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Penelitian

Tanggal Publikasi: 30 Jun 2024

Navigating Islamic Investments: The Role of Islamic Financial Literacy, Religiosity, and Motivation using PLS-SEM

Along with the increasing number of investment transactions which continued to soar until the end of 2023, the Islamic Capital Market is additionally playing its role in improving the economy in Indonesia, especially for Muslims who want to carry out investment transactions within the Sharia corridor. This research aims to find out whether Islamic financial literacy, religiosity, and investment motivation significantly influence on investment intention in the Islamic Capital Market with a case study of Muslims in Bogor. The object is chosen Bogor is one of the largest Muslim regions in West Java, as the province itself is the top ten largest Muslim community in Indonesia. The results of research using SEM-PLS (Structural Equation Model Partial Least Square) show that Islamic financial literacy has no significant effect on investment intention in the Sharia Capital Market as the T-Statistic is being rejected (0.524> 0.05), but religiosity (0.001< 0.05) and investment motivation (0.000< 0.05) are proven to have a significant influence on investment motivation in Sharia Capital Market as the T-Statistics are being accepted. However, this study complements previous research differentiating the research scope and summoning some variables that was used in the previous research. Religiosity is measured by the respondent’s consideration of Islamic law in investment institutions, while investment motivation means the respondent’s desire to fulfill their physiological needs, sense of safety needs, social needs, esteem needs, and self-actualization needs.

Penelitian

Tanggal Publikasi: 30 Jun 2024

The Role of Religiosity, Consumer Animosity, and Ethnocentrism in Explaining the Boycott Motivation

The protracted conflict between Israel and the Palestinian Hamas group, culminating with an Israeli offensive in October 2023, has caused significant suffering to the Palestinian people. The response to the attack, including international support and a fatwa from the Indonesian Ulema Council (MUI), has prompted Indonesians to boycott products linked to Israel. This study aims to investigate the effect of religiosity, animosity and ethnocentrism on the motivation for boycotting Unilever Indonesia products related to the company's commitment to Israel, focusing on these factors. This type of research is quantitative descriptive with the SEM-PLS approach. The application used is SmartPLS version 4.0.0 with sample data used by 162 respondents through the distribution of questionnaires. The results show that the variables religiosity, consumer animosity and ethnocentrism have a positive and significant influence on the motivation to boycott Unilever Indonesia products. These findings highlight the importance of paying attention to psychological and social factors in the analysis of consumer behavior and their impact on companies and society at large. It also suggests that companies must take into account the social and political implications of their policies, as well as understand the values and beliefs underlying consumers' motivations for boycotting.

Penelitian

Tanggal Publikasi: 30 Jun 2024

Performance Evaluation of Sharia Rural Banks: Maqashid Shariah Index Approach (Case Study: Sharia Rural Banks in West Java, Indonesia)

This study aims to measure the performance of Sharia Rural Banks in West Java using the maqashid sharia approach by Abdul Majid Najjar. The sample used in this study consists of 9 rural banks spread across West Java. The research data employed are secondary data in the form of financial reports for the year 2023 sourced from the Indonesia Financial Services Authority (OJK) website and governance reports for the year 2023 sourced from the official websites of each Sharia Rural Banks. The results of the study indicate that BPRS Al Salaam Amal Salman achieved the highest maqashid sharia score, followed by BPRS PNM Mentari and BPRS Almadinah Tasikmalaya Perseroda as the top three Sharia Rural Banks in West Java with the highest maqashid sharia index scores. Further analysis at the consequence level reveals that "Self" is the consequence with the highest average score compared to other consequences. Meanwhile, the consequence "Intellect" shows the lowest maqashid performance score. This study is expected to serve as a foundation for sharia banks to enhance the implementation of sharia values in their operational practices. Additionally, this study can contribute to a deeper understanding of the compliance of sharia financial institutions with the principles of maqashid sharia at the regional level.

Penelitian

Tanggal Publikasi: 30 Jun 2024

Tanazzul al-Qur’ān dalam Sharḥ al-Ḥikam al-Ghawthiyyah: Sorotan hikmah pertama kitab al-Ḥikam al-Ghawthiyyah karya Syeikh Abū Madyan al-Maghribī (W. 594 H.)

Sheikh AbūMadyan al-Maghribīemerged as a prominent Sufi personality during the 6th century AH. He was often known as Ra's al-Sūfiyyah fīWaqtih, which alludes to the prevailing influence of Sufism during his era. Additionally, he was recognised as Shaykh Ahl al-Maghrib, a title denoting his esteemed position within the Islamic community residing in the western region. One of his most renowned literary compositions is al-Ḥikam al-Ghawthiyyah, which has been subject to scholarly expositions aimed at facilitating readers' comprehension of its significance. Sharḥal-Ḥikam al-Ghawthiyyah, authored by Shihāb al-Dīn Aḥmad ibn Ibrāhīm al-Makkī, who is also recognised as Ibn 'Ilan al-Ṣiddīq al-Shāfi‘īal-Naqshabandī(975–1033), is a text specifically designed for the purpose of delivering lectures. This article subsequently analysesa passage of advice from the book relevant to the argument over the Quranic revelation (Tanazzul al-Qur’ān). This study applies document sources as a data collection and analysed using the content analysis method. Therefore, a qualitative technique was employed to ascertain the distinct semantic connotations of the terms “nuzul” and “tanazzul.” Sheikh AbūMadyan al-Maghribīreached the scholarly conclusion that the phenomenon of nuzul, which refers to the revelation of the sacred verses of the Quran specifically dedicated to the Prophet Muhammad (PBUH), has already taken place and would not recur in the future. The phenomenon of tanazzul al-Qur’ān, denoting the gradual assimilation of the Quran within the hearts of Allah’s custodians, is expected to persist until the Day of Judgement.

Penelitian

Tanggal Publikasi: 29 Jun 2024

Assessing Investment Allocation Funds on the Growth of Total Assets Among Islamic Insurance Firms in Indonesia

The objective of this research is to examine the impact of Islamic insurance funds' asset allocation, which includes mudharabah deposits, sovereign sukuk, corporate sukuk, and Islamic mutual funds, on the asset growth of Islamic insurance funds in Indonesia. This study employs quantitative methodology, utilizing Vector Autoregression (VAR) and Ordinary Least Square (OLS) to analyze data series spanning from January 2016 to April 2023. The findings of the ordinary least squares (OLS) analysis indicate that the proportion of funds invested in Islamic mutual funds, government sukuk, corporate sukuk, and mudharabah deposits has a substantial and positive impact on the expansion of Islamic insurance assets. Moreover, the findings from the VAR indicate that a positive and statistically significant short-term relationship exists exclusively with government sukuk and its impact on the expansion of Islamic insurance assets. To optimize the allocation of investment funds for investors and stakeholders, sovereign sukuk and corporate sukuk may be considered, in light of the Impulse Response Function and Variance Decomposition analysis.

Penelitian

Tanggal Publikasi: 27 Jun 2024

The Influence of Service Attributes on Customer Intention to Revisit Sharia Hotel with Halal Awareness as a Moderating Variable

Purpose – This research aims to analyze the effect of service attributes, including halal food and beverages, sharia-compliant hotel facilities, sharia-compliant hotel operations, and Sharia-compliant hotel design, to revisit Sharia hotels in Jakarta, Bogor, Depok, Bekasi (Jabodetabek) areas with halal awareness as a moderating variable.

Methodology – The data utilized consisted of 150 respondents who are Muslim consumers who have previously stayed and revisited Sharia hotels in the Jabodetabek area. Sampling technique used was purposive sampling. The data were analyzed using structural equation modeling (SEM) and processed through partial least squares (PLS) analysis.

Findings – This research found that Sharia-compliant hotel operations and design significantly and positively influence consumers' intention to revisit Sharia hotels in Jabodetabek. However, halal food and beverages, as well as Sharia-compliant hotel facilities, ddid not have a significant impact on repeat visits. Halal awareness, as a moderating variable, has not been able to strengthen the influence of Sharia hotel service attributes on repeat visits

Penelitian

Tanggal Publikasi: 24 Jun 2024

THE IMPACT OF THE FORWARD-LOOKING EXPECTED LOSS METHOD REFERS TO FINANCIAL ACCOUNTING STANDARD NO. 71 ON EARNINGS QUALITY OF THE INDONESIAN ISLAMIC BANKS

The aim of this research is to test and analyze the effect of applying the Expected Loss Method on earnings quality in the context of the pandemic surrounding.  The research sample consisted of 16 Islamic commercial banks registered with the Financial Services Authority for the 2019-2022. Using panel regression analysis techniques processed through STATA 18, this research measures earnings quality with discretionary loan loss provisions (DLLP). Control variables include liquidity, which is proxied by the financing-to ratio (FDR), efficiency by BOPO, and bank size by Ln Total Financing. The results show that the impact of EFL on earnings quality is positively significant. This means that the higher the implementation of EFL, the greater the increase in DLLP, which indicates a further decline in earnings quality. During the pandemic, DLLP 27.98 demonstrated a higher value compared to non-pandemic periods, indicating a decline in earning quality during that period. This research provides input for regulators in drafting regulations related to CKPN, which is prone to being used as an earnings management tool. For investors, these findings can help in evaluating bank performance to make better investment decisions.

Penelitian

Tanggal Publikasi: 24 Jun 2024

The Influence Of Brand Awareness, Brand Image, And Brand Trust On The Decision To Purchase HP Laptops In The Jabodetabek
Community

The personal computer industry, especially in the classification of
laptop, is one of the largest industries in Indonesia, which has massive
sales. In this sector, products from several global-scale computer
companies have long been the choice of Indonesian consumers,
including HP as its one of leading brand for laptop. This aim to analyze
the effect of brand awarness, brand image, brand trust on HP laptop
purchasing decisions in Jabodetabek who use HP Laptop. The
population in this study were 100 then the whole was taken to be
sampled who use HP laptop. Methods of data analysis using the
validity and reliability of the questionnaire, multiple regression analysis.
The results of this study indicate that the brand awarness, brand image
and brand trust variables simultaneously and partially have a significant
effect on purchasing decisions (a survey of HP laptop users specifically
for the Jabodetabek area). The coefficient of determination is 0.772
which indicates that the ability of the independent variables to predict
the dependent variable is 77%. 23% is influenced by other factors not
examined by the author

Penelitian

Tanggal Publikasi: 24 Jun 2024

The Influence Of Brand Image, Brand Satisfaction And Brand Trust On
H&M Customer Brand Loyalty In The Jabodetabek Area

Fast fashion is a phenomenon in the clothing industry that offers the
latest fashion trends at low prices and fast production times. one of the
famous brands is H&M. In Indonesia, H&M has spread to 19 cities in the
last 8 years.This study aims to analyze the effect of brand image brand
satisfaction brand trust on H&M customer brand loyalty in the
Jabodetabek area. Data collection was carried out by distributing online
questionnaires via G-form. Multiple linear regression methods are used
as data processing methods. The results of this study partially the
Brand Image variable has no significant effect on brand loyalty, and the
Brand Satisfaction variable, and Brand Trust have a significant positive
effect on Brand Loyalty. Simultaneously all dependent variables affect
the Brand Loyalty variable. In this study, all independent variables can
influence the dependent variable by 58%.

Penelitian

Tanggal Publikasi: 24 Jun 2024

ABU UBAID’S PERSPECTIVES AND THE DYNAMICS OF DIGITAL CURRENCY IN MODERN ISLAMIC ECONOMICS

This research aims to discover how classical Muslim scholars named Abu Ubaid and contemporary academics think about the existence and Islamic law regarding digital currency. This library research uses meta-analysis, sentiment analysis, and critical analysis. This research uses secondary data from scientific journal articles published in 2017-2023. The data source in this research was obtained from the Dimension database. The research results show that there are 106 pieces of scientific literature about digital currency from an Islamic perspective and 35 scientific kinds of literature about Abu Ubaid in the economic field with fluctuating literature development. Digital currency is not based on Abu Ubaid's thinking about the function of money because digital currency is a virtual currency that does not have underlying assets and many elements of uncertainty and other harm. Contemporary research studies also indicate a prevailing inclination towards negative rather than positive sentiment regarding the presence and implementation of Islamic law in digital currency. The dar'u al-mafasid muqaddam ala jalb al-masalih principle might help resolve the dispute between those who permit and those who forbid it. This research can be used as reference material for relevant research in the future and is helpful as material for public reflection and evaluation for policymakers to revitalize the application of digital currency by Islamic principles.

Penelitian

Tanggal Publikasi: 21 Jun 2024

This study highlights the current state of green sukuk research, conducted through journals filled with descriptions of digital objects. This analysis focuses on the character and writing style of keywords, authors, and journals. The data analyzed amounted to 123 studies published in Dimensions (https://dimension. ai). Descriptive statistical methods were used, and bibliometric analysis was performed using R Biblioshiny to determine bibliometric maps. The number of articles discussing the green sukuk theme has been quite large in recent years. Many journals have published articles on green sukuk, most of which is the Journal of Islamic Accounting and Business Research which contains several authors who investigate the topic with various keywords, the most prolific author is Musari K., and the most widely used keyword is" green, sukuk and Islam". This study provides an overview of trends in topics, keywords, journals, and authors in popular articles about green sukuk. It provides information for researchers focused on this area. Overall, green sukuk holds immense potential to emerge as a key instrument in financing sustainable projects in the future. With concerted support from all stakeholders, green sukuk can serve as a catalyst for achieving inclusive and environmentally responsible sustainable development on a global scale. This theme can be expanded for the future.

Penelitian

Tanggal Publikasi: 21 Jun 2024

Criticisms The Government's Role of Zakat Regulation in Indonesia for Improving the Zakat Potential

This research was conducted to determine previous research trends regarding zakat regulation as well as the sentiment from these studies regarding the policy and implementation of zakat regulations in Indonesia. The methodology used in this research is a qualitative method with descriptive statistics on secondary data from 151 literature studies related to zakat regulation published and available on Dimensions.ai over a period of 7 years (2017-2023). The data analysis techniques used are meta-analysis and sentiment analysis which are processed using Microsoft Excel 2019 and SentiStrength software. Then, to reveal this problem in depth and comprehensively, a Systematic Literature Review (SLR) study was also carried out. The research results show that the publication of scientific literature regarding zakat regulation in Indonesia continues to increase every year, indicating that this field is quite interesting to discuss for researchers and has extensive research space and continues to develop. This study can be used as a reference in identifying influential authors, articles and journals so that future researchers will find it easier to find references that have a big influence on the development of literature on zakat regulation in Indonesia. Apart from that, by knowing what things were criticized from the negative perceptions of previous researchers regarding the policy and practical application of zakat regulation in Indonesia, it is hoped that this research can become evaluation material for regulators and policy makers to revitalize existing regulations to realize their potential.

Penelitian

Tanggal Publikasi: 20 Jun 2024

Use of ChatGPT to Improve Digital Enterprise Business Performance

Artificial intelligence-based technologies, such as Chat GPT, are increasingly being applied in online businesses to improve business performance in businesses. This research uses qualitative research to explore the impact of using GPT Chat on online business performance among digital business actors using a phenomenology approach. In this research, data collection was carried out using a structured interview method. The data analysis method used in this research is thematic analysis. The results of data analysis show that using ChatGPT helps complete tasks faster, makes it easier to complete tasks, helps acquire new knowledge, helps acquire new skills, helps find innovative ideas, using ChatGPT can improve your service delivery to customers, helps identify problems faced by the company, helps in making decisions for the company, helps make better quality decisions and helps make more effective decisions.

Penelitian

Tanggal Publikasi: 19 Jun 2024

Pengaruh Literasi Keuangan Syariah Terhadap Minat Menggunakan Fintech Peer to peer (P2P) Lending Syariah: Studi Kasus Masyarakat di Jabodetabek

This study aims to analyze the influence of variables such as knowledge, ability, attitude, and trust on the interest in using Shariah Peer to peer (P2P) Lending Fintech: A Case Study of Communities in Jabodetabek. The data source of this research is primary data derived from a sample of residents in Jabodetabek. Data collection was conducted by distributing questionnaires to 100 respondents. The analysis method used is Partial Least Squares Structural Equation Modeling (SEM-PLS) technique using SmartPLS.3 software. The results of this study indicate that all four variables significantly influence interest and engagement of the community in using Shariah fintech services. It emphasizes the complexity of factors influencing the adoption of Shariah financial technology.

Penelitian

Tanggal Publikasi: 13 Jun 2024

THE INFLUENCE OF POND AND GENERAL GRADUATES ON THE LEVEL OF QUR'AN MEMORATION AND ACADEMIC ACHIEVEMENT OF HAFIDZPRENEUR STUDENTS

The study aimed to assess the impact of graduates
from Islamic boarding schools and general schools on Quran
memorization levels and academic grades of Hafidzpreneur
students. The method used was a dummy variable regression
with data processing using Microsoft Excel 2016. The primary
data used were collected through questionnaires distributed to
Hafidzpreneur students via Google Forms. The data were
analyzed using regression analysis, partial F-test, and
simultaneous F-test. The R-squared value in this study was
0.416, indicating that the dependent variable (Quran
memorization) can be explained by the independent variables
(graduates from Islamic boarding schools and general schools,
and academic performance) to the extent of 41.6%. The
remaining 58.4% can be explained by other variables. The
study found that graduates from both Islamic boarding
schools and general schools negatively affected Quran
memorization, as indicated by a probability of 0.34 > α = 0.05.
Additionally, academic performance negatively influenced
Quran memorization, with a probability of 7.52 > α = 0.05. The
study concluded that students from both Islamic boarding
schools and general schools, as well as academic performance,
do not significantly affect the level of Quran memorization
among Hafidzpreneur students. The study has significant
implications in increasing understanding about the
relationship between graduates from general and Islamic
boarding schools on Quran memorization and academic levels.
The study's results can help educational institutions develop
new programs that combined religious and general education,
particularly for students interested in becoming
Hafidzpreneur.

Penelitian

Tanggal Publikasi: 8 Jun 2024

This study examines the factors influencing the adoption of Sharia FinTech among cooperative and non-cooperative users that can help them provide better and more efficient services. Moreover, this research uses the Technology Acceptance Model (TAM) method that has been modified using quantitative analysis by distributing online questionnaires with a total of 154 respondents in the DKI Jakarta and West Java provinces. Data processing and hypothesis testing were conducted using the Structural Equation Model (SEM) which showed that variables PU, PUE, TRU, BI, and PR have a significant impact on ATT. Meanwhile, BI, PR, and UI have been proven to influence TRU, PUE has been proven to influence PU, and ATT has been proven to influence INT. Additionally, GS and UI do not affect ATT, and PR does not affect TRU for users' adoption of Sharia FinTech services. This study contributes to the literature on Sharia FinTech service adoption by providing a more comprehensive view of user attitude determinants by combining trust in FinTech services with TAM.

Penelitian

Tanggal Publikasi: 8 Jun 2024

This study aims to see the Factors Affecting Loan Quality on Sharia Fintech Lending in Indonesia. This research uses a qualitative method of case studies by collecting secondary data through from OJK. This article looks at the Factors of current loans and non-current loans starting in early 2021 to 2023 for Sharia FinTech in Indonesia by adopting the multiple linear regression method and dummy variables to analyze data on more than two free variables. The estimates show factors for gender, age and domicile in FinTech lending in Indonesia. Furthermore, gender does not appear to significantly impact the number of loan recipients or the outstanding loan amount, age and domicile variables have a significant impact on these factors. Age categories show a positive impact on the number of loan recipients and the outstanding loan amount. Meanwhile, individuals outside of Java are more likely to be loan recipients compared to individuals in Java. These findings recommend that financial services authorities intensively encourage new innovative Sharia FinTech business models for lending to expand digital financial inclusion by providing financing for people (P2P) who are not touched by banks.

Penelitian

Tanggal Publikasi: 6 Jun 2024

Analisis Dampak Kinerja Pengelolaan Zakat Dalam Pengentasan Kemiskinan Pada Kabupaten Ogan Komering Ilir

The population of Ogan Komering Ilir Regency in 2020 was 769,348 people. The poverty rate in 2020 reached 123.34 thousand people, then in 2021 it increased to 124.78 thousand people. The increasing poverty rate is a problem for the performance of zakat managers, while zakat itself is a form of poverty alleviation effort. This research is to determine the impact of zakat management performance in alleviating poverty in Ogan Komering Ilir district and the factors that influence the performance of zakat management in poverty alleviation. Quantitative descriptive analysis method. The total respondents in this study were 100 respondents from zakat management employees in each district, sub-district, sub-district/village of Ogan Komering Ilir district. In this research, a new variable is added in the performance of zakat management, namely the muzakki trust variable. The analysis method in this research uses Partial Least Squares Structural Equation Modeling (PLS-SEM). The results of this research show that zakat management performance factors influence poverty alleviation by 59.2% and the remaining 40.8% is influenced by other variables. Overall, the performance of zakat management has a positive and significant effect on poverty alleviation.

Penelitian

Tanggal Publikasi: 6 Jun 2024

Pengaruh Tingkat Literasi Wisata Halal, dan Perilaku Wisatawan Terhadap Minat Berwisata Halal di Provinsi Riau

This research aims to analyze the effect level of halal tourism literacy and tourist behavior towards interest in visiting halal tourism with a focus on halal tourism in Riau Province. This research uses the PLS-SEM (Partial Least Square Structural Equation Modeling) method to illustrate the results of regression analysis related to testing the relationship between independent and dependent variables. The results of this research reveal that the variables of halal tourism literacy and tourist behavior have a significant effect on interest in visiting halal tourism, which means that the better the public's literacy towards halal tourism, the better the public's attitude towards halal tourism. Vice versa, the better the public's attitude towards halal tourism, the higher the interest in visiting halal tourism. Therefore, it is important to cultivate a positive image of halal tourism to ensure halal tourism in Indonesia, especially in Riau Province.

Penelitian

Tanggal Publikasi: 1 Jun 2024

The Role of Perceived Service Quality and Islamic Financial Literacy on Customer Loyalty In NTB Syariah Bank

Islamic banks need to develop strategies to increase customer loyalty. It prevents customers from switching to other banks and ensures business survival. This is especially true for Islamic regional banks with relatively homogeneous customer bases. This study investigates the impact of perceived service quality and Islamic financial literacy on customer loyalty in NTB Syariah Bank, which is recognized for its excellence in regional banking. Through purposive sampling, data is gathered via questionnaires from 85 respondents after filtering through 112 respondents and analysed using Structural Equation Modelling (SEM). Key findings reveal that service quality significantly influences customer loyalty, with empathy and tangibility emerging as crucial factors. Empathy is crucial in fostering positive customer experiences and building long-term relationships. A high level of tangibility can enhance customer confidence and satisfaction. Additionally, the study underscores the positive correlation between service quality, Islamic financial literacy, and customer loyalty. Practical implications highlight the importance of enhancing financial literacy and fostering trust in Islamic banking through regulatory support and educational initiatives. This research fills a gap in understanding regional bank practices and offers insights for tailored financial literacy programs in rural communities.