UIN (Universitas Islam Negeri) Sunan Kalijaga, Yogyakarta: E-Journal Fakultas Ekonomi dan Bisnis Islam
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Veil Type Selection Based on Perceptions of its Main Function: Its Impact on Fashion Spending
No full textAs time goes by, veil (the hijab) which is originally an obligation enacted by the religious teaching, nowadays developed into a fashion trend. Veil is not just a simple fashion component with the main purpose of covering the female head and another part of body which should not be seen by the others (aurat). Certain accessories often become addition to veil (fashionable) due to the aesthetic reason making it demands a greater spending rather than not wearing any veil at all. It is a veiling phenomenon that we might call as the “Above Mecca, below Mall” style. On the other hand, internalized value as a component of VBN (Value-Belief-Norm) theory might be more dominant in affecting her subjective norm and therefore translated into her perception that veiling is an obligation of religious teaching which she must obey rather than the surrounding external environment such as trends among her peer groups or workplace rules. Our raw data was collected from 150 female students divided into 3 groups; veil weares type-1 (sharia veil), type-2 (fashionable veil) and non (non-veil) wearers, from 5 universities in Padang City, West Sumatra Province. The analysis was done in two sequential steps. Firstly, we revealed which one among the two concepts is the most prioritized and converted it into a score using an important variable named perception using AHP (Analytical Hierarchical Process) instrument. As the second step, multinomial logit model was used as the first-stage of 2-SLS regression where the perception score is one of several dependent variables, then an outcome prediction (what) was used at the second instrumented stage on veil type wearers. The study found that veil type-1 users have smaller fashion spending allocation rather than the two other sample groups. This indicates that marketers should design their strategies keeping in mind that female college students consumers at Padang city are influenced by significant others when making their purchasing decision
Implementation Of the Analytic Hierarchy Process (AHP) Method in Determining Priorities for Solutions to Zakat Management Problems in Lumajang Regency
Get PDFZakat can appear as a sharia economic instrument that can balance an economy and fix the severity and depth of poverty. The potential of zakat in Lumajang is quite significant, but the total zakat funds collected are still far from the total target and potential of existing zakat funds. From there it can be seen that serious problems create gaps in the management of zakat. This study aims to provide a map of priority problems in zakat management and priority solutions that can be given to zakat management in Lumajang Regency. The method to find the priority scale used in this study is the Analytic Hierarchy Process (AHP) involving four expert informants in the field of zakat. The results of the study reveal that the priority problems and solutions for zakat management in Lumajang Regency are three aspects, namely OPZ, Muzaki/Mustahik, and regulatory aspects. The most priority problem is from the OPZ aspect with a priority value of 0.638425 and the priority solution is also occupied by the OPZ cluster with a priority score of 0.581459
Liability Driven Investment Analysis for Hajj Financial Management Optimization using Analytic Network Process Approach
Get PDFIn this research, a liability-driven investment strategy is determined which aims to optimize hajj financial management using the Analytic Network Process approach. Based on the results of Benefit, Opportunity, Cost and Risk (BOCR) approach, it shows that in a liability-driven investment strategy, the benefit (excess) and risk components are the most important factors that investors pay attention to. In determining alternative liability-based investment strategies, there are 2 (two) approaches, either by carrying out portfolio immunization (duration matching) or cash flow matching (cash-flow matching). From these two strategies, it was found that the portfolio immunization strategy was the most suitable strategy to be implemented at BPKH in terms of the return and risk dimensions. Then the strategy is implemented through a portfolio-mix combinations between hedging portfolios and growth portfolios (return generating portfolios), and the most appropriate composition based on the dimensions of returns and risks is the hedging portfolio whose magnitude is above the growth portfolio. It can be said that BPKH can carry out a liability-driven investment strategy through a portfolio immunization strategy that contains a hedging portfolio (such as SBSN and corporate sukuk) that is larger than the growth portfolio (such as KIK EBAS, EBAS-SP, KIK DINFRA, KIK DIRE, Limited Investment Mutual Funds, and Direct Investment and Others).
Originality/Value: The novelty of this study is analysing the hajj fund by BPKH in a deeper and specific extent by displaying future liability data
Strategy for the Distribution of Zakat, Infaq and Sedekah Funds in An Effort to Increasing Public Awwareness (Case Study BAZNAS Tasikmalaya Regency)
Get PDFZakat sebagai rukun Islam merupakan kewajiban setiap Muslim yang mampu membayarnya dan diperuntukkan bagi mereka yang berhak menerimanya. Dengan pengelolaan yang baik, zakat merupakan sumber dana potensial yang dimanfaatkan untuk memajukan kesejahteraan umum bagi seluruh masyarakat. Penyaluran zakat berguna sebagai pemberdayaan ekonomi umat seperti memberantas kemiskinan, meningkatkan kesehatan umat, meningkatkan kualitas pendidikan umat dan menjadi salah satu sumber dana sosial ekonomi umat bagi umat Islam. BAZNAS Kabupaten Tasikmalaya mempunyai program peningkatan ekonomi produktif dengan mendistribusikan zakat secara produktif. Inilah yang membuat penulis tertarik untuk menelitinya. Yang menjadi pokok permasalahan dalam penelitian ini, yaitu: Pertama, adanya mustahik yang mengaku sebagai musafir; Kedua, kurangnya literasi masyarakat mengenai penerima zakat (mustahik). penelitian ini menggunakan jenis penelitian deskriptif dengan pendekatan kualitatif,. Sumber data yang digunakan berasal dari data primer berupa wawancara dan observasi serta data sekunder berupa buku-buku, dokumentasi, media internet yang ada kaitannya dengan penelitian yang akan dilakukan
Impact Of Green Financing and Financial Factors on Islamic Banks\u27 Performance in Indonesia: a Regression Analysis
Get PDFKinerja keuangan pada sektor perbankan akan memperlihatkan kondisi keuangan pada setiap periode. Kinerja keuangan secara khusus juga dapat menampilkan kemampuan sektor perbankan dalam menghasilkan laba. Hal serupa juga berlaku pada sektor perbankan syariah di Indonesia. Pada dasarnya terdapat beragam faktor yang kemudian dapat mempengaruhi kinerja keuangan sekto perbankan. Selaras dengan hal tersebut, penelitian ini bermaksud untuk menyelidiki pengaruh antara variabel green financing, capital adequacy ratio, islamic income ratio, dan profit sharing ratio terhadap kinerja keuangan perbankan syariah di Indonesia. Adapun sampel yang digunakan dalam penelitian ini diambil menggunakan teknik purposive sampling. Dengan melakukan pembatasan pada jenis perbankan syariah yang telah menerbitkan sustainability report dan financial report dalam periode 2020 hingga 2021. Sehingga terdapat 10 perbankan syariah yang kemudian dijadikan sampel dalam penelitian ini. Selanjutnya, dalam peneliti juga mengadopsi classic assumsion dan multiple linear regresion. Dimana setiap pengujian memanfaatkan software SPSS 22. Adapun hasil classic assumsion pada penelitian ini mengungkapkan bahwa data terdistribusi normal, tidak terdapat heterokedastisitas, tidak terdapat autokorelasi, dan tidak terdapat gejala multikolinearitas. Adapun hasil uji hipotesis menunjukkan bahwa variabel green financing, capital adequacy ratio, dan islamic income ratio tidak berpengaruh terhadap financial perfomance. Sedangkan variabel profit sharing ratio menunjukkan pengaruh negatif terhadap financial perfomance pada perbankan syariah
Indonesian Islamic Comercial Banks Profitability: Role of Murabahah Financing, Musyarakah Financing, NPF, and BOPO
Get PDFThis study to analyze the significance of the effect of Murabahah Financing, Musyarakah Financing, Non-Performing Financing (NPF), and Operating Expenses on Operating Income (BOPO) on Profitability at Islamic Commercial Banks in Indonesia for the 2018-2022 period. We employ 6 (six) Islamic Commercial Banks in Indonesia for the 2018-2022 period, which were selected using Purposive Sampling technique. The analysis model used in this research is the Multiple Linear Regression Analysis Model processed with the SPSS 26.00 program. The results of hypothesis proving and discussion show that the effect of Murabahah Financing, Musyarakah Financing, Non-Performing Financing (NPF), and Operating Expenses on Operating Income (BOPO) simultaneously has a significant effect on Return on Asset (ROA). Partially, the Murabahah Financing ratio has a positive and significant effect, Musyarakah Financing has a negative but significant effect, the Non-Performing Financing (NPF) ratio has a negative but insignificant effect, and Operating Expenses on Operating Income (BOPO) has a negative and significant effect on ROA at Islamic Commercial Banks in Indonesia for the period 2018- 2022
What Drives the Impact of Corporate Governance on Firm Value? Evidence from Earnings Management at Indonesian Sharia Stock Index (ISSI)
Get PDFPurpose: This study sought empirical evidence on the impact of corporate governance as proxied by the board of commissioner\u27s size, managerial ownership, and audit quality on firm value using earnings management as an intervening variable in energy sector companies indexed by the ISSI and listed on the Indonesia Stock Exchange from 2014 to 2022.
Methodology: This study uses purposive sampling technique and panel data, resulting in 171 selected sample data units that will be processed using eviews.
Findings: Managerial ownership, audit quality, and earnings management all have a significant and beneficial impact on firm value. However, the board of commissioners has a negative impact. Aside from that, the board of commissioners\u27s size and managerial ownership do not affect earnings management, but audit quality has a negative effect. Earnings management as an intervening variable influences corporate governance variables.
Novelty: This research attempts to provide a novel viewpoint on how political instability in a country can affect the investment climate in the Indonesian energy sector, which has received little attention previously. This study also acknowledges the inconsistency of previous research findings regarding the relationship between corporate governance and firm value, paving the way for incorporating earnings management variables as mediators and ultimately contributing to our understanding of the complex dynamics between these elements
Digital Banking dalam Akselerasi Pemberdayaan Ekonomi Womenpreneur Indonesia : Eksplorasi Sosial-Ekonomi dan Peran LPS Berbasis PLS-SEM
Get PDFABSTRACT
Integrating technology in the digital 5.0 society, including artificial intelligence, cloud computing, and financial services, is creating a new business model: digital finance (FinTech). Indonesia\u27s focus on economic logistics systems, FinTech development, and economic integration has positively impacted the real economy. However, digital financial innovation also brings risks, such as market uncertainty. After the pandemic, digital financial inclusion empowers women to reduce the gender gap. The history of women\u27s economic role, such as in early Islam, highlights their success in this sector. Government measures, such as inclusive programs, show efforts to encourage women\u27s role in the digital economy but improved financial literacy and structural support are still needed. This study aims to analyze the determinants of socio-economic conditions and the role of the Indonesian Deposit Insurance Corporation (LPS RI) in women\u27s economic empowerment through digital banking services. This study chose a quantitative approach by conducting an online survey of 306 Indonesian womenpreneurs. The respondents\u27 data was further analyzed using the SEM PLS analysis technique to test the proposed hypotheses. The results showed that digital banking is significant for womenpreneur empowerment in Indonesia. Financial literacy is strong, infrastructure is solid, and government support is in its favor. LPS RI protects digital banking services. recommendations including literacy campaigns, training, technology infrastructure, fiscal incentives, and government-LPS cooperation to advance womenpreneurs with financial technology
Analisis Pendekatan Stimulus-Organism-Response Terhadap Adopsi M-Banking Syariah dengan Artificial Intelligence: Sebuah Bukti Empiris Generasi Z
Get PDFSharia m-banking users are increasingly rising among the Indonesian people. This study aims to analyze the stimulus-organism-response (S-O-R) approach to the adoption of Islamic m-banking with artificial intelligence among Generation Z. This paper contributes to or enriches the behavior of Islamic m-banking adoption with artificial intelligence Which of course is expected to be a consideration in the formulation of policies for stakeholders including Islamic financial institutions. This research is a type of field research using quantitative methods. Data collection using questionnaires was conducted online through Google Forms. Analysis with PLS-SEM using Smart-PLS with a sample of 100 respondents spread across several regions in South Sulawesi. The respondents were determined by the main criteria, namely Muslims aged 11-26 years who represent Generation Z. The results showed that perceived usability and perceived intelligence positively affect trust. In addition, perceived usability positively affects attitude, while trust and attitude positively affect the adoption of Islamic m-banking. However, unlike the case with perceived intelligence, service quality, and security do not significantly affect attitude, besides that service quality and security do not significantly affect trust. Meanwhile, the small impact produced by these factors. In addition, other factors have a greater influence on attitudes and beliefs in adopting Islamic m-banking-AI
Demand Theory of Sharia Micro Economic Perspective
Get PDFThe purpose of writing this article is to find out about the theory of demand in sharia microeconomics and what is related to the discussion of the theory of microeconomic demand. Economics is a human act as a consumer to fulfill needs and desires or make various requests for various goods and services in everyday life. Islamic economics itself is never separated from moral and religious values because every activity is always associated with the Shari\u27a. Islamic economics is the knowledge and application of sharia law to prevent injustice in the use and disposal of material resources with the aim of providing human satisfaction and carrying out these activities as an obligation to Allah and society. The Qur\u27an calls the economy the term istishad (saving, economy) which literally means "middle" or "moderate". Therefore, as Muslims we must take a moderate stance in acquiring and using resources. A Muslim is not allowed to be stingy (royal, exaggerating) nor is he allowed to be stingy (bakhl). The view of Islamic economics regarding demand is almost the same as conventional economics, but there are limitations for individuals to behave economically in accordance with sharia rules. In Islamic economics, "Islamic" norms and morals, which are Islamic principles in economics, are a determining factor for an individual or society in carrying out their economic activities. Therefore, Islamic economic theory is different from conventional economic theor