ILTIZAM Journal of Shariah Economics Research
Journal title : ILTIZAM Journal of Sharia Economics Research Initials : ILTIZAM Frequency : 2 issues per year (June and December) DOI : Prefix 10.30631 Online ISSN : 2598-2540 Editor in Chief : Sri Rahma, ME |Google Scholar|Sinta ID| Publisher : Prodi Ekonomi Syariah UIN Sulthan Thaha Managing Director : Achyat Budianto, SE,ME, Publisher : Prodi Ekonomi Syariah UIN Sulthan Thaha Citation Analysis : Moraref | Index Copernicus| Sinta | Garuda|Google Scholar Iltizam Journal of Shariah Economic Research (E-ISSN:2598-2540 P-ISSN:2598-2222) is the journal that publishing the research result in the area of sharia economic, namely sharia banking and financing, micro and macroeconomy, and the issues of regional development that studied by sharia economic perspective. Iltizam cordially invites the academician, researchers, and others to submit their research article that in line with our focus and scope Iltizam Journal of Shariah Economic Research encompasses research articles, original research report, reviews, and scientific commentaries in the field of economics and Islamic business, including Islamic Economics, Islamic Business, Islamic banking, Islamic capital markets, Islamic wealth management, Issues on shariah implementation/practices of Islamic banking, Zakat, and awqaf, Takaful, Islamic Corporate Finance, Shariah-compliant risk management, Islamic derivatives, Issues of Shari`ah Supervisory Boards, Islamic business ethics, Islamic Accounting, Islamic Auditing. Iltizam Journal of Shariah Economic Research DOI prefix : 10.30631
Islamic Economics Department, Faculty of Islamic Economics and Business, UIN SULTHAN THAHA SAIFUDDIN JAMBI
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PENGARUH LITERASI KEUANGAN DAN PENETRASI INTERNET TERHADAP INKLUSI KEUANGAN SYARIAH DI INDONESIA (2021 - 2025)
This study aims to analyze the effect of financial literacy and internet penetration on Islamic financial inclusion in Indonesia during the period 2021–2025. The increasing use of digital technology and the development of the Islamic financial industry necessitate a deeper understanding of the factors that influence the affordability and use of Islamic financial products by the public. This study uses a quantitative approach with secondary data obtained from official publications of the Financial Services Authority (OJK), Bank Indonesia, and the Central Statistics Agency (BPS). The analysis was conducted using a multiple linear regression model to test the significance of the independent variables' influence on the dependent variable. The results show that financial literacy has a positive and significant effect on Islamic financial inclusion, particularly through increasing public understanding of Islamic financial principles and the benefits of Islamic products in financial management. In addition, internet penetration has also been proven to have a positive and significant effect, given that the digitization of Islamic financial services such as mobile banking, Islamic fintech, and halal e-wallets facilitates public access to financial products and services. These findings confirm that the synergy between improving financial literacy and expanding digital infrastructure is very important in expanding Islamic financial inclusion in Indonesia. This study is expected to contribute to policymakers, Islamic financial institutions, and digital industry players in formulating effective and sustainable strategies to increase financial inclusion.
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Digitalization of Halal Markets and Sharia E-Comme
This study aims to reassess sharia compliance and ethical consumerism in the process of halal market digitalization and the development of sharia e-commerce in Indonesia amid the era of technological disruption. The approach used is normative-fiqh combined with a comparative analysis between fiqh muamalah provisions, DSN-MUI fatwas, and Financial Services Authority (OJK) regulations, with empirical case studies on three main platforms: Tokopedia Salam, Halal.id, and Alami Sharia. The results of the study show a gap between Sharia legal norms and actual practices in the digital space, particularly in terms of electronic contracts, the potential for gharar, riba, and tadlis. DSN-MUI fatwas have provided a legal basis for digital financial innovation, but their implementation has not been integrated with a digital Sharia audit system that is adaptive to technological developments such as smart contracts and AI-based verification. Empirically, Tokopedia Salam excels in market inclusion but is weak in halal verification, Halal.id excels in product transparency but has the potential for usury in its payment system, while Alami Sharia demonstrates the strongest sharia compliance model through DSN supervision and the application of mudharabah contracts. Theoretically, this research contributes to the development of a conceptual model of the Digital Sharia Governance Framework that integrates the principles of maqasid al-syariah with digital economic governance. The practical implications encourage policy harmonization between DSN-MUI, OJK, and BPJPH to form an inclusive, transparent, and equitable digital halal ecosystem in accordance with Islamic values.
FAKTOR PERSONALITY ATAU LINGKUNGAN STUDI KOMPARASI TERHADAP NIAT PEMBELIAN ULANG PRODUK GREEN BEAUTY DI KABUPATEN ROKAN HULU
This study aims to analyze and compare the influence of personality factors and environmental factors on repurchase intention of green beauty products in Rokan Hulu Regency. The research background is based on the growing public awareness of eco-friendly products, although challenges remain in encouraging repurchase, particularly in developing regions. A quantitative approach was employed with purposive sampling, involving consumers who had purchased and used green beauty products. Data were analyzed using Structural Equation Modeling (SEM) with validity, reliability, and hypothesis testing. The results indicate that both personality and environmental factors significantly affect repurchase intention. However, environmental factors (O = 0.386; T = 6.704; p = 0.000) exert a more dominant influence compared to personality factors (O = 0.244; T = 3.852; p = 0.000). This finding emphasizes that social norms, peer and family influence, as well as environmental awareness play a stronger role in determining repurchase decisions than individual characteristics. The R-square value of 0.302 suggests that the model explains 30.2% of the variance in repurchase intention, while the remaining variance is influenced by factors outside the model. The study concludes that green beauty marketing strategies in Rokan Hulu should focus more on strengthening social norms, community engagement, and environmental-based campaigns to enhance consumer loyalty. The practical implication is that companies should leverage the power of social environment, supported by personality-based segmentation, to sustain repurchase of eco-friendly products.
Pengaruh Jumlah Penduduk, Tingkat Pengangguran dan Indeks Pembangunan Manusia Berdasarkan Nilai Maqashid Syariah Terhadap Kemiskinan di Provinsi Jambi Tahun 2019–2023
Poverty remains a pressing and complex social challenge that requires diligent attention and strategic intervention from both regional and central governments, as its presence can trigger a cascade of societal problems. Numerous interrelated factors contribute to poverty, including population growth, the prevalence of unemployment, and the Human Development Index (HDI), which serves as a comprehensive indicator of a community’s overall well-being, education, and standard of living. This study seeks to examine and illuminate the intricate ways in which population size, unemployment rate, and HDI collectively shape and influence poverty levels in Jambi Province. Employing a rigorous quantitative research design, the study draws upon secondary data meticulously compiled by the Central Statistics Agency (BPS) for the period spanning 2019 to 2023. To uncover the nuanced dynamics and causal relationships among these socioeconomic variables, the analysis is conducted using panel data regression, specifically through the Fixed Effect Model (FEM), offering valuable insights into the multifaceted nature of poverty in the region.
Pengaruh Penerapan Good Corporate Governance Return On Asset Dan Ukuran Perusahaan Terhadap Nilai Perusahaan(Studi Longitudinal Pada Perusahaan Asuransi Syariah Yang Terdaftar Di Bursa Efek Indonesia)
ABSTRACT This study aims to examine and substantiate, through empirical evaluation, the ramifications of Good Corporate Governance (GCG) enactment, Return on Assets (ROA), and organizational magnitude upon the valuation of enterprises within the Islamic insurance domain. The investigatory locus encompasses sharia-compliant insurers—comprising general takaful entities, re-takaful institutions, and wholly sharia-oriented corporations—authorized under the auspices of the Financial Services Authority (OJK). Conceptually, GCG is construed as an integrated managerial framework purposed to augment stakeholder equity, pivoting upon two cardinal doctrines: (1) the prerogative of proprietors to access lucid and verifiable disclosures, and (2) the corporate imperative to furnish accurate, timely, and transparent reporting. Methodologically, this study adopts a quantitative paradigm employing multiple linear regression analysis via the SPSS v26 analytical suite. The investigational cohort was delineated through a purposive sampling strategy, sourced from a census of 32 OJK-registered sharia insurance institutions listed on the official portals of the OJK and the Indonesia Stock Exchange, culminating in a representative subset of four firms. Empirical outcomes elucidate that GCG implementation exerts a statistically significant inverse influence on enterprise valuation. Conversely, ROA manifests a positive and significant association with firm worth, while organizational scale reveals a significant negative correlation. In light of these deductions, it is posited that sharia insurance operators ought to fortify their corporate valuation by advancing GCG enactment synergistically with optimized ROA performance, while strategically calibrating institutional size for value maximization. Keywords: Good Corporate Governance, Return On Assets, Company Size and Company Value
THE POTENTIAL OF LOCAL WISDOM AS A PILLAR OF SHARIA-BASED ECONOMY IN JAMBI PROVINCE
This study aims to explore the potential of local wisdom in Jambi Province in supporting the development of a sharia-based economy. Employing a qualitative-descriptive approach and field data, the research finds that local values such as gotong royong (mutual cooperation), musyawarah (deliberation), and traditional trading ethics embody principles aligned with Islamic economic teachings. These cultural values not only reflect social norms but also serve as a foundation for an ethical and sustainable economic system. Therefore, integrating local wisdom into sharia economic policy is essential for the contextual success of the Islamic economic framework.
Peran Mediasi MargPeran Mediasi Margin Laba Bersih pada Faktor Internal terhadap Rentabilitas Perusahaan Sektor Teknologi yang Terdaftar di BEI Tahun 2021-2024 in Laba Bersih pada Faktor Internal terhadap Rentabilitas Perusahaan Sektor Teknologi yang Terdaftar di BEI Tahun 2021-2024
This inquiry examines the repercussions of Working Capital Turnover, Activity, Liquidity, and Inventory Turnover on Profitability, positioning Net Profit Margin as a mediator within technology enterprises listed on the Indonesia Stock Exchange (2021–2024). A quantitative framework was employed on secondary data sourced from the IDX portal utilizing multiple linear regression and path analysis. Pivotal outcomes elucidate: (1) Partially, Working Capital Turnover manifests no significant bearing on Net Profit Margin or Profitability; Activity exerts a substantially adverse effect on Net Profit Margin yet remains neutral toward Profitability; Liquidity demonstrates significantly positive associations with both variables; Inventory Turnover exhibits markedly negative impacts on Net Profit Margin and Profitability; whereas Net Profit Margin itself evinces no correlation with Profitability; (2) Path analysis discloses Net Profit Margin's efficacious mediation between Working Capital Turnover and Profitability, yet identifies its ineffectiveness in mediating the influences of Activity, Liquidity, and Inventory Turnover upon Profitability.
Pengaruh Keterbukaan Perdagangan dan IPM terhadap Pertumbuhan Ekonomi di Provinsi Jambi Periode 2014-2023 Dalam Tinjauan Maqashid Syariah
This study aims to achieve two main objectives: (1) to examine both the partial and simultaneous effects of International Trade (Trade Openness) and the Human Development Index (HDI) on Economic Growth in Jambi Province during the period 2014–2023, and (2) to analyze Economic Growth, International Trade, and HDI from the perspective of Maqashid Sharia. This research adopts a quantitative approach using secondary time series data from 2014 to 2023, obtained from the official website of the Central Statistics Agency (BPS) of Jambi Province and other sources relevant to the research variables. The analytical method employed is multiple linear regression, supported by descriptive statistics and classical assumption tests. Data processing was conducted using EViews 12 software. The findings reveal that, simultaneously (based on the F-test), Trade Openness and HDI have a significant impact on Economic Growth in Jambi Province. In partial testing (t-test), Trade Openness shows a significant positive influence on economic growth, whereas HDI has a negative and statistically insignificant effect. From the perspective of Maqashid Sharia, Jambi Province is considered to have made notable progress in fulfilling the essential needs of its population. This is supported by data on economic growth as well as key indicators such as international trade performance and improvements in human quality, all of which align with Islamic principles
Pengaruh TAT0, Firm Size, ROE dan NPM Terhadap Pertumbuhan Laba Pada Sektor Industri 2020–2024
This study aims to examine the effect of Total Assets Turnover (TATO), Firm Size, Return On Equity (ROE), and Net Profit Margin (NPM) on Profit Growth in industrial sector companies on the Indonesia Stock Exchange (IDX) for the period 2020-2024. Using secondary data from annual financial reports with a sample off 100 observations from 67 companies after purposive sampling. The analysis methods includes descriptive statistics, classical assumption tests, and multiple linear regression through SPSS 27. Where the results of the study show that ROE has a significant positive effect on profit growth, while TATO, Firm Size, and NPM are not significant, although all four variables simultaneously have a significant impact. These findings indicate ROE as a key factor in increasing profitability that emphasizes the importance of equity management, while asset efficiency TATO and NPM have a smaller effect, thus providing practical implications for management and investors that optimizing shareholder equity has a greater impact than focusing on operational efficiency or margin expansion, while contributing to the corporate finance literature by identifying determinants of financial performance specific to industries in emerging markets.
The Effect Of Economic Growth And Human Development Index On Social Conflicts In Jambi Province From 2010 To 2024
This study aimed to: (1) Analyze that the Economic Growth’s has a positive and significant effect on social conflicts in Jambi Province (2) Analyze that the Human Development Index (HDI) has a positive and significant effect on social conflicts in Jambi Province. (3) Know that which factors are the most dominant influencing on social conflicts in Jambi Province.The results showed that simultaneously the Economic Growth’s and The Human Development Index had a positive and significant effect on social conflicts in Jambi Province between 2010 and 2024. Partially the economic growth’s did not have a significant positive effect on social conflicts in Jambi Province. While the Human Development Index (HDI) had a positive and significant effect on social conflicts in Jambi Province. The dominant influencing factor was the Human Development Index (HDI).
Pengaruh E-Commerce dan QRIS Terhadap Pendapatan UMKM Berbasis E-digital di Kota Jambi
This study aims to analyze the influence of e-commerce and QRIS usage on the income of digital-based Micro, Small, and Medium Enterprises (MSMEs) in Jambi City. Using a descriptive quantitative approach, the research involved 150 respondents randomly selected from the population of digital-based MSMEs in Jambi City. Data were collected through questionnaires and analyzed using multiple linear regression. The results indicate that, both partially and simultaneously, e-commerce and QRIS have no significant effect on the income of digital-based MSMEs. The coefficient of determination (R²) reveals that only 1.4% of the variation in MSME income can be explained by these two variables. These findings suggest that the adoption of e-commerce and QRIS among MSMEs in Jambi City is not yet optimal, with major challenges including low digital literacy, limited technological access, and restricted utilization of features. The study highlights the need for intensive training and improved digital infrastructure to support MSME digital transformation, enabling them to maximize the potential of e-commerce and QRIS in increasing income.
When Reviews Matter More: Exploring the Influence of Online Customer Reviews and Brand Awareness on Purchase Intention
Online food delivery is the main choice of Indonesians, along with lifestyle changes that prioritize comfort, convenience, and time efficiency. This study aims to analyze the effect of online customer reviews and brand awareness on consumer purchase intention, especially on Gacoan Noodle products sold through the ShopeeFood application. Data was mainly collected by using a quantitative approach, data was distributed to consumers who have bought Mie Gacoan product form questionnaire. The analysis method used is Structural Equation Modeling (SEM) with the help of SmartPLS software. The results showed that online customer reviews have a significant influence on the purchase intention of Gacoan Noodle consumers on ShopeeFood in Malang City. Conversely, although brand awareness plays an important role in brand recognition, its effect on purchase intention is not partially significant. However, simultaneously, these two independent variables can explain most of the variation in the purchase intention of Gacoan Noodle consumers on the ShopeeFood application in Malang City.
ANALISIS RASIO PROFITABILITAS PADA PERUSAHAAN DAGANG YANG TERDAFTAR DI INDEKS SAHAM SYARIAH INDONESIA TAHUN 2019-2023
The aim of this research is to find out how the Current Ratio, Debt to Equity Ratio, and Total Asset Turnover influence Return on Assets partially and simultaneously. This research uses a quantitative approach. The purposive sampling method, which means samples are selected based on certain standards, is used in the sample selection process. Financial data of trading companies listed on the Indonesian Sharia Stock Index is used in the financial reports studied for the 2019-2023 period. The type of data used is panel data. To analyze this data, panel data regression, classical assumption tests (such as normality, multicollinearity, heteroscedasticity and autocorrelation), hypothesis tests (such as t and F tests), and coefficient of determination are used. The research results show that Total Asset Turnover has a significant effect on Return On Assets, but the Current Ratio and Debt to Equity Ratio have no partial effect on Return On Assets
Analisis Efektivitas Pemanfaatan Dana Zakat Bangun Sejahtera Indonesia (BSI) Maslahat Terhadap Program BSI Scholarship Di Universitas Jambi
ABSTRACT In the history of the development of Islam, zakat has become the main source of funding for the government and plays a very important role in eradicating poverty, spreading Islam, developing education and culture, developing science, infrastructure, financing and building the military, and providing security and other social services. BSI Maslahat has various programs to distribute zakat funds, one of which is the BSI Scholarship Program. This program aims to provide educational assistance to students and students who are underprivileged but have high academic potential. The purpose of this study is to determine and analyze the effectiveness of the use of BSI maslahat zakat funds for the BSI scholarship program at the University of Jambi. The research method used is a qualitative-quantitative approach with descriptive analysis, which involves data collection through interviews, surveys, and documentation. The results of the study indicate that the use of zakat funds through the BSI Scholarship program has been effectively given to students who need to pay for education. The community sees this program as a form of BSI's commitment to supporting education and human resource development. The conclusion of this study confirms that a planned and directed program at BSI Maslahat, such as the BSI Scholarship, can be a strategic tool in building good education for students. Therefore, it is recommended that BSI continue to develop relevant and impactful BSI Scholarship programs, and conduct periodic evaluations to ensure their sustainability and effectiveness.
Assessing the Family Hope Program's (PKH) Impact on Community Welfare through the CIBEST Method
This study analyzes the effectiveness of the Family Hope Program (PKH) in improving community welfare in Bragung Village, Sumenep District, through a holistic approach that combines material and spiritual aspects using the CIBEST model. Using a descriptive qualitative method, data was collected through participatory observation, in-depth interviews with 30 beneficiary families, and a study of official documents. The CIBEST model was applied to assess welfare through four dimensions: material-spiritual welfare, material poverty, spiritual poverty and absolute poverty. The research findings show that PKH succeeded in significantly improving welfare. The Welfare Index (W) increased from 0.267 to 0.8 (200%), while the Spiritual (Ps) and Absolute (Pa) Poverty Indices were eliminated. However, the Material Poverty Index (Pm) only fell by 25%, indicating the need to strengthen the economic aspects of the program. Theoretically, this research makes an innovative contribution by adapting the CIBEST model - originally for zakat programs - into a social policy evaluation instrument. This approach offers a new perspective in measuring well-being that is more comprehensive by integrating the spiritual dimension. The findings recommend: (1) strengthening community-based economic assistance programs, (2) improving synergies between social assistance programs, and (3) developing a monitoring system based on holistic indicators to ensure the sustainability of community welfare improvements.
Pengelolaan Bantuan Langsung Tunai Dana Desa Kecamatan Tebo Tengah Kabupaten Tebo
The COVID-19 pandemic has spread throughout the world and significantly impacted the people’s economy. The government initiated a village fund direct cash assistance (BLT-DD) program to help poor rural communities affected by COVID-19. Transparency in The planning, distribution, and reporting of this program is urgently needed. In addition, accountability must be carried out clearly so that there is no misappropriation or embezzlement of funds. This study aims to analyze the effect of transparency and accountability on the management of Village Fund Direct Cash Assistance. This study uses primary data obtained from the direct distribution of questionnaires. The method used in this study is quantitative and uses multiple linear regression analysis. Respondents in this study were village officials and aid recipients in Bedaro Rampak Village, totaling 32 people. The result of this study indicates that the transparency variable has a significant and positive effect on the BLT-DD management variable. The accountability variable also has a significant and positive effect on the BLT-DD management variable. The results of the t-count value of 12.557 and the t-table value of 3.327 indicate that transparency and accountability have an effect on the management of the BLT village fund in Bedaro Rampak Village, Tebo Centre District.
Analisis Pengaruh Pertumbuhan Ekonomi, Rasio Beban Ketergantungan Penduduk dan IPM TerhadapKetimpangan Pendapatan di SumbagselPerspektif Ekonomi Islam
From an Islamic economics vantage point, this research intends to examine the impact of population dependence ratio, economic development, and the Human Development Index (HDI) on income disparity in Sumbagsel, a region in southern Sumatra. Panel data from six Sumbagsel provinces spanning 2015–2024 form the basis of this study. The data was analyzed with the help of EViews 12. Income inequality is positively and significantly affected by the dependence ratio, and negatively and significantly by the HDI, according to the data. At the same time, there is no discernible impact from economic expansion. With a combined F-statistic likelihood value of 0.0000, all three factors were determined to significantly impact income inequality. These findings suggest that improving the quality of human development can help reduce inequality, whereas a high dependency ratio tends to widen it. From the Islamic economic perspective, equitable development through the enhancement of human resources and fair distribution is a core principle in promoting just and sustainable growth. Keywords: Income Inequality, Economic Growth, Dependency Ratio, HDI, Islamic Economics
Pengaruh ESG Disclosure, Retention Ratio, dan Likuiditas pada Nilai Perusahaan: Peran Moderasi Ukuran Perusahaan di Sektor Infrastruktur (2021–2023)
This study analyzes the efect of ESG Disclosure, Retention Ratio, and Liquidity on Firm Value, with Firm Size as a moderator, in Indonesian infrastructure companies (2021-2023). Using 109 observations. Results show ESG Disclosure and Liquidity negatively affect firm value, while Retention Ratio has no significant effect. Firm Size moderates the ESG Disclosure on firm value link but not the others. These findings highlight the importance of ESG and liquidity management, with firm size influencing only ESG's effect, contributing to stakeholder and signaling theories in firm valuation.
Productive Zakat Management in Empowering Micro Business for Poverty Alleviation (Study at Baznas Mandailing Natal District
This study is to study productive zakat management implemented by BAZNAS Regency Mandailing Christmas in microbusiness empowerment. For alleviation of poverty. Productive zakat is used as an instrument of Islamic economics to increase the welfare of mustahik through business capital assistance , mentoring, and entrepreneurship training. Research This use method approach is qualitative in nature and descriptive with type studies and case studies, where data is obtained through in-depth interviews, direct observation, and document analysis. Research results show that the scheme distribution of productive zakat at BAZNAS Mandailing Natal includes working capital grants, qardhul hasan (virtuous loans without interest ), and partnerships based on results. This program gives a positive impact to improving the income of mustahik as well as pushing independent microbusinesses. However , the challenges in the implementation of productive zakat Still faced , such as limited funds, low literacy finance mustahik , as well as not yet optimal implementation of standard accounting (PSAK 109). Research conclusions This emphasize importance more productive zakat management​ transparent and professional , with support mentoring systematic effort . The recommendation study covers the improvement of BAZNAS HR capacity in management finance , optimization of synergy with government and institutions of sharia finance, and digitalization of system data collection and monitoring of mustahik. With good governance , productive zakat can become an effective instrument​ to eradicate poverty and increase welfare in a sustainable way.
Deteksi Risiko Pemanfaatan Wakaf Tunai Berbasis Wisata Religi Halal Perspektif SDGs di Madura
Penelitian ini mengidentifikasi, memetakan, dan memitigasi risiko dalam pemanfaatan wakaf uang untuk pengembangan wisata religi halal di Sumenep, Madura. Permasalahan utama pengelolaan wakaf tunai terletak pada prinsip wakaf yang nilainya tidak boleh berkurang, tetapi manfaatnya harus didistribusikan. Prinsip inilah yang membuat pengelola wakaf uang (nadzir) harus berhati-hati dalam mengelola dana wakaf dengan skema: meminimalisir risiko sekecil mungkin. Di sinilah letak pentingnya penelitian ini, pengelola wakaf harus mampu mengelola tanpa mengurangi nilai aset wakaf melalui deteksi risiko. Deteksi risiko diukur dengan menggunakan konsep maslahah yang diuji melalui deteksi risiko COSO Modifikasi sebagai alat ukur ilmiah. Integrasi antara kedua instrumen ini menghasilkan pengelolaan wakaf yang bermanfaat. Jenis penelitian ini adalah deskriptif analitis dengan pendekatan fenomenologi, melihat instrumen wakaf dari sudut pandang masyarakat. Data diambil dari wawancara dengan nadzir wakaf dan beberapa data sekunder diambil dari data di website. Temuan penelitian ini menunjukkan bahwa deteksi risiko penyaluran wakaf uang wisata religi halal, yaitu kemampuan wirausaha nadzir dan mitra kerja dengan skor 4,2. BMT Sumenep melakukan mitigasi risiko dengan membentuk komunitas yang bersifat simbiosis mutualisme dan memperluas mitra kerja sebagai penjamin aset wakaf tunai. Pelaksanaan penyaluran wakaf tunai sesuai dengan konteks SDGs-1 dan 8, mengurangi kemiskinan dan membentuk kualitas manusia untuk menjamin kehidupan yang layak. Mengedepankan kemaslahatan dururi untuk melindungi keluarga dan sosial (hifd al-maal wa an-nasl).
PERAN MEDIA SOSIAL, INFLUENCER, DAN ASSURANCE AWARENESS TERHADAP KEPUTUSAN PEMBELIAN ASURANSI JIWA BAGI GENERASI Z
In Indonesia, there are around 21.94 million individuals, or only 8 per cent of the total population who have life insurance as a protection effort in family financial planning. In the context of family financial needs that continue to grow along with various stages of life, the existence of life and financial protection is very important, especially for customers who are at productive age, especially young families. This study aims to analyse the influence of social media, influencers on life insurance awareness and the decision to buy life insurance products among Generation Z. This research is quantitative research and the sampling technique is purposive sampling, data collected from 150 respondents through questionnaires. Data analysis was conducted using Smart PLS 4.0. The results showed that the positive influence of influencers significantly increased life insurance awareness (β = 0.45; p < 0.01), which in turn contributed to the decision to purchase life insurance (β = 0.35; p < 0.01). In addition, social media serves as a mediator that strengthens the relationship between influencer influence and purchase decision (β = 0.25; p < 0.01). These findings indicate that Generation Z values authenticity and emotional connection more than just influencer popularity, so insurance companies should choose relatable influencers to effectively reach this audience. The originality of this research is to highlight how awareness of life insurance serves as a bridge that connects social media and influencers to Gen Z's decision to buy life insurance. Then focusing on Generation Z, this research provides new insights into how information delivered through digital platforms can shape their understanding and attitudes towards life insurance products. The managerial implications of this study emphasise the importance of a more personalised and value-based marketing strategy in promoting insurance products. Insurance companies are advised to actively utilise social media platforms, establish strong relationships with influencers, and provide informative and engaging content for Generation Z. With this approach, it is expected that awareness and life insurance decisions among Generation Z can increase significantly, thereby strengthening the market position of insurance companies in the digital era.
Lifestyle and Consumerism in the Digital Era: Can Self-Control Be the Balancing Force?
Consumptive behavior is a purchasing behavior that is no longer based on rational considerations. The purpose of this study is to examine how lifestyle and digital payments affect bold consumption, using self-control as a moderating factor. This study uses a quantitative research type and uses a descriptive approach. The location of the study was at UIN Maulana Malik Ibrahim Malang, for the population in this study all students of UIN Maulana Malik Ibrahim Malang whose purchases were made through the Shopee app with a digital payment system. This study uses a nonprobability sampling method using a sample and a purposive sampling technique size of 155 respondents. The method of gathering data involves sending out surveys via a Google form.. This study uses SEM PLS as an approach to data analysis. This study found that lifestyle influences online the consumption patterns of students at UIN Maulana Malik Ibrahim Malang who use the Shopee application, digital payments influence online consumptive behavior in UIN Maulana Malik Ibrahim Malang students who use the Shopee application, in addition, self-control cannot moderate between lifestyle and online the consumption patterns of students at UIN Maulana Malik Ibrahim Malang who use the Shopee application, and self-control cannot moderate between digital payments and online the consumption patterns of students at UIN Maulana Malik Ibrahim Malang who use the Shopee application.
Pengaruh Kompensasi, Disiplin Kerja, dan Motivasi Terhadap Kinerja Karyawan PT. Lontar Papyrus Pulp and Paper Industry
This study aims to examine the effect of compensation, work discipline, and motivation on the performance of production employees at PT. Lontar Papyrus Pulp and Paper Industry. A quantitative research approach was employed, with data collected through interviews and the distribution of questionnaires. The sampling technique applied was purposive sampling, involving a total of 50 production employees as respondents. Data analysis was conducted using SmartPLS 4.0. The findings reveal that compensation has a statistically significant impact on employee performance, as indicated by a t-statistic value exceeding the critical t-table threshold (3.923 > 1.677) and a p-value below the 5% significance level (0.000 < 0.05). Conversely, work discipline does not exhibit a significant effect on employee performance, with a t-statistic value below the threshold (0.614 < 1.677) and a p-value above 5% (0.270 > 0.05). Additionally, motivation is found to significantly influence employee performance, supported by a t-statistic value greater than the t-table (2.854 > 1.677) and a p-value less than 5% (0.002 < 0.05).
Analisis Determinan Perdagangan Intra-Industri Indonesia Dengan 5 Mitra Dagang Di Kawasan Asean (Analisis Data Panel Tahun 2015~2023)
ABSTRACT In general, intra-industrial trade is trade or exchange of goods of the same type involving two or more countries. This research aims to analyze the influence of the exchange rate (KURS), gross domestic product (GDP), and foreign direct investment (FDI) on Indonesia's intra-industrial trade with 5 trading partners in the ASEAN region. This research uses panel data from 5 ASEAN countries (Singapore, Malaysia, Thailand, Vietnam, Philippines) with a purposive sampling method. This type of research uses a quantitative approach, obtained from secondary sources and data analysis using the Eviews10 tool. The research results show. The exchange rate has a positive and significant effect on Indonesian Intra-Industrial Trade. GDP has a positive and significant effect on Indonesian Intra-Industrial Trade. FDI has a positive and insignificant effect on Indonesian Intra-Industrial Trade. Exchange Rates, Gross Domestic Product (GDP), Foreign Direct Investment (FDI) simultaneously influence Indonesia's Intra-Industrial Trade.
Keyword: Trade, intra-industry, exchange rate, GDP, FDI.
Contemporary Qurban Transactions: Are There any Ghoror Practices?
Penelitian ini bertujuan untuk mengkaji penelitian terkait praktik ghoror dalam transaksi kurban di Indonesia dan memberikan masukan solusi penghapusan ghoror serta membuka wacana untuk penelitian lebih lanjut. Penelitian ini menggunakan pendekatan kualitatif dengan metode tinjauan literatur. Peneliti mengkaji penelitian terkait praktik transaksi qurban di Indonesia pada jurnal dan prosiding yang terindeks Sinta atau ber ISSN. Serta metode deskriptif normatif untuk mengkaji aspek ghoror transaksi dan solusi menghilangkannya. Penelitian membagi transaksi qurban menjadi 3 yaitu transaksi qurban menggunakan lembaga keuangan syariah, transaksi qurban online dan transaksi qurban offline melalui masjid atau pesantren. Hasilnya terdapat 4 jenis ghoror yang terjadi yaitu ghoror dalam akad, kepemilikan, spesifikasi hewan dan jaminan. Penelitian ini juga memberikan solusi terhadap setiap permasalahan ghoror yang terjadi. Selain itu, penelitian yang lebih spesifik pada satu jenis transaksi dengan menambahkan sampel dari jurnal Scopus dan WoS dapat memperluas hasil penelitian yang telah dilakukan. Penelitian ini menemukan bahwa inovasi transaksi keuangan dalam ibadah kurban berpotensi menimbulkan ghoror baik dalam transaksi keuangan maupun laporan. Penelitian ini memberikan masukan agar transaksi kurban dan inovasi yang akan dilakukan terbebas dari praktik ghoror haram.
Dampak Strategi Investasi Nikel Indonesia terhadap Pertumbuhan Ekonomi di Dalam Negeri
Tujuan penelitian ini adalah untuk menganalisis dampak dari strategi investasi nikel Indonesia, terutama terkait dengan kebijakan hilirisasi yang diimplementasikan pada tahun 2020, terhadap pertumbuhan ekonomi domestik. Penelitian akan mengkaji secara mendalam bagaimana kebijakan hilirisasi nikel memengaruhi berbagai aspek ekonomi di dalam negeri, seperti investasi asing langsung (FDI), dan bagaimana peningkatan investasi ini dapat meningkatkan transformasi ekonomi dalam negeri, nilai ekspor nikel, juga penciptaan lapangan kerja. Penelitian ini dikaji dengan menggunakan metode kualitatif dengan jenis penelitian deskriptif dengan penggunakan teknik library research dalam pengumpulan data. Adapun teori yang digunakan dalam penelitian ini adalah teori proteksionisme yang didefinisikan sebagai upaya melindungi usaha dalam negeri dan kebijakan pemerintah untuk mengendalikan ekspor atau impor melalui hambatan perdagangan, seperti tarif dan kuota, guna melindungi industri domestik dari persaingan asing. Dalam penelitian ini ditemukan bahwa strategi hilirisasi dan investasi nikel berdampak positif pada peningkatan angka investasi, transformasi ekonomi, peningkatan nilai ekspor, juga peningkatan dalam penciptaan lapangan kerja
Hak Cipta (c) 2024 ILTIZAM Journal of Shariah Economics Research http://creativecommons.org/licenses/by-sa/4.0
Strategic Management of Waqf Assets Using the Community-Based Management (CBM) Method in the Waqf Institution of Malang
Penelitian ini bertujuan untuk memetakan strategi pengelolaan aset wakaf pada lembaga wakaf al-Khaibar di Kota Malang. Setelah dilakukan pemetaan, kemudian dianalisis dengan menggunakan metode manajemen berbasis komunitas. Pemilihan metode ini didasarkan pada pola strategi yang digunakan oleh lembaga dengan memaksimalkan komunitas, baik pengelola, pasar, maupun mitra. Kita tahu bahwa hingga tahun 2024 aset wakaf seluas 2.171.041.349,74 M2 dan baru 23% yang dikelola. Dari 23% tersebut, 71% berupa masjid, sekolah dan pemakaman, aset wakaf belum mampu dikelola secara produktif. Oleh karena itu, penelitian ini berusaha menawarkan solusi strategi pengelolaan aset wakaf di Kota Malang. Penelitian ini bersifat kualitatif-deskriptif. Sumber data diperoleh dari wawancara, dan dokumentasi ke lembaga wakaf al-Khaibar dan BWI Kota Malang. Temuan penelitian menunjukkan bahwa: langkah-langkah manajemen strategi pengembangan aset wakaf: 1) menemukan masalah dan identifikasi masalah; 2) analisis masalah secara komprehensif mulai dari konten materi, signifikansi dan risiko; 3) perencanaan aksi (class action) dengan tiga pola, yaitu program, risiko dan mitigasi risiko; 4) implementasi jangka waktu, yang terdiri dari jangka pendek, menengah dan panjang; 5) pelaksanaan program pada semua tingkatan; 6) evaluasi secara informal dan formal. Kedua, dampak yang ditimbulkan: 1) tersedianya modal usaha beserta sarana usaha; 2) penyediaan barang usaha dengan akad qard al-hasan bi al-bay'; 3) mitra kerja yang produktif, menjadikan semua UMKM sebagai mitra usaha baik sebagai distributor, marketing, supplier maupun relawan.
Holistic Marketing Berbasis Tasawuf Pada Pemasaran Perumahan Syariah di Tasikmalaya
This study aims to examine the implementation of Sufism-based holistic marketing in the marketing of Sharia housing in Tasikmalaya. Holistic marketing is a marketing approach that considers all aspects of a company, including relationships with consumers, employees, business partners, and the wider community, to create sustainable value. Sufism, as a dimension to understand the conditions of the human soul, both praiseworthy and blameworthy, and to adorn it with praiseworthy attributes, also serves as a guide in the spiritual journey towards Allah SWT. This study employs a qualitative method with a case study approach involving several experts in Sufism, practitioners, and academics in Tasikmalaya. Data were collected through in-depth interviews, observations, and documentation. The results show that applying Sufism in holistic marketing for Sharia housing marketing can enhance consumer trust and strengthen the relationship between developers and consumers. Additionally, the internalization of Sufi values, such as heart-to-heart marketing, worship orientation, mutual assistance, internal evaluation, honesty, justice, and social responsibility, has proven to be a solid foundation for creating sustainable marketing strategies. This study is expected to contribute to developing a more comprehensive and applicable theory of Sharia marketing.
Keywords: Holistic marketing, Sufism, Sharia Housing, Tasikmalaya
Gen Z's Impulse Buying Behavior of Skincare Product: The Role of FOMO, Celebrity Endorser and Hedonism
Fear of Missing Out (FOMO) merupakan fenomena yang saat ini banyak terjadi di kalangan Generasi Z berupa rasa takut akan ketertinggalan dengan pengalaman yang dirasakan oleh lingkungan sosialnya, yang sering kali memicu perilaku pembelian impulsif demi mengikuti tren. Tujuan dari penelitian ini adalah untuk menganalisis hubungan antara Fear of Missing Out (FOMO) dan celebrity endorser terhadap impulsive buying dengan hedonisme sebagai variabel mediasi. Penelitian kuantitatif ini menggunakan pendekatan korelasional dengan teknik pengumpulan data dengan cara survei melalui penyebaran kuesioner dalam bentuk google form kepada konsumen Generasi Z produk skincare di Kota Malang. Penelitian ini menggunakan pendekatan non probability sampling, secara spesifik menggunakan metode purposive sampling, dan melibatkan total 110 responden sebagai sampel. Penelitian ini menganalisis data dengan menggunakan teknik Partial Least Squares Structural Equation Modeling (PLS-SEM), dengan menggunakan perangkat lunak SmartPLS versi 3. Hasil penelitian menunjukkan bahwa FOMO berpengaruh terhadap impulsive buying pada konsumen Generasi Z terhadap produk skincare di Kota Malang baik secara langsung maupun tidak langsung melalui hedonisme sebagai mediasi. Sedangkan celebrity endorser tidak berpengaruh secara langsung terhadap impulsive buying pada konsumen Generasi Z terhadap produk skincare di Kota Malang, tetapi secara tidak langsung melalui hedonisme sebagai mediasi. Selain itu, hedonisme berpengaruh terhadap impulsive buying pada konsumen Generasi Z produk skincare di Kota Malang.
Fear of Missing Out (FOMO), Celebrity Endorser, Hedonism, Impulsive Buying, Generasi Z
Influence Of Financial Performance On Carbon Performance In Companies Disclosing Sustainability Reports In Indonesia
Business is essential for a country's economic development, especially for its citizens. The purpose of this study is to investigate how financial performance affects carbon performance in companies listed on the Indonesia Stock Exchange (IDX) that report sustainability in 2020–2023. Leverage, Size, ROA, Capsend, and TobinQ are used to measure financial performance as the dependent variable. Greenhouse gas emission disclosure is used to measure carbon performance (CP), the independent variable. Companies reporting carbon emissions on the Indonesia Stock Exchange are 934 companies that publish sustainability reports. A total of 44 Indonesian businesses that are willing to be involved in releasing sustainability reports between 2020 and 2023 are the study samples. T-test and F-test are two multiple linear regression tests used by the author. In addition, this study offers empirical support for the ways in which businesses can communicate their underlying carbon performance through the use of some form of carbon information. According to the study findings, leverage, size, capsend, and tobinq have no effect on CP; only ROA has an effect. CP is simultaneously affected by leverage, size, ROA, capsend, and tobinQ because businesses with more resources usually have better sustainability reports and are more aware of climate change impacts. This is in line with signaling theory, which states that a company's strong financial results are an indication of its operational success.