Filter

Hasil Pencarian

Penelitian

Tanggal Publikasi: 24 Mei 2023

Preferences and Perceptions of MSME Entrepreneurs Towards Islamic Banking QRIS Products and Services in the City of Medan Post COVID 19 era

Purpose: This research as determine the perception of MSME entrepreneurs in the city of Medan in the post-covid-19 era.

 

Design/methodology/approach: This type of research is field research by conducting interviews and Focus Group Discussions (FGD) conducted on MSME entrepreneurs in Medan City who use QRIS and how their preferences and perceptions are, especially for culinary entrepreneurs.

 

Findings: The results of this study are the tendency of MSME entrepreneurs to prefer cashless transactions instead of QRIS because there are network constraints, lack of consistency in real time when transacting, administrative costs are imposed for MSME entrepreneurs so that they tend to cashless transactions other than QRIS so that MSME entrepreneurs do not prioritize the use of QRIS. Furthermore, from the perception of post-covid-19 era MSME entrepreneurs that purchasing power is low, however, the use of QRIS has not shown an increase in business income.

 

Research, Practical & Social implications: Demonstrate the use of QRIS services that can increase the business income of MSME Users.

 

Originality/value:  This research provides an affirmation in the thinking of the use of QRIS services that can be developed in a more comprehensive and in-depth research. On preferences and perceptions of MSME and their competencies, considering perception entrepreneurs that purchasing use QRIS

Penelitian

Tanggal Publikasi: 20 Mei 2023

The procyclicality of loan loss provisions in Islamic banks

From a sample of Islamic banks around the world from 1997 to 2012, this paper examines whether loan loss provisioning in Islamic banks is procyclical. Our empirical findings highlight that loan loss provisioning in Islamic banks remains procyclical, although the ‘expected’ loan loss model (E-LLM) has been implemented for Islamic banks in several countries. A closer investigation further documents that Islamic banks also use loan loss provisions for discretionary managerial actions, especially related to capital management in which loan loss reserves and provisions are inflated when bank capitalization declines. Eventually, this paper highlights that higher capitalization can mitigate the procyclicality of loan loss provisions in Islamic banks. In other words, loan loss provisioning becomes countercyclical for Islamic banks with higher capitalization. This paper therefore casts doubts on the adoption of the E-LLM for Islamic banks to promote countercyclical effects, because the E-LLM may be influenced by managerial discretion, including opportunistic capital management using loan loss provisions that may undermine the importance of maintaining bank capitalization.

Penelitian

Tanggal Publikasi: 16 Mei 2023

RETESTING OF PROCYCLICALITY IN INDONESIAN SHARIA BANKING DURING THE COVID-19

Introduction: The Covid-19 pandemic is unique because the financial sector is usually affected earlier when a shock occurs, but in this incident, the real industry is more affected. Differences of opinion regarding procyclicality maintain the importance of early indication. Methods: This study aims to reexamine procyclicality in Islamic banking using the VAR/VECM method. Results: The results show that Islamic banks are proxies that support economic development without causing bubbles. Conclusion and suggestion: The avoidance of MAGHRIB (Maysir, Gharar and Riba) ultimately makes Islamic banks have financing characteristics that are different from conventional loans.

Penelitian

Tanggal Publikasi: 1 Mei 2023

The Influence of Islamic Service Quality and Trust on Customer Satisfaction and Intention in Reusing The Services in The Implementation of Umrah and Special Hajj Pilgrimage

Seeing the high potential for Umrah and Special Hajj departures, with a very large number of Umrah and Special Hajj travel, making competition between travel even higher. This study aimed to determine the effect of Islamic service quality and trust on customer satisfaction, which will relate to interest in using it again. The method used in this research was the quantitative exploratory method. The participants in this study were Umrah and Special Hajj pilgrims who are registered with Hajj and Umrah organizers with official permits and domiciled in Java. The sampling technique in this study was probability random sampling with a total sample of 100 respondents. The analysis technique of the study was SEM-PLS by using the SmartPLS 3.2.9 application. The results showed that the quality of Islamic services provided by the travel company and the trust of pilgrims have a significant influence on customer satisfaction felt by Umrah and Special Hajj pilgrims, which also affects their interest in re-patronage Umrah and Special Hajj services at the travel company. This research is very useful for Hajj and Umrah travel organizers in Indonesia in order to improve the quality of organizing Hajj and Umrah for the comfort and solemnity of customers' worship.

Penelitian

Tanggal Publikasi: 1 Mei 2023

Islamic Economic Institutions in Indonesia

Islamic institutions have had a very long history, whose performance was muted during the Colonial Period. However, after the Second World War, the revival of the Islamic institutions began. Throughout its history, it had been assumed that these institutions are working for the betterment of humanity. Their target is to achieve a high level of the welfare for the concerned community. Historically these institutions were waqf, zakat and sadaqat. However from the last three decades, Islamic financial institutions have been established with the objective of providing interest- free products, transaction and services for Muslims. However there has been lot of criticism on the performance and role of these institutions. This becomes especially pertinent in a Muslim country like Indonesia, where there is a dire need to know that how these institutions are working and if it is possible for them to achieve the objectives of the Shari'ah. Some scholars have claimed that these institutions are performative and only serving 'lip service', and there are no significant differences between the Islamic and secular institutions where both kinds of institutions operate on the same foundations and differ only in use of technical terminologies. This volume aims to analyze some of the Islamic institutions which are operating in the world's biggest Muslim country, Indonesia, as a case study and analyze the contemporary Islamic Banking products and practices in the light of 'Maqasad al-Shari'ah'. The book's objective is to propose an improved system of Islamic institutions for Muslims to refer to. This volume will also analyze why these institutions are currently not able to comply with the Maqasad al Shari'ah and how it is possible to enhance the level of economic development, social wellbeing, individual freedom and equality, elimination of injustice and poverty, and achieve the other targets of the Maqasad through these institutions.

Penelitian

Tanggal Publikasi: 28 Apr 2023

The Economic Policy Of Umar Bin Khattab To Face Ramadhan Crisis

The Economic Crisis is a situation of instability that can affect individuals and even large groups that tend to harm. The threat of crisis did not only occur in the current era but in the Khulafaur Rashidun Era, namely during the time of Umar Bin Khattab, namely the Ramadan Crisis, which was a crisis that occurred in the Hijaz area and its surroundings between 17-18H. At that time Ramadan greatly impacted the economy of Muslims because the population was starving, the land was black, livestock died and prices soared. Even trading activities could not carry out their normal activities. Ramadah occurred because the rains did not fall which caused drought, the occurrence of the bubonic plague which disrupted trading activities and because of rampant adultery and judges who acted tyrannically. Umar bin Khattab radhiallahu anh made many changes to his policies at that time.

The research method used in this study is qualitative research, using a historical approach in which the author collects written sources in this research. From the results of this writing, it can be interpreted that economic policy during the caliphate of Umar bin Khattab could not be separated from Umar's intelligence and expertise as a caliph with his ijtihad and deliberations he conducted with friends. It is hoped that this writing can provide references and guidelines for the implementation of governance in managing countries

Penelitian

Tanggal Publikasi: 28 Apr 2023

Analysis of Economic Policy During the Time of Sultan Jalaludin Akbar in the Mughal Empire

Based on the formulation of the problem above, the objectives to be achieved by researchers in writing this paper are: 1) Assess the role of Jallaludin Muhammad Akbar in carrying out the economic policies of the government of the Mughal Empire in India in 1556-1605 AD. The historical method has four steps in conducting historical research, namely (1) Heuristics, (2) Historiography, (3) critic, (4) Interpretation Agriculture and Trade Sector The Mughal economic system was based on agriculture and trade. Communication between farmers regulated by the government in a good way. Taxation Council (1) high taxes given to high officials of the Mughal Empire, (2) Taxeslow for farmers. Tax collection is usually in the form of land tax and property tax (Ownership of goods). The conclusion is that King Jalalludin Akbar, his economic policies are closely related to being based on the political and social policies that during sted the Mughal dynasty. Poor people do not object to economic policies, but object to other policies, high tolerance with normal taxes makes economic policies run smoothly even though removing the jizyah policy but jalaludin agung can still reach its peak of glory with agriculture and its export trade to various regions.

Penelitian

Tanggal Publikasi: 14 Apr 2023

BAURAN KEBIJAKAN FISKAL DAN MONETER TERHADAP PEREKONOMIAN DALAM PERSPEKTIF SYARIAH

Kebijakan moneter dan kebijakan fiskal merupakan kebijakan yang mempengaruhi kebijakan ekonomi makro. Penetapan kebijakan ekonomi secara makro akan memberikan dampak pada pencapaian peningkatan ekonomi. Agar pertumbuhan ekonomi sesuai dengan yang diharapkan, maka kebijakan moneter dan fiskal harus berjalan saling beriringan dan saling mendukung. Jika kedua kebijakan itu saling berlawanan dan tidak saling mendukung, maka pertumbuhan ekonomi akan terganggu atau malah mencapai nol. Oleh karena itu diperlukan interaksi dan interkoneksi antara kebijakan moneter dengan kebijakan fiskal. Kedua lembaga pemerintah yang berwenang menangani masalah keduanya, baik Kementerian Keuangan sebagai penanggung jawab kebijkan fiskal maupun Bank Indonesia sebagai pemegang mandat dalam menetapkan kebijakan moneter, harus bisa menyatukan kebijakan-kebijakan demi mendorong pertumbuhan ekonomi yang mensejahterakan rakyat.

Penelitian

Tanggal Publikasi: 10 Apr 2023

Can We Combine Sukuk and Waqf? A Case Study of Indonesia

Waqf assets in Indonesia have not been managed optimally and productively. A survey states that 74% of waqf managers (nadzir) cannot maximize benefit from waqf. The reason is the limitation on innovation to develop and sustain waqf assets. On the other hand, Indonesian government has suffered from high foreign debt that seeks solution for alternative financing. Sukuk issuance could be a potential linkage between unmanaged waqf assets and government high debt demand. This study discusses the possibility of issuing sukuk based on waqf asset in Indonesia which drives several aspects. This paper adopts research method of benefit, opportunity, cost, and risk both for issuer and investor standpoint that refer to various sources of literature and interviews with respondents consisting of experts, regulators, and practitioners. The results using two-floor level Analytic Network Process show that the priority of benefit aspect is a financing alternative. While for the aspect of opportunity, the main priority is developing more innovative Islamic finance products. The priority of cost aspects is unprofessional asset management of waqf. The priority on aspects of risk is a dispute of endowment assets. For short-term and long-term strategy, the main priority is on creating partnership with other institutions. Contribution of this research is to inform the regulators on the setting of legal aspect when waqf assets used for sukuk financing in particular on the issue of foreign debt.

Penelitian

Tanggal Publikasi: 10 Apr 2023

Contribution of Islamic Microfinance Studies in Achieving Sustainable Development Goals

The Sustainable Development Goals (SDGs) aim to eradicate extreme poverty by 2030 and reduce at least half the proportion of men, women and children of all ages living in poverty in all its dimensions according to national definitions. This chapter reviews extant empirical studies in the area of Islamic microfinance in orderto analyse the contribution of Islamic microfinance to SDGs by mapping research direction on the SDGs. The studies are categorized based on the discussion on research paradigm, countries being researched, methods employed and results that lead to action for achieving MDGs and SDGs. It finds that the studies under review mostly employ poststructuralism and interpretivism paradigm with countries being researched are mostly Bangladesh, Malaysia and Indonesia. Finally, the chapter offers insights on future research aiming to promote the achievements and issues faced in the implementation of SDGs.

Penelitian

Tanggal Publikasi: 10 Apr 2023

Multiple logics within the international Islamic financial architecture: implications for Islamic financial reporting standards

This paper aims to examine the existence of multiple institutional logics among a number of organisations within the international Islamic financial architecture (IIFA) whose main purpose is to promote and support the development of Islamic financial institutions (IFIs) across the globe and how IIFA relates to the role of Islamic financial reporting standards.
The authors review websites of 11 IIFA’s constituent organisations and undertake 7 in-depth, semi-structured interviews with senior members of a selection of these organisations to identify the dominant logics by which their role and (inter)action within the IIFA are shaped.

The study findings reveal evidence of competing (and shifting) logics and political interests that seem to have led to contradictions and inconsistencies among the constituent organisations. The authors explain this by proposing a framework consisting of religion logic, market logic and corporate logic that intertwines with the underlying economic system and acts as sources of identity–legitimacy–authority for the respective organisations.

The authors bring to light some key issues that may pose a threat to the sustained existence of IFIs. The authors adapt the institutional logic framework and incorporate it into religion logic within the context of Islam (i.e. hifdzul-din as the first Maqasid ul-Shari’ah), resulting in some fresh theoretical perspective that may inform future research.

Penelitian

Tanggal Publikasi: 10 Apr 2023

The Role of Good Corporate Governance and Accounting in Islamic Financial Institutions

Islamic financial institutions offer a different paradigm from conventional institutions. From corporate governance (CG) viewpoint, it embodies a number of interesting features since equity participation and profit-and-loss sharing arrangements form the basis of Islamic financing. These financial arrangements imply different stakeholder relationships and governance structures, and distinct from the conventional model since depositors have a direct financial stake in the bank's investment and equity participations. On top of that, the Islamic bank is subject to an additional layer of governance since the suitability of its investment and financing must be in strict conformity with Islamic law and the expectations of the Muslim community. Other form of governance such as accounting standards have also been an issue whether they have met the reporting requirement of Islamic financial institutions that carry title as “Islamic” as there is no uniformity. Therefore, there should be concerted efforts to revisit the existing good CG and accounting standards for Islamic financial institutions.

Penelitian

Tanggal Publikasi: 1 Apr 2023

Public Awareness and Inclination to do Cash Waqf in Indonesia

The application of cash waqf in the general public has not developed widely compared to its considerable potential. This study aims to show how public awareness and inclination of the community in understanding the existence of cash waqf and trying to find normative reasons that become obstacles to the implementation of cash waqf. This study used quantitative methods and by descriptive approach to describe the results through an in-depth discussion. Respondents consisted of 390 people from various backgrounds spread across Indonesia, such as religion, age, education, income, and province. The findings indicate that, in general, the knowledge of the Indonesian people regarding cash waqf is still shallow in the classifications mentioned in this study, because many people still didn’t know well what waqf is. Moreover, most of the respondents stated that infaq is more convenient than waqf. However, this is driven by several obstacles that need to be considered when designing educational and outreach methods in the future. The role of this research is expected to lead to the fulfillment of the potential of cash waqf, which has such a significant function in society. This study could be used as a formulation of a socialization strategy to attract wakif candidates in Indonesia.

Penelitian

Tanggal Publikasi: 28 Mar 2023

وضع الظاهر مكان الضمير في تفسير إرشاد العقل السليم من سورة يونس إلى سورة يوسف أنموذجا (دراسة تحليلية)


تتضمن هذه الدراسة على قيمة اهتمام تفسير إرشاد العقل السليم بقضية وضع الإظهار مكان الإضمار، فهذا التفسير له منهج الذي التزم به في عرض هذه القضية. من أهداف هذه الدراسة إبراز منهج أبي السعود في عرض القضية وضع الظاهر مكان الضمير، ومعرفة الآيات التي فيها وضع الظاهر مكان الضمير، والوقوف على الأغراض في قضية وضع الظاهر مكان الضمير عند أبي السعود. وهذه الدراسة استعملت المنهج التحليلي لما لها من الإقامة بتركيب الأفكار وتقويمها ورجوع العناصر إلى أصولها وتتبعها في التأثير على من جاء بعده. واستنجت هذه الدراسة على أن هناك تقريبا بضعة مواضع التي تكلم صاحب إرشاد العقل السليم بقضية موضع الإظهار مكان الإضمار، كما بين أن هناك الأغراض المختلفة لهذا الوجه البلاغي من خلال سورة يونس إلى سورة يوسف

Penelitian

Tanggal Publikasi: 24 Mar 2023

Role of Higher Education to Nurture Entrepreneurial Character Education

Background – The high unemployment with the educational background of college graduates shows that the need for entrepreneurial attitudes and abilities to be taught. As one of the agendas of the Ministry of Education and Culture, education of character in the higher education can be collaborated with entrepreneurship education. The concept of entrepreneurship character education in the context of higher education is expected to be able to make students become entrepreneurs in the future

Purpose – This study aims to analyze how the role of universities in developing entrepreneurship character education.

Research methodology – This research is a qualitative-quantitative research using Analytic Network Process (ANP) as a analysis techniques. The respondents of this study consisted of 2 categories, namely academics totaling 5 respondens and entrepreneurship practitioners totaling 4 respondents.

Findings – The findings of this study are; first, the aspects that support the development of entrepreneurship education in higher education consist of three aspects: (a) the vision and mission of the campus that focuses on entrepreneurship, (b) Achievement policies and strategies in the context of entrepreneurial character education, and (c) Support of Campus Facilities and Infrastructure that support the entrepreneurial character education process. Second, the priority aspect of the role of universities in developing entrepreneurial character is the vision and mission of an entrepreneurship-based campus. The vision and mission of an entrepreneurship-based campus can be supported by a university strategic plan accompanied by sufficient funding and cost support. As a case analysis, this study compares several concepts of entrepreneurship character education in several campuses in Bogor.

Research limitations This research focuses solely on the context of higher education in generally. Further research is needed, especially in the aspect of education, especially the entrepreneurship education curriculum that supports the vision and mission of an entrepreneurship-based campus.

Originality/Novelty is the uniqueness of the research. Research on entrepreneurship character education with a college context is still small. Research adds to the science of entrepreneurship education in higher education.

Penelitian

Tanggal Publikasi: 9 Mar 2023

CELEBGRAM ENDORSEMENT AND PRODUCT QUALITY, HOW DOES IT INFLUENCE THE INTEREST TO SHOP ONLINE?

This research aims to determine the effect of the endorsement and product quality on online shopping interest on the cosmetic brand EMINA. By using a descriptive quantitative approach, the sampling technique used is random sampling by distributing questionnaires to 100 millennial generation women in Bogor. This study found the endorsement program and product quality have a positive and significant effect on online shopping interest.

Penelitian

Tanggal Publikasi: 5 Mar 2023

Trust and Purchase Intention Model of Muslim Z-Generation Consumers on E-Commerces (B2C) in Indonesia

Indonesia is one of the countries with the highest number of online buyers. One of the potential target markets of e-commerce (B2C) is Z generation, a group of young people who spend most of their time accessing information from websites, including e-commerce. This study aimed to find out the effect of trust and purchasing intention model in the context of online shopping. This study used Structural Equating Modeling (SEM) approach. The sampling technique employed was convenience random sampling with a total of 300 respondents. This study found that perceived trust significantly impacts on purchase intention. Interestingly, perceived risk have negative effect on perceived trust while other variables, namely, product description, perceived site quality, enduring and sitational involvement have a positively effect on perceived trust

Penelitian

Tanggal Publikasi: 1 Mar 2023

Perkembangan Wakaf Uang di Indonesia Dampaknya Terhadap Kemajuan Pesantren

Wakaf Uang adalah instrumen keuangan Islam yang sangat urgen dan menjadi bagian dalam syariat Islam. Dari perspektif eksistensinya, wakaf uang sebagai hal yang baru di Indonesia. Keberadaan wakaf uang di Indonesia muncul setelah Majelis Ulama Indonesia mengeluarkan  fatwa tentang bolehnya wakaf uang tahun 2002. Dan peluang pengembangan itu menjadi lebih besar lagi setelah disahkannya rancangan Undang-Undang Wakaf menjadi Undang-Undang Nomor 41 Tahun 2004 perihal Wakaf. Dengan adanya Undang-Undang Wakaf tersebut memberikan harapan kepada semua pihak dalam upaya pemberdayaan ekonomi rakyat, di samping untuk kepentingan peribadatan dan sarana sosial lainnya. Masalah inti dalam dalam makalah ini adalah, bagaimana potensi wakaf uang yang ada dapat memberikan dampak yang signifikan terutama untuk sektor pendidikan seperti pesantren dan lainnya. Dengan demikian tujuan penelitian ini adalah untuk mendapatkan gambaran potensi wakaf uang di Indonesia serta dampaknya dalam dalam upaya pemberdayaan ekonomi umat terutama lembaga-lembaga pendidikan agama di Indonessia. Metode yang digunakan dalam makalah ini adalah metode study literature, melalui penjelasan deskriotif teori yang berhubungan dengan judul, yang diperoleh dari jurnal, buku dokumentasi, dan media lain yang relevan.

Penelitian

Tanggal Publikasi: 17 Feb 2023

Analysis of Understanding and Application of Fiqh Muamalah (Bai’) at Tanah Abang Market Traders Block B with Phenomenology Approach

To analyze the understanding and application of fiqh muamalah at Tanah Abang Market Traders Block B.Design/methodology/approach–The method in this research is Qualitative research methods with a phenomenological approach with nine respondents.Findings–The results of the research in this study are 88% do not understand but apply and 11% understand and apply in the pillars of bai, 83% understand and apply 17% do not understand and do not apply tothe theme of valid bai requirements, 100% do not understand and apply to the qadbh theme, 66% understand and apply 33% do not understand and do not apply to the theme of khiar, 94% understand and do not apply 6% do not understand and do not apply to the theme of usury, 81% understand and do not apply 19% do not understand and do not apply to the theme of gharar, 100% understand and do not apply to the theme of dzalimResearch limitations/implications–The scope used in the study only covers places that are not too large and broad in scope, and this study only uses 2 variables. The pandemic conditions hampered the research process, so that when the interview process the results were not optimal.Originality/value–The results of the research can beused as a basis for reference for educational institutions to actively provide socialization to traders, as well as religious institutions to be able to provide scientific studies on fiqh muamalah to market traders at Tanah Abang Block B

Penelitian

Tanggal Publikasi: 17 Feb 2023

Measuring the Provincial Sharia Happiness IndexMeasuring the Provincial Sharia Happiness Index

his study aims to measure Sharia happiness index of 33 provinces in Indonesia from 2014 to 2017

Design/methodology/approach – This research is descriptive with a quantitative approach, a modification of happiness index in 33 provinces in Indonesia conducted by BPS (Badan Pusat Statistik) published in 2014 and 2017 HLMS (Happiness Level Measurement Survey) by adding aspects that are in accordance with Sharia.

Findings – Average happiness index for Indonesia based on BPS HLMS in 2014 was 68.79, increasing to 71.47 in 2017. The highest happiness index was province of North Maluku (73.12), and the lowest was province of Papua (64.25). Meanwhile, the average Sharia happiness index in Indonesia is 70.53. The highest average score was of Yogyakarta (74.11), and the lowest score was province of Papua (59.47).

Research limitation/implication – The Government and Policy Stakeholders should pay attention and support to the factors that affect the level of religious satisfaction, which are proven to have a positive impact on the welfare and happiness of the community, where the majority of the Indonesian population is Muslim.

Originality/value – Studies on sharia happiness at the provincial level are rare. Shariah happiness journals tend to discuss happiness at the conceptual level, very few describe Shariah happiness at the application level. This research enriches Islamic discourse in the context of macroeconomics which can be used as a reference for further research and studies