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ISSN: 2087-135X
E-ISSN: 2407-8654

VOL. 10 (1), January 2018

Published by: 
State Islamic University (UIN) Syarif Hidayatullah Jakarta
in Cooperation with The Indonesian Association of Islamic Economist

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 (Journal of Islam
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V

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ary 2018

Al-Iqtishad is international journal published by State Islamic University (UIN) Syarif Hidayatullah Jakarta in 
cooperation 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 journal is accredited by the 
Directorate General of Higher Education Ministry of National Education and Culture The Republic of Indonesia 
No. 040/P/2014. The journal had re-accredited by Ministry of Research, Technology, and Higher Education No. 
48a/KPT/2017 on October 30, 2017 (Valid until October 30, 2022).

ISSN: 2087-135X
E-ISSN: 2407-8654

Fundraising Strategies to Optimize Zakah Potential in Indonesia: An 
Exploratory Qualitative Study
Rahmatina A. Kasri, Niken Iwani S. Putri

Stability Measurement of Dual Banking System in Indonesia: Markov 
Switching Approach
Siti Fatimah Zahra, Ascarya, Nurul Huda
   
Shariah Governance Practices at Islamic Banks in Bahrain From Islamic 
Bankers’ Perspective
Sutan Emir Hidayat, Ali Khaled Al Khalifa

The Concept and Practice of Macroprudential Policy in Indonesia: Islamic 
and Conventional
Muhammad Rizky Prima Sakti, Hassanudin bin Mohd Thas Thaker,  
Abdul Qoyum, Ibnu Qizam

Islamic Banking and Green Banking for Sustainable Development: 
Evidence From Bangladesh
Mohammad Nazim Uddin, Monir Ahmmed

Lowly or Negative Benchmark Rates Bandwagon: Any Risk Implications 
for Islamic Banks
Jamshaid Anwar Chattha, Syed Musa Alhabshi

Dividend Payout Policy of Conventional Banking and Islamic Banking in 
Pakistan
Farhan Ahmed, Abdul Rafay, Afzal Ahmed

Selection Criteria of Public for Account Opening: A Case Study of Islamic 
Banks in Pakistan
Ahsan Israr, Fahad Ahmed Qureshi, Mubeen Butt

Macroeconomic Variables, International Islamic Indices, and The Return 
Volatility in Jakarta Islamic Index
Yoghi Citra Pratama, Abdul Aziz

Determinants of Credit and Financing Risk: Evidence of Dual Banking 
System in Indonesia
Raditya Sukmana

Islamic Insurance: A Potential Niche Market of Indonesia
Jaenal Effendi

Meta-analysis on Direction of Accounting Standards for Islamic Financial 
Institutions: Case Studies in United Kingdom and Indonesia
Murniati Mukhlisin, Muhammad Syafii Antonio



INDEXING AND ABSTRACTING

The journal is accredited by the Directorate General of Higher Education Ministry of 
National Education and Culture Republic of Indonesia No. 040/P/2014. The journal 
had re-accredited by Ministry of Research, Technology, and Higher Education No. 48a/
KPT/2017 on October 30, 2017 (Valid until October 30, 2022).

Al Iqtishad has covered (indexed and abstracted) by following indexing services:
• Directory of Open Access Journal (DOAJ)
• Crossref
• Ebsco (Open Science Directory)
• Google Scholar
• Portal Garuda
• Moraref
• Indonesia Scientific Journal Database (ISJD)
• Indonesia OneSearch
• Sherpa-Romeo
• Bielefield Academic Search Engine (BASE)
• Open Archive Initiative (OAI)
• Mendeley
• Open Academic Journal Index (OAJI)
• Open Archive Initiative (OAI)
• Directory of Abstract for Journal (DAIJ)
• Infobase Index
• Cite Factor Academic Scientific Journal
• Eurasian Scientific Journal Index
• Directory of Research Journal Indexing (DRJI)
• Academia.edu
• Academic.Keys
• Research Bible
• Scholarsteer
• Open Access Library
• WorldCat
• Universal Impact Factor
• International Scientific Indexing
• International Innovative Journal Impact Factor (IIJIF)
• JournalIndex
• Cosmos Impact Factor
• Globethics.Net