Arphandee Hasan
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Policy Hotspots for Islamic Green Finance: Navigating the Global Path to Economic Sustainability Lia Kian; Sofyan Abas; Rafiqah; Arphandee Hasan
JOURNAL OF ISLAMIC ECONOMICS AND BUSSINES ETHICS Vol 3 No 1 (2026): JIESBI: Journal of Islamic Economics and Business Ethics
Publisher : IAIN Syekh Nurjati Cirebon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24235/jiesbi.v3i1.527

Abstract

This study examines the implementation of Islamic green finance through a policy hotspot framework that emphasizes synergy among regulators, Islamic financial institutions, and business actors within the green financing ecosystem. Using a qualitative library-based method with normative, conceptual, and content analysis approaches, this research analyzed secondary data from reports and studies published by the United Nations Environment Programme (UNEP), IMF, World Bank, ICMA, UNDP, IPCC, EIU, and relevant prior studies from 2018 to 2025. The data focused on the development of green finance and Islamic green finance in Europe, Asia, and selected Islamic countries, including Saudi Arabia, the United Arab Emirates, Indonesia, and Malaysia. Based on post-Paris Agreement developments (2018–2022), this study proposed an Islamic green finance model for house building as a policy hotspot to navigate the global path toward sustainable development with social, economic, and environmental impacts. The proposed model consists of four key pillars: (1) Islamic values and principles, including maqāṣid al-sharīʿah, justice (adl), and balance (mizan); (2) Islamic financial instruments such as green sukuk, productive zakat, cash waqf, murabahah, and green ijarah; (3) regulatory and policy support involving green taxonomy, central banks, financial authorities, and ulema councils; and (4) integrated policy implementation grounded in sharia principles. This model is expected to serve as a reference for Indonesia and other countries in developing inclusive and sustainable Islamic green finance.
Fintech and Impulse Buying: How Payment Technology is Changing the Shopping Behavior of Young People in Cirebon Budi Rusdian; Rita Kusumadewi; Atiatul Maollah; Arphandee Hasan
Al-Amwal : Jurnal Ekonomi dan Perbankan Syari'ah Vol 18, No 1 (2026)
Publisher : UIN Siber Syekh Nurjati Cirebon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70095/alamwal.v18i1.23655

Abstract

Introduction: This study evaluates the impact of payment technology, such as fintech payments, on how young people shop and on the rise of impulse purchases, given its convenience. This research aims to explore how fintech payments contribute to market growth and stability.Methods: This study employed a quantitative approach, using SEM analysis, with a sample of 100 respondents. The SmartPLS programs were used to analyze the data collected for this study. Convergent validity was examined using outer loading and AVE, and Cronbach's Alpha and Composite Reliability (rho_a and rho_c) were used as indicators of internal consistency. This study also utilized a literature review approach and examined the impact of fintech payments and impulse buying on the consumption behavior of young people.Results: The results showed that fintech payment and impulse buying positively and significantly affected consumptive buying partially and simultaneously. Fintech payments have a very small influence on consumer behavior, while credit card use has the greatest impact.Conclusion and suggestion: This study showed that many young people remain unaware of the consequences of the conveniences they enjoy, and that these conveniences inevitably come with sacrifices. It is suggested that young people, especially in Cirebon city, be educated in financial literacy and financial management.