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Peran Keuangan Syariah dalam Mitigasi Perubahan Iklim Global Irfany, Mohammad iqbal; Ramadhini, Fiona
Policy Brief Pertanian, Kelautan, dan Biosains Tropika Vol 7 No 1 (2025): Policy Brief Pertanian, Kelautan dan Biosains Tropika
Publisher : Direktorat Kajian Strategis dan Reputasi Akademik IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/agro-maritim.0701.1164-1170

Abstract

Degradasi lingkungan tetap menjadi tantangan utama di negara-negara OKI. Studi ini menemukan bahwa asetkeuangan syariah berkontribusi pada pengurangan emisi CO₂ dengan mendukung investasi hijau, sementarapembiayaan perbankan syariah masih terbatas dalam mendanai proyek rendah karbon. Di sisi lain,pertumbuhan PDB meningkatkan emisi, meskipun FDI, urbanisasi, dan kawasan hutan berkontribusi dalampenurunannya. Saat ini, kebijakan lingkungan di negara OKI masih terfragmentasi, dengan beberapa negaramulai menerapkan regulasi sukuk hijau dan insentif pembiayaan hijau, seperti Malaysia dan Indonesia.Namun, kesenjangan dalam standar regulasi, keterbatasan instrumen, serta kurangnya insentif bagi lembagakeuangan syariah masih menghambat efektivitasnya. Keuangan syariah berpotensi mengisi celah ini denganmemperkuat peran sukuk hijau, memperluas kebijakan insentif pajak, serta meningkatkan kapasitas lembagakeuangan syariah dalam mendukung transisi menuju ekonomi rendah karbon.
The Effect of Bank Syariah Indonesia Merger on Financing in Indonesia Achsani, Muhammad Nur Faaiz Fathah; Irfany, Mohammad Iqbal
Ekonomi Islam Indonesia Vol. 7 No. 1 (2025): Ekonomi Islam Indonesia
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/eii.v7i1.587

Abstract

This study aims to examine the impact of the merger of three state-owned Islamic banks on financing in Indonesia’s Islamic banking sector, while also analyzing the role of macroeconomic and bank-specific factors. The study employs time-series data and applies the Auto-Regressive Distributed Lag (ARDL) bounds testing approach to analyze short- and long-term relationships between financing and various macroeconomic and bank-specific variables. The results show that in the short run, the merger did not have an immediate effect on financing, with key variables such as asset size, non-performing financing (NPF), exchange rates, and the unemployment rate significantly influencing financing. In the long run, asset size and NPF positively and negatively impacted financing, respectively, while the exchange rate negatively influenced financing. The merger itself showed no significant long- term effect, likely due to the bank focusing on internal consolidation rather than expanding financing or market share. This study provides insights into the immediate and long-term impacts of bank mergers in the context of Islamic banking, emphasizing the role of macroeconomic factors and internal consolidation processes. The findings offer valuable guidance for policymakers, regulators, banks, and stakeholders in the Islamic banking industry.
The Impact of Socioeconomic and Behavioral Factors on Health Indicators in OIC Countries Susanto, Astiani; Irfany, Mohammad Iqbal; Camara, Bumi; Haq, Daffa Aqomal
AL-MUZARA'AH Vol. 13 No. 1 (2025): AL-MUZARA'AH (June 2025)
Publisher : Department of Islamic Economics, IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jam.13.1.27-46

Abstract

Health sector indicators are important basis of determining the overall state of a nation’s wealth and welfare. Apart from this broad and conventional perspective on the role of health, in many Islamic countries, health is also part of objective of ‘maqashid sharia’ that needs to be maintained to sustain life. Accordingly, countries invest substantial share of national resources to sustain critical health systems. Notwithstanding these commitments, health service delivery remains a major challenge in these countries, as indicated by the low average life expectancy and the high mortality rate caused by communicable diseases. This study aims to describe and analyze the factors influencing health outcomes, namely life expectancy and mortality rate, in Muslim countries using secondary data from 46 OIC countries from 2010-2018. Employing panel data estimation, the study finds evidence suggesting the important role of a nation’s wealth, health expenditure, educational achievement and the prevalence of smoking as important determinants of life expectancy in OIC countries. In particular, the results show that high incidence of communicable diseases in countries with lower than mean years of schooling and those with significantly wide prevalence of smoking habits may have contributed to high mortality in these countries.
Intellectual Capital and Profitability of Islamic Commercial Banks in Indonesia: Izzuddin, Ahmad; Irfany, Mohammad Iqbal
Review on Islamic Accounting Vol. 5 No. 1 (2025): Review on Islamic Accounting
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/ria.v5i1.599

Abstract

The aim of this study is to investigate the impact of intellectual capital on the profitability of Indonesian Islamic Commercial Banks (BUS), highlighting the significance of intangible assets in enhancing financial performance. Utilizing regression analysis, this study scrutinizes secondary data from BUS's quarterly financial reports between 2015-2020, focusing on the impact of Value Added Intellectual Capital (VAIC), Non-Performing Financing (NPF), and Capital Adequacy Ratio (CAR) on Return on Assets (ROA). The study reveals that VAIC has a significant positive effect on ROA, indicating that effective management of intellectual capital can enhance profitability. Conversely, NPF shows a significant negative impact on ROA, while CAR does not significantly affect ROA. The combined influence of GDP, CAR, NPF, and VAIC explains a substantial portion of the variance in ROA. The scope is confined to BUS within 2015-2020. Future research could extend globally and incorporate more variables to enrich insights. Islamic banks should prioritize the effective management of intellectual capital, particularly human resources, to boost profitability and gain a competitive edge. Regulatory bodies, like the OJK, are recommended to establish policies that support and guide the management of intellectual capital within the banking sector.This study provides novel insights into the significance of intellectual capital in improving the profitability of Indonesian Islamic banks, emphasizing the need for effective management strategies and regulatory policies to enhance the sector's performance and contribution to economic growth.
Halal cosmetics' willingness to pay for the muslim millenial generation: Lessons from Bogor Regency, Indonesia Ramdhani, Arlita; Nursyamsiyah, Tita; Irfany, Mohammad Iqbal; Haq, Daffa Aqomal
Annals of Management and Organization Research Vol. 6 No. 4 (2025): May
Publisher : goodwood publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/amor.v6i4.2298

Abstract

Purpose: This study investigates the willingness to pay (WTP) of the Muslim millennial generation in Bogor Regency, Indonesia, for halal-certified cosmetics and analyzes the factors influencing this decision. Research Methodology: Using primary data from 100 millennial respondents collected through questionnaires, this study applied the Contingent Valuation Method (CVM) to determine WTP values. Structural equation model-partial least squares (SEM-PLS) was employed to analyze the relationship between WTP and influencing factors, including the perception of halal labels, brand image, attitude, and customer perceived value. Results: The findings indicated that millennials’ average WTP for halal-certified cosmetics was IDR 25,700. The perception of halal labels and customer-perceived value positively impact WTP, whereas brand image and attitude are not significant determinants. Conclusions: Based on these results, it can be concluded that the WTP value of the millennial generation in Bogor Regency for halal cosmetics is 25,700 per product. Limitations: This study focuses on a single region within Bogor, which limits its generalizability. Further studies should explore other regions and demographics in order to obtain broader insights. Contribution:  This study contributes to the understanding of consumer behavior regarding halal products, highlighting the importance of halal certification and perceived value. The findings could support manufacturers in improving marketing strategies and encourage policymakers to facilitate accessibility to halal certification and enhance the demand for halal products.
Internal and External Factors Affecting Banking Profitability: Evidence from Dual Banking System in Indonesia Ikhsana, Nadya Ramadhani; Achsani, Noer Azam; Irfany, Mohammad Iqbal
Islamic Economics Methodology Vol. 4 No. 1 (2025): Islamic Economics Methodology
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/iem.v4i1.612

Abstract

Implementing the dual banking system in Indonesia offers options for customers to use banking services. Before selecting which service to use, customers should perceive each bank's advantages and disadvantages. It can be carried out by conducting a performance evaluation of each bank that generates high profitability measured by the Return on Assets (ROA) value. This study aims to perform internal and external factors analysis that affect bank profitability and to compare profitability between Islamic and Conventional banking in Indonesia using the Vector Error Correction Model (VECM) method. The result shows that variable Capital Adequacy Ratio (CAR) and Financing to Deposit Ratio (FDR) have a significant positive effect on Islamic Model in the long term, whereas policy rate and oil price (COP) hold a significant negative effect. In the Conventional Model, variable CAR, policy rate, and COP hold a significant positive effect, while the exchange rate shows a negative effect. FEVD results indicate that in Islamic Model, the diversity of banking profitability can be explained by various variables, indicating that Islamic banking is more engaged in the real sector than conventional banking.
Strategi Pengembangan Green Waqf dalam Mendukung SDG 15 di Indonesia Ningsih, Sri Rahayu; Irfany, Mohammad Iqbal; Rusydiana, Aam Slamet; Hasanah, Qoriatul
Policy Brief Pertanian, Kelautan, dan Biosains Tropika Vol 4 No 4 (2022): Policy Brief Pertanian, Kelautan dan Biosains Tropika
Publisher : Direktorat Kajian Strategis dan Reputasi Akademik IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/agro-maritim.0404.420-426

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Risalah ini mengidentifikasi faktor kunci dalam pengembangan Green Waqf di Indonesia, sebagai salah satu instrumen keuangan syariah inovatif dan berkelanjutan. Terdapat lima faktor mendasar yang diidentifikasi dalam pengembangan Green Waqf di Indonesia yakni: kebutuhan, kendala, tujuan, program, dan stakeholder yang terlibat. Risalah ini merekomendasikan urutan landasan terpenting dalam pengembangan Green Waqf di Indonesia adalah adanya payung hukum Green Waqf sebagai legalitas berkembangnya di Indonesia, ditunjang urgensi regulasi Green Waqf. Praktisi juga dituntut mengupayakan terlaksananya inovasi program Green Waqf, dan akademisi berkontribusi dalam penelitian dan menciptakan SDM yang mendukung berkembangnya Green Waqf di Indonesia.
Sharia hotel preferences among tourists in Bogor City: Factors and insights Luthfiana, Alda; Wiliasih, Ranti; Irfany, Mohammad Iqbal; Haq, Daffa Aqomal
Journal of Sustainable Tourism and Entrepreneurship Vol. 4 No. 1 (2022): September
Publisher : Goodwood Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/joste.v4i1.1654

Abstract

Purpose: The objective of this study is to examine the factors influencing consumer demand for Sharia hotel services in Bogor City and their characteristics to provide invaluable guidance for related parties. Research Methodology:  This study employs descriptive and multiple regression analyses using data collected from Sharia hotel consumers in Bogor City using a convenience sampling technique with 59 samples. Results: The results show that consumers of Sharia hotels in Bogor City use conventional hotel services more often than Sharia hotels. The factors influencing tourists’ use of Sharia hotel services in Bogor City are the relative prices of Sharia hotels to conventional hotels, knowledge, religiosity, service quality, and facilities owned by Sharia hotels. Limitations: The study is geographically confined to three specific Sharia hotels in Bogor City: Sahira Hotel, Sahira Butik Hotel Bogor, and Sahira Butik Hotel Pakuan, which may not be representative of sharia hotels in other regions. Contributions: Offers insights into consumer behavior in Bogor City's Sharia hotel sector, aiding future business and policy decisions in halal tourism.
How different believers’ perceptions of choosing halal hotels an empirical analysis of non-muslim customers in Jakarta Ulfa, Nadiya; Arsyianti, Laily Dwi; Irfany, Mohammad Iqbal; Haq, Daffa Aqomal
Journal of Sustainable Tourism and Entrepreneurship Vol. 4 No. 1 (2022): September
Publisher : Goodwood Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/joste.v4i1.1664

Abstract

Purpose: The primary objective of this study was to understand the factors that influence non-Muslim clients' perceptions of halal hotels in DKI Jakarta, Indonesia. Research Methodology:  Data were collected using questionnaires from 95 hotel guests in the DKI Jakarta region. Descriptive analysis and logistic regression were employed as analytical methods. Results: The results of the logistic regression revealed that education level and cost of hotel stay are significant determinants of non-Muslim consumers' selection of halal hotels. Limitations: This study was limited by its sample size of 95 visitors and geographical restrictions on the DKI Jakarta area. These variables may have affected the generalizability of our results. Contributions: This research enriches the halal tourism domain by elucidating non-Muslim guests' views on halal hotels and offering invaluable guidance for hoteliers, tourism entities, and policymakers to expand their target clientele in halal travel. Novelty: The novelty of this study lies in its focus on non-Muslim consumer perceptions, providing empirical evidence on how education and price influence hotel selection in the context of halal tourism.
Halal procurement strategy in the food industry in Indonesia Indriansyah, Albertty; Irfany, Mohammad Iqbal; Tieman, Marco
Halal Studies and Society Vol 1 No 2 (2024): May 2024
Publisher : IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/hass.1.2.19-23

Abstract

Indonesia is a Muslim-majority country with significant potential to develop a solid halal industry. A critical area for growth in this sector is halal procurement, which has been observed to remain under-researched, particularly in the Indonesian context. Therefore, this study aims to address the gap by identifying challenges and proposing strategic solutions for halal procurement in the food industry of the nation. To achieve the stated objective, data was collected through expert interviews, Analytical Network Process (ANP) was adopted as the decision-making methodology, and Strength, Weakness, Opportunity, and Threat (SWOT) analysis was carried out. The results showed that strength factor was the first priority in advancing halal procurement in food sector in Indonesia. Specifically, the most influential factors identified include the availability of raw materials, the lack of value-added commodities, the guarantee of continuous raw material supply, and the presence of numerous global competitors, all of which served as the strength, Weakness, Opportunity, and Threat to the halal food industry.
Co-Authors Aam Slamet Rusydiana Aam Slamet Rusydiana Aam Slamet Rusydiana, Aam Slamet Aceng Hidayat Achsani, Muhammad Nur Faaiz Fathah Afiana, Riyyun Ahmad Fadli Alghifari Ahmad Izzuddin Ahmad syahirul Alim Aisyah, Tasya Nur Al Muharram, Muhammad Shiddiq Al Zahroh, Dina Naba Albajili, Abi Nubli Alda Luthfiana Alghifari, Ahmad Fadli Amirah, Nurul Anggini, Karlita Anggraini, Lilik Asep Nurhalim Aulia Nur Cahyani Cahyaningrum, Laeli Dyah Tantri Camara, Bumi Daffa Aqomal Haq Daffa Aqomal Haq Danang Aria Nugroho Desvita Resti Faniqotuni'mah Dharmarianti, Dian Putri Edi Santosa Eka Maulidiya, Sherly Erliza Noor Fadhila Meithasari Nurtjahjo Fitri, Resfa Fitriyatustany Fitriyatustany Handian Purwawangsa Haq, Daffa Aqomal Hasanah, Qoriatul Herlin, Herlin Hutajulu, Ivonia R. Ikhsana, Nadya Ramadhani Indah Sulistya Indriansyah, Albertty Intan Aulia Ardhani Irfan Syauqi Beik Isbayu, Muhammad Izzah, Hanifah Nurul JAENAL EFFENDI Laily Dwi Arsyianti Luthfiana, Alda Maulidiya, Sherly Eka Mayadis, Diki Candra Melinda, Vera Muhammad Afif Fathin Ridho Muhammad Afifuddin Abdurrosyid Kamil Muhammad Fikra Yafi Ulhaqqi Muhammad Fikra Yafi Ulhaqqi Muhammad Fikra Yafi Ulhaqqi Muhammad Wildan Syakuro Muslich, Muhammad Ayyub Mustika Mustika Mustika Mustika Muthohharoh, Marhamah Muti’ah Hajar Izzati Nadiya Ulfa Neneng Hasanah Neneng Hasanah Ningsih, Sri Rahayu Noer Azam Achsani Nur Wulan Nuraeni Nuraeni Nursyamsiyah, Tita Oktaviona, Winda Priyanto, Anindia Meil Probokawuryan, Mutiara Putri, Fatimah Iskandar Putri, Syifa Izzati Anzania Putri, Uly Anggraeni Qoriatul Hasanah Rafki, Muhammad Rahmawati, Nur Fajri Ramadhini, Fiona Ramadini, Kintan Nur Ramdhani, Arlita Ranti Wiliasih Ranti Wiliasih Rezkyarta, Alif Rosmala, Novia Setiawan, Alfianto Hendry Shatrie, Firly Mariska Sherly Eka Maulidiya Siti Rahmawati Sofina Mujadiddah Sri Rahayu Sri Rahayu Ningsih Susanto, Astiani Sutito, Yolanda M. M. Suwandi, Syifa Damaianti Syamsul Hidayat Pasaribu Tamaulina Br Sembiring Tiara Early Afifah Tieman, Marco Tita Nursyamsiah Tita Nursyamsiah, Tita Tsany, Fadhlan Tsany, Fadhlan Muhammad Ulfa, Nadiya Ulhaqqi, Muhammad Fikra Yafi Vitriara Ahsana Nadya Widya Syafitri Zidan, Muhamad