EkBis: Jurnal Ekonomi dan Bisnis

Navigating AI Integration in Islamic Enterprises: A Qualitative SWOT Perspective

Syaviratul Mughoyaroh — 2025-06-02

This study explores the integration of Artificial Intelligence (AI) within Islamic strategic management frameworks using a qualitative SWOT analysis approach. The objective is to assess how AI can be ethically and effectively applied in Islamic enterprises, ensuring alignment with Shariah principles such as tawhid (the oneness of God), the balance between worldly and spiritual goals, and the pursuit of mardhatillah (divine pleasure). Using systematic literature review and SWOT framework, this research identifies internal strengths such as ethical leadership and community orientation and external opportunities such as the global halal market while addressing technological limitations and potential threats like ethical ambiguity and regulatory gaps. The findings highlight the importance of ethical leadership, community-based innovation, and strategic partnerships in navigating AI integration. This study contributes to the discourse on Shariah-compliant digital transformation and offers practical recommendations for AI governance rooted in Islamic values.

AI-Enhanced Risk-Return Optimization in Islamic and Conventional Banking Portfolios

Dyaghazi Abdurraffi Nixon — 2025-06-02

Portfolio risk assessment in Islamic versus conventional banking requires advanced analytical approaches due to complex market dynamics and regulatory differences. Traditional optimization methods often fail to capture non-linear relationships and volatility patterns inherent in these distinct banking sectors. This study introduces an AI-enhanced framework combining Monte Carlo simulation with Solver-based optimization to compare market risks and determine optimal portfolio weights between Islamic and conventional banking stocks. The methodological innovation lies in integrating Microsoft Excel's GRG nonlinear AI solver for real-time portfolio optimization, addressing limitations of conventional Markowitz models. Using 194 daily price observations from LQ45 and JII70 indices (January-October 2024), we analyzed four banking stocks (BRIS, BTPS, BBCA, BBRI) through Monte Carlo VaR simulation with 10,000 iterations and AI-driven optimization at 95% confidence level. Mann-Whitney tests confirmed significant differences between Islamic and conventional banking returns and risk profiles. Results reveal Islamic banking portfolios demonstrate significantly higher risk (VaR: -4.18%, potential loss: IDR 4,180,169) compared to conventional portfolios (VaR: -1.65%, potential loss: IDR 1,652,541). AI optimization yielded distinct allocation strategies: Islamic portfolio (45.4% BRIS, 54.5% BTPS) versus conventional portfolio (74.5% BBCA, 25.4% BBRI). This research provides the first AI-integrated comparative framework for Islamic-conventional banking risk analysis, offering quantitative evidence that challenges assumptions about Islamic banking stability. The study demonstrates practical applications of machine learning in portfolio management for emerging markets, providing actionable insights for different investor risk profiles while advancing methodological approaches in Islamic finance research.

Central Bank Digital Currencies and It’s Potential Impact on the Profitability and Systems Stability of Commercial Banking in Emerging Markets

Novalini Jailani — 2025-06-15

The development of Central Bank Digital Currencies (CBDCs) has become a significant topic of discussion globally, particularly in emerging markets where financial inclusion, monetary sovereignty, and banking stability are key concerns. This study explores the potential impact of CBDC implementation on the profitability and system stability of commercial banking systems in these economies. This research adopts a qualitative approach through a literature review of CBDC implementations in key emerging economies, including China, Nigeria, Brazil, Russia, and India. The study finds that while CBDCs can enhance efficiency and financial accessibility, their impact varies depending on a country's banking infrastructure, regulatory framework, and financial stability measures. In some cases, CBDCs have exacerbated liquidity risks for commercial banks, while in others, they have promoted digital innovation and alternative revenue streams. The findings highlight the need for strategic collaboration between central banks and commercial financial institutions to mitigate risks while leveraging the benefits of CBDCs. Policy recommendations include implementing limits on CBDC holdings, integrating CBDCs with existing banking services, and fostering regulatory frameworks that support a balanced financial ecosystem. This study contributes to the academic discourse on digital currencies and banking by offering insights into the evolving role of central banks and commercial banks in the digital financial landscape.

Diversifying Other New Normal Approach on Livelihood Development: Extension Strategies for Poverty Alleviation

Donald Montenegro — 2025-06-17

This study evaluates and analyzes the extension projects required in Barangay La Paz, Bayabas, Surigao del Sur, to align effectively with the extension agenda of Northeastern Mindanao State University (NEMSU). The research focused on establishing a set of priority projects aimed at supporting poverty alleviation and improving community living standards. Utilizing a descriptive quantitative approach, data were collected from 146 respondents through a rigorously validated and reliable research instrument over a six-month period. The study posits that a transition toward a market-driven extension system is essential to increase community income, stimulate rural entrepreneurship, and create employment opportunities. The results indicate a strong demand for both soft and hard skills training among the community, highlighting a need for formal education in entrepreneurship and livelihood activities. These findings underscore the potential of the University’s extension program to foster sustainable socio-economic development by addressing community-specific needs. The insights from this study inform local legislative and university planning, providing a strategic foundation for selecting extension projects with the highest relevance and impact on beneficiaries.

The Role of the Digital Economy in Increasing the Competitiveness of MSMEs in Indonesia

Aprilia Candra Purnama Wati — 2025-09-12

The digital economy is the main force driving economic transformation throughout the world, especially in Indonesia. The rapid progress of information and communication technology has caused various sectors to adopt digital platforms to increase operational efficiency and expand market access. This essay focuses on how Indonesian MSMEs, which are the backbone of the country's economy, can take advantage of the digital economy to increase their competitiveness. To be able to develop amidst increasing market competition, MSMEs must strategically integrate digital technology such as social media, fintech and e-commerce.

This research uses qualitative methods, literature research and secondary data to highlight the benefits of the digital economy for MSMEs. Key benefits include improved operational efficiency and increased customer reach in both domestic and international markets. However, MSMEs face significant challenges in utilizing digital technology, including low levels of digital literacy, inadequate technological infrastructure in rural areas, and a lack of regulatory support for digital economic growth.

The findings show that the digital economy encourages innovation in product development, marketing and business management, thereby providing opportunities for MSMEs to increase competitiveness. To overcome these challenges, collaboration between the government, private sector, educational institutions and the MSME community is needed to create an inclusive and sustainable digital ecosystem. The article offers strategic recommendations for optimizing the benefits of the digital economy for MSMEs, including supportive regulations, infrastructure development, and digital literacy training.