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The Effect of Financial Literacy and Trust on the Interest of Millennials in Using Sharia Insurance Arinal Rahmati
Kartika: Jurnal Studi Keislaman Vol. 5 No. 3 (2025): Kartika: Jurnal Studi Keislaman (November)
Publisher : Lembaga Pendidikan Tinggi Nahdlatul Ulama (LPT NU) PCNU Kabupaten Nganjuk

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59240/kjsk.v5i3.814

Abstract

The objective of this study is to determine (1) the effect of financial literacy and (2) the effect of trust on the interest of the millennial generation in using sharia insurance. This study uses a quantitative approach. The population in this study is the community that belongs to the millennial generation who use sharia insurance. Sampling was conducted using a non probability sampling method with a purposive sampling technique. This study uses primary data sources with data collection through online questionnaires/Google forms. Data analysis in this study uses Smart PLS 3.2.9. The data analysis methods used in this study include validity tests, reliability tests, coefficient of determination (R2), hypothesis testing, and path analysis. The results of the study indicate that financial literacy does not have a significant effect on the interest of millennials in using sharia insurance, while trust has a significant effect on the interest of millennials in using sharia insurance. Financial literacy and trust can explain the interest in using sharia insurance by 35.9%, while the remaining 64.1% is explained by other variables that were not studied. It is hoped that future research will include more independent variables, so that the influence of other variables on the interest in using Islamic insurance among millennials can be determined.
Revitalizing Merah Putih Village Cooperatives through Maqasid Sharia: A qualitative study of rural economic recovery in Indonesia Mulyadi, Deni; Arinal Rahmati
Journal of Islamic Economics Lariba Vol. 12 No. 1 (2026)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol12.iss1.art24

Abstract

IntroductionThe revitalization of village cooperatives has become a strategic priority in Indonesia following the introduction of Presidential Instruction No. 9 of 2025, which promotes the establishment of Merah Putih Village Cooperatives to strengthen rural economic resilience and accelerate national economic recovery. Despite growing interest in cooperative development, limited research has examined how Maqasid Sharia can be systematically integrated into village cooperative governance as a foundation for sustainable, value-based economic empowerment.ObjectivesThis study investigates how the Merah Putih Village Cooperative internalizes the principles of Maqasid Sharia within its institutional structure and governance. It further examines the cooperative’s contribution to improving members’ socioeconomic welfare and evaluates its role in promoting inclusive national economic recovery through a values-driven cooperative model.MethodThis study employed a qualitative research approach combining library research and field research. Data were collected through semi-structured interviews, participant observation, policy document analysis, and an extensive review of scholarly literature. The participants included cooperative managers, members, and local community representatives. The data were analyzed using thematic analysis based on data reduction, data presentation, and conclusion drawing, while source triangulation was applied to enhance the credibility and reliability of the findings.ResultsThe findings demonstrate that the revitalization of the Merah Putih Village Cooperative successfully integrates the five dimensions of Maqasid Sharia into institutional governance and operational practices. The most prominent dimensions are the protection of wealth through transparent financial management and digital bookkeeping, the protection of life through welfare and social assistance programs, and the protection of intellect through Islamic financial literacy initiatives. The cooperative also strengthens the protection of religion through Sharia-compliant governance and the protection of lineage through youth empowerment and intergenerational development programs. Furthermore, the cooperative promotes local entrepreneurship, employment creation, social inclusion, participatory decision-making, and community solidarity while supporting national economic recovery. However, limited digital literacy and technological capacity remain significant challenges to cooperative modernization.ImplicationsThe findings indicate that integrating Maqasid Sharia into village cooperative governance enhances institutional transparency, member participation, social inclusion, and sustainable rural economic development. The study also provides practical guidance for policymakers and cooperative managers in designing value-based governance frameworks that combine ethical principles with digital innovation to strengthen community resilience and national economic recovery.Originality/NoveltyThis study offers one of the first qualitative empirical examinations of the Merah Putih Village Cooperative through the comprehensive lens of Maqasid Sharia. It develops an integrated institutional model that combines Islamic ethical values, participatory governance, digital transformation, and national cooperative policy, extending both institutional theory and the literature on Islamic cooperative governance while providing a practical framework for sustainable village economic revitalization.