cover
Contact Name
Firdaus Annas
Contact Email
firdaus@uinbukittinggi.ac.id
Phone
+6285363466196
Journal Mail Official
ekonomikasyariah.uinbukittinggi@gmail.com
Editorial Address
Data Center Building - Kampus II Institut Agama Islam Negeri (IAIN) Bukittinggi. Jln Gurun Aua Kubang Putih Kecamatan Banuhampu Kabupaten Agam Sumatera Barat Telp. 0752 33136 Fax 0752 22871
Location
Kab. agam,
Sumatera barat
INDONESIA
EKONOMIKA SYARIAH : Journal of Economic Studies
Core Subject : Economy,
EKONOMIKA SYARIAH: Journal of Economic Studies is a journal that publishes research results related to the themes of economics, finance, and Islamic banking. It also provides an important role in promoting the process of knowledge, values and skills. Scientific texts that discuss the topics of economics, finance and Islamic banking are highly expected to be presented. Interdisciplinary approaches to Islamic studies are used as instruments to overcome and solve Islamic economic, financial and banking problems. The editorial team invited researchers, scholars, and Islamic studies and economic observers to submit research articles that had never been published in other media or journals. Ekonomika Syariah is published twice a year, in June and December. The editorial team received the research article, typed 1.15 cm in space on A4 paper, double column, 15-20 pages long or 7000 to 9000 words. Every article published has gone through a peer-review process to maintain the quality of the publication.
Articles 185 Documents
The Dynamics of Corporate Governance, Earnings Management, and Market Risk in Enhancing Corporate Value: Evidence from the Indonesian Sharia Capital Market Subqi, Tajus
EKONOMIKA SYARIAH : Journal of Economic Studies Vol. 8 No. 1 (2024): June 2024
Publisher : Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30983/es.v8i1.8589

Abstract

This study aims to examine and analyse the factors influencing the value of companies in the Indonesian Sharia capital market, including corporate governance, earnings management, market risk, investment decisions, and dividend policy. Using secondary data from the Annual Report, Factbook IDX, and ICMD, and descriptive analysis using SPSS 28 and PLS-SEM, the study focuses on 71 sample companies from the Indonesian Sharia Stock Index (ISSI) during 2017-2022. The findings indicate that dividend policy and investment decisions significantly influence the mediating role of corporate governance on firm value, with a negative impact on firm value when corporate governance is high. Dividend policy does not significantly moderate the impact of earnings management and market risk on firm value, and investment decisions do not moderate the impact of earnings management. However, investment decisions significantly mediate the impact of market risk on firm value, with risk-orientated investors increasing firm value through short-term transactions, providing a new perspective on the relationship between investment decisions and firm value.
Realizing Sustainable Development In Indonesia Through Economic Growth Priorities: Empirical Evidence Vector Error Correction Model (VECM) Basri, Basri; Aisah, Laras; Abdullah, Abdullah
EKONOMIKA SYARIAH : Journal of Economic Studies Vol. 8 No. 1 (2024): June 2024
Publisher : Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30983/es.v8i1.8590

Abstract

Indonesia's journey towards sustainable economic development is closely intertwined with global issues in female labor force participation, environmental policy, and geopolitical dynamics. This study analyzes the causal relationship between economic growth, geopolitical risk, the female labor force, and environmental policy rigor in Indonesia. The data type used is a time series starting in 1992–2022, and it uses the Vector Error Correction Model (VECM) econometric model to identify the causal relationship and reveal the long-run and short-run effects between variables. The results of the analysis show that there is a one-way relationship between geopolitical risk and the female labor force. While the long-run test results show that the female labor force, geopolitical risk, and environmental policy have a significant impact on economic growth, The findings also reveal that there is a short-term effect between environmental policy stringency and economic development. This study emphasizes the importance of holistic and integrative policy formulation by considering the interaction of economic growth, women's participation in the workforce, environmental policy, and geopolitical risk to achieve sustainable development. By examining the causality and interdependence of the complex dynamics occurring in the socio-economic landscape, policymakers are expected to promote inclusive growth, consider environmental aspects, and be sensitive to geopolitical challenges in Indonesia's development trajectory.
The Effect of Knowledge, Psychological Factors, Technology and Culture in Adopting Islamic Banking Kumaidi; Asyari, Asyari
EKONOMIKA SYARIAH : Journal of Economic Studies Vol. 8 No. 1 (2024): June 2024
Publisher : Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30983/es.v8i1.8622

Abstract

This study was conducted to analyze the extent to which knowledge, psychological factors, technology, and culture influence the preferences of the Minangkabau community in conducting transactions with Islamic banks. The design of this research is quantitative correlational. The population in this study consists of the Minangkabau ethnic community in Bukittinggi, aged between 15 and 34 years, with a total population of 48,106 individuals. A sample size of 397 Minangkabau respondents was selected using Slovin’s formula with a critical value of 5%. The sample was determined through combination sampling to ensure the data collected represented all districts in Bukittinggi. Data were gathered through the distribution of questionnaires and analyzed using multiple linear regression analysis techniques. The results of the study indicate that knowledge has a negative but not significant effect on the intention of the community to transact with Islamic banks. Meanwhile, the variables of psychological factors, technology, and Minangkabau culture have a significant positive influence on the Minangkabau community's intention to transact with Islamic banks. Penelitian ini dilakukan untuk menganalisis seberapa besar pengaruh pengetahuan, psikologis, teknologi dan budaya terhadap preferensi masyarakat Minangkabau untuk bertransaksi di bank syariah. Bentuk penelitian ini adalah kuantitatif korelasional. Populasi dalam penelitian ini adalah masyarakat kota Bukittinggi yang beretnis Minangkabau dengan kisaran usia dari 15-34 tahun dengan jumlah populasi 48.106 orang. Dalam penelitian ini diambil jumlah sampel sebanyak 397 responden masyarakat Minangkabau yang ditentukan dengan menggunakan rumus slovin dengan nilai kritis 5%. Selanjutnya penentuan pengambilan sampel dilakukan secara combination sampling agar data yang diperoleh menyebar mewakili secara area sampling kesetiap kecamatan yang ada di Bukittinggi. Data dikumpulkan melalui metode penyebaran angket kuisioner yang kemudian dianalisis dengan teknik analisis regresi linier berganda. Hasil penelitian menunjukan bahwa pengetahuan berpengaruh negatif namun tidak signifikan terhadap intensi masyarakat untuk bertransaksi di bank syariah. Sedangkan variabel Psikologis, Teknologi dan Budaya Minangkabau mempunyai pengaruh yang positif signifikan terhadap intensi masyarakat Minangkabau untuk bertransaksi di bank syariah.  
Measuring the Poverty of Productive Zakat Mustahik using the CIBEST Model Yusril Firmansyah; Hari Sukarno; Masruroh, Nikmatul
EKONOMIKA SYARIAH : Journal of Economic Studies Vol. 8 No. 2 (2024): December 2024
Publisher : Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30983/es.v8i2.8194

Abstract

Abstract The productive Zakat is expected to contribute to alleviating poverty. The productive zakat model is a sustainable charity model and is not consumptive, so it can be expected to contribute to poverty alleviation. So, this research has some purposes thethe first is to explore the formula about the problem of productive zakat management carried out by BAZNAS; secondly, to analyze the impact of productive zakat on poverty alleviaton; and thirdly, to measure the poverty of mustahik productive zakat using the CIBEST model. The problem is solved using a mixed-method approach, namely qualitative with case study type and quantitative methods with descriptive statistics type. In this study, using qualitative research methods were used first, then continued using quantitative. This research took place in Probolinggo. Regency. The results of this study, first, the management of productive zakat by BAZNAS Probolinggo Regency uses the GAG ​​principle and uses the POAC management system. Second, productive zakat management has not had an impact on material poverty alleviation. Third, the poverty position of mustahik productive zakat using the CIBEST model, which is in quadrant II, it means that Mustahik has spiritual wealth and is materially poor.   Zakat produktif diharapkan bisa berkontribusi dalam mengentaskan kemiskinan. Model zakat produktif merupakan model charity yang berkelanjutan dan tidak bersifat konsumtif, sehingga bisa diharapkan bisa memberikan kontribusi pada pengentasan kemiskinan. Sehingga penelitian ini memiliki tujuan pertama mengeksplorasi tentang masalah pengelolaan zakat produktif yang dilaksanakan oleh BAZNAS, kedua, menganalisis dampak zakat produktif dalam pengentasan kemiskinan, ketiga mengukur kemiskinan mustahik zakat produktif dengan menggunakan model CIBEST. Masalah tersebut diselesaikan menggunakan pendekatan mix method, yaitu metode kualitatif dengan jenis studi kasus dan kuantitatif dengan jenis statistik deskriptif. Dalam penelitian ini menggunakan metode penelitian kualitatif terlebih dahulu, kemudian dilanjutkan menggunakan kuantitatif. Penelitian ini mengambil objek di Kabupaten Probolinggo. Hasil penelitian ini, pertama pengelolaan zakat produktif oleh BAZNAS Kabupaten Probolinggo menggunakan prinsip GAG dan menggunakan sistem manajemen POAC, kedua pengelolaan zakat produktif belum memiliki dampak bagi pengentasan kemiskinan secara materiil, ketiga posisi kemiskinan mustahik zakat produktif dengan model CIBEST, yaitu pada kuadran II artinya  mustahik memiliki kekayaan secara spiritual dan miskin secara material.  
The Role of DSN-MUI Fatwa No.153/DSN-MUI/VI/2022 in Realizing Consumer Protection in The Islamic Banking Sector Anas, Irham; Alfarouq , A.R. Zulfikar; Nasution, Atiqoh
EKONOMIKA SYARIAH : Journal of Economic Studies Vol. 8 No. 2 (2024): December 2024
Publisher : Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30983/es.v8i2.8697

Abstract

Murabahah financing, a sale-based model, is one of the key instruments in Islamic banking but faces challenges in Indonesia. One major issue is early repayment, where customers struggle to secure fair discounts, causing dissatisfaction and debates. To address this, the National Sharia Council of the Indonesian Ulama Council (DSN-MUI) issued Fatwa No. 153/DSN-MUI/VI/2022, mandating Islamic banks to provide early repayment discounts as a compulsory provision rather than a discretionary policy. This study aims to analyze the implications of the fatwa on Murabahah financing and identify strategies for its implementation in Islamic banking. A qualitative research method was employed, involving content analysis of the fatwa, Islamic banking regulations, and expert interviews. The results reveal that the fatwa provides legal clarity, ensuring discounts are obligatory, thereby addressing customers’ concerns and fostering fairness. Additionally, the study highlights key strategies, such as integrating discount calculation mechanisms in financing agreements, revising operational guidelines, applying historical cost criteria for determining ta’widh fees and adjustment of the calculation formula of PU-PMSJT in the financing product guidelines for Murabahah in Islamic banking. These measures promote mutual benefits for customers and banks, enhancing trust and sustainability in the Islamic finance ecosystem.   Pembiayaan Murabahah, sebagai model berbasis jual beli, merupakan salah satu instrumen utama dalam perbankan syariah, namun menghadapi tantangan di Indonesia. Salah satu masalah utama adalah pelunasan dipercepat, di mana nasabah kesulitan mendapatkan potongan pelunasan yang adil, sehingga menimbulkan ketidakpuasan dan perdebatan. Untuk mengatasi masalah ini, Dewan Syariah Nasional Majelis Ulama Indonesia (DSN-MUI) mengeluarkan Fatwa No. 153/DSN-MUI/VI/2022 yang mewajibkan bank syariah memberikan potongan pelunasan dipercepat sebagai ketentuan wajib, bukan kebijakan diskresi. Penelitian ini bertujuan untuk menganalisis implikasi fatwa tersebut terhadap pembiayaan Murabahah dan mengidentifikasi strategi penerapannya dalam perbankan syariah. Metode penelitian kualitatif digunakan, meliputi analisis konten terhadap dokumen fatwa, regulasi perbankan syariah, dan wawancara dengan para ahli. Hasil penelitian menunjukkan bahwa fatwa ini memberikan kejelasan hukum, memastikan potongan pelunasan menjadi kewajiban, sehingga menjawab kekhawatiran nasabah dan meningkatkan keadilan. Selain itu, penelitian ini menyoroti strategi utama seperti mengintegrasikan mekanisme perhitungan potongan pelunasan dalam perjanjian pembiayaan, merevisi pedoman operasional, menerapkan kriteria biaya historis untuk menentukan ta’widh atas pelunasan dipercepat dan penyesuaian formula perhitunganPU-PMSJT pada buku pedoman produk pembiayaan murabahah perbankan syariah. Langkah-langkah ini mendorong manfaat bersama bagi nasabah dan bank, sekaligus memperkuat kepercayaan dan keberlanjutan dalam ekosistem keuangan syariah.
Extended Factors for Theory of Planned Behavior on Organic Food Consumption: A Review Primaroni, Oky; Septirosya, Tiara
EKONOMIKA SYARIAH : Journal of Economic Studies Vol. 8 No. 2 (2024): December 2024
Publisher : Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30983/es.v8i2.8955

Abstract

Damage to land caused by conventional farming, as a result of the use of synthetic fertilizers and pesticides, threatens future food availability. Organic farming is considered one of the efforts to implement sustainable agriculture. Consumer preferences need to be directed towards consuming organic agricultural products, but there are still many other factors influencing this behavior. Numerous studies have been conducted to assess consumer behavior. Some of these studies use the Theory of Planned Behavior (TPB) model to determine whether or not a specific behavior is performed. The Theory of Planned Behavior (TPB) model still needs to be integrated with other factors that also influence the adoption of a particular behavior. This study aims to propose an alternative model based on the Theory of Planned Behavior (TPB) to understand consumer behavioral intentions regarding the consumption of organic food. A descriptive method with a systematic review approach was used in this study based on a review of articles related to consumer behavior in the organic food domain. An alternative model of the Theory of Planned Behavior (TPB), with several additional influencing factors such as Religiosity, Health Consciousness, Environmental Consciousness, Price Barrier, Trust, Availability, and Knowledge, is provided as input for researchers, practitioners, and policy makers.
The Role of Islamic Values in Married Women's Employment Decisions in Deli Serdang Khairina Tambunan; Nuri Aslami; Taqiya Zahrowaini; Susana Paixão-Barradas
EKONOMIKA SYARIAH : Journal of Economic Studies Vol. 8 No. 2 (2024): December 2024
Publisher : Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30983/es.v8i2.8966

Abstract

This study analyzes the factors influencing employment decisions among married women in Deli Serdang from an Islamic perspective. These decisions are shaped by social, economic, cultural, and religious factors, with Islamic ethics and Sharia serving as key considerations for women's roles, especially in economic activities outside the home. Using a quantitative approach with questionnaires and literature review, the study found that employment opportunities significantly affect work decisions, followed by age and family size. While income and education have no significant individual impact, all variables collectively contribute 62.7% to these decisions. Influential factors include family economic needs, social participation, family support, and understanding of women's roles in Islam. Islam permits women to work within Sharia guidelines, ensuring dignity and fulfilling family obligations. This research highlights the balance between women's roles in family and society in line with Islamic teachings.
The Effectiveness of Sharia Audit in Islamic Financial Institution Ayu, Sandra Ayu; Maisya Pratiwi; Aryuna, Wemi
EKONOMIKA SYARIAH : Journal of Economic Studies Vol. 8 No. 2 (2024): December 2024
Publisher : Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30983/es.v8i2.8977

Abstract

Sharia audit in Islamic financial institutions plays an important role in ensuring that operations, products, and services offered are in accordance with sharia principles to maintain the integrity, transparency, and accountability of the institution. However, sharia auditors face various challenges in conducting sharia audits, such as technical issues, lack of management support, and the absence of comprehensive sharia auditing standards.  This qualitative research aims to describe the effectiveness of sharia audit implementation by analyzing the audit framework and audit work papers at Bank Nagari Syariah Business Unit through a phenomenological approach, with data collected through in-depth interviews with bank leaders. The results showed that the implemented sharia audit framework includes the structure of the sharia supervision organization, the scope of the audit, to reporting and follow-up. Sharia audits are proven to increase customer confidence as they provide assurance that the bank's products and services have undergone strict supervision in accordance with sharia principles. Ongoing monitoring from OJK and regular audits by external auditors help maintain audit quality and effectiveness, creating a robust compliance system that contributes to the stability, accountability and reputation of banks in the Islamic finance industry. Audit syariah pada lembaga keuangan syariah berperan penting dalam memastikan operasional, produk, dan layanan yang ditawarkan sesuai dengan prinsip-prinsip syariah untuk menjaga integritas, transparansi, dan akuntabilitas lembaga. Namun, auditor syariah menghadapi bermacam tantangan dalam pelaksanaan audit syariah, seperti permasalahan teknis, kurangnya dukungan manajemen, dan belum adanya standar audit syariah yang komprehensif. Penelitian kualitatif ini bertujuan mendeskripsikan efektivitas pelaksanaan audit syariah dengan menganalisis kerangka kerja audit dan kertas kerja audit di Bank Nagari Unit Usaha Syariah melalui pendekatan fenomenologis, dengan data yang dikumpulkan melalui wawancara mendalam kepada pimpinan bank. Hasil penelitian menunjukkan bahwa kerangka kerja audit syariah yang diterapkan mencakup struktur organisasi pengawasan syariah, ruang lingkup audit, hingga pelaporan dan tindak lanjut. Audit syariah terbukti meningkatkan kepercayaan nasabah karena memberikan jaminan bahwa produk dan layanan bank telah melalui pengawasan ketat sesuai prinsip syariah. Pemantauan berkelanjutan dari OJK dan audit rutin oleh auditor eksternal turut menjaga kualitas dan efektivitas audit, menciptakan sistem kepatuhan kokoh yang berkontribusi pada stabilitas, akuntabilitas, dan reputasi bank dalam industri keuangan syariah.
An Analysis of Some Factors Affecting Employee Performance at Bank NTB Syariah Praya Branch Salihin, Agus; Edy, Syamsul Sukmono
EKONOMIKA SYARIAH : Journal of Economic Studies Vol. 7 No. 1 (2023): June 2023
Publisher : Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30983/es.v7i1.4236

Abstract

This study aims to analyze the factors that affect the performance of employees at Bank NTB Syariah Praya Branch. This research is a quantitative study using primary data obtained from distributing questionnaires. The research sample consisted of 30 respondents consisting of NTB Syariah bank employees at the Praya branch. Methods of data analysis in this study using multiple linear regression with the help of SPSS software. The results showed that partially and simultaneously the variables of organizational culture, motivation and compensation have a significant positive effect on the employee performance of Bank NTB Syariah Praya Branch. Then the coefficient of determination was 81.1%. This means that the independent variable is able to explain the dependent variable by 81.1%.Penelitian ini bertujuan untuk menganalisis faktor yang mempengaruhiikinerja karyawan pada Bank NTB Syariah Cabang Praya.Penelitian ini termasuk penelitiannkuantitatif yang menggunakan data primer yang diperoleh dari penyebarannkuesioner. Sampel penelitiannsebanyak 30 responden yang terdiri dari karyawan bank NTB Syariah cabang praya. Metode analisis data dalammpenelitian ini menggunakan regresi linierberganda dengan bantuan software SPSS.Hasil penelitiannmenunjukkan bahwa secara parsial dan simultan variabel budaya organisasi, motivasi dan kompensasi berpengaruh positif signifikan terhadap kinerja karyawan Bank NTB Syariah Cabang Praya. Kemudian nilai koefisien determinasi sebesar 81,1%. Hal ini berarti bahwa variabel bebas mampuumenjelaskan variabellterikat sebesar 81,1%.
The Effect of the Composite Stock Price Index (IHSG), Exchange Rate, and Bank Indonesia Sharia Certificate (SBIS) on the Net Asset Value of Indonesian Sharia Mutual Funds For The 2011-2021 Period Sukma, Chintia Gita; Panorama, Maya
EKONOMIKA SYARIAH : Journal of Economic Studies Vol. 7 No. 1 (2023): June 2023
Publisher : Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30983/es.v7i1.6036

Abstract

Reksadana syariah menjadi salah satu pilihan investasi yang populer dikalangan masyarakat Indonesia. Faktor makro ekonomi suatu negara merupakan faktor utama yang mempengaruhi NAB reksadana syariah. Penelitian ini bertujuan untuk menguji faktor-faktor makro ekonomi yang mempengaruhi NAB reksadana syariah Indonesia, yang diantaranya IHSG, Nilai Tukar, dan SBIS terhadap NAB Reksadana Syariah Indonesia, dengan periode waktu 11 tahun, dari 2011-2021. Penelitian ini menggunakan metode kuantitatif. Data yang digunakan adalah data sekunder time series yang dianalisis menggunakan analisis regresi linear berganda. Alat bantu uji statistic menggunakan SPSS 21. Hasil penelitian menunjukkan bahwa nilai tukar berpengaruh secara positif dan signifikan terhadap reksadana syariah, hal ini dikarenakan mata uang yang tinggi akan membangkitkan semangat para investor untuk melakukan investasi, dan begitu pula sebaliknya. Sementara itu IHSG dan SBIS tidak berpengaruh terhadap reksa dana syariah dan secara Secara simultan variable IHSG, Nilai Tukar dan SBIS berpengaruh secara positif dan signifikan terhadap NAB reksadana syariah Indonesia. Karena terdapat keseimbangan di pasar aset seperti uang, obligasi, saham, dan bentuk kekayaan lainnya, maka NAB  reksadana syariah mengungkapkan hubungan antar variabel makro ekonomi. Hasil penelitian ini memberi dasar bagi para manajer investasi untuk memahami faktor-faktor yang mempengaruhi NAB reksadana syariah Indonesia, agar dapat lebih bijak dalam menentukan kebijakan investasi, sehingga dapat memaksimalkan imbal hasil dan meminimalisir kerugian.  Sharia mutual funds are a popular investment choice among Indonesian people. A country's macroeconomic factors are the main factors that influence the NAV of sharia mutual funds. This research aims to examine the macroeconomic factors that influence the NAV of Indonesian sharia mutual funds, including the IHSG, Exchange Rate, and SBIS on the NAV of Indonesian Sharia Mutual Funds, over a period of 11 years, from 2011-2021. This research uses quantitative methods. The data used is secondary time series data which was analyzed using multiple linear regression analysis. The statistical test tool uses SPSS 21. The research results show that the exchange rate has a positive and significant effect on sharia mutual funds, this is because a high currency will arouse investors' enthusiasm for investing, and vice versa. Meanwhile, IHSG and SBIS have no effect on sharia mutual funds and simultaneously the IHSG, Exchange Rate and SBIS variables have a positive and significant effect on the NAV of Indonesian sharia mutual funds. Because there is balance in asset markets such as money, bonds, shares and other forms of wealth, the NAV of Islamic mutual funds expresses the relationship between macroeconomic variables. The results of this research provide a basis for investment managers to understand the factors that influence the NAV of Indonesian sharia mutual funds, so that they can be wiser in determining investment policies, so that they can maximize returns and minimize losses.

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