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The Role of Corruption Control and Geopolitical Risks in Shaping Economic Growth of Low-Income OIC Economies Harun, Nurul Fahana aini; Rahman, Nur Hayati Abd; Ismail, Shafinar; Samad, Khairunnisa Abd
CIVITAS (JURNAL PEMBELAJARAN DAN ILMU CIVIC) Vol 12, No 1 (2026)
Publisher : LPPM Universitas Labuhanbatu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36987/civitas.v12i1.9089

Abstract

This study investigates the relationship between control of corruption, geopolitical risks, and economic growth among low- and lower-middle-income economies within the Organisation of Islamic Cooperation (OIC). Despite the OIC’s abundance of natural and human resources, 33 out of 57 member countries remain trapped in the middle-income stage, struggling to achieve the Sustainable Development Goals (SDG 8 and SDG 16), which emphasize inclusive growth and strong institutional governance. Using annual data for 21 OIC countries from 1996 to 2023, the study employs descriptive and correlation analyses within the framework of endogenous growth theory and the political-economy growth model. The findings reveal that control of corruption, human capital, and trade openness are positively correlated with economic growth, while geopolitical risks show an insignificant relationship, suggesting that institutional and structural factors are more critical to growth than external instability. Moreover, the strong link between governance and GDP underscores the vital role of institutional quality in sustaining economic progress. Policy recommendations include strengthening anti-corruption frameworks, investing in education and human capital development, and promoting trade integration to enhance resilience against global uncertainties. Future studies should extend the analysis using dynamic panel estimation to capture the long-term effects of governance and risk on growth direction.
Halal Entrepreneurship Intention among Muslim Students: The Mediating Role of Attitude, Risk-Taking Propensity, and Self-Efficacy Iskandar, Iskandar; Rahmat, Pupu Saeful; Mulyati, Sri; Juliana, Juliana; Miftahuddin, Asep; Sojanah, Janah; Ismail, Shafinar; Qudratov, Inomjon
Indonesian Journal of Halal Research Vol. 8 No. 1 (2026): February
Publisher : UIN Sunan Gunung Djati Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/ijhar.v8i1.51983

Abstract

Promoting halal businesses become urgent, as the global halal economy is projected to exceed USD 5 trillion by 2030, and Indonesia is of key contributor. However, despite the high entrepreneurial intention among university students, their participation in halal business activities is comparatively low. This study aims to examine the influence of religiosity on halal entrepreneurial intention in Indonesian Muslim students. Entrepreneurial attitudes, risk-taking propensity, and self-efficacy are considered as mediating variables between religiosity and halal entrepreneurial intention. Data were collected from 378 Muslim students at 47 private universities in West Java and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS 4. The structural model explained the variance in halal-based entrepreneurial intentions, with an R-squared of 0.654, indicating that religiosity and the mediator variables together explain approximately 65.4% of the variance in entrepreneurial intentions. The direct path coefficient demonstrates that religiosity significantly affects entrepreneurial attitudes (β = 0.606, p = 0.000), risk-taking propensity (β = 0.591, p = 0.000), self-efficacy (β = 0.653, p = 0.000), and intention to engage in halal entrepreneurship (β = 0.293, p = 0.000). All three mediating paths are statistically significant, with self-efficacy and entrepreneurial attitudes showing the strongest indirect effects (β = 0.156 each), followed by risk-taking propensity (β = 0.091). These results show that self-efficacy is the most influential factor, suggesting that higher religiosity is associated with greater self-confidence, moral resilience, and motivation for running a business in accordance with sharia principles. These findings extend the Theory of Planned Behavior (TPB) into an Islamic context and have implications for universities and policymakers in designing halal entrepreneurship education.
Product Development in Islamic Financial Institutions (IFIS): An Extensive Literature Review Al Adawiyah, Rumaisah Azizah; Ismail, Shafinar
EQUILIBRIUM Vol 13, No 1 (2025): EQUILIBRIUM
Publisher : Prodi Ekonomi Syariah Pascasarjana IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/equilibrium.v13i1.31938

Abstract

This paper aims to critically review existing studies related to IFIs products and their instruments, IFIs’ product development, and the agenda for IFIs’ product development in the future. This study is built upon an extensive literature review of the existing literature on IFIs, revisiting its objectives, its criticism, and looking at the Product Development Process of IFIs from previous studies. Considering IFIs product development, so far the process on IFIs lies on the need to be competitive thus imitating their conventional counterparts. However on the other side, there’s a need for developing the instruments without denying the fulfilment of Islamic law (maqasid al sharia) within the process. On the other hand, there are some arguments on to what extent Sharia principles or maqasid al sharia is being fulfilled as so far, the feasible indicators are still limited. As product development in IFIs is complex and demands innovations in many aspects, collaboration among global and Islamic Economy actors is needed. This paper implies that there’s a need for a comprehensive approach in formulating an ideal product development process for IFIs and giving urges to global Islamic Economy actors to collaborate.
Co-Authors Abd Rahman, Nur Hayati Adamsah, Bahtiar Agus Sudarmawan Ahmad Wira, Ahmad Ahmad, Nurbarirah Al Adawiyah, Rumaisah Azizah Amalia, Farah Aminullah Assagaf Anggrainy Putri Ayuningrum Antonius Setyadi Arna Suryani, Arna Asmadillah, Fifin Augusna, Wahyuni Lely Beta, Raja Mayang Delima Mohd Bonang, Dahlia Destami, Gina Dery Dewi Kania Sugiharti Evi Sopiah, Evi Sopiah Fauzi, Muchamad Firman Menne Firmansyah Firmansyah Hanifiyah Yuliatul Hijriah, Hanifiyah Yuliatul Haris, Gusnam Hartanto, Ghani Satria Harun, Nurul Fahana aini Hasrita Lubis Indri Yuliafitri Inomjon, Qudratov Iskandar Iskandar Jamin, Aziean Janah Sojanah, Janah Juliana Juliana Kholidah, Himmatul Kusnendi, Kusnendi Langen Bronto Sutrisno MD SAHIQ, AQILAH NADIAH Miftahuddin, S.Si.,MAB., asep Mira Yona MOHD HIDZIR, PUTRI ALIAH Mohd Nor, Amirudin Monoarfa, Hilda Muliati Nabiela Rizki Alifa Naili Rahmawati Nasrullah Nugraha, Aa Willy Nurasyiah, Aas Prianto, Susilo Edi Pupu Saeful Rahmat, Pupu Saeful Putri, Fira Sartika Qudratov, Inomjon R. Andy Erwin Wijaya Rahman, Nur Hayati Abd Ririn Tri Ratnasari Rojuaniah Rojuaniah Rosida, Rida Sabri, Nurbaity Sakarji, Siti Rosnita Samad, Khairunnisa Abd Santika, Syahira Dwi SARKAM, SAIDA FARHANAH Sri Langgeng Ratnasari Sri Mulyati SRI RAHAYU Suharno Pawirosumarto Syafatul Aqilla Binti Samar, Nur Syafira, Fadillah Nur SYUKRIA, ALFI tanjung, rona Tika Widiastuti Triastuti Kurnianingsih, Heny Utami, Suci Apriliani YAAKUB, NURWAHIDA Yenti Afrida Yuliatul Hijriah, Hanifiyah Yusrita Zain, Zainab Mohd