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All Journal Ekonomi Islam Indonesia Halal Tourism and Pilgrimage
Shandyka, Muhammad Taqy
Unknown Affiliation
Religion Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Environmental Science Library & Information Science

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Predicting Global Halal Travel Industry Market Share Fathi, Muhammad; Shandyka, Muhammad Taqy; Putra, Gian Adit
Halal Tourism and Pilgrimage Vol. 4 No. 2 (2024): Halal Tourism and Pilgrimage
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/htp.v4i2.691

Abstract

The halal travel industry is one of the fastest-growing sectors in the global Islamic economic ecosystem. As the number of the world's Muslim population increases, the need for tourism services in accordance with sharia principles is also increasing. This study aims to predict the market share (market size) of the global halal travel industry using historical data for the period 2012–2017. Data was obtained from the Global Islamic Economics Report (GIER) 2018 published by Thomson Reuters. The analysis methods used include Trend Analysis, Multiplicative Decomposition, and Exponential Smoothing with Trend with the help of POM-QM software version 3. The results of the study show that in general, the market share of the global halal travel industry has experienced a significant increasing trend. Based on the forecasting accuracy indicator measured through the Mean Absolute Percentage Error (MAPE) value, the Trend Analysis and Multiplicative Decomposition methods show a relatively better level of accuracy than the Exponential Smoothing with Trend method. These findings are expected to be a reference for policymakers and industry players in formulating strategies for the development of the halal travel industry at the global level.
Strategy to Increase the Efficiency of Sharia Banks Fathi, Muhammad; Shandyka, Muhammad Taqy
Ekonomi Islam Indonesia Vol. 7 No. 2 (2025): Ekonomi Islam Indonesia
Publisher : SMART Insight

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58968/eii.v7i2.698

Abstract

Efficiency is one of the main challenges faced by the Islamic banking industry in Indonesia, especially in the face of competitive pressures, limited business scale, and performance sustainability demands. This study aims to identify and prioritize strategies to improve the efficiency of Islamic banks in Indonesia based on the views of experts. The method used is the Delphi method involving nine expert respondents consisting of academics, practitioners, and Islamic banking regulators. The analysis was carried out using statistical indicators in the form of mean values, standard deviations, and interquartile range (IR) to measure the consensus level. The results of the study showed that of the twelve variables of the strategy to improve the efficiency of Islamic banks, ten variables reached a consensus, while two variables were declared non-convergent. The three main strategies prioritized by experts are increasing revenue, optimizing branch office networks, and increasing organizational effectiveness. These findings provide strategic implications for Islamic bank management and regulators in formulating more targeted and sustainable efficiency improvement policies.
Co-Authors Fathi, Muhammad Putra, Gian Adit