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All Journal Al-Iqtishad : Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics) Al-Muzara'ah Jurnal Ekonomi & Keuangan Islam Journal of Islamic Monetary Economics and Finance International Journal of Zakat (IJAZ) ASIAN JOURNAL OF ISLAMIC MANAGEMENT (AJIM) Ekonomi Islam Indonesia Muslim Business and Economic Review International Journal of Waqf Islamic Economics Methodology Management and Sustainability Accounting and Sustainability Indonesian Tourism Journal
Ikhwan, Ihsanul
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Religion Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Environmental Science Law, Crime, Criminology & Criminal Justice Library & Information Science Social Sciences Other

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Efficiency of Indonesian Zakat Institutions in Times of Covid-19: A Two-Stage DEA Analysis Prakoso, Muhammad Fajar Dito; Kurnia, Ariel Izza; Ikhwan, Ihsanul
International Journal of Zakat Vol 8 No 2 (2023): International Journal of Zakat
Publisher : Center of Strategic Studies (PUSKAS) BAZNAS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37706/ijaz.v8i2.477

Abstract

This study evaluates the efficiency level of Selected Amil Zakat Institutions (OPZ) in Indonesia with a span of 2017–2021. Data Envelopment Analysis and Tobit Regression were employed to evaluate OPZ performances. The findings show that only two out of 14 OPZ in Indonesia have experienced perfect efficiency, i.e., LAGZIS Peduli in 2017 and LAZISNU in 2019-2021. The inefficiency that befalls OPZ in Indonesia mostly comes from the output variable, i.e., the collection and distribution of social funds. It is expected that OPZ in Indonesia can optimize the collection and distribution of social funds. Another unique finding is that the OPZ in Indonesia tends to stabilize its efficiency level during the COVID-19 pandemic, namely in 2020 and 2021. The Tobit regression shows that the factors of institution size and number of branch offices have a significant influence on the efficiency level of OPZ in Indonesia, inversely proportional to the factors of age and affiliation of Amil Zakat Institutions, which have no significant effect on the efficiency level of the institution
Cash Waqf in Indonesia: Wordcloud and Research Cluster Uula, Mimma Maripatul; Izza, Nadia Nurul; Ikhwan, Ihsanul
International Journal of Waqf Vol. 3 No. 1 (2023): International Journal of Waqf
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/ijw.v3i1.326

Abstract

This study seeks to map research related to cash waqf in Indonesia published by Dimensions indexed journals from 2008 to 2023. NVivo 12 Plus was used to conduct a thematic review and frequency was used to evaluate 208 publications in the scientific literature. The results found that the number of publications fluctuated from year to year related to cash waqf research in Indonesia, indicating that this topic is an interesting topic and should continue to be developed. In addition, various focuses of discussion and cluster analysis that describe the research path in cash waqf research in Indonesia include Cash Waqf Institution in Indonesia, Cash Waqf in Indonesia and Cash Waqf Model in Indonesia. This research can be used as a starting point for experts to build graphic visualizations of cash waqf research patterns in Indonesia in published scientific research.
Early Warning System and Crisis Management Riani, Ririn; Ikhwan, Ihsanul
Management and Sustainability Vol. 2 No. 2 (2023): Management and Sustainability
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/ms.v2i2.409

Abstract

This research was made to find out the development map on the research topic with the theme Early Warning Economic Crisis. This study discusses bibliometric mapping of the development of trends in keywords, authors, and journals on digital banking from a number of Scopus-indexed reputable papers published between 1990 and 2021. Early warning systems help organizations reduce losses and are critical in detecting emergencies from occurring. This research contributes to the field of early warning system development and applications in the economic and financial sectors by providing new knowledge and critical insights into a previously unexplored topic. Our research also contributes to a better understanding of the use of Early warning systems in business, finance, and economics. Consequently, accumulating knowledge to detect risks before it is too late is crucial for companies to maintain a competitive advantage in the market.
Bank Credit and Economic Growth: Evidence from OIC Countries Rusydiana, Aam Slamet; Ikhwan, Ihsanul
Accounting and Sustainability Vol. 2 No. 2 (2023): Accounting and Sustainability
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/as.v2i2.341

Abstract

This study aims to explore the impact of bank credit along with three other independent variables, namely population, employment, and inflation, on economic growth in 55 Organization of Islamic Cooperation (OIC) member countries. The data used is annual panel data from 2010 to 2021, obtained from SESRIC OIC. The analysis method applied in this study is static panel data regression. The results show that each independent variable, such as population, employment, inflation, and total bank credit, has a significant effect both simultaneously and partially on the economic growth variable (GDP). Bank credit facilitates the efficient allocation of resources from savers to borrowers who have productive investment opportunities, thereby promoting economic growth. Second, banks act as an important channel in the transmission of monetary policy by providing financial intermediation, receiving and utilizing large amounts of public funds, and creating money supply. Third, bank credit expansion is associated with higher economic growth across industries, encouraging tangible investment but not intangible investment in more debt-dependent industries.
Systematic Review on Indonesia Halal Certification Ikhwan, Ihsanul
Ekonomi Islam Indonesia Vol. 6 No. 2 (2024): Ekonomi Islam Indonesia
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/eii.v6i2.554

Abstract

The implementation of the law mandates the establishment of a new government agency under the Ministry of Religious Affairs, namely the Halal Product Guarantee Agency (BPJPH), which was previously handled by LPPOM MUI. Halal certification aims to serve the interests of Muslims and support them in practicing their religious teachings. This study aims to examine the development of research on “Halal certification in Indonesia” published by journals on this topic. The data used are secondary data obtained from scientific publications indexed by the Scopus database of 106 documents. This research uses a qualitative method with a bibliometric approach, which is processed using VOSviewer software. The results of the study show that there are 4 research clusters including halal certification system in indonesia, consumer perceptions and halal certification in indonesia, halal cosmetics and halal certification in indonesia, implementation of halal standards and halal certification in indonesia.
Evaluating Islamic Bank Efficiency and Productivity in ASEAN: Does Technological Advancement Play a Role? Riani, Ririn; Ikhwan, Ihsanul; Rusydiana, Aam Slamet
AL-MUZARA'AH Vol. 12 No. 2 (2024): AL-MUZARA'AH (December 2024)
Publisher : Department of Islamic Economics, IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jam.12.2.233-255

Abstract

Amid the economic crises triggered by the COVID-19 pandemic, sustainable financial systems have become essential for resilience and recovery, particularly in ASEAN countries where Islamic banks play a crucial role in economic stability. The purpose of this study is to evaluate the performances of the Islamic Bank in the ASEAN countries in terms of both efficiency and productivity. This study provides insights into 33 Islamic banks in Indonesia, Malaysia, Brunei Darussalam, Thailand, and the Philippines from 2015 to 2022. This study employs the Data Envelopment Analysis (DEA) technique and the Malmquist Productivity Index (MPI) to simultaneously attain elevated levels of efficiency and productivity. The result shows that Maybank Islamic Berhad was considered the most efficient and productive Islamic Bank within ASEAN countries. In terms of significant elements, it was discovered that shifts in technology capabilities have a greater magnitude of effect on Islamic banking productivity in ASEAN than shifts in innovation strategies and operational efficiencies. The findings also show that Islamic banks in ASEAN region experienced a growth in banking performance during the research period. This implies that the Islamic banking sector demonstrated enhanced performance despite the adverse effects of the COVID-19 pandemic. This study suggests that all ASEAN Islamic banks must continue to enhance the quality of their technology in order to raise their efficiency and generate more productivity in the future.
Building city branding of Yogyakarta as a cultural city: A youtube user-generated content analysis Siswantoro, Siswantoro; Ikhwan, Ihsanul
Indonesian Tourism Journal Vol. 1 No. 1 (2024): May 2024
Publisher : CV. Austronesia Akademika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69812/itj.v1i1.18

Abstract

This study aims to analyze the role of social media in the form of Youtube in promoting the city branding of Yogyakarta, which has been known as a city of culture. Specifically, this research develops three research questions: 1) “What is the role of Youtube social media in promoting city branding of Yogyakarta?”, 2) “Does the cultural aspect appear as the main image of Yogyakarta on Youtube social media?”, 3) “What are the roles of individuals and institutions in the process of Yogyakarta city branding as a cultural city on social media Youtube?”. A total of 240 user-generated content on Youtube were collected via #yogyakarta over a period of 1 month. The content is then analyzed using content information analysis. This study adopts 12 different categories in order to analyze video content. Related to the research question, the research results show that social media plays an important role in creating city branding in Yogyakarta. In this case, users are able to describe Yogyakarta from various perspectives through social media (Youtube). Second, the cultural aspects identified are not the main aspects related to Yogyakarta, but local culinary delights and historical buildings. Nonetheless, these two aspects have a long history and connection with the culture in Yogyakarta. For the last question, the research results show that individuals play a bigger role in building Yogyakarta city branding than institutions. This shows that individuals are positioned not only as consumers of social media but also as producers of social media.
Integrating technological innovation in the halal industry: An analysis using PRISMA Riani, Ririn; Ikhwan, Ihsanul; Rusydiana, Aam Slamet
Jurnal Ekonomi & Keuangan Islam Volume 11 No. 1, January 2025
Publisher : Faculty of Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/JEKI.vol11.iss1.art5

Abstract

Purpose – This study aims to provide a comprehensive evaluation of the integration of digitalization and technological advancements in the halal industry, highlighting their implications for industry development and addressing key challenges and opportunities.Methodology – We used the Preferred Reporting Items for Systematic Reviews and Meta Analyses (PRISMA) methodology to conduct a systematic literature review, analyzing 54 research papers published between 2014 and 2024.Findings – This study identifies the challenges and opportunities in adopting technologies such as IoT, blockchain, and AI within the halal sector, and offers suggestions for overcoming these challenges based on the existing literature. The study finds that adopting advanced technologies is essential for the sustainable growth of the halal market and emphasizes the importance of creating explicit regulations and fostering cooperation for technological innovation.Implications – This study has significant implications for academic researchers, policymakers, and industry practitioners by providing insights into the intersection of technology and halal industry. Originality – The originality of this study lies in its systematic exploration of the crucial role of technology in halal market growth and sustainability. This encourages industry professionals to adopt advanced technologies to enhance product visibility and regulatory compliance.
STABILITY OF ISLAMIC BANK EFFICIENCY IN INDONESIA AND MALAYSIA: HAS COVID-19 MADE ANY DIFFERENCE? Ikhwan, Ihsanul; Riani, Ririn
Journal of Islamic Monetary Economics and Finance Vol. 9 No. 3 (2023)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jimf.v9i3.1526

Abstract

This study examines whether COVID-19 has affected the stability of Islamic banking efficiency in Indonesia and Malaysia using the Data Envelopment Window Analysis (DEWA) using data from 2017 to 2022. The findings indicate that Islamic banks in Malaysia exhibit a higher level of efficiency and stability as compared to their counterparts in Indonesia across all three efficiency measures, namely Technical Efficiency (TE), Pure Technical Efficiency (PTE), and Scale Efficiency (SE). In addition, the findings show that Islamic banks in both countries have stable efficiency performance over the period under investigation and hence the Covid-19 pandemic has not affected their efficiency levels. From the analysis, we further note that financing and labor costs are the main sources of inefficiency in Malaysian Islamic banks while fixed assets and operating revenue contribute the most to Indonesian Islamic banks’ inefficiency.
An Effort to Increase Zakat Awareness: The Role of Public Figures Zaenal, Muhammad Hasbi; Susianti, Meis Winih; Ikhwan, Ihsanul; Adiningshih, Siti Maulida
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol 16, No 1 (2024)
Publisher : Faculty of Sharia and Law, UIN Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v16i1.39202

Abstract

This research aims to analyze the influence of public figures on the intention to pay zakat. The variables adopted in this research are variables related to the characteristics of public figures: trustworthiness, attractiveness, and expertise. This study succeeded in collecting primary data from 216 respondents which were then analyzed using the Structural Equation Modeling (SEM) method. This research shows that the variables trustworthiness, attractiveness, and expertise positively and significantly influence the intention to pay zakat. Based on the results, zakat institutions are expected to select reliable public figures who can be trusted by the community, have an appeal to the community, and have a good understanding and competence about zakat.Abstrak:Penelitian ini bertujuan untuk menganalisis pengaruh public figures terhadap intensi membayar zakat. Variabel yang diadopsi dalam penelitian ini merupakan variabel yang terkait dengan karakteristik public figures yakni variabel trustworthiness, attractiveness, dan expertise. Studi ini berhasil mengumpulkan data primer dari 216 responden yang selanjutnya dianalisis dengan menggunakan metode Structural Equation Modeling (SEM). Hasil penelitian ini menunjukkan bahwa variabel trustworthiness, attractiveness, dan expertise secara positif signifikan memengaruhi intensi membayar zakat. Berdasarkan hasil penelitian ini, badan/lembaga zakat diharapkan dapat memilih public figures yang dapat diandalkan serta dapat dipercaya oleh masyarakat, memiliki daya tarik bagi masyarakat, serta memiliki pemahaman dan kompetensi yang baik tentang zakat.
Co-Authors Aam Slamet Rusydiana, Aam Slamet Adiningshih, Siti Maulida Izza, Nadia Nurul Kurnia, Ariel Izza Muhammad Hasbi Zaenal, Muhammad Hasbi Nashr Akbar, Nashr Prakoso, Muhammad Fajar Dito Riani, Ririn Siswantoro Siswantoro Susianti, Meis Winih Uula, Mimma Maripatul