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All Journal Indonesian Journal of Islam and Muslim Societies MUQTASID Perisai : Islamic Banking and Finance Journal Journal of Economic, Bussines and Accounting (COSTING) Muqtasid: Jurnal Ekonomi dan Perbankan Syariah Jurnal Manajerial Management Studies and Entrepreneurship Journal (MSEJ) Academia Open Indonesian Journal of Law and Economics Review Ulil Albab Indonesian Journal of Innovation Studies ULIL ALBAB Innovative Technologica: Methodical Research Journal
Kumara Adji Kusuma
Universitas Muhammadiyah Sidoarjo
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Determinants of Investment In Islamic Crowdfunding Ryandono, Muhammad Nafik Hadi; Wijayanti, Ida; Kusuma, Kumara Adji
Muqtasid: Jurnal Ekonomi dan Perbankan Syariah Vol 11, No 1 (2020): MUQTASID: Jurnal Ekonomi dan Perbankan Syariah
Publisher : IAIN Salatiga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18326/muqtasid.v11i1.70-87

Abstract

Investment decisions in Islamic Crowdfunding have many determinants, including: project quality, creator abilities, social network creators, reputation and entrepreneur experiences. This study examines the influence of significant and insignificant determinants of investment in Islamic Crowdfunding. It uses a random sampling technique with Structural Equation Modeling Partial Least Square (PLS) as the analysis model. The results show that social creators and entrepreneur experiences have a significant effect on investment in Islamic Crowdfunding. Contrastingly, project quality, creator ability, and reputation have insignificant influences. Entrepreneur experiences and reputation of the platform have dominant and least influence on investment in Islamic crowdfunding, respectively. Creator’s ability has a dominant-negative effect on Islamic Crowdfunding, and therefore, it requires special attention. The sharia values contained in all investment determinants are the primary consideration by investors. Therefore, increasingly inevitable sharia compliance is a necessity from time to time.
Zakah index: Islamic economics’ welfare measurement Kumara Adji Kusuma; Muhamad Nafik Hadi Ryandono
Indonesian Journal of Islam and Muslim Societies Vol 6, No 2 (2016): Indonesian Journal of Islam and Muslim Societies
Publisher : IAIN Salatiga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18326/ijims.v6i2.273-301

Abstract

Zakah is one of the five pillars of Islam. Compared to the other pillars, Zakah intersects with most the human dimensions: spiritual, individual, social, economic, and is quantifiable. Zakah also fulfills all of the aspect of the Maqas}id al-Shari‘ah that preserves public interests (maslahah). This paper argues that the lack of full observance of the objectives of the obligation in performing Zakah, which is intended to increase the welfare/wellbeing of the society, makes Islamic Economics as a discipline completely ineffective and inefficient in performing its essential characteristics in fulfilling the Maqas}id al-Shari‘ah. The expected outcome of this study is Zakah Index that will represents the monitoring of Zakah payment in Islamic or Muslim populated country, hence providing academics, students, society, and policy maker in Islamic or Muslim populated country an alternative measurement of economic progress, instead of Gross Domestic Product (GDP). The method used in the conceptualization of the Index and its derivatives are content analysis and conventional literature. Finally, Zakah Index is intended to be as an Islamic Economics tool to measure not only the welfare/wellbeing of Islamic Society, but also its religious (spiritual). On the last part of the paper, the Zakah Index Model then is applied to the East Java province. Zakah adalah salah satu rukun Islam. Dibandingkan dengan pilar yang lain, zakah bersinggungan dengan hampir seluruh dimensi manusia: spiritual, individual, sosial, ekonomi dan ia dapat diukur. Selain itu, zakah juga memenuhi seluruh aspek Maqas}id al-Shari‘ah yang bertujuan melindungi kepentingan umum (maslahah). Paper ini didasarkan pandangan bahwa minimnya pengawasan kewajiban pembayaran zakah, yang ditujukan untuk meningkatkan kesejahteraan masyarakat, menjadikan Ilmu Ekonomi Islam sebagai disiplin tidak efektif dan efisien dalam menjalankan karakteristik utamanya untuk memenuhi tujuan Shariah. Luaran dari studi ini adalah Indeks Zakah yang akan merepresentasi pengawasan pembayaran Zakah di Negara Islam atau masyarakat mayoritas muslim, yang dengan demikian menyediakan alternatif pengukuran kemajuan ekonomi bagi pemerintah, akademisi, dan masyarakat daripada menggunakan Produk Domestik Bruto (PDB). Metode penyusunan konsep indeks ini dengan berbagai derivasinya adalah content analysis dan metode induktif yang meliputi literatur Islam dan konvensional. Akhirnya, Indeks Zakah ini dimaksudkan menjadi “tool” Ilmu Ekonomi Islam untuk mengukur tidak hanya kesejahteraan masyarakat muslim, namun juga aspek religiusitasnya. Pada bagian akhir paper ini, model Indeks Zakah ini dipalikasikan di Provinsi Jawa Timur.
Ekonomi Islam dan Peradaban: Analisis Mudharabah Sebagai Elemen Ekonomi Tolok Ukur Peradaban Kumara Adji Kusuma; Abdul Hadi
Perisai : Islamic Banking and Finance Journal Vol 1 No 1 (2016): October
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/perisai.v1i1.228

Abstract

One of the main factors making up the basis of civilization or Madani society or civil society, which is also part of the social capital, is the confidence (trust) both horizontally and verticallyamong individuals between individuals and institutions so as to create an effective partnership. Islamic Economics is an economic system based on Islamic principles. Inside there is a contract ofMudharabah contract based on the belief that investors give full trust to capital manager with the agreement of the losses in the initial contract. In this study concluded that the higher the level of consumption in society Mudharabah contract is higher level then the level of civilization of society. This is because Mudharabah is directly proportional to the level of public confidence. This study uses library research both from the perspective of historical and economic, using critical-descriptive.
Determinants of Investment In Islamic Crowdfunding Muhammad Nafik Hadi Ryandono; Ida Wijayanti; Kumara Adji Kusuma
Muqtasid: Jurnal Ekonomi dan Perbankan Syariah Vol 11, No 1 (2020): MUQTASID: Jurnal Ekonomi dan Perbankan Syariah
Publisher : IAIN Salatiga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (663.585 KB) | DOI: 10.18326/muqtasid.v11i1.70-87

Abstract

Investment decisions in Islamic Crowdfunding have many determinants, including: project quality, creator abilities, social network creators, reputation and entrepreneur experiences. This study examines the influence of significant and insignificant determinants of investment in Islamic Crowdfunding. It uses a random sampling technique with Structural Equation Modeling Partial Least Square (PLS) as the analysis model. The results show that social creators and entrepreneur experiences have a significant effect on investment in Islamic Crowdfunding. Contrastingly, project quality, creator ability, and reputation have insignificant influences. Entrepreneur experiences and reputation of the platform have dominant and least influence on investment in Islamic crowdfunding, respectively. Creator’s ability has a dominant-negative effect on Islamic Crowdfunding, and therefore, it requires special attention. The sharia values contained in all investment determinants are the primary consideration by investors. Therefore, increasingly inevitable sharia compliance is a necessity from time to time.
The Effect of Compensation, Commitment and Work Discipline on Employee Performance Ika Oktaviani; Kumara Adji Kusuma
Indonesian Journal of Law and Economics Review Vol 15 (2022): May
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (238.367 KB) | DOI: 10.21070/ijler.v15i0.785

Abstract

This study aims to determine the effect of compensation, commitment and work discipline on employee performance at CV. Indo Prima Plastik. This research uses quantitative research with hypothesis testing. The sample used in this study were 50 employees at CV. Indo Prima Plastik. The analytical tool used in this research is using IBM SPSS statistical software version 2.5.0, this study aims to determine the effect of compensation, commitment and work discipline. Primary data in this study were obtained from questionnaires. The results of this study prove that (1) compensation has an effect on employee performance, (2) commitment has an effect on employee performance, (3) work discipline has an effect on employee performance.
Catalysts of Employee Performance: Workload, Compensation, and Motivation Uswatun Nur Lailiya; Kumara Adji Kusuma
Academia Open Vol 7 (2022): December
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (226.174 KB) | DOI: 10.21070/acopen.7.2022.3261

Abstract

This quantitative research study aimed to explore the impact of workload, compensation, and motivation on the performance of employees in the food industry. The research was conducted using a sample size of 100 employees from a cooking seasoning company in Sidoarjo, Indonesia. Data was collected through a questionnaire and analyzed using multiple linear regression in SPSS. The findings revealed that workload, compensation, and motivation had significant individual effects on employee performance. Furthermore, when considered together, these factors exhibited a collective influence on employee performance. This research provides valuable insights into enhancing employee performance within the context of the food industry, emphasizing the importance of managing workload, offering competitive compensation, and fostering motivation. The results have implications for both scholars and practitioners in terms of optimizing organizational performance and employee well-being. Highlights: The study examines the influence of workload, compensation, and motivation on employee performance. The research employs a quantitative approach and utilizes a sample size of 100 employees. Findings indicate that workload, compensation, and motivation individually and collectively impact employee performance. Keywords: employee performance, workload, compensation, motivation, quantitative research
The Effect of Job Satisfaction, Organizational Culture, and Perceived Organizational Support on Organizational Citizenship Behavior on Employee in Company Ladynah Zarrah Aureliyah Putri; Kumara Adji Kusuma
Indonesian Journal of Law and Economics Review Vol 18 No 1 (2023): February
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (17.338 KB) | DOI: 10.21070/ijler.v18i0.879

Abstract

This study aims to determine the effect of job satisfaction, organizational culture and perceptions of organizational support on organizational citizenship behavior in employees of PT. EMKL Transindra Perkasa Surabaya. This research is a quantitative research type. This research used a sample of 60 employees of PT. EMKL Transindra Perkasa Surabaya. This study uses multiple linear analysis as an analytical technique with the help of the SPSS (Statistical Program for Social Science) version 18.0 application. This study uses primary data and secondary data obtained from the company. Questionnaires are used in research as a tool for statistical testing. The results of the study prove that job satisfaction has an effect on OCB, organizational culture has an effect on OCB, perceptions of organizational support have an effect on OCB. And job satisfaction, organizational culture and perceived organizational support simultaneously affect OCB.
Perceptions of Shopee and Tokopedia: UMSIDA Management Students' Comparative Analysis Dhinin Bella Ira Sari; Kumara Adji Kusuma
Academia Open Vol 8 No 1 (2023): June
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (287.048 KB) | DOI: 10.21070/acopen.8.2023.3789

Abstract

This qualitative research with a qualitative descriptive approach aims to explore the views of Management Study Program students at UMSIDA university regarding the ease and benefits of Shopee and Tokopedia e-commerce platforms. Through interviews with 100 students, including 7 informants who were users of both platforms, the research findings indicate that both Shopee and Tokopedia are highly regarded as online shopping sites. Students, being millennials, prioritize convenience and value the extensive product range offered by these platforms. However, the preference of UMSIDA Management Study Program students leans towards Shopee due to perceived affordability and a wider product selection. The implications of this study highlight the significance of user-friendly e-commerce platforms that cater to the needs and preferences of students, thus enabling easy access to online shopping anytime and anywhere. Highlights: Ease and benefits of Shopee and Tokopedia: The research explores the views of Management Study Program students at UMSIDA regarding the convenience and advantages offered by both Shopee and Tokopedia e-commerce platforms. Comparative analysis: The study provides a comparative analysis of Shopee and Tokopedia, highlighting the preferences and opinions of UMSIDA students. It sheds light on factors such as product availability, pricing, and overall user experience. Implications for students and e-commerce platforms: The findings have implications for both students and e-commerce platforms. Students' preferences for Shopee over Tokopedia due to perceived affordability and a wider product range reflect the importance of catering to user needs. E-commerce platforms can use this information to enhance their offerings and improve user satisfaction. Keywords: Shopee, Tokopedia, E-commerce, Management Study Program, UMSIDA
The Effect of Allowances, Work Bonuses and Performance Improvements on Employee Loyalty Nisaul Chusna; Kumara Adji Kusuma
Indonesian Journal of Innovation Studies Vol. 19 (2022): July
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (232.038 KB) | DOI: 10.21070/ijins.v19i.686

Abstract

This study aims to determine the effect of allowances, work bonuses and performance improvements on employee work loyalty at PT. Sinerga Lintas Indonesia, either partially or simultaneously whether they affect employee work loyalty at PT. Sinerga Lintas Indonesia. And describe the benefits, work bonuses and performance improvements. The approach method in this research is a quantitative approach. Data was collected by distributing questionnaires, observations, and interviews as data reinforcement. The sampling technique in this study uses a total sampling technique to take a sample of all members of the population being sampled. According to Sugiyono (2018), the quantitative approach is a research approach used to measure the variables and the level of influence between one variable and another. Based on the results of the study, allowances, work bonuses and increased performance have a significant effect on work loyalty. Bonus is an employee's right to the labor and services provided to the company. Employee performance improvement is an employee who has a high commitment to the company tends to show good quality, more totality in work and the employee turnover rate for the company is also low.
The Effect of Job Training, Work Discipline and Compensation on Employee Performance at the Railway Depot during the Covid-19 Pandemic Muchamad Ali Mashuri; Kumara Adji Kusuma
Indonesian Journal of Innovation Studies Vol. 23 (2023): April
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (226.136 KB) | DOI: 10.21070/ijins.v22i.837

Abstract

The purpose of this study was to determine the effect of job training, work discipline and compensation partially (individually) and simultaneously (together) on employee performance at the Sidotopo train depo. The approach used in this research is quantitative, which is an approach based on the results of the answers to the questionnaires that have been distributed. The sampling technique used was the saturated sample technique with 37 respondents. The data analysis technique used multiple linear regression, validity test, reliability test, classical assumption test, partial test, simultaneous test of multiple correlation coefficient test, and multiple determination test of respondents with software SPSS version 24 software. The results of this study state that job training has a significant effect on employee performance, work discipline has a significant effect on employee performance, compensation has a significant effect on employee performance, and job training, work discipline, compensation simultaneously (simultaneously) affect employee performance.
Co-Authors Abdul Hadi Adityan Syafrianda Amelia Khusnul Chotima Detak Prapanca Dewi Andriani Dewi Andriani Dhiki Arta Ditya Dhinin Bella Ira Sari Dyah Alifia Wulandhari Harijono Fauline Arizka Putri Hasan Ubaidillah Herlinda Maya Kumala Sari, Herlinda Maya Kumala Ida Wijayanti Ika Oktaviani Ladynah Zarrah Aureliyah Putri Lilik Indayani Maulana Rizky Widhiarto Muchamad Ali Mashuri Muchammad Iqbal Al Amin Muhamad Nafik Hadi Ryandono, Muhamad Nafik Nala Alifiyah Firdaus Nisaul Chusna Nukhi Khusna Wahyuma Nur Cahyo Bagas Pamungkas Puput Dwi Sasmita Sari Rifdah Abadiyah Rifdah Abiadiyah Rita Ambarwati Rizki Ragil Pamungkas Salsabila Putri Agustina Sinta Listia Siska Putri Utami Syafril Adin Firmansyah Taris Dwi Wulandari Tiga Andina Tuffah Hati Umniyyah Uswatun Nur Lailiya Vera Firdaus Vera Firdaus wahyuni wahyuni Wijayanti, Ida Yodik Lestyo Widi