Article Per Year (5 Year)
p-Index From 2020 - 2025
2.39
P-Index
This Author published in this journals
All Journal Islamic Ecomonics Journal Jurnal Ekonomi Syariah Teori dan Terapan Jurnal Ekonomi dan Bisnis Islam Al-Mustashfa Journal of Islamic Economic Laws AMALIAH: JURNAL PENGABDIAN KEPADA MASYARAKAT Journal of Islamic Economics and Philanthropy El-kahfi : Journal of Islamic economics AL-FALAH : Journal of Islamic Economics An Nuqud: Journal of Islamic Economics Proceedings of Femfest International Conference on Economics, Management, and Business Proceedings of Femfest International Conference on Economics, Management, and Business Journal of Islamic Economic Laws
Fajri, Mohammad Zen Nasrudin
Universitas Darussalam Gontor
Religion Arts Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Social Sciences

Published : 15 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 15 Documents
Search

 1   2 
The Impact of Islamic Monetary Instruments on the MSMEs Financing in Indonesia Mohammad Zen Nasrudin Fajri; Nahdiyah Istiqomah
Proceedings of Femfest International Conference on Economics, Management, and Business Vol. 1 (2023): Proceedings of Femfest International Conference on Economics, Management, and Busines
Publisher : Universitas Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

As a monetary authority, Bank Indonesia prioritizes open market operations as one of its policies in influencing financial stability. In open market operations, business actors use SBI and PUAB short-term financial instruments in conventional banking and SBIS and PUAS in Islamic banking. Both of these instruments have a role in transmitting monetary policy to the real sector. Monetary transmission can occur through credit lines and MSME financing. This study aims to analyze the effect of sharia monetary instruments on channeling funds to the MSME sector. The data used in this study comes from Bank Indonesia and OJK for the period January 2012 to December 2021. Data analysis uses the VAR/VECM model, the Impulse Response Function (IRF) technique and the Forecast Error Variance Decomposition (FEVD). The results of the analysis show that the SBIS and PLS variables have a significant effect on MSMEs financing. Meanwhile, the PUAS variable has no significant effect on MSMEs financing channel. Based on the FEVD results, the variables of sharia instruments contributed to the MSME variable by 45.67%, while for the MSME financing variable, the financing distribution itself was 54.33%.
Exploring the Trend of Behavioral Studies in Waqf Literature A Bibliometric Analysis Mohammad Zen Nasrudin Fajri
Proceedings of Femfest International Conference on Economics, Management, and Business Vol. 2 No. 2 (2024): Special Issue, The Proceeding of International Conference on Islamic Human Reso
Publisher : Universitas Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study aims to reveal the evolution of behavioral research in waqf literature, most influential authors, institutions and countries. It also explores the research trends and future research directions. This study analyzed 105 papers from Scopus using bibliometric approach and content analysis. The results show that behavioral analysis in waqf literature has grown steadily since 1999, with a marked rise in research output after 2017, peaking in 2024. Early studies focused on traditional waqf mechanisms, but recent research incorporates digital waqf technologies like blockchain and crowdfunding, emphasizing trust, religiosity, and attitudes as key determinants. These developments highlight the increasing integration of behavioral insights with waqf practices, reflecting broader trends in Islamic finance and socio-economic development. The field is dominated by Malaysian institutions, with Universiti Sains Islam Malaysia leading contributions, followed by Universiti Malaysia Kelantan and Universitas Airlangga. Southeast Asia, particularly Malaysia and Indonesia, plays a pivotal role in advancing waqf research. Leading authors, including Ismail S, Ratnasari RT, and Shukor SA, have significantly shaped the discourse. Major publication outlets, such as the Journal of Islamic Marketing and the ISRA International Journal of Islamic Finance, underline the regional focus on Islamic social finance. Research trends emphasize digital waqf technologies, cash waqf, and behavioral determinants like trust and attitudes. Future studies could explore generational differences, innovative waqf models, and the impact of digitalization on participation. Addressing these areas could enhance waqf’s socio-economic impact and broaden its appeal to diverse stakeholders globally
SDGs IN ISLAMIC COMMERCIAL AND SOCIAL FINANCE LITERATURE: A BIBLIOMETRIC AND CONTENT ANALYSIS Fajri, Mohammad Zen Nasrudin; Latif, Abdul; Fajlurrahman, Muhammad Afif Haidar; Muhammad, Adamu Abubakar
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 11 No. 1 (2025): JANUARY - JUNE 2025
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v11i1.64274

Abstract

A number of Muslim-majority countries scored low in SDGs achievements, mainly due to the limitation of funding sources. Many Islamic scholars propose Islamic Finance to address this issue. This research was performed to determine the impactful authors, institutions, countries, journals and keywords in the literature on SDGs in Islamic Commercial Finance (ICF) and Islamic Social Finance (ISF). Furthermore, this paper also presents the discussion on relevant trends and proposes directions for future research in this field. A bibliometric approach and content analysis were administered in analyzing 139 articles retrieved from the Scopus database. The results show that Hassan R. is the most productive author, while Universitas Airlangga and Malaysia are leading institution and country focus in this research theme. “International Journal of Ethics and System” is the leading journal, and the most influential keywords are “SDGs”, “Islamic finance”, and “waqf”. Six research streams were identified: 1) Governance and Performance for SDGs; 2) Innovation for Financing SDGs; 3) Digitalization for SDGs Realization; 4) Green Investment for SDGs Realization; 5) Solution for Socioeconomic Issues; and 6) Contribution to Economic Sustainability. Governments and regulators are recommended to strengthen Islamic finance by ensuring Shariah compliance, promoting blended finance, regulating fintech, incentivizing green sukuk, standardizing SDG reporting, and fostering cross-border harmonization to enhance sustainability, financial inclusion, and economic growth while balancing innovation and risk management.
The Influence of Productive Zakat Through Z-Chicken Program on The Income Level of Mustahik Rizqon, Abdul Latif; Salma, Anisah Salma Ramadhani; Fajri, Mohammad Zen Nasrudin; Sholihah, Fefi Diniyati; Julian, Antoni
Journal of Islamic Economics and Philanthropy Vol. 7 No. 3 (2025): February
Publisher : Universitas Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/jiep.v7i3.11664

Abstract

This study aims to determine the effect of the Z-chicken program on mustahik income levels at BAZNAS Bojonegoro Regency. With this program, it is hoped that mustahik can run their business continuously so that they can become muzakki. The research method used is quantitative research using simple linear regression method. The sample in this study amounted to 30 respondents. Data collection using a questionnaire through google form and data processing using SPSS version 26.0 analysis tools. The results showed that the Z-Chicken program provided by Baznas Bojonegoro had an influence of 81.6% on the income level of mustahik, while the rest was influenced by other factors not included in this study, which was 18.4%. In the t test results, the Z-Chicken program has a significant positive effect on mustahik income levels. The calculated t value of 11.136 is greater than the t table value of 1.701, which means that the hypothesis is accepted, that is, the Z-Chicken program has a positive and significant effect on the income level of mustahik.
THE EFFECT OF COVID-19 AND SECTORAL FINANCING ON ISLAMIC BANK PROFITABILITY IN INDONESIA Fajri, Mohammad Zen Nasrudin; Muhammad, Adamu Abu Bakar; Umam, Khoirul; Putri, Lila Prisilia; Ramadhan, Mohammad Ali
Journal of Islamic Economic Laws Vol 5, No 1: January 2022
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v5i1.17181

Abstract

COVID-19 pandemic has created a new economic crisis worldwide. Islamic Bank which was reportedly resilient against the financial crisis is expected to be stable in this period. Apart from that, Islamic Bank in Indonesia has channeled financing fund to various business sectors with different portions leading to a question whether they have different impact on Islamic Bank’s profitability. This paper aims to discover the impact of COVID-19 pandemic and financing to business sectors on Islamic Bank profitability in Indonesia. An ARDL approach is employed for analysis. The result of the study shows that COVID-19 pandemic has a negative relationship with Islamic Bank profitability in the long-run. Furthermore, financing to transportation, warehousing and communication sectors is associated with higher profitability in the short-run. On the other hand, financing to wholesale and retail trade sectors hurt Islamic Bank profitability. Based on this result, it is suggested that Government impose some measures in stabilizing Islamic Bank’s performance during COVID-19 pandemic. In addition, Islamic Banks are expected to make adjustment on financing to business sectors ratio accordingly in order to maintain the profitability of Islamic Bank.
Co-Authors Abdul Fareed Delawari Abdul Latif Adamu Abubakar Muhammad Ahmad Suminto Alfi Wahdatul Ilmi arizqiya nurfattah Fajlurrahman, Muhammad Afif Haidar Idriss, Ibrahim Dahiru Ikhsanul Amal Julian, Antoni Khoirul Umam Lila Prisilia Putri Mohammad Ali Ramadhan Mufti Afif Muhammad, Adamu Abu Bakar Muhammad, Adamu Abubakar Nahdiyah Istiqomah Nurus Shefrilianti Hidayatullah Putri, Lila Prisilia Raditya Hasan Ramadhan, Mohammad Ali Rizqon, Abdul Latif Rofiqo, Azidni Rusyda Afifah Ahmad salma, anisah salma ramadhani Sholihah, Fefi Diniyati Suminto, Ahmad Suminto, Ahmad Wani, Athar Shahbaz