Amwaluna: Jurnal Ekonomi dan Keuangan Syariah

Increasing Firm Value, Financial Performance Through Sustainable Development Goals Report and GCG in Go Public Companies

Edwin Agus Buniarto, Norshahrizan Nordin — Wed, 31 Jul 2024 00:00:00 +0800

This study examines the relationship between the Sustainable Development Goals (SDGs) report, corporate governance, financial performance, and the value of mining companies that go public. The data analysis technique uses Partial Least Square (PLS). The research data is in the form of annual resport, and financial statements of mining companies listed on the IDX from 2019 to 2022. The scope of the study includes various determining factors such as the quality and level of disclosure of the SDG report, the effectiveness of corporate governance mechanisms, and the combined influence of them on financial performance and company value. The findings show that two determining factors significantly affect the value of a company. SDG reports have a significant positive influence on financial performance but a non-significant positive effect on company value. Good Corporate Governance has a significant positive impact on financial performance but has a significant negative effect on the SDG report and company value. Financial performance, in turn, positively and significantly affects the value of a company.

The Influence of Leadership and Work Environment on Lecturer Performance Through Job Satisfaction

Ifa Khoiria Ningrum, Nur Mahmudah, Mohd Shahid Azim bin Mohd Saufi — Wed, 31 Jul 2024 00:00:00 +0800

Globalization in the 5.0 era advances technology in communication and information, impacting human resources, services, and education. Lecturers, crucial for educational progress and higher education quality, engage in teaching, research, community service, and other key tasks. Quality education requires universities to develop standards for lecturer performance, influenced by leadership, work environment, and job satisfaction. Lecturer performance reflects the competence and progress of higher education institutions. Poor understanding of competence in lecturer performance lowers lecturers' societal standing, reducing education quality. So comprehensive and efficient modeling with analysis is needed Partial Least Square (PLS). The purpose of this research is to determine the influence of leadership and work environment on lecturer performance through job satisfaction. This research was conducted at the Nahdlatul Ulama Sunan Giri Bojonegoro University with respondents 58 permanent lecturers who had academic positions as expert assistants and lecturers using Partial Least Square (PLS). The research results show that the work environment has a significant effect on job satisfaction and lecturer performance. Other variables not contained in the research model, explain leadership, work environment, and job satisfaction by 34.2% such as work motivation, competency, organizational culture, and commitment variables.

The Role of Sharia Banks in Sustainable Development During Indonesia's Economic Recovery Post-Covid-19

Diah Dharmayanti, Abdul Aziz, Joko Suhariyanto, Yusuf Setyadi — Wed, 31 Jul 2024 00:00:00 +0800

Since Covid-19 appeared three years ago an undeniable economic recession has hit the world including Indonesia, the economy has slid drastically to minus 5 in 2020-2021. However, it finally revived after the new normal adaptation era in 2022, GDP showed a positive trend. This is of course because the role of Sharia banking, especially in assisting the national economic recovery program, shows a significant level. Research using a qualitative approach through descriptive methods yields findings that Indonesia's GDP per capita increases from 57.3 in 2022 to IDR 62.1 million in 2021 (an increase of 8.6%) equivalent to USD 4,349.5. The PEN program in 2021 also experienced a ceiling increase of Rp. 658.6 T (88.4%) from a ceiling of Rp. 744.77 T which was higher than the previous year of Rp. 575.8 T. The role and contribution of Sharia banks in serving financing in the MSME sector is becoming thing done completely. This is the achievement of Islamic banking in the new normal adaptation time of the Covid-19 outbreak.

Sustainable Finance Implementation on Institutional Aspects in Indonesia and the European Union

Asni Mustika Rani, Atih Rohaeti Dariah, Popon Srisusilawati — Wed, 31 Jul 2024 00:00:00 +0800

Realizing sustainable finance practices towards a zero-carbon emission economy requires support and participation from all stakeholders, especially regulators from an institutional perspective. Sustainable finance is crucial in driving transformative economic growth towards sustainability. This study aims to scrutinizes the appropriate institutional elements that can bolster sustainable finance initiatives within Indonesia and the European Union (EU). Using the content analysis method, this research delves into various written media, regulations, laws, and documents. The study reveals that, from an institutional perspective, both the EU and Indonesia align their sustainable finance implementation with regulators' work plans, characterized by shared goals and objectives. However, technical complexities and evolving regulatory aspects pose challenges, stemming from the need to reconcile diverse political views and adapt to changing circumstances. The results indicate that while strong institutional frameworks and regulatory plans exist, practical implementation of sustainable finance faces hurdles. These include the need for clearer guidelines, enhanced inter-agency coordination, and more robust mechanisms to monitor and enforce compliance. Although sustainable finance initiatives in both regions show promise, continuous improvement and adaptation are essential to effectively contribute to a zero-carbon emission economy.

Analysis of Land Tax in The Plantation Sector Viewed from Islamic Economic Leaders

Sarmiana Batubara, Nawir Yuslem, Muhammad Yafiz — Wed, 31 Jul 2024 00:00:00 +0800

This research is concerned with how land and building taxes affect the plantation sector in Indonesia by following one of the economic thought leaders Abu Yusuf in achieving justice. The researchers applied literature research or content analysis. Land and Building Tax for the Plantation Sector in Indonesia is seen from the point of view of Abu Yusuf because the idea will create justice for taxpayers, even though the tax must be paid 0.5% based on the Sales Value of the Tax Object (NJOP). The muqasamah system presented by Abu Yusuf pays more attention to details, starting from the type of land, soil fertility, irrigation, seasons, and price fluctuations at harvest, to ensure fairness in tax collection. If the muqasamah system is implemented in Indonesia, which has the character of an agrarian country, then state revenue from the plantation sector tax will have great potential. The concept put forward by Abu Yusuf is still very relevant to Indonesia, particularly in land and building taxes in the plantation sector. Therefore, the concept of Abu Yusuf can be considered by the Indonesian government in establishing policies related to land and building taxes in the plantation sector nationally

Halal Product Assurance at Traditional Markets in Luwu Raya Based on Halal Supply Chain Traceability

muhammad tahmidnur, Ishak Ishak, Qisty Amalina Rusmana Putri, Peni Sarijuddin — Wed, 31 Jul 2024 00:00:00 +0800

The purpose of this study is to explore halal products in the Greater Luwu Market using halal supply chain treacebilit. the research intends to develop practical guidelines and recommendations for market operators and regulators to implement and maintain Halal assurance systems effectively. Ultimately, the goal is to promote consumer confidence in Halal products available in these traditional markets and contribute to the broader objective of standardizing Halal practices in the region. This study uses qualitative research by collecting data in the form of random interviews with economic actors of producers, distribution, and consumers in the Greater Luwu market. The results of the study found that first there are three sources of supply of goods or commodities in the Greater Luwu Market, namely outside the city , collectors of goods and land products themselves. Secondly, the application of halal awareness indirectly in the Greater Luwu community, which in fact is mostly Muslim, makes halal supply management in the Greater Luwu market run according to the provisions even though there is no specific tool to detect supply, so that the availability of halal food ingredients in the Greater Luwu market can be said to be easy to find and still dominant.

Analysis of the Influence of Religiosity Values In Reducing Consumptive Behavior in Indonesian Muslim Consumers

Mujahidin, Zainuddin, Nahdah Rahmadani, Qisty Amalina Rusmana Putri — Wed, 31 Jul 2024 00:00:00 +0800

This research aims to analyze the influence of religiosity values on consumer behavior among Muslim consumers in Palopo City. Using a quantitative approach and survey methods, data was collected through questionnaires distributed to a sample of Muslim consumers in Palopo City. Linear regression analysis is used to test the relationship between religiosity variables and consumer behavior. The research results show that there is a significant influence of religiosity values in reducing consumptive behavior among Muslim consumers in Palopo City. The implications of this research provide a deeper understanding of how religiosity values can influence consumer behavior, as well as providing useful insights for marketers and business practitioners in developing marketing strategies that are in accordance with the religious values of Muslim consumers

Sharia Economic Law Criticism on Muhammad Syahrûr’s Hudûd Theory Regarding Bank Interes

Wed, 31 Jul 2024 00:00:00 +0800

n modern economics applied by conventional financial institutions, the interest system is inseparable. Economic system based on sharia principles emerged as a solution to riba-based (usury-based) transactional activities, which in sharia economic law is in the khilafiyyah (dissent) territory amongst scholars regarding whether the conventional bank interest is riba which is prohibited by Islamic law. A figure named Muhammad Syahrûr came up and offered his theory of limits (nazhariyyah al-hudûd) in providing riba limitations in the Quran. This research aims to describe M. Syahrûr's thoughts on bank interest based on his theory of limits, and to analyze it based on the review of sharia economic law (fiqh muamalah mâliyyah). this reseach is understood as a literary study research which is a research on secondary materials. The type of data used in this research is secondary data, which is literature focusing on the thoughts of a figure, which is Muhammad Syahrûr.The result of the research shows that Muhammad Syahrûr's opininion that allows the practice of bank interest based on his theory of limits (nazhariyyah al-hudûd) is a marjûh (weak) opinion, since it is not supported by valid arguments and it also contradicts the opinions of the jumhur ulama (the majority of the scholars).

Analysis of The Interaction of Monetary Policy and Islamic Investment Towards Indonesia's Economic Growth

Mohammad Yusuf, Asmuni Asmuni, Isnaini Harahap — Wed, 31 Jul 2024 00:00:00 +0800

Economic growth is the main measure of development success, and the results of economic growth will be enjoyed by the community either by itself or with government intervention. Economic growth is an important indicator in the real sector. The interaction between monetary policy and sharia investment in influencing Indonesia's economic growth is the main focus of this study. This study aims to analyze the effect of the interaction of monetary policy (interest rates, exchange rates and money supply) and the interaction of sharia investment (sukuk, sharia stocks, sharia mutual funds) on Indonesia's economic growth for the period 2000-2022. This type of research is quantitative research using time series data from secondary data with the Vector Error Correction Model (VECM) analysis method with the help of Eviews software. The results of this study indicate that the variables of short-term interest rates, SUKUK, sharia stocks, sharia mutual funds have a positive and significant effect on economic growth, while the rupiah exchange rate (KURS), the amount of money in circulation on economic growth show a negative and insignificant effect. The variables of long-term interest rates, rupiah exchange rates or KURS, the amount of money in circulation SUKUK, sharia stocks, mutual funds have a positive and significant effect on economic growth

The role of Zakat and Fitrah in improving Community Welfare: A Case Study of Baznas Garut Regency

Wed, 31 Jul 2024 00:00:00 +0800

Zakat has great potential to improve the welfare of people in Indonesia, including in Garut Regency. The professional and accountable management of zakat by the National Zakat Agency (BAZNAS) of Garut Regency is expected to encourage an increase in the economic welfare of the community. However, the performance of BAZNAS Garut in this case is not optimal, so the impact on improving public welfare is also not optimal. This gives rise to a critical perspective in society. This study aims to analyze the governance, distribution system, and the impact of Zakat mal and Zakat fitrah distributed BAZNAS Garut in improving the economic welfare of the community. The method used is descriptive analysis with empirical juridical approach and graphic simulation. The results showed that: 1) conceptually and empirically, zakat can increase economic growth and welfare; 2) distribution of zakat Mal BAZNAS Garut consists of consumptive and productive programs; 3) zakat mal has a positive impact on improving economic welfare; and 4) zakat al-Fitr also has a positive impact on improving the economic welfare of the community. However, this study concludes that the management of zakat by BAZNAS Garut is not optimal, so it is necessary to improve performance to realize better welfare.

Influence of The Financial Performance of Islamic Business Units on The Benefit of Stakeholders

Raja Ria Yusnita, Eka Nuraini Rachmawati, Asdelina Ritonga — Wed, 31 Jul 2024 00:00:00 +0800

Many studies are related to financial performance but only a few studies on the implementation of maslaha in Islamic banking, especially in Indonesia. This study aims to analyze the influence between financial performance and stakeholder benefits. This paper uses 20 Islamic Business Units in Indonesia with the period 2017 to 2021. The variables include financial performance (non-performing financing, return on assets, Operating Costs to Operating Income, Financing Funding Ratio) and Stakeholder Beneficence (Employees, Government, Community, Financing Consumers). This model is analyzed by linear regression with Partial Least Square (PLS) technique. The results show that financing performance affects the benefit of stakeholders, more specifically to the benefit of employees and the benefit of the community, and the government is the last party to benefit from the financial performance of UUS. This paper is a consideration for the government to pay more attention to policies that support the financial performance of UUS, so that, by providing appropriate support, the government can encourage the growth of UUS and in turn increase the benefits obtained by various parties, including the government itself.

The Impact of Zakat Management Accounting Information System Quality on Muzaki Satisfaction in Indonesia

Nunung Nurhayati, Dewi Sartika, Ririn Sk, Ayunazwa, M Rakan, Ridwan — Wed, 31 Jul 2024 00:00:00 +0800

The potential for zakat in Indonesia is very large, but in reality only 5% of zakat fund collection is obtained from this potential. Many factors influence the low acceptance of zakat funds, including the quality of the zakat management accounting information system which has an impact on decreasing the satisfaction of muzaki. The purpose of the study was to measure how much influence the quality of the management accounting information system has on the satisfaction of system users. While the research method used is explanatory research. With a sample of 100 muzaki, the data collection technique used a questionnaire, the research instrument used a validity and reliability test, the data analysis technique used SEM-PLS with an inner model and outer model. The results of this study prove that the quality of the zakat management accounting information system has a positive and significant effect on muzaki satisfaction. The results of this study provide a real contribution to zakat fund managers to pay attention to the quality of the management accounting information system that can provide speed and ease of information for muzaki, so that muzaki feel satisfied to deposit zakat funds in the amil institution which has an impact on the level of zakat fund collection increasing.

The Influence of Perceived Convenience and Use of E-Banking on Utilization of Syari'ah E-Banking Services

Masruchin, Amrullah Hayatudin, Fadwa Ali Sayed, Arief Wicaksono — Wed, 31 Jul 2024 00:00:00 +0800

The rapid development of technology encourages banking services to provide e-banking services. This study aims to investigate the influence of perceived ease and use of e-banking on the utilization of Islamic e-banking. The utilization of Islamic e-banking services among students has not been widely studied, so it is important to understand the factors that influenced it. The study used a quantitative approach with a survey method on 210 UMSIDA and UNISBA students who actively use Islamic e-banking. Data were collected through questionnaires and analyzed using SPSS version 22 analysis. The results showed that the perceived convenience and use of e-banking had a significant effect on the utilization of Islamic e-banking services. These findings can assist Islamic banking institutions in developing more effective strategies to attract and retain students as users of their services. This research also provides a scientific contribution in the field of Islamic banking and marketing studies, and can be a reference for future research on the utilization of Islamic e-banking services among university students. This research also indicates that the perceived ease and use of E-Banking are crucial factors in increasing the utilisation of Islamic E-Banking services.