Jurnal Ekonomi Syariah Teori dan Terapan

The Effects of Zakat, Infaq, Sadaqah, Social Aid, and Gross Regional Domestic Product per Capita on Income Inequality in Indonesia

2025-10-13T07:10:12+07:00

This study aimed to analyze the effect of ZIS (Zakat, Infaq, Alms), Social Assistance, and Gross Regional Domestic Product (GRDP) per capita on Income Inequality in 34 Provinces in Indonesia for the period of 2019-2023 partially and simultaneously. This research applied quantitative methods with multiple linear regression techniques. The data used in this study were secondary data on ZIS distribution from BAZNAS (National Amil Zakat Agency), realization of Social Assistance from KEMENKEU (Ministry of Finance), and Gross Regional Domestic Product (GRDP) per capita from BPS (Central Bureau of Statistics) in Indonesia for the 2019-2023 period. The results of the study showed that the distribution of ZIS funds (X1) has a negative and insignificant effect on the income inequality level. Social assistance realization has a negative and significant effect on income inequality. Gross Regional Domestic Product has a negative and significant effect on income inequality. ZIS, Social Assistance, and Gross Regional Domestic Product significantly affect income inequality in Indonesia from 2019 to 2023. This study suggested that zakat management institutions or agencies optimize ZIS funds to empower the mustahik economy and the entire community to increase literacy and awareness so that the collection and distribution of ZIS funds becomes optimal as a solution to the level of income inequality.

Determinants of Generation Z's Intention to Pay Zakat Digitally

2025-10-13T07:26:57+07:00

This research analyzes the factors that influence Generation Z's intention to give zakat through digital platforms by integrating the variables of Zakat Literacy, Social Influence, Trust and Convenience into the development of TPB theory. Data for this study was collected by distributing questionnaires online through Google Form to 196 respondents in Malang City. Respondents were selected by applying purposive sampling technique. Furthermore, the collected data were processed by applying the Partial Least Squares Structural Equation Modeling (PLS-SEM) method using the SmartPLS version 4.1.0.9 application.. The data were then analysed using Partial Least Squares Structural Modeling (PLS SEM) method with the help of SmartPLS Ver 4.1.0.9 software. Based on statistical analysis, Zakat Literacy, Social Influence, Trust, and Convenience are proven to have a positive and significant impact on Generation Z's interest in giving zakat through digital platforms. The implications of these findings emphasise the importance for digital platform providers to improve the development of user friendly features and reduce barriers that may be faced by the public, especially generation Z in Malang City, when using the platform to do zakat. In addition, digital platform providers also need to focus on efforts to build and maintain public trust through transparency, security, and good customer service so that people feel comfortable and trust to use digital platforms. Attention is also needed on marketing strategies and digital campaigns involving influencers, scholars, or social communities.

Influencer-Driven Live Commerce and Repurchase Intentions: Evidence from Muslim Fashion on TikTok Shop

2025-10-13T07:33:00+07:00

This study aims to analyze the influence of marketing strategies through TikTok Shop Live by influencers on consumer repurchase intention on Sattka Basic Hijab products. In the digital era, the use of live commerce has become an increasingly popular approach in building direct interactions with consumers, especially through the TikTok platform. This study uses a quantitative approach with a survey method on 192 respondents who have watched and/or purchased Sattka Basic Hijab products through TikTok Shop Live. The variables studied include influencer marketing, message appeals, brand image and product quality, Data analysis was carried out using the Structural Equation Modeling (SEM) method with the help of SmartPLS software. The results of the study show that influencer marketing, message appeals , brand image, and product quality have a significant effect on repurchase intention. These findings provide strategic implications for business actors in maximizing the role of influencers and compiling interesting content in live commerce to increase consumer loyalty.

ESG Performance and Firm Value: Evidence from the Indonesian Sharia Stock Index

2025-10-13T07:57:04+07:00

This study analyzes the effect of Environmental, Social, and Governance (ESG) on firm value among companies listed in the Indonesia Sharia Stock Index (ISSI) during 2018–2023, both partially and simultaneously. ESG is relevant in Islamic investing as it aligns with the principles of justice, sustainability, and ethical business. Firm value is measured using Tobin’s Q, while ESG is assessed through ESG Score, Environmental, Social, and Governance scores obtained from Bloomberg. The study employs panel data regression using the Random Effect Model, with size and leverage as control variables. The results show that both ESG Score and environmental performance have a significant negative effect on firm value, indicating that better ESG and environmental performance may reduce firm value. Social and governance scores have no significant impact. These findings suggest that ESG implementation in Indonesia remains suboptimal and does not yet reflect the Islamic economic principles of benefit and sustainability. Further research is needed to analyze companies that meet the Sharia Securities List (DES), compare firms with and without ESG practices, and examine specific sectors that may contribute most to the decline in firm value due to ESG. This is crucial for understanding ESG effectiveness in Indonesia's Islamic capital market.

Internal Bank Factors and Financing Distribution: Evidence from Islamic Commercial Banks

2025-10-13T08:52:58+07:00

This study aims to analyze the effect of BOPO, CAR, NOM, and DPK on the distribution of financing in Islamic commercial banks in 2014: Q1 - 2024: Q3. The method used in this research is quantitative research method with panel regression analysis technique. The sampling technique used purposive sampling and obtained 10 Islamic banks as samples. By using data sources from quarterly financial reports on each bank's website and publications on the OJK website. Partial research results in this study indicate that BOPO, CAR, and NOM have a significant and negative influence on financing distribution. Meanwhile, DPK has a significant and positive influence on the distribution of financing. The implication of this research is that Islamic banking should optimize operational efficiency, productive asset management, and liquidity management, and that regulators should determine and evaluate related policies to encourage financing distribution.

Determinants of Students’ Green Waqf Intentions

2025-10-13T10:55:10+07:00

Green Waqf is the use of waqf assets to support environmental sustainability and provide social and economic benefits. Its success depends on the intention of the community, including students who have high concern for environmental issues. This research analyzes the factors that influence the intentions of Islamic Economics students at Airlangga University to give green waqf, with the variables Attitude, Subjective Norms and Perceived Behavioral Control. Attitudes are influenced by Knowledge and Religiosity. This research uses a quantitative approach with PLS-SEM analysis. Data was obtained from questionnaires distributed to 145 respondents, with a final sample of 127 students. The research results show that Knowledge and Religiosity have a significant positive effect on Attitude. Subjective Norms and Perceived Behavioral Control also have a significant positive effect on Green Waqf Intentions, while Attitude has no significant effect. Therefore, strategies are needed to increase students' intention to engage in green waqf, such as education through social media by involving figures or influencers, as well as encouraging student participation in green waqf activities.

The Nexus Between Islamic Finance, Trade Openness, FDI, Economic Growth and Carbon Emission: Panel Data Analysis in Islamic Countries

2025-10-13T10:31:08+07:00

This study aims to analyze the impact of economic growth, Islamic finance, trade openness, FDI, and urbanization on carbon emissions in member countries of the Organization of Islamic Cooperation (OIC). GDP per capita serves as the indicator for economic growth, while Islamic financial assets represent Islamic finance. The study employs panel data regression analysis using the fixed effect model, identified as the best model based on the Hausman test, with data processed and analyzed through EViews 13. The results indicate a significant negative impact of economic growth on carbon emissions in high-income OIC countries, whereas in middle-income countries, economic growth has a significant positive effect on carbon emissions, partially. Simultaneously, economic growth, Islamic finance, trade openness, FDI, and urbanization collectively have a positive influence on carbon emissions in OIC member countries during the 2013–2022 period. These results can serve as a reference for governments, institutions, and organizations in formulating policies or regulations to enhance sustainable economic stability and environmental quality within the OIC member countries.

Macroeconomic Factors and Islamic Stock Volatility: Evidence from Indonesia

2025-10-13T09:22:00+07:00

This study aims to analyze the influence of macroeconomic variables, namely gold prices, exchange rates, and inflation, on the volatility of Islamic stocks in Indonesia during the period 2013-2023. The research approach uses multiple linear regression method with quarterly data to identify the relationship between these variables on the volatility of Islamic stocks represented by the Jakarta Islamic Index (JII). The results show that gold prices and exchange rates have a positive significant influence on the volatility of Islamic stocks, while inflation shows a complex relationship pattern, depending on specific market conditions. The findings provide important insights for investors and regulators on the dynamics of the Islamic stock market in Indonesia. For investors, this research can help design more effective investment strategies, while for regulators, this research provides guidance for managing the stability of the Islamic capital market. This research is expected to serve as a reference for the development of a sustainable Islamic capital market that is responsive to macroeconomic changes.