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All Journal MUSLIM HERITAGE: JURNAL DIALOG ISLAM DENGAN REALITAS Jurnal JTIK (Jurnal Teknologi Informasi dan Komunikasi) Management Studies and Entrepreneurship Journal (MSEJ) Community Development Journal: Jurnal Pengabdian Masyarakat Sustainable: Jurnal Kajian Mutu Pendidikan Tawshiyah: Jurnal Sosial Keagamaan dan Pendidikan Islam JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi) Muslim Heritage West Science Law and Human Rights West Science Journal Economic and Entrepreneurship West Science Interdisciplinary Studies Sharia Oikonomia Law Journal West Science Interdisciplinary Studies Majority Science Journal West Science Islamic Studies Nomico Economic: Journal Economic and Business Cognitionis Civitatis et Politicae
Sugianto, Efendi
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Religion Arts Humanities Computer Science & IT Control & Systems Engineering Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Health Professions Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Mathematics Public Health Social Sciences Other

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Legality of Bitcoin in the Perspective of Fiqh Muamalah Qurtubi, Achmad Napis; Sugianto, Efendi; Kelibia, Muhammad Umar
West Science Islamic Studies Vol. 2 No. 03 (2024): West Science Islamic Studies
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsiss.v2i03.1133

Abstract

This study investigates the legality of Bitcoin from the perspective of Fiqh Muamalah through qualitative analysis and literature review. Fiqh Muamalah, an Islamic jurisprudential framework, regulates economic transactions according to Sharia law. The research examines whether Bitcoin, as a digital currency, aligns with Islamic legal and ethical standards by analyzing scholarly articles, religious texts, and fatwas issued by Islamic scholars. Key considerations include Bitcoin's nature as a currency, its speculative role, and potential for illicit activities. Findings reveal diverse scholarly opinions, with some viewing Bitcoin as permissible under specific conditions, while others raise concerns about its speculative nature and lack of intrinsic value. This study aims to provide comprehensive insights into Bitcoin's legality within Fiqh Muamalah, offering valuable information for policymakers, financial institutions, and Muslim investors.
The Effect of Sharia Financing Availability on Economic Growth of MSMEs in Sukabumi Sono, Moh Gifari; Sudarmanto, Eko; Palupiningtyas, Dyah; Sugianto, Efendi
West Science Interdisciplinary Studies Vol. 1 No. 11 (2023): West Science Interdisciplinary Studies
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsis.v1i11.385

Abstract

This research investigates the effect of the availability of Islamic financing on the economic growth of Micro, Small, and Medium Enterprises (MSMEs) in Sukabumi. A sample of 197 MSMEs participated in the study, providing data on Islamic financing utilization, financial performance indicators, and other relevant variables. The analysis employs Structural Equation Modeling with Partial Least Squares (SEM-PLS) to examine the relationships between these variables. The results reveal a significant and positive relationship between the availability of Islamic financing and the economic growth of MSMEs. Additionally, the study uncovers the mediating role of financial performance indicators, indicating that improved financial performance acts as a mechanism through which Islamic financing positively influences economic growth. Furthermore, the moderation analysis highlights the varying impact across different enterprise sizes, with medium-sized enterprises experiencing a more pronounced positive effect. The practical implications of these findings are discussed in the context of policy, financial institutions, and MSME owners. Policymakers can use the results to design targeted policies, financial institutions can refine their strategies, and MSME owners gain insights into the benefits of utilizing Islamic financing.
The Role of Competition Law in Encouraging Innovation and Competitiveness of Companies in West Java Nasution, Emmi Rahmiwita; Siburian , Henry Kristian; Judijanto, Loso; Sugianto, Efendi
West Science Law and Human Rights Vol. 1 No. 04 (2023): West Science Law and Human Rights
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wslhr.v1i04.320

Abstract

This study explores the complex relationships that exist between innovation, competitiveness, and competition legislation in West Java, Indonesian businesses. West Java's varied industrial landscape makes it a perfect place to study how competition legislation influences creativity and competitiveness. Using a mixed-method approach, the study combines survey data that is quantitatively collected with qualitative information obtained through interviews. The results show that a sizable majority of West Javan businesses have a favorable opinion of competition legislation and see it as a tool for ensuring openness and fair competition. Notably, a significant fraction of these businesses also devote a notable amount of their resources to research and development (R&D) and actively participate in innovation activities. According to the survey's findings, firms may be encouraged to invest in innovation by competition laws that are properly implemented, which is consistent with neoclassical economic theory. In spite of the favorable attitudes and investments in innovation, there are differences amongst West Javan enterprises in competitiveness metrics like market share and profitability. This highlights the intricate connection—which varies depending on the sector and industry—between company competitiveness and competition legislation. Qualitative insights gleaned from interviews shed light on the dynamics and obstacles unique to the industry, highlighting the necessity of customized strategies for competition law enforcement. The paper also outlines obstacles, including a lack of knowledge about competition law among enterprises, resource limitations that regulatory bodies must deal with, and worries about intellectual property protection in very competitive markets. These results highlight the need of raising awareness and developing capacity among regulatory agencies as well as businesses. The research has consequences for policymaking as well, pointing to the need for programs to raise business understanding, provide funding to regulatory bodies, and create safeguards for intellectual property rights. The study adds to our knowledge of how competition legislation affects corporate behavior and offers insightful information that can guide regulatory strategies in developing nations like West Java.
Analysis of the Application of Operational Management in Manufacturing Companies in Bandung City: The Effect of Production Efficiency, Product Innovation, and Customer Satisfaction on Financial Performance Suseno, Bambang Dwi; Sugianto, Efendi; Purnamasari, Eva; Supriadi, Asep
West Science Journal Economic and Entrepreneurship Vol. 1 No. 11 (2023): West Science Journal Economic and Entrepreneurship
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsjee.v1i11.354

Abstract

The operational management of manufacturing companies in Bandung City plays a pivotal role in shaping their financial performance. This quantitative research aimed to analyze the implementation of operational management, with a focus on production efficiency, product innovation, and customer satisfaction, and their effects on financial performance. Structural Equation Modeling (SEM) with Partial Least Squares (PLS) was employed to assess these relationships. The research involved a sample of 130 manufacturing companies, spanning various sizes. The study found robust support for the following hypotheses: production efficiency positively influences financial performance, product innovation has a positive impact on financial performance, higher customer satisfaction is associated with improved financial performance, and there are significant interdependencies among production efficiency, product innovation, and customer satisfaction, collectively affecting financial performance. The findings emphasize the need for a holistic approach to operational management, innovation, and customer-centric strategies in manufacturing companies. These results provide valuable insights for managers and policymakers in Bandung City, offering practical recommendations for enhancing financial performance in the manufacturing sector.
The Role of Transformational Leadership in The Implementation of Organizational Strategic Management Sugianto, Efendi; Suhardi, Suhardi; Afrizal, Afrizal
Cognitionis Civitatis et Politicae Vol. 1 No. 6 (2024)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/politicae.v1i6.1819

Abstract

Leaders and Leadership are very strategic factors in an organization. The Leadership process in an organization occurs because of the element of a leader, the organization must be seen as a system with open leadership characteristics and leadership is a strategic factor in an organization. Transformative leadership impacts strategic management outcomes by influencing strategy content and subsequently organizational outcomes. Leaders are critical in integrating tensions within organizations because their characteristics and actions shape strategic direction. Merging tensions requires new management principles, practices, and structures, known as management innovation. These innovations introduce new management approaches to achieve organizational goals and sustain transformative strategies. By guiding organizations through structured flexibility and facilitating the merging of tensions, transformative leaders play a critical role in driving strategic management outcomes toward success. Communication is essential to implementing strategic management, serving as a crucial channel for aligning organizational goals, facilitating change, and ensuring effective strategy execution. The author's research provides a comprehensive view of how transformational leadership influences the implementation of strategic management in various contexts. Strategic management is critical to aligning organizational goals, effective communication ensures that all stakeholders, including employees, management, and external partners, understand the strategic vision and their role within it, this alignment is critical to fostering unified direction and commitment toward achieving strategic goals.
Co-Authors - Afrizal Afdhal Chatra Perdana Agus Nursalim, Agus Asep Supriadi Asriady, Muhammad Bambang Sugiharto Fachry Abda El Rahman Fauzi Ahmad Muda Hamdan Hamdan I Gusti Ngurah Agung Dewantara Putra Ikram Yakin Indra Krishernawan Jeferson Siahaan Judijanto, Loso Juhari Juhari, Juhari Kelibia, Muhammad Umar Lassa, Anita Liem, Jhon Sepron Defretus M. Imron Mas’ud Muhammad Nur Nasution, Emmi Rahmiwita Palupiningtyas, Dyah Pranata, Agung Purnamasari, Eva Qurtubi, Achmad Napis Rahman Rahman Siburian , Henry Kristian Sono, Moh Gifari Sri Rejeki Sudarmanto, Eko Suhardi Suhardi Suhardi Suhardi Susanto, Ady Suseno, Bambang Dwi Sutardjo, Agus Syahril Hasan - Politeknik Sains dan Teknologi Wiratama Maluku Utara, Syahril Hasan Wan, Tjik Wasalmi, Wasalmi Xu, Shanshan Yanti Setianti Zhang Wei