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

Industrial Relations with Ukhuwwah (Brotherhood), ‘Adl (Justice), and Ihsan (Benevolence)

Suhaimi Mhd Sarif , Dolhadi Zainudin, Yusof Ismail, Yayan Firmansah — Tue, 17 Dec 2024 00:00:00 +0700

Traditional perspectives on industrial relations argued that the persistent competition among different entities, including workers, capitalists, bureaucrats, and authorities, with the goal of reducing operating costs while maximising financial profits. In contrast, Islamic values such as ukhuwwah (brotherhood), ‘adl (justice), and ihsan (benevolence) place importance on establishing a harmonious and ethical relationship between employers and employees, which serves as a solid foundation for creating a positive work environment. This study used grounded theory method through focused group discussion to explore the integration of Islamic values into the industrial relations of Islamic universities. It focuses on insights from participants who emphasised the significance of promoting positive human relationships, incorporating Islamic teachings, and maintaining a balance between procedural work and community-building activities. The study's findings suggest that incorporating these principles can establish a cohesive and morally upright work environment that is advantageous for both employees and organisations. Suggestions for the industrial relations unit, top management, board of governors, and the government involve cultivating strong unity through team-building, maintaining fairness with clear and open policies, and promoting excellence by supporting professional growth and empathetic work conditions.

Staffing Practices in an Islamic University in Malaysia: A Conceptual Paper

Nurita Juhdi, Nur Arfifah Abdul Sabian, Usmanul Khakim, Suhaiza Safian — Tue, 17 Dec 2024 00:00:00 +0700

The objective of the study is to investigate the recruitment and selection practices of an Islamic university in Malaysia. The study is conducted due to the fact that the university has a long-standing reputation as the oldest Islamic university is Malaysia that has the merit to be used as a benchmark for other Islamic universities. Given the growing population of Muslims around the world combined with the thriving Islamic economy, a study should be conducted on the organizations’ practices in recruiting and selecting the employees. In Islam, recruiting and selecting employees are no different from the conventional way but the former has the spiritual elements that are based on revealed knowledge and not only based on rationality and emotions. Employees from four different categories from the university will be interviewed and the data will be analyzed using thematic analysis. The findings are expected to be used to develop an Islamic recruitment and selection model that is able to employ high quality employees that lead to high performing organizations.

Link the Dots: Pesantren University, Islamization, and Recruitment

A Farid Saifuddin, M Faqih Nidzom, Nurita Juhdi, M Kholid Muslih, Usmanul Khakim — Tue, 17 Dec 2024 00:00:00 +0700

This study aims to describe the relationship (link the dots) between Islamization, Pesantren Universities and Recruitment; the case of University ofDarussalam (UNIDA Gontor). The method used is Prospective Case Study. There are five steps of the case study, namely: data collection, data reduction, data display and conclusions. This study has described the link between the three dots: Pesantren University (UNIDA Gontor), Islamization, and recruitment. The finding is recruitment as a gateway in selecting the best candidates to realize UNIDA's vision of Islamization. It can be concluded that the position of recruitment within the framework of a pesantren university has been described. In addition, this study also has various limitations including 1) this study has not described recruitment practices at UNIDA Gontor. 2) This study has not yet reached a detailed explanation of recruitment rules based on the vision of the Islamization of Contemporary Knowledge.

Influence of Tawhidic Paradigm in the Training and Development Practices of Islamic Universities

Suhaimi Mhd Sarif, Yusof Ismail, Fuad Muhammad Zein, Yayan Firmansah — Tue, 17 Dec 2024 00:00:00 +0700

Training and development practices are influenced by organizational direction and environmental dynamism. The organisational bottom line has been the main driver shaping these practices. For Islamic universities, they are influenced by the Tawhidic paradigm. This research aims to explore the influence of the Tawhidic paradigm on Islamic universities’ training and development practices. The study employed qualitative research through personal interviews with staff members of Islamic universities. The Tawhidic paradigm influences training and development at Islamic universities based on the principles of ukhuwwah (brotherhood), ‘adl (justice), and ihsan (benevolence). These principles led to a supportive and cooperative work environment, encourage fair treatment and justice, and inspire individuals to go beyond their basic duties with compassion and benevolence. Furthermore, training and development also align with the Madani Malaysia principles of keMampanan (sustainability), kesejAhteraan (prosperity), Daya cipta (innovation), hormAt (respect), keyakiNan (trust), and Ihsan (compassion).The theoretical contribution enhances understanding of how the Tawhidic paradigm impacts training and development practices, emphasizing ukhuwwah, ‘adl, and ihsan with Madani Malaysia principles in ethical work environments. For policy implications, there is a need for policies that integrate the Tawhidic paradigm into staff training and development, ensuring ongoing training and adaptability. In terms of practical implications, this research guides practitioners in incorporating Tawhidic principles into training, fostering collaboration, fairness, and compassion, and aligning with Madani Malaysia values.

Theorizing of Islamic Human Resources Management in University of Darussalam Gontor : Grounded Research Method

Tue, 17 Dec 2024 00:00:00 +0700

In the context of Islamic higher education, developing HRD based on an Islamic worldview is also the key to implementing comprehensive teaching, learning, and active relationship activities. This research aims to explain, identify, and provide an understanding of human concepts with an Islamic worldview, the process of Islamization, and the application of Islamic human resource development in higher education (IHRD). This study is categorized as a qualitative approach using grounded research methods. The data was selected and analyzed using open coding, axial coding, and selective coding that offers concepts (IHRD). The results show that the implementation of IHRD at UNIDA which simultaneously uses Islamization practices is a series of Total Devote Management (TDM) approaches. TDM is an effort to develop humans with a set of values and is processed based on the five souls, strengthened by the educational process (academic, non-academic, four pillars of education, and eight educational integrations), and has the goal of becoming human beings. Both the foundation, building, and goals are achieved together and form an integrated whole.

Promotional Strategies In The Use of Influencers on Pt Kampong Teripang In Bintan

Satriadi, Muhammad Sahid Dimitri — Thu, 19 Dec 2024 00:00:00 +0700

A promotional strategy is a method commonly used to improve a company's image by advertising the company's products and brands through various media. This study aims to analyze the promotional strategy implemented by PT Kampong Teripang using Influencers. This research involved 32 people, with a sample of 5 people, and on the effectiveness of using influencers in improving the company's image and product sales. Descriptive qualitative research method was used with data collection techniques through in-depth interviews, observation, and documentation studies. The sampling technique used was Non-Probability Sampling, specifically Purposive Sampling. The results showed that PT Kampong Teripang successfully utilized influencers as an effective promotional strategy, increasing brand awareness and sales. This promotional strategy includes sales promotion, publicity, personal selling, digital marketing, utilizing influencers, market orientation, and competitive advantage. The conclusion of this study shows that the promotional strategy of using influencers is able to increase brand awareness and brand trust and the promotional strategy of using influencers is believed to be different from only utilizing social media and conventional marketing.

Human Capital In BPRS For Organizational Efficiency And Employee Productivity

Muhammad Syahrul Hidayat, Nurul Mazidah, Didik Supardana Setia Aksana, Nurhayati — Thu, 19 Dec 2024 00:00:00 +0700

This study aims to examine and analyze the role of human capital in improving organizational efficiency and employee productivity in Islamic People's Economic Banks (BPRS) in Indonesia. This research was conducted on 350 BPRS employees in East Java Province using purposive sampling technique. While data collection was done through questionnaires. The research was conducted because in 2024 out of 174 BPRS in Indonesia, only 7 BPRS have core capital exceeding Rp 50 billion. This limitation hampers the ability to provide adequate supporting infrastructure and high-quality human resources, especially in a market segment that demands the presence of high-quality human capital. Meanwhile, BPRS are still perceived as inferior to general banks by the public. Thus, this study provides strategic recommendations for BPRS management in improving organizational efficiency and employee productivity through human capital development. The results showed that human capital (HC) has a significant positive influence on improving employee roductivity (EP) with a coefficient value of β = 0.406 (p < 0.05) and organization efficiency (OE) with a coefficient value of β = 0.416 (p < 0.05). In addition, a healthy organization also has a significant positive effect on improving employee productivity (EP) with a coefficient value of β = 0.262 (p < 0.05). Overall, a healthy organization mediates the relationship between human capital and employee performance with an axb indirect effect value of 0.109 (p < 0.05).

Analysis Of Macro Economic Variables On The Jakarta Islamic Index

Thu, 19 Dec 2024 00:00:00 +0700

Sharia shares have advantages over conventional shares. Sharia shares emphasize that transactions are halal and free from fraudulent manipulation. The development of sharia finance on the stock exchange has an important role because it provides various investment options for the community, especially the majority of the population in Indonesia is Muslim. This research aims to analyze the influence of macroeconomic variables, namely the Exchange Rate, Industrial Production Index, Mutual Funds, Inflation on the Jakarta Islamic Index in Indonesia during Covid-19 and post-Covid-19. Then this research uses time series data from 2019:M01-2023:M12 with the OLS method. The research results showed that the exchange rate variable had a positive effect on JII and inflation had a negative effect on JII. The implications of the research are that the government needs to increase people's purchasing power and maintain exchange rate stability.

Systematic Review of University Reputation: Recent Trend and Future Research Agenda

Ali Mujahidin, Ahmad Saifurriza Effasa, Ahmad Faiz Khudlori, Budi Irawanto — Thu, 19 Dec 2024 00:00:00 +0700

The main purpose of this study is to conduct a comprehensive review of previous research on university reputation, which currently lacks coherence. The study aims to address the gaps in the existing literature by providing a systematic discussion of the contributions made and highlighting the main issues found in previous research regarding the various aspects that influence university reputation, as well as its causes and effects. The approach used in this paper involves tracking all studies related to university reputation published between 2012 and 2021. After examining sources such as Scopus, Science Direct, and Web of Science, a total of 47 studies out of 295 were included in the analysis. The findings of this study demonstrate that university reputation is a multifaceted concept with diverse definitions and dimensions. The main purpose of this study is to conduct a comprehensive review of previous research on university reputation, which currently lacks coherence. The study aims to address the gaps in the existing literature by providing a systematic discussion of the contributions made and highlighting the main issues found in previous research regarding the various aspects that influence university reputation, as well as its causes and effects. The approach used in this paper involves tracking all studies related to university reputation published between 2012 and 2021. After examining sources such as Scopus, Science Direct, and Web of Science, a total of 48 studies out of 295 were included in the analysis. The findings of this study demonstrate that university reputation is a multifaceted concept with diverse definitions and dimensions. Additionally, the research confirms that several factors contribute to university reputation and that it has significant consequences. The study concludes by proposing recommendations for future research, including theories, methodologies, and potential areas of investigation. Furthermore, a comprehensive framework is presented as a result of this study

The effect of External and Internal Factors on Financing Deposit to Ratio in Islamic Banks

Arnuf Deni, Deni Riyadi, Praditya Dwiyanto, Nurul Azizah Az-Zakiyyah — Thu, 19 Dec 2024 00:00:00 +0700

The main activity of Islamic banks is to channel funds in the form of loans or financing from public funds they have collected. The provision of financing from Islamic banking to the public can be measured by the financing-to-deposit ratio (FDR). A high FDR can be concluded that the bank's ability is excellent, meaning it can fully manage its function as an intermediary. However, challenges in lending through measurement can be influenced by internal and external factors. This study aims to analyze internal factors such as NPF and ROA and external factors such as inflation and economic growth using the proxy of IPI. The study uses time-series data and the OLS method. The results showed that internal and external factors affect FDR in Islamic banking. The study's implication is the need for price stability, high economic growth, and efficient management of NPF and assets.

The Effect of Ratio of Financing to MSMEs and CAR to ROA on Islamic Banks

Nadzwa Amalia Lutvi, Kartika Monica, Ellyana Wahyu Octaviani — Thu, 19 Dec 2024 00:00:00 +0700

The role of MSMEs is very crucial in the domestic economy. During the 1998 crisis, MSMEs became the key to economic growth because they could help the domestic economy recover. The growth of MSMEs after the Covid-19 crisis is starting to show an upward trend. The growth of MSMEs can be an opportunity for sharia banking as a place to channel financing and can be a threat because financing in the micro sector can pose a risk of bad credit. Sharia banking profitability must be the goal amidst the high risk of default, this is an initial mitigation of the types of risks that can impact sharia banking. This research aims to analyze the influence of the financing ratio channeled to the real sector through MSMEs and sharia banking capital adequacy on sharia banking businesses earning profits from assets managed. The research uses time-series data and the Ordinary Least Square (OLS) method. The research results show that financing channeled to the real sector through MSMEs and capital adequacy play an important role in sharia banking in gaining profits from managed assets. The implication of the research is that stricter supervision is needed in channeling financing to the micro sector while still adhering to sharia principles in helping to improve micro, small and medium enterprises.

Keywords:Financing Ratio to MSMEs, CAR, ROA, OLS.

The Impact of Teacher Attitude and Mobile Technology on Student Engagement

Natalie Anjelly, Rivalyn Cinthia Putry, Ananda Fortunisa — Thu, 19 Dec 2024 00:00:00 +0700

This research investigates the influence of teacher attitudes and mobile technology interaction on student engagement in the classroom. Student engagement refers to the level of interest, motivation, and commitment thatstudents demonstrate towards their learning and involvement in the educational process. Teacher attitudes refer to the beliefs, perceptions and dispositions that educators hold towards their profession, their students and the educationalprocess. Mobile technology is technology that can be taken wherever the user goes. Using a quantitative approach, data is collected from samples of students who are currently studying or who have graduated through surveys, classobservations and additional interviews. Because this research topic has never been conducted before, the researcher is interested in discussing "The Impact of Teacher Attitude and Mobile Technology on Student Engagement". This study underscores the importance of professional development for teachers to adopt a positive attitude and utilize mobiletechnology professionally. These factors collectively contribute to a more engaging and dynamic educational environment, thereby encouraging and improving better academic outcomes and student satisfaction through teacher attitudes that support mobile integration in education.

Keywords: Student Engagement, Teacher attitudes, Mobile Technology

The Influence of Money Supply, Inflation, Interest Rates, And Combined Stock Price Index on Gross Domestic Product

Thu, 19 Dec 2024 00:00:00 +0700

Gross Domestic Product is used to describe all economic activities that occur in a region. Gross domestic product (GDP) is a variable used to view economic growth conditions. Economic growth is one of the key factors affecting GDP. If the figure in GDP increases, then there will be a perception that the country is at a good level of economic growth. Based on research, inflation has an influence on GDP because GDP is determined by prices, if inflation increases, the prices of goods and services will increase and real GDP will experience a price decrease. In this study, the variables of money supply, inflation, interest rates, and the Composite Stock Price Index (IHSG) were selected which would be tested against GDP. The data in this observation amount to 32 data with quarter time series data q1-q2 in 2015-2022. Output analysis using Eviews 10, using the OLS multiple linear regression method. The results of this study prove that the variables in the money supply (JUB), inflation, Jakarta Composite Index have a significant influence on GDP, and interest rates have nothing to do with GDP.

Keywords: GDP, Economic, Growth, inflation, Interest rate

Talent Management and Knowledge Management on Employee Performance of PT. Swakarya Indah Busana

Junita Putri Lestari, Satriadi, Eka Kurnia Saputra — Thu, 19 Dec 2024 00:00:00 +0700

This study aims to see the partial and simultaneous influence between talent management and knowledge management on employee performance. This type of research is descriptive research with data collection using questionnaires. The population in this study amounted to 215 employees with a sample of 140 respondents using a proportionate stratified random sampling sample type. The data analysis used was multiple linear regression using the JASP 0.18.2 tool. The results of the research are that talent management has a positive and significant effect on employee performance, knowledge management has a positive and significant effect on employee performance, talent management and knowledge management have a positive and significant effect together on employee performance. The contribution of talent management and knowledge management to employee performance is 58% and the remaining 42% is influenced by the other.

Implementation of Total Quality Management in Waqf Management at the Al-Qur'an Waqf Board Yogyakarta

Indra Sholeh Husni, Arizqiya Nurfattah, Meichio Lesmana, Ahmad Iqbal — Sun, 22 Dec 2024 00:00:00 +0700

The development of the waqf paradigm in society represents a significant momentum in the effort to transform waqf management from traditional to professional practices, aiming to enhance the function and usefulness of waqf. To achieve this, waqf needs to be managed and developed professionally while adhering to Islamic Shari'a principles. However, many institutions or Nazir still do not manage waqf funds professionally. This research specifically discusses the implementation of Total Quality Management (TQM) and its application in the management of waqf at the Al-Qur'an Waqf Board (BWA) Yogyakarta. The main aim of this study is to examine the implementation of TQM in the management of waqf assets at BWA Yogyakarta. This study uses a descriptive qualitative method with a socio-economic approach to analyze the management of waqf in an institution responsible for collecting and distributing waqf funds. The implementation of TQM at BWA Yogyakarta has been carried out effectively, as indicated by the fulfillment of four out of five TQM indicators. However, there is one indicator that has not been fully implemented: the long-term commitment of Nazir. BWA Yogyakarta currently applies an annual contract system for Nazir, without a service period, which means that Nazir can continue to be part of the institution even after the age of 60. This lack of a long-term commitment leads to frequent changes in staff, which could affect the consistency and sustainability of waqf management. Despite this, the overall implementation of TQM at BWA Yogyakarta has been effective in meeting most of the TQM indicators, with the exception of the long-term commitment indicator.

Development and Productivity Waqf in Sharia Insurance in Indonesia and Egypt: A Comparative Analysis

Suhada Setiawan, Muhammad Bagus Saputro, Mufti Afif, Khurun’in Zahro — Sun, 22 Dec 2024 00:00:00 +0700

Professional management of waqf funds will facilitate its growth and development. This article aims to shed light on the development and potential of Islamic insurance waqf in Indonesia, with a view to increasing its productivity and scope of development. Following the issuance of the DSN-MUI fatwa in 2016, which addresses the issue of Waqf of Insurance Benefits and Waqf of Investment Benefits on the subject of sharia-compliant life insurance, Indonesia can benefit from the examples provided by countries in the Middle East, such as Egypt, which has long been a pioneer in the development of its waqf, which has become a permanent provision in Egyptian law. This research utilises a qualitative descriptive research design. The data collected is analysed by providing a comprehensive picture of the development of Islamic insurance waqf. The findings of this study indicate that the development of Islamic insurance waqf is positive and has significant potential in the future. This is due to the large Muslim population in Indonesia, which provides a great opportunity for the growth of this form of Islamic finance. Provided that the conceptual and concrete barriers that may hinder its development can be effectively addressed by the relevant authorities and the general public, its growth potential is quite significant.

The Withdrawal of Waqf Assets v1 in Religious Court Decision Number 1755/Pdt.G/2021/Pa.Sda v2 According to the Hanafi and Syafi'i Schools

Sunan Autad Sarjana, Fadhila Tianti Mudi Awalia, Muhammad Rayhan — Mon, 23 Dec 2024 00:00:00 +0700

Waqf withdrawal is one of many cases of real-life waqf disputes, including the transfer of waqf functions, abandoned waqf, and so on. Many factors cause waqf disputes, such as what happened in the Religious Court Decision Number 1755/Pdt.G/2021/Pa.Sda, where a waqf withdraws the property that has been waqf because the nazir uses the waqf property in a way that does not follow the agreed waqf pledge. The comparison of opinions between the madhhab of Imam Shafi'i and Imam Abu Hanifah regarding the law of waqf withdrawal is also debated. The research was conducted to understand the positive law in Indonesia regarding the withdrawal of waqf, focusing on the mechanism of waqf withdrawal and the views of the two madzhabs. This study uses a normative juridical approach and descriptive legislation, with secondary data from literature studies. The results of the study show that the withdrawal of waqf by the waqf in its lawsuit in the Supreme Court Decision Number 1755/Pdt.G/2021/Pa. Sda was approved because the nadzir had violated the waqf pledge following Article 45 Paragraph 1 of Government Regulation of the Republic of Indonesia Number 42 of 2006 concerning the Implementation of Law. No. 41 of 2004 concerning Waqf. Imam Shafi'i and Imam Abu Hanifah have different views on waqf, with Imam Shafi'i considering waqf as the liberation of property from waqf ownership and Imam Abu Hanifah interpreting it as the detention of property for the benefit of righteous charity.