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Comparative Analysis of The Influence of Sharia and Conventional Monetary Instruments on The Real Sector: An Empirical Study of Indonesia's IPI Ahmad Suminto; Ahmad Agus Hidayat; Risma Nada Azkiya; Rumasukun, Muhammad Alfan; Purnama, Rizki Ari
MUSLIM HERITAGE Vol 9 No 2 (2024): Muslim Heritage: Jurnal Dialog Islam dengan Realitas
Publisher : Universitas Islam Negeri Kiai Ageng Muhammad Besari Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/muslimheritage.v9i2.8892

Abstract

Abstract Indonesia implements a dual monetary policy system, namely conventional and sharia systems that run side by side. The conventional system is a system of interest, while the Sharia system is a system of profit-sharing. The role of the monetary sector in Indonesia's economic growth is very important by minimizing transaction costs or information in financial markets. To ensure the smooth flow of economic activities and enhance the productivity of individuals in the production of goods and services in the real sector. The purpose of this study is to determine the influence of Islamic and conventional monetary instruments on the real sector. This study uses quantitative methods with an Autoregressive Distributed Lag (ARDL) estimation model with the Industrial Production Index (IPI) as the dependent variable. Bank Indonesia Sharia Certificates (SBIS), Sharia Interbank Money Market (PUAS) and financing as independent variables of Islamic monetary instruments, while Bank Indonesia Certificates (SBI), Interbank Money Market (PUAB) and credit as independent variables of conventional monetary instruments. The results of this study show that Islamic and conventional monetary instruments as a whole affect the Industrial Production Index (IPI) as a real sector with an influence of 77% on Islamic monetary instruments and 45% on conventional monetary instruments. In this study, the variables that affect IPI are SBIS, PUAS, financing and interbank while SBI and credit variables do not affect IPI. Abstrak Indonesia menerapkan sistem kebijakan moneter ganda yaitu sistem konvensional dan syariah yang berjalan berdampingan. Penerapan pada sistem konvensional dengan sistem bunga sedangkan pada sistem syariah menganut sistem bagi hasil. Peran sektor moneter pada pertumbuhan ekonomi Indonesia sangatlah penting dengan meminimalisir biaya transaksi ataupun informasi di pasar keuangan. Sehingga kegiatan ekonomi berjalan lancar dan dapat meningkatkan produktifitas masyarakat dalam menghasilkan barang dan jasa di sektor riil. Tujuan penelitian ini untuk mengetahui pengaruh dari instrumen moneter syariah dan konvensional terhadap sektor riil. Penelitian ini menggunakan metode kuantitatif dengan model estimasi Autoregressive Distributed Lag (ARDL) dengan Indeks Produksi Industri (IPI) sebagai variabel dependen. Sertifikat Bank Indonesia Syariah (SBIS), Pasar Uang Antar Bank Syariah (PUAS) dan pembiayaan sebagai variabel independen dari instrumen moneter syariah, sedangkan Sertifikat Bank Indonesia (SBI), Pasar Uang Antar Bank (PUAB) dan kredit sebagai variabel independen dari instrumen moneter konvensional. Hasil dari penelitian ini menunjukkan bahwa instrumen moneter syariah dan konvensional secara keseluruhan berpengaruh terhadap Indeks Produksi Industri (IPI) sebagai sektor riil dengan pengaruh sebesar 77% pada instrumen moneter syariah dan 45% pada instrumen moneter konvensional. Dalam penelitian ini, variabel yang berpengaruh terhadap IPI adalah SBIS, PUAS, pembiayaan dan PUAB sedangkan variabel SBI dan kredit tidak berpengaruh terhadap IPI. Keywords: Sharia Monetary; Conventional Monetary; Real Sector and Industrial Production Inde
Pendampingan Manajemen Usaha dan Pemasaran pada UMKM Krecek Krupuk “Bu Nor” di Ponorogo Kurniawan, Dhika Amalia; Syamsuri, Syamsuri; Astuti, Rahma Yudi; Rumasukun, Muhammad Alfan
Cendekia : Jurnal Pengabdian Masyarakat Vol 7 No 1 (2025): Juni
Publisher : LPPM UNIVERSITAS ISLAM KADIRI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32503/cendekia.v7i1.6345

Abstract

Pengabdian Kepada Masyarakat ini bertujuan untuk mendampingi dan membina mitra UMKM Krecek Krupuk “Bu Nor” dalam aspek tata kelola dan kelembagaan (manajemen), peningkatan mutu dan kapasitas produksi, pengembangan bisnis dan pemasaran. Masalah ini dilatarbelakangi oleh kondisi kerja mitra yang masih manual dalam hal produksi yaitu tanpa menggunakan teknologi modern, rendahnya pengetahuan mitra terhadap manajemen usaha serta rendahnya ketrampilan mitra dalam hal pemasaran digital atau media massa. Metode yang dilakukan adalah pendampingan dan pelatihan secara intens kepada mitra melalui pelatihan manajemen usaha, pelatihan peningkatan produktivitas dengan menggunakan alat modern serta pelatihan pemasaran digital. Hasil yang diperoleh setelah adanya pendampingan adalah mitra saat ini meningkat pengetahuannya tentang manajemen usaha, meningkat produktivitas produknya, serta meningkat ketrampilannya dalam hal pemasaran digital yaitu melalui media massa dan market place.
Peningkatan Jangkauan Pemasaran di Era Digital Menggunakan Akun Shopee pada Savira Frozen Food Home Made: Expanding Marketing Reach in the Digital Era Using a Shopee Account at Savira Frozen Food Home Made Syamsuri, Syamsuri; Rumasukun, Muhammad Alfan; Rahayu, Amin Fonda Astiti Rob; Kamaluddin, Imam; Jamal, Mulyono
PengabdianMu: Jurnal Ilmiah Pengabdian kepada Masyarakat Vol. 10 No. 9 (2025): PengabdianMu: Jurnal Ilmiah Pengabdian kepada Masyarakat
Publisher : Institute for Research and Community Services Universitas Muhammadiyah Palangkaraya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33084/pengabdianmu.v10i9.9606

Abstract

Savira Frozen Food Home Made is a micro-enterprise producing homemade frozen foods made from chicken. Despite offering high-quality products and receiving positive customer reviews, the business continues to face challenges in expanding its marketing reach. This is primarily because Savira Frozen Food Home Made relies solely on WhatsApp to offer and promote its products. As a result, it can only reach customers who already have and have saved the business's contact number. Sales are still carried out directly from the home as well. This community engagement initiative aims to broaden the marketing reach of Savira Frozen Food Home Made through the Shopee e-commerce platform. By utilising this digital platform, business opportunities and potential increases in income through expanded market reach are expected to grow significantly. It may also enhance the competitiveness of micro-enterprise products in the business world. The implementation methods include training and mentoring in creating a Shopee account, developing digital marketing strategies, optimising Shopee Ads features, and managing customer service and delivery. The mentoring results show an increase in marketing reach, with the products reaching 6 out of the 21 sub-districts in Ponorogo. These results demonstrate that using digital platforms can effectively expand the market of micro-enterprises and increase the competitiveness of their products more broadly.
The Effect of Islamic Financial Inclusion and Literacy on the Productivity of MSMEs: Case Study in Probolinggo Muhammad Alfan Rumasukun; Alivia Maharani
Islamic Economics Journal Vol. 10 No. 01 (2024): Islamic Economics Journal
Publisher : Faculty of Economics and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/iej.v10i01.47

Abstract

Looking at the large contribution of MSMEs to GDP growth, namely 0.2%, it can be seen that the market in this sector is supported by a fairly large portion of the workforce, reaching 96.92%. However, the low productivity of MSMEs is a concern because the input produced is not commensurate with the output produced. This research aims to investigate and understand the productivity problems faced by MSMEs (Micro, Small and Medium Enterprises) in Probolinggo, especially in Mayangan sub-district. This research covers aspects such as financial inclusion and financial literacy, with a focus on sharia approaches. This was done to understand the impact of sharia financial inclusion and sharia financial literacy on the productivity of MSMEs in the region. The study employs quantitative research methods and utilizes primary data obtained from respondent-filled questionnaires. The population consists of MSMEs in the Mayangan District, with 30 respondents selected through Probability Sampling. Then the data is processed using multiple linear regression analysis techniques using the SPSS (Statistical Package for Social Sciences) program. The results of this study indicate that Islamic financial inclusion and Islamic financial literacy have a significant effect on the productivity of MSMEs. This is evidenced by the result of the coefficient of determination analysis where the variables of Islamic financial inclusion and Islamic financial literacy affect MSMEs productivity by 84,3% and the remaining 15,7% is explained by other variables not included in this study.