UIN (Universitas Islam Negeri) Sunan Kalijaga, Yogyakarta: E-Journal Fakultas Ekonomi dan Bisnis Islam
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Analysis of Online Transportation Service Applications Selection Using Analytical Hierarchy Process (AHP) Method
No full textThis study aims to analyze user preferences in choosing online transportation service applications using the Analytical Hierarchy Process (AHP) method. The study was conducted by distributing questionnaires to 51 respondents from various regions in Indonesia, who are active users of Gojek, Grab, and Maxim applications. Four main criteria were used as the basis for evaluation, namely service speed, price, promotion, and driver availability. The results of data processing show that service speed is the most dominant factor in decision making with a weight of 51%, followed by driver availability (23%), promotion (15%), and price (11%). Of the three applications studied, Gojek obtained the highest priority value (0.47), making it the top choice of respondents. This research shows that operational aspects such as speed and service availability are more decisive than price considerations alone, and confirms the relevance of the AHP method in assisting complex, user preference-based decision making
Zakat and Islamic Bank Financial Performance: Do Third Party Funds Play an Important Role?
Full text linkResearch 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
Financial Literacy, Financial Attitudes, and Self-Control Towards Financial Management Practice in MSME In West Nusa Tenggara
Full text linkThis 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
Integrating Maqasid al-Shariah and Sustainable Development Goals Islamic Financial Planning: A Framework for Ethical Wealth Distribution
Full text linkBackground: The global financial system faces escalating challenges in reconciling ethical wealth distribution with sustainable development, particularly within Islamic economies. Despite the shared emphasis of Maqasid al-Shariah (objectives of Islamic law) and the Sustainable Development Goals (SDGs) on justice, equity, and environmental stewardship, their integration remains fragmented. Islamic financial institutions (IFIs) often prioritize Shariah compliance over proactive contributions to sustainability, while regulatory fragmentation and gender-environment gaps hinder systemic progress.
Objectives: This study aims to: (1) analyze the structural alignment between Maqasid al-Shariah and SDGs in Islamic financial planning, (2) identify systemic barriers to their integration, and (3) propose actionable strategies to optimize Islamic finance’s role in ethical wealth distribution.
Novelty: The research fills critical gaps in Islamic academic discourse by: Introducing the Maqasid-SDG Integration Theory, which recontextualizes classical Islamic jurisprudence within modern sustainability frameworks. Developing a Maqasid-SDG Index to evaluate financial products’ socio environmental impact, addressing the absence of standardized metrics. Resolving debates on adaptive jurisprudence (e.g., redefining daruriyyat to include climate action) and gender inclusivity in Islamic finance.
Research Methodology / Design: A mixed-methods sequential explanatory design was employed, combining Qualitative Analysis: Thematic coding of classical texts (e.g., al-Shatibi’s Al-Muwafaqat), 45 semi-structured interviews with Shariah scholars and policymakers, and case studies of Malaysia and Indonesia. Quantitative Analysis: PLS-SEM modeling of secondary data from 30 IFIs (2015–2023) and regression analysis of SDG progress metrics (e.g., poverty rates, CO2 emissions). Comparative Jurisprudence: Cross-referencing Hanafi, Maliki, Shafi’i, and Hanbali interpretations of wealth distribution ethics.
Findings: SDG Alignment: Shariah-compliant mechanisms like Zakat and green Sukuk reduced povertyby 12.7% and emissions by 2.3 million metric tons annually, respectively (β = 0.42, p < 0.01). Institutional Barriers: Regulatory fragmentation limited SDG-aligned financing to 28% in GCC countries versus 64% in Malaysia. Gender disparities persisted, with only 12% of Islamic banks offering women centric products. Theoretical Advancements: The Maqasid-SDG Index revealed a 63% explanatory power (R² = 0.63) for ethical outcomes, while juristic reinterpretations of maslaha (public interest) enabled blockchain-based Sukuk innovations.
Implication: Theoretical: The study bridges Islamic ethics with sustainability science, offering a dynamic framework for adaptive jurisprudence. Practical: Policymakers should prioritize (1) cross-border regulatory harmonization, (2) financial literacy campaigns, and (3) gender-environment nexus products (e.g., Takaful for women-led green enterprises). Policy: Centralized Shariah governance, as seen in Malaysia’s Value-Based Intermediation framework, enhances SDG alignment but requires balancing with grassroots inclusivity (r= -0.58)
The The Analysis of PNM Mekar Syariah Financing Practices from the Perspective of Islamic Law in West Kalimantan
No full textThis study aims to evaluate the practice of lending money implemented by PT Permodalan Nasional Madani (PNM) Mekar Syariah in West Kalimantan, from the perspective of Islamic law. The phenomenon of capital needs for micro and small businesses is an important background for the birth of this Islamic financing institution. This study uses a qualitative approach with a field research method. Data were obtained through in-depth interviews, observations, and documentation which were then analyzed descriptively. The results of the study indicate that lending practices at PNM Mekar Syariah contain elements of Islamic financing contracts, but there are still several aspects that need to be adjusted to be fully in line with the principles of muamalah in Islam. This study recommends strengthening sharia supervision and ongoing guidance for customers to improve compliance with sharia values.
Prediksi Perubahan PDRB Kabupaten Sleman dengan Menggunakan Metode Markov Berdasarkan Data BPS Tahun 2021 – 2023
Full text linkPenelitian ini bertujuan untuk memprediksi perubahan Produk Domestik Regional Bruto (PDRB) Kabupaten Sleman guna mendukung perencanaan pembangunan daerah yang berbasis data. Urgensi penelitian ini terletak pada pentingnya informasi ekonomi yang akurat dan prospektif bagi pemerintah daerah, pelaku usaha, serta masyarakat umum dalam menghadapi dinamika ekonomi lokal maupun global. Dalam konteks tersebut, metode Markov digunakan sebagai pendekatan kuantitatif untuk memodelkan transisi probabilistik status pertumbuhan ekonomi berdasarkan data historis. Data sekunder diperoleh dari Badan Pusat Statistik (BPS) Kabupaten Sleman tahun 2021–2023, dengan teknik analisis isi untuk menyusun matriks transisi dan simulasi prediktif. Hasil penelitian menunjukkan bahwa PDRB Kabupaten Sleman mengalami tren pertumbuhan positif, baik dalam nilai ADHB maupun ADHK, serta peningkatan PDRB per kapita, meskipun laju pertumbuhan ekonomi sedikit menurun. Dengan memanfaatkan metode Markov Chain, penelitian ini berhasil memetakan pola transisi status ekonomi dan memberikan prediksi arah perubahan PDRB yang dapat dijadikan dasar penyusunan kebijakan pembangunan jangka menengah, alokasi anggaran, serta pengembangan sektor-sektor unggulan. Selain memberikan kontribusi praktis terhadap kebijakan publik, penelitian ini juga memperkaya kajian akademik tentang penerapan metode Markov dalam analisis ekonomi regional
Unlocking Economic Growth: Insights from Macroeconomic Indicators and Stock Markets Development in Key OIC Countries
Full text linkIndonesia, Malaysia, Bangladesh, Qatar, Turkey and Kuwait show obvious differences in economic structure, level of development and implemented economic policies. The aim of this study is to analyze the impact of macroeconomic indicators and stock market developments on economic growth in OIC member countries in the period 2018-2022. Panel data is used to determine the impact of market capitalization and turnover ratio as indicators of stock market development, along with inflation and foreign direct investment (FDI) as indicators of macroeconomics, on economic growth.The results show that market capitalization has a negative effect on economic growth, while the turnover rate has a positive effect. On the other hand, inflation contributes positively to economic growth, while FDI has no effect on economic growth. Based on these findings, this study suggests that the governments of OIC countries should focus more on proper management of stock markets and macroeconomic variables to support economic growth
Training on Using the Petanimilenial.id Financial Accounting Application to Improve Financial Accountability Among Millennial Farmers
No full textDigital transformation in the agricultural sector is an important requirement for achieving efficiency, transparency, and sustainability in farming businesses. However, low financial literacy and technological skills remain major obstacles for millennial farmers in managing their finances professionally. This community service activity aims to improve the financial accountability and digital capabilities of millennial farmers through training and assistance in using the Petanimilenial.id application. The program was implemented in Sleman Regency, Special Region of Yogyakarta, involving the millennial farmer community as partners. The implementation method included socialization, technical training, implementation assistance, and participatory evaluation using questionnaires. The results of the activity showed a significant increase in digital financial recording capabilities, understanding of application-based financial recording, and the preparation of simple financial reports. The overall average evaluation score of 4.27 (excellent category) indicates that the Petanimilenial.id application is considered easy to use, relevant to farming needs, and effective in improving financial accountability. The evaluation results show that this activity needs to be continued or further developed, with an average score of 4.73. In addition, this activity encourages an increase in farmers\u27 confidence in making decisions based on financial data. This program proves that technology-based assistance can strengthen the financial literacy and professionalism of young farmers, while also being a concrete step towards sustainable agricultural digitalization in the modern economic era
The Relationship between Exchange Rate, Money Supply, and Inflation in Indonesia: An ARDL Approach: English
No full textThis study examines the short- and long-term relationships between inflation, exchange rate, and money supply (M2) in Indonesia using the Autoregressive Distributed Lag (ARDL) approach over the period 2013–2024. Monthly time-series data obtained from official sources are analyzed to capture the dynamic interactions among variables. The bounds testing procedure confirms the existence of a long-run cointegration relationship, with the ARDL(5,1,2) model identified as the optimal specification. Empirical results indicate that, in the short run, inflation is significantly influenced only by its own past values, while the exchange rate and money supply are statistically insignificant in both the short and long term. These findings suggest that inflation dynamics in Indonesia are primarily driven by internal adjustment mechanisms rather than direct monetary or exchange rate shocks. The study contributes to monetary policy analysis by highlighting the importance of inflation expectations and domestic stability.
 
Impact of Islamic Economic Growth, Financial Literacy, and Inflation on Gini Ratio in Indonesia (2013-2023)
No full textThis study aims to analyze the effect of Islamic economic growth, financial literacy, and inflation on income inequality in Indonesia as measured by the Gini Ratio during the period 2013-2023. The method used is multiple linear regression and quadratic regression to identify the non-linear relationship between the independent variables and the Gini Ratio. The results show that financial literacy has a significant negative effect on income inequality, while inflation shows no significant effect. Islamic economic growth shows an inverted U shape quadratic relationship, which means that initially an increase in Islamic economic growth increases inequality, but after a certain point it decreases it. These findings suggest the importance of improving people\u27s financial literacy and strengthening an inclusive Islamic economy to promote equitable income distribution in Indonesia