International Journal of Sharia Economics and Financial Literacy
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Social Return on Investment (SROI) Analysis of Village Fund Use Through Village-Owned Enterprises (Bumdes) (Sambirejo Village, Mantingan District, Ngawi Regency)
Get PDFThis study measures the success of Village Funds through village-based economic programs to improve community welfare. The method used was Social Return on Investment (SROI), which aims to measure the economic, social, and environmental impacts of a program with a benefit-based approach. This study was conducted in Sambirejo Village, Mantingan District, Ngawi Regency. The research method used was Mixed Methods, which combines qualitative and quantitative methods. Data collection techniques were carried out through observation, interviews, questionnaires, and documentation, with data instrument tests using Pearson Correlation and Cronbach's Alpha. The results indicated that the Social Return on Investment (SROI) value is obtained from a comparison between the input value and the impact. The impact value is greater than the input value, meaning this program produces economic and social benefits for stakeholders. Village Funds through Village-Owned Enterprises has succeeded in providing a positive impact for stakeholders. This study concluded that village funds through the Village-Owned Enterprise (BUMDES) in Sambirejo Village, Mantingan District, Ngawi Regency, have had a positive socioeconomic impact, providing easier access for residents to shop, expanding employment opportunities, encouraging active community participation, and developing local economic potential. Village fund management through BUMDES also has a positive environmental impact by reducing carbon emissions through fewer vehicles used by residents to meet household needs
Income Inequality, Unemployment, and Urbanization: Key Determinants of The Crime Index in ASEAN
Get PDFThis comprehensive study evaluates the impact of socio-economic factors—specifically income inequality, unemployment, and urbanization—on crime index across five ASEAN countries (Malaysia, Philippines, Indonesia, Thailand, and Singapore) utilizing annual panel data from 2012 to 2022. The analysis was conducted through the Panel Autoregressive Distributed Lag (ARDL) model to ascertain both the long-term and short-term effects of these variables on the crime index. The findings reveal diverse impacts across the countries studied. In the long term, both income inequality and urbanization showed a positive and significant relationship with the crime index, suggesting that increases in these factors are likely to elevate crime rates. Conversely, unemployment did not demonstrate a significant long-term effect on crime. In the short term, income inequality’s impact on crime was positive but not significant, while unemployment exhibited a negative and significant effect in countries like Indonesia and Malaysia, suggesting that higher unemployment may actually reduce crime rates in these contexts. Urbanization showed no significant short-term impact on the crime index across the studied nations. The study also highlights the contextual variability of these relationships, influenced by local socio-economic conditions and policy frameworks. For instance, while income inequality and urbanization are significant drivers of crime in some countries, their impact is negligible in others, where social policies or economic structures may mitigate these effects. These results underscore the necessity of tailored policy interventions that consider local socio-economic dynamics and structural factors. Effective crime prevention strategies must adapt to the diverse conditions within ASEAN countries, reflecting the complex interplay between socio-economic factors and crime. This study contributes to the understanding of how socio-economic disparities and urban development correlate with crime rates, providing insights for policymakers to formulate nuanced and effective strategies for crime reduction in various socio-economic context
Organizational Goals and Employees Productivity (A Case Study Of Federal Polytechnic Ukana Akwa Ibom State Nigeria)
Get PDFThis study investigated organizational goals and employee productivity in Federal Polytechnic Ukana, Akwa Ibom State, Nigeria. Three research questions and hypotheses were formulated to guide the study. The hypotheses were tested at a .05 level of significance. A survey research design was employed. The population for the study was one hundred and forty-six junior and senior staff of the institution. All the staff were purposively sampled. The instrument for data collection was the questionnaire validated using the face validity method. This method was done by giving copies of the instruments to an expert in the management field. The data was analyzed using descriptive statistics and Pearson Product Moment Correlation (PPMC). The findings revealed a significant relationship between organizational goals and employee productivity. The result further shows that employees perform better when they are motivated. The study concluded that if employees are well motivated and their job criteria clearly stated, their productivity will greatly improve. Based on the findings, it was recommended among others that the management of the institution should integrate individual and corporate objectives to achieve better employee performance and high productivity in the institution
Structure of the Shadow Economy
Get PDFThe shadow economy is an economic activity outside of government control. The problem of the shadow economy is most relevant in our time, since the scale of its spread is growing throughout the world and soon it may cover the entire sector of the economies of the world. The existence of the shadow economy creates a negative impact on societ
Boosting Economic Welfare Through Tanggulangin's Bag and Leather Craft Center
Get PDFThis study investigates the impact of the Tanggulangin Revitalization Program on the economic welfare of SME communities in the handicraft center of bags and leather. Utilizing a descriptive qualitative approach, data were collected through interviews, documentation, and observations. The findings reveal that the program significantly boosts sales and supports the existence of the local handicraft and leather industry. It has successfully achieved the objectives set by the district's industry and trade office, benefiting cooperatives, business owners, and the local community. Key initiatives of the program include the construction of access roads and the development of a leather handicraft center. This revitalization effort demonstrates effective strategies for enhancing the economic prosperity of SMEs in niche markets
The Effect of Accountability and Transparency on Village Financial Management: Study in Kabila Village, Bone District, Bone Bolango Regency
Get PDFThe Effect of Accountability and Transparency on Village Financial Management. Zulmar Irianto Saman. 921419157. (Study in Villages of Kabila Bone District, Bone Bolango Regency). Harun Blongkod, S.Pd.Ak., M.SA as supervisor 1 and Siti Pratiwi Husain, SE., M.Sc as supervisor 2. This research will investigate the impact of accountability and transparency of land sales in the villages, Kabila Bone, District Bone Bolango, either sequentially or simultaneously, with a view to determining which of the two approaches is more effective. Quantitative analysis with an ex-post facto approach was used to compile the results of this study. The use of a questionnaire is an integral part of the data collection process in this examination. 103 people participated in the event overall. Quantitative inferential structural equivalence modeling is used during the data processing in this study. Based on the findings, (1) accountability does not have a major impact on rural land development in the Kabila Bone District, Bone Bolango Regency. The positive consequences suggest that an increase in a country's ability to do business will occur if the country's government accepts responsibility for its actions. (2) The sale of land in the Kabila Bone District, Bone Bolango Regency has a positive impact with transparency. The positive impact shows that the more transparent the government of a country, the better the country's financial services will be. (3) The accountability of the parties involved in the sale of land in the Kabila Bone District, Bone Bolango Regency has a considerable influence on the market. The findings indicate that rural banking will become more accessible, along with increased accountability and transparency in transactions that occur in BPRs
Implementing Sustainable Tourism Practices in Uzbekistan's Ecotourism Sites: A Study by Local Ecotourism Providers
Get PDFUzbekistan has significant potential for the development of ecotourism because of its rich cultural history and diverse natural environments. Implementing sustainable tourism practices is crucial for preserving these resources while promoting economic growth. This study aims to examine the current sustainable tourism practices at ecotourism sites in Uzbekistan and evaluate their effectiveness by conducting surveys with local ecotourism operators
Influence of Intellectual Capital on Financial Performance of Sharia Banking With Sharia Supervisory Board Size as a Moderating Variable
Get PDFThis study examines the moderating effect of the Sharia Supervisory Board (SSB) on the relationship between intellectual capital (IC) and the financial performance (ROA) of Islamic banks in ASEAN. Intellectual capital, a key driver of financial performance, lacks comprehensive research in the context of Islamic banking, especially with the moderating role of SSB. The research aims to determine if SSB oversight strengthens or weakens this relationship. Using panel data analysis with STATA, the study analyzes data from 2019 to 2023 across multiple Islamic banks in ASEAN. The results indicate that the Sharia Supervisory Board significantly strengthens the positive relationship between Value Added Human Capital and financial performance (ROA). These findings provide valuable insights for improving financial performance in Islamic banking and encourage future research on the role of SSB in enhancing intellectual capital
Invalidity of Renunciation of Inheritance According to Law in Kosovo
Get PDFIn most cases, the relinquishment of the inheritance is done for the reason that the heir inherits more liabilities than rights (property) of the testator. Then in these cases when the debts or obligations of the testator exceed the amount of his property, the heir is allowed to give up that inheritance, whether left by will, contract or even by law. This waiver is made by giving a statement which is formulated after the hearing for the division of the inheritance has been held. The declaration is made either before the judicial system or before the notary. In Kosovo, the right to renounce inheritance is being used especially by female heirs. This is confirmed by the legal practice of the courts in Kosovo, according to which it is said that mostly it is the female gender that renounces the acceptance of inheritance and it is emphasized that women do not give any special reason why they are renouncing the inheritance. "Usually women in the case of renouncing inheritance, they do not give any special reason", Some reasons why women are renouncing inheritance. He mentions tradition, customary law - the Lekë Dukagjini Canon, according to which women do not have the right to inherit in their family. Violated rights for the female gender, that today through written law (laws) they try not to discriminate against gender in the right to inherit
Prospects for the Development of Islamic Finance in the Republic of Uzbekistan
Get PDFIslamic finance has gained prominence worldwide as an alternative and ethical financial system, promoting economic stability and inclusivity. In recent years, Uzbekistan has shown a growing interest in developing its Islamic finance sector, recognizing its potential to attract foreign investments and foster economic growth. This report explores the perspectives of Islamic finance in Uzbekistan and emphasizes the crucial role of foreign investments in advancing this secto