cover
Contact Name
Muhammad Nizar
Contact Email
nizaryudharta@gmail.com
Phone
-
Journal Mail Official
malia@yudharta.ac.id
Editorial Address
-
Location
Kab. pasuruan,
Jawa timur
INDONESIA
MALIA
ISSN : 20879636     EISSN : 25492578     DOI : -
Core Subject : Economy,
Jurnal Malia terbit sejak 2011, setiap enam bulan sekali bulan Maret dan Agustus, merupakan jurnal ekonomi dan perbankan syariah yang menyajikan artikel hasil penelitian (empiris) serta isu-isu yang mencakup ekonomi syariah, keuangan syariah dan perbankan syariah.
Arjuna Subject : -
Articles 125 Documents
Revealing Gen Z’s Interest in Sharia Investment in The Capital Market Nurul Syafika; Eka Sri Wahyuni; Kustin Hartini
MALIA: Jurnal Ekonomi Islam Vol 16 No 1 (2024)
Publisher : Department of Islamic Economics, Faculty of Islamic Religion, Yudharta University Pasuruan, East Java, Indonesia.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35891/ml.v16i1.5713

Abstract

Introduction: This study investigates the influence of financial literacy, income, and technology on Generation Z's interest in investing in the Islamic capital market. The research addresses the growing importance of understanding the factors that encourage young individuals to participate in sharia-compliant investments, aiming to support the development of the Islamic financial market in Indonesia. Methods: The study employed a quantitative research method, collecting data through questionnaires distributed to 60 respondents using a saturated sampling technique. The data were analyzed to determine the relationship between the variables and Generation Z's investment interest. Results: The findings reveal that financial literacy and access to technology significantly affect Generation Z's interest in Islamic investments, while income has a relatively minor influence. These results highlight the critical role of knowledge and technology in shaping investment behavior among young individuals. Conclusion and suggestion: To attract more young investors to the Islamic capital market, efforts should focus on enhancing financial literacy through targeted education and providing accessible, user-friendly technological tools. This study contributes to the literature by examining the unique context of Islamic investment among Indonesia's younger generation and offers actionable insights for financial institutions, policymakers, and educators to foster sharia-compliant investment practices.
The Role of the Halal Value Chain Process in MSMEs on the Economy of South Kalimantan Malihah, Lola; Sauqi, Muhammad
MALIA: Jurnal Ekonomi Islam Vol 16 No 1 (2024)
Publisher : Department of Islamic Economics, Faculty of Islamic Religion, Yudharta University Pasuruan, East Java, Indonesia.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35891/ml.v16i1.5716

Abstract

Introduction: The global halal industry has grown rapidly in recent years, providing great opportunities for business actors. Indonesia, with around 242 million Muslims, accounts for 11.7% of the world's Muslim population. To monitor the development of the halal industry, clear benchmarks are needed, such as the concept of a "halal value chain" that covers the production process from raw materials to final products. Method: This study aims to analyze the implementation of the halal value chain in MSMEs in South Kalimantan and its impact on regional economic development. The study was conducted in three main areas, Banjarmasin, Banjarbaru, and Banjar Regency with a total of 172 respondents from 58 MSMEs. A mixed method was used, namely a quantitative survey with a questionnaire and qualitative through interviews and observations. Result: The results showed that around 45% of MSMEs apply halal principles in production, while 73% have official halal certification. The main obstacles are the lack of understanding of the importance of halal certification, minimal supporting infrastructure, and limited access to certification bodies. As many as 68% of respondents stated that technical support from the government could help obtain halal certification. Conclusion and suggestion: The implementation of the halal value chain has the potential to increase the competitiveness of MSMEs, strengthen their position in the national market, and support local economic growth. These findings are expected to be the basis for local government policies in developing the halal industry for MSMEs.
Resolving Public Negative Sentiment Towards Taxation in Indonesia According to Abu Yusuf's Thought Hisnidah, Mukaromatul; Khusnudin
MALIA: Jurnal Ekonomi Islam Vol 16 No 1 (2024)
Publisher : Department of Islamic Economics, Faculty of Islamic Religion, Yudharta University Pasuruan, East Java, Indonesia.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35891/ml.v16i1.5767

Abstract

The issue of tax increases has triggered negative sentiments and strong criticism from the public. This negative sentiment is fueled by concerns about adding to the economic burden on society. On the other hand, public trust in the management of taxation in Indonesia has not yet developed optimally. This study aims to explore ways to enhance public trust in Indonesia's tax management based on the thoughts of Abu Yusuf as outlined in Kitab al-Kharaj. This qualitative research employs a literature review approach by examining Abu Yusuf's perspectives. The findings suggest the need for tax reforms, such as tax collection based on taxpayers' ability (muqasamah), limiting the use of the self-assessment system (qabalah), optimizing agricultural taxes (kharaj), implementing customs duties (usyur), and implementation of mining taxes.
Problems of Waqf Mosque Management: A Contemporary Fiqh Perspective with Historical Viewpoints Dzakirah, Nadiva Fahriyyah Ayu; Khusnuddin
MALIA: Jurnal Ekonomi Islam Vol 16 No 1 (2024)
Publisher : Department of Islamic Economics, Faculty of Islamic Religion, Yudharta University Pasuruan, East Java, Indonesia.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35891/ml.v16i1.5793

Abstract

Introduction: The existence of problems in managing mosque waqf is a problem in an organization or institution. The renewal of waqf in today's thinking can be a solution to management problems. Methods: This research aims to determine the problems in managing waqaf mosques from a historical perspective. The method used is a descriptive qualitative method. Data collection techniques use interviews and documentation. Results: The results of the research show that the management of waqaf mosques, which previously had problems, is now better managed because there are management ideas that can make the management of the mosque run well. Conclusion and suggestion: The problem of waqf mosques can be resolved by returning to the benefits of mosques, namely that mosques are places of worship for muslims who do not respect any sect.
Maqasid Sharia As A Philosophical Foundation In Islamic Economic Policy Making Arum, Hafidza Sanshia; Rupita, Nanda Ega; Syahpawi; Muhammad Albahi
MALIA: Jurnal Ekonomi Islam Vol 16 No 1 (2024)
Publisher : Department of Islamic Economics, Faculty of Islamic Religion, Yudharta University Pasuruan, East Java, Indonesia.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35891/ml.v16i1.5798

Abstract

Introduction: The application of Sharia economics often focuses on aspects of formal legality, ignoring the social and desire dimensions. This challenge makes the Sharia principles less optimal for creating benefits. Globalisation adds pressure to innovation, but Maqasid Sharia offers a holistic framework for material and spiritual balance. Methods: Using the literature study method, this study examines the theory and application of Maqasid Sharia which includes the protection of religion, soul, intellect, heredity, and property in economic policy Results: The results show that, although Maqasid Syariah provides a comprehensive framework, the main challenges in its implementation are an overly legalistic approach and a lack of innovation in Islamic financial products. Conclusion and suggestion: Maqasid Syariah as the foundation of syariah economy provides strategic guidance for fair, inclusive, and sustainable policies with Five main elements: religion, soul, intellect, heredity, and wealth. Despite being able to address global challenges such as social inequality and climate change, its implementation faces obstacles such as the dominance of a legalistic approach, lack of innovation, and lack of regulation and infrastructure. Recommendations include the integration of Maqasid values in policy, strengthening regulation, developing Sharia financial technology, redistribution of wealth through zakat and waqf, and innovative products such as green sukuk. The synergy between government, private, and historians is necessary for effective implementation.
The Influence of Financial Performance, Corporate Governance, and Trading Volume on Islamic Stock Prices (Case Study on ISSI BUMN Sector in 2011-2023): Wulandari, Amelia; Riyan Andni
MALIA: Jurnal Ekonomi Islam Vol 16 No 1 (2024)
Publisher : Department of Islamic Economics, Faculty of Islamic Religion, Yudharta University Pasuruan, East Java, Indonesia.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35891/ml.v16i1.5818

Abstract

Introduction: The rapid growth of the sharia capital market in Indonesia reflects increasing public interest in sharia-compliant investments, driven by stable economic growth, political stability, and supportive government policies. By examining these variables, this research aims to provide a comprehensive understanding of the factors shaping sharia stock prices in a dynamic economic environment, offering valuable insights for investors, policymakers, and stakeholders to enhance the development of the sharia capital market. Methods: This study uses a quantitative approach to analyze the effects of financial performance, corporate governance, and trading volume on sharia stock prices in the ISSI-listed BUMN sector during 2011-2023. The analysis employs multiple linear regression on panel data, supported by validity tests and model selection techniques, to ensure robust and reliable results. Results: Financial performance measured by Return on Assets (ROA) has a significant positive impact on sharia stock prices in the ISSI-listed BUMN sector, aligning with signaling theory, which highlights good performance as a positive signal for investors. Similarly, good corporate governance (GCG), reflected in a high Corporate Governance Perception Index (CGPI), significantly boosts sharia stock prices, while increased trading volume shows a negative effect, possibly due to selling pressure, emphasizing the need for careful interpretation of market signals. Conclusion and suggestion: Financial performance and corporate governance positively influence sharia stock prices, while trading volume negatively impacts them due to market pressure or speculation. Companies should enhance governance and profitability, while regulators strengthen trading oversight to ensure market stability.
The Influence of Halal Labels, E-Wom (Electronic Word Of Mouth) and Customer Loyalty Towards the Decision to Purchase Halal Food on Shopee Food Puspita, Arwiny; Ryan Andni
MALIA: Jurnal Ekonomi Islam Vol 16 No 1 (2024)
Publisher : Department of Islamic Economics, Faculty of Islamic Religion, Yudharta University Pasuruan, East Java, Indonesia.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35891/ml.v16i1.5819

Abstract

Introduction: Halal labels are all products that have permission to be traded and have met Islamic law, this halal label is issued by the MUI agency. The purpose of this study was to determine the influence of halal labels, E-Wom (Electronic Word Of Mouth), and customer loyalty on purchasing decisions. Methods: This study uses quantitative research based on research data taken in the form of numbers and these numbers are then analyzed in more detail. This study uses primary data as its data source. To obtain primary data, researchers distributed questionnaires using a Likert scale with a response interval of 1 to 5 and reliability test. Results: The calculated t value for the Halal Label variable is 2.375. So the calculated t value is 2.375> t table 1.6565. Then the significance level of 0.021 <0.05 can be concluded that H1 is accepted. So it can be concluded that there is a positive and significant influence between the halal label (X1) on purchasing decisions. The t-value for the E-Wom (Electronic Word Of Mouth) variable is 3.715. So the t-value is 3.715 > t table 1.6565. Then the level of significance is 0.000 <0.05 , it can be concluded that H1 is accepted. So it can be concluded that there is a positive and significant influence between E-Wom (Electronic Word Of Mouth) (X2) on purchasing decisions. The t-value for the Customer Loyalty variable is 6.764. So the t-value is 6.764 > t table 1.6565. Then the level of significance is 0.000 <0.05 , it can be concluded that H1 is accepted. So it can be concluded that there is a positive and significant influence between customer loyalty (X3) on purchasing decisions. Conclusion and suggestion: Based on the results of this study on "The Influence of Halal Labels, E-Wom (Electronic Word Of Mouth) And Customer Loyalty Towards Halal Food Purchasing Decisions on the Shopee Food Application ”, it can be concluded that the halal label variables (X1), E-Wom (Electronic Word Of Mouth) (X2), and Customer Loyalty (X3) are acceptable and significant towards halal food purchasing decisions on the Shopee Food application.
Implementation of Digital Transformation in HIPSI SMEs: A Qualitative Analysis of Strengthening Local Community Digital Capabilities Muhammad Fahmul Iltiham; Muhammad Nizar
MALIA: Jurnal Ekonomi Islam Vol 15 No 2 (2024)
Publisher : Department of Islamic Economics, Faculty of Islamic Religion, Yudharta University Pasuruan, East Java, Indonesia.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35891/ml.v15i2.5890

Abstract

Purpose: The increasing importance of digital innovation as a driver of business transformation across various industries remains underexplored in the context of SMEs. This study aims to address this gap by examining the direct effects of digital orientation and digital capability on digital innovation and assessing the mediating role of digital innovation in the relationship between organizational performance and these driving factors. Design/methodology/approach: This qualitative study analyzes data collected from 20 HIPSI SMEs in Pasuruan, Indonesia. Data were obtained through interviews and document reviews and analyzed using thematic analysis and structural modeling techniques with SmartPLS. Findings: The findings reveal that digital orientation and digital capability significantly influence digital innovation. Furthermore, digital innovation mediates the effect of digital orientation and digital capability on financial and non-financial performance. This demonstrates the critical role of digital innovation in enhancing organizational performance by leveraging digital resources effectively. Practical implications: This study highlights the need for SMEs to adopt a digital-oriented mindset and invest in developing digital capabilities to harness the potential of emerging digital technologies. This strategic alignment can foster innovation, improve competitiveness, and strengthen community digital empowerment. Originality/value: This research provides a novel framework that links digital orientation, digital capability, and innovation to organizational performance within the SME sector. It fills a critical gap in the literature by emphasizing the mediating role of digital innovation and offering insights into the digital transformation of local business communities.
Consumption Behavior of Students of Sunan Kalijogo Jabung Islamic Boarding School on Syariah Fashion Products (Reviewed in the Maqashid Syariah Approach) Yusuf Wijaya, Mohammad
MALIA: Jurnal Ekonomi Islam Vol 16 No 1 (2024)
Publisher : Department of Islamic Economics, Faculty of Islamic Religion, Yudharta University Pasuruan, East Java, Indonesia.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35891/ml.v16i1.5924

Abstract

Introduction: The aim of this research is to determine the consumption behavior of female students, what factors influence the consumer behavior of female students and an overview of Islamic economics at the Sunan Kalijogo Islamic Boarding School, Malang. Methods: The research method is qualitative field research, at the Sunan Kalijogo Jabung Islamic Boarding School, Malang Regency. The data source in this research was 10 female students from dormitory D. Results: Factors that influence female students at the Sunan Kalijogo Islamic Boarding School to behave consumptive towards current fashion trends because they are based on self-concept, which is driven more by factors of need and benefit. Meanwhile, external factors that influence students' consumptive behavior are advertising and the information they obtain about fashion. The consumption behavior of students at the Sunan Kalijogo Islamic Boarding School in Malang is in accordance with the rationality of Muslim consumers and in accordance with maqashid sharia. Conclusion and suggestion: The consumption behavior of female students of Sunan Kalijogo Islamic Boarding School in Malang on sharia fashion products has been in accordance with the concept and principles of maqashid sharia, namely in consuming sharia fashion products, students are more oriented and consider aspects of needs, benefits and maslahah, not just desires. The advice that can be given is that the Sunan Kalijogo Malang Islamic Boarding School should maintain the principles that have been held by students to buy goods by looking at their needs and benefits and increase education for students so that they are not easily persuaded by advertisements.
Productive Zakat Based on Local Potential: A Multi-Case Study in Rural and Urban Areas Ekaviana, Dessy; Nur Ramadhani, Febrina
MALIA: Jurnal Ekonomi Islam Vol 16 No 2 (2025)
Publisher : Department of Islamic Economics, Faculty of Islamic Religion, Yudharta University Pasuruan, East Java, Indonesia.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35891/ml.v17i2.6153

Abstract

Introduction: This study explores the implementation of locally-based productive zakat programs in urban and rural contexts, aiming to analyze the effectiveness of integrating local economic potential in empowering zakat beneficiaries. Using a qualitative multi-case study approach, Wahdah Inspirasi Zakat (WIZ) Makassar was selected as the urban case and LAZISMU Grobogan as the rural case. Methods: Data were collected through in-depth interviews and document analysis. Results: The results reveal that leveraging local potential in productive zakat programs significantly improves the income and economic independence of mustahik. WIZ Makassar focuses on skills training, micro-business support, and women empowerment to address urban poverty. In contrast, LAZISMU Grobogan utilizes rural resources such as goat farming and organic fertilizer production to support small businesses and community welfare. The study identifies five key phases in program success: mapping potential, selecting beneficiaries, providing continuous assistance, monitoring business progress, and conducting evaluation. Conclusion and Suggestion: However, challenges persist, including beneficiaries' preference for consumptive aid and the limited human resources in zakat institutions. To overcome these barriers, strategies such as community education, institutional capacity development, and funding diversification are necessary. The findings underscore the importance of context-specific zakat management models tailored to local characteristics, ensuring sustainable economic empowerment. This research offers a practical framework for zakat institutions seeking to optimize the impact of productive zakat programs in varied socioeconomic settings.

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