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All Journal Al-Iqtishad : Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics) IJIBE (International Journal of Islamic Business Ethics) Jurnal Ekonomi Syariah Teori dan Terapan JIET (Jurnal Ilmu Ekonomi Terapan) Jurnal Ekonomi dan Bisnis Islam Riset Akuntansi dan Keuangan Indonesia Ikonomika : Jurnal Ekonomi dan Bisnis Islam EKSPANSI Economica: Jurnal Ekonomi Islam al-Uqud : Journal of Islamic Economics International Journal of Islamic Economics and Finance (IJIEF) Al-Muzara'ah Jurnal Ekonomi & Keuangan Islam JURNAL SYARIKAH : JURNAL EKONOMI ISLAM Shirkah: Journal of Economics and Business Khatulistiwa: Journal of Islamic Studies International Journal of Islamic Business and Economics (IJIBEC) Amwaluna Jurnal Ekonomi dan Keuangan Syariah At-tijaroh: Jurnal Ilmu Manajemen dan Bisnis Islam Journal of Islamic Monetary Economics and Finance El-Barka: Journal of Islamic Economics and Business Indonesian Journal of Halal Research JURNAL EKONOMI SYARIAH Journal of Digital Marketing and Halal Industry Al-Awqaf: Jurnal Wakaf dan Ekonomi Islam Airlangga International Journal of Islamic Economics and Finance Jurnal Ekonomi Indonesia Journal of Islamic Philanthropy and Disaster Ekonomi Islam Indonesia Journal of Islamic Economic Literatures Journal of Islamic Economics Lariba International Journal of Waqf Review on Islamic Accounting Islamic Social Finance Halal Tourism and Pilgrimage Islamic Economics Methodology Fara'id and Wealth Management Equilibrium: Jurnal Ekonomi Syariah Islamic Economic and History The Economic Review of Pesantren Islamic Marketing Review Maqasid al-Shariah Review Management and Sustainability Accounting and Sustainability Journal of Sustainable Economics Business and Sustainability Policy Brief Pertanian, Kelautan, dan Biosains Tropika Jurnal Jamsostek Amwaluna: Jurnal Ekonomi dan Keuangan Syariah IQTISHADUNA: Jurnal Ilmiah Ekonomi Kita Al-Infaq : Jurnal Ekonomi Islam
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Microprudential Indicators of Financial System Stability: An AHP Approach Rani, Lina Nugraha; Rusydiana, Aam Slamet; Hasib, Fatin Fadhilah
Accounting and Sustainability Vol. 2 No. 2 (2023): Accounting and Sustainability
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/as.v2i2.386

Abstract

In general there are two indicators of financial system stability, namely microprudential and macroprudential. Among macroprudential indicators are economic growth, balance of payments, inflation rate, interest and exchange rates, crisis contagion effect, and many others. Different from the previous researches concerning financial system stability measurement, this research will use the financial and banking practitioners' perspective regarding the leading indicator in measuring financial system stability so that we can presumably determine the real leading financial stability indicator for the current situation using Analytic Hierarchy Process (AHP) method. This study will look at the indicator of financial system stability from a microprudential perspective in Indonesia. The results show that based on the results of interviews with experts/banking practitioners, the 3 (three) most important aspects are Capital & Asset (0.187), Profitability (0.186) and Asset Quality (0.177). Important indicators of financial system stability from the next microprudential aspect are Liquidity (0.176), Market-based Indicators (0.139) and finally Risk Sensitivity (0.136). The Macroprudential Policy and microprudentials issued by Bank Indonesia as the central bank that has full authority, play an important role in maintaining Financial System Stability (SSK) in Indonesia.
Halal Fashion in Indonesia as A Business Industry Maziyyah, Nun; Uula, Mimma Maripatul; Rusydiana, Aam Slamet
Business and Sustainability Vol. 2 No. 1 (2023): Business and Sustainability
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/bs.v2i1.322

Abstract

This study seeks to map research related to halal fashion in Indonesia published by Dimension indexed journals from 2015 to 2023. NVivo 12 Plus was used to conduct thematic studies and frequency was used to evaluate 86 publications in the scientific literature. The results found that the number of publications fluctuates from year to year related to halal fashion research in Indonesia, which indicates that this topic is an interesting topic and must continue to be developed. In addition, various focuses of discussion and cluster analysis that describe the research path in halal fashion research in Indonesia include Motivational Factors for the Halal Fashion Industry in Indonesia, Modest Fashion and Halal Lifestyle in Indonesia, Halal Fashion Consumer Behavior in Indonesia, and Halal Fashion Product Development and Branding in Indonesia. This research can be used as a starting point for experts to build graphic visualizations of halal fashion research patterns in Indonesia in published scientific research.
Modeling Integrated Waqf-Sukuk for Climate Action (SDG13) Rusydiana, Aam Slamet; Sukmana, Raditya; Laila, Nisful; Bayram, Kamola
Business and Sustainability Vol. 2 No. 2 (2023): Business and Sustainability
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/bs.v2i2.367

Abstract

The discussion on tackling climate change is summarized in the thirteenth SDGs goal. On the other hand, waqf is an instrument of Islamic social funds that has a sustainable nature and has the relevance of waqf to the SDGs, so it has the potential to be developed in its role in fighting climate change and its impacts. This study seeks to see the waqf model that is relevant to the goals of the SDGs by determining the priority of the waqf model that can be applied in Indonesia which is in line with the objectives of SDGs 13 using ANP method. The results of the study indicate that the Waqf & Sukuk model is the right model to support the achievement of the thirteenth goal of the SDGs, namely climate change management. This study also proposes a WOFI (Waqf Owned Financial Intermediary) model framework that is suitable for this purpose.
Prioritizing Islamic Financial Literacy for MSMEs in Indonesia Tubastuvi, Naelati; Rusydiana, Aam Slamet
Islamic Economics Methodology Vol. 3 No. 1 (2024): Islamic Economics Methodology
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/iem.v3i1.522

Abstract

Islamic financial literacy in Indonesia is still quite low, when compared to financial literacy in general. This study aims to determine the priority of Islamic financial literacy in MSMEs in Indonesia. The method used in this research is Delphi, with research data coming from interviews with academics, practitioners and regulators of finance and Islamic economics in general, totaling 11 respondents. The results of the analysis found that there are 14 variables of Islamic financial literacy problems of MSMEs in Indonesia, and all variables have been agreed upon by economic experts. From the results of the calculation using the Delphi method, there are 3 main priorities for Islamic financial literacy of MSMEs in Indonesia, namely increasing the involvement of MSMEs as agents of Shariah financial literacy, expanding MSME access to the Islamic Financial Institutions (IFIs) sector, and encouraging IFI to develop simple and affordable products.
Optimizing Capital Management in Baitul Maal wat Tamwil: Issues and Approaches Rohman, Pupun Saepul; Laila, Nisful; Fianto, Bayu Arie; Ascarya, Ascarya; Rusydiana, Aam Slamet
Economica: Jurnal Ekonomi Islam Vol. 15 No. 1 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2024.15.1.20131

Abstract

Baitul Maal wat Tamwil (BMT) is a microfinance institution operating under Sharia principles, integrating social welfare and commercial finance to promote poverty alleviation and economic empowerment. Despite its potential, BMTs face significant capital challenges that hinder their sustainability and impact. This study explores these challenges using a qualitative methodology with a literature review approach. Six key issues are identified: (1) limited capital from low member savings, (2) inadequate accumulation of social funds, (3) mismatch between available funds and customer needs, (4) reliance on external funding, (5) low business volume, and (6) weak integration between the social (Baitul Maal) and commercial (Baitul Tamwil) functions. These issues restrict BMTs from fully achieving their financial inclusion and social welfare objectives. To address these challenges, the study suggests optimizing low-cost funds, managing cash waqf, strengthening Baitul Maal, collaborating with zakat institutions, and integrating Islamic social finance with commercial operations. Additionally, increasing principal and mandatory savings is recommended to improve capital stability. Resolving these issues is essential for enhancing BMTs' role in poverty alleviation and ensuring their long-term sustainability and effectiveness within the Islamic finance framework.
SCIENTOMETRIC ANALYSIS OF DIGITAL BANKING: FUTURE ISLAMIC DIGITAL BANK IN INDONESIA Riani, Ririn; Rusydiana, Aam Slamet
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.7.2.125-137

Abstract

This study maps out research related to the development of research trends in digital banking themed papers published by leading journals that have been indexed by Scopus from 1976 to 2021. The analysis focuses on trends in keywords, authors and journals of 873 digital banking themed papers. publication. The results of the scientometric analysis mapping are then studied more deeply to review development strategies related to digital banking that can be adopted by Islamic banking in Indonesia. This study uses descriptive statistical methods and bibliometric analysis using biblioshiny R software to determine bibliometric maps. The flow of economic digitization requires banks to transform in order to maintain their role and position as the main intermediary institution in the financial system as well as the transmission axis of monetary policy. Digital transformation requires banks to be able to adapt the business innovation model used, organizational structure, work culture, and infrastructure they have. Islamic banking is required to be a solution by offering services and innovations through digital channels. The main thing is how to find the right balance between efforts to optimize opportunities and carry out various digital innovations in an effort to increase market share in the future. 
Perceptions of Indonesian Muslim Youth on Factors Influencing Their Intention to Perform Cash Waqf Mujahidah, Anisa Syahidah; Rusydiana, Aam Slamet
International Journal of Islamic Economics and Finance (IJIEF) Vol. 6 No. 1 (2023): IJIEF Vol 6 (1), January 2023
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/ijief.v6i1.13964

Abstract

This study aims to investigate the intention to donate cash waqf among Indonesian Muslim youth. Additionally, this study explains the theory of planned behavior (TPB) and two additional variables, i.e., Islamic religiosity and willingness. The Partial Least Square Structural Equation Modeling (PLS-SEM) method was employed to evaluate the measurement and structural models. Online questionnaires were then distributed to purposively selected respondents throughout Indonesia, consisting of all major islands. In total, 104 respondents participated. This study uncovered that the attitude and willingness variables affected the intention to donate cash waqf among Indonesian Muslim youth. Meanwhile, subjective norms, perceived behavioral control, and Islamic religiosity variables were not significantly proven as the determinants. With the latest data and variables studied, these findings can be used as guidelines for policymakers, especially waqf regulators and waqf institutions, to innovate and improve the characteristics of cash waqf contributors, primarily among Muslim youth, to maintain the waqf instruments’ sustainability and development.
Evaluating Islamic Bank Efficiency and Productivity in ASEAN: Does Technological Advancement Play a Role? Riani, Ririn; Ikhwan, Ihsanul; Rusydiana, Aam Slamet
AL-MUZARA'AH Vol. 12 No. 2 (2024): AL-MUZARA'AH (December 2024)
Publisher : Department of Islamic Economics, IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jam.12.2.233-255

Abstract

Amid the economic crises triggered by the COVID-19 pandemic, sustainable financial systems have become essential for resilience and recovery, particularly in ASEAN countries where Islamic banks play a crucial role in economic stability. The purpose of this study is to evaluate the performances of the Islamic Bank in the ASEAN countries in terms of both efficiency and productivity. This study provides insights into 33 Islamic banks in Indonesia, Malaysia, Brunei Darussalam, Thailand, and the Philippines from 2015 to 2022. This study employs the Data Envelopment Analysis (DEA) technique and the Malmquist Productivity Index (MPI) to simultaneously attain elevated levels of efficiency and productivity. The result shows that Maybank Islamic Berhad was considered the most efficient and productive Islamic Bank within ASEAN countries. In terms of significant elements, it was discovered that shifts in technology capabilities have a greater magnitude of effect on Islamic banking productivity in ASEAN than shifts in innovation strategies and operational efficiencies. The findings also show that Islamic banks in ASEAN region experienced a growth in banking performance during the research period. This implies that the Islamic banking sector demonstrated enhanced performance despite the adverse effects of the COVID-19 pandemic. This study suggests that all ASEAN Islamic banks must continue to enhance the quality of their technology in order to raise their efficiency and generate more productivity in the future.
Productivity Growth in OIC Countries: SDGs Perspective Rusydiana, Aam Slamet; Ningsih, Rachmi Ramdia
Islamic Economics Methodology Vol. 3 No. 2 (2024): Islamic Economics Methodology
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/iem.v3i2.561

Abstract

Over the past few decades, countries in the Organization of Islamic Cooperation (OIC) have achieved various levels of economic development. In today's sustainable era, increasing efficiency and productivity is one of the goals to be achieved. Development goals, especially the achievement of food security, healthy lives and well-being for all ages, gender equality, inclusive economic growth, and industrialization are important to ensure access to sustainable livelihoods. This study aims to assess changes in total factor productivity and efficiency based on n indicators of sustainable development goals (SDGs) in 49 countries that are members of the OIC during the period 2010 to 2017. Utilizing the Malmquist total factor productivity (TFP) index and Data Envelopment Analysis (DEA), this study estimates the changes in productivity and efficiency that occurred in each OIC member country. The results show that Jordan, Cameroon, Tunisia, Saudi Arabia, and Lebanon are the countries with the highest TFP increase in the observed years. However, the overall productivity of OIC countries has decreased as evidenced by the Malmquist TFP index which is less than one or 0.991. This productivity decline is caused by technical and technological inefficiencies. On the other hand, there are differences in productivity in countries belonging to the GCC, AMU, Sub-Saharan Africa, Middle East countries, and Asian countries. The performance comparison is intended to help identify policies for further improvement for OIC countries in the region.
Waqf in Non-Muslim Countries: A Case Study of Singapore Rusydiana, Aam Slamet; Ali, Mohammad Mahbubi
International Journal of Waqf Vol. 4 No. 1 (2024): International Journal of Waqf
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/ijw.v4i1.562

Abstract

Waqf is an Islamic concept that refers to a charitable endowment or trust. It involves dedicating a specific asset, such as property, land, or money, for the benefit of the community or a specific purpose, in accordance with Islamic law. One of the important aspect in the success of waqf is the management and optimization concept. This research will try to elaborate further on the development of waqf in the non-Muslim country of Singapore. This paper also tries to look at the revitalization of existing waqf land in Singapore, given its very limited area. The result show that, although it is Muslim-minority country, Singapore is able to professionally manage its waqf assets and properties productively. Through MUIS, waqf is managed optimally. The impressive performance of Warees, an important philanthropic institution in Singapore, cannot be separated from its professionalism, innovation in financing, initiation of cash waqf and the release of fatwa on istibdal waqf.