UIN (Universitas Islam Negeri) Sunan Kalijaga, Yogyakarta: E-Journal Fakultas Ekonomi dan Bisnis Islam
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Social Media Marketing Activities Role in Creating Loyalty of Islamic Banks in Indonesia
Get PDFThe increasing number of social media users in Indonesia highlights the growing importance of social media in fostering loyalty. Despite this, there is a lack of models available for analyzing the complex relationship between Social Media Marketing Activities (SMMAs) and loyalty and the various mediating variables that impact this relationship. However, the Customer Relationship Quality (CRQ) model has emerged as a promising approach, providing a framework to analyze the impact of SMMAs on loyalty, as well as key mediating variables like trust, satisfaction, and commitment. Despite the strengths of this model, it has not yet explored the direct relationship between SMMAs and loyalty. In response, this study expands on this framework by adding this direct relationship to the model. To collect data, an online survey was used to gather responses from 138 followers of the Facebook and Instagram accounts of the five largest Islamic banks in Indonesia. The resulting data was analyzed using the powerful Structural Equation Modeling (SEM) approach, with the SmartPLS software used to examine the complex relationships between variables
Spiritual Marketing in Increasing Sales Turnover of Micro, Small, and Medium Enterprises in Indonesia
Get PDFThe increasing diversity of modern humans has implications for changes in consumer behavior. Previously, consumers solely relied on logical considerations when selecting products or services, but now this framework has been shifted to encompass broader considerations. This trend forces a shift in the marketing paradigm; from rational marketing to emotional marketing, even continuing to spiritual marketing. This article seeks to examine the implementation of spiritual marketing to increase the sales turnover of Micro, Small, and Medium Enterprises (MSMEs) in Indonesia, with a case study of “Komunitas Bubur Sedekah” in Setabelan Banjarsari, Surakarta. This case study applied Hermawan Kertajaya\u27s spiritual marketing theory as a theoretical framework. Data were obtained through in-depth interviews, observation, and documentation. In-depth interviews were held with advisors, porridge sellers, almsgivers, and customers. Observations were conducted to capture data from the porridge business activities. Meanwhile, documentation was utilized to collect data from various social media platforms belonging to the community. The findings of the study indicate that “Bubur Sedekah” is a manifestation of spiritual marketing because it is grounded in ethical spiritual principles, such as theistic, humanistic, and contextual values that bring satisfaction to customers, thus resulting in regular donations. Consequently, the sales turnover of “Bubur Sedekah” has considerably increased, and the sustainability of their business is now assured
Performance Analysis of Islamic Commercial Banks for the Period 2017-2021.
Get PDFBanking has a significant influence on the economic activities of a country. The banking sector in Indonesia is currently experiencing rapid growth. One of the banks that is growing rapidly is Islamic banking. The development of Islamic banking must demonstrate sufficient performance in building trust among shareholders in their investments. To achieve this trust, it is necessary to measure the performance of Islamic banks, hence the need for a tool that can evaluate and measure the performance of these Islamic banks. The assessment of the financial performance of Islamic banks not only focuses on financial aspects but also requires an evaluation of their performance in accordance with Sharia principles to build trust among stakeholders.
This research aims to determine the performance level of registered Islamic commercial banks in the financial services authority using the Islamicity Performance Index and RGEC methods for the years 2017-2021. This type of research is descriptive research with a quantitative approach. Data were obtained through documentation techniques. Data analysis techniques utilized the Islamicity Performance Index and RGEC methods.
This research introduces novelty in its research methodology. Many studies typically focus on a single method, while this research employs two methods simultaneously. Additionally, this study utilizes the most recent data.
The type of research is descriptive research using a non-statistical quantitative approach. The data used in this study are secondary data. The data collection technique in this research is the documentation method. The sampling technique in this study is non-probability sampling. The data analysis technique in this research involves descriptive statistical analysis using the Islamicity Performance Index and RGEC methods.
The research results indicate that the assessment of the performance level of Islamic commercial banks using the Islamicity Performance Index method for the years 2017-2021 falls under the category of less satisfactory in terms of spirituality. The values for the respective years were 2.375, 2.375, 2.5, 2.5, and 2.625. The evaluation of the performance of Islamic commercial banks using the RGEC method in 2017 showed that the banks\u27 performance was in Composite Rank 3 (PK-3) with a score of 66.67%, indicating a moderately healthy category. Meanwhile, for the years 2018-2021, the performance of the banks was in Composite Rank 2 (PK-2) which falls under the healthy category, with scores of 80%, 80%, 76.67%, and 76.67% respectively.
The suggestions from this research are that Islamic commercial banks should be able to improve the company\u27s profits, zakat, dividend distribution, and qard & donation. The banks are also expected to enhance their effectiveness in obtaining company profits, as some banks are still experiencing negative profit values. Subsequent researchers are encouraged to conduct further research, including accuracy testing on the Islamicity Performance Index and RGEC methods
Analysis of Problems Collecting Zakat Funds in Zakat Amil Institution (LAZ) Yogyakarta Special Region
No full textAs a province with a majority Muslim population, the Yogyakarta Special Region plays an active role in collecting, managing, and distributing zakat funds to alleviate poverty. However, the amount of zakat funds collected is not commensurate with its potential. This research aims to analyze priority problems, solutions, and strategies in the problem of optimizing the collection of zakat funds carried out by the Amil Zakat Institution (LAZ) in DIY from various aspects. This research uses a mixed method type of research which combines qualitative and quantitative research with data analysis techniques using the Analytic Network Process (ANP) method with the help of Super Decisions software. The data sources in this research are primary data and secondary data which include interviews, questionnaire distribution, and document techniques. Sampling in this study used a purposive sampling method by taking six informants consisting of one expert and five zakat practitioners in DIY to formulate priorities in the problem areas, solutions, and strategies for three aspects, namely government, LAZ, and society. The research results show that the priority problem from the government aspect is grand design or strategic planning. Meanwhile, the priority problem in the LAZ aspect is the professionalization of LAZ and the priority problem in society is community intensity. The priority solutions from the government, LAZ, and community aspects are, respectively, standardization of reporting, promotion, and socialization of zakat, and public knowledge. The strategic priorities that need to be carried out sequentially are regulations, facilities, and institutional standardization. This research shows that there is a need for regional regulations governing zakat in DIY, improving amil performance, and increasing public knowledge about zakat
Digital Literacy Education to Increase Sukuk Investment in Indonesia
Get PDFThe practice of investing in the Islamic economy is well known, because the practice of Islamic investment starts from the Arabian Peninsula. In practice, investments are made not in the form of debt, but in the form of sharing profits and risks which are transformed into business partnerships called musyarakah, mudharabah in trade or business. One form of sharia investment, namely sukuk. In order to increase the application of sukuk in Indonesia, digital literacy education is becoming increasingly important. The implementation of digital education is carried out through the Instagram application, namely by posting posters containing the meaning of sukuk, types of sukuk, characteristics of sukuk, types of sukuk issued in Indonesia, benefits of sukuk, and benefits of investing in sukuk, and users can Discuss via comments. In the comments column there are 3 questioners. And with the implementation of this activity, it can increase the public\u27s willingness to invest in sukuk or sharia bonds
Determinan Pertumbuhan Sektor Industri di Indonesia Periode 2011 – 2020
Get PDFIndustrial growth is an important thing that must be considered in Indonesia\u27s economic development. Good industrial growth will also trigger national economic development, this can be seen in the contribution of the industrial sector to the formation of the national GDP which in 2020 to reach 19.8 percent. To find out the factors that can support industrial growth, this research uses Islamic financing variables, distribution of zakat infaq alms (ZIS), inflation rates, and the BI Rate level on industrial growth in Indonesia.The data used in this study is secondary data in the form of monthly time series data with a period of ten years starting from 2011 to 2020. To determine the effect of the independent variable used on the dependen variable will be analyzed using the Error Correction Model (ECM) method.The results of this study simultaneously variable Islamic financing, distribution of zakat infaq and alms, inflation rate, and the BI Rate together are able to influence industrial growth in Indonesia. Partially shows that Islamic financing positively affectsn industrial growth in Indonesia. The distribution of zakat infaq and alms (ZIS), inflation rate, and BI Rate have do not affectstrial growth in Indonesia
Human Resources Readiness of Small Medium Enterprises (SMEs) for Halal Product in Indonesia
Get PDFThe halal industry has caught the attention of the world today. The halal industry is not only in demand by Muslim countries but also by countries with non-Muslim majority populations. The implementation of the halal certification program for Small and Medium Enterprises (SMEs) also affects the process of developing SMEs\u27 human resources in Indonesia. Increasing the capacity of human resources is needed to improve the competence, skills, innovation, and creativity of individuals in carrying out productive activities to increase domestic production. This study is expected to be able to provide an overview (steps that need to be achieved, policy strategies, and various efforts that need to be made) related to the role of government bureaucracy, academics, and business actors in optimizing the halal product guarantee system to support the halal industry in Indonesia. This study uses a combination of qualitative and quantitative data. The method used is literature study, in-depth interview, benchmark, and Analytical Networking Process (ANP). A strategic solution for SMEs in increasing the halal market segment is the need for socialization of assistance and submission of halal certification. In addition, the implementation of integrated halal product supply chain management is very necessary to ensure the quality of halal products and services
Pengaruh Financial Development Terhadap International Trade Dengan Foreign Exchange Reserves Sebagai Moderasi: Studi Negara D-8
Get PDFThis study aims to analyze the influence of the financial development index on international trade in D-8 countries and examine whether foreign exchange reserves as a moderation variable are able to moderate the relationship between financial development and international trade in D-8 countries. This study included quantitative research with secondary data types sourced from the world bank and international monetary fund in the observation period from 2011 to 2020. The population in this study is a member of the Developing Eight Countries, with a sampling technique using purposive sampling. This research method uses panel data regression (ordinary least square) and moderated regression analysis (MRA) interaction test through the Eviews 10 program. The results showed that if there is a positive and significant influence between financial development and international trade, similar results are also found in foreign exchange reserves, which are used as moderation variables that significantly affect international trade. Meanwhile, the variable interaction of financial development and foreign exchange reserves has a negative influence on international trade in D-8 countries
Financial Performance Analysis of Local Government: A Case Study on Karanganyar Regency
Get PDFThe purpose of this study is to analyze the financial ratios of the Karanganyar Local Government Budget Realization Report for the 2017-2022 fiscal year, with a quantitative descriptive method at the Local Finance Agency (BKD) of Karanganyar Regency. Data were sourced from the budget realization reports, scientific articles, and interviews. Data were collected through document analysis and interviews. The components analyzed include the financial independence ratio, financial growth ratio, effectiveness ratio of original local government revenue (PAD), and local financial efficiency ratio. This study has found a low financial independence ratio of an average of 23.62%. The average PAD growth ratio was 5.14%, local income was 1.98%, operational expenditure was 1.80%, and capital expenditure was 3.72%. The PAD effectiveness ratio was classified as very effective with an average of 107.22%, and the financial efficiency ratio showed a moderate level with an average of 87.17%. This study concludes that the financial performance of the Local Government of Karanganyar Regency needs to be improved. The researchers recommend the government diversify sources of income, evaluate project management, and utilize information technology. Thus, this study provides guidance for the Local Government of Karanganyar Regency in improving the local financial performance
The Effects of Exports, Inflation, Provincial Minimum Wage, Household Consumption, and Democracy on PMDN in Java Island for the 2009-2022 Period
Get PDFInvestment is an activity that can increase economic growth in a region. In times of crisis, economic activities that can help stabilize the economy are private investment or commonly called Domestic Investment (PMDN). The purpose of this study is to determine the impact of independent variables in the form of exports, inflation, provincial minimum wage, household consumption, and the Indonesian democracy index on the variables of Domestic Investment in 6 Provinces in Java for the 2009-2022 period. The data used in this study is secondary panel data. The analysis method used is the panel data regression analysis method with a weighted Fixed Effect model approach with Cross Section SUR. The results of this study are export variables, provincial minimum wages, and the Indonesian democracy index have a significant and positive influence on PMDN. Then the inflation variable has a negative and insignificant influence on PMDN. Meanwhile, household consumption has a significant and negative influence on PMDN in 6 provinces in Java