Journal of Islamic Banking: Student Insight

The Influence of Training, Compensation, and Human Relations on Employees’ Work Ethic: A Case Study at Baitul Maal wat Tamwil Bina Ihsanul Fikri, Special Region of Yogyakarta

2025-10-23T12:24:53+07:00

Purpose: This study aims to analyze the effect of training, compensation, and human relations on employee work ethic at Baitul Maal wat Tamwil (BMT) Bina Ihsanul Fikri (BIF) in the Special Region of Yogyakarta.

Design/methodology/approach: The research employs a quantitative approach with a sample of 37 BMT BIF employees. Data were collected through questionnaires and analyzed using multiple linear regression with t-test, F-test, and the coefficient of determination.

Findings: The results show that the human relations variable has a positive and significant effect on employee work ethic, while training and compensation do not have a significant influence. These findings highlight that harmonious workplace relationships play a more important role in enhancing work ethic compared to training and compensation.

Theoretical Contribution/Originality: This research contributes to the literature on human resource management by emphasizing the role of human relations in improving work ethic in Islamic financial institutions. Furthermore, it provides new empirical evidence that training and compensation do not always have a significant impact on employee work ethic.

Research limitation and implication: This study is limited to one BMT branch in each district and city within Yogyakarta with a relatively small sample size. Future research is recommended to use larger samples and include additional variables such as work motivation or work environment. Practically, the findings suggest that BMT should prioritize creating harmonious workplace relationships to strengthen employee work ethic.

The Influence of Leadership, Work Environment, and Compensation on Employee Loyalty in Islamic Banking in Brebes and Tegal

2025-10-23T12:23:43+07:00

Purpose: This study analyzes the influence of leadership, work environment, and compensation on employee loyalty in Islamic banks in the Brebes and Tegal regions.

Design/methodology/approach: The research used a quantitative survey approach with purposive sampling involving 40 employees of Islamic banks. Data were collected using a structured questionnaire and analyzed through Structural Equation Modeling (SEM) using SmartPLS software.

Findings: The results indicate that work environment and compensation have a positive and significant effect on employee loyalty, while leadership does not significantly influence loyalty. These findings highlight that non-financial and financial factors play a more substantial role in fostering employee loyalty compared to leadership in the studied context.

Theoretical Contribution/Originality: This research contributes to the literature on human resource management by emphasizing the importance of compensation and work environment in Islamic banking institutions. It also adds new empirical evidence showing that leadership may not always directly affect employee loyalty, particularly when organizational systems and compensation structures serve as substitutes for leadership roles.

Research limitation and implication: The study is limited to Islamic banks in Brebes and Tegal with a relatively small sample size, reducing its generalizability. Future research should expand to broader regions, employ qualitative or mixed methods, and include additional variables such as organizational culture, job satisfaction, and motivation. Practically, the findings suggest that Islamic banks should prioritize improving compensation systems and work environments, while also enhancing leadership styles to strengthen employee loyalty.

Maqashid Shariah as a Performance Measure in Islamic Banks: An Empirical Study of Financial Indicators in Indonesia

2025-09-24T14:49:31+07:00

ABSTRACT

Purpose : This study aims to analyze the effect of Return on Assets (ROA), Non-Performing Financing (NPF), Temporary Syirkah Funds (TSF), Capital Adequacy Ratio (CAR), Financing to Deposit Ratio (FDR), and Operating Expenses to Operating Income (BOPO) on Maqashid Shariah performance in Islamic Commercial Banks (BUS) in Indonesia during 2014–2024.

Design/methodology/approach: The study employs a quantitative approach with panel data regression. The sample consists of six Islamic Commercial Banks selected through purposive sampling, resulting in 66 observations over eleven years. The Maqashid Shariah Index (MSI) is measured using Abu Zahrah’s framework modified by Mohammed et al. (2008), which covers the dimensions of education, justice, and welfare.

Findings: The results indicate that ROA, NPF, and TSF significantly and positively affect Maqashid Shariah performance. In contrast, CAR, FDR, and BOPO show no significant influence. These findings highlight that profitability, community participation through syirkah funds, and even the management of problematic financing can strengthen the ethical and social objectives of Islamic banking.

Theoretical Contribution/Originality: This study contributes by integrating financial indicators with maqashid shariah, showing that Islamic bank performance cannot be fully captured by conventional profitability measures. It provides new insights into the paradoxical role of NPF in reinforcing sharia-oriented outcomes.

Research limitation and implication: The study is limited to financial indicators and a ten-year sample of six banks, without considering non-financial dimensions such as CSR, ESG, or qualitative aspects of maqashid. Future research should integrate both financial and non-financial measures to obtain a more holistic evaluation.

Keywords: Maqashid Shariah, Islamic banking, ROA, NPF, Temporary Syirkah Funds, CAR, FDR, BOPO, financial performance, panel data, Indonesia

JEL Classification: G21, G32, Z12

Antecedents of Switching Intention from Conventional Bank Customers to Bank Jago Syariah

2025-11-20T13:43:17+07:00

Purpose: This study aims to analyze the antecedents that influence the switching intention of conventional bank customers to Bank Jago Syariah by applying the Push-Pull-Mooring (PPM) framework.

Design/methodology/approach: This study applies a quantitative causal approach using the PPM framework. Data from 111 respondents were collected via questionnaire and analyzed with SEM-PLS.

Findings: The study reveals that push factors (customer satisfaction and religiosity) are insignificant, while pull factors (alternative attractiveness and subjective norms) significantly enhance switching intention. Inertia as a mooring factor shows a significant negative effect.

Theoretical Contribution/Originality: This study extends the PPM framework to digital Islamic banking and shows the significant role of inertia as a barrier, while confirming the stronger influence of pull factors compared to push factors.

Research limitation and implication: The study is limited to 111 respondents from Java, so broader samples are suggested. Practically, Islamic digital banks should strengthen pull factors and reduce inertia to encourage switching.

The Influence of Sharia Financial Literacy, Digital Marketing, Brand Image, and Word of Mouth on Generation Z'S Interest in Islamic Banking

2025-12-25T15:58:22+07:00

Purpose: Put This study aims to explain the influence of Islamic financial literacy, digital marketing, brand image, and word of mouth on Generation Z's interest in Islamic banking.

Design/methodology/approach: The research employs a total sampling method with 107 respondents. Data was gathered through questionnaires using a Likert scale and analyzed using SPSS version 25.

Findings: The findings indicate that Islamic financial literacy does not significantly impact interest. Meanwhile, digital marketing, brand image, and word of mouth have a positive and significant influence on interest.

Theoretical Contribution/Originality: This research provides new insights into the factors influencing interest in Islamic banking, particularly among Generation Z.

Research limitation and implication: Limitations of this study include the small sample size and the poorly distributed respondents, suggesting that future research should include more respondents and a more evenly distributed sample.

Keywords: Sharia Financial Literacy, Digital Marketing, Brand Image, Word of Mouth, Interest, Generation Z, Sharia Banking.

Challenges and Opportunities in the Development of Hybrid Contracts in Islamic Banking: A Shariah Compliance Perspective

2025-12-03T16:08:07+07:00

Purpose : Purpose: This research aims to explore the application of hybrid contracts in Islamic banking products as a response to the complex financial transaction needs of contemporary society, as well as to identify the obstacles and solutions in their implementation to ensure compliance with Shariah principles.

Design/methodology/approach: This research employs a qualitative approach, analyzing regulations, fatwas from DSN-MUI, and operational practices within the Islamic banking industry, alongside interviews with industry practitioners to elucidate the challenges and potential for the development of hybrid contract-based products.

Findings: The research results indicate that hybrid contracts possess significant potential to foster product innovation and expand access to Islamic finance. However, their implementation is hindered by issues of Sharia compliance, insufficient technical regulations, operational complexity, and varying interpretations among financial institutions.

Theoretical Contribution/Originality: This research contributes theoretically by integrating the concept of Maqasid al-Shariah into the development of hybrid contracts, emphasizing the necessity of alignment among fatwas, regulations, and the capacities of industry players as a foundation for the development of adaptive and competitive Islamic banking products.

Research limitation and implication: The limitations of this study are its geographical focus on Indonesia and the restricted interview sample. Consequently, there is a need for the development of standard operational guidelines by DSN-MUI and OJK, the strengthening of the Sharia Supervisory Board, and the enhancement of public literacy to support the understanding and acceptance of hybrid contract-based products in the future.

Keywords: Hybrid Contracts; Islamic Banking; Product Innovation; Sharia Compliance; DSN-MUI regulation