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Pre- and post-merger efficiency of Islamic state-owned bank: A case study of Bank Syariah Indonesia Hakimi, Fifi; Maf'ula, Faricha; Gultom, Rifyal Zuhdi
Journal of Islamic Economics Lariba Vol. 10 No. 1 (2024)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol10.iss1.art25

IntroductionThe increased development of Islamic banks in Indonesia is one way the government promotes state financial inclusion. On January 27, 2021, the Financial Services Authority (Otoritas Jasa Keuangan) formally granted permission for corporate mergers. Subsequently, on February 1, 2021, BRI Syariah, Bank Syariah Mandiri, and BNI Syariah, three state-owned Islamic banking companies, were officially merged to form Bank Syariah Indonesia. This study evaluates the performance efficiency of these three Islamic banks before and after the merger and compares it to other state-owned conventional banks using the Data Envelopment Analysis (DEA) approach with the BCC model framework.ObjectivesThis study aims to compare Bank Syariah Indonesia's efficiency levels before and after the merger and assesses its performance relative to other state-owned conventional banks.MethodThis research utilizes the DEA method with the BCC model to analyze quarterly financial data from March 2019 to March 2023. The inputs considered are total deposits, personal expenses, and fixed assets, whereas the outputs are financing (loans) and income.ResultsThe results indicate that Bank Syariah Indonesia is more efficient than other conventional state-owned banks after the merger. However, pre-merger, BRI Syariah and BNI Syariah ranked first in efficiency compared to conventional state-owned banks. The post-merger analysis shows a stable and high-efficiency level for Bank Syariah Indonesia despite fluctuations.ImplicationsThe findings suggest that the merger improved Bank Syariah Indonesia's performance efficiency, making it a benchmark for state-owned banks. The study highlights the importance of mergers in enhancing efficiency and suggests areas for further improvement, such as risk-mitigation strategies during economic downturns.Originality/NoveltyThis study provides additional literature on the impact of mergers on the efficiency of Islamic banks in Indonesia. It extends previous studies on Islamic bank mergers by offering insights into performance differences before and after the merger, using Bank Syariah Indonesia as a case study.

The Effectiveness Of Productive ZIS Funds On SMEs Affected By Covid-19 Hakimi, Fifi; Niswah, Farokhah Muzayinatun; Mafruudloh, Naajihah
Jurnal Ilmiah Ekonomi Islam Vol 10, No 1 (2024): JIEI : Vol.10, No.1, 2024
Publisher : ITB AAS INDONESIA Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jiei.v10i1.12366

This study aims to determine how effective the distribution of productive zakat, infaq, alms funds to SMEs affected by COVID-19 and to find out the model for distributing ZIS productive funds in improving the welfare of SMEs. The method used is a mixed method to produce more comprehensive facts. This study indicates that in the empowerment program, there is a training program held by the amil zakat institution as a form of business assistance that can increase the income of mustahiq SMEs. This program has quite effective impact on SMEs affected by COVID-19. Researchers found an effective ZIS fund distribution mechanism model with a business assistantship that amil zakat institutions must carry out through business development training programs, spiritual improvement, and financial planning. This study aims to improve the skills, faith, and finances of the mustahiq so that they can achieve a level of welfare.

PENDAMPINGAN PENGELOLAAN BANK SAMPAH SEBAGAI POTENSI BISNIS IBU RUMAH TANGGA BERBASIS MAQASHID SYARIAH Hakimi, Fifi; Maf'ula, Faricha; Assadam, Elvina; Mafruudloh, Naajihah
Martabe : Jurnal Pengabdian Kepada Masyarakat Vol 8, No 2 (2025): MARTABE : JURNAL PENGABDIAN KEPADA MASYARAKAT
Publisher : Universitas Muhammadiyah Tapanuli Selatan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31604/jpm.v8i2.747-758

Kelompok Ibu Rumah Tangga Tim Penggerak Pemberdayaan dan Kesejahteraan Keluarga (TP-PKK) BPWIR Desa Pucakwangi berlokasi di Desa Pucakwangi, Kecamatan Babat, Kabupaten Lamongan mempunyai permasalahan yang serius mengenai limbah sampah yang terdapat pada lingkungannya. Pada wilayah tersebut menghasilkan kurang lebih tiga sampai lima kilo sampah organik dan anorganik per-hari yang diperoleh dari limbah rumah tangga. Dampak buruk dari hal ini dapat menimbulkan risiko penyakit, bau menyengat, permukiman kumuh, serta mencemari lingkungan termasuk selokan dan sungai. Program pendampingan ini memberikan pelatihan kepada ibu-ibu rumah tangga di TP-PKK BPWIR Puncakwangi agar bank sampah dapat beroperasi secara efektif, dan sampah yang dihasilkan dari kegiatan ini harus diolah secara produktif. Mayoritas subjek dampingan adalah ibu rumah tangga yang tinggal di rumah dan kurang memiliki kemandirian finansial. Oleh karena itu pendampingan ini bertujuan untuk memberikan pendampingan pengelolaan bank sampah sebagai usaha potensial bagi anggota TP-PKK BPWIR berdasarkan maqashid syariah untuk menyelesaikan permasalahan mitra. Hasil Kegiatan yang sudah dilakukan adalah penyuluhan prinsip zero waste; pelatihan dan percontohan pembuatan produk dari olahan limbah sambah; pelatihan pengelolaan manajemen bank sampah dengan pendekatan maqashid syariah; dan pelatihan digital marketing. Adapun produk dan inovasi yang sudah terlaksana dalam kegiatan ini adalah berbentuk sosialisasi, pelatihan, pembekalan penerapan zero waste dan pemilihan sampah di rumah, serta percontohan pembuat produk dari limbah sampah yang terdapat di rumah. Produk yang dihasilkan adalah berupa soft skill pembuatan produk yang bisa didagangkan yaitu sabun cuci pakaian dan lilin aromaterapi.

Problem and solution of stock waqf practice in Indonesia: Stakeholder's point of view Niswah, Farokhah Muzayinatun; Hakimi, Fifi; Fathurochman, Sarrah Fitrianni; Hafizah, Iffah; Indrawan , Imam Wahyudi
Journal of Islamic Economics Lariba Vol. 9 No. 2 (2023)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol9.iss2.art11

IntroductionThe flexibility of the cash waqf enables this Islamic social financial instrument to enter various sectors. Along with technological developments, various forms of cash waqf, such as stock waqf, have emerged. However, stock waqf practices in Indonesia face numerous challenges, leading to limited public awareness. This study aims to identify the primary problems and solutions in the practice of stock waqf in Indonesia.ObjectivesThe objective of this research is to examine the key problems and propose solutions for the practice of stock waqf in Indonesia by leveraging the Analytic Network Process (ANP) for data analysis. MethodThis study combines literature data with in-depth interviews involving stock waqf stakeholders, including the Indonesia Waqf Board (BWI), Indonesia Stock Exchange, waqf issuers, and stock waqf investors. The ANP method was used to analyze the data and identify priority issues and solutions.ResultsThe research reveals that the primary issue in stock waqf practice is low literacy about stock waqf, with the solution being the socialization of stock waqf and enhancing Sharia stock literacy. Additionally, the study identifies the low literacy of productive waqf, public doubts about the sharia compliance of stock waqf, nazir's limited understanding of stock waqf, and the lack of detailed regulations as significant challenges. Corresponding solutions include the socialization of productive waqf, education on Islamic capital market investments, improved nazir training, and the establishment of specific regulations for stock waqf. ImplicationsThe findings suggest that increasing public awareness and education about stock waqf and Sharia stocks, along with better training for nazir and clear regulations, are essential for optimizing the development of stock waqf in Indonesia. This study provides valuable references for BWI and the Indonesia Stock Exchange to enhance the practice and management of stock waqf.Originality/NoveltyThis study offers a comprehensive analysis of the problems and solutions for stock waqf in Indonesia from the perspective of stakeholders. This study contributes to the limited literature on individual stock waqf and employs the ANP method to propose practical solutions for improving stock waqf practices.

How Does the Performance of Islamic Microfinance Institutions Affect the Welfare of SMEs?: Empirical study of BTM Mulia Babat Hakimi, Fifi; Maf'ula, Faricha; Syahidin, M. Ramizal
Journal of Islamic Economic Laws Vol. 7 No. 02 (2024): July
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v7i02.6148

This study aims to assess the direct and indirect effectiveness of Islamic microfinance services, particularly financing products, in enhancing the welfare of small and medium-sized entrepreneurs (SMEs) in Lamongan, with Baitul Tamwil Muhammadiyah (BTM) Mulia Babat as the case study. The partial least square-structural equation modeling method is used in this quantitative study, examining data from 52 respondents, where the respondent data are BTM Mulia Babat business financing customers. The findings of this study found that Islamic microfinance services and business assistance directly have a positive impact on SMEs' increase in income. However, Islamic microfinance services and business assistance indirectly do not impact SMEs' welfare. Despite the increase in SMEs' income, it directly impacts SMEs' welfare. The novelty of this study is to identify the effectiveness of Islamic microfinance institutions in improving the welfare of SMEs. This study presents evidence of the impact of Islamic microfinance institutions on the welfare of micro and medium entrepreneurs. It can encourage more Islamic microfinance programs to offer feasible Islamic microfinance services as an alternative to boosting SMEs in the regions. This study's empirical implications and findings highlight the importance of business assistance from Islamic MIFs as business financing providers to support businesses.

Positive Effect of Attitude, Peer Influence, and Knowledge Zakat on Zakat Compliance Behavior: Update in Covid 19 Hakimi, Fifi; Widiastuti, Tika; Al-Mustofa, Muhammad Ubaidillah; Husanaa’, Rizqiyyah Al
Journal of Islamic Economic Laws Vol 4, No 2: July 2021
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v4i2.13859

This study aims to analyze the influence of the components of the Theory of Planned Behavior, which consists of positive attitude, peer influence, and zakat knowledge on the compliance behavior of paying zakat profession with the intention to pay zakat as an intervening variable update case in covid 19. This research is a quantitative study using the Partial Least Square-Structural Equation Modeling (PLS-SEM) technique. The sample used is 100 respondents based on the calculation of the Slovin formula with 129 respondents of zakat profession payers (muzakki) in Indonesia. Empirical findings indicate that a positive attitude and zakat knowledge positively and significantly affect the intention to pay zakat. The intention to pay zakat has a significant positive effect on the compliance behavior of paying zakat profession even during covid 19. Meanwhile, peer influence has no significant impact on the intention to pay zakat due to the Covid 19 era. Policymakers need to pay more attention to the factors that have been identified in this study as essential factors to become a reference in developing strategies to increase zakat collection. Zakat is one of potential Islamic social fund to eradicate poverty as impact of the Covid 19 pandemic.

THE IMPACT OF HALAL LABEL IN HALAL FOOD BUYING DECISIONS Millatina, Afifah Nur; Hakimi, Fifi; Budiantoro, Risanda Alirastra; Arifandi, Muhammad Rizky
Journal of Islamic Economic Laws Vol 5, No 1: January 2022
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v5i1.17139

The current development of the halal industry has experienced a very significant increase to attract the attention of various groups. Trend indicators from the halal business can be seen in seven industrial sectors that continue to show an increase, including Islamic financial services, Halal food and beverages, Halal tourism, fashion, halal media and recreation, and halal pharmaceuticals and cosmetics. This study aims to raise the importance of awareness of halal label on halal food and beverages in Indonesia. The quantitative research method used in this research is to apply Partial Least Square-Structural Equation Modeling (PLS-SEM) through Smart-PLS software. The sample of this research is 100, with the sampling technique used being non-probability sampling with the purposive sampling method. The results of this study are the significant influence of the halal label variable on purchase intention, purchase intention on buying decision, and the halal label variable on buying decision on halal food products in Indonesia. Alternatively, on product packaging, awareness of halal Indonesian society has begun to increase and make halal a lifestyle.

PENDAMPINGAN PENGELOLAAN BANK SAMPAH SEBAGAI POTENSI BISNIS IBU RUMAH TANGGA BERBASIS MAQASHID SYARIAH Hakimi, Fifi; Maf'ula, Faricha; Assadam, Elvina; Mafruudloh, Naajihah
Martabe : Jurnal Pengabdian Kepada Masyarakat Vol 8, No 2 (2025): MARTABE : JURNAL PENGABDIAN KEPADA MASYARAKAT
Publisher : Universitas Muhammadiyah Tapanuli Selatan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31604/jpm.v8i2.747-758

Kelompok Ibu Rumah Tangga Tim Penggerak Pemberdayaan dan Kesejahteraan Keluarga (TP-PKK) BPWIR Desa Pucakwangi berlokasi di Desa Pucakwangi, Kecamatan Babat, Kabupaten Lamongan mempunyai permasalahan yang serius mengenai limbah sampah yang terdapat pada lingkungannya. Pada wilayah tersebut menghasilkan kurang lebih tiga sampai lima kilo sampah organik dan anorganik per-hari yang diperoleh dari limbah rumah tangga. Dampak buruk dari hal ini dapat menimbulkan risiko penyakit, bau menyengat, permukiman kumuh, serta mencemari lingkungan termasuk selokan dan sungai. Program pendampingan ini memberikan pelatihan kepada ibu-ibu rumah tangga di TP-PKK BPWIR Puncakwangi agar bank sampah dapat beroperasi secara efektif, dan sampah yang dihasilkan dari kegiatan ini harus diolah secara produktif. Mayoritas subjek dampingan adalah ibu rumah tangga yang tinggal di rumah dan kurang memiliki kemandirian finansial. Oleh karena itu pendampingan ini bertujuan untuk memberikan pendampingan pengelolaan bank sampah sebagai usaha potensial bagi anggota TP-PKK BPWIR berdasarkan maqashid syariah untuk menyelesaikan permasalahan mitra. Hasil Kegiatan yang sudah dilakukan adalah penyuluhan prinsip zero waste; pelatihan dan percontohan pembuatan produk dari olahan limbah sambah; pelatihan pengelolaan manajemen bank sampah dengan pendekatan maqashid syariah; dan pelatihan digital marketing. Adapun produk dan inovasi yang sudah terlaksana dalam kegiatan ini adalah berbentuk sosialisasi, pelatihan, pembekalan penerapan zero waste dan pemilihan sampah di rumah, serta percontohan pembuat produk dari limbah sampah yang terdapat di rumah. Produk yang dihasilkan adalah berupa soft skill pembuatan produk yang bisa didagangkan yaitu sabun cuci pakaian dan lilin aromaterapi.

The Effectiveness Of Productive ZIS Funds On SMEs Affected By Covid-19 Hakimi, Fifi; Niswah, Farokhah Muzayinatun; Mafruudloh, Naajihah
Jurnal Ilmiah Ekonomi Islam Vol. 10 No. 1 (2024): JIEI : Vol.10, No.1, 2024
Publisher : ITB AAS INDONESIA Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jiei.v10i1.12366

This study aims to determine how effective the distribution of productive zakat, infaq, alms funds to SMEs affected by COVID-19 and to find out the model for distributing ZIS productive funds in improving the welfare of SMEs. The method used is a mixed method to produce more comprehensive facts. This study indicates that in the empowerment program, there is a training program held by the amil zakat institution as a form of business assistance that can increase the income of mustahiq SMEs. This program has quite effective impact on SMEs affected by COVID-19. Researchers found an effective ZIS fund distribution mechanism model with a business assistantship that amil zakat institutions must carry out through business development training programs, spiritual improvement, and financial planning. This study aims to improve the skills, faith, and finances of the mustahiq so that they can achieve a level of welfare.

SOCIALIZATION OF ISLAMIC FINANCIAL CONTRACTS AND PRODUCTS AS AN ENDEAVOR TO INCREASE FINANCIAL LITERACY IN RURAL AREA Faricha Maf'ula; Fifi Hakimi; Elvina Assadam
As-Sidanah Vol 5 No 2 (2023): OKTOBER
Publisher : LP2M Universitas Ibrahimy

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35316/assidanah.v5i2.491-502

Islamic financial literacy must be carried out massively in various communities. Islamic financial literacy is critical to improving Indonesia's Islamic financial ecosystem and meeting Indonesia's target of becoming a global Islamic economic and financial center by 2024. Therefore, this community service activity aims to conduct socialization in Islamic financial contracts and products to increase Islamic financial literacy in Indonesia in the women's community 'Aisyiyah Ranting Soko, Glagah, Lamongan, East Java. This activity used a service-learning approach with a form of socialization. The results of the community service showed that: (1) The mechanism for this activity was planning, implementation, and evaluation, which the assisted subjects could distinguish between conventional and Islamic finance, the concept of usury, and the supervisory board of Islamic financial institutions; and (2) there was a significant difference in the assisted subjects before and after socialization.

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