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Islamic Personality Model as Psychometric Tool To Assess Creditworthiness of Micro Financing Hardiansyah Hardiansyah; Euis Amalia; Abdul Hamid
ETIKONOMI Vol 22, No 1 (2023)
Publisher : Faculty of Economic and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/etk.v22i1.30370

This study aims to develop an Islamic personality model as a psychometric tool to assess creditworthiness as an alternative predictive character analysis for micro businesses. The method designed to formulate the proposed model coded in R Studio uses two approaches. First, we modify Moslem Religiosity Personality Inventory and then frame a structural model based on Partial Least Square. Subsequently, we use the random forest technique to see the model's accuracy. The result shows a valid and reliable model and performs with 89.47 % accuracy with an Area Under Curve -Receiver Operating Characteristic of 90.06 %. This model implies a solution to strengthen the assessment of the character of creditworthiness of a potential micro-business and helps Islamic Financial Institutions to assess prospective micro-business to determine credit risk and pricing.JEL Classification: B41, D81, D87, G21, P43How to Cite:Hardiansyah., Amalia, E., & Hamid, A. (2023). Islamic Personality Model as Pychometric Tool To Access Creditworthiness of Micro Financing. Etikonomi, 22(1), 233–246. https://doi.org/10.15408/etk.v22i2.30370.

Islamic Personality Model as Psychometric Tool To Assess Creditworthiness of Micro Financing Hardiansyah Hardiansyah; Euis Amalia; Abdul Hamid
ETIKONOMI Vol 22, No 1 (2023)
Publisher : Faculty of Economic and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/etk.v22i1.30370

This study aims to develop an Islamic personality model as a psychometric tool to assess creditworthiness as an alternative predictive character analysis for micro businesses. The method designed to formulate the proposed model coded in R Studio uses two approaches. First, we modify Moslem Religiosity Personality Inventory and then frame a structural model based on Partial Least Square. Subsequently, we use the random forest technique to see the model's accuracy. The result shows a valid and reliable model and performs with 89.47 % accuracy with an Area Under Curve -Receiver Operating Characteristic of 90.06 %. This model implies a solution to strengthen the assessment of the character of creditworthiness of a potential micro-business and helps Islamic Financial Institutions to assess prospective micro-business to determine credit risk and pricing.JEL Classification: B41, D81, D87, G21, P43How to Cite:Hardiansyah., Amalia, E., & Hamid, A. (2023). Islamic Personality Model as Pychometric Tool To Access Creditworthiness of Micro Financing. Etikonomi, 22(1), 233–246. https://doi.org/10.15408/etk.v22i2.30370.

Syirkah Model For Islamic Gold Monetization Hardiansyah Hardiansyah
Dinasti International Journal of Economics, Finance & Accounting Vol. 5 No. 2 (2024): Dinasti International Journal of Economics, Finance & Accounting (May - June 20
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijefa.v5i2.2488

This study proposes a syirkah model for gold monetization as a product innovation opportunity alternative in Islamic Financial Institutions (IFI) towards bullion bank activity implementation because of Act of Law No. 4 of 2023 about P2SK. A descriptive qualitative approach was used in this study of fiqh literature from Shariah Standard No. 57 on gold trading and its trading control released by the World Gold Council and AAOIFI, as well as Fatwa DSN MUI for Musharakah contract. This study was also validated by semi-structured interviews. To clearly define the originality, we use simulation to present and compare the concept with an existing gold-based pawn contract (Ar-Rahnu). Risk-adjusted calculation to protect the initial value. The result shows that this syirkah model can be an alternative to productive gold investment.

The Emergence of Halal Fashion: Empowering Women Entrepreneurs in Indonesia Qizwini, Jimmi; Khatimah, Husnul; Hardiansyah, Hardiansyah
Tazkia Islamic Finance and Business Review Vol. 18 No. 2 (2024): TIFBR
Publisher : Faculty of Islamic Business and Management

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The rise of halal fashion in Indonesia has significantly shaped the modest fashion industry and provided a unique platform for women entrepreneurs to thrive. As global demand for modest and ethical fashion increases, Indonesia stands out as a leader, with its halal fashion brands spearheading both local and international markets. This study explores how the growth of Indonesia’s halal fashion industry has empowered women entrepreneurs by fostering economic opportunities, promoting cultural identity, and encouraging entrepreneurial innovation. The primary objective of the study is to assess how these women navigate the complexities of the halal fashion market while driving significant social and economic change. The novelty of this research lies in its focus on Indonesian women entrepreneurs, an underexplored segment in the global halal fashion landscape. While previous studies have examined the growth of halal fashion, few have focused on how women entrepreneurs are leveraging this industry for empowerment and socio-economic advancement. Using a qualitative case study approach, the research draws on secondary data from academic literature, industry reports, and media publications. It focuses on the impact of prominent Indonesian brands, such as Dian Pelangi, Shafira and Ria Miranda, highlighting their role in challenging societal norms and creating inclusive business models.The findings reveal that Indonesian halal fashion brands not only contribute to economic empowerment but also promote gender equality and cultural pride. These women-led businesses are reshaping the global modest fashion industry while providing a framework for future entrepreneurs.

MODEL PENGELOLAAN WAKAF PENDIDIKAN BERBASIS BLOCKCHAIN: MENDUKUNG SDGS DI ERA SOCIETY 5.0 Sepgiono, Sepgiono; Husnul Khatimah; Hardiansyah, Hardiansyah
Juremi: Jurnal Riset Ekonomi Vol. 4 No. 4: Januari 2025 (In Press)
Publisher : Bajang Institute

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This study explores the model of educational waqf management based on blockchain in Indonesia and its impact on achieving the Sustainable Development Goals (SDGs), particularly in education (SDG 4). Blockchain can enhance transparency, accountability, and efficiency in waqf fund management through the use of smart contracts that ensure funds are used according to their intended purpose. However, the implementation of this technology faces key challenges, such as low digital literacy and inadequate technological infrastructure in some regions. This study also highlights the crucial role of the government and Islamic financial institutions in supporting blockchain adoption for waqf management. With clear regulations and proper training, blockchain-based waqf can become an effective tool for more equitable educational development. The implications of this study emphasize the need for enhanced digital literacy, strengthened technological infrastructure, and the development of supportive regulations.

IMPLEMENTATION OF A BALANCED SCORECARD AS A PERFORMANCE MEASUREMENT TOOL IN A WORKSHOP-BASED MANUFACTURING COMPANY Simbolon, David Hamonangan; Hardiansyah, Hardiansyah
Jurnal Bisnis dan Manajemen (JBM) JBM Vol 20 (2024): Issue 2
Publisher : Faculty of Economics and Business University of Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23960/jbm.v20i2.2325

As business becomes increasingly complex and dynamic, organizations need to develop effective strategies to achieve their goals. One strategic management tool introduced to address this challenge is the Balanced Scorecard (BSC). The primary challenge in applying the BSC lies in designing and implementing balanced and relevant performance measures. This study, employing qualitative research methods, examines the use of the Balanced Scorecard (BSC) as a tool to measure performance in a manufacturing company operating in a workshop-based environment. Through in-depth interviews with stakeholders, including top management, functional managers, employees, and investors, the research uncovers the complexities, requirements, and opportunities associated with implementing the BSC in a workshop environment. The findings highlight the potential of the BSC as an appropriate framework for measuring production, quality, efficiency, and innovation, while also drawing attention to the barriers related to integration with existing management systems, understanding workshop procedures, and adaptation for successful implementation. The results of the study provide critical guidance for decision-makers considering the BSC as a performance measurement tool tailored to meet the needs of the shop floor, with the aim of enhancing operational and strategic performance in manufacturing organizations. Keywords: Balanced Scorecard (BSC), Strategic Management, Performance Measurement Abstrak Organisasi perlu mengembangkan strategi yang efektif untuk mencapai tujuan mereka karena bisnis menjadi semakin kompleks dan dinamis. Salah satu alat manajemen strategis yang diperkenalkan untuk menjawab tantangan ini adalah Balanced Scorecard (BSC). Bagaimana merancang dan mengimplementasikan ukuran kinerja yang seimbang dan relevan merupakan isu utama dalam penerapan BSC. Dengan menggunakan metode penelitian kualitatif, penelitian ini mengkaji penggunaan Balanced Scorecard (BSC) sebagai alat untuk mengukur kinerja pada sebuah perusahaan manufaktur yang beroperasi di lingkungan berbasis workshop. Penelitian ini mengungkap kompleksitas, persyaratan, dan peluang yang terkait dengan penerapan BSC di lingkungan workshop melalui wawancara mendalam dengan para pemangku kepentingan, termasuk manajemen puncak, manajer fungsional, karyawan, dan investor. Hasilnya menggarisbawahi potensi BSC sebagai kerangka kerja yang tepat untuk mengukur produksi, kualitas, efisiensi, dan inovasi, tetapi juga menarik perhatian pada hambatan integrasi dengan sistem manajemen saat ini, pemahaman tentang prosedur workshop, dan adaptasi untuk implementasi yang sukses. Hasil penelitian ini memberikan panduan penting bagi para pengambil keputusan untuk mempertimbangkan penggunaan BSC sebagai alat pengukuran kinerja yang memenuhi kebutuhan lantai pabrik dengan tujuan untuk meningkatkan kinerja operasional dan strategis dalam organisasi manufaktur. Kata Kunci : Balanced Scorecard (BSC), manajemen strategis, pengukuran kinerja

Impact of Indonesia Presidential Election Quick Count on Political Connected Stock Volatility: An Event Study Hardiansyah, Hardiansyah
Dinasti International Journal of Economics, Finance & Accounting Vol. 5 No. 5 (2024): Dinasti International Journal of Economics, Finance & Accounting (November - De
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijefa.v5i5.3525

This study assesses the impact of the 2024 Indonesia Presidential Election quick count results on the stock volatility of politically connected firms listed on the Indonesia Stock Exchange. An event study methodology is employed, analyzing four politically affiliated companies—PMMP, TOBA, BRMS, and WIRG—across a six-day event window (T-3 to T+3). A market-adjusted return model calculated abnormal returns (AR) and cumulative abnormal returns (CAAR). The findings reveal a significant market reaction before the event, particularly on T-2, where the average abnormal return (AAR) peaked at 5.82%, mainly driven by PMMP’s strong return of 16.66%. However, the AAR fell sharply to -3.91% on T+3, indicating a market correction. The cumulative abnormal return (CAAR) reached a high of 6.63% on T-2 before declining to 1.48% on T+3. A T-test yielded a p-value of 0.092 at a 10% significance level, showing a statistically weak significance in pre-and post-event returns. While the quick count results impacted stock performance, the market reaction was moderate. This study provides valuable insights for investors, helping them understand the influence of political uncertainty on politically connected firms in emerging markets and make informed investment decisions.

Peran Teknologi Keuangan (Fintech) dalam Pengelolaan Keuangan Pribadi Perempuan yang Bekerja Oktaviani, Yeyen; Khatimah, Husnul; Hardiansyah, Hardiansyah
Journal of Accounting and Finance Management Vol. 5 No. 6 (2025): Journal of Accounting and Finance Management (January - February 2025)
Publisher : DINASTI RESEARCH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/jafm.v5i6.1369

Financial Technology (Fintech) adalah penggabungan antara sistem keuangan dan teknologi. Perkembangan fintech yang hadir di Indonesia memunculkan berbagai inovasi aplikasi khususnya dalam layanan keuangan seperti sebagai alat transaksi pembayaran, alat penyimpanan uang, dan juga alat peminjaman uang. Adapun tujuan penelitian ini adalah untuk mengetahui peran fintech bagi perempuan yang berkarir hal ini sebagaiman diketahui bahwa literasi perempuan terhadap fintech masih jauh lebih rendah dibandingkan laki-laki. Selain itu, untuk menggali pemahaman dan pengalaman perempuan dalam menggunakan fintech untuk mengelola keuangan mereka. Penelitian ini bersifat kualitatif yang mana dalam pengumpulan informasi dengan melakukan wawancara kepada perempuan yang bekerja. Adapun hasil penelitian yang dilakukan dapat disimpulkan bahwa peran fintech sangat memudahkan perempuan dalam mengelola keuangan, sebagai alternatif investasi, menjadi referensi dalam pinjaman dengan bunga yang lebih rendah serta memudahkan mereka dalam transaksi bagi mereka yang mempunyai sampingan usaha.

Pengaruh DER, NPM dan Free Cash Flow Terhadap Kebijakan Dividen Bank Syariah di Indonesia Nulhakim, Irvan; Hardiansyah, Hardiansyah; Khatimah, Husnul
Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) Vol 6 No 3 (2025): February 2025
Publisher : Forum Kerjasama Pendidikan Tinggi (FKPT)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/ekuitas.v6i3.6497

This study aims to examine the factors influencing dividend policy in Islamic banks listed on the Indonesia Stock Exchange (IDX) during the 2018–2023 period. A quantitative approach was employed in this research. The independent variables selected include the debt-to-equity ratio (X1), net profit margin (X2), and free cash flow (X3), while the dependent variable is the dividend policy. Secondary data was utilized, and the sample consisted of all Islamic banks listed on the Indonesia Stock Exchange. The findings reveal that the debt-to-equity ratio and free cash flow have a positive and significant effect on dividend policy, with t-statistcs is 4,30 and 3,76, whereas the net profit margin has no significant effect. Simultaneously, all independent variables in this study exhibit a positive and significant impact on dividend policy, f-statistics is 38,10. The results of this research are expected to serve as a valuable reference for stakeholders in Islamic banks and future studies related to dividend policy.

EVALUATING ISLAMIC BUSINESS AND FINANCIAL MANAGEMENT IN PRINTING COMPANY: CASE STUDY KUMPULAN KARANGKRAF, MALAYSIA Hardiansyah, Hardiansyah; Ahmad Azmy; Didin Hikmah Perkasa; Citra Fitria Damayanti; Monika Balqis Pratiwi; Mardati Riza Putri Fatimah
J-ABDI: Jurnal Pengabdian kepada Masyarakat Vol. 4 No. 10: Maret 2025
Publisher : Bajang Institute

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This community service research tries to evaluate and socialize the implementation of Islamic business management in the Quran printing business of Kumpulan Karangkraf company, Malaysia. The method we used was descriptive qualitative, with data collection techniques of field observation and interviews with informants from the top management of Kumpulan Karangkraf, Malaysia. Technological disruption, competition, and rising printing costs are some issues we obtained after conducting field visits and talking to top management. In addition, the visit was filled with interactive discussions that allowed the management to share experiences and solutions with Islamic business and finance principles. The main result of this research is implementing Islamic business and finance strategies at Kumpulan Karangkraf. In addition to focusing on key account management, increasing the use of Islamic financial products and services can be more effective in enhancing the importance of Islamic business and economic strategies to improve the competitiveness of their products in the market. The implications of this research can contribute to developing corporate strategies that are more favorable to increasing the use of Islamic financial services, which in turn can increase sales, efficiency, and business blessings.

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