MALIA: Jurnal Ekonomi Islam

The Role of the Halal Value Chain Process in MSMEs on the Economy of South Kalimantan

Lola Malihah, Muhammad Sauqi — Wed, 15 Jan 2025 22:03:38 +0000

Introduction: The global halal industry has grown rapidly in recent years, providing great opportunities for business actors. Indonesia, with around 242 million Muslims, accounts for 11.7% of the world's Muslim population. To monitor the development of the halal industry, clear benchmarks are needed, such as the concept of a "halal value chain" that covers the production process from raw materials to final products.

Method: This study aims to analyze the implementation of the halal value chain in MSMEs in South Kalimantan and its impact on regional economic development. The study was conducted in three main areas, Banjarmasin, Banjarbaru, and Banjar Regency with a total of 172 respondents from 58 MSMEs. A mixed method was used, namely a quantitative survey with a questionnaire and qualitative through interviews and observations.

Result: The results showed that around 45% of MSMEs apply halal principles in production, while 73% have official halal certification. The main obstacles are the lack of understanding of the importance of halal certification, minimal supporting infrastructure, and limited access to certification bodies. As many as 68% of respondents stated that technical support from the government could help obtain halal certification.

Conclusion and suggestion: The implementation of the halal value chain has the potential to increase the competitiveness of MSMEs, strengthen their position in the national market, and support local economic growth. These findings are expected to be the basis for local government policies in developing the halal industry for MSMEs.

Consumption Behavior of Students of Sunan Kalijogo Jabung Islamic Boarding School on Syariah Fashion Products (Reviewed in the Maqashid Syariah Approach)

Mohammad Yusuf Wijaya — Tue, 31 Dec 2024 00:00:00 +0000

Introduction: The aim of this research is to determine the consumption behavior of female students, what factors influence the consumer behavior of female students and an overview of Islamic economics at the Sunan Kalijogo Islamic Boarding School, Malang.

Methods: The research method is qualitative field research, at the Sunan Kalijogo Jabung Islamic Boarding School, Malang Regency. The data source in this research was 10 female students from dormitory D.

Results: Factors that influence female students at the Sunan Kalijogo Islamic Boarding School to behave consumptive towards current fashion trends because they are based on self-concept, which is driven more by factors of need and benefit. Meanwhile, external factors that influence students' consumptive behavior are advertising and the information they obtain about fashion. The consumption behavior of students at the Sunan Kalijogo Islamic Boarding School in Malang is in accordance with the rationality of Muslim consumers and in accordance with maqashid sharia.

Conclusion and suggestion: The consumption behavior of female students of Sunan Kalijogo Islamic Boarding School in Malang on sharia fashion products has been in accordance with the concept and principles of maqashid sharia, namely in consuming sharia fashion products, students are more oriented and consider aspects of needs, benefits and maslahah, not just desires. The advice that can be given is that the Sunan Kalijogo Malang Islamic Boarding School should maintain the principles that have been held by students to buy goods by looking at their needs and benefits and increase education for students so that they are not easily persuaded by advertisements.

The Influence of Halal Labels, E-Wom (Electronic Word Of Mouth) and Customer Loyalty Towards the Decision to Purchase Halal Food on Shopee Food

Arwiny Puspita, Ryan Andni — Tue, 24 Dec 2024 08:17:57 +0000

Introduction: Halal labels are all products that have permission to be traded and have met Islamic law, this halal label is issued by the MUI agency. The purpose of this study was to determine the influence of halal labels, E-Wom (Electronic Word Of Mouth), and customer loyalty on purchasing decisions.

Methods: This study uses quantitative research based on research data taken in the form of numbers and these numbers are then analyzed in more detail. This study uses primary data as its data source. To obtain primary data, researchers distributed questionnaires using a Likert scale with a response interval of 1 to 5 and reliability test.

Results: The calculated t value for the Halal Label variable is 2.375. So the calculated t value is 2.375> t table 1.6565. Then the significance level of 0.021 <0.05 can be concluded that H1 _isaccepted. So it can be concluded that there is a positive and significant influence between the halal label (X1) on purchasing decisions. The t-value for the E-Wom (Electronic Word Of Mouth) variable is 3.715. So the t-value is 3.715 > t table 1.6565. Then the level of significance is 0.000 <0.05 , it can be concluded that H1 _isaccepted. So it can be concluded that there is a positive and significant influence between E-Wom (Electronic Word Of Mouth) (X2) on purchasing decisions. The t-value for the Customer Loyalty variable is 6.764. So the t-value is 6.764 > t table 1.6565. Then the level of significance is 0.000 <0.05 , it can be concluded that H1 _isaccepted. So it can be concluded that there is a positive and significant influence between customer loyalty (X3) on purchasing decisions.

Conclusion and suggestion: Based on the results of this study on "The Influence of Halal Labels, E-Wom (Electronic Word Of Mouth) And Customer Loyalty Towards Halal Food Purchasing Decisions on the Shopee Food Application ”, it can be concluded that the halal label variables (X1), E-Wom (Electronic Word Of Mouth) (X2), and Customer Loyalty (X3) are acceptable and significant towards halal food purchasing decisions on the Shopee Food application.

The Influence of Financial Performance, Corporate Governance, and Trading Volume on Islamic Stock Prices (Case Study on ISSI BUMN Sector in 2011-2023)

Amelia Wulandari, Riyan Andni — Tue, 24 Dec 2024 06:43:33 +0000

Introduction: The rapid growth of the sharia capital market in Indonesia reflects increasing public interest in sharia-compliant investments, driven by stable economic growth, political stability, and supportive government policies. By examining these variables, this research aims to provide a comprehensive understanding of the factors shaping sharia stock prices in a dynamic economic environment, offering valuable insights for investors, policymakers, and stakeholders to enhance the development of the sharia capital market.

Methods: This study uses a quantitative approach to analyze the effects of financial performance, corporate governance, and trading volume on sharia stock prices in the ISSI-listed BUMN sector during 2011-2023. The analysis employs multiple linear regression on panel data, supported by validity tests and model selection techniques, to ensure robust and reliable results.

Results: Financial performance measured by Return on Assets (ROA) has a significant positive impact on sharia stock prices in the ISSI-listed BUMN sector, aligning with signaling theory, which highlights good performance as a positive signal for investors. Similarly, good corporate governance (GCG), reflected in a high Corporate Governance Perception Index (CGPI), significantly boosts sharia stock prices, while increased trading volume shows a negative effect, possibly due to selling pressure, emphasizing the need for careful interpretation of market signals.

Conclusion and suggestion: Financial performance and corporate governance positively influence sharia stock prices, while trading volume negatively impacts them due to market pressure or speculation. Companies should enhance governance and profitability, while regulators strengthen trading oversight to ensure market stability.

Implementation of Digital Transformation in HIPSI SMEs: A Qualitative Analysis of Strengthening Local Community Digital Capabilities

Muhammad Fahmul Iltiham, Muhammad Nizar — Sat, 21 Dec 2024 03:00:25 +0000

Purpose: The increasing importance of digital innovation as a driver of business transformation across various industries remains underexplored in the context of SMEs. This study aims to address this gap by examining the direct effects of digital orientation and digital capability on digital innovation and assessing the mediating role of digital innovation in the relationship between organizational performance and these driving factors.

Design/methodology/approach: This qualitative study analyzes data collected from 20 HIPSI SMEs in Pasuruan, Indonesia. Data were obtained through interviews and document reviews and analyzed using thematic analysis and structural modeling techniques with SmartPLS.

Findings: The findings reveal that digital orientation and digital capability significantly influence digital innovation. Furthermore, digital innovation mediates the effect of digital orientation and digital capability on financial and non-financial performance. This demonstrates the critical role of digital innovation in enhancing organizational performance by leveraging digital resources effectively.

Practical implications: This study highlights the need for SMEs to adopt a digital-oriented mindset and invest in developing digital capabilities to harness the potential of emerging digital technologies. This strategic alignment can foster innovation, improve competitiveness, and strengthen community digital empowerment.

Originality/value: This research provides a novel framework that links digital orientation, digital capability, and innovation to organizational performance within the SME sector. It fills a critical gap in the literature by emphasizing the mediating role of digital innovation and offering insights into the digital transformation of local business communities.