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All Journal Nurani: Jurnal Kajian Syariah dan Masyarakat Sunan Kalijaga: Islamic Economics Journal
Abdul Qoyum
Unknown Affiliation
Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Social Sciences

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Determinant Cash Waqf Payment Amongst Rural Society in Yogyakarta: Do Itsar and Culture Matters? Melis, Melis; Abdul Qoyum; Misnen Ardiansyah
Nurani Vol 25 No 1 (2025): Nurani: jurnal kajian syari'ah dan masyarakat
Publisher : Universitas Islam Negeri Raden Fatah Palembang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19109/nurani.v25i1.26225

Abstract

Cash waqf, within the framework of sharia economic law, serves as a crucial instrument for enhancing social welfare. When managed effectively and in accordance with sharia principles, cash waqf can provide substantial benefits for society. As of 2022, Indonesia had a population of approximately 275.78 million, with 86.93% identifying as Muslims, thus has a huge potential for generating waqf funds. However, data from the Indonesian Waqf Board (BWI) indicate that the total cash waqf collection in 2021 amounted to IDR 831 billion, whereas the potential for cash waqf in 2022 to reach IDR 130 trillion. This considerable disparity motivated the present study to explore the factors influencing individuals' willingness to pay cash waqf. This study specifically examines the determinants affecting interest in cash waqf payment among rural communities in the Special Region of Yogyakarta. Employing the Structural Equation Model (SEM) analysis tool with SmartPLS, the study revealed that the variables Itsar (altruism) and gotong royong (mutual cooperation) has positive effect on individuals' willingness for cash waqf payment, as evidenced by their respective p-values of 0.000 (< 0.05). Whereas, three variables—knowledge, income, and education level—do not significantly influence individuals' interest in cash waqf payment. These results suggests that in rural areas, particularly in Yogyakarta, strong communal values such as solidarity and cooperative spirit play a pivotal role in fostering cash waqf payments.
Macroeconomic Variables and Jakarta Islamic Index (JII) in Indonesia: an Approach of Error Correction Model Dian Wahyudi; Abdul Qoyum
Sunan Kalijaga: Islamic Economics Journal Vol. 1 No. 2 (2022)
Publisher : Department of Islamic Economics, Faculty of Islamic Economics and Business, Universitas Islam Negeri Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/skiej.2022.1.2.1752

Abstract

The purpose of this study is to examine the impact of macroeconomic variables on the Jakarta Islamic Index (JII) over the period 2012-2021. Macroeconomic variables include inflation, the exchange rate, the bi-rate, global oil prices, and the price of gold. In this study, the Error Correction Model (ECM) was used to examine the short- and long-term impact of macroeconomic variables on the di Jakarta Islamic Index (JII). According to the findings, the Indonesian sharia exchange rate and Bi-Rate had an impact on the sharia stock index in the short run. In contrast, interest rates, global oil prices, and global gold prices have a long-term impact on the sharia stock index. Variable inflation has no effect on either.
Co-Authors Dian Wahyudi Melis Melis, Melis Misnen Ardiansyah