scholarly journals Independent Community Improvement to Manage Family Finances in Supporting OJK Programs

2021 ◽  
Vol 6 (3) ◽  
pp. 170-172
Author(s):  
Khoirul Aswar ◽  
. Ermawati ◽  
Mahendro Sumardjo
Keyword(s):  
Financial Services ◽  
Financial Management ◽  
Negative Impact ◽  
Management Training ◽  
Family Management ◽  
Government Programs ◽  
Household Finances ◽  
The Rich ◽  
The Government ◽  
Community Improvement

Financial control or management is quite important in reducing the gap between the rich and the poor. However, understanding related to family financial management is still quite low. The low level of community soft skills makes it less efficient in family management. This will have a negative impact on family management which will experience a deficit and make financial managers, in this case, housewives, often get into debt in several places. In addition, this service aims to support government programs through the Financial Services Authority (OJK) in family financial planning by providing assistance to housewives living in Unyur. The implementation method in the program uses training and mentoring on family financial management. The results of this dedication show that housewives are very enthusiastic about participating in the financial management training being held. So, housewives are able to manage household finances with programs launched by the government.

scholarly journals Descriptive Analysis of Financial Literacy SMEs in Bandung

2021 ◽  
Vol 12 (1) ◽  
pp. 9-15
Author(s):  
Asni Harianti ◽  
Maya Malinda ◽  
Miki Tjandra ◽  
Devas Kambuno
Keyword(s):  
Financial Literacy ◽  
Financial Services ◽  
Financial Management ◽  
Descriptive Analysis ◽  
Secondary Data ◽  
Management Training ◽  
Primary Data ◽  
Five Dimensions ◽  
The Government ◽  
The City

One of the supporting factors for the success of MSME is determined by the intelligence of managing finances or known as financial literacy. Financial literacy is a basic requirement that must be possessed by MSME entrepreneurs which is closely related to the knowledge of personal and business financial management, as well as knowledge to gain access to capital through financial services or institutions. This descriptive study aims to see a picture of the level of financial literacy in SMEs in Bandung. The type of data used in this study are primary data and secondary data Primary data obtained through surveys using a questionnaire to see the level of financial literacy (Financial Fitness Quis / FFQ) developed by O'Neil. The questionnaire consisting of 20 practical financial statements, covering 5 (five) dimensions of financial management, was distributed to 343 SMEs in the city of Bandung. Secondary data obtained through observation and study of literature relating to research problems. The results of the study show that MSMEs in the city of Bandung must take actions that need to be considered in the future to improve their finances to avoid financial difficulties. As a form of concern for MSMEs in the city of Bandung and as a form of support for the government, researchers are trying to alleviate the illiteracy of financial actors of MSMEs through appropriate financial management training and making of a simple financial application program SAKA (peSAK Abdi).

Interest free liquidity management scheme (time-weighted debt units)

2017 ◽  
Vol 10 (1) ◽  
pp. 60-76 ◽  
Author(s):  
Ahmed Taha Al Ajlouni
Keyword(s):  
Financial Services ◽  
Financial Management ◽  
Financial Institution ◽  
Money Market ◽  
Current Paper ◽  
Open Market ◽  
Lender Of Last Resort ◽  
Liquidity Management ◽  
Content Type ◽  
The Rich

Purpose This paper aims to develop an instrument that helps in managing liquidity. Liquidity is one of the most critical issues to be considered by the financial management of the business firms to meet its financial obligations. It is more vital for banks because of the liquid nature of its assets and liabilities, along with the fact that the confidence in the bank and degree of risk depends heavily on liquidity as an indicator of its wellbeing. Islamic banks (IBs) look at the liquidity issue from the same side as the traditional banks. IBs – the most apparent Islamic financial institution – suffered from the problem of not benefiting from the lender of last resort that Central Banks (CBs) offer to traditional banks because IBs cannot borrow from the CBs at interest. The experience of Institution(s) offering Islamic Financial Services[1] (IIFS) regarding the establishment of Islamic money markets did not show a tangible success instead of the early studies done by some scholars. In spite of the rich experience of some countries in creating new money market instruments or configuration of the interest-based ones according to Islamic - Sharī’ah[2], the designs of these instruments have many limitations in terms of their tradability and flexibility, restricting their use for open-market operations by CBs. Design/methodology/approach The purpose of calculating the time weighted debt units (TWDUs) is to find the equivalent amount of money that the supplier can borrow to the lender in the future for a maturity that differs from the first credit contract. It is a swap between an amount of credit for a particular period of time and another amount for another period. The scheme are called traditionally as reciprocal (mutual) loans, reciprocal (mutual) deposits, swapped conditional loans and “I lend you, provided you lend me” (Hammad, 2010). It is also well known in Pakistan as time multiple counter loan (TMCL), and known within some Arabic IBs as specks (Nomar = numbers) system. This contract will be called the reciprocal loans in the current paper. Findings The current paper represents a blue print of suggested money market instrument (scheme) that is based on the idea of Al Qardh El Hasan (interest-free loan) – called TWDUs. This instrument does not promise any revenue for the supplier and no charge for the lender. Research limitations/implications The suggested model is known in traditional and contemporary writings of Islamic economists and - Sharī’ah scholars. It is accepted by many - Sharī’ah Boards in IBs (Merah, 2011) and was accepted by the Council of Islamic Ideology in Pakistan in 1980 through the TMCL. Despite that, it is still not discussed in depth by international - Sharī’ah boards as the International Islamic Fiqh Academy – in addition to the wide spread of opponent viewpoint that considers this contract as a kind of riba. Originality/value TWDUs is presumed to help IBs and other IIFS to add more flexibility in liquidity management in the side of risk management[3] (represented by the potential loss to IIFS arising from their inability either to meet their obligations or to fund increases in assets as they fall due without incurring unacceptable costs or losses) in addition to avoiding the case of hoarding surplus funds in the short term. Also, the suggested instrument will not be exclusive to IBs or IIFS; it can be developed to be used at a later stage by them as a mean of overdraft between IBs and their clients. Moreover, beside its viability to help in liquidity management for other firms in business sector (non-financial) or government agencies in liquidity management, TWDUs look for Islamic financial theory as an alternative to the traditional financial theory that is based on interest. Moreover, TWDUs is expected to play an important role in monetary policy in a totally Islamic financial system or even in a mixed one (Islamic and capitalistic).

Financial Inclusion and Gender Inequality Reduction: Evidence from Sub-Saharan Africa

2019 ◽  
Vol 67 (3-4) ◽  
pp. 367-372
Author(s):  
Sylvester Ohiomu ◽  
Evelyn Nwamaka Ogbeide-Osaretin
Keyword(s):  
Gender Inequality ◽  
Financial Services ◽  
Negative Impact ◽  
Estimation Method ◽  
Financial Inclusion ◽  
Sub Saharan Africa ◽  
Sub Saharan ◽  
The Government ◽  
And Gender ◽  
The Impact

Reduced inequality and gender equality are parts of the sustainable development goals (SDGs) towards global development, but the financial sector appears daunted in respect of financial inclusion for these noble goals. Concerns are more on gender inequality in the area of full utilisation of financial and human resources. Hence, this study investigated the impact of financial inclusion on gender inequality in sub-Saharan Africa. The study employed the generalised method of moments (GMM) estimation method on panel data on some countries in sub-Saharan Africa. The result of the study revealed that financial inclusion substantially reduced gender inequality. Financial inclusion access was found to drive down gender inequality more than usage. Female educational levels were found to have a substantial but negative impact on gender inequality. This study recommends that there is a need for an increase in commercial bank branches to increase accessibility to financial services. The government should increase its expenditure, and this should be channelled towards financial development and higher levels of education for females to improve financial literacy.

THE STRATEGY TO ENHANCE THE SHARIAH FINANCIAL LITERACY AND INCLUSION IN INDONESIA (Case Study at Financial Services Authority Office in The City of Malang)

2017 ◽  
Vol 1 (1) ◽  
pp. 47
Author(s):  
Ma’rufa Khotiawan ◽  
Muhammad Luthfiansyah
Keyword(s):  
Financial Literacy ◽  
Financial Services ◽  
Financial Management ◽  
Financial Inclusion ◽  
National Strategy ◽  
Research Needs ◽  
Know How ◽  
The Government ◽  
The City

<p>The<strong> </strong>results of the survey of literacy and Financial Inclusion Shari'ah in Indonesia 2016 each show numbers 8.11 %  and 11.06 %. Whereas the inhabitants of the religion of Islam in Indonesia more than 85%. With this then needs to be formulated strategies that can increase the level of literacy and financial inclusion shari'ah in Indonesia. The importance of literacy improvement and Financial Inclusion Shari'ah to improve the behavior of the community in financial management and to improve the welfare of them. So that priorities are intended to know how the strategy applied to increasing literacy and Financial Inclusion Shari'ah. This research uses qualitative research method with the approach of the case study. The results of this research are some government policy that is contained in the form of National Strategy for Financial Literacy Indonesia (SNLKI) to improve financial literacy Shari'ah and inclusive Financial National Strategy (SNKI) to improve financial inclusion. But the next research needs to examined and monitored about various programs to increase shari'a literacy and financial inclusion is doing by the government.</p><strong>Keywords: </strong>Sharia Financial Literacy, Sharia Financial Inclusion, the strategy.

scholarly journals STRATEGI PENCEGAHAN KECURANGAN (FRAUD) DALAM PENGELOLAAN KEUANGAN PEMERINTAH MENGGUNAKAN ANALYTICAL HIERARCHY PROCESS

2018 ◽  
Vol 10 ◽  
Author(s):  
Novia Tri Kurniasari ◽  
Anna Fariyanti ◽  
Nirwan Ristiyanto
Keyword(s):  
Organizational Culture ◽  
Control System ◽  
Internal Control ◽  
Analytical Hierarchy Process ◽  
Financial Management ◽  
Negative Impact ◽  
Fraud Prevention ◽  
Government Sector ◽  
The Government ◽  
Hierarchy Process

Fraud phenomenon involves many actors from the government sector. Fraudulent practices in government has a negative impact on the economic and social sectors. Therefore, need for prevention effort to avoid state’s material and non material losses. The objectives of this study were to formulate fraud prevention strategies by using Analytical Hierarchy Process. Sources of data used in this study were questionnaires and interviews to 5 expert respondent. Strategies for fraud prevention on government financial management: (1) improving the supervision and control system, (2) improving the organizational culture, (3) formulating anti fraud value in the organization, (4) implementing reward system and punisment firmly, (5) anti fraud socialization for employees, and (6) forming agent of change. Key words: fraud prevention, internal control system, organizational culture, anti fraud value, Analytical Hierarchy Process

scholarly journals Community Empowerment in the Development of Geoheritage Tourism Cliff Breksi for Improved Livelihood Villagers Sambirejo Yogyakarta [Pemberdayaan Masyarakat dalam Pengembangan Wisata Warisan Geoheritage Tebing Breksi untuk Peningkatan Taraf Hidup Warga Desa Sambirejo Yogyakarta]

2019 ◽  
Vol 2 ◽  
pp. 915
Author(s):  
Veronika Wiratna Sujarweni ◽  
I Made Laut Mertha Jaya
Keyword(s):  
Financial Management ◽  
Sweet Corn ◽  
Volcanic Eruptions ◽  
Management Training ◽  
Community Empowerment ◽  
Household Finances ◽  
Training Materials ◽  
Typical Food ◽  
Local Residents ◽  
Tourism Potential

Yogyakarta has a diversity of tourism potential, one of the most recently opened natural attractions is the Breksi Cliff. The location is in Sambirejo Village, Prambanan, Sleman, Yogyakarta. This tourist attraction is a rocky hill breccia originating from sedimentary ancient volcanic eruptions which were active around 60,000,000 million years ago. People who live around tourism utilize the tourism potential by opening food stalls, grocery stalls, souvenir shops, souvenir shops. However, financial management is still mixed with household finances and has not been recorded. In the area, there is also no food that has been used as a characteristic, so the servants provide financial management training including training in business financial management. Pengabdi offers spicy sweet corn chips as a typical food of breccia cliffs. Then, train the local residents to pack and sell in the stalls around the tour. The training method is in the form of lectures and direct practice.  The training activities of business financial management and packaging training to the marketing of typical food products to improve the living standards of the local people run smoothly. The financial training materials provided are designed to be easy to implement. Until now, the servants still provide assistance and establish good cooperation with the Sambirejo Prambanan village, Sleman, Yogyakarta.

scholarly journals MODEL PENGUATAN (REINFORCEMENT MODEL’S) UNTUK MEMOTIVASI KELOMPOK USAHA KECIL MIKRO BINAAN BDC SRIWIJAYA PALEMBANG

2020 ◽  
Vol 16 (1) ◽  
pp. 86-99
Author(s):  
Ellys Thoyib
Keyword(s):  
Financial Management ◽  
Small Businesses ◽  
Business Management ◽  
Management Training ◽  
Training Data ◽  
Business Plans ◽  
Needed Information ◽  
Positive Attitudes ◽  
External Reinforcement ◽  
The Government

The article "Reinforcement Model's to motivate micro small businesses under the guidance of Sriwijaya BDC" is intended to provide solutions to the Government, stakeholders and Sriwijaya BDC so that the knowledge that has been given in financial management training and business plans, innovation in the taste of kemplang, packaging technology and quality. The study was conducted in November 2019 to January 2020 with 70 respondents, namely participants who attended the training. Data obtained through the distribution of a closed questionnaire, and statements in the design in accordance with the needed information. It is known that the response of thinking, emotions and attitudes of participants to the knowledge gained from the training is a positive response, but the power of motives to direct the motivation to implement that knowledge into their business management is still low. The solution is proposed to provide internal and external reinforcement to the motives so that they have the power to direct motivation so that the participant's behavior is along with the response of thinking, emotions and positive attitudes. Keyword’s: Reinforcement models, Motivation, KSM.  

scholarly journals Peningkatan Kemampuan Pengelolaan Keuangan Rumah Tangga pada Ibu-Ibu RPTRA Sungai Bambu Jakarta Utara

2020 ◽  
Vol 1 (1) ◽  
pp. 21-26
Author(s):  
Mary Ismowati ◽  
Muhammad As’ad ◽  
Rame Soekarsono ◽  
Nidaul Izzah ◽  
Didit Mulyadi ◽  
...  
Keyword(s):  
Everyday Life ◽  
Financial Management ◽  
Management Training ◽  
Financial Resources ◽  
Limited Time ◽  
Training Activity ◽  
Household Finances ◽  
Financial Difficulties ◽  
Inhibiting Factor ◽  
Personal Finances

Managing personal finances is a reality that must be faced by everyone in everyday life, where a person must be able to manage his personal finances and his household well in order to balance between income and expenses, to meet all the necessities of life and not get caught up in financial difficulties. Managing personal and household finances is not an easy thing to do because there are only difficulties faced by everyone, where one of the difficulties faced is the phenomenon of consumer behavior that is growing rapidly in the community. Likewise, the problem faced by housewives in Sungai Bambu Kelurahan, Tanjung Priok Sub-district, North Jakarta, so that a household financial management training activity was held as a solution to the problem.Some factors that support the implementation of this activity are the great interest and enthusiasm of the mothers as participants of the activity so that the activity takes place smoothly and in an orderly manner. While the inhibiting factor is the limited time of training. This activity can increase knowledge and understanding of RPTRA Sungai Bambu Village, Tanjung Priok Subdistrict, North Jakarta, increase knowledge about tips to deal with obstacles in managing household finances RPTRA, Sungai Bambu Village, Tanjung Bambu District, North Jakarta District, and increase knowledge and understanding of the RPTRA of Sungai Bambu Village, Tanjung Priok District, North Jakarta about the need for halal financial resources in financial managementConsidering the magnitude of the benefits of the activity, then it is necessary to hold a Financial Management training for every woman or RPTRA in DKI Jakarta as well as the continuity and monitoring of the program.

scholarly journals PEMANFAATAN GADGET DALAM MEMAKSIMALKAN PELAYANAN MASYARAKAT

2017 ◽  
Vol 3 (1) ◽  
pp. 1-17
Author(s):  
Nur Afni Khafsoh
Keyword(s):  
Program Implementation ◽  
Development Process ◽  
Negative Impact ◽  
Positive Impact ◽  
Government Programs ◽  
Government Program ◽  
The Public ◽  
Technological Advances ◽  
The Government ◽  
The Many

Abstract: The use of gadgets in children has a positive and negative impact. The positive impact of using gadgets among others can help learn the child and can provide information about the broad knowledge and easy way to access it. While the negative impact is decreased socialization with others, addictive effects, resulting in decreased visual function and others. However, from all the shortcomings, it would be good impact the use of this gadget can make a breakthrough for the government in running the program. As is known, public service is one of the programs provided by the government in the development process, often the government program is not running properly due to the many inhibiting factors, such as access that is difficult for the public to get information, the mainset of the government that is still traditional to the public indifference in the government program . This has become a challenge for the government to create a breakthrough in government policy. As with using gadgets in the process of program socialization or program implementation. At the same time invite the community to participate actively in the development process, especially pembangunnan village potential to be developed. However, it is not easy to use technological advances in the implementation of government programs. The obstacles faced are infrastructure preparation and human resource capability. So that community participation in the development process can increase and society can be the subject in the nation's progress. Keywords: Gadget, Community Service, Technology Utilization Abstrak: Penggunaan gadget pada anak memiliki dampak positif dan negatif. Dampak positif dari penggunaan gadget yaitu dapat membantu belajar anak, dapat memberikan informasi tentang ilmu pengetahuan yang luas dan mudah mengaksesnya. Sedangkan dampak negatifnya yaitu menurunnya sosialisasi dengan orang lain, memberikan efek kecanduan, mengakibatkan menurunnya fungsi penglihatan dan lain-lain. Namun, dari segala kekurangan tersebut, alangkah baiknya dampak penggunaan gadget ini dapat menjadikan terobosan bagi pemerintah dalam menjalankan programnya. Seperti diketahui, pelayanan masyarakat menjadi salah satu program yang disediakan pemerintah dalam proses pembangunan, seringkali program pemerintah tidak berjalan sesuai mestinya dikarenakan banyaknya faktor penghambat, seperti akses yang sulit dimiliki masyarakat untuk mendapat informasi, mainset oknum pemerintah yang masih tradisional hingga ketidakpedulian masyarakat dalam program pemerintah. Hal ini menjadi sebuah tantangan bagi pemerintah untuk menciptakan terobosan dalam kebijakan pemerintah. Seperti dengan menggunakan gadget dalam proses sosialisasi program ataupun pelaksanaan program. Sekaligus mengajak masyarakat untuk berpartisipasi aktif dalam proses pembangunan, terutama pembangunnan desa yang potensial untuk dikembangkan. Namun, tidak mudah menggunakan kemajuan teknologi dalam pelaksanaan program pemerintah. Kendala yang dihadapi adalah persiapan infrastruktur dan kemampuan sumber daya manusia. Tentunya hal ini dapat meningkatkan partisipasi masyarakat dalam pembangunan. Kata kunci: Gadget, Pelayanan Masyarakat, Pemanfaatan Teknologi

Efektivitas Program Baznas Microfinance di Desa Bojong Rangkas Ciampea Bogor

2021 ◽  
Vol 4 (2) ◽  
pp. 192-202
Author(s):  
Sigit Febriansyah ◽  
Ikhwan Hamdani  ◽  
Gunawan Ikhtiono
Keyword(s):  
Financial Management ◽  
Small And Medium Enterprises ◽  
Management Training ◽  
Developed Countries ◽  
Productive Activities ◽  
Economic Development And Growth ◽  
Qualitative Descriptive ◽  
The Government ◽  
Medium Enterprises ◽  
Economic Improvement

Micro, small and medium enterprises (MSMEs) are proven to have played a role in economic development and growth, not only in developing countries but in developed countries as well. MSMEs are very important because this business sector absorbs more workers than large businesses. However, there is one problem faced by MSMEs in all countries, namely limited capital, which is mainly due to small or no access to banks or other financial institutions. In this case, zakat distributed to mustahiq will act as a supporter of their economic improvement if allocated to productive activities. The National Amil Zakat Agency (BAZNAS) is a zakat management institution established by the government that distributes zakat funds productively through a program, namely Baznas Microfinance. This study aims to determine how effective the Baznas Microfinance Desa program is in disbursing funds, to find out how effective the Baznas Microfinance Desa program is to improve MSME skills, and to find out what obstacles are faced by BMD Bojong Rangkas. This research is a qualitative research with a qualitative descriptive approach. Data collection techniques using interviews and documentation. Interviews were conducted with Baznas Microfinance in Bojong Rangkas Village. The results of the study show that Baznas Microfinance Desa provides loans only to zakat mustahik whose income is less than the minimum wage and the allocation is only for business. The maximum limit for applying for a loan is Rp. 2.500.000;- After getting a loan, there will also be a mentoring process carried out by BMD such as financial management training, product photos, marketing training, business development. Constraints faced by BMD Bojong Rangkas are the incompatibility of partners with the initial realization, delays in paying installments, and also many mustahik who do not know that in this program there is a business assistance process.

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