Jurnal International Economic Sharia
Journal International Economic Sharia (JIES) is a peer-reviewed journal that explores various aspects of Islamic economics, with an emphasis on the application of Islamic economic principles in a global context. The journal is dedicated to advancing knowledge in the field and serves as a platform for researchers, academics, practitioners, and other stakeholders to share cutting-edge insights and research. JIES publishes high-quality articles on a wide range of topics, including Islamic banking, insurance, investment, microfinance, and Islamic capital markets. JIES is committed to promoting rigorous and innovative research that contributes to the development of Islamic economics globally. The journal also emphasizes novelty in research contributions and supports the integration of new ideas and approaches within the discipline. Authors submitting manuscripts to JIES are required to cite references from reputable sources, particularly those indexed in Scopus, to ensure the academic quality and relevance of the content. In addition to its focus on research quality, JIES is actively working towards being indexed by prestigious institutions such as ZENODO, OpenAIRE, ISSN, Crossref, Copernicus, Google Scholar, SINTA, DOAJ, EBSCO, PubMed, Crossref, WOS, and Scopus. These efforts aim to enhance the journal’s visibility and impact, providing researchers and practitioners with reliable and up-to-date knowledge in Islamic economics. JIES stands as a journal that supports the advancement of research in Indonesia within an international context, with a full commitment to open access and transparency in research publication. The journal also emphasizes high research ethics, ensuring that every article published meets academic integrity standards. With this approach, JIES not only contributes to the global development of Islamic economics but also serves as a platform that fosters international collaboration in producing high-quality, impactful research.
Articles
30 Documents
<![CDATA[Gender Diversity and Financial Decision-Making in Islamic Microfinance Institutions ]]>
<![CDATA[Cintiya Anggita, Marsa]]>;
<![CDATA[Daryono]]>
<![CDATA[ Journal International Economic Sharia Vol. 2 No. 1 (2025): June ]]>
Publisher : <![CDATA[Inovasi Analisis Data ]]>
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DOI: 10.69725/jies.v2i1.283
<![CDATA[Objective: The current research investigates the impacts of gender diversity, leadership style, financial literacy, and organizational culture on financial decision-making, while organizational support is examined as an important moderating variable.Methods: Quantitative research, with a structured questionnaire used with managerial staff. We examine the presumed relationships using structural equation modeling (SEM) to evaluate both the direct effects and the suggested moderation.Results: Based on the results, all four independent variables have a positive and significant effect on financial decision-making. In addition, organizational support emerges as a crucial context enhancer that boosts the effects of core organizational resources on each of these relationships.Novelty: By demonstrating how the Resource-Based View of the firm can be brought together with social exchange-based mechanisms to better explain decision-making effectiveness, insight into decision-making is provided via a unified model that illuminates how organizational resources interact with contextual support to yield greater outcomes.Research Implication: This research provides valuable information that contributes to dealing with governance frameworks; hence, leaders must work towards creating an environment to take the full benefit of their human and cultural capital. It provides a tested model for enhancing strategic decision-making that can be used by different types of financial and mission-driven institutions.]]>
<![CDATA[Strategic Orientation, Innovation, and Female Leadership in Sharia SME Performance ]]>
<![CDATA[Rosadi, M Imron]]>;
<![CDATA[Budi Helpiastuti, Selfi]]>;
<![CDATA[Kuswandi, Aos]]>
<![CDATA[ Journal International Economic Sharia Vol. 2 No. 1 (2025): June ]]>
Publisher : <![CDATA[Inovasi Analisis Data ]]>
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DOI: 10.69725/jies.v2i1.284
<![CDATA[Objective: The objective of this study is to establish how female leadership and access to finance influence performance in Sharia-compliant SMEs.Methods: A cross-sectional survey design was employed. The data gathered were tested to examine the direct impact of leadership competency, gender, strategic orientation, and innovation capacity on performance and access to finance with a mediator in multiple regression analysis and mediation analysis t-test.Results: These results support the strategic orientation, innovation capability, and leadership competence as significant positive predictors of SME performance. In addition, when female leadership is considered, a weak but significant positive influence is confirmed. Access to finance was importantly both a direct determinant as well as an important mediator, through which the impact of all explanatory variables influences performance.Novelty: This study makes a novel contribution by combining female leadership in a strategic capability framework and empirically examining access to finance as the key mediating role in an ethical business context. It also fills an important void in terms of the interaction between gender, internal resources, and financial constraints.Research Implication: There is a validated framework for entrepreneurs to draw upon leadership and strategic resources. It provides evidence-based knowledge to policymakers and financial intermediaries to create enabling ecosystems that facilitate capital access, in particular for women-owned and ethically driven SMEs, contributing to inclusive and sustainable economic growth.]]>
<![CDATA[Gender Awareness and Donor Participation: Transforming Zakat Distribution for Enhanced Community Welfare ]]>
<![CDATA[Zayid Yıldırım, Mehmed]]>;
<![CDATA[El-Din Fatma, Aisha]]>
<![CDATA[ Journal International Economic Sharia Vol. 2 No. 1 (2025): June ]]>
Publisher : <![CDATA[Inovasi Analisis Data ]]>
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DOI: 10.69725/jies.v2i1.285
<![CDATA[Objective: Institutional mechanisms and stakeholder participation play pivotal roles in providing welfare effects in social finance distribution systems.Methods: We use survey data and a hierarchical regression to test direct as well as moderating effects.Results: Welfare outcomes are greatly improved when institutional transparency, gender-sensitive practices, and professional management are ensured. We identify stakeholder participation, in particular, as an important moderating factor, which indeed serves to significantly bolster the association between institutional practices and the realization of welfare gains. The combined model explains better that integrating operational excellence with active involvement creates a synergistic impact.Novelty: This paper brings in the catalyzing role of stakeholder participation as a moderator and proposes a convergent theoretical framework by integrating four arguably understudied institutional perspectives, such as marketing and service, which offers rare insights in the social finance literature on effectiveness.Research Implication: This study fills this gap and opens new avenues for research by providing a potential basis for designing more effective social welfare programs and furthering theoretical development through the validation of an integrated model of institutional effectiveness.]]>
<![CDATA[Female Entrepreneurs Role in Enhancing Halal MSME Growth and Profitability ]]>
<![CDATA[Zulfatul Ihsan, Haifa]]>;
<![CDATA[Rahmawati, Yunaita]]>
<![CDATA[ Journal International Economic Sharia Vol. 2 No. 1 (2025): June ]]>
Publisher : <![CDATA[Inovasi Analisis Data ]]>
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DOI: 10.69725/jies.v2i1.286
<![CDATA[Objective: This paper investigates the underlying mechanisms by which entrepreneurial competence, networking, gender, and marketing capability influence business growth via innovation adoption.Methods: This study was quantitative, and data collection used a structured questionnaire among small, medium microenterprises Halal certified. Hypothesized relationships were tested using regression and mediation analyses.Results: Results show that marketing capability has the most powerful effect on business growth, and all four factors are statistically significant. Innovation adoption partially mediates these relationships: much of their impact on growth is accounted for by the ways in which they affect new processes, products, and business models. The research supports a complex view of resources and environments that are involved in the dynamic reformation between internal capability and external relationships through learning faster from innovation for competitive advantage and market enlargement.Novelty: This study contributes to the theoretical development of a new integrated model, which places adoption of innovation as an intra-mechanism transforming entrepreneur resources into growth, and for the first time, developed within a dynamic,c ethics-rooted Halal industry context. Insightful procedures for strategic organizing.Research Implication: The outcomes contribute a validated model which policymakers and business developers can use to create integrated interventions that simultaneously reinforce core competences, strategic networks, and marketing capabilities aimed at stimulating an innovation culture in order to enhance sustainable business performance and sectoral resilience.]]>
<![CDATA[Gender Differences in Ethical Investment Behaviour Among Islamic Capital Market Investors ]]>
<![CDATA[Cintiya Anggita, Marsa]]>;
<![CDATA[Daryono]]>;
<![CDATA[Karim, Abdul]]>
<![CDATA[ Journal International Economic Sharia Vol. 2 No. 1 (2025): June ]]>
Publisher : <![CDATA[Inovasi Analisis Data ]]>
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DOI: 10.69725/jies.v2i1.287
<![CDATA[Objective: This paper investigates the influence of gender, financial literacy, risk perception, and religious commitment on ethical investment behavior moderated by financial experience. Methods: The model was tested through a quantitative explanatory approach grounded on behavioral finance and Sharia law-based paradigms. Results: It is found that gender, financial literacy, risk perception and religious commitment have an influence on ethical investment behavior can be significantly affected by to financial experience. Ethical investors are more strongly committed to Sharia principles and a socially responsible portfolio when they make decisions based on moral awareness - Moral aware investment, as well as from experiential learning – Experiential moral learning. The model confirms the behavioral finance theory in an Islamic ethical environment and sheds light on how the cognitive–spiritual dimension affects investment decisions. Novelty: This study combines the behavior of finance literature with the Islamic ethical paradigm and supports that financial experience accentuates the moral side of investment decisions through enhanced judgment and ethical sensitivity. Research Implication: The findings provide policymakers and Islamic financial institutions with an empirical basis to initiate experience-based education and gender inclusiveness programs to enhance ethical financial eco-systems, and enhance the sustainability of Sharia investment behavior world over.]]>
<![CDATA[Gender, financial literacy and ethical sensitivity: a behavioural model of Sharia investment decision making ]]>
<![CDATA[Rofiatus Saadah, Karimatur]]>;
<![CDATA[Rahmawati, Yunaita]]>
<![CDATA[ Journal International Economic Sharia Vol. 2 No. 2 (2025): September ]]>
Publisher : <![CDATA[Inovasi Analisis Data ]]>
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DOI: 10.69725/jies.v2i2.288
<![CDATA[Objective: This paper examines the effect of gender, financial literacy, ethical sensitivity, and risk perception on ethical investment behavior under a Sharia-compliant setting.Methods: A quantitative explanatory design was used, with data collected from surveys and moderation analysis conducted on financial experience with predictor outcome relations.Results: The results show that gender, financial literacy, ethical sensitivity, and risk perception have significant positive impacts on the EIB. Financial literacy enhances this influence, allowing investors to incorporate ethical considerations and cognitive knowledge in Shariah investment. The joint predictors give a synergistic effect whereby both attribute and experiential knowledge are each significant in their worked contributions to ethical investment behavior.Novelty: This paper is the first study that links behavioral finance and Islamic ethical paradigms to show that cognitive, moral, and experiential motivations jointly influence individual ethical investment decisions. The inclusion of financial experience as a moderator may also serve to shed new light on the workings of morally-informed financial decision-making.Research Implication: The results have practical implications for policy makers and financial institutions to establish gender sensitive experience based training schemes that will improve ethical investment culture. This study contributes to the literature by associating BF with Sharia ethics, and sheds light on experiential learning to promote investor moral awareness and decision quality.]]>
<![CDATA[Gender Diversity and Performance in Islamic Banks: Evidence from Emerging Markets ]]>
<![CDATA[Anam, Khoirul]]>;
<![CDATA[Wijaya, Kusuma]]>
<![CDATA[ Journal International Economic Sharia Vol. 2 No. 2 (2025): September ]]>
Publisher : <![CDATA[Inovasi Analisis Data ]]>
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DOI: 10.69725/jies.v2i2.289
<![CDATA[Objective: This study aims to investigate the relationship between gender diversity and financial performance in Islamic banking, focusing in particular on the moderating effect of Sharia governance.Methods: Data about female representation on bank boards, in bank top management, gender diversity in recruitment, and an index of five Sharia Governance elements are collected. Moreover, financial performance is assessed using multiple indicators.Results: The results of this study illustrate a strong positive correlation between bank financial performance and gender diversity at the board, executive level, and organizational level. A key aspect of this study is the finding that Sharia Governance indeed positively moderates the relationship, further improving the financial impact of gender diversity. This finding is supported through robust sensitivity analysis and variation in performance indicators. It supports further and confirms the synergic positive relationship between ethical governance and diverse leadership.Novelty: The original contribution of this study is the integration between gender diversity and Sharia theory to the emerging Sharia governance theory, going beyond traditional corporate governance models. This approach does not consider Sharia governance as an independent factor but rather as an enhancing moderator to the financial return of other factors, offering a new and ethically valid perspective to the business case on faith-based institutions’ inclusion.Research Implication: In practical terms, this encourages regulators and Islamic finance councils to prioritize Shariah governance and gender inclusion, both as strategic drivers of sustainable performance and ethical compliance across the global industry]]>
<![CDATA[Islamic Microfinance, Self-Efficacy, and Women's Economic Resilience ]]>
<![CDATA[Resti Wulansari , Amelia]]>;
<![CDATA[Daryono]]>
<![CDATA[ Journal International Economic Sharia Vol. 2 No. 2 (2025): September ]]>
Publisher : <![CDATA[Inovasi Analisis Data ]]>
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DOI: 10.69725/jies.v2i2.290
<![CDATA[Objective: This essay aims to discuss the mediating role of entrepreneurial self-efficacy and the moderating role of Sharia governance strength in the relationships between the Islamic microfinance determinants and women’s household economic resilience.Methods: The primary data were obtained through a survey of women users of Islamic microfinance using a quantitative research design. The relationships in question were tested with the help of regression and mediation analyses employing bootstrapping.Results: The results show that Islamic microcredit, in combination with financial literacy and socioeconomic programs, directly and indirectly improves women’s economic resilience through an intermediary mechanism of an emotional and cognitive nature. The strong Sharia governance serves as a moderating variable in these positive relationships, enhancing the impact of microcredit on self-efficacy and economic resilience.Novelty: The scholars provided an integrated framework based on the synthesis of the Resource-Based View, Social Cognitive Theory, and Institutional Theory, illuminating the operation of Islamic microfinance at the psychological and institutional level, which has been missed in the spotlight of the available studies.Research Implication: With the created basic blueprint, the policy holders and practitioners can conceptualize the holistic functioning of Islamic microfinance, aiming at the enhancement of women’s economic resilience through a combination of financial access, capability building, psychological empowerment, and institutional trust.]]>
<![CDATA[Islamic FinTech Adoption Sharia Compliance Gender Trust ]]>
<![CDATA[Avrila Pradita, Nasiva]]>;
<![CDATA[Daryono]]>
<![CDATA[ Journal International Economic Sharia Vol. 2 No. 2 (2025): September ]]>
Publisher : <![CDATA[Inovasi Analisis Data ]]>
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DOI: 10.69725/jies.v2i2.291
<![CDATA[Objective: This study looks at how technology, religion, and gender all play a part in how people use Islamic FinTech, and suggests and tests a way of thinking about it.Methods: A sample of active Islamic FinTech users was purposively selected and given a structured online questionnaire to complete. Multiple regression and multi-group analyses were used to test the direct, moderating, and gender-moderated effects within the hypothesized model.Results: The findings confirm that perceived usefulness is a significant driver of adoption intensity. So is perceived religious compliance. And digital financial literacy. Trust in providers was found to significantly strengthen the relationships between perceived usefulness and religious compliance with usage. Crucially, the analysis revealed profound gender differences, showing that the effects of religious compliance and the moderating role of trust were significantly stronger for female users.Novelty: A unique paradigm is introduced by this research through the integration of the philosophical principles of Sharia compliance into a conventional technology adoption model, with gender being introduced as a core theoretical moderator rather than a mere control variable, thereby challenging homogeneous adoption assumptions.Research Implication: The investigation provides a substantiated, gender aware model for comprehending Islamic FinTech acceptance, delivering pivotal understandings for formulating diversified tactics that strike a chord with the unique spiritual and emotional motivators of diverse user categories, thus boosting financial integration.]]>
<![CDATA[Gender Ethics in Islamic Economic Thought and Its Influence on Ethical Financial Behaviour ]]>
<![CDATA[Anshori, Afif]]>;
<![CDATA[Setiawati, Rini]]>
<![CDATA[ Journal International Economic Sharia Vol. 2 No. 2 (2025): September ]]>
Publisher : <![CDATA[Inovasi Analisis Data ]]>
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DOI: 10.69725/jies.v2i2.292
<![CDATA[Objective: This study examines how Islamic ethical cognition influences ethical financial behaviour. Islamic ethical cognition comprises an understanding of Maqasid al-Shariah. It also comprises internalization of ethical principles and gender perspective.Methods: A quantitative approach was employed, with data analysed using EViews. A structured questionnaire was used to measure the key constructs.Results: The results of the study indicate that ethical financial behaviour can be predicted by the three aspects of Islamic ethical thinking, with the best results achieved when ethical principles are fully accepted. The relationship between understanding Maqasid al-Shariah and ethical practices, as well as between the internalization of principles and ethical behavior, is greatly influenced by religious dedication. However, the study's findings show that there is no statistically significant relationship between gender, ethical perspective, and financial behavior. These results demonstrate the importance of being a good person (akhlaq) in Islamic banking and finance, as well as the potential of religion to encourage better behavior.Novelty: We introduce an integrated model that synthesizes the teleological framework of Maqasid al-Shariah with Islamic virtue ethics and contemporary ethical decision-making theory. It looks at how religious belief affects the way Islamic ethical philosophy is put into financial practice, offering a new way of thinking about the cognitive-behavioral pathway in Islamic finance. Research Implication: This study provides a solid theoretical framework by integrating classical Islamic philosophy with modern behavioral science. It is recommended that Islamic financial institutions develop comprehensive educational programs that integrate intellectual, character, and spiritual development to foster authentic ethical behaviour in financial practices.]]>
