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Inklusifitas Keuangan Syariah dan Kemiskinan di Indonesia Iskandar, Azwar; Possumah, Bayu Taufiq
NUKHBATUL 'ULUM: Jurnal Bidang Kajian Islam Vol 4 No 2 (2018): NUKHBATUL 'ULUM: Jurnal Bidang Kajian Islam
Publisher : Pusat Penelitian dan Pengabdian Masyarakat (P3M) Sekolah Tinggi Ilmu Islam dan Bahasa Arab (STIBA) Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (494.735 KB) | DOI: 10.36701/nukhbah.v4i2.38

Abstract

This paper aims at calculating and analyzing the Index of Syariah Financial Inclusion (ISFI) during the period of 2015-2018 and its correlation with poverty level in Indonesia. Using the secondary data of 33 provinces in Indonesia from Badan Pusat Statistik (BPS), Bank Indonesia and Otoritas Jasa Keuangan (OJK) and Index of Financial Inclusion (IFI) method, this paper found that the Index of Syariah Financial Inclusion is generally low and DKI Jakarta is the most financially inclusive province of Indonesia. Furthermore, the results show that the Index of Syariah Financial Inclusion is negatively correlated with the poverty level. This conclusion suggests the promotion of Syariah Financial Inclusion to be a policy priority in Indonesia to achieve the central goals of inclusive growth, welfare and economic development.
STRATEGI PENGELOLAAN ZAKAT: ANALISIS KOMPARASI ERA KHALIFAH UMAR BIN ABDUL AZIZ DAN ERA SEKARANG DI INDONESIA Mochammad Ridhwan Musthofa; Possumah, Bayu Taufiq
Jemasi: Jurnal Ekonomi Manajemen dan Akuntansi Vol 16 No 1 (2020): Jemasi: Jurnal Ekonomi Manajemen dan Akuntansi
Publisher : Fakultas Ekonomi Universitas IBA

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (383.016 KB) | DOI: 10.35449/jemasi.v16i1.57

Abstract

Indonesia is a country with the largest number of Muslims in the world, this makes the potential of zakat in Indonesia reach 233.8 T. Caliph Umar bin Abdul Aziz is one of the successful caliphs in managing zakat. This study aims to determine the management strategy and distribution of zakat during the caliphate and in Indonesia, which then analyzed the possibility of its application in Indonesia. This analysis uses qualitative methods with literature review and content analysis analysis tools. The results of this study indicate that the fundamental factor of the success of the caliph in the management of zakat is in the legal system governed by the government. So that in the collection, management and distribution becomes centralized. In addition, public trust in the government also determines the success of the caliph in managing zakat.
Rethinking Islamic Economic and Finance Practices in Indonesia: Some Critical Reviews Iskandar, Azwar; Possumah, Bayu Taufiq; Arifuddin, Arfan
International Journal of Islamic Business and Economics (IJIBEC) Vol 4 No 2 (2020): IJIBEC VOL. 4 NO. 2 DECEMBER 2020
Publisher : Faculty of Islamic Economics and Business of Institut Agama Islam Negeri (IAIN) Pekalongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28918/ijibec.v4i2.2751

Abstract

This research aimed to review and highlight some issues related to Islamic economic and finance practices in Indonesia. This research used qualitative-descriptive approach with content analysis, library research and critical studies method. This research found some critical points on islamic economic and finance practices in Indonesia, such as (i) islamic banking in Indonesia shows inconsistencies and unwillingly implementation; (ii) the Islamic economics practices not going too far from around financial sector (iii) the practice of islamic finance in indonesia is mostly focused on the Islamic Commercial Finance (ICF) sector and less concerned with Islamic Social Finance (ISF); (iv) shariah financial institutions is more precisely than what is called ”shariah bank” (v) epistemological problems in the islamic economics curriculum need to be answered and resolved to avoid a contraproductive output from its fundamental purposes. It is necessary to conduct re-orientation of sharia banking in order to strengthen the vision of sharia banking. All involving parties should be able to corporate, among them are academics, practitioners, governments, and, moreover, the role of scholars and organizations. It is reorientation and synergy of these parties which shall solve the problem of half-hearted implementation of banking and answer all criticism directed to the sharia banking all this time
ISLAMIC FINANCIAL DEVELOPMENT AND INCOME INEQUALITY IN INDONESIA Azwar, Azwar; Possumah, Bayu Taufiq; Aqbar, Khaerul
IJIBE (International Journal of Islamic Business Ethics) Vol 7, No 2 (2022): September 2022
Publisher : UNISSULA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30659/ijibe.7.2.108-124

Abstract

The objective of this paper is to analyze the short and long run relationship between Islamic financial development and income inequality in Indonesia over the period of 2000-2020. The study has employed the Auto Regressive Distributed Lag (ARDL) bound testing approach and the Error Correction Mechanism (ECM) to examine the existence of long-run and short-run relationship, while variance decomposition (VDC) technique is used to provide Granger causal relationship between the variables. The cointegration tests show that there is a long run relationship between Islamic financial development, economic growth, inflation and income inequality in Indonesia. However, Islamic financial development itself is found to be not statistically significant in influencing income inequality during the sample period for long-run. This study found a positive and statistically significant (10%) effect of Islamic financial development in explaining the changes in income inequality in the short run. In terms of policy, enhancing financial access is needed to ensure that financial development fully supports the reduction of income inequality in Indonesia.
GLOBAL COVID-19: WHAT ISLAMIC ECONOMIC AND FINANCE CAN DO? INDONESIA EXPERIENCE Iskandar, Azwar; Possumah, Bayu Taufiq; Aqbar, Khaerul
IJIBE (International Journal of Islamic Business Ethics) Vol 6, No 2 (2021): September 2021
Publisher : UNISSULA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30659/ijibe.6.2.119-134

Abstract

Pandemic of COVID-19 has shocked and spread all over the world, including Indonesia. This research was conducted with the aim to lay out the role of Islamic economic and finance policies, as well as to propose a number of solutions which could be offered to solve various problems in time of the COVID-19 pandemic in Indonesia. By using descriptive qualitative approach, this research attempts to analyse various concepts that found in the research process trough content analysis techniques and library research. The results show that within the framework of Islamic economic and finance, some strategies that we can employ to dispose the social impact of COVID-19 such as: (1) distribution of direct cash assistance from zakat and infaq, collected by zakat and other social institutions; (2) strengthening infaq programs for various needs; (3) strengthening waqf programs, including cash waqf for social waqf projects, productive waqf, combination of social-productive waqf, or cash waqf linked sukuk; (4) superior venture capital assistance for the business sectors or Micro and Small Enterprises (MSEs); (5) the qardh al-hasan scheme; (6) strengthening MSMEs businesses; (7) improvement of Islamic economic and finance literacy; and (8) the development of Islamic financial technology. If the above programs using Islamic economic and finance instruments could really be encouraged, the economic surplus would be re-established and the acceleration of economic recovery could be realized, while at the same time reducing poverty and supporting the achievement of equitable distribution of income and wealth.
IFRS Based Zakat Reporting: Adoption Rational Western Method Into Institutional Accountability Pamuncak, Mohammad Bintang; Possumah, Bayu Taufiq; Abdul Halim, Zairihan
IKONOMIKA Vol 3, No 1 (2018)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/febi.v3i1.2512

Abstract

ABSTRACTThis study aims to evaluate the characteristics of zakat institution and proposes the adoption of International Financial Reporting Standard (IFRS) since it has developed and provides various product i.e zakat for productive purpose. This is important, considering that one of the measurement of accountability and transparency of an institution is providing brief financial report towards its beneficaries. Thereby, this study found that practically zakat institution is simillar to the SMEs, and there are 11 strandard of IFRS for SMEs that could be applicable to zakat institutionto achieve accountability and transparency. However, this study is preliminary study that proposes a conceptual frameworkwhich limited to the sharia compliance of IFRS that could be applicable to zakat Institution. Keywords: IFRS for SMEs, SMEs Criteria, Zakat InstitutionJEL Classification:
Halal Tourism Opportunities and Challenges in Toraja’s Muslim Minority Putra, Trisno Wardy; Possumah, Bayu Taufiq; Sikki, Kaisar Lahiya
KARSA Journal of Social and Islamic Culture Vol. 29 No. 2 (2021)
Publisher : Universitas Islam Negeri Madura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19105/karsa.v29i2.5215

Abstract

This study describes halal tourism in Muslim minority areas. Halal tourism is an industry currently developing in developed countries, not only in Muslim-majority countries but also in Muslim-minority countries. According to the Global Muslim Travel Index in 2019, Indonesia rose to the top position as a tourist destination. The coronation of Indonesia as the world’s best halal tourism destination is a new wind of optimism for stakeholders in the halal tourism sector. The Ministry of Tourism continues to expand the scope of priority halal tourist destinations. LPPOM MUI, as an institution that focuses on handling halal certification no less agile in conducting halal certification in tourist destinations. However, the development of halal tourism in several areas has been rejected by residents. This study examines the effect of halal tourism and facilities for Muslim tourists visiting Muslim minority areas. The research method used is qualitative by using observation, interviews, documentation, and in the final stage by concluding. This study found that halal tourism in North Toraja was initially rejected due to a lack of socialization in the community. It causes public misunderstanding regarding halal tourism policies. Halal tourism services still need to be improved, from the availability of halal food, worship facilities, water and bathrooms, and religious harmony. Therefore, the development of halal tourism needs to be a concern for the government.
Analisis Faktor-Faktor yang Mempengaruhi Minat Wakaf Uang Generasi Milenial di Kota Bogor Delia; Possumah, Bayu Taufiq; Hilmiyah, Nurul
As-Syirkah: Islamic Economic & Financial Journal Vol. 4 No. 1 (2025): As-Syirkah: Islamic Economic & Financial Journal 
Publisher : Ikatan Da'i Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56672/g2frb777

Abstract

This research is motivated by the low level of realization of cash waqf collection when compared to the existing potential, with the majority of the population being Muslim and the population dominated by the millennial generation of productive age of the workforce. So there needs to be a deeper analysis of public interest, especially the millennial generation in doing waqf. The problem formulations in this study are (1) Does religiosity affect the interest in waqf money of the millennial generation in the city of Bogor? (2) Does attitude affect the interest in waqf money of the millennial generation in the city of Bogor? (3) Does religiosity through attitude affect the interest in waqf money of the millennial generation in the city of Bogor? (4) Does subjective norm affect the interest in waqf money of the millennial generation in the city of Bogor? (5) Does behavioral control affect the interest in waqf money of the millennial generation in the city of Bogor? This type of research is quantitative research using survey instruments. The object of this research is the millennial generation in Bogor City. The object of this research is cash waqf interest in Bogor City. The data collection technique used a questionnaire. Data analysis techniques using Structural Equation Modeling (SEM). Based on the results of the study, it states that Religiosity has a significant and positive effect on the interest in waqf money of the millennial generation in Bogor City. The second result states that Attitude has a significant and positive effect on the interest in waqf money of the millennial generation in Bogor City. The third result states that religiosity through attitude has a significant and positive effect either directly or indirectly on the interest in millennial generation cash waqf in Bogor City. The fourth result states that subjective norms have a significant and positive effect on millennial generation cash waqf interest in Bogor City and the fifth result states that behavioral control has an insignificant effect on millennial generation cash waqf interest in Bogor City.
Analysis Of The Prohibition Of Providing Compensation To Foundation Board Members From An Islamic Justice Perspective Yudithama Al Kautsar, Mohammad; Priyo Susila, Wahyu Dwi Agung; Azwar, Azwar; Possumah, Bayu Taufiq
Eduvest - Journal of Universal Studies Vol. 4 No. 5 (2024): Journal Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v4i5.1238

Abstract

This research aims to analyze the prohibition on giving wages to foundation organs (founders and trustees) from an Islamic perspective, especially on the principles of justice. This research is included in the type of qualitative descriptive research (non-statistical) using the library research method (literature review) through a juridical-normative and conceptual approach. The results of the research show that from an Islamic perspective, the prohibition on giving salaries or wages to foundation organs, especially to foundation Trustees and Supervisors, can be said to be a form of injustice, where the management (with some limitations) is entitled to a salary, while the Trustees and Supervisors are not allowed to receive it. Therefore, when the administrators and related parties in the management of the foundation, including Trustees and Supervisors, work in accordance with a mutually agreed contract, agreement, or contract, then wages for performance must be paid fairly and transparently, according to the agreement and willingness of both parties.
PERCEPTION ON BANK INTEREST AND THE USE OF ISLAMIC BANKS: CASE STUDY INDONESIAN STUDENTS IN MEDINA SAUDI ARABIA Almagribi, Ahmad Bilal; Possumah, Bayu Taufiq; Husayn, Halimi
AL-QARDH Vol 5 No 2 (2020): AL-QARDH
Publisher : Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Negeri Palangka Raya

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

Abstract

This study aims to investigate the perceptions of Indonesian students in Medina, the Kingdom of Saudi Arabia about bank interest and Islamic banks usage. By using questionnaires data collection method and purposive sampling technique, 40 students have been interviewed online in this study. The data is then analyzed by descriptive percentage. This study found that most Indonesian students in Medina consider bank interest as usury and only 5% of them thought that both were different. The students who consider bank interest as usury argue that the contract between the customer and the bank is a Qordh (loan) contract. In contrast, respondents who consider the bank interest and usury are different, arguing that the interest is not always as usury according to some scholars who do not categorize the contract between bank and customer as Qordh, but as Tamwil (financing). This study also found that most of the students using Islamic banks and at the same time some of them also have conventional accounts for various reasons, such as the limited number of ATMs and branch offices, and no Islamic debit cards yet that are accepted as credit cards in online transactions.