Effectiveness of Fintech-Based Sharia Cooperative Development in the New Normal Era : Interpretative Structural Model Approach

2021 ◽  
Vol 2 (1) ◽  
pp. 120-126
Author(s):  
Elida Elfi Barus ◽  
M.Yasir Nasution ◽  
Andri Soemitra
Keyword(s):  
Financial Institutions ◽  
Structural Model ◽  
New Normal ◽  
The Core ◽  
Cooperative Development ◽  
Islamic Financial Institutions ◽  
Interpretive Structural Model ◽  
Core Problem ◽  
Model Approach

In the Covid Pandemic 19, sharia cooperatives must be a solution for the welfare of their members and the UMKM that they support so that they can move up in class, but how if it is difficult to access, therefore sharia cooperatives must be digital-based and include collaborating with fintech. This study tries to answer the problems that occur, strategies, and stakeholders involved in the development of Islamic cooperatives in collaboration with sharia fintech in Indonesia using the Interpretive Structural Model (ISM) approach. The core problem faced in developing sharia cooperatives in collaboration with sharia fintech is the lack of education and promotion of Islamic financial institutions collaboration, especially in sharia cooperatives with sharia fintech (E9), which initially became competitors to financial institutions because they were very flexible and fast and have become OJK's instructions that fintech must collaborate with financial institutions including sharia ones. Furthermore, it can be suggested for legislators, actors and drafter to constantly monitor and improve the process in the context of the progress and welfare of cooperatives and SMEs in Indonesia.

scholarly journals PERKEMBANGAN TEKNOLOGI DAN KUALITAS PELAYANAN NASABAH PADA BAITUL MAAL WA TAMWIL LATANSA GONTOR

2020 ◽  
Vol 28 (2) ◽  
pp. 207-216
Author(s):  
Annas Syams Rizal Fahmi ◽  
Tegar Cahyo Wibowo
Keyword(s):  
Quality Of Service ◽  
Financial Institutions ◽  
The Core ◽  
Islamic Financial Institutions ◽  
Technological Developments

This study aims to determine the effect of technological developments oncustomer service at BMT Latansa Gontor. BMT Latansa Gontor is one of thefinancial institutions that runs its business activities always prioritizing thesatisfaction of its customers, including serving people who want to apply for fundingor save their assets. Various facilities have been offered by BMT Latansa Gontorto make it easier to carry out customer transactions. The services provided byBMT Latansa by following technological developments are not as sophisticatedand as advanced as other Islamic Financial Institutions. But the best service tocustomers is the core of the application of current technological developments.Where most of the Latansa Gontor BMT customers have a background that isnot too middle to upper so that the development of technology and servicesprovided at this time can influence and improve services for Latansan GontorBMT customers. Where the service makes it easier for their affairs and alsoincreases the quality of service to BMT Latansa Gontor customers.

scholarly journals THE ANALYSIS OF FACTORS AFFECTING THE DEVELOPMENT OF EQUITY FINANCING OF TRUSTEES BPRS AMANAH UMMAH BOGOR

2018 ◽  
Vol 5 (2) ◽  
pp. 276
Author(s):  
Eka Rahmawati Pangesti ◽  
Jaenal Effendi
Keyword(s):  
Error Correction ◽  
Financial Institutions ◽  
Profit Sharing ◽  
Short Term ◽  
Equity Financing ◽  
Correction Model ◽  
Factors Affecting ◽  
The Core ◽  
Islamic Financial Institutions

<p>Equity financing is a type of financing that is the core business in the Islamic financial institutions and a differentiator with conventional financial institutions. But until now, the total equity financing is still relatively low compared with other types of financing BPRS channeled. BPRS Amanah Ummah is one of the institution conducts equity financing.  This study aimed to analyze the influence of sharing profit, DPK, CAR, FDR, inflation, and the BI rate to equity financing at BPRS Amanah Ummah. This study uses Error Correction Model (ECM). The results showed DPK and FDR variables significantly influence the development of equity financing in the short term while variable DPK, CAR, FDR, and the BI rate significantly influence the development of equity financing in the long term however, Profit sharing rate and inflation variable does not significantly influence the development of equity financing. </p>

scholarly journals DEVELOPING ISLAMIC FINANCIAL TECHNOLOGY IN INDONESIA

2018 ◽  
Vol 2 (2) ◽  
pp. 143 ◽  
Author(s):  
Aam Slamet Rusydiana
Keyword(s):  
Human Resources ◽  
Structural Model ◽  
Policy Instruments ◽  
Educational Institutions ◽  
Muslim Country ◽  
The Core ◽  
Technology Industry ◽  
Interpretive Structural Model ◽  
Financial Technology ◽  
Analyze Data

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).

scholarly journals Basic principles of sharia economy for community economic empowerment (study of the sharia principles application in Indonesia)

2021 ◽  
pp. 199-213
Author(s):  
Rahadi Wasi Bintoro
Keyword(s):  
Financial Institutions ◽  
Corporate Responsibility ◽  
Community Empowerment ◽  
Legal Issue ◽  
Economic Empowerment ◽  
Basic Principles ◽  
Human Needs ◽  
The Core ◽  
Islamic Financial Institutions ◽  
Islamic Values

  Islamic financial institutions tend to no longer apply profit and loss sharing but more to revenue sharing. On the other hand, the Sharia economy aims to empower people to fulfill human needs based on Islamic values to achieve happiness in the world and end. Therefore, the focus of this paper is the application of Sharia principles in the sharia economy. The research method to answer the legal issue is normative legal research that is analyzed qualitatively. Sharia financial institutions are still unable to escape from their existence as business institutions for the main purpose of profiting. This is certainly far from the spirit of empowerment of people in the sharia economy. Islamic financial institutions should not be separated from the core of the sharia economy, namely the empowerment of people. Therefore, Sharia financial institutions must utilize social corporate responsibility to achieve the objectives of community empowerment.

Shari’ah Audit Disclosure in annual reports: A comparison study between Bahrain and Malaysian Islamic Financial Institutions

2016 ◽  
Vol 4 (2) ◽  
pp. 202-218
Author(s):  
ڕێبوار محمد احمد ◽  
◽  
هێمن محمد عزیز ◽  
بصيرة ماجيد نجم ◽  
◽  
...  
Keyword(s):  
Financial Institutions ◽  
Annual Reports ◽  
Comparison Study ◽  
Islamic Financial Institutions
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