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Abstract Topic: Sustainable Development in Islamic Perspective

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Analysis of the Effect of Demographic Factors and Human Capital on Economic Growth in OIC Countries
Naufal Abdunnashir

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Corresponding Author
Naufal Abdunnashir

Institutions
STEI Tazkia

Abstract
OIC countries are gifted with a large share of young population and are still accumulating human capital in order to compete with the rest of the world. Since economic growth also has to do with demography and human capital, this study examines both impact on economic growth in 15 OIC countries for 25 years from 1991 until 2015 using panel data. The result found that demographic factors used in this study, namely fertility rate and old-age dependency ratio, respectively have insignificant and significant positive impact on economic growth. Meanwhile, human capital represented by life expectancy at birth and gross enrolment rate in tertiary schools both have significant and positive impact on economic growth.

Keywords
Economic growth, demographic factors, human capital, panel data, OIC countries

Topic
Sustainable Development in Islamic Perspective

Link: https://ifory.id/abstract/bwuge4qChajM


ANALYSIS THE ROLE OF KSPPS BMT ARTHA INSANI ON THE FINANCIAL PERFORMANCE OF BLAMBANGAN MARKET TRADERS
Dian Pratama, Nofel Andriawan, Bari Bahtiar

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Dian Pratama

Institutions
Universitas Airlangga

Abstract
Blambangan market is one of a traditional market in Banyuwangi Regency. The low level of education of traders causes financial literacy to be low. The low of financial literacy resulted in the low of financial inclusion that can be enjoyed by traders, this resulted in the loan sharks practice of money lenders in developing their businesses. Seeing these problems KSPPS BMT Artha Insani was present to provide shariah financial services to solving market traders problem. This study aims to analyze the role of KSPPS BMT Artha Insani in improving the financial performance of traders, through shariah financial services products. The contribution of this study is to examine the differences in the financial performance of traders before and after getting to know shariah financial services. This study uses a qualitative method. Data collection techniques using data triangulation methods, namely direct observation, in-depth interviews, and Focus Group Discussion, data obtained through several respondents. Data is processed using data reduction methods, data presentation, and drawing the conclusions. The findings in this study are KSPPS BMT Artha Insani has a role in improving the financial performance in market traders with through shariah financial services products.

Keywords
BMT Artha Insani, Syariah Financial, Trader, Financial Performance

Topic
Sustainable Development in Islamic Perspective

Link: https://ifory.id/abstract/Hu74D9jdwm2x


Boundary Objects: Sustaining Impact of Green Sukuk Life Cycle to Address Climate Change Issues
Raeni, Ian Thomson, Andreas Sundström

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Corresponding Author
Raeni Raeni

Institutions
University of Birmingham

Abstract
This research explores the development and accountability of green financial instruments for addressing climate change in order to improve our understanding of potential behavioural changes by key institutions. This financial initiative is known as green sukuk, which is a hybrid of conventional government bonds, Islamic finance principles and climate change concern, issued by Indonesian government. In particular, we explore how the flow of funds, from the capital markets to the Indonesian state budget, is tracked and its impact measured. By understanding the behavioural changes, this study proposes to contribute to the debate on sustaining impact in addressing climate change issues. Furthermore, it fills gaps within negotiated boundaries of this hypothecated finance by internalising Islamic principles and green framework. This research obtained data across the life cycle of green sukuk from both state and non-state actors. Drawing upon a theoretical framework on boundary objects, it enables to develop a design of ‘common- goal within a mixture of respective capabilities, through calculative boundaries, to understand potential changes of institutional behaviour in sustaining its impact. This study provides implication to state and non-state actors who articulate green sukuk to develop scopes of externalities in maintaining a sustainable transition of climate finance.

Keywords
green sukuk, impact investing, climate changes, boundary objects

Topic
Sustainable Development in Islamic Perspective

Link: https://ifory.id/abstract/cpVmdq9aM8HA


How Poto-s Women Reduce Their Poverty? An Investigation on Islamic Perspective
Putri Reno Kemala Sari¹; Muhammad Nurjihadi²; Fitriah Permata Cita²; Sri Andriani¹; Didi Suwardi²

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Corresponding Author
Putri Reno Kemala Sari

Institutions
Faculty Economic and Business, Universitas Teknologi Sumbawa

Abstract
Women participation in economic activities is often limited by social norms, especially in moslems majority societies like Poto village of Sumbawa. Nevertheless, the burden of poverty is forced many women to work in several jobs. This paper aims to investigate how women in Poto involve in reducing their poverty and how it linked to islamic paradigm. This research is using qualitative method to collect and analyze the data through interview, FGD, and direct observation. Respondents were chosen by purposive sampling, while key informants were chosen by snowball technique. The results show that the main strategies of Poto-s women to reduce their poverty are being producer of Kre Alang and labor of on farm agribusiness. Those two jobs are related to islamic values which require some limitation for women to work in public. Furthermore, such kind of women participation in economy has a significant contribution to reduce poverty in the village

Keywords
Women-s Participation, Reducing Poverty, Islamic Perspective

Topic
Sustainable Development in Islamic Perspective

Link: https://ifory.id/abstract/TpWtvJEq7nbe


How to Achieve Socio-economics Development Using Ibn- Khaldun-s Theory of Development
Ira Eka Pratiwi (a*)

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Corresponding Author
Ira Eka Pratiwi

Institutions
a) IAIN Fattahul Muluk Papua
Jl. Merah Putih Buper Waena, Distrik Heram, Kota Jayapura, Papua
*irax23[at]gmail.com

Abstract
It is widely known that the Gross Domestic Product (GDP) has been used as a measurement of a country-s economic performance. However, nowadays many scholars doubt its adequacy in gauging the development of a country. Under this circumstance, several researchers have developed various indicators to measure social and economic progress. As an alternative, the Human Development Index was introduced by UNDP in 1990 to measures a country-s achievements in developments. Furthermore, McKinley (2010) and Hakimian (2012) also have formulated inclusive growth approach to realize the sustainable development, as well as the Islamic scholars such as Dar (2004) who designed The Ethics-Augmented Human Development Index, Anto (2009) with The Islamic Human Development Index, Rehman and Askari (2010) with The Islamicity Index, and Ghazal dan Zulkhibri (2016) with Islamic Inclusive Growth Index. Meanwhile, according to Chapra (2006), there are several factors that interact with each other and affect the development of a country. Therefore, the objective of this paper is to construct a new approach to socio-economic development index using Ibn- Khaldun-s theory of development. His theory is a multidiscipline and dynamic theory, so it can be used to define the multidimensional socio-economics problems and help the county to achieve sustainable development.

Keywords
Socio-economic Development, Ibn Khaldun, Sustainable Development, Islam

Topic
Sustainable Development in Islamic Perspective

Link: https://ifory.id/abstract/wkcU9ubJxBLE


ISLAMIC ECONOMICS AND INDUSTRIAL TRADE TOWARD SUSTAINABLE ECONOMIC DEVELOPMENT IN INDONESIA
Roikhan Aziz Mochamad1) Acep R. Jayaprawira2) Purbawati Setyaningsih3)

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Corresponding Author
Roikhan Aziz Mochamad

Institutions
1 | Universitas Islam Negeri Syarif Hidayatullah Jakarta, email: roikhan.ma[at]uinjkt.ac.id
2 | Badan Pengelola Keuangan Haji, email: acepjayaprawira[at]bpkh.go.id
3 | Praktisi, email: p.setyaningsih[at]gmail.com

Abstract
ABSTRACT The results of this research are that Agi exports, domestic investment and Ziswaf have a significant positive effect on economic growth in long-term, while exports have a significant negative effect on GDP economic growth. PMDN investment internal variable, Agi export and Export external variables and Ziswaf religiosity variable provide almost all the information needed to predict the dependent variable of GDP, and simultaneously affect GDP economic growth with a value of determination 98 percent. For the short term the estimation results show that ziswaf has a significant positive effect on GDP economic growth with a value of determination of 26 percent. This research analyzes the effect of investment, international agricultural trade and socio-economic conditions on sustainable economic growth, in the short and long term. Qualitative data was taken from BPS, Baznas, ACT Global Waqf and research on BWI in the form of secondary data from March 2017 to December 2018. The Used Error Correction Model (ECM) Methodology. This implies in the future, domestic investment institutions need to consider the long- term programs in the international trade of the agricultural sector with high economic value and manage agricultural production aspects well and sustainably to improve the performance of positively balances international trade thus increasing GDP in real sector. Economic growth accompanied by sustainability is the best choice. Products and halal logistics is a must. Governments need to develop alternative policies to dismantle the old approach with a new way as a new era.

Keywords
Keywords: Stability Economics, Sustainable Economic Development, Industrialization, Agriculture in International Trade, Economics of the Arts and Literature, Islamic Sosio Economics JEL Classifications: C62, Q01, E2, F21, Z11, Z12

Topic
Sustainable Development in Islamic Perspective

Link: https://ifory.id/abstract/aLMQCe7m3K4u


RELEVANCE OF ISLAMIC PERSPECTIVE IN SDGS FOR POVERTY ALLEVIATION IN INDONESIA (ECONOMIC GROWTH)
Nori Oktadewi (a*), Ahmad Fery Algaridho (b), Surwandono(b)

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Corresponding Author
Nori Oktadewi

Institutions
a) student of magister international relastion Universitas Muhammadiyah Yogyakarta, Kampus Terpadu UMY Jl. Brawijaya, Kasihan, Bantul Yogyakarta 55183
*norioktadewi97[at]gmail.com
b)magister international relastion Universitas Muhammadiyah Yogyakarta

Abstract
The aims of study to implement factors that cause a lot of poverty and implement ways to reduce poverty in Indonesia. This study uses a descriptive qualitative approach, while the data collection techniques in this method use literature review techniques. In this study the authors analyzed the data using the maudui method (thematic method) which was applied by collecting verses from the Al-Quran related to poverty alleviation strategies. The results of this study indicate that the factors that cause poverty are low levels of education, low health status, limited employment and conditions of isolation. The Indonesian governments way of alleviating poverty by adopting the values contained in the Sustainable Development Goals (SDGs) in the form of Presidential Regulation No. 59 of 2017, and the government uses Islamic principles in solving poverty such as the making of the National Zakat Amil Agency (BAZNAS).

Keywords
No Poverty, Baznas, SDGs, Hadist, Al-Quran

Topic
Sustainable Development in Islamic Perspective

Link: https://ifory.id/abstract/zBfbhxVvwMDQ


The Analysis of Oil, Gas, and Coal Mining Activities Affect to Socio-Economic Welfare: Case of Indonesia
Shofie Azzahrah, Mutiara Sakinah, Muhammad Prayudya Dewoyono

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Corresponding Author
Shofie Azzahrah

Institutions
Universitas Indonesia, Depok, 16424

Abstract
Indonesia is a country that is rich in natural resources, such as oil, gas, and coal. The three sectors of that mining is also high demanded in this country. It-s the reason why there are many company who wants to do mining activities. Although government has the right to regulate the company to do Environmental Impact Analysis (AMDAL) and Corporate Social Responsibility (CSR), but the control isn-t strict enough for the mining companies to do the activities. We would like to see the affect of increasing the mining companies and mining production of oil, gas, and coal to the socio-economic welfare that estimated using the data of SUSENAS 2016 and SUSENAS 2017.

Keywords
Mining, AMDAL, CSR, SUSENAS

Topic
Sustainable Development in Islamic Perspective

Link: https://ifory.id/abstract/QzqpmfMHwT4X


The Role of Sovereign Sukuk in Supporting Sustainable Development Goals in Indonesia Through the Procurement of Public Infrastructure at the Ministry of Public Works and the Ministry of Religion
Eko Fajar Cahyono

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Corresponding Author
Eko Fajar Cahyono

Institutions
Islamic Economic Department
Faculty and Bussiness
Airlangga University

Abstract
This study aims to explore how the role of sukuk in supporting Indonesia in achieving several sustainable development goals through the procurement of public infrastructure development projects in two ministries that are important for the people of Indonesia, namely the Ministry of Public Works and the Ministry of Religion. State Sukuk contributed to building the Indonesian nation through the Public Infrastructure development project project with the two affiliates of the ministry. Project projects such as the construction of roads, bridges, infrastructure of water resources, schools, universities, weddings and dormitories for pilgrims are some examples of the results of state sukuk financing. This article describes and identifies the potential benefits of the project for the people of Indonesia to realize several sustainable development goals such as economic growth, industrial growth, food supply, gender equality, improving education and improving the quality of the environment. The method used is descriptive quantitative and descriptive qualitative using secondary data from government documents and mass media. The results of the study show that the state sukuk for a decade of publishing has had a positive impact on the welfare of the Indonesian people.

Keywords
Sukuk, Sustainable Development Goals, Public Infrastructure

Topic
Sustainable Development in Islamic Perspective

Link: https://ifory.id/abstract/XEj8YpJRTBrV


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