Firmansyah Firmansyah
Universitas Pendidikan Indonesia, Bandung, Indonesia

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PERFORMANCE OF ZAKAT INSTITUTIONS: MODIFICATION OF THE IZN (SURVEY AT NATIONAL BOARD OF ZAKAT AND LAZIS IN KEBUMEN REGENCY) Siti Maryam; Hilda Monoarfa; Firmansyah Firmansyah
TSARWATICA (Islamic Economic, Accounting, and Management Journal) Vol 3 No 1 (2021)
Publisher : STIESA Press

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Abstract

Nowadays, the growth of the Zakat Management Organization (OPZ) in Indonesia can be said as a positive indication. However, the utilization of collected ZIS funds has not been optimal and is still far from its potential. This is related to the performance of zakat institutions which are supported by all elements; a society in the aggregation and its institution. That is why the measuring instrument is needed to make the performance of zakat can be more optimal. This study aims to analyze the performance of zakat institutions in Kebumen District in purpose describe perform of the zakat institution. This study used primary data from interviewing the leaders and questionnaires with 200 respondents at BAZNAS and LAZISMU, Kebumen district. The three variables used in this study are a database of institutions, institutional, and impact of zakat on the community of mustahik. The method is a method of measuring performance by using a modified measurement of the National Zakat Index (IZN). The results of this study indicated that BAZNAS in Kebumen district has a performance index value in the good category, and LAZISMU in Kebumen district has a good performance index value. These results is affected by the differential of institutional variable values between BAZNAS and LAZISMU.
THE EFFECT OF INTEREST RATE, INFLATION RATE AND RUPIAH EXCHANGE RATE ON INVESTMENT RESULTS IN SHARIA LIFE INSURANCE COMPANIES IN INDONESIA Dimas Alif Putra; Juliana Juliana; Firmansyah Firmansyah; Ropi Marlina
TSARWATICA (Islamic Economic, Accounting, and Management Journal) Vol 5 No 1 (2023)
Publisher : STIESA Press

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This study aims to analyze the effect of interest rates, inflation rates and the rupiah exchange rate on investment returns in Islamic life insurance companies in Indonesia in 2016 – 2020. The data collection in this study used secondary data obtained from the Islamic Non-Bank Financial Industry (IKNB Syariah), and Bank Indonesia. The research method used is quantitative with a causal approach. The analytical tools used are: Eviews software version 10. The results of this study indicate that: First, interest rates have a positive and insignificant effect on investment returns, second, inflation rates have a negative and significant effect on investment returns. Third, the Rupiah Exchange Rate has a negative and significant effect on investment returns. The implications of this research show that. The low interest rate in 2020 makes the decline in investment returns also decrease in 2020. In addition, the negative impact of the inflation rate on investment returns is because high inflation will increase the risk of investment returns, if the risk of investment returns is high, Islamic life insurance companies will transfer funds to other insurance instruments. As for the weakening of the rupiah exchange rate, insurance companies will reduce the allocation of capital to investment, if the allocation of investment capital decreases, it will reduce the investment returns they get.