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Mohamad Toha
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Jalan Raya Tirtowening Jl. Raya Tirtowening Pacet No.17, Bendorejo, Bendunganjati, Kec. Pacet, Kabupaten Mojokerto, Jawa Timur 61374
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INDONESIA
IIJSE
Published by Universitas KH. Abdul Chalim
ISSN : -     EISSN : 2621606X     DOI : https://doi.org/10.31538/iijse
Core Subject : Economy,
Economics, Econometrics & Finance
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.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 3,039 Documents
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Performance Evaluation of Islamic Healthcare Institutions: A Systematic Review of Sharia Compliance, Governance, and Operational Excellence Tuti Setiatin; Apollo Daito; Zulkifli Zulkifli
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 2 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v9i2.9999

Abstract

The proliferation of sharia-based healthcare institutions has intensified demand for performance evaluation frameworks that reconcile Islamic principles with contemporary management standards. This study undertakes a systematic literature review to identify and synthesise the existing body of knowledge on performance evaluation of Islamic hospitals, examining three interrelated dimensions: sharia compliance, governance, and operational excellence. Following the PRISMA 2020 protocol, forty-five articles drawn from internationally reputed databases covering the period 2016-2025 were analysed. Findings reveal that performance evaluation in Islamic healthcare settings calls for a holistic integration of spiritual and business imperatives. Sharia compliance encompassing ethics-based patient care, Sharia Supervisory Board oversight, and periodic sharia auditing is positively associated with Muslim patient satisfaction. Islamic corporate governance foregrounds dual accountability to stakeholders and to God, operationalised through mechanisms such as Islamic Social Reporting. Operational excellence, measured through efficiency, effectiveness, and service quality indicators, gains distinctiveness when embedded in Islamic values. The Maqasid al-Shariah framework serves as an overarching evaluative lens that ties these three dimensions together. This review contributes a holistic evaluation model and offers practical implications for hospital managers seeking to design sharia-aligned performance measurement systems.
Measurement of Individual Value at Risk in a Small-Cap Stock Portfolio on the Indonesia Stock Exchange I Nyoman Tri Arjana; Christimulia Purnama Trimurti; Gusti Ngurah Joko Adinegara; Yeyen Komalasari
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 2 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v9i2.10000

Abstract

Small-cap stocks are characterized by high volatility and relatively low liquidity, which increase market risk exposure. This study aims to estimate individual Value at Risk (VaR) and examine the effect of stock volatility, liquidity, and stock returns on VaR in small-cap stock portfolios listed on the Indonesia Stock Exchange during 2020–2023. VaR is estimated using the Monte Carlo simulation approach with a 95% confidence level and one-year holding period. The study employs panel data regression with 120 firm-year observations. The results indicate that stock volatility has a positive and significant effect on VaR, stock returns have a negative and significant effect on VaR, while stock liquidity does not significantly affect VaR. Simultaneously, volatility, liquidity, and returns significantly explain VaR variation, with an adjusted R² of 0.688. These findings confirm that volatility is the primary determinant of downside risk in small-cap stocks. The study contributes to risk measurement literature in emerging markets and provides implications for portfolio risk management strategies.
Adaptation of Global Organizational Cultural Diversity in McDonald's Multinational Company at the Local Level Arif Rahman; Amellia Enggellina; Afilda Kilani; Dian Prihardini Wibawa
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 2 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v9i2.10003

Abstract

This study aims to analyze the adaptation of global organizational culture in the context of multinational companies, specifically in the case of McDonald's Indonesia. Globalization encourages multinational companies to integrate international operational standards with local cultural values ​​through a glocalization strategy to increase market acceptance and business sustainability. This study uses a qualitative approach with content analysis methods on secondary data derived from company reports, academic publications, and literature related to cross-cultural management. The theoretical basis of the research refers to Geert Hofstede's national cultural dimensions and the concept of Cultural Intelligence by Christopher Earley and Soon Ang. The results indicate that organizational culture adaptation at McDonald's in Indonesia is achieved through the integration of the company's global values ​​with local cultural preferences, encompassing product innovation, organizational communication, human resource management, and stakeholder relationship strategies. The glocalization strategy enables the company to maintain its global brand identity while increasing social and cultural relevance in the local market. The research findings indicate that cultural intelligence and management flexibility are critical factors in the success of multinational companies, as managing an inclusive and adaptive organizational culture can increase employee loyalty, the effectiveness of cross-cultural communication, and the company's competitiveness in the era of globalization.
The Organizational Transformation of Twitter into X Following the Acquisition and Leadership Transition Dinda Tiara Luqman; Yunizar Yunizar; Wa Ode Zusnita Mizu
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 2 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v9i2.10007

Abstract

Organizations often undergo changes driven by various internal challenges, such as shifts in ownership that include mergers, acquisitions, and privatization. These changes have significant impacts on organizational structure, culture, and business strategy. Twitter, which was founded in 2007 in California with Jack Dorsey as CEO, experienced a major transformation when X Holdings acquired the company in April 2023. Following this acquisition, the organizational structure and leadership changed significantly. In addition to changes in corporate structure and strategy, the CEO position also shifted with the appointment of new executives and leaders. The purpose of this study is to explain the most significant changes that occurred at Twitter. These changes include transformations in management and ownership, policies and terms of use, new products and services, technological innovation, work culture, and internal policies.
bahasa inggris Antonius Dian Kurnianto; Taufik Setyadi; Ida Syamsu Roidah
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 2 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v9i2.10011

Abstract

Shallots (Allium ascalonicum L.) are an important horticultural commodity in Indonesia, yet their high price volatility often causes disparities between farm-gate and retail prices. This condition indicates inefficiencies in the marketing system, long distribution chains, and weak bargaining power of farmers. This study examines the structure of shallot marketing channels, the distribution of marketing margins and farmers’ share, and the factors influencing shallot price formation at the retail level. The research aims to analyze marketing channel patterns, measure marketing margins and farmers’ share, and identify the main determinants of retail shallot prices in Jatirogo District, Tuban Regency, East Java. A mixed-method approach was applied, combining descriptive qualitative analysis with quantitative analysis using Partial Least Squares (PLS). Primary data were collected from 68 shallot retailers through interviews and structured questionnaires, supported by secondary data from official institutions and relevant literature. The results reveal three marketing channels with different efficiency levels. The farmer–consumer channel is the most efficient, with zero marketing margin and a farmers’ share of 100%, but it is limited in market reach. The farmer–collector–retailer channel generates a marketing margin of IDR 12,000/kg with a farmers’ share of 62%, while the farmer–collector–wholesaler–retailer channel records the highest margin of IDR 15,000/kg and the lowest farmers’ share at 57%. Furthermore, transportation costs, supply–demand imbalance, and marketing channel length significantly increase retail prices, while local production volume and substitute goods reduce prices. These findings highlight the importance of improving logistics efficiency and shortening marketing channels to enhance price stability and farmers’ income. Keywords: Shallot, Marketing Channels, Marketing Margin, Price Formation.
Determination of One and the Same Person as a Solution to Identity Disharmonies in Population Administration Gunabila Bin’Arya Dwitatama; Mahdaniyal Hasanah Nuriyyatiningrum
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 2 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v9i2.10014

Abstract

Identity inconsistencies in population administration are legal issues that impact legal certainty and the fulfillment of citizens' civil rights. Differences in the spelling of identities in official documents often hinder the implementation of legal actions, particularly in the administration of land rights. This study aims to analyze the legal considerations of judges in determining "the same person" and to assess the limits of the court's authority in voluntary population administration cases. The Research method used is normative legal Research, with a legislative, case, and conceptual approach, focusing on the Semarang District Court Decision Number 356/Pdt.P/2025/PN Smg. The results of the study show that the determination of "the same person" not only serves as a declaration of legal status but also clarifies the scope of court authority, emphasizing its role in ensuring consistent legal outcomes for population and land rights issues.
THE INFLUENCE OF DIGITAL LITERACY AND CREATIVITY ON INTEREST IN DIGITAL ENTREPRENEURSHIP AMONG ECONOMIC EDUCATION STUDENTS OF RIAU UNIVERSITY Whindy Decha Putri; Suaman Suaman; Fenny Trisnawati
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 2 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v9i2.10015

Abstract

This study aims to analyze the effect of digital literacy and creativity on digital entrepreneurial interest among students of the Economics Education Program at Universitas Riau. The research employed a quantitative approach using a survey method. The population consisted of Economics Education students, with a sample of 102 respondents selected through proportional random sampling. Data were collected using a questionnaire and analyzed using multiple linear regression with SPSS version 26. The descriptive analysis results indicate that students’ digital literacy, creativity, and digital entrepreneurial interest are generally at a moderate level. Partial test results show that digital literacy has a positive and significant effect on digital entrepreneurial interest, and creativity also has a positive and significant effect on digital entrepreneurial interest. Simultaneous testing reveals that digital literacy and creativity jointly have a significant effect on students’ digital entrepreneurial interest. The coefficient of determination indicates that digital literacy and creativity explain 60.3% of the variance in digital entrepreneurial interest, while the remaining variance is influenced by other factors outside the research model. This study concludes that strengthening digital literacy and creativity is essential to enhance students’ digital entrepreneurial interest. Therefore, higher education institutions are encouraged to integrate digital literacy and creativity development into entrepreneurship learning to foster digital entrepreneurship among students.
Partnership Governance Strategy from a Corporate Perspective: A Case Study of PT. PSD in Strengthening the KDMP Karismatul Mufidah; Nafidatun Nikmah; Akhmad Sirojudin Munir
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 2 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v9i2.10019

Abstract

This study examines corporate partnership management strategies to address rural economic development gaps, using a case study of PT. Perekonomian Sunan Drajat (PT. PSD) in strengthening the Merah Putih Village Cooperative (KDMP). This partnership was established in response to the weak institutional capacity of village cooperatives, which hinders economic equality. The novelty of this research lies in its focus on corporations as central actors, unlike previous studies that have emphasized the role of the government. Using an exploratory case study qualitative method, this study aims to understand the construction and implementation of PT. PSD's partnership strategy. The main results show that the strategy applied is a hybrid model that synergizes three theoretical foundations: normative motivation (normative isomorphism), resource-based execution (Resource-Based View), and measurable business evaluation (cross-sector social partnership). This model is operationalized through intensive assistance integrated with the company's strategic divisions and participatory decision-making mechanisms. The research conclusion presents the initial concept of “Strategic Corporate-Cooperative Partnership” as a replicable governance framework and recommends the need for government policies that support value-based partnerships and intensive assistance to accelerate the institutional transformation of village cooperatives.
THE INFLUENCE OF PRODUCT ASSORTMENT AND WORD OF MOUTH ON PURCHASE DECISION MEDIATED BY BRAND AWARENESS AMONG BOGAJAYA RETAIL OUTLET CONSUMERS AT JUANDA INTERNATIONAL AIRPORT, EAST JAVA Christian Henry Hantoro; Rifki Hanif; Teguh Widodo
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 2 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v9i2.10025

Abstract

This explanatory research aims to comprehensively investigate the causal dynamics between product variety (Product Assortment), social referrals (Word of Mouth), and consumer purchasing execution (Purchase Decision), by positioning Brand Awareness as an intervening variable. The study context is focused on the consumers of the Bogajaya Retail Outlet operating within the travel retail environment of Juanda International Airport, a commercial ecosystem heavily characterized by high passenger mobility and severe time-pressure. A quantitative research design was applied, utilizing survey questionnaires distributed to 92 respondents selected through a purposive sampling technique. Data processing and structural evaluations were executed using the Partial Least Squares - Structural Equation Modeling (PLS-SEM) approach via SmartPLS 3.0 software. The structural model evaluation revealed several crucial empirical findings. The Product Assortment dimension failed to exert any significant direct effect on either Brand Awareness or Purchase Decision. In stark contrast, Word of Mouth consistently generated a positive and significant impact on both brand cognition and transaction certainty. Furthermore, Brand Awareness held the most dominant leverage in triggering the execution of Purchase Decisions. In the mediation analysis, Brand Awareness was proven to act as an indirect-only mediation bridging product completeness with purchase decisions, while simultaneously serving as a complementary mediation to amplify the influence of Word of Mouth toward sales conversion. This research culminates in the managerial conclusion that within a fast-paced travel retail landscape, the physical variety of store displays acts merely as a passive attribute that strictly requires a cognitive catalyst (Brand Awareness) to generate economic value. Additionally, the flow of organic reviews holds an absolute role as a "trust accelerator" capable of circumventing consumer hesitation and expediting travelers' transactions.
Green Advertising and Green Product Innovation Driving Green Purchase Behavior: The Mediating Role of Green Brand Awareness Among Generation Z in Indonesia Arif Triwinarso; Annida Khoiriani
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 9 No 2 (2026): Sharia Economics
Publisher : Universitas KH. Abdul Chalim Mojokerto

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

Abstract

Environmental sustainability has become a central concern in contemporary consumer behavior research, particularly among younger generations who demonstrate higher environmental awareness. Despite the growing interest in green consumption, the determinants of green purchase behavior remain insufficiently explored in developing country contexts. Prior studies have largely focused on consumer attitudes or purchase intentions, with limited attention to the role of marketing communication and product innovation in shaping environmentally responsible behavior. This study aims to examine how green advertising and green product innovation influence green purchase behavior through the mediating role of green brand awareness among Generation Z in Indonesia. The research adopts the Theory of Planned Behavior (TPB) as the primary theoretical framework to explain environmentally friendly purchasing behavior. A quantitative survey was conducted with 381 Generation Z consumers in Indonesia using purposive sampling. Data were analyzed using Structural Equation Modeling (SEM) with AMOS.n The findings reveal that green advertising and green product innovation significantly influence green brand awareness and green purchase behavior. Green brand awareness also acts as a significant mediating variable that strengthens the relationship between marketing strategies and consumer purchasing behavior. Theoretically, this study extends the Theory of Planned Behavior by integrating green marketing communication and green product innovation as key antecedents of sustainable consumption behavior. Practically, the results suggest that companies targeting Generation Z should strengthen green communication strategies, invest in eco-friendly product innovations, and build strong green brand identities to encourage sustainable purchasing behavior.

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