Journal of Digital Economic Studies
Aims and Scope The Journal of Digital Economic Studies (JDES) aims to publish high-quality empirical and theoretical research that critically examines the transformation of economic systems, institutions, and market practices within digitally mediated economic environments. The journal particularly focuses on the development of the Digital Sharia Economy, emphasizing how digital technologies, platform-based markets, and financial innovation reshape Islamic economic practices, governance, entrepreneurship, and socio-economic inclusion in contemporary global society. JDES serves as an interdisciplinary academic forum for advancing critical scholarship on digital economic transformation from economic, social, institutional, managerial, and ethical perspectives. JDES welcomes original research articles, conceptual papers, and critical reviews that engage with the following major themes: Digital Sharia Finance and Islamic Financial Technology Research on Islamic fintech, digital Islamic banking, blockchain-based Sharia finance, digital payment systems, crowdfunding, peer-to-peer lending, financial inclusion, and technological innovation within Islamic financial institutions. Halal Digital Economy and Platform-Based Markets Studies examining halal e-commerce, digital marketplaces, platform economy, halal supply chains, digital consumer behavior, and the transformation of halal industries within digitally connected economic ecosystems. Digital Governance of Zakat, Waqf, and Islamic Philanthropy Analyses of fintech-based zakat and waqf management, digital philanthropy, governance transparency, accountability systems, crowdfunding for social welfare, and the digital transformation of Islamic social finance institutions. Digital Entrepreneurship and Innovation in Muslim Societies Research on digital entrepreneurship, startup ecosystems, MSME digitalization, Muslim digital entrepreneurs, innovation management, creative economy, and technology-driven business transformation in Muslim communities and emerging markets. Ethical, Inclusive, and Sustainable Digital Economy Studies exploring ethical governance, socio-economic justice, sustainable digital economy, inclusive economic development, digital labor, gig economy, and Sharia-based approaches to responsible and socially sustainable economic transformation. JDES prioritizes manuscripts that demonstrate strong theoretical engagement, methodological rigor, empirical originality, and international scholarly relevance. The journal welcomes quantitative, qualitative, mixed-method, and interdisciplinary approaches that contribute to contemporary debates on digital economy, Islamic economics, digital governance, sustainability, and digitally mediated socio-economic transformation.
Articles
5 Documents
Transformation of Digital Philanthropy Ecosystem: Effectiveness Analysis of Stock Waqf Management Based on Motion Trade Application
M. Syarifuddin Syarifuddin;
Taufiqur Rahman
Journal of Digital Economic Studies Vol. 1 No. 1 (2026): June
Publisher : Zamzami Scholar Publishing
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DOI: 10.64685/JDES.2026.1.1.1-19
This study examines the effectiveness of stock waqf management at PT MNC Sekuritas through the Motion Trade application, addressing the critical need for digital transformation in Islamic social finance. Using a qualitative case study design, the research explores how fintech bridges the gap between capital market activities and philanthropic obligations. Data were collected through in-depth interviews with management and investors, supported by empirical documentation of fund distribution. Applying the POAC (Planning, Organizing, Actuating, Controlling) framework, the findings demonstrate that Motion Trade simplifies the waqf mechanism into a seamless digital journey, ensuring systemic sharia compliance. The strategic partnership with certified nazhir institutions facilitates efficient Planning and Organizing, while the Actuating function is visibly evidenced by the rapid mobilization of funds for Gaza humanitarian relief and local orphan support programs. Furthermore, digital audit trails ensure rigorous control and investor trust. The study concludes that this ecosystem effectively democratizes productive waqf, proving that the convergence of technology and management principles transforms stock assets into sustainable social impact, validating the “Holistic Wealth Cycle” in the digital.
Revisiting the Concept of al-Māl in the Digital Age: Theoretical and Practical Implications of CBDC Implementation in Islamic Economics
Adjeng Nurussalam;
Rianto Anugerah Wicaksono
Journal of Digital Economic Studies Vol. 1 No. 1 (2026): June
Publisher : Zamzami Scholar Publishing
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DOI: 10.64685/JDES.2026.1.1.20-41
Digital transformation in the global financial system presents an ontological tension between algorithmic technological innovation and the rigid principles of Islamic law. This article investigates the position of Central Bank Digital Currency (CBDC) or Digital Rupiah from a sharia economics perspective, highlighting the compatibility of its technical design with the doctrines of fiqh muamalah and maqās}id al-sharī‘ah. Using a qualitative approach based on literature studies and content analysis of Bank Indonesia policy documents and DSN-MUI fatwas, this study finds that the Digital Rupiah meets the criteria of legitimate property (al-māl) because it has legal intrinsic value and is guaranteed by state authority. Further analysis reveals that the Distributed Ledger Technology (DLT) architecture of the Digital Rupiah is capable of mitigating the risks of riba, gharar, and maysir through systemic transparency, while enhancing asset protection (hifz} al-māl) and promoting financial inclusion. This study recommends the formulation of a hybrid policy that integrates central bank technology standards with sharia compliance parameters to ensure ethical monetary sovereignty. In conclusion, the Digital Rupiah represents a harmonious synthesis of modernity and tradition, offering a new model of monetary architecture that is fair, efficient, and based on divine values.
Digitalizing Zakat: Enhancing Muzakki Loyalty through E-Service Quality and Institutional Image in Indonesia
Alfia Bella Winanda
Journal of Digital Economic Studies Vol. 1 No. 1 (2026): June
Publisher : Zamzami Scholar Publishing
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DOI: 10.64685/JDES.2026.1.1.42-60
The digital transformation of Islamic philanthropy has reshaped donor behavior, yet the mechanism binding technology and long-term loyalty remains underexplored. This study examines the impact of digital zakat service quality on muzakki loyalty, while incorporating institutional image as a moderating variable. Employing a quantitative approach with an associative causal design, the research surveyed 72 active digital donors of Lazismu East Java using purposive sampling. Data were analyzed using Moderated Regression Analysis (MRA) via IBM SPSS 20. The findings reveal that digital service quality has a significant influence on loyalty (t = 6.769, B = 0.629), confirming that efficiency and transparency are primary drivers of retention. Crucially, institutional image functions as a quasi-moderator (Sig. = 0.028), effectively strengthening the causality between technical service performance and donor commitment. These results suggest that while technology serves as an engine for efficiency, institutional reputation acts as a trust anchor. The study contributes to the literature by demonstrating that hybrid strategies combining high-tech service and high-trust branding are essential for sustaining muzakki loyalty in the competitive digital era.
The Digital Reinvention of Philanthropy: Reconfiguring Good Zakat Governance in Traditional Networks
Hikmatus Sa'diyah
Journal of Digital Economic Studies Vol. 1 No. 1 (2026): June
Publisher : Zamzami Scholar Publishing
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DOI: 10.64685/JDES.2026.1.1.61-80
This study analyzes the implementation of the principles of Good Zakat Governance (GZG) in the digital fundraising strategy at LAZ Sidogiri Bangkalan Branch and evaluates its effectiveness on the performance of Zakat, Infak, and Sedekah (ZIS) fund collection. Using a Mixed Method Sequential Explanatory approach, this study combines an in-depth qualitative analysis of governance practices with a quantitative evaluation based on 2023–2024 financial reports. The results reveal that LAZ Sidogiri implements a hybrid fundraising model that synergizes the strength of the pesantren cultural network with financial technology instruments. The GZG principles, particularly transparency and accountability, are inherently integrated through digital reporting mechanisms on social media and double transaction validation. Quantitative analysis shows a positive growth trend in fund collection, mainly driven by a significant increase in the digital retail infaq segment, with the collection effectiveness ratio falling into the highly effective category. These findings confirm that digitalization accelerates public trust and financial stability for institutions. This study recommends expanding digitalization in fund distribution to match the speed of collection and optimize the social impact for mustahik.
The Pragmatic Digital Believer: Why Gen Z Prioritizes Value over Religious Identity in the Shopee Ecosystem
Zainiyatul Musallimah
Journal of Digital Economic Studies Vol. 1 No. 1 (2026): June
Publisher : Zamzami Scholar Publishing
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DOI: 10.64685/JDES.2026.1.1.81-98
The rapid digitization of the Islamic economy has birthed a complex tension between religious idealism and market pragmatism. This study investigates the hierarchy of purchase determinants among Generation Z Muslims in Surabaya, specifically within the Shopee fashion ecosystem. Employing a quantitative explanatory design with 100 respondents, this research utilizes multiple linear regression to analyze the contestation between utilitarian variables (Product Quality and Price) and theological variables (Halal Awareness). The findings reveal a striking paradox: while the model collectively predicts 88.4% of purchase decisions, Halal Awareness fails to demonstrate statistical significance (p > 0.05). Conversely, Product Quality and Price emerge as absolute determinants with high levels of significance. These results challenge the prevailing assumption of blind faith-based loyalty, suggesting a paradigm shift towards “Pragmatic-Religious Consumption.” Generation Z operates as rational economic actors who prioritize visual aesthetics and cost efficiency over formal religious labeling in the context of fashion. Consequently, the industry must pivot from symbolic religious marketing to substantive value creation to capture this critical demographic.