Riswanti Budi Sekaringsih
Universitas Islam Negeri Sunan Kalijaga Yogyakarta

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Does Finance Access Matters for Children? An Evidence Form Indonesia Family Life Survey 5 and 4 Riswanti Budi Sekaringsih
Global Review of Islamic Economics and Business Vol 5, No 1 (2017)
Publisher : Faculty of Islamic Economics and Business, State Islamic University Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (788.282 KB) | DOI: 10.14421/grieb.2017.051-05

Abstract

As explained in the declaration of Sustainable Development Goals (SDG) in January 2016, two of the achievements are good health and wellbeing and quality education. Households as one of the drivers of the economy, household should be able to improve this achievement. Because There are two kinds of household’s outcome such as; child health and child education. One of the factors that influence this outcome is household financial access. A household who had better access on finance was more sustain than the other. This study aims to examine the impact of household financial acces on child education and child health. Source of data that used is Indonesia Family Life Survey (IFLS/SAKERTI) year 2014 and 2007. The recognition that finance access is an input in a household's production function has major implications for development. It suggests that the acquisition of human capital and the establishment of a physical infrastructure needs to be complemented by human investment the estimation is done in three ways; pooled OLS, fixed effect and random effect. The result shows that finance access matters for child health, specially the availability of BRI and BMT in village. And for child education, finance access specially the availability of BRI and BMT in village have positive impact for child education.
Does a Cryptocurrency Comply with Shariah? Empirical Evidence from ARCH-GARCH Economic Model Riswanti Budi Sekaringsih; Hasan Al-Banna
Global Review of Islamic Economics and Business Vol. 10 No. 2 (2022)
Publisher : Faculty of Islamic Economics and Business, State Islamic University Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/grieb.2022.102-02

Abstract

The objective of this paper is to analyze the debate about cryptocurrency as money from an Islamic point of view. Money in Islam that is based on urf of custom has also some requirements, such as its stability. Some fatwas in Indonesia regarding the legitimacy of cryptocurrency must be evidenced with an empirical-based. The study used 25 cryptocurrency prices and related information. By employing ARCH and GARCH, the study revealed that cryptocurrency is hugely volatile and, thus, does not fulfill such criterion as money from an Islamic perspective, and is normally used for speculation. Hence, this study suggests that cryptocurrency is still reluctant to be used for a transaction.
The Effect of Islamic Bank Financing on the Human Development Index: A Case Study of 15 Cities on Java Island Hanifa Salsabila; Riswanti Budi Sekaringsih
Bulletin of Islamic Economics Vol. 1 No. 2 (2022)
Publisher : Department of Islamic Economics, Faculty of Islamic Economics and Business, Universitas Islam Negeri Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/bie.2022.012-01

Abstract

The Human Development Index (IPM) measures how people can access development results in obtaining income, health, and education. This study aimed to determine whether Islamic bank financing, poverty, and Gross Regional Domestic Product (GRDP) have a relationship and influence the Human Development Index in 15 cities in Java Island for 2015-2021. The quantitative approach uses secondary data from the Financial Services Authority (OJK) for Islamic bank financing data. In contrast, Poverty and GRDP data from the Central Bureau of Statistics (BPS). The data used in this study is annual data from 2015 to 2021. The estimation method used is panel data regression with the Random Effects model. The study results that the Islamic bank financing variable has a significant positive effect on HDI. Meanwhile, the Poverty and GRDP variables significantly and negatively affect the Human Development Index. Simultaneously, the variables of Islamic bank financing, poverty, and GRDP affect the Human Development Index.