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Indonesian economic diversification as an emerging markets country to drive economic growth Hasan, Zulfikar
INOVASI Vol 17, No 3 (2021)
Publisher : Faculty of Economics and Business Mulawarman University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (711.126 KB) | DOI: 10.29264/jinv.v17i3.10027

Abstract

Indonesia's economic growth as an emerging market country can be determined from various variables to be measured. For this study, the authors take the variables of economic growth, infrastructure development, regional economic development, and Special Economic Zones to encourage economic diversification. Economic diversification is needed to increase regional income and increase economic growth, in addition to reducing poverty and creating job opportunities. Economic diversification needs to be done with various policies that can have a good impact on society, one of the most important things to do is improve good infrastructure, especially in rural areas. Most researchers have raised the theme of economic growth by linking poverty levels, but the authors are very interested in linking with infrastructure, regional economies, and also special economic zones. The research used in this paper combines qualitative and quantitative research, where qualitative research looks at the policies that have been and will be made by the central government to support economic diversification. Meanwhile, quantitative research relates more to the effect of economic growth with infrastructure and regional budgets. The results of the author's research indicate that there is a close relationship between economic growth and infrastructure development, where there is a positive relationship between these two variables. Meanwhile, for regional economic development, the central government has provided a stimulus that continues to increase every year. Special Economic Zones are also built based on budget rather than APBN and APBD according to budget optimization from the government.
The Impact of Gross Enrollment Ratio (GER) of Tertiary Education in Indonesia on the Literacy and Inclusion Index: A Case Study Of Islamic Finance in Indonesia Zulfikar Hasan; Saifunnajar Saifunnajar
Al-Amwal : Jurnal Ekonomi dan Perbankan Syari'ah Vol 13, No 2 (2021)
Publisher : IAIN Syekh Nurjati Cirebon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24235/amwal.v13i2.7599

Abstract

The inclusion and literacy of Islamic finance is an index that can use as a guide in assessing whether people living in a country know about Islamic finance. Multiple variables can conclude whether a nation knows Islamic banking, one of the variables that can use as guidelines are the literacy and inclusion index published by affiliated organisations such as the Financial Services Authority (OJK). The Financial Services Authority does a survey that can use as further research on the knowledge of the Indonesian people about Islamic Banking. Overall, the third National Financial Literacy Survey (SNLIK) conducted by the Financial Services Authority (OJK) this year showed that the financial literacy index reached 38.03%, and the financial inclusion index 76.19%. This figure improved related to the results of the 2016 OJK survey, correctly the financial literacy index 29.7% and the financial inclusion index 67.8%. Based on regional levels, for urban financial literacy index reached 41.41% and economic inclusion of urban areas amounted to 83.60%. In comparison, the literacy index and financial inclusion of rural communities were 34.53% and 68.49%. The survey results also showed that based on gender literacy index and economic inclusion of men were 39.94% and 77.24%, relatively higher than women at 36.13% and 75.15%. OJK will use the results of the 2019 financial literacy survey to refine the national financial literacy development strategy that is more effective and targeted.
Economic Globalization: Impacts On Indonesian Import-Export Statistics Zulfikar Hasan
Al-Amwal : Jurnal Ekonomi dan Perbankan Syari'ah Vol 12, No 2 (2020): .
Publisher : IAIN Syekh Nurjati Cirebon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24235/amwal.v12i2.7085

Abstract

Economic globalization is the manner of combining the national economy into the global financial system played by WTO, IMF and World Bank players. Economically the Indonesian state has a dependence on international trade, production and finance. Accordingly, the Indonesian nation unprotected to international pressure and globalization. Economic globalization has an impact on national commercial law which must resemble as an integration mechanism that can harmonize the various internal interests of the nation, national and international interests and between sectors of domestic life. Economically there are increasingly competing trade pressures, multi nationalization of production, integration of financial markets and inrush of global capital investment. In dealing with the impact of economic globalization using strategies play an active role in the process of negotiation with globalization actors and creating national commercial law, especially regarding the foreign investment that accommodates the interests of global values to appropriate for the development of the national economy. Globalization is also very instrumental in the volume of export and import in a country, including Indonesia, which will have an impact both negative and positive from globalizing products and services.
Market Share Islamic Banking In Indonesia Zulfikar Hasan
IQTISHADUNA: Jurnal Ilmiah Ekonomi Kita Vol 8 No 1 (2019): IQTISHADUNA: Jurnal Ilmiah Ekonomi Kita - June
Publisher : LPPM Publishing & Printing

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (791.199 KB) | DOI: 10.46367/iqtishaduna.v8i1.157

Abstract

At the end of 2016, the Islamic banking market share stood at 356.5 trillion Indonesian rupiahs ($26.7 billion), equivalent to 5.03 per cent of the total banking sector’s assets. Islamic banking assets have risen faster year-on-year compared to conventional banking, registering a growth of 8.8 per cent in 2015 and 20.3 per cent in 2016. The performance of the Islamic banking industry in Indonesia has yet to satisfy the public’s expectations. Although with a market of more than 200 million Muslims, Islamic banks in Indonesia still face difficulties luring more customers and increasing their assets. For three consecutive years, the market share of the sharia banks in the country stood still at less than 5 per cent. According to the Global Advisors Islamic Finance Outlook Report for 2016, no Indonesian Islamic banks were ranked in the top five largest banks based on assets in Southeast Asia. This is an alarming situation for the industry and regulators. Thus, it evokes a question: Is the market becoming saturated for Islamic finance? This study aims to determine the factors that affect the market share of Islamic banks in Indonesia. With a focus on four main items, Islamic banking regulations, Islamic banking inclusion and literacy are still low from conventional banks, Islamic banking still does not have sufficient capital and the number and quality of Human Resources (HR) that are inadequate. This study uses an analytical descriptive study is to describe and analyzed data obtained based on primary and secondary data. While the method used is normative and focused on the study of literature, which is then analyzed qualitatively juridical.
Digital Zakat Fundraising in Times of Covid-19 Pandemic: Evidence from BAZNAS, Indonesia Zulfikar Hasan; Kamiluddin Kamiluddin
Journal of Islamic Economic and Business Research Vol. 1 No. 2: December 2021
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1578.715 KB) | DOI: 10.18196/jiebr.v1i2.1

Abstract

This research analysed the impact of COVID19 on zakat institutions. The COVID19 outbreak forced policymakers to issue various innovations to manage the pandemic consequences. BAZNAS of the Republic of Indonesia has introduced its digital zakat platforms to facilitate muzaki in performing zakat. The collection of zakat funds at BAZNAS of the Republic of Indonesia has increased despite the COVID19 pandemic. This study employed a qualitative method by analyzing primary and secondary data. The results of this study concluded that the role of digital technology during the pandemic to collect zakat funds greatly facilitates muzaki. Besides that, it has received full support from the MUI (Indonesian Ulema Council) and the government. Hopefully, typical research like this that can raise more themes about the role of zakat during the COVID19 pandemic.
Making Indonesia as Integrated Halal Zone and World Halal Sector Hub Through the Implementation of Halal Supply Chain Zulfikar Hasan
Journal of Islamic Economic and Business Research Vol. 1 No. 1: June 2021
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (904.426 KB) | DOI: 10.18196/jiebr.v1i1.11529

Abstract

Halal supply chain management is one of the implementations that has been undertaken by several countries in the world, and even countries with a majority non-Muslim population. The halal sector in the world has developed quite rapidly. It has penetrated to all fields, one of which is Islamic banking and finance which has evolved quite well in helping the economy of a country. The research used in this research is descriptive qualitative research as an illustration in the Halal Supply Chain process that has been used by several states that have successfully implemented this system. Halal Supply Chain is a cycle that has been set by each country and has standards that guide the processing of a product, so it reaches the consumer. Indonesia is determined to become the centre of the halal world through the implementation of the halal supply chain in the form of Integrated Halal Zone (IHZ), IHZ is one of the functions to encourage the halal industry to develop and be able to compete with other countries quickly. Additionally, the Indonesian Ulema Council and the Ministry of Religion can easily oversee halal product standards from upstream to downstream. Hopefully the results of this research will contribute to the academic world and practitioners of Islamic economics.
The Potential of Indonesian Zakat for Zakatnomics Improvement - Taxonomic Analysis Techniques Zulfikar Hasan
International Journal of Zakat Vol 6 No 3 (2021): International Journal of Zakat
Publisher : Center of Strategic Studies (PUSKAS) BAZNAS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37706/ijaz.v6i3.275

Abstract

Research made by researchers is related to zakat which can improve the economy of the ummah. Through zakatnomics how to raise awareness to build a new economic order to achieve happiness, life balance, and human dignity which is based on the spirit and noble values ​​of the zakat law. Namely the spirit of devotion, the spirit of productivity, and a fair economy, and the spirit of grounding ZISWAF in the practice of life. Research made by researchers uses qualitative methods with Taxonomic Analysis Techniques, where researchers generally look at the problems faced by Baznas RI to optimize the potential of zakat which will have a good impact on the ummah. The results of this study show that the potential for zakat in Indonesia is very large, in 2020 the potential for zakat in Indonesia will reach 230 trillion rupiahs, but the absorption of zakat funds is still below 10 percent. Because there are several obstacles faced by BAZNAS to increase the existing potential. Hopefully, this research will give a little contribution to the academic world and practitioners, and there will continue to be research related to zakat in Indonesia.
The Effect of Profit Sharing Financing and Receivables towards Total Assets in Islamic Banking: Case Study in BNI Syariah Zulfikar Hasan
Ijtimā`iyya: Journal of Muslim Society Research Vol 6 No 1 (2021)
Publisher : Postgraduate Program, State Institute on Islamic Studies Purwokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (510.19 KB) | DOI: 10.24090/ijtimaiyya.v6i1.4671

Abstract

The objective of my research is to observe at the relationship between receivables, profit-sharing financing to total assets at BNI Syariah Bank from 2016-2020. Total assets in BNI Syariah frequently endure fluctuations in total assets each year, whether receivables and profit-sharing financing have a significant effect on variable Y (total assets). The method that researchers run is a quantitative method using the help of SPPS software, while the variables that influence are the dependent variable receivables and profit-sharing financing. The funding channelled by BNI Syariah is essentially the same as other Islamic banks in Indonesia. Because it still uses an agreement that has long practised in the Islamic banking system, such as the Murabaha contract for the provision of receivables, Mudharabah and Musyarakah contracts for profit sharing between customers and banks. The relationship between Receivables and Revenue Sharing Financing has a positive correlation between variables. This research can also provide some connection between Murabahah and Musharaka which are one of the main product sources of BNI Syariah bank. The originality of the research that the researcher makes is his own, it is not copied and that the researcher's research idea is new and can add new knowledge.
The Influence of Gross Enrollment Ratio (GER) on the Literacy and Inclusion Index: A Case Study of Islamic Finance in Indonesia Zulfikar Hasan; Ahmad Azam Sulaiman; Mutia Rosiana Nita Putri
Unisia Vol. 39 No. 1 (2021)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/unisia.vol39.iss1.art7

Abstract

The inclusion and literacy of Islamic finance is an index that can use as a guide in assessing whether people living in a country know about Islamic finance. Multiple variables can conclude whether a nation knows Islamic banking. The Financial Services Authority does a review that can use as additional analysis on the knowledge of the Indonesian personalities about Islamic Banking. Overall, the Third National Financial Literacy Survey (SNLIK) accompanied by the Financial Services Authority (OJK) this year revealed that the financial literacy index equaled 38.03%, including the financial inclusion index of 76.19%. Based on geographical levels, during urban financial literacy index equaled 41.41% and economic inclusion of urban ranges amounted to 83.60%. OJK will use the results of the 2019 financial literacy survey to improve the national financial literacy developing policy that is further practical and targeted. In comparison, the literacy index and financial inclusion of rural communities were 34.53% and 68.49%. This pattern developed compared to the results of the 2016 OJK survey, precisely the financial literacy index 29.7% and the financial inclusion index 67.8%. The questionnaire effects further designated that based on gender literacy index and economic inclusion of men were 39.94% and 77.24%, comparatively higher than women at 36.13% and 75.15%. 
Prospect of Islamic Electronic Money in Indonesia: Case Study on the LinkAja Application Zulfikar Hasan; Endah Dwi Jayanti; Nur Azlina; Reski Lestari; Muslim Muslim
JESI (Jurnal Ekonomi Syariah Indonesia) Vol 12, No 1 (2022)
Publisher : Universitas Alma Ata

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (372.907 KB) | DOI: 10.21927/jesi.2022.12(1).1-13

Abstract

This research conducted to see how the prospects for electronic money in Indonesia, considering the launch of new electronic money launched this year through the LinkAja application. This application has received a fatwa from the National Sharia Council of the Indonesian Ulema Council (DSN-MUI) to be a strong source of law for application in Indonesian society. The emergence of LinkAja electronic money is one of the policies of all stakeholders because the potential of sharia-based electronic money is quite large, apart from Indonesia having the world's largest Muslim population. The method that the author made is a qualitative method besides reading several journals and reading material about Islamic electronic money. The prospect of newly launched electronic money certainly has several challenges and opportunities that can be used as lessons for relevant stakeholders. Apart from the competition with the same applications as conventional-based electronic money, Indonesians are still used to conventional-based electronic money there is when compared to sharia-based systems. Complete support from the government is needed to make this electronic money develop well, apart from being protected by applicable laws and regulations. Promotion and marketing of all LinkAja management are also necessary to expand the reach not only in cities but also in villages.