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What Drives Muzakki to Pay Zakat at Baitul Mal? Azzahra, Fathin; Majid, M. Shabri Abd
Shirkah: Journal of Economics and Business Vol 5, No 1 (2020)
Publisher : IAIN Surakarta

The present study empirically explores the factors influencing the decision of Muzakki (zakat payers) to pay zakat at an official institution, i.e. Baitul Mal Banda Aceh, Indonesia.Â The factors comprise faith, altruism, service quality, role of the zakat economy, and role of Ulama (Islamic scholars). To gather the data, 140 questionnaires were disseminated to the participants who were selected based on the purposive sampling technique. The data were further analyzed by employing a binary logistic regression. The results of this study revealed that faith, altruism, service quality, role of the zakat economy, and role of Ulama significantly and positively affected the decision of Muzakki to pay zakat at Baitul Mal. These findings imply that to attract Muzakki to pay zakat at a Baitul Mal, it not only needs to enhance relevant knowledge about the obligation to pay zakat and its benefits, but it also needs to improve the quality of services provided by the Baitul Mal. All in all, Ulama also has an important role in influencing Muzakki to pay zakat at the Baitul Mal institution.

The Reluctance Phenomenon of Islamic Banks to Offer Profit-Loss Sharing Financing Sabrina, Sabrina; Majid, M. Shabri Abd
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 13, No 2 (2020): September 2020
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v13i2.23891

This study contributes to the existing literature on the phenomenon of lower valume of Profit-Loss Sharing (PLS)-based products offered by Islamic banks by comprehensively discussing and analyzing the issue from the internal, external, and regulation perspectives, taking the case of PT. Bank Aceh Syariah (BAS) in Indonesia. Using a grounded theory approach, this study interviews selected informants who are knowledgeable in Islamic economics, banking, and financial theories and practices, including experts, practitioners, customers, and regulators. Viewed from three aspects, namely: internal, external, and regulation, the study found that, from the internal aspect, the problem of the low volume of PLS-based financing products is caused by six factors, namely: high risk, lack of quality and quantity of human resources, complicated handling, lack of banking product innovation, asymmetric information, and lack of socialization. Meanwhile, from the external aspects, it is caused by three factors, namely: moral hazard, lack of community's knowledge of Islamic banking products, and low demand. Finally, from the aspect of the regulation, it is caused by a lack of supportive regulation. By tackling these issues, it is believed that the Islamic bank could offer more PLS-based products that finally contribute to the prosperity of the public.

Decision Making and Patronage Behaviour in Islamic Co-operatives in Aceh, Indonesia Majid, M. Shabri Abd; Faisal, Faisal; Fahlevi, Heru; Hafasnuddin, Hafasnuddin
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 14, No 2 (2021): September 2021
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v14i2.31621

Although the number of Islamic co-operatives' memberships only amounted to 2.51 million people (11.19%) to the total membership of co-operatives in Indonesia nationwide, but it has shown a rising trend in its membership by 76.11% over the last decade (Ministry of Co-Operatives & SMEs, 2019). These figures raise an essential research question: what drives the decision of Indonesian citizens to patronage Islamic co-operatives? Specifically, this study explores pertinent determinants of decision-making made by the members to select Islamic co-operatives in Aceh, Indonesia. A number of 280 members and non-members of Islamic co-operatives were selected as the sample of the study using a purposive sampling technique. Based on the logistic multiple regression technique, the study recorded that the members' decision-making in selecting Islamic co-operatives was mainly determined by their shari'ah compliance and characteristics' uniqueness. Meanwhile, physical facilities and services quality provided by the Islamic co-operatives have insignificant effects on the people's decision-making to become the memberships of Islamic co-operatives. This empirical evidence suggested that to attract more memberships, the Islamic co-operatives should improve their shari'ah compliance and characteristics' uniqueness.

Decision Making and Patronage Behaviour in Islamic Co-operatives in Aceh, Indonesia Majid, M. Shabri Abd; Faisal, Faisal; Fahlevi, Heru; Hafasnuddin, Hafasnuddin
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 14, No 2 (2021): September 2021
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v14i2.31621

Although the number of Islamic co-operatives' memberships only amounted to 2.51 million people (11.19%) to the total membership of co-operatives in Indonesia nationwide, but it has shown a rising trend in its membership by 76.11% over the last decade (Ministry of Co-Operatives SMEs, 2019). These figures raise an essential research question: what drives the decision of Indonesian citizens to patronage Islamic co-operatives? Specifically, this study explores pertinent determinants of decision-making made by the members to select Islamic co-operatives in Aceh, Indonesia. A number of 280 members and non-members of Islamic co-operatives were selected as the sample of the study using a purposive sampling technique. Based on the logistic multiple regression technique, the study recorded that the members' decision-making in selecting Islamic co-operatives was mainly determined by their shari'ah compliance and characteristics' uniqueness. Meanwhile, physical facilities and services quality provided by the Islamic co-operatives have insignificant effects on the people's decision-making to become the memberships of Islamic co-operatives. This empirical evidence suggested that to attract more memberships, the Islamic co-operatives should improve their shari'ah compliance and characteristics' uniqueness.

Unveiling the Carbon Footprint: Biomass vs. Geothermal Energy in Indonesia Idroes, Ghalieb Mutig; Syahnur, Sofyan; Majid, M. Shabri Abd; Idroes, Rinadi; Kusumo, Fitranto; Hardi, Irsan
Ekonomikalia Journal of Economics Vol. 1 No. 1 (2023): July 2023
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/eje.v1i1.47

Global climate change, caused by greenhouse gases (GHGs) emissions, particularly carbon dioxide (CO2), has an enormous and unprecedented impact on our planet's ecosystem, development, and long-term sustainability. This study investigates the dynamic impact of biomass and geothermal energy on CO2 emissions in Indonesia from 2000 to 2020. Employing the Green Solow model with the approach of Fully-Modified Ordinary Least Squares (FMOLS), Dynamic Ordinary Least Squares (DOLS), Autoregressive Distributed Lag (ARDL) and Pairwise Granger causality test. The cointegration tests suggest the existence of a long-term equilibrium relationship between CO2 emissions, biomass, and geothermal energy. Empirical evidence reveals that although biomass and geothermal energy positively influence CO2 emissions, their overall impact is relatively low. This highlights the potential for these renewable energy sources to contribute to CO2 reduction and promote environmental sustainability. The Granger causality test confirms a causal relationship between CO2 emissions, biomass, and geothermal energy. Important policy recommendations for promoting sustainable energy practices in Indonesia involve investing in high-quality biomass and geothermal facilities to reduce emissions, implementing energy efficiency programs and fossil fuel conservation measures, and encouraging the use of electricity-based biomass and geothermal energy sources to reduce dependence on non-renewable fuels. These recommendations play a crucial role in achieving environmental and economic sustainability.

Determinants of Foreign Direct Investment in Indonesia: Do Presidential Regimes Matter? Syamni, Ghazali; Ansari, Rizal; Majid, M. Shabri Abd; Marzuki, Marzuki; Akhyar, Chairil
Signifikan: Jurnal Ilmu Ekonomi Vol 13, No 1 (2024)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v13i1.40690

Research Originality: The originality of the research is the separation of data in different governments. The request is based on the leadership style, especially in the era of President Susilo Bambang Yudhoyono and President Jokowi.Research Objectives: This study examines the determinants of foreign direct investment (FDI), both in the short and long term in Indonesia during the leadership of Presidents Susilo Bambang Yudhoyono (SBY) and Joko Widodo (Jokowi).Research Methods: This study uses time series data on the World Development Indicators website from 2004 to 2021. Using Autoregressive Distributed Lag (ARDL)Empirical Results: This study finds evidence that institutional quality, economic growth, and presidential regime in the short and long run significantly positively affect FDI. Meanwhile, the population negatively influences FDI in Indonesia in both the short and long run.Implications: These findings imply that to draw in more foreign direct investment (FDI), Indonesia must enhance institutional quality, economic growth, presidential governance, and population control.JEL Classification: F21, F43, G18, H21, R23

Islamic Banking Stability: A Bibliometric Analysis Adnan, Muhammad Ichsan; Majid, M. Shabri Abd; Gunawan, Eddy
Falah: Jurnal Ekonomi Syariah Vol. 9 No. 2 (2024): AUGUST
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jes.v9i2.28991

The rapid evolvement and higher stability of Islamic banking institutions across the global Muslim world as compared to their conventional banking industry has attracted more researchers to explore Islamic banks as one of the viable financial institutions to the existing unstable global financial system. This study intends to analyze descriptively the trends of research on the theme of Islamic banking stability. This study using bibliometrics analysis collected from published articles in international reputable journals indexed in the Scopus database over the period from 2010 to 2020. To analyze the selected articles used VOSviewer software and microsoft excel spreadsheet from publish and perish database using the keywords of Islamic bank, bank stability, and Islamic banking stability. The result found that there were an increasing number of articles published on the topic. This study recorded 175 articles on the topic, authorized by 149 authors from different countries, and published in 103 international reputable journals. These findings showed that the topic of Islamic banking stability has become one of the important issues of global financial stability. This study contributes to the field of Islamic finance by mapping the existing studies on the Islamic banking stability and enrich the literature in the discourse of Islamic banking stability.

Determinants of Foreign Direct Investment in Indonesia: Do Presidential Regimes Matter? Syamni, Ghazali; Ansari, Rizal; Majid, M. Shabri Abd; Marzuki, Marzuki; Akhyar, Chairil
Signifikan: Jurnal Ilmu Ekonomi Vol. 13 No. 1 (2024)
Publisher : Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v13i1.40690

Research Originality: The originality of the research is the separation of data in different governments. The request is based on the leadership style, especially in the era of President Susilo Bambang Yudhoyono and President Jokowi.Research Objectives: This study examines the determinants of foreign direct investment (FDI), both in the short and long term in Indonesia during the leadership of Presidents Susilo Bambang Yudhoyono (SBY) and Joko Widodo (Jokowi).Research Methods: This study uses time series data on the World Development Indicators website from 2004 to 2021. Using Autoregressive Distributed Lag (ARDL)Empirical Results: This study finds evidence that institutional quality, economic growth, and presidential regime in the short and long run significantly positively affect FDI. Meanwhile, the population negatively influences FDI in Indonesia in both the short and long run.Implications: These findings imply that to draw in more foreign direct investment (FDI), Indonesia must enhance institutional quality, economic growth, presidential governance, and population control.JEL Classification: F21, F43, G18, H21, R23

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