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 84 Documents
Strategic Integration of MICE Tourism for Enhancing Sharia Hotel Occupancy in Medan City Fadhillah Lubis, Muhammad Arif; Albani Nasution, Muhammad Syukri; Arif Lubis, Fauzi
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.v5i1.49310

Abstract

This study investigates how Sharia hotels in Medan, Indonesia, can optimize MICE (Meetings, Incentives, Conventions, and Exhibitions) tourism to increase occupancy rates. The issue arises from overreliance on government-related events and recent budget reductions, which have weakened performance and underscored the need for alternative marketing strategies. This research contributes novelty by proposing an integrative model that blends digital marketing, collaborative partnerships, and Islamic service values, which remain underexplored in hospitality studies. Employing a qualitative approach through interviews and secondary data, the study identifies five strategic directions: market diversification, enhancement of digital and hybrid meeting technologies, development of a collaborative MICE ecosystem, inclusive marketing education, and pursuit of regulatory support. The analysis is grounded in Social Identity Theory and the Resource-Based View, demonstrating how a strong Islamic service identity and effective resource utilization can strengthen competitiveness. Findings suggest that a holistic and adaptive integration of MICE tourism not only boosts occupancy but also expands customer segments while preserving Sharia compliance. The study concludes that moving beyond a government-centric model toward a diversified, digitally driven strategy is essential for the long-term sustainability of Sharia hotels in Indonesia.
China in Global Lithium Production: A Study on Economic Viability Margarita Sergeevna, Utkina
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.v5i1.49697

Abstract

The study aims to analyze China's strategic role in global lithium production amid increasing demand for critical minerals to support the energy transition. The background of this study is based on the limitations of China's domestic lithium reserves, while the country is able to dominate the downstream sector through processing and refining. The research uses a descriptive-analytical approach with secondary data sourced from USGS, IEA, UN Comtrade, as well as academic and official policy publications for the 2019–2023 period. The analysis was conducted comparatively to compare China's production, import and investment capacity with other major producing countries. The results show that China's dominance is more determined by its mastery of downstream technology, vertical integration, and global investment strategies than by the availability of domestic reserves. Expansion into Latin America and Africa through the acquisition of lithium mines is a key instrument in securing the supply of raw materials. The contribution of this research lies in the synthesis of the literature on mineral geopolitics by highlighting the paradox between resource limitations and the dominance of downstream industries. These findings have important implications for other countries in formulating energy security strategies, supply diversification, and downstream policies in the transition era to clean energy.
Internal Control and Financial Reporting Quality: A Sharia Accountability Perspective at BAZNAS Garut Regency Ujang Burhanudin; Diana Farid; Sofyan Mei Utama
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.v5i1.49803

Abstract

This study aims to analyze the influence of internal control on the quality of financial statements at BAZNAS Garut Regency by emphasizing the perspective of sharia accountability. Zakat institutions are required to implement transparent and accountable governance, but previous research has shown mixed results regarding the relationship between internal control and the quality of financial statements. Therefore, this study provides a contextual study of zakat institutions that have special characteristics in the management of people's funds.This study uses a descriptive quantitative approach by distributing questionnaires to Amil and staff who are directly involved in financial management at BAZNAS Garut. Data were analyzed descriptively to measure respondents' perception of the implementation of the five components of internal control (control environment, risk assessment, control activities, information and communication, and monitoring) and the quality of financial statements based on the characteristics of relevance, reliability, comparability, and comprehension. The results of the study show that internal control at BAZNAS Garut has been running well, especially in the aspects of the control environment and control activities. However, there are still weaknesses in the aspects of monitoring and accounting information systems. Financial statements are considered relevant and reliable, although some respondents consider the use of sharia accounting terms still difficult for the general public to understand. This research emphasizes the importance of internal control in producing quality financial reports, in line with Sharia Enterprise Theory and stewardship theory which emphasizes vertical accountability to Allah SWT and horizontal to society.
The Appeal of Modern Retail: Evaluation of Location, Price, and Product Diversity as a Determinant of Consumer Satisfaction Fauzi, Rifky; Kurniawan, Ryan
Journal of Islamic Economics and Business Vol. 4 No. 2 (2024): 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.v4i2.50262

Abstract

This study aims to analyze the effect of location, price, and product diversity on customer satisfaction at Alfamart in Bandung Regency. The background of this research is based on the rapid development of modern retail and the importance of marketing factors in maintaining customer satisfaction. Strategic location, competitive pricing, and the provision of diverse products are believed to be important elements in attracting and retaining customers. The research method used is quantitative with a descriptive approach. Data were collected through distributing questionnaires to 210 Alfamart consumer respondents, then analyzed using the Partial Least Squares Structural Equation Modeling (PLS-SEM) Version 3.2.9 method. The results showed that partially and simultaneously, the variables of location, price, and product diversity had a significant effect on customer satisfaction. This finding indicates that the more strategic the location of the store, the more affordable the price, and the more diverse the products offered, the higher the level of customer satisfaction. The practical implication of this research is the need for a marketing strategy that focuses on improving store accessibility, adjusting prices to consumer purchasing power, and diversifying products in accordance with local market needs.
Neglected Financial Inclusion: A Study of the Financing Disparity of Ultra-Micro Enterprises in Indonesia Watty, Fatmah; Sungkawaningrum, Fatmawati
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.v5i1.49763

Abstract

The ultra-micro business sector, dominated by street vendors, daily traders, and itinerant traders, faces limited access to financing from formal financial institutions (LKF), especially for needs below IDR 3,000,000. This study aims to analyze the obstacles faced by ultra-micro business actors in accessing formal financing. Using a qualitative approach, data were collected through in-depth interviews with business actors and LKF representatives. The results of the study show that LKF has not optimally reached this segment due to regulatory and internal bureaucratic constraints. As a result, business actors turn to Informal moneylenders who offer high-interest loans, which actually increases the burden and worsens the inequality of financial access. This study emphasizes the importance of redesigning financial inclusion policies to be more adaptive, and fair in responding to the needs of ultra-micro business actors.
Building Sustainable Competitive Advantage Through Innovation in Sharia Financial Institutions: Bibliometric and Literature Review Sopian, Adi; Dirgantari, Puspo Dewi; Adi Wibowo, Lili; Budiman, Ichsan; Rohmat, Siti
Journal of Islamic Economics and Business Vol. 5 No. 2 (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.v5i2.44994

Abstract

Innovation in Islamic Financial Institutions that are experiencing developments aims to make LKS competitive, sustainable and able to meet the needs of the community. For that, it is necessary to study innovation in Islamic financial institutions, because with innovation the company can survive. The research question is who are the authors who have contributed to the research, the development of research theme trends and future research trends regarding innovation in Islamic financial institutions. The novelty in this study is a research roadmap in the field of innovation in Islamic financial institutions. The method used in this study is bibliometric analysis by selecting data from reputable international sources and using the Scopus database, RStudio and Vosviewer tools. The findings in this study indicate that Muneeza, A. and Hassan, M.K. are the most influential authors in Islamic finance research dominated by issues of Islamic finance, banking, fintech, and zakat, with promising future research trends on the topics of digitalization of Islamic finance, productive waqf, and economic sustainability. The increasing number of research in the field of Islamic Financial Institution Innovation shows that this research theme is still very relevant in future research.
Corporate Social Responsibility as a Moderating of Good Corporate Governance and Financial Performance on Islamic Social Reporting Rahmah, Nunung Aini; Zaputra, Ali Rahman Reza; Siregar, Ifan Wicaksana
Journal of Islamic Economics and Business Vol. 5 No. 2 (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.v5i2.46525

Abstract

Islamic Social Reporting (ISR) plays an important role in promoting transparency and accountability in Islamic banking in line with Islamic principles. However, variations in ISR disclosure among Islamic banks in Indonesia indicate the need to identify key factors influencing its quality. This study examines the effects of Good Corporate Governance (GCG) and financial performance on ISR disclosure, with Corporate Social Responsibility (CSR) positioned as a strategic and moderating variable. Using a quantitative approach, this study applies Partial Least Squares–Structural Equation Modeling (PLS-SEM) to panel data from 13 Islamic commercial banks in Indonesia over the period 2020–2023, resulting in 52 observations. ISR and CSR are measured using disclosure indices based on content analysis of annual and sustainability reports, while financial performance is proxied by Non Performing Financing (NPF). The results show that CSR has a strong and significant positive effect on ISR disclosure, indicating that CSR is the primary driver of sharia-based social transparency. In contrast, GCG and financial performance do not have a significant direct effect on CSR. Moreover, CSR does not moderate the relationship between GCG and ISR, suggesting that CSR functions as an independent determinant rather than a reinforcing mechanism of governance. These findings imply that ISR quality in Indonesian Islamic banks is driven more by ethical commitment and sharia obligations embedded in CSR practices than by formal governance structures or financial conditions. This study contributes to the literature by highlighting the central role of CSR in shaping ISR disclosure and provides practical implications for strengthening CSR integration in Islamic banking.
Monetary Dynamics: Comparative Analysis of the Dual Policies of Malaysia and Indonesia Rahmah, Fitria; Ariyanti, Rini; Handika, Dwi; Parlina, Tika
Journal of Islamic Economics and Business Vol. 5 No. 2 (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.v5i2.48830

Abstract

Economic stability is a key indicator of macroeconomic health, directly influenced by the effectiveness of monetary policies implemented by national authorities. This study investigates the monetary dynamics and the impact of dual monetary policies on economic stability in Malaysia and Indonesia. Dual monetary policy involves the simultaneous application of both conventional and sharia-based instruments to achieve macroeconomic objectives such as price stability, economic growth, and inflation control. The study employs Partial Least Squares Structural Equation Modeling (SEM-PLS) with Multi-Group Analysis (MGA) to compare the effectiveness of these policies between the two countries using quarterly data from 2016 to 2024. The results indicate that dual monetary policies significantly influence economic stability in both countries, albeit with different leading instruments. In Indonesia, the Minimum Reserve Requirement (GWM) is the most influential component, while in Malaysia, the Discount Rate holds the most weight. However, no statistically significant differences were found between the two contexts. These findings highlight the strategic importance of integrating conventional and sharia-based instruments to enhance economic resilience in dual financial systems.
Digital Marketing for Startup: A Systematic Literature Review Wijaya, Ni Putu Nurwita Pratami; Gaffar, Vanessa; Widjajanta, Bambang; Andriana, Denny; Martri Aji Buana, Dwinto; Yusiana, Rennyta
Journal of Islamic Economics and Business Vol. 5 No. 2 (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.v5i2.48971

Abstract

Startups encounter obstacles including constrained resources, minimal brand recognition, and fierce competition. Digital marketing provides economical solutions; nevertheless, its strategic application in startup environments is still little examined. This study intends to examine digital marketing methods appropriate for startups using a thorough literature review. This research innovatively synthesizes fragmented knowledge to determine the best efficient digital marketing strategies for early-stage enterprises. The overall population for this study comprised 1,709 articles, with a sample size of 50 articles. The study's findings indicate that start-ups face multiple challenges, one of which is securing capital. Consequently, start-ups must implement a suitable approach, wherein digital marketing is employed to address their challenges. The findings of this research indicate that digital marketing is crucial for the survival and success of startups in competitive business environments.
The Role of Islamic Banks’ Profitability on Indonesia’s Economic Growth: A CAMELS and Endogenous Growth Model Analysis Heri Nugraha; Eka Setiajatnika; Muhamad Ardi Nupi Hasyim; Franklin Kharisma Genta
Journal of Islamic Economics and Business Vol. 5 No. 2 (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.v5i2.49830

Abstract

This study examines the role of Islamic banking profitability in Indonesia’s economic growth using the CAMELS framework and an endogenous growth perspective. The analysis focuses on profitability as the main mechanism linking Islamic banking performance to real sector development during the COVID-19 pandemic and the subsequent economic recovery period. The study uses annual data from 2020 to 2023 obtained from the Financial Services Authority, Bank Indonesia, Statistics Indonesia, and the World Bank. The analytical methods include descriptive statistics, correlation and stationarity tests, and regression estimation using Ordinary Least Squares (OLS) and the System Generalized Method of Moments (GMM) to address potential endogeneity. The empirical results show that Islamic banking profitability, particularly Return on Equity (ROE), has a positive and statistically significant effect on Indonesia’s economic growth. Return on Assets (ROA) also exhibits a positive relationship with growth, although with weaker statistical significance. Other CAMELS indicators, including capital adequacy, asset quality, efficiency, and liquidity, do not have a significant direct impact on economic growth but serve as stabilizing factors for the banking system. Inflation has a negative and significant effect on economic growth, while investment shows a positive but statistically insignificant relationship. Overall, the findings confirm that profitability is the primary channel through which Islamic banking contributes to national economic growth. This study positions profitability as an explanatory variable rather than merely a performance indicator and reinforces the relevance of endogenous growth theory in the context of Islamic banking in Indonesia. Policy implications emphasize the importance of strengthening Islamic banking profitability to enhance its contribution to sustainable economic growth.