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INDONESIA
JESI (Jurnal Ekonomi Syariah Indonesia)
ISSN : 20893566     EISSN : 25031872     DOI : -
Core Subject : Economy,
JESI: Jurnal Ekonomi Syariah Indonesia adalah jurnal ekonomi yang memberikan kajian ekonomi syariah, lembaga keuangan syariah, dan bisnis syariah. Jurnal JESI berupaya untuk menyajikan hasil karya ilmiah, dalam bentuk tulisan yang mengulas pokok permasalahan perekonomian yang berlandaskan syariah islam.
Arjuna Subject : -
Articles 219 Documents
The Effect of Organizational Commitment, Job Placement Suitability, and Leadership Style on Employee Performance in UMKM Kasongan Tourism Village, Special Region of Yogyakarta Nanik Istiroah; Sundjoto Sundjoto; Sri Rahayu; Christina Wulansari
JESI (Jurnal Ekonomi Syariah Indonesia) Vol. 14 No. 2 (2024)
Publisher : Universitas Alma Ata

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21927/jesi.2024.14(2).%p

Abstract

Using a by-order system in making pottery in UMKM Kasongan Tourism Village has resulted in many craftsmen feeling less able to develop their abilities which affects performance. This study aims to test organizational commitment, suitability of job placement, and leadership style on employee performance. The population of this study was all workers as craftsmen in Kasongan Tourism Village, totaling 43 employees who as craftsmen data came from Kasongan Village. The sampling technique used saturated samples. The analysis tool for this study used multiple linear regression which was processed using SMART PLS. The results of the study said that organizational commitment did not affect employee performance, while suitability of job placement and leadership style had a positive and significant effect on employee performance. The implications of this study say that in developing human resources in craftsmen, leadership style and suitability of job placement are needed to improve employee performance.
The Influence of Accounting Understanding, Self Efficacy on the Digitalization of MSMEs, and the Quality of Financial Reports on MSMEs in Bantul Regency, Yogyakarta Martinus Budiantara; Sundjoto Sundjoto; Ludfi Zailani; Moh Adi Kurniawan
JESI (Jurnal Ekonomi Syariah Indonesia) Vol. 14 No. 2 (2024)
Publisher : Universitas Alma Ata

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21927/jesi.2024.14(2).%p

Abstract

Micro, Small, and Medium Enterprises (MSMEs) play a significant role in the Indonesian economy, with a large contribution to Gross Domestic Product (GDP) and employment absorption. However, many MSMEs face challenges in preparing quality financial reports, especially related to accounting understanding, self-efficacy, and digitalization. This study aims to analyze the effect of accounting understanding, self-efficacy, and digitalization on the quality of MSME financial reports, with digitalization as a mediating variable. Through a quantitative approach, this study involved 50 MSMEs in Bantul, Yogyakarta, and used analysis with SmartPLS. The results of the study indicate that MSME digitalization and accounting understanding have a significant effect on the quality of financial reports, while self-efficacy has no direct effect. Digitalization acts as a mediator between accounting understanding and financial report quality. This study contributes to the literature on MSME financial management as well as practical recommendations for MSME actors in improving the quality of financial reports through the use of digital technology.
Financial Literacy and Payment Methods in Enhancing Interest in Cash Waqf: Evidence from UNIDA Gontor Galih Aisia; Abdul Latif Rizqon; Nurus Shefrilianti Hidayatullah
JESI (Jurnal Ekonomi Syariah Indonesia) Vol. 15 No. 2 (2025)
Publisher : Universitas Alma Ata

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21927/jesi.2025.15(2).160-175

Abstract

Introduction: The development of Islamic philanthropy, especially cash waqf, is gaining momentum in higher education institutions through the support of zakat and waqf management bodies. LAZISWAF UNIDA Gontor plays an important role in providing tuition assistance through waqf funds. However, the factors influencing individuals’ interest in contributing to cash waqf, particularly financial literacy and payment methods, remain underexplored. This study aims to examine (1) the effect of financial literacy on interest in cash waqf, (2) the effect of payment methods on interest in cash waqf, and (3) the combined effect of financial literacy and payment methods on interest in cash waqf at LAZISWAF UNIDA Gontor.Methodology: This study used a quantitative research approach was used with multiple regression analysis. The study involved 132 respondents selected through purposive sampling, comprising students who had knowledge or experience related to cash waqf. Data analysis was conducted using EViews 12 to assess relationships among the independent variables (financial literacy and payment methods) and the dependent variable (interest in cash waqf).Findings/Results: The results show that both financial literacy and payment methods significantly influence interest in cash waqf, both separately and together.Conclusion: A better understanding of waqf principles and the accessibility of digital payment options positively affect individuals' willingness to participate in cash waqf. The theoretical contribution of this study lies in its integrated approach by combining financial literacy and payment method variables to explain interest in cash waqf. This model provides practical insights for Islamic philanthropic institutions to enhance engagement strategies and improve waqf fundraising.
The Effect of Tourist Attractions and Islamic Attributes on Muslim Tourist Visiting Decisions with Destination Image as a Mediating Variable at Tondok Bakaru Tourism Village Muhammad Akbar; Rita Yunus; Nurfadilah Sindika Sari; Efriza Pahlevi Wulandari; Rizkiani Iskandar
JESI (Jurnal Ekonomi Syariah Indonesia) Vol. 15 No. 3 (2025)
Publisher : Universitas Alma Ata

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21927/jesi.2025.15(3).216-239

Abstract

Introduction: Indonesia has enormous potential in developing halal tourism, yet its implementation faces challenges in regions where Muslims are not the majority, such as Tondok Bakaru Tourism Village in West Sulawesi. Although the village offers stunning natural landscapes and rich cultural heritage, its ability to attract Muslim tourists remains uncertain due to limited Islamic attributes. This study aims to analyze the influence of tourism attractions and Islamic attributes on Muslim tourists’ visiting decisions, with destination image acting as a mediating variable.Methodology: A quantitative approach was employed using Structural Equation Modeling–Partial Least Squares (SEM-PLS). Data were collected through an online questionnaire from 39 Muslim tourists who had previously visited Tondok Bakaru.Results: Findings reveal that Islamic attributes significantly enhance destination image, which in turn positively influences visiting decisions. Conversely, tourism attractions do not directly affect visiting decisions but contribute indirectly by shaping destination image.Conclusion: Islamic attributes and destination image are essential for attracting Muslim tourists to destinations in non-Muslim majority areas. Tourism managers should prioritize improving Islamic facilities such as prayer spaces and halal food availability and develop a Muslim-friendly destination image to strengthen competitiveness in the growing halal tourism industry. These efforts will help position Tondok Bakaru as an inclusive and appealing destination for Muslim travelers.
The Effect of Compensation and Islamic Corporate Governance on Fraud Prevention with Islamic Organizational Culture as A Moderating Variable Yusuf Faisal; Lupita Putri Yanti; Egi Gumala Sari
JESI (Jurnal Ekonomi Syariah Indonesia) Vol. 15 No. 2 (2025)
Publisher : Universitas Alma Ata

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21927/jesi.2025.15(2).176-195

Abstract

Introduction : This study aims to obtain empirical evidence regarding the influence of compensation and Islamic Corporate Governance on fraud prevention, with Islamic Organizational Culture as a moderating variable. It focuses on Islamic values in corporate governance and organizational culture and represents a novel approach to connecting these elements in the context of fraud prevention within Islamic financial institutions. Theoretically, this research enriches academic literature by presenting a comprehensive model that integrates compensation, Islamic Corporate Governance, and fraud prevention.Methodhology : This research uses a quantitative approach. Data were collected through questionnaires distributed to staff in Islamic Financial Institutions. Out of 200 distributed questionnaires, 112 valid responses were obtained from three regions. Data analysis was carried out using PLS SEM Version 3.0.Result : The findings indicate that compensation has a positive and significant effect on fraud prevention, while Islamic Corporate Governance does not. Islamic Organizational Culture moderates the relationship between compensation and fraud prevention but does not moderate the relationship between Islamic Corporate Governance and fraud prevention.Conclusion : The study highlights the importance of compensation structures aligned with Islamic values in preventing fraud within Islamic financial institutions. From a managerial perspective, fair compensation, strong ethical culture, and effective supervision are essential to enhance employee integrity and reduce fraud. From a policy perspective, regulatory frameworks are needed to support performance-based compensation and promote Islamic values in the workplace, including the provision of worship facilities, to foster a high-integrity organizational environment.
Investment Decision Making for Indonesian Gen Z in the Islamic Capital Market Anisa Risqi Cahya Ningrum; Ragil Satria Wicaksana; Farah Nur Syafi'ah Wijayanti; Ratih Purbowisanti
JESI (Jurnal Ekonomi Syariah Indonesia) Vol. 15 No. 1 (2025)
Publisher : Universitas Alma Ata

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21927/jesi.2025.15(1).16-37

Abstract

Introduction: The rapid growth of Indonesia’s Islamic capital market, particularly in the Special Region of Yogyakarta (DIY), is driven by technological advancements, improved investment literacy, and psychological factors such as financial self-efficacy. As digital natives, Generation Z holds significant potential to become Sharia-compliant investors. This study examines the effects of technological advancement, investment knowledge, and financial self-efficacy on investment decisions in the Islamic capital market, with investment interest serving as a mediating variable, grounded in the Theory of Planned Behavior (TPB).Methods: A causal-associative quantitative approach was employed, involving 100 Generation Z respondents in DIY who had prior experience in Islamic capital market transactions. Respondents were selected through purposive sampling, and data were collected via an online questionnaire. Data analysis utilized Partial Least Squares Structural Equation Modeling (PLS-SEM) to evaluate both direct and indirect relationships between variables.Results: Findings indicate that technological advancement, investment knowledge, and financial self-efficacy each have a significant positive effect on investment decisions. Technological advancement and financial self-efficacy also significantly and positively influence investment interest, while investment knowledge does not significantly affect investment interest. Moreover, investment interest mediates the relationship between technological advancement and financial self-efficacy with investment decisions, but not between investment knowledge and investment decisions. Measurement model assessment confirmed reliability and validity, with composite reliability exceeding 0.7 and Average Variance Extracted (AVE) values above 0.5.Conclusion: Technological advancement and financial self-efficacy are key drivers of both interest and decision-making among Generation Z investors in the Islamic capital market. In contrast, investment knowledge tends to directly influence decisions without enhancing interest. These findings highlight the importance of leveraging technology and strengthening financial confidence through practical education. Market regulators and industry players can use these insights to design targeted literacy programs and campaigns aimed at engaging young investors. 
Integration of Zakatnomics in Social Community Philanthropy for Improving the Welfare of Low- Income Communities (Study: Teman Peduli Community, Subang Regency) Febri Ramadhani; Suharto Suharto
JESI (Jurnal Ekonomi Syariah Indonesia) Vol. 15 No. 3 (2025)
Publisher : Universitas Alma Ata

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21927/jesi.2025.15(3).297-311

Abstract

Introduction: Subang is one of the regencies located in West Java Province. The majority of the area consists of plantations and rice fields. However, unfortunately, the potential of Subang Regency is not accompanied by strong socio-economic capabilities, as evidenced by the still high unemployment and poverty rates. A solution for improving the welfare of low-income communities is to integrate it with Zakatnomics. One of the management approaches is through philanthropic institutions such as the Teman Peduli social community. This study aims to explore the role of Zakatnomics in increasing the income of low-income communities.Method : The method used is a qualitative approach with in-depth interviews. The interview results are analyzed using the explanation building technique.Result : The results of the study are that the Teman Peduli aims to increase income and empower low-income communities through two programs: consumptive programs such as help sick people and mass circumcision, and productive programs such as the help grocery store, smart kids program, and assistance in obtaining a health cards These three aspects—economy, education, and health—can serve as indicators in achieving a decent standard of living and contribute to the formation of empowered communities.Conclusion :Zakatnomics implemented by the Teman Peduli community is able to increase income and empower low-income communities. 
Measurement of Return of Islamic Knowledge Mobility (IROKM) on Women Entrepreneurs who are members of Bueka Aisyiyah Pringsewu Regency Arum Arupi Kusnindar; Ainur Rosidah; Kholid Hidayatullah; Sekar Arum Sari
JESI (Jurnal Ekonomi Syariah Indonesia) Vol. 15 No. 1 (2025)
Publisher : Universitas Alma Ata

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21927/jesi.2025.15(1).1-15

Abstract

Introduction/Main Objectives: Islamic Knowledge Mobility (IROKM) is a key driver of women entrepreneurs’ performance in BUEKA Aisyiyah, Pringsewu Regency. This study examines its role in promoting business sustainability and well-being within a Sharia-based business context. The main problem addressed is how IROKM influences the sustainability and performance of women-led business, and to what extent moderating factors such as risk tolerance and knowledge-sharing transparency strengthen this relationship. This paper uniquely combines quantitative PLS-SEM analysis with qualitative NVivo insights to examine IROKM’s role in business performance—an area that has received limited attention, particularly in the context of women entrepreneurs operating under Islamic business principles in Indonesia.Methodology: This study used a mixed-method approach with PLS-SEM to measure IROKM’s impact on business performance and NVivo to analyze entrepreneurs’ perceptions, based on surveys and interviews with BUEKA Aisyiyah women entrepreneurs in Pringsewu Regency.Finding/Results: Results show IROKM significantly boosts business performance (path coefficient = 0.958), especially in revenue, sustainability, and networks, with risk tolerance and knowledge-sharing enhancing the effect. Qualitative data confirm Islamic values foster customer trust and loyalty. Conclusion: IROKM significantly boosts women entrepreneurs’ performance in an Islamic economic context, calling for targeted training, stronger Aisyiyah support, and wider Sharia-compliant financing to advance sustainable Sharia-based business models in Indonesia.
Performance of Murabahah Financing in Islamic Commercial Banks in Indonesia: Analysis of Influencing Factors Diyah Ariyani; Fitria Wahyuningtyas
JESI (Jurnal Ekonomi Syariah Indonesia) Vol. 15 No. 1 (2025)
Publisher : Universitas Alma Ata

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21927/jesi.2025.15(1).69-90

Abstract

Introduction: The importance of the role of Islamic banks in Indonesia makes Islamic banks need to improve their performance so that banking with Islamic principles remains healthy and efficient. with good performance accompanied by Islamic governance, it will increase public trust in banks so that the financing distributed will increase. This study aims to test: (1) the effect of NPF, FDR, CAR. and ROA on Murabahah Financing, (2) the effect of ICG as a moderating variable of the relationship between NPF, FDR, CAR and ROA on Murabahah Financing.Reseach Methods: This study uses quantitative data types, the population used is all Islamic Commercial Banks registered with the OJK in 2015-2023. In this study, the sampling technique was determined using purposive sampling and 10 bank samples were obtained during 2015-2023, and the data source used was secondary data. This study uses multiple linear regression analysis techniques.Finding: The results of this study show: (1) the influence of NPF and FDR has a negative but insignificant influence on Murabahah Financing, (2) the influence of CAR has a positive but insignificant influence on Murabahah Financing, (3) the influence of ROA has a negative but significant influence on Murabahah Financing, (4) ICG is unable to moderate the relationship between NPF and FDR on Murabahah Financing, (5) ICG is able to moderate the relationship between CAR and ROA on Murabahah Financing.Conclusion: These results confirm that certain financial performance and sharia governance play an important role in influencing the distribution of murabahah financing in Sharia Commercial Banks in Indonesia.
Bibliometric Analysis of 14 Years of Research on Islamic Grameen Replicator Institutions in Indonesia Fiqih Afriadi; Uswatun Chasanah
JESI (Jurnal Ekonomi Syariah Indonesia) Vol. 15 No. 1 (2025)
Publisher : Universitas Alma Ata

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21927/jesi.2025.15(1).38-59

Abstract

Introduction : This study examines the development of academic literature on Islamic Grameen Replicator institutions in Indonesia using a bibliometric analysis approach. The Islamic Grameen Replicator, which integrates Islamic finance principles with the Grameen model, has become increasingly relevant in efforts to empower low-income communities.Research Methods : The method employed in this study is a systematic literature review using VOSviewer software as the primary analytical tool. A total of 386 scholarly publications from 2009 to 2022 were collected from four major databases—Scopus, Google Scholar, CrossRef, and ProQuest—covering 21 Islamic Grameen Replicator institutions.Findings/Results : The results indicate a consistent upward trend in publications, with Micro Wakaf Bank (29%) and BTPN Syariah (18%) identified as the most frequently studied institutions. Airlangga University contributed the most to this body of work, and Jurnal Ekonomi Syariah Teori dan Terapan emerged as the most cited journal. Thematic analysis revealed four dominant areas of focus: financial services products, social performance, financial performance, and institutional management. Keyword co-occurrence analysis showed distinctive emphases across institutions, such as empowerment and qardhul hasan for BWM, and financial ratios and murabaha for BTPN Syariah.Conclusion : The study reveals a significant rise in literature on Islamic Grameen Replicators in Indonesia from 2009 to 2022, with BWM (29%) and BTPN Syariah (18%) as primary focuses. Research on BWM emphasized empowerment and qardhul hasan, while BTPN Syariah centered on financial ratios and murabaha financing, with financing-related topics dominating most publications.