cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
Susilo Nur Aji Cokro Darsono
Contact Email
susilonuraji@umy.ac.id
Phone
+628565022013
Journal Mail Official
ijief@umy.ac.id
Editorial Address
-
Location
Kab. bantul,
Daerah istimewa yogyakarta
INDONESIA
International Journal of Islamic Economics and Finance (IJIEF)
Published by Universitas Muhammadiyah Yogyakarta
ISSN : 26223562     EISSN : 26224372     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
International Journal of Islamic Islamic Economics and Finance (IJIEF) is a journal which is bianually issued (January and July) and initiated by International Program for Islamic Economics and Finance (IPIEF). The publisher of this journal is Universitas Muhammadiyah Yogyakarta. The publication of this journal though tighly-peer reviewed process using Open Journal System (OJS). For the publication, IJIEF only accept research article and publish it in electronic (PDF) version. The electronic publication can be accessed openly on the website http://journal.umy.ac.id/index.php/ijief/index. IJIEF commit to embrace the best research article in islamic economics and finance fields from the whole world and publish it consistently.
Arjuna Subject : -
Articles 192 Documents
 16   17   18   19   20 
The Socio-Economic Contribution of Muʾlft qulub and Fi sabilillah Zakat: Contemporary Applications in Sri Lanka Jiffry, Arafath Careem
International Journal of Islamic Economics and Finance (IJIEF) Vol. 7 No. 2 (2024): IJIEF Vol 7 (2), July 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/ijief.v7i2.17966

Abstract

The zakat obligation mandates Muslims with surplus wealth to donate to specific beneficiaries. In Sri Lankan zakat jurisprudence, Muʾlft qulub is narrowly interpreted to include only recent converts to Islam, while Fi sabilillah is limited to warriors fighting for Islam. This interpretation follows the Shafiʿi school of thought, which advises against distributing zakat to non-Muslims or to righteous individuals broadly. This restrictive approach undermines the broader objectives of zakat, such as promoting social justice, reducing poverty, enhancing welfare, ensuring economic stability, and fostering inter- and intra-community relationships. The paper employs a qualitative content analysis methodology alongside a Muslim minority fiqh approach to connect Islamic principles with the socio-economic context of the Sri Lankan Muslim minority. It argues that the classical jurisprudential interpretation is inadequate for addressing the unique challenges of the modern Sri Lankan socio-economic environment. By applying a fiqh of the Muslim minority approach, the paper suggests a moderate expansion of the Muʾlft qulub and Fi sabilillah categories. This expansion would help achieve the broader socio-economic goals of zakat and empower the Muslim community in Sri Lanka.
Investigating the Determinants of Islamic Banks’ Financing Quality: A Regional Approach Fakhrunnas, Faaza; Anto, M. B. Hendrie
International Journal of Islamic Economics and Finance (IJIEF) Vol. 7 No. 1 (2024): IJIEF Vol 7 (1), January 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/ijief.v7i1.18532

Abstract

The quality of Islamic banks’ financing is pivotal to determine the banking performance. When an Islamic bank has good quality of financing activities, the bank can generate more financial return due to less exposure to bad financing. This study aims to investigate the determinants of Islamic banks’ financing quality by considering the regional approach. The study utilized non-performing financing as the proxy of bank’s quality financing. The dependent variables consisted of inflation, financing growth, financing to deposit ratio, and asset. In addition, dummy variables were used to identify the period of the COVID-19 pandemic and the regional effect in Java and other regions outside Java. By adopting panel data analysis, this study observed 33 provinces in Indonesia from January 2004 to October 2021. The findings of the study revealed that the determinant of Islamic banks’ financing quality in consumption scheme was different from equity and investment schemes. Moreover, only Islamic banks’ financing quality in consumption scheme had exposure to inflation risk. Regional influence was present in all sorts of financing schemes at the time the COVID-19 pandemic significantly impacted financing quality in investment and consumption schemes. This study suggests that Islamic banking practitioners and financial authorities should understand the different behavior of each financing scheme in order to maintain Islamic banks’ financing quality.
SMEs, Employment Generation, and Islamic Finance Azam, Md Siddique E; Abdullah, Moha Asri
International Journal of Islamic Economics and Finance (IJIEF) Vol. 7 No. 1 (2024): IJIEF Vol 7 (1), January 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/ijief.v7i1.18632

Abstract

Almost wherever the economy is growing, small and medium-sized businesses (SMEs) are the ones doing the heavy lifting. Who are these SMEs? How does the definition of SME differ across different countries? What are the contributions of SMEs in terms of employment and GDP? How can Islamic finance play a significant role in scaling up the business performance of SMEs and, subsequently, their contribution to employment and the economy? What are the issues and challenges faced by SMEs and Islamic finance that would resolve into greater employment generation? Addressing all these questions, this paper provides an overview of SMEs globally and their definitions in different countries as well as in Malaysia. Simultaneously, some issues and challenges are discussed. Furthermore, the paper presents Islamic finance as a better solution to the financial accessibility of SMEs in future economic activities. The paper thus attempts to illustrate a model or framework that would work well for SMEs to generate productive employment opportunities in their respective economies. To achieve the objectives of this paper, secondary data was used to present all the statistical figures and tables. For any generalizations, recommendations, or conclusions, an extensive review of literature from various sources was conducted.
Exploring Reluctance in Halal Food Awareness among Millennials: A Modified TPB Approach Razak, Syaparuddin
International Journal of Islamic Economics and Finance (IJIEF) Vol. 7 No. 2 (2024): IJIEF Vol 7 (2), July 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/ijief.v7i2.19508

Abstract

Integrating the Theory of Planned Behavior (TPB), this study adapts and augments the model with the concept of lacking halal awareness, establishing a robust theoretical framework. The investigation explores the impact of factors like lack of halal awareness, negative attitude, low subjective norms, and perceived low behavioral control on the formation of weak intentions. Furthermore, the study delves into the mediating role of weak intention, investigating its influence on the relationship between the proposed adoption factors and the reluctance among millennials to purchase halal food products. The analysis involves 203 responses gathered through an online survey. The results reveal nuanced insights. While the lack of halal awareness exerts no significant effect on weak intention, negative attitude, low subjective norms, and perceived low behavioral control significantly impact its formation. Interestingly, weak intention is not observed as a mediator between the lack of halal awareness and the reluctance to purchase halal food products among millennials. However, it fully mediates the link between negative attitude, low subjective norms, perceived low behavioral control, and the reluctance to purchase such products. These findings hold implications for consumers, producers of halal food products, and the Indonesian Government. By unraveling the complexities of halal food awareness reluctance, the study contributes to valuable insights for informed decision-making, strategic planning, and effective engagement within the halal market.
Islamic Banking and Financial Development: A Cross-Country Analysis Baita, Abubakar Jamilu; Umar, Umar Habibu; Shawa, Jamilu Sani
International Journal of Islamic Economics and Finance (IJIEF) Vol. 7 No. 2 (2024): IJIEF Vol 7 (2), July 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/ijief.v7i2.19579

Abstract

Islamic banking has become an integral part of the modern financial system. Therefore, this study examined the effect of Islamic banking on financial development in countries with a matured practice of Islamic finance. These countries include Iran, Saudi Arabia, Malaysia, UAE, Kuwait, Qatar, Turkey, Bangladesh and Indonesia. Besides, we collected data on Islamic banks' assets and financial development indicators over nine (9) years between 2012 and 2020. The study applied heteroscedastic panel corrected standard errors (HPCSE) regression model to estimate results. The findings indicated that Islamic banks contribute significantly to improving financial development after controlling for banking characteristics (credit risk and capital adequacy ratio) and macroeconomic factors (real per capita GDP, inflation and trade openness). Due to data limitations, this study covers only nine countries over nine years (2012 -2020). The findings provided insight into the contribution of Islamic banks to financial development, which can motivate regulatory authorities and policymakers to improve the practice of Islamic banking and finance through the provisions of enabling and motivational regulations and policies. This study provided a novel contribution as this issue is underresearched. Most existing studies concentrate on the macroeconomic and institutional determinants of financial development, thus relegating the role of Islamic banking in spurring financial development.
Safeguarding Stability and Enhancing Profitability: The Case of Islamic Banking in Indonesia Mubarok, Faizul; Wibowo, Martino; Latif, Sahraman D Hadji
International Journal of Islamic Economics and Finance (IJIEF) Vol. 7 No. 1 (2024): IJIEF Vol 7 (1), January 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/ijief.v7i1.20537

Abstract

This study examines the impact of crises, non-performing financing variables, exchange rates, inflation, and interest rates on Islamic banks' short-term and long-term profitability in Indonesia. Profitability (ROA) fluctuations are also assessed in consideration of exogenous shocks. This analysis uses the Vector Error Correction Model (VECM) to examine monthly data from 2007 to 2023. The results suggest that non-performing financing (NPF), exchange rates (BIRT), and inflation (IFLS) have a substantial impact on the long term. While the crisis variable exhibits a relatively less substantial influence, interest rates reveal distinct short-term and long-term impacts. The Impulse Response Function data indicate that NPF, KURS, and IFLS have a negligible effect on ROA. NPF primarily influences ROA variation, as determined by the Forecast Error Variance Decomposition; KURS follows suit. Islamic Banks' management must diligently oversee non-performing loans, exchange rates, and inflation and astutely devise interest rate strategies. The factors impacting the profitability of Islamic banks in Indonesia are thoroughly examined in this study.
What Drives Millennials' and Gen Z's Intentions to Participate in Cash Waqf Linked Sukuk? Perspectives from Islamic Altruism Reyhanmulky, Muhammad; Supriani, Indri; Al-Ghifary, Muhammad Syauqy
International Journal of Islamic Economics and Finance (IJIEF) Vol. 7 No. 2 (2024): IJIEF Vol 7 (2), July 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/ijief.v7i2.20703

Abstract

Waqf, in its conceptual essence, has the potential to enhance social and economic mobility, thus alleviating poverty. Nevertheless, the effective collection of waqf faces numerous challenges, particularly in adapting to the needs of Millennials and Generation Z. The objective of this research attempt is to examine how Islamic altruism moderates the impact of crucial determinants of cash waqf linked sukuk (CWLS) on fund collection. By employing the Structural Equation Model-Partial Least Squares (SEM-PLS) method, data were collected from 283 respondents belonging to the Indonesian millennial and Gen Z demographics via a self-structured questionnaire. The results emphasize that Islamic altruism does not play a substantial role in moderating the determinants of CWLS among the economic variables associated with Islam. Regarding domain-based economic decisions, individual contributions to CWLS are not reliably moderated by Islamic altruism. Despite adhering to the waqf principle, Islamic altruism, which entails the voluntary provision of assistance to others without personal gain, does not exert any influence on economic motivations for participating in CWLS. Furthermore, this research indicates that income level, religiosity, sharia financial literacy, and a strong inclination towards CWLS significantly influence the intention of Millennials and Generation Z to participate. Indonesia, being a Muslim-majority nation, could potentially witness significant progress in the field of financial waqf, specifically in the area of CWLS. The research's practical implications offer significant insights and direction for stakeholders, aiding in the formulation of efficacious policies and initiatives that promote CWLS fundraising among Millennials and Generation Z. This is novel research, and from the perspective of Islamic altruism theory, there has been a dearth of studies examining the critical factors that determine individual contribution in CWLS.
Examining Cash Waqf from the Perspectives of Malaysian Actual Donors Amin, Hanudin; Jam, Nor Syakina; Ring, Patrick J; Suhartanto, Dwi; Mai, Muhamad Umar; Razak, Dzuljastri Abdul; Shaikh, Imran Mehboob
International Journal of Islamic Economics and Finance (IJIEF) Vol. 7 No. 1 (2024): IJIEF Vol 7 (1), January 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/ijief.v7i1.21334

Abstract

This study examined the cash waqf giving behaviour in Malaysia covering Selangor, Perak, Negeri Sembilan and Pahang. The theory of planned behaviour (TPB) was employed as a point of departure to observe the factors influencing the cash waqf behaviours involving 777. SPSS 27 was then utilised to assess and consider the data to test hypotheses and draw statistical conclusions. The TPB’s factors were instrumental in shaping the expansion of cash waqf giving in Malaysia. The added variable, Islamic altruism was also statistically influential and played an important role in determining the behaviour formation.  Besides, in the post hoc analyses, we discovered a mediating role of attitude for the tested and examined independent variables involved. The usefulness of the results obtained was confined to the theory used as well as the geographical areas chosen. The results obtained can be learned by Malaysian waqf institutions to further strengthen the waqf collections by optimising the significant variables found in this study. This study is the first to check the effects of the TPB's factors in the context of actual behaviour, which adds more knowledge to the existing waqf literature available in the world.
Predictors of Islamic Financial Inclusion in the Northwest Nigeria: A Preliminary Cross-Sectional Investigation Aliyu, Shehu Usman Rano; Danlami, Abubakar Hamid; Shehu, Farida Mohammed
International Journal of Islamic Economics and Finance (IJIEF) Vol. 7 No. 2 (2024): IJIEF Vol 7 (2), July 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/ijief.v7i2.21386

Abstract

Financial inclusion is seen widely as a tool for attaining macroeconomic objectives of economic growth, poverty reduction, economic prosperity, and the like. The phenomenon of Islamic financial inclusion is a decade old in Nigeria. As prelude (pilot) to broader study, this paper conducts a preliminary assessment of predictors of Islamic financial inclusion in the Northwest zone which is composed of seven (7) states in Nigeria. Leveraging on expositions in both the theoretical and empirical literature on dimensions of financial inclusion; access, use, quality, and barriers, this study constructs three logistic regression models based on access to financing facilities, access through automated teller machine (ATM), and access using unstructured supplementary service data (USSD) banking code. Results show that while the access to financing logistic model outperforms the other two models, household’s location and years of business (YOB) experience were statistically significant across all three models implying that those in the urban areas and with more years of business experience tend to be more financially included than their counterparts in the rural areas. In line with intuition, age of the household and YOB experience are averse to the use of ATM card and USSD code for banking transactions. The paper recommends improved infrastructure provision and increased reach to rural areas through innovative banking service delivery to enhance financial inclusion in the zone. This study is among earliest attempts that assesses the predictors of Islamic financial inclusion in the Northwest, Nigeria.
Why do Indonesian Muslims Donate through Crowdfunding Platforms? An Integration of UTAUT, Transparency, and Trust Hamidah, Novita Nur; Aligarh, Frank; Setiawan, Ade; Usnan, Usnan; Hilmi, Faqih
International Journal of Islamic Economics and Finance (IJIEF) Vol. 7 No. 2 (2024): IJIEF Vol 7 (2), July 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/ijief.v7i2.22556

Abstract

Indonesia's recognition as the most charitable country in the world makes research on donations through crowdfunding platforms an intriguing subject for study. The objective of this study is to analyze the impact of technology and institutions factors on people's intentions to donate through the crowdfunding platform. This study employs Partial Least Squares Structural Equation Modeling (PLS-SEM) with a sample size of 155 questionnaires. The results indicate that components of Unified Theory of Acceptance and Use of Technology (UTAUT) (performance expectancy, effort expectancy, facilitating conditions, and social influence) and institutional factors (trust and transparency) have a significant positive influence on people's intentions to donate through the platform kitabisa.com. These findings imply the importance of developing new technologies for philanthropic organizations and increasing public intention to donate, especially through donation crowdfunding. This research also contributes theoretically to the development of the UTAUT model by integrating trust and transparency.

Page 18 of 20 | Total Record : 192

 16   17   18   19   20 

Filter by Year

2018 2025


Reset
Filter By Issues
All Issue Vol. 8 No. 2 (2025): IJIEF Vol 8 (2), July 2025 Vol. 8 No. 1 (2025): IJIEF Vol 8 (1), January 2025 Vol. 7 No. 2 (2024): IJIEF Vol 7 (2), July 2024 Vol 7, No 2 (2024): IJIEF Vol 7 (2), July 2024 Vol. 7 No. 1 (2024): IJIEF Vol 7 (1), January 2024 Vol 7, No 1 (2024): IJIEF Vol 7 (1), January 2024 Vol 6, No 2 (2023): IJIEF Vol 6 (2), July 2023 Vol. 6 No. 1 (2023): IJIEF Vol 6 (1), January 2023 Vol 6, No 1 (2023): IJIEF Vol 6 (1), January 2023 Vol 5, No 2 (2022): IJIEF Vol 5 (2), July 2022 Vol 5, No 1 (2022): IJIEF Vol 5 (1), January 2022 Vol 4, No 2 (2021): IJIEF Vol 4 (2), July 2021 Vol 4, No 1 (2021): IJIEF Vol 4 (1), January 2021 Vol 4 (2021): IJIEF Vol 4 (SI), Special Issue: Islamic Banking Vol 3, No 2 (2020): IJIEF Vol 3 (2), July 2020 Vol 3, No 1 (2020): IJIEF Vol 3 (1), January 2020 Vol 3 (2020): IJIEF Vol 3(SI), Special Issue: Islamic Social Finance and Ethics Vol 2, No 1 (2019): IJIEF Vol 2 (1), July 2019 Vol 1, No 2 (2019): IJIEF Vol 1 (2), January 2019 Vol 1, No 1 (2018): IJIEF Vol 1 (1), July 2018 Vol 1, No 1 (2018): IJIEF Vol 1 (1), July 2018 More Issue