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The Determinants of Islamic Rural Banks’ Efficiency in Indonesia Wastuti, Wahyu; Thalib, Herni Ali Husin; Fitrijanto, Arief
International Journal of Islamic Economics and Finance (IJIEF) Vol. 8 No. 1 (2025): IJIEF Vol 8 (1), January 2025
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/ijief.v8i1.21491

Given the critical role of Islamic Rural Banks (IRB) in supporting financial inclusion and economic stability in Indonesia, this research urgently highlights the need for strategic improvements in IRB efficiency to ensure sustainable growth and resilience in the face of economic uncertainties. This research aims to assess the effectiveness of Islamic Rural Banks (IRB) in Indonesia. In the second phase, the study examines the impact of Risk Profile, Good Corporate Governance (GCG), Earnings & Capital (RGEC) factors on IRB efficiency. Additionally, the research analyzes the influence of the Maqasid Sharia Index (MSI) on IRB efficiency. The methodology involves employing Data Envelopment Analysis (DEA) followed by a Multinomial Logistic Regression test, using a sample of 119 IRB across Indonesia. The research period of this article is from the fourth quarter of 2019 to the fourth quarter of 2021. The DEA results categorize 516 and 693 data observations as high efficiency for intermediation and production approaches, respectively. Risk Profile factors (NPF & FDR) significantly affect IRB efficiency. GCG factors, specifically Board of Directors’ Ownership & Board of Commissioners’ Ownership, have a significant impact on IRB efficiency, but only in the intermediation approach. Earnings, represented by ROA, significantly influence both approaches, while ROE yields opposite results. Capital, represented by CAR, significantly affects the intermediation approach. The Sharia factor, MSI, demonstrates a significant impact on IRB efficiency in both intermediation and production approaches. These findings serve as an academic reference for IRB managers, guiding decision making to enhance efficiency in the future.

Unveiling the Link Between Leverage and Firm Performance: A Comparative Analysis of Sharia and Non-Sharia Compliant Firms in the Indonesia Stock Exchange Mahfirah, Titis Fatarina; Suherman, Suherman; Widyastuti, Umi; Mohidin, Rosle; Sari, Maylia Pramono; Heryana, Toni; Wastuti, Wahyu; Dewi, Monica
Journal of Business and Behavioural Entrepreneurship Vol. 9 No. 1 (2025): Journal of Business and Behavioural Entrepreneurship
Publisher : Fakultas Ekonomi, Universitas Negeri Jakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21009/JOBBE.009.1.06

This study investigates the influence of leverage on the performance of non-financial sector companies listed on the Indonesia Stock Exchange between 2012 and 2021. The analysis is segmented into three subsets: all companies, Sharia-compliant firms, and non-Sharia-compliant firms. Leverage is gauged through four metrics: debt to total asset ratio (DAR), debt to total equity ratio (DER), short-term debt to total assets (STD), and long-term debt to total assets (LTD). Firm performance is evaluated using return on assets (ROA), return on equity (ROE), and Tobin's Q. The study employs a quantitative approach, utilizing data from publicly listed companies. Leverage and performance are quantified using the specified metrics. Statistical analyses, including regression models, are conducted to examine the relationship between leverage and performance in each of the three subsets. The primary findings indicate a negative and statistically significant correlation between leverage and firm performance, as measured by ROA and ROE, across all company subsets. However, there is a positive and statistically significant impact of leverage on Tobin's Q. A more detailed analysis within the Sharia-compliant subset reveals a negative impact of leverage on all leverage indicators concerning ROA and ROE. In contrast, within the non-Sharia-compliant subset, leverage has a negative and statistically significant influence on ROA and ROE, but a positive and statistically significant effect on Tobin's Q. These empirical findings suggest that leverage has a detrimental and statistically significant association with a firm's accounting performance, as evidenced by ROA and ROE. However, it exerts a positive and statistically significant effect on the firm's market performance, as indicated by Tobin's Q. This underscores the importance of carefully managing leverage, particularly for firms operating within the Indonesian non-financial sector, to strike a balance between accounting and market performance objectives.

Financial Literacy as a Mediating Variable between Financial Behavior and Financial Inclusion: Evidence from Generation Z in Indonesia Dewi, Monica; Buchdadi, Agung Dharmawan Buchdadi; Mahfirah, Titis Fatarina; Wastuti, Wahyu
International Journal on Advanced Science, Education, and Religion Vol 8 No 2 (2025): IJoASER (International Journal on Advanced Science, Education)
Publisher : Sekolah Tinggi Agama Islam Al-Furqan, Makassar - Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33648/ijoaser.v8i2.1079

This study aims to examine the influence of financial behavior and financial literacy on financial inclusion in Generation Z in Indonesia, which is a productive age group and digital native. Although Gen Z has extensive access to digital financial technology and services, their financial literacy levels are still relatively low, affecting the quality of participation in the formal financial system. This study uses a quantitative approach with a survey method of 120 Gen Z respondents aged 18–24 years, which was analyzed using Structural Equation Modeling based on Partial Least Squares (SEM-PLS). The results showed that financial behavior had a positive and significant influence on financial inclusion (β = 0.410; p < 0.001), which means that the better their financial habits such as saving, budgeting, and managing debt, the higher their participation rate in formal financial services. In addition, financial literacy has also been shown to have a positive and significant effect on financial inclusion (β = 0.350; p < 0.001). Individuals with a strong understanding of financial products, risks, and decision-making tend to be more active and intelligent in using banking, fintech, and other financial instruments. These findings confirm that financial inclusion depends not only on physical access to financial services, but also on the quality of an individual's financial behavior and understanding. Therefore, increasing financial literacy and forming healthy financial behaviors is an important strategy in encouraging sustainable financial inclusion among the younger generation

Financial Literacy as a Mediating Variable between Financial Behavior and Financial Inclusion: Evidence from Generation Z in Indonesia Dewi, Monica; Buchdadi, Agung Dharmawan Buchdadi; Mahfirah, Titis Fatarina; Wastuti, Wahyu
International Journal on Advanced Science, Education, and Religion Vol 8 No 2 (2025): IJoASER (International Journal on Advanced Science, Education)
Publisher : Sekolah Tinggi Agama Islam Al-Furqan, Makassar - Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33648/ijoaser.v8i2.1079

This study aims to examine the influence of financial behavior and financial literacy on financial inclusion in Generation Z in Indonesia, which is a productive age group and digital native. Although Gen Z has extensive access to digital financial technology and services, their financial literacy levels are still relatively low, affecting the quality of participation in the formal financial system. This study uses a quantitative approach with a survey method of 120 Gen Z respondents aged 18–24 years, which was analyzed using Structural Equation Modeling based on Partial Least Squares (SEM-PLS). The results showed that financial behavior had a positive and significant influence on financial inclusion (β = 0.410; p < 0.001), which means that the better their financial habits such as saving, budgeting, and managing debt, the higher their participation rate in formal financial services. In addition, financial literacy has also been shown to have a positive and significant effect on financial inclusion (β = 0.350; p < 0.001). Individuals with a strong understanding of financial products, risks, and decision-making tend to be more active and intelligent in using banking, fintech, and other financial instruments. These findings confirm that financial inclusion depends not only on physical access to financial services, but also on the quality of an individual's financial behavior and understanding. Therefore, increasing financial literacy and forming healthy financial behaviors is an important strategy in encouraging sustainable financial inclusion among the younger generation

Financial Literacy as a Mediating Variable between Financial Behavior and Financial Inclusion: Evidence from Generation Z in Indonesia Dewi, Monica; Buchdadi, Agung Dharmawan Buchdadi; Mahfirah, Titis Fatarina; Wastuti, Wahyu
International Journal on Advanced Science, Education, and Religion Vol 8 No 2 (2025): IJoASER (International Journal on Advanced Science, Education)
Publisher : Sekolah Tinggi Agama Islam Al-Furqan, Makassar - Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33648/ijoaser.v8i2.1079

This study aims to examine the influence of financial behavior and financial literacy on financial inclusion in Generation Z in Indonesia, which is a productive age group and digital native. Although Gen Z has extensive access to digital financial technology and services, their financial literacy levels are still relatively low, affecting the quality of participation in the formal financial system. This study uses a quantitative approach with a survey method of 120 Gen Z respondents aged 18–24 years, which was analyzed using Structural Equation Modeling based on Partial Least Squares (SEM-PLS). The results showed that financial behavior had a positive and significant influence on financial inclusion (β = 0.410; p < 0.001), which means that the better their financial habits such as saving, budgeting, and managing debt, the higher their participation rate in formal financial services. In addition, financial literacy has also been shown to have a positive and significant effect on financial inclusion (β = 0.350; p < 0.001). Individuals with a strong understanding of financial products, risks, and decision-making tend to be more active and intelligent in using banking, fintech, and other financial instruments. These findings confirm that financial inclusion depends not only on physical access to financial services, but also on the quality of an individual's financial behavior and understanding. Therefore, increasing financial literacy and forming healthy financial behaviors is an important strategy in encouraging sustainable financial inclusion among the younger generation

Membangun Kemandirian Ekonomi Santri: Pelatihan Pencatatan dan Pelaporan Keuangan Untuk Bisnis Pesantren yang Berdaya Saing dan Berkelanjutan Purwana, Dedi; Effendi, Mohammad Sofwan; Wastuti, Wahyu; Dewi, Monica; Perwito, Putri Galuh Mustiko; Janah, Ika Miftahul; Putri, Nazwanda Junika; Waheeda, Umi
Jurnal Pemberdayaan Masyarakat Universitas Al Azhar Indonesia Vol 8, No 1 (2025): In Press
Publisher : Universitas Al Azhar Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36722/jpm.v8i1.4629

AbstrakPondok Pesantren Al Ashriyyah Nurul Iman menghadapi tantangan berupa rendahnya kapasitas pengelolaan keuangan pada unit usaha pesantren, sehingga transparansi dan akuntabilitas belum berjalan optimal. Kegiatan pengabdian masyarakat ini bertujuan meningkatkan pemahaman dan keterampilan santri serta pengelola dalam menyusun laporan keuangan yang akuntabel, transparan, dan berdaya saing. Program diikuti oleh 30 peserta selama empat minggu dengan metode edukatif-partisipatif berbasis experiential learning. Tahapan pelaksanaan meliputi persiapan, sosialisasi, pelatihan interaktif, praktik pencatatan, serta pendampingan langsung. Hasil evaluasi menunjukkan peningkatan signifikan terhadap pemahaman peserta, ditunjukkan oleh pergeseran nilai dari pre-test dengan rentang 31-40 ke nilai post-test ke kategori tinggi (85–100) dengan rata-rata 88,70. Selain itu, terbentuk tim administrasi keuangan santri yang berperan dalam mengelola keuangan pesantren secara lebih profesional, serta diterapkan sistem pencatatan digital sederhana untuk mendukung keberlanjutan tata kelola keuangan. Program ini tidak hanya memperkuat kemandirian ekonomi pesantren, tetapi juga berkontribusi terhadap pencapaian Sustainable Development Goals (SDGs), khususnya tujuan ke-8 mengenai pertumbuhan ekonomi inklusif dan berkelanjutan. Dengan demikian, kegiatan ini memberikan dampak nyata dalam mendorong transformasi manajemen keuangan di lingkungan pesantren. Kata kunci: Akuntabilitas Keuangan, Kemandirian Ekonomi, Pesantren, Pencatatan Keuangan, UMKM.

PELATIHAN BUSINESS MODEL CANVAS SEBAGAI UPAYA MENINGKATKAN INTENSI BERWIRAUSAHA PADA SANTRI AL ASHRIYYAH NURUL IMAN ISLAMIC BOARDING SCHOOL, PARUNG, BOGOR Widyastuti, Umi; Suhud, Usep; Susita, Dewi; Parimita, Widya; Cedaryana, Cedaryana; Hamidah, Hamidah; Sariwulan, Tuty; Wastuti, Wahyu; Dewi, Monica; Waheeda, Umi
Indonesian Collaboration Journal of Community Services (ICJCS) Vol. 5 No. 3 (2025): Indonesian Collaboration Journal of Community Services
Publisher : Yayasan Education and Social Center

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53067/icjcs.v5i3.220

This community service program aims to foster entrepreneurial intention among students of Al Ashriyyah Nurul Iman Islamic Boarding School in Waru Jaya Village, Parung, Bogor, through intensive training on the use of Business Model Canvas (BMC). Despite the increasing number of entrepreneurs in Indonesia, the country’s entrepreneurship ratio remains relatively low compared to neighboring Southeast Asian countries. This gap is evident within pesantren communities, which possess considerable economic potential but face challenges such as limited understanding of business planning tools, insufficient business management skills, and ineffective dissemination methods. The program addressed these challenges through a structured series of activities, including conceptual training, interactive workshops, mentoring by business practitioners, and dissemination of digital learning materials. The results demonstrated a significant increase in participants’ understanding and ability to apply the nine components of the BMC in real-world business contexts. Post-training assessments showed improved entrepreneurial confidence and intention among students. The initiative also encouraged collaborative action within the pesantren, including the formation of student entrepreneur groups and plans for sustainable business incubation. Overall, this program contributes to the development of a community-based entrepreneurial ecosystem and aligns with Sustainable Development Goals (SDGs), particularly in promoting quality education and reducing poverty through entrepreneurship education.

Cybersecurity risk awareness in mobile banking: evidence from Sabah, Malaysia Mohidin, Rosle; Lajuni , Nelson; Lestari, Rahayu; Wastuti, Wahyu; Budin , Dg Safrina Ag; Ogunkoya, Olufemi Adewale; Dewi, Monica; Muharam, Hari; Salmah
Global Advances in Business Studies Vol. 4 No. 2 (2025): Global Advances in Business Studies (GABS)
Publisher : Ifma Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar

This study investigates how Sabahan perceive and respond to cybersecurity risks when using mobile banking. This study employed partial least squares structural equation modeling (PLS-SEM) and focused on four main factors: user awareness and behavior (UAB), mobile device security (MDS), banking app security features (BASF), and perceived cybersecurity threats (CT). A total of 350 questionnaires were distributed, and 286 valid responses were analyzed. The results indicate that UAB, MDS, and BASF all play a significant role in shaping cybersecurity risk awareness (CRA), while CT showed little to no direct effect. These findings suggest that improving user education and promoting secure practices are just as important as technical safeguards. In particular, enhancing digital literacy among less tech-savvy users, ensuring that security features are simple to use, and strengthening device protections can all help reduce risks of cybersecurity. The study concludes that a combination of user-focused education and stronger security standards is necessary to improve the overall safety of mobile banking services.

FINANCING GROWTH AND BANK RISK: EMPIRICAL EVIDENCE FROM INDONESIA Wastuti, Wahyu; Prasetyowati, Riris Aishah; Anggraini, Ratna
FINANSIA : Jurnal Akuntansi dan Perbankan Syariah Vol 7 No 1 (2024): FINANSIA : Jurnal Akuntansi dan Perbankan Syariah
Publisher : Fakultas Ekonomi Dan Bisnis Islam IAIN Metro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/finansia.v7i1.7442

This study examines the crucial issue of the impact of financing growth on various dimensions of Islamic Banks in Indonesia. The growth of financing affects bank risk, profitability, and solvency. The main objective explains the relationship between financing growth and key performance indicators. The study uses ROA for profitability, EQTA for capital adequacy, NPF for bank risk, and the natural logarithm of Total Assets as a proxy for bank size. LIQD and CIR are included as additional variables to provide a more comprehensive analysis. Data for the period Q1 2012 to Q4 2020, obtained from the publication report on the OJK website. Using multiple linear regression, the findings showed a negative relationship between bank risk and financing growth. In addition, the growth of financing has a positive effect on both profitability and solvency of banks. This confirms the importance of prudential principles to optimize risk management strategies, especially in the context of a growing role in financing growth in Islamic banks.

Financial Performance of Islamic Commercial Banks Before and During the Covid-19 Pandemic in Indonesia Wastuti, Wahyu; Hasan, Asyari
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 5 No 2 (2022): Sharia Economics
Publisher : Sharia Economics Department Universitas KH. Abdul Chalim, Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v5i2.2135

The covid-19 pandemic has dropped the economy of the world. Islamic banks as part of the economy are also affected by this pandemic. The study aims to provide an overview of the performance of Islamic Commercial Banks (BUS) in Indonesia before and during the Covid-19 pandemic. The measurement of financial performance will use several financial ratios, namely ROA, CAR, NPF, FDR, BOPO, and NOM. The research sample is all BUS in Indonesia. The years 2018 and 2019 will be used as the period before the Covid-19 pandemic, while 2020 and 2021 will be used as the period during the Covid-19 pandemic. It uses a quantitative method with measurement tools: independent sample t-test and multiple linear regression. The results of the independent sample t-test are the CAR, FDR, and BOPO variables have differences in the period before the pandemic and during the pandemic. While the ROA, NPF, and NOM variables have no difference in the period before and during the pandemic. From the partial multiple linear regression test (t-test), financial ratios in the form of BOPO and NOM influence ROA. While the variables CAR, FDR, and NPF do not affect ROA. On the other hand, simultaneously the variables CAR, NPF, FDR, BOPO, and NOM affect ROA. The research results from this article can be used as a source of information by stakeholders in making policies for a better BUS future.

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