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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
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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
Influencer marketing on social media in Palopo City: How sponsorship disclosure, influencer credibility, and MSME reputation influence promotional effectiveness‎ Hayani, Nur; Iskandar, Ahmad Syarief; Ishak, Ishak
Journal of Islamic Economics Lariba Vol. 11 No. 1 (2025)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol11.iss1.art3

Abstract

IntroductionInfluencer marketing on social media has gained widespread attention for its ability to enhance promotional effectiveness by leveraging the authenticity and credibility of influencers. However, concerns about transparency, especially related to sponsorship disclosures, along with the credibility of influencers and businesses—particularly micro, small, and medium enterprises (MSMEs)—require deeper investigation, especially in emerging local markets.ObjectivesThis study investigates how sponsorship disclosure (explicit, implicit, or none), influencer credibility, and MSME credibility affect consumer perceptions and promotional effectiveness on social media. Additionally, the study examines the mediating role of consumer trust in these relationships within the context of MSMEs in Palopo City.MethodA quantitative approach utilizing a structured survey was employed. Data were collected from 133 active social media users in Palopo City who had experience interacting with influencer promotional content. Structural Equation Modeling (SEM) through SmartPLS software was used to analyze both direct and indirect effects among the study variables.ResultsFindings revealed that influencer credibility exhibited the strongest positive influence on promotional effectiveness, followed by MSME credibility and explicit sponsorship disclosure. Consumer trust significantly mediated these relationships, enhancing the overall impact of sponsorship disclosure, influencer credibility, and MSME credibility on promotional effectiveness.ImplicationsThe results underscore the importance for MSMEs to collaborate strategically with credible influencers and maintain transparency in sponsorship disclosures. Such practices can substantially increase consumer trust and, consequently, the effectiveness of promotional campaigns. Additionally, these findings highlight the necessity of regulatory support for transparent advertising practices.Originality/NoveltyThis research extends existing literature by exploring influencer marketing dynamics within a local MSME context, specifically examining how transparency in sponsorship disclosure, coupled with influencer and MSME credibility, influence promotional outcomes through consumer trust.
Green cosmetics and Gen Z in Kudus, Indonesia: What drives eco-friendly purchases in a small city?‎ Noor, Sufiana; Marka, Mira Meilia; Bintang, Yasmin Mutiara
Journal of Islamic Economics Lariba Vol. 11 No. 1 (2025)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol11.iss1.art7

Abstract

IntroductionThe Indonesian cosmetics industry is rapidly expanding, yet it raises environmental concerns, particularly from packaging waste. Generation Z, known for its environmental consciousness, emerges as a critical market segment for eco-friendly cosmetics. However, consumer purchase intentions toward these products remain inconsistent across studies, especially in smaller, culturally distinct regions such as Kudus.ObjectivesThis study aims to investigate the influence of green marketing, green brand image, and green perceived quality on purchase intention of eco-friendly cosmetics among Generation Z in Kudus. It also examines the mediating role of green trust in strengthening these relationships.MethodA quantitative research approach was used with an associative causal design. Data were collected via an online questionnaire from 105 respondents aged 13–28 years in Kudus who had experience using eco-friendly cosmetics. The data were analyzed using Partial Least Squares-Structural Equation Modeling (PLS-SEM) with SmartPLS 4.0 software.ResultsThe results reveal that green brand image, green perceived quality, and green trust significantly influence purchase intention. Green marketing showed no direct effect but had an indirect influence through green trust. The adjusted R² value for purchase intention was 0.465, indicating that the model explains 46.5% of the variance. Generation Z in Kudus values product authenticity, ethical branding, and halal-certification as critical to building trust and influencing behavior.ImplicationsThe findings highlight that marketers must focus on building green trust by ensuring product transparency, environmental commitment, and culturally relevant messaging. Green brand image and product quality are key drivers in developing consumer trust and encouraging sustainable buying behavior among Gen Z.Originality/NoveltyThis research enriches the Theory of Planned Behavior by incorporating green trust as a mediating factor and applying it within a unique socio-religious Gen Z demographic in a small Indonesian city. It provides novel insights into how eco-conscious values interact with trust and marketing in shaping local green consumption patterns.
The role of zakat in Islamic macroeconomics: A fiscal instrument for stability during global economic crises‎ Mustamin, Siti Walida; Abdillah S., Abdillah S.; Mansyur, Fakhruddin; Ridwan, Muhammad; Amri, Ulil; Fitrayani, Fitrayani
Journal of Islamic Economics Lariba Vol. 11 No. 1 (2025)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol11.iss1.art10

Abstract

IntroductionThe global economic crisis continues to expose weaknesses in conventional fiscal systems, prompting the search for alternative macroeconomic instruments. Within Islamic economic thought, zakat—traditionally viewed as a religious obligation—emerges as a redistributive tool capable of addressing structural inequality, stabilizing consumption, and supporting vulnerable populations during periods of financial instability.ObjectivesThis study explores the macroeconomic contribution of zakat in times of global economic crisis. It specifically investigates zakat’s potential as a countercyclical fiscal instrument that enhances aggregate demand, reduces poverty, and alleviates fiscal pressure on national governments.MethodUsing a qualitative literature review methodology, this research synthesizes scholarly articles, institutional reports, and classical Islamic economic texts published between 2000 and 2024. The analysis follows a thematic approach, focusing on zakat’s functions in promoting wealth redistribution, economic resilience, and long-term fiscal sustainability.ResultsFindings reveal that zakat plays a critical role in mitigating economic shocks. It stimulates liquidity by enhancing consumption among low-income groups, supports grassroots economic development through community-based aid, and reduces government spending by acting as a complementary social safety net. Empirical evidence from Muslim-majority countries indicates that institutionalized zakat systems are effective in reducing poverty and inequality, particularly during economic downturns.ImplicationsIntegrating zakat into national fiscal policy frameworks could provide a sustainable, ethical, and community-driven response to financial crises. Effective governance, transparency, and technological innovation in zakat administration are essential to maximize its economic impact and maintain public trust.Originality/NoveltyThis study repositions zakat from a purely religious practice to a strategic economic instrument within Islamic macroeconomics. It offers a normative and conceptual foundation for embedding zakat in contemporary fiscal systems as a means of achieving economic stability, social equity, and inclusive recovery in times of crisis.
Applying the principle of 'la tazlimuna wa la tuzlamun' to al-qardh loan repayment after currency inflation‎ Baihaqi , Muhammad; Bonang, Dahlia
Journal of Islamic Economics Lariba Vol. 11 No. 1 (2025)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol11.iss1.art11

Abstract

IntroductionIn the current fiat monetary system, inflation can severely diminish the value of money, causing injustice in long-term loan repayments. Within the Islamic economic framework, this raises significant concerns for al-qardh contracts—benevolent, interest-free loans—where delayed repayment may lead to harm for either the lender or borrower. The concept of la tazlimuna wa la tuzlamun (do not wrong others, nor be wronged) offers a moral foundation to seek fair and balanced repayment solutions in such contexts.ObjectivesThis study investigates how Islamic principles, particularly the notion of la tazlimuna wa la tuzlamun, can be applied to ensure justice in repaying al-qardh loans after currency inflation. The research aims to identify repayment models that uphold the lender’s rights without imposing undue burden on the borrower.MethodEmploying a normative and descriptive library research method, this study examines primary sources such as the Qur’an, Hadith, and classical Islamic jurisprudence, alongside contemporary scholarly works on Islamic economics and monetary systems. A thematic analysis was used to identify fair repayment mechanisms rooted in Islamic legal reasoning and public interest principles.ResultsThe study proposes several alternatives to address the injustice caused by currency devaluation, including adjusting loan values to the price of gold and silver, pegging debts to stable foreign currencies, applying inflation-based indexation, and discouraging hoarding behavior that exacerbates price instability. While the use of interest rates was explored, it was ultimately rejected by most Islamic scholars. The return to a gold-silver standard is presented as a long-term ideal to restore monetary fairness.ImplicationsThe findings offer practical guidance for Islamic financial ethics, suggesting the need for a formal fatwa to regulate fair debt repayment post-inflation. This guidance could extend beyond financial institutions to protect individuals and communities in inflationary environments, reinforcing justice and stability in Islamic economic transactions.Originality/NoveltyThis study provides a fresh perspective by integrating Islamic legal, economic, and ethical principles to address inflation-induced injustices in al-qardh repayment. It presents a balanced framework that respects the spirit of Islamic contracts while adapting to modern financial realities.
The transformation of Sjafruddin Prawiranegara’s ideas on the people’s economy towards national economic independence‎ Affandi, Faisal; Yafiz, Muhammad
Journal of Islamic Economics Lariba Vol. 11 No. 1 (2025)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol11.iss1.art8

Abstract

IntroductionIndonesia continues to face economic challenges such as income inequality, dependence on foreign capital, and marginalization of micro, small, and medium enterprises. These issues have reignited scholarly interest in economic models rooted in justice, ethics, and local empowerment. Sjafruddin Prawiranegara’s economic thought, centered on Islamic moral principles and people’s economy, offers a relevant framework for achieving national economic independence in today’s globalized context.ObjectivesThis study aims to explore the transformation and relevance of Sjafruddin Prawiranegara’s ideas on people’s economy as a foundation for developing a national economic model that prioritizes equity, inclusiveness, and independence from exploitative global capitalism.MethodA qualitative content analysis was conducted using 20 academic sources published between 2020 and 2024. Data were obtained through systematic searches using the Publish or Perish software and analyzed using thematic coding and triangulation. The analysis focused on identifying key themes related to people’s economy, Islamic ethical values, and economic independence.ResultsThe study finds that Sjafruddin emphasized an economy based on trust, moral responsibility, and equitable wealth distribution. His thought supports the development of MSMEs, cooperatives, and community-based institutions as pillars of a just economy. He also promoted Islamic principles such as the prohibition of usury and the use of zakat as tools for reducing inequality. His ideas remain relevant in addressing modern challenges such as digital transformation, green economy, and sustainable financial inclusion, especially through the empowerment of pesantren and grassroots movements.ImplicationsThis research illustrates that integrating Islamic moral economy into national development strategies can strengthen economic sovereignty and resilience. Policymakers and educators are encouraged to revisit Sjafruddin’s philosophy to inspire frameworks that center ethical values, justice, and local empowerment in economic governance.Originality/NoveltyThe study offers a novel reinterpretation of Sjafruddin Prawiranegara’s economic philosophy by connecting it to current socio-economic realities and development goals. It contributes to the intellectual revival of Islamic economic thought as a strategic alternative to mainstream capitalist and socialist models, positioning it as a path toward ethical and inclusive national economic independence.
Strengthening whistleblower protection through legal reform and Islamic ethics in combating corruption in public institutions Ansori, Ansori
Journal of Islamic Economics Lariba Vol. 11 No. 1 (2025)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol11.iss1.art16

Abstract

IntroductionWhistleblowers serve as pivotal actors in exposing corruption within governmental and institutional systems. While Indonesia has formal legal instruments aimed at protecting whistleblowers, practical challenges persist, and public perception continues to discourage reporting. Despite Islamic ethical teachings that support moral intervention, cultural and institutional obstacles remain unaddressed. This study investigates whistleblower protection in Indonesia from both legal and Islamic economic perspectives.ObjectivesThe study aims to evaluate the effectiveness of whistleblower protection regulations in Indonesia, identify legal and institutional gaps, and explore how Islamic ethical principles can support and enhance existing mechanisms to promote ethical reporting and institutional accountability.MethodUsing a qualitative research approach, this study applies a structured literature review of statutory laws, academic publications, institutional documents, and comparative international frameworks. It integrates positive legal analysis with normative Islamic economic thought to assess the institutional and cultural readiness of Indonesia to protect and empower whistleblowers in corruption-related cases.ResultsThe study reveals that while legal frameworks such as Law No. 31 of 2014 offer formal protection, enforcement is weak, jurisdictional overlaps exist, and regional implementation is inconsistent. Institutions like the LPSK and KPK lack adequate coordination and resources, particularly outside Jakarta. Public stigma against whistleblowers remains high. Comparative analysis shows that countries with clear reporting procedures and strong enforcement offer better protection. Islamic ethical principles such as justice (adl), accountability (mas’uliyyah), and public welfare (maslahah) can serve as normative frameworks to strengthen public trust and ethical motivation for whistleblowing.ImplicationsThe findings suggest that whistleblower protection in Indonesia requires a multidimensional reform strategy involving legal precision, institutional capacity building, and cultural transformation. Incorporating Islamic values into education, legal discourse, and institutional governance may promote greater societal acceptance and operational effectiveness of whistleblower mechanisms.Originality/NoveltyThis study offers a unique contribution by synthesizing legal analysis with Islamic ethical principles to propose a hybrid framework for whistleblower protection. It highlights the necessity of culturally grounded legal reform in Muslim-majority contexts and provides actionable recommendations for legal, institutional, and educational policy development.
A qualitative case study on productive zakat and pentahelix-based empowerment: Insights from BAZNAS Malang Regency Minarni, Minarni; Slamet, Slamet; Munir, Misbahul
Journal of Islamic Economics Lariba Vol. 11 No. 1 (2025)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol11.iss1.art17

Abstract

IntroductionIn Indonesia, zakat is a critical Islamic social finance instrument aimed at poverty alleviation and community empowerment. While most zakat programs remain consumptive, the shift toward productive zakat offers a sustainable approach to improving economic welfare. However, empirical studies that examine its actual implementation and governance models are still scarce, particularly within the context of local zakat institutions in Indonesia.ObjectivesThis study investigates the implementation of productive zakat empowerment in Malang Regency by analyzing the role of the Pentahelix collaboration model—integrating government, academia, private sector, media, and community—in supporting the distribution and impact of zakat-based economic empowerment programs.MethodThis research adopts a qualitative case study design, focusing on BAZNAS Malang Regency as the unit of analysis. Data were collected through in-depth interviews with institutional stakeholders and triangulated with documentary analysis of zakat distribution reports from 2020 to 2024. The study utilizes an inductive analytical framework to examine how Pentahelix-based collaboration influences the effectiveness of productive zakat implementation.ResultsThe findings reveal that BAZNAS Malang Regency has made substantial progress in transitioning from consumptive to productive zakat programs through initiatives such as small-business capital provision and equipment distribution. These efforts, implemented across 33 subdistricts, have led to significant economic improvements for mustahiq, with an estimated 25% increase in income levels. Moreover, the study finds that the success of these programs is closely linked to multi-sector collaboration under the Pentahelix model, although disparities in stakeholder engagement and the absence of formal mentoring and evaluation frameworks remain.ImplicationsThe results highlight the potential of productive zakat as a tool for sustainable poverty alleviation and economic inclusion when combined with collaborative governance. The Pentahelix model provides a viable framework for institutionalizing such efforts, though further development is needed to ensure strategic alignment, measurable impact, and long-term sustainability.Originality/NoveltyThis study contributes to the growing literature on Islamic social finance by offering an in-depth case analysis of productive zakat practices supported by multi-stakeholder collaboration in Indonesia. It introduces a nuanced understanding of how zakat institutions can serve as developmental agents in achieving Islamic economic objectives beyond traditional charity models.
Optimizing financial management and reporting to increase accountability and transparency in Islamic boarding schools‎ Zahirah, Sayyidah Yasmin; Suhaedi, Wirawan
Journal of Islamic Economics Lariba Vol. 11 No. 1 (2025)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol11.iss1.art2

Abstract

IntroductionIslamic boarding schools, known as pesantren, play a pivotal role in religious and educational development across Indonesia. However, as their institutional complexity increases, so does the demand for improved financial accountability and transparency. While prior research has acknowledged the significance of ethical governance in faith-based institutions, there remains limited empirical exploration of how Islamic values are operationalized within pesantren financial management.ObjectivesThis study investigates how pesantren optimize financial governance and reporting mechanisms by integrating spiritual principles and centralized institutional practices to enhance accountability and transparency.MethodUsing a qualitative, phenomenological research design, the study was conducted at three pesantren in Mataram City, West Nusa Tenggara. Data collection involved in-depth interviews with key administrators, direct observations, and financial document analysis. Thematic analysis was used to interpret the data and identify core patterns of governance.ResultsThe findings reveal that financial accountability in pesantren is rooted in Islamic spiritual values such as amanah (trustworthiness), siddiq (honesty), barakah (blessing), and husnudzon (positive presumption). These values shape ethical conduct and foster internal trust among stakeholders. Centralized financial management systems, complemented by informal communication practices, support transparency and efficient resource allocation. However, challenges such as limited technological infrastructure and reduced local autonomy remain.ImplicationsThe study suggests that effective financial accountability in pesantren can be achieved through a culturally embedded approach that aligns spiritual values with structured governance. This alignment strengthens institutional credibility and supports sustainable development.Originality/NoveltyThis research contributes to the academic discourse by presenting a faith-based financial governance model rooted in Islamic ethics. It offers practical insights for educational institutions seeking to harmonize religious identity with professional accountability standards.
A normative ethical analysis of Islamic unit-linked insurance using the Maqasid Shariah framework of Abu Zahrah Kholis, Nur
Journal of Islamic Economics Lariba Vol. 11 No. 1 (2025)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol11.iss1.art18

Abstract

IntroductionIslamic unit-linked insurance (IULI) products are widely offered in Indonesia as financial instruments that integrate Shariah-compliant protection and investment features. While these products formally adhere to legal Shariah contracts, growing concerns have emerged regarding their operational alignment with Islamic ethical principles, particularly justice. Previous studies have focused on the legal structure of Islamic insurance, but few have assessed whether their practices fulfill the higher objectives of Islamic law (maqasid shariah), especially from a normative ethical perspective.ObjectivesThis study aims to evaluate the operational practices of Islamic unit-linked insurance in Indonesia through the lens of maqasid shariah as conceptualized by Abu Zahrah. It seeks to determine whether the structural compliance of IULI contracts also translates into ethical and social justice in practice, particularly in cost transparency, fund management, and participant equity.MethodUsing a normative qualitative approach, this study analyzed policy documents, fatwas issued by Indonesia’s Shariah authority, and cost structures of four major Islamic insurance providers. The analysis applied Abu Zahrah’s three-dimensional maqasid framework—spiritual integrity, justice, and public welfare—to assess the alignment between contract theory and actual implementation. Contractual, regulatory, and ethical aspects were examined in light of Islamic jurisprudence.ResultsThe study found that while the IULI contracts were formally Shariah-compliant, operational practices exhibited major ethical inconsistencies. These include disproportionate acquisition costs, ambiguous fund classification, and vague contract disclosures. The clause allowing "additional agreed-upon conditions" in regulatory fatwas was frequently exploited to introduce unjustified fees. These practices compromised the ethical foundation of IULI and undermined the maqasid objectives of wealth protection and justice.ImplicationsThe findings highlight a justice deficit in IULI implementation, signaling the need for stricter governance, transparent disclosure, and ethical oversight. Structural compliance must be complemented by ethical substance to preserve public trust in Islamic finance. This study calls for the institutionalization of maqasid-based performance criteria and regulatory reforms to uphold the values of Shariah in financial products.Originality/NoveltyThis research contributes a novel evaluative framework rooted in Abu Zahrah’s maqasid to assess the ethical validity of Islamic unit-linked insurance. By shifting the evaluative focus from formal legality to ethical substance, the study offers critical insights into aligning Islamic financial practices with the true spirit of Shariah.
Halal tourism potential in North Maluku: Synergy between culture, religion, and economy Kanaha, Ibnu; Kurniawan, Satunggale
Journal of Islamic Economics Lariba Vol. 11 No. 1 (2025)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol11.iss1.art19

Abstract

IntroductionNorth Maluku, a culturally rich province with deep Islamic roots, possesses significant potential for developing halal tourism. Despite its historical Islamic sites and vibrant religious traditions, this potential remains underutilized due to infrastructural limitations and fragmented policy support.ObjectivesThis study aims to analyze the development of halal tourism in North Maluku by examining the synergy between culture, religion, and economy. It further explores the roles of local stakeholders, assesses the empowerment of micro, small, and medium enterprises, and evaluates how global halal tourism trends influence strategic regional planning.MethodUsing a descriptive qualitative approach, the research involved in-depth interviews, participatory observation, and documentation across selected sites in North Maluku. Participants included religious leaders, government officials, tourism business actors, MSMEs, and local communities engaged in Islamic cultural practices.ResultsFindings reveal that the integration of local Islamic traditions into tourism offerings enhances destination authenticity and appeal. Government interventions remain partial but show commitment through the establishment of sharia-compliant facilities. Halal tourism has empowered MSMEs, yet challenges persist in aligning community-based models with halal standards due to knowledge gaps, resource constraints, and regulatory inconsistency. Global trends in Muslim travel offer strategic opportunities for North Maluku to position itself competitively within the halal tourism market.ImplicationsThis study contributes to the theoretical understanding of halal tourism as a culturally embedded, community-driven development model. Practically, it underscores the need for regulatory clarity, investment in training, and strategic marketing. For policymakers, it offers evidence-based recommendations for developing inclusive, sustainable, and globally oriented halal tourism strategies in underdeveloped regions.Originality/NoveltyUnlike previous studies that generalize halal tourism within urban or international contexts, this research offers a region-specific perspective that highlights the importance of cultural-religious synergy. It introduces a multidimensional framework where halal tourism functions as a tool for local empowerment, identity preservation, and regional economic development.