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INDONESIA
EKSPEKTASy
Published by Institut Agama Islam Persis Bandung
ISSN : 29622204     EISSN : 28307216     DOI : https://doi.org/10.54801/ekspektasy
Core Subject : Economy, Science, Education, Social,
Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Library & Information Science Social Sciences
JOURNAL EKSPEKTASy contains research results and thoughts about the economy, especially Islamic economics. The main focuses of include Economic Concepts and Thoughts, Sharia Economic Concepts, Islamic Financial Institutions, Accounting, Finance, Islamic Banking and Management, Public Sector Management, Zakat, Infaq, Sadaqah, Waqf, Inheritance, Corporate Governance, Sustainability Reporting, Ethics and Professionalism, Business, Business Management, Sharia Business Management, e-Commerce, Capital Markets and Investment, Taxation, Financial Management, Sharia Financial Management, Economic Law and Sharia Economic Law.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 34 Documents
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The Role of Islamic Economics in Advancing Green and Sustainable Development Meiyanda Tri Pratiwi; Ummi Nur Khalijah
JOURNAL EKONOMI, KEUANGAN, PERBANKAN DAN AKUNTANSI SYARIAH Vol. 3 No. 1 (2024): Jurnal EKSPEKTASY
Publisher : Institut Agama Islam Persis Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54801/t0w38f79

Abstract

This study discusses the role of Islamic economics in promoting green and sustainable economic development. By emphasizing the values of justice, sustainability, and environmental responsibility, Islamic economic principles are in line with the goals of a green economy that focuses on low carbon emissions, social inclusiveness, and resource efficiency. Through a qualitative research method with a literature study approach, this study examines the integration between Islamic economic values and green economic practices. The results of the study indicate that Islamic economics, through concepts such as environmental mandate (khalifah), prohibition of exploitation (riba and gharar), and the application of business ethics, can significantly support the achievement of sustainable development goals (SDGs). However, challenges in its implementation remain, such as lack of awareness, regulatory barriers, and resource limitations. This study emphasizes the importance of collaboration between policy makers, business actors, and the community in creating a more sustainable economic landscape based on ethical values. The integration of Islamic economics and green economy is expected to build a more just, inclusive, and sustainable future.
The Principle of Economic Justice in the Qur’an: A Legal Analysis of Shrinkage in Weights and Measures in Trade According to Qur’an 2:275 in Wahbah al-Zuhaili’s Tafsīr al-Munīr Asep Sutarmin; Akh. Fauzi aseri; Anwar Hafidzi
JOURNAL EKONOMI, KEUANGAN, PERBANKAN DAN AKUNTANSI SYARIAH Vol. 3 No. 1 (2024): Jurnal EKSPEKTASY
Publisher : Institut Agama Islam Persis Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54801/w9d01r56

Abstract

In Tafsir al-Munir, Wahbah az-Zuhaili asserts that the principle of economic justice in Islam serves as a spiritual and social foundation that must color all mu’amalah (transactional) activities, wherein economic transactions should be based on the values of monotheism (tauhid), justice, prophethood, social responsibility, and an orientation toward the hereafter. Through his interpretation of QS. Al-Baqarah: 275, Wahbah highlights a firm prohibition against all forms of injustice, exploitation, and fraud in trade, particularly the practice of diminishing weights and measures. Natural shrinkage is still permissible as long as it is honestly disclosed to the buyer, while manipulative reduction intended to harm others is categorized as invalid (batil) and forbidden (haram). This study employs a qualitative-descriptive method based on library research, utilizing primary sources such as the Qur’an, hadith, and Wahbah az-Zuhaili’s tafsir, as well as secondary literature on Islamic economics. The findings indicate that Islamic economic justice demands transparency, honesty, and avoidance of unilateral exploitation, making legal regulation of weight reduction practices crucial for establishing a trading system that is not only legally valid but also ethical and meaningful according to sharia, in order to realize welfare and social justice in society
SWOT-Based Development Strategies for Micro, Small, and Medium Enterprises in Hutaraja Tinggi District SIREGAR, FITRI HANDAYANI
JOURNAL EKONOMI, KEUANGAN, PERBANKAN DAN AKUNTANSI SYARIAH Vol. 3 No. 1 (2024): Jurnal EKSPEKTASY
Publisher : Institut Agama Islam Persis Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54801/r2cdhe81

Abstract

Micro, Small, and Medium Enterprises (MSMEs) constitute the backbone of Indonesia’s economy—particularly in Hutaraja Tinggi District, Padang Lawas Regency—yet they face persistent constraints in access to capital, technology, market information, and skilled human resources. This study analyzes MSME development strategies using a qualitative SWOT approach to identify internal strengths and weaknesses and external opportunities and threats, and to formulate actionable strategies tailored to local conditions. Data were gathered through literature review, observation, and in-depth interviews with four business owners and one official from the District Office of Cooperatives, Industry, and Trade, with proportional sampling across enterprise types. Findings indicate key strengths in the availability of local raw materials, entrepreneurial drive, and distinctive products; principal weaknesses in limited financing, insufficient product innovation, and suboptimal marketing; opportunities in local government support, rising consumer purchasing power, and digital technology diffusion; and threats from intense competition, raw material price volatility, and shifting consumer preferences. The study recommends strategies focused on product quality upgrading, product diversification, the systematic use of digital marketing, and the strengthening of inter-organizational networks. Compared with prior studies that often isolate a single dimension (e.g., marketing or finance), this research offers a comprehensive, context-sensitive strategy set by integrating internal and external analyses within the SWOT framework, including attention to local socio-religious dynamics in a predominantly Muslim community.
The Influence of Product Quality and Price on Purchase Decisions (A Study of Students at STIE Stan Indonesia Mandiri Who Use Shopee). Rahmawati, Neng Riny; Rohmat, Deni
JOURNAL EKONOMI, KEUANGAN, PERBANKAN DAN AKUNTANSI SYARIAH Vol. 5 No. 1 (2026): JOURNAL EKSPEKTASy
Publisher : Institut Agama Islam Persis Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54801/bkw40686

Abstract

This study aims to examine and analyze the influence of product quality and price on purchasing decisions among students at STIE STAN Indonesia Mandiri who use the Shopee application. This study addresses a research gap regarding persistent inconsistencies in previous findings on the significance of price effects, as well as a notable scarcity of research specifically examining these factors among this targeted student population. This study employs a quantitative method. The population consisted of 610 students at STIE STAN Indonesia Mandiri, from which a sample of 86 respondents was selected. The statistical tests utilized include the simultaneous test (F-test), partial test (t-test), and determination coefficient. The results indicate that product quality has a positive and significant influence on purchasing decisions with a t-value of 2.824 and a significance level of 0.006. Price also demonstrates a positive and significant effect on purchasing decisions with a t-value of 4.979 and a significance level of 0.000. Simultaneously, both product quality and price have a positive and significant effect on purchasing decisions, evidenced by a significance level of 0.000. The coefficient of determination (R²) is 0.573, meaning that 57.3% of the variation in purchasing decisions can be explained by product quality and price, while the remaining 42.7% is attributed to other variables not included in this study. In conclusion, purchasing decisions among STIE STAN Indonesia Mandiri students fall into the good (high) category and are significantly influenced by both product quality and price.
Deconstructing Market Share Stagnation: The Dialectic of Regulation and the Dynamics of the Islamic Banking Ecosystem in Indonesia Putri Ningsi; Revi Mariska; Tasya Amalia; Ayu Ariska
JOURNAL EKONOMI, KEUANGAN, PERBANKAN DAN AKUNTANSI SYARIAH Vol. 5 No. 1 (2026): JOURNAL EKSPEKTASy
Publisher : Institut Agama Islam Persis Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54801/h6n56t53

Abstract

This study examines the historical dynamics, regulatory architecture, and competitive landscape between Islamic and conventional banking in Indonesia. Utilizing a qualitative approach based on library research, this study dissects the operational ontology of both systems using secondary data from authoritative academic literature and official documents from financial institutions (OJK and Bank Indonesia). The analytical findings reveal that Islamic banking offers a superior paradigm of distributive justice through profit-and-loss sharing schemes and egalitarian partnership bonds, serving as an antithesis to the fixed interest rate regime in the conventional system. Although supported by a robust regulatory framework (Law No. 21 of 2008) and cross-institutional supervisory synergy, Islamic banking continues to face significant structural challenges. The dominance of conventional banks has led to a stagnation of the Islamic banking market share at approximately 10% of total national banking assets. The primary constraints stem from low specific Islamic financial literacy, technological infrastructure gaps, and limited-service product innovation. This study concludes that to disrupt market hegemony, Islamic banking entities require interventions that transcend theological sentiments, namely the acceleration of inclusive digital transformation, competitive financial product engineering, and affirmative policy support from the state to fortify its role within the national financial architecture
Liability Management and Third-Party Fund Mobilisation in Indonesian Islamic Banks: A Systematic Literature Review of Wadiah and mudharabah Instruments Nuramelia; Nesa Sulistiawati; Sri Selvi Damayanti. S; Ayu Ariska
JOURNAL EKONOMI, KEUANGAN, PERBANKAN DAN AKUNTANSI SYARIAH Vol. 3 No. 2 (2024): JOURNAL EKSPEKTASy
Publisher : Institut Agama Islam Persis Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54801/4n03a141

Abstract

Liability management is a critical determinant of Islamic banking performance, since the deposit base mobilised through Sharia-compliant contracts primarily wadiah and mudharabah provides the structural foundation for financing intermediation. Despite the rapid expansion of Indonesia's Islamic banking sector, the conceptual literature on liability management for third-party funds (Dana Pihak Ketiga, DPK) remains scattered across textbooks, regulatory reports, and journal articles, with limited synthesis into a coherent framework. This study addresses this gap by conducting a systematic literature review of liability management practices in Indonesian Islamic banks, with particular focus on the operational characteristics, risk profiles, and managerial trade-offs associated with wadiah and mudharabah-based fund mobilisation. A PRISMA-inspired protocol was applied to identify, screen, and synthesise twenty-eight English- and Indonesian-language sources comprising peer-reviewed journal articles, regulatory reports, and authoritative textbooks published between 2001 and 2024. Sources were thematically coded along four analytic dimensions: contractual structure, product taxonomy, liquidity–profitability trade-offs, and macro-institutional determinants. The synthesis yields three principal findings. First, wadiah and mudharabah operate on substantively different risk-return architectures, with wadiah anchoring short-term liquidity through on-demand non-remunerated deposits and mudharabah supporting medium-to-long-term productive financing through profit-sharing investment accounts. Second, effective liability management requires a structural pairing between fund characteristics and asset deployment, mediated through Asset and Liability Management (ALMA) protocols that guard against maturity mismatch. Third, the success of fund mobilisation is conditioned not only by internal managerial competence but also by external factors public trust, Islamic financial literacy, service quality, and competitive positioning vis-à-vis conventional banks. The study contributes a consolidated conceptual framework for liability management in Indonesian Islamic banks and advances four practical recommendations and three priority directions for future empirical research.  
Analysis of Fund Management and Allocation Strategies in Islamic Banking Nur Shafiqah; Rahmi; Ayu Ariska
JOURNAL EKONOMI, KEUANGAN, PERBANKAN DAN AKUNTANSI SYARIAH Vol. 5 No. 1 (2026): JOURNAL EKSPEKTASy
Publisher : Institut Agama Islam Persis Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54801/pdgc3q14

Abstract

Fund management is a fundamental aspect of maintaining the stability and operational sustainability of banks. This study aims to examine various sources of bank funds, including core funds (capital) and external funds, and how the allocation of these funds is managed to support the intermediation function. The research method used is a literature review (library research) by analyzing secondary data from various scientific literature, books, and articles related to banking management. The results indicate that core funds derived from paid-in capital, reserves, and retained earnings serve as a risk buffer and an indicator of a bank’s health. Meanwhile, external funds mobilized from the public through savings, checking accounts, and deposits, as well as funds from financial institutions and investors, are the primary instruments for expanding financing capacity. Effective fund allocation requires a balanced strategy between loans, investments, and liquidity reserves to maintain public confidence and to comply with regulatory requirements. Thus, the integration of capital adequacy and proper fund allocation management is key to maintaining the integrity of the banking financial reporting system
Determination of Margin and Profit-Sharing Ratio in Maintaining Profitability of Islamic Banks Yuliana; Sukmawati; Ayu Ariska
JOURNAL EKONOMI, KEUANGAN, PERBANKAN DAN AKUNTANSI SYARIAH Vol. 3 No. 2 (2024): JOURNAL EKSPEKTASy
Publisher : Institut Agama Islam Persis Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54801/mtm10s11

Abstract

This study aims to analyze the determination of margin and profit-sharing ratio (nisbah) in maintaining the profitability of Islamic banks. Margin and nisbah represent two primary instruments in Islamic banking operational systems utilized to generate profits without violating Sharia principles. This study employs a qualitative method using a systematic literature review and descriptive analysis approach. Data was obtained from various relevant literature sources, including books, accredited journals, scientific articles, and official reports from financial authorities such as the Financial Services Authority (OJK). The analysis technique was conducted by examining and comparing related theories to obtain a systematic understanding of the relationship between margin determination, nisbah, and Islamic bank profitability. The results of murabahah indicate that margin determination in murabahah financing products must consider operational costs, financing risks, and market conditions, whereas the determination of the profit-sharing ratio must be based on principles of justice, transparency, and mutual agreement between the bank and customers. The balance between margin and nisbah is crucial for maintaining competitiveness while enhancing customer trust. Furthermore, this study reveals that financing continues to dominate the revenue structure of Islamic banks in Indonesia, which poses implications for the fundamental spirit of profit and loss sharing in Islamic banking. This study is limited to a literature review approach without empirical quantitative analysis. Future research is recommended to conduct empirical studies examining the direct impact of margin and nisbah determination policies on Islamic bank profitability using quantitative methods. The findings provide strategic guidance for Islamic bank management in designing optimal portfolio compositions between margin-based and profit-sharing-based financing to achieve sustainable profitability while remaining compliant with Sharia principles
Merger Strategy of Regional Development Bank Sharia Business Units (UUS BPD) to Enhance the Market Share of Islamic Banking in Indonesia Rohandi, Dadang
JOURNAL EKONOMI, KEUANGAN, PERBANKAN DAN AKUNTANSI SYARIAH Vol. 5 No. 1 (2026): JOURNAL EKSPEKTASy
Publisher : Institut Agama Islam Persis Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54801/tt645e07

Abstract

Indonesia's Islamic banking sector continues to face challenges in expanding its market share relative to conventional banking. As of 2023, the market share of Islamic banking assets remains below 11%, a figure far below the global Islamic financial market leader, Malaysia, at 31%. One critical structural bottleneck is the inadequate capitalization and fragmented operations of Sharia Business Units (UUS) belonging to Regional Development Banks (BPD). This article evaluates the strategic viability of consolidating all UUS BPD through a merger scheme as a means of accelerating the spin-off mandate under Law No. 21 of 2008 and POJK No. 12/POJK.03/2020. Using a quantitative approach with time-series analysis and the least squares method, this study projects the post-merger market share trajectory of Indonesian Islamic banking through 2023. Simulation results indicate that a merger of UUS BPD, with Bank BJB Syariah as the surviving bank, would increase the aggregate Islamic banking market share from 6.92% to approximately 9.33%, and the least squares projection suggests that with sustained growth, the 10.67% threshold is attainable by 2023. The merger model is further evaluated through the lens of Maqashid al-Shariah, demonstrating alignment with the five universal objectives of Islamic law. This study contributes to the scarce literature on BPD-specific Islamic banking consolidation strategy in Indonesia and provides actionable policy recommendations for regulators and stakeholders.
Sharia Compliance Analysis of Heavy Equipment Rental Services Based on Ijarah Provisions in Islamic Economics: A Case Study of CV Putra Jaya Mandiri, West Bandung Regency Ansori , Faisal
JOURNAL EKONOMI, KEUANGAN, PERBANKAN DAN AKUNTANSI SYARIAH Vol. 5 No. 1 (2026): JOURNAL EKSPEKTASy
Publisher : Institut Agama Islam Persis Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54801/gqzgf235

Abstract

The construction sector in Indonesia has experienced rapid growth, generating substantial demand for heavy equipment rental services. However, empirical research examining whether such rental practices conform to the principles of ijarah the Islamic contract governing the lease of usufruct remains limited, particularly in the context of conventional construction service companies. This study analyses the heavy equipment rental system at CV Putra Jaya Mandiri, a construction equipment rental firm in West Bandung Regency, West Java, against the normative provisions of ijarah in Islamic economics. A qualitative case study design was employed, with primary data obtained through in-depth interviews with the company's President Director, supplemented by participant observation and document analysis. Data were analysed using the Miles–Huberman interactive model, comprising data condensation, display, and conclusion drawing. The findings reveal that the existing rental system at CV Putra Jaya Mandiri operates through eight stages: registration and booking, verification and approval, rental contract, payment, equipment delivery and handover, monitoring and maintenance, equipment return, and transaction closure. Although the system is procedurally functional, it has not fully complied with the principles of ijarah, particularly regarding the explicit avoidance of  gharar (uncertainty), the structure of late-return penalties, and the documentation of contract elements. The study contributes to the literature on the operationalisation of muamalah principles in conventional Indonesian SMEs and recommends concrete reforms including transparent pricing, written and detailed ijarah contracts, ta'zir-based rather than riba-based late penalties, and clear documentation of usufruct transfer to align the company's practices with sharia provisions

Page 3 of 4 | Total Record : 34

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