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Contact Name
Husnurrosyidah
Contact Email
kanjenxratu@gmail.com
Phone
+62291 432677
Journal Mail Official
iqtishadia@iainkudus.ac.id
Editorial Address
Program Studi Ekonomi Syariah Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Negeri (IAIN) Kudus Alamat: Jl. Conge Ngembalrejo PO BOX 51
Location
Kab. kudus,
Jawa tengah
INDONESIA
Iqtishadia: Jurnal Kajian Ekonomi dan Bisnis Islam
Core Subject : Economy,
IQTISHADIA, particularly focuses on the main problems in the development of the sciences of Islamic Economics and Business areas. It covers: Islamic Management Islamic Banking Islamic Microfinance Islamic Marketing Islamic Human Resources Islamic Finance Zakah ,Waqf and Poverty Alleviation Islamic Public Finance Islamic Monetary Islamic Economic Development Maqasid al-Sharia Institutional Economics Behavioural Economics and Finance Corporate Governance Risk Management Islamic law and Shariah issues in economics and Finance Securitization and Sukuk Islamic Capital Markets Insurance and Takaful Corporate Social Responsibility in Islam Other topics which related to this area.
Articles 8 Documents
Search results for , issue "Vol 16, No 1 (2023): IQTISHADIA" : 8 Documents clear
The Role of the National Economic Recovery Program on MSMEs’ Sustainability in the Perspective of Maqashid Sharia Muhammad Alfan Rumasukun
IQTISHADIA Vol 16, No 1 (2023): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v16i1.17684

Abstract

The purpose of this research is to identify the Implementation and Implications of Indonesian Government's National Economic Recovery (NER) Program on MSMEs in East Java Province with their harmony and relevance to Maqashid Sharia by Jasser Auda who has studied and aligned them with human activities and conditions in modern era. This study uses Policy Research with Qualitative Descriptive Approach. The data source is explored through an interview and documentation process from informants as MSMEs business people in East Java who have received assistance from the Government through the NER Program, which based on eachconfession that government assistance greatly helps the sustainability of their business in the midst of an economic crisis during the pandemic. As can be seen from the NER Program policy, positive results were obtainedfrom the implementation and implications of Government assistance through the program to MSMEs business actors in East Java Province. The program provides results that also meet the Maqashid Sharia standards stated by Jasser Auda. In addition, the policies carried out by the Government during the Pandemic were proven to be in accordance with the teachings of the Prophet Muhammad SAW and Umar bin Khattab when facing the Pandemic in their time.
Investigating E-Banking Service Quality in Islamic Banking: A Moderated Mediation Approach Defi Insani Saibil
IQTISHADIA Vol 16, No 1 (2023): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v16i1.16542

Abstract

The main objective of this study is to analyze the relationship between the quality of e-banking services and customer loyalty through e-satisfaction. It also aims to consider the role of self-efficacy as moderation from the perspective of internet banking and mobile banking in Islamic banking. This study employs WebQualTM and E-S-Qual as a measurement scale for e-banking service quality. In addition, the study also utilizes the moderated mediation approach to verifying the variables that influence customer loyalty in the context of Islamic banking e-platforms. Empirically, the findings show that self-efficacy, when operating as a moderator, has a considerable impact on the nexus between e-banking service quality and customer loyalty via e-satisfaction. This study also provides several theoretical contributions to the existing literature that underline the insight into loyalty, e-banking service quality, and customer psychological characteristics.
Improving Sharia Financial Inclusion through Advancements in Technology and Compliance with Sharia Principles Irham Zaki; Fanet Muhammad Hanifan Paham; M Bastomi Fahri Zusak
IQTISHADIA Vol 16, No 1 (2023): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v16i1.22116

Abstract

This study aims to analyze the role of technology implementation and Sharia compliance in Islamic financial institutions in improving financial inclusion in Indonesia. This study employs a case study method using descriptive and explanatory techniques to investigate the relationship between the utilization of technology and compliance with Sharia principles in Peer-to-Peer Lending applied by ALAMI Sharia for contributing to the promotion of financial inclusion in Indonesia. This study focuses on analyzing Peer-to-Peer Lending ALAMI Sharia as the primary subject, specifically in relation to its impact on financial inclusion. The results of this study are then presented in a descriptive narrative manner to describe the findings in the field. Based on the four financial inclusion criteria used in this study: product penetration, product availability, product use, and product quality, it is generally understood that the implementation of advanced technology at Sharia financial institutions plays a crucial role in improving financial inclusion by providing service efficiency both in cost and time. Similarly, implementing Islamic financial principles contributes to enhancing financial inclusion in Indonesia by creating appealing financial products that comply with Sharia principles. These products are believed to ensure the high quality of financial products. This study provides empirical evidence on the prospects and the function of technology-based Islamic financial institutions, which will be very valuable for stakeholders in both practical and academic fields.
The Impact of Productive Zakat on the Development of Mustahiq Businesses in Kecamatan Tualang Salsabila Marsa; Laily Dwi Arsyianti
IQTISHADIA Vol 16, No 1 (2023): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v16i1.16130

Abstract

The Covid-19 pandemic had a significant impact on the development of microbusiness. The restrictions of social activities decrease sales which have affected the capitalist economy. Productive zakat funds can be a solution in dealing with these problems. This research aims to determine the characteristics of mustahiq and their business and analyze the factors affecting mustahiq total revenue after distributing productive zakat during the Covid-19 pandemic and its impact. The contribution of research related to the effect of productive zakat can be helpful for several parties, such as the government, zakat management organizations, especially BAZNAS Siak Regency, and academics. The method used is descriptive analysis, multiple linear regression analysis, and paired t-test. The results showed a difference in the total revenue of business before and after productive zakat distribution during the Covid19 pandemic. The factors that positively and significantly affect business total revenue after the issuance of productive zakat during the Covid-19 are capital, the number of zakat funds, dummy education, and dummy business type. The business duration affects negatively and significantly; however, the respondents' age doesn't affect total revenue increments significantly.
Impacts and Implications of Macro Determinants Toward the Indonesian Sharia Stock Index Akhlis Auliya Rahman; Syukri Fathudin Achmad Widodo; Riyan Andni; Betania Kartika Muflih
IQTISHADIA Vol 16, No 1 (2023): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v16i1.23493

Abstract

This study aims to analyze the effect of inflation, interest rates, exchange rates, and the Indonesian Composite Stock Price Index (IHSG) on the Indonesian Sharia Stock Index (ISSI), which is based on the inconsistencies of previous studies regarding inflation results, interest rate results, exchange rate results, as well as the results of the ISHG against the ISSI. This study uses a quantitative approach. The research data source uses secondary data in the first quarter of 2012 – fourth quarter of 2022 in the form of the closing price of the ISSI from https://www.ojk.go.id/ then the closing price for inflation, interest rates, exchange rates from https://www. ojk.go.id/ www.bi.go.id/, and the closing price of the Indonesian composite index from https://finance.yahoo.com/, which were processed using SPSS 26 software with multiple linear analysis. The results showed that inflation, interest rates, and exchange rates partially had no significant effect on the ISSI. Meanwhile, the IHSG had a significant effect on the ISSI. The variables of inflation, interest rates, exchange rates, and the IHSG simultaneously affect the ISSI. These results have implications for policymakers regarding the Islamic capital market.
Moderating effect of profitability: An analysis of factors that determine firm value in the Jakarta Islamic Indeks Andi Amri; Ardio Sagita; Ramadhi Ramadhi
IQTISHADIA Vol 16, No 1 (2023): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v16i1.22396

Abstract

The value of a firm is often examined by linking the factors that influence on its value. However, this method is no longer adequate because profitability also has a significant role in determining the value of a firm. Thus, incorporating the role of profitability in strengthening firm value is a necessary further step. This quantitative research uses samples of all JII companies within five years, from 2016 to 2020. Seventy financial statements were obtained as samples. Secondary data were obtained through the company website and www.idx.go.id. The analysis of data adopted was the Structural Equation Modelling (SEM) with the help of Smart PLS software. The findings show that the liquidity and debt policy have a positive and significant effect on firm value, but the capital structure, dividend policy, and profitability have no effect on firm value. Meanwhile, profitability has an effect as a moderator in the relationship between liquidity and debt policy on firm value. Nevertheless, profitability has no effect on the relationship between capital structure and dividend policy on firm value. This study could have practical implications whereby investors are more aware that stocks listed in the JII also have bright prospects in addition to their conventional counterparts.
Green Sukuk Development Strategy in Indonesia: ANP-SWOT Approach Khairanisa Alhaq; Tita Nursyamsiah; Marhamah Muthohharoh
Iqtishadia: Jurnal Kajian Ekonomi dan Bisnis Islam Vol 16, No 1 (2023): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v16i1.16312

Abstract

Green sukuk are State Sharia Securities (SBSN) that put forward the concept of financing programs for environmentally friendly projects. However, since the issuance of this instrument, the number of green sukuk is still small compared to other SBSNs. This study aims to identify strengths, weaknesses, opportunities, threats, and solutions and develop strategies for developing green sukuk in Indonesia. The Analytic Network Process with a SWOT (Strength-Weakness-Opportunity-Threat) network structure is used. Respondents in the study amounted to five experts, consisting of academics, regulators, and practitioners. The results show that opportunities are a top priority in supporting the development of green sukuk. The most influential variables of strengths, weaknesses, opportunities, and threats are green sukuk which impacts reducing greenhouse emissions and preserving the environment. The number and types of funded projects are limited, increasing public awareness of environmentally friendly sustainable lifestyle trends and reputational risks. The priority strategy for developing green sukuk in Indonesia is increasing awareness of the issue of climate change.
Event Study of Announcement Impacts on Redirecting Fuel Subsidies towards Sharia Stock Performance Siti Amaroh; Husnurrosyidah Husnurrosyidah; Badingatus Solikhah
IQTISHADIA Vol 16, No 1 (2023): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v16i1.23484

Abstract

This study aims to examine if there is a difference in the average abnormal return and trading volume of Sharia shares listed on the Jakarta Islamic Index before and after the announcement of the diversion fuel subsidy on September 3, 2022. The study was conducted on a sample of 30 company issuers of Sharia shares with an observation period of 10 days before and after the release of a public announcement. The data was analyzed using both the paired sample t-test and the Wilcoxon Signed Rank Test, taking into consideration the normality of the data. The results show that the announcement of diversion subsidies for fossil fuels does not lead to significant changes in the average abnormal returns before and after the announcement. Meanwhile, the Average Trading Volume Activity displays discrepancies before and after the release. This result implies that investors are not responsive to changes in the price of fossil fuels and instead opt to wait before making the decision to either buy or sell shares in the Sharia trade.

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