Jurnal Magister Ekonomi Syariah

Financial Literacy, Financial Attitudes, and Self-Control Towards Financial Management Practice in MSME In West Nusa Tenggara

Yudhi Kurniawan Zahari, Reza Arviciena Sakti, Abdul Basit, Oliver William Knight — Tue, 24 Jun 2025 00:00:00 +0700

This study aims to analyze the influence of financial literacy, financial attitude, and self-control on financial management behaviour among Micro, Small and Medium Enterprises (MSMEs) in West Nusa Tenggara Province. The background of this study stems from the persistent challenges of weak financial management among MSMEs, often caused by low financial literacy and poor financial attitudes. The research employs a quantitative method with a survey approach, using structured questionnaires to collect data from MSME actors across various districts and cities in the region. To test the proposed hypotheses, the data were analysed using multiple linear regression analysis, which allowed for the examination of the simultaneous influence of the independent variables on financial management behaviour. The results indicate that financial literacy, financial attitude, and self-control each have a positive and statistically significant effect on financial management behaviour. Specifically, financial literacy enhances the ability of MSME actors to budget, maintain accurate records, and plan effectively, while a positive financial attitude and strong self-control facilitate better financial decision-making. These findings underscore the importance of enhancing financial education and promoting behavioural competencies to improve financial practices among MSMEs. The study offers valuable implications for policymakers, financial institutions, and MSME stakeholders in designing empowerment strategies that incorporate both financial knowledge and behavioural reinforcement.

The Effect of Using QRIS in the Collection of Zakat, Infaq, and Alms on Economic Growth in Indonesia: An Econometric Analysis

M. Yusril Kholik — Sat, 28 Jun 2025 00:00:00 +0700

This study analyzes the dynamic relationship between the use of QRIS, the collection of zakat, infaq, and alms (ZIS), and economic growth in Indonesia. It contributes to the empirical understanding of ZIS as a key transmission channel linking digital payment innovation to macroeconomic growth. A quantitative approach was employed using the Vector Autoregression (VAR) model, which utilized quarterly data from 2019 to 2024. The procedures included stationarity tests, optimal lag selection, Granger causality tests, Variance Decomposition (VDC), and Impulse Response Function (IRF) analyses to examine causal links, variable contributions, and short- and long-term dynamics. The results indicate that QRIS has a significant effect on ZIS (coefficient 0.004; t-statistic 2.140; p-value 0.036), and ZIS has a significant influence on economic growth (coefficient 0.012; t-statistic 2.025; p-value 0.044). However, the direct impact of QRIS on GDP is insignificant, suggesting that QRIS drives economic growth indirectly through the intermediation of ZIS. Granger causality tests confirm one-way causality from QRIS to ZIS and from ZIS to GDP. VDC analysis shows that ZIS’s contribution to GDP variation rises from 12.48% in the initial period to 31.29% in the long term, while QRIS’s direct contribution remains limited. The IRF results further reveal a positive and sustained ZIS response to QRIS shocks, as well as a robust GDP response to ZIS shocks. Overall, the effectiveness of QRIS in promoting growth depends on strengthening ZIS collection and productive distribution. Integrating Islamic financial digitalization with ZIS intermediation accelerate inclusive and sustainable economic development.

Open Banking Meets Islamic Finance: A Qualitative Content Analysis of Sharia – Compliant Digital Inclution

Egha Ezar Junaeka Putra Hassany — Mon, 30 Jun 2025 00:00:00 +0700

While the global financial sector has rapidly embraced data openness to enhance financial inclusion, the Islamic finance industry continues to face a significant technological adoption gap. Open banking, as a new paradigm in the financial industry, presents a substantial opportunity to bridge this gap through data transparency and inter-institutional collaboration enabled by Application Programming Interfaces (APIs). However, its implementation within Islamic finance requires strict alignment with Sharia principles such as justice, transparency, and trust. This study aims to examine how open banking can be ethically and effectively integrated into the Islamic financial system. Employing a descriptive approach and an inductive-based Qualitative Content Analysis (QCA), data were collected through literature review, policy document analysis, and in-depth interviews with regulators, academics, and Islamic finance practitioners. The open and axial coding processes revealed four central themes: (1) the ethics of Sharia-Compliant data exchange, (2) strategic collaboration between Islamic banks and fintech firms, (3) regulatory and fiqh-related challenges in the digital context, and (4) the potential of Sharia-based financial inclusion. The findings indicate that open banking can catalyze digital transformation in Islamic finance, provided it is supported by adaptive fatwas, clear regulatory frameworks, and enhanced digital and Sharia literacy. The integration of open banking and Islamic finance is not merely a matter of technological adoption, but a transformative process that involves values and structures, demanding an interdisciplinary approach. Their synergy holds the potential to create a financial system that is inclusive, transparent, and aligned with the objectives of Maqashid al-Sharia.

Do Ethics and Controls Prevent Fraud? Investigating Accounting Malpractice Drivers in Yogyakarta’s Government Agencies

Kharisa Khoirunisa, Ghafira Zanbaina — Mon, 30 Jun 2025 00:00:00 +0700

This study explores the impact of religiosity, internal control, and compensation appropriateness on accounting fraud within government institutions in the Special Region of Yogyakarta (DIY), focusing on the Regional Financial and Asset Management Agency (BPKAD) and related offices. Using a quantitative approach, data were collected from 90 finance personnel through structured questionnaires and analyzed via multiple linear regression. The results indicate that both religiosity and internal control have a significant negative effect on accounting fraud, suggesting that individuals with strong religious values and organizations with robust internal control systems are less likely to engage in fraudulent behavior. In contrast, compensation appropriateness showed no significant impact on accounting fraud, indicating that fair compensation alone does not deter unethical actions. These findings align with the fraud triangle theory, where religiosity and internal controls function as moral and procedural deterrents to fraud, while compensation alone does not effectively address the broader systemic and ethical issues. The study highlights the importance of integrating ethical and religious values into organizational culture, along with strengthening internal controls, to combat fraud in the public sector. This research contributes valuable insights for policy and practice in public financial management and offers a foundation for further investigation into fraud prevention strategies in government institutions.

The Economic Impact of Religious Tourism in Indonesia: A Systematic Literature Review (SLR)

Kayyisah Fathin Febrianti, Luqman Hakim Handoko — Mon, 30 Jun 2025 00:00:00 +0700

This study aimed to analyze the current state of the literature on the role of religious tourism in economic growth in Indonesia. The research employed the Systematic Literature Review (SLR) method using the Preferred Reporting Items for Systematic Reviews and Meta-analyses (PRISMA) protocol. This study also used VOSviewer for keywords analysis. A total of 129 articles were systematically screened, resulting in 19 relevant studies. The findings indicate that religious tourism significantly contributes to income generation, job creation, MSME development, and local government revenue. However, these economic benefits are not evenly distributed across all regions and are influenced by factors such as destination management, community involvement, and government support. Literature trends reveal growing academic interest, yet publications are predominantly from non-indexed journals and focused mainly on Java. In addition based on keywords analysis, identifies five thematic clusters that highlight key research directions in religious tourism, emphasizing its socio-economic impacts, cultural significance, and potential contributions to community welfare and regional development.