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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 199 Documents
BIBLIOMETRIC ANALYSIS OF ZAKAT RESEARCH FOR SUPPORTING SDGS Rosyidi, Luthfi Nur; Sukmaningrum, Puji Sucia; Widiastuti, Tika
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 10 No. 1 (2024): JANUARY - JUNE 2024
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v10i1.54251

Abstract

Introduction: This research aims to reveal and map the publication regarding zakat to achieve SDGs. Methods: Based on the Scopus database, this study attempts to present an overview of papers, authors, journals, and countries that are prominent in zakat research using the bibliometric technique. Results: Until November 2022, there were 618 documents published by 1,356 authors. And zakat-related research has increased over the last 14 years, with Malaysia having the most authors publishing articles in the field of zakat. Non-Muslim countries, such as the United States, are also included on the list. The research findings show that there are seven pillars in zakat research: pillar 1 (No Poverty), pillar 2 (Zero Hunger), pillar 3 (Good Health & Well-being), pillar 4 (Quality Education), pillar 8 (Decent Work & Economic Growth), pillar 9 (Industry, Innovation, and Infrastructure), and pillar 10 (Industry, Innovation, and Infrastructure). These pillars correspond to the goal of zakat, which is to distribute wealth for the benefit of the people. Conclusion and suggestion: The government is expected to implement regulations and use existing models to optimize zakat to improve SDG achievement. This research can also be used as a guideline for future research by academics based on the trend and the gap research found in this study.
SUKUK RATING: MATURITY, SUKUK STRUCTURE AND GUARANTEE WITH PROFITABILITY AS MODERATION Ulum, Rafiatul; Mubarok, Muhammad Husni
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 10 No. 1 (2024): JANUARY - JUNE 2024
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v10i1.55287

Abstract

Introduction: The development of corporate sukuk in Indonesia increases every year, which is why a credible sukuk rating is very necessary. Sukuk is a sharia investment instrument with minimal risk. This research aims to determine the factors that influence sukuk ratings from non-financial factors such as maturity, sukuk structure and guarantee with profitability as moderation through 130 samples of corporate sukuk issued in 2018-2022. Method: The method used is descriptive analysis, Ordinal Logistic Regression and Moderate Analysis Regression with SPSS 25 software. Results: The research results show that maturity and structure sukuk have a significant negative effect, the guarantee has a significant positive effect on sukuk rating. Profitability is not able to moderate the influence of maturity on sukuk rating, profitability weakens the influence of the sukuk structure on the sukuk rating and profitability strengthens the influence of guarantee on the sukuk rating on the sukuk rating. Conclusion and suggestion: Therefore, potential investors must pay attention to the sukuk ranking and the company's level of profitability before deciding to invest. Companies must pay attention to the company's economic and non-economic conditions in order to minimize the risk of default.
THE INFLUENCE OF MACROECONOMIC VARIABLES ON THE JAKARTA ISLAMIC INDEX (JII): AN ANALYSIS FROM 2010 TO 2023 Prehatin, Dian; Haryono, Slamet
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 10 No. 2 (2024): JULY - DECEMBER 2024
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v10i2.58362

Abstract

Introduction: Sharia investment activities become one of the most promising economic activities. This is proven from the resilience of sharia capital market activities, which have remained strong despite the challenges of the Covid-19 pandemic. This research examine the influence of macroeconomic variables on the Jakarta Islamic Index (JII). Method: This research used a quantitative approach with time series data for the period of January 2010 to December 2023. Specifically, the Vector Error Correction Model (VECM) method was employed to examine both the long-term and short-term effects, as well as the shocks in macroeconomic variables on Jakarta Islamic Index (JII).  Results: This study indicate that in the long term, the exchange rate, IHSG and WGP variables have a significant positive impact on JII, while the inflation variable has a significant negative impact. Conversely, the WGP variable shows an insignificant negative impact on stock movements rates within JII. In the short term, however, the variables of inflation, exchange rate, IHSG, COP (Crude Oil Prices) and WGP do not have any impact on the movement of shares listed on JII. Conclusions and Suggestions: The findings of this research encourage investors to pay more attention to the movement of macroeconomic rate variables and information from companies related to financial reports before making a decision to invest their capital. The inflation, exchange rate, and IHSG variables can be utilized as references in decision making because better movement of the IHSG and exchange rate and stable inflation are able to provide optimal returns for investors.
SECTORAL FINANCING CONCENTRATION AND SHARIA RURAL BANKS’ PROFITABILITY Widarjono, Agus; Mifrahi, Mustika
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 10 No. 2 (2024): JULY - DECEMBER 2024
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v10i2.59121

Abstract

Introduction: Sharia rural banks (SRBs) in Indonesia face high non-performing financing (NPF). The high NPF likely causes a decrease in the profitability of SRBs. One strategy to overcome high financing risk is selecting the appropriate financing strategy either sectoral financing diversification or concentration. This study explores the impact of sectoral financing concentration along with some control variables on the profitability of Sharia rural banks in Indonesia using aggregate data of SRBs from 2010:M1 to 2023:M12 Methods: Our study employs the quantitative method utilizing the Autoregressive Distributed Lag (ARDL). Returns on Assets (ROA) are utilized to measure profitability and Sectoral financing concentration is measured by the Herfindahl-Hirschman index (HHI). Some control variables are assets, capital adequacy ratio (CAR), financing (FIN), cost-income ratio (CIR), NPF, consumer price index (CPI), and COVID. Results: The results show cointegration, indicating the long-run relationship among the variables being studied. The findings signify that sectoral financing concentration fortifies Sharia rural banks' profitability. Also, the size and equity enhance profitability. The results also highlight that low inflation increases profitability and COVID-19 lowers profitability. Conclusion and suggestion: Our results suggest that Sharia rural banks should have competent experts in specific economic sectors such as trade, restaurants, and hotels, which generate more profit due to comparative advantage.
LENGTH OF STAY OF MUSLIM TOURIST AT HALAL TOURISM DESTINATION: INTEGRATING ISLAMIC ATTRIBUTES WITH PUSH-PULL MOTIVATION AND MEDIATED BY SATISFACTION Hermawan, Rheza; Tri Ratnasari, Ririn; Huzaini, Moh; Alimusa, La Ode; Njie, Yahya
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 10 No. 2 (2024): JULY - DECEMBER 2024
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v10i2.60485

Abstract

Introduction: The length of stay of tourists is a very critical issue in the tourism and hospitality industries, including in the halal tourism sector. So, this study aims to find out and test the factors that affect the length of stay of Muslim tourists when traveling in halal tourism destinations by integrating Islamic attributes with push-pull motivation mediated by satisfaction. Method: The method used in this study is quantitative using Partial Least Square-Structural Equation Modeling (PLS-SEM) analysis. The population of this study is Muslim tourists who visit halal tourism destinations in Lombok with a sample of 171 respondents. Results: Islamic attributes such as Islamic facilities, alcohol and gambling-free, and Islamic morality have a direct effect on length of stay, while halalness affects the length of stay mediated by satisfaction. Push and pull motivations have a positive effect on the length of stay. Finally, the length of stay is also affected by satisfaction. Conclusion and suggestion: Islamic attributes and motivation as well as satisfaction greatly affect the length of stay of Muslim tourists when traveling at halal tourism destinations. The findings of this study are very important and can serve as a crucial guide for businesses and governments to present the various needs and attributes of Muslim tourists so that they feel satisfied and willing to stay longer in halal tourism destinations.
DISCOVER ISLAMIC WORK ETHICS FACTORS FOR SHAPING WORK CULTURE IN INDONESIA Faizah, Siti Inayatul; Widiastuti, Tika; Marijan, Kacung; Dewi, Eka Puspa; Baihaqi, Muhammad Nadif
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 10 No. 2 (2024): JULY - DECEMBER 2024
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v10i2.60490

Abstract

Introduction: : The fundamental theory posits that Islamic values encompass all human activities, including work ethics as an essential component of organizational behavior. However, today’s society is facing a decline in work ethics, necessitating readjustment. This study aims to bridge the gap by examining prior research on Islamic work ethics in Indonesia. Methods: A systematic literature review method was used to delve deeper into the development of research topics over the past decade (2014-2023) through a search of Scopus-indexed articles. After a screening process, the final sample, consisting of 38 articles, was processed for further analysis using meta synthesis approach to explore more specific understanding of Islamic work ethics by using Nvivo software. Results: The results showed that Islamic work ethics were affected by three main factors: community patterns, role of Islam, and organizational concept. The relationship between these three factors can encourage positive behavior in the workplace in Indonesia. Conclusion and suggestion: Islamic work ethics in Indonesia are not limited to religious value, but also the culture of the community. Mapping ideas of the three categories of Islamic work ethics in Indonesia can be useful for future empirical research to analyze the relationship among factors in shaping Islamic work ethics in Indonesia. The mapping ideas could also be implemented by organizations in daily business practices.
HALAL CERTIFICATION STRATEGY IN THE DEVELOPMENT OF SMALL AND MEDIUM INDUSTRIES Mahri, A. Jajang W.; Gelda, Isnaeni; Juliana, Juliana; Cahkyaneu, Aneu; Selamet Rusydiana , Aam
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 10 No. 2 (2024): JULY - DECEMBER 2024
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v10i2.60491

Abstract

Introduction: This research was carried out to find out appropriate alternative strategies from halal certification institutions in their contribution to developing Small and Medium Industries (SMI).   Method: The method uses quantitative descriptive methods; this research analyzes strategies based on expert judgment surveys. In the process, the collected data is analyzed internally and externally and developed in a matrix using SWOT analysis. Meanwhile, quantitative tools use the IFAS-EFAS approach in the form of rating and weighting questionnaires.     Result: Based on the results of the SWOT analysis, the halal certification strategy can be optimized through a combination of SO, WO, ST, and WT strategies. Based on the results of the IFAS EFAS assessment, the halal certification strategy occupies quadrant I, namely growth and build. Explains conditions that are in the growth stage and must be developed. This research shows the position of halal certification institutions in the IA quadrant with the "Rapid Growth" strategy, where the S>O value supports the SO strategy.   Conclusion and Suggestion: This research succeeded in uncovering strengths, weaknesses, opportunities, and threats and produced appropriate alternative strategies to be implemented by halal certification institutions in developing SMI. Based on the results of the IFAS EFAS alternative strategy analysis, halal certification institutions need to increase cooperation with external parties, collaborating with the government and training institutions. From the internal side, strengthening institutional operational systems, education, and communication, as well as disseminating information, must be distributed evenly to the community so that the implementation of strategies runs well.
COMPARATIVE STUDY: P2P SHARIAH CONTRIBUTION INTENTIONS BETWEEN GENERATION Z AND MILLENNIALS Nugroho, Moh Agus; Syarif H Djauhari , Muhammad; Syawaluddin, Syawaluddin
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 10 No. 2 (2024): JULY - DECEMBER 2024
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v10i2.62267

Abstract

Introduction: Shariah-compliant P2P lending in Indonesia has significant potential but still faces major challenges, such as low financial literacy and high risk perception among Generation Z and Millennials. This study investigates factors influencing individuals' intentions and contributions to Islamic P2P Lending using the Theory ofPlanned Behavior(TPB). Methods: A sample of 202 individuals was analyzed using Partial Least Squares(PLS) to handle the complex model with latent variables and non-linear relationships. Results: This study found that attitude(AT), subjective norms(SN), and perceived behavioral control(BC) have a significant positive influence on the intention to contribute(IC) to Islamic P2P Lending, consistent with the Theory of Planned Behavior(TPB). Additionally, religiosity(RE) and intention to contribute(IC) significantly impact actual contributions(CP) to Islamic P2P Lending. The indirect effects show that attitude, subjective norms, and perceived behavioral control influence contributions through intention, with intention serving as the main mediator. The multigroup analysis reveals no significant differences between Generation Z and Millennials, suggesting that strategies to increase participation can be similarly applied to both generational groups. Conclusion and suggestion: To enhance participation in Islamic P2P Lending, it is essential to foster positive attitudes, encourage supportive social norms, and strengthen users' sense of control. The same strategies can be applied to increase participation from both Generation Z and Millennials
WHAT DRIVES THE INTENTION OF MILLENNIALS AND GENERATION Z TO PAY ZIS VIA DIGITAL PLATFORM? RELIGIOSITY AS THE MODERATING VARIABLE Latipah, Yeni; Supriani , Indri; Sudarsono , Heri
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 10 No. 2 (2024): JULY - DECEMBER 2024
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v10i2.62338

Abstract

Introduction: This study aims to examine the influence of subjective norm attitudes, behavioral control, zakat literacy, trust, and ease-of-use on the intentions of Millennials and Generation Z to give zakat, make donations, and give alms through digital platforms, with religiosity as a moderating factor. Methods: In this study, Partial Least Squares Structural Equation Modeling (PLS-SEM) was employed as the data analysis method. The study involved 202 respondents from Millennials and Generation Z in Indonesia. Results: The study involved 202 respondents from Millennials and Generation Z in Indonesia. The results demonstrate that attitudes, subjective norms, behavioral control, trust, ease of use, and religiosity significantly and positively influence the intention of Millennials and Generation Z to pay ZIS through digital platforms. However, zakat literacy does not impact their intention to use digital platforms for ZIS payments. Additionally, religiosity, when considered as a moderating variable, does not moderate the influence of attitudes, subjective norms, behavioral control, zakat literacy, and trust on the intention of Millennials and Generation Z to pay ZIS digitally. Conclusion and suggestion: This research provides valuable theoretical implications that can be adopted as a reference for future research that employs religiosity as a moderating variable. Most importantly, zakat institutions and the government can use these discoveries to develop policies that highlight the importance of paying ZIS and strengthen societal attitudes towards it, thereby increasing ZIS collection in Indonesia.
EMPOWERING ISLAMIC BOARDING SCHOOLS' BUSINESS UNITS: A DIGITAL MARKETING OPTIMIZATION MODEL bin Lahuri, Setiawan; Aniys Nur Fuadah, Risma; Amalia Zuhroh, Ainun
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 10 No. 2 (2024): JULY - DECEMBER 2024
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v10i2.65069

Abstract

Introduction: This study aims to develop a comprehensive digital marketing optimization model specifically designed for Islamic boarding schools in East Java, a province with a high concentration of Islamic boarding schools and their associated business units. The intense competition among these schools necessitates the adoption of digital transformation to enhance the effectiveness and competitiveness of their business operations. Methods: Utilizing qualitative methods and the Analytic Network Process (ANP) for data analysis, this study identifies critical internal challenges, such as low product quality, and external threats, including competition from larger enterprises. The research also explores alternative strategies to address these challenges. Results: The findings indicate that the primary barriers to effective digital marketing stem from both internal and external factors. Strategic solutions are proposed, including the implementation of Search Engine Optimization (SEO), social media marketing, and targeted advertising through platforms like Google Ads. Moreover, the study highlights the importance of continuous mentoring and counseling to support the successful application of these strategies. Conclusion and suggestion: This research provides valuable insights into leveraging digital marketing to enhance human resource potential and improve product quality, thereby fostering economic empowerment within Islamic boarding schools and increasing their competitiveness.