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All Journal Jurnal Manajemen dan Agribisnis IQTISHODUNA El Dinar Jurnal Aplikasi Bisnis dan Manajemen (JABM) E-Journal Agrokreatif Jurnal Ilmiah Pengabdian kepada Masyarakat Jurnal Ekonomi dan Bisnis Islam Falah : Jurnal Ekonomi Syariah al-Uqud : Journal of Islamic Economics Al-Muzara'ah Jurnal Ekonomi & Keuangan Islam Shirkah: Journal of Economics and Business Journal of Islamic Monetary Economics and Finance International Journal of Financial, Accounting, and Management Al-Awqaf: Jurnal Wakaf dan Ekonomi Islam Journal of Sustainable Tourism and Entrepreneurship Annals of Management and Organization Research Jurnal Pengabdian Masyarakat Indonesia Share: Jurnal Ekonomi dan Keuangan Islam Jurnal Pusat Inovasi Masyarakat Annals of Human Resource Management Research Ekonomi Islam Indonesia Journal of Islamic Economic Literatures International Journal of Waqf Review on Islamic Accounting Islamic Social Finance Halal Tourism and Pilgrimage Islamic Economics Methodology Bukhori: Kajian Ekonomi dan Keuangan Islam The Economic Review of Pesantren Islamic Marketing Review Accounting and Sustainability Business and Sustainability Policy Brief Pertanian, Kelautan, dan Biosains Tropika Halal Studies and Society Dirham: Journal of Sharia Finance and Economics
Mohammad Iqbal Irfany
Departemen Ilmu Ekonomi Syariah, Fakultas Ekonomi Dan Manajemen, IPB University.
Religion Agriculture, Biological Sciences & Forestry Humanities Biochemistry, Genetics & Molecular Biology Decision Sciences, Operations Research & Management Earth & Planetary Sciences Economics, Econometrics & Finance Education Engineering Environmental Science Library & Information Science Public Health Social Sciences Other

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Factors affecting the economic growth of Organization of Islamic Cooperation (OIC) member countries Ahmad Fauzan; Mohammad iqbal Irfany
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.
Factors influencing Generation Z muslims’ purchase decisions of green halal pharmaceutical products Rachma Ardia Putri; Mohammad iqbal Irfany
Halal Studies and Society Vol. 3 No. 2 (2026): May 2026
Publisher : IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/hass.3.2.14-20

Abstract

Pharmaceutical products play a significant role in people’s lives to overcome disease or maintain health. However, pharmaceutical supply chain has a high proportion of greenhouse gas emissions and contributes to climate change. Green Halal Pharmaceutical (Green HPC) Products are innovative solution for pharmaceutical industry and a primary opportunity for the global Islamic economy. There is limited academic literature discussing the combination of halal and green pharmaceutical products. Therefore, this study aimed to identify consumer characteristics and analyze the factors influencing Generation Z (Gen Z) Muslims’ purchasing decisions for Green HPC products in Indonesia. The direct and indirect relationship between halal brand image, health consciousness, environmental knowledge, and religiosity variables on attitudes and halal-green lifestyles, assumed to influence consumer buying interest and purchasing decisions, was also examined. A quantitative approach and purposive nonprobability sampling were used to recruit 300 Muslim Gen Z respondents in Indonesia. Descriptive analysis was adopted to examine respondents’ characteristics, while Structural Equation Modeling–Partial Least Squares (SEM-PLS) was conducted using SmartPLS 3. The importance of the role of pharmaceutical products was not in line with the large number of studies in the area. Therefore, this study explained consumer behavior towards Green HPC and focused on Gen Z as entry-level consumers. The results showed that nine out of ten hypotheses were supported. Purchase decisions of Green HPC were primarily influenced by purchase intention, while environmental knowledge affected purchase decisions indirectly through halal-green lifestyle, attitudes, and purchase intention.
Co-Authors Aam Slamet Rusydiana Aam Slamet Rusydiana Aam Slamet Rusydiana, Aam Slamet Aceng Hidayat Achsani, Muhammad Nur Faaiz Fathah Afiana, Riyyun Ahmad Fadli Alghifari 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 Daffa Aqomal Haq Daffa Aqomal Haq Danang Aria Nugroho Desvita Resti Faniqotuni'mah Dharmarianti, Dian Putri Dwi Hastuti Edi Santosa Eka Maulidiya, Sherly Erliza Noor Euis Sunarti Fadhila Meithasari Nurtjahjo Fitri, Resfa Fitriyatustany Fitriyatustany Fuad Haryanti 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 Kintan Nur Ramadini Laily Dwi Arsyianti Lilik Noor Yuliati Luthfiana, Alda Maulidiya, Sherly Eka Mayadis, Diki Candra Melinda, Vera Melly Latifah Muhammad Afif Fathin Ridho Muhammad Afifuddin Abdurrosyid Kamil Muhammad Alifka Rahmat Muhammad Fikra Yafi Ulhaqqi Muhammad Fikra Yafi Ulhaqqi Muhammad Fikra Yafi Ulhaqqi Muhammad Wildan Syakuro Muslich, Muhammad Ayyub Mustika Mustika Mustika Mustika Muthohharoh, Marhamah Muti’ah Hajar Izzati Nadiya Ulfa Neneng Hasanah Neneng Hasanah Ningsih, Sri Rahayu Noer Azam Achsani Nur Wulan Nuraeni Nuraeni Nursyamsiyah, Tita Nurul Amirah Oktaviona, Winda Prima Gandhi Priyanto, Anindia Meil Probokawuryan, Mutiara Putri, Fatimah Iskandar Putri, Syifa Izzati Anzania Putri, Uly Anggraeni Qoriatul Hasanah Rachma Ardia Putri Rafifah Rismawati Rafki, Muhammad Rahmawati, Nur Fajri Ramadhini, Fiona Ramadini, Kintan Nur Ramdhani, Arlita Ranti Wiliasih Resfa Fitri Rezkyarta, Alif Rosmala, Novia Setiawan, Alfianto Hendry Shatrie, Firly Mariska Sherly Eka Maulidiya Siti Rahmawati Sofina Mujadiddah Sri Rahayu Sri Rahayu Ningsih Susanto, Astiani Sutito, Yolanda M. M. Suwandi, Syifa Damaianti Syamsul Hidayat Pasaribu Tamaulina Br Sembiring Tiara Early Afifah Tieman, Marco Tin Herawati 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