Journal of Economicate Studies

Comparative Analysis of Cash Buying and Murābaḥah Financing in Housing Transactions: Evidence from Green Mutiara Housing Banyumas Regency

Shinta Wahyuni — 2018-01-10

The results of research conducted that in the process of purchasing cash housing Mutiara Hijau Tambaksogra At PT. Graha Perwira Pratama there are two that is credit and cash, home purchase in cash applied by PT. Graha Perwira Pratama branch of Housing Mutiara Hijau Tambaksogra Kembaran Sub-district of Banyumas Regency, there are two ways, namely: hard cash and gradually, while crediting in the application of payment with credit in green pearl housing Tambaksogra involves the bank through mortgage loan program and Financing Murabaha in Sharia Bank. In the murabaha method, the bank pays the home repayment to the developer. Comparison Purchase home in cash cheaper price, easier process, no administrative fees, free from the rules and more secure, while home purchase on credit does not need to save large amounts to buy a house, enough money to pay the down payment only and the greater the down payment or the longer the repayment period, the installment will become cheaper.

Halal Tourism and Destination Identity: A Conceptual Discussion on the Integration of Islamic Values in Tourism Branding

Riki Maulana — 2026-04-13

This conceptual paper explores how Islamic values can be integrated into destination branding to shape a distinct halal tourism identity. While halal tourism has grown as a global phenomenon, especially in Muslim majority countries such as Indonesia, its conceptual foundations remain fragmented. This article argues that halal tourism branding should move beyond functional aspects (e.g., halal certification, facilities) toward embedding Islamic values such as trust (amanah), honesty (ṣidq), and hospitality (ḍiyāfah) into the core of destination identity. Drawing from destination branding theory, consumer trust models, and Islamic value frameworks, this paper develops a conceptual lens for understanding how spiritual, ethical, and cultural dimensions co create a destination’s halal identity. The study contributes to the theoretical enrichment of halal tourism research and offers insights for policymakers, destination marketers, and tourism practitioners in Muslim contexts.

Faith, Trust, and Technology: Conceptual Insights into Sharia Financial Literacy and Digital Security in Islamic Fintech

Neng Cahya — 2026-04-13

The rapid development of Islamic financial technology (Sharia Fintech) presents new opportunities and challenges in combining faith-based principles with digital innovation. This conceptual paper explores the intersection between Sharia financial literacy and digital security perception as key dimensions shaping user trust in Islamic fintech ecosystems. Drawing on Islamic ethical frameworks and technology acceptance theories, this study argues that faith-oriented literacy and perceptions of security co-construct the moral and psychological foundations of user confidence in Sharia-compliant digital platforms. The paper proposes a conceptual linkage where faith serves as the moral compass, trust as the mediating psychological mechanism, and technology as the enabler of financial inclusion. The insights presented aim to contribute to theoretical discussions on ethical digital finance and provide a foundation for future empirical research in the field of Islamic fintech.

Developing an Extreme Multidimensional Poverty Indicator in Indonesia: A Positive-Theoretical Inquiry and an Integrated Shariah Perspective

Agung Pardini — 2026-04-13

This study develops a comprehensive theoretical framework for measuring extreme multidimensional poverty in Indonesia, arguing that conventional monetary indicators such as US$2.15 and US$3.00 PPP are inadequate to capture the full scope of deprivation. By integrating Amartya Sen’s capability approach, basic-needs theory, human rights–based development, and principles of distributive justice in Islamic economics, the research conceptualizes extreme poverty as a multidimensional condition involving economic hardship, limited access to essential services, social vulnerability, and restricted individual agency. Using qualitative literature analysis, the study proposes an indicator framework encompassing health, education, housing, energy access, economic security, and spiritual capability aligned with maqāṣid al-sharī‘ah. The findings highlight the need for poverty measurement systems that combine economic, moral, and institutional dimensions, offering important implications for improving poverty policy, targeting mechanisms, and the integration of Islamic economic instruments in Indonesia, while also laying the groundwork for future empirical validation and policy experimentation.

Analyzing the Effects of Inflation, Islamic Financing, and the Maqasid al-Sharia Index on Indonesia’s Economic Growth

Muhamad Gunawan — 2026-04-20

This study aims to analyze the influence of inflation, Islamic financing, and the Maqosid Al Syariah Index on economic growth in Indonesia during the 2020-2025 period. The background of this research is based on the aspect of macroeconomic stability and the role of the Islamic financing system in supporting the equitable distribution of sustainable economic development. Inflation is an indicator of price stability, Islamic financing as an intermediary instrument of financing based on Islamic values, and the Maqosid Al Sharia Index as a measure of the achievement of sharia goals in economic development, are the main variables in this study. The method used is a quantitative approach with a double linear regression analysis technique. Secondary data is taken from official publications of Bank Indonesia, the Financial Services Authority, the Central Statistics Agency, and the Maqosid Al Syariah index which are then developed by related institutions. This study examines the relationship between independent variables (inflation, islamic financing, and the Maqosid Al Syariah index) and the dependent variable, namely Gross Domestic Product (GDP) growth as an indicator of economic growth. The results show that inflation has a significant negative influence on economic growth, which shows that price increases in general can reduce purchasing power and hinder economic activity. On the other hand, Islamic financing has a significant positive effect, reflecting the active role of Islamic financial institutions in supporting the real sector and increasing productivity. Meanwhile, the Maqosid Al Sharia Index also shows a positive influence, showing that the achievement of sharia goals such as the protection of life, intelligence, property, heredity, and religion also contributes to inclusive and sustainable economic development. This study concludes that the integration between macroeconomic policies and strengthening the Islamic financial system based on Maqosid Al Sharia can be an effective strategy in encouraging Indonesia's economic growth in the future. These findings are expected to serve as a reference for policy makers, academics, and practitioners of sharia economics in designing policies that are more responsive and oriented towards community welfare.