cover
Contact Name
Mohamad Toha
Contact Email
motoha013@gmail.com
Phone
+623216855722
Journal Mail Official
iijse.ikhac@gmail.com
Editorial Address
Jalan Raya Tirtowening Jl. Raya Tirtowening Pacet No.17, Bendorejo, Bendunganjati, Kec. Pacet, Kabupaten Mojokerto, Jawa Timur 61374
Location
Kab. mojokerto,
Jawa timur
INDONESIA
IIJSE
ISSN : -     EISSN : 2621606X     DOI : https://doi.org/10.31538/iijse
Core Subject : Economy,
The Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) is Sharia Economics Journal published by Sharia Economics Department Institut Pesantren KH. Abdul Chalim, Mojokerto. The Journal focuses on the issues of Sharia Economics, the History of Islamic Economic Thought, Islamic Law, Local Wisdom in Sharia Economic Perspective, and others related to Sharia economics. The journal is published periodically triannually in March, July, and November. Guidance for submission: ֎ The manuscript submitted to IIJSE must never be published elsewhere. ֎ The IIJSE is published in English. ֎ The articles must be submitted via OJS in Microsoft Word format. ֎ The articles should follow APA reference, with the body note, max 4000 words, and APA citation style.
Articles 2,403 Documents
Feasibility Analysis of Tanjung Enim Hotel Investment in the Tanjung Enim Mining Unit Area of PT Bukit Asam Tbk Asharyanto, Hudan; Darmansyah, Asep
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 1 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v9i1.8551

Abstract

This study analyzes the investment feasibility of a proposed 4-star hotel development on idle land owned by PT Bukit Asam Tbk (PTBA) in Tanjung Enim, South Sumatra, as part of the company's strategic initiative to optimize non-productive assets and diversify beyond coal mining. Utilizing a mixed-method approach, the research integrates qualitative methods such as case benchmarking, document review, and SWOT analysis with quantitative financial modeling, including Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period, and Profitability Index (PI). Data were collected from both internal and external sources, including macroeconomic indicators, market trends, and comparable hotel benchmarks. Findings indicate strong legal and strategic feasibility, with the project aligned with zoning regulations and backed by full land ownership, eliminating legal uncertainties. Market analysis highlights robust demand driven by PTBA's industrial ecosystem and limited regional hotel competition. Financially, the hotel is viable with a projected NPV of IDR 17.291 billion, IRR of 14.80%, Payback Period of 8.88 years, and PI of 1.27. However, sensitivity analysis reveals significant vulnerabilities to room rates, banquet pricing, and occupancy levels. Therefore, strategic pricing, demand forecasting, and risk mitigation are essential. Overall, the project demonstrates strong investment potential, contingent upon effective operational and risk management strategies.
The Influence of Green Accounting, Environmental Performance, and Environmental Disclosure on Financial Performance Agusta, Tony
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 1 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v9i1.8567

Abstract

This study aims to analyze the influence of green accounting, environmental performance, and environmental disclosure on financial performance. This study uses a purposive sampling method, which is a technique for selecting samples as data sources based on specific considerations or reasons. Secondary data was obtained from the website www.idx.com. The population used was mining companies registered in 2018 and 2022. Of these criteria, 25 companies met the sample criteria. Data were analyzed using the inner method and hypothesis testing. The results of the study indicate a positive and significant influence of green accounting, environmental performance, and environmental disclosure on financial performance.
The Moderating Role of Financial Literacy in the Relationship between Market Sentiment, Social Media, and Generation Z’s Cryptocurrency Investment Decisions Anugerah, Rheiza Marell; Nirawati, Lia
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 1 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v9i1.8585

Abstract

The rapid expansion of cryptocurrency has captivated Generation Z, yet its high volatility means investment decisions are strongly influenced by market sentiment indicators like the Fear and Greed Index (FGI) and social media information. Limited financial literacy can intensify behavioral biases. This study examines the effects of FGI and social media on Generation Z’s cryptocurrency investment decisions, with financial literacy as a moderating variable. Using a quantitative approach, data were collected from 152 active cryptocurrency investors in the past six months via a Likert-scale questionnaire. Analysis was conducted using Partial Least Squares-Structural Equation Modeling (PLS-SEM) with SmartPLS 4 (v.4.1.1.4). Results show that both FGI and social media have significant positive effects on investment decisions. Financial literacy has a direct positive effect and significantly moderates the influence of both FGI and social media, attenuating the impact of sentiment and online information by fostering more rational decision-making. These findings highlight the importance of improving financial literacy to reduce emotional bias and enhance the quality of Generation Z’s investment decisions in the cryptocurrency market.
Engaging Generation Z with Virtual Heritage: How Authenticity and Telepresence Drive Continuance Intention Abas, Novel Idris; Puspawati, Dewita; Mardalis, Ahmad
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 1 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v9i1.8607

Abstract

In response to the declining interest of Generation Z in heritage tourism, Virtual Reality (VR) technology offers a promising solution to revive cultural appreciation. This study aims to test a behavioral model that explains the driving factors of continuance intention towards virtual heritage tourism platforms among this demographic. Adopting the Stimulus-Organism-Response (S-O-R) framework, quantitative data were collected from 195 Generation Z respondents in Indonesia through an online questionnaire and analyzed using PLS-SEM. The analysis results show that authenticity and interactivity (stimulus) have a significant positive effect on continuance intention (response), both directly and indirectly through the key mediating role of telepresence (organism). Specifically, authenticity was found to be the strongest predictor in creating telepresence. This study concludes that to ensure long-term engagement, virtual heritage experiences must focus on providing authentic and immersive content, instead of simply relying on the novelty of the technology itself.
The Effectiveness of the Use of the State Civil Apparatus E-Performance System in the Staffing and Human Resource Development Agency of Serdang Bedagai District Wiradhana, Agung; Ritonga, Syafruddin; Lubis, Maksum Syahri
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 1 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v9i1.8614

Abstract

This study aims to analyze the effectiveness of using the e-performance system in improving the performance of the State Civil Apparatus (ASN) at the Serdang Bedagai Regency Personnel and Human Resources Development Agency (BKPSDM). The e-performance system is implemented as an instrument of bureaucratic reform to improve transparency, accountability, and efficiency of ASN performance assessment. The research method used is qualitative with a case study approach, involving in-depth interviews, observation, and documentation. The results showed that the implementation of e-performance has a positive impact on productivity and the quality of public services. Obstacles faced include limited technological infrastructure, resistance to change, and a lack of technical training. Recommendations include increasing technological capacity, providing ongoing training, and intensive socialization so that the system can be optimized sustainably.
Leveraging Supply Chain Integration for Operational Excellence: The Mediating Role of Product Innovation Capability in Indonesian Apparel SMEs Muzaky, Mohamad Adnan; Nursyamsiah, Siti
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 1 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v9i1.8615

Abstract

This study investigates the effect of supply chain integration, comprising internal, supplier, and customer integration, on operational performance, with product innovation capability as a mediating variable, in Indonesian apparel SMEs. Using a quantitative approach, survey data were collected from 151 respondents selected through purposive sampling and analyzed using Partial Least Squares Structural Equation Modelling (PLS-SEM). The results reveal that all three dimensions of supply chain integration positively and significantly enhance product innovation capability, which in turn strongly improves operational performance. Furthermore, product innovation capability mediates the relationship between each integration dimension and operational performance, underscoring its role as a strategic link between supply chain coordination and performance outcomes. The findings contribute to the literature by integrating the dynamic capability perspective into the supply chain innovation performance nexus and highlight the need for SMEs to strengthen both integration and innovation capabilities to achieve operational excellence and competitiveness. Practical implications and recommendations for future research are also discussed.
Strategic Business Development Through Product Differentiation: Case Study PT Galang Prakarsa Sodara (GPS) Pulunggono, Ahmad Heko; Harianto, Harianto; Asnawi, Yudha Heryawan
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 1 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v9i1.8621

Abstract

This study aims to improve PT GPS’s business strategy by (1) examining the internal strengths and weaknesses, and external opportunities and threats; (2) formulating alternative strategies using SWOT; and (3) prioritizing strategies with the Advanced SWOT (A’WOT) method. Primary data were collected from nine purposively selected experts via interviews, questionnaires, and field observations. Secondary data came from company records, government publications, and industry reports. Analyses used VRIO and Porter’s Five Forces, followed by IFE and EFE matrices. The SWOT matrix generated strategies, and A’WOT determined priorities. The IFE-EFE placed PT GPS in Quadrant II (grow and build) of the IE matrix. Nine strategies emerged, with the top four priorities: (1) optimizing product quality and variety (ST1), (2) expanding market penetration via distribution optimization (SO1), (3) developing innovative product variations for new segments (SO2), and (4) enhancing monitoring and branding in distribution channels (WO1). PT GPS’s competitive position can be strengthened by focusing on product differentiation, expanding distribution reach, and continuous innovation. Improving branding and product monitoring will reinforce market presence and customer loyalty. Implementing these strategies in sequence will enable sustainable growth and resilience against competitive pressures in the meatball industry. This research enriches MSME strategy literature by integrating VRIO, Porter’s Five Forces, SWOT, and A’WOT for objective strategy prioritization in processed food markets. Keywords: A’WOT, meatball, positioning, product differentiation, SWOT.
The Influence of Profit Sharing, Promotion, and Service on Members' Decision-Making in Working Capital Financing at BMT Istiqlal with Company Image as an Intervening Variable Arzaq, Ahmad Yusril; Kholidah, Nur
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 1 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v9i1.8624

Abstract

This research seeks to examine how profit-sharing, promotional activities, and service quality affect decisions regarding working capital financing at BMT Istiqlal Pekalongan, with corporate image as an intervening variable. The background of this study is based on the strategic role of BMT in providing sharia-based financing for business actors, amid challenges to public image and trust due to external conditions in the sharia microfinance industry. The study employs a quantitative method using the Structural Equation Modeling-Partial Least Squares (SEM-PLS) approach on 100 respondents who are financing customers. The analysis findings indicate that profit sharing has a significant positive effect on customer decisions and corporate image; promotion has a positive but insignificant effect on customer decisions and corporate image; service has a negative and insignificant effect on customer decisions, but a significant positive effect on corporate image. Company image was found to have a significant positive effect on customer decisions and significantly mediated the effect of service on customer decisions, but did not mediate the effects of profit sharing or promotion. These findings indicate the importance of strengthening a fair profit-sharing system, providing quality service, and implementing consistent promotional strategies to enhance trust and financing decisions at BMT Istiqlal.
Analysis of the Influence of Halal Certification on Improving the Performance and Profitability of SMEs in Surakarta Purwanto, Purwanto; Cholis, Muhammad
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 1 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v9i1.8661

Abstract

Halal certification is a strategic issue for the development of SMEs in Indonesia in increasing competitiveness and market access. This study analyzes the influence of halal certification on the performance and profitability of SMEs in the city of Surakarta. The mixed method approach was used by distributing questionnaires to 70 SMEs (42 halal-certified, 28 non-certified) and in-depth interviews with SMEs actors and sharia economists. Quantitative data were analyzed using correlation and regression tests, while qualitative data were analyzed by triangulation for validation of findings. The results showed a significant positive effect of halal certification on operational performance (r₁ = 0.687), marketing performance (r₂ = 0.732), and profitability (r₃ = 0.573) with p < 0.01. Halal certification improves performance through expanding institutional market access, premium pricing, and increasing consumer confidence. Qualitative findings confirm that halal certification serves as a quality signal and effective product differentiation. Implementation faces the challenges of high costs, procedural complexity, and limited human resources. The research recommends government subsidy programs, simplification of certification procedures, and the development of halal business clusters to optimize the impact of halal certification for Surakarta SMEs.
Analysis of Key Determinants of Mobile Banking Usage: A Structural Equation Modeling (SEM) Approach Based on the Technology Acceptance Model (TAM) Azhar, Daffa Al; Martutiningrum, Dwi
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 1 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The financial services industry, particularly the banking sector, has experienced rapid growth in line with increasing consumer demands, competitive pressures, and technological advances. The innovations resulting from these dynamics play an important role in creating services that are easier to use and provide tangible benefits to users. These two perceptions are key to driving the wider and more sustainable adoption of digital banking services. This study aims to investigate the relationship between perceived ease of use, perceived usefulness, attitude, and intention to use regarding mobile banking usage. TAM is used as the primary theory in this study. The research methodology employs a quantitative approach with purposive sampling, yielding 250 samples. The research data was analyzed using Partial Least Squares-Structural Equation Modeling (PLS-SEM) with SmartPLS 4 software. The findings show that perceived ease of use significantly influences perceived usefulness, and both contribute positively to attitude. Furthermore, perceived usefulness was found to increase intention to use, which ultimately drives mobile banking usage in the use of mobile banking services. This study contributes to the marketing literature on the adoption of digital services by users, particularly in the context of mobile banking usage. Practically, this study emphasizes the importance of feature innovation, service quality improvement, and user experience optimization to enhance customer satisfaction, engagement, and loyalty amid the increasingly competitive digital banking services market. Practically, this research emphasizes the importance of developing user-friendly features that provide tangible benefits to users, to drive adoption and build customer loyalty in the face of increasingly competitive digital banking services.