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Journal of International Islamic Business Studies
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Journal of International Islamic Business Studies
Published by Universitas Jenderal Soedirman
ISSN : -     EISSN : 31092209     DOI : https://doi.org/10.32424/jiibs
Core Subject : Economy,
Economics, Econometrics & Finance
The Journal of International Islamic Business Studies (JIIBS) is a scholarly journal devoted to publishing high-quality theoretical and empirical articles in all Islamic areas of business, economics, management, banking, and Islamic finance. Promote dialogue and discussion on current issues in the fields of Islamic economics and finance among the international community of scholars. Encourage empirical research on Islamic finance, takaful, zakat, awqaf, and other Islamic institutions, including case studies from Muslim economies.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis dan Menejemen Intetrnasional
Articles 21 Documents
 1   2   3 
Accounting Concepts in the Framework of Sharia Objectives Maqashid Sharia H. Hersugondo
Journal of International Islamic Business Studies Vol 1 No 2 (2024): JIIBS
Publisher : Fakultas Ekonomi dan Bisnis Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/jiibs.v1i2.16971

Abstract

The primary objective of Maqashid Shariah is to promote the well-being of humanity and all living beings. This principle aligns closely with the field of accounting, especially considering that modern accounting often emphasizes materialistic values, which in turn reinforce capitalist ideologies. Capitalism tends to empower the strong while marginalizing the weak, leading to social and economic inequality. It is often viewed as inhumane due to its potential for exploitation—whether by individuals or by states over others. Therefore, there is a pressing need to reform accounting, beginning with its fundamental definition. Definitions are critical, as they shape perspectives and practices. This study adopts a qualitative approach within a postmodern paradigm, viewed through the lens of Maqashid Shariah, which encompasses three core categories: dharuriyyat (essentials), hajiyyat (complementary needs), and tahsiniyyat (enhancements). The aim of this research is to propose a new definition of accounting grounded in Maqashid Shariah principles. The result is a redefined concept of accounting: it is a science that provides both quantitative and qualitative information to stakeholders and shareholders about a company's operations and condition, free from manipulation, with the ultimate goal of fostering harmony across all aspects of life.
From Classical Jurisprudence to Modern Practice: Forms of Named Contracts in Islamic Financial Institutions Bagas Gumintang; Filda Khoirun Nikmah
Journal of International Islamic Business Studies Vol 2 No 1 (2025): JIIBS
Publisher : Fakultas Ekonomi dan Bisnis Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/jiibs.v2i1.17922

Abstract

Islam, as a comprehensive religion, is founded on universal values that guide both spiritual and social dimensions of human life. As social beings, humans depend on one another to meet diverse needs that cannot be fulfilled individually. Such interactions necessitate legal frameworks to regulate relationships, particularly through contracts that ensure stability and compliance with sharia principles. The concept of ijab-qabul serves as a symbol of mutual consent between contracting parties, reflecting the voluntary agreement essential in upholding the validity of contracts. This study employs a literature review with a descriptive-analytical approach, drawing primarily on data from Islamic financial institutions. It examines various forms of named contracts and their practical implementation within these institutions. The discussion highlights that understanding the legal implications of these contracts is a fundamental requirement for parties engaging in muamalah activities.
Assessing the Management Practices of Village-Owned Enterprises (BUMDes) through an Islamic Economic Lens Hari Nuryanto
Journal of International Islamic Business Studies Vol 2 No 1 (2025): JIIBS
Publisher : Fakultas Ekonomi dan Bisnis Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/jiibs.v2i1.18286

Abstract

This researcher aims to explain the management of BUMDES in Pemalang village, West Java and the management of BUMDES from an Islamic economic perspective. This researcher uses a qualitative method, data collection techniques are obtained from observation, interviews and documentation related to this research. In this study, the researcher conducted interviews with the village head, the head of BUMDES and one of the people in Pemalang village. Based on the results of the research that has been conducted by the researcher, it can be concluded that the types of businesses studied are two types of businesses, namely drinking water depots and tent rentals. Both types of businesses are managed by BUMDES Pemalang village. In the management of BUMDES, it has been able to improve the community's economy, for example by opening up employment opportunities, training community skills and expertise, but the error lies in the lack of public awareness because they do not utilize the facilities available at BUMDES. Then the management of BUMDES from an Islamic economic perspective in Pemalang village has moved towards sharia, namely in the tent rental business and drinking water depot business because it is ta'awun which means helping each other and which is not sharia, namely in Brilink because it contains usury, and BUMDES has moved towards sharia
Leveraging Zakat for Economic Empowerment and Community Development Ali Mustafa; Abdul Razalli
Journal of International Islamic Business Studies Vol 2 No 1 (2025): JIIBS
Publisher : Fakultas Ekonomi dan Bisnis Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/jiibs.v2i1.18294

Abstract

This study explores the relationship between zakat as an Islamic financial instrument and the attainment of economic welfare. Zakat functions as a mandatory social mechanism that obliges the wealthy to assist those in need, thereby reducing poverty and promoting equitable income distribution. By channeling wealth from surplus to deficit groups, zakat plays a vital role in fostering social justice and economic stability within the community. In the framework of Islamic economics, welfare encompasses both material and spiritual well-being, achieved through obedience to divine laws as prescribed in the Qur’an, exemplified by the Prophet Muhammad (peace be upon him), and interpreted through scholarly ijtihad. Consequently, welfare in Islam is not merely a static condition but a continuous process that demands collective effort, ethical commitment, and sustained struggle. This paper emphasizes that effective zakat management can serve as a strategic tool for enhancing community welfare and achieving holistic development aligned with Islamic principles.
The Law of Taklif (Mukallaf) in Business Amaliah Handina; Xu Zhiyong
Journal of International Islamic Business Studies Vol 2 No 1 (2025): JIIBS
Publisher : Fakultas Ekonomi dan Bisnis Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/jiibs.v2i1.18295

Abstract

All human actions, behavior, and words are closely linked to the requirements of Sharia law, whether derived from the Qur'an, Sunnah, or other sources recognized by Sharia. According to Imam al-Ghazali, rulings on sharia are the essence of Islamic jurisprudence (fiqh) and ushul fiqh (jurisprudence). The goal of these two disciplines is to understand the activities of the mukallaf. Humans are stressed in terms of the legal demands of Taklif to be carried out or demands to be abandoned, which of course demands to be carried out are called obligatory and recommendations to be carried out are called sunnah. Meanwhile, demands to abandon certain things are called haram (forbidden), and recommendations to abandon them are called makruh (reprehensible). These legal demands emphasize human action in all aspects of life, including in the context of business.
Evaluating Claim Settlement in Islamic Life Insurance through the Lens of Maqasid al-Shariah: Evidence Insurance Compnay in Central Java Branch Intan Shaferi; Hesti Widianti; Muliasari Pinilih
Journal of International Islamic Business Studies Vol 2 No 2 (2025): JIIBS
Publisher : Fakultas Ekonomi dan Bisnis Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/jiibs.v2i2.18845

Abstract

This study aims to evaluate the claim settlement process of the Brilliance Hasanah Sejahtera life insurance product at PT Asuransi XXX, Central Java Branch, through the lens of Maqasid al-Shariah. Employing a qualitative descriptive method, the research examines whether the operational mechanisms of Islamic life insurance claims reflect Shariah compliance and contribute to social welfare (maslahah). Data were collected through interviews, observations, and documentation from both company representatives and policyholders. The findings reveal that the claim settlement procedure—comprising claim notification, submission of documents, verification, and payment—has been implemented in accordance with Islamic principles, emphasizing transparency, fairness, and efficiency. The analysis identifies that PT Asuransi XXX embodies the objectives of Maqasid al-Shariah primarily through the dimension of hifzh al-mal (protection of wealth), while simultaneously supporting other objectives such as hifzh al-din, hifzh al-nafs, hifzh al-aql, and hifzh al-nasl. The study concludes that the company’s claim settlement process reflects the realization of dharuriyat (essential needs), promoting justice and trust in Islamic financial services.
The Influence of Sharia Financial Literacy on Interest in Saving in Sharia Banks Dafi Andin Muhammad
Journal of International Islamic Business Studies Vol 2 No 1 (2025): JIIBS
Publisher : Fakultas Ekonomi dan Bisnis Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/jiibs.v2i1.18928

Abstract

The development of the Islamic financial industry in Indonesia shows a positive trend, butthe low level of Islamic financial literacy is one of the factors hampering public interest in usingIslamic banking services. The 2025 OJK National Survey on Financial Literacy and Inclusion(SNLIK) recorded that the level of Islamic financial literacy only reached 43.42%, far belowconventional financial literacy. This condition indicates that public understanding of the basicprinciples of Islamic economics, contract mechanisms, profit-sharing systems, and the fundamentaldifferences between Islamic and conventional banks is still uneven. Through a review of theory,previous literature, and emerging phenomena in society, this study examines the relationshipbetween Islamic financial literacy and interest in saving in Islamic banks. The results of the literaturereview indicate that a good understanding of Islamic financial concepts can increase trust,strengthen positive perceptions, and encourage public preference for Sharia-based savingsproducts. Thus, Islamic financial literacy plays a significant role in shaping interest in saving andis a strategic factor in strengthening the penetration of Islamic banking in Indonesia.
Analysis of Sharia Investment and its Influence on Muslim Investors’ Decision-Making in Indonesia Siva Alzaneta
Journal of International Islamic Business Studies Vol 2 No 2 (2025): JIIBS
Publisher : Fakultas Ekonomi dan Bisnis Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/jiibs.v2i2.18992

Abstract

Indonesia, as the country with the largest Muslim population in the world, has enormous potential for developing Sharia-compliant investments. Sharia investment is a capital investment system based on Islamic principles, free from riba (usury), gharar (gharar), and maysir (gambling), and emphasizes the values ​​of justice, transparency, and sustainability in economic activities. Sharia investment is expected to provide an alternative financial system that is not solely oriented towards financial gain but also aligns with the ethical and social values ​​of the Muslim community. This article aims to analyze the concept of Sharia investment and examine the factors influencing Muslim investors' decisions in selecting Sharia-compliant investment instruments in Indonesia. The research method used is a qualitative descriptive approach through a literature review of recent scientific journals, reference books, and official reports from Sharia financial institutions and regulators. The study results indicate that Sharia financial literacy plays a significant role in shaping investors' understanding and attitudes toward Sharia investment. Furthermore, risk perception, return levels, and trust in Sharia financial institutions and Sharia supervision have been shown to significantly influence investment decisions. These findings underscore the importance of improving education, transparency, and institutional strengthening to encourage sustainable growth of sharia investment in Indonesia.
Implementation of Islamic Corporate Governance Principles in Sharia Financial Services Institutions Amid Digital Transformation to Strengthen Consumer Protection and Business Ethics Ahmad Fadilah Ilmi Nasution
Journal of International Islamic Business Studies Vol 2 No 2 (2025): JIIBS
Publisher : Fakultas Ekonomi dan Bisnis Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/jiibs.v2i2.19004

Abstract

This study analyzes the implementation of Islamic Corporate Governance principles in Islamic financial services institutions in the midst of digital transformation to strengthen consumer protection and Islamic business ethics through a descriptive qualitative approach based on literature studies from scientific books, national-international journals, and financial authority websites; Data analysis includes reduction, narrative presentation, and conclusion drawing to illustrate the gap between sharia norms and operational practices. The results show that the implementation of the principles of accountability, transparency, fairness, and trust via DPS as well as technologies such as blockchain and AI on sharia fintech platforms has succeeded in increasing the efficiency of mudharabah transactions and automatic zakat distribution, but is hampered by low DPS literacy, immature cybersecurity regulations, outdated legacy infrastructure, minimal consumer literacy, and minimal stakeholder collaboration which triggers the risk of data leakage, hidden ghara, and business ethics shifted to commercial orientation; The role of Islamic Corporate Governance has proven to be essential to strengthen real-time supervision, sharia grievance redressal, and digital Islamicity index to maintain halal integrity and falah in the midst of innovations such as robo-advisory and tokenized sukuk.
The Advancement of Islamic Financial Systems in Indonesia and Malaysia through the Use of Financial Technology as an Indicator: A Literature Study Raihan Arlingga Pratama; Ramli nor Azuana
Journal of International Islamic Business Studies Vol 2 No 2 (2025): JIIBS
Publisher : Fakultas Ekonomi dan Bisnis Universitas Jenderal Soedirman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32424/jiibs.v2i2.19292

Abstract

Abstract The rapid expansion of financial technology (fintech) has increasingly reshaped contemporary financial systems, including Islamic finance, where technological integration is no longer viewed merely as a service enhancement but as a systemic development affecting governance quality, operational efficiency, and Sharia compliance. Hasan et al. (2020) emphasize that “Fintech based solutions have the potential to improve transparency, accountability, and operational efficiency in Islamic finance,” while Alshater et al. (2022) point out that weaknesses in regulation and financial literacy remain significant obstacles to the growth of Islamic fintech. This study seeks to examine the advancement of Islamic financial systems in Indonesia and Malaysia by treating Islamic fintech as an indicative measure rather than as an independent analytical variable. Employing a qualitative literature review approach, the Islamic financial system at the national level is used as the unit of analysis. The comparative discussion focuses on three key dimensions: regulatory framework, institutional arrangement, and innovation dynamics. The results suggest that Malaysia demonstrates a more advanced level of Islamic financial system maturity, as reflected in its coherent regulatory structure and well-established Sharia institutions. In contrast, Indonesia shows substantial growth potential but continues to encounter challenges related to regulatory fragmentation and institutional coordination. Overall, this study argues that Islamic fintech can serve as a meaningful indicator for assessing the relative advancement of a country’s Islamic financial system. Keywords: Islamic fintech, Islamic financial system, Indonesia, Malaysia.

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