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Economica: Jurnal Ekonomi Islam
Published by Universitas Islam Negeri Walisongo Semarang
ISSN : 20859325     EISSN : -     DOI : -
Core Subject : Economy, Education, Social,
Economics, Econometrics & Finance Social Sciences Other
EEconomica: Jurnal Ekonomi Islam is a scientific journal in the field of Islamic economics studies published twice a year by the Institute of Islamic Economic Research and Development (LP2EI), Faculty of Islamic Economics and Business UIN Walisongo Semarang. The editors receive scientific articles in the form of conceptual script or unpublished research results or other scientific publications related to Islamic Economics themes which cover Islamic Finance, Islamic Banking, Islamic Accounting, Islamic Marketing, also Behavioral Economics, Management, and Human Resources in Islamic perspective.
Arjuna Subject : -
Articles 7 Documents
 1 
Search results for , issue "Vol. 13 No. 1 (2022)" : 7 Documents clear
Islamic Finance-Growth Nexus: Evidence from Malaysia Kazak, Hasan; Okka, Osman
Economica: Jurnal Ekonomi Islam Vol. 13 No. 1 (2022)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2022.13.1.9517

Abstract

For many years, a plethora of theoretical and empirical studies have illustrated the relationship between financial activities and economic growth. The impact of the Islamic financial system and its instruments on economic growth has begun to emerge in recent years, parallel with its development. This study is designed to contribute to the development of Islamic finance as well as contribute to the literature by revealing the causal relationship between the development of Islamic finance and economic growth. To serve this purpose, an examination in the context of Malaysia, which has progressed more than other countries in terms of Islamic financial development, has been carried out. In exploring the causal relationship between the development of Islamic finance and economic growth in Malaysia, four variables representing Islamic banking, Sukuk market, and Islamic stock market on the gross domestic product (GDP) are discussed through data from the first quarter of 2006 to the first quarter of 2020. To analyze the relationship of the variables within the framework of the VAR model, the Johansen cointegration test, impulse-response functions, and variance decomposition was used. This study corroborates the literature on the effect of the financial sector development on economic growth by taking Islamic finance into account.
Mindring: Bridging Islamic Economic Principles and Business Practices in Indonesia’s Furniture Credit Industry Lailyah, Nurzahroh; Karatri, Rhealin Hening; Pattipeilhy, Shary Charlotte Henriette
Economica: Jurnal Ekonomi Islam Vol. 13 No. 1 (2022)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2022.13.1.11576

Abstract

This study examines strategies for utilizing halal tourism as a driver of sustainable economic development in Central Java, Indonesia, a pilot province for this niche market. With a focus on Muslim travelers seeking culturally and religiously appropriate experiences, the research integrates primary data from stakeholder interviews and secondary data from local tourism records. The findings highlight that while Central Java’s halal tourism sector shows considerable potential, it remains in its early stages, with significant opportunities for growth. Key strategies identified include categorizing tourist destinations into historical, nature, and cultural segments to better tailor marketing and improve visitor experiences. Additionally, creating regional tourist routes is suggested to enhance accessibility and navigation for tourists. The study emphasizes the importance of aligning halal tourism efforts with sustainable economic growth, particularly in the context of the G20 agenda. By linking halal tourism with broader economic strategies, the research provides actionable insights for policymakers and industry stakeholders to strengthen local business capacities and boost the economic resilience of the region. This approach positions halal tourism not only as a cultural offering but also as a pivotal component of Central Java’s long-term economic development strategy.
Mapping Zakat Potential at the City Level in Indonesia and Strategies for Optimizing Zakat Collection Zaenal, Muhammad Hasbi; Noor, Zainulbahar; Hartono, Nono; Choirin, Muhammad; Salihovic, Elnur
Economica: Jurnal Ekonomi Islam Vol. 13 No. 1 (2022)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2022.13.1.12323

Abstract

Zakat, a core pillar of Islam, serves as an essential tool for wealth redistribution and socio-economic welfare. Despite Indonesia being home to the largest Muslim population globally, research on its zakat potential remains underdeveloped. This study aims to map the zakat potential across 510 cities and districts in Indonesia and propose strategies for optimizing zakat collection. Using the Indicators for Zakat Potential Mapping (IPPZ) framework developed by PUSKAS BAZNAS in 2019, secondary data from various official sources were aggregated to estimate zakat potential by province and zakat object. The results show that DKI Jakarta has the highest potential, totaling IDR 64.5 trillion, followed by East Java and West Java. Zakat on agricultural products, livestock, cash, corporate zakat, and professional income are the key contributors to this potential, with regional variations. The study's novelty lies in its detailed local-level zakat mapping, offering fresh insights into regional zakat potential. Additionally, it presents innovative strategies for enhancing zakat collection through decentralized efforts at the village, sub-district, and city levels, contributing to more effective zakat management and socio-economic development in Indonesia.
Theory of Motivation in Business Management: An Elaboration of Western and Islamic Worldviews Hakim, Usmanul; Nidzom, Muhammad Faqih; Mas'ud, Fuad; Anggara, Fajar Surya Ari; Hidayatullah, Rakhmad Agung
Economica: Jurnal Ekonomi Islam Vol. 13 No. 1 (2022)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2022.13.1.13013

Abstract

This article examines and compares Western and Islamic perspectives on work motivation. Western theories, such as those by Maslow, McGregor, and Herzberg, emphasize secular factors and do not account for worship as a motivation, whereas Islam views worship as the primary driver for work. This suggests that Islamic work motivation stems from a different worldview compared to Western models. The study, a literature review using content and comparative analysis, adopts a philosophical approach with worldview theory as its framework. It consists of two stages: de-westernization, which reviews Western motivation theories, and integration, comparing these theories with Islamic concepts. The findings reveal that Western theories are rooted in secularism, humanism, materialism, and atheism, while Islamic work motivation is based on a non-secular worldview, with God at its center. These differing worldviews result in distinct motivational frameworks in Islam and the West. This study aims to enhance human capital management, particularly in diverse business organizations with heterogeneous workforces.
Prevention of Tabzir in Muslim Households Food Consumption Lubis, Deni; Rodoni, Ahmad; Amalia, Euis
Economica: Jurnal Ekonomi Islam Vol. 13 No. 1 (2022)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2022.13.1.13355

Abstract

Islam forbids tabzir (wasteful behavior) concerning food and all activities. However, Indonesia, which has a Muslim-majority population, is among the countries with the highest levels of food loss and waste globally. Food waste has a detrimental impact on the environment, economy, human health, and food security, hindering the achievement of the SDGs. This study aims to examine Muslim households' consumption patterns and identify food waste prevention strategies. A qualitative SWOT-ANP technique was applied using nine respondents, including experts, academics, and practitioners. The findings suggest that households, from an internal perspective, should prioritize sharing surplus food with those in need, as well as adopting thoughtful shopping and cooking habits, avoiding the tendency to over-purchase or over-prepare food. Three external strategies were identified: (1) campaigns by governments, agencies, and communities to raise awareness of food waste's negative effects; (2) education on proper food processing, storage, and management; (3) policies regulating food waste prevention and management. Ultimately, preventing food waste behavior requires the collaboration of all parties, including the government, religious authorities, communities, and households.
Harnessing the Potential of Halal Tourism: Strategies for Sustainable Economic Development in Central Java, Indonesia Aniqoh, Nur Aini Fitriya Ardiani; Tayob, Shaheed
Economica: Jurnal Ekonomi Islam Vol. 13 No. 1 (2022)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2022.13.1.13575

Abstract

This study explores strategies for leveraging halal tourism to promote sustainable economic development in Central Java, Indonesia. As a pilot province for halal tourism, Central Java offers a unique case within this growing market segment. Using qualitative methods, the research integrates primary data from stakeholder interviews with secondary data from local tourism records. The findings indicate that while the halal tourism sector in Central Java shows promise, there are significant opportunities for further development. Key strategies identified include segmenting tourist destinations into historical, nature, and cultural categories, and creating regional tourist routes to improve accessibility and enhance the visitor experience. This study stands out by linking halal tourism with sustainable economic growth, aligned with the G20 agenda, providing novel insights and practical recommendations for policymakers and industry stakeholders.
Empowering Higher Education Funding through Cash Waqf: A Case Study of IPB University Furqon, Ahmad; Budiman, Achmad Arief; Septiana, Yunita Dewi; Hassane, Narong; Fuadi, Nasrul Fahmi Zaki
Economica: Jurnal Ekonomi Islam Vol. 13 No. 1 (2022)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2022.13.1.20779

Abstract

This study explores the role of cash waqf as a financial source for universities, focusing on its management and impact at IPB. The institution overseeing cash waqf at IPB operates with principles of good governance, transparency, accountability, and professionalism. Fundraising is conducted both online and offline, with a consistent monthly auto-debit system from faculty and staff salaries. Additionally, IPB actively involves the community in waqf contributions. Investments of cash waqf funds occur in both financial and real sectors, including deposits and cash waqf-linked sukuk in collaboration with BWI. The allocation of cash waqf benefits is executed through direct and indirect mechanisms. Direct benefits include scholarships, community empowerment programs, infrastructure development, research funding, and social responsibility initiatives. Indirect benefits support character development, religious events, Covid-19 care programs, and educational assistance. Furthermore, IPB distributes waqf-generated resources through medical equipment donations, scholarship programs, water station installations, and burial support. These efforts highlight the strategic role of cash waqf in enhancing university sustainability, fostering social welfare, and strengthening educational institutions. The findings emphasize the significance of structured waqf management in optimizing its benefits and ensuring long-term impact within the academic and social domains.

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