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<![CDATA[The Influence of Islamic Business Ethics Implementation on Traditional Traders in Pamekasan, Madura ]]>
<![CDATA[Akbar, Farid]]>;
<![CDATA[Yenny Kornitasari]]>
<![CDATA[ Islamic Economics and finance in Focus Vol. 4 No. 2 (2025) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Brawijaya ]]>
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DOI: 10.21776/ieff.2025.04.2.10
<![CDATA[The market has a role as a place to mingle and carry out buying and selling transactions for various products for all levels of society. The increasingly rapid economy currently requires various parties to improve their performance and business in order to be able to compete with other parties, including business owners trading in traditional markets. The 17 August Market in Pamekasan Regency is one of the largest traditional markets in Pamekasan Regency, which is located in East Java Province with the highest level of market development in Indonesia. Increasing demands encourage traders to use transaction methods that are less in accordance with Islamic law. For example, neglecting prayers, committing fraud such as reducing scales, unclear expiration dates for goods sold, traders being unfriendly to buyers, and treating buyers differently. So in this research an analysis was carried out of the influence of the variables Tauhid (X1), Balance (X2), Balance (X3), Responsibility (X4), and Ihsan (X5) on Trader Behavior (Y). Based on the calculation of multiple linear regression analysis, the five variables play a significant role in the Trader Behavior variable, with the Tauhid variable (X1) having the most dominant influence.]]>
<![CDATA[The Influence of Trust, Income, and product Knowledge on Female College Students in Malang City in Purchasing Wardah Cosmetic Products ]]>
<![CDATA[Anisa Nurmawati]]>;
<![CDATA[Sri Muljaningsih]]>
<![CDATA[ Islamic Economics and finance in Focus Vol. 4 No. 2 (2025) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Brawijaya ]]>
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DOI: 10.21776/ieff.2025.04.2.01
<![CDATA[The objective of this study is to examine the effect of trust, income, and product knowledge on female college students in their purchase of Wardah cosmetics in Malang City. This research is based on the competitive landscape of the cosmetic market in Indonesia, where access to foreign cosmetic products whose halal status is not guaranteed is very easy. Therefore, the researcher aims to investigate the effect of several selected variables on the purchase of Wardah, a local cosmetic brand that has been certified as halal. This study used a quantitative research design, with the independent variables being trust (X1), income (X2), and product knowledge (X3), and the dependent variable being product purchase (Y). The analytical method used is multiple regression analysis by processing data from 40 respondents in Malang City. The results of the study showed that the income variable (X2), based on its indicators, had a positive and significant effect on the product purchase variable (Y), while the trust variable (X1) and product knowledge variable (X3) had a positive but insignificant effect on product purchase (Y). The researcher concludes that the purchase of Wardah cosmetic products by female college students in Malang City will increase if trust, income, and product knowledge also increase.]]>
<![CDATA[The Influence of Inflation, Bi Rate, and Exchange Rate on Islamic Bank Financing for MSME in the Special Capital Region of Jakarta for the 2016-2023 Period ]]>
<![CDATA[Siata, Andi Haikal Rabbani]]>;
<![CDATA[Anggraini, Ika Khusnia]]>
<![CDATA[ Islamic Economics and finance in Focus Vol. 4 No. 2 (2025) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Brawijaya ]]>
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DOI: 10.21776/ieff.2025.04.2.05
<![CDATA[This investigation examines the interconnection between certain macroeconomic variables, namely the general price level change rate (Inflation), BI Rate, and exchange rate fluctuations with financing allocation from Islamic banking for micro, small, and medium-scale business entities in the DKI Jakarta region during the period from 2016 to 2023. This research is motivated by the strategic role of DKI Jakarta as the national economic center with the highest GRDP contribution reaching 16.48% of the national GDP and having 337,429 MSME units that absorb 174,965 workers. The applied methodology is a quantitative approach with Multiple linear regression analysis using existing (secondary) monthly-based data from various sources, including BPS, OJK, and Bank Indonesia. This study found that inflation and exchange rates have a positive influence, while BI Rate has a negative influence on Islamic banking financing. The conclusion of this research is that Inflation, BI Rate, and Exchange Rate significantly affect the distribution of Islamic banking financing for MSMEs in DKI Jakarta. This research provides policy recommendations to support MSMEs and guidance for Islamic banking in developing appropriate products. These findings are expected to serve as a reference for academics, policymakers, and MSME actors in responding to economic dynamics and optimizing the role of Islamic principle-based banking in DKI Jakarta.]]>
<![CDATA[The Influence of Brand Personality, Celebrity Endorser, and Religiosity on Muslim Clothing Consumer Behavior ]]>
<![CDATA[Sharfina Lubis]]>;
<![CDATA[Dias Satria]]>
<![CDATA[ Islamic Economics and finance in Focus Vol. 4 No. 2 (2025) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Brawijaya ]]>
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DOI: 10.21776/ieff.2025.04.2.08
<![CDATA[The Muslim fashion industry is undergoing rapid growth and diversification worldwide, including in Indonesia, where the majority of the population adheres to Islamic principles in terms of personal appearance. The pervasive access to information regarding lifestyles and prevailing trends has led to a societal phenomenon in which millennials feel compelled to emulate the behaviors and lifestyles espoused on social media platforms in order to gain acceptance within their social circles. This perspective stands in contrast to the established principles of Islamic consumption. The role of religiosity in shaping individual preferences and perceptions of brand personality during the consumption process merits further investigation. In the context of purchasing decisions, consumers may experience uncertainty regarding their own preferences or be susceptible to the influence of groups or individuals they believe within the relevant field. The present study employs a quantitative research approach, using an explanatory method. The data analysis method employed in this study utilizes multivariate testing techniques in conjunction with the Structural Equation Modeling (SEM) movement towards Partial Least Square (PLS). The objective of this research is to examine and understand the factors that influence consumer purchasing decisions. It is imperative to acknowledge that consumers possess distinct needs, preferences, and satisfaction levels.]]>
<![CDATA[Differences in Production Costs, Production Quantity and Income of Batik Craftsmen in Recipients and Non-Recipients of ZIS Funds ]]>
<![CDATA[Novia Damayanti, Mika]]>;
<![CDATA[Ajeng Kartika Galuh]]>
<![CDATA[ Islamic Economics and finance in Focus Vol. 4 No. 2 (2025) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Brawijaya ]]>
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DOI: 10.21776/ieff.2025.04.2.09
<![CDATA[The growth in the amount of zakat, infaq and sedekah (ZIS) fund collection has always increased every year, such as in 2010-2017, followed by the growth in ZIS fund distribution. Fund distribution can be either consumptive or productive. One form of fund distribution in the form of productive zakat can be distributed to batik craftsmen. There are two groups of batik craftsmen in Sumurgung Village, namely craftsmen who receive assistance and those who do not receive assistance. This study aims to analyze the differences in production costs, product quantity, and business income of two groups of batik craftsmen. The sample of this study was a group of batik craftsmen who received assistance using the full sampling method and those who did not receive assistance using the convenience sampling method. Data collection was carried out by distributing open questionnaires and interviews through observation to Sumurgung Village. The statistical method used is descriptive analysis and conducting a difference test with an independent sample t-test. The results of the study showed that there were significant differences in the variables of production costs, product quantity and business income between batik craftsmen who received assistance and batik craftsmen who did not receive assistance. Based on the results of the independent sample t-test of several variables that have been tested, batik craftsmen who did not receive assistance had higher scores compared to batik craftsmen who received assistance. The difference occurs because there are differences in production techniques between the two groups, thus having implications for differences in values in each variable tested.]]>
<![CDATA[The Effect of Macroeconomic Conditions and the Global Economy on ISSI Stock Prices ]]>
<![CDATA[Ahmad, Syafiq Malik]]>
<![CDATA[ Islamic Economics and finance in Focus Vol. 4 No. 2 (2025) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Brawijaya ]]>
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DOI: 10.21776/ieff.2025.04.2.02
<![CDATA[This research examines the impact of macroeconomic and global economic variables on ISSI stock performance using quantitative methods based on secondary data. By applying time series regression analysis with OLS (Ordinary Least Square), this study explores the relationship between macroeconomic variables, such as corporate production index, inflation, world oil price, world gold price, and Dow Jones Islamic Market, with changes in ISSI stock prices during the period January 2018 to July 2023. The results showed that the company's production index and the world oil price had a significant effect on the ISSI stock price. Meanwhile, inflation, world gold prices, and DJIM have no significant effect on ISSI stock prices. But overall the independent variables have a considerable influence on the movement of ISSI stock prices. The results of this study are expected to provide in-depth insight into the dynamics of ISSI stock prices and the relative contribution of macroeconomic and global factors in ISSI stock price movements.]]>
<![CDATA[Determinants of Food Waste Behaviors Among Muslim Consumers in Surabaya: The Role of Religiosity and Food Consumption Culture ]]>
<![CDATA[Adam Zulvan]]>;
<![CDATA[Trapsila, Aji Purba]]>
<![CDATA[ Islamic Economics and finance in Focus Vol. 4 No. 2 (2025) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Brawijaya ]]>
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DOI: 10.21776/ieff.2025.04.2.07
<![CDATA[Food waste behavior is closely related to individual consumerist attitudes, which in an Islamic context can be categorized as tabzir. This study aims to identify the factors influencing food waste behavior among Muslim consumers in Surabaya. The study uses the Theory of Planned Behavior (TPB) model and two contextual factors, namely religiosity and food consumption culture, to explain food waste behavior. Data were analyzed using PLS-SEM (Partial Least Square - Structural Equation Modelling) with the assistance of SmartPLS 4 software. The results indicate that all TPB variables significantly influence the intention to reduce food waste, with attitude being the most significant predictor of the intention to reduce food waste. Furthermore, the variables of intention, perceived behavioral control (PBC), religiosity, and food consumption culture also have a significant influence on food waste behavior. High levels of religiosity can inhibit individuals from engaging in food waste, while an unwise food consumption culture will encourage food waste. This study concludes that to prevent food waste behavior, it is necessary to integrate Islamic consumption principles with sustainable consumption culture among Muslims.]]>
<![CDATA[Factors that Affect the Well-Being of Mustahik in the Utilization of Productive Zakat Laznas LMI Malang ]]>
<![CDATA[Ahmad Bay Dzukri]]>;
<![CDATA[Susilo]]>
<![CDATA[ Islamic Economics and finance in Focus Vol. 4 No. 2 (2025) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Brawijaya ]]>
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DOI: 10.21776/ieff.2025.04.2.03
<![CDATA[This article aims to analyze the influence of factors such as type of business, length of effort, work ethic and assistance on the well-being of mustahik in the utilization of zakat at LMI Malang. This study is a quantitative research using a questionnaire using a likert scale and a method applied using multiple linear regression analysis with the help of the SPSS application. There was a sample of 50 respondents consisting of 24 male respondents and 26 female respondents. The results of the study were obtained that the factors of business type, length of business, work ethic, and mentoring have a significant influence on the welfare of mustahik in the utilization of zakat at LAZNAS LMI Malang. As for all of these architectural factors, the type of business, length of business, work ethic, and mentoring explained the influence of 29% on the welfare of the mustahik lAZNAS LMI Malang]]>
<![CDATA[Determinants of the Intention of Generation Z and Millennials to Use Mudarabah Savings at Bank Syariah Indonesia (BSI) ]]>
<![CDATA[Muhammad Abdu Robbih]]>;
<![CDATA[Ika Khusnia Anggraini]]>
<![CDATA[ Islamic Economics and finance in Focus Vol. 4 No. 2 (2025) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Brawijaya ]]>
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DOI: 10.21776/ieff.2025.04.2.04
<![CDATA[Generation Z and Millennials represent a dominant segment of the population with significant potential to drive the growth of the Islamic banking market in Indonesia. This group also demonstrates a strong demand for Sharia-compliant financial products. However, limited research has been conducted to examine the determinants of public interest in mudharabah savings at Bank Syariah Indonesia (BSI), particularly in Malang City. This study aims to analyze the influence of three variables religiosity, income, and Islamic financial literacy on the interest of Generation Z and Millennials in saving through mudharabah at Bank Syariah Indonesia (BSI). A quantitative approach was employed using a survey method involving respondents residing in Malang City. Data analysis was conducted using Structural Equation Modeling-Partial Least Squares (SEM-PLS) with the SmartPLS 4 application. The results indicate that religiosity and Islamic financial literacy have a positive and significant influence on saving interest. In contrast, income does not have a significant impact on the interest of Generation Z and Millennials in saving at BSI. These findings are expected to serve as a valuable reference for Bank Syariah Indonesia (BSI), the government, and academics in designing strategies to enhance youth participation in mudharabah savings products.]]>
<![CDATA[The Effect of Islamic Financial Literacy, Trust, and Financial Self-Efficacy on Islamic Financial Inclusion ]]>
<![CDATA[Natasya, Syifa]]>;
<![CDATA[Achmad Muttaqin, Aminnullah]]>
<![CDATA[ Islamic Economics and finance in Focus Vol. 4 No. 2 (2025) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Brawijaya ]]>
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DOI: 10.21776/ieff.2025.04.2.06
<![CDATA[Although the Islamic financial sector continues to grow in Indonesia, the level of islamic financial inclusion remains relatively low. According to the SNLK 2024 report, the index of islamic financial inclusion stands at only 12,88%, indicating a gap between service availability and public utilization. This study aims to analyze the influence of Islamic Financial Literacy, trust, and financial self-efficacy on islamic financial inclusion in Indonesia. Using a quantitative approach and the Structural Equation Modeling (SEM) method based on Partial Least Squares (PLS), the study involved 217 respondents who are users of islamic financial services. The results show that all three independent variables have a positive and significant influence on islamic financial inclusion. Financial self-efficacy is the most dominant factor influencing public participation in islamic financial service, followed by trust and financial literacy. These findings contribute to the development of strategies to improve financial inclusion based on individual empowerment and public trust in islamic institutions. The study recommends that islamic financial institutions and the government strengthen practical financial literacy programs and expand access to service grounded in sharia principles.]]>
