THE IMPACT OF RISK AND REPUTATION ON FINANCIAL PERFORMANCE IN ISLAMIC BANKING: EVIDANCE FROM INDONESIA

This study aims to examine the impact of risk and reputation on financial performance. More specifically, we use financing risk, liquidity risk, reputation with rewards, and growth in profit-sharing based financing as our variable of interests. We also assign bank size as a control variable. Our data is analyzed using Generalized Least Square (GLS) regression. Islamic Commercial Banks listed in Sharia Banking Statistics (Statistik Perbankan Syariah - SPS) published by OJK in 2015−2019 are selected as our sample. We find that (1) financing risk has a negative effect on financial performance; and (2) both reputation with rewards and bank size have a positive effect on financial performance. However, liquidity risk and growth in profit-sharing based financing do not affect financial performance. Several research implications are the importance of risk mitigation, the importance to maintain the reputation of the Islamic bank’s stakeholders, and creating innovative funding and financing products.

THE ISLAMIC BASIC-VALUES OF SUSTAINABILITY IN THE MANAGEMENT OF WATER RESOURCES IN PASURUAN EAST JAVA

This study aims to analyze the Islamic basic-values of sustainability in water resource management in Sumberrejo Village, Purwosari Sub-district, Pasuruan Regency, East Java, Indonesia. It was designed as a case study. The research subjects were the village officials, water resource managers, and water resource user communities. The data were collected through active participation, interview, observation, and documentation. In the data interpretation stage, this research employed the descriptive analysis method. The results showed that the Islamic basic-valuesof sustainability carried out by the people of Sumberrejo Village were that water management was a form of worship or obedience to Allah, gratefulness, fair distribution, balance (mizan), and care.

PRODUCTIVE ZAKAT DISTRIBUTION MODEL IN BAZNAS OF WEST JAVA PROVINCE AND RUMAH ZAKAT OF BANDUNG

This study aimed at comparing the productive zakat distribution model of BAZNAS of West Java Province and Rumah Zakat, their constraints, and efforts conducted in optimizing productive zakat distribution. The study used comparative descriptive method. The results proposed that the productive zakat distribution model of BAZNAS was more varied than at Rumah Zakat’s. BAZNAS conducted traditional consumptive, creative consumptive, traditional productive, and creative productive model using the system of in kind, Al-Qardhul Hasan, and Mudharabah (Revolving Fund System). Meanwhile, there was only one program at Rumah Zakat, namely working capital program to MSMEs handed over directly to Mustahiq, including creative productive zakat distribution. The obstacles faced by BAZNAS was limitations of Mustahiq’s condition so that it took a long time to increase them to Muktafi and then Muzakki. Besides mindset and condition, Rumah Zakat faced capital and market obstacles. Mustahiq’s training and assistance programs were efforts made by these agencies.

UNRAVELING HAFAS FURQANI’S THOUGHT ABOUT THE METHODOLOGY OF ISLAMIC ECONOMICS

The methodology is important in developing Islamic economics. According to Hafas Furqani, the methodology is still general and has weaknesses, though several studies have classified it into several approaches. Therefore, this study aims to describe Hafas Furqani's thoughts regarding the methodology of Islamic economics in various journals. The method employed a literature review, primarily articles and books written by Hafas Furqani as well as another relevant sources. Subsequently, the results indicated that the development model of this methodology shows the process of preparing a structured economics building and birthing a theory derived from Islamic epistemology. Hafas Furqani stated that Islamic economics can become a new discipline, providing it has a clear subject matter, methodology to appraise theory, systematic accumulation of theory, and a well-organized body of knowledge.

SYMBOLIC INTERACTION: MARKETING PUBLIC RELATIONS IN PRIVATE ISLAMIC UNIVERSITY

Marketing Public Relations (Marketing PR) activities, this includes universities Marketing PR is a synergy between marketing activities and public relation strategy. This concept does not only market or sell product/service but also create, nurture and maintain the institution’s positive image. Bandung Islamic University (Unisba) is one of the private islamic universities implementing Marketing PR activities. The objective of this research is to acknowledge and to analyze: 1) The meaning of Marketing PR to Public Relations and Promotional Team, 2) The experience of Public Relations and Promotional Team in conducting the Marketing PR activities. This research uses qualitative research, constructivist paradigm with a phenomenology approach. The theory used is the symbolic interaction, sampling technique is conducted purposively. The result of this research explains that; based on the experience, Public Relations and promotional team must have managerial, public speaking and public relations capabilities in educating High School students.

ISLAMIC MONEY INSTEAD IMPLICATIONS BASED ON MACROECONOMIC AND SOCIAL VALUE VARIABLES IN INDONESIA

The purpose of this research is to find out the implications of Islamic Money Instead based on macroeconomic and social variables value in Indonesia. The used data is secondary data of 2010-2019 time series. The method of this research is using Vector Autoregressive and Vector Error Correction Model (VECM). E-views 9 program is used for processing data. The result of this research indicates that there are implications for a variety of Islamic Money Instead in Indonesia based on macroeconomic and social value variables in Indonesia on 1st model. GDP and inflation as macroeconomic variable have positive implication for Islamic Money Instead, meanwhile the exchange rate variable has negative implication on it. On 2nd model there are implications for Islamic Money Instead based on macroeconomic variable. GDP and inflation have positive implication and greater value than the 1st model. While the exchange rate has negative implication and has not a response for Islamic Money Instead shock. Furthermore, the 3rd model indicates that there is positive implication based on social value variable not only for zakat but also infaq shadaqah