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Equivalent rate thresholds and financing risk in Indonesian Islamic commercial banks: Evidence from a nonlinear panel analysis Rakhmat, Adrianna Syariefur; Effendi, Jaenal; Achsani, Noer Azam; Sahara, Sahara
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.art23

IntroductionIndonesian Islamic banking has expanded considerably over the past two decades, yet its financing risk has not consistently remained lower than that of conventional banking. Islamic banks also continue to operate within a dual banking system in which conventional interest rates influence the pricing of Islamic financing. These conditions highlight the need to understand whether the equivalent rate of profit-and-loss-sharing financing affects Islamic banking risk in a linear or nonlinear manner.ObjectivesThis study examines the threshold effect of the equivalent rate of profit-and-loss-sharing financing on Indonesian Islamic banking risk. It also estimates a critical equivalent-rate level that may serve as an early warning indicator for financing risk mitigation.MethodThe study employed a quantitative explanatory design using quarterly unbalanced panel data from 15 Indonesian Islamic commercial banks between 2014 and 2024. Islamic banking risk was measured by the ratio of non-performing financing to total financing. The equivalent rate was calculated from returns on profit-and-loss-sharing financing relative to total profit-and-loss-sharing financing. The analysis applied a fixed-effects panel regression model with a least-squares dummy-variable estimator and corrected standard errors. Conventional interest rates, inflation, economic growth, the exchange rate, and the coronavirus disease 2019 period were included as control variables.ResultsThe equivalent rate of profit-and-loss-sharing financing demonstrated a significant inverted U-shaped relationship with Islamic banking risk. Below the estimated threshold of 10.96 percent, an increase in the equivalent rate raised non-performing financing because higher financing costs increased customers’ repayment burdens. Above the threshold, however, a higher equivalent rate reduced financing risk, indicating that Islamic banks strengthened customer screening, feasibility assessment, and project monitoring when expected financing returns were sufficiently high. Conventional interest rates showed a U-shaped relationship with Islamic banking risk, with an estimated threshold of 6.01 percent. Inflation significantly reduced financing risk, whereas economic growth, exchange rates, and the coronavirus disease 2019 period had no significant effects.ImplicationsThe findings support the use of the equivalent-rate threshold as an early warning mechanism. Islamic banks should improve financing portfolio diversification, strengthen customer selection, monitor financed projects continuously, and design profit-and-loss-sharing products that generate stable returns without increasing default risk.Originality/NoveltyThis study contributes new evidence on the nonlinear relationship between equivalent rates and Islamic banking risk and provides a measurable threshold for risk management in Indonesian Islamic commercial banks.

The effect of liquidity risk on Sharia rural banks’ profitability: The role of size and ownership Rahmany, Sri; Widarjono, Agus; Che Arshad, Noraziah; Hendri, Zul
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.art26

IntroductionLiquidity risk arises from its inability to meet its obligations or to fund an increase in assets at maturity without incurring unacceptable costs or losses. Accordingly, it is essential to gain a deeper understanding of the underlying relationship between bank liquidity and bank performance.ObjectivesThe goal of this study is to investigate the impact of liquidity risk on the profitability of Shariah Rural Banks (SRBs), controlling for market competition, bank-specific variables, and macroeconomic conditions. MethodThe study analyzed 154 SRBs from 2015 to 2023 using quarterly data. The total number of observations is 5,496 with unbalanced panel data. This study employs panel regression to investigate the impact of liquidity risk on profitability. ResultsThe liquidity risk decreases profitability. Small SRBs encounter more risks related to liquidity risk than large Islamic banks. The local state-owned SRBs are more effective in mitigating the negative impact of funding risk on profitability. Also, strong market power and bank fundamentals support profitability. Furthermore, a good economic condition boosts profitability. ImplicationsFirst, policymakers must oversee the liquidity risk management of SRBs to ensure that the negative impact of mismatched maturity on profits is relatively small. Second, SRB must effectively manage liquidity risk by carefully selecting customers and closely monitoring financing when they are at high liquidity risk.Originality/NoveltyThe empirical research on the impact of liquidity risk on SRB's profitability is still rare to date. Our research explores the effect of liquidity risk on profitability, considering bank size and bank ownership as moderating variables.

Revitalizing Merah Putih Village Cooperatives through Maqasid Sharia: A qualitative study of rural economic recovery in Indonesia Mulyadi, Deni; Arinal Rahmati
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.art24

IntroductionThe revitalization of village cooperatives has become a strategic priority in Indonesia following the introduction of Presidential Instruction No. 9 of 2025, which promotes the establishment of Merah Putih Village Cooperatives to strengthen rural economic resilience and accelerate national economic recovery. Despite growing interest in cooperative development, limited research has examined how Maqasid Sharia can be systematically integrated into village cooperative governance as a foundation for sustainable, value-based economic empowerment.ObjectivesThis study investigates how the Merah Putih Village Cooperative internalizes the principles of Maqasid Sharia within its institutional structure and governance. It further examines the cooperative’s contribution to improving members’ socioeconomic welfare and evaluates its role in promoting inclusive national economic recovery through a values-driven cooperative model.MethodThis study employed a qualitative research approach combining library research and field research. Data were collected through semi-structured interviews, participant observation, policy document analysis, and an extensive review of scholarly literature. The participants included cooperative managers, members, and local community representatives. The data were analyzed using thematic analysis based on data reduction, data presentation, and conclusion drawing, while source triangulation was applied to enhance the credibility and reliability of the findings.ResultsThe findings demonstrate that the revitalization of the Merah Putih Village Cooperative successfully integrates the five dimensions of Maqasid Sharia into institutional governance and operational practices. The most prominent dimensions are the protection of wealth through transparent financial management and digital bookkeeping, the protection of life through welfare and social assistance programs, and the protection of intellect through Islamic financial literacy initiatives. The cooperative also strengthens the protection of religion through Sharia-compliant governance and the protection of lineage through youth empowerment and intergenerational development programs. Furthermore, the cooperative promotes local entrepreneurship, employment creation, social inclusion, participatory decision-making, and community solidarity while supporting national economic recovery. However, limited digital literacy and technological capacity remain significant challenges to cooperative modernization.ImplicationsThe findings indicate that integrating Maqasid Sharia into village cooperative governance enhances institutional transparency, member participation, social inclusion, and sustainable rural economic development. The study also provides practical guidance for policymakers and cooperative managers in designing value-based governance frameworks that combine ethical principles with digital innovation to strengthen community resilience and national economic recovery.Originality/NoveltyThis study offers one of the first qualitative empirical examinations of the Merah Putih Village Cooperative through the comprehensive lens of Maqasid Sharia. It develops an integrated institutional model that combines Islamic ethical values, participatory governance, digital transformation, and national cooperative policy, extending both institutional theory and the literature on Islamic cooperative governance while providing a practical framework for sustainable village economic revitalization.

Governance violations and their impact on business growth: A case study of Sharia Rural Bank Saka Dana Mulia Kudus Sumarno, Sumarno; Yahya, Muchlis; El Junusi, Rahman; Murtadho, Ali; Elizabeth, Misbah Zulfa; Abdullah, Irwan
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.art28

IntroductionGovernance failure in Islamic rural banking remains a critical challenge because weak implementation of prudential principles, ineffective oversight, and inadequate risk management can threaten institutional sustainability and ultimately result in the revocation of an operating license. Although governance has been extensively discussed in Islamic banking, comprehensive evidence explaining how governance violations, liquidity risk, and capital inadequacy jointly contribute to institutional failure remains limited, particularly among Sharia Rural Banks in Indonesia.ObjectivesThis study aims to identify the types of governance violations that occurred at Sharia Rural Bank Saka Dana Mulia Kudus, analyze the implementation of good corporate governance and Islamic corporate governance, examine the relationship between governance failure, liquidity risk management, and minimum capital adequacy, and evaluate their impact on sustainable business growth.MethodThis study employed a qualitative approach using a single-case study design focusing on Sharia Rural Bank Saka Dana Mulia Kudus. Secondary data were collected from regulatory documents, banking publication reports, financial statements, official policies, media reports, and academic literature covering the period from 2020 to 2024. Document analysis, thematic coding, and source triangulation were applied to identify governance failures, liquidity risk, capital adequacy issues, and their consequences for banking performance and business continuity.ResultsThe findings reveal that governance failure resulted from the ineffective performance of the board of directors and board of commissioners, weak implementation of prudential principles, inadequate liquidity risk management, failure to satisfy minimum capital adequacy requirements, and ineffective Sharia compliance oversight. These weaknesses caused severe deterioration in financial performance, reflected by extremely high non-performing financing, declining profitability, insufficient liquidity reserves, negative capital adequacy, and continuing operating losses. The resulting decline in depositor confidence, reduction in third-party funds, unsuccessful restructuring efforts, and worsening financial health ultimately led to the revocation of the bank’s operating license and significantly hindered business growth.ImplicationsThe findings emphasize the importance of strengthening governance structures, improving liquidity risk management, ensuring sustainable capital adequacy, enhancing the effectiveness of the Sharia Supervisory Board, and implementing more proactive regulatory supervision and early warning mechanisms to safeguard institutional stability and promote sustainable growth in Islamic rural banking.Originality/NoveltyThis study provides a comprehensive analytical framework integrating governance failure, liquidity risk management, minimum capital adequacy, and Islamic corporate governance to explain institutional failure in a Sharia Rural Bank. It offers practical early warning indicators for regulators and banking practitioners while demonstrating that Islamic institutional identity alone does not guarantee effective governance without substantive oversight, prudent management, and integrated risk control.

Regulatory and institutional dynamics in accelerating Halal product certification for achieving the SDGs in Indonesia Nahidloh, Shofiyun; Hilmy, Masdar; Pujiati, Tri; Fajar, Fajar; Musadad, Ahmad
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.art29

IntroductionThe rapid expansion of halal certification in Indonesia has shifted from being largely a matter of religious compliance to becoming an integral component of state policy that supports the Sustainable Development Goals (SDGs), especially those related to inclusive economic growth (Goal 8), industrial development and innovation (Goal 9), and sustainable patterns of consumption and production (Goal 12). ObjectivesThis study aims to examine how governmental regulatory frameworks drive the expansion of halal certification and to assess their broader implications for the governance of sustainable economic development.MethodThe research employs a qualitative approach based on a critical review of scholarly literature, analysis of relevant policies and institutional arrangements, and secondary data obtained from public authorities and business stakeholders.ResultsThe findings indicate that halal certification in Indonesia functions not only as a technical regulatory mechanism but also as a form of bureaucratized religious governance, through which the state institutionalizes religious authority and collective identity. Halal certification in Indonesia functions not only as a technical regulatory mechanism but also as a form of bureaucratized religious governance, through which the state institutionalizes Islamic authority and collective identity. Despite a standardized framework established by BPJPH, implementation faces structural barriers such as unequal access, limited infrastructure, and low digital literacy among MSMEs. As a public policy instrument, halal certification safeguards religious values, strengthens state legitimacy, and enhances global competitiveness. In relation to the SDGs, it contributes concretely to inclusive economic growth (SDG 8), industrial development and innovation (SDG 9), and ethical, sustainable consumption (SDG 12).ImplicationsThe study suggests that the SDGs framework can serve as an evaluative tool for assessing bureaucratic transformation in the halal industry, positioning halal certification not only as a mechanism for protecting religious values but also as part of a broader strategy for sustainable and responsible economic development.Originality/NoveltyThis study introduces a conceptualization of halal certification as bureaucratized religious governance, demonstrating how religious symbolism can be transformed into a rationalized policy instrument within the framework of sustainable development. By integrating political economy, the research provides a new analytical lens for understanding the institutionalization of religious norms through state regulation to achieve development objectives.

Islamic finance as a tool for achieving the Sustainable Development Goals (SDGs): Evidence from Nigeria Yusuf, Jamiu Adeniyi; Ayuba, Ismail Aderole; Muhammed, Azeem Tunde
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.art30

IntroductionNigeria continues to face persistent development challenges, including infrastructure deficits, widespread poverty, financial exclusion, and increasing vulnerability to climate change. Conventional development financing sources such as tax revenues, foreign direct investment, and official development assistance remain insufficient to bridge the substantial financing gap required to achieve the Sustainable Development Goals (SDGs). This has renewed interest in alternative, ethical, and inclusive financing frameworks.ObjectivesThis study examines the role of Islamic finance as a complementary development financing mechanism for advancing the SDGs in Nigeria. Specifically, it evaluates the effectiveness of sovereign Sukuk in infrastructure development (SDG 9), Islamic social finance instrument, Zakat and Waqf in poverty alleviation and social welfare (SDGs 1, 2, 3, and 6), Islamic microfinance in financial inclusion (SDG 8), and Green Sukuk in climate action and renewable energy financing (SDGs 7 and 13).MethodThe study adopts a qualitative and analytical approach, drawing on a systematic review of post-2021 academic literature, policy reports, and institutional data. Descriptive and comparative analyses are complemented by case-based evidence from Nigeria, which has emerged as a regional hub for Islamic financial innovation.ResultsFindings indicate that Islamic finance instruments demonstrate strong alignment with sustainable development objectives through asset-backed financing, risk-sharing, and redistributive mechanisms. Nigeria’s experience with sovereign Sukuk illustrates improved project accountability and infrastructure delivery, while Zakat and Waqf contribute to community-level service provision. However, the scalability of Islamic finance across SSA is constrained by regulatory fragmentation, liquidity management challenges, low public awareness, and limited standardisation.ImplicationsPolicymakers in Nigeria and Sub-Saharan Africa should strengthen regulatory frameworks, improve standardisation, and promote public awareness of Islamic finance instruments to enhance their scalability and effectiveness as complementary financing mechanisms for achieving sustainable development goals.Originality/NoveltyThis study contributes to the literature by providing an integrated, instrument-specific assessment of Islamic finance and SDG implementation in SSA, offering policy-relevant insights grounded in recent empirical evidence.

Governance of Village-Owned Enterprises-Village Financial Institutions (BUMDesma-LKD) from a Sharia economic perspective: Analysis of institutional readiness Sujana, I Wayan; Ridzal, Nining Asniar
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.art6

IntroductionVillage-Owned Enterprises–Village Financial Institutions are expected to strengthen village economic independence, expand financial inclusion, and improve community welfare through the collective management of local resources. However, in Central Buton Regency, these institutions remain dependent on revolving funds, have limited business diversification, and face weaknesses in administration, transparency, financial reporting, and community participation. Sharia economic governance offers an alternative framework based on justice, accountability, transparency, sustainability, and public benefit; however, its implementation depends on adequate institutional readiness.ObjectivesThis study examines the institutional readiness of Village-Owned Enterprises (VOEs) and village financial institutions (VFIs) in Central Buton Regency to implement governance based on a Sharia economic perspective. It also formulates policy recommendations to support gradual, accountable, and sustainable institutional transformation.MethodThis study used a descriptive qualitative design. Primary data were collected through in-depth interviews, focus group discussions, triangulation, and open-ended questionnaires involving managers, supervisors, religious leaders, beneficiaries, local government representatives, and representatives of Islamic financial institutions. Secondary data were obtained from institutional regulations, administrative documents and financial reports. The data were analyzed using thematic analysis supported by qualitative data analysis software and a strengths, weaknesses, opportunities, and threats analysis.ResultsThe findings show that institutional readiness is partial and uneven. Values such as fairness, transparency, deliberation, and concern for beneficiaries are informally present, but formal Sharia governance mechanisms have not been established. Savings and loan activities still use interest-based arrangements, while sharia contracts, standard operating procedures, supervisory structures, and compliance systems are largely absent. Limited managerial knowledge and inadequate community education also prevent stakeholders from distinguishing Sharia-based governance from conventional practices. Nevertheless, strong religious and cultural acceptance and available institutional partnerships create favorable opportunities for transformation.ImplicationsThe transition toward Shariah-based governance requires coordinated reforms in regulation, managerial competence, supervision, financial administration, digitalization, business diversification, and community participation.Originality/NoveltyThis study contributes to the literature by integrating institutional theory with Sharia economic governance and treating Sharia transformation as a multidimensional readiness process rather than merely a change in financing contracts.

Carbon emission rebound in Indonesia’s post-pandemic recovery: Decoupling dynamics and Islamic economic perspectives on green policy Hastin, Mira; Putri , Osi Hayuni
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.art5

IntroductionThe COVID-19 pandemic temporarily weakened the relationship between economic growth and carbon emissions in many countries. In Indonesia, however, the sustainability of this decoupling remains uncertain because the post-pandemic recovery was shaped by fiscal expansion, commodity-driven trade surplus, and continued dependence on carbon-intensive sectors. This issue is especially important because Indonesia is simultaneously pursuing economic recovery, climate commitments, and sustainable development within a Muslim-majority context where Islamic economic ethics can enrich environmental policy analysis.ObjectivesThis study examines whether Indonesia’s post-pandemic economic recovery sustained the temporary decoupling of economic growth from carbon emissions observed in 2020 or instead produced a carbon-emission rebound. It also explores the associations between emission dynamics, government expenditure, and trade balance, while interpreting the findings through Islamic economic principles, including maqasid al-shariah, maslahah, mizan, khalifah, amanah, and the prevention of ecological harm.MethodThis study uses a longitudinal descriptive-diagnostic design based on annual Indonesian data from 2016 to 2024. The analysis combines trend analysis, Tapio decoupling elasticity, Spearman rank correlation, and a simple scale-intensity decomposition. Islamic economics is incorporated as a normative interpretive framework to assess the ethical and policy implications of carbon-intensive recovery.ResultsThe findings show that Indonesia’s pandemic-era decoupling was short-lived. Carbon dioxide emissions per capita declined in 2020 but increased continuously from 2021 to 2024, surpassing the pre-pandemic level. Tapio elasticity indicates a shift from recessive decoupling during the pandemic shock to expansive negative and strong negative decoupling during recovery. Exploratory correlations suggest that emission changes were more strongly associated with trade balance and government expenditure than with gross domestic product growth alone. The decomposition indicates that worsening carbon intensity contributed more to the emission rebound than scale effects.ImplicationsThe results imply that economic recovery without green conditionality can reinforce carbon-intensive development. Islamic economics strengthens this implication by emphasizing stewardship, public welfare, balance, justice, and harm prevention in fiscal and trade policy.Originality/NoveltyThis study contributes by linking Indonesia’s post-pandemic decoupling analysis with fiscal policy, trade dynamics, and Islamic economic ethics, offering a policy-oriented framework for maqasid-based green recovery.

Premarital education, socioeconomic conditions, and adolescent knowledge in shaping stunting perceptions among university students in Surakarta with Islamic economics perspectives Wibowo, Edi; Widajanti, Erni; Wulandari, Rina; Sari, Putri Oktovita; Mustofa, Akhmad
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.art7

IntroductionStunting prevention is often concentrated on pregnancy and early childhood, although nutritional knowledge, reproductive readiness, and socioeconomic conditions before marriage may influence the health of the family. University students represent an important population whose understanding and perceptions can support early prevention. Evidence integrating premarital education, family socioeconomic factors, adolescent knowledge, and stunting perceptions in an urban Indonesian setting remains limited.ObjectivesThis study examined the association between premarital education and family socioeconomic factors with university students’ knowledge and perceptions of stunting in Surakarta. It also evaluates whether adolescent knowledge mediates these relationships and interprets the findings from an Islamic economic perspective.MethodA quantitative cross-sectional explanatory design was applied to 136 undergraduate students aged 17–25 years from 11 public and private higher-education institutions in Surakarta. Participants were selected using purposive sampling. Data were collected using a structured questionnaire and analyzed using partial least squares structural equation modeling to assess the measurement model, direct relationships, and indirect effects.ResultsPremarital education was positively associated with stunting perceptions and was the strongest predictor of adolescents’ knowledge. Family socioeconomic factors were also positively associated with knowledge and perceptions. Adolescent knowledge positively predicted stunting perceptions and partially mediated the relationships between premarital education and perception, and between socioeconomic conditions and perception. The model explained 44.2% of the variance in adolescent knowledge and 55.5% of the variance in stunting perceptions. These findings indicate that educational exposure, family resources, and cognitive understanding jointly shape prevention-oriented perception.ImplicationsStunting prevention should begin before marriage and pregnancy through coordinated programs involving universities, community health centers, Offices of Religious Affairs, and community institutions. Educational initiatives should be combined with efforts to reduce unequal access to nutritional information, healthcare, and socioeconomic support. From an Islamic economic perspective, such interventions align with the protection of life, progeny, intellect and welfare.Originality/NoveltyThis study contributes an integrated mediation model focusing on university students as a preconception population and extends stunting research by linking behavioral, socioeconomic, and Islamic economic perspectives without claiming direct effects on stunting prevalence.

The role of Sharia financing product in improving company management at PT Mandiri Utama Finance Mattarima, Mattarima; Wijana, Moh. Arga; Suaeb, Muh. Irwan; Rusli, Muhammad; Ista, Akram; 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.art8

IntroductionSharia financing (Rahn) has become an alternative to consumer financing in Indonesia. The implementation of Rahn financing at multifinance companies in South Sulawesi requires further study to understand its role in corporate management and strengthen the companies’ competitiveness.ObjectivesThis study examines the role of Sharia financing product (Rahn) for PT Mandiri Utama Finance South Sulawesi, focusing on the company’s implementation and operational management.MethodThis study employs a qualitative approach using a case study design at PT Mandiri Utama Finance South Sulawesi. Research data were collected through semi-structured interviews, field observations, and analysis of company documents. The analysis technique used a thematic analysis approach to identify patterns, experiences, and findings related to the implementation of Rahn financing at PT Mandiri Utama Finance South Sulawesi.ResultsThe Rahn product implemented by MUF South Sulawesi is in accordance with the DSN-MUI Fatwa. The Rahn contract application process requires collateral in the form of gold and identification, and the estimated value of the collateral is based on market prices. The Rahn product has enhanced the company’s operational management by driving business growth and increasing corporate profits through the acquisition of new customers, market share expansion, and organizational sustainability. This signifies the expansion of financial inclusion, particularly for segments of society requiring quick and easy access to financing without complex procedures, while also strengthening the company’s competitive position.ImplicationsThis study emphasizes the importance of product innovation and Sharia compliance in Sharia-based financing, such as in Rahn. However, challenges remain, including limited understanding among some customers regarding the Rahn financing mechanism, intense competition with conventional financing institutions, and limited human resources in the sector. Therefore, this study recommends that PT MUF strengthen its customer education strategy, enhance its human resource training, and develop digital service innovations to improve the company’s efficiency and competitiveness.Originality/NoveltyThis study provides insights into how Islamic financial products can serve as a new strategy for multifinance companies to balance innovation and tradition to strengthen management capabilities and drive sustainable growth. It offers new empirical contributions regarding how Rahn product are applied within the context of Islamic multifinance companies.

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Yuli Andriansyah

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jurnal.lariba@uii.ac.id

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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

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Home Page

OAI Link

Editorial Team

Contact

Reviewer

Google Scholar

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

Abstract

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Abstract

Abstract

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Abstract

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