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Diverging Research Pathways in Islamic Capital Markets: A Bibliometric Study of Indonesia and Malaysia Noval, Noval; Bachmid, Sofyan; Sofyan, Syaakir; MS, Syaifullah; Haekal, Ahmad; A. Rifai, Rachmawati; Nurdin, Muhammad Syarif
Journal of Islamic Economic and Business Research Vol. 6 No. 1: June 2026
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jiebr.v6i1.569

Abstract

This study examines divergent research pathways in Islamic capital market (ICM) scholarship in Indonesia and Malaysia through a comparative bibliometric and thematic mapping approach. Based on 636 Scopus-indexed journal articles, comprising 212 Indonesia-affiliated records from 2012–2025 and 424 Malaysia-affiliated records from 2008–2025, the study applies Bibliometrix/Biblioshiny and VOSviewer to analyze publication growth, citation impact, influential actors, collaboration networks, keyword co-occurrence, thematic structures, co-citation networks, and knowledge evolution. The findings reveal two distinct but complementary trajectories. Indonesia shows faster recent growth and emerging visibility in sukuk, cash waqf, green sukuk, securities crowdfunding, financial inclusion, and sustainability-oriented Islamic finance, reflecting an acceleration phase shaped by development and inclusion concerns. Malaysia demonstrates a more mature and globally integrated research ecosystem, marked by higher productivity, stronger citation impact, productive institutional hubs, broader collaboration, and themes related to Islamic equities, portfolio diversification, bond yields, risk transmission, and market sophistication. The study contributes by showing that Indonesia–Malaysia differences reflect distinct knowledge-production models shaped by institutional maturity, regulatory ecosystems, and research infrastructure, thereby positioning Southeast Asia as a distinctive contributor to global ICM scholarship.
Beyond Financial Outcomes: Evaluating the Multi-Dimensional Impact of Halal Certification on Food and Beverage MSMEs Andi Rabiul Auliadin; Sitti Aisya; Nur Syamsu; Syaakir Sofyan; Nuriatullah Nuriatullah
Milkiyah: Jurnal Hukum Ekonomi Syariah Vol. 5 No. 2 (2026): Milkiyah: Jurnal Hukum Ekonomi Syariah
Publisher : Sekolah Tinggi Agama islam Negeri Majene

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46870/milkiyah.v5i2.2064

Abstract

While existing research primarily emphasizes efficiency and market competitiveness, it often overlooks broader dimensions such as customer trust, internal processes, and organizational learning. This study investigates the multi-dimensional impacts of halal certification on MSMEs. Using the Balanced Scorecard framework, this qualitative case study examines the performance of food and beverage MSMEs in Palu City. Data were gathered from 16 purposively selected halal-certified MSMEs through semi-structured interviews and documentation, then analyzed thematically. The findings indicate that the most substantial impact of halal certification extends beyond financial outcomes, emerging most prominently within internal business processes, particularly in areas such as hygiene control, documentation, traceability, raw material selection, and production discipline. These improvements bolster customer trust and product legitimacy, which can facilitate broader market access and more stable sales. However, financial benefits tend to be indirect, depending on an MSME's ability to leverage certification for growth while managing compliance costs. Ultimately, this study highlights that halal certification serves not merely as a regulatory requirement, but as a vital organizational governance mechanism that strengthens business credibility and operational discipline
Unraveling The Influence of Halal Certification Logos on Consumer Choises: A Meta-Analysis in The Indonesian Market Syaakir Sofyan; A. Syathir Sofyan; Ishfaq Ahmed; Ega Rusanti; Noval Noval; Nur Syamsu
IQTISHODUNA: Jurnal Ekonomi Islam Vol. 14 No. 2 (2025): October
Publisher : Department of Sharia Economics Faculty of Islamic Economics and Business, Universitas Islam Syarifuddin Lumajang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54471/iqtishoduna.v14i2.2886

Abstract

The aim of this research is to examine the development of research on the influence of halal logos on purchasing decisions for halal products in Indonesia. The method used is meta analysis by reviewing 33 studies published in 2013-2023 with the help of the OpenMEE application. The results of this research show that there is a positive influence of the logo on decisions with a p-value obtained <0.001 and an estimated value of 0.415, which indicates that the strength of the relationship is in the medium category. The influence of the halal cosmetics industry is greater than that of the halal food industry. In terms of sample type, the student sample effect is greater than the general public sample effect. Meanwhile, in the location group, the effect of the provincial capital is greater than the effect of location in the district. Theoretically, this study strengthens the Theory of Planned Behavior (TPB) by confirming the role of halal logos as external cues that influence consumer attitudes and intentions. It also highlights the halal logo as a trust signal that shapes purchasing behavior across different contexts. Study limitations include limited sample size and lack of adequate moderators to explain within-subgroup variation. Therefore, future research needs to consider testing other important aspects, such as participant groups, countries/regions, and other variables.
Mapping the Landscape of Islamic Business Ethics Research in Indonesian SINTA-Indexed Journals: A Bibliometric Analysis Andi Syathir Sofyan; Rafika; Syaakir Sofyan
Lead Journal of Economy and Administration Vol 4 No 1 (2025): Lead Journal of Economy and Administration (LEJEA)
Publisher : International Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56403/lejea.v4i1.360

Abstract

This study aims to see the development of trends in the study of Islamic business ethics in the scope of business and management published in Sinta-indexed journals. This study uses a bibliometric method with the R Studio analysis tool which is used to analyze the bibliographic data obtained automatically. The results of the bibliometric analysis found that Islamic business ethics research is dominated by Islamic business ethics and ethic which uses more quantitative approaches. Furthermore, some of the research themes that can develop in the future are themes related to the Islamic Business Ethics Issue and the Customer Satisfaction Issue. This research contributes to future research and provides scientific novelty in the assessment of Islamic business ethics publications in the scope of business and management and is also practically and theoretically very important for academics.
Integration of Using Fintech and Social Media for The Business Sustainability in Pesantren Nur Syamsu; Syaakir Sofyan; Sitti Aisya; Muthmainnah MD
EKONOMIKA SYARIAH : Journal of Economic Studies Vol. 6 No. 2 (2022): July - December 2022
Publisher : Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30983/es.v6i2.6024

Abstract

The urgency in utilizing fintech and social media in business to realize the Halal Value Chain (HVC) is paramount because it can provide added economic value for halal business actors, including Islamic boarding schools in the era of Society 5.0. This study aims to analyze the optimization of financial technology and social media integration in halal businesses managed by Islamic boarding schools to achieve the SDGs in the 5.0 era. This study uses phenomenology with data sources from Islamic boarding schools in Central Sulawesi. This research reveals that the integration relationship between fintech and social media highly depends on optimizing both. Factors driving the use of fintech and social media in Islamic boarding schools business consist of internal factors in the form of pesantren awareness of the importance of sustainable business activities and the vision of independence that exists in Islamic boarding schools. Furthermore, internal driving factors include the Covid-19 pandemic, market growth, digital market behavior, market growth, digital access, and customer behavior. Optimizing the use of social media in market mapping to see market demand trends has implications for Islamic boarding school business strategies in developing products.
Professional zakat on performance allowances among PTKIN senior lecturers: Potential and distribution characteristics Mayyadah Mayyadah; Syaakir Sofyan; Fani Ramadhani; Muhammad Syarif Nurdin
Referensi Islamika: Jurnal Studi Islam Vol. 4 No. 4 (2026): AUGUST
Publisher : Academic Bright Collaboration

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.66053/ri.v4i4.817

Abstract

This study aims to analyze the potential and characteristics of zakat on performance-based allowances for professors and associate professors at PTKIN institutions, particularly at UIN Datokarama Palu. The research design employed was qualitative field research. The research subjects consisted of 6 full professors and 6 associate professors selected through a total sampling technique. Data were collected through in-depth interviews, observations, and documentation, and analyzed using the Miles & Huberman model through the stages of data reduction, data presentation, and conclusion drawing. The research findings indicate that lecturers’ performance-based allowances constitute a significant potential source for strengthening Islamic philanthropy and educational financing within PTKIN institutions. In terms of characteristics, professional zakat among senior lecturers reflects a high level of zakat awareness, primarily motivated by religious obligation and a sense of social responsibility. The selected mustahik are predominantly the poor and those categorized as fī sabīlillāh, particularly university students, Islamic boarding schools, mosques, and Islamic educational institutions. Meanwhile, zakat payment patterns combine direct distribution with digital payment systems, although social proximity-based distribution remains dominant. This study is limited by the number of informants. Furthermore, the calculation of zakat potential remains an estimate and does not fully reflect the actual circumstances of individuals, making it highly dependent on the informants’ perceptions. Nevertheless, the study contributes to the development of professional zakat studies by demonstrating that the remuneration system for lecturers at PTKIN institutions creates substantial zakat potential that can be institutionally optimized.This study offers a novel contribution by specifically examining the potential and characteristics of professional zakat on performance-based allowances among full professors and associate professors at PTKIN institutions, particularly UIN Datokarama Palu. It also integrates analyses of zakat potential, payment characteristics, recipient patterns, and distribution mechanisms within the context of Islamic higher education institutions.