The purpose of this paper is to analyze the implementation of Sharīʿah values in Islamic banks operating in Indonesia. The research uses survey data taken from 240 respondents from types of Islamic banks operating in Indonesia. These consist of three full-fledged Islamic banks namely,...

This study was aimed to identify the level of objective wellbeing of the productive zakat recipients in Baitul Mal Aceh Indonesia. A descriptive quantitative approach using an average score to measure the level of objective wellbeing was carried out. A total of 498 productive zakat recipients...

Market discipline has been well recognized as effective means for preventing excessive business risk taking. Nevertheless, as the nature of investment in Islamic Finance may not meet the required characteristics, the ability of market discipline to work in its particular instrument market still...

Objective: The objective of the article is to empirically explore the effects of actual, expected, and unexpected inflation on conventional and Islamic stock markets in Indonesia. Research Design & Methods: In the first stage, an auto-regressive integrated moving average (ARIMA) model is...

The aim of this paper is to examine the demand factors for microfinance services in Indonesia consisting of the understandings, perceptions and preferences of 581 micro finance institutions (MFIs) clients of four MFIs— two Islamic (BMT and BPRS) and two conventional (BRI and BPR). The results...