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All Journal Al-Iqtishad : Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics) BISNIS: Jurnal Bisnis dan Manajemen Islam Media Trend: Berkala Kajian Ekonomi dan Studi Pembangunan Jurnal Ilmiah Ekonomi Islam Jurnal Ekonomi & Keuangan Islam Al-Masharif: Jurnal Ilmu Ekonomi dan Keislaman International Journal of Economics, Business and Accounting Research (IJEBAR) Asy Syar'iyyah: Jurnal Ilmu Syari'ah dan Perbankan Islam Finansha: Journal of Sharia Financial Management JURNAL ILMIAH GLOBAL EDUCATION Share: Jurnal Ekonomi dan Keuangan Islam Al-Buhuts (e-journal) Journal of Principles Management and Bussines Al-masharif: Jurnal Ilmu Ekonomi dan Keislaman
Ajuna, Luqmanul Hakiem
IAIN Sultan Amai Gorontalo
Religion Humanities Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Mathematics Social Sciences Other

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UTILIZATION OF FINANCIAL TECHNOLOGY IN INCREASING THE INCOME OF MSMEs IN INDONESIA Luqmanu Hakiem Ajuna; Alfitra Paputungan; Muhamad Ichksanul; A. Mokoagow; Silvana Masita Lestari; Rahmat Labatjo
International Journal of Economics, Business and Accounting Research (IJEBAR) Vol 7, No 1 (2023): IJEBAR, VOL. 07 ISSUE 01, MARCH 2023
Publisher : LPPM ITB AAS INDONESIA (d.h STIE AAS Surakarta)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/ijebar.v7i1.8314

Abstract

The use of technology in the business sector has evolved into a requirement that cannot be disputed in order to support the efficient operation of corporate activities. Identifying current customer demands is a quick and efficient service. Today's technological advancements, including financial technology, present certain opportunities to business actors. The purpose of this study is to determine the role of financial technology in increasing MSME income. In this investigation, descriptive and qualitative data are analyzed. Secondary data from documents, the Central Bureau of Statistics (BPS), the Indonesian Ministry of Cooperatives, and SMEs are used in the methodology. The authors of this study used a triangulation method. In this study, the analysis processes included data reduction, data display, and, finally, conclusion-making. According to the study's findings, Fintech holds new promise for the growth of MSMEs in Indonesia. Capital and financing issues, as well as the difficult nature of the capital acquisition procedure, can be resolved with the assistance of the fintech loan program. Keywords: Financial Technology, MSMEs, Utilization, Income
CORPORATE SOCIAL RESPONSIBILITY (CSR) PROGRAM COMMUNITY BASED EMPOWERMENT (TO INCREASE THE PRODUCTIVITY OF MICRO, SMALL AND MEDIUM BUSINESS) IN GORONTALO DISTRICT Luqmanu Hakiem Ajuna; Riya Andriyani Ahmad; Spandi Rauf; Moh. Akbar Ibrahim
International Journal of Economics, Business and Accounting Research (IJEBAR) Vol 7, No 1 (2023): IJEBAR, VOL. 07 ISSUE 01, MARCH 2023
Publisher : LPPM ITB AAS INDONESIA (d.h STIE AAS Surakarta)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/ijebar.v7i1.8315

Abstract

Business Development in Gorontalo District Creation of micro, small and medium enterprises is one of the poverty reduction strategies (MSMEs). MSMEs, on the other hand, have many challenges in Gorontalo District. The business world plays an active role in solving MSME problems in Gorontalo Regency through the CSR program. Based on the facts and problems above, this study provides a paradigm of community empowerment-based corporate social responsibility. 1) Examine the problems and demands faced by MSMEs in Gorontalo District. 2) make a CSR plan that emphasizes community empowerment. The approach used is observation and in-depth interviews with MSMEs in Gorontalo District. Based on the study, MSMEs in Gorontalo Regency are constrained by financial and marketing problems. Leading CSR programs include funding, education, and marketing (promotion) through MSME exhibitions and bazaars. Keywords: UMKM (Micro, Small and Medium Enterprises), Corporate Social Responsibility, Community Empowerment Productivity.
The Implementation of Green Financing as an Alternative Sustainable Financing for MSMEs in Gorontalo Luqmanu Hakiem Ajuna; Vany Rolliyta Ansir; Muhammad Nur; Nurain Kude; Tenti Dehi
International Journal of Economics, Business and Accounting Research (IJEBAR) Vol 7, No 1 (2023): IJEBAR, VOL. 07 ISSUE 01, MARCH 2023
Publisher : LPPM ITB AAS INDONESIA (d.h STIE AAS Surakarta)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/ijebar.v7i1.8735

Abstract

Green financing is a type of capital assistance program or funding scheme that is available to environmentally conscious business owners. Borrowers or business owners must meet the 3R criteria in order to be eligible for funding assistance under the green finance plan, according to government regulations (reduce, reuse, recycle). The Gorontalo Province is utilizing green funding to assist MSMEs in raising awareness of the importance of environmental protection. The purpose of this study is to determine the outcomes of using green financing as a different idea of sustainable funding for businesspeople in the province of Gorontalo, specifically MSME actors. It is also to learn more about what needs to be done as a first step toward future improvements. The methodology used in the study is qualitative. Secondary data is data obtained from a secondary source after primary research data has been sourced. When conducting research, researchers use websites (Websites) associated with research in addition to secondary sources. The study's findings indicate that using green financing in place of sustainable financing falls under the unfavorable category. Due to the fact that many MSME owners are unaware of the Green Funding scheme, its application for financing in the UMKM Gorontalo province is currently ineffective. . Keywords: Green Financing, Financing, and MSMEs
The Influence of Utilizing Village Funds on Increasing Development, Empowerment and Its Implications for Community Welfare (Study on Village Communities in Posigadan District, South Bolaang Mongondow Regency) Ansar Sahabi; Roni Mohamad; Syawaluddin Syawaluddin; Luqmanul Hakiem Ajuna
MediaTrend Vol 18, No 2 (2023): OKTOBER
Publisher : Trunojoyo University of Madura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21107/mediatrend.v18i2.19039

Abstract

This study aims to determine the effect of village fund utilization on increased development, empowerment and its implications for welfare ( Studies on Village Communities in Posigadan District and South Bolaang Mongondow Regency). The population in this study is the people of Posigadan District, while the sample is 150 respondents. Data collection techniques employed observation, questionnaires, and documentation. The data analysis method in this study used Structural Equation Modeling (SEM) technique with using SPSS AMOS Version 23.0 application. The results of the study show that (1) utilization of village funds has a positive and significant effect on the development, (2) utilization of village funds has a positive and significant effect on the empowerment, (3) utilization of village funds has a positive and significant effect on the welfare, (4) village development has a positive and significant effect to welfare, (5) community empowerment has a positive and significant effect on welfare as well. As for the indirect effect, it indicates that the utilization of village funds has a positive and significant effect on welfare through development, and community empowerment as an intervening variable in Posigadan District.
Penerapan Akad Pembiayaan Syariah Dan Regulasinya Di Indonesia Luqmanul Hakiem Ajuna
AL-MASHARIF: JURNAL ILMU EKONOMI DAN KEISLAMAN Vol 7, No 1 (2019)
Publisher : Institut Agama Islam Negeri Padngsidimpuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24952/masharif.v7i1.1692

Abstract

AbstractThe article explained in detail about Islamic finance and the regulations in Indonesia. This is based on demand for sharia economic modernization in Indonesia which is expected to have an impact on the ease of transactions for all its countries. The literature study is based on the theory on the Qur’an and hadith to perfect  the regulations made by state institutions that are closely related to sharia finance in Indonesia. The Financial Services Authority (OJK) which had the function organizing a comprehensive system of regulation ans supervision the activities of financial services sector in Indonesia had a gread responsibility for the success and failure of Sharia financing company in Indonesia. Besides, OJK, it also includes the National Sharia Council (DSN) of the Indonesia Ulama Council (MUI) which stated halal and illegitimated financing transactions. The collaboration between two attributes of country that had a major contributions to sharia financial transactions in Indonesia has given birth to the products of sharia financing resulting from the development of contracts that strongly prohibit usury, garar, and maysir practioners. AbstrakArtikel ini menjelaskan secara detail dan rinci pembiayaan syariah dan regulasinya di Indonesia. Hal ini didasarkan pada tuntutan moderninasi ekonomi syariah di Indonesia yang diharapkan berdampak pada  kemudahan transaksi untuk seluruh warga negaranya. Kajian kepustakaan dilakukan berdasarkan pada teori yang disandarkan pada  Alquran dan hadis untuk menyempurnakan regulasi yang dibuat oleh lembaga-lembaga yang erat hubungannya dengan pembiayaan syariah di Indonesia. Otoritas Jasa Keuangan (OJK) yang berfungsi  menyelenggarakan sistem pengaturan dan pengawasan secara menyeluruh terhadap kegiatan sektor jasa keuangan di Indonesia memiliki tanggung jawab besar atas berhasil dan gagalnya perusahaan pembiayaan syariah di Indonesia. Selain OJK, Dewan Syariah Nasional (DSN) Majelis Ulama Indonesia (MUI) yang memfatwakan halal dan haramnya transaksi pembiayaan tersbut. Kolaborasi kedua atribut negara yang memiliki andil besar terhadap transaksi keuangan syariah di Indonesia ini telah melahirkan produk-pruduk pembiayaan syariah hasil dari pengembangan akad-akadnya yang melarang praktik riba, garar, dan maysir.
Maslahah Mursalah Implementasinya Pada Transaksi Ekonomi Ajuna, Luqmanul Hakiem
ASY SYAR'IYYAH: JURNAL ILMU SYARI'AH DAN PERBANKAN ISLAM Vol 4 No 2 (2019): Asy-Syar'iyyah Desember 2019
Publisher : FAKULTAS SYARIAH DAN EKONOMI ISLAM IAIN SYAIKH ABDURRAHMAN SIDDIK BANGKA BELITUNG

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32923/asy.v4i2.1001

Abstract

Economic transactions in the financial services sector are increasing in latest years, this is indicated by the growing development of Islamic financial institutions in Indonesia supported by government policies regarding the sector. Later worries emerged as the financial sector was rapidly advancing, namely increasingly fierce competition between the managerial financial sectors in question which had an impact on the neglect of sharia values in the service products it sparked. There are many methods of ijtihad, beside Quranic and Sunnah method, that can be used as an alternative choice in maintaining sharia values in sharia financial sector products. For example the method of ijtihad maslahah mursalah which, although it is currently still debated among Muslim scholars and scholars, has an influence on the Islamic financial sector.
Transformasi Filantropi Islam Sebagai Model Pemberdayaan Zakat, Infak, Sedekah, Dan Wakaf (ZISWAF) Sahabi, Ansar; Ajuna, Luqmanul Hakiem
ASY SYAR'IYYAH: JURNAL ILMU SYARI'AH DAN PERBANKAN ISLAM Vol 7 No 2 (2022): Asy-Syar'iyyah Desember 2022
Publisher : FAKULTAS SYARIAH DAN EKONOMI ISLAM IAIN SYAIKH ABDURRAHMAN SIDDIK BANGKA BELITUNG

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32923/asy.v7i2.2770

Abstract

Philanthropy is an important thing in Islam. The form of its activities originates from religion which originates from the Qur'an and Hadith, it seems that there are zakat, infaq, alms and waqf institutions which have been improved through the mechanism of ijtihad mediation and as a result have become highly admired, widespread and practiced in the life practices of Muslim society since the beginning Islam is growing. In this article, we examine the Transformation of Islamic Philanthropy which focuses on the Transformation of Islamic Philanthropy as a Model for Empowerment of Zakat, Infaq, Alms, Waqf (Ziswaf). This research is descriptive qualitative in nature, namely analyzing Islamic philanthropy, using the "Library Research" literature study approach. The results show that philanthropy is important in Islam. Philanthropy stems from the desire to harness and strengthen community independence. Throughout its history, philanthropy has developed into two forms: traditional philanthropy and social justice philanthropy. In the era of digital philanthropy entering a new era. The combination of the digital world and modern philanthropy can become digital philanthropy. So that philanthropic movements can be carried out on various social media.
Evaluating Financial Performance of Mining Companies Listed on Jakarta Islamic Index Ajuna, Luqmanul Hakiem; Yusuf, Sri Dewi
Share: Jurnal Ekonomi dan Keuangan Islam Vol 13, No 1 (2024)
Publisher : Faculty of Islamic Economics and Business, Universitas Islam Negeri Ar-Raniry

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22373/share.v13i1.17814

Abstract

In Indonesia, mining companies play a crucial role in supporting government economic initiatives. Consequently, assessing their financial performance becomes vital to ensure their viability and contribution to national economic goals. This study investigates the financial performance of mining companies listed on the Jakarta Islamic Index (JII) from 2017 to 2020. Utilizing purposive sampling, financial statements for four companies were obtained from their official websites, the OJK (Financial Services Authority), and the IDX (Indonesia Stock Exchange). A one-way ANOVA test was employed to compare the financial ratios across these companies. The analysis focused on liquidity, activity, solvency, and profitability ratios. The findings reveal that PT. Adaro Energy Tbk (ANDRO) achieved the highest performance, meeting five out of ten industry standard ratios. PT. Aneka Tambang Tbk (ANTM) and PT. Bukit Asam Tbk (PTBA) followed, each meeting four ratios. PT. Vale Indonesia Tbk (INCO) demonstrated the lowest performance, achieving only two industry standard ratios. This research contributes to the understanding of financial performance variations within the JII's mining sector, highlights areas for potential improvement, and offers valuable insights for investors and policymakers.==============================================================================================================ABSTRAK – Mengevaluasi Kinerja Keuangan Perusahaan Pertambangan yang Terdaftar pada Jakarta Islamic Index. Di Indonesia, perusahaan pertambangan memiliki peran penting dalam mendukung inisiatif ekonomi pemerintah. Konsekuensinya, penilaian kinerja keuangan mereka menjadi vital untuk memastikan kelangsungan hidup dan kontribusi mereka terhadap tujuan ekonomi nasional. Penelitian ini menyelidiki kinerja keuangan perusahaan pertambangan yang terdaftar di Jakarta Islamic Index (JII) dari tahun 2017 hingga 2020. Penelitian ini menggunakan metode purposive sampling untuk memilih empat perusahaan pertambangan yang terdaftar di JII. Laporan keuangan perusahaan diperoleh dari situs web resmi mereka, OJK (Otoritas Jasa Keuangan), dan IDX (Bursa Efek Indonesia). Analisis data menggunakan uji ANOVA satu arah untuk membandingkan rasio keuangan antar perusahaan, dengan fokus pada rasio likuiditas, aktivitas, solvabilitas, dan profitabilitas. Hasil penelitian menunjukkan bahwa PT. Adaro Energy Tbk (ANDRO) mencapai kinerja tertinggi, dengan memenuhi lima dari sepuluh rasio standar industri. Diikuti oleh PT. Aneka Tambang Tbk (ANTM) dan PT Bukit Asam Tbk (PTBA) yang masing-masing memenuhi empat rasio. PT. Vale Indonesia Tbk (INCO) menunjukkan kinerja terendah, hanya mencapai dua rasio standar industri. Penelitian ini memberikan gambaran yang jelas mengenai kinerja keuangan perusahaan pertambangan yang terdaftar di JII. Hasil penelitian ini dapat membantu investor dan pembuat kebijakan dalam mengambil keputusan terkait sektor pertambangan.
Maximizing Returns: The Impact of Key Ratios on Bank Mega Syariah's ROA Najib, Intan Permatasari; Ajuna, Luqmanul Hakiem; Rusdi, Wahyudi; Kadim, Immawan Muhajir
Journal of Principles Management and Business Vol. 3 No. 02 (2024): October 2024
Publisher : Scimadly Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55657/jpmb.v3i02.184

Abstract

This study investigates the factors influencing Return on Assets (ROA) at PT. Bank Mega Syariah, focusing on Non-Performing Financing (NPF), Financing to Deposit Ratio (FDR), and Operating Costs to Operating Income (BOPO). The research utilizes quarterly financial reports from PT. Bank Mega Syariah for the 2016–2023 period and applies a quantitative research approach. Data analysis includes classical assumption testing, multiple linear regression analysis, and hypothesis testing. The classical assumption test confirms that the data meets the requirements for multiple linear regression modeling. The hypothesis testing reveals that NPF has a significant positive effect on ROA, with a p-value of 0.007 (< 0.05) and a t-value of 2.894. Conversely, FDR, with a p-value of 0.308 (> 0.05) and a t-value of 1.038, shows no significant effect on ROA despite its positive direction. BOPO demonstrates a significant negative effect on ROA, with a p-value of 0.000 (< 0.05) and a t-value of -5.374. Additionally, the F-test results indicate a significant simultaneous effect of NPF, FDR, and BOPO on ROA, with a p-value of 0.000 (< 0.05). These findings highlight the importance of efficient cost management and asset quality in enhancing profitability, while FDR requires further exploration for its potential role in financial performance.
Building an optimal portfolio of Sharia-compliant stocks using the Markowitz model: A study of listed JII companies Ajuna, Luqmanul Hakiem; Dukalang, Hendra; Ardi, Muhammad
Jurnal Ekonomi & Keuangan Islam Volume 11 No. 2, July 2025
Publisher : Faculty of Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/JEKI.vol11.iss2.art10

Abstract

Purpose – This study analyzes the expected returns and risks associated with these stocks and identifies the optimal portfolio composition.Methodology – This study utilized operational data analysis and the Markowitz model to assess 30 stocks listed on the JII from 2017 to 2020. Through purposive sampling, 13 companies that met the specific sample criteria were selected for analysis.Findings – The analysis successfully identified an optimal portfolio composed of six stocks: ANTM (Aneka Tambang Tbk), ICBP (Indofood CBP Sukses Makmur), INCO (Vale Indonesia Tbk), KLBF (Kalbe Farma Tbk), PTBA (Bukit Asam Tbk), and UNTR (United Tractors Tbk). This portfolio demonstrates an expected rate of return ranging from 0.28% to 1.88%. Notably, the portfolio's overall risk value was calculated to be only 0.19%, which is significantly lower than the individual risk associated with any single stock within the portfolio.Implication – This study provides valuable insights for investors looking to build a balanced and Shariah-compliant investment portfolio, improving their understanding of expected returns and associated risks in Islamic financial markets.Originality – The abstract does not explicitly state the originality section. However, the unique combination of focusing on JII-listed Sharia stocks and applying the Markowitz model to identify an optimal portfolio can be inferred as the original contribution of this study. The context of Islamic financial markets distinguishes it from that of a general investment study.
Co-Authors A. Mokoagow Abdul Latif Abdul Latif Alfitra Paputungan Ansar Sahabi Aris Setiawan Karim Dukalang, Hendra Kadim, Immawan Muhajir Moh. Akbar Ibrahim Muhamad Ichksanul Muhammad Amri Muhammad Amri Muhammad Ardi Muhammad Ardi, Muhammad Muhammad Nur Najib, Intan Permatasari Nurain Kude Rahmat Labatjo Riya Andriyani Ahmad Roni Mohamad Rusdi, Wahyudi Sahabi, Ansar Silvana Masita Lestari Spandi Rauf Sri Dewi Yusuf Syawaluddin Syawaluddin Tenti Dehi Vany Rolliyta Ansir