cover
Contact Name
Muhammad Fauzinudin Faiz
Contact Email
mufaddin@uinkhas.ac.id
Phone
+6287760466655
Journal Mail Official
jiep.febi@uinkhas.ac.id
Editorial Address
Jl. Mataram No. 1 Karang Mluwo, Mangli, Kec. Kaliwates, Kabupaten Jember, Jawa Timur 68136
Location
Kab. jember,
Jawa timur
INDONESIA
Journal of Islamic economics Perspectives (JIEP)
ISSN : 2085627X     EISSN : 27150445     DOI : 10.35719/jiep
The Journal of Islamic Economic Perspectives, or JIEP, is a publication released biannually in February and September. It is published by the JIEP Research Centre, which is part of the Faculty of Islamic Economics and Business at the State Islamic University of Kiai Haji Achmad Siddiq Jember in Indonesia. The journal has been circulating since 2019, starting with its first edition. The JIEP primarily emphasizes the fields of Islam, economics, and finance. This publication examines explicitly the crucial aspects of integrating Islamic law with the fields of economics and finance. It is a vital resource for pioneering research and analysis in several specialized fields, such as Islamic economic law, Islamic banking, Islamic marketing, Islamic human resources, and Islamic finance. The magazine covers various topics, including Zakah, Waqf, measures for reducing poverty, Islamic public finance, monetary economics, economic growth, and the concepts of Maqasid al-Shariah. The subject matter of this study includes institutional economics, Islamic management, behavioural economics and finance, corporate governance, risk management, and Shariah-compliant financial matters.
Articles 102 Documents
Increasing Middle-Class and Its Socio-economic Impacts on South Asia Gyanwali, Gokarna Prasad
Journal of Islamic Economics Perspectives Vol. 7 No. 1 (2025): February (2025) Journal of Islamic Economics Perspectives
Publisher : Faculty of Islamic Economics and Business, State Islamic University of  Kiai Haji Achmad Siddiq Jember, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35719/vj84rh81

Abstract

Middle Class is a more perplexing and debatable phrase in social science. Lower, medium, and upper or high middle classes are recognized as the three categories inside the middle class. The new powerful middle-class appearance in developing countries has been generating difficulties in defining and making sense of the concept. The new or emergence of the middle class is a big issue, opportunity, and challenge in South Asia and the world. According to Lu, Marcus (2023)[1], 113 million people will become middle-class worldwide in 2024 and the majority of them are coming from Asia. More than 100 million people worldwide join the middle class each year. The report of the Asian Development Bank (2011)[2] indicates that a billion people were in the middle class in 2011, it will be 1.2 billion by 2030, and 1.4 billion by 2050. This paper tries to articulate the situation of the middle class and its impacts on the socio-economic life in this region. This article uses the ADB (2011) definition of middle-class consuming those with consumption spending between $2 to $20 per day at 2005 PPP$.  
Civil Society and Mass Movement: A Historical Perspective and Linkage Bhandari, Arjun
Journal of Islamic Economics Perspectives Vol. 7 No. 1 (2025): February (2025) Journal of Islamic Economics Perspectives
Publisher : Faculty of Islamic Economics and Business, State Islamic University of  Kiai Haji Achmad Siddiq Jember, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35719/rna79346

Abstract

This study investigates the historical development of civil society and its connection to mass movements, with a particular focus on Nepal. Civil society, often regarded as an intermediary between the state and citizens, has played a critical role in advocating for democracy and social justice. The aim of the study is to analyze how civil society organizations (CSOs) have influenced socio-political transformations, particularly during Nepal’s People’s Movements of 1990 and 2006, which were pivotal in restoring democracy and reshaping governance structures. The research employs qualitative and historical methods, relying on secondary data from books, journal articles, and archival records. The study finds that CSOs significantly contributed to mass mobilization by facilitating collective action, amplifying marginalized voices, and advocating for democratic reforms.
Analysis of the Impact of Economic Digitalization on Economic Growth on the Island of Sumatra Ismail, Ismail Pulungan; Abu Gunawan, Lalu; Maulana Malik, Fery; Ariful Maarif, Muhammad
Journal of Islamic Economics Perspectives Vol. 7 No. 1 (2025): February (2025) Journal of Islamic Economics Perspectives
Publisher : Faculty of Islamic Economics and Business, State Islamic University of  Kiai Haji Achmad Siddiq Jember, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35719/8dnrce38

Abstract

This study examines the impact of economic digitalization on economic growth in Sumatra from 2013 to 2023. As economic digitalization plays a significant role in shaping growth trajectories, this research focuses on analyzing its effect on various economic indicators, including government spending and production. Using panel data from 49 districts/cities on the island of Sumatra, the study employs a dynamic panel data model with the Generalized Method of Moments (GMM) approach, particularly the Arellano-Bond estimator, to estimate the long-term and short-term impacts. The results indicate that economic digitalization significantly influences economic growth in Sumatra, with digitalization showing positive effects both in the short and long term. Furthermore, government spending is found to have a notable impact on the region’s digitalization efforts, whereas production does not exhibit a significant effect. The study concludes that fostering digitalization through targeted policies, investments in digital infrastructure, and increased government expenditure can drive sustainable economic growth in Sumatra. The findings suggest that enhancing digitalization initiatives and inter-regional cooperation could maximize economic potential and ensure equitable growth across the island.
Macroeconomic Impact on the Risk Profile of Islamic Commercial Banks in Indonesia Malik, Fery Maulana; Asayesh, Hamid; Abu Gunawan, Lalu; Pulungan, Ismail
Journal of Islamic Economics Perspectives Vol. 7 No. 1 (2025): February (2025) Journal of Islamic Economics Perspectives
Publisher : Faculty of Islamic Economics and Business, State Islamic University of  Kiai Haji Achmad Siddiq Jember, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35719/c53t5h58

Abstract

As a member of the G20, Indonesia has demonstrated economic stability with an average growth of 5.05% by 2024. Islamic commercial banks play an important role in supporting the national economy through Sharia-based financing, which is more stable than traditional banks. However, macroeconomic fluctuations such as inflation, GDP, BI rate, and exchange rates can impact Non-Performing Financing (NPF) as an indicator of credit risk. High NPF can affect the profitability and operational sustainability of Islamic commercial banks. Therefore, a deep understanding is required to maintain the stability of this sector. The aim of this study is to analyze the impact of macroeconomic factors on the NPF of Islamic commercial banks in Indonesia. With a quantitative approach using secondary data from quarterly reports for the period 2021-2023 and analyzed using multiple linear regression with panel data on nine Islamic commercial banks that meet the criteria, namely Bank Aladin Syariah, Bank Victoria Syariah, Bank Jabar Banten Syariah, Bank Panin Dubai Syariah, Bank Mega Syariah, Bank BCA Syariah, Bank BTPN Syariah, Bank Syariah Indonesia, and Bank Muamalah Indonesia. The findings indicated that inflation exerts a substantial impact on Non-Performing Financing (NPF). Conversely, Gross Domestic Product (GDP), Bank Indonesia (BI) rate, and exchange rate do not exhibit any influence on NPF. Nevertheless, concurrently, inflation, GDP, BI rate, and exchange rate collectively demonstrate a significant effect on NPF. This suggests that these variables interact with one another and play a role in altering the quality of financing extended by Islamic commercial banks.
Integration of Islamic Social Finance for Sustainable Economic Development in the Rural Areas of Situbondo Regency, East Java, Indonesia Fauzan, Fauzan; Al Farooqi, Ismail; Pratiwi, Ana; Mauliyah, Nur Ika
Journal of Islamic Economics Perspectives Vol. 7 No. 1 (2025): February (2025) Journal of Islamic Economics Perspectives
Publisher : Faculty of Islamic Economics and Business, State Islamic University of  Kiai Haji Achmad Siddiq Jember, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35719/ahvk1x86

Abstract

Islamic social finance, which includes zakat, infaq, sedekah, and wakaf (ZISWAF), has significant potential to support sustainable economic development in rural areas. This article aims to explore how the integration of Islamic social finance can contribute to the economic empowerment of communities in the rural areas of Situbondo Regency, East Java, Indonesia. Through a qualitative approach, this research analyzes the implementation of Islamic social finance programs and their impact on the economic well-being of the community. The findings indicate that with the synergy between local government, zakat management institutions, and pesantren, Islamic social finance can be an effective instrument in driving economic growth, reducing poverty, and creating sustainable development. This article provides practical recommendations to optimize the potential of Islamic social finance in rural areas.
Assessing The Contribution Of Tourism To Economic Growth In Nepal Ojha, Krishna Prasad; Kandel, Madan; Shah, Kapil
Journal of Islamic Economics Perspectives Vol. 6 No. 1 (2024): February (2024) Journal of Islamic Economics Perspectives
Publisher : Faculty of Islamic Economics and Business, State Islamic University of  Kiai Haji Achmad Siddiq Jember, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35719/95s4rm49

Abstract

This study examines the impact of tourism on Nepal’s economic growth using time-series data from 2001 to 2024. Employing linear and multiple regression analyses, results show a significant upward trend in tourist arrivals, increasing by approximately 1,493 visitors annually, and a corresponding rise in tourism’s contribution to GDP by 0.0184 percentage points per year. A strong positive correlation (r = 0.87) between tourist arrivals and GDP contribution underscores tourism’s key role in economic development. Despite a sharp decline in tourism during 2020 due to the COVID-19 pandemic, structural break analysis indicates a resilient recovery in subsequent years. Stationarity tests show that important variables were not stable, so we adjusted the data to make it suitable for accurate time-series modeling. Findings highlight the sustained and growing economic importance of tourism in Nepal and suggest avenues for future research incorporating advanced modeling techniques.
Impact Of Organizational Climate On Employees’ Organizational Commitment In Nepal: A Case Study Of Nepal Bank LTD Poudel, Surya Prasad; Aryal, Kul Prasad
Journal of Islamic Economics Perspectives Vol. 6 No. 1 (2024): February (2024) Journal of Islamic Economics Perspectives
Publisher : Faculty of Islamic Economics and Business, State Islamic University of  Kiai Haji Achmad Siddiq Jember, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35719/rzct0k40

Abstract

This paper aims to examine the impact of dimensions of organizational climate on organizational commitment on bank employees of the Nepal Bank Ltd. The Nepal Bank Ltd was selected under purposive sampling method. Structural 5 points Likert Scale organizational climate and organizational commitment questionnaires were designed and distributed to 157 offiicers and table work employees selected under systematic random sampling method out of 326 employees. Only 114 respondents have filled up and returned questionnaire forms within the given period. The statistical tools correlation and simple linear regression were deployed for analysis purpose by the helps of SPSS 18th crack version. The analysis has shown significant positive correlation of the dimensions of organizational climate and dimensions of organizational commitment with correlation values from 0.432 to 0.605. Likewise the impact of dimensions of organizational climate proportionate have changed in organizational climate by 52.9 percent. The management and policy makers of the bank should enhance organizational commitment through improvement of organizational climate of the bank.
Islamic Economics and MSME Empowerment: Fish Processing Strategies in South Lampung Novitasari; Nursyamsi Hamza; Zuhal Azzamul A'la
Journal of Islamic Economics Perspectives Vol. 7 No. 2 (2025): September (2025) Journal of Islamic Economics Perspectives
Publisher : Faculty of Islamic Economics and Business, State Islamic University of  Kiai Haji Achmad Siddiq Jember, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35719/f10hab12

Abstract

This study examines empowerment strategies for Micro, Small, and Medium Enterprises (MSMEs) in the fish processing sector at BOM Pier Kalianda, South Lampung, with a particular focus on their implications from an Islamic economic perspective. Despite the area’s substantial potential in fish processing, MSMEs face persistent challenges, including limited facilities, restricted access to training, and insufficient financing. Employing a descriptive qualitative design, this research collected primary data through interviews and direct observation with 23 informants, complemented by secondary sources from documents and literature. Data were analysed using the Importance Performance Analysis (IPA) method to assess the importance and satisfaction levels of 35 empowerment indicators. The findings show that product innovation training, access to raw materials, and financing fall under Quadrant II (priority for improvement), whereas local market access, product quality, and marketing training fall under Quadrant I (to be maintained). From an Islamic economic perspective, empowerment enhances distributive justice, promotes ethical business conduct, and fosters economic self-reliance among coastal communities. The results highlight that empowerment efforts at BOM Pier have generated positive impacts but remain constrained by technical skill gaps, limited access to Sharia-compliant financing, and weak compliance with quality standards. Strengthening policy coordination, infrastructure provision, and financing schemes rooted in Islamic principles is therefore essential for ensuring sustainable MSME development and inclusive economic growth.
Franchise Business in the Industry 5.0 Era: Sharia Branding, Ethical Practices, and Islamic Values Retna Anggitaningsih; Haris Maiza Putra
Journal of Islamic Economics Perspectives Vol. 7 No. 2 (2025): September (2025) Journal of Islamic Economics Perspectives
Publisher : Faculty of Islamic Economics and Business, State Islamic University of  Kiai Haji Achmad Siddiq Jember, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35719/56frt363

Abstract

This study examines the role of Islamic values in franchise businesses within the context of the Industrial Revolution 5.0, focusing on the case of Kopontren Sejahtera Mandiri Syariah in Jember. The research aims to explore how sharia branding and ethical business practices contribute to sustainable economic development while maintaining alignment with Islamic economic principles. Employing a qualitative phenomenological approach, the study gathers data through in-depth interviews, observations, documentation, and focus group discussions with key stakeholders, including business owners, employees, and customers. The findings highlight the interplay between modern technological advancements and Islamic business ethics, emphasizing the significance of social justice, equitable wealth distribution, and ethical consumer engagement. The study reveals that sharia branding in the franchise sector not only serves as a marketing strategy but also fosters customer loyalty, strengthens social piety, and enhances entrepreneurial spirit among Islamic boarding school alumni. However, challenges remain in integrating digitalization with Islamic values, requiring businesses to navigate ethical concerns while leveraging technological innovations. By analyzing Kopontren Sejahtera Mandiri Syariah as a case study, this research contributes to a deeper understanding of how franchise businesses can maintain religious and ethical integrity in the era of rapid industrial and technological transformation.
Integrated Reporting and the Yin-Yang Perspective: Towards Moral and Sustainable Value Creation Maharani, Astrid; Parmono, Agung
Journal of Islamic Economics Perspectives Vol. 7 No. 2 (2025): September (2025) Journal of Islamic Economics Perspectives
Publisher : Faculty of Islamic Economics and Business, State Islamic University of  Kiai Haji Achmad Siddiq Jember, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35719/f7zycr17

Abstract

This article investigates the transformation of corporate disclosure through Integrated Reporting (IR) and examines it within the Yin-Yang philosophical framework. The study departs from the growing demand for transparent, reliable, and sustainable reporting that integrates financial and non-financial information to create long-term value for stakeholders. Despite Indonesia’s role as a G20 member, the adoption of IR remains limited and often incomplete, which raises questions about its effectiveness in promoting sustainable practices. Positioning the research within the context of moral and sustainable perspectives, this study argues that the Yin-Yang philosophy offers a valuable lens for understanding the ethical balance required in corporate reporting. The analysis employs a qualitative literature-based method by reviewing IR principles in relation to Yin-Yang values of balance, complementarity, and dynamism. The findings indicate that Yin-Yang provides a framework to harmonise financial accountability with social and environmental responsibility, thereby encouraging sustainable value creation. This study contributes conceptually by linking Eastern philosophy with IR discourse and practically by highlighting the need for Indonesian companies to enhance IR implementation. The article underscores that adopting a balanced, moral, and sustainable approach to corporate reporting can strengthen stakeholder trust and support long-term business resilience.

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