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

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.

Determinants of Mudharabah Term Deposit: A Case of Indonesia Islamic Banks

The growth of Islamic finance industries in Indonesia has shown significant improvement. The increased number of surplus units depositing their funds in Islamic banks has become a significant factor in their trust and confidence in Islamic banking products. One of the products utilized by the depositor is the mudharabah deposit product, where the Islamic bank offers higher profit compared to other types of deposit or saving. This paper aims to analyze the issues in a mudharabah term deposit in the Islamic banking industry in Indonesian Islamic banks. The issues concern more on the profit and risk in the mudharabah concept that has been applied in Islamic banks and the variables that affect the changes in mudharabah deposit product. We used the sample to analyze the issues by selecting 14 Islamic banks in Indonesia from 2011-2020. This research uses a quantitative approach with multiple linear regression analysis methods. Several variables are considered the independent variables to know the changes in the demand of mudharabah deposits in the Islamic bank, including interest rate, profit rate, number of office or branch units, and non-performing financing. Our analysis shows that the number of offices or branch units and non-performing financing positively impact the changes in demand of mudharabah deposits, while the interest rate and profit rate have a negative impact on mudharabah deposits.

Can Assets Determine Family Happiness?

Ownership of assets can be assessed as the success of individual achievement in his life goals. It certainly can make individuals feel satisfied with the efforts they have made. Life satisfaction is one of the dimensions used by BPS to measure happiness. Thus, this study will analyze the effect of asset ownership on happiness. The data used in this study are data from the Indonesia Family Life Survey (IFLS) wave 5 of 2014. Analysis of the model in this study uses logistic regression for analysis in Java and outside Java Island. This study found that ownership of assets (jewelry, savings, vehicles, receivables), health, gender of the head of the household, type of residential, mobile phone, television, and access to the internet have a significant effect on household happiness. At the same time, other assets (houses/other buildings, land), number of household members, type of floor, and residential area (urban, rural) have no effect in determining of happiness of the household. The finding in this study also states that the probability of household happiness will be higher outside Java Island.

Nexus between Issue of Environmental Pollution and the Urban Population: Evidence of Economic Growth in Indonesia

This study aims to analyze the factors that cause climate change that occurs in Indonesia. From every effort to increase economic growth, some elements are sacrificed. The Oil Palm Industry, high levels of CO2 emissions, Gini ratio index, and population increase in urban areas are variables used in this research. This research was conducted for thirty years, from 1990 to 2020. The analysis model used was the Vector Error Correction Model (VECM). The estimation results show that the palm oil industry, the impact of CO2 emissions, and the increase in urban population have a positive effect in the long term but do not impact economic growth in the long term because one of them is environmental quality degradation. Therefore, sometimes every effort to increase economic growth must be accompanied by mitigation of environmental impacts that will affect the short and long term.

Analysis of the Effect of Unemployment Rate, RMW, and HDI on Poverty Rates in the Special Region of Yogyakarta

Poverty is one of the most complex problems in a country's economy, including in a region. Therefore, efforts to reduce poverty must be carried out comprehensively. The purpose of this study was to analyze the effect of the unemployment rate, the Regional Minimum Wage (RMW), and the Human Development Index (IPM) on the poverty rate in the districts of Bantul, Sleman, Gunung Kidul, Kulon Progo, and the City of Yogyakarta in 2015-2019. The analytical method used is panel data regression random effect models (REM). This study indicates that the unemployment rate, regional minimum wage, and HDI simultaneously affect the poverty level. Partially, the unemployment rate is positively and not significantly correlated with the poverty rate.

Analysis of Macroeconomic Indicators Against the Composite Stock Price Index (CSPI) in Indonesia: Vector Error Correction Model (VECM) Approach

The Composite Stock Price Index (CSPI) is one indicator to determine economic growth. The Composite Stock Price Index (CSPI) is formed by counting the stocks listed on the Indonesia Stock Exchange (IDX). Macroeconomic conditions can influence the movement of the CSPI in a country. Macroeconomic indicators that affect the CSPI include inflation, exchange rates, and interest rates represented by the BI rate. This study aimed to determine how much influence the selected macroeconomic indicators had on the CSPI and determine the CSPI movement forecast. This study uses the Vector Error Correction Model (VECM) as an estimation method. The research shows that the inflation, exchange rate, and BI rate variables do not affect the CSPI in the short term, and only the exchange rate variable affects the long term. Forecasting performed on variables shows an over-optimistic forecast for the exchange rate and BI rate variables.

Analysis of Natural Resources of Marine and Fishery Policy on the Welfare of Marine Area Communities an Islamic Economic Perspective

This research aims to determine how marine and fisheries policies in Indonesia and the implementation of these policies on the welfare of the society in the Bandar Lampung Sea area from the perspective of Islamic economics. So later, the results of this research can be used as examples and role models for other marine areas about the implementation of good marine and fisheries policies. The research was conducted with a qualitative descriptive research method that uses a literature study that considers and continues the results of previous studies. The type of sample used in this research is purposive sampling. The sample in this research is the community around the Gudang Lelang market and through random sampling technique. This research indicates marine and fisheries policies, especially at Pasar Gudang Lelang, Ikan Bawal street, Kangkung sub-district, Bandar Lampung City. Among others, protecting the diversity of marine organisms, minimizing the exploitation of marine and fishery resources, implementing human resource development related to marine and fishery resource management, implementing capital lending as a support for businesses, and others have been implemented well. The excellent application of marine and fisheries policies can foster welfare for the community according to the main objective of Islamic economics, namely to create public order in a welfare society based on justice, equality, and balance.

The Role of Mediation Electronic Word of Mouth (E-WoM) in Relationship Quality of Services and Tourism Products Against Visiting Decisions

The purpose of this study was to analyze the mediating role of electronic word of mouth in the relationship between tourism products and service quality on the decision to visit tourists to Pangandaran Beach. This research is explanatory research, and the data collection is done by distributing questionnaires. The sample in this study amounted to 95 visitors to Pangandaran beach, who were selected using the purposive sampling method. Based on the analysis using Structural Equation Modeling (SEM) with the Partial Least Square (PLS) approach, the results indicate that service quality and tourism products have a significant positive effect on visiting decisions. However, electronic word of mouth does not mediate the relationship between service quality and tourism products on tourists visiting decisions.

Analysis of Factors Affecting Human Development Index in Special Regional of Yogyakarta

This study aims to analyze the factors affecting the Human Development Index in the Special Regional of Yogyakarta. This study uses secondary data from the Central Bureau of Statistics (BPS) and the Regional Asset Financial Management Agency (BPKAD) in the Special Regional of Yogyakarta, namely Yogyakarta City, Sleman Regency, Bantul Regency, Kulon Progo Regency, and Gunung Kidul Regency in 2013- 2018. Meanwhile, the analysis tools used in the study used the Panel Data Method with the Fixed Effect Model approach. This study indicates that the Gross Regional Domestic Product (PDRB) and government spending in the health sector positively and significantly affect the Human Development Index. Government spending in the education sector has a negative and insignificant effect on the Human Development Index (HDI).

Basic Sector Analysis and Development Strategy of Regional Economic Potential in Kulon Progo District 2013-2017

The research carried out in Kulon Progo Regency aims to analyze the economic potential that will exist to develop strategies that can be used to develop the economy in Kulon Progo Regency. This study uses data from 2013 to 2017 obtained from the Central Statistics Agency of Kulon Progo Regency and Yogyakarta Special Region. This study uses several analytical tools, namely Statistical Location Quotient (SLQ), Dynamic Location Quotient (DLQ), Shift Share Analysis, Klassen Typology Analysis, and the SWOT analysis approach. Based on the combined analysis of SLQ and DLQ, there are three sectors: the mining and quarrying sector, wholesale trade and retail, car and motorcycle repair, government administration, defense, and social security. These sectors are the crucial sectors at present and will remain the base sectors in the future.