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Contact Name
Eny Latifah
Contact Email
eni.lathifah@gmail.com
Phone
+6285733553883
Journal Mail Official
almusthofa@iai-tabah.ac.id
Editorial Address
Program Studi Ekonomi Syariah, Fakultas Ekonomi dan Bisnis Islam, Institut Agama Islam Tarbiyatut Tholabah Jl. Deandles No.1 Kranji, Paciran, Lamongan 62264 Jawa Timur
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INDONESIA
Al-Musthofa: Journal of Sharia Economics
ISSN : 26221977     EISSN : 26547228     DOI : https://doi.org/10.123/1234
This journal contains writings of research results or theoretical studies related to sharia economics, sharia finance and sharia banking.This journal is published by the Faculty of Economics and Islamic Business IAI Tarbiyatut Tholabah Lamongan. This journal is published in 2 (two) editions every year, June and Desember editions.
Articles 89 Documents
Aplikasi Akad Musyarakah Mutanaqishah pada Produk Pembiayaan Mitraguna Online BSI Mobile Sa’idaturrohmah, Nur; Afifah Nuroini, Dina; Sulis Setiyawati, Putri; Rohmatul Umah, Shoffi; Wasifaul Qolbi, Syahroini
Al-Musthofa: Journal of Sharia Economics Vol. 8 No. 1 (2025): Al-Musthofa: Journal of Sharia Economics
Publisher : Program Studi Ekonomi Syariah Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Tarbiyatut Tholabah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58518/al-musthofa.v8i1.3947

Abstract

The aim of this research is to determine the application of the Musyarakah Mutanaqishah agreement to online partner financing via the BSI Mobile application. The research method used is a qualitative research method where this research is descriptive and tends to use analysis. The result of this research is online partner financing on the BSI Mobile application using the Musyarakah Mutanaqishah scheme where this contract is a collaboration between the customer and the bank and gradually the ownership portion of one party will be gradually purchased by the other party so that the ownership becomes one hundred percent.
Penetapan Imbalan dalam Sistem Samsarah pada Praktik Jual Beli Sapi Tinjauan Ekonomi Islam Linafsi, Muzahadatul; Hasanah, Niswatun; M. Shaiful Umam
Al-Musthofa: Journal of Sharia Economics Vol. 8 No. 1 (2025): Al-Musthofa: Journal of Sharia Economics
Publisher : Program Studi Ekonomi Syariah Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Tarbiyatut Tholabah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58518/al-musthofa.v8i1.3948

Abstract

This study aims to analyze the implementation of the samsarah system in the practice of buying and selling cattle in Petiyin Hamlet, Wadeng Village, Sidayu Subdistrict, Gresik Regency, and review the determination of compensation from an Islamic economic perspective. This research uses a qualitative approach with a field research method to explore data in depth. The results showed that the samsarah system facilitates cooperation between farmers, brokers, and buyers, with the brokers acting as liaisons. The determination of the reward is often based on the sincerity of the cattle owner after the sale, usually half of the profit from the sale of the cattle, although it is in line with sharia principles, but transparency and certainty need to be improved. This practice is generally in line with Islamic economic principles that emphasize justice, moral responsibility, and transparency, and does not contain elements of usury or gharar. This study concludes that the samsarah system has the potential to continue to be developed by paying attention to the principles of Islamic economics to make it more fair and transparent.
Pemetaan Bibliometrik Kajian Search Engine Optimization (SEO) dalam Strategi Pemasaran Digital Siswoyo; Nur Hidayatul Istiqomah; Diana Nur Indah Purnamasari
Al-Musthofa: Journal of Sharia Economics Vol. 8 No. 1 (2025): Al-Musthofa: Journal of Sharia Economics
Publisher : Program Studi Ekonomi Syariah Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Tarbiyatut Tholabah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58518/al-musthofa.v8i1.3950

Abstract

Digital transformation has fundamentally reshaped the marketing landscape, driving the adoption of technology-based strategies such as SEO to enhance online visibility and the effectiveness of marketing communication. However, as the number of scholarly publications discussing SEO within the context of digital marketing continues to grow, a systematic mapping is needed to understand the directions, trends, and patterns of research collaboration that are emerging. This study aims to conduct a bibliometric analysis of scientific literature examining SEO as part of digital marketing strategy. The method employed is a Systematic Literature Review (SLR) using the PRISMA approach, involving 27 articles published between 2019 and 2025. The analysis reveals that SEO occupies a central role in digital marketing discourse, closely linked to terms such as digital marketing strategy, website, and user engagement. Thematic clustering indicates a diversity of research approaches, covering technical, strategic, and conceptual dimensions. Temporal visualization also shows a significant increase in SEO-related publications in recent years, driven by its integration with technologies like machine learning and growing attention to user experience. In the context of Islamic economics, these findings open up opportunities to develop SEO strategies that are not only technically effective but also aligned with Sharia principles such as honesty, justice, and the promotion of halal products enabling digital marketing to be conducted ethically and contributing to the strengthening of the Islamic economic ecosystem in the digital realm.
Penguatan Filantropi Islam pada Santri dengan Kupon Shadaqah dan Wakaf Rif’ah, Sifwatir; Muawanah , Rifatul
Al-Musthofa: Journal of Sharia Economics Vol. 8 No. 1 (2025): Al-Musthofa: Journal of Sharia Economics
Publisher : Program Studi Ekonomi Syariah Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Tarbiyatut Tholabah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58518/al-musthofa.v8i1.3965

Abstract

The purpose of this study was to examine the role of sedekah and waqf coupons as a medium for strengthening Islamic philanthropy for students. The method that the author uses in this study is a qualitative descriptive method using SWOT analysis. The results of this study are sedekah and waqf coupons are able to increase Islamic philanthropy in the students so as to create prosperity in life and be able to help improve the development of the Islamic economy.
Peran Analisis Swot dalam Upaya Penyusunan Strategi Bisnis Usaha Kecil dan Menengah di Kabupaten Tuban Siswoyo; Nur Hidayatul Istiqomah
Al-Musthofa: Journal of Sharia Economics Vol. 8 No. 1 (2025): Al-Musthofa: Journal of Sharia Economics
Publisher : Program Studi Ekonomi Syariah Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Tarbiyatut Tholabah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58518/al-musthofa.v8i1.3966

Abstract

The industrial revolution encourages individuals to think critically and creatively in implementing entrepreneurship, especially through micro, small, and medium enterprises (UMKM), which are currently promising business potential. The rapid growth of UMKM increases competition in Tuban Regency, encouraging the need for a business strategy that can provide a competitive advantage. This qualitative research uses interviews and literature studies to gather appropriate facts. Results of the analysis SWOT shows that UMKM in Tuban Regency are in Quadrant I, indicating a great opportunity that can be utilized with their strengths. The implemented strategy supports aggressive growth, allowing UMKM to maximize their potential in taking opportunities and competing effectively with other competitors.
Islamic Corporate Governance sebagai Moderasi: Pengaruh Dividend Per Share, Managerial Ownership dan Struktur Modal terhadap Stock Price : (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Indeks Saham Syariah Indonesia (ISSI) Periode 2020-2023 Hamidatul Khoiriyah; Yusvita Nena Arinta
Al-Musthofa: Journal of Sharia Economics Vol. 8 No. 1 (2025): Al-Musthofa: Journal of Sharia Economics
Publisher : Program Studi Ekonomi Syariah Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Tarbiyatut Tholabah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58518/al-musthofa.v8i1.3967

Abstract

This research aims to analyze and know the effect of dividend per share, managerial ownership and capital structure variables on stock price and the role of Islamic corporate governance as a moderating variable. This research uses a quantitative approach with panel data obtained from the secondary data of each company's annual report, the sample in this research amounted to 46 companies that fit the criteria multiplied by 4 years of observation so that a population of 184 manufacturing companies listed on the Indonesian Sharia Stock Index for the period 2020-2023 was obtained, with the Eviews 12 tool, The results obtained dividends per share and managerial ownership have a positive and significant effect on stock price, while capital structure has a negative and insignificant effect on stock price. The moderating role of Islamic corporate governance is able to moderate the effect of dividend per share and managerial ownership on stock price but is unable to moderate capital structure on stock price.
Analisis Ekonomi Islam Terhadap Peran Strategis PT Eastern Logistics Shorbase Lamongan dalam Rantai Pasok Nasional Ahmad Badrut Tamam; Moh Afthon Ilman Huda; Ummul Karomah
Al-Musthofa: Journal of Sharia Economics Vol. 8 No. 1 (2025): Al-Musthofa: Journal of Sharia Economics
Publisher : Program Studi Ekonomi Syariah Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Tarbiyatut Tholabah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58518/al-musthofa.v8i1.3968

Abstract

Indonesia, an archipelago, faces complex logistics challenges, resulting in high domestic logistics costs (14-30% of GDP) and a declining Logistics Performance Index (LPI). This study aims to deeply describe the strategic role of PT Eastern Logistics Shorebase (ELS) Lamongan in the national supply chain. Using a qualitative descriptive approach with data collected through in-depth interviews, direct observation, and documentation, and analyzed using the Miles and Huberman model (data reduction, data display, conclusion drawing), the research highlights ELS's significant contributions. The findings reveal that ELS, a world-class shuttle-classer facility in Lamongan, East Java, acts as a crucial offshore-onshore logistics hub. It significantly reduces distribution costs and time (saving over IDR 100 billion in five years for oil and gas operations), integrates multimodal logistics through IT-based systems, and fosters strategic collaborations with national stakeholders like SKK Migas and Pertamina. Furthermore, an Islamic economic analysis demonstrates that ELS's operations align with Sharia principles, emphasizing efficiency (iqtishad), equitable distribution (adl), collaboration (ta’awun), innovation (itqan), and public welfare (maslahah). ELS serves as a model for regional logistics development, enhancing inter-island connectivity, relieving pressure on major ports, and accelerating the equitable distribution of national logistics infrastructure, proving that efficient and profitable economic activities can align with Sharia principles for the greater good.
Pengaruh E-Commerce dan Pendidikan Kewirausahaaan Syariah Terhadap Minat Berwirausaha pada Mahasiswa Afifah Putri Wardana; Abiyajid Bustami
Al-Musthofa: Journal of Sharia Economics Vol. 8 No. 1 (2025): Al-Musthofa: Journal of Sharia Economics
Publisher : Program Studi Ekonomi Syariah Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Tarbiyatut Tholabah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58518/al-musthofa.v8i1.3969

Abstract

The high unemployment rate among Generation Z in Indonesia has created an urgency to promote entrepreneurship as an alternative solution, particularly through the utilization of e-commerce and Sharia entrepreneurship education. This study aims to determine the influence of e-commerce and entrepreneurship education on entrepreneurial interest among Sharia Economics students at Mulawarman University who utilize e-commerce and have taken the entrepreneurship course. This research employs a quantitative method. Data were collected via a questionnaire using Google Forms. The data analysis techniques include testing the validity and reliability of the instrument, classical assumption tests (normality, multicollinearity, and heteroscedasticity), and multiple linear regression analysis with hypothesis testing through partial t-tests. The results show that the e-commerce variable has a positive and significant effect on entrepreneurial interest. Likewise, the Sharia entrepreneurship education variable is proven to have a positive and significant influence on students’ entrepreneurial interest. This indicates the importance of integrating technology and Sharia entrepreneurial values in shaping independent and ethical entrepreneurial character.
Efektivitas Wakaf Produktif sebagai Instrumen Keuangan Sosial Islam: Perspektif Hukum Islam Ahmad Masyhadi; Moh. Sahlul Khuluq; M. Mar’il Farochi
Al-Musthofa: Journal of Sharia Economics Vol. 8 No. 1 (2025): Al-Musthofa: Journal of Sharia Economics
Publisher : Program Studi Ekonomi Syariah Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Tarbiyatut Tholabah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58518/al-musthofa.v8i1.3971

Abstract

Productive waqf has become a significant social finance instrument in supporting economic development and social welfare among Muslims. This study aims to evaluate the effectiveness of productive waqf as an Islamic social financial instrument from the perspective of Islamic law. This study uses a qualitative approach with a descriptive-analytical method. The results of the study show that productive waqf, which is managed professionally and in accordance with sharia principles, has great potential to make a significant contribution to social welfare. This study concludes that productive waqf has great potential to become a source of sustainable funding that supports social, educational, and health programs, as well as empowering the community's economy