Amwaluna: Jurnal Ekonomi dan Keuangan Syariah

Protection and Legal Aid for Women Migrant Workers with Problems in Kuala Lumpur Malaysia

2025-01-17T17:49:23+08:00

Indonesia is one of the largest migrant worker-sending countries in Southeast Asia, with Malaysia being a major destination. Most of these migrant workers are women working in the informal sector, such as domestic helpers, who are often vulnerable to exploitation and human rights violations. The research on the protection of Indonesian female migrant workers in Malaysia aims to identify the problems faced, analyze the effectiveness of existing policies and programs, and provide recommendations to improve their protection and welfare. This research is important to contribute to improving the system of placement and protection of migrant workers, and to ensure that their rights are respected and protected. The research method used is the normative juristic method, which prioritizes secondary data, but is also complemented by primary data in the form of interviews and discussions with migrant workers who are experiencing legal problems in Kuala Lumpur Malaysia. In conclusion, female migrant workers, especially those working in the informal sector as domestic workers, are highly vulnerable to various forms of human rights violations, including exploitation, physical and psychological violence, sexual harassment, excessive working hours, inadequate wages, and poor working conditions. Illegal status exacerbates vulnerability, as illegal migrant workers do not have the same legal protections as legal migrant workers and are afraid to report abuses they experience

The Implementation of the Principle of Profit Sharing of Mudharabah and Musyarakah in The Realm of Community Economic Development

2025-02-18T06:21:20+08:00

This study investigates the implementation of the profit-sharing concept through mudharabah and musharakah contracts within the context of community economic growth in general. Library research methods are utilized to collect and analyze relevant literature, emphasising how these two contracts might help Muslims avoid the usury trap. The study's findings reveal that mudharabah and musharakah have become an important feature of Indonesia's Islamic financial system, helping to finance productive enterprises. Although there are obstacles to its adoption, such as a lack of public comprehension and insufficient rules, both contracts have the potential to boost economic welfare significantly. This study also emphasizes the role of Islamic scholars and financial organizations in creating and overseeing this practice to ensure that Sharia principles are not breached

Does the Islamic Accounting Profit Methodology Create Maslahah?: Comparison between Conventional Bank and Islamic Bank in Practice

2025-02-05T19:02:36+08:00

This study aims to find the Islamic Accounting Profit System and its application in financial products in Islamic banks is in accordance with the objectives of the Islamic Purpose (maqashid sharia) to achieve economic justice in which equitable distribution of income and wealth is created. The problem is that in Indonesia, the Cleric has created Fatwa or Islamic Law no. 84/MUI/2012 that allows banks to use profit methodology’s either in the form of an annuity system (Thariqah al-Tanaqushiyyah) using the time value of money calculation or through a proportional system (Thariqah Mubasyirah) using an economic value system whereby profit is evenly distributed up to maturity. This research is conducted via a literature review, field studies and inferential research, and it enhances the research and the application of the profit rate as it was previously applied in Islamic financial institutions in Indonesia (3 Banks: Bank Muammalat, Bank Danamon Syariah and Bank Permata Syariah) and Bank in Bangladesh and Malaysia. The results from the research is that the distribution of investment income in Islamic banks that uses the concept of profit rate (the economic principle for the value of time) with an even distribution between principal and margins on short-term transactions (proportional method), giving a better welfare to banks and customers. Conclusion Sharia Bank in the future should use Proportional Methodology in applying accounting that in accordance with sharia principle.

Opportunities And Challenges of Indonesian Sharia Banking Digital Services for Hajj-Umrah in Saudi Arabia

2025-01-17T10:16:26+08:00

Indonesia's growing Hajj and Umrah pilgrim population, along with a significant number of Indonesian expatriates in Saudi Arabia, has increased the demand for accessible and efficient Sharia-compliant financial services. The purpose of this paper is to analyze strengths, weaknesses, opportunities and threats (SWOT) Indonesian sharia banking digital services for Indonesian citizens in Saudi Arabia (Hajj and Umrah pilgrims as well as Indonesian citizens living in Saudi Arabia) and finally prioritizing strategies according to expert assessments, including experts, practitioners, regulators and stakeholders. Since SWOT analysis is unable to rank the strategies developed, an analytical network process method is applied to prioritize them according to expert judgment. The results are compared with the results of the Analytic Network Process (ANP). The results of this research analysis found that the SWOT analysis found strengths, weaknesses, threats and opportunities in Indonesian sharia banking digital services for Indonesian citizens in Saudi Arabia. The criteria tested are digital sharia banking services, sharia banking regulations, budget, human resources, infrastructure. The results of the ANP analysis found that regarding the criteria for aspects of digital sharia banking services in Indonesia for Indonesian citizens in Saudi Arabia, the indicator that is the main priority is infrastructure. Then, in the sub-criteria for the digital service aspect of sharia banks, the main indicator is mobile banking, the sub-criteria for sharia banking regulations is the MoU on sharia banking in Indonesia and Saudi Arabia. Furthermore, the main indicators in the budget sub-criteria are costs required in Indonesia, the HR sub-criteria are IT HR in sharia banking in Saudi Arabia, and finally in the infrastructure sub-criteria is infrastructure in Indonesian sharia banking

Syariah Self-Efficacy, Competency Certification, and Digital Literacy on Work Readiness of Expertise Program Students Mediated by Field Work Practices in The Islamic Concept

2025-01-18T20:23:07+08:00

This study examines the impact of self-efficacy, competency certification, and digital literacy on the work readiness of students enrolled in expertise programs, with a focus on the mediating role of field work practices within an Islamic educational context. 250 students participated in the study by filling out questionnaires and participating in focus groups. The type of research was quantitative research with 250 respondents as simple random sampling based on Slovin formula. SEM-PLS model's statistical tests for validity and reliability were applied to both the outer and inner models. The findings indicate that higher levels of self-efficacy and competency certification significantly enhance students' perceived work readiness. Additionally, digital literacy emerged as a critical factor, particularly when coupled with practical fieldwork experiences that align with Islamic values and principles. The study underscores the importance of integrating these elements to better prepare students for the workforce, providing valuable insights for educators and policymakers in Islamic educational settings. Additionally, a combination of self-efficacy, competency certification, and digital literacy has a 55.20% influence on work readiness.

Selfefficacy and Intrinsic Motivation Dreivers of Entrepreneurial Interest in Mosque in Teenagers in Deli Serdang

2025-01-05T01:27:38+08:00

The role of religious institutions in fostering entrepreneurial mindsets among youth has gained increasing attention in recent years. This study examines the intersection of self-efficacy and intrinsic motivation as key drivers of entrepreneurial interest among teenagers participating in mosque activities in Deli Serdang, Indonesia. With a youth population of approximately 25% and over 500 active mosques in the region, Deli Serdang presents a unique opportunity to understand how religious environments influence entrepreneurial development in young people. Research aims to analyze the influence of self-efficacy and intrinsic motivation on interest in entrepreneurship among mosque teenagers in Deli Serdang Regency. Self-efficacy or self-efficacy is a person's belief in his or her ability to carry out a task, while intrinsic motivation is a drive from within that arises because of needs and desires from within oneself. The research used quantitative methods with a survey approach to mosque youth in Deli Serdang Regency. Data collection was carried out through questionnaires distributed to respondents using purposive sampling technique. Data analysis uses multiple linear regression to test the research hypothesis. The research results show that self-efficacy and intrinsic motivation partially and simultaneously have a positive and significant effect on the entrepreneurial interest of mosque teenagers. These findings indicate that increasing self-efficacy and intrinsic motivation can encourage the growth of interest in entrepreneurship among mosque youth. This research provides theoretical contributions to the development of religious community-based entrepreneurship literature and practical implications for the development of mosque youth economic empowerment programs

The Impact of Income, Interest, and Financial Literacy on Sharia Banking Products in Semarang City: A Moderating Effect of Religion

2025-01-05T01:36:45+08:00

This study found that income, financial literacy, and religiosity significantly influence the use of Islamic banking products in Semarang, with the research conducted from February to March 2024, while interest did not have a significant impact. This study, involving 85 respondents, used the PLS-SEM method and tested seven hypotheses, with five yielding positive results. The research highlights the interaction between economic, social, and religious factors in Islamic banking. Practically, Islamic banks are advised to strengthen financial literacy based on religious values and tailor their products to match customers' income profiles and religiosity.

Legal Protection for Sharia Capital Market Investors To Increase Investor Confidence Through The ‘Sharia Securities List’

2025-01-22T08:29:35+08:00

Investors' worldly benefits and blessings in the hereafter are the main considerations in investing in the Islamic Capital Market. Many issuers have registered their companies on the Sharia Securities List based on POJK No. 35/POJK.04/2017 concerning Criteria and Issuance of Sharia Securities List. However, in practice, issuers that have been included in the Sharia Securities List can be removed from the list in the following period because they no longer fulfill the requirements of the POJK. This study aims to analyze the effectiveness of the implementation of investor protection regulations in the Sharia capital market with a focus on issuers' compliance with Sharia principles. The method used is descriptive-analytical with a normative juridical approach, and the analysis is qualitative. The results showed that the regulations related to the Sharia capital market are sufficient. Meanwhile, the implementation of legal protection for investors in the Sharia capital market needs to be improved to further increase investor confidence. This study recommends increased routine supervision by OJK, law enforcement with stricter sanctions for issuers that do not fulfill Sharia principles, and increased transparency of information for investors.

Prevention of Fraud: Using the Concept of Istikhlaf Approach for Public Accountants

2025-01-18T21:22:22+08:00

This study aims to explore the effectiveness of the istikhlaf concept approach in fraud prevention among public accountants. Istikhlaf, which refers to the concept of leadership and responsibility from an Islamic perspective, offers an ethical approach that can strengthen integrity and honesty in the accounting profession. This study uses a quantitative method by collecting data through questionnaires distributed to 63 public accountants in various public accounting firms in Medan city. Data analysis is conducted using the Partial Least Square (PLS) analysis method to determine the relationship between the implementation of the istikhlaf concept and the reduction of fraud incidents. The results of the study show that there is a significant positive correlation between the implementation of the istikhlaf concept and fraud prevention. Accountants who adopt the principles of istikhlaf tend to exhibit more ethical behavior and are less involved in fraudulent actions. These findings indicate that the integration of strong moral and ethical values, as promoted in the istikhlaf concept, can play an important role in fraud prevention efforts in the public accounting profession. This study suggests that public accountants consider implementing training programs that incorporate the istikhlaf concept to enhance ethical awareness and responsibility among accountants. Thus, the results of this study not only contribute to the academic literature on fraud prevention but also provide practical recommendations for practitioners in improving professional integrity.

The Influence of Hedonic Motive, Shopping Lifestyle and Religiosity on Customer’s Impulse Buying Behavior: Moderated by Fear of Missing Out

2025-01-05T23:02:59+08:00

In recent years, there has been significant change in consumer behavior, particularly in the decision-making process and its influence on purchase intentions. Diverse market conditions, characterized by increased competition, have underscored the importance of understanding factors affecting consumer behavior. This study aims to explore the influence of hedonic motives, shopping lifestyle, and religiosity on impulse buying among customers of Muslim fashion stores with Fear of Missing Out (FOMO) as a moderating variable. The research employs a quantitative approach with purposive sampling technique to select 100 Muslim women respondents. Data collection is conducted through online questionnaires and analyzed using Structural Equation Modeling Partial Least Squares (SEM PLS). The findings demonstrate that hedonic motives and shopping lifestyle significantly and positively influence impulse buying, while religiosity also plays a role in enhancing impulsive purchasing behavior. However, FOMO does not significantly moderate the relationship between religiosity and impulse buying. These results highlight the interplay between psychological and cultural factors in shaping consumer behavior in niche markets. The study provides actionable insights for marketers in the Muslim fashion sector to design targeted strategies that resonate with consumer motivations. Additionally, it contributes to the theoretical understanding of consumer behavior within the context of religious and cultural influences, offering a foundation for future research in this domain.

Ikrar Cash Waqf for Economic Equality According to Law Number 4 Year 2023 And Islamic Economic Law

2025-01-17T18:01:23+08:00

Cash Waqf in Islamic Banks for economic equality has become an essential topic in the legal framework regulated by Law Number 4 Year 2023 concerning the Development and Strengthening of the Financial Sector and Islamic Economic Law. Cash waqf in Islamic Banks provides a legal basis for raising funds needed to support economic equality, which aims for sustainable economic development. The purpose of this study is to explain Cash Waqf in Islamic Banks for economic equality, first, according to Law Number 4 Year 2023 concerning the Development and Strengthening of the Financial Sector and, second, according to Islamic Economic Law. The research method used normative juridical with a statute and conceptual approach, while the research specifications used descriptive analytical. The results of the study indicated that Law Number 4 Year 2023 provides a legal framework to support cash waqf in Islamic Banks by providing opportunities for them to become waqf nazirs. Then, this will support national economic equality in accordance with the objectives of waqf according to Islamic economic law. However, harmonization of regulations related to banks as cash waqf nazirs is needed.

The Influence of Academic Service Quality on Student Loyalty: Mediating Effects of Student Satisfaction

2025-02-05T19:14:38+08:00

This study aims to analyze the effect of academic service quality on student loyalty and explore the role of student satisfaction as a mediating variable in this relationship. Specifically, this study seeks to identify the extent to which academic service quality can increase student loyalty directly or indirectly through student satisfaction. The method used in this study is path analysis. The data used are quantitative data collected through a survey using a questionnaire. The research sample consisted of 100 students undergraduate from various study programs at Yogyakarta Aerospace Technology College selected using convenience sampling techniques. Data processing and analysis were carried out using AMOS software to test the relationship between variables in the research model. The results of the study indicate that academic service quality has a positive and significant effect on student satisfaction, which in turn affects student loyalty. Student satisfaction is proven to be a mediating variable that strengthens the relationship between academic service quality and student loyalty. This finding emphasizes the importance of improving academic service quality in building student loyalty in higher education environments.