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The Impact of Zakat Distribution and Open Unemployment Rate on Economic Growth in Indonesia Alfina Nur Azzahra; Ferry Khusnul Mubarok; Rofiul Wahyudi; Khairulman Akbar Hutagalung
Green Economics Review Vol. 2 No. 1 (2025)
Publisher : Yayasan Al Ma'arif Dawuhan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.66955/ger.v2i1.82

Abstract

Economic growth is a key indicator of development performance, reflecting increases in per capita output and overall societal welfare. Despite Indonesia’s relatively stable economic growth, the effectiveness of socio-religious instruments such as zakat in promoting macroeconomic growth remains subject to debate, particularly when examined alongside labor market challenges as reflected in the Open Unemployment Rate (OUR). The novelty of this study lies in its empirical assessment of the role of zakat distribution and unemployment in influencing economic growth at the provincial level, thereby providing a more nuanced understanding of regional economic dynamics in Indonesia. This study aims to analyze the impact of zakat distribution and the Open Unemployment Rate on Indonesia’s economic growth. A quantitative approach is employed using multiple linear regression analysis. The study utilizes secondary data covering 34 provinces in Indonesia, obtained from the national statistical authority and officially recognized zakat management institutions. The findings reveal that zakat distribution does not have a positive and statistically significant effect on economic growth. Similarly, the Open Unemployment Rate does not exhibit a statistically significant negative effect on economic growth. These results suggest that the contribution of zakat to macroeconomic growth has not yet been optimal. This condition may be attributed to the relatively limited scale of zakat distribution, the predominance of consumptive-oriented allocation, and the lack of integration between zakat management and broader economic development policies. The implications of this study highlight the importance of strengthening zakat governance through the expansion of productive zakat programs and enhancing policy synergy between zakat institutions, labor market strategies, and national economic development frameworks. Such integration is expected to improve the effectiveness of zakat as an instrument for fostering inclusive and sustainable economic growth.
Moderasi Beragama Para Guru Madrasah Diniyah Desa Medono Faizul Futhona Ulinnuha; Ferry Khusnul Mubarok; Qisthi Fariyani; Dwi Syafitri Mariesta Isnaini
Peradaban: Jurnal Pengabdian Masyarakat Vol. 1 No. 1 (2025)
Publisher : Yayasan Al Ma'arif Dawuhan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.66955/pjpm.v1i1.61

Abstract

The development of religious understanding today is highly diverse, ranging from moderate to radical, and is easily accessible to people of all ages. In this context, religious moderation emerges as a crucial principle that encompasses a balanced, peaceful, tolerant, and compassionate approach to religious practice. Instilling these values from an early age is essential, particularly through religious education institutions such as madrasah diniyah. Teachers play a central role in the learning process, both in conveying theoretical knowledge and in shaping practical religious behavior. Therefore, their understanding of religious moderation is essential to ensure that these values are effectively transmitted to students, fostering a generation that is both religious and courteous. This study aims to analyze madrasah diniyah teachers’ comprehension of religious moderation and how they apply these values in teaching and learning activities. A descriptive qualitative research method was employed, involving all madrasah diniyah teachers in Medono Village. Data were collected through interviews and observations conducted with teachers from five local madrasas and were analyzed using established indicators of religious moderation. The findings indicate that madrasah diniyah teachers in Medono Village possess a strong understanding of religious moderation and are capable of integrating its principles into their teaching practices. This study highlights the critical role of religious education institutions in shaping moderate religious perspectives and emphasizes the importance of equipping educators with adequate knowledge and skills to promote religious moderation effectively.
Analysis of Abnormal Returns Before and After the Announcement of the Merger of State-Owned Sharia Banks Indah Amalia Putri; Ferry Khusnul Mubarok Mubarok; Rofiul Wahyudi
AL-ARBAH: Journal of Islamic Finance and Banking Vol. 3 No. 2 (2021)
Publisher : Universitas Islam Negeri (UIN) Walisongo Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/al-arbah.2021.3.2.10097

Abstract

AbstractPurpose - This study aims to examine the capital market's reaction to the merger of BUMN Syariah Banks, which is seen as abnormal returns at PT Bank BRI Syariah Tbk.Method - The data for this study were taken ten days before and ten days after announcing the BUMN Sharia Bank merger. The data was processed by paired sample t-test using SPSS.Result - Based on the analysis and discussion results, it shows that there is no market reaction to the announcement of the signing of the BUMN Islamic bank merger on BRIS shares as seen from the abnormal returns before and after the signing of the merger, which there is no significant difference.Implication - This can happen because the world is currently facing the COVID-19 pandemic, which causes market uncertainty. In addition, abnormal returns are not the only indicator to measure the wealth created by an event. Another factor that causes no significant difference in abnormal returns is that the data used in the event window research is daily and short enough to have no visible reaction. Furthermore, the issue of a merger has also been circulating before the announcement of the signingOriginality- This article examines abnormal returns before and after the announcement of the merger of State-Owned Sharia Banks 
Analysis of Financing Risk Management Implementation at Baitul Maal Wat Tamwil Ainu Nadina; Ferry Khusnul Mubarok; Yuli Haryati
AL-ARBAH: Journal of Islamic Finance and Banking Vol. 4 No. 1 (2022)
Publisher : Universitas Islam Negeri (UIN) Walisongo Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/al-arbah.2022.4.1.14664

Abstract

AbstractPurpose - This study aims to analyze the implementation of financing risk management in Sharia Cooperatives at BMT UAS Pamotan.Method - The method uses a qualitative approach, using primary data from interviews with the finance staff and reading from various references.Result - The implementation of financing risk management at BMT UAS Pamotan is through two approaches, namely internal and external. Internal approach by anticipating various possible risks, namely through management audits and evaluations. Meanwhile, externally through service maximization, and tightening 5C (Character, Capacity, Capital, Collateral, and Conditions).Implication - There needs to be a closer method between the BMT and partners (customers) so that the possibility of financing risks arising can be minimized.Originality- Analyzing qualitatively related to existing financing in Islamic microfinance institutions.  
Shifting Religious Practices: The Impact of Digitalization on Islamic Rituals in Indonesian Pesantren Imam Yahya; Muhammad Aflahmuna Ananda; Rokhmadi; Ferry Khusnul Mubarok
Indonesian Journal of Islamic Literature and Muslim Society Vol. 9 No. 2 (2024): December 2024
Publisher : UIN Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/islimus.v9i2.10173

Abstract

This study aims to analyze the effectiveness of religious digitalization within Indonesian Muslim communities. Practices such as online communal prayers, online tahlil, online istighosah, and online religious lectures have become new forms of religious traditions in the post-COVID-19 pandemic era. However, some Muslim communities reject these digitalized forms of religiosity for fundamental reasons. The findings reveal that the rejection of religious digitalization is influenced by three main factors. First, concerns over the loss of authenticity in religious texts within the digital realm. Second, apprehensions regarding the shift of religious authority from classical scholars to digital-based preachers or ulama. Third, fears of religious desacralization, where the sacred values of religion are perceived to be replaced by the realities of digital media. This study provides essential insights into the challenges of integrating digital technology with traditional religious practices and fosters further discussion on the implications of digital transformation for religiosity in the modern era.
PEMBIAYAAN SYARIAH DAN PROFITABILITAS PADA BANK BPD SYARIAH DI INDONESIA: PENDEKATAN DATA PANEL DENGAN ROBUSTNESS CHECK: SHARIA FINANCING AND PROFITABILITY IN SYARIAH BPD BANKS IN INDONESIA: A PANEL DATA APPROACH WITH ROBUSTNESS CHECK Rofiul Wahyudi; Ferry Khusnul Mubarok; Sunu Prasetya Adi
JASIE Vol. 4 No. 2 (2025): DESEMBER
Publisher : Universitas Wahid Hasyim Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31942/jse.v4i02.14903

Abstract

Penelitian ini bertujuan menganalisis pengaruh pembiayaan mudharabah, musyarakah, murabahah, dan ijarah terhadap profitabilitas BPD Syariah di Indonesia. Penelitian ini menggunakan pendekatan kuantitatif berbasis balanced panel data yang mencakup lima BPD Syariah selama periode 2016–2024. Profitabilitas diukur menggunakan Return on Assets (ROA) dan Return on Equity (ROE), sementara variabel independen terdiri dari pembiayaan mudharabah, musyarakah, murabahah, dan ijarah. Estimasi dilakukan menggunakan pooled ordinary least squares (pooled OLS) dengan robust standard errors (HC3) untuk mengatasi heteroskedastisitas dan potensi pelanggaran asumsi klasik. Analisis deskriptif dan uji diagnostik turut dilakukan untuk memastikan kelayakan model. Hasil penelitian menunjukkan bahwa pembiayaan mudharabah berpengaruh positif terhadap ROA dengan signifikansi marginal pada tingkat 10%, sedangkan musyarakah menunjukkan pengaruh negatif yang juga signifikan pada level 10%. Pembiayaan murabahah dan ijarah tidak memiliki pengaruh signifikan terhadap ROA. Pada model ROE, seluruh jenis pembiayaan syariah tidak menunjukkan pengaruh yang signifikan. Temuan ini mengindikasikan bahwa struktur pembiayaan syariah, khususnya akad mudharabah dan musyarakah, memiliki hubungan yang lebih nyata terhadap profitabilitas aset dibandingkan profitabilitas ekuitas. Hasil penelitian menunjukkan bahwa BPD Syariah perlu memperkuat pengelolaan pembiayaan bagi hasil, terutama mudharabah, karena terbukti lebih berpotensi meningkatkan profitabilitas. Pengawasan pada musyarakah perlu ditingkatkan mengingat kecenderungan pengaruhnya yang negatif, sedangkan strategi margin dan efisiensi pada murabahah dan ijarah perlu dioptimalkan agar lebih mendukung kinerja bank.