Journal Description




























Journal title: Review of Islamic Social Finance and Entrepreneurship
Journal initials: RISFE
ISSN:  2963-847X (online)
DOI prefix: 10.20885/RISFE by
Frequency: Published in March and September
Publisher: Center for Islamic Economics and Development Studies (CIEDS)- P3EI, Faculty of Business and Economics, Universitas Islam Indonesia



Review of Islamic Social Finance and Entrepreneurship (RISFE) is an academic journal published by the Center for Islamic Economics and Development Studies (CIEDS)- P3EI, Faculty of Business and Economics, Universitas Islam Indonesia. The journal is published twice a year on March and September, intended as a medium for information, communication, and dissemination of research results and scientific studies in the field of Islamic social finance and entrepreneurship. Islamic social finance and entrepreneurship is defined as sectors which have a dimension of social mission within the organization, consist of traditional Islamic philanthropic institutions—zakat, shadaqah and waqf, and non-profit organizations such as corporate social responsibility (CSR) and non-government organizations (NGOs), as well as contemporary Islamic microfinance institutions and other Islamic social enterprises. Social entrepreneurship is all about recognizing the social problems and achieving a social change by employing entrepreneurial principles, processes and operations. It is all about making a research and development in managing a social venture to attain the desired change. The main objective of Islamic social finance and entrepreneurship is to meet the needs of the poor and marginalized groups to be able to participate actively in the main economic system in a just and efficient way so that an inclusive economic system can be realized based on Islamic principles.


 

Important Notice: Mandatory Declaration of Generative AI and AI-Assisted Technologies

2026-04-06

Effective from the publication of Volume 5, Issue 1, 2026, the Review of Islamic Social Finance and Economics (RISFE), in collaboration with P3EI journals, officially requires all authors to include a formal declaration regarding the use of Generative AI and AI-assisted technologies in their writing process. This policy is implemented to ensure academic transparency, integrity, and the ethical use of emerging digital tools in scholarly publishing.

Authors must provide a specific statement detailing which tools were utilized and for what purpose. For instance, a declaration might state: "During the preparation of this work, the authors used ChatGPT, DeepL, Grammarly, and PaperPal to translate from Bahasa Indonesia into American English and improve the clarity of the language and readability of the article." It is imperative that authors review and edit the final output, as they remain fully responsible for the accuracy and originality of the published content.

This mandatory declaration should be placed at the end of the manuscript, typically before the reference list. We believe this step is crucial for maintaining the high editorial standards of RISFE as we continue to document global advancements in Islamic economics across various institutions and countries. For further details on our submission guidelines, please visit our official website at https://journal.uii.ac.id/RISFE/index.

 

Respectfully,

The Editorial Board

Review of Islamic Social Finance and Economics (RISFE)

Editorial: Advancing Global Discourse in Islamic Social Finance

2026-04-06

We are pleased to announce the publication of the Review of Islamic Social Finance and Economics (RISFE) Volume 5, Issue 1, 2026. This edition continues our mission to provide a rigorous platform for exploring the intersections of Sharia principles, economic sustainability, and social welfare. The current issue features ten distinct articles, covering a broad spectrum of research including terrorism studies in the context of sustainable development, the management of Islamic banking, and the dynamics of the halal industry.

This volume highlights a remarkable level of international academic synergy, featuring contributors from institutions across eight countries: Indonesia, Malaysia, Egypt, Japan, Nigeria, Germany, Morocco, and Libya. The scholarly collaborations bridge diverse perspectives, ranging from the University of Indonesia and Universitas Gadjah Mada to Al-Azhar University in Egypt, Kanazawa University in Japan, and Albert-Ludwigs-Universität Freiburg in Germany. Such geographical diversity enriches the discourse on Islamic economics and ensures a global impact for the findings presented.

As we move forward in 2026, we extend our deepest gratitude to the authors and reviewers who have contributed their expertise to this issue. Their dedication allows RISFE to remain a premier resource for academics, practitioners, and policymakers worldwide. We encourage our readers to access the full collection of articles and join the scholarly conversation by visiting our official website at https://journal.uii.ac.id/RISFE/index.

Best regards,

The Editorial Team

Review of Islamic Social Finance and Economics (RISFE)

Article Processing Charge (APC) Policy for RISFE Publications (Effective 2025)

2025-03-27

We would like to inform you that starting in 2025, Review of Islamic Social Finance and Entrepreneurship (RISFE) will implement an Article Processing Charge (APC) for the authors. This APC is essential to ensure the journal’s sustainability and continuous improvement in quality, covering costs related to manuscript processing, peer-review management, digital archiving, and open access to a wider academic audience.

RISFE Accreditation Results – Achieved Sinta 2

2025-03-22

We are pleased to announce the accreditation results of the Review of Islamic Social Finance and Entrepreneurship (RISFE). Based on the Minutes of Determination of Journal Accreditation Results for Period I of 2025, the Directorate General of Higher Education, Research, and Technology has issued Decree No. 10/C/C3/DT.05.00/2025 dated March 21, 2025, regarding the Accreditation Ranking of Scientific Journals for Period I of 2025.

Implementation of New Policy on Generative AI Usage in RISFE

2024-12-20

We are pleased to inform you that the Review of Islamic Social Finance and Entrepreneurship (RISFE) has implemented a new policy on the use of Generative AI and AI-based technologies. This policy aims to responsibly integrate technological advancements while upholding academic standards and ethical practices.

RISFE has been accepted for inclusion in DOAJ

2024-02-05

We are delighted to announce that the Review of Islamic Social Finance and Entrepreneurship (RISFE) has officially been recognized and included in the Directory of Open Access Journals (DOAJ).

Volume 4 Issue 2, 2025
Volume 4, Number : 2
October 2, 2025
Current Issue

Volume 5 Issue 1, 2026

 

The authors are affiliated with institutions across several countries, including Indonesia, Malaysia, Egypt, Japan, Nigeria, Germany, Morocco, and Libya

Published: March 31, 2026

Does qard financing fortify the trust of bank customers? Lessons from Islamic regional banks in Indonesia

Agus Widarjono (1), Zul Hendri (2), Mohd Sollehudin Shuib (3), Yozar Putra Jaya (4)
(1) Department of Economics, Faculty of Business and Economics, Universitas Islam Indonesia, Yogyakarta, Indonesia ,
(2) Magister in Syariah Economics, Faculty of Sharia Economic and Business, Institut Syariah Negeri Junjungan Bengkalis, Bengkalis, Indonesia ,
(3) Islamic Business School, Universiti Utara Malaysia, Nilai, Malaysia ,
(4) Department of Economics, Faculty of Economics and Business, Universitas Terbuka, Tangerang, Indonesia
1-14
53

Developing a green accountability success index for zakat management organizations

Azwar Azwar (1), Andi Wawan Mulyawan (2)
(1) Institut Agama Islam STIBA Makassar, Sulawesi Selatan, Indonesia ,
(2) Wahdah Inspirasi Zakat (WIZ), Wahdah Islamiyah, Kota Makassar, Sulawesi Selatan, Indonesia
15-45
42

Sharia principles in counternarratives of charity-based terrorism financing

Tsabita Afifah Khoirunnisa (1), Amanah Nurish (2), Sapto Priyanto (3)
(1) Terrorism Studies, Graduate School of Sustainable Development, University of Indonesia, Jakarta, Indonesia ,
(2) Terrorism Studies, Graduate School of Sustainable Development, University of Indonesia, Jakarta, Indonesia ,
(3) Terrorism Studies, Graduate School of Sustainable Development, University of Indonesia, Jakarta, Indonesia
46-64
78

AI in enhancing zakat’s role in collection and distribution: A model for digital transformation in Islamic philanthropy

Abdul Wahab (1), Ilma Mahdiya (2), Muhammad Hasan Afdhali (3)
(1) Doctoral Program in Islamic Economy and Halal Industry, Graduate School Universitas Gadjah Mada, Yogyakarta, Indonesia and Department of Islamic Economic, Faculty of Islamic Studies, Universitas Islam Kalimantan Muhammad Arsyad Al Banjari, Banjarmasin, Indonesia ,
(2) Department of Islamic Banking, Faculty of Islamic Economics and Business, Universitas Islam Negeri Antasari, Banjarmasin, Indonesia ,
(3) Department of Tafsir and Qur'anic Sciences, Faculty of Theology, Al-Azhar University, Cairo, Egypt
65-80
65

Relational marketing strategy of LAZISNU to strengthen muzakki trust

Muhamad Masrur (1), Dwi Novaria Misdawati (2), Umar Ali Ahmad (3), Uthman Shehu Lawal (4), Rizky Andrean (5)
(1) Department of Sharia Economics Study, Faculty of Islamic Economics and Business, Universitas Islam Negeri K.H. Abdurrahman Wahid Pekalongan, Pekalongan, Indonesia ,
(2) Department of Sharia Economics Study, Faculty of Islamic Economics and Business, Universitas Islam Negeri K.H. Abdurrahman Wahid Pekalongan, Pekalongan, Indonesia ,
(3) Department of Computer Engineering, Faculty of Electrical Engineering, Telkom University, Bandung, Indonesia & Collaborative Researcher, Kanazawa University, Ishikawa, Japan ,
(4) Department of Education Foundations, Faculty of Education, Kaduna State University, Kaduna, Nigeria ,
(5) Department of Islamic Business School, College of Business, Universiti Utara Malaysia, Kedah, Malaysia
81-99
49

Islamic philanthropy and muzakki trust: Mediation of sustainable economic empowerment in Sungai Penuh

Bustami Bustami (1), Hariya Toni (2), Muhammad Hisyam Syafii (3), Husain Azhari (4)
(1) Economics Study Program, Faculty of Economics and Business, IAIN Kerinci, Jambi, Indonesia ,
(2) Economics Study Program, Faculty of Economics and Business, IAIN Kerinci, Jambi, Indonesia ,
(3) Master of Islamic Studies, Universitas Muhammadiyah Yogyakarta, Yogyakarta, Indonesia ,
(4) Sharia Study Program, Faculty of Sharia, Al Azhar Cairo University, Cairo, Egypt
100-119
46

Green waqf crowdfunding model for SDGs: A fiqh al-bi’ah legal framework

Rizky Wibowo (1), Akhmad Roja Badrus Zaman (2), Muhammad Mu’tamid Ihsanillah (3), Fitriyah Siti Aisyah (4)
(1) Department of Islamic Family Law, Faculty of Islamic Studies, Selamat Sri University, Kendal, Indonesia ,
(2) Department of Oriental Studies, Albert-Ludwigs-Universität Freiburg, Freiburg, Germany ,
(3) Department of Religious Studies, Faculty of Humanities and Sosial Sciences, Ibn Tofail University, Kenitra, Morocco ,
(4) Independent Researcher, Surakarta, Indonesia
120-136
70

Productive zakat, business growth, and mustahiq welfare: Evidence from BAZNAS Malang

Ahmad Djalaluddin (1), Lempang Hasibuan (2), Akhir Saleh Pulungan (3), Siswanto Siswanto (4), Nur Asnawi (5), Yousf Faraj Hadiri (6)
(1) Doctoral Program in Islamic Economy, Universitas Islam Negeri Maulana Malik Ibrahim Malang, Malang, Indonesia ,
(2) Department of Islamic Banking, Faculty of Economics, Universitas Islam Negeri Maulana Malik Ibrahim Malang, Malang, Indonesia ,
(3) Department of Islamic Banking, Faculty of Sharia, Institut Agama Islam Padang Lawas, Padang Lawas, Indonesia ,
(4) Department of Islamic Banking, Faculty of Economics, Universitas Islam Negeri Maulana Malik Ibrahim Malang, Malang, Indonesia ,
(5) Doctoral Program in Islamic Economy, Universitas Islam Negeri Maulana Malik Ibrahim Malang, Malang, Indonesia ,
(6) Faculty of Shariah and Law, Alasmarya Islamic University، Zliten, Libya
137-157
61

Community-based productive zakat: Evidence from Bengkalis Regency

Mukhlis Mukhlis (1), Muhammad Romi (2), Fuadah Johari (3)
(1) Department of Islamic Banking, Hubbulwathan Islamic College, Duri, Indonesia ,
(2) Department of Islamic Banking, Hubbulwathan Islamic College, Duri, Indonesia ,
(3) Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia, Negeri Sembilan, Malaysia
158-173
45

Digital-based zakat management from a good governance perspective at BAZNAS Muara Enim

Febriansyah Febriansyah (1), Rizqi Handayani (2), Yusuf Rahman (3), Maswani Maswani (4)
(1) Department of Islamic Studies, Graduate School, Syarif Hidayatullah State Islamic University, Jakarta, Indonesia ,
(2) Department of Islamic Studies, Graduate School, Syarif Hidayatullah State Islamic University, Jakarta, Indonesia ,
(3) Department of Islamic Studies, Graduate School, Syarif Hidayatullah State Islamic University, Jakarta, Indonesia ,
(4) Department of Islamic Studies, Graduate School, Syarif Hidayatullah State Islamic University, Jakarta, Indonesia
174-187
134
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