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Contact Name
Hamdah Rosalina
Contact Email
admin@journal.itqanpreneurs.com
Phone
+6288219960381
Journal Mail Official
admin@journal.itqanpreneurs.com
Editorial Address
Vila Mahkota Pesona ii-1 No.67 Bojongkulur Kecamatan Gunung Puteri Kabupaten Bogor Jawa Barat 16969
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Kab. bogor,
Jawa barat
INDONESIA
ITQAN: Journal of Islamic Economics, Management, and Finance
ISSN : -     EISSN : 28100700     DOI : 10.57053
Core Subject : Economy, Science,
ITQAN: Journal of Islamic Economics, Management, and Finance (E-ISSN: 2810-0700) is a scientific journal which focuses on the field of business. The scope of the journal is in the fields of Economics, Management, and Islamic Finance with sub-themes including Business Management, ZISWAF Management, Islamic Social Finance, Sharia Accounting, and related.
Articles 56 Documents
Determining Indicators of RIDA Framework for Entrepreneurial Success in Halal Tourism Wibowo, Finantyo Eddy; Nadzri, Suhaila binti; Puad, Nooraimi binti Mohd
ITQAN: Journal of Islamic Economics, Management, and Finance Vol. 4 No. 1 (2025): ITQAN: Journal of Islamic Economics, Management, and Finance
Publisher : Yayasan Mitra Peduli Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57053/itqan.v4i1.74

Abstract

Halal tourism has increased in several countries, both Muslim and non-Muslim countries. In line with that, research on halal tourism is also growing. However, research that focuses on the RIDA Framework on the Success of Halal Tourism Entrepreneurial is still very limited because this framework is relatively new. This study aims to identify indicators in the RIDA Framework that can support the success of halal tourism entrepreneurship. Literature study research data comes from the Scopus database. Data analysis uses the selected reporting item approach for systematic reviews and meta-analyses (PRISMA). The results of the PRISMA study have identified 16 indicators of entrepreneurial success and then grouped them into four determining factors according to the RIDA framework. In the end, this study proves that the determining indicators based on the RIDA framework are able to support the success of halal tourism entrepreneurship. The results of this study can be responded to by the Association of Entrepreneurs and Community Organizations that do business in the Halal tourism industry by increasing their contribution to the available indicators.
Financial Transparency and Accountability In Nonprofit Organizations A Systematic Literature Review Nurdiani, Tina; Rahmawati, Desi; Pogo, Tajuddin; Bakar, Noor Raudhiah Binti Abu
ITQAN: Journal of Islamic Economics, Management, and Finance Vol. 4 No. 2 (2025): ITQAN: Journal of Islamic Economics, Management, and Finance
Publisher : Yayasan Mitra Peduli Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57053/itqan.v4i2.102

Abstract

Nonprofit organizations (NPOs) play a crucial role in societal development. However, achieving financial transparency and accountability remains a persistent challenge. This study systematically analyzes global research trends, emerging themes, and financial transparency and accountability gaps within NPOs from 2015 to 2024. Using a Systematic Literature Review (SLR) with the PRISMA-P approach, data were extracted from peer-reviewed articles in the Scopus database, with thematic analysis and bibliometric tools, such as VOSviewer, employed for synthesis. Findings reveal the transformative potential of digital tools, such as blockchain and social media, in enhancing real-time transparency while also highlighting structural and contextual barriers to their implementation. Key recommendations include fostering board diversity, professionalization, and cross-sector collaboration to strengthen governance frameworks. Despite advancements, regional disparities in technological adoption and underexplored cultural contexts present opportunities for future research. This study contributes to academic discourse and evidence-based practices, empowering NPOs, regulators, and donors to effectively address evolving transparency demands.
Innovative Collaboration Fintech and Islamic Financial Institutions in Optimizing Islamic Philanthropy for Economic Empowerment of the Ummah Al Kahfi; Nurfajriani, Wiyanda Vera
ITQAN: Journal of Islamic Economics, Management, and Finance Vol. 4 No. 2 (2025): ITQAN: Journal of Islamic Economics, Management, and Finance
Publisher : Yayasan Mitra Peduli Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57053/itqan.v4i2.107

Abstract

In the digital era, optimizing the utilization of Islamic philanthropy, such as Zakat, Infaq, Sadaqah, and Waqf (ZISWAF), is crucial for empowering the Muslim community economically. This study aims to analyze the collaborative model between Islamic financial technology (sharia fintech) and Islamic financial institutions (IFIs) in enhancing the effectiveness of Islamic philanthropic fund distribution. Using a descriptive qualitative approach and literature review, the findings reveal that synergy between these entities enables a more efficient, transparent, and sustainable system for collecting and distributing funds. Fintech is a digitalization accelerator and access expander, while IFIs ensure sharia compliance and professional fund management. This collaborative model can transform beneficiaries (Mustahiq) into donors (Muzakki), strengthen the Islamic microenterprise sector, and foster an inclusive and just Islamic financial ecosystem. The study recommends strengthening regulations, enhancing sharia digital literacy, and integrating systems between fintech and IFIs to support an Islamic philanthropy-based community economy.
Strengthening Islamic Finance through the Merger of Two Sharia Banking Entities Junaedi, Edy; Maulana, Irwan
ITQAN: Journal of Islamic Economics, Management, and Finance Vol. 4 No. 2 (2025): ITQAN: Journal of Islamic Economics, Management, and Finance
Publisher : Yayasan Mitra Peduli Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57053/itqan.v4i2.108

Abstract

Acquisitions are critical for banks seeking to increase their market presence in the evolving Islamic financial landscape. This study examines the strategic potential of Bank B Syariah's acquisition of Bank V Syariah. Then this study focuses on market expansion, product innovation, and operational efficiency. This study uses a mixed method. Data are derived from financial reports, industry trends, and regulations of the Financial Services Authority in Indonesia. The results show that the acquisition expanded Bank B Syariah's network by 25%, added 15 new Sharia-compliant products, and increased efficiency through economies of scale. In addition, there are significant challenges: post-merger risk management, aligning the Islamic compliance framework, and integrating different technology infrastructures. As an implication, three main strategies must be carried out: a gradual consolidation process to align organizational culture, strengthening Sharia governance through an independent supervisory board, and adopting digital technology to support integration and improve customer service. This study contributes to understanding the complexity of mergers in Islamic banking.
Impact of Third-Party Funds and Macroeconomic Variables on Micro, Small, and Medium Enterprises Financing by Islamic People's Financing Bank Lestari, Lutfi Bangun; Achmad Nugrahantoro; Ilmi Masfuha; Ahmad Azhari Pohan; Gilang Mukti Prabowo
ITQAN: Journal of Islamic Economics, Management, and Finance Vol. 4 No. 2 (2025): ITQAN: Journal of Islamic Economics, Management, and Finance
Publisher : Yayasan Mitra Peduli Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57053/itqan.v4i2.109

Abstract

This study aims to analyze the Impact of third-party funds and macroeconomic variables on MSME Financing by Islamic People's Financing Bank (BPRS) in Java: Evidence from the COVID-19 Period (2019–2023). The research method used is the GMM dynamic panel analysis approach. The object of the study is the BPRS located in Java for the period Q1 2019-Q42023. The sampling technique uses the saturated sampling technique. This study uses panel data from 98 BPRS in Java for Q12019-Q42023. This study found that DPK has a positive and significant effect, inflation has a positive but not significant effect, the benchmark interest rate has a negative but not significant effect, and COVID-19 has a significant negative impact on MSME financing. The results of this study provide empirical information that BPRS in Java has quite good resilience in dealing with economic instability due to the COVID-19 pandemic. The Islamic microfinance system has flexibility in dealing with crises. It contributes to fulfilling the objectives of Maqashid Sharia, especially in maintaining assets (high al-mal) and the sustainability of the community's economy.
The Influence of Sentiment on Social Media Mentions on National Board of Zakat (BAZNAS) Fundraising During the Palestine War Arpenta, Shady
ITQAN: Journal of Islamic Economics, Management, and Finance Vol. 4 No. 2 (2025): ITQAN: Journal of Islamic Economics, Management, and Finance
Publisher : Yayasan Mitra Peduli Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57053/itqan.v4i2.110

Abstract

This study aims to evaluate the effect of sentiment in social media mentions on the success of BAZNAS fundraising efforts related to the Palestinian issue. The sentiment analysis method was employed to measure the sentiments expressed in social media mentions related to the Palestinian issue and BAZNAS fundraising. All mentions made between October 7 and December 31, 2023, were collected to be classified based on positive and negative sentiments using the Astramaya platform. The results of this sentiment classification were then analyzed using the Pearson correlation test method. The results showed that positive sentiment on social media mentions had a significant positive influence on the success rate of BAZNAS fundraising. Conversely, negative sentiment hurts fundraising success. This review can serve as a strategic reference for non-profit organizations in managing their brand and image through social media during sensitive or controversial situations.
Indonesian Millennials' Financial Behavior in Responding to the Cost of Hajj Aulia, Sulthonul; Mubarak, Darihan
ITQAN: Journal of Islamic Economics, Management, and Finance Vol. 4 No. 2 (2025): ITQAN: Journal of Islamic Economics, Management, and Finance
Publisher : Yayasan Mitra Peduli Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57053/itqan.v4i2.113

Abstract

This research explores how Indonesian millennials are responding to the significant costs of the Hajj pilgrimage and the financial strategies they employ to save up. The average waiting period for Hajj in Indonesia stretches to a prolonged 24 years, and this is made even more challenging by the increasing age of those currently registered, which effectively lengthens the wait time for younger, prospective pilgrims. This situation, combined with anticipated increases in historical costs and financial hurdles, may make it more challenging for future pilgrims to pay the initial deposit, potentially leading to even higher Hajj expenses in the future. Using a qualitative approach with thematic analysis, the study gathered primary data through semi-structured interviews with 11 Indonesian millennials. The findings reveal that all respondents find the total Hajj costs excessive, with the initial deposit presenting an opportunity cost for those earning below the minimum wage. A common trend, especially among low- to middle-income groups, is a preference for gold as an investment. High-income respondents are more proactive, aiming to cover the initial Hajj deposit in under five years by dedicating 10-15% of their income to specific Hajj savings. However, various financial obstacles prevent most respondents from achieving their financial goals for the Hajj pilgrimage. This study contributes to the development of a more inclusive and adaptive Hajj financial policy to the financial needs and behavior of the millennial generation in Indonesia.
Challenges and Opportunities of Productive Zakat Empowerment in Indonesia: A Literature Review and Problem Tree Analysis Efendi, Gusri
ITQAN: Journal of Islamic Economics, Management, and Finance Vol. 4 No. 2 (2025): ITQAN: Journal of Islamic Economics, Management, and Finance
Publisher : Yayasan Mitra Peduli Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57053/itqan.v4i2.116

Abstract

Indonesia holds significant potential for economic empowerment through Productive Zakat as a strategic instrument for poverty alleviation. This study systematically reviews the implementation of Productive Zakat Empowerment in Indonesia, identifies key challenges, and proposes solutions using a Problem Tree Analysis. A total of 358 articles (2020–2025) were initially screened through Google Scholar using Publish or Perish 8, with the 10 most relevant and highly cited articles analyzed in-depth. A mixed-methods approach combining quantitative keyword coding and qualitative causal mapping was applied. Key challenges include ineffective distribution, limited management capacity, lack of mentoring, and uneven access. Recommended strategies include strengthening governance, enhancing transparency, digitalization, and sustained multi-stakeholder collaboration to optimize zakat’s role in socio-economic empowerment.
Digital Transformation in Micro, Small, and Medium Enterprises: Opportunities and Challenges in Cak Pendi’s Madura Satay Business, Sungelebak Village Hartini, Mawaddah Yuli; Rohman, Abdur
ITQAN: Journal of Islamic Economics, Management, and Finance Vol. 4 No. 2 (2025): ITQAN: Journal of Islamic Economics, Management, and Finance
Publisher : Yayasan Mitra Peduli Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57053/itqan.v4i2.117

Abstract

This study discusses the digitalization of Micro, Small, and Medium Enterprises (MSMEs) through a case study of Warung Sate Madura Cak Pendi in Sungelebak Village. The purpose of the study is to identify opportunities and challenges of digitalization in the context of traditional MSMEs. This study uses a qualitative approach. Data were collected through in-depth interviews with business owners and customers, as well as related literature studies. The results show that digitalization offers significant opportunities, including increased market access and operational efficiency through social media and delivery services. However, challenges arise from intense competition, the need to adapt to new technologies, and the requirement to maintain a traditional identity. Ethical digital strategies that align with Islamic values have proven to be crucial for fostering sustainable growth. The implications of this study emphasize the importance of digital training and a value-based approach in supporting the transformation of MSMEs to remain competitive in the digital economy era.
Accountability, Transparency, and Sustainability of Zakat Distribution for Palestine from Indonesia Mubarok, Khusni
ITQAN: Journal of Islamic Economics, Management, and Finance Vol. 5 No. 1 (2026): ITQAN: Journal of Islamic Economics, Management, and Finance
Publisher : Yayasan Mitra Peduli Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57053/itqan.v5i1.118

Abstract

This study aims to examine the accountability and transparency of humanitarian aid distribution from Indonesia to Palestine through the National Board for Zakat Indonesia (BAZNAS). Using bibliometric analysis and literature review, this paper explores the challenges of cross-border distribution, including geopolitical barriers, logistical constraints, and donor trust issues. Data were collected from BAZNAS annual reports (2023–2025) and Scopus-indexed publications with keywords in Indonesian, including “humanitarian aid”, “Palestine”, “international aid”, and “donor”. The findings show that although Indonesia remains active in providing critical support—from food packages to cooperation funds with UNRWA—the process still faces significant obstacles, including Israeli border restrictions, delayed access to Gaza, and an unintegrated reporting system. Interviews with key informants also confirmed the physical and administrative difficulties experienced by officers in the field. However, there are still gaps in the integrated reporting mechanism and third-party audits that need to be addressed to ensure full accountability. The implications of this study offer policy recommendations to enhance aid efficiency, strengthen digital reporting systems, and enhance diplomatic coordination, thereby facilitating faster, more targeted, and more transparent aid distribution.