Share: Jurnal Ekonomi dan Keuangan Islam
type: channel
description: Effective from Volume 15, No. 1 (2026), Share: Jurnal Ekonomi dan Keuangan Islam will use this platform. The journal has migrated from the previous website. Share: Jurnal Ekonomi dan Keuangan Islam [SHARE] is a peer-reviewed, double-blind journal published by the Faculty of Islamic Economics and Business at Universitas Islam Negeri Ar-Raniry in Banda Aceh, Indonesia. SHARE publishes research and concept papers pertaining to the field of Islamic economics and finance in open-access format, allowing users to freely access and download the articles under the CC BY SA license. SHARE has been a CrossRef Member since 2017, which means that each paper published by the journal will have a unique DOI number. SHARE has been indexed by numerous reputable indexing services, including DOAJ, Index Copernicus, Scilit, WorldCat, Google Scholar, Dimensions, EBSCO, and many others. SHARE is listed among the top journals in Indonesia by the Indonesian journal accreditation body (Tier 2), as authorized by the Decree of Director General of Research and Development, Ministry of Higher Education, Science, and Technology, No. 295/C/C3/KPT/2026. Currently, SHARE is under consideration for inclusion in SCOPUS and WoS. Journal Title : Share: Jurnal Ekonomi dan Keuangan Islam Initials : Share Frequency : Two issues per year (June and December) E-ISSN : 2549-0648 (online) | 2089-6239 (print) Chief Editor : Prof. Dr. Azharsyah Ibrahim, SE.Ak., M.S.O.M. DOI Prefix : 10.22373/share Publisher : Universitas Islam Negeri Ar-Raniry Banda Aceh Accreditation : Sinta 2, |DOAJ, Index Copernicus| Sinta | Google Scholar, etc Indexed in:
publisher: Universitas Islam Negeri Ar-Raniry
language: en
publication name: Share: Jurnal Ekonomi dan Keuangan Islam
issn: 2089-6239
copyright: SHARE allows the author(s) to hold the copyright and to retain the publishing rights without restrictions. Authors who publish with this journal agree to the following terms: Authors retain copyright and grant the journal a right of first publication with the work simultaneously licensed under a Creative Commons Attribution License (CC-BY-SA 4.0) that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work
items: Islamic Bank Merger and the Efficiency–Risk Trade-off: Evidence from Bank Syariah Indonesia
items: Reconstructing Social Fiqh in Contemporary Islamic Finance: A Maqashid Analysis of DSN-MUI Fatwa on Sukuk-Waqf
items: Household Economic Management among Muslim Single-Parent Families in a Matrilineal Context
items: A Critical Evaluation of Islamic Economic Growth in Developing Countries
items: Does Digital Waqf Intention Lead to Actual Use? Evidence from West Java
items: Determinants of Digital Zakat Adoption Among Muslim Millennials in Indonesia
items: Reassessing Islamic Hedging Fatwa in Indonesia: Accounting, Regulation, and Market Practices
items: Halal Certification and MSME Performance: A Bibliometric Perspective
items: Developing an Integrated Model of Creative Economy and Halal Tourism in Aceh Tengah: An Analytic Network Process Approach
items: Digital Transformation and Sustainability in Islamic Finance: Evidence from Geopolitical Uncertainty in an Emerging Regional Economy
items: Balancing Efficiency and Spirituality: Implementation of Virtual Accounts at Tebuireng Islamic Boarding School

Islamic Bank Merger and the Efficiency–Risk Trade-off: Evidence from Bank Syariah Indonesia
type: item
description: The merger of three state-owned Islamic banks into PT Bank Syariah Indonesia Tbk (BSI) in 2021 marked a major structural shift aimed at strengthening efficiency and competitiveness within Indonesia’s Islamic banking industry. This study examines the dual impact of the merger, focusing on the trade-off between efficiency gains and credit risk within the Maqasid al-Shariah framework, particularly the principle of hifz al-mal (protection of wealth). A quantitative panel data approach is employed, utilizing a Fixed Effects model on four major Islamic banks over the 2018–2024 period. To address pre-merger data limitations, a synthetic data construction technique is used for the 2018–2020 period. The merger’s impact is assessed through the Hifz al-Mal Performance Index, a composite indicator capturing both asset development and asset protection dimensions. The findings reveal a dual pattern: profitability (ROA) and operational efficiency (BOPO) improved following the merger, while credit risk increased, as indicated by higher Non-Performing Financing (NPF). The regression results show a positive but marginally significant effect of the merger (β₁ = 7.452; p = 0.057). Sensitivity analysis further demonstrates that this positive effect depends on the index weighting scheme, with results becoming statistically insignificant when greater emphasis is placed on asset protection. These findings highlight the importance of balancing tanmiyat al-mal (wealth development) with the safeguarding function of hifz, particularly in the context of large-scale corporate restructuring in Islamic banking. ABSTRAK - Merger Bank Syariah dan Trade-off antara Efisiensi dan Risiko: Bukti dari Bank Syariah Indonesia. Merger tiga bank syariah BUMN menjadi PT Bank Syariah Indonesia Tbk (BSI) pada tahun 2021 menjadi tonggak penting dalam upaya meningkatkan efisiensi dan daya saing industri perbankan syariah di Indonesia. Penelitian ini mengkaji dampak ganda dari merger tersebut dengan menelaah keseim…
subject: Articles
  topic: section
subject: Islamic finance
  topic: category
subject: Islamic banking
  topic: category
subject: Islamic bank merger
  topic: keywords
subject: Hifz al-mal
  topic: keywords
subject: Efficiency and credit risk
  topic: keywords
subject: Maqasid al-Shariah
  topic: keywords
subject: Panel data analysis
  topic: keywords
creator: Royani Anwari
rights: Copyright (c) 2026 Royani Anwari (Author) https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-01
publication date: 2026-05-01
starting page: 71
ending page: 85
doi: 10.22373/share.0008

Reconstructing Social Fiqh in Contemporary Islamic Finance: A Maqashid Analysis of DSN-MUI Fatwa on Sukuk-Waqf
type: item
description: The development of contemporary Islamic finance requires the innovation of instruments that are not only compliant with sharia but also inclusive, sustainable, and aligned with the principles of maqāṣid al-sharīʿa to address modern socio-economic challenges. This study aims to examine DSN-MUI Fatwa No. 131/2019 on sukuk waqf as a manifestation of progressive social fiqh within the architecture of modern Islamic finance, particularly in articulating and operationalizing maqāṣid objectives. A qualitative-descriptive method with a normative approach is employed, utilizing document analysis of the fatwa and interpreting it through the maqāṣid frameworks of Abu Zahrah and Abdul Majid al-Najjar. The findings indicate that sukuk waqf represents a hybrid financial instrument that integrates the philanthropic nature of waqf with the structured mechanisms of Islamic capital markets, while reflecting key maqāṣid dimensions such as individual development, justice, social cohesion, and environmental sustainability. Furthermore, the fatwa demonstrates the role of DSN-MUI as an institutional ijtihād authority capable of synthesizing classical jurisprudence with contemporary financial needs. These findings imply that maqāṣid al-sharīʿa serves as a critical normative framework for designing and evaluating Islamic financial instruments that are value-oriented and socially responsive, while also highlighting the potential for broader application of sukuk waqf across various socio-economic sectors. ABSTRAK - Rekonstruksi Fiqh Sosial dalam Keuangan Islam Kontemporer: Analisis Maqashid atas Fatwa DSN-MUI tentang Sukuk Wakaf. Perkembangan keuangan Islam kontemporer menuntut inovasi instrumen yang tidak hanya sesuai dengan prinsip syariah, tetapi juga inklusif, berkelanjutan, dan berorientasi pada maqashid al-sharia guna menjawab tantangan sosial-ekonomi modern. Penelitian ini bertujuan untuk menganalisis Fatwa DSN-MUI No. 131/2019 tentang sukuk wakaf sebagai manifestasi fiqh sosial progre…
subject: Articles
  topic: section
subject: Islamic economics
  topic: category
subject: Islamic finance
  topic: category
subject: Islamic social finance
  topic: category
subject: Sukuk-waqf
  topic: keywords
subject: Maqashid al-sharia
  topic: keywords
subject: Social Fiqh
  topic: keywords
subject: DSN-MUI fatwa
  topic: keywords
subject: Contemporary Islamic Finance
  topic: keywords
creator: Nurlaili Adkhi Rizfa Faiza
creator: Hafidhotul Amaliyah
creator: Ita Marianingsih Purnasari
creator: Muhammad Lathoif Ghozali
rights: Copyright (c) 2026 Nurlaili Adkhi Rizfa Faiza, Hafidhotul Amaliyah, Ita Marianingsih Purnasari, Muhammad Lathoif Ghozali (Author) https://creativecommons.org/licenses/by-sa/4.0
date: 2026-04-30
publication date: 2026-04-30
starting page: 55
ending page: 70
doi: 10.22373/share.0006

Household Economic Management among Muslim Single-Parent Families in a Matrilineal Context
type: item
description: This study is situated within the growing attention to non-traditional family structures and their economic dynamics, particularly in contexts where cultural norms and religious values intersect with household decision-making. It examines how Muslim single-parent families in West Sumatra manage household economics within a matrilineal cultural setting. The study aims to understand income management, expenditure prioritization, and economic coping strategies under conditions of income instability and intensive caregiving responsibilities. A qualitative case study approach is employed, drawing on in-depth interviews with single-parent household heads and analyzed through thematic analysis. The findings reveal that these households operate as active and adaptive microeconomic units. Income management commonly relies on a single primary livelihood or a limited combination of flexible informal activities. Expenditures are structured hierarchically, prioritizing basic needs, children’s education as a long-term investment, and health care as situational spending, with halal consumption serving as a guiding principle. Coping strategies include consumption control, income diversification, and reliance on extended family and social networks as informal safety nets, reinforced by the matrilineal kinship system. Economic decisions are shaped not only by rational considerations but also by internalized Islamic values such as nafkah, amanah, moderation (wasatiyyah), and perceptions of barakah. These findings highlight the importance of integrating household economics with Islamic and socio-cultural perspectives to better understand economic behavior in Muslim single-parent households and to inform more context-sensitive policy and empowerment strategies. ABSTRAK - Pengelolaan Ekonomi Rumah Tangga pada Keluarga Single-Parent Muslim dalam Konteks Budaya Matrilineal. Penelitian ini berangkat dari meningkatnya perhatian terhadap dinamika ekonomi rumah tangga dalam struktur keluarga n…
subject: Articles
  topic: section
subject: Islamic economics
  topic: category
subject: Economic practices among Muslim communities
  topic: category
subject: Islamic business
  topic: category
subject: Islamic philanthropy
  topic: category
subject: Islamic work ethics
  topic: category
subject: Islamic finance
  topic: category
subject: Islamic capital market
  topic: category
subject: Household economics
  topic: keywords
subject: Muslim single-parent households
  topic: keywords
subject: economic coping strategies
  topic: keywords
subject: Islamic values
  topic: keywords
subject: income and expenditure management
  topic: keywords
creator: Almizan Almizan
creator: Erizal Candra Efendi
creator: Ruri Mustika
creator: Wldan Hadi
creator: Indah Permata Sari
rights: Copyright (c) 2026 Almizan Almizan (Author); Erizal Candra Efendi (Translator); Ruri Mustika, Wldan Hadi, Indah Permata Sari (Author) https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-06
publication date: 2026-05-06
doi: 10.22373/share.0036

A Critical Evaluation of Islamic Economic Growth in Developing Countries
type: item
description: Persistent socio-economic disparities and growing concerns over ethical economic governance have renewed interest in Islamic economics as an alternative development paradigm in the Global South. While conceptually compelling, its real-world application continues to face structural, institutional, and policy-related constraints that limit its transformative capacity. This study critically evaluates the development trajectory of Islamic economics in selected developing countries, focusing on the alignment of spiritual values with public policy and economic systems. A qualitative, reflective-descriptive design is employed using document analysis grounded in institutional theory, Islamic moral economy, and adaptive policy frameworks. The data consist of scholarly publications, official reports, and strategic policy documents published between 2015 and 2025, with particular attention to OIC member countries, including Indonesia, Malaysia, Saudi Arabia, and Pakistan. Thematic analysis reveals that strong institutions, flexible regulatory environments, and digital readiness are central to effective Islamic economic transformation. However, uneven regional development, non-contextualized policy designs, limited stakeholder engagement, and weak integration of Islamic economic education remain persistent challenges. The findings further indicate that policy interventions often remain symbolic due to the absence of dialogical and participatory governance mechanisms. Theoretically, this research advances understanding of how maqasid al-shariah can be translated into sustainable development practices. Practically, it offers direction for cross-sectoral collaboration, educational reform, and inclusive digital infrastructure. Overall, the study highlights the importance of a glocal approach that balances local socio-cultural realities with global development aspirations. ABSTRAK - Evaluasi Kritis Pertumbuhan Ekonomi Syariah di Negara-negara Berkembang. Ketimpangan sosial-ekonomi y…
subject: Articles
  topic: section
subject: Islamic economics
  topic: category
subject: Islamic Economic Acceleration
  topic: keywords
subject: Institutional Transformation
  topic: keywords
subject: Maqasid al-Shariah
  topic: keywords
subject: Developing Countries
  topic: keywords
subject: Sustainable Development
  topic: keywords
creator: Ismaulina Chairawan
creator: Iskandar Iskandar
creator: Azharsyah Ibrahim
rights: Copyright (c) 2026 Ismaulina Chairawan, Iskandar Iskandar, Azharsyah Ibrahim (Author) https://creativecommons.org/licenses/by-sa/4.0
date: 2026-04-25
publication date: 2026-04-25
starting page: 36
ending page: 54
doi: 10.22373/share.0003

Does Digital Waqf Intention Lead to Actual Use? Evidence from West Java
type: item
description: Digital waqf has emerged as a transformative innovation in Islamic philanthropy, linking traditional endowment practices with contemporary digital technology; however, despite Indonesia’s estimated annual cash waqf potential of IDR 180 trillion, less than 2% has been realized due to limited public literacy and participation. This study aims to examine the determinants of digital waqf adoption by applying the Technology Acceptance Model (TAM), with particular attention to perceived usefulness, perceived ease of use, and waqf literacy in shaping behavioral intention and actual use. Data were collected from 271 Muslim respondents in West Java and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The findings indicate that perceived ease of use significantly influences both perceived usefulness and behavioral intention, while waqf literacy also positively affects intention. In contrast, perceived usefulness does not show a significant effect on behavioral intention, suggesting that ease, understanding, and cognitive-religious awareness play a more prominent role than functional benefits in encouraging participation. Behavioral intention is confirmed as a strong predictor of actual use, highlighting its role as a critical link between awareness and real engagement in digital waqf activities. These results extend the TAM framework by incorporating waqf literacy as a cognitive-religious factor relevant to philanthropic technology adoption. Practically, the study suggests that waqf institutions should prioritize user-friendly platform design, expand literacy initiatives, and strengthen trust through transparency and accessibility to convert intention into sustained participation. ABSTRAK - Apakah Niat Berwakaf Digital Mempengaruhi Penggunaan Aktual? Bukti dari Jawa Barat. Wakaf digital hadir sebagai inovasi penting dalam filantropi Islam yang menghubungkan praktik wakaf tradisional dengan teknologi digital modern. Namun demikian, dari potensi waka…
subject: Articles
  topic: section
subject: Islamic philanthropy
  topic: category
subject: Islamic social finance
  topic: category
subject: Digital Waqf
  topic: keywords
subject: Technology Acceptance Model
  topic: keywords
subject: Behavioral Intention
  topic: keywords
subject: Actual Use
  topic: keywords
creator: Auni Alifah Sukirman
creator: Indri Yuliafitri
creator: Nabela Hapsari
rights: Copyright (c) 2026 Auni Alifah Sukirman, Indri Yuliafitri, Nabela Hapsari (Author) https://creativecommons.org/licenses/by-sa/4.0
date: 2026-04-24
publication date: 2026-04-24
starting page: 15
ending page: 35
doi: 10.22373/share.0045

Determinants of Digital Zakat Adoption Among Muslim Millennials in Indonesia
type: item
description: The increasing adoption of online donation platforms has transformed the collection and distribution of zakat, particularly among younger Muslim generations who are closely connected to digital technology. This study examines the factors influencing Muslim millennials’ decisions to distribute zakat through the “Kitabisa.com” platform in Indonesia. Specifically, it analyzes the roles of perceived ease of use, perceived usefulness, attitude toward use, behavioral intention to use, brand awareness, and zakat literacy in shaping decisions to utilize digital zakat platforms. The study employs a quantitative approach based on the Technology Acceptance Model (TAM), integrated with brand awareness and zakat literacy variables. Data were collected from 130 Muslim millennials in Indonesia using accidental sampling, and the analysis was conducted using Structural Equation Modeling–Partial Least Squares (SEM-PLS) with SmartPLS 4.0. The findings indicate that perceived ease of use significantly influences perceived usefulness but does not have a significant effect on attitude toward use. Brand awareness and zakat literacy significantly influence the decision to use the platform. Perceived usefulness significantly affects both attitude toward use and behavioral intention to use, while attitude toward use also significantly influences behavioral intention. Furthermore, behavioral intention has a significant effect on the final decision to distribute zakat through the platform. These findings highlight the importance of strengthening digital literacy, enhancing platform usability, building public trust, and expanding brand visibility to encourage wider participation in digital zakat distribution among Muslim millennials in Indonesia. ABSTRAK - Determinan Adopsi Zakat Digital pada Muslim Milenial di Indonesia. Peningkatan penggunaan platform donasi daring telah membawa perubahan signifikan dalam mekanisme pengumpulan dan pendistribusian zakat, terutama di kalangan generasi milenial …
subject: Articles
  topic: section
subject: Economic practices among Muslim communities
  topic: category
subject: Islamic work ethics
  topic: category
subject: Islamic social finance
  topic: category
subject: Digital Zakat
  topic: keywords
subject: Zakat Literacy
  topic: keywords
subject: Technology Acceptance Model
  topic: keywords
subject: Brand Awareness
  topic: keywords
subject: Muslim Millennials
  topic: keywords
creator: Nisa Nurazizah
creator: Rahmad Hakim
creator: Sri Cahyaning Umi Salama
creator: Ririn Noviyanti
rights: Copyright (c) 2026 Nisa Nurazizah, Rahmad Hakim, Sri Cahyaning Umi Salama, Ririn Noviyanti (Author) https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-11
publication date: 2026-05-11

Reassessing Islamic Hedging Fatwa in Indonesia: Accounting, Regulation, and Market Practices
type: item
description: Exchange rate volatility remains a major challenge for businesses, including institutions operating within the Islamic financial system. In Indonesia, Dewan Syariah Nasional–Majelis Ulama Indonesia Fatwa No. 96/DSN-MUI/IV/2015 serves as the primary reference for Sharia-compliant hedging transactions. However, concerns related to Sharia compliance, inconsistencies between regulations and market practices, and limited understanding of operational hedging mechanisms continue to hinder the development of the Islamic derivatives market. This study examines the reliability and practical applicability of the Fatwa through the perspective of PSAK Syariah, relevant regulations, and foreign exchange market practices. Using a qualitative approach, the study employs content analysis, comparative analysis, and critical analysis of the Fatwa and related accounting standards. The findings show that the Fatwa contains four hedging mechanisms: Aqd al-Tahawwuth al-Basith (ATB), al-Murakkab (ATM), and Aqd al-Tahawwuth fi Suq al-Sil’ah (ATFSS) Mechanism-1 and Mechanism-2. Among them, ATB, ATM, and ATFSS-1 are operationally capable of producing actual currency settlement, although ATFSS-1 introduces financing and operational complexities that reduce efficiency. Meanwhile, ATFSS-2 does not result in actual currency exchange because settlement occurs through netting. The study also identifies several misalignments between the Fatwa, accounting standards, financial regulations, and prevailing market practices, which may weaken the effectiveness and practical benefits of Sharia hedging transactions. This study contributes a new analytical framework for assessing the reliability and alignment of Sharia rulings with accounting governance, regulatory structures, and market realities in a dual banking environment. ABSTRAK - Menilai Ulang Fatwa Lindung Nilai Syariah di Indonesia: Akuntansi, Regulasi, dan Praktik Pasar. Volatilitas nilai tukar masih menjadi tantangan besar bagi dunia usaha, terma…
subject: Articles
  topic: section
subject: Islamic finance
  topic: category
subject: Islamic accounting
  topic: category
subject: Islamic banking
  topic: category
subject: Fatwa
  topic: keywords
subject: Islamic Hedging
  topic: keywords
subject: Murabahah
  topic: keywords
subject: PSAK
  topic: keywords
subject: Wa’d
  topic: keywords
creator: Rovila El Maghviroh
creator: Indra Suwandi
creator: Nurdina Nurdina
rights: Copyright (c) 2026 Rovila El Maghviroh, Indra Suwandi, Nurdina Nurdina (Author) https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-11
publication date: 2026-05-11

Halal Certification and MSME Performance: A Bibliometric Perspective
type: item
description: This study examines the evolving scientific landscape of halal certification and its implications for the performance of Micro, Small, and Medium Enterprises (MSMEs) within the expanding global halal economy. The growing importance of halal certification has transformed it from a religious compliance mechanism into a strategic instrument associated with consumer trust, market access, supply chain integrity, and business competitiveness. This research aims to synthesize the intellectual development, thematic evolution, and research trends related to halal certification and MSME performance through a bibliometric approach. Using a quantitative design, the study analyzed 598 documents indexed in the Scopus database from 2005–2024. Data collection employed the query Title-Abs-Key (“halal certification” AND (“MSME” OR “SME” OR “performance”)), while Biblioshiny and VOSviewer were utilized to map citation patterns, annual growth, collaboration networks, thematic clusters, and intellectual structures. The findings reveal that halal certification research has grown significantly, reflected in an annual growth rate of 28.37%, with Malaysia and Indonesia emerging as the dominant research hubs. The thematic focus has shifted from normative and theological discussions toward practical business dimensions, including consumer behavior, halal supply chain management, food safety, digital traceability, marketing, and economic competitiveness. The study also highlights the increasing integration of technology, such as blockchain systems, within halal certification mechanisms. These findings indicate that halal certification contributes not only to regulatory compliance but also to strengthening MSME competitiveness, improving consumer confidence, and expanding market opportunities. The study offers strategic implications for policymakers, industry stakeholders, and MSME actors in developing sustainable halal ecosystems and strengthening the global competitiveness of halal-certified …
subject: Articles
  topic: section
subject: Economic practices among Muslim communities
  topic: category
subject: Islamic work ethics
  topic: category
subject: Bibliometric Analysis, Halal Certification, MSME Performance, Scopus, Thematic Mapping.
  topic: keywords
creator: Sari Utami
creator: Azis Muslim
creator: Muhammad Ghafur Wibowo
rights: Copyright (c) 2026 Sari Utami, Azis Muslim, Muhammad Ghafur Wibowo (Author) https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-08
publication date: 2026-05-08

Developing an Integrated Model of Creative Economy and Halal Tourism in Aceh Tengah: An Analytic Network Process Approach
type: item
description: This study is situated within the growing importance of creative economy and halal tourism as interconnected drivers of inclusive regional development, particularly in Muslim-majority contexts such as Aceh Tengah Regency. The research aims to examine stakeholder synergy in developing these sectors by identifying key challenges, strategic solutions, and implementation priorities from the perspectives of government, academics, and entrepreneurs. A qualitative approach was employed through expert interviews, supported by the Analytic Network Process (ANP) framework using Super Decisions software to structure and prioritize strategic indicators based on expert judgments. The findings reveal four essential pillars for development: improved accessibility, strengthened creative human resources, enhanced digital marketing, and environmental sustainability. Accessibility emerges as a foundational factor influencing connectivity, economic participation, and regional competitiveness, while human resource development is central to fostering innovation and long-term sector resilience. Digital marketing expands market reach and strengthens halal-oriented promotional strategies, whereas environmental sustainability ensures balance between economic growth, ecological preservation, and social well-being. The study further conceptualizes development through two interlinked pillars: infrastructure and creative ecosystem strengthening, and sustainability with inclusivity integration. These findings imply the need for coordinated policy frameworks that align economic development with Islamic values, local cultural identity, and sustainable growth principles in Aceh Tengah. ABSTRAK - Pengembangan Model Terintegrasi Ekonomi Kreatif dan Pariwisata Halal di Aceh Tengah: Pendekatan Analytic Network Process. Kajian ini berangkat dari semakin pentingnya ekonomi kreatif dan pariwisata halal sebagai dua sektor yang saling terhubung dalam mendorong pembangunan daerah yang inklusif, khususnya di K…
subject: Articles
  topic: section
subject: Economic practices among Muslim communities
  topic: category
subject: Islamic management
  topic: category
subject: Halal Tourism
  topic: keywords
subject: Creative Economy
  topic: keywords
subject: Accessibility
  topic: keywords
subject: Human Resources
  topic: keywords
subject: ANP
  topic: keywords
creator: Syaripuddin Syaripuddin
creator: Harley Agustian
creator: Zahara Zahara
rights: Copyright (c) 2026 Syaripuddin Syaripuddin, Harley Agustian, Zahara Zahara (Author) https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-02
publication date: 2026-05-02
starting page: 107
ending page: 127
doi: 10.22373/share.0033

Digital Transformation and Sustainability in Islamic Finance: Evidence from Geopolitical Uncertainty in an Emerging Regional Economy
type: item
description: Amid rapid digital advancement, empirical evidence linking digital transformation with sustainability principles in Islamic economics and finance remains limited. The evolution of this sector has increasingly reflected improvements in operational efficiency, expanded financial inclusion, and the emergence of technology-driven innovations. This study evaluates the effects of digital transformation, sustainable growth, and geopolitical uncertainty on the performance of Islamic economics and finance, with a focus on Islamic financial institutions in Lhokseumawe City. A quantitative approach is employed using Partial Least Squares–Structural Equation Modeling (PLS-SEM), based on data collected from 279 users of Islamic financial services. The findings reveal that digital transformation, sustainable growth, and geopolitical factors each exert a positive and significant influence on the performance of Islamic economics and finance. In addition, digital transformation functions as a mediating mechanism that links sustainable growth to financial performance, indicating its role in translating sustainability-oriented initiatives into measurable outcomes. These results highlight the importance of strengthening the integration between digital innovation and sustainability agendas, while also addressing external pressures arising from geopolitical uncertainty and global technological change. The study offers insights for advancing theoretical integration across these domains and provides direction for enhancing institutional adaptability, inclusiveness, and resilience within Islamic financial systems. Transformasi Digital dan Keberlanjutan dalam Keuangan Islam: Bukti dari Ketidakpastian Geopolitik di Ekonomi Regional Berkembang. Meski teknologi digital berkembang sangat pesat, studi empiris tentang hubungan antara transformasi digital dan prinsip keberlanjutan dalam ekonomi dan keuangan Islam masih terbatas. Transformasi digital telah mempengaruhi dinamika ekonomi dan keuangan …
subject: Articles
  topic: section
subject: Islamic economics
  topic: category
subject: Islamic finance
  topic: category
subject: Digital Transformation
  topic: keywords
subject: Islamic Finance
  topic: keywords
subject: Sustainable Growth
  topic: keywords
subject: Geopolitical Uncertainty
  topic: keywords
subject: Financial Performance
  topic: keywords
creator: Rauzatul Jannah
creator: Harjoni Desky
creator: Iskandar Iskandar
rights: Copyright (c) 2026 Rauzatul Jannah, Harjoni Desky, Iskandar Iskandar (Author) https://creativecommons.org/licenses/by-sa/4.0
date: 2026-05-01
publication date: 2026-05-01
starting page: 86
ending page: 106
doi: 10.22373/share.0015

Balancing Efficiency and Spirituality: Implementation of Virtual Accounts at Tebuireng Islamic Boarding School
type: item
description: The rapid expansion of financial digitalization has transformed governance practices in educational institutions, including Islamic boarding schools (pesantren), where financial transactions are closely intertwined with social and spiritual values. This study aims to examine how the implementation of virtual account (VA) systems at Tebuireng Islamic Boarding School influences administrative efficiency, user satisfaction, and socio-spiritual dynamics. This study employs a qualitative approach with an interpretive phenomenological design. Data were collected through in-depth interviews, participatory observations, and document analysis involving fifteen participants, including financial staff, students’ guardians, and institutional managers. The findings indicate that the adoption of VA significantly enhances administrative efficiency through real-time transaction processing, improved transparency, and reduced recording errors, reflecting the principles of New Public Management (NPM). From the perspective of the Technology Acceptance Model (TAM), perceived usefulness and ease of use contribute to increased satisfaction; however, trust and alignment with spiritual values emerge as equally important determinants. Using Cultural-Historical Activity Theory (CHAT), the study further reveals that digitalization reconfigures social interactions, reducing face-to-face engagement traditionally associated with silaturahmi and barakah, thereby generating tensions between efficiency and spirituality. This study contributes to the literature by demonstrating that financial digitalization in religious institutions is a value-laden process that requires balancing technological efficiency, user trust, and spiritual meaning, offering implications for the development of hybrid governance models in faith-based educational settings. ABSTRAK - Menyeimbangkan Efisiensi dan Spiritualitas: Implementasi Virtual Account di Pesantren Tebuireng. Perkembangan digitalisasi keuangan telah membawa p…
subject: Articles
  topic: section
subject: Islamic economics
  topic: category
subject: Islamic finance
  topic: category
subject: Islamic microfinance
  topic: category
subject: Virtual Account
  topic: keywords
subject: Financial Efficiency
  topic: keywords
subject: Parents’ Satisfaction
  topic: keywords
subject: Spiritual Values
  topic: keywords
subject: New Public Management
  topic: keywords
subject: Technology Acceptance Model
  topic: keywords
subject: Cultural-Historical Activity Theory
  topic: keywords
creator: Humaidi Humaidi
creator: Dwi Ari Pertiwi
creator: Rachma Agustina
creator: Meta Ardiana
creator: Srikalimah
rights: Copyright (c) 2026 Humaidi Humaidi, Dwi Ari Pertiwi, Rachma Agustina, Meta Ardiana, Srikalimah (Author) https://creativecommons.org/licenses/by-sa/4.0
date: 2026-04-13
publication date: 2026-04-13
starting page: 1
ending page: 14
doi: 10.22373/share.0004