Proceeding International Conference on Islamic Economics and Business (ICIEB)
International Conference on Islamic Economics and Business Abbreviation : ICIEB ISSN : on going DOI Prefix : 10.14421/icieb Editor : Achmad Nurdany Rizaldi Yusfiarto Izra Berakon Organizer : FEBI UIN Sunan Kalijaga Date : July 30-31, 2024 Our theme for ICIEB 2024 "Youth-Driven Innovations in Islamic Finance towards Sustainable and Inclusive Economic Growth" The International Conference on Islamic Economics and Business (ICIEB) is an annual event organized by the Faculty of Islamic Economics and Business at UIN Sunan Kalijaga Yogyakarta. This conference aims to provide a platform for academics, practitioners, and other stakeholders to share their knowledge, experiences, and latest research. Featuring plenary sessions with many experts from around the globe, ICIEB also includes conferences, panel discussions, and professional networking on an international scale. The conference aspires to foster constructive collaboration and generate new ideas that can be implemented in the Islamic finance industry. Additionally, it seeks to encourage active participation and empowerment of Muslim in the development of the Islamic finance sector and promote the values of social justice in the global economy. For more information, visit icieb.uin-suka.ac.id.
Warung Madura Community Strategy Management In Business Competition In Pasuruan City (Antonio Gramsci's Analysis Study of Capitalist Competition between Alfamaret, Indomaret, Basmalah & Warung Madura Colony)
The aim of this research is to analyze the strategic management of the Madurese stall community in the city of Pasuruan in business competition with Indomaret, Alfamaret and the Basmalah shop owned by the Sidogiri Islamic boarding school. This research methodology uses a sociological approach. The data collection process is through interviews, observation and documentation. The data analysis technique goes through the stages of Horizontalization, Developing clusters of meaning, Textural description, Structural description, and Essentialization. The theory used as an analytical tool is Antonio Gramsci's theory of capitalist hegemony. The results of the research show that the Madurese warung community strengthens its business competition strategy by acting more solidly with fellow Madurese warungs in maintaining a unified, positive image towards social business changes that are competitive with competitors and communicative with customers. This social business strategy is unique to Madura stalls in facing capitalist competition between Alfamaret, Indomaret, Basmalah. This social business attitude is reinforced by Antonio Gramsci's opinion that in the strategy to face the war of position of Madura stalls to achieve hegemony in business competition; Firstly, Warung Madura must take an anti-passive revolution stance by demanding the neutrality of the Minister of Cooperatives and MSEs to be fairer to all MSMEs, not just siding with Indomaret. Second, Warung Maura must fight for its corporate economy (economic corporate strunggle). The way to strengthen group consensus and greater power. Third, Madura stalls must be able to achieve civil society hegemony while maintaining good communication and service. Fourth, the Madura stall must collaborate with leadership in the production sector, namely the Basmalah shop.
Copyright (c) 2024 Moh. Idil Ghufron, Dewi Masita https://creativecommons.org/licenses/by-sa/4.0
Fashion Characteristics Among Students of Islamic Business Economics and Educational Sciences: A Qualitative Study.
Fashion is now not just about clothes but also plays a role in identity. In fact, we can really recognize a character just by looking at fashion or what is now famous as an outfit. Fashion also plays a role in terms of dress code at events and other important moments. The purpose of this study is to provide differences in the fashion characteristics of students of the Faculty of Islamic Business Economics (FEBI) and students of the Faculty of Education Sciences (FIT) of Universitas Islam Negeri (UIN) Raden Mas Said Surakarta. This research uses a qualitative descriptive method. In this research, purposive sampling technique is used. The subjects in this research are none other than FEBI students and FIT faculty students. Observations revealed several characteristics in the fashion of FEBI and FIT students. FEBI students themselves are more inclined to use fashion that is relatively fashionable but looks neat, illustrating the nature of businessmen or elegant employees. However, FIT students use more fashion that is closed and meets the criteria according to Islamic law. Not only that, the observation states that FIT students' fashion is more shar'i, illustrating the professional figure of a teacher. The impression of ethics and politeness symbolizes the nature of an educator. The existence of fashionable and shar'i, fashion can also build the growth of the halal industry based on Muslim fashion in Indonesia. There are some striking differences in general, starting from the hijab and clothing models. If FEBI students use pants, FIT students predominantly use skirts or gamis. However, this research only reveals the majority outline because the fact does not rule out the possibility that some FEBI students use gamis.
Copyright (c) 2024 Diyah Saputri Sunarna, Moh Rifqi Khairul Umam https://creativecommons.org/licenses/by-sa/4.0
The Role of Bank Indonesia in Increasing Sharia Financial Literacy Through The Sharia Economic Festival (FESyar)
The article aims to answer questions about analyzing the level of Islamic financial literacy through the Sharia Economic Festival regarding understanding financial knowledge, financial attitudes and financial behavior from participants and participants who are used as informants. The research methodology used is a descriptive qualitative approach with a case study type of research on objects. The results of the research show that in general participants who are members of the FESyar held by the BI representative office for the East Java region already have adequate basic financial knowledge. Such as being able to record expenses and income, separate personal and business budgets, and even create necessary items for income efficiency. In terms of financial attitude, FESyar participants have views that are each tailored to financial management needs, and spiritually each individual tries to provide an opinion regarding the benefits of financial management using sharia principles. Meanwhile, in terms of financial behavior, participants are known to not only use their income to fulfill personal needs and special needs, but also set aside for social needs such as giving alms and donations. This cannot be separated from the role of BI East Java in providing facilities and training support such as bootcamps, developing production capacity, halal certification, and collaboration between MSMEs.
Copyright (c) 2024 Novi Febriyanti, Rahmad Nursyahidin, Muhammad Sofa, Dyah Ayu Sitta https://creativecommons.org/licenses/by-sa/4.0
Implementation of Financial Reporting in Islamic Boarding Schools
This research analyses the form or model of financial reporting prepared by Islamic boarding schools. The research method used is qualitative research with the following objects: the Sunan Bejagung Islamic Boarding School and the Manbail Futuh Islamic Boarding School in Tuban, East Java. Data and data sources are obtained from primary data and secondary data. Interviews, observation, documentation carry out data collection techniques. The research results show that the Sunan Bejagung Islamic Boarding School and the Manbail Futuh Islamic Boarding School, in preparing financial reports, have yet to refer to the Islamic Boarding School Accounting Standard (ISAK 35). The Sunan Bejagung Islamic Boarding School has just created bookkeeping in general journals and ledgers. Likewise, at the Manbail Futuh Islamic Boarding School, financial reporting only uses single entries or simple records in cash-in and cash-out. The model or form of financial reporting at the two Islamic boarding schools studied does not yet refer to the Islamic Boarding School Accounting Standard (ISAK 35) due to several factors, namely: (1) lack of understanding and knowledge of managers regarding the presentation of financial reports, (2) limited human resources owned by Islamic boarding schools, and (3) minimal socialization regarding the standards for presenting Islamic boarding school financial reports.
Islamic Boarding School Accounting Standart
Copyright (c) 2024 Usnan, Rafli Syafikri Al Raihan, Silvia Rosyida Kumala, Ade Setiawan, M.Ak. https://creativecommons.org/licenses/by-sa/4.0
The Influence of Masjid Raya Sheikh Zayed on Entrepreneurship in a Cross-Religious Community
Masjid Raya Sheikh Zayed has become a tourist icon for the Muslim community in Surakarta, attracting tens of thousands of visitors daily. While the primary purpose is for prayer, many also come to enjoy the mosque's comfortable atmosphere, particularly first-time visitors. The economic potential from the influx of visitors has created business opportunities for the surrounding community, including food, beverages, souvenirs, toys, motorcycle taxi services, and parking facilities.This research employs a qualitative descriptive approach with an exploratory method involving field observations, in-depth interviews, and literature review. Findings reveal the emergence of entrepreneurship among the community surrounding Masjid Sheikh Zayed. Not only Muslims actively engage in business around the mosque's front area, but also members of other religions, notably Christians from the Pentecostal Church Isa Almasih (GPIA) Sola Gratia. They have established food outlets directly in front of the church across from the mosque, and many patrons frequent these establishments.
Copyright (c) 2024 Astri Sabrina Anggraini, Intan Ayu Nuraini, Alfiansyah Daffa Prasetya, Asep Maulana Rohimat https://creativecommons.org/licenses/by-sa/4.0
Measuring Firm Value from Profitability, Capital Adequacy, Dividend Policy, and Islamic Social Reporting
This study aims to determine the effect of profitability, capital adequacy, dividend policy, and Islamic Social Reporting on firm value. The case study used is a banking sector company listed on the Asia Sustainability Reporting Rating and the Indonesian Sharia Stock Index during the 2018-2023 period. Firm value describes a state of the company as a form of trust from stakeholders to the company after going through a series of activities over a long period of time. Measuring company value is important because investor interest in a company is emphasized on the value of the company. This research is quantitative in nature using secondary data obtained from the official website of each banking sector company. The sampling technique used uses purposive sampling to filter the population to fit the predetermined criteria. This study used 31 samples from banking sector companies. Data analysis using the IBM SPSS 26 application by performing multiple regression on the model under study. The results revealed that profitability and dividend policy have a positive and significant effect on firm value. Meanwhile, capital adequacy shows a significant negative effect on firm value. In contrast to the assumptions that have been built at the beginning that Islamic Social Reporting is not proven to have an effect on firm value.
Copyright (c) 2024 Bayu Tri Cahya, Shafa Byan Ailani; Yunus Harjito, Salman Munthe https://creativecommons.org/licenses/by-sa/4.0
Islamic Digital finance: Technology to Enhance Financial Systems to be more Inclusive and Equitable
This study investigates the role of digital technology in efforts to increase the inclusiveness of the Islamic economy. This research uses a qualitative approach by analyzing case studies. The results of this study will provide insights into the transformative potential of digital finance within an Islamic framework for all levels of society, paving the way for a more inclusive and equitable financial ecosystem. The results of case studies on Islamic Banks show that banks utilize digital technology in products and services both commercial and non-commercial such as zakat infaq sadaqah.
Copyright (c) 2024 Siti Nur Aisyah, Mardhiyaturrositaningsih https://creativecommons.org/licenses/by-sa/4.0
Determinants of Sharia Company Share Prices listed on the Jakarta Islamic Index
This research aims to determine the influence of dividend policy, debt policy, liquidity and company size on share prices. The research uses quantitative analysis sourced from secondary data. The sample selection used was a purposive sampling method and 8 companies were obtained from shares of companies listed on the Jakarta Islamic Index (JII). The analysis technique used is multiple linear regression analysis test. This research found that dividend policy and company size have an effect on share prices, while debt policy and liquidity variables have no effect on stock prices. However, all independent variables simultaneously influence stock prices.
Copyright (c) 2024 Titin Hartini, Rika Lidyah https://creativecommons.org/licenses/by-sa/4.0
Digital Innovation in Islamic Banks : Challenges and Strategies
This research aims to identify challenges and strategies in Islamic banking innovation. This research is descriptive qualitative research. Research funds were collected through interviews conducted with Islamic banking practitioners and academics. The results show that challenges of digital innovation include Customer data security, Digital Banking regulations, Availability of digital infrastructure and HR capabilities in digital matters. Some of the strategies offered are Data Security and Privacy strategy, Government support in digital banking, Improving Digital Infrastructure and Strengthening Islamic Banking HR through digital training activities.
Copyright (c) 2024 Alifatul Afwah, Mardhiyaturrositaningsih https://creativecommons.org/licenses/by-sa/4.0
Does Equity Matter for Efficiency? A Stochastic Frontier Approach to Examining Economies of Scale in Islamic Banks in Indonesia
In general, one way to improve banking efficiency is by increasing the business scale. However, whether increasing the scale of sharia banking businesses will improve their performance needs to be studied more rigorously. This research aims to measure the level of efficiency and examine the occurrence of economies of scale of Islamic commercial banks in Indonesia during the period 2017 - 2022. The level of efficiency is measured using the stochastic frontier approach (SFA) method, while the economies of scale is measured using a panel data regression approach with four business scale measurements: total assets, total financing, total deposits, and total equity. This research is based on annual data on 12 Islamic commercial banks. Using a value range between zero and 1, the results of this study show an average cost efficiency in Islamic banking of 0.69 to 0.84. During the five year observation period, 2017-2022, the level of efficiency experienced a significant decline during the Covid-19 pandemic, especially in the third quarter of 2020. In addition, this research found that economies of scale work in Islamic banks when the size is measured by equity, but there are diseconomies of scale if the size is measured by total financing or total deposits, and there is no economy of scale if the size is measured by total liabilities. The implications of this research are related to sharia banking efficiency development policies which are not always related to increasing business scale, but need to pay attention to measuring the right business scale.
Copyright (c) 2024 Adinda Mialatin, Priyonggo Suseno https://creativecommons.org/licenses/by-sa/4.0
The Analysis of Omni-channel Marketing Strategy of Wood Carving in Raising Societies’ Economy in Karduluk Village
In this invited paper, the author aims to offer the analysis of Omni channel marketing strategy of wood carving in raising economy of Karduluk’s Society. The location of this reasearch is Karduluk. It is in Pragaan subdistrict, Sumenep regency, Madura East Java. This reasearch occurs in the year of 2024. It focuses on Omni-channel marketing strategy and raising economy or economy development. Omni-channel marketing strategy is a plan focused on marketing to obtain maximum results consistently in a coordinated manner, especially to interact with consumers and potential consumers. This strategy focuses on providing the best service to potential customers by implementing the right channels. While this reasearch is to the end that the good result is gained. The focus of the study of this reasearch are: how is Omni-channel marketing strategy in raising economy of Karduluk’s society, what are the factors which support and hamper Omni-channel marketing strategy in raising economy of Karduluk’s society, and finally what are the results of Omni-channel marketing strategy in raising economy of Karduluk’s society. To answer the preceding three questions, this reasearch uses qualitative approach by way of describing the findings. This reasearch, also, uses some instruments in getting data. They are observation, interview, and documentation. Also, the author reviews literature linking personal and electronic channels of communication in an omni-channel context to consumer engagement, with an emphasis on channel and message unity. The research findings are based on the study focuses. They are: the role of Omni-channel marketing strategy in raising economy society, the factors of Omni-channel marketing strategy in raising economy society are classified as supporting and hampering factors, and the results of Omni-channel marketing strategy in raising economy of Karduluk’s society. All of the research findings mentioned above are the results of the research and can be concluded that Omni-channel marketing strategy is the best strategy in raising economy of society in Karduluk, being that it is an effort to make sure that this research provides much-needed conceptualisation management strategies for marketing campaign development across Omni-channel marketing in the digital era.
Copyright (c) 2024 Nurul Huda, Halim Perdana Kusuma https://creativecommons.org/licenses/by-sa/4.0
Does the size of the Board of Commissioners, the size of the Sharia Supervisory Board and Leverage have an effect on Islamic Social Reporting Disclosure?
This research aims to determine the impact of the size of the board of commissioners, sharia supervisory board and leverage on Islamic Social Reporting (ISR) disclosure in Sharia Commercial Banks in Indonesia in 2020-2023. The sampling technique used purposive sampling with samples taken from 12 Sharia Commercial Banks each during 4 years of observation to obtain 48 samples. The results of the research analysis show that leverage has no influence on the disclosure of Islamic Social Reporting, the size of the board of commissioners has a significant positive influence on the disclosure of Islamic Social Reporting, and the sharia supervisory board has not had an influence on the disclosure of Islamic Social Reporting.
Copyright (c) 2024 Isnan Murdiansyah, Misbahul Munir, Feri Dwi Irianto https://creativecommons.org/licenses/by-sa/4.0
The Evolution of Green Sukuk in Indonesia
This paper explores the evolution of Green Sukuk in Indonesia, detailing its development, fund utilization, and best practices. Green sukuk is an important instrument in addressing environmental and sustainability issues with Islamic principles. Indonesia is the first country to issue the sovereign green sukuk with remarkable development in global, retail, and project-based green sukuk. Indonesia issued its first corporate green sukuk in 2024 by Bank Syariah Indonesia. The study provides a comprehensive review of literature on sustainable finance, highlighting key features of Green Sukuk. It also examines Indonesia’s strategic frameworks and policies that have facilitated the growth and success of Green Sukuk. The findings show that Indonesia has limited corporate green sukuk. To boost the corporate green sukuk, there needs to be education and incentives by the government for the potential issuers to motivate them to issue the green sukuk. Moreover, Indonesia needs to establish partnerships with many international and local institutions to align the green bond framework with the international framework. By doing so, the green sukuk of Indonesia can be more internationally accepted, this way can boost the international capital to be invested in Indonesia.
Copyright (c) 2024 Fauziyah Adzimatinur, Rahmat Olii, Dea Fajria Tatarizqa Japal https://creativecommons.org/licenses/by-sa/4.0
Economic Empowerment of Community Through Business Diversifications of the Alumni of Annuqayah Islamic Boarding School
In the rapid development of modern times, some Islamic boarding schools have expanded their roles in the society. Islamic boarding schools do not only take the role in the development of education and religion, they also have great impact in the development process of the community empowerment (Agent of Development). The problems that are identified in this research are: 1. What are the business diversifications that are organized by the alumni of Annuqayah Islamic boarding school? 2. How are the model of the economic empowerment of the community which the alumni carry out through business diversifications? This research uses qualitative case-study approach to describe the business diversifications and how they are utilized by the alumni of Annuqayah in empowering the community. Observations and interviews are used to collect the data. While the theories that are used in this research are diversifications and empowerment theory to understand the patterns of the alumni in empowering the economy of the community. The result of the research shows that 1. The business diversification of the alumni of Annuqayah islamic boarding school consists of two types of diversification which are concentric diversification and conglomerate diversification. 2. The model of empowerment that the alumni apply are empowerment typology of Menthoring Partnership Development, Community Development dan Community Engagement - Menthoring Partnership Development.
Copyright (c) 2024 Ahmad Majdi Tsabit, Maksum https://creativecommons.org/licenses/by-sa/4.0
The Role of Artifical Intelligence in The Performance of Indonesian Sharia Bank: A Systematic Literature Review
Artificial intelligence is promising for the banking sector. The application of artificial intelligence (AI) in the banking sector can provide positive benefits for banking, namely increasing profits, especially for Bank Syariah Indonesia. The aim of this research is to analyze the role of artificial intelligence (AI) in improving the performance of Bank Syariah Indonesia. The research was carried out by collecting articles from CrossRef published from 2019 to 2023, which will be classified based on the methods used and research results. After enumerating the articles according to keywords, methods, and research results, 16 articles were analyzed. The method used in this research is systematic literature review (SLR), which is used to examine methodological results, topics or themes, recommendations, and limitations of published articles. The results of this research show that artificial intelligence drives increased revenue through enhanced personalization of services to customers and employees at lower costs due to the existence of an automation system, reducing the level of human error, and making good use of existing resources. Apart from that, in the banking world, artificial intelligence can increase the ability to achieve extraordinary results in terms of increasing profits. The efficiency of increasing Bank Syariah Indonesia's profits is also driven by digital-based services through BSI Mobile, which reached 5.39 million registered users with total transactions reaching 170.70 million transactions as of June 2023. Artificial intelligence drives competitive advantage by increasing company efficiency by reducing costs and increasing productivity, thereby driving higher profitability.
Copyright (c) 2024 Fitri Ana Siregar https://creativecommons.org/licenses/by-sa/4.0
The Impact of Financial Risk and Capital Adequacy on the Financial Performance of Commercial Banks in Indonesia
The aim of this research is to prove empirically the influence of financial risk and capital adequacy on the financial performance of conventional and sharia commercial banks in Indonesia for the 2019-2022 period. Financial risk consists of liquidity risk, credit risk, market risk and operational risk. This research uses quantitative methods, where secondary data is obtained from banking financial reports registered with the Financial Services Authority (OJK) in the 2019-2022 period. The data collection method in this research uses purposive sampling techniques or with certain criteria. This research used the panel data analysis method with a sample size of 103 banks and obtained 412 data. The research data was then processed using EViews version 12. The research results prove that market risk and operational risk influence financial performance. Different results prove that liquidity risk, credit risk and capital adequacy have no effect on financial performance. This research has implications for developing more effective risk management strategies and optimizing financial performance in commercial banking.
Copyright (c) 2024 Khoirul Muthoharoh, Galuh Tri Pambekti https://creativecommons.org/licenses/by-sa/4.0
Impact of Financial Literacy, Attitude, and Locus of Control on Millennial Financial Management
This study aims to analyze the influence of financial literacy, financial attitude, and internal locus of control on financial management behavior among the millennial generation in Indonesia. The sampling method used is purposive sampling, with the sample consisting of millennials. The questionnaire was distributed online, and a Likert scale was applied to the questionnaire. Data were collected from 114 respondents, with 113 valid responses. The data analysis method used is multiple linear regression analysis. Hypothesis testing in this study uses the t-test. The analysis results of this study show that the research model explains 64.5% of financial management behavior. Financial literacy negatively affects the financial management behavior of millennials, indicating that an increase in financial literacy will decrease financial management behavior. Financial attitude and internal locus of control positively affect the financial management behavior of millennials, indicating that an increase in financial attitude and internal locus of control will improve financial management behavior. The implications of this study are that to improve financial management behavior, it is necessary to change the perspective on managing money and have more confidence in making financial decisions based on internal motivation rather than external influences.
Nur Ariefin Addinpujoartanto Nur Ariefin Addinpujoartanto
Copyright (c) 2024 Syafiq Ariyanto, Nur Ariefin Addinpujoartanto https://creativecommons.org/licenses/by-sa/4.0
The Influence of Green Accounting, Good Corporate Governance, and Profitability on Financial Performance
This research aims to determine the influence of green accounting, Good Corporate Governance and profitability on the financial performance of mining companies registered in ASRRAT in 2017-2022. The independent variables in this research are environmental performance, audit committee, independent board of commissioners, and profitability, while the dependent variable is financial performance. This type of research is quantitative with a population of mining companies registered in ASRRAT in 2017-2022. The sample in this study used a purposive sampling method with predetermined criteria to obtain a sample of 31 companies. The analytical techniques used include descriptive statistical analysis, classical assumption testing, and hypothesis testing. The results of this research show that environmental performance has a positive and significant effect on financial performance, the audit committee has no significant effect on financial performance, the independent board of commissioners has a negative and significant impact on financial performance, and profitability has no significant effect on the financial performance of mining companies registered in ASRRAT in 2017-2022.
Copyright (c) 2024 Bayu Tri Cahya, Nana Listiyani; Dilla Ajeng Diah Saputri, Bani Idris Hidayanto https://creativecommons.org/licenses/by-sa/4.0
The Intervening Role of Job Satisfaction in the Relationship Between Employee Engagement, Compensation, and Performance
The study aimed to determine the relationship between employee engagement, compensation, and employee performance, with job satisfaction intervening. This research is a type of quantitative research. The population in this study consisted of all CV Alfath Corporation Malang employees, with a total of 58 employees. The sampling technique used was saturated sampling, which consisted of 58 employees. Primary data collection is a questionnaire with a five-point Likert scale—data analysis using PLS (Partial Least Square). The test tools used are validity tests, reliability tests, and hypothesis testing. The results showed an insignificant relationship between employee engagement and job satisfaction. Employee engagement in performance is not significant. Compensation for job satisfaction is not substantial. Compensation for performance is not significant, but job satisfaction is essential. Job Satisfaction cannot mediate the relationship between Employee Engagement and Employee Performance. Job Satisfaction cannot mediate the relationship between compensation and Employee Performance. The results of this study can provide valuable insights for HR managers and practitioners in designing more effective strategies to improve employee performance. By understanding the importance of job satisfaction as a mediator, companies can focus on increasing engagement and providing fair compensation to achieve better performance.
Copyright (c) 2024 Setiani, Achmad Sani Supriyanto Supriyanto, Ryan Basith Fasih Khan https://creativecommons.org/licenses/by-sa/4.0
The Effect on Inflation, Exchange and BI Rate on Third Party Funds With Equivalent Rate (Er) as an Intervening Variable in Shariah Commercial Banks in Indonesia
This study aims to analyze the effect of inflation exchange rate and BI rate and BI rate on Sharia Commercial banks on third party funds (DPK) during the period 2018 - 2022 with Equivalent Rate (ER) as an intervening variable. The object of this study is Islamic Commercial banks, namely foreign exchange banks. Type of quantitative research using time series data, this study uses secondary data. Sampling was carried out on three Islamic Commercial Bank Included in foreign exchange banks with saturated sampling techniques. These banks are Bank Muamalat, Bank Mega Syariah, Bank Panin Dubai Syariah. Data Analysis methods used in include multiple linear reggression testing, hypothesis testing, Classical Assumption testing, path Analysis and descriptive statistical testing processed through Eviews 10 Software. The results revealed that third party funds (DPK) are partially positively influenced by the BI rate and Inflation. Meanwhile, third party funds partially show the negative influence of exchange rates and Equivalent rates. The results of the analysis also indicate thet the Equivalent Rate has a role as a mediator in linking the influence of inflation, exchange rate and BI rate on third party funds (DPK), this is in line with the finding of the path analysis conducted.
Copyright (c) 2024 Dr. Mismiwati SE. MP, RIDUWANSAH, SH. MH, Dr. Rika Lidyah, SE. M.Si, Ak. CA, CRA, CRP, CIT, Dr. Titin Hartini, SE. M.Si, CRA, CRP, Helisia Krisdayanti, SE. ME https://creativecommons.org/licenses/by-sa/4.0
The Influence of Twin Date Promos on Impulsive Buying Hijab Purchases at Shopee in an Islamic Perspective
Indonesian people have a tendency to spontaneously buy products outside their shopping list or what is called impulse buying. It turns out, there are factors behind why people often shop unplanned. First, there is a desire to buy, but can only buy it now (40%), a form of self-appreciation or self-reward (39%), tempted by attractive promotions from sellers (35%). The products most frequently purchased also vary, such as product categories including fashion. We use a quantitative descriptive approach, where we distribute questionnaires and interviews. Using the cluster random sampling method in Kanor District, Bojonegoro Regency with a total sample of 35 respondents. From the results of the tests carried out, it is known that the data is statistically correct, so the correlation number obtained in the validity test (r-calculation with a range between 0.339-0.690 must be compared and not greater than the critical number of the correlation table (r-table) of 0.2869 with a level of significance is 5% in degrees of freedom (df=n- 2). Meanwhile, based on the reliability test results obtained, Cronbach's alpha is 0.787 for variable valid, then the results of the simple linear regression test can be seen from the table of significance value (Sig) of 0.02 where this value is less than the probability of 0.05 which means that there is an influence of the twin date promo (X) on impulsive buying (Y).
Copyright (c) 2024 Siti Nur Afrohk , Firnanda Meilina, Ahmad Saifurriza Effasa, Dewi Rochmayanti https://creativecommons.org/licenses/by-sa/4.0
Strategy to Increase the Mobile Banking Adoption: A Case Study at Bank BPD DIY Syariah
The mobile banking services offered by Bank BPD DIY Syariah have not been widely adopted by the customers, as evidenced by the high volume of offline transactions at the tellers’ division. This high level of offline transaction can impact the efficiency of bank employees. This research aims to identify the usage patterns of mobile banking applications among the customers and to uncover the challenges they face when using these services. A mixed-methods approach was employed, involving the distribution of questionnaires and conducting Key Informant Interviews (KII). The findings reveal several factors contributing to the low customer interest in mobile banking applications, including limited feature usability and disruptions in certain transaction services with partners. To enhance customer engagement with mobile banking, Bank BPD DIY should consider adding more features to its mobile banking services.
Copyright (c) 2024 Elnath Mahesa, Ninik Sri Rahayu https://creativecommons.org/licenses/by-sa/4.0
Navigating Economic Turbulence: How Key Macro-Economic Factors Shaped the Jakarta Composite Index Over 25 Years
This research investigates the impact of inflation rate, USD/IDR exchange rate, gross domestic product (GDP), Dow Jones Index, and world oil prices on the Jakarta Composite Index (JCI) of the Indonesian Stock Exchange from 1997 to 2022. Employing multiple linear regression analysis using SPSS version 25, the study analyzes annual time series data spanning 25 years. Findings indicate a significant negative correlation between the USD/IDR exchange rate and world oil prices with the Jakarta Composite Index (JCI). However, the inflation rate, GDP, and Dow Jones Index do not exhibit significant influence on the Jakarta Composite Index (JCI). The study achieves an adjusted R-squared value of 0.674, suggesting that 67.4% of JCI movements are explained by the studied variables, leaving 32.6% attributed to external factors beyond this research scope.
Copyright (c) 2024 Ahsan Sumantika, Ferdy Kurniawan https://creativecommons.org/licenses/by-sa/4.0
Analysis of Marketing Ethics from an Islamic Perspective
Marketing ethics plays a crucial role in building trust and fostering long-term relationships with consumers, while also ensuring business sustainability and adherence to Sharia principles. The significant growth of the Islamic finance industry in countries such as Indonesia, Malaysia, Turkey, and the United Arab Emirates underscores the increasing relevance of understanding and applying Islamic marketing ethics. Through a systematic literature review approach, this article aims to identify the main principles of Islamic marketing ethics, evaluate the implementation of these principles in business practices, and present insights into the contribution of Islamic marketing ethics to sustainability and trust in the current global business context. This research emphasizes the importance of a better understanding and wider application of Islamic marketing ethics to address challenges and seize opportunities in the growing Islamic finance industry.
Copyright (c) 2024 JIMMI QIZWINI QIZWINI, Didin Hikmah Perkasa https://creativecommons.org/licenses/by-sa/4.0
Financial Distress Analysis Using The Altman Z-Score and Ohlson Methods on Companies Listed on The Indonesian Sharia Stock Index for 2020-2023
This research aims to determine and analyze the potential for bankruptcy using the Altman Z-Score and Ohlson O-Score methods in companies listed on the Indonesian Sharia Stock Index (ISSI) for the period 2020 - 2023. Data was obtained from published financial reports published on the website www.idx.co .id with the time period 2020 – 2023. The research population is manufacturing companies in the consumer goods sector, pharmaceutical sub-sector listed on the Indonesian Sharia Stock Index (ISSI) with sample data from annual financial reports for 4 consecutive years. This type of research is quantitative descriptive, where the descriptive itself describes whether a company's financial performance is good or bad, while quantitative explains the company's financial reports. The results of this research show that the company Kimia Farma (Persero) Tbk. (KAEF) is in the bankruptcy category during 2020 - 2023 due to high levels of liabilities, while PT. Darya-Varia Laboratoria Tbk. (DVLA) is in the healthy category based on analysis using the Altman model. Meanwhile, the analysis uses the Ohlson model for both companies which are declared in the healthy category during 2020 - 2023.
Copyright (c) 2024 Ahmad Faisal Saputro Saputro https://creativecommons.org/licenses/by-sa/4.0
Bridging the Financial Gap: Baitul Maal Wat Tamwil (BMT) as A Medium for Women’s Empowerment and Financial Inclusion
This paper is derived from the findings of community service programs aimed at improving women's access to Islamic microfinance Institutions, thereby empowering them and increasing their financial inclusion. The method to achieve the objective was through three educational sessions. The first session introduced participants to Islamic microfinance institutions, mainly focusing on BMT. The second session concentrated on women's empowerment, while the final session highlighted the importance of financial inclusion for women. The outcomes of these activities were increased knowledge, awareness, and skills among women regarding BMT, women's empowerment, and financial inclusion. In the future, additional training programs are necessary to further enhance women's empowerment, primarily related to financial and digital literacy, as these skills still need to be developed among the participants.
Copyright (c) 2024 Ninik Sri Rahayu https://creativecommons.org/licenses/by-sa/4.0