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Sharia Economic and Management Business Journal (SEMBJ)
Published by Yayasan Darussalam Bengkulu
ISSN : 27742679     EISSN : 27742679     DOI : https://doi.org/10.62159/sembj.vxxx
Core Subject : Religion, Economy, Science, Education, Agriculture,
Religion Agriculture, Biological Sciences & Forestry Computer Science & IT Economics, Econometrics & Finance Education Other
SEMB-J, sharia economic and management business journal is peer-reviewed journal published by Yayasan Darussalam Bengkulu. SEMB-J focus on the research of sharia economic and management business. The aim of this journal is to explore and develop economic management related to islamic and business. The focus of this journal is an effort to publish scientific works related to thoughts or studies in the field of sharia accounting and banking as well as actualizing and adding to the treasures of a better understanding of sharia accounting and banking through publishing articles and research reports. SEMB-J Journal of Sharia Economic and Management Business accepts original works which are the results of research, including: Accountancy; Sharia Accounting; Banking; Sharia Banking; Sharia Banking Information Systems; Sharia Banking Audit; Sharia Banking; Management; Sharia Banking Liquidity Management; Sharia Banking Ethics; Marketing Management of Sharia Banking; Finance; Sharia Finance; Cash Waqf;
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 94 Documents
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The Role of Stress Testing in Enhancing Financial Transparency and Credit Risk Management: Evidence from Islamic and Conventional Banking in ASEAN Septa Diana Nabella; Kiki Wulandari; Maya Sova; Abdul Jalal; Dewi Permata Sari
Sharia Economic and Management Business Journal (SEMBJ) Vol. 7 No. 1 (2026): February
Publisher : Yayasan Darussalam Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62159/sembj.v7i1.1926

Abstract

Background: Despite the growing importance of stress testing as a supervisory tool, its role in reducing information opacity and improving credit risk management remains underexplored in ASEAN’s dual banking system, where Islamic and conventional banks operate under distinct financial structures. Method: Using a Panel Vector Autoregression (PVAR) model with Generalized Method of Moments (GMM), this study analyses 72 listed banks across five ASEAN countries over 2012–2022. Credit risk is proxied by NPL/NPF ratios, incorporating key macroeconomic and bank-specific variables. Results: The findings indicate that credit risk dynamics are highly persistent, with own shocks accounting for more than 97% of forecast error variance in both banking systems. GDP growth and real interest rates emerge as the most influential macroeconomic determinants. Islamic banks display mean-reverting credit risk behaviour, whereas conventional banks exhibit greater persistence. Impulse response analysis reveals that macroeconomic shocks have statistically significant but heterogeneous effects across bank types. In addition, Granger causality results suggest that macroeconomic variables can serve as early warning indicators of credit risk. The COVID-19 period provides additional evidence that stronger capital buffers help mitigate the transmission of macroeconomic shocks to NPL ratios. Conclusion: These results support the role of stress testing as a tool for improving risk assessment and strengthening supervisory oversight in ASEAN banking systems. This study contributes by providing the first PVAR-based comparative analysis of stress testing in ASEAN’s dual banking system, incorporating the COVID-19 shock as a natural experiment, and offering cross-country evidence on the role of stress testing in improving financial transparency.
Integrating Islamic Values into HR Practices to Combat Fraud in Islamic Finance Wilchan Robain; Abdul Rahman
Sharia Economic and Management Business Journal (SEMBJ) Vol. 7 No. 1 (2026): February
Publisher : Yayasan Darussalam Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62159/sembj.v7i1.1934

Abstract

The rapid growth of Islamic financial institutions has highlighted the need for HR practices that integrate Islamic values, particularly in preventing fraud. This study investigates the relationships between recruitment, selection, trustworthy human resources (HR), and fraud-free systems within Islamic financial institutions. Using Structural Equation Modeling (SEM) with SmartPLS 4, the study tests the direct and indirect effects of recruitment and selection on fraud prevention through trustworthy HR. The results show that both recruitment and selection significantly influence the formation of trustworthy HR, which in turn reduces the risk of fraud. The study also finds that trustworthy HR mediates the relationship between recruitment, selection, and fraud prevention. The research highlights the importance of aligning recruitment and selection strategies with Islamic ethical principles to ensure the development of a trustworthy workforce. The findings contribute to the literature on Islamic HRM by offering a model that links HR practices to fraud prevention. This study suggests that HR managers in Islamic financial institutions should prioritize value-based recruitment and selection processes, along with ongoing ethical training, to foster a culture of integrity and transparency. Future research could examine the role of other organizational factors, such as leadership and external regulations, in preventing fraud.
Determining User Comfort With Bank Syariah Indonesia: Perspectives On Electronic Word Of Mouth And Brand Image Nuri Aslami; Ali Ikhwan
Sharia Economic and Management Business Journal (SEMBJ) Vol. 7 No. 1 (2026): February
Publisher : Yayasan Darussalam Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62159/sembj.v7i1.1935

Abstract

Background: Indonesia’s Islamic banking sector continues to expand, with Bank Syariah Indonesia (BSI) playing a major role in asset growth and digital service adoption. Despite increasing use of BSI Mobile, customer complaints about digital service reliability have generated negative electronic word-of-mouth (e-WOM) that may affect brand image and user trust. Most previous studies focus on purchase intention and loyalty, while limited research examines user comfort. Therefore, this study analyzes the influence of e-WOM and brand image on user comfort in using BSI Mobile services. Method: This study employed a quantitative approach to examine the influence of Electronic Word of Mouth and Brand Image on User Comfort. The population consisted of 991 Sharia Banking students at UIN North Sumatra who use BSI Mobile. Using the Slovin formula, a sample of 91 respondents was selected based on specific usage criteria. Data were collected through questionnaires distributed via Google Forms, supported by observation and documentation, and analyzed using Multiple Linear Regression. Results: The findings show that user comfort is positively and significantly impacted by e-WOM and brand image, both partially and concurrently. e-WOM and brand image account for 62.3% of the variation in user comfort, according to the coefficient of determination (R²) of 0.623. These results imply that improving user satisfaction in Islamic digital banking services requires positive digital evaluations and a strong brand image. Conclusion: The results show that Electronic Word of Mouth (e-WOM) and Brand Image have a significant and positive effect on user comfort in using BSI Mobile services, both partially and simultaneously, with a coefficient of determination (R²) of 0.734. These findings indicate that strengthening positive digital communication and maintaining a strong brand image are essential strategies to enhance user comfort and trust in digital Islamic banking services.
Determinants of successful digital adoption : A Meta-Synthesis Analysis using The TOE Framework Mariani, Ni Wayan Rena; Bagus Raka Suardana, Ida; Martini, Ida Ayu Oka
Sharia Economic and Management Business Journal (SEMBJ) Vol. 7 No. 1 (2026): February
Publisher : Yayasan Darussalam Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62159/sembj.v7i1.1983

Abstract

undertake. This is a form of organizational management's response to increasingly sophisticated technological developments. However, organizations cannot simply digitize and stop there to combat disruption caused by technological developments. In line with the development of AI and increasing public enthusiasm for utilizing technology, organizations must undertake Digital Transformation. Many organizations simply stop at the digitalization process without being able to increase the use of digital technology in their business processes to maximize services. Organizations are unable to carry out digital transformation to maximize the benefits of technology use within the organization. Method: By utilizing the TOE Framework, this study analyzed 85 selected articles using the Prisma protocol. The data analysis technique used bibliometric analysis with VOS viewer and content analysis to identify thematic codes found in the selected articles. Results: There are 4 factors included in the technology component, 6 factors included in the organizational component and 2 factors included in the environmental component. Conclusion: The results of this study explain that the success of digital transformation is not only determined by the technology adopted by the organization, but also the organization's ability to integrate technology with business strategy, organizational capabilities and changes that occur in the organization's external environment
Brand Awareness And Payment Ease to Create Customer Loyalty In The Strategy of Digital Marketing Febriansyah; Anggalia Wibasuri
Sharia Economic and Management Business Journal (SEMBJ) Vol. 7 No. 1 (2026): February
Publisher : Yayasan Darussalam Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62159/sembj.v7i1.1984

Abstract

Background: The rapid development of digital technology has driven a significant transformation in marketing strategies, particularly in utilizing digital marketing as a primary means of reaching and retaining consumers. Method: This study uses a qualitative approach with the aim of understanding in depth how brand awareness and payment ease play a role in shaping customer loyalty in digital marketing strategies. This approach was chosen because it is able to explore the meaning, perceptions, and subjective experiences of consumers that cannot be measured quantitatively. The informant selection technique was carried out using purposive sampling, with the criteria of respondents who actively use digital services (e-commerce or digital transaction-based applications). Data collection was carried out through in-depth interviews, observations, and documentation, in order to obtain rich and contextual data. Results: The combination of brand awareness and payment ease in the case study example can empirically build customer loyalty if carried out through an intermediary internet marketing system which is divided into certain payment zones to build relationships between customers and suppliers as a process in a digital marketing strategy.There are 5 critical factors in this research to build success between brand awareness and payment ease, namely 4 factors in customer interaction techniques with the internet, namely search engine optimization, social media marketing, content marketing and display marketingConclusion: All of these factors can build a good framework for creating customer loyalty in businesses in the current era of internet technology. Brand awareness serves as a cognitive foundation that influences consumer trust and preference for a brand, while payment ease acts as a functional factor that increases convenience and satisfaction during transactions. The integration of these two variables creates a holistic customer experience, ultimately driving repeat purchases and long-term loyalty. Therefore, companies need to develop digital marketing strategies that focus not only on increasing brand visibility but also on optimizing easy, fast, and secure payment systems to enhance business competitiveness and sustainability in the digital economy era.
Transformation of Organizational Models and Structures in the Digital Era: A Systematic Literature Review Dessy Marlina; Yana Setiawan; Janah Sojanah
Sharia Economic and Management Business Journal (SEMBJ) Vol. 7 No. 1 (2026): February
Publisher : Yayasan Darussalam Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62159/sembj.v7i1.1995

Abstract

Background: Digital transformation has fundamentally changed the global business landscape and the strategic direction of modern organizations. Therefore, this study aims to identify the transformation of organizational models and structures in the digital era. Method: The method used in this study is a Systematic Literature Review with research stages following the PRISMA approach. The research data consists of 30 articles sourced from Google Scholar, Elsevier/ScienceDirect, and Garuda Dikti, covering the period 2020–2025. Results: The findings indicate that organizational models and structures in the digital era are shifting from traditional hierarchical forms to adaptive, collaborative, and agile structures that enable rapid responses to environmental changes. Digital leadership and organizational culture emerge as key success factors, with leaders acting as agents of change and an innovative culture supporting the internalization of values such as collaboration and continuous learning. The study further found that digital capabilities including digital platforms, AI, and data analytics play a dual role as catalysts for efficiency and drivers of innovation, improving data-driven decision-making and overall organizational performance. An effective digital transformation strategy requires integrated management of digital maturity, adaptive governance, and change risk management, enabling organizations to balance operational efficiency with continuous innovation. Conclusion: This research confirms that organizational transformation in the digital era is an adaptive process that requires synergy between structure, culture, leadership, digital capabilities, and strategy to achieve long-term success.
The Embracing Digital Banking: An Innovation Acceptance Model Perspective in Indonesian Islamic Banks M. Fauzan; Andri Soemitra; Marliyah
Sharia Economic and Management Business Journal (SEMBJ) Vol. 7 No. 1 (2026): February
Publisher : Yayasan Darussalam Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62159/sembj.v7i1.2006

Abstract

Background: This study investigates the determinants of users’ behavioral intention to adopt Islamic digital banking in Indonesia through the lens of the Innovation Acceptance Model (IAM). The purpose of this research is to identify which factors business support, perceived trust, perceived ease of use, perceived usefulness, attitude, perceived behavioral control, and perceived economic considerations significantly influence adoption intention Method: A mixed-methods design was employed, combining Structural Equation Modeling Partial Least Squares (SEM-PLS) to assess demand-side perceptions with Analytic Network Process (ANP) to prioritize supply-side strategies for Islamic banks Results: The findings reveal that business support, trust, ease of use, usefulness, attitude, and behavioral control positively and significantly shape behavioral intention, while the economic factor does not exert a significant effect. This suggests that in the context of Islamic finance, trust, Sharia compliance, security, and convenience outweigh financial considerations in driving adoption. The results also highlight the pivotal role of institutional support and digital literacy in shaping favorable perceptions, especially among student and young adult users who formed the majority of the sample. Conclusion: The novelty of this research lies in applying IAM to Islamic digital banking, demonstrating that not all theoretical constructs universally apply, thereby offering opportunities for contextual refinement of the model. Practically, the study emphasizes the need for Islamic banks to enhance support services, ensure visible Sharia compliance, simplify user experiences, and strengthen trust mechanisms. Overall, this research contributes to both theory and practice by broadening the understanding of digital banking adoption within a faith-based financial system. findings, implications, and the novelty of the study
Towards a Bankable Biomass Energy System: A Systematic Review of Business Models and Optimization of the Palm Oil Waste Value Chain Yuli Usaid, Prasetyo; Refiana Said, Laila; Topan Aditya Rahman, Raden; Saprudin, Eka; Akhmadi, Ira; Jayen, Fredy; Shaddiq, Syahrial; Chandran, Krittika; Qasim Ali, Muhammad
Sharia Economic and Management Business Journal (SEMBJ) Vol. 7 No. 1 (2026): February
Publisher : Yayasan Darussalam Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62159/sembj.v7i1.2020

Abstract

Background: Transformasi sistem energi global menuju netralitas karbon memerlukan mobilisasi investasi masif dalam energi terbarukan, termasuk bioenergi dari limbah biomassa kelapa sawit yang memiliki potensi sangat besar namun belum dimanfaatkan secara optimal. terhadap literatur tentang teknologi konversi biomassa kelapa sawit, model bisnis, optimasi rantai nilai, dan penilaian bankability untuk mengidentifikasi kesenjangan pengetahuan dan mengembangkan framework konseptual terintegrasi Method: Penelitian ini melakukan tinjauan sistematis dengan menggunakan pendekatan Systematic Literature Review (SLR) dengan protokol PRISMA dan kerangka SALSA. Results: penelitian ini menganalisis 42 artikel jurnal internasional open access yang dipublikasikan antara 2018–2025 dari database DOAJ, MDPI, Frontiers, SpringerOpen, dan Wiley Open access. Hasil penelitian menunjukkan bahwa literatur yang ada didominasi oleh studi teknis konversi biomassa dengan fokus terbatas pada aspek model bisnis dan bankability. Analisis tekno ekonomi menunjukkan variasi kinerja finansial yang sangat luas, dengan IRR berkisar 6,75%–22%, NPV dari negatif hingga positif signifikan, dan payback period 2,9–10,8 tahun. Penelitian ini mengidentifikasi kesenjangan kritis dalam integrasi antara optimasi teknis, model bisnis, dan penilaian bankability, serta mengusulkan framework konseptual terintegrasi yang menghubungkan ketiga dimensi tersebut untuk mendukung pengembangan sistem energi biomassa yang viable secara ekonomi dan menarik bagi investor. Conclusion: The results show a dominance of technical studies, while business and bankability aspects are still limited. Project financial performance varies (IRR 6.75%–22%) with high levels. Integration between technical, economic, and financial aspects was found. This study proposes an integrated conceptual framework linking value chain optimization, business models, and bankability assessment to improve investment feasibility and encourage the development of sustainable and attractive biomass energy systems for investors.
Ethnomethodological Study of The Disclosure of Good Government In Cingkreman Practices Suryantari, Eka Putri; Cahyadi, Diah Citra Resmi; Suarjana, I Wayan
Sharia Economic and Management Business Journal (SEMBJ) Vol. 7 No. 1 (2026): February
Publisher : Yayasan Darussalam Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62159/sembj.v7i1.2031

Abstract

Background: This study aims to reveal the existence of good governance practiced in cingkreman, namely the practice of family financial planning based on social values, cultural life and religious activities of Hindus carried out by community groups in a community based on group beliefs and agreements. Method: This research is a qualitative study using an interpretive paradigm and an ethnomethodological approach. Data collection was conducted through observation, in-depth interviews, and documentation. Data analysis was then carried out using Garfinkel Analysis. Results: The results of this study successfully revealed the existence of good governance in Sekaa Cingkreman. The findings of this study provide an overview that the good governance implemented in Sekaa Cingkreman is a crucial foundation for realizing the sustainability of an informal organization formed from shared interests and social agreements, namely conducting financial planning to meet the needs of implementing religious and cultural activities. Conclusion: This research provides theoretical implications and enriches the study of good governance and plays a role in the sustainability of the cingkreman practice as a culture-based financial planning practice. Therefore, it can be used in future scientific studies in culturally-based financial planning research and research on good governance. The novelty of this research is that it reveals the application of good governance in a culture-based financial planning practice carried out by parties who are members of the Sekaa Cingkreman
Green Halal Business Model: Integrating Maqasid al-Shari'ah into Circular Economy Practices for Sustainable Competitive Advantage Khadijatul Z. Harahap, Ade; Rahmat
Sharia Economic and Management Business Journal (SEMBJ) Vol. 7 No. 1 (2026): February
Publisher : Yayasan Darussalam Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62159/sembj.v7i1.1938

Abstract

Background: This study aims to propose an integrative framework of the "Green Halal" business model that synergizes the dimensions of Maqasid al-Shari'ah with the principles of a circular economy to achieve sustainable competitive advantage. The urgency of this research is based on the low waste recycling rate in Indonesia, which only reaches 10-12%, amidst the rapid growth of the national halal industry Method: Using an exploratory qualitative approach through literature review and content analysis, this study analyzes how Islamic noble values are transformed into modern operational strategies. Results: The results of the study indicate that the integration of the dimensions of Hifz al-Bi'ah (environmental protection) and Hifz al-Mal (protection of wealth through efficiency) can transform wasteful linear production patterns into regenerative circular systems. The implementation of Digital Halal Traceability technologies such as Blockchain and IoT is identified as a key driver in ensuring supply chain transparency while minimizing the carbon footprint. The novelty of this research lies in the use of Maqasid al-Shari'ah as an operational ethical compass that positions the circular economy not merely as a management trend, but as a theological obligation. Conclusion: This study concludes that the "Green halal" model provides a competitive advantage through cost leadership and value differentiation for increasingly environmentally conscious consumers

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