Zera Zuryana Idris
International Islamic University Malaysia

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THE JOURNEY OF ISLAMIC MICROFINANCE IN INDONESIA: A SOCIAL MOVEMENT'S THEORETICAL APPROACH Ujang Syahrul Mubarrok; Zera Zuryana Idris; Izzani Ulfi
EL DINAR: Jurnal Keuangan dan Perbankan Syariah Vol 11, No 2 (2023): El Dinar
Publisher : Faculty of Economics Universitas Islam Negeri Maulana Malik Ibrahim Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18860/ed.v11i2.20599

Abstract

Although Islamic Microfinance Institutions (IMFIs) have become a new and developing financial industry, the Indonesian community has not explored this organization's journey. Therefore, this study analyzes how the IMFI journey in Indonesia gained public trust and the development to date. A library research approach based on archival records and previous studies was used, and the social movement theory framework was employed to identify factors that influence society's trust in this institution. This paper shows three factors that affect the societal acceptance of IMFIs, which were, first the differences in the roles and functions of other Islamic finance organizations. Second, the passion of IMFI activists for the development and lastly, strengthening legitimacy for IMFIs is significantly needed to establish regulatory legislation. Hence, the findings in this study can become a reference for policymakers towards IMFI development in Indonesia, particularly on the uniformity of legal umbrellas applying to all types of this institution. This paper adds to the literature on IMFIs and contributes new research by employing a social movement approach in the development analysis of the organization, particularly in Indonesia.
Inclusive Growth and Employment Challenges in ASEAN-10: A Panel Quantile Regression Jarita Duasa; Izyani Zulkifli; Zera Zuryana Idris
SRIWIJAYA INTERNATIONAL JOURNAL OF DYNAMIC ECONOMICS AND BUSINESS SIJDEB, Vol. 10, No. 3, September 2026
Publisher : Faculty of Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/sijdeb.v10i3.225-248

Abstract

The study examines the determinants of unemployment in the ten ASEAN member countries during 2014–2023, focusing on economic performance and labour market inclusiveness. Four explanatory variables are considered: output per worker growth, working poverty, youth not in employment, education or training (NEET), and female vulnerable employment. Given the limitations of conventional mean-based estimation, panel quantile regression (PQR) is employed to examine how these factors influence unemployment across different points of its distribution, accounting for cross-country heterogeneity. The findings indicate that output per worker growth is negatively and statistically significantly associated with changes in unemployment at the 60th and 70th quantiles, while the estimates at the 80th and 90th quantiles are not statistically significant. The results therefore suggest that the productivity–unemployment relationship varies across the conditional distribution of changes in unemployment. Working poverty and female vulnerable employment exhibit heterogeneous effects across quantiles, reflecting differences in labour market structures and informality. The effect of NEET is generally weak and inconsistent. Overall, the findings highlight the importance of enhancing productivity, reducing labour market vulnerability, and promoting inclusive employment opportunities for sustainable labour market outcomes in ASEAN.