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Cash Waqf Behavior: Explaining Financial Consciousness and The Moderating Role of Religiosity Lestari, Irna Puji; Pambekti, Galuh Tri; Annisa, Arna Asna
Muslim Business and Economics Review Vol. 2 No. 1 (2023)
Publisher : Universitas Islam Internasional Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56529/mber.v2i1.155

Abstract

The role of cash waqf in empowering the economy of Muslims needs to be continuously improved. This study assesses individuals’ behavior towards cash waqf from a behavioral finance perspective by proposing four elements of financial consciousness: financial locus of control, financial capability, financial willingness, and financial sophistication in encouraging cash waqf behavior. This study also investigates the moderating role of religiosity as a Muslim-specific internal factor. Data was collected from a questionnaire of 337 Muslim government employees in the Ministry of Religious Affairs of Indonesia. The Partial Least Square was used to analyze the data. The findings show that financial locus of control, financial capability, financial willingness, financial sophistication, and religiosity have a significant positive influence on individual behavior towards cash waqf. The findings also suggest that religiosity moderates the financial locus of control, as well as financial sophistication, on cash waqf. This implies that initiatives to increase Muslim participation in cash waqf should be embedded in behavioral finance patterns through a combination of financial consciousness and religiosity.
Determining Model of Halal Lifestyle: A Study on the Role of Kopontren Annisa, Arna Asna
EQUILIBRIUM Vol 9, No 1 (2021): EQUILIBRIUM
Publisher : Prodi Ekonomi Syariah Pascasarjana IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/equilibrium.v9i1.10458

Abstract

The gap between the growth of the global halal industry and the people's halal lifestyle must be fixed immediately. This study aims to analyze the halal lifestyle in pondok pesantrens known to have a character education pattern in their curriculum. This phenomenological research was carried out by in-depth interviews with caregivers and students at the Pondok Pesantren Edi Mancoro and observations. The results of data processing with Atlas t.i show that the leading sector in the development of halal values in Pondok pesantren is Kopontren. With a participatory education pattern, Kopontren involves students in procuring goods and evaluating daily halal needs. The exemplary caregivers also determine the pattern of halal consumption so that the halal lifestyle becomes the morals of the students and becomes an example for society. This novelty research is the first community-based halal value development model and can be used as a recommendation for the development of the Indonesian halal industry.