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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 215 Documents
Islamic Work Ethics in Thwarting Knowledge-Hiding Behavior among Organization Members Muhammad Rasyid Abdillah; Rizqa Anita; Adi Rahmat; Zulhendra Zulhendra; Fahmi Oemar
IQTISHADIA 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.v16i2.21394

Abstract

Knowledge-hiding (KH) behavior is of particular concern in organizational and management studies because it can reduce the flow of knowledge and information in organizations. Thus, mechanisms that can minimize this behavior need to be identified, especially from an Islamic perspective. This study seeks to explain how Islamic work ethics may decrease or thwart employees from performing KH. In particular, the current study tries to explain the dual mediation mechanism that underlies this relationship, namely organizational citizenship behavior (OCB) and organizational commitment (OC). In order to verify the hypotheses, this study collected data from employees who work at Islamic banks in Pekanbaru City, Riau, Indonesia. Partial Least Square-Structural Equation Modeling (PLS-SEM) analysis was employed to verify the hypotheses proposed in the current study. This study revealed that Islamic work ethics can potentially limit or thwart workers from successfully performing their KH. Furthermore, this study found that organizational commitment and OCB mediate the mechanisms underlying the relationship.
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.
The Effect of Perceived Behavioral Control, Perceived Served Quality, Intention, and Trust on Zakat Compliance Behavior Mediated by Religiosity Takdir Takdir; Muhammad Nur Alam Muhajir; Erwin Erwin; Muzayyanah Jabani
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.v16i2.22777

Abstract

This study evaluates the relationship between perceived behavior control, perceived served quality, and zakat compliance behavior by using religiosity as a moderating variable and intention and trust as mediating variables. This study employs quantitative research by using a structured questionnaire from 200 Indonesian Muslim community respondents who are obligated to pay zakat al-Fitr and or zakat on wealth as a purposive sampling with specific criteria. The collected data are then analyzed using SEM-PLS. The results of the study reveal a significant effect of perceived behavior control on the intention with a significance value of less than 0.05 (0.000<0.05), and religiosity does not moderate the relationship between perceived behavior control and intention with a significance value of 0.374 (0.374>0.05). This study further shows that intention, perceived served quality, and trust have an effect on zakat compliance behavior with a significance value of less than 0.05 (0.000<0.05). Meanwhile, perceived served quality does not affect zakat compliance behavior (0.861>0.05). Furthermore, intention mediates the relationship between perceived behavior control and zakat compliance behavior (0.003<0.05), and trust mediates the relationship between perceived served quality and zakat compliance behavior with a significance value of less than 0.05 (0.000 <0.005). This study makes two distinct contributions in the areas of empirical analysis and policy implications. The results of this study contribute to the existing body of literature related to empirical evidence for the development of the Zakat compliance behavior model. In addition, it has the potential to facilitate the sustainable growth of zakat institutions.
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.
Collaborative Partnerships, Religious Reputation Culture, and Digital Tourism Promotion in Support of Halal Tourism Villages Windi Novia Ratri Wardhani; Purnomo Purnomo; Ratih Pratiwi
IQTISHADIA 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 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.
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 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.
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.
Non-Muslim Customer Acceptance Behavior Toward Halal Products in Yogyakarta Muhammad Baehaqi; Ragil Setyo Cahyono; Anton Prasetyo
IQTISHADIA 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.
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.