Ekonomi Islam

THE INFLUENCE OF GENDER, GRADE POINT AVERAGE, LEARNING AND FINANCIAL EDUCATION ON SHARIA FINANCIAL LITERACY

Suriani Suriani, Ulfa Mardayanti — Sat, 30 Nov 2024 00:00:00 +0700

The Financial Services Authority (OJK) conducted the 2019 National Survey of Financial Literacy and Inclusion (SNLIK), and the results showed that while conventional financial literacy is at 67.1%, Sharia financial literacy among Indonesian students is still significantly lower at 31.5%. This study looked at how undergraduate students at the Faculty of Economics and Business, Universitas Syiah Kuala, in the even semester of the 2022–2023 academic year, perceived their level of Sharia financial literacy about their gender, grade point average (GPA), financial education in postsecondary institutions, and parental financial education. With 97 respondents in total, probability sampling using a straightforward random sample technique was used for primary data. Multiple linear regression analysis results showed that although other variables showed no discernible influence, financial education in higher education had a significant and favorable impact, appearing as the major factor determining Sharia financial literacy. As such, it is advised that teachers incorporate Sharia financial education into their curricula to improve students' comprehension, which may then be reflected in their grade point average. Furthermore, in addition to pupils' learning efforts, parents are encouraged to offer further support in educating their children about Sharia money.

Keywords: Sharia Financial Literacy, Gender, Grade Point Average, Financial Learning, Financial Education.

THE ROLE OF ZIS IN IMPROVING WOMEN'S WELFARE ON THE BUNDA MANDIRI SEJAHTERA PROGRAM OF YATIM MANDIRI AMIL ZAKAT INSTITUTION

Nabila Azzahra Tanjung, Ade Nur Rohim — Sat, 30 Nov 2024 00:00:00 +0700

Zakat, infaq, and sadaqa (ZIS) play a role in alleviating poverty. However, Indonesia is still faced with the problem of poverty among women. This research aims to find out and analyze the implementation of ZIS distribution through the Bunda Mandiri Sejahtera (BISA) program and its implications for the welfare of Mustahiq. The method used in this research is descriptive statistics with a case study approach using the CIBEST model. The research findings show that the distribution of ZIS through the BISA program provides studies, grants, and business capital. The result also indicates that the BISA program has implications for increasing welfare where more than half of Mustahiq in quadrant 1.

Keywords: ZIS, Women Mustahiq, Welfare, CIBEST

ANALYSIS OF THE ISLAMIC BUSINESS ETHICS APPLICATION AND ITS URGENCY IN BUSINESS UNITS OF COMMUNITY ORGANIZATION

Azwar Azwar, Andi Wawan Mulyawan, Abur Hamdi Usman — Sat, 30 Nov 2024 00:00:00 +0700

This research aims to analyze the application of Islamic business ethics in community organization business units and their urgency for the continuity of these business units, based on the perceptions of the actors and consumers, by taking case studies of business units within the DPP Wahdah Islamiyah in Makassar City. This research is field research using descriptive statistical analysis techniques. The research results show that Islamic business ethics, in the form of monotheism, justice, trust, and benevolence, have generally been applied to business units within the Wahdah Islamiyah DPP in Makassar City. Apart from that, the Islamic business ethics that have been implemented have great urgency in the management and service of business units, including as a factor that can bring blessings, create a work environment that is fair, inclusive, dignified, and in accordance with Islamic law, increase customer trust, and other parties so as to provide benefits to the company, improve, and provide excellent service to all parties because these ethics can support business management in accordance with company service guidelines, SOPs, and agreed rules.

Keywords: Ethics, Business, Islam, Wahdah Islamiyah

THE SPECTRUM OF THE HALAL ECOSYSTEM: EXPLORING THE CONTRIBUTION OF ISLAMIC MICROFINANCE IN ADVANCING THE HALAL INDUSTRY IN DEVELOPING EIGHT (D-8) ISLAMIC COUNTRIES THROUGH BIBLIOMETRIC ANALYSIS

Sat, 30 Nov 2024 00:00:00 +0700

The spectrum of the halal ecosystem can be developed through collaboration between Islamic microfinance and the halal industry. This idea needs to be substantiated through published scientific research to trace its role and development. This study aims to examine the role of Islamic microfinance in the development of the halal industry in D-8 Islamic countries through published international research. The research employs bibliometric analysis using the VOSviewer application. The data for this study consists of 100 articles from 2018 to 2023, collected from international journal platforms most frequently used by scholars. The findings of this study reveal that research trends on the role of Islamic microfinance primarily focus on poverty alleviation, economic empowerment, and economic sustainability in D-8 countries. However, there is no specific discussion on the role of Islamic microfinance in the halal industry. Additionally, the study identifies obstacles faced by Islamic microfinance institutions in supporting the development of the halal industry, including (1) production, authentication, and certification; (2) ownership and control; (3) training and capacity building; and (4) anti-halal groups and economic Islamophobia. The implications of this research can serve as a reference for identifying future research gaps.

Keywords: Islamic microfinance, Halal industry, Poverty alleviation.

PATTERNS OF ISLAMIC ECONOMIC INSTITUTIONS

Sat, 30 Nov 2024 00:00:00 +0700

The study of the Pattern of Islamic Economic Institutions is very important to be studied more deeply. This is because the study never ceases to be debated. The purpose of this paper is to understand 3 things: First, the Pattern of Islamic Economics. Second, Islamic Economic Institutions internal and external factors that affect society. Third, the positive and negative implications. The method used is literature review, with a descriptive approach based on qualitative theory, while data collection is descriptive and analyzed using content analysis techniques. The results found 3 things: First, there are 3 forms of Islamic Economic Patterns: Sharia Economy, Wellbeing, Islamic Banking. Second, internally there are 3 factors that influence: The methods of Islamic economic practice, Improving the quality of human resources, Expanding the number of Islamic Bank offices. As for externally there are 3 factors: Investor decline, public awareness, Muslim intellectual movement. Third, there are 3 positive implications: Anticipation of monopoly, Zakat and Rikaz policy, Impact of careful planning. Meanwhile, there are 3 negative implications: Limitation of Investment, complicated Akad for ordinary people, Decrease in Islamic Bank Customers. The conclusion that this paper shows that Islamic economics in principle and practice has the principle of justice and benefit.

Keywords: Patterns, Institutions, Islamic Economics.

MARKET DISTORTION: TADLIS OR FRAUD BY PLAIN T-SHIRT SELLERS IN THE SHOPEE ELECTRONIC MARKET

Harits Ar-Royhan Hasibuan, Siti Achiria, Moch Rizal Bayu Bakti Nugroho — Sat, 30 Nov 2024 00:00:00 +0700

This study explains the concept of tadlis (fraudulent misrepresentation) occurring in e-marketplaces, specifically among sellers of plain t-shirts. This is done to ensure that the public is not easily deceived by products sold in online markets. Fraud is more likely to occur in online markets compared to offline markets due to the absence of face-to-face transactions. The research method used in this study is a qualitative approach with a literature review, drawing on various references related to the issue. In addition, observations were made in the Shopee e-marketplace, particularly among plain t-shirt sellers. The author found that the materials sold did not match the descriptions, allowing sellers to sell products at prices below the average market rate. Based on the results of this study, when linked to the theory of market distortion (tadlis), it can be interpreted that distortions in the Shopee e-marketplace, especially in the sale of plain t-shirt products, still occur frequently. This not only harms buyers but also disadvantages other sellers who offer products at average prices and with clear quality. Therefore, as a buyer or consumer, it is important to understand the products being purchased and not be attracted to the low prices offered by sellers in e-marketplaces. This study delivers an important message to increase consumer awareness and educate them about the potential for fraud in online trading, while also encouraging the importance of transparency and honesty in selling on e-marketplaces.

Keywords: Market Distortion, e-marketplace, Tadlis, Islamic Economics.

RESPONSE OF MADURA'S NAHDLATUL ULAMA SCHOLARS TO THE INDONESIAN ULAMA COUNCIL'S FATWA ON CASH WAKAF

Sat, 30 Nov 2024 00:00:00 +0700

This research was aimed at examining the response made by the ulama (Islamic religious scholars) of the Madura Branch of the NU and to find out their reactions to the MUI fatwa concerning cash wakaf. This research was classified as qualitative. The sample for this research consisted of 101 religious scholars of the Madura branch of the NU. The research was conducted in the form of surveys and interviews with these Madura NU members, to ascertain their arguments. The results of the research obtained showed convincingly that the majority of NU religious scholars accept and agree with the MUI Fatwa concerning cash wakaf, in that the response “agree” (Setuju – S) received the highest percentage return for all items, recording positive results between 40% and 60%, whilst the percentages for the response “strongly agree” (sangat setuju - SS) was the second strongest, receiving between 19% and 48% support. Based upon the results of the interviews conducted by the researchers with the NU Madura theologians, it was their opinion that the MUI Fatwa concerning cash wakaf fulfils the requirements of Islamic religious law. Not only that, but these scholars were also of the opinion that a cash wakaf can be a beneficial social instrument and may assist in overcoming social problems in their regions. The implication of this study is that the validity of the MUI fatwa can be widely accepted among local scholars, providing a strong legal foundation for the development of cash waqf in Indonesia, particularly in Madura. This fatwa is not only recognized as valid according to Islamic law, but also serves as a basis for the acceptance of cash waqf by the public as a legitimate and effective charitable instrument

Keywords: Nahdhatul Ulama’, Fatwa Commission, Cash Wakaf, Madura.

THE IMPACT OF VIRTUAL TEAM DYNAMICS ON ORGANIZATIONAL PERFORMANCE IN SHARIA WITH REMOTE WORK OPTIMIZATION STRATEGIES AS MEDIATION AT BANK MUAMALAT, PADANG

Sat, 30 Nov 2024 00:00:00 +0700

This study aims to analyze the impact of virtual team dynamics on organizational performance in sharia, with a remote work optimization strategy as a mediating variable at Bank Muamalat Padang City. This study uses a quantitative approach by collecting data through a survey of employees who work in virtual teams in sharia economy-based organizations with a sample of 85 respondents. The analysis model used is structural equation modeling (SEM) to test the relationship between virtual team dynamics, organizational performance, and the moderation role of remote work optimization strategies. The results showed that collaboration and communication have a significant influence on Optimizing Remote Work Strategies, while trust has no significant effect on Optimizing Remote Work Strategies. Collaboration and communication have a significant influence on Organization Performance, while trust has no significant effect on Organization Performance. In addition, Optimizing Remote Work Strategies has not been shown to have a significant effect on Organization Performance. The results of the study show that Optimizing Remote Work Strategies does not mediate the influence of organizational performance trust, The results of the study show that Optimizing Remote Work Strategies can mediate the influence of Collaboration on Organization Performance and the results of the study show that Optimizing Remote Work Strategies cannot mediate the influence of Communication on Organization Performance.

Keywords: Virtual Team Dynamics, Organization Performance, Optimizing Remote Work Strategies.