cover
Contact Name
Priyonggo Suseno
Contact Email
061002218@uii.ac.id
Phone
-
Journal Mail Official
editor.risfe@uii.ac.id
Editorial Address
Center for Islamic Economics and Development Studies (CIEDS) Faculty of Business and Economics, Universitas Islam Indonesia Jl. Prawiro Kuat, Ngringin, Condongcatur, Depok, Sleman Daerah Istimewa Yogyakarta, Indonesia, 55283
Location
Kab. sleman,
Daerah istimewa yogyakarta
INDONESIA
Review of Islamic Social Finance and Entrepreneurship
ISSN : -     EISSN : 2963847X     DOI : https://doi.org/10.20885/RISFE
AIMS AND SCOPE Aims Review of Islamic Social Finance and Entrepreneurship covers in detail a large number of topics related to Islamic Social Finance, comprising the latest empirical studies, country-specific studies, policy evaluations on Islamic sosial finance and entrepreneurship. This journal provides a forum for scientific exchange for academicians, practitioners, keen observers, and independent researchers, by publishing high-quality theoretical, empirical, and policy contributions. Scope: Islamic social finance: - Zakat Management - Zakat Collection - Zakat Distribution - Development of zakat Institution - Global zakat system and sustainable zakat accounting - Islamic social finance in post-pandemic period - Building sustainable Islamic social finance ecosystem - The role of Fintech in optimizing the social function of Islamic finance - Sustainable development goals and Islamic finance - Cash waqf endowment for Sustainable development - Implication of Islamic accountability for waqf - Islamic social finance through waqf - Good government for Islamic endowment - Takaful overview, growth and models - Governance mechanism of takaful market - Takaful product, service and customer perception - Islamic microfinance, principles of performance and problems - Islamic microfinance for sustainable development - Islamic microfinance for female empowerment - The role of the banking sector in operationalizing - Islamic social finance in post-pandemic period - Building sustainable Islamic social finance ecosystem - The role of Fintech in optimizing the social function of Islamic finance - Sustainable development goals and Islamic finance Islamic entrepreneurship: - Innovativeness and risk-taking - Ethics and social responsibility - The Muslim entrepreneurs among micro/small entreprises - Women Entrepreneurship Development - Islamic entrepreneurship mind programming on entrepreneurial performance - Technological innovation and entrepreneurship - Social welfare services in the social entrepreneurship context - Human resource in the Islamic sector and academic entrepreneurship - The role of enterprise architecture in enterprise integration - Model of strengthening the entrepreneurship character - Islamic venture capital as financing alternative of Muslim entrepreneurs - Islamic entrepreneurship education model for higher education institution
Articles 7 Documents
Search results for , issue "Volume 3 Issue 2, 2024" : 7 Documents clear
Public entrepreneurship, municipal performance, and political capacity's moderating role in Niger state Ahmed, Mohammed; Umar, Mohammed-Bello Habiba
Review of Islamic Social Finance and Entrepreneurship Volume 3 Issue 2, 2024
Publisher : Center for Islamic Economics and Development Studies [P3EI]

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/RISFE.vol3.iss2.art4

Abstract

Purpose – This study investigates the moderating role of political capacity (PC) in the relationship between public entrepreneurship (PE) and local government performance (LGP) in Niger State, Nigeria, using structural equation Modelling (SEM).Methodology – This study is a quantitative research based on a sample of 1,396 employees from four local government areas in Niger State, Nigeria. A non-probability sampling method was utilized, and the data were analyzed using STATA version 17 to obtain descriptive statistics, perform a normality test, assess factor loadings, and conduct correlation and SEM analyses.Findings – The analysis revealed that the mean values of public entrepreneurship, political capacity, and local government performance were low. The SEM analysis found that political capacity significantly moderates the relationship between public entrepreneurship and local government performance and establishes a direct relationship between public entrepreneurship, political capacity, and the performance of local governments.Implications – This study suggests that political capacity should be considered in the administration of local governments, as it can lead to more effective management of municipalities.Originality – No previous research has explored the relationship between political capacity, public entrepreneurship, and local government performance using SEM in the context of local government administration.
Innovation in Islamic finance: Review of organized banking Tawarruq Dewaya, Muhammad Abdullah
Review of Islamic Social Finance and Entrepreneurship Volume 3 Issue 2, 2024
Publisher : Center for Islamic Economics and Development Studies [P3EI]

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/RISFE.vol3.iss2.art7

Abstract

Purpose – This research aims to discuss innovation in Islamic finance and banking products by analyzing organized banking Tawarruq as a sample of innovation. Innovation in Islamic finance is to provide Sharī῾ ah-compliant solutions for the actual needs of the industry. Studying organized banking Tawarruq was essential because it was a practical solution for cash financing as an alternative to ribā-based loans. This approach helped identify the challenges and opportunities for the development of Sharī῾ah structures and set innovation boundaries, goals, and impacts. Methodology – This is an analytical qualitative study. It analyzed contemporary research papers from three major markets: Indonesia, Malaysia, and the GCC. The focus was on organized Tawarruq because its innovation was for liquidity and cash purposes, which is a vital matter for financing and a challenge for Islamic banks. Findings – The organized Tawarruq and international Commodity Murābaḥah detailed applications may vary in different regions. There have been attempts to improve these shortcomings and provide a remedy to Sharī῾ah non-compliance. Standardizing pragmatic filters to avoid non-Sharī῾ah compliance and focus on moral and ethical guidelines is necessary to preserve the growth and reputation of Islamic finance. Integrating Islamic finance and Islamic social finance can create new opportunities for socially responsible innovations.Implications – These calls for Islamic banks to invest more in innovation. Create R&D funds to provide innovative, viable, and Sharī῾ah compliant liquidity solutions. Originality – Evaluating the organized Tawarruq and commodity Murābaḥah from an innovation perspective is a unique approach to learn from existing shortcomings and avoid reproducing the same mistakes.
Enhancing loyalty in Islamic hospitals: Exploring customer experience as mediating variables Purnama, Chamdan; Rahmah, Mirhamida; Fatmah, Dinda; Hasani, Syaiful; Rahmah, Yusriyah; Rahmah, Zakiyah Zulfa; Mulyono, Sugeng; Anam, Chairul
Review of Islamic Social Finance and Entrepreneurship Volume 3 Issue 2, 2024
Publisher : Center for Islamic Economics and Development Studies [P3EI]

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/RISFE.vol3.iss2.art2

Abstract

Purpose – This study investigates the impact of service quality and corporate image on customer experience and loyalty within health institutions.Methodology – Utilizing a correlation research design, data were collected from 80 hospital patients using a purposive sampling technique. Data were analyzed using regression analysis in SPSS version 25.Findings – The findings reveal that Service quality and corporate image significantly enhance customer experience. Moreover, while service quality directly influences loyalty, the impact of corporate image on loyalty is mediated by customer experience.Implications – The study suggests Hospitals should focus on improving service efficiency, communication, and patient satisfaction in order to strengthen patient loyalty. Additionally, cultivating a positive corporate image through patient interactions can further enhance the customer experience, leading to increased loyalty. Originality – This study introduces a novel conceptual model that integrates customer experience as a mediating variable to explain loyalty dynamics in health institutions. This study's contributions are particularly relevant for hospital management, although the relatively small sample size may limit the broader applicability of the results.
Integration of productive waqf in Sharia insurance: Enhancing investment and life protection Ahyani, Hisam; Solehudin, Ending; Mutmainah, Naeli; Adnan, Nurul Ilyana Muhd
Review of Islamic Social Finance and Entrepreneurship Volume 3 Issue 2, 2024
Publisher : Center for Islamic Economics and Development Studies [P3EI]

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/RISFE.vol3.iss2.art5

Abstract

Purpose – This study investigates the integration of productive waqf into Sharia insurance in Indonesia and its contribution to investment benefits and life protection. It aims to explore how waqf can enhance the economic and social impacts of Sharia insurance products.Methodology – A qualitative approach was employed, involving a comprehensive review of the literature on waqf, Sharia insurance, and Islamic finance. Additionally, interviews were conducted with experts in Sharia insurance and waqf management to gather insights into the current practices and challenges.Findings – This study reveals that productive waqf initiatives within Sharia insurance have the potential to significantly improve investment returns and expand the scope of life protection benefits offered to participants. It identifies key areas in which waqf funds can be deployed effectively, such as long-term investment projects and social welfare programs.Implications – The findings have practical implications for policymakers, Sharia insurance providers, and waqf administrators in enhancing collaboration to maximize the socio-economic benefits of waqf. By integrating waqf into insurance products, stakeholders can foster sustainable development and financial inclusivity.Originality – This study contributes to the literature by offering insights into the innovative use of waqf within the dynamic context of Sharia insurance. It underscores the originality of leveraging waqf assets to address contemporary socioeconomic challenges and promote ethical finance principles.
Examining Gen Z's intention using halal toiletries: Theory of planned behavior and perceived risk Andani, Listia; Bundo, Mayang; Ramly, Arroyyan
Review of Islamic Social Finance and Entrepreneurship Volume 3 Issue 2, 2024
Publisher : Center for Islamic Economics and Development Studies [P3EI]

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/RISFE.vol3.iss2.art3

Abstract

Purpose – This study aimed to formulate a conceptual framework to investigate the influence of attitude, perceived behavioral control, subjective norms, financial risk, social risk, and security risk on the intention to use halal toiletries among Gen Z consumers in West Java.Methodology – Purposive sampling was used in this study. The respondents were 400 Gen Z Muslims residing in West Java Province. Data analysis was conducted using Structural Equation Modeling with Partial Least Squares (SEM-PLS).Findings – Variables from the Theory of Planned Behavior (attitude, subjective norms, and perceived behavioral control) positively influenced the intention to use halal toiletries. Financial, social, and security risks negatively impact Gen Z consumers' intentions to use halal toiletries.Implications – Halal toiletries should focus on enhancing product performance to receive positive consumer feedback and increase interest. Additionally, they need to promote community engagement; improve product accessibility and user-friendliness; and address security, social, and financial risks to effectively boost consumer intention.Originality – This research integrates components of risk perception with the Theory to create a comprehensive framework for understanding Gen Z’s intention to use halal toiletries. It contributes to the literature by highlighting how specific types of risks impact consumer intentions and offers actionable recommendations for the halal toiletries industry based on empirical evidence.
A Bibliometric analysis of green sukuk literature Prayogo, Syamsi Mustofa Singgih; Raditya, Aji; Sarea, Adel
Review of Islamic Social Finance and Entrepreneurship Volume 3 Issue 2, 2024
Publisher : Center for Islamic Economics and Development Studies [P3EI]

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/RISFE.vol3.iss2.art6

Abstract

Purpose – The objective of this study is to provide a comprehensive analysis of the current body of literature on green sukuk.Methodology – To achieve this objective, this study uses a bibliometric analysis and visualization and mapping of green sukuk research from to 2015-2023. The process of retrieving data through the Scopus database with the keywords "green sukuk" OR "global green sukuk" OR "retail green sukuk" OR "project based green sukuk.” Findings – The findings included the identification of the most pertinent journals, highly cited articles, prominent authors, nations with prolific publishing in green sukuk, top research affiliations, and journal quality. The study also highlights the fundamental factors that contribute to the emergence of green sukuk, such as the incorporation of Islamic finance principles, adherence to green bond standards, emphasis on sustainability, implementation of environmental, social, and governance (ESG) principles, and the desire of investors to buy such instruments. Implications – This study examines the effects of government policies on the issuance of green sukuk to support all 2030 Sustainable Development Goals (SDGs) programs, particularly in mitigating and preventing the negative effects of climate change. Furthermore, it examines the potential consequences for future studies, as other scholars can use the discoveries of this analysis to investigate new research prospects concerning the correlation between green sukuk and sustainable development goals (SDGs).Originality – The analysis provides insights into the evolution of green sukuk, identifies gaps in current research, and highlights emerging areas of interest.
The impact of socio-cultural factors on entrepreneurial failure in Soran city Salih, Ehsan; Mahmood, Emdad Khaleel; Mustafa, Zhian Bwrhan; Ado, Samian Karim; Ahmad, Rebar Maghdid
Review of Islamic Social Finance and Entrepreneurship Volume 3 Issue 2, 2024
Publisher : Center for Islamic Economics and Development Studies [P3EI]

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/RISFE.vol3.iss2.art1

Abstract

Purpose – The purpose of this study is to explore the impact of socio-cultural factors on entrepreneurial failure in Soran City, aiming to identify the key cultural influences that affect entrepreneurial outcomes and to propose a theoretical framework that explains these dynamics.Methodology – The research employed a qualitative approach, conducting structured interviews with 10 purposively sampled entrepreneurs who hold leadership roles in the entrepreneurial community of Soran. Data collection involved preparing, structuring, and organizing interview transcripts, followed by coding to identify themes and patterns. The analysis then focused on interpreting the socio-cultural significance of the identified factors in relation to entrepreneurial failure.Findings – This study found that socio-cultural factors significantly influence entrepreneurial outcomes. The key factors identified included societal values and norms, gender roles, family background, and educational background. While gender did not emerge as a prominent factor in this study, other socio-cultural elements played a critical role in shaping entrepreneurial success or failure.Implications – The findings highlight the importance of understanding cultural nuances in entrepreneurship. The study suggests that promoting an entrepreneurial culture through targeted community training workshops, educational courses, and media initiatives could enhance entrepreneurial activity and reduce the risk of failure in Soran.Originality – This research introduces the multidimensional socio-cultural constraints theory (MDSC Theory), which provides a novel explanation of how various socio-cultural factors cumulatively contribute to entrepreneurial failure. This theory offers a new perspective on the challenges faced by entrepreneurs in culturally specific contexts, emphasizing the need for culturally informed strategies to foster entrepreneurial success.

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