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Elif Pardiansyah
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Equilibrium: Jurnal Ekonomi Syariah
Published by Institut Agama Islam Negeri Kudus
ISSN : 23550228     EISSN : 25028316     DOI : http://dx.doi.org/10.21043/equilibrium.v10i2.16539
Core Subject : Religion, Economy,
Religion Economics, Econometrics & Finance
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.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 227 Documents
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The Efficiency of Islamic Banks in the Middle East and Southeast Asia: Stochastic Frontier Approach Adawiyah, Robi'atul; Suhel, Suhel; Syathiri, Ahmad
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.v11i2.23224

Abstract

This research aims to compare and analyze the efficiency of Islamic banking in Southeast Asia and the Middle East by examining particular inputs such as third-party funds, operational expenses, labor costs, and return on assets, focusing on financing as the output. This quantitative study uses a purposive sampling technique to sample 30 sharia banks from Southeast Asia and 30 sharia banks from the Middle East from 2015 to 2022. The data used is secondary data from BankFocus and the annual financial reports of each bank. Data was processed using the Frontier 4.1 application with the Stochastic Frontier Analysis method. The results of this research show that the efficiency of sharia banking in the Middle East is higher than sharia banking in Southeast Asia. On the other hand, the return on assets has no impact on financing, but the input of third-party funds, operational expenses, and labor costs all have an impact. These findings show the importance of efficiently supervising the management of third-party funds and costs incurred by banks in order to improve banking performance. Hence, this will ultimately lead to an increase in the efficiency of sharia banking and a growth of banking profits.
Emerging Themes and Research Directions in Halal Fashion: A Bibliometric Study Aisya, Sitti; Syamsu, Nur
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.v12i1.23205

Abstract

This study aims to explore the trends and developments in Halal fashion studies published in Scopus-indexed journals. This study uses a quantitative method of bibliometric analysis to analyze the characteristics of articles, keywords, abstracts, authors, and related journals. This study analyzed a total of 17 articles written by 50 authors and published in 17 different journals. The results showed that research on the phrase Halal fashion experienced a significant increase from 2009 to 2023. In the source analysis category, the Journal of Islamic Marketing ranks top in Halal fashion publications in terms of impact measurement and total citations. Based on the author analysis category, it was found that Management and Science University and the University of Indonesia were the affiliations of authors who ranked first. The author's country affiliation places Indonesia in the first place, followed by China and Malaysia. In the document analysis category, Echchaibi's work published in 2009 ranked first in terms of citations. In the category of word analysis, the keywords that are widely used by the authors are Halal fashion, hijab, Islam, and Islamic marketing. The research makes a significant contribution to mapping trends in research related to Halal fashion.
The Effect of Bank Health on Profitability and Firm Value of Islamic Banks in Indonesia Andriani, Andriani; Abarahan, Anmisuhailah binti
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.v11i2.23356

Abstract

This study aims to determine the effect between bank health on profitability and firm value of Islamic Commercial Banks in Indonesia. This research employs a quantitative approach. Researchers conducted tests through the SPSS application and path analysis. The research included a total of 12 Islamic Commercial Banks for the financial year 2020-2022. The findings of this research demonstrate that RGEC (Risk Profile, Good Corporate Governance, Earnings, and Capital) have a simultaneous impact on bank health, specifically on profitaility through Return on Assets (ROA). Partially, only payments affect ROA. Meanwhile, other indicators of RGEC do not affect ROA. Partially, risk profile and earnings indicators affect Return on Equity (ROE). In contrast, two other indicators, namely good corporate profile and capital, do not affect ROE. Simultaneously, the influence of bank health on firm value is mediated by RGEC. Partially, the four RGEC indicators have no impact on firm value. In other tests, through the mediation flow, neither ROA nor ROE can mediate the effect of RGEC on firm value. Meanwhile, profitability through ROA and ROE affects firm value. The implications of this research significantly contribute to understanding the financial stability of bank health, its effect on profitability, its effect on firm value, and its contributions to the field of academic research.
The Influence of Halal Industry on Increasing Economic Growth in Islamic Countries Mustofa, Hafidz Zainul
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.v12i1.28208

Abstract

This study aims to analyze the halal industry's influence on economic growth in Islamic countries. The research gap in this study is that previous studies have indicated a diverse influence of halal industry variables on economic growth. Therefore, this study aims to provide a deeper understanding of the role of the halal industry in enhancing economic growth in Islamic countries. This study is quantitative research using secondary data categorized as panel data. The data consist of annual figures on Islamic Finance, Halal Food, Halal Travel, Halal Fashion, Halal Media and Recreation, and Economic Growth from 2014 to 2020 in 10 Islamic countries, obtained from the State of the Global Islamic Economy (SGIE) Report and the World Bank. The data analysis technique used is Panel VECM. The study results show that only the Islamic Finance variable positively affects economic growth in the short term. In contrast, the other variables show no effect or a negative effect on economic growth. 
The Effect of Sharia Monetary Instruments on the Profitability of Sharia Commercial Banks in Indonesia in 2019-2023 Ramadhan, Mohammad Ali; Masrifah, Atika Rukminastiti
EQUILIBRIUM Vol 12, No 2 (2024): EQUILIBRIUM
Publisher : Prodi Ekonomi Syariah Pascasarjana IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/equilibrium.v12i2.26361

Abstract

The purpose of this study is to evaluate the impact of Sharia Interbank Money Market (PUAS), Sharia Bank Indonesia Facility (FASBIS), and Sukuk Bank Indonesia (SukBI) on Return On Assets (ROA) of Indonesian Islamic Commercial Banks. This research uses a quantitative deductive approach using EViews 10 test tools and VAR / VECM techniques. This study uses secondary data with time series data from January 2019 to November 2023. The dependent variable in this analysis is ROA, while the independent variables are SukBI, FASBIS, and PUAS. Based on the research findings, over time, the SukBI variable significantly reduces the return on assets (ROA) of Indonesian ShariaCommercial Banks; on the contrary, the FASBIS variable has no significant effect on ROA, and the PUAS variable has no significant effect on ROA. The SukBI and FASBIS factors did not have a significant short-term impact on the ROA of Indonesian Islamic Commercial Banks. Meanwhile, the ROA of Indonesian Islamic Commercial Banks is significantly negatively affected by PUAS.
Prospects for the Development of Halal Culinary MSMEs in Encouraging Sustainable Business HS, Sufyati; Resti, Anggi Angga; Matondang, Nurhafifah; Ridwansyah, Muhamad; Priyatna, Muhammad Randhika
Equilibrium: Jurnal Ekonomi Syariah Vol 12, No 2 (2024): EQUILIBRIUM
Publisher : Prodi Ekonomi Syariah Pascasarjana IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/equilibrium.v12i2.28078

Abstract

Sustainable business refers to business practices that pay attention to social and environmental impacts in addition to financial returns. This research was conducted in Depok, West Java, as a satellite city of Jakarta, with a focus on halal culinary development. The factors studied include Halal Certification, Halal Practice Compliance, Green Marketing, and Performance of Halal Culinary MSMEs. Halal Culinary MSMEs ensure that all processes and ingredients comply with Islamic sharia principles, important for consumer confidence and improving the performance of the halal industry. The research objective is to measure the performance of Culinary MSMEs through halal certification, halal practice compliance, and green marketing. The research method uses a quantitative descriptive approach with a questionnaire to MSME players in Depok and data analysis using SmartPLS. The results showed that halal certification and green marketing have a positive and significant effect on the performance of culinary MSMEs in Depok, while compliance with halal practices has a positive but insignificant effect. Recommendations include improving halal certification access and processes, education on halal practice compliance, and effective green marketing strategies to support sustainable halal culinary development.
Street Vendors and Halal-Thayyib Business Practices: An Ethnographic Study in the Context of Religious Moderation Amaroh, Siti; Husnurrosyidah, Husnurrosyidah
EQUILIBRIUM Vol 12, No 2 (2024): EQUILIBRIUM
Publisher : Prodi Ekonomi Syariah Pascasarjana IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/equilibrium.v12i2.30369

Abstract

This study explores the understanding of street vendors in Kudus Regency regarding the halal-thayyib paradigm and the challenges they face in its implementation. The research was conducted with 11 informants from various areas: City Walk, Alun-Alun Simpang 7, Pasar Kliwon, Museum Kretek, and Bale Jagong. The data analysis technique used ethnographic analysis to describe the societal situation based on the meanings and values embraced. Observations reveal that street vendors encounter various obstacles, including limited sanitation facilities, the use of supplementary materials with uncertain halal status, and a lack of in-depth understanding of the halal concept. Most street vendors prioritize economic profit over adherence to halal principles. Nevertheless, street vendors have demonstrated increased awareness of halal through socialization and education programs. While halal certification appears to be an appealing prospect, they perceive the costs as high and the procedures as complex. The aspect of religious moderation is reflected in the tolerance among individuals of different faiths, where non-Muslim are aware of halal requirements but still require further education. This study suggests empowering street vendors through religious moderation as a solution to enhance their understanding of halal, while also meeting market demands and improving their economic welfare.
How Can Sharia-Compliant Investments Minimize Risk Without Sacrificing Returns? Prameswari, Amelia; Martia, Dina Yeni; Rois, Muhammad
EQUILIBRIUM Vol 13, No 1 (2025): EQUILIBRIUM
Publisher : Prodi Ekonomi Syariah Pascasarjana IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/equilibrium.v13i1.30187

Abstract

This research examines how sharia-compliant investments can minimize risk without sacrificing returns through portfolio optimization. Using the Single Index Model (SIM) and Capital Asset Pricing Model (CAPM), this study evaluates the performance of stocks in the IDX Sharia Growth index from November 2022 to October 2024. Data from 30 companies were analyzed, with stock returns based on daily closing prices, Bank Indonesia Certificates as a proxy for risk-free returns, and the Composite Stock Price Index for market returns. Stocks were ranked based on Excess Return to Beta (ERBi), and the optimal portfolio was determined using the cut-off rate. The results show that the SIM portfolio (12 stocks) offers higher returns with lower risk, while the CAPM portfolio (15 stocks) provides similar returns to individual stocks but with lower risk. The findings confirm that sharia-based portfolio optimization effectively reduces risk while maintaining returns, providing valuable insights for investors seeking sharia-compliant financial strategies.
Sharia Service Strategy Model Based on Islamic Business Ethics Frastuti, Melia; Ritonga, Iskandar; Utami, Tri Niswati; Saputera, Satria; Veny, Harumi
EQUILIBRIUM Vol 13, No 2 (2025): EQUILIBRIUM
Publisher : Prodi Ekonomi Syariah Pascasarjana IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/equilibrium.v13i2.34907

Abstract

This study addresses the lack of an integrated model connecting Sharia compliance, Islamic business ethics, service quality, and social benefits in Islamic private hospitals. Using the Analytic Network Process (ANP) and expert judgments from hospital managers and regulators in Pekanbaru, the research develops a Sharia service strategy model grounded in Islamic business ethics.The findings show that Service Quality has the highest priority (0.261), followed by Maslahah (Social Benefits) (0.252), Sharia Compliance (0.246), and Islamic Business Ethics (0.241), indicating that all dimensions are equally important and mutually reinforcing. This study offers an original integrative framework that combines ethical, regulatory, operational, and social aspects, providing theoretical contributions to Islamic healthcare governance and practical guidance for strengthening Sharia-based hospital services.
The Nexus of Sharia Financial Literacy, Inclusion, and Technology with SME Performance: A Study in East Java Arzety, Happy Miranda; Sukmaningrum, Puji Sucia
EQUILIBRIUM Vol 12, No 2 (2024): EQUILIBRIUM
Publisher : Prodi Ekonomi Syariah Pascasarjana IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/equilibrium.v12i2.28577

Abstract

SMEs are a business sector with an important role in the economy with significant contributions to Gross Domestic Product (GDP) and job creation, including in East Java Province as one of the provinces with the 3rd largest number of SMEs in Indonesia. However, the increase of SMEs in Indonesia requires SMEs to survive in a very tight competition. In surviving the competition, the main challenges faced by SMEs to improve their innovation and performance include access to financial resources, ineffective understanding and management of financial management, and utilization of financial products and services. Therefore, the purpose of this study is to analyze the effect of Islamic financial literacy, financial inclusion and sharia financial technology on the performance of SMEs in East Java. This study uses a quantitative approach with a sample of 100 people. The analysis technique used is SEM-PLS. The results of study indicate that the performance of SMEs in East Java has a significant effect on Islamic financial literacy, financial inclusion, and sharia financial technology. In addition, there is also mediating effect of financial inclusion on Islamic financial literacy and sharia financial technology on the performances of SMEs in East Java. With this research, it is expected that there will be more education and training programs on Islamic financial literacy, create policies that can encourage financial inclusion and innovate sharia financial technology products adapted to the needs of SMEs through collaboration between the government, Islamic financial institutions, and the community.

Page 21 of 23 | Total Record : 227

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