cover
Contact Name
Muhammad Zakiy
Contact Email
admin-jiebr@umy.ac.id
Phone
+6281286878830
Journal Mail Official
admin-jiebr@umy.ac.id
Editorial Address
Fakultas Agama Islam, Universitas Muhammadiyah Yogyakarta, Gedung F6 Lantai 2, Jl. Brawijaya, Geblagan, Tamantirto, Kasihan, Bantul, Yogyakarta, 55183
Location
Kab. bantul,
Daerah istimewa yogyakarta
INDONESIA
Journal of Islamic Economic and Business Research
ISSN : 27981207     EISSN : 27981304     DOI : https://doi.org/10.18196/jiebr
Core Subject : Religion, Economy,
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 91 Documents
Development of Muslim Women Entrepreneurship: Islamic Perspective and Transformation of Social Roles Haruni Ode; Reni Rosari; Rika Fatimah; Heru Kurnianto Tjahjono
Journal of Islamic Economic and Business Research Vol. 5 No. 2: December 2025
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jiebr.v5i2.522

Abstract

This study develops a conceptual understanding of Muslim women's entrepreneurship by emphasizing how Islamic values ​​shape their motivations, decision-making processes, and social roles in business activities. Despite the continued growth of research on women's entrepreneurship, a theoretical gap remains regarding how Islamic religiosity, sharia norms, and religious social constructions simultaneously integrate to shape Muslim women's entrepreneurship models. Existing literature tends to highlight socio-cultural aspects or gender barriers separately, without providing an integrated conceptual framework that explains the interplay between Islamic values, religious identity, and the structural dynamics faced by Muslim women. This study offers a theoretical contribution by proposing a values-based perspective on Muslim women's entrepreneurship that integrates Islamic business ethics, principles of justice, and the demands of domestic and social roles. The findings demonstrate that Muslim women's entrepreneurship is not simply an economic response, but a practice negotiated religiously, culturally, and structurally. Thus, this article provides a conceptual foundation for understanding Muslim women's entrepreneurship as a phenomenon that cannot be explained solely through conventional entrepreneurship theories, but requires an approach rooted in Islamic values ​​and epistemology.
Implementation of Muhammadiyah Islamic Economic Thought in University Economic Governance: A Multiple Case Study at UMY and Unismuh Makassar Mas'udi, Mohammad; Azhari, Susiknan; Mahmadah Hanafi, Syafiq
Journal of Islamic Economic and Business Research Vol. 5 No. 2: December 2025
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jiebr.v5i2.529

Abstract

This research aims to understand how Muhammadiyah's Islamic economic thought is implemented in economic management at Muhammadiyah universities, specifically at Universitas Muhammadiyah Yogyakarta (UMY) and Universitas Muhammadiyah Makassar (Unismuh). This study is motivated by Muhammadiyah's commitment to building an economic system that is just and based on Islamic values, as well as the important role of universities as centers for the development of Islamic economic thought and practice. Using a qualitative multi‑case study design, data were collected through in‑depth interviews with 12 informants, consisting of university leaders, directors of business units, lecturers, and Muhammadiyah council representatives. Data analysis followed an inductive thematic approach supported by coding, categorization, and cross‑case comparison, while validity was ensured through triangulation of sources and member checking. The research findings conclude that the implementation of Muhammadiyah's Islamic economic thought in both universities is reflected in three main aspects: (1) institutional policies oriented toward the values of justice and economic independence, (2) integration of Islamic economic values into the curriculum and academic activities, and (3) development of campus-based Islamic business units as a form of equitable economic practice. Despite differences in local context, both universities show similarities in the spirit of Muhammadiyah economic da'wah, which emphasizes ethics, justice, and social welfare. This research contributes to enriching the discourse on the application of Muhammadiyah Islamic economic thought in Islamic higher education and provides recommendations for strengthening the institutionalization of Islamic economics in Muhammadiyah universities in Indonesia.
Trend Research Analysis of Economic Growth Theory for Developing an Islamic Perspective Theory Siti Murtiyani; Nunung Nurlaela
Journal of Islamic Economic and Business Research Vol. 5 No. 2: December 2025
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jiebr.v5i2.534

Abstract

The formulation of the theory of economic growth is still a serious debate and continues to develop towards its maturity. This study aims to map the evolution of economic growth theory and to reposition Islamic economic growth, particularly those related to nexus theory, wellbeing economy, and Beyond GDP frameworks. The study employs a bibliometric analysis of scholarly articles on economic growth theory published between 2000 and 2024, using Google Scholar as the primary database and VOSviewer for keyword co-occurrence and thematic clustering. The bibliometric findings are complemented by a conceptual analysis to develop an Islamic economic growth framework that engages with recent theoretical developments. The results reveal a significant shift in economic growth research from GDP-centered models toward nexus-based and post-GDP paradigms. The bibliometric analysis identifies key thematic clusters related to energy–growth nexus, inclusive growth, inequality, and wellbeing economy. Building on these trends, the study proposes an Islamic economic growth framework that functions as a corrective mechanism by integrating poverty and income inequality into growth assessment. This study contributes to the literature by reframing Islamic economic growth as a parsimonious corrective framework. By retaining GDP as a measure of productive capacity while correcting it through distributive indicators, the proposed approach bridges Islamic economic principles with contemporary growth debates and offers a conceptually grounded and policy-relevant contribution. This study is conceptual in nature and does not empirically test the proposed correction framework. Future research may empirically examine the applicability of the model across countries and refine the weighting of poverty and inequality indicators to enhance contextual relevance.
GRDP, Poverty, and Health Budget on Human Development in Riau: A Maqasid Al-Shariah Perspective Fathurrahman, Ayif; Ananda Fauziah Putri; Nurul Naqiliah Binti Nor Azman; Zulkifli, Siti Maryam Binti
Journal of Islamic Economic and Business Research Vol. 6 No. 1: June 2026
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jiebr.v6i1.505

Abstract

This study examines the effect of Gross Regional Domestic Product (GRDP), poverty, and health expenditure on the Human Development Index (HDI) in Riau Province during 2016–2022, with an analytical perspective based on maqashid shari’ah. The study employs panel data consisting of time-series (2016–2022) and cross-sectional data from 12 districts/cities, analyzed using the Random Effect Model (REM). The results show that GRDP has a positive and statistically significant effect on HDI (β > 0; p < 0.05), indicating that regional economic growth contributes to improving human development outcomes. In contrast, poverty has a negative and significant effect on HDI (β < 0; p < 0.05), confirming that higher poverty levels hinder human development. Meanwhile, health expenditure does not have a statistically significant effect on HDI (p > 0.05), suggesting inefficiencies or misallocation in public health spending. From the maqashid shari’ah perspective, the positive role of GRDP aligns with the principle of maslahah (public benefit), while the negative impact of poverty reflects the importance of hifz al-maal (protection of wealth) in ensuring welfare. The insignificant effect of health expenditure indicates that the objective of hifz al-nafs (protection of life) has not been optimally achieved in regional policy implementation. The main contribution of this study lies in integrating empirical panel data analysis with an Islamic economic framework, particularly maqashid shari’ah, to provide a more comprehensive evaluation of human development determinants. The novelty of this research is its combined quantitative–normative approach, linking statistical findings with Islamic welfare objectives, which remains limited in regional development studies.
Bridging the Trust Gap: A Qualitative Analysis of Regulatory Stagnation and APEX-Driven Deposit Insurance for Baitul Maal wat-Tamwil in Indonesia Adnan, Muhammad Akhyar; Nugroho, Randhy; Nurhayati, Ely
Journal of Islamic Economic and Business Research Vol. 6 No. 1: June 2026
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jiebr.v6i1.542

Abstract

Despite the rapid expansion of the formal Islamic financial sector in Indonesia, grassroots Islamic microfinance institutions—specifically Baitul Maal wat-Tamwil (BMT)—experience precarious growth largely attributed to a deficit in public trust. A critical factor driving this trust gap is the exclusion of BMTs from the national deposit insurance framework provided by the Indonesia Deposit Insurance Corporation (LPS). This study employs an exploratory qualitative case study design to investigate the legal, institutional, and operational frictions preventing the integration of BMTs into state-backed guarantee schemes. By triangulating data from elite informant interviews (policymakers from LPS, the Ministry of SMEs, and KNEKS) with a qualitative scoping questionnaire administered to 13 BMT managers, this research uncovers a landscape defined by regulatory arbitrage and institutional voids. To overcome this regulatory stagnation, this paper argues for the restart and operationalization of the APEX (Secondary Cooperative) model. Analyzed through the lens of the "competition-collaboration nexus," the APEX structure enables isolated BMTs to survive a highly competitive financial ecosystem by pooling liquidity, enforcing standardized self-regulation, and establishing mutual guarantees. Ultimately, this industry-led model serves as a vital transitional mechanism toward eventual state-level financial integration.
Islamic Workplace Spirituality and Its Influence on Employee Well-Being and Performance: A Systematic Literature Review Sobana, Dadang Husen; Hakiki, Muhamad Fuji; Arshad, Noraziah Che
Journal of Islamic Economic and Business Research Vol. 6 No. 1: June 2026
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jiebr.v6i1.550

Abstract

This study aims to explore Islamic Workplace Spirituality (IWS) as a conceptual framework for assessing employee well-being and organizational performance. The search process follows a systematic literature review based on the PRISMA protocol. The review examines Scopus-indexed journal articles on Islamic workplace spirituality, employee well-being, and performance published between 1998 and 2025. A systematic search using predetermined keywords was conducted in the Scopus database, and the selection process followed the PRISMA stages of identification, screening, eligibility, and inclusion. From an initial total of 4,568 documents, twenty-one articles met the inclusion criteria and were thoroughly analyzed as shown in Table 1. The results conclude that Islamic Workplace Spirituality positively correlates with employee psychological comfort, meaningful work, ethical behavior, and inner peace. The review further demonstrates that work-related outcomes, measured in the context of workplace spirituality, include not only task-oriented behaviors but also moral responsibility, voluntary helping behavior, and commitment to organizational values. In addition, the analysis brings together and integrates key measurement indicators into an integrated framework rooted in Islamic epistemology (especially classical wisdom influenced by Al-Ghazali). This paper adds to the literature by showing that spiritual dimensions can be an integral part of organizational evaluation frameworks and by offering measurement indicators for future empirical research. This study is innovative because it has contributed to integrating Islamic workplace spirituality with employee well-being and performance through a holistic, systematic review.
Diverging Research Pathways in Islamic Capital Markets: A Bibliometric Study of Indonesia and Malaysia Noval, Noval; Bachmid, Sofyan; Sofyan, Syaakir; MS, Syaifullah; Haekal, Ahmad; A. Rifai, Rachmawati; Nurdin, Muhammad Syarif
Journal of Islamic Economic and Business Research Vol. 6 No. 1: June 2026
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jiebr.v6i1.569

Abstract

This study examines divergent research pathways in Islamic capital market (ICM) scholarship in Indonesia and Malaysia through a comparative bibliometric and thematic mapping approach. Based on 636 Scopus-indexed journal articles, comprising 212 Indonesia-affiliated records from 2012–2025 and 424 Malaysia-affiliated records from 2008–2025, the study applies Bibliometrix/Biblioshiny and VOSviewer to analyze publication growth, citation impact, influential actors, collaboration networks, keyword co-occurrence, thematic structures, co-citation networks, and knowledge evolution. The findings reveal two distinct but complementary trajectories. Indonesia shows faster recent growth and emerging visibility in sukuk, cash waqf, green sukuk, securities crowdfunding, financial inclusion, and sustainability-oriented Islamic finance, reflecting an acceleration phase shaped by development and inclusion concerns. Malaysia demonstrates a more mature and globally integrated research ecosystem, marked by higher productivity, stronger citation impact, productive institutional hubs, broader collaboration, and themes related to Islamic equities, portfolio diversification, bond yields, risk transmission, and market sophistication. The study contributes by showing that Indonesia–Malaysia differences reflect distinct knowledge-production models shaped by institutional maturity, regulatory ecosystems, and research infrastructure, thereby positioning Southeast Asia as a distinctive contributor to global ICM scholarship.
An Analysis of the Challenges of Implementing Islamic Finance to Support a Green Economy: Evidence from Siak Regency Jum Harroni; Muhammad Habibi Siregar; Muhammad Irwan Padli Nasution
Journal of Islamic Economic and Business Research Vol. 6 No. 1: June 2026
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jiebr.v6i1.631

Abstract

This study aims to analyze the challenges of implementing Islamic finance to support green economy development in Siak Regency, Indonesia, and identify the strategic factors that hinder or enable its effective contribution to sustainable development. The study employs a qualitative case study approach using primary data collected through in-depth interviews with 12 participants, including Islamic financial institution practitioners, local government, green economy business actors, and academics. Secondary data were obtained from policy documents, institutional reports, and relevant literature. Data were analyzed using Reflexive Thematic Analysis (RTA) based on the conceptual framework of maqasid al-shariah, Islamic financial instruments, Environmental, Social, and Governance (ESG) principles, and green economy development. The findings reveal that Islamic finance remains in its early stages of supporting the green economy and has not yet fully translated the maqasid al-shariah values into operational sustainability practices. Five major challenges were identified: regulatory and policy barriers, limited Islamic green finance literacy, weak ESG integration, technological constraints, and stakeholder collaboration challenges. These factors collectively limit the contribution of Islamic finance to green economic transformation. The study implies that strengthening regulatory coherence, ESG operationalization, digital innovation, public literacy, and multi-stakeholder collaboration is essential to enhance the effectiveness of Islamic finance in promoting sustainable development. The novelty of this research lies in its integrated analysis of Islamic finance, ESG, and green economy implementation at the regional level, while proposing an operational framework that combines maqasid al-shariah, sustainability principles, and stakeholder collaboration to support green economic development.
Productive Zakat and Family Economic Resilience: An Empirical Study of Female-Headed Households in the Post-Crisis Period Mufidah Syamsuddin; Muh. Ahsan Kamil; Isman, Ainul Fatha
Journal of Islamic Economic and Business Research Vol. 6 No. 1: June 2026
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jiebr.v6i1.634

Abstract

Female-headed households often face heightened economic vulnerability due to their dual role as primary income earners and family caregivers. This double burden can limit economic opportunities and weaken family economic resilience, making targeted empowerment interventions such as productive zakat particularly important. This study aims to analyze the effect of productive zakat on the post-crisis economic resilience of female-headed households and its role in strengthening the family economy. This study employed an explanatory sequential mixed-methods design. Quantitative data were collected from 100 female-headed household beneficiaries (mustahiq) of BAZNAS productive zakat programs and analyzed using SEM-PLS. Qualitative data were obtained through in-depth interviews with 10 participants and analyzed thematically to enrich the quantitative findings. The results indicate that productive zakat has a positive and significant relationship on economic resilience, encompassing variables such as Socioeconomic Status, economic self-reliance, economic empowerment, and family welfare. Furthermore, productive zakat was found to enhance resilience capacity by strengthening business adaptability, ensuring income sustainability, and fostering the creation of economic reserves. The implications of this research underscore the need to strengthen program design by scaling up interventions, providing ongoing support, and integrating market access to maximize the impact on post-crisis economic recovery.
What Drives Islamic Entrepreneurial Intention? Evidence from Muslim Youth in Indonesia Maulana, Denis Muafa Dhiaul Adha; Manggala Putri, Syah Amelia; Aarón A. Vargas-Zeledón
Journal of Islamic Economic and Business Research Vol. 6 No. 1: June 2026
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jiebr.v6i1.636

Abstract

The high unemployment rate in Indonesia underscores the importance of fostering entrepreneurship, particularly Islamic-based entrepreneurship. This study aims to analyze the influence of religiosity, self-efficacy, income expectations, and social support on Islamic Entrepreneurial Intention (IEI) among final-year students and alumni from universities in Yogyakarta. The study involved 307 respondents and employed a quantitative approach. Data were collected via an online questionnaire and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS. The findings indicated that all four independent variables, religiosity, self-efficacy, income expectation, and social support, positively and significantly affect IEI. These results support the relevance of the Theory of Planned Behavior (TPB) in explaining Islamic entrepreneurial intention. The practical implication of this study is to emphasize the importance of synergy between strengthening religious values, self-confidence, social support, and income expectations in fostering Islamic entrepreneurial spirit among the younger generation.

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