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Contact Name
Nurhafid Ishari
Contact Email
hafid.ishari@gmail.com
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jurnaliqtishoduna@gmail.com
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INDONESIA
Iqtishoduna: Jurnal Ekonomi Islam
ISSN : 22525661     EISSN : 24430056     DOI : -
Core Subject : Economy,
The focus of the Journal of Syari'ah Economics and Islamic Business all aspects of scientific discussions about Islamic Economics, Syari'ah Banking and Islamic Economic Management ideas covering: 1) research article, 2) conceptual idea, 3) review of the literature, and 4) practical experience.
Arjuna Subject : -
Articles 6 Documents
Search results for , issue "Vol. 15 No. 1 (2026): April (on progress)" : 6 Documents clear
Blockchain-Enabled Digital Financial Systems in Islamic Banking: Evidence from a Systematic Literature Review Ernayani, Rihfenti
IQTISHODUNA: Jurnal Ekonomi Islam Vol. 15 No. 1 (2026): April (on progress)
Publisher : Department of Sharia Economics Faculty of Islamic Economics and Business, Universitas Islam Syarifuddin Lumajang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54471/iqtishoduna.v15i1.3010

Abstract

This study provides a comprehensive review of blockchain-based digital financial systems in Islamic banking, synthesizing recent developments, challenges, and prospects for integrating blockchain within Shariah-compliant financial institutions. Using a qualitative systematic literature review approach, data were collected from peer-reviewed theoretical and empirical studies indexed in Google Scholar and Mendeley Data. The review systematically examines research methodologies, technological applications, and their implications for Islamic finance. The findings indicate that blockchain adoption significantly enhances security, transparency, and operational efficiency in Islamic banking processes. However, critical challenges persist, particularly regarding Shariah compliance, governance mechanisms, and the alignment of blockchain applications with Islamic ethical principles. The study highlights key determinants influencing blockchain adoption, including governance structures, regulatory readiness, and Shariah oversight. To address existing gaps, this research integrates Shariah principles into the analytical framework, ensuring that ethical values remain central to digital financial innovation. The study contributes to the literature by mapping blockchain research to the core functions of Islamic banks and by proposing a Sharia-compliant blockchain system model, along with a future research roadmap. In practice, the findings provide strategic guidance for Islamic banks on implementing smart contracts, strengthening Shariah audits, reducing operational costs, and fostering digital product innovation.
Reinventing Pesantren Economies: Islamic Social Entrepreneurship as a Model for Sustainable Community Transformation Argantara, Zaid Raya; Haryono, Slamet; Wardi, Moh.; Rahman, Holilur; Rafiqi, Iqbal; Puad, Noor Aimi Mohamad
IQTISHODUNA: Jurnal Ekonomi Islam Vol. 15 No. 1 (2026): April (on progress)
Publisher : Department of Sharia Economics Faculty of Islamic Economics and Business, Universitas Islam Syarifuddin Lumajang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54471/iqtishoduna.v15i1.3012

Abstract

This study examines the role of Islamic social entrepreneurship in reinventing pesantren-based economies as a sustainable model for community transformation within the broader discourse of inclusive and ethical development. Employing a qualitative descriptive-analytical approach, data were collected through in-depth interviews, participant observation, and documentation at Pondok Pesantren Al-Amien Prenduan, Indonesia. The findings demonstrate that the implementation of Islamic social entrepreneurship through the Micro Waqf Bank (BWM) Al-Pend Barokah Mandiri significantly contributes to economic empowerment among productive low-income communities. Beyond local impact, this pesantren-based model addresses global challenges related to financial inclusion, social inequality, and sustainable development by embedding Islamic ethical values within entrepreneurial practices. The study contributes to the literature by conceptualizing pesantren not merely as religious institutions but as transformative socio-economic actors capable of driving inclusive growth. This research proposes pesantren-based Islamic social entrepreneurship as a viable alternative framework for sustainable community transformation in emerging Muslim economies.
Reimagining Islamic Philanthropy in the Digital Economy: A Comparative Analysis of Branding as Ethical Capital in Private and State-Owned Institutions Putra, Muhammad Deni; Muslim, Aziz; Afandi, Mukhamad Yazid; Sahroni, Abdullah; Husain, Muhammad Kamil; Utami, Sari
IQTISHODUNA: Jurnal Ekonomi Islam Vol. 15 No. 1 (2026): April (on progress)
Publisher : Department of Sharia Economics Faculty of Islamic Economics and Business, Universitas Islam Syarifuddin Lumajang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54471/iqtishoduna.v15i1.3443

Abstract

This qualitative library research examines the contrast in social media branding effectiveness between private and state-owned Islamic philanthropic institutions, an important issue in the digital era where public trust and engagement are essential. Using a systematic thematic analysis of scholarly literature published between 2014 and 2024, the study finds that private institutions consistently outperform their state-owned counterparts by leveraging organizational agility, innovative storytelling, and transparent communication. These practices are further interpreted as contemporary manifestations of core Islamic values, namely amanah (trust) and ihsan (excellence). The primary objective of this study is to identify the underlying factors contributing to this disparity and to generate actionable insights for optimizing digital outreach in Islamic philanthropy. The findings suggest that effective branding is not merely a technical advantage but also reflects a deeper institutional alignment with ethical principles, enabling private institutions to build stronger community engagement and donor loyalty. Accordingly, this study offers important implications by proposing a transformative approach through which state-owned institutions can adopt value-based digital strategies to enhance transparency, public appeal, and overall social impact, thereby strengthening the Islamic economic ecosystem in the twenty-first century.
Putting Parsons's AGIL Theory to Work: Analyzing Local Muslim Change of Economic Power and Financial Inclusion in Purwokerto City, Indonesia Utami, Hastin Tri; Dahlan, Ahmad; Faozan, Akhmad; Aprianto, Naerul Edwin Kiky; Parno; Hamdan, Muhammad Sirajuddin Qahtan
IQTISHODUNA: Jurnal Ekonomi Islam Vol. 15 No. 1 (2026): April (on progress)
Publisher : Department of Sharia Economics Faculty of Islamic Economics and Business, Universitas Islam Syarifuddin Lumajang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54471/iqtishoduna.v15i1.3472

Abstract

This study examines whether urban transformation and increasing economic activity influence the social structure of surrounding communities. The research focuses on the local Muslim community in three major economic centers in Purwokerto City, Banyumas Regency, namely Pasar Wage, Kebon Dalem Market, and the area surrounding the city square (Alun-alun). Purwokerto has experienced rapid economic growth and urban expansion, positioning it as a strategic destination for residents from neighboring regions. This transformation raises important questions regarding its impact on local community dynamics, particularly within Muslim society. Data were collected through observation, documentation, and in-depth interviews with selected informants, and analyzed using Talcott Parsons’ AGIL framework, which includes Adaptation, Goal Attainment, Integration, and Latent Pattern Maintenance. The findings reveal that urban change in Purwokerto encompasses not only economic transformation but also social and political dimensions. The local Muslim community demonstrates a strong capacity for adaptation to economic shifts while actively pursuing economic opportunities. At the same time, social cohesion remains intact through the reinforcement of religious values, social networks, and national identity. These elements function as latent pattern maintenance mechanisms that sustain community stability amid urban change. This study highlights the resilience of local Muslim communities in balancing economic development with the preservation of social and religious values.
Individual Investor Behavior in Sharia-Compliant Stock Investment Decisions on the Indonesia Stock Exchange Dwiatmaja, Ahmad Zikri; Parmitasari, Rika Dwi Ayu; Sapa, Nasrullah Bin
IQTISHODUNA: Jurnal Ekonomi Islam Vol. 15 No. 1 (2026): April (on progress)
Publisher : Department of Sharia Economics Faculty of Islamic Economics and Business, Universitas Islam Syarifuddin Lumajang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54471/iqtishoduna.v15i1.3490

Abstract

Sharia-compliant stock investment is increasingly popular, particularly among Generation Z and millennial investors. However, investment decisions are influenced not only by rational considerations, such as fundamental and technical analysis, but also by psychological factors and investor behavior. This study aims to analyze the effects of overconfidence, financial attitude, and risk tolerance on Sharia stock investment decisions on the Indonesia Stock Exchange, with Islamic financial literacy as a moderating variable. This study employs a quantitative approach using a survey method, in which data were collected through questionnaires distributed to Sharia stock investors. The data were analyzed using Structural Equation Modeling (SEM) to examine the relationships among variables. The results indicate that overconfidence, financial attitude, and risk tolerance have a positive and significant effect on investment decisions. Islamic financial literacy is found to moderate the relationships between financial attitude and investment decisions, as well as between risk tolerance and investment decisions, but does not moderate the relationship between overconfidence and investment decisions. These findings suggest that a strong understanding of Islamic financial literacy can help mitigate overconfidence bias in investment decision-making, enabling investors to behave more rationally when selecting Sharia-compliant stocks. Therefore, enhancing Islamic financial literacy through education and training is essential to support more prudent decision-making and to help investors avoid high-risk investments
English English Entaresmen, Raden Ajeng; Chaniago, Nuraini; Puspitasari, Windhy; Dewi, Risa Nurmala; Susanti, Azizah Amelia Eka; Suryani; Itang
IQTISHODUNA: Jurnal Ekonomi Islam Vol. 15 No. 1 (2026): April (on progress)
Publisher : Department of Sharia Economics Faculty of Islamic Economics and Business, Universitas Islam Syarifuddin Lumajang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54471/iqtishoduna.v15i1.3516

Abstract

This study examines whether Waqf, Zakat and Infaq/Sadaqah actually promote sustainable economic growth in Indonesia, or whether this is merely an assumption. The 2021–2023 period was not chosen at random: this is the post-pandemic recovery period when inter-provincial disparities in the collection and distribution of Islamic social funds are most evident, and simultaneously the implementation period of the 2020–2024 National Medium-Term Development Plan (RPJMN), which provides verifiable SDG benchmarks. Secondary data from 35 provinces were analysed using panel regression. The results were mixed. Zakat and Infaq/Sedekah were found to have a positive and significant impact on social welfare and poverty alleviation. Wakaf, however, showed the opposite trend — a negative relationship with development indicators — which points more to governance issues than to weaknesses in the instrument itself. The direct implication is that the management of Wakaf needs to be institutionally reformed, rather than merely expanded. Meanwhile, the existing distribution mechanisms for Zakat and Infaq/Sedekah need to be maintained and strengthened. This study fills an empirical gap that has been largely overlooked in the literature on Islamic social finance, namely the differences in impact across provinces at the regional level.

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