Claim Missing Document
Check
Articles

THE ROLE OF SHARIA FINANCING ON SECTORAL GDP IN CENTRAL SULAWESI: MACROECONOMIC ANALYSIS WITH THE VAR/VECM APPROACH Yunus, Rita; Tuty, Farida Millias; Syatir, Ahmad; Sari, Novita; Akbar, Muhammad
JURNAL PROFIT Vol 9, No 2 (2025): Economic And Financial Institutions
Publisher : Nurul Jadid University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33650/profit.v9i2.13078

Abstract

Islamic financing in Indonesia is experiencing rapid growth and has the potential to become a key instrument in encouraging regional economic growth based on inclusive and sustainable principles. However, its effect on sectoral performance at the provincial level has not been studied empirically using a dynamic approach. This study aims to analyze the role of sharia financing and gross fixed capital formation (PMTB) on sectoral Gross Regional Domestic Product (GDP) in Central Sulawesi, covering the primary, secondary, and tertiary sectors. The analysis was conducted using quarterly data for the period 2022–2024 with the Vector Error Correction Model (VECM) approach for sectors showing long-term relationships and Vector Autoregression (VAR) for sectors without cointegration. Tests of stationarity, optimal lag, and Johansen cointegration were used to ensure the validity of the model. The results show that there is a difference in influence between sectors. In the primary sector, PMTB has a negative effect in the long term but positively in the short term. In the secondary sector, PMTB has a significant positive effect on both time horizons. In the tertiary sector, sharia financing has a significant positive effect in the short term without long-term relationships. This research offers novelty as the first post-pandemic sectoral study with a province-level dynamic model, which affirms the strategic role of Islamic finance in regional economic transformation. The implications of the research results show the need for sharia financing policies that are adjusted to sectoral characteristics to encourage inclusive, productive, and harmonized regional economic growth in line with Islamic economic principles.
INTEGRATION OF HALAL TOURISM AND GREEN ECONOMY: SYSTEMATIC LITERATURE REVIEW FOR SYNERGY TRENDS IN SUSTAINABILITY PRACTICES Akbar, Muhammad; Yunus, Rita; Sari, Nurfadilah Sindika; Ichsan, Muhammad
JURNAL PROFIT Vol 9, No 2 (2025): Economic And Financial Institutions
Publisher : Nurul Jadid University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33650/profit.v9i2.12696

Abstract

This research aims to explore the relationship between halal tourism and the green economy and its contribution to sustainable development and the local economy. The main purpose of this study is to analyze research trends, the relationship between these two sectors, research gaps related to the integration of halal tourism with the green economy, as well as patterns and thematic relationships between the main keywords in the existing literature. The Systematic Literature Review (SLR) approach and bibliometric analysis using the VOSviewer tool were applied to assess research trends, citation patterns, and the linkages between key concepts in the literature from 2016 to February 2025. The results of the analysis show that halal tourism that integrates green economic principles can reduce negative impacts on the environment, increase the use of local products, and support sustainable economic growth. The close relationship between halal tourism and the green economy is found in the VOSviewer analysis, with key clusters and keywords covering concepts such as sustainable development, sustainability, sustainable tourism and environmental. However, the research gap is seen in the lack of explicit integration between halal tourism and the green economy. Thematic patterns show a link between halal tourism, green economy, and sustainability, although research linking the three is still limited. This research contributes to understanding how halal tourism can serve as a sustainable tourism model that not only meets the needs of Muslim tourists, but also supports social, economic, and environmental sustainability. These findings lead to the need for the development of policies that better support the integration of these two sectors in industrial practice.
Co-Authors A. Adriansah Abdul Rahmat Abdul Rahmat Adriansah, A. Afriana Ahmad Syatir Akbar Hidayat Amal, Husaeva Amelia, Widya Anam , Haerul Andi Herman Jaya Andina Pangala Andina Pangala Anwar, Anas Iswanto Asmarini Asmarini Asriyani Asriyani Aulia, Nur Annisa Badria, Badria Busman Busman, Busman Busman, Muh. Rafli Chaerul Anam Chairil Anwar Dini Angraini Dyah, Tri Murti Ayu Edhi Taqwa Eko Jokolelono Elfine Louise Abu Elfine Louise Abu Elfine Louise Abu, Elfine Louise Abu Erifsandi, M. Fadhilah, Rifqah Failur Rahman Farida Millias Tuty Faruq Lamusa Fattah, Sanusi Fridly Devid Gunawan Tasiabe Haerul Anam Haerul Anam Hafista, Salmah Hakimi, Shohib Ika Rafika Jody Setyadi Kalvin Albert Parinding Kalvin Parinding Kamagi, Siti Hargita R. Karenhapukh Purba Kartika Kartika Kezia Verty Kifayatun, Kikif Laendatu Paembonan Lare Murwokolo Cokro Lutfi, Muhtar Lutfi, Muthar M. Anwar Nasruddin M. Musdayati Mahamidi, Widyawati Mahbit Kusnandy Ma’rifah, Nur Ainun Mia Audina Mia Audina, Mia Mifta Khairani Nasution Moh Irsyat Arrosidik R. Abd Karim Mohamad Ichwan Muhammad Akbar Muhammad Akbar Muhammad Ichsan Muhammad Idfal Muhilannuri Muhtar Lutfi MUHTAR LUTFI Mukhtar Tallesang Mukhtar Tallesang Mus dayanti Musdayanti, M. Musdayati Musdayati Musdayati Musdayati Musdayati Musdayati, M. Musdayati, Musdayati Nahda Maidina Arifin Nahdiasma Kirana Nahdiasma Kirana Naisela Vebyanti Y. Pontoh Nasnianti Pasangka Novita Sari Novita Sari Nudiatulhuda Mangun Nurfadilah Sindika Sari Nuryana Haprin DJ Achmad Nuryana Haprin Dj Achmad Nur’aziza Pasangka, Nasnianti Paskual, Meity Ferdiana Patta Tope Putri, Atista Galuh Surya Putri, Dini Aulia Rafil Pramana S.M. Arsad Rahman, Marwah Rahmatia Rahmatia Rangga Putera Boroallo Ravika Rismawati Rengku, Stovan Reski Awalia Rezaldi, Rezaldi Rifqah Fadhilah Risman Risman Sabri, Hamsah Salmah Hafista Sarah Annisa Maghfira Siti Nurhaliza Solly Aryza Suparman Suparman Syamsuddin HM Syamsuddin Syamsuddin Syatir, Ahmad Tallesang, Mukhtar Umam, Sirajul Vera Sri Endah Cicilia Vera Sri Endah Cicilia Wahyul Wahyul Wahyul Wijaya, Fajar Wiri Wirastuti Yohan Yohan Yohan Yosep Sompotan Yunus Sading Yunus, Santi Yusril, Moh.