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Contact Name
Elif Pardiansyah
Contact Email
elfardianzyah@untirta.ac.id
Phone
+6281391257400
Journal Mail Official
fauzanadim@iainkudus.ac.id
Editorial Address
Gedung Pascasarjana, Institut Agama Islam Negeri (IAIN) Kudus Jalan Conge Ngembalrejo Kotak Pos 51 Kudus 59322
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Kab. kudus,
Jawa tengah
INDONESIA
Equilibrium: Jurnal Ekonomi Syariah
Core Subject : Religion, Economy,
This journal encompasses original research articles, review articles, and short communications, including: Islamic Accounting, Islamic Bussines Management, Islamic Human Resource Management, Islamic Economics, Islamic Banking and Finance.
Articles 227 Documents
Assessing the Empowerment of Mosques with the Maqashid Sharia Index Jajuli, M. Sulaeman; Misno, Misno; Susilawati, Erni
Equilibrium: Jurnal Ekonomi Syariah Vol 11, No 2 (2023): EQUILIBRIUM
Publisher : Prodi Ekonomi Syariah Pascasarjana IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/equilibrium.v11i2.23181

Abstract

This study aims to assess the mosque empowerment index formula based on Maqashid Sharia. This formula serves as an instrument to measure the level of mosque empowerment in Bogor, Indonesia. It consists of six criteria based on the Maqashid Sharia, including protecting religion, life, intellect, lineage, property, and the environment. The data analysis technique employs the Analytical Network Process (ANP) in conjunction with the Super Decision 2.10 software to construct the index model structure. The results of the formula calculation in each of the three model mosques revealed significant discrepancies. The Andalusia Mosque has achieved a remarkable score of 0.96, positioning it as the top-ranking mosque in terms of its significant degree of empowerment within the local community. The following mosque is the Ar-Rahman Mosque, which has a value of 0.69 and is classified as an empowered mosque. Finally, the Al-Muhaajirin mosque has a value of 0.57, indicating that it belongs to the group of quite empowered mosques and can be given priority consideration for help in the future. Specifically, this study becomes the first comprehensive assessment of mosque empowerment in Indonesia by utilizing the Maqashid Sharia Index across three mosques.
Assessing the Dynamics of Sukuk Research on Scopus Database: A Bibliometric Analysis and Systematic Literature Review Arif, Arif; Mulyati, Sri; Handoko, Lukman Hakim
Equilibrium: Jurnal Ekonomi Syariah Vol 12, No 1 (2024): EQUILIBRIUM
Publisher : Prodi Ekonomi Syariah Pascasarjana IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/equilibrium.v12i1.26427

Abstract

This research aims to determine the dynamics of sukuk research on the Scopus database. This research has three novelties: choosing more complex keywords, standardizing keywords, and explaining complex future research findings. This research employs a mixed method, using both quantitative and qualitative approaches. The quantitative method in this research uses simple statistical techniques through bibliometric analysis. Meanwhile, the qualitative method uses a systematic literature review approach. This research uses secondary data taken from the Scopus database. The data analysis software used is VOSviewer. The research results show that based on its distribution, research on sukuk was first published in 2007, and as of October 2023, there were 524 documents. Based on productivity, the most productive writer is Nader Naifar from Imam Mohammad Ibn Saud Islamic University (14 documents), Malaysia's most productive country (170 documents). Based on his popularity, the most popular author is Godlewski C.J. (186 citations). Based on trends, the frequently appearing keywords are sukuk, the newly used keywords are green finance, and the rarely used keywords are blockchain. Based on future research directions, there are recommendations for 96 topics that can be researched. This research is beneficial for future sukuk research and supporting global sukuk practice.
Islamic Financial Management Behavior Mediates Sharia Financial Literacy and Investment Behavior Ardiansyah, Ardiansyah; Hamzah, Aksi; Karyono, Otong
Equilibrium: Jurnal Ekonomi Syariah Vol 12, No 1 (2024): EQUILIBRIUM
Publisher : Prodi Ekonomi Syariah Pascasarjana IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/equilibrium.v12i1.24931

Abstract

The main objective of this research is to contribute to the literature by focusing on the relationship between Islamic financial literacy and investment behavior while identifying the mediating effect of Islamic financial management behavior among millennial generations. This study adopts a quantitative research design. Data for this research were obtained through the distribution and completion of questionnaires by millennials in South Sulawesi. The questionnaire distribution took place over a span of 3 months (September-October 2023). The population in this study consists of millennials in South Sulawesi, and the sampling technique employed is purposive sampling. SmartPLS version 4 is utilized as the data analysis tool. The results of the research show that Sharia financial literacy has a positive and significant effect on Islamic financial management behavior, Islamic financial management behavior has a positive and significant effect on investment behavior, Islamic financial management behavior has a positive and significant effect in mediating the relationship between sharia financial literacy and investment behavior, and sharia financial literacy has no effect on investment behavior.
Does Financial Technology Increase The Efficiency of Zakat Management Organizations or Other Factors? Aziz, Roikhan Mochamad; Hidayat, M Fahmi; Salsabila, Fauziyah Latiefa
EQUILIBRIUM Vol 11, No 2 (2023): EQUILIBRIUM
Publisher : Prodi Ekonomi Syariah Pascasarjana IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/equilibrium.v11i2.22616

Abstract

The purpose of this research is to analyze the efficiency of Zakat Management Organizations (ZMO) in utilizing financial technology to increase the collection and distribution of Zakat. Data was obtained from 4 social finance organizations that utilize financial technology: National Amil Zakat Agency (NAZA), Nahdathul Ulama (NU Care), Dompet Dhuafa, and Rumah Zakat between 2018-2019. The methodology used an efficiency approach with the Data Envelopment Analysis (DEA) tool. Operational variables are total operating and socialization costs as input variables, while Zakat’s entire collection and distribution are the output variables. The results are the 4 ZMOs based on Financial Technology, such as NAZA, NU Care, Dompet Dhuafa, and Rumah Zakat, indicate that NU Care is the most efficient ZMO with a score of 1.00 throughout 2018-2019 because it can decrease input costs and optimize output due to its large mass base and volunteer programs up to the village level. Meanwhile, other ZMOs experience inefficiency with a score below 0.60, which occurs due to the use of disproportionate inputs and outputs due to ZMOs having multiple roles and a relatively equal ZMO donor base, which causes competition among ZMOs. Hahslm Analysis proves that optimizing ZMO input and output is by using resources in a balanced way by minimizing costs and maximizing income, which is an important factor outside financial technology.
The Determinants of SMEs Intention to Adopt Sharia Crowdfunding for Financing Solutions Alvina, Chintia; Sumardi, Sumardi; Al Azizah, Ummu Salma
EQUILIBRIUM Vol 12, No 1 (2024): EQUILIBRIUM
Publisher : Prodi Ekonomi Syariah Pascasarjana IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/equilibrium.v12i1.26125

Abstract

This study aims to identify the variables that influence SMEs' decisions to use sharia crowdfunding in Indonesia as a source of funding. This research focuses on SMEs in Indonesia, which are rarely investigated in the existing literature on sharia crowdfunding. In addition, this study applies the technology acceptance model (TAM), which has not been widely used to identify factors that encourage the adoption of sharia crowdfunding. This study also employs non-probability sampling techniques in conjunction with a quantitative methodology. The data in this study were obtained through a questionnaire survey of 293 respondents obtained from SME owners and managers. The data analysis was conducted using PLS-SEM, while data processing was executed using SmartPLS 3.0. This research assists the government in designing programs and policies to encourage the expansion of SMEs in Indonesia through funding solutions with sharia crowdfunding. Therefore, SMEs have no difficulty in securing funding for their business.
The Analysis of the Islamic Community Member Engagement Based on Instagram Content Types Nasuka, Moh; Wijaya, Tony; Hidayat, Anas; Muhamed, Nurul Aini
EQUILIBRIUM Vol 11, No 2 (2023): EQUILIBRIUM
Publisher : Prodi Ekonomi Syariah Pascasarjana IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/equilibrium.v11i2.23135

Abstract

This study aims to determine differences in the level of Islamic community member engagement based on Instagram content types, namely photos, videos, and carousels. The results of this research are expected to contribute to social media users, especially Instagram, in determining the most appropriate types of content posts. This study is an ex post facto and uses secondary data from all posts of the most popular smartphone application-based Islamic community accounts in Indonesia, resulting in a total of 18,026 posts. Engagement rate is measured based on the number of likes and comments. Data is collected by documenting secondary data on Instagram. The sampling technique used was purposive sampling with the criteria of prioritizing new posts over old ones, considering that new posts tend to have a higher engagement; thus, the data will be more easily observed. The data analysis technique used is ANOVA. The findings demonstrated that there were notable distinctions in the number of likes and comments between photo posts and video posts, that photo posts had a higher degree of engagement than video posts, and that there were notable distinctions in the number of likes and comments between photo posts and carousel posts. Regarding likes and comments, photo posts receive more than carousel posts, and there is no difference between carousel posts and video posts; carousel posts and video posts receive the same amount of engagement. Based on the findings, it can be suggested that Islamic community managers pay attention to the choice of content type when uploading a post to an Instagram account to get optimal engagement. In addition, posting a single image often elicits more attention or engagement compared to video posts and carousels as well.
Antecedents of Customer Satisfaction in Increasing Muslim Customer Loyalty in Halal Restaurants Mamuaya, Nova Ch.; Pandowo, Aditya
EQUILIBRIUM Vol 12, No 1 (2024): EQUILIBRIUM
Publisher : Prodi Ekonomi Syariah Pascasarjana IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/equilibrium.v12i1.21851

Abstract

This research integrates product quality and perceived price with halal labeling to increase insight into purchasing behavior in consuming halal products. This study aims to explore the role of Muslim consumer satisfaction as well as its antecedents and consequences. The sample in this study was 100 Muslim respondents who visited fast food restaurants at least twice in the last month and were 18-25 years old. Data collection was carried out using a questionnaire survey around the city of Manado. The analysis technique used is the Structural Equation Model with Partial Least Square. The results showed that halal labeling, perceived price, product quality, and satisfaction had a significant effect on loyalty directly. In contrast, the indirect effect shows that perceived price does not significantly influence loyalty through satisfaction. The results of this study prove that the relationship between young Muslim consumers' satisfaction with the halal label and product quality can strengthen their loyalty. Therefore, companies must continue to maintain customer satisfaction. This research has certain limitations, namely that it focuses only on fast-food restaurants in Manado City and has only explored the mediating role of customer satisfaction. Practitioners and academics need to do further research in the future, especially in the context of halal products.
The Influence of Receivables, Financing, and Non-Profit Sharing on the Profitability of Sharia Commercial Banks in Indonesia Farida, Ida; Putri, Tutik Sukmalasari; Susianti, Nurul; Fitriani, Fitriani
EQUILIBRIUM Vol 11, No 2 (2023): EQUILIBRIUM
Publisher : Prodi Ekonomi Syariah Pascasarjana IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/equilibrium.v11i2.20361

Abstract

This study aims to assess the impact of receivables, financing, and non-profit sharing on the profitability of Sharia Commercial Banks in Indonesia during the 2020-2022 period. The study includes Chow tests and classic assumption tests by employing a quantitative research approach with a multiple linear regression data analysis model. Secondary data is gathered from quarterly financial statements of four Sharia Commercial Banks that meet the necessary criteria and are registered with the Indonesia Financial Services Authority (OJK). The findings indicate that Qardh receivables and Musharakah financing positively and significantly influence profitability. However, Murabahah receivables, Musharakah financing, and non-profit sharing do not significantly impact the profitability of Islamic commercial banks during the specified period. In conclusion, variables such as Qardh, Murabahah, Mudharabah financing, Musharakah, and non-profit sharing are significant factors that affect profitability. This study suggests a need for increased attention to factors influencing financing and emphasizes that a comprehensive understanding of non-profit sharing can enhance the distribution of financing funds, consequently improving the profitability and performance of Islamic banks.
What Strategies are Employed in the Implementation of Sharia Bank Green Banking? Syarvina, Wahyu; Tarigan, Azhari Akmal; Marliyah, Marliyah
EQUILIBRIUM Vol 11, No 2 (2023): EQUILIBRIUM
Publisher : Prodi Ekonomi Syariah Pascasarjana IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/equilibrium.v11i2.23004

Abstract

Green banking is an approach that aims to mitigate market competition and preserve the environment since the banking sector is reliant on a healthy environment for its sustainability. If the banking sector does not implement this, it will increase legal risks, financing risks, and the bank's reputation. This research aims to find out the green banking development strategy of Sharia banks in Indonesia, along with the problems and potential solutions for its implementation. This research employs the Analytic Network Process (ANP) method and is processed using the SuperDecision software. The findings of this study reveal that Islamic banking in Indonesia has three distinct problems: The primary focus is on regulatory issues, followed by human resources problems, and subsequently, governance matters. Respondents have a rater agreement of W = 0.10345. The best solution to overcome the problem of developing green banking for Islamic banks in Indonesia is a human resources solution, followed by a regulatory solution and a governance solution. The level of respondent agreement or rater agreement W = 0.05461. Strategies for developing green banking for Sharia banks in Indonesia include improving the quality of human resources, implementing government support initiatives, and strengthening governance systems. Respondents have a rater agreement of W = 0.04598. Strategies for developing green banking for Sharia banks in Indonesia include strategies for improving the quality of human resources through employee green training and capabilities, strategies for implementing government support initiatives through the establishment of policies that facilitate the enactment of green banking in Sharia banks, and strategies for strengthening governance system by complying with the precautionary principle for an excellent image of Sharia banks.
Exploring Monetary Policy Effectiveness in Indonesia's Inflation: Conventional and Islamic Perspective Wulandari, Neni Sri; Kurniaputri, Mega Rachma; Muhammad, Mumuh
EQUILIBRIUM Vol 11, No 2 (2023): EQUILIBRIUM
Publisher : Prodi Ekonomi Syariah Pascasarjana IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/equilibrium.v11i2.22928

Abstract

This study aims to compare the effectiveness of Islamic and conventional monetary policies in addressing inflation in Indonesia. This research is driven by the lack of comprehensive examination of the effectiveness and nuances of the dual monetary system. Additionally, the dynamics of dual monetary policies become the research gap that needs to be addressed for a more nuanced understanding of Indonesia's monetary landscape. Using the Vector Autoregression/Vector Error Correction Model and analyzing time series data from January 2013 to December 2021, the research reveals that neither sharia nor conventional instruments have immediate effects on inflation. However, specific sharia financial instruments substantially impact inflation dynamics in the long term. The study delves into the intricate relationship between these monetary instruments and inflation, shedding light on their nuanced contributions to the economic landscape. This comprehensive analysis contributes valuable insights for policymakers, economists, and stakeholders seeking a nuanced understanding of the dynamics between monetary policy and inflation in Indonesia.