Journal of Islamic Economic and Business Research
Journal of Islamic Economic and Business and Research is a scientific journal which has specialization of research in Islamic Economic and Business Research. Islamic Economic and Business Research is strategic issues in the world because its role and benefit to societies. Therefore, this issue need more deelpy extractive through a research. We hope that JIEBR can collect all of researchers or academicians to contribute their ideas as a solution to increase the developing of Islamic Economic and Business research in this world. Research publications in JIEBR covers various topics about Islamic Economics, Islamic Philanthropy, Halal Industry, Islamic Finance, Islamic Business Management, Entrepreneurship, and other relevant topics.
Articles
83 Documents
<![CDATA[Analysis Prediction of Financial Distress in Islamic Commercial Banks in Southeast Asia Using the Springate S-Score Method ]]>
<![CDATA[Anisa Septiawan]]>;
<![CDATA[Hilda Monoarfa]]>;
<![CDATA[Aneu Cakhyaneu]]>
<![CDATA[ Journal of Islamic Economic and Business Research Vol. 4 No. 1: June 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta ]]>
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DOI: 10.18196/jiebr.v4i1.232
<![CDATA[Financial distress is a condition of financial difficulties before entering the bankruptcy stage, so bankruptcy itself is the impact of financial distress, and the company can no longer be saved. The chaotic economy caused by the COVID-19 pandemic had a negative impact on various sectors, especially Islamic banking institutions, which experienced a decline in financial performance and even experienced financial distress. The purpose of this study is to analyze the prediction of financial distress in Islamic Commercial Banks in Southeast Asia using the Springate S-Score method, as well as to see and determine differences in the level of financial distress in each Islamic Commercial Bank that is used as the research sample. The research method used in this research is quantitative, and the research design used is descriptive and comparative. This study used a purposive sampling technique with a sample of 4 Islamic Commercial Banks in Southeast Asia with a 5 year research period. The data analysis applied descriptive analysis techniques, the Springate S-Score method, and the ANOVA Test. The results of this study indicate that each Islamic commercial bank used as a sample is categorized as distressed based on Springate calculations for the 2017-2021 period, and there are differences in financial distress conditions at each bank.]]>
<![CDATA[Exploring the Impact of Monopolistic Practices on the Nigerian Economy: An Islamic Perspective ]]>
<![CDATA[Nurudeen Hanafi Olushola]]>
<![CDATA[ Journal of Islamic Economic and Business Research Vol. 4 No. 1: June 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta ]]>
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DOI: 10.18196/jiebr.v4i1.241
<![CDATA[The economy is the backbone of the success of any country. A failure in its domain is equivalent to failure in other aspects. Nigeria, the most populous country in Africa, which has been considered a land of vast economic potential, is still struggling to actualize this prospect due to some imperfections. Monopoly hugely contributes to market imperfection, and its effects can be constraints on economic growth. The issue had arisen since the advent of Islam, whereby it was used as a strategy to maximize profit. The Islamic system believes in the co-existence of an economic public sector along with the private sector. Though Islam frowns at any market imperfection that can lead to paroxysms of increasing prices for both suppliers and consumers, it also pinpoints regulatory measures. The study, therefore, adopted a qualitative method, which was used to review related and relevant literature on the concept of monopoly, and interviews were also conducted to gather information on the practice and effect of monopoly. The paper revealed that among the regulatory measures used to control this market imperfection was Ḥisbah. The study exposed that killing the sense of competitiveness in the market is the most atrocious effect of monopoly on the Nigerian economy. The paper also found that the Nigerian economy can regain its breath and fame if these measures can be applied to control the juggernauts' engineering in the market either by halting the competitive market, hoarding, or proportioning scarcity. The study recommended that the government should play its role as an overall investigating force over the prices dictated by the public and private sectors.]]>
<![CDATA[Sustainability of Sharia Effects: Evidence from the Markets of Indonesia and Malaysia ]]>
<![CDATA[Adi Gunanto]]>;
<![CDATA[Siti Aisyah]]>;
<![CDATA[Mohammad Ridwan]]>;
<![CDATA[Sofyan Syamsuddin]]>;
<![CDATA[Munzir]]>;
<![CDATA[Sunarmi]]>
<![CDATA[ Journal of Islamic Economic and Business Research Vol. 4 No. 1: June 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta ]]>
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DOI: 10.18196/jiebr.v4i1.260
<![CDATA[This study is designed to assess the empirical impact of increased profitability, leverage, and carbon emission disclosure on the scale of sustainability reporting. A quantitative method was chosen as the primary approach, relying on secondary data as a source of information. Observations were conducted on manufacturing entities listed in the Sharia Securities List in Indonesia and Malaysia during the period from 2021 to 2023, using purposive sampling techniques resulting in a sample of 105 companies. Descriptive and verificative statistical methods were employed for data analysis, including panel data regression using fixed effects models. Eviews 12 software was adopted as the analytical tool. The empirical findings of this research indicate that increased profitability and carbon emission disclosure significantly contribute to the expansion of sustainability reporting disclosure. On the other hand, increased leverage does not have a significant negative impact on the scale of sustainability reporting disclosure.]]>
<![CDATA[Muslim Gen Z Investment Decision: An Analysis Using Social Media Factors ]]>
<![CDATA[Mega Noerman Ningtyas]]>;
<![CDATA[Nur Laili Fikriah]]>;
<![CDATA[Ayub Wijayati Sapta Pradana]]>
<![CDATA[ Journal of Islamic Economic and Business Research Vol. 4 No. 1: June 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta ]]>
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DOI: 10.18196/jiebr.v4i1.292
<![CDATA[Seventy-one point five million (71,5 million or 26,4 percent) people in Indonesia are classified as Gen Z. Indonesia is the largest Muslim-majority country, with a significant portion of its population belonging to Gen Z. It is our concern to explore the potential of Muslim Gen Z. Furthermore, in the digital era, Muslim Gen Z’s investment decisions are increasingly influenced by social media where they can easily get various information. This study analyzes both the direct and indirect effects of social media, digital financial literacy, and investment decisions. We used a quantitative approach. Data were collected from 175 Gen Z investors through an online questionnaire and analyzed using path analysis with SEM-PLS. Our findings reveal that social media enhances digital financial literacy, which in turn positively affects investment decisions. Also, digital financial literacy enhances investment decisions among Muslim Gen Z. These results suggest that while social media can be a valuable resource for improving financial literacy, the reliability and depth of information from online communities may be insufficient for making informed investment decisions. Our study provides insights for investors to develop effective strategies and for policymakers to enhance financial education initiatives.]]>
<![CDATA[User Sentiment Analysis Towards Islamic Banking Applications in Indonesia ]]>
<![CDATA[Arif Lubis, Fauzi]]>
<![CDATA[ Journal of Islamic Economic and Business Research Vol. 4 No. 1: June 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta ]]>
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DOI: 10.18196/jiebr.v4i1.342
<![CDATA[This study aims to analyze user sentiment towards Islamic banking applications in Indonesia, focusing on Islamic banking applications that have the lowest ratings on Google Playstore. The analysis was conducted to understand perceptions, satisfaction, and factors that influence user experience towards both applications in the context of Islamic economics. The research method used is a quantitative approach with sentiment analysis techniques on user reviews taken from Google Playstore. Data was collected by scraping user reviews and analyzed using the Natural Language Processing (NLP) method to identify positive and negative sentiments. In addition, descriptive analysis was used to explore the main themes that emerged in the user reviews. The results showed that the trust factor was the main contributor to positive sentiment, reaching 45.16% of the total positive sentiment. The feature factor was also significant, contributing 27.90%, while the Sharia aspect factor contributed 6.29%. The technical and service factors contributed 11.61% and 5.97%, respectively. These findings indicate that trust in the application, including security and integrity, as well as relevant features, is an essential element in shaping positive user sentiment. This study provides valuable insights for Islamic banking application developers and related parties to understand user needs and expectations. In addition, these findings highlight the importance of improving aspects of trust and application features to increase user satisfaction and loyalty. These findings contribute to the literature on Islamic economics and Islamic banking app development in the digital era and provide practical guidance to improve application performance in the Indonesian digital banking market.]]>
<![CDATA[Stabilizing Economic Growth Since Covid-19 Pandemic: Evidence from OIC Country ]]>
<![CDATA[Ariyani, Diyah]]>;
<![CDATA[Waharini, Faqiatul Mariya]]>
<![CDATA[ Journal of Islamic Economic and Business Research Vol. 4 No. 2: December 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta ]]>
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DOI: 10.18196/jiebr.v4i2.245
<![CDATA[This research investigated how the government stabilized its economy in terms of government spending during the global crisis of the COVID-19 pandemic. This study also tried to identify whether there is a difference in the amount of government spending from the aspect of government spending before the global crisis of the COVID-19 pandemic and after the global crisis of the COVID-19 pandemic. The data covered all members of the Organization of Islamic Cooperation (OIC) spread across 4 continents. In looking at which factors affect economic growth, multiple linear regression is used, and a comparative test is carried out by conducting a Different Paired Sample T-Test. After testing in this study, researchers found that there were differences in government policies in terms of government spending carried out before the global crisis of the COVID-19 pandemic and after the global crisis of the COVID-19 pandemic. The independent variables used in the study had a significant positive influence except for the population. This research also shows that the government's efforts to maintain economic growth by increasing government spending are policies that have been implemented globally. This research is expected to provide recommendations for policies that can be implemented by the government in an effort to stabilize the economy, including increasing per capita income, increasing the human development index, and increasing trade activities abroad and domestically.]]>
<![CDATA[Predicting Muslim Female Customer Retention Through Islamic Marketplace Attractiveness ]]>
<![CDATA[Riofita, Hendra]]>
<![CDATA[ Journal of Islamic Economic and Business Research Vol. 4 No. 2: December 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta ]]>
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DOI: 10.18196/jiebr.v4i2.282
<![CDATA[This study aims to employ Islamic marketplace attractiveness to predict Muslim female customer retention and price attributes to trigger the predictor effect to encourage Islamic marketplaces to lead Indonesian e-commerce. The data were processed with SPSS and Amos programs and collected through the questionnaire filled in by 407 respondents taken using purposive, snowball, and non-probable sampling methods in a survey conducted for 2 months. The respondents were Muslim female customers who had experience purchasing fashion products in Islamic marketplaces. The Findings show that Islamic marketplace attractiveness is the predictor of Muslim female customer retention. Meanwhile, price attributes partially trigger the Islamic marketplace attractiveness effect on Muslim female customer retention. The findings are insights from Indonesia for developing countries, especially for Muslim developing countries, to encourage Islamic marketplaces to lead e-commerce, especially for their digital economic growth, by predicting Muslim female customer retention. All research constructs can implement the Theory of Reasoned Action in an e-commerce context. Since the theory reveals that behavior is determined by a predictor, Islamic marketplace attractiveness is the predictor of Muslim female customer retention on Islamic marketplaces. Meanwhile, price attributes are the trigger for the predictor effect on Muslim female customer retention.]]>
<![CDATA[Towards Sustainable Development: Ibn Ashur's Insights on the Impact of Productive Zakat for Achieving SDGs ]]>
<![CDATA[Citaningati, Putri Rizka]]>
<![CDATA[ Journal of Islamic Economic and Business Research Vol. 4 No. 2: December 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta ]]>
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DOI: 10.18196/jiebr.v4i2.299
<![CDATA[In the Islamic community, discussions on zakat utilization often center around its most effective use. Some believe that zakat should only be distributed to the eight categories of mustahik, while scholars like Ibn Asyur suggest that zakat can be used productively when applied with the right intentions and methods. This study investigated how productive zakat can contribute to Sustainable Development Goals (SDGs), particularly supporting economic and human advancement. This study used an explanatory qualitative approach with secondary data to reconstruct the theoretical and empirical frameworks that assess the impact of zakat productive distribution by zakat amil institutions. These institutions adhere to the principles of wasilah (means) and maqsud (intention) in the productive use of zakat funds productively to Ibn Asyur's contemporary maqasid Sharia perspective. Zakat can fulfill essential human needs, benefiting both mustahik and society at large. The findings suggest that productive zakat contributes significantly to poverty reduction, health improvement, educational access, economic growth, and environmental sustainability, aligning closely with the objectives of the SDGs.]]>
<![CDATA[Can Halal Tourism in Lombok be Sustainable? A Case Study of Stakeholder Perspective ]]>
<![CDATA[Puput Yanita Senja]]>;
<![CDATA[Wahyu Dian Silviani]]>;
<![CDATA[Syed Muhammad Abdul Rehman Shah]]>
<![CDATA[ Journal of Islamic Economic and Business Research Vol. 4 No. 2: December 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta ]]>
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DOI: 10.18196/jiebr.v4i2.309
<![CDATA[This study explores the potential of Indonesia, particularly Lombok, as a leading halal tourism destination. Despite being ranked first in the Global Muslim Travel Index (GMTI) by 2023, Indonesia has yet to meet its target of attracting 25% of foreign tourists as Muslims by 2022. Lombok plays a key role in this vision, yet stakeholders hold divergent views on the sustainability of halal tourism there. Discussions on the business and environmental aspects of halal tourism, with respect to stakeholder synergy and innovation, are still limited. This research aims to examine how stakeholders perceive halal tourism in Lombok and the ways in which they collaborate and innovate to ensure its sustainability. A qualitative approach was employed, using a case study method. Data were collected through in-depth interviews with five purposively selected stakeholders, chosen for their significant involvement in sustaining halal tourism. The data were analysed using Atlas.ti software to ensure accurate representation. Findings reveal contrasting stakeholder views on the future of halal tourism in Lombok. While some support it for its uniqueness, others express concerns about possible restrictions and favour alternative tourism types. For sustainability, stakeholder synergy and innovation are essential. Key measures include creating direct flight routes from Muslim-majority countries, fostering local partnerships, and promoting environmental and business sustainability. Additionally, government-driven initiatives like international events and halal certification could attract more tourists, while education and training would empower local communities.]]>
<![CDATA[Potential for Development of Mosque-Based Halal Tourism in Lombok, West Nusa Tenggara Province ]]>
<![CDATA[Rachman, Abdul]]>;
<![CDATA[Muizzudin]]>;
<![CDATA[Haura, Arie]]>;
<![CDATA[Aisyah Defy R. Simatupang]]>
<![CDATA[ Journal of Islamic Economic and Business Research Vol. 4 No. 2: December 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta ]]>
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DOI: 10.18196/jiebr.v4i2.319
<![CDATA[This research analyzed and explored the potential for developing mosque-based halal tourism on the island of Lombok, which is known as the Island of a Thousand Mosques and is rich in culture and nature. Several mosques in Lombok have historical value, architectural beauty, and regional culture, which can be used as a unique tourist activity experience for Muslim and foreign tourists visiting mosques in Lombok, West Nusa Tenggara Province. This research used a descriptive qualitative method to describe the potential for developing mosque-based halal tourism in Lombok. Primary data sources were obtained through interviews and observations at the Hubbul Wathan Mosque or the Mataram Islamic Center Mosque, a mosque that is used as a halal tourist destination. This research shows that the potential for developing mosque-based halal tourism is very large and has an innovative concept because it can increase the number of tourists and increase the variety of halal tourist destinations in Lombok. This research also explored important aspects of developing halal tourism, including accommodation facilities, halal food, and activities based on Islamic culture. Mosque-based halal tourism centers can offer a holistic experience for Muslim tourists, including visiting historic mosques, learning about local Islamic culture, and enjoying regional halal culinary specialties. The potential for developing mosque-based halal tourism in Lombok, West Nusa Tenggara Province, is an attractive opportunity to attract more Muslim tourists and foreign tourists to visit mosques in Lombok.]]>
