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Model Penilaian Kewajaran Harga Penawaran Kontraktor dengan Sistem Evaluasi Nilai Abduh, Muhamad; Wirahadikusumah, Reini D
Jurnal Teknik Sipil Vol 12, No 3 (2005)
Publisher : Institut Teknologi Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (202.392 KB)

Abstrak. Proses pemilihan rekanan menjadi salah satu kunci kesuksesan pembangunan fasilitas fisik. Kriteria pemilihan harus ditentukan berdasarkan pertimbangan yang objektif dan menguntungkan bagi pemilik tanpa mengabaikan kepentingan pelaksana konstruksinya. Metoda penilaian penawaran calon pelaksana konstruksi dalam suatu pelelangan sering menggunakan kriteria âbiaya terendah.â Walaupun parameter ini sangat relevan tetapi terkadang dianggap kurang memadai. Sistem evaluasi penawaran menggunakan sistem nilai dapat menjadi alternatif apabila aspek teknis perlu dipertimbangkan sejalan dengan nilai penawaran biayanya. Penggunaan sistem nilai perlu dilakukan secara hati-hati, penentuan kriteria kombinasi aspek teknis dan harga harus bersifat objektif, kuantitatif, dan dapat ipertanggung jawabkan. Dalam makalah ini diajukan suatu model penilaian kewajaran harga penawaran sebagai komponen penilaian aspek harga dalam sistem nilai khususnya untuk kontrak harga tetap (lump sum). Pendekatan yang digunakan dalam pengembangan model penilaian kewajaran harga penawaran tersebut adalah gabungan antara faktor tingkat keyakinan estimasi biaya pemilik (atau Harga Perkiraan Sendiri, HPS) dan faktor variasi penawaran yang diajukan oleh para penawar. Model ini kemudian diuji-cobakan untuk studi kasus pengadaan suatu pembangunan gedung bertingkat. Hasil studi kasus menunjukkan bahwa model yang dikembangkan dapat digunakan sesuai dengan tujuan pihak pemilik, yaitu pemenang adalah peserta yang mengajukan penawaran yang cukup rendah namun wajar. Analisa sensitivitas dilakukan untuk mengetahui pengaruh variasi dari beberapa variabel yaitu: tingkat kepercayaan terhadap HPS; jumlah penawaran rendah; dan jumlah penawaran tinggi. Analisa sensitivitas menjelaskan bahwa untuk studi kasus, keputusan pemenang lelang tidak sensitif terhadap perubahan dalam tiga variabel tersebut. Abstract. Procurement is a significant factor for successful completion of a construction project. The bidding criteria have to be determined objectively and fairly for both the owner and the contractors. âLowest bidderâ is the most commonly used in public project procurement. While it is a valid factor, in some cases it is considered insufficient in projects where technical aspects are important in the evaluation process. An alternative method is the merit system, i.e., the determining factor is the combination of the scores awarded for the cost and the technical proposal with predetermined weights. The set of evaluation criteria (including the weights and the scores) should be objective, quantitative, and verifiable. In this paper, a model focusing on the evaluation of the aptness of a cost proposal is proposed for a tender process using the merit system on a lump sum contract scenario. A cost proposal is compared to both the ownerâs estimate and its peers. The model basically involves two principals: the level of confidence in the ownerâs estimate; and the variations of cost proposals. The model has been tested on a tender process of a low-rise building. The case study has been satisfactory, the winner was the contractor proposing low and âfairâ cost. Sensitivity analyses have been performed for several factors: the level of confidence in the ownerâs estimate; the number of proposals with low costs; the number of proposals with high costs. The analyses showed that the decision for the case study was not sensitive to the variations in those factors.

Faktor-faktor Keberhasilan Kritis Pengelolaan Teknologi Informasi pada Kontraktor di Indonesia Hikmawati, Hikmawati; Abduh, Muhamad
Jurnal Teknik Sipil Vol 11, No 4 (2004)
Publisher : Institut Teknologi Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (190.165 KB)

Abstrak. Industri konstruksi saat ini menghadapi banyak tantangan ketika memasuki era globalisasi. Salah satu tantangan pada industri konstruksi adalah persaingan yang semakin ketat dan dorongan untuk selalu dapatberadaptasi dengan perubahan Salah satu strategi yang telah lama dilakukan untuk meningkatkan efisiensi dan efektifitas proses yang terjadi di dunia konstruksi, misalnya dengan mengadopsi teknologi informasi. Teknologi informasi saat ini menjadi salah satu primadona teknologi yang banyak diadopsi oleh hampir seluruh industri dan dipercayai dapat membantu meningkatkan efisiensi dan efektivitas proses yang berlangsung serta meningkatkan kualitas produk pada industri-industri tersebut. Demikian pula halnya industri konstruksi meskipun masih lambat dalam mengadopsi perkembangan teknologi informasi dan komunikasi ini. Beberapa perusahaan konstruksi, seperti kontraktor yang telah mulai mencoba untuk teknologi informasi (TI) ini, menghadapimasalah dengan tidak mendapatkan hasil yang optimal dari adopsi tersebut. Hal ini diakibatkan oleh lemahnya sistem pengelolaan TI itu sendiri, baik dari segi perencanaan, perancangan, implementasi, evaluasi dan pemeliharaan. Penelitian ini bertujuan untuk mengidentifikasi faktor-faktor keberhasilan kritis dalam pengelolaan teknologi informasi khususnya pada kontraktor di Indonesia, yang meliputi strategi perencanaan, perancangan, implementasi, evaluasi dan pemeliharaan. Penelitian dilakukan dengan menggunakan metode critical succes factormelalui survei berupa penyebaran kuesioner kepada 107 kontraktor yang tergabung dalam Asosiasi Kontraktor Indonesia. Hasil survei menunjukkan bahwa dari 47 faktor keberhasilan yang teridentifikasi terdapat 38 faktorkeberhasilan kritis yang dapat digunakan sebagai salah satu strategi kontraktor dalam mengelola teknologi informasi. Selain itu, faktor-faktor keberhasilan kritis tersebut juga dapat dimanfaatkan sebagai variabel untuk menilai kinerja kontraktor di Indonesia dalam mengelola teknologi informasi di perusahaannya. Abstract. Entering globalization era, contractors face many challenges, as the forces to continually adapt the changes in the very high competitive market increase. One of the strategies that is believed can answer the challenges is to improve the efficiency and effectiveness of the business processes by adopting information technologies (IT). The construction industry, like other industries, has entered the information age by using IT in a variety of ways. Yet many construction firms, that have adopted IT, faced many problems related to how to get the best of IT adoption into their business processes. IT is still used merely as supporting tools and there are many limitations to its current use in construction. It is believed that the problem lay on poor management of IT by contractors. This paper discusses a research that has been conducted to identify the criticalÂ success factors in managing IT by Indonesian contractors. The success factors were developed based on important and necessary stages ofmanaging IT, i.e. planning, implementation, maintenance, and evaluation. The research used a self-administered questionnaire to collect opinions from 107 Indonesian contractors that are members of Indonesian Contractors Association (AKI) on the importance of each suggested factor in contributing to the successful IT management in contractorsâ environment. By knowing those critical success factors, contactors can focus their efforts in managing IT to the most significant strategy to reap the benefit of IT in supporting their business process. On the other hand, the identified critical success factors can also be used as variables in evaluation of contractorsâ performance in managing IT. Furthermore, the contractors can use this evaluation system to measure their performance to the others as a mean to improve their competitive advantages.

Profitability Determinants of Kuwait Banking Industry: Comparative Analysis between Islamic and Conventional Banks Abduh, Muhamad; Issa, Mohamed Saeed
IQTISHADIA Vol 11, No 1 (2018): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v11i1.2834

This study is aimed at evaluating the impact bank specific and macroeconomic variables including the global financial crisis upon the performance of Islamic and conventional banks in Kuwait. The data are collected from nine banks operated in Kuwait over the period of 2005 to 2012 with four of them are Islamic banks and five are conventional banks. The ROA and ROE are used to measure profitability while the size, credit risk, bank diversification, efficiency, capital strength, and liquidity were used to measure bank specific variables. There are also three external variables that would be used to measure macroeconomic condition i.e. GDP growth, inflation, and financial crisis. The findings from pooled OLS have shown that credit risk, liquidity and efficiency significantly affecting profitability for both Islamic and conventional banks. For macroeconomic conditions, GDP is positively significantly affecting profitability of Islamic banking sector, while inflation is negatively affecting the profitability of conventional banking sector. The result also evidence that Islamic banking sector is more stable than the conventional banking sector in terms of their performance during and after the crisis period.

Bank Selection Criteria and SERVQUAL Survey among Muslims in Mauritius Abduh, Muhamad; Ramjaun, Shaheen Bibi; Mustaqim, Muhamad
QIJIS Vol 6, No 2 (2018)
Publisher : IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/qijis.v6i2.3756

As a Muslim minority country located far off the east coast of South Africa, Mauritius has successfully introduced Islamic finance since 1998. However, the development is not as expected since two Islamic banking windows were closed down and the only Islamic commercial bank in the country has been struggling hard in order to generate favorable expected profits. The aims of this study are to investigate the bank selection criteria among Muslims in Mauritius and to evaluate the customer satisfaction upon the Islamic banking service quality in the country. The findings show that privacy, easy access, service quality, facilities, transparency and bank reputation are the factors influence Muslim Mauritian to patronize bank and interestingly religion and religiosity are out of it. The importance â€“ performance analysis is used to provide an interesting visual analysis on the service quality items examined. The findings suggest that Islamic banks must improve their Tangible and Reliability aspects in order to satisfy the customers and eventually become more profitable.

Profitability Determinants of Kuwait Banking Industry: Comparative Analysis between Islamic and Conventional Banks Abduh, Muhamad; Issa, Mohamed Saeed
IQTISHADIA Vol 11, No 1 (2018): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v11i1.2834

This study is aimed at evaluating the impact bank specific and macroeconomic variables including the global financial crisis upon the performance of Islamic and conventional banks in Kuwait. The data are collected from nine banks operated in Kuwait over the period of 2005 to 2012 with four of them are Islamic banks and five are conventional banks. The ROA and ROE are used to measure profitability while the size, credit risk, bank diversification, efficiency, capital strength, and liquidity were used to measure bank specific variables. There are also three external variables that would be used to measure macroeconomic condition i.e. GDP growth, inflation, and financial crisis. The findings from pooled OLS have shown that credit risk, liquidity and efficiency significantly affecting profitability for both Islamic and conventional banks. For macroeconomic conditions, GDP is positively significantly affecting profitability of Islamic banking sector, while inflation is negatively affecting the profitability of conventional banking sector. The result also evidence that Islamic banking sector is more stable than the conventional banking sector in terms of their performance during and after the crisis period.

Waqif Preference of Waqf-Based Qardhul Hassan Financing in Malaysia: An Analytic Hierarchy Process Perspective Amin, Hanudin; Abduh, Muhamad; Shaikh, Imran Mehboob; Panggi, Faizah; Ag Omar, Pg Mohd Faezul Fikri; Rizal, Hamid; Ghazali, Mohd Fahmi; Razak, Dzuljastri Abdul
International Journal of Islamic Economics and Finance (IJIEF) Vol 6, No 2 (2023): IJIEF Vol 6 (2), July 2023
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/ijief.v6i2.17701

Although Islamic banking products like tawarruq and bay al-inah personal financing products available in the Malaysian Islamic banking market, their ability to meet the need of those disadvantaged in the case of health crisis like COVID-19 or financial crisis are somehow marginal. There is a need for Islamic social finance products to meet this challenge and one of them is the offered qardhul hassan financing funded through crowdfunding on the basis of waqf. This is called waqf-based qardhul hassan financing. For this purpose, this study introduces QAFSCALE, referred to qardhul hassan financing scale to gauge waqif preference on the facility should it is made available in the market. A total of 324 waqif or donors were participated in this study to identify their preference in donating their money in the facility should it is introduced. This study used Attia’s (2010) maqasid al-Shariah theory to generate the QAFSCALE, beginning from the conceptualisations, dimensions and importantly the batter items that represent the QAFSCALE. Analytic Hierarchy Process (AHP) is used. The results obtained indicate that humanity factor is ranked first in importance, followed by family factor, consumer factor and ummah factor. This study limitation is the sample size. A broader sample would have made the result better. Adding to that, the newly designed scale is first of its kind in the context of waqf-based qardhul hassan financing and more studies needed to prove its applicability and generalization, at least. The results obtained might be of interest to managers of Islamic banks and the like to understand their potential waqif preference in the context of waqf-based qardhul hassan financing. Four factors drawn from QAFSCALE were evaluated to identify important factors leading to the waqif contribution on waqf.

Discussion on Cash Waqf: Perpetuity, Legal Aspect, and Scheme of Investment Between Madzahib and Islamic Scholars Fanani, Ahmad; Abduh, Muhamad
AL- IKTISAB Journal of Islamic Economic Law Vol 7 No 1 (2023)
Publisher : University of Darusssalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/aliktisab.v7i1.10154

••• English ••• The discussion on waqf is very interesting, especially in cash waqf which has recently been widely used in Islamic business instruments even though some Islamic scholars had different positions about it. In-depth, the problem appeared because the madzahib prohibited the using of cash waqf in business and its make policy makers on waqf productive confused, therefore the discussion and solution of the madzahib and Islamic scholar’s opinions are needed, as well as the scheme of waqf investment through traditionally and contemporarily methods are required. Objectively, the research will discuss the comparison of madzahib opinions on cash waqf perpetuity and legal aspect depend on Islamic jurisprudence and snapshoot the scheme of waqf investment traditionally and contemporarily. The methodology in this research is qualitative methodology where is conducting the documentation method to compile the madzahib and Islamic scholar’s opinion on cash waqf perpetuity and legal aspect, as well as the scheme of waqf investment through traditional and contemporary methods. Concluded, the perpetuity and legal aspect of cash waqf used in investment depend on Syafi’i, Hanbali, Maliki, and Hanafi is prohibited due to impermanent source to use in waqf investment, but in the same time they pursued a solution of this problem by remaining the primary function of money as a medium of value or a tool to obtain permanent assets, therefore, some scholars allowed in creating traditional and contemporary scheme of waqf investment by using the cash waqf in according to the opinions. ••• Indonesian ••• Pembahasan tentang wakaf sangat menarik, terutama dalam wakaf tunai yang akhir-akhir ini banyak digunakan dalam instrumen bisnis Islam meskipun beberapa ulama Islam memiliki pendapat yang berbeda tentangnya. Secara mendalam, permasalahan muncul karena madzahib melarang penggunaan wakaf tunai dalam bisnis dan membuat penyusun kebijakan wakaf produktif menjadi bingung, sehingga diperlukan pembahasan dan solusi dari pendapat madzahib dan ulama, serta skema investasi wakaf melalui metode tradisional dan kontemporer. Secara obyektif, penelitian ini akan membahas tentang perbandingan pendapat madzahib tentang kekekalan wakaf uang dan aspek hukumnya berdasarkan pada fiqh Islam, serta memotret skema investasi wakaf secara tradisional dan kontemporer. Metodologi dalam penelitian ini adalah metodologi kualitatif dengan menggunakan metode dokumentasi untuk menghimpun pendapat para madzahib dan ulama Islam tentang kelangsungan dan aspek hukum wakaf uang, serta skema investasi wakaf melalui metode tradisional dan kontemporer. Dapat disimpulkan bahwa, keabadian dan aspek hukum dari wakaf tunai yang digunakan dalam investasi menurut Syafi'i, Hanbali, Maliki, dan Hanafi itu dilarang karena sumbernya tidak permanen untuk digunakan dalam investasi wakaf, tetapi pada saat yang sama mereka mengupayakan penyelesaian masalah ini dengan kembali kepada fungsi utama uang sebagai media nilai atau alat untuk mendapatkan aset permanen, oleh karena itu, penggunaan uang diperbolehkan dalam membuat skema investasi wakaf tradisional dan kontemporer sesuai dengan pendapat madzahib.

Behavioral Intention to Adopt Islamic Financial Technology: Theory of Planned Behaviour with Gender Moderation Utami, Budi Barata Kusuma; Wardiwiyono, Sartini; Hawariyuni, Weni; Abduh, Muhamad; Riadi, Imam
Jurnal REKSA: Rekayasa Keuangan, Syariah dan Audit Vol. 11 No. 2 (2024)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/jreksa.v11i2.11041

The Islamic banking industry in Indonesia continues to grow, as evidenced by the presence of technology-based services. This study aims to test the application of the theory of plan behavior in explaining customer intention to use Islamic financial technology by adding gender variables as moderators. Primary data were collected from 298 Islamic fintech users through direct and online surveys. The sample was selected based on the purposive sampling technique. Using PLS MGA analysis, this study found that attitude, subjective norms, and perceived behavioral control positively affect the intention to use Islamic fintech, except for perceived behavioral control in the male gender. Using the MGA, Parametric, and Welch-Satterthwait tests, the study also revealed no significant difference between males and females in utilizing Islamic fintech. This study expands the understanding of psychological and social factors in adopting Islamic fintech. It also contributes to the literature by filling the research gap that has not considered gender moderation in adopting Islamic fintech.

SHARI'A SUPERVISORY BOARD AND ISLAMIC BANKS’ INSOLVENCY RISK Umar, Umar Habibu; Abduh, Muhamad; Besar, Mohd Hairul Azrin
Journal of Islamic Monetary Economics and Finance Vol 9 No 3 (2023)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jimf.v9i3.1635

This study examines how the characteristics and quality of Shari'a supervisory board (SSB) influence the insolvency risk of Islamic banks. It employs unbalanced panel data of 43 Islamic banks in 15 countries between 2010 and 2020, which are hand-collected from the banks’ annual reports. The results indicate that the SSB quality index, SSB Islamic finance professional expertise and SSB competency increase insolvency risk while the SSB members with PhDs reduce it. Meanwhile, SSB size, SSB meetings, SSB gender diversity (SSBG) and SSB members from foreign countries have no significant influence on the insolvency risk. These findings have implications for policymakers and regulators in carving policies and regulations in restraining the SSB from taking excessive risk. They can also guide the Islamic banks' board of directors and shareholders in appointing the SSB members. Acknowledgment The authors are grateful to the Bank Indonesia Institute and Bank Indonesia for the honorarium given after the publication.

CORPORATE ATTRIBUTES AND BANKRUPTCY PREDICTION: THE CASE OF LISTED HALAL FOOD AND BEVERAGE COMPANIES Umar, Umar Habibu; Abduh, Muhamad; Besar, Mohd Hairul Azrin
Journal of Islamic Monetary Economics and Finance Vol 10 No 1 (2024)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jimf.v10i1.1928

This study investigates the relationship between corporate attributes and the probability of bankruptcy among halal food and beverage companies in five countries: Indonesia, Malaysia, Pakistan, Saudi Arabia, and the United Arab Emirates (UAE). Analyzing data from 56 firms from 2008 to 2021 using static panel data method, we find that the working capital period (cash conversion cycle), leverage, and firm growth increase the probability of bankruptcy for these companies. In contrast, liquidity, profitability, and firm size reduce bankruptcy probability. The findings reveal essential firm attributes that can guide the management of halal food and beverage firms, relevant regulators, and potential investors in ensuring the firms’ long-term viability.

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