ABOUT AUTHORS Abdulla Hamzah Al-Hadrami is lecturer at University College of Bahrain. His research interests include Islamic banking and finance studies Abdurrahman Raden Aji Haqqi is senior lecturer and Deputy Director of the Centre for Research and Publications at Universiti Sultan Sharif Ali, Brunei Darussalam. Ahmad Rodoni is the lecturer at State Islamic University (UIN) Syarif Hidayatullah Jakarta. He also as a researcher on Islamic Management Studies. Ali Rama is the lecturer at State Islamic University (UIN) Syarif Hidayatullah Jakarta. He also as a researcher on Islamic Economics Studies. Anton Bawono is lecturer from Faculty of Islamic economics and business IAIN Salatiga. Also as researcher on Islamic economics studies. Desmadi Saharuddin is the lecturer at State Islamic University (UIN) Syarif Hidayatullah Jakarta. He also as a researcher on Islamic Economics Studies. Euis Amalia is the lecturer at State Islamic University (UIN) Syarif Hidayatullah Jakarta. He also as a researcher on Islamic Economics Studies. Hamdan Yuafi is lecturer from Faculty of Islamic economics and business IAIN Salatiga. Also as researcher on Islamic economics studies. Idqan Fahmi is lecturer at Bogor Agricultural University. Also as a researcher on Islamic economics, banking, and finance studies. Irfan Syauqi Beik is lecturer at Bogor Agricultural University. Also as a researcher on Islamic banking studies Kharisya Ayu Effendi is lecturer at Universitas Widyatama. Also as a researcher on Management studies M. Arskal Salim is the lecturer at State Islamic University (UIN) Syarif Hidayatullah Jakarta. He also as a researcher on Islamic Law Studies M Ashraf Al Haq is a Ph.D students at Islamic Business School, Universiti Utara Malaysia. He also as a researcher on Islamic Economic Studies. Ma’ruf Amin is a lecturer from State Islamic University (UIN) Maulana Malik Ibrahim Malang. He also as chairman of Indonesian Ulema Council. Mohamed Isa Al-Sharbiti is lecturer at University College of Bahrain. His research interests include Islamic banking and finance studies. Muhammad Umar Mai is lecturer at Politeknik Negeri Bandung. He also as researcher on Management studies. Nor Azlina binti Abd Wahab is a senior lecture at Islamic Business School, Universiti Utara Malaysia. She also as a researcher on Islamic Economic Studies. Rezki Syahri Rakhmadi is the lecturer at State Islamic University (UIN) Syarif Hidayatullah Jakarta. He also as a researcher on Islamic Economics Studies. Rose Abdullah is senior lecturer and Director of the Centre for Research and Publications at Universiti Sultan Sharif Ali, Brunei Darussalam. Ruhadi is lecturer at Politeknik Negeri Bandung. He also as researcher on Management studies. Sofyan Baehaqie is graduate student at Bogor Agricultural University. Also as a researcher on Islamic banking studies. Sutan Emir Hidayat is lecturer at University College of Bahrain. His research interests include Islamic banking studies. Vol. 9 (1) January 2017 No Name Title Note 1 Teguh Budiman, Farida Titik Kristanti, Wardhana Islamic Capital Listed in Financial Market: Risk, Governance, Earning, and Capital Lecturer and Researcher at Faculty of Economics and Business Universitas Padjajaran. 2 Dimas Bagus Wiranatakusuma, Jarita Duasa Building an Early Warning Towards The Resilience of Islamic Banking in Indonesia Lecturer of Universitas Muhammadiyah Yogyakarta, and Lecturer at International Islamic University of Malaysia. 3 Yee Loon Mun, Hasanuddin Mohd Thas Thaker Asset Liability Management of Conventional and Islamic Banks in Malaysia Lecturer and Researcher of HELP University. 4 Ismawati Haribowo The Indonesian Islamic Bank’s Spin-off: A Study in Regional Development Banks Lecture of State Islamic University Syarif Hidayatullah Jakarta. Also as a researcher on Islamic Accounting Studies 5 Uun Sunarsih, Ferdiansyah Determinants of The Islamic Social Reporting Disclosure Lecture of School of Economics of Indonesia (STEI). Also as a researcher on Accounting Studies 6 Estu Widarwati, Nur Choirul Afif, Muhamad Zazim Strategic Approach for Optimizing of Zakah Institution Performance: Customer Relationship Management Lecturer of STIE Sutaatmadja Subang, Jenderal Soedirman University, and Al-Mu’min Islamic College. 7 Aldrin Herwany, Erie Febrian, Imam Buchari Greece Financial Crises and Sukuk Markets: Experience From Gulf Countries Lecturer of Universitas Padjajaran and University College of Bahrain. 8 Nurul Hilmiyah, Bayu Taufiq Possumah, Muhammad Hakimi Mohd Shafiai Tawhidic Based Economic System: A Preliminary Conception Doctoral student at Universiti Kebangsaan Malaysia, Lecturer at Tazkia University College of Islamic Economics, and Lecturer of Universiti Kebangsaan Malaysia ARTICLES & AUTHORS 9 Muniaty Aisyah Consumer Demand on Halal Cosmetics and Personal Care Products in Indonesia Lecture of State Islamic University Syarif Hidayatullah Jakarta. Also as a researcher on marketing management Studies 10 Ahmad Hudaifah, Shochrul Rohmatul Ajija A Comparative Study in Poverty Alleviation Between Moslem and Non Moslem Populated Countries Lecture of Lecturer at Universitas Semen Indonesia and Airlangga University. Vol. 9 (2), July 2017 No Name Title Note 1 Abdulla Hamzah Al Hadrami, Sutan Emir Hidayat, Mohamed Isa Al- Sharbiti The Important Selection Criteria in Choosing Islamic Banks: A Survey in Bahrai Lecturer of University College of Bahrain. Also as a researcher in Islamic finance studies 2 Hamdan Yuafi, Anton Bawono Islamic Banking Existence and Domestic Credit: Study at Seven Countries Lecture of IAIN Salatiga. Also as a researcher on Islamic Economics and Finance Studies 3 Kharisya Ayu Effendi Risk of Debt-Based Financing in Indonesian Islamic Banking Lecture of Universitas Widyatama. Also as a researcher on Islamic Economics and Finance Studies 4 Sofyan Baehaqi, Idqan Fahmi, Irfan Syauqi Beik Determining Factors of Deposit Level of Islamic Banks in Indonesia Lecturer at Bogor Agricultural University. Also as a researcher in Islamic Banking studies 5 Ahmad Rodoni, M. Arskal Salim, Euis Amalia, Rezki Syahri Rakhmadi Comparing Efficiency and Productivity in Islamic Banking: Case Study in Indonesia, Malaysia, and Pakistan Lecture of State Islamic University (UIN) Syarif Hidayatullah Jakarta. Also as a researcher on Islamic Finance Studies 6 Rose Abdullah, A b d u r r a h m a n Raden Aji Haqqi Zakat for Asnaf Al- Gharimun in Brunei Darussalam: Concepts and Practice Lecturer and researcher at Universiti Islam Sultan Sharif Ali Brunei Darussalam 7 M Ashraf Al Haq, Norazlina Binti Abd Wahab Effective Zakat Distribution: Highlighting Few Issues and Gaps in Kedah, Malaysia Lecturer and researcher at Universiti Utara Malaysia. 8 Desmadi Saharuddin, Ali Rama Currency System and It’s Impact on Economic Stability Lecturer at UIN Syarif Hidayatullah Jakarta. Researcher on Islamic Economics Studies 9 Ruhadi, Muhammad Umar Kai Bankruptcy Model Analysis: Comparative Studies Between Sharia and Non Sharia Manufacturing Companies Lecturer of Politeknik Negeri Bandung. Also as a researcher on Economics and Finance Studies 10 Ma’ruf Amin Fatwa and The Development of Islamic Financial Industry: A Lesson From Indonesia Lecture of State Islamic University (UIN) Maulana Malik Ibrahim Malang. 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(When there is more than one author, only the first author that sign this copyright) ACKNOWLEDGMENT TO REVIEWERS IN THIS ISSUE Contribution from the following Reviewers in this volume was very appreciated for their valuable review comments: Ahmad Tholabi (UIN Syarif Hidayatullah Jakarta-Indonesia) Asep Saepudin Jahar (UIN Syarif Hidayatullah Jakarta-Indonesia) Ashraf Md Hashim (ISRA – Malaysia) Atiquzzafar Khan (International Islamic University Islamabad –Pakistan) Bayu Taufiq Posumah (Universiti Malaysia Trengganu -Malaysia) Hendri Tanjung (University of Ibn Khaldun –Indonesia) M Amir Kia (Utah Valley University - USA) M. Nadratuzaman Hosen (UIN Syarif Hidayatullah Jakarta-Indonesia) M. Kabir Hassan (University of New Orleans –USA) Mehmet Asutay (Durham University Business School –UK) Mustafa E Nasution (University of Indonesia –Indonesia) Mohammad Hudaib (Adam Smith Business School, Glasgow Univ., UK) Mokhamad Anwar (Universitas Padjajaran –Indonesia) Monzer Khaf (Qatar Faculty of Islamic Studies, Qatar) Muhammad Iqbal Anjum (International Islamic University Islamabad –Pakistan) Ratno Purnomo (University of General Soedirman –Indonesia) Roszaini Haniffa (Heriot Watt University, United Kingdom) Unggul Purwohedi (Universitas Negeri Jakarta –Indonesia) AUTHORS INDEX Abdulla Hamzah Al-Hadrami Abdurrahman Raden Aji Haqqi Ahmad Hudaifah Ahmad Rodoni Aldrin Herwany Ali Rama Anton Bawono Bayu Taufiq Possumah Desmadi Saharuddin Dimas Bagus Wiranatakusuma Erie Febrian Estu Widarwati Euis Amalia Farida Titik Kristanti Ferdiansyah Hamdan Yuafi Idqan Fahmi Imam Buchari Irfan Syauqi Beik Ismawati Haribowo Jarita Duasa Kharisya Ayu Effendi Hasanuddin Mohd M Ashraf Al Haq M. Arskal Salim Ma’ruf Amin Mohamed Isa Al-Sharbiti Muhammad Zazim Muhammad Hakimi Mohd Shafiai Muhammad Umar Mai Muniaty Aisyah Norazlina Binti Abd Wahab Nur Choirul Afif Nurul Hilmiyah Rose Abdullah Ruhadi Scochrul Rohmatul Ajija Sofyan Baehaqi Sutan Emir Hidayat Teguh Budiman Uun Sunarsih Yee Loon Mun Wardhana Accounting based Al-gharimum ARIMA Asset liability management Banking crisis Bankruptcy model Capital Company size Comparative study Consumers purchase behavior Conventional banks Cosmetics Currency system Customer loyalty Customers Customer relationship management Data envelopment analysis Debt-based financing Deposit level Descriptive Domestic credit Early warning system Earning Economic stability Effective distribution Efficiency Extracting signal approach Fatwa Financing risk management Governance Greece financial crises Gulf countries Halal Islamic banks Islamic banking SUBJECT INDEX Islamic economics Islamic social reporting Literature review Malmquist Mainstream economics Market risk Moslem countries Non-moslem countries Non-sharia companies Panel regression Personal care products Poverty Productivity Profitability Qualitative Regional development bank Resilience of Islamic banking Risk Selection criteria Sharia companies Sharia financial industry Spin-off Sukuk Sukuk markets Sustainable balanced scorecard Tawhid Theory of planned behavior Ulema Vector auto-regression Zakah Zakah management Zakah institution performance Zakah system AL-IQTISHAD Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics) GUIDANCE FOR WRITING IN JOURNAL OF AL-IQTISHAD 1. 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The Growth of Third Party Fund, Financing and Asset (Billion rupiah) 2009 2010 2011 2012 2013 2014* Fundraising 52.271 76.036 115.415 147.512 174.018 186.608 Financing 46.886 68.181 102.655 147.505 179.284 187.886 Asset 66.090 97.519 145.467 195.018 229.557 244.197 Source: Islamic banking statistics, Bank of Indonesia 7. Acknowledgment, if any, should be written as the foot-note of the manuscript’s title. 8. The manuscript is prepared in a quarto paper, single-sided, and double-space format. A new paragraph should start 5 characters from the left margin, using 12-size, times-new- romans font type. 9. The manuscript is written in proper English, either British or American English, but not the combination of both, except for special editions. 10. The manuscript should be in no less than 25 pages long. 11. The top and bottom margins are 1 inch. 12. The title is written using capital letters of 14 font size, centre position. 13. 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