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Contact Name
Husna Ni'matul Ulya
Contact Email
husnaulya8586@gmail.com
Phone
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Journal Mail Official
elbarka@iainponorogo.ac.id
Editorial Address
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Location
Kab. ponorogo,
Jawa timur
INDONESIA
El-Barka: Journal of Islamic Economics and Business
ISSN : 26571153     EISSN : 26571862     DOI : -
Core Subject : Economy, Social,
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.
Arjuna Subject : -
Articles 142 Documents
Board Gender Diversity and Stock Liquidity Setiawan, Rahmat; Shafiyah Azzahrah, Annisa’ush; Rahmawati, Setia Dwi Ratna
El-Barka Journal of Islamic Economics and Business Vol. 6 No. 1 (2023)
Publisher : El-Barka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/elbarka.v6i1.6265

Abstract

This study aims to examine the impact of gender diversity on the board of commissioners and the board of directors on stock liquidity in manufacturing companies listed on the Indonesia Stock Exchange. The research employs a multiple linear regression model. Data were obtained from the companies' financial statements published between 2014 and 2016, as well as from stock trading publications on Yahoo Finance. The independent variables used are gender diversity on the board of commissioners, measured by the ratio of female members on the board of commissioners, and gender diversity on the board of directors, measured by the ratio of female members on the board of directors. The dependent variable in this study is stock liquidity, measured using the Illiquidity Ratio. The results of the study indicate that both gender diversity on the board of commissioners and the board of directors has a significant positive effect on stock liquidity.
Can the Halal and CHSE Certificate Improve the Intention Visit to the Restaurant?: Empirical Studies in Halal Restaurant in Tourism Area Lombok Island rofiqo, azidni; Humaidi, Muchtim
El-Barka Journal of Islamic Economics and Business Vol. 7 No. 2 (2024)
Publisher : El-Barka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/elbarka.v7i2.7083

Abstract

This study aims to investigate the effect of CHSE and Halal certification on tourist intentions to visit halal restaurants in the halal tourism area of Lombok Island. It is crucial as it represents the first comprehensive investigation into the interaction between CHSE certification and halal certification in the context of behavioral studies. This study uses a quantitative approach, namely the structural equation model-partial least square with a Likert scale survey with a total of 100 Muslim tourists as respondents. The findings of this study indicate that CHSE certification does not exert a direct influence on intention; however, it does impact intention indirectly through the mediation of trust. In contrast, halal certification demonstrates a significant positive effect on tourist intentions, both directly and indirectly, with trust serving as a mediating variable. This research recommends that the government continue promoting CHSE and halal certification among halal tourism entrepreneurs. Additionally, given the limited sample size of respondents in this study, future research should aim to encompass a broader demographic across Indonesia.
The Influence of Organizational Culture and Communication on Employee Performance: The Role of Interactional Justice as A Mediation Variable Pertiwiningsih, Ana; Rozikan, Rozikan
El-Barka Journal of Islamic Economics and Business Vol. 7 No. 2 (2024)
Publisher : El-Barka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/elbarka.v7i2.8674

Abstract

Human Resources (HR) is an important aspect of realizing organizational goals. Human resources who are qualified and competent in carrying out their work will make the resulting productivity achieve high performance. One way to increase company productivity is to pay attention to organizational cultures, communication, and interactional justice on employee performance. This research aims to examine the influence of organizational culture and communication patterns on employee performance with interactional justice as a mediating variable. The study in this research is BMT BIF DIY. This research is quantitative research. The sample used in the research was all BMT BIF DIY employees, totaling 78 respondents obtained using the non-probability sampling method. Data were collected using a questionnaire and analyzed using SmartPLS software version 3.2.9. The results of this research show that there is a positive influence between organizational culture on interactional justice, communication patterns have no effect on interactional justice, interactional justice has a positive effect on employee performance, interactional justice can mediate the influence of organizational culture on employee performance, and interactional justice is unable to mediate communication patterns on employee performance. Based on the results of this research, the management of BMT BIF DIY must be able to develop an attitude of mutual respect between each other so that they will feel comfortable at work, thereby increasing a good culture of justice
The Role of Social Capital in Business Survival: A Study on Angkringan Businesses in Ponorogo Khusniati Rofiah; Ilma, Mughniatul
El-Barka Journal of Islamic Economics and Business Vol. 7 No. 2 (2024)
Publisher : El-Barka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/elbarka.v4i22.9706

Abstract

In the beginning, the business needed only more financial capital. However, now, social capital is also vital in building a business. One business model that only requires a little financial capital but needs social capital is the angkringan business. Angkringan business in the Ir. H. Juanda Street area of Ponorogo is currently increasing. The survival of the angkringan business must be connected to the role of the Juanda Zone Perpek-5 Association, which houses the cooperative network between traders. This study aims to reveal how the form of social capital is used and the implications of social capital on the survival of angering businesses. This research is qualitative, with the type of field study research that uses a phenomenological approach and an interdisciplinary approach that utilises economics and social sciences. The results showed five forms of social capital employed in the angkringan business: networking, reciprocity, trust, norms and values, and proactive action. Second, using these forms of social capital has significant implications for the survival of the angkringan business, including capital, human resources, production, and marketing. At the same time, three kinds of strategies are used: active, passive, and network. Of the three methods, the network strategy is the primary strategy that will determine the survival of the angkringan business.
Unraveling the Epistemology of Islamic Economics: Insights from Abdul Hamid Ahmed Abu Sulayman's Thought Ismail, Nurizal; Siti Aisyah
El-Barka Journal of Islamic Economics and Business Vol. 7 No. 2 (2024)
Publisher : El-Barka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/elbarka.v7i2.9960

Abstract

Epistemology of Islamic economics from the thought of Abu Hamid Sulayman is important to be studied as one of the Muslim prominent thinkers in the Islamization of Knowledge (Iok). Research Methods: The study adopts a qualitative methodology, employing thematic analysis to explore Abdul Hamid Ahmed Abu Sulayman's economic ideas as presented in his works on the epistemology of Islamic economics. Results: The study indicated that AbuSulayman's thought of Islamic economics revolves around an epistemological structure based on Islamization of knowledge framework. Conclusion: AbuSulayman's proposal for Islamic economics adopts an epistemological approach rooted in the Islamic worldview, utilizing the Islamization of knowledge framework, specifically asalah wal mu'asirah.
The Role of Political Stability in Foreign Investment Flows: Empirical Evidence from OIC Countries Abdullah; Aisah, Laras; Basri
El-Barka Journal of Islamic Economics and Business Vol. 7 No. 2 (2024)
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Abstract

This study aims to identify the determinants influencing foreign investment flows in the Organization of Islamic Cooperation (OIC) countries and to directly analyze the moderating effect of political stability. The research utilizes secondary data from 50 OIC countries covering the period from 2012 to 2022. The study adopts the Generalized Method of Moments (GMM) estimation technique to analyze the data. The findings reveal that inflation has a significant positive effect on foreign investment flows. Meanwhile, interest rates, labor force participation, and the Human Development Index (HDI) have significant yet non-positive effects. The HDI variable has a negative and insignificant effect. Furthermore, the political stability variable is able to strengthen the moderating influence of the interest rate on foreign direct investment, except for the inflation, labor force, exchange rate, and human development index variables. The conclusion, by incorporating the impact of political stability, governments can reduce political risks faced by investors and enhance their countries' attractiveness as credible investment destinations.
Factors Influencing Students’ Interest in Becoming Baznas Amil Viska, Wafiroh Wati Viskadani; Parwi, Suparwi
El-Barka Journal of Islamic Economics and Business Vol. 7 No. 2 (2024)
Publisher : El-Barka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/elbarka.v7i2.10232

Abstract

This study aims to examine the factors influencing students’ interest in becoming BAZNAS Amil among the students of the Faculty of Islamic Economics and Business at IAIN Kudus. The sample consisted of 100 students selected using a purposive sampling technique. Data analysis was conducted using multiple linear regression analysis with SPSS software version 26. The results show that, partially, labor market opportunities, social influence, and income have a positive and significant effect on the interest of students in the Faculty of Islamic Economics and Business at IAIN Kudus to become BAZNAS Amil. Conversely, motivation and religiosity do not have a significant partial effect on students’ interest. Simultaneously, labor market opportunities, social influence, income, motivation, and religiosity positively and significantly influence students’ interest in becoming BAZNAS Amil. This research contributes to zakat management by identifying factors that can enhance the interest of young generations, particularly students, in contributing as zakat administrators (Amil). The findings are expected to serve as a reference for BAZNAS in designing more effective recruitment strategies that align with the needs of the younger generation.
The Low-Carbon Economy: A Study of Distributive, Procedural and Corrective Justice Ulya, Husna Ni’matul; Ridwan, Mohammad; Nur Mahmudah, Siti
El-Barka Journal of Islamic Economics and Business Vol. 7 No. 2 (2024)
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Abstract

Rapid economic development has significantly impacted the environment, particularly through carbon emissions, threatening human survival. Indonesia, a major global emitter, aims to achieve net-zero carbon emissions by 2060 through a low-carbon economy plan. Justice, a key Islamic principle, is essential in this transition to ensure both worldly and spiritual welfare. This study analyzes the integration of distributive, procedural, and corrective justice in Indonesia's low-carbon economy policies. Using a qualitative critical approach and literature review of policy documents, academic studies, and government reports, the study identifies the role of justice in low-carbon development. Findings reveal that distributive justice demands equitable access to renewable energy resources and subsidies for low-income households. Procedural justice underscores the need for transparency and public participation, as seen in the inclusive formulation of Indonesia's Enhanced Nationally Determined Contributions (ENDC). Corrective justice involves compensatory measures, including job retraining for coal industry workers and ecosystem restoration in deforested areas. The study concludes that achieving justice in a low-carbon economy requires equitable benefit distribution and the prevention of marginalization. Transparent, participatory policies are crucial to address socio-economic impacts while promoting sustainable development. This approach aligns with Islamic values, advocating for balance between individual and societal welfare in transitioning to a low-carbon economy.
The Role of Cash Waqf Linked Sukuk based on Mudarabah Contract (Trustee-Partnership) as MSME Capital Solution Humaidi, Muchtim; Syamsuri, Syamsuri; Khoirunnisa, Farah
El-Barka Journal of Islamic Economics and Business Vol. 6 No. 1 (2023)
Publisher : El-Barka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/elbarka.v6i1.3550

Abstract

This study tries to present a capital solution for MSMEs through the Cash Waqf Linked Sukuk instrument with a mudharabah contract. When viewed from Mandiri Institute data in June 2021 regarding the causes of MSMEs closing their businesses, the main factor was caused by business capital problems with the highest percentage of respondents, namely 45%. Based on these problems, waqf is considered the best mechanism for funding MSME projects. Moreover, waqf has been growing and giving birth to new innovations, namely the Cash Waqf Linked Sukuk (CWLS) program. It can be seen from the increase in the SW-001 series CWLS product with the use of investment returns that have succeeded in providing recovery to the BMM and SME programs by providing capital financing to 100 MSMEs. The method used in this research is descriptive qualitative with a library research approach. The data taken is secondary data in the form of readings sourced from books, magazines, or other sources from various literatures. This study found that cash waqf sukuk based on mudharabah contracts are not the same as mudharabah schemes in general. To solve the MSME capital problem, it is recommended to use the waqf link mudharabah model which can be carried out by synergizing between Islamic microfinance institutions that work together with social institutions or successful Muslim entrepreneurs/entrepreneurs. This social agency acts as a gathering place for MSMEs that need capital as well as a facilitator and supervisor to provide business training and assistance, including aspects of management and fiqh muamalah maaliyah.
The Relationship between Islamic Business Ethics and Customer Retention: Evidence from Sharia Bank in Ponorogo Susilo, Adib; Putra, Sadam Maherah Rofiqkhan; Arief, Suyoto; Lesmana, Meichio
El-Barka Journal of Islamic Economics and Business Vol. 6 No. 1 (2023)
Publisher : El-Barka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/elbarka.v6i1.3979

Abstract

Customer loyalty would lead to customer retention which in turn would lead to company profit. Sadly, the lack of customer awareness on sharia bank led them to the conclusion that Islamic bank is just the same with the conventional bank. Therefore, this paper is aimed to investigate the relationship between Islamic business ethics of Prophet Muhammad character on customer retention at sharia bank in Ponorogo. Moreover, the research on this field is still few to find. The method employs in this study is quantitative method with exploratory factor analysis (EFA) and multiple regression analysis. The respondent of this study is 129 from the customer of sharia bank in Ponorogo. The data was analysed through SPSS 20 tool. This study found that EFA result indicates that from 4 variables of hypotheses which is based from 4 praiseworthy attributes of the prophet namely, siddiq, tabligh, amanah, and fathanah emerged onto 3 variables namely siddiq, tablig, and fathanah due to amanah variable merged into sidiq variables. Meanwhile, regression analysis found that siddiq (X1), tabligh (X2), and fathanah (X3) partially and simultaneously influence the customer retention (Y). The influences of independent variables on dependent variable are about 65.1%. Further analysis in the future studies is suggested with additional variables such as religiosity or TPB and other variables. Moreover, structural equation modelling (SEM) analysis also suggested for future studies in order to achieve advanced results.

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