The realization of cash waqf is currently still very limited. Waqf literacy is still very minimal, especially for millennials. The millennial generation is a generation that is very close to technology, judging from the daily life of millennials, it is very closely related to activities carried out with technology. Factors that affect the online cash waqf generally previous researchers limited only to a few factors such as some discussed only limited to Social Influence (SI), and Religiosity or factors of Knowledge, Belief, Religiosity, Attitude, Subjective Norms and Perceived Behavioral Control (PBC ). This study aims to analyze the influence of perceived usefulness, perceived ease of use, religiosity, trust, social influence, information, attitude, subjective norm, perceived behavioral control, and waqf literacy on the intentions or desires of millennials to do online cash waqf. The data analysis method in this study uses the Structural Equation Model – Partial Least Squares (SEM-PLS). The research sample used in this study was the millennial generation who were born in the period from 1981 to 1996. The data used in this study was through field research, in this case data collection was carried out by distributing questionnaires that were distributed through online media (google form) to the millennial generation. The first result in this study is that perceived usefulness, religiosity, trust, social influence, information, attitude, perceived behavioral control greatly influence the millennial generation in making money online. While waqaf literacy, Perceived Ease of Use and Subjective Norm do not greatly affect millennials in online cash waqf.

This study aims to analyze the opportunities and challenges of implementing Sharia-based green finance in State-Owned Enterprises (SOEs), using Perum LKBN Antara as a case study. Sharia-based green finance is an innovative approach that integrates sustainability principles with Islamic values in the financial system. Using a qualitative method with a case study approach, data were collected through in-depth interviews, company documents, and annual reports, which were analyzed using NVivo software. The results show that Perum LKBN Antara has significant potential to adopt Sharia-based green finance, supported by internal awareness, environmentally friendly strategic policies, and ESG reporting practices. However, the implementation still faces several challenges, such as limited human resources, the absence of a structured sustainability roadmap, and a lack of understanding of Sharia principles in the context of green finance. This research recommends strengthening internal literacy, collaborating with Sharia-compliant institutions, and developing a roadmap and sustainability report based on Sharia ESG principles. This study is expected to provide both theoretical and practical contributions to the development of Sharia-based green finance in the public sector as a support for achieving the Sustainable Development Goals (SDGs).

The implementation of mandatory halal certification in Indonesia poses significant challenges for Micro and Small Enterprises (MSEs), primarily due to constrained financial, technical, and human resources, as well as complex regulatory frameworks. This study investigates strategic priorities to support MSEs in navigating the halal certification process by juxtaposing qualitative perspectives from key halal ecosystem stakeholders government officials, certification bodies, MSE practitioners, and halal influencers with insights generated through artificial intelligence (AI). Employing content and thematic analysis, the study addresses the core research question: “What should be prioritized to facilitate halal certification for Indonesian MSEs?” The findings highlight both areas of convergence and divergence between human and AI-generated perspectives, particularly concerning the practicality, scalability, and sustainability of proposed interventions. While stakeholders emphasize the need for institutional support, simplified procedures, and capacity building, AI contributes innovative, data-driven strategies such as automated compliance tools and targeted digital outreach. This integrative analysis offers a novel contribution by bridging human-centric knowledge with AI-enabled foresight, thereby informing evidence-based policymaking and operational strategies. Ultimately, the study provides a multidimensional roadmap for enhancing the accessibility, efficiency, and inclusivity of halal certification in Indonesia, particularly for MSEs that constitute a vital segment of the national economy and halal value chain. 

Introduction:Islamic financial conceptenables an integrationbetween commercial and social finance. It has a substantial benefit for the economy. This study aimsto investigate the factors that influence Muslim millenials intention to contribute toward integrated Islamic commercial and social finance (IICSF), especiallyin Indonesiacase.Research Methods:Using modified TPB framework, primary data is collected from respondents located in Jakarta, Bogor, Depok, Tangerang, and Bekasi.Partial Least Square-Structured Equation Modelling(PLS-SEM) is utilized to analyze the data.Results:The result indicatesthat knowledge, religiosity, attitude, subjective norms, and perceived behavioral control have significant impact on Muslim millennials’intention to contribute toward IICSF. Meanwhile,relative advantage is found to be insignificant.Conclusion:To boost the practice and implementation of IICSF, it is important to raise public knowledge, religiosity, attitude, and to increase education so society are well educated about the products.This study contributes to the limited research on integrated Islamic finance from a consumer perspective, particularly focusing on the behavioral intentions of Muslim millennials in Indonesia.

This research aims to analyze the influence of seller ethics on customer satisfaction, trust, and loyalty. Additionally, it aims to explore the impact of satisfaction and trust on customer loyalty within the automotive industry. Using a quantitative approach and survey method, data was collected from 95 automotive industry employees in the Jabodetabek-Karawang area via cluster sampling. A questionnaire was utilized for data collection, and the analysis was conducted using PLS SEM.The results indicate that seller ethics positively and significantly impact customer trust, satisfaction, and loyalty. Specifically, enhanced seller ethics correlate with higher customer satisfaction, strengthened customer trust, and increased customer loyalty. Moreover, high customer trust boosts loyalty, and customer satisfaction is crucial for fostering loyalty.These findings underscore the importance of seller ethics in cultivating robust and profitable customer relationships. By practicing good ethics in customer interactions,sellers can enhance trust, satisfaction, and loyalty. This study contributes to the automotive industry literature and has practical implications for companies, suggesting that improving salesperson ethical behavior through training and coaching can be beneficial.

This study aims as a first step in determining the financial health of the company using the Early Warning System (EWS) financial ratios and early corporate bankruptcy. This research aims to analyze the Altman Z-Score and Fulmer Model models which will be used as an Early Warning System (EWS) for sharia insurance vulnerabilities in Indonesia. The Altman Z-Score and Fulmer Model methods use data obtained from financial reports and processed as a measure of financial health. The ratio that influences the financial vulnerability of sharia insurance in Indonesia using the Altman method which has been modified using PCA is the ratio of retained earnings/total assets (X2) and income before tax/total assets (X3). Meanwhile, the influential ratios from the Fulmer method modified using PCA found 3 ratios that influenced the financial vulnerability of sharia insurance in Indonesia, namely Retained Earning/Total Assets (V1), EBT/Equity (V3) and Cash Flow/Total Debt (V4).

Ekselensia Tahfizh School (e-Tahfizh) is a human resource development program with a focus on memorizing Al-Qur'an, dirasah Islamiyah,andleadershipundertheauspicesoftheLembagaAmilZakat (LAZ)DompetDhuafa.This study aims to determine the extent to which the effectiveness of the e-Tahfizh program in helping beneficiaries feel a change in welfare in their lives. This study uses a quantitative and descriptive qualitative approach with a random sample technique and data collection through interviews and questionnaires to 28 alumni, as well as applying the CIBEST model and T-test to measure changes in spiritual well-being before and after undergoing program coaching.The results showed that the program was effective, where the spiritual well-being index increased from 75% to 82.14% before and after becoming an alumnus of the e-Tahfizh program. In addition, the t-test also showed statistical significance with a p-value of 0.022 (one-way) and 0.044 (two-way),sothestatisticaltestresultsweredeclaredsignificantbecausethey were smaller than 0.05.The practical implications of this research show that ZISWAF-based education could improvethe spiritual welfare of underprivileged communities. The e-Tahfizh model could expand access to Islamic education and optimize the role of ZISWAF in human resource development.Dompet Dhuafa continues to encourage evaluation to improve program quality and expand access to Islamic values-based education

This study aims to analyze the influence of perceived ease of use, trust, and religiosity on the behavioral intention to perform cash waqf through a waqf application in the Jabodetabek area (Jakarta, Bogor, Depok, Tangerang, and Bekasi). This study employs a quantitative approach with a survey method to collect data from internet users who have participated in waqf through waqf applications or websites. Statistical techniques are used for data analysis to test the proposed hypotheses, and the analytical tool applied is SEM-PLS. The results showed that the three variables had a significant influence on interest in using the cash waqf application. Perceived Ease of Use acts as a major factor in technology adoption, where the ease of use of the application increases user interest. In addition, a high level of religiosity encourages individuals to be more interested in waqf through digital applications. Trust in transparency, security, and management of funds according to sharia principles also plays an important role in increasing user interest. The implications of these findings indicate the importance of waqf application providers to improve ease of use, transparency, and features that support religious values to attract more users. The findings are expected to provide insights into the future development of digital-based waqf applications. Future research could expand the research variables and apply a qualitative approach to dig deeper into the user experience.

This research aims to measure the extent of the impact of the Zakat distribution program in the education sector by taking a case study of the BAZNAS Cendekia School (SCB) program. This research was conducted using an evaluative approach with the Sustainability Livelihood Impact Assessment (SLIA) framework. Data collection was carried out through literature study, field observations, in-depth interviews. The sample population for this research was comprehensive (total sampling) consisting of 21 school management people, 26 teaching staff, 277 students and 30 heads of local families. The findings from this research show that there has been an increase in all aspects of SLIA with various scales of change, namely the human resource capital aspect of 0.30, social capital of 0.25, natural resource capital of 0.30, physical capital of 0.25 and financial capital of 0.41. The highest change occurred in the financial capital aspect of 0.41 and the lowest change occurred in the social and physical capital aspect. This shows that during the 2017-2020 period, the current social and financial modalities are aspects that are felt to be very useful at this time, so in the future the minimum contribution achieved in this aspect can be maintained. Meanwhile, regarding the aspects of human resource, natural resources and physical modalities, these three aspects need to receive attention to improve optimization so that these already good assets can be more optimally useful for all parties who have an interest in the sustainability of SCB for better education. A limitation of this research is the unavailability of baseline data to measure how big the stakeholder and beneficiary perception scores were at the start of the program. Because this research was conducted in the 3rd year after the SCB started, of course the perception comparison between then and now has the potential for quite large bias.

This research examines how the fraud square influences fraud, and investigates whether implementing tahdzib al-fard (educating individuals), part of Maqashid Sharia values, and Islamic Work Ethics (IWE), can reduce employee involvement in fraud. The study uses a quantitative approach with questionnaires for data collection, with 257 civil servants in Banten Province agencies, Indonesia, as study samples. The data were further tested using partial least squares structural equation modeling. The study reveals that pressure, opportunity and rationalization have a positive relationship with fraud, while integrity has no impact on fraud deterrence. Tahdzib alfard significantly influences employee perceptions and attitudes towards dealing with fraud triggers and increasing integrity. IWE was found to only moderate the relationship between pressure and fraud. The research captures the prevalence of fraud in Banten Province government agencies through the lens of the fraud square. It also proposes a new measurement of tahdzib alfard, combined with the internalization of IWE, as a promising approach that weakens the drivers of fraud and has implications for reducing the level of fraud in the government sector.

Taxation has an important role in the development of the Indonesian nation. Every individual or legal entity has tax obligations, including Islamic boarding schools. Islamic boarding schools are often synonymous with religious life with strict religious rules; this causes a lack of influence on positive regulations on Islamic boarding schools, such as regulations related to taxation at Islamic boarding schools. Meanwhile, foundations often argue that the institution is non-profit, so it is free from taxation. This community service activity aims to increase tax literacy in Islamic boarding schools and foundations. The method used is socialization and assistance related to tax regulations and their application to Islamic boarding schools and foundations. Socialization is carried out throughwebinars while assistance is carried out throughconsultations on tax problemsfaced by Islamic boarding schools and foundations. The results of this community serviceactivity show that the knowledge of taxation at Islamicboarding schools and foundations is increasing but not at a high level, so continuous socialization efforts and direct consultation on tax issues faced by Islamic boarding schools and foundations are needed

Purpose

This study aims to discuss literature of zakat collection, particularly to compare what Scopus and Web of Science (WoS), as the two most popular databases, provide to complete the pattern and the direction of future research of zakat collection using bibliometric analysis.

Design/methodology/approach

This study collected 266 manuscripts from the Scopus database and 106 manuscripts from the WoS database covering more than three decades from 1987 to the beginning of 2023.

Findings

This study identifies a wider horizon of future research of zakat collection literature. Where Scopus database mostly discusses the connection between the state, government and zakat, meanwhile the WoS database discusses smaller scope of zakat collection, which includes zakat institution and its governance along with behavioural and commitment of zakat payers.

Research limitations/implications

The results imply that future research agenda may include the discussion of state-government-zakat collection policy connection and behavioural and commitment of zakat payers.

Practical implications

The results also imply to widening and deepening the zakat collection. Further, it also implies to administratively to zakat agencies/zakat institution.

Originality/value

To the best of the authors’ knowledge, this study is among the first study (or the first) that compare Scopus and WoS database in the zakat collection literature.

In an era of increasing economic volatility and financial uncertainty, understanding the impact of the Real Business Cycle (RBC) on the Islamic Capital Market (ICM) is crucial for enhancing the resilience of Islamic financial systems, which are increasingly significant in global finance. This research is important because understanding the impact of the Real Business Cycle (RBC) on the Islamic Capital Market (ICM) is crucial for enhancing the resilience of Islamic financial systems, which are increasingly significant in global finance. The research aims to investigate the extent of co-movement and the effect of the Real Business Cycle (RBC) on the Islamic Capital Market (ICM) in Indonesia. The methodology begins with the Hodrick-Prescott (HP) Filter to identify trends and cycles in the RBC and ICM data. Next, cross-correlation analysis is used to measure the co-movement between the two, determining how RBC fluctuations affect the Islamic capital market. Finally, the Vector Autoregressive (VAR) and Vector Error Correction Model (VECM) are applied to explore both the short-term and long-term causal relationships between RBC and ICM, offering insights into immediate and persistent effects on the market.  The findings reveal a significant relationship between Real Business Cycle (RBC) indicators and the Islamic Capital Market (ICM), with notable shifts in investor behavior and varying impacts of GDP, unemployment, and exchange rates on Islamic financial instruments like Jakarta Islamic Index (JII) and Sukuk.

This study examines the factors that influence customer loyalty at Islamic banks in West Java in the face of increasingly fierce competition in the Islamic banking industry. The research focuses on brand image, service quality, and customer satisfaction, highlighting the moderating role of customer satisfaction. The uniqueness of this study lies in the in-depth exploration of how customer satisfaction serves as a moderator that strengthens the relationship between brand image and loyalty in the religious preferences of the people of West Java. Data was collected from Islamic bank customers in West Java using purposive sampling method, with a total of 259 respondents. Data analysis was conducted using Structural Equation Modeling (SEM) with AMOS software version 24. The results showed that brand image, service quality, and customer satisfaction have a positive and significant effect on loyalty. In addition, customer satisfaction moderates the relationship between brand image and loyalty, strengthening customer trust and long-term commitment. This research introduces a new perspective by integrating the religiosity dimension as an intrinsic factor that influences the effectiveness of Islamic banks' strategies in increasing customer loyalty. The practical implication is that Islamic banks should enhance customer experience through specific strategies, such as providing intensive training to improve employees' service skills, using technology to ensure service efficiency and convenience, and developing marketing campaigns that are consistent with Islamic values. In addition, proactive and transparent complaint management can strengthen customer relationships. These measures are important to strengthen brand image, improve service quality, and foster loyalty in the long run.

This research aims to evaluate the comparative efficiency of the Takaful industry in Southeast Asia, specifically in Indonesia and Malaysia, highlighting the sector's performance and operational benchmarks. Utilizing Data Envelopment Analysis (DEA), this research measures the efficiency of various Islamic insurance companies in 2019-2023 by comparing input variables such as Total Assets and Operating Expenses to output variables such as Revenue and Profit (Loss). The selection of input and output variables is adjusted to the intermediation efficiency approach used in the study. The results reveal that the efficiency trend in Islamic insurance companies in Indonesia and Malaysia tends to fluctuate. Besides, there is no Islamic Insurance company in Indonesia and Malaysia has achieved the maximum average efficiency score (1.00) during 2019-2023. PT Asuransi Sonwelis Takaful (0.93) reached the highest average efficiency score (0.93) among Islamic insurance companies in Indonesia. Meanwhile, Etiqa General Takaful Berhad was the Islamic insurance company in Malaysia that achieved the highest average efficiency score (0.99). This study also found that the efficiency level of Islamic insurance Companies in Malaysia tend to be higher than that of Islamic insurance companies in Indonesia. To achieve maximum efficiency level, Islamic insurance companies in Indonesia and Malaysia can improve their performance by concerning to the Revenue and Profit as the input variables, which are the largest sources of inefficiency inIslamic Insurance companies in Indonesia and Malaysia respectively. Islamic insurance companies in Indonesia and Malaysia should focus on improving efficiency through regular performance evaluations and product innovation to enhance financial inclusiveness and expand their reach. Regulators and academics are encouraged to support this effort by monitoring industry performance, addressing operational challenges, and conducting further research to provide comprehensive insights into the efficiency of Islamic insurance companies.

This study investigates the implementation of Good Nazir Governance (GNG) in Indonesian Waqf Institutions, utilizing the GNG Index as an assessment tool. Despite the considerable potential of waqf in Indonesia, governance practices remain relatively underdeveloped. While the GNG Index presents a novel instrument for evaluating waqf performance, prior research on its application has been limited. This research aims to fill this gap by examining the extent to which waqf institutions adhere to GNG principles. Employing a mixed methods approach, combining qualitative and quantitative data collected through purposive sampling and a questionnaire, this study reveals that only 45 percent of the 20 sampled waqf institutions achieve a "compliant" rating on the GNG Index. These findings highlight the need for further efforts to enhance GNG practices in Indonesian waqf institutions.

Despite its high Human Development Index (HDI), Yogyakarta paradoxically suffers from one of the highest poverty rates on the island of Java. This situation underscores the limitations of conventional human development metrics, particularly in regions with a predominantly Muslim population. To address this issue, this study introduces the Islamic Human Development Index (I-HDI) as an alternative framework that more effectively captures the relationship between human development and poverty in a Muslim-majority context.Utilizing secondary data from five districts in Yogyakarta spanning the years 2012 to 2023, and employing panel data regression alongside Granger causality analysis, the findings indicate that HDI has a limited and indirect effect on poverty. In contrast, I-HDI demonstrates a stronger and more direct negative correlation with poverty levels. Furthermore, Granger causality analysis reveals that changes in I-HDI significantly influence poverty levels, and vice versa, suggesting a dynamic and bidirectional interaction between these two variables.These results imply that I-HDI offers a more accurate reflection of human development in Muslim-majority regions, capturing dimensions often overlooked by traditional indices. Ultimately, the findings highlight the intricate interaction between human development and poverty, providing valuable insights for policymakers to create more effective poverty alleviation strategies grounded in Islamic principles and local cultural values

Potensi wakaf uang di Indonesia mencapai Rp180 triliun per tahun, realisasi penghimpunannya masih rendah, kurang dari 1%. Rendahnya kesadaran masyarakat menjadi salah satu hambatan utama, terutama persepsi bahwa wakaf terbatas pada aset fisik seperti tanah atau bangunan. Tujuan dari penelitian ini adalah untuk mendalami persepsi dan minat lembaga nadzir wakaf terhadap pengelolaan wakaf uang. Mengkaji hambatan lembaga nadzhir wakaf dalam mengelola wakaf dan menemukan strategi komunikasi dalam meningkatkan wakaf uang di provinsi Jawa Barat. Penelitian ini menggunakan metode kualitatif dengan pendekatan studi kasus, yang pengumpulan data melalui wawancara, observasi, dan analisis dokumen. Hasil penelitian menunjukkan pentingnya strategi komunikasi eksternal yang efektif, termasuk edukasi berbasis religiusitas, penggunaan media sosial, dan pengemasan pesan yang relevan untuk meningkatkan pemahaman masyarakat. Pendekatan komunikasi interaksional, yang memungkinkan dua arah dan umpan balik, juga direkomendasikan untuk memperkuat hubungan antara Badan Wakaf Indonesia, lembaga Nazhir, dan masyarakat. Strategi ini berperan sebagai jembatan untuk membangun kepercayaan, meningkatkan kesadaran, serta mendorong partisipasi masyarakat dalam wakaf uang. Implementasi strategi ini diharapkan dapat mengoptimalkan potensi wakaf uang sebagai instrumen pembangunan ekonomi berbasis Islam dan meningkatkan kesejahteraan masyarakat.

Zakat Institutions and marketplace platforms have established a
collaboration to adapt to the growing shift toward digital transaction
patterns in managing Zakat, Infaq, and Shadaqah (ZIS). Marketplaces
offer convenience in ZIS collection, while LAZ ensures Sharia
compliance in fund management. This study highlights how such
collaboration significantly expands the reach of ZIS collection,
presenting immense potential, but also identifies challenges in ensuring
Sharia compliance and accountability. The research employs a
qualitative methodology to explore the dynamics of the collaboration
between Zakat Institutions and marketplace platforms. Thematic
analysis was applied to identify key themes related to the opportunities
and challenges of the collaboration. The research contributes to the
understanding of digital platforms' role in faith-based financial
management, offering practical insights for enhancing cooperation
between LAZ and marketplaces. It emphasizes the need for dialogue,
public education about ZIS and qurban, and system adjustments to
ensure Sharia compliance. The findings have practical implications for
improving digital ZIS management through enhanced accountability
and regulatory frameworks, making this collaboration a model for
leveraging technology in religious fund management.

Introduction
The recent escalation of the conflict between Israel and Palestine triggered a global solidarity movement, including Boycott campaigns against products affiliated with Israel.
Objectives
This study aims to analyze the determinants of digitalization's influence on online boycott product buying behavior among Muslim communities in Jabodetabek (Jakarta–Bogor–Depok–Tangerang—Bekasi), the Jakarta Metropolitan Area, or Greater Jakarta.
Method
This study's hypothesis is that social media, religiosity, subjective norms, behavioral control, and attitude have a positive and significant influence on boycotting behavior. It used an online survey with a randomly selected sample of 100 respondents. To test the hypothesis, it used structural equation modeling (SEM) with partial least squares (PLS).
Results
The results show that social media and religiosity have a positive and significant influence on boycotting attitudes, while subjective norms and behavioral control do not have a significant influence on boycotting attitudes. Boycotting attitude also has a positive and significant influence on buying behavior. The R-square value of the model is 0.763, which means that the independent variables can explain 76.3% of the variability of buying behavior.
Implications
This study also provides implications for marketers and policymakers to understand the factors influencing the attitude and behavior of boycotting products affiliated with Israel among Muslim communities in Jabodetabek.
Originality/Novelty
This study contributes to the literature on consumer behavior, especially in the context of boycotting products related to political and religious issues.