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Bibliometric Analysis on Islamic and Conventional Money Demand Ramadhini, Fiona; Irfany, Mohammad Iqbal
Ekonomi Islam Indonesia Vol. 5 No. 2 (2023): Ekonomi Islam Indonesia
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/eii.v5i2.295

Abstract

The Islamic finance industry in the world has been snowballing in the last ten years. In its implementation, the Islamic financial system does not use an interest rate system but uses a profit-sharing system. The increase in global Islamic financial assets is in line with the theory that states that the profit-sharing system is better than the interest system because the Islamic money demand model, which uses the profit-sharing system, tends to be more resistant to shocks compared to the conventional money demand model which uses the interest system. This research aims to prove the validity of this theory. By using the method of bibliometric, the author found 391 studies that discussed "Islamic and Conventional Money Demand". The results show that there are 5 cluster which have become research paths, namely the Economic Policy Framework and Financial Analysis, Real Sector Activities, Economic Research Matrix, Financial Governance in Dual Banking Systems, and Money Markets.
Muslim Consumers' Purchasing Decisions on Halal Food Products Using Online Delivery Services During the Covid-19 Pandemic: Lessons from Bogor City, Indonesia Shatrie, Firly Mariska; Wiliasih, Ranti; Irfany, Mohammad Iqbal; Haq, Daffa Aqomal
Dirham: Journal of Sharia Finance and Economics Vol. 1 No. 2 (2025): July
Publisher : Goodwood Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/josfe.v1i2.3809

Abstract

Purpose: This study aims to explore the factors influencing halal food consumption and purchasing decisions during the COVID-19 pandemic in Bogor City, Indonesia, focusing on the impact of religious beliefs, health consciousness, and safety concerns. Methods: A quantitative approach was employed, utilizing a survey conducted with 200 consumers in Bogor City. Data were collected using a structured questionnaire and analyzed using SPSS for descriptive statistics and regression analysis. Results: The results show that religious beliefs significantly affect halal food purchasing decisions, with health consciousness and safety concerns also playing a vital role. The pandemic heightened the importance of food safety and health among consumers, influencing their purchasing behavior. Conclusion: The findings suggest that halal food consumption is strongly influenced by religious factors, while health-related concerns have gained prominence during the pandemic. This highlights the growing importance of safety and quality in consumers' decision-making processes. Limitation: The study is limited to Bogor City, which may not fully represent other regions in Indonesia. Additionally, the sample size of 200 respondents may not capture the diversity of the broader population. Contribution: This study contributes to the understanding of consumer behavior in the context of halal food and provides valuable insights for businesses in the food industry to adapt their strategies in the post-pandemic era, particularly in Muslim-majority countries.
Examining the effect of User Experience on Generation Y and Z Customers’ Satisfaction and Loyalty in Jago Syariah mobile banking Rismawati, Rafifah; Irfany, Mohammad iqbal
Halal Studies and Society Vol 2 No 2 (2025): May 2025
Publisher : IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/hass.2.2.31-36

Abstract

The rapid expansion of internet access and the growth of Indonesia’s digital economy have accelerated the adoption of digital financial services, particularly mobile banking. In this increasingly competitive environment, Islamic digital banking providers face a dual challenge: ensuring Sharia compliance while delivering a seamless user experience (UX) that meets modern customer expectations. This study examines the effect of UX on Customer Satisfaction (CS) and Customer Loyalty (CL) among Generation Y and Z users of Jago Syariah mobile banking in Jabodetabek. A quantitative design was employed using an online survey (May–June 2025) with purposive sampling, yielding 203 valid responses from active users aged 17–44. UX was measured using the User Experience Questionnaire (UEQ) with six dimensions (attractiveness, perspicuity, efficiency, dependability, stimulation, and novelty), while CS and CL were assessed using established indicators. Data were analyzed through descriptive statistics and Partial Least Squares Structural Equation Modeling (PLS-SEM) using SmartPLS 4. The measurement model met validity and reliability criteria (AVE > 0.50; HTMT < 0.90; CR > 0.70). Structural results showed that UX positively and significantly influenced CS (β = 0.817; t = 21.176) and CL (β = 0.498; t = 6.716), and CS also positively affected CL (β = 0.443; t = 5.529), confirming the mediating role of satisfaction. The model explained 66.5% of variance in CS and 80.3% in CL. These findings highlight UX as a critical driver of satisfaction and loyalty in Islamic mobile banking, emphasizing the need for continuous improvements in usability, reliability, and feature performance to sustain customer retention and advocacy among digitally literate generations.
Factors affecting the economic growth of Organization of Islamic Cooperation (OIC) member countries Fauzan, Ahmad; Irfany, Mohammad iqbal
Halal Studies and Society Vol 2 No 2 (2025): May 2025
Publisher : IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/hass.2.2.37-41

Abstract

Economic growth is widely used as a macroeconomic indicator for describing economic performance and, by extension, shifts in material living standards. Therefore, this study centers on the Organization of Islamic Cooperation (OIC), an international forum with predominantly Muslim member states, and examines the relationship between selected macroeconomic variables and economic growth across OIC countries from 2000 to 2021, a timeframe marked by two major global economic crises. In order to achieve the stated objective, panel data regression was applied to observations from 34 countries with complete data on inflation, net exports, gross fixed capital formation, real interest rates, working-age population, and total population. Panel regression was estimated under the Common Effects Model (CEM), Fixed Effects Model (FEM), and Random Effects Model (REM), with model selection based on specification tests. The Chow test (F = 167.4303; p = 0.0000) and Hausman test (² = 101.8431; p = 0.0000) consistently support the FEM as the preferred model. FEM results indicate that inflation and the real interest rate negatively and significantly affect GDP (INF: β = 0.007252, p = 0.0000; RIR: β = 0.008265, p = 0.0000), while net exports, gross fixed capital formation, working-age population, and population positively and significantly influence GDP (LnNetExp: β = 0.228393, p = 0.0000; LnGFC: β = 0.321654, p = 0.0000; PAK: β = 0.007255, p = 0.0104; LnPOP: β = 0.790510, p = 0.0000). All variables are jointly significant (F-statistic = 6735.187; p = 0.0000), and the model exhibits very high explanatory power (R² = 0.997722; adjusted R² = 0.997574). The findings underscore the critical role of price stability and real borrowing costs, alongside trade performance, capital accumulation, and demographic–labor dynamics, in shaping growth trajectories across OIC economies.
Co-Authors Aam Slamet Rusydiana Aam Slamet Rusydiana Aam Slamet Rusydiana, Aam Slamet Aceng Hidayat Achsani, Muhammad Nur Faaiz Fathah Afiana, Riyyun Afifah, Tiara Early Ahmad Fauzan Ahmad Izzuddin Ahmad syahirul Alim Aisyah, Tasya Nur Al Muharram, Muhammad Shiddiq Al Zahroh, Dina Naba Albajili, Abi Nubli Alda Luthfiana Alfiasari Alghifari, Ahmad Fadli Amirah, Nurul Anggini, Karlita Anggraini, Lilik Asep Nurhalim Aulia Nur Cahyani Cahyaningrum, Laeli Dyah Tantri Camara, Bumi Daffa Aqomal Haq Daffa Aqomal Haq Dharmarianti, Dian Putri Dwi Hastuti Edi Santosa Eka Maulidiya, Sherly Erliza Noor Euis Sunarti Fadhila Meithasari Nurtjahjo Fitri, Resfa Fitriyatustany Fitriyatustany Handian Purwawangsa Haq, Daffa Aqomal Hasanah, Qoriatul Herlin, Herlin Hutajulu, Ivonia R. Ikhsana, Nadya Ramadhani Indah Sulistya Indriansyah, Albertty Intan Aulia Ardhani Irfan Syauqi Beik Isbayu, Muhammad Istiqlaliyah Muflikhati Izzah, Hanifah Nurul JAENAL EFFENDI Kamil, Muhammad Afifuddin Abdurrosyid Kusumaningrum, Devina D. Laily Dwi Arsyianti Lilik Noor Yuliati Luthfiana, Alda Maulidiya, Sherly Eka Mayadis, Diki Candra Melinda, Vera Melly Latifah Muhammad Afifuddin Abdurrosyid Kamil Muhammad Wildan Syakuro Muslich, Muhammad Ayyub Mustika Mustika Muthohharoh, Marhamah Nadiya Ulfa Neneng Hasanah Neneng Hasanah Ningsih, Sri Rahayu Nur Wulan Nursyamsiyah, Tita Oktaviona, Winda Priyanto, Anindia Meil Putri, Fatimah Iskandar Putri, Syifa Izzati Anzania Putri, Uly Anggraeni Qoriatul Hasanah Rafki, Muhammad Rahmat, Muhammad Alifka Rahmawati, Nur Fajri Ramadhini, Fiona Ramadini, Kintan Nur Ramdhani, Arlita Ranti Wiliasih Rezkyarta, Alif Rismawati, Rafifah Rosmala, Novia Setiawan, Alfianto Hendry Shatrie, Firly Mariska Siti Rahmawati Sofina Mujadiddah Sri Rahayu Sri Rahayu Ningsih Susanto, Astiani Sutito, Yolanda M. M. Suwandi, Syifa Damaianti Tamaulina Br Sembiring Tiara Early Afifah Tieman, Marco Tita Nursyamsiah Tita Nursyamsiah, Tita Tsany, Fadhlan Tsany, Fadhlan Muhammad Ulfa, Nadiya Ulhaqqi, Muhammad Fikra Yafi Vitriara Ahsana Nadya Widya Syafitri Yulina Eva Riany Zidan, Muhamad