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Determinants Of Millenial Generation Intention In Indonesia In Cash Waqf Linked Sukuk Muhamad Aliyul Adhim; Jeihan Ali Azhar
Jurnal Ekonomi Syariah, Akuntansi dan Perbankan (JESKaPe) Vol. 9 No. 1 (2025): Jurnal Ekonomi Syariah, Akuntansi dan Perbankan (JESKaPe)
Publisher : Institut Agama Islam Negeri Lhokseumawe

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52490/jeskape.v9i1.6254

Abstract

This study aims to examine the factors influencing the intention of the millennial generation to participate in the Cash Waqf Linked Sukuk (CWLS) instrument in Indonesia. The research adopts the Theory of Planned Behavior (TPB), which includes three primary constructs—attitude, subjective norms, and perceived behavioral control—with trust serving as a moderating variable between attitude and intention. A purposive sampling technique was employed, resulting in 250 questionnaire responses, of which 194 met the sampling criteria. Data were analyzed using the Partial Least Squares Structural Equation Modeling (PLS-SEM) approach with SmartPLS software. The findings indicate that trust strengthens the relationship between attitude and intention. Additionally, both attitude and perceived behavioral control have a positive and significant effect on millennials' intention to participate in CWLS, whereas subjective norms do not show a considerable influence. These results suggest the importance of enhancing financial literacy, information transparency, and accessibility to CWLS to foster trust and encourage active participation in cash waqf through sukuk among the millennial generation.
Youth Empowerment Through Digital Marketing for UMKM Development in Ponggok Village, Mojo District, Kediri Regency Qolbin Salim; Wan Maina Sela; Syi'inatul Cholifah; Shofia Chafi Azka Haq; Muhammad Balya Aminudin; Fina Rohmatul Ummah; Jeihan Ali Azhar; Binti Mutafarida
Journal of Islamic Economy and Community Engagement Vol. 6 No. 1 (2025)
Publisher : FEBI UIN Sunan Kalijaga Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/jiecem.2025.6.1.2292

Abstract

This community service program aims to empower the youth of Ponggok Village, Mojo District, Kediri Regency through digital marketing to enhance the development of local Micro, Small, and Medium Enterprises (MSMEs). The program utilizes an Asset-Based Community Development (ABCD) approach, which includes five phases: Discovery, Dream, Design, Define, and Destiny. The main focus is on equipping the youth with the skills necessary to utilize social media platforms like TikTok, Facebook, and Instagram for promoting MSME products. The results show a significant improvement in the digital marketing capabilities of the participating youth and MSME owners, leading to broader and more effective product promotion. This initiative not only empowers the youth but also contributes to the overall economic development of the community. The findings suggest that ongoing support and potential certification, such as halal and BPOM, could further enhance the product quality and market reach of local MSMEs.
The Decision to Use Halal Cosmetics: Influence of Quality, Benefits, Awareness, and Brand Image Wandirah, Ayu; Hudatil Atkiyan, Fahrul; Juansha, Andri; Ali Azhar, Jeihan
Journal of Islamic Economic Laws Vol. 7 No. 01 (2024): January
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v7i01.3769

Abstract

The purpose of this research is to ascertain the influence of brand image-mediated product quality, product benefits, and awareness on travelers' decisions to use halal cosmetics while in Lombok, West Nusa Tenggara. This research is a quantitative study using primary data obtained from distributing questionnaires. A total of 305 respondents who have visited Lombok, NTB, made up the study's sample. The technique for data analysis is Structural Equation Modeling based on Partial Least Squares or SEM-PLS. It is known that product quality has no bearing on whether or not someone chooses to use halal cosmetics based on data analysis findings. The decision of Lombok NTB tourists to use halal cosmetics is, however, influenced positively by the benefits of the product, awareness, and brand image. Meanwhile, brand image is unable to mediate the relationship between product quality, benefits, and awareness of the choice to use halal cosmetics among Lombok NTB tourism.
Determinants of Halal Cosmetics Purchase Intention in Gen-Z: An Empirical Study in Java Island Muhammad Iqbal Mahdi; Ali Azhar, Jeihan; Imam Basri, Anindita
Journal of Islamic Economic Scholar Vol. 6 No. 1 (2025)
Publisher : FEBI UIN Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/jies.2025.6.1.12-28

Abstract

This study aims to analyze the influence of halal marketing, halal labeling, knowledge, brand image, and product quality on the interest in buying halal cosmetics in the Zilenial generation.The method used in this study is a quantitative survey approach through a questionnaire with a sample of 211 Gen-Z respondents who were selected by purposive sampling based on birth criteria between 1997-2012, domiciled on the island of Java and had bought halal cosmetic products. Data analysis was carried out using Structural Equation Modeling (SEM) technique. This study shows that halal marketing, halal labeling, halal knowledge, brand image, and product quality have a significant influence on buying interest. The implications of this research can be used by halal cosmetics industry players as a basis for formulating marketing strategies that are more effective and in accordance with the characteristics of Gen Z. By utilizing the right strategy, companies can help the country's economic growth.
Stock performance based on sharia stock screening: Comparasion between syariah stock indices of Indonesia and Malaysia Azhar, Jeihan Ali; Wulandari, Resti
Asian Management and Business Review Volume 1 Issue 1, 2021
Publisher : Master of Management, Department of Management, Faculty of Business and Economics Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (425.805 KB) | DOI: 10.20885/AMBR.vol1.iss1.art2

Abstract

This study aims to compare the performance of the Islamic stock index in Malaysia and Indonesia using the Sharpe, Treynor and Jensen methods. The findings in this study are the performance of Sharia JII and FBMS stocks in 2014-2019, it can be concluded that the overall Sharpe and Treynor method shows a negative performance value, which means that the performance is not good, whereas when measured using the Jensen Indonesia method it shows a positive performance value. Which means that the performance is good so that Indonesia has a better performance than Malaysia, measured by the Jensen method. Based on the results of different tests, it shows that there are differences in the performance of the two countries in 2014-2019 from each index (Sharpe, Treynor, and Jensen). 
Examining The Determinants of Halal Food Preferences in Gen Z: The Moderating Role of Motivation on Lifestyles and Purchasing Decisions Prasasti, Riska; Ashwat, Natasya Ul; Gunawan, Syahrul; Azhar, Jeihan Ali
Likuid Jurnal Ekonomi Industri Halal Vol. 4 No. 2 (2024): LIKUID: Jurnal Ekonomi Industri Halal
Publisher : Sharia Economics Study Program Faculty of Islamic Economics and Business UIN Sunan Gunun

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/likuid.v4i2.36853

Abstract

This research aims to develop the Theory of Planned Behavior (TPB) by adding halal brands as an internal variable and investigating the influence of halal brands and technology as independent variables using the Theory of Planned Behavior (TPB) to make judgments about lifestyle and the purchase of halal food. The moderating effect of motivation on the link between attitudes, subjective norms, perceived behavioral control (PBC), lifestyle, and decisions to buy halal food is also investigated in this study. This research utilized a Gen Z sample, comprising 313 respondents. This study processes the data using the Smart PLS 3 program and a quantitative methodology with a Structural Equation Modeling (SEM) model. A Google Form was utilized to facilitate online data collecting, and it was shared through social media. The findings of the study indicate that opinions are significantly influenced by halal brands; Subjective norms are significantly impacted by technological variables; lifestyle and purchase decisions are significantly impacted by attitude variables; lifestyle and purchase decisions are significantly impacted by subjective norm variables; and lifestyle and purchase decisions are significantly impacted by the PBC variable. In the meanwhile, the interaction between attitudes, subjective norms, and PBC on lifestyle and purchasing decision is unabated by motivation.
Analisis Bibliometrik Tren Penelitian Halal Food dalam Industri Halal: Studi Pada Publikasi Scopus 2004–2024 Azizy, Dimas; Jeihan Ali Azhar; Muhammad Ghafur Wibowo; Saerozi
ISOQUANT : Jurnal Ekonomi, Manajemen dan Akuntansi Vol. 10 No. 1 (2026): April
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/iso.v10i1.3659

Abstract

Industri halal, yang mencakup sektor makanan, pariwisata, kosmetik, dan keuangan, merupakan salah satu sektor dengan pertumbuhan tercepat di dunia. Penelitian ini bertujuan untuk menganalisis tren penelitian Halal Food dalam industri halal, meliputi pola publikasi, sitasi, kolaborasi antarnegara, dan fokus kajian. Penelitian ini menggunakan metode bibliometrik dengan bantuan perangkat lunak VOSviewer. Pendekatan yang digunakan adalah kuantitatif dengan data sebanyak 223 publikasi dari database Scopus periode 2004–2024. Analisis data dilakukan secara deskriptif-evaluatif melalui visualisasi network, overlay, dan density, serta analisis bibliographic coupling dan co-occurrence kata kunci secara deduktif. Hasil menunjukkan peningkatan signifikan publikasi dan sitasi, dengan Malaysia dan Indonesia sebagai kontributor utama serta kolaborasi internasional yang kuat. Fokus penelitian mencakup sertifikasi halal, rantai pasok, perilaku konsumen, dan teknologi seperti blockchain. Temuan juga menunjukkan munculnya tren baru berbasis inovasi dan digitalisasi dalam industri halal. Implikasinya menekankan pentingnya penguatan regulasi, sertifikasi, dan adopsi teknologi serta membuka peluang penelitian lintas negara di masa depan.
Pengaruh Sertifikat Halal Terhadap Pendapatan UMKM Produk Kuliner di Musi Rawas Utara Arsyad, Syafira Rizki; Azhar, Jeihan Ali
J-CEKI : Jurnal Cendekia Ilmiah Vol. 4 No. 2: Februari 2025
Publisher : CV. ULIL ALBAB CORP

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/jceki.v4i2.8293

Abstract

This study was conducted with the aim of analyzing the effect of halal certification on products on increasing the income of business actors. This research is included in quantitative research with a questionnaire method to obtain the data. The analysis technique performed is to utilize the SPSS application through the multiple linear regression method. The sampling of this study were business actors in North Musi Rawas as many as 43 business actors so that the samples taken using saturated samples of all business actors were taken as responses.The provision of halal certification for culinary and food products in North Musi Rawas Regency has a significant and positive impact on increasing sales from MSME players. The effect of halal certification on income levels is 16.1% affecting the level of community income. For this reason, MSMEs will experience an increase in sales if they are encouraged by the ownership of halal certification for each product.
Determinant of Muslim Consumers in Indonesia to Purchase MSMEs Products: Does Halal Certification Matters? Ali Azhar, Jeihan; Sodik, Fajar
Sharia Economic and Management Business Journal (SEMBJ) Vol. 6 No. 3 (2025): October
Publisher : Yayasan Darussalam Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62159/sembj.v6i3.2164

Abstract

Background: Indonesia has the world’s largest Muslim population, which drives strong demand for halal-certified products due to religious obligations. Understanding what influences Muslim consumer behavior is essential. Method: This study adopts a quantitative approach with purposive sampling. Data were collected through surveys in Indonesia during October 2023, yielding 308 valid questionnaires. Analysis was performed using Structural Equation Modeling - Partial Least Squares (SEM-PLS) via SmartPLS 3. The Theory of Planned Behavior (TPB) guided the investigation into factors affecting purchase intentions for halal-certified products from Micro, Small, and Medium Enterprises (MSMEs). Results: Findings show that halal certification, religiosity, subjective norms, halal awareness, consumer satisfaction, and trust significantly influence purchase intentions. Conversely, perceived behavioral control and attitudes do not significantly affect purchase intention. Conclusion: Enhancing halal knowledge and awareness is a key strategy to increase Muslims’ purchase intentions for MSME halal products. Policymakers and halal certification authorities should enforce consistent inspections on MSME products to ensure alignment with Islamic principles, thereby boosting consumer confidence.
Analisis Persepsi Generasi Z Terhadap Investasi Berbasis ESG (Enviromental, Social, and Governance) di Jakarta Islamic Index Jeihan Ali Azhar; Nada Cantika Putri Kadua; Rizki Dwi Safitri
Journal of Business Management and Islamic Banking Vol. 1 No. 2 (2023)
Publisher : UIN Sunan Kalijaga Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/jbmib.2023.0201-06

Abstract

Research aims: Penelitian ini bertujuan untuk mengetahui faktor yang memengaruhi minat berinvestasi berbasis Environmental, Social, and Governance (ESG) di Indeks Jakarta Islamic Index (JII). Penelitian ini mengadopsi teori UTAUT dengan model SEM PLS. Design/Methodology/approch: Metode pengumpulan data adalah survei menggunakan penyebaran kuesioner dengan pertanyaan tertutup. Jumlah responden dalam penelitian ini sebanyak 134 responden. Teknik pengambilan sampel menggunakan metode non-probability sampling dengan menerapkan purposive sampling. Teknik analisis data menggunakan SEM-PLS dan aplikasi SPSS 25. Research findings: Hasil penelitian ini menunjukkan bahwa financial literacy, subjective norm, dan atittude berpengaruh signifikan terhadap minat investasi berbasis Environmental, Social, dan Governance (ESG). Namun religiusitas tidak tidak berhasil memoderasi minat gen z berinvestasi di Indeks Jakarta Islamic Index (JII). Research limitation and implication: Implikasi dari penelitian ini diharapkan dapat menjadi masukan bagi industri pasar modal syariah untuk meningkatkan pelayanan dan langkah untuk menguatkan keuangan syariah khususnya pasar modal untuk memajukan perekonomian nasional dalam menyongsong Indonesia Emas 2045.