Iqtishadia最新文献

{"title":"Antecedents of e-WOM and Revisit Intention in Sharia Hotels: Application of Social Exchange Theory","authors":"Dinda Dinisa, Gita Gayatri","doi":"10.21043/iqtishadia.v16i2.18207","DOIUrl":"https://doi.org/10.21043/iqtishadia.v16i2.18207","url":null,"abstract":"Revisit intention is one of the most important factors in determining a hotel’s long-term success, as well as the spread of positive feedback by guests through electronic word-of-mouth (e-WOM). Sharia-compliant hotels, in comparison to conventional ones, face limitations in number and require substantial development. Hence, the primary objective of this study is to examine the factors that influence the creation of eWOM and the intention of guests to revisit, considering the direct, indirect, and moderating influence of guests’ religiosity levels. This study was conducted by distributing questionnaires to 312 respondents, employing the Structural Equation Model- Partial Least Square (PLS-SEM) method for data analysis. The results of this study provide insight into the significant influence of guests’ religious levels in Sharia-compliant hotels on their intention to revisit, directly or indirectly. These findings have significant implications for understanding the essential determinants for attracting returning guests and fostering the more effective growth of Sharia-compliant hotels in Indonesia, contributing to both theoretical insights and practical applications.","PeriodicalId":55756,"journal":{"name":"Iqtishadia","volume":"75 4-5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140494503","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Analysis of The Impact of Covid-19 on Non Performing Finance, Digital Banking and Fintech on The Profitability of Sharia and Conventional Banks With Macro Economy as Moderation","authors":"Ulin Nuha Synatrya, Nugroho Heri Pramono","doi":"10.21043/iqtishadia.v15i2.14876","DOIUrl":"https://doi.org/10.21043/iqtishadia.v15i2.14876","url":null,"abstract":"","PeriodicalId":55756,"journal":{"name":"Iqtishadia","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45589505","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Value and Performance of Islamic Banking in Indonesia","authors":"Zulfikar Hasan","doi":"10.21043/iqtishadia.v15i2.16508","DOIUrl":"https://doi.org/10.21043/iqtishadia.v15i2.16508","url":null,"abstract":"This study aimed to examine the value of Indonesian Islamic banking using secondary quarterly data from quarter I of 2016 to quarter IV of 2021. The data were sourced from Sharia Banking Statistics (SPS) published by the Financial Services Authority (OJK). EViews 8 was then used to analyze economic growth with financing distributed by Islamic banking. Furthermore, the study employed a qualitative method assisted with data from OJK. The findings showed that the value, growth, and development of Islamic banking in Indonesia are better than conventional banking. Also, the profitability ratio of Indonesian Islamic banking is categorized as good. The value of Islamic banking can be analyzed using several components such as growth, risk, returns and capital and cost.","PeriodicalId":55756,"journal":{"name":"Iqtishadia","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47531019","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Optimizing Cash Waqf and Cash Waqf Linked Sukuk : The Role of Nazhir and The Strategies","authors":"Afief El Ashfahany, N. Lestari","doi":"10.21043/iqtishadia.v15i2.16353","DOIUrl":"https://doi.org/10.21043/iqtishadia.v15i2.16353","url":null,"abstract":"This study aims to explore the role and strategy of Nazhir in optimizing the management of cash waqf and cash waqf linked Sukuk (CWLS) yields. The method of the study is field research with a qualitative descriptive approach. The data was obtained through an in-depth interview with key persons from the Central Java Muhammadiyah (PWM Central Java) Waqf and Assets Council, the Nahdlatul Ulama Amil Zakat Institute (LAZISNU), and the Baitulmaal Muamalat. The results of this study emphasize the critical role of Nazhir in managing cash waqf and CWLS yield funds to be distributed to Mauquf 'Alaih. The management of cash waqf by the Central Java Muhammadiyah Waqf and Treasurer Council is carried out in the productive business sector, such as rental equipment, farm investment, and integrated farms in Wonolopo Central Java. Meanwhile, apart from effective businesses, LAZISNU and Baitulmaal Muamalat manage Cash Waqf through the CWLS scheme. The cash waqf yields from the three institutions were channeled to the fields of education, economy, and health. Especially for the CWLS scheme, with the great potential that the combination of cash waqf and Sukuk can be more optimally used as an instrument of financing sources to increase the welfare of people in need, especially during the pandemic.","PeriodicalId":55756,"journal":{"name":"Iqtishadia","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41805898","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Role of Sharia Compliance in Online Shop Applications in Improving Consumers’ Trust","authors":"Endang Sriani, N. Hasanah, Ubaedul Mustofa","doi":"10.21043/iqtishadia.v15i2.13606","DOIUrl":"https://doi.org/10.21043/iqtishadia.v15i2.13606","url":null,"abstract":"Muslim business transactions are governed by the principles of Islamic values, specifically Sharia compliance. However, accommodating these values poses a challenge for modern transaction system providers. This is because online shop providers have not been considering Sharia compliance as a crucial aspect to enhance consumer confidence, especially among Muslim consumers. Therefore, this research aims to determine the extent to which sharia conformity of web features and online shop applications influences consumers’ trust in the online shopping platform. It is a quantitative analysis that uses primary data from respondents representing the population. The research population comprises users of online shop applications that apply sharia compliance principles in their web design with sample data of 430 respondents. Furthermore, the data analysis uses linear and multiple regression methods aided by SPSS data analysis tools. The results show a positive and significant influence between sharia compliance, specifically avoiding prohibitions, object & price, buyer & seller, as well as offering & acceptance in websites design or online shop applications on consumers’ trust both partially and simultaneously. The partial influence of each sharia compliance variable is avoidance of main prohibitions, object & price, buyer & seller, as well as offer & acceptance by 60.6%, 62.6%, 69.3%, and 57.2%, respectively. Meanwhile, the simultaneous influence of sharia compliance variables on consumers’ trust is 79.4%, and other variables influence the remaining 20.6%. These results suggest that online shop consumers, specifically Muslims, make sharia values an essential criterion for selecting and using online shops. The theoretical contribution is to build and strengthen the concept and theory of sharia compliance to construct consumer trust. Concerning the practical contribution, the results could be the basis of consideration for online shop service providers to increase consumers’ trust by providing services in line with sharia compliance principles. Further research could explore additional variables that affect consumers’ confidence in using online shop platforms.","PeriodicalId":55756,"journal":{"name":"Iqtishadia","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42633936","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Women's Economic Empowerment Through Sharia Micro-Finance Institutions In Indonesia: A Qualitative Research","authors":"","doi":"10.21043/iqtishadia.v15i2.15902","DOIUrl":"https://doi.org/10.21043/iqtishadia.v15i2.15902","url":null,"abstract":"Women's empowerment has become an agenda that has recently been put forward and has become one of the essential agendas in sustainable development. One of the common problems women micro-enterprises face is the difficulty of accessing sources of capital. Islamic microfinance institutions are an alternative that can be utilized by women micro-enterprises in Indonesia to overcome the challenges in accessing business capital. This research uses a qualitative approach to study literature and in-depth interviews. The literature study was conducted by selecting relevant papers by accessing the Google Scholar database using the keywords “women empowerment” AND “Islamic microfinance” OR “Islamic microfinance”. The search time range is limited to the last 5 years, namely 2017 to 2022. The literature search results found 19 relevant papers. 4 sharia microfinance institutions are reported to run women's empowerment programs, namely sharia cooperatives, Baitul Mal Wat Tamwil, Zakat Management Organizations, and Micro Waqf Banks. The results of interviews with 20 lecturers of Islamic Economics strengthen the role of Islamic microfinance institutions in women's empowerment programs in Indonesia.","PeriodicalId":55756,"journal":{"name":"Iqtishadia","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46945049","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Integration of the Indonesian Islamic Stock Index: Evidence from Developed and Developing Countries","authors":"","doi":"10.21043/iqtishadia.v15i2.14462","DOIUrl":"https://doi.org/10.21043/iqtishadia.v15i2.14462","url":null,"abstract":"Globalization is changing the world's economic and financial systems are increasingly integrated. Globalization can also trigger shocks to the Islamic stock market and reduce diversification benefits for investors. This study aims to analyze the integration of the Indonesian Islamic stock index with the Islamic stock index of developed and developing countries. Using a vector error correction model and daily data from 2012 to 2021, which reached 2088, the observations reveal that the Indonesian Islamic stock index is integrated with the Islamic stock index of developed and developing countries. The Indonesian Islamic stock index responded positively and negatively to the developed and developing Islamic stock index. Japan has the most significant contribution in influencing Indonesia's Islamic stock index. Indonesia's Islamic stock index needs to prepare various alternative strategies in dealing with shocks from developed and developing country Islamic stock indexes.","PeriodicalId":55756,"journal":{"name":"Iqtishadia","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44589433","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Corporate Governance Model of Islamic Philanthropy at Islamic Hospitals in Ponorogo","authors":"Luhur Prasetiyo, Unun Roudlotul Jannah, Nurma Fitrianna","doi":"10.21043/iqtishadia.v15i2.17309","DOIUrl":"https://doi.org/10.21043/iqtishadia.v15i2.17309","url":null,"abstract":"This article aims to analyze the governance of ZISWAF in philanthropic institutions placed in hospitals. Hospitals are health facilities that are often not affordable for the underprivileged. Some cases of displaced patients because they do not have funds to get health services in hospitals often occur. Islamic philanthropy in hospitals is vital to address this issue. This research is qualitative, with the location of three hospitals in Ponorogo, namely RSU 'Aisyiyah, RSU Muhammadiyah, and RSU Muslimat. The informant of this study is the manager of Islamic philanthropy. In addition, data is also collected from recipient patients and donors. The results showed that Islamic philanthropy in the three hospitals was carried out by philanthropic institutions affiliated with community organizations. At 'Aisyiyah and Muhammadiyah Hospital, philanthropy is managed by the Lazismu Service Office. Meanwhile, at Muslimat Hospital, philanthropy is managed by JP-ZIS NU Care. Philanthropic governance in the three hospitals can be divided into two models: integrated Islamic philanthropy institution and external Islamic philanthropy institution.","PeriodicalId":55756,"journal":{"name":"Iqtishadia","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44459009","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Islamic Organizational Citizenship Behavior among Millennial Workers: The Role of Islamic Leadership, Workplace Spirituality, and Islamic Work Ethic In Central Java, Indonesia","authors":"Wahibur Rokhman","doi":"10.21043/iqtishadia.v15i2.19803","DOIUrl":"https://doi.org/10.21043/iqtishadia.v15i2.19803","url":null,"abstract":"The objective of this study examined the influence of islamic leadership and workplace spirituality on organizational citizenship behavior among the millennial generation muslim employees in Central Java, Indonesia. Furthermore, the research also examined the role of islamic work ethic on organizational citizenship behavior. The questionnaires were distributed to Muslim millennial employees in Central Java in order to conduct a survey. For this study, a sample of 500 respondents was purposefully chosen, and 435 of those responses were returned and used. The variables and items were assessed using a five-point Likert scale. The data were further analyzed with multiple regression analysis.  The results indicate that there is a significant positive effect of spiritual leadership and Islamic work ethic on organizational citizenship behavior. However, the study also found workplace spirituality does not influence organizational citizenship behavior. This study provides an understanding of the work behavior of the muslim millennial generation.  This study will provide good insight for the organization to understand the role of Islamic leadership, workplace spirituality, and Islamic work ethic on organizational citizenship behavior among the millennial generation muslim employees in Central Java, Indonesia.","PeriodicalId":55756,"journal":{"name":"Iqtishadia","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44875408","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Repurchase Intention of Halal Cosmetic Product Among Muslim Consumers: The Roles of Islamic Branding, Halal Awareness, and Trust","authors":"Anita Rahmawaty, Ita Rakhmawati","doi":"10.21043/iqtishadia.v15i1.14668","DOIUrl":"https://doi.org/10.21043/iqtishadia.v15i1.14668","url":null,"abstract":"This study aims to examine the effects of Islamic branding and halal awareness on trust and repurchase intention. It also investigates the roles of trust in mediating the effects of Islamic branding and halal awareness towards repurchase intention of halal cosmetic products in Kudus regency. The research data is elicited from 275 Muslim consumers of halal cosmetic products in Kudus. The analysis technique of the collected data uses Partial Least Squares Path Modeling (PLS-SEM). The study finding shows that Islamic branding and halal awareness significantly affect consumers’ trust and repurchase intention in positive ways. Trust mediates the effects of Islamic branding and halal awareness towards repurchase intention of halal cosmetic products in Kudus. The finding also intends to contribute to Sharia business players comprehending the factors that improve trust and repurchase intention towards the halal cosmetic products for their business development. ","PeriodicalId":55756,"journal":{"name":"Iqtishadia","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49448566","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}