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All Journal El Dinar I-ECONOMICS: A Research Journal on Islamic Economics Dinar: Jurnal Ekonomi dan Keuangan Islam Jurnal Ilmiah Ekonomi Islam SABDAMAS Review of Islamic Economics and Finance Community Development Journal: Jurnal Pengabdian Masyarakat Abdi Kami : Jurnal Pengabdian Kepada Masyarakat Management of Zakat and Waqf Journal (MAZAWA)) Jurnal Ilmu Ekonomi dan Bisnis Islam Jurnal Pustaka Dianmas Al-Intaj : Jurnal Ekonomi dan Perbankan Syariah
Faizi, Faizi
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Religion Agriculture, Biological Sciences & Forestry Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Health Professions Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Public Health Social Sciences Other

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Sosialisasi dan Edukasi Asuransi Syariah bagi Pengurus Masjid Kementerian/Lembaga dan BUMN Dyah Kusumastuti, Retno; Faizi, Faizi; Surya Kusuma, Airlangga
SABDAMAS Vol 2 No 1 (2023): SABDAMAS
Publisher : Lembaga Penelitian dan Pengabdian kepada Masyarakat Unika Atma Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25170/sabdamas.v2i1.5022

Abstract

Indonesia yang mayoritas penduduknya beragama Islam memiliki potensi yang besar menjadi pusat pengembangan keuangan syariah, termasuk asuransi syariah. Namun, perkembangan asuransi syariah sendiri masih relatif kecil. Salah satu permasalahan yang menghambat perkembangan asuransi syariah adalah rendahnya tingkat literasi keuangan syariah masyarakat. Selain itu, masyarakat juga masih menganggap asuransi syariah sama dengan asuransi konvensional. Oleh karena itu, perlu dilakukan pelatihan untuk meningkatkan pemahaman asuransi syariah di masyarakat. Agar lebih efektif, pelatihan tersebut sebaiknya ditujukan ke pihak-pihak yang memiliki pengaruh di masyarakat, seperti pengurus masjid. Dengan pelatihan tersebut diharapkan pemahaman pengurus masjid terkait asuransi syariah dapat meningkat, dan pengurus masjid dapat meneruskan pengetahuan mengenai asuransi syariah ke masyarakat luas. Untuk melaksanakan pelatihan tersebut, tim pengabdian UPN Veteran Jakarta selanjutnya bekerja sama dengan Forum Silaturrahim Takmir Masjid Kementerian/Lembaga dan BUMN mengadakan sosialisasi asuransi syariah bagi pengurus masjid. Metode kegiatan pengabdian ini menggunakan metode ceramah sebagai metode untuk sosialisasi asuransi syariah, yang selanjutnya dilanjutkan dengan sesi tanya jawab. Ke depannya diharapkan pengurus masjid dapat meneruskan pengetahuan mengenai asuransi syariah kepada masyarakat luas sehingga pemahaman mengenai asuransi syariah di masyarakat juga meningkat.
EXAMINING THE INFLUENCE OF LABOR FORCE PARTICIPATION AND ISLAMIC HUMAN DEVELOPMENT INDEX ON POVERTY: A PANEL DATA REGRESSION ANALYSIS Nurjihan, Nabilah; Faizi, Faizi
I-Economics Vol 10 No 1 (2024): I-ECONOMICS: A Research Journal on Islamic Economics
Publisher : Islamic Economics Program, Faculty of Islamic Economics and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19109/ieconomics.v10i1.21763

Abstract

Despite the continuous increase in the Human Development Index (HDI) in DKI Jakarta, the poverty rate remains fluctuating and even increasing. Labor Force Participation and the Islamic Human Development Index (I-HDI) play crucial roles in poverty alleviation. The objective of this study is to examine the influence of Labor Force Participation and the Islamic Human Development Index on poverty in the six administrative regions of DKI Jakarta for the period 2018-2022. In this study, labor force participation and I-HDI are considered as independent variables, while poverty serves as the dependent variable. The population of interest consists of the six administrative regions in DKI Jakarta for the specified period, and a saturated sampling technique is employed. Panel data regression analysis techniques are utilized to test the secondary data obtained from the Central Bureau of Statistics. The findings reveal that the dependent variable, namely poverty in the six administrative regions of DKI Jakarta, is partially and simultaneously influenced by the independent variables, namely labor force participation and I-HDI. This research contributes to the academic knowledge base, serves as a reference for other researchers, and provides valuable insights to the government and policymakers as foundational considerations in addressing the issue of poverty in the six administrative regions of DKI Jakarta.
SHARIA GOVERNANCE IN ISLAMIC FINANCIAL INSTITUTIONS: A COMPARATIVE REVIEW OF MALAYSIA AND INDONESIA Faizi, Faizi; Bin Shuib, Mohd Sollehudin
EL DINAR: Jurnal Keuangan dan Perbankan Syariah Vol 12, No 1 (2024): El Dinar
Publisher : Faculty of Economics Universitas Islam Negeri Maulana Malik Ibrahim Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18860/ed.v12i1.25135

Abstract

As important participants in Sharia governance, Malaysia and Indonesia emphasize the importance of a Sharia supervisory board at the institutional level to ensure compliance with Islamic principles. This study provides a comparative analysis of Sharia governance practices in Indonesia and Malaysia, focusing on the key differences and similarities between the Sharia governance frameworks in Malaysia and Indonesia. The method adopted in this study was document research. This method allows researchers to access a wide range of information and perspectives from various sources such as books, academic journals, government reports, and online databases. The findings reveal that both Malaysia and Indonesia have implemented Sharia governance frameworks in their Islamic financial institutions. However, their structures and regulatory frameworks differ from each other. Malaysia follows a two-tier structure with a comprehensive framework, whereas Indonesia follows a decentralized model with dispersed regulations. Both countries require the establishment of a Sharia committee at the institutional level to ensure compliance with the Sharia principles. Therefore, this comparative analysis enhances the understanding of Sharia governance in Islamic banking and finance, shedding light on the strengths and weaknesses of Malaysia and Indonesia's frameworks
Exploring Halal Certification Literacy Measurement for Micro Small Enterprises (MSEs) Fathoni, Muhammad Anwar; Faizi, Faizi; Suprima, Suprima; Wiryanto, Fadhli Suko; Suryani, Suryani
Review of Islamic Economics and Finance Vol 7, No 2 (2024): Review of Islamic Economics and Finance (RIEF): November 2024
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/rief.v7i2.73607

Abstract

Purpose – The study aims to explores the development of a Halal Certification Literacy Index (HCI) as a novel approach to address challenges faced by Micro and Small Enterprises (MSEs) in obtaining halal certification in Indonesia.Methodology – Employing a qualitative methodology, this research utilizes a comprehensive literature review to construct a conceptual framework for measuring halal certification literacy. The study investigates the current landscape of halal certification, focusing on regulatory frameworks, certification procedures, and the role of government bodies.Findings – The research identifies key challenges such as lack of awareness, financial constraints, and bureaucratic complexities hindering MSEs in obtaining halal certification. The proposed HCI assesses components like knowledge and awareness, procedural readiness, financial capability, human resource competency, and technological adoption.Practical Implications – By introducing the HCI, this study provides a practical tool for policymakers, businesses, and consumers to navigate and enhance the halal certification process. The HCI can facilitate targeted interventions to improve literacy, streamline certification procedures, and support MSEs in meeting halal compliance, ultimately boosting their competitiveness and market access.Originality/Value – This study introduces a novel Halal Certification Literacy Index, which offers a structured approach to measuring and improving halal literacy. The HCI represents an innovative contribution to the field, potentially setting a benchmark for similar indices in other regions and sectors within the halal industry.
SOSIALISASI DAN EDUKASI PEMBIAYAAN MOBIL SYARIAH BAGI PENGURUS MASJID KEMENTERIAN/LEMBAGA DAN BUMN Faizi, Faizi; Kusumastuti, Retno Dyah; Kusuma, Airlangga Surya; Widodo, Purwanto; Levianto, Jubei
ABDI KAMI: Jurnal Pengabdian Kepada Masyarakat Vol 7 No 2 (2024): (Oktober 2024)
Publisher : LPPM Institut Agama Islam (IAI) Ibrahimy Genteng Banyuwangi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69552/abdi_kami.v7i2.2606

Abstract

Indonesia yang mayoritas penduduknya beragama Islam memiliki potensi yang besar menjadi pusat pengembangan keuangan syariah, termasuk pembiayaan mobil syariah. Namun, perkembangan pembiayaan mobil syariah sendiri masih relatif kecil. Salah satu permasalahan yang menghambat perkembangan pembiayaan mobil syariah adalah rendahnya tingkat literasi keuangan syariah masyarakat. Selain itu, masyarakat juga masih menganggap pembiayaan mobil syariah sama dengan pembiayaan mobil konvensional. Oleh karena itu, perlu dilakukan pelatihan untuk meningkatkan pemahaman pembiayaan mobil syariah di masyarakat. Agar lebih efektif, pelatihan tersebut sebaiknya ditujukan ke pihak-pihak yang memiliki pengaruh di masyarakat, seperti pengurus masjid. Dengan pelatihan tersebut diharapkan pemahaman pengurus masjid terkait pembiayaan mobil syariah dapat meningkat, dan pengurus masjid dapat meneruskan pengetahuan mengenai pembiayaan mobil syariah ke masyarakat luas. Untuk melaksanakan pelatihan tersebut, tim pengabdian UPN Veteran Jakarta selanjutnya bekerja sama dengan Forum Silaturrahim Takmir Masjid Kementerian/Lembaga dan BUMN mengadakan sosialisasi pembiayaan mobil syariah bagi pengurus masjid. Metode kegiatan pengabdian ini menggunakan metode ceramah sebagai metode untuk sosialisasi pembiayaan mobil syariah, yang selanjutnya dilanjutkan dengan sesi tanya jawab. Selanjutnya diharapkan pengurus masjid dapat meneruskan pengetahuan mengenai pembiayaan mobil syariah kepada masyarakat luas sehingga pemahaman mengenai pembiayaan mobil syariah di masyarakat juga meningkat.
Sosialisasi Dan Edukasi Pasar Modal Syariah Bagi Pengurus Masjid Kementerian/Lembaga Dan BUMN Kusuma, Airlangga Surya; Faizi, Faizi; Widodo, Purwanto; Levianto, Jubei
Jurnal Pustaka Dianmas Vol 5, No 1 (2025)
Publisher : Universitas Prof. Dr. Moestopo (Beragama)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32509/dianmas.v5i1.5604

Abstract

Pasar modal syariah di Indonesia masih relatif kecil meskipun Indonesia merupakan negara dengan penduduk mayoritas Muslim. Salah satu permasalahan yang menghambat perkembangan pasar modal syariah adalah rendahnya pemahaman mengenai pasar modal syariah. Oleh karena itu, perlu dilakukan pelatihan untuk meningkatkan pemahaman pasar modal syariah di masyarakat. Agar lebih efektif, pelatihan tersebut sebaiknya ditujukan ke pihak-pihak yang memiliki pengaruh di masyarakat, seperti pengurus masjid. Dengan pelatihan tersebut pemahaman pengurus masjid terkait pasar modal syariah dapat meningkat, dan pengurus masjid dapat meneruskan pemahaman tersebut ke masyarakat luas. Untuk melaksanakan pelatihan tersebut, tim pengabdian UPN Veteran Jakarta selanjutnya bekerja sama dengan Forum Silaturrahim Takmir Masjid Kementerian/Lembaga dan BUMN mengadakan sosialisasi pasar modal syariah bagi pengurus masjid. Metode kegiatan pengabdian ini menggunakan metode ceramah yang selanjutnya dilanjutkan dengan sesi diskusi. Hasil dari kegiatan pelatihan ini adalah pengurus masjid memiliki pemahaman yang lebih baik terhadap pasar modal syariah. Selanjutnya diharapkan pengurus masjid dapat meneruskan pengetahuan mengenai pasar modal syariah kepada masyarakat luas sehingga pemahaman mengenai pasar modal syariah di masyarakat juga meningkat.
The Impact of Macroeconomics on the Performance of the Indonesian Sharia Stock Index: A Comprehensive Analysis Faizi, Faizi; Anggoro, Muhammar Dinda Fahlepi Anggoro
Dinar : Jurnal Ekonomi dan Keuangan Islam Vol 12, No 2: Agustus 2025
Publisher : Universitas Trunojoyo Madura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21107/dinar.v12i2.26348

Abstract

Unstable fluctuations in the Indonesian Sharia Stock Index (ISSI) are attributed to macroeconomic factors. Previous research has yielded inconsistent results regarding the factors affecting ISSI price changes, primarily focusing on the short to medium-term. This study aims to investigate and evaluate the impact of macroeconomic variables on ISSI prices. The research methodology employed is a descriptive quantitative approach, utilizing secondary data sources. The Error Correction Model (ECM) is used, utilizing quarterly time series data from the 2nd quarter of 2011 to the 4th quarter of 2022. The findings indicate that over an extended period, inflation and gross domestic product are the variables that influence the price of the Indonesian Sharia Stock Index (ISSI). In the short term, only the exchange rate affects the price of ISSI. However, money supply does not have a significant impact on ISSI prices in either the long or short term. The research findings underscore the significant influence of macroeconomic variables on the Indonesian Sharia Stock Index across different time frames. These results offer valuable insights for investors and policymakers by highlighting the complex interplay of factors affecting the stock market. Further analysis of these dynamics can contribute to a more comprehensive understanding of the Indonesian financial market and assist in making well-informed investment decisions. Moreover, exploring the underlying reasons for the observed relationships between macroeconomic variables and ISSI price movements can open opportunities for proactive risk management and strategic investment planning.
Social Media, Economic Constraints, and Humanitarian Values: Drivers of Boycott Behavior Among Young Muslim Consumers in Indonesia Faizi, Faizi; Putri, Indira Fadhilla; Bin Shuib, Mohd Sollehudin
Al-Intaj : Jurnal Ekonomi dan Perbankan Syariah Vol 11, No 2 (2025)
Publisher : Faculty of Economics and Islamic Business, UIN Fatmawati Sukarno Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29300/aij.v11i2.8236

Abstract

Purpose: This study investigates the influence of social media, economic factors, and humanitarian values on young Muslim consumers’ consumption preferences in Jabodetabek, Indonesia, regarding pro-Israel products amid ongoing boycott campaigns related to the Israel-Palestine conflict.Design/methodology: A quantitative approach was employed to collect data through surveys with 120 students in the Jabodetabek region. The Partial Least Squares (PLS) method was used for data analysis, focusing on variables such as social media exposure, price sensitivity, and ethical considerations.Findings: The results indicate that social media significantly shapes consumption preferences by disseminating information and forming public opinion, with platforms such as Instagram and TikTok playing a pivotal role. Economic factors, particularly price sensitivity and budget constraints, critically affect purchasing behavior, whereas humanitarian values, such as moral solidarity and ethical considerations, strongly motivate boycott participation. Collectively, these factors accounted for 62.8% of the variance in consumption preferences.Practical Implication: Businesses should adopt socially responsible branding and leverage social media to align themselves with consumer values. Policymakers and activists can use these insights to promote ethical consumption and support local alternatives.Originality/Value: This study integrates social media, economic, and humanitarian dimensions to offer a holistic understanding of boycott dynamics in an emerging economy. It bridges gaps in the literature by highlighting the interplay between digital influence, economic practicality, and moral convictions in consumer behavior
Utilization of Zakat Funds in Improving Human Development: A Study on Scholarship Recipients of DKI Jakarta National Amil Zakat Agency Nur Athifah Lubis, Aisyah; Faizi, Faizi
Management of Zakat and Waqf Journal (MAZAWA) Vol. 5 No. 2 (2024): Management of Zakat and Waqf Journal (MAZAWA)
Publisher : Universitas Islam Negeri Sunan Ampel Sunan Ampel

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15642/mzw.2024.5.2.122-143

Abstract

this study aims to evaluate the effectiveness of zakat funds in improving human development through the Future of Jakarta Scholarship (FJS) programme, which addresses important issues such as the sub-optimal allocation of zakat in education, high dropout rate, and inadequate level of human development. Using descriptive qualitative research method, this study collected primary data through interviews. Interview subjects include zakat recipients, programme administrators, education experts and community leaders, to provide a comprehensive understanding of the impact of the programme. The FJS theoretical framework combines zakat and Islamic finance theories, highlighting the role of zakat in socio-economic development and poverty alleviation, alongside human development theory to assess its impact on life expectancy, years of schooling, and purchasing power. The findings show that the FJS programme effectively meets criteria such as accuracy, awareness, purpose, and monitoring in distributing zakat funds. This positive impact is seen from the increase in life expectancy, increase in years of schooling, and increase in purchasing power among the beneficiaries.
Determinants of Purchase Decision on Halal Product: The Mediating Effect of Halal Certification Zikry Ramadhan; Faizi, Faizi
Jurnal Ilmu Ekonomi dan Bisnis Islam Vol 5 No 2 (2023)
Publisher : Program Studi Ekonomi Syariah, FEBI UIN Datokarama Palu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24239/jiebi.v5i2.180.187-214

Abstract

Many food and beverage products circulating among Muslim communities do not meet the standards for halal products, one of which is the display of halal certification labels. Halal certification is a major factor in a Muslim's purchase decision as part of observing Islamic law in terms of food and beverages. This study aimed to analyze the extent to which religiosity, viral marketing, and price affect the purchase decision of halal products for the Muslim community through halal certification as a mediation variable. The research model was quantitative and involved 174 respondents with non-probability sampling and purposive sampling sampling techniques. This study used primary data collected through questionnaires in Google Forms distributed through social media. The analysis technique utilized the Smart PLS software. The main findings confirm that religiosity and viral marketing have a significant influence on the decision to purchase halal products directly. In contrast, prices do not have a significant effect on the decision to purchase halal products directly. Meanwhile, the halal certification testing is mediation, and it is not able to mediate the relationship between religiosity, viral marketing, and price variables towards the purchase decision of halal products indirectly. A limitation of this study is the lack of references to halal certification as a mediating variable. The variables used are still limited to three independent variables, and the respondents obtained are still dominated by students and Generation Z. For further research, it is recommended to use independent variables other than those used in this study and embrace respondents from the general public.
Co-Authors Anggoro, Muhammar Dinda Fahlepi Anggoro Bin Shuib, Mohd Sollehudin Dyah Kusumastuti, Retno Fadhli Suko Wiryanto Fathoni, Muhammad Anwar Kusuma, Airlangga Surya Levianto, Jubei Nur Athifah Lubis, Aisyah Nurjihan, Nabilah Purwanto Widodo Putri, Indira Fadhilla Retno Dyah Kusumastuti, Retno Dyah Sulthan Suci Yudhistira, Sulthan Suci Yudhistira Suprima Surya Kusuma, Airlangga Suryani Suryani Zikry Ramadhan