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Deni Eko Saputro
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P3EI-Center for Islamic Economics Studies and Development (Pusat Pengkajian dan Pengembangan Ekonomi Islam) Faculty of Business & Economics, Universitas Islam Indonesia Prawiro Kuat Street, Ringroad Utara, Condongcatur, Depok, Sleman, Yogyakarta, Indonesia, 55283 Phone: +6274881546; Fax: +6274882589
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INDONESIA
ASIAN JOURNAL OF ISLAMIC MANAGEMENT (AJIM)
Published by Universitas Islam Indonesia
ISSN : 27460037     EISSN : 27222330     DOI : http://dx.doi.org/10.20885/AJIM
Core Subject : Science, Education, Social,
Decision Sciences, Operations Research & Management Social Sciences Other
The Asian Journal of Islamic Management (AJIM) is a peer-review journal publishes quality and in-depth analysis on current issues within Asia and Islamic management topics. The journal publishes twice a year every June and December. AJIM welcomes strong and original evidence-based empirical studies on the aspect of Islamic management in the Asia context. The journal is open-accessed for scholarly readers. The following are suggested areas of interest, but not limited to: Marketing of Islamic financial products and services Halal supply chain and operations management Halal tourism and hospitality management Halal foods, beverages, cosmetics, pharmaceuticals, toiletries Muslim consumer behavior, segmentation, targeting, positioning Religiosity of consumers, employees, leaders, managers, suppliers Islamic codes of conduct and ethics in management Islamic leadership and followership, leader-member relations Takaful, zakah (charity) and waqf management Riba, gharar, maisir Islam, technology and management Digital marketing, financial technology, e-recruitment Islam, competition, coopetition and strategic management Islam, cross-culture and management Value chain management and customer satisfaction Islamic lean manufacturing, and operations
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 92 Documents
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Halal blockchain: Bibliometric analysis for mapping research Yanti, Roaida; Febrianti, Melinska Ayu; Qurtubi; Sulistio, Joko
Asian Journal of Islamic Management (AJIM) VOLUME 4 ISSUE 1, 2022
Publisher : Faculty of Business & Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/AJIM.vol4.iss1.art6

Abstract

Purpose – The main purpose of this study is to identify patterns and directions of halal blockchain research and find out the development of halal blockchain research trends.Methodology – This study used data from various articles in the Google Scholar database with the publication year limited from 2011 to 2022. Data collection used Harzing's Publish or Perish software. There were 353 articles that matched the keyword and they were processed by bibliometric analysis. Findings – This study found the basic pattern in halal blockchain research, trends in halal blockchain research, the relationship among research, research gaps, researchers who research a lot on halal Blockchain and the most published publications.Implications – This study contributes an overview of bibliometric studies in the halal blockchain literature, which can widen the previous literature and show more focused study topics by examining the abstracts and content of published articles. Findings related to evaluative and relational techniques can be helpful information for researchers, especially those new to this field of study. This bibliometric approach can be invaluable, especially for graduate students in supply chain management, logistics management, and industrial engineering.Originality – The originality offered by this research is to process research documents based on halal blockchain journals on Google Scholar. Thus, a lot of information and knowledge about halal Blockchain over the last 10th years can be useful for further research.
FinTech and MSMEs: The role of product knowledge Majid, Rifaldi; Mawaddah, Herti
Asian Journal of Islamic Management (AJIM) VOLUME 4 ISSUE 1, 2022
Publisher : Faculty of Business & Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/AJIM.vol4.iss1.art2

Abstract

Purpose − This study examines the effect of knowledge of Islamic FinTech products and services of Micro, Small, and Medium Enterprises (MSMEs) actors on their intentions to adopt it.Methodology − This study adopts a quantitative method with primary data filled in by MSME actors in Indonesia. A hundred samples were analyzed using Partial Least Square - Structural Equation Modeling (SEM) by SmartPLS software.Findings − The results showed that both Perceived Usefulness (PU) and Perceived Ease of Use (PEoU) were empirically proven to have a significant positive effect on Attitude Toward Behavior (ATB). Likewise, ATB has been proven to be significant in mediating PU and PEoU on the Behavioral Intention (BI) of MSME actors in using Islamic FinTech products and services. The main finding in this research is that the higher the knowledge/literacy of Islamic finance by MSMEs, the more they will strengthen their intention to use FinTech products.Implications − The socialization of Islamic FinTech products and services by regulators such as the Financial Services Authority through collaboration with the industry players, professional and expertise organizations, the Muslim entrepreneur community, and universities need to be continuously to improve Islamic financial literacy. In addition, amid ongoing business digitalization, MSMEs are expected to be integrated with FinTech, not only in terms of funding but also in improving business performance regarding operations, finance, human resources, and others.Originality − This paper extends TAM with product knowledge on objects in the form of MSME actors in Indonesia.
Factors affecting the purchase intention of non-certified halal Korean instant noodles Rahmawati, Alissa Aulina; Aji, Hendy Mustiko
Asian Journal of Islamic Management (AJIM) VOLUME 4 ISSUE 2, 2022
Publisher : Faculty of Business & Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/AJIM.vol4.iss2.art2

Abstract

Purpose – This study aims to determine what factors encourage Muslim consumers to purchase non-halal MUI-certified instant noodles. Methodology – The sample for this study is selected using a purposive sampling technique with the criteria of Muslim respondents who never purchased non-halal MUI-certified instant noodles. This study collected 114 usable responses for further analysis. All data were analyzed using the PLS-SEM method. Finding – The results indicated that product knowledge has an effect on halal product awareness and intention to purchase non-halal MUI-certified Korean instant noodles. Intrinsic religiosity value does not affect halal product awareness, but halal product awareness significantly affects the intention to purchase non-halal MUI-certified Korean instant noodles. Finally, halal product knowledge positively links the purchase intention of non-halal MUI-certified Korean instant noodles. Implications – The results of this study are expected to help supermarkets, distributors, and the government to improve the supervision of products, especially Korean instant noodle products that do not yet have an MUI halal certificate.Originality – Studies that investigated intrinsic religiosity, halal product awareness, and knowledge toward purchase intention have been previously performed. However, the results are inconclusive. Besides, such studies in non-halal-certified Korean noodles are scarce. This study contributes to the literature by re-investigating these relationship in the context of non-halal-certified Korean noodles in Indonesia.
Operationalizing ulul albab on a spiritual leader: A case of TV AlHijrah Malaysia Abdul Wahid, Nur Kamariah; Sabian, Nur Arfifah Abdul; Sarif, Suhaimi Md.
Asian Journal of Islamic Management (AJIM) VOLUME 4 ISSUE 2, 2022
Publisher : Faculty of Business & Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/AJIM.vol4.iss2.art1

Abstract

Purpose – The purpose of the paper is to explore on how the leadership of TV AlHijrah Malaysia, counter the economic crisis brought by Covid19 pandemic that they have succeeded in creating tv program like My QuranTime which led them to be awarded for ASEAN Inspiring Award Winner 2021 Innovation, Inspire, Creativity, the top ASEAN Award 2021. The interest of the paper is to understand how the transposition of spiritual leadership into Islamic leadership model could be explained practically. Methodology – The paper adopts qualitative research approach by employing interviews as the research instruments for the interest of the paper to go into in-depth understanding as well as to get the explanation on the leadership style of the leader of the organization Findings – The paper discovered that a new emerging element define as ulul albab has become the main contributor in explaining the transposition od spiritual leadership into Islamic leadership model element by explaining the elements of human capital aspects. Simultaneously, the findings have also able to explain the performance of the subject during such crisis in terms of the ability to transform the followers as well as organizational performances Implications – Potentially all Muslim leaders could improve their understanding of Islamic leadership from the lenses of spiritual leadership on taking the organization towards the desirable outcomes, covering the elements of organizational as well followers’ performance.Originality – The paper is believed to be with the original value as it only focuses on explaining the transposition of spiritual leadership into Islamic leadership model, by focusing on one specific organization, namely TV AlHijrah, that the emergence of ulul albab in explaining the human capital is seen as among the contribution.
Strengthening social media capabilities to improve private Islamic higher education marketing performance Riofita, Hendra; Dimasadra, Waldana
Asian Journal of Islamic Management (AJIM) VOLUME 4 ISSUE 2, 2022
Publisher : Faculty of Business & Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/AJIM.vol4.iss2.art3

Abstract

Purpose – This research is conducted to strengthen social media capabilities to improve Private Islamic Higher Education marketing performance as well as the number of prospective students.Methodology – The design of this study is a survey. The data processed with SPSS and Amos program are collected from the elements of leaders of Indonesian private Islamic higher education. Multi-stage sampling and simple random methods are applied.Findings – Digital public relations and digital network empowerment, respectively has a very significant role to strengthen social media capabilities to improve Private Islamic Higher Education marketing performance and as well as the number of prospective students. Implications – The findings of this research encourage Private Islamic Higher Education to apply both digital public relations and digital network empowerment on social media. Originality – This research develops digital public relations and digital network empowerment as intervening variables, considering that both digital constructs have the capabilities to realize the marketing-related activities through a collaborative relationship approach required by social media to attract prospective students to join Private Islamic Higher Education.
Determining the main factors of Islamic banks’ profitability in Indonesia: Does Covid-19 crisis play an important role? Ahmad Munawar; Sulaeman
Asian Journal of Islamic Management (AJIM) VOLUME 4 ISSUE 2, 2022
Publisher : Faculty of Business & Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/AJIM.vol4.iss2.art5

Abstract

Purpose – This research aims to investigate the main factors of Islamic banks’ profitability before and after the pandemic COVID-19 in Indonesia. Methodology – The sample of this study is ten Islamic commercial banks that have complete data and are registered with Bank Indonesia. The data was analyzed by using a data panel regression estimation model based on the best estimation model which is the random effect model or REM. Findings – Based on the result of the REM model, the study finds that both Islamic banks' internal variables such as NPF and OEF except CAR and FDR, and Islamic bank’s external variables such as the Covid-19 crisis variables are significant in determining Islamic banking profitability In Indonesia. Implications – The present research has implications for Islamic bank management and policy-makers as well as researchers.Originality – This study will become one of the pioneers to examine empirically determining the main factors of Islamic banks' profitability before and post-Covid-19 in Indonesia. The findings will contribute to minimizing the negative impact of economic crises like the Covid-19 outbreak in Indonesia.
Determinants of investment intention in sharia stocks Sylvania Dwi Yulianti; Salsabilla, Selfira
Asian Journal of Islamic Management (AJIM) VOLUME 4 ISSUE 2, 2022
Publisher : Faculty of Business & Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/AJIM.vol4.iss2.art4

Abstract

Purpose – The goal of this study is to determine the factors influencing students' intention to invest in sharia stocks using the Theory of Planned Behavior (TPB). Methodology – Quantitative approaches are used in this study. This study employs primary data by sending questionnaires online to 236 respondents who met the requirements of being students currently enrolled in Yogyakarta and possessing investment savings. The data analysis method employed is the Structural Equation Model (SEM), which uses the SmartPLS 3.0 software.Findings – The findings demonstrated a significant positive relationship between the intention to invest in sharia stocks and the factors of financial literacy, investor personality traits, attitudes, financial efficacy, and Islamic religiosity. On the other hand, the intention to invest in Islamic stocks is unaffected by a subjective norm.Implications – These results will be helpful for financial service providers to be able to choose the best marketing approach to attract more customers. In addition, it assists the lecturer to be able to persuade Muslim students to invest in sharia stocks.Originality – Since sharia stocks must adhere to Islamic law, this study investigates the impact of Islamic religiosity on student intentions to invest in sharia stocks.
The intention of the young Muslim generation to purchase halal cosmetics: Do religiosity and halal knowledge matter? Widjiarti Nur Riswandi; Sudarsono, Heri; Asri Noer Rahmi; Ali Hamza
Asian Journal of Islamic Management (AJIM) VOLUME 4 ISSUE 2, 2022
Publisher : Faculty of Business & Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/AJIM.vol4.iss2.art6

Abstract

Purpose – This study aims to examine the role of religiosity and knowledge in influencing subjective attitudes and norms. Then the influence of religion, knowledge, brand image, and product quality on the intention to buy Halal cosmetics products in the cosmetics industry in Indonesia.Methodology – This study used a purposive sampling method to collect data. As many as 522 young Muslim consumers in 32 provinces in Indonesia have previously used halal cosmetic products.Findings – The study results show that religiosity and Halal product knowledge significantly influence attitudes, subjective norms, and intentions to buy halal cosmetic products. Interestingly, the findings reveal that product knowledge has a higher impact on religiosity on attitudes, subjective norms, and intentions to buy in terms of cosmetics. Meanwhile, attitudes, brand image, and product quality affect intention, but subjective norms do not affect the intention of the young Muslim generation to buy cosmetic products.Implications – Halal cosmetic companies need to increase promotion to the younger generation of Muslims to introduce halal cosmetic products. This promotion will increase the knowledge of the young Muslim generation about halal cosmetics to increase the intention of the young Muslim generation to buy halal cosmetic products.Originality – Research develops the influence of knowledge and religiosity on attitudes and intention, and subjective norms to buy halal cosmetic products. The object of this research is the young Muslim generation, aged between 15 and 30 years, with mostly high school and university education.
Determinants of BSI mobile banking adoption intentions: DeLone & McLean and UTAUT Model integration with religiosity Sholihah, Erlinda; Antari, Ika Septiana Windi; Rochimawati, Rizqi Fajar; Ulwiyyah
Asian Journal of Islamic Management (AJIM) VOLUME 5 ISSUE 1, 2023
Publisher : Faculty of Business & Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/AJIM.vol5.iss1.art1

Abstract

Purpose − This research aims to identify influencing factors on BSI mobile banking adoption intention by integrating the UTAUT and DeLone & McLean models and the role of religiosity variables.Methodology − This research used primary data from 150 Bank Syariah Indonesia customers who used mobile banking. The analysis method applied SEM PLS to assess the relation among exogenous and endogenous variables using SmartPLS software.Findings − The findings show that from the factors identified, Service Quality, Information Quality, Performance Expectancy, Effort Expectancy, Social Influence, and Religiosity are critical variables in BSI mobile banking adoption intention. Because these six factors significantly impact the intention of BSI Mobile Banking adoption.Implications − Our work helps stakeholders strategize and policy to offer more innovative and flexible production technologies. So, the bank must pay more attention to things that support the increasing performance of mobile banking to increase customer intentions in adopting BSI mobile banking.Originality − This research provides a theoretical contribution in integrating the UTAUT and DeLone & McLean models, including the role of religiosity variables in assessing the adoption intention factors of BSI mobile banking in Indonesian society.
The impact of Islamic financial development on renewable energy production in Islamic countries Siswantoro; Mahmud, Amir
Asian Journal of Islamic Management (AJIM) VOLUME 5 ISSUE 1, 2023
Publisher : Faculty of Business & Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/AJIM.vol5.iss1.art4

Abstract

Purpose − This study aims to determine the impact of the development of Islamic finance on renewable energy production in Islamic countries. Two variables representing Islamic finance (Islamic financing and Sukuk) and five control variables (economic growth, foreign investment, CO2 emissions, trade openness, and consumer price index) are also studied.Methodology − Ninety-panel data from 10 Islamic countries over a period of 9 years (2013-2021) were analyzed using panel data analysis with the fixed effect model approach.Findings − The results show that Islamic countries with good development of Islamic banking and Sukuk tend to experience an increase in renewable energy production. Other empirical findings show that economic growth, CO2 emissions, and consumer price index are the next variables that affect renewable energy in Islamic countries.Implications − The results of this study have implications for the policies of Muslim countries to further encourage Islamic finance to be channeled into the renewable energy sector. The government should establish a clear regulatory framework for green Islamic investment and financing and if necessary, they are needed to provide incentives to the green investment sector.Originality − Previous studies that directly examine the effect of Islamic financial development on renewable energy are still limited. Most of the previous studies have examined the impact of Islamic financial development on environmental issues such as sustainable development, climate change, or environmental quality

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