Faculty of Islamic Economics and Business - UIN Alauddin

What Faculty of Islamic Economics and Business - UIN Alauddin does

FEBI (Fakultas Ekonomi dan Bisnis Islam) is the Islamic economics and business faculty of Universitas Islam Negeri (UIN) Alauddin Makassar, a state Islamic university in Indonesia operating under the Ministry of Religious Affairs. Established in 2019 through the spin-off of programs from the Faculty of Sharia, FEBI delivers five undergraduate programs (Accounting, Management, Islamic Economics, Economics, and Sharia Banking) and two master's programs (Sharia Business Management; Sharia Accounting), serving approximately 3,192 active students with 89 lecturers across two campuses in Makassar and Samata-Gowa, South Sulawesi.

The faculty's core delivery infrastructure combines standard higher-education technology — an integrated academic portal (Portal Akademik), university-wide E-Learning LMS, and the national PDPT student database — with practical Islamic-finance learning facilities that distinguish it from conventional economics faculties. These facilities include a student-run Bank Mini Syariah (Mini Islamic Bank), the Galeri Investasi Syariah (Sharia Investment Gallery), and The Gade Creative Lounge, the latter established in partnership with PT Pegadaian. Two study programs hold 'Unggul' (Excellent) accreditation from LAMEMBA, and the faculty publishes two peer-reviewed journals (Jurnal Assets; Jurnal Iqtisaduna). Student acquisition runs through Indonesia's national UM-PTKIN entrance exam plus event-driven and community-led outreach.

Commercially, FEBI is funded primarily through the Indonesian government budget (APBN/APBN-P) and sliding-scale student tuition (Uang Kuliah Tunggal / UKT) determined by family economic capability, supplemented by administrative fees (transcripts, diploma custody, certificate legalization). It maintains 26 active partnerships with domestic Islamic finance institutions (BSI, Pegadaian, Bank Indonesia, OJK, LPS, BAZNAS, BPKH, KNKS, BWI) and a 2026 international collaboration with Adelaide Institute of Higher Education (AIHE), Australia. As a non-commercial public entity, FEBI has no external shareholders, funding rounds, M&A activity, or AI/ML capability disclosures in the input data.

Name

Faculty of Islamic Economics and Business - UIN Alauddin

Legal name

Fakultas Ekonomi dan Bisnis Islam Universitas Islam Negeri Alauddin Makassar

Website

https://febi.uin-alauddin.ac.id

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

FEBI UIN Alauddin Makassar is a state Islamic university faculty in Indonesia, founded 2019, offering five undergraduate and two graduate programs in Islamic economics, accounting, management, and sharia banking to 3,192 students. Revenue comes from government budget allocations and sliding-scale tuition, with practical learning via a student-run Islamic bank and investment gallery.

Ownership category

akta.pro rank

Product category

Islamic Higher Education

NAICS

Colleges, Universities, and Professional Schools (6113), Colleges, Universities, and Professional Schools (611310), Educational Support Services (611710)

SIC

Services-Educational Services (8200), Investment Advice (6282)

akta.pro primary industry

Islamic Colleges & Sharia/Fiqh Institutes (EDAHAKAI)

akta.pro secondary industries

Shariah Governance, Compliance & Advisory (Shariah Boards, Audit, Fatwa) (FSABAGAJ), Islamic Investment Banking & Capital Markets Services (FSABAGAG), Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

Keywords

• Islamic economics education
• Sharia banking programs
• Higher education services
• Islamic finance research
• Academic journal publishing

Headquarters

HQ city

Makassar

HQ country

Indonesia

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Government Budget (APBN/APBN-P): State university funding from Indonesian government budget allocated for operational costs, lecturer salaries, and infrastructure development
2. Uang Kuliah Tunggal (UKT) - Single Tuition Fee: Student tuition fees paid per semester based on economic capability assessment. The faculty processes UKT payments and handles requests for UKT reconsideration (Peninjauan Ulang UKT).
3. Academic Administrative Services: Revenue from administrative fees including certificate legalization, transcript issuance, diploma custody fees (Uang Penitipan Ijazah), and various academic forms processing

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

FEBI UIN Alauddin delivers undergraduate and graduate education in Islamic economics, accounting, management, economics, and sharia banking across five bachelor's and two master's programs. It supports academic research through two peer-reviewed journals (Jurnal Assets and Jurnal Iqtisaduna) and provides practical learning facilities including Galeri Investasi Syariah, Bank Mini Syariah, and The Gade Creative Lounge. The faculty operates under the UIN Alauddin state Islamic university framework, funded through government allocations and student tuition fees.

Product overview

FEBI UIN Alauddin operates as a faculty within Universitas Islam Negeri Alauddin Makassar, offering a unified portfolio of five undergraduate educational programs (Ilmu Akuntansi, Manajemen, Ekonomi Islam, Ilmu Ekonomi, and Perbankan Syariah) supported by academic journals (Jurnal Assets and Jurnal Iqtisaduna), student facilities (Galeri Investasi Syariah, The Gade Creative Lounge, and Bank Mini Syariah), and institutional platforms (Portal Akademik and E-Learning LMS). The faculty integrates these offerings within the broader university infrastructure to deliver comprehensive education in Islamic economics and business.

Differentiator

Problem solved

Functional benefit

Products and services

• Ilmu Akuntansi (Accounting) Undergraduate Program Undergraduate program in Accounting preparing students in financial accounting, auditing, and managerial accounting with an Islamic perspective. The program holds 'Unggul' (Excellent) accreditation from LAMEMBA.
• Manajemen (Management) Undergraduate Program Undergraduate program in Business Management focusing on strategic management, marketing, and organizational behavior with Islamic business ethics.
• Ekonomi Islam (Islamic Economics) Undergraduate Program Undergraduate program in Islamic Economics covering sharia economics, Islamic finance, and halal economy principles. The program holds 'Unggul' (Excellent) accreditation from LAMEMBA.
• Ilmu Ekonomi (Economics) Undergraduate Program Undergraduate program in Economics providing comprehensive knowledge in economic theory, policy analysis, and development economics.
• Perbankan Syariah (Sharia Banking) Undergraduate Program Undergraduate program in Sharia Banking specializing in Islamic banking operations, products, and regulatory frameworks.
• Jurnal Assets Peer-reviewed academic journal published by FEBI UIN Alauddin covering topics in Islamic economics and business.
• Jurnal Iqtisaduna Peer-reviewed academic journal published by FEBI UIN Alauddin focusing on Islamic economic and business research.

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

25 partnerships are on record, tiered core, major, regional and minor.

• PT Bank Syariah Indonesia TBKcoreStrategic or Co-development PartnerMoU for Islamic banking products and services. Includes Sharia banking services, student practical training (magang), and halal financial literacy education. Supports FEBI students with real-world Islamic banking exposure.
• PT Pegadaian (Pegadaian Syariah)coreStrategic or Co-development PartnerComprehensive cooperation including SAPADI program (Islamic pawnshop product education), student entrepreneurship support, research collaboration, and establishment of The Gade Creative Lounge facility. UIN Alauddin designated as one of PT Pegadaian's sharia economics and finance campus drivers.
• PT RajaGrafindo PersadamajorStrategic or Co-development PartnerCooperation in book publishing, academic development, and Tri Dharma activities. Includes writing opportunities, workshops, and book review events for FEBI lecturers.
• Badan Amil Zakat Nasional (BAZNAS) RImajorStrategic or Co-development PartnerNational Zakat Coordinating Board partnership for zakat management research, community service, and student scholarship support. FEBI participates in national coordination forums with BAZNAS.
• Dewan Syariah Nasional Majelis Ulama Indonesia (DSN-MUI)majorStrategic or Co-development PartnerParticipation in DSN-MUI national gatherings discussing sharia compliance and Islamic finance development.
• Adelaide Institute of Higher Education (AIHE), AustraliamajorStrategic or Co-development PartnerInternational collaboration on Islamic finance seminars, research publications, and community service programs. Includes international PKM activities with Australian academic participation.
• Universitas Terbuka (Open University)majorStrategic or Co-development PartnerCooperation for Tri Dharma quality improvement between the two economics faculties. Period 2023-2028.
• Fakultas Ekonomi dan Bisnis Islam IAIN SalatigaregionalStrategic or Co-development PartnerAcademic cooperation for vision and mission achievement between FEBI UIN Alauddin and IAIN Salatiga.
• Sekolah Tinggi Agama Islam (STAI) DDI MarosregionalChannel Partner/ Reseller/ DistributorMoU for Tri Dharma cooperation including education, research, and community service. FEBI acts as supervising institution for this private Islamic college.
• Komite Nasional Keuangan Syariah (KNKS)majorStrategic or Co-development PartnerCooperation in Islamic finance education development, research, and community service.
• Dompet Dhuafa Sulawesi SelatanmajorStrategic or Co-development PartnerCooperation in ziswaf (zakat, infaq, sadaqah, waqf) management, research, community service, and student internship programs.
• Baitulmaal Muamalat Sulawesi SelatanmajorStrategic or Co-development PartnerCooperation in education, research, community service, internship, and student/alumni recruitment. Long-standing partnership since 2002, extended to 2027.
• Universitas Muslim IndonesiaregionalStrategic or Co-development PartnerCooperation in education development, research, community service, and quality improvement.
• Badan Pengelola Keuangan Haji (BPKH)majorStrategic or Co-development PartnerBPKH Insight Muda program hosting at FEBI for Hajj financial literacy education. Includes internship opportunities and scholarship access for UIN Alauddin students.
• Badan Wakaf Indonesia (BWI)majorStrategic or Co-development PartnerWorkshop on productive waqf management and nazhir (waqf trustee) competency development.
• Dejavato FoundationminorStrategic or Co-development PartnerCooperation in Tri Dharma implementation and Independent Campus Learning (Merdeka Belajar Kampus Merdeka) program.
• Lembaga Pengaduan Masyarakat (LPM) Kabupaten JenepontominorOthersMoU for community development and democratic governance strengthening.
• Otoritas Jasa Keuangan (OJK)majorStrategic or Co-development PartnerFinancial risk education and GERAK SYARIAH 2024 program for student financial literacy.
• Lembaga Penjamin Simpanan (LPS)majorStrategic or Co-development PartnerFinLab 2025 program for financial literacy and deposit insurance education.
• Bank IndonesiamajorStrategic or Co-development PartnerCurrency education programs and Cinta Bangga Paham Rupiah socialization.
• IAIN Sultan Muhammad Syafiuddin SambasregionalStrategic or Co-development PartnerAcademic cooperation including teaching, research, community service, and journal publication.
• IAIN ManadoregionalStrategic or Co-development PartnerMoU for academic cooperation between Islamic economics faculties.
• Inisiatif Zakat Indonesia Sulawesi SelatanminorStrategic or Co-development PartnerSinergi for Zakat institution management and development.
• Komisi Pengawas Persaingan Usaha (KPPU)minorStrategic or Co-development PartnerCooperation in fair business competition law education and enforcement.
• Muamalat InstituteminorStrategic or Co-development PartnerIslamic banking strengthening collaboration and knowledge sharing.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• International Islamic University Malaysia (IIUM): Premier international Islamic university offering economics and Islamic finance programs at scale. Comparable as a broader Islamic higher-education incumbent in the regional Islamic finance talent pipeline.
• Universitas Muhammadiyah Yogyakarta (Faculty of Economics): Larger private Islamic university in Indonesia with economics and business programs. Comparable as a competitor for Islamic economics students, though broader in scope and privately rather than state-funded.

Emerging players

• INCEIF University: Malaysia's specialized Islamic finance university. Comparable as a focused sharia finance education provider targeting similar professional outcomes in Islamic banking, takaful, and capital markets.
• STEI Tazkia: Specialized Islamic economics, business, and finance college in Bogor. Comparable as a niche player focused on sharia economics education with stronger specialization but smaller scale than UIN-based faculties.

Direct peers

• Fakultas Ekonomi dan Bisnis Islam UIN Syarif Hidayatullah Jakarta: Faculty of Islamic Economics and Business at UIN Syarif Hidayatullah Jakarta, the flagship state Islamic university in Indonesia. Directly comparable in mission, program structure (Islamic economics, sharia banking, accounting), and target student segment as a peer PTKIN faculty.
• Fakultas Ekonomi dan Bisnis Islam IAIN Salatiga: Direct academic cooperation partner of FEBI UIN Alauddin with similar Islamic economics program offerings. Both faculties operate within Indonesia's Islamic higher education ecosystem with comparable program structures.
• Fakultas Ekonomi dan Bisnis Islam UIN Sunan Kalijaga Yogyakarta: Faculty of Islamic Economics and Business at UIN Sunan Kalijaga Yogyakarta. Comparable in offering undergraduate and graduate programs in Islamic economics, sharia banking, and accounting within a state Islamic university structure.
• Fakultas Ekonomi UIN Maulana Malik Ibrahim Malang: Economics faculty at another leading state Islamic university (UIN Maliki Malang). Comparable in delivering economics and Islamic business programs to similar student demographics across Indonesia's PTKIN system.

Regional players

• Universitas Islam Indonesia (Faculty of Economics): Private Islamic university in Yogyakarta with economics programs. Comparable in serving Indonesian Muslim students seeking economics/business education, though operating under a different ownership model.

Others

• Muamalat Institute: Islamic banking training and research arm of Bank Muamalat Indonesia. Comparable as a partner ecosystem player in Islamic finance education, providing executive training that complements FEBI's academic offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/fakultas-ekonomi-dan-bisnis-islam-uin-alauddin-makassar

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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