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INDONESIA
Ikonomika : Jurnal Ekonomi dan Bisnis Islam
ISSN : 25273434     EISSN : 25275143     DOI : -
Core Subject : Economy,
IKONOMIKA: focused on primary studies: Islamic management, Islamic finance, Islamic Accounting, Islamic banks, and halal markets, has initiated the development of global economic advantages. Islamic based economics could not be seen as independent variable standing on side-by-side with conventional economic system. Ikonomika Journal of Islamic Economics and Business is dedicated to provide an intellectual space of scholarly discussion how the Islamic economics able to create the new global formation of Islamic economics, business and similar issues.
Arjuna Subject : -
Articles 150 Documents
Determinant Analysis of The Role of Islamic Banking in Micro Small Medium Enterprises in The New Normal Period Rahmayati, Rahmayati; Mujiatun, Siti; Khairi, Fadhli bin Wan Mahmud
IKONOMIKA Vol 8, No 1 (2023)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/febi.v8i1.16563

Abstract

The purpose of this study was to identify and analyze the role of Islamic banking in MSMEs in the new normal period because Islamic banking is a financial intermediary institution that has a role in economic development and in this case the focus of research on MSMEs can drive economic activity. Problems in research due to this new normal period need to be studied whether MSMEs increase their income during the new normal period and whether Islamic banking has played a role. This research methodology was conducted using primary data obtained through a survey of 116 business actors engaged in the food business and other businesses located in the city of Medan. The results of this study indicate that MSMEs survive from their own capital in the form of assets and savings owned, even though the interest and desire of MSME actors is very dominant in wanting to transact to obtain assistance in the form of capital from Islamic banking, which is equal to 86%. 52.6% of MSMEs have capital problems in this new normal period. Thus it can be concluded that Islamic banking has not provided assistance to MSMEs in the new normal period and Islamic banking has the potential to increase its role as a financial intermediary institution in the future.
Examining Islamic Spiritual Motives on Online Transportation Business: The Case of Millennial Generation Mochlasin, Mochlasin; Puspita, Rosana Eri; Abdul Hamid, Nor 'Adha Binti
IKONOMIKA Vol 8, No 2 (2023)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/ijebi.v8i2.16840

Abstract

The transportation sector has contributed significantly to economic activities, especially after the development of digital technology. In the online transportation business, customer satisfaction is determined not only by the functional benefit factor but also by another role often overlooked by actors, namely emotional benefits in the form of spiritual motives. This research aims to analyze the influence of customer value on millennial customer satisfaction and the role of spiritual motives in the influence of customer value on millennial customer satisfaction. This study uses a quantitative approach with a population of all millennial customers on Go-Jek online transportation. Sampling used the convenience sampling method involving 250 millennial customers who live in the Special Province of Yogyakarta, Indonesia. The analysis used in this study is an analysis of variance to test the proposed hypothesis. The results showed that customer value affects customer satisfaction. In addition, the spiritual motive variable strengthens the influence of the customer value variable on customer satisfaction. The study's results recommend that to maintain customer loyalty, one should consider the factors that cause customer satisfaction: technology acceptance, trust, lifestyle, service ethics, and spiritual motives. 
The Influence of Knowledge of Zakat, Income Level and Trust in Muzakki's Interest in Paying Zakat on Agricultural Products through Baznas Kampar Regency Sastraningsih, Ellyan; Wahyuningsih, Eny; Ahmad, Rahayati
IKONOMIKA Vol 8, No 2 (2023)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/ijebi.v8i2.16976

Abstract

The reason for this thought is to find out the effect of zakat information, payment rate, and confidence on the interest of muzakki to pay zakat assets to Baznas Kampar Regency. This research was conducted in Kampar Regency. To analyze collected data, the SPSS application was utilized. A total of 98 primary data collected using a questionnaire with the Slovin sampling method. Respondents in this study were Muzakki who were affiliated with BAZNAS Kampar Regency. According to the study, knowledge about zakat has a significant impact on their willingness to pay zakat, income level has a significant impact on their willingness to pay zakat, and trust has a positive impact on their willingness to pay agricultural zakat.
Fiqih Economic in Virtual Currency Implementation Effendi, Kharisya Ayu; Latif, Sahraman D Hadji
IKONOMIKA Vol 8, No 2 (2023)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/febi.v8i2.17697

Abstract

Digital transactions are becoming very popular in the Islamic economic and financial industry. Therefore, it is very important to understand the provisions of economic fiqh so that Sharia principles are always actual and relevant to business changes and the demands of the times. This study aims to investigate fiqh in economic transactions using blockchain and metaverse technology. More in-depth research uses a case study design using qualitative methods that focus on implementing smart contracts and virtual currency in terms of economic fiqh studies. The findings reveal that the use of smart contracts and virtual currency is found to be able to replace the role of intermediaries in economic transactions. Thus eliminating the risk of fraud and cheating. Smart contracts can help ensure compliance with sharia and the use of virtual currency has an impact on economic fiqh, especially related to the legitimacy and halal use of the virtual currency itself. The expected implication is that to minimize risks and maximize benefits for the benefit of the people, the use of blockchain and metaverse technology in economic transactions requires further research and development efforts, as well as increasing public understanding of this technology from the perspective of economic fiqh.
Assessing The Awareness and Perceptions of Muslim Entrepreneurs on The Benefits of Islamic Microfinance in The Philippines Salic, Jawad Zacaria
IKONOMIKA Vol 9, No 1 (2024)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/ijebi.v9i1.17862

Abstract

Islamic banking is gaining popularity around the world as an alternative financial system that encourages ethical and socially responsible investing. The Muslim population in the Philippines accounts for a sizable share of the country's micro, small, and medium-sized enterprise (MSME) sector. However, due to a variety of problems, including a lack of understanding, limited access to Islamic Microfinance products, and insufficient regulatory frameworks, the adoption of Islamic financing among Muslim businesses remains low. The purpose of this study is to analyze Muslim entrepreneurs' awareness and perceptions of the benefits of Islamic Microfinance in the Philippines.A mixed-methods research strategy was used in the study, which combined quantitative and qualitative data collection methods. A survey questionnaire was distributed to selected Muslim entrepreneurs from diverse industries in the Philippines for the quantitative component. The poll measured their degree of awareness and understanding of Islamic finance, as well as their perceptions of the benefits of Islamic Microfinance and the factors that prevent them from utilizing Islamic Microfinance products. The qualitative component included in-depth interviews with selected respondents to acquire a better understanding of their experiences and perspectives on Islamic Microfinance.The study is important because it adds to the literature on Islamic Microfinance in the Philippines and has the potential to promote financial inclusion and economic development among Muslim communities. The study's findings shed light on the impediments to Islamic Microfinance adoption among Muslim entrepreneurs and influenced policy suggestions targeted at supporting the expansion of the Islamic finance industry in the Philippines. Furthermore, the conclusions of the study are applicable to other nations with considerable Muslim populations, particularly those with developing Islamic banking industry.The research's main outcome was a comprehensive investigation of Muslim entrepreneurs' awareness and attitudes of the benefits of Islamic finance in the Philippines. The study sought to provide empirical facts that may be used to inform the creation of policies and initiatives targeted at encouraging MSMEs in the country to use Islamic Microfinance products. Finally, the findings of the study contributed to the general growth and development of the Islamic finance industry in the Philippines, as well as to the promotion of financial inclusion and economic empowerment among Muslim communities.
The Analysis of Capacity Utilization Production as a Basis for Review Corporate Strategy According Islamic Economics Asyik, Noor; Subroto, Athor; Izni Shafie, Dalili
IKONOMIKA Vol 8, No 2 (2023)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/ijebi.v8i2.20011

Abstract

Capacity utilization is important in manufacturing strategies, especially in make-to-order manufacturing strategies. It is used to measure the best production achievements. The parameters for achieving the best production can be measured by reaching the break-even point, namely the point at which the costs are equal to income. In 2022 the capacity utilization production of PT XYZ which is a precast concrete industrial corporation in Indonesia is 73.40% and under the break-even point. Achieving utilization above the break-even point is a competitive advantage for the corporation. This research was conducted to examine the company's current strategy to provide suggestions for formulating corporate management strategies according to Islamic economics with the analysis of capacity utilization production. Meanwhile, the research sample was conducted and analyzed from 2015 to 2026. The method used in this research is quantitative descriptive research, analysis using different statistical tests to analyze capacity utilization, and qualitative descriptive analysis methods to observe corporate strategy. The analysis found that the capacity utilization level in 2016 and 2017 and the prognosis for 2023 exceeded the break-even point. However, from 2024 to 2026, the results of the capacity utilization level will be below the break-even point. So, it is necessary to consider strategy formulation to avoid losses. Some of the suggestions for formulating corporate strategies result are diversification of business unit strategies into the construction sector, corporate synergy, partnerships with strategic partners, and market penetration according to Islamic economics.
Optimizing The Role of ZISWAF in Empowering Community Economies: Challenges, Opportunities and Strategies for Increasing Public Awareness Ash-Shiddiqy, Muhammad; Sobirin, Mohamad; Ahalla Tsauro, Muhammad
IKONOMIKA Vol 10, No 1 (2025)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/ijebi.v10i1.20760

Abstract

This research aims to explore the role of Zakat, Infaq, Sadaqah, and Waqf (ZISWAF) as philanthropic instruments in promoting economic empowerment within communities. The study seeks to analyze the level of public awareness regarding the potential of ZISWAF to foster economic growth and improve community welfare. The study adopts a library research approach, synthesizing findings from existing literature related to the definition, concept, and implementation of ZISWAF across different contexts. By reviewing and analyzing these sources, the study evaluates the relationship between public awareness of ZISWAF and its impact on economic empowerment. The findings reveal that public awareness of ZISWAF plays a crucial role in determining the effectiveness of its impact on economic empowerment. A comprehensive understanding of ZISWAF is shown to be vital for its successful implementation. However, the research also highlights several challenges hindering its optimal use such as inadequate education on ZISWAF, regulatory barriers, and insufficient coordination among relevant stakeholders. These obstacles limit the potential of ZISWAF in fully contributing to economic empowerment. The study provides several recommendations for overcoming the challenges identified. It suggests strengthening educational initiatives to increase public knowledge about ZISWAF, encourage cross-sectoral collaboration between different organizations and sectors, and leverage technology to enhance the delivery and impact of ZISWAF initiatives. These measures aim to optimize the role of ZISWAF in supporting community economic empowerment and improving overall welfare. This research offers a significant contribution to the understanding of ZISWAF's potential as a philanthropic tool for economic empowerment. It highlights the importance of public awareness and proposes strategies to enhance the effectiveness of ZISWAF in promoting community welfare. The study’s findings serve as a valuable resource for policymakers, practitioners, and researchers aiming to optimize ZISWAF's impact on economic growth and community development.
Exploring Halal Awareness and Its Impact on Skincare Purchase Intentions: A Structural Equation Modelling Approach Vikaliana, Resista; Sukarno, Iwan; Raja Mohd Rasi, Raja Zuraidah
IKONOMIKA Vol 9, No 1 (2024)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/ijebi.v9i1.21091

Abstract

Indonesia, a nation with the highest number of Muslims, ranks second globally in terms of the consumption of halal cosmetics, following India. There is a growing worry about halal items. This study will examine the impact of halal awareness on intention to purchase skincare products. This study uses a Structural Equation Modelling technique using SMART PLS tools to analyze the factors driving purchase interest. These components include Religious beliefs, Self-identity, Halal Certification, and Halal Knowledge. The data collection in this study was conducted using a questionnaire, employing random sampling techniques to gather 57 samples. The findings of this study indicate that religion and self-identity do not substantially impact halal awareness. Conversely, the certification and understanding of halal practices substantially impact the awareness of halal products, including religious beliefs, self-identity, halal certification, and halal knowledge, which in turn has a major influence on the intention to acquire such products.
The Optimum Portfolio of Sharia Stocks in Indonesia Waluyo, Dwi Eko; Astuti, Sih Darmi; Goh, Gerald Guan Gan
IKONOMIKA Vol 8, No 2 (2023)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/ijebi.v8i2.21314

Abstract

This research investigates whether optimizing stock portfolios aligns with prudence in Sharia-compliant stock investment. It compares the portfolio optimization analysis between Sharia-compliant securities and the Jakarta Islamic Index. Each group is structured with its optimal portfolio composition to achieve the highest expected return for various possible risks. Two efficient frontiers are derived from both optimal portfolios. A slight intersection is found in the efficient frontier between these two portfolio groups, justifying that taking high risks in one group results in a low-risk choice in the other portfolio group. The Sharia-compliant investment is realized by choosing an optimal portfolio with low risk while still tolerating investment selections with higher risk, as long as they are aligned with Islamic principles. The findings of this optimal portfolio offer practical guidance for investment decisions and significantly contribute to advancing the field of Islamic finance and investment practices.
Compliance in The Micro, Small and Medium Enterprises (MSMEs) Taxes and Reviewed From an Islamic Perspective Kurniawan, Indra; Kuntadi, Cris; Izni Shafie, Dalili
IKONOMIKA Vol 8, No 2 (2023)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/ijebi.v8i2.21473

Abstract

Tax compliance is the government's goal to achieve the expected tax targets. To achieve this compliance, the government offers a low tax rate to encourage MSMEs to pay its tax debt. On the other hand, taxes are burdensome for MSMEs because they are government expenditures that are deducted from net income so taxpayers look for ways to reduce the taxes paid . This article reviews the influence of income turnover, self-assessment system also tax amnesty on taxpayer compliance with micro, small and medium enterprises , a study of tax accounting literature. Meanwhile From an Islamic perspective, each taxpayer has the responsibility to pay the taxes. The taxpayer compliance in Islamic perspective stated that governments permitted to take some of its citizen’s assets such the taxes. This can be seen in the Hadith recounted by Fatimah bint Qais and Q.S At-Taubah 29. This article aims to develop the hypothesis according connection among variables for further study. This research show several findings, there are: 1) Income Turnover influences Taxpayer Compliance ; 2) The Self Assessment System influences Taxpayer Compliance ; and 3) Tax Amnesty affects Taxpayer Compliance.