Proceedings of Femfest International Conference on Economics, Management, and Business

Zakat Management Model: A Systematic Literature Review

Annisa Maulidia Alfian, Muhammad Zilal Hamzah, Annisa Fitri — Sat, 16 Mar 2024 00:00:00 +0700

This research aims to explore the implementation of effective zakat management based on previous research and determine the methods used by previous research to analyze zakat management. This research uses qualitative methods with a systematic literature review approach. The process of this research consists of; formulating problems, developing and validating, reviewing Protocols, searching literature, screening articles that meet the inclusion criteria, assessing the quality of papers included in the inclusion category, and extracting data. Analyze and synthesize data and end with reporting of findings. In identifying journals that suit the required topic, this paper uses several keywords based on the research question, including synonyms for the main keyword. The electronic data source used is a primary literature search. Based on the research results, it can be concluded that to increase the effectiveness of zakat management, good human resources and governance are needed. Apart from that, technology adoption is also needed. Because, in this digital era, zakat management will become easier and more effective through the use of technology and the implementation of an integrated information system. In carrying out this, the quality of zakat managers must be improved so that they can carry out the digitalization process of zakat management.

Interpretation of fi Sabilillah as One of the Zakat Recipients

Ihsan Ramadhani, Muhammad Zilal Hamzah — Sat, 16 Mar 2024 00:00:00 +0700

This study discusses the interpretation of fi sabilillah as one of the groups of zakat recipients. The purpose of this study is to analyze various existing interpretations related to fisabilillah as a zakat recipient group and its application in several countries. This research uses a qualitative approach with a literature review method. Data are obtained from books, journals and fatwas from ulama forums, fatwa institutions and fiqh study institutions in several countries related to zakat, especially asnaf fi sabilillah. The results showed that there are several interpretations of fisabilillah as one of the groups of zakat recipients and the expansion of its meaning in several countries. Through the Forum of Ulama, Fatwa Institutions and Fiqh Studies Institutes in several countries, the interpretation of fisabilillah is not only limited to war but to various forms of jihad and goodness.

The Urgency of Halal Transportation and Logistics to Ensure the Safety of Consumer

Frida Karima, Khafidz Ma'shum, Uswatun Khasanah, Hendri Hermawan Adinugraha — Sat, 16 Mar 2024 00:00:00 +0700

Consumer protection in halal transportation is increasingly crucial amid industry growth and heightened public awareness. As an integral part of the halal supply chain, ensuring product safety during transportation is paramount, going beyond halal compliance. Specific practices, from packaging to logistical governance, are vital at each stage. This study underscores the urgency of implementing halal transportation practices for consumer protection and explores their positive impacts on goods' safety and integrity. The literature review offers insights from various studies, emphasizing legal efforts, government and society roles, and transportation service providers responsibilities. The study concludes that halal transportation practices, beyond certification, encompass safety, security, comfort, and sustainability, supporting consumer trust, meeting demands, enhancing industry competitiveness, and contributing to environmental sustainability. Overall, implementing halal transportation practices is a strategic step for comprehensive consumer protection and industry success.

Sharia Financial Literacy: Conceptualizing Its Role as a Moderator in the Relationship Between Personality Traits and Investor Risk Behavior

Dian Essa Nugrahini, Verina Purnamasari, Diah Ayu Kusumawati — Sat, 16 Mar 2024 00:00:00 +0700

Investment decisions are influenced by inherent psychological and emotional factors, undergoing a filtration process shaped by various emotional and psychological elements. The Big Five personality traits play a significant role in shaping attitudes and behaviors, exerting a causal impact on investor decision-making. Despite possessing knowledge and professional training, investors may occasionally make suboptimal financial decisions due to the influence of emotions, cognitive errors, and psychological biases. This study seeks to explore the correlation between personality traits and the inclination towards risk in investors' decision-making regarding investments. Additionally, the research investigates the impact of Sharia financial literacy on the connection between personality traits and investor risk behavior. Utilizing a quantitative methodology, the study employs a survey as the data collection method, with the findings analyzed through the partial least squares structural equation modeling (PLS-SEM) technique.

A Qualitative Assessment of Islamic Social Finance and Village Funds on the Poverty Level during the Covid-19 Pandemic

Farhan Hadrawi, Thuba Jazil — Sat, 16 Mar 2024 00:00:00 +0700

This study aims to examine the role of Islamic social finance funds i.e. Zakat, Infaq, Shadaqah, Waqf, and village funds on the poor’s financial viability during the Covid-19 pandemic. The study employs a qualitative method. Data collection in this study was obtained from field observations and in-depth interviews with informants. The informants were classified into three categories: government representatives, Islamic social finance experts, and the recipients of funds in Bogor Regency. This research uses Miles & Huberman's qualitative data analysis technique. This study shows that Islamic social funds and village funds impact the poverty level of the poor impartially. However, Islamic social finance and village funds could assist the poor’s financial viability and provide capital for business during the pandemic. To have an impactful program, the experts suggested an integrated scheme of institutional collaboration and community consolidation.

The Influence of Islamic Financial Literacy, Income, and Lifestyle on Financial Management among Housewives

Hanifa Qotrunnada Hayyi, Aminah Nuriyah — Sat, 16 Mar 2024 00:00:00 +0700

This research discusses the influence of Islamic financial literacy, income, and lifestyle on financial management among housewives (a case study in Jabodetabek). The research adopts a quantitative approach using Multiple Linear Regression method, focusing on a case study in Jabodetabek. The data for this study were collected through questionnaires distributed to respondents who are Muslim housewives with income. The findings of this research are as follows: 1) Islamic financial literacy does not have a significant influence on financial management among housewives. 2) Income has a significant influence on financial management among housewives. 3) Lifestyle has a significant influence on financial management among housewives. 4) Islamic financial literacy, income, and lifestyle collectively have an influence on financial management among housewives.

A Model for Increasing Islamic Financial Inclusion for Coastal Fishing Communities from an Al-Mudharobah Perspective

Sat, 16 Mar 2024 00:00:00 +0700

Financial inclusion is the availability of access to various financial institutions, products and services by the needs and abilities of the community to improve people's welfare. Islamic financial inclusion itself implies the availability of different access to Islamic financial products, services and institutions for the needs of the community. In short, Islamic finance includes how people can access Islamic financial products, services and institutions. The purpose of this research is an effort to increase the utilization of financial services by coastal communities. This research is a type of qualitative research with a literature study approach. This research uses secondary data. In collecting data, this research uses literature studies such as research journals, scientific articles, research reports, and survey results conducted by government agencies. The result of this research is that coastal fishing communities can implement the development of financial inclusion through an improvement model in sharia financing. The right Islamic financing model for bondet fishermen is mudharabah profit sharing with the implementation of the profit-sharing system carried out by the juragan with fishermen, namely the calculation of the profit sharing system is 2 parts for fishermen and part for the juragan.

Determinant Analysis of Employee’s Interest in Making Personal Financial Planning

Muhammad Rizal Bakri, Dina Diana — Sat, 16 Mar 2024 00:00:00 +0700

Personal financial planning needs to be done by an employee. However, in practice there are several problems that hinder this such as: the low level of financial knowledge in Indonesian society, the lack of financial discipline, and the large number of consumption levels that exceed the limit. This study aims to analyze the factors that influence employee interest in making personal financial planning. The financial attitude, social influence, and financial self-efficacy variables will act as independent variables that will affect the dependent variable, namely personal financial planning. This research was conducted in the Bekasi area by taking a sample of 172 respondents. The sampling method used purposive sampling and analyzed using Structural Equation Model-Partial Least Square (SEM-PLS). The result is that the financial attitude and financial self-efficacy variables have a positive and significant effect on personal financial planning and the social influence variable has no effect on personal financial planning.

Islamic Charitable Donations as an Instrument Policy for Poverty Reduction: Is it Effective for Indonesia?

Andi Triyawan — Sat, 16 Mar 2024 00:00:00 +0700

The aim of this research is to examine factors that determine poverty reduction in Indonesia by way of undertaking business units of Islamic Charitable Donation as intervening variable. Data were randomly obtained from 244 business units of Islamic Charitable Donation managed by Pesantren Gontor (The largest Islamic Charitable Donation Institution in Indonesia) by employing Structural Equation Model (SEM) of Smart PLS 4 for analysis purposes. The study revealed that business units from the use of Islamic Charitable Donation (source of funds, profitability, Business Capital, Product Innovation, market need) showed a significant impact on Human Resources Development and poverty reduction. The finding of this study will be a benchmark for regulators to utilize Islamic Charitable Donation as an instrument of policy to reduce poverty in Indonesia. Adopting Islamic Charitable Donations as an instrument policy to reduce poverty is a formidable effort of regulators to ensure it is an effective tool. In addition, Islamic Charitable Donation is part of Islamic social funds that inseparable part of policy recommendation that led to maximizing other Islamic social funds to reduce poverty.

The Influence of Spiritual Leadership, Organizational Culture on Employee Engagement, and Organizational Commitment, Organizational Culture as a Mediation

Agus Siswanto — Sat, 16 Mar 2024 00:00:00 +0700

This study aims to develop a conception of the direct influence of spiritual leadership and organizational culture on employee engagement with organizational commitment as an intervening variable in Islamic microfinance institutions. This study uses the Partial Least Square-Structural Equation Modeling (PLS-SEM) approach as a data analysis technique. Partial Least Square (PLS) is an alternative data analysis technique from Structural Equation Modeling (SEM). The objects in this study were 174 employees from KSPPS BMT UGT Nusantara which is the largest sharia microfinance institution in Indonesia. The result of this research is that there is no direct positive and significant effect of spiritual leadership on employee engagement. There is no direct positive and significant effect between organizational culture on employee engagement. There is a positive and significant direct effect between organizational commitment on employee engagement. There is a direct positive and significant influence between spiritual leadership on organizational commitment. There is a direct positive and significant influence between organizational culture on organizational commitment. There is a direct positive and significant influence between spiritual leadership on organizational culture. There is an indirect positive and significant influence between spiritual leadership on employee engagement through organizational commitment mediation. There is an indirect positive and significant influence between organizational culture on employee engagement through organizational commitment mediation. There is no positive and significant indirect effect between spiritual leadership on employee engagement through organizational culture partial mediation.

Analysis of the Implementation Islamic Business Ethics Principles in Transactions on Facebook

Sat, 16 Mar 2024 00:00:00 +0700

In the digital era, the importance of implementing Islamic business ethics principles in online buying and selling transactions is increasingly prominent. This research explores the implementation of Islamic Business Ethics in online transactions in Indonesia through the Facebook platform. Faced with the rapid development of online businesses, the study aims to analyze the extent to which the principles of Islamic Business Ethics have been applied in this environment. A qualitative descriptive method was employed, involving in-depth interviews with traders and buyers, as well as observations of online business practices. The research findings reveal that buying and selling transactions through Facebook in Indonesia have not fully adhered to the principles of Islamic Business Ethics optimally. Despite some sellers incorporating the balance principle by providing detailed explanations of products and setting appropriate prices, there remains a discrepancy between the representation of products and the reality experienced by buyers. Deceptive practices, such as using inaccurate product images to enhance attractiveness, indicate that the principles of unity (tauhid) and benevolence (ihsan) are inadequately applied. Responses to buyer complaints also reflect a lack of individual seller responsibility. Therefore, this research recommends expanding efforts to strengthen integrity and transparency in online business practices to align with the principles of Islamic Business Ethics, creating a more ethical and trustworthy business environment in Indonesia.

Training Entrepreneurs: The Impact of Tafarkin Tsira Islamic Centre Azare in Bauchi State Nigeria

Idris Abubakar Talle, Bala Babangida, Adamu Abubakar Muhammad — Sat, 16 Mar 2024 00:00:00 +0700

Entrepreneurship has the power to change lives and communities in a current global economic challenge, training the entrepreneurs to maintain the situation is a priority of institutions and Tafarkin Tsira Islamic Centre Azare in Bauchi State Nigeria is a prime example. This center has been training and counseling entrepreneurs for years, providing them with the creative and management skills as well as relevant support they need to launch successful businesses. Through its various programs and initiatives, the Tafarkin Tsira Islamic Centre Azare is transforming the economic landscape of the citizens in the region and creating a brighter future for its people. This research, will explore the impact of the center on the community, highlighting the success stories of entrepreneurs who have benefited from its programs. The study employed the qualitative method for gathering data through literature review and interview with pertinent people and used content analysis for analyzing the data. It is recommended that no meaningful entrepreneurship skills are attained without mentorship, and training and practice remained as powerful tools of any success. It is also discovered that the power of entrepreneurship and the role of Tafarkin Tsira Islamic Centre Azare in shaping a new generation of successful business owners in the region helped in reshaping enterprises practice.

Sustainability of Eco-Friendly OCBIP Research to Improve Performance in Organizational Environment: A Literature Review

Desti Ranihusna, Suharnomo — Sat, 16 Mar 2024 00:00:00 +0700

The purpose of writing this article was to review or summarize and discuss the role of Organizational Citizenship Behavior of Islam Perspective (OCBIP), as an effort factor in improving performance in organizations and and a living environment based on the Quran. The environment as a place to live, particularly for creatures that exist such as humans, including workers. OCBIP is Organizational Citizenship Behavior (OCB) that refers to the Islamic perspective. This type of research is a literature review, using Publish or Perish software. The initial data was an article published from 2010 - 2022. Furthermore, the selection of articles according to the criteria was carried out, and resulted in 28 articles that we would analyze in this study by mapping several criteria and processing the analysis using Vosviewer. The results of the study explained that OCBIP is the behavior of contributing or performing more to others than oneself since basically the best of the people are those who are beneficial to humans. OCBIP was mostly studied as a dependent variable even though some studies showed OCBIP can mediate or independent other variables. The location of the research was mostly conducted in countries that have a majority Muslim population such as Asia and Arabia. This study would provide advantages for the future research on OCBIP. This study provides an overview of research trends regarding OCBIP, especially on Job Performance.

Use of Artificial Intelligence in Analyzing Brand Engagement and Customer Experience to Support Sustainability

Hamidah Tussifah, Gina Atikah Hasni, Adzimatinoor Nabila Rahmadania — Sat, 16 Mar 2024 00:00:00 +0700

Artificial intelligence is highly influential in the economic development of the millennial generation. Brand engagement is strategic in brand building, and as customer expectations continue to rise, improving customer experience has become a challenge for businesses. In this rapid development, businesses must continue to innovate in order to improve their business. The utilization of AI in various aspects of business requires various business strategies in its development. This article aims to analyze the benefits of AI in the context of brand engagement and customer experience to support sustainability. We present a comprehensive literature review on this topic. The results of this study show that Artificial Intelligent has an effect on analyzing brand engagement and customer experience to support sustainability.

The Role of Non-Profit Organizations in Managing the Covid-19 Pandemic in West Nusa Tenggara Province: A Study on MCCC NTB and LAZDASI NTB

Maulana Rahmat Fajar, Rahmad Hakim, Arif Luqman Hakim — Sat, 16 Mar 2024 00:00:00 +0700

The aim of this research is to conduct an in-depth analysis regarding the role of non-profit organizations in overcoming the Covid-19 pandemic in West Nusa Tenggara Province, especially at the MCCC NTB and LAZDASI NTB institutions. This type of research is descriptive qualitative, this research uses data collection through observation, interviews, literature study and documentation. The analytical methods used are data collection, condensation, data presentation, and drawing conclusions. The results of this research found that the role of non-profit organizations in overcoming the Covid-19 pandemic in West Nusa Tenggara Province for the period April - December 2020, in this case the roles or activities carried out by MCCC NTB are as follows: 1) Muhammadiyah Hospital and Clinic Services, 2) distributing masks, 3) distributing hand sanitizer, 4) distributing PPE (personal protective equipment), 5) providing hand washing facilities in the community, 6) providing online educational facilities, 7) distributing educational posters, 8) spraying disinfectants, 9) Providing basic food assistance. The roles played by LAZDASI NTB in preventing Covid-19 are: 1) Free mask assistance, 2) Hand sanitizer assistance, 3) Covid-19 ambulance service, 4) Disinfectant spraying, 5) Portable wash basins, 6) Implementation education Health Protocols, 7) Affected Food Packages, 8) Independent partners. Based on this, the strategy for handling Covid-19 is in accordance with the guidelines created by the government.

The Influence of Accrual Accounting Usage on Sustainable Development Goals (SDG) through Maqasid Shariah

Rosnia Masruki, Mustafa Mohd Hanefah — Sat, 16 Mar 2024 00:00:00 +0700

This study aims to explore the influence of accrual information usage on achieving Sustainable Development Goals (SDG) in accordance with maqasid shariah. Conducted qualitatively, it involved interviews with accountants from Malaysian Ministries and Local Authorities (PBT), followed by thematic analysis. The findings reveal that utilising accrual information in these entities significantly influences strategies related to SDG and maqasid shariah principles. The varied benefits indirectly contribute to SDG attainment, aligning with Malaysia MADANI's overarching policy framework, embracing six core principles: sustainability, care and compassion, respect, innovation, prosperity, and trust. This study recommends regular comprehensive reporting rooted in SDGs and maqasid shariah, highlighting its relevance. Moreover, it emphasises how accrual information usage shapes the implementation of SDG strategies in line with maqasid shariah, supporting the national government framework.

Optimizing Shariah Bank Financing Portfolios: Efficient Contract Combinations in Indonesia

Hikmatul Aliyah, Nora Azmia, Gheny Syahdiany — Sat, 16 Mar 2024 00:00:00 +0700

This research aims to optimize the financing efficiency of Shariah Commercial Banks (SCBs) in Indonesia through a portfolio analysis involving various types of financing contracts. The analytical method employed is Data Envelopment Analysis (DEA). The study focuses on 9 Shariah Commercial Banks in Indonesia, utilizing quarterly data from 2015 to 2020, resulting in a total of 216 samples. The research findings reveal that SCBs achieved the highest efficiency score of 0.99 when the proportions of murabahah, musyarakah, mudharabah, ijarah, and sukuk financing were 52.79%, 29.10%, 3.25%, 2.18%, and 12.69%, respectively. These results underscore the significant impact of the financing proportions under various contract types on SCBs' efficiency levels. The highest efficiency is attained when the financing portfolio is dominated by murabahah, particularly at a proportion of 52.79%, highlighting the crucial role of murabahah in achieving optimal efficiency.

Analysis of the Fairness of Shariah Stock Prices After the Covid-19 Pandemic in 2023 using the Dividend Discount Model Method

Devi Satriawan, Husnul Khatimah — Sat, 16 Mar 2024 00:00:00 +0700

Analysis of the fairness of stock prices is important to determine the right investment decision, ensuring that the risk of loss is minimized for investors. This research was conducted to determine the fair prices of stocks after the Covid-19 pandemic in 2023 in Sharia-compliant companies indexed by the Jakarta Islamic Index (JII). In this research, the Dividend Discount Model (DDM) method was employed to determine the fairness of stock prices. Among the 30 companies listed on the JII index, only 14 operate in the mining sector, and 10 of them have complete financial reports meeting the research criteria. Among these 10 companies, 9 are in an undervalued condition, exhibiting variations in fair prices compared to the closing market price on November 9, 2023. Notably, two stocks, Bukit Asam Tbk (PTBA) and Adaro Energy Indonesia Tbk (ADRO), show fair price differences higher than 10% of the market price. Additionally, seven companies have fair prices greater than the market price by less than 10%, including Vale Indonesia Tbk (INCO), Indocement Tunggal Prakarsa Tbk (INTP), ESSA Industries Indonesia Tbk (ESSA), Aneka Tambang Tbk (ANTM), Indika Energy Tbk (INDY), Barito Pacific Tbk (BRPT), and Semen Indonesia Tbk (SMGR). Conversely, one stock, Perusahaan Gas Negara, Tbk (PGAS), is in an overvalued condition. It is recommended to consider purchasing shares of the nine companies experiencing undervalued conditions.

Maqashid Sharia Perspective and the Opportunity of Blue Sukuk for Sustainable Development Goals in Indonesia

Dina Diana — Sat, 16 Mar 2024 00:00:00 +0700

This study aims to examining how Islam can contribute to the protection of the environment by exploring the maqashid sharia approach. It also investigates the potential of using blue sukuk investments in managing marine ecosystems to attain sustainable development goals in Indonesia. The concept of hifdh al-'alam or environmental protection is an integral part of maqashid al-sharia, which aims to safeguard all living creatures. This aligns with sustainable development goals number 14, which focuses on preserving the ocean ecosystem. The management of marine fishing in Indonesia poses several challenges that jeopardize the sustainability of fish resources, livelihoods, food security, and economic growth. To address these issues, there is a significant need for financing instruments to develop the marine sector. Blue sukuk provides an opportunity to finance this sector. The development of regulatory aspects, feasible underlying projects, investors, and inter-institutional coordination are critical for the successful implementation of blue sukuk. Key stakeholders with interests in blue sukuk are the government, investors, and fishery communities. Islamic financial institutions and mechanisms may play a significant role in the issuance and development of blue sukuk in Indonesia in the future.

SWOT Analysis of the Development Strategy of Annisa Taylor as a Waqf Business Unit at Darussalam Gontor for Girls First Campus

Suarni Ukas, Tri Intan Ristantanti, Zaskia Calista Ardelia, Andi Triyawan — Sat, 16 Mar 2024 00:00:00 +0700

Pondok Modern Darussalam Gontor is one of the institutions that is considered successful in productive waqf management. Annisa Taylor as one of the waqf business units at PMDG Putri 1 has a very important role in economic development. The purpose of this research is to analyze the development strategy of the taylor waqf business unit at Pondok Modern Darussalam Gontor based on SWOT analysis. This research plan uses a qualitative descriptive method. This method discusses the results obtained from direct visits, interviews, and literature reviews which are then used as conclusions in the formulation of existing problems. The results of this study indicate that the Annisa Taylor sector has: strengths (s) making clothes according to consumer desires, no shortage of labor (employees), distributing goods to alumni lodges, and cooperating with management in improving human resources; weaknesses (w) unable to follow trends, less space for production, human resources in quality have not met market needs, sizes that do not meet demand, do not have appreciation or appreciation; opportunity (o) producing more goods when the Drama Arena or Panggung Gembira event is held, more income at the beginning of the year (influx of prospective students), the existence of alumni huts, putting production goods for sale in mini markets or Latansa depots; threat (t) busy activities, embroidery sewing machines that hamper the quality of labor.

Analysis of the Company's Bankruptcy Rate using the Altman Z-Score and Grover Methods on Agricultural Companies Listed on the Indonesia Sharia Stock Index in 2019-2021

Hartomi Maulana, Zaki Rosyadi, Soritua Ahmad Ramdani Harahap — Sat, 16 Mar 2024 00:00:00 +0700

The Covid-19 pandemic hit global stock markets, including Indonesia. As a result, all sectoral indexes experienced a decline in their financial performance, especially the agricultural sector in the Indonesian Sharia Stock Index. This study used quantitative research. The population was obtained from 17 agricultural sector industrial companies registered with ISSI with a sample of 12 companies. The result of this study is that there are differences in score results in each bankruptcy prediction analysis method for 3 periods. The Altman Z-Score method in 2019 predicts 8 companies will be declared bankrupt and 4 companies are declared in good health. In 2020, the Altman Z-Score method predicts that 7 companies will be declared bankrupt and 5 companies will be declared in good health. In 2021, the Altman Z-Score method predicts that 7 companies will be declared bankrupt and 5 companies will be declared in good health. Grover's method in 2019 predicts that 3 companies will be declared bankrupt and 9 companies will be declared in good health. In 2020, Grover's method predicts that 3 companies will be declared bankrupt and 9 companies will be declared in good health. In 2021, Grover's method predicts that no company will be declared bankrupt and 12 companies will be declared in good health. It can be concluded that the Altman Z-Score method is considered optimal in this study to predict bankruptcy rates, assuming aspects of the Altman Z-Score method that highlight the company's profitability so as to affect the deeper accuracy of the company's financial performance.

Leverage and Liquidity Ratio on Islamic Social Reporting Disclosures on Property Companies

Ely Windarti Hastuti, Farah Salsabila, Salysya Dzakiyah Al Abidah — Sat, 16 Mar 2024 00:00:00 +0700

It is important to know the performance of a company to evaluate the level of company activity in a certain period. Measurement of company performance can be seen from financial and non-financial performance. Some of the ratios used to measure the company's financial performance include liquidity and leverage ratios. Meanwhile, the performance of non-financial companies can be seen from the disclosure of social responsibility. The standard for disclosure of social responsibility that takes into account the aspects of Islamic is Islamic social reporting. In addition, companies must also pay attention to the aspects of accountability and transparency in calculating financial performance and disclosure of social responsibility. The purpose of this research is to analyze the effect of liquidity ratios and leverage in social responsibility disclosure in property sector companies. This type of research is quantitative. The sample used is 21 major sector property companies in Indonesia in the 2015-2019 period. The data analysis technique used is multiple linear regression analysis and Moderated Regression Analysis (MRA) because this research uses two independent variables and a moderating variable. The results showed that the leverage and liquidity variables partially has a positive and not significant effect on social responsibility disclosure.

The Influence of Islamic Financing on Profitability of Sharia Commercial Banks in Indonesia

Muhammad Fachrizal Wahyu Darma Putra, Fitrian Aprilianto, Afifah Nur Millatina — Sat, 16 Mar 2024 00:00:00 +0700

The aims of this study to analyze this is to analyze the effect of murabahah financing, musyarakah financing, mudharabah financing and ijarah financing on the profitability (ROA) of Islamic commercial banks for the period 2015-2021. The type of research used is a type of quantitative research with an associative approach. The dependent variable used in this study is profitability (ROA). The results of this study indicate that; murabahah financing partially has a negative and insignificant effect on the profitability (ROA) of Islamic commercial banks, musyarakah financing partially has a positive and significant effect on the profitability (ROA) of Islamic commercial banks, mudharabah financing partially has a negative and insignificant effect on the profitability (ROA) of banks general sharia, ijarah financing partially has a positive and significant effect on the profitability (ROA) of Islamic commercial banks. Murabahah financing, musyarakah financing, mudharabah financing and ijarah financing simultaneously have a significant effect on the profitability (ROA) of Islamic Commercial Banks.

Analysis of The Influence of Shopping Lifestyle, Time Pressure, Religius, and Islamic Financial Literacy on Impulsive Buying on Shopee Live Streaming

Karmila Sari, Saniatun Nurhasanah — Sat, 16 Mar 2024 00:00:00 +0700

Use of live streaming platforms in shop has become trends in the digital era, in particular through Shopee Live Streaming application. This research aims to analyze influence style life shopping, pressure time, religiosity, and literacy Islamic finance towards behavior purchase impulsive on the platform. Research sample taken as many as 100 respondents and processed use Structural Equation Modeling Partial Least Square (SEM-PLS) method with application SmartPLS 3. Stages testing done with the Evaluation of Measurement Model (Outer Model) and Evaluation of Structural Model (Inner Model) tests . The results of this research show that Shopping Lifestyle and Time-Pressure are consistent positive show influence significant influential against impulse buying on Shopee Live Streaming. However , Religiosity and Islamic Financial Literacy have connection negative and not significant regarding Impulse Buying on Shopee Live Streaming. And overall the variables Shopping Lifestyle, Time-Pressure, Religiosity and Islamic Financial Literacy contribute of 46.5% in influence Impulse Buying Variable .

Keywords: Shopping Lifestyle, Time-Pressure, Religiosity, Islamic Financial Literacy, Live Streaming, Impulse Buying.

Digital Marketing Strategy, Muslim Consumer Loyalty and Managerial Decisions on Company Profitability at Batik Jlantir

Sat, 16 Mar 2024 00:00:00 +0700

The company considers many factors and decides digital marketing strategies and non-digital marketing strategies to achieve maximum profit. In addition, the company maintains a good relationship with its environment and offers a good service to its customers. The manager's role also determines the company and its short-term or long-term profit goals. Therefore, this study aims to examine Batik Jlantir's digital marketing strategy, Muslim customer loyalty, and management decisions that affect the company's profitability. This research method uses a quantitative approach to various causal relationships. The population of this research is all stakeholders of Batik Jlantir company and the research sample is 96 people. This study shows that there is a positive and significant relationship between Batik Jlantir's digital marketing strategy, Muslim customer loyalty, and management decisions on company productivity. The study shows the implications for the stakeholders of Batik Jlantir to adopt appropriate policies to maintain good customer service, improve digital marketing and achieve company profitability.

Keywords: Profitability, Digital Marketing, Batik Jlantir

The Effect of Price and Service Quality on Customer Satisfaction at Cafe Dema Gontor Campus 2

Noviana Prasanti, Alfin Natiqul Mahmud, Ahmad Suminto, Muhammad Jafar — Sat, 16 Mar 2024 00:00:00 +0700

Cafe Dema is a significant and influential economic factor. Its role at Pondok Modern Darussalam Gontor Campus 2 is to be a driver, supporter, and driver of economic growth. Cafe Dema also has important duties and responsibilities at Pondok Modern Darussalam Gontor Campus 2 in improving the economy of Gontor Campus 2 students and stabilizing student activities at Gontor Campus 2. As a result, the cottage has a Cafe Dema business to support these activities. Cafe Dema specializes in hearty fare. Many efforts have been made to attract customers, one of which is to improve service quality. As a result, the café dema staff takes special care of the service that customers enjoy. This is done to ensure that customers are happy with the service they received. A descriptive quantitative research model is used in this study. Interviews and questionnaires were used to collect primary data. Random sampling is used in the sampling technique. Multiple linear regression with SPSS statistics 26 is the data analysis technique used. Based on previous research, it is known that the variables of service quality and price affect customer satisfaction at Café Dema. This is shown based on the results of the f test above, it can be seen that the value of Sig. 0.000 < 0.05 besides that there is a calculated f value of 106.965 while f table 2.69 then it can be concluded that there is a simultaneous influence between the free variables on the bound variable, this is because the significance value is smaller and the calculated f is greater than the table f. For subsequent researchers it is advisable to add other independent variables besides the quality of service, to further complement this study since there are still other independent variables outside of this study that can affect consumer satisfaction and loyalty.

Keywords: Quality of Service, Price, Customer Satisfaction

The Impact of NCT Dreams ad Brand Ambassadors and Brand Image on Consumer Impulsive Buying Behavior: A Case Study of Lemonilo Instant Noodle Consumers

Nufih Wahda Maulidya, Hanik Fitriani — Sat, 16 Mar 2024 00:00:00 +0700

Indonesia is the country with the second highest level of instant noodle consumption after China. Lemonilo instant noodle products are in the expensive category, as evidenced by sales data for Lemonilo instant noodles in January 2022 which only reached 6.3%. Meanwhile, after collaborating with NCT Dream as brand ambassador, sales figures for Lemonilo instant noodles rose to 154.9%. To increase sales and expand its market, Lemonilo attracts consumer interest by collaborating with NCT Dream as a brand ambassador and adding a member photocard bonus in the packaging as well as an online fansign lottery so that it motivates its fans to do impulsive buying. This research aims to determine the influence of brand ambassadors on impulsive buying, brand image on impulsive buying, and brand ambassadors and brand image on impulsive buying. This type of research is quantitative with data collection methods using questionnaires. Researchers took samples from a population of 96 NCT Dream fans who bought Lemonilo instant noodle products. The research results show that: 1) The brand ambassador variable has a positive and significant effect on impulsive buying, 2) The brand image variable has a positive and significant effect on impulsive buying, 3) The brand ambassador and brand image variables simultaneously have a significant effect on impulsive buying. The coefficient of determination of brand ambassador and brand image has an influence of 41.7% on impulsive buying and 58.3% is influenced by other factors.

Keywords: Brand Ambassador, Brand Image, Impulsive Buying

The Influence of Customer Relationship Management, Brand Ambassador and E-Commerce Innovation on Tokopedia User Loyalty in Jabodetabek (Case Study of Generation Z)

Zaib Syahrul Mubaroq, Sutopo — Sat, 16 Mar 2024 00:00:00 +0700

This study aims to analyze the direct effect of the variables Customer Relationship Management, Brand Ambassador and E-Commerce Innovation on Tokopedia User Loyalty in Jabodetabek with Generation Z as the research object.This research is a quantitative research with an associative approach. The type of data used is primary data obtained through questionnaires that have been distributed and secondary data that researchers obtained from literature relating to the problems studied. The data analysis technique used is descriptive statistics and structural equation modeling (SEM) analysis with the partial least squares (PLS) method, all of which will be processed in the SmartPLS 3 application. The results of this study found that there was a positive and significant influence between the three independent variables in this study, namely the variable customer relationship management, brand ambassadors and e-commerce innovation on the loyalty of generation z Tokopedia users in Jabodetabek.

Keywords: Customer Relationship Management, Brand Ambassador, E-Commerce Innovation Customer Loyalty.

Islamic Review of Impulsive Buying on Shopee for UNIDA Gontor Students 2022

Amin Fonda Astiti Rob Rahayu, Nusa Dewa Harsoyo, Ahmad Suminto — Sat, 16 Mar 2024 00:00:00 +0700

Based data of administration Gontor for girls first campus, there are 49,08 % of the total female students receiving packages from shopee. In fact, the campus has provided facilities in the form of a mini market. However, there are still many students who like to shop online. The purpose of this research is to analyze impulsive buying behavior judging from islamic perspective. This study uses a descriptive qualitative method using primary and secondary data. The data collection techniques used triangulation, which were carried out on 10 informants and also 111 respondents using shopee who made purchases at least 1 time in 1 month. The results of this study are that the category of impulsive buying among female students at University of Darussalam Gontor in 2022 is mostly in the suggested and planned impulsive buying categories, but sometimes there are also reminders of impulsive buying. The students have implemented consumption behavior that is in accordance with Islamic teachings. For future researchers, it is expected to add other variables that may not have been examined by the author in order to find out other variables that have a major influence on impulsive buying behavior on the Shopee online site.

Keywords: Impulsive Buying, Shopee, Islamic Review

The Influence of Tik-Tok Social Media, Celebrity Endorsers and Product Quality on Bittersweet By Najla Consumer Purchasing Decision (Study On Bittersweet By Najla Consumers at Malang Raya)

Rofiqoh Abidah, Muslikhati, Sri Cahyaning Umi Salama — Sat, 16 Mar 2024 00:00:00 +0700

This research aims to determine the influence of Tik-Tok social media,Celebrity Endorser and Product Quality on Bittersweet Product Purchasing Decisions By Najla. The method used is quantitative with an associative approach, using 127 samples, from Greater Malang area including Batu City, Malang City and Malang Regency. This research used analytical methods Structural Equation Model (SEM) with software smart partial least square (PLS) 4.0. The results of this research show that (1) Tik-Tok social media has a significant influence on purchase decision for Bittersweet's By Najla; (2) Celebrity Endorser significant influence on purchase decision for Bittersweet's By Najla; and (3) Product quality has an significant effect on the decision to purchase Bittersweet By Najla

Keywords: Tik-Tok Social Media, Celebrity Endorser, Product Quality, Purchase Decisions.

Assessment of E-Commerce in Nigeria in the Light of Māliki Jurisprudence

Musa-Jeje Ibrahim Aladire — Sat, 16 Mar 2024 00:00:00 +0700

Prior to the introduction of paper money and modern banking, bartering in the context of directly trading goods and services was used. This barter system was incredibly effective, which may explain why it was used for centuries without obvious need to be replaced. However, as more advanced mode of production and rapidly expanding markets have emerged, it becomes increasingly ineffective. As a result, alternative means of exchange were invented, resulting in the development of paper money issued by the government and banks, making financial transactions more transparent and controlled. Central banks started printing paper in different denominations. Today, the vast majority of national currencies are non-convertible fiat. With the advent of knowledge and communication technologies in the twenty first century, many countries shifted to the online business activities. The method employed in this paper historical and analytical. Historically, the paper tends to unravel the historical event that are pertinent to the topic while analytical methods is meant to analyze the finds from the historical events, it ends with conclusion and recommendation’s. The researcher relies on journals, textbooks, magazines, internet materials.

Development of Djadoel Pekalongan Culinary Tourism Based on KHAS (Halal Culinary, Safe, and Healthy)

Sat, 16 Mar 2024 00:00:00 +0700

Pekalongan City is an area that has quite large potential to become a tourist attraction, one of which is the Djadoel Pekalongan Culinary Area. The Djadoel Pekalongan Culinary Area can be said to be quite unique culinary tourism because the area provides various types of traditional food and drinks. In line with the rise of the halal lifestyle trend, KNEKS issued guidelines for implementing the KHAS (Halal, Safe, Healthy Culinary) zone as a form of responding to the development of the Halal Lifestyle trend in Indonesia. Therefore, the application of the SPECIAL zone concept in the Djadoel Pekalongan Culinary Area has the potential to develop culinary tourism and become an attraction for tourists, especially Muslim tourists. This type of research is Qualitative Research. Data collection was carried out using field research and reference studies to find a KHAS-based method for developing the Djadoel Pekalongan Culinary Area. Based on the research conducted, a KHAS-based Djadoel Pekalongan Culinary Area development strategy has been prepared. In the process of developing the KHAS-based Djadoel Pekalongan Culinary Area, there are several aspects that need to be fulfilled, such as halal certification for the products produced. Apart from that, providing facilities such as clean water and places of worship is also one of the supporting aspects of implementing the KHAS zone in the Djadoel Pekalongan Culinary Area

A Conceptual Paper: Islamic Corporate Governance and Earnings Management

Winarsih, Maya Indriastuti, Ahmad Hijri Alfian — Sat, 16 Mar 2024 00:00:00 +0700

Earnings management is a theme that is still interesting to research today. This is because earnings management is able to provide an overview of managers' behavior in reporting their business activities in a certain period, namely the possibility of the emergence of certain motivations that encourage them to manage or to arrange the reported financial data. This study will examine the Islamic corporate governance of earnings management with a target sample consisting of 65 annual reports of Islamic banks in Indonesia from 2018 to 2022 and be analyze by using panel data regression analysis. This research contributes to the literature on earnings management practices by looking at the extent to which Islamic banks in Indonesia take their controlling market expectations and keeping stock prices high

A Conceptual Paper: Corporate Value Strategic Performance Implications Banking and Bank Sustainability

Aldila Dwi Septa Nawancatur, Muhammad Ja’far Shodiq — Sat, 16 Mar 2024 00:00:00 +0700

Indonesia is a country with very rapid economic development, this can be seen from the increasing number of companies from year to year. In the current era of globalization, many financial institutions are growing and developing rapidly in the Indonesian economy. A high company value is the desire of company owners, because a high value shows that shareholder prosperity is also high. In the banking business, covering financial aspects alone cannot represent bank performance without evaluating the value of the impact of business activities on the environment and social as well as positive and negative performance. Apart from that, banking business units are also required to meet targets sustainability development goals(SDGs) which is the key to the sustainability of all sectors and fields in the world, so this indicates that the implementation of SDGs is very important in the eyes of the public. This research wants to test howsustainablebanks influence banking performance and company value. This research develops a causality model of the relationship between banking performance and sustainability as an independent variable, with company value as the dependent variable. In order to make the visibility of the impact of the two independent variables on company value more general and measurable, the model construction was developed by presenting company size and culture variables as control variables. The data analysis techniques used in this research are descriptive analysis and multiple linear regression analysis. Multiple linear regression analysis is an analysis to determine the effect of more than one independent variable on more than one dependent variable on the dependent variable

The Influence of Organizational Culture, Job Stress on Turnover Intention with Job Satisfaction as an Intervening Variable

Natasya Milleny, I Gede Adiputra — Sat, 16 Mar 2024 00:00:00 +0700

One of the human resource problems faced by startup companies is the high turnover intention of employees working in their companies. Turnover is an actual problem faced by various companies from various industrial and business lines. The purpose of this study is to analyze the influence of organizational culture and Work Stress on Turnover Intention in star up companies in Jakarta. The object of this study consists of 125 selected responses by purposive sampling. The results of this study can be concluded that organizational culture has a negative and significant influence on employee turnover intention in startup companies in Jakarta, organizational culture has a positive and significant influence on job satisfaction, work stress has a positive and significant influence on turnover intention Employees, work stress has a negative and significant influence on employee job satisfaction, job satisfaction has a negative and insignificant influence on employee turnover intention, organizational culture has a negative and significant influence on turnover intention through job satisfaction employees, as well as work stress have a positive and significant influence on turnover intention through employee job satisfaction at startup companies in Jakarta

The Analysis of Key Determinants in Zakat Performance: A Study from Stakeholders’ Perspective

Bedjo Santoso, Marno Nugroho — Sat, 16 Mar 2024 00:00:00 +0700

Zakat is an important mechanism for the development of the country. Zakat contributes to social security and harmony to help bridge the gap and strengthen economic independence. Currently, zakat management managed by Zakat Management Organization is still largely managed informally, so some important things such as good governance, credibility, accountability, and professionalism have not been taken into account. The key to improving the quality and quantity of zakat as a productive and potential public fund is in its management. Professional zakat management is the main prerequisite that should not be abandoned. The purpose of this study is to analyze the degree of difference in perception and attributes of zakat management including trust, transparency, credibility, and accountability on the elements or parties in zakat performance namely zakat institutions, zakat collecting units, zakat payers and selected zakat recipients. The study used a questionnaire collection method with 150 respondents. The analysis is done by testing different perceptions. The results showed that the four stakeholders had different perceptions in terms of improving zakat management. Thus, further research is needed for the common perception of all parties involved in ZMO. The results of this study are expected to contribute to zakat performance research

Analysis of Factors Influencing the Performance of Halal Product Process Facilitator at IAI TAZKIA

Az Zahra Zaahiroh, Anita Priantina — Sat, 16 Mar 2024 00:00:00 +0700

The purpose of this study is to see whether attitude, subjective norm, behavioral control, and initiative have significant relationship with performance of Halal Product Process Facilitator (PPH). The data analysis method used is Partial Least Square Structural Equating Modeling (PLS-SEM), online questionnaires were distributed to all of the IAI Tazkia’s Halal Product Process Facilitator (PPH). This study found that the variables of behavioral control and initiative have the positive and significant effect on the performance, where the variables of attitude and subjective norm does not indicate the significant relationship with the performance variable.

Gold as Safe Haven Strategy During Covid-19 Pandemic: The Case of Bursa Malaysia

Norasikin Salikin, Norailis Ab. Wahab — Sat, 16 Mar 2024 00:00:00 +0700

Studies on the property of gold investment as safe haven strategies have been done worldwide. However, the study on the impact of Covid-19 crisis is limited as the crisis is still new. This study is trying to fill in the gap by identifying the safe haven property of gold in Malaysia market. Preliminary results show that performance of gold price is parallel with the performance of KLSE during the pandemic. It shows that the property does not exist in Malaysian market. However, statistical test needs to be done to identify the result precisely. It hopes that result of the study could help investors in constructing better portfolio in managing the risk of their investment

Halal Administration and Branding in Muslim Minority Countries: A Case of Uganda

Aina-Obe Shamsuddin Bolatito, Shifa Wahab — Sat, 16 Mar 2024 00:00:00 +0700

As the global Muslim market grows, halal branding is seen to be an emotional appeal to many practicing Muslims and hence perceived to be an effective marketing strategy for many food-producing firms. In Uganda, the concept of Islamic branding has not yet received full attention. Therefore, it is worth investigating the factors that affect Halal administration and branding in Muslim-minority countries. This study provides an in-depth examination of the administration and branding of halal goods by exploring the dynamic evolving landscape arena of Halal administration and branding with a particular emphasis on the scenario in Uganda. The research examines the several facets of halal certification, including its benefits within Islamic dietary regulations and the obstacles encountered in guaranteeing adherence. It delves into the significance of branding in promoting halal goods and establishing a competitive edge for firms operating in countries with Muslim minority populations. The study utilizes reputable print materials, academic journals, and website information to comprehensively examine the subject matter. The research further seeks to enhance the overall comprehension of Halal procedures in Muslim minority situations and provide an organized approach for similar nations grappling with the intricacies of Halal certification and branding. Challenges such as standardization, consumer awareness, and supply chain integrity are critically assessed thereby proposing strategic approaches for overcoming these challenges, emphasizing the need for collaboration between governmental, religious, and commercial entities

Relevance of Islamic Financial Instruments in Financing Micro and Small Enterprises in Gombe State, Nigeria

Hamza Abubakar Hussaini, Yakubu Tahir Maigari, Adamu Abubakar Muhammad — Sat, 16 Mar 2024 00:00:00 +0700

This paper aimed to investigate the role of Islamic financial instruments in providing financial support to micro and small enterprises in Nigeria at large and Gombe state in particular. Despite the opportunities presented by the micro and small enterprise sector for economic growth and investment as well as job opportunities, the sector is largely underdeveloped due to lack of direct access to capital and poor managerial experience by many entrepreneurs. This research paper uses a unique combination of qualitative and quantitative research methods to understand the existing financing structures, challenges and identify the potential of Islamic financial instruments as a source of capital for micro and small enterprises in Gombe state Nigeria. The research adopts a series of semi-structured interviews, document analysis, and a survey of various micro and small enterprises within Kashere town and Gombe metropolis for sampling. The findings of the research suggest that the majority of micro and small enterprises are unaware of or having no access to Islamic financial instruments for funding businesses and there is need for better education and awareness regarding these instruments. Additionally, the research paper concludes with recommendations for policymakers, institutions and practitioners on how to increase the use of Islamic financial instruments in Gombe state Nigeria and proper awareness to promote micro and small enterprises for economic growth and development within the study area.

Keywords: Islamic Financial Instruments, Micro-Enterprises, Nigeria

A Conceptual Paper: Factors Affecting the Stability of Islamic Banking

Sat, 16 Mar 2024 00:00:00 +0700

This article aims to build a conceptual framework. The main objective of this study is to develop a literature review of the factors that affect the stability of Islamic banking in the GCC countries. The factors used in assessing the stability of Islamic banking are efficiency and financing risk. Islamic banks can obtain stability by managing their costs to remain efficient. By maintaining the stability of Islamic banks, the intermediation function and Islamic banking services can run optimally to contribute to economic growth. This article uses a qualitative approach and the data used is secondary data sourced from literature, books, and research journals. The result of this article is the establishment of a conceptual framework regarding how to maintain the stability of Islamic banking in GCC countries. It is expected that future research will be able to use a quantitative approach with Data Envelopment Analysis (DEA) that can help get the results of efficient and inefficient levels of providing research recommendations.

Keywords: Islamic Bank, Stability, Efficiency, Financing Risk

Exploring Cryptocurrency Investment Choices among Generation Z Muslims – A Conceptual Analysis

Verina Purnamasari , Dian Essa Nugrahini , Diah Ayu Kusumawati — Sat, 16 Mar 2024 00:00:00 +0700

The emergence of cryptocurrency as a form of digital currency investment is a consequence of the global shift towards a technology-driven way of life. Despite its notable volatility, intricate price dynamics, and decentralized nature, cryptocurrencies have managed to attract a considerable number of investors for reasons that are not extensively explored. Indonesia, situated in Asia and characterized by a predominantly Islamic population and heightened awareness of cryptocurrencies, stands out in this context. The primary objective of this study is to pinpoint the factors that influence investment decisions in cryptocurrencies among potential Generation Z investors in Indonesia. The research methodology involves the dissemination of surveys to individuals who meet specific criteria, including being Indonesian citizens, at least 17 years old, practicing Islam, and possessing a National Identity Card, a prerequisite for engaging in cryptocurrency investments. The gathered data will undergo analysis using Structural Equation Modeling (SEM) equations through the SmartPLS application

Keywords: Cryptocurrencies, Investments, Attitudes to risk, Subjective norms, Machine learning forecasting.

The Impact of Costumer Experience and Electronic Word of Mouth on Brand Trust

Alya Nursakinah , Afif Zaerofi, Shofi Arofatul Marits — Sat, 16 Mar 2024 00:00:00 +0700

This research aims to find out whether there is an influence of customer experience and electronic word of mouth (E-WoM) on brand trust of local skincare products of Z- Generation living in Jakarta, Bogor, Depok, Tangerang and Bekasi (Jabodetabek). This research uses a descriptive quantitative approach. To collect the data, a questionnaire is distributed to a total of 145 skincare products users. To analyse the data, multiple linear regression analysis is employed. This research shows that customer experience and E-WoM have a positive significant effect on Brand Trust both partially amd simultinously.

Keywords: Customer Experience, E-WoM, Brand Trust

Risk Mitigation Analysis on Illegal Online Loans Based on DSN MUI Fatwa Number 117/DSN/MUI/II/2018 (Study Case in Maguwoharjo Village)

Rahma Yudi Astuti , Malihatin — Sat, 16 Mar 2024 00:00:00 +0700

The rapid development of financial technology has emerged various illegal online applications that provide convenience in lending and borrowing transactions more simply and quickly in the application process, but due to the many risks that occur such as defaults by borrowers and terror carried out by debt collectors make losses to the public. This study aims to analyze the risk mitigation of illegal online loans based on DSN MUI fatwa Number 117 / DSNMUI / II / 2018. The method used in the research is descriptive qualitative with case studies using snowball sampling with a unit of analysis that focuses on people and activities, namely individuals who have made illegal online loans. The informants in this study are 6 (six) people who use illegal online loan applications in Maguwoharjo Village, Yogyakarta Special Region. The type of data used is primary data supported by secondary data collected and data collection techniques using interviews and documentation. The results of this study show that risk mitigation has been carried out by every individual who makes illegal online loan transactions, namely receiving, reducing, and transferring to minimize the risk that occurs. Online lending is allowed. The most crucial thing in its application is that it does not conflict with sharia principles, including usury, gharar, maysir, tadlis, dharar, zhulm, and haram.

Keywords: Risk mitigation, Illegal online loans, fatwa DSN MUI Nomor 117/DSNMUI/II/2018

Optimizing CSR Funds For the Economic Empowerment Community Through Islamic Financial Technology

Sat, 16 Mar 2024 00:00:00 +0700

The problem of poverty in Indonesia is still unfinished and this is not only the task of the government but also the concern of all stakeholders. not only a task for the government but should also be a concern for the entire community in creating economic empowerment opportunities. society in creating opportunities for economic empowerment. This research seeks to examine the optimization of CSR funds so that they can be accessed by the wider community using Islamic Financial Technology. by the wider community using Islamic Financial Technology. This research uses a literature review method with a qualitative approach. The research results in Islamic Financial Technology can be used as solution options and ideas to these problems this Fintech will be accessible to the wider community, especially rural communities that are still accessible to the wider community, especially rural communities who still do not have access to banks or are constrained by who still do not access to banks or are constrained in terms of funding.

Keywords: Poverty, CSR, Islamic Financial Technology

Sharia Fintech Transformation to Encourgae the Inclusivity Growth of Small and Medium Enterprises in Indonesia

Sat, 16 Mar 2024 00:00:00 +0700

Fintech is a business field that provides financial and banking services through the use of technology. The presence of fintech aims to make it easier for people to access financial products and services, including conducting financial transactions. This study aims to understand how fintech innovation can make a significant contribution to financial access and MSME growth. This research is a descriptive qualitative research. This research is a type of library research conducted through the study of various literatures relevant to the research. The results showed that the transformation of Islamic fintech not only provides financial solutions in accordance with sharia principles, but also plays an important role in increasing the inclusiveness of micro, small and medium enterprises. Policy implications and further development directions are discussed to support the implementation of Islamic fintech as a driver of inclusive growth in Indonesia's MSME sector.

Keywords: Islamic Financial Technology, MSMEs, Inclusive Finance

The Effect of the Product, Price, Place and Promotion on the Customer Satisfaction According to the Islamic Perspective

Farid Khairi, Abdul Latif — Sat, 16 Mar 2024 00:00:00 +0700

The marketing mix (Product, Price, Place, and Promotion) is essential in achieving buyer satisfaction, especially from the Islamic perspective. This quantitative research study aims to test the effect of the marketing mix on buyer satisfaction from an Islamic perspective, especially in the case of the La Tansa Sandal Factory. This study used multiple linear regression analysis methods and involved 200 respondents. La Tansa Sandal Factory is a business unit of Darussalam Gontor Islamic Boarding School, an Islamic educational institution that has achieved economic independence through a successful economic protection program. The results showed that the product variable (X1) had a significant positive effect on customer satisfaction (Y), while the price variable (X2) had a significant adverse impact on customer satisfaction (Y). The place variable (X3) also has a negative and insignificant effect on customer satisfaction (Y), while the promotion variable (X4) has a positive and significant impact on customer satisfaction (Y). These findings highlight the urgency of the marketing mix on buyer satisfaction, emphasizing the importance of product quality and promotional strategies in improving customer satisfaction from an Islamic perspective. La Tansa Sandals Manufacturers should focus on increasing their products' uniqueness, universality, relevance, and quality. They can research to understand the needs and preferences of their customers and develop products that meet those needs. They can also invest in product design and innovation to differentiate themselves.

Keywords: Marketing Mix 4P, Customer Satisfaction, Islamic Marketing

A Conceptual Paper of Risk Industry Moderation: Sustainable Growth, Intellectual Capital, and Firm Value Dynamics

Fatikhatur Rohmah, Muhammad Ja’far Shodiq — Sat, 16 Mar 2024 00:00:00 +0700

This research investigates the impact of industry risk barriers on the relationship between intellectual capital and sustainable growth rate on firm value. The focus of this study is on companies listed in the LQ45 Index on the Indonesia Stock Exchange during the 2020-2022 period. The research uses quantitative methods with an explanatory research design. Data was taken using a purposive sampling technique, and data analysis was carried out using Moderated Regression Analysis (MRA). It is hoped that the findings of this research will contribute to the understanding of the role of industry risk barriers as a moderating variable in influencing the relationship between intellectual capital, sustainable growth rates, and firm value. The results of the analysis are expected to provide insight for stakeholders, especially company policymakers, to identify factors that can influence firm value more effectively. It is hoped that the conclusions of this research can be the basis for developing better risk management strategies in optimizing firm value amidst ever-changing market dynamics.

Analysis of the Influence of Monetary Instrument on the Real Sector: Using Industrial Production Index (IPI) Approach

Ahmad Suminto, Risma Nada Azkiya — Sat, 16 Mar 2024 00:00:00 +0700

The role of the monetary sector in Indonesia's economic growth is very important by minimizing transaction costs or information in financial markets, to ensure the smooth flow of economic activities and enhance the productivity of individuals in the production of goods and services in the real sector. The purpose of this study is to determine the influence of monetary instruments on the real sector using Industrial Production Index (IPI) approach. This research uses quantitative methods with an Autoregressive Distributed Lag (ARDL) estimation model, with Bank Indonesia Certificates (SBI), Interbank Money Market (PUAB) and credit as independent variables of monetary instruments, while Industrial Production Index (IPI) as the dependent variable. The results of this research show that the variable SBI in this research had in-significant results on IPI. Therefore, SBI in this research has no influence on IPI. Variable interbank money market the result of this research is that the interbank variable has an influence on IPI. The variable credit for the results of this study is in-significant. Thus, credit variables have no effect on IPI. Based on the results of the f-test on monetary instruments, it can be described that instruments from monetary have a probability value of 0.0013 < 0.05. The coefficient of determination test on the monetary instruments, it can be described that monetary instruments have an influence of 45.53%, where the influence comes from SBI, interbank money market and credit variables as monetary instrument variables.