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Contact Name
Alwahidin
Contact Email
lifalah.iainkdi@gmail.com
Phone
+6282348219871
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Editorial Address
Jl. Sultan Qaimuddin No.17 Baruga
Location
Kota kendari,
Sulawesi tenggara
INDONESIA
Li Falah: Jurnal Studi Ekonomi dan Bisnis Islam
Li Falah, Journal of Islamic Economics and Business Studies is a scientific journal concerning on the latest research results and becomes a scientific communication media for lecturers, researchers, and or observers in the Islamic economics and business field.
Articles 8 Documents
Search results for , issue "Vol. 9 No. 1 (2024): June 2024" : 8 Documents clear
The Influence of Spiritual Leadership and Self Efficacy on Work Engagement Mediated by Character Building in Students' Islamic Boarding School Organizations Aini, Sofia Nurul; Setiani, Setiani
Li Falah: Journal of Islamic Economics and Business Vol. 9 No. 1 (2024): June 2024
Publisher : Institut Agama Islam Negeri Kendari

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31332/lifalah.v9i2.10066

Abstract

This study was conducted with the aim of analyzing and determining the effect of spiritual leadership and self-efficacy on work engagement mediated by character formation in Islamic boarding school student organizations. This study is a quantitative study with an explanatory type with a hypothesis formulation between variables. The population of the study was students of the Al-Hikmah Al-Fathimiyyah Merjosari Islamic Boarding School in Malang City. The sampling technique used was purposive sampling technique totaling 60 people. Data collection techniques used were interviews, observations, questionnaires and documentation. Data analysis used descriptive statistical analysis and SmartPLS 4.0 application techniques. Based on the hypothesis in this study, the results of the study showed that spiritual leadership had an effect but was not significant on work engagement. But for self-efficacy, it had a significant effect on work engagement. Then character formation as a mediating variable did not mediate well between spiritual leadership on work engagement and self-efficacy on work engagement
TAGUVESTASI: Revolutionizing Halal Agriculture Through Blockchain-Integrated Sharia P2P Lending Platform for Sustainable Green Economy Development Indriani, Regina Selvi; Nur, Awal
Li Falah: Journal of Islamic Economics and Business Vol. 9 No. 1 (2024): June 2024
Publisher : Institut Agama Islam Negeri Kendari

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31332/lifalah.v1i1.10247

Abstract

This study introduces Taguvestasi, an innovative blockchain-integrated digital platform that addresses critical challenges in Indonesia's agricultural sector through Sharia-compliant Peer-to-Peer (P2P) lending. With 38.23 million people (29.76% of the workforce) engaged in agriculture yet facing persistent poverty due to limited capital access and marketing constraints, there is an urgent need for technological intervention aligned with Islamic principles. Through qualitative descriptive analysis, this research examines how Taguvestasi's blockchain-integrated platform optimizes halal agriculture while promoting green economy principles. The platform incorporates eight key features: funding applications, portfolio management, training programs, halal certification assistance, agricultural news, technical support, marketplace integration, and smart contract implementation. Our findings demonstrate that Taguvestasi successfully bridges the gap between farmers and investors through Sharia-compliant P2P lending, while its blockchain integration ensures transparent, secure transactions and smart contract execution. The platform's innovative approach not only addresses capital accessibility issues but also promotes sustainable agricultural practices, contributes to farmer empowerment, and advances green economy objectives. This research contributes to the growing body of knowledge on Islamic financial technology's role in sustainable agricultural development and provides practical insights for implementing blockchain-based Sharia-compliant financing solutions.
Beyond Documentation: Understanding Implementation Barriers of Halal Certification Among Micro and Small Enterprises Ariska, Nenda; Elwardah, Khairiah; Zaki, Khozin; Yustati, Herlina; Novita Sari, Kiki
Li Falah: Journal of Islamic Economics and Business Vol. 9 No. 1 (2024): June 2024
Publisher : Institut Agama Islam Negeri Kendari

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31332/lifalah.v1i1.10771

Abstract

This study examines the multifaceted challenges faced by Micro and Small Enterprises (MSEs) in implementing halal certification in Selebar District, Bengkulu City, Indonesia. Despite the mandatory halal certification requirement established by Law Number 33 of 2014, many MSEs have yet to comply with this regulation. Through qualitative field research involving in-depth interviews with 11 MSE owners, this study identifies three critical barriers to halal certification implementation. First, there is a significant knowledge gap among MSE actors regarding halal certification requirements and available support programs, particularly the government's free certification initiative (SEHATI). Second, MSEs face substantial documentation challenges, with none of the studied businesses possessing the required Business Identification Number (NIB), compounded by limited technological literacy that hinders the application process. Third, there is low awareness among MSE actors about the strategic importance of halal certification for business sustainability. The findings suggest that successful implementation of halal certification requires a comprehensive approach that addresses knowledge barriers, simplifies documentation requirements, and builds awareness through targeted education programs. This research contributes to understanding the practical challenges of implementing halal regulations at the micro-enterprise level and offers policy recommendations for improving certification adoption rates.
Macroeconomic Determinants of Islamic Stock Market Performance: An Analysis of Interest Rates, Inflation, Exchange Rates and Gold Prices Layaman, Layaman; Abdul Wadud, Abdul Muizz; Jaelani, Aan; Mawaddah, Zazilatul
Li Falah: Journal of Islamic Economics and Business Vol. 9 No. 1 (2024): June 2024
Publisher : Institut Agama Islam Negeri Kendari

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31332/lifalah.v1i1.10773

Abstract

This study investigates how key macroeconomic variables influence the Islamic stock market in Indonesia through analysis of the Jakarta Islamic Index (JII). The research examines the impact of interest rates, inflation, exchange rates, and global gold prices on Islamic stock price movements, using monthly time series data from 2017 to 2021. The study employs multiple linear regression analysis with classical assumption tests to analyze the relationships between these variables. The findings reveal that interest rates have a significant positive effect on Islamic stock prices, while exchange rates demonstrate a significant negative impact. Inflation shows a negative but insignificant influence, and global gold prices exhibit a negative but statistically insignificant effect on the Islamic stock index. The model explains 69.8% of the variance in Islamic stock prices, indicating the substantial role of macroeconomic factors in determining Islamic stock market performance. These results provide valuable insights for investors, policymakers, and market participants in understanding the dynamics of Islamic stock markets and their relationship with broader economic conditions. The study contributes to the growing literature on Islamic finance by demonstrating how Sharia-compliant investments respond to various macroeconomic factors, offering practical implications for investment strategies and market regulation.
Analyzing Consumer Shopping Interest Drivers: The Impact of Promotional Strategies in E-Commerce Among Muslim Students Hakim, Miftahur Rahman; Kadir, Afifuddin; Indi, Anita; Adel, Adel
Li Falah: Journal of Islamic Economics and Business Vol. 9 No. 1 (2024): June 2024
Publisher : Institut Agama Islam Negeri Kendari

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31332/lifalah.v1i1.10774

Abstract

This study investigates how key promotional strategies influence online shopping interest among Muslim university students, focusing specifically on discounts, free shipping offers, and cash-on-delivery (COD) payment systems in the Shopee e-commerce platform. Using a quantitative approach with survey data from 100 Muslim students in Kendari City selected through quota sampling, and the research employs ordinal regression analysis to examine the relationships between these promotional elements and shopping interest. The findings reveal that discounts and free shipping offers significantly influence shopping interest, with discount promotions showing the strongest effect (odds ratio of 2.19), followed by free shipping (odds ratio of 1.29). Interestingly, the COD payment system demonstrates no significant impact on shopping interest. The model explains 52.3% of the variance in shopping interest, highlighting the substantial role of promotional strategies in driving e-commerce adoption among Muslim students. These results provide valuable insights for e-commerce platforms and marketers in developing targeted promotional strategies for the Muslim student segment. The study contributes to the understanding of Muslim consumer behaviour in digital commerce by demonstrating how different promotional tools influence their shopping interests while considering their unique characteristics as digital-native consumers with specific religious values and limited disposable income.
Comparing Pre and Post-Merger Performance of Bank Syariah Indonesia: A Maqashid Shariah Index Analysis Inarawi, Wiwi; Djuwita, Diana; Wartoyo, Wartoyo; Wahyuningsih, Nining
Li Falah: Journal of Islamic Economics and Business Vol. 9 No. 1 (2024): June 2024
Publisher : Institut Agama Islam Negeri Kendari

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31332/lifalah.v1i1.10779

Abstract

This study evaluates the performance impact of Indonesia's landmark Islamic bank merger by comparing pre and post-merger performance using the Maqashid Shariah Index (MSI) framework. The research analyzes performance data from the three merged banks - Bank Rakyat Indonesia Syariah (BRIS), Bank Negara Indonesia Syariah (BNIS), and Bank Syariah Mandiri (BSM) - for five years prior to their merger (2016-2020), and compares it with two years of post-merger data (2021-2022) from Bank Syariah Indonesia (BSI). Using a quantitative approach with descriptive verification methods, the study employs Simple Additive Weighting and Mann-Whitney U Test to analyze performance across three MSI dimensions: education of individuals (Tahzib al-Fard), establishment of justice (Iqamah al-Adl), and promotion of welfare (Jalb al-Maslahah). The findings reveal that among the pre-merger banks, BSM demonstrated the strongest overall MSI performance. Post-merger analysis shows that while BSI achieved performance stability in its first two years, its MSI score remains slightly below the pre-merger average. Statistical analysis using the Mann-Whitney U Test indicates no significant performance differences between pre and post-merger periods across all MSI dimensions. These results provide important insights for Islamic banking practitioners and regulators regarding the early performance outcomes of this strategic merger while highlighting opportunities for further optimization of BSI's adherence to Shariah objectives.
Analysis of Sharia Compliance and Islamic Corporate Identity Impact on Financial Performance: Evidence from Indonesian Islamic Banks (2019-2022) Puspita, Sari Maylina; Suryanto, Tulus; Iqbal, Muhammad
Li Falah: Journal of Islamic Economics and Business Vol. 9 No. 1 (2024): June 2024
Publisher : Institut Agama Islam Negeri Kendari

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31332/lifalah.v1i1.10827

Abstract

This study examines the relationship between Sharia compliance measures, Islamic corporate identity, and financial performance in Indonesian Islamic banks. Using panel data from seven Islamic commercial banks over the 2019-2022 period, the study employs three Sharia compliance indicators: Islamic Income Ratio (IsIR), Profit Sharing Ratio (PSR), and Islamic Investment Ratio (IIR), along with Islamic Corporate Identity (ICI) as independent variables. Financial performance is measured through Return on Assets (ROA). The research utilizes panel data regression analysis with a fixed effect model validated through Chow and Hausman tests. Results indicate that PSR and ICI have significant negative effects on financial performance, while IIR demonstrates a significant positive influence. Interestingly, IsIR shows no significant impact on financial performance. The model explains 85.55% of the variation in financial performance, suggesting strong explanatory power. These findings provide valuable insights for Islamic banking regulators and practitioners in understanding the complex relationship between Sharia compliance, corporate identity, and financial performance in the Islamic banking sector.
Conceptual Framework for Fintech in Sharia Financial Planning Masmuh, Muhammad Mukti Arif; Rahmawati; Fahmi, Muhammad
Li Falah: Journal of Islamic Economics and Business Vol. 9 No. 1 (2024): June 2024
Publisher : Institut Agama Islam Negeri Kendari

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31332/lifalah.v9i1.8221

Abstract

This study aims to develop a framework that can increase the use of financial technology (fintech) in Islamic financial planning, which is expected to support sustainable economic development for individuals and institutions. The method used is a descriptive literature study, which collects data from various sources such as scientific journals, books, and related reports. The results of the study show that the application of fintech in Islamic financial planning can provide easy access and increase financial inclusion in Muslim communities, especially in Indonesia. This study also identified five important processes in the development of fintech for Islamic financial planning: identification, customers, standardisation, technology, and realisation. The implications of this study are the importance of cooperation between Islamic financial institutions and fintech companies to create innovative solutions that are in accordance with Sharia principles, as well as the need to develop policies that support the Sharia fintech ecosystem in Indonesia.

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