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A Framework To Analyse The Efficiency Of Baitul Maal wa Tamwil (BMT) As Islamic Microfinance Institutions in Indonesia Atiqi Chollisni Nasution
ISLAMINOMICS: JOURNAL OF ISLAMIC ECONOMICS, BUSINESS AND FINANCE Vol 4, No 3 (2013): ISLAMINOMICS: Journal of Islamic Economics, Business and Finance
Publisher : STES Islamic Village

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47903/ji.v4i3.25

Abstract

This paper aims to present a conceptual model on the efficiency of BMT asIslamic microfinance institutions in Indonesia. In the last twenty years, thegrowth of BMTs increase significantly and have contributed positively to thedevelopment of socio economic of the country. Recently, there are around4,000 BMTs operate and have enhanced thousand poor people life. BMTsresponsible in collecting, managing and distributing the funds either forcharity or providing financial services for the poor. The paper identifies theappropriate methods to evaluate efficiency of BMTs, such evaluation ofIslamic microfinance institution to function effectively to achieve socioeconomic objective. The findings are not only relevant and applicable toIndonesia but also to other muslim countries and would be useful for furtherempirical research in this area.
ALMAQASID ASSHARIA AS A BASIC DECISION MAKING ON SELECTING ISLAMIC PROPERTY Kiki Damayanti; Atiqi Chollisni Nasution
ISLAMINOMICS: JOURNAL OF ISLAMIC ECONOMICS, BUSINESS AND FINANCE Vol 9, No 2 (2019): ISLAMINOMICS: Journal of Islamic Economics, Business and Finance
Publisher : STES Islamic Village

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47903/ji.v9i2.81

Abstract

This study aims to analyze the role of Almaqasid assharia as a basic decision of Muslim consumers to choose property. The research method uses rating scale as a measuring tool to know the elements of maqashid al-syariah, these are consist of protecting the religion (hifdzu-din), protecting the soul (hifdzu-nafs), protecting the mind (hifdzu-'aql), protecting offspring (hifdzu-nasl), and protecting property (hifdzu-mal. The results of this study indicate that the elements of Maqashid al-Shariah play a very important role to influence Muslim consumer’s decision, especially from the element of protecting religion (hifdzu-din), protecting the property (hifdzu-mal), and protecting the offspring (hifdzu-nasl). The study expects that the results may enrich and expand further the future research in the same field. 
Efficiency of Baitul Maal wa Tamwil (BMT) as Islamic Microfinance Institution in Indonesia: An Application of Data Envelopment Analysis Atiqi Chollisni Nasution
ISLAMINOMICS: JOURNAL OF ISLAMIC ECONOMICS, BUSINESS AND FINANCE Vol 4, No 3 (2013): ISLAMINOMICS: Journal of Islamic Economics, Business and Finance
Publisher : STES Islamic Village

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47903/ji.v4i3.21

Abstract

The primary objectives of most microfinance program isalleviating the poverty by assisting the poor to be economicallyindependent. Different with conventional microfinance that offersthe financing scheme based on interest (read: riba), Islamicmicrofinance offers the financing scheme based on shariahprinciples to enhance the business development ofmicroentrepreneurs. Furthermore, Islamic microfinance assiststhe microentrepreneurs to applicate the Islamic ethics in dailylife that effects to press the number default of payment. Recently,there are around 4,000 Baitul Maal Wa Tamwil (BMTs) operateand have enhanced thousand poor people life in Indonesia. Theyare Islamic Microfinance Institutions (Islamic MFIs) thatresponsible in collecting, managing and distributing the fundseither for charity (e.g for the poorest) or providing financialservices for the microentrepreneurs. In addition, measuringefficiency of microfinance program is important to enable themicrofinance institutions (MFIs) to strengthen the management,generate sufficient profits and maintain efficient operations toensure its sustainability. The main aim of the paper is to examinethe efficiency of BMTs as Islamic microfinance institutions inIndonesia. Data Envelopment Analysis (DEA) is used to examinethe relative efficiency of the selected BMTs. DEA is a nonparametric method which utilize the linear programming methodto measure technical (technological) efficiency and requiresinputs and outputs data. Twelve large size BMTs are chosen as18ISLAMINOMIC JURNAL Jurnal Ekonomi dan Perbankan Syariahthe sample of the study and they have operated in the provincesof Indonesia with the highest number of poor people live. Thestudy indicated that financing and human resources are the basesof inefficiency in BMTs. Inefficient BMTs are expected tooptimize its operations by emulating the input minimization andoutput maximization practices adopted by efficient BMTs. Thefindings are not only relevant and applicable to Indonesia butalso to other muslim countries and would be useful for furtherempirical research in this area.
Melihat Tingkat Efisiensi Bus Di Indonesia Dengan Metode DEA Atiqi Chollisni; Aminuddin Aminuddin
ISLAMINOMICS: JOURNAL OF ISLAMIC ECONOMICS, BUSINESS AND FINANCE Vol 6, No 2 (2015): ISLAMINOMICS: Journal of Islamic Economics, Business and Finance
Publisher : STES Islamic Village

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47903/ji.v6i2.37

Abstract

Tingkat efisiensi Bank Umum Syariah (BUS) dan BankUmum Konvensional (BUK) di Indonesia dengan mengambil studikasus 5 BUS dan 5 BUK di Indonesia dengan total sampel 10 bank.Metode yang digunakan dalam penelitian ini adalah Multi StageDEA. Tahap pertama mengukur tingkat efisiensi BUS dan BUKdengan menggunakan DEA. Tahap kedua membandingkan tingkatefisiensi BUS dengan BUK.Hasil penghitungan DEA menunjukkan, efisiensi Variable Returnto Scale (VRS) efisiensi BUS mencapai 100%, sementara dariConstant Return to Scale (CRS) dan skala mengalami fluktuasi.Sementara BUK juga memiliki nilai rata-rata efisiensi yangfluktuatif selama periode amatan dari tiga bentuk efisiensi. Darihasil penelitian ini efisiensi BUS relatif lebih baik secara CRSmaupun VRS, tetapi secara skala BUK lebih stabil dan lebih efisiendibanding BUS.
Analisis Maqashid Al-Syari’ah Dalam Keputusan Konsumen Memilih Hunian Islami Pada Perumahan Vila Ilhami Tangerang Atiqi Chollisni; Kiki Damayanti
ISLAMINOMICS: JOURNAL OF ISLAMIC ECONOMICS, BUSINESS AND FINANCE Vol 7, No 1 (2016): ISLAMINOMICS: Journal of Islamic Economics, Business and Finance
Publisher : STES Islamic Village

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47903/ji.v7i1.47

Abstract

This research aims to develop a theory of the role of theMaqashid al-Sharia as the basis for the decision of a Muslim consumers.It includes protecting religion (hifdzu-din), protecting the soul (hifdzunafs), protecting the mind (hifdzu-'aql), protecting offspring (hifdzunasl), and protecting the property (hifdzu-mal). Muslim consumers havethe advantage that they meet their needs not just to meet the individualneeds (material), but also meet social needs (spiritual). In Islam, aMuslim consumer should reflect his relationship with God (hablu minaAllah) and man (hablu mina an-nas). This concept is not found inconventional consumer behavior. This research was conducted in theresidential property industry that creates Islamic house concept. Islamichouse concept is a residential concept based on sharia law. The researchmethod used rating scale as a measure to determine the elements of themaqasid al-shariah were most responsible for Muslim consumerdecisions. The results of this study indicate that the elements of theMaqasid al-Sharia is very important, especially from the element ofprotecting religion (hifdzu-din), then protecting the property (hifdzumal), and the last is to protecting offspring (hifdzu-nasl).
Comparison Analysis on the Success Rate of NPF and NPL in Microfinancing: Study Case of Bank Rakyat Indonesia (BRI) and BRI syariah Atiqi Chollisni Nasution; Dwi Kartika
ISLAMINOMICS: JOURNAL OF ISLAMIC ECONOMICS, BUSINESS AND FINANCE Vol 4, No 2 (2013): ISLAMINOMICS: Journal of Islamic Economics, Business and Finance
Publisher : STES Islamic Village

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47903/ji.v4i2.18

Abstract

This study aims to investigate and demonstrate empirically on thesuccess rate ratio of non-performing loan (NPL) or non-performingfinancing (NPF) micro financing between PT. BRISyariah Bankand PT. Bank Rakyat Indonesia (Persero) Tbk., During the periodDecember 2009 to 2012. This study is a comparative descriptivestudy. The data are secondary data in the form of financialstatements of earning assets by Bank Indonesia. Data analysis wasperformed using analysis of the ratio of Non Performing Financing(NPF) and NPL. Techniques analysis which used to compare thelevel of success NPF of microfinance BRI Shariah and BRI isMann-Whitney Test Method. The result shows that there aresignificant differences in the success rates of NPF micro financingbetween BRI Shariah and BRI. The study also concludes that thelevel of NPF/NPL of BRI Shariah is more eminent compare to BRI.However, refers to the provisions of Bank Indonesia that healthyor good NPF/NPL is ≤ 5%, BRI is still in ideal condition.
Pengaruh Corporate Governance (CG) Terhadap Peningkatan Kinerja Organisasi Badan Amil Zakat Nasional (Baznas) Kota Tangerang Atiqi Chollisni Nasution; Faizal Aditya Pratama
ISLAMINOMICS: JOURNAL OF ISLAMIC ECONOMICS, BUSINESS AND FINANCE Vol 11, No 2 (2021): ISLAMINOMICS: JOURNAL OF ISLAMIC ECONOMICS, BUSINESS AND FINANCE
Publisher : STES Islamic Village

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47903/islaminomics.v11i2.174

Abstract

This research aims to determine the factors of Corporate Governance (CG) on the Organizational Performance Improvement of the National Amil Zakat Agency (BAZNAS), Tangerang City. The variables used in this research are; accountability (X1), Transparency (X2), Responsibility (X3), Independence (X4), and Fairness (X5). The research was conducted by distributing questionnaires to all leaders and internal staff of the Tangerang City BAZNAS, totally 46 respondents. The method used in this research is a quantitative method with statistical testing using multiple linear regression models with the dependent variable increasing organizational performance (Y). the results of the research partially (t) show that the Good Corporate Governance (GCG) variables, namely; accountability (X1), Transparency (X2), Responsibility (X3), and Fairness (X5) have a significant effect on performance improvement (Y) of Tangerang City BAZNAS, while the independent variable; Independence (X4) has no significant effect, this is possible if the Tangerang City BAZNAS in its operations becomes too independent, it will affect its performance improvementPenelitian ini bertujuan untuk mengetahui faktor Corporate Governance (CG) Terhadap Peningkatan Kinerja Organiasi Badan Amil Zakat Nasional (Baznas) Kota Tangerang. Variabel yang digunakan dalam penelitian ini adalah Akuntabilitas (X1), Transparansi (X2), Tanggung Jawab (X3), Independen (X4) dan Keadilan (X5). Penelitian dilakukan dengan menyebar kuesioner kepada seluruh Pimpinan dan Staff internal Baznas Kota Tangerang sebanyak 46 responden sebagai responden dalam penelitian ini. Metode yang digunakan dalam penelitian ini adalah metode kuantitatif dengan pengujian statistik menggunakan model regresi linear berganda dengan variabel dependen Peningkatan Kinerja organisasi (Y). Penggunaan model regresi linear berganda digunakan untuk menguji pengaruh variabel independen dengan variabel dependen baik secara individual (parsial) maupun secara keseluruhan (simultan) dengan menggunakan software IBM SPSS 20. Hasil penelitian secara parsial (T) menunjukkan bahwa variabel Good Corporate Governance (GCG) yaitu Akuntabilitas (X1), Transparansi (X2), Tanggung Jawab (X3) dan Keadilan (X5) berpengaruh signifikan terhadap Peningkatan Kinerja (Y) BAZNAS Kota Tangerang, sedangkan variabel Independen (X4) tidak berpengaruh signifikan, hal ini dimungkinkan apabila BAZNAS Kota Tangerang didalam operasionalnya menjadi terlalu independen maka akan berpengaruh kepada peningkatan kinerja nya. Serta hasil secara simultan (F) yang menunjukkan variabel Akuntabilitas (X1), Transparansi (X2), Tanggung Jawab (X3), Independen (X4) dan Keadilan (X5) memiliki nilai F hitung > F tabel karena 39,914 > 2,44, dan nilai signifikan sebesar 0,000 < 0,05. Besarnya Adjusted R2 adalah 0,812 atau 81,2%. Hal ini menunjukkan bahwa 81,2% variasi kinerja organisasi pengelola zakat dapat dijelaskan oleh variasi dari kelima variabel, sedangkan sisanya 18,8% (100%-81,2%) dipengaruhi oleh variabel lain yang tidak diteliti dalam penelitian ini. 
The Art of Baitul MaalwaTamwil (BMT) as Islamic Microfinance Institution in Eradicating Poverty and the Framework to Analyse its Performance Atiqi Chollisni
ISLAMINOMICS: JOURNAL OF ISLAMIC ECONOMICS, BUSINESS AND FINANCE Vol 4, No 1 (2013): ISLAMINOMICS: Journal of Islamic Economics, Business and Finance
Publisher : STES Islamic Village

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47903/ji.v4i1.7

Abstract

The nature of microfinance is to provide financial services andassist the poor people to become economically independent.Different with conventional microfinance that offers thefinancing scheme based on interest (read;riba), Islamicmicrofinance offers the financing scheme based on shariahprinciples to enhance the development of microentrepreneurs.The paper aims to present the art of baitulmaalwatamwil (BMT)as Islamic microfinance institution in eradicating poverty andpropose a conceptual model on the performance of BMT byanalyzing its efficiency. In the last twenty years, the growth ofBMTs increase significantly and have contributed positively tothe development of socio economic in Indonesia. Recently, it isestimated 4,000 BMTs operated and have enhanced thousandpoor people life. The paper believes that Islamic ethics offers byBMTs have attracted and accepted by society. The paper alsoidentifies the appropriate methods to evaluate efficiency ofBMTs, such evaluation of Islamic microfinance institution tofunction effectively to achieve socio economic objective inorder to increase its performance. The findings are not onlyrelevant and applicable to Indonesia but also to other muslimcountries and would be useful for further empirical research inthis area.
Empowering Woman in Islamic Microfinance: Lesson from Grameen Bank in Bangladesh, BMT and MBK Venture Capital in Indonesia Atiqi Chollisni Nasution
ISLAMINOMICS: JOURNAL OF ISLAMIC ECONOMICS, BUSINESS AND FINANCE Vol 4, No 2 (2013): ISLAMINOMICS: Journal of Islamic Economics, Business and Finance
Publisher : STES Islamic Village

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47903/ji.v4i2.14

Abstract

Recently, microfinance have become an important component toreduce poverty. By involving the poor in the economic activities,most of microfinance institutions (MFIs) have succeeded inrunning their programs and have been flourished to improve thequality of poor people life. This study indicated that womenentrepreneurs have contributed positively either to householdincome or economic development. However, their contributionshave not optimalized yet in the microfinance program. The studyattempts to describe and review the microfinance program thatmight encourage the development of empowering women. Theobjective is to analyze the successful of microfinance programsthat have been applicated by some famous MFIs namely GrameenBank in Bangladesh, MBK Venture Capital and BMT (Baitul Maalwa Tamwil) in Indonesia. It is found that BMT’s marketingstrategy and MBK’s financing services are the suitable criteriasto enhance the number of women entrepreneurs and optimalize theprofitability of MFI. Meanwhile, Grameen Bank’s managementmodel is useful for minimizing the risk of microfinance program.
UPAYA PENINGKATAN NILAI JUAL CITRUK DI DESA RANCAIYUH KABUPATEN TANGERANG MELALUI DIGITAL MARKETING Nur Jamaludin; Fithri Wulandari; Atiqi Chollisni; Muhammad Istiqnan; Radika Susanti; Ilmi Nadiyah Mukhlis; Mohammad Farhan Mi’rajul Abdi; Siti Arkoyah; Syahrul Karim; Thaasa Sheeva Israfeli; Roisatun Nisa; Alfira Akbar Zhafrandito; Afifah Zhafirah; Putri Thoyyibah
Prosiding Seminar Nasional Pengabdian Kepada Masyarakat Vol 4 (2023): PROSIDING SEMINAR NASIONAL PENGABDIAN KEPADA MASYARAKAT - SNPPM2023
Publisher : Lembaga Penelitian dan Pengabdian kepada Masyarakat Universitas Negeri Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Abstrak Peningkatan kualiatas pengemasan produk menjadi salah satu upaya untuk meningkatkan nilai jual produk pelaku usaha mikro, penghasil makanan ringan Citruk di Desa RancaIyuh. Selama ini, Produk Citruk yang diproduksi dan diperjualbelikan oleh pengrajin tersebut tidak marketable sehingga sangat rendah nilai tambahnya bagi income pengrajinnya. Selain teknik pengemasan yang sangat tradisional, produsen citruk tersebut, masih belum memahami pemasaran secara digital sebagaimana banyak dilakukan oleh pengusaha yang sukses hari ini. Tujuan program pengabdian masyarakat melalui kegiatan Kuliah Kerja Nyata ini untuk mendampingi pelaku usaha UMKM Desa RancaIyuh dalam meningkatkan nilai jual produk Citruk pada kapasitas usaha UMKM melalui pendampingan re-branding, re-packaging, seminar dan pelatihan digitalisasi marketing, Metode pengabdian ini menggunakan metode Participatory Action Research (PAR), yaitu metode yang digunakan guna memecahkan masalah yang ada pada pelaku usaha produk Citruk dengan melibatkan banyak pihak yang berkaitan dengan peningkatan nilai jual para pelaku UMKM Citruk di Desa RancaIyuh, Kabupaten Tangerang. Hasil dari PKM ini adalah adanya peningkatan nilai jual pada pelaku UMKM Citruk dilakukan dengan inovasi produk pada re-branding menghasilkan logo baru dalam kemasan produk Citruk setelah melakukan re-packaging yang menghasilkan kemasan dengan tampilan produk lebih menarik dan dihasilkan dari penyajiannya yang kini menjadi berbagai macam varian rasa. Pelatihan dan seminar digitalisasi marketing menghasilkan pengetahuan dan skill dalam hal pemasaran online bagi para pelaku usaha Citruk hal ini dapat dilihat dari kemampuan pelaku usaha tersebut mendaftarkan brand-nya ke market place Shopee dan juga pembuatan instagram pemasaran. Dampak dari Pengabdian Kepada Masyarakat ini, Pemerintah Desa mampu mengembangkan pendampingan bagi usaha-usaha kecil lainnya sehingga ekonomi desa menjadi lebih tinggi pertumbuhannya. Abstract The enhancement of product packaging quality stands as a pivotal endeavor aimed at augmenting the market value of products produced by micro-entrepreneurs. This initiative specifically pertains to Citruk, a type of snack produced in RancaIyuh Village. Historically, Citruk products originating from local artisans failed to achieve marketability, thus resulting in a notably diminished value addition to their economic activities. Apart from employing traditional packaging techniques, Citruk producers have yet to embrace contemporary digital marketing strategies, which have proven instrumental for success in today's entrepreneurial landscape. The primary objective of this community engagement program, conducted through the prism of a Real Work Lecture (Kuliah Kerja Nyata - KKN), revolves around providing guidance and support to micro, small, and medium-sized enterprises (MSMEs) in RancaIyuh Village. The goal is to elevate the market value of Citruk products within the framework of these MSMEs. This elevation will be orchestrated through multifaceted interventions, including rebranding, repackaging, conducting seminars, and imparting training in digital marketing. Methodologically, this community engagement initiative deploys the Participatory Action Research (PAR) methodology. This approach involves the active involvement of diverse stakeholders in addressing the challenges faced by Citruk product producers. The overarching aim is to uplift the market value of Citruk products among MSME operators in RancaIyuh Village, situated within the jurisdiction of Tangerang Regency. The tangible outcomes of this community engagement project encompass a demonstrable increase in the market value of Citruk products. This achievement stems from innovative alterations during the rebranding phase, yielding a refreshed logo for Citruk product packaging following the process of repackaging. These alterations culminate in more visually appealing product packaging, accompanied by an expanded array of flavor variations. Furthermore, the training and seminars on digital marketing have succeeded in equipping Citruk business operators with the requisite knowledge and skills for effective online marketing. Evidently, this newfound competency is exemplified by their successful registration of their brands on the Shopee marketplace and the establishment of dedicated marketing Instagram accounts. The impact of Community Service like this is that the Village Government is able to develop support for other small businesses, thus boosting the economic growth of the village.