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INDONESIA
Falah : Jurnal Ekonomi Syariah
ISSN : 25023918     EISSN : 25027824     DOI : -
Core Subject : Economy,
FALAH: Jurnal Ekonomi Syariah is managed by Department of Islamic Economic, Faculty of Islamic Studies, University of Muhammadiyah Malang (p-ISSN 2502-3918, e-ISSN 2502-7824) This journal published two times a year (Pebruary and August) since 2016. The journal presents the results of research in the field of Islamic Economic, Islamic Banking, Islamic Management and so on.
Arjuna Subject : -
Articles 217 Documents
Determinants of Foreign Direct Investment in Organization of Islamic Cooperation (OIC) Countries’ Economy Imam Gracia Marshall; Muhammad Sena Nugraha Pamungkas; Irham Zaki; Afifah Nur Millatina; Wenny Widiantika
Falah: Jurnal Ekonomi Syariah Vol. 9 No. 1 (2024): FEBRUARY
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jes.v9i1.19629

Abstract

The majority of organization of Islamic cooperation (OIC) countries are developing countries that need an investment to improve the welfare of the countries. This study analyzes the factor of political stability, trade openness, government performance efficiency and forms of government to foreign direct investment in the Organization of Islamic Cooperation (OIC) Countries. This study was quantitative using random effects model (REM). This research using the Data Panel to 57 member of organization of Islamic cooperation (OIC) countries with an annual distribution of data starting from 2000 – 2023. The result found that political stability, government efficiency, trade openness, and form of government are factors that have a relationship and influence on the investment climate. The results of this study contribute to enrich the discourse of political stability and government efficiency in Indonesia to attract foreign direct invesment (FDI).
Blockchain-based Market Transaction and Islamic Economics: A Bibliometric Analysis Sandiko Anggoro; Khoirul Umam; Subhan Mawardi
Falah: Jurnal Ekonomi Syariah Vol. 8 No. 2 (2023): AUGUST
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jes.v8i2.23697

Abstract

The advent of blockchain technology has led to an exponential growth in the digital world. This study intends to categorize dominant topics related to find out what  concepts  and  dominant  themes  are  massively  discussed  in  studies  related  to blockchain-based market transaction and Islamic economics. This study was a systematic literature review using the Scopus database from year 2020 to 2023, as the main reference source to consider that this database have a high reputation in the international scientific field. The steps of study was carried out by summarizing various previous studies related to blockchain-based market transaction and Islamic economics in order to find strategies and various in the massive discourse around financial technology. The study found that there were four dominant topics related to this research were: cryptocurrency; market; barrier; and network. This study will contribute to enrich the concepts  and  dominant  themes  were  massively  discussed  in  studies  related  to blockchain-based market transaction and Islamic economics.
Islamic Banking Stability: A Bibliometric Analysis Adnan, Muhammad Ichsan; Majid, M. Shabri Abd; Gunawan, Eddy
Falah: Jurnal Ekonomi Syariah Vol. 9 No. 2 (2024): AUGUST
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jes.v9i2.28991

Abstract

The rapid evolvement and higher stability of Islamic banking institutions across the global Muslim world as compared to their conventional banking industry has attracted more researchers to explore Islamic banks as one of the viable financial institutions to the existing unstable global financial system. This study intends to analyze descriptively the trends of research on the theme of Islamic banking stability. This study using bibliometrics analysis collected from published articles in international reputable journals indexed in the Scopus database over the period from 2010 to 2020. To analyze the selected articles used VOSviewer software and microsoft excel spreadsheet from publish and perish database using the keywords of Islamic bank, bank stability, and Islamic banking stability. The result found that there were an increasing number of articles published on the topic. This study recorded 175 articles on the topic, authorized by 149 authors from different countries, and published in 103 international reputable journals. These findings showed that the topic of Islamic banking stability has become one of the important issues of global financial stability. This study contributes to the field of Islamic finance by mapping the existing studies on the Islamic banking stability and enrich the literature in the discourse of Islamic banking stability.
The Influence of Islamic Financial Literacy, Islamic Financial Inclusion, and Financial Behavior on the Investment Decisions of Generation Z in West Java Ajeng Nurul Fadillah; Deni Lubis
Falah: Jurnal Ekonomi Syariah Vol. 9 No. 1 (2024): FEBRUARY
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jes.v9i1.29286

Abstract

The largest number of Generation Z in Indonesia has potential for economic development. This is because the younger generation possesses high levels of technological skills, making them promising investors and key drivers in advancing investment growth in Indonesia. This research aims to analyze the levels of Islamic financial literacy and inclusion and their influence on financial behavior and investment decisions using descriptive analysis and the SEM-PLS method. The research results indicate that the average level of Islamic financial literacy was 77.9% (well-literate) and the level of Islamic inclusion was 80.5% (high). Islamic financial literacy and Islamic financial inclusion significantly affect investment decisions while financial behavior does not significantly affect investment decisions. This study contribute to enhance the index of literacy and financial inclusion in sharia finance for the younger generation, as well as promoting participation in sustainable investments oriented towards sharia principles.
Determinant Factors to become a Customer of Sharia Multifinance Companies among Indonesian Muslims Rini Fatma Kartika; Ali Idrus; Ade Suherlan
Falah: Jurnal Ekonomi Syariah Vol. 9 No. 2 (2024): AUGUST
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jes.v9i2.29345

Abstract

Sharia multifinance companies are one of Indonesia's Islamic non-bank financial industries that also utilize technological advances to facilitate people who want to apply for Islamic financing online. This study aims to analyse to analyze the determinants of awareness and intention of Indonesian muslim to become a customer of sharia multifinance companies. This study was quantitative by using questionnaire as the method of collecting data which distributed to a total of 418 respondents. The data analysed by using structural equation models with Smart PLS software. The results of this study found that religious commitment, awareness and reputation have a positive and significant impact on the intention to become a customer of sharia multifinance companies. The results of this study contribute to increase the understanding of sharia multifinance companies on the awareness and intention of Muslim in Indonesia to become their customer.
The Role of Zakat, Infaq and Shadaqah in Indonesia’s Economic Growth: An Islamic Perspective Fajrin Intan Safitri; Ghozali Maski; Iswan Noor; Ardhika Wahyu Kuncoro
Falah: Jurnal Ekonomi Syariah Vol. 9 No. 1 (2024): FEBRUARY
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jes.v9i1.30217

Abstract

The nexus between economic growth and national income is very critical driven by the nation’s growth performance and its citizens’ improvement standard of living. This study aims to analyze the role of zakat, infaq and shadaqah in Indonesia’s economic growth from the Islamic perspective. By utilizing secondary data from Bank Indonesia, Central Bureau of Statistics, and BAZNAS this research employs the 2SLS (Two-Stage Least Square) method to estimate structural coefficients. The result found that generaly, zakat, infaq and shadaqah (ZIS) and consumption significantly contributed to economic growth from several variables like net exports, investment, and government during period 2001-2020. This research contribute to highlighting the significant impact of ZIS on national income and societal consumption, this study also provide result of study aimed at enhancing economic growth and ensuring the equitable collection and distribution of ZIS funds.
A Cross-Country Analysis of Islamic Bank’s Performance in Malaysia and Indonesia Moh. Nurul Qomar; Sulistya Rusgianto; Ibnu Muttaqin; Athi’ Hidayati
Falah: Jurnal Ekonomi Syariah Vol. 9 No. 1 (2024): FEBRUARY
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jes.v9i1.31489

Abstract

This study aims to examine the financial performance of Islamic banks in Indonesia and Malaysia, with a specific focus on optimizing shareholder value. The assessment includes efficiency, market share, interest rates, inflation and economic growth as crucial criteria in comprehending the success of Islamic banks in each country. The secondary data is derived from the annual reports of 25 Islamic banks in Indonesia and Malaysia, with a focus on characteristics pertaining to operational efficiency and market share. Furthermore, data is obtained from Bank Indonesia (BI) to gather statistics regarding inflation, interest rates, and GDP growth from the years 2018 to 2021. The study used panel data regression with a random effects model as the most accurate estimator. The results of the panel data regression analysis suggest that inflation has a favorable effect on return on equity (ROE), while GDP growth has a beneficial impact on return on assets (ROA). This research highlights the importance of enhancing inflation risk management and making strategic adaptations to the business plans of Islamic banks in Malaysia and Indonesia. This  research enhances the scholarly comprehension of the variables affecting the efficiency of Islamic banks in diverse economic conditions.
Capturing the Potential Implementation of Islamic Financing with Supply Chain Finance Model Fisheries Sector in Belitung Reviandi Ramadhan; Evony Silvino Violita
Falah: Jurnal Ekonomi Syariah Vol. 9 No. 1 (2024): FEBRUARY
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jes.v9i1.31601

Abstract

This research aims to analyze the Islamic financing model with supply chain financing and its impact for the economic development, especially for fisheries households in Belitung region. This research uses a qualitative approach. The main object of this research was Bank Pembiayaan Rakyat Syariah and the fishery sector in Belitung. In addition, the distribution of the locations of fisheries households consists of 5 (Five) subdistrict namely: Tanjung Pandan, Membalong, Sijuk, Badau, and Selat Nasik. In this study, the research uses a basic framework of interview questions to 10 infromants from multi-channel financing business model study by Bank Indonesia (2023). The results of this study found that the supply chain financing model with Islamic financing contracts has the potential prospect to be applied by using the musharakah and wakalah bil ujrah contract of transactions for fisheries households in five subdistrict of Belitung region. The implication of this research to enhance the critical role of the Islamic financing model for fisheries households to increase the income of fisherman exchange rate in Belitung Regency
The Influence of Regulations, Religiosity and Literacy on willingness to pay for Zakat of Professional Civil Servants in the Ministry of Religion of East Java Province Fahrullah, A'rasy; Nikmah, Nur Ziyadatun; Robbani, Abdullah Azzam
Falah: Jurnal Ekonomi Syariah Vol. 9 No. 2 (2024): AUGUST
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jes.v9i2.34948

Abstract

This study aims to determine the effect of regulation, religiosity and zakat literacy on compliance to pay professional zakat of ASN Regional Office of the Ministry of Religion of East Java Province. This research uses a quantitative approach with non-probability sampling technique with purposive sampling method. Research data were taken from primary sources through direct distribution of questionnaires and through google form to respondents. The results of partial test through SPSS found that the regulation, religiosity and zakat literacy has a significant effect on the willingness of Apparatus to pay professional zakat. Further, the results of simultaneous test found that the variables of regulation, religiosity, and zakat literacy have a significant effect on compliance in paying professional zakat. This finding contributes to the development of a more comprehensive theory of zakat compliance, which combines psychological, spiritual, and institutional aspects to support zakat institutions’ performance.
Determinants of Islamic and Conventional Banking Insolvency Risk in Indonesia Fitriyatustany Fitriyatustany; Mohammad Iqbal Irfany; Tita Nursyamsiah
Falah: Jurnal Ekonomi Syariah Vol. 9 No. 2 (2024): AUGUST
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jes.v9i2.35116

Abstract

The insolvency risk has an important part in the development and sustainability of the banking industry. The fall in financial parameters due to the Covid-19 outbreak suggests that banks are at risk of insolvency. The study aims to detect and assess developments in insolvency risk in Islamic and conventional banking between 2018 and 2023. The methods used were Z-score, X-score, G-score, and panel data regression. The results indicate that internal factors, namely Loans to Assets at the Top Four Conventional Commercial Banks (BUK), Cost Income Ratio at BUK, Income Diversity, and Total Assets at Islamic Commercial Banks (BUS), have a significant negative effect on the Z-score value. External factors, namely Gross Domestic Product at BUS and BUK, have a substantial negative effect, and Interest Rates at BUK have a significant positive effect on the Z-score value. Islamic and conventional banking must preserve the bank's health by increasing capital, retaining factors important to the Z-score, and conducting additional research with more diversified variables and objects to improve efficiency and stability. A more thorough theoretical model for recognizing and controlling insolvency risk in both kinds of banking can be created using these insights. The article’s conclusions can help Indonesian banks create more effective risk management plans.