Journal title : Jurnal Ilmiah Ekonomi Islam Initials : JIEI Abbreviation : J. ilm. ekon. Islam. Language : English, Indonesian Accreditation : Scientific and Technology Index (SINTA 4) Frequency : 6 issues every year (February, April, June, August, October and December) DOI Prefix : 10.29040/jiei E-ISSN : 2579-6534 (online); 2477-6157 (printed) Publisher : LPPM ITB AAS Indonesia Editor-in-Chief : Dr. Sumadi, S.E., M.E. License : CC BY 4.0 Citation Analysis : Google Scholar ll Dimensions Jurnal Ilmiah Ekonomi Islam (JIEI) merupakan jurnal ilmiah yang diterbitkan oleh LPPM ITB AAS Indonesia sebagai media publikasi akademik bagi para peneliti, akademisi, praktisi, dan mahasiswa untuk menyebarluaskan hasil penelitian, kajian konseptual, maupun analisis praktis di bidang ekonomi Islam. Jurnal ini bertujuan untuk mengembangkan dan memperkaya khazanah keilmuan ekonomi Islam melalui publikasi artikel yang berkualitas, inovatif, dan relevan dengan perkembangan ilmu pengetahuan serta praktik ekonomi syariah di tingkat nasional maupun internasional. Ruang lingkup kajian dalam jurnal ini meliputi berbagai topik yang berkaitan dengan ekonomi Islam, antara lain perbankan syariah, lembaga keuangan syariah, keuangan publik Islam, akuntansi syariah, bisnis dan kewirausahaan syariah, industri halal, zakat dan wakaf, ekonomi pembangunan Islam, serta isu-isu kontemporer yang berkaitan dengan sistem ekonomi berbasis nilai-nilai Islam. JIEI menerima artikel berupa hasil penelitian empiris, kajian konseptual, maupun artikel telaah pustaka yang memberikan kontribusi terhadap pengembangan teori dan praktik ekonomi Islam. Setiap artikel yang diterbitkan melalui proses peer review untuk memastikan kualitas akademik dan integritas ilmiah dari setiap naskah yang dipublikasikan. Jurnal Ilmiah Ekonomi Islam menerima artikel ilmiah yang berkaitan dengan berbagai topik dalam bidang ekonomi Islam, antara lain: 1. Perbankan Syariah 2. Lembaga Keuangan Syariah 3. Akuntansi dan Keuangan Syariah 4. Zakat, Wakaf, dan Filantropi Islam 5. Bisnis dan Kewirausahaan Syariah 6. Industri Halal 7. Pembangunan Ekonomi Islam 8. Kebijakan Publik dalam Ekonomi Islam 9. Ekonomi Digital dan Financial Technology Syariah 10. Topik relevan lainnya dalam bidang manajemen atau investasi syariah
This work is licensed under a Creative Commons Attribution 4.0 International License.
Determinants of Islamic Digital Banking Adoption under Sharia Regulatory Mandate: Evidence from Aceh, Indonesia
This study investigates the socio-technical determinants of Islamic digital banking adoption under the unique framework of Aceh’s Sharia Financial Institutions Qanun (Qanun LKS). While this mandate achieved 100% administrative migration, its impact on substantive digital behavior remains under-explored. This research addresses the "Adoption Paradox" where high legal inclusion fails to trigger active usage. A quantitative descriptive-analytical design was employed, surveying 200 Bank Syariah Indonesia (BSI) customers in Bireuen Regency, a semi-rural district, to capture digital transition challenges in a traditional society. Data were analyzed using Multiple Linear Regression in SPSS 21. Findings reveal a significant adoption gap, with only 30% of respondents classified as active users. Regression results indicate that Digital Literacy is the strongest predictor (β = 0.600; p < 0.001), followed by Trust in Security (β = 0.462; p < 0.001), perceived ease of use, and social influence. The study concludes that top-down legal mandates are insufficient without bottom-up interventions in digital capability and trust-building. To achieve the Cost Optimization Rate (COR), Islamic financial institutions must prioritize cybersecurity and literacy programs to bridge the adoption gap. This research contributes by linking region-specific Sharia mandates with technology acceptance models, offering a scalable framework for digital transformation in Sharia-governed economies.
Copyright (c) 2026 Jurnal Ilmiah Ekonomi Islam
Determinants of Islamic Banks' Financial Performance in ASEAN Countries
This study aims to examine the determinants of Islamic banks’ financial performance in selected ASEAN countries, namely Indonesia, Malaysia, Thailand, and Brunei Darussalam. The financial performance of Islamic banks is assessed using ROA, with important explanatory variables including the CAR, NPF, and FDR. This study takes a quantitative approach, using secondary data from Islamic banks' annual financial reports for the period 2020 – 2024. The data are evaluated using panel data regression, and model selection is conducted using the Chow test, Hausman test, and Lagrange multiplier test, which indicate that the Random Effects Model (REM) is the most appropriate estimation approach. The results show that CAR has a positive and significant effect on the financial performance of Islamic banks, whereas NPF and FDR have negative and positive coefficients, respectively, but do not show a significant effect on ROA. These results indicate that capital adequacy mainly drives the financial performance of Islamic banks in ASEAN, whereas credit risk and liquidity levels have little effect on profitability. This could be because of the risk-sharing nature inherent in Islamic banking practices.
Recontextualizing the Concept of the Time Value of Money from a Maqashid al-Shariah Perspective
This study recontextualizes the time value of money (TVM) in Islamic economics through a maqashid al-shariah lens using a case study of Sharia-compliant gold investment at Pegadaian Syariah. A mixed methods sequential exploratory design was applied. Qualitative data were collected via document analysis and semi-structured interviews with 10 informants to derive maqashid-based indicators of time-related value. Quantitative data were gathered through a survey of Sharia gold investors and analyzed using multiple linear regression and mediation testing. Findings show that investors interpret time-related value not as interest-based compensation but as ethical utility embedded in service provision, risk management, and wealth preservation. Descriptive results indicate high perceptions of maqashid alignment (M=4.11) and Sharia compliance trust (M=4.24). Regression results reveal significant effects of maqashid alignment on investment decision (β=0.32; p=0.001) and cost fairness on investment decision (β=0.26; p=0.008). Sharia compliance trust strongly predicts continuance intention (β=0.39; p<0.001), while Sharia financial literacy improves investment decision quality (β=0.28; p=0.004). Trust partially mediates the maqashid alignment–continuance link. This study extends prior work by operationalizing maqashid-based time utility into measurable constructs and empirically testing it in a retail Sharia gold investment setting.
Wanprestasi Pengalihan Hak Sewa Tanah Kebun: Analisis Kitab Undang-Undang Hukum Perdata Dan Kompilasi Hukum Ekonomi Syariah
Verbal land lease agreements in rural areas often generate disputes when tenants transfer the leased property to third parties without the owner’s consent and violate payment and maintenance obligations. This article analyzes the construction of breach of contract, its legal consequences, and dispute resolution mechanisms from the perspective of the Indonesian Civil Code (KUHPerdata) and the Compilation of Sharia Economic Law (KHES), based on a case study in Gagaksipat Village, Boyolali Regency. The study was conducted through empirical legal research using statutory, conceptual, and case approaches, with interviews as the primary data source. The analysis shows that verbal agreements remain legally valid as long as they meet the requirements of Article 1320 of the Civil Code, while unauthorized transfers, late payments, and incomplete payments constitute essential breaches of contract, allowing the owner to seek performance fulfilment, compensation, or contract termination. Dispute resolution under the Civil Code is conducted through formal notice (somasi), breach of contract lawsuits, and claims for termination and compensation in District Court, whereas under KHES, resolution begins with deliberation (ishlah) and may proceed to fasakh and claims for ta’wīḍ through the Religious Court. Both legal systems consistently legitimize the termination of the contractual relationship and the restoration of the owner’s rights in cases of cumulative and essential violations.
Dampak Ekonomi Kebijakan Larangan Kegiatan bagi Siswa Akhir SMA di Jawa Barat dalam Perspektif Maqasid Syariah
Ceremonial and costly activities for high school seniors often place an economic burden on parents and contribute to social inequality. Therefore, the government has enacted a policy banning such activities. This study aims to analyze the implementation of the policy banning high school senior activities at SMA Negeri 1 Cikarang Pusat and its economic impact from the perspective of Maqasid Syariah. The research method used is a qualitative approach employing interview and observation techniques. The results indicate that the ban policy has been effectively implemented through outreach and adjustments to the school program, yielding positive economic impacts, including reduced financial burdens, increased efficiency, and the promotion of economic justice. From the perspective of Maqasid Syariah, this policy aligns with the principles of hifz al-mal, hifz al-nafs, and hifz al-‘aql. Thus, this policy is effective in implementation, has a positive economic impact, and is consistent with the principle of public interest.
Dampak Program Pemberdayaan Majelis Taklim Ummahat (PMTU) Dompet Dhuafa dengan Metode Social Return on Investment (SROI)
This study examines the impact of the woman empowerment program (PMTU) initiated by Dompet Dhuafa through the Lembaga Pelayan Masyarakat (LPM) in Bogor and Tangerang Regency, Indonesia. The program aims to address women’s economic vulnerability, limited access to business capital, low financial literacy, and dependence on interest-based financing by positioning majelis taklim (Islamic study group) as a community-based platform for economic empowerment and socio-religious attitudinal transformation. The main interventions include the provision of qardhul hasan-based revolving capital, capacity-building training on microenterprise management and financial literacy, and group-based managerial mentoring within majelis taklim communities. This study employs an evaluative Social Return on Investment (SROI) methodology in accordance with the principles of Social Value International to assess program outcomes over the 2023–2025 period. Data were collected through in-depth interviews, focus group discussions (FGDs), field observations and secondary data analysis involving 87 respondents representing key stakeholders. The findings indicate that the program achieved a cumulative SROI ratio of 2.82, meaning that every IDR 1 invested generated social benefits valued at IDR 2.82. The largest share of impact accrued to Majelis Taklim Ummahat members as primary beneficiaries, accounting for 63.54% of total social value, followed by majelis taklim administrators (12.49%), program facilitators (21.17%), and Dompet Dhuafa as the implementing institution (2.81%). Based on the sustainability value compass, program impacts were dominated by Well-being (46.52%) and economic (37.10%) dimensions, with the remaining 16.39% attributed to social outcomes. These findings confirm that the PMTU program is both viable and effective in generating substantial social and economic value, while strengthening the role of majelis taklim as a strategic platform for women’s empowerment and sustainable economic self-reliance.
Copyright (c) 2026 Casdimin, Erick Agung Pamungkas, Dessy Sonyaratri https://creativecommons.org/licenses/by/4.0
Tinjauan Hukum Ekonomi Syariah Terhadap Kebijakan Program Penghapusan Utang UMKM
The MSME debt crisis that occurred after the pandemic caused systemic credit congestion and hampered national economic growth. The objective is to examine the policy of repealing PP No. 47 of 2024 from the perspective of Islamic Business Ethics. The goal is to show how the policy can consider the humanitarian aspects of debtors facing problems with the principles of fairness and stability of the banking financial system. This research is a qualitative study using a literature review approach. The data collection technique used in this study is to record or cite information from various literature sources, including books, journals, documents, and other data and information sources relevant to the research topic. The results of the study show that PP No. 47/2024 provides a legal basis for HIMBARA banks to write off debts for the strategic sector of up to a maximum of IDR 500 million. This policy is in line with the principles of Inzar al-Mu'sir (relief for those facing difficulties) and Ibra' in Islamic Business Ethics. The government applies an ethical filter with a five-year waiting period to prevent moral hazard and ensure fairness. The use of Maslahah Mursalah, which prioritizes public interest and protection of property, is at the core of the MSME debt write-off policy (Hifdz al-Maal). This step is proof of the state's concern for the little people without neglecting the aspect of banking integrity, according to Islamic Business Ethics. To provide targeted assistance to debtors who are truly in need, not those who are deliberately negligent, its success is highly dependent on strict data monitoring and validation.
Copyright (c) 2026 Syifa Salsa Bila, Listian Indriyani Achmad, MH Ainulyaqin, Sukron Mamun, Yudianto Achmad https://creativecommons.org/licenses/by/4.0
Kolaborasi Perbankan Syariah dan Masjid Melalui Pendekatan Nudge Theory: Perspektif Jamaah Masjid di Kabupaten Purwakarta
This study aims to analyze the determinants of Islamic financial inclusion within mosque-based communities by integrating Islamic financial literacy, religiosity, nudge, and mosque–bank collaboration. A quantitative cross-sectional approach was employed using data from 120 respondents in Purwakarta Regency. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results indicate that Islamic financial literacy has a positive and significant effect on Islamic financial inclusion and serves as the primary determinant in the model. Nudge also has a significant positive effect on inclusion, functioning as a complementary behavioral mechanism rather than a moderating variable. In contrast, religiosity does not have a significant direct effect on inclusion, indicating the presence of an attitude–behavior gap. Furthermore, religiosity negatively affects nudge, while collaboration does not significantly influence inclusion and shows a relatively small effect size. A notable finding is the negative moderating effect of mosque–bank collaboration on the relationship between religiosity and inclusion. This study contributes to the Islamic behavioral finance literature by highlighting the importance of integrating cognitive, behavioral, and institutional factors in promoting community-based Islamic financial inclusion.
Copyright (c) 2026 Ade Wahyu Awaludin, Gusti Oka Widana https://creativecommons.org/licenses/by/4.0
From Risk to Trust: Strengthening QRIS Usage in MSMEs for Islamic Financial Inclusion
Wider access to QRIS has strengthened the digital payments environment for Indonesian micro, small, and medium-sized enterprises, yet regular use is still shaped by how users evaluate financial information and security-related uncertainty. Based on responses from 180 MSME customers in Yogyakarta who had completed at least one QRIS payment, this research examined the interplay of financial literacy, perceived security risk, trust in QRIS security, behavioural intention and actual usage using Partial Least Squares Structural Equation Modelling, and the analysis. The analysis confirms that financial literacy encourages adoption in two main ways: it increases willingness to use QRIS and fosters stronger trust in the system’s security. At the same time, perceptions of security risk work in the opposite direction. When users remain concerned about fraud, data exposure, or similar threats, both trust and behavioural intention decline. Trust then becomes a pivotal mechanism in the adoption process, as it contributes positively to intention as well as actual QRIS use. The analytical model also accounts for a substantial share of the variation in realised usage behaviour. A further result concerns the interaction effect: trust significantly moderates the link between behavioural intention and actual usage, but the direction is negative. This suggests that once users already trust QRIS and have incorporated it into their payment habits, stronger intention adds only limited incremental influence to their level of actual use. The overall implication is that broader QRIS adoption among MSMEs depends on simultaneous progress in financial literacy, risk reduction, and visible security assurance. Viewed from the perspective of Islamic finance, the results also indicate thatt Islamic banks, Islamic microfinance institutions, and other sharia-compliant intermediaries are well positioned to encourage digital financial inclusion by linking QRIS expansion with financial education and reliable payment security.
Copyright (c) 2026 Rony Arpinto Ady, Lintang Pamugar Mukti Aji, Endah Kristiani https://creativecommons.org/licenses/by/4.0
Pengaruh Pertumbuhan Ekonomi, Inflasi, BI Rate dan Nilai Tukar Rupiah terhadap Nilai Aktiva Bersih (NAB) Reksa Dana Syariah di Indonesia
The net asset value (NAV) of Islamic mutual funds in Indonesia has fluctuated significantly in recent years and remains lagging behind conventional mutual funds. This situation creates uncertainty for investors and indicates the influence of external factors, particularly macroeconomic variables, on the performance of Islamic mutual funds. The main focus of this research is to identify the influence of macroeconomic indicators, including economic growth, inflation, the BI Rate, and the rupiah exchange rate, on the NAV of Islamic mutual funds in Indonesia. The data used is secondary data with a monthly time series pattern. This secondary data was obtained from official publications released by Bank Indonesia, the Financial Services Authority, the Ministry of Trade of the Republic of Indonesia, and the World Bank. The data period studied covers the period from April 2016 to September 2025. Data analysis uses a Vector Error Correction Model (VECM) approach. The long-term VECM estimation results indicate that economic growth, the BI Rate, and the rupiah exchange rate significantly influence the NAV of Islamic mutual funds. Meanwhile, the inflation variable does not show a significant effect on the NAV of Islamic mutual funds in the long term.
Copyright (c) 2026 Refi Mariska Junaidi, Fira Nurafini https://creativecommons.org/licenses/by/4.0
Pengaruh Rasio Keuangan Terhadap Penyaluran Zakat di Lazismu kota Pekalongan
This research focuses on analyzing the impact of financial ratios on the zakat distribution process at LAZISMU Pekalongan City. The independent variables include the distributed zakat ratio, the collection efficiency ratio, the amil's right to zakat ratio, and the zakat revenue growth ratio, while the dependent variable is zakat distribution itself. The approach used is quantitative, relying on secondary data from LAZISMU Pekalongan City's financial reports for the 2022–2024 period, which were converted into monthly data totaling 36 observations. Data collection was carried out through a documentation study of the financial reports. Data analysis applied multiple linear regression using SPSS 26 software, accompanied by classical assumption tests, partial t-tests, simultaneous F-tests, and R² coefficient of determination tests. The research findings revealed that partially, the distributed zakat ratio, collection efficiency ratio, and the amil's right to zakat ratio did not show a significant influence on zakat distribution. Only the zakat revenue growth ratio had a positive influence, although it had not yet reached the 0.05 level of significance. Simultaneously, these four independent variables significantly influenced zakat distribution. The adjusted R-squared value reached 0.341, meaning the independent variables explained 34.1 percent of the variation in zakat distribution, with the remainder influenced by factors outside the model.
Copyright (c) 2026 Elita Brilianti, Saebani https://creativecommons.org/licenses/by/4.0
Pengaruh Literasi Keuangan Syariah dan Religiusitas terhadap Keputusan Menggunaan Produk Bank Syariah
This study aims to analyze the influence of financial literacy and religiosity on people's decisions to use Islamic banking services. This study examines the influence of financial literacy partially, religiosity partially, and the influence of both simultaneously on the decision to use Islamic banking services. This study uses a quantitative approach through a survey data collection method. The research sample consisted of 100 respondents from the Kebayoran Lama Selatan District community. The number of respondents was determined using the Slovin formula. Data were obtained through a Likert scale questionnaire instrument and then analyzed using linear regression analysis. First, the data were confirmed for their feasibility through validity, reliability, and classical assumption tests. The results show that financial literacy and religiosity have a positive and significant impact on people's decisions to use Islamic banking services simultaneously (F = 138.482; sig = 0.000). The Adjusted R2 value shows 0.735, explaining that both variables are able to explain 73.5% of the variation in decisions, while the remainder is explained by other factors outside the research model. Partially, financial literacy has a positive and significant effect on the decision to use Islamic banking services (t=3.186; sig=0.002). Religiosity also has a positive and significant effect on people's decisions (t=13.469; sig=0.000). This indicates that religiosity dominates the influence on decisions.
Copyright (c) 2026 Sinta Purwanti, Iin Emy Prastiwi, Agus ` Marimin https://creativecommons.org/licenses/by/4.0
Analisis Pengaruh Ulasan Produk, Persepsi Harga, dan Live Streaming Marketing terhadap Minat Beli Produk Halal di Tiktok Shop
This study aims to explore the impact of product reviews, price perceptions, and live-streaming marketing on purchase intent for halal products on TikTok Shop. The rapid growth of social commerce, particularly through TikTok Shop, has transformed the way consumers shop online. The methodology used in this study is a quantitative approach involving 397 Generation Z respondents in Bengkulu City. Data collection was conducted by distributing a Likert-scale questionnaire. Data analysis was performed using SPSS, including validity and reliability testing, classical assumption tests, multiple linear regression analysis, t- and F-tests, and the coefficient of determination (R²). The research findings indicate that product reviews, price perception, and marketing via live streaming have a positive and significant influence on purchase intent, both individually and collectively. Among these variables, marketing via live streaming was found to have the most dominant impact. The coefficient of determination indicates that 53,8% of the variation in purchase intent can be explained by these three variables.
Copyright (c) 2026 Hany Meridha Isnaeni, Evan Stiawan, Debby Arisandi https://creativecommons.org/licenses/by/4.0
Analisis Pengaruh Etika Bisnis Islam terhadap Tingkat Kepuasan Pelanggan Toko Kencana Wangi Karanganyar
This study aims to examine the influence of Islamic business ethics dimensions (Shiddiq, Amanah, Tabligh, and Fathonah) on customer satisfaction at Kencana Wangi Store, Karanganyar. A quantitative approach was employed with the Slovin formula to determine 55 respondents from a population of 120 customers. Data were collected through a Likert scale 1-5 questionnaire and analyzed using multiple linear regression with SPSS. Results show that simultaneously all four dimensions significantly influence customer satisfaction (F = 35.111; Sig. 0.000; R² = 0.737). Partially, Amanah (t = 2.888; Sig. 0.006) and Fathonah (t = 3.940; Sig. 0.000) have a positive and significant effect, while Shiddiq (Sig. 0.340) and Tabligh (Sig. 0.374) are not significant. Fathonah is the most dominant variable with the highest Beta value of 0.503. These findings underscore the importance of developing staff competence and professionalism in enhancing Islamic values-based customer satisfaction.
Copyright (c) 2026 Anwar Achmadi, Muhammad Tho’in, Agus Marimin https://creativecommons.org/licenses/by/4.0
Analisis Akuntabilitas Lembaga Filantropi Islam di Aceh dalam Perspektif Maqashid Syariah
This study aims to analyze online accountability disclosure through a model developed based on the perspective of maqashid shariah. The research was conducted at Baitul Mal of Aceh Province as a public fund management institution administering Zakat, Infaq, Sadaqah (ZIS), and waqf. The study employs a quantitative approach using content analysis of information presented on the institution’s official website. The findings indicate that Baitul Mal of Aceh Province has achieved a high level of accountability disclosure in the dimensions of safeguarding the human self (83.33%) and preserving the value of human life (82.61%). Meanwhile, the dimensions of safeguarding society and protecting the physical environment each demonstrate an achievement level of 75.00%. These results suggest that the utilization of online media has relatively comprehensively supported the fulfillment of accountability based on maqashid syariah, although there remains room for strengthening the social and environmental dimensions. This study contributes to the development of the literature on online accountability within the context of Islamic philanthropy and offers practical recommendations for optimizing digital strategies in the accountability practices of public Islamic fund management institutions.
Copyright (c) 2026 Muhammad Ichsan Adnan, Fahmi Makraja, Rizka Azhari, Intan Farhana https://creativecommons.org/licenses/by/4.0
Peran Akuntansi Syariah dalam Pencegahan Fraud Pengelolaan Dana Haji di Indonesia
The management of Hajj funds constitutes a public trust involving a substantial amount of pilgrims’ funds and a long-term management horizon. The complexity of fund management, exposure to moral hazard, and high public expectations make Hajj funds vulnerable to fraud if not supported by governance with strong integrity and an adequate accounting system. This study aims to examine the role of Islamic accounting in embedding the values of integrity and amanah (trustworthiness) as mechanisms for fraud prevention in the management of Hajj funds. The research employs a qualitative descriptive approach through a literature review of regulations governing Hajj fund management, particularly Law Number 34 of 2014, policies of the Hajj Financial Management Agency (BPKH), and Islamic accounting standards (Sharia Accounting Standards/PSAK Syariah). The findings indicate that Islamic accounting functions not only as a financial reporting system but also as an ethical instrument, an internal control mechanism, and a form of moral accountability grounded in Sharia values. The synergy between BPKH regulations and the implementation of PSAK Syariah plays a strategic role in narrowing opportunities for fraud and enhancing the trust of Hajj pilgrims as the rightful owners of the funds.
Copyright (c) 2026 Eko Sudarmanto, Dwi Saleha, Irwan Irawadi Barus, Ahmad Zaki Mubarok, Mutia Pamikatsih https://creativecommons.org/licenses/by/4.0
Peran KSPPS Nur Insani Karanganyar dalam Pengembangan Ekonomi Mikro Berbasis Syariah
This research aims to analyze the role of KSPPS Nur Insani Karanganyar in providing access to Sharia financing and its contribution to the development of members' micro-businesses. The research method used is descriptive qualitative with data collection techniques through interviews, observation, and documentation. Data analysis was carried out through stages of reduction, data presentation, and drawing conclusions combined with SWOT strategy analysis. The results show that KSPPS Nur Insani plays an important role as an alternative institution for micro-businesses through fast service processes and the use of Sharia contracts. SWOT analysis reveals that the main strength lies in community trust and humanistic services, while the main obstacles are limited human resources and lack of digitalization . The formulated development strategies include service digitalization, human resource capacity building, and strengthening monitoring to mitigate the risk of default.
Copyright (c) 2026 Anton Pradigdyo, Muhammad Tho’in, Iin Emy Prastiwi https://creativecommons.org/licenses/by/4.0
Baitul Maal wat Tamwil (BMT) Digital Transformation Strategy in Accelerating MSME Empowerment: A Systematic Literature Review (2019-2025)
This research aims to synthesize and map the strategy for empowering Micro, Small, and Medium Enterprises (MSMEs) through Islamic microfinance institutions, especially Baitul Maal wat Tamwil (BMT), in the midst of the massive acceleration of the digital economy. The main focus of this study is to analyze how digital transformation can answer the challenges of capital accessibility, financial inclusion, and service efficiency for micro business actors. Using the Systematic Literature Review (SLR) method through the PRISMA protocol, this study synthesized 35 key articles filtered from reputable databases (Scopus, Crossref, and Google Scholar) in the publication time range of 2019 to 2026. The results of the study show that the main key to the success of MSME empowerment lies in three integrative pillars: (1) the adoption of Financial Technology (fintech) in sharia operations to expand the range of services, (2) the digitization of Islamic philanthropic instruments (ZISWAF) as sustainable productive capital, and (3) digital literacy improvement programs for business actors. The research findings confirm that the digital synchronization of the functions of Maal and Tamwil is able to accelerate the achievement of economic independence in line with the principles of Maqashid Sharia. However, structural challenges such as cybersecurity risks, regulatory inequality, and low digital literacy of human resources remain critical obstacles. This research provides managerial implications in the form of a strategic roadmap for Islamic microfinance managers to standardize technology to create an inclusive, transparent, and sustainable microfinance ecosystem in the industrial era 5.0.
Copyright (c) 2026 Sulton Fatoni, Ach Bakir, Ulya Dharodjah https://creativecommons.org/licenses/by/4.0
Impact of Policy Guarantee on the Development of the Sharia Insurance Industry in Indonesia
This research examines the impact of policy guarantees on the Sharia insurance industry in Indonesia, focusing on analyzing the factors causing claim payment failures by insurance companies and the roles of the Financial Services Authority (OJK) and the Deposit Insurance Corporation (LPS) in addressing these issues. The research employs SWOT analysis to identify the strengths, weaknesses, opportunities, and threats in the policy guarantee program. The findings suggest that policy guarantees can enhance customer trust and the stability of the Sharia insurance industry, although challenges remain such as incomplete regulatory support and low levels of public education. The policy guarantee program can be an aggressive growth strategy for the Sharia insurance industry by leveraging existing strengths and opportunities, while mitigating weaknesses and threats. This research contributes by providing insights into the importance of policy guarantees as a tool for improving customer protection and promoting the development of the Sharia insurance industry in Indonesia.
Copyright (c) 2026 Abdul Ghoni, Erny Arianty https://creativecommons.org/licenses/by/4.0
Analisis Konsep Bunga dalam Matematika dan Kaitannya dengan Praktik Riba dalam Ekonomi Islam
The concept of interest in financial mathematics plays an important role in various modern financial activities, but its meaning often conflicts with Islamic economic principles that prohibit usury. This study aims to analyze the fundamental differences between the concept of interest as a mathematical calculation instrument and usury as an additional practice that is unlawful in debt transactions according to Islamic law. Using a qualitative approach through a literature review method, this study examines the theories of simple and compound interest in mathematics as well as the views of Islamic jurisprudence and economics on usury. The findings show that interest in mathematics is neutral because it functions as a model for the growth of money value, both linearly and exponentially. Conversely, usury is considered harmful because it causes injustice, excessive financial burdens, and imbalances between lenders and borrowers. The study also found similarities between high interest rates on online loans and the characteristics of al-nasi’ah (deferred usury), mainly due to additional charges that continue to increase due to delayed payments. This study provides a conceptual understanding that links mathematical approaches and Sharia perspectives, and emphasizes the importance of financial literacy and understanding Islamic principles in financial decision-making. Further research is needed to evaluate the application of Sharia financial instruments as a more equitable and sustainable alternative system for society.
Copyright (c) 2026 Cici Utami Salamah, Syahidin https://creativecommons.org/licenses/by/4.0
Pengaruh Sistem Paylater, Literasi Keuangan, dan Pemahaman Ekonomi Syariah terhadap Pola Konsumsi Masyarakat dalam E-Commerce
The development of digital technology has contributed to changes in consumer behavior, particularly through the use of e-commerce and digital financial services such as PayLater. The convenience offered by digital payment systems is assumed to influence consumer consumption patterns. This study aims to examine the effect of PayLater usage, financial literacy, and understanding of Islamic economics on consumer consumption patterns in e-commerce in Colomadu District. This research employs a quantitative approach using a survey method. Data were collected through questionnaires distributed to 100 respondents selected using simple random sampling. The data were analyzed using multiple linear regression preceded by validity, reliability, and classical assumption tests, as well as hypothesis testing using t-test and F-test. The results show that partially, PayLater usage and understanding of Islamic economics do not have a significant effect on consumer consumption patterns. In contrast, financial literacy has a significant effect on consumption patterns. Simultaneously, PayLater usage, financial literacy, and understanding of Islamic economics have a significant effect on consumption patterns. These findings indicate that financial literacy plays a more dominant role in shaping consumer behavior compared to the convenience of digital payment systems and the understanding of Islamic economic values.
Copyright (c) 2026 Nurul Munawaroh, Iin Emy Prastiwi, Muhammad Tho’in https://creativecommons.org/licenses/by/4.0
Implementasi Akad Istishna Produk Pembiayaan KPR Syariah Pada Bank Syariah Nasional Tinjauan Fatwa DSN MUI No: 06/DSN-MUI/IV/2000
This study aims to analyze the implementation of the istishna’ contract in the KPR Indent IB home financing product at Bank BTN Syariah (BSN) and to assess its compliance with DSN-MUI Fatwa No. 06/DSN-MUI/IV/2000 concerning Istishna’ Sale and Purchase. The background of this research is based on the increasing public demand for home ownership through sharia-compliant financing schemes that are free from elements of riba (usury) and gharar (uncertainty). This research employs a descriptive qualitative method with a case study approach. Data were collected through observation and interviews with officials of Bank BTN Syariah/BSN, Harmoni Branch, Central Jakarta, as well as a partner property developer in the Depok area. The data analysis technique applied the Miles and Huberman model, which includes data collection, data reduction, data display, and conclusion drawing. The findings indicate that the implementation of the istishna’ contract in the KPR Indent IB product fulfills the essential pillars and conditions stipulated in the DSN-MUI Fatwa, particularly in terms of payment provisions, clarity of the contract object specifications, delivery mechanisms, and financing risk management. The margin scheme is determined as fixed or tiered without altering the principal price agreed upon at the inception of the contract, thereby avoiding elements of gharar. Risk management is conducted through warning mechanisms, restructuring measures, collateral execution in cases of default, and the imposition of ta’zir penalties allocated to charitable funds. It can therefore be concluded that the implementation of the istishna’ contract in the KPR Indent IB financing product at Bank BTN Syariah/BSN is substantially in accordance with sharia principles and the applicable fatwa regulations in Indonesia.
Copyright (c) 2026 Azhar Taufik, Dina Febriani, Asep Supyadillah, Hesty Ade Sulistia https://creativecommons.org/licenses/by/4.0
Efisiensi & Efektivitas Pengelolaan Dana Zakat di Lazismu Kota Pekalongan Periode 2019-2024 Dengan Metode: Data Envelopment Analysys (DEA) & Alocation To Collection Ratio (ACR)
This study aims to analyze the efficiency and effectiveness of zakat fund management at Lazismu Pekalongan City during the 2019–2024 period. This study employs a descriptive quantitative approach. The data used are secondary data derived from the financial reports of Lazismu Pekalongan City for the years 2019–2024. Efficiency was measured using the Data Envelopment Analysis (DEA) method with Constant Return to Scale (CRS) and Variable Return to Scale (VRS) models, employing both input-oriented and output-oriented approaches. Meanwhile, effectiveness was measured using the Allocation to Collection Ratio (ACR). The research results show that during most of the observation period at Lazismu Pekalongan City, efficiency levels reached 100%, specifically in 2019, 2020, 2021, and 2023. However, in 2022 and 2024, inefficiencies persisted, with efficiency values of 85.1% and 46.4%, respectively, in the CRS model. In the VRS model, inefficiency occurred only in 2024, with an efficiency value of 52.7% in the input-oriented approach and 81.6% in the output-oriented approach. Meanwhile, the results of effectiveness measurement using the ACR ratio indicate that Lazismu Pekalongan City performance falls within the effective to highly effective category, with ACR values ranging from 81% to over 100%.
Copyright (c) 2026 Firda Septiyani, Fadli Hudaya https://creativecommons.org/licenses/by/4.0
Pengelolaan dan Pemanfaatan Sumber Daya Alam di Desa Sojomerto Kecamatan Gemuh Kabupaten Kendal Perspektif Islam
Natural resources are a gift from Allah SWT. Which is given to humans so that they can be managed and utilized properly and wisely for the prosperity of human life, therefore natural resources need to be preserved and maintained as well as possible. This research was conducted with the aim of integrating the values ​​of Islamic sharia principles in managing and utilizing existing natural resources. This study uses a qualitative research method with a descriptive approach. With descriptive research, researchers try to describe events and incidents that are currently the center of attention without being biased towards certain parties. The results of the study show that the management and utilization of natural resources in Sojomerto are required ethically in accordance with Islamic principles for sustainable development, where in Islam humans are required to maintain and also preserve nature for the welfare of humans themselves. In the management and utilization of Islamic principles, several principles are needed, namely the principle of Grace towards nature, the principle of Responsibility, the principle of Solidarity, the principle of Compassion and concern for nature
Copyright (c) 2026 Nur Annurroin https://creativecommons.org/licenses/by/4.0
Strategi Manajemen Risiko Pembiayaan Perbankan Syariah dalam Menghadapi Bencana Alam: Studi Literatur
Natural disasters represent external risks that can affect the stability of Islamic banking, particularly in the financing sector. These impacts may increase problematic financing due to the disruption of customers’ economic conditions. This study aims to analyze risk management in Islamic banking in dealing with external risks caused by natural disasters and to examine mitigation strategies based on literature review. This study employs a library research method with a descriptive qualitative approach. The data used are secondary data obtained from academic journals, books, regulations issued by the Financial Services Authority (OJK), and fatwas of the National Sharia Council (DSN-MUI). The results show that financing risk management is conducted through stages of identification, measurement, monitoring, and control. Mitigation strategies include financing restructuring, rescheduling of payments, and feasibility analysis using the 5C approach. In addition, OJK regulations and DSN-MUI fatwas serve as the foundation to ensure compliance with Sharia principles. The conclusion, risk management in Islamic banking in dealing with natural disasters requires a systematic, adaptive, and integrated approach to maintain stability and sustainability.
Copyright (c) 2026 Siti Fazriah, Setya Indrawanto, Yudi Riyanto https://creativecommons.org/licenses/by/4.0
Peran Koperasi Syariah Barokah SMK Batik 2 Surakarta dalam Mensejahterakan Anggota Melalui Pemberian Pembiayaan
This study aims to analyze the role of the “Barokah” Sharia Cooperative at SMK Batik 2 Surakarta in improving the welfare of its members through financing, as well as to examine the impact of such financing on members’ economic conditions. This research employs a qualitative approach, with data collected through interviews and observations. The results indicate that the “Barokah” Sharia Cooperative operates based on sharia principles derived from the Qur’an and Hadith, ensuring that all activities comply with Islamic law and provide benefits to its members. Furthermore, the management of the cooperative by individuals with a strong understanding of Islamic economics plays a crucial role in enhancing members’ awareness of the benefits and advantages of sharia-based transactions. The financing provided has proven to help meet members’ financial needs and contribute to improving their welfare. Therefore, the “Barokah” Sharia Cooperative serves as an alternative financial institution aligned with sharia principles and supports the sustainable economic development of its members.
Copyright (c) 2026 Endwie Hidayat, Iin Emy Prastiwi, Sumadi https://creativecommons.org/licenses/by/4.0
Implementasi Nilai-Nilai Kewirausahaan Islami Di Pondok Pesantren Darul Falah Amtsilati
This study aims to describe the implementation of Islamic entrepreneurship values in the Darul Falah Amtsilati Islamic boarding school, focusing on the application of the values of honesty, trustworthiness, independence, creativity and Islamic work ethic in the management of pesantren business units such as minimarkets, building shops and Amtsilati Water drinking water companies. This research uses a qualitative method with a case study approach through observation, interviews and documentation of santri, administrators and ustadz who are directly involved in entrepreneurial activities. The results of this study show that Islamic entrepreneurship in this pesantren not only contributes to the economic independence of the pesantren, but also forms the character of entrepreneurial santri. However, this study found challenges, including the low interest of some santri in entrepreneurship and limited entrepreneurship training. The implications of this research confirm the importance of training programmes, as well as collaboration with external parties to strengthen the competitiveness of pesantren businesses. This research is expected to provide broad social benefits and strengthen the role of pesantren as centres of education and economic development based on Islamic values.
Copyright (c) 2026 Muhammad Musa Safa Rosada, Aan Zainul Anwar https://creativecommons.org/licenses/by/4.0
Analisis Proyeksi Harapan Lama Sekolah dalam Perspektif Maslahah: Studi Komputasi Grey GM(1,1) di Kota Palangka Raya
This research aims to analyze and project the direction of human capital accumulation in Palangka Raya City through the School Expectancy Length (SEL) indicator. Within the framework of Islamic economics, human capital accumulation is viewed as a fundamental instrument for achieving maslahah through the reinforcement of intellectual capacity (Hifdz al-Aql). This study employs a descriptive quantitative approach using secondary time-series data from the Central Bureau of Statistics for the period 2010–2025. Data analysis was conducted using the mathematical modeling of the Grey Forecasting Model GM(1,1), which is superior in predicting trends with limited data without relying on strict statistical distribution assumptions. The results indicate that this model has a very high level of accuracy with a Mean Absolute Percentage Error (MAPE) of 0.865%. Based on the projection results, the School Expectancy Length in Palangka Raya City is predicted to continue rising, reaching 15.47 years by 2030. Substantively, these findings confirm a consistent expansion of human capital, where the future school-age population is projected to be capable of attaining a Bachelor's degree level of education. The implications of this study emphasize the importance of policy synchronization between enhancing human resource capacity and providing strategic employment opportunities to ensure inclusive and sustainable economic welfare in Palangka Raya City.
Copyright (c) 2026 Zulya Desmita, Febrianto Afli, Robiatul Witari Wilda, Mega Yumia https://creativecommons.org/licenses/by/4.0
Islamic Banking, Political Economy, and Financial Development: A Bibliometric Mapping of Global Research Trends Using VOSviewer
This study aims to analyze the global research trends on Islamic banking, political economy, and financial development using a quantitative bibliometric approach. Data were collected from the Scopus database, covering 541 publications published between 2010 and 2025. The dataset was analyzed using VOSviewer to identify the intellectual structure, thematic evolution, and research gaps within the field. The results show a total of 15,632 citations, with an average of 28.88 citations per document and an h-index of 52, indicating a strong academic impact. Keyword co-occurrence analysis identified 104 significant keywords (minimum occurrence: 5), forming five major clusters, with dominant themes including Islamic banking (178 occurrences), financial development (132), and economic growth (119). The network visualization reveals a total link strength exceeding 3,400, reflecting a highly interconnected research structure. Density visualization confirms that financial development and banking performance are the most concentrated research areas, while political economy and innovation-related themes remain less explored. Furthermore, overlay visualization indicates a temporal shift toward emerging topics such as fintech (average year 2022.6), sustainability (2021.9), and ESG (2023.1), although their occurrence levels remain relatively low (12–28). These findings suggest that while Islamic banking has been extensively studied in relation to financial growth, the integration of political economy perspectives and technological innovation is still limited. This study contributes by providing a comprehensive mapping of research trends and identifying critical gaps for future investigation, particularly in strengthening interdisciplinary linkages to support sustainable financial development.
Copyright (c) 2026 Reni Marlina, Lilis Sakuroh, Erry Hendriawan https://creativecommons.org/licenses/by/4.0