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
Islamic Sustainable Finance and MSME Development in Indonesia: Evidence from Bank Syariah Indonesia Afif, Ahmad; Ade Wirman Syafei; Siti Hamidah Binti Marwan
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/q4ey4f93

Abstract

This paper investigates the critical yet under-explored impact of Islamic sustainable finance reporting on the inclusiveness and distribution of financing to Micro, Small, and Medium Enterprises (MSMEs) in Indonesia. Despite a robust regulatory framework, a significant financing gap persists for MSMEs, raising questions about the efficacy of current sustainable finance initiatives beyond mere reporting. Utilising a quantitative approach, this research analyses data from Bank Syariah Indonesia (BSI), the nation's largest Islamic bank, from 2021 to 2024. Simple regression analysis was employed to examine the relationship between key performance metrics. The results reveal a stark dichotomy: a strong, perfect positive relationship (coefficient = 1.000) was found for Success Rate (SR), indicating that sustainable finance principles, when implemented, are highly effective in driving genuine inclusive outcomes for MSMEs. Conversely, the analysis of the Financing to Deposit Ratio (FDR) showed a non-significant coefficient (0.038), a negative R-squared (-0.071), and a high p-value (0.99), indicating that the current framework fails to systematically differentiate true inclusiveness from consistent error, suggesting potential "SDG-washing". The study concludes that while Islamic sustainable finance provides a potent framework for success, its current implementation lacks the sophisticated risk assessment and auditing mechanisms needed to ensure authentic and scalable financing distribution. The findings urge policymakers and financial institutions to enhance the discriminative power of sustainable finance metrics, moving beyond reporting to develop granular tools that prioritise and authentically support Indonesia's vital MSME sector.
Employment Potential: Strategic Priorities for Livestock Clusters, Indonesian Micro Waqf Banks Rahmat Dahlan; Muhamad Fauzi; Ssonko Muhammedi; Umar Akem; Harun Masykur
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: 10.35719/40f00k02

Abstract

Micro Waqf Banks (MWBs) in Indonesia play a vital role in financing and supporting micro-entrepreneurs, particularly within pesantren communities. The study aims to identify and analyse strategic priorities that MWBs can adopt to enhance job creation, focusing specifically on entrepreneurship within livestock clusters. A qualitative case study approach was employed, gathering data through questionnaires and in-depth interviews with supervisors, managers, and customers from three MWBs in Banten Province: El Manahij, Lan Taburo, and An Nawawi. Data validity was ensured by source triangulation, and analysis was performed using the Analytical Network Process technique supported by Super Decisions software. Findings reveal that job creation is a central priority in entrepreneurship development within MWBs, primarily through the livestock cluster model. This priority is underpinned by three interrelated components of financing: ease of access, business assistance and mentoring, livestock technical training, marketing, and managerial support. The study highlights the crucial role of MWBs in supporting SMEs by integrating these strategies effectively. Through targeted mentoring programmes, flexible financing schemes compliant with Islamic principles, and comprehensive entrepreneurship training, MWBs can unlock significant employment opportunities for micro-entrepreneurs engaged in livestock activities. Policy recommendations urge the government and stakeholders to prioritise enhanced support for mentoring, financing, and entrepreneurship training tailored to MWBs. Future research should explore the applicability of these strategic priorities in other regions and evaluate different mentoring models to generalise findings and optimise MWB strategies nationwide. 

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