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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
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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 134 Documents
Collaborative Partnerships, Religious Reputation Culture, and Digital Tourism Promotion in Support of Halal Tourism Villages Windi Novia Ratri Wardhani; Purnomo Purnomo; Ratih Pratiwi
Iqtishadia: Jurnal Kajian Ekonomi dan Bisnis Islam Vol 16, No 2 (2023): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v16i2.24039

Abstract

This study focuses on two primary aspects of investigation. Firstly, it examines the digital methods that Small to Medium Tourism Enterprises (SMTEs) utilize and collaborative patterns with branding strategies to cultivate halal tourism villages. It employs a qualitative descriptive approach within the social phenomenology framework. Secondly, it identifies the most suitable alternative for SMTEs’ development using a Quantitative Strategic Planning Matrix (QSPM). The research concludes that enhancing SMTEs involves a multifaceted approach, including effective planning, digital transformation, fostering collaboration, and investing in halal-friendly infrastructure with standardization in halal certification. Through a qualitative approach and QSPM analysis, the study identifies strategic priorities like collaborative partnerships, religious reputation culture implementation, and digital tourism promotion as crucial strategies for SMTEs’ success. This research significantly contributes to the development of halal tourism enterprises by involving a unique context, employing less common methodology, and focusing on sustainable development. The limitations of this study pertain to the impact of uncontrollable external changes, while the future research agenda explores predictive modeling and regional comparisons to advance further the understanding of strategy outcomes in halal tourism development.
The Effect of Materialism and Hedonic Shopping Toward Impulse Buying of Muslim Consumer: A Moderating Role of Religiosity Rusanti, Ega; Yuningsih M., A. Alfira; Kamil, Muhammad Ahsan
Iqtishadia: Jurnal Kajian Ekonomi dan Bisnis Islam Vol 17, No 1 (2024): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v17i1.25197

Abstract

This paper aims to explore the extent to which matrealism and hedonic shopping behavior encourage Muslim consumers to make impulse purchases with the role of religiosity as a moderating variable. Convenience sampling was used to collect primary data from 150 general public and structural partial least squares modeling (PLS-SEM) was used to analyze the data. The study find that materialism has a positive and significant effect on impulse buying of Muslim consumers, hedonic has a positive and significant effect on impulse buying of Muslim consumers, religiosity has a negative and insignificant effect on impulse buying of Muslim consumers, while religiosity does not moderate the relationship between materialism and hedonic behavior on impulse buying in Muslim consumers. This research is limited to random respondents with a very small sample. Hence, further research is expected to be able to select a more purposive sample and use other variables that have not been explored more deeply in this study. This paper provides to the renewal of literature on aspects that encourage impulsive buying behavior, namely hedonic shopping and materialism and religiosity which also plays a role in moderating consumers in suppressing impulsive buying decisions of Muslim consumers in Indonesia.
Non-Muslim Customer Acceptance Behavior Toward Halal Products in Yogyakarta Muhammad Baehaqi; Ragil Setyo Cahyono; Anton Prasetyo
Iqtishadia: Jurnal Kajian Ekonomi dan Bisnis Islam Vol 16, No 2 (2023): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v16i2.21971

Abstract

This research aims to generate practical empirical insights into the acceptance behavior of non-Muslim consumers towards halal products in Yogyakarta. The foundational framework employed for this study is Ajzen’s Theory of Planned Behavior (TPB), with the incorporation of determinants such as knowledge and religiosity, along with the integration of habit-related variables. The study was conducted in Yogyakarta Province, considered a microcosm of Indonesia, representing the diversity of subjects relevant to this research. Data was collected from five regencies/cities in Yogyakarta by administering questionnaires and analyzed using the Structural Equation Model (SEM) with the wrapPLS 7.0 application. The findings reveal that all variables positively influence acceptance attitudes and behaviors. Nonetheless, certain variables do not significantly contribute to the outcomes. Acceptance attitudes and behaviors are primarily shaped by the subjective norm variables and planned behavior control, and this aligns with theoretical expectations. The research outcomes establish interpersonal behavior as a suitable model for further development into a behavioral framework for the acceptance behavior of nonMuslim consumers towards halal products. Theoretically, this research initiates a discourse in the domain of consumer behavior theory, specifically in the realm of interpersonal behavior. In practical terms, the findings can aid businesses in tailoring their communication strategies with customers.
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.
The Mediating Role of Satisfaction between Emotional Values, Social Values, and Behavioral Intentions of Muslim Students Yusmedi Nurfaizal; Hindah Mustika
Iqtishadia: Jurnal Kajian Ekonomi dan Bisnis Islam Vol 16, No 2 (2023): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v16i2.24040

Abstract

The study focuses on the behavior of Muslim students’ intentions to revisit halal tourist attractions that have added value. Additionally, it explores the act of revisiting Borobudur Temple as a means of fostering a sense of patriotism and national pride. This study contributes to the existing body of literature on perceived value by investigating the relationship between emotional values, social values, and satisfaction as a mediating factor. The study involves a significant number of participants, including 115 Muslim students living in the Java province. The existing circumstances are transitioning into the new normal, requiring the ongoing implementation of environmental health policies due to the presence of COVID-19. The data analysis utilizing Partial Least Squares (PLS) reveals that emotional and social values have a positive impact on Muslim students’ intention to engage in repetitive behavior. This study also found that there was an indirect influence of the satisfaction variable as a mediation. The primary elements that contribute to enhancing the motives of Muslim students to revisit Borobudur Temple are behavioral intentions and the satisfaction of Muslim visitors. Furthermore, it is essential for stakeholders in tourism-related businesses to enhance awareness and support the development of halal tourism by offering halal tourism services and recognizing its potential as a thriving sector within the tourism industry.
Firm Characteristic, Islamic Corporate Social Responsibility, and Implementation of Environmental Management Accounting (EMA) Ni’mah Nur Afifah; Nor Hadi; Adelina Citradewi
Iqtishadia: Jurnal Kajian Ekonomi dan Bisnis Islam Vol 16, No 2 (2023): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v16i2.23063

Abstract

This article aims to empirically examine the effect of industry sensitivity, public ownership, and Corporate Social Responsibility (CSR) on the implementation of Environmental Management Accounting (EMA). The three independent variables test the contingency theory in the form of a contingent or contextual variable relationship in encouraging the implementation of the EMA. This study uses secondary data to collect data using the documentation method in the annual report and sustainability report in 2021. The sample was determined using purposive sampling, consisting of 46 manufacturing firms in the basic and chemical industries, mining, and consumer goods industries registered at the Indonesia Stock Exchange (IDX). Data processing employs Ordinary Least Squares (OLS). The results showed that two of the three hypotheses were rejected, namely, industry sensitivity (H1 ) and public ownership (H2 ), indicating no effect on EMA, while Islamic Corporate Social Responsibility (ICSR) (H3 ) indicated an influence on EMA. The test results imply that contingencies considerations in the form of high-cost ICSR alignments and not necessarily recommendations in conventional accounting recognition encourage the implementation of EMA. It is necessary to determine the suitability of the contingency variables in encouraging the implementation of the EMA.
Event Study of Announcement Impacts on Redirecting Fuel Subsidies towards Sharia Stock Performance Siti Amaroh; Husnurrosyidah Husnurrosyidah; Badingatus Solikhah
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.v16i1.23484

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.
Fostering Cultural Harmony: Economic Empowerment of Ethnic Chinese within the Minangkabau Philosophical Framework in Padang City Cahya, Bayu Tri; Sukardi, Agung Slamet; Andriasari, Widi Savitri; Atieq, Muhammad Qoes; Ali, Nor Aishah Mohd
Iqtishadia: Jurnal Kajian Ekonomi dan Bisnis Islam Vol 17, No 1 (2024): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v17i1.29021

Abstract

This study explores the intersection of cultural beliefs and spatial dynamics shaping the economic activities of the ethnic Chinese community in Padang City, focusing on their empowerment through Minangkabau traditional philosophy. The research highlights how cultural values deeply influence identity, social interactions, and economic opportunities within a pluralistic society. A qualitative ethnographic approach was used to gather insights from key community members, including Minangkabau and non-Minangkabau residents, as well as the Tungku Tigo Sajarangan, which consists of ninik mamak (tribal leaders), alim ulama (religious scholars), and cadiak pandai (intellectuals). Interviews centered on cultural and economic integration, exploring how traditional Minangkabau norms intersect with ethnic Chinese values. The research reveals that the Minangkabau traditional philosophy fosters an environment of coexistence, allowing the ethnic Chinese community to practice their cultural traditions without violating the overarching norms of "Adat Basandi Syarak, Syarak Basandi Kitabullah”. This cultural harmony supports economic engagement while respecting Confucian principles, which coexist with Minangkabau values. This study broadens the discourse on multiculturalism and economic interactions by highlighting how Minangkabau and Confucian values coexist within a shared economic and cultural space. The research provides new insights into the role of traditional philosophy in fostering economic inclusivity.
Antecedents of Tawhidic Culture for Developing Sustainable Competitive Advantage Through a Strategic Approach
Iqtishadia: Jurnal Kajian Ekonomi dan Bisnis Islam Vol 17, No 2 (2024): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v17i2.30218

Abstract

This article aims to empirically prove a new theoretical approach developed to address the gap in prior research regarding the impact of organizational learning on sustainable competitive advantage from the perspective of a shared vision. It focuses on tawhidic culture that is aligned with the exploitation and exploration of knowledge. The design research was conducted by distributing a questionnaire to 117 respondents from 54 private universities in Central Java, Indonesia. The data obtained from the questionnaires was then processed using the structural equation modeling (SEM) technique. The research findings indicate that implementing tawhidic culture in a private university in Central Java has a positive impact towards sustainable competitive advantage. This impact occurs when tawhidic culture is effectively integrated into all aspects of the institution, including the development of a shared vision through a tawhidic culture, which positively influences the realization of sustainable competitive advantage. The positive influence of a tawhidic culture on enhancing sustainable competitive advantage is also evident when there is an increase in knowledge exploration. This article presents a novel research variable, tawhidic culture, which is constructed based on the integration of the resourcebased view (RBV) theory of strategic assets with the tahidic paradigm. This variable serves as a foundation for enhancing sustainable competitive advantage
Financing Risk Mitigation Strategy with Governance Approach, Local Wisdom, and Religiosity at Sharia Rural Bank (BPRS) of Riau
Iqtishadia: Jurnal Kajian Ekonomi dan Bisnis Islam Vol 17, No 2 (2024): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v17i2.29956

Abstract

This study presents an innovative approach to financing risk mitigation strategies at BPRS in Riau by identifying causal factors, solutions, and strategies. Using a qualitative approach with the Analytic Network Process (ANP) method involving regulators, practitioners, and academics to reveal the interconnection between internal and external factors, sociocultural dimensions, and religiosity affecting financing performance. The findings show that implementing good governance, community and local wisdom, and religious values in the customer selection process reduces financing risks and strengthens the relationship between Sharia Rural Bank (BPRS) and the community. The results of this study provide significant contributions to developing a more comprehensive and sustainable risk mitigation framework, policies, and practices for BPRS in Riau, inspire the application of similar principles in other Islamic financial institutions, and encourage regulators to develop regulations to support the development of BPRS.