Suchergebnisse

Fintech in Indonesia is an untapped market opportunity. As a country with the largest muslim population in the world, the prospect of Islamic fintech in Indonesia is very good. This study tries to answer the problems that occur, strategy, and stakeholders involved in developing Islamic fintech in Indonesia using the Interpretive Structural Model (ISM) approach. The core problem faced in developing the Islamic finance technology industry is the lack of policy instruments that maintain the work process of fintech and the availability of human resources for fintech. The strategy needed in the framework of developing Islamic fintech is the ability to manage and analyze data in the big data era and human resources in digital marketing. For ecosystem aspects or actors involved in developing Islamic fintech in Indonesia, important actors include government or regulators, educational institutions (universities), as well as existing industries (banks and other financial institutions).

One of the Muslim scholars called the historian of Schumpeter's world is Ibn Khaldun. This figure has realized the great impact of economic factors on social and political life. Ibn Khaldun's formulation shows the composite and relationship of variables that are the prerequisites for the realization of a state (G). The variables are syari'ah (S), society (N), wealth (W), and development (D). This research will try to test the relation between several economic and political variables proposed by Ibn Khaldun by using quantitative approach of Vector Autoregression (VAR) and Granger Causality test.There are some important findings. First, the variable W (welfare) has a significant effect on the level of development of a State (DEV). When a country has a good level of economic growth, then the physical development of a State is relatively good and positive. Vice versa. Second, the N variable (society) has a significant effect on the level of development of a State (DEV). This conclusion is in line with Ibn Khaldun's thesis that the quantity and quality of human resources, especially those who work productively, will be able to improve the economy and the development of a State.Another conclusion is that the relatively stable state of the economy, the current government at that time will tend to have the power to survive in its leadership dynasty. In addition, with the good economic conditions and wealth of a State, the position and condition of the people will get better.

Financial technology in Indonesia is an untapped market opportunity. As the world's largest population Muslim country, the prospects for Islamic fintech in Indonesia seem very bright. This study tries to answer what problems, foundations and key ecosystem or stakeholders are involved in the development of Islamic fintech in Indonesia using Interpretive Structural Model (ISM) approach. The core problems faced in the development of Islamic financial technology industry are: Lack of policy instruments guarding the fintech work process, and availability of human resources for fintech. The core strategies or foundations that's needed in framework of Islamic fintech development are: Ability to manage and analyze data in big data era, and Human resources in digital marketing. For the aspects of Ecosystem or Actors involved in the development of Islamic fintech in Indonesia, the important actor is: Government or regulator, Educational institutions (universities), and also Existing industries (banks and other financial institutions).

The Development Problems Analysis of Islamic Banking in Indonesia: Application Analytic Network Process MethodThis study would try to address the problems that faced by Islamic banking institutions in Indonesia. The results showed that the problems that arise in the development of Islamic banks in Indonesia consists of four important aspects, namely: human, technical, legal/structural aspect, and market/communal aspect. Decomposition of problem as a whole gains the priorities: 1) There is not enough of Islamic banks capital yet; 2) Lack of understanding of Islamic bank practitioners; 3) Lack of government support; 4) the trust and public interest to Islamic banks tend to be low.While the priority of policy strategies that are considered able to resolve the problems of Islamic banking industry in Indonesia consists of: 1) strengthen the capital and business scale and improve the efficiency level; 2) improve the quantity and quality of human resources, and also information systems and technologies; Furthermore, 3) improve the structure of Islamic bank funds and harmonization of regulation and supervision. DOI:10.15408/ess.v6i2.3573

East Java as one of the National food barns has been able to contribute substantially in the fulfillment of National food needs through the development of food crops and horticulture sub-sector. With the potential and achievement of agriculture sector owned by East Java Province, it can improve competitiveness and improve farmer's income. But behind the potential of this great opportunity development in agroindustry in east java still leaves homework for the Government of East Java Province whether it is the problem from theexternal or internal. This research tries to identify problems in agroindustry development inEast java with Analytic Network Proccess (ANP) combined with Delphi method, including strategic solution that try to offer. ANP is a new supermatrix basedmodel developed by Saaty (2001) to map complex issues into a structured framework. Problems and strategies formed consist of several subcriteria related problems: 1) policy 2) market 3) finance 4) infrastructure 5) Research and Development and 6) Production and processing. The results show that the 3 main criteria that are key to agroindustry development in East Java are policy, infrastructure and finance. Therefore, all stakeholders including Bank Indonesia need to be concerned in these 3 issues, in order to achieve the competitive growth of East Java's global economy.

There are many factors in determining economic growth as well as an explanation of the success of economic performance that not only includes political and social forces. In particular there has been attention to the role of religion in the economics, with a number of economists that explored the relationship between religion and economic performance. This paper aims to measure how Islamic countries, which declared their country as an Islamic State or Islamic majority adherents, or as a member of the Organization of Islamic Confederation (OIC) which is part of the ASEAN? Are these countries run on Islamic economic principles? To measure Economic IslamicityIndex ASEAN countries, we use 10 indicators Economic Islamicity Index represented by 10 representatives based on the Islamic principles in economic.

It is important to do research on public sentiment towards microtakaful presence in a country in order to know public response to its existence. This study aimed to determine public sentiment towards microtakaful in Indonesia and in Malaysia. Data were collected from 40 articles, journals and other writings. Data were analyzed using the software Semantria as an analytical tool in the form of text. The results showed that the assessment of existence of microtakaful in Indonesia amounted to 52% of the community showed positive sentiment, 28% indicate negative sentiment and 20% indicates a neutral sentiment. While in Malaysia that 62% showed positive sentiment, 23% negative sentiment and 15% neutral sentiment.

Purpose: The implementation of zakat fund management especially in some zakat institutions is considered not optimum yet. This condition is represented by disparity between potential and actual collection. In Islam, the objective of zakat is not only to collect wealth and keep it idle, instead zakat should become a source of productive fund to fulfill societal needs. Some countries with advanced zakat institutions have developed zakat to become a pillar of economic development. Today, each zakat institution is competing against each other to innovate in zakat fund management. Empowerment in zakat institutions with the appropriate strategies will enhance zakat management and distribution for the betterment of zakat recipients (mustahiq) and the Muslim society at large. Design/Methodology/Approach: This research is aimed to analyze optimization of management in regional zakat institution with SWOT (strength, weakness, opportunity, threat) analysis approach with IFE-EFE Matrix. Descriptive qualitative analysis is used to explain optimization of fund in zakat institution. Major Findings:Findings of this research shows that zakat institution should improve their strategy by developing strength and turning threat into opportunities. Originality/Value: The study provides a guideline for regional zakat institution on how they can enhance their role and efficiency to boost the economic growth for the Islamic community in Indonesia. It may also be instrumental for the government to improve in efficiency and innovative manpower, considerable research and development in optimizing Islamic Gift Economy to enhance economic growth of the Islamic community of Indonesia.

This study attempts to identify the causes and dominant factors that hinder the development of cash waqf in Indonesia, using the IFE-EFE Matrix and SWOT methods, while offering solutions to solve it. Based on the results of IFE analysis, the highest-rank of strengths is the ability of cash waqf in expanding the base of waqf fund sources followed by the ease and zero cost of funds. In comparison, the top weaknesses are the lack of socialisation to the community and the lack of professional nazhir human resources. The results of EFE analysis imply the highest-rank opportunity is the potential of unlimited cash waqf followed by the emergence of many sharia financial institutions and Islamic economics study programs in universities. Meanwhile, the top threat is a weak political will of authorities, followed by the majority of traditional nazhir. It is expected that there will be a joint commitment from various parties, both from policymakers and academics and practitioners to support and encourage efforts to develop the Islamic (social) finance industry, especially in developing cash waqf in Indonesia.

Purpose of the study: Indonesia is a country with a majority of the Muslim population and the development of the halal industry should be the main focus. This study aims at examining the obstacles of halal industry development in Indonesia. It also attempts to provide strategies on how to accelerate the development of the halal industry in Indonesia. Methodology: This study used a qualitative research approach with the Analytic Network Process (A.N.P.) analysis techniques. This analysis process is supported by Microsoft Excel and A.N.P. software (Superdecisions). The analysis results from A.N.P. are in the order of priority. Because the A.N.P. analysis technique only uses the opinions of the experts, the results of this study will be robust enough. Main Findings: Based on the results of literature and in-depth interviews with experts, there are several important obstacles related to the development of the halal industry in Indonesia. Those obstacles are policy, production, socialization, infrastructure, and human resources. Based on the A.N.P. analysis result, from five groups found, the biggest weight is the human resource, infrastructure, production, policy, and socialization. Applications of this study: This research compiles the development strategy of the halal industry in Indonesia based on the priority obstacles agreed by the experts. This strategy focuses on the role of four economic participants, namely governments, consumers, investors, and industry. Therefore, it will be easier to continue the strategy into the halal industry development program in Indonesia. Novelty/Originality of this study: This study considers the priority of obstacles in the purposing strategy for developing the halal industry in Indonesia, which has never been done in previous studies. In addition, the analysis technique used refers to the opinions of experts in the Indonesian halal industry, so the results can be more applicable.