Firman, Asmen Junaidi
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Peramalan Pembiayaan Modal Kerja pada Bank Syariah di Indonesia: Aplikasi Model ARIMA Firman, Asmen Junaidi; Binangkit, Intan Diane
SUSTAINABLE Vol 5 No 2 (2025): Volume 5 No 2, November 2025
Publisher : UMSurabaya Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/stb.v5i2.28401

Abstract

This study aims to forecast working capital financing for Islamic Commercial Banks (BUS) and Sharia Business Units (UUS) in Indonesia using the ARIMA model as a basis for strategic decision-making. The research object is the total working capital financing of BUS and UUS based on monthly data from January 2017 to March 2025. The research stages include descriptive statistical analysis, stationarity testing with Augmented Dickey-Fuller, identification of ACF/PACF patterns, parameter estimation and significance testing, residual validation, and selection of the best model based on AIC, SBC, and MSE criteria. The analysis results show the ARIMA(8,1,7) model as optimal with AIC 18.6304 and MSE 6,792,148, while residuals meet white noise and normality assumptions. The 12-month forecast (April 2025–March 2026) indicates an increasing financing trend from Rp130.3 trillion to Rp148.98 trillion, despite moderate fluctuations in some months. The discussion confirms that ARIMA captures historical dynamics and external volatility, enabling forecast integration into decision systems for fund allocation optimization and liquidity risk mitigation. In conclusion, ARIMA(8,1,7) proves accurate for predicting BUS-UUS working capital financing and supports Islamic banking management strategies in Indonesia.
Building a halal MSME incubator in a heritage district: A qualitative single-case study of the Kauman Solo halal culinary area Maramis, Muhamad Iqbal Haqiqi; Firman, Asmen Junaidi; Widiastuti, Tika; Mawardi, Imron; Soleh, Mochammad
Journal of Halal Science and Research Vol. 7 No. 1 (2026): February
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/jhsr.v7i1.13447

Abstract

This study explores how the Kauman Solo Halal Culinary Area contributes to strengthening the halal ecosystem and improving the performance of MSMEs, as well as formulating an Islamic value-based incubation model. The approach used is qualitative phenomenological with a single case study design. Informants were selected purposively and through snowball sampling, including JPH regulators/authorities, area/community managers, MSME actors, and financial-philanthropy partners (Bank Syariah Indonesia as a distributor, Jamkrindo Syariah as a guarantor, and BAZNAS as a qardhul hasan supporter). Primary data were collected through semi-structured in-depth interviews (45–90 minutes in length), field observations, and document reviews; all informants provided informed consent and were anonymized. Data analysis followed the Miles & Huberman process (reduction–presentation–conclusion) with the help of NVivo 12 for thematic coding (open–axial) and node mapping. The validity of the findings was ensured through triangulation of sources and methods, limited member checking, and audit trails. The results show that: (i) the region encourages increased readiness for halal certification, digital adoption, and market access for MSMEs; (ii) the three-stage incubation model (pre-incubation–core–acceleration) effectively closes the capability gap; (iii) the region's collective financing scheme—a collaboration between BSI, Jamkrindo Syariah, and BAZNAS—accelerates inclusive capacity expansion. The study offers a conceptualization of the "Halal Heritage Hub" as a framework for replication in other regions, along with policy implications for strengthening the halal ecosystem. Keywords: Halal culinary area, Halal value chain, Islamic business model, Local economic development, MSME business incubation.
What Drives Participation in Online Cash Waqf? Integrating Religious, Social, and Technological Factors Firman, Asmen Junaidi; Zaki, Irham; Hidayat, Rahmad; Binangkit, Intan Diane
Lan Tabur: JURNAL EKONOMI SYARIAH Vol. 7 No. 2 (2026): (March)
Publisher : LAN TABUR: Jurnal Ekonomi Syariah The Islamic University of KH. Achmad Muzakki Syah Jember, East Java. Jember Jln. Manggar Gebang Poreng 139A Patrang Jember Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53515/lt.v7i2.153

Abstract

Online cash waqf has grown rapidly alongside the digitalization of Islamic philanthropy in Indonesia; however, public literacy, awareness, and participation remain relatively low compared to its national potential. This study positions itself within the behavioral and Islamic finance literature by examining key determinants of individuals’ intention to participate in online cash waqf. Specifically, it investigates the effects of religious motivation, Islamic financial literacy, subjective norm, awareness, and perceived ease of use. Employing a quantitative approach, this study analyzes survey data from 150 Indonesian Muslim respondents using Partial Least Squares-Structural Equation Modeling (PLS-SEM) to test direct and indirect relationships, including mediation effects. The results indicate that subjective norm, awareness, and perceived ease of use have a significant positive influence on participation intention. Conversely, religious motivation and Islamic financial literacy do not have a direct effect; their influence is mediated through awareness and subjective norm. These findings demonstrate that social influence, cognitive awareness, and technological convenience play a more decisive role than religiosity or financial literacy alone. The study concludes that increasing participation in online cash waqf requires strengthened public education, improved digital platform usability, and community-based social campaigns, with practical implications for nazhir institutions and regulators.