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The Role of Green Sukuk in Financing Sustainable Development: A Netnographic Analysis of Investor Sentiment and Discourse Amir Mukadar; Aan Zulyanto
Socio-Economic and Humanistic Aspects for Township and Industry Vol. 4 No. 1 (2026): Socio-Economic and Humanistic Aspects for Township and Industry
Publisher : Tinta Emas Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59535/sehati.v2i4.646

Abstract

This study has successfully examined investor sentiment and discourse on green sukuk through a qualitative netnographic approach. Although green sukuk has gained increasing attention as an Islamic sustainable finance instrument, limited research has explored how investors perceive, evaluate, and discuss it in digital environments. This study analyzed 847 text units collected from publicly accessible online platforms, including social media, Islamic finance forums, investment discussion communities, YouTube comment sections, and public blogs. The data were coded inductively using NVivo 14 and analyzed through thematic analysis. The findings identified four dominant themes: investor trust and credibility, financial return expectations, environmental awareness and motivation, and religious motivation. Trust and credibility emerged as the most prominent theme, reflecting investor concerns regarding transparency, certification, issuer reputation, and impact reporting. Financial return expectations showed that investors continue to assess green sukuk through yield, liquidity, risk, and accessibility considerations. Environmental motivation was expressed through concerns about climate action, measurable green impact, and project additionality, while religious motivation reflected Sharia compliance, halal investment identity, and Islamic ethical responsibility. The study demonstrates that investor sentiment toward green sukuk is shaped by the interaction of financial rationality, environmental concern, institutional trust, and religious legitimacy. These findings offer practical implications for issuers, regulators, and Sharia supervisory bodies in strengthening transparency, impact reporting, market credibility, and investor confidence in Islamic sustainable finance.
The Digital Transformation of Waqf Management: A Netnographic Study of Millennial Donors' Behavior in Indonesia Amir Mukadar; Marini Marini
Socio-Economic and Humanistic Aspects for Township and Industry Vol. 1 No. 4 (2023): Socio-Economic and Humanistic Aspects for Township and Industry
Publisher : Tinta Emas Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59535/sehati.v1i4.647

Abstract

This study has analyzed millennial donor behavior within Indonesia’s digital waqf ecosystem using a netnographic approach. The study is grounded in the growing use of digital platforms for waqf mobilization and management, particularly among millennials who routinely conduct financial, social, and religious activities through online media. Data were collected from five digital field sites: Instagram, Twitter/X, Kitabisa, Wakaf.com, and YouTube. The dataset consisted of 3,379 data units, including posts, comments, donor responses, campaign updates, and public interactions. The data were analyzed using reflexive thematic analysis to identify patterns of behavior, motivation, trust construction, and digital accountability in online waqf practices. The findings reveal three major themes: platform-mediated trust construction, gamified Islamic giving, and the formation of digital waqf communities as spaces of religious identity and social accountability. Donor trust was found to depend not only on institutional reputation, but also on visual transparency, Sharia legitimacy, managerial responsiveness, and the influence of digital religious figures. The study also identifies an ethical tension between the effectiveness of digital campaign strategies and the Islamic value of sincerity in giving. Overall, the study concludes that digital waqf has significant potential to expand youth participation in Islamic philanthropy, but its success depends on the integration of platform innovation, transparent governance, waqf literacy, and religious ethics.
Empowering Indonesian Migrant Workers Through Sharia Financial Literacy and Household Management Amir Mukadar; Surya Adi
Media for Empowerment, Mobilization, and Innovation in Research & Community Vol. 1 No. 1 (2025): January-June
Publisher : Future Tecno-Science Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59535/g4ak0t28

Abstract

Indonesian migrant workers (Pekerja Migran Indonesia/PMI) are economically significant contributors to household welfare and national remittance flows, yet many remain exposed to weak financial planning, informal borrowing, and limited access to appropriate financial services. This community service program, implemented in Kuala Lumpur and Selangor, Malaysia, in collaboration with the Overseas Branch of Muhammadiyah Malaysia (PCIM Malaysia), aimed to strengthen Sharia-based financial literacy and practical household financial management among PMI communities. The program involved 87 Indonesian migrant workers through structured workshops, budgeting exercises, product-orientation sessions, and peer mentoring. Evaluation was conducted using pre- and post-program knowledge tests, follow-up budgeting checklists, attendance records, and focus group discussions. The mean financial literacy score increased from 51.3 to 76.8 out of 100, while the proportion of participants maintaining a written household budget increased from 23% at baseline to 71% at the eight-week follow-up. Participants also reported stronger awareness of riba, zakat, infaq, halal savings instruments, and Sharia-compliant alternatives to informal borrowing. These findings indicate that culturally grounded, faith-sensitive, and practice-oriented financial education can improve both knowledge and applied financial behaviour among migrant worker communities. The program offers a replicable model for diaspora-based community empowerment through mosque, community, and Muhammadiyah networks.