cover
Contact Name
Asep Dadan Suganda
Contact Email
asep.dadan@uinbanten.ac.id
Phone
-
Journal Mail Official
islamiconomic@uinbanten.ac.id
Editorial Address
Jurusan Ekonomi Syariah, Gedung Fakultas Ekonomi dan Bisnis Islam, UIN Sultan Maulana Hasanuddin Banten
Location
Kota serang,
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 171 Documents
Evaluation of Financial Technology's Performance in Islamic Banking across Indonesia, Malaysia, and Brunei Darussalam Rahmi, Asri Noer; Palupi, Ade; Siska Pratiwi, Silvia; Annisa Buys, Witrie
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 14, No 2 (2023)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v14i2.559

Abstract

This research aims to analyze the effect of financial technology on financial performance in Islamic banking Indonesia, Malaysia and Brunei. The measurement method used in this research the percentage of income derived from the financial technology in the financial statements presented in Islamic banking registered with the Financial Services Authority (OJK). The data used is secondary data obtained from the annual financial statements. population in this research Islamic banking in Indonesia period 2016-2020. The sampling method in this research using purposive sampling method. The number of samples obtained is 129 samples. The data analysis used is the classical assumption test and multiple linear regression analysis. The method analysis data using SPSS version 25. The results of the analysis that has been carried out in this research, it shows that FDR, DER, BOPO, Inflation and Islamic Banking have a significant effect on financial technology in Islamic banking. Meanwhile, financial performance represented by ROA has a significant negative effect on financial technology. Where the increasing income generated by Islamic banking does not necessarily mean that the bank will improve the quality of its financial technology. All variable contribution to the development of financial technology in Islamic banking in Indonesia, Malaysia and Brunei. This shows that the realization that had carried out describes the situation and the condition of the financial performance of Islamic banking on the financial technology.
Analysis of Halal Supply Chain Policy and Its Impact on Sharia Business and Economic Growth Peristiwo, Hadi; Firdaus, Farhan; Haryati, Sri
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 15, No 1 (2024)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v15i1.740

Abstract

As the global Muslim population grows, the demand for halal goods and services is rising, necessitating a comprehensive strengthening of the halal value chain. This effort is crucial for enhancing the potential of Sharia-compliant businesses and the broader Islamic economy. This study seeks to evaluate the performance of key strategic entities involved in halal supply chain policies and to determine the significant impact of these policies on Sharia business and economic growth. Employing a literature review method, this research systematically searched published articles from 2010 to 2022 across databases such as Sage, Elsevier Science, and Taylor Francis. Keywords used included "halal supply chain," "Sharia business," and "Islamic economy." The findings reveal that the effectiveness of halal supply chain policies, including their formulation and implementation, plays a critical role in safeguarding the integrity and robustness of the halal supply chain, thereby significantly influencing the development of Sharia-compliant businesses and economic growth.
How the Promotional Strategies and Innovations of Korean Halal Products Featured in Korean Dramas Can Influence The Purchase Decisions and Consumer Interest Anggeraini, Ria; Junaidi, Heri; Maulana, Chandra Zaki
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 15, No 1 (2024)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v15i1.666

Abstract

This study aims to analyze the impact of promotion and innovation of Korean Halal Products in Korean dramas on purchasing decisions through consumer interest in Palembang City. The research method employed a quantitative approach with statistical analysis using SmartPLS 4. Primary data was collected from respondents in Palembang City. The analysis results indicate that promotion and innovation of Korean Halal Products in Korean dramas significantly influence purchasing decisions positively. Furthermore, promotion and innovation also significantly affect consumer interest in these products. These findings suggest that promotions and innovations through Korean drama media play a crucial role in enhancing purchasing decisions and consumer interest in Korean Halal Products in Palembang City. The conclusions from this study support the theory that promotion and innovation play a role in influencing consumer behavior regarding purchasing decisions and interest in halal products. The practical implications of this research can assist marketing practitioners in planning effective promotion strategies for marketing Korean Halal Products in the Indonesian market, particularly in Palembang City.
Optimization Strategy for The HEBITREN Program and Halal Value Chain in Developing The Sharia Economy Br. Lumban Tobing, Fanny Asyifa; Harahap, Isnaini; Daulay, Aqwa Naser
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 15, No 1 (2024)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v15i1.738

Abstract

There is a problem that often arises: Islamic boarding schools are still lacking in terms of income to manage and drive the Islamic boarding school economy. Islamic boarding schools are often only fixated on student dues as a funding source for various purposes, including economic development and infrastructure. Therefore, the researcher intends to analyze one way to encourage the economic independence of Islamic boarding schools through the optimization of the Hebitren program and the potential of the halal value chain for the development of the Islamic economy in Islamic boarding schools. The method raised in this study is a qualitative method where the researcher goes directly to the location of the case study to obtain information which then the results of the study are processed and analyzed using the SOAR framework and the IFAS / IFES matrix and then described descriptively. The results of the study show that the most appropriate strategy to optimize the economic independence of Islamic boarding schools through the Hebitren program and the potential of the halal value chain is the SA strategy, namely developing quality human resources and playing an active role in developing business models based on Islamic values, streamlining the concept of halal value chain, managing Islamic boarding school assets, entrepreneurship training, and strengthening business networks
Prospects and Challenges of Green Sukuk for Sustainable Development Projects in Malaysia Sulaiman, Ahmad Azam; Mohamad, Mohammad Taqiuddin; Mustapa, Siti Salwani
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 14, No 2 (2023)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v14i2.593

Abstract

The issuance of green Sukuk in mid-2017 has become an increasingly attractive mechanism for investors and issuers to increase the capital of projects, assets or other activities that benefit the economy, environment and whole of society. The main objective of this study is to examine the current status of green Sukuk since it was published from July 2017 to March 2018 as well as review the prospects and challenges of green Sukuk in Malaysia. This study critically examines the various literature, aimed at emphasizing possible opportunities for future success and challenges to investors in investing in green Sukuk. The results of this study show that the possibilities and opportunities of green Sukuk in the future through various prospects can have a positive impact to encourage the growth of green Sukuk. In the fast-growing capital market in Malaysia, challenges are inevitable and may arise when organizations assess whether issuing green Sukuk is the right course of action. The findings of this study provide useful information to individual investors, investment companies and implemental companies to identify prospects and challenges in implementing green Sukuk so that the preparation and improvement in complying with sharia law can be done, achieve the purpose of environmentally friendly investment as well as generate good profits. 
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.
The Influence of Financial Performance and Company Size on Zakat Payments of PT. Bank Muamalat Indonesia Tbk Anisah, Rahmi; Rohim, Ade Nur
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 15, No 1 (2024)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v15i1.645

Abstract

The development of total assets of Islamic Commercial Banks (BUS) continues to increase every year. In addition, the potential for zakat in Indonesia is also increasing every year, including from the corporate zakat sector. However, the increase is not in line with the realization of national zakat collection. In fact, corporate zakat has the highest contribution compared to other types of zakat, especially in terms of zakat potential. An in-depth analysis of the factors that influence corporate zakat payment is needed. This study aims to analyze several factors that affect corporate zakat such as ROA, CAR, FDR, NPF and Company Size. The research was conducted at PT Bank Muamalat Indonesia Tbk using secondary data. This research data was analyzed by multiple linear regression. The research sample used data published in the financial statements of PT Bank Muamalat Indonesia Tbk in 2012 - 2022. The results of this study state that the variables ROA, CAR, FDR, NPF and Company Size together have an effect on corporate zakat. As well as, partially states that the ROA variable affects the company's zakat, while the CAR, FDR, NPF and Company Size variables have no effect on corporate zakat. The results of this study are expected to contribute to the level of literacy and realization of corporate zakat collection, especially from the BUS sector.
KAMISEDEKAH Program Majoring in Sharia Economics in The Welfare of The People Jannah, Mukhlishotul; Hadiyyin, Ikhwan
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 14, No 2 (2023)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v14i2.589

Abstract

Alms are small acts of kindness meant to help others and promote social empathy. The KAMISEDEKAH program, run by the Department of Sharia Economics at UIN Sultan Maulana Hasanuddin Banten, aims to create job opportunities, reduce crime, and strengthen community bonds. This study highlights key aspects of the program. The KAMISEDEKAH program supported the department’s mission to improve education, research, and community service in Islamic economics. The program is a concrete way to serve the community. KAMISEDEKAH has both short-term and long-term programs. Short-term programs include: 1) Helping with emergency student tuition, 2) Disaster relief, 3) Gift-giving, 4) Revolving capital for students, 5) Mass circumcision funding, 6) Qurban (sacrifice) funding, 7) Orphan compensation, and 8) COVID-19 assistance. Long-term programs include: 1) Scholarships for the poor until graduation, 2) Opening kiosks, and 3) Establishing a FEBI clinic. The donation process works as follows: Every Thursday, students contribute IDR 2,000 each, which is collected by the class leaders and then submitted to the Department Student Association (HMJ) for Sharia Economics, Sharia Banking, and Sharia Insurance. Lecturers and staff contribute IDR 5,000 each, coordinated by the academic manager. The KAMISEDEKAH program aims to share resources and bring joy to everyone. The recipients' income varies, with the highest at IDR 2,250,000 and the lowest at IDR 600,000. On average, recipients earn IDR 1,000,000 per month. Most recipients have irregular jobs with low pay. The program helps ease their financial burden by allowing them to save money on daily expenses. In conclusion, the KAMISEDEKAH program contributes to the community's well-being and helps improve the lives of those in need.
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
Self-Evaluation With SWOT Analysis and ANP in The Sharia Business Management Department Maskuroh, Nihayatul; Suganda, Asep Dadan; Nurhayati, Siti
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 14, No 2 (2023)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v14i2.668

Abstract

This study aims to find out how the efforts of the Faculty of Economics and Islamic Business, UIN Sultan Maulana Hasanuddin Banten, in developing the Sharia Business Management (SBM) study program with all the strengths, weaknesses, and opportunities in dealing with various existing threats. This research uses a feasibility study method for the SBM program with quantitative SWOT analysis and the Analysis Network Process approach to formulate alternative strategies using Super Decisions software. Based on the data obtained, it can be concluded that the positioning of the Sharia Business Management study program, according to the respondents, is quite important and reaches a percentage of 56.5 with the argument that the mastery of Sharia-based business management is quite important as much as 50.8%. Meanwhile, from the Internal Factor Evaluation and External Factors Evaluation metrics, it can be seen that the position of the X axis is at point 3.60, and the position of the Y axis is at point 2.68. Therefore, because the meeting point between the X and Y axes is in quadrant I, so the strategy used is progressive (aggressive), namely maximizing the Strengths-Opportunities strategy by paying attention to other strategies such as Weakness-Opportunities, Strengths-Threats, and Weakness-Threats