scholarly journals Fintech Waqaf: Solusi Permodalan Perusahaan Startup Wirausaha Muda

2019 ◽  
Vol 7 (2) ◽  
pp. 111
Author(s):  
Muhamad Nafik Hadi Ryandono
Keyword(s):  
Primary Data ◽  
Research Approach ◽  
Islamic Banks ◽  
Group Discussions ◽  
Start Up ◽  
Islamic Financial Institutions ◽  
Qualitative Descriptive ◽  
Expected Benefits ◽  
Start Ups ◽  
Financial Technology

Money waqaf in Indonesia has a huge potential. Despite the fact, this huge potential has not been organized and utilized optimally by the waqaf management agency. Another problem faced in waqaf money is the difficulties in integrate the system of funding, financing, mauquf alaih, and distribute the beneficiaries. In the present era, waqaf in Indonesia has not been digitalized and has not used the Financial Technology (FinTech) system, so it is less economically and inefficient. The expected benefits of the research are waqaf can be a solution to the capital problems that have been faced by start-up companies which mostly un-bankable. In other side, it hopefully can encourage Nadzir to be involved in growing and developing entrepreneurship for youth starting with establishing a start-up company. This research approach is qualitative descriptive. The data is primary data with data collection techniques namely focus group discussions and interviews. The objects of the research are 30 youth start-ups in Surabaya. The result of study is that money waqf can be an alternative solution of capital problems for youth start-up companies who are un-bankable. The Sharia Financial Technology (SFT) system is a system that capable of integrating nadzir with Islamic Financial Institutions Accep Cash Waqf (IFIACW), funding, financing, mauquf alaih, start-up investors, Islamic Financing Guarantee Institution (IFGI) and Islamic Banks.

scholarly journals RELEVANCE OF LEGAL ENTITY BAIT AT-TAMWIL (BT) BASED SYIRKAH FOR ISLAMIC BANK

2017 ◽  
Vol 96 ◽  
Author(s):  
Burhanuddin Harahap . . ◽  
Luthfiyah Trini Hastuti . . ◽  
Solikhah . .
Keyword(s):  
Islamic Law ◽  
Limited Liability ◽  
Primary Data ◽  
Islamic Banks ◽  
Limited Liability Company ◽  
Group Discussions ◽  
Legal Entity ◽  
Islamic Financial Institutions ◽  
Legal Identification ◽  
Legal Entities

This study seeks to study the problems of incompatibility entities which exist in Indonesia.It is not compatible to the existing Islamic financial institutions in Indonesia because of differing philosophies. The problem studied is the barriers faced by Islamic banks regarding the necessity of Islamic banks incorporated limited liability company and the relevance of the legal entity Bait at-tamwil (BT) based syirkah for Islamic banks. Research methods used is an empirical law. It consists of research the legal identification and research on the effectiveness of the law.The type of data are primary data and secondary data.The collection methods with interviews, focus group discussions and literature.Techniques of data analysis in this research use the model interLawive analysis. The results showed that legal entity of the Limited Liability Company for Islamic banks are not suitable to meet the demands as stipulated in Islamic law. The Lawivities of Islamic banks are to meet the demands of sharia standards.Legal entity must be based on Islamic principles.It is not based on the principles of western culture where come from seculer perspective, limited liability company, individual, liberal and capital. Therefore the concept of a legal entity Bait at- Tamwil is very relevant to be legal entities Islamic banks which Islamic banks are really<br />syar'i.<br /><br />Keywords: legal entities, bait at-tamwil, Islamic banks

scholarly journals Islamic Banks Financing of FinTech Start-Ups in Oman: An Exploratory Study

2021 ◽  
pp. 55-65
Author(s):  
Abdelghani Echchabi ◽  
Mohammed Mispah Said Omar ◽  
Abdullah Mohammed Ayedh ◽  
Welcome Sibanda
Keyword(s):  
Financial Institutions ◽  
Islamic Banks ◽  
Short Term ◽  
Strategic Vision ◽  
Start Up ◽  
Islamic Financial Institutions ◽  
Start Ups ◽  
Depth Interviews ◽  
Infant Stage

This study mainly aims to explore the current practice and prospects of FinTech start-ups financing in Oman, particularly the IFIs (Islamic Financial Institutions) financing practices and the challenges faced by these start-ups in obtaining it. The study applies qualitative methods in procedures of in-depth interviews with eight Islamic banks’ managers in Oman. The findings revealed that the financing of the FinTech start-ups in Oman still in the infant stage and below its potential. This might be due to the general lack of interest in this area by the Omani start-up businesses. This situation might be due to the lack of clear strategic vision of Omani financial institutions, including both Islamic and conventional financial institutions with regards the Fintech start-ups. The findings also showed that the start-ups in Oman prefer long term financial schemes, while the Islamic financial institutions (IFIs) generally prefer to offer short term financing on Musharakah and Ijarah contracts. Lastly, the findings showed that the IFIs are positive regarding the prospects of growth and success of FinTech in Oman. It is noteworthy that this is one of the early studies that addresses the FinTech start-ups financing from an Islamic perspective, and hence places the ground for the future studies to be conducted in this area.

scholarly journals RELEVANCE OF LEGAL ENTITY BAIT AT-TAMWIL (BT) BASED SYIRKAH FOR ISLAMIC BANK

2017 ◽  
Vol 5 (3) ◽  
Author(s):  
Burhanuddin Harahap ◽  
Luthfiyah Trini Hastuti ◽  
Solikhah
Keyword(s):  
Islamic Law ◽  
Limited Liability ◽  
Primary Data ◽  
Islamic Banks ◽  
Limited Liability Company ◽  
Group Discussions ◽  
Legal Entity ◽  
Islamic Financial Institutions ◽  
Legal Identification ◽  
Legal Entities

<p align="center"><strong>ABSTRACT</strong></p><p>               This study seeks to study the problems of incompatibility entities which exist in Indonesia.It is not compatible to the existing Islamic financial institutions in Indonesia because of differing philosophies. The problem studied is the barriers faced by Islamic banks regarding the necessity of Islamic banks incorporated limited liability company and the relevance of the legal entity Bait at-tamwil (BT) based syirkah for Islamic banks. Research methods used is an empirical law. It consists of research the legal identification and research on the effectiveness of the law.The type of data  are primary data and secondary data.The collection methods with interviews, focus group discussions and literature.Techniques of data analysis in this research  use the model interLawive analysis. The results showed that legal entity of the Limited Liability Company for Islamic banks are not suitable to meet the demands as stipulated in Islamic law. The Lawivities of Islamic banks are to meet the demands of sharia standards.Legal entity must be based on Islamic principles.It is not based on the principles of western culture where come from seculer perspective, limited liability company, individual, liberal and capital. Therefore the concept of a legal entity Bait at-Tamwil is very relevant to be legal entities Islamic banks which Islamic banks are really syar'i.</p><p><em>Keywords: legal entities, bait at-tamwil, Islamic banks</em></p>

scholarly journals Application of Quick Response Code Indonesian as a Payment Tool in Digitizing MSMEs

SENTRALISASI ◽  
2022 ◽  
Vol 11 (1) ◽  
pp. 1
Author(s):  
Desy Tri Anggarini
Keyword(s):  
Financial Literacy ◽  
Field Research ◽  
Secondary Data ◽  
Primary Data ◽  
Quick Response ◽  
Response Code ◽  
Quick Response Code ◽  
Qualitative Descriptive ◽  
Observation Method ◽  
Financial Technology

The purpose of the research is to contribute to the development of technology in the financial sector, to give influence to the community in terms of cashless, then also to provide insight into financial technology on financial literacy by using QRIS (Quick Response Code Indonesian). MSME  use facilitate their business activities by implementing fintech in terms of transaction management and the role of financial technology, is the QRIS (Quick Response Code Indonesian) application as a means of payment. The research method used in the research on the application of QRIS (Quick Response Code Indonesian) as a Payment Tool in digitizing MSMEs is a qualitative descriptive study using field research methods. This study uses interviews with 10 traders and 10 UMKM consumers who use QRIS. The research location is in BSD Modern Market, using non-probability techniques. Primary data taken directly from the object of research. With the direct observation method at the BSD modern market, South Tangerang with interview techniques for both consumers and traders who use QRIS as well as secondary data also obtained through various literatures. The result of the research is that QRIS as a digital payment tool for MSMEs is non-cash digital payment using Gopay, Ovo and others. QRIS has the potential to expand MSME sales, with QRIS an increase in digital sales traffic and a decrease in cash, minimizing the risk of paying counterfeit money, automatically recording transactions, building credit profiles for banks, making it easier to get working capital, payment of retribution, bills, purchasing goods in cash easily.

scholarly journals Work in Progress on the Creation of the Three-Stringed Kulcapi

2019 ◽  
Vol 1 (2) ◽  
pp. 263-271
Author(s):  
Panji Suroso ◽  
Rahmat Riswan Aidil Syahputra Siregar
Keyword(s):  
Participant Observation ◽  
Secondary Data ◽  
Musical Instrument ◽  
Primary Data ◽  
Group Discussions ◽  
Aesthetic Value ◽  
Work In Progress ◽  
Optimal Function ◽  
Qualitative Descriptive ◽  
The Creation

This research tittle ‘work in progress on the creation of the three-stringed kulcapi’ wanted to examine how the work process of the creation of the kulcapi music instrument and can be explained descriptively. The kulcapi musical instrument which is considered to still have limitations in terms of producing its notes, and only having 2 strings, seems to be the cause of the less than optimal function in exploring the notes. In addition, the form of the kulcapi instrument is seen to be still very plain and very simple, this is felt to be one of the issues that must be overcome to be able to explore the kulcapi musical instrument to be more functional, both in producing tones and adding aesthetic value to the form of the kulcapi music instrument. In this research, a qualitative descriptive method is used. The process of tracing data and information is done diachronically to find out in full and complete about the kulcapi music instrument. The data collected comes from two sources, they are primary and secondary data. Primary data obtained through in-depth interviews and participant observation that aims to collect data followed by focus group discussions. This research produces findings including: a) The creation of three-stringed kulcapi instruments has a wider range of tone areas. b) can be functioned more flexible and can be explored in playing pentatonic and diatonic tones. c) The shape has the characteristic of the Karo people with the presence of ethnic Karo ornaments on the kulcapi’s body.

Entrepreneur's profile: a taxonomy of attribu tes and motivations of university students

2008 ◽  
Vol 15 (2) ◽  
pp. 405-418 ◽  
Author(s):  
Mário Raposo ◽  
Arminda do Paço ◽  
João Ferreira
Keyword(s):  
Educational Programme ◽  
Personal Attributes ◽  
Primary Data ◽  
Multivariate Statistical ◽  
Content Type ◽  
Start Up ◽  
Potential Entrepreneur ◽  
Research Findings ◽  
The University ◽  
Start Ups

PurposeThis paper aims to identify the profile of the potential entrepreneur student in what concerns the personal attributes and motivations for start‐ups' creation.Design/methodology/approachA review of literature related to the entrepreneur profile is made in order to justify the importance of the theme. Through some studies it was possible to identify a diversity of works and authors that present some aspects which contribute to the characterisation of entrepreneur individuals. The present research uses primary data obtained by means of a questionnaire, involving a sample of students, which were currently engaged in a graduation course at the University of Beira Interior. The questionnaire was administrated by interviews conducted in the classrooms of the University's faculties. The collected data were submitted to a multivariate statistical analysis.FindingsResearch findings include the existence of a typology of two distinct groups of students, respectively designated by “The accommodated independents” and “The confidents”, according to the most outstanding characteristics related with several attributes and motivations presented by each of them.Practical implicationsThe identification of the entrepreneurs' characteristics and the knowledge of the potential business creator students' profile may be important for the development of an adequate educational programme directed to the entrepreneurship education and start‐up processes.Originality/valueThe paper identifies some important characteristics that are common in entrepreneurs. The findings could be used both to promote entrepreneurship in our education systems and to identify the best practices.

scholarly journals Literacy of Agricultural Zakat in Village Communities

2021 ◽  
Vol 5 (1) ◽  
pp. 89-103
Author(s):  
Tasriani Tasriani
Keyword(s):  
Secondary Data ◽  
Community Leaders ◽  
Primary Data ◽  
Research Approach ◽  
Agricultural Produce ◽  
The People ◽  
Secondary Data Source ◽  
Qualitative Descriptive ◽  
Village Communities ◽  
The Government

This study aims to determine the literacy of the village community about agricultural zakat and what factors are behind the lack of village people in paying agricultural zakat. This research approach uses a qualitative descriptive approach. Collecting data from this research are interviews, documentation, and observations. The sources of data obtained from primary data sources are from the head of Sidodadi Village, one of the hamlet heads, community leaders, and farmers. While the secondary data source is documentation obtained from the field. Zakat is a property that must be issued for Muslims to those who are entitled to receive it, such as the faqir, poor, amil, converts, slaves, gharim, fisabilillah, and ibn sabil. The agricultural zakat is all agricultural produce that is planted using seeds, the results of which can be eaten by humans and animals. Agricultural zakat can be in the form of grains, tubers, vegetables, fruits, flowers, and so on. The results of this study are the lack of public literacy about agricultural zakat, besides that there has been no socialization about agricultural zakat from community leaders and from the government which causes the people of Sidodadi Village to have low agricultural zakat literacy.

scholarly journals Household Financial Management of Micro, Small, Medium Enterprises [Manajemen Keuangan Rumah Tangga Usaha Mikro Kecil Menengah]

2019 ◽  
Vol 2 ◽  
pp. 219
Author(s):  
Riski Isminar Ardianti ◽  
Siti Nuraini
Keyword(s):  
Financial Management ◽  
Economic Life ◽  
Primary Data ◽  
Self Awareness ◽  
Group Discussions ◽  
Financial Decisions ◽  
Qualitative Descriptive ◽  
Tourist Village ◽  
Small Medium Enterprises ◽  
Medium Enterprises

Financial management is not only needed in large businesses but starts from households, especially in MSME households. This study aims to determine self-awareness to conduct financial management in the household and the application of financial management in the families of MSME families in Taman Sari Village which is a tourist village, the community is a small trader/entrepreneur. This research is a qualitative descriptive study using in-depth interview techniques and focuses group discussions on 35 respondents from married women of various backgrounds and informal sector jobs, primary data to complement and strengthen the analysis of perceptions, opinions of home managers stairs. This study resulted in the majority of the community having the motivation and awareness to get a better economic life but not followed by planning and implementation in conducting good financial management in the household, around 22.9% of respondents who had made plans for future financial goals and has recorded all income, made financial decisions without thinking so much that many have loans, about 25.7% of respondents discuss financial problems with their husbands. The contribution of this research is an input for policymakers and further research to conduct more in-depth research related to financial management in MSME households.

scholarly journals Inheritance of Community Property in Melayu Siak Community

2019 ◽  
Vol 6 (3) ◽  
pp. 234
Author(s):  
Lani Regina Yulanda
Keyword(s):  
Islamic Law ◽  
Secondary Data ◽  
Field Studies ◽  
Customary Law ◽  
Primary Data ◽  
Research Approach ◽  
Inheritance Law ◽  
Kinship System ◽  
Community Property ◽  
Qualitative Descriptive

The existence of legal events in the form of death results in inheritance regulated by certain inheritance laws. In Indonesia, there is still inheritance legal pluralism, including civil inheritance law, Islamic inheritance law and customary inheritance law. In Melayu Siak community, where Islamic law and customary law are their living laws, there are differences in those two laws regarding the inheritance which then raises the question of which law will apply. This study utilizes a qualitative descriptive method with an empirical juridical legal research approach. Research data are collected through field studies by conducting interviews with the respondents to obtain primary data and literature studies to obtain secondary data. The focus of this research is to find out and analyze inheritance over the community property in Melayu Siak community. The results of the study show that 1) there is a relationship between the kinship system and the existence of the community property. 2) the inheritance in Melayu Siak community is based on the Islamic inheritance law and its implementation is carried out based on the results of the deliberation.

Entrepreneurial ecosystem for tech start-ups in Bangalore: an exploration of structure and gap

2020 ◽  
Vol 27 (7) ◽  
pp. 1167-1185
Author(s):  
Bala Subrahmanya Mungila Hillemane
Keyword(s):  
Gap Analysis ◽  
Primary Data ◽  
Ecosystem Structure ◽  
Entrepreneurial Ecosystem ◽  
Component Level ◽  
Policy Makers ◽  
Content Type ◽  
Start Up ◽  
Start Ups

PurposeBangalore has gained international recognition as a technology start-up hub for its vibrant entrepreneurial ecosystem. Against this backdrop, this paper attempts to explore the structure and gap that exist with respect to the entrepreneurial ecosystem for tech start-ups in Bangalore.Design/methodology/approachA Delphi technique based four stage interaction with the experts/stakeholders belonging to different components of the entrepreneurial ecosystem (as identified from the literature) in the context of Bangalore is conducted, to gather primary data. This enabled us to define the structure of entrepreneurial ecosystem and analyse the gap that exists between an ideal ecosystem feasible in the Indian context and that one that prevailed in Bangalore.FindingsThe prevailing entrepreneurial ecosystem for tech start-ups in Bangalore is significantly different (lower) relative to an ideal ecosystem feasible in the Indian economic environment, as prescribed by the Delphi experts, both at the aggregate level and at an individual component level. The step-wise (backward) logistic regression analysis revealed that Bangalore ecosystem is primarily lacking in terms of one of the Triple Helices, namely, role of education and research institutions, and two of the five indispensable components, namely, market maturity and mentorship.Research limitations/implicationsIt is essential to strengthen and promote the Triple Helix base and the five indispensable components in an entrepreneurial ecosystem, to accelerate the emergence and growth of tech start-ups.Practical implicationsIt brings out the nature of entrepreneurial ecosystem structure and the gap between what can be considered an ideal ecosystem and what prevails in Bangalore currently.Originality/valueThis is a primary data based study, which has value for regional policy makers in strategizing to promote Bangalore ecosystem, and for researchers in undertaking “ecosystem gap analysis”.

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