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INDONESIA
Jurnal Ekonomi dan Bisnis Islam
Published by Universitas Airlangga
ISSN : 24426563     EISSN : 25273027     DOI : -
Core Subject : Economy,
Journal of Economics and Business Islamic (JEBIS) accepts original manuscripts in the field of Islamics Economics, including research reports, case reports, application of theory, critical studies and literature reviews. The spread of Islamic Economics include: 1. Islamic Finance and Capital Market 2. Islamic Banking 3. Management of Islamic Business and Entrepenuership 4. Islamic Financial Institution non Bank
Arjuna Subject : -
Articles 187 Documents
HALAL COSMETICS IN THE EYES OF MILLENNIAL MUSLIMS: FACTOR ANALYSIS OF HALAL LABELS AND CELEBRITY ENDORSERS Juliana Juliana; Aliya Nabila Azzahra; Rida Rosida; A. Jajang W. Mahri; Indra Fajar Alamsyah; Udin Saripudin
Jurnal Ekonomi dan Bisnis Islam | Journal of Islamic Economics and Business Vol. 8 No. 2 (2022): JULY - DECEMBER 2022
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v8i2.40598

Abstract

This research aims to show the effect of the value of the halal label and celebrity endorser on purchasing decisions for halal cosmetic products with religiosity as a moderating variable. The method uses descriptive quantitative by analyzing the responses to questionnaires distributed to 228 respondents in Indonesia. Based on previous research, four hypotheses were built, and the collected data were processed using a path analysis tool through the Smart PLS 3.3.3 application. The results showed that the halal label variable and celebrity endorser significantly affected purchasing decisions for halal cosmetic products, with religiosity as a moderating variable. Meanwhile, the religiosity variable does not moderate the effect of the halal label and celebrity endorser on the decision to purchase halal cosmetic products. This finding confirms that religiosity has not sufficiently strengthened the influence of the halal label and celebrity endorser on the decision to purchase halal cosmetic products. In order to increase knowledge of Muslim halal in purchasing decisions for halal cosmetic products, the role of halal guarantee institutions and cosmetic manufacturers is needed in optimizing halal certification both from the content and production process. Business actors must increase awareness of the halalness of a product that can convince and encourage Muslim consumers, especially the millennial generation, to make decisions to purchase halal cosmetic products in Indonesia. This study is the first to examine the halal label and celebrity endorser on the decision to purchase halal cosmetic products with religiosity as a moderating variable and reveal its strength and weakness.
ORGANIZATIONAL CHANGES AND THE IMPACT ON THE PERFORMANCE OF SHARIA BANK EMPLOYEES THROUGH AFFECTIVE COMMITMENT muhammad zakiy; Pawestri Kinasih; Syarif As’ad
Jurnal Ekonomi dan Bisnis Islam | Journal of Islamic Economics and Business Vol. 9 No. 1 (2023): JANUARY-JUNE 2023
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v9i1.34743

Abstract

Organizational changes in a company often bring significant impact. One of the impacts that may arise due to organizational changes is decreasing employee performance. In the Islamic banking industry in Indonesia, one of the banks that has made organizational changes is Bank Syariah Indonesia (BSI). For this reason, it is necessary to pay attention to strategies in dealing with these changes so that changes can run well. One way to improve employee performance is to increase employee affective commitment to the company. This study aims to determine the relationship of organizational change to employee performance mediated by affective commitment. Respondents in this study were employees of Bank Syariah Indonesia (BSI) who had worked before and after the merger. The data collection process was carried out online to 165 employees of Bank Syariah Indonesia (BSI) and then analyzed using the Structural Equation Modeling (SEM) method through the SmartPLS 3.2 application. This study proves that organizational change has a negative effect on affective commitment, while affective commitment has a positive effect on employee performance. In addition, this study also proves that affective commitment is able to mediate a negative relationship between organizational change and employee performance. Therefore, employees need to increase their affective commitment in order to improve performance so as to support organizational change.
ANALYSIS OF HALAL TOURISM DEVELOPMENT IN PAMEKASAN: ANALYTICAL NETWORK PROCESS APPROACH R. Wahyu Agung Utama; Imron Mawardi
Jurnal Ekonomi dan Bisnis Islam | Journal of Islamic Economics and Business Vol. 9 No. 1 (2023): JANUARY-JUNE 2023
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v9i1.35195

Abstract

This research aims to analyze problems, solutions, and strategic policies to support the development of halal tourism in Pamekasan by employing the Analytic Network Process (ANP) method. Data were obtained from nine experts consisting of representatives of academics, practitioners, associations, and regulators. Findings show that the most dominant issue is the aspect of human resources, followed by infrastructure, regulation, management, and marketing issues. Several strategic policies can be implemented to strengthen the development of halal tourism in Pamekasan, including (1) forming a team of mediators and regional tourism councils; (2) establishing halal tourism as a regional priority program; (3) increasing the capacity of Human Resources that involved in Halal tourism; (4) revitalizing tourism infrastructure and support its development; (5) increasing the diversification of halal tourism products; and (6) encouraging and facilitating halal certification. This research is expected to serve as a policy reference for decision-making, particularly in the development of Halal tourism. Further research could be conducted to investigate the implementation of halal tourism in Pamekasan; following the adoption of the RIPPDA Regional Regulation.
OPTIMIZATION STRATEGY OF CASH WAQF LINKED SUKUK INSTRUMENT FOR PROCUREMENT OF HEALTH FACILITIES IN INDONESIA Ismi Siti Rabbani; Aas Nurasyiah; Rida Rosida; Abdul Ghafar Ismail
Jurnal Ekonomi dan Bisnis Islam | Journal of Islamic Economics and Business Vol. 9 No. 1 (2023): JANUARY-JUNE 2023
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v9i1.37806

Abstract

This study aims to identify problems, solutions, and strategies that hinder the use of Cash Waqf Linked Sukuk (CWLS) as an instrument for procuring health facilities in Indonesia as seen from the dimensions of waqif, promotion, government, regulation, and nadzir. The data analysis technique used is the Analytic Network Process (ANP), using seven expert respondents from academics, regulators, and practitioners. The results of this study indicate that the priority dimension of problems and solutions in general in the use of the CWLS instrument for the procurement of health facilities in Indonesia has to do with the promotional dimension. This is because promotion is a means of communicating to the public about the CWLS instrument. Therefore, promotional activities can minimize people who do not know about the CWLS instrument. The overall strategic priority is the implementation of waqf literacy classes by the Ministry of Religion and the Indonesian Waqf Board to the community. Literacy is an essential component in influencing someone to contribute to waqf. Thus, with this strategy, it is hoped that the public will know about the CWLS instrument. This research is expected to provide benefits for stakeholders of the CWLS instrument to evaluate the strategies that have been carried out previously so that in the future, the utilization of the CWLS instrument in the health sector is more optimal, and the role of waqf in economic development can be achieved.
ANALYSIS OF HEALTH LEVEL, SHARIA MAQASHID INDEX AND POTENTIAL FINANCIAL DISTRESS AT BANK MUAMALAT INDONESIA FOR THE 2017- 2020 PERIOD Mohammad Khoiruzi Afiq; Ana Toni Roby Candra Yudha
Jurnal Ekonomi dan Bisnis Islam | Journal of Islamic Economics and Business Vol. 9 No. 1 (2023): JANUARY-JUNE 2023
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v9i1.38245

Abstract

This study aims to comprehensively measure the performance of Bank Muamalat Indonesia as the oldest Islamic bank in Indonesia that has experience in facing the 1998 monetary crisis, which is very interesting as a research object. This research uses a comparative descriptive method with a quantitative approach. The data used is of the time series data type in the form of BMI's financial statements for the 2017-2020 period. The analytical techniques used in this study used several techniques and stages, namely the level of bank health using the RGEC method, the achievement of sharia maqashid using Abu Zahrah's version of the sharia maqashid index, comparison of RGEC and IMS performance using quadrant analysis measurement (QAM) and analysis of potential financial distress using Zmijewski (X-Score). The results show that the use of the RGEC and IMS methods at Bank Muamalat Indonesia can complement the advantages and disadvantages of each performance measuring instrument. Meanwhile, the performance results from the analysis of potential financial distress through the Zmijewski method (X-score) have provided validation and strengthened the performance results of the RGEC and IMS. This study recommends that the management of Bank Muamalat Indonesia increase the amount of financing by prioritizing the principle of prudence, considering that a suitable risk profile and capital performance should be able to overcome earnings performance that is not optimal. In addition, advice to Bank Indonesia to review Bank Indonesia regulatory policy No.13/1/PBI/2011 related to the use of the RGEC method as an assessment of bank health levels wherein the performance assessment policy does not have a specific specialization for performance assessment of Islamic banks.
ORGANIZATIONAL COMMITMENT, EMPLOYEES PERFORMANCE AND ISLAMIC WORK ETHICS: HALAL RESTAURANT PERSPECTIVE Zainuddin S; Erwin Jafar; Muhammad Nur Alam Muhajir; Muhammad Rusli
Jurnal Ekonomi dan Bisnis Islam | Journal of Islamic Economics and Business Vol. 9 No. 1 (2023): JANUARY-JUNE 2023
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v9i1.38701

Abstract

Halal restaurants are a staple for Muslims. Employee performance is an important element in increasing the number of visitors to halal restaurants. This study aims to analyze the effect of Islamic work ethic on employee performance, the effect of Islamic work ethic on organizational commitment; and the effect of organizational commitment on employee performance. This study uses a type of quantitative research. The population in this study is all halal restaurant employees who have halal certification in Indonesia. Sampling using purposive sampling with certain criteria. Data collection techniques using a questionnaire. While the data analysis of this study uses SEM PLS.The results of this study indicate that the Islamic work ethic variable has an influence on employee performance, Islamic work ethic has a positive effect on the dimensions of organizational commitment. In addition, the results of this study indicate that organizational commitment variables affect employee performance. This research has two contributions, namely empirical and policy aspects. The results of this study are additional literature related to empirical evidence of the influence of Islamic work ethics and organizational commitment to halal restaurants. In addition, the results of this study help halal restaurants in sustainable development.
INTERCONNECTION OF INFLATION, BI RATE, AND EXCHANGE RATE ON MUDHARABAH AND MURABAHAH FINANCING Early Ridho Kismawadi; Annisa Shafira Tania; Iskandar; M. Irvanni Bahri
Jurnal Ekonomi dan Bisnis Islam | Journal of Islamic Economics and Business Vol. 9 No. 1 (2023): JANUARY-JUNE 2023
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v9i1.39202

Abstract

The purpose of this study is to analyze the relationship between inflation, BI interest rates, and exchange rates on Mudharabah and Murabahah financing at Sharia Commercial Banks. This research is a quantitative study that applies the Johansen Integration Test and Vector Error Correction Model to see the long-term impact and shock response on certain variables. Research findings show that the exchange rate has a significant negative impact in the short term on Mudharabah financing income, while inflation factors and BI interest rates have a smaller negative impact in the short term. The receipt of Murabahah financing is negatively affected by all factors, especially inflation, BI interest rates, and currency exchange rates. Inflation and exchange rates have a significant negative impact in the long run on Mudharabah and Murabahah financing income, while BI interest rates have a small positive impact in the long run. Recommendations based on the results of this study are the importance of maintaining exchange rate stability and controlling inflation, as well as the need for effective risk management in the face of exchange rate fluctuations and inflation. In addition, Islamic banks need to improve operational efficiency, educate customers about economic risks, and encourage collaboration between relevant institutions for further research and better policy development.
LONG-TERM IMPACT OF MACROECONOMIC VARIABLES ON FOREIGN EXCHANGE RESERVES IN THE ORGANIZATION OF ISLAMIC CORPORATION Heru Wahyudi; Widia Anggi Suripto
Jurnal Ekonomi dan Bisnis Islam | Journal of Islamic Economics and Business Vol. 9 No. 1 (2023): JANUARY-JUNE 2023
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v9i1.40217

Abstract

One of the factors that influence the country's economy is foreign exchange reserves. This study examines the long-term effect of inflation variables, Gross Domestic Product (GDP), exports, imports, and receipts of remittances in 7 countries of the Organization of Islamic Cooperation. This study uses secondary data panels in 7 countries of the Organization of Islamic Cooperation from 1990 to 2021. The method used in this analysis is the Fully Modified Ordinary Least Square (FMOLS) panel. The results of this study are the variables used are cointegrated in the long run. There are partially negative and significant effects on foreign exchange reserves in 7 countries of the Organization of Islamic Cooperation. GDP and exports have a significant positive effect on foreign exchange reserves. Imports have a negative and insignificant effect on foreign exchange reserves and receipts of remittances have a positive and insignificant effect on foreign exchange reserves in the 7 OIC countries from 1990-2021. This research is expected to contribute to the Cooperation Organization countries related to increasing foreign exchange reserves through macroeconomic control of inflation control, increasing export diversification, increasing export diversification, decreasing imports, and increasing remittances while still paying attention to people in work abroad. It is hoped that the increase in foreign exchange reserves that can improve the organization's economic level can optimize cooperation in Islamic Cooperation, namely to support international peace and security and protect the holy places of Muslims.
THE DISTRIBUTION OF PROFITS AND LOSSES, AS WELL AS MONETARY POLICY, IN ISLAMIC BANKS INDONESIA Faizul Mubarok; Rusdianto
Jurnal Ekonomi dan Bisnis Islam | Journal of Islamic Economics and Business Vol. 9 No. 1 (2023): JANUARY-JUNE 2023
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v9i1.42507

Abstract

Profit and loss distribution in Islamic banking financing is based on the principles of fairness and risk sharing between banks and customers. Islamic banking activities channel financing are an effort to move the economic sector. This study intends to examine the short- and long-term link between monetary policy and Mudharabah contract finance, as well as the shocks caused by changes in monetary policy and the contribution of each variable during shocks. The research makes use of a vector error correction model, which is applied to monthly data spanning the years 2004 to 2022. The sample population for the study is comprised of a number of Islamic commercial banks and business units. The findings of the research on interest rates have an effect on financing through Mudharabah contracts in both the short and long terms, but solely on inflation in the long term. However, the exchange rate does not affect the short or long term. Islamic banks must implement a portfolio of Mudharabah contracts and prepare reserve funds when a shock occurs. In Mudharabah contracts, financing Mudharabah is affected by interest rates, both short-term and long-term, but only long-term financing is affected by inflation. The most important change is the change in interest rates. If a change in a financial indicator causes a shock, Islamic banks need to set up reserve funds so they can handle it. To make Islamic banking more competitive, the government needs to keep taking it as seriously as setting interest rates.
WHAT DRIVES CONSUMERS IN USING DIGITAL APPS TO VISIT HALAL TOURISM IN EAST JAVA? OPTIMIZATION STRATEGY FROM UTAUT2 PERSPECTIVE Timur, Yan Putra; Battour, Mohamed; Ratnasari, Ririn Tri; Zulaikha, Siti
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 9 No. 1 (2023): JANUARY-JUNE 2023
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v9i1.44569

Abstract

This study aims to identify the factors influencing consumer behavioral intentions in using digital applications to visit halal tourist attractions using the UTAUT2 model approach. PLS-SEM was employed as the quantitative research method's evaluation model. 300 respondents, ranging in age from 17 to 65, were utilized as the sample. Using a Likert scale from 1 to 5, a scale generated from earlier research is used to measure each variable. The study's findings revealed that five UTAUT2 indicators”performance expectancy, effort expectancy, social influence, pricing value, and habit”positively influenced consumers' inclinations to use digital applications to visit halal tourism locations. Based on the IPMA test, the performance expectancy variable is the variable that has the highest level of importance. The results of this study can be used by halal tourism business actors and the government as a digital application strategy development to support the growth of halal tourism in East Java.