cover
Contact Name
Yuli Andriansyah
Contact Email
yuliandriansyah@uii.ac.id
Phone
+6285369607374
Journal Mail Official
jurnal.lariba@uii.ac.id
Editorial Address
Gedung K.H. A. Wahid Hasyim, Kampus Terpadu UII, Jl. Kaliurang KM 14,5, Besi, Sleman, DI Yogyakarta, 55584
Location
Kab. sleman,
Daerah istimewa yogyakarta
INDONESIA
Journal of Islamic Economics Lariba
ISSN : 24774839     EISSN : 25283758     DOI : https://doi.org/10.20885/jielariba
Journal of Islamic Economics Lariba provides a platform for academicians, researchers, lecturers, students, and others having concerns about Islamic economics, finance, and development. The journal welcomes contributions on the following topics: Islamic economics, Islamic public finance, Islamic finance, Islamic accounting, Islamic business ethics, Islamic banking, Islamic insurance, Islamic human resource management, Islamic microfinance, Islamic capital market, and other relevant Islamic economic and financial studies.
Articles 237 Documents
ZChicken as a mustahik economic empowerment program by BAZNAS: A qualitative analysis M Fatchurrohman; Silvy Meilaeni Asifa
Journal of Islamic Economics Lariba Vol. 9 No. 1 (2023)
Publisher : Department of Islamic Economics, Islamic University of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol9.iss1.art2

Abstract

IntroductionBAZNAS has launched numerous economic empowerment programs for mustahik. One of the programs that has been introduced is ZChicken, which focuses on the sale of crispy fried chicken. However, there is still a limited amount of research available on ZChicken.ObjectivesThis study aims to analyze ZChicken as an economic empowerment program for mustahik from various perspectives, including its development, the need for halal certification, and the achievements obtained.MethodThis study employed a qualitative approach to analyze the ZChicken program as an economic empowerment initiative for the mustahik by BAZNAS. The research methodology employed in this study involved conducting a content analysis of ZChicken-related materials on the BAZNAS website as well as other news websites.ResultsThe result shows that BAZNAS introduced the ZChicken as an empowerment program in the culinary sector that revolves around a fried chicken franchise concept. ZChicken has been received well in the society, has been certified halal, and has its own brand.ImplicationsBAZNAS needs to maintain quality program in ZChicken to ensure trust among muzakki and the society. ZChicken should maintain its halal and brand certification by monitoring and supervision from BAZNAS.Originality/NoveltyThis study provides insights on how ZChicken as an economic empowerment program from BAZNAS has grown to be a successful force for empowering mustahik in many locations.
Do financing models in Islamic bank affect profitability? Evidence from Indonesia and Malaysia Multazam Mansyur Addury
Journal of Islamic Economics Lariba Vol. 9 No. 1 (2023)
Publisher : Department of Islamic Economics, Islamic University of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol9.iss1.art5

Abstract

IntroductionPrevious literature discussed financing's impact on performance without separating the financing model. Additionally, previous research has used financing in the form of Loans to Total Assets (LTA); a proxy used to assess bank liquidity.ObjectivesThis study aims to analyze the influence of financing models on Islamic Banks’ performance in Indonesia and Malaysia. MethodThe study used Indonesia and Malaysia banks for its pioneering efforts in establishing Islamic banking in Southeast Asia. The study collects data from five Indonesian and four Malaysian Islamic banks, with an observation period of 2011–2020. The data analysis used in this study was the Generalized Method of Moment (GMM).ResultsIn Indonesia, debt financing has a positive and significant impact on Return on Assets (ROA), while equity financing has a negative and significant impact on ROA; debt financing significantly affects Return on Equity (ROE), while equity financing does not have a significant impact on ROE. In Malaysia, equity financing has a positive and significant impact on ROA, while debt financing does not significantly affect ROA; debt financing has a positive and significant impact on ROE, while equity financing has a negative and significant influence on ROE. ImplicationsThe results highlight the importance of considering the specific characteristics of each country's Islamic banking industry when formulating financing strategies.Originality/NoveltyThis study highlights unique aspect of financing that contribute to Islamic banks profitability in Indonesia and Malaysia.
Javanese local wisdom values for development from an Islamic perspective Soya Sobaya; Martini Dwi Pusparini; Siti Achiria
Journal of Islamic Economics Lariba Vol. 9 No. 1 (2023)
Publisher : Department of Islamic Economics, Islamic University of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol9.iss1.art4

Abstract

IntroductionJavanese culture was considered rich of values that are in line with Islamic teachings. However, studies on how this culture can contribute to development in Islamic perspective are still limited.ObjectivesThis study analyzes the local wisdom values in Javanses culture that support economic development from an Islamic perspective. The studied values are contained in the traditions of merti dusun, nyadran, and wiwitan. MethodThis study using an ethnographic approach with focus is on three villages in Bantul, Yogyakarta. Interviews, observation, field notes were used to gather data. Three phases were used to complete the analysis: data reduction, reporting, and conclusion-making. ResultsThe findings demonstrate that each ritual in this tradition is infused with religious and social ideals, as well as cooperation, environmental stewardship, responsibility, patience, harmony, and deliberation. It also demonstrates wisdom and social control. ImplicationsThree traditions' emphasis on tolerance should be promoted to help people in their particular communities develop a greater sense of empathy for one another, fostering harmony and peace.Originality/NoveltyThis study highlights unique aspect of development that encompass Javanese culture and Islamic teachings.
Relationship between Islamic bank consumptive financing and gross regional domestic product in Indonesia, 2016-2020 Cinantya Sriyono Putri; Sri Herianingrum; Rifka Putri Ramadhanty; Nanda Lismatiara Zubaid; Yan Putra Timur
Journal of Islamic Economics Lariba Vol. 9 No. 1 (2023)
Publisher : Department of Islamic Economics, Islamic University of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol9.iss1.art6

Abstract

IntroductionPrevious literature discussed financing's impact on performance without separating the financing model.ObjectivesThis study uses the consumptive financing data of Islamic commercial banks, inflation rate, and population as independent variables, and the GRDP of 33 provinces in Indonesia as the dependent variable. MethodThe study used Indonesia and Malaysia banks for its pioneering efforts in establishing Islamic banking in Southeast Asia. The study collects data from five Indonesian and four Malaysian Islamic banks, with an observation period of 2011–2020. The data analysis used in this study was the Generalized Method of Moment (GMM).ResultsThe results of this study explain that the consumptive financing of Islamic commercial banks has a negative insignificant effect on GRDP in Indonesia, the inflation rate has a negative insignificant effect on GRDP in Indonesia, and the population has a positive and significant impact on GRDP in Indonesia. Consumptive credit in conventional banks and consumptive financing in Islamic banks account for more than 45% of total financing. ImplicationsThe Indonesian Financial Services Authority should adopt policies to maintain the growth of Islamic Bank productive financing, that is, working capital and investment financing, because Islamic bank consumptive financing has a negative effect on GRDP in IndonesiaOriginality/NoveltyThis study has a unique feature compared with previous studies that use consumptive financing at Islamic banks with inflation and population variables to analyze the contribution of the local economy to gross regional domestic product.
Purchase decision patterns of non-bank sharia housing in Bandar Lampung City during Covid-19: Price exploration and digital marketing Khavid Normasyhuri; Siti Nurohmah
Journal of Islamic Economics Lariba Vol. 9 No. 1 (2023)
Publisher : Department of Islamic Economics, Islamic University of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol9.iss1.art3

Abstract

IntroductionThe housing sector, including sharia housing, has been affected by Covid-19. Many studies have analyzed the impact of Covid-19 on the sharia housing industry, but research focusing on non-bank financing is still limited. ObjectivesThis study aims to analyze how consumer purchasing decisions for housing during Covid-19 are influenced by price and digital marketing. MethodThis study can be categorized as quantitative study by collecting data from 500 consumers selected through purposive sampling in the Bandar Lampung City. The obtained data was then analyzed using SmartPLS software. ResultsThe result shows that price and digital marketing have significant impact on consumers’ purchase decision of non-bank Sharia housing during Covid-19. ImplicationsSharia housing developers should effectively utilize digital marketing content and pricing strategy to attract potential consumers in Bandar Lampung City.Originality/NoveltyThis study highlights unique pricing and digital marketing strategies by Sharia housing developers during Covid-19. This study is also unique for its approach to non-bank Sharia housing as mode of financing.
Analysis of the literacy level of health workers regarding Islamic life insurance at the Ofa Padang Mahondang Community Health Center Cahya Purwati Sinulingga; Andri Soemitra; Nuri Aslami
Journal of Islamic Economics Lariba Vol. 9 No. 1 (2023)
Publisher : Department of Islamic Economics, Islamic University of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol9.iss1.art7

Abstract

IntroductionFinancial literacy on Islamic life insurance is considered low. Various things can be the causes of this low literacy including the lack of socialization, education, and professional collaboration programs.ObjectivesThis study aims to analyze the literacy level of health workers regarding Islamic life insurance considering the phenomenon of still very low penetration and density of such product. MethodThis research uses descriptive quantitative methods. Primary data was obtained through a questionnaire. The population of this study was 38 health workers who worked at the Ofa Padang Mahondang Village Health Center, Pulau Rakyat District, Asahan Regency, North Sumatra Province.Results57.9% of respondents had a high level of financial literacy, being able to answer correctly above 80%. 34.2% of respondents were in the middle category, being able to answer correctly between 60%-80%. Only 7.9% respondents were in low category, being able to answer correctly below 60%. ImplicationsThe study highlights the importance of continuous education and awareness campaigns about Islamic insurance among healthcare professionals and the broader population.Originality/NoveltyThis study contributes to efforts to increase knowledge about Islamic life insurance for health workers as the spearhead of health services in Indonesia.
Strategy for settling claims for insurance company customers experiencing liquidity at AJB Bumiputera 1912 Medan Branch: Some notes from Islamic perspectives Siti Saleha; Reni Ria Armayani Hasibuan; Laylan Syafina
Journal of Islamic Economics Lariba Vol. 9 No. 1 (2023)
Publisher : Department of Islamic Economics, Islamic University of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol9.iss1.art8

Abstract

IntroductionLiquidity is one of the problems faced by insurance companies, including AJB Bumiputera Medan Branch. This liquidity problem has an impact on many aspects of the insurance business so an appropriate strategy is needed to overcome it.ObjectivesThis research is intended to analyze the strategies used by AJB Bumiputera 1912 Medan Branch to complete claim payments to its customers. MethodThis research is field research with data collection techniques including interviews and data collection from the internet.ResultsThe step taken by AJB Bumiputera 1912 was to form a task force team for payment of delayed claims. AJB Bumiputera 1912 also implemented a benefit reduction program and a premium recovery process and sale of company assets. ImplicationsThe study highlights the importance of regulatory oversight in safeguarding policyholders rights and ensuring stability in the insurance sector.Originality/NoveltyThis research contributes to efforts to handle liquidity problems in insurance companies. Apart from that, this research also provides an Islamic perspective in handling liquidity problems in insurance companies.
Factors influencing customer satisfaction and loyalty in Sharia-compliant hotels in Yogyakarta, Indonesia Suhud, Diar Melati; Andriansyah, Yuli; Putra, Bintang Paula
Journal of Islamic Economics Lariba Vol. 9 No. 2 (2023)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol9.iss2.art12

Abstract

IntroductionSharia-compliant hospitality is gaining prominence globally, particularly in Indonesia, where Islamic values increasingly influence consumer preferences. Despite the growing demand for Sharia-compliant hotels, research on the factors driving customer satisfaction and loyalty in this niche remains limited.ObjectivesThis study investigates the relationships between key factors—self-satisfaction, aesthetics, price, prestige, transactional value, hedonic value, and quality—and customer satisfaction and loyalty in Sharia-compliant hotels in Yogyakarta. It aims to identify which factors most significantly impact these constructs and how satisfaction translates into loyalty.MethodThe study employed a quantitative approach, collecting data from 113 customers of three Sharia-compliant hotels in Yogyakarta using a structured questionnaire. Structural Equation Modeling (SEM) was used to analyze the relationships among variables and test hypotheses.ResultsThe findings revealed that self-satisfaction, price, transactional value, hedonic value, and quality significantly enhance customer satisfaction, while satisfaction strongly predicts loyalty. Aesthetics and prestige, however, did not exhibit significant effects. These results suggest that customers prioritize adherence to Islamic principles, fair pricing, and service quality over visual appeal or social status.ImplicationsThe study underscores the importance of integrating Sharia principles with high-quality services and transparent transactions to meet customer expectations and foster loyalty. It provides actionable insights for practitioners seeking to differentiate their offerings in the competitive Islamic hospitality sector.Originality/NoveltyThis study contributes to the body of knowledge on Islamic hospitality by integrating service quality frameworks with Sharia principles, offering a nuanced understanding of customer satisfaction and loyalty in this context.
Application of Islamic business ethics in online marketplace: A study among Bukalapak users in Yogyakarta, Indonesia Ilham S., Walhaarik; Andriansyah, Yuli; Sobirov, Bobur
Journal of Islamic Economics Lariba Vol. 10 No. 1 (2024)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol10.iss1.art30

Abstract

Introduction The rapid growth of e-commerce has revolutionized trade and consumer behavior. Bukalapak, as one of Indonesia’s leading platforms, plays a crucial role in supporting digital transformation for micro, small, and medium enterprises (MSMEs). However, the implementation of Islamic business ethics in e-commerce remains underexplored. This study investigates how Bukalapak applies Islamic business ethics principles and the relationship between security, privacy, non-deception, and reliability. Objectives The research aims to evaluate Bukalapak’s adherence to Islamic business ethics and analyze the influence of ethical dimensions (security, privacy, and non-deception) on user-perceived reliability. Method This quantitative study employed a descriptive research design using Structural Equation Modeling (SEM). Data were collected through online questionnaires distributed to 665 Bukalapak users in Yogyakarta, with variables assessed against the principles of fairness, free will, responsibility, and truth. Results The findings reveal that Bukalapak incorporates Islamic business ethics in its operations. The principles of truth and responsibility are reflected in security, privacy, and non-deception, while free will is evident in non-deceptive practices. However, security, privacy, and non-deception were not significantly correlated with reliability. Implications The study emphasizes the importance of reinforcing ethical practices to enhance user trust in e-commerce platforms. It provides actionable insights for Bukalapak and similar platforms to strengthen the alignment between ethical principles and operational reliability. Originality/Novelty This research offers a pioneering framework for assessing the application of Islamic business ethics in digital commerce. It bridges the gap between theoretical principles and practical implementation, contributing to the discourse on ethical e-commerce practices in Muslim-majority contexts.
Islamic business ethics in Muslim fashion store: A study at 3 Nur Shop, Pattani, Thailand U-Mar, Nurainee; Andriansyah, Yuli; Hattabou, Anas
Journal of Islamic Economics Lariba Vol. 10 No. 1 (2024)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol10.iss1.art29

Abstract

Introduction The integration of Islamic business ethics into entrepreneurship is critical in predominantly Muslim societies. This study examines the implementation of these ethics at the 3 Nur Shop, a Muslim-owned convection business in Pattani, Thailand. The study highlights how adherence to ethical principles can influence business performance and community perceptions.Objectives This research aims to analyze the application of Islamic business ethics—based on the principles of Shiddiq (honesty), Amanah (trustworthiness), Fathanah (wisdom), and Tabligh (communication)—in the operations of 3 Nur Shop and to evaluate its social and economic contributions to the local community.Method The study employs a mixed-methods approach. Quantitative data were gathered from the shop’s employees to assess ethical adherence in daily operations, while qualitative data were collected from customers to understand their perceptions and experiences with the shop.Results Findings indicate that 3 Nur Shop practices Islamic business ethics comprehensively. Honesty is reflected in clear product information, trustworthiness in fulfilling customer expectations, wisdom in business innovation, and effective communication in maintaining customer relationships. These practices foster trust, enhance customer loyalty, and contribute to sustainable business growth.Implications The study emphasizes the importance of incorporating ethical practices in Muslim-owned businesses as a strategy for achieving commercial success while adhering to religious values. It provides a framework for entrepreneurs to integrate moral principles into their operations, fostering both ethical compliance and customer satisfaction.Originality/Novelty This research contributes to the literature by presenting a practical case study of Islamic business ethics implementation. It demonstrates how these principles can create a competitive advantage and build community trust, offering valuable insights for businesses in predominantly Muslim regions.

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