al-Uqud : Journal of Islamic Economics

Islamic leadership and other external factors in improving the career path of lecturers

Ivan Rovian, Sri Widati — Sun, 30 Jun 2024 00:00:00 +0700

The aim of this research is to examine personal factors as the biggest factor in career problems using a CTI-based self-regulation model to improve lecturers' career paths in order to create quality and professional human resources. Based on research studies conducted in East Java, there is a tendency that health lecturers need to implement a CTI-based self-regulation model in improving the career path of lecturers, especially those who have lecturer certification, due to the influence of lecturer behavior, lecturer personal problems, lack of institutional facilities and information systems. and less supportive technology. The research method uses quantitative SPSS. The research results show the influence of external, demographic, self-regulation, on lecturer career paths in Surabaya private Universities

The role of trust, waqf literacy, and cash waqf intentions for islamic boarding school in Indonesia

Sun, 30 Jun 2024 00:00:00 +0700

The aim of this research is to explore the factors that influence individuals' inclination to contribute funds as waqf to Islamic boarding school in Indonesia. The Theory of Planned Behaviour (TPB) will be used as the conceptual framework to analyse human behaviour. In addition, this research evaluates two further factors, namely trust and waqf literacy, which are identified as determinants that impact cash waqf intentions.

This study uses quantitative methods, specifically the partial least squares structural equation modelling (PLS-SEM) technique, to completely analyses and assess the model. The questionnaires were distributed electronically to 436 participants in Indonesia.

The results of the hypothesis test show that subjective norms, trust, and waqf literacy have a direct effect on attitudes, but they do not have an indirect impact on the intention to donate cash waqf in Islamic boarding school. Additionally, attitudes do not influence the intention to donate cash waqf in Islamic boarding school. Perceived control (PBC) has a substantial impact on the intention of providing cash waqf to Islamic boarding school.

Shaping financial futures: How does quran surah Yusuf discuss the instruments of the state financial policy?

Dian Berkah, Tika Widiastuti, Nikmatul Atiya — Tue, 16 Apr 2024 00:00:00 +0700

This research presents an in-depth analysis of state financial policy, taking inspiration from the interpretation of the Prophet Yusuf's dream immortalised in Surah Yusuf. Using a qualitative approach and a literature review method that combines tafsir bi al ma'tsur and tafsir bi ra'yi, this research discusses each verse in detail, exploring the relevance of the findings to current scientific developments. The main findings include the seven-year cycle, the basis for formulating state financial policies, instruments based on food security strategies, and the determining phases for a country that can prosper or decline. This conclusion underlines the importance of the first and second cycles as policy foundations that should be addressed, opening new insights into understanding and designing state financial policies.

Dynamic relationship between sukuk and economic growth in Indonesia: Evidence from Vector Error Correction Model (VECM) and Wavelet Analysis

Elva Novitasari, Tika Arundina — Sun, 30 Jul 2023 00:00:00 +0700

This research highlights the positive development of the sukuk market in Indonesia, particularly corporate sukuk and sovereign sukuk. Sovereign sukuk experienced faster growth, despite corporate sukuk being issued earlier. Corporate sukuk is considered an economic stimulus through corporate capital expenditure, while sovereign sukuk is used for infrastructure financing. Both types of sukuk are expected to drive economic growth, although the role of sukuk in economic growth is still debated. Therefore, research under current conditions remains highly relevant. This study employs the Vector Error Correction Model (VECM). The findings indicate a positive contribution of sukuk to long-term economic growth, and economic growth has a positive impact on the sukuk market in the short term. Impulse Response Function (IRF), Variance Decomposition (VD), and Granger Causality analyses are utilized to measure the influence and causality of variables. The impact of sovereign sukuk on economic growth, including the period during the Covid-19 pandemic, has increased compared to the pre-pandemic period. Wavelet analysis is also employed to explore the movements of retail and non-retail sovereign sukuk concerning economic growth in various time periods. The movements of retail sovereign sukuk may serve as an indication of economic growth, and a strong correlation is found between retail sovereign sukuk and economic growth.

Sharia governance and corporate social responsibility as instruments to achieve asean food vision 2025

Tue, 16 Apr 2024 00:00:00 +0700

This study aims to identify strategies to achieve the ASEAN 2025 vision in the agriculture sector using sharia governance and Corporate Social Responsibility (CSR) schemes. Therefore, this research will use a mixed method for data analysis. The sample is from Islamic banking in Indonesia, Malaysia, and Singapore. In addition, the dependent variable is taken from ASEAN agriculture statistics for 2018-2022. The results have explained that CSR indicators from the Islamic Social Reporting theory in the agriculture sector are widely developed in Indonesia. It is also supported by Law No. 4 of 2023 on P2SK in formulating changes in the role of sharia governance and CSR. In addition, financial, product, employee, community, and environmental indicators need to be further improved by Islamic banking through additional distribution in financing and investment in the agriculture sector. There are several policy recommendations for all ASEAN stakeholders and Islamic banking. ASEAN countries need to focus their economic vision on the agriculture sector. In addition, Islamic banking in ASEAN countries can implement sharia governance and CSR schemes in corporate governance and economic policies. Therefore, it must also be supported by good governance in the Sharia governance scheme.