Indonesia Conference Directory


<< Back

List of Abstracts

THE 4th ANNUAL ISLAMIC FINANCE CONFERENCE (AIFC 2019)

Event starts on 2019.07.24 for 2 days in Surabaya

http://aifc4thkemenkeu.conference.unair.ac.id | https://ifory.id/conf-abstract/ERN2HqXTK

Page 2 (data 31 to 60 of 98) | Displayed ini 30 data/page

Does Blending Islamic Finance and Impact Investing Need a Specially Tailored Management Framework? A Literature Study
(1) Muhamad Rizky Rizaldy, (2) Vita Arumsari, (3) Putri Syifa Amalia

Show More

Corresponding Author
Muhamad Rizky Rizaldy

Institutions
(1) Universitas Gunadarma, (2) Politeknik Negeri Semarang, (3) STEI Tazkia

Abstract
The discourse in integrating social and financial functions of Islamic financial institution has emerged as an intellectual critique since it has arguably deviated from the Islamic moral economic expectation. This argument is further supported by the advent of the urgency of combining Islamic finance with impact investing, which should have been in its endogenous facet. We found a number of research papers with well-established theories that Islamic financial and economic institutions, as distinct organizations, require a distinct management framework to be able to achieve their multidimensional purposes. This paper argues that a hybrid organizational management framework could be the most appropriate existing framework to be utilized regarding mission drift and dysfunctional effect that might happen within the hybrid organizations. Hence, this paper provides notion for leaders to develop hybrid organizations in terms of time needed for leaders to develop, selective criterion in hiring, different types of organizational structures, and the need of new parameter.

Keywords
Islamic management; Islamic leadership; Islamic financial institution; Social impact; Hybrid organization; Impact investing

Topic
Islamic Management and Leadership

Link: https://ifory.id/abstract/mbU6NM842xZV


Effect of Investment in Islamic Commercial Banks, Sharia Business Units and Sharia Rural Bank in Agriculture on Indonesian Food Security
Nadia Fazira

Show More

Corresponding Author
Nadia Fazira

Institutions
Faculty of Economy and Islamic Business, State Islamic Institute of Bukittinggi

Abstract
Continuing the efforts and achievements of the MDGs that have changed the face of the world towards a better direction, in 2015 OECD countries launched the SDGs agreement. One of the SDGs targets is the achievement of food security in a country. This study aims to analyze the effect of investment in Islamic Commercial Banks, Sharia Business Units and Sharia Rural Bank through financing programs in agriculture on Indonesian food security measured through rice production. The data used are panel data consisting of 33 provinces in Indonesia from 2014 to 2017 and estimated using common effect method. The estimation results show that the financing program of Sharia Commercial Banks and Sharia Business Units in agriculture significantly affecting rice production by 6.7 percent. Then the Sharia Rural Bank financing program in agriculture is significantly positive affecting rice production by 4.2 percent. Variable of labor in agriculture and land area also has a positive effect on rice production both in the Sharia Commercial Bank program, Sharia Business Unit and Sharia Rural Bank. While variable of fertilizer subsidies has no effect on rice production.

Keywords
Islamic Commercial Banks; Sharia Business Units; Sharia Rural Bank, Financing, Food Security

Topic
Islamic Finance and Banking

Link: https://ifory.id/abstract/qdfrv2ETFWcH


Effect of Mudharabah and Musyarakah Financing on Return On Assets of Islamic Rural Banks (BPRS) in Indonesia
Faris Kurnia Hakim (a*), Mauizhotul Hasanah (b), Siti Zulaikha (c)

Show More

Corresponding Author
Faris Kurnia Hakim

Institutions
(a) Faculty of Economic and Business, Airlangga University, fariskhakim[at]gmail.com*
(b) Faculty of Economic and Business, Airlangga University, hasanahidzoh[at]gmail.com
(c) Faculty of Economic and Business, Airlangga University
siti-z[at]feb.unair.ac.id

Abstract
This research was conducted to determine the effect of mudharabah and musyarakah financing simultaneously and partially on Return On Assets of Islamic Rural Banks (BPRS) in Indonesia. The object of research is all Islamic Rural Banks (BPRS) in Indonesia from January 2016 to December 2018. The research approach used is a quantitative approach. The analysis technique used is OLS (Ordinary Least Squares) regression. The results of this study are that financing using mudharabah and musyarakah contracts simultaneously has a significant effect on Return On Assets of Islamic Rural Banks (BPRS) in Indonesia. Mudharabah financing partially has a significant effect on Return On Assets of Islamic Rural Banks (BPRS) in Indonesia. Musyarakah financing partially has a significant effect on Return On Assets of Islamic Rural Banks (BPRS) in Indonesia.

Keywords
Mudharabah, Musharakah, Return On Assets (ROA), BPRS

Topic
Islamic Micro finance

Link: https://ifory.id/abstract/xvfqrVk79JUH


EFFECTIVENESS OF CAPITAL STRUCTURE OF ISLAMIC COOPERATION PERFORMANCE AND HEALTH SHARIA MICROFINANCE INSTITUTION (LKMS)
Marisa Ayu Andarini

Show More

Corresponding Author
Marisa Ayu Andarini

Institutions
Sains Ekonomi Islam, Universitas Airlangga

Abstract
Effect of Capital Structure of Sharia Cooperative on Performance and Health of Sharia Microfinance Institution (LKMS) with the Ministry of Cooperatives standard indicator. This study aims to Determine and analyze the comparison of capital structure on the performance and health of an LKMS in Indonesia. The population in this study were four BMT or KSPPS in East Java with location distribution in Madura (BMT NU), Surabaya (BMT Muda), Bojonegoro (KSPPS As Salam) and Gresik (KSPPS MUI). The result of research shows that BMT NU has the highest level in Achieving optimal performance and health, so it can know the capital structure of BMT NU to Achieve the optimal performance and health. In the capital structure division of BMT NU there is a core capital with a share of 35% of total liabilities. Quasi Equity funds is Obtained from collecting third party funds based on the principle of mudaraba by 7% of Total Liabilities. Third party funds deposited in BMT NU are either voluntary or savings deposits amounting to 30% of Total Assets. BMT NU here Also has a large portion of debt to meet the Capital in running its business that is equal to 28% of Total Liabilities.

Keywords
Capital Structure, Sharia Cooperative Performance, Optimal performance and health.

Topic
Islamic Micro finance

Link: https://ifory.id/abstract/e2KZkgWtz4fc


Effects of Islamic Bank Financing on Quality of Life in the Era SDGs An Empirical Analysis on Java Islands, Indonesia
Muhammad Anif Afandi

Show More

Corresponding Author
Muhammad Anif Afandi

Institutions
Student at Master of Islamic Economics and Finance, Study Program of Islamic and Middle East Studies, School of Strategic and Global Studies, Universitas Indonesia, Salemba Raya Street Number 4, Central Jakarta, Indonesia
afandianif[at]gmail.com

Abstract
Islamic economic principles, well-being, is in accordance with Sustainable Development Goals (SDGs) program which is not only concerning on commercial aspects but also social aspects. Islamic banking as one of the parts of Islamic economic should carry out its operational activities based on that principle. Then, this paper aims to examine the effects of Islamic bank financing on quality of life measured by Human Development Index (HDI) in the provinces on Java Islands, Indonesia. To examine of that then used panel data regression using random effects model. The results showed that Islamic bank financing consisting by working capital, investment and consumption provide non-significant effects on HDI. However, dummy SDGs provides significant effects on HDI or in other word SDGs program starting on 2015 can trigger improving quality of life as big as 0.029 point. In addition, each independent variable can explain their dependent variable as big as 70.9 percent and the remaining is 29.1 percent influenced other variables outside the model.

Keywords
Islamic Bank Financing, HDI, SDGs, REM, Java Islands

Topic
Islamic Finance and Banking

Link: https://ifory.id/abstract/heu2fzYxHCp3


electronic signature analysis in financing base on sharia principles in Islamic bank
Aulia Delvina

Show More

Corresponding Author
aulia delvina

Institutions
bank bjb syariah

Abstract
The development of the Sharia Banking Industry is now very rapidly marked by the increasing prevalence of Sharia Commercial Banks. Of course this is in line with business competition, Islamic banks are required to always prioritize better quality services, but are also bound by the good provisions stipulated in the legislation and the Financial Services Authority Regulation (POJK), one of the efforts to improve services is by the Use of Electronic Signatures in Submission of Financing based on sharia principles. The reason for the launch of the Electronic Signature service in the Filing of Financing is to accommodate service users who want convenience in banking transactions. Electronic Signature Service in Submission of Sharia-based Financing in addition to providing easier offers and schemes also provides certain restrictions on the certification of electronic signatures. Demand for the Use of Electronic Signatures in Submission of Sharia-based Financing that continues to increase is supported by the market share of service users from the Indonesian community, the majority of whom are Muslims.Regulation of the Financial Services Authority (POJK) and Sharia Compliance.

Keywords
Electronic Signatures, Financing, islamic bank

Topic
Islamic Finance and Banking

Link: https://ifory.id/abstract/24RD8CGqTMam


Encouraging Business Through Ideological Approach: Case Study in Koperasi (Cooperative) Syariah 212 Indonesia
Abid Ar Robbani, Wahyu Rizky

Show More

Corresponding Author
Abid Ar Robbani

Institutions
University of Indonesia

Abstract
There is a phenomenon of abnormal behavior of Muslim investors who are investing their money with an ideological foundation instead of profit orientation. In Indonesia, there is an example from Koperasi Syariah 212 that have succeeded to expand its business with tremendous progress just within two years. One of Koperasi Syariah 212 business is as the supplier for “212 Supermarket” retail store. Within two years it already has 212 stores established around Indonesia with more than 200.000 members and still increases every year. Instead of promoting the “Financial Benefit” from its business to gain those members, Koperasi Syariah 212 use ideological approach by claimed its self as an Islamic business entity that will fight for Islamic Economics. In this research we analyze the motives behind this phenomenon, why so many people want to become the member of Koperasi Syariah 212 despite the fact not every retail store generating profit but the number the member and store still increase every year. We use Regression method to calculate the significance factors that affect the member-s decision to invest in Koperasi Syariah 212. The result shows that financial motive is not significantly affect the decision but instead other factor like Achievement Oriented, Non-monetary Focus, Self-Actualization, and Closeness to Social Problems are significantly affect the decision. We proof that this ideological approach that used by the Koperasi Syariah 212 is good strategy to encourage its business.

Keywords
Investment, Islamic Business Strategy, Investor Behavior, Cooperative, Islamic Entrepreneurship

Topic
Islamic Business and Entrepreneurship

Link: https://ifory.id/abstract/6KHPcVFJ4rta


Encouraging Sharia Financing Banks to Achieve The SDGs through Poverty Alleviation
Putri Ayu (a*), Listiono (b), Achmad Rifai (c)

Show More

Corresponding Author
Achmad Rifa-i

Institutions
1) Faculty of Economics, Andalas University, Jalan Rangkao Said, Kota Payakumbuh, Sumatera Barat 26218, Indonesia
*putriayu.payakumbuh[at]gmail.com
2) Faculty of Islamic Studies, Muhammadiyah University of Yogyakarta, Jalan Brawijaya, Kasihan, Bantul, Yogyakarta 55183, Indonesia
3) Ministry of National Development Planning, Jalan Taman Suropati 2, Menteng, Jakarta Pusat 10310, Indonesia

Abstract
Poverty is a challenge that must be encountered by every country in the world. Therefore, it is not surprising that the poverty issue occupies the first goal out of the 17 Goals in the SDGs framework. Although, in general, the trend of poverty in Indonesia continues to decline, it turns out that the indication of a more acute poverty level is still difficult to alleviate. The index is reflected in the poverty severity index and poverty gap index. In this case, Islamic financing provides a more inclusive concept of poverty alleviation. The results of estimation using panel data from 32 provinces during 2014-2018 in Indonesia reveal empirically that Islamic financing contributes to poverty alleviation programs through the financing of productive working capital. Hence, the financing made by Islamic banking has supported greatly to achieve the SDGs Goal 1: No Poverty. However, the achievement of Islamic banking needs to be expanded to reach the lowest point of people suffering from poverty through financing and assisting productive economic activities.

Keywords
Financing, Islamic Banking, SDGs, Poverty, Data Panel

Topic
Islamic Finance and Banking

Link: https://ifory.id/abstract/ECLQVh43pTaH


Enhancing the Legal & Regulatory Framework for Islamic Fintech Development
Hassnian Ali

Show More

Corresponding Author
Hassnian Ali

Institutions
International Center for Research in Islamic Economics, ICRIE
hassnian.icrie[at]mul.edu.pk

Abstract
Digital transformation in the Islamic Fintech industry is vital in this era of digitalization and smart regulations from the regulators are needed to enhance its development. Islamic Fintech can be a tool to reach out to the masses, which are not served by the Islamic finance industry, especially Islamic banks. Globally there are different regulatory approaches applied to Fintech that are historically provided by banks. This sometimes creates confusion regarding the category to place Fintech, that is, whether as a bank or as a separate entity. Policymakers should devise new rules and standardized regulations for Islamic Fintech. In that case, the numerous opportunities provided by the Islamic Fintech, such as financial inclusion, empowerment of underserved consumers and the achievement of Maqasid Al-Shariah, will become truly and apparent. This paper discusses the different regulatory approaches being adopted around the globe and also elucidates essential elements required to establish robust and standardized regulation for Islamic Fintech.

Keywords
Islamic Fintech, Regulations, Digital Transformation, Maqasid Al Shariah

Topic
Islamic Finance Technology (Shariah Fintech)

Link: https://ifory.id/abstract/n79kCY3GuUp8


Environmental Social and Governance Disclosure and Impression Management: An Appraisal of Annual Reports from Islamic Finance Institutions
Rumaisah Azizah Al Adawiyah (a*), Prof. Omneya Abdelsalam (b*)

Show More

Corresponding Author
Rumaisah Azizah Al Adawiyah

Institutions
a) Durham University, UK
b) Durham University, UK

Abstract
This study investigates the determinants of environmental, social and governance (ESG) performance and accounting narrative disclosure in Islamic Financial Institutions (IFIs) over the period 2014-2016 using a comprehensive ESG index through content analysis method in annual reports. ESG disclosure index exhibits that IFIs engage in ESG activities and varies across countries. IFIs also present its disclosure towards universal disclosure than specific, meaning it emphasises on broad stakeholder focus. However, IFIs display its highest concern on governance dimension and pay least attention to social environment, implying IFIs should concern more about social and environment. Regarding narrative disclosure, this study tries to assess whether IFIs are conducting impression management as their strategy. The empirical result of this study exhibit that financial performance associates positively with ESG performance and the level of certainty in narrative disclosure. This means the higher the financial performance of the firm results in higher ESG disclosure and a more certain language. While concerning the relationship between ESG performance and the level of certainty, it is found that the higher certainty in the disclosure links with the lower ESG performance of IFIs, meaning that it indicates impression management in the firms. The findings of this study contribute to the body of academic knowledge by providing literature on the determinant of ESG performance and quality of narrative disclosure in IFIs and managerial implications for IFIs management and regulator. Therefore, this study is essential in stepping forward to the exploration and development of ESG performance of IFIs.

Keywords
Islamic Financial Institutions (IFIs), ESG disclosure, narrative disclosure, financial performance, impression management

Topic
Islamic Accounting/Auditing

Link: https://ifory.id/abstract/GKqb9cFLmE4T


EXPLORATIONS IN AGENT-BASED SIMULATION: ANALYSIS OF GINI INDEX AFTER ZAKAH ENFORCEMENT UNDER INTEREST BASED SYSTEM
Diyah Putriani, Gairuzazmi Mat Ghani and Mira Kartiwi

Show More

Corresponding Author
DIYAH PUTRIANI

Institutions
Department of Economics, International Islamic University Malaysia
Department of Informatics System, International Islamic University Malaysia

Abstract
Current research on Zakah focuses more on potential zakah collection, factors affecting zakah payment, best practices of zakah in certain region/country, zakah as social finance, or even the performance and efficiency of zakah institution. General finding from all previous studies concludes that zakah is able to reduce poverty and hence will minimize income inequality. At this point, a question rise, i.e., by how much Gini index- a measure of income inequality- can be reduced after zakah enforcement? Considering this gap of research, this study is proposed to measure a decrease in Gini index when zakah is received by all recipients.Since the existing economy is under interest based system, thus this study will develop a model of artificial economy to simulate the impact of zakah enforcement on Gini index. To achieve the main objective, this research will simulate the interactions amongst three economic agents (households, firms, and bank) in the system. That is, households will supply labour for the firms; meanwhile firms will supply product in the goods market. Both households and firms can ask credit with certain interest rate from the bank.There will be two scenarios where the economy will simulate zakah is not exist and where zakah is introduced in the system. From these two scenarios, it can be observed a potential reduction or increment on Gini index after zakah is disbursed to all recipients. This research fundamentally is an exploratory research, thus many findings will be examined in the analysis. One of the most interesting findings is that in the long run only arround 1 percent of population own about 25 percent of total wealth in the economy without zakah. Further, the findings also observe that reason of an increase in Gini index where the economy has no zakah and observe a group of population which will dominate total wealth in the economy. An Agent-based Computational Model (ABM) simulation will be employed to conduct the simulation. The application of ABM in this research is to bring the use of computational study as an alternative methodology to develop research in the area of Islamic economics.

Keywords
Zakah, Gini Index, Agent-based Computational Model, Computational Study

Topic
Islamic Finance Technology (Shariah Fintech)

Link: https://ifory.id/abstract/Hax87WEC4JnN


Exploring Z Muslim Generation Perspectives Towards Halal Cosmetics
Alfina Rahmatia

Show More

Corresponding Author
Alfina Rahmatia

Institutions
IAIN Palangka Raya

Abstract
The main objective of this study is to explore the perspectives of z Muslim generation toward halal cosmetics in Indonesia. Primary data used in this study are collected from in-depth interview based on purposive sampling method. The study uses qualitative method through literature study and in-depth interview in which the interview data use descriptive analysis. The result shows that religiosity value, health factor, and halal cosmetics marketing strategy are influencing the perspectives of z Muslim generations toward halal cosmetics.

Keywords
Z Generation, Perspective, Halal Cosmetics

Topic
Islamic Business and Entrepreneurship

Link: https://ifory.id/abstract/JQvGDmLFpW4d


FACTOR AFFECTING THE SUCCESSFUL MUSTAHIK EMPOWERMENT PROGRAM : EVIDENCE FROM PEKANBARU, INDONESIA
Budi Trianto (a), Saparudin Siregar (b) and Yaser Nasution (b)

Show More

Corresponding Author
BUDI TRIANTO

Institutions
a. Sekolah Tinggi Ekonomi Islam (STEI) Iqra Annisa Pekanbaru
Jl. Riau Ujung No.73, Pekanbaru, Riau, Indonesia
Email : budi_asamandiri[at]yahoo.com

b. State Islamic University of Nort Sumatera, Medan, Indonesia
Jl. IAN No.1 Medan, Sumatera Utara, Indonesia

Abstract
The purpose of this research is to explore and measure what factors influence the successful mustahik empowerment program. This research is conducted in Pekanbaru with the total sample is 105 mustahik taken from four zakat institutions. The data were collected by the questionare with the Likert scale. Quantitative approach will be used to analyze the data by the Generalize Structural Component Analysis (GeSCA). FIT model evaluation result shows that FIT is 0.541, AFIT is 0.530 and GFI is 0.983. Meanwhile the outer model evaluation shows that the loading factor value of all manifest variabel is greater than 0.5 and significant at 0.05 level. Based on the inner model evaluation shows that the successful of mustahik empowerment program influenced by mustahik motivation and enterpreneurial characteristics. While the organization support does not give a direct effect on the successful of mustahik empowerment program but it influences indirectly through the motivation. The successful mustahik empowerment program is also give impact on the successful poverty alleviation

Keywords
Organizational Support, Mustahik Empowerment Program, Enterpreneurial Characteristic, Motivation and Poverty Alleviation

Topic
Islamic Philantrophy

Link: https://ifory.id/abstract/mfNLYZrJh9VK


FACTORS THAT INFLUENCE COLLEGE STUDENTS INTEREST TO INVEST IN ISLAMIC CAPITAL MARKET IN INDONESIA
Heti Nur Isnaini (a), Adi Wibowo (a)

Show More

Corresponding Author
Heti Nur Isnaini

Institutions
a) Universitas Islam Indonesia, Jl Kaliurang 14,5 Yogyakarta, Krawitan, Umbulmartani, Ngemplak, Kabupaten Sleman, Daerah Istimewa Yogyakarta 55584

Abstract
The capital markets have an important role in development the economy of a country. The existance of Islamic Capital Merket open the chance for Muslim people to invest on halal stock. Many youths, in this case college students now can invest in capital market with minimum deposit Rp100.000,00. This paper analyzes factors that influence collage students interest to invest in islamic capital market especially sharia stocks. Research methode in this paper used quantitative, and analysis method which used multiple linear regression with SPSS 17.0. Subject research are college students in Indonesia The sample of this research collected by using purposive random sampling. Result of this research showed that perception, motivation and learning impact investment decision of sharia stocks. Hypothesis for this research 1. College students perception influence to invest in Islamic Capital Market; 2. College students motivation influence to invest in islamic capital market; 3. College students learning influence to invest in islamic capital market; 4. Perception, motivation, and learning as together influence to collage students to invest in islamic capital market.

Keywords
Interest, College Students, Islamic Capital Market.

Topic
Islamic Capital Market

Link: https://ifory.id/abstract/hTmGcXnre7dv


FINANCING MODEL TO DEVELOP LOCAL COMMODITY BUSINESS OF EAST JAVA IN MAQASHID SYARIAH PERSPECTIVE
Ana Toni Roby Candra Yudha, Muhamad Nafik Hadi Ryandono, Akmalur Rijal, Ida Wijayanti

Show More

Corresponding Author
Akmalur Rijal

Institutions
Faculty of Islamic Economics and Business, State Islamic University Sunan Ampel of Surabaya
Faculty of Economics and Business, Airlangga University
Faculty of Islamic Economics and Business, State Islamic University Sunan Ampel of Surabaya
Faculty of Economics and Business, Airlangga University

Abstract
East Java has an average economic growth above the average national economic growth, which means the productivity of superior local commodities has been accepted and consumed by the community, both local and global community. Local commodities are goods produced by people with added value so as to increase per capita income and economic prosperity. This has become a common conversation both from practitioners, businesspeople, academics, and even government. The existence of local commodities need to be maintained and continue to be the focus of economic revamping, so it needs a development model of local superior commodities that can run continuously based on the values of justice, balance, and efficiency. This study aims to build a modification model which develop local commodity business in maqashid syariah perspective and produce business indicator that developed by maqashid syariah perspective. This research is expected to contribute a concept and application of scholarship which especially focuses on business development model. The research approach used is qualitative descriptive with explanatory analysis. The object of research is local businessmen from cooperative managers and coffee farmers in Puncu village, Kediri Regency. The financing model to develop the local commodities business of East Java lies not only in developing the material only, but also should place human as the subject and main object to be involved in the business development process. The indicator of commodity business that develops based on the perspective of maqashid shariah is the preservation of worldly and ukhrowi maslahah

Keywords
Financing, Business, Local Commodities, Maqashid Syariah

Topic
Islamic Micro finance

Link: https://ifory.id/abstract/9yk7MrYDVujm


FINDING THE HARMONY OF FINANCIAL TECHNOLOGY IN ISLAMIC PERSPECTIVE: A PHENOMENON IN INDONESIA
Maulidah Narastri (a*), Abdullah Kafabih (b)

Show More

Corresponding Author
Maulidah Narastri

Institutions
a) University of 17 Agustus 1945 Surabaya
jalan Semolowaru Nomor 45 Surabaya
* maulidah[at]untag-sby.ac.id
b) Universitas Islam Negeri Sunan Ampel Surabaya

Abstract
The purpose of this article is to find out how harmony between the era of financial technology is compared with Islamic principles in Indonesia. Financial technology that is intended for humans to meet ever-increasing needs, increasingly rapid human mobilization, as well as increasing human activity. The method used in the discussion of this article is a critique of the phenomenon that developed in the era of financial technology in Indonesia as a developing country that supports the era of financial technology from developed countries. The literature used in this paper is published by national and international scientific journals and is supported by scientific books from various scientists. This article is expected to provide additional knowledge, become an opening point for further research, and be made as a guide in conducting business at various levels that discuss using financial technology.

Keywords
financial technology, islamic perspective, regulation

Topic
Islamic Finance Technology (Shariah Fintech)

Link: https://ifory.id/abstract/kfzGwXKbR3u9


Gender Equality on Spiritual Leadership Mechanism to Influence Organizational Citizenship Behavior in Indonesia
Willson Gustiawan

Show More

Corresponding Author
Willson Gustiawan

Institutions
Padang State Polytechnic

Abstract
Perception difference between male and female employees often escapes from researchers attention, since such diversity is believed plays an important role and greatly influences leaders and followers behavior, and in turn affects organizational outcomes. This study aims to verify the spiritual leadership model using 246 Indonesia employees and to reveal whether there is any difference perception between male and female employees on spiritual leadership mechanism. There was dissagreement on gender equality in organization, whether employees are equal or different on their perception in organizational behavior. This study is advocated to prove where it should stand for. Quantitative method process is used to verify the spiritual leadership model. The results show that the research variables are reliable and valid. After simplifying research construcs into spiritual leadership, spiritual well-being and organizational citizenship behavior, the whole model reaches its model goodness of fit and all hypotheses are verified. These results confirm the perspective of spiritual leadership and generalization of the theory to Indonesia setting. And, there is no different perception between male and female employees on spiritual leadership mechanism; gender has no significant effect and thus gender equality exists on the model.

Keywords
spiritual leadership theory, Indonesia, gender equality, organizational citizenship behavior

Topic
Islamic Management and Leadership

Link: https://ifory.id/abstract/muRy7QNbHUzY


Giving More Makes You Happier: Impact of Prosocial Expenditure on Subjective Well-Being In Indonesia
Herman Palani, Ahmad Zufar Robbani, Radikal Yudha Utama

Show More

Corresponding Author
Herman Palani

Institutions
Universitas Gadjah Mada, Yogyakarta, Indonesia
Bulaksumur, Caturtunggal, Kec. Depok, Kabupaten Sleman, Daerah Istimewa Yogyakarta 55281
info[at]ugm.ac.id

Abstract
Prior research has shown that peoples utility can be obtained by doing consumption or spending money to fulfill their needs. This research demonstrates that people who spend their money not to fulfill their needs, but to others also matters for their utility. Using the data from the Indonesia Family Life Survey (wave 4 and wave 5) with 26,464 observations, we estimate the correlation between prosocial expenditure and subjective well-being. The result of the probit model estimation showed that prosocial expenditure has a positive correlation to subjective well-being. On average, people who spend more on charity are happier than people who spend less on it. We also found that preschool expenditure between Muslim and nonmuslim observations has a different effect on happiness and life satisfaction. The theoretical framework and implications are discussed.

Keywords
Happiness, Life Satisfaction, Prosocial Expenditure, Subjective Well-Being

Topic
Islamic Philantrophy

Link: https://ifory.id/abstract/ezAnfLbKqPQ3


How Does Islamic Fintech Promote the SDGs? Qualitative Evidence from Indonesia
Fahmi Ali Hudaefi

Show More

Corresponding Author
Fahmi Ali Hudaefi

Institutions
Academy of Islamic Studies, University of Malaya

Abstract
This study reviews the existing Islamic fintech lending in Indonesia to understand the degree to which the firms have been promoting sustainable development goals (SDGs) in the local context. To do so, the theoretical literature related to fintech and SDGs are reviewed firstly to explore the understandings of the subject matters. Following this, the official reports from the domestic regulators are employed to select the firms for in-depth review. This work finds the selected firms mostly have been financing the underdeveloped sectors, such as agriculture and Small and Micro Enterprises (SMEs), collecting and distributing Islamic funds which are Infaq, Waqf, and Shadaqah, and conducting charity programmes for the underprivileged community. To an extent, these findings are synonymous of the firms- effort in promoting the SDGs of ending poverty and hunger, advancing clean energy, and reducing the inequalities. Due to the method engaged, these shreds of evidence do not provide any positivist generalisation. Even so, this is the first study substantively confirms the role of fintech firms in implementing the SDGs from the Indonesian perspective. A recommendation demands the Indonesian government collaborating legally with the existing fintech firms to best solve its recent issue of the declining trend in the SDGs of life on land.

Keywords
Islamic Fintech, Sustainable Development Goals (SDGs), Review, Indonesia

Topic
Islamic Finance Technology (Shariah Fintech)

Link: https://ifory.id/abstract/kfJQBebr2GEP


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

Show More

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*)

Show More

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


IMPLEMENTATION OF SHARIA TRANSACTIONS IN THE PRESPECTIVE OF OSING TRIBAL FARMERS (The Preliminary Study of Ethnography)
Dian Pratama, Firgiawan Aldrida Zaen, Raka Gemilang Hevrinanda, Vira Pramelia

Show More

Corresponding Author
Dian Pratama

Institutions
Universitas Airlangga

Abstract
Indonesia is a country with the largest Muslim population in the world. Large Muslim populations make acculturation of culture, between the culture of the Indonesian, and Islamic values. The osing tribe is a native tribe of Banyuwangi Regency, East Java, which experienced cultural acculturation between indigenous Indonesian culture, and Islamic values. One form of acculturation of the Osing Tribe culture with Islamic values is evident in the Osing tribal farming system. Tribal farmers in their daily lives apply the principle of shariah transactions, but according to the interpretation of the existing culture. This study aims to analyze transaction activities in the Osing tribe agricultural sector in accordance with shariah principles. The contribution of this research is to examine in depth, the influence of shariah values on Osing tribal agricultural transactions in Banyuwangi. This study uses a qualitative method with an ethnographic approach. Data were obtained from direct observation, in-depth interviews, and Focus Group Discussion, the sources of which were several respondents and related literature. Data processing is using data reduction methods, data presentation, and conclusion drawing. The findings of this study are transactions in the Osing tribe agricultural sector, affected by shariah values, such as mudharabah, muzaraah, and mukhabarah contracts, which are accurated with Osing tribal culture.

Keywords
Osing Tribe, Sharia, farmer, prespective, ethnography

Topic
Islamic Philantrophy

Link: https://ifory.id/abstract/Zak3FhputDvV


Influence of Internal and external factors the Bank against a Return On Assets of Islamic Banks in Indonesia Public Period 2011-2017
Wardatul Firdaus and Lina Nugraha Rani

Show More

Corresponding Author
Wardatul Firdaus

Institutions
University Airlangga

Abstract
This study aims to determine the effect partially and simultaneously the variable capital adequacy ratio, financing to deposit ratio, non-performing financing, operating costs and operating income, asset size, gross domestic product, inflation and BI rate to the profitability of Syariah Commercial Banks in Indonesia period 2011-2017. Profitability measurement using Return On Assets (ROA) This study uses quantitative methods. The analysis technique used is panel data regression analysis. The sampling technique was purposive sampling from the established criteria, obtained by 10 Syariah Commercial Banks consisting of Bank Muamalat Syariah, Bank Syariah Mandiri, Bank Mega Syariah, Bank BRI Syariah, Bank Bukopin Syariah, Bank Panin Syariah, Bank Victoria Syariah, Bank BCA Syariah, Bank BNI Syariah, Bank Maybank Syariah The results of this study indicate that partially the financing to deposit ratio, operating costs and operating income and bi rate variables have a negative and significant effect, variable capital adequacy ratio, non-performing financing and inflation have a positive and non-significant effect, asset size and gross domestic product variables negative and not significant to the profitability of Syariah Commercial Banks in Indonesia. Simultaneously, the variable capital adequacy ratio, financing to deposit ratio, non-performing financing, operating costs and operating income, asset size, gross domestic product, inflation and bi rate have a significant effect on the profitability of Syariah Commercial Banks in Indonesia

Keywords
CAR, FDR, NPF, BOPO, Asset Size, GDP, Inflation and BI Rate, Profitability

Topic
Islamic Finance and Banking

Link: https://ifory.id/abstract/bmkEaAWvZ9FY


Internalization of Islamic Character Man (Ibadurrahman) in Entrepreneurship Islam A New Concept
Novilia Aisah (a*), Nailin Nikmatul Maulidiyah (b), Khairunnisa Musari (c)

Show More

Corresponding Author
NOVILIA AISAH

Institutions
a) Research and Development Division, Tamkin Institute
Jalan Kenanga 6/65, Jember 68131, Indonesia
*noviliaaisah93[at]gmail.com
b) Faculty of Economics and Business, Zainul Hasan Islamic Sciences Institute, Probolinggo 67282, Indonesia

Abstract
The perfection of Islamic teachings that govern all aspects of human life requires the realization of moral and ethical rules for humans in business. The internalization of the Islamic character of man (ad Ibadurrahman) which embodies in the person of Muslim businessman represents an example of the moral the goodness of the Prophet; including Amanah, Fathanah, Tabligh, and Siddiq should be the touchstone of all norms in motivating work and entrepreneurial spirit. Islamic man is considered a rational behavior if he is able to accommodate Islamic values based on Tawhid. The orientation to be achieved in the perspective of Islam is not only to achieve success in the world, but also to pay attention to the afterlife. Finally, the qualification of human resources internalize sharia Islamic character man (Ibadurrahman) is necessary to support the implementation of quality education, in line with the mission of the Sustainable Development Goals (SDGs) so that the expected output is HR sharia quality as well. Schools and colleges have a substantial role related to this task, by applying religious-based character education and building a sharia company laboratory as a miniature of the Islamic finance industry.

Keywords
HR sharia; Islamic business ethics; Islamic man (‘Ibadurrahman); SDGs

Topic
Islamic Business and Entrepreneurship

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


Invesmnet Decision Behavior based Demographic Factor Among Islamic Investors (Survey At East Kalimantan Province)
Herry Ramadhani

Show More

Corresponding Author
Herry Ramadhani

Institutions
Economic and bussiness faculty,Mulawarman University

Abstract
This study purpose to analyze the behavior of investment decisions based demographic factors among Islamic Investors in East Kalimantan province. The data obtained from primary data sources using questionnaires to 30 Islamic Investors at East Kalimantan. This research model is exploratory research with a survey method and accidental sampling technique. The data analysis method used in this study is chi square. the result show significant relationship between age and investment type decisions. The younger the age of Islamic Investors to find out new things is very high that makes young Islamic Investors almost invest in the real and financial sectors but not building. the insignificant results in the relationship between gender and investment decisions, with the level of education between women and men almost the same, then there are indications that men and women have very good knowledge of investment which results in increased independence and high trust in making investment decisions in all types of investment, significant results between types of occupation and investment decisions, indicating that investors Muslims will make investment decisions in accordance with the income from their work, while the significant results of the relationship between marital status and investment type decisions, there are indications that married Islamic Investors have a sense of responsibility to the family arga so invest in all types of investment in the real and finacial sectors, while an unmarried / single person is indicated to tend to feel free and have no responsibility, so many invest in savings where funds from investment can be taken at any time.

Keywords
Investment Decisions, Islamic Investors, Age, Gender, Occupation and Marital Status

Topic
Islamic Finance and Banking

Link: https://ifory.id/abstract/9VAJPCKEXxcL


Islamic bank vs conventional bank in Indonesian rural feild, An Analysis on Financial Performances
Jihad (a*), Siti Zulaikha (b)

Show More

Corresponding Author
Jihad Hud

Institutions
a) Faculty of Economy and Business, Airlangga University
Jl. Airlangga 4-6, Surabaya Indoesia 60285
*jihadhudam[at]gmail.com
b)Faculty of Economy and Business, Airlangga University
Jl. Airlangga 4-6, Surabaya Indoesia 60285

Abstract
Islamic banks in Indonesia have been in existence for more than twenty years. Indonesia has a unique type of banking with a special segmentation of micro small and Medium Enterprises we call it rural banks, where not all countries have it. With a very large number reaching 1,593 conventional bank and 165 islamic bank. This paper aims to describe and critically evaluate and compare the financial performance of Islamic rural banks to that of conventional rural banks. Three aspect are Profitability, Liquidity and Financing quality for Islamic and conventional banks are examined. The analysis of monthly data covers the period from January 2009 to Desmber 2018 (120 observations). Paired sampled t-test was adopted to see whether there are significant differences in the financial ratios between both banks. This study found that on profitability and financing quality aspect conventional rural banks are significantly higher than that of Islamic rural banks, but not on liqudity aspect. Based on that result the findings suggest that Islamic banks need to mantain their financing quality to get higher profit. Conventional banks need to push financing to support the real sector as that of Islamic banks.

Keywords
rural Islamic banks; rural conventional banks; financial performances

Topic
Islamic Micro finance

Link: https://ifory.id/abstract/rWbPqLg3ewuD


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

Show More

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


Islamic Public Finance: Waqf Perspective
Atina Shofawati

Show More

Corresponding Author
Atina Shofawati

Institutions
Faculty of Economics and Business
Universitas Airlangga

Abstract
Government in Prophet era has many sources of fund for conducting activity to manage country. Islam has many sources of fund to operate the governance which is known as Islamic public finance. One of the source of Islamic public finance which is suitable until now is zakat and waqf. This paper emphasizes the waqf as source of public finance. This paper has purpose to describe the role of waqf as source of Islamic public finance. This paper uses descriptive qualitative method with literature review approach. The result of this paper can describe the role of waqf as source of public finance to achieve the welfare of society.

Keywords
Waqf, Public Finance, Islamic Public Finance

Topic
Islamic Finance and Banking

Link: https://ifory.id/abstract/cDWmpf2dZMGe


Islamic Stock Market Reaction against Tax Amnesty Announcement
Muhammad Satriyo Wibowo and Puji Sucia Sukmaningrum

Show More

Corresponding Author
puji sucia sukmaningrum

Institutions
Faculty of Economics and Business, Universitas Airlangga, Indonesia

Abstract
Abstract The Indonesian Government has made a policy that is quite bold and highly impact the company and the economy i.e. endorsement policy tax amnesty in 2016. This research aims to investigate the Sharia stock market reaction against the policy. The sample of this research is the 100 companies listed on the Indeks Saham Syariah Indonesia (ISSI). Research methods using event study; market adjusted model by looking at changes in Average Abnormal Return (AAR) and Trading Volume Activity (TVA) before and after the announcement. The result of the research shows there is a difference of the AAR and TVA before and after the announcement. Investors viewed positively the information content of the tax amnesty policy. The Government has made a very good policy and support improvement in the quality of corporate governance and company performance.

Keywords
tax amnesty; market reaction; Average Abnormal Return; trading volume activity; event study; Islamic stock

Topic
Islamic Capital Market

Link: https://ifory.id/abstract/pf7vFrHWjUmL


KEY SUCCESS FACTORS OF MUSTAHIQ EMPOWERMENT PROGRAM: A COMPARISON STUDY OF ZAKAT INSTITUTION IN INDONESIA AND BRUNEI DARUSSALAM
Ida Wijayanti (a), Muhamad Nafik Hadi Ryandono (b), Hasnol Alwee (c), Hajah Saerah (d)

Show More

Corresponding Author
Ida Wijayanti

Institutions
a,b) Islamic Economic Department, Economic and Business Faculty, Unversitas Airlangga
c,d) School of Business and Economic, Universiti Brunei Darussalam (SBE UBD)

Abstract
This research aims to find key success factors of mustahiq (fakir miskin) empowerment program in zakat institution of two country, they are Indonesia and Brunei Darussalam. It analyzes the empowerment program held by zakat institution in Indonesia and Brunei Darussalam, and results the key success factors of mustahiq empowerments by those zakat institution. This study uses descriptive qualitative research method by multiple case study strategy. Primary and secondary data are collected by the in-depth interview, observation, discussion, and library research. The result of this study says there are two points of zakat empowerment program-s key success factors in Indonesia and Brunei Darussalam, they are: the willingness of mustahiq who were recieved empowerment program, and the amanah or responsibility fulfilment of zakat manager in the country. An important implication of this research is that the findings give some insight to the better zakat program which concern to empowers mustahiq, whether for two countries researched and also for the other muslim countries.

Keywords
Key Success Factors, Mustahiq, Empowerment Program, BAZNAS, BAKAZ

Topic
Islamic Philantrophy

Link: https://ifory.id/abstract/GtHBq3KY2fUw


Page 2 (data 31 to 60 of 98) | Displayed ini 30 data/page

Featured Events

<< Swipe >>
<< Swipe >>

Embed Logo

If your conference is listed in our system, please put our logo somewhere in your website. Simply copy-paste the HTML code below to your website (ask your web admin):

<a target="_blank" href="https://ifory.id"><img src="https://ifory.id/ifory.png" title="Ifory - Indonesia Conference Directory" width="150" height="" border="0"></a>

Site Stats