Islamic and conventional bank deposits: what drives Islamic deposit movement? A trade-off between religiosity and rationality

Dr Masrizal did his PhD in Islamic Economic from Universitas Airlangga Indonesia. He is a Lecturer in the postgraduate program at the Department of Islamic Economics, Sultan Syarif Kasim State University of Riau. His research interests include Islamic economics, Islamic banks, Islamic capital market and Islamic social finance. He has more than 13 publications in the area of Islamic finance and social finance.

Professor Dr Raditya Sukmana did his Masters from USA and PhD from International Islamic University Malaysia. He has more than 42 publications in the area of Islamic finance. Currently, he is serving as the Head of the Department of Shari’a Economics at Universitas Airlangga Indonesia.

Rifki Ismal is the Director (researcher specialist) in Bank Indonesia (Central Bank of Indonesia) and has been a central banker for 24 years appointed in various departments such as Economic Research and Monetary Policy Department (1999-2004), Islamic Banking Department (2011-2013), Financial Market Deepening Department (2014-2016) and lately Islamic Economics and Finance Department (2017 to now). He was ever assigned as a researcher in Bank for International Settlement (BIS) in 2006 and lately was an Assistant Secretary General (ASG) of the Islamic Financial Service Board (IFSB) to head the Department of Standard and Research (2020-2022). As a researcher in Islamic finance, he won the best paper (Rank Number 1) of the senior researchers category of the National Paper Competition on Islamic Finance (FREKS) organized by the Indonesian Financial Services Authority (OJK). As an academic, he is a Lecturer in some leading universities in Indonesia such as University of Indonesia, Tazkia Institute and Institute Pertania Bogor and an Adjunct Professor in INCEIF University (Malaysia). Since 2002, he has published 70 academic papers in reputable journals, 25 chapters of books and reference books on Islamic economics published by international publishers such as John Wiley and Sons, Springer, Routledge, Edinburgh Press, supervised 147 master and PhD students and examiners of 96 thesis/dissertation examinations. Besides central banker and academics, he has been a member of the Indonesia National Sharia Board (DSN) - National Ulama Council since 2017. He got a bachelor degree in economics from University of Indonesia, master in applied economics from University of Michigan, Ann Arbor (USA) and PhD in Islamic finance from Durham University (England).