cover
Contact Name
NUR CHOIRUL AFIF
Contact Email
nur.choirul.afif@unsoed.ac.id
Phone
+6282281788840
Journal Mail Official
ijibe@unsoed.ac.id
Editorial Address
Laboratory Building First Floor Center of Islamic Economics and Halal Product Faculty of Economics and Business Universitas Jenderal Soedirman Jalan Prof. Boenyamin 708, Purwokerto
Location
Kab. banyumas,
Jawa tengah
INDONESIA
Indonesian Journal of Islamic Business and Economics (IJIBE)
ISSN : 27235831     EISSN : 27228002     DOI : https://doi.org/10.20884/1.ijibe
Journal of Islamic Business and Economics is journal organized by Faculty of Economics and Business, Universitas Jenderal Soedirman. This journal focuses and and scopes are 1. Islamic Finance 2. Zakat Management 3. Shariah Based Human Resources 4. Islamic Based Strategic Management 5. Islamic Marketing 6. Halal Brand Image 7. Halal Tourism 8. Wakaf Management 9. Reducing Poverty in Islamic Perspective 10. Islamic Political Economy 11. Islamic Banking 12. Islamic Capital Market 13. Islamic Monetary System 15. Islamic Economic Thought 16. Islamic Financial Institution 17. Baitul Maal 18. Shariah Based Management 19. Islamic Micro Finance 20. Syariah accounting
Articles 64 Documents
Analysis of Priority Strategies for Developing Religious Tourism of The Sunan Gunung Jati Cemetry Using The Carl Method Bakhri, Syaeful; Maemunah, Maemunah; Anggraeni, Devina; Maulana, Saptaji; Azizah, Imroatul; Nurfarikhah, Ika; Jannah, Isroqtul
Indonesian Journal of Islamic Business and Economics (IJIBE) Vol 6 No 1 (2024): IJIBE
Publisher : Islamic Economic Scholar Association and Faculty of Economics and Business Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/1.ijibe.2024.6.01.10046

Abstract

The development of tourism cannot be denied, as does the majority of Muslims. Most Muslim communities make religious tourism increasingly popular, so research must be done to accommodate this. This research aims to analyze and provide new concepts related to priority development strategies that are needed and can contribute to the development of religious tourism at the Sunan Gunung Jati Tomb. The research method in this research is descriptive qualitative. The qualitative data obtained is then processed by giving weights and numbers to produce quantitative data using the CARL method to determine the priority scale in solving a problem. The big priority problem is limited human resources, which are not balanced with the number of tourists who come, so tourists cannot experience maximum service; the local community has not entirely played a role in business activities in the Sunan Gunung Jati cemetery tourist area, lack of supporting facilities and infrastructure such as lack of land. To open a business. There are minor problems, namely the public's understanding of sales procedures, the facilities for burial buildings located in residential areas are challenging to develop, and the geographical location close to the sea causes hot weather, reducing tourists visiting.
The Influence of Return On Assets (ROA) and Return On Equity (ROE) On Sharia Stock Prices (Case Study of Companies Registered on JII 2016-2019) Astuti, Puji; Hilyatin, Dewi Laela; Intansari, Anggita Isty; Hadi, Rahmini
Indonesian Journal of Islamic Business and Economics (IJIBE) Vol 6 No 1 (2024): IJIBE
Publisher : Islamic Economic Scholar Association and Faculty of Economics and Business Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/1.ijibe.2024.6.1.11618

Abstract

An important decision faced by an investor in deciding to include capital in the company is to be able to choose the right company because stock conditions often fluctuate and are uncertain. Then, it can be done using market ratio analysis, which can help investors determine which company to choose. This study aims to determine the partial and simultaneous effect of Return On Assets (ROA) and Return On Equity (ROE) on stock prices in the group Jakarta Islamic Index. The population in this study consisted of all issuers in the Jakarta Islamic Index (JII), which amounted to 30 companies. The purposive sampling technique was used to obtain 14 companies as research samples. The observation period is four years, namely in 2016-2019, so the unit of analysis obtained is 56. The research variables consist of the independent variables ROA (X1) and ROE (X2) and Stock Price (Y) as the dependent variables. The data collection method in this research is the documentation method. The data analysis technique used is multiple linear regression. Based on the results of the regression analysis, it can be seen that ROA and ROE simultaneously had an effect on Islamic stock prices in the JII group in 2016-2019. Partially, ROA did not affect Islamic stock prices in the JII group in 2016-2019. While ROE partially affected the price of sharia shares in the JII group in 2016-2019.
The Influence of Brand Image and Islamic Fashion Style Orientation on the Competitive Advantage of Erigo Brand Products on Muslim Teenagers in Banyumas Regency Febrianing, Brina; Susilowati, Dewi; Ulfah, Permata
Indonesian Journal of Islamic Business and Economics (IJIBE) Vol 6 No 1 (2024): IJIBE
Publisher : Islamic Economic Scholar Association and Faculty of Economics and Business Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/1.ijibe.2024.6.1.11620

Abstract

In this modern era, fashion is evolving at a rapid pace, with high-quality and attractive clothing becoming a favorite of many. Indonesian local fashion brands, such as Erigo, are showing significant growth, not only in the domestic market but also internationally. This is evidenced by Erigo's participation in New York Fashion Week, a prestigious fashion event in the world, as well as its marketing strategy that extends to Time Square in New York, USA, signaling significant progress compared to other brands. Erigo, which is in high demand among young people who are searching for identity and following trends, is the focus of this research. In particular, this study took a sample of teenagers in Banyumas Regency, which is known to have a very large number of students and college students, being at the forefront of the Bralingmascakeb region. In the midst of growing fashion trends, Muslim teenagers are also expected to choose clothes that are in accordance with Islamic law. This study aims to examine the effect of brand image and Islamic fashion style orientation on Erigo's competitive advantage. The research method used is associative with a quantitative approach, using primary data from a questionnaire with a sample size of 150 Muslim teenage respondents in Banyumas Regency. Data analysis involves instrument test, classical assumption test, multiple regression analysis, and hypothesis testing. The results show that both brand image and Islamic fashion style orientation have a positive influence on Erigo's competitive advantage.
The Social Business Model Canvas Based on Baitulmaal: Case Study of Gerakan Indonesia Beras Baitulmaal Munzalan Indonesia Yogyakarta Putri, Diandra Aqila
Indonesian Journal of Islamic Business and Economics (IJIBE) Vol 6 No 02 (2024): IJIBE
Publisher : Islamic Economic Scholar Association and Faculty of Economics and Business Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/1.ijibe.2024.6.02.14502

Abstract

This study analyzes the implementation of the Social Business Model Canvas (SBMC) in the Gerakan Infaq Beras (GIB) program by Baitulmaal Munzalan Indonesia, Yogyakarta Branch. Using a descriptive qualitative method, the research examines the 13 key components of the SBMC: Social Value Proposition, Impact Measures, Customer Value Proposition, Beneficiaries, Customers, Type of Intervention, Channels, Key Activities, Key Resources, Key Partners and Stakeholders, Cost Structure, Revenue, and Surplus. The findings reveal that GIB Yogyakarta successfully distributes over 25 tons of rice monthly to more than 21,000 students across 300 pesantren (Islamic boarding schools). The program adheres to the principle of "Baitulmaal no tamwil," ensuring that all funds are fully allocated without any remaining balance. Key factors contributing to its success include innovations in technology-based management, transparent reporting, and collaboration with local communities. However, GIB faces challenges such as fluctuating donation levels and rising rice prices, which impact the sustainability of its distribution efforts.
Analysis Of Market Power And Efficiency Of Islamic Banking: Evidence From Indonesia Rakhi, Hayet
Indonesian Journal of Islamic Business and Economics (IJIBE) Vol 6 No 02 (2024): IJIBE
Publisher : Islamic Economic Scholar Association and Faculty of Economics and Business Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/1.ijibe.2024.6.02.11648

Abstract

Financial integration and economic openness drive Islamic banking to enhance competitiveness and efficiency. This research aims to analyze the development of market power and efficiency of Islamic banking in Indonesia. Market power is assessed using the Lerner Index and the Herfindahl-Hirschman Index, while technical efficiency and scale efficiency are evaluated using Data Envelopment Analysis (DEA). This study utilizes quarterly data from 2014 to 2020, focusing on 14 Islamic commercial banks as observation objects. The findings reveal that the market power (Lerner index) of Islamic banking at the interbank level falls into the category of moderate competition, whereas at the industry level (HHI), Islamic banking exhibits relatively high concentration, indicating intense oligopolistic competition. The technical efficiency achievement of Islamic banking is categorized as low, while scale efficiency achievement falls into the moderate category. This research encourages the government, through the Financial Services Authority (OJK), to monitor the market concentration level of Islamic banking to ensure healthy industry competition and enhance bank efficiency through policies and projections concerning potential mergers and spin-offs in Islamic banking.
Intention of MSME in Rural Area Using Sharia Financing: The Influence of Sharia Financial Literacy, Entrepreneurial Characteristics, and Business Characteristics Raharja, Mahardhika Cipta; Fahya, Angelliana Nur; Diana, Azka Nur
Indonesian Journal of Islamic Business and Economics (IJIBE) Vol 7 No 1 (2025): IJIBE
Publisher : Islamic Economic Scholar Association and Faculty of Economics and Business Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/1.ijibe.2025.7.1.13043

Abstract

This study aims to determine the effect of sharia financial literacy, entrepreneurial characteristics and business characteristics on intention in using sharia financing. this research is a quantitative study with data collection techniques through distributing questionnaires to respondents. The population in this study are MSME players in the Purwokerto area who know about sharia financing. The sampling technique used Accidental Sampling technique with 110 respondents. Data processing in this study used multiple linear regression analysis using the SPSS program. Based on the results of the study, it can be concluded that sharia financial literacy has no effect on intention in using sharia financing with a significant value of 0.128 > 0.05. Entrepreneurial characteristics affect the intention in using sharia financing with a significant value of 0.006 < 0.05. And business characteristics have no effect on intention in using sharia financing with a significant value of 0.069 > 0.05.
Return Volatility of Green Sukuk in The Islamic Capital Market: A Comparative Study Between Indonesia and Malaysia Hakim, Lukman; Susilowati, Dewi
Indonesian Journal of Islamic Business and Economics (IJIBE) Vol 7 No 1 (2025): IJIBE
Publisher : Islamic Economic Scholar Association and Faculty of Economics and Business Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/1.ijibe.2025.7.1.13897

Abstract

Sustainable development is increasingly vital in climate-vulnerable countries such as Indonesia and Malaysia, where green sukuk Sharia-compliant financial instruments play a key role in funding environmentally sustainable projects. This study employs a quantitative method using multiple linear regression to analyze factors influencing green sukuk return volatility in both countries. Secondary data on price movements and returns were obtained from capital market reports, followed by classical assumption testing to ensure data reliability and validity. The findings reveal that taxes, exchange rates, money supply, and interest rates significantly affect return volatility, with exchange rates and money supply exerting stronger effects in Malaysia, while tax-related volatility is more pronounced in Indonesia due to fiscal instability. These results suggest that Indonesia should focus on stabilizing fiscal policies and raising public awareness, whereas Malaysia should strengthen its support for green investment initiatives. Overall, the study contributes to enhancing Islamic finance resilience and promoting sustainable development.
Islamic Corporate Governance (ICG) approach: An analysis of the implementation of asset utilization cooperation Case Study X University Rizkia, Aisyah Putri
Indonesian Journal of Islamic Business and Economics (IJIBE) Vol 7 No 1 (2025): IJIBE
Publisher : Islamic Economic Scholar Association and Faculty of Economics and Business Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/1.ijibe.2025.7.1.14140

Abstract

The X University is a public university with public service agency management and is transforming into a PTN BH. In the transition process, PTN X is required to manage its revenue to be financially independent. Once financially independent, PTN X must manage its revenue and operational costs and be released from government assistance. PTN X has carried out asset utilization cooperation, but from the auditor's findings, the asset utilization cooperation has yet to be profitable and even tends to lose. The cooperation has yet to be implemented according to good corporate governance management. Islam as a way of life can propose Islamic corporate governance as a foundation for managing PTN X cooperation services more responsibly using Islamic principles and ethics. Based on humans are creatures of God to be able to work according to the values taught by Islam. This research uses qualitative methods with in-depth interviews. This study aims to determine the implementation of asset utilization cooperation in terms of financial managers, leaders, and stakeholders. What are the obstacles in implementing asset utilization cooperation with the Islamic corporate governance approach, and analyze asset utilization cooperation in the accountability center corridor. The results showed that aspects of Islamic corporate governance have been carried out at PTN X. It's just that there are still many things that could be improved. Implementation must be based on rules, standard operating procedures, systemized and open. Responsibility center analysis is at the profit center level, where no profit calculation is outlined in the regulations. Suggestions for better management are to make standard operating procedures, rules, and systems more straightforward for managers and stakeholders, increase the professionalism of managers to advance asset service cooperation, increase revenue, and develop asset utilization cooperation with other businesses.
Halal Tourism and Economic Resilience: A Systematic Bibliometric Review of the Literature Ramadhan, Dicky Satria; Ramadhan, Eka Setya; Munawaroh, Asyifa Nur Laely
Indonesian Journal of Islamic Business and Economics (IJIBE) Vol 7 No 2 (2025): IJIBE
Publisher : Islamic Economic Scholar Association and Faculty of Economics and Business Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/1.ijibe.2025.7.2.17456

Abstract

The rapid growth of halal tourism as a global industry, fueled by the increasing Muslim population and high demand for sharia-compliant travel services, highlights the sector's significant potential for enhancing economic resilience. However, scientific studies directly linking halal tourism to economic resilience remain limited and poorly integrated. This study aims to address this gap by employing a bibliometric approach to map the development, trends, and emerging research themes in this field. Using a descriptive-quantitative method, secondary data were collected from the Google Scholar and Scopus databases, covering publications from 2015 to 2025. Analysis was conducted using Publish or Perish and VOSviewer software to trace patterns of author collaboration, keyword co-occurrence, top citations, and thematic evolution over time. The study's results indicate a significant upward trend in the number of publications, particularly after 2021, reflecting a growing academic interest in the role of halal tourism in fostering inclusive economic recovery. Bibliometric visualization reveals that initial research concentrated on socio-cultural aspects, such as religious tourism, MSMEs, and cultural heritage. However, in recent years, the focus has shifted toward macroeconomic issues, including regional economic resilience and demand-side strategies. These findings highlight the importance of incorporating halal tourism strategies into sustainable and resilient economic development policies, while also opening up avenues for further research in the future.
The Influence of Loyalty, Work Discipline, and the Utilization of Information Technology on the Performance of Teaching Staff at the Modern Islamic Boarding School Ummul Quro Al-Islami, Bogor Hafiddudin, Ahmad Lutfi
Indonesian Journal of Islamic Business and Economics (IJIBE) Vol 7 No 1 (2025): IJIBE
Publisher : Islamic Economic Scholar Association and Faculty of Economics and Business Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/1.ijibe.2025.7.1.18422

Abstract

The aims of this research is to find out the effect of Loyalty, Work Discipline and Use of Information Technology on the Performance of Teaching Staff. The population of this research is all teaching staff at the Ummul Quro Al-Islami Bogor Modern Islamic Boarding School. The number of respondents taken in this research was 90 teaching staff. The sampling method used is Convenience Sampling. Based on the results of research and quantitative data analysis using the SPSS 20 program that has been carried out, it shows that: 1) 17.6% of the variation in teaching staff performance variables can be explained by the variables Loyalty, Work Discipline and Use of Information Technology; 2) Loyalty and Work Discipline have a significant positive effect on the Performance of Teaching Staff; 3) The use of Information Technology has a positive but not significant effect on the Performance of Teaching Staff; 4) Loyalty, work discipline and use of information technology simultaneously influence the performance of teaching staff; 5) There is a difference in the level of Loyalty between the teaching staff at MTS and MA at the Ummul Quro Al- Islami Bogor Modern Islamic Boarding School. The managerial implications of the conclusions in this study: 1) Pay more attention to the basic needs of the teaching staff and make full efforts to meet them; 2) Provide further awareness regarding the level of absenteeism among teaching staff, and further emphasize the existing rules by providing punishment and rewards for teaching staff who are often absent/late and who are always on time; 3) Further improve Islamic boarding school facilities in terms of developing technology to support the learning process, such as labs which are still minimal and not sufficient for needs and pay more attention to the ability of the teaching staff in using computers or by regularly providing courses or training for students. teaching staff.