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
The Effect of Promotion, Price, Celebrity Endorsement, Brand Image, E-Word of Mouth, and Halal Fashion Design on Muslim Fashion Sales on The TikTok Shop Platform Hariyadi, Alifia; Jamilah, Siti
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 16, No 1 (2025)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v16i1.850

Abstract

This study investigates the influence of promotion, price, celebrity endorsement, brand image, electronic word-of-mouth (e-WOM), and halal fashion design on Muslim fashion sales through TikTok Shop in Indonesia using Structural Equation Modeling with Partial Least Squares (SEM-PLS) involving 150 purposively selected respondents. Results reveal that promotion (β = 0.446, p = 0.006) and halal fashion design (β = 0.361, p = 0.003) significantly drive sales, while celebrity endorsement and e-WOM show no direct impact, challenging traditional e-commerce assumptions. Halal fashion design significantly mediates the price-sales relationship (β = 0.336, p = 0.002), demonstrating Muslim consumers' willingness to pay premium prices for religiously compliant designs, with the model explaining 95.4% of sales variability. These findings suggest halal fashion businesses should prioritize consistent promotional campaigns leveraging TikTok's live streaming features, invest in authentic design excellence showcasing Islamic compliance, and focus on community-driven marketing rather than expensive celebrity endorsements. This research provides the first comprehensive framework for halal fashion marketing in social commerce environments, revealing how traditional e-commerce success factors require adaptation for visual-first platforms where authenticity supersedes conventional trust mechanisms.
The Influence of Regulation, Halal Awareness, and Business Prospects on Halal Certification Decisions for MSMEs in Medan City Ritonga, Rizka Sabila; Nasution, Muhammad Lathief Ilhamy; Tambunan, Khairina
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 16, No 1 (2025)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v16i1.879

Abstract

The halal industry continues to experience significant growth globally, as awareness of halal products increases. In Indonesia, this sector is a national priority, especially in encouraging MSMEs to obtain halal certification. However, the level of certification among MSMEs is still low, including in Medan City, which has great potential in the development of the halal industry. The research objective is to examine the effect of halal awareness regulations, as well as business prospects on MSME decisions to obtain halal certification in Medan City. This study uses a quantitative approach with primary data sources obtained through distributing questionnaires to 100 respondents. The sampling technique uses a non-probability sampling method with a purposive sampling approach, namely determining the sample based on certain criteria that are relevant to the research objectives. Data analysis was carried out using statistical tests in the form of multiple linear regression to determine the effect of each independent variable on MSME halal certification decisions. The results showed that regulation, halal awareness, and business prospects have a significant effect on MSME halal certification decisions in Medan City, with halal awareness as the dominant factor. This finding implies the importance of the role of education, simplification of regulations, and increasing halal market literacy for business actors, which directly supports the strengthening of the Islamic economy through the application of sharia principles in MSME economic activities, and encourages the creation of a competitive and sustainable halal ecosystem. This study reinforces the importance of applying sharia principles to empower MSMEs through halal certification
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.
Exploration of Halal Tourism: Impact of Halalpreneur Business Innovation and Sustainable Development Faizah, Fita Nurotul; Agustina, Refi
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 16, No 1 (2025)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v16i1.768

Abstract

The research objective is to explore the impact of halal tourism on halalpreneurs innovation and its contribution to Sustainable Development Goals (SDGs) in Semarang City. Using qualitative methods, researchers collected primary data through non-participant observation and interviews with tourism managers, tourists, and MSME players. Secondary data was collected in the form of documentation. The research objects were Old City, MAJT and Marina Beach. The data obtained were then analyzed using descriptive qualitative. The results showed significantly that halal tourism encourages business innovation among halalpreneurs because of the competitive environment. The innovation is in the form of improving the quality of products, services, and marketing strategies to attract more visitors. Furthermore, halal tourism is able to have a positive impact on sustainable development goals (SDGs), especially SDG 1, 8, 9, 10, 11, 12, and 17. The implication of this research is to emphasize the importance of the government's role and cooperation between stakeholders in efforts to increase halal tourism, thus encouraging sustainable development in Semarang City
The Role of Islamic Boarding Schools in Enhancing the Entrepreneurial Attitudes of Students and Strengthening the Community's Economy Turmudi, Muhamad; Novitasari, Rasidah; Aryanto, Dwi
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 16, No 1 (2025)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v16i1.849

Abstract

The development of Islamic boarding schools not only functions as an educational institution but also as a social and economic institution. This research aims to examine the role of Islamic boarding schools in enhancing students' entrepreneurial attitudes and strengthening the community's economy. The method used is descriptive quantitative to explain how the influence of learning variables can enhance students' entrepreneurial attitudes and how the economic empowerment variable influences the economic strengthening of the community around the Islamic boarding school. The results of the analysis show that 56.1% of learning has an influence on increasing the entrepreneurial Attitudes of students. Economic empowerment does not have a direct influence on strengthening the community's economy. However, the existence of Islamic boarding schools provides a real contribution to the empowerment of the community's economy through the development of various productive business units within the framework of the Islamic economic system, such as laundry services, food stalls, grocery stores, clothing stores, and tailoring services. These economic activities create job opportunities for the surrounding community and encourage local economic growth in an inclusive and equitable manner, in line with the basic principles of Islamic economics such as justice, welfare, and empowerment of the people.
Estimation of Multivariate-GARCH Models to Stock Return an Islamic Banks in Indonesia and Malaysia Ibrahim, Zaini; Anita, Anita; Marfuah, Siti; Fitriani, Nurul
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 16, No 1 (2025)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v16i1.876

Abstract

This research aims to forecast Islamic banking stock returns and compare the stock performance of Islamic banks in Indonesia and Malaysia. This research uses the Generalized Autoregressive Conditional Heteroscedasticity (GARCH) method in estimating stock volatility with variance based on market models, known as the Conditional-Capital Pricing Asset Model (C-CAPM). The sample selection technique used a purposive sampling method, and a sample of three commercial Islamic shares in Indonesia and four shares of Bank Islam Malaysia were obtained. The research results prove that Islamic Commercial Bank shares on the Indonesian and Malaysian Stock Exchanges are efficient shares so they are recommended to own, with a ranking based on actual return calculations in Indonesia, namely: 37.7% (BRIS); 35.5% (PNBS); 5.70% (BTPS); and in Malaysia. as follows: 35.7% (KFH); 13.6% (AFIN); 1.70% (RAJHI); 1.0% (CIMB). The Welch F-test with the C-CAPM model proves no difference between the stock returns of Islamic banks in Indonesia and Malaysia.
Fostering Social Cohesion: The Impact of Citizen Participation in Pakistan Nadir, Muhammad; Bashir, Saima
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 16, No 1 (2025)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v16i1.872

Abstract

This study explores the interplay between civic engagement and social cohesion in Pakistan, with a particular focus on fostering inclusive development through both strategic policy and grassroots initiatives. By evaluating the impact of civic participation on enhancing social cohesion, the research examines key government policies, including the National Action Plan, National Youth Policy, and minority protection laws, alongside civil society efforts aimed at mitigating societal fragmentation and promoting participatory governance. Utilizing a qualitative approach, this research analyzes academic literature, policy reports, and case studies to uncover how civic engagement fosters communal trust and strengthens collective identity. A critical finding of the study is the notable gap in the effective implementation of policies, local ownership, and the inclusion of minorities. The study calls for a more integrated policy approach, greater grassroots empowerment, and equity-driven governance models to achieve long-term social cohesion and inclusive development in Pakistan.
Development of Islamic Bank Performance Measurement Using The Maslahah Performa (MaP) Approach Maulida, Syahdatul; Firdaus, Achmad
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 16, No 1 (2025)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v16i1.841

Abstract

The objective of the research is to develop a performance measurement model for Islamic banks using the Maslahah Performa (MaP) approach. The performance measurement model encompasses six MaP maslahah orientations, namely worship, internal processes, talent, learning, customers, and wealth, with each maslahah orientation comprising specific measures, formulas, and targets. The development of performance measures is informed by a comprehensive array of sources, including the Qur'an and Hadith, financial statements, sustainability reports, Islamic bank governance, and regulations established by the OJK and Bank Indonesia. The research design entailed an exploratory study, wherein secondary data was obtained from financial reports, sustainability reports, Islamic bank governance reports, OJK and Bank Indonesia regulations, and other sources. Data samples were obtained from the annual reports of Bank Syariah Indonesia and Bank Muamalat. The selection of these two banks was made with the consideration that they can represent the classification of the Bank Group Based on Tier 1 Capital (KBMI). The findings from the data analysis were then used to develop a more comprehensive understanding of the application of maqashid sharia in measuring the performance of Islamic banks. The implications of this study for Islamic banking practitioners are that the application of the MaP model can help make more maqashid sharia-based decisions, ensuring a balance between profitability and social sustainability. Moreover, the findings of this study can serve as a foundation for regulators to formulate policies and regulations that more effectively support the integration of maqashid sharia principles in the performance assessment of Islamic banks.
Research Quantity in Enhancing Public Literacy on Cash Waqf Linked Sukuk: Bibliometric Analysis Using Vosviewer Safitri, Nurfala; Rohman, Muhammad Abdul; Sahroni, Abdullah; Kurniawan, Cecep Soleh
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 16, No 1 (2025)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v16i1.882

Abstract

This study explores the need to enhance Cash Waqf Linked Sukuk (CWLS) literacy to promote its development in Indonesia. As an innovative instrument linking cash waqf with sukuk, CWLS has the potential to drive sustainable social and economic growth. However, limited public awareness hinders its adoption. Using bibliometric analysis and digital trend data from tools like Publish or Perish (PoP) and Vosviewer, this research identifies gaps in CWLS literature and societal literacy. Data collected from PoP, focusing on the keyword "CWLS from 2018 to 2025," revealed 175 publications, 1,330 citations, an h-index of 7, g-index of 190, and an average of 845.97 citations per year. Network visualization analysis showed that topics related to individual intention and role in CWLS literacy had low occurrences (12 and 11, totally only 23 occurrences) in Cluster 3, compared to Cluster 1, which had 161 occurrences. Additionally, no significant direct relationship was found between the role variable from Cluster 3 and the BWI (Indonesian Waqf Board) variable from Cluster 1, indicating a conceptual gap in understanding the roles of individuals and institutions in CWLS literacy. These findings underline the need for improved CWLS literacy campaigns, particularly through collaboration between BWI and stakeholders. This study contributes to Islamic economics literature and provides strategies to enhance CWLS literacy and implementation in Indonesia.
Analysis of the Auction Mechanism for Rahn Collateral in Islamic Pawnshops Mukit, Abd; Setiawan, Firman
ISLAMICONOMIC: Jurnal Ekonomi Islam Vol 16, No 1 (2025)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v16i1.891

Abstract

The auction mechanism for pledged goods (rahn) in Islamic pawnshops represents a crucial intersection between Sharia compliance and the application of Islamic business ethics. This study aims to critically examine the auction procedures at Pegadaian Syariah Blega Branch and assess their conformity with core ethical values in Islamic economics. Employing a qualitative descriptive method, data were gathered through direct observation, semi-structured interviews with both employees and customers, and document analysis. The results indicate that the auction process is carried out in a transparent and professional manner, involving key stages such as item reappraisal, formal customer notification, public auction announcements, and an open and competitive bidding system. These procedures align not only with fiqh provisions concerning rahn but also reflect fundamental Islamic ethical values, including honesty (ṣidq), justice (‘adālah), and trustworthiness (amānah). The study concludes that the auction mechanism implemented at Pegadaian Syariah Blega Branch is not merely compliant with the formal legal framework but also serves as a concrete embodiment of Sharia-based ethical business practices. This contributes meaningfully to strengthening ethical governance within Islamic financial institutions and underscores the importance of integrating moral values into operational mechanisms.