scholarly journals PENGEMBANGAN MODEL REDUKSI RESIKO DAN KALASI KINERJA PEMBIAYAAN MUDHARABAH PADA LEMBAGA KEUANGAN MIKRO SYARI’AH

INFERENSI ◽  
2014 ◽  
Vol 6 (2) ◽  
pp. 331
Author(s):  
Siti Maria Wardayati ◽  
Nining Ika Wahyuni ◽  
Nur Hisamuddin
Keyword(s):  
Information Asymmetry ◽  
Financial Institutions ◽  
Partial Least Square ◽  
Least Square ◽  
Primary Data ◽  
Microfinance Institutions ◽  
Final Output ◽  
Islamic Financial Institutions ◽  
Islamic Microfinance ◽  
Financing Performance

The development of Islamic financial institutions in Indonesia is very fast eventhough it is a new institution that all products are new in this Muslim-majoritycountry. This study will test the competence variables account syariah officer andrisk of financing in relation to the financing is affecting performance, and will alsotest the variable business ethics and information asymmetry in relation to risk andfinancial performance. Sample of this research is Islamic Microfinance Institutionsin Jember and Bondowoso with respondent managers and leaders Sharia Microfinance Institutions using primary data obtained through questionnaires. This studyused a quantitative approach and the data processing using Partial Least Square(PLS). Final output of this research is the development of arisk reduction model offinancing is an attempte scalation of financing performance.

scholarly journals KONSEP PEMBIAYAAN BERBASIS AKAD JUAL BELI PADA BAITUL MAAL WAT TAMWIL PAHLAWAN TULUNGAGUNG

2020 ◽  
Vol 6 (7) ◽  
pp. 1434
Author(s):  
Ike Nofita Nurohmah ◽  
Irham Zaki
Keyword(s):  
Data Collection ◽  
Qualitative Methods ◽  
Financial Institutions ◽  
Study Strategies ◽  
Microfinance Institutions ◽  
Descriptive Case Study ◽  
Islamic Financial Institutions ◽  
Islamic Microfinance

Financing using a sale and purchase contract is one of the most dominant financing in Islamic financial institutions. One of the Islamic microfinance institutions namely baitul maal wat tamil has two types of sale and purchase agreements on its financing products, namely the contract of sale and purchase of murabahah and bai bithaman ajil. This study discusses the concept of financing based on the sale and purchase contract, namely murabahah and bai bithaman ajil on baitul maal wat tamwil (BMT) Pahlawan Tulungagung. The things that need to be reviewed in the practice of the ajabahah and bai bithaman contract are adjusted to the points in the DSN-MUI Fatwa on murabahah financing. This study uses qualitative methods with descriptive case study strategies. Data collection through interviews with four respondents consisting of financing managers, managers and two members of the financing of buying and selling financing and documentation. Interpretation and conclusions are made by linking between data obtained in interviews and documentation. The results of the study show that the concept of financing murabahah and bai bithaman ajil in BMT Pahlawan is not fully in accordance with the DSN-MUI Fatwa regarding the purchase of goods. However, this is still tolerated because of the limitations of BMT to purchase goods which then applies the Al-hajatu tunazzilu rule, manzilata al-dharurah, which is a requirement or need to occupy an emergency position so that the purchasing system is allowed.Keywords: Financing, Murabaha, Bai bithaman ajil, DSN-MUI, BMT Pahlawans

scholarly journals Drivers of Ar-Rahnu (pawn) acceptance: Malaysian evidence

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Hassanudin Mohd Thas Thaker ◽  
Ahmad Khaliq ◽  
Mohamed Asmy Bin Mohd Thas Thaker ◽  
Anwar Bin Allah Pitchay ◽  
K. Chandra Sakaran
Keyword(s):  
Financial Institutions ◽  
Perceived Risk ◽  
Credit Card ◽  
Social Factor ◽  
Partial Least Square ◽  
The Body ◽  
Least Square ◽  
Islamic Banks ◽  
Content Type ◽  
Islamic Financial Institutions

Purpose The purpose of this paper is to examine the factor persuading the acceptance of Islamic pawn broking (Ar-Rahnu) among Islamic bank customers. Design/methodology/approach The authors collected the data using a self-administered questionnaire design and analysed using SPSS Statistics and smart partial least square. The study is restricted to only respondents who are based in the area of Klang Valley (Selangor and Kuala Lumpur), as these two areas have a larger number of Islamic banks and a decent number of Islamic banks’ clients. A total of 381 respondents’ responses are used for this study, and the constructs involved for analysis purpose are affect, social factor, facilitating conditions, perceived financial benefits and perceived risk constructs. Findings The finding suggests a significant positive association for social factor and perceived risk, while negative association learnt for affect on acceptance of Ar-Rahnu financing. On the same note, the facilitating condition and perceived financial benefit are found insignificantly related. Practical implications The findings generated from this study are expected to enrich the literature on the body of knowledge, as it has served to broaden the understanding of the Ar-Rahnu acceptance level in Malaysia. As mentioned, there is limited literature available using this type of financing. Existing studies focus too much on conventional financing products such as personal financing, credit card, short-term loan and many others. Less attention is given to Ar-Rahnu financing. Thus, this study expected to add value to the literature available in the context of Islamic pawn broking business. Moreover, the findings of this study will be very helpful for the Islamic financial institutions to find the best way to retain Ar-Rahnu clients and encourage more client to choose Ar-Rahnu as a mode of financing. Originality/value This study owns greater potential to assist Islamic financial institutions to discover the best techniques to retain and encourage the grander number of clients for Ar-Rahnu as a mode of financing.

scholarly journals Does Islamic Microfinance indeed base on Sharia-compliant? The Shreds of Evidence Report in Ogan Komering Ilir regency, South Sumatera, Indonesia

2021 ◽  
Vol 5 (2) ◽  
pp. 181-188
Author(s):  
Misbahul Munir ◽  
Resa Arifatul Arifah ◽  
Kharisma Dewi
Keyword(s):  
Financial Institutions ◽  
Rapid Development ◽  
Tourism Development ◽  
Field Studies ◽  
Qualitative Approach ◽  
Microfinance Institutions ◽  
Islamic Financial Institutions ◽  
Islamic Microfinance ◽  
Islamic Values ◽  
Over Time

The development of Islamic economics and finance in Indonesia in the last few decades has experienced significant developments. It can be seen in the increasing number of sharia businesses in various sectors. From financial institutions, both bank and non-bank financial institutions, Islamic capital markets, sharia bonds (Sukuk) to tourism development managed in a sharia manner. Over time, this rapid development must also be balanced with compliance with sharia values. This study aims to assess Islamic microfinance institutions (BMT) in implementing sharia principles in their products. The product studied in this study is Murabahah. This research uses a qualitative approach with field studies. The results of this study, the BMT studied in this study in general, have implemented sharia values. The implication of this research is to strengthen the compliance of Islamic financial institutions in implementing Islamic values. This research can also be used as a reference by related parties, especially in developing Islamic financial institutions.

scholarly journals KONSTRUKSI KOPETENSI PROFESIONAL SARJANA EKONOMI SYARIAH PADA LEMBAGA KEUANGAN SYARIAH

INFERENSI ◽  
2013 ◽  
Vol 7 (1) ◽  
pp. 99
Author(s):  
Misnen Ardiansyah ◽  
Ibnu Qizam ◽  
Joko Setyono
Keyword(s):  
Higher Education ◽  
Financial Institutions ◽  
Sampling Method ◽  
Higher Education Institutions ◽  
Analytical Techniques ◽  
Positive Influence ◽  
Partial Least Square ◽  
Least Square ◽  
Islamic Financial Institutions ◽  
Industrial Needs

This study aims to analyze the perception of either students of higher education institutions of Islamic economics, or that of Islamic financial institutions, or that of institutions of sharia industry concerned with the competence of Islamic economics scholars. Data were obtained through the distribution of questionnaires in universities and branch offices of Islamic financial institutions in Yogyakarta selected by purposive sampling method. The analytical techniques used to address the hypothesis in this study was path analysis using the Partial Least Square (PLS) version 1.01. The results showed there is a positive influence of higher education institutions’ perceptions on students’ perceptions in the development of competence. However, both higher education institutions’ perceptions and students’ perceptions had no effect on the perception of the industry. This shows that there is still a gap between the competencies developed by higher education institutions and industrial needs.

The Determinants of Islamic Social Reporting Disclosure in Indonesia

2019 ◽  
Vol 4 (1) ◽  
pp. 05-14
Author(s):  
Tri Nofik Indayani ◽  
Puji Sucia Sukmaningrum ◽  
Achsania Hendratmi ◽  
Sylva Alif Rusmita
Keyword(s):  
Corporate Governance ◽  
Financial Institutions ◽  
Corporate Performance ◽  
Jel Classification ◽  
Partial Least Square ◽  
Least Square ◽  
Social Reporting ◽  
Good Corporate Governance ◽  
Islamic Financial Institutions ◽  
And Performance

Objective - The purpose of this research is to identify the relationship between corporate performance, Good Corporate Governance (GCG), and corporate characteristics on Islamic Social Reporting disclosure in Indonesia. Methodology/Technique - A quantitative approach is applied in this research. The sample of this study consists of companies that were consistently listed on the Jakarta Islamic Index (JII) from 2012 to 2017. A purposive sampling method with certain criteria was employed to produce a total of 72 samplings. Partial Least Square (PLS) was also used to analyse the data. Findings - The results of this research indicate that corporate performance has a positive and significant effect on ISR disclosure, GCG has a positive and significant effect on ISR disclosure, and corporate characteristics have a negative and insignificant effect on ISR disclosure. Novelty - Islamic Social Reporting is the answer and solution to the needs of the interested parties concerned with the company's financial statements. ISR becomes a very important thing for the reputation and performance of Islamic financial institutions. Islamic financial institutions that succeed in revealing their ISR value will be perceived as a reliable entity by the Muslim community in channelling their fund. Type of Paper Empirical Keywords: Islamic Social Reporting; Corporate Performance; Good Corporate Governance; Corporate Characteristics. JEL Classification: M40, M41, M49. DOI: 10.35609/afr.2019.4.1(2)

scholarly journals Kemandirian Pondok Pesantren Melalui Pendirian Bisnis Lembaga Keuangan di Kabupaten Pamekasan

2020 ◽  
Vol 5 (2) ◽  
pp. 24-35
Author(s):  
Nailah Aka Kusuma ◽  
Jamiatul Uyun ◽  
Evi Malia
Keyword(s):  
Financial Institutions ◽  
Direct Observation ◽  
Research Method ◽  
Boarding School ◽  
Boarding Schools ◽  
Third Parties ◽  
Microfinance Institutions ◽  
Islamic Financial Institutions ◽  
Islamic Microfinance ◽  
The Government

Abstrak: Kemandirian pondok pesatren akan terwujud apabila pondok pesantren bisa memenuhi kebutuhan dan biaya penyelenggaraan pendidikkannya sendiri tanpa bergantung pada pihak eksternal pondok pesantren. Penelitian ini bertujuan untuk mengetahui bagaimana kemandirian dari pondok pesantren yang memiliki usaha bisnis berupa lembaga keuangan dan kemandirian dari pondok pesantren yang tidak memiliki usaha bisnis. Metode penelitian yang digunakan dalam penelitian ini yaitu kualitatif deskriptif dengan melakukan wawancara dan observasi langsung kepada informan yang berkaitan dalam variabel penelitian ini. Objek penelitian ini adalah pada pondok pesantren yang ada di Pamekasan. Hasil dari penelitian ini yaitu adanya bisnis pondok pesantren dapat menciptakan pondok pesantren yang mandiri dan tidak tergantung terhadap pihak ketiga baik itu pemerintah maupun alumni santri serta iuran dari santri, namun dengan adanya lembaga keuangan mikro syariah mampu memberikan kontribusi kepada pondok pesantren setiap tahun dari sisa hasil usaha (SHU) yang didapatkan dari lembaga keuangan mikro syariah, keuntungan juga diperoleh dari usaha bisnis pesantren yang lainnya.   Keywords: Pondok Pesantren, Lembaga Keuanngan Syariah, Kemandirian.   Abstract: The independence of the pondok rapidly will be realized if the boarding schools can meet the needs and costs of conducting their own education without depending on external parties of the pesantren. This study aims to determine how independent Islamic boarding schools have business businesses in the form of financial institutions and the independence of Islamic boarding schools that do not have business. The research method used in this research is descriptive qualitative by conducting interviews and direct observation to informants who are related to this research variable. The object of this research is the Islamic boarding school in Pamekasan. The result of this research is that the existence of an Islamic boarding school business can create an independent Islamic boarding school and does not depend on third parties, both the government and santri alumni as well as contributions from students, but with the existence of Islamic microfinance institutions it only contributes to the boarding school every year from the remaining results. Business (SHU) obtained from Islamic microfinance institutions, profits are also obtained from other Islamic boarding school businesses.   Keywords: Islamic boarding schools, Islamic financial institutions, independence.

scholarly journals Impact of Transparency and Accountability on Trust and Intention to Donate Cash Waqf in Islamic Microfinance Institutions

2020 ◽  
Vol 5 (2) ◽  
pp. 197
Author(s):  
Zulfikar Ali Ahmad ◽  
Rusdianto Rusdianto
Keyword(s):  
Structural Equation ◽  
Equation Model ◽  
Partial Least Square ◽  
Least Square ◽  
Islamic Finance ◽  
Microfinance Institutions ◽  
Measurement Models ◽  
Islamic Microfinance ◽  
The Impact ◽  
Transparency And Accountability

Research examining the intention of cash waqf in Islamic Microfinance institutions remain more paucity of evidence. To the best of the authors' knowledge, previous studies have still been silent on exploring the intention of cash waqf in the context of Baitul Maal wat Tamwil (BMT). Dealing with this issue, this study examines the impact of transparency and accountability perception on trust and intention to donate cash waqf in Islamic Microfinance Institutions. This study employed a survey in the form of a questionnaire to obtain the required data from 303 waqif (people who donate cash waqf) both at BMT and another nazhir waqf around the island of Java, Indonesia. Furthermore, the data were analyzed using Structural Equation Model-Partial Least Square (SEM-PLS) in two stages, i.e., measurement models and structural models. The results of data analysis portrayed that the perception of transparency provided a significant impact on trust and intention to donate cash waqf in Islamic finance institutions. It was also depicted that the level of trust positively influenced the intention to give cash waqf in Islamic finance institutions. These results offer significant contributions as fruitful insights to strengthen the transparency and accountability of Islamic microfinance institutions, particularly Baitul Maal wat Tamwil (BMT) in Indonesia.

MOTIVASI MEMEDIASI PENGARUH PELATIHAN DAN LINGKUNGAN KERJA TERHADAP KINERJA KARYAWAN PT. TELKOM WITEL YOGYAKARTA

2020 ◽  
Vol 28 (1) ◽  
pp. 71-88
Author(s):  
Tyas Tunjung Sari ◽  
Pandu Nuansa Luhur
Keyword(s):  
Work Environment ◽  
Significant Influence ◽  
Structural Equation ◽  
Employee Performance ◽  
Partial Least Square ◽  
Least Square ◽  
Primary Data ◽  
Version 2.0 ◽  
Analyze Data

This study aims to determine the motivation of work to mediate the effect of training and work environment on employee performance at PT. Telkom Witel Yogyakarta Yogyakarta. The purpose of this study is to determine and analyze 1) the effect of training on employee performance at PT. Telkom Witel Yogyakarta 2) the effect of training on employee performance through motivation at PT. Telkom Witel Yogyakarta 3) the influence of the work environment on employee performance at PT. Telkom Witel Yogyakarta 4) the influence of the work environment on employee performance through motivation at PT. Telkom Witel Yogyakarta. This study uses primary data through research on 62 respondents. Structural Equation is used to analyze data, using PLS (Partial Least Square) version 2.0. The results of this study indicate that there are 1) positive and significant influence of training on employee performance 2) positive and significant influence of work environment on employee performance 3) positive and significant effect of training on employee performance through motivation 4) positive and significant influence of work environment on employee performance through motivation.

A Consuequence of Statisfaction and Loyalty: How Brand nd Purchase Intention Affect Its (An empirical study of Bengkulu)

2020 ◽  
Vol 7 (2) ◽  
pp. 61-70
Author(s):  
Fachri Eka Saputra ◽  
Fedyah Anggriani
Keyword(s):  
Customer Satisfaction ◽  
Customer Loyalty ◽  
Purchase Intention ◽  
Partial Least Square ◽  
Least Square ◽  
Primary Data ◽  
Price Fairness ◽  
Online Questionnaire ◽  
Positive Effect ◽  
Descriptive Method

The purpose of this study as to determine how the effect of waterpark image and price fairness on customer satisfaction and its implications for customer loyalty at Waterpark Wahana Surya Bengkulu. The measurement of this study uses 14 indicator items which are distributed using an online questionnaire. The number of samples in this study were 136 respondents and the data were analyzed using SEM PLS (Partial Least Square). Date were collected using a questionnaire using a Likert scale. This research used descriptive method with a quantitative approach. The type of data used in this study is primary data. The results of this study prove that 1. waterpark image has a positive effect on price fairness, 2. Waterpark image has a positive effect on customer satisfaction, 3. Fairness of price has a positive effect on customer satisfaction, 4. Waterpark image has a positive effect on customer loyalty, 5. Fairness of price has a positive effect on customer loyalty, 6. Customer satisfaction has no effect on customer loyalty.

Effects of Financial Innovations on Profitability for Deposit Taking Microfinancing Institutions in Kenya

2018 ◽  
Vol 9 (6) ◽  
pp. 529-536
Author(s):  
Martin Khoya Odipo ◽  
Keyword(s):  
Financial Institutions ◽  
Positive Relationship ◽  
Financial Institution ◽  
Secondary Data ◽  
Financial Statements ◽  
Descriptive Statistics ◽  
Primary Data ◽  
Microfinance Institutions ◽  
Financial Innovations ◽  
Strong Positive Relationship

Recent studies have documented that innovations improve profitability of firms. This article documents that deposit taking micro financial institutions that have adopted financial innovations have increased their profitability. The study covered five years between 2009-2013. Both primary and secondary data were used in the study. Primary data was obtained through administration of drop and pick questionnaires to selected employees of the institutions. Secondary data was obtained from financial statements and management reports of these deposit taking microfinance institutions. Data was analyzed using descriptive statistics, return on asset and multi-liner regression model to determine the effect of each financial innovation applied on profitability on the micro-financial institution. The results showed that most deposit taking microfinance institutions adopted these financial innovations in their current operations. There was strong positive relationship between individual innovations and profitability. In line with profitability ROA also showed improvement each year after the adoption of these financial innovations.

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