Economia: Journal of Economics and Management
Focus and Scope Focus Economia: Journal of Economics and Management focuses on publishing high-quality scholarly articles that examine both contemporary and classical issues in the fields of economics, business, finance, and management within local, national, regional, and global contexts. The journal promotes interdisciplinary and multidisciplinary approaches in analyzing economic and managerial dynamics, integrating perspectives from conventional economics, Islamic economics, development economics, digital economy, and value-based and sustainability-oriented economic systems. Scope Economia: Journal of Economics and Management publishes scholarly articles that include, but are not limited to, the following areas: Economics: Microeconomics and macroeconomics, development economics, regional and urban economics, international economics, political economy, public economics, institutional economics, environmental and natural resource economics, agricultural economics, industrial economics, creative economy, digital economy, behavioral economics, health economics, education economics, community-based economy, sustainable economy, green economy, circular economy, and Islamic economics (Shariah-based economic systems, Islamic economic thought, Islamic social finance, zakat, waqf, Islamic philanthropy, maqasid al-shariah in economics, and value-based development models). Business and Entrepreneurship: Business studies, entrepreneurship, MSMEs and community-based enterprises, business innovation, business models, digital business, startups and technopreneurship, e-commerce, sustainable business, social business and social entrepreneurship, corporate governance, business ethics, and corporate social responsibility (CSR). Finance: Public finance, corporate finance, banking and financial institutions, capital markets, investment, risk management, asset management, international finance, financial inclusion, financial literacy, fintech and digital finance, digital payment systems, and Islamic finance (Islamic banking, Shariah capital markets, Islamic fintech, Islamic financial management, sukuk, takaful, and Islamic social finance). Management: Strategic management, human resource management, marketing management, operations management, supply chain management, quality management, innovation management, knowledge management, organizational management, leadership, organizational behavior, education management, public management, nonprofit and public sector management, technology-based management, change management, and digital transformation management. Interdisciplinary and Cross-Cutting Studies: Economics and public policy, economics and law, economics and education, economics and technology, economics and socio-cultural studies, economics and environmental studies, economics and sustainable development (SDGs), digital transformation in economics and management, and interdisciplinary studies integrating economics, business, management, technology, and society.
Articles
15 Documents
<![CDATA[Barriers of Implementing Balanced Scorecard in Jordan: a Case Study of Jordanian Banks ]]>
<![CDATA[Abd Al-Rahman Jaradat]]>;
<![CDATA[Syamsul Azri bin Abdul Rahman]]>
<![CDATA[ Economia: Journal of Economics and Management Vol 1 No 1 (2022): Economia: Journal of Economics and Management ]]>
Publisher : <![CDATA[Cyber Media Indonesia ]]>
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<![CDATA[This study aimed to find the existing barriers facing Balanced Scorecard implementation as a performance measurement and management tool in the Jordanian banks. Qualitative research semi-structured interviews were conducted with nine Jordanian commercial bank managers using open-ended questions. The data was analyzed using cross-case analysis. The study showed that lack of top management support, absence of employee participation, inefficient communication between employees and between management levels, lack of knowledge, lack of information technology support, limited education and training, employee resistance, and insufficient funds were the existing challenges in Jordanian bank which would affect the strategy implementation.]]>
<![CDATA[Examination of Islamic law of Inheritance [Miraath] in Kwara State Lower Courts ]]>
<![CDATA[Muhammad Jumat Dasuki]]>
<![CDATA[ Economia: Journal of Economics and Management Vol 1 No 1 (2022): Economia: Journal of Economics and Management ]]>
Publisher : <![CDATA[Cyber Media Indonesia ]]>
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<![CDATA[The Islamic law of Inheritance has been pre-ordained by Allah (S.W.T.) in a wise and gradual manner. It has determined the rulings and methods to distribute inheritance among all beneficiaries with the purpose to act fairly to all levels of beneficiaries and to avoid discrepancies among them. Among Muslims today internecine scramble for the distribution of the property of a deceased person has become a serious societal problem that requires profound attention. The struggle over inheritance of property has pitted children of the same father against each other. Conflicts among Muslims over inheritance have resulted in unrest in the society. It is observed that the crises sometimes arise because of issuance of wrong rulings by the Alfas called to distribute the estate or by Qaadis especially at juridical Courts of lower status. Therefore this work examines the application of Islamic inheritance system in Lower Courts of Kwara State by comparing and contrasting the methodologies applied by the individual Court in the study areas with the laid down Islamic principles of Islamic law of inheritance. It also appraises the correctness or otherwise of inheritance cases decided upon by the Area Courts in Kwara State. The paper applies analytical and historical approaches for this study as well as library sources as a tool of sourcing for information and concludes with useful recommendations.]]>
<![CDATA[Implementasi Akad Pembiayaan Syariah pada Gadai ]]>
<![CDATA[Ikhsan Fajri]]>;
<![CDATA[Muksal]]>
<![CDATA[ Economia: Journal of Economics and Management Vol 1 No 1 (2022): Economia: Journal of Economics and Management ]]>
Publisher : <![CDATA[Cyber Media Indonesia ]]>
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<![CDATA[Kehadiran instrumen lembaga keuangan syariah di tuntut dapat terus bersinergi serta memberikan pola-pola serta gagasan baru dalam merekontruksi gagasan terdahulu dengan konteks ke kinian sehingga kehadiran instrumen keuangan syariah menjadi nyata serta dapat di nikmati dan diaplikasikan oleh generasi saat ini.Dalam penelitian ini, peneliti menggunakan metode penelitian kualitatif.Tujuan dari penelitian ini yakni mengenai identifikasi implementasi Akad Syariah pada Gala. Pendekatan penelitian yang digunakan dalam penelitian kali ini adalah pendekatan fenomenologis.Jenis data yang digunakan dalam penelitian kali ini adalah data primer.Untuk teknik pengumpulan data ini peneliti menggunakan wawancara dan observasi.Praktik gala tradisional yang terdapat dalam kehidupan masyarakat Aceh Barat Daya dibangun secara turun-temurun sejak abad ke 16 sampai saat ini mendekati pada pola akad yang ada dalam sistem ekonomi Islam dimana salah satunya adalah akad mudharabah, akad ini diharapakan dapat menjadi solusi alternatif bagi dunia keuangan syariah kedepan untuk pembiyaan yang bersifat produktif yang diangkat dari praktek bisnis masyarakat pedalaman Aceh Barat Daya yang bersifat local wisdom.]]>
<![CDATA[Islamic Banking and Global Financial Crises: A Review of Liquidity Risk Management ]]>
<![CDATA[AbdulFattah AbdulGaniyy]]>;
<![CDATA[Ibraheem Alani AbdulKareem]]>
<![CDATA[ Economia: Journal of Economics and Management Vol 1 No 1 (2022): Economia: Journal of Economics and Management ]]>
Publisher : <![CDATA[Cyber Media Indonesia ]]>
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<![CDATA[The objective of this conceptual paper is to describe the resilience of Islamic banks during the 2008 and 2009 global financial meltdown. The growth of complex financial instruments which was aimed at spreading risk actually increased instability due to market fluctuations and speculative activities resulted to the Global Financial Crisis (GFC). Inadequate liquidity is the immediate cause of financial meltdown. The paper reviews the causes of liquidity risk in Islamic banks which is based on Shariah (Islamic Law) that prohibits charging of interest in business transactions. The study highlights the challenges of Islamic banks on liquidity in spite of its resilience during the crisis. Major causes of liquidity risk in Islamic banks were also discussed. The paper concludes with managerial and policy implications and the need to address the problem of managing liquidity risk in Islamic banks against possible future financial crisis.]]>
<![CDATA[Konsep Gharar dan Maysir dan Aplikasinya pada Lembaga Keuangan Islam ]]>
<![CDATA[Ar Royyan Ramly]]>
<![CDATA[ Economia: Journal of Economics and Management Vol 1 No 1 (2022): Economia: Journal of Economics and Management ]]>
Publisher : <![CDATA[Cyber Media Indonesia ]]>
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<![CDATA[Tulisan ini bertujuan menganalisa dan memberikan pemahaman kepada kita tentang aplikasi gharar dan maysir dalam lembaga keuangan. Seperti halnya lembaga keuangan syariah harus menghindari komponen gharar dan maysir dalam aplikasi pembiayan maupun pendanaan dalam lembaga keuangan syariah. Gharar sering di kaitkan dengan sebuah resiko atau bahaya yang dihadapi dalam sebuah kegiatan transaksi atau investasi, komponen gharar sendiri dapat kita lihat dalam dua bagian yaitu gharar fahisy dan gharar yasir. Sedangkan maysir komponen yang hampir serupa dan aplikasi pembiayaan yang dihadapi oleh lembaga keuangan syariah. Maysir sering dihadapi dengan kondisi spekulasi pada saat melakukan investasi baik di pasar modal dan pasar uang, sehingga menyebabkan salah satu pihak merasa dirugikan atau terzalimi. Oleh karenanya kedua komponen gharar dan maysir harus dihindari dalam aplikasi lembaga keuangan syariah.]]>
<![CDATA[Zakat–Waqf Synergy in Islamic Social Finance: The Indonesian Model and Sustainable Development ]]>
<![CDATA[Minati Maulida]]>;
<![CDATA[Ubaidillah Ubaidillah]]>;
<![CDATA[Hanik Rosyidah]]>
<![CDATA[ Economia: Journal of Economics and Management Vol 5 No 1 (2026): Economia: Journal of Economics and Management ]]>
Publisher : <![CDATA[Cyber Media Indonesia ]]>
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<![CDATA[This article analyzes the synergy between zakat and waqf within the framework of Islamic Social Finance (ISF) in Indonesia as a human-centered and value-based model of sustainable development. Departing from fragmented Islamic philanthropy approaches, this study positions zakat and waqf as complementary instruments within a unified social finance ecosystem: zakat functions as a short-term redistributive mechanism to maintain livelihoods and social justice, while waqf provides long-term social financing through productive asset management. Using a descriptive qualitative approach based on literature review and policy analysis, this study examines maqāṣid al-sharī‘ah, ISF practices, and their integration with the Sustainable Development Goals (SDGs). The findings show that the effectiveness of zakat–waqf synergy in Indonesia is shaped not only by institutional structures but also by local wisdom, including mutual cooperation, mosques, Islamic boarding schools, and community philanthropy traditions as forms of social capital. This synergy strengthens ISF as a pillar of sustainable, inclusive, and equitable Islamic development. This article contributes by formulating a conceptual framework for zakat–waqf synergy grounded in maqāṣid al-sharī‘ah and Indonesian local wisdom, offering relevance both for the national context and as a reference model for other Muslim societies.]]>
<![CDATA[Implementasi Kepatuhan Syariah dalam Pengelolaan Hotel Syariah: Studi Wawancara terhadap Manajer dan Konsultan Industri ]]>
<![CDATA[Siti Nur Husna Abd Rahman]]>;
<![CDATA[Rafidah Mohd Azli]]>;
<![CDATA[Nursafra Mohd Zhaffar]]>;
<![CDATA[Siti Nadiah Binti Babge]]>
<![CDATA[ Economia: Journal of Economics and Management Vol 5 No 1 (2026): Economia: Journal of Economics and Management ]]>
Publisher : <![CDATA[Cyber Media Indonesia ]]>
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<![CDATA[The Islamic hospitality industry has experienced rapid growth over the past decade, in line with the expansion of global halal tourism. However, the practice of Shariah compliance among Shariah-compliant hotels continues to face challenges, particularly in terms of policy implementation, monitoring, and standardisation. This study aims to explore Shariah compliance practices in the management of Shariah-compliant hotels in Malaysia using a qualitative approach. Data were collected through semi-structured interviews involving hotel managers and industry consultants with extensive experience in operational management and Shariah-related aspects. Thematic analysis was employed to analyse the collected data. The findings reveal three main themes in Shariah compliance practices: (1) the implementation of Shariah policies and guidelines, (2) human resource and training challenges, and (3) the need for continuous monitoring and auditing. The study also identifies the need for comprehensive Shariah standard operating procedures (SOPs) as well as technological support to ensure consistent compliance monitoring. This research contributes to the existing literature on Islamic hotel management and provides practical guidance for hotel management and relevant authorities in enhancing a more effective and sustainable Shariah compliance system. Abstrak Industri perhotelan Islam mengalami pertumbuhan pesat dalam dekade terakhir, seiring dengan perkembangan pariwisata halal global. Namun, praktik kepatuhan syariah di kalangan hotel syariah masih menghadapi berbagai tantangan, khususnya dalam aspek implementasi kebijakan, pemantauan, dan standardisasi. Penelitian ini bertujuan untuk mengeksplorasi praktik kepatuhan syariah dalam pengelolaan hotel syariah di Malaysia melalui pendekatan kualitatif. Data dikumpulkan melalui wawancara semi-terstruktur yang melibatkan manajer hotel dan konsultan industri yang berpengalaman dalam manajemen operasional serta aspek-aspek kesyariahan. Analisis tematik digunakan untuk mengkaji data yang diperoleh. Hasil penelitian menunjukkan adanya tiga tema utama dalam praktik kepatuhan syariah, yaitu: (1) implementasi kebijakan dan pedoman syariah, (2) tantangan sumber daya manusia dan pelatihan, serta (3) kebutuhan akan pemantauan dan audit berkelanjutan. Penelitian ini juga mengidentifikasi perlunya standar operasional prosedur (SOP) syariah yang komprehensif serta dukungan teknologi untuk memastikan pemantauan kepatuhan yang konsisten. Studi ini berkontribusi terhadap literatur yang ada dalam bidang pengelolaan hotel Islam dan memberikan panduan praktis bagi manajemen hotel serta otoritas terkait dalam meningkatkan sistem kepatuhan syariah yang lebih efektif dan berkelanjutan.]]>
<![CDATA[Performance of Shariah Contracts in Islamic Banking: A Bibliometric Analysis ]]>
<![CDATA[Mohamad Khalid Yunus bin Mansor]]>;
<![CDATA[Muhammad Luthfi bin Mohammad Masruh]]>
<![CDATA[ Economia: Journal of Economics and Management Vol 5 No 1 (2026): Economia: Journal of Economics and Management ]]>
Publisher : <![CDATA[Cyber Media Indonesia ]]>
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<![CDATA[This study aims to systematically review and visualise the intellectual structure and research landscape concerning the performance of Shariah contracts in Islamic banking, addressing existing gaps in comprehensive bibliometric mapping across major contract types. It seeks to identify key themes, influential contributors, and citation patterns to provide a framework for future empirical and theoretical research. The research employed a quantitative bibliometric analysis using data sourced from Scopus and Web of Science (WoS) databases. A total of 499 publications spanning from 1996 to 2025 were analysed after a rigorous deduplication process using ScientoPy. The study utilised VOSviewer and ScientoPy software tools to visualise publication growth, keyword co-occurrences, and collaborative networks. The findings reveal a significant and sustained increase in research output, particularly peaking between 2024 and 2025. Malaysia emerges as the leading contributor, with the International Islamic University Malaysia (IIUM) ranking as the top institution. Thematic analysis indicates a shift from general comparative studies to specific instruments like Sukuk and Musharakah, with emerging trends focusing on financial stability, Islamic Social Finance, and the integration of Fintech, such as Blockchain.]]>
<![CDATA[Model Tata Kelola Zakat Produktif Holistik Berbasis Good Community Engagement ]]>
<![CDATA[Abdul Wasik]]>;
<![CDATA[Irma Nurhayati]]>
<![CDATA[ Economia: Journal of Economics and Management Vol 5 No 1 (2026): Economia: Journal of Economics and Management ]]>
Publisher : <![CDATA[Cyber Media Indonesia ]]>
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<![CDATA[Productive zakat is a strategic instrument for transformative and long-term economic empowerment, requiring governance grounded in transparency, participation, and sustainability. Kampung Zakat BAZNAS Bondowoso and Kampung SDGs BAZNAS Jember illustrate community-based zakat practices; however, a systematic and contextual governance model is still needed to support the transformation of mustahik into muzakki and to strengthen the Ber-ISI values—intellectuality, spirituality, and integrity. This study aims to develop a holistic productive zakat governance model based on Good Community Engagement (GCE) to enhance the effectiveness of zakat distribution and community empowerment. Using a qualitative case study approach, data were collected through in-depth interviews, participatory observation, and documentation analysis. The study examines five core GCE pillars: participation, accountability, transparency, inclusivity, and sustainability. The findings demonstrate that integrating GCE principles with a holistic productive zakat approach produces governance that is not only efficient and effective but also empowers communities economically, socially, intellectually, and spiritually. This model offers a policy framework for zakat management that is community-rooted rather than solely institution-centered. Abstrak Zakat produktif merupakan instrumen strategis dalam pemberdayaan ekonomi umat yang berorientasi transformasi jangka panjang, sehingga menuntut tata kelola yang transparan, partisipatif, dan berkelanjutan. Kampung Zakat BAZNAS Bondowoso dan Kampung SDGs BAZNAS Jember merepresentasikan praktik zakat berbasis komunitas, namun masih memerlukan model tata kelola yang sistematis dan kontekstual untuk mendorong transformasi mustahik menjadi muzaki serta penguatan kualitas Ber-ISI (intelektualitas, spiritualitas, dan integritas). Penelitian ini bertujuan mengembangkan model tata kelola zakat produktif holistik berbasis Good Community Engagement (GCE) guna meningkatkan efektivitas distribusi zakat dan pemberdayaan mustahik. Penelitian menggunakan pendekatan kualitatif dengan studi kasus melalui wawancara mendalam, observasi partisipatif, dan studi dokumentasi. Analisis data dilakukan secara tematik dengan triangulasi sumber dan teknik. Hasil penelitian menunjukkan bahwa integrasi prinsip GCE—partisipasi, akuntabilitas, transparansi, inklusivitas, dan keberlanjutan—dengan pendekatan zakat produktif holistik membentuk tata kelola yang efektif, efisien, dan berorientasi pada pemberdayaan ekonomi, sosial, spiritual, dan intelektual masyarakat. Model ini menawarkan formulasi kebijakan pengelolaan zakat yang berakar pada kekuatan komunitas lokal, bukan semata pendekatan kelembagaan.]]>
<![CDATA[Relevansi Konsep Harta Isti’mali dalam Ekonomi Islam Kontemporer ]]>
<![CDATA[Nadina Putri]]>;
<![CDATA[Nur Azizah]]>;
<![CDATA[Intan Syarifah]]>
<![CDATA[ Economia: Journal of Economics and Management Vol 5 No 1 (2026): Economia: Journal of Economics and Management ]]>
Publisher : <![CDATA[Cyber Media Indonesia ]]>
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<![CDATA[This article examines the relevance of the concept of harta isti’mali in contemporary Islamic economics as a normative framework for individual wealth management. Harta isti’mali is understood as wealth owned to fulfill personal and household needs, rather than for commercial or profit-oriented productive activities. This study employs a qualitative approach with a normative-conceptual library research design, based on the analysis of classical fiqh sources, contemporary Islamic economic thought, and relevant academic literature. The findings indicate that the classification of wealth in Islam is not determined by the physical form of assets, but by their function, purpose of use, and orientation of utilization. In the context of modern economic life, the blurring of boundaries between needs and desires, as well as the transformation of asset functions, generates significant ethical and legal implications, particularly in relation to consumption ethics and zakat obligations. The concept of harta isti’mali plays a strategic role as an ethical instrument in shaping moderate, just, and sustainable Islamic economic practices. The revitalization of this concept is essential to align Muslim economic behavior with the objectives of maqasid al-shariah in responding to contemporary economic dynamics. Abstrak Artikel ini mengkaji relevansi konsep harta isti’mali dalam konteks ekonomi Islam kontemporer sebagai kerangka normatif dalam pengelolaan kekayaan individu. Harta isti’mali dipahami sebagai harta yang dimiliki untuk memenuhi kebutuhan pribadi dan rumah tangga, bukan untuk tujuan komersial atau aktivitas produktif. Penelitian ini menggunakan pendekatan kualitatif dengan desain penelitian kepustakaan (library research) yang bersifat normatif-konseptual, melalui analisis terhadap sumber-sumber fikih klasik, pemikiran ekonomi Islam kontemporer, serta literatur akademik yang relevan. Hasil kajian menunjukkan bahwa klasifikasi harta dalam Islam tidak ditentukan oleh bentuk fisik aset, melainkan oleh fungsi, tujuan pemanfaatan, dan orientasi penggunaannya. Dalam konteks ekonomi modern, kaburnya batas antara kebutuhan dan keinginan serta perubahan fungsi harta menimbulkan implikasi etis dan hukum, khususnya terkait etika konsumsi dan kewajiban zakat. Konsep harta isti’mali memiliki peran strategis sebagai instrumen etis untuk membangun praktik ekonomi Islam yang moderat, berkeadilan, dan berkelanjutan. Revitalisasi konsep ini penting untuk menyelaraskan perilaku ekonomi individu Muslim dengan tujuan maqasid al-shariah dalam menghadapi dinamika ekonomi kontemporer.]]>
