cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
Aris Munandar
Contact Email
Aris Munandar
Phone
+6282145485255
Journal Mail Official
-
Editorial Address
Jl. Laksda Adisucipto, Papringan, Caturtunggal, Kec. Depok, Kabupaten Sleman, Daerah Istimewa Yogyakarta 55281
Location
Kab. sleman,
Daerah istimewa yogyakarta
INDONESIA
Global Review of Islamic Economics and Business
Published by Universitas Islam Negeri Sunan Kalijaga Yogyakarta
ISSN : 23387920     EISSN : 23382619     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
The scope or coverage of this International journal will include but are not limited to: Islamic Economics, Islamic Business, Islamic banking, Islamic capital markets, Islamic wealth management, Issues on shariah implementation/practices of Islamic banking, Zakat and awqaf, Takaful, Islamic Corporate Finance, Shariah-compliant risk management, Islamic derivatives, Issues of Shari`ah Supervisory Boards, Islamic business ethics, Islamic Accounting, Islamic Auditing.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 168 Documents
 13   14   15   16   17 
Green Products and Shariah-Compliant Firms in Indonesia & Malaysia: The Role of Board Gender Diversity Ishak; Fresinta, Frifalia Fresinta
Global Review of Islamic Economics and Business Vol. 12 No. 1 (2024)
Publisher : Faculty of Islamic Economics and Business, State Islamic University Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/grieb.2024.121-03

Abstract

The issue of sustainable development is one of the most critical issues globally, covering almost all human activities. The design of sustainable development was developed by the United Nations (UN) in 2015, and 17 goals are targeted to be achieved by 2030. If grouped, the 17 goals are divided into three issues, including environmental, social, and governance issues. This study aims to analyze the effect of green-labeled products on firm performance and risk. It focuses on Shariah-compliant firms by adding a moderation analysis of gender diversity in the firm's board structure. The scope of this study is companies in Indonesia and Malaysia. This study examined 130 companies from various industries from the period 2014-2022, employing a panel data approach. Utilizing Generalized Least Squares (GLS) regression for panel data estimation, the finding indicated that green products positively affect firm performance proxied by ROA and ROE. Furthermore, our findings indicated that green products positively affect ZSCORE, suggesting a lower firm risk. The presence of female board members was observed to have a negative effect on risk. The findings of this study provide new insights into companies' implementation of green products. They are expected to be taken into consideration in decision-making for companies and regulators.
The Role of Intellectual Capital in Mediating the Impact of Knowledge Management and Innovation in the Halal Batik Industry of Yogyakarta Susanto, Heri; Mubarok, Alvian Alvin; Oetomo, Hadi; Kurniawan, Dedi
Global Review of Islamic Economics and Business Vol. 12 No. 1 (2024)
Publisher : Faculty of Islamic Economics and Business, State Islamic University Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/grieb.2024.121-02

Abstract

This study aims to investigate the role of intellectual capital in mediating the impact of knowledge management and motivation on halal small and medium-sized enterprises (SMEs) in the batik industry in Yogyakarta. Research on the mediating role of intellectual capital is still relatively novel in Indonesia. The study of the batik industry is particularly compelling, given that batik is an intangible asset recognized as UNESCO's cultural heritage. However, there is a noticeable decline in export value year by year. By focusing on halal batik SMEs, this study explores how halal certification can enhance these businesses' market appeal and export potential. The initial step of this research involves collecting data related to the research variables by distributing questionnaires to batik entrepreneurs in Yogyakarta. Subsequently, tests are conducted using PLS to analyze the results, examining the role of intellectual capital in mediating the impact of knowledge management and motivation on halal SMEs in the batik industry in Yogyakarta. The findings provide insights into how intellectual capital can influence the sustainability and growth of batik enterprises, offering strategies to counteract the declining export values and enhance the overall performance of these culturally significant businesses. Originality/Value: Unlike prior research, which focuses on global views and big industry, this study provides valuable insights for halal SMEs, particularly in the batik industry. The findings aim to elucidate how intellectual capital impacts the sustainability and growth of halal batik enterprises. It seeks to offer strategies to mitigate declining export values and enhance the overall performance of these culturally significant businesses, with a particular emphasis on leveraging the opportunities presented by halal certification.
Green Practices and Purchase Intentions: The Mediating Role of Green Image and Trust Among Muslim Consumers M Qoshid Al Hadi; Wahab, Abdul; Budi, Iman Setya
Global Review of Islamic Economics and Business Vol. 12 No. 2 (2024)
Publisher : Faculty of Islamic Economics and Business, State Islamic University Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/grieb.2024.122-01

Abstract

The issue of sustainability of green products has garnered significant attention within both societal and business spheres. In essence, green products constitute a crucial consideration in marketing. The development of various marketing methods has contributed to diverse public perceptions as well as eco-friendly products widely available on the market. Therefore, this study aimed to determine the influence of green practice, green image, green trust, and purchase intention. Furthermore, this study also investigated green image and green trust as a mediator in the relationship between green practices and purchase intention while also exploring the moderating role of environmental awareness in this relationship.  A total of 393 Muslim consumers from 10 provinces with the largest Muslim majority in Indonesia were selected to fill out an online questionnaire. The collected data was processed using AMOS-v26 and SPSS v25. The results demonstrated that green image and green trust mediate the relationship between green practices and green purchase intention. Meanwhile, environmental awareness was found to moderate the indirect relationship among the variables of green practices, green image, green trust, and green purchase intention. These findings contribute to the strengthening of self-congruity theory. This study also contributes to theoretical and contextual knowledge related to the perceptions and behavior of Muslim consumers regarding the consumption of green products, offering valuable business considerations for practitioners.
How does equity financing impact non-performing financing? Evidence from Indonesia Melati, Sophis Listy; Risfandy, Tastaftiyan; Pratiwi, Desti Indah; Hartomo, Deny Dwi
Global Review of Islamic Economics and Business Vol. 12 No. 2 (2024)
Publisher : Faculty of Islamic Economics and Business, State Islamic University Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/grieb.2024.122-02

Abstract

This study aims to investigate the impact of equity financing on non-performing financing (NPF) in Islamic commercial banks in Indonesia. To address this issue, we conducted a panel data regression analysis on 12 Islamic commercial banks in Indonesia from 2010 to 2022. The finding of this study suggests that an increase in equity financing is associated with a lower NPF ratio of Islamic banks. While it is theoretically argued that Islamic banks’ equity financing may be associated with higher risk, our empirical evidence indicates the opposite, suggesting an improved risk profile. Indonesia presents a favorable environment for the application of equity financing for Islamic banks because large Islamic banks in Indonesia are often government-owned, which can lead to“safe” loan portfolios and strong loan repayment. Indonesia is also considered a religious country, creating a suitable environment for mudarabah and musharakah financing. Our findings suggest that Islamic banks in Indonesia should consider offering more equity financing, particularly for low-risk projects, such as those initiated by the governments.
The Dual-Monetary Policy and Growth of The Real Sector (A Study Case in Indonesia and Malaysia) Karuni, Mudita Sri; Sunaryati, Sunaryati
Global Review of Islamic Economics and Business Vol. 12 No. 2 (2024)
Publisher : Faculty of Islamic Economics and Business, State Islamic University Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/grieb.2024.122-05

Abstract

Within a dual banking system, monetary policy is implemented under a regulatory framework. In addition to maintaining price stability, monetary policy aims to influence real economic activity through its transmission mechanism. This mechanism is subject to change due to various financial sector phenomena. The study aims to analyze the relationship between dual-monetary system mechanisms, encompassing conventional interest rates and Islamic returns, and the real sector in Indonesia and Malaysia from 2010 to 2019. Utilizing the Vector Error Correction Model (VECM), the study reveals that in Indonesia, conventional monetary policy significantly impacts the real sector in the short term, while Islamic monetary policy exhibits a stronger long-term influence. Similarly, in Malaysia, Islamic monetary policy demonstrates greater effectiveness in influencing the real sector compared to its conventional counterpart. IRF analysis indicates that Islamic monetary policy demonstrates greater stability than the conventional model in both countries. Furthermore, FEVD analysis suggests that the implementation of a dual-monetary policy, incorporating both conventional and Islamic models, promotes real sector growth in Indonesia. Conversely, in Malaysia, a dual-monetary policy relying solely on the conventional model appears to hinder real sector growth. Overall, Islamic monetary policy in Malaysia proves more effective in stimulating the real sector.
Maqasid Shariah and Organizational Performance: A Systematic Literature Review Dasmadi, Dasmadi; Hadi, Syamsul; Junchu, Yang; Wahyuningtyas, Nabila; Wedadjati, Ratna Sesotya
Global Review of Islamic Economics and Business Vol. 12 No. 2 (2024)
Publisher : Faculty of Islamic Economics and Business, State Islamic University Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/grieb.2024.122-03

Abstract

This study aims to develop a Pentagon-Shaped Ethical Measurement framework based on Maqasid Shariah to assess organizational performance. The research employs a systematic literature review approach, analyzing scholarly works related to Maqasid Shariah and organizational performance. The study identifies relevant research from 2015 to 2024 using databases such as Scopus. The study finds that Maqasid Shariah is a comprehensive ethical framework for evaluating organizational performance. The findings suggest that integrating Maqasid Shariah into performance measurement enhances organizational credibility, corporate governance, and long-term sustainability. This study provides a Pentagon-Shaped Ethical Measurement framework based on Maqasid Shariah for evaluating organizational performance. Unlike previous research that mainly focuses on financial performance. Organizations can utilize Maqasid Shariah principles to develop a more balanced and sustainable performance assessment model. The study highlights the role of Maqasid Shariah in promoting social welfare, economic justice, and ethical business practices. Adopting a multidimensional performance framework contributes to long-term economic sustainability, fair wealth distribution, and corporate social responsibility (CSR).
Examining the Significant Factors Inhibiting Agricultural Sector Growth during COVID-19 Pandemic in Indonesia Wiranatakusuma, Dimas Bagus; Fairuztama, Rafif; Saputra, Jumadil
Global Review of Islamic Economics and Business Vol. 13 No. 1 (2025)
Publisher : Faculty of Islamic Economics and Business, State Islamic University Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/grieb.2025.131-01

Abstract

The agricultural sector has emerged as a critical economic pillar in Indonesia. Limited research has been conducted on Indonesia's agricultural development. However, there exists a body of literature that thoroughly integrates the agricultural sector with banking and the macroeconomic environment, especially in the context of the period preceding and during the covid-19 pandemic. This study seeks to explore various factors that hinder the growth of the agricultural sector by examining specific banking and macroeconomic variables. This research employs quarterly data from 2010 to 2024 and analyzes it utilizing a multiple regression methodology. In pursuit of this objective, the analysis incorporates the growth of agriculture's GDP share relative to total GDP, the financing of agriculture alongside total time deposits in Islamic banks, the margin of Islamic banks within the agricultural sector, the relationship between agriculture's financing and GDP, as well as considerations of inflation and food prices. Empirical evidence indicates that only financial deepening (GCPGDPP) and banking intermediation (GFinPDT) have a significant impact on agricultural growth (GGDPRGDPT). An increase in financial deepening adversely affects growth. This discovery suggests that the agricultural sector in Indonesia requires enhancements in productivity, necessitating the advancement of professional managerial skills and the adoption of technology among farmers. Furthermore, considering the considerable influence of banking intermediation on agricultural growth, it is essential that financial deepening is aligned with entrepreneurial skills capable of producing high-value-added products. The study presents a significant contribution to the growth of the agricultural sector in Indonesia by highlighting the importance of enhancing banking sector financing alongside the development of improved professional managerial skills within the agricultural industry.
Testing the Effect of General Election on Market Reaction of Islamic vis-à-vis Conventional Capital Market: Does Presidential Election Cycle Theory Exist in Indonesia? Rouf, Abdul; Muhammad Adnan
Global Review of Islamic Economics and Business Vol. 12 No. 2 (2024)
Publisher : Faculty of Islamic Economics and Business, State Islamic University Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/grieb.2024.122-04

Abstract

This paper investigates the Presidential Election Cycle Theory by examining the Indonesian stock market's reaction to presidential elections from 2004 to 2024. Specifically, it compares the reactions of Islamic and conventional capital markets. Employing an event study methodology with abnormal return as the indicator, the analysis utilizes secondary data comprising daily stock prices for seven days preceding and following each election. The findings indicate that presidential elections have a significant effect on capital market reactions, as evidenced by abnormal return values. However, the Islamic capital market demonstrates greater resilience than its conventional counterpart in responding to political events, such as presidential elections. The study concludes that the Presidential Election Cycle Theory is applicable to Indonesia, necessitating its consideration by policymakers, investors, and all stakeholders.
Empowering Immigrant Entrepreneurship Activities: Business Support and Cash Waqf for Immigrant Entrepreneurs Model Binti Nor Nizam, Asiah Nadhirah; Thaker, Mohamed Asmy Bin Mohd Thas; Pitchay, Anwar Allah
Global Review of Islamic Economics and Business Vol. 13 No. 1 (2025)
Publisher : Faculty of Islamic Economics and Business, State Islamic University Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/grieb.2025.131-02

Abstract

This study aims to shed a light on how Islamic finance can play a significant role in alleviating the challenges that IE experienced and improving the accessibility to fiscal sources and social integration of the Immigrant Entrepreneurs (IE) in the host country, especially Malaysia. The prominent challenges that the IEs are facing are the difficulties in accessing the capital to finance their business and the lack of knowledge of the local regulations. The findings lead to a model that aims to tackle the challenges that IE experienced via Business Support and Cash Waqf for IE Model (BS-WIEM). The BS-WIEM acts as a comprehensive initiative to bridge the resource disparity among IE in terms of funding accessibility and human capital development. This study attempts to construct the BS-WIEM based on the extensive literature review related to the challenges the IE experienced and waqf. This research can positively impact the development and funding of the IE in Malaysia. This study will provide insights to the government, waqf institutions, corporations, financial institutions, and policymakers about alternative funding options for IE businesses and start-ups in the host country. Less tension on the public spending by the government with the involvement of non-profit organizations. This conceptual paper only explores the literature; thus, no empirical analysis is available. More in-depth and comprehensive insights could be identified with the empirical studies. Future research on the regulatory and shariah perspective of the model should be done. The findings of this paper will offer a cash waqf model as an alternative to fund the development of entrepreneurship in Malaysia, especially for immigrants.
A Holistic View of Corporate Sustainability: From Disclosure to Governance Development Tri Cahya, Bayu; Fitri Habsari, Rika; Harjito, Yunus; Paramita Sari, Ratih; Ali, Nor Aishah Mohd
Global Review of Islamic Economics and Business Vol. 13 No. 1 (2025)
Publisher : Faculty of Islamic Economics and Business, State Islamic University Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/grieb.2025.131-05

Abstract

This study examines the effects of carbon emission disclosure, green accounting, material flow cost accounting, and the presence of women on boards of directors on sustainability development. Sustainability development emphasizes that companies carrying out business do not only focus on economic benefits, but also on benefits for the surrounding environment. This study utilizes secondary data, specifically annual reports and sustainability reports, obtained from the official websites of the relevant companies. The population used consists of companies that received the Asia Sustainability Report Rating award and were listed on the Sharia Securities List during the 2018-2023 period, totaling 66 companies. The sampling technique employs purposive sampling to collect company data that matches the specified criteria. Data analysis employs classical assumption tests and hypothesis testing using multiple regression analysis, aided by the IBM SPSS program. The results showed that carbon emission disclosure and material flow cost accounting had a significant impact on sustainability development. Green accounting and women’s directors are expected to impact sustainable development, but this has not been proven in this study. The lack of effect of green accounting on sustainable development is due to the companies studied not clearly defining the indicators of green accounting in their financial statements. Information related to social and environmental issues has not been fully disclosed. In addition, some of the companies studied tend to appoint few women as directors, which is suspected to be the reason for the unproven influence of women on the board of directors on sustainability development.

Page 16 of 17 | Total Record : 168

 13   14   15   16   17 

Filter by Year

2013 2025


Reset
Filter By Issues
All Issue Vol. 13 No. 2 (2025) Vol. 13 No. 1 (2025) Vol. 12 No. 2 (2024) Vol. 12 No. 1 (2024) Vol. 11 No. 2 (2023) Vol. 11 No. 1 (2023) Vol. 10 No. 2 (2022) Vol. 10 No. 1 (2022) Vol 9, No 2 (2021) Vol 9, No 1 (2021) Vol 8, No 2 (2020) Vol 8, No 1 (2020) Vol 7, No 2 (2019) Vol 7, No 1 (2019) Vol 6, No 2 (2018) Vol 6, No 1 (2018) Vol 5, No 2 (2017) Vol 5, No 1 (2017) Vol 4, No 2 (2016) Vol 4, No 1 (2016) Vol 3, No 2 (2015) Vol 3, No 1 (2015) Vol 2, No 3 (2015) Vol 2, No 2 (2014) Vol 2, No 1 (2014) Vol 1, No 3 (2014) Vol 1, No 2 (2013) Vol 1, No 1 (2013) More Issue