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Wakalah bil Ujrah Perspective in the Sharia Compliance Analysis of Hajj Fund Placement within the Indonesia Investment Authority Lia Indah Khilmina Khilmina; Nanang Apriliyanto; Dul Jalil
Afaquna: Jurnal Cakrawala Islam Vol. 1 No. 1 (2026): Afaquna: Jurnal Cakrawala Islam
Publisher : Faculty of Islamic Studies

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51792/nmje7127

Abstract

This study aims to analyze the legal aspects and sharia compliance related to the placement of Hajj funds by the Hajj Financial Management Agency (BPKH) into the Sovereign Wealth Fund (SWF) or Investment Management Institution (LPI) for infrastructure financing. The main focus of this study is to review the implementation of the Wakalah bil Ujrah contract which forms the basis of the mandate for managing funds from pilgrims to BPKH, as well as compliance with the principle of prudent investment. The research method used is normative juridical with a statutory approach (statute approach) and a conceptual approach (conceptual approach). Secondary data were obtained through legal literature, laws and regulations such as Law No. 34 of 2014 concerning Hajj Financial Management, and Fatwas from the National Sharia Council-Indonesian Ulema Council (DSN-MUI). The research results indicate that legally, the placement of Hajj funds in a SWF is permissible as long as it meets the direct investment criteria stipulated in national regulations. However, from the perspective of the Wakalah bil Ujrah contract, the BPKH, as the representative, must ensure that the selected infrastructure sector has a measurable risk profile to avoid harming the trust of the Muwakkil (congregation). This placement must comply with the principles of Prudent Investment, which encompass aspects of liquidity, solvency, and yield. This research concludes that strict risk mitigation mechanisms and transparent reporting are necessary to ensure that investments in long-term infrastructure projects do not disrupt the availability of funds for the Hajj pilgrimage.
Determinan Keputusan Pelanggan dalam Menggunakan Rest Area Jalan Tol: Studi Pada Km 487 Trans Marga Jateng Intan Imam Sutanto; Teddy Taminudin Karim Hasibuan; Yani Susetyo; Yudho Purnomo; Nanang Apriliyanto
E-logis : Jurnal Ekonomi Logistik Vol. 8 No. 1 (2026): April : E-Logis : Jurnal Ekonomi Logistik
Publisher : STIE Cendekia Karya Utama

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70375/e-logis.v8i1.205

Abstract

Penelitian  ini bertujuan menganalisis pengaruh kualitas layanan, fasilitas, persepsi harga, dan lokasi terhadap keputusan pelanggan dalam menggunakan Rest Area KM 487 Trans Marga Jateng. Penelitian ini dilatarbelakangi oleh masih terbatasnya penelitian mengenai faktor penentu keputusan pelanggan pada layanan rest area jalan tol di Indonesia. Penelitian menggunakan pendekatan kuantitatif dengan metode deskriptif dan eksplanatori. Data dikumpulkan melalui kuesioner terstruktur kepada 90 responden yang dipilih menggunakan teknik purposive sampling berdasarkan rumus Green (1991). Analisis data dilakukan menggunakan regresi linear berganda yang didukung uji validitas, reliabilitas, dan uji asumsi klasik. Hasil penelitian menunjukkan bahwa kualitas layanan, persepsi harga, dan lokasi berpengaruh signifikan terhadap keputusan pelanggan, sedangkan fasilitas tidak berpengaruh signifikan. Secara simultan, seluruh variabel independen berpengaruh signifikan terhadap keputusan pelanggan dengan nilai F sebesar 65,055 dan R² sebesar 0,68. Temuan ini mengindikasikan bahwa fasilitas cenderung dipersepsikan sebagai atribut standar atau hygiene factor. Penelitian ini memberikan kontribusi terhadap pengembangan literatur perilaku konsumen pada konteks jasa transportasi serta implikasi praktis bagi pengelola rest area dalam meningkatkan kualitas layanan dan optimalisasi lokasi strategis.