EKONOMIKA SYARIAH : Journal of Economic Studies
type: channel
description: <img src="[binary]" /> Field Details Journal Title : EKONOMIKA SYARIAH: Journal of Economic Studies Initials : Ekonomika Syariah Abbreviation : Ekon. Syariah: J. Econ. Stud. Accredited Rank : SINTA 3 Frequency : 2 Issues per year (June and December) DOI Prefix : 10.30983/es by Crossref ISSN : 2614-7890 (online) Editor-in-Chief : Prof. Dr. Hesi Eka Puteri, S.E., M.Si Pubisher : UIN Sjech M. Djamil Djambek Bukittinggi Citation Analysis : Google Scholar and Dimensions EKONOMIKA SYARIAH: Journal of Economic Studies is an open-access, peer-reviewed scientific journal published by the State Islamic University of Sjech M. Djamil Djambek Bukittinggi. The journal serves as a scholarly platform for researchers, lecturers, and practitioners to publish scientific articles in the field of Islamic economics, finance, and business studies, focusing on the integration of Islamic values within economic systems. All submitted manuscripts are reviewed under a double blind-review process to ensure the objectivity, originality, and scientific quality of every published article. The journal is dedicated to promoting the advancement of Islamic economic thought and practice by providing a space for empirical research, conceptual analysis, and applied studies that contribute to the development of the Islamic economic ecosystem. It encourages interdisciplinary collaboration among academics, policymakers, and professionals in addressing contemporary economic challenges from a Sharia perspective. Through high academic standards and ethical publishing practices, EKONOMIKA SYARIAH seeks to become a credible reference for both national and international audiences in the field of Islamic economics. The scope of EKONOMIKA SYARIAH includes, but is not limited to, topics such as Islamic banking and finance, capital market and investment management, Islamic microfinance institutions, zakat, waqf, and philanthropy management, halal industry, Islamic entrepreneurship, digital finance, and Islamic econom…
publisher: Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi
language: en-US
publication name: EKONOMIKA SYARIAH : Journal of Economic Studies
issn: 2614-7890
copyright: Authors who publish with this journal agree to the following terms: Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
items: Understanding Non-Muslims' Purchase Intention: Examining the Effects of Halal Awareness, Certification, and Marketing Factors
items: Islamic Investment among Entrepreneurs: the Impact of Financial Literacy, Religiosity, and Risk Profile, With Technology as Moderating Variable
items: Forecasting the Resilience and Stability of Indonesian Islamic Banking in the Face of Global Economic Uncertainty in 2030
items: The Phenomenon of High Paylater and Financial Literacy in The Consumptive Behavior of Generation Z In Medan City
items: Islamic Marketing within the Digital Economy: Ethical and Sustainable Practices in Indonesia’s Cellular Services Sector
items: Integration Islamic Social Finance and SDGs: Perspective Maqasid Sharia Based on Scientific Mapping
items: Integration of Sharia Compliance, Environmental, Social, and Governance (Esg) on Financial Performance: an Empirical Study Across Sharia and Conventional Banks

Understanding Non-Muslims' Purchase Intention: Examining the Effects of Halal Awareness, Certification, and Marketing Factors
type: item
description: This research examines the determinants of halal purchase intention among non-Muslim consumers in Indonesia. Utilizing the Theory of Planned Behaviour (TPB) as a conceptual foundation, the study evaluates the influence of halal awareness, certification standards, product attributes, promotional strategies, and brand recognition on consumer intention. Data obtained from 134 non-Muslim respondents across five major Indonesian cities were analysed using structural equation modelling (SEM). Results reveal that all five factors positively influence purchase intention, with brand recognition and certification standards demonstrating the strongest effects, followed by promotional strategies, halal awareness, and product attributes. The model explains 58.3% of the variance in purchase intention, providing robust explanatory power. Significant differences were observed across ethnic groups, with Javanese Christians showing greater acceptance of halal products compared to Chinese Indonesians, highlighting the role of cultural proximity to Islamic traditions. These findings challenge conventional marketing approaches by revealing that non-Muslim consumers rely more heavily on external trust signals (brands and certification) than intrinsic product attributes when considering halal products. Penelitian ini menganalisis faktor-faktor yang mempengaruhi niat pembelian produk halal di kalangan konsumen non-Muslim di Indonesia. Dengan menggunakan Teori Perilaku yang Direncanakan (TPB) sebagai landasan konseptual, studi ini mengevaluasi pengaruh kesadaran halal, standar sertifikasi, atribut produk, strategi promosi, dan pengenalan merek terhadap niat pembelian konsumen. Data yang diperoleh dari 134 responden non-Muslim di lima kota besar di Indonesia dianalisis menggunakan model persamaan struktural (SEM). Hasil menunjukkan bahwa kelima faktor tersebut secara positif mempengaruhi niat pembelian, dengan pengenalan merek dan standar sertifikasi menunjukkan efek terkuat, diikuti oleh st…
creator: Benediktus Rolando
rights: Copyright (c) 2025 Benediktus Rolando https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2025-12-31
publication date: 2025-12-31
volume: 9
number: 2
starting page: 147
ending page: 171
doi: 10.30983/es.v9i2.9245

Islamic Investment among Entrepreneurs: the Impact of Financial Literacy, Religiosity, and Risk Profile, With Technology as Moderating Variable
type: item
description: The low level of entrepreneurial participation in Islamic investment, despite the promising growth of the Islamic finance industry, serves as the main motivation for this study. This research aims to analyze the influence of financial literacy, religiosity, and risk profile on Islamic investment decisions, with technology as a moderating variable, among entrepreneurs in Padang City. A quantitative approach with descriptive and associative design was employed. Data were collected through questionnaires distributed to 100 Muslim entrepreneurs in Padang who owned at least one type of Islamic investment. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS software. The findings reveal that financial literacy, religiosity, and risk profile have a significant positive effect on Islamic investment decisions. Technology was found to play a significant moderating role by strengthening the relationship between the independent variables and investment decisions. This study addresses a research gap by highlighting technology as a rarely discussed factor and positioning entrepreneurs as research objects based on the assumption that they possess greater investment capacity. Practically, the study provides insights for Islamic finance practitioners to continuously innovate and develop marketing strategies through technology. Academically, this research enriches the literature on Islamic finance by integrating it with social behavior and technological perspectives. Tingkat partisipasi kewirausahaan yang rendah dalam investasi syariah, meskipun industri keuangan syariah menunjukkan pertumbuhan yang menjanjikan, menjadi motivasi utama penelitian ini. Penelitian ini bertujuan untuk menganalisis pengaruh literasi keuangan, keagamaan, dan profil risiko terhadap keputusan investasi syariah, dengan teknologi sebagai variabel moderator, di kalangan wirausahawan di Kota Padang. Pendekatan kuantitatif dengan desain deskriptif dan asosiatif …
creator: Hadie Bandarian Syah
creator: Hulwati Hulwati
creator: Aidil Novia
creator: Trinitaria Marlis Putri
rights: Copyright (c) 2025 Hadie Bandarian Syah, Hulwati, Aidil Novia, Trinitaria Marlis Putri https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2025-12-31
publication date: 2025-12-31
volume: 9
number: 2
starting page: 201
ending page: 217
doi: 10.30983/es.v9i2.9871

Forecasting the Resilience and Stability of Indonesian Islamic Banking in the Face of Global Economic Uncertainty in 2030
type: item
description: This study aims to explore the stability and resilience of Islamic banking in the face of the 2030 global recession, providing a foundation for managerial implications in the world of Islamic banking. This research uses a quantitative approach with resilience indicators such as Return on Assets (ROA) and Non-Performing Financing (NPF), and stability indicators such as Capital Adequacy Ratio (CAR) and Financing to Deposit Ratio (FDR). The data used is secondary data from the financial statements for the period from the Q1 of 2019 to the Q4 of 2024. To provide an overview and to forecast of the level of resilience and stability, the ARIMA method is used. To illustrate the interrelationship and interaction, as well as the magnitude of the contribution of resilience variables to stability variables (CAR and NPF) with stability (ROA and FDR) in Islamic Banking in Indonesia, the VECM method is used. The analysis results show that overall, the CAR is in the very healthy category, although some banks experienced a decline at the end of 2024. NPF experienced a surge during the recession but tended to stabilize afterward. Meanwhile, ROA and FDR fluctuated due to global economic pressures but showed a stable long-term trend. VECM model estimates indicate a significant relationship between variables, where FDR and NPF influence ROA in the long run, while CAR plays more of a risk buffer role. This finding emphasizes the importance of capital optimization, strengthening risk management, and balance in intermediation functions to maintain the sustainability of the Islamic banking sector amidst global economic uncertainty toward 2030. Penelitian ini bertujuan untuk mengeksplorasi stabilitas dan ketahanan perbankan syariah dalam menghadapi resesi global 2030, untuk kemudian memberikan landasan bagi implikasi manajerial dalam dunia perbankan syariah. Penelitian ini menggunakan pendekatan kuantitatif dengan indikator ketahanan keuangan seperti Return on Assets (ROA) dan Non-Performing…
creator: Gadis Arniyati Athar
creator: T. Citra Nisa Farza
creator: Muhammad Fitri Rahmadana
creator: Nayla Salsabila Batubara
rights: Copyright (c) 2025 Gadis Arniyati Athar, T. Citra Nisa Farza, Muhammad Fitri Rahmadana, Nayla Salsabila Batubara https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2025-12-31
publication date: 2025-12-31
volume: 9
number: 2
starting page: 172
ending page: 200
doi: 10.30983/es.v9i2.9973

The Phenomenon of High Paylater and Financial Literacy in The Consumptive Behavior of Generation Z In Medan City
type: item
description: Technological advances have brought convenience to various aspects of life, especially payment systems and financial service products. The impact of developments in technological advances in financial services and payment systems is of great interest and attracts the attention of the public, especially Generation Z who are aware of digital developments in the current era, so curiosity about trying online shopping using the Paylater feature is increasing. The aim of this research is to review the factors inhibiting consumptive behavior and supporting the high level of Paylater, after that to determine financial literacy skills in managing lifestyle and consumptive behavior, to find out the solutions applied by Generation Z in minimizing Paylater users and consumptive behavior in generation Z in Medan City, North Sumatra. Triangulation data analysis techniques are assisted by the N-Vivo 12 Plus Tools. The supporting factors for PayLater's high level of consumer behavior in generation Z are ease of use, ease of access, lifestyle, lots of discounts and promos, financial literacy skills in managing the lifestyle of generation Z, namely financial management planning, recording income and expenses, not following trends and hedonism, solutions applied by Generation Z in minimizing PayLater users and consumptive behavior, namely not being tempted by promos and discounts, being able to differentiate between needs and desires, self-control over the influence of social media. Kemajuan teknologi telah membawa kemudahan dalam berbagai aspek kehidupan terutama sistem pembayaran dan produk layanan keuangan. Dampak perkembangan kemajuan teknologi layanan keuangan dan sistem pembayaran sangat di minati dan menarik perhatian masyarakat terutama kalangan generasi Z yang melek akan perkembangan digital di era saat ini sehingga rasa ingin tahu untuk mencoba berbelanja online dengan menggunakan fitur Paylater semakin meningkat. Tujuan penelitian ini untuk meninjau untuk faktor-faktor peng…
creator: Purwita
creator: Austin Alexander Parhusip
creator: M. Rafly Ramadhan
creator: Rendy Dwi Ananda
rights: Copyright (c) 2025 Purwita, Austin Alexander Parhusip, M. Rafly Ramadhan, Rendy Dwi Ananda https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2025-12-31
publication date: 2025-12-31
volume: 9
number: 2
starting page: 231
ending page: 245
doi: 10.30983/es.v9i2.10057

Islamic Marketing within the Digital Economy: Ethical and Sustainable Practices in Indonesia’s Cellular Services Sector
type: item
description: Islamic marketing represents an ethical–spiritual paradigm that situates marketing activities within a framework of moral accountability grounded in the principles of tawhid, al-‘adl (justice), sidq (honesty), amanah (trustworthiness), and ihsan (benevolence). Unlike conventional marketing approaches that prioritize profit maximization, Islamic marketing emphasizes a balanced integration of economic objectives, spiritual values, and social welfare. This study aims to analyze the application of Islamic marketing principles within Indonesia’s rapidly expanding cellular industry, characterized by increasing internet penetration and digital transformation. Implementing content analysis with systematic literature review methodology, this study synthesizes scholarly works on Islamic marketing, fiqh muamalah, digital marketing, and telecommunications. The findings indicate that Islamic marketing principles can enhance consumer trust, promote pricing transparency, ensure halal and secure digital services, and strengthen corporate responsibility in consumer data protection. Nevertheless, a persistent gap remains between Sharia based normative ideals and operational practices, as evidenced by unequal service accessibility, opaque pricing structures, and the limited internalization of ethical values in marketing strategies. This study concludes that the consistent integration of Islamic marketing values not only reinforces ethical compliance but also functions as a strategic resource for achieving sustainable competitive advantage, contributing to the development of a just, inclusive, and morally accountable digital marketplace. Islamic marketing merepresentasikan suatu paradigma etika–spiritual yang menempatkan aktivitas pemasaran dalam kerangka tanggung jawab moral dan sosial yang berlandaskan prinsip tawhid, al-‘adl (keadilan), sidq (kejujuran), amanah (kepercayaan), dan ihsan (kebajikan). Berbeda dengan pendekatan pemasaran konvensional yang berorientasi pada maksimalisasi…
creator: Muhammad Umar MayaPutra
creator: Yusrizal
rights: Copyright (c) 2025 Muhammad Umar MayaPutra, Yusrizal https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2025-12-31
publication date: 2025-12-31
volume: 9
number: 2
starting page: 125
ending page: 146
doi: 10.30983/es.v9i2.10101

Integration Islamic Social Finance and SDGs: Perspective Maqasid Sharia Based on Scientific Mapping
type: item
description: This study aims to analyze research trends related to the integration of Islamic social finance and SDGs in the perspective of Maqasid Shariah, published through the Scopus database from 2017 to 2024. This study uses a quantitative research method with bibliometric analysis by using R-Packages software and the Biblioshiny Web Interface for data analysis and visualization. The keywords used are Islamic social finance or Islamic finance or social finance or Zakat or Waqf and Sustainable Development Goals or SDGs or Maqasid Shariah. Based on the search results, 164 scientific papers were obtained. The results of the study show that the theme of Islamic social finance and SDGs in the perspective of Maqasid Shariah is still interesting to study today, although it fluctuates every year. The ISRA International Journal of Islamic Finance, the journal with the most discussions on Islamic social finance and the SDGs, was the most frequently discussed journal in 2022. The most frequently selected research keywords for the integration of Islamic social finance and the SDGs were Islamic social finance, Waqf, sustainable development goals, and co-occurrence network. The keywords Islamic Social Finance are linked to the Sustainable Development Goals and Maqasid Sharia, explaining the interconnectedness of the three terms note. This research has strategic implications for the development of scientific literature in the field of Islamic social finance and its contribution to the SDGs through the Maqasid Syariah approach and provides new contributions in identifying trends, collaboration patterns, and also conceptual maps of research quantitatively and visually. Kemajuan teknologi telah membawa kemudahan dalam berbagai aspek kehidupan, terutama sistem pembayaran dan produk layanan keuangan. Dampak perkembangan kemajuan teknologi dalam layanan keuangan dan sistem pembayaran menjadi topik yang menarik perhatian publik, terutama Generasi Z yang sadar akan perkembangan digital di era saa…
creator: Fitri Ana Siregar
rights: Copyright (c) 2025 Fitri Ana Siregar https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2025-12-31
publication date: 2025-12-31
volume: 9
number: 2
starting page: 218
ending page: 230
doi: 10.30983/es.v9i2.10201

Integration of Sharia Compliance, Environmental, Social, and Governance (Esg) on Financial Performance: an Empirical Study Across Sharia and Conventional Banks
type: item
description: This study aims to analyze the effect of ESG and Sharia compliance on the financial performance of banks in Indonesia, measured by ROA, and to examine the role of Sharia compliance as a moderating variable. This quantitative study uses secondary data from 34 banks listed on the Indonesia Stock Exchange (IDX) for the period 2022–2024. Purposive sampling was used for sample selection, while the analysis was conducted using multiple linear regression with SPSS version 25. The results show that ESG has a positive and significant effect on ROA, meaning that the application of sustainability principles increases bank profitability. Sharia compliance also has a positive and significant effect on ROA, indicating that sharia practices support financial performance. However, the interaction between ESG and sharia compliance does not have a significant effect on ROA, while the Size variable has a positive but insignificant effect. These findings support legitimacy theory and stakeholder theory, and provide recommendations for banks to strengthen the integration of ESG and sharia principles in order to improve financial sustainability. This study is an initial empirical study that examines the moderation of sharia compliance in the relationship between ESG and the financial performance of Indonesian banks. Penelitian ini menganalisis bagaimana praktik Lingkungan, Sosial, dan Tata Kelola (ESG) serta kepatuhan Syariah memengaruhi kinerja keuangan bank-bank di Indonesia, yang diukur melalui Return on Assets (ROA), dengan kepatuhan Syariah juga dipertimbangkan sebagai faktor moderasi. Menggunakan pendekatan kuantitatif, penelitian ini menganalisis data sekunder dari 34 bank yang terdaftar di Bursa Efek Indonesia (BEI) periode 2022–2024 dan dianalisis menggunakan regresi linier berganda. Hasil penelitian menunjukkan bahwa praktik ESG dan kepatuhan Syariah memiliki dampak positif dan signifikan terhadap ROA, menunjukkan bahwa inisiatif keberlanjutan dan kepatuhan terhadap prinsip-pri…
creator: Fitra Izzadieny
creator: Deafatunnizwa Ulfida
creator: Nor Rahma Rizka
creator: M Bastian
creator: Rahmatullah Alfikri
rights: Copyright (c) 2025 Fitra Izzadieny, Deafatunnizwa Ulfida, Nor Rahma Rizka, M Bastian, Rahmatullah Alfikri https://creativecommons.org/licenses/by-sa/4.0
license: https://creativecommons.org/licenses/by-sa/4.0
date: 2025-12-31
publication date: 2025-12-31
volume: 9
number: 2
starting page: 246
ending page: 267
doi: 10.30983/es.v9i2.10262