Jurnal Masharif Al-Syariah: Jurnal Ekonomi dan Perbankan Syariah
type: channel
description: Journal Information Original title : Jurnal Masharif Al-Syariah: Jurnal Ekonomi dan Perbankan Syariah Short title : Masharif Frequency : 4 Issues per Year (March, June, September, December) DOI : 10.30651/Jurnal Masharif Al-Syariah ISSN : 2527 - 6344 (Printed), 2580 - 5800 (Online) Editor-in-Chief : Haqiqi Rafsanjani Publisher : UMSurabaya Publishing Language : Indonesia, English Citation Analysis : Google Scholar, DOAJ, Garuda, Sinta, ROAD, Crossref, Moraref, Dimensions Subject Area; Category : Economic; Islamic Banking Discipline : Islamic Banking, Islamic Finance, Islamic Economic Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah (e-ISSN: 2580-5800; p-ISSN: 2527-6344) is a journal that is managed by the Islamic Banking Study Program, Muhammadiyah University of Surabaya and in collaboration with professional organizations, namely Ikatan Ahli Ekonomi Islam. This journal is published three times a year (April, August and December). This journal focuses on the publication of research results and scientific articles on islamic banking, islamic finance, islamic microfinance institutions, non-bank financial institutions, islamic capital market, islamic economic and other themes related to Islamic finance. Editors accept articles that have never been published in other media/journals in accordance with journal writing guidelines.
publisher: Universitas Muhammadiyah Surabaya
language: en-US
publication name: Jurnal Masharif Al-Syariah: Jurnal Ekonomi dan Perbankan Syariah
issn: 2527-6344
copyright: The Authors submitting a manuscript do so on the understanding that if accepted for publication, copyright of the article shall be assigned to Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah and Faculty Of Islamic Religiuos Universitas Muhammadiyah Surabaya as publisher of the journal. Copyright encompasses exclusive rights to reproduce and deliver the article in all form and media, including reprints, photographs, microfilms and any other similar reproductions, as well as translations. The reproduction of any part of this journal, its storage in databases and its transmission by any form or media, such as electronic, electrostatic and mechanical copies, photocopies, recordings, magnetic media, etc., will be allowed only with a written permission from Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah and Faculty Of Islamic Religiuos Universitas Muhammadiyah Surabaya. Faculty Of Islamic Religiuos Universitas Muhammadiyah Surabaya, the Editors and the Advisory Editorial Board make every effort to ensure that no wrong or misleading data, opinions or statements be published in the journal. In any way, the contents of the articles and advertisements published in the Tadarus are sole and exclusive responsibility of their respective authors and advertisers. Rights of Authors The Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah And Faculty Of Islamic Religiuos Universitas Muhammadiyah Surabaya recognize the retention of the following: Patent and trademark rights and rights to any process or procedure described in the article. The right to photocopy or make single electronic copies of the article for their own personal use, including for their own classroom use, or for the personal use of colleagues, provided the copies are not offered for sale and are not distributed in a systematic way outside of their employing institution (e.g. via an e-mail list or public file server). Posting of an article on a secure network (not accessi…
items: DETERMINAN INDEKS PEMBANGUNAN MANUSIA DENGAN PENYALURAN DANA ZAKAT SEBAGAI VARIABEL MODERASI (Studi Empiris: Delapan Kabupaten/Kota di Provinsi Banten Tahun 2019-2023)
items: The Effect of the Rupiah/USD Exchange Rate and World Gold Prices on the Stock Price of PT Aneka Tambang Tbk (ANTM): Evidence from the Indonesian Sharia Stock Index, 2021–2024
items: Marketing Strategies for Hajj and Umrah Products from a Performance Marketing Perspective: A Case Study of PT Wuhi Tour Bengkulu
items: The Implementation of Sharia Contracts in Islamic Banking Operations: A Fiqh al-Muamalah Perspective
items: The Digital Transformation of MSMEs and Its Alignment with Islamic Business Ethics: Evidence from the Panjang Beach Area, Bengkulu City
items: An Efficiency Analysis of Textile and Garment Companies Listed on the Indonesian Sharia Stock Index (ISSI) During the 2016–2024 Period: A Data Envelopment Analysis Approach
items: Halal Awareness and Discounts on Consumers' Purchase Decisions: Evidence from DRW Skincare
items: https://journal.um-surabaya.ac.id/Mas/article/view/32398
items: Digital Transformation in Enhancing the Performance and Services of Islamic Banks in Indonesia
items: https://journal.um-surabaya.ac.id/Mas/article/view/31944
items: Evaluating the Market Penetration Strategy of an Islamic Rural Bank in Rural Areas: A Case Study of BPRS Bhakti Sumekar, Pragaan Branch Office
items: Generation Z Participation in Implementing Ziswaf: The Roles of Literacy, Social Interest, and Religiosity
items: Optimalisasi Distribusi Dana Sosial Islam Melalui Perbankan Syariah
items: Keadilan dan Trasparansi dalam Pemenuhan Akad Istisna' pada Usaha Konveksi Mikro: Studi Kasus Toko Vinstore Konveksi
items: Analisis Strategi Bauran Pemasaran Syariah Produk Rengginang di Desa Klompang Barat Pakong Pamekasan
items: Determinants of Mudharabah Deposits in Islamic Rural Banks in Indonesia: Evidence from the 2020–2024 Period
items: The Effects of Islamic Financial Instruments and Inflation on Economic Growth: The Mediating Role of the Human Development Index in Java, Indonesia
items: The Effects of Income and Islamic Lifestyle on Consumptive Behavior in the Use of Shopee PayLater: A Study in Setiabudi District
items: Pengaruh Penyaluran Dana ZIS dan Pertumbuhan Ekonomi Terhadap Tingkat Kemiskinan di Provinsi Bengkulu Periode 2021-2024
items: Peran Ibu Rumah Tangga Buruh Industri Batu Bata dalam Meningkatkan Ekonomi Keluarga Perspektif Ekonomi Islam
items: Analisis Pengaruh Penyaluran Zakat Terhadap Kesejahteraan Mustahik di Kabupaten Gresik
items: Efektivitas Zakat dan Pembiayaan Perbankan Syariah terhadap Penurunan Kemiskinan di Aceh

DETERMINAN INDEKS PEMBANGUNAN MANUSIA DENGAN PENYALURAN DANA ZAKAT SEBAGAI VARIABEL MODERASI (Studi Empiris: Delapan Kabupaten/Kota di Provinsi Banten Tahun 2019-2023)
type: item
description: Penelitian ini bertujuan untuk menganilisis pengaruh pengangguran, kemiskinan, dan rasio gini terhadap Indeks Pembangunan Manusia (IPM) dengan zakat sebagai variabel moderasi pada delapan kabupaten/kota di Provinsi Banten periode 2019-2023. Penelitian ini menggunakan pendekatan kuantitatif dengan data sekunder yang diperoleh dari Badan Pusat Statistik (BPS) dan Badan Amil Zakat Nasional (BAZNAS). Metode analisis yang dilakukan adalah regresi data panel dengan Fixed Effect Model (FEM) dan Moderated Regression Analysis (MRA). Hasil penelitian menunjukkan bahwa pengangguran dan rasio gini tidak berpengaruh terhadap Indeks Pembangunan Manusia, sedangkan kemiskinan berpengaruh positif signifikan terhadap Indeks Pembangunan Manusia. Selain itu, zakat tidak mampu memoderasi pengaruh pengangguran, kemiskinan, dan rasaio gini terhadap Indeks Pembangunan Manusia. Oleh karena itu, diperlukan optimalisasi pengelolaan dan pendistribusian zakat agar dapat berkontribusi lebih efektif dalam meningkatankan kesejahteraan masyarakat. Kata kunci: Indeks Pembangunan Manusia, Pengangguran, Kemiskinan, Rasio Gini, Zakat
creator: nabila
rights: Copyright (c) 2026 nabila
date: 2026-08-20
publication date: 2026-08-20
volume: 11
number: 4
doi: 10.30651/jms.v11i4.33647

The Effect of the Rupiah/USD Exchange Rate and World Gold Prices on the Stock Price of PT Aneka Tambang Tbk (ANTM): Evidence from the Indonesian Sharia Stock Index, 2021–2024
type: item
description: Penelitian ini dilatarbelakangi oleh fluktuasi Kurs Rupiah/USD dan Harga Emas Dunia yang dapat memengaruhi pergerakan Harga Saham PT Aneka Tambang Tbk (ANTM) pada pasar modal syariah. Penelitian terdahulu menunjukkan hasil yang berbeda-beda mengenai pengaruh kurs dan harga emas dunia terhadap saham syariah sehingga menimbulkan research gap. Selain itu, penelitian yang secara khusus membahas saham ANTM dalam Indeks Saham Syariah Indonesia (ISSI) periode 2021–2024 masih terbatas. Penelitian ini bertujuan untuk mengetahui pengaruh Kurs Rupiah/USD dan Harga Emas Dunia terhadap Harga Saham ANTM baik secara parsial maupun simultan. Penelitian menggunakan pendekatan kuantitatif dengan jenis penelitian asosiatif. Data yang digunakan berupa data sekunder time series bulanan periode 2021–2024 sebanyak 48 sampel yang diperoleh dari Bank Indonesia, Investing.com, dan Bursa Efek Indonesia. Analisis data menggunakan regresi linier berganda melalui uji asumsi klasik, uji t, uji F, dan koefisien determinasi (R²). Hasil penelitian menunjukkan bahwa Kurs Rupiah/USD dan Harga Emas Dunia secara parsial berpengaruh negatif dan signifikan terhadap Harga Saham ANTM. Secara simultan, kedua variabel juga berpengaruh signifikan terhadap Harga Saham ANTM dengan nilai signifikansi 0,000 <0,05. Nilai koefisien determinasi sebesar 0,767 menunjukkan bahwa Kurs Rupiah/USD dan Harga Emas Dunia mampu menjelaskan pengaruh terhadap Harga Saham ANTM sebesar 76,7%, sedangkan sisanya dipengaruhi faktor lain di luar penelitian.
creator: Alfani Mubarak
creator: Mujibno
rights: Copyright (c) 2026 Alfani Mubarak
date: 2026-06-11
publication date: 2026-06-11
volume: 11
number: 4
doi: 10.30651/jms.v11i4.31893

Marketing Strategies for Hajj and Umrah Products from a Performance Marketing Perspective: A Case Study of PT Wuhi Tour Bengkulu
type: item
description: Competition in the Hajj and Umrah travel business is getting tougher along with the development of digital technology, so companies are required to implement measurable and effective marketing strategies. This study aims to analyze the performance of marketing strategies, describe the results of the SWOT analysis, and identify supporting and inhibiting factors at PT. Wuhi Tour Bengkulu. The method used is descriptive qualitative through in-depth interviews, observation, and documentation with the Director and staff of PT. Wuhi Tour Bengkulu. The results show that the marketing performance strategy is implemented through three stages: planning by segmenting prospective pilgrims based on age, economic conditions, and readiness to worship; implementation through multi-channel marketing using digital and conventional media with personal follow-up; and measurement based on the number of inquiries, registrations, and growth of pilgrims per period. The SWOT analysis shows strengths in the partner network and service quality, weaknesses in social media content, opportunities from digital developments, and threats of price competition. Inhibiting factors include economic conditions and the mindset of prospective pilgrims who prioritize low prices. This strategy has been implemented in a structured manner, but needs to improve the quality of digital content and consistency in communicating service values ​​to increase the conversion of Hajj pilgrims sustainably.
creator: Karien Nabila Ayu
creator: Khairiah Elwardah
creator: Khozin Zaki
rights: Copyright (c) 2026 Karien Nabila Ayu, Khairiah Elwardah, Khozin Zaki
date: 2026-06-11
publication date: 2026-06-11
volume: 11
number: 4
doi: 10.30651/jms.v11i4.32177

The Implementation of Sharia Contracts in Islamic Banking Operations: A Fiqh al-Muamalah Perspective
type: item
description: Penelitian ini membahas implementasi akad-akad dalam operasional bank syariah berdasarkan perspektif fiqih muamalah. Penelitian bertujuan untuk mengetahui penerapan akad penghimpunan dana, pembiayaan jual beli, pembiayaan bagi hasil, akad sewa, serta prinsip kehati-hatian dalam operasional bank syariah. Metode penelitian yang digunakan adalah penelitian kualitatif dengan pendekatan studi kepustakaan melalui berbagai jurnal dan buku terkait ekonomi Islam dan fiqih muamalah. Hasil penelitian menunjukkan bahwa implementasi akad pada bank syariah telah menggunakan akad yang sesuai dengan prinsip syariah, seperti wadi’ah, mudharabah, murabahah, salam, istishna’, musyarakah, ijarah, dan ijarah muntahiya bit tamlik. Penerapan akad tersebut dilakukan berdasarkan prinsip keadilan, transparansi, kerelaan, dan penghindaran unsur riba, gharar, serta maisir. Selain itu, penerapan prinsip kehati-hatian dan pengawasan Dewan Pengawas Syariah berperan penting dalam menjaga kepatuhan syariah pada operasional bank syariah. Meskipun demikian, masih terdapat tantangan berupa rendahnya literasi masyarakat dan potensi penyimpangan akad sehingga diperlukan penguatan edukasi dan pengawasan syariah agar implementasi akad berjalan sesuai dengan prinsip fiqih muamalah.
creator: Rini Wahyuni Batubara
creator: Jureid
creator: Mhd Rezki Fadly Lubis
creator: Warda Afriani
creator: Riska Amelia
rights: Copyright (c) 2026 Rini Wahyuni Batubara, Jureid, Muhammad Rezki Fadly Lubis, Warda Afriani, Riska Amelia
date: 2026-06-16
publication date: 2026-06-16
volume: 11
number: 4
doi: 10.30651/jms.v11i4.31788

The Digital Transformation of MSMEs and Its Alignment with Islamic Business Ethics: Evidence from the Panjang Beach Area, Bengkulu City
type: item
description: Digital transformation has become a crucial strategy for Micro, Small, and Medium Enterprises (MSMEs) to enhance their competitiveness in the era of information technology advancement. The use of social media, marketplaces, digital payments, and various online platforms provides opportunities for MSMEs to expand their marketing reach and improve business efficiency. However, the implementation of digital transformation also requires adherence to the principles of Islamic business ethics, such as honesty, trustworthiness, fairness, and transparency in all business activities. This study aims to analyze the digital transformation practices undertaken by MSMEs in the Panjang Beach area of ​​Bengkulu City and assess their compliance with Islamic business ethics. The study employed a qualitative descriptive approach with field research methods. Informants were selected through purposive sampling, involving MSMEs actively utilizing digital technology in their business activities. Data were collected through observation, in-depth interviews, and documentation, then analyzed using the Miles and Huberman model, which includes data reduction, data presentation, and conclusion drawing. The results are expected to provide an overview of the implementation of digital transformation in MSMEs and its level of compliance with the principles of Islamic business ethics. Furthermore, this research is expected to serve as a reference for MSMEs in developing digital-based businesses that are not solely focused on economic profit but also adhere to Sharia values ​​in their business practices.
creator: Nadia Ananda Putri
creator: Romi Adetio Setiawan
creator: Nurrahmah Putry
rights: Copyright (c) 2026 Nadia Ananda Putri, Romi Adetio Setiawan, Nurrahmah Putry
date: 2026-06-18
publication date: 2026-06-18
volume: 11
number: 4
doi: 10.30651/jms.v11i4.32399

An Efficiency Analysis of Textile and Garment Companies Listed on the Indonesian Sharia Stock Index (ISSI) During the 2016–2024 Period: A Data Envelopment Analysis Approach
type: item
description: Penelitian ini menganalisis tingkat efisiensi 12 perusahaan tekstil dan garmen yang terdaftar di Indeks Saham Syariah Indonesia (ISSI) periode 2016-2024 menggunakan metode Data Envelopment Analysis (DEA) dengan pendekatan VRS berorientasi output. Variabel input meliputi biaya bahan baku, biaya tenaga kerja, dan biaya operasional, sedangkan output adalah laba bersih. Hasil penelitian menunjukkan bahwa tidak ada perusahaan yang konsisten mencapai efisiensi sempurna (100%) setiap tahun. PT Argo Pantes Tbk mencapai rata-rata efisiensi tertinggi (95,80%), sementara PT Panasia Indo Resources Tbk terendah (79,00%). Mayoritas perusahaan berada pada kategori efisiensi cukup hingga tinggi, namun masih terdapat ruang perbaikan dalam pengelolaan input, terutama biaya bahan baku dan operasional, untuk memaksimalkan laba bersih. Kata Kunci: Efisiensi, Perusahaan Tekstil dan Garmen, ISSI, Data Envelopment Analysis (DEA), Variable Return to Scale (VRS)
creator: Dian Sastrawardani
creator: Moh, Mukhsin
creator: Ahmad Fatoni
rights: Copyright (c) 2026 Dian Sastrawardani
date: 2026-06-16
publication date: 2026-06-16
volume: 11
number: 4
doi: 10.30651/jms.v11i4.31365

Halal Awareness and Discounts on Consumers' Purchase Decisions: Evidence from DRW Skincare
type: item
description: This study aims to examine the influence of halal awareness and discounts on purchasing decisions for DRW Skincare products at the Masaran Sentol Laok Sumenep branch. This research is based on the increasing need for skincare products among Muslim consumers and the growing importance of halal assurance in consumer behavior. In addition, discount strategies are also considered capable of influencing purchasing decisions. This study used a quantitative approach with a survey method. The population consisted of consumers of DRW Skincare at the Masaran Sentol Laok Sumenep branch, with 55 respondents selected as the sample. Data were collected through questionnaires and analyzed using multiple linear regression, partial test, and simultaneous test. The results show that halal awareness has a positive effect on purchasing decisions. Discounts also have a positive effect on purchasing decisions. Simultaneously, halal awareness and discounts influence consumer purchasing decisions for DRW Skincare products. These findings indicate that halal assurance and promotional strategies are important factors in strengthening consumer trust and encouraging purchasing behavior.
creator: Sulalah
creator: Wardatus Syarifah
rights: Copyright (c) 2026 Sulalah, Wardatus Syarifah
date: 2026-06-18
publication date: 2026-06-18
volume: 11
number: 4
doi: 10.30651/jms.v11i4.32397

https://journal.um-surabaya.ac.id/Mas/article/view/32398
type: item
title: Effects of Electronic Word-of-Mouth (e-WOM), Customer Engagement, and Customer Experience on Customer Loyalty toward Muslim Fashion Products on Shopee: Evidence from Generation Z Muslims in Bengkulu City
description: This study aims to examine the influence of Electronic Word of Mouth (eWOM), customer engagement, and customer experience on customer loyalty toward Muslim fashion products on Shopee e-commerce among Muslim Generation Z in Bengkulu City. This research employed a quantitative approach with a causal research design. The population consisted of Muslim Generation Z consumers in Bengkulu City who use Shopee and have purchased Muslim fashion products. The sample comprised 100 respondents selected using the Slovin formula and purposive sampling technique. Data were collected through a questionnaire distributed via Google Forms to respondents who met the research criteria. The collected data were analyzed using multiple linear regression with the assistance of SPSS version 27. The results indicate that Electronic Word of Mouth (eWOM) has a positive and significant effect on customer loyalty. Customer engagement also has a positive and significant effect on customer loyalty. Likewise, customer experience has a positive and significant effect on customer loyalty. Furthermore, Electronic Word of Mouth (eWOM), customer engagement, and customer experience simultaneously have a positive and significant effect on customer loyalty toward Muslim fashion products on Shopee e-commerce among Muslim Generation Z in Bengkulu City.
creator: Lia Elenda
creator: Noni Afrianty
creator: Citra Liza
rights: Copyright (c) 2026 Lia Elenda, Noni Afrianty, Citra Liza
date: 2026-06-18
publication date: 2026-06-18
volume: 11
number: 4
doi: 10.30651/jms.v11i4.32398

Digital Transformation in Enhancing the Performance and Services of Islamic Banks in Indonesia
type: item
description: Perkembangan teknologi digital mendorong transformasi signifikan dalam industri perbankan, termasuk perbankan syariah. Transformasi ini tidak hanya meningkatkan efisiensi operasional, tetapi juga kualitas layanan kepada nasabah, dengan tetap memperhatikan prinsip-prinsip syariah.Penelitian ini bertujuan untuk menganalisis peran transformasi digital dalam meningkatkan kinerja dan kualitas layanan bank syariah di Indonesia. Metode yang digunakan adalah pendekatan kualitatif melalui studi pustaka dengan memanfaatkan data sekunder dari jurnal, buku, dan laporan resmi.Hasil penelitian menunjukkan bahwa transformasi digital mampu meningkatkan efisiensi, mempercepat transaksi, serta memperluas akses layanan. Selain itu, kualitas layanan juga meningkat melalui kemudahan, kecepatan, dan transparansi. Namun, implementasinya masih menghadapi tantangan seperti risiko keamanan siber, keterbatasan infrastruktur, dan rendahnya literasi digital.Dengan demikian, transformasi digital berperan strategis dalam pengembangan perbankan syariah, dengan tetap memperhatikan prinsip syariah dan kesiapan teknologi serta sumber daya manusia.
creator: Novi Yanti Safitri Pulungan
creator: Jureid
creator: Rina Sari
creator: Kholidatun Napisah
rights: Copyright (c) 2026 pulungannovi yanti, Jureid
date: 2026-06-22
publication date: 2026-06-22
volume: 11
number: 4
doi: 10.30651/jms.v11i4.31515

https://journal.um-surabaya.ac.id/Mas/article/view/31944
type: item
title: Reconstructing the Role of Islamic Social Finance Institutions in the Regional Social Protection Architecture: A Structural Critique of Regulatory Fragmentation and an Integrated Maqasid-Based Model in Bengkulu Province
description: Lembaga Keuangan Sosial Islam (LKSI), yang meliputi Zakat, Infak, Sedekah, dan Wakaf (ZISWAF), memiliki potensi yang sangat besar dalam mendukung kesejahteraan sosial dan pengentasan kemiskinan. Namun, di Indonesia, khususnya di Provinsi Bengkulu, integrasi LKSI ke dalam sistem perlindungan sosial daerah masih belum optimal. Kondisi ini terutama disebabkan oleh fragmentasi regulasi, dualisme kelembagaan, serta dominasi pendekatan yang bersifat karitatif, sehingga membatasi dampak sistemik LKSI dalam mengatasi ketimpangan sosial-ekonomi. Penelitian ini menggunakan pendekatan kualitatif dengan desain normatif-yuridis dan konseptual yang didukung oleh perspektif kritis-struktural. Data dikumpulkan melalui studi kepustakaan dan dokumentasi yang mencakup kerangka hukum, dokumen kebijakan, serta berbagai sumber akademik yang relevan. Analisis difokuskan pada identifikasi fragmentasi regulasi, tantangan kelembagaan, dan potensi integrasi LKSI dalam kerangka perlindungan sosial daerah dengan menggunakan maqashid syariah sebagai pisau analisis. Temuan penelitian menunjukkan bahwa LKSI di Bengkulu belum terintegrasi secara sistematis ke dalam arsitektur perlindungan sosial daerah. Fragmentasi regulasi dan lemahnya koordinasi antarlembaga telah menyebabkan tumpang tindih program, inefisiensi, serta terbatasnya dampak kebijakan. Selain itu, implementasi LKSI masih didominasi oleh program bantuan yang bersifat konsumtif dan jangka pendek, sehingga belum memberikan kontribusi yang signifikan terhadap pemberdayaan ekonomi yang berkelanjutan. Dari perspektif maqashid syariah, praktik yang berjalan saat ini belum sepenuhnya mewujudkan tujuan kesejahteraan sosial yang komprehensif, terutama dalam aspek perlindungan harta (hifz al-mal), perlindungan jiwa (hifz al-nafs), Penelitian ini mengusulkan model integratif berbasis maqashid syariah yang menekankan harmonisasi regulasi, kolaborasi kelembagaan, transformasi program menuju pemberdayaan produktif, serta pengembangan sistem data yan…
creator: Syafitri Angraini
rights: Copyright (c) 2026 Syafitri Angraini
date: 2026-06-22
publication date: 2026-06-22
volume: 11
number: 4
doi: 10.30651/jms.v11i4.31944

Evaluating the Market Penetration Strategy of an Islamic Rural Bank in Rural Areas: A Case Study of BPRS Bhakti Sumekar, Pragaan Branch Office
type: item
description: Islamic Rural Banks (BPRS) play an important role in enhancing Islamic financial inclusion and local economic development in rural areas. However, BPRS face significant challenges in expanding their market share, such as low financial literacy among the community, limited infrastructure, and competition with conventional banks. Therefore, evaluating the market penetration strategies of BPRS is crucial to ensure the successful expansion of Islamic financial services in rural areas. This study aims to evaluate the effectiveness of the market penetration strategies implemented by BPRS Bhakti Sumekar KCP Pragaan in rural areas. The research problems include: how are the market penetration strategies applied by BPRS Bhakti Sumekar KCP Pragaan in rural areas, and what challenges and opportunities are encountered in implementing these strategies. This research uses a descriptive qualitative approach through a case study at BPRS Bhakti Sumekar KCP Pragaan. Data were collected through in-depth interviews, observations, and documentation involving BPRS management, marketing staff, customers, and members of the rural community. The results of the study show that the market penetration strategies implemented by BPRS Bhakti Sumekar KCP Pragaan include social and personal approaches through direct outreach to the community, utilization of local and digital media, and regular promotional activities. The study also identifies key challenges such as low financial literacy, limited geographic access, competition with conventional banks, and limited technological adoption among rural communities. Nevertheless, there are significant opportunities that can be leveraged, including the strong Islamic values of the community, high demand for microfinance, and government support for Islamic financial inclusion. These findings provide a comprehensive overview of the successes and constraints in implementing market penetration strategies by BPRS in rural areas.
creator: Nurhaliza
creator: Nurul Hidayati
rights: Copyright (c) 2026 Nurhaliza, Nurul Hidayati
date: 2026-07-09
publication date: 2026-07-09
volume: 11
number: 4
doi: 10.30651/jms.v11i4.32961

Generation Z Participation in Implementing Ziswaf: The Roles of Literacy, Social Interest, and Religiosity
type: item
description: The research aims to analyzes the influence of literacy, social interest, and religiosity on Generation Z’s participation in ZISWAF. Generation Z was chosen due to their role in using digital technology and social media, which can enhance management of ZISWAF. Despite Indonesia’s vast ZISWAF potential, participation by Generation Z remains low. This may be due to limited ZISWAF literacy and social and religious factors. The research employs a quantitative approach using a survey distributed to 100 Generation Z respondents in Indonesia, with purposive sampling ensuring participants had relevant ZISWAF knowledge. The results indicate that ZISWAF literacy did not have a significant effect on participation, suggesting that basic knowledge alone is insufficient to motivate involvement. In contrast, social interest showed a positive and significant influence on participation, highlighting the importance of social attitudes in driving engagement. Religiosity did not show a significant impact, possibly due to differences in understanding and applying religious values in daily life. Overall, the combined influence of literacy, social interest, and religiosity significantly affects participation. These findings imply that a comprehensive strategy, which enhances ZISWAF literacy and social attitudes, is necessary to boost Generation Z’s participation in sustainable ZISWAF management.
creator: Lathiefa Rusli
creator: Zulfa Fadillah
creator: Danik Choiriyah Purnomo
creator: Ely Masykuroh
rights: Copyright (c) 2026 Lathiefa Rusli, Zulfa Fadillah, Danik Choiriyah Purnomo, Ely Masykuroh
date: 2026-08-04
publication date: 2026-08-04
volume: 11
number: 4
doi: 10.30651/jms.v11i4.31911

Optimalisasi Distribusi Dana Sosial Islam Melalui Perbankan Syariah
type: item
description: Islamic banks are intermediary institutions that perform two functions, namely commercial and social functions. However, the social function of Islamic banks has not been fully realized in practice and the real sector, as banks tend to focus more on business and financial performance while neglecting social aspects. As Sharia-compliant financial institutions, Islamic banks have a Islamic Social Finance function, the have authority to collect zakat, infaq, sadaqah, grants, and other social funds and distribute them to the relevant institutions. This study employs a qualitative approach through a literature review and analyzes the data using deductive reasoning to draw conclusions. The findings indicate that the distribution of zakat has not been optimal due to the commingling of zakat funds with infaq and sadaqah funds, all of which are collectively recognized as part of Corporate Social Responsibility (CSR) programs. Existing zakat distribution practices are more focused on productive distribution schemes that generate long-term impacts, while the fulfillment of basic needs, which is a prerequisite for productive zakat, has not been adequately addressed. From an institutional perspective, there is also a lack of coordination and cooperation between Islamic banks and the National Zakat Agency (BAZNAS). The distribution of zakat can be optimized through the separation of zakat funds from CSR funds, as well as the separation of zakat from infaq and sadaqah funds. Furthermore, a proper classification of mustahik (zakat beneficiaries) is needed to ensure that both consumptive and productive zakat distributions are appropriately targeted. Enhanced coordination and collaboration between Islamic banks and BAZNAS are also essential to improve the effectiveness of zakat distribution.
creator: Roifatus Syauqoti
creator: Aip Wahidzul Latif
creator: Luluk Wahyu Roficoh
rights: Copyright (c) 2026 Roifatus Syauqoti, Aip Wahidzul Latif, Luluk Wahyu Roficoh
date: 2026-08-06
publication date: 2026-08-06
volume: 11
number: 4
doi: 10.30651/jms.v11i4.33206

Keadilan dan Trasparansi dalam Pemenuhan Akad Istisna' pada Usaha Konveksi Mikro: Studi Kasus Toko Vinstore Konveksi
type: item
description: Penelitian ini bertujuan untuk menganalisis penerapan akad istisna’ dalam perspektif keadilan dan transparansi pada Toko Vinstore Konveksi. Penelitian ini menggunakan metode penelitian kualitatif dengan pendekatan deskriptif. Teknik pengumpulan data dilakukan melalui observasi, wawancara, dan dokumentasi terhadap pihak pemilik usaha, karyawan, serta konsumen. Hasil penelitian menunjukkan bahwa penerapan akad istisna’ pada Toko Vinstore Konveksi telah berjalan sesuai dengan prinsip dasar ekonomi syariah, yang ditunjukkan melalui adanya kesepakatan awal terkait spesifikasi produk, harga, dan waktu pengerjaan sebelum proses produksi dilakukan. Dari aspek keadilan, praktik transaksi telah mencerminkan keseimbangan hak dan kewajiban antara produsen dan konsumen berdasarkan prinsip saling ridha. Dari aspek transparansi, informasi terkait harga, proses produksi, dan waktu pengerjaan telah disampaikan secara terbuka kepada konsumen. Selain itu, praktik akad yang dilakukan juga mampu meminimalisir unsur gharar karena adanya kejelasan objek pesanan dan kesepakatan di awal transaksi. Dengan demikian, penerapan akad istisna’ pada Toko Vinstore Konveksi menunjukkan bahwa usaha mikro mampu mengimplementasikan prinsip akad syariah secara aplikatif dalam kegiatan bisnis sehari-hari.
creator: Hendra
creator: Tri Hidayati
rights: Copyright (c) 2026 Hendra ndra
date: 2026-08-06
publication date: 2026-08-06
volume: 11
number: 4
doi: 10.30651/jms.v11i4.32799

Analisis Strategi Bauran Pemasaran Syariah Produk Rengginang di Desa Klompang Barat Pakong Pamekasan
type: item
description: Penelitian ini dilakukan untuk menganalisis penerapan strategi bauran pemasaran syariah pada usaha rengginang di Desa Klompang Barat Kecamatan Pakong Kabupaten Pamekasan. Metode penelitian yang digunakan adalah pendekatan kualitatif dengan jenis penelitian lapangan. Data penelitian diperoleh melalui kegiatan observasi, wawancara, dan dokumentasi terhadap pelaku usaha serta konsumen produk rengginang. Berdasarkan hasil penelitian, diketahui bahwa strategi bauran pemasaran syariah yang diterapkan pada usaha rengginang sudah berjalan dengan cukup baik. Produk yang dipasarkan memiliki kualitas yang baik, rasa yang khas, harga yang sesuai dengan kemampuan masyarakat, serta pelayanan yang baik kepada konsumen sehingga mampu menarik minat pembeli secara konsisten. Selain itu, penerapan prinsip-prinsip syariah seperti kejujuran, amanah, menjaga kebersihan, dan penggunaan bahan halal menjadi faktor penting dalam membangun kepercayaan konsumen terhadap produk rengginang tersebut. Akan tetapi, masih terdapat beberapa kendala dalam kegiatan pemasaran, seperti kemasan produk yang masih sederhana, promosi yang belum maksimal, dan pemanfaatan media sosial yang masih terbatas. Oleh karena itu, diperlukan inovasi dalam kemasan produk dan pengembangan pemasaran digital agar produk rengginang dapat memperluas pasar, meningkatkan penjualan, serta mampu bersaing dengan produk lainnya di era modern saat ini. Strategi pemasaran yang baik juga diharapkan dapat membantu perkembangan usaha rengginang secara berkelanjutan, memperkuat ekonomi masyarakat, dan meningkatkan daya saing produk lokal di tengah persaingan usaha yang semakin berkembang pesat.
creator: Jumaidah
creator: Maksum
rights: Copyright (c) 2026 jumaidah jumaidah
date: 2026-08-05
publication date: 2026-08-05
volume: 11
number: 4
doi: 10.30651/jms.v11i4.33386

Determinants of Mudharabah Deposits in Islamic Rural Banks in Indonesia: Evidence from the 2020–2024 Period
type: item
description: Abstrack This study aims to analyze the determinants of mudharabah deposits at Islamic Rural Banks (BPRS) in Indonesia for the period 2020–2024. The variables used include Islamic Rate of Return, conventional bank deposit rates, inflation, and money supply, using monthly secondary data across four deposit maturities — one month, three months, six months, and twelve months. The analytical methods employed are the Autoregressive Distributed Lag (ARDL) for one-month, three-month, and twelve month maturities, and the Error Correction Model (ECM) for the six-month maturity. The results indicate that the influence of the four variables is heterogeneous — varying in direction and significance depending on the maturity and time horizon of the analysis. Simultaneously, all four variables have a significant effect in the long run but are not significant in the short run. Among the four variables, money supply is the most dominant and consistent factor influencing mudharabah deposits across all maturities in the long run, while the influence of the other variables is selective across specific maturities and time horizons. These findings imply that depositors' decisions to place funds cannot be explained by a single factor, but are influenced by a combination of Islamic banking internal factors and macroeconomic conditions that operate differently across each maturity segment. Keywords: Mudharabah Deposits, Islamic Rate of Return, Deposit Interest Rate, Inflation, Money Supply, BPRS Abstrak Penelitian ini bertujuan menganalisis determinan deposito mudharabah pada Bank Perekonomian Rakyat Syariah (BPRS) di Indonesia periode 2020–2024. Variabel yang digunakan meliputi Islamic Rate of Return, suku bunga deposito bank umum konvensional, inflasi, dan jumlah uang beredar, dengan data sekunder bulanan pada empat tenor — satu bulan, tiga bulan, enam bulan, dan dua belas bulan. Metode analisis yang digunakan adalah Autoregressive Distributed Lag (ARDL) untuk tenor satu bulan, tiga bulan…
creator: Salma Noor Khalifatuzzahra
creator: Moh Mukhsin
creator: Ahmad Fatoni
rights: Copyright (c) 2026 Salma Noor Khalifatuzzahra, Moh Mukhsin, Ahmad Fatoni
date: 2026-07-09
publication date: 2026-07-09
volume: 11
number: 4
doi: 10.30651/jms.v11i4.32495

The Effects of Islamic Financial Instruments and Inflation on Economic Growth: The Mediating Role of the Human Development Index in Java, Indonesia
type: item
description: Abstract This study aims to analyze the effect of Zakat, Infaq, and Shadaqah (ZIS) fund distribution, sharia financing, and inflation on economic growth with the Human Development Index (HDI) as an mediasi variable. The approach used is a quantitative approach with panel data, and data processing is carried out using the help of EViews 13 software through the path analysis method. The analysis techniques used include multiple linear regression, t-test, F-test, and mediation analysis. The results of the study indicate that ZIS fund distribution and sharia financing have a positive and significant effect on HDI and economic growth. Conversely, inflation shows an insignificant effect on both variables. IPM has been empirically proven to mediate the relationship between ZIS distribution and sharia financing on economic growth. This finding indicates that improving the quality of life of the community through IPM has an important role in driving sustainable economic growth. Keywords: ZIS, sharia financing, inflation, Human Development Index, economic growth
creator: Samsiah
creator: Tenny Badina
creator: Nani Suhartini
rights: Copyright (c) 2026 Samsiah, Tenny Badina, Nani Suhartini
date: 2026-07-22
publication date: 2026-07-22
volume: 11
number: 4
doi: 10.30651/jms.v11i4.32561

The Effects of Income and Islamic Lifestyle on Consumptive Behavior in the Use of Shopee PayLater: A Study in Setiabudi District
type: item
description: Perkembangan teknologi digital mendorong meningkatnya penggunaan layanan paylater, termasuk Shopee PayLater, yang berpotensi memicu perilaku konsumtif masyarakat modern. Penelitian ini bertujuan menganalisis pengaruh pendapatan dan gaya hidup Islam terhadap perilaku konsumtif pengguna Shopee PayLater di Kecamatan Setiabudi. Metode penelitian menggunakan pendekatan kuantitatif dengan survei terhadap 100 responden. Analisis regresi linear berganda menunjukkan bahwa pendapatan (X1) dan gaya hidup Islam (X2) berpengaruh negatif dan signifikan terhadap perilaku konsumtif (Y), dengan persamaan regresi Y = 32,509 – 0,409X1 – 0,502X2. Nilai R² sebesar 0,505 mengindikasikan bahwa 50,5% perilaku konsumtif dipengaruhi kedua variabel tersebut.
creator: Hasnawi Erwan
creator: Mohammad Mukhsin
creator: Mohamad Ainun Najib
rights: Copyright (c) 2026 Hasnawi Erwan, Mohammad Mukhsin, Mohamad Ainun Najib
date: 2026-07-20
publication date: 2026-07-20
volume: 11
number: 4
doi: 10.30651/jms.v11i4.30245

Pengaruh Penyaluran Dana ZIS dan Pertumbuhan Ekonomi Terhadap Tingkat Kemiskinan di Provinsi Bengkulu Periode 2021-2024
type: item
description: This study aims to analyze the impact of ZIS fund distribution and economic growth on poverty levels in Bengkulu Province during the 2021–2024 period. A quantitative research approach utilizing multiple linear regression analysis was employed. The study utilized secondary data, specifically ZIS fund distribution figures from the National Zakat Agency (BAZNAS) of Bengkulu Province and economic growth data from Statistics Indonesia (BPS) of Bengkulu Province, covering the 2021–2024 period on a monthly basis. The results indicate that ZIS fund distribution (X1) has a significant negative effect on poverty levels in Bengkulu Province, whereas economic growth (X2) does not have a significant effect; however, ZIS fund distribution and economic growth, when considered together, have a significant impact on poverty levels in Bengkulu Province during the 2021–2024 period.
creator: Agam Setiawan
creator: Asnaini
creator: Yenti Sumarni
rights: Copyright (c) 2026 Agam Setiawan, Asnaini, Yenti Sumarni
date: 2026-08-15
publication date: 2026-08-15
volume: 11
number: 4
doi: 10.30651/jms.v11i4.33560

Peran Ibu Rumah Tangga Buruh Industri Batu Bata dalam Meningkatkan Ekonomi Keluarga Perspektif Ekonomi Islam
type: item
description: This study examines the role of housewives working as laborers in the brick-making home industry in Pagar Dewa Village, South Bengkulu, and their contribution to improving the family economy within the framework of Islamic economics. The phenomenon of dual roles among rural women managing domestic responsibilities while simultaneously engaging in productive income-generating activities is becoming increasingly common, especially in households with limited economic resources. This qualitative research employs purposive sampling to select eight housewives working in the brick industry, supported by observation, semi-structured interviews, and documentation techniques. The findings show that these women significantly contribute to household finances through their wages, which are used to fulfill daily needs, children’s education, food security, and debt relief. Despite facing challenges such as physical exhaustion, time division, and social expectations, the women are able to perform their reproductive and productive roles simultaneously. From the perspective of Islamic economics, their work is categorized as a productive effort (kasb) that aligns with Islamic principles, provided it does not neglect their primary responsibilities at home and is carried out ethically. Their economic contribution also reflects the values of ta’awun (mutual help), maslahah (public benefit), and falah (holistic welfare). This study concludes that the involvement of housewives in the brick industry plays a transformative role in strengthening family resilience and supporting long-term welfare.
creator: Sakti Praja Putra
creator: Romi Adetio Setiawan
creator: Citra Liza
rights: Copyright (c) 2026 Sakti Praja Putra, Romi Adetio Setiawan, Citra Liza
date: 2026-08-15
publication date: 2026-08-15
volume: 11
number: 4
doi: 10.30651/jms.v11i4.33561

Analisis Pengaruh Penyaluran Zakat Terhadap Kesejahteraan Mustahik di Kabupaten Gresik
type: item
description: Penelitian ini bertujuan menganalisis pengaruh penyaluran zakat terhadap kesejahteraan mustahik di Kabupaten Gresik. Menggunakan pendekatan kuantitatif dengan 50 responden mustahik penerima zakat BAZNAS Kabupaten Gresik, data primer kuesioner kesejahteraan (variabel Y) dikombinasikan dengan data sekunder penyaluran zakat (variabel X). Analisis regresi linier sederhana (Y = a + bX) menghasilkan persamaan Y = 22.560 + 7.260X dengan R² = 0.944 dan t-hitung = 28.478 (p < 0,05). Hasil membuktikan bahwa penyaluran zakat berpengaruh positif dan signifikan terhadap kesejahteraan mustahik di Kabupaten Gresik, dimana setiap penambahan Rp 1 juta zakat yang diterima meningkatkan skor kesejahteraan sebesar 7.260 poin. Kata kunci: Zakat, Penyaluran Zakat, Kesejahteraan Mustahik, BAZNAS, Ekonomi Islam
creator: Ahmad Zaidan Fanani
creator: Muhammad yazid
rights: Copyright (c) 2026 ahmad-zaidan-fanani zidanfanani, muhammad yazid
date: 2026-08-07
publication date: 2026-08-07
volume: 11
number: 4
doi: 10.30651/jms.v11i4.32276

Efektivitas Zakat dan Pembiayaan Perbankan Syariah terhadap Penurunan Kemiskinan di Aceh
type: item
description: This study aims to analyze the influence, exchange rates and interest rates on economic growth. Inflation, exchange rates and interest rates are important variables in macroeconomics. This study uses time series data from 1980-2017. To see the effect of the independent variables on the dependent variable, the Ordinary Least Square analysis model is used. The research results obtained: conversion, exchange rates and interest rates are negative and significant to economic growth. Increased inflation, the exchange rate and interest rates will contribute to a decline in economic growth. For this we need monetary policy that is able to provide stimulus to growth, a priority for increasing interest rates. Bank Indonesia as a monoteric authority holder can do it through monetary policy. Inflation and the exchange rate are the consequences of economic openness. Keywords: Inflation, Exchange Rates, Interest Rates and Economic Substitution
creator: Chintia Rahma Aini
rights: Copyright (c) 2026 Chintia Rahma Aini
date: 2026-08-06
publication date: 2026-08-06
volume: 11
number: 4
doi: 10.30651/jms.v11i4.32146