Journal of Islamic Banking: Student Insight
Journal title : Journal of Islamic Banking: Student Insight Initials : JIBSI Frequency : 2 Issues per Year March and September DOI : Online ISSN : Editor in Chief : Farid Hidayat, SINTA ID : 6658024 Managing Editor : Mahfud Asyari, Scopus ID: 57747959400 : Alex Fahrur Riza, Scopus ID: 57216747312 Publisher : UIN Sunan Kalijaga, Yogyakarta, Indonesia Citation Analysis : Journal of Islamic Banking: Student Insights (JIBSI) is a scientific publication platform published by the Department of Islamic Banking, Faculty of Islamic Economics and Business, UIN Sunan Kalijaga, in collaboration with the Islamic Banking Study Program Student Association. JIBSI is expected to publish its inaugural edition in September 2025 and is scheduled for regular publication in two editions per year (March and September). The works published are research results, critical analyses, or literature reviews written by students. Student academic works are published to support the development of Islamic Banking, containing various articles resulting from empirical, theoretical, and practical studies. Focus and Scope: Islamic Banking Systems and Services Islamic Banking Management Islamic Banking Risk Management Islamic Banking Financial Management Islamic Banking Human Resource Management Islamic Banking Marketing Management Islamic Banking Ethics Islamic Banking Information Technology Islamic Banking Regulation, Policy, and Legal Aspects Sustainable Islamic Banking Organization Islamic Financial Literacy Topics related to Islamic Banking
Department of Islamic Banking, Faculty of Islamic Economics and Business, UIN Sunan Kalijaga
Integration of ECM-TAM in Influencing the Use of the BYOND by BSI Superapp
ABSTRACT Purpose: This study examines the determinants of continuance intention and actual use of the BYOND by BSI superapp among Generation Z in Yogyakarta by integrating the Expectation Confirmation Model (ECM) and Technology Acceptance Model (TAM). Design/methodology/approach: A quantitative approach was employed using survey data from Generation Z users. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) to test relationships among confirmation, perceived ease of use, perceived usefulness, satisfaction, continuance intention, and actual use. Findings: Confirmation significantly influences perceived usefulness and satisfaction. Perceived ease of use affects perceived usefulness but not continuance intention. Perceived usefulness positively affects satisfaction and continuance intention, although the latter is modest. Satisfaction is the strongest predictor of continuance intention, which in turn drives actual use. Theoretical Contribution/Originality: This study extends ECM and TAM in the context of Islamic banking superapps and identifies the diminishing role of perceived ease of use in post-adoption behavior. Research limitation and implication: The study is limited to Generation Z in Yogyakarta and selected ECM-TAM constructs. The findings highlight the importance of system reliability, performance stability, and user satisfaction in sustaining usage.
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Factors Affecting the Growth of Third-Party Funds (DPK) in Sharia Rural Banks in the Special Region of Yogyakarta
Purpose: This study aims to analyze the factors affecting the growth of third-party funds (DPK) in Sharia Rural Banks in the Special Region of Yogyakarta during the 2020–2024 period, focusing on inflation, regional gross domestic product (GRDP), profit-sharing rate, operational efficiency (BOPO), and profitability (ROA). Design/methodology/approach: This research uses a quantitative approach with panel data analysis. The sample consists of BPRS in Yogyakarta selected using purposive sampling. Secondary data were obtained from Otoritas Jasa Keuangan (OJK) and Badan Pusat Statistik (BPS). Data were analyzed using multiple regression analysis. Theoretical Contribution/Originality: The findings indicate that both external and internal factors influence DPK growth in BPRS. Inflation and GRDP represent macroeconomic factors, while profit-sharing rate, BOPO, and ROA reflect bank-specific factors that contribute to fluctuations in third-party fund growth. Research limitation and implication: This study is limited to BPRS in Yogyakarta during the 2020–2024 period and uses selected variables. The results may serve as a reference for BPRS management in formulating strategies to improve public fund mobilization and operational performance. Keywords: Third-party funds (DPK), inflation, GRDP, profit-sharing, BOPO, ROA, Sharia rural bank. JEL Classification: C23, E31, G21, R11
Copyright (c) 2026 Journal of Islamic Banking: Student Insight https://creativecommons.org/licenses/by-sa/4.0
The Effect of CAR, FDR, Board of Directors, Board of Commissioners, Sharia Supervisory Board, BOPO, and NPF on Return on Assets in Sharia Rural Bank in Indonesia in The Period 2020-2024
ABSTRACT Purpose: This research aims to analyze the effect of Capital Adequacy Ratio (CAR), Financing to Deposit Ratio (FDR), Board of Directors, Board of Commissioners, Sharia Supervisory Board, Operating Costs to Operating Income (BOPO), and Non-Performing Financing (NPF) on Return on Assets (ROA) in Sharia Rural Banks (BPRS) in Indonesia during the 2020-2024 period. Design/methodology/approach: This study employs a quantitative research approach using panel data obtained from 75 Islamic Rural Banks (BPRS) in Indonesia over the period 2020-2024. The data were analyzed using panel data regression with the Fixed Effect Model (FEM). Findings: The results indicate that CAR has a positive and significant effect on ROA. Meanwhile, BOPO, NPF, and the Board of Directors have a negative and significant effect on ROA. In contrast, FDR, the Board of Commissioners, and the Sharia Supervisory Board do not have a significant effect on ROA. Simultaneously, all independent variables significantly influence ROA. Theoretical Contribution/Originality: This research contributes to the literature on Islamic rural banking by integrating financial performance indicators and corporate governance variables within a panel data framework. It provides empirical evidence on how capital structure, liquidity management, operational efficiency, financing quality, and governance mechanisms collectively determine profitability in BPRS, particularly during the post-pandemic recovery period. Research limitation and implication: The limitation of this study lies in its focus on BPRS in Indonesia during the 2020-2024 period, which may limit generalization to other types of Islamic financial institutions. Additionally, the study only examines selected financial and governance variables. Therefore, future research is recommended to include broader macroeconomic variables and longer observation periods. For practical implications, BPRS management should strengthen capital management, improve operational efficiency, control financing risk, and enhance governance effectiveness to improve profitability performance. Keywords: Return on Assets, BPRS, Profitability, Fixed Effect Model
The Influence of Emotional Intelligence and Organizational Commitment on Employee Performance with Job Satisfaction as a Mediating Variable: A Study at Bank Syariah Indonesia Mataram Hasanudin Branch
ABSTRACT Purpose : This study aims to examine the effect of Emotional Intelligence and Organizational Commitment on Employee Performance, with Job Satisfaction as a mediating variable, at BSI Mataram Branch. Design/methodology/approach: A quantitative approach was employed using survey data collected from 40 employees. The data were analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS) with SmartPLS software to test direct and indirect relationships among variables. Findings: The results indicate that Organizational Commitment has a positive and significant effect on Employee Performance, while Emotional Intelligence does not significantly affect performance directly. Emotional Intelligence and Organizational Commitment both significantly influence Job Satisfaction. However, Job Satisfaction does not significantly affect Employee Performance and does not mediate the relationships between Emotional Intelligence and performance nor between Organizational Commitment and performance. Theoretical Contribution/Originality: This study contributes to the ongoing debate regarding the satisfaction–performance relationship by demonstrating that, in a highly standardized Islamic banking environment, Organizational Commitment plays a more dominant role in driving performance than Emotional Intelligence or Job Satisfaction. Research limitation and implication: The study is limited by a small sample size and a single-branch focus. Practically, management should prioritize strengthening organizational commitment while positioning emotional intelligence development as a tool for enhancing service quality and employee well-being rather than direct productivity. Keywords: Emotional Intelligence, Organizational Commitment, Job Satisfaction, Employee Performance, Islamic Banking JEL Classification: M12, M19, D23
The Influence of Leadership, Work Environment, and Compensation on Employee Loyalty in Islamic Banking in Brebes and Tegal
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.
Copyright (c) 2025 Journal of Islamic Banking: Student Insight https://creativecommons.org/licenses/by-sa/4.0
THE EFFECT OF LIQUIDITY, PROFITABILITY, AND CAPITAL ADEQUACY ON THE FINANCIAL STABILITY OF ISLAMIC COMMERCIAL BANKS IN INDONESIA FOR THE 2021–2024 PERIOD
Purpose : The purpose of this study is to examine how liquidity, profitability, and capital sufficiency affect the financial stability of Indonesia's Islamic Commercial Banks (Bank Umum Syariah) between 2021 and 2024.. Design/methodology/approach: Panel data regression analysis is used in this study's quantitative methodology. Eleven Islamic Commercial Banks were chosen for the sample using purposive sampling, yielding 176 quarterly observations between 2021 and 2024. Financial stability is proxied by the z-score. Liquidity is measured using the Financing to Deposit Ratio (FDR), profitability using Return on Assets (ROA), and capital adequacy using the Capital Adequacy Ratio (CAR). The analysis includes classical assumption tests, t-tests, and F-tests. Findings: The findings show that the financial stability of Islamic commercial banks is significantly impacted by liquidity, profitability, and capital sufficiency all at the same time. Partially, liquidity (FDR), profitability (ROA), and capital adequacy (CAR) each have a positive and significant effect on financial stability, implying that better internal financial performance enhances bank resilience. Theoretical Contribution/Originality: This study contributes to the literature by examining post-pandemic conditions (2021–2024) using quarterly panel data, providing a more comprehensive analysis of internal determinants of financial stability in Islamic banking.. Research limitation and implication: The study focuses only on internal financial indicators and Islamic Commercial Banks in Indonesia, suggesting future research may incorporate external macroeconomic variables. Keywords: Liquidity, Profitability, Capital Adequacy, Financial Stability, Islamic Commercial Banks, Z-score JEL Classification: G21, G32, C23
DETERMINANTS OF THE Z-SCORE MODEL IN PREDICTING FINANCIAL DISTRESS USING THE RGEC COMPONENT (EMPIRICAL STUDY OF ISLAMIC COMMERCIAL BANKS IN INDONESIA FROM 2012 TO 2023)
Purpose: The purpose of this study is to examine the effect of RGEC components, as proxied by the variables NPF, FDR, GCG, ROA, and CAR, on the financial distress of Islamic commercial banks during the period 2012-2023 using the Z-score method. Design/methodology/approach: The type of data used is quantitative data collected using purposive sampling techniques with balanced panel data regression analysis, classical assumption tests, T-tests, and F-tests. The sample in this study consisted of seven Islamic commercial banks in Indonesia for the period 2012–2023, with a total of 84 data points. Findings: The results of this study indicate that simultaneously, all independent variables have an effect on financial distress. Meanwhile, partially, the results show that the CAR variable has a significant positive effect on financial distress, the GCG variable has a significant negative effect on financial distress, while the NPF, FDR, and ROA variables have no effect on financial distress. Theoretical Contribution/Originality: This study provides a theoretical contribution by integrating RGEC components and the Z-score method of Čihák and Hesse (2010) in predicting financial distress in Islamic Commercial Banks in Indonesia for the period 2012–2023. The uniqueness of this study lies in the use of a Z-score model that is more relevant to the banking sector and a long observation period. Research limitation and implication: This study is limited by the relatively small sample size and the use of secondary data. The implication is that the results of this study emphasize the importance of strengthening corporate governance and capital adequacy as measures to prevent financial distress and can be taken into consideration by Islamic banking management and regulators. Keywords: Financial Distress, RGEC, Z-Score, Islamic Commercial Banks, Bank Health, Banking Risk
The Influence of Sharia Financial Literacy, Digital Marketing, Brand Image, and Word of Mouth on Generation Z'S Interest in Islamic Banking
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.
Sharia Financial Literacy, Digital Marketing, Brand Image, Word of Mouth, Interest, Generation Z, Islamic Banking.
Challenges and Opportunities in the Development of Hybrid Contracts in Islamic Banking: A Shariah Compliance Perspective
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
Antecedents of Switching Intention from Conventional Bank Customers to Bank Jago Syariah
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 Training, Compensation, and Human Relations on Employees’ Work Ethic: A Case Study at Baitul Maal wat Tamwil Bina Ihsanul Fikri, Special Region of Yogyakarta
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.
Maqashid Shariah as a Performance Measure in Islamic Banks: An Empirical Study of Financial Indicators in Indonesia
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