Unemployment is one of the significant challenges faced by most developing countries, especially in ASEAN. This study aims to investigate the relationship between gross domestic product, foreign direct investment, inflation rate and unemployment in selected ASEAN countries. The panel data collected from the World Bank covering the period of 1980-2017 for Malaysia, Indonesia and Thailand. The data were analysed using static panel regression. The results of this study showed that Method Random Effect Model (REM) is more appropriate and that gross domestic product has a negative relationship with unemployment. Further, foreign direct investment and the inflation rate positively correlatewith unemployment in Malaysia, Indonesia and Thailand. The overall findings of this study can guide policymakers to consider the unemployment fluctuations faced by ASEAN and establish policies to realise ASEAN Community

This aims of this study is to the effect of perceived usefulness, perceived ease of use, and perceived credibility simultaneously affect customer interest in using m-banking services at Bank Syariah Indonesia. This study uses a descriptive quantitative approach. The technique used in sampling is nonprobability sampling with simple random sampling with the Slovin formula, the number of samples in this study were 96 respondents of Indonesian Islamic Bank customers at IAI Tazkia Bogor. The results found from this study are (1) there is an effect of perceived usefulness on the interest of BSI customers in Bogor City in using m-banking Bank Syariah Indonesia, (2) there is no effect of perceived ease of use on the interest of BSI customers in Bogor City in using m-banking Bank Syariah Indonesia, (3) there is an effect of perceived credibility on the interest of BSI customers in Bogor City in using m-banking Bank Syariah Indonesia, and (4) there is an effect of perceived usefulness, perceived ease of use, and perceived credibility on interest of BSI customers in Bogor City in using m-banking Bank Syariah Indonesia.

Keywords: Customer Interest, Perceived Usefulness, Perceived Ease Of Use, Perceived Credibility.

This aims of this study is to the effect of perceived usefulness, perceived ease of use, and perceived credibility simultaneously affect customer interest in using m-banking services at Bank Syariah Indonesia. This study uses a descriptive quantitative approach. The technique used in sampling is nonprobability sampling with simple random sampling with the Slovin formula, the number of samples in this study were 96 respondents of Indonesian Islamic Bank customers at IAI Tazkia Bogor. The results found from this study are (1) there is an effect of perceived usefulness on the interest of BSI customers in Bogor City in using m-banking Bank Syariah Indonesia, (2) there is no effect of perceived ease of use on the interest of BSI customers in Bogor City in using m-banking Bank Syariah Indonesia, (3) there is an effect of perceived credibility on the interest of BSI customers in Bogor City in using m-banking Bank Syariah Indonesia, and (4) there is an effect of perceived usefulness, perceived ease of use, and perceived credibility on interest of BSI customers in Bogor City in using m-banking Bank Syariah Indonesia.

Keywords: Customer Interest, Perceived Usefulness, Perceived Ease Of Use, Perceived Credibility.

This study aims to examine the effect of work-life quality and transglobal leadership on employee performance of Sharia Saving-Loan and Finance Cooperative. The population of this study consisted of employees of sharia saving-loan and finance cooperative in Banten. Sampling was carried out using the minimum criteria from the SEM-PLS, ranging from 35 to 100. Data was obtained by using a questionnaire. This research is a quantitative study. The data were analyzed using Structural Equation Modelling (SEM) and processed using Partial Least Square (PLS) analysis with the Smartpls 3.0 application. This study found that the work-life quality has a positive and significant effect on organizational commitment, the work-life quality has a positive and significant effect on employee performance, transglobal leadership has a positive and significant effect on organizational commitment, transglobal leadership does not have any effect on employee performance, organizational commitment has a positive effect and significant on employee performance, organizational commitment mediates the effect of work-life quality on employee performance and organizational commitment mediates the effect of transglobal leadership on employee performance.

Penelitian ini bertujuan untuk mengkaji praktek IMBT yang dilakukan di Bank XYZ dan mengevaluasi kesesuaian praktek tersebut dengan maqashid syariah. Metode yang digunakan adalah pendekatan kualitatif secara penuh yang terdiri dari tiga tahap analisis yaitu kajian literatur, in-depth interview, dan analisis deskriptif. Temuannya adalah bahwa praktek IMBT yang dilakukan oleh Bank XYZ telah memenuhi persyaratan atau kepatuhan syariah. Disisi lain dari sudut pandang maqashid syariah yang lima, seluruh praktek yang dilakukan telah sesuai. Dimana terdapat sistem yang mewakili terhadap penjagaan harta, pikiran, jiwa, keturunan dan harta nasabah. Berdasarkan hasil wawancara, nasabah mendapat tawaran yang baik dan jelas, serta pihak Bank XYZ sangat bertanggungjawab atas seluruh transaksi yang dilakukan.

This study aims to analyze the factors of millennial employees in DKI Jakarta and West Java in paying zakat on income and services. This study covers the behavioural variables of millennial employees which include zakat literacy, the influence of social media and religiosity as well as other millennial employee characteristics, namely education level, type of zakat recipient institution selected, frequency of zakat payments, and experience in zakat. The millennial working population is represented by residents aged 20 - 39 years. The distribution of the questionnaire was carried out via google form to 400 people in DKI Jakarta and West Java as respondents. Data analysis using SEM PLS with the results of decisions to pay zakat income and services by millennial employees in the two provinces is influenced by social media and religiosity factors. Information about zakat on social media is believed by the millennial generation and so is the literacy factor regarding the amount of zakat and the conditions for zakat. Then other influences are the level of education, type of zakat payment preference institution, frequency of zakat payments, routine of attending recitations and experience in giving zakat which is believed to influence the decision to pay zakat income and services

The COVID-19 pandemic has resulted in the emergence of a new segment of vulnerable people who have been exposed to microcredit by loan sharks. They have either lost their jobs, been forced to take unpaid leave, or had to temporarily close their businesses due to Movement Control Orders (MCO) imposed by the government. This situation is expected to persist even after the pandemic has ended, and thus requires financial intervention. Zakat, the third pillar of Islam, serves as a wealth redistribution system that is expected to address poverty issues and social inequality so that “… wealth is not circulated solely among the rich” (Qur’an, 59:7). In the long run, a mustahiq (zakat-eligible recipient) should be able to escape poverty and eventually become a muzakki (zakat payer). On the other hand, the pandemic crisis has affected the amount of zakat collection. Some states in Malaysia and other countries have reported a deficit in zakat funds due to a decrease in zakat collection and an increase in zakat distribution.

The research aims to determine the process and accounting treatment of the financing by Rahn Tasjily Contract. The method used is a Descriptive Case Study on PT XYZ. The analysis used theoretical propositions as a general strategy and pattern matching as a specific analysis. It consists of primary data (interviews and observations) and secondary data (contracts, accounting treatment in the system, PT XYZ annual reports, DSN-MUI fatwa, and PSAK). The study results indicate that the process of financing the Rahn Tasjily contract is under the fatwa by DSN-MUI. The financing contract begins with the Qardh contract and then continues with the Rahn Tasjily Contract to collect maintenance services fee / Mu’nah, accounting treatment of the financing by Rahn Tasjily contract is related to financial accounting standards by IAI. Still, it is not following PSAK Ijarah/Sharia Rent because the characteristics of the Rahn Tasjily are fee-based services. This study impacts the institution’s compliance in carrying out rahn tasjily financing of PSAK 107 (Effective 1 January 2017) and Fatwa DSN MUI DSN No.92/DSN-MUI/III/2014 for financing by Rahn Tasjily Contract.

This study aims to analyze the influence of Islamic ethics on fraudulent behavior. In addition, this study also analyzes the moderating impact of the internal control system and work environment variables on the relationship between ethics and fraud. All variables were measured using a questionnaire instrument. By using respondents of 131 management accountant from various industries, the research uses SEM-PLS to test the proposed hypotheses. The results of the study are able to answer the three objectives, namely (1) Islamic ethics reduce fraudulent behavior of management accountants, (2) an effective internal control system strengthens the influence of Islamic ethics in reducing fraudulent behavior, (3) a conducive work environment strengthens the influence of ethics in reduce fraudulent behavior. This study complements the empirical studies of Islamic ethics for the accounting profession. The research implication for the management accounting profession is the need to consider the universal aspect of religiosity as part of the professional code of ethics. For management, this study supports the need for the design and implementation of a healthy and effective internal control system and organizational environment.

The problem of implementing the principle of revenue sharing in Indonesian Islamic banking until now has not found a bright spot. It was found that some Islamic banks closed their revenue-sharing products, especially mudharabah agreements. Related to this, in an effort to accommodate the wishes of customers/prospective customers and the interests of Islamic banks, there needs to be a theory that is considered able to bridge the interests of both parties. This paper tries to meet those demands, whereby a review of smart theory literature appears and becomes the main choice in the search for literature because this article provides a qualitative descriptive summary. This paper will also develop new concepts and theories in order to complement existing theories. The results of the analysis show that smart theory has a role in accommodating the interests of Islamic banks and customers/prospective customers, but the theory developed is still conventionally charged, so it cannot be fully applied in solving the problem of revenue sharing principles in Indonesian Islamic banking. Therefore, the new theory created is to combine smart theory with maslahat theory using several approaches such as ease aspects, aspects of supervision, religious aspects, social aspects, and methodological aspects in terms of flexibility.

Purpose – This paper aims to explore different forms and models of integration between Islamic commercial finance and social finance including the problem that arise as well as the solution of each of the models to promote inclusive economic growth. At the end of the paper, the authors have identified the strategy to execute and validate by the decision-makers. 

Design/methodology/approach – This approach uses two methods which are Delphi and analytical network process (ANP). The authors conduct literature review and four rounds Delphi to construct the integration model, the problem and solution of each model, as well as the questionnaire of ANP. Moreover, using an ANP method, the authors conducted interviews with decision-makers in the areas of Islamic commercial finance as well as social finance, and analyzed the results to identify key models that would create inclusivity and quality of economic growth. To ensure credibility of the results, the authors selected the respondents based on their experience in the fields, as well as their unique perspectives that will complement the group as a whole. 

Findings – After conducting the four rounds Delphi, the authors found five types of Islamic social and commercial integration which are the ownership, institutional, operational, bottom line and mandatory integration. Based on the analysis of the ANP result, the authors argue that all integration can help the country in attaining with the support of government in terms of making the integration as a vision as well as to push the education of social finance more to the stakeholders. 

Originality/value – This study is among the emerging studies that explore operational aspects of integration of social and commercial finance within the context of inclusive growth strategy

The social justice as stated in the fifth principle of Pancasila and welfare in accordance with Article 33 of the 1945 Constitution, has not yet been realized. There is an error in determining the ultimate goal of Indonesia's economic development. Independence is not the goal of economic development but self-confidence. The Indonesian economic system is inspired by the Pancasila and characterized by kebersamaan (mutualism), kekeluargaan (brotherhood), non-discrimination, non-exploitation, and anti-monopolism. The system portrays structuralism, cooperation, religiousness, institutionalism, non-usurious, social well-being, independence, and self-esteem. Furthermore, its values are in line with the maslahah (benefits). This exploratory study proposed a maslahah economic system for the Pancasila economic system (Pancasilanomics). It defined the research question regarding “a maslahah economic system” and developed the research design, including formulating a maslahah economic system house. The results showed that the maslahah economic system house includes the maslahah foundation, comprising divinity and caliphate, and fundamental references consisting of Pancasila and Article 33 of the 1945 Constitution. Moreover, the house includes a moral foundation comprising cooperation & participation and kekeluargaan & fair distribution, institutional consisting of cooperatives, BUMN, BUMS, and social institutions. Finally, economic objectives are social welfare and the ultimate economic goal, comprising independence and people’s self-esteem

This article aims to examine the codification of the Sunnah by focusing on studies in the 3rd and 4th centuries H, because this is an important phase of the process of bookkeeping sunnah or hadith. The compilation of hadith during the time of the Companions was not significant, because they still focused on the compilation of the Qur'an. Companions are also afraid that the verses of the Qur'an and Al-Hadith will be mixed up if they are recorded at the same time. Many of the Companions still memorized the Hadith of the Prophet, so the tradition of spreading it was in oral form. The need to immediately codify the hadith is increasingly urgent because during the Tabi'in period many fake traditions circulated, especially with political tendencies. This research is a library research with a chronologicalhistorical approach. The results of the study indicate that the codification of hadith at this time took place massively on the initiative of Caliph Umar bin Abdul Aziz of the Umawiya Dynasty and the results of its performance can still be felt today

Zakat is an element of the five pillars of Islam. Zakat also plays a very important role in taking and pleasing Muallaf to follow Islam's way of life more comfortably. Besides connecting us with God, zakat can also connect us with humans. The study of the distribution of zakat to the asnaf of the muallaf is highly emphasized because those who are new to Islam, the muallaf, require spiritual and physical assistance. The objective of this study is to identify and examine the relief given to the asnaf muallaf via the amount of zakat given to the asnaf muallaf to maintain the belief and thoughts of Islam in Kuala Terengganu. The method of this study uses descriptive and inferential statistic analyses. It aims to describe the characteristics of the variable and investigate the correlation between the amount distribution of zakat and three dependent variables namely the faith, the understanding of the Islamic Syariah and the effectiveness of zakat to asnaf muallaf. This study found that there is a significant correlation between the amount of zakah distribution with three dependent variables namely the faith, the understanding of the Islamic Syariah, and the effectiveness of zakat to asnaf muallaf. In conclusion, this study has successfully identified that the distribution of zakat to asnaf muallaf can help them increase their faith and thoughts towards Islam due to apart from help in physical form, they also need spiritual assistance.

Islamic Municipal Bonds (sukuk) is one out of fund sources that can be used by regions for financing regional development projects. However, discussion about the  Islamic Municipal Bonds issuing in Indonesia are still in the form of discourse. The aims of this study are to analyze the problem of issuing Islamic Municipal Bonds in Indonesia, and to find the best solutions and strategies for launching sukuk in Indonesia. The method that used in this research was the concept of Tawhidy String Relation (TSR) combined with the Delphi and the Analytical Network Process (ANP). The 2 (two) main problems that become obstacles and also root causes in the publishing of Islamic Municipal Bonds are low literacy of sharia and legal and regulatory barriers. The implication of this research was that sharia economic actors could improve economic and financial literacy of sharia. Meanwhile, regarding legal and regulatory issues, the government must encourage the creation of harmonization of laws and implementing regulations that provide legal certainty and accelerate the implementation of the issuance of regional sukuk in Indonesia. Finally, by publishing the Islamic Municipal Bonds, there is an increase in cross-sectoral economic activities based on sharia economics.

Islamic social finance was discussed in 2013 by IRTI-IDB as a new spirit in solving the economic problem by allocating funds for humanitarian social works by using zakah, infaq, sadaqah, waqf, qardh al-hasan, and Islamic micro-insurance and Islamic microfinance. Islamic social finance has many imperatives to solve socio-economic problems. Therefore, it is needed to study the current state of Islamic social finance research to date. Thus, the study attempts to explore the status of Islamic social finance literature using bibliometric analysis by identifying statistics number of publications year by year, influential aspects, visualization of co-occurrence of keywords, and data texts related to the topic of Islamic social finance by using VOSviewer software. The finding of the study indicated that few articles discussed Islamic social finance. The most discussion of Islamic social finance was in 2019, which tried to handle the issues of the Covid-19 pandemic. Consequently, the journals that contributed the most to the study of Islamic social finance were al-Shajarah and the International Journal of Islamic and Middle Eastern Finance and Management. IIUM and INCEIF have contributed the most in the literature related to Islamic social finance from the author's affiliation. Malaysia is the most contributing country in writing Islamic social finance literature. Furthermore, the most selected keywords of Islamic finance research are Islamic social finance, maqasid syariah, value-based intermediation, sustainable development goals, and waqf. For the most co-occurrence text data, six clusters discussed the role of Islamic social finance in Covid-19, culture and country case on Islamic social finance, sustainable development goals, ecosystem, and maqashid syari’ah

With the development of technology, it is possible to establish communication with people among countries, with the aim to offer products and services to potential customers abroad. Shuttle trade business is mushrooming among millennials, this is motivated by the desire to take a vacation to a certain destination, so courier service open up opportunities to stay efficient on vacation by performing shuttle trade activity through Whatsapp Group or Instagram. The purpose of the research is to identify challenges and solutions in performing a cross-border shuttle trade business. This study applied action research method and qualitative approaches through in-depth online interview with 30 respondents consisted of travelers, requesters, and candidates of travelers and requesters occupied in Egypt and Indonesia. The result indicates that challenges of the shuttle trade are price competition, packing, platform, and custom clearance. A final solution given is that there must be a competitive price, safety packaging, special and legal platform to perform the shuttle trade activity that can give guarantee over the unexpected situation such as damaged goods, delayed arrival of goods, and goods has not arrived.

Purpose

This study aims to formulate an index formula for mosque empowerment based on Maqashid Syariah as a measuring tool for the level of mosque empowerment.

Design/methodology/approach

This study uses a qualitative and quantitative approach (mixed method). Data collection techniques are carried out by in-depth interviews with experts consisting of academics, practitioners, scholars and regulators. The data analysis technique uses the Analytical Network Process (ANP) with Super Decision 2.10 software to construct the index model structure.

Findings

The results indicate that the mosque has a multi-field role, including in the fields of worship, social, education, politics, economy and culture. This study produces an index of mosque empowerment based on Maqashid Syariah, composed of sic criteria, namely, elements of Maqashid Syariah; protect religion, soul, mind, lineage, property and environment. The weighting results of the criteria indicate that maintaining religion is the main criterion with a weighted value of 0.209. Each of these criteria consists of five indicators. Of all indicators, environmental safety is the top priority, with a weighted value of 0.056.

Originality/value

This study is the first comprehensive study that discusses the mosque empowerment index by weighting the ANP method to produce an index of mosque empowerment based on Maqashid Syariah.

Industrial revolution 4.0 is a tough challenge for education in Indonesia. The fourth industrial revolution (4.0) is changing economies, jobs, and even society. These changes require a strong character, especially religious character, to equip the next generation with good character, high literacy skills, and superior 21stcentury competencies. They were namely being able to think critically and analytically, creatively, communicatively, and collaboratively. Rapid progress in the industrial revolution 4.0 and the global pandemic situation forces every generation to behave and adapt to the current digital world and social media. To achieve these goals and targets, and needs, it is essential that every educator has adequate competence and high militancy by providing education or training both informally and informally so that students can contribute significantly and effectively to Islamic da'wah education in this millennial era.

Methods and techniques adopted in teaching, training, learning, research, professional development, or capacity building are generally standardized across most traditional disciplines, particularly within developing countries. This is not the case, however, when it comes to the Islamic disciplines, and, in particular, in relation to the study of Islamic economics and finance, which is influenced by conventional standards and techniques. This is primarily due to the lack of availability of the requisite standards and mechanisms designed within the spirit of Maqsid al-Shari’ah. This book offers a unique resource and a comprehensive overview of the contemporary methods and smart techniques available for teaching, learning, and researching Islamic eco-finance, and it presents solutions to the challenges in implementing them. Further, the book gives deep insight into the most appropriate methodologies that could be employed empirically to explore, model, analyze, and evaluate Islamic finance theories and models, respectively. It also gives recommendations for improving learning, teaching, and research outcomes in Islamic eco-finance. The book also addresses how, in this advanced technological era, smart tools like artificial intelligence, machine learning, big data, Zoom, and the internet of things can be adapted to help equip students, researchers, and scholars with smart skills. The book will enable those studying Islamic economics and finance to grasp the appropriate tools for research and learning. Additionally, the Islamic economics and finance sector is growing at a significant rate and therefore requires the upskilling and capacity building of its human resources; thus, the book will also be highly beneficial for practitioners involved in the industry.