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Abdullah Sahroni
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abd.sahroni@radenfatah.ac.id
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abd.sahroni@radenfatah.ac.id
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INDONESIA
I-ECONOMICS: A Research Journal on Islamic Economics
ISSN : 25485601     EISSN : 2548561X     DOI : -
Core Subject : Economy,
This journal published twice a year on Juny and December. I-ECONOMICS is devoted to reserach in all branches of islamic economics. Specifically, the journal will deal with topics, including but not limited to: Islamic Economics, Islamic Banking, Islamic Finance, Islamic Accounting, Islamic Microfinance, Social Entrepreneur, Zakah Waqf, and Islamic Philantrophy.
Arjuna Subject : -
Articles 140 Documents
ANALYSIS OF THE INFLUENCE OF INFLATION RATE, INCOME OF SHARIA PAWNSHOPS, AND GOLD PRICES ON RAHN CREDIT DISTRIBUTION AT PT. PEGADAIAN SYARIAH IN INDONESIA (2019–2023) Nurwani, Ahmad Dahrul Dalimunthe; Nurwani; Nursantri, Yanti
I-Economics Vol 10 No 2 (2024): I-ECONOMICS: A Research Journal on Islamic Economics
Publisher : Islamic Economics Program, Faculty of Islamic Economics and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19109/ieconomics.v10i2.25250

Abstract

This study aims to analyze whether the inflation rate, company revenue, and gold price have an influence on Rahn lending at PT Pegadaian Syariah Indonesia. This research methodology is quantitative. Financial reports, BPS, and Statistical Reports of Indonesian Specialized Financial Institutions published by the Financial Services Authority (OJK) between 2019 and 2023 are the secondary data sources used in this study. SPSS software was used to process the data for this study. Multiple linear regression analysis, traditional hypothesis testing, and hypothesis testing (statistical test/partial test, f/simultaneous test, and coefficient of determination test) are some of the data analysis methods used in this study. The result of this study are; the distribution of Rahn pawn is negatively affected by the inflation variable, the pawnshop income variable has a good influence on pawnshop distribution, and the gold price volatility variable has a positive effect on the distribution of rahn pawn
THE EFFECT OF PROFITABILITY, CASH HOLDING, COMPANY SIZE, AND FINANCIAL LEVERAGE ON INCOME SMOOTHING WITH GCG AS A MODERATING VARIABLE Arisandy, Rajulan; Lutfi, Ardhani
I-Economics Vol 10 No 2 (2024): I-ECONOMICS: A Research Journal on Islamic Economics
Publisher : Islamic Economics Program, Faculty of Islamic Economics and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19109/ieconomics.v10i2.25266

Abstract

This study aims to analyze the influence of profitability, cash holding, company size, and financial leverage on income smoothing practices among technology sector companies listed on the Indonesia Stock Exchange (IDX) from 2020 to 2022. Additionally, it examines the moderating role of good corporate governance (GCG) in strengthening the impact of these four variables on income smoothing. Using a quantitative approach, purposive sampling, and logistic regression analysis, the results show that profitability, cash holding, company size, and financial leverage do not significantly affect income smoothing. Furthermore, the implementation of GCG does not moderate the influence of these variables on income smoothing.
ETHICS OF SUSTAINABILITY: USING MAQASHID AL-SHARIA TO GUIDE NATURAL RESOURCE MANAGEMENT IN ALGERIA Ben Gharbi, Houria; Abushaala, Ismail
I-Economics Vol 11 No 2 (2025): I-ECONOMICS: A Research Journal on Islamic Economics
Publisher : Islamic Economics Program, Faculty of Islamic Economics and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19109/ieconomics.v11i2.31424

Abstract

Natural wealth in resources, if not managed well, is likely to lead to environmental degradation, economic vulnerability, and social injustices, as in the majority of resource-endowed nations, including Algeria.  This research examines the degree to which Maqasid al-Sharia, can act as ethical guidelines in sustainable management of resources.It uses a qualitative descriptive-analytical method in examining Algerian policies on the five maqasid: religion, life, intellect, lineage, and money.  Although Algeria has initiated various policies, ranging from safeguarding the environment, water security, to economic diversification, their actualization is constrained by poor governance, delayed energy transition, and failure in integrating ethical principles. Conclusions from comparative experience of Muslim resource-dependent nations are that mainstreaming faith values in modern-day governance improves sustainability, accountability, and intergenerational justice. The conclusion is to present a composite approach that integrates Islamic moral values and policy instruments towards better stewardship of Algerian natural resources.
POPULATION, EDUCATION AND MAQAṢID-BASED HUMAN DEVELOPMENT IN INDONESIA: EVIDENCE FROM PROVINCIAL PANEL DATA WITH ECONOMIC GROWTH MODERATION (2016–2023) Mardiyatillah, Sakinah; Hutagalung, Abdul Jalil
I-Economics Vol 11 No 2 (2025): I-ECONOMICS: A Research Journal on Islamic Economics
Publisher : Islamic Economics Program, Faculty of Islamic Economics and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19109/ieconomics.v11i2.31517

Abstract

This study seeks to ascertain the extent to which economic growth can directly and indirectly influence the Human Development Index (HDI), as well as the roles of population and education in this context. The findings indicate that both population and education significantly contribute to the Human Development Index (HDI), as evidenced by the test results. While moderating interactions do not exert a significant influence, they do not alter the relationship between population and education concerning the Human Development Index (HDI). The conclusion underscores the necessity of balancing population growth with enhancements in educational quality to foster a positive shift in the Human Development Index (HDI), which, in turn, will impact economic growth both directly and indirectly.
COMPARATIVE ANALYSIS OF FINANCIAL PERFORMACE BETWEEN BANK SYARIAH INDONESIA (BSI) AND BANK RAKYAT INDONESIA (BRI) IN THE DIGITAL BANKING ERA Tatsbhita.R, Thatya Dhea; Pratiwi, Vina Anggun; Hasanah, Uswatun
I-Economics Vol 11 No 2 (2025): I-ECONOMICS: A Research Journal on Islamic Economics
Publisher : Islamic Economics Program, Faculty of Islamic Economics and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19109/ieconomics.v11i2.31525

Abstract

The purpose of this study is to research and differentiate the financial performance of Bank Syariah Indonesia with Bank Rakyat Indonesia during the 2019-2023 period in the digital banking environment. The evolution of banking digitalization has led to a transformation in operational efficacy and commercial tactics. The research was designed using a descriptive quantitative strategy mobilized with financial ratios such as Return Assets, Return Equity, BOPO, Non-Performing Financing, Non-Performing Loan, Capital Adequacy Ratio. In general, the results showed that BRI had better profitability performance in terms of ROA and ROE than BSI, and showed that the former bank utilized its assets and capital more efficiently. Meanwhile, the latter bank has a better level of capital stability and NPF ratio, which indicates smarter risk management practices. In addition, digital banking has helped make both banks more efficient in many ways as it has expanded access to their services. In conclusion, the study suggests that banks should work to improve their digital infrastructure and risk management to remain competitive in the new era.
INCOME’S MODERATING ROLE IN INDONESIAN POVERTY DYNAMICS: POPULATION, HUMAN DEVELOPMENT AND UNEMPLOYMENT IN AN ISLAMIC ECONOMICS PERSPECTIVE Asyrorroji, Muh. Jazuli
I-Economics Vol 11 No 2 (2025): I-ECONOMICS: A Research Journal on Islamic Economics
Publisher : Islamic Economics Program, Faculty of Islamic Economics and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19109/ieconomics.v11i2.31530

Abstract

This study investigates whether income moderates the effects of population size, the Human Development Index (HDI), and the open unemployment rate (OUR) on interprovincial poverty in Indonesia, and interprets the results within an Islamic economics framework emphasizing justice (‘adl) and well-being (falah). Motivated by the recurrent disconnect between poverty reduction and rising average income particularly when economic growth is not employment-intensive and access to basic services remains unequal the analysis positions income as a conditioning factor in poverty dynamics. Using panel data for 19 provinces over the period 2016–2023, the study employs fixed-effects regressions, selected on the basis of Chow and Hausman tests, and incorporates interaction terms between income and each core covariate to capture moderating effects while controlling for time-invariant provincial heterogeneity. The empirical findings indicate that population size, HDI, and OUR are significant determinants of poverty, whereas income is not statistically significant either as a direct predictor or as a moderating variable. These results suggest that increases in aggregate income alone are insufficient to modify the structural relationships linking demographic pressures, human development, labor market conditions, and poverty. From an Islamic economics perspective, effective poverty alleviation therefore requires policies that foster job-rich and inclusive growth, broaden equitable access to education and health (supporting the maqasid al-shariah of protecting life, intellect, and wealth), and reinforce labor market and social protection institutions, rather than relying solely on higher average income
THE IMPACT OF FISCAL POLICY AND FOREIGN DIRECT INVESTMENT ON ECONOMIC GROWTH IN EIGHT MEMBER COUNTRIES OF THE ORGANIZATION OF ISLAMIC COOPERATION (OIC) Daulay, Aisyah Futri Utami; Sihombing, Sulaiman
I-Economics Vol 11 No 2 (2025): I-ECONOMICS: A Research Journal on Islamic Economics
Publisher : Islamic Economics Program, Faculty of Islamic Economics and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19109/ieconomics.v11i2.31539

Abstract

This study provides evidence on how fiscal policy, proxied by government expenditure, and foreign direct investment (FDI) affect real economic growth in the D-8 group of Organization of Islamic Cooperation (OIC) member countriesBangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey. It responds to mixed findings in the OIC literature by focusing on a more homogeneous cooperation bloc and by quantifying both the statistical and economic significance of these policy variables. The analysis uses annual panel data for 2017–2021, combining World Development Indicators and official national statistics. Economic growth is measured as the annual real GDP growth rate, while fiscal policy and FDI are measured as government expenditure (% of GDP) and net FDI inflows (% of GDP), respectively. A linear panel-data model is estimated, and specification tests (Chow and Hausman) clearly support a Fixed Effects Model that controls for time-invariant country heterogeneity. The Fixed Effects estimates show that both government expenditure and FDI have positive and statistically significant impacts on growth (p < 0.01). The coefficient for government expenditure is β₁ = 1.60, implying that a 1 percentage-point increase in government expenditure as a share of GDP is associated with an increase of about 1.60 percentage points in real GDP growth, ceteris paribus. The coefficient for FDI is β₂ = 2.19, indicating that a 1 percentage-point increase in net FDI inflows relative to GDP is associated with an increase of roughly 2.19 percentage points in real GDP growth. The model explains around 61% of the within-country variation in growth over time. The study provides clear evidence that, in D-8 countries, both higher government expenditure and greater FDI inflows are not only statistically significant but also economically important drivers of growth during 2017–2021. These results position the D-8 within the more optimistic strand of the OIC literature on fiscal policy and FDI, and they underscore the potential of productive public spending and foreign capital to support post-crisis recovery and medium-term development in this cooperation bloc.
IMPLEMENTATION OF MAQASHID AL-SHARIA IN DIGITAL HAJJ SAVINGS: INCLUSIVE HAJJ FINTECH IN ISLAMIC BANKING Mujtahidah, Fikarul; Yazid, Muhammad
I-Economics Vol 11 No 2 (2025): I-ECONOMICS: A Research Journal on Islamic Economics
Publisher : Islamic Economics Program, Faculty of Islamic Economics and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19109/ieconomics.v11i2.31575

Abstract

The development of fintech and digitalization in indonesia provides opportunities for financial product innovation in line with the concept of maqashid al-syariah. This study aims to analyze the implementation of BSI's digital hajj savings product services and their relevance in strengthening the five dimensions of maqashid al-syariah. This study uses a descriptive qualitative method with a library research approach through literature analysis sourced from academic journals, books, and the official websites of OJK and BSI. The findings of this study indicate that the application of fintech in digital hajj savings has fulfilled the five main dimensions of maqashid al-syariah, namely hifdz al-din (religion) supported by the availability of online hajj account opening and siskohat integration, hifdz al-nafs (soul) is strengthened by youth hajj savings that can guarantee readiness when performing hajj and digital financial transparency that can reduce customers' mental concerns, hifdz al-aql (reason) facilitated through the young hajj literacy program and automatic notifications that can help customers make smart decisions, hifdz al-nasl (descendants) is realized through the young hajj savings product, which functions to secure a hajj quota for descendants who are still underage, and hifdz al-mal (wealth) through the mudharabah agreement that generates benefits and is free of administrative costs, thus enabling wealth to be managed well and optimally. The conclusion shows that hajj fintech is a strategic tool based on maqasid al-syariah for the sustainable development of Islamic and inclusive banking in the digital era
THE EFFICIENCY OF ZAKAT, INFAQ, SHADAQAH AND ECONOMIC GROWTH ON THE HUMAN DEVELOPMENT INDEX IN SOUTH SUMATRA PROVINCE: DEA APPROACH Adawiyah, Robi'atul; Ridho Sahputra, Muhammad
I-Economics Vol 11 No 2 (2025): I-ECONOMICS: A Research Journal on Islamic Economics
Publisher : Islamic Economics Program, Faculty of Islamic Economics and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19109/ieconomics.v11i2.31728

Abstract

Despite steady economic growth and substantial potential in Islamic social finance, South Sumatra continues to face challenges in human capital accumulation, with a Human Development Index (HDI) lagging behind the national average. Addressing this disparity requires moving beyond resource availability to examining the efficiency of resource allocation. This research explores how efficiently the Zakat, Infaq, and Shadaqah (ZIS) funds and economic growth influence the Human Development Index (HDI) in South Sumatra Province. Quantitative methods and secondary data from Central Statistics Agency (BPS) and the National Zakat Agency (BAZNAS) in 2022 are utilized. Each region is assessed for their efficiency in transforming ZIS funds and economic growth (inputs) into HDI (output) using Data Envelopment Analysis (DEA). Among the seventeen districts/cities, this research found significant variations in the efficiency scores, six district/cities like Palembang, Prabumulih, Pagar Alam, Ogan Komering Ulu, South Ogan Komering Ulu and Empat Lawang were determined efficient and other eleven district/cities were inefficient.
ISLAMIC VALUES IN HUMAN RESOURCE MANAGEMENT PRACTICES: A SYSTEMATIC LITERATURE REVIEW Sahputra, Muhammad Ridho; Adawiyah, Robi'atul
I-Economics Vol 11 No 2 (2025): I-ECONOMICS: A Research Journal on Islamic Economics
Publisher : Islamic Economics Program, Faculty of Islamic Economics and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19109/ieconomics.v11i2.31730

Abstract

This study systematically literature review (SLR) that examines the integration of Islamic values into human resource management (HRM) practices and their influence on organizational behavior. The SLR method is applied to select and analyze empirical articles from recent academic journals relevant to Islamic HRM and Organizational Behavior. The main focus is on how Islamic principles such as trustworthiness, justice, and excellence are implemented in HRM practices, including recruitment, training, development, leadership and employee behavior, such as work commitment, job satisfaction, motivation, and work ethics. Out of 285 articles screened, 14 met the inclusion criteria, with a dominant contextual focus on Indonesia, Malaysia, and the Middle East which growth of Islamic finance, halal industries, and Islamic social institutions has intensified the need for human resource systems. This geographical concentration highlights both the applicability and the current limitation in generalizability of findings. The analysis reveals that Islamic-based HRM fosters a harmonious organizational culture, enhances employee productivity, and strengthens organizational loyalty. Ethical leadership guided by Islamic values is pivotal in promoting sustainable organizational behavior. This study enriches management literature by integrating a religious perspective often overlooked in mainstream HRM and organizational studies. It also provides practical guidance for organizations in Muslim-majority regions to align HRM practices with Islamic values for superior and sustainable performance.