About the Journal
Focus and Scope
International Journal of Islamic Economics and Finance (IJIEF) is a peer-reviewed scientific journal devoted to research in the fields of Islamic economics and finance. Islamic economics and finance are critical global issues due to their importance and benefits to the knowledge and industrial development. As a result, this issue requires further exploration through research. We hope that IJIEF can bring together all academicians, researchers and practitioners to contribute their ideas as a means of advancing Islamic economics and finance in the world. IJIEF research publications cover a wide range of subjects, focusing on diverse areas within Islamic Economics, Islamic Banking, and Islamic Finance, while also encouraging research in various related fields, such as Islamic Macroeconomics, Islamic Microeconomics, Islamic Monetary Economics, Islamic Social Finance, Islamic Microfinance, Islamic Fintech, Islamic Economic Thoughts, Islamic Political Economics, Integrated Islamic Commercial and Social Finance, Islamic Macro and Micro Prudential, Islamic Public Finance, and Islamic Ethics.
Publication Ethics
International Journal of Islamic Economics and Finance (IJIEF) is an electronical journal that publishes peer-reviewed articles. This statement establises the ethical standar for all partied involvedin the publication of an article in this journal including the author, the chief editor, the Editorial Board, the peer-reviewer and the publisher (Universitas Muhammadiyah Yogyakarta). This statement is based on COPE’s Best Practice Guidelines for Journal Editors.
Journal Publication Ethical Guidelines
Publication of an article in a peer-reviewed IJIEF journal is a critical component of establishing a coherent and reputable network of knowledge. It is a direct reflection of the authors' and institutions' quality of work. Peer-reviewed articles exemplify and support scientific method. It is critical, therefore, to agree on ethical standards for all parties involved in the publishing process: the author, the journal editor, the peer reviewer, the publisher, and the society.
Universitas Muhammadiyah Yogyakarta takes its stewardship of the International Journal of Islamic Economics and Finance (IJIEF) extremely seriously, and we are aware of our ethical and other responsibilities. We are committed to ensuring that advertising, reprints, and other commercial revenue have no bearing on editorial decisions.
Publication Decisions
The editor of the IJIEF is responsible for deciding which articles should be published in the journal. Such decisions must always be motivated by the validation of the work in question and its significance to researchers and readers. The editors may be guided by the editorial board's policies and constrained by any applicable legal requirements regarding libel, copyright infringement, and plagiarism at the time. Editors may consult with additional editors or reviewers when making this determination.
Honesty
At any point in time, an editor evaluates manuscripts on the basis of their intellectual content, regardless of the authors' race, gender, sexual orientation, religious belief, ethnic origin, citizenship, or political philosophy.
Confidence
The editor and any editorial staff are not permitted to disclose information about a submitted manuscript to anyone other than the corresponding author, reviewers, potential reviewers, other editorial advisers, and the publisher, as applicable.
Conflicts of Interest and Disclosure
Without the author's express written consent, unpublished materials disclosed in a submitted manuscript may not be used in an editor's research.
Reviewers' Responsibilities
Contribution to the Editorial Decision-Making Process
Peer review assists the editor in making editorial decisions and may also assist the author in improving the paper through editorial communications with the author.
Continuity
Any referee who believes he or she is unqualified to review the research reported in a manuscript or believes that timely review is impossible should notify the editor and withdraw from the review process.
Confidence
Manuscripts submitted for review must be treated with the utmost confidentiality. They may not be shown or discussed with others without the editor's permission.
Objectivity Standards
Reviews should be conducted in a dispassionate manner. Personal attacks on the author are not acceptable. Referees should state their positions succinctly and with supporting arguments.
Sources Acknowledged
Reviewers should identify pertinent published work that the authors have not cited. Any reference to a previously published observation, derivation, or argument should be accompanied by the appropriate citation. Additionally, the reviewer should draw the editor's attention to any significant similarity or overlap between the manuscript under consideration and any other published paper about which they are personally aware.
Conflicts of Interest and Transparency
Peer-reviewed information and ideas must be kept confidential and not used for personal gain. Reviewers should exclude manuscripts from consideration if they have competitive, collaborative, or other relationships or connections with any of the authors, companies, or institutions associated with the papers.
Authors' Obligations
Standards of reporting
Authors of original research reports should provide an accurate account of their work as well as an objective discussion of its significance. The paper should accurately represent the underlying data. A paper should include enough detail and references to enable others to duplicate the work. False or knowingly inaccurate statements are considered unethical and are therefore unacceptable.
Access to and Retention of Data
Authors are requested to submit raw data associated with a paper for editorial review and should be prepared to make such data publicly available (consistent with the ALPSP-STM Statement on Data and Databases), if possible, and to retain such data for a reasonable time after publication.
Uniqueness and Plagiarism
The authors should ensure that their works are entirely original and that any work or words cited or quoted from others are properly cited or quoted.
Publication in Multiple Locations, Redundantly, or Concurrently
In general, an author should avoid publishing manuscripts that essentially describe the same research in more than one journal or primary publication. Submitting the same manuscript to multiple journals concurrently is unethical and unacceptable publishing behavior.
Sources Acknowledged
Appropriate acknowledgement of others' work must always be given. Authors should cite publications that influenced the reported work's nature.
The Paper's Authorship
Authorship should be restricted to those who made a substantial contribution to the study's conception, design, execution, or interpretation. Co-authors should include everyone who made a significant contribution. Where others have contributed to the research project's substantive aspects, they should be acknowledged or listed as contributors. The corresponding author should ensure that the paper has all appropriate co-authors and no inappropriate co-authors, that all co-authors have seen and approved the final version of the paper, and that all co-authors have agreed to its submission for publication.
Conflicts of Interest and Disclosure
All authors should disclose any financial or other material conflicts of interest that could be construed as influencing the results or interpretation of their manuscript in their manuscript. All funding sources for the project should be disclosed.
Errors fundamental to published works
When an author discovers a material error or inaccuracy in his or her published work, he or she must promptly notify the journal's editor or publisher and work with the editor to retract or correct the paper.
Peer Review Process
International Journal of Islamic Economics and Finance (IJIEF) is committed to producing and publishing the highest-quality articles from researchers, academicians, and practitioners in the fields of Islamic economics and finance. Therefore, Determination of the article that would be published in IJIEF is carried out through double-blind peer review by considering main the relevance and contribution of articles on the development of Islamic economics and finance. The review process, which protects and improves the article's quality, is critical and must be free of bias and conflict of interest. As a result, it is critical that this process is supervised by an established editor teams and peer reviewers who are experts in the fields of research being reviewed. Detail review process is explained as the following:
- Submission of manuscript by author(s). The submission is only processed via online i.e. OJS of IJIEF.
- After the Editor-in-Chief accepts the manuscript, it will be checked to ensure that it fits the International Journal of Islamic Economics and Finance's mission and scope (IJIEF). The Editor-in-Chief appoints a Section Editor to conduct additional evaluations to ensure that the article complies with the International Journal of Islamic Economics and Finance's style guide and template (IJIEF). If a discrepancy is discovered during this process, the Editor In-Chief or the Section Editor has the authority to reject the manuscript.
- The appropriate manuscript will be continued to solicit input from the reviewer.
- According to the reviewing article, a reviewer is someone who possesses expertise. The reviewing period is 10-14 days, but this can be extended if the reviewer requests additional time for review. After completing the review, the reviewer can send it to the editor for additional scrutiny.
- A reviewer may make one of the following recommendations: Accepted without revisions, Accepted with minor revisions, Accepted with moderate revisions, Accepted with major revisions, Rejected, or See comments. Technically, a Reviewer may make the following recommendations via the International Journal of Islamic Economics and Finance's (IJIEF) website system:
- Accept submission: a reviewer selects this option if the manuscript under review is acceptable as it is.
- Revisions required: a reviewer selects this option if the manuscript is accepted after the author makes necessary corrections.
- Resubmit for review: a reviewer may choose this option if the manuscript is in need of significant revisions. Thus, it is necessary to conduct a second review after the author has made the necessary changes.
- Resubmit elsewhere: a reviewer may choose this option if the manuscript under review does not fit the journal's scope, vision, or mission.
- Rejected: a reviewers may choose to decline submission if the manuscript they are reviewing is rejected.
- See comments: a reviewer selects this option for the manuscript under review if the reviewer is unable to make a decision on the manuscript under review and submits it to the editor or editorial board in another country to view and read the reviewer's comments in order to ask advice.
- If the reviewer does not possess the same expertise as the manuscript being reviewed, the reviewer may reject the manuscript and refer it to another reviewer who possesses the same capacity and capability and possesses the necessary expertise.
- The section editor or editor-in-chief will review and complete the comments and feedback before compiling them into a rejoiner review form and sending them to the author. The section editor or editor-in-chief may make a provisional decision during this step whether accept an entry, revision is necessary, submit for review again or reject submission. The Section Editor acknowledges a reviewer for their time spent on the review of a manuscript.
- The author then revises the accepted manuscript for two weeks or more, depending on the type of revision.
- The editor and reviewer directed the author to return a complete revision to the editor for suitability review.
- The editor in chief or section editor will review the manuscript and make the final decision on whether to accept or decline it. However, this does not preclude the author from requiring a second or additional revision.
- Accepted manuscripts that do not require additional revisions will undergo copyediting and layout to ensure their appearance is consistent with that of the International Journal of Islamic Economics and Finance. If it detects a problem with the writer's language, it will assist in the proofreading process.
- The manuscript has already been accepted for publication in the International Journal of Islamic Economics and Finance (IJIEF) and will be published in January or July with a DOI. Additionally, the paper may be published in a special issue if the same topic is identified in a call for papers.
Open Access Policy
This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.
This journal is open access journal which means that all content is freely available without charge to users or / institution. Users are allowed to read, download, copy, distribute, print, search, or link to full text articles in this journal without asking prior permission from the publisher or author. This is in accordance with Budapest Open Access Initiative.
Archiving
This journal utilizes the LOCKSS system to create a distributed archiving system among participating libraries and permits those libraries to create permanent archives of the journal for purposes of preservation and restoration. More...
Publication Frequency
International Journal of Islamic Economics and Finance (IJIEF) is bianually published the journal articles in January and July. IJIEF only publish electronic (PDF) version. However, the printed copy is available upon request.
Author Fees
International Journal of Islamic Economics and Finance (IJIEF) is opened for all of researchers, academicians, and practitioners to submit their research. There is processing Fees for the publication of articles received IDR 1.000.000/USD 65
Token of Appreciation
A token of appreciation will be given for best-selected papers that have successfully published in the current issue or special issue of International Journal of Islamic Economics and Finance (IJIEF).
Source of Fund
The funding of IJIEF is fully supported by Universitas Muhammadiyah Yogyakarta as the publisher.
Plagiarism Policy
To preserve from the scientific misconduct (plagiarism), all of manuscripts which are submitted in IJIEF will be scanned by turnitin.
Submission Preparation Checklist
As part of the submission process, authors are required to check off their submission's compliance with all of the following items, and submissions may be returned to authors that do not adhere to these guidelines.
- The submission has not been previously published, nor is it before another journal for consideration (or an explanation has been provided in Comments to the Editor).
- The submission file is in document file format such as OpenOffice or Microsoft Word. Uploading in pdf format is not recommended.
- There is no conflict of interest between the authors.
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All of authors is have a role in the preparation of the manuscript.
- The text adheres to the stylistic and bibliographic requirements outlined in the Author Guidelines, which is found in About the Journal.
- If submitting to a peer-reviewed section of the journal, the instructions in Ensuring a Blind Review have been followed.
- Where available, URLs for the references have been provided.
- The text is single-spaced; uses a 11-point font; employs italics, rather than underlining (except with URL addresses); and all illustrations, figures, and tables are placed within the text at the appropriate points, rather than at the end.
Copyright Notice
This journal is based on the work at http://journal.umy.ac.id/index.php/ijief/under license from Creative Commons Attribution-ShareAlike 4.0 International License. You are free to:
- Share – copy and redistribute the material in any medium or format.
- Adapt – remix, transform, and build upon the material for any purpose, even comercially.
The licensor cannot revoke these freedoms as long as you follow the license terms, which include the following:
- Attribution. You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- ShareAlike. If you remix, transform, or build upon the material, you must distribute your contributions under the same license as the original.
- No additional restrictions. You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Information for authors
The author should be aware that by submitting an article to this journal, the article's copyright will be fully transferred to International Journal of Islamic Economics and Finance (IJIEF). Authors are allowed to resend their manuscript to other journals or intentionally withdraw the manuscript only if both parties (IJIEF and Authors) have agreed on the issue. Once the manuscript has been published, authors are allowed to use their published article under IJIEF copyrights.
All authors are required to deliver the agreement of license transfer once they submit the manuscript to IJIEF. By signing the agreement, the copyright is attributed to this journal to protect the intellectual material for the authors. Authors are allowed to share, copy and redistribute the material in any medium and in any circumstances.
• Creative Commons Attribution-ShareAlike (CC BY-SA)
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.Privacy Statement
The names and email addresses entered in this journal site will be used exclusively for the stated purposes of this journal and will not be made available for any other purpose or to any other party.
Reviewer Guidelines
The Inception
Consider the following conditions before accepting or declining an invitation to review:
- Corresponding to the area of expertise: Accept only if you believe the reviewer is capable of providing a high-quality review. If the reviewer is unable to complete the review, he or she should refer it to another reviewer who possesses the necessary capacity, capability, and expertise.
- A potential conflict of interest is discovered: the reviewer is expected to inform the editor.
- Availability of time: reviewing the process can be time consuming. As a result, before accepting an offer, ensure that the review process will meet the deadline.
The reviewers are expected to respond as soon as possible to the invitation (even if it is to decline). A delay in their decision can sluggish the review process and add to the author's wait time. If they decline the invitation, it would be beneficial if they could make alternative reviewer recommendations.
Supervising the Review
Confidential information
The invitation to review that is accepted must treat the materials received as confidential. This means that reviewers cannot share them with anyone without the editor's permission. Because peer review is confidential, they must also refrain from disclosing information about the review to anyone without the editors' and authors' permission. The review process is double-blind, which means that the author's name and affiliation will be withheld to protect author confidentiality and avoid potential conflicts of interest.
How to access your review and log in
- The review process will be managed through IJIEF's online journal system. To access the paper and submit your review, click on the link in the invitation email you received to access the submission/reviewing system.
- You must log in as a reviewer using the username and password provided by IJIEF management; if you do not have them, please contact the editorial assistant.
- Select articles sent by clicking "1 active". Number 1 indicates the number of articles handled. Then, please choose the article's title.
- Please take the time to read the article. Consider spot-checking significant issues by selecting which section to read first. We've included some pointers below on how to handle specific sections of the paper.
- The title should be succinct (no more than 12 words), but it should accurately represent the content of the paper.
- Abstracts include a background section, an objective section, a method section, a primary result section, and an implication section. (Maximum of 200 words). Including JEL Classification, Keywords, and the type of paper being written, which is a research paper. Paper/Review of Literature/Systematic Review/Overall View.
- Introduction: Clarity of the problem and its context, as well as the significance and relevance of the themes.
- Literature Review: Theoretical Ground and Relationship to Literature
- Methodology: The reason of Method used and the source, clarity and update of Data
- Results and Analysis: The presentation of Results and the cohesiveness of Analysis
- Conclusion and Recommendation: The alignment of problem statement to the Conclusion, and the relevant Recommendation
- References: The article referred in the body of the paper should match those in the references
- Contribution for Academic, Regulator, and Practitioner.
- Adhere to the review instructions, which consist of five steps:
- Reply to the Editor's Response to the article submission, select Will do the Review if you are willing to review, then send the email
- Download the article
- Give a review of the article on the review form which has been attached along with the manuscript, or you can download here.
- Upload Documents that have been commented on
- The reviewer may submit the following recommendations via the website system of the International Journal of Islamic Economics and Finance (IJIEF):
- Accept submission: If the manuscript under review is acceptable as-is, the reviewer selects this option.
- Revisions required: a reviewer selects this option if the manuscript is accepted with necessary corrections made by the author.
- Resubmit for review: If the manuscript requires significant revisions, the reviewer may choose this option. Thus, a second review is necessary after the author has made the necessary changes.
- Resubmit elsewhere: If the manuscript under review does not fit the journal's scope, vision, or mission, the reviewer may choose this option.
- Rejected: If a manuscript is rejected, a reviewer may choose to decline the submission.
- See comments: If a reviewer is unable to decide on a manuscript under review, he or she may submit it to an editor or editorial board in another country to view and read the reviewer's comments and seek advice.
- When you have completed the review process, please send an email.
Review Structure
Your review will assist the editor in determining whether to publish the article or not. Additionally, it will benefit the author and enable them to improve their manuscript. It is critical to express your overall opinion and observations about the article. Your comments should be polite and constructive, and should not contain any ad hominem attacks or personal information about you, such as your name.
It is critical to provide insight into any shortcomings. You should justify and support your judgment so that both editors and authors understand your comments completely. You should indicate whether your comments are based on your personal opinion or on data and evidence.
Following your Review
After submitting your review, you may wish to contact the Editorial Assistant to ensure that you are properly credited for your efforts. As a token of appreciation for your willingness to review, management provides a token of appreciation. As a token of appreciation, create a certificate for the reviewer and send it to the reviewer's email.
Remember that even after you've completed your review, you must treat the article and any associated files or data as if they were confidential documents. This means that you may not share them or information about the review with anyone without the editor's express permission.
Finally, we would like to express our heartfelt appreciation on behalf of the journal, editors, and author(s) for the time you took to provide valuable input to the article.
Editor Guidelines
The editor is the person in charge of overseeing the manuscript submission process until it is accepted for publication by their scientific discipline. To acquire a high-quality article, editors also make comments, recommendations, and judgments to change, approve, or reject the article. This policy is based on the COPE code of conduct as well as best practice guidelines.
Selecting Reviewers
- Editors should make certain that the right reviewers are chosen for submissions (i.e. individuals who can judge the work and are free from disqualifying competing interests).
- Editors should choose at least two reviewers to provide a report (the default on Manuscript Central is three) and make sure that not all of the reviewers are selected by the paper's authors unless there is a compelling reason.
- Editors should stop using reviewers who are habitually rude, low-quality, or late with their evaluations.
- Editors should look for possible new reviewers from a variety of sources (not just personal contacts) (e.g. author suggestions, bibliographic databases).
Review Process
- Editors should respond to any articles allocated to them as quickly as possible, aiming for an initial decision within a month.
- Editors should make every effort to handle all papers given to them, regardless of topic area, and only in extreme cases may a manuscript be returned to a Section Editor for reassignment. Section Editors strive to allocate articles correctly while also balancing the workloads of individual editors throughout the Editorial Board; yet, it is sometimes inevitable to assign a paper whose focus is outside of the allocated editor's.
- Editors should provide written feedback to authors on any decisions they make, even if the conclusion is evident in light of the reviewers' remarks, in which case one or two sentences summarizing the reviewers' comments is sufficient.
- Editors should be prepared to justify any significant variation from the peer review procedure as specified (see Peer Review Process)
- Editors should require reviewers to identify any potential competing interests before agreeing to examine a proposal,
- Editors should keep an eye on peer reviewer performance and take actions to guarantee that it is up to par.
- Editors should urge reviewers to provide feedback on their work.
- Submissions bring ethical issues as well as the possibility of research and publication dishonesty (e.g. unethical research design, inappropriate data manipulation, and presentation).
- There is no conflict of interest between authors, editors, and reviewers when it comes to the originality of submissions
- Being aware of duplicate publication and plagiarism.
Responsibilities of the Editor-in-Chief
The Editor-in-Chief is the journal's leader and is primarily accountable for the journal's scholarly excellence. The position of Editor-in-Chief is one of distinction. The Editor-in-Chief is in charge of supporting the Editorial Office with journal management, which includes:
- Scientific choices about the scope of the journal
- Inviting eminent scientists to join the editorial board,
- Recommending special issue ideas,
- Assisting Guest Editors with special issue preparation, and
- Overseeing the editorial process for individual submissions (mainly by taking the final decision whether a paper can be published after peer-review and revisions).
Responsibilities of Editorial Board Members
Members of the Editorial Board have the following responsibilities:
- Each year, he or she is asked to assess one or two manuscripts and may be asked to assist in the editing of a special issue on a topic related to his or her research interests.
- From time to time, I'm approached for comments or feedback on new regulations affecting the journal.
- Contribute to the journal's promotion among their colleagues or at conferences. E-mail is the primary mode of communication with Editorial Board members.
- If a member of the Editorial Board feels overburdened by demands from the journal's Editorial Office, he or she may resign at any moment.
Responsibility for the Special Issue as a Guest Editor
Special issues are usually edited by a Guest Editor who invites colleagues from the same study field to write an article on a topic that is relevant to them. The Guest Editor collaborates with the Editorial Office to create a description and keywords for the web page for the special issue. We hope to publish at least ten pieces per special issue. Frequently, the Guest Editor will also contribute an editorial to the special edition. The Guest Editor normally decides whether papers submitted to his or her special issue will be accepted (depending on the journal's policy; in some situations, they may make a suggestion to the Editor-in-Chief). The papers in a special issue are published online in the journal as soon as they are accepted, and they are aggregated on the special issue homepage. This implies that authors who submit material will see their work as soon as it is accepted, even if other papers in the special issue are still being processed.
Guest Editors should avoid having conflicts of interest with authors whose work they are evaluating, such as if they are from the same university or work closely together. Final acceptance decisions for submitted papers will be made by the Editor-in-Chief or an appropriate editorial board member in this situation.