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All Journal JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis dan Inovasi Universitas Sam Ratulangi) Kaizen : Management Systems and Industrial Engineering Journal JMD: Jurnal Riset Manajemen & Bisnis Dewantara Bandung Conference Series: Business and Management The Eastasouth Management and Business International Journal of Emerging Issues in Islamic Studies West Science Journal Economic and Entrepreneurship Vifada Management and Social Sciences Amwaluna: Jurnal Ekonomi dan Keuangan Syariah
Rani, Asni Mustika
Fakultas Ekonomi Dan Bisnis, Universitas Islam Bandung
Religion Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Industrial & Manufacturing Engineering Physics Social Sciences

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Sustainable Finance Implementation on Institutional Aspects in Indonesia and the European Union Asni Mustika Rani; Atih Rohaeti Dariah; Popon Srisusilawati
Amwaluna: Jurnal Ekonomi dan Keuangan Syariah Vol. 8 No. 2 (2024): Amwaluna: Jurnal Ekonomi dan Keuangan Syariah
Publisher : UPT Publikasi Ilmiah UNISBA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29313/amwaluna.v8i2.2989

Abstract

Realizing sustainable finance practices towards a zero-carbon emission economy requires support and participation from all stakeholders, especially regulators from an institutional perspective. Sustainable finance is crucial in driving transformative economic growth towards sustainability. This study aims to scrutinizes the appropriate institutional elements that can bolster sustainable finance initiatives within Indonesia and the European Union (EU). Using the content analysis method, this research delves into various written media, regulations, laws, and documents. The study reveals that, from an institutional perspective, both the EU and Indonesia align their sustainable finance implementation with regulators' work plans, characterized by shared goals and objectives. However, technical complexities and evolving regulatory aspects pose challenges, stemming from the need to reconcile diverse political views and adapt to changing circumstances. The results indicate that while strong institutional frameworks and regulatory plans exist, practical implementation of sustainable finance faces hurdles. These include the need for clearer guidelines, enhanced inter-agency coordination, and more robust mechanisms to monitor and enforce compliance. Although sustainable finance initiatives in both regions show promise, continuous improvement and adaptation are essential to effectively contribute to a zero-carbon emission economy.
Navigating Cultural Entropy: Leadership Strategies and Organizational Dynamics in Higher Education Institutions Rani, Asni Mustika; Senen, Syamsul Hadi
West Science Journal Economic and Entrepreneurship Vol. 1 No. 12 (2023): West Science Journal Economic and Entrepreneurship
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsjee.v1i12.473

Abstract

This study aims to explore cultural entropy in higher education institutions, with a focus on understanding its impact on employee performance and organizational dynamics. The research investigates factors influencing cultural entropy, the relationship with leadership, and parallels with healthcare settings. Conducted as a systematic literature review, this research employs a bottom-up approach, reviewing articles from Scopus, Emerald, and Google Scholar (2010-2023). The analysis includes factors contributing to cultural entropy, leadership styles, and the impact on organizational performance in higher education. The findings reveal that cultural entropy in higher education is influenced by factors such as bureaucratic excess, unclear communication, and limited employee engagement. Transformational leadership emerges as a crucial factor in addressing cultural entropy, emphasizing the need for leaders who can instigate positive change and foster a culture of continuous learning. The research is limited by the relatively small body of literature on cultural entropy in higher education. Further research is needed to explore tailored approaches for diverse academic contexts and to develop specific interventions for mitigating cultural entropy in educational settings. The study underscores the importance of proactive leadership in managing cultural entropy. Higher education institutions can benefit from strategies inspired by successful interventions in healthcare settings. Implementing policies and supports to address employee stress and cultural entropy can contribute to a more balanced and sustainable work environment. This study contributes to the limited body of literature on cultural entropy within educational institutions, shedding light on its unique manifestations and challenges. The exploration of parallels between healthcare and academia provides a novel perspective, emphasizing the distinct dynamics at play in educational settings. The study encourages further investigation into tailored approaches for addressing cultural entropy in diverse academic contexts.
SMEs Halal Compliance in the Implementation of Service Operations Management Anwar, Umari Abdurrahim Abi; Nurhakim, Haditsa Qur'ani; Rani, Asni Mustika
The Eastasouth Management and Business Vol. 2 No. 02 (2024): The Eastasouth Management and Business (ESMB)
Publisher : Eastasouth Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/esmb.v2i02.187

Abstract

Possession of halal certification does not necessarily ensure that SMEs have high halal compliance. Halal compliance is important to ensure the quality of SME products, including their service products. This study analyzes SME halal compliance in the implementation of service operations management. Descriptive and verification methods are used to test the hypothesis using regression. Some SMEs in Indonesia which are in the food and beverage processing industry sector already have halal standard criteria, although some have not yet received halal certification. Other business sectors are not yet halal certified because they still feel it is not urgent. There is an influence between halal compliance and the implementation of service operations management. The service operations management system model refers to effective, efficient and productive fundamentals, which are efforts not to deviate from other than what has been prescribed by Islam.
Navigating the Landscape of Islamic FinTech: A Comprehensive Literature Review Rani, Asni Mustika; Purnomo, Budi Supriatono; Purnamasari, Imas
The Eastasouth Management and Business Vol. 2 No. 02 (2024): The Eastasouth Management and Business (ESMB)
Publisher : Eastasouth Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/esmb.v2i02.199

Abstract

The primary objective is to provide a comprehensive understanding of the current state and potential growth of Islamic FinTech in Indonesia. Specifically, the study delves into the impact of the COVID-19 pandemic, regulatory considerations, and the role of Sharia principles in shaping the Islamic FinTech landscape. Employing bibliometrics, literature review, and content analysis, the study examines Scopus-indexed documents related to Islamic FinTech. The research uses VOSViewer for network analysis, providing insights into research trends, influential articles, and keyword co-occurrence, thereby contributing to the existing literature on Islamic FinTech. The study identifies four thematic clusters in the global distribution of Islamic FinTech research: (1) Islamic FinTech, (2) Islamic finance, (3) technology, and (4) Islamic economics. Additionally, the research illustrates the surge in Islamic FinTech publications since 2018, indicating growing global interest. Noteworthy is Indonesia's substantial contribution to Islamic FinTech research, reflecting the country's emergence as a significant player in this domain.
Carbon Pricing in Islamic Economics: A Normative Analysis of Carbon Tax and Emissions Trading Systems Asni Mustika Rani; Eva Fauziah; Atih Rohaeti Dariah
International Journal of Emerging Issues in Islamic Studies Vol. 5 No. 2 (2025): December 2025
Publisher : Research Synergy Foundation

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31098/ijeiis.v5i2.3582

Abstract

Climate change mitigation has encouraged the use of carbon pricing instruments, particularly carbon taxes and emissions trading systems (ETS). While these mechanisms are widely adopted for their economic efficiency, their ethical legitimacy remains contested in Muslim-majority contexts, where economic activities must conform to Islamic principles. This study examines the compatibility of carbon pricing instruments with Islamic economic jurisprudence, focusing on the ethical validity of ETS and carbon taxation. Using a qualitative normative-interpretive approach, the study analyzes Islamic legal sources, policy documents, and relevant literature, supported by expert consultation for analytical triangulation. The analysis is grounded in fiqh al-mu'amalah, Islamic fiscal ethics, maqasid al-shariah, and Sharia Enterprise Theory. Rather than measuring policy effectiveness empirically, the study evaluates carbon pricing based on transaction structure, ownership characteristics, and the presence of uncertainty or speculative elements. The findings indicate that emissions trading systems raise significant shariah concerns. Carbon allowances function as administrative permissions rather than tangible or usufruct-based assets, creating issues related to gharar and speculative trading. In contrast, carbon taxation shows stronger compatibility with Islamic fiscal principles when implemented transparently, proportionally, and with revenues allocated for public welfare and environmental protection. This study contributes by reframing, carbon pricing as an issue of ethical governance rather than technical efficiency. It concludes that carbon taxation, supported by maqasid al-shariah and Islamic fiscal principles, offers a more ethically defensible pathway for climate policy in Muslim-majority contexts.
Collaborative Sustainable Development Strategy: Linking Dynamic Capabilities To Sustainable Business Performance In The Indonesian Cocoa Value Chain Asni Mustika Rani; Agus Rahayu; Lili Adi Wibowo; Alfira Sofia; Umari Abdurrahim Abi Anwar
Vifada Management and Social Sciences Vol. 3 No. 2 (2025): July - December
Publisher : Yayasan Vifada Cendikia Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70184/txfzd771

Abstract

Sustainability pressures in agricultural value chains are no longer distant policy discussions. They now influence how firms organize sourcing, production, and distribution on a daily basis. In Indonesia’s cocoa sector, these pressures go beyond compliance. Firms are increasingly required to embed environmental and social considerations into their operational decisions if they wish to maintain market access and competitiveness. This study examines how Dynamic Sustainable Supply Chain Capabilities (DSSCC) relate to Sustainable Business Performance (SBP) and whether a Collaborative Sustainable Development Strategy (CSDS) serves as the mechanism linking the two. Survey data were collected from 40 downstream bean-to-bar cocoa firms and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results reveal a clear pattern. DSSCC strongly supports the formation of CSDS, indicating that leadership commitment, sustainable sourcing, responsible processes, sustainable delivery systems, technology management, and social capability create the internal conditions necessary for collaboration. However, DSSCC does not directly improve SBP. Performance gains emerge when these capabilities are enacted through structured collaboration. CSDS fully mediates the relationship between DSSCC and SBP, suggesting that sustainability outcomes improve when firms work closely with farmers, buyers, communities, and regulators rather than relying solely on internal initiatives. The study draws on the Resource-Based View, Dynamic Capabilities Theory, Stakeholder Theory, and Institutional Theory to frame sustainability transitions as relational processes that unfold across value chains. The findings underline a practical implication: strengthening internal capability is important, but sustainable performance depends on how effectively firms translate that capability into collective action.
Co-Authors Adwiyah, Rabiatul Agus Rahayu Agustiningsih, Dheka Dwi Alfira Sofia Alif Choirun Nisa Allya Roosallyn Assyofa Astri Refa Febryanti Atih Rohaeti Dariah Eva Fauziah Haditsa Qur'ani Nurhakim Ikin Solikin Imas Purnamasari Lili Adi Wibowo Lufthia Sevriana Megha Sakova Muhamad Ilham Eka Dwirahman Muhardi Muhardi Zainudin Popon Srisusilawati Purnomo, Budi Supriatono Rafly Tryas Fariansyah Riga Ari Nurgani Shafira Raudya Putri Sumpena, Firly Firmansyah Syamsul Hadi Senen, Syamsul Hadi Tasya Aspiranti Tia Yuliawati Umari Abdurrahim Abi Anwar Yussar Naufaldin