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All Journal International Journal of Islamic Economics and Finance (IJIEF) Jurnal Ekonomika dan Bisnis Islam
Romadhani, Karunia
Unknown Affiliation
Economics, Econometrics & Finance

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PENGARUH MAQASHID SYARIAH DAN EFEKTIVITAS PROGRAM MEC TERHADAP KESEJAHTERAAN MUSTAHIK MELALUI PRODUKTIVITAS KERJA Romadhani, Karunia; Annisa, Duta; Widiastuti, Tika
Jurnal Ekonomika dan Bisnis Islam Vol 7 No 2 (2024): Agustus
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26740/jekobi.v7n2.p1-17

Abstract

This study investigates the effect of maqasid sharia and the effectiveness of the MEC (Mandiri Entrepreneur Center) of LAZ Yatim Mandiri Surabaya program on mustahik welfare through work productivity as an intervening variable. Previously, there were previous studies that discussed the effect of maqasid sharia using qualitative methods. However, the method used in this study is quantitative by distributing questionnaires online and SEM-PLS as an analytical tool. The results showed that the value of maqashid sharia has a significant effect on work productivity and mustahik welfare. In contrast, the effectiveness of the MEC program has no effect on work productivity and mustahik welfare. Furthermore, work productivity is proven to be significant as an intervening variable that mediates the maqasid sharia principle in influencing mustahik welfare. In conclusion, a maqasid sharia-oriented approach has an important role in improving the welfare of mustahik through increased work productivity. Therefore, the integration of ethical and moral values in economic empowerment programs through zakat can be an effective strategy to improve mustahik welfare and encourage mustahik to transform into muzaki.
Determinants of Economic Growth in OIC Countries: Comparative Analysis by Income Level Romadhani, Karunia; Nurrizka Puji, Lestari; Herianingrum, Sri; Abdurrahman Mi'raj, Denizar
International Journal of Islamic Economics and Finance (IJIEF) Vol. 8 No. 2 (2025): IJIEF Vol 8 (2), July 2025
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/ijief.v8i2.25915

Abstract

Economic growth disparities among OIC member states remain a persistent challenge that demands nuanced, data-driven policy responses. This study investigates the determinants of economic growth in OIC member states from 2010 to 2022. This study offers new insights by analysing four macroeconomic variables, explicitly distinguishing between high and low-income nations. The study's approach provides an in-depth understanding of how each variable impacts different stages of development, supporting more adaptive monetary and fiscal strategies. Panel regression analysis was employed, with a random effects model applied to the low-income country group and a common effects model used for the high-income group. The findings reveal a consistent negative impact of private debt on economic growth across both income groups. In contrast, inflation exhibited no significant influence on economic development in either category. FDI has shown a positive effect on the economic development of high-income countries, while no significant effect was observed for low-income countries. Conversely, trade openness has significantly stimulated economic growth in low-income nations, whereas no significant impact has been observed in high-income countries. Based on these findings, policy recommendations for OIC member states should prioritize debt reduction strategies across all income levels. Policies to enhance FDI in developed economies and promote trade openness are essential for economic growth in low-income OIC member countries.
Co-Authors Abdurrahman Mi'raj, Denizar Annisa, Duta Nurrizka Puji, Lestari Sri Herianingrum Tika Widiastuti