V o l. V II (1) Jan u ary 2015 Jo u rn al o f I sl a m ic E co n o m ic s Published by Syarif Hidayatullah State Islamic University Jakarta and The Indonesian Association of Islamic Economist Faculty of Shariah and Law Jo u rn al o f Isla m ic Eco n o m ics A L -IQ T ISH A D Al Iqtishad is a peer-reviewed journal published by Faculty of Shariah and Law Syarif Hidayatullah State Islamic University Jakarta in coorperation with The Indonesian Association of Islamic Economist. This journal focused on Islamic Economics and Finance studies. The journal is published twice a year on January and July. The aim of the journal is to disseminate the Islamic economics and finance researches done by researchers both from Indonesian and overseas. The journal is accredited by the Directorate General of Higher Education Ministry of National Education The Republic of Indonesia No. 040/P/2014 ISSN: 2087-135X E-ISSN: 2407-8654 VOL. VII (1) January 2015 ISSN: 2087-135X E-ISSN: 2407-8654 Mapping and Correlation Analysis of Efficiency and Profitability: The Case of Islamic Rural Bank Titi Dewi Warninda & M. Nadratuzzaman Hosen Evaluating The Models of Sharia Microfinance in Indonesia: Analytical Network Process Approach Euis Amalia & Mahmudah Atiqah The Role of Religious Norm on Selecting the Islamic Bank Hardius Usman A Developing Model of Relationship Between Service Quality, Customer Satisfaction, Loyalty, and Word of Mouth in Islamic Banking Suryani & Hendryadi Macroeconomic Variable and Its Influence on Performance of Indonesian Islamic Banking Yoghi Citra Pratama Factors That Influenced People to Become Islamic Bank Customer: a Study on Kancana Villagers Indah Mulia Sari, Hendro Wibowo, & Edy Suprapto Construction of CIBEST Model As Measurement of Poverty and Welfare Indices From Islamic Perspective Irfan Syauqi Beik & Laily Dwi Arsyianti The Assesment of Inclusiveness Principle of Malaysian New Economic Model: Maqashid Syar'iyyah Perspective M. Sabri Haron, Riki Rahman & Bayu T Possumah The Impact of Spin-off Policy To The Profitability on Indonesian Islamic Banking Industry Abdul Hamid Measurement of Shariah Stock Performance Using Risk Adjusted Performance Zuhairan Y. Yunan & Mia Rahmasari AL-IQTISHAD Journal of Islamic Economics Volume VII (1) Januari 2015 The Journal is published by Faculty of Shariah and Law Syarif Hidayatullah State Islamic University Jakarta in coorporation with The Indonesian Association of Islamic Economist. This journal focused on Islamic Economics and Finance studies. The Journal is published twice a year on January and July. Editor in Chief M. Nur Rianto Al Arif Vice Editor Maman Rahman Hakim Sofyan Rizal A. Chairul Hadi Languange Editor Ummi Kultsum Layout and Typesetting Farhan Mustofa Secretariat Ahmad Sumedi Fitriadi Reviewer Muhammad Amin Suma (UIN Syarif Hidayatullah Jakarta) Fathurrahman Djamil (UIN Syarif Hidayatullah Jakarta) Amiur Nuruddin (IAIN Sumatera Utara) Didin Hafidudhin (Universitas Ibn Khaldun) Djoni Hartono (Universitas Indonesia) Ahmad Hidayat Buang (Universiti Malaya Malaysia) Margareth Gfrerer (DAAD, Germany) Ahmad Mujahiddin (UIN Suska Riau) Md. Sujimon (Kolej Pengajian Islam Johor Malaysia) Ashraf MD Hasyim (ISRA, Malaysia) Abdurrahman Haqqi (Universitas Islam Brunei) M. Hudaib (Adam Smith Business School, Glasgow Univ.UK) Editorial Office Faculty of Shariah and Law Syarif Hidayatullah State Islamic University Jakarta Jl. Ir. H. Juanda 95, Ciputat, South Tangerang, Banten -15412-. Phone (+6221) 74711537, Fax. (+6221) 7491821 Website: www.journal.uinjkt.ac.id; Email: editor.iqtishad@yahoo.com CONTENT 1 Mapping and Correlation Analysis of Efficiency and Profitability: The Case of Islamic Rural Bank Titi Dewi Warninda & M. Nadratuzzaman Hosen 13 Evaluating The Models of Sharia Microfinance in Indonesia: Analytical Network Process Approach Euis Amalia & Mahmudah Atiqah 31 The Role of Religious Norm on Selecting the Islamic Bank Hardius Usman 45 A Developing Model of Relationship Between Service Quality, Customer Satisfaction, Loyalty, and Word of Mouth in Islamic Banking Suryani & Hendryadi 59 Macroeconomic Variable and Its Influence on Performance of Indonesian Islamic Banking Yoghi Citra Pratama 73 Factors That Influenced People to Become Islamic Bank Customer: a Study on Kancana Villagers Indah Mulia Sari, Hendro Wibowo, & Edy Suprapto 87 Construction of CIBEST Model As Measurement of Poverty and Welfare Indices From Islamic Perspective Irfan Syauqi Beik & Laily Dwi Arsyianti 105 The Assesment of Inclusiveness Principle of Malaysian New Economic Model: Maqashid Syar’iyyah Perspective M. Sabri Haron, Riki Rahman & Bayu T Possumah 117 The Impact of Spin-off Policy To The Profitability on Indonesian Islamic Banking Industry Abdul Hamid 127 Measurement of Shariah Stock Performance Using Risk Adjusted Performance Zuhairan Y. Yunan & Mia Rahmasari iqtishad2015_merah 1: 2014 Merah Daftar Isi