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Dedi Junaedi
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dedijunaedi@gmail.com
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+628118114379
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Lembaga Publikasi Ilmiah (LPI) Institut Agama Islam (IAI) Nasional Laa Roiba Bogor Jl Raya Pemda Pajeleran Sukahati No 41 Cibinong, Bogor 16913 Telp 021-8757150 HP 08118114379 Email: alkharaj@journal-laaroiba.com Web http://journal-laaroiba.com/ojs/index.php/alkharaj
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INDONESIA
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
ISSN : 26562871     EISSN : 26564351     DOI : https://doi.org/10.47467/alkharaj
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah is a scientific journal published by Pusat Riset dan Kebijakan Strategis PRKS) of  Institut Agama Islam Nasional (IAI-N) Laa Roiba Bogor in collaboration with Masyarakat Ekonomi Syariah (MES) and Intelectual Association for Islamic Studies (IAFORIS) . This journal contains scientific papers from academics, researchers and practitioners in the fields of Islamic economics, finance and business research. E-ISSN 2656-4351 ISSN Print 2656-2871   DOI: 10.47467/alkharaj  Starting from Volume 1 Number 1 2019 to Volume 6 Number 3 of 2024 published on the website with the URL https://journal.laaroiba.ac.id/index.php/alkharaj. Starting from Volume 6 Number 4 2024 onwards it will be published with the URL https://journal-laaroiba.com/ojs/index.php/alkharaj.
Articles 2,281 Documents
Peran Kepuasan Kerja Sebagai Intervening pada Hubungan Work-Life Balance dan Lingkungan Kerja Terhadap Loyalitas Karyawan di PT XYZ Sarmin Sarmin; Soedjatmoko Soedjatmoko; Aji Wuryoko; Pika Dwi Marliana
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 8 No. 5 (2026): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v8i5.11492

Abstract

This study aims to examine the role of work–life balance and the work environment in shaping employee loyalty, with job satisfaction acting as a mediating variable, at PT XYZ operating in the aviation industry. A quantitative approach with an associative research design was employed. Data were collected through a structured questionnaire distributed to employees and subsequently analyzed using multiple linear regression and path analysis to assess both direct and indirect relationships among the variables. The analysis results show that WLB and the work environment have been proven to have a significant and positive influence on job satisfaction. Meanwhile, both variables also have a positive and significant impact on employee loyalty. The findings of the path analysis revealed that job satisfaction functions as an intervening variable in the relationship between WLB and employee loyalty, where the indirect effect through job satisfaction (0.356) is greater than the direct effect (0.264). A similar pattern was also found in the relationship between the work environment and employee loyalty, with an indirect effect of 0.284 exceeding the direct effect of 0.121. These results indicate that job satisfaction has a strategic role in strengthening employee loyalty.
Pengaruh Produk Domestik Regional Bruto, Indeks Pembangunan Manusia, Jumlah Penduduk, dan Tingkat Pengangguran Terbuka Terhadap Kemiskinan di Kabupaten/Kota Provinsi Nusa Tenggara Barat Tahun 2017-2024 Syakinah Muaddah; Iwan Harsono
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 8 No. 5 (2026): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v8i5.11513

Abstract

Poverty is a complex problem and affects many aspects of people's lives and development. Its dynamics are influenced by economic conditions, human resource levels, and different social structures in various regions, so appropriate policies are needed according to the problems faced. This study aims to analyze the effect of gross regional domestic product, human development index, population, and open unemployment rate on poverty in the regencies/cities of West Nusa Tenggara Province. This research is a quantitative study, the data used is panel data from 10 regencies/cities in West Nusa Tenggara Province in 2017-2024 and analyzed using panel data regression with the best model is the Fixed Effect Model (FEM). The results show that gross regional domestic product has a positive but insignificant effect on the poverty rate, the human development index has a negative but significant effect on poverty, population has a positive and significant effect on poverty, and the open unemployment rate has a negative but insignificant effect on poverty in the regencies/cities of West Nusa Tenggara Province.
Peran Influencer marketing dan Parasocial relationship dalam Purchase decision Gen Z Ahmad Zulfadar; Muhammad Hamdi; Maulana Ahnaf Fauzan
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 8 No. 5 (2026): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v8i5.11625

Abstract

This study aims to analyze the influence of influencer marketing on the purchase decisions of Indonesian Generation Z and to examine the mediating role of parasocial relationships in this relationship. The background of this study is based on Gen Z's increasing dependence on social media as a source of product information and the high influence of credibility and emotional attachment to influencers. The study used a quantitative approach through an online survey of 234 respondents who actively use social media. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results show that influencer marketing has a significant positive effect on parasocial relationships and purchase decisions. In addition, parasocial relationships were found to strongly mediate the relationship between the two, indicating that emotional closeness is a major factor driving Gen Z's purchasing decisions. These findings confirm the importance of authenticity and social connectedness in influencer marketing strategies. This study provides theoretical and practical contributions to the development of parasocial relationship based digital marketing strategies.
Pengaruh Asimetri Informasi, Profitabilitas, dan Pertumbuhan Perusahaan Terhadap Nilai Perusahaan Ilham Pauzi; Barlia Annis Syahzuni
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 8 No. 5 (2026): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v8i5.11658

Abstract

This study investigates the influence of information asymmetry, profitability levels, and business growth on company value the transportation and logistics sector. The sample comprises nineteen companies listed on the Indonesia Stock Exchange from 2022 to 2024, totaling fifty-seven observations. Information disparity proxied by the bid-ask spread, profitability is measured via net profit margin, and corporate growth is calculated based on total asset increases. Company value is represented by the Tobin’s Q. Data analysis followed a panel data approach, with model selection conducted through Chow and Hausman tests. The estimation utilized a Fixed Effect Model integrated with robust standard errors to ensure the model passed simultaneous significance tests while producing more accurate estimation parameters. Research findings indicate that the three independent variables simultaneously affect business value, as evidenced by the significant F-test result. Partial testing reveals that profitability exerts significant positive impact, information asymmetry shows no influence, whereas corporate growth demonstrates a significant negative effect. These results suggest that increased profits do not necessarily enhance market valuation if investors doubt performance sustainability. Practically, firms must balance profitability and sustainable growth strategies to maintain investor confidence. Future research should incorporate corporate governance as monitoring mechanism to better understand firm value determinants.
Analisis Pengaruh Earnings Per Share, Inflasi, dan Suku Bunga Terhadap Return Saham Latifah Choirunnisa' Kusuma Wardani; Novera Kristianti Maharani
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 8 No. 5 (2026): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v8i5.11681

Abstract

This study aims to understand the effect of earnings per share, inflation, and interest rates on stock returns. This study utilizes a collection of companies consistently listed on the Indonesia Stock Exchange from 2022 to 2024. Data for this study is sourced from annual reports, the Consumer Price Index (CPI), and the BI rate. The sampling technique used was purposive sampling, and data from 138 companies were obtained. This study used measurements of earnings per share (annual EPS), inflation (annual inflation rate), and interest rates (average annual interest rate). This data was processed using linear regression analysis with Stata software. The results of this study indicate that earnings per share has a positive and significant effect on stock returns, while inflation and interest rates have a negative and significant effect on stock returns.
Peran Penggunaan Platform Digital Pemerintah Kabupaten Rembang dalam Membangun Kepercayaan Publik Wiwik Mugiyono; Sutono Sutono; Mulyanto Mulyanto
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 8 No. 5 (2026): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v8i5.11711

Abstract

Digital transformation in government has encouraged local governments to improve public service quality and strengthen public trust through the utilization of digital platforms. The Rembang Regency Government utilizes various digital platforms including websites, mobile applications, and social media to enhance transparency, interaction, and public communication effectiveness. This study aims to analyze the role of government digital platforms in building public trust and identify supporting and inhibiting factors using SWOT, IFAS, and EFAS analysis. This research employs a descriptive qualitative method using interviews, observations, and documentation as data collection techniques. The results indicate that digital platforms play an important role in increasing transparency and public engagement. The main strengths lie in information openness and platform diversity, while the weaknesses include limited digital literacy and system integration. Opportunities arise from increasing digital adoption in society, while threats include digital divide and misinformation. The recommended strategies include strengthening platform integration, improving content quality, and enhancing digital literacy. Transparency and responsiveness are identified as key factors in building public trust through digital government platforms.
Pengaruh Harga dan Kualitas Produk Terhadap Kepuasan Konsumen Brand Skincare Halal: Studi Kasus: Mahasiswa Kampus Kemandirian Sidoarjo Diah Oktaviani; Saifuddin Saifuddin
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 8 No. 5 (2026): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v8i5.11714

Abstract

The rapid growth of the halal skincare industry in Indonesia has triggered increasingly fierce competition among brands. This phenomenon pressures companies to develop competitive pricing strategies while maintaining superior product quality, with the aim of achieving optimal consumer satisfaction. Consumer satisfaction is a crucial factor because it directly influences customer loyalty and continued product usage. This study focuses on students at the Kemandiri Campus in Sidoarjo as research subjects. This group represents young, critical, rational consumers with a high awareness of Islamic values. As members of an Islamic educational institution, they tend to prioritize halal aspects, superior quality, and affordable prices when choosing skincare products. Furthermore, the increasing demand among students for safe, economical, and sharia-compliant skincare products makes halal skincare a contextually relevant research topic. This study aims to examine the influence of price and product quality on consumer satisfaction with halal skincare products among students at the Kemandiri Campus in Sidoarjo. A quantitative approach was applied, involving 100 respondents selected through purposive sampling. Data were collected through a questionnaire, followed by validity, reliability, and classical assumption tests, with hypothesis testing using the F test and t test. The results showed a t probability value of 0.001 for price and 0.000 for quality (both <5%), thus proving a significant positive influence.
Pengaruh Kualitas Produk, Citra Merek, dan Persepsi Hargaterhadap Keputusan Pembelian Konsumen di Kota Surabaya Pada Produk Viva Cosmetics Izah Bana Murtazah; Ade Rishna Hidayah Shafira Buchori
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 8 No. 5 (2026): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v8i5.11725

Abstract

This study aims to analyze the influence of product quality, brand image, and price perception on purchasing decisions for Viva Cosmetics products in Surabaya. The background of this study is based on the increasingly fierce competition in the cosmetics industry and fluctuations in the Viva Cosmetics Top Brand Index, necessitating appropriate strategies to improve consumer purchasing decisions. This study used a quantitative method with a causal associative approach. The population in this study were consumers residing in Surabaya who had purchased Viva Cosmetics products, with a sample of 30 respondents selected using a purposive sampling technique. Data were collected through a Likert-based questionnaire and analyzed using multiple linear regression with SPSS 23. The results showed that product quality, brand image, and price perception, both partially and simultaneously, had a positive and significant influence on purchasing decisions. Partially, product quality had a significance value of 0.015, brand image 0.001, and price perception 0.004 (p < 0.05). Brand image was the variable with the most dominant influence on purchasing decisions. The coefficient of determination (R²) of 0.787 indicates that 78.7% of the variation in purchasing decisions can be explained by the three independent variables, while the remaining 21.3% is influenced by other variables outside the study. Therefore, improving product quality, strengthening a more modern brand image, and setting prices that align with consumer value perceptions can encourage increased purchasing decisions for Viva Cosmetics products in Surabaya.
“Pengaruh Pajak dan Retribusi Daerah Terhadap Pertumbuhan Ekonomi dengan Kemandirian Daerah Sebagai Variabel Mediasi pada Kabupaten/Kota Provinsi Nusa Tenggara Barat Tahun 2017-2023” Dima Dwiyana Halil; Baiq Ismiwati; Iwan Harsono
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 8 No. 5 (2026): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v8i5.11726

Abstract

Regional economic growth is highly dependent on the capacity of local governments to manage their own revenues, particularly through the optimization of local taxes and levies. However, in West Nusa Tenggara Province, the level of regional independence still faces challenges due to the dominant role of transfer funds from the central government in the regional revenue structure. This study aims to analyze the effect of local taxes and levies on economic growth with regional independence as an intervening variable. This study uses a quantitative approach with an associative method and utilizes secondary data sourced from government financial reports. There are 70 observations in this study obtained from panel data of districts/cities in West Nusa Tenggara Province during the research period. Data analysis was performed using path analysis with the help of EViews software, and the regression model used was the Fixed Effect Model (FEM). Hypothesis testing included t-tests, F-tests, adjusted R-squared, and Sobel tests to examine the mediating role. The results showed that local taxes had a significant effect on regional autonomy and economic growth. Local levies did not have a significant effect on regional autonomy but had a significant effect on economic growth. Regional autonomy did not have a significant effect on economic growth. Based on the Sobel test, the results show that regional autonomy is unable to mediate the influence of regional taxes and levies on economic growth. This finding indicates that regional economic growth is still more influenced by factors other than regional fiscal autonomy.
Pengaruh Shopping Lifestyle, Online Store Beliefs, dan Flash Sale Terhadap Impulse Buying Produk Skintific pada Pengguna Shopee di Surabaya Ade Rishna Hidayah Shafira Buchori; Izah Bana Murtazah
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 8 No. 5 (2026): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v8i5.11729

Abstract

Impulse buying is a form of quick reaction without any planning to decide to shop. This study aims to determine the effect of Shopping Lifestyle, Online Store Beliefs, and Flash Sales on impulse buying. Sampling used a purposive sampling method. Data collection was carried out through a questionnaire measured with a Likert scale. The data analysis test used in this study refers to the multiple linear regression test. Based on the results of the research that has been conducted, it can be concluded that the three variables simultaneously have a significant effect on Impulse Buying. The Shopping Lifestyle and Flash Sale variables partially have a significant positive effect on impulse buying, while the Online Store Beliefs variable partially has no significant effect on Impulse Buying.

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