Muhammad Hakimi Mohd Shafiai

Purpose – This study develops a structured decision-making framework to identify strategic priorities for halal tourism development in Aceh, Indonesia, by integrating the analytic network process (ANP) with the benefit, opportunity, cost, and risk (BOCR) model.Methodology – A mixed-methods approach was employed, combining a literature review, focus group discussions (FGDs), and the ANP within the BOCR framework. Data were collected from nine experts representing government agencies, Islamic financial institutions, academia, and tourism stakeholders in Aceh, Indonesia. Pairwise comparison judgments were analyzed using Super Decisions software to determine the relative priorities of the key criteria and strategic alternatives for halal tourism ecosystem development.Findings – The findings indicate that opportunity (52%) and benefit (24%) are the primary drivers of halal tourism development, whereas risk (14%) and cost (9%) exert comparatively lower influence on halal tourism development. Among the evaluated strategic alternatives, digital infrastructure development (0.257) emerged as the highest priority, followed by the expansion of cultural- and nature-based halal tourism (0.209). The robustness of these priorities was supported by a 78% consensus among experts.Implications – The findings offer practical guidance for policymakers and industry stakeholders by highlighting the importance of digital transformation, fintech integration, and AI-enabled tourism services in strengthening the Halal tourism ecosystem. They also underscore the need to enhance public–private collaboration and expand the role of Islamic financial institutions in promoting sustainable and competitive halal tourism development.Originality – This study advances the halal tourism literature by proposing an integrated ANP–BOCR decision-making framework that provides a systematic, data-driven, and empirically grounded approach to prioritizing halal tourism development strategies. The framework offers a practical decision-support tool that is particularly relevant for emerging halal tourism destinations in Islamic regions, such as Aceh.

This study aims to enhance the Personal Financial Management Practices Of SMEs by Examining Financial Attitude, Literacy, And Knowledge: A Study Focused On SMEs in Central Java. The respondents were MSME actors in the food and beverage sector in Central Java District, with a sample size of 70 MSMEs. The study employed purposive sampling, and data analysis was conducted using SmartPLS version 4.0. The research results indicate that financial attitude significantly and positively affects the locus of control; financial literacy has a negative but significant impact on the locus of control; financial knowledge significantly and positively influences the locus of control. Additionally, financial attitude has a significant positive effect on personal financial management behavior, whereas financial literacy has a negative and insignificant effect. Financial knowledge strongly influences personal financial management behavior positively and significantly. The locus of control also has a significant positive impact on personal financial management behavior. Furthermore, financial attitude influences personal management behavior positively through the locus of control as an intervening variable. Conversely, financial literacy shows a negative effect, while financial knowledge exhibits a positive and significant impact on personal financial management behavior.

This study develops a conceptual and operational framework for the halal exchange market by situating it within both classical and contemporary theories of economic exchange and the epistemological foundations of Islamic economics. While conventional exchange markets operate on assumptions of utility and profit maximisation, efficiency, and institutional regulation, halal exchange markets integrate these functional mechanisms with Shariah principles derived from the Holy Qur’an and Sunnah. Through a comparative analysis of exchange theories — including classical, neoclassical, institutional, behavioural, and political economy approaches — this study highlights the unique role of Tawhidic epistemology in shaping halal markets. Eight constitutive dimensions of exchange are examined: economic agents, initial endowments, preferences, markets and prices, contracts and rules, information structures, equilibrium conditions, and institutions/governance. The findings suggest that halal exchange markets are not merely differentiated by the exclusion of riba (usury), gharar (excessive uncertainty), maysir (gambling), and tanajush, but by embedding ethical accountability, fairness, and justice within their structural design. This study proposes a set of parameters to guide the development, regulation, and evaluation of halal exchange markets within the global economy. Implications are drawn for policymakers, regulators, and practitioners in fostering credible, transparent, and just halal marketplaces.

Research on waqf sustainability is increasing in popularity, showing exponential growth in publication and citation numbers. The realm of research has grown intricate and fragmented, thereby posing a growing challenge to the regulation of waqf sustainability. The main purpose of this study is to organise and integrate the preliminary studies on the theme of waqf sustainability. To this end, this study involved bibliometric analysis, distinguishing it from previous analyses, which were outdated and/or different focus. We collected 84 articles extracted from Scopus and Web of Science (WoS) databases, covering 20 years from 2001 to 2022. The findings showed that the most prolific authors were from Malaysia. There are five research themes regarding waqf sustainability, including the accountability of Islamic social finance as a third-sector economy, the sustainability of Islamic microfinance, the role of intellectual capital in waqf institutions, the effectiveness of management, and the performance measurement of waqf institutions. This study shows that the performance of waqf institutions for waqf sustainability is scant. Hence, there is an important research gap that can be addressed in future research since sustainability is a priority agenda as outlined in the Sustainable Development Goals (SDGs) blueprint.

Small wooden furniture businesses in East Indonesia feel pressure from the furniture businesses of the West Indonesia, in particular from Jepara, due to a fierce international rivalry. The study is intended to analyze the effect of market orientation and entrepreneurial orientation on competitiveness with innovation as an intervening variable. The study distributed 189 questionnaires to the small wooden furniture producers in the South and West Sulawesi Provinces. The collected data were analyzed by structural equation modeling using maximum likelihood approach. The study found that market orientation, entrepreneurial orientation, and innovation contributed to leveraging the competitiveness of small furniture producers. With this model, market orientation is found to have a positive and significant effect on innovation and competitiveness, both with a small-medium effect. Interestingly, the relationship between entrepreneurial orientation and innovativeness shows a positive, significant, and the most dominant of all structural causal relationships in the model, with a small-high effect. In contrast, the relationship between entrepreneurial orientation and competitiveness has a positive and significant effect with a smaller path coefficient. The study also found that innovation shows a positive and significant effect on competitiveness with a relatively small impact. AcknowledgmentThe case of small wooden furniture businesses of Indonesia is part of collaborative research between the research teams from Hasanudd in University and Universiti Kebangsaan Malaysia. In carrying out this study, the involvement of a number of agencies cannot be ignored: the Cooperative and Small and Medium Size Regional Office of South and West Sulawesi Province and Cooperatives and the Small and Medium Size Regional Office of Makassar City.

In various efforts to strengthen the agro-food sector, development on idle land is one of the keys to achieving it. Neglect of idle land is a waste that needs to be well managed to mobilize all resources properly and produce crop yields to the maximum level. Therefore, this paper will discuss the factors that lead to the occurrence of idle land and finds a solution from a Malaysian perspective. Referring to this problem, it is seen, through the institutional approach, that it is capable of being one of the best alternatives because institutions are a set of rules that affect human economic life. Through an institutional approach, it can apply the ZISWaf management recommended by previous Islamic scholars divided into four schemes to activate idle agricultural land with proper coordination. This paper is using qualitative methods based on data and information from the literature review and then it is analysed based on a deductive approach. As a result, the ZISWaf institutional approach can realize the concept of implementing the agro-food Waqf institution to solve the issue of idle land.

Purpose − The study aims to determine what factors influence the use of technology in zakat institutions in Indonesia using the Technological, Organizational, Environmental (TOE) model. Methodology − This research is based on a quantitative online survey of 125 amils at zakat institutions in Indonesia. The sample consisted of 55% men and 45% women. Data were analyzed using SPSS 26 and PLS-SEM to test variables and hypotheses. Findings − The results showed that organizational readiness and external pressure have a significant positive impact on the use of technology in zakat institutions. Interestingly, Information Technology (IT) infrastructure and interoperability do not significantly affect technology usage because technology users want it to be easy-to-understand and easy-to-use. Thus, an easy-to-understand and easy-to-use technology give an excellent opportunity to achieve the zakat institution's goals. Originality − This study is one of the first to examine the impact of the variables in the TOE Model on technology usage in Indonesian zakat institutions during the COVID-19 pandemic. Research limitations − This study was conducted using cross-sectional data, which has limitations in explaining the relationship between variables that are likely to change over time. In addition, some respondents were not familiar with the proposed questionnaire. Lack of understanding may cause respondents to answer questions improperly. Practical implications − The results are essential for all stakeholders of zakat institutions, especially policymakers, to increase the use of technology to affect the performance of zakat institutions in the context of the realization of zakat, infaq, sadaqah (ZIS) collection in Indonesia.