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El-Barka: Journal of Islamic Economics and Business
Published by Institut Agama Islam Negeri Ponorogo
ISSN : 26571153     EISSN : 26571862     DOI : -
Core Subject : Economy, Social,
Economics, Econometrics & Finance Social Sciences
El Barka is a semiannual journal published by the Faculty of Islamic Economics and Business IAIN Ponorogo and cooperate with Ikatan Ahli Ekonomi Islam Indonesia (IAEI). El Barka accepts original scientific writings that have never been published in the field of economics, islamics economics and business, including conceptual thoughts, research reports, case reports, application of theory, critical studies and literature reviews.
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Articles 7 Documents
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Search results for , issue "Vol. 8 No. 2 (2025)" : 7 Documents clear
Exploring the Drivers of Halal Certification Adoption in Depok City’s MSMEs for Sustainable Economic Empowerment Suko Wiryanto, Fadhli; Anwar Fathoni , Muhammad; Azka Karimah , Diva
El-Barka Journal of Islamic Economics and Business Vol. 8 No. 2 (2025)
Publisher : El-Barka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/elbarka.v8i2.11872

Abstract

Indonesia has achieved positive results in the world halal food sector in the SGIER, that Indonesia can compete in the global halal food, which will also have an impact on improving the sustainable economy in the halal food sector. Indonesia, through the Halal Product Guarantee Agency, implemented a mandatory halal certification program. This was implemented especially Micro, Small, and Medium Enterprises, can compete in providing halal-certified products. However, behind this achievement, it was found that the reality of halal certificate issuance in Depok have not made significant contribution to national achievements, namely only 6.05%. MSMEs as one of the pillars of the economy play a vital and significant role in contributing to state revenue. On the other hand, the Government requires halal certification for food and beverage products produced by micro, small, and medium enterprises until the deadline of October 2026. However, the proportion of MSMEs that have obtained halal certification is still relatively low when compared to the total number of MSMEs operating in Depok. This research uses a quantitative method by distributing questionnaires to respondents. Data will be processed using PLS, outer models, and inner models. The results of this study indicate that religiosity, halal literacy, and perceived benefits influence the interest in applying for halal certification. Religiosity influences interest in applying for halal certification due to the belief that selling halal products will encourage business owners to operate their businesses in accordance with religious principles. Halal literacy also influences interest in applying for halal certification among MSMEs in Depok City because a strong understanding encourages business owners to meet the needs of Muslim consumers more responsibly. Perceived benefits also play a role because halal certification serves not only as proof of halalness but also as a strategy to increase consumer loyalty.
The Influence of Trade in Services, Inflation, and Foreign Direct Investment on the Sharia Stock Index: A Case Study in Indonesia and Malaysia Lazuardi, Deris; Nur Asiyah, Binti
El-Barka Journal of Islamic Economics and Business Vol. 8 No. 2 (2025)
Publisher : El-Barka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/elbarka.v8i2.12038

Abstract

Abstract: Fluctuations in the prices of sharia-compliant stocks in the capital market are statistically reflected by the sharia stock index. The objective of this study is to analyze the effect of trade in services, inflation, and foreign direct investment (FDI) on the sharia stock index in Indonesia and Malaysia during the period 2011-2023. The researcher in this study used a quantitative method and the data source used was secondary data. The results of the study indicate that, partially, the service trade (trade in services) variable has a positive and significant effect on the sharia stock index, but partially, the inflation and foreign direct investment variables do not have an effect and are not significant on the sharia stock index. Meanwhile, simultaneously, the variables of services trade, inflation, and foreign direct investment have a positive and significant effect on the sharia stock index. The adj. R² value is 89%, meaning that the variables of services trade, inflation, and foreign direct investment can explain 89% of the sharia stock index, and all variables have a very good influence, as the R-squared (R2) value is 91%.
Islamic Ethics and Sustainability in Supply Chain Restructuring Amid Geopolitical Disruption: A Bibliometric Analysis Using SPAR-4-SLR Mudrikah, Azizah
El-Barka Journal of Islamic Economics and Business Vol. 8 No. 2 (2025)
Publisher : El-Barka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/elbarka.v8i2.12089

Abstract

In the context of intensifying geopolitical disruptions—from wars and pandemics to resource nationalism and trade sanctions—supply chains have become increasingly fragile and ethically contested. This study investigates the intersection of Islamic ethics and sustainability in supply chain restructuring, with a particular focus on halal and faith-based systems. Using the SPAR-4-SLR protocol and bibliometric tools such as Biblioshiny and VOSviewer, we systematically analyzed 58 peer-reviewed journal articles published between 2010 and 2025, sourced from Scopus, Dimensions, and Google Scholar. The study maps thematic evolutions, key authors, research clusters, and citation patterns. It identifies how core Islamic ethical values—such as ʿadl (justice), amānah (trust), iḥsān (excellence), and maqāṣid al-sharīʿah (objectives of Islamic law)—serve as moral anchors in guiding resilient, transparent, and socially responsible supply chains. Halal traceability, blockchain integration, and green logistics emerged as recurring focal points. Furthermore, the findings emphasize the role of spiritual leadership and Islamic governance models in enhancing supply chain integrity amid crises.
Islamic Social Finance and Institutional Accountability: A Case Study of Zakat and Philanthropic Organizations Prasetiyo, Luhur; Janah, Unun Roudlotul; Nisak, Khoirun
El-Barka Journal of Islamic Economics and Business Vol. 8 No. 2 (2025)
Publisher : El-Barka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/elbarka.v8i2.11973

Abstract

Islamic Social Finance (ISF) significantly promotes social welfare, poverty alleviation, and inclusive economic development, particularly in Muslim-majority countries like Indonesia. This study investigates institutional accountability within Islamic philanthropic organizations managing Zakat, Infaq, Sadaqah, and Waqf (ZISWAF) in Ponorogo, Indonesia. Addressing gaps in the literature that mostly focus on national or international levels, this study emphasizes local governance challenges, the relationship between accountability and public trust, and the need for a Sharia-based accountability model. Employing a qualitative case study approach, data were collected through in-depth interviews, participant observation, and document analysis involving five Islamic philanthropic institutions. Thematic analysis revealed significant variations in financial accountability, Sharia compliance, and social accountability across institutions, highlighting the critical role of transparent reporting, external audits, and community engagement in enhancing public trust. The study proposes an integrated accountability model encompassing financial, Sharia, and social dimensions, advocating for enhanced digitalization, standardized Sharia audits, and improved public literacy to optimize ZISWAF fund management. These findings contribute to the theoretical discourse on Islamic social finance and provide practical recommendations for policymakers and practitioners aiming to strengthen institutional accountability and advance sustainable development goals.
How Leadership and Quality of Work Life (QWL) Drive Employee Performance in Public Hospitals Mardayanti, Mella; Myas Sari, Fangela; Rahmadi Hasibuan, Reza; Priatiningsih, Dian
El-Barka Journal of Islamic Economics and Business Vol. 8 No. 2 (2025)
Publisher : El-Barka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/elbarka.v8i2.12190

Abstract

This study investigates how leadership and quality of work life contribute to improving employee performance in public hospitals, with a case study at RS QIM Batang, Central Java. The research focuses on employees working in the service department. A causal-associative quantitative design was employed, involving 100 respondents selected from a total population of 237 employees through stratified random sampling. Data were analyzed using the Structural Equation Modeling (SEM) approach with WarpPLS 8.0 software. The results indicate that leadership positively and significantly affects employee performance. Likewise, the quality of work life shows a positive and significant relationship with performance, while organizational commitment has a positive yet the quality of work life (QWL) has a statistically insignificant yet contextually relevant influence on employee performance at RS QIM Batang, reflecting the need for stronger alignment with Islamic work values.
The Utilization of Zakat Funds to Improve the Welfare of Mustahik: An Analysis of the BAZNAS South Sumatra Zmart Program Rahim, Rika; Sumantri, Rinol; Sahroni, Abdullah
El-Barka Journal of Islamic Economics and Business Vol. 8 No. 2 (2025)
Publisher : El-Barka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/elbarka.v8i2.12117

Abstract

This study aims to analyze the utilization of zakat funds in improving the welfare of mustahik through the Zmart program managed by the National Zakat Agency (BAZNAS) of South Sumatra Province. The research uses a qualitative method with a case study approach. Data were collected through interviews, observations, and documentation from both primary and secondary sources. The findings indicate that the Zmart program has a positive impact on improving the welfare of mustahik, particularly in increasing income, enhancing business skills, and fostering economic independence. The utilization of zakat funds through the Zmart program is proven to contribute to poverty reduction and economic empowerment. These results imply that productive zakat distribution can be an effective instrument for sustainable community welfare development.
Learning from the Bangladeshi Islamic Microfinance Model for Sharia Microfinance Development in Indonesia Nur Azizah, Adinda Rizqi; Wahyudi, Amin; Ahmad, Raisha Salisa
El-Barka Journal of Islamic Economics and Business Vol. 8 No. 2 (2025)
Publisher : El-Barka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/elbarka.v8i2.12329

Abstract

The extreme institutional fragmentation of Indonesia's 4,500+ BMT units has led to an inability to achieve economies of scale despite serving 3.7 million customers with assets of Rp 16 trillion, while the Bangladesh centric bank model (RDS-IBBL) serves 520,000 members with high efficiency but at the expense of social closeness, creating a trade-off of efficiency versus embeddedness that requires systematic investigation. The research uses a comparative qualitative method by analyzing academic literature 2008-2025, institutional reports (UNDP, Bangladesh Bank, OJK, LAZ), and regulatory documents through comparative descriptive analysis of six dimensions with multi-source triangulation validity. Empirical findings show that the Bangladesh bank-centric model achieved a recovery rate of >95% and increased the income of 72% of participants, while the Indonesian community-based model had a recovery rate of 85-90% but was resilient during the 1997-1998 crisis, with a dominance of 70-80% in both countries, explained five factors: transaction cost economics, extreme information asymmetry, institutional path dependency, regulatory constraints, and customer preference for certainty. The theoretical contribution validates the path dependency theory that institutional design shaped by historical trajectories is different (the legacy of the Grameen Bank versus the tradition of mutual cooperation) and rejects the assumption of convergence by proving persistent diversity that is context-dependent. The policy implications include five recommendations: a national apex body BMT for shared services while preserving local autonomy; Sharia Microfinance Academy with a target of 5,000 certified professionals in 5 years; harmonization of OJK regulations, Ministry of Cooperatives, Ministry of Religion; dual-track financing strategy to increase PLS proportion from <20% to 40% in 5 years; and the Structured Waqf Zakat Microfinance Integration Model Graduated Approach (70-80% Mustahiq to become muzakki in 2-3 years), requires a national coordination framework to transform the MFI ecosystem from atomistic fragmented to networked professionals to contribute optimally to the SDGs.

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