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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 266 Documents
Transforming mustahiq into muzzaki through strategic management: An empirical study of productive zakat distribution in Yogyakarta, Indonesia Iswanaji, Chaidir; Anwar, Syamsul; Hanafi, Syafiq Mahmadah
Journal of Islamic Economics Lariba Vol. 12 No. 1 (2026)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol12.iss1.art18

Abstract

IntroductionPoverty alleviation remains a major development challenge in Indonesia. Zakat, as an Islamic redistributive mechanism, has the potential to function as a productive economic instrument. This study examines a productive zakat distribution model aimed at transforming mustahiq into muzzaki through empowerment and sustainable economic development, based on economic criteria including income, asset ownership, ability to meet basic needs, and fulfillment of the nisab threshold.ObjectivesThe study aims to analyze how productive zakat contributes to socio-economic transformation, identify institutional and managerial factors influencing program effectiveness, and propose an applicable model of zakat distribution that supports mustahiq independence and transition toward muzzaki status.MethodUsing a qualitative descriptive approach and case study design, the research was conducted in several zakat institutions in Yogyakarta, including BAZNAS, LAZISMU, LAZISNU, and Rumah Zakat. Data were collected through in-depth interviews, direct observation, and document analysis involving 55 mustahiq and zakat managers. The data were analyzed using Miles and Huberman’s model of data reduction, display, and verification.ResultsFindings show that productive zakat programs when integrated with planning, mentoring, and monitoring significantly improve beneficiaries’ income, business performance, and self-reliance. The application of management principles (forecasting, organizing, actuating, and controlling) enhances accountability and program impact. However, challenges remain in limited institutional capacity, uneven monitoring, and insufficient long-term evaluation.ImplicationsThe study demonstrates that productive zakat can serve as an investment in human and social capital rather than a short-term relief tool. It highlights the need for strategic management integration and institutional collaboration to ensure sustainability and measurable economic transformation among mustahiq.Originality/NoveltyThis research contributes to Islamic economic scholarship by offering an empirical framework that links productive zakat management with socio-economic empowerment and sustainable development. It advances the understanding of zakat as a transformative instrument that aligns Islamic social finance with modern development management practices.
Assessing the effectiveness of digital marketing for Halal tourism using EPIC model at Pesarean Syaikhona Kholil, Bangkalan Faraby, Muhammad Ersya; Syarif, Muhammad; Aguilika, Deykha; Musadad, Ahmad; Pujiati, Tri; Misno , Misno; Mohammad Ibraheem, Mohammad Jazeel
Journal of Islamic Economics Lariba Vol. 12 No. 1 (2026)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol12.iss1.art19

Abstract

IntroductionHalal tourism offers a range of travel packages designed to accommodate Muslim travelers. Several components support the development of halal tourism, including halal food, halal transportation, halal hotels, halal logistics, halal financial systems, and halal tour packages that comply with sharī‘ah standards. The main problem addressed in this study is the suboptimal use of digital marketing systems as promotional media for halal tourism in Bangkalan, Madura.ObjectivesThis study aims to identify the digital marketing systems employed by the religious tourism destination Pesarean Syaikhona Kholil Bangkalan as a halal tourism site in Indonesia. In addition, the study tries to assess the effectiveness of digital marketing through social media as part of the promotional strategy for this religious destination.MethodThis research adopts a mixed-methods approach. The qualitative component is used to explain the forms of digital marketing implemented by Pesarean Syaikhona Kholil. Meanwhile, the quantitative component is employed to obtain an assessment of the effectiveness of the destination’s digital marketing initiatives. The qualitative analysis uses the EPIC Model (Empathy, Persuasion, Impact, and Communication).ResultsThe findings reveal that the management of Pesarean Syaikhona Kholil Bangkalan has not fully optimized digital marketing practices, resulting in relatively low visitor numbers. Based on the EPIC Model assessment, the average EPIC rate score is 3.955556, in the “effective” category. This indicates that utilizing digital media as a marketing strategy is effective for tourism promotion.ImplicationsThe results provide implications for the application of digital marketing in promoting Pesarean Syaikhona Kholil as one of Indonesia’s halal tourism destinations. There is a need to strengthen digitalization efforts by leveraging social media platforms such as Instagram, TikTok, Facebook, and WhatsApp to reduce conventional promotional costs and expand market reach. Additionally, synergy between the Bangkalan local government, tourism managers, and the surrounding community is crucial to building a shared vision in supporting the development of Pesarean Syaikhona Kholil Bangkalan as a national halal tourism destination.Originality/NoveltyThis study offers new insights into the use of digital marketing as a promotional tool for halal tourism in Bangkalan. The findings contribute to the development of innovative digital marketing strategies aimed at expanding the market reach of halal tourism in Indonesia. Furthermore, the EPIC Model assessment derived from respondents provides a valuable analytical tool for measuring the effectiveness of digital marketing implemented by tourism managers.
Integrating smart contracts with Islamic economic law: A Sharia design framework for digital finance governance Hasanuddin, Hasanuddin; Malik, Abdul; Tuo, Hana
Journal of Islamic Economics Lariba Vol. 12 No. 1 (2026)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol12.iss1.art16

Abstract

IntroductionSmart contracts have become an important innovation in blockchain-based digital transactions because they enable automated, transparent, immutable, and self-executing agreements. In Islamic economic law, however, contracts are not merely technical instruments but also ethical and legal commitments that must fulfill the principles of consent, clarity, justice, lawful subject matter, and freedom from prohibited elements such as usury, excessive uncertainty, and gambling. This creates an important scholarly issue concerning whether smart contracts can be integrated with sharia contract principles in the digital age.ObjectivesThis study analyzes the compatibility of smart contracts with Islamic economic law and examines their legal and regulatory position in Indonesia. It also formulates an Islamic Smart Contract Framework as a conceptual model for integrating blockchain technology with sharia contract validation, digital sharia supervision, and legally accountable execution.MethodThis study uses a normative-juridical approach based on secondary legal and scholarly materials. The analysis examines Indonesian regulations on electronic contracts, personal data protection, Islamic banking, and financial technology, along with fatwas issued by the National Sharia Council of the Indonesian Ulema Council. Academic literature on blockchain, smart contracts, Islamic contract theory, sharia fintech, and comparative practices in Malaysia, Bahrain, and the United Arab Emirates is also reviewed. The data are analyzed descriptively, normatively, comparatively, and conceptually.ResultsThe findings show that smart contracts can support Islamic economic transactions when they function as technical instruments for executing valid sharia contracts. They can strengthen transparency, legal certainty, transaction efficiency, auditability, and trust. However, smart contracts cannot independently ensure contractual intent, consent, legal capacity, fairness, public benefit, or compliance with the higher objectives of sharia. Their implementation therefore requires sharia contract validation, fatwa-based supervision, digital sharia audits, hybrid dispute resolution, and clear regulatory standards.ImplicationsThis study provides a conceptual basis for regulators, sharia authorities, Islamic financial institutions, and fintech developers to design smart contracts that are technologically reliable, legally recognized, and sharia-compliant.Originality/NoveltyThis study contributes by proposing the Islamic Smart Contract Framework as a sharia-by-design model that integrates contract validation, programmable code structure, algorithmic sharia auditing, and blockchain-based execution.
Local economic transformation, digitalization, and poverty reduction: The moderating role of Islamic financial inclusion in Luwu Regency Ernawati, Ernawati; Abdullah, Muh. Ruslan; Ishak, Ishak
Journal of Islamic Economics Lariba Vol. 12 No. 1 (2026)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol12.iss1.art27

Abstract

IntroductionPoverty remains a persistent development challenge in Indonesia, particularly in regional economies where economic growth does not always translate into inclusive welfare improvement. In Luwu Regency, poverty continues to reflect limited income, weak productive capacity, unequal access to economic opportunities, and insufficient integration between local development, digital technology, and financial services. Local economic transformation and digitalization are increasingly viewed as strategic pathways for strengthening productivity, expanding market access, empowering micro, small, and medium enterprises, and improving household welfare. At the same time, Islamic financial inclusion offers a Sharia-compliant mechanism for broadening access to financing, savings, digital financial services, and financial literacy.ObjectivesThis study analyzes the effects of local economic transformation and digitalization on poverty in Luwu Regency, South Sulawesi, Indonesia. It also examines whether Islamic financial inclusion strengthens the relationship between local economic transformation, digitalization, and poverty reduction.MethodThis study used a quantitative approach with a cross-sectional research design. Data were collected through structured questionnaires from 250 respondents consisting of micro, small, and medium enterprise actors and users of digital services in Luwu Regency. The data were analyzed using Structural Equation Modeling based on Partial Least Squares to assess the measurement model, structural model, direct effects, and moderating effects.ResultsThe findings show that local economic transformation, digitalization, and Islamic financial inclusion have significant direct effects on poverty reduction. Local economic transformation contributes through regional productivity improvement, local resource utilization, and enterprise empowerment. Digitalization supports poverty reduction by expanding access to digital transactions, online markets, and economic information. Islamic financial inclusion also contributes by improving access to Sharia-compliant financial services. However, Islamic financial inclusion does not significantly moderate the relationship between local economic transformation and poverty, while it significantly strengthens the relationship between digitalization and poverty reduction.ImplicationsThe findings suggest that poverty alleviation requires integrated policies that combine local economic empowerment, digital infrastructure, digital literacy, and broader access to Islamic financial services.Originality/NoveltyThis study contributes to regional development and Islamic economics literature by integrating local economic transformation, digitalization, and Islamic financial inclusion into a single framework for explaining poverty reduction at the regional level.
Integrating fundamental and technical analysis with Maqāṣid al-Sharī‘ah in evaluating JII70 Sharia stock investment performance in Indonesia Jumarni, Jumarni; Ariska, Ayu; Kadir, Syahruddin
Journal of Islamic Economics Lariba Vol. 12 No. 2 (2026)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol12.iss2.art4

Abstract

IntroductionThe Islamic capital market in Indonesia has grown rapidly, marked by rising market capitalization, expanding investor participation, and increasing interest in sharia-compliant stocks listed in the Jakarta Islamic Index 70. Despite this progress, many investors still face difficulties in evaluating sharia stocks because investment decisions often rely either on financial fundamentals or short-term market sentiment. This condition creates a need for an integrated model that combines fundamental analysis, technical analysis, and maqāṣid al-sharī‘ah values, particularly wealth preservation.ObjectivesThis study aims to evaluate the investment performance of selected Jakarta Islamic Index 70 sharia stocks by integrating fundamental and technical analysis with the maqāṣid al-sharī‘ah principle of ḥifẓ al-māl. It also examines how financial ratios and market trendiness influence sharia stock price formation.MethodThis study used a descriptive mixed-methods approach based on secondary data from five selected sharia-compliant issuers: PT Aneka Tambang Tbk, PT Alamtri Resources Indonesia Tbk, PT Pertamina Geothermal Energy Tbk, PT Bumi Resources Minerals Tbk, and PT Telkom Indonesia (Persero) Tbk. Fundamental analysis was conducted using price earnings ratio, price to book value, return on equity, earnings per share, and debt to equity ratio. Technical analysis employed moving average, relative strength index, moving average convergence divergence, trading volume, and support-resistance indicators. The study also applied the Integrated Islamic Investment Framework and panel data regression using a fixed effects model.ResultsThe findings show that PT Aneka Tambang Tbk achieved the strongest fundamental score, followed by PT Alamtri Resources Indonesia Tbk and PT Telkom Indonesia (Persero) Tbk. In contrast, PT Bumi Resources Minerals Tbk ranked highest technically as a strong momentum stock. Regression results indicate that price to book value, earnings per share, and trading volume positively affect stock prices, while debt to equity ratio has a negative effect.ImplicationsThe study shows that sharia stock investment requires a balance between profitability, market timing, risk control, and ethical wealth preservation.Originality/NoveltyThis study contributes an integrated Islamic stock evaluation model that links fundamental strength, technical momentum, market trendiness, and maqāṣid al-sharī‘ah-based wealth preservation.
A comparative socio-legal and maqasid analysis of waṣiyyah wājibah in Islamic inheritance law in Indonesia and Malaysia Susanti, Neneng Desi; Arisman, Arisman; Kasnan, Kasnan; Mohd Ruslan, Ros Amira
Journal of Islamic Economics Lariba Vol. 12 No. 2 (2026)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol12.iss2.art10

Abstract

IntroductionIslamic inheritance law is widely recognized for its doctrinal clarity, yet contemporary social transformations have exposed gaps between classical rules and modern family realities. The concept of waṣiyyah wājibah (compulsory bequest) has emerged as a legal mechanism to address the exclusion of socially dependent individuals such as adopted children, orphaned grandchildren, and interfaith relatives. Despite its growing importance, comparative and integrative studies examining its application across different legal systems remain limited.ObjectivesThis study aims to analyze the concept and implementation of waṣiyyah wājibah in Indonesia and Malaysia through a comparative framework. It seeks to identify the legal, institutional, and socio-cultural factors shaping its application, and to evaluate its legitimacy and function using sociological and maqāṣid al-sharīʿah perspectives.MethodThe research adopts a qualitative, doctrinal–comparative approach based on the analysis of legal texts, statutory regulations, judicial decisions, and scholarly literature. It integrates normative legal analysis with socio-legal interpretation and purposive reasoning to examine how waṣiyyah wājibah operates within different institutional contexts.ResultsThe findings reveal that waṣiyyah wājibah functions as a flexible instrument of legal adaptation in both countries, though with distinct characteristics. Indonesia demonstrates a more expansive and jurisprudence-driven model, where courts extend the scope of compulsory bequests to address diverse social realities. Malaysia, by contrast, exhibits a more structured and decentralized approach, shaped by state enactments and procedural frameworks. In both systems, waṣiyyah wājibah remains bounded by doctrinal constraints and justified through principles of justice, welfare, and the objectives of Islamic law.ImplicationsThe study highlights the role of waṣiyyah wājibah in enhancing family welfare, reducing inheritance disputes, and promoting socially responsive legal outcomes. It also underscores the importance of institutional design and judicial reasoning in shaping the effectiveness of Islamic legal reform.Originality/NoveltyThis study offers an integrated comparative analysis that combines doctrinal, socio-legal, and maqāṣid-based perspectives. It contributes to the literature by demonstrating how Islamic inheritance law can adapt to contemporary challenges while maintaining its normative foundations.