The aim of this study is to assess the level of accounting involvement among participants in an Islamic microfinance program, and to propose a financial accounting and recordkeeping framework for Islamic wealth management practices that can be used by clients and families, this can also give them better insight into finance and their family business. To achieve the two research objectives, the authors used Participatory Action Research (PAR) by preparing an exercise questionnaire as a research instrument for participants for four months. The study is limited to discussing the empowerment of women/mixed participants through microfinance institutions in three countries (Indonesia, Pakistan and Egypt). Institutions selected as case studies provide funds and loans to meet their living needs and run their small businesses. The total participants involved in this study were 130 participants; 68 from Indonesia, 50 from Pakistan and 12 from Egypt. Overall, participants' knowledge of accounting and finance in the three countries is quite similar which is still relatively low. Yet they show a strong interest in adopting simple wealth management practices starting with recording their business assets and cash flows. This exercise initially showed the result that 95% of the participants had no knowledge of accounting matters such as recording their finances and making their financial plans. After three months of training, participants in Indonesia (35%) actively participated and found the exercise useful. As per Pakistan, only 30% of all participants filled out the research instrument. In terms of the IMF, Akhuwat Foundation Pakistan and Bab Rizq Jameel Egypt works with more expertise and professionalism than Baitut Tamkin Tazkia Madani (BTTM) Indonesia. The first two institutions released their annual reports including financial statements that have been audited by Big- Accounting Firms. BTTM on the other hand is still audited by an internal audit firm. Based on the findings, we recommend that regulators in charge of poverty alleviation policies need to focus on basic financial education, regular accounting and wealth management training and strict field supervision to equip the lower classes.

This book addresses the theory, practices, challenges, key issues and potential future policies concerning investment and wealth management in connection with Islamic finance. There is a noted scarcity of literature on Islamic approaches towards wealth management from a jurisprudential perspective, and so this book aims to address this lacuna in available literature. It demonstrates strategies for wealth management in keeping with the Qur’an and Sunn’ah, posing questions relating to interest and investment, and proposing financial models for benefiting the poorer segments of society while simultaneously satisfying economic necessities in keeping with Islamic law. Given its breadth of scope, combining perspectives from scholars and practitioners with extensive experience in the banking and finance sector from different Islamic settings including Malaysia, Saudi Arabia, Sri Lanka, Brunei and Indonesia, this edited volume will benefit practitioners, researchers, and graduate students studying finance, economics and business management in an Islamic context.

The diverse culture of IAI   Tazkia students is a separate demand for the campus in implementing a borading school-based education program. The low sense of social sensitivity as a result of the use of gadgets in generation Z (currently at the age of high school and college) makes intolerance more visible among students. This will be a difficult thing for students studying at the IAI  Tazkia boarding school. So the campus needs to provide program content or activities that contain the values ​​of multiculturalism. The method in this study uses a qualitative description method with data collection through interviews, observation and documentation. The results of this study indicate that IAI Tazkia, especially in the Tadris Podi that the researchers studied, there are 7 programs that contain multicultural education which includes: courses on multicultural education and community development, SDS or student dynamic sessions, hidden curriculum, the academic community and the campus environment that supports education. multicultural activities in the campus area, student organizations, student appreciation programs, competitions in matriculation programs.

This study aims to examine the factors that influence corporate decision-making factors in transactions with Sharia Bank in Indonesia and recommend strategies to increase corporate customers in Islamic banking to increase their market share considering that corporate customers have large purchase power parity. This study was conducted to fill the research gap where it will be analyzed how the factors that influence the decisions of corporate customers in Indonesia in transacting with Islamic banking. The sample in this study is financial decisionmakers in corporations consisting of the CEO, CFO, Head of Finance, Vice President Finance, and GM Finance. Sampling in this study used the Slovin formula with a target sample of 394 respondents, both Muslim and non-Muslim. The results of this study indicate that in general the level of knowledge of sharia from both Muslim and non-Muslim respondents is still minimal for basic muamalah fiqh knowledge. From the results of the analysis, it was found that the variables of service quality and sharia compliance affect the reputation of Sharia Bank in Indonesia, where the reputation of Sharia Bank is the only variable that directly affects the decisions of corporate decision-makers in transactions with Sharia Bank. Meanwhile, the variables of religiosity, sharia knowledge, the role of company shareholders do not have a positive influence on the dependent variable. Finally, this study recommends the management of Sharia Bank to determine strategic steps to improve reputation as the most decisive variable for a company to transact with Sharia Bank. Reputation is enhanced by improving service quality and sharia compliance

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