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All Journal Signifikan : Jurnal Ilmu Ekonomi Afkaruna: Indonesian Interdisciplinary Journal of Islamic Studies Al-Iqtishad : Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics) JAM : Jurnal Aplikasi Manajemen JURNAL SOSIAL HUMANIORA (JSH) Jurnal Ekonomi & Studi Pembangunan Jurnal Manajemen Teori dan Terapan Jurnal Ekonomi Syariah Teori dan Terapan KARSA: Jurnal Sosial dan Budaya Keislaman (Journal of Social and Islamic Culture) Al-Ihkam: Jurnal Hukum dan Pranata Sosial Global Review of Islamic Economics and Business Jurnal Ekonomi dan Bisnis Islam Jurnal Ilmiah Ekonomi Islam Li Falah: Jurnal Studi Ekonomi dan Bisnis Islam Jurnal Ekonomi Islam Al-Muzara'ah Jurnal Ekonomi & Keuangan Islam AFEBI Islamic Finance and Economic Review Journal of Islamic Economic Laws Journal of Innovation in Business and Economics Iqtishoduna: Jurnal Ekonomi Islam Journal of Islamic Monetary Economics and Finance Darmabakti Cendekia: Journal of Community Service and Engagements Indonesian Journal of Halal Research Economic Education and Entrepreneurship Journal Proceedings of Annual Conference for Muslim Scholars Al-Awqaf: Jurnal Wakaf dan Ekonomi Islam Iqtishadia: Jurnal Kajian Ekonomi dan Bisnis Islam Telaah Bisnis Jurnal Ekonomika dan Bisnis Islam Jurnal Riset Public Relations Jurnal Sylva Lestari Muslim Business and Economic Review International Journal of Waqf Islamic Social Finance Jurnal Ekonomi Islam Islamic Economics Methodology Fara'id and Wealth Management Islamic Marketing Review Relasi : Jurnal Ekonomi Maqasid al-Shariah Review Management and Sustainability Accounting and Sustainability Business and Sustainability eJEBA Journal of Islamic Economic Laws
Raditya Sukmana
Departemen Ekonomi Syariah - Fakultas Ekonomi Dan Bisnis - Universitas Airlangga
Religion Agriculture, Biological Sciences & Forestry Arts Humanities Biochemistry, Genetics & Molecular Biology Computer Science & IT Decision Sciences, Operations Research & Management Earth & Planetary Sciences Economics, Econometrics & Finance Education Energy Engineering Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Materials Science & Nanotechnology Medicine & Pharmacology Public Health Social Sciences Other

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DETERMINANTS OF ENERGY CONSUMPTION OF MEMBER COUNTRIES OF ORGANIZATION OF ISLAMIC COOPERATION Nadira Rahmandani; Raditya Sukmana
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 7 No. 7 (2020): Juli-2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol7iss20207pp1321-1335

Abstract

This study aims to determine the effect of economic growth, foreign direct investment, and trade openness on energy consumption in the Organization of Islamic Cooperation – OIC countries from 2004 until 2014 simultaneously and partially. The study uses a qualitative method and employs panel data regression to analyze. The sample is taken by applying a purposive sampling technique and obtained 38 OIC countries. The empirical result shows that economic growth, foreign direct investment, and trade openness are simultaneously significant affecting energy consumption. Partially, economic growth and foreign direct investment have positive and significant effect on energy consumption while trade openness have negative and not significant effect on energy consumption.Keywords: Energy consumption, economic growth, trade openness, OIC countriesREFFERENCESAnto, M.B. Hendrie. 2003. Pengantar ekonomika Mikro Islami. Yogyakarta: Ekonisia.Antonio, Muhammad Syafi’i. 2001. Bank Syari’ah dari Teori ke Praktik. Jakarta: Gema Insani.Biro Pusat Statistik (BPS). 2008. Perkembangan Nilai Tukar Petani dan Harga Produsen Gabah, (online), (www.bps.go.id/getfile.php?news=319) diakses 17 Agustus 2017Burhansyah, Rusli dan Melia P. 2010.Kinerja Usaha Tani Padi dan Indikator Kesejahteraan Petani di Kubu Raya Kalimantan Barat, (Online), (www.pse.litbang.deptan.go.id)/ind/pdffiles/Pros_MP_15_2010.pdf) diakses 17 Agustus 2017Ghazaly, Abdul Rahman, dkk. 2010. Fiqh Muamalat. Jakarta: Prenada Media Group.Haroen, Nasrun. 2007. Fiqh Muamalah. Jakarta: Gaya Media PratamaHasan, M. Ali. 20004. Berbagai Macam Transaksi dalam Islam (Fiqh Muamalat). Jakarta: PT. Raja Grafindo Persada.Heryawan, Ahmad. 2009. “Kesejahteraan dan Ukurannya”. (Online). (http://ahmadheryawan.blogspot.co.id/kesejahteraan-dan-ukurannya). Diakses pada 3 februari 2017.Munawir, Ahmad Warson. 1997. Kamus Indonesia-Arab-Inggris. Surabaya: Pustaka ProgresifNasikun. 1993. Sistem Sosial Indonesia. Jakarta: Raja Grafindo PersadaPusat Pengkajian dan Pengembangan Ekonomi Islam (P3EI). 2008. Ekonomi Islam. Jakarta: PT. Raja Grafindo Persada.Setiawan, Iwan. 2008. Alternatif Pemberdayaan Bagi Peningkatan Kesejahteraan Petani Lahan Kering (Studi Literatur Petani Jagung di Jawa Barat). Skripsi tidak diterbitkan. Bandung. Fakultas Pertanian Universitas Padjajaran.Sugiyono. 2010. Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Bandung: Alfabeta.Syamsuddien, Darsyaf Ibnu. 1994. Darussalam: Prototype Negeri Yang Damai. Surabaya: Media Idaman Press.Yin, Robert K. 2009.Case Study Research Design and Methods.Fourth Edition. California: sage inc.
THE RELATIONSHIP BETWEEN FOREIGN DIRECT INVESTMENT AND BANKING IN THE ECONOMY Mikhail Yunizar; Raditya Sukmana
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 7 No. 11 (2020): November-2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol7iss202011pp2089-2105

Abstract

ABSTRAKSemakin berkembangnya perbankan syariah yang ada di negara-negara muslim maupun non-muslim dan juga meningkatnya penanaman modal asing yang dilakukan oleh negara lain. Maka penelitian ini bertujuan untuk menganalisis pengaruh Foreign Direct Investment (FDI) dan Perbankan terhadap perekonomian yang ada pada negara anggota Organisasi Kerjasama Islam (OKI). Untuk menganalisis lebih lanjut, metode yang digunakan dalam penelitian ini adalah regresi data panel berdasarkan pada 14 negara dengan kurun waktu 2013-2018. Hasil dari penelitian ini menunjukkan bahwa secara simultan, FDI positif dan signifikan terhadap perekonomian dan total aset perbankan yang ada pada bank konvensional dan syariah berhubungan tidak signifikan terhadap perekonomian. Hasil dari penelitian ini menyarankan bahwa setiap negara harus berlomba-lomba menaikkan perekonomiannya dengan memanfaatkan sektor perbankan agar lebih baik lagi sehingga negara asing semakin tertarik untuk menanamkan modalnya.Kata Kunci: Perekonomian, Pertumbuhan Ekonomi, Foreign Direct Investment, Perbankan ABSTRACTIslamic banking has rapidly developed in any major Muslim and non-Muslim countries and the increase of foreign investment made by other countries. The purpose of this paper aims to analyze the effect of Foreign Direct Investment (FDI) and Banking on the economy in the Organization of Islamic Cooperation (OIC) countries member. For further analysis, the method used in this paper is data panel regression based on 14 countries for the period 2013 to 2018. The result of this paper indicated that simultaneously, FDI is positively and significantly related to the economy and the total assets of banking are not significant to the economy. The result of this paper suggests that each country must compete to increase economic growth by utilizing banking sectors so that foreign countries are interested in investing their capital.Keywords: Economy, Economic Growth, Foreign Direct Investment, Banking
THE EFFECT OF FINANCIAL INCLUSION INDICATOR, GDPPC, ICT, AND UNEMPLOYMENT ON HDI IN OIC COUNTRIES 2004-2018 Anastasya Firdauzi; Raditya Sukmana
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 7 No. 10 (2020): Oktober-2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol7iss202010pp1977-1988

Abstract

ABSTRAKPenelitian ini bertujuan untuk mengidentifikasi pengaruh dari financial inclusion indicator, GDPPC, ICT, dan unemployment terhadai HDI pada 55 negara OIC. Penelitian ini menggunakan data statistik dari World Bank, IMF, dan UNDP dengan pendekatan kuantitaif dan dianalisis menggunakan panel data. Berdasarkan hasil regresi, semua variabel menunjukkan hasil yang positif signifikan berpengaruh secara simultan pada HDI pada 55 negara OIC. Financial inclusion indicator jumlah atm dan cabang bank berpengaruh secara positif signifikan, sedangkani jumlah akun deposan pada berpengaruh negatif namun tidak signifikan. GDPPC, ICT dan unemployment berpengaruh secara positif signifikan dalam kenaikan HDI pada 55 negara OIC pada tahun 2004-2018Kata Kunci: HDI, Financial Inclusion Indicator, GDPPC, ICT, Unemployment ABSTRACTThis study aims to identify the effects of financial inclusion indicators, GDPPC, ICT, and unemployment for HDI in 55 OIC countries. This study uses statistical data from the World Bank, IMF, and UNDP with a quantitative approach and is analyzed using panel data. Based on the regression results, all variables show a positive and significant effect simultaneously on HDI in 55 OIC countries. The financial inclusion indicator of the number of ATMs and bank branches has a significant positive effect, while the number of depositors' accounts has a negative but insignificant effect. GDPPC, ICT and unemployment had a significant positive effect on the increase in HDI in 55 OIC countries in 2004-2018.Keywords: HDI, Financial Inclusion Indicator, GDPPC, ICT, Unemployment
Determinants of Student's Intention to Online Cash Waqf Using Modification of Technology Acceptance Model A'yun Qolbi; Raditya Sukmana
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 9 No. 1 (2022): Januari-2022
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol9iss20221pp78-91

Abstract

ABSTRAK Tujuan dari Penelitian ini adalah menguji pengaruh kepercayaan dan citra website yang diintegrasikan dengan persepsi kemudahan penggunaan dan persepsi kebermanfaatan pada niatan seorang mahasiswa dalam membayar wakaf secara online, yang menjadikan penelitian ini berbeda dengan penelitian sebelumnya adalah penggunaan citra website sebagai determinan niatan mahasiswa dalam menggunakan layanan wakaf online ini. Penelitian ini menggunakan pendekatan kuantitatif dengan metode SEM-PLS serta melibatkan responden sebesar 100 responden dengan menggunakan Purposive Sampling dengan kriteria seorang muslim usia 18-35 dan seorang mahasiswa. Software analisis untuk mengolah data dalam penelitian ini menggunakan Smartpls 3.3, untuk data diperoleh dengan menggunakan kuesioner online menggunakan skala likert 1 sampai 5, dengan keterangan sangat setuju hingga tidak setuju. Hasil dari penelitian ini menunjukkan bahwa kepercayaan, citra website, kebermanfaatan aplikasi, dan kemudahan penggunaan berhubungan signifikan terhadap niat penggunaan wakaf online. Implikasi hasil penelitian ini diharapkan dapat memberikan tambahan pengetahuan terutama dalam ilmu pemasaran Islam terkait penggunaan behavioral intention dalam penggunaan layanan wakaf online, serta diharapkan penelitian ini dapat memberikan masukan bagi manajemen lembaga donasi terutama nazir untuk lebih memperhatikan kemudahan penggunaan konsumen, manfaat yang dirasakan, kepercayaan lembaga, citra perusahaan serta niat dalam menggunakan layanan wakaf secara online. Kata kunci: Wakaf online, technology acceptance model, trust, image.   ABSTRACT The purpose of this study was to examine the effect of trust and website image, which is integrated with perceived ease of use and perceived usefulness, on a student's intention to pay waqf online. What makes this research different from previous research is using website images to determine student intention in using this online waqf service. This study uses a quantitative approach with the SEM-PLS method and involves 100 respondents using purposive sampling with the criteria of a Muslim aged 18-35 and a student. The analysis software to process data in this study used Smartpls 3.3 for data obtained using an online questionnaire using a Likert scale of 1 to 5, with statements strongly agreeing to disagree. This study indicates that trust, website image, application usefulness, and ease of use are significantly related to the intention to use online waqf. The implications of the results of this study are expected to provide additional knowledge, especially in Islamic marketing related to the use of behavioral intention in the use of online waqf services. It is hoped that this research can provide input for the management of donation institutions, especially Nazir, to pay more attention to consumers' ease of use, perceived benefits, and institutional trust., corporate image and intention to use online waqf services. Keywords: online waqf, technology acceptance model, trust, image.   DAFTAR PUSTAKA Abdul Shukor, S., Johari, F., Abd Wahab, K., Kefeli Zulkefli, Z., Ahmad, N., Haji Alias, M., Abdul Rahman, A., Mohd Orip, N. M., Ibrahim, P., & Abu-Hussin, M. F. (2019). Trust on awqaf institutions: evidence from Malaysia. Journal of Islamic Marketing, 10(2), 511–524. https://doi.org/10.1108/JIMA-05-2017-0054 Ahn, J. chang, Sura, S., & An, J. C. (2018). Intention to donate via social network sites (SNSs): A comparison study between Malaysian and South Korean users. Information Technology and People, 31(4), 910–926. https://doi.org/10.1108/ITP-12-2015-0307 Aldeen, K. N., Ratih, I. S., & Herianingrum, S. (2020). Contemporary issues on cash waqf: A thematic literature review. International Journal of Islamic Economics and Finance (IJIEF), 3(3), 119–144. https://doi.org/10.18196/ijief.3236 Alrubaiee, L. S., Aladwan, S., Abu Joma, M. H., Idris, W. M., & Khater, S. (2017). Relationship between corporate social responsibility and marketing performance: The mediating effect of customer value and corporate image. International Business Research, 10(2), 104. https://doi.org/10.5539/ibr.v10n2p104 Bailey, A. A., Pentina, I., Mishra, A. S., & Ben Mimoun, M. S. (2017). Mobile payments adoption by US consumers: An extended TAM. International Journal of Retail and Distribution Management, 45(6), 626–640. https://doi.org/10.1108/IJRDM-08-2016-0144 Berakon, I., Aji, H. M., & Hafizi, M. R. (2021). Impact of digital sharia banking systems on cash-waqf among Indonesian Muslim youth. Journal of Islamic Marketing. https://doi.org/10.1108/JIMA-11-2020-0337 Blagoeva, K. T., & Mijoska, M. (2017). Applying TAM to study online shopping adoption among youth in the republic of Macedonia. Genetika, 46(3), 27–32. Eneizan, B., Alsaad, A., Alkhawaldeh, A., Rawash, H. N., & Enaizan, O. (2020). E-WOM, trust, usefulness, ease of use, and online shopping via websites: The moderating role of online shopping experience. Journal of Theoretical and Applied Information Technology, 98(13), 2554–2565. Faisal, M., Yusof, M., Alam, S., Faiz, M., Yusof, M., Alam, S., Hasarudin, M. H., Alam, S., Romli, N., Lumpur, K., Terms, G., & Statement, P. (2014). Cash waqf and infaq: A proposed e-philanthropy in Malaysia. Jurnal Kemanusiaan, 12(1), 1–10. Hair Jr., J. F., Gabriel, M. L. D. da S., & Patel, V. K. (2014). Modelagem de equações estruturais baseada em covariância (CB-SEM) com o AMOS: Orientações sobre a sua aplicação como uma Ferramenta de Pesquisa de Marketing. Revista Brasileira de Marketing, 13(2), 44–55. https://doi.org/10.5585/remark.v13i2.2718 Indahsari, K., Burhan, M. U., Ashar, K., & Multifiah. (2014). Determinants of individual Muslim behaviour in accomplishing zakah, infaq, shadaqah and waqf through amil institution. International Journal of Economic Policy in Emerging Economies, 7(4), 346–365. https://doi.org/10.1504/IJEPEE.2014.066627 Iskandar, M., Hartoyo, H., & Hermadi, I. (2020). Analysis of factors affecting behavioral intention and use of behavioral of mobile banking using unified theory of acceptance and use of technology 2 model approach. International Review of Management and Marketing, 10(2), 41–49. https://doi.org/10.32479/irmm.9292 Joseph, S. (2014). Waqf in historical perspective: Online fatāwā and contemporary discourses by muslim scholars. Journal of Muslim Minority Affairs, 34(4), 425–437. https://doi.org/10.1080/13602004.2014.965974 Kasri, R. A., & Chaerunnisa, S. R. (2021). The role of knowledge, trust, and religiosity in explaining the online cash waqf amongst Muslim millennials. Journal of Islamic Marketing. https://doi.org/10.1108/JIMA-04-2020-0101 Klopping, I. M., & Mckinney, E. (2004). Extending the technology acceptance model and the task-technology fit model  to consumer e-commerce. Information Technology, Learning, and Performance Journal, 22(1), 35–48. Lubis, H. (2020). Potensi dan strategi pengembangan wakaf uang di indonesia. IBF: Islamic Business and Finance, 1(1), 43–59. Masrikhan, M. (2019). Optimalisasi potensi wakaf di era digital melalui platform online wakafin.com dengan konsep crowdfunding sebagai penggerak ekonomi masyarakat. Jurnal Ekonomi Syariah, 1, 1–12. Mohd Thas Thaker, M. A. Bin. (2018). Factors influencing the adoption of the crowdfunding-waqf model (CWM) in the waqf land development. Journal of Islamic Marketing, 9(3), 578–597. https://doi.org/10.1108/JIMA-05-2016-0043 Mohd Thas Thaker, M. A., Mohd Thas Thaker, H., A.Pitchay, A., & Khaliq, A. (2019). A proposed integrated zakat-crowdfunding model (IZCM) for effective collection and distribution of zakat fund in Malaysia. International Journal of Zakat and Islamic Philanthropy, 1(2), 1–12. Niswah, F. M., Mutmainah, L., & Legowati, D. A. (2019). Muslim millennial’s intention of donating for charity using fintech platform. Journal of Islamic Monetary Economics and Finance, 5(3), 623–644. https://doi.org/10.21098/jimf.v5i3.1080 Nour Aldeen, K., Ratih, I. S., & Sari Pertiwi, R. (2021). Cash waqf from the millennials’ perspective: a case of Indonesia. ISRA International Journal of Islamic Finance, ahead-of-p(ahead-of-print). https://doi.org/10.1108/ijif-10-2020-0223 Phatthana, W., & Mat, N. K. N. (2011). The application of technology acceptance model (TAM) on health tourism e-purchase intention predictors in Thailand. 2010 International Conference on Business and Economics Research, 1, 196–199. http://www.ipedr.com/vol1/43-B10046.pdf Raza, S. A., Shah, N., & Ali, M. (2019). Acceptance of mobile banking in Islamic banks: Evidence from modified UTAUT model. Journal of Islamic Marketing, 10(1), 357–376. https://doi.org/10.1108/JIMA-04-2017-0038 Rybaczewska, M., Sparks, L., & Sułkowski, Ł. (2020). Consumers’ purchase decisions and employer image. Journal of Retailing and Consumer Services, 55(October 2019), 0–7. https://doi.org/10.1016/j.jretconser.2020.102123 Sabri, F. A. (2014). Wakaf uang (Sebuah alternatif dalam upaya menyejahterakan masyarakat). AL-IHKAM: Jurnal Hukum & Pranata Sosial, 8(1), 40–54. https://doi.org/10.19105/al-lhkam.v8i1.339 Shaikh, I. M., Qureshi, M. A., Noordin, K., Shaikh, J. M., Khan, A., & Shahbaz, M. S. (2020). Acceptance of Islamic financial technology (FinTech) banking services by Malaysian users: An extension of technology acceptance model. Foresight, 22(3), 367–383. https://doi.org/10.1108/FS-12-2019-0105 Singh, S., Sahni, M. M., & Kovid, R. K. (2020). What drives fintech adoption? A multi-method evaluation using an adapted technology acceptance model. Management Decision, 58(8), 1675–1697. https://doi.org/10.1108/MD-09-2019-1318 Sohn, S. (2017). A contextual perspective on consumers’ perceived usefulness: The case of mobile online shopping. Journal of Retailing and Consumer Services, 38(May), 22–33. https://doi.org/10.1016/j.jretconser.2017.05.002 Usman, H., Mulia, D., Chairy, C., & Widowati, N. (2020). Integrating trust, religiosity and image into technology acceptance model: the case of the Islamic philanthropy in Indonesia. Journal of Islamic Marketing. https://doi.org/10.1108/JIMA-01-2020-0020 Victoria, O. A., Pujirahayu, E. W., Khisni, A., & Ong, R. (2019). Law development of waqf al-nuqud (Cash waqf) towards electronic waqf (E-waqf) based on public welfare. LDJ: Law Development Journal, 1(1), 13–17. Wadi, D. A., & Nurzaman, M. S. (2020). Millennials behaviour towards digital waqf innovation. International Journal of Islamic Economics and Finance (IJIEF), 3(3), 1–30. https://doi.org/10.18196/ijief.3232 Wong, K. K. K.-K. (2013). Partial least squares structural equation modeling (PLS-SEM) techniques using SmartPLS. Marketing Bulletin, 24(1), 1–32. Retrieved from http://marketing-bulletin.massey.ac.nz/v24/mb_v24_t1_wong.pdf%5Cnhttp://www.researchgate.net/profile/Ken_Wong10/publication/268449353_Partial_Least_Squares_Structural_Equation_Modeling_(PLS-SEM)_Techniques_Using_SmartPLS/links/54773b1b0cf293e2da25e3f3.pdf Zhang, E. M. (2010). Understanding the acceptance of mobile SMS advertising among young chinese consumers. Psychology & Marketing, 30(6), 461–469. https://doi.org/10.1002/mar
The Determinant Factors of Motivation to Pay Zakat in Regional Amil Zakat Agency of East Java Ahmad Ajib Ridlwan; Raditya Sukmana
Karsa: Journal of Social and Islamic Culture Vol. 25 No. 2 (2017)
Publisher : Institut Agama Islam Negeri Madura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19105/karsa.v25i2.1398

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Poverty is a set of problems encountered by developing countries, including Indonesia. This study attempts to solve the problems using zakat instrument. Indonesia has high zakat revenue potency, but its realization is still low, therefore factors affecting society motivation in paying zakat through Amil Zakat Agency still need to be investigated. The purpose of this study is to identify if religious, psychological, social factors and government regulation enable to influence society motivation in paying zakat both simultaneously or partially. Multiple linier regression was used as the method of analysis. The results shows that religiosity, psychological, social factors and government regulation have positive and significant impact on society motivation in paying zakat through Amil Zakat Agency. Partially, religious factor and psychological factor influences society motivation in paying zakat while social factor and government regulation does not influence it. Copyright (c) 2017 by KARSA. All right reserved DOI: 10.19105/karsa.v25i2.1398 
The Role of Stock Markets in Promoting Economic Growth in Malaysia: Islamic vis-vis Conventional Muhamad Abduh; Raditya Sukmana
Global Review of Islamic Economics and Business Vol 1, No 1 (2013)
Publisher : Faculty of Islamic Economics and Business, State Islamic University Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (360.121 KB) | DOI: 10.14421/grieb.2013.011-01

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The purpose of this study is to evaluate the dynamic effects of both Islamic and conventional stock markets development on the economic growth, particularly in Malaysia. The model estimation used to explain the relationship is the autoregressive distributed lag model with the variable of FTSE BM Emas Shariah Index to represent Islamic securities and FTSE BM Composite Index to represent the conventional. The data coverage is from Q1:2000 to Q4:2011. The result shows that there is no evidence of co-integration between the conventional markets and economic growth while there is a co-integration found between Islamic markets and economic growth. Moreover, the relationship between the development of the Islamic stock markets and economic growth occurs to be bidirectional.
APPLICATION OF BLOCKCHAIN BASED WAQF CROWDFUNDING IN FISHERMEN GROUP: CASE STUDY OF NAMBANGAN AND CUMPAT, SURABAYA Raditya Sukmana; Rahmat Heru Setianto; Gancar Candra Premananto; Shochrul Rohmatul Ajija
Darmabakti Cendekia: Journal of Community Service and Engagements Vol. 2 No. 1 (2020): JUNE 2020
Publisher : Faculty of Vocational Studies, Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (812.453 KB) | DOI: 10.20473/dc.V2.I1.2020.26-29

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Background: The image of fishermen so far is a group of people classified as poor. One effort to reduce poverty is to revive the microenterprise economy through cooperatives and utilize waqf funds as an alternative source of financing for microbusinesses. The Mining and Cumpat Fishermen Group of Kenjeran District in Surabaya City has now received capital injections from productive endowments in their cooperatives. However, another problem arises from productive waqf there, the waqf that is collected is not as much as what is needed by the person. Purpose: This service program is expected to produce an outcome that is a blockchain based application that can facilitate endowments and willingness. Thus it is expected to help increase the capital of the Fishermen and Cumpat Fishermen Group, Kenjeran District, Surabaya City. Method: This service program used a participatory method whereby the companion was also involved in the application business process. In addition, the companion also asked for active participation from the mauquf alaih to provide detailed information about his business. Thus, the facilitators could promote to the prospective waqf to channel the endowment funds. Results: This assistance program produced a waqf application with blockchain technology that can be accessed on waqf.network. Conclusion: This program was considered effective in growing trust in the distribution of waqf funds. In addition, maukuf alaih also makes it easier to get investors in developing their businesses.
Difference Analysis of Social Performance With The Islamic Social Reporting (ISR) in Syariah Banking That Are in Indonesia and Malaysia Aprila Dwi Widayati; Raditya Sukmana
AFEBI Islamic Finance and Economic Review Vol 1, No 01 (2016)
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (376.533 KB) | DOI: 10.47312/aifer.v1i01.21

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The purpose of this research is to examine the difference of Islamic Social Reporting (ISR) disclosure level of islamic banking in Indonesia and Malaysia based on ISR index. The samples were selected by purposive sampling method. The samples that is used in this research is five islamic banks in Indonesia and five islamic banks in Malaysia. This research uses secondary data, that is annual report from 2010-2012. Annual reports were analyzed using content analysis method. Furthermore, the differences of ISR disclosure level were tested using independent sample t-test. The results showed that ISR disclosure level of islamic banking in Indonesia is better than ISR disclosure level of islamic banking in Malaysia. Based on the results of hypothesis testing, found that there are significant differences in the disclosure level between islamic banking in Indonesia and Malaysia.Keywords: Islamic Social Reporting, Islamic Social Reporting Index, Islamic Banking
Shariah Compliant Macaulay’s Duration Model Testing: Evidence from Islamic banks in Indonesia Syed Alamdar Ali Shah; Raditya Sukmana; Bayu Arie Fianto
Journal of Islamic Economic Laws Vol 4, No 2: July 2021
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v4i2.15358

Abstract

The purpose of this research is to test Shariah compliant duration models on Islamic banks in Indonesia. This will be achieved using data of earning assets and risk bearing liabilities of Indonesian Islamic banks from 2009 to 2019. Using multiple regressions the results suggest that Shariah compliant duration models are robust to calculate duration of earning assets, return bearing liabilities and Islamic banks. This research adds to the previous research of testing Shariah compliant duration model. Ultimately, it will improve profitability, risk efficiency and Shariah efficiency by improved Shariah compliant measures of risk management. This will ultimately improve market capitalization and returns stability in the long run. A major limitation of the study is very short length of data of Islamic banks. Still another limitation is difference in commencement of business of various Islamic banks that makes length of data unequal.
Cash Waqf Models of Baitul Maal wat Tamwil in Indonesia Ascarya Ascarya; Siti Rahmawati; Raditya Sukmana
Al-Awqaf: Jurnal Wakaf dan Ekonomi Islam Vol 10 No Special (2017): Al-Awqaf: Jurnal Wakaf dan Ekonomi Islam
Publisher : Badan Wakaf Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47411/al-awqaf.v10iSpecial.51

Abstract

Cash waqf is one type of contemporary waqf which has been widely applied by waqf institutions and Islamic financial institutions in Muslim majority countries as well as in Muslim minority countries. This study is intended to identify and analyze the cash waqf model applied by three Baitul Maal wat Tamwil (BMT) as certified Nazhir with their unique characteristics, not only to achieve triple bottom-line (outreach, sustainability and welfare impact), strengthen its role as the agent of holistic financial inclusion (HFI) and develop micro enterprises (MEs), but also to improve its social programs, to improve its stability as well as to contribute to financial system stability. The results show that managing cash waqf (direct and indirect) will benefit not only final mauquf alaih (beneficiaries of BMT’s social programs), but also intermediate mauquf alaih (BMT and its MEs members). BMT would benefit from the placement of cash waqf funds in its waqf equity and investment deposit accounts, not only as source of fund, but also provides better liquidity risk and reduce mismatch, which in the long run would improve BMT stability and its resilience to external shock. BMT members and MEs would benefit from cheaper cost of micro-financing. Final mauquf alaih would benefit from more variety and better quality social programs. To improve the participation of BMTs in managing cash waqf, BMT should be authorized and encouraged, with incentives and necessary regulations, to independently manage its own cash waqf collected. Moreover, the determinants of BMT soundness should not only include its Baitut Tamwil performance, but also include its Baitul Maal performance. JEL Classification: D60, G210 Keywords: Waqf, Cash Waqf, Baitul Maal wat Tamwil
Co-Authors A'yun Qolbi Aam Rusydiana Aam Slamet Rusydiana, Aam Slamet Abdul Haris Masi Achmad Adnan Fauzi Wicaksana Achmad Nur Iman Afifa Luqmannur Rohman Ahmad Ajib Ridlwan Ainun Amalia Zuhroh Akhmad Kusuma Wardhana Al Asy Ari Adnan Hakim Alfath Shifa Ghifara Ali, M. Mahbubi Alifiandy, Mochammad Maulana Alimin Alimin Almustofa, Muhammad Ubaidillah Anastasya Firdauzi Andy Rio Wijaya Anik Rufaidah Annisa Nurhasibah Anwar Fatoni Aprila Dwi Widayati Aprilia Dwi Widayati Arum Fatmawati Ascarya Ascarya Astarudin, Tatang Atik Fazalina Azhar Alam Azzam Izzuddin Bafana, Faiz Adib bayram, kamola Bayu Arie Fianto Bimo Saputro Bonita Almira Putri Brilly Artsilia Prisaris Isrofil Cholid Imami Desy Intan Normalasari Dwi Purnamasari Fauzul Mizanul Ahsan Febrianti, Puput Rosita Feranti Farah Nur Gancar Candra Premananto Hanoraga, Tony Haqiqi Rafsanjani Haqiqi Rafsanjani Hendri Tanjung Heri Kuswanto Heri Kusworo Ibrahim, Mansor H. Iman Harymawan Imron Mawardi Insani, Taqiyah Dinda Insani, Taqiyah Dinda Irena Anindita Setiahani Jim, Mahafizur Rahman Kamarni, Neng Khalifah Muhamad Ali Khoirul Zadid Taqwa Law, Siong Hook Lintang Titian Purbasari Lusiana Handayani Madyan, Muhammad Magda Ismail A. Mohsin Mahmud Iwan Solihin Mahmud Iwan Solihin Mansor H Ibrahim Miftahul Jannah Mikhail Yunizar Mohammad Abdul Adim Muhamad Abduh Muhamad Abduh Muhamad Abduh, Muhamad Muhamad Nafik Hadi Ryandono, Muhamad Nafik Muhammad Ala’uddin Muhammad Faiq Ramadhan Muhammad Iqbal Muhammad Widyarta Wijaya Muslich Anshori Muslich Anshori Mustaqimah, Mu'minah Mutia Fatiha Pratama Nadira Rahmandani Nadira Rahmandani Nailul Author Napitupulu, Rodame Monitorir Nining Khoirun Nisa Nisa', Mir'atun Nisa, Khairun Nisful Laila Nova Rini Nova Rini Noven Lukito Hadi Saputro Nur Fadhilah Nur Indah Rofiqoh, Siti Nur Rachmat Arifin Nurwijayanti Priandana, Damara Putri Chintia Latifa Putri, Bonita Almira Putri, Hamilatul Hasanah Qolbi, Ayun Rahmandani, Nadira Rahmat Heru Setianto Revita Adelia Safitri Rifaldi Majid Ririn Tri Ratnasari Risma Savhira Dwi L Rodame Monitorir Napitupulu Rofiqoh, Siti Nur Indah Rosyidah Rosyidah Rosyidah Rosyidah, Rosyidah Rubina Dwi Ghassani Rufaidah, Anik Salsabilla, Salma Nadia Samsul Arifin Saputro, Bimo Sari Suryaningtyas Sari, Indah Fresma Sekar Sari, Novi Setiyowati, Arin Shah, Syed Alamdar Ali Sherrindra Avedta Shochrul Rohmatul Ajija Sholikah, Nikmatus Siti Nur Indah Rofiqoh Siti Nur Indah Rofiqoh Siti Rahmawati Siti Rochmah Sulaeman Sulaeman Sulistyowati Sulistyowati Sulistyowati Sulistyowati Suryaningtyas, Sari Syed Alamdar Ali Shah Taqiyah Dinda Insani Taqwa, Khoirul Zadid Tika Widiastuti Tika Widiastuti Tita Novita Sari Ujang Syahrul Mubarrok Wicaksana, Achmad Adnan Fauzi Yuli Muhayati Zulfa Mufidah