cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
-
Contact Email
-
Phone
-
Journal Mail Official
-
Editorial Address
-
Location
Kota semarang,
Jawa tengah
INDONESIA
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 The editors receive scientific articles in the form of conceptual script or unpublished research results or other scientific publications related to Islamic Economics themes which cover Islamic Finance, Islamic Banking, Islamic Accounting, Islamic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 374 Documents
 34   35   36   37   38 
What Drives Corporate Sukuk Issuance? Firm-Specific and Macroeconomic Determinants in Indonesia's Sukuk Market Didin Purniawan; Arzal Syah; Muhammad Ikram S; Nurfadilah Nurfadilah; Suci Suci
Economica: Jurnal Ekonomi Islam Vol. 17 No. 1 (2026)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2026.17.1.30281

Abstract

There has been increasing adoption of sukuk for raising Shariah-compliant funds in Indonesia; however, there is a dearth of research concerning the role of macroeconomic factors and firm attributes in the determination of sukuk issuances by Indonesian corporations. This study explores the impact of macroeconomic and firm-specific factors in the determination of corporate sukuk issuance in Indonesia from 2018 to 2025. This study uses the Autoregressive Distributed Lag (ARDL) approach to investigate the impact of macroeconomic variables in the short and long run, as well as panel regression to analyse the impact of firm-specific variables. According to the ARDL findings, changes in the Bank Indonesia (BI) policy rate, inflation and Indonesia Sharia Stock Index (ISSI) in the short-run significantly impact sukuk issuance, but their long-run impact, along with exchange rate, does not have any statistically significant effect on the same. Firmspecific factors, such as sukuk maturity period, profitability (ROA), leverage and firm size, significantly influence the issuance decision. The higher the maturity period of sukuk, profitability and firm size, the more would be sukuk issuance; whereas higher leverage hinders sukuk issuance. This study contributes to enhancing the Islamic finance body of knowledge by analyzing macroeconomic and firm-level determinants together in a single model, and offers implications for improving the corporate sukuk market of Indonesia.
Zakat Distribution Strategy of Poverty Alleviation in the Perspective of SDGs: A Case Study in Indonesia and Malaysia Muhammad Saifullah; Nur Fatoni; Jamil Bin Bakri; Mohd Ashrof Zaki Bin Yaakob; Nur Aini Fitriya Ardiani Aniqoh; Mashilal Mashilal
Economica: Jurnal Ekonomi Islam Vol. 17 No. 1 (2026)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2026.17.1.30433

Abstract

Zakat is considered to be a critical Islamic social finance mechanism for helping alleviate poverty and achieving sustainable development goals in countries with Muslim populations. The purpose of this research is to examine the contribution of Zakat distribution towards realizing SDGs, particularly poverty reduction, in Indonesia and Malaysia using the qualitative research methodology that involves interviews of key players at BAZNAS (Indonesia), MAIS (Malaysia) and UiTM as well as document review of the organizations' institutional reports and scholarly literature. It has been found out that Zakat organizations work towards achieving SDG targets, namely eradication of poverty (SDG 1), reduced inequalities (SDG 10), and economic growth (SDG 8) through the implementation of different programs, which involve financial assistance, vocational training, and educational activities. For instance, BAZNAS in Indonesia uses technology in Zakat for entrepreneurship programs to target poor people and increase their economic independence. At the same time, MAIS in Malaysia focuses on education and healthcare to tackle structural problems related to socio-economic mobility. However, some limitations related to Zakat distribution include inefficiency in coordination, lack of transparency, and cultural resistance to modernization. The study suggests some recommendations for solving the aforementioned challenges, which include introduction of centralized.
Does Hospitality Drive Halal Tourism, or Vice Versa? Dynamic Panel Evidence from OIC and Non-OIC Destinations Zulfikar Hasan; Romzie Rosman; Sona Muhardi
Economica: Jurnal Ekonomi Islam Vol. 17 No. 1 (2026)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2026.17.1.31182

Abstract

This study examines the relationship among halal tourism, hospitality services, and Muslim-friendly travel experiences across the selected sample of OIC and non-OIC countries from 2010 to 2025, incorporating the latest observations for 2025. Using a quantitative design, the analysis applies Dynamic Panel Vector Autoregression to identify reciprocal causal relationships and System Generalized Method of Moments estimation to address endogeneity and test robustness based on first-differenced stationary variables. The PVAR results indicate bidirectional causality between halal tourism and both hospitality services and Muslim-friendly travel experiences. In addition, the System GMM estimates show that hospitality services significantly improve halal tourism (β = 0.274, p = 0.003), while Muslim-friendly travel experiences produce an even larger impact (β = 0.351, p < 0.001). The model also satisfies diagnostic tests, as the Hansen J-test confirms instrument validity (p = 0.290) and no second-order serial correlation is detected (p > 0.10). Taken together, these findings reinforce the tourism-led growth hypothesis and endogenous growth theory by demonstrating dynamic links among these sectors. Thus, OIC and non-OIC state authorities must defend Islamic-oriented hospitality, devise Muslim/halal-friendly tourism standards and branding within a framework of destination inclusivity in balance with real and sustainable halal certification.
Bounded Creativity under Dual Constraints: How Islamic Nonprofit Organisations Innovate Digitally within State Regulation and Sharia Governance Arnaz Agung Andrarasmara; Suharnomo Suharnomo; Andriyani Andriyani
Economica: Jurnal Ekonomi Islam Vol. 17 No. 1 (2026)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2026.17.1.32231

Abstract

This research studies how nonprofit organizations (NPOs) operating in the Islamic finance industry manage the use of information technology (IT) in light of restrictions posed by the state and Sharia boards. The study employed a qualitative case study methodology focused on BAZNAS from January 2023 to February 2025. During this time, the researcher conducted 28 interviews with BAZNAS management and staff, Sharia council members, MUI academics, and members of BAZNAS’s IT and digital media unit. The researcher used a reflexive thematic analysis approach to analyze the case. The study identifies three forms of bounded creativity: (a) compliant adaptation, (b) Sharia-sanctioned innovation, and (c) transformative recombination. The study also identifies and discusses supporting mechanisms, including relational capital and work integration. The single case study and exploratory research design limit the study’s generalizability. The study recognizes that the Indonesian context may not reflect situations elsewhere where similar infrastructure is lacking. The study is situated in Indonesia, where the state is expanding IT infrastructure to support the development of the digital economy. The study advocates integrating Sharia advisors into the innovation team and using structured/deliberate methods in the work integration process to facilitate greater stakeholder participation. Furthermore, the study advocates using narrative work in the innovation process. Lastly, the study offers a religiously integrated framework to analyze creativity in nonprofit organizations.

Page 38 of 38 | Total Record : 374

 34   35   36   37   38 

Filter by Year

2012 2026


Reset
Filter By Issues
All Issue Vol. 17 No. 1 (2026) Vol. 16 No. 2 (2025) Vol. 16 No. 1 (2025) Vol. 15 No. 2 (2024) Vol. 15 No. 1 (2024) Vol. 14 No. 2 (2023) Vol 14, No 1 (2023) Vol. 14 No. 1 (2023) Vol. 13 No. 2 (2022) Vol. 13 No. 1 (2022) Vol 12, No 2 (2021) Vol. 12 No. 2 (2021) Vol. 12 No. 1 (2021) Vol 12, No 1 (2021) Vol 11, No 2 (2020) Vol 11, No 1 (2020) Vol 10, No 2 (2019) Vol 10, No 1 (2019) Vol 9, No 2 (2018) Vol 9, No 1 (2018) Vol 8, No 2 (2017) Vol 8, No 2 (2017) Vol 8, No 1 (2017) Vol 8, No 1 (2017) Vol 7, No 2 (2016) Vol 7, No 2 (2016) Vol 7, No 1 (2016) Vol 7, No 1 (2016) Vol 6, No 2 (2015) Vol 6, No 2 (2015) Vol 6, No 1 (2015) Vol 6, No 1 (2015) Vol 5, No 2 (2014) Vol 5, No 2 (2014) Vol 5, No 1 (2014) Vol 5, No 1 (2014) Vol 4, No 2 (2013) Vol 4, No 2 (2013) Vol 4, No 1 (2013) Vol 4, No 1 (2013) Vol. 2 No. 2 (2012) Vol 2, No 2 (2012) More Issue