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 JIEI didukung sepenuhnya oleh ITB AAS Indonesia (Website : https://itbaas.ac.id atau https://tbaas.id)
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Measuring Pragmatism in Islamic Economic Practice in Southeast Asia
This study aims to examine the foundation for the application of Islamic economics and sustainable development based on Islamic principles in Southeast Asian countries, focusing on three nations recognized among the top 15 in implementing Islamic economics. The Southeast Asian region is highly diverse in terms of economic structure, populism, public education, and government systems. The paper highlights anomalies and pragmatic practices in Islamic economics. Pragmatism in Islamic economic practices is often found among lower- to middle-income groups with limited education, who perceive that the costs (margins) charged by Islamic financial institutions are higher than those of conventional ones. At the national level, Islamic economic pragmatism is reflected in its use as a tool for diplomacy and international economic cooperation. Findings show that all three countries face similar challenges of low inclusiveness in Islamic economic-based development. However, they show positive trends in economic stability due to diversification. In terms of environmental sustainability, Singapore leads in eco-friendly innovation, Malaysia has established a sharia-compliant carbon market, while Indonesia continues to face complex environmental issues. Regarding social sustainability, all three countries share the common issue of high socio-economic inequality.
Copyright (c) 2026 Muhammad Helmi Falah, Fety Widianti Aptasari https://creativecommons.org/licenses/by/4.0
Pengaruh Pengguna E-Money di Shopee terhadap Keputusan Pembelian yang Sesuai dengan Prinsip Syariah pada Mahasiswa FEBI UNZAH
This study aims to determine the influence of e-money usage on Shopee on Sharia-compliant purchasing decisions among students of the Faculty of Economics and Business (FEBI) of Zainul Hasan Genggong Islamic University (UNZAH) in the class of 2022. This study used a quantitative approach with a survey method. The sample size was 103 respondents, determined using a total sampling technique. Data were collected using a Likert-scale questionnaire and analyzed using SPSS, including tests for validity, reliability, normality, simple linear regression, correlation coefficient, and coefficient of determination. The results indicate that e-money usage on Shopee has a positive and significant effect on Sharia-compliant purchasing decisions, with a significance value of 0.000 < 0.05 and a regression coefficient of 0.390. The correlation coefficient (R) of 0.512 indicates a moderate relationship, while the coefficient of determination (R²) of 0.262 indicates that 26.2% of purchasing decisions are influenced by e-money usage on Shopee, with the remainder influenced by other factors. Thus, e-money users contribute to students' purchasing decisions, but still require controls to ensure compliance with Sharia principles.
Copyright (c) 2026 Sri Utami, Zahida I'tisoma Billah, Yeni Kartikawati https://creativecommons.org/licenses/by/4.0
Integrasi Kualitas Sumber Daya Manusia, Sertifikasi Halal dan Digitalisasi sebagai Pendorong Kinerja Berkelanjutan UMKM
The implementation of sustainable performance has become essential for businesses that integrate economic, social, and environmental aspects. This condition requires business actors to balance profit growth with social responsibility and environmental preservation to ensure long-term business sustainability. This study aims to analyze the factors influencing the sustainable performance of Micro, Small, and Medium Enterprises (MSMEs) in the food and beverage sector in Kediri City. The method used is a quantitative approach with primary data obtained through the distribution of questionnaires. Data analysis was conducted using the Partial Least Squares-Structural Equation Modeling (PLS-SEM The results indicate that Human Resource Quality, Halal Certification, and Perceived Ease of Use have a significant effect on Sustainable Performance. Meanwhile, Perceived Usefulness does not have a significant impact on Sustainable Performance. Therefore, MSMEs actors need to strengthen their competencies, optimize halal production standards, and utilize digital technology as key strategies to support the implementation of sustainable performance.
Copyright (c) 2026 Desnita Dwireni, Ach. Yasin https://creativecommons.org/licenses/by/4.0
A Time Series Analysis of Macroeconomic Factors Influencing the Movement of the Indonesian Sharia Stock Index Between 2018 - 2024
The purpose of this study is to investigate how the Indonesian Sharia Stock Index (ISSI) is affected by current macroeconomic data between 2018 and 2024. These indicators include inflation, the money supply, the IDR/USD ratio, and the 7-Day BI Reverse Repo Rate. The quantitative methodology of this study uses time-based observations as secondary data. The technique used is multiple linear regression analysis. Before estimating, the Augmented Dickey Fuller (ADF) test is used to evaluate stationarity. Additionally, the validity and robustness of the model are confirmed using the traditional assumptions about multicollinearity, heteroscedasticity, and autocorrelation. When compared side by side, the findings demonstrate that every macroeconomic issue has a major impact on ISSI. Nevertheless, only the exchange rate had a statistically significant detrimental effect on ISSI in the partial study, indicating that a decline in currency value is associated with a decline in the index. Although their interactions are in line with theoretical expectations, inflation, BI interest rates, and the money supply do not exhibit a statistically significant influence. This study adds empirical literature that is relatively rare on the Islamic stock index by observing a long period of time that includes the pre-pandemic, pandemic, and post-pandemic phases. This provides new information about the responsiveness of ISSI to macroeconomic factors. The aforementioned results indicate that maintaining tukar stability is crucial for improving the Islamic market's efficiency. Because of this, those who create regulations and policies are encouraged to take steps to stabilize the value of the currency, while investors are encouraged to increase the flow of money when making investment decisions. The existing methodology and the utilization of domestic macroeconomic indicators form the foundation of this study. In the past, research has been conducted to analyze global factors and employ more sophisticated econometric techniques in order to get more comprehensive conclusions.
Copyright (c) 2026 Alfaridzi Akasyah, Alfin Jeremias Dharma Prasetyo, Aditya Syahputra, Tri Wahyu Indah Lestari, Rahma Septiani Adillah, Tina Lailasari https://creativecommons.org/licenses/by/4.0
Optimalisasi Instrumen Keuangan Sosial Islam dan Fintech Syariah dalam Pengentasan Kemiskinan dan Pembangunan Ekonomi
This study examines the effect of zakat and sharia fintech on poverty in Indonesia. The study employs a quantitative approach using quarterly time-series data from 2015Q1 to 2025Q4. Data were analyzed using multiple linear regression supported by stationarity and cointegration tests. Poverty is the dependent variable, while zakat and sharia fintech are independent variables. The results show that both zakat and sharia fintech have a negative and significant effect on poverty. The findings indicate that zakat contributes to poverty reduction by redistributing income and empowering individuals. At the same time, sharia fintech supports financial inclusion by expanding access to financial services and financing opportunities, particularly for micro, small, and medium enterprises (MSMEs). Furthermore, the cointegration test confirms the existence of a long-term relationship among the variables. These results highlight the importance of integrating Islamic social finance and digital financial innovation to support sustainable poverty reduction in Indonesia.
Copyright (c) 2026 Ilham Rakha Aldias Ramadhan, Mohammad Setiawan Budi, Irman Nofal, Nurhasyim, Natasya Putri https://creativecommons.org/licenses/by/4.0
Regulatory Readiness of Halal Tourism Destinations Development in West Kalimantan
This research sought to represent the various halal destinations in Sambas Regency. The tourism industry contributes to the economic development of numerous districts. It is not difficult to develop halal tourism in West Kalimantan, in general and in Sambas Regency in particular, because the Muslim population is large and the region offers a variety of natural and cultural tourist attractions. All of its strategically significant tourist locations are expected to contribute to the growth of halal tourism. As a result, the purpose of this research is to describe tourist attractions as one of the most important locations worldwide. Instead of relying on specific concepts or theories to describe halal tourism, this study employs a qualitative descriptive approach using content analysis. According to the study, West Kalimantan is one of the provinces with a diverse range of tourism destinations, including religious, cultural, maritime, and natural landmarks. Geographically, the region shares a direct border with Sarawak in East Malaysia. Sambas Regency is one of the cross-border entries that have been formally opened, along with PLBN Aruk. Unfortunately, although the majority of the population is Muslim, no standards define a clear concept of halal tourism. However, there are no Sharia-compliant travel agencies, Sharia tour guides, or Sharia tour packages available; Kal-Bar has not been listed in the central government's halal tourism destination program; and there are no halal-certified hotels.
Copyright (c) 2026 Nurlia, Ita Nurcholifah, Aiyub Anshori https://creativecommons.org/licenses/by/4.0
The Influence of Company Characteristics and The Size of The Sharia Supervisory Board on Islamic Social Reporting
This study aims to determine the effect of profitability, company size, company age, and the size of the Sharia Supervisory Board on Islamic Social Reporting (ISR). This research is motivated by the importance of transparency and accountability in social reporting, in accordance with Sharia principles, within Islamic financial institutions and by differences in previous research results. This study used a sample of Islamic commercial banks in Indonesia registered with the Financial Services Authority (OJK) for the 2020-2024 period. The population consisted of 14 companies, resulting in 62 unbalanced data sets. The data analysis technique used was panel data regression in EViews 13. The results of this study indicate that profitability, company size, and company age do not significantly influence Islamic Social Reporting (ISR). Meanwhile, the size of the Sharia Supervisory Board has a significant positive effect on Islamic Social Reporting (ISR).
Copyright (c) 2026 Muhamat Aji Bimatara, Dita Andraeny https://creativecommons.org/licenses/by/4.0
Pengaruh Literasi Keuangan Syariah, Persepsi Risiko, Social Media Influencer, dan Religiusitas terhadap Perilaku Investasi Reksa Dana Syariah pada Generasi Z Muslim di Surabaya
This study is based on the number of Islamic mutual fund investors, which remains lower than that of conventional mutual fund investors, although it has shown a stable growth trend over the years. Generation Z, as the largest investor group in Indonesia, has characteristics closely tied to digital technology and social media that influence their investment behavior. This study seeks to examine the effect of Islamic financial literacy, risk perception, social media influencers, and religiosity on Islamic mutual fund investment behavior among Muslim Generation Z in Surabaya. The research employed a quantitative approach with an associative design. The study involved 200 respondents selected through purposive sampling, with the criteria being Muslim Generation Z individuals aged 17-28 years, residing in Surabaya, and having invested in or currently investing in Islamic mutual funds. The data analysis technique employed was Structural Equation Modeling-Partial Least Squares (SEM-PLS). The results indicate that Islamic financial literacy, social media influencers, and religiosity have a significant effect on Islamic mutual fund investment behavior. Meanwhile, risk perception does not affect Islamic mutual fund investment behavior.
Copyright (c) 2026 Maharani Ayu Sakinah, Clarashinta Canggih https://creativecommons.org/licenses/by/4.0
Pengembangan Usaha Pengrajin Tapis Lampung Terhadap Peningkatan Pendapatan Karyawan Dalam Perspektif Ekonomi Islam
This research is based on the great potential of the Tapis Lampung handicraft business as a creative industry with cultural and economic value for increasing artisans' income. Therefore, business development still faces various obstacles, including suboptimal digital marketing, limited business management, and unstable employee income. The purpose of this research is to analyze the business development of MSME Tapis Jaya and its impact on increasing employee income from the perspective of Islamic economics. The research method used is qualitative field research, and data are collected through observation, interviews, and documentation with business owners and Tapis Jaya artisans. The results of his research show that business development is achieved through product innovation, improved production quality, the use of social media for promotion, and expanded marketing networks. This has a positive impact on employee income, even though it is not optimal due to limited digital technology and market competition. From the perspective of Islamic economics, business development reflects the principles of honesty, justice, responsibility, and appropriate wages.
Copyright (c) 2026 Fitri Delia Nur Imani, M. Yusuf Bachtiar, Okta Supriyaningsih https://creativecommons.org/licenses/by/4.0
Kontribusi Utang Luar Negeri, Sukuk dan Zakat Terhadap Pertumbuhan Ekonomi di Indonesia
This study aims to examine the contribution of external debt, sovereign sukuk, and zakat to economic growth in Indonesia. The research employs a quantitative approach using time series data covering the period 2010–2024. Multiple linear regression is applied as the main analytical method. The empirical results indicate that external debt, sukuk, and zakat jointly have a significant effect on Indonesia’s economic growth. Partially, external debt exerts a positive and statistically significant impact, suggesting that external financing continues to play a productive role when managed efficiently and within sustainable limits. Zakat also shows a positive and significant effect, highlighting its strategic function as an Islamic social finance instrument in promoting inclusive economic growth through income redistribution and enhanced purchasing power among low-income households. In contrast, sovereign sukuk exhibits a positive but statistically insignificant effect, implying that its contribution to economic growth is more structural and long-term rather than immediate.
Copyright (c) 2026 Aisyah Nurhayati, Fitria Nur Farida, Hikmah Endraswati https://creativecommons.org/licenses/by/4.0
Scientific Dynamics and Research Frontiers of Maqashid al Shariah in Islamic Economics: A VOSviewer-Based Bibliometric Exploration
This study aims to analyze the scientific dynamics, intellectual structure, and emerging research frontiers of Maqashid al-Shariah in Islamic Economics through a bibliometric approach. The increasing global development of Islamic economics and the growing integration of maqashid al-shariah into sustainability, ethical finance, and social welfare issues have significantly expanded academic interest in this research domain. However, comprehensive mapping regarding thematic evolution, collaboration networks, and research trends remains limited. This study employed a quantitative bibliometric method combined with a systematic literature review (SLR). Data were collected from the Scopus database using maqashid-related keywords, yielding 192 peer-reviewed publications between 2011 and 2025. The data were analyzed using VOSviewer version 1.6.20 through co-occurrence, co-authorship, co-citation, bibliographic coupling, and overlay and density visualizations. The findings indicate a substantial increase in maqashid al-shariah publications, particularly after 2018, with Malaysia accounting for 58.33% of total publications, followed by Indonesia at 21.88%. The dominant research themes include Islamic banking, Islamic finance, sustainable development, social welfare, ESG, and Islamic social finance. The overlay visualization further reveals the emergence of contemporary topics, including Islamic fintech, the digital economy, and sustainability-oriented Islamic economics. The study concludes that maqashid al-shariah has evolved into an interdisciplinary and globally relevant framework capable of supporting ethical, inclusive, and sustainable economic development.
Copyright (c) 2026 Fadila Nur Afidah Rizki, Innisa Khofifatul Ummah, Aulia Nur Aini, Bambang Sugeng, Luqman Hakim, Moch. Khoirul Anwar https://creativecommons.org/licenses/by/4.0
Implementasi Nilai-Nilai Syariah dalam Pelayanan Pembiayaan Perumahan
This study aims to analyze the implementation of Sharia values in housing financing services at BTN Syariah Solo using a phenomenological approach. The research employed a qualitative, phenomenological design to understand the experiences and meanings constructed by customers and employees regarding Islamic housing financing services. Data were collected through in-depth interviews, observations, and documentation, and analyzed using Moustakas’ phenomenological framework, including epoche, horizontalization, clustering themes, textural description, and structural description. The findings reveal that the implementation of Sharia values is reflected in the use of Sharia-compliant contracts, supervision by the Sharia Supervisory Board (DPS), transparent information practices, and service practices grounded in honesty and justice. The phenomenological findings indicate that customers perceive Islamic housing financing not merely as a means of acquiring a house but also as a way to attain inner peace (tuma’ninah) and blessings in family life. However, limited Islamic financial literacy remains a challenge, as some customers still struggle to distinguish between profit margins and conventional interest. Furthermore, service digitalization has been perceived as an important factor in enhancing transparency, accountability, and customer trust in Islamic banking institutions. This study highlights that the success of Islamic service delivery is determined not only by compliance with Sharia regulations and contracts but also by the institution’s ability to provide spiritual, educational, and social benefits that customers genuinely experience.
Copyright (c) 2026 Hisyam Mubarok, Agus Marimin, Sumadi https://creativecommons.org/licenses/by/4.0
Dinamika Kemiskinan di Indonesia: Analisis Pembiayaan Syariah, Pendidikan dan Ketimpangan (2015-2025)
This study aims to examine the effect of Islamic financing, education, and inequality on poverty in Indonesia. This research employs a quantitative approach using secondary panel data. The data were obtained from the Central Statistics Agency and the Financial Services Authority. The observation period covers 2015–2025 and includes 33 provinces in Indonesia. The data analysis method used is descriptive quantitative analysis, assisted by EViews 12 software. The model applied in this study is the Random Effects Model (REM). The results indicate that Islamic financing has a negative and significant effect on poverty, education has a negative and significant effect on poverty, and inequality has a positive and significant effect on poverty.
Copyright (c) 2026 Enjang Ryan Firmansyah, Mohammad Hamdan Nurhadi, Umamah Mumtazah Askhiyah, Syaeful Bakhri, Abdul Aziz https://creativecommons.org/licenses/by/4.0
Strategi Penguatan Kualitas Laporan Keuangan Masjid dan Pondok Pesantren di Indonesia
The purpose of this study is to examine strategies to improve the quality of financial reports for mosques and Islamic boarding schools in Indonesia. The method used is qualitative research with a library research approach. The data analysis technique used in this study is content analysis, namely by examining in depth the contents of various literature to identify concepts, patterns, and relationships between variables related to strengthening the quality of financial reports. The results indicate that several mosques and Islamic boarding schools are among the institutions that play a role in implementing Islamic economics in Indonesia. However, both institutions still face challenges in preparing financial reports. This is indicated by the presence of several mosques and Islamic boarding schools whose financial reports do not meet standards. The proposed strategy for strengthening financial report quality in this study consists of three: first, optimizing the accounting system. Second, improving the competency of human resources. Third, the need for management support.
Copyright (c) 2026 Enjang Ryan Firmansyah, Sri Rokhlinasari, Alvien Septian Haerisma https://creativecommons.org/licenses/by/4.0
Analisis Potensi, Tantangan dan Prospek Pengembangan Wisata Halal Berbasis Persepsi Generasi Z di Kota Pasuruan
This study aims to analyze the potential, challenges, and prospects of halal tourism development based on Generation Z perceptions in Pasuruan City, particularly in the Pasuruan City Square as a public space with strategic value for Muslim-friendly tourism development. This research employs a qualitative approach with a phenomenological design to understand the subjective experiences and meanings of Generation Z regarding halal tourism. Data collection techniques include in-depth interviews with 10 informants selected through purposive sampling, supported by observation and documentation. Data analysis is conducted using an interactive model consisting of data reduction, data display, and conclusion drawing, with validity ensured through source and technique triangulation. The findings reveal that Pasuruan City Square has strong potential as a halal tourism destination based on public space through the integration of recreational, social, and religious functions, supported by pilgrimage activities, the availability of worship facilities, and good accessibility. However, its development still faces several challenges, including suboptimal facility quality, environmental cleanliness issues, inadequate spatial management, and the absence of formal halal standardization. On the other hand, the development prospects are highly promising, driven by Generation Z’s adaptability to technology and the significant influence of social media in shaping travel interest. Therefore, an integrated development strategy is required, including improving service quality, strengthening halal identity, and optimizing digital promotion.
Copyright (c) 2026 Nurul Rokhis Amelia, Aslikhah, Sukamto https://creativecommons.org/licenses/by/4.0
Analisis hukum syari'ah terhadap praktik jual beli online di Indonesia
The rapid development of information technology has increased the use of online buying and selling through digital platforms. This study aims to analyze the conformity of online trading practices in Indonesia with Islamic legal principles. The research employs a normative-empirical legal method with a descriptive qualitative approach. Data were collected through observation, interviews, documentation, and library research based on the Qur’an, Hadith, DSN-MUI fatwas, and fiqh muamalah literature. The findings indicate that online transactions generally meet the essential elements and requirements of contracts in Islamic law, including the existence of sellers and buyers, the subject of the transaction, prices, and mutual consent expressed through digital media. Digital payment systems are also considered sharia-compliant as long as they do not involve elements of riba, gharar, or maysir. However, several issues remain, including inaccurate product descriptions, delivery delays, and potential fraud. Therefore, improving information transparency, consumer protection, and sharia literacy is necessary to ensure fairer and more sharia-compliant online transactions.
Copyright (c) 2026 Anom Sudibyo Raharjo, Sumadi, Muhammad Tho’in https://creativecommons.org/licenses/by/4.0
Pengaruh Pengetahuan dan Sanksi Pajak terhadap Kepatuhan Wajib Pajak Orang Pribadi: Peran Moderasi Keadilan Pajak dalam Perspektif Fikih Empat Mazhab
This study aims to examine the influence of tax knowledge and tax sanctions on individual taxpayer compliance, with tax fairness as a moderating variable. This study is also complemented by the perspective of the four schools of Islamic jurisprudence (fiqh) in viewing individual taxpayer compliance. The data used are primary data obtained through surveys using questionnaires administered to individual taxpayers at KPP Pratama Cirebon Satu. The research population comprised 151,206 taxpayers, with a sample size of 384 respondents determined using the Raosoft sample size calculator. The data analysis technique used is Partial Least Square (PLS) through the SmartPLS software. The results indicate that tax knowledge and tax sanctions affect individual taxpayer compliance, while tax fairness influences as a moderating variable. The perspective of the four schools of Islamic jurisprudence views taxpayer compliance towards state levies as Obligations that are in line with the principles of public interest and obedience as long as they do not conflict with Islamic law.
Copyright (c) 2026 Khaerunnisanatun, Itah Miftahul Ulum, Agung Yulianto https://creativecommons.org/licenses/by/4.0
Analisis Implementasi Halal Value Chain pada Umkm sebagai upaya Penguatan Ekosistem Industri Halal di Kecamatan Purwodadi, Kabupaten Pasuruan
This study aims to analyze implementation of the halal value chain among MSMEs in Purwodadi District, including the level of understanding and awareness of business actors, the challenges encountered, and efforts to optimize the strengthening of the halal industry ecosystem. This study employs a descriptive qualitative approach. Data collection was carried out through in-depth interviews, observation, and documentation involving ten MSME actors. The data were subsequently analyzed using data reduction, data display, and conclusion-drawing techniques. The findings indicate that the implementation of the halal value chain has been carried out within the framework of national regulations and supported by halal certification policies; however, it is not yet fully integrated. The understanding and awareness of MSME actors vary, where some have implemented halal principles comprehensively, while others are still limited to basic aspects such as hygiene and product safety. The implementation across value chain stages also shows varying levels of application. The main challenges include limited digital literacy, insufficient understanding of the halal concept, uneven halal certification ownership, limited mentoring support, and suboptimal utilization of digital marketing. Optimization efforts are needed through improving digital literacy, strengthening halal understanding, enhancing mentoring programs, and developing digital-based marketing to ensure a more effective and sustainable implementation of the halal value chain.
Copyright (c) 2026 Nadia Ibrahim, Aslikhah, Sukamto https://creativecommons.org/licenses/by/4.0
Nilai-Nilai Ekonomi Islam dalam Konflik Agraria dan Ancaman Satwa Liar pada Masyarakat Desa Penyangga Hutan Kecamatan Suoh
Agrarian conflicts and human-wildlife interactions in forest buffer villages have become critical issues affecting community welfare, yet they are often examined separately and rarely integrated within an Islamic economics perspective. This study aims to analyze the relationship between land ownership conflicts and wildlife threats and their implications for the socio-economic resilience of communities in Suoh District, West Lampung Regency. This research employs a qualitative approach with a phenomenological design. Data were collected through in-depth interviews, observations, and documentation, and analyzed thematically through data reduction, data display, and conclusion drawing. The results indicate that uncertainty in land ownership status due to the disharmony between customary and formal legal recognition limits community access to economic resources, while wildlife disturbances reduce agricultural productivity and increase social risks. The novelty of this study lies in integrating agrarian conflict and human–wildlife conflict within a phenomenological framework based on Islamic economic values. The findings also reveal adaptive strategies developed by communities through social solidarity, collective resource management, and local deliberation to strengthen socio-economic resilience.
Copyright (c) 2026 Asri Mutrikah, Rosydalina Putri, Alief Rakhman Setyanto https://creativecommons.org/licenses/by/4.0
Pengaruh Pengungkapan ESG dan Kebijakan Dividen terhadap Volatilitas Saham Syariah pada Perusahaan JII70
This study aims to analyze the influence of ESG and dividend policy on the volatility of Islamic stocks in companies listed on the Jakarta Islamic Index 70 (JII70) for the 2022–2024 period. The background of this study is based on the increasing market capitalization of Islamic stocks accompanied by high stock price fluctuations, thus raising concerns about the dynamics of risk and stability of the Indonesian capital market post-pandemic. This study uses a quantitative approach with secondary data obtained from annual reports, company intention reports, and stock price data from Yahoo Finance. The sampling technique was purposive sampling, resulting in 31 companies with a total of 93 observations. The analytical method used is panel data regression with the Common Effect Model (CEM). The dependent variable in this study is stock volatility, while the independent variables include ESG and Dividend Yield, with Return on Assets (ROA), Debt to Equity Ratio (DER), and Firm Size as control variables. The results show that Dividend Yield has a positive and significant effect on stock volatility, indicating the dominance of short-term trading behavior such as Dividend Capture. Meanwhile, ESG coverage and the control variables ROA, DER, and company size showed no significant impact. This finding confirms that the volatility of sharia-compliant stocks on the JII70 index is more influenced by short-term market dynamics than fundamental factors and corporate intentions.
Copyright (c) 2026 Nurul Alam, Citra Rahayu Indraswari https://creativecommons.org/licenses/by/4.0
Perbandingan Sistem Pengelolaan Zakat dalam Perspektif Manajemen Ekonomi Syariah: Studi Lintas Negara Muslim
Zakat is an important instrument in the Islamic economic system that functions not only as a religious obligation, but also as a mechanism for wealth distribution and an economic and social policy instrument to reduce poverty and inequality. In the context of modern states, zakat management has developed into an institutional system involving the role of the state, formal regulations, zakat management organizations, and oversight and accountability mechanisms. This article aims to analyze and compare zakat management systems from the perspective of Islamic economic management in Indonesia and a number of selected Muslim countries, particularly Malaysia and Saudi Arabia, using the Planning, Organizing, Actuating, and Controlling (POAC) management framework. This study uses a qualitative approach through a systematic literature review combined with content analysis of national and international journal articles from 2019 to 2025. The results of the analysis show that countries with a state-led approach, such as Saudi Arabia, are relatively superior in planning and supervision functions because zakat is integrated with fiscal and state administration policies, despite having limitations in program implementation flexibility. Malaysia shows a more balanced POAC configuration through a combination of administrative decentralization and strong national coordination, enabling it to achieve operational efficiency and consistent oversight. Meanwhile, Indonesia represents a hybrid model with a high level of non-state actor participation, but still faces challenges in terms of integrated planning, institutional coordination, and consistency of oversight. This study concludes that the effectiveness of zakat management in the contemporary Islamic economy is not determined by a single managerial function in isolation, but rather by the integrated implementation of all POAC functions as a single management system. These findings have important implications for strengthening Islamic economic policy and zakat management in Indonesia so that zakat can function more optimally as an instrument of sustainable socio-economic development.
Copyright (c) 2026 Windatria, Taufiq https://creativecommons.org/licenses/by/4.0
Green Financing: Peran Pembiayaan Berbasis Syariah dalam Transisi Energi Berkelanjutan di Indonesia
The sustainable energy transition has become a strategic agenda for Indonesia to achieve its New and Renewable Energy (NRE) mix target and net-zero emissions by 2060. However, renewable energy development still faces challenges, particularly the limited availability of long-term financing. This study aims to analyze the development of green financing in Islamic banking, its role in supporting the sustainable energy transition, and the challenges of its implementation. This research employs a qualitative method with a library research design. Data were collected from annual reports and sustainability reports of Islamic banks, publications of the Financial Services Authority (OJK) and the Ministry of Energy and Mineral Resources (ESDM), as well as relevant scientific journals. The findings indicate that green financing in Islamic banking showed positive development during 2022–2024, with total financing amounting to IDR 75,137.855 billion in 2022, IDR 66,585.894 billion in 2023, and IDR 73,845.327 billion in 2024. The financing was primarily directed toward renewable energy, energy efficiency, and environmentally friendly projects. However, its implementation still faces challenges related to regulations, sustainable finance literacy, and financing risks. This study concludes that Sharia-based green financing has significant potential to support the acceleration of Indonesia’s sustainable energy transition.
Copyright (c) 2026 Devina Firda Rahman, MH Ainulyaqin, Kisanda Midisen, Sakum, Yudianto Achmad https://creativecommons.org/licenses/by/4.0
Integrasi Nilai Amanah dalam Kepemimpinan Islam: Sintesis Konseptual untuk Operasionalisasi Fungsi Manajemen Sumber Daya Insani
This study aims to analyze how the value of amanah (trustworthiness) can be operationalized within Islamic leadership practices in Human Resource Management (HRM). Unlike previous studies that tend to remain at the normative-theological level, this research offers a conceptual synthesis that translates amanah into measurable managerial indicators within HRM functions. A qualitative approach with a descriptive-analytical design was employed through a systematic library research method covering academic literature from 2022–2026. Data were analyzed using content analysis and thematic analysis to identify conceptual patterns and synthesize key ideas from the literature. The findings reveal that amanah is not merely a normative ethical principle, but can be translated into operational HRM indicators: in planning and recruitment, amanah is reflected through selection objectivity, process transparency, and the elimination of nepotism; while in development and performance evaluation, it is manifested through open performance information and equitable access to competency development. These findings suggest that integrating amanah values can strengthen organizational integrity and accountability, thereby serving as a foundation for designing more ethical and sustainable HRM leadership policies and governance.
Copyright (c) 2026 Muhammad Qasidy, Norvadewi https://creativecommons.org/licenses/by/4.0
Pengaruh Produk Domestik Regional Bruto (PDRB), Pengangguran dan Kemiskinan terhadap Islamic Human Development Index (I-HDI) 38 Provinsi di Indonesia 2023-2025
This study aims to analyze the influence of Gross Regional Domestic Product (GRDP), unemployment rate, and poverty on the Islamic Human Development Index (I-HDI) across 38 provinces in Indonesia during the 2023–2025 period. Secondary data were sourced from Statistics Indonesia (BPS) and analyzed using panel data regression with the Fixed Effect Model (FEM) approach. The results indicate that simultaneously, the three independent variables significantly affect I-HDI with an R2 value of 93.66%. Partially, GRDP and unemployment have a positive and significant impact on I-HDI. The positive coefficient of unemployment presumably represents the characteristics of developed regions with a concentration of educated unemployment who maintain high human capital. Meanwhile, the poverty rate has no significant effect on I-HDI. This insignificance indicates the resilience of Islamic human development against material shocks, which potentially driven by the existence of informal social safety nets from Islamic philanthropic instruments (ZISWAF). This study recommends strengthening inclusive economic policies targeting human capital quality and optimizing the integration of socio-religious instruments.
Copyright (c) 2026 Mardyan Nugraha, Anton Bawono, Rina Rosia https://creativecommons.org/licenses/by/4.0
Tinjauan Hukum Islam terhadap Jual Beli Taqsith di Toko Baju Bu Iroh
This study aims to analyze the implementation of bai' al-taqsith (installment sale) at Bu Iroh Clothing Store and examine its conformity with Islamic legal principles. The research employed a qualitative descriptive field research approach. Data were collected through observation, interviews, documentation, and literature review, and then analyzed using the perspectives of fiqh muamalah, the legal maxim al-'adah muhakkamah, and the concept of gharar. The findings reveal that the installment sale practice at Bu Iroh Clothing Store fulfills the essential pillars and requirements of a valid sale in Islamic law, including the presence of seller, buyer, object of sale, price, and mutual consent. The installment payment system is based on trust and local customs without a specifically determined repayment schedule. This practice can be classified as 'urf shahih (valid custom) and is consistent with the principle of al-'adah muhakkamah because it does not contradict Islamic legal principles. Although there is an element of uncertainty regarding the repayment period, it falls within the category of gharar yasir (minor uncertainty), which is tolerable and does not invalidate the contract. The study demonstrates that Islamic law is flexible in accommodating customary economic practices as long as they remain within the framework of Sharia principles.
Copyright (c) 2026 Khomsin Mubarok, Ahmad Muhaini, Hari Widiyanto https://creativecommons.org/licenses/by/4.0
Faktor – Faktor yang Mempengaruhi Kualitas Laporan Keuangan pada Baitul Maal Wat Tamwil (BMT) Provinsi Jawa Tengah
The quality of financial statements is a crucial indicator in assessing the accountability and performance of financial institutions, including Baitul Maal wat Tamwil (BMT). Factors such as Accounting Information Systems, Internal Control Systems, Financial Accounting Standards, and Accounting Understanding are considered to influence the quality of financial reporting. This study employed a quantitative approach using a random sampling technique, involving 126 BMTs in Central Java Province as research respondents. Data were collected through questionnaires and analyzed using Structural Equation Modeling (SEM) based on Partial Least Squares (PLS). The results indicate that Accounting Information Systems, Internal Control Systems, and the implementation of Financial Accounting Standards have a positive and significant effect on the quality of financial statements. Meanwhile, accounting understanding shows a positive but not significant effect. Simultaneously, the four variables explain 66.6% of the variance in financial statement quality, while the remaining percentage is influenced by other factors beyond the scope of this study. These findings highlight the importance of strengthening systems, internal controls, and compliance with accounting standards to improve the quality of financial reporting in BMT institutions.
Copyright (c) 2026 Puja Nirma Rizki, Mohammad Ridwan, Andwiani Sinarasri https://creativecommons.org/licenses/by/4.0
Pengukuran Kinerja Lembaga Zakat: Kritik atas Indeks Zakat Nasional Puskas Baznas
This study aims to critically evaluate the relevance of the National Zakat Index (NZI) as a performance measurement instrument for zakat management institutions in Indonesia. The research employs a qualitative approach using a library research method and is analyzed through content analysis techniques. The data sources consist of official National Zakat Index documents published by the Center for Strategic Studies of BAZNAS (Puskas BAZNAS), regulations related to zakat management, and scholarly literature discussing organizational performance measurement and zakat governance. The findings indicate that the NZI plays an important role in supporting the performance evaluation of zakat management at the national level by integrating institutional, governance, and social impact dimensions. However, several indicators within the macro dimension, such as regional regulations and government budget support, are more relevant to BAZNAS than to private zakat institutions (LAZ), potentially creating measurement bias. Furthermore, the development of modern zakat governance highlights the need to incorporate indicators related to digital transparency, program innovation, service quality, and information technology utilization. This study recommends reconstructing the NZI by refining its indicators to make it more inclusive, objective, and adaptive to the evolving zakat ecosystem in Indonesia.
Copyright (c) 2026 Hashfi Hizrian Atiqi https://creativecommons.org/licenses/by/4.0
Strategi Pelaku Wisata dalam Meningkatkan Ekonomi Lokal Berbasis Islam di Daerah Kemuning
This research was conducted in Kemuning Village, Ngargoyoso District, Karanganyar Regency, Central Java, which is developing as an Islamic-based tourism destination supported by the natural potential of the slopes of Mount Lawu. This study aims to analyze the strategies of tourism actors in enhancing the Islamic-based local economy and to identify the supporting factors and their impact on community welfare. A descriptive qualitative approach was employed, with data collection techniques including interviews, observation, and documentation. The novelty of this research lies in the analysis of integrating the Resource Support Strategy with Islamic-based tourism principles through collaboration among BUMDes (Village-Owned Enterprises), MSMEs, and local transportation service providers. The results indicate that destination development is achieved by providing Muslim-friendly facilities, such as worship facilities and halal culinary options, as well as optimizing natural resources and community participation. Successful implementation is supported by natural attractions, adequate accessibility, and synergy among stakeholders. The resulting impacts include an increase in Village Original Income (PADes), job creation, the growth of local MSMEs, and the strengthening of economic practices aligned with sharia principles. This study concludes that Islamic-based tourism in Kemuning Village is capable of driving sustainable local economic growth while maintaining Islamic values in destination management.
Copyright (c) 2026 Fitri Agus Suprianto, Iin Emy Prastiwi, Muhammad Tho’in https://creativecommons.org/licenses/by/4.0
Pengaruh Faktor-faktor Kualitas Pelayanan Terhadap Kepuasan Nasabah di Bank Syariah Indonesia (BSI) KCP Solo Urip Sumoharjo
This study aims to analyze the effect of service quality dimensions, namely tangible, reliability, responsiveness, assurance, and empathy, on customer satisfaction at Bank Syariah Indonesia (BSI) KCP Solo Urip Sumoharjo. The study employed a quantitative approach with an explanatory research design. Data were collected through questionnaires distributed to 80 customers selected using a simple random sampling technique. Data analysis was conducted using multiple linear regression, t-test, F-test, and coefficient of determination (R²) with the assistance of SPSS software. The results indicate that service quality simultaneously has a positive and significant effect on customer satisfaction. Partially, all service quality dimensions, including tangible, reliability, responsiveness, assurance, and empathy, have a positive and significant effect on customer satisfaction. Among these dimensions, reliability is the most dominant factor influencing customer satisfaction. The coefficient of determination (R²) of 0.675 indicates that 67.5% of customer satisfaction can be explained by service quality variables, while the remaining 32.5% is influenced by other factors outside the research model. These findings suggest that improving service quality is essential for enhancing customer satisfaction in Islamic banking institutions.
Copyright (c) 2026 Fatahillah, Muhammad Tho’in, Sumadi https://creativecommons.org/licenses/by/4.0
Penerapan Etika Bisnis Islam dalam Aktivitas Ekspor Impor di PT. Anugerah Alfa Lestari
This study examines the implementation of Islamic business ethics in export–import activities at PT Anugerah Alfa Lestari, an export-oriented manufacturing company operating within global trade networks. The increasing complexity of international business transactions requires companies to adopt ethical governance frameworks capable of ensuring transparency, accountability, and sustainability. While previous studies have predominantly focused on the application of Islamic business ethics in Islamic financial institutions and small enterprises, limited attention has been given to its implementation within international trade and export–import operations. This study employs a qualitative case study approach using in-depth interviews, observations, and documentation as data collection techniques. The collected data were analyzed through thematic analysis based on the principles of shidq (honesty), ‘adl (justice), and amanah (trustworthiness). The findings indicate that Islamic business ethics have been systematically integrated into the company’s operational practices through transparent contractual arrangements, equitable risk allocation, open communication, and responsible management of clients’ raw materials. Furthermore, the implementation of these ethical principles contributes to strengthening long-term business relationships, enhancing stakeholder trust, minimizing potential conflicts, and supporting operational sustainability. This study proposes a conceptual model that positions Islamic business ethics not merely as a moral guideline but as a strategic governance framework capable of supporting sustainable business performance within global value chains.
Copyright (c) 2026 Miftakhul Jannah, Abdul Haris Romdoni, Darmanto https://creativecommons.org/licenses/by/4.0
Implementing English for Specific Purposes (ESP) in the Sharia Economics Study Program: Preparing Graduates for Diverse Professional Careers
The study describes the implementation of English for Specific Purposes (ESP) in the Sharia Economics Study Program in preparing graduates to meet the demands of diverse professional careers in the field of Sharia/Islamic economics and related fields. This study uses a descriptive qualitative research method. This study involved undergraduate students from various semesters to obtain detailed insights into how ESP supports their professional career preparation. The findings indicate that the implementation of English for Specific Purposes (ESP) in the Sharia Economics Study Program plays a crucial role in preparing students for professional contexts within Sharia-based economic sectors. Designed through needs analysis that considered students’ academic backgrounds, career aspirations, and workplace communication demands, the ESP course emphasized English as a practical professional tool rather than merely a general language skill. Instruction integrated all language skills with discipline-specific content, authentic materials, and real workplace scenarios related to Islamic banking, Sharia financial institutions, halal industries, and entrepreneurship. As a result, students demonstrated significant improvement in specialized vocabulary mastery, professional and functional communication skills, and confidence in using English for presentations, discussions, and professional writing. The course also incorporated authentic learning resources and embedded Islamic values, Sharia principles, and professional ethics, supporting not only linguistic competence but also character development and ethical awareness. Furthermore, ESP prepared students for diverse career paths by developing transferable communication skills applicable across multiple professional roles in the Sharia economic sector, thereby enhancing employability readiness and professional identity. However, several challenges were identified, including varied student proficiency levels, limited prior exposure to discipline-specific English, time constraints, scarcity of specialized teaching materials, and institutional limitations affecting curriculum alignment. These findings suggest important implications for ESP curriculum development, highlighting the need for systematic needs-based design, integration of language and content, collaboration between English and subject-matter lecturers, development of tailored materials, performance-based assessments, and sustained institutional support to ensure that ESP remains relevant to evolving industry demands and effectively bridges academic learning with professional workplace expectations. It is suggested that ESP implementation in Sharia Economics programs be strengthened through systematic, needs-based curriculum design and closer collaboration between English lecturers and subject experts. Institutions should support the development of specialized materials, adequate instructional time, and interdisciplinary coordination. Lecturers should also apply differentiated and confidence-building strategies to address varied student proficiency levels. In addition, ESP should continue to integrate authentic workplace tasks, performance-based assessments, and Islamic values to ensure relevance to professional demands. Continuous evaluation is necessary to keep the ESP curriculum responsive to evolving industry needs and to enhance students’ employability readiness.
Copyright (c) 2026 Tira Nur Fitria https://creativecommons.org/licenses/by/4.0