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Dini Maulana Lestari
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Journal of Islamic Economics and Business Studies (JIEBS)
ISSN : -     EISSN : 29878683     DOI : -
The Journal of Islamic Economics and Business Studies (JIEBS) is open access, peer-reviewed journal whose objective is to publish original research papers related to Islamic Economics and Business issues. The studies highlight economic and business issues like conventional economic and business concepts. Only in this Islamic economic and business system do Islamic values become the basis and foundation of all its activities.
Articles 27 Documents
Implications of Halal Certification at LP3H (Lembaga Pendamping Proses Produk Halal) State Islamic University Sunan Kalijaga on the Investment Opportunity Set (IOS) of Halal Tourism Products in Yogyakarta Barokatut Toyibah
Journal of Islamic Economic and Business Studies Vol. 3 No. 1 (2025): June
Publisher : Business Finance Analyst Co.

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Abstract

The impact of Halal certification facilitated by the LP3H (Lembaga Pendamping Proses Produk Halal) at Sunan Kalijaga State Islamic University, on the investment industry for Halal tourism products examines how the LP3H Halal certification process impacts the investment attractiveness of Halal tourism products. By ensuring compliance with Sharia principles, LP3H certification can increase confidence and attract Muslim travelers, Muslim travelers who seek experiences that are in accordance with their beliefs gain confidence through certificates. This can attract investors and increase demand for Halal tourism goods. In addition, Halal certification can also expand market access, both domestic and international, thus providing significant growth opportunities for investors. This research highlights the potential of the LP3H Halal certification program to open up promising investment opportunities in the field of Halal tourism products. This research contributes valuable knowledge for investors, policy makers, and stakeholders involved in the development of the Halal tourism sector.
Determinasi Risiko Terhadap Kinerja Bank Syariah Digital: Bank Aladin Syariah Tbk Tahun 2018-2023 Muhammad, Mahatir
Journal of Islamic Economic and Business Studies Vol. 3 No. 1 (2025): June
Publisher : Business Finance Analyst Co.

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This study aims to analyze the influence of liquidity risk (Financing to Deposit Ratio / FDR), operational risk (Operating Costs to Operating Income / BOPO), and market risk (Net Interest Margin / NIM) on financial performance as measured through Return on Assets (ROA) at Bank Aladin Syariah Tbk during the period 2018–2023. As a sharia-based digital bank entity, Bank Aladin faces a complexity of risks that demand a responsive and integrated management strategy. The analysis method used was multiple linear regression with secondary data. The results showed that simultaneously, the three independent variables did not have a significant effect on ROA. Partially, FDR, BOPO, and NIM also showed no significant influence. However, a determination coefficient value (R²) of 0.730 indicates that 73% of ROA variations can be explained by these three variables. These findings affirm the importance of increasing the effectiveness of liquidity and market risk management in improving the financial performance of digital Islamic banks. This research makes a strategic contribution to the development of more adaptive risk management policies. The limitation in the number of samples is an important note and recommended for further research with a wider range of data to obtain more representative results
Evaluation of Compliance with Sharia Principles in Financial Reports (Case Study of Saro Niaga Store, Bone Regency). Dita Natasya Yahya; Hamzah, Aksi; Muis, Musrini
Journal of Islamic Economic and Business Studies Vol. 3 No. 1 (2025): June
Publisher : Business Finance Analyst Co.

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This study aims to instill sharia principles in financial reports, with a case study at Saro Niaga Store in Bone Regency. As one of the major business actors in the staple food retail sector, Saro Niaga Store is expected to be able to comply with sharia principles such as the prohibition of usury, gharar, and maysir in its financial reporting. This study uses a qualitative approach with a descriptive method through interviews, observations, and document analysis. The results of the study indicate that the application of sharia principles at Saro Niaga Store still faces obstacles such as limited understanding of sharia accounting standards and challenges in the consistency of its implementation. However, there are efforts to improve compliance, including the implementation of a computer-based reporting system that supports transparency and accountability. This study suggests strategic steps to improve understanding and compliance with sharia principles, which not only impact the company's reputation but also strengthen Muslim consumer confidence.
Analisis Penerapan Konsep Economic Value of Time Sebagai Kritik Terhadap Time Value of Money Yuliana Dia Putri
Journal of Islamic Economic and Business Studies Vol. 2 No. 3 (2025): December
Publisher : Business Finance Analyst Co.

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Abstract : The development of Islamic finance theory has become a hot topic of discussion, including the debate on the concept of Time Value of Money. This research aims to understand the concept of money in conventional and Islamic financial systems, the basic principles of Time Value of Money, and the concept of Economic Value of Time. The research method used is qualitative, and data collection is done through literature review and academic studies. The results of the research show that in the conventional financial system, money is considered as a commodity like any other tradable goods and services, which can be bought, sold, and used for speculation, while in Islam, money is viewed as something that cannot be hoarded or wasted, and it is not considered a commodity for trading. The concept of Time Value of Money states that the utility of money today is higher than its utility for money with the same amount in the future, while the Economic Value of Time emphasizes that time itself has economic value, not the money that has time value. Keywords : Time Value of Money, Economic Value of Time, Money, Islam, Conventional.
Effectiveness Interest Rate Policy and Inflation in Push Foreign Investment In Indonesia, India, and Vietnam Safitri, Syifa Arrista Safitr
Journal of Islamic Economic and Business Studies Vol. 2 No. 3 (2025): December
Publisher : Business Finance Analyst Co.

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Economic growth is significantly driven by foreign direct investment (FDI), especially in developing countries such as Vietnam, India, and Indonesia. Using annual data from 2017 to 2023, this study uses comparative descriptive techniques and quantitative analysis to assess how well interest rate and inflation policies attract foreign direct investment. Reliable sources, including the World Bank, IMF, and financial institutions in the countries concerned, provide the data. Based on the analysis results, FDI (Y) is significantly negatively affected by the interest rate variable (X1) and positively by inflation (X2). Simultaneous tests show that FDI flows are strongly affected by inflation and interest rates. Based on the study's findings, macroeconomic stability can be achieved through effective control of interests, through proper management of interest rates and inflation, which is the key to increasing the attractiveness of FDI in the three countries. Keywords : interest rates, inflation, FDI, economic stability.
Fiqh Muamalah Analysis of The Wage System in Ijarah Contract for Content Creator in Medan City Dias Putra Prayogi; Zuhirsyan, Muhammad; Agus, Rizal
Journal of Islamic Economic and Business Studies Vol. 2 No. 3 (2025): December
Publisher : Business Finance Analyst Co.

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This study aims to analyze the wage system in the Ijarah contract for content creators in Medan City from the perspective of fiqhmuamalah. The background of this research is based on the growing prominence of the content creator profession in the digital era, particularly on social media platforms such as Instagram and TikTok, as well as the limited understanding of contractual agreements in accordance with sharia principles. This research employs a qualitative approach with data collection techniques through in-depth interviews involving content creators, the Indonesian Ulema Council (MUI) of Medan, and Islamic economics experts. The findings indicate that wage practices still show several inconsistencies with the principles of the Ijarah contract, such as a lack of clarity in work agreements, delayed payments, and vague wage amounts. Moreover, content creators’ understanding of fiqhmuamalah, particularly the Ijarah contract, remains limited. Therefore, education and guidance are necessary to ensure that collaborations between content creators and business actors can proceed professionally, fairly, and in accordance with Islamic law.
The Pengaruh Literasi Wakaf, Media Online Dan Media Sosial Terhadap Niat Berwakaf Uang: studi pada mahasiswa Prodi Keuangan dan Perbankan Syariah Politeknik Negeri Medan Ganda; Manik, M. Rikwan Effendi Salam; Wathan, Hubbul
Journal of Islamic Economic and Business Studies Vol. 2 No. 3 (2025): December
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This study was conducted to determine the influence of waqf literacy, online media and social media on the intention to waqf study money in students of the Sharia Finance and Banking Study Program of the Medan State Polytechnic. In this study, there are independent variables, namely waqf literacy, online media, and social media, while dependent variables, namely the intention to waqf money. The sample used in this study was 75 respondents, namely students of the Sharia Finance and Banking Study Program, Medan State Polytechnic and used questionnaires as primary data. The questionnaire data collection technique was assessed using a Likert scale, validity test and reliability test. Prerequisite tests include normality tests, heteroscedasticity tests and multicollinearity tests. The data analysis technique to answer the hypothesis used multiple linear regression analysis, simultaneous test (F), determination test and partial test (t) with a significance level of 5% (α= 0.05) processed with the help of SPSS 25 software. The results of the partial test showed that the variable of waqf literacy was partially ineffectual and insignificant on the intention to waqf money with a significance level of 0.418, the variable of online media was influential and significant to the intention of waqf money with a significance level of 0.002 and the social media variable was partially influential and significant on the intention to waqf money with a significance level of 0.020. Simultaneously, the variable influence of waqf literacy, online media and social media had an effect and significance on the intention to waqf study money in students of the Sharia Finance and Banking Study Program at the Medan State Polytechnic with a significance level of 0.000 .

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