Acceleration of Islamic banking in Indonesia is still slowed down so the target of Islamic banking Market Share of 5% has not been met. One factor that into the size of the increase in the Market Share of Islamic banking is the amount of financing (Murabaha) provided by Islamic banks. The purpose of this study is to examine the annuity and proportionate pattern in Murabaha financing and its impact on the achievement of the target Market Share of Islamic banks the period January 2001 - March 2015 resulting in a range of markup and the Down Payment (DP) policy which is ideal for the financing pattern annuity and proportionate in Murabaha Islamic banking in achieving Market Share targets. The analytical method used is the simulation of Murabaha financing. The results shows that the financing annuity and proportionate pattern in Murabaha Islamic banking with a mark-up consumer credit rate and DP 10% experienced an upward trend although the increase is still volatile from 2001 to 2015. The financing annuity and proportionately pattern significant in realizing the target achievement banking Market Share sharia 5%. This is due to the increase in total profit and total assets of Islamic banking due to the percentage mark up consumer credit rate more than 10% DP, Acceleration of Islamic banking in Indonesia is still slowed down so the target of Islamic banking Market Share of 5% has not been met. One factor that into the size of the increase in the Market Share of Islamic banking is the amount of financing (Murabaha) provided by Islamic banks. The purpose of this study is to examine the annuity and proportionate pattern in Murabaha financing and its impact on the achievement of the target Market Share of Islamic banks the period January 2001 - March 2015 resulting in a range of markup and the Down Payment (DP) policy which is ideal for the financing pattern annuity and proportionate in Murabaha Islamic banking in achieving Market Share targets. The analytical method used is the simulation of Murabaha financing. The results shows that the financing annuity and proportionate pattern in Murabaha Islamic banking with a mark-up consumer credit rate and DP 10% experienced an upward trend although the increase is still volatile from 2001 to 2015. The financing annuity and proportionately pattern significant in realizing the target achievement banking Market Share sharia 5%. This is due to the increase in total profit and total assets of Islamic banking due to the percentage mark up consumer credit rate more than 10% DP]

The plan of the Indonesian government that wants to make Indonesia the center of the world's Islamic economy and finance must be supported by all stakeholders. Therefore, as one of the vital elements in the Islamic financial ecosystem, Islamic banks need to have an excellent performance to increase the trust of the national and international community. In addition, Islamic banks with different operational principles from conventional banks should have different performance measurements compared to performance measurements from conventional banks. The purpose of this study is to analyze the factors that can potentially affect the Islamic Performance Ratio (IPR). These factors include independent variables consisting of financing, the distribution ratio (Financing to Deposit Ratio-FDR), labor cost ratio (LCR), promotion cost ratio (PCR), financing quality ratio (Non-Performing Financing-NPF), ratio distribution of financing to micro, small and medium enterprises (MSMEs) and Return on Assets (ROA). Furthermore, to determine the relationship between financial performance indicators in

Tujuan penelitian yaitu mengembangkan model inovasi financial technology Fintech Micro BMT (FIT) lembaga keuangan mikro syariah Baitul Maal wa Tamwil (BMT) skala APEX asosiasi. Penelitian menggunakan metode kualitatif dengan teknik analisis deskriptif. Data yang digunakan adalah data primer dari wawancara dan data sekunder dari studi literatur. Analisis inovasi model dilakukan menggunakan kerangka kerja Business Model Canvas, digambarkan dalam prototipe dasar aplikasi dan fitur skema bisnis, kemudian dilengkapi dengan penjelasan sistem akuntansi pelaporan keuangan sederhana BMT dan UMKM, serta model credit scoring. Hasil dari penelitian ini yaitu suatu model Fintech Micro BMT yang memaksimalkan utilitas fungsi komersial BMT (memperluas market share) dan sosial (ZISWAF), mengatasi masalah kesenjangan likuiditas (mismatch). Kedua fungsi tersebut didukung dengan manajemen bisnis dan pelaporan akuntansi serta model credit scoring yang profesional. Fintech Micro BMT juga mewujudkan misi triple bottom line BMT yaitu pengembangan ekonomi, pemberdayaan masyarakat, dan dakwah untuk dapat berkelanjutan. Penggunaan Fintech Micro BMT diharapkan dapat membantu BMT meningkatkan perannya dalam memperluas jaringan keuangan mikro syariah, mendorong kolaborasi antar BMT di Indonesia, meningkatkan volume transaksi keuangan BMT dan mengintegrasikan para pelaku UMKM sebagai penerima pembiayaan dan donatur ZISWAF dengan BMT, mendorong pasar lebih transparan, serta mengurangi risiko asimetri informasi dalam proses pemberian pembiayaan.

The purpose of this research was to examine the effectiveness of the distribution of zakat funds at Baitul Maal Tazkia.  The method used is Mixed Method (qualitative and quantitative), which primary data is generated from the observations, direct documentation, interviews with the Chairman or Staff of Baitul Māl Tazkia, and secondary data is from literature studies related to the topic.  The quantitative method that uses the 10th Zakat Core Principle measurement ratio is DCR (Disbursement Collection Ratio). Based on ZCP, the effectiveness of Baitul Maal Tazkia's distribution of zakat funds for 4 years of operation is 55% or is included in the Fairly Effective category (quite effective) where the Disbursement Collection Ratio (DCR) reaches 50-69 percent, with the amount collected during the 2017 to 2017 period.  2020 amounting to Rp 4,536,153,278.  The distribution amount for 2017 to 2020 is IDR 2,472,687,990

Islamic wealth management is one of the new emerging financial service industries that attract many wealthy people to trust their assets managed in accordance with Islamic values and principles. Islamic wealth management is distinct from the conventional conception of wealth management from the philosophical foundation. Therefore, Islamic wealth management’s philosophical foundation is fundamental to understanding wealth management from the Islamic perspective. The paper aims to redefine the contemporary concept of wealth management from an Islamic perspective derived from the Qur’anic perspective. The finding shows that Islamic conception of wealth management from Qur’anic framework is very comprehensive that cover all philosophical foundation; ontology, epistemology, and axiology. The Islamic wealth management process contends three aspects: (1) wealth creation, (2) spending

The Micro and Small Enterprises (MSEs) market share is expected to increase with the halal certification of their products and services. However, MSEs have limited resources. In response, the Government introduced a self-declare halal certification program in 2022. From the total number of MSEs, which reached 8.7 million units as of March 2023, only about 79 thousand have self-declare halal certificates. Therefore, this study aims to analyze internal and external factors that influence the interest of  MSEs towards halal certification through a self-declare scheme. The study involves 86 MSEs respondents from Bogor, West Java. Using Partially Least Square (PLS) with a second-order approach. The findings reveal that internal factors marginally affect MSE's interest to pursue self-declare halal certification. The three strongest indicators of internal factors are: (1) improving human resource performance, (2) increasing efficiency and financial returns, and (3) awareness of religiosity. Interestingly, external factors do not influence the interest of MSEs to obtain self-declare halal certification, except for government policy, which significantly impact the intention in the first-order test. The main implication of this research is the importance of more substantial government support to help MSEs obtaining halal certification such as socialization, training as well as mentoring Halal Self Declare Certification at an affordable cost.

The market mechanism is the tendency for supply and demand to equilibrate (i.e., prices move to the market-clearing level), so that there is neither excess demand, nor excess supply, as introduced by Adam Smith (1729-1790) and later developed by the classical economists. In the literature of the history of Islamic economic thought, there have been many studies related to the issue of market mechanisms. Al-Ghazāli and Ibn Taimiyah argued that prices can influence the quantity demanded and supplied. Yahya bin Umar (828-901 AD) also discussed market mechanisms in his book Ahkām Assūq, which is the earliest work examining economic thought on hisbah. Therefore, this study aims to understand the market mechanism according to Yahya bin Umar's views as presented in his work Ahkām Assūq. The research methodology employed is a qualitative approach using literature review and content analysis. The findings of this study state that Yahya bin Umar's perspective on the market mechanism is the process of the intersection between demand and supply, which then determines the prices and volume of desired goods through the decree of Allah Swt.

The main objective of this paper is to analyse determinants that influence implementation of accounting standards for Islamic financial institutions by examining the history of accounting standards and two different contexts as applied to Islamic financial institutions in the United Kingdom and Indonesia. The paper explores available texts and literature mainly from international journals and text books. Employing the Ibn Khaldun perspective, this study analyses two determinants i.e. institutional setting that may be suitable in the context of the United Kingdom, and accounting needs in the case of Indonesia. The research shows the determinants are well fitted with interdisciplinary characters of Ibn Khaldun model of civilization i.e. G = f(S, N, W, j and g). This explains a civilized society is led by the political authority (G) which is influenced concurrently by factors such as the direction of Shari’ah (S), the role of people (N), the use of wealth (W), the development of a country (g), and the promotion of justice (j). This paper has practical significance for accounting standard setters in the Islamic finance industry and policy makers, for understanding the environmental determinant perspective of the country and using this perspective for positioning important aspect in accounting standard setting, developing policies; and articulating procedures to maximize development of Islamic finance.

Perbankan syariah adalah institusi yang memberikan layanan kepada masyarakat baik melalui penghimpunan dana (pelaburan), penyaluran dana (pembiayaan) dan jasa layanan perbankan lainnya yang berdasarkan syariat Islam. Dalam menyalurkan dana, produk yang ditawarkan adalah akad dengan skim qard dan ijarah. Makalah ini bertumpu kepada akad qard dan ijarah yang dijalankan oleh institusi perbankan syariah di Indonesia dalam dana talangan haji. Dana talangan haji ini bersumber dari fatwa Dewan Syariah Nasional (DSN) Majelis Ulama Indonesia (MUI) No. 29/DSN-MUI/VI/2002 yang didasarkan kepada al-Quran. Fatwa tersebut menuai perbedaan pendapat dari banyak ulama sekarang. Hasil kajian dijangka dapat menghasilkan kerangka konseptual berkaitan kesesuaian antara akad qardh dan ijarah yang difatwakan oleh DSN MUI dengan pendapat para ulama baik ulama klasik maupun ulama kontemporer.

This research attempts to examine whether organizational commitment mediate the relationship between budgetary participation and managerial performance (indirect relationships), and examines the existence of code of ethics as control variable both in direct and indirect relstionship between budgetary participation and managerial performance in Indonesian Sharia Banking Industry. A path analysis is used to examine the direct and indirect effects of budgetary participation on managerial performance. There is a direct relationship between budgetary participation and managerial performance, but not supported code of ethics as control variable. Budgetary participation affects organizational commitment. There is no relationship between organizational commitment and managerial performance so indirect relationship between budgetary participation and managerial perfomance through organizational commitment is not supported. This research only involved one moderating variable, organizational commitment, when other researchs could bring another moderating variables to examine indirect relationship between budgetary participation and managerial performance. Budgetary participation improves managerial performance in Indonesia Sharia Banking directly as a consequence of management involvement in the budgetary process

The purpose of this study was to determine the extent of the impact of Covid-19 on the macroeconomic indicators and financial performance of Islamic banks in Indonesia. The results of this study may serve as a reference for the Indonesian government and Islamic banks’ stakeholders in formulating strategic decisions in creating innovative solutions during the Covid-19 pandemic. Quantitative research method with 2 approaches, namely Partial Least Square-Structural Equation Modeling (PLS-SEM) and Artificial Neural Networks (ANN) was selected for this study. This study demonstrated that macroeconomic indicators were significantly affected by the Covid-19 pandemic. However, the results of the ANN and PLS-SEM models varied. The PLS-SEM model illustrated the impact of the Covid-19 pandemic affecting the performance of Islamic banking, while the ANN model did not. This research has implications for stakeholders, especially the government to maintain macroeconomic stability, while for Islamic banking management to focus more on product innovation and service excellence so that it can be closer to the public, especially Muslims community. Numerous studies examining macroeconomics and the financial performance of Islamic banking have been conducted. This study aimed to offer an alternative perspective by using two models, namely PLS-SEM and ANN.

This community service aims to socialize future business and career opportunities in the halal industry and digital economy to 12th grade high school students at 5 Islamic schools spread across 3 districts in West Sumatra Province. In addition, this activity also aims to socialize the Tazkia Islamic Institute. This activity was carried out in the form of an offline seminar at the five schools.

his unique book discovers a new dimension in the study of strategic and performance management in Islamic Business studies. It addresses the missing link of spirituality from modern-day organizational structure in the presence of high-tech pressure in all areas of human endeavours. The authors propose an integrated study of Islamic business approach to strategic and performance management systems to achieve sustainable organizational performance. The book explores employees’ wellbeing and organizations’ perceiving work environment as a spiritual pathway to cultivate values in Islamic business ecosystem to sustain humanity. It is all about care, empathy, and sustenance of others, about truthfulness and management being truthful to themselves and others and endeavouring to live their values more effusively while performing their work. The book stresses the impact of spirituality in performance management, concluding that for any organization to run efficiently, spirituality is the core component to attain happiness, contentment, and success.

Replicating and benchmarking are important step in applying indesing strategy whereas method used to measure performance of replicating index to its benchmark as tracking error, error tracking defined as volaitility of difference of return between replicating index to its benchmark. This research study applying of method of tracking error at JII return and IHSG return. Used data coming from daily closing data,weekly, early final, and final monthly at Jakarta Stock Exchange of January 2001 till December 2003, the value of tracking error are deviate which the value of tracking error 

Otoritas Jasa Keuangan (OJK) found that the poor and low income people were reluctant to join as insurance participants. OJK has conducted many socialization activities about microinsurance for low-income people which aimed to increase their literacy of insurance. SMES (Sederhana – Mudah – Ekonomis – Segera) services aim to increase insurance inclusion. The study aims to propose a model of value-based service on microtakaful. The service refers to SMES (Sederhana – Mudah – Ekonomis – Segera) and Maslahah Performa value. SMES value to explain the value expected by takaful participants. Maslahah performa to explain the fulfillment of needs to sharia demands by takaful operator. The SMES variable is developed into various sub variables according to SEOJK. Maslahah performa is elaborated to get worship orientation variables and internal process orientation which then be developed into various sub variables. The subvariable weight is determined according to the importance level of each sub variable. The research finds that a value-based microtakaful service model can be derived from the SMES approach and maslahah performa. There is a linkage between the value-based microtakaful service according to participant expectation and spirituality and sustainability. The reasearch will contribute to increase literacy of microinsurance

Corporate disclosure has been one of major areas discussed in accounting research. It is a tool to discharge a company’s accountability and transparency. Basically, corporate information and disclosure is used to diminish the conflict of interests among stakeholders. The most accessible source providing corporate information and disclosure is published annual report. Having particular nature and objective, Islamic banking is one sector that has been growing fast in the global financial industry. Islamic bank is a making profit institution which must be in li ne with Shariah compliance (Islamic requirements) and has social orientation as the prime consideration. Examining 18 Islamic banks in 10 countries, this paper attempts to explore the social disclosure extent provided by Islamic banks. The data is analysed using content analysis and correlation. This study supported the previous theory that Disclosure correlates with country values regarding transparency. Unexpectedly, Disclosure has a negative correlation with Human Development Index. Although the correlation value is relatively low, it can be concluded that Disclosure has a positive correlation with the percentage of the moslem in the country. This study has provided some interesting insights into cultural influences on accounting practices. Last but not least, this study found the themes disclosed comprehensively in the annual reports. Those themes are zakah, employee right, and other community involvement.

The study aims at discussing the approach toward Shari'ah non-compliance transactions in Islamic financial institutions (IFIs). The Hanafi's approach in dealing with invalid contracts is employed. The study reveals that defects in contracts requires either re-execution or rectification. Based on the Hanafi's approach, not every defect in contracts calls for re-execution and purification. Some defects need only rectification. Once the necessary amendments have been made, the contract is valid and the legal effect is then operative. Moreover, not all Shariah non-compliant transactions is to be purified by way of channeling it to charity. There are also possible instances whereby the proceeds generated need to be returned to the original owner. The study provides a new approach to IFIs in dealing with Shari'ah non-compliant transactions and gives clear insight on how the defects in contracts are to be treated. The finding of the study is valuable for regulators in formulating the appropriate methodology on how to treat Shari'ah non-compliant transactions in IFIs.

Agriculture is important sector to fill the basic need of human: food. It will increase as the increasing of population. In this researh, IoT that was powered by solar power was successfully implemented to hydroponic system. The IoT controlled the parameter and solar panel power in the hydroponic system effectively where the solar panel generated power up to 2.5 kW during the day and it was used for powering greenhouse that need about 477 W power. Research was conducted by comparing productivity of conventional farming to hydroponic smart farming. The physical properties of plants from species of Ipomea aquatica, Brassica chinensi, Lactuca sativa, and Brassica rapa that were cultivated in smart farming and conventional farming were measured and analyzed. It was revealed that the height of Ipomoea aquatica was 52.63 cm in smart farming, whereas the height was 42.66 cm in conventional farming. The average height and weight of the plants and the number of leaves lead to the fact that smart farming results in higher productivity than other method because of optimum nutrition in smart farming.

Clean water is a basic need for all living things, one of which is humans. Humans need water to be able to carry out all their activities in life. Pondok Pesantren Nurussa'adatain NW, Gonjong is a boarding school located in Kopang District, Central Lombok Regency, West Nusa Tenggara. The problem experienced in this cottage is that there is not enough access to clean water. This is due to the lack of electrical power in this Islamic boarding school to start the water pump machine. Thus, the activities carried out by both students and female students as well as boarding school administrators cannot run smoothly. The solution to this problem is the presence of additional electricity generated using renewable technology, solar panels. The purpose of this community service is to overcome the problem of the lack of electricity in the pesantren so that the water pump that is owned can run again and can provide clean water needs in the pesantren

Penelitian ini bertujuan untuk mengetehaui faktor-faktor yang mempengaruhi investor untuk berinvestasi pada crowdfunding basis pinjaman/crowdlending di Gandengtangan.com. Metode penelitian yang digunakan pada penelitian ini menggunakan pendekatan kuantitatif. Pendekatan kuantitatif dilakukan dengan menganalisis faktor-faktor yang mempengaruhi keputusan investasi pada crowdlending. Kerangka konseptual dikembangkan dan studi dilakukan terhadap 100 investor dari Gandengtangan.com. Hasil penelitian kuantitatif menunjukkan bahwa faktor-faktor yang mempengaruhi keputusan investor adalah inovasi proyek usaha, spesifikasi proyek usaha, dorongan berkontribusi dan koneksi/kedekatan personal. Penelitian ini juga memberikan gambaran mengenai fenomena crowdfunding di Indonesia.