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All Journal Al-Kharaj: Journal of Islamic Economic and Business JURNAL ILMIAH GEMA PERENCANA
Isnaini Harahap
State Islamic University of North Sumatra
Religion Humanities Civil Engineering, Building, Construction & Architecture Economics, Econometrics & Finance Education

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Analysis of Village Income Dependence on Funds Government Transfers: A Case Study in Sukandebi Village Anwar Fadly Sitepu; Isnaini Harahap; Sugianto
Al-Kharaj: Journal of Islamic Economic and Business Vol. 8 No. 1 (2026): All articles in this issue include authors from 3 countries of origin (Indonesi
Publisher : LP2M IAIN Palopo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24256/kharaj.v8i1.9659

Abstract

This study discusses the phenomenon of Sukandebi Village's income dependence on government transfer funds, which has increased significantly following the implementation of Law Number 6 of 2014 concerning Villages. The purpose of this study is to analyze the level of fiscal dependence of the village during the 2023–2025 period and to identify the factors causing the drastic decline in Village Original Income (PADes). The research employs a quantitative approach with a descriptive case study design, using secondary data derived from the Budget Realization Reports (APBDes and LRA) of Sukandebi Village. Data analysis was conducted through descriptive statistics and the calculation of the fiscal dependence ratio. The results show that the village's fiscal dependence increased from 92.91% in 2023 to 98.65% in 2025, accompanied by a decline in PADes from IDR 71 million (2023) to IDR 13 million (2025). These findings indicate the dominance of transfer funds, which has triggered a flypaper effect, as well as weak asset management and the absence of a Village-Owned Enterprise (BUMDes). The implications of this study emphasize the need for income diversification strategies, optimization of local potential, and capacity building for village officials to achieve sustainable fiscal independence.
Menavigasi Pasar Modal Syariah: Pengaruh Komoditas, Makroekonomi, dan Mata Uang Kripto dalam Kerangka Keuangan Islam di Indonesia Didik Gunawan; Andri Soemitra; Isnaini Harahap
JURNAL ILMIAH GEMA PERENCANA Vol 4 No 2 (2025): Jurnal Ilmiah Gema Perencana
Publisher : POKJANAS Bekerja Sama Biro Perencanaan dan Penganggaran, Sekretariat Jenderal Kementerian Agama RI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61860/jigp.v4i2.253

Abstract

This study examines the dynamic interaction of commodity prices (crude oil, gold, coal), macroeconomic indicators (exchange rates, inflation, interest rates), and cryptocurrencies (Bitcoin, Ethereum) on the Indonesian Islamic stock market, using the Jakarta Sharia Index (JII) as a benchmark. The research method employed a quantitative approach, with a Vector Error Correction Model (VECM) model with weekly data from 2018 to 2024. This study found that crude oil and coal prices have a positive effect on the JII in the short term, while gold acts as a safe haven asset with a negative correlation. Exchange rate depreciation and inflation negatively impact the JII, and interest rates have an indirect effect. Cryptocurrencies exhibit a weak correlation, offer diversification potential but raise Sharia compliance concerns due to speculative risks. These findings contribute to the understanding of the impact of global markets on Islamic investment and provide information to policymakers and investors in aligning strategies with the principles of maqasid Sharia.
Co-Authors Andri Soemitra Anwar Fadly Sitepu Didik Gunawan Sugianto