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Halal industries growth in Salatiga, Central Java, Indonesia Annisa, Arna Asna
Asian Management and Business Review Volume 3 Issue 1, 2023
Publisher : Master of Management, Department of Management, Faculty of Business and Economics Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/AMBR.vol3.iss1.art8

Abstract

This study aims to see the growth performance of the halal industry through the perspective of business actors within the framework of tolerance and the creative economy. The city of Salatiga was chosen as the research location because it has the achievement of being the most tolerant city in Indonesia; this is a new reference base for developing the halal industry from a sociocultural perspective. Through qualitative research with a case study approach, the key person for this research is the Head of the MSMEs Division of the Cooperatives and MSMEs Office of Salatiga City and 22 MSMEs entrepreneurs who will receive free halal certification services in 2021. The data obtained in the form of primary data are analysed using the Atlas t.i application. The data is then validated through triangulation of data with secondary data. The research instrument was developed from the halal balanced scorecard theory, which has four (4) perspectives: learning and growth, internal business, customer, and financial. The results of the data analysis show that government support significantly impacts the process of growing MSMEs awareness to learn to provide halal guarantees for the products they produce. This affects their internal business, so they always evaluate critical points in their production activities. This is done because running a business on a consumer-oriented basis so that halal needs must be met to gain consumer confidence in the end financially, their income has increased. Based on these results, this research can be a recommendation for BI, KNEKS, and the Ministry of Cooperatives and MSMEs to determine the policy direction for developing MSME-based halal industries based on the approach of social and cultural values that still need to be prioritised.
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.