NUsantara Islamic Economic Journal

Ziswaf Fundraising and Distribution Strategy during Covid -19 Pandemic at Laziswaf Unida

Damar Jamil — 2023-08-07

In March 2020, the world was shaken by an outbreak of the corona virus, the virus first appeared in the Chinese city of Wuhan. Almost all countries are affected by it, including Indonesia. The impact caused by the corona virus is multidimensional social, economic, political, educational, and health. For example in the economic sector, with the issuance of instructions from the government, the lockdown of all economic activities has stopped, and if it continues it will cause a crisis in this field, for zakat institutions this corona virus has an impact on zakat collection. Therefore zakat institutions must innovate in dealing with this pandemic, which indirectly becomes a moment to educate the wider community about the importance of zakat and the effects of it, so as to grow in each of them a culture of sharing and caring for those around them. The purpose of this study is to find out and analyze the right strategy for collecting zakat and distributing it in the wider community, reflecting on what is in the Islamic boarding school environment which has been able to have a significant impact even in a pandemic situation, especially if it is applied to the wider community. The approach used in this paper is descriptive qualitative. The main data source for this paper is information obtained from interviews and observations from the executors of these activities in the hut itself. The conclusion of this paper is that the strategy in implementing zakat activities is very important to support its success. As a whole, we are currently still integrating manual and digital collections. Both of these strategies are still the mainstay.

Factors influencing on consumer purchase interest through Shopee & Tokopedia study case : book & stationery stores La Tansa Gontor Ponorogo e-commerce

muhammad ridho akbar — 2023-08-07

The development of information technology is changing many facets of existence. The internet has broad connectivity and reach, low communication costs, is manageable, and swiftly disseminates information because it is so widely used in society. Indeed, the phenomena of internet usage, which is anticipated to grow over time, presents a new economic potential for e-commerce. One of the businesses owned by Pondok Modern Gontor, situated in Ponorogo City, East Java, is La Tansa Gontor Book & Stationery Store. One of several bookstores in Ponorogo Regency is La Tansa Bookstore. Facebook, Whatsapp, and Instagram are all extensively used by La Tansa Bookstore to advertise on social media. To increase consumer reach, it makes use of a number of marketplaces, including Shopee and Tokopedia. For Pondok Modern Darussalam Gontor, using a marketplace as a sales channel is obviously novel, particularly for the La Tansa Gontor Bookstore because not a single business unit has done so, even if selling through the Shopee and Tokopedia platforms has been well-received. The significant level of interest from buyers in many locations speaks to the neighborhood. The increase of Followers and the numerous conversations between clients and the online administrator of La Tansa Bookstore show that the community reacts favorably. The Theory of Planned Behavior, popularized by Icek Ajzen, is the theory applied in this study. This hypothesis is predicated on three different variables: behavioral attitude, subjective norms, and perceived behavioral control. In this study, a descriptive survey method is combined with a quantitative approach. With a sample size of 358 participants, the population in this study consisted of the 3,416 followers in marketplace platform. Several linear regression tests were employed in this investigation. A total score of 31,038 indicated that the aspects of product price and quality were thought to be very influential. The product pricing component, one of the two variables included in the study, had the most significant impact on consumer purchasing interest. with a 66.3% percentage. Product quality, on the other hand, has a 11.48% influence on consumer purchasing interest. Overall, the factors of product price and product quality jointly affect consumer purchasing interest with a significance of 0.05 and a F computed value of 293,715 F table 3.021, indicating that both factors have an impact.

Dimensions of the construct of Islamic financial inclusion for students at the University of Darussalam Gontor, Indonesia

rafid nopram — 2023-08-09

Access to finance has an important role in improving people's standard of living and welfare. One of the factors causing the low interest in access to various banking institutions, products, and services is the lack of financial education among Indonesian people. Education is an important point for increasing financial literacy and inclusion. Good education is carried out at productive ages (15-64 years). For this reason, the management of integrated financial access is something that must receive special attention. In this study, researcher took objects at Darussalam Gontor University by taking UNIDA student respondents from each faculty using a random sampling technique with Structural Equation Modeling (SEM) testing on Lisrel 8.8 software. By using financial literacy (financial knowledge, financial behavior, and financial attitudes) and the level of religiosity as exogenous latent variables on the level of Islamic financial inclusion of UNIDA students as endogenous latent variables. The results show that there is a very significant and positive relationship between exogenous latent variables and endogenous latent variables. So it can be interpreted that someone who has a good level of literacy and also a good level of religiosity, has a better level of access to financial services.

The influence of the health level of sharia bank using the RGEC method on third party funding and profitability

Marwati — 2023-08-09

The health of a financial institution is in the interest of all related parties, both capital owners and bank managers, people who use bank services, and OJK as the owner of the authority in supervising banks. A healthy bank is a bank that can carry out its functions well, namely being able to maintain and maintain public trust, can carry out the intermediation function, can assist payment traffic and can be used by the government in carrying out various monetary policies, and most importantly can improve performance. financial form of profit or profitability. This study aims to analyze the effect of Islamic bank health level using the RGEC (Risk Profile, Good Corporate Governance, Earning, and Capital) method on third party fund raising and profitability. This study uses a descriptive quantitative research method, with the independent variable being the Soundness of Islamic Banks Using the RGEC Method with indicators of CAR, NPF, FDR, NOM, BOPO. As for the dependent variable, namely Third Party Funds and Profitability (ROA). Data collection techniques used secondary sources with data analysis using multiple linear regression analysis with the help of IBM SPSS 20. The results showed that the Health Level of Bank Syariah Mandiri in 2013-2020 experienced an increase in the CAR ratio which was categorized as very good. Likewise, the ratio of NPF and FDR is in the Good category. However, the NOM ratio is categorized as Bad. While the BOPO ratio is categorized as Very Good. Likewise, the ROA ratio is categorized as Good Enough. Meanwhile, the collection of third party funds increased by 2.59% or equivalent to 2.018 billion per quarter. Together (simultaneously) the variables of bank soundness, namely CAR, NPF, FDR, NOM, and BOPO have a significant influence and are able to explain the Third Party Fund (DPK) variable of 37.3%. Likewise, the Profitability (ROA) variable has a significant influence and is able to explain 99.9%. While individually (partial) CAR, NPF, FDR, BOPO have no significant effect on Third Party Funds and Profitability (ROA). However, NOM has a significant effect on Third Party Funds and Profitability (ROA).

The effect of religiusity, social environment and levels of profit sharing on customer interest in saving at KSPPS Artha Abadi Jepara

mahmudah sa'diyah — 2023-08-24

The purpose of this study was to determine the effect of religiosity, social environment and the level of profit sharing on the intention to saving at Islamic financial institutions KSPPS Artha Abadi Jepara. The data used in this study are primary data collected through questionnaires. The population of this study were members of KSPPS Artha Abadi Jepara, totaling 4470 people with a sample of 98 respondents. The analysis technique used in this study is to use multiple regression analysis. The results of this study indicate that simultaneously Religiosity (X1), Social Environment (X2), Level of Profit Sharing (X3) simultaneously affect the intention to save (Y) at KSPPS Artha Abadi Jepara. However, partially religiosity, social environment, and profit-sharing levels have a positive and significant effect on the intention to save at KSPPS Artha Abadi Jepara.

The analysis on capital asset pricing model (CAPM) on the Jakarta Islamic Index (JII)

Edi Susilo — 2023-08-24

The purpose of this research is to analyze the use of the Capital Asset Pricing Model (CAPM), for investment decisions in the Jakarta Islamic Index (JII), the period June 2015 - November 2018. This research is a descriptive quantitative study. The object of this study is all stocks recorded on the Jakarta Islamic Index (JII), for the period June 2015 - November 2018. Sampling using purposive sampling technique, selected 19 stocks that were consistently recorded during the study period. The aftereffects of this investigation demonstrate that efficient stocks with individual returns higher than the expected rate of return [(Ri)> E (Ri)], are 9 stocks, namely ADRO, ASII, INCO, INDF, SMGR, TLKM, UNTR, UNVR and WSKT. . While stocks with individual returns lower than the expected rate of return [(Ri) <E (Ri)], or inefficient stocks are 10 stocks, namely; AKRA, BSDE, ICBP, KLBF, LPKR, LPPF, PGAS, PTPP, SMRA and WIKA. The best investment decision for investors is to buy stocks efficiently.

The urgency of zakat and waqf management for improvement public welfare

Zulko Irfan Nuriyan — 2023-10-05

Religious concepts such as zakat and waqf include both divine and social aspects, allowing their use for the good of society. And to make this happen, Waqf and Zakat management must be competent and accountable. Zakat and waqf can be used for human resource purposes, such as providing scholarship status for students, teachers and lecturers in their respective fields, including in the mustahiq zakat category. In particular, zakat and waqf collectors must have clear priorities and a well-defined program. Likewise, reporting (income and expenditure) must be expressed clearly and firmly in order to increase understanding of muzakki and waqif.

what drives the receipt of zakat fund?

Riska Nur Istiqomah — 2023-10-05

Indonesia as a country with the majority of Muslim population can take advantage of zakat instrument in order to solve macroeconomic problems like poverty case. The potential of zakat in Indonesia since 2017-2021 tends to increase. This condition is in line with an increase in the number of Muslim populations, however the realization of zakat receipt is not still comparable to the targeted potential. One of factors that cause the receipt of zakat is not optimal yet in Indonesia is macroeconomic factor that might affect public welfare which is related to economic stability of the country. Therefore, this research is aimed to identify short and long-term effects of economic growth, inflation, exchange rate, and money supply on receipt of zakat in Indonesia. The method in this research is quantitative method with VECM analysis. This research uses time series data with the period from 2017-2021. The variables in this research comprise of independent variables: economic growth, inflation, exchange rate, and money supply, while dependent variable is receipt of zakat. The research result refers that within short-term and long-term, the variables of economic growth and inflation affect negatively and significantly to zakat receipt. Meanwhile, the short-term exchange rate and money supply do not have significant effects to zakat receipt, while in the long-term; they have positive and significant effects.