UIN (Universitas Islam Negeri) Sunan Kalijaga, Yogyakarta: E-Journal Fakultas Ekonomi dan Bisnis Islam
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The Effect of Managerial Commitment, Budget Quality, and Capital Budget on Participatory Budgeting
Get PDFPurpose: This study aims to examine the effect of managerial commitment, budget quality, and capital budget on participatory budgeting.
Methodology: This study uses a quantitative approach. The research method used the Quota Sampling method. Data collection techniques using questionnaires and interviews. The object of the study was aimed at the APBKal/APBDes management team at the Community and Village Empowerment Council Special Regional of Yogyakarta. The population of this study is 392 sub-district governments in the Special Region of Yogyakarta Province. Calculation of the percentage of sample size using the Slovin formula obtained 80 respondents from 392 villages which can represent the number of existing populations. The method of data analysis used in this study is the Structural Equation Model (SEM) based on Partial Least Square (PLS) using the Smart PLS 3.0. The data analysis technique uses two test methods: the measurement method (Outer Model) and the structural method (Inner Model).
Findings: This study found that managerial commitment has a positive effect on participatory budgeting. Budget quality and capital budget have a negative effect on participatory budgeting.
Novelty: The researcher wanted to show the differences between this study and previous studies. First, the researcher re-examined the dependent variable in the form of participatory budgeting, which was influenced by the capital budget, then added two independent variables: managerial commitment and budget quality. In future studies, it is possible to expand the number of sampling aims to provide more complex and testable validity results. It is also expected to develop study variables that can affect the samples used by researchers in the APBKal management process in each region.
Keywords: Managerial Commitment, Budget Quality, Capital Budget, Participatory Budgetin
Peran Perempuan dalam Meningkatkan Ekonomi Rumah Tangga Perspektif Maqashid Syariah Jasser Auda (Studi Kasus di Kecamatan Tengaran Kabupaten Semarang)
Get PDFThis study discusses how the role of women from a domestic role to a public role to help improve the household economy in the perspective of Jasser Auda\u27s maqashid sharia. The method used is descriptive-qualitative method with data sources derived from primary data through interviews of women working in the garment area of Tengaran District. Women who work due to household economic needs, namely fulfilling daily life, including food, children\u27s education costs, paying installments and other needs. Judging from the maqashid sharia, the role of women who work to improve the household economy is included in the context of achieving a prosperous life so that this is in accordance with the maqashid sharia concept, namely hifz al-nafs which is the protection of human rights, hifz al-nasl, namely protection of the family and hifz al-mal, namely maintaining wealth. The participation of women in the world of work not only has an impact on the economic welfare of the family but also contributes to changing the mindset and economic order of the region
Towards Energy Security and Sustainability in Indonesia: Exploring The Waqf-Based Potential
Get PDFIt is ironic to note that Indonesia remains a net importer of energy, which has been one of the basic needs of the Indonesians. As the efforts to decrease the energy import and to secure energy supply, including through Renewable Energy (RE) development which has already started, the gap between the target and the actual is observable and acknowledged in existing studies or official reports by the authorities. Alignment between Islamic Finance (IF) and Renewable Energy can be observed, as both ideally have a preference for the earth and environment-friendly program. They align with several Sustainable Development Goals (SDGs), including SDG 7 on affordable and clean energy, SDG 10 on reduced inequality, SDG 13 on climate action, and SDG 17 on partnership on the goals. That is why this study aims to explore the opportunities and challenges of waqf-based renewable energy in Indonesia. To this end, a Focus Group Discussion (FGD) with 15 key informants from 12 different institutions was conducted by Waqf Center for Indonesian Development and Studies (WaCIDS). Notable views from relevant stakeholders, the representatives of both waqf and the RE sector, are complemented by an open-ended questionnaire, which was circulated during the session. Data is analyzed using thematic analysis with the assistance of Atlas.ti software. As a pioneer study that relates waqf and renewable energy in Indonesia, this study provides an avenue for further research and implementation. This study is expected to offer theoretical and practical references on waqf and RE discourse. As the waqf-related stakeholders may gain insight into entering the RE projects, the RE practitioners may also acknowledge the potential of waqf as part of financing alternatives. Hopefully, this study can benefit the policymakers and the pivotal stakeholders in seeking a solution to secure and sustain energy in Indonesia
Do Risk-Taking and Shariah Governance Have a Relationship with Maqasid Shariah-Based Performance?
Get PDFThis According study examines the characteristics of the shariah supervisory board (SSB), risk-taking and Islamic bank (IB) performance. The maqasid shariah index determines the performance of an IB, and the performance assessment is more comprehensive. This research data analysis uses the dynamic panel regression estimation technique with the generalised two-step moment method to predict the relationship between shariah governance, risk-taking and performance. This study uses IBs financial data from around the world for 2014–2018, which comes from the bank scope database. The empirical results found that risk-taking has positive significance to maqasid shariah, while SSB size, expertise and cross membership have a significant negative relationship to performance. Other variables, such as leverage, are proven to have negative significance to maqasid shariah. The originality of this research is linking maqasid shariah with risk-taking and governance, expanding the sample to include many countries, and robustness checking based on Gulf Cooperation Council and non-GCC member states. The research has implications for stakeholder theory because IBs can accommodate various stakeholder interests. Governance across countries is not uniform, so it is challenging to link specifically to performance
Analisis Efsiensi Bank Umum Syariah Tahun 2018-2020 Dengan Metode Data Envelopment Analysis
No full textTujuan penelitian ini adalah untuk mengetahui efisiensi pada bank syariah dengan metode data envelopment analysis. Penelitian pada penelitian ini menggunakan metode kuantitatif. Dan menggunakan metode Data Envelopment Analysis. Lalu analisis data pada penelitian ini menggunakan software DEAP ver 2.1. Hasil penelitian pada kelima bank syariah yaitu Bank BCA Syariah, Bank Muamalat, Bank BRI Syariah, Bank Mandiri Syariah, dan BNI Syariah adalah hanya terdapat satu bank yang efisien dari tahun 2018-2020, yaitu Bank BRI Syariah. Input yang digunakan dalam penelitian ini adalah Aset, Total Simpanan, dan Biaya Operasional. Sedangkan Output yang digunakan dalam peneltian ini adalah Biaya Operasional, dan Pembiayaan
Does COVID-19 Reduces Income and Wealth Inequality: Evidence from OIC Countries
Get PDFThis study investigated the effect of the COVID-19 pandemic on income and wealth inequality in the 56 Organization of Islamic Cooperation (OIC) member countries from 2010-2021. We employ a panel fixed effect model to estimate the relationship between a dummy COVID-19 outbreak and a comprehensive inequality proxy consisting of income and wealth inequality of the top 10%, bottom 50%, and top 1%, respectively. Findings suggest that while COVID-19 has contributed to a reduction in wealth inequality, it has not had a significant effect on income inequality. The restriction policies imposed during the pandemic have decreased the proportion of high-wealth individuals, but not the proportion of high-income earners. To further promote income equality, governments should focus on increasing foreign investment by improving the ease of doing business and enhancing political stability in the region
Sustainability of Islamic Rural Banks: A Social Qardh Financing Approach
Get PDFUnlike Islamic commercial banks, Islamic rural bank emphasizes on small-medium enterprise financing along with providing a unique contract feature, namely social qardh financing. This paper investigates a way of finding the sustainability of Islamic rural banks through social financing and halal small-medium enterprise lending. We use OLS (ordinary least squares) and TSLS (two-stage least square) analysis. The time-series data is used from the period of 2010 to 2020. The result revealed that social qardh financing and small-medium halal enterprise lending have a positive and significant impact on the sustainability of Islamic rural banks. The Islamic rural banks\u27 ratios are also found to be negative in influencing sustainability except the liquidity ratio that has a significant positive effect. Besides, the macroeconomic variables are also significant in explaining sustainability of Islamic rural banks. Recommendation for the policymaker that the regulation is needed to push Islamic rural banks in enhancing the social qardh financing toward small-medium enterprises
Priority Strategy of Financial Institution Pension Funds (FIPF) for Islamic Scheme in Indonesia: Internal, Market, and Regulation Approach
Get PDFAccording to a survey conducted by Otoritas Jasa Keuangan (OJK), 74.8% of workers and 85.7% of employers are attracted to Islamic pension funds. However, its market share is still relatively low compared to other Islamic financial product. The purpose of this study is to identify the internal, market and regulation issues that affect the development of FIPF (financial institution pension funds) and construct the strategy to develop FIPF for Islamic scheme. This study applies the analytical hierarchy process (AHP) to determine the strategy based on the priority scale assessed by several experts. The internal issues of FIPF are the priority of both problems and solutions in the development of FIPF for Islamic schemes. Furthermore, from the identification of problems and solutions, the strategy for optimizing FIPF scheme performance and services are the main strategies in expanding the FIPF’s market, followed by FIPF\u27s socialization and literacy strategy, and strategies for strengthening relationships and synergy between the authority and FIPF management
Islamic Rural Bank Employee Performance: Role of Motivation, Compensation, and Work Environment
Get PDFRural banks in Indonesia have been experiencing a significant growth. Each company has diverse workforce. Excellent employees will contribute significantly to achieve the company\u27s goals. However, some companies disregard any factors that can lead to optimal employee performance. The purpose of this study was to determine the effect of motivation, compensation, and work environment on the employee performance. This was a case study conducted at PT. BPRS Madina Mandiri Sejahtera Yogyakarta. A quantitative technique based on variance Structural Equation Modeling (SEM) and Partial Least Square (PLS) was used to acquire a better understanding of the relationship between variables. Questionnaires were used to collect 28 responses from the company’s employees. The finding revealed that compensation was a deterrent for companies that have not received awards in the previous five years. As a result, the company’s management must pay more attention to work compensation related to more efficient and effective use of human resources. The higher the employees’ salary, the more achievements achieved by the employees. The higher the number of high-performing employees, the lower the cost of non-essential work
“Sekolah Pasar” as an Effort to Revitalize Traditional Markets Become a Source of Economy and Learning Resources
Get PDFThis study aims to find the best model to revitalize the market. The model designed in this study is expected to maintain the existence of traditional markets, improve technical and managerial human resource capabilities in managing markets, and achieve economic independence for traders. The method used in this research is Community Based Action Research, involving all stakeholders in the market which are packaged in the form of “Sekolah Pasar”. This method is carried out so that the model designed is the result of the elaboration and optimization of assets owned by the market in the form of physical assets, cultural assets, philosophical assets and assets in the form of skills. The result of this research is the design of a traditional market model that is in accordance with the potential of the market. The by-product of this research is an increase in the literacy and skills of market traders, traditional market curricula and value chain networks for markets.Keywords: Market School; Traditional Market; Market Revitalizatio