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All Journal Journal of Islamic Monetary Economics and Finance Eduvest - Journal of Universal Studies
Bayu Taufiq Possumah
Institut Agama Islam Tazkia, Indonesia
Aerospace Engineering Computer Science & IT Economics, Econometrics & Finance Health Professions Neuroscience Social Sciences

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ISLAMIC FINANCIAL DEVELOPMENT, ECONOMIC GROWTH AND CO2 EMISSIONS IN INDONESIA Azwar Iskandar; Bayu Taufiq Possumah; Khaerul Aqbar
Journal of Islamic Monetary Economics and Finance Vol 6 No 2 (2020)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jimf.v6i2.1159

Abstract

This study aims to investigate the dynamic relationship between Islamic financial development, economic growth, and CO2 emissions with Environmental Kuznets Curve (EKC) approach in Indonesia over the 2000-2018 period. This study employs the Auto Regressive Distributed Lag (ARDL) bound testing approach and the Error Correction Mechanism (ECM) to examine the existence of long-run and short-run relationship between variables. From the results of the model, we do not find any support for the existence of the EKC for Indonesia. Moreover, the results present that there is no dynamic relationship in the short run among growth, Islamic finance development and CO2 emission. Long-run findings suggest that CO2 emission from transport; other sectors, excluding residential buildings and commercial and public services; and residential buildings and commercial and public services sector are significantly associated to the Islamic finance development in Indonesia. The findings of this study shows that Islamic finance development can help the country to adjust its CO2 emissions and play its role in protecting the environment by encouraging environmental-friendly and energy-efficient projects. A strong and efficient financial sector would be helpful in facilitating the investment process by advancing loans for business in condition with curbing CO2 emissions.
Islamic Financial Development, Economic Growth and CO2 Emissions in Indonesia Azwar Iskandar; Bayu Taufiq Possumah; Khaerul Aqbar
Journal of Islamic Monetary Economics and Finance Vol. 6 No. 2 (2020)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jimf.v6i2.1159

Abstract

This study aims to investigate the dynamic relationship between Islamic financial development, economic growth, and CO2 emissions with Environmental Kuznets Curve (EKC) approach in Indonesia over the 2000-2018 period. This study employs the Auto Regressive Distributed Lag (ARDL) bound testing approach and the Error Correction Mechanism (ECM) to examine the existence of long-run and short-run relationship between variables. From the results of the model, we do not find any support for the existence of the EKC for Indonesia. Moreover, the results present that there is no dynamic relationship in the short run among growth, Islamic finance development and CO2 emission. Long-run findings suggest that CO2 emission from transport; other sectors, excluding residential buildings and commercial and public services; and residential buildings and commercial and public services sector are significantly associated to the Islamic finance development in Indonesia. The findings of this study shows that Islamic finance development can help the country to adjust its CO2 emissions and play its role in protecting the environment by encouraging environmental-friendly and energy-efficient projects. A strong and efficient financial sector would be helpful in facilitating the investment process by advancing loans for business in condition with curbing CO2 emissions.
Analysis Of The Prohibition Of Providing Compensation To Foundation Board Members From An Islamic Justice Perspective Mohammad Yudithama Al Kautsar; Wahyu Dwi Agung Priyo Susila; Azwar Azwar; Bayu Taufiq Possumah
Eduvest - Journal of Universal Studies Vol. 4 No. 5 (2024): Journal Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v4i5.1238

Abstract

This research aims to analyze the prohibition on giving wages to foundation organs (founders and trustees) from an Islamic perspective, especially on the principles of justice. This research is included in the type of qualitative descriptive research (non-statistical) using the library research method (literature review) through a juridical-normative and conceptual approach. The results of the research show that from an Islamic perspective, the prohibition on giving salaries or wages to foundation organs, especially to foundation Trustees and Supervisors, can be said to be a form of injustice, where the management (with some limitations) is entitled to a salary, while the Trustees and Supervisors are not allowed to receive it. Therefore, when the administrators and related parties in the management of the foundation, including Trustees and Supervisors, work in accordance with a mutually agreed contract, agreement, or contract, then wages for performance must be paid fairly and transparently, according to the agreement and willingness of both parties.
Co-Authors Azwar Azwar Azwar Iskandar Azwar, Azwar Khaerul Aqbar Khaerul Aqbar Mohammad Yudithama Al Kautsar Wahyu Dwi Agung Priyo Susila