Claim Missing Document
Check
Articles

Sharia Banking Perspectives on Inflation And Economic Stability: Qualitative Insights And Policy Implications Feri Hardiyanto; Agus Rohmat Hidayat; Rudi Ferdiansah
Journal of Sharia Micro Enterprise and Cooperation Vol. 3 No. 1 (2026): Journal of Sharia Micro Enterprise and Cooperation
Publisher : Sekolah Tinggi Agama Islam Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59784/kb78wb61

Abstract

Background: Inflation and economic instability remain major concerns in developing economies, including Indonesia. Inflation reduces purchasing power, increases production costs, affects household welfare, and creates uncertainty for financial institutions.. Indonesia’s Islamic banking sector has grown significantly, with assets exceeding IDR 800 trillion and a market share of approximately 7.5% of total national banking assets as of 2023, underscoring its increasing relevance as a stabilizing financial force in an inflation-prone economy.Objective: This study aims to examine inflation and economic stability from the perspective of sharia banking and to identify relevant policy implications for strengthening financial resilience in Indonesia.Methods: This study uses a qualitative literature review approach by synthesizing previous studies related to inflation, Islamic finance, monetary policy, sharia banking, digital finance, MSMEs, and macroeconomic uncertainty.Results: The findings show that inflation weakens purchasing power, increases business uncertainty, and affects financial performance. Sharia banking can contribute to economic stability through third-party fund mobilization, productive financing, ethical financial governance, and support for MSMEs. Eight thematic clusters were identified: inflation and welfare, banking performance risk, sharia banking and economic growth, MSME resilience, exchange rate dynamics, monetary policy coordination, digital financial transformation, and the Islamic finance ecosystem.Conclusion: Sharia banking can serve as a complementary pillar in Indonesia’s economic stability framework. Policy integration between monetary authorities, Islamic financial institutions, and real-sector development is needed to reduce inflationary pressure and strengthen inclusive economic resilience. This study contributes an integrative policy-relevant framework positioning sharia banking as an institutional actor in inflation mitigation and inclusive financial development in Indonesia.
Integrating Islamic Business Ethics And Digital Transformation To Enhance Msme Competitiveness Nur Alifah; Agus Rohmat Hidayat
Journal of Sharia Micro Enterprise and Cooperation Vol. 3 No. 1 (2026): Journal of Sharia Micro Enterprise and Cooperation
Publisher : Sekolah Tinggi Agama Islam Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59784/mj9xat76

Abstract

Background: The convergence of Islamic business ethics and digital transformation represents a critical but underexplored determinant of Micro, Small, and Medium Enterprise (MSME) competitiveness in Muslim-majority economies. Objective: This study investigates the individual and interactive effects of Islamic business ethics and digital transformation on MSME competitiveness in Indonesia. Method: Using a quantitative approach with moderated multiple regression analysis, data were collected from 215 MSME owners/managers across five Indonesian provinces through stratified random sampling.Results: Islamic business ethics (β = 0.387, p < 0.001) and digital transformation (β = 0.341, p < 0.001) each significantly and positively affect competitiveness. Their interaction term is also significant (β = 0.148, p = 0.002), indicating a synergistic moderating effect. The integrated model explains 64.1% of variance in competitiveness.Conclusion: MSMEs that simultaneously embed Islamic ethical principles and embrace digital transformation achieve superior and more sustainable competitiveness. Policymakers should design integrated halal-digital ecosystem programs, while sharia financial institutions should expand ethics-based digital literacy support for MSMEs.
Co-Authors Abdurokhim Abdurokhim Ades Sugita Adil Barus Agis Ahmad Rodiansjah Agis Ahmad Rodiansjah Agis Ahmad Rodiansjah Ahmad Rodiansjah, Agis Aisyah Nurjanah Aisyah Nurjanah Ajeng Nurmala Sari Al-Amin Aldo Hermaya Aditiya Nur Karsa Aldo Hermaya Aditiya Nur Karsa Amelia Amelia Amelia Amelia Annisa Wibawanthi APRIANI Arif Rohman Hakim Astuti, Aurelia Widya Baharuddin Yusuf Budiwidodo, Sidik Chandrasari, Farika Dwi Putri Pramesti, Ginna Novarianti Ela, Nur Elan Maulani, Isma Eli Suherli Fahad Khan Afridi Fahira, Siti Hafsah Fajar Siddiq, Muhammad Farika Chandrasari Farika Chandrasari Feri Hardiyanto Feri Hardiyanto Fitriani, Renita Ginna Novarianti Dwi Putri Pramesti Hanipah Hanipah Hardianto, Feri Hardiyanto , Feri Ibnu Ubaidillah, Suwi Imam Mutakin Irwan Rachmiadji Karsa, Aldo Hermaya Aditiya Nur Komarudin Komarudin Kyra Kholilah Wardaniyah Lestari, Anisa Ayu Dwi Mahendra, Agus Mohammad Ridwan Mohammad Ridwan Muhamad Zaenal Asikin Muhammad Fajar Siddiq Muhammad Zaenal Asikin Mukhlisin Mukhlisin Mutakin, Imam Najah, Neneng Putri Nendi, Ikhsan Nur Alifah Nur Alifah Nur Alifah Nur Alifah Nur Alifah Nur Alifah Nur Alifah Nur Alifah Nur Saebah Nurjanah, Aisyah Nurmala Sari, Ajeng Nuroh Najmi Oga Laksana, Medika Oksyalia, Dean Otih Yuningsih Oxy Prabowo Prabowo, Oxy Prahitaningtyas, Sherina Pujayanti, Difa Ameliora Putra, Rifky Pratama Rafi Farizki Rani, Vita Raodatul Jannah Ridzki, Mohamad Maulana Rodiansjah, Agis Ahmad Rosdiansjah, Agis Ahmad Rudi Ferdiansah Santika, Rani Saona, Saona Savandha, Septien Dwi Septien Dwi Savandha Septien Dwi Savandha Septien Dwi Savandha Sidik Budiwidodo Sidik Budiwidodo Siti Hapsah Pahira Sri Intan Wulandari Suherli, Eli Sukmawati A. Damiti Suntoda, Andi Supandji, Wahyu Suwi Ibnu Ubaidillah Suwi Suwi Suwi, Suwi Syafii, Akhmad Taufik Ridwan Taufik Ridwan, Taufik Vita Rani Wahyuni, Ani Wahyuning Febriyanti Wibawanthi, Annisa