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 bogor,
Jawa barat
INDONESIA
Al-Muzara'ah
Published by Institut Pertanian Bogor
ISSN : 23376333     EISSN : 26157659     DOI : 10.29244/jam
Core Subject : Economy, Education,
Economics, Econometrics & Finance Other
Al-Muzara'ah –Journal of Islamic Economics and Finance, is a collaborative journal of the Department of Islamic Economics, Bogor Agricultural University with the Indonesian Association of Islamic Economist (IAEI). The aim of the journal is to communicate and as the media of academic socialization by providing a platform for publication of research in the fields of Islamic economics, finance, microfinance, banking, insurance, halal industry, social finance and poverty alleviation, law and sharia issues in economics and finance, capital market, and other topics related to this area.
Arjuna Subject : -
Articles 183 Documents
 13   14   15   16   17 
Happiness in Islam and Influencing Factors (SLR Approach) Ranti Wiliasih; Hermanto Siregar; Tony Irawan; Irfan Syauqi Beik
AL-MUZARA'AH Vol. 12 No. 1 (2024): AL-MUZARA'AH (June 2024)
Publisher : Department of Islamic Economics, IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jam.12.1.137-157

Abstract

Islam is a religion that commands humans to pursue happiness both here and hereafter. Previous research states that many factors can influence happiness. However, these factors emphasize worldly happiness which is temporary, while the goal that humans want to achieve is not only happiness in this world but true happiness in the hereafter. This study explores the factors that influence individual happiness and examines the impact of faith and other factors on happiness. This research uses a systematic literature review method, precisely the Prisma method and has identified 3540 research results from Google Scholar, and screened into 1265 documents, then into 99 and selected 87 qualifying studies. The results of the analysis of this number of documents found that happiness in Islam is divided into temporary and true happiness, here and hereafter. Happiness is influenced by material factors, and non-material factors such as faith and other religiosity behaviors. Happiness derived from material factors is temporary, while religiosity factors such as faith, the practice of Sufism and religious behavior bring a sense of closeness to God, and provide tranquility and peace, which is an indication of true happiness.
The Nexus Between Income Inequality and Environmental Degradation in ASEAN-6 Countries During 1992 – 2015 from Islamic Perspective Rininta Nurrachmi; Jarita Duasa; Muhammad Irwan Arifin; Rafia Afroz
AL-MUZARA'AH Vol. 12 No. 1 (2024): AL-MUZARA'AH (June 2024)
Publisher : Department of Islamic Economics, IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jam.12.1.159-175

Abstract

The purpose of the study is to examine the relationship between income inequality and environmental degradation in ASEAN-6 countries namely Indonesia, Malaysia, the Philippines, Thailand, Singapore, and Vietnam. It also provide analysis from the Islamic perspective based on result of the econometric regression. The study utilizes annual panel data from1992 until 2015 where the region suffered from high income distribution and environmental degradation. The analytical tool used in the study is Bias-Corrected Least Squared Dummy Variable (LSDVC), which is sufficient for small panel data. The methodological approach leads to two main findings. First, income inequality, measured by Gini coefficient, is contributing to environmental degradation (proxied by CO₂ emission and Natural Resources Depletion) in the short- and long-run term. Other explanatory variables namely GDP per capita and energy consumption, also impact significantly on environmental degradation level in the short- and long-term. From the findings, it is recommended that greater investment is required in addressing high level of income inequality and environmental issues. Instruments in Islam such as zakat and waqf provide solution to overcome issue of high income gap and environmental degradation in ASEAN-6 countries, moreover majority of Muslim population located in ASEAN countries. Hence, collaboration should be enhanced among the ASEAN-6 countries where wealth distribution, technology and knowledge sharing from high income countries to low and middle-income in ASEAN countries to mitigate the negative impact of high income inequality and environmental issue in the region.
The Role of Technology Readiness in Islamic Financial Technology Acceptance Among MSMEs: An Empirical Integration Analysis TPB and TAM Framework Muhammad Hanif Ibrahim; Fauziyah Fitri; Rasikh Saifan Ahmad
AL-MUZARA'AH Vol. 12 No. 1 (2024): AL-MUZARA'AH (June 2024)
Publisher : Department of Islamic Economics, IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jam.12.1.177-194

Abstract

Indonesia with the largest Muslim population in the world is expected to become the world's leading Islamic finance center. With a large Islamic economic base, Islamic FinTech has an important role in economic expansion in Indonesia. MSMEs as an instrument of economic growth in Indonesia, are expected to maximize the presence of Islamic financial technology for efficient and effective payments, expand market access, and facilitate access to finance and capital. On the other hand, the technology readiness of MSMEs is an important factor that needs to be investigated to see the acceptance of MSMEs towards the use of Islamic financial technology in Indonesia. This study analyzes the factors that influence MSMEs' intention to use Islamic FinTech services. This study involved 140 MSMEs from several regions in Indonesia as respondents. The analysis used partial least square structural equation modeling (SEM-PLS). By the objectives, four variables from TPB and TAM influence the intention to use Islamic financial technology, namely Islamic religiosity, ease of use, usefulness, and technology readiness. Finally, technology readiness is strongly correlated to the use of Islamic financial technology. The results of this study provide a comprehensive perspective for policymakers to improve the quality of applications so that it will also increase the intention of MSMEs to adopt Islamic FinTech. The results of this study can also be input, especially for the Financial Services Authority (OJK) to be able to promote Islamic FinTech and coordinate with Islamic FinTech to be able to provide the best service to users.
Revisiting Mudharabah Investment Account and Proposal for Improvement – Case of Indonesia Wibisono, Afrid; Siregar, Hermanto; Ismal, Rifki; Ratnawati, Nirdukita; Ismail, Ahmad Faizal
AL-MUZARA'AH Vol. 12 No. 2 (2024): AL-MUZARA'AH (December 2024)
Publisher : Department of Islamic Economics, IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jam.12.2.195-216

Abstract

The rapid growth of Islamic banks is accompanied by various innovations in Islamic financial transactions which generally seem to follow the product diversity and risk profile of conventional banks. This innovation is also carried out in the application of mudharabah particularly in the Profit-Sharing Investment Account (PSIA). Mudharabah, whose original form is equity, has been adapted by Islamic banks by treating it just like a normal deposit whith the exception that the profit is calcualted based on a ratio, resulting difficulties to distinguish it from conventional bank deposits which are debt in nature. This research aims to evaluate the implementation of mudharabah in PSIA in Indonesia, by conducting field survey and interviews with parties whom responsible for managing it and comparing it with Sharia Standard issued by Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and fatwas of National Sharia Council of Indonesian Ulama Council (DSN-MUI). The research revealed that although PSIA return is calculated using profit distribution ratio (as mudharabah core feature), it lacks other main features of mudharabah, be it in its nature or profit or loss determination method. To rectify this deviation, this research proposes an operational model of mudharabah termed “the Quasi Equity Model", which meets the main features of mudharabah as envisaged by AAOIFI and DSN-MUI. This study contributes to the field of Islamic finance by not only identifying existing discrepancies but also proposing a practical model for addressing them, thus aligning it back to sharia principles within Islamic banking practices.
Improving the Quality of Life of People with Disability through Zakat: A Zakat Utilization Model Canvas Perspective Sari, Aisha Putrina; Anggraini, Dita; Junari, Ulfah Lathifah
AL-MUZARA'AH Vol. 12 No. 2 (2024): AL-MUZARA'AH (December 2024)
Publisher : Department of Islamic Economics, IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jam.12.2.217-231

Abstract

Islam upholds the principle of equality for all individuals, regardless of their disability status. The sole distinction between people lies in their level of piety. However, in reality, people with disabilities (PWD) continue to face various forms of discrimination, ranging from education and employment to societal stigma, hindering their ability to improve their quality of life. Furthermore, the exclusion of PWD from the economy can result in a national GDP loss of up to 7% per year. Zakat optimization presents a potential solution to enhance the lives of PWD. In this context, PWD can be classified under the asnaf of fakir (the poor) and/or miskin (the destitute). Their categorization as fakir stems from their limitations in meeting basic needs, while their classification as miskin is supported by data and research indicating a strong correlation between disability and poverty. Unfortunately, the attention given to PWD within the zakat system remains relatively low. Therefore, employing a qualitative research methodology, this paper delves into the distribution of zakat in the disability sector and proposes an integrated distribution model for PWD. This model entails grouping PWD based on their age and work capabilities before providing appropriate assistance. Additionally, utilizing the Zakat Utilization Model Canvas (ZUMC), this paper explores the ideal planning framework for disability programs that can be implemented by zakat institutions. ZUMC adopts a holistic approach, considering not only the commercial aspects of programs but also the empowerment of mustahik (zakat recipients) in each element. This paper aims to contribute to the still-limited research on zakat and disability in Indonesia.
Evaluating Islamic Bank Efficiency and Productivity in ASEAN: Does Technological Advancement Play a Role? Riani, Ririn; Ikhwan, Ihsanul; Rusydiana, Aam Slamet
AL-MUZARA'AH Vol. 12 No. 2 (2024): AL-MUZARA'AH (December 2024)
Publisher : Department of Islamic Economics, IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jam.12.2.233-255

Abstract

Amid the economic crises triggered by the COVID-19 pandemic, sustainable financial systems have become essential for resilience and recovery, particularly in ASEAN countries where Islamic banks play a crucial role in economic stability. The purpose of this study is to evaluate the performances of the Islamic Bank in the ASEAN countries in terms of both efficiency and productivity. This study provides insights into 33 Islamic banks in Indonesia, Malaysia, Brunei Darussalam, Thailand, and the Philippines from 2015 to 2022. This study employs the Data Envelopment Analysis (DEA) technique and the Malmquist Productivity Index (MPI) to simultaneously attain elevated levels of efficiency and productivity. The result shows that Maybank Islamic Berhad was considered the most efficient and productive Islamic Bank within ASEAN countries. In terms of significant elements, it was discovered that shifts in technology capabilities have a greater magnitude of effect on Islamic banking productivity in ASEAN than shifts in innovation strategies and operational efficiencies. The findings also show that Islamic banks in ASEAN region experienced a growth in banking performance during the research period. This implies that the Islamic banking sector demonstrated enhanced performance despite the adverse effects of the COVID-19 pandemic. This study suggests that all ASEAN Islamic banks must continue to enhance the quality of their technology in order to raise their efficiency and generate more productivity in the future.
Determinants of Food Waste Behavior in Muslim Household Food Consumption in Indonesia Lubis, Deni; Rodoni, Ahmad; Amalia, Euis
AL-MUZARA'AH Vol. 12 No. 2 (2024): AL-MUZARA'AH (December 2024)
Publisher : Department of Islamic Economics, IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jam.12.2.257-275

Abstract

Islam forbids wasteful behavior in all activities, yet Indonesia, with the world's largest Muslim population, is the second largest contributor to food loss and waste, with household consumption being the largest contributor. This study examines the factors influencing tabzir (food waste) behavior in Indonesian Muslim households and their relationship with religiosity in reducing tabzir behavior. The method used was a survey of 529 Muslim household respondents, and data analysis was performed using the structural equation modeling–partial least squares (SEM-PLS) approach. The results showed that routine shopping and eating habits had a positive impact on food waste; the worse the shopping behavior and eating habits, the more food wasted. On the other hand, awareness, religiosity, religious norms, and knowledge negatively influence food waste. Thus, the better the level of awareness, knowledge, religiosity, and religious norms, the less food is wasted. While awareness, knowledge, religiosity, and religious norms can help lessen food waste, they are insufficient without regulations on unethical consumption.
Digital Transparency and Consumer Awareness: Digital Platforms for Educating Consumers about Product Origins and Sustainability Tolegenov, Bakyt; Rafif, Kevin; Rafi, Muhammad; Herawati, Rafidah; Abdullah, Asaduddin; Sari, Linda Karlina
AL-MUZARA'AH Vol. 12 No. 2 (2024): AL-MUZARA'AH (December 2024)
Publisher : Department of Islamic Economics, IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jam.12.2.277-287

Abstract

This paper investigates the role of digital transparency in enhancing consumer awareness of product origins and sustainability. As consumers increasingly seek to make informed, ethically aligned purchasing decisions, digital platforms - such as blockchain-enabled systems, mobile apps, and e-commerce sites - offer a medium for brands to communicate supply chain transparency. Through a comprehensive literature review, this article examines how transparency practices impact consumer trust, decision-making, and the adoption of sustainable products. Findings reveal that while digital platforms can significantly influence ethical consumption, their effectiveness depends on the clarity, accessibility, and perceived credibility of information presented. Key challenges, including greenwashing and information overload, can hinder transparency efforts, thereby reducing consumer trust. Additionally, stakeholder theory and the theory of planned behaviour provide insights into the ethical responsibilities of brands and the cognitive factors shaping consumer choices. Practical recommendations are offered, including the need for simplified, interactive transparency tools and collaboration with third-party certifiers to enhance authenticity. The study highlights the importance of evolving digital transparency practices to meet the ethical demands of modern consumers and suggests ways for future research to explore the impact of transparency across diverse consumer segments and regions.
Strategic Financial Planning in the Context of Sharia Principles: A Study of Indonesia’s Sandwich Generation Haidar, Abdullah; Evania Herindar; Fauziah Chairiyati; Nur Hendrasto
AL-MUZARA'AH Vol. 12 No. 2 (2024): AL-MUZARA'AH (December 2024)
Publisher : Department of Islamic Economics, IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jam.12.2.289-309

Abstract

This study investigates the factors influencing the intention of Indonesia's sandwich generation to adopt sharia-compliant financial planning. With a focus on attitudes, knowledge, subjective norms, financial self-efficacy, and religiosity, this research aims to clarify how these elements shape the behavioral intentions of individuals responsible for financially supporting both older and younger family members. Using the Theory of Planned Behavior as a framework, the study conducted a survey across key regions of Java and applied PLS-SEM for data analysis. The findings reveal that while attitudes and knowledge have a limited direct effect on the intention to engage in sharia-compliant financial planning, subjective norms, financial self-efficacy, and religiosity exhibit a significant positive influence. These results underscore the importance of social support, personal financial confidence, and religious values in fostering sharia-compliant financial behavior within this demographic. The study provides insights for policymakers and financial institutions aiming to enhance financial literacy and sharia-compliant practices among Indonesia’s sandwich generation.
Integration between Indonesian Sharia Stock Index and Türkiye Sharia Index Using the Generalized Autoregressive Conditional Heteroscedasticity Model Rahayu, Siti; Sawitri, Peni; Ülev, Salih; Fathiyakan
AL-MUZARA'AH Vol. 12 No. 2 (2024): AL-MUZARA'AH (December 2024)
Publisher : Department of Islamic Economics, IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jam.12.2.311-319

Abstract

Indonesia and Türkiye are countries with a large number of followers of Islam. These two countries have a lot of cooperation in various activities. This study aims to measure the integration between Islamic capital markets in Indonesia and Türkiye. For the Indonesian Islamic capital market index, the Indonesian Islamic Stock Index (ISSI) is used, while for Türkiye, the Borsa Katilim (KATLM) is used. Using the Generalised Autoregressive Conditional Heteroscedasticity (GARCH) method, it was found that during the observation year, although there was a lot of cooperation, the activities of these two countries were not integrated. This can provide ideas for further research related to why there is a lot of cooperation between countries but it does not result in integration.

Page 15 of 19 | Total Record : 183

 13   14   15   16   17 

Filter by Year

2013 2026


Reset
Filter By Issues
All Issue Vol. 14 No. 1 (2026): AL-MUZARA'AH (January 2026) Vol. 13 No. 2 (2025): AL-MUZARA'AH (December 2025) Vol. 13 No. 1 (2025): AL-MUZARA'AH (June 2025) Vol. 12 No. 2 (2024): AL-MUZARA'AH (December 2024) Vol. 12 No. 1 (2024): AL-MUZARA'AH (June 2024) Vol. 11 No. 2 (2023): AL-MUZARA'AH (December 2023) Vol. 11 No. 1 (2023): AL-MUZARA'AH (June 2023) Vol. 10 No. 2 (2022): AL-MUZARA'AH (December 2022) Vol. 10 No. 1 (2022): AL-MUZARA'AH (June 2022) AL-MUZARA'AH Special Issue 2022 Vol. 9 No. 2 (2021): AL-MUZARA'AH (December 2021) Vol. 9 No. 1 (2021): AL-MUZARA'AH (June 2021) Vol. 8 No. 2 (2020): AL-MUZARA'AH (December 2020) Vol. 8 No. 1 (2020): AL-MUZARA'AH (June 2020) Vol. 7 No. 2 (2019): AL-MUZARA'AH (December 2019) Vol. 7 No. 1 (2019): AL-MUZARA'AH (June 2019) Vol. 6 No. 2 (2018): AL-MUZARA'AH (December 2018) Vol. 6 No. 1 (2018): AL-MUZARA'AH (June 2018) Vol. 5 No. 2 (2017): AL-MUZARA'AH (December 2017) Vol. 5 No. 1 (2017): AL-MUZARA'AH (June 2017) Vol. 4 No. 2 (2016): AL-MUZARA'AH (December 2016) Vol. 4 No. 1 (2016): AL-MUZARA'AH (June 2016) Vol. 3 No. 2 (2015): AL-MUZARA'AH (December 2015) Vol. 3 No. 1 (2015): AL-MUZARA'AH (June 2015) Vol. 2 No. 2 (2014): AL-MUZARA'AH (December 2014) Vol. 2 No. 1 (2014): AL-MUZARA'AH (June 2014) Vol. 1 No. 2 (2013): AL-MUZARA'AH (December 2013) Vol. 1 No. 1 (2013): AL-MUZARA'AH (June 2013) More Issue