A. Azizon (Azizonomics)

I am a Postgraduate Researcher (PhD Student) at Department of Economics Birmingham Business School with a research focus in Behavioral Economics and Experimental Study under supervision of Prof. Michalis Drouvelis and Dr. Paola Paiardini. I got my Master of Science in the Behavioural and Economics Science Programme, with an Economic Track, from the University of Warwick. Before my PhD, I worked as a researcher and lecturer at the Faculty of Economics and Business at the University of Indonesia (FEB UI). I identify my self as a behavioural economist with expertise in both quantitative and qualitative research. I am particularly interested in researching topics such as individual preferences in social life, social preferences, sharia economics, ethics in economics, human development, and subjective well-being. I am a recipient of the Indonesian Endowment Fund for Education - LPDP award, both for my master and PhD programme. I have been actively involved in various research activities and presented and published several articles on the topics. Furthermore, I am currently in the process of establishing the Behavioural and Ethical Insights Unit (Behavethics) and Lumbuang Raso. Overall, my works as a researcher and lecturer in the field of behavioural economics has made a significant contribution to the study of individual preferences, social preferences, sharia economics, and ethics in economics.

Email: axa2385@student.bham.ac.uk (university); azizon@pebs.febui.org (works); azizonomics@gmail.com (personal)

Scopus Author ID: 57256629300

ORCID ID: 0000-0003-0214-9637

Google Scholar: Azizon

Twitter: @azizonomics_id

Instagram: @azizonomics

Journal Articles

On the Design of Islamic Blended Microfinancing for Refugee Entrepreneurship: An Institutional Logic Perspective (2025)

with Wahyu Jatmiko, and Raditya Sukmana

Beyond-money framing and customer decision to patronise Islamic banking: an experimental study (2024)

with Rahmatina Awaliah Kasri, Kenny Devita Indraswari, and Wahyu Jatmiko

You are what you wear: the effect of religiosity, self-esteem and materialism toward conspicuous consumption of luxury fashion products among Gen Z (2024)

with Harris Rizki Ananda, Kenny Devita Indraswari, Irfani Fithria Ummul Muzayanah, Tika Arundina, and Ashintya Damayati

Opportunities and Challenges for Developing Halal Pharmaceuticals Industry in Indonesia (2023)

with Rahmatina Awaliah Kasri, Nadira Amalia, Adela Miranti Yuniar, and Karina Mariz

Intergenerational analysis of cash waqf behavior: lessons learned from Indonesia (2023)

with Wahyu Jatmiko, Banu Muhammad Haidlir, Bambang Shergi Laksmono, and Rahmatina Kasri

Determinants and Impacts of Trust on Awqaf Institutions: Intergenerational Evidence from Indonesia (2023)

Banu Muhammad Haidlir, Wahyu Jatmiko, A Azizon, Rahmatina Awaliyah Kasri, and Bambang Shergi Laksmono

Can religious values reinvigorate the links between development and falāh? (2022)

with Wahyu Jatmiko

Public behaviour on cash waqf: Evidence from Indonesia (2021)

with Banu M Haidlir, Bambang S Laksmono, Rahmatina A Kasri, and Djoni Hartono

Working Papers

Borrow First, Think Later: Drivers of Digital Borrowing and The Hidden Cost on Financial Well-being

with Rahmatina Awaliah Kasri, Muhammad Rizky Prima Sakti, Kenny Devita Indraswari, Rayhan Ali Rachman, Muhammad Rizki Siddiq, Afidah Nur Aslamah, and Nur Kholis

Altruism or Self-Benefit? Exploring Muslim Consumers' Intention to Purchase Prosocial Products

with Ayesa Faira, Kenny Devita Indraswari, Tika Arundina, and Hanudin Amin

Financial Well-being and Ethical Finance Adoption: The Case of Indonesian Islamic Banks (Co-author)

with F. Maulana, T. Arundina, and L. Listiana of the University of Indonesia

Wealth and Faith: The Effect of Religiosity on Islamic Bank Patronizing Behavior in Indonesia and the GCC

with Rahmatina A. Kasri, Mohamed Eskandar Shah Mohd Rasid, Kenny D. Indraswari, Tika Arundina

Investment Decision in Islamic Stocks: Are Muslim Investors of “The Corona Generation” Different? (Co-author)

with A. Hakim, T. Arundina, and R. Triandhari of the University of Indonesia

Unified Approach or Customized Plans? How Faith-Based Banks Captivate Millennials and Gen Z

with Tika Arundina and K.D. Indraswari of the University of Indonesia and Edi Setijawan, Sulistyoningsih and M.A Ghifari of Indonesia Financial Authority (OJK).

Navigating the Shift: Unveiling the Green Product Choices in a Faith Based Context

with Salsabila Ramadhani, Tika Arundina, Maya Puspa Rahman and Kenny Devita Indraswari

For Better, For Worse, In Sickness and Health: A Wife Perspective on How Husband Smoking Behavior During Pandemic Affects Family Wellbeing (Co-author)

with Irfani Fitria U. Muzayanah, K.D Indraswari and P.A. Widyastaman of the University of Indonesia

Does self-interest behavior harm Islamic financial contracting? Evidence from a gift exchange game (First-author)
The Ripple Effect of Millennial Volunteerism in the COVID-19 Era: A Catalyst for Lasting Change (Correspondence-author)

with Asyifa Putri Ramadhani and B.M. Haidlir of the University of Indonesia

Local Government Governance Index: An Integrated Index for Local Development Evaluation in Indonesia (Co-author)

with Irfani Fithria Ummul Muzayanah, Rus’an Nasrudin of the University of Indonesia, Mohammad Noval, Fuadi Hanif of Ministry of Home Affairs and Sigit Murwito, Hery Sulistio, Tities Eka Agustine of Kemitraan Partnership.

Selected Research in Progress

Fairness Perception and Prosocial Behavior among adolescents

with Michalis Drouvelis and Zeyu Qiu

Motive Hybridity: Illusional or Worth to Try?

Books (or Chapters)

Unveiling The Puzzle of Islamic Economics and Finance, Behavioral Economics and Experimental Studies: An Exploration from A Gift Exchange Game Experiment (in press)

In S. Nazim Ali (Ed.), Islamic Finance and the Pursuit of Sustainable Prosperity. Edward Elgar Publishing

Islamic Social Fund (2023)

with Adela Natasya. In Kasri, R. A., Indraswari. (Ed), Indonesia Sharia Economic Outlook 2023 (pp. 44-50). Jakarta: PEBS.

Islamic Pension Fund (2022)

with Sari, P.A., Firmanto, D.A. In Kasri, R. A. (Ed), Indonesia Sharia Economic Outlook 2022 (pp. 218-236). Jakarta: PEBS.

Waqf Social Fund (2022)

with Haidlir, B.M., Azzahra, F., and Natasya, A. (2022). In Kasri, R. A. (Ed), Indonesia Sharia Economic Outlook 2022 (pp. 218-236). Jakarta: PEBS.

Ekonomi Pembangunan Islam (2021)

with A Jajang W Mahri, M Cupian, Tika Arundina, Tika Widiastuti, Faizul Mubarok Muhamad Fajri, and Aas Nurasyiah

Islamic Economic Digitalization: Acceleration or Distruption? (2021)

with Indraswari, K. D. In Arsyianti, L. D.(Ed). 30 Years of Indonesian Islamic Economic Development (pp. 520-538). Jakarta: IAEI.

Kasri, R. A., Indraswari, K. D., and Azizon, A. (Eds) (2021). Indonesia Sharia Economic Outlook 2021. Jakarta: UI Publishing.
Waqf Sector in Indonesia (2021)

with Siswantoro, D., Haidlir, B.M., Azizon, A. (2021). In Kasri, R. A., Indraswari, K. D., and Azizon, A. (Eds), Indonesia Sharia Economic Outlook 2021 (pp. 170-183). Jakarta: UI Publishing.

Optimizing the Momentum of COVID-19 as a Catalyst for the Progress of Halal Pharmaceutical and Cosmetic Industries in Indonesia.

In Arsyianti, L. D.(Ed). 30 Years of Indonesian Islamic Economic Development (pp. 89-104). Jakarta: IAEI.

Supply Chain of Kurban Economy (2018)

with Jatmiko, W. and Azizon. In Kasri R. A. & Ahsan A. (Eds), Kurban Economics (pp. 107-130). Jakarta: BAZNAS.

Popular Publications (op-ed)

Rationalising Halal Tourism: A Neuroeconomic View

In The Jakarta Post (July 3, 2019)