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Contact Name
Eko Fajar Cahyono
Contact Email
ekofajarc@feb.unair.ac.id
Phone
+6285645454959
Journal Mail Official
aijief@journal.unair.ac.id
Editorial Address
Islamic Economics Departement Faculty Of Economics and Bussines Universitas Airlangga Jl. Airlangga No. 4-6, Surabaya 60286, Indonesia Telp. 031-5033642, 031-5036584 ext. 144, Fax 031 026288
Location
Kota surabaya,
Jawa timur
INDONESIA
Airlangga International Journal of Islamic Economics and Finance
Published by Universitas Airlangga
ISSN : 25799169     EISSN : 26158205     DOI : 10.20473/aijief.v3i2.23878
Core Subject : Economy,
Airlangga International Journal of Islamic Economic and finance (AIJIEF) publishes quality and in-depth analysis of current issues within Islamic finance and Islamic economics. The journal welcomes robust evidence-based empirical studies and results-focused case studies that share research in product development and clarify best practices. The central theme of the paper received in Airlangga International Journal of Islamic Economics and finance (AIJIEF) is the study of international Islamic economics and international Islamic finance. What is meant by the theme is a case study of Islamic economics and Islamic finance in the Asia Pacific region, especially Southeast Asia, or a case study of Islamic economics and Islamic wear that occurs in member countries of the Islamic Conference Organization. All the main themes mentioned in the previous paragraph Airlangga International Journal of Islamic Economic and Finance (AIJIEF) also accept papers with the themes of Islamic economics and Islamic finance. The spread of Islamic finance and Islamic economics include: 1. Islamic finance: Fundamentals, trends, and opportunities in Islamic Finance Islamic banking and financial markets Risk Management Corporate finance Investment strategy Islamic Sosial Finance Financial Planning Housing Finance Legal and regulatory issues 2. Islamic economics: Islamic Microeconomy Islamic Macroeconomy Islamic Monetary Economy Zakah, Waqf and Sadaqoh Economics of Natural Resource and Environment in Islamic Economics
Articles 85 Documents
IMPACT OF THIRD-PARTY FUNDS, FDR, AND NPF ON ROA OF INDONESIAN ISLAMIC BANKS Anisa Ayuni; Zulfanda Riqsya Firizqi; Rachmania Nurul Fitri Amijaya
Airlangga International Journal of Islamic Economics and Finance Vol. 9 No. 01 (2026): January-June 2026
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/aijief.v9i01.66424

Abstract

This study aims to analyze the effects of Third-Party Funds (TPF), Financing to Deposit Ratio (FDR), and Non-Performing Financing (NPF) on Return on Assets (ROA) in Sharia Commercial Banks in Indonesia during the period August 2017 to July 2024. This study uses secondary data obtained from the Financial Services Authority (OJK) and analyzed using the Vector Error Correction Model (VECM) approach. The results show that TPF and FDR have a significant negative effect on ROA, while NPF has no significant effect. The policy implications suggest that Islamic bank management should implement more measured strategies in balancing fund collection and financing distribution, as well as strengthening liquidity risk mitigation to maintain profitability stability amid economic fluctuations.
OPTIMIZATION OF ZIS FUND COLLECTION AT LAZISMU GRESIK REGENCY, INDONESIA, TO IMPROVE THE NATIONAL ZAKAT INDEX Walid In'am Ahmad; Sirajul Arifin; Mugiyati
Airlangga International Journal of Islamic Economics and Finance Vol. 9 No. 01 (2026): January-June 2026
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/aijief.v9i01.74363

Abstract

This study aims to analyze the optimization strategy of ZIS fund collection at LAZISMU in Gresik Regency and how it impacts the increase in the national zakat index. The research method uses a qualitative approach based on literature review studies. This study aims to understand individual and group behavior relate to ZIS fund collection within natural institutional setting through a literature review approach. The originality of this study lies in its specific focus on local zakat institutions, particularly LAZISMU Gresik, which has rarely been the subject of in-depth academic study in relation to its contribution to the National Zakat Index. The finding reveals that optimizing ZIS fund collection requires strategic planning, community-based innovation such as the KOMDIG LAZ model, and local engagement to significantly enhance zakat collection outcomes. However, the study is limited by its reliance on secondary data and literature review, which may not fully capture the dynamic practices and challenges in the field. Practically, the findings provide useful insights for zakat institutions, especially local LAZ, to develop effective and scalable fundraising strategies that can contribute more directly to national zakat development indicators.
MISSION-DRIVEN HRM IN NON-PROFIT ORGANISATION: A SYSTEMATIC REVIEW OF PLANNING PRACTICES AND CHALLENGES Benny Nur Miftahul Ulum; Tika Widiastuti; Ari Prasetyo; Arva Athallah Susanto
Airlangga International Journal of Islamic Economics and Finance Vol. 9 No. 01 (2026): January-June 2026
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/aijief.v9i01.78473

Abstract

This study examines human resource (HR) planning in non-profit organisations, focusing on mission-driven approaches to address the sector’s unique challenges. Non-profits often operate under budget constraints, face high turnover, and depend heavily on volunteer labour, necessitating HR strategies that move beyond conventional models. Using a Systematic Literature Review (SLR), we analysed 47 peer-reviewed studies published between 2014 and 2024, identified through the Scopus database. A PRISMA-based screening process guided the selection, ensuring transparency and replicability. The synthesis of the literature reveals five key themes: (1) integration of Corporate Social Responsibility (CSR) into HRM, (2) the role of social economy and innovation in public services, (3) welfare-focused leadership, (4) ethical engagement to foster commitment, and (5) volunteer performance management. Quantitative mapping also shows diverse geographic distributions and methodological approaches across the studies. The findings highlight the importance of aligning HRM strategies with organisational values to sustain workforce motivation and maximise social impact. The study contributes by offering a holistic HR planning framework tailored to non-profits, providing both theoretical insights and practical guidance for enhancing sustainability and advancing the sector’s mission.
THE DETERMINANTS OF RURAL-URBAN INEQUALITY IN OIC COUNTRIES Nisa Rahma Fadila
Airlangga International Journal of Islamic Economics and Finance Vol. 9 No. 01 (2026): January-June 2026
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/aijief.v9i01.79107

Abstract

Rural-urban inequality is one of many economic development problems faced by OIC countries which most of them are developing countries. The aim of the study is to examine determinants of rural-urban inequality in OIC countries from 2009 – 2018. This study employs a quantitative method with panel data analysis. The examined explanatory variables are economic growth, financial development index, government expenditure, inflation, unemployment rate, trade openness, foreign direct investment, population growth, and human development index. Data was obtained from the official websites of the World Bank, IMF, and UNDP. Result of the study finds that economic growth, financial development index, government expenditure, unemployment rate, population growth, and human development index statistically significantly affect rural-urban inequality. The policy implications recommended in this study are that policymakers in OIC countries are advised to increase economic growth through improving financial sector performance, government spending, and improving the quality of human resources. This study contributes to the expanding literature on the still under-researched rural-urban inequality and, to the best of the author's knowledge, this study is the first study to examine the rural-urban inequality in countries across continents.
DISPUTE RESOLUTION FOR SUKUK IN INDONESIA: REGULATORY FRAMEWORK AND SHARIAH COMPLIANCE CHALLENGES Kurniagung Nur Cahyono; Syafwendi Syafril
Airlangga International Journal of Islamic Economics and Finance Vol. 9 No. 01 (2026): January-June 2026
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/aijief.v9i01.87249

Abstract

Sukuk is a prominent Islamic capital market instrument that requires not only Shariah-compliant structuring at the issuance stage but also a dispute resolution mechanism that remains consistent with Shariah principles. In Indonesia, the rapid growth of sukuk issuance has not been accompanied by a comprehensive and explicit regulatory framework governing dispute resolution, potentially creating legal uncertainty and Shariah non-compliance risks. This study employs a normative legal research method using statutory and conceptual approaches to examine the regulation of sukuk dispute resolution in Indonesia. Primary legal materials consist of Financial Services Authority regulations (POJK) and fatwas issued by the National Shariah Council–Indonesian Ulama Council, supported by relevant scholarly literature. The analysis focuses on the role of Religious Courts and alternative dispute resolution mechanisms, as well as the implications of overlapping jurisdiction with the general judiciary, particularly in bankruptcy and restructuring cases. The findings indicate that the absence of clear regulatory provisions and the reliance on non-binding fatwas may weaken legal certainty and expose sukuk disputes to outcomes that are not fully aligned with Sharīʿah principles. This study highlights the need for clearer regulatory harmonization to strengthen Shariah compliance and support the sustainable development of the sukuk market in Indonesia