Marketing, and Electronic Word of Mouth on the customers' decision to use Bank Aladin Syariah, one of the Islamic Digital banks in Indonesia.

Purpose/Objective Study: The research object was Bank Aladin Syariah customers throughout Indonesia.

Design/Methodology/Approach: This study used online questionnaires and obtained 100 respondents who were Bank Aladin Syariah's customers using purposive sampling. This study used a quantitative method with multiple linear regression analysis, t-test, f-test, and coefficient of determination test.

Findings: The results indicated that, positively and significantly, Social Media Marketing affected the customers' decision to use Bank Aladin Syariah; Content Marketing did not affect the customers' decision to use Bank Aladin Syariah; positively and significantly, the Electronic Word of Mouth affected the customers' decision to use Bank Aladin Syariah. Simultaneously, positively and significantly, Social Media Marketing, Content Marketing, and Electronic Word of Mouth affected the customers' decision to use Bank Aladin Syariah.

Paper Type: Research Article

Assessing and Pricing Islamic Sukuk: An Overview

Muhammad Saeed Iqbal — 2024-06-30

Introduction to The Problem: The Islamic Sukuk conforms to Shariah guidelines. As a result, Islamic Sukuk are appealing pricing vehicles for Islamic financial institutions, Shariah-governed reserves, and Takaful Islamic insurance companies which are prohibited from investing in conventional insurance policies which provide interest or riba.

Purpose/Objective Study: a growing number of Muslims with substantial net worth believe that their real estate should be in accordance with Shariah. This paper describes and explains the tools used for evaluating and assessing Islamic Sukuks.

Design/Methodology/Approach: Islamic Sukuks are a type of financial instrument that follows Islamic laws, such as prohibitions against interest and gambling. These instruments are used to determine the value of real estate to ensure they meet certain Shariah requirements. The tools used for evaluating and assessing Islamic Sukuks include Islamic law, financial analysis, and real estate valuation.

Findings: In the Islamic Sukuk study, an outstanding finding was the recognition of the significance of Islamic Sukuk estimation and assessment. It is expected that this study will help fill a gap in existing guidelines for Islamic Sukuk literature. Additionally, both professionals and academics will benefit from this study. The findings could provide some ideas regarding the implementation of the strategy (Shariah boards, CEOs of Islamic financial institutions).

Paper Type: Research Article

Keywords: Islamic Sukuk; Shariah; Assessing; Pricing; KIBOR.

The Moderation Effect of Risk Governance Structure on Risk Management and Its Impact on Financial and Social Performance of Islamic Banks in Indonesia

Ferdian Ari Kurniawan — 2024-06-30

Introduction to The Problem: Risk management is critical for Islamic banks, which must navigate financial and operational risks while adhering to Sharia principles. Understanding how risk governance structures influence the effectiveness of risk management in enhancing both financial and social performance is essential.

Purpose/Objective Study: This study aims to explore the moderation effect of risk governance structures on the relationship between risk management—specifically insolvency risk, financing risk, and operational risk—and the financial and social performance of Islamic banks in Indonesia.

Design/Methodology/Approach: The research utilized a dynamic panel data regression method to analyze data extracted from the annual reports of 11 Islamic commercial banks spanning from 2012 to 2021.

Findings: The study finds that certain risk governance structures, including the size of the audit committee, its independence, the expertise of its members, and the frequency of its meetings, as well as the quality of external audits, significantly enhance the impact of risk management on both the financial and social performance of Islamic banks. Additionally, specific structures unique to Islamic banks, such as the Sharia Supervisory Board size and the frequency of their meetings, also strengthen this effect.

Religiosity as Considered in Green Purchase Intention among Muslim Consumer

M Qoshid Al Hadi — 2024-06-30

Introduction to The Problem: In recent years, Indonesia has shown strengthening figures in world sharia economic and financial reports. This encourages studies on Muslim consumer behavior more to sustainable. This article provides an overview of research on the behavior of Muslim consumers who are committed to environmental issues and have awareness of religion. Previous research has focused primarily on green consumer behavior, and reported mixed findings, depending on the knowledge background.

Purpose/Objective Study: As an extension of previous research, this study will reveal the role of religiosity to impact green commitment (GC) and their purchasing intention.

Design/Methodology/Approach: A total of 296 respondents' data was collected based on purposive sampling and analyzed through structural equation modeling (SEM) with SmartPLS version 3.

Findings: The results show that religiosity influences GC and green purchase intention (GPI) as well as the role of GC to mediates the relationship between religiosity and GPI. Future research requires deeper investigation regarding the number and distribution of samples so that it can help better generalize the findings.

Paper Type: Research Article

Keywords: Religiosity; green commitment; green purchase intention; muslim consumer.