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39 Documents
<![CDATA[Takaful: Pros, Cons, and Sentiment Analysis ]]>
<![CDATA[Siti Fatimah Azzahro]]>
<![CDATA[ Islamic Social Finance Vol. 2 No. 1 (2022): Islamic Social Finance ]]>
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DOI: 10.58968/isf.v2i1.136
<![CDATA[This study aims to determine sentiment towards Islamic insurance in the last 16 years, from 2006 to 2022. The method used is descriptive statistical analysis combined with meta-analysis and sentiment from secondary data in metadata from 100 journals taken from Dimension, then processed using Microsoft Excel 2016 and SentiStrength software. The results of the sentiment analysis show that expert opinions on the development of Islamic insurance vary, with positive sentiments of 37%, negative sentiments of 34%, and neutral sentiments of 29%. Based on the results of the study, it was found that there had been researched on the topic of Islamic insurance in the scientific literature. From the results of this study, it can be seen that there are differences of opinion among some scholars regarding Islamic insurance with the results of the impact of Islamic insurance itself. So, there is a need for cooperation between scholars and Islamic insurance experts to determine the law of Islamic insurance itself. This is complemented by the dissemination of literacy regarding Islamic insurance and its impact on individuals and the country, to increase public awareness of the importance of choosing Islamic insurance by Islamic law to avoid sins and loss of property.]]>
<![CDATA[Sentiment Analysis on Cash Waqf ]]>
<![CDATA[Sri Rahayu]]>
<![CDATA[ Islamic Social Finance Vol. 2 No. 2 (2022): Islamic Social Finance ]]>
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DOI: 10.58968/isf.v2i2.142
<![CDATA[The purpose of this study is to analyze the sentiment resulting from the opinion of researchers through published articles related to cash waqf. The data analyzed consisted of 107 research articles indexed by Scopus in 2022. The method used is a qualitative approach with descriptive statistics from literature studies on the theme of cash waqf. The results showed that neutral sentiment was the highest with a percentage of 44.9%, followed by positive sentiment of 31.8%, negative sentiment of 23.4%. The diversity of sentiment results is obtained because of the pros and cons of cash waqf.]]>
<![CDATA[Research on Zakat Governance ]]>
<![CDATA[Mimma Maripatul Uula]]>
<![CDATA[ Islamic Social Finance Vol. 2 No. 2 (2022): Islamic Social Finance ]]>
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DOI: 10.58968/isf.v2i2.147
<![CDATA[This study aims to see the development of research zakat governance around the world published by journals with that theme. This study used a qualitative method with a bibliometric analysis approach. The data used is secondary data with the theme of Islamic bank efficiency originating from the Dimension database for 2007-2023. Then, the data was processed and analyzed using the VosViewer application with the aim of knowing the research development bibliometric map zakat governance in this world. The results of the study found that author mapping based on cluster density shows that the authors do the most publications with the theme Zakat Governance namely Nikmatul Atiya, Eko Fajar Cahyono, and Sri Herianingrum. Then, the most author affiliations are Al Ain University and Aligarh Muslim University. Next Zakat Governance based on the bibliometric keyword mapping, there are 4 clusters with the most used words being Accounting, Distribution, Good governance and Government.]]>
<![CDATA[Analysis of Zakat Management Performance Based on The National Zakat Index Approach: A Case Study ]]>
<![CDATA[Irni Nuraini]]>
<![CDATA[ Islamic Social Finance Vol. 2 No. 2 (2022): Islamic Social Finance ]]>
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DOI: 10.58968/isf.v2i2.155
<![CDATA[Poverty is a sunnatullah. Islam focuses on poverty alleviation by laying the foundations of worship in the pillars of Islam in the form of social finance, namely zakat. In 2013, the National Zakat Potential reached Rp 217 trillion per year, but the realization was only around 1%. One of the leading causes of the low completion of zakat is the need for more public trust in the distribution of zakat through zakat institutions. Thus, it is necessary to assess the performance indicators of zakat management institutions to be published to the public. This study aims to assess and evaluate the performance of zakat management, including macro and micro dimensions, with a case study of LAZ Darut Tauhid (DT) Peduli Garut Regency. The sample used was 100 mustahik households using a purposive sampling technique. The analysis method used is the National Zakat Index using the Multi-Stage Weight Index estimation method. The results showed that the performance of zakat management by LAZ DT Peduli Garut is good, with the national zakat index value of 0.65 and the modified national zakat index value is 0.76.]]>
<![CDATA[Productivity of Zakat Institutions in Indonesia: A Comparison ]]>
<![CDATA[Fatimah Iskandar Putri]]>
<![CDATA[ Islamic Social Finance Vol. 2 No. 2 (2022): Islamic Social Finance ]]>
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DOI: 10.58968/isf.v2i2.156
<![CDATA[Zakat institutions play an important role in managing zakat productively, with the aim that the funds collected can be distributed in an appropriate manner to achieve welfare and social justice. The purpose of this research is to analyze the productivity of zakat institutions in Indonesia using the Malmquist Productivity Index (MPI) method with the 2016-2020 research period. The research object used is 15 zakat institutions in Indonesia. The data from this study comes from the annual financial reports of each institution from the 2016-2020 period. The input variables used are total assets, operational costs, and employee costs. Meanwhile, the output variable used is the amount of collection and distribution of zakat. The results of the study show that in general, zakat institutions experience increased productivity over time. Zakat institutions originating from mass organizations have the highest average productivity compared to other organizations. If productivity is seen from year to year in each institution, the institution with optimal productivity in all years of observation is LAZ Al-Azhar.]]>
<![CDATA[Publication Trend on Insurance Efficiency Studies ]]>
<![CDATA[Annisa Kartika Ocktavia]]>;
<![CDATA[Siti Salmah]]>
<![CDATA[ Islamic Social Finance Vol. 3 No. 1 (2023): Islamic Social Finance ]]>
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DOI: 10.58968/isf.v3i1.213
<![CDATA[This study aims to determine the map of the development of research on the theme of insurance efficiency which is published in journals equipped with digital object identifiers. The research was conducted in August 2023. The data analyzed were 336 research journals related to insurance efficiency published from 1992 to 2023. During this period, the most research on insurance efficiency occurred in 2022 with 40 publications. The data is then processed and analyzed using the VOSviewer application program to determine the bibliometric mapping for the development of insurance efficiency research. The results show that cost efficiency, economy, evidence, firm, insurance firm, insurance sector, market, risk, originality value, relationship and stage data envelopment are the most widely used topics. The research development map for this theme is divided into 5 clusters. Cluster 1 consists of 11 topics, cluster 2 consists of 9 topics, cluster 3 consists of 9 topics cluster 4 consists of 5 topics and cluster 5 consists of 5 topics.]]>
<![CDATA[A Comprehensive Study on the Scientific Literatures Performance of Cash Waqf Linked Sukuk (CWLS) using NVivo ]]>
<![CDATA[Aam Slamet Rusydiana]]>;
<![CDATA[Nadia Nurul Izza]]>
<![CDATA[ Islamic Social Finance Vol. 3 No. 1 (2023): Islamic Social Finance ]]>
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DOI: 10.58968/isf.v3i1.214
<![CDATA[This study seeks to map research related to Cash Waqf Linked Sukuk (CWLS) published by Dimensions indexed journals from 2019 to 2023. NVivo 12 Plus is used to conduct thematic studies and the frequency is used to evaluate 53 publications in scientific literature. The results of the study found that the number of publications fluctuated from year to year related to CWLS research which indicated that this topic was an interesting topic and should continue to be developed. In addition, various focus discussions and cluster analysis that describe research paths in CWLS Waqf research include economic empowerment, CWLS as productive waqf, social investment, and CWLS research methods. According to the exploratory review and visualization in the cluster analysis, CWLS research includes CWLS Waqf including economic empowerment, CWLS as productive waqf, social investment. This research can be used as a starting point for experts to build graphic visualizations of CWLS research patterns in published scientific research.]]>
<![CDATA[Review on Zakat Core Principles (ZCP) Literatures ]]>
<![CDATA[Anwar Adem Shikur]]>;
<![CDATA[Siti Maysyaroh]]>
<![CDATA[ Islamic Social Finance Vol. 3 No. 1 (2023): Islamic Social Finance ]]>
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DOI: 10.58968/isf.v3i1.234
<![CDATA[This research aims to map research related to the zakat core principle that has been published in journals indexed in Dimensions from 2016 to 2023. The method used in this study is a qualitative approach with the support of NVivo software. The results of this study reveal that cluster analysis also explains research lines that include aspects such as zakat management, zakat technology, and zakat governance. These findings provide in-depth insight into the various perspectives and issues that exist in the zakat core principle literature. The implication of this research is that zakat management, the application of technology in zakat management, and effective governance in zakat institutions have a crucial role in implementing the core principles of zakat. These results can be a basis for better understanding the complexity of zakat core principles and contribute to improving zakat management practices by considering various relevant perspectives and aspects.]]>
<![CDATA[New Finding on Zakat Efficiency Measurement in Indonesia 2016-2022 ]]>
<![CDATA[Mimma Maripatul Uula]]>;
<![CDATA[Nun Maziyyah]]>
<![CDATA[ Islamic Social Finance Vol. 3 No. 1 (2023): Islamic Social Finance ]]>
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DOI: 10.58968/isf.v3i1.235
<![CDATA[This research aims to measure the efficiency of zakat amil institutions in Indonesia using the Data Envelopment Analysis (DEA) method for the 2016-2022 research period. The research objects used were 21 zakat institutions in Indonesia. The data from this research comes from the annual financial reports of each institution for the 2016-2022 period. The input variables in this research are employee costs, operational costs and total assets. And the output variable is the collection and distribution of zakat. The results of this research explain that during the 2016-2022 period, the level of efficiency of zakat institutions in Indonesia has a fluctuating trend from year to year and tends to increase. Based on the average efficiency score, it can be concluded that no zakat institution in Indonesia has reached the maximum level of efficiency. Furthermore, the Covid-19 pandemic has an impact on the efficiency level of Zakat Institutions. Then, the potential improvement analysis shows that the collection and distribution of zakat is the variable that causes the biggest inefficiency in zakat institutions. The results of the benchmarking analysis concluded that BMM and DD zakat institutions were the institutions with the most referrals.]]>
<![CDATA[Efficiency, Stability, and Productivity on Indonesian Islamic Insurance Industry ]]>
<![CDATA[Solihah Sari Rahayu]]>;
<![CDATA[Abrista Devi]]>
<![CDATA[ Islamic Social Finance Vol. 3 No. 1 (2023): Islamic Social Finance ]]>
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DOI: 10.58968/isf.v3i1.237
<![CDATA[This study attempts to analyze the productivity level of Takaful industry in Indonesia, both in terms of changes of its efficiency and also its technological. There are two things that are calculated in Malmquist index measurement that is catch-up effect and frontier shift effect. Findings from the results are very interesting. The average value of the overall efficiency of Takaful industry in Indonesia is relatively medium at 77.8%, while the mean standard deviation is 0.17. This indicates the enough good performance of Takaful industry in Indonesia. In general, there has been an increase in the level of productivity of Takaful institutions in Indonesia in the period 2016 to 2018, even though its very small. The increase in productivity growth (1.076) of Takaful institutions in Indonesia is generally caused by technological change (1.078) instead of changes in efficiency (0.998). Thus the service of Takaful institutions is needed which is more innovative in relation to the development of technology in the future.]]>
