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Journal : Ekonomi Islam Indonesia

Islamic Financial Inclusion Index in Indonesia and its Correlation to Women's Quality of Life Azqia, Hidayatul; Ali, Mohammad Mahbubi; Nurhasanah, Saniatun
Ekonomi Islam Indonesia Vol. 6 No. 1 (2024): Ekonomi Islam Indonesia
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/eii.v6i1.479

Abstract

This thesis discusses and provides an overview of the Islamic financial inclusion index in Indonesia and its correlation with women's quality of life. This study uses a descriptive quantitative approach with the method of calculating the Index of Sharia Financial Inclusion (ISFI). The data from this study uses secondary data obtained from the publications of the Financial Services Authority, the Central Statistics Agency and the Ministry of Child Protection and Women's Empowerment of the Republic of Indonesia. The study covers 33 provinces for the 2015-2020 period. The results of this study found that the level of Islamic financial inclusion in Indonesia was still relatively low at 0.105. Based on the observations, the provinces of DKI Jakarta and Nanggroe Aceh Darussalam, are the most superior provinces in measuring the Islamic financial inclusion index in this study, with the acquisition value of each province respectively 0.531 and 0.435. This study also found that the Islamic financial inclusion index (ISFI) has a positive relationship to women's quality of life (IPG). These results indicate that changes in the level of Islamic financial inclusion will result in changes in women's quality of life (IPG) in the same direction or if the ISFI index increases by one unit it will increase the GPA index by 7.811.
Moratorium from Shariah Perspective: Its Impact on Islamic Banking in Malaysia Ali, Mohammad Mahbubi
Ekonomi Islam Indonesia Vol. 6 No. 2 (2024): Ekonomi Islam Indonesia
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/eii.v6i2.565

Abstract

As the COVID-19 pandemic intensifies worldwide, lockdowns-or partial lockdowns-to restrict movement have been the preferred mechanism to reduce the infection rate of the virus in most countries. Imposing a movement control necessitates the closure of economic and business activities, including restricting travel between borders. Malaysia, for instance, implemented the Movement Control Orders (MCO) beginning March 18, 2020. Nevertheless, this measure caused many businesses to shut down and impacted millions of individuals' cash flow, small and medium enterprises, and corporate sectors. In response, many governments introduced the repayment moratorium policy to ease the cash flow of SMEs and individuals affected by the COVID-19 pandemic. This article aims to examine the repayment moratorium from an Islamic perspective. It also sheds critical light on the impact of COVID-19 and moratorium policies on the Islamic banking industry in Malaysia and other jurisdictions. The study is qualitative, adopting library research, benefiting from various sources: the Qur'an, the Prophet's tradition, the opinions of Shari'ah scholars and other available secondary data. This study should serve as a reference point for academics, policymakers, and researchers interested in the moratorium issue in Islamic finance.