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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 The editors receive scientific articles in the form of conceptual script or unpublished research results or other scientific publications related to Islamic Economics themes which cover Islamic Finance, Islamic Banking, Islamic Accounting, Islamic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 5 Documents
 1 
Search results for , issue "Vol. 16 No. 2 (2025)" : 5 Documents clear
Beyond Religiosity: How Social Capital Drives Institutional Zakat Payment Preferences in Indonesia - A Behavioural Economics Analysis Djayusman, Royyan Ramdhani; Ibnu, Adi Rahmannur; Lahuri, Setiawan bin; Jalili, Ismail
Economica: Jurnal Ekonomi Islam Vol. 16 No. 2 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2025.16.2.26477

Abstract

Notwithstanding the fact that Indonesia has the world’s largest Muslim population, zakat collection through formal institutions is substantially below expectations. In light of this shortfall, this study investigates the interplay between religiosity and social capital on individual preferences for zakat payments and the proportion allocated to official zakat agencies, with the overarching aim of contextualizing the fiqh zakat framework in contemporary Indonesia. Drawing upon the data from a nationwide survey of 794 respondents, the empirical analysis employs Linear Probability Model (LPM) and Poisson Pseudo Maximum Likelihood (PPML) regression techniques to examine the determinants of zakat payment behaviour. Findings reveal that social capital significantly increases both the likelihood of choosing zakat institutions and the portion of zakat paid through them. In contrast, religiosity shows a weaker direct effect on institutional zakat payment. Taken together, these results highlight the pivotal role of social networks and trust in enhancing institutional zakat collection. Therefore, the study advocates for a strategic reform of fiqh zakat practices that integrate social capital strategies to reinforce religiosity and improve zakat compliance through formal channels.
From Values to Visits: Exploring the Economic Development Potential of Halal Tourism Through Islamic Destination Attributes Nabila, Rifda; Bawono, Anton; Iffah, Zatul; Touray, Sally
Economica: Jurnal Ekonomi Islam Vol. 16 No. 2 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2025.16.2.28154

Abstract

There is a growing acknowledgment of Halal tourism as a strategic sector for economic development in Muslim-majority countries. This research investigates how Islamic destination features, including worship amenities, halal compliance, and overall Islamic values, influence travelers’ choices to halal destinations in Indonesia, moderated by tourism image. Using a quantitative method, this study analyzed data with structural equation modeling in SmartPLS 3, based on responses from 1,000 tourists visiting Indonesia’s ten leading halal destinations. The results indicate that all three Islamic attributes significantly influence the positions of a tourist attraction, while only worship facilities directly affect visiting decisions. Destination image itself plays a mediating role in shaping tourist behavior. These results underline the importance of integrating Islamic values into tourism development strategies to enhance destination competitiveness. The study provides practical insights for government officials, including the standardization of halal certification in tourism facilities, the provision of adequate worship infrastructures at leading destinations, and the integration of halal tourism into national and digital marketing strategies. These analytical procedures enhance Indonesia’s role as a worldwide frontrunner in halal tourism. The results further emphasize halal tourism’s capacity to drive continuous local economic growth grounded in cultural and religious values.
Nexus Islamic Finance Development and Income Inequality in Indonesia: Testing Kuznets Curve Hypothesis Shofi Dana, Badara; Himmati, Risdiana; Salim, Agus
Economica: Jurnal Ekonomi Islam Vol. 16 No. 2 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2025.16.2.26318

Abstract

This study analyzes the applicability of the Kuznets curve hypothesis within the specific context of Islamic finance development in Indonesia and its resultant implications for income inequality. The novelty of this research lies in integrating Islamic finance, specifically from the banking sector, with Islamic social finance instruments, namely zakat, infaq, and sadaqah. Crucially, it interrogates whether the Kuznets curve hypothesis remains pertinent within this expanded framework. Utilizing secondary panel data encompassing 25 Indonesian provinces over the 2019–2020 period, the study employs panel data regression techniques, specifically common effect, fixed effect, and random effect models, which were systematically selected via the Chow, Hausman, and Lagrange multiplier tests. The empirical findings demonstrate unequivocally that the development of Islamic finance, spanning both the financial and social sectors, significantly influences income inequality. This substantiates the Kuznets curve hypothesis: inequality initially escalates but subsequently diminishes as development matures. Furthermore, the results underscore the role of the Human Development Index (HDI) and the prevalence of mosques in mitigating inequality, while population density exhibits a positive association with inequality. This study conclusively argues that strengthening financial inclusion and professionalizing the management of Islamic social finance constitute strategic approaches for mitigating income inequality in Indonesia.
Transforming Mosque Sustainability: Leveraging Islamic Economics and Finance for Community Empowerment Hidayat, Rahmat; Rodoni, Ahmad; Sukardi, Budi; Fachrurazi; Asmanto, Eko; Ismail, Nurizal
Economica: Jurnal Ekonomi Islam Vol. 16 No. 2 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2025.16.2.28314

Abstract

This research focuses on the shift in mosque empowerment models, particularly in terms of financial sustainability, rooted in Islamic economics and finance. By exploring the correlation of Islamic economics (Y), Islamic finance (Y), and mosque sustainability (Z), this research can utilize the mixed method approach of quantitative analysis to survey 200 congregation members, conduct in-depth interviews with five key informants, and employ PLS-SEM. This is the first mosque sustainability performance study to provide a quantitative analysis, along with PLS-SEM, and to correlate finance and economics in the Islamic context. Findings indicate that Islamic finance intermediates the influence of Islamic economics on mosque sustainability (indirect β=0.527; p<0.001). Islamic economics is explained to have a considerable direct influence on Islamic finance (β=0.782; p<0.001) as well as Islamic finance being the greatest contributor to mosque sustainability (β=0.673; p<0.001). This research affirms the four-dimensional sustainability pillar and the anticipation of mosque management to respond to the SDGs. This provided strong financial governance, partnership with Islamic banking, trained financial governance, and Islamic financial literacy courses.
Social Assistance Policies Amid the 2024 Presidential Election Contestation: An Islamic Political Economy Perspective Suhirman, Suhirman; Mashilal, Mashilal; Sahala, Fika
Economica: Jurnal Ekonomi Islam Vol. 16 No. 2 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2025.16.2.28024

Abstract

This research examines the dual function of social aid in Indonesia as a social safety net and as a political tool for the upcoming 2024 Presidential Election. This research used Fairclough's model of critical discourse analysis through the policymaking process of social assistance programmes, including articles in the online media, social aid (PKH, BPNT, KIP, and others), and the dynamics of public opinion from January to June 2024. The analysis of the data showed that in election years, the social aid budgets are increased. The social assistance is therefore politically motivated. However, these programmes help to some extent reduce poverty and improve access to education and health. Because of the political motivation, the assistance programmes lose their main social purpose. From the perspective of the Islamic political economy, the social assistance programmes should be based on maṣlaḥah al-‘āmmah. The underlying principle is the equitable social welfare of the people and the politically unmotivated equitable social wealth. This research demands that these assistance programmes and services be legally and politically unmotivated, and social welfare programmes be legally focused on the redistribution and social justice of the people, be oriented to the long-term social welfare of politically and legally unmotivated social welfare programmes.

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