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BEHAVIORAL INTENTION OF ISLAMIC PEER-TO-PEER LENDING SERVICES USERS Kurniaputri, Mega Rachma; Fatwa, Nur
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 8 No. 2 (2022): JULY - DECEMBER 2022
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v8i2.34212

Abstract

The fintech lending industry, as in non-bank financial institutions in Indonesia, has faced several problems, such as low financial literacy, constraints on the information system, weak scoring system, users data leakage, technology gaps with Islamic banks, and cases of default that make lenders disappointed and share it through social media. Although there are many problems, it does not reduce the intention of the lenders to lend their money through peer-to-peer lending as an alternative investment place. This research uses a quantitative descriptive method with the Partial Least Square - Structural Equation Modeling (PLS-SEM) technique. The study is conducted on 250 lenders in Indonesia who lend through Islamic peer-to-peer lending. Based on the results, lenders' intention is influenced by factors of effort expectancy, habit, and hedonic motivation. The lenders found that lending their money will improve their profit and make it easy to use. Meanwhile, facilitating conditions, habits, and behavioral intentions directly affect user behavior to continue to choose the Islamic peer-to-peer lending service that is already being used. The acceptance and use of lenders to use Islamic peer-to-peer lending are influenced by effort expectancy, habit, hedonic motivation, facilitating conditions, and behavioral intentions. This study is expected to be a recommendation for the financial technology industry to improve its services and facilities for users, particularly for lenders. In addition, this research can be an additional reference for regulators to make regulations related to Islamic financial technology, particularly for lenders in fintech lending.
Vector Autoregression Analysis of The Relationship Between Inflation Rate, Interest Rate, and Exchange Rate To The Jakarta Islamic Index Qurrota A'yun, Ajeng; Fatwa, Nur
Journal of Strategic and Global Studies Vol. 5, No. 1
Publisher : UI Scholars Hub

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Abstract

ABSTRACT The Indonesian Sharia Capital Market is an interesting thing to study because based on the 2019 Global Islamic Finance Report (GIFR) report, Indonesia is ranked first in the Global Sharia Financial Market. The Jakarta Islamic Index (JII) is the sharia stock index that was first launched on the Indonesian capital market on July 3, 2000 and only consisted of the 30 most liquid Islamic shares listed on the Indonesia Stock Exchange. This study will try to uncover how the relationship between macroeconomic variables in Indonesia by using Vector Autoregression (VAR) analysis and using monthly secondary data from 2012-2019. VAR analysis which has advantages including multivariate, free from spurious endogeneity and exogeneity variables and can detect relationships between variables in the equation system. The results of this study indicate that the JII of the previous period and the BI Rate have a positive influence on JII, while inflation and the Rupiah-US Dollar Exchange rate have a negative relationship with JII. The implication of the results of this study is to strengthen the rupiah price which greatly affects JII. Keywords: Shariah stock, JII, Macroeconomics, VAR.
Factors Determining HIMBARA Bank Resilience: The Effect of Regulation, Adaptiveness, Assets, and Speed Abiwodo; Subroto, Athor; Umanto; Fatwa, Nur
Jurnal Ilmiah Akuntansi Kesatuan Vol. 13 No. 6 (2025): JIAKES Edisi Desember 2025
Publisher : Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jiakes.v13i6.4648

Abstract

Banks play a central role in supporting economic growth by collecting and channeling public funds while maintaining customer trust. In Indonesia, state-owned banks face continuing pressure from economic uncertainty and rapid digital change, making their resilience a critical issue for national financial stability. This study aims to identify the key factors that determine the resilience of the four major state-owned banks and to examine how company performance and risk mediate these relationships. The research used questionnaires completed by 100 senior bank officials holding positions from Assistant Vice President level and above. Data were analysed using Structural Equation Modelling with Partial Least Squares. The results show that only six of the fourteen proposed hypotheses are supported. Regulation significantly improves company performance, while larger assets and faster response speed increase risk. Response speed directly strengthens bank resilience, and both company performance and risk significantly influence resilience. Adaptability, surprisingly, has no significant effect on any of the measured outcomes. The findings highlight that strong regulation, careful asset growth, and quick response capability are the most important drivers of resilience in Indonesian state-owned banks. Managers and regulators should focus on these three areas to ensure the banks remain stable and able to support long-term economic recovery.
Qawāʿid al-Fiqh on Government Energy Subsidies: Controlling Inflation Amid Economic Recovery Firdaus, Nuzulul; Fatwa, Nur
Journal Of Middle East and Islamic Studies
Publisher : UI Scholars Hub

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Abstract

The war between Russia and Ukraine significantly affected world life, one of which was the increase in world oil energy prices. Indonesia, in this case, which still imports a lot of energy, is also affected. The government needs to implement policies to face these global challenges, one of which is to provide subsidies for energy so that state budget funds can assist people's purchasing power for energy because if not, this will lead to an increase in the prices of goods and services so that there will be inflation. Still, on the other hand, Indonesia is also carrying out a post-pandemic economic recovery. So that the government is right in carrying out policies, Islamic Economics views this case through sharia principles. This article uses a multidisciplinary approach. The method used is qualitative with a literature study approach. The theory used is the Rules of Qowaid Al-Fiqh, harmonized with Islamic economics. This article highlights that the principles of Islam can also be used in government policies regarding the economy.
The Important Role of Strategic Management in Product Development Afriati, Shofie; Fatwa, Nur; Rizqullah, Rizqullah
Enrichment: Journal of Multidisciplinary Research and Development Vol. 3 No. 11 (2026): Enrichment: Journal of Multidisciplinary Research and Development
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/enrichment.v3i11.629

Abstract

Product development in the digital and global era faces the dynamics of VUCA that demand organizations align long-term vision with innovation, resources, and governance decisions. Without a strategic framework, product development tends to be reactive, inconsistent, and vulnerable to market changes. Objective: This article describes the role of strategic management in product development as well as how management functions (POAC) and SWOT analysis can be used to strengthen competitiveness. The research uses a descriptive-analytical approach through literature studies and field research in the form of interviews, observations, and documentation on the Human Capital unit at a state-owned bank and supporting companies. The data are analyzed by reduction, presentation, and drawing conclusions. The findings confirm that integrated planning, organizing, actuating, and controlling guide product development decision-making, while SWOT helps map internal strengths and weaknesses and external opportunities and threats to formulate strategy priorities. From an Islamic perspective, the concept of al-governance emphasizes order, trust, and deliberation so that strategic practices have an ethical dimension that strengthens organizational discipline and accountability in decision-making. The VUCA framework clarifies the need for agility, scenario planning, data-driven decision-making, collaboration, and resilience for organizations to be able to adapt and innovate. Strategic management serves as a mechanism for aligning goals, strategies, and evaluations that improve organizational resilience and product development effectiveness in complex business environments.