cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
Zakiyyah Ilma Ahmad
Contact Email
zakiyyahilmaahmad@gmail.com
Phone
+6282257850525
Journal Mail Official
istifadastiesba@gmail.com
Editorial Address
Jalan H. Nur Syahid, Kalibening Tanggalrejo Kec. Mojoagung Kab. Jombang – Jawa Timur 61482 Indonesia.
Location
Kab. jombang,
Jawa timur
INDONESIA
ISTIFADA : Jurnal Ekonomi dan Lembaga Keuangan Syariah
Published by Sekolah Tinggi Ilmu Ekonomi Syariah Babussalam
ISSN : -     EISSN : 31639895     DOI : https://doi.org/10.64454/istifada.v1i01
Core Subject :
ISTIFADA: Jurnal Ekonomi dan Lembaga Keuangan Syariah adalah jurnal ilmiah yang diterbitkan oleh Prodi Perbankan Syariah STIES Babussalam. Jurnal ini berfokus pada publikasi karya ilmiah di bidang ekonomi Islam, perbankan syariah, dan lembaga keuangan syariah, baik dalam konteks teori maupun praktik. Tujuan penerbitan jurnal ini adalah menyediakan wadah akademik bagi dosen, peneliti, praktisi, dan mahasiswa untuk mengembangkan serta menyebarluaskan hasil penelitian yang berkontribusi terhadap kemajuan ilmu pengetahuan dan praktik ekonomi syariah di Indonesia dan dunia Islam. Ruang lingkup kajian dalam jurnal ini meliputi (namun tidak terbatas pada): 1. Ekonomi Islam dan kebijakan publik berbasis syariah 2. Perbankan dan lembaga keuangan syariah 3. Manajemen dan bisnis syariah 4. Akuntansi, audit, dan tata kelola syariah 5. Investasi, pasar modal, dan fintech syariah 6. Zakat, wakaf, dan filantropi Islam 7. Inovasi dan digitalisasi dalam keuangan syariah Setiap artikel yang diterbitkan melalui proses peer review oleh mitra bestari yang kompeten di bidangnya. Jurnal ISTIFADA terbit dua kali setahun (Februari dan Agustus) dan menerima naskah dalam bahasa Indonesia maupun Inggris.
Arjuna Subject : -
Articles 20 Documents
 1   2 
Implementation of Islamic Business Ethics in Contemporary Culinary Business Practices (A Study on Mie Gacoan Tasikmalaya 1-Siliwangi ) Resi Resliawati Resi; Rismawati Risma; Alfiyah Nur Azizah Alfiyah Nur Azizah; Aris Saepul Anwar Aris Saepul Anwar; Niningtyas Rahayuningsing Niningtyas Rahayuningsing; Asep Saepulloh Asep Saepulloh
ISTIFADA : Jurnal Ekonomi dan Lembaga Keuangan Syariah Vol. 2 No. 01 (2026): ISTIFADA : Jurnal Ekonomi Dan Lembaga Keuangan Syariah
Publisher : LPPM STIES BABUSSALAM

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64454/istifada.v2i01.180

Abstract

Implementation of Islamic business ethics in contemporary culinary business practices at Mie Gacoan Tasikmalaya 1-Siliwangi. Islamic business ethics is a set of moral values ​​derived from the Qur'an and Hadith that emphasize the principles of honesty ( ṣ iddiq ), trustworthiness ( amanah ), intelligence ( fa ṭ anah ), and communication ( tabligh ) in economic activities. This study uses a qualitative method with a field observation approach to identify the extent to which these values ​​are applied in business practices. It shows that the application of Islamic business principles at Mie Gacoan Tasikmalaya Siliwangi has implemented these principles, including through price transparency and product conformity with the information conveyed ( ṣ iddiq ), friendly service and responsibility in fulfilling orders ( amanah ), product innovation and marketing strategies that are adaptive to market needs ( fa ṭ anah ), and polite and effective communication with consumers ( tabligh ). The implementation of these values ​​contributes to building consumer trust and maintaining business sustainability
The Impact of the Financial Sector Development and Strengthening Law (UUP2SK) on the Supervision of Islamic Microfinance Institutions Muhammad Farid Al-Azhar; Ahmad Zainul Abidin; Jafar Shiddiq; Syafiul Umam
ISTIFADA : Jurnal Ekonomi dan Lembaga Keuangan Syariah Vol. 2 No. 01 (2026): ISTIFADA : Jurnal Ekonomi Dan Lembaga Keuangan Syariah
Publisher : LPPM STIES BABUSSALAM

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64454/istifada.v2i01.207

Abstract

Islamic Microfinance Institutions (LMKS) play a crucial role in Indonesia's inclusive financial architecture, serving as a bridge for millions of unbanked and underbanked individuals to access Sharia-compliant financial products. However, their effectiveness and sustainability are often hampered by decades of dualism and fragmentation in the supervisory system. The enactment of Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (UUP2SK) marks a fundamental turning point in Indonesia's financial sector supervisory architecture, including for LMKS. This study aims to comprehensively and in-depth analyze the impact of UUP2SK on the LMKS supervisory system. Using normative juridical research methods and a comparative approach, this study examines the shifting regulatory paradigm, shifting institutional authority, and the resulting multi-layered impacts on LMKS governance, risk management, and operations. The results show that UUP2SK significantly changes the supervisory landscape by shifting licensing and supervisory authority for cooperatives operating in the financial services sector, including the majority of LMKS, from the Ministry of Cooperatives and SMEs to the Financial Services Authority (OJK). This change introduces a new supervisory regime based on a risk -based supervision approach , the application of prudential principles, and increased demands for good corporate governance and strengthened consumer protection. While this reform promises long-term stability and increased public trust, its implementation faces multidimensional challenges related to the readiness of human resources on the regulatory and industry sides, technological infrastructure gaps, and the potential for increased compliance costs that could burden small-scale financial institutions (LMKS). This study recommends a proportional and adaptive implementation strategy, as well as collaborative synergy between regulators, industry associations, and academics to ensure an effective supervisory transition without harming the social mission and operational flexibility that are the core strengths of LMKS
Challenges and Adaptation Strategies of Mosque Takmirs in the Transition from Conventional Reporting to Accounting Standards Based on PSAK 45 and PSAK 101 Rakhmawan Habibi; Zakiyyah Ilma Ahmad; Mohamad Nur Husen; Nur Laily Hidayati
ISTIFADA : Jurnal Ekonomi dan Lembaga Keuangan Syariah Vol. 2 No. 01 (2026): ISTIFADA : Jurnal Ekonomi Dan Lembaga Keuangan Syariah
Publisher : LPPM STIES BABUSSALAM

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64454/istifada.v2i01.208

Abstract

Modernizing mosque financial governance toward accountable accounting standards is a necessity in the era of digital disruption and increasing demands for public transparency. However, the transition process is fraught with complex organizational challenges. This study aims to identify key challenges and formulate effective adaptation strategies for mosque administrators in the transition process from a conventional cash-based reporting system to the implementation of Financial Accounting Standards Statement (PSAK) 45 and PSAK 101. This study uses a qualitative approach with conceptual analysis based on a synthesis of literature on change management, non-profit accounting, and studies of religious organizations, and is analyzed using Lewin's theory of change framework. The results identify three broad categories of interrelated challenges: cultural (worship vs. management paradigm and personal belief-based culture), competency (low accounting literacy among mosque administrators), and structural (lack of change leadership and resource allocation). An in-depth analysis of the interaction of these challenges yields a new finding : a Mosque Governance Adaptation Strategy Framework (SATKAM) . This framework is a three-stage change management model—Unfreeze, Change, and Refreeze—containing a series of practical and replicable strategies. These findings make a significant contribution by offering a managerial roadmap that transforms the discourse from what to achieve to how to achieve it , thus serving as a guide for administrators and stakeholders in managing the change process in a more structured and effective manner
Self-Endowment as a Human Capital Instrument in Encouraging Islamic Economic Development in Islamic Boarding Schools Maulana Zakaria Ahmad; Fauzan Fauzan; M.F Hidayatullah
ISTIFADA : Jurnal Ekonomi dan Lembaga Keuangan Syariah Vol. 2 No. 01 (2026): ISTIFADA : Jurnal Ekonomi Dan Lembaga Keuangan Syariah
Publisher : LPPM STIES BABUSSALAM

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64454/istifada.v2i01.209

Abstract

The practice of waqf in Islamic boarding schools (pesantren) has not only been manifested in the form of material assets but has also developed into self-waqf through the dedication of students' time, energy, and expertise. Self-waqf is a potential instrument for supporting human capital development from the perspective of Islamic economic development. However, studies examining the contribution of self-waqf to human resource development and pesantren-based Islamic economic development remain limited. This study aims to analyze the role of self-waqf in human capital development and its contribution to Islamic economic development within pesantren communities. The research employs a qualitative approach using a library research method through the analysis of relevant journals, books, and scientific publications. The findings indicate that self-waqf plays a significant role in shaping human capital through the development of skills, leadership, managerial experience, as well as the strengthening of spiritual and social values. Furthermore, self-waqf supports the sustainability of the pesantren economic ecosystem by creating productive, independent, and socially oriented human resources. Therefore, self-waqf can be considered a strategic instrument in promoting sustainable Islamic economic development based on pesantren institutions
Relevance and Limitations of Conventional Development Theory in the Context of Muslim-Majority Countries Citra Hadi Habibie; Fauzan Fauzan; M.F Hidayatullah
ISTIFADA : Jurnal Ekonomi dan Lembaga Keuangan Syariah Vol. 2 No. 01 (2026): ISTIFADA : Jurnal Ekonomi Dan Lembaga Keuangan Syariah
Publisher : LPPM STIES BABUSSALAM

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64454/istifada.v2i01.210

Abstract

Modernization has become a dominant paradigm in contemporary development discourse, originating from Western intellectual traditions based on rationalism, secularism, industrialization, and economic expansion. Along with modernization, conventional development theories such as dependency theory and neoclassical growth theory emerged as frameworks for explaining economic transformation and development processes. However, their application in Muslim-majority countries raises questions regarding philosophical compatibility and practical limitations. This study aims to examine the relevance and limitations of conventional development theory from the perspective of Muslim-majority societies. This research uses a qualitative approach with library research methods based on books, journal articles, and conceptual literature. Data were analyzed descriptively to explore the philosophical and socio-economic foundations of conventional development theories. The findings show that modernization developed from the Renaissance and Enlightenment periods and was strongly influenced by secular values that prioritize rational and empirical approaches. Dependency theory highlights structural inequality in the global economy, while neoclassical growth emphasizes capital, labor, and technology as drivers of growth .From an Islamic perspective, development should integrate revelation, reason, and empirical knowledge to achieve justice, maslahah, and holistic welfare..
Analysis Netizen Sentiment towards Corporate Social Responsibility (CSR) of Bank Syariah Indonesia (BSI) on Social Media Using Machine Learning Algorithms Nur Laily Hidayati; Jafar Shiddiq; Muhammad Khoirun Nasirin
ISTIFADA : Jurnal Ekonomi dan Lembaga Keuangan Syariah Vol. 2 No. 02 (2026): ISTIFADA : Jurnal Ekonomi Dan Lembaga Keuangan Syariah
Publisher : LPPM STIES BABUSSALAM

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The development of social media has change method public assess and respond implementation of Corporate Social Responsibility (CSR) by institutions financial sector , including Bank Syariah Indonesia (BSI). Opinions expressed by netizens through various social media platforms reflect level acceptance , satisfaction , and expectation public on the CSR programs being implemented . Research This aim For analyze netizen sentiment towards Implementation of CSR of Bank Syariah Indonesia (BSI) on social media use algorithm machine learning , at the same time identify most topics​ get attention public . Research use approach quantitative with method analysis sentiment based text mining . Data obtained through the web scraping process from social media platforms that contain keywords related to BSI CSR during period observation certain . Stages study covering data collection , pre-processing text (case folding, tokenization, stopword removal, stemming), labeling sentiment , extraction feature use Term Frequency-Inverse Document Frequency (TF-IDF), as well as classification use algorithm Support Vector Machine (SVM), Naïve Bayes , and Random Forest . Model performance was evaluated use metric accuracy , precision , recall , and F1-score . Research results show that majority netizen sentiment towards BSI's CSR program is positive by 68.4%, followed by sentiment neutral by 18.7%, and sentiment negative by 12.9%. The SVM algorithm provides performance best with level accuracy of 92.4%, surpassing Naïve Bayes (88.6%) and Random Forest (90.8%) . Keyword analysis show that issue education , empowerment of MSMEs, assistance social , conservation environment and sustainability become the most topics appreciated public . On the contrary , sentiment negative more Lots triggered by perception about lack of program equity , transparency reporting , and effectiveness implementation in several regions. Findings study show that analysis sentiment based machine learning capable become instrument effective evaluation​ in measure perception public in real-time, so that can support taking decision BSI 's strategic increase quality , transparency , and sustainability of aligned CSR programs with principle maqashid sharia and sustainable finance
Effectiveness Implementation of Green Sukuk in Support Financial Sustainable Finance in Islamic Commercial Banks in Indonesia Muhammad Nur Husen; Zakiyyah Ilma Ahmad; Abdul Wakhid
ISTIFADA : Jurnal Ekonomi dan Lembaga Keuangan Syariah Vol. 2 No. 02 (2026): ISTIFADA : Jurnal Ekonomi Dan Lembaga Keuangan Syariah
Publisher : LPPM STIES BABUSSALAM

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Development draft sustainable finance push institution Islamic finance for integrate principle sustainability in activity business and investment . One of the instruments that have potential big in support financing sustainable is green sukuk , namely sukuk whose results its publication allocated For projects friendly environment in accordance with sharia principles . Research This aim For analyze effectiveness implementation green sukuk in support implementation Sustainable finance in Islamic Commercial Banks in Indonesia. Research use approach quantitative with method explanatory . The data used is secondary data obtained​ from report Islamic General Bank finance , report sustainability report , publication​ Financial Services Authority (OJK), Bank Indonesia, and the Ministry of Finance of the Republic of Indonesia during 2020–2025 period . Data analysis was carried out use multiple linear regression For test influence implementation green sukuk to indicator finance proxied sustainability​ through growth financing green , profitability , quality assets , and Environmental, Social, and Governance (ESG) values . Research result show that implementation green sukuk influential positive and significant to improvement financing green , strengthening image bank sustainability , as well as improvement investor confidence . In addition , the implementation green sukuk participate increase efficiency fund management and encourage growth asset productive development - oriented​ low carbon . Although Thus , the effectiveness implementation green sukuk Still face various challenges , including limited​ project green that fills sharia criteria , low market literacy regarding instrument finance green sharia, as well as Not yet optimally harmonization regulations and standards reporting sustainability . Research This conclude that green sukuk is instrument effective Islamic finance in support implementation sustainable finance at Islamic Commercial Banks in Indonesia, so that required strengthening policy , innovation products , as well as collaboration between regulators, industry banking , and investors to expand its utilization in reach objective development sustainable.
Integration of Artificial Intelligence (AI) and Sharia Compliance: Challenges of Smart Contract Implementation in Sharia Fintech Lending Peer-to-Peer (P2P) Products Syafiul Umam; Ahmad Zainul Abidin; Muhammad Farid Al-Azhar
ISTIFADA : Jurnal Ekonomi dan Lembaga Keuangan Syariah Vol. 2 No. 02 (2026): ISTIFADA : Jurnal Ekonomi Dan Lembaga Keuangan Syariah
Publisher : LPPM STIES BABUSSALAM

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The development of Sharia-based financial technology (fintech) has driven the transformation of financial services through the use of Artificial Intelligence (AI) and smart contracts to improve efficiency, transparency, and accuracy in the financing process. However, the implementation of these two technologies in Sharia Fintech Lending Peer-to-Peer (P2P) products still faces various challenges, particularly in maintaining compliance with Sharia principles. This study aims to analyze the integration of AI and Sharia compliance and identify the challenges of implementing smart contracts in Sharia Fintech Lending P2P products . The study uses a qualitative approach with a library research method strengthened by an analysis of regulations, fatwas from the National Sharia Council-Indonesian Ulema Council (DSN-MUI), provisions of the Financial Services Authority (OJK), and various scientific literature related to AI, blockchain , smart contracts , and Sharia finance. Data analysis was conducted descriptively and analytically through data reduction, categorization, interpretation, and drawing conclusions. The results of the study indicate that AI integration can improve the quality of credit scoring , accelerate the identity verification process ( electronic Know Your Customer/e-KYC ), detect potential financing risks, and strengthen real-time compliance monitoring. On the other hand, the implementation of smart contracts provides benefits in the form of contract automation, operational efficiency, transaction transparency, and reduced risk of default. However, its implementation still faces challenges such as limited flexibility of sharia contracts in digital systems, potential bias of AI algorithms, suboptimal AI governance standards in accordance with sharia principles, issues of personal data protection, and the lack of harmonization of regulations regarding the use of blockchain and smart contracts in the sharia fintech industry in Indonesia. This study concludes that the success of AI and smart contract integration in Sharia P2P Fintech Lending is not only determined by technological sophistication, but also requires strengthening sharia governance ( Sharia Governance ), algorithm transparency ( Explainable AI ), supervision by the Sharia Supervisory Board, and regulatory improvements that are adaptive to developments in digital technology. These findings are expected to serve as a reference for regulators, Sharia fintech industry players, and academics in developing a Sharia digital financial ecosystem that is innovative, secure, and remains in accordance with the principles of maqashid shariah
The Potential of Integrating Islamic Microfinance Institutions (BMT) with the Halal Tourism Ecosystem in Empowering the Local Creative Economy Dimyati Dimyati
ISTIFADA : Jurnal Ekonomi dan Lembaga Keuangan Syariah Vol. 2 No. 02 (2026): ISTIFADA : Jurnal Ekonomi Dan Lembaga Keuangan Syariah
Publisher : LPPM STIES BABUSSALAM

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The development of the halal tourism industry in Indonesia offers significant opportunities for regional economic growth through strengthening the creative economy-based micro, small, and medium enterprises (MSMEs). However, limited access to Islamic financing, low business capacity, and weak stakeholder integration remain obstacles to optimizing the economic benefits of halal tourism for local communities. This study aims to analyze the potential integration of Islamic Microfinance Institutions, specifically Baitul Maal wat Tamwil (BMT), with the halal tourism ecosystem to support the empowerment of the local creative economy. The study employed a qualitative approach with library research methods through analysis of various scientific literature, policy reports, regulations, and relevant previous research findings. Data were analyzed using content analysis techniques to identify the relationship between the Islamic financial intermediation function of BMTs and the development needs of the halal tourism ecosystem. The research results show that BMT has strategic potential as an intermediary institution that not only provides sharia-based financing, but also plays a role in business mentoring, sharia financial literacy education, strengthening halal business networks, and optimizing Islamic social funds such as zakat, infaq, sedekah, and productive waqf. The integration of BMT with the halal tourism ecosystem can increase the capacity of local creative economy actors through halal MSME financing, local wisdom-based product development, halal certification, marketing digitalization, and collaboration with local governments, tourism industry players, and community groups. This synergy contributes to increasing the competitiveness of halal tourism destinations, creating jobs, increasing community income, and strengthening a sustainable inclusive economy in accordance with the principles of maqashid sharia. This research implies that strengthening multi-stakeholder collaboration between BMT, the government, tourism industry players, halal certification institutions, and creative economy communities is an important strategy in building a competitive halal tourism ecosystem that is able to drive sustainable local economic growth
Cyber Risk Mitigation Strategy and Data Privacy in Sharia Mobile Banking Applications for Generation Z Customer Retention maulanazakariaahmad; Ahmad Roziq
ISTIFADA : Jurnal Ekonomi dan Lembaga Keuangan Syariah Vol. 2 No. 02 (2026): ISTIFADA : Jurnal Ekonomi Dan Lembaga Keuangan Syariah
Publisher : LPPM STIES BABUSSALAM

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Rapidly development sharia mobile banking services have increase convenience access transaction finance for society , especially Generation Z who have digital native characteristics and levels dependence tall to technology . However , the increase use digital services are also followed by increasing threat risk cyber risk, such as phishing, malware, theft identity , personal data leaks , and various form attack cyber others that have potential lower trust customers . Research This aim For analyze the influence of mitigation strategies risk cyber and protection The impact of data privacy on Generation Z customer retention on Islamic mobile banking applications . Research use approach quantitative with method survey against 250 respondents Generation Z which is users active Islamic mobile banking in Indonesia. The technique of taking sample using purposive sampling, whereas data analysis was carried out with Structural Equation Modeling - Partial Least Squares (SEM-PLS). Variable independent includes mitigation strategies risk cyber and data privacy, while customer retention as variables dependent . Research results show that mitigation strategy risk cyber influential positive and significant towards customer retention with coefficient track of 0.412 (p < 0.001). Protection data privacy also has an impact positive and significant towards customer retention with coefficient of 0.376 (p < 0.001). In general simultaneous second variables capable explains 61.8% of the variation in customer retention (R² = 0.618). Findings This show that improvement system digital security , implementation authentication layered , data encryption , fraud detection based on intelligence artificial , transparency personal data management , as well as compliance to regulations data protection becomes factor important in maintain loyalty customers Generation Z. Implications study confirm that Islamic banks need integrate aspect security cyber , data protection , and sharia values such as trustworthiness , transparency , and protection right customers For create ecosystem safe , reliable , and sustainable digital services

Page 2 of 2 | Total Record : 20

 1   2 

Filter by Year

2025 2026


Reset
Filter By Issues
All Issue Vol. 2 No. 02 (2026): ISTIFADA : Jurnal Ekonomi Dan Lembaga Keuangan Syariah Vol. 2 No. 01 (2026): ISTIFADA : Jurnal Ekonomi Dan Lembaga Keuangan Syariah Vol. 1 No. 02 (2025): ISTIFADA : Jurnal Ekonomi Dan Lembaga Keuangan Syariah Vol. 1 No. 01 (2025): ISTIFADA : Jurnal Ekonomi Dan Lembaga Keuangan Syariah