cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
-
Contact Email
-
Phone
-
Journal Mail Official
-
Editorial Address
-
Location
Kota surabaya,
Jawa timur
INDONESIA
Jurnal Ekonomi dan Bisnis Islam
Published by Universitas Airlangga
ISSN : 24426563     EISSN : 25273027     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
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 197 Documents
 16   17   18   19   20 
QUO VADIS OF INDONESIAN ISLAMIC BANKING: A DELPHI STUDY Ubaidi, Abdillah; Mawardi, Imron; Rosyidi, Luthfi; Zakaria, Nor Balkish
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 11 No. 1 (2025): JANUARY - JUNE 2025
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v11i1.66578

Abstract

This paper aims to determine what factors make Islamic banks in Indonesia have a low market share and what factors will drive Islamic banking to achieve a sustainable competitive advantage. The Delphi approach is used to gather experts' opinions in the Islamic banking field. There are 15 experts involved in three rounds, all representing the stakeholders of the Islamic banking industry in Indonesia, namely academics, government, regulators, community and practitioners. The Delphi panel consensus of the five categories of Islamic banking stakeholders revealed that what causes the Islamic banking market to be low is the implementation of the market share trap and the low assets of Islamic banks as problems to be solved. As for the Islamic finance hub, Islamic values and stakeholder relations as a component system of Islamic banking can gain a sustainable competitive advantage. This study contributes empirically to increasing the market share of Islamic banks and achieving a sustainable competitive advantage of Islamic banking in a dual-banking system. The study will broaden knowledge and provide insight into the sharia economic ecosystem for policymakers, operators, regulators and practitioners of the Islamic banking sector in Indonesia regarding stakeholder perspectives, which can be part of the solution for development in the banking industry. This contribution is an integral part of the roadmap for developing Indonesian banking.
IJARAH ASSET CONTRACT: A PRODUCT INNOVATION FOR ISLAMIC MICROFINANCE Khasanah, Umrotul; Wicaksono, Ahmad Tibrizi Soni; Rahmawati, Alvi
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 11 No. 1 (2025): JANUARY - JUNE 2025
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v11i1.68167

Abstract

This research aims to develop a tool for assessing the potential of ijarah asset contract model as a product offered by Islamic Microfinance Institutions (IMFIs) to Micro, Small and Medium Enterprises (MSMEs) in Malang Regency, Batu City, and Malang City areas of Indonesia. In this context, a grounded theory is applied, including open, axial, and selective coding, as well as qualitative model analysis to report crucial factors for ijarah asset contract product at IMFIs. The results show that Sharia compliance is the most fundamental instrument, followed by trust, benefit, agreement, and tolerance based on the priority criteria. In addition, the relationship between instruments create the best implementation model in the forerunner of ijarah asset contract product. This research is carried out by determining the instrument of ijarah asset contract and explaining the relationship between instruments forming an implementation model. The development of fresh ijarah product innovations at IMFIs is conducted to facilitate asset leasing for MSMEs. A model is also proposed using the results as a benchmark for execution to minimize the potential for unsuccessful outcomes.
DOES ESG VALUE HAVE AN IMPACT ON A FIRM’S VALUE? LESSON LEARNED FROM INDONESIA Handayani, Lusiana; Canggih, Clarashinta; Ainun, Basyirah; Hadjilatif, Sahraman D.
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 11 No. 1 (2025): JANUARY - JUNE 2025
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v11i1.68399

Abstract

Introduction: With growing interests from investors and researchers in ethical investing—partly driven by the United Nations’ Sustainable Development Goals (SDGs)—this study examines the connection between Socially Responsible Investments (SRI) and Islamic finance. Given that these two approaches share common objectives, this study investigates the integration of Environmental, Social, and Governance (ESG) disclosure with Islamic screening principles that affect a firm’s value. Methods: The study focuses on companies listed on the Indonesia Sharia Stock Index (ISSI). It employes pooled Ordinary Least Squares (OLS) with a Random Effect Model (REM) to analyze the impact of ESG on firm value. Results: The findings indicate that ESG scores significantly affect a company’s operations, financial performance, and market standing. However, the impact varies depending on the specific ESG factors. Governance factors demonstrate a stronger association with firm value compared to environmental, economic, and social factors. Conclusion and suggestion: This results suggest that while ESG reporting is crucial, the specific focus areas highlighted in a company’s sustainability disclosures can influence performance in different ways. Strong evidence shows that sustainability reports significantly impact organizational performance. Furthermore, sharia-compliant companies are encouraged to emphasize Islamic values within their sustainability reporting to enhance transparency and appeal to investors. For Sharia-compliant companies in Indonesia, strategically integrating and transparently reporting ESG principles, especially those aligning with Islamic values, is becoming essential for enhancing financial performance, complying with new regulations, and attracting Muslim investors.
Front Matter 2025 Rusmita, Sylva Alif
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 11 No. 1 (2025): JANUARY - JUNE 2025
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v11i1.75375

Abstract

Front Matter 2025
Back Matter 2025 Rusmita, Sylva Alif
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 11 No. 1 (2025): JANUARY - JUNE 2025
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v11i1.75376

Abstract

Back Matter 2025
BAITUL MAAL WA TAMWIL DIGITALIZATION AND MILLENNIALS ACCEPTANCE IN INDONESIA Salama, Sri Cahyaning Umi; Millatina, Afifah Nur; Ajija, Shochrul Rohmatul; Hudaifah, Ahmad; Johari, Fuadah
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 11 No. 2 (2025): JULY - DECEMBER 2025
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v11i2.66457

Abstract

Digitalization in microfinance institutions, including Sharia-compliant ones such as Baitul Maal wa Tamwil (BMT), is considered crucial for several reasons, including operational efficiency, increased financial inclusion, and rising demand in the evolving financial ecosystem. As a crucial tool for alleviating poverty and empowering marginalized communities, the integration of digital technology has become a necessity, not an option. This research examines the factors that influence millennials’ use of digital financial technology developed by BMT. This study employed the Technology Acceptance Model (TAM) processed through Structural Equation Modeling (SEM) in SmartPLS with 108 respondents. The sample consisted of millennial- generation Islamic digital BMT users in Indonesia who have at least one experience using it. The sampling technique used was accidental sampling, and data collection was carried out for one month. The results indicated that all hypotheses were accepted. Ease of use significantly affected users' attitudes, as did the usefulness for behavior. This finding implies that if a digital BMT platform is easier to use, it will lead to more positive attitudes among its users. , the more useful a digital BMT platform is, the more positively its users will behave and the more likely they will be to use it in the future.
ANALYZING THE EFFICIENCY AND PRODUCTIVITY OF WAQF FUND MANAGEMENT IN INDONESIA AND MALAYSIA: A DEA AND MPI APPROACH Maulida, Syahdatul
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 11 No. 2 (2025): JULY - DECEMBER 2025
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v11i2.67947

Abstract

Many waqf institutions face challenges when optimizing their performance due to varying capacities and operational conditions. The present research analyses the productivity and efficiency of the management of waqf funds in Indonesia and Malaysia from 2018 to 2023. This research employs data extracted from the annual reports of waqf management organizations. The data was analyzed using the DEAP 2.1 software regarding Data Envelopment Analysis and the Malmquist Productivity Index, which provided a larger comparative view of both the efficiency and productivity of waqf funds over time. During the observation period, we found that the average Total Factor Productivity Change (TFPCH) was 0.956, which shows a small dip in productivity. The main factor driving this productivity was technological change (TECHCH), which registered at 1.096, whereas the impact from technical efficiency (EFFCH) was pretty limited at 0.872. The analysis shows that in Indonesia, we should really work on making waqf distribution better, keep the operational costs in check, boosting waqf collection, and ensuring that assets are used efficiently. In Malaysia, the biggest areas to improve are waqf collection and distribution, while it seems like operational costs and asset management are in pretty good shape already. These findings offer valuable insights for policymakers and waqf institutions, highlighting the importance of improving technology and efficiency to better manage and sustain waqf funds in both countries.
DETERMINING FACTORS OF INTENTION TO PAY ZAKAT VIA FINANCIAL TECHNOLOGY (FINTECH) Muhibbin, Zainul; Al Mustofa, Muhammad Ubaidillah; Soedarso; Rahadiantino, Lienggar; Robani, Anidah; Febrianti, Puput Rosita
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 11 No. 2 (2025): JULY - DECEMBER 2025
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v11i2.71759

Abstract

This study aims to examine muzakki’s intention to utilize Financial Technology (Fintech) platforms for paying zakat by investigating the behavioral and psychological determinants. The research integrates the Technology Acceptance Model (TAM) and the Theory of Planned Behavior (TPB), with a particular emphasis on prosocial motivations and perceived risk factors. This study uniquely expanded the view of perceived risk variables, including psychological, legal, and time risks, by integrating altruism and empathy as prosocial constructs into a single framework. The research employs a quantitative approach, utilizing a structured questionnaire distributed to 150 purposively selected respondents. The data were analyzed using Partial Least Squares-Structural Equation Modeling (PLS-SEM) to test the relationships between the variables. The findings reveal that perceived altruism and empathy significantly influence muzakki’s intention to adopt fintech for zakat contributions. In contrast, perceived risk—which encompasses aspects such as privacy, legality, time, psychological burden, and security—does not have a significant effect on the intention to use fintech for zakat. These results suggest that emotional and social motivations are stronger predictors of digital zakat payment adoption than perceived risk. Therefore, zakat institutions and fintech developers are advised to focus on building trust and emphasizing the altruistic and empathetic values of zakat in their platforms, as this effort is expected to strengthen the development of a sharia-compliant digital financial ecosystem and contribute to achieving social goals, such as poverty alleviation and reducing inequality.
DETERMINANTS OF SOLVENCY IN SHARIA LIFE INSURANCE: THE ROLE OF LIQUIDITY, INVESTMENT, CLAIMS EXPENSES, AND LEVERAGE Salwa Tasya Aqilah; Siti Zulaikha; Alhabshi, Syed Othman
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 11 No. 2 (2025): JULY - DECEMBER 2025
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v11i2.72299

Abstract

This study aims to analyse the effects of liquidity, investment returns, claim expenses, and leverage on the solvency of Sharia life insurance companies during the 2019–2023 period, both partially and simultaneously. Risk-Based Capital (RBC) is used as an indicator of the financial health of insurance companies, while liquidity, investment returns, claim expenses, and leverage serve as the independent variables tested. This study adopts a quantitative approach using panel data regression with the Random Effects Model (REM) to examine the relationships among variables. The results show that, partially, liquidity has a significant positive effect on solvency, while leverage has a significant negative effect. Meanwhile, investment returns show an insignificant negative effect, and claim expenses show an insignificant positive effect on the solvency of Sharia life insurance companies. Simultaneously, liquidity, investment returns, claim expenses, and leverage have a significant effect on solvency. The findings imply that both Sharia life insurers and regulators need to strengthen risk-based supervision, particularly in managing current assets and controlling debt usage, to ensure long-term financial stability.
PROFIT LOSS SHARING FINANCING IN INDONESIA ISLAMIC RURAL BANKS: AN EVALUATION AMIDST GLOBAL UNCERTAINTY Anis, Muhammad; Roisatun Kasanah; Rashed, Ahmed R.
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 11 No. 2 (2025): JULY - DECEMBER 2025
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v11i2.72577

Abstract

Although the Islamic banking industry has been developing for more than three decades, profit-loss sharing (PLS) financing has yet to secure a significant share of the overall financing portfolio. Against this backdrop, this study focuses on Indonesia’s Islamic Rural Banks (IRBs), which play a crucial role in serving micro and small enterprises nationwide. A key challenge for these institutions is the rising global uncertainty, which heightens risks, complicates financing decisions, and may hinder the growth of PLS-based contracts. Using the Autoregressive Distributed Lag (ARDL) model, this study examines both the short-term dynamics and the long-term impacts of operational efficiency (BOPO), profitability (ROA), inflation rate, industrial production index (IPI), and the World Uncertainty Index on profit-loss sharing financing. The analysis employs monthly data spanning the period from 2011 to 2024. The findings indicate that a combination of bank-specific factors and macroeconomic conditions plays a critical role in shaping PLS financing decisions in the short term. However, in the long term, the sustainability of PLS financing is more strongly linked to overall economic growth. Conversely, global uncertainty does not exert a significant influence, suggesting that IRBs exhibit relative resilience to external shocks. It suggests that PLS financing is more closely associated with economic growth and specific banking conditions than with global uncertainty. This study provides several recommendations for IRBs to enhance the implementation and sustainability of PLS-based financing.

Page 19 of 20 | Total Record : 197

 16   17   18   19   20 

Filter by Year

2015 2025


Reset
Filter By Issues
All Issue Vol. 11 No. 2 (2025): JULY - DECEMBER 2025 Vol. 11 No. 1 (2025): JANUARY - JUNE 2025 Vol. 10 No. 2 (2024): JULY - DECEMBER 2024 Vol. 10 No. 1 (2024): JANUARY - JUNE 2024 Vol. 9 No. 2 (2023): JULY - DECEMBER 2023 Vol. 9 No. 1 (2023): JANUARY-JUNE 2023 Vol. 8 No. 2 (2022): JULY - DECEMBER 2022 Vol. 8 No. 1 (2022): JANUARY-JUNE 2022 Vol. 7 No. 2 (2021): JULY-DECEMBER 2021 Vol. 7 No. 1 (2021): JANUARY-JUNE 2021 Vol. 6 No. 2 (2020): JULY-DECEMBER 2020 Vol. 6 No. 1 (2020): JANUARY-JUNE 2020 Vol. 5 No. 2 (2019): JULY-DECEMBER 2019 Vol. 5 No. 1 (2019): JANUARY-JUNE 2019 Vol. 4 No. 2 (2018): JULI-DESEMBER 2018 Vol. 4 No. 1 (2018): JANUARI-JUNI 2018 Vol. 3 No. 2 (2017): JULI-DESEMBER 2017 Vol. 3 No. 1 (2017): JANUARI-JUNI 2017 Vol. 2 No. 2 (2016): JULI-DESEMBER 2016 Vol. 2 No. 1 (2016): Januari - Juni 2016 Vol 1, No 2 (2015): Juli - Desember 2015 Vol. 1 No. 2 (2015): Juli - Desember 2015 Vol. 1 No. 1 (2015): Januari - Juni 2015 Vol 1, No 1 (2015): Januari - Juni 2015 More Issue