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Contact Name
Perdana Wahyu Santosa
Contact Email
wsperdana@gmail.com
Phone
+6281188809646
Journal Mail Official
asep.jumedi@sanscientific.com
Editorial Address
SAN Scientific Office 3 Point Building, 4th Floor, Jl. Tebet Raya No. 90, Jakarta Selatan, DKI Jakarta, Indonesia 12820
Location
Kota adm. jakarta selatan,
Dki jakarta
INDONESIA
Research of Islamic Economics (RIE)
ISSN : 30254418     EISSN : 29887739     DOI : https://doi.org/10.58777/rie
Core Subject : Economy,
he Research of Islamic Economics (RIE) journal publishes theoretical and empirical research articles, review papers, and case studies on all major Islamic Economics and business topics. The Journals mission is to offer a forum for the growing scholarly research on Islamic financial institutions and the Sharia money and capital markets in which they operate. The Journal emphasizes theoretical advancements and their application and empirical, practical, and policy-oriented research in other local and international Islamic banking, financial institutions, and markets. The RIE examines various decisions, processes, and activities within Islamic finance, banking, policy, philanthropy, and technology. The RIE is published for executives, researchers, and scholars alike, and the journal aids the application of empirical research to practical situations and theoretical findings to the reality of the real business world.The Journals goal is to promote communication and collaboration between and among academic and other research groups, as well as policymakers and operational decision-makers at private and public institutions, national and global, and their regulators.
Articles 35 Documents
Governance, Intellectual Capital, and Sharia Compliance in Islamic Bank Profitability: Evidence from Indonesian Islamic Commercial Banks Inul Indah Agustina; Dahlifah Dahlifah; Maya Mustika; Preztika Ayu Ardheta
Research of Islamic Economics Vol. 4 No. 1 (2026): JULY 2026
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rie.v4i1.573

Abstract

This study examines the effects of Islamic Corporate Governance (ICG), Intellectual Capital (IC), and Sharia Compliance (SC) on the profitability of Islamic Commercial Banks in Indonesia during 2022–2024. Profitability is measured using Return on Assets (ROA). A quantitative approach with panel data regression analysis was applied to 36 firm-year observations from 12 Islamic Commercial Banks selected through purposive sampling. Model selection and classical assumption tests were conducted to ensure robust estimation. The results show that ICG, IC, and SC jointly have a significant effect on profitability. Partially, Intellectual Capital has a positive and significant effect on ROA, indicating that effective utilization of knowledge-based resources enhances financial performance. Islamic Corporate Governance also has a positive coefficient, although its significance is relatively weak, suggesting that its impact depends on the quality of governance implementation. Meanwhile, Sharia Compliance has a negative but statistically insignificant effect on profitability, implying that greater compliance does not necessarily generate short-term financial benefits. Overall, Intellectual Capital is the strongest determinant of profitability. These findings emphasize the importance of investing in human capital, organizational learning, and digital innovation while maintaining effective governance and adherence to Sharia principles to support sustainable long-term performance
Post-Pandemic Profitability of Islamic Commercial Banks in Indonesia: Evidence from Financing Risk, Liquidity, Asset Quality, and Capital Adequacy Nida Nadya Hasan; Elsafath Fadila Cahyaningrum
Research of Islamic Economics Vol. 4 No. 1 (2026): JULY 2026
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rie.v4i1.611

Abstract

This study examines the effects of Non-Performing Financing (NPF), Financing to Deposit Ratio (FDR), Productive Asset Quality (KAP), and Capital Adequacy Ratio (CAR) on the profitability of Islamic Commercial Banks in Indonesia, measured by Return on Assets (ROA), during the 2020–2023 post-pandemic period. The study addresses inconsistent findings regarding the effects of financing quality, liquidity, asset quality, and capital adequacy on profitability. The 2020–2023 period represents the post-pandemic recovery, characterized by shifts in financing demand, risk exposure, and digital transformation. A quantitative approach was employed using secondary data from the annual financial reports of 12 Islamic Commercial Banks published by the Financial Services Authority (OJK). Data were analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS) with SmartPLS 4. The results indicate that NPF, FDR, KAP, and CAR have no significant effect on ROA during the observation period. These findings suggest that Islamic bank profitability is influenced more by operational efficiency and macroeconomic conditions than by these financial ratios. This study provides updated evidence on the determinants of profitability and the resilience of Islamic banking performance in Indonesia during the post-pandemic recovery.
Mapping Pesantren Economy Research in Islamic Economics: A Bibliometric Review of Trends, Themes, and Future Agenda Purnama Putra; Endang S. Priyatna
Research of Islamic Economics Vol. 4 No. 1 (2026): JULY 2026
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rie.v4i1.617

Abstract

This study analyzes publication trends, intellectual structures, and research gaps in the field of pesantren economics using a bibliometric approach. The expanding role of Islamic boarding schools (pesantren) in community empowerment, entrepreneurship, Islamic social finance, and sustainable economic development has attracted increasing scholarly attention, highlighting the need for a systematic mapping of the literature. Data were collected from the Scopus database using the search string “Islamic boarding school economy,” covering publications from 2003 to 2024. After screening English-language documents indexed in Scopus and directly related to the economic roles, empowerment, entrepreneurship, and development functions of pesantren, 38 publications were selected for analysis. Bibliometric analysis was conducted using the Biblioshiny package in RStudio to examine publication productivity, influential authors, source journals, keyword dynamics, and thematic evolution. The results identify IOP Conference Series: Earth and Environmental Science as the most productive source and Kosim M. as the most productive author. Dominant research themes include pesantren, community empowerment, entrepreneurship, and Islamic education, while digital transformation, halal value chains, sustainability, and Islamic social finance remain underexplored. This study provides the first comprehensive bibliometric mapping of pesantren economics, offering directions for future research and policy development to strengthen pesantren's role in Indonesia’s Islamic economic ecosystem.
Halal Brand Image, Price Fairness, and Purchase Intention in Cosmetic Consumption: Evidence from Wardah Lipstick Users Tina Fadilah; Verni Y. Ismail
Research of Islamic Economics Vol. 4 No. 1 (2026): JULY 2026
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rie.v4i1.621

Abstract

This study investigates factors influencing consumer purchase intention toward Wardah Glasting lipstick by integrating contemporary marketing perspectives with Islamic ethical values. The growing halal cosmetics market has intensified competition, while consumer decisions are shaped by brand credibility, product value, promotional activities, and perceived fairness. This study examines the effects of influencer marketing, brand image, product quality, and price perception on purchase intention. Using a quantitative explanatory research design, data were collected from 126 respondents through purposive sampling and analyzed using Structural Equation Modeling–Partial Least Squares (SEM–PLS). The results indicate that influencer marketing and product quality do not significantly affect purchase intention, whereas brand image and price perception have significant effects. From an Islamic perspective, based on Ibn Taimiyah's principles, consumer decisions should be supported by fair transactions, truthful marketing, and a balance between price and product value. This study contributes to marketing and consumer behavior literature by demonstrating the importance of perceived fairness and ethical considerations in strengthening consumer trust in halal cosmetic products. The findings provide practical implications for cosmetic companies to develop effective marketing strategies aligned with Islamic ethical values.
Empowering Women-Led MSMEs: The Role of Sharia Financial Literacy and Management Nova Rini; Supriatiningsih Supriatiningsih; Nanda Devira Fitriyanthi
Research of Islamic Economics Vol. 4 No. 1 (2026): JULY 2026
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rie.v4i1.628

Abstract

The growth of Islamic finance in Indonesia has increased the importance of Sharia financial literacy for MSMEs. However, women-owned MSMEs participating in the Aisyiyah Entrepreneur School (SWA) in Jakarta had not previously received structured training in Sharia financial literacy and financial management, limiting their ability to access Sharia-compliant financial services and improve business performance. This community service program aimed to enhance participants’ Sharia financial literacy and financial management skills through a training program. The program involved 21 women MSME owners from the Aisyiyah organization in Jakarta and employed a pre-test and post-test design to evaluate learning outcomes. The results showed that the average participants’ score increased from 32,21 to 35,11, representing an improvement of 9% in their understanding of Sharia financial literacy and financial management. Participants also demonstrated a strong intention to apply Sharia financial instruments and adopt more professional financial management practices in their businesses. The study was limited by the relatively small number of participants representing the five municipalities of DKI Jakarta. Nevertheless, the findings demonstrate that structured training is an effective approach to strengthening Sharia financial literacy and financial management among women-owned MSMEs and can serve as a practical model for similar community empowerment programs.

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