Journal of Management and Islamic Finance

MEDIATING PERCEIVED ENJOYMENT IN INFLUENCING ONLINE IMPULSE BUYING: STUDY OF STIMULUS ORGANISM RESPONDE (S-O-R) THEORY

Yazida Salsa Biila, M Alfan Hadiar Dhofir — Mon, 30 Dec 2024 00:00:00 +0700

This research aims to analyze the influence of intensity of use of Instagram social media, content affiliate marketing and lifestyle compatibility on online impulse buying mediated by perceived enjoyment among students in Surakarta. Using a sample of 285 respondents, this research applied a cluster sampling technique, meaning that there was representation from each district of Klaten, Sragen, Boyolali, Sukoharjo, Surakarta, Karanganyar, and Wonogiri. The data were processed by using SmartPLS 3. The results indicate that the direct influence of intensity of use of social media Instagram and lifestyle compatibility on online impulse buying is not significant. Content affiliate marketing has a significant influence on online impulse buying, both directly and indirectly. Perceived enjoyment influences online impulse buying, while also being able to mediate all influences, either partially or fully mediated. This research succeeded in proving the role of the S-O-R theory in influencing online impulse buying. Lifestyle compatibility tends to play the biggest role in increasing positive emotions in the form of perceived enjoyment and has a significant impact on online impulse buying.

THE INFLUENCE OF FINANCIAL LITERACY, FAMILY ENVIRONMENT, LOVE OF MONEY, AND SELF-EFFICACY ON ENTREPRENEURIAL INTEREST AMONG ACCOUNTING STUDENTS AT POLITEKNIK NEGERI SAMARINDA

Rama Yuni, Muhammad Khozin Ahyar, Nyoria Anggraeni Mersa — Mon, 30 Dec 2024 00:00:00 +0700

This research aims to determine the influence of financial literacy, family environment, love of money and self-efficacy on students' interest in entrepreneurship at the Accounting Department, Politeknik Negeri Samarinda. The aim of this research is to determine the influence of financial literacy, family environment, love of money and self-efficacy on students' interest in entrepreneurship at the Accounting Department, Politeknik Negeri Samarinda. The population of this study was 861 students. Meanwhile, the sample in this research was 300 students. The data collection technique uses a questionnaire. The data analysis technique uses multiple linear regression analysis. The research results show that financial literacy has no effect and is not significant on interest in entrepreneurship. Family environment has a positive and significant effect on interest in entrepreneurship. Love of money has a positive and significant effect on interest in entrepreneurship. Self-efficacy has a positive and significant effect on interest in entrepreneurship. The results of this study indicate that there needs to be more encouragement for accounting students department at Politeknik Negeri Samarinda to be able to build an entrepreneurial spirit.

IDENTIFICATION OF INTEREST USING THE SHOPEEPAY DIGITAL WALLET: PERCEPTION OF EASE OF USE AND RISK PERCEPTION

Sulasih Sulasih, Parno Parno, Suliyanto Suliyanto — Mon, 30 Dec 2024 00:00:00 +0700

The digital wallet is a popular electronic payment system in Indonesia, with two main types: server-based and chip-based. The decision to adopt a digital wallet is influenced by several factors. This study employs the Technology Acceptance Model (TAM), which posits that the acceptance of information technology is primarily driven by two factors: perceived usefulness and perceived ease of use. In this study, the independent variables are perceived ease of use and perceived risk, while the dependent variable is interest in using the ShopeePay digital wallet. A quantitative approach was used, with primary data collected through a questionnaire completed by 100 respondents. The data was analyzed using a multiple linear regression model with SPSS software. The results indicate that both perceived ease of use and perceived risk significantly impact interest in using the ShopeePay digital wallet. This study contributes to the understanding of factors influencing the adoption of digital wallets in Indonesia, particularly focusing on ShopeePay.

IMPLEMENTATION OF ZAKAT MANAGEMENT, INFAQ/ALMS THROUGH THE SIMBA APPLICATION TO INCREASE ACCOUNTABILITY AT THE NATIONAL ZAKAT AGENCY (BAZNAS) OF RIAU PROVINCE

Fitriya Wulansari, Harkaneri Bakhtiar , Mery Agustina Mahmud — Mon, 30 Dec 2024 00:00:00 +0700

This study aims to determine the Implementations of Zakat Management, Infaq/Donations through the Simba Application to Increase Accountability at the National Amil Zakat Agency (Baznas) Riau Province. The data used in this study were obtained from direct interviews with BAZNAS and documentation. This research was conducted at the National Amil Zakat Agency (BAZNAS) of Riau Province. The method used in this research is qualitative research method with descriptive approach. The results of this study indicate that Baznas Riau Province has implemented the Baznas Management Information System (SIMBA) since 2016 and optimized in 2017. In SIMBA, muzakki and mustahik data are recorded clearly and in detail, as well as incoming and outgoing cash. Baznas Riau Province has won the best SIMBA operator award and the best SIMBA financial report compliance in 2024. They also collaborate with the Ministry of Religious Affairs for training related to PSAK 409. When experiencing problems, Baznas Riau Province directly consults Baznas RI (center), which always responds quickly. From the explanation given, the application of zakat, infaq and sadaqah management in Baznas Riau Province has proven to be very efficient and effective. They have succeeded in achieving zakat management objectives with a high standard of success and an optimal level of effectiveness. SIMBA application becomes a tool to facilitate the decision-making process and policies at the central, provincial, and district/city levels.

THE INFLUENCE OF HALAL LABELS, HALAL AWARENESS AND PRICE ON INTEREST IN ONLINE SHOPPING FOR FOOD PRODUCTS: THE ROLE OF DEMOGRAPHIC CHARACTERISTICS AS MODERATING

Hafidhah, Khairul Amri, Farrel Yustia Trianda — Mon, 30 Dec 2024 00:00:00 +0700

Muslim customers worldwide pay close attention to the halal label as proof that the product conforms to their religious values. Halal awareness refers to how well Muslims understand matters related to halal. One very important factor that can influence shopping interest is product price. Halal labels, awareness, and Prices are important factors in increasing interest in online shopping for food products. This is based on research that tries to test and analyze the influence of halal labels, halal awareness, and prices on online shopping interest in food products, which is moderated by demographic characteristics (gender and age). The method used was the Structural Equation Modelling - AMOS with 152 FEBI UIN Ar-Raniry student respondents. The results show that halal labels and halal awareness do not significantly influence online shopping interest, while Price has a positive and significant influence. Demographic characteristics moderated this effect by 47.4%. These findings highlight that consumer behavior in online shopping is highly complex, influenced by a combination of psychological factors (halal awareness), rational factors (price), and demographic characteristics. While halal labels and awareness hold significant importance in certain contexts, they tend to be less relevant compared to economic factors such as price in the realm of online shopping, particularly when demographic characteristics serve as moderating factors.

A MODEL FOR FORMING BUSINESS RESILIENCE IN INDONESIA: A FAMILY BUSINESS PERSPECTIVE

Muhammad Nur Alam Muhajir , Andi Muh Almahdy, Alda, Syahrul Fitra — Mon, 30 Dec 2024 00:00:00 +0700

This research aims to identify a family business resilience model by considering anthropomorphism factors, innovation capabilities, and Islamic business ethics amidst slowing economic growth in Indonesia. The method used is quantitative using questionnaires and data analysis using Structural Equation Modeling Partial Least Square (SEM-PLS). Respondents consisted of 180 middle to upper family business owners in Indonesia. The research results show that anthropomorphism has a significant influence on family business resilience. However, these findings also show that the application of Islamic business ethics does not have a significant relationship in moderating the relationship between anthropomorphism and family business resilience. This research provides valuable insights into how the application of anthropomorphism and innovation capabilities can significantly increase the resilience of family businesses. The insignificance of Islamic business ethics on family business resilience indicates that the application of Islamic values in business practices has not been optimal. It suggests the need for better alignment with the context of modern business and the strengthening of the implementation of Sharia principles in company operations.

CAPITAL MARKET DEVELOPMENTS ON INDONESIA'S ECONOMIC GROWTH IN 2019-2023: CHALLENGES AND PROSPECTS IN THE FUTURE

Mon, 30 Dec 2024 00:00:00 +0700

Indonesian society with a Muslim majority can invest using the Sharia capital market, where the Sharia capital market is an investment facility for the Muslim community based on sharia principles. Methods: The research method used is a literature study with descriptive analysis techniques by collecting data in the form of writings from previous research and arranging them to see the results of the data that has been collected, this technique does not use numbers for statistical testing or classical assumptions. Results: The Islamic capital market in Indonesia has made a significant contribution to economic growth from 2019 to 2023. This contribution is reflected in the increase in assets and capitalization of the Islamic capital market, which not only shows absolute growth but also an increase in the proportion of the national Gross Domestic Product (GDP). With consistent growth in assets and capitalization and an increase in the number of investors, the Islamic capital market plays an important role in increasing financial inclusion and national economic stability. The efforts of the government and OJK in strengthening regulations and product innovation in this sector are expected to continue to drive sustainable growth in the future. Conclusion and suggestion: The conclusion of this study highlights that the development of sharia products, OJK regulations, and product innovation have a significant positive impact on long-term economic growth. The sharia capital market also has great potential to support long-term economic growth and financial inclusion, with the hope that strengthening regulations and innovation will continue to drive positive contributions to the national economy.

MACROECONOMIC STABILITY ON ISLAMIC ECONOMIC PERSPECTIVE: TOWARDS EQUITABLE AND SUSTAINABLE ECONOMIC GROWTH

Risdiana Himmati, Citra Mulya Sari, Lativa Hartiningtyas, Rendra Erdkhadifa — Mon, 30 Dec 2024 00:00:00 +0700

This study aims to determine macroeconomic stability in the perspective of Islamic economics towards equitable and sustainable economic growth. In this context, Islamic economics emphasizes justice, equal distribution of income, and prevention of practice usury. Policy government such using of zakat and policy in appropriate monetary with Islamic principles can help reach stability of economics. The method in this study uses literature study approach. The main purpose to reach in this study is significantly important for evaluating economics policy related to growth fair economy. The analysis shows that from perspective Islamic economics, stability macroeconomics will be evaluated and improved by policy supporting economics investment, equal distribution of income, and growth of sustainable economy.

TESTING THE J-CURVE PHENOMENON ON INDONESIA'S TRADE BALANCE WITH THE FIVE BIGGEST TRADING PARTNERS

Muhammad Celvin Hamid, Tiara Nirmala, Imam Awaluddin — Mon, 30 Dec 2024 00:00:00 +0700

The J-Curve is an assumption that exchange rate depreciation will improve a country's trade balance in the long term. This phenomenon occurs when exchange rate depreciation causes the trade balance to worsen in the short term. However, in the long term the trade balance will improve and increase permanently. This study aims to test whether the J-Curve phenomenon occurs in Indonesia's bilateral trade balance with the five largest trading partners using the Vector Autoregressive (VAR) method and in the observation period 2010.1-2022.12. The results of the analysis of the Impulse Response Function (IRF) show that the J-Curve phenomenon occurs in the trade balance model between Indonesia and Japan and the United States. Meanwhile, for Indonesia's trade balance with the European Union, exchange rate depreciation can improve the trade balance directly. For Indonesia's trade balance with China and Singapore, exchange rate depreciation improves the trade balance initially, but will worsen (inverted J-curve) in the long term so that the long-term impact of exchange rate depreciation on the trade balance is negative.

COMPARATIVE ANALYSIS THE ROLE OF ISLAMIC AND CONVENTIONAL MICROFINANCE INSTITUTIONS IN SUPPORTING THE WELFARE OF ECONOMICALLY VULNERABLE COMMUNITIES

Fakhri Muhammad Ario Putra, Alfin Husna Ridho Pangestu, Al-Anshari, Filzah Aulia — Mon, 30 Dec 2024 00:00:00 +0700

This study compares the performance of Conventional Microfinance Institutions (MFIs) and Sharia Microfinance Institutions (SMFIs) in supporting the welfare of economically vulnerable communities. The results show that SMFIs have an advantage in terms of social impact and financial inclusion for the poor, while MFIs excel in profitability and business expansion. However, both have different challenges in terms of liquidity stability and financial risk. This study recommends adaptive and inclusive policies, as well as optimizing the potential of social funds such as zakat, infaq, sadaqah, and waqf (ZISWAF) to support the sustainability of MFIs. Future research should further investigate the optimization of ZISWAF social funds in supporting the sustainability of microfinance institutions, analyze adaptive and inclusive policy models for both types of institutions, and evaluate strategies for improving liquidity stability and financial risk management.