JournalTOCs

Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business)
Number of Followers: 0

This is an Open Access Journal

Open Access journal
ISSN (Print) 2442-6563 - ISSN (Online) 2527-3027
Published by Universitas Airlangga

[54 journals]

Back Matter
- Authors: Sylva Alif Rusmita
  Abstract: Back Matter
  PubDate: 2023-12-01
  DOI: 10.20473/jebis.v9i2.52108
  Issue No: Vol. 9, No. 2 (2023)
PUBLIC PREFERENCE FOR MICRO WAQF BANKS: AN EFFORT TO INCREASE COMMUNITY
BUSINESS
- Authors: arroyyan Ramly, Amrizal Hamsa
  Pages: 250 - 269
  Abstract: The Islamic financial literacy index in Aceh is still relatively low at 18.64% compared to the conventional financial literacy index. The purpose of this study is to analyze the level of preference of Acehnese people towards micro Waqf Banks. The presence of micro Waqf banks in Aceh seeks to improve the welfare of urban and rural communities. Quantitative method with multiple regression analysis techniques is used to study those variables. The source of data obtained is the primary source through distributing questionnaires to 100 respondents throughout Aceh. The variables used in this research are literacy index, preference, religiosity, and business motivation. The results indicate that the preference, religiosity, and business motivation have a positive and significant effect on Islamic financial literacy with the prob value. 0.00 < = 0.05. the coefficient of determination shows a value of 0.9900, or 99.00 % which means that all dependent variables have a significant effect on islamic financial literacy while the rest are influenced by other variables. Regarding the fact that Islamic financial literacy for micro waqf banks is 52% as well as the role of microwaqf banks support in increasing micro-scale businesses in the community, public preference for micro waqf banks is still low compared to Islamic banks. Therefore the implications of this research have a positive impact on the community and academics in suggesting to continue supporting the emerging of sharia-compliant businesses by utilizing micro waqf banks.
  PubDate: 2023-12-01
  DOI: 10.20473/jebis.v9i2.32973
  Issue No: Vol. 9, No. 2 (2023)
INVESTMENT DECISION OF DKI JAKARTA MILLENNIALS IN ISLAMIC PEER-TO-PEER
FINANCING DURING THE COVID-19 PANDEMIC
- Authors: Destiana Rahmawati Dewi, Laily Dwi Arsyianti
  Pages: 270 - 290
  Abstract: DKI Jakarta is the region with the highest proportion of internet users from the total population of each province on the island of Java, including in terms of the use of Financial Technology (FinTech). Islamic Peer-To-Peer Financing (IP2PF) is one type of FinTech that is an investment choice for millennials, but Islamic FinTech users from the investor side are still very few, especially during the COVID-19 pandemic. This research aims to find out the factors that influence the investment decisions of DKI Jakarta millennials in IP2PF during the COVID-19 pandemic through a sample of 100 DKI Jakarta millennial investors. The methods used are descriptive analysis and binary logistic regression with IBM SPSS Statistics 22 software tools. The results showed that during the COVID-19 pandemic, Islamic financial literacy, IP2PF knowledge, trust, social environment, gender, and income had a significant positive effect on investment decisions in IP2PF. Therefore, the IP2PF should closely build engagement to their customers, enlarge literacy coverage in supported by government to build the ecosystem.
  PubDate: 2023-12-01
  DOI: 10.20473/jebis.v9i2.34072
  Issue No: Vol. 9, No. 2 (2023)
THE URGENCE OF MONEY WAKF IN IMPROVING THE COMMUNITY'S ECONOMY
- Authors: Endang Purwaningsih, Basrowi Basrowi
  Pages: 291 - 315
  Abstract: The aim of this research is to describe the role of cash waqf in improving the community's economy and the country's economic growth. The method used is by literature research with a content analysis approach. The research results show that the management/cash waqf management system found is still inadequate, thus hampering the realization of cash waqf by the community. However, if cash waqf is collected, it will become a new instrument for the government to boost the economy, especially in the post-pandemic period. The managerial implication is that there is a need to educate the public about the function of cash waqf and train nazir to be able to manage waqf using technology. The realization of appropriate waqf funds will ultimately increase the level of wakif trust in transparent and accountable waqf management.
  PubDate: 2023-12-01
  DOI: 10.20473/jebis.v9i2.37708
  Issue No: Vol. 9, No. 2 (2023)
APPRAISAL OF THE EMPOWERMENT AND TRAINING PROGRAM IN ACHIEVEING ZAKAT AMIL
PERFORMANCE THROUGH ISLAMIC JOB SATISFACTION
- Authors: Asma Munifatussaidah, Ari Prasetyo
  Pages: 316 - 338
  Abstract: Empowerment and training program become a new technique that makes employees proactive in improving their performance. Thus, this research purpose to observe the appraisal of the Employee Empowerment and Training programs of zakat in achieving Employee zakat (Amil) Performance by mediating Islamic Job Satisfaction at the Zakat Institution (LAZNAS) in Central Java. This research used quantitative method with a survey approach. The research sample was 180 Amil at 12 LAZNAS in Central Java, who served in the collection, distribution, and utilization of zakat with a minimum service period of two years, and had received training about zakat management. The research sample was selected through the purposive sampling technique and analyzed with the Partial Least Square (SEM-PLS). The research findings indicate that the variables Employee Empowerment and Training programs have an effect toward Islamic Job Satisfaction. Then there is the direct and indirect effect of the Training programs toward the AmilPerformance at the Zakat Institution (LAZNAS) in Central Java with the mediation of Islamic Job Satisfaction. Meanwhile, for the effect of the Employee Empowerment toward Amil Performance, there is no significant in direct effect. However, there is an indirect effect of the Employee Empowerment toward Amil Performance at the Zakat Institution (LAZNAS) in Central Java with the mediating Islamic Job Satisfaction. This research was expected to be of particular concern to zakat institutions, especially in the human resources section to help provide information regarding the importance of empowering and training program for Amil performance in Zakat Institutions (LAZNAS) to improve collecting, distributing and utilizing zakat.
  PubDate: 2023-12-01
  DOI: 10.20473/jebis.v9i2.42888
  Issue No: Vol. 9, No. 2 (2023)
NON BANK SHARIA HOUSING DECISION SEGMENT: HALAL FRIENDLY ENVIRONMENTAL
EFFECTS AS MODERATION
- Authors: Erike Anggraeni, Khavid Normasyhuri, Tri Atmaja Pramudita Wisnu Kusuma, Siti Nurohmah
  Pages: 339 - 372
  Abstract: Introduction: The study conducted by researchers aimed to examine the correlation between pricing and digital marketing, as well as the impact of a halal-friendly atmosphere on the robustness of non-bank sharia-based property purchasing choices. Methods: The research methodology used in this study is quantitative, using the software SmartPLS 3.0. The collection of primary data was conducted by sampling respondents, namely non-bank sharia housing customers, via the purposive sampling method. A total of 500 samples were used for the study. The data was obtained via the use of Google Form, with the indicator assessment being conducted using a Likert Scale. Results: The study findings indicate a favorable correlation between pricing and digital marketing in connection to the decision-making process for purchasing non-bank sharia property. The establishment of a halal-compliant setting enhances the correlation between pricing and digital marketing in the context of consumer choices about non-bank sharia-compliant housing. Conclusion and suggestion: The objective of this study is to identify market opportunities and offer guidance to sharia housing developers in developing innovative housing concepts that align with market demands. Additionally, the study aims to enhance developers' understanding of and ability to respond to the needs and preferences of buyers seeking a halal-friendly living environment.
  PubDate: 2023-12-01
  DOI: 10.20473/jebis.v9i2.43974
  Issue No: Vol. 9, No. 2 (2023)
PUBLIC PERCEPTION OF AMIL ZAKAT INSTITUTIONS IN INDONESIA: INSIGHT
DISCOVERY FROM MACHINE LEARNING
- Authors: Yan Putra Timur, Ririn Tri Ratnasari, Anwar Allah Pitchay, Usman Jamilu
  Pages: 373 - 400
  Abstract: Introduction: This study aims to identify the most popular topics and words in conversations on Twitter with the topic of Amil Zakat in Indonesia. This research also aims to identify the sentiments and emotions of netizens about the Amil Zakat in Indonesia. Method: This study uses a qualitative method with a sentiment analysis approach with the help of Orange Data Mining. The data used are tweets from Twitter taken from 16 to 23 April 2023. Researchers used the keywords "Amil Zakat" "Lembaga Zakat" and "Lembaga Amil Zakat" to get a total of 1,000 tweets. Result: The results of the study show that the words "Zakat" "Badan" and "Nasional" are the three words that appear most often in discussions of Amil Zakat institutions on Twitter. These three words refer to the BAZNAS, where based on the metadata processed in this study, many people, individuals, and institutions distribute their zakat through BAZNAS. Conclusion and suggestion: Overall, Twitter is dominated by tweets with neutral sentiments, shown by happy emotions, as much as 93.51% of the total tweets. Amil Zakat can increase the intensity of communication through social media especially regarding solicitations for the community, as well as achieving the collection and distribution of zakat funds as a form of information disclosure to the public.
  PubDate: 2023-12-01
  DOI: 10.20473/jebis.v9i2.45416
  Issue No: Vol. 9, No. 2 (2023)
DOES THE COMMUNITY'S PERSPECTIVE ENCOURAGE CUSTOMERS TO TAKE FINANCING
PRODUCTS AT SHARIA BANK'
- Authors: Syahriyatul Muharromah, Nurul Huda, Muslikh Muslikh, Nova Rini
  Pages: 401 - 428
  Abstract: This study aims to determine community interest in financing products at Islamic banks with a modified Theory Planned Behavior (TPB) approach. These modified TPB variables consist of knowledge, religiosity, attitudes, subjective norms and behavioural control. This research was conducted in Jakarta. Islamic banks located in the Jakarta area are the object of this research, and the sample is 130 respondents. The quantitative method with the Partial Least Square (PLS) analysis model approach with SmartPLS 2.0 software is the method used in this study. The variables of knowledge, religiosity, attitudes, subjective norms and behavioural control are exogenous, while the intervening variable is community interest, and the endogenous variable is financing decisions. The variables of knowledge, religiosity, attitudes, subjective norms and behavioral control, which have a direct positive and significant effect on the community's interest in using Islamic bank financing products, are the results of this study. Knowledge, Attitude and behavioural control directly and significantly positive affect the community's decisions to choose financing products in Islamic banks. The higher people's knowledge, Attitude and behavioural control, the higher the financing decision becomes the implications of this research result. Religiosity and subjective norms significantly negatively affect the decision to choose financing products in Islamic banks. In addition, community interest also has a positive and significant effect on financing decisions. This means that, community interest can significantly mediate knowledge, religiosity, subjective norms, attitudes, and behavioral control influence financing decisions. Based on the research results, Indonesian Islamic Banks can develop business by emphasizing the religiosity side to inspire people to prefer financing of Islamic banks over conventional banks. Furthermore, Bank Syariah Indonesia should use social-environmental reference factors like friends, family, neighbors and religious figures
  PubDate: 2023-12-01
  DOI: 10.20473/jebis.v9i2.47143
  Issue No: Vol. 9, No. 2 (2023)
DETERMINANT OF CUSTOMER LOYALTY FOR BANK SYARIAH INDONESIA AFTER M&A
ACTIVITY BASED ON CONFIRMATORY FACTOR ANALYSIS
- Authors: M. Fariz Fadillah Mardianto, Eko Fajar Cahyono, Anggara Teguh Previan, Eka Rani Fitrianingsih, Muhammad Hafid Fauzan
  Pages: 429– - 429–
  Abstract: Introduction: The government of Indonesia consolidated three state-owned Islamic banks to become Bank Syariah Indonesia. Customer loyalty is affected by merger operations. The goal of this study was to look at how operational integration variables, information technology integration, bank location, service quality, bank human resource quality, and product quality affected customer loyalty at BSI's predecessor banks (Bank Syariah Mandiri, BNI Syariah and BRI Syariah). Methods: Primary data was collected using a questionnaire tool. Confirmatory Factor Analysis was employed as the analytical method. Results: Consumer loyalty to BSI post the merger is influenced by a number of variable aspects, according to the study's findings. All operational integration variables, IT integration, bank location, service quality, HR quality, and product quality have a major effect on BSI customer loyalty, but the operational integration variables, IT integration, and product quality have the most significance. Conclusion and suggestion: BSI perform operational integration, fast and good IT integration, and has better product quality than before the merger, the most influencing factor for customers to be loyal to BSI is when BSI performs operational integration, fast and good IT integration, and has better product quality than before the merger.
  PubDate: 2023-12-01
  DOI: 10.20473/jebis.v9i2.48051
  Issue No: Vol. 9, No. 2 (2023)
RAISING COMMUNITY AWARENESS OF HALAL PRODUCT CONSUMPTION AND HALAL
LIFESTYLE: A TRIPLE HELIX MODEL
- Authors: Dien Mardhiyah, Imron Mawardi, Tika Widiastuti, Muhammad Ubaidillah Al Mustofa, Syahidah Abdullah, Rizky Amalia Sinulingga, Errin Dwi Saptowati
  Pages: 463– - 463–
  Abstract: This study formulates a triple helix model for increasing community awareness of halal product consumption and lifestyle. It is essential to increase halal awareness not only as a form of religious obedience but also to provide consumers protection, improve product quality, encourage product innovation, and fulfil international standards. This qualitative study constructs a Triple Helix model using a descriptive analysis technique and the Inputs, Activities, Outputs, Outcomes, and Impact (IAOOI) Approach. The findings indicate that the government is crucial in answering the research question. The government is expected to provide optimal support for creating such an environment through laws, regulations, infrastructure development, and other methods. Academicians are responsible for conducting scientific research in the halal industry and social programs and disseminating their findings to the general public. Practitioners in the halal industry can participate in community-based events to increase public awareness of halal products and lifestyles. This research contributes to developing relevant policies for related stakeholders to increase community awareness of halal product consumption and lifestyle.
  PubDate: 2023-12-01
  DOI: 10.20473/jebis.v9i2.48403
  Issue No: Vol. 9, No. 2 (2023)
THE DETERMINANT FACTOR OF CROWDFUNDERS' BEHAVIOUR IN USING CROWDFUNDING
WAQF MODEL: CASE STUDY IN GENERATION Z MUHAMMADIYAH
- Authors: Hendri Sayuti, Syamsurizal, Annisa Masruri Zaimsyah, Masrizal
  Pages: 483– - 483–
  Abstract: Introduction: The potential of Waqf is vast in Indonesia but has yet to be optimized. This paper offers a model for waqf institutions to adopt financial technology to develop Waqf for Muhammadiyah organizations. Later, the Crowdfunding waqf model (CWM) was validated by adopting the technology acceptance model (TAM) theory. Methods: This research adopts a structural equation using the partial least square approach to test the hypothesis. Based on purposive sampling, 568 questionnaires were distributed through an online survey to Generation Z Muhammadiyah. Results: Based on the findings, the Crowdfunding waqf model's perceived benefits and ease of use positively impact waqf institution trust and crowdfunder or donor behavioral intention. Furthermore, the results also found that literacy and religiosity significantly positively affect crowdfunding behavioral intentions in Waqf. Conclusion and suggestion: The results of this study provide a comprehensive perspective for policymakers, especially Muhammadiyah organizations, to improve quality by adopting crowdfunding financial technology in raising waqf funds. Finally, this paper offers additional literature on Waqf and Crowdfunding, particularly in the context of religious organizations.
  PubDate: 2023-12-01
  DOI: 10.20473/jebis.v9i2.49413
  Issue No: Vol. 9, No. 2 (2023)