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EXPLORING STRATEGIES TO ENHANCE ISLAMIC BANKING’S ROLE TO RAISE CASH WAQF FUNDS Khairunisa, Rizanti; Akbar, Nashr; Devi, Abrista
IQTISHADIA Vol 10, No 2 (2017): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v10i2.2863

Abstract

Cash Waqf funds has an important role to empower the economy of Ummah. Unfortunately, the collected cashwaqf fund is still very small compared to its potentialnumber. Against this background, this researchaims to design systems that may enchance the role ofIslamic banks in cash waqf fund raising. This paperemployed Interpretative Structural Modeling (ISM) byconducting literature studies and In-depth interviewswith some regulators, practitioners and academicians.The result shows that experts and practitioners agreedthat the strong legal support on cash waqf is necessaryto enhance the role of Islamic Banks to raise cash waqffunds. It creates a sense of secure to the stakeholders.Furthermore, it requires a strong coordination betweenIndonesian Waqf Board (BWI), Ministry of ReligiousAffairs, Bank Indonesia (BI), Financial ServicesAuthority (OJK), Nazhir and Islamic FinancialInstitutions that may receive cash waqf (LKS-PWU)in order to boost the role of Islamic Banks. The mainobstacle that must be tacled soon is the lack of educationabout cash waqf. 
ANALISIS PERMASALAHAN KOPERASI BAITUL MAAL WA TAMWIL (KBMT) PERKOTAAN (Studi Kasus KBMT di Kota Bogor) Khoirudin, Ahmad; Akbar, Nashr
IQTISHODUNA IQTISHODUNA (VOL 12, NO: 1.
Publisher : Fakultas Ekonomi, UIN Maliki Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (462.38 KB) | DOI: 10.18860/iq.v12i1.3937

Abstract

Microfinance as an effective tool provides financial service for those who do not have the accessor could not be accessed by a commercial bank or other financial institution. The Growth of Baitul Maal watamwil (BMT) as one of the Islamic financial institution is very fast and massive. There are many challengesand obstacles that inhibit the growth of it, either from internal or external of BMT. The purpose of this studyis to identify the issues faced by the urban of BMT (Bogor City), used Analytic Network Process (ANP). Thestudy also attempt to provide solution of the BMT problem faced. The result of this study showed that theproblem of internal Issues was more dominant than External Issues, with the priority level of 54%. Based onthe Internal Problems aspect, the dominant issue was the problem of “Low Quality and understanding ofHuman Resource”. Meanwhile an aspect of the external problem is “the strictness of Business Competition”.Furthermore, the solution could be implemented are 1) Training for Human Recourse 2) BMT Mentoring bythe relevant government.
EXPLORING STRATEGIES TO ENHANCE ISLAMIC BANKING’S ROLE TO RAISE CASH WAQF FUNDS Khairunisa, Rizanti; Akbar, Nashr; Devi, Abrista
IQTISHADIA Vol 10, No 2 (2017): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v10i2.2863

Abstract

Cash Waqf funds has an important role to empower the economy of Ummah. Unfortunately, the collected cashwaqf fund is still very small compared to its potentialnumber. Against this background, this researchaims to design systems that may enchance the role ofIslamic banks in cash waqf fund raising. This paperemployed Interpretative Structural Modeling (ISM) byconducting literature studies and In-depth interviewswith some regulators, practitioners and academicians.The result shows that experts and practitioners agreedthat the strong legal support on cash waqf is necessaryto enhance the role of Islamic Banks to raise cash waqffunds. It creates a sense of secure to the stakeholders.Furthermore, it requires a strong coordination betweenIndonesian Waqf Board (BWI), Ministry of ReligiousAffairs, Bank Indonesia (BI), Financial ServicesAuthority (OJK), Nazhir and Islamic FinancialInstitutions that may receive cash waqf (LKS-PWU)in order to boost the role of Islamic Banks. The mainobstacle that must be tacled soon is the lack of educationabout cash waqf. 
MAPPING CENTRAL BANK DIGITAL CURRENCY LITERATURE: LESSONS FOR GOVERNMENTS AND RESEARCH Riani, Ririn; Akbar, Nashr
Journal of Central Banking Law and Institutions Vol. 3 No. 2 (2024)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jcli.v3i2.164

Abstract

CBDC has gained popularity in many countries as a result of technological development. Central banks in a number of nations have been experimenting, piloting, launching, and promoting CBDC. Therefore, this study maps CBDC-related literature using a bibliometric approach and content analysis of the Scopus database. The Biblioshiny R Package was used in this study to analyse 190 documents with the keywords “central bank digital currency”. The analysis focuses on the main information about all documents, analysis of scientific production by areas (journals, authors, and countries), document and keyword analysis, and policy recommendations from the previous literature. The results show that CBDCs have had profound effects on monetary and payment systems, and their development could set the stage for a global central bank. The review also addresses the motivations and advantages of issuing a CBDC, including increasing financial inclusion, enhancing monetary policy, andpromoting efficient digital payments. The analysis also reveals that numerous central banks are investigating the possibility of issuing CBDCs due to the numerous advantages of this form of money. There is a lot of potential for theoretical expansion, contextual coverage, and methodological contributions. Furthermore, some policy recommendations from previous literature and directions for future studies are provided in this study.
A Lesson Learned from BSI Error Service: A Twitter Text Mining Data Approach Using NVivo Izza, Nadia Nurul; Herindar, Evania; Akbar, Nashr
MALIA: Journal of Islamic Banking and Finance Vol 8, No 1 (2024): MALIA: Journal of Islamic Banking and Finance
Publisher : IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/malia.v8i1.23436

Abstract

This research extensively examines  Twitter trend data related to BSI (Bank Syariah Indonesia) error services, collecting 1,014 tweets in real-time using NCapture from NVivo 12 Plus within the timeframe of May 8-16, 2023. The key findings highlight that 81% of conversations regarding BSI error services carry a negative sentiment. Additionally, a word cloud identifies key terms such as "services" (2.21%), "transactions" (0.87%), "ransomware" (0.74%), and "trust" (0.42%). As a concrete solution, the research recommends enhancing the transparency of BSI management to the public and fostering close collaboration with relevant authorities such as OJK, BI, and LPS. Furthermore, the strengthening of BSI's cybersecurity is emphasized to mitigate risks. These findings not only provide in-depth insights but also present practical steps that can be implemented to protect consumers and restore public trust in the Islamic banking sector. As a valuable contribution to the literature, this research not only offers a snapshot of the current situation but also identifies relevant directions for future research. Overall, the study integrates comprehensive data analysis with impactful recommendations, establishing a robust foundation for understanding and continuous improvement in the management of BSI error services. Notably, this research is the first to use NVivo in collecting Twitter data related to BSI error services
Investigating The Determinants of Muslim Intention to Accelerate Zakat Payment During The Covid19 Pandemic Mujahidah, Anisa Syahidah; Akbar, Nashr
Journal of Islamic Philanthropy and Disaster (JOIPAD) Vol. 2 No. 2 (2022): July-December 2022
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/joipad.v2i2.5121

Abstract

The crisis caused by the COVID-19 pandemic is more severe than other crises that have occurred before such as the crisis in 2008. This is because of the speed and scale it has created. The purpose of this study was to determine the effects of the COVID-19 pandemic crisis on changes in the behavior of Muslims in Indonesia, namely accelerating the payment of zakat during the Covid-19 pandemic. The data used in this study is primary data, where data were collected through questionnaires to respondents who were selected purposively throughout the big islands of Indonesia and collected as many as 256 respondents. By using the Structural Equation Modeling (SEM) Partial Least Square approach, it is found that several variables have an influence on the behavior of Muslims to accelerate paying zakat, including the Attitude variable and the Perceived Behavioral Control variable. However, it was found that the Subjective Norm variable was not proven to significantly influence the behavior of Indonesian Muslims to accelerate paying zakat during the COVID-19 pandemic crisis. The limitations of this study are that the sample that dominates is only from the island of Java and the age proportion of the respondents is dominated by millennials and generation z.
Assessing the Compliance of Online Marketplace Mechanism with Shari’ah Law (Case Study of Bukalapak) Masputra, Iryandi; Akbar, Nashr
AL- IKTISAB Journal of Islamic Economic Law Vol 1 No 2 (2017)
Publisher : University of Darusssalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/al-iktisab.v1i2.2390

Abstract

Bukalapak is one of the biggest online marketplace in Indonesia. Bukalapak providesa place for trading for sellers and buyers, utilizing the applications on the internet as aspace to trade. The objective of the study is to assess the the compliance of product, buyerand seller verification system, payment and delivery transaction system of Bukalapakwith the Shariah law. This research uses a qualitative approach; interview and observation.The collected data will be analysed with interactive analysis model by Miles andHuberman. The result of this study shows that as an online marketplace, Bukalapakcomplies with the legal standards of Shariah law which is based on ijab qabul between theseller and the buyer, also there is a form of liability or indemnity imposed by Bukalapakwith the view of balance and fairness between all Bukalapak users. The result also showsthat Bukalapak had been running based on honesty and openness so that it is able todevelop the market based on Islamic economics. Hence, it earns the trust from the sellersand the buyers as a place for buying and selling.
Interest of Muslim Youth: Purchasing Halal Korean Restaurants in West Java Nuralam, Firly; Akbar, Nashr
AL-FALAH : Journal of Islamic Economics Vol. 9 No. 1 (2024)
Publisher : Institut Agama Islam Negeri (IAIN) Curup

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29240/alfalah.v9i1.9711

Abstract

Purpose: The objective aim this study is to investigate the factors influencing young Muslims' inclinations in West Java to purchase Korean food through visits to Halal-certified Korean restaurants, Employing the Knowledge-Based Theory of Planned Behavior (TPB) framework as the main variables under investigation.Design/Method/Approach: The research methodology utilizes purposive sampling, targeting individuals aged between 16 and 30 years old. Data analysis employs the Structural Equation Modeling with Partial Least Squares (PLS-SEM) method.Findings: Consumer knowledge exerts a positive and notable influence on attitudes, similar to the effects observed with attitudes and subjective norms, which positively and significantly influence the interest of Muslim youth in Halal-certified Korean restaurants. However, perceived behavioral control variables could not be identified as factors significantly influencing the purchase interest of Muslim youth in MUI-certified Halal Korean restaurants.Originality/Values: This article presents several updates, including geographical scope limitations, explanations of the variables used, and novelties in the research period. It is anticipated that the research's findings will significantly enhance marketing tactics and the administration of Halal-certified Korean restaurants in the culinary industry. Additionally, it is hoped that it will also assist business players in this sector in understanding the factors driving the purchase interest of Muslim youth to increase visits to Halal-certified Korean restaurants.
Analyzing Consumer Preferences in Selecting Halal Tourism Destination Jalil, Nurhidayati Kasrul; Akbar, Nashr
AL-FALAH : Journal of Islamic Economics Vol. 9 No. 1 (2024)
Publisher : Institut Agama Islam Negeri (IAIN) Curup

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29240/alfalah.v9i1.9712

Abstract

Purpose: This paper examines consumer behavior, specifically the Indonesian society's preference for making halal tourism in the Riau region a tourism destination.Design/Method/Approach: The methodology applied in this research is quantitative with the SEM-PLS approach. Sampling was done using purposive sampling method. The number of respondents involved was 256 people with an age range of 16 to 55 years old. This study adopts variables based on the Theory of Planned Behavior, which identifies three exogenous latent variables (ɛ), namely Attitude, Subjective Norm, and Perceived Behavioral Control. Meanwhile, the endogenous latent variable (η) in this research is the Preference for Halal Tourism.Findings: The results of this study revealed that the perceived behavioral control variable has the largest, positive, and significant influence.Originality/Values: The implications of this research can assist in the development of the halal tourism industry in Indonesia, particularly in the Riau region. Industry players and stakeholders can take steps and policies to enhance aspects such as subjective norms and perceived behavioral control to meet tourists' preferences. Academics can also contribute to advancing digital literacy, research, and innovation in the halal industry, thereby making a significant contribution to the dynamic and innovative digital ecosystem within the halal value chain.
A Framework of Blue Economics Program Using Blue Sukuk as Socially Responsible and Sustainable Investment Suryomurti, Wiku; Akbar, Nashr
The International Journal of Business Review (The Jobs Review) Vol 6, No 1 (2023): The International Journal of Business Review. June 2023
Publisher : Fakultas Pendidikan Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/tjr.v6i1.57198

Abstract

Abstract. This paper explores the potential issuance of blue sukuk to finance the blue economy project in Indonesia. We first analyze current initiative of Indonesia’s Blue Economics program. Using the theory of change approach, we model the example of blue project and design the suitable sukuk structure to finance the project. We then develop a framework for financing the program using sukuk structures which previously designed for green sukuk.  It is hoped that by issuing the blue sukuk, it may support the SDG program for sustainable finance of blue economics program. Our framework is suitable for both sovereign and corporate blue sukuk. Furthermore, the project-based blue sukuk may support to alleviate the poverty of people who live along the coast and protect them from the impact of climate change. Finally, this study contributes to lay the foundations for further work on Blue sukuk in Indonesia and International as well.Keywords. Blue Sukuk, Blue Economics, Sustainable Finance, Socially Responsible Investment, Climate Change