The purpose of this study is to investigate green sukuk and its influence on the implementation of the Sustainable Development Goals (SDGs), as well as to identify and analyze the factors that have an effect on those activities. This... more
The purpose of this study is to investigate green sukuk and its influence on the implementation of the Sustainable Development Goals (SDGs), as well as to identify and analyze the factors that have an effect on those activities. This research is carrying out a systematic literature review in order to locate, examine, and analyze any and all relevant research that is currently available in order to provide answers to the research questions. In spite of the fact that it is such a great innovative investment instrument and that it is doing well with getting positive response from the market, green sukuk still face many challenges, and there is still room for improvement to bring up its potentials and maximize its social impact for the most recent SDGs agenda. Green sukuk have developed into Islamic financial instruments that are in demand by the public because of their ethical responsibility towards the environment. Green sukuk provides benefits not only for all stakeholders involved i...
Recently, social media network sites are popular in our society. In creative users' hand, social network sites can turn into a medium for doing business activities that elaborates the function of social networks as an alternative to work... more
Recently, social media network sites are popular in our society. In creative users' hand, social network sites can turn into a medium for doing business activities that elaborates the function of social networks as an alternative to work independently (doing entrepreneurship). In this study, the writer applied literary research method and documentation method to collect the data consisting of written notes, transcripts, books, newspapers, and magazines. The writer conducted analysis on the collected data according to qualitative analysis method. The writer worked with the data, sorted them into manageable units, found, identified, and synthesized the patterns, identified what is important and what is learned; and decided what the significance for others. A study on social media entrepreneurship based on Islamic law should be conducted since like other forms of muamalah activities, social media entrepreneurship should bring maslahah (benefits) for the others besides the profit gained by the users.
Abstract Fiscal policy is an important instrument in Indonesian economic. Design of right fiscal policy could be a tool to realize the goal of sustainable development, which is for welfare of Indonesian people. The purpose from the... more
Abstract Fiscal policy is an important instrument in Indonesian economic. Design of right fiscal policy could be a tool to realize the goal of sustainable development, which is for welfare of Indonesian people. The purpose from the United Nations (UN) resolution on sustainable developmentis really not different from the concept of fiscal policy in Islam. Islamic fiscal policy could be better and more comprehensive than the UN sustainable development concept. Furthermore, important to discuss and design a Islamic fiscal policy concept to be applied, and become a tool to implement the concept of sustainable development in Indonesia.
Abstrak Kebijakan fiskal merupakan salah satu instrumen penting dalam perekonomian Indonesia. Rancangan kebijakan fiskal yang tepat bisa menjadi salah satu alat untuk mewujudkan tujuan dari pembangunan yang berkelanjutan untuk kesejahteraan masyarakat di Indonesia. Tujuan dari resolusi Perserikatan Bangsa-Bangsa (PBB) tentang pembangunan berkelanjutan sebenarnya tidak jauh berbeda dengan konsep kebijakan fiskal dalam Islam, kebijakan fiskal Islam bisa jadi lebih baik dan lebih luas manfaatnya dibandingkan dengan konsep pembangunan berkelanjutan yang dicanangkan oleh PBB. Oleh karena, penting untuk mendiskusikan dan merancang konsep kebijakan fiskal Islam yang sesuai untuk diterapkan, dan mampu menjadi alat untuk melaksanakan tujuan dari konsep pembangunan yang berkelanjutan di Indonesia.
Kata Kunci: Kebijakan fiskal, pembangunan berkelanjutan, kebijakan fiskal Islam.
This study aims to analyze the determination of millennial women's loyalty to the purchase of halal cosmetics. This study uses a quantitative survey approach by distributing questionnaires in the form of google form. The sampling... more
This study aims to analyze the determination of millennial women's loyalty to the purchase of halal cosmetics. This study uses a quantitative survey approach by distributing questionnaires in the form of google form. The sampling technique used non-probability purposive sampling to collect data from a sample of 223 respondents with the criteria of millennial women born in the 1980s to 2000s, Indonesian citizens and had purchased halal cosmetics in the last 6 months. The analysis technique used in this research is Structural Equation Modeling-Partial Least Square (SEM-PLS). Based on the results of the study, it shows that of the 5 hypotheses tested, all of them are accepted, namely religiosity has a significant effect on millennial women's loyalty in purchasing halal cosmetics (H1). Then, brand image (H2), profit value (H3) and halal certification (H4) have a significant and positive effect on consumer satisfaction. The high level of satisfaction also has a positive effect on...
Secara konvensional pemberdayaan diperuntukkan bagi masyarakat miskin dengan tujuan mengurangi kesenjangan masyarakat. Padahal pemberdayaan tidak hanya untuk masyarakat miskin namun juga masyarakat yang termarginalkan salah satunya para... more
Secara konvensional pemberdayaan diperuntukkan bagi masyarakat miskin dengan tujuan mengurangi kesenjangan masyarakat. Padahal pemberdayaan tidak hanya untuk masyarakat miskin namun juga masyarakat yang termarginalkan salah satunya para penyandang disabilitas. Salah satu desa di Kabupaten Ponorogo bernama Desa Karangpatihan memberdayakan warganya yang menderita down syndrome atau disabilitas mental melalui Program Dana Sosial. Sebuah program pemberdayaan inklusif yang mencoba memberdayakan diri mereka sendiri meskipun kondisi keterbatasan secara fisik maupun finansial melalui implementasi instrumen sedekah. Maka dari itu, penelitian ini ingin melihat bagaimana ikhtiar pemberdayaan penyandang disabilitas mental ( down syndrome ) melalui program dana sosial di Desa Karangpatihan. Metode yang digunakan dalam penelitian adalah metode kualitatif fenomenologi. Hasil penelitian menemukan bahwa ikhtiar pemberdayaan telah berjalan melalui 4 langkah yaitu sosialisasi, pengumpulan dana, peny...
Microfinance is a financial institution who operates as it function as a financial intermediaries on a smaller scale. But there is a microfinance institution who don’t works with that way, specifically this microfinance institution does... more
Microfinance is a financial institution who operates as it function as a financial intermediaries on a smaller scale. But there is a microfinance institution who don’t works with that way, specifically this microfinance institution does not take any deposit from the people. Because they’re functioned as a microfinance–social institution. They operates with the capital source from Indonesian Amil Zakat Institution, and giving people around islamic boarding school an empowerment by giving a lending with various akd, but with a small wage or profit sharing ratio (only 3%). The microfinance institution is called as Bank Wakaf Mikro. This research goals is to give an explanation about how Bank Wakaf Mikro manage their liquidity without any deposit from debtor. With only one source of capital, how could Bank Wakaf Mikro operates their financing or lending operation?.
This study aims to determine and comparing the level of operational efficiency of Islamic Life Insurance and Conventional Life Insurance in Indonesia. This study uses a quantitative non-parametric approach With Data Envelopment Analysis... more
This study aims to determine and comparing the level of operational efficiency of Islamic Life Insurance and Conventional Life Insurance in Indonesia. This study uses a quantitative non-parametric approach With Data Envelopment Analysis (DEA) CRS and VRS assumption, and a statistical tool Mann-Whitney U-Test. The samples are 13 Islamic Insurance and 5 Conventional Insurance that comply with the specified sample criteria. During 2010 to 2014, the relative average value of Islamic Life Insurance and Conventional Life Insurance with VRS assumption more efficient than CRS assumption. This indicates that in relative terms, the source of operational inefficiency is not effective on the efficiency scale. While the hypothesis test results showed no significant differences in levels of operational efficiency in both groups the data by CRS assumptions and VRS.
The purpose of this research is to find similarities and differences of sharia bank and convenstional bank’s financial systems from bank employee’s perspective.This study use qualitative method with fenomenology approach because it... more
The purpose of this research is to find similarities and differences of sharia bank and convenstional bank’s financial systems from bank employee’s perspective.This study use qualitative method with fenomenology approach because it describes the general meaning of several individuals toward their various life experiences related to the concept or phenomenon.. The data used in this research are primary data that obtained through in-depth interview with bank employee and secondary data that obtained form of documentation study to be done triangulation data. The main focus in this study is describe what are the similarities and differences of financial system in sharia bank and conventional bank of what is happening in the reality. The results of this study indicate that the similarity of financial system is drawn from the experience of bank employees who have worked in sharia and conventional banks derived from the type of product and its function as a financial institution. Meanwhile...
This study aims to determine and comparing the level of financing efficiency of Islamic Banks and Conventional Bank in Indonesia. This study uses a quantitative non-parametric approach With Data Envelopment Analysis (DEA) VRS assumption,... more
This study aims to determine and comparing the level of financing efficiency of Islamic Banks and Conventional Bank in Indonesia. This study uses a quantitative non-parametric approach With Data Envelopment Analysis (DEA) VRS assumption, and a statistical tool Mann-Whitney U-Test. The samples are 10 Islamic Banks and 13 Conventional Commercial Bank those comply with the specified sample criteria. During 2010 to 2014, Islamic Bank has efficiency level of financing relatively higher than Conventional Bank based on VRS assumption. Source of inefficiency in Islamic Banks finance more due to inefficiency on ascale of financing . While the hypothesis test showed there are significant differences in the level of scale financing efficiency, and no significant difference in the level of financing efficiency between Islamic Banks and Conventional Banks in Indonesia with CRS and VRS assumption.
This study aims to determine and comparing the level of third-party funds accumulation efficiency of Islamic Banks and Conventional Banks in Indonesia. This study uses a quantitative non-parametric approach with Data Envelopment Analysis... more
This study aims to determine and comparing the level of third-party funds accumulation efficiency of Islamic Banks and Conventional Banks in Indonesia. This study uses a quantitative non-parametric approach with Data Envelopment Analysis (DEA) CRS and VRS assumption, and statistical tool namely Mann Whitney U-Test. The samples are 10 Islamic Banks and 13 Conventional Banks those comply with the specified sample criteria. During 2010 to 2014, Islamic Banks has efficiency level of third-party funds accumulation relatively higher than Conventional Banks based on CRS and VRS assumption. Source of inefficiency in Islamic Banks is the scale of third-party funds accumulation. While the hypothesis test showed there was no significant difference in the level of third-party funds accumulation efficiency between Islamic Banks and Conventional Banks in Indonesia with the assumption of CRS, VRS, and Scale efficiency.
The aim of this study was to determine the ideal composition of tabarru'-ujrah fund on Sharia Life Insurance company in Indonesia through Dynamic Financial Analysis method. This research is a quantitative with a simulation approach.... more
The aim of this study was to determine the ideal composition of tabarru'-ujrah fund on Sharia Life Insurance company in Indonesia through Dynamic Financial Analysis method. This research is a quantitative with a simulation approach. The simulation model was Monte Carlo simulation. The data using a secondary data from the financial statements of insurance sharia life insurance companies published between 2012-2014. There are two variables that influence the formation of the composition tabarru’ the claims and Retakaful. The results of this study indicate that the ideal composition tabarru'-ujrah funds obtained amounted to 68.73%: 31.27%. The phenomenon that occurs is the composition tabarru’ which showed a reading below 50%, the life insurance industry sharia set much ujrah in every contribution at the time of composition claims and Retakaful in a low position, and ROI DPS received until the end of the forecasting declining and even minus.
This study aims to analyze the efficiency of sharia general insurance companies in Indonesia. The input variables used are total assets, expenses, and payment of claims, while the output variable is the income and tabarru’ funds. The... more
This study aims to analyze the efficiency of sharia general insurance companies in Indonesia. The input variables used are total assets, expenses, and payment of claims, while the output variable is the income and tabarru’ funds. The method were used to measure the level of efficiency is the Data Envelopment Analysis (DEA) with the assumption of Variable Return to Scale (VRS) with input and output orientation. The samples are 12 sharia general insurance companies during 2013-2015. The results of the study indicate that the average result of DEA analysis for the entire DMU (Decision Making Unit) has not been efficient. The average value of economic efficiency (CRS) by 0.978, technically efficiency (VRS) for 0.925, and scale efficiency for 0.945. Source of inefficiency sharia insurance company is the scale of operations and management of input to output is not optimal.
This research aimed to determine the average profit-loss sharing level of deposit and the return level of deposit affect to total deposit and the quantity of Islamic banking customer in Indonesia, in time year 2009 until year 2014. The... more
This research aimed to determine the average profit-loss sharing level of deposit and the return level of deposit affect to total deposit and the quantity of Islamic banking customer in Indonesia, in time year 2009 until year 2014. The approach is a quantitative approach using VECM (Vector Error Correction Model) analytical techniques, to determine the effect of independent variable to dependent variable. The independent variable of this research is the average profit-loss sharing level of Islamic banking and the return level of deposit in conventional banking. While the dependent variable of this research is the total deposit and the quantity of Islamic banking customer in Indonesia. The result of this research showed that independent variable has a significant effect to total deposit in a long term, both simultaneous and partial. While in the quantity of customer, independent variable has no significant effect, both simultaneous and partial in a long term.
Sharia cooperative is subject to use the PSA Sharia guideline 100 and 101 on the process of arranging and presenting financial report. The fact is that there are a lot of financial report presentation that is less suitable with the PSAK... more
Sharia cooperative is subject to use the PSA Sharia guideline 100 and 101 on the process of arranging and presenting financial report. The fact is that there are a lot of financial report presentation that is less suitable with the PSAK Sharia. This research aims at determining the reasons why do the financial report presentation is less suitable with the PSAK Sharia 100 and 101.This research utilizes qualitative approach with exploratory case study method. Data collection is done by interviewing informant with resource triangulation validation method.The result of this research shows that sharia cooperation tends to use Indonesian Accounting Standards Non-Publicly-Accountable Entities (SAK ETAP) when presenting the financial report since there is a Ministrial regulation of Cooperatives and Small-Medium Enterprises number 4 in 2012 that obliged all the cooperatives in Indonesia to use SAK ETAP guide.
The purpose of this research is to find out the effect of tabarru’ fund financial health towards the profitability in insurance. The method that used in this research is quantitative method and also using secondary data which obtained... more
The purpose of this research is to find out the effect of tabarru’ fund financial health towards the profitability in insurance. The method that used in this research is quantitative method and also using secondary data which obtained from financial reports and other reports started from 2012 until the end of 2014. The choosing of sample was done using sampling purposive method and there are 28 Islamic insurances that comply with the specified sample criteria. Analysis technique used is multiple linier regression analysis of panel data. The result are risk based capital that have significant level less than 0,1 but liquidity ratio, balance investment liability ratio, investment income ratio, claim expenses ratio, and tabarru’ fund change risk do not significantly influence the profitability of Islamic insurance companies because the significantly level more than 0,1.
The purpose of this study was to determine how the pattern of financial planning and management of ethnic Arab families in Surabaya. This study used descriptive qualitative approach. The data collection is done by Interview and... more
The purpose of this study was to determine how the pattern of financial planning and management of ethnic Arab families in Surabaya. This study used descriptive qualitative approach. The data collection is done by Interview and observation. The analysis technique used is the domain analysis techniques, taxonomy and componential.The results of this study there are some interesting phenomena to be discussed related to the pattern of financial planning and management arab ethnic family in Surabaya namely: managing income that the arab ethnic family uphold the principles to qowwam husband was sustained to shalihaan wife. Managing highly prioritize the settlement of this case is the most important prior to meeting the needs of the family. Managing dream has rules of jurisprudence life priorities, namely mukhodima ahamminal Muhin. Managing surplus and deficit has a principle to prioritize investment of the savings. managing contigencie social capital as a protection of the family.
This study aims to determine the presence or absence of differences in the earnings quality on murabaha margin revenue recognition. The sample used in this study selected by purposive sampling method. It produces 6 Islamic Banks (BUS) in... more
This study aims to determine the presence or absence of differences in the earnings quality on murabaha margin revenue recognition. The sample used in this study selected by purposive sampling method. It produces 6 Islamic Banks (BUS) in Indonesia with the data obtained from their annual reports that have already been published. The research used a quantitative approach using equations of regression to detect the presence or absence of earnings management, which then in different test using independent t-test. The variable in this study is earnings quality that is categorised based on the use of murabaha margin revenue recognition method. Results shows that differences in using murabaha margin revenue recognition method has an impact on quality of earnings. However, the statistical test indicated that there was no significant difference to the quality of earnings.
This research aims to analyze the implementation process of good sharia governance (GSG) in order to ensure sharia compliance. Sharia governance is a qualitative disclosure that includes arrangements, systems, and control to ensure sharia... more
This research aims to analyze the implementation process of good sharia governance (GSG) in order to ensure sharia compliance. Sharia governance is a qualitative disclosure that includes arrangements, systems, and control to ensure sharia compliance. The method using descriptive qualitative approach with case study strategy at PT. Bank Pembiayaan Rakyat Syariah (BPRS) Jabal Nur Surabaya. Data collected by in depth interview and documentation. Validation techniques using source and technic triangulation. Analysis techniques using Miles and Huberman’s.Result of this research is based on seven patterns from the sharia governance process which represents the instrumental function of the sharia supervisory board as part of the internal governance structure of corporate governance in Islamic Financial Institutions. Based on the analysis that has been conducted by researchers, PT. Bank Pembiayaan Rakyat Syariah Jabal Nur has been quite obedient in fulfillment guarantee of sharia compliance...
ABSTRAKPenelitian ini dilakukan untuk mengetahui apakah terdapat perbedaan elastisitas suku bunga dan tingkat elastisitas bagi hasil pada deposito Mudarabah Bank Syariah Indonesia tahun 2013-2017. Pengujian dalam penelitian ini... more
ABSTRAKPenelitian ini dilakukan untuk mengetahui apakah terdapat perbedaan elastisitas suku bunga dan tingkat elastisitas bagi hasil pada deposito Mudarabah Bank Syariah Indonesia tahun 2013-2017. Pengujian dalam penelitian ini menunjukkan hasil dengan hipotesis nol diterima atau dengan kata lain tidak terdapat perbedaan yang signifikan. Dengan demikian, deposito mudarabah bank syariah sensitif terhadap perubahan suku bunga dan tingkat bagi hasil. Kenaikan dan penurunan suku bunga dan tingkat bagi hasil berpotensi merugikan dengan berkurangnya dana deposan karena return yang diberikan lebih rendah. Sehingga dapat dipengaruhi oleh risiko tingkat pengembalian. Jika risiko ini tidak dimitigasi dengan baik, risiko lain dapat muncul, yaitu risiko komersial yang tergeser.Kata Kunci: Bank Umum Syariah, Sensitivitas Deposito Mudarabah, Elastisitas Suku Bunga, Elastisitas Tingkat Bagi Hasil ABSTRACTThis study was conducted to determine whether there are differences in interest rate elasticit...