Journal of Business Management and Islamic Banking
Journal title : Journal of Business Management and Islamic Banking Initials : JBMIB Frequency : 2 Issues per Year June and December DOI : 10.14421/jbmib Online ISSN : 2964-2787 Editor in Chief : Syayyidah Maftuhatul Jannah Managing Editor : Defi Insani Saibil | Siti Nur Azizah Publisher : FEBI UIN Sunan Kalijaga Yogyakarta Citation Analysis : Google Scholar | Garuda Journal of Business Management and Islamic Banking (JBMIB) is an international journal which is published by Department of Islamic Banking, Faculty of Islamic Economics and Business, State Islamic University (UIN) Sunan Kalijaga. This journal is designed to provide a forum for researchers/academicians and also practitioners who are interested in knowledge and in discussing ideas, issues, and challenges in the field of Islamic economics and business, Islamic finance, Islamic banking, management human resources and marketing management. In addition, this journal can contribute to solve the problem of the ummah, gap between theory and practice, etc. JBMIB is a journal dedicated to publishing research articles in the fields of Islamic business management and Islamic banking. It welcomes manuscripts related to Islamic banking, Islamic business, Islamic finance, Islamic economics, and Islamic management. The journal accepts articles on topics concerning Islamic banking and research methodology that meet its publication standards. Its primary audience includes academics, students, practitioners, and others interested in research on Islamic business management and Islamic banking. The journal published its inaugural issue on August 31, 2022, and continues to release two journal editions annually. In 2023, JBMIB undertook template development for its second publication, incorporating improvements such as citation format enhancements and the addition of Creative Commons Attribution-ShareAlike 4.0 International License logo. Since March 21, 2025, starting from Vol. 4 No. 1 (2025), the JBMIB journal has been accredited with "SINTA 4" (4th rank) by the Ministry of Research and Technology/National Research and Innovation Agency of the Republic of Indonesia, in recognition of its excellence in peer review, journal management, and publication quality. The SINTA 4 accreditation is valid from Vol. 1 No. 1 (2022) until Vol. 5 No. 2 (2026), as stated in Ministerial Decree No. 10/C/C3/DT.05.00/2025.
The Role of Islamic Ethical Consideration in Shaping Artificial Intelligence Usage Behavior in Higher Education
Purpose—This study aims to examine the effects of perceived usefulness, perceived ease of use, and Islamic Ethical Consideration on ChatGPT usage behavior among Muslim university students in Indonesia. Design/methodology/approach—A quantitative survey was conducted with 259 respondents and analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS) to test both direct and indirect relationships within an extended Technology Acceptance Model. Findings—The findings indicate that perceived usefulness significantly increases usage behavior (β = 0.241, p < 0.001). Perceived ease of use does not directly influence usage behavior (β = 0.065, p = 0.180) but shows a significant indirect effect through perceived usefulness (β = 0.119, p < 0.001). Islamic Ethical Consideration has a significant negative effect on usage behavior (β = −0.176, p = 0.006). Research implication/limitation—This study is limited by its cross-sectional design and sample concentration, and it implies the need for ethically grounded AI guidance in higher education and broader future research. Theoretical Contribution/Originality—This study extends TAM by showing that ChatGPT usage among Muslim students is shaped not only by functional perceptions but also by Islamic ethical considerations.
Copyright (c) 2026 Journal of Business Management and Islamic Banking https://creativecommons.org/licenses/by-sa/4.0
Exploring the Impact of Financial Risk on Firm Value: The Moderating Effect of Profitability in Islamic Banking
Purpose—This study aims to examine the impact of financial risks such as market risk (NIM), liquidity risk (CR), and financing risk (NPF) on firm value (PBV) in Islamic banking, with profitability (ROA) as a moderating variable. Design/methodology/approach—This study performs Moderated Regression Analysis to analyze the interaction effects of financial risks on firm value, considering Return on Assets as a moderator. The research covers data from 2018 to 2025, focusing on Islamic banks. Findings—Results indicate that NIM, when moderated by ROA, has a significant positive impact on PBV, suggesting that profitability plays a key role in enhancing firm value. However, CR and NPF, when moderated by ROA, do not show a significant impact on PBV. The inclusion of ROA modestly increases the model’s ability to explain the variation, with NIM being the most significant predictor of firm value. Research implication/limitation—The study contributes to a better understanding of how profitability interacts with financial risks in Islamic banking, highlighting the role of market risk in firm value and the moderating effect of ROA on the relationship between risk factors and firm value. Originality/value—This study is limited by its focus on Islamic banks within a specific context and the use of selected financial risk proxies, which may limit the applicability of the findings. The results imply that Islamic banks should prioritize improving profitability and market risk management to improve firm value.
Digital Enablement Under Care Constraints: Determinants of Women-Led Enterprises in Indonesia
Purpose—This study examines the determinants of digital enablement among women-led enterprises in Indonesia, focusing on the roles of care responsibilities, household structure, and human capital. It seeks to understand how domestic constraints and socio-economic characteristics influence women entrepreneurs’ participation in digitally mediated economic activities. Design/methodology/approach—The analysis uses nationally representative cross-sectional microdata from the 2024 National Socioeconomic Survey (SUSENAS). Digital enterprise participation is defined as the use of digital tools to sell goods or services. A binary logistic regression model is employed to estimate the determinants of digital participation, complemented by rural–urban subgroup analysis to capture spatial heterogeneity. Findings—Childcare responsibilities are positively associated with digital participation, particularly in rural areas, suggesting that digital enterprise functions as a flexible response to care constraints. In contrast, a larger household size reduces the likelihood of digital engagement, reflecting cumulative domestic pressures. Education significantly increases digital participation, with stronger effects in urban contexts. Handphone ownership emerges as the strongest predictor across all models, highlighting the importance of digital access. Household-head status shows differing effects between rural and urban areas, indicating that intra-household authority interacts with local economic environments. Research implication/limitation—This study enriches the literature on digital entrepreneurship and gendered labor markets by integrating household dynamics, care responsibilities, and spatial inequality into the analysis of digital participation. Originality/value—The cross-sectional nature of SUSENAS limits causal inference. Nonetheless, the findings highlight the need for gender-responsive and place-sensitive digital inclusion policies to support women entrepreneurs.
The Impact of Artificial Intelligence (AI) Implementation on the Labor Market from the Perspective of Maqashid Syariah
Research Aims: This study aims to analyze the impact of AI implementation on the labor market by integrating the Maqashid Syariah perspective as an ethical framework. Methodology: This research employed a qualitative approach with library research methods. Data was collected from journals, books, research reports, and academic publications. Analysis was conducted using content analysis through data reduction, presentation, and drawing conclusions. Research Findings: The implementation of AI has three main effects on the labor market: (1) productivity effect, namely increased efficiency, productivity, and work safety, (2) replacement effect, namely the shift in human roles due to automation, especially in routine work, and (3) recovery effect, namely the creation of new jobs that require high skills and digital competencies. AI increases productivity and opens up new job opportunities, but also raises challenges such as structural unemployment, skills gaps, and ethical implications. From the perspective of Maqashid Syariah, these impacts can be directed so that technological progress remains oriented towards the benefit through the principles of hifz al-mal (protection of property), hifz al-nafs (protection of life), and hifz al-'aql (protection of reason). Theoretical Contribution: This research integrates Islamic ethics in understanding the transformation of the digital labor market. Research limitation and implication: This research is limited to literature sources without empirical data support. The implications of this research can form the basis for formulating inclusive and sustainable employment policies.
Copyright (c) 2025 Journal of Business Management and Islamic Banking https://creativecommons.org/licenses/by-sa/4.0
Financial Arbitration: Comparative Perspectives on Islamic and Common Law Approaches
ABSTRACT Research Aims: This paper aims to examine arbitration as a bridge between Islamic finance and international arbitration standards, identifying key areas of convergence and divergence and proposing harmonised solutions that uphold Sharia compliance while ensuring international enforceability. Design/methodology/approach: It evaluates Islamic arbitration frameworks, such as the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) Sharia Standard on Arbitration and the Asian International Arbitration Centre’s (AIAC, formerly KLRCA) i-Arbitration Rules, against established international benchmarks, including the United Nations Commission on International Trade Law (UNCITRAL) Model Law and the New York Convention. Research Findings: The analysis highlights key areas of convergence and divergence, revealing the complexities of integrating Sharia-compliant dispute resolution within the global legal context. Theoretical Contribution/Originality: The paper proposes practical strategies to harmonise Islamic arbitration practices with international norms, including clarifying and standardising Sharia principles, fostering wider acceptance of Islamic finance arbitration, and ensuring procedural compliance with Sharia and international arbitration frameworks. By doing so, the article argues that arbitration can provide an effective, credible, and globally compatible mechanism to resolve Islamic financial disputes. Research limitations and implications: This study is limited by its focus on comparative legal frameworks, primarily drawing from doctrinal analysis and literature. Review rather than empirical data. Nonetheless, the findings provide practical insights for policymakers, financial institutions, and legal practitioners in designing harmonized arbitration frameworks that align Sharia principles with international commercial standards.
An Analysis of Factors Influencing Customer Satisfaction in Sharia Insurance: A Systematic Literature Review
Research: This investigation seeks to survey the existing body of literature concerning customer satisfaction within the Sharia insurance sector, to delineate the principal factors that shape customer contentment, and to construct a conceptual framework predicated upon these pivotal determinants. Design/methodology/approach: The study employs a Systematic Literature Review (SLR) methodology, integrated with a descriptive qualitative approach, following the PRISMA protocol. Data were procured from Google Scholar, utilizing the Publish or Perish software, with the search terms “kepuasan nasabah asuransi syariah” and “Sharia Insurance Customer Satisfaction.” An initial corpus of 41 articles was rigorously screened, culminating in a final selection of 11 seminal papers. A thorough content analysis was subsequently performed to identify, categorize, and interpret the collated research findings. Research Findings: The review revealed a fluctuation in publication output between 2020 and 2025, peaking in 2023 with the issuance of five articles. The analysis identified five predominant factors that materially affect customer satisfaction: service quality, premium rates, brand image, Sharia-compliant marketing, and product quality. Theoretical Contribution/Originality: This research furnishes a systematic overview specifically centered on customer satisfaction in Sharia insurance, thereby addressing a significant lacuna in the literature that has hitherto remained underexplored in a comprehensive manner using the SLR method. Research limitation and implication: The scope of this inquiry is confined to 11 articles indexed in Google Scholar published between 2020 and 2025. Notwithstanding this limitation, the findings provide a foundational reference for subsequent academic research and offer salient practical implications for Sharia insurance enterprises aiming to enhance customer satisfaction through the fortification of service quality, premium structures, brand reputation, ethical marketing strategies, and product offerings.
Artificial Intelligence Adoption and Financial Stability under Geopolitical Pressure: Evidence from Indonesia’s Digital Banking Sector
Research Aims: This study investigates how Artificial Intelligence (AI) adoption and Geopolitical Risk Index (GPR) influence the financial stability of Indonesia’s digital banking sector, focusing on profitability (ROA) and credit risk (NPL). Design/methodology/approach: Using annual panel data from 2021–2024 and employing regression and scenario-based simulations to evaluates both structural effects and conditional responses to varying GPR levels. Research Findings: The findings reveal that higher AI adoption generally enhances profitability and reduces credit risk under low to moderate geopolitical risk. However, AI’s influence remains statistically insignificant, while GPR significantly decreases NPL, indicating conservative lending behaviorduring uncertainty. Operational efficiency and capital adequacy are identified as key internal factors influencing profitability. Theoretical Contribution/Originality: This study contributes to the understanding of digital banking resilience by integrating econometric and simulation techniques, providing policy insights that emphasize adaptive credit risk frameworks, AI-driven risk management, and capital buffer adjustments amid geopolitical volatility. Research limitation and implication: These findings imply that digital banks should prioritize strengthening operational efficiency and capital buffers, while leveraging AI adoption and GPR monitoring as supportive tools to mitigate potential pressures on profitability and credit quality. This research model can be recalibrated using GPR data to predict NPL spikes and ROA decline.
Customer Satisfaction as a Mediator of Experiential Marketing, Perceived Quality, and Perceived Value toward Customer Loyalty
Research Aims: This study aims to analyze the influence of experiential marketing, perceived quality, and perceived value on customer satisfaction and customer loyalty at ROS IN Hotel, as well as to examine the mediating role of customer satisfaction in strengthening the relationship between these factors and customer loyalty. Design/methodology/approach: This study used a quantitative causal design to examine the influence of experiential marketing, perceived quality, and perceived value on customer loyalty, with customer satisfaction as a mediating variable. Data were collected from 40 customers of ROS IN Hotel Yogyakarta using a purposive sampling method and a structured questionnaire on a five-point Likert scale. The data were tested for validity and reliability, then analyzed using path analysis. Research Findings: The results show that only perceived value significantly influences customer loyalty, both directly and through customer satisfaction, while experiential marketing and perceived quality have no significant effects. This indicates that post-pandemic hotel customers prioritize functional value (price, convenience, safety) over emotional experiences or perceived service quality, with customer satisfaction acting as a key mediator. Theoretical Contribution/Originality: This study identifies perceived value as the key driver of customer loyalty in the post-pandemic hospitality sector, showing that customers prioritize functional benefits over experiential or perceived quality, with customer satisfaction as a mediator. Research limitation and implication: This study, limited to customers of ROS IN Hotel Yogyakarta, implies that increasing perceived value is crucial for building satisfaction and loyalty, while enriching the theoretical understanding of post-pandemic customer behavior.
Analysis of Economic Factors Affecting the Financing of Bank Syariah Indonesia (BSI) in 2014–2024
Research Aims: This study aims to analyze the effect of macroeconomic variables on the total financing distributed by Bank Syariah Indonesia (BSI) during the period 2014–2024. The independent variables examined include the Statutory Reserve Requirement (GWM), Financing to Deposit Ratio (FDR), inflation, interest rates, and money supply. Design/methodology/approach: The research employs a quantitative approach with a descriptive-causal method and uses multiple linear regression analysis as the data analysis technique. The data are secondary in nature, obtained from BSI annual reports, official publications of Bank Indonesia, and the Central Bureau of Statistics. Research Findings: The findings indicate that inflation and GWM have a negative effect on total financing, while interest rates, money supply, and FDR have a positive effect. These results largely align with economic theory, although an anomaly is observed in the positive relationship between interest rates and financing, which theoretically should be negative. Theoretical Contribution/Originality: This study contributes to the understanding of the relationship between macroeconomic conditions and financing activities in Islamic banking, particularly highlighting the unique dynamics of Bank Syariah Indonesia within the Indonesian macroeconomic context. Research limitation and implication: The study is limited to the period 2014–2024 and focuses only on selected macroeconomic indicators. Future research could expand the scope by incorporating additional variables or employing different econometric models. The findings provide practical implications for policymakers and banking practitioners in formulating strategies to strengthen the resilience of Islamic banking amid macroeconomic fluctuations.
Determinants of Liquidity in Islamic Banking: A VECM Analysis of Bank Muamalat (2008–2024)
Research Aims: This research aims to examine the impact of Third-Party Funds (DPK), Capital Adequacy Ratio (CAR), Non-Performing Financing (NPF), and inflation on the liquidity of Bank Muamalat over the period 2008–2024. Design/methodology/approach: This research adopts a quantitative approach. The sample comprises quarterly financial reports of Bank Muamalat and inflation data from Bank Indonesia the period from 2008 to 2024, totaling 68 observations. The hypotheses were tested using the Vector Error Correction Model (VECM) with the aid of the EViews 12 software. Research Findings: The analysis shows that Third-Party Funds (DPK) consistently exert a positive and significant influence on the liquidity of Bank Muamalat in both the short and long term. This indicates that stable deposit growth is essential for maintaining and enhancing the bank’s liquidity position. Additionally, a strong Capital Adequacy Ratio (CAR) significantly contributes to liquidity by improving the bank’s risk management capacity and supporting sustainable growth and operational stability. Conversely, Non-Performing Financing (NPF) does not affect liquidity significantly in the short term, likely due to effective internal risk mitigation policies. However, in the long term, NPF has a positive impact on liquidity, suggesting that the bank’s strategic management of credit risk helps preserve liquidity despite rising non-performing assets.
The Role of Islamic Economics in Promoting Sustainable Economic Growth in Developing Countries : Systematic Literature Review (SLR)
Research Aims: This study aims to identify, analyze, and synthesize findings from existing literature on the role of Islamic economics in promoting sustainable economic growth in developing countries. Methodology: Utilizing a Systematic Literature Review (SLR) approach, this study collects and evaluates data from scholarly books, journals, and academic research published between 2016 and 2024. The review follows a structured protocol, including clearly defined inclusion and exclusion criteria and rigorous study quality assessments. Research Findings: The results reveal that Islamic economics, particularly through sectors such as Islamic banking, sukuk, and the halal industry, significantly contributes to economic inclusivity, equitable wealth distribution, and environmental preservation. Originality: The grand theory used in this research the role of Islamic economics in supporting sustainable development in developing countries through economic inclusiveness and environmental preservation. Research limitation and implication: The limitation of this study lies in its reliance on literature without empirical data. Its implication specifically suggests that policymakers in developing countries should integrate Islamic economic principles such as profit-sharing, ethical investment, and environmental stewardship into national development strategies to achieve inclusive and sustainable growth.
Global Characteristics and Trend Research of Green Competencies: A Review from Bibliometrics Analysis
Research Aims: The increasingly pressing issue of global sustainability has increased the need for mastery of green competencies as critical competencies in the fields of education, organization, and environmental governance. However, until now, there are still limitations in systematic studies that analyze the trends and characteristics of global research related to green competencies. This study aims to identify international research trends, key actors, dominant terminology, patterns of collaboration between institutions and across countries, and recent developments in the study of green competencies by applying bibliometric analysis. Methodology: This study employs bibliometric analysis, utilizing a dataset comprising 346 Scopus-indexed articles published between 2014 and 2024. The data were processed using VOSviewer and Biblioshiny software integrated with R Studio to generate visualizations, including co-authorship, co-citation, bibliographic coupling, and overlay network analyses. Research Findings: The findings show that publications on green competencies have increased significantly since 2015, with Sustainability Switzerland, Journal of Cleaner Production, and Business Strategy and The Environment being the most productive journals (Figure 2). Dominant keywords include "sustainability development" and "green competencies" (Table 2, Figure 3). Countries such as China and the United States dominate publication contributions (Figure 4, Table 3), while institutions in several Malaysian countries are the centers of research productivity (Table 4). Networks of co-citation and bibliographic coupling show limited global collaboration across institutions (Figure 8). Research limitations and implications: This research makes a significant contribution to mapping the epistemic landscape of green competencies and encourages the development of collaborative approaches across sectors. The findings are helpful for policymakers, academics, and educational practitioners in designing strategies to strengthen green competencies across various sectors.
Zakat and Islamic Bank Financial Performance: Do Third Party Funds Play an Important Role?
Research Aims: Using third-party money as a moderating variable, the study intends to investigate how zakat affects Indonesian Islamic banking performance Methodology: The research sample consisted of 16 Islamic banks selected using the total sampling method based on the availability of annual financial report data at the financial services authority using smartpls 3.0 and structural equation modeling, the data analysis method was executed. Research Findings: The findings demonstrate that zakat improves Islamic financial performance. This finding supports the theory that optimal zakat fund collection can increase customer trust in Islamic banks. In addition, third party funds strengthen the connection between financial achievement and zakat. This finding is also consistent with the premise that the allocation of third-party finances and funding is positively impacted by optimal zakat and growing public trust. Theoretical Contribution: By enhancing knowledge of the impact of zakat and the function of third-party funds in enhancing the financial performance of Islamic banks, this work makes a substantial theoretical contribution. Research limitation and implication: This study is limited to the sample and use of secondary data, which needs to be considered in interpreting the research findings. The implications of this study are useful for Islamic banks and further researchers to create more thorough research and more efficient tactics.
Artificial Intelligence and Islamic Finance: Enhancing Sharia Compliance and Social Impact in Banking 4.0
Research Aims: This research explores consumers’ perspectives on adopting artificial intelligence (AI) in Asian countries, focusing on its role in the banking sector. Methodology: This quantitative research has distributed questionnaires to eleven Asian countries: Pakistan, China, Iran, Saudi Arabia, Indonesia, Malaysia, Bangladesh, Nepal, India, Afghanistan, and Thailand. The study received 550 usable responses, which provided valuable insights into consumer attitudes towards AI in banking. Research Findings:The findings revealed that several factors, including responsiveness, perception of AI, individual perspective, perceived value, and comprehension of AI technology, significantly and positively impact AI adoption plans in the banking sector. However, risk perception exhibited a negative yet considerable relationship with adoption intentions. Theoretical Contribution: This research is unique because it provides a better understanding of consumer perceptions of AI adoption in the banking sector in Asian countries. It offers a unique perspective on the strategic implications for banking management in leveraging AI technology for improved customer service and revenue generation, with a specific focus on the growing relevance of AI in Islamic finance. Research limitation and implication: These implications are essential for strategic decision-making in the banking industry. The findings highlight the importance of building consumer trust and confidence in digital technology, enabling banks to overcome risks and enhance customer satisfaction. For Islamic financial institutions, these insights can guide the integration of AI in ways that align with Sharia principles, such as ensuring transparency, ethical data use, and risk-sharing mechanisms. This will not only improve operational efficiency but also strengthen the appeal of Islamic banking to tech-savvy consumers.
The Influence of Job Stress, Job Boredom, Organizational Climate, and Self-Control on Employee Cyberloafing Behavior: Study on Bank Syariah Indonesia Employees in Pangkalan Bun
Research Aims: This study aims to analyze the effects of job stress, job boredom, organizational climate, and self-control on employee cyberloafing behavior at Bank Syariah Indonesia (BSI) KCP Pangkalan Bun. Methodology: The research employs a total sampling method with 33 respondents. Data was gathered through questionnaires using a Likert scale and analyzed using SPSS version 30. Research Findings: The findings indicate that job boredom has a positive and significant effect on employee cyberloafing behavior. Meanwhile, job stress, organizational climate, and self-control do not show significant impacts on cyberloafing behavior. Theoretical Contribution: This research provides new insights into the factors affecting cyberloafing in the Islamic banking context, particularly in BSI KCP Pangkalan Bun. Research limitation and implication: The study's limitations include a small sample size and the focus on a single bank branch, suggesting future research should expand to other branches and industries.
The Influence of Income, Company Reputation, and Waiting Lists for Hajj on The Interest of Generation Z in Saving for Hajj Deposits in Islamic Banks.
Research Aims: The study aims to explore the influence of income, company reputation, and waiting lists for hajj on the interest of Generation Z in saving for hajj deposits in Islamic banks. Methodology: This research employs a quantitative descriptive methodology, using regression analysis tools and the SPSS 24 software. A total of 128 respondents from Cirebon Regency were surveyed to gather relevant data. Research Findings: The findings reveal that each independent variable, including income, company reputation, and waiting lists, significantly influences the dependent variable, with the highest impact attributed to company reputation. This demonstrates that a positive image of the bank plays a crucial role in attracting potential customers. Theoretical Contribution: This study contributes to the existing literature by highlighting the key factors influencing Generation Z's motivation to save for hajj in Islamic banks, specifically emphasizing the importance of company reputation in this context. Research limitation and implication: The study is limited to the Cirebon Regency and may not be generalizable to other regions. Future research could expand the demographic scope and examine additional factors that influence saving behaviors among different populations. The findings imply that banks should strive to maintain a positive reputation to effectively attract and retain customers, alongside considering other relevant factors in product marketing.
Copyright (c) 2024 Journal of Business Management and Islamic Banking https://creativecommons.org/licenses/by-sa/4.0
Halal Certification and Implications for MSMEs: A Systematic Literature Review
Research Aims: This study explores the role of halal certification in fostering business growth within the Micro, Small, and Medium Enterprises (MSMEs) sector. Addressing a gap in the literature on the impact of halal certification on MSME performance, it examines its influence on competitiveness, profitability, and market expansion. Methodology: The research employs a Systematic Literature Review (SLR) methodology, gathering relevant articles published between 2019 to 2024 from the Google Scholar database. The PRISMA (Preferred Reporting Items for Systematic Reviews and Meta-Analyses) model is utilized to guide the collected studies’ identification, selection, and filtration processes. Research Findings: The findings indicate that halal certification significantly supports MSME operations and enhances product continuity. Consumers are more likely to purchase halal-certified MSME products, positively impacting revenue and sales growth. However, price remains a dominant factor in consumer purchasing decisions, even though halal certification is crucial for meeting Muslim consumer standards. Theoretical Contribution: This study contributes to the literature by shifting the focus from large corporations to MSMEs. It emphasizes halal certification’s economic and operational implications, highlighting its role in attracting Muslim consumers, enhancing market confidence, and fostering MSME growth and sustainability in the global halal market. Research Limitation and Implication: The research is limited to Google Scholar studies within a specific timeframe, possibly excluding relevant findings from other sources. It emphasizes the importance of integrating halal certification into MSME strategies to meet sharia standards, enhance market performance, and provide valuable insights for policymakers and halal industry practitioners.
Building Resilient Financial Performance: a Case Study of Indonesian Islamic Banks in The Perspective of SDGs
Research Aims: This study examines the impact of financial indicators—Non-Performing Financing (NPF), Financing to Deposit Ratio (FDR), Capital Adequacy Ratio (CAR), and Operating Expenses to Operating Income (BOPO)—on the Return on Assets (ROA) of Indonesian Islamic banks, aiming to contribute to SDG 8 by enhancing understanding of financial performance factors. Methodology: A quantitative approach is applied using secondary data from Indonesia's Financial Services Authority (OJK) covering 2018–2022. Multiple linear regression analysis identifies significant factors influencing ROA. Research Findings: The study finds that NPF, FDR, CAR, and BOPO all significantly affect ROA. Specifically, while NPF has a positive but insignificant impact, FDR, CAR, and BOPO exhibit negative and significant effects on ROA, suggesting that Islamic banks should focus on credit quality, capital adequacy, and operational efficiency. Theoretical Contribution: This research provides novel insights by exploring the financial ratios' influence on ROA within Indonesian Islamic banks, contributing to the limited literature in this specific area and offering implications for the sector's sustainability in line with SDG 8. Research limitation and implication: The study is limited to secondary data from nine banks over five years. Future research could expand to more banks or explore other performance measures. The findings offer practical implications for improving the financial stability and growth strategies of Islamic banks.
Financial Technology Innovation in Modernizing Zakat Payment in the Digital Era
Research Aims: To explore how the use of fintech in zakat payment is viewed from both Islamic jurisprudential and historical perspectives. Methodology: Library research is used as the primary data collection method. Research Findings: The research concludes that the use of financial technology for zakat payments is an innovative and flexible solution grounded in ijtihad (independent legal reasoning) within Islamic jurisprudence and The use of fintech in zakat payment is a form of technology fiqh (Islamic jurisprudence related to technology) that provides functional benefits in the context of zakat. Theoretical Contribution: Research finding the discourse on Islamic jurisprudence by highlighting how financial technology can be integrated into zakat payment systems, offering a new approach to Islamic financial practices. Research limitation and implication: The use of fintech can significantly streamline zakat payments, making the process more accessible and efficient for Muslims in Indonesia.
The Role Foreign Direct Invesment, Financial Development and Institutions Quality of Economic Growth Empirical Evidence From WANA Countries
Research Aims: The study investigates the impact of foreign direct investment, financial development, and institution quality on economic growth in nations located in western Asia and North Africa Methodology: This study methodology employs a panel data regression model using a fixed effect model (FEM) strategy. The study data is collected using the information that was available between the years 2000 and 2022. The WANA nations include Saudi Arabia, Iran, Israel, Jordan, Kuwait, Lebanon, Morocco, Egypt, Oman, Qatar, Tunisia, and the United Arab Emirates. Research Findings: The findings indicated that foreign direct investment (FDI), financial development (FD), and intellectual quotient (IQ) had an impact on economic growth. Specifically, foreign direct investment (FDI) has a beneficial and statistically substantial impact on economic development, but the quality of institutions has an adverse and statistically substantial impact on economic growth. However, financial development does not affect economic growth. Originality: The grand theory used in this research Economic Growth, Foreign Direct Investment, Institutions Quality, Financial Development, and Export and population growth variables are controlled. variables in this study by testing three variables consisting of independent variables, dependent variables and control variables. Research limitation and implication: The findings in this study suggest that policies implemented by governments, public institutions and academics aimed at increasing FDI, FD, and institutional quality can help improve economic growth in WANA countries.
The Future of Digital Finance: The Impact of Cryptocurrency and Blockchain on Digital Securities in Indonesia and Gen Z's Adoption Potential
Research Aims: This study aims to examine the intention of the young generation in Indonesia to adopt cryptocurrency and blockchain instruments in Digital Securities. Methodology: This study adopts a Mixed Methods (Sequential Explanatory Design) approach. This method begins with the collection of quantitative data in the first stage, followed by the collection of qualitative data in the second stage. Research Findings: This disclosure emphasizes public trust in the ability of the Financial Services Authority (OJK) and the Central Bank (BI) to launch and regulate blockchain regulations in the digital capital market. Theoretical Contribution: The results of the study revealed that the involvement of facilitation, institutional trust and technological trust have a significant effect on Gen-Z's intention to use digital securities in Indonesia. Research limitation and implication: The existence of maximum literacy facilities and consultations provided can increase public trust in the authorities providing digital exchange to continue to develop technological innovation optimally.
Company Attractiveness, Corporate Reputation, and Recruitment Websites as Determinants of Job Application Intentions (Case Study of Islamic Banking Study Program Students)
Research Aims: The research aims to examine and analyze the influence of company attractiveness, company reputation and recruitment website on job application intentions in the sharia banking industry. Methodology: The respondents were sharia banking students in Yogyakarta, with a sampling technique using purposive sampling with a total sample of 145 respondents. The analysis tool used is WarpPLS 7.0. Research Findings: The results of the research show that company attractiveness has a positive and significant effect on intention to apply, company reputation and recruitment website do not have a significant effect on intention to apply for work and recruitment websites are proven to be able to moderate the influence of company attractiveness and company reputation on job application intentions. Theoretical Contribution: The research findings identify the factors that serve as strengths, making them attractive to potential applicants based on the Theory of Reasoned Action. Research limitation and implication: Islamic banks in Indonesia should pay closer attention to company attractiveness, particularly regarding the value that potential employees will gain. Similarly, regarding corporate reputation, Islamic banks must continue to maintain their well-established reputation among employees and the surrounding community.
Equity-Based vs Debt-Based Financing: Which One is More Profitable for Islamic Banks in Indonesia?
Purpose : The debt-based syndrome is mushrooming across the Islamic Banks worldwide. However, in Indonesia equity-based financing has significant increase in the las several years. Thus, the study aims to examine whether debt-based financing or equity-based financing is more profitable in Indonesia Islamic Banks. Methodology : Fixed effect model (FEM) is used to measure the panel data. For robustness test LSDV is used. Findings : The result revealed that debt-based financing has negative significant influence on the profitability of Islamic Banks (ROA and ROE), while equity-based financing has positive significant influence on profitability of Islamic Banks (ROA and ROE). Moreover, the results are robust. Originality : Present paper attempt to capture the actual conditions of Islamic Banks in Indonesia through the samples used. As the best of author knowledge, this is the first paper which compare between debt-based and equity-based on the profitability of Islamic banks in Indonesia. Research Implications : This research provides some practical contributions for policymaker to boost equity-based financing in dual banking system.
The Role of Human Resources in The Development of Islamic Banking in Indonesia
Research Aims: The purpose of this study is to investigate the impact of human resources' (HR) competence and education level on the Return on Asset (ROA). Design/methodology/approach: The competency indicator is measured by the budget allocated for employee training and education, while the education level indicator is gauged by the number of employees who earned a college degree. The sample for this research is eight Islamic commercial banks in Indonesia for the 2018-2022 period using panel data regression analysis with the help of E-views 10. Research Findings: The findings indicate that competency did not have a significant impact on Return on Assets (ROA) while the level of education had a significant positive effect on ROA. Simultaneously Competency and Education Level have a significant effect on Return on Assets (ROA). The competency variable and level of education can influence the ROA variable by up to 40%, while other unexamined variables have an impact of around 60%. Research limitation and implication: The study's results suggest that Islamic banking should increase the proportion of college graduates among its employees as their ratio has a significant positive impact on Return on Assets (ROA). Additionally, the company should focus on employee training and education tailored to their needs in order to improve financial performance.
The Nexus between Intellectual Capital and Islamic Bank Performance in Indonesia
Research Aims: This research aims to investigate the impact of intellectual capital on the performance of Islamic Banking in Indonesia. Design/methodology/approach: The population in this research is islamic banking, type of islamic commercial banks. A purposive sampling method is used in the research. This research employs secondary data in the form of annual islamic commercial banking reports from 2017 to 2022. Multiple regression analysis was utilized. The statistical tool used to analyse the research data is eviews 12. Research Findings: This research shows that human capital efficiency and capital employed efficiency have a positive and significant effect on return on assets. Meanwhile, structural capital efficiency has a negative and significant effect on return on assets. Theoretical Contribution/Originality: This research has not been examined much because it tests the direct influence of intellectual capital efficiency using the variables human capital efficiency, structural capital efficiency, and capital employed efficiency on the performance of Islamic banking in Indonesia. Research limitation and implication: This article provides insight into Islamic banking and indicates that investing in intellectual capital has a major impact on islamic banking's the ability to generate profits. This study only examines some instances of Islamic banking in Indonesia. For further research can use islamic banking in ASEAN countries.
Influence Good Corporate Governance (GCG) And Islamic corporate social responsibility (ICSR) Against Corporate Value With Financial Performance As Variable Intervening at Bank Muamalat Indonesia
Research Aims: Knowing the influence of GCG and ICSR on company value through financial performance. Methodology: The method used in this research is quantitative research with data analysis using PLS and path analysis. Research Findings: From the results of the analysis used in this research, the results showed that the influence of the GCG variable on company value and financial performance was proven to be significant in a positive direction, the influence of the ICSR variable on company value was proven to be insignificant but in a positive direction, the influence of the ICSR variable on financial performance was proven to be significant in a negative direction. , the influence of the GCG variable on company value through financial performance is proven to be mediating and the influence of the ICSR variable on company value through financial performance is proven not to mediate. Theoretical Contribution: The grand theory used in this research includes,legitimacy theory, stakeholder theory, signaling theory and agency theoryby testing four variables consisting of independent variables, dependent variables and mediating variables. Research limitation and implication: The limitations of this research are on the subject of banks that use one bank, namely Bank Muamalat Indonesia.
Shariah Governance Practice on Indonesian Islamic Banks
Research Aims: This study aims to assess the implementation of Shariah governance in Indonesian Islamic banks. Methodology: This study utilises a qualitative approach coupled with content analysis; this study evaluates the alignment of Sharia Supervisory Board (SSB) practices with relevant regulations. Research Findings: The analysis revealed that none of the Islamic banks breached regulations or deviated from the prescribed criteria in the Sharia Supervisory Board (SSB) recruitment or characteristics. Theoretical Contribution: This study is poised to enrich the diversity of backgrounds within the Sharia Supervisory Board (SSB), aiming to elevate its overall quality. Research limitation and implication: This study exclusively examines the framework of Sharia governance within the context of Indonesia, and therefore, the findings should be separate from diverse country contexts.
Copyright (c) 2024 Journal of Management Business and Islamic Banking https://creativecommons.org/licenses/by-sa/4.0
Analysis of The Influence of Information Quality, Ease of Use, and Trust on Online Purchase Decisions on Shopee (Research On Users Of The Shopee E-Commerce Platform At Muhammadiyah University Yogyakarta)
Research Aims: This study aims to analyze of the influence of information quality, ease of use, and trust on online purchase decisions on shopee (study of shopee.co.id buying and selling site users at yogyakarta muhammadiyah university). Methodology: The study employs a quantitative survey approach, targeting all students, particularly female students, at Muhammadiyah University of Yogyakarta. The sample comprises 100 respondents from the Faculty of Economics and Business. The data analysis involves Multiple Linear Regression, Simultaneous Significance Test (F Test), Individual Parameter Significance Test (t-test), and Coefficient of Determination Analysis (R²). Research Findings: The findings indicate a notable and positive impact of information quality, ease of use, and mutual trust on online purchasing decisions at Shopee. Specifically, information quality, ease of use, and trust each individually exhibit a significant positive influence on online purchasing decisions at Shopee. Theoretical Contribution: The theoretical contribution of this research lies in its comprehensive assessment of multiple factors and their individual impacts on online purchasing decisions. The study enriches existing theoretical frameworks related to e-commerce and consumer behavior, paving the way for more nuanced and context-specific investigations in the field. Implication: The implications suggest actionable steps for Shopee to enhance its online platform, build trust, and tailor strategies to influence information quality, ease of use, and trust for more effective online purchasing decisions.
Copyright (c) 2023 Journal of Business Management and Islamic Banking https://creativecommons.org/licenses/by-sa/4.0
Preferences for Procurement of Sharia Pay Latter Through Analysis of Factors That Influence Consumtive Behavior
Research Aims: Find out what factors can become preferences in procuring sharia paylatter Methodology: The research method used in this research is quantitative research. This research was tested empirically with a statistical approach using the IBM SPSS Ststistics 26 statistical test tool. The data tested was multiple linear regression to determine the results of the t test, f test and coefficient of termination test Research Findings: From the results of the analysis, this research found that the results were variablehedonic motivation, performance expectancy, effort expectancy, facilitating conditions, price value and habit have a significant effect on consumptive behavior. Meanwhile, the social influence variable has no influence on consumptive behavior. Theoretical Contribution: The grand theory used in this research is consumer consumptive behavior by testing seven variables. Previous research only used three to five variables. This research used 500 respondents, which was more accurate than previous research Research limitation and implication: This research is limited to respondents who have ever used Paylatter.
Factors Affecting Dividend Policy in Manufacturing Companies on IDX in 2016-2020 (Empirical Study on Manufacturing Companies listed on the Indonesia Stock Exchange)
Research Aims: This study aims to analyze Factors Affecting Dividend Policy in Manufacturing Companies on IDX in 2016-2020(Empirical Study on Manufacturing Companies listed on the Indonesia Stock Exchange). Methodology: The dependent variable of this study is dividend policy while the independent variables are Profitability, Free Cash Flow, Firm Size, Managerial Ownership. The population of this study are manufacturing companies listed on the Indonesia Stock Exchange in 2016-2020. The sampling technique used was purposive sampling method. Based on the selected criteria, 170 samples of manufacturing companies were obtained. This research uses multiple linear regression analysis technique. Research Findings: The results of this study indicate that: (1) Profitability has a positive and significant effect on dividend policy, (2) Cash Ratio has no effect on dividend policy, (3) Firms Size on dividend policy, (4) Managerial Ownership on dividend policy. Theoretical Contribution: This study contributes theoretically to understanding dividend policy factors in manufacturing companies on the Indonesia Stock Exchange (2016-2020), confirming dividend policy theory, considering company size, correcting cash ratio assumptions, and developing understanding of managerial ownership. Implication: implications offer practical insights for financial management, strategic decision-making, corporate governance, investor relations, and policymaking in the context of dividend policies for manufacturing companies on the Indonesia Stock Exchange.
Copyright (c) 2023 Journal of Business Management and Islamic Bankin https://creativecommons.org/licenses/by-sa/4.0