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MSMEs and Islamic Securities Crowdfunding: The Importance of Financial Literacy Majid, Rifaldi; Nugraha, Rizky Aditya
Muslim Business and Economics Review Vol. 1 No. 2 (2022)
Publisher : Universitas Islam Internasional Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56529/mber.v1i2.71

Abstract

The development of Islamic securities crowdfunding (I-SCF) financial technology has recently become a momentum for micro, small, and medium enterprises (MSMEs) in terms of fulfilling capital by issuing shares (sukuk) based on syariah principles. This research examines the role of Islamic financial literacy through the use of variables from the theory of planned behavior about the intentions of MSME actors to apply for capital through I-SCF. A total of 97 responses were collected from MSMEs owners/managers who have been in business for at least two years using an online questionnaire and then examined using structural equation modeling by SmartPLS. The results show that the variables of subjective norm, perceived behavioral control, and attitude toward behavior significantly influence the intention to obtain capital to expand one’s business. The primary finding of this research is that Islamic financial literacy has been experimentally shown to improve the desire of MSME players to expand their business capacity. There is thereby a need for continuous efforts from the Indonesian Financial Service Authority to collaborate with industry players, organising associations, and syariah scholars to boost Islamic financial literacy through sustainable education. In addition, efforts to maintain the uniqueness of I-SCF and its syariah compliancy must be supported by prospective I-SCF providers, even while awaiting their operational permits.
PELATIHAN PENDIRIAN BANK SAMPAH KEPADA MASYARAKAT SUSUKAN SIROTO KECAMATAN UNGARAN TIMUR KABUPATEN SEMARANG Atmanti, Hastarini Dwi; Rejekiningsih, Tri Wahyu; Muttaqin, Aris Anwaril; Majid, Rifaldi; Rinusara, Novita Mukti
Beujroh : Jurnal Pemberdayaan dan Pengabdian pada Masyarakat Vol. 2 No. 2 (2024): Beujroh : Jurnal Pemberdayaan dan Pengabdian pada Masyarakat
Publisher : Yayasan Sagita Akademia Maju

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61579/beujroh.v2i2.93

Abstract

This activity aims to promote clean living, raise community knowledge of environmental issues, and realize community welfare for the people living in Susukan Siroto, East Ungaran District, Semarang Regency, Central Java Province; in particular, the people living in RT 6 RW 2. The ability to oversee a waste bank devoted to inorganic waste is possessed by the residents. Community Development Practice is the approach taken, in which locals are asked to gain firsthand experience in managing a trash bank. Residents may now manage their waste as a result of this action. To sum up, citizens may manage their inorganic trash and place it in the waste bank, which will ultimately keep the environment clean and allow them to make extra money from the waste they place in the waste bank.
Key factors influencing Generation Z participation in Islamic mutual funds in Indonesia Majid, Haidar; Majid, Rifaldi
Asian Journal of Islamic Management (AJIM) VOLUME 7 ISSUE 2, 2025
Publisher : Faculty of Business & Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/AJIM.vol7.iss2.art9

Abstract

Purpose – This study aims to examine the influence of promotion, Sharia financial literacy, and risk on the investment decision of Generation Z in Islamic mutual funds through their Bibit application.Methodology – Thei study employed a quantitative approach involving 172 Generation Z respondents. Primary data were collected using questionnaires, and the analysis was conducted using structural equation modeling with partial least squares (SEM-PLS) through SmartPLS 3.2.9 to evaluate the relationships between variables.Findings – The results indicate that promotion, Sharia financial literacy, and perceived risk have a positive and significant effect on investment intention in Islamic mutual funds. Among these variables, Sharia financial literacy showed the strongest influence, followed by perceived risk and promotion. The positive effect of perceived risk suggests that Generation Z investors who are more aware of potential risks tend to exhibit higher investment decisions, as risk awareness enhances preparedness, confidence, and informed decision-making rather than discouraging participation. Implications – The strong effect of Sharia financial literacy underscores the importance of educational programs and financial knowledge dissemination targeted at Geineiration Z. Financial service providers are encouraged to einhancei promotional strategies and maintain transparent risk commuinication to build trust and increiasei participation in Islamic mutual funds.Originality – This reiseiarch einricheis thei liteiratuirei on Islamic digital investment behavior among Generation Z by integrating behavioral aspeicts of financial liteiracy and peirceiiveid risk in thei conteixt of digital inveistmeint applications. Thei stuidy provideis neiw insights into how youing, teichnology orieinteid Muislim inveistors eingagei with Sharia-compliant investment platforms.