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Fintech and Its Potential Impact on Islamic Banking and Finance Industry: A Case Study of Brunei Darussalam and Malaysia Ali, Hassnian; Abdullah, Rose; Zaini, Muhd Zaki
International Journal of Islamic Economics and Finance (IJIEF) Vol 2, No 1 (2019): IJIEF Vol 2 (1), July 2019
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (29.84 KB) | DOI: 10.18196/ijief.2116

Abstract

Fintech is growing at an exponential rate which leads to the emergence of innovative business models. Advanced technologies like Blockchain, internet of things (IoT’s), artificial intelligence (AI), and robotics have become mature enough to create disruption in banking and finance industry both conventional and Islamic finance industry. Brunei Darussalam and Malaysia, both, offer wide range of Shari'a compliant services. The main purpose of this study is to investigate the potential impact of Fintech on the Islamic banking and finance industry in Brunei and Malaysia. Accordingly, this research deals with the qualitative method to accomplish and fulfill the research objectives. Content analysis and Semi-structured interview approach were employed throughout the research. The results clearly show that Fintech has  great potential impact on both conventional and Islamic finance industry. This potential impact is in both ways i.e. positive and negative. And, the response and reaction of Islamic finance industry towards the emergence of Fintech and its potential impact seems very slow as compared to their conventional counterparts. This study has indicated important points which include the necessity for the Islamic financial institution to cope with the growth of Fintech.
Islamic Financial Literacy and Financial Inclusion: Examining the Intervening Role of Financial Self-Efficacy Muslichah, Muslichah; Putra, Yuniarti Hidayah Suyoso; Abdullah, Rose; Usry, Abdul Kadir
International Journal of Islamic Economics and Finance (IJIEF) Vol 6, No 2 (2023): IJIEF Vol 6 (2), July 2023
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/ijief.v6i2.16384

Abstract

Financial self-efficacy is used as an intermediary variable in this study to examine how Islamic financial literacy affects financial inclusion. The participants in this study are final-semester Muslim economics students. Accidental sampling is the method employed. The response percentage for the 300 questionnaires distributed—181 of which were returned—was 60%. The investigation came to two important conclusions. First, financial inclusion and financial self-efficacy are significantly impacted by Islamic financial literacy. Second, the effect of Islamic financial literacy on financial inclusion is not significant. These findings may have an impact on legislators, service providers, and institutions of higher learning. Islamic finance should be a subject covered in higher education, either as part of the core curriculum or as an elective. To help the consumer better understand the given product information, the service provider should give them comprehensive information. The provision of financial education to certain groups, such as housewives or workers in offices, must be addressed in a number of ways by policymakers.
Zakah for Asnaf Al-Gharimun in Brunei Darussalam: Concepts and Practices Abdullah, Rose; Haqqi, Abdurrahman Raden Aji
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol. 9 No. 2 (2017)
Publisher : UNIVERSITAS ISLAM NEGERI SYARIF HIDAYATULLAH JAKARTA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v9i2.5092

Abstract

This research paper discusses the concepts of debt in Islam in relation to the category of al-gharimun that entitle for receive zakah. The data from the authority department has shown an alarming increase in number of applicant for zakah under the category of asnaf Al-Gharimun. Why was the number increased and who are actually eligible to receive zakah under the category of Al-Gharimun? This paper tries to answer these questions. The concept of debt in al-Qur’an will be discussed and various discussions by Islamic scholars and researchers will be analysed. Data gathered from several officers of Islamic Religious Council of Brunei Darussalam through personal interviews. The phenomenon was due to misunderstanding and ignorant among the public with regards to what kind of debts that are eligible under the category of Al-Gharimun to receive zakahDOI: 10.15408/aiq.v9i2.5092
PENINGKATAN KESIAPTERAPAN TEKNOLOGI PENGOLAHAN SELAI NANAS GAMBUT PADA KELOMPOK USAHA PUAK MILENIAL DI KOTA DUMAI Vaulina, Sisca; Abdullah, Rose; Ismail, Ujang Paman; Mardaleni, Mardaleni; Elinur, Elinur; Heriyanto, Heriyanto; Siregar, Nadya Agoestien; Tarigan, Adelina Br; Subekti, Prayit; Maulana, Salam; Sinaga, Juanda
Devote: Jurnal Pengabdian Masyarakat Global Vol. 5 No. 1 (2026): Devote : Jurnal Pengabdian Masyarakat Global, Maret 2026 (In Press)
Publisher : LPPM Institut Pendidikan Nusantara Global

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/devote.v5i1.6016

Abstract

Teluk Makmur Village, Medang Kampai District, Dumai City, is one of the peatland pineapple production centers with considerable potential to be developed into value-added processed products. However, pineapple processing by community business groups is still carried out manually using simple household equipment, resulting in low production efficiency and inconsistent product quality. This community service activity aimed to improve the technology readiness of peatland pineapple jam processing at the Puak Milenial Business Group in Dumai City by applying appropriate technology. The methods included identifying initial production conditions, implementing appropriate technologies such as pineapple peeling knives, pineapple grating machines, and stainless-steel jam stirrer machines, and providing technical assistance during the production process. The evaluation used a descriptive-comparative approach, comparing the production system before and after technological intervention. The results showed that the application of appropriate technology improved operational readiness of production by shifting the production system from a manual to a more structured, semi-standardized system at the household industry scale. In addition to improving production efficiency, the use of more hygienic equipment also supported better food production practices. This activity indicates that the application of appropriate technology can be an effective strategy to strengthen the technical capacity of local potential-based MSMEs.