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Does Financial Literacy Drive Waqf Intention? Insights from Pesantren-Based Universities Aisia, Galih; Bimantara, Andika Rendra; Rahmanita, Fahmilia; Ghazali, Noora Fauzia; Astuti, Wahyu Puji
Journal of Islamic Contemporary Accounting and Business Vol. 3 No. 2 (2025): JICAB
Publisher : Tazkia Islamic University College

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/jicab.v3i2.557

Abstract

This study investigates the relationship between financial literacy and the intention to participate in waqf among lecturers and staff of Universitas Darussalam Gontor, a pesantren-based university. Using a quantitative research design with a deductive approach, data were collected through questionnaires distributed to a sample of 132 respondents selected via the Slovin method from a total population of 196 individuals. Regression analysis demonstrates that financial literacy has a positive and statistically significant effect on waqf intention, indicating that individuals with higher financial knowledge are more inclined to contribute to waqf. The findings provide empirical evidence that improving financial literacy can enhance philanthropic behavior and promote sustainable Islamic social finance. The study highlights the strategic role of pesantren-based universities in fostering waqf awareness through financial education programs. Implications of this research suggest the need for policymakers and educational institutions to integrate financial literacy into academic curricula and community initiatives to strengthen waqf participation as a sustainable instrument for social and educational development.
PERAN PERAN WAKAF PRODUKTIF DALAM PEREKONOMIAN: Strategi Pengembangan Wakaf Produktif, Implementasi Peran Wakaf Produktif Dalam Perekonomian Sunjoto, Arie Rachmat; Nurus Shefrilianti Hidayatullah; Aisia, Galih; Maharani, Najwa Zikra; Rizqon, Abdul Latif
Jurnal Istiqro Vol. 11 No. 2 (2025): Juli 2025
Publisher : Universitas KH. MUkhtar Syafaat (UIMSYA) Blokagung Banyuwangi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30739/istiqro.v11i2.3365

Abstract

A healthy economy is the desire of every country, especially Indonesia. However, the ever-increasing number of poor people is a common global problem. Waqf is an Islamic instrument that can address socio-economic issues. Proper management of productive waqf by a nadzir (manager) can develop the waqf and advance the community's economy. This study aims to identify and analyze the role of productive waqf in economic development. This study uses a qualitative research method with a literature review approach. This research is based on books, journals, articles, information, and other sources relevant to the discussion topic. This study suggests that productive waqf, managed well by a nadzir, can increase waqf productivity. Thus, waqf funds can be used to improve the community's standard of living and create sustainable businesses that can improve the welfare of the community.
A Vector Error Correction Model (VECM) Investigation on Islamic Monetary Policy on Indonesia’s Economic Growth Harsoyo, Nusa Dewa; Novita, Fitri; Suminto, Ahmad; Aisia, Galih
Iqtishodia: Jurnal Ekonomi Syariah Vol. 11 No. 1 (2026): March
Publisher : Universitas Al-Qolam Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35897/iqtishodia.v11i1.2390

Abstract

Sharia monetary policy is regulated to increase effectiveness in responding to economic developments, particularly in the monetary sector. Indonesia, as a country that implements a dual monetary system, plays a role in balancing the mechanisms of monetary operations and their impact on national economic development. The purpose of this study is to examine the impact of Islamic monetary policy on Indonesia's economic growth from 2020 to 2024. This research uses a quantitative approach with Vector Error Correction Model (VECM) analysis estimation model with the Gross Domestic Product (GDP) as the dependent variable. Sharia Open Market Operation (OPTS), Sharia Indonesian Bank Deposit Facilities (FASBIS) and Sharia Open Market Operation (PUAS) of Islamic monetary policy as independent variables. The results of this study show that the variables that influence GDP are OPTS which is significantly negative and FASBIS which is significantly positive in the long term, while all variables have no effect in the short term. Further research on this topic is recommended to extend the observation period and use other analysis techniques to overcome the limitations of this study in terms of sensitivity to data volume and lag. This study contributes to Islamic monetary economics by showing that Islamic monetary instruments have stronger long-term than short-term effects on economic growth. FASBIS and Sharia Open Market Operations significantly influence GDP, while PUAS has limited impact. Practically, the findings support Bank Indonesia and Islamic banks in optimizing liquidity management and strengthening Islamic monetary policy effectiveness for sustainable economic growth.