UIN (Universitas Islam Negeri) Sunan Kalijaga, Yogyakarta: E-Journal Fakultas Ekonomi dan Bisnis Islam
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Determinan Peningkatan Urbanisasi Di Negara-Negara ASEAN
The inevitable phenomenon of urbanization will have a bad impact if it is not balanced with wise policies that cause inequality in welfare between villages and cities, especially in developing countries. This study aims to measure and explain the relationship between the minimum wage, job opportunities, education, and economic growth to increase urbanization. The population in this study is from ASEAN countries, with a sample size of 8 countries: Indonesia, Malaysia, Thailand, Vietnam, Cambodia, Laos, Myanmar, and the Philippines. This study uses panel data processed with the Fixed Effect Model (FEM) approach. The study\u27s findings show that any increase in minimum wage, employment opportunities, and economic growth will encourage an increase in urbanization, whereas education has no significant effect on the increase in urbanization in ASEAN countries. This needs to be done equally in the development of villages and cities by the government so that there is no gap in wages and job opportunities that can increase urbanization, causing problems of population density, increased crime, slums, and high carbon emissions in urban areas
The Role of Social Media in Online Marketing of Halal Products
This study undertakes a descriptive analysis focused on elucidating the pivotal role of social media in the realm of online business marketing. The primary goal is to furnish valuable insights and practical guidance for internet users engaging in the marketing of their online businesses through the utilization of social media platforms. The chosen research methodology for this study is descriptive qualitative. This method is particularly well-suited for accommodating the myriad influences on value patterns, presenting data in the form of words and image. The findings of this research endeavor are anticipated to offer a nuanced understanding of the dynamics at play, shedding light on the various dimensions of leveraging social media effectively for halal online business marketing. Ultimately, the study aspires to equip halal business practitioners with actionable insights to enhance their online marketing endeavors in the ever-evolving landscape of social medi
Sharia Mutual Funds
One of the economic activities, namely investment, is currently in great demand by people in developed countries and has now expanded to developing countries such as Indonesia. Investment is actually the activity of placing a number of funds with the intention of getting profits in the future. Investment can also be interpreted as a form of delaying the expenditure of assets for current consumption activities, to then be used for the benefit of effective and efficient production activities and within the desired deadline. So that with this delay, someone is expected to get benefits that can improve the quality and degree of his life. Until now, Islamic finance stakeholders in Indonesia have intensively disseminated types of sharia-based investments, both government and private parties. One of them is Sharia mutual funds. Just like other types of investment, we cannot directly buy this instrument without knowing clearly how the process works. Even some people must still be wondering, what\u27s the difference with conventional mutual funds? How about growth in value? For more complete information about Islamic mutual fund investments, this research will explain
Unveiling Waqf’s Role and Impact on Society Welfare: Deep Study from Indonesia
Background: Waqf plays an important role in the social life of the people and the Muslim community(Suryana, Ikram & Agustina, 2020) especially in the efforts to combat the poverty because of the scarcity of jobs and. Waqf which success in the history of Islam proves that Islam is able to provide solutions to social security and welfare to its adherents. Waqf in Islamic history is not only a pillar of the welfare of society or individuals, more than that waqf have become a pillar of the nation\u27s economy in building the infrastructure, economy and durability.
Objectives: This study analyzes the waqf’s role and impact on society welfare throughout world history and makes a deep study from Indonesia
Novelty: Waqf’s role and impact are proven in building three major aspects of human life: economy, knowledge and human resources.
Research Methodology / Design: Using triangulation method to increase the credibility and validity of the results by cross-verifying data from different sources or approaches.
Findings: We find that waqf’s role and impact always develop from era to era. Waqf’s role in Indonesia has existed since Sultanate era. Masjid, pesantren and university are the most prominent institutions in developing waqf as a tool to enhance society welfare in modern era
Implication: Based on the research, this research implications for waqf in unveiling waqf’s role and impact more specific and accurate can be consideration to make waqf as an important tool to enhance micro and macro aspects
How Sukuk Contibutes to SDG\u27s-9 “Industry, Innovation and Infrastruktur” In Indonesia: Opportunities & Challenges: Islamic Finance, sukuk, Sdgs
Background: The need for infrastructure spending in Indonesia is estimated to reach IDR 6,421 trillion or 6.08% of GDP to achieve medium economic growth in 2020-2024. However, the realization of spending only reached 3.46% of GDP, indicating a large gap in infrastructure financing. Alternative funding sources are needed to support national development.
Objectives: This study explores the contribution of sukuk to the achievement of SDG 9, focusing on the opportunities and challenges of its management, as well as optimization strategies for the government and corporations.
Novelty: This study fills the literature gap by linking sukuk to SDG 9, expanding the discourse from the financial aspect to the contribution to sustainable development. These findings are expected to contribute to the ongoing debate on the effectiveness of Islamic finance in supporting sustainable development.
Research Methodology / Design: Using a descriptive qualitative approach, this study analyzes secondary data from the literature related to sukuk in Indonesia. The data is analyzed descriptively to present facts and findings objectively.
Findings: Sukuk contributes significantly to the development of quality infrastructure and supports inclusive industrialization by providing access to finance. Based on the analysis, the opportunities for sukuk to achieve SDG 9 are the growth of the sharia economy (especially sharia finance), investor interest in Indonesian sukuk, the large population of Indonesian Muslims, supporting infrastructure development programs. In addition, there are also challenges that need to be faced such as credit risk, limited information on the sharia capital market, lack of understanding of issuers, investors and the public about sukuk, limited traded instruments, and liquidity risk.
Implication: This study highlights theoretical implications by expanding the understanding of the role of Islamic finance in achieving sustainable development goals. Practically, this study provides insight for policy makers and corporate managers on how to utilize sukuk for sustainable industrial and infrastructure development. Recommendations include improving the regulatory framework, increasing awareness of sukuk, and encouraging an environment that supports the issuance and management of sukuk
The Role of Intellectual Capital in Mediating the Impact of Knowledge Management and Innovation in the Halal Batik Industry of Yogyakarta
This study aims to investigate the role of intellectual capital in mediating the impact of knowledge management and motivation on halal small and medium-sized enterprises (SMEs) in the batik industry in Yogyakarta. Research on the mediating role of intellectual capital is still relatively novel in Indonesia. The study of the batik industry is particularly compelling, given that batik is an intangible asset recognized as UNESCO\u27s cultural heritage. However, there is a noticeable decline in export value year by year. By focusing on halal batik SMEs, this study explores how halal certification can enhance these businesses\u27 market appeal and export potential. The initial step of this research involves collecting data related to the research variables by distributing questionnaires to batik entrepreneurs in Yogyakarta. Subsequently, tests are conducted using PLS to analyze the results, examining the role of intellectual capital in mediating the impact of knowledge management and motivation on halal SMEs in the batik industry in Yogyakarta. The findings provide insights into how intellectual capital can influence the sustainability and growth of batik enterprises, offering strategies to counteract the declining export values and enhance the overall performance of these culturally significant businesses.
Originality/Value: Unlike prior research, which focuses on global views and big industry, this study provides valuable insights for halal SMEs, particularly in the batik industry. The findings aim to elucidate how intellectual capital impacts the sustainability and growth of halal batik enterprises. It seeks to offer strategies to mitigate declining export values and enhance the overall performance of these culturally significant businesses, with a particular emphasis on leveraging the opportunities presented by halal certification
Analysis of Fiscal and Monetary Policies on Investment and Capital Markets in Indonesia
Government investment is important to increase the rate of economic growth. Many benefits will be achieved if the investment made by the government is successful. From this discussion, we are interested in discussing government investment. The research method you use is qualitative with a regression analysis method to analyze the relationship between fiscal and monetary policy with investment and the capital market. The result of the discussion is that infrastructure investment is the most relevant thing that the government can invest in, because this investment is useful for encouraging economic growth, improving the quality of life, attracting private investment, can create jobs, and is the government\u27s own responsibility for the development and welfare of the people
Indeks Zakat Nasional (IZN) sebagai Basis Indeks Kelembagaan Zakat di Baznas Provinsi D.I. Yogyakarta
Indonesia is a country with the largest Muslim population in the world. So that the zakat instrument is believed to be a solution to reduce poverty and create prosperity. This study aims to analyze and determine the National Zakat Index (IZN) as the basis for the institutional index of zakat in BAZNAS Province, D.I. Yogyakarta. The method used is a quantitative literature analysis study with descriptive analysis techniques. The results of the study illustrate the value of the D.I. BAZNAS IZN. Yogyakarta in 2021 is 0.67, which comes from the components of the macro and micro dimensions. Then, zakat has an impact on reducing poverty when viewed from the poverty line, it has kifayah and nisab zakat
Zakat Accountability Optimization (Study on the National Amil Zakat Agency, Grobogan Regency, Central Java)
Purpose: This study aims to describe zakat management from the point of view of optimizing zakat accountability.
Methodology: The object of this study is the Badan Amil Zakat Nasional (BAZNAS) Grobogan District with informants from the Organizers of Zakat and Waqf District Department of Religion Grobogan, BAZNAS Grobogan District, muzaki, and mustahik who live in the Grobogan District. This study uses a qualitative approach. Data collection techniques include interviews, observation, and documentation. The results of the data study are more regarding the interpretation of the data found in the field.
Findings: Research results show that BAZNAS Grobogan District has fulfilled elements of optimizing zakat accountability. However, the accountability of zakat on BAZNAS still needs to be optimal in terms of performance and finance. Three factors support the optimization of BAZNAS zakat accountability: socialization and coordination of effective institutional, good coordination with other institutional zakat managers, and strengthening human resources through additions and institutional capacity training. Three-factor inhibitor optimization of BAZNAS zakat accountability, namely performance and administration of SOPs not yet functional, HR in the fields and IT need to be more adequate, and the collection of zakat needs to support Regional Regulations fully.
Novelty: This study finds its novelty in locus, time, methodology, and variables. Locus from study This is BAZNAS Grobogan District as the object. This is because there has yet to be research at BAZNAS Grobogan District. Qualitatively study This critic.
Keywords: Optimization, Management, Accountability, Zakat, BAZNA
Financial Distress and Indonesian Family Resilience during the COVID-19 Pandemic: A Case Study of a Muslim Family in Yogyakarta
The objective of this study is to find evidence of the relationship between financial distress and family resilience and to examine the factors driving such family resilience in Indonesia during the COVID-19 epidemic. The study revealed some significant variables in family resilience, namely maintaining a positive outlook, family connectivity, and facing difficulties. Additionally, the study showed that certain variables had no significant effect on family resilience, such as family spirituality (SK), ability to understand difficulties (KMK), and financial pressure index (ITK). These findings document that family resilience is not solely caused by financial problems but is more based on psychological factors.
Originality/Value: This paper contributes to the development of theoretical aspects related to family resilience and financial inclusion