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Islamic Economics and finance in Focus (IEFF)
Published by Universitas Brawijaya
ISSN : -     EISSN : 29641233     DOI : 10.21776/ub.ieff
Core Subject : Religion, Economy, Social,
Religion Economics, Econometrics & Finance Social Sciences
Publish all forms of quantitative and qualitative research articles and other scientific studies related to the field of Islamic Economics and finance.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 249 Documents
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The Influence of Zakat Institution Marketing, Public Awareness, and Self-Motivation on Zakat Mal Payment Compliance Audira Luthfia Sungkar; Juliana Nasution; Muhammad Ikhsan Harahap
Islamic Economics and finance in Focus Vol. 5 No. 3 (2026)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ieff.2026.05.3.10

Abstract

This study investigates the interplay between the marketing initiatives of zakat institutions, public awareness levels, and internal motivation regarding the compliance of paying zakat mal at the National Zakat Agency (BAZNAS) of Deli Serdang Regency. The research employs a quantitative causal associative approach. Data collection was executed by distributing questionnaires to 100 Muslim respondents in Deli Serdang with steady incomes, selected through purposive sampling. Statistical analysis was performed using multiple linear regression via SPSS software. The partial findings demonstrate that institutional marketing and public awareness exert a positive and significant influence on zakat compliance, with public awareness emerging as the most dominant factor. Conversely, the internal motivation variable exhibits a negative and significant effect due to a cultural anomaly, where high spiritual fervor paradoxically triggers a preference for distributing zakat directly to recipients rather than through formal channels. Simultaneously, institutional marketing, awareness, and internal motivation significantly impact compliance, explaining 63.8% of the data variance (Adjusted R Square 0.638), while the remainder is influenced by factors external to this research model.,
Analysis of the Influence of Sharia-Based Service Quality and Tourist Satisfaction on Tourist Loyalty at Beach Tourist Destinations in Serdang Bedagai Regency Setia Luhur, Aldian; Atika
Islamic Economics and finance in Focus Vol. 5 No. 3 (2026)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ieff.2026.05.3.08

Abstract

This study aims to analyze the influence of Sharia-based service quality and tourist satisfaction on tourist loyalty at beach tourist destinations in Serdang Bedagai Regency. The study employs a quantitative approach with an associative research design. Data were collected through the distribution of questionnaires to 100 respondents selected using accidental sampling. Data analysis was performed using multiple linear regression with the aid of IBM SPSS Statistics. The results indicate that the quality of Sharia-based services has a positive and significant effect on tourist loyalty, with a t-value of 5.121 and a p-value of 0.000. Tourist satisfaction also has a positive and significant effect on tourist loyalty, with a t-value of 3.684 and a significance level of 0.000. Simultaneously, Sharia-based service quality and tourist satisfaction have a significant effect on tourist loyalty, with an F-value of 27.748 and a significance level of 0.000. The coefficient of determination (R²) value of 0.364 indicates that tourist loyalty can be explained by Sharia-based service quality and tourist satisfaction by 36.4%, while the remainder is influenced by other factors outside the scope of this study. The results of this study indicate that improving Sharia-based service quality and tourist satisfaction are important factors in building tourist loyalty at beach tourist destinations.
The Impact of Financial Technology and QRIS Services on the Effectiveness of Payment Systems at CFD MSMEs in Medan from an Islamic Economics Perspective Soleha, Safnah; Muhammad Ikhsan Harahap; Nur Ahmadi Bi Rahmani
Islamic Economics and finance in Focus Vol. 5 No. 3 (2026)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ieff.2026.05.3.14

Abstract

This research aims to thoroughly investigate the extent to which financial technology and the Indonesian Standard Quick Response Code (QRIS) service influence the overall effectiveness and efficiency of payment systems utilized by Micro, Small, and Medium Enterprises (MSMEs) operating within the bustling and dynamic environment of Medan City's Car Free Day (CFD) zone. The study employs a comprehensive quantitative research methodology, meticulously collecting data through carefully designed questionnaires distributed directly to MSME owners and operators who conduct their business activities in the CFD area. To ensure the relevance and accuracy of the sample, purposive sampling techniques were utilized, resulting in a total of 84 participants who met specific criteria related to their engagement with digital payment systems and QRIS usage. The responses obtained from these questionnaires were measured using a Likert scale, allowing for nuanced analysis of respondents’ perceptions and experiences, and the data were then processed and analyzed using the latest version of IBM SPSS Statistics (version 29), ensuring rigorous statistical testing and validity. The findings from the analysis reveal compelling evidence that financial technology services have a positive and statistically significant influence on the effectiveness of the payment systems employed by MSMEs, with a t-value of 4.822 and a p-value less than 0.05, indicating strong significance. Similarly, the implementation and utilization of QRIS services also demonstrate a positive and significant impact, with an even higher t-value of 10.238 and a p-value below 0.05, underscoring QRIS as the most influential variable among those examined. When considering both variables collectively, the results show that financial technology and QRIS services together exert a highly significant and positive effect on payment system effectiveness, as evidenced by the F-statistic of 166.846 and a p-value less than 0.05. The coefficient of determination (R²) is calculated to be 0.805, meaning that approximately 80.5 % of the variation observed in the effectiveness of payment systems can be attributed to these two key independent variables, while the remaining 19.5 % of the variation could be explained by external factors not directly measured within this study.
Macroeconomic Factors, Financing Contracts, and Non-Performing Financing in Islamic Commercial Banking Ainina, Ananda Nur; Anggraini, Ika Khusnia
Islamic Economics and finance in Focus Vol. 5 No. 3 (2026)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ieff.2026.05.3.15

Abstract

Maintaining financing quality is a critical challenge for Islamic Commercial Banks amid increasing macroeconomic uncertainty and the growing complexity of financing portfolios. While previous studies have primarily emphasized macroeconomic determinants of Non-Performing Financing (NPF), limited attention has been given to the role of financing contract characteristics in shaping financing risk. This study aims to examine the effects of macroeconomic factors, including inflation, the BI Rate, and the exchange rate, together with murabahah and mudharabah financing contracts on NPF in Islamic Commercial Banks. The study employs a quantitative approach using monthly secondary data from January 2018 to December 2024 obtained from the Financial Services Authority (OJK), Bank Indonesia, and Investing.com. The Autoregressive Distributed Lag (ARDL) model is applied to estimate both short-run and long-run relationships among the variables. The findings reveal that, in the long run, inflation, the BI Rate, the exchange rate, and mudharabah financing do not significantly affect NPF, whereas murabahah financing has a significant negative effect. In the short run, inflation negatively and significantly affects NPF, while the remaining variables show no significant influence. These findings highlight the importance of financing contract composition, particularly murabahah financing, in maintaining financing quality and strengthening risk management strategies to support the stability of the Islamic banking sector.
An Analysis of the Factors Influencing the Public’s Decision to Enroll in the BPJS Health Program from an Islamic Economics Perspective in the City of Medan Putri, Salsabila; Lubis, Fauzi Arif; Kusmilawaty
Islamic Economics and finance in Focus Vol. 5 No. 3 (2026)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ieff.2026.05.3.16

Abstract

This study aims to analyze the influence of knowledge level (literacy), perceptions of service quality and benefits, and economic factors (income) on the decision of the public to become participants in the BPJS Kesehatan program in Medan from an Islamic economics perspective. The study employs a quantitative approach with an explanatory design. The sample consisted of 100 respondents, determined using the Slovin formula. Primary data were collected via a questionnaire using a five-point Likert scale and analyzed using SPSS through validity and reliability tests, classical assumptions, multiple linear regression, t-tests, F-tests, and the coefficient of determination (R²). The results indicate that the level of knowledge, perceptions of service quality and benefits, and economic factors have a positive and significant influence on the public’s decision to enroll in BPJS Health, both partially and simultaneously. Economic factors are the variables with the relatively greatest influence. An R² value of 0.838 indicates that 83.8% of the variation in the public’s decision can be explained by these three variables. From an Islamic economics perspective, the decision to become a BPJS Kesehatan participant can be linked to the principles of public interest, protection of wealth, justice, and mutual aid in facing health risks.
Analysis of Determinant Factors of Income of Mustahiq MSMEs at the YDSF Zakat Institution in Malang Faidah, Siti Nur; Nurul Badriyah
Islamic Economics and finance in Focus Vol. 5 No. 3 (2026)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/

Abstract

This study aims to analyze how the influence of the economic income of mustahiq applied in the YDSF Zakat Institution by using the variables of business capital, type of business, length of business, and business assistance that have an influence on the income of UMKM fostered by the YDSF Zakat Institution. The approach used is quantitative descriptive with saturated sampling of 60 mustahiq respondents, or all productive zakat recipients from LAZ YSDF Malang. This study uses primary data obtained directly from mustahiq by distributing questionnaires. The analysis method used is multiple linear regression. The results of this study indicate that there is a positive influence on the length of business, business capital, type of business and business assistance on the income of Mustahiq's business. The results of the adjusted R2 state that the variables of business capital, type of business, length of business and business assistance are able to explain that after business assistance there is an increase of 11.2% while the rest is not explained in this study.
The Roles of Islamic Finance on Economic Growth: Evidence from Linkage of Efficiencies Rachman, Farisah; Trapsila, Aji Purba
Islamic Economics and finance in Focus Vol. 5 No. 3 (2026)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/

Abstract

Indonesia has significant potential in developing Islamic finance given its large Muslim population, yet the contribution of Islamic banking to regional economic growth remains limited. This gap suggests that Islamic finance development depends not only on the expansion of financing and deposits but also on technical efficiency in performing the intermediation function. This study analyzes the role of technical efficiency of Islamic banking in explaining the relationship between Islamic finance development and provincial economic growth in Indonesia. Using quarterly panel data from 33 provinces for the period 2016–2024, the analysis proceeds in two stages: first, technical efficiency is estimated using Stochastic Frontier Analysis (SFA) with a Cobb-Douglas production function; second, panel data regression with robust standard errors tests the effect of key variables. Results show that Islamic financing ratio and technical efficiency positively and significantly affect provincial economic growth, while the deposit ratio has no direct significant effect. Technical efficiency emerges as the most dominant factor driving regional economic growth, indicating that improving operational efficiency and intermediation quality is essential for Islamic finance to contribute more meaningfully to Indonesia's economic development.
Convergence of Financial Performance Between Islamic and Conventional Banks in Indonesia (2020-2024) Mukaromah, Najati Fadilatul; Ajeng Kartika Galuh
Islamic Economics and finance in Focus Vol. 5 No. 4 (2026)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/

Abstract

Indonesia operates a dual banking system in which Islamic and conventional banks coexist under the same regulatory framework. Despite their coexistence, empirical evidence on whether their financial performance converges over time remains limited. This study examines the convergence of financial performance between Islamic and conventional banks in Indonesia during 2020–2024 using profitability (ROA and ROE), operational efficiency (BOPO), capital adequacy (CAR), and asset quality (NPF/NPL) indicators. The analysis employs β-convergence panel regression and σ-convergence dispersion analysis. The results show negative and statistically significant β coefficients for all indicators, confirming a catching-up process within the banking industry. Islamic banks converge more rapidly in profitability (ROA) and capital adequacy (CAR), while no significant differences are found for ROE, BOPO, and NPF/NPL. In addition, the σ-convergence analysis indicates a decline in performance dispersion during the study period. These findings suggest that the performance gap between Islamic and conventional banks is narrowing and provide evidence to support policies that strengthen the competitiveness and stability of Indonesia's dual banking system.
Pesantren as a Key to Supplying Halal-Standard Meat: A Literature Review Panglima Thariq Al Huda; Yuliadi, Imamudin; Dewanti, Diah Setyawati
Islamic Economics and finance in Focus Vol. 5 No. 4 (2026)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/

Abstract

Indonesia faces significant challenges in maintaining the integrity of its halal meat supply chain, particularly in terms of hygiene standards, animal welfare, the limited number of certified halal slaughterers (juleha), as well as weak supervision and traceability systems. This study employs a conceptual narrative literature review approach with interpretative synthesis to examine the strategic role of Islamic boarding schools (pesantren) within the halal ecosystem. The findings identify two main contributions. First, the development of a halal vocation framework through the integration of Islamic jurisprudence education and the Indonesian National Work Competency Standards (SKKNI) to produce certified halal slaughterers with both technical competence and Sharia compliance. Second, the construction of a pesantren-based slaughterhouse business model that incorporates hygienic standards, production zoning, traceability systems, and value-based religious supervision. The integration of these approaches enhances the availability of meat that meets the Safe, Healthy, Whole, and Halal (ASUH) standards while promoting community-based economic empowerment. The novelty of this study lies in positioning pesantren as end-to-end actors within the halal supply chain through a community-based governance approach. Theoretically, this study extends the halal supply chain paradigm into a more integrative and value-based framework, while practically offering an operational model for strengthening the national halal ecosystem through pesantren empowerment.
Green Banking Disclosure and Sustainable Financing on Islamic Bank Financial Performance Seviadinda, Zahara; Citra Rahayu Indraswari
Islamic Economics and finance in Focus Vol. 5 No. 4 (2026)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/

Abstract

This study examines the effect of the Green Banking Disclosure Index (GBDI) and Sustainable Financing Ratio (SFR) on the financial performance of Islamic banking in Indonesia, measured by Return on Assets (ROA) and Net Income (NI) over the period 2021–2024. A quantitative approach is employed using panel data from 8 Islamic commercial banks selected through purposive sampling. The Random Effect Model (REM) estimated via Generalized Least Squares (GLS) is applied, with bank size and Non-Performing Financing (NPF) included as control variables. GBDI has a positive but insignificant effect on both ROA and NI, suggesting that green banking disclosure remains largely administrative and has yet to generate measurable financial impact. In contrast, SFR has a positive and signifi-cant effect on both ROA and NI, demonstrating that the actual implementation of sustainable financing directly contributes to improved profitability in Islamic banks.

Page 23 of 25 | Total Record : 249

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