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Proceedings of Femfest International Conference on Economics, Management, and Business
Published by Universitas Darussalam Gontor
ISSN : -     EISSN : 30263549     DOI : -
Core Subject : Economy, Social,
Economics, Econometrics & Finance Social Sciences
Proceedings of Femfest International Conference on Economics, Management, and Business focuses on research related to economics, management, and business that are relevant to the development of the theory and practice of economics, management, and business especially in Islamic disciplines. Proceedings of Femfest International Conference on Economics, Management, and Business intends to highlight the practical implications of promoting better decision-making processes within an organization (private, public, and social) while accepting works in methodological and theoretical lines.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 61 Documents
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Toward Digital Islamic Finance Technology by Blockchain Sandiko Yudho Anggoro; Khoirul Umam
Proceedings of Femfest International Conference on Economics, Management, and Business Vol. 1 (2023): Proceedings of Femfest International Conference on Economics, Management, and Busines
Publisher : Universitas Darussalam Gontor

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Abstract

Fintech has made new achievements with IoT by developing web 3.0. This was clarified by the rise of blockchain and bitcoin in 2009, as well as the emergence of digital art assets and the procedures for transacting. However, blockchain technology's advantages that bring are weaknesses at the same time, because it creates a quandary in the established digital financial order. In this case, digital Islamic finance which is still a start-up when compared to the capitalist makes it a dilemma, how to respond to the transformations and developments of this digital financial system. For this reason, this research tries to examine and offer a blockchain-based digital economic system. This study uses an in-depth interview method with several experts and uses a bibliometric approach to achieve it. The findings from this study performance the accountability of coins as currency has a balance of positive legal ethics transparency and the probability of prohibition in digital financial transactional. Furthermore, based on accountability and transparency the blockchain system can be a solution to some weaknesses in digital finance. The main idea of blockchain technology is a ledger that functions to record, confirm, and transfer data flawlessly.
Effect of Cryptocurrency Marketplace Incentive Distribution with Burning Token Method on Halal Crypto Exchange Token Value Rendy Ardiansyah; Ibnu Khajar
Proceedings of Femfest International Conference on Economics, Management, and Business Vol. 1 (2023): Proceedings of Femfest International Conference on Economics, Management, and Busines
Publisher : Universitas Darussalam Gontor

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Abstract

At the beginning of the 21st century, one of the most in-demand technology investments was blockchain/cryptocurrency technology. Cryptocurrency usage globally has increased from 106 million in January 2021 to 295 million users in December 2021 or an increase of 178% in 2021. The world market capitalization value of cryptocurrency has increased from 787 billion dollars in January 2021 to 2.3 trillion dollars in December 2021 or an increase of 192% in 2021. In the Cryptocurrency world, one method of sharing incentives is to "burn" tokens, namely using dividend allocations to be used to buy back cryptocurrencies and reduce the supply of circulating tokens. This is different from stock investment, namely the distribution of incentives through cash. This paper aims to develop a conceptual model of the Cryptocurrency Marketplace incentive distribution model in the form of "burn" tokens against the Halal Crypto Exchange Token.
The Role of Social Media Influencers in the Cryptocurrency Market Performance Movement Ronniko Agus Frinico
Proceedings of Femfest International Conference on Economics, Management, and Business Vol. 1 (2023): Proceedings of Femfest International Conference on Economics, Management, and Busines
Publisher : Universitas Darussalam Gontor

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Abstract

During this pandemic, there are many people who just stay at home, so they think about investing in order to get additional income, one of which is investing in crypto, until finally, crypto investment becomes a trend for people in Indonesia. The pump and dump pattern known in the cryptocurrency market shows that a high market capitalization makes a project in cryptocurrency healthy and not vulnerable to market manipulation. Many factors influence the increase or decrease in the price of cryptocurrencies, although this digital currency is known to be resilient to government intervention, there are many other factors that contribute to its price volatility. One of them is famous influencers such as Elon Musk, Michael Saylor, Changpeng Zhao, and many more. These influencers often tweet on social media such as Twitter, with a single positive or negative tweet that can increase or decrease the price of cryptocurrencies such as BTC and alternative cryptocurrencies.
SAFANA (Sharia Fashion Navigator): Muslim Fashion Marketplace as a Catalyst of the Indonesian Economy through Penta Helix Method Abdullah Haidar; Putri Oktavia Rusadi
Proceedings of Femfest International Conference on Economics, Management, and Business Vol. 1 (2023): Proceedings of Femfest International Conference on Economics, Management, and Busines
Publisher : Universitas Darussalam Gontor

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Abstract

Reviewing the number of Muslim population in Indonesia which ranks first in the world and the current trend of halal lifestyle has become a paradigm for the Muslim community. In fact, halal lifestyle is one of the sub-sectors of the creative economy, where the fashion industry contributes to the growth of Indonesia's second-ranked Gross Domestic Product (GDP). Based on Focus Economy Outlook 2020 data, the creative economy contributed IDR 1,100 trillion to Indonesia's Gross Domestic Product (GDP) throughout 2020. The availability of halal lifestyle products has the potential to accelerate the growth of Muslim fashion by utilizing the potential of MSMEs in the textile sector such as convection, manufacturers fabrics, tailors, and designers through room discussion projects to produce products that are able to compete competitively in national and international markets. Based on this potential, digital innovation and creativity are needed to accelerate the growth of the creative economy. Therefore, SAFANA was designed and initiated as a marketplace platform in Indonesia to collect domestically produced Muslim fashion products to meet consumer needs for Muslim fashion products and become a catalyst for creative economic growth. The purpose of this research is to offer a marketplace-based platform that functions as a Muslim fashion navigator to accelerate the Indonesian economy through the utilization of the potential of local MSMEs, designers, communities related to Muslim fashion and various Muslim fashion brands that have become markets in the national and international arena. The use of the pentahelix method is a reference for the development of the SAFANA application to create synergies from several parties, namely ABCGM which includes A (Academic), B (Business), C (Community), G (Government) and M (Media). The opportunity from SAFANA is that the government through the Ministry of Industry is expanding the Muslim fashion export market. The methodology of this paper is a qualitative method using secondary data. The data collection technique in this study is to use a critical literature review. The data analysis technique used consisted of collection, reduction, presentation, conclusion drawing and verification. It is hoped that the presence of SAFANA will be able to increase the competitiveness of Indonesian Muslim fashion products in the national and international arena as a catalyst for the Indonesian economy.
Improving Sharia Financial Literature and Inclusion Through Sharia Bank Digital Services Elsa Tiara; Rifani Raniasati; Hendri Hermawan Adinugraha; Zulaikhah Fitri Nur Ngaisah
Proceedings of Femfest International Conference on Economics, Management, and Business Vol. 1 (2023): Proceedings of Femfest International Conference on Economics, Management, and Busines
Publisher : Universitas Darussalam Gontor

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Abstract

The presence of digital banking and financial technology has proven the importance of offering easy, simple, and convenient digital banking services. The development of digital technology has changed the way people use banking services, and Islamic banking is no exception. This can be seen from the increasing number of Islamic bank products offered through digital services to provide the best service for the community. However, in Indonesia itself, the level of literacy and inclusion of Islamic finance in society is still relatively low. The low literacy and inclusion of Islamic finance are indicators that the Islamic financial services industry is still unable to educate the Islamic economy. The purpose of this study is to analyze the strategy of Islamic banks in improving Islamic financial literacy through digital services. The research method used is descriptive qualitative. The data source is secondary data obtained through literature reviews such as books, articles, official websites, and other sources relevant to the research title. The results of this study indicate that Indonesia still has a low level of Islamic financial literacy and inclusion. This causes industry penetration to be less than optimal. Therefore, efforts are needed to develop more competitive Islamic banking products, so as to increase Islamic financial literacy and inclusion in Indonesia. These efforts are by implementing digital account administration banking services, transaction authorization banking digital services, and financial management banking digital services.
Determinant of Intention to Use Sharia Fintech Among Generation Z Akhmad Nur Zaroni; Norvadewi; Septiani
Proceedings of Femfest International Conference on Economics, Management, and Business Vol. 1 (2023): Proceedings of Femfest International Conference on Economics, Management, and Busines
Publisher : Universitas Darussalam Gontor

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Abstract

Generation Z (Gen Z) is the largest community in Indonesia. Generation Z actively uses the Internet and social media. The Internet has changed their financial behavior to be cashless and consumptive, mainly supported by the development of Fintech with various financial products and services that facilitate various transactions, investments, and fund distribution. Along with the development of the Islamic economy, Sharia fintech is also multiplying. This study aims to identify factors influencing the intention to use Sharia Fintech among generation Z in Samarinda. This study is a quantitative study with 94 respondents. Use multiple regression analysis with SPSS version 25. The results showed that knowledge and perceived ease of use influenced the intention to use Sharia Fintech. In contrast, the perceived trust did not affect the intention to use Sharia fintech in generation Z. Determination coefficient (R2) test results showed that knowledge, perceived ease of use, and perceived trust had an effect of 41.6% on the interest in using Sharia fintech in generation Z.
Customer’s Perception and Service Quality on Mobile Banking Usage Nevi Hasnita; Ana Fitria; Riza Aulia; Mira Dira Darmah
Proceedings of Femfest International Conference on Economics, Management, and Business Vol. 1 (2023): Proceedings of Femfest International Conference on Economics, Management, and Busines
Publisher : Universitas Darussalam Gontor

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The evolution of technology necessitates that banking creates an innovative and useful product for customers, such as mobile banking. This study examines the impact of perception and service quality on mobile banking usage through a quantitative methodology with a sample size of 100 respondents and the method of multiple regression analysis. Partial test results indicate that perceived benefits, perceived convenience, and service quality influence customer interest in mobile banking, however, perceived risk has no significant effect. The simultaneous test indicates that all variables have a favorable effect on client interest in mobile banking.
A Qualitative Review on Halal Food: NVivo Approach Nadia Nurul Izza; Aam Slamet Rusydiana
Proceedings of Femfest International Conference on Economics, Management, and Business Vol. 1 (2023): Proceedings of Femfest International Conference on Economics, Management, and Busines
Publisher : Universitas Darussalam Gontor

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Abstract

The State of the Global Islamic Economy Report 2019/2020 notes that global Muslim spending on food is estimated to reach $1.37 trillion in 2018, growing by 5.1% from 2017. Expenditure is expected to grow by 6.3% annually to reach $2.0 trillion by 2024. Today, the Muslim consumer market has been recognized as another important segment for cross-sectoral businesses. The increasing interest has made researchers focus on the halal food sector. This study aims to identify and map research related to the development of halal food research through reputable journals indexed by Scopus with a qualitative approach using NVivo 12 Plus software. The data analyzed consisted of 372 journals published in the last 21 years (2001-2021). This study also found that halal food chain management, formal halal certification and technology that can verify and support this certification will ensure compliance with Islamic law, generate trust among consumers, and become the main strategy for accelerating sharia economic growth.
The Impact of the Covid-19 Pandemic on Halal-Certified Culinary Micro, Small, and Medium Enterprises (MSMEs) in Welcoming Indonesian Halal Tourism in 2023 Indah Kurniawati; Beni Suhendra Winarso; Siska Lidya Revianti
Proceedings of Femfest International Conference on Economics, Management, and Business Vol. 1 (2023): Proceedings of Femfest International Conference on Economics, Management, and Busines
Publisher : Universitas Darussalam Gontor

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Abstract

The Covid 19 pandemic, which became a worldwide epidemic in early 2020, has devastated the world economy, including Indonesia. The Covid-19 pandemic affected all parts of human lives. In the business sector, not only Micro, Small, and Medium-sized Enterprises (MSMEs) but also large companies in many countries affected by the Covid-19 pandemic. This study analyzed and tested the significant differences in productivity, turnover, and utilization of digital marketing in halal-certified culinary MSMEs. The government has given great attention, followed by supporting policies encouraging MSMEs to adapt to the digital era immediately. The government launched much digital marketing training and the Sehati program (Sertifikasi Halal Gratis or Free Halal Certification) in welcoming Indonesia as Halal tourism in 2023. This study used primary data from a questionnaire given to MSMEs in the culinary field that has been certified halal. The test used the Kolmogorov Smirnov one sample normality test, and the different tests used the Wilcoxon Signed Rank Test. The results showed that productivity, business turnover, and the use of digital marketing for MSMEs in the culinary field were significantly different before and during the Covid-19 pandemic. This result showed that the Covid-19 pandemic has significantly impacted the culinary industry even though it has been certified halal due to implementing healthy protocols such as keeping a distance, avoiding crowds, and maintaining cleanliness and hygiene.
Measurement of Halal Industry (Literature Review) Muslikhati
Proceedings of Femfest International Conference on Economics, Management, and Business Vol. 1 (2023): Proceedings of Femfest International Conference on Economics, Management, and Busines
Publisher : Universitas Darussalam Gontor

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Abstract

The halal industry is part of the world's supply chain. The use of halal raw materials in the halal industry is very important because every production industry requires input from other companies at home and abroad. The availability of halal raw materials is a necessity. Research on the halal industry is increasingly being carried out. Given the awareness of various parties (especially Muslims) who make halal indicators a key in their production activities. Research on halal supply chain collections uses the keywords halal industry and measurement between 2010 and 2021. The results of the review use 39 journals in the collection according to the topics of discussion around halal supply chain, halal industry and measurement. The findings show that the existence of the halal industry is very important. This is because the theme of the halal industry is needed to answer the challenges of community needs regarding the availability of halal products as a form of obligation in Islam. But unfortunately, research on measuring the halalness of products from the halal industry has not been carried out much. This happens because the measurement indicators are still very minimal and the availability of quantitative data in the halal industry is not widely available.

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