Perisai : Islamic Banking and Finance Journal <p><strong>PERISAI (Jurnal Perbankan Syariah dan Keuangan Islam)</strong> adalah jurnal peer-review dan akses terbuka nasional yang telah terakreditasi Sinta 3 dengan scope bidang Perbankan Syariah dan Keuangan Islam mencakup berbagai bentuk studi Islam antara lain: Ekonomi Islam, Perbankan Syariah, Keuangan Islam, Fintech Syariah, Manajerial Zakat, Infaq, Shadaqah dan Wakaf serta perkembangan bisnis Islam yang terkini. PERISAI diterbitkan oleh Universitas Muhammadiyah Sidoarjo dua kali setahun pada bulan April dan Oktober.</p> <p><strong>If you have trouble submitting the manuscripts. Feel free to contact</strong></p> <table class="data" style="height: 304px;" width="700" bgcolor="#ced6e0"> <tbody> <tr valign="top"> <td width="20%"><strong>Accredited</strong></td> <td width="80%"><strong><a title="accreditation certificate" href="" target="_blank" rel="noopener">"S4" by the Ministry of Research-Technology and Higher Education Republic of Indonesia</a></strong></td> </tr> <tr valign="top"> <td width="20%"><strong>Abbreviation</strong></td> <td width="80%"><strong>Perisai : Islamic Banking and Finance Journal</strong></td> </tr> <tr valign="top"> <td width="20%"><strong>DOI</strong></td> <td width="80%"><strong><a href="" target="_blank" rel="noopener">prefix 10.21070&nbsp;</a><a href="" target="_blank" rel="noopener">by&nbsp;</a><a href="" target="_blank" rel="noopener"><img src="" alt="Crossref logo" width="75" height="18"></a></strong></td> </tr> <tr valign="top"> <td width="20%"><strong>Citation Analysis</strong></td> <td width="80%"><strong><a title="Scopus" href="" target="_blank" rel="noopener">SCOPUS</a>&nbsp;| Web of Science |<a title="Google Scholar" href=";user=XWJzjpkAAAAJ&amp;view_op=list_works&amp;gmla=AJsN-F5bYW3IUo-6cAApuR_H6mX7gImmst84ENE48MGlw8r3Of9wIk3yxhfempLzrd1-BR_XHuNA_mDRoNpEfwJPqzpuMa_-Sg" target="_blank" rel="noopener">Google Scholar</a></strong></td> </tr> <tr valign="top"> <td width="20%"><strong>Index Services</strong></td> <td width="80%"><strong><a title="DOAJ" href="" target="_blank" rel="noopener">DOAJ</a>&nbsp;|&nbsp;<a title="Google Scholar" href=";user=XWJzjpkAAAAJ&amp;view_op=list_works&amp;gmla=AJsN-F5bYW3IUo-6cAApuR_H6mX7gImmst84ENE48MGlw8r3Of9wIk3yxhfempLzrd1-BR_XHuNA_mDRoNpEfwJPqzpuMa_-Sg" target="_blank" rel="noopener">Google Scholar</a>&nbsp;|&nbsp;<a title="Microsoft Academic Search" href="" target="_blank" rel="noopener">Microsoft Academic Search</a>&nbsp;|&nbsp;<a title="Complete List" href="" target="_blank" rel="noopener">Complete List</a></strong></td> </tr> <tr valign="top"> <td width="20%"><strong>ISSN (online)</strong></td> <td width="80%"><strong><a title="ISSN (online)" href="" target="_blank" rel="noopener">2503-3077</a></strong></td> </tr> <tr valign="top"> <td width="20%"><strong>Publisher</strong></td> <td width="80%"><strong><a title="Publisher" href="" target="_blank" rel="noopener">Universitas Muhammadiyah Sidoarjo</a></strong></td> </tr> <tr valign="top"> <td width="20%"><strong>Editor in Chief</strong></td> <td width="80%"><strong><a title="Editor in Chief" href=";view=overview" target="_blank" rel="noopener">Fitri Nur Latifah</a></strong></td> </tr> <tr valign="top"> <td width="20%"><strong>Managing Editor</strong></td> <td width="80%"><strong><a title="Managing Editor" href=";view=overview" target="_blank" rel="noopener">M. Ruslianor Maika</a></strong></td> </tr> <tr valign="top"> <td width="20%"><strong>Frequency</strong></td> <td width="80%"><strong>2 (two) issues per year (April and Oktober)</strong></td> </tr> </tbody> </table> en-US (Fitri Nur Latifah) (Pengembangan Publikasi Ilmiah) Mon, 01 Apr 2024 00:00:00 +0000 OJS 60 The Effect of Net Profit and Net Cash Flow on Market Capitalization (Case Study of Sharia Banking Companies at the Indonesia Stock Exchange 2019–2022 Period) <p>Capital market players or investors will consider several elements that can indicate the state of the company, such as examining financial reports from cash flow to profit and loss statements. In addition, the company's share price will ultimately be related to its market capitalization value. The profits obtained by investors will increase along with the increase in stock market capitalization, and the greater the appreciation, the higher the level of profit from an alternative investment. This study aims to determine the effect of net income and net cash flow on market capitalization. Secondary data in the form of Sharia Banking quarterly financial reports that have been listed on the Indonesia Stock Exchange (IDX) for 2019-2022 is the source of the data. Three samples for this research sample were obtained, namely Bank Panin Dubai Syariah (PNBS), Sharia National Pension Savings Bank (BTPS), and Bank Syariah Indonesia (BSI). Panel data regression analysis with the Eviews 12 program was used in this study. The results show that partially net income has a negative and insignificant impact while net cash flow has a positive and significant impact on market capitalization. Meanwhile, market capitalization is simultaneously influenced by net profit and net cash flow variables.</p> Ananda Putri Aulia Zahra, Haqiqi Rafsanjani, Arin Setiyowati Copyright (c) 2024 Ananda Putri Aulia Zahra, Haqiqi Rafsanjani, Arin Setiyowati Sat, 13 Apr 2024 00:00:00 +0000 Flexing as a Marketing Strategy: A Perspective from Islamic Economic Law <p>This research aims to analyze flexing in marketing from the perspective of Shariah economic law. The phenomenon of flexing, as a common marketing strategy, has recently become prevalent, particularly on social media. However, the current development of flexing presents several issues as it tends to disregard Shariah concepts, thereby potentially harming consumers. This study is a literature review that utilizes primary sources, such as interpretations by Yusuf Qardhawi and economist Reynal Kasali through YouTube channels, as well as secondary sources, including the phenomenon of flexing on social media. The findings of this research indicate that flexing can support marketing activities but tends to have negative impacts on society. Therefore, Islamic business practitioners are advised against employing flexing as a marketing tool, as it violates Shariah principles, such as avoiding defamation, arrogance, ostentation, extravagance, and hypocrisy.</p> Siti Sa'diyah, Rizka Rizka, Imron Rosyadi Copyright (c) Sat, 13 Apr 2024 00:00:00 +0000 Program Innovation in the National Amil Zakat Management System: A Step Towards Enhancing the Welfare of Mustahik <p>The continued development of the ZIS management system which gave birth to new programs which are the result of the program innovations of each amil zakat institution is expected to be able to improve the welfare of mustahik in various fields. This study aims to find out the collection, distribution, utilization and reporting of zakat, infaq, alms (ZIS) funds at BAZNAS Tulungagung and NU Care-LAZISNU Tulungagung. This research method is qualitative with descriptive research type, data collection techniques with in-depth interviews, moderate participation observation and documentation, data analysis model of Miles and Huberman. Checking the validity of the data by extending observations, increasing persistence, triangulation and member checks. The results of this study are 1) collection at BAZNAS Tulungagung through UPZ, Bank Transfers, Counters/counters, by conducting outreach to agencies and social media Instagram Facebook and YouTube while NU Care- LAZISNU Tulungagung through the MWC, Twigs and congregation, bank transfers, zakat car, with socialization to congregations, and social media Instagram Facebook and WhatsApp groups. 2) Distribution of BAZNAS Tulungagung through education compensation programs, medicine for Islamic boarding schools, mass circumcision, house renovations, and Zakat Community Development (ZCD) for tourist villages while NU Care- LAZISNU Tulungagung through education care programs, free medical treatment, disaster response, mosque construction, programs wholesale. 3) Utilization of BAZNAS Tulungagung through a basic food distribution program for orphans totaling 1500 pcs each year, One Family One Bachelor scholarship (SKSS) at 4 universities in Tulungagung for underprivileged families, "fertile goat" farms of 50 goats in the area village of Besole, business capital for etek traders is 1 million rupiah, while NU Care-LAZISNU Tulungagung through the staple rice program for the poor, 550 free eyeglasses for mustahik in the education sector, 140 "integrated goat" farms in the village area pakisaji, business capital for small businesses or wholesalers of 2 million rupiah. 4) BAZNAS Tulungagung reporting through the BAZNAS Information Management System (SIMBA) and Instagram social media and the official website while NU Care-LAZISNU Tulungagung submits reports to BAZNAS Tulungagung, People's Welfare, Ministry of Religion and social media Instagram and Facebook and WhatsApp groups.</p> Muhammad Fakrur Rozi, Mashudi, Qomarul Huda Copyright (c) 2024 Muhammad Fakrur Rozi, Mashudi, Qomarul Huda Sat, 13 Apr 2024 00:00:00 +0000 The Implementation Of PSAK No. 109 On The Accounting Of ZIS Institutions In Indonesia <p>Artikel ini membahas tentang implementasi PSAK 109 pada lembaga ZIS di Indonesia. Zakat merupakan salah satu ibadah penting dalam Islam, dan dapat menjadi pilar utama dalam menegakkan keadilan pada kehidupan bermasyarakat serta meningkatkan kesejahteraan umat. Jika dilihat secara demografis mayoritas penduduk Indonesia adalah beragama Islam, hal tersebut menjadikan potensi penghimpunan dana zakat juga akan besar. Secara realita menunjukkan bahwa potensi zakat yang besar dapat diterapkan sesuai harapan terlebih dengan adanya PSAK 109 yang membantu mempermudah dalam pencatatan dana zakat, infak, dan sedekah.&nbsp; Adanya PSAK 109 diharapkan pencatatan dan pelaporan zakat oleh Lembaga ZIS Indonesia akan menjadi seragam <em>(uniformity)</em> dan dapat dibandingkan <em>(comparability).</em> PSAK No. 109 ini diterbitkan oleh Ikatan Akuntan Indonesia (IAI) pada tahun 2010 dengan tujuan untuk mengatur tentang pengakuan, pengukuran, penyajian dan pengungkapan transaksi zakat dan infak/sedekah yang berlaku bagi lembaga Zakat, Infak, dan Sedekah yang bertugas untuk menghimpun serta menyalurkan zakat dan infak/sedekah. Tujuan dari penelitian ini adalah untuk mengetahui bagaimana implementasi PSAK 109 pada lembaga ZIS di Indonesia dan hambatan apa yang timbul dalam implementasi PSAK 109 pada lembaga ZIS di Indonesia. Penelitian ini menggunakan pendeketan kualitatif dengan menggunakan jenis penelitian studi pustaka <em>(library research).</em> Hasilnya, ada lembaga ZIS yang sudah menerapkan PSAK 109, ada yang telah menerapkan PSAK 109 namun belum sepenuhnya, ada lembaga yang belum menerapkan PSAK 109. Hambatan yang terjadi karena kurangnya sumber daya manusia yang mumpuni di bidangnya dan sedikitnya pemasukan dari <em>muzakki.</em></p> Asiska Nur Abidah, Putri Hadiyanti Pratiwi, Ulil Albab, Binti Nur Asiyah Copyright (c) 2024 Asiska Nur Abidah, Putri Hadiyanti Pratiwi, Ulil Albab, Binti Nur Asiyah Mon, 01 Apr 2024 00:00:00 +0000 Sharia Governance Analysis on Microfinance Arrum BPKB at Branch Pegadaian Syariah Blauran Surabaya City <p>This study tried to see (1). How the Pegadaian Syariah Branch Blauran Surabaya City conductsmicrofinancing Arrum BPKB. (2). How the Sharia Pegadaian Branch Blauran Surabaya City implements Sharia Governance in Arrum BPKB microfinancing . This type of research combines qualitative methodology with field research. Interviews, observations, recordings, note-taking, and documentation are used to collect data. The informants in this study are leaders, micro staff and microfinance customers. The research findings show, (1). The practiceof microfinancing Arrum BPKB at Pegadaian Syariah Branch Blauran <strong>is</strong> line with guidelines fatwa number 25/DSN-MUI/III/2002 concerning Rahn, and fatwa nomor 68/DSN-MUI/III/2008 concerning Rahn Tasjily. Meanwhile, microfinance using Arrum BPKB is carried out using two contracts, namely: the Rahn contract as a contract to hold marhun and Ijarah as a contract to obtain rental fees for marhun savings services. There are three mechanisms in financing Arrum BPKB including, a. Stages of applying for financing, b. Stages of financing decisions, c. Stages after financing. (2) . Arrum BPKB at Pegadaian Syariah Branch Blauran financing starts from the stages of applying for financing, financing decisions and after financing there is conformity with Sharia Governance which consists of five principles, namely: the principle of transparency, the principle of accountability, the principle of responsibility, the principle of independence and the principle of justice.</p> <p><strong>Keywords: </strong><strong>Sharia governance, </strong><strong>Microfinance</strong><strong>, </strong><strong>Arrum BPKB, and Sharia Pawnshop.</strong></p> Japri Yusrifal Warang, Mustofa Mustofa, Iskandar Ritonga Copyright (c) 2024 Japri Yusrifal Warang, Mustofa Mustofa, Iskandar Ritonga Mon, 01 Apr 2024 00:00:00 +0000 Enhancing Fundraising with Digital Transaction in Indonesia: A Systematic Literature Review (SLR) <p>This research uses the Systematic Literature Review (SLR) method to investigate the optimization of collecting Zakat, Infaq and Sadaqah funds through digital transactions. The data analysis process uses the PRISMA diagram and includes the stages of identification, search, selection, data collection and analysis. From three main sources, researchers collected 20 references, consisting of theses and journals, which were analyzed to identify findings related to collecting ZIS funds with digital transactions in Indonesia. The results reflect the digitalization trend, where zakat institutions are increasingly using information technology to increase efficiency, accessibility and transparency in the process of collecting ZIS funds. This trend involves utilizing mobile applications, QRIS, and digital platforms, enabling faster and more efficient fund collection. Other benefits include ease of access, increased transparency, and more effective involvement of muzakki. Using digital technology also enables data analysis, better fund management and the development of sustainable business models. The COVID-19 pandemic has triggered new strategies in collecting ZIS funds, with zakat institutions turning to social media and digital platforms as alternatives to raise funds. Online payment services with mobile QR Codes are key in maintaining the continuity of ZIS fund collection amidst physical restrictions. Socialization efforts, easy access, and partnerships with various parties are the main strategies for zakat institutions to remain relevant and effective in facing the challenges of the pandemic. This research focuses on the central role of digitalization in increasing the efficiency and effectiveness of collecting ZIS funds, such as paying attention to social changes, namely the COVID-19 pandemic. By using digital technology, zakat institutions can continue to innovate and meet the needs of muzakki, so that they continue to play their role in helping people in need.</p> Devi Herlinda Safitri, Dzikrulloh Dzikrulloh Copyright (c) 2024 Devi Herlinda Safitri, Dzikrulloh Dzikrulloh Mon, 01 Apr 2024 00:00:00 +0000 The Role of People's Business Credit (Kur Syariah) on he Turnover of Micro, Small and Medium Enterprises (MSMEs) Customers of PT Pegadaian Syariah in Sampang Regency <p>KUR sharia is one of the products offered by Pegadaian Syariah to help micro, small and medium enterprises (MSMEs) develop their businesses using sharia principles. The aim of the research is to analyze the differences in MSME turnover in Sampang Regency before and after receiving sharia KUR financing. This research was carried out from December 2023 to January 2024. The number of samples used was 59 respondents. This research uses comparative quantitative research methods. The data collection and analysis method is through primary data in the form of distributing questionnaires. The data analysis technique used in this research is purposive sampling. The research results show that KUR Syariah financing has a significant influence on the turnover of Micro, Small and Medium Enterprises (MSMEs) in Kab. Lacquer. This is reinforced by the results of data analysis using the paired sample t-test and simple linear regression test, namely the significant value is 0.000 &lt; 0.05 so it can be concluded that after obtaining KUR Syariah financing there has been a significant increase.</p> Erikawati Erikawati, Elfira Maya Adiba Copyright (c) 2024 Erikawati Erikawati, Elfira Maya Adiba Wed, 17 Apr 2024 00:00:00 +0000