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Enhancing the sustainability and competitiveness of Islamic Banking: a comparative study of fiscal policy and regulatory Frameworks in Indonesia and Malaysia Sudi, Didih Muhamad
JPPI (Jurnal Penelitian Pendidikan Indonesia) Vol 11, No 2 (2025): JPPI (Jurnal Penelitian Pendidikan Indonesia)
Publisher : Indonesian Institute for Counseling, Education and Theraphy (IICET)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29210/020255614

Abstract

The rapid global expansion of Islamic banking urgently necessitates robust fiscal policies and regulatory frameworks, particularly in leading Muslim-majority economies like Indonesia and Malaysia, where their long-term sustainability and competitiveness are critically dependent on effective governance. This study addresses a critical gap by providing an in-depth comparative analysis of the fiscal policy and regulatory frameworks in enhancing the sustainability and competitiveness of Islamic banking in these two countries, focusing on underlying issues that justify this comparison. Employing a qualitative, interpretivist comparative case study approach, data were collected through comprehensive literature reviews, in-depth analysis of key policy documents (Indonesia’s Law No. 21 of 2008 on Islamic Banking, Malaysia’s Islamic Financial Services Act 2013), and secondary data from financial authorities. Thematic content analysis was used to compare their approaches systematically. The findings reveal that both countries have strategically employed tax incentives, liquidity measures, and legal oversight to foster sectoral growth. Indonesia with a multi-agency framework, rooted in Law No. 21 of 2008, demonstrates a strong commitment to Islamic principles but grapples with regulatory overlaps and operational inefficiencies. Malaysia with centralized approach, anchored by the Islamic Financial Services Act 2013 and guided by the Shariah Advisory Council, has contributed to global competitiveness. The findings also highlight key policy challenges, including regulatory fragmentation, Shariah compliance in fintech integration, and limited technical capacity, and offer actionable recommendations to strengthen financial inclusion, institutional resilience, and the long-term sustainability of Islamic banking in both jurisdictions.
Performance Optimisation through Education and Knowledge Management Synergy: An Innovative Business Organisation Strategy Sudi, Didih Muhamad; Jusman, Ikhsan Amar; Heriyanto
ADMAN: Journal of Contemporary Administration and Management Vol 1 No 3 (2023): December 2023
Publisher : PT. LITERASI SAINS NUSANTARA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61100/adman.v1i3.84

Abstract

In the era of globalization and intensifying business competition, business organizations are faced with the challenge of continuously improving their performance to survive and thrive. One key factor in achieving this goal is through the optimization of organizational performance. Education and knowledge management have been recognized as two crucial components that can play a strategic role in enhancing the competitiveness of an organization. This research aims to identify innovative business organization strategies to optimize their performance amidst the challenges and opportunities present in the current business environment. The research employs a qualitative approach involving the analysis of literature. It encompasses the exploration and clarification of information and content gathered from various documents and texts to establish the groundwork for analysis. The study's findings indicate that in a dynamic business environment, the synergy between education and knowledge management is key to optimizing organizational performance. Education creates a skilled workforce and a learning culture, while knowledge management ensures effective access and utilization of knowledge. The combination of continuous education, skills training, and leadership development creates an environment where employees can be responsive to market demands. Effective knowledge management facilitates collaboration and the exchange of ideas, providing the foundation for implementing innovation in a rapidly changing business landscape.
Analysis of Economic, Education, and Skill Factors against High Unemployment: A Case Study in West Java Province Judijanto, Loso; Sudi, Didih Muhamad
West Science Journal Economic and Entrepreneurship Vol. 1 No. 03 (2023): West Science Journal Economic and Entrepreneurship
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsjee.v1i03.405

Abstract

This research investigates the intricate interplay between economic factors, education levels, workforce skills, and their impact on high unemployment rates, focusing on a case study in the West Java Province. Utilizing a quantitative approach, the study employs Structural Equation Modeling with Partial Least Squares (SEM-PLS) to analyze data collected from 187 participants. The measurement model's reliability and validity are assessed, and subsequent regression analyses explore the relationships between the identified constructs. The discriminant validity matrix ensures the distinctiveness of the constructs. Fit indices compare the Estimated Model with the Saturated Model, affirming the model's accuracy in capturing observed data. Noteworthy results highlight the significance of education and workforce skills in mitigating high unemployment. The research contributes to the existing literature by providing empirical insights into the multifaceted factors influencing unemployment in the specific context of West Java.
Enhancing the sustainability and competitiveness of Islamic Banking: a comparative study of fiscal policy and regulatory Frameworks in Indonesia and Malaysia Sudi, Didih Muhamad
JPPI (Jurnal Penelitian Pendidikan Indonesia) Vol. 11 No. 2 (2025): JPPI (Jurnal Penelitian Pendidikan Indonesia)
Publisher : Indonesian Institute for Counseling, Education and Theraphy (IICET)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29210/020255614

Abstract

The rapid global expansion of Islamic banking urgently necessitates robust fiscal policies and regulatory frameworks, particularly in leading Muslim-majority economies like Indonesia and Malaysia, where their long-term sustainability and competitiveness are critically dependent on effective governance. This study addresses a critical gap by providing an in-depth comparative analysis of the fiscal policy and regulatory frameworks in enhancing the sustainability and competitiveness of Islamic banking in these two countries, focusing on underlying issues that justify this comparison. Employing a qualitative, interpretivist comparative case study approach, data were collected through comprehensive literature reviews, in-depth analysis of key policy documents (Indonesia’s Law No. 21 of 2008 on Islamic Banking, Malaysia’s Islamic Financial Services Act 2013), and secondary data from financial authorities. Thematic content analysis was used to compare their approaches systematically. The findings reveal that both countries have strategically employed tax incentives, liquidity measures, and legal oversight to foster sectoral growth. Indonesia with a multi-agency framework, rooted in Law No. 21 of 2008, demonstrates a strong commitment to Islamic principles but grapples with regulatory overlaps and operational inefficiencies. Malaysia with centralized approach, anchored by the Islamic Financial Services Act 2013 and guided by the Shariah Advisory Council, has contributed to global competitiveness. The findings also highlight key policy challenges, including regulatory fragmentation, Shariah compliance in fintech integration, and limited technical capacity, and offer actionable recommendations to strengthen financial inclusion, institutional resilience, and the long-term sustainability of Islamic banking in both jurisdictions.