UIN (Universitas Islam Negeri) Sunan Kalijaga, Yogyakarta: E-Journal Fakultas Ekonomi dan Bisnis Islam
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Presenting a Smart Sukuk Model for Islamic Microfinance Institutions in Bangladesh: Towards Achieving SDGs
Get PDFThe Islamic bonds and debts, according to Islamic Shariah, are referred to as Sukuk, which provides cheaper and interest-free funding options for businesses and lower-risk bonds for individual investors. This study aims to present a novel fintech-based (Smart) SRI Sukuk model that can be useful for Islamic microfinance institutions (IMFIs) of Bangladesh in managing the source of funds. This study adopted a systematic literature review approach to assess the benefits of using Smart SRI Sukuk for IMFIs. In addition, 15 experts on Islamic finance were interviewed to determine the best possible ways to integrate technology into the SRI Sukuk model. The outcomes of this study have confirmed the effectiveness of using a blockchain and smart contract-based SRI Sukuk for managing the source funds of Islamic microfinance institutions in Bangladesh. The Smart SRI Sukuk can be immensely beneficial for IMFIs that always find it difficult to arrange the source funds and manage those in an efficient manner. This study also focuses on emancipating the poor from the vicious cycle of poverty through implementing Islamic microfinance system, and thus contributing to achieving the sustainable development goals (SDGs). Future researchers and experts in Islamic finance will also find the ideas presented in this research helpful
The Effect of Internal Bank Aspects to Sharia Bank Performance with Financing Risk as Mediator
Get PDFThis study aims to examine the factors that affect financing risk and its influence on the financial performance (profit) of Islamic banking in Indonesia. The study includes an overview of internal conditions including capital elements and bank operating costs. This study uses a quantitative method with a path analysis approach. The object of study is Islamic general banking in Indonesia which is registered with the Financial Services Authority (OJK) for the 2019-2023 period. The sampling technique uses the purposive sampling technique with a total sample of 9 Islamic commercial banks in Indonesia. The results of this study show that CAR has a significant effect on NPF, OER does not have a significant effect on NPF, directly CAR and NPF do not have a significant effect on ROA, directly OER has a significant effect on ROA, indirectly through NPF, CAR and OER do not have a significant effect on ROA. The results of this study conclude that Islamic public banks in Indonesia must be able to efficiently manage capital reserves and company operating costs. This aims to maintain the stability of banking performance and ensure that Islamic banks can mitigate the level of risk that occurs in banking operational activities
Economic Recovery Strategy: The Role of MSMEs Credit Access and Optimization of Regional Fiscal Stimulus in Islamic Economics Framework
Get PDFThis paper aims to analyze the determinants of economic recovery in North Sumatra using district-based panel data from 2020-2022 using the Random Effect Model. Several variables derived from the implications of fiscal and monetary policies such as MSME credit access, inflation, the effectiveness of income spending, poverty, unemployment rate, and human development index were used to analyze economic recovery as proxied by GRDP per capita. Our findings indicated that the position of MSMEs\u27 credit and relative poverty have a significant positive effect on economic recovery in North Sumatra. Conversely, the unemployment rate and human development index have a significant negative effect on economic recovery in North Sumatra. Inflation and the effectiveness of income spending have an insignificant effect on economic recovery in North Sumatra. These findings recommend that the government and the central bank should support increased access to MSME credit in terms of regulations, the availability of bank financial institutions, and allocations. In addition, it is crucial to maintain the effectiveness and increase indirect budget allocations for social fund posts that can be integrated with Islamic Social Funds such as Zakat, Infaq, and Shadaqah to address poverty and unemployment challenges to improve the community’s quality of life and accelerate economic recovery in North Sumatra
Pemanfaatan Media Sosial Instagram Sebagai Sarana Pengenalan Akad Ijarah
No full textSewa-menyewa atau bisa disebut dengan ijarah merupakan salah satu produk yang ditawarkan kepada masyarakat, dalam hal ini ijarah atau sewa-menyewa termasuk ke dalam ruang lingkup muamalah, jadi pada ijarah ini yang biasanya ditawarkan kepada masyarakat didasarkan kepada sebuah perjanjian (akad). Akad ijarah merupakan akad perpindahan hak guna atau suatu barang dan jasa melalui upah sewa, tanpa diikuti dengan adanya perpindahan kepemilikan atas barang itu sendiri. Penerapan akad ijarah dalam urusan bisnis berupa sewa tanah, gedung, jasa, dan lain-lain. Dalam urusan bisnis juga sering muncul permasalahan dalam akad ijarah. Metode yang digunakan dalam pengabdian ini adalah sosialisasi dengan cara penyampaian materi-materi dengan cara mengunggah di Instagram dan diskusi dalam bentuk sesi tanya jawab. Tujuan kegiatan pengabdian masyarakat ini memberikan pengenalan tentang akad ijarah kepada khalayak umum di sosial media. Dengan harapan banyak orang bisa memahami akad ijarah menurut hukum Islam
Strategi Pemasaran Asuransi Syariah dengan Teknologi Media Sosial Instagram
Get PDFThis research departs from the idea that the development of information technology has had an impact on people’s lives and spurred the advancement of new ways of life in the digital era. Social media is present as a fast way of promotion (marketing) because it facilitates getting information and interacting easily, the right marketing strategy to achieve marketing goals. Public awareness about the future is still low, if you look at the future, the role of insurance is very important for the community, such as anticipating unexpected events. Islamic insurance is here to support people’s lives. This study aims to determine the marketing strategy carried out through Instagram social media. This study uses a descriptive approach that is connected directly through social media, the data source obtained from previous research studies. Based on the results of the study it can be concluded that social media is often used to market products, one of which is sharia insurance, with a product introduction marketing strategy through social media
Company Attractiveness, Corporate Reputation, and Recruitment Websites as Determinants of Job Application Intentions (Case Study of Islamic Banking Study Program Students)
Get PDFResearch Aims: The research aims to examine and analyze the influence of company attractiveness, company reputation and recruitment website on job application intentions in the sharia banking industry.
Methodology: The respondents were sharia banking students in Yogyakarta, with a sampling technique using purposive sampling with a total sample of 145 respondents. The analysis tool used is WarpPLS 7.0.
Research Findings: The results of the research show that company attractiveness has a positive and significant effect on intention to apply, company reputation and recruitment website do not have a significant effect on intention to apply for work and recruitment websites are proven to be able to moderate the influence of company attractiveness and company reputation on job application intentions.
Theoretical Contribution: The research findings identify the factors that serve as strengths, making them attractive to potential applicants based on the Theory of Reasoned Action.
Research limitation and implication: Islamic banks in Indonesia should pay closer attention to company attractiveness, particularly regarding the value that potential employees will gain. Similarly, regarding corporate reputation, Islamic banks must continue to maintain their well-established reputation among employees and the surrounding community
Exploring Education Zakat across Various States in Malaysia and its Determinants
Get PDFBackground: Zakat is an important Islamic financial tool that contributes to socioeconomic development, including education, by redistributing wealth to those in need. In Malaysia, state governments manage zakat collection and distribution, with significant variation across states in how education zakat is handled.
Objectives: This study aims to compare the distribution and impact of education zakat across different Malaysian states, focusing on zakat office in Higher Education Institutions (HEIs) and other factors that influence education zakat effects.
Novelty: This study offers a unique contribution by comparing education zakat across states in Malaysia and examining the determinants that lead to effective education zakat outcomes, with a special focus on zakat office in HEIs.
Research Methodology / Design: A qualitative research methodology is employed, combining library research on zakat practices across states with unstructured interviews from officials at zakat offices in HEIs. The fi sabilillah category is used as the best proxy for education zakat to isolate zakat given due to poverty reasons.
Findings: The results indicate significant disparities in zakat allocation for education across Malaysian states. For instance, Sarawak allocated the highest percentage of zakat for education, while Selangor allocated the lowest. Factors influencing these differences include availability of wide range of zakat schemes, the extension of asnaf categories, and student perceptions of zakat management systems.
Implication: Findings suggest that diverse zakat scheme, broader asnaf categories, and positive perception among students on zakat management in HEIs could enhance the impact of education zakat. States with higher allocation for education zakat has the potential to enjoy improved educational outcomes. Encouraging other states to adopt good practices, including those seen in HEIs, can help enhance the impact of education zakat, leading to more efficient resource allocation and greater educational equity across Malaysia
The Influence of Provincial Minimum Wage, Human Development Index, Illiteracy Rate, and Unemployment Rate on Poverty
Get PDFThis research aims to examine the influence of Provincial Minimum Wage (UMP), Human Development Index (HDI), Literacy Rate (AMH), and the unemployment rate on the poverty level in Java Island. The observation in this study was conducted using data from 2018 to 2020 accessed through the Central Statistics Agency. Multiple linear regression analysis was chosen as the data analysis technique in this research, and the SPSS software supported the data analysis steps. The results of this study indicate that the Provincial Minimum Wage, Human Development Index, and unemployment rate have a significant influence on the poverty level of Java Island. However, the Literacy Rate shows results that tend to have no significant impac
Optimasi Biaya Distribusi Tahu pada Pabrik Tahu Dompyong Wetan menggunakan Metode NWC Dan Stepping Stone
Get PDFPabrik tahu di Dompyong Wetan Kabupaten Cirebon Jawa Barat adalah UMKM yang mendistribusikan tahunya dari dua gudang penyimpanan ke empat pasar di sekitarnya. Pada awalnya pabrik ini belum memiliki model transportasi yang diterapkan dalam pengiriman tahunya ke pasar-pasar tujuan. Tujuan dalam penelitian ini adalah mengetahui biaya yang paling minimum yang dapat diterapkan untuk mendistribusikan tahu dari gudang ke pasar tujuan. Sebelum dilakukan penelitian optimasi biaya transportasi, pabrik ini mengeluarkan biaya sebesar Rp. 202.500/ hari. Maka, untuk mencari biaya minimumnya dilakukanlah penelitian ini yang dalam penyelesaiannya menggunakan model transportasi. Pertama, dengan metode North West Corner (NWC) pada tahap awal untuk menentukan solusi fisibel. Setelah itu, dilanjut dengan metode Stepping Stone dalam optimalisasi hasil akhirnya. Perhitungan dalam penelitian ini dilakukan dengan cara manual dan memanfaatkan software POM QM for windows v.5.2 untuk menguji validasi perhitungan manualnya. Didapatkan hasil analisa akhir untuk optimalisasi biaya yaitu sebesar Rp. 196.000/hari, yang menghemat pengeluaran biaya transportasi sebesar Rp. 6.500/hari
Pengaruh Aspek-Aspek Demokrasi Indonesia Terhadap Pertumbuhan Ekonomi di Indonesia Periode 2016-2020
Get PDFThis research aims to find out how aspects of democracy presented through civil liberties, political rights, and democratic institutions influence Indonesia\u27s economic growth from 2016 to 2020. The Central Statistics Agency (BPS) provided the data and researchers used secondary data for this research from 2016 to 2022. The random effect model (REM) is the model selection test most commonly found in this research approach, which uses panel data regression analysis tools. It was found that variables related to democratic institutions positively and significantly influence economic growth. However, civil liberties and political rights did not affect Indonesia\u27s economic growth from 2016 to 2020