Al-Muzara'ah
Vol. 14 No. 1 (2026): AL-MUZARA'AH (January 2026)

The Role of Islamic Finance, Workers, and Added Value in the Agromaritime Sector on Economic Growth: A Study of Indonesia, Malaysia, and Brunei Darussalam

Tajul 'Ula (Program Studi Ekonomi Syariah, Institut Agama Islam Negeri Langsa, Jl. Meurandeh, Kampus IAIN Langsa Meurandeh, Kota Langsa 24411, Aceh, Indonesia)
Juli Dwina Puspita Sari (Program Studi Ekonomi Syariah, Institut Agama Islam Negeri Langsa, Jl. Meurandeh, Kampus IAIN Langsa Meurandeh, Kota Langsa 24411, Aceh, Indonesia)
Putri Ulifas Sahira (Program Studi Ekonomi Syariah, Institut Agama Islam Negeri Langsa, Jl. Meurandeh, Kampus IAIN Langsa Meurandeh, Kota Langsa 24411, Aceh, Indonesia)
Erne Suzila Kassim (Center of Applied Management Studies, Universiti Teknologi MARA, Jl. Raya 6, Kampus UiTM Cawangan Seulangor, Puncak Alam 42300, Selangor, Malaysia)



Article Info

Publish Date
26 Jan 2026

Abstract

The agromaritime sector faces various problems that hinder its potential to contribute optimally to economic growth. This study aims to analyze the role of Islamic finance sharing in the agromaritime sector, agricultural sector labor, and the added value of the agromaritime sector on economic growth in Indonesia, Malaysia, and Brunei Darussalam from 2019Q1 to 2023Q4 using the Autoregressive-Distributed Lag (ARDL) panel data model. The results of the analysis revealed that all independent variables showed a significant impact on economic growth in the long and short term. Islamic finance is able to provide alternative financing to encourage the agromaritime sector that supports inclusive economic activities. In addition, labor in the agricultural sector also plays a negative significant role on economic growth, indicating that improving the quality and quantity of labor in this sector can accelerate economic growth. The added value of the agromaritime sector has proven to contribute positively to economic growth. These findings underscore the importance of integrating Islamic finance with the development of the agromaritime sector and improving the quality of labor to achieve sustainable economic growth.

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Journal Info

Abbrev

jalmuzaraah

Publisher

Subject

Economics, Econometrics & Finance Other

Description

Al-Muzara'ah –Journal of Islamic Economics and Finance, is a collaborative journal of the Department of Islamic Economics, Bogor Agricultural University with the Indonesian Association of Islamic Economist (IAEI). The aim of the journal is to communicate and as the media of academic ...