Journal of lslamic Economics and Bussines Ethics
JIESBI: Journal of Islamic Economics and Business Ethics Journal Title : JIESBI: Journal of Islamic Economics and Business Ethics ISSN : P-ISSN 3064-4585 (print) | E-ISSN 3047-311X (online) DOI Prefix : Prefix 10.24235 by Crossref Editor in Chief : Prof. Dr. Abdul Aziz, M.Ag Managing Editor : Assoc. Prof. Dr. M. Zidny Nafi' Hasbi Publisher : Pascasarjana UIN Siber Syekh Nurjati Cirebon Frequency : 3 issues per year (February, June and October) Citation Analysis : Garuda |Google Scholar|Moraref |ASI|e JIESBI: Journal of Islamic Economics and Business Ethics E-ISSN 3047-311X is and P-ISSN 3064-4585 high-quality open access peer-reviewed research journal published by the UIN Cyber ​​Syekh Nurjati Postgraduate, Cirebon, West Java, Indonesia in collaboration with the Association of Islamic Economic Experts (IAEI). This journal aims to be a forum for discussion and publication of research results from academics, researchers and practitioners on the topics of Islamic Economics, Sharia Banking, Islamic Finance, and issues within Asian countries. These topics can take the form of observations of contemporary economic phenomena which highlights economic system problems, regulations in Islam, and other topics. This journal regularly publishes articles and research reports three times a year every February, June and October.
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution 4.0 International License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
The Influence of Convenience and Security on Brand Loyalty among DANA Syariah Users: The Mediating Role of Brand Trust
This study examines the influence of convenience and security on brand loyalty, mediated by brand trust, among Muslim college students using the DANA digital wallet. In the Islamic fintech context, where ethical values intersect with technological adoption, trust and loyalty are key to user retention. Although DANA offers strong usability and security, it trails competitors in loyalty, raising the question: how do convenience and security affect brand loyalty through brand trust among users familiar with Islamic economic principles? This research is significant as it connects conventional consumer behavior with Islamic economic perspectives, focusing on a demographic familiar with sharia-based financial principles. Using a quantitative approach, the study analyzed survey data from 100 purposively sampled students at the Faculty of Sharia and Islamic Economics, IAIN Syekh Nurjati Cirebon. All of them are DANA users for over three months. Findings revealed that convenience and security significantly influence brand trust. Brand trust fully mediates the impact of convenience and partially mediates the impact of security on brand loyalty. These results highlight that while functionality is important, trust, especially when aligned with Islamic ethical values, is crucial in fostering loyalty. To improve user retention, digital wallet providers should enhance not only technical performance, but also ethical guarantees rooted in transparency and fairness, as emphasized in Islamic economics.
Copyright (c) 2025 Journal of lslamic Economics and Bussines Ethics https://creativecommons.org/licenses/by/4.0
Environmental Accounting from an Islamic Quadruple Bottom Line Perspective For Environmental Sustainability
This study explores the application of environmental accounting within the Islamic Quadruple Bottom Line (QBL) framework to promote environmental sustainability. Utilizing a qualitative case study approach at PT. Sinergi Gula Nusantara, a sugar factory in Indonesia, this research examines how the company identifies, recognizes, measures, presents, and discloses environmental costs. The analysis integrates the QBL dimensions—profit, people, planet, and purpose—with Islamic prophetic values (nubuwwah), namely shidddiq (truthfulness), amanah (trustworthiness), tabligh (advocacy), and fathonah (wisdom). Findings revealead that the company implements various environmental cost management practices, from waste prevention to pollution control. When viewed through the Islamic QBL lens, these practices not only aim for economic efficiency (profit) but also demonstrate commitment to social welfare (people) and ecological preservation (planet). The internalization of nubuwwah values provides a spiritual and ethical foundation (purpose) for corporate environmental responsibility. This study contributes a novel framework for analyzing and implementing environmental accounting in a manner that harmonizes economic objectives with social, environmental, and spiritual goals, offering a culturally relevant model for corporations in Muslim-majority regions.
Efficiency Evaluation of Islamic Commercial Banks in Indonesia Using Stochastic Frontier Analysis (SFA): A Panel Data Approach
The efficiency of Islamic commercial banks is a crucial determinant of their competitiveness and long-term sustainability, especially in a dynamic financial environment, such as Indonesia. Despite rapid growth in the Islamic banking sector, questions persist regarding whether these banks are operating at optimal efficiency levels. This study aims to evaluate the technical efficiency of Islamic commercial banks in Indonesia over the period 2015–2024 by employing Stochastic Frontier Analysis (SFA) with a translog production function applied to balanced panel data. The model incorporated key input variables, including total assets, labor expenses, and operational costs, with financing used as a proxy for output performance. Empirical findings revealead that an average technical efficiency score of 0.784, suggesting notable inefficiencies across the sector. Among the sampled institutions, BCA Syariah Bank and Mega Syariah Bank consistently outperform their peers, while Victoria Syariah Bank showed persistently low efficiency due to operational shortcomings. The estimated gamma parameter (0.886) further indicated that inefficiency significantly explains the variation in output among banks, validating the use of the SFA model. The study underscores the urgent need for strategic improvements in operational management, resource allocation, and digital transformation initiatives. In addition, regulatory bodies are encouraged to strengthen institutional frameworks and promote innovation and human capital development.
Proposed Ownership Structure Design for the Establishment of Waqf Banks in Indonesia
Research on waqf banks in Indonesia and other countries shows a significant gap in ownership structure, where previous studies have not provided an applicable ownership design suited for Indonesia's decentralized character. The study is crucial because proper ownership governance can enhance accountability, mitigate conflicts of interest, and improve the economic sustainability of Islamic financial institutions. The research aims to propose an ownership structure of waqf banks in Indonesia. The method employed was qualitative, utilizing a Systematic Literature Review in Evidence-Based Software Engineering. The review covering publications from 2015 – 2024, encompasses 18 articles indexed by Scopus, ERA, WoS, MyCite, Google Scholar, and SINTA, with a process of identification, screening, and thematic analysis. The research findings suggest that establishing a waqf bank in Indonesia necessitates a hybrid ownership structure, backed by clear standard operating procedures, robust regulations, and enhanced community literacy. The implications of this study highlight the need for regulatory revisions and enhanced nāẓir training, while the limitations lie in the lack of empirical validation. Further research is recommended to test the model empirically and analyze the macroeconomic impact of waqf banks on financial inclusion and poverty alleviation.
Sharia Marketing and Halal Destination Branding: Is Building a Halal Destination Image Effective with Destination Branding Strategies?
East Java, a popular tourist destination in Indonesia, is committed to developing culinary tourism through the concept of a halal culinary area. This initiative also supports the acceleration of Micro, Small, and Medium Enterprise (MSME) product development. Furthermore, creating a positive perception and image of halal products through halal branding is crucial in supporting the halalization program for MSME products. Furthermore, ensuring that products are marketed according to Sharia principles is a key factor in building the halal industry. Of the various studies on product halalness, research on the image of halal products with halal branding that focuses on halal culinary areas has never been conducted. This study aims to determine the effect of halal branding on the image of halal destinations in the East Java Halal Culinary Area and its compliance with Sharia marketing principles. This study uses a quantitative method by examining the influence of independent variables on the dependent variable through a t-test using SPSS. The population in this study was buyers in the East Java Halal Culinary Area, and a sample of 110 people was selected using an accidental sampling technique. From a Sharia marketing perspective, the implemented branding strategy is in accordance with Sharia marketing principles. However, the results of this study indicate that the halal branding strategy in the East Java Halal Culinary Region does not influence the halal image or is unable to build the image of a halal destination in the region. The main finding is that while the branding strategy aligns with Sharia marketing principles, it does not significantly contribute to shaping the destination's halal image.
The Influence of Trust, Peers, and Enjoyment on Online Donations and Continuation Intentions: An Ethical Philanthropic Approach in Islamic Economics
Indonesia was named the most generous country from 2018 to 2024. A significant case of donation misappropriation by an agency in early July 2022 prompted varied societal reactions. This study examines the effects of trust in online donation platforms, peer influence, and enjoyment in helping on online donation and forwarding intentions, as well as the impact of these intentions on behavioral frequency. Data were collected via a survey of 106 Indonesian citizens who had received information about online donations in the past year. The analysis employed Structural Equation Modeling-Partial Least Squares (SEM-PLS). Results indicate that trust and peer influence have a significant and positive impact on forwarding intention but do not significantly affect online donation intention. Enjoyment in helping significantly impacts both online donation and forwarding intentions. Furthermore, online donation intention significantly affects donation frequency, and forwarding intention significantly impacts forwarding frequency. This study provides managerial implications for online donation platforms, suggesting they involve donors in the distribution process to create a positive impression.
Is the Continuity of Islamic Banking Usage Related to Customer Religiosity?
Performance is an indicator of the results of achieving a person's work targets in carrying out a job as a whole during a certain period in carrying out tasks that are compared with various possibilities, such as work result standards, targets or objectives or criteria that have been determined in advance and have been agreed upon together. This study aims to reconstruct the component of religiosity as one of the main factors for Muslims in muamalah, while trying to analyze the relationship between the religiosity of Islamic banking customers and the intention to continue using Islamic banking. This happens because of the tight competition in the Islamic financial industry in Indonesia, but the Islamic banking industry still has a small percentage of loyal customers, thus contributing to a low market share of Islamic banking in Indonesia. Therefore, banks need to develop strategies, such as maximizing the religiosity factor to increase the intention to continue using Islamic banking. This research was quantitative with a survey method, using a structural equation model (SEM-AMOS) to achieve research objectives. Furthermore, this study selected Islamic banking customers as samples, reaching 530 samples through convenience sampling techniques. The results demonstrated the development of novel indicator to measure individual religiosity related to economic activities. Religiosity is self-awareness of the importance of religion that shows an attitude of surrender to God. This means that a person's religiosity shows more about the processes of internalizing religious values ​​, which then unite within the individual to form daily behavior. Furthermore, this research model also reports that religiosity can significantly increase the intention to continue using Islamic banking.
The Impact of Artificial Intelligence (AI) Implementation on Islamic Financial Literacy and Global Economic Changes in the Banking World
Currently, the banking sector is facing a transformation towards the digital era in response to the development of fintech and the digital technology revolution. This transformation has brought banks into the era of digital banking services that aim to spread financial inclusion and provide access to the community without time and place constraints. Advances in information and communication technology have brought changes to various industries, including the Islamic finance sector. The development of artificial intelligence (AI) is crucial in the digitalization of Islamic money and offers opportunities to increase efficiency, personalize services, and reduce risks. This study aims to analyze the impact of AI implementation on financial literacy and global economic changes in the banking world by emphasizing effectiveness, efficiency, and compliance with Sharia principles. The research method used is qualitative literature research. Data comes from various sources, including relevant research papers, journals, and books. The findings of this study indicate that the application of AI in Islamic finance can improve operational efficiency, make financial services more accessible, and enable data analysis in a way that facilitates the development of strategic plans. However, the most important thing is to ensure that AI development complies with Sharia principles, including identifying riba, gharar, and non-halal transactions. The findings of this study highlight the importance of clear regulations to support the use of AI in Islamic finance, even if it is based on Islamic law. Through careful and innovative thinking, AI can serve as a strategic tool to enhance the Islamic banking sector in Indonesia, promote financial inclusion, and foster the country's economic growth.
Awareness of Indonesian Migrant Workers in Paying Zakat: Case Study of Borneo Palm Oil Plantations Samudera Langkon, Marudu, Sabah Malaysia
Zakat is a fundamental obligation for Muslims, as one of the five pillars of Islam. Therefore, every Muslim must pay zakat annually during the holy month of Ramadan. This research aims to explore the awareness of Indonesian migrant workers regarding the payment of zakat. This study primarily examines the extent of awareness among migrant workers regarding their zakat obligations. Using a qualitative approach, data was collected through in-depth interviews and participatory observations with migrant workers across various industries in Malaysia. The findings reveal that most respondents exhibit a strong awareness of their zakat obligations as a religious duty. Factors such as religious education, personal experiences, and the social environment at the workplace significantly influence the level of awareness. The implications of these findings offer insights for relevant institutions to develop educational and promotional programs aimed at enhancing awareness and compliance with zakat payments among Indonesian migrant workers. This study concludes that religious education, personal experiences, and the social environment at the workplace play a crucial role in shaping migrant workers' awareness of their zakat obligations, and understanding these factors can help design more effective interventions.
Online Customer Contribution Efforts to Increase Customer Satisfaction and Repurchase Intention on Sharia E-Commerce Platforms in Islamic Countries
In the ever-evolving digital era, Sharia e-commerce platforms have become an integral part of Muslim consumers' lives, offering services that prioritize Sharia principles such as contract transparency, product halal compliance, and transactional justice. This study focuses on Sharia e-commerce platforms to investigate the role of Online Customer Experience (OCE) in enhancing Customer Satisfaction and Repurchase Intention. An explanatory research approach was employed with quantitative methods, where data were collected through online questionnaires from 136 active Sharia e-commerce users. Data analysis was conducted using Path Analysis to measure both direct and indirect effects among variables. The study examines OCE as the independent variable, Customer Satisfaction as the intervening variable, and Repurchase Intention as the dependent variable. The findings reveal that OCE elements such as informativeness, entertainment, personalization, social presence, and adherence to Sharia principles significantly influence Customer Satisfaction. Moreover, Customer Satisfaction acts as a mediator affecting Repurchase Intention, where a positive customer experience strengthens loyalty and repurchase intentions. The study emphasizes the importance of Sharia-based customer experience strategies to maintain competitiveness in the e-commerce market. OCE elements integrated with Islamic values have proven to create more satisfying and sustainable customer experiences. These findings provide valuable insights for business practitioners and Sharia e-commerce platform developers in designing services that cater to Muslim consumer needs. By optimizing OCE elements, Sharia e-commerce platforms can reinforce their position as competitive and value-added shopping solutions within the increasingly dynamic digital ecosystem.
Customer Satisfaction; Online Customer Experience; Repurchase Intention; Sharia e-commerce
Copyright (c) 2024 Journal of lslamic Economics and Bussines Ethics
The Influence of Islamic-Based Leadership on Employee Performance: Employee Engagement as A Mediation Variable
Performance is an important factor in the success of an organization or company. Performance can be defined as the work results of individuals in terms of quality and quantity, achieved by an employee in carrying out their duties and fulfilling responsibilities within a specific period. Performance refers to the work results achieved by an individual or group within an organization, in accordance with their respective authorities and responsibilities, to attain organizational goals legally, without violating laws, and adhering to norms and ethics. Leadership plays an important role in improving employee performance in a company. This is exemplified by the Islamic leadership style, rooted in the era of Prophet Muhammad SAW, which is characterized by four key traits: Shidiq (truthfulness), Amanah (trustworthiness), Fatonah (wisdom), and Tabligh (conveying truth). This study aims to test the direct and indirect influence of Islamic leadership traits on employee performance with employee engagement as a mediating variable. This study uses an explanatory research method with primary data. Research data were collected through an online questionnaire, namely Google Forms. The results of the study showed that all Islamic leadership traits (Shidiq, Amanah, Fatonah, and Tabligh) have a direct positive effect on employee performance. This means that when leaders can apply Islamic leadership traits well, employee performance will also be good in their work. However, employee engagement as a mediating variable is only able to mediate one of the leadership traits on employee performance, namely, Shidiq.
Transformation of Zakat Into Rotating Business Capital: A Sustainable Economic Empowerment Solution
Zakat one of the important pillars of Islam, has great potential to empower the economic status of Muslims. Traditional distribution of zakat often fails to produce long-term economic improvement for its recipients. The current zakat problems are very complex, starting from the fact that there are still some people who do not want to pay zakat, the distribution of zakat that has not been arranged properly to the problem of fiqh regarding the development and ijtihad for productive zakat models. Productive zakat is making zakat money not only consumptive in the sense that it is immediately consumed, but zakat assets are used for business capital to eradicate poverty for zakat recipients. With this business capital, it is hoped that zakat recipients will one day become muzakki. This study aims to investigate the transformation of zakat into revolving business capital and its impact on the economic empowerment and self-reliance of mustahik (zakat recipients). The hypothesis tested is that zakat, when used as revolving business capital, can significantly improve the economic welfare of mustahik. This research uses a qualitative approach with a literature review methodology. Data was sourced from various secondary materials including scientific articles, institutional reports, and case studies of successful zakat programs. Data analysis involved thematic analysis to identify key factors that contribute to the success and challenges of zakat-based revolving business capital programs. The findings show that a well-managed revolving business capital program significantly improves the income and welfare of mustahik. Key success factors include ongoing business training and support, continuous monitoring and evaluation, and transparent fund management. Partnerships with government entities, the private sector, and local communities also enhance program effectiveness. Statistical analysis shows a positive correlation between participation in the program and increased economic independence of mustahik. The transformation of zakat into revolving business capital is an effective solution for sustainable economic empowerment. Proper management and strategic partnerships are critical to the success of this program, which not only reduces poverty but also encourages the economic independence of mustahik.
Zakat, Revolving Business Capital, Economic Empowerment, Sustainable Development
Strengthening Economic and Development Relations Transformation Efforts Towards Golden Indonesia 2045
Indonesia is a country that has a big vision and mission to transform into a developed country both socially, economically, in governance, legally, and in development. As a country that has a big vision and mission, of course, Indonesia needs to build and transform to realize the country's expected future. To achieve this vision and mission, Indonesia needs special attention in various aspects to achieve the country's goals. Development and the economy are two concepts that are interrelated and inseparable. The economy functions as the main foundation of development, namely a means to achieve economic goals such as improving people's welfare. Stable and inclusive economic growth that can raise living standards and generate high-quality jobs must go hand in hand with this development. This research is qualitative, so this study provides an overview of the research topic. The purpose is to provide an overview and analysis of Indonesia's economic and development trends. This article uses secondary data sources for its data collection, using a literature study approach, information on the development economy, especially in Indonesia, is investigated. All information collected from various sources is checked and evaluated about the current state of Indonesia's development and economy. Social development must not only improve the living standards of everyone in society but also provide solutions to problems resulting from development that are not implemented properly. The goal of social development is not limited to the population as a whole, but rather how the population can develop or increase its capacity to meet its needs, goals, and desires. So to face challenges and take advantage of opportunities in the development economy, collaboration between the government, the private sector, and civil society is needed. Investments in education, infrastructure, and technological innovation are key to achieving calculated and sustainable economic growth.
Economic; Development; Transformation Efforts Towards; Golden Indonesia 2045
Determinants of Consumer Behavior Transformation from Traditional to Online Shopping: A Case Study of Central Java Community, Indonesia
Technological advancements and the transition from traditional to online shopping have had a significant impact on consumer behavior. The availability of various online marketplace platforms has changed shopping habits, modified purchasing trends, and shaped overall consumption decisions. This study attempts to examine the influence of income, Islamic financial literacy, and social media on consumer behavior among individuals in Central Java, Indonesia. This study used a quantitative method. Data were collected through questionnaires from the Central Java population. A research sample comprising 458 respondents was obtained using simple random sampling. The independent variables include income, Islamic financial literacy, and social media, while the dependent variable is consumer behavior. Data were analyzed using SmartPLS software, involving a structural model (inner model) and a measurement model (outer model). This study revealed that Islamic financial literacy and social media have a significant impact on consumer behavior, while income does not show a significant effect. The coefficient of determination (Adjusted R Square) was 0.702 (70%), which indicates that income, Islamic financial literacy, and social media collectively influence 70% of consumer behavior with the remaining 30% attributable to unexplored factors. The transformation of the digital economy has brought multidimensional impacts on consumption behavior, from psychological to economic aspects. Thus, understanding these changes is important for academics, business practitioners, and policymakers in designing adaptive strategies for the digital ecosystem.
How Do Pancasila Economics and Islamic Economics Relate to Financial Governance Policies in Indonesia?
Pancasila economics is an institutional economic system that upholds the core values of Pancasila as Indonesia’s state ideology. Its five principles—ethics, humanity, nationalism, democracy, and social justice—serve as fundamental references for economic models in Indonesia. Meanwhile, the Islamic economic system is based on the teachings and values of Islam, derived from the Qur'an, As-Sunnah, ijma, and qiyas. This study aims to analyze the synchronization between Pancasila economics and Islamic economics in relation to various government policies, particularly in response to the challenges posed by global capital and liberalism. This research employs a qualitative approach (literature review) by analyzing relevant theories from books, journals, and online media. The Islamic economic system, rooted in the Qur'an and As-Sunnah, serves as a religious framework for Muslim communities, while Pancasila economics is the officially recognized economic system of Indonesia, founded on the principles of the state ideology. Both economic models share a strong social and moral vision, emphasizing economic equality and social justice. The findings reveal that when juxtaposed, Islamic economics and Pancasila economics converge in their ultimate goal of achieving welfare and justice for all members of society.
Pancasila Economy, Islamic Economics, Financial Governance Policy
Measuring Investment Fund Health Against Total Asset Growth in Islamic Insurance Companies in Indonesia
The mechanism of fund management in sharia insurance includes fund distribution allocation, namely tabarru' (donation) funds and saving funds, which are integral parts in carrying out sharia insurance management. Regulation No. 11/PMK.010/2011 concerning the finncial health of Sharia insurance companies outlines of the health of Sharia insurance companies includes two things, namely the financial health of tabarru' funds and company funds, with distinct solvency limits for each. The solvency limit for tabarru’ funds is 30%, while for company funds, it is 70%. The purpose of this study is to examine the impact of the allocation of Islamic insurance fund assets, including mudharabah (profit-sharing) deposits, government sukuk (Islamic bonds), corporate sukuk, and Islamic mutual funds, on the asset growth of Islamic insurance funds in Indonesia. This study used quantitative methodology by utilizing Vector Autoregression (VAR) and Ordinary Least Squares (OLS) to analyze a data series covering the period from January 2017 to April 2025. The findings of the ordinary least squares (OLS) analysis indicated that the proportion of funds invested in Islamic mutual funds, government sukuk, corporate sukuk, and mudharabah deposits has a substantial and positive impact on the growth of Islamic insurance assets. In addition, the findings from VAR indicated that a positive and statistically significant short-term relationship exists exclusively with government sukuk and its impact on the growth of Islamic insurance assets. To optimize the allocation of investment funds for investors and stakeholders, government and corporate sukuk are viable considerations, supported by impulse response function and variance decomposition analyses.
Environmentally Friendly Waqf Model: A Response to Sustainable Economic Development and the Presence of a Circular Economy
The excessive utilization of natural resources and the accumulation of waste pose serious challenges to sustainable development. The circular economy has emerged as a viable solution by emphasizing the reuse and recycling of materials. This study explores the significance of sustainable development and the necessity of a circular economy in achieving it. Effective waste management plays a crucial role in environmental protection and enhances living standards. In this context, waqf can contribute to environmental sustainability through the concept of green waqf. This study employed the literature review method to identify, review, evaluate, and synthesize relevant research on the phenomenon of interest and related research questions. By implementing the literature review approach, journal articles were systematically reviewed, and each process followed predetermined steps and procedures. The findings revealed that the proposed green waqf model consisted of five stages. First, the waqif transfers cash waqf to a waqf institution (nazir). Second, the nazir allocates waqf funds to establish a training center equipped with waste management technology to enhance human resource development. Third, the nazir, through the training center, provides skill development programs to empower beneficiaries (mauquf 'alaih). Fourth, beneficiaries are expected to secure employment and increase their productivity after completing the training. Fifth, continuous monitoring and evaluation must be conducted to ensure ongoing improvements. Ultimately, the proposed green waqf model is expected to contribute to both economic and environmental sustainability.
Endorsement of Sharī'ah Label Product Influencers Through Social Media Efforts to Increase Interest in the Number of Muslim Consumers
The ease of people accessing information about a product has given rise to a new shopping system that can be done online. One of the social media applications that is currently often used is the TikTok application. It can be proven that Tiktok is the No. 1 application that is often downloaded in Indonesia according to Data Reports. The TikTok application algorithm is different from other applications, making it easier for people to go viral and be recognized by many people. Thus, the term influencer emerged as someone who can influence others. This study aims to examine and analyze the endorsement of Muslim influencers of fashion products through TikTok Shop social media to increase consumer interest. This study also explored how support affects economic outcomes for supporters and evaluates the impact of influencer marketing and content creators. This study used a library research method coupled with a data analysis framework rooted in Islamic economics and supported by inductive reasoning and qualitative data. The research findings revealed that influencers and content creators with significant followers have been shown to increase product sales significantly. The key factor for the success of social media promotion lies in implementing effective advertising strategies and collaborating with influential figures or media that resonate with target consumers. The existence of influencer support for a product significantly affects the number and interest of consumers so that it can improve the quality of marketing and increase the reach of a wide market.
Application of the Principle of Ikhtiyat in Murabahah Financing: A Case Study of BMT Malang, East Java
The principle of effort is one of the strong roots of banking, a principle which states that in carrying out its functions and business activities, it is mandatory to be careful to protect public funds entrusted to it. There are at least 5 principles of the ikhtiyat role, in assessing prospective debitors, the bank must be guided by factors, such as character, capacity, capital, collateral, and economic conditions of economy. This research is qualitative. Data collection techniques are carried out by observation, interviews, and documentation study. The phenomenological approach is used to describe the deep understanding in this study. The findings of this study indicate that in general, the application of the principle of effort in mudharabah financing uses the 5c and 1i feasibility analysis (character, capacity, capital, condition, collateral, and insurance) by prioritizing the aspects of character analysis character, capacity ability and collateral which is assessed through the business income earned every month and the eligibility of the collateral given by the prospective member. The application of the ikhtiyat principle is one of the ways BMTs have positive and negative impacts in providing financing at BMT Malang, East Java so that BMTs are not allowed to only demand the achievement of targets without enforcing the principle of ikhtiyat.
Ikhtiyat Principles; Prudential; Murabahah Financing
Application of Principles and Rules for Non-Cash Transactions Using QRIS Services Maqāṣid Al-Sharīʿah Perspective
Widespread digital technology and financial technology (fintech) have made non-cash transactions increasingly popular and accepted by society. QRIS (Quick Response Code Indonesian Standard) is a form of non-cash transaction that is expected to increase efficiency, effectiveness, and security in terms of transactions. The research aims to analyze the principles and rules of non-cash transactions using QRIS Services from an Islamic economic perspective so that people can experience non-cash transactions safely while integrating with the ethical values of the Islamic economic system. The research method used is a type of qualitative research with a descriptive analysis approach in the form of a literature study sourced from primary and secondary book sources, consisting of a collection of primary theories and books, journal articles, and various kinds of relevant library materials. The results of this research explain that non-cash transactions using QRIS services are generally by Islamic economic principles, such as fairness, and consent, not containing elements of usury, gharar and maysir, transaction transparency, and halal. However, it should be noted that the use of QRIS must be done wisely and by Sharia corridors.
Qris, Rules, Principles, Non-Cash, Maqāṣid Al-Sharīʿah
Factors that influence the Islamic Perspective Human Development Index as Evidence of the Development of the Muslim Community
This study aims to analyze the relationship between macroeconomics and zakat on the Human Development Index (HDI) and the Islamic Human Development Index (I-HDI) using the maqāṣid al-sharī'ah theory approach. We also calculate I-HDI based on maqāṣid al-sharī'ah theory by combining material and non-material aspects and then compare between I-HDI and HDI. The indicators used in the calculation of I-HDI are indicators that are relevant and in accordance with the objectives of maqāṣid al-sharīʿah, so that I-HDI can give a general picture of the results of human development. By employing the dynamic panel regression two-step Generalized Method of Moments (GMM) the study finds that there is a significant difference and quite a large disparity between the results of the HDI and I-HDI, in 34 provinces of Indonesia. The study reveals that economic growth, health fiscal policy, and zakat have a positive effect both on HDI and I-HDI. Nevertheless, the education fiscal policy variable has a positive effect on I-HDI, and conversely, has a negative effect on HDI. This condition occurs because the target and strategy for absorption of the education budget are not optimally carried out by the government. This research suggests that in formulating budget policies, the government should not only focus on material elements but also non-material elements which are reflected in the I-HDI model.
Implementation of Accountability and Reporting Based on Islamic Sharia in Efforts to Prevent Regional Government Financial Fraud
The main objective of this study is to prevent fraud in the local government sector on the island of Java by increasing government accountability using the cultivation of the values of the teachings of the kindness of Javanese ancestors, including; Indra Brata (Sky), Yama Brata (Star), Surya Brata (Sun), Candra Brata (Moon), Bayu Brata (Wind), Kuwera Brata (Earth), Baruna Brata (Ocean), Agni Brata (Fire) in each regional apparatus. The concept of this research used attribution theory, which provides an explanation of the reasons why someone does something or chooses to act in a certain way, so that good accountability based asthabrata greatly supports fraud prevention in the local government sector.This research collects data using the literature study method from sources with the theme of fraud and corruption, such as journals and a financial audit agency report on the island of Java between 2020 and 2024. The results of this study indicate that as a whole the implementation of asthabrata values is not optimal in increasing accountability in order to prevent financial fraud on the island of Java. As an implication, Javanese philosophy of "Asthabrata" can be used as a tool in improving financial reporting accountability in order to kill the growth of fraud in the local government financial sector. This research is one of the first to examine in depth related to asthabrata-based accountability in preventing fraud in local government on the island of Java.
Strengthening Muamalah Maliyah's Literacy Understanding of Online Transactions in Indonesia
This research aims to test and analyze the understanding of students majoring in Commerce Management at the ALKS study program in implementing online buying and selling schemes from an Islamic perspective, namely by using the Muamalah Maaliyaah contract. The population in this study was 278 people from each generation of the ALKS study program, a sample of at least 10 people was taken and then the sample size became 100 people. This research uses a quantitative approach. The data collection technique used was by distributing questionnaires and interviews. The model used is a simple linear regression model with statistical analysis tests used are the classical assumption test, T-test, validity, and reliability tests. The research results show that from a simple regression test, the results of the t-test variable for the variable Understanding the Muamalah Maaliyaah Agreement show t_count of 15.024 > t_tabel of 1.98472 and a Sig value of 0.000 < 0.05. These results show that "There is a significant relationship between the influence of Understanding the Muamalah Maaliyah Agreement (X) on the decision to carry out online transactions (Y)". It can be concluded that there is a very large influence of ALKS study program students' muamalah literacy on the decision to carry out online transactions.
Considerations of Religion and Situational Factors, Internal Control on the Occurrency of Fraud Trends: An Experimental Study of the Financial Services Sector in Indonesia
Financial statement fraud does not only occur in the private sector but can also occur in the government sector in the form of material misrepresentation of financial statements to cover up the actual financial condition by carrying out financial engineering. This study aims to examine religious considerations and situational factors, namely pressure or directives from superiors and internal controls against committing fraud tendencies. Literature reveals that religion plays a dominant role in shaping employees' values in their work. This study used an experimental method on 33 financial institution employees divided into two sessions to see the impact of scenarios. The analysis technique using Analysis of Variances (ANOVA) is used to perform multivariable comparative analysis. The results of empirical testing show that internal control factors have a negative influence on fraudulent behavior, and pressure factors or superior directions have a positive effect on the tendency to commit fraud. Meanwhile, religious considerations have less influence on fraud tendencies.
An Exploration of the Potentialities of Bai-Salam as a Mode to Financing Agricultural Products in Nigeria: A Case Study of Nguru-Bade Farmers
Lack of funding and difficult in securing loan from the bank due to absence of collateral are the major problems that detrimentally affecting the farmers of Nguru-Bade local government areas. Therefore, the overall objectives of this study are to gauge the level of awareness of the farmers of Nguru-Bade local government areas about Bai-Salam product and services and examine how Bai-Salam product can be used as best alternative in financing farmers in Nguru-Bade local government areas. The study used primary source of data (interview) to gained information for the study in order to answer the research questions and achieve the stated objectives. The study also used thematic analysis techniques to analyze the data collected through interview using focus coding techniques. The result from the study depicts out that there is lack of awareness on the Bai-Salam instrument by majority of the farmers of Nguru-Bade local government areas of Yobe state and Bai-Salam being an instrument of Islamic financial institutions can play a vital role in financing farmers deficit in the areas from planting up to harvesting period.
Bai-Salam; Potential; Financing; Agriculture; Farmers
The Influence of Service Promotion and Work Productivity on Customer Decision to Saving at PT Bank Muamalat Indonesia KCP Bantul
The purpose of this study was to determine the effect of promotion, service, and productivity as well as the simultaneous and partial influence on the customer's decision to save at PT. Bank Muamalat Indonesia KCP Bantul. Research method through observation, questionnaires, and documentation. The library materials are then analyzed with written source guidelines and concluded. From the results of this study, the authors found that the results of this study indicated that 76.3% of the dependent variable in saving decisions could explained by the independent variables namely promotion, service, and work productivity. While the remaining 23.7% was caused by other variables not involved in this study such as product image, service quality, customer value, etc. The t-test on the promotion, service, and work productivity variables shows that the count obtained exceeds the table so it can be said that the promotion, service, and work productivity variables have a positive and significant effect on saving decisions. The partial test shows that the regression coefficients for the promotion, service and work productivity variables exceed the significant value so that together the promotion, service, and work productivity variables have a positive/significant effect on saving decisions.
Implementation of the MMQ Agreement in KPR ProductsOn Increasing Financing at Bank Muamalat KCP Kuningan
In Indonesia, the housing problem is very big, especially in metropolitan areas. Bank Muamalat offers iB Hijrah KPR with Murabahah and musyarakah mutanaqishah contract options. The research was conducted to understand the implementation of the musyarakah mutanaqisah contract in KPR products. on KPR Financing at Bank Muamlat KCP Kuningan. And the results of implementing the musyarakah mutanaqisah agreement on KPR products in increasing KPR financing at Bank Muamalat KCP Kuningan. This research uses a qualitative approach, with data sources used namely primary and secondary, and data collection techniques of observation, interviews, and documentation. Bank Muamalat KCP Kuningan implements the musyarakah mutanaqisah agreement in the iB Hijrah KPR financing product through three stages, including BI Checking for husbands and wives with five columns of financial assessment. The financing process involves musyarakah mutanaqisah and ijarah contracts, where customers gradually buy a house from the bank. Despite facing challenges in public understanding and document requirements, the bank carried out a thorough feasibility assessment process. Thus, the implementation of the musyarakah mutanaqisah agreement was proven to have a positive impact on increasing mortgage financing. Increasing the number of customers and sales volume of mortgage products with promotional and educational efforts. Annual data records increases and decreases in mortgage financing at Bank Muamalat KCP Kuningan. As seen from the annual data of Bank Muamalat Indonesia for 2022-2023 there has been an increase and in 2019-2021 there has been an increase and decrease. Bank Muamalat KCP Kuningan succeeded in overcoming obstacles in understanding and obtaining IMB in the implementation of the Musyarakah Mutanaqisah KPR iB Hijrah Agreement by implementing a relief policy. As well as being able to restore increased financing using a promotion, and education to the community, educational institutions, and government.
Keywords: KPR, Musyarakah Mutanaqisah, increase, financing, contract.
The Influence of Population and Economic Growth on The Human Development Index in Kuningan West Java
This study aims to investigate the impact of economic growth and population on the Human Development Index in Kuningan. This study aims to gain a deeper understanding of the extent to which economic growth and population affect the Human Development Index in Kuningan. The data used in this study is secondary data obtained from the Central Statistics Agency (BPS) during the period 2018 to 2023, covering 6 years. In this study, multiple linear regression methods were used to analyze the data. Research findings show that when economic growth increases by 1%, the human development index will decrease by 0.421795. This is due to the uneven distribution of economic growth in society, resulting in income inequality and difficulty in meeting the needs of a decent life. This finding also shows that if the population increases by 1%, it will reduce the human development index in Kuningan by 2.187595. This decline is caused by a lack of employment that is not proportional to population growth, which has the potential to result in high unemployment and a decrease in people's welfare.
Transparency of Zakat Funds to Increase Public Trust in Zakat Institutions
Zakat management institutions need to be evaluated and can provide transparency and accountability of funds to the public. This study aims to determine the pattern of management of zakat funds in zakat management institutions. This study uses a qualitative descriptive method. The study involved the amil zakat institution in the district of sleman, the province of the special region of Yogyakarta. Data were obtained using interviews, observations, and literature studies on research problems. Data analysis used the Miles and Huberman model, namely data reduction, data tabulation, data presentation, and conclusion. The results show that a transparent income and expenditure report will increase the number of funds collected and facilitate the distribution of zakat evenly. In addition, the transparency of zakat funds will increase public trust in zakat institutions. Therefore, this research is expected to provide an overview of zakat institutions to be transparent and accountable for the funds obtained and distributed.
The Role of Technology Mastery Quality of Human Capital and Wage Rate on Labour Demand In Java Island
Uneven demand for labor in Java Island causes economic inequality. this study aims to determine how the influence of technological mastery, the quality of human resources, and the level of wages on labor demand on the island of Java. this study uses qualitative methods with panel data, through model selection followed by model feasibility tests and classical assumption tests. The result of this research is known that XI with Prob. 0.0321 <0.05, then X1 has a significant effect on Y, for X2 with a Prob value. 0.0000 less than 0.05, then X2 has a significant effect on Y, and X3 with a prob value. This study concludes that mastery of technology can increase the demand for labor but hurt the decline in the demand for ordinary labor. the quality of human resources has a positive effect on the demand for labor on the island of Java and the level of wages hurts the demand for labor, when wages rise, the demand for labor will decrease. To equalize the demand for labor in Java, the government must equalize the development of good public facilities, easy access, and superior training, so that entrepreneurs are interested in building new economic sectors in areas in Java. thus the demand for labour will occur evenly not only in big cities but also in other regions.
Human capital, Java, demand, Labour, Wage, Technology