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 2,568 Documents
The Effect of Digital Literacy and Financial Literacy on Financial Behavior Case Study of Students at Terara State High School 1, Class of 2023 Anggraeni, Baiq Nini Pratiwi; Wardani, Laila
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.v9i1.9208

Abstract

This study explores how digital literacy and financial literacy contribute to shaping students’ financial behavior. Using a quantitative design with a structural model approach, data were collected through questionnaires to measure the influence of both literacy variables on financial decisions made by students. The findings reveal that digital literacy plays a crucial role in enabling students to use digital financial tools effectively, while financial literacy strengthens their ability to manage income, expenses, and financial risks. Both variables show a significant positive effect on financial behavior, indicating that students with higher literacy levels tend to behave more responsibly in managing personal finances. These results highlight the importance of integrating digital and financial education within the school environment to support students' financial readiness in the digital era.
Regulatory Oversight, Firm Characteristics, and Audit Quality: Evidence From Indonesia’s Post Pandemic Energy Sector Estri, Siwi Rawidya; Rofiqoh, Ifah
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.v9i1.9213

Abstract

Regulatory transformation and increasing reporting complexity in Indonesia’s post pandemic energy sector highlight the need for a clearer understanding of the factors that influence audit quality. Previous studies report inconsistent findings regarding the effects of audit tenure, audit rotation, firm size, and the audit committee’s effectiveness, raising the question of whether auditor characteristics or client characteristics play a more dominant role. This study aims to examine the effects of audit tenure, audit rotation, and firm size on audit quality and to evaluate whether the audit committee moderates these relationships in energy companies listed on the Indonesia Stock Exchange. A quantitative approach was employed using purposive sampling, resulting in 46 sample firms observed from 2021 to 2024. Logistic regression was used to analyze audit quality proxied by audit opinion. The results show that audit tenure and audit rotation have no significant effect on audit quality, while firm size exhibits a strong and significant positive effect. Moreover, the audit committee does not moderate the relationship between the independent variables and audit quality. These findings indicate that in a strengthened regulatory environment characterized by intensified OJK oversight and consistent SPAP enforcement client characteristics, particularly firm size, play a more decisive role in determining audit quality than auditor characteristics. Theoretically, this study refines agency theory within mature regulatory settings, and practically, it offers guidance for auditor oversight policies, and corporate governance enhancement in the energy sector.
The Effect of Product Quality, Service Quality, and Price on Customer Satisfaction and Loyalty at CV. Bandung Clothing Factory Pramudia, Wizaldi; Jaelani, Evan
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.v9i1.9263

Abstract

This study aims to analyze the influence of product quality, service quality, and price on customer satisfaction and loyalty at CV. Pabrik Baju Bandung. Customer satisfaction is an important factor in building long-term loyalty, while product quality, service quality, and price are the main variables that influence customer perception. This study uses a quantitative approach with a survey method. The study population was all customers of CV. Pabrik Baju Bandung, with a sample of 120 respondents selected using a purposive sampling technique. Data were collected through questionnaires that had been tested for validity and reliability, then analyzed using multiple regression and mediation tests to determine direct and indirect relationships between variables. The results showed that product quality has a positive and significant effect on customer satisfaction, as does service quality. Price also has a positive effect on customer satisfaction, but with a lower effect than the quality variable. Customer satisfaction was proven to be a significant mediator between product quality, service quality, and price on customer loyalty. In other words, increasing product and service quality in line with a price that is considered reasonable can increase satisfaction, which in turn encourages customer loyalty. These findings emphasize the importance of a marketing strategy that emphasizes product quality, service quality, and competitive pricing to retain customers. This research provides practical implications for the management of CV. Pabrik Baju Bandung in formulating more effective marketing policies and increasing customer satisfaction and loyalty.
The Influence of Product Quality and Brand Image on Purchase Decisions of Wardah Sunscreen through Trust as a Mediating Variable in Mataram City Samara Kartika Cinta; Didy Ika Supryadi
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.v9i1.9271

Abstract

This study aims to analyze the influence of product quality and brand image on purchase decisions of Wardah Sun Care products in Mataram City and to examine the role of consumer trust as a mediating variable. This research employs a quantitative approach using primary data collected from 100 respondents who have purchased or used Wardah Sun Care products. The sampling technique applied is purposive sampling, and data analysis was conducted using the Partial Least Squares (PLS) method. The results indicate that product quality does not have a significant effect on either purchase decisions or consumer trust. Conversely, brand image has a significant influence on purchase decisions but does not significantly affect trust. Another finding reveals that purchase decisions significantly influence consumer trust, suggesting that post-purchase experiences are a key factor in building trust. Overall, the findings highlight that brand image plays a crucial role in encouraging purchase decisions, while trust is primarily shaped through product usage experiences. This study provides managerial implications for Wardah to strengthen its brand image and enhance consumer experience quality to foster long-term trust.
Online Influence Pathways: A Study of Celebrity Endorsements and EWOM Effects on Purchase Intention Via Brand Trust Setiyawan, Agus; Setyabudhi, Irwan; Nurdin, Mohamad
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.v9i1.9278

Abstract

This study aims to analyze the influence of Celebrity Endorsements and Electronic Word-of-Mouth (eWOM) on Brand Trust and Purchase Intention. A quantitative design was employed with 385 respondents who actively search for online product reviews and follow Celebrity Endorsements. Data analysis was conducted using structural equation modeling to assess both direct and indirect relationships among variables. The findings reveal that Celebrity Endorsements significantly strengthen Brand Trust, particularly in the dimensions of benevolence, empathy, and honesty, and also directly enhance Purchase Intention. Electronic Word-of-Mouth (eWOM) positively affects Brand Trust and contributes to Purchase Intention as well. Furthermore, Brand Trust was found to mediate the relationships between Celebrity Endorsements, Electronic Word-of-Mouth (eWOM), and Purchase Intention, with indirect effects also proving significant. These results highlight that both direct and indirect effects play a crucial role, suggesting that effective marketing strategies should integrate Celebrity Endorsements and consumer-generated eWOM while prioritizing the development of brand trust to drive Purchase Intention.
An Event Study Analysis of Green Bond Issuance: Signaling Corporate Commitment and Market Perception in an Emerging Economy (The Case of PT XYZ, Indonesia) Saskia Arumaisa Rizna; Desi Adhariani
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.v9i1.9281

Abstract

This study examines the short-term stock market reaction to the green bond issuance announcement by PT XYZ, a publicly listed Indonesian bank, using an event study methodology. The analysis focuses on the announcement date of 21 June 2022 as the event day and applies an eleven-trading-day event window (t−5 to t+5) to capture both pre-announcement and post-announcement market responses. Abnormal Return (AR) and Cumulative Abnormal Return (CAR) are calculated using the Mean Adjusted Return Model, which is appropriate for descriptive single-firm event studies over short horizons. The results reveal a significant positive abnormal return of 4.17% on the event day, indicating that investors initially perceived the green bond issuance as value-relevant information and a credible sustainability signal. However, abnormal returns exhibited volatility in the post-event period, and cumulative abnormal returns progressively adjusted toward their pre-event level, suggesting efficient incorporation of information and short-term market efficiency. Interpreted through the lens of Signaling Theory, the findings indicate that green bond issuance functions as a credible corporate signal that generates immediate investor response, although its valuation impact is transitory. This study contributes to the green finance literature by providing event study evidence from an emerging market context and highlights the role of credibility in shaping short-term investor reactions to sustainability-linked corporate actions.
The Role of STP Marketing Strategy in Enhancing the Marketing Performance of IKM Logam Tembaga, Cepogo Village, Boyolali Muhammad Saddam Sofyandi
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.v9i1.9284

Abstract

This research investigates the role of Segmenting, Targeting, and Positioning (STP) strategies in enhancing the marketing performance of copper handicraft SMEs (IKM Logam Tembaga) in Cepogo Village, Boyolali. A mixed methods approach was used, beginning with a Focus Group Discussion (FGD) involving 15 business owners divided into three groups. The FGD explored the extent to which these entrepreneurs understood and implemented STP principles. Findings revealed that while 53.3% of participants demonstrated explicit awareness of STP, many others intuitively practiced its principles through segmentation, buyer targeting, and product differentiation. This was followed by a quantitative analysis using Structural Equation Modeling (SEM) via SmartPLS, involving 41 IKM respondents. The SEM results show that only Positioning had a statistically significant effect on marketing performance (β = 0.51, p = 0.025), while Segmenting (β = 0.20, p = 0.34) and Targeting (β = 0.07, p = 0.82) did not show significant effects. The measurement model met all validity and reliability thresholds (CR > 0.90, AVE > 0.68), and the model explained 50.1% of the variance in marketing performance. These findings suggest that SMEs with a strong brand narrative, product uniqueness, and storytelling capabilities perform better in the competitive craft market. The research recommends capacity-building programs in STP and digital branding to increase competitiveness among rural SMEs.
Understanding Digital Fatigue in the Workplace: A Systematic Literature Review Dewi, Suci Permata; Mardi, Mardi; Aminah, Hania
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.v9i1.9286

Abstract

This study aims to conduct a systematic review of the existing literature on digital fatigue in the context of human resource management, focusing on the causative factors and their impact on employee performance and well-being. Digital fatigue refers to mental, physical, and emotional fatigue that arises from excessive exposure to digital technology, such as the constant use of digital devices in daily work. Through a literature search conducted in the Scopus database, a total of 279 articles were identified, and after screening, 116 articles met the criteria for further analysis. Key findings from the review suggest that the main cause of digital fatigue is excessive use of technology, especially related to screen time, virtual meetings, and uncontrolled digital communication. The impact of digital fatigue on employees includes decreased productivity, low engagement, increased stress, and decreased job satisfaction. These findings connect with the Job Demands-Resources (JD-R) theory, which explains how high job demands, such as excessive use of technology, can increase stress and lower performance, while inadequate resources exacerbate the situation. The study also identified gaps in the literature related to organizational policy management strategies to reduce digital fatigue, as well as the need for further longitudinal research to understand its long-term impacts. The practical implications of this study show the importance of managing technology in the workplace and developing policies that support employee well-being in the digital age.
The Role of Motivational Mediation in Improving the Performance of Transportation Sector Employees: The Dynamics of Training and Competency Nathasya, Fara Ditha; Suharsono, Riyanto Setiawan; Sanosra, Abadi
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.v9i1.9364

Abstract

This study is motivated by the importance of improving the quality of human resources in the transportation sector, particularly at PT Kereta Api Indonesia Daop XI Jember, as an effort to achieve optimal operational performance. This research adopts a quantitative approach, a numerical method employing the Partial Least Square (PLS) technique with WarpPLS 8.0 software. The group includes every worker of PT Kereta Api Indonesia. Daop XI Jember, with a sample of 283 respondents selected using probability sampling through proportional random. Information was gathered via surveys and examined utilizing tests for validity and reliability, along with structural model assessment. The findings suggest that both training and skill positively and significantly influence motivation, and that training, skill, and motivation together also positively and significantly impact employee performance. Nonetheless, skill does not greatly influence performance via motivation, indicating that competence directly influences performance without being mediated by motivation. The originality of this research is found in analyzing motivation as an intermediary factor. These results add to theoretical understanding in creating models for human resource performance and offer practical insights for managing human resources within the transportation industry.
The Effect of Environmental, Social and Governance (ESG) on Stock Returns with Company Size as a Moderating Variable Octaviani, Rr. Annisa
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.v9i1.9365

Abstract

The capital market encompasses actions like public offerings and trading in securities, listed companies, and the securities they produce, along with professional organizations that participate in securities operations, in line with the guidelines outlined in Capital Market Law No. 8 of 1995. This study investigates how Environmental, Social, and Governance (ESG) factors influence stock returns in manufacturing firms, considering company size as a moderating factor, listed on the IDX from 2022 to 2024. This research is quantitative in nature. The group being studied includes every manufacturing firm that is registered on the IDX from 2022 to 2024. The sample for this research comprises all 673 manufacturing firms. The analysis of data in this study involves descriptive evaluation of research data, descriptive statistics, correlation matrices, Data analysis involved Moderated Regression Analysis (MRA), complemented by hypothesis testing using t-tests, F-tests, and R² evaluation. The findings indicate that (1) the negative relationship of ESG cannot partially affect stock returns, but with the presence of control variables, it can simultaneously affect stock returns, (2) the negative relationship between ESG and company size cannot partially affect stock returns. However, with the presence of control variables and moderation from company size, ESG can simultaneously affect stock returns.