The revival of the Islamic finance business is marked by the number of Islamic financial institutions operating such as in the fields of banking, insurance, leasing, pawnshops, hotels, cooperatives and other types of financial institutions. The public is more familiar with Islamic banking in the practice of Islamic finance. But actually, Islamic economics is not synonymous with Islamic banking. Another Islamic financial institution that follows the trend of growth and development is Islamic insurance. This study aims to determine the development map and trend of Islamic Insurance studies published by reputable journals in the field of Islamic Economics and finance. The data analyzed were more than 353 publications of Scopus indexed research publications. The results showed that the keywords that often appear in research on the theme of Islamic Insurance are divided into 7 specific study clusters. The results also fully explain tree-map, trend topic, thematic map and thematic evolution. In the future, topics related to Islamic insurance need to be of concern to researchers because it is one of the least researched topics by Islamic finance academics compared to other topics.
{"title":"Islamic Insurance: How Far has it been Researched?","authors":"A. Widigdo","doi":"10.58968/fwm.v3i2.393","DOIUrl":"https://doi.org/10.58968/fwm.v3i2.393","url":null,"abstract":"The revival of the Islamic finance business is marked by the number of Islamic financial institutions operating such as in the fields of banking, insurance, leasing, pawnshops, hotels, cooperatives and other types of financial institutions. The public is more familiar with Islamic banking in the practice of Islamic finance. But actually, Islamic economics is not synonymous with Islamic banking. Another Islamic financial institution that follows the trend of growth and development is Islamic insurance. This study aims to determine the development map and trend of Islamic Insurance studies published by reputable journals in the field of Islamic Economics and finance. The data analyzed were more than 353 publications of Scopus indexed research publications. The results showed that the keywords that often appear in research on the theme of Islamic Insurance are divided into 7 specific study clusters. The results also fully explain tree-map, trend topic, thematic map and thematic evolution. In the future, topics related to Islamic insurance need to be of concern to researchers because it is one of the least researched topics by Islamic finance academics compared to other topics. ","PeriodicalId":227133,"journal":{"name":"Fara'id and Wealth Management","volume":"527 26","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140476683","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}
This study critically examines the Fatwa MUI No. 105 on sharia ruling of capital guarantee in a mudharabah contract in Islamic bank practices. Some opinions from sharia Fatwa which is issued by International Fatwa Issuing-Bodies and Classical Muslim Scholars were used to obtain the holistic view on mudharabah capital guarantee. This study employs qualitative approach to assess the opinion of sharia scholars and utilizes inductive approach to summarize the data or information that are collected. The main data of this study is fatwa MUI No.105, Muslim scholars’ opinion from Fiqh or Ushul Fiqh literature, and group of international fatwas that are issued by reputable fatwa-issuing body. The study found that the MUI Fatwa No.105 which is stated that mudharib can guarantee mudharabah capital voluntarily contradicts to majority of four mazaahib, International Islamic Fiqh Academy and AAOIFI that state the mudharib is not allowed to guarantee the capital of the mudharabah. In addition, the Fatwa was not included the aspect of Amanah in its stipulation. However, under sharia methodology of maslahah, mudharib is still allowed to provide capital guarantee in certain situations: first, if mudharib is doing negligently in business, second, mudharib willingly impose themselves to guarantee the mudharabah capital, third, afraid of loss of potential customer, and lastly, mudharib voluntarily guarantee only the capital not profit.
{"title":"Analysis of Fatwa DSN-MUI No.105 on Capital Guarantee Issues in a Mudharabah Contract","authors":"Abrista Devi","doi":"10.58968/fwm.v3i2.392","DOIUrl":"https://doi.org/10.58968/fwm.v3i2.392","url":null,"abstract":"This study critically examines the Fatwa MUI No. 105 on sharia ruling of capital guarantee in a mudharabah contract in Islamic bank practices. Some opinions from sharia Fatwa which is issued by International Fatwa Issuing-Bodies and Classical Muslim Scholars were used to obtain the holistic view on mudharabah capital guarantee. This study employs qualitative approach to assess the opinion of sharia scholars and utilizes inductive approach to summarize the data or information that are collected. The main data of this study is fatwa MUI No.105, Muslim scholars’ opinion from Fiqh or Ushul Fiqh literature, and group of international fatwas that are issued by reputable fatwa-issuing body. The study found that the MUI Fatwa No.105 which is stated that mudharib can guarantee mudharabah capital voluntarily contradicts to majority of four mazaahib, International Islamic Fiqh Academy and AAOIFI that state the mudharib is not allowed to guarantee the capital of the mudharabah. In addition, the Fatwa was not included the aspect of Amanah in its stipulation. However, under sharia methodology of maslahah, mudharib is still allowed to provide capital guarantee in certain situations: first, if mudharib is doing negligently in business, second, mudharib willingly impose themselves to guarantee the mudharabah capital, third, afraid of loss of potential customer, and lastly, mudharib voluntarily guarantee only the capital not profit.","PeriodicalId":227133,"journal":{"name":"Fara'id and Wealth Management","volume":"86 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140484212","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}
Waqf has a contribution to the economic development of a country, which can reduce government spending, equalize income distribution, reduce poverty and can increase economic growth. However, at present the potential for waqf has not been used optimally in Indonesia. There are many factors that cause not optimal management of waqf, therefore the author tries to analyze the management of productive waqf in Indonesia seen from 3 elements: problem elements, strategic elements, and institutional / stakeholder elements using Interpretive Structural Modeling (ISM) and the Delphi method. The results of this study of elements of problems which are the highest ranks are the less of educational or public understanding of waqf, less of public trust in Nazhir institutions and weak political will of authority holders. While the highest ranking of the elements of the strategy is the support of regulations / legislation on law. Then the highest rank of the related institutional elements are BWI, Ministry of Religious Affair (MoRA), and DSN-MUI.
{"title":"Finding Solutions for Productive Waqf Management in Indonesia","authors":"Nur Nazima Ulfa, Muhammad Isa Mustafa","doi":"10.58968/fwm.v3i2.389","DOIUrl":"https://doi.org/10.58968/fwm.v3i2.389","url":null,"abstract":"Waqf has a contribution to the economic development of a country, which can reduce government spending, equalize income distribution, reduce poverty and can increase economic growth. However, at present the potential for waqf has not been used optimally in Indonesia. There are many factors that cause not optimal management of waqf, therefore the author tries to analyze the management of productive waqf in Indonesia seen from 3 elements: problem elements, strategic elements, and institutional / stakeholder elements using Interpretive Structural Modeling (ISM) and the Delphi method. The results of this study of elements of problems which are the highest ranks are the less of educational or public understanding of waqf, less of public trust in Nazhir institutions and weak political will of authority holders. While the highest ranking of the elements of the strategy is the support of regulations / legislation on law. Then the highest rank of the related institutional elements are BWI, Ministry of Religious Affair (MoRA), and DSN-MUI. ","PeriodicalId":227133,"journal":{"name":"Fara'id and Wealth Management","volume":"42 21","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139599285","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}
Aisyah As-Salafiyah, A. Rusydiana, Eko Fajar Cahyono
In 2020, there were 4 Indonesian Scopus Q1 journals that examined sharia economics and finance, namely IJIMS, QIJIS, Studia Islamika and JII. Therefore, the purpose of this study is to present a bibliometric meta-analysis and visualization of the top trends of the theme articles from the Indonesian journal Scopus Q1. This study uses a journal database to analyze the percentage of the number of publications, the most widely used topics, the methodological approach, the top authors, the top agencies and the top countries where the research objects are located. Indonesia is the most influential country in the number of top article writers, top agencies and the most popular research object countries. The most widely published articles are QIJIS journals with a percentage of 42%, IJIMS with a percentage of 33%, Studia Islamika with a percentage of 17%, and JII with a percentage of 8%. This research can be used by readers to understand the general picture of sharia economic and financial article trends in the Indonesian Scopus Q1 journal and to know its contributors/authors, their institutions, the countries of their research and the topics they use.
{"title":"Bibliometric Analysis of Islamic Economics and Finance (IEF) Research on Indonesian Scopus Q1 Journals","authors":"Aisyah As-Salafiyah, A. Rusydiana, Eko Fajar Cahyono","doi":"10.58968/fwm.v3i2.380","DOIUrl":"https://doi.org/10.58968/fwm.v3i2.380","url":null,"abstract":"In 2020, there were 4 Indonesian Scopus Q1 journals that examined sharia economics and finance, namely IJIMS, QIJIS, Studia Islamika and JII. Therefore, the purpose of this study is to present a bibliometric meta-analysis and visualization of the top trends of the theme articles from the Indonesian journal Scopus Q1. This study uses a journal database to analyze the percentage of the number of publications, the most widely used topics, the methodological approach, the top authors, the top agencies and the top countries where the research objects are located. Indonesia is the most influential country in the number of top article writers, top agencies and the most popular research object countries. The most widely published articles are QIJIS journals with a percentage of 42%, IJIMS with a percentage of 33%, Studia Islamika with a percentage of 17%, and JII with a percentage of 8%. This research can be used by readers to understand the general picture of sharia economic and financial article trends in the Indonesian Scopus Q1 journal and to know its contributors/authors, their institutions, the countries of their research and the topics they use.","PeriodicalId":227133,"journal":{"name":"Fara'id and Wealth Management","volume":"121 26","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139614915","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}
A. Rusydiana, Raditya Sukmana, N. Laila, M. M. Ali
The discussion on responsible consumption and production is summarized in the twelfth SDGs goal. On the other hand, waqf is an instrument of Islamic social funds that has a sustainable nature and has the relevance of waqf to the SDGs, so it has the potential to be developed in its role in responsible consumption and production and its impacts. This study seeks to see the waqf development model that is relevant to the goals of the SDGs by determining the priority of the waqf model that can be applied in Indonesia which is in line with the objectives of SDG-12. The results of the study indicate that the Waqf & ZIS model is the right model to support the achievement of the twelfth goal of the SDGs, namely responsible consumption and production. This study also proposes a waqf-based waste management system that is suitable for this purpose.
{"title":"Waqf Development for Responsible Consumption and Production","authors":"A. Rusydiana, Raditya Sukmana, N. Laila, M. M. Ali","doi":"10.58968/fwm.v3i2.374","DOIUrl":"https://doi.org/10.58968/fwm.v3i2.374","url":null,"abstract":"The discussion on responsible consumption and production is summarized in the twelfth SDGs goal. On the other hand, waqf is an instrument of Islamic social funds that has a sustainable nature and has the relevance of waqf to the SDGs, so it has the potential to be developed in its role in responsible consumption and production and its impacts. This study seeks to see the waqf development model that is relevant to the goals of the SDGs by determining the priority of the waqf model that can be applied in Indonesia which is in line with the objectives of SDG-12. The results of the study indicate that the Waqf & ZIS model is the right model to support the achievement of the twelfth goal of the SDGs, namely responsible consumption and production. This study also proposes a waqf-based waste management system that is suitable for this purpose. ","PeriodicalId":227133,"journal":{"name":"Fara'id and Wealth Management","volume":"14 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139530018","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}
This study aims to see the development of research on the topic of Islamic Social Investment and research plans that can be carried out based on journals published on the theme. This research uses a qualitative method with a bibliometric analysis approach. The data used is secondary data with the theme "Islamic Social Investment" which comes from the Scopus database with a total of 309 journal articles. Then, the data is processed and analyzed using the VosViewer application with the aim of knowing the bibliometric map of Islamic Social Investment research development in the world. The results of the study found that, based on bibliometric keyword mapping there are 7 clusters that can become research paths with topics related to Islamic Finance and Responsible Investment, Corporate Governance & Islamic Social Investment, Financial Cooperation & Islamic Social Investment, Waqf & Islamic Social Investment, Fintech & Islamic Social Investment, Economic Growth & Islamic Social Investment, and Covid-19 & Sustainable Islamic Social Investment. Furthermore, the most used words are country, Islamic bank, performance, investor, value, institution, international economics, risk, sukuk, and waqf.
{"title":"Vosviewer Application on Islamic Social Investment","authors":"Mimma Maripatul Uula","doi":"10.58968/fwm.v3i1.312","DOIUrl":"https://doi.org/10.58968/fwm.v3i1.312","url":null,"abstract":"This study aims to see the development of research on the topic of Islamic Social Investment and research plans that can be carried out based on journals published on the theme. This research uses a qualitative method with a bibliometric analysis approach. The data used is secondary data with the theme \"Islamic Social Investment\" which comes from the Scopus database with a total of 309 journal articles. Then, the data is processed and analyzed using the VosViewer application with the aim of knowing the bibliometric map of Islamic Social Investment research development in the world. The results of the study found that, based on bibliometric keyword mapping there are 7 clusters that can become research paths with topics related to Islamic Finance and Responsible Investment, Corporate Governance & Islamic Social Investment, Financial Cooperation & Islamic Social Investment, Waqf & Islamic Social Investment, Fintech & Islamic Social Investment, Economic Growth & Islamic Social Investment, and Covid-19 & Sustainable Islamic Social Investment. Furthermore, the most used words are country, Islamic bank, performance, investor, value, institution, international economics, risk, sukuk, and waqf. ","PeriodicalId":227133,"journal":{"name":"Fara'id and Wealth Management","volume":"4 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138589635","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}
Agriculture sector has a strategic and important role for Indonesia's economic growth. The accured problems are lack of capital for developing this sector, agriculture modernism, uncommitted human resources and ignorance of farmer's welfare. At the same time, the development of sukuk develops rapidly in the world. Sukuk is used for financing all aspects that are needed into finance. So, this is such an opportunity for Indonesia to integrate sukuk for financing in developing agriculture sector in Indonesia. This paper proposes some concept of financing for developing agriculture sector with mudharabah sukuk and salam sukuk. This concept may achieve many capitals for agriculture in Indonesia. Because except the fund achieved for sukuk, the government also gives the budget allocation for this sector. Thus it, the capital problem such as technology, excellent seed, fertilizer, infrastructure, marketing and many other problems may overcome soon
{"title":"The Application of Sukuk Mudharabah and Sukuk Salam for Agricultural Sector Development in Indonesia","authors":"Irfan Nurfalah","doi":"10.58968/fwm.v3i1.299","DOIUrl":"https://doi.org/10.58968/fwm.v3i1.299","url":null,"abstract":"Agriculture sector has a strategic and important role for Indonesia's economic growth. The accured problems are lack of capital for developing this sector, agriculture modernism, uncommitted human resources and ignorance of farmer's welfare. At the same time, the development of sukuk develops rapidly in the world. Sukuk is used for financing all aspects that are needed into finance. So, this is such an opportunity for Indonesia to integrate sukuk for financing in developing agriculture sector in Indonesia. This paper proposes some concept of financing for developing agriculture sector with mudharabah sukuk and salam sukuk. This concept may achieve many capitals for agriculture in Indonesia. Because except the fund achieved for sukuk, the government also gives the budget allocation for this sector. Thus it, the capital problem such as technology, excellent seed, fertilizer, infrastructure, marketing and many other problems may overcome soon","PeriodicalId":227133,"journal":{"name":"Fara'id and Wealth Management","volume":"191 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139210764","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}
The potential for collecting zakat in Indonesia is very high because the majority of the people are Muslims. However, the realization of zakat collection in Indonesia that has been collected by zakat management institutions, both BAZ and LAZ, is still far from the assumed amount. Zakat management institutions have an important role to collect, manage and distribute zakat. Therefore efficiency is needed by zakat management institutions in order to maximize zakat management. This study aims to analyze the level of performance efficiency of Zakat Management Institutions, especially LAZ Harfa Banten using data envelopment analysis (DEA) in the 2017-2020 period. Results of data analysis using software MaxDEA Basic 8 shows that in 2017 and 2020 LAZ Harfa Banten experienced perfect efficiency with a score of 100% or had an efficiency score of 1. Meanwhile in 2018 and 2019 LAZ Harfa Banten experienced inefficiency, namely in 2018 with an efficiency score of 94.94% and in 2019 the efficiency value was 83.56%. Inefficiency occurs because the input variable whose actual value is not in accordance with the DEA calculation target, namely total assets. Meanwhile, the output variables, namely the amount of zakat receipts and the amount of zakat distribution, both experience inefficiency because the actual value and target value are not appropriate or balanced.
{"title":"Analysis of the Performance Efficiency of Zakat Management Institutions Using Data Envelopment Analysis: Study at LAZ Harfa Banten 2017-2020","authors":"A. Rohmatullah","doi":"10.58968/fwm.v2i2.191","DOIUrl":"https://doi.org/10.58968/fwm.v2i2.191","url":null,"abstract":"The potential for collecting zakat in Indonesia is very high because the majority of the people are Muslims. However, the realization of zakat collection in Indonesia that has been collected by zakat management institutions, both BAZ and LAZ, is still far from the assumed amount. Zakat management institutions have an important role to collect, manage and distribute zakat. Therefore efficiency is needed by zakat management institutions in order to maximize zakat management. This study aims to analyze the level of performance efficiency of Zakat Management Institutions, especially LAZ Harfa Banten using data envelopment analysis (DEA) in the 2017-2020 period. Results of data analysis using software MaxDEA Basic 8 shows that in 2017 and 2020 LAZ Harfa Banten experienced perfect efficiency with a score of 100% or had an efficiency score of 1. Meanwhile in 2018 and 2019 LAZ Harfa Banten experienced inefficiency, namely in 2018 with an efficiency score of 94.94% and in 2019 the efficiency value was 83.56%. Inefficiency occurs because the input variable whose actual value is not in accordance with the DEA calculation target, namely total assets. Meanwhile, the output variables, namely the amount of zakat receipts and the amount of zakat distribution, both experience inefficiency because the actual value and target value are not appropriate or balanced.","PeriodicalId":227133,"journal":{"name":"Fara'id and Wealth Management","volume":"213 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114306953","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}
This study aims to see the development of research "Islamic Financial Planning” around the world and research plans that can be carried out based on journals published on that theme. This study used a qualitative method with a bibliometric analysis approach. The data used is secondary data with the theme "Islamic Financial Planning” which comes from the Scopus database with a total of 114 journal articles. Then, the data is processed and analyzed using the VosViewer application with the aim of knowing the research development blibliometric map "Islamic Financial Planning" in this world. The results of the study found that in the author mapping bibliometrics the author published the most research with the theme "Islamic Financial Planning” is Kamaruddin, M.I.H; Shahimi, S; Shahriar, K; Andayani, S; Bijma, H.H; and Aggarwal A. Furthermore, based on bibliometric keyword mapping, there are 5 clusters that can be research lines with topics related to principles and practice, family planning, impact of Covid-19 on financial sustainability, Islamic banking, and Entrepreneurship, Personal Health, and for the most used words are performance, family planning, bank, Islamic banking, and zakat.
{"title":"Islamic Financial Planning","authors":"Hasna Luthfi, Mimma Maripatul Uula","doi":"10.58968/fwm.v2i2.194","DOIUrl":"https://doi.org/10.58968/fwm.v2i2.194","url":null,"abstract":"This study aims to see the development of research \"Islamic Financial Planning” around the world and research plans that can be carried out based on journals published on that theme. This study used a qualitative method with a bibliometric analysis approach. The data used is secondary data with the theme \"Islamic Financial Planning” which comes from the Scopus database with a total of 114 journal articles. Then, the data is processed and analyzed using the VosViewer application with the aim of knowing the research development blibliometric map \"Islamic Financial Planning\" in this world. The results of the study found that in the author mapping bibliometrics the author published the most research with the theme \"Islamic Financial Planning” is Kamaruddin, M.I.H; Shahimi, S; Shahriar, K; Andayani, S; Bijma, H.H; and Aggarwal A. Furthermore, based on bibliometric keyword mapping, there are 5 clusters that can be research lines with topics related to principles and practice, family planning, impact of Covid-19 on financial sustainability, Islamic banking, and Entrepreneurship, Personal Health, and for the most used words are performance, family planning, bank, Islamic banking, and zakat.","PeriodicalId":227133,"journal":{"name":"Fara'id and Wealth Management","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132264565","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}
Since the last 5 years the halal industry has now captured a lot of public attention, not only from the food sector but also extends to the tourism, hospitality, pharmaceutical and cosmetic sectors. The increasing demand for Muslim consumers for halal products is a business opportunity for producers or companies. The growth of the cosmetics market is projected to increase by 7% in 2021. This study aims to determine the buying intention of Muslims in buying or using halal cosmetics using the Theory of Planned Behavior (TPB). Data was collected by distributing questionnaires online. Then the collected data was processed using Structural Equation Modeling-Partial Least Square (SEM-PLS) and concluded that it is known that the latent variable attitude has a path coefficient value of 0.026, this shows a positive influence on purchase intentions.
在过去的5年里,清真产业现在已经引起了公众的广泛关注,不仅从食品行业,而且延伸到旅游,酒店,制药和化妆品行业。穆斯林消费者对清真产品日益增长的需求对生产商或公司来说是一个商机。预计到2021年,化妆品市场的增长率将达到7%。本研究旨在利用计划行为理论(Theory of Planned Behavior, TPB)来确定穆斯林购买或使用清真化妆品的购买意愿。数据是通过在线发放问卷收集的。然后利用结构方程模型-偏最小二乘法(SEM-PLS)对收集到的数据进行处理,得出潜在变量态度的路径系数为0.026,表明态度对购买意愿有正向影响。
{"title":"Muslimah Intention on Halal Cosmetic: A SEM PLS","authors":"Nurhidayati Bintu Jalil","doi":"10.58968/fwm.v2i2.188","DOIUrl":"https://doi.org/10.58968/fwm.v2i2.188","url":null,"abstract":"Since the last 5 years the halal industry has now captured a lot of public attention, not only from the food sector but also extends to the tourism, hospitality, pharmaceutical and cosmetic sectors. The increasing demand for Muslim consumers for halal products is a business opportunity for producers or companies. The growth of the cosmetics market is projected to increase by 7% in 2021. This study aims to determine the buying intention of Muslims in buying or using halal cosmetics using the Theory of Planned Behavior (TPB). Data was collected by distributing questionnaires online. Then the collected data was processed using Structural Equation Modeling-Partial Least Square (SEM-PLS) and concluded that it is known that the latent variable attitude has a path coefficient value of 0.026, this shows a positive influence on purchase intentions.","PeriodicalId":227133,"journal":{"name":"Fara'id and Wealth Management","volume":"2002 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125750924","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}