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Mohammad Zen Nasrudin Fajri
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University of Darussalam Gontor Jl Raya Siman, Demangan, Siman, Ponorogo, East Java, Indonesia, 63471
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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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Search results for , issue "Vol. 1 (2023): Proceedings of Femfest International Conference on Economics, Management, and Busines" : 61 Documents clear
Religious Tourism of the Tomb of Syekh Maulana Syamsuddin as a Transformation of the Halal Industry in Improving the Economic Welfare of the Community of Widuri Pemalang Muhammad Maskur Musa; Siti Salamah; Rizki Fauzi; M. Aba Yazid
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 role of the tourism industry is very important in efforts to build and develop an area. Even the tourism industry in some areas can improve the area’s underdevelopment and backwardness, as well as serve as the main source of regional income. The role of the tourism industry has resulted in a beneficial impact, including the area being crowded, creating jobs, and increasing regional income, so as to be able to create prosperity for the community. This study aims to explain the religious tourism of Syekh Maulana Syamsudin’s tomb as a transformation of the halal industry in improving the economic welfare of the community. The method used in this study is field research, with the research approach being a descriptive qualitative approach. Data collection techniques using observation, interviews, and documentation The results of his research show that the tomb of Syekh Maualana Syamsudin has become a site of religious tourism that is already well-known in Pemalang and the surrounding communities. Many people from Pemalang itself and people from outside the city come to make pilgrimages. so that the pilgrimage to the tomb of Syekh Maualana Syamsudin has become a tradition or habit for people from various regions. Moreover, the tomb of Syekh Maualana Syamsudin is very close to the widuri beach, so people not only make pilgrimages but also visit the beach. With so many people coming to the tomb for pilgrimages, as well as doing tours to this widuri beach, it provides an opportunity for the Pemalang community, especially those close to the tomb and beach areas, to open a business, namely selling food, clothing, or other accessories. This makes the Pemalang widuri community feel very helped by their economy, so that the economic welfare of the Pemalang widuri community can increase in their daily lives.
The Relationship Between Intellectual Property and Economic Development from An Islamic Perspective Faten Shahin; Zurina Kefeli
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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This article aims to study the relationship between the components of intellectual property, which includes the trademark and patent, and economic development from the Islamic perspective. The article showed that the trademark distinguishes economic goods and services, showing that the Islamic religion is concerned with preserving the rights of owning goods. The Islamic religion emphasized the exclusive rights of goods that owned by merchants by distinguishing them with a trademark that guarantees the rights of its owner. The article also shows solid legal evidence for distinguishing goods and services, which is equivalent in this era to the legal registration of a trademark. The aim of the Islamic religion was to encourage fair economic competition, develop economic sectors, and encourage research and development. The study also showed the interest of the Islamic religion in patents and innovation. The Islamic religion is the religion of balance and creativity which emphasized the need to develop innovation through the presence of legal evidence in the Qur’an and Sunnah. The Islamic religion also showed that inventions are a main pillar in encouraging investment and building the Islamic economy, through the innovation of goods and services that serve society. In this article, the researcher used the descriptive method to study the relationship between intellectual property and economic development from an Islamic perspective. The results proved the interest of the Islamic religion in intellectual property in the giving the owners their rights and the prohibition of attacking it by non-owners. The Islamic religion, through its legislation in the Qur’an and Sunnah, encouraged the construction of intellectual property as a prerequisite for the development of the economy.
Analysis of the Role of Islamic Microfinance Institutions in the Development of MSMEs in Indonesia Niken Baramurti Evieta Enggar Sandy
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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Micro, Small and Medium Enterprises (MSMEs) in Indonesia are one of the instruments that can increase economic growth. With the importance of the function of MSMEs, MSMEs in Indonesia should receive support so that they can grow and develop. This paper examines the influence of Islamic Microfinance in creating innovative sustainable financing models for MSMEs in Indonesia. The discussion in this paper offers innovations in sustainable financing and capital models carried out by Islamic Microfinance Institutions (LKMS) for increasing MSMEs in Indonesia. This research uses the descriptive qualitative method. The results of this study indicate that sustainable financing initiated by LKMS has a significant role in increasing MSMEs in Indonesia. Where this will also help increase state income through MSMEs and help alleviate poverty in Indonesia
The Impact of Islamic Monetary Instruments on the MSMEs Financing in Indonesia Mohammad Zen Nasrudin Fajri; Nahdiyah Istiqomah
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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As a monetary authority, Bank Indonesia prioritizes open market operations as one of its policies in influencing financial stability. In open market operations, business actors use SBI and PUAB short-term financial instruments in conventional banking and SBIS and PUAS in Islamic banking. Both of these instruments have a role in transmitting monetary policy to the real sector. Monetary transmission can occur through credit lines and MSME financing. This study aims to analyze the effect of sharia monetary instruments on channeling funds to the MSME sector. The data used in this study comes from Bank Indonesia and OJK for the period January 2012 to December 2021. Data analysis uses the VAR/VECM model, the Impulse Response Function (IRF) technique and the Forecast Error Variance Decomposition (FEVD). The results of the analysis show that the SBIS and PLS variables have a significant effect on MSMEs financing. Meanwhile, the PUAS variable has no significant effect on MSMEs financing channel. Based on the FEVD results, the variables of sharia instruments contributed to the MSME variable by 45.67%, while for the MSME financing variable, the financing distribution itself was 54.33%.
The Role of Micro Entrepreneurship in Poverty Alleviation for Refugees in Turkey Olfat Aldalou; Abdalrahman Migdad
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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Considering recent global economic and environmental crises following the Syrian war and the influx of large numbers of displaced people to Turkey, and with the rise in poverty and the difficulty of life, many small projects were undertaken to alleviate poverty and provide a means of subsistence. Micro entrepreneurs offer job opportunities to people, especially those with low incomes, and provide more goods and services to the public. The study aims to investigate the impact of micro-entrepreneurship on poverty alleviation and highlight the most significant obstacles facing owners of small-scale projects and solutions to enhance their effective impact. The data was collected through 113 questionnaires to micro-business owners through the random sampling method. The results showed that the projects improve the living conditions for individuals and have a positive impact on economic recovery despite the obstacles and restrictions imposed considering the deteriorating economic situation.
Grand Design of Village-Based Islamic Economic Development Planning in an Effort to Achieve Sustainable Development of Indonesia Gold 2045 in Ngancar village, Plaosan district, Magetan Regency Kusnul Ciptanila Yuni K; Mohamad Nur Efendi; Athi’ Hidayati
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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Welcoming the rise of Indonesia's golden generation in 2045, it is necessary to develop a populist economy in a future perspective, namely creating a quality, advanced, independent and modern Indonesian society, as well as increasing the nation's dignity. The success of the village through Ngancar village, Plaosan District, Magetan Regency in developing the economy will make a major contribution to achieving overall national development goals. This research is a field research with a qualitative approach. Sources of data in this study using secondary data derived from books and relevant research results. The findings of this study basically want to explore the practices of Ngancar village in the areas of food security, local economy, utilization of renewable energy, education, sanitation/health, use of information technology, and democratic involvement. The purpose of this research is to analyze the possibility of community-based economy (populist economy) implementation in Malang district to achieve sustainable economic development. In this research, there are four design stages based on the populist economy: first, mapping of leading economic sectors in Malang Regency. Second, mapping the socio-political conditions surrounding the community. Third, identify the existing institutional arrangements. Fourth, designing an appropriate form of partnership to accommodate the common interests of the government, private sector and the community in the perspective of As-Syatibi Islamic economic development.
Location Choice of Distribution Center for Freshfood E-Commerce by the Approaching of Spatial Center of Gravity Method and Implementation of Halal Logistics Standard MS2400 (Case Study of Fresh Food Delivery to JABODETABEK) Muhammad Lutfi Siregar Siregar; Afuan Zahradika
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 purpose of this research is trying to solve problems by various logistics parties in delivering fresh food (freshfood e-commerce) such as the high of shipping costs and the difficulty of maintaining the quality of fresh products because the value of these products will decrease exponentially after harvest. Implementation for strategy of grouping goods at distribution center in an optimal location as a transit center will result the reduction costs in the shipping process. The Center of Gravity (CoG) method is applied to measure the optimal point of the distribution location but this model does not consider regional spatial effects such as the effects of congestion, natural disasters, topography, economy, and security, therefore a spatial approach was added in the application of the Center of Gravity method (CoG) to reduce the spatial effects. The application of MS2400 as one of the best halal logistics standards is also applied to make standard procedures and layout designs to prevent decreasing in the quality of the products. The results of implementation the CoG method by using spatial approach found several recommendations for latitude and longitude points for distribution locations based on 5 delivery zones, such as Zone DC 1 Tangerang (-6.28010, 106.6684), Zone DC 2 Jakarta (6.16544, 106.7465), Zone DC 3 Jakarta (-6.276778, 106.8042), Zone DC 4 Bogor (-6.503629, 106.8340), and Zone DC 5 Bekasi (-6.27263, 107.19930). However, it was found that the usage of the CoG method with a spatial approach was not so significant in reducing spatial problems when it was compared to the classical CoG model. The implementation of the MS2400 standard requires several additional facilities such as temperature determination, a special medical checkup room, a prayer room, a cleaning facility room, a hygienic toilet room, a vehicle break room, and a room for separating damaged products.
Exploring The Challenges of Disabled Entrepreneurs: A Literature Study Muhammad Firdaus bin Muhammad Sabri; Salina Mohammed Rashid; Suhaila binti Nadzri
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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Self-employment or engaging in the world of entrepreneurship is a traditional career for people with disabilities (PWDs) to earn a living due to the difficulty of finding job. In the current scenario, there are many studies related to disabled entrepreneurs that have been conducted. However, components that related to the entrepreneurial challenges faced by this group is still new and needs to be studied in depth. Identifying key challenges is important for entrepreneurs with disabilities to enable them to strategize, set priorities and identify support systems that can help them survive. In relation to that, the purpose of this article is to discuss the anticipated challenges from previous studies related to entrepreneurship among PWDs. Several articles were selected and analysed from two databases; namely Scopus and Google Scholar. The data obtained are grouped into a thematic form. The data obtained was categorized into two types, namely external challenges and internal challenges. Based on the findings of this article, there are two main factors related to the challenges of entrepreneurship with the disabled, which are internal factors and external factors. The internal factors are divided into two, namely personal factors and self-resilience. While the external factors that give challenges to entrepreneurs with disabilities are divided into three, namely discrimination, financial factors and the environment. This article is expected to be able to contribute to government policy, especially for interested parties to find alternatives in increasing the involvement of this group in entrepreneurial activities. It is also suggested that the government improve the existing support system so that these disabled etrepreneurs can be competitive and lessen the problems that they face.
Analysis of Sharia Business Strategy Implementation in the Batik Industry (Case study Batik in Pekalongan) Hilya Diniya; Nia Amellia; Kamelia Elima’ana Mafudloh
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 research aims to explore the marketing strategy of Pekalongan Batik Entrepreneurs with this type of research through literature and field studies that are qualitative in nature. Collection techniques using interviews, observation and documentation. The results of the study can be concluded that Pekalongan Batik Entrepreneurs have carried out a marketing mix marketing strategy. They produce a variety of batik. The methods used are payment in cash and on time, distribution to the market, opening a batik shop. The market coverage ranges from within the city, outside the city, to outside Java. They use promotions with direct sales and utilize social media technology. Batik entrepreneurs in general have applied the principles of sharia marketing mix. As for those who haven't perfected sharia principles, such as using an interest-based paylater in the payment method. In addition, there are still entrepreneurs who dispose of batik waste water directly into waterways and rivers before being processed first. The strength possessed by batik entrepreneurs in Pekalongan is that they are able to produce batik products with various types, motifs and patterns. While the weaknesses are inadequate production sites, limited capital, incompetent workforce in production, and distribution costs which are still very high for consumers who are outside the city. The opportunity for Pekalongan Batik entrepreneurs is to maximize existing technology. While the threats are raw materials which tend to rise but the selling price is getting lower and the competition of batik entrepreneurs.
How to Improve Reseller Performance? The Role of Maslahah Brand Resonance Any Setyarini; Mohamad Sodikin; Nuswantoro
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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Brand resonance is the highest level in Customer-Based Brand Equity (CBBE). Customer-Based Brand Equity is the differential effect of consumers on brand understanding that arises from experience with the brand. Meanwhile, brand resonance is the degree of relationship that consumers feel to a particular brand. Brand resonance is seen at the level of the psychological relationship between the customer and the brand, and the actions that result from loyalty. The study of brand resonance is still limited to profitable aspects and for its own sake, so there is no benefit for profit hereafter. This study proposes the concept of maslahah brand resonance as a new concept that has characteristics and dimensions of maslahah that are beneficial for business and profits in the hereafter, so that the orientation of the achievement is not only in the world but also in building a direct relationship with Allah SWT. This research is based on the view that consumers who are religious, hold fast to their religious beliefs will affect their consumption behavior. The theoretical contribution of this new concept is in the development of branding theory so that it has a wider scope. The managerial implication is that SME managers can apply brand resonance problems as an effort to build reseller performance improvements.

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