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Contact Name
Dwi Siyamsih
Contact Email
nawalaedu@gmail.com
Phone
+6281374694015
Journal Mail Official
nawalaedu@gmail.com
Editorial Address
Jl. Raya Yamin No.88 Desa/Kelurahan Telanaipura, kec.Telanaipura, Kota Jambi, Jambi Kode Pos : 36122
Location
Kota jambi,
Jambi
INDONESIA
Journal of Islamic Economy
ISSN : -     EISSN : 30472520     DOI : https://doi.org/10.62872/nstc4b78
Core Subject : Economy,
The journal publishes original articles on current issues and trends occurring internationally in Public Philosophy of Islamic Economics, Islamic Economic Thought, Islamic Economics and Contemporary Issues, Contemporary issues in Islamic Financial Institutions, Islamic Management Islamic Accounting, Legal Aspects in Islamic Economics.
Articles 37 Documents
Building Ethical Business: Islam's Contribution to Facing Modern Economic Challenges Ika Hartika; Masruri Masruri; Nurhikmah Nurhikmah; Sitti Aisya
Journal of Islamic Economy Vol. 2 No. 1 (2025): MARCH-JOIE
Publisher : Pt. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/v0vy2g13

Abstract

This study aims to examine the contribution of Islamic business ethics in facing modern economic challenges and how these ethical principles can help build ethical businesses. The method used is Systematic Literature Review (SLR), which aims to identify, evaluate, and synthesize findings from literature relevant to this topic. The first step is to formulate research questions related to modern economic challenges and the contribution of Islamic business ethics. Next, relevant literature is selected with inclusion and exclusion criteria, and then analyzed to provide a deep understanding of the solutions offered by Islam. The results of the study show that Islamic business ethics emphasizes moral principles such as honesty (ṣidq), justice ('adl), amanah, and social responsibility. Business in an Islamic perspective is not only oriented towards material profit, but also aims to obtain blessings and social welfare. These principles prohibit detrimental practices such as usury, gharar, and maysir, and encourage the implementation of zakat, infaq, and waqf to overcome economic inequality. In addition, the application of sharia principles in modern business, as applied by sharia fintech and halal marketplace, shows that businesses can operate ethically and have a positive impact on society. Thus, this study underlines the importance of implementing Islamic business ethics to create sustainable, ethical, and fair businesses, as well as a relevant model for public policy in facing global economic challenges.
Digital transformation in the Islamic economy: Innovations and challenges in 2025 Muflih Adi Laksono; Rahmat Setiawan; Nurhasanah Pasaribu
Journal of Islamic Economy Vol. 2 No. 1 (2025): MARCH-JOIE
Publisher : Pt. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/9sjn2h36

Abstract

This study aims to examine the role of digital transformation in supporting the development of the sharia economy, especially in terms of technological innovation and the challenges of its implementation until 2025. Digital transformation is considered an important element in driving operational efficiency, expanding financial inclusion, and strengthening the sustainability of an economic system based on Islamic values. This study uses the Systematic Literature Review (SLR) method, which is a systematic and structured approach to identifying, evaluating, and analyzing relevant scientific literature. The SLR process includes formulating research questions, determining inclusion and exclusion criteria, selecting databases such as Scopus, Google Scholar, and ScienceDirect, and thematic analysis of the results of the literature review. The results of the study show that various digital innovations such as sharia fintech, blockchain, and artificial intelligence (AI) have made significant contributions to increasing the efficiency and transparency of sharia financial services. However, this digitalization also presents a number of challenges such as unpreparedness of regulations, minimal technological fatwas, and low sharia digital literacy among the public. Therefore, collaboration between regulators, practitioners, academics, and scholars is needed to build a digital sharia economic ecosystem that is inclusive, safe, and in accordance with the principles of maqashid sharia
The Role of Zakat and Waqf in Encouraging Sustainable Economic Growth Rahmat Habibi
Journal of Islamic Economy Vol. 1 No. 2 (2024): JULY-JOIE
Publisher : Pt. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/8wwzy236

Abstract

This study aims to examine the role of zakat and waqf in driving sustainable economic growth with a focus on their contribution to wealth redistribution and socio-economic empowerment. The research method used is the Systematic Literature Review (SLR), which allows the collection and analysis of relevant studies published in the last five years (2019–2024) from various leading academic databases, such as Scopus, Web of Science, Google Scholar, and ProQuest. The SLR process involves several stages, starting from formulating research questions, developing literature search strategies, screening articles based on inclusion and exclusion criteria, to synthesizing key findings. The results of the study indicate that zakat and waqf play a significant role in driving sustainable economic growth through wealth redistribution mechanisms and socio-economic empowerment, with greater contributions when optimized through digitalization and management innovation. The synergy between zakat, waqf, and the national financial system as well as strengthening regulations and public literacy are key factors in increasing their impact. This study emphasizes the importance of cross-sectoral cooperation to ensure that zakat and waqf can be the main driving force in realizing fair, inclusive, and sustainable economic development.
Analysis of the Effectiveness of Mudharabah and Musyarakah Financing Models in Islamic Financial Institutions Fatur Rahman Karim
Journal of Islamic Economy Vol. 1 No. 2 (2024): JULY-JOIE
Publisher : Pt. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/jazvdw68

Abstract

This study aims to analyze the effectiveness of the mudharabah and musyarakah financing models in Islamic financial institutions. The method used is the Systematic Literature Review (SLR), which allows researchers to evaluate and synthesize various relevant studies in order to obtain more comprehensive conclusions on the topic. SLR is conducted by collecting articles that discuss mudharabah and musyarakah financing and analyzing the factors that influence the effectiveness of both models. Literature searches are conducted through academic databases such as Google Scholar, Scopus, and JSTOR, with selected articles filtered based on predetermined inclusion and exclusion criteria. Relevant articles were published in the last five years and focused on Islamic financing. Researchers conducted a thematic analysis of selected articles to identify emerging themes related to the effectiveness of these two financing models. The results of the study indicate that the mudharabah and musyarakah models are effective as alternative financing for the MSME sector, allowing business actors to obtain capital without being trapped in interest obligations. However, the effectiveness of this model is highly dependent on good risk management, clarity of profit and loss sharing, and transparency and trust between Islamic financial institutions and customers. Therefore, Islamic financial institutions need to improve their supervision and risk management systems to ensure the successful implementation of this financing model.
Implementation of Sharia Principles in Microfinance: A Case Study in Indonesia Putri Agustina
Journal of Islamic Economy Vol. 1 No. 2 (2024): JULY-JOIE
Publisher : Pt. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/1tyxvb44

Abstract

The purpose of this study is to analyze the implementation of sharia principles in microfinance in Indonesia through the Systematic Literature Review (SLR) approach. The SLR method was chosen because it allows researchers to collect and analyze various related literature systematically, in order to provide a comprehensive picture of the implementation of sharia principles in the microfinance sector in Indonesia. This study identifies relevant literature based on inclusion and exclusion criteria, focusing on studies published in the last 4-5 years that discuss the implementation of sharia principles in microfinance. Furthermore, a thematic analysis was conducted to identify patterns, trends, and challenges faced by sharia microfinance institutions in implementing sharia principles. The results of this study indicate that the implementation of sharia principles in microfinance in Indonesia has great potential to improve the economic welfare of the community, especially in terms of financial inclusion. However, significant challenges related to the community's understanding of sharia principles and the lack of supporting regulations are still major obstacles to its development. Nevertheless, sharia microfinance continues to show great potential in providing solutions for community economic empowerment. This study suggests the need for strengthening policies, increasing public education on sharia principles in microfinance, and product and service innovations that are more in line with market needs. The successful implementation of sharia principles is highly dependent on effective collaboration between financial institutions, government, and the community.
Islamic Economic Transformation in the Digital Era: Opportunities and Challenges Bella Mauris
Journal of Islamic Economy Vol. 1 No. 2 (2024): JULY-JOIE
Publisher : Pt. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/rp5wm547

Abstract

The digital era has driven significant changes in various economic sectors, including in the development of Islamic economics. This study aims to examine the opportunities and challenges of Islamic economic transformation in the context of digitalization using the Systematic Literature Review (SLR) method. Data were obtained from selected academic literature published between 2019 and 2024, which were then analyzed using thematic coding techniques. The results of the study indicate that digitalization offers great opportunities to increase Islamic financial inclusion, expand market reach, and introduce innovations such as Islamic fintech, blockchain, and waqf-based crowdfunding. However, a number of challenges have emerged, such as regulatory uncertainty, low Islamic digital financial literacy, and cybersecurity risks. This study concludes that the success of Islamic economic transformation in the digital era is highly dependent on the synergy between adaptive regulations, technological innovations that are in accordance with Islamic principles, and increasing digital literacy among Muslim communities. These findings are expected to be the basis for developing strategies to strengthen the Islamic economy in facing the dynamics of the digital-based global economy.
Optimization Strategy for Zakat Collection and Distribution in the Digital Era Efendi Sugianto
Journal of Islamic Economy Vol. 2 No. 2 (2025): JULY-JOIE
Publisher : Pt. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/06dvjr47

Abstract

This study aims to analyze the strategy for optimizing zakat collection and distribution in the digital era, especially in the context of efficiency, transparency, and service reach. The background of this study is the still low realization of zakat collection compared to the very large national potential, as well as the challenges of unequal zakat distribution. The research method used is qualitative descriptive with data collection techniques in the form of in-depth interviews, document studies, and secondary data analysis from zakat institutions and other relevant sources. The results of the study show that digitalization of zakat through applications, e-wallets, and online payment systems can increase ease of access for muzakki and expand the reach of distribution to mustahik. Transparency of digital reports also encourages public trust, while infrastructure challenges and digital literacy remain obstacles that need to be overcome. This study emphasizes the importance of collaboration between the government, zakat institutions, and the technology sector to build an effective zakat system in the digital era.The findings of this study indicate that the use of digital technology, such as mobile-based zakat applications, QRIS systems, e-wallets, and online payments, have made a real contribution to increasing ease of access for muzakki and streamlining the zakat fund collection process. Furthermore, zakat distribution has become more structured and more widely accessible due to the integration of data and technology-based tracking systems. In addition, the transparency of real-time digital reports has been proven to increase the level of public trust in zakat institutions. However, this study also found that infrastructure challenges, technological gaps between regions, and low digital literacy, both among zakat managers and recipients, are still serious obstacles in efforts to optimize the digital zakat system.
Analysis of the Relationship between Sharia Investment and Macroeconomic Growth: An Empirical Study in Indonesia Ahmad Muqorrobin; Adi Putra; Yunie Rahayu
Journal of Islamic Economy Vol. 2 No. 2 (2025): JULY-JOIE
Publisher : Pt. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/t9ea5397

Abstract

This study aims to analyze the relationship between Islamic investment and macroeconomic growth in Indonesia using a qualitative approach through an exploratory descriptive design. Data were collected through in-depth interviews with academics, Islamic finance practitioners, regulators, and economic observers, supplemented by documentation studies from various official sources such as the Financial Services Authority (OJK), Statistics Indonesia (BPS), and Bank Indonesia. The results indicate that Islamic investment contributes positively to driving macroeconomic growth, particularly through financing the real sector and infrastructure development supported by sovereign sukuk instruments. The application of Islamic principles based on ethics, fairness, and the prohibition of usury contributes to creating a sustainable and inclusive investment ecosystem. Islamic investment also has a multiplier effect on the economy by strengthening MSMEs, creating jobs, and improving public welfare. However, the development of Islamic investment still faces several challenges, such as low levels of public literacy regarding Islamic finance, limited investment product variety, and the need for regulations that are more adaptive to global market dynamics. Therefore, closer synergy is needed between the government, regulators, industry players, and academics to strengthen the sharia investment ecosystem and optimize its role in inclusive and sustainable national economic development.
Productive Waqf Development Strategy to Advance Education and Health in the Bangka Belitung Islands Province Efendi Sugianto
Journal of Islamic Economy Vol. 2 No. 2 (2025): JULY-JOIE
Publisher : Pt. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/t8be8578

Abstract

Waqf is one of the important instruments in Islamic economics that has a strategic role in the social development of society, especially in the fields of education and health, in the Bangka Belitung Islands Province, the potential for waqf is quite large with more than 1,377 plots of waqf land spread across various regions but its management is still dominated by a consumptive approach and has not been developed productively, this article aims to examine the strategy of developing productive waqf as an alternative solution for financing education and health development, especially in areas that still have limited access to basic services. This study uses a descriptive qualitative approach with data collection methods through in-depth interviews, observation, and documentation. Research informants consist of waqf nazhir, community leaders, academics and related parties from the Ministry of Religious Affairs as well as waqf-based educational and health institutions. Data analysis was carried out with a thematic approach through the stages of data reduction, data presentation, and drawing conclusions. The research results show that low public literacy, unequal training for nazhir, and incomplete legality of waqf assets are the main obstacles in the development of productive waqf. However, there are initiatives that can serve as pilot models, such as the productive waqf incubation program by the KUA in East Belitung and South Belitung, and the management of oil palm agricultural waqf in Bedengung Village. The research also found that multi-stakeholder collaboration, management transparency, and digital technology support play a significant role in encouraging sustainable productive waqf. Thus, the strategy for developing productive waqf in Bangka Belitung requires synergy between the government, nazhir, the community, and the private sector through asset legalization, increasing public literacy, nazhir training, and the integration of waqf into regional economic programs. Productive waqf is expected to be an alternative development instrument that can strengthen education and health services evenly and inclusively, and improve community welfare in a sustainable manner in the Bangka Belitung archipelago.
The Influence of Product Quality, Member Satisfaction, and Brand Image on Member Loyalty of the Baitul Tamwil Muhammadiyah Mulia Sharia Consumer Cooperative Alfain Jalaluddin Ramadlan; Farokhah Muzayinatun Niswah; Dita Pratiwi Kusumaningtyas; Elvina Assadam
Journal of Islamic Economy Vol. 2 No. 2 (2025): JULY-JOIE
Publisher : Pt. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/3v54x542

Abstract

Competition in the world of the sharia cooperative industry requires administrators to work harder to maintain the loyalty of members so that they do not move to other competitors. So it is important for the management to know the factors that can affect the loyalty of its members. The purpose of this study is to determine the influence of product quality variables, member satisfaction, and brand image on the loyalty of members of the Sharia Consumer Cooperative (KKS) Baitul Tamwil Muhammadiyah (BTM) Mulia partially and simultaneously. The sample used in this study was 98 samples selected by the purposive sampling method with the respondent criteria, namely active members of the KKS BTM Mulia and members who have purchased products or services more than once. The data were processed using multiple linear regression analysis techniques. Based on the test, it was found that member satisfaction and brand image had a positive and significant effect on the loyalty of KKS BTM Mulia members, while product quality had no effect on the loyalty of KKS BTM Mulia members. Product quality, member satisfaction, and brand image simultaneously have a positive and significant effect on the loyalty of KKS BTM Mulia members.          

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