cover
Contact Name
Dr. Muh. Salahuddin
Contact Email
muhsalahuddin@uinmataram.ac.id
Phone
+6287765688800
Journal Mail Official
jed@uinmataram.ac.id
Editorial Address
Jl. Pendidikan No. 35 Mataram Gedung Fakultas Ekonomi dan Bisnis Islam UIN Mataram
Location
Kota mataram,
Nusa tenggara barat
INDONESIA
Journal of Enterprise and Development (JED)
ISSN : 27153118     EISSN : 26858258     DOI : https://doi.org/10.20414/jed
Core Subject : Economy,
The Journal of Enterprise and Development (JED) is published by the Faculty of Islamic Economics and Business, Mataram Islamic State University. The scope of JED includes tourism, finance, economics, business and entrepreneurship. JED focuses on theoretical and applied research from all fields in tourism, finance, economics, business and entrepreneurial studies.
Articles 442 Documents
Financial liberalization and economic growth in the ECOWAS Sub-Region Igbinovia, Eghosa Lawson; Igbinovia, Ikponmwosa Michael
Journal of Enterprise and Development (JED) Vol. 5 No. 2 (2023): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v5i2.6944

Abstract

Purpose — The study examines the nexus between financial liberalization and the economic growth of ECOWAS member states.Method — The longitudinal and latitudinal survey research design (expo-facto) is used in this study. Data are sourced from the World Bank and IMF Data Set for 2012-2020 and employed panel co-integration and system GMM for analyses.Result — We found that financial liberalization significantly impacts the economic growth of selected ECOWAS member countries. Similarly, the domestic economy's openness significantly impacts economic growth. While financial development exerts a positive impact, exchange rate and inflation negatively impact economic growth, the impact of interest rate is positive but insignificant.Contribution — The study provides cross-country evidence on the empirical nexus between financial liberalization and the economic growth from ECOWAS member states. To the best of authors’ knowledge, the study is one of the few studies on cross-country financial liberalization and the economic growth and used the panel data regression analysis. By this, the study covers a methodological gap, using a technique that can account for endogeneity and omitted variable problem.
Benefit and harm of cryptocurrency as the official currency of a state Darmawansyah, Trisna Taufik; Polindi, Miko; Fitriani, Putri Diesy; Aguspriyani, Yani; Setiadi, Rezky Mehta; Sanawi, Sanawi
Journal of Enterprise and Development (JED) Vol. 5 No. Special-Issue-1 (2023): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Purpose — The paper highlights two different opinions among scholars regarding the permissibility of cryptocurrency and explores the factors that contribute to these opinions. Additionally, the article discusses the potential risks associated with cryptocurrency, such as the lack of intrinsic value and the potential for use in illegal activities. Overall, the article seeks to provide insights into the Shariah perspective on cryptocurrency and its potential impact on the financial industry.Method — In conducting a SWOT (strengths, weaknesses, opportunities, and threats) analysis on cryptocurrency, the author gathered data from previous studies, literature in English, Indonesian, and Arabic. Then, the data collected through the SWOT analysis was analyzed using the principles of mashlahah and mafsadah and the principles of maqasid al-shariah. The appropriate method for analyzing data in this study is secondary data analysis.Result — Cryptocurrency is an innovation that has never happened before, especially in the financial world. Cryptocurrency brings many benefits but also brings losses, as evidenced by the weakness of the system and external activities. Based on the SWOT analysis, it appears that the losses or mafsadah tend to be more than the mashlahah, meaning that problems and conflicts will arise if cryptocurrency is used as the official currency of a country.Contribution — The paper makes an important academic contribution by using the Islamic concept of Maqashid al-Sharia, specifically the analysis of mashlahah (benefits) and mafsadah (harms), to evaluate the potential use of cryptocurrencies as national currencies.
Do celebrity endorsement, halal label, and Word of Mouth affect Millennials to purchase skincare? Sabita, Radia; Mardalis, Ahmad
Journal of Enterprise and Development (JED) Vol. 5 No. 2 (2023): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v5i2.6968

Abstract

Purpose — This study aims to investigate the impact of celebrity endorsement, halal labels, and Word of Mouth on the purchasing intention of skincare products among millennials.Method — This study employs a quantitative research methodology, utilizing non-probability purposive sampling technique to select a sample of 200 millennial respondents who have used Safi skincare products. The data collection method involves the use of a questionnaire distributed through Google Forms, which consists of primary data collected directly from the respondents. The research data is analyzed using outer model analysis and inner model, as part of the data processing procedures.Result — The study findings indicate an insignificant effect of celebrity endorsement and halal labels on the purchasing intention of skincare products among millennials, whereas the influence of Word of Mouth on purchasing intention is positively and significantly supported.Contribution — This study provides new and important insights into the preferences and behavior of millennial consumers in the skincare market.
Impact of loss of confidence in the UK on the domestic and global economy Ramadhan, Muhammad Rheza
Journal of Enterprise and Development (JED) Vol. 5 No. 2 (2023): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v5i2.6782

Abstract

Purpose — This research examines the effects of loss of confidence caused by tax cuts in the UK on the domestic and worldwide economies.Method — The G-Cubed model is used to simulate a 5% shock to risk premiums in the UK. G-Cubed is a multi-country, multisector, intertemporal general equilibrium model used to analyse a range of policies in international commerce, tax reform, and environmental regulation. Combining the finest elements of three study fields—econometric general equilibrium modelling, international trade theory, and contemporary macroeconomics—is intended to close the gaps between them.Result — UK currency surplus in non-shocked nations leads to exchange rate decline and capital flight, reducing the capital stock and raising interest rates. Loss of confidence prompts households to discount income, resulting in lower domestic consumption and increased savings, coupled with a decrease in private investment. The UK currency's decline improves net exports but eventually causes a drop in real GDP, with falling investment and consumption exceeding rising net exports. Capital outflows and depreciation lead to inflation, mainly in the short term. However, capital outflows from the UK benefit non-shocked countries by raising capital, investment, capital stock, consumption, and real GDP.Contribution — The present study contributes to the academic literature by offering novel insights into the impact of loss of confidence caused by tax cuts on the economies in both, the UK and other countries, by employing G-Cubed model.
Improving participatory community communication on halal tourism in Banten province using social evolution model Ummah, Syifa Mutiara; Hermansyah, Tantan; Nasichah, Nasichah
Journal of Enterprise and Development (JED) Vol. 5 No. Special-Issue-1 (2023): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

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Abstract

Purpose — Halal tourism has become a trending destination for the people of Indonesia, including the province of Banten, which has religious characteristics, varied types of tourism, an abundance of Islamic boarding schools, and a majority Muslim population. Low community participation communication causes obstacles to halal tourism destinations. The research aims to reduce barriers to halal tourism through participatory communication communities in Banten province with a social evolution approach.Method — The research uses qualitative methods with a grounded theory approach. Determination of the sample using purposive sampling, while the data source is obtained from interviews, literature, and documentation. Data analysis uses design thinking with triangulation techniques.Result — The research found that increasing halal tourism required participatory community communication with a social evolution approach, including increasing education on halal certification and LPPOM-MUI, building public awareness about halal tourism, and community involvement in halal tourism. The design thinking approach formulates solutions to improve participatory communication of the community regarding halal tourism through optimizing halal certification bodies, MUI, religious and social institutions, providing halal tourism awareness training, providing information and technology training, providing support for licensing, having effective social media, marketing, safety, and comfort due diligence, permits and certification, increasing halal tourism marketing, improving the safety and comfort. The research implies that higher participation in public communication towards halal tourism will reduce local governments' obstacles.Contribution — Research contributes to increasing the Banten community’s participation in halal tourism. The local government will support regulations and facilitate reducing obstacles to halal tourism.
The effect of the halal industry on the export of Indonesian halal products Sechan, Ivanna; Ihsan, Dwi Nur'aini; Ningsih, Prilla Kurnia
Journal of Enterprise and Development (JED) Vol. 5 No. Special-Issue-1 (2023): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

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Abstract

Purpose — To analyze the influence of the halal industry on the development of exports of halal products in Indonesia.Method — The type of data used in this research is quantitative and from secondary data sources. The research data was obtained from data from the Ministry of Industry and the Ministry of Trade of the Republic of Indonesia in the form of reports on the halal industry in Indonesia and exports of halal products in Indonesia for the 2015–2021 period.Result — The results of this study indicate that the halal quality of food and beverages, including export activities, has a major impact that can boost the economy. Muslim fashion has not had much of an impact on Indonesia's halal export growth due to intense competition from other countries and a lack of domestic fashion designers. Halal pharmaceutical and cosmetic products have a major impact on expanding exports of Indonesian halal products. As a result, this industry has a great opportunity to enter the world's halal cosmetic and pharmaceutical industries.Contribution — The halal industry's potential can be maximized even further in order to boost export value and reserve foreign exchange, making it one of the forces boosting Indonesia's economic growth.
Generation-Z and travelling interest in Tebing Tinggi Haratikka, Haya; Purba, Anita
Journal of Enterprise and Development (JED) Vol. 5 No. 3 (2023): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v5i3.7004

Abstract

Purpose — The aim of this research is to examine the interest of Generation-Z in travel by exploring the factors that influence their choice of tourism destination and reasons for traveling.Method — To collect data for this research, a qualitative method was employed whereby an open-ended online questionnaire was distributed to 71 individuals belonging to the Z generation in Tebing Tinggi City. We utilized thematic analysis as the technique to examine and analyze the data collected.Result — We found that Generation-Z has a psychological need for vacations to alleviate the stress caused by their numerous responsibilities. When traveling, they typically choose the closest and most renowned tourist destination in their area, without spending excessive amounts of money. Popular activities for them include searching for picturesque locations, experiencing local cuisine, and camping. To travel affordably and efficiently, Generation-Z often opts for private vehicles such as motorcycles or cars, which enable them to visit multiple places.Contribution — This study contributes to the body of knowledge on Generation-Z travel behavior and has implications for the tourism industry in terms of catering to this demographic's unique preferences and needs.
How to map Islamic banking research globally? Ferieka, Hendrieta; Hasanah, Irmatul
Journal of Enterprise and Development (JED) Vol. 5 No. Special-Issue-1 (2023): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

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Abstract

Purpose — This study aims to get a visual picture of the development of Islamic banking research globally from time to time. The theme of “Islamic Banking” is interesting to discuss because the principles of Islamic banking are based on the balance between well-being and prosperity, based on equality, risk-sharing, and ethical conduct, which makes Islamic banks different from conventional banks.Method — The type of research used in this study is descriptive quantitative research, which is based on literature by taking data sourced from Dimensions.ai which will then be analyzed using quantitative methods based on bibliographies from journals/or articles, using the help of the R-Biblioshiny application.Result — Research documents with the topic and keyword of “Islamic bank” still increasing every year. But the growth and development are just in certain countries, especially “Southeast Asia” in Asia. Based on the bibliometric, “Hassan MK and Sufian F” are “the most productive writers”. The most productive affiliates are “Islamic Azad University” followed by “International Islamic University Malaysia”. However, the dominant citation of the article with this subject is from “Finland”, namely “Gronroos C”.Contribution — This study visualized the trends in the most popular keywords, journals, and authors of articles on the theme of Islamic Banking, which has been quite a popular theme in recent years, thereby providing information for researchers specializing in the field of Islamic banking and finance research. This theme has the potential to continue to be developed.
Utilitarian, hedonic, and social values on e-commerce customer loyalty: mediating role of customer satisfaction Yusnara, Rendy Indra; Soepatini, Soepatini
Journal of Enterprise and Development (JED) Vol. 5 No. 2 (2023): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v5i2.7009

Abstract

Purpose — The objective of this research is to examine how utilitarian value, hedonic value, and social value influence customer loyalty in e-commerce, as well as to investigate whether customer satisfaction can serve as a mediator.Method — A quantitative research methodology was employed in this study, utilizing students from Soloraya as the population. The primary means of data collection was through the distribution of questionnaires, which were designed using a Likert scale. The study consisted of 105 respondents, and data analysis was conducted using Partial Least Squares (PLS) analysis with SMARTPLS software. PLS-SEM analysis comprises two models: an outer model and an inner model.Result — We found that utilitarian value, hedonic value, and social value had a positive and significant impact on customer loyalty, as well as customer satisfaction. Furthermore, utilitarian value, hedonic value, and social value were observed to have a positive and significant impact on customer satisfaction. In addition, the findings also indicate that customer satisfaction plays a mediating role in the relationship between utilitarian value, hedonic value, social value, and customer loyalty.Contribution — The present study provides valuable insights to the academic community by expanding knowledge in the marketing field, specifically with regards to the influence of utilitarian, hedonic, social value, and customer satisfaction on customer loyalty. Moreover, this study has the potential to make a significant contribution to the advancement of the e-commerce subsector in Indonesia by presenting novel and relevant information.
Blockchain zakat in zakat management organizations, is it necessary? Ikhsan, Nurul
Journal of Enterprise and Development (JED) Vol. 5 No. 3 (2023): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v5i3.7043

Abstract

Purpose — This paper aims to analyze whether zakat management organizations need a blockchain zakat system in maintaining transparency of zakat management which can have an impact on increasing the amount of donations collected from muzakki.Method — This research is a qualitative research conducted with descriptive-analytic method through literature study.Result — Zakat management organizations have a duty to ensure transparent management of the funds they collect as public institutions, and therefore must be trustworthy. By adopting a blockchain-based zakat system, these organizations can enjoy various advantages such as trustlessness, immutability, decentralization, lower costs, peer-to-peer transactions, transparency, and universal banking. This technology can also help address existing issues within zakat institutions.Contribution — This study contributes to the existing literature on blockchain-based zakat system which is still rarely to be discussed.

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