cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
Warno
Contact Email
-
Phone
+6285225895726
Journal Mail Official
jiafr@walisongo.ac.id
Editorial Address
Jl Prof. Dr. Hamka Kampus III Ngaliyan Semarang 50185
Location
Kota semarang,
Jawa tengah
INDONESIA
Journal of Islamic Accounting and Finance Research
Published by Universitas Islam Negeri Walisongo Semarang
ISSN : 27150429     EISSN : 27148122     DOI : -
Core Subject : Religion, Economy,
Religion Economics, Econometrics & Finance
Journal of Islamic Accounting and Finance Research (JIAFR) is a peer-reviewed journal published twice a year (April and October) by the Department of Sharia Accounting Faculty of Islamic Economics and Business, Universitas Islam Negeri (UIN) Walisongo Semarang Indonesia. JIAFR aims to publish articles in the field of Islamic Accounting and Finance that provide a significant contribution to the development of accounting practices and professions in Indonesian even the world. JIAFR accepts both quantitative and qualitative approaches by English Language manuscripts relating to Islamic Financial Accounting, Management Accounting, Taxation, Islamic Behavior Accounting, Accounting Information System, Auditing, Public Sector Accounting, and Islamic Financial Performance.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 170 Documents
 13   14   15   16   17 
Exploring the fraud triangle model and microeconomic factors in zakat embezzlement Muhammad Irwan Ariffin; Tengku Dania Madhihah Tengku Mahadi; Suraya Pakair; Dayang Fatin Fatihah Zolkefle
Journal of Islamic Accounting and Finance Research Vol. 7 No. 1 (2025)
Publisher : Universitas Islam Negeri Walisongo Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/jiafr.2025.7.1.23425

Abstract

Purpose - This study aims to explore the factors contributing to zakat embezzlement, using the fraud triangle theory and a microeconomic perspective to better understand the underlying dynamics in zakat mismanagement. Method - This study employs a qualitative research methodology, combining a review of relevant literature on the fraud triangle theory and its application to zakat management with thematic content analysis of interviews conducted with two experts in financial corruption and zakat management. The literature review examines academic and industry sources to explore drivers of zakat embezzlement, including opportunities, pressures, and rationalizations. Interviews with a financial management researcher and a zakat management official provide firsthand insights, which complement the desk-based research and contribute to a comprehensive understanding of the issue. Result - The study reveals that financial pressure, weak internal controls, and rationalization drive zakat embezzlement. The lack of transparency and governance in zakat institutions provides opportunities for mismanagement, while personal financial gain and ethical rationalization further exacerbate the issue. Implication - These findings suggest the need for stronger governance, better internal controls, and ethical training in zakat institutions. Strengthening transparency and accountability could reduce opportunities for embezzlement, thereby enhancing the effectiveness of zakat as a tool for poverty alleviation. Originality - This research uniquely applies the fraud triangle framework to zakat embezzlement, integrating microeconomic elements such as utility maximization and information asymmetry.
Managerial ownership and financial performance: empirical evidence of the application of sharia principles in Indonesia Heri Purnomo; Ulydhatul Ismiyana; Monika Bunga Richter
Journal of Islamic Accounting and Finance Research Vol. 7 No. 1 (2025)
Publisher : Universitas Islam Negeri Walisongo Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/jiafr.2025.7.1.23824

Abstract

Purpose - This study aims to examine the relationship between managerial ownership and financial performance through the aplication of sharia principles in Indonesia. Method - This study uses a financial report sample from 380 companies listed on the Indonesia Stock Exchange during the 2021-2023 period. The estimation method used is Pooled OLS (CEM). We conducted the Durbin-Wu-Hausman (DWH) test to checking endogeneity issues. We also conduct a robustness test using Robust Least Square (RLS) to ensure the reability of our results. Result - The results of this study indicate that managerial ownership has a positive effect on financial performance through the aplication of sharia principles. We found that the principle of amanah (trustworthiness) and maslahah (public interest) ensures that managerial decision-making is not only for personal benefit but also for the interests of shareholders. Additionally, we found that the principle of ta’awun (mutual benefit) and 'adl (justice) ensures that every decision and action between managerial ownership and shareholders is based on balance. Implication - This study it highlights the need to formalize Sharia-based governance guidelines that limit excessive managerial ownership while mandating ethical decision-making transparency. For Islamic finance literature, it establishes Sharia Enterprise Theory as a viable extension of Sharia-based Agency Theory. Originality - We integrate the Islamic perspective into managerial ownership by incorporating fundamental Islamic principles of accountability.
Islamic financing and firm performance: evidence from Indonesia Aiman Aiman; Tastaftiyan Risfandy; Ahmet Faruk Aysan; Bimo Saktiawan
Journal of Islamic Accounting and Finance Research Vol. 7 No. 1 (2025)
Publisher : Universitas Islam Negeri Walisongo Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/jiafr.2025.7.1.25148

Abstract

Purpose - This paper analyzes the impact of financing decisions on firm performance. In particular, the effect of Islamic financing on financial profitability. Method - We use a sample of 87 non-financial firms from 2018 to 2022 listed on the Indonesia Stock Exchange and yields 434 observations after selected companies that use Islamic financing as a sample criteria. The data comes from audited annual report and the Osiris database. To analyze the data, this research employs a quantitative method with the random effect regression technique. Result - Our findings shows that Islamic financing can affects firm performance. The firm can use Islamic financing as a strategic financial decision and as alternative source of financing that can improve firm performance. Implication - This paper calls for policymakers, specifically top executive management, to pay more attention to and consider Islamic financing as an alternative to corporate financing in relation with the company's capital structure. Regulators also should encourage and improve regulations to support and facilitate the infrastructure of Islamic finance. Originality - This study expands the empirical studies in finance particularly in the area capital structure.
Does sharia governance in secular countries exist? Turkey and France experience M. Hanief Mu'afi; Razali Ade Syahputra Hasibuan
Journal of Islamic Accounting and Finance Research Vol. 7 No. 1 (2025)
Publisher : Universitas Islam Negeri Walisongo Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/jiafr.2025.7.1.25218

Abstract

Purpose - This study seeks to answer the question, "does shariah governance exist in secular countries?" by examining Turkey and France as case studies. Method - This study adopts Whittington’s practice theory approach, with Shariah governance indicators carefully prepared. Content analysis is applied to data from regulatory websites, annual reports, and official bank websites in Turkey and France. Each piece of information that aligns with the predefined indicators is systematically compiled, enabling a comparative assessment of shariah governance regulations, structures, processes, and reporting practices across both countries. Result - The study finds that shariah governance in secular countries varies significantly and is influenced by political will and regulatory frameworks. In France, Shariah governance remains undeveloped due to constitutional restrictions on religious intervention. In contrast, Turkey has institutionalized shariah governance, with TKBB issuing regulations and overseeing participation banks, yet weaknesses remain in governance structures and reporting standards. These findings reinforce Institutional Theory, demonstrating how political and regulatory environments shape the effectiveness of Shariah governance in secular states. Implication - The study highlights how regulatory frameworks and political dynamics shape Shariah governance in secular contexts, offering insights for Islamic banks, regulators, and policymakers to strengthen governance to enhance compliance and ensure sustainability. Originality - This is one of the first studies to investigate the existence of sharia governance in a country with a secular constitution and reveal how political dynamics may influence it.
Better behavioral control in sharia investment decision: a literature review Surendra Purusottama Rangga; Y Anni Aryani; Doddy Setiawan; Ibrahim Fatwa Wijaya; Setiyawan Gunardi
Journal of Islamic Accounting and Finance Research Vol. 7 No. 1 (2025)
Publisher : Universitas Islam Negeri Walisongo Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/jiafr.2025.7.1.25252

Abstract

Purpose - This study aims to identify factors that influence investment decisions. Furthermore, the researcher wants to show how sharia-compliant investment decisions act more rationally than conventional investment decisions. Method - This study employs the "charting the field" method by categorizing articles based on research themes and utilizing the VOSviewer application to analyze variable occurrences. The researchers used databases from Scopus.com and sinta.kemendikbud.go.id, covering publications from 2017 to 2024. Result - Investment decisions in the non-sharia sector are often influenced by excessive overconfidence and behavioral biases, which may lead to losses for investors. In contrast, sharia-compliant investment decisions tend to rely on more certain factors, emphasizing rationality based on financial literacy, behavioral control, and religiosity. Implication - This study highlights that investment decisions are primarily influenced by factors such as high confidence levels, uncertainty, herding bias, behavioral bias, and heuristic bias. Meanwhile, investors in the sharia sector tend to be more cautious and have better behavioral control, making the decision-making factors in sharia-compliant investments more applicable in practice. Originality - This study is relatively rare in both global and Indonesian contexts, providing insights into how sharia-compliant investments can serve as a viable option for investment decision-making.
The integration of maqasid sharia principles on digital accounting information system in Indonesian Islamic microfinance Provita Wijayanti; Intan Salwani Mohamed; Dalila Daud; Hani Werdi Apriyanti; M. Ja’far Shodiq; Arifathul Khoiriyah
Journal of Islamic Accounting and Finance Research Vol. 7 No. 1 (2025)
Publisher : Universitas Islam Negeri Walisongo Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/jiafr.2025.7.1.25345

Abstract

Purpose - This study analyzes the integration of Maqasid sharia Principles into the digital accounting information system (DAIS) in Indonesian Islamic Microfinance (BMTs). Method - This is a descriptive quantitative study with a survey method distributed to 226 of 455 key decision-makers across accredited BMTs, consisting of members of the Supervisory Board, Board of Committees, Managers, Heads of Operations/Finance, and Heads of Marketing. Result - This study found that integrating Maqasid sharia on DAIS is highly effective (84%). The highest scores were recorded for Hifdzul Maal (6.28), Hifdzul Aql (6.26), Hifdzul Diin (6.24), and Hifdzul Nasl (6.18), while Hifdzul Nafs (6.05) showed the lowest score. Implication - This study highlights the need for greater attention to the Hifdzul Nafs dimension by expanding access to microfinance for low-income communities and strengthening partnerships with other institutions. Policymakers and BMT management should integrate regular monitoring and evaluation to improve the effectiveness and offer valuable insights on financial inclusion and social welfare in Indonesia. Originality - This is the original study that firstly evaluates the integration across the five Maqasid sharia dimensions and provides a comprehensive assessment of its alignment with Islamic principles.
Forensic accounting and Islamic behavioural insight on fund misuse in 1:87 diecast hobby Fuad Yanuar Akhmad Rifai; Anis Chariri; Abdul Ghofur
Journal of Islamic Accounting and Finance Research Vol. 7 No. 1 (2025)
Publisher : Universitas Islam Negeri Walisongo Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/jiafr.2025.7.1.25425

Abstract

Purpose - This study aims to explore the potential for fund misappropriation within the 1:87 diecast collector community using a forensic accounting approach integrated with Islamic behavioural accounting principles. Method - Employing a qualitative case study method, data were collected through in-depth interviews and documentation involving active collectors. Result - The study reveals patterns of non-transparent spending, manipulation of personal financial records, and rationalisation of consumptive behaviours that conflict with Sharia principles such as sidq (truthfulness) and amanah (trustworthiness). Implication - The integration of forensic accounting with Islamic behavioural values offers a corrective approach to personal financial management based on Sharia ethics. Originality - This research is among the first to address hobby-related consumption behaviour through the combined lens of forensic accounting and Islamic financial ethics.
Mauquf’alaih as a waqf accountability center (prophetic social approach) Siti Nurngaini; Mahfud Sholihin
Journal of Islamic Accounting and Finance Research Vol. 5 No. 2 (2023)
Publisher : Universitas Islam Negeri Walisongo Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/jiafr.2023.5.2.16070

Abstract

Purpose - This study aims to explore Kuntowijoyo's prophetic social thinking to make mauquf ‘alaih the main focus of waqf accountability.Method - This research is a conceptual paper that attempts to construct the concept of waqf accountability in a prophetic social approach.Result - The author's opinion emphasizes the rights of the mauquf ‘alaih by highlighting how the accountability role of waqf needs to shift emphasis from serving stakeholders hierarchically to being re-engineered towards beneficiaries (mauquf ‘alaih). This requires a reconceptualization of the meaning of waqf, which must be seen as part of a wider effort to achieve social justice and the welfare of the ummah. In this case, the prophetic social value is considered as the conceptual framework.Implication - Theoretically and contextually prophetic social principles are able to give birth to a reorientation of waqf accountability towards deeper humanist and emancipatory realizations, as well as more holistic and religious accountability practices.Originality - This research is the first study that used prophetic sosial approach in waqf accountability.
Corporate social responsibility in Islamic bank: review of one decade of research and future directions Fauzan Fuadi; Selly Puspita Sari; Sunarmi Sunarmi; Andi Mulyono; Syriac Nellikunnel Devasia
Journal of Islamic Accounting and Finance Research Vol. 7 No. 2 (2025)
Publisher : Universitas Islam Negeri Walisongo Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/jiafr.2025.7.2.25725

Abstract

Purpose - This study aims to systematically review the literature on corporate social responsibility in Islamic banks over the past decade, identifying key trends, determinants, impacts, and future research directions. Method - The systematic literature review methodology followed the PRISMA protocol to ensure a rigorous selection and evaluation process. The study analysed 25 papers from the Scopus database. Result - Findings suggest that CSR disclosure, governance structure, and regulatory support significantly influence the effectiveness of CSR in Islamic banks. While some studies show a positive relationship between CSR and financial performance, others show that the impact is context-dependent, varying across regulatory environments and socio-cultural dynamics. This study also highlights the methodological diversity in CSR research, with content analysis, regression analysis, and surveys being the most frequently used approaches. Implication - This study enhances academic and practical understanding of CSR in Islamic banking by analysing key internal and external determinants, synthesising CSR trends and challenges, and suggesting avenues for future research. Originality - This study integrates a holistic view of CSR trends and outlines a future research agenda. The findings provide valuable guidance for academics, practitioners, and policymakers on improving CSR implementation in Islamic banking.
AI-enhanced human resource and green accounting: for achieving sustainable development performance in sharia bank industry Satria Avianda Nurcahyo; Anisa Dewi Arismaya; Fitri Dwi Jayanti; Anis Malik Thoha
Journal of Islamic Accounting and Finance Research Vol. 7 No. 2 (2025)
Publisher : Universitas Islam Negeri Walisongo Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/jiafr.2025.7.2.25871

Abstract

Purpose - The purpose This study investigates the role of AI-enhanced human resources in environmental innovation strategy, green accounting, and sustainable development performance within the state-owned sharia banking sector. Method - Using a quantitative approach and Structural Equation Modeling (SEM) Partial Least Squares (PLS), the research involves a sample of 250 employees from various state-owned sharia banks in Central Java. Result - The results showed indicate that the implementation of AI in human resource management significantly contributes to environmental innovation strategy and green accounting, which in turn supports sustainable development performance. Additionally, green accounting is found to play a critical role in enhancing organizational sustainability performance. Implication - These findings offer valuable insights for strategic policies in the sharia banking sector, aiming to achieve sustainable development goals through the integration of intelligent technology and eco-friendly practices in organizational operations. Originality - This research provides the first insights that serve as a foundation for academics and policymakers to develop more comprehensive models for sustainable development in the sharia banking.

Page 15 of 17 | Total Record : 170

 13   14   15   16   17 

Filter by Year

2019 2025


Reset
Filter By Issues
All Issue Vol. 7 No. 2 (2025) Vol. 7 No. 1 (2025) Vol. 6 No. 2 (2024) Vol 6, No 1 (2024) Vol. 6 No. 1 (2024) Vol 5, No 2 (2023) Vol. 5 No. 2 (2023) Vol 5, No 1 (2023) Vol 4, No 2 (2022) Vol. 4 No. 2 (2022) Vol 4, No 1 (2022) Vol 3, No 2 (2021) Vol 3, No 1 (2021) Vol 2, No 2 (2020) Vol 2, No 1 (2020) Vol 1, No 1 (2019) More Issue