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Contact Name
Asep Dadan Suganda
Contact Email
asep.dadan@uinbanten.ac.id
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Journal Mail Official
islamiconomic@uinbanten.ac.id
Editorial Address
Jurusan Ekonomi Syariah, Gedung Fakultas Ekonomi dan Bisnis Islam, UIN Sultan Maulana Hasanuddin Banten
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Banten
INDONESIA
Islamiconomic: Jurnal Ekonomi Islam
ISSN : 20853696     EISSN : 25414127     DOI : 10.32678/ijei
Islamiconomic: Jurnal Ekonomi Islam (IJEI) is a periodical scientific publication intended for economists who want to publish their articles in the form of literature studies, research, and scientific development in the field of Islamic economics. IJEI was first published in 2009 which is annually published twice (June and December). IJEI works closely with the Islamic Economist Association (Ikatan Ahli Ekonomi Islam) and Islamic Economic Society (Masyarakat Ekonomi Syariah) which provides editorial members, peer reviewers, and authors, both are professional associations related to IJEI aims and scopes. IJEI invites manuscripts in the areas: Islamic Economics, Islamic Banking, Islamic Business, Islamic Management, and Islamic Finance.
Articles 11 Documents
Search results for , issue "Vol 15, No 2 (2024)" : 11 Documents clear
Enhancing Sharia Insurance Development in Indonesia: The Role of Fintech and Product Innovation Kusuma, Mitra Dewi; Daulay, Aqwa Naser; Nasution, Juliana
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 15, No 2 (2024)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v15i2.745

Abstract

This research uses quantitative methods and secondary data to investigate the impact of Financial Technology (Fintech) and product innovation on developing the Sharia insurance industry in Indonesia. The study uses multiple linear regression analysis to explore the relationship between independent variables (Fintech usage and product innovation) and the dependent variable (Sharia insurance development) for 2014-2023. Secondary data, sourced from reliable institutions such as financial reports and the Financial Services Authority (OJK), is analyzed to uncover these relationships. The findings reveal a significant positive correlation between both Fintech and product innovation and the overall development of Sharia insurance. Although product innovation alone does not show a significant statistical impact, it significantly affects Sharia insurance development when combined with Fintech. However, the influence of these variables is likely moderated by other factors such as regulatory changes, public perception, and economic conditions. This study enriches the existing literature on fintech and product innovation by providing empirical evidence of their effects on the growth of Sharia insurance in Indonesia.
The Impact of Macroeconomic and Monetary Policy on the Indonesia Islamic Index Rachmawaty, Rachmawaty
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 15, No 2 (2024)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v15i2.704

Abstract

Global economic uncertainties, such as fluctuating commodity prices, geopolitical tensions, and the ongoing effects of the COVID-19 pandemic, continue to influence market dynamics, requiring adaptive monetary policies to support economic recovery and stability. In order to have a better understanding of how monetary policy instruments designed for Islamic finance impact the Sharia stock market and how the uncertainty of macroeconomics can drive the fluctuation of the Sharia stock market, there are two obtained indicators were used, namely Jakarta Islamic Index (JII) represent the liquid stock and Jakarta Islamic Stock Index (ISSI) represent the whole stock in Sharia stock market. The method used ordinary least square using E-VIEWS 10, with independent variables such as money supply, economic growth, inflation, and exchange rate. Data was observed from 2012 up to 2023. The results of this research indicate that JII and ISSI exhibited similar reactions only to changes in inflation. However, their responses diverged regarding changes in the exchange rate, money supply, and economic growth. Notably, a significant impact was observed only from the money supply on ISSI and from the simultaneous effects of the exchange rate, money supply, economic growth, and inflation on ISSI.
Factor Influencing of GCG and Service Quality to Increase Customer Loyalty in Islamic Bank Zarkasyi, Muhammad Ridlo; Nurfattah, Arizqiya; Kamaluddin, Imam; Cahyani, Meitria
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 15, No 2 (2024)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v15i2.753

Abstract

This research aims to find out the effect of service quality and the implementation of GCG on customer trust, knowing the effect of trust on customer loyalty, and knowing the effect of service quality and the implementation of GCG on customer loyalty. The data that was successfully collected was then analyzed using SEM with AMOS 24 software. The findings in this study state that: a) The implementation of GCG affects customer trust, as well as the quality of service, and has a positive influence on customer trust. b) There is a positive and significant influence of customer trust on customer loyalty. c) the quality of service and the implementation of GCG do not affect customer loyalty. The existence of the customer trust factor as a mediator is getting stronger with no positive influence on service quality and GCG distribution on customer loyalty.
Leveraging Blue Ocean Strategy: Cutting-Edge Approaches to Cafe Management Development Ningrum, Laila Dwi; Yafiz, Muhammad; Harahap, Muhammad Ikhsan
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 15, No 2 (2024)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v15i2.717

Abstract

In an increasingly competitive cafe market, innovation as a primary strategy is crucial to enhancing competitiveness and business growth in Tanjung Morawa. However, the challenges of effectively implementing innovation in cafe management may hinder cafes' ability to adapt to changing market trends and fluctuating consumer preferences quickly. Therefore, this research explores the role of innovation as a survival strategy in cafe management in Tanjung Morawa. Using the Blue Ocean Strategy approach, the study analyzes how innovation can enable cafes to create or redefine markets by offering unique value propositions and distinguishing themselves from competitors. The research methodology is descriptive qualitative, utilizing primary and secondary data sources, including surveys, interviews, documentation, and data analysis. Key informants include the owners of Skala Coffee, Cafe Abah Awak, and Selow Time Coffee. Data analysis techniques involve data reduction, presentation, and conclusion drawing. Findings demonstrate that innovation plays a crucial role in enhancing cafe competitiveness, with factors such as monitoring market trends, flexibility in responding to change, product quality, pricing, service delivery, and customer experience identified as keys to success. The practical implication of this research is that cafe owners must continue to foster innovation as part of their survival strategy in a competitive market environment.
Analysis of Community Perceptions on Halal Certification for Packaged Food Products Saragih, Dini Setiana; Syahbudi, Muhammad; Bi Rahmani, Nur Ahmadi
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 15, No 2 (2024)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v15i2.737

Abstract

This study provides valuable insights into the perceptions of Silou Paribuan Village residents regarding halal certification, enhancing the understanding of consumer behavior in rural settings. The research analyzes how these residents perceive halal certification when purchasing packaged food products. A qualitative descriptive method was used, drawing on consumer behavior theory and Sharia economic principles to explore these perceptions. Data was gathered through interviews and surveys, with 96 individuals selected from a total population of 2,375 using the Slovin formula with a 10% margin of error. Simple random sampling was employed to ensure representative participation. The data was collected via a questionnaire that utilized a Likert scale to gauge respondents' attitudes. The analysis applied consumer perception theories, including attribution, gestalt, product quality, and marketing communications. The results revealed that the perception of halal certification among Silou Paribuan Village residents is generally positive, with an average score of 74%. Most respondents recognized the importance of halal certification when choosing packaged food products. However, the study's focus on a single village may limit the generalizability of its findings to broader populations or different cultural contexts.
Assessing Financial Performance's Influence on Financing Risk in Indonesia's Islamic Commercial Banks Efendamara, Peppy Ayu; Sudarsono, Heri; Perdana, Andika Ridha Ayu
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 15, No 2 (2024)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v15i2.661

Abstract

This research aims to determine the long- and short-term relationships between the Return on Asset (ROA), Financing to Deposit Ratio (FDR), Operational Costs to Operational Income (BOPO), Industrial Production Index (IPI), and inflation on financing risk or Non Performing Financing (NPF) at Sharia Commercial Banks in Indonesia. This study uses secondary data obtained from publications by the Financial Services Authority and the Central Statistics Agency for the period January 2015 to June 2023. The the Auto-Regressive Distributed Lag (ARDL) method was used with the help of Eviews 12.0. The results show that in the long term, the ROA variable has a negative and significant effect on NPF. The FDR and BOPO variables have a positive and significant effect on NPF. However, Inflation and IPI variables have no long-term effect on NPF. In the short term, ROA and BOPO influence NPF. Meanwhile, the FDR, Inflation and IPI variables had no influence on NPF in the short term.
Comparative Analysis of Financial Performance of Firms Listed on the Jakarta Islamic Index Ariska, Ella; Batubara, Maryam; Syahriza, Rahmi
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 15, No 2 (2024)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v15i2.751

Abstract

In the context of evaluating company performance, both Economic Value Added (EVA) and Financial Value Added (FVA) provide a comprehensive measure that goes beyond traditional financial ratios, incorporating aspects of value creation for investors and stakeholders. This study aims to address the inconsistencies found in previous research by examining the performance of companies listed on the Jakarta Islamic Index (JII) using EVA and FVA methods. The research employs a quantitative descriptive approach, analyzing data from companies listed on the JII, accessible via the IDX.co.id website. The EVA analysis results for these companies reveal a positive significance, indicating that they are capable of delivering added value to investors. Similarly, the FVA analysis also shows a positive significance, suggesting that companies can enhance investor value, particularly through efficient management of depreciation expenses, which can increase the FVA value. A T-test was conducted to compare the financial performance using EVA and FVA methods, and the results indicate a significant difference between the two, suggesting that the variances are not the same. Both EVA and FVA calculations yield positive results, indicating strong financial performance for the companies analyzed. Notably, the FVA values are found to be greater than the EVA values, underscoring the potential for greater value creation from a financial standpoint. This study contributes to the understanding of how different performance measures can provide insights into company value creation, offering a more nuanced view of financial health for companies listed on the Jakarta Islamic Index.
Halal Social Media Marketing Activities on Wardah Halal Cosmetic Purnomowati, Indah
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 15, No 2 (2024)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v15i2.739

Abstract

This study aims to describe the halal social media marketing activities related to Wardah halal cosmetics. It examines how these marketing activities influence consumer loyalty and the quality of relationships with cosmetic buyers. The research was conducted among consumers at cosmetic retail stores using purposive sampling, with 200 respondents. Data analysis was performed using Structural Equation Modeling via the LISREL application. The findings indicate that halal social media marketing activities can foster a strong quality of relationship with Muslim women. Furthermore, consumer loyalty has a greater impact on halal social media marketing activities than relationship quality. This suggests that satisfaction with the Islamic values inherent in halal products and their marketing methods, which align with Islamic principles, particularly appeals to Muslim women. This study provides insights for Wardah Halal Cosmetics to consistently uphold halal values in product quality and apply social media marketing under Islamic law
Does Bank Health Affect Sharia Bank Financing in The Satellite City of Jakarta? Suko Wiryanto, Fadhli; Yetty, Fitri; Nopiyanti, Anita
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 15, No 2 (2024)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v15i2.744

Abstract

Various factors can influence the size of distribution financing in banking. To monitoring for existence The company continues financing distribution can be allocated appropriately optimally, banks need to pay attention to internal factors in assessing the level of health banks that can influence the distribution of financing. Internal bank health assessment This research is based on POJK No.8/POJK.03/2014 using bank health assessments with a risk approach (RGEC), measurement focuses on quantitative measurements use financial ratios, financial reports, therefore the variables are used are NPF, ROA, and CAR. The annual reports of the 3 largest Sharia Banks in Depok City were used as research samples. By method secondary data collection using multiple linear analysis and SPSS for data analysis. The research results show that NPF, ROA and CAR are partially positive haven’t a significant influence but simultaneously has quite a significant influence towards the distribution of financing at Depok’s Sharia Banks. 
The Influence of Sharia Financial Literacy, Religiosity, Social Environment, E-commerce, Mobile Banking and Online Loans on Consumptive Behavior in Gen Z Amir, Faizal; Adiba, Elfira Maya; Dzikrulloh, Dzikrulloh; Fadillah, Aulia Nur; Hariyani, Happy Febrina
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 15, No 2 (2024)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v15i2.907

Abstract

This study aims to determine the effect of Islamic financial literacy, religiosity, social environment, e-commerce, mobile banking, and online loans on consumer behavior in Gen Z. This study uses a quantitative approach with a data collection method in the form of a questionnaire via Google Form and distributing research questionnaires to 120 Gen Z respondents who use e-commerce and Mobile banking services. The data were analyzed using a multiple linear regression model using SPSS 25 software to test the effect of each independent variable (Islamic financial literacy, religiosity, social environment, e-commerce, mobile banking and online loans) on consumer behavior in Gen Z. The results showed that Islamic financial literacy had a negative and insignificant effect on consumer behavior in Gen Z, while the social environment, e-commerce, and online loans had a positive and significant effect on consumer behavior in Gen Z. Religiosity and Mobile banking had a positive and insignificant effect on consumer behavior in Gen Z.

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