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Exploring Islamic Social Finance Practices in Muslim Countries Outside ASEAN Samsudin, Samsudin; Fajrillah, Fajrillah; Lubis, Muhammad Arifin; Lubis, Ali Topan; Siregar, Saparuddin; Juliati Nasution, Yenni Samri
Jurnal Penelitian Medan Agama MEDAN AGAMA, VOL. 15, NO. 2, DECEMBER 2024
Publisher : Universitas Islam Negeri Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58836/jpma.v15i2.23068

Abstract

Islamic social finance, such as zakat, waqf, and alms, plays an important role in supporting social welfare and economic development in Muslim countries. The purpose of this paper is to analyze the implementation of sharia social finance in several Muslim countries outside ASEAN, focusing on the implementation mechanisms, challenges, and impacts of such instruments on social and economic development. Digitalization has changed the way Islamic social finance is managed by increasing accessibility, transparency, and efficiency. The application of technology such as sharia fintech, blockchain, and halal crowdfunding strengthens the role of zakat, waqf, and alms in supporting social welfare in Muslim countries outside ASEAN. This research uses a qualitative method based on literature studies with reference to international journals, reports of Islamic financial institutions, and related secondary data. The focus of the research includes how social financial instruments are managed, the role of governments and private institutions in their implementation, and their contribution to poverty alleviation and social welfare. The main results show that the implementation of sharia social finance in countries such as Turkey or Saudi Arabia has succeeded in improving access to education, health services, and community empowerment. However, there are still challenges in the form of low financial literacy, bureaucratic constraints, and the need to increase cooperation between the public and private sectors. The digitalization of Islamic finance has emerged as a potential solution to increase transparency and efficiency in the management of social funds.
Implementation Of Marketing Strategies In Increasing Product Sales Siregar, Saparuddin; Putra, Irhamsyah; Dila Sari, Cut
Taqaddum: Community Service Journal Vol 1, No 1 (2023): Taqaddum: Community Service Journal
Publisher : Universitas Islam Negeri Sumatera Utara

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Abstract

This journal discusses the implementation of marketing strategies as the main key in increase product sales in the Ara fashion industry. This research uses a case study approach to analyze how effective marketing strategies can contribute to sales growth of a product. The methodology involves surveys, interviews, and data analysis to measure the impact of implemented marketing strategies. The research results show that the use of appropriate marketing strategies, such as utilizing social media, improving branding, and product promotion, can significantly increase consumer awareness and, in turn, accelerate the rate of sales. The practical implications of these findings can provide valuable guidance for industry players in designing effective marketing strategies to improve the sales performance of their products.
Sharia-Based Zakat Fitrah Management to Support the Mustahiq Economy During Eid al-Fitr Hasby, Muhammad; Siregar, Saparuddin; Arsyadona, Arsyadona
Proceeding International Conference on Islamic Economics Community Services (ICIECS) Vol 2 (2024): Proceeding International Conference on Islamic Economics Community Services
Publisher : Universitas Islam Negeri Sumatera Utara

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Abstract

The purpose of this article is to provide an explanation of the management of zakat fitrah, that zakat fitrah is very important to be paid and implemented. A strong understanding of zakat fitrah, an understanding from a religious perspective about zakat fitrah and the obligation to carry it out. This article is also done to find out the values of zakat fitrah and its relation to the socio-economy, so here we will prove its suitability. This article is also theoretical and conceptual in nature where we will present theories about zakat from various sources and look deeper to get appropriate results. Whatever the form, the most important thing is the awareness of the obligation of zakat (muzakki). And know how zakat fitrah affects during Eid al-Fitr.
Optimization of Pricing Strategies to Enhance Purchase Decisions for Internet Packages in Medan Community Cania, Ema Saswita; Hasibuan, Abdul Mulia; Pramaisela, Aisya Trixsi; Siregar, Saparuddin
Proceeding International Conference on Islamic Economics Community Services (ICIECS) Vol 1 (2023): Proceeding International Conference on Islamic Economics Community Services
Publisher : Universitas Islam Negeri Sumatera Utara

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Abstract

Indonesia, as a developing country with a large population, has a highly potential market in the telecommunications sector, particularly for internet packages. Telkomsel, one of the largest providers in Indonesia, faces challenges in addressing the perception of higher prices compared to its competitors. This study aims to evaluate Telkomsel's pricing strategy and its impact on consumer purchasing decisions, focusing on the Medan area, which has seen rapid growth in internet usage. The methods used in this research include Deep Interviews to understand why consumers choose Telkomsel despite its higher prices, and Training for Telkomsel’s management team on setting more competitive prices without sacrificing quality. The results from the training show that Telkomsel’s management team has begun implementing pricing strategies that better align with consumers' purchasing power, emphasizing service quality as an added value. The discussion of results indicates that although Telkomsel's internet package prices are considered high, consumers still choose Telkomsel due to its superior service quality, including extensive network coverage, fast and stable signals, and the ability to reach remote areas. Effective communication strategies about these advantages and customer loyalty programs have proven to increase customer satisfaction and loyalty.