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Contact Name
Azharsyah Ibrahim
Contact Email
jurnal.share@ar-raniry.ac.id
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jurnal.share@ar-raniry.ac.id
Editorial Address
Share: Jurnal Ekonomi dan Keuangan Islam Fakultas Ekonomi dan Bisnis Islam UIN Ar-Raniry Banda Aceh, 2nd Floor Jln. Syech Abdur Rauf Banda Aceh 23111, Aceh, Indonesia Email: jurnal.share@ar-raniry.ac.id
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Aceh
INDONESIA
Share: Jurnal Ekonomi dan Keuangan Islam
ISSN : 20896239     EISSN : 25490648     DOI : https://doi.org/10.22373/share
Core Subject : Religion, Economy,
Share: Jurnal Ekonomi dan Keuangan Islam [SHARE] is a double-blind peer-reviewed journal published by the Faculty of Islamic Economics and Business, Universitas Islam Negeri Ar-Raniry, Banda Aceh, Indonesia. SHARE publishes research and concept papers pertaining to the field of Islamic economics and finance in open access format, which enables readers to freely access and download the articles under the CC BY SA license. Since 2017, SHARE has become a CrossRef Member, meaning that each article published by the journal will have a unique DOI number. SHARE has been indexed in many trusted indexing sites, such as DOAJ, Index Copernicus, Scilit, WorldCat, Google Scholar, Dimensions, EBSCO, and many others. In Indonesia, SHARE is listed among the top-notch journals by the Indonesian journal accreditation body officialized with the Decree of Director General of Research Strengthening and Advancement, Ministry of Research, Technology, and Higher Education, No. 21/E/KPT/2018, starting from 9 July 2018 until 9 July 2023. Currently, SHARE is under consideration for inclusion in SCOPUS.
Articles 328 Documents
Macroeconomic Determinants and Global Islamic Market Linkages of the Jakarta Islamic Index Fitriansyah, Rahmat; Nurzaman, Mohamad Soleh
Share: Jurnal Ekonomi dan Keuangan Islam Vol. 14 No. 1 (2025)
Publisher : Faculty of Islamic Economics and Business, Universitas Islam Negeri Ar-Raniry

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22373/share.v14i1.26679

Abstract

Amidst significant volatility and a sustained decline over the past decade, the Jakarta Islamic Index (JII) performance is closely linked to domestic macroeconomic conditions and global Islamic equity trends. This study employs Vector Autoregression (VAR) and Vector Error Correction Model (VECM) methodologies to analyze the short- and long-term impacts of key macroeconomic indicators—Bank Indonesia interest rate (BI Rate), Consumer Price Index (CPI), Rupiah exchange rate (ER), global oil prices (CO), and Dow Jones Islamic Market (DJIM) indices from the US, Europe, and Japan—on the JII. Short-term findings reveal negative effects from the BI Rate and DJIM Europe, and positive impacts from the CPI and DJIM Japan. In the long term, ER, CO, and DJIM Japan negatively influence the JII, while DJIM US provides positive contributions. Significant contributors to JII fluctuations include DJIM Japan, CPI, and CO, with adverse responses to BI Rate and DJIM US shocks. These findings underscore the imperative for policymakers to maintain exchange rate stability, manage monetary policy prudently, and consider energy diversification. For Sharia investors, the results advocate for strategic portfolio diversification, incorporating global Sharia-compliant equities and inflation-resistant assets to navigate the identified risks and optimize returns.========================================================================================================ABSTRAK - Indikator Makroekonomi dan Pasar Modal Syariah Global pada Jakarta Islamic Index. Di tengah volatilitas signifikan dan penurunan berkelanjutan selama dekade terakhir, kinerja Jakarta Islamic Index (JII) terkait erat dengan kondisi makroekonomi domestik dan tren pasar ekuitas syariah global. Penelitian ini menggunakan metode Vector Autoregression (VAR) dan Vector Error Correction Model (VECM) untuk menganalisis dampak jangka pendek dan jangka panjang dari indikator makroekonomi utama, yaitu suku bunga Bank Indonesia (BI Rate), Indeks Harga Konsumen (CPI), nilai tukar Rupiah terhadap Dolar AS (ER), harga minyak global (CO), dan indeks Dow Jones Islamic Market (DJIM) dari AS, Eropa, dan Jepang, terhadap JII. Hasil jangka pendek menunjukkan dampak negatif dari BI Rate dan DJIM Eropa, serta dampak positif dari CPI dan DJIM Jepang. Dalam jangka panjang, ER, CO, dan DJIM Jepang memberikan pengaruh negatif terhadap JII, sementara DJIM AS memberikan kontribusi positif. Kontributor utama terhadap fluktuasi JII adalah DJIM Jepang, CPI, dan CO, dengan respons negatif terhadap kejutan dari BI Rate dan DJIM AS. Temuan ini mendorong pembuat kebijakan untuk menjaga stabilitas nilai tukar, mengelola kebijakan moneter secara bijaksana, dan mempertimbangkan diversifikasi energi. Bagi investor syariah, hasil studi ini mendukung diversifikasi portofolio strategis, menggabungkan ekuitas syariah global dan aset tahan inflasi untuk mengelola risiko yang teridentifikasi dan mengoptimalkan imbal hasil.
Sharia Compliance in Achieving Green Banking: The Role of Hifz Al-Din and Hifz Al-Bi’ah Syarvina, Wahyu; Batubara, Chuzaimah
Share: Jurnal Ekonomi dan Keuangan Islam Vol. 14 No. 1 (2025)
Publisher : Faculty of Islamic Economics and Business, Universitas Islam Negeri Ar-Raniry

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22373/share.v14i1.26986

Abstract

This study explores the integration of Islamic principles with environmentally sustainable practices in Islamic banking institutions, focusing specifically on two core elements of maqasid al-shariah: preserving faith (hifz al-din) and preserving the environment (hifz al-bi’ah). The central challenge addressed is the implementation of hifz al-bi’ah within Sharia-compliant financial systems. Employing a non-parametric qualitative approach through the Analytic Network Process (ANP), the study analyzes insights from nine informants representing Islamic banking practitioners, academics, and regulators. The findings reveal three key strategic pathways to strengthen Sharia Compliance in green banking: (1) enhancing human resource capacity, (2) optimizing the role of the Sharia Supervisory Board, and (3) fostering environmental awareness through certification mechanisms. The study underscores that Islamic banks implementing environmentally conscious HR practices benefit from reduced carbon footprints, improved financial performance, and higher employee retention, thereby contributing to both spiritual and ecological sustainability.========================================================================================================ABSTRAK - Kepatuhan Syariah dalam Mencapai Green Banking: Peran Hifz Al-Din Dan Hifz Al-Bi’ah. Penelitian ini mengeksplorasi integrasi prinsip-prinsip Islam dengan praktik berkelanjutan pada institusi perbankan syariah, dengan fokus pada dua elemen inti maqasid al-shariah, yaitu: memelihara agama (hifz al-din) dan memelihara lingkungan (hifz al-bi’ah). Tantangan utama terletak pada implementasi hifz al-bi’ah dalam sistem keuangan yang sesuai dengan syariah. Dengan pendekatan kualitatif non-parametrik melalui Analytic Network Process (ANP), penelitian ini menganalisis perspektif dari sembilan informan yang mewakili praktisi perbankan Syariah, akademisi, dan regulator. Temuan penelitian menunjukkan ada tiga strategi utama untuk memperkuat kepatuhan syariah dalam pencapaian green banking, yaitu: (1) peningkatan kapasitas sumber daya manusia, (2) optimalisasi peran Dewan Pengawas Syariah, dan (3) peningkatan kesadaran lingkungan melalui mekanisme sertifikasi. Studi ini menegaskan bahwa bank syariah yang menerapkan praktik manajemen SDM yang ramah lingkungan memperoleh manfaat lebih besar, termasuk pengurangan jejak karbon, peningkatan kinerja keuangan, dan retensi karyawan yang lebih tinggi, sehingga berkontribusi pada keberlanjutan spiritual dan ekologis. 
Islamic Pawnbroking in Scholarly Discourse: Trends, Gaps, and Future Directions Ma'ruf, Aminudin; Hasanah, Silvya Miftahul; Hakim, Lukmanul; Umam, Fachru Nurul
Share: Jurnal Ekonomi dan Keuangan Islam Vol. 14 No. 1 (2025)
Publisher : Faculty of Islamic Economics and Business, Universitas Islam Negeri Ar-Raniry

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22373/share.v14i1.27484

Abstract

The development of Islamic pawnbroking (Ar-Rahnu) as a short-term financing mechanism presents a promising solution for poverty alleviation by supporting small and medium-sized entrepreneurs. This study aims to visualize the progress and research trends in Islamic pawnbroking using bibliometric analysis. Data were collected from the Scopus database, where an initial search conducted on September 16, 2022, retrieved 168 documents, later refined to 101 articles based on inclusion criteria. The dataset was analyzed using VOSviewer to generate visualizations of keyword co-occurrence, author collaboration, citation patterns, and thematic clusters. Findings show a steady increase in scholarly output from 1913 to 2022, with significant growth post-2010. However, the field faces persistent challenges such as low public awareness, preference for conventional pawnshops, and unregulated financial practices. The study suggests strategic improvements for Islamic pawnbroking, including product diversification, targeted marketing, and public re-education to broaden its appeal beyond low-income users. The bibliometric mapping also identifies potential research directions, particularly in microenterprise financing and socio-economic empowerment through Islamic financial services.======================================================================================================== ABSTRAK - Pegadaian Syariah dalam Wacana Akademik: Tren, Kesenjangan, dan Arah Penelitian ke Depan. Perkembangan pegadaian syariah (Ar-Rahnu) sebagai mekanisme pembiayaan jangka pendek merupakan solusi yang menjanjikan untuk mengatasi kemiskinan melalui dukungan kepada pengusaha kecil dan menengah. Penelitian ini bertujuan untuk memvisualisasikan kemajuan dan tren penelitian dalam bidang pegadaian syariah dengan menggunakan analisis bibliometrik. Data dikumpulkan dari basis data Scopus, di mana pencarian awal pada tanggal 16 September 2022 menemukan 168 dokumen, yang kemudian disaring menjadi 101 artikel berdasarkan kriteria inklusi. Dataset dianalisis menggunakan VOSviewer untuk menghasilkan visualisasi keterkaitan kata kunci, kolaborasi penulis, pola kutipan, dan klaster tematik. Temuan menunjukkan peningkatan stabil dalam publikasi ilmiah dari tahun 1913 hingga 2022, dengan lonjakan signifikan pasca-2010. Namun, bidang ini masih menghadapi tantangan seperti rendahnya kesadaran masyarakat, preferensi terhadap pegadaian konvensional, dan praktik keuangan yang tidak teregulasi. Studi ini menyarankan peningkatan strategis dalam pegadaian syariah, termasuk diversifikasi produk, pemasaran yang ditargetkan, dan edukasi publik untuk memperluas daya tariknya di luar kelompok berpenghasilan rendah. Pemetaan bibliometrik juga mengidentifikasi arah penelitian potensial, khususnya dalam pembiayaan usaha mikro dan pemberdayaan sosial ekonomi melalui layanan keuangan Islam. 
Global Challenges, Local Solutions: The Role of Islamic Financial Systems Ibrahim, Azharsyah
Share: Jurnal Ekonomi dan Keuangan Islam Vol. 13 No. 2 (2024)
Publisher : Faculty of Islamic Economics and Business, Universitas Islam Negeri Ar-Raniry

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22373/share.v13i2.27560

Abstract

In this volume, Share Jurnal Ekonomi dan Keuangan Islam (Share Journal of Islamic Economics and Finance) presents a critical examination of the intersections among Islamic finance, economic resilience, and social impact, shedding light on the capacity of Islamic economic principles to offer viable solutions to contemporary global challenges. It provides transformative insights into key areas, including the psychological benefits associated with Islamic social finance, the imperatives of sustainability in corporate governance, and the innovations driving financial inclusion and technology. Utilizing a diverse array of research methodologies—such as bibliometric analysis, structural equation modeling, and comprehensive case studies—the articles contribute robust scholarly insights that focus on promoting psychological well-being, aligning financial practices with sustainability objectives, and leveraging technology to enhance inclusivity. The findings underscore the potential of Islamic economic systems to address both theoretical and practical concerns, emphasizing the adaptability of these principles in fostering equitable socio-economic development and their significance within broader policy and academic discourse aimed at effectively addressing global challenges.
Author's Guidelines SHARE, Editor
Share: Jurnal Ekonomi dan Keuangan Islam Vol. 13 No. 2 (2024)
Publisher : Faculty of Islamic Economics and Business, Universitas Islam Negeri Ar-Raniry

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22373/

Abstract

Cover page, editorial board, and table of contents SHARE, Editor
Share: Jurnal Ekonomi dan Keuangan Islam Vol. 13 No. 2 (2024)
Publisher : Faculty of Islamic Economics and Business, Universitas Islam Negeri Ar-Raniry

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Abstract

Empowering the Marginalized through the Halal Industry in Indonesia: A Systematic Literature Review Nuryanto, Uli Wildan; Basrowi, Basrowi; Quraysin, Icin; Pratiwi, Ika; Utami, Pertiwi
Share: Jurnal Ekonomi dan Keuangan Islam Vol. 14 No. 1 (2025)
Publisher : Faculty of Islamic Economics and Business, Universitas Islam Negeri Ar-Raniry

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22373/share.v14i1.27622

Abstract

This study aims to conduct a systematic literature review on the themes of equality and social justice for people with disabilities in Indonesia, with a specific focus on their intersection with community empowerment within the halal industry. Using empirical evidence and bibliometric analysis, the review applies the keywords "equality and social justice," "people with disabilities," and "sharia economic empowerment" to explore relevant literature. Data were collected through the Publish or Perish tool, identifying over 1,000 academic publications from 2014 to 2024, and visualized using VOSviewer. The findings highlight two key points: first, while various regulations, policies, and flagship programs have sought to promote equality and social justice for people with disabilities, their implementation remains suboptimal in ensuring the full realization of rights. Second, empowerment strategies rooted in sharia economic models emphasize the transformation of negative mindsets and the adoption of Islamic entrepreneurial approaches. Notably, there was a significant decline in research interest from 2014 to 2021, followed by a resurgence through 2023. These insights offer a valuable reference for policymakers and stakeholders to design more effective initiatives aimed at enhancing the quality of life for people with disabilities through inclusive economic empowerment.======================================================================================================== ABSTRAK - Pemberdayaan Kelompok Marjinal melalui Industri Halal di Indonesia: Sebuah Tinjauan Literatur Sistematis. Penelitian ini bertujuan untuk melakukan tinjauan literatur sistematis mengenai tema kesetaraan dan keadilan sosial bagi penyandang disabilitas di Indonesia, dengan fokus yang spesifik pada interaksinya dengan pemberdayaan masyarakat dalam konteks industri halal. Dengan menggunakan bukti empiris dan analisis bibliometrik, kajian ini menggunakan kata kunci "kesetaraan dan keadilan sosial," "penyandang disabilitas," dan "pemberdayaan ekonomi syariah" untuk menelusuri literatur yang relevan. Data dikumpulkan melalui perangkat “Publish or Perish”, yang mengidentifikasi lebih dari 1.000 publikasi ilmiah selama periode 2014 sampai 2024, dan divisualisasikan dengan aplikasi VOSviewer. Hasil analisis menunjukkan dua poin utama: pertama, meskipun telah ada berbagai regulasi, kebijakan, dan program unggulan untuk mendorong kesetaraan dan keadilan sosial bagi penyandang disabilitas, pelaksanaannya belum sepenuhnya mampu memenuhi hak-hak mereka secara optimal. Kedua, strategi pemberdayaan yang berbasis pada model ekonomi syariah menekankan pada transformasi pola pikir negatif dan pendekatan kewirausahaan Islami. Secara signifikan, terdapat penurunan minat penelitian dalam topik ini selama 2014–2021, namun kembali meningkat hingga tahun 2023. Temuan ini memberikan referensi penting bagi para pembuat kebijakan dan pemangku kepentingan dalam merancang inisiatif yang lebih inklusif untuk meningkatkan kualitas hidup penyandang disabilitas melalui pemberdayaan ekonomi yang berkeadilan. 
IFRS Adoption Models in Islamic Banks of South Africa and Indonesia: A Systematic Literature Review Sujana, Deni Amin; Mukhlisin, Murniati
Share: Jurnal Ekonomi dan Keuangan Islam Vol. 14 No. 1 (2025)
Publisher : Faculty of Islamic Economics and Business, Universitas Islam Negeri Ar-Raniry

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22373/share.v14i1.28769

Abstract

This study undertakes a comparative analysis of the implementation models of International Financial Reporting Standards (IFRS) in South Africa and Indonesia, focusing specifically on Islamic banking institutions. Whereas South Africa pursued full adoption of IFRS to align with international reporting benchmarks, Indonesia opted for a convergence approach, integrating IFRS principles within its existing local financial reporting framework. Employing a Systematic Literature Review (SLR) methodology, this research synthesizes findings from academic literature, annual reports of Islamic banks, and relevant institutional progress reports on IFRS implementation. The findings indicate that full IFRS adoption in South Africa has enhanced financial reporting quality and transparency; however, it has not entirely mitigated earnings management practices, such as income smoothing. Conversely, Indonesia’s convergence model facilitates the preservation of distinct Shariah-compliant accounting standards but encounters persistent challenges in achieving full harmonization with global frameworks, including IFRS and AAOIFI. The study highlights the critical importance of tailoring IFRS implementation strategies to national regulatory landscapes while simultaneously respecting the unique principles governing Islamic finance. These insights contribute to the broader academic discourse on navigating the complexities of balancing global financial comparability with religious and cultural compliance within the context of Islamic banking. ======================================================================================================== ABSTRAK - Model Adopsi IFRS pada Bank Syariah di Afrika Selatan dan Indonesia: Systematic Literature Review. Penelitian ini bertujuan untuk menganalisis perbandingan model implementasi International Financial Reporting Standards (IFRS) antara Afrika Selatan dengan Indonesia, yang berfokus pada perbankan syariah. Sementara Afrika Selatan menerapkan adopsi penuh IFRS guna menyelaraskan pelaporan keuangannya dengan tolok ukur internasional, Indonesia memilih pendekatan konvergensi, mengintegrasikan prinsip-prinsip IFRS ke dalam kerangka standar pelaporan keuangan lokal yang telah ada. Menggunakan metodologi Systematic Literature Review (SLR), penelitian ini mensintesis temuan dari literatur akademik, laporan tahunan bank syariah, serta laporan perkembangan institusional yang relevan terkait implementasi IFRS. Hasil kajian menunjukkan bahwa adopsi penuh IFRS di Afrika Selatan telah meningkatkan kualitas dan transparansi pelaporan keuangan; namun demikian, praktik manajemen laba, seperti perataan laba (income smoothing), belum sepenuhnya termitigasi. Sebaliknya, model konvergensi Indonesia memfasilitasi pelestarian standar akuntansi berbasis Syariah yang khas, tetapi menghadapi tantangan berkelanjutan dalam mencapai harmonisasi penuh dengan kerangka kerja global, termasuk IFRS dan AAOIFI. Studi ini menekankan pentingnya penyesuaian strategi implementasi IFRS dengan lanskap regulasi nasional, sembari tetap menghormati prinsip-prinsip unik yang mengatur keuangan Syariah. Temuan ini berkontribusi pada diskusi akademik yang lebih luas mengenai pengelolaan kompleksitas dalam menyeimbangkan keterbandingan keuangan global dengan kepatuhan religius dan budaya dalam konteks perbankan syariah.
Behavioral Biases in Islamic Retail Investing: The Moderating Role of Demographics Satria, Rita; Nugraha, Nugraha; Disman, Disman; Purnamasari, Imas
Share: Jurnal Ekonomi dan Keuangan Islam Vol. 14 No. 1 (2025)
Publisher : Faculty of Islamic Economics and Business, Universitas Islam Negeri Ar-Raniry

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22373/share.v14i1.28784

Abstract

Young Muslim retail investors in the Indonesian capital market often face challenges stemming from various behavioral finance biases that can negatively impact their investment decisions. This study examines the influence of behavioral finance biases—herding, overconfidence, mental accounting, loss aversion, and status quo bias—on the investment decisions of novice Muslim retail investors in Indonesia. It further explores the moderating effects of demographic factors including generation, gender, education, and income. Using a quantitative research design, data were collected from 318 respondents through a structured questionnaire, with 310 valid responses analyzed using multiple regression and moderation analysis via Hayes’ PROCESS macro in SPSS. The results indicate that all five behavioral biases negatively affect investment decisions, and demographic variables significantly moderate these effects. These findings underscore the importance of financial education and advisory services tailored to both behavioral tendencies and Islamic financial values to support informed decision-making among young Muslim investors. Despite its demographic limitations, this study contributes to a deeper understanding of behavioral finance within the Islamic finance context.======================================================================================================== ABSTRAK - Bias Perilaku dalam Investasi Ritel Syariah: Peran Moderasi Demografis. Investor ritel Muslim pemula di pasar modal Indonesia seringkali menghadapi tantangan yang disebabkan oleh berbagai bias perilaku keuangan yang dapat berdampak negatif pada keputusan investasi mereka. Penelitian ini mengkaji pengaruh bias perilaku keuangan—herding, overconfidence, mental accounting, loss aversion, dan status quo bias—terhadap keputusan investasi investor ritel Muslim pemula di Indonesia. Studi ini juga menganalisis peran moderasi faktor demografis seperti generasi, jenis kelamin, pendidikan, dan pendapatan. Dengan menggunakan pendekatan kuantitatif, data dikumpulkan dari 318 responden melalui kuesioner terstruktur, dengan 310 data valid yang dianalisis menggunakan regresi berganda dan analisis moderasi melalui PROCESS macro dari Hayes dalam SPSS. Hasil penelitian menunjukkan bahwa kelima bias perilaku berpengaruh negatif terhadap keputusan investasi, dan variabel demografis memoderasi pengaruh tersebut secara signifikan. Temuan ini menekankan pentingnya edukasi dan layanan konsultasi keuangan yang disesuaikan dengan kecenderungan perilaku dan nilai-nilai keuangan Islam untuk mendukung pengambilan keputusan yang lebih terinformasi di kalangan investor Muslim muda. Meskipun memiliki keterbatasan pada fokus demografis, penelitian ini memberikan kontribusi terhadap pemahaman yang lebih mendalam mengenai perilaku keuangan dalam konteks keuangan Islam.
Charting New Frontiers in Islamic Economics and Finance: Innovation, Sustainability, and Inclusive Development Ibrahim, Azharsyah
Share: Jurnal Ekonomi dan Keuangan Islam Vol. 14 No. 1 (2025)
Publisher : Faculty of Islamic Economics and Business, Universitas Islam Negeri Ar-Raniry

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22373/share.v14i1.30277

Abstract

This issue brings together innovative research at the nexus of Islamic economic principles and sustainable development. It includes studies of community-based finance and empowerment, such as rotating savings and credit associations, and initiatives in the halal industry that uplift marginalized groups. Other papers examine the digital transformation of Islamic finance, assessing how religiosity and financial literacy influence fintech adoption and exploring investor behavior in Islamic markets. The issue also examines Shariah governance in the context of green banking and corporate sustainability, and analyzes Islamic banks’ efficiency under economic stress; additionally, a systematic review of IFRS adoption in Islamic banking highlights regulatory convergence. Together, these contributions advance theoretical understanding and provide practical guidance for an inclusive, risk-aware, and sustainable Islamic finance sector.