Endah Pratika Hasto Putri, Agus Muhammad Maftuh, Fidaul Lely Puji Rahayu, Y. Ardianto, Andi Triyanto
This article analyzes the empowerment of zakat as a social instrument with implications for alleviating poverty. This study aims to explore the empowerment of zakat in the AngkringanMU program from the perspective of in kind models as well as the economic impact and benefits of zakat on mustahik. This research uses a qualitative approach with the type of case study. The primary data sources used are management bodies, coaches, LAZISMU partners and AngkringanMU customers. Methods of data collection using interviews, observation, and documentation. The instruments used were interview guidelines, observation guidelines, and document scrutiny sheets. The validity of the data used triangulation of sources, time, methods, and the extension of the research time. Data analysis used qualitative analysis with data collection, data reduction, and conclusion. The results of the study reveal that LAZISMU Magelang City has implemented in kind models in terms of empowerment: 1) Production equipment and cash as initial business capital, 2) Monitoring for mustahik, 3) Direct monitoring for mustahik, 4) Giving infaq boxes to mustahik. The AngkringanMU program has an economic impact on mustahik, as follows: 1) Income: partners have a source of income every month, there is a 25% increase in monthly income. 2) Welfare: partners fill in the infaq box, although it is not mandatory. 3) Networking: a discussion forum once a month is a place to share business development strategies. 4) Spirituality: a forum for friendship, making partners more religious and understanding their obligations for the sustenance that is zakat.Keywords: Empowerment; LAZISMU; AngkringanMU; In kind models
{"title":"Pemberdayaan Zakat dalam Program Angkringanmu Perspektif in Kind Models Studi LAZISMU Kota Magelang","authors":"Endah Pratika Hasto Putri, Agus Muhammad Maftuh, Fidaul Lely Puji Rahayu, Y. Ardianto, Andi Triyanto","doi":"10.37058/jes.v7i2.4560","DOIUrl":"https://doi.org/10.37058/jes.v7i2.4560","url":null,"abstract":"This article analyzes the empowerment of zakat as a social instrument with implications for alleviating poverty. This study aims to explore the empowerment of zakat in the AngkringanMU program from the perspective of in kind models as well as the economic impact and benefits of zakat on mustahik. This research uses a qualitative approach with the type of case study. The primary data sources used are management bodies, coaches, LAZISMU partners and AngkringanMU customers. Methods of data collection using interviews, observation, and documentation. The instruments used were interview guidelines, observation guidelines, and document scrutiny sheets. The validity of the data used triangulation of sources, time, methods, and the extension of the research time. Data analysis used qualitative analysis with data collection, data reduction, and conclusion. The results of the study reveal that LAZISMU Magelang City has implemented in kind models in terms of empowerment: 1) Production equipment and cash as initial business capital, 2) Monitoring for mustahik, 3) Direct monitoring for mustahik, 4) Giving infaq boxes to mustahik. The AngkringanMU program has an economic impact on mustahik, as follows: 1) Income: partners have a source of income every month, there is a 25% increase in monthly income. 2) Welfare: partners fill in the infaq box, although it is not mandatory. 3) Networking: a discussion forum once a month is a place to share business development strategies. 4) Spirituality: a forum for friendship, making partners more religious and understanding their obligations for the sustenance that is zakat.Keywords: Empowerment; LAZISMU; AngkringanMU; In kind models","PeriodicalId":31771,"journal":{"name":"Equilibrium Jurnal Ekonomi Syariah","volume":"2 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78850000","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 : 2022-06-30DOI: 10.21043/equilibrium.v10i1.14239
Fedi Ameraldo, Marsi Fella Rizki, Abdullah Jihad Rabaya
In Indonesia, the number of Shari’ah Compliant Companies (ShCCs) has risen since the release of a fatwa that encourages the growth of the Islamic Capital Market (ICM) in the country. ShCCs are expected to be transparent in disclosing information in their annual reports. Besides non-financial information, the ShCCs also need to provide more information on compliance with Islamic teaching in their reports. This action is to fulfill their responsibility and accountability to society. This study aims to assess the extent and the quality of the Corporate Social Responsibility (CSR) disclosure in the annual reports of ShCCs of Indonesia. The data were collected from the 2014 annual report of 100 ShCCs in Indonesia. To measure the extent and quality of CSR disclosure, a checklist comprising 33 items was constructed. This study used descriptive statistics and reliability tests as the primary statistical tests. The results showed that the extent and quality of CSR disclosure among ShCCs in Indonesia are low. It suggests that ShCCs maintain the narrative disclosure stage rather than promote verifiable CSR information. Hence, companies must intensify the quality of CSR disclosure by providing CSR information in both quantitative and qualitative forms.
{"title":"CSR Disclosure of Shari’ah Compliant Companies in Indonesia: The Extent and Quality Examination","authors":"Fedi Ameraldo, Marsi Fella Rizki, Abdullah Jihad Rabaya","doi":"10.21043/equilibrium.v10i1.14239","DOIUrl":"https://doi.org/10.21043/equilibrium.v10i1.14239","url":null,"abstract":"In Indonesia, the number of Shari’ah Compliant Companies (ShCCs) has risen since the release of a fatwa that encourages the growth of the Islamic Capital Market (ICM) in the country. ShCCs are expected to be transparent in disclosing information in their annual reports. Besides non-financial information, the ShCCs also need to provide more information on compliance with Islamic teaching in their reports. This action is to fulfill their responsibility and accountability to society. This study aims to assess the extent and the quality of the Corporate Social Responsibility (CSR) disclosure in the annual reports of ShCCs of Indonesia. The data were collected from the 2014 annual report of 100 ShCCs in Indonesia. To measure the extent and quality of CSR disclosure, a checklist comprising 33 items was constructed. This study used descriptive statistics and reliability tests as the primary statistical tests. The results showed that the extent and quality of CSR disclosure among ShCCs in Indonesia are low. It suggests that ShCCs maintain the narrative disclosure stage rather than promote verifiable CSR information. Hence, companies must intensify the quality of CSR disclosure by providing CSR information in both quantitative and qualitative forms.","PeriodicalId":31771,"journal":{"name":"Equilibrium Jurnal Ekonomi Syariah","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46143651","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 : 2022-06-30DOI: 10.21043/equilibrium.v10i1.13542
Sri Retnoningsih, Ahmad Maulin Naufa, Wulan Budi Astuti
This paper examines the impact of Covid-19 (death and positive cases) on Indonesia's Islamic capital market, proxied by the Jakarta Islamic Index. Covid-19 data in Indonesia, which is proxied by four measures such as the number of new cases (NC), cumulative cases (CC), new deaths (ND), and cumulative deaths (CD). Further, whether any policy from regulators could mitigate its impact, we utilize daily time-series data from January to July and propose the multiple regression model to test its effect with some robustness checks. Our results indicate that Covid-19 leads to a lower price of the Islamic index, and the regulations from the government could reduce its negative impact. The negative impact of Covid-19 could be reduced by policies from the Indonesian government and other authorities like OJK, IDX, and BI. The policy from those regulators is grouped by policy backgrounds such as lockdowns and restrictions, reopening economy like new normal, fiscal, monetary, and macroeconomic, exchange rate, and balance of payments. Therefore, it is pivotal to alleviate Covid-19’s drawbacks on the Islamic capital market by providing relevant policies in Indonesia.
{"title":"The Covid-19, Policy, and Islamic Capital Market in Indonesia","authors":"Sri Retnoningsih, Ahmad Maulin Naufa, Wulan Budi Astuti","doi":"10.21043/equilibrium.v10i1.13542","DOIUrl":"https://doi.org/10.21043/equilibrium.v10i1.13542","url":null,"abstract":"This paper examines the impact of Covid-19 (death and positive cases) on Indonesia's Islamic capital market, proxied by the Jakarta Islamic Index. Covid-19 data in Indonesia, which is proxied by four measures such as the number of new cases (NC), cumulative cases (CC), new deaths (ND), and cumulative deaths (CD). Further, whether any policy from regulators could mitigate its impact, we utilize daily time-series data from January to July and propose the multiple regression model to test its effect with some robustness checks. Our results indicate that Covid-19 leads to a lower price of the Islamic index, and the regulations from the government could reduce its negative impact. The negative impact of Covid-19 could be reduced by policies from the Indonesian government and other authorities like OJK, IDX, and BI. The policy from those regulators is grouped by policy backgrounds such as lockdowns and restrictions, reopening economy like new normal, fiscal, monetary, and macroeconomic, exchange rate, and balance of payments. Therefore, it is pivotal to alleviate Covid-19’s drawbacks on the Islamic capital market by providing relevant policies in Indonesia.","PeriodicalId":31771,"journal":{"name":"Equilibrium Jurnal Ekonomi Syariah","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45490829","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 : 2022-06-22DOI: 10.21043/equilibrium.v10i1.14641
H. Hasbi, M. G. Wibowo
This study seeks to determine the effect of government spending, level of concern, and economic growth on I-HDI in the OIC countries with good governance as moderation in 2010-2019. This study uses explanatory quantitative research methods. The sampling technique in this research is non-probability sampling, with a sample of 10 countries of the Organization of Islamic Cooperation. The data analysis techniques used were descriptive analysis, Generalized Least Squares (GLS) model, hypothesis testing, and Moderated Regression Analysis (MRA) model. The results of statistical testing show that the variable government expenditure and unemployment rate do not affect the Islamic Human Development Index, while the variable economic growth has a negative effect. In addition, good governance cannot moderate the effect of government spending on the Islamic Human Development Index, while the unemployment rate and economic growth can be moderated in their influence on the Islamic Human Development Index. Thus, it can be concluded that to increase the human development index in the Islamic perspective, and there is a need for good governance so that human development in the OIC country is increasing.
{"title":"Determinants of Islamic Human Development Index in OIC Countries With Good Governance as Moderating Variables","authors":"H. Hasbi, M. G. Wibowo","doi":"10.21043/equilibrium.v10i1.14641","DOIUrl":"https://doi.org/10.21043/equilibrium.v10i1.14641","url":null,"abstract":"This study seeks to determine the effect of government spending, level of concern, and economic growth on I-HDI in the OIC countries with good governance as moderation in 2010-2019. This study uses explanatory quantitative research methods. The sampling technique in this research is non-probability sampling, with a sample of 10 countries of the Organization of Islamic Cooperation. The data analysis techniques used were descriptive analysis, Generalized Least Squares (GLS) model, hypothesis testing, and Moderated Regression Analysis (MRA) model. The results of statistical testing show that the variable government expenditure and unemployment rate do not affect the Islamic Human Development Index, while the variable economic growth has a negative effect. In addition, good governance cannot moderate the effect of government spending on the Islamic Human Development Index, while the unemployment rate and economic growth can be moderated in their influence on the Islamic Human Development Index. Thus, it can be concluded that to increase the human development index in the Islamic perspective, and there is a need for good governance so that human development in the OIC country is increasing.","PeriodicalId":31771,"journal":{"name":"Equilibrium Jurnal Ekonomi Syariah","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44864645","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 : 2022-06-22DOI: 10.21043/equilibrium.v10i1.12352
Mar'atun Shalihah
This research aims to analyze the local community’s supported influence based on Sharia Tourism Development in the Central Maluku Regency. Some variables are affected by this research, such as negative and positive perceptions of local residents toward the economy, society, and environment around the population. The methodology of this research is quantitative research which uses an explanatory method. There are around 51 participants as samples. Those samples are chosen from Mamala and Morella villages directly involved in tourism activities. The data is processed and analyzed using SEM PLS ver.3 Software. Results of the study found that: the social impact had a positive and significant impact on local community support for sharia tourism development, and the negative impact had a negative and significant impact on the support for sharia tourism development. In contrast, the economic and environmental impact had a positive but not significant impact on the population support local to the development of sharia tourism
{"title":"The Effect of Local Community Support Toward Sharia Tourism in Central Maluku Regency","authors":"Mar'atun Shalihah","doi":"10.21043/equilibrium.v10i1.12352","DOIUrl":"https://doi.org/10.21043/equilibrium.v10i1.12352","url":null,"abstract":"This research aims to analyze the local community’s supported influence based on Sharia Tourism Development in the Central Maluku Regency. Some variables are affected by this research, such as negative and positive perceptions of local residents toward the economy, society, and environment around the population. The methodology of this research is quantitative research which uses an explanatory method. There are around 51 participants as samples. Those samples are chosen from Mamala and Morella villages directly involved in tourism activities. The data is processed and analyzed using SEM PLS ver.3 Software. Results of the study found that: the social impact had a positive and significant impact on local community support for sharia tourism development, and the negative impact had a negative and significant impact on the support for sharia tourism development. In contrast, the economic and environmental impact had a positive but not significant impact on the population support local to the development of sharia tourism","PeriodicalId":31771,"journal":{"name":"Equilibrium Jurnal Ekonomi Syariah","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41782231","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 : 2022-06-21DOI: 10.21043/equilibrium.v10i1.14935
Anita Rahmawaty, Forbis Ahamed, Wahibur Rokhman
This study aims to examine the effect of quality of work-life and Islamic work ethics on employee performance and the mediating role of employee engagement among quality of work-life, Islamic work ethics and employee performance. The paper explicitly highlighted the conduct and outcomes of the study. A quantitative survey approach was used to collect necessary data by applying the instruments adopted from previous studies. The reliability and validity of tools were above the standard. Out of 250 sets of questionnaires distributed to the employees working with Small and Medium Enterprises (SMEs) throughout Kudus region, Central Java, Indonesia, a sample size of 194 has been utilized for data analysis to test study hypothesis. The path analysis indicated that quality of work-life and Islamic work ethics contributed significantly to employee engagement, subsequently to employee performance. However, the quality of work-life had no significant direct effect on employee performance as such the relationship was fully mediated by employee engagement, whereas employee engagement partial mediated on Islamic work ethics and employee performance. Thus, spiritual adoption of work ethics seems a necessity for today’s business organization. Therefore, it is recommended to SMEs’ owners and practitioners that they could improve their business performance through improved quality of work-life, Islamic work ethics, and employee engagement.
{"title":"Interrelationship among Quality of Work-Life, Islamic Work Ethics, and Employee Performance: Employee Engagement as Mediator","authors":"Anita Rahmawaty, Forbis Ahamed, Wahibur Rokhman","doi":"10.21043/equilibrium.v10i1.14935","DOIUrl":"https://doi.org/10.21043/equilibrium.v10i1.14935","url":null,"abstract":"This study aims to examine the effect of quality of work-life and Islamic work ethics on employee performance and the mediating role of employee engagement among quality of work-life, Islamic work ethics and employee performance. The paper explicitly highlighted the conduct and outcomes of the study. A quantitative survey approach was used to collect necessary data by applying the instruments adopted from previous studies. The reliability and validity of tools were above the standard. Out of 250 sets of questionnaires distributed to the employees working with Small and Medium Enterprises (SMEs) throughout Kudus region, Central Java, Indonesia, a sample size of 194 has been utilized for data analysis to test study hypothesis. The path analysis indicated that quality of work-life and Islamic work ethics contributed significantly to employee engagement, subsequently to employee performance. However, the quality of work-life had no significant direct effect on employee performance as such the relationship was fully mediated by employee engagement, whereas employee engagement partial mediated on Islamic work ethics and employee performance. Thus, spiritual adoption of work ethics seems a necessity for today’s business organization. Therefore, it is recommended to SMEs’ owners and practitioners that they could improve their business performance through improved quality of work-life, Islamic work ethics, and employee engagement.","PeriodicalId":31771,"journal":{"name":"Equilibrium Jurnal Ekonomi Syariah","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43212057","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 : 2022-06-21DOI: 10.21043/equilibrium.v10i1.14852
Sufyati Hs, T. Handayani, Sofia Maulida, M. Melati
The Islamic banking industry has transformed into an industry with prospects that can surpass conventional banking. This study analyzes the effect of the financial performance and soundness of Bank Syariah Indonesia before the mega-merger on profitability. The research uses bank health indicators, including Adequacy Ratio (CAR), Non-Performing Financing (NPF), Financing to Deposit Ratio (FDR), Operational Efficiency Ratio (OER), Net Operating Margin (NOM), and Return on Assets (ROA). The research method uses multiple linear regression. The results showed that CAR, NPF, and NOM did not affect ROA. However, FDR and OER affect ROA. Indonesian Islamic banks need to pay attention to the feasibility aspect of financing to avoid non-performing financing. Islamic banks use FDR and OER to increase their profitability because the conditions experienced by Bank Syariah Indonesia as the leading Islamic bank in Indonesia after the mega-merger, are considered capable of simultaneously representing.
{"title":"Financial Performance and Health Analysis of Islamic Banking Pre-Mega Merger","authors":"Sufyati Hs, T. Handayani, Sofia Maulida, M. Melati","doi":"10.21043/equilibrium.v10i1.14852","DOIUrl":"https://doi.org/10.21043/equilibrium.v10i1.14852","url":null,"abstract":"The Islamic banking industry has transformed into an industry with prospects that can surpass conventional banking. This study analyzes the effect of the financial performance and soundness of Bank Syariah Indonesia before the mega-merger on profitability. The research uses bank health indicators, including Adequacy Ratio (CAR), Non-Performing Financing (NPF), Financing to Deposit Ratio (FDR), Operational Efficiency Ratio (OER), Net Operating Margin (NOM), and Return on Assets (ROA). The research method uses multiple linear regression. The results showed that CAR, NPF, and NOM did not affect ROA. However, FDR and OER affect ROA. Indonesian Islamic banks need to pay attention to the feasibility aspect of financing to avoid non-performing financing. Islamic banks use FDR and OER to increase their profitability because the conditions experienced by Bank Syariah Indonesia as the leading Islamic bank in Indonesia after the mega-merger, are considered capable of simultaneously representing.","PeriodicalId":31771,"journal":{"name":"Equilibrium Jurnal Ekonomi Syariah","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48547280","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 : 2022-06-21DOI: 10.21043/equilibrium.v10i1.13278
Aldi Khusmufa Nur Iman, Andriani Samsuri
Some countries consider cryptocurrencies as an avenue for money laundering and other illegal activities, especially Muslim countries, many of which prohibit the use of cryptocurrencies and even prohibit them. This study aims to identify the specific risks of cryptocurrency investment and to understand the sharia-compliant concept to open opportunities for the Islamic economy in the future. The data collection technique used is literature study by collecting data from previous studies in the form of documenting articles, journals or books as well as publication data from other parties. The data analysis techniques used were data reduction, data presentation, and drawing conclusions. The results show that although cryptocurrencies promise some strengths, in terms of investment there is a risk. Some cryptocurrencies have indeed been developed to address the issue of cryptocurrency non-compliance with Sharia law. Like OneGram, one of the cryptocurrencies that can be classified according to sharia. The alternative concept of sharia cryptocurrency has the potential to build Islamic economic products and have a positive effect on the global economy, especially in the context of welcoming a modern Islamic economic order that is conducive to all circles and the realization of a better future for the Islamic economic community
{"title":"Cryptocurrency; Financial Risk And Shariah-Compliant Alternative Concept","authors":"Aldi Khusmufa Nur Iman, Andriani Samsuri","doi":"10.21043/equilibrium.v10i1.13278","DOIUrl":"https://doi.org/10.21043/equilibrium.v10i1.13278","url":null,"abstract":"Some countries consider cryptocurrencies as an avenue for money laundering and other illegal activities, especially Muslim countries, many of which prohibit the use of cryptocurrencies and even prohibit them. This study aims to identify the specific risks of cryptocurrency investment and to understand the sharia-compliant concept to open opportunities for the Islamic economy in the future. The data collection technique used is literature study by collecting data from previous studies in the form of documenting articles, journals or books as well as publication data from other parties. The data analysis techniques used were data reduction, data presentation, and drawing conclusions. The results show that although cryptocurrencies promise some strengths, in terms of investment there is a risk. Some cryptocurrencies have indeed been developed to address the issue of cryptocurrency non-compliance with Sharia law. Like OneGram, one of the cryptocurrencies that can be classified according to sharia. The alternative concept of sharia cryptocurrency has the potential to build Islamic economic products and have a positive effect on the global economy, especially in the context of welcoming a modern Islamic economic order that is conducive to all circles and the realization of a better future for the Islamic economic community","PeriodicalId":31771,"journal":{"name":"Equilibrium Jurnal Ekonomi Syariah","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41981682","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 : 2022-06-21DOI: 10.21043/equilibrium.v10i1.12328
Fera Widyanata, Ahmad Syathiri, D. -
One of the economic sectors hardest hit by the Covid-19 in Indonesia is MSMEs. During the Covid-19 pandemic, business capital assistance is urgently needed by MSMEs to keep running. Mudharabah and musharakah are Islamic banking financing products explicitly aimed at business needs and investment in the real sector, such as MSMEs. Therefore, a more in-depth quantitative analysis is needed regarding the role of mudharabah and musharakah contracts on MSMEs financing during the Covid-19 using panel data regression techniques, with a monthly observation period from March 2020 to May 2021 for all Islamic banking in Indonesia. With the Fixed Effect Model approach, it was found that the mudharabah and musharakah contracts statistically had no significant effect on MSMEs financing during the Covid-19. The conclusion is that during the Covid-19, there was an increase in MSMEs financing with mudharabah contracts, but it was not significant. In contrast, the musharakah contract did not increase the contribution to MSMEs financing.
{"title":"The Impact of Covid-19 on MSMEs Financing in Indonesia: The Role of Mudharabah and Musharakah","authors":"Fera Widyanata, Ahmad Syathiri, D. -","doi":"10.21043/equilibrium.v10i1.12328","DOIUrl":"https://doi.org/10.21043/equilibrium.v10i1.12328","url":null,"abstract":"One of the economic sectors hardest hit by the Covid-19 in Indonesia is MSMEs. During the Covid-19 pandemic, business capital assistance is urgently needed by MSMEs to keep running. Mudharabah and musharakah are Islamic banking financing products explicitly aimed at business needs and investment in the real sector, such as MSMEs. Therefore, a more in-depth quantitative analysis is needed regarding the role of mudharabah and musharakah contracts on MSMEs financing during the Covid-19 using panel data regression techniques, with a monthly observation period from March 2020 to May 2021 for all Islamic banking in Indonesia. With the Fixed Effect Model approach, it was found that the mudharabah and musharakah contracts statistically had no significant effect on MSMEs financing during the Covid-19. The conclusion is that during the Covid-19, there was an increase in MSMEs financing with mudharabah contracts, but it was not significant. In contrast, the musharakah contract did not increase the contribution to MSMEs financing.","PeriodicalId":31771,"journal":{"name":"Equilibrium Jurnal Ekonomi Syariah","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48706700","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 : 2022-06-08DOI: 10.21043/equilibrium.v10i1.15351
H. Husnurrosyidah, Inayatul Fatihah
Beneish M-Score and F-Score are methods of identifying fraud in financial statements. The difference in research results between the two methods requires an in-depth study of the effectiveness of the Beneish M-Score and F-Score methods for detecting fraud. The type of research is descriptive and quantitative. The population in this study were companies registered in JII from 2017-2021. Through purposive sampling, ten sample companies were obtained. The results revealed that the Beneish M-Score method is more effective in detecting fraud in JII-registered companies in 2017-2021 than the F-Score. Evidenced by a higher level of accuracy and lower error type than the F-score method. However, the F-Score method has weaknesses in the level of accuracy and type error. Therefore, the Beneish M-Score helps regulators and auditors detect fraud in financial statements, so it is very important for potential investors to be able to make the right investing decisions.
{"title":"Fraud Detecting Using Beneish M-Score and F-Score: Which is More Effective?","authors":"H. Husnurrosyidah, Inayatul Fatihah","doi":"10.21043/equilibrium.v10i1.15351","DOIUrl":"https://doi.org/10.21043/equilibrium.v10i1.15351","url":null,"abstract":"Beneish M-Score and F-Score are methods of identifying fraud in financial statements. The difference in research results between the two methods requires an in-depth study of the effectiveness of the Beneish M-Score and F-Score methods for detecting fraud. The type of research is descriptive and quantitative. The population in this study were companies registered in JII from 2017-2021. Through purposive sampling, ten sample companies were obtained. The results revealed that the Beneish M-Score method is more effective in detecting fraud in JII-registered companies in 2017-2021 than the F-Score. Evidenced by a higher level of accuracy and lower error type than the F-score method. However, the F-Score method has weaknesses in the level of accuracy and type error. Therefore, the Beneish M-Score helps regulators and auditors detect fraud in financial statements, so it is very important for potential investors to be able to make the right investing decisions.","PeriodicalId":31771,"journal":{"name":"Equilibrium Jurnal Ekonomi Syariah","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42087958","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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