Pub Date : 2022-03-03DOI: 10.29244/jam.specialissue2022.43-56
Lina Nugraha Rani, Nisful Laila, Dian Filianti, Dwi Wulan Ramadani
The concept of sharia-based finance is currently growing rapidly in Indonesia. One form of sharia financial instrument that has been issued by both corporations and the state is the sukuk. Sukuk is one of the most innovative forms of product in the development of the contemporary sharia financial system. It can be concluded that sukuk is an alternative source of funding, especially for the government and corporate companies. The growth of sukuk in Indonesia has increased sharply compared to other Islamic financial instruments, the growth reaching 84% per year if analyzed from 2001 to 2007. Thus, sukuk has developed into one of the most important mechanisms in increasing finance in the international capital market through an Islamically acceptable structure. This study aims to determine the development of research trends in sukuk in Indonesia published by leading journals on Islamic financial economics. The data analyzed consisted of 47 papers that Scopusindexed research publications. The data is then processed and analyzed using the VOSviewer application to find out the bibliometric map of the development of sukuk research in Indonesia.
{"title":"Analysis of Sukuk Research in Indonesia Bibliometric Approach","authors":"Lina Nugraha Rani, Nisful Laila, Dian Filianti, Dwi Wulan Ramadani","doi":"10.29244/jam.specialissue2022.43-56","DOIUrl":"https://doi.org/10.29244/jam.specialissue2022.43-56","url":null,"abstract":"The concept of sharia-based finance is currently growing rapidly in Indonesia. One form of sharia financial instrument that has been issued by both corporations and the state is the sukuk. Sukuk is one of the most innovative forms of product in the development of the contemporary sharia financial system. It can be concluded that sukuk is an alternative source of funding, especially for the government and corporate companies. The growth of sukuk in Indonesia has increased sharply compared to other Islamic financial instruments, the growth reaching 84% per year if analyzed from 2001 to 2007. Thus, sukuk has developed into one of the most important mechanisms in increasing finance in the international capital market through an Islamically acceptable structure. This study aims to determine the development of research trends in sukuk in Indonesia published by leading journals on Islamic financial economics. The data analyzed consisted of 47 papers that Scopusindexed research publications. The data is then processed and analyzed using the VOSviewer application to find out the bibliometric map of the development of sukuk research in Indonesia.","PeriodicalId":158243,"journal":{"name":"AL-MUZARA'AH","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114344887","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-03-03DOI: 10.29244/jam.specialissue2022.77-94
Muhammad Raihan Aulia Firdausi, Rahmatina Awaliah Kasri
Although Indonesia is the largest Muslim country in the world, the level of Islamic financial literacy in Indonesia is still very low. The Islamic financial literacy index in Indonesia is at 8.93%, much lower than the conventional financial literacy index which reached 37.72% in 2019. Therefore, this study aims to analyze the determinants of Islamic financial literacy in Indonesia amongst university students which is a group prioritized by government policies in improving Islamic financial literacy. To achieve this goal, this study develops a multidimensional Islamic financial literacy instrument that includes aspects of knowledge, attitudes and behavior and measures the multidimensional Islamic financial literacy amongst university students. The study collected primary data from 439 students from University of Indonesia and analyzed them using logistic regression method with Islamic financial literacy scores as the dependent variable and socio-demographic factors as the independent variables. The results of this study found that the majority of students (50.1%) had moderate levels of Islamic financial literacy, while 43.5% and 6.4% had high and low levels of Islamic financial literacy respectively. In addition, this study found a positive influence on the field of study, income, and Islamic bank account ownership on the level of Islamic financial literacy. In particular, students who come from the faculty of economics and business, have higher incomes, and have Islamic bank accounts tend to have higher Islamic financial literacy than other students. Based on these findings, relevant stakeholders in Indonesia are expected to continue improving Islamic financial literacy through various strategies and massive educational programs, especially for the groups which have low and moderate Islamic financial literacy. The results of this study are also expected to enrich the literature on Islamic financial literacy in Muslim countries.
{"title":"Islamic Financial Literacy Amongst Muslim Students in Indonesia: A Multidimensional Approach","authors":"Muhammad Raihan Aulia Firdausi, Rahmatina Awaliah Kasri","doi":"10.29244/jam.specialissue2022.77-94","DOIUrl":"https://doi.org/10.29244/jam.specialissue2022.77-94","url":null,"abstract":"Although Indonesia is the largest Muslim country in the world, the level of Islamic financial literacy in Indonesia is still very low. The Islamic financial literacy index in Indonesia is at 8.93%, much lower than the conventional financial literacy index which reached 37.72% in 2019. Therefore, this study aims to analyze the determinants of Islamic financial literacy in Indonesia amongst university students which is a group prioritized by government policies in improving Islamic financial literacy. To achieve this goal, this study develops a multidimensional Islamic financial literacy instrument that includes aspects of knowledge, attitudes and behavior and measures the multidimensional Islamic financial literacy amongst university students. The study collected primary data from 439 students from University of Indonesia and analyzed them using logistic regression method with Islamic financial literacy scores as the dependent variable and socio-demographic factors as the independent variables. The results of this study found that the majority of students (50.1%) had moderate levels of Islamic financial literacy, while 43.5% and 6.4% had high and low levels of Islamic financial literacy respectively. In addition, this study found a positive influence on the field of study, income, and Islamic bank account ownership on the level of Islamic financial literacy. In particular, students who come from the faculty of economics and business, have higher incomes, and have Islamic bank accounts tend to have higher Islamic financial literacy than other students. Based on these findings, relevant stakeholders in Indonesia are expected to continue improving Islamic financial literacy through various strategies and massive educational programs, especially for the groups which have low and moderate Islamic financial literacy. The results of this study are also expected to enrich the literature on Islamic financial literacy in Muslim countries.","PeriodicalId":158243,"journal":{"name":"AL-MUZARA'AH","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130855107","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-03-03DOI: 10.29244/jam.specialissue2022.1-16
Dian Rizqi Khusnul Khotimah
The social and economic impacts caused by the COVID-19 pandemic greatly affect the level of community welfare. The government has designed and implemented various programs in the context of poverty eradication during the pandemic, including increase the role of sharia or Islamic economics. Contribution of Islamic economy can strategically beneficial for Indonesia’s current and future economy. The benefits obtained by target community need to be measured as a reflection of the success of Islamic economy program and for government evaluation. Big data through social media analysis can be empowered to gain public perceptions of Islamic economy. Therefore, in this study the Twitter social media analysis approach will be used to obtain public responses regarding Islamic economy. The tweet data was collected from January 1, 2020 to June 30, 2021. The processed data is sourced from all Twitter users with tweets related to the keywords ‘ekonomi syariah' or sharia economy, 'ekonomi digital’ or digital economy, ‘keuangan syariah’ or sharia finance, and ‘industri halal’ or halal industry. Those data were analyzed using text mining method. The results of this study indicate that in general the public response accepts and supports Islamic economy in Indonesia. Those analysis result can be used as evaluation material and input for the government in making the next policy for accelerate economy recovery in pandemic era.
{"title":"Big Data: How Public Response to Islamic Economy in Indonesia during Pandemic?","authors":"Dian Rizqi Khusnul Khotimah","doi":"10.29244/jam.specialissue2022.1-16","DOIUrl":"https://doi.org/10.29244/jam.specialissue2022.1-16","url":null,"abstract":"The social and economic impacts caused by the COVID-19 pandemic greatly affect the level of community welfare. The government has designed and implemented various programs in the context of poverty eradication during the pandemic, including increase the role of sharia or Islamic economics. Contribution of Islamic economy can strategically beneficial for Indonesia’s current and future economy. The benefits obtained by target community need to be measured as a reflection of the success of Islamic economy program and for government evaluation. Big data through social media analysis can be empowered to gain public perceptions of Islamic economy. Therefore, in this study the Twitter social media analysis approach will be used to obtain public responses regarding Islamic economy. The tweet data was collected from January 1, 2020 to June 30, 2021. The processed data is sourced from all Twitter users with tweets related to the keywords ‘ekonomi syariah' or sharia economy, 'ekonomi digital’ or digital economy, ‘keuangan syariah’ or sharia finance, and ‘industri halal’ or halal industry. Those data were analyzed using text mining method. The results of this study indicate that in general the public response accepts and supports Islamic economy in Indonesia. Those analysis result can be used as evaluation material and input for the government in making the next policy for accelerate economy recovery in pandemic era.","PeriodicalId":158243,"journal":{"name":"AL-MUZARA'AH","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126296257","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-03-03DOI: 10.29244/jam.specialissue2022.31-41
Mohammad Bintang Pamuncak, Arland Pratama Wijaya
This study aims to seek the determinants of sharia-compliant firm profitability in Indonesian JII listed companies. This study employed Data Panel regression analysis using the 12 most consistent companies who listed in the JII during the period of Q1 2015 to Q4 2020 where in total, there are 282 number of observation. The study found that both firm-internal and firm-external variabels are significant in determining firm profitability on at least one model of data panel regression. COVID-19 and GDP used to measure the impact of firm-external variables, while working capital, debt to equity ratio, and quick ratio used to determine firm-internal variable. Further studies are required to observe the longer period of COVID-19 impact on sharia-compliant firm profitability.
{"title":"Investigating the Determinants of Shariah-Compliant Firms Profitability in Indonesia: Does COVID-19 Play an Essential Role?","authors":"Mohammad Bintang Pamuncak, Arland Pratama Wijaya","doi":"10.29244/jam.specialissue2022.31-41","DOIUrl":"https://doi.org/10.29244/jam.specialissue2022.31-41","url":null,"abstract":"This study aims to seek the determinants of sharia-compliant firm profitability in Indonesian JII listed companies. This study employed Data Panel regression analysis using the 12 most consistent companies who listed in the JII during the period of Q1 2015 to Q4 2020 where in total, there are 282 number of observation. The study found that both firm-internal and firm-external variabels are significant in determining firm profitability on at least one model of data panel regression. COVID-19 and GDP used to measure the impact of firm-external variables, while working capital, debt to equity ratio, and quick ratio used to determine firm-internal variable. Further studies are required to observe the longer period of COVID-19 impact on sharia-compliant firm profitability.","PeriodicalId":158243,"journal":{"name":"AL-MUZARA'AH","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126832799","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-30DOI: 10.29244/jam.9.2.231-245
Rahmi Edriyanti, Muslim Marpaung, Sugianto, Uning Musthofiyah, Lisa Listiana
The purpose of this study is to identify the most important factors in determining current strategies for the development of Nazir in specific region of Indonesia and to examine how the internal and external states developing in that province. Two analyses were used in this research method: SWOT (Strength, Weakness, Opportunity, and Threats) and QSPM (Quantitative Strategic Planning Matrix). The number of respondents who filled out the questionnaire was 8 big institutional Nazir and 5 Waqf experts between September and January of 2021, respectively. The result of SWOT analysis is that Waqf institutions need to carry out WT (Weakness Threats) strategy, which is a defensive strategy. Meanwhile, the QSPM analysis discovered that the second strategy is the most priority one. Afterwards, at the conclusion of this study, the results of these particular studies as well as recommendation will be discussed.
{"title":"The Strategy of Nazir Development in Indonesia: A Qualitative Study","authors":"Rahmi Edriyanti, Muslim Marpaung, Sugianto, Uning Musthofiyah, Lisa Listiana","doi":"10.29244/jam.9.2.231-245","DOIUrl":"https://doi.org/10.29244/jam.9.2.231-245","url":null,"abstract":"The purpose of this study is to identify the most important factors in determining current strategies for the development of Nazir in specific region of Indonesia and to examine how the internal and external states developing in that province. Two analyses were used in this research method: SWOT (Strength, Weakness, Opportunity, and Threats) and QSPM (Quantitative Strategic Planning Matrix). The number of respondents who filled out the questionnaire was 8 big institutional Nazir and 5 Waqf experts between September and January of 2021, respectively. The result of SWOT analysis is that Waqf institutions need to carry out WT (Weakness Threats) strategy, which is a defensive strategy. Meanwhile, the QSPM analysis discovered that the second strategy is the most priority one. Afterwards, at the conclusion of this study, the results of these particular studies as well as recommendation will be discussed.","PeriodicalId":158243,"journal":{"name":"AL-MUZARA'AH","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122320084","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-30DOI: 10.29244/jam.9.2.185-196
Amelia Putri, Jaenal Effendi
In Islamic insurance, if at the end of the period there is a surplus from the substraction result between total insurance income in the tabarru’ fund and insurance expenses, the surplus will be called as underwriting surplus. A good Islamic insurance company can be seen when the company succeeds in obtaining an underwriting surplus, because it is a proof when the company has managed the participant funds well. The underwriting surplus can be used as a reserve fund when an underwriting deficit occurs or when insurance expenses exceed insurance income, thereby it can improve the public interest in Islamic insurance. Therefore, this study aims to analyze the development of the underwriting surplus in Islamic life insurance in Indonesia and the factors that influence it by using panel data regression method. The estimation results using the REM model show that the variables of total assets and GDP have a positive and significant effect. Meanwhile, the contribution allowance, claim allowance, and inflation variables have a negative and significant effect.
{"title":"Analisis Faktor-Faktor yang Memengaruhi Perolehan Surplus Underwriting pada Asuransi Jiwa Syariah di Indonesia (Periode 2015-2020)","authors":"Amelia Putri, Jaenal Effendi","doi":"10.29244/jam.9.2.185-196","DOIUrl":"https://doi.org/10.29244/jam.9.2.185-196","url":null,"abstract":"In Islamic insurance, if at the end of the period there is a surplus from the substraction result between total insurance income in the tabarru’ fund and insurance expenses, the surplus will be called as underwriting surplus. A good Islamic insurance company can be seen when the company succeeds in obtaining an underwriting surplus, because it is a proof when the company has managed the participant funds well. The underwriting surplus can be used as a reserve fund when an underwriting deficit occurs or when insurance expenses exceed insurance income, thereby it can improve the public interest in Islamic insurance. Therefore, this study aims to analyze the development of the underwriting surplus in Islamic life insurance in Indonesia and the factors that influence it by using panel data regression method. The estimation results using the REM model show that the variables of total assets and GDP have a positive and significant effect. Meanwhile, the contribution allowance, claim allowance, and inflation variables have a negative and significant effect.","PeriodicalId":158243,"journal":{"name":"AL-MUZARA'AH","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124244161","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-30DOI: 10.29244/jam.9.2.129-146
Maya Silvana, Deni Lubis
Islamic boarding school has the potential to develop the Islamic economy through the Islamic boarding school business unit. Optimizing business units can create Islamic boarding school economic independence. Even so, the fact is that there are still many Islamic boarding school that have not utilized their potential. One of the Islamic boarding school that has succeeded in achieving economic independence through business units is the Al-Ittifaq Boarding School in Bandung. The aim of this research is to analyze economic activities and factors that influence the economic independence of the Al-Ittifaq Islamic Boarding School. Using Analytical Network Process (ANP), the factors that influence the economic independence of the Al-Ittifaq Islamic Boarding School are divided into four aspects, namely institutional, production, stakeholder, and market aspects. The results show that market aspect has the biggest impact affecting the economic independence in Al-Ittifaq Islamic Boarding School and the four most influential factors are the kiai leadership and management, production information systems, capital, and market availability.
{"title":"Faktor yang Memengaruhi Kemandirian Ekonomi Pesantren (Studi Pesantren Al-Ittifaq Bandung)","authors":"Maya Silvana, Deni Lubis","doi":"10.29244/jam.9.2.129-146","DOIUrl":"https://doi.org/10.29244/jam.9.2.129-146","url":null,"abstract":"Islamic boarding school has the potential to develop the Islamic economy through the Islamic boarding school business unit. Optimizing business units can create Islamic boarding school economic independence. Even so, the fact is that there are still many Islamic boarding school that have not utilized their potential. One of the Islamic boarding school that has succeeded in achieving economic independence through business units is the Al-Ittifaq Boarding School in Bandung. The aim of this research is to analyze economic activities and factors that influence the economic independence of the Al-Ittifaq Islamic Boarding School. Using Analytical Network Process (ANP), the factors that influence the economic independence of the Al-Ittifaq Islamic Boarding School are divided into four aspects, namely institutional, production, stakeholder, and market aspects. The results show that market aspect has the biggest impact affecting the economic independence in Al-Ittifaq Islamic Boarding School and the four most influential factors are the kiai leadership and management, production information systems, capital, and market availability.","PeriodicalId":158243,"journal":{"name":"AL-MUZARA'AH","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128592860","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-30DOI: 10.29244/jam.9.2.147-165
A. Alam, Harun, Nisrina Mar-atus Sholihah, Aditya Nurrahman
This study aimed to determine the effect of zakat empowerment with MSMEs on the economic people empowerment according to the mustahik perceptions. This research used descriptive analysis with Cartesian coordinate approach. The results showed that the quality of LAZISMU in the MSMEs empowerment program in each dimension of tangible, reliability, responsiveness, assurance, and empathy was almost entirely good quality. The tangible dimension can be shown through the ease of procedures for submitting assistance and the period of its realization. The suitability between everything described by the officer with the reality on the reliable dimension is the main priority factor. The politeness, friendliness and communication skill of officers in the empathy dimension are factors that must be maintained. While transparency in providing information on survey results on the assurance dimension is a low priority factor. The monitoring on the impact of empowerment on the responsiveness dimension and the strategic location of the LAZISMU office on the tangible dimension was considered excessive. There is an effect of zakat empowerment with MSMEs on increasing the people's economic income in terms of service quality according to the perceptions of mustahik. This research suggests LAZISMU Magetan for accelerates the realization of assistance proposals and the ease in applying for assistance.
{"title":"Evaluasi Program Pemberdayaan Usaha Mikro Kecil dan Menengah (UMKM) LAZISMU Magetan dengan Pendekatan Diagram Kartesius","authors":"A. Alam, Harun, Nisrina Mar-atus Sholihah, Aditya Nurrahman","doi":"10.29244/jam.9.2.147-165","DOIUrl":"https://doi.org/10.29244/jam.9.2.147-165","url":null,"abstract":"This study aimed to determine the effect of zakat empowerment with MSMEs on the economic people empowerment according to the mustahik perceptions. This research used descriptive analysis with Cartesian coordinate approach. The results showed that the quality of LAZISMU in the MSMEs empowerment program in each dimension of tangible, reliability, responsiveness, assurance, and empathy was almost entirely good quality. The tangible dimension can be shown through the ease of procedures for submitting assistance and the period of its realization. The suitability between everything described by the officer with the reality on the reliable dimension is the main priority factor. The politeness, friendliness and communication skill of officers in the empathy dimension are factors that must be maintained. While transparency in providing information on survey results on the assurance dimension is a low priority factor. The monitoring on the impact of empowerment on the responsiveness dimension and the strategic location of the LAZISMU office on the tangible dimension was considered excessive. There is an effect of zakat empowerment with MSMEs on increasing the people's economic income in terms of service quality according to the perceptions of mustahik. This research suggests LAZISMU Magetan for accelerates the realization of assistance proposals and the ease in applying for assistance.","PeriodicalId":158243,"journal":{"name":"AL-MUZARA'AH","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126951933","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-30DOI: 10.29244/jam.9.2.197-213
Gustina, V. Pujani, Y. Yeni, Mohamad Fany Alfarisy
The purpose of this study was to determine the factors that influence donors in giving waqf. In addition, it also gives consideration to decision makers related to waqf in Indonesia. The method in this study is a qualitative research with a description of previous research, through secondary data obtained from scientific journals, websites, books, and other electronic media sources related to the study discussed. The journals reviewed are journals published from 2012-2021. The theories discussed in this study are TRA and TPB. The findings of this study indicate that the factors of religiosity, attitude, subject norm, and convenience have a significant positive effect on the amount of waqf issued by donors or waqif (waqf givers). Through this study, it is hoped that this will become a consideration, especially for writers, as well as readers, and recommendations for waqf institutions to increase the convenience of the waqf system. In addition, the government (as a policy maker) should support waqf givers to continue to participate in this waqf practice for the good and welfare of the ummah.
{"title":"Faktor Penentu Donor untuk Berwakaf: Sebuah Eksplorasi Wakaf dalam Literatur","authors":"Gustina, V. Pujani, Y. Yeni, Mohamad Fany Alfarisy","doi":"10.29244/jam.9.2.197-213","DOIUrl":"https://doi.org/10.29244/jam.9.2.197-213","url":null,"abstract":"The purpose of this study was to determine the factors that influence donors in giving waqf. In addition, it also gives consideration to decision makers related to waqf in Indonesia. The method in this study is a qualitative research with a description of previous research, through secondary data obtained from scientific journals, websites, books, and other electronic media sources related to the study discussed. The journals reviewed are journals published from 2012-2021. The theories discussed in this study are TRA and TPB. The findings of this study indicate that the factors of religiosity, attitude, subject norm, and convenience have a significant positive effect on the amount of waqf issued by donors or waqif (waqf givers). Through this study, it is hoped that this will become a consideration, especially for writers, as well as readers, and recommendations for waqf institutions to increase the convenience of the waqf system. In addition, the government (as a policy maker) should support waqf givers to continue to participate in this waqf practice for the good and welfare of the ummah.","PeriodicalId":158243,"journal":{"name":"AL-MUZARA'AH","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117230443","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-30DOI: 10.29244/jam.9.2.215-229
Muhammad Nur Faaiz F. Achsani, Salina Kassim
In Indonesian banking system, conventional banks are operating side by side with Islamic banking in a dual banking system. In terms of the credit risk determinants, Islamic banks should be affected by the different factors as conventional banks. However, the similarity of Islamic banks and the conventional bank in terms of contracts might lead to the opinion the same variables are affecting the performance of Islamic and conventional banks. The objective of the study is to examine and obtain an understanding on how the credit and financing in Indonesian dual banking system responses to changes in bank-specific variables. The main approach to fit the model used in this study is the dynamic panel data. Based on the result of the combined model, there are some independent variables that significantly affect credit risk. Profitability significantly affects credit risk with a negative relationship. While size significantly affects credit risk with a positive relationship. When it comes to the dummy variable, it can be said that the type of bank doesn’t play a significant role in determining the credit risk. In other word, there is no difference between Islamic bank and conventional banks in terms of credit risk. To analyze the crisis effect deeper, we compare the result of conventional banking model 2016-2020 and Islamic banking model 2016-2020. There is no independent variable that significantly affect the credit risk in the conventional banking model 2016-2020, three out of four independent variables affect credit risk significantly in the Islamic banking model 2016-2020. This is because conventional banks tend to play safe by avoiding the disbursement of credit and focusing on derivatives. However, this strategy is not suitable for Islamic banking as they are not allowed to do speculative activities. Islamic banking are still focusing on traditional banking activity.
{"title":"The Determinants of Credit Risk Under Dual Banking System: Indonesian Experience Based on Bank Specific Variables","authors":"Muhammad Nur Faaiz F. Achsani, Salina Kassim","doi":"10.29244/jam.9.2.215-229","DOIUrl":"https://doi.org/10.29244/jam.9.2.215-229","url":null,"abstract":"In Indonesian banking system, conventional banks are operating side by side with Islamic banking in a dual banking system. In terms of the credit risk determinants, Islamic banks should be affected by the different factors as conventional banks. However, the similarity of Islamic banks and the conventional bank in terms of contracts might lead to the opinion the same variables are affecting the performance of Islamic and conventional banks. The objective of the study is to examine and obtain an understanding on how the credit and financing in Indonesian dual banking system responses to changes in bank-specific variables. The main approach to fit the model used in this study is the dynamic panel data. Based on the result of the combined model, there are some independent variables that significantly affect credit risk. Profitability significantly affects credit risk with a negative relationship. While size significantly affects credit risk with a positive relationship. When it comes to the dummy variable, it can be said that the type of bank doesn’t play a significant role in determining the credit risk. In other word, there is no difference between Islamic bank and conventional banks in terms of credit risk. To analyze the crisis effect deeper, we compare the result of conventional banking model 2016-2020 and Islamic banking model 2016-2020. There is no independent variable that significantly affect the credit risk in the conventional banking model 2016-2020, three out of four independent variables affect credit risk significantly in the Islamic banking model 2016-2020. This is because conventional banks tend to play safe by avoiding the disbursement of credit and focusing on derivatives. However, this strategy is not suitable for Islamic banking as they are not allowed to do speculative activities. Islamic banking are still focusing on traditional banking activity.","PeriodicalId":158243,"journal":{"name":"AL-MUZARA'AH","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134131791","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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