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 3,039 Documents
Determination of the Human Development Index: Panel Data Analysis of Per Capita GRDP, Open Unemployment Rate, and Health Complaints in Java Island 2015-2024 Sri Dewi Miladiyah; Rosidah Rosidah; Tarudi Tarudi; Syaeful Bakhri; Abdul Aziz
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.v9i2.10307

Abstract

Determination of the Human Development Index: Panel Data Analysis of Per Capita GRDP, Open Unemployment Rate, and Health Complaints in Java Island 2015–2024. This study aims to analyze the influence of GRDP per capita, Open Unemployment Rate (TPT), and Health Complaints on the Human Development Index (HDI) in six provinces in Java Island during the period 2015–2024. Using a quantitative approach based on panel data regression analysis, this study processed 60 observation units sourced from the official publication of the Central Statistics Agency (BPS). The results of the model selection test through the Chow Test and Hausman Test determined the Fixed Effect Model (FEM) as the best estimation model. The results of the simultaneous test showed that the three independent variables together had a significant effect on the HDI (F = 641.0955; prob. = 0.0000) with an Adjusted R-squared value of 0.9886, which means that 98.86% of the variation in the HDI in Java Island can be explained by the model. Partially, only GRDP per capita has a positive and significant effect on the HDI (coefficient = 13.3333; prob. = 0.0000), confirming that regional economic capacity is the dominant determinant of human development in Java. Meanwhile, Health Complaints (prob. = 0.6413) and TPT (prob. = 0.5637) do not have a significant effect on the HDI, which is thought to be caused by the subjective-perceptual nature of health variable measurements and the effectiveness of social safety net programs in mitigating the impact of unemployment. This study recommends inclusive and equitable economic growth policies, strengthening primary health services, and optimizing social financial instruments to accelerate the achievement of sustainable human development in Java.
Idle Funds of Local Governments and the Quality of Financial Management: A Narrative Literature Review of APBD Absorption Determinants in Indonesia Desak Nyoman Elita; Gede Adi Yuniarta; Nyoman Ari Surya Dharmawan
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.v9i2.10311

Abstract

The phenomenon of local government idle funds reaching IDR 234 trillion in the third quarter of 2025, coupled with APBD (Regional Budget) expenditure realization of only 65.3% of the approved ceiling as of November 2025, reflects complex structural problems in public financial management in Indonesia. This study aims to conduct a systematic narrative literature review to identify and synthesize the determinant factors affecting APBD absorption. A total of 15 articles obtained from the Emerald, Scopus, ScienceDirect, and Google Scholar databases—spanning publications from 2014 to 2026—were comprehensively reviewed. The analysis is grounded in Agency Theory (Jensen & Meckling, 1976) as the grand theory, complemented by perspectives from Public Choice Theory and Institutional Theory. The review identifies six clusters of determinant factors: (1) weaknesses in internal control systems and financial statement quality; (2) budget transparency and fiscal accountability; (3) quality of performance-based planning and budgeting; (4) procurement processes; (5) the capacity of regional financial apparatus; and (6) limitations of regional financial information systems. The phenomenon is further compounded by high dependence on central transfers, regulatory inconsistencies, and opportunistic behavior stemming from information asymmetry in the principal-agent relationship. These findings imply the need for simultaneous and systemic institutional reform to address the fiscal paradox of Indonesian local governments.
JCI Under Macroeconomic Pressure: The Moderating Role of Interest Rates on Inflation and Exchange Rates Irma Nur Halimah; Sustari Alamsyah; Dhea Zatira
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.v9i2.10312

Abstract

This study aims to analyze the effect of inflation, exchange rates, and interest rates on the Jakarta Composite Index (JCI), as well as to examine the role of interest rates as a moderating variable in these relationships. This research employs monthly time-series data from 2020-2024 obtained from the Indonesia Stock Exchange and Bank Indonesia. The analytical methods used include multiple linear regression and Moderated Regression Analysis (MRA). The results indicate that inflation, exchange rates, and interest rates individually have a significant effect on the JCI. However, the moderation test reveals that interest rates are not able to significantly strengthen or weaken the relationship between inflation and exchange rates with the JCI. These findings suggest that the Indonesian capital market is more responsive to direct macroeconomic variables rather than the interaction effects among them. This study contributes to the literature on stock market behavior in emerging markets and provides insights for investors and policymakers in responding to global economic volatility.
THE EFFECT OF SERVICE QUALITY ON CUSTOMER LOYALTY: CUSTOMER SATISFACTION AS AN INTERVENING VARIABLE AT HELLEN HEALTH AND BEAUTY SALON, KARIMUNTING VILLAGE Yulan Plasza; Ananda Archie
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.v9i2.10320

Abstract

The beauty industry in Indonesia has shown rapid development along with the increasing public awareness of personal care and appearance, which drives the growth of businesses and intensifies competition in the beauty services sector. This condition is accompanied by rising customer demands for optimal service quality, but there are still issues in retaining customer loyalty, which is influenced by the level of satisfaction experienced. This study aims to analyze the effect of service quality on customer loyalty: customer satisfaction as an intervening variable at Hellen Health and Beauty Salon, Karimunting Village. This study uses a quantitative approach with a causal associative design. The population of the study is all salon customers, with a sample of 150 respondents determined through purposive sampling. Primary data were collected through questionnaires, observation, and interviews, while secondary data were obtained from publications related to the development of the beauty industry. Data analysis was performed using SEM-PLS with SmartPLS by evaluating the outer model (convergent validity, discriminant validity, AVE, and reliability) and the inner model (R-square, F-square, and hypothesis testing through bootstrapping). The results show that all constructs meet the validity and reliability criteria. The model has moderate explanatory power with a customer satisfaction R² value of 0.538 and a customer loyalty R² value of 0.583. Service quality significantly positively affects both customer satisfaction and customer loyalty, and customer satisfaction significantly positively affects customer loyalty. Customer satisfaction also acts as a partial mediator in the relationship between service quality and customer loyalty.
STRATEGY TO ENHANCE THE COMPETITIVENESS OF COFFEE BEAN EXPORTERS IN NORTH SUMATRA Cindy Sakhila; Fahmi Natigor Nasution; Wahyu Ario Pratomo
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.v9i2.10324

Abstract

This study aims to formulate strategies to enhance the competitiveness of coffee bean exporters in North Sumatra in facing global market dynamics. Considering North Sumatra's strategic role as one of Indonesia's leading producers of high-quality Arabica coffee, this research focuses on four key factors affecting competitiveness, namely product quality, production costs, pricing, and international trade policies. The research employs a mixed-method approach with case studies involving five coffee export companies: PT. Ujang Jaya International, PT. Tibeka Jaya Abadi, PT. Arvis Sanada Sanni Indonesia, PT. Mulya Sari Mandiri, and PT. Indokom Citra Persada. Data collection was conducted through in-depth interviews, observations, document studies, and questionnaire distribution. Qualitative data were analyzed using the SOAR (Strengths, Opportunities, Aspirations, Results) framework, while quantitative data were analyzed using the Analytical Hierarchy Process (AHP) method to determine strategic priorities. The findings indicate that enhancing product quality through international certifications and cupping tests, improving production cost efficiency through modern sorting processes and direct farmer partnerships, as well as optimizing government export promotion policies are key factors in strengthening the competitiveness of North Sumatra's coffee bean exports. These findings are expected to provide practical contributions for exporters, policymakers, and the development of academic literature in agricultural export management.
THE INFLUENCE OF COMMUNITY PARTICIPATION, TRANSPARENCY IN VILLAGE FUND MANAGEMENT, AND DIGITAL COMPETENCE OF VILLAGE OFFICIALS ON THE EFFECTIVENESS OF VILLAGE FUND UTILIZATION, WITH THE ROLE OF VILLAGE FACILITATORS AS A MEDIATING VARIABLE Alvi Rachmawati; Sandy Arief
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.v9i2.10328

Abstract

This study aims to analyze the influence of community participation, transparency in village fund management, and the digital competence of village officials on the effectiveness of village fund utilization, with village facilitators as a mediating variable. This study is motivated by the suboptimal effectiveness of village fund management and the inconsistent findings of previous studies, particularly regarding the factors influencing effectiveness and the limited examination of the role of village facilitators.This study employs a quantitative approach using the Partial Least Squares-Structural Equation Modeling (PLS-SEM) method. The sample consists of 128 village officials from Bae District, Kudus Regency, selected using a saturated sampling technique. The results indicate that community participation, transparency in village fund management, and the digital competence of village officials have a positive effect on the effectiveness of village fund utilization. These variables also positively influence the role of village facilitators. Furthermore, the role of village facilitators has a positive effect on the effectiveness of village fund utilization and acts as a mediator in the relationship between community participation, transparency, digital competence, and the effectiveness of village fund utilization. The findings suggest that the effectiveness of village fund management is not only determined by internal factors but is also strengthened by the role of village facilitators. This study provides practical implications for village governments in improving the quality of village fund management through enhancing community participation, transparency, and the digital competence of village officials.
A NEW METRIC FOR ASSESSING THE “S” DIMENSION IN ENVIRONMENT, SOCIAL, GOVERNANCE (ESG) FOR REAL ESTATE Ni Putu Jessica Anggi Wijaya Putri; Ni Kadek Sinarwati; Made Aristia Prayudi
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.v9i2.10330

Abstract

The Environmental, Social, and Governance (ESG) framework has become a central benchmark for assessing corporate sustainability, particularly in the real estate sector. However, the Environmental (E) dimension continues to dominate both measurement and reporting practices, while the Social (S) dimension remains underdeveloped due to the lack of standardized and impact-oriented metrics. This study aims to examine the role of the social dimension in ESG and its implications for sustainability accounting practices in the Indonesian real estate finance sector. Using a quantitative descriptive-explanatory approach, the study analyzes corporate sustainability reports and applies content analysis to evaluate the extent to which social aspects are disclosed and measured. The findings reveal that although companies have increasingly adopted social initiatives such as diversity, employee well-being, and community engagement these efforts are largely activity-based and disclosure-oriented, rather than focused on measurable social impact. Furthermore, ESG assessments are still predominantly based on aggregate scores, which obscure the specific contribution of the social dimension. This study identifies a critical gap in existing ESG measurement frameworks and proposes the need for developing new, impact-based, and context-specific social metrics. Such metrics are essential to enhance the accuracy, transparency, and practical relevance of ESG evaluations, particularly in the real estate sector where social interactions and community impacts are highly significant.
UNDERSTANDING IMPULSIVE BUYING IN LIVE-STREAMING COMMERCE: THE ROLE OF STREAMER-DISPLAYED EMOTIONS, CUSTOMER ENGAGEMENT, AND TIME PRESSURE Hendri Triyanto; Budhi Haryanto
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.v9i2.10337

Abstract

This study examines the role of streamers’ positive emotional expressions specifically pleasure and arousal in shaping impulsive purchasing behavior in TikTok live-streaming commerce. Guided by the Stimulus–Organism–Response (S-O-R) framework, the model positions customer engagement as an intervening variable, while perceived time pressure is incorporated as a boundary condition influencing the relationships. Data were collected through a survey of 260 Generation Z consumers (aged 18–29) who had recently engaged in purchasing via TikTok live streams. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results indicate that both emotional dimensions significantly enhance customer engagement, with arousal showing a more dominant influence. Increased engagement, in turn, leads to a higher tendency toward impulsive buying, highlighting its role in translating emotional stimuli into behavioral outcomes. While pleasure also directly affects impulsive purchasing, its effect is comparatively less pronounced. Interestingly, perceived time pressure weakens the relationship between engagement and impulsive buying, suggesting that excessive urgency may discourage spontaneous purchasing decisions. Overall, this study enriches the literature by reinterpreting streamer-generated emotions as external stimuli and by revealing the nuanced role of time pressure in live-streaming commerce. The findings also provide actionable insights for optimizing live-streaming strategies in social commerce environments.
The Effect of Managerial Ownership, Independent Board of Commissioners, Audit Committee, and Firm Size on Financial Distress Fanliana Tantinaya; Taufeni Taufik; Rheny Afriana Hanif
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.v9i2.10339

Abstract

This study aims to examine the effect of managerial ownership, independent board of commissioners, audit committee, and firm size on financial distress. This research employs a quantitative approach using secondary data obtained from corporate financial statements. The population of this study consists of all property and real estate companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2024 period. The sample was selected using a purposive sampling method, resulting in 55 companies that met the predetermined criteria. Logistic regression analysis was used to test the research hypotheses. The results indicate that managerial ownership, audit committee, and firm size have a significant effect on financial distress, while the independent board of commissioners has no significant effect on financial distress.
Foreign Investment in Southeast Asia: the Role of Political Stability, Trade Openness, Regulatory Quality, and Gross Domestic Product (2014–2023) Muhammad Fariz; Nur Hidayah
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.v9i2.10342

Abstract

Foreign Direct Investment (FDI) plays a crucial role in promoting economic growth and development, particularly in developing regions such as Southeast Asia. This study aims to analyze the determinants of FDI by examining the effects of institutional and macroeconomic factors, namely political stability, regulatory quality, trade openness, and Gross Domestic Product (GDP) across 11 Southeast Asian countries during the period 2014–2023. Unlike previous studies that typically focus on limited variables or a single country, this research employs a panel data approach across countries and time to provide a more comprehensive analysis. The analytical method used is panel data regression with Common Effect Model (CEM), Fixed Effect Model (FEM), and Random Effect Model (REM), with the best model selected through Chow, Hausman, and Lagrange Multiplier tests. The results indicate that trade openness and GDP have a positive and significant effect on FDI, confirming that market size and international trade integration are key factors in attracting foreign investment. Meanwhile, political stability and regulatory quality do not have a significant effect on FDI.