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All Journal Jurnal Reviu Akuntansi dan Keuangan Jurnal Akuntansi Indonesia Signifikan : Jurnal Ilmu Ekonomi Islamadina : Jurnal Pemikiran Islam Jurnal Manajemen Terapan dan Keuangan Ekonomi Bisnis EL-MUHASABA Jurnal Keuangan dan Perbankan Jurnal Dinamika Akuntansi MUQTASID Journal of Economics, Business, & Accountancy Ventura Jurnal Penelitian Ekonomi dan Bisnis JAKU (Jurnal Akuntansi & Keuangan Unja) (e-journal) Jurnal Manajemen Teori dan Terapan EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis MIX : Jurnal Ilmiah Manajemen Jurnal Ekonomi dan Bisnis Islam Falah : Jurnal Ekonomi Syariah Jurnal Riset Akuntansi Terpadu Jurnal Ilmiah Ekonomi Islam AKRUAL: Jurnal Akuntansi EKSPANSI Economica: Jurnal Ekonomi Islam International Journal of Islamic Economics and Finance (IJIEF) FITRAH:Jurnal Kajian Ilmu-ilmu Keislaman Journal of Economic, Bussines and Accounting (COSTING) Jurnal Organisasi Dan Manajemen SENTRALISASI Indonesian Fisheries Research Journal Muqtasid: Jurnal Ekonomi dan Perbankan Syariah Jesya (Jurnal Ekonomi dan Ekonomi Syariah) Shirkah: Journal of Economics and Business JURISMA: Jurnal Riset Bisnis & Manajemen JIKA: Jurnal Ilmu Keuangan dan Perbankan PengabdianMu: Jurnal Ilmiah Pengabdian kepada Masyarakat Journal of Innovation in Business and Economics Eksis: Jurnal Riset Ekonomi dan Bisnis JURNAL AKUNTANSI, MANAJEMEN DAN EKONOMI Inovasi: Jurnal Ilmiah Ilmu Manajemen Competitive Jurnal Akuntansi dan Keuangan Majalah Ilmiah Bijak Business Management Analysis Journal (BMAJ) ECOPLAN : JOURNAL OF ECONOMICS AND DEVELOPMENT STUDIES JURNAL LENTERA BISNIS Sebelas Maret Business Review Balance Vocation Accounting Journal Jurnal Ekonomi Manajemen Sistem Informasi Journal of Islamic Accounting and Finance Research Community Engagement and Emergence Journal (CEEJ) Jurnal Buana Akuntansi International Journal of Business, Humanities, Education and Social Sciences (IJBHES) Jurnal REKSA: Rekayasa Keuangan, Syariah dan Audit Iqtishadia: Jurnal Kajian Ekonomi dan Bisnis Islam Journal of Islamic Economics and Finance Studies Economics and Digital Business Review Jurnal Eksplorasi Akuntansi (JEA) Unram Journal of Community Service (UJCS) Telaah Bisnis Jurnal Locus Penelitian dan Pengabdian Wadiah : Jurnal Perbankan Syariah Jurnal Riset Ekonomi Syariah Al-Tijary : Jurnal Ekonomi dan Bisnis Islam Jurnal Lemhannas RI Journal of Accounting and Finance Management (JAFM) Journal of Business Studies and Management Review Inkubis: Jurnal Ekonomi dan Bisnis Journal of Economics, Entrepreneurship, Management Business and Accounting Equilibrium: Jurnal Ekonomi Syariah Riwayat: Educational Journal of History and Humanities IIJSE Majapahit Journal of Islamic Finance dan Management Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Jurnal Ilmiah Akuntansi dan Keuangan Majapahit Journal of Islamic Finance dan Management International Journal of Management and Business Applied BAABU AL-ILMI: Ekonomi dan Perbankan Syariah Journal of Islamic Economic Laws Jurnal Ekonomi, Bisnis & Entrepreneurship (e-Journal) Al-Amwal: Jurnal Ekonomi dan Perbankan Syariah
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The Influence of Macroeconomic Shocks, Operational Efficiency, and Financing Risk: An Empirical Study of NPF in Indonesian Islamic Banks Mubarok, Faizul; Wibowo, Martino; Pradana, Hasta Dwi; Yaacob, Zulnaidi
Falah: Jurnal Ekonomi Syariah Vol. 11 No. 1 (2026): FEBRUARY
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jes.v11i1.43291

Abstract

This study examines the influence of key macroeconomic variables on the level of Non-Performing Financing (NPF) in Indonesia’s Islamic banking sector using a Vector Error Correction Model (VECM) framework. Research on the stability of Islamic banking was growing, even limited studies linked macroeconomic indicators with NPF with long-term data and dynamic frameworks. This study was quantitative by using macroeconomics indicators such as inflation, the exchange rate, economic growth, the stock price index, financing levels, and global oil prices, complemented by the bank-specific variable BOPO. The secondary time-series data covering the period 2007–2025 were employed in this study. Johansen’s cointegration test indicates the presence of three cointegrating vectors, confirming the existence of long-run relationships among the variables. The result found that the VECM estimation reveals that the exchange rate and inflation exert significant short-run effects on NPF, whereas operational efficiency (BOPO) and economic growth are significant determinants in the long run. These findings underscore the critical role of macroeconomic stability and bank-level operational efficiency in sustaining financing quality in Islamic banking. The implication of this study recommends strengthening risk-management practices, enhancing monitoring effectiveness, and adopting more responsive strategies to mitigate macroeconomic volatility. In addition, policymakers are encouraged to review and adapt macroprudential policies to respond to changing economic conditions. These actions collectively can  enhance stakeholder resilience and support effective leadership during periods of economic uncertainty.
The Role of Auditor Experience in Moderating the Influence of Internal Audit, Auditor Competence, and Auditor Integrity on Abuse of Authority Poppy Damayanti; Lukas Purwoto; Faizul Mubarok
Economics and Digital Business Review Vol. 7 No. 1 (2026)
Publisher : STIE Amkop Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37531/ecotal.v7i1.3677

Abstract

This study aims to analyze the role of auditor experience in moderating the influence of internal audit, auditor competence, and auditor integrity on abuse of authority. This research employs a quantitative approach using the Structural Equation Modeling – Partial Least Squares (SEM-PLS) method with SmartPLS version 3.2.9. The research sample consists of 303 auditors in Indonesia, selected using a purposive sampling technique with a ratio of 10 respondents for each research indicator. The results show that internal audit has a negative and significant effect on abuse of authority, indicating that the better the implementation of internal audit, the lower the level of abuse of authority. In contrast, auditor competence and auditor integrity do not have a significant direct effect on abuse of authority, suggesting that technical ability and individual integrity alone are not sufficient to directly reduce the occurrence of abuse of authority. Furthermore, auditor experience does not moderate the effect of internal audit, auditor competence, or auditor integrity on abuse of authority. This indicates that the effectiveness of these variables is more influenced by organizational procedures, control systems, and governance mechanisms rather than individual auditor experience. These findings highlight that internal audit plays a primary role in reducing abuse of authority, while auditor competence, integrity, and experience are more effective when optimized through strong organizational systems and governance practices.
Analisis Kepatuhan Wajib Pajak Orang Pribadi: Self Asessment System dan Sosialisasi Perpajakan dengan Pengetahuan Wajib Pajak Sebagai Variabel Mediasi di Kabupaten Rejang Lebong Kepahiang, dan Lebong Affandhi, Hanif; Jatiningsih, Dyah Ekaari Sekar; Mubarok, Faizul
Community Engagement and Emergence Journal (CEEJ) Vol. 7 No. 4 (2026): Community Engagement & Emergence Journal (CEEJ)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ceej.v7i4.10902

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh Self-Assessment System dan Sosialisasi Perpajakan terhadap Kepatuhan Wajib Pajak dengan Pengetahuan Pajak sebagai variabel mediasi. Hasil penelitian menunjukkan bahwa Self-Assessment System berpengaruh positif dan signifikan terhadap Kepatuhan Wajib Pajak serta menjadi faktor yang paling dominan dalam model penelitian. Sosialisasi Perpajakan juga terbukti berpengaruh positif dan signifikan terhadap Kepatuhan Wajib Pajak, meskipun dengan pengaruh yang relatif lebih kecil dibandingkan Self-Assessment System. Selain itu, Self-Assessment System dan Sosialisasi Perpajakan berpengaruh signifikan terhadap Pengetahuan Pajak, dengan Self-Assessment System memiliki pengaruh yang lebih kuat. Pengetahuan Pajak terbukti mampu memediasi pengaruh Self-Assessment System dan Sosialisasi Perpajakan terhadap Kepatuhan Wajib Pajak, yang menunjukkan bahwa peningkatan kepatuhan terjadi melalui peningkatan pemahaman perpajakan. Dengan demikian, upaya peningkatan kepatuhan wajib pajak perlu difokuskan pada penguatan sistem self-assessment dan peningkatan kualitas sosialisasi perpajakan guna meningkatkan pengetahuan wajib pajak.
Hacking Profits in Real Estate: The Influence of Capital Structure, Liquidity, and External Factors Faizul Mubarok; Farhan Putra Pramudya; Muhammad Ziyad Izzuddin
Jurnal Ekonomi, Bisnis & Entrepreneurship Vol. 18 No. 1 (2024): Jurnal Ekonomi, Bisnis & Entrepreneurship (e-Journal)
Publisher : Pusat Penelitian dan Pengabdian Pada Masyarakat (P3M) STIE Pasundan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55208/3sb3dq09

Abstract

This study seeks to empirically examine the influence of capital structure, liquidity, firm value, firm size, and external factors on profitability within companies operating in the property and real estate sector listed on the Indonesia Stock Exchange, utilizing sample data from 2018 to 2022. Through purposive sampling, 10 companies were selected as research subjects, employing panel data regression analysis. The findings indicate that liquidity and company size have a negative and significant impact on profitability. Conversely, inflation exerts a positive and significant influence on profitability. However, neither capital structure nor firm value significantly affect profitability. These results contribute to understanding the factors influencing the profitability of property and real estate sector companies within the Indonesian capital market context.
The Effect of Ramadan on the Indonesian Sharia Stock Index Husen, Ulfiya; Nasarudin, Indo Yama; Mubarok, Faizul
EQUILIBRIUM Vol 9, No 1 (2021): EQUILIBRIUM
Publisher : Prodi Ekonomi Syariah Pascasarjana IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/equilibrium.v9i1.9071

Abstract

As the most prominent Muslim majority country globally, Ramadan is a viral religious celebration in Indonesia. This study aims to determine the effect of the month of Ramadan on the performance of Islamic stocks in food and beverage companies. This study uses the event study method with a paired sample t-test as a test instrument. Sharia stock performance uses variable returns, abnormal returns, trading volume activity, and variability of securities returns from 2013-2020 during Shaban, Ramadan, and Syawal. This study indicates that the return variable and trading volume activity have a significant difference at the moment and after the month of Ramadan. In contrast, the other tests have no difference. Directly, during the month of Ramadan, the level of public consumption increases along with increasing needs. Indirectly, the traditions of the month of Ramadan also affect performance in the capital market. This phenomenon will affect sentiment in stock transactions based on the festive atmosphere brought by the month of Ramadan.
Ethical Values, Trusted Information, and Quality Heuristics in Shaping Halal Food Purchase Commitment: Evidence from the Indonesian Muslim Diaspora in Europe Faizul Mubarok; Shine Pintor Siolemba Patiro; Martino Wibowo; Deni Pandu Nugraha
Journal of Islamic Economic Laws Vol. 9 No. 01 (2026): January
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v9i01.15900

Abstract

This study examines how ethical moral values and trusted halal information shape halal food purchase commitment among the Indonesian Muslim diaspora in Europe. Integrating value–cognition–behavior and information trust perspectives, this study proposes a dual-pathway model comprising Ethical–Moral Halal Value Attribution (EMHVA), the Halal Information Trust Ecosystem (HITE), and the Halal Quality and Safety Heuristic (HQSH). Data were collected from 173 respondents across nine European countries and analyzed using PLS-SEM. EMHVA does not directly influence purchase commitment but significantly affects HQSH, indicating a strong indirect effect. In contrast, HITE has a significant direct effect on purchase commitment and a weaker effect on HQSH. The mediating role of HQSH in the HITE pathway is marginal. These results suggest that ethical values operate through cognitive evaluation mechanisms, whereas trusted information directly reduces uncertainty and strengthens commitment. This study contributes to the literature by introducing a dual-pathway model that distinguishes between value- and information-driven mechanisms of halal consumption. Practically, it highlights the importance of strengthening credible halal information systems and enhancing quality signaling to support diaspora consumers in complex market environments.
Model Simulasi untuk Menentukan Harga Pokok Pembelian Tandan Buah Segar di Pabrik Kelapa Sawit Berdasarkan Analisis Data Historis Harga Budianto, Yusuf; Mubarok, Faizul
Jurnal Akuntansi & Keuangan Unja Vol 11 No 02 (2026): Jurnal Akuntansi & Keuangan Unja
Publisher : Magister Ilmu Akuntansi Universitas Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22437/jaku.v11i02.53983

Abstract

This study aims to develop a simulation model for determining the Cost of Fresh Fruit Bunches (FFB) Purchase Price at palm oil mills, based on historical data and key production factors, including CPO price, PK price, production yield (OER and KER), processing wages, and transportation costs. The research employs an econometric approach using the Vector Error Correction Model (VECM) to examine both short-term and long-term relationships among the variables. The findings indicate that CPO and PK prices have a significant positive effect on FFB purchase price, while production yield contributes positively and significantly in the long run. Conversely, processing wages and transportation costs show a negative effect on FFB cost. The negative and significant Error Correction Term (ECT) demonstrates the presence of a price adjustment mechanism that drives the FFB price toward long-term equilibrium. In conclusion, the developed model effectively captures the dynamic interactions between market and production factors, supporting strategic pricing and enhancing profitability in the palm oil industry.
Examining the Short and Long Term Dynamics of the Indonesian Sharia Stock Index (ISSI) Using VECM, IRF, and FEVD Approaches Faizul Mubarok; Lika Malika; Khaira Nazla Al Naquib; Asyifa Nurul Arshylla; ⁠Nelly Mahaduri
FITRAH: Jurnal Kajian Ilmu-ilmu Keislaman Vol 12, No 1 (2026)
Publisher : UIN Syekh Ali Hasan Ahmad Addary Padangsidimpuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24952/fitrah.v12i1.11103

Abstract

This study investigates the short-term and long-term effects of macroeconomic shocks on the Indonesian Sharia Stock Index (ISSI) using the Vector Error Correction Model (VECM), Impulse Response Function (IRF), and Forecast Error Variance Decomposition (FEVD). Monthly data from 2011 to 2023 are employed to examine the influence of interest rates (RTE), inflation (IFLS), exchange rates (EXRT), foreign direct investment (FDI), and crisis conditions (CRS), where CRS is modeled as a dummy variable representing two major financial crisis periods. The VECM results indicate the presence of a long-term cointegration relationship, implying that ISSI is significantly affected by macroeconomic variables in the long run. In the short run, however, the findings show that these variables do not exert a significant immediate effect on ISSI. The IRF analysis reveals dynamic responses of ISSI to shocks in the predictor variables over 60 periods, with interest rates showing the strongest initial impact before gradually declining. FEVD results demonstrate that the contribution of each macroeconomic variable to ISSI fluctuations varies substantially over time. Furthermore, correlation analysis highlights the changing influence of macroeconomic variables during crisis periods, underscoring their role in shaping Islamic stock market dynamics. Overall, the empirical outcomes provide insights for developing adaptive strategies and investment decisions aligned with Islamic financial principles, including reverse Murabaha–based practices
Financial Risk Mitigation Through Sustainability: Evidence from Construction Sector in Southeast Asia Rustandi Rustandi; Tri Gunarsih; Nuryasman Nuryasman; Faizul Mubarok
Inkubis : Jurnal Ekonomi dan Bisnis Vol. 8 No. 2 (2026): INKUBIS Jurnal Ekonomi Dan Bisnis
Publisher : Politeknik Siber Cerdika Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59261/inkubis.v8i2.313

Abstract

Background: The construction sector is highly exposed to financial risk due to cost overruns, delayed payments, and market volatility. However, limited studies have examined how multidimensional financial risks affect firm value in Southeast Asia, particularly when ESG is positioned as a risk-mitigation mechanism. Objective: This study examines the effects of bankruptcy risk, fundamental risk, and liquidity risk on firm value while testing the moderating role of ESG in construction firms across Southeast Asia from 2015 to 2024. Methods: This study employed an explanatory quantitative design using unbalanced panel data, consisting of 1,831 observations for the direct risk model and 240 observations for the ESG moderation model. The data were analyzed using static panel estimation with Driscoll–Kraay standard errors and dynamic System GMM estimation. Results: Bankruptcy risk, fundamental risk, and liquidity risk significantly affected firm value across different model specifications. ESG significantly moderated the relationship between bankruptcy risk and firm value, indicating that sustainability practices strengthen the market signal of financial stability. However, ESG did not significantly moderate the effects of fundamental risk or liquidity risk on firm value. Conclusion: ESG practices selectively enhance firm resilience against bankruptcy risk, whereas operational and liquidity risks are assessed more independently by the market. This study contributes cross-country evidence on financial risk, firm value, and sustainability in Southeast Asia’s construction sector.
Peningkatan Kinerja UMKM Melalui Financial Technology dan Inklusi Keuangan Dengan Perilaku Keuangan Sebagai Mediasi Yudie Fitrianto; Nuryasman Nuryasman; Faizul Mubarok
Jurnal Ekonomi Manajemen Sistem Informasi Vol. 7 No. 5 (2026): Jurnal Ekonomi Manajemen Sistem Informasi (Mei - Juni 2026)
Publisher : Dinasti Review

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/jemsi.v7i5.7943

Abstract

This study aims to analyze the direct and indirect influence of financial technology and financial inclusion on MSME performance through the role of financial behavior as a mediating variable. The population used was all 1,511 MSMEs in Demak Regency. The sampling technique used purposive sampling, with the criteria being MSMEs in Demak Regency who had been operating for more than one year and had utilized fintech services to support their businesses. A total of 108 respondents were selected. The data analysis technique used was Structural Equation Modeling-Partial Least Squares (SEM-PLS). The results showed that financial technology had a positive and significant effect on financial behavior, and financial inclusion had a positive and significant effect on financial behavior. The results also showed that financial technology had a positive and significant effect on MSME performance, financial inclusion had a positive and significant effect on MSME performance, and financial behavior had a positive and significant effect on MSME performance. The results of the mediation test showed that financial behavior can mediate the influence of financial technology and financial inclusion on MSME performance.
Co-Authors Abdul Halim Abdul Hamid Abdul Hamid Affandhi, Hanif Ali Muktiyanto Andi Harmoko Arifin Andi Harmoko Arifin Ari Warokka Arie Wibowo Khurniawan Arief Mufraini, Arief Astuti, Desy Widhi Asyifa Nurul Arshylla Aulia Sepviani Aumeboonsuke, Vesarach Ayu Rachmawati Benbadri, Asir Filard Benny Eko Supriyanto Bisma, Muhammad Faturrahman Aria Budianto, Yusuf Damayanti, Prisila Damayanti, Prisilla Damayanty , Prisila Darma Saputra Deni Pandu Nugraha Diky Paramitha Dyah Ekaari Sekar Jatiningsih, Dyah Ekaari Sekar El Ghifari, Muhammad Sheva Endi Rekarti, Endi Eni Sutrieni Erliana Indasaputry Erlin, Erlin Etik Ipda Riyani Etik Ipda Riyani, Etik Ipda Riyani Etty Puji Lestari Fajarwati, Nabila Desinta Farhan Putra Pramudya Fatimah Azzahrah Fatimah, Etty Febrina, Anisha Ferliana, Vira Firdaus, Paja Zaky Fizriyah, Nurul Florentina, Ika Halim, Abdul Hasta Dwi Pradana Henanda, Fauzan Falah Hendrian Hendrian, Hendrian Hermanto Siregar Himawan, Farras Azhar Ananda Husen, Ulfiya Ika Florentina Indo Yama Nasaruddin Irmawaty Irwan Trinugroho Irwan Trinugroho Ishanifah, Annisa Izzuddin, Muhammad Ziyad Joko Rizkie Widokarti Kabul Wahyu Utomo Kasful Anwar Khaira Nazla Al Naquib Khurniawan, Arie Wibowo Klimko, Roman Kurnia, Muhammad Irfan Kurniawan*, Iqbal Latif, Sahraman D Hadji Lika Malika Lukas Purwoto Lumbangaol, Lasando Lumintang, Zulfikar Halim Lyadi, Citra Febria Mahjus Ekananda Martino Wibowo Maulida, Zahra Mawarni, Annisa Putri Melan Rena Mohammad Masykur Fadhli Mohammad Nur Rianto Al Arif Muhammad Arief Mufraini Muhammad Faturrahman Aria Bisma Muhammad Iqbal Arrasyid Muhammad Ridho Syakhran Siregar Muhammad Ziyad Izzuddin Muhammad Zulham Tarmuzi Maradjabesi Mulyawan, Anggi Muna, Putri Naelul Murtiadi Awaluddin Mutiara, Laila Nabila, Bela Nunung Nuryartono Nur'aini, Dyah Tari Nurhasanah, Anggun Nurmailia, Avhita Nuryasman Nuryasman Nuryasman Nuryasman Pamungkas, Farhan Pangestu, Ilham Poluan, Meylan Sendy Poppy Damayanti Pradana, Hasta Dwi Prakoso, Yoga Dwi Pramudya, Farhan Putra Prasetiyo, Yudhi Pratiwi, Rida Adela Prisila Damayanty Purnomo, Kelik Heri Putra, Muhammad Zaki Adzkiya Rahman, Saif Ur Rahman, Saif-Ur Rentika, Della Rika Candraningrat, Ica Rosimah Ahmad Rusdianto Rusdianto Rustandi Rustandi Sabrina, Kayla Nur Sahraman Hadji Latief Said Kelana Asnawi Salsabila, Shazkia Sauqi, Irfan Senewe, Fika Olivia Setijaning, Herlin Tundjung Setyowati, Erlina Nur’aini Shine Pintor Siolemba Patiro Shofia Shofia Sippavitch Wongsuwatt Siregar, Muhammad Ridho Syakhran Sri Wahyuni SULTAN, ZULKIFLI Suntrayuth, Sid Syaiful, Dzikra Nisa Syarif, Afdal Tiena Suhartini Tri Gunarsih Tubagus Ismail Ulfarini, Deby Utami, Risma Nadya Utami, Tutik Sri Vesarach Aumeebonsuke Wardiwiyono, Sartini Wati, Lela Nurlaela Widyawan, Damar Wongsuwatt, Sippavitch Yaacob, Zulnaidi Yudhi Prasetiyo Yudie Fitrianto Zahra, Ikrimatuz Zilwan, M. ⁠Nelly Mahaduri