cover
Contact Name
Vemy Suci Asih
Contact Email
just.vemy@uinsgd.ac.id
Phone
+6285798510035
Journal Mail Official
JIEB@uinsgd.ac.id
Editorial Address
A.H Nasution Street No.104
Location
Kota bandung,
Jawa barat
INDONESIA
Journal of Islamic Economics and Business
ISSN : 27988562     EISSN : 27984834     DOI : https://doi.org/10.15575/jieb
The Journal of Islamic Economics and Business (JIEB) is open access, peer-reviewed journal dedicated to publishing original research papers on Islamic economic and business issues. This journal is likewise committed to making the articles it publishes available to international academicians, researchers, practitioners, regulators, and public societies for free. The journal accepts rigorous empirical or theoretical research papers using any methodologies or approaches relevant to the Indonesian economy and business topics, as long as the research falls into one of three primary disciplines: economics, business, accounting, management and finance.
Articles 55 Documents
Behavioral Finance in Sharia Investment: An Empirical Study on Indonesian Millennials Rozak, Abdul; Nugraha; Sari, Maya; Purnamasari, Imas; Zainol, Fakhrul Anwar
Journal of Islamic Economics and Business Vol. 4 No. 2 (2024): Journal of Islamic Economics and Business
Publisher : Fakultas Ekonomi dan Bisnis Islam

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Abstract

The increasing participation of millennials in Indonesia’s Islamic financial markets underscores the importance of understanding the behavioral factors that influence their investment decisions. This study aims to analyze the impact of behavioral biases specifically representativeness, overconfidence, and herding on Sharia-compliant investment behavior among millennial investors. Despite the growing relevance of behavioral finance, empirical research on cognitive biases in Islamic investments remains limited, particularly in emerging economies. This study fills that gap by employing Structural Equation Modeling–Partial Least Squares (SEM-PLS) to examine data collected from 300 millennial users of the Bibit Sharia investment platform in West Java. The findings reveal that overconfidence (β = 0.235, p < 0.05) and herding (β = 0.198, p < 0.05) significantly influence investment decisions, whereas representativeness bias has no significant effect (p > 0.05). These results highlight the critical role of self-confidence and social influence in shaping millennial Sharia investment behavior. The study recommends enhancing targeted financial literacy programs that address behavioral biases and promote ethical, independent decision-making among young Muslim investors. Future research is encouraged to include broader regional samples and explore additional behavioral factors within Islamic financial contexts.
Capital Structure and Speed of Adjustment in Indonesian Listed Firms: Does Sharia Compliance Affect the Adjustment Speed? Bandawaty, Euis; Anglia Banda Sutomo, Woro; Herawati, Heny; Lestari, Sri; Juliana; Halim, Mohd; Hendayana, Yayan
Journal of Islamic Economics and Business Vol. 4 No. 2 (2024): Journal of Islamic Economics and Business
Publisher : Fakultas Ekonomi dan Bisnis Islam

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Abstract

This study investigates how Sharia compliance and Islamic debt constraints influence capital structure and its adjustment speed among non-financial firms listed on the Indonesia Stock Exchange (2013–2023). Challenging the assumption that Sharia-compliant firms are always more conservative in debt usage, this research integrates Sharia-based variables into a dynamic Partial Adjustment Model (PAM) using the Generalized Method of Moments (GMM). The model incorporates target leverage, adjustment speed, and Sharia principles through compliance status and debt-to-equity ratio (DER) thresholds. Empirical results reveal that Sharia-compliant firms, while maintaining DER within the 45% limit, tend to use more debt and adjust faster toward target leverage. These findings suggest that Sharia norms enhance rather than constrain financial efficiency. The study underscores the strategic role of sukuk and values-based financing in promoting disciplined and adaptive capital structures, with key implications for regulators, firms, and investors.
Strategic Development of Campus-Based Social Entrepreneurship and Islamic Philanthropy: A Business Model Canvas (BMC) Perspective Chandra, Dicky; Nuryadi Wijiharjono; Puspo Dewi Dirgantari; Rahayu, Agus; Adi Wibowo, Lili; Hadiyazid Rachman, Nur
Journal of Islamic Economics and Business Vol. 5 No. 1 (2025): Journal of Islamic Economics and Business
Publisher : Fakultas Ekonomi dan Bisnis Islam

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/jieb.v5i1.45276

Abstract

Universities remain underutilized in addressing pressing issues of poverty, unemployment, and inequality. This study aims to develop a structured framework that integrates social entrepreneurship and Islamic philanthropy into academic moral responsibility. Using a qualitative method, the research combines Critical Literature Review (CLR) and Soft Systems Methodology (SSM) through a case study of the Islamic Philanthropreneurship Lab (LKSFI). Findings reveal two key outcomes: (1) a theoretical-philosophical foundation for embedding social entrepreneurship and philanthropy in higher education, and (2) a redesigned Business Model Canvas adapted for university-based philanthropic ventures. This framework offers a strategic tool to enhance universities' social missions and institutional alignment.
Examining The Mediation Of Trust and Reputation In the Relationship Between Transaction Security And Purchase Intention Wulandari, Anna; Mulyanto, Heru
Journal of Islamic Economics and Business Vol. 5 No. 1 (2025): Journal of Islamic Economics and Business
Publisher : Fakultas Ekonomi dan Bisnis Islam

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Abstract

This study explores the mediating roles of trust and reputation in the relationship between transaction security and purchase intention on Shopee. As online shopping becomes increasingly common, understanding how security influences consumer behavior is essential for e-commerce growth. The research investigates how transaction security affects purchase intention through trust and reputation, addressing the question: How does transaction security influence purchase intention via trust and reputation on Shopee?. This study offers novelty by analyzing trust and reputation simultaneously as mediators an approach rarely explored together in existing research. Using a quantitative method and structural equation modeling (SEM), data were collected from 161 Shopee users. The results show that transaction security significantly increases both trust and reputation. However, while reputation positively affects purchase intention, trust alone does not show a significant direct influence. The findings imply that improving transaction security must be accompanied by strong reputation management to effectively drive consumer purchasing decisions. For platforms like Shopee, integrating security measures with visible, trustworthy reputation systems is key to enhancing user confidence and boosting engagement. The study concludes that robust transaction security must be complemented by effective reputation management to increase purchase intention. E-commerce platforms like Shopee should prioritize both security protocols and user reputation systems to foster consumer confidence and drive engagement.
Strategic Approaches of Islamic Banks in Developing Digital Murabahah: Evidence from Mandailing Natal Kholijah, Siti
Journal of Islamic Economics and Business Vol. 5 No. 1 (2025): Journal of Islamic Economics and Business
Publisher : Fakultas Ekonomi dan Bisnis Islam

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Abstract

This paper examines the adoption of Digital Murabahah in Mandailing Natal within the broader context of digital transformation in Islamic banking, emphasizing its potential to enhance financial accessibility while maintaining Sharia compliance. Although digital initiatives have rapidly advanced in major Islamic financial institutions, limited attention has been given to their development in regional and rural contexts, creating a significant research gap in understanding localized implementation challenges. Addressing this gap, the study investigates the key barriers and strategic solutions for developing Sharia-compliant digital financing at the regional level. This study contributes novelty by focusing on regional Islamic banking dynamics, an area often overlooked in existing research dominated by large-scale banking contexts. Using a qualitative approach, this research draws on secondary data from Islamic banking reports, regulatory documents, and recent academic studies, supported by comparative case analyses of Islamic banks implementing Digital Murabahah. The findings reveal that limited digital infrastructure, low customer literacy, and complex regulatory frameworks impede adoption, with larger Islamic banks advancing faster than regional ones. The study contributes to existing literature by providing a region-specific analysis of digital Islamic finance transformation and proposing a strategic framework that integrates fintech collaboration, customer education, and adaptive regulatory support. It concludes that a gradual transition through hybrid banking models—aligned with technological readiness and regulatory reform—is crucial for strengthening financial inclusion and ensuring the sustainable growth of Islamic banking in regional economies.