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Strengthening Agricultural Investment through Sustainable Islamic Banking Purbawati Setyaningsih; Acep R Jayaprawira
International Journal of Business Studies Vol 4 No 2 (2020): International Journal of Business Studies (IJBS)
Publisher : Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32924/ijbs.v4i2.138

Abstract

This study analyzes how agricultural investments may strengthen the Islamic banking industry that is sustainable in the short and long term. Qualitative data sources are secondary data from BPS, Baznas, ACT Global Waqf and research on BWI in the form of secondary data from March 2007 to December 2018. Data were analyzed using the Error Correction Model (ECM) Methodology. Ziswaf have a signiicnt effect on GDP both of the long term and the short term, with the ECT coeficient was - 1.81E-07 meaning that there are increasing GDP will be adjusted within one (1) year with the residual speed of the balance value of - 181 percent. In the long term, the GDP have inluented simultaneously by all independent variables with affected positively by Exports-Agi, PMDN and Ziswaf signiicantly; and it have inluenced negatively by Export signiicantly at the R-square level of 0.98 meaning that the variables are tested to provide almost all the information needed to predict the GDP. Export-Agi was the most inluence with a value of coeficient variable 44.875570. While in the short term, GDP was signiicantly inluenced by Ziswaf on R-square 0.26 which means that there have 74 per cent of other variables outside the model that affect GDP. The selection of competitive plants in the zakat distribution program and the use of idle waqaf land is very important to be considered by institutions / individuals who are interested in PMDN investment in the agricultural sector and ziswaf management institutions. Every land and sea have the blessing and the competitive power of its own and its utilization as well as possible considering the state of the local community as a major source of labor, without neglecting the environmentaspartof sustainabledevelopment goals.Asmart-small- microinanc can be synergized with ziswaf as a step to strengthen the technical and managerial mustahik. Cash waqf can also be used as an instrument for the development of further capital. Economic growth is accompanied by sustainability is the best choice, the chance alignment of a sustainable Islamic inancial investment can be expanded globally in scope and impact. Islamic inancial transactions can be retained should provide investment categories permitted by religion (halal) and did well to supply logistics either through A-PLS or sukuk using the inancing agreements like salam, muzara'ah, and mugharasah; irrigation infrastructure for areas prone to lack of water with Musaqa or Istishna inancing. Careful handling prior to harvest, post - harvest handling of agricultural products and halal food processing industry is part of the growing Islamic Bankings sustainable advantage.
Analysis of Ziswaf, Production Index and Sharia Stock Index on Economic Growth Purbawati Setyaningsih; Roikhan Mochamad Aziz; Puji Hadiyati
Jurnal Pasar Modal dan Bisnis Vol 1 No 2 (2019)
Publisher : The Indonesia Capital Market Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (637.574 KB) | DOI: 10.37194/jpmb.v1i2.32

Abstract

This study analyzes the influence ZISWAF, Gini ratio, the total export value, the index of industrial production, sharia stock index investment to GDP growth, in the short and long term. Qualitative data were taken from BPS, Baznas, ACT Global Waqf, the FSA from March 2006 until December 2017 using the methodology of The Error Correction Model (ECM). The results of this study indicate that the variable Gini Ratio, Ziswaf, Total exports, Production Index and Sharia Stock Index on GDP economic growth have significant and positive effects in the long term and the short term. Meaning that these variables have a relationship with GDP economic growth. If the variable decreases or slows down-then GDP economic growth also. While total exports have insignificant effects and negative effects on GDP economic growth. The R-square regression value of the long-term model produces a proportion of 96 percent, the short-term model produces a proportion of 97 percent. Both in the long-run and short-run models, the highest coefficient value is the value of the Gini ratio with 4.941522 and 0.348043. All positive coefficients, Gini ratio variables, ziswaf and production index have a significant effect on gdp, total exports and sharia stock indexes do not have a significant effect on gdp both in the long and short-term models. It implies in the future, fiscal economic policy makers to economic growth that opened a lot of employment, by encouraging resource based economic activities of Indonesia's largest export-oriented agriculture and mining. Good Corporate goverment should do so gini ratio of the areas surrounding the economy improved and people kesejahtaeraan increase.