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Contact Name
Alwahidin
Contact Email
lifalah.iainkdi@gmail.com
Phone
+6282348219871
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Jl. Sultan Qaimuddin No.17 Baruga
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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 295 Documents
Halal Tourism: A Sharia Economic Perspective and its Impact on Local Economic Development Adiba, Anggita Farah; Nisa, Fauzatul Laily
Li Falah: Journal of Islamic Economics and Business Vol. 9 No. 2 (2024): December 2024
Publisher : Institut Agama Islam Negeri Kendari

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31332/lifalah.v9i2.9232

Abstract

This study examines halal tourism from the perspective of Shariah economics, focusing on its potential to stimulate local economic growth, create new business opportunities, and improve community income and quality of life. Despite the growing interest in halal tourism, there is limited research on how it integrates with Shariah economic principles and its impact on local economies, especially in Muslim-majority countries like Indonesia. Using a qualitative literature review, this research synthesizes key studies on halal tourism and Shariah economics, emphasizing the principles of ownership, consumption, and distribution in the tourism sector. The study finds that halal tourism, when aligned with Shariah principles, can significantly contribute to economic development by creating jobs, boosting local businesses (such as hospitality, transportation, and retail), and increasing regional revenue, including local taxes and small business profits. Additionally, the research highlights that halal tourism encourages infrastructure improvements and enhances the overall quality of life for residents. The study's implications suggest that policymakers and tourism industry stakeholders should prioritize the development of Shariah-compliant tourism services, focusing on infrastructure, human resource training, and marketing to attract Muslim tourists and benefit local economies. By adopting these strategies, halal tourism can become a key driver of sustainable local economic growth, providing long-term social and economic benefits for communities.
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
Digital Transformation and Tax Policy: Analyzing MSME Resilience in Post-Pandemic Era Through E-Commerce Adoption and Tax Incentive Utilization in Bandar Lampung Central Market Maulifah, Elia; Hanif, Hanif; Kurniawan, Agus; Audia, Nanda
Li Falah: Jurnal Studi Ekonomi dan Bisnis Islam Vol. 1 No. 1 (2024): Special Edition: International Conference on Islamic Economics (ICOIE)
Publisher : Institut Agama Islam Negeri Kendari

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31332/lifalah.v1i1.10246

Abstract

This study investigates the intersection of digital transformation and fiscal policy in supporting Micro, Small, and Medium Enterprise (MSME) resilience in the post-COVID-19 landscape. Through comprehensive interviews with 100 MSME owners in Bandar Lampung's Central Market, we examine the effectiveness of government tax incentives and digital platform adoption as key survival strategies. Our findings reveal a significant gap in tax incentive utilization, with 61% of MSMEs not accessing these benefits primarily due to insufficient socialization and complex regulatory frameworks. However, MSMEs demonstrate remarkable adaptability in digital transformation, with 50% adopting Shopee and 29% utilizing Tokopedia as primary e-commerce platforms. The study identifies a clear pattern of digital platform preference, with businesses leveraging various online marketplaces to expand market reach and enhance competitiveness. The research also examines these adaptations through an Islamic economic perspective, evaluating the alignment of digital commerce and tax incentive utilization with Islamic business principles. Our findings suggest that while tax incentive programs have shown limited effectiveness, digital platform adoption has emerged as a crucial factor in business sustainability. This research contributes to understanding the evolving dynamics of MSME resilience in the digital age. It provides practical insights for policy enhancement and business strategy development in the post-pandemic era.
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.
Evaluating the Compliance of Shopee Paylater and Shopee Paypinjam with Islamic Finance Principles: Ethical Challenges and Opportunities in Fintech Rini; Rasulong, Ismail; Yuniarti, Andi; Rachman, Mutmainna
Li Falah: Journal of Islamic Economics and Business Vol. 9 No. 2 (2024): December 2024
Publisher : Institut Agama Islam Negeri Kendari

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31332/lifalah.v9i2.10729

Abstract

This study evaluates the compliance of Shopee Paylater and Shopee Paypinjam with Islamic finance principles by examining their operational mechanism. The research focuses on the challenges posed by interest rates, late fees, and transparency, which hindre adherence to Sharia ethics. A qualitative approach, including case studies and semi-structured interviews with users, was employed, supported by secondary data analysis. The findings reveal significant reveal significant non-compliance with Islamic finance principles, particularly due to the imposition of interest and late payment penalties, both considered forms of riba. Moreover, unclear repayment terms and hidden fees undermine the transparency and fairmenss central to Islamic finance practices. While the fintech services provide convenience and accessibility, they fail to meet the understanding of fintech in Islamic markets, highlighting the need for profit-sharing models, improved transparency, and Sharia-compliant regulatory frameworks. The findings offer practical insights for fintech providers, policymakers, and Sharia boards, emphasizing the importance of fostering trust and inclusivity in digital financial ecosystem. Future research should explore comparative analyses across different regions and incorporate the perspectives of various stakeholders.
Building Tourist Loyalty Through Brand Elements: The Mediating Role of Destination Image in Demak Islamic Heritage Tourism Saifudin, Saifudin; Hartiningsih, Sepia; Rosalinda, Monika; Meisaroh, Putri
Li Falah: Jurnal Studi Ekonomi dan Bisnis Islam Vol. 1 No. 1 (2024): Special Edition: International Conference on Islamic Economics (ICOIE)
Publisher : Institut Agama Islam Negeri Kendari

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31332/lifalah.v1i1.10769

Abstract

This study investigates how destination brand elements influence tourist loyalty in Islamic heritage tourism, with a particular focus on the mediating role of destination image. Using Demak - a historically significant Islamic city in Indonesia - as a case study, the research examines the relationships between brand awareness, brand quality, destination image, and tourist loyalty. Data was collected through a quantitative survey of 112 tourists from seven Indonesian provinces representing diverse demographic backgrounds. The analysis employs structural equation modelling with Partial Least Square (SEM-PLS) to test the hypothesized relationships. The findings reveal that destination image and brand quality significantly influence tourist loyalty, while brand awareness shows an indirect effect through destination image mediation. Notably, the study demonstrates that destination image serves as a crucial mediating factor in translating both brand awareness and brand quality into tourist loyalty. These results contribute to our understanding of brand management in religious tourism contexts and provide practical implications for destination managers seeking to enhance tourist loyalty. The study suggests that building strong destination loyalty requires not only developing quality tourism products but also cultivating a positive destination image that resonates with religious and cultural values.
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.