The Performance of Financial Institutions and Internal Control System A Case ...ijtsrd
The study was all about internal control systems and the performance of financial institutions of GT Bank, Kigali, Rwanda 2016 2020 .Methodology of the study based on explanatory research design the population of this study was 105 of employees of GT Bank Rwanda, which was used as sample size using universal sampling method to gather information from respondents. The study used descriptive and inferential statistics. Findings on the effect of control activities on financial performance of GT Bank Rwanda were presented on Table 4.9 indicates the value of R square in this study is 87.3 means that the proportion of financial performance as dependent variable is explained by the independent variables control activities at 87.3 . This indicates that the model is very strong, as the independent variable very highly explain the dependent variable. The adjusted R square is used to compensate for additional variable in the model. In this case, the adjusted R square is 87.2 . Findings on the effect of risk assessment on financial performance of GTBank Rwanda were presented on Table 4.12 show the value of R square in this study is 61.1 means that the proportion of financial performance dependent variable is explained by the independent variables Risk assessment at 61.1 . This indicated that the model was strong, as the independent variable highly explain the dependent variable. The adjusted R square was used to compensate for additional variable in the model. In this case, the adjusted R square is 60.8 . Findings on the effect of control environment on financial performance of banking institutions in Rwanda confirmed on table 4.15 present the value of R square in this study was 51.1 means that the proportion of financial performance dependent variable is explained by the independent variables Control environment at 51.1 . Dr. Vidhya K | Dr. Neelam Maurya | Dr. Umamaheswari K "The Performance of Financial Institutions & Internal Control System - A Case Study of Guaranty Trust Bank, Kigali Rwanda" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-4 , June 2022, URL: https://www.ijtsrd.com/papers/ijtsrd50323.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/50323/the-performance-of-financial-institutions-and-internal-control-system--a-case-study-of-guaranty-trust-bank-kigali-rwanda/dr-vidhya-k
Services Offered and Sustainable Development Program by the LifeBank Microfin...IJAEMSJORNAL
This paper explored the integration of automated solutions, such as Audit Process/Project Management Software, as a cornerstone of global innovation and digital upskilling to modernize internal audit operations. It delves into how these automated solutions can enhance internal audit efficiency and elevate its organizational value on a large scale. Also, the disadvantages of using this system were studied. Respondents strongly affirm the significance of automated workflows, real-time audit dashboards, centralized audit libraries, defined audit universes, and tracking engagement resources, costs, and timesheets in automated audit project management. Furthermore, the benefits of technology, specifically an Audit Management System, are explored in depth. The respondents express strong agreement on advantages such as heightened productivity, real-time supervisory review, a secure centralized platform for audit projects, expanded audit coverage, and improved collaboration among team members. However, the research also delves into the challenges associated with automation adoption in internal audits, revealing unanimous concerns about high investment costs, management buy-in hurdles, and the necessity for frequent updates and customization. These findings contribute valuable insights for organizations navigating the integration of technology into internal audit processes, balancing benefits with potential drawbacks.
The family relationship and the place of people living with HIV virus in thei...AkashSharma618775
Acquired Immuno Deficiency Syndrom (AIDS) is caused by Human immunodeficiency virus (HIV) is still
one of the diseases causing serious consequences for people living with HIV and their families as well as
Vietnamese society. People living with HIV want to be eligible to develop and assert themselves in society, first of
all, they must have the family's support. The relationship between people living with HIV and their place in the
family is one of the important factors that support them in the process of social integration.
Colleagues Response Respond to one of your colleagues’ posts and expWilheminaRossi174
Colleagues Response Respond to one of your colleagues’ posts and explain how your colleague’s codes are similar or different than yours.Be sure to support your main post and response post with reference to the week’s Learning Resources and other scholarly evidence in APA style.
Tanya Nordhaus
I coded Isaac's Scholar of Change video this way because it seems a natural way to divide the two topics of the video. Isaac stressed his ability to be a scholar of change, so this seemed like a natural code. The way he is affecting change is by way of teaching the viewers that special needs children have needs, too, like the need to be treated like normal children.
I chose Benjamin Isaac’s Scholar of Change video (2016). Isaac is a doctoral student studying special education. He created an educational cartoon for children that features three child actors as cartoon bugs. The first bug, Skeeter, is voiced by two children with autism. The second bug, Buzz, is voiced by his son, who has ADHD. The third bug, Gigi, is voiced by his daughter, who has cerebral palsy. The idea behind the video is to show children that children with special needs are normal.
I uncovered two significant codes. I am calling the first one “special needs children’s needs.” The three quotes fitting for this code are:
1. Students with special learning needs who feel good about themselves perform better academically than those with low self-concept.
2. Show children with special needs in a very normal light.”⁸
3. The children will merely be who they are.
The second code is “positive social change through education,” which is a quote from the transcript that I would include under this code. Other fitting quotes would be:
I am attempting to effect social change with the help of a few very special friends of mine.
The education I am receiving from Walden University will serve to provide research-based teaching strategies and information about students with special learning needs that will be incorporated into the show’s production and shared with the viewers.
I intend to leverage the power of teaching in technology.
It is my hope that the characters will serve to inspire, influence, and impact all children with special needs.
It is my goal to show the world that students with special needs are just that, special, blessed with differences that force them to interact with the world differently because they view it from a different perspective.
4. The potential to educate the world about the true nature of children with special needs. Whereas I found the coding to be quite obvious in the Topper Scholar of Change video, I found Isaac’s video to be a bit more challenging.ReferencesIsaac, B. (2016). Scholars of Change – Benjamin Isaac. [video file]
R E V I E W
Risk Management in Executive Levels of Healthcare
Organizations: Insights from a Scoping Review (2018)
This article was published in the following Dove Press journal:
Risk Management and Health ...
The Performance of Financial Institutions and Internal Control System A Case ...ijtsrd
The study was all about internal control systems and the performance of financial institutions of GT Bank, Kigali, Rwanda 2016 2020 .Methodology of the study based on explanatory research design the population of this study was 105 of employees of GT Bank Rwanda, which was used as sample size using universal sampling method to gather information from respondents. The study used descriptive and inferential statistics. Findings on the effect of control activities on financial performance of GT Bank Rwanda were presented on Table 4.9 indicates the value of R square in this study is 87.3 means that the proportion of financial performance as dependent variable is explained by the independent variables control activities at 87.3 . This indicates that the model is very strong, as the independent variable very highly explain the dependent variable. The adjusted R square is used to compensate for additional variable in the model. In this case, the adjusted R square is 87.2 . Findings on the effect of risk assessment on financial performance of GTBank Rwanda were presented on Table 4.12 show the value of R square in this study is 61.1 means that the proportion of financial performance dependent variable is explained by the independent variables Risk assessment at 61.1 . This indicated that the model was strong, as the independent variable highly explain the dependent variable. The adjusted R square was used to compensate for additional variable in the model. In this case, the adjusted R square is 60.8 . Findings on the effect of control environment on financial performance of banking institutions in Rwanda confirmed on table 4.15 present the value of R square in this study was 51.1 means that the proportion of financial performance dependent variable is explained by the independent variables Control environment at 51.1 . Dr. Vidhya K | Dr. Neelam Maurya | Dr. Umamaheswari K "The Performance of Financial Institutions & Internal Control System - A Case Study of Guaranty Trust Bank, Kigali Rwanda" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-4 , June 2022, URL: https://www.ijtsrd.com/papers/ijtsrd50323.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/50323/the-performance-of-financial-institutions-and-internal-control-system--a-case-study-of-guaranty-trust-bank-kigali-rwanda/dr-vidhya-k
Services Offered and Sustainable Development Program by the LifeBank Microfin...IJAEMSJORNAL
This paper explored the integration of automated solutions, such as Audit Process/Project Management Software, as a cornerstone of global innovation and digital upskilling to modernize internal audit operations. It delves into how these automated solutions can enhance internal audit efficiency and elevate its organizational value on a large scale. Also, the disadvantages of using this system were studied. Respondents strongly affirm the significance of automated workflows, real-time audit dashboards, centralized audit libraries, defined audit universes, and tracking engagement resources, costs, and timesheets in automated audit project management. Furthermore, the benefits of technology, specifically an Audit Management System, are explored in depth. The respondents express strong agreement on advantages such as heightened productivity, real-time supervisory review, a secure centralized platform for audit projects, expanded audit coverage, and improved collaboration among team members. However, the research also delves into the challenges associated with automation adoption in internal audits, revealing unanimous concerns about high investment costs, management buy-in hurdles, and the necessity for frequent updates and customization. These findings contribute valuable insights for organizations navigating the integration of technology into internal audit processes, balancing benefits with potential drawbacks.
The family relationship and the place of people living with HIV virus in thei...AkashSharma618775
Acquired Immuno Deficiency Syndrom (AIDS) is caused by Human immunodeficiency virus (HIV) is still
one of the diseases causing serious consequences for people living with HIV and their families as well as
Vietnamese society. People living with HIV want to be eligible to develop and assert themselves in society, first of
all, they must have the family's support. The relationship between people living with HIV and their place in the
family is one of the important factors that support them in the process of social integration.
Colleagues Response Respond to one of your colleagues’ posts and expWilheminaRossi174
Colleagues Response Respond to one of your colleagues’ posts and explain how your colleague’s codes are similar or different than yours.Be sure to support your main post and response post with reference to the week’s Learning Resources and other scholarly evidence in APA style.
Tanya Nordhaus
I coded Isaac's Scholar of Change video this way because it seems a natural way to divide the two topics of the video. Isaac stressed his ability to be a scholar of change, so this seemed like a natural code. The way he is affecting change is by way of teaching the viewers that special needs children have needs, too, like the need to be treated like normal children.
I chose Benjamin Isaac’s Scholar of Change video (2016). Isaac is a doctoral student studying special education. He created an educational cartoon for children that features three child actors as cartoon bugs. The first bug, Skeeter, is voiced by two children with autism. The second bug, Buzz, is voiced by his son, who has ADHD. The third bug, Gigi, is voiced by his daughter, who has cerebral palsy. The idea behind the video is to show children that children with special needs are normal.
I uncovered two significant codes. I am calling the first one “special needs children’s needs.” The three quotes fitting for this code are:
1. Students with special learning needs who feel good about themselves perform better academically than those with low self-concept.
2. Show children with special needs in a very normal light.”⁸
3. The children will merely be who they are.
The second code is “positive social change through education,” which is a quote from the transcript that I would include under this code. Other fitting quotes would be:
I am attempting to effect social change with the help of a few very special friends of mine.
The education I am receiving from Walden University will serve to provide research-based teaching strategies and information about students with special learning needs that will be incorporated into the show’s production and shared with the viewers.
I intend to leverage the power of teaching in technology.
It is my hope that the characters will serve to inspire, influence, and impact all children with special needs.
It is my goal to show the world that students with special needs are just that, special, blessed with differences that force them to interact with the world differently because they view it from a different perspective.
4. The potential to educate the world about the true nature of children with special needs. Whereas I found the coding to be quite obvious in the Topper Scholar of Change video, I found Isaac’s video to be a bit more challenging.ReferencesIsaac, B. (2016). Scholars of Change – Benjamin Isaac. [video file]
R E V I E W
Risk Management in Executive Levels of Healthcare
Organizations: Insights from a Scoping Review (2018)
This article was published in the following Dove Press journal:
Risk Management and Health ...
A Study of Determinants Influencing Financial Literacy of Individual Investor...RSIS International
Investment scenario is changing very fast and financial
literacy impacts financial decisions of individual investors. The
present study is exploratory in nature and determines the factor
that affects financial literacy and how they affect decision
making. The sample consist of 649 individual investors to obtain
information through structured questionnaire from various
parts of India The result indicated that there are seven most
influencing factors of financial literacy that affects investor
decision making are: Attitude, Knowledge, Budgeting Habits,
liquidity, self analytical skills, Emotional Inclination and Goal
Planning. This study will help to determine strategies which will
help to improve financial literacy of an individual investors.
The Role of Social Capital in Enhancing Competitive Advantageinventionjournals
The present study aims to examine the impact of internal social capital on competitive advantage at Jordanian banks. The study's sample consists of (480) employees that will help answering the study's questions and hypotheses; besides, the researcher developed a questionnaire for the detection of social capital dimensions (relational social capital, cognitive social capital and structural social capital) and the level of competitive advantage. The most important findings and conclusions of the research are: The arithmetic mean of the estimates of employees at Jordanian banks towards social capital dimensions were high. The arithmetic mean of the estimates of employees at Jordanian banks towards competitive advantage were moderate. Regression results indicates that there is statistically significant effect for social capital on competitive advantage at Jordanian banks. Besides, Structural social dimension influence came first concerning the size of the effect.
Scope and Determinant of Career Preferences for Accounting Student at Udayana...AJHSSR Journal
ABSTRACT :The accounting world poses broad career preferences as the times go, attracting students to
major in this field. The wide options of career preferences in accounting field have provided the students various
career preferences based on their wishes and skills. Adequate insight and information into accounting career
preferences will help the students determine the correct accounting career for themselves. This study sought to
describe the career preferences of undergraduate accounting students of batch 2018 and 2019 at Faculty of
Economics and Business, Udayana University. A descriptive cross-sectional method was used on this study. The
data were obtained as the results of the questionnaire administered to the samples meeting the inclusion criteria.
The number of samples involved in this study amounted to 143 students, of which 71 students of the 2018 batch
and 72 students of the 2019 batch. The results of the study revealed that 114 students (79.8%) chose an
accountant career and 29 students (20.2%) choose a non-accountant career. Furthermore, a total of 41 students
(35.9%) chose to become internal accountants, 46 students (40.3%) chose to become public accountants, 23
students (20.2%) chose to become government accountants, and 4 students (3.5%) chose to become educator
accountants. The career preferences were driven by intrinsic motivation, extrinsic motivation, career exposure,
and gender issues.
KEYWORDS -career preferences, accounting students, accounting careers, Faculty of Economics and
Business, Udayana University
Bangladesh is one of the fastest growing economies among the countries with similar nature. The country has made a notable progress during the MDG era despite several political and environmental challenges. At the end of MDG a new era has just begun with much more diversified targets called Sustainable Development Goals (SDGs). SDG is a transformative, universal agenda with an overarching imperative of ‘leaving no one behind’ and requires each country to commit to her own agenda and priorities with a monitoring and reporting mechanism. At the same time the SDG also puts massive challenges to all countries to ensure financing and effective implementation by incorporating SDG in to the national policies. This document tries to identify what important role Bangladesh Parliament, as the supreme law making and oversight body of the executives, can play to i) identify national priorities for the country and ii) ensure effective monitoring and implementation of these global targets. The SDG has just begun as well as many analysis and activities of the world community.
Designing a Knowledge Strategy Model for Iranian Public Organizations: A Stud...IOSR Journals
The present paper raises these questions that how is the state of knowledge strategy in Iran’s public organizations now (Electricity Industry) and how should be the state of knowledge strategy in Iran’s public organizations (Electricity Industry) until horizon 2025 and also what is the combination of optimal knowledge strategies to fill the knowledge gaps in the Iran’s public organizations (Electricity Industry). The purpose of these questions is to identify and explain knowledge strategies and also make strategic change in the current knowledge management in public organizations in order to fill the gap between the perceived situation of perspective horizon and current situation of knowledge management proportional to prevailing conditions in public organizations. In order to determine the knowledge strategies in public organizations, at first the main assumptions of knowledge strategy design in both areas of internal environment and external environment were considered and by using Fuzzy Delphi method, opportunities, threats, strengths and weaknesses of knowledge were identified and then knowledge strategies were identified by using the experts opinion and prioritized by technique of Network Analysis. Statistical population of this study is public organizations in Electricity Industry that 137 samples were selected randomly and by using questionnaires with help of Gap Analysis, the difference between current and desired situation was identified. According to the Gap Analysis that is done in four axes of knowledge strategy, some actions are proposed in the form of Forty-nine solutions to improve the current situation and reduce the gap.
Sustainable Leadership Competency Model Leading To Business Growth and Develo...inventionjournals
This study identified a sustainable leadership competency model leading to business growth and development for developing healthcare executives in Kolkata, India based on the Healthcare Leadership (HL) Model. Eleven chief executive officers and chief medical officers were interviewed. They considered 86% of the Healthcare Leadership (HL) competencies as very important or vital and perceived a gap in the performance of these competencies. They also identified additional vital competencies beyond the scope of the model. Participants also reported that leadership development and succession planning programs were lacking. Recommendations are to design a leadership development program using the HL model as a framework and further customizing the approach as per the organization’s unique mission, vision, strategy, values, and circumstances. The HL is offered as a general strategy for leader development that could be useful in the growth and development of Indian private healthcare industry, based on some “best practices” in the design and implementation of the leadership programs.
this group assignment is covering the following topics:
1. Applied research study on Pakistan based business
2. Gallup’s procedure of poll conduct
3. International Communications Research, note on its services on problem definition process.
4. six stages of problem definition process (based on your own business idea)
Online payment portals are a powerful tool that makes our life simple and gives the luxury to make all required payment transactions around any part of the World. The advancement of internet and logistics systems, now it is possible for anybody to shop any product around the world and get it shipped to his\her. The main objectives are to study the problems faced through the online payment system. To study the factors influencing the online payment system.
An Analysis of Impact of Human Capital Investment on Demographic Characterist...inventionjournals
The demographic features of the 2011census of India have revealed that India is the second largest country next to China in terms of working age population (25 - 50 years) in the world. It has been known that the country’s economic growth is based on both natural and human resources available in the country. Still, there are more avenues for effective and efficient use of labour-productivity in this age group. It is well conceived by the theory that the human resources are the biggest contributor of economic growth which is augmented by a process of human capital formation. Of late, health and education have been viewed as the two dimensions of human capital which are treated as an indicator of social welfare. The variations in health status of different age groups in market and non-market labour productivities are still prevalent in many developing countries. The low health status persons contribute less to human capital formation than of others (Behrman and Deolalikar, 1988). According to them, “Health is a state of complete physical, mental and social wellbeing and not merely the absence of disease or infirmity”. Therefore, it cannot be purchased by the consumers in the market as we do for other goods and services in the market. On the other hand, it can be produced by spending time upon health improving activities, as well as, purchasing medical inputs (Grossman M., 1972). Behrman has pointed out that there is an inverse relationship between low health status and human capital formation. Therefore, the economists have focused their attention to study the determinants and impact of health status on economic growth. The present study attempts to analyse the human capital investment and its impact of socio- economic status on human resources (HR) in Chennai district, Tamil Nadu. To aid our research effort, an extensive literature has also been reviewed in an attempt to answer various queries raised. On the basis of the statement of problems, the research questionnaires have been canvassed among the respondents to obtain the information. This study is based on databases obtained both from primary and secondary sources. The information through primary sources has been collected with the help of interview schedule. The secondary data on Human Capital Investment and the Impact of Socio- Economic Status on Human Resources have been collected from various sources in Chennai City. In the health sector, this study focuses its attention to reporting illness, amount spent, days lost. Some of the opted econometric techniques have been used to examine the objectives of the study. Our empirical strategy has applied the following tools of analysis. The statistical tools like OLS, PROBIT and LOGIT techniques are used to analyze the indicator ‘selfreported illnesses. And, ‘Health expenditure’ and ‘number of days lost’ are estimated by OLS and TOBIT techniques, besides by applying correlation, regression analysis.
Reconfiguring Cooperation Mechanism and Survival of Deposit Money Banks in So...AJHSSR Journal
ABSTRACT: This study examined the relationship between reconfiguring cooperation mechanism and
survival of Deposit Money Banks in South-South, Nigeria. The study adopted the cross-sectional research
survey design. The population for this study was twenty-two deposit money banks registered in Nigeria and
operating in South–South. Primary data was generated through structured questionnaire. Census sampling was
adopted because our population of study was not large. Hence, the entire population of 22 Deposit Money Banks
was adopted as a census. However, the total respondents for this study were 154 Regional/Zonal Managers of
the twenty-two Deposit Money Banks in South-South, Nigeria. The research instrument was validated by
supervisors’ vetting and approval while the reliability of the instrument was achieved by the use of the Cronbach
Alpha coefficient with all the items scoring above 0.70. The hypotheses were tested using the Spearman’s Rank
Order Correlation while the partial correlation was used to test the moderating effect of nature of the
environment. The tests were carried out at a 0.05 significance level. Findings study showed that there is a
significant relationship between reconfiguring cooperation mechanism and survival of deposit money banks in
South-South, Nigeria. Therefore, this study concludes the survival of Deposit Money Banks in South-South,
Nigeria is well enhanced though reconfiguring cooperation mechanism. Hence the study recommends that
Deposit Money Banks should strive to get new knowledge, skills, markets and distribution channels from new
partners and new cooperation mechanisms because this will reduce its product development risks and
investments, and increase the benefit of new products.
KEYWORDS: Agility, Flexibility, Reconfiguring Cooperation Mechanism, Resourcefulness, Survival
Causes and Identification of Employees’ Politics and its Impact on Performanc...Avinash Advani
This is International Publication which is presented on causes and identification of employees’ politics and its impact on performance of Banking Industry in Pakistan. Here researcher emphasizes on language and caste, experience and position, cultural animosity, religious lobbies, gender discrimination and referral employment. As employees’ politics plays an essential role for an organization and it exists in almost every organization so its impact on the whole workforce can be identified in this research particularly in the UBL, Askari Bank Limited, ABL and generally in Pakistan banking industry. Authoritative power is a major factor that cannot be rejected in any organization and it is key force of any industry. This research is based on the quantitative research. The primary data has been gathered through survey method. Descriptive statistics is used and seven hypotheses are tested. Sample is gathered through simple random sampling method out of target population of 160. The findings entails that there should be focused on Standardize Human Resource Management (right person should be posted to the job, bracing courses, conducting orientation on emerging banking and problem solving). Further administration should conduct the meetings with employees and resolve their problems and also there should be transparency and merit system observed in all matters.
A Study of Performance Appraisal and Dimensions of Organizational climate in ...paperpublications3
Abstract: The business organizations are attaching great importance to human resource because human resources are the biggest source of competitive advantage and have the capability of converting all the other resources in to product / service. The effective performance of this human resource depends on the type of HRD climate that prevails in the organization, if it is good the employee’s performance will be high but if it is average or poor than the performance will be low. The study of performance appraisal and HRD climate is very important for all the organization and the banking sector is not an exception, especially in the present situation of financial recession. The present study is an attempt to find out the importance of performance appraisal and the types of HRD climate that is prevailing in ICICI Bank and Punjab National Bank. The Researcher has also tried to find out the difference in the perception of the employees regarding performance appraisal and HRD climate on the basis of age, qualification and work experience. The researcher collected the data from the employees of the officer cadre of ICICI Bank and Punjab National Bank through a structured questionnaire. The data were analyzed using several statistical tools such as Chi-square test, Z test, Percentage, T test. The result shown that the HRD climate in ICICI Bank is better than the Punjab National Bank. The perception of the employees regarding appraisal system helps in identifying training needs do not differs significantly on the basis of work experience but it differs significantly on the basis of age and qualifications .The perception of the employees regarding kinds of appraisal preferred do not differs significantly on the basis of age and work experience but it differs significantly on the basis of qualifications.
A Study of Determinants Influencing Financial Literacy of Individual Investor...RSIS International
Investment scenario is changing very fast and financial
literacy impacts financial decisions of individual investors. The
present study is exploratory in nature and determines the factor
that affects financial literacy and how they affect decision
making. The sample consist of 649 individual investors to obtain
information through structured questionnaire from various
parts of India The result indicated that there are seven most
influencing factors of financial literacy that affects investor
decision making are: Attitude, Knowledge, Budgeting Habits,
liquidity, self analytical skills, Emotional Inclination and Goal
Planning. This study will help to determine strategies which will
help to improve financial literacy of an individual investors.
The Role of Social Capital in Enhancing Competitive Advantageinventionjournals
The present study aims to examine the impact of internal social capital on competitive advantage at Jordanian banks. The study's sample consists of (480) employees that will help answering the study's questions and hypotheses; besides, the researcher developed a questionnaire for the detection of social capital dimensions (relational social capital, cognitive social capital and structural social capital) and the level of competitive advantage. The most important findings and conclusions of the research are: The arithmetic mean of the estimates of employees at Jordanian banks towards social capital dimensions were high. The arithmetic mean of the estimates of employees at Jordanian banks towards competitive advantage were moderate. Regression results indicates that there is statistically significant effect for social capital on competitive advantage at Jordanian banks. Besides, Structural social dimension influence came first concerning the size of the effect.
Scope and Determinant of Career Preferences for Accounting Student at Udayana...AJHSSR Journal
ABSTRACT :The accounting world poses broad career preferences as the times go, attracting students to
major in this field. The wide options of career preferences in accounting field have provided the students various
career preferences based on their wishes and skills. Adequate insight and information into accounting career
preferences will help the students determine the correct accounting career for themselves. This study sought to
describe the career preferences of undergraduate accounting students of batch 2018 and 2019 at Faculty of
Economics and Business, Udayana University. A descriptive cross-sectional method was used on this study. The
data were obtained as the results of the questionnaire administered to the samples meeting the inclusion criteria.
The number of samples involved in this study amounted to 143 students, of which 71 students of the 2018 batch
and 72 students of the 2019 batch. The results of the study revealed that 114 students (79.8%) chose an
accountant career and 29 students (20.2%) choose a non-accountant career. Furthermore, a total of 41 students
(35.9%) chose to become internal accountants, 46 students (40.3%) chose to become public accountants, 23
students (20.2%) chose to become government accountants, and 4 students (3.5%) chose to become educator
accountants. The career preferences were driven by intrinsic motivation, extrinsic motivation, career exposure,
and gender issues.
KEYWORDS -career preferences, accounting students, accounting careers, Faculty of Economics and
Business, Udayana University
Bangladesh is one of the fastest growing economies among the countries with similar nature. The country has made a notable progress during the MDG era despite several political and environmental challenges. At the end of MDG a new era has just begun with much more diversified targets called Sustainable Development Goals (SDGs). SDG is a transformative, universal agenda with an overarching imperative of ‘leaving no one behind’ and requires each country to commit to her own agenda and priorities with a monitoring and reporting mechanism. At the same time the SDG also puts massive challenges to all countries to ensure financing and effective implementation by incorporating SDG in to the national policies. This document tries to identify what important role Bangladesh Parliament, as the supreme law making and oversight body of the executives, can play to i) identify national priorities for the country and ii) ensure effective monitoring and implementation of these global targets. The SDG has just begun as well as many analysis and activities of the world community.
Designing a Knowledge Strategy Model for Iranian Public Organizations: A Stud...IOSR Journals
The present paper raises these questions that how is the state of knowledge strategy in Iran’s public organizations now (Electricity Industry) and how should be the state of knowledge strategy in Iran’s public organizations (Electricity Industry) until horizon 2025 and also what is the combination of optimal knowledge strategies to fill the knowledge gaps in the Iran’s public organizations (Electricity Industry). The purpose of these questions is to identify and explain knowledge strategies and also make strategic change in the current knowledge management in public organizations in order to fill the gap between the perceived situation of perspective horizon and current situation of knowledge management proportional to prevailing conditions in public organizations. In order to determine the knowledge strategies in public organizations, at first the main assumptions of knowledge strategy design in both areas of internal environment and external environment were considered and by using Fuzzy Delphi method, opportunities, threats, strengths and weaknesses of knowledge were identified and then knowledge strategies were identified by using the experts opinion and prioritized by technique of Network Analysis. Statistical population of this study is public organizations in Electricity Industry that 137 samples were selected randomly and by using questionnaires with help of Gap Analysis, the difference between current and desired situation was identified. According to the Gap Analysis that is done in four axes of knowledge strategy, some actions are proposed in the form of Forty-nine solutions to improve the current situation and reduce the gap.
Sustainable Leadership Competency Model Leading To Business Growth and Develo...inventionjournals
This study identified a sustainable leadership competency model leading to business growth and development for developing healthcare executives in Kolkata, India based on the Healthcare Leadership (HL) Model. Eleven chief executive officers and chief medical officers were interviewed. They considered 86% of the Healthcare Leadership (HL) competencies as very important or vital and perceived a gap in the performance of these competencies. They also identified additional vital competencies beyond the scope of the model. Participants also reported that leadership development and succession planning programs were lacking. Recommendations are to design a leadership development program using the HL model as a framework and further customizing the approach as per the organization’s unique mission, vision, strategy, values, and circumstances. The HL is offered as a general strategy for leader development that could be useful in the growth and development of Indian private healthcare industry, based on some “best practices” in the design and implementation of the leadership programs.
this group assignment is covering the following topics:
1. Applied research study on Pakistan based business
2. Gallup’s procedure of poll conduct
3. International Communications Research, note on its services on problem definition process.
4. six stages of problem definition process (based on your own business idea)
Online payment portals are a powerful tool that makes our life simple and gives the luxury to make all required payment transactions around any part of the World. The advancement of internet and logistics systems, now it is possible for anybody to shop any product around the world and get it shipped to his\her. The main objectives are to study the problems faced through the online payment system. To study the factors influencing the online payment system.
An Analysis of Impact of Human Capital Investment on Demographic Characterist...inventionjournals
The demographic features of the 2011census of India have revealed that India is the second largest country next to China in terms of working age population (25 - 50 years) in the world. It has been known that the country’s economic growth is based on both natural and human resources available in the country. Still, there are more avenues for effective and efficient use of labour-productivity in this age group. It is well conceived by the theory that the human resources are the biggest contributor of economic growth which is augmented by a process of human capital formation. Of late, health and education have been viewed as the two dimensions of human capital which are treated as an indicator of social welfare. The variations in health status of different age groups in market and non-market labour productivities are still prevalent in many developing countries. The low health status persons contribute less to human capital formation than of others (Behrman and Deolalikar, 1988). According to them, “Health is a state of complete physical, mental and social wellbeing and not merely the absence of disease or infirmity”. Therefore, it cannot be purchased by the consumers in the market as we do for other goods and services in the market. On the other hand, it can be produced by spending time upon health improving activities, as well as, purchasing medical inputs (Grossman M., 1972). Behrman has pointed out that there is an inverse relationship between low health status and human capital formation. Therefore, the economists have focused their attention to study the determinants and impact of health status on economic growth. The present study attempts to analyse the human capital investment and its impact of socio- economic status on human resources (HR) in Chennai district, Tamil Nadu. To aid our research effort, an extensive literature has also been reviewed in an attempt to answer various queries raised. On the basis of the statement of problems, the research questionnaires have been canvassed among the respondents to obtain the information. This study is based on databases obtained both from primary and secondary sources. The information through primary sources has been collected with the help of interview schedule. The secondary data on Human Capital Investment and the Impact of Socio- Economic Status on Human Resources have been collected from various sources in Chennai City. In the health sector, this study focuses its attention to reporting illness, amount spent, days lost. Some of the opted econometric techniques have been used to examine the objectives of the study. Our empirical strategy has applied the following tools of analysis. The statistical tools like OLS, PROBIT and LOGIT techniques are used to analyze the indicator ‘selfreported illnesses. And, ‘Health expenditure’ and ‘number of days lost’ are estimated by OLS and TOBIT techniques, besides by applying correlation, regression analysis.
Reconfiguring Cooperation Mechanism and Survival of Deposit Money Banks in So...AJHSSR Journal
ABSTRACT: This study examined the relationship between reconfiguring cooperation mechanism and
survival of Deposit Money Banks in South-South, Nigeria. The study adopted the cross-sectional research
survey design. The population for this study was twenty-two deposit money banks registered in Nigeria and
operating in South–South. Primary data was generated through structured questionnaire. Census sampling was
adopted because our population of study was not large. Hence, the entire population of 22 Deposit Money Banks
was adopted as a census. However, the total respondents for this study were 154 Regional/Zonal Managers of
the twenty-two Deposit Money Banks in South-South, Nigeria. The research instrument was validated by
supervisors’ vetting and approval while the reliability of the instrument was achieved by the use of the Cronbach
Alpha coefficient with all the items scoring above 0.70. The hypotheses were tested using the Spearman’s Rank
Order Correlation while the partial correlation was used to test the moderating effect of nature of the
environment. The tests were carried out at a 0.05 significance level. Findings study showed that there is a
significant relationship between reconfiguring cooperation mechanism and survival of deposit money banks in
South-South, Nigeria. Therefore, this study concludes the survival of Deposit Money Banks in South-South,
Nigeria is well enhanced though reconfiguring cooperation mechanism. Hence the study recommends that
Deposit Money Banks should strive to get new knowledge, skills, markets and distribution channels from new
partners and new cooperation mechanisms because this will reduce its product development risks and
investments, and increase the benefit of new products.
KEYWORDS: Agility, Flexibility, Reconfiguring Cooperation Mechanism, Resourcefulness, Survival
Causes and Identification of Employees’ Politics and its Impact on Performanc...Avinash Advani
This is International Publication which is presented on causes and identification of employees’ politics and its impact on performance of Banking Industry in Pakistan. Here researcher emphasizes on language and caste, experience and position, cultural animosity, religious lobbies, gender discrimination and referral employment. As employees’ politics plays an essential role for an organization and it exists in almost every organization so its impact on the whole workforce can be identified in this research particularly in the UBL, Askari Bank Limited, ABL and generally in Pakistan banking industry. Authoritative power is a major factor that cannot be rejected in any organization and it is key force of any industry. This research is based on the quantitative research. The primary data has been gathered through survey method. Descriptive statistics is used and seven hypotheses are tested. Sample is gathered through simple random sampling method out of target population of 160. The findings entails that there should be focused on Standardize Human Resource Management (right person should be posted to the job, bracing courses, conducting orientation on emerging banking and problem solving). Further administration should conduct the meetings with employees and resolve their problems and also there should be transparency and merit system observed in all matters.
A Study of Performance Appraisal and Dimensions of Organizational climate in ...paperpublications3
Abstract: The business organizations are attaching great importance to human resource because human resources are the biggest source of competitive advantage and have the capability of converting all the other resources in to product / service. The effective performance of this human resource depends on the type of HRD climate that prevails in the organization, if it is good the employee’s performance will be high but if it is average or poor than the performance will be low. The study of performance appraisal and HRD climate is very important for all the organization and the banking sector is not an exception, especially in the present situation of financial recession. The present study is an attempt to find out the importance of performance appraisal and the types of HRD climate that is prevailing in ICICI Bank and Punjab National Bank. The Researcher has also tried to find out the difference in the perception of the employees regarding performance appraisal and HRD climate on the basis of age, qualification and work experience. The researcher collected the data from the employees of the officer cadre of ICICI Bank and Punjab National Bank through a structured questionnaire. The data were analyzed using several statistical tools such as Chi-square test, Z test, Percentage, T test. The result shown that the HRD climate in ICICI Bank is better than the Punjab National Bank. The perception of the employees regarding appraisal system helps in identifying training needs do not differs significantly on the basis of work experience but it differs significantly on the basis of age and qualifications .The perception of the employees regarding kinds of appraisal preferred do not differs significantly on the basis of age and work experience but it differs significantly on the basis of qualifications.
The pandemic has caused the slowdown of economic growth in Indonesia. Indonesian economy 2020 had growth contraction up to 2.07 percent (c-to-c) compared to 2019 (Berita Resmi Statistik BPS, 2020). In quartal I-2021 toward quartal I-2020 contracted 0.74 percent, however the growth in quartal I-2021 compared to quartal IV-2020 is -0.96 percent (y-o-y) (Berita Resmi Statistik BPS, 2021). It shows that pandemic hardly hit and affect the economy due to lower demand and purchasing power. One of the most affected business is startup in which 10-15 percent of startups failed during the pandemic 1 (Bisnis.com, 2021). One of the reasons is due to high reliance to the investor, however during pandemic many venture capitals tighten the investment to the startups or even close the business. Pandemic also create divide between startup which grow faster and slowing down or even close the business. The startup which grow faster is startup which work on edutech, health tech,
marketplace/ecommerce, online entertainment (video on demand), and e-grocery. On the other hand, startup which slow down or close operate on the sectors of tourism and accommodation/lodging, ride hailing, and fintech. The startup which work on fast growing sector during pandemic such as edtech also face tight competition. Therefore, many startups
in this sector will fail when the operational are inefficient, unscalable, failed to expand the market, and external funding reliant. The objective is explore the condition of startups during
the pandemic as well as its survival mode, and the policies made by the government to overcome these conditions. The role of the government in helping startups survive amid a pandemic becomes essential. As is well known, the government assists conventional MSME players, but the suitable incentives given to start up players still needs to be studied further. Method used is descriptive supported by secondary data from survey, case studies, and literature studies (books, articles, and journals). The conclusion is government can support in terms of funding, promotion and networking, market control, and new normal protocols. In terms of funding, the government should target to support the improvement of the business climate. The government can also support startups to promote online. In terms of market control, the government is trying to improve price stability by implementing a stimulus program. Another thing that needs to be done is to make clear protocols in business operations so that there are clear rules of the game in its implementation.
Keywords: government, incentive, pandemic, start up
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
Home assignment II on Spectroscopy 2024 Answers.pdf
Asbtract international conference on economic development.pdf
1. 8 Gadjah Mada
International Conference on Islamic
th
Economics and Development GAMAICIED
Accounting and Finance GAMAICIAF
Business Research GAMAICIBR
BOOK OF
ABSTRACTS
“Sustainable Development through Islamic Finance:
Opportunities and Challenges in Accounting, Business, and
Economics”
ROOM 1
www.gamaici.feb.ugm.ac.id
2. List of Content
SUSTAINABILITY REPORTING IN ISLAMIC FINANCIAL INSTITUTIONS: A
COMPARATIVE STUDY OF EMERGING COUNTRIES........................................................... 2
THE IMPACT OF SOCIAL CAPITAL TO THE HEALTH OF ELDERLY: CASE AFTER
TSUNAMI 2004.............................................................................................................................. 3
SHARIA SECURITIES AS AND INVESTMENT OPTION IN INDONESIA: A SmartPLS
APPROACH.................................................................................................................................... 5
INTELLECTUAL CAPITAL AND MAQASHID SYARIAH-BASED PERFORMANCE...........6
ISLAMIC FINANCE FOR RENEWABLE ENERGY SECTOR DEVELOPMENT: A
SYSTEMATIC LITERATURE REVIEW.......................................................................................7
COMPARING PROFITABILITY AND THE IMPACT OF BOARD OF DIRECTORS
CHARACTERISTICS: EVIDENCE FROM NON-SHARIA-COMPLIANT AND
SHARIA-COMPLIANT FIRMS.....................................................................................................8
HOW DOES FINTECH EFFECT BANK EFFICIENCY EVIDENCE FROM INDONESIAN
ISLAMIC LOCAL BANKS............................................................................................................ 9
ISLAMIC SOCIAL FINANCE AND SUSTAINABILITY NEXUS: A BIBLIOMETRIC
REVIEW........................................................................................................................................10
3. SUSTAINABILITY REPORTING IN ISLAMIC FINANCIAL INSTITUTIONS: A
COMPARATIVE STUDY OF EMERGING COUNTRIES
Rumaisah Azizah Al Adawiyah
Universitas Pendidikan Indonesia, Indonesia
Fitranty Adirestuty
Universitas Pendidikan Indonesia, Indonesia
Syaiful Muhamad Irsyad
Universitas Pendidikan Indonesia, Indonesia
Indah Nur Chazanah
Universitas Pendidikan Indonesia, Indonesia
Yunita Sri Mulyani
Universitas Pendidikan Indonesia, Indonesia
Rachma Indrarini
Surabaya State University, Indonesia
ABSTRACT
The climate change issue and the direction toward sustainable development are discourses that
have become necessary for all sectors to concentrate on, including Islamic Financial Institutions
(IFIs). The study aims to assess the level of sustainability reporting on Islamic Financial
institutions in emerging countries in their annual reports from 2019 to 2022. The study aims to
provide insight into the level of sustainability reporting in these institutions, potentially helping
them enhance their disclosure practices. Additionally, it may assist regulators in formulating
relevant regulations. This study utilizes a sustainability reporting index with 300 indicators for
sustainability practice and 80 indicators for sharia compliance. The findings show that Bank
Syariah Indonesia had high percentage of sustainability and sharia compliance among the
countries, while Pakistan depicted as the lowest percentage of others. From the dimensions of the
index, this study found that governance and ethics as the highest indicator that IFIs disclosed on,
while product and service as the least disclosure most countries had. This research can serve as a
foundation for IFIs and regulators to improve sustainability practices and align Sharia
compliance disclosure with sustainability efforts in Islamic financial institutions.
Keywords: Sustainability reporting, Islamic Financial Institutions, Environmental Social
Governance, Developing Countries
2
4. THE IMPACT OF SOCIAL CAPITAL TO THE HEALTH OF ELDERLY: CASE AFTER
TSUNAMI 2004
Dzakiyatur Rovidah
Master of Development Economics, Faculty of Economics and Business, Gadjah Mada
University, Indonesia
Wida Reza Hardiyanti
Idealyst Research and Consulting; Master Student of Faculty of Economics and Business,
Gadjah Mada University, Indonesia
Evita Hanie Pangaribowo
Faculty of Geography, Gadjah Mada University, Indonesia
ABSTRACT
Introduction/Main Objectives: Social capital become relevant topic to be discussed because there
is no consensus about the suitable proportional measurement of social capital and its impact to
the mental and physical health. The research aims to examine the hypothesis of informal social
capital (family support and neighbour and friends support) on the health quality of elderly from
self-assessed health status (SAHS), self-care ability (Activity of Daily Living) and mental health
(Post Traumatic Stress Disorder).Novelty: This study employs instrumental variables in the
methodology to assess the impact of social capital on the quality of life among the elderly,
addressing endogeneity in the social capital variable. This approach has not been utilized in
previous papers with a similar topic. Research Methods: Secondary data from the Study of
Tsunami Aftermath and Recovery (STAR) waves 1, 2, and 3, with the latest data version in 2022.
To address endogeneity issues in the social capital variable, they employed the Instrumental
Variable (IV) method. The IV probit method was chosen as the dependent variable and
endogenous variable (social capital) were continuous and had dummy variables. Instrument
variables, including unemployment, morbidity, level of confidence, and total network, were
selected based on diagnostic tests and existing literature. Multiple instrumental variables were
used in this study. Finding/Results: Around 32.52% respondents claimed to have a good
self-health assessment (SAHS), 47.34% respondents had better self-care skills (ADL), and
38.87% respondents felt better about PTSD symptoms after Aceh tsunami 2004. Meanwhile,
women are more vulnerable on physical and mental health conditions than men. From the
estimation, there was a positive and significant effect between social capital and physical health
(SAHS and ADL) scores and the mental health of the elderly as measured by PTSD. However,
social capital in the form of community participation has no relationship on mental health
(PTSD). Conclusion: The A positive and significant link between social capital and physical
health (SAHS and ADL) as well as mental health (PTSD) among the elderly. However,
3
5. community participation showed no significant correlation with mental health (PTSD). The study
highlights the importance of informal social capital, like family and neighbor support, in
enhancing the well-being of older adults. Policymakers and healthcare providers can use these
insights to develop targeted interventions and support systems for the elderly, ultimately
improving their quality of life.
Keywords: social capital, physical health, mental health, elderly, IV Probit
JEL Classification: D13, I31, J22, K31
4
6. SHARIA SECURITIES AS AND INVESTMENT OPTION IN INDONESIA: A SmartPLS
APPROACH
Syaparuddin Razak
State Islamic Institute of Bone, South Sulawesi, Indonesia
Moh. Nasuka
Nahdatul Ulama Islamic University, Jepara, Central Jawa, Indonesia
ABSTRACT
This study aims to investigate Sharia securities as an investment option among Indonesian
Muslims. The study enhances the Theory of Planned Behavior (TPB) model by incorporating
Sharia compliance and financial intelligence to develop a comprehensive theoretical framework.
The impact of attitude, subjective norms, and perceived behavioral control on the behavioral
intention to use Sharia securities is examined, along with the mediating role of attitude in the
relationship between the proposed adoption factors. The analysis, based on 617 responses
collected through an online survey and employing SmartPLS (v. 4.0.8.9) software, demonstrates
that attitude, subjective norms, and perceived behavioral control exert a positive and significant
effect on the behavioral intention to use Sharia securities. Notably, attitude is identified as a full
mediator between Sharia compliance, financial intelligence, and the behavioral intention. The
findings provide valuable insights for Sharia securities users, developers, and the Indonesian
government, facilitating informed decision-making in the realm of Sharia-compliant investments.
Keywords: Sharia securities, TPB model, SmartPLS, financial intelligence, Sharia compliance.
5
7. INTELLECTUAL CAPITAL AND MAQASHID SYARIAH-BASED PERFORMANCE
Nida Nadya Hasan
YARSI University, Central Jakarta City, Indonesia
Muhammad Faisal
YARSI University, Central Jakarta City, Indonesia
ABSTRACT
The purpose of this paper is to examine whether Intellectual Capital (IC) has an significant effect
on Maqashid Sya-riah-based Performance (MSP). This paper was conducted at Islamic Banks in
the ASEAN region during 2014-2017 by controlling for several variables, namely, company size,
company age and the level of gross domestic product per capita (GDP). IC is measured using the
Pulic VAIC method, and MSP is measured by the Islamic Maqashid index. The results showed
that IC has no significant effect on MSP. These results indicate that IC may not be considered to
be an important thing that can improve the performance of Islamic banks in ASEAN. Related to
Human Capital, this indicates that Islamic Banks have not been maximized in managing their
human capital. Furthermore, related to Structural Capital and Capital Employed will depend very
much on the Human Capital owned by the company, because they will run or operate both
components. So when human capital does not have a significant effect on performance, the
effects will also likely be produced by Structural Capital and Capital Employed on performance.
The paper contributes to the social, islamic economics, and business sciences. This paper
contributes by using the maqashid syariah index in measuring the performance of Islamic Banks,
so that Islamic Bank performance measurement is in accordance with sharia objectives. This
paper focuses the scope of research on Islamic Banks in the Southeast Asia (ASEAN) region.
This paper adds empirical evidence regarding IC and Maqashid Syariah-based Performance. The
implication of this paper is to encourage Islamic Banks to maximize the use of physical capital
and intangible resources embedded in employees and other resources to improve the
performance of Islamic Banks.
6
8. ISLAMIC FINANCE FOR RENEWABLE ENERGY SECTOR DEVELOPMENT: A
SYSTEMATIC LITERATURE REVIEW
Lisa Listiana
Universitas Indonesia, Indonesia
Lu’liyatul Mutmainah
Universitas Siliwangi, Tasikmalaya, Indonesia
Najim Nur Fauziah
Waqf Center for Indonesia Development and Studies, Indonesia
Irvan Hemala
School of Business and Management, Institute Teknologi Bandung, Indonesia
Raditya Sukamana
Universitas Airlangga, Indonesia
ABSTRACT
Currently, the world is paying attention to the need for energy sources that are environmentally
friendly, sustainable, and affordable align with Sustainable Development Goal 7. This study
intends to investigate renewable energy (RE) funding limitations and the effectiveness of current
RE funding systems. The systematic literature review (SLR) is conducted to find the pertinent
and relevant studies. 146 publications which range from 2012 to 2022 and indexed by Scopus are
further analyzed after going through multiple screening procedures. The outcome reveals three
key problems with financing for renewable energy projects, including high upfront capital costs,
perceived risk, and the unpredictability of investment returns. There are also seven different sorts
of financing proposals, including bonds and Islamic bonds (Sukuk), investments, creative
financing methods, financial incentives, blended finance, businesses or enterprises, and
government. However, for the RE industry, there is very limited funding proposal Islamic
finance.
Keywords: Islamic finance, Blended finance, Renewable energy, Systematic literature review
7
9. COMPARING PROFITABILITY AND THE IMPACT OF BOARD OF DIRECTORS
CHARACTERISTICS: EVIDENCE FROM NON-SHARIA-COMPLIANT AND
SHARIA-COMPLIANT FIRMS
Muhammad Taufik
Department of Accounting, Universitas Islam Indonesia, Yogyakarta, Indonesia
ABSTRACT
Introduction/main objectives: This study compares the profitability of sharia-compliant firms
(SCF) and non-sharia-compliant firms (NSCF). Additionally, the determinants of profitability
were examined by considering the board of directors' (BODs) characteristics, including size,
gender, meeting frequency, tenure, turnover, and compensation. Background Problems: The SCF
and NSCF approaches are characterized by distinct worldviews, which in turn significantly
influence managerial styles. However, there is limited scholarly research investigating the
relationship between board management style, its characteristics, and its impact on profitability.
Novelty: The comparison of SCF and NSCF has been extensively investigated; however, their
profitability remains challenging. It also provides insight into how management styles differ
when faced with (or without) religious norms. Research Methods: 125 SCFs and 103 NSCFs
were investigated during 2016-2019. Profitability was compared using a t-test, while BOD's
impact was examined using panel data regression. Finding/Results: SCF has a significantly be]er
record of profitability than NSCF in 10 of 12 t-tests. Surprisingly, SCF's profitability rose
(declined) due to board remuneration (meetings), while other board attributes had no effect.
Meanwhile, the profitability of their counterparts increases (decreases) due to board size, tenure,
and remuneration (meetings and turnovers), but gender has no effect; thus, the board of NSCF
has higher board capital than SCF based on resource dependence theory perspective. Conclusion:
Despite the higher profit of SCF, BOD has a minor role in this process; therefore, BOD needs to
reconsider whether financial screening plays a ceremonial role in listing sharia indexes or is
incorporated into the managerial style. Although BOD in NSCF generates more profits
than their counterparts, they could learn from financial screening thresholds.
Keywords: sharia-compliant firm; non-sharia-compliant firm; profitability; board of directors;
resource dependence theory
8
10. HOW DOES FINTECH EFFECT BANK EFFICIENCY EVIDENCE FROM
INDONESIAN ISLAMIC LOCAL BANKS
Vira Amalia Putri
Faculty of Economics and Business, Sebelas Maret University, Surakarta, Indonesia
Adennia Oktaviana Fadli
Faculty of Economics and Business, Sebelas Maret University, Surakarta, Indonesia
Tastaftiyan Risfandy
Faculty of Economics and Business, Sebelas Maret University, Surakarta, Indonesia
ABSTRACT
This paper investigates the impact of Fintech on the efficiency of Islamic local banks in
Indonesia. Local banks are chosen because they differ from national banks regarding their
products and serve limited customers. Using a sample of 162 Islamic local banks in Indonesia
from 2019Q4 to 2021Q1, we find that Fintech development in Indonesia significantly and
positively increases Islamic local banks' efficiency. Fintech enhances banking efficiency through
big data analysis, benefiting banks by serving non-collateral borrowers and reducing credit risk.
Our empirical finding suggests that Islamic local bank can collaborate with Fintech companies to
improve their efficiency and services to customers, thereby increasing competitiveness,
expanding financial access to customers, and enhancing financial inclusion for individuals who
need to be adequately served by traditional banks.
Keywords: Financial Technology, efficiency, operations, Data Envelopment Analysis, Islamic
Lokal Banking
9
11. ISLAMIC SOCIAL FINANCE AND SUSTAINABILITY NEXUS: A BIBLIOMETRIC
REVIEW
Annes Nisrina Khoirunnisa
Waqf Center for Indonesian Development and Studies, Indonesia
Lu’liyatul Mutmainah
Universitas Siliwangi, Tasikmalaya, Indonesia
Nur Arifah
Waqf Center for Indonesian Development and Studies, Indonesia
ABSTRACT
Sustainable Islamic social finance can be a solution in various strategic financing. This study
aims to investigate the progress of research in the field of Islamic social finance (ISF) related to
sustainability issues. This study used a qualitative method with a Bibliometric analysis approach.
The data used is secondary data with the theme “Islamic Social Finance & Sustainability”, which
comes from the Scopus database with a total of 76 journal articles. Then, the data is processed
and analyzed using the VosViewer application to know the Bibliometric map of “Islamic Social
Finance & Sustainability” research development worldwide. The study results found that based
on the Bibliometric keyword mapping, three clusters are related to Finance and Sustainable
Development, Islamic Social Finance and Financial Inclusion, and Islamic Finance and ESG.
This research is expected to be a reference for recommendations on the use of Islamic social
finance for strategic funding for community welfare.
Keywords: Islamic social finance, Sustainability, Bibliometric analysis, Sustainable finance
10
12. 8 Gadjah Mada
International Conference on Islamic
th
Economics and Development GAMAICIED
Accounting and Finance GAMAICIAF
Business Research GAMAICIBR
BOOK OF
ABSTRACTS
“Sustainable Development through Islamic Finance:
Opportunities and Challenges in Accounting, Business, and
Economics”
ROOM 2
www.gamaici.feb.ugm.ac.id
13. List of Content
RELIGIOSITY AS DETERMINANT OF THE INDONESIAN MUSLIMS HAPPINESS:
MICRODATA ANALYSIS USING IFLS-5....................................................................................2
ZISWAF FUND: A VITAL INSTRUMENT IN MITIGATING POVERTY THROUGH
IMPROVED DRINKING WATER QUALITY...............................................................................3
ACCELERATION OF NET ZERO EMISSION TO ACHIEVE PARIS AGREEMENT
THROUGH DIGITAL ECONOMY AS A GREEN AND INCLUSIVE ECONOMY
DEVELOPMENT CATALYST IN THE PERSPECTIVE OF SUSTAINABLE DEVELOPMENT
GOALS............................................................................................................................................ 4
HALAL COSMETICS PURCHASING DECISION IN THE MIDST OF COVID-19
PANDEMIC: THE ROLE OF RELIGIOSITY MEDIATION........................................................ 6
A MODEL OF WAQF POLICY GOVERNANCE DEVELOPMENT AS A MECHANISM OF
SUSTAINABLE ECONOMIC DEVELOPMENT..........................................................................8
THE IMPACT DISTRIBUTION OF ZAKAT IN ALLEVIATING POVERTY DURING
COVID-19 PANDEMIC: EVIDENCE FROM INDONESIA.........................................................9
UNLEASHING REGIONAL ECONOMIC POTENTIAL: THE IMPACT OF BUSINESS
CLUSTERS ON GROSS REGIONAL DOMESTIC PRODUCT IN WESTERN AND
EASTERN INDONESIA...............................................................................................................10
14. RELIGIOSITY AS DETERMINANT OF THE INDONESIAN MUSLIMS HAPPINESS:
MICRODATA ANALYSIS USING IFLS-5
Muhammad Kholisul Imam
Politeknik Negeri Malang, Indonesia
Anas Tania Januari
STAI Ma’had Aly Al Hikam, Indonesia
ABSTRACT
This study provides a different view of the determinants of happiness. In principle, happiness is
driven by economic factors and each individual's perspective in assessing his life, which is more
subjective. Therefore, the religiosity factor is also considered to have an essential role in
encouraging one's happiness. This study aims to empirically prove the role of religiosity in the
happiness of Muslims in Indonesia. This quantitative research approach uses data from the 5th
Indonesia Family Life Survey (IFLS-5). This study applied a logistic regression model and took
767 respondents. The results show that religiosity, implemented by piety and recitation, is
empirically proven to increase Indonesian Muslims' happiness. In addition, economic factors
represented by income also play a role in increasing happiness. Other results show that
individual characteristics such as higher education, marital status, and gender impact happiness.
Meanwhile, age does not affect happiness.
Key words: IFLS-5, Happiness, Religiosity, Logit, Muslim
2
15. ZISWAF FUND: A VITAL INSTRUMENT IN MITIGATING POVERTY THROUGH
IMPROVED DRINKING WATER QUALITY
Tegar Rismanuar Nuryitmawan
Waqf Center for Indonesian Development & Studies, Jakarta
Indah Maesaroh
Faculty of Graduate School, Gadjah Mada University, Yogyakarta
Waqf Center for Indonesian Development & Studies, Jakarta
ABSTRACT
This research study explores the crucial role of the ZISWAF Fund in alleviating poverty by
enhancing drinking water quality. Access to safe and clean drinking water is a fundamental
human right, yet many impoverished communities struggle to meet this basic need. Based on
WHO data, around 2.1 billion people in the world do not have access to clean drinking water.
The ZISWAF Fund, a significant socio-economic initiative, aims to address this issue by
focusing on water quality improvement projects. Through Propensity Score Matching-Double
Differences and data-driven approaches, this study assesses the measurable impact of the
ZISWAF Fund in mitigating poverty through enhanced drinking water quality. The research
employs a combination of Indonesia Household data 2019, case studies, and statistical analyses
to evaluate the effectiveness of various projects funded by ZISWAF. The findings highlight the
positive outcomes achieved by the fund, demonstrating how it plays a vital role in uplifting
disadvantaged communities. Improved drinking water quality leads to numerous benefits, such
as improved health, increased economic productivity, and enhanced overall well-being. The
study also discusses the importance of community involvement and sustainable practices to
ensure the lasting impact of the initiatives. This research contributes valuable insights into the
critical link between access to safe drinking water and poverty reduction, emphasizing the
significance of continued support for the ZISWAF Fund's endeavors. By comprehending the
measurable benefits of such initiatives, policymakers and stakeholders can make informed
decisions to advance the collective goal of eradicating poverty and enhancing the quality of life
for vulnerable populations.
Keywords: ZISWAF Fund, Poverty Alleviation, Drinking Water Quality, Impact Evaluation
3
16. ACCELERATION OF NET ZERO EMISSION TO ACHIEVE PARIS AGREEMENT
THROUGH DIGITAL ECONOMY AS A GREEN AND INCLUSIVE ECONOMY
DEVELOPMENT CATALYST IN THE PERSPECTIVE OF SUSTAINABLE
DEVELOPMENT GOALS
Ari Wibowo
Secretariat General of the Ministry of Finance of the Republic of Indonesia
ABSTRACT
Research aims: Climate change disrupts not only human aspects but also the economy on a
massive scale. To contain such disruptions, we must undertake policies on green economy and
finance that are robust, timely and sustainable to mitigate the transition risks to the economy.
This paper recalls imperative of acceleration of net zero emission to achieve Paris Agreement
through digital economy as a green and inclusive economy catalyst in the perspective of
sustainable development goals. In the current era of Society 5.0, the role of digital economy is
very important in all aspects, including acceleration towards net zero emission through
decarbonization.
Design/Methodology/Approach: This research takes a qualitative approach using descriptive
methods. Data was obtained through literature studies from books, scientific articles published in
journals, as well as several references to research that has been conducted by other researchers.
Research findings: Indonesia can lead the world in decarbonization, especially with the
government's commitment to reach net zero by 2060 or sooner. By achieving the goal, Indonesia
would have USD 100-125 billion in potential economic value-add from green economy
opportunities by 2030. As such, it is highly imperative that every leader considers whether their
business has the right tools to maximize this opportunity.
Theoretical contribution/Originality: Global recession issue is at the center of attention of
many countries, as well as the rise of earth temperature. Sustainability and digital are among the
top 6 megatrends in Indonesia. The country is currently the 8th most significant contributor to
global greenhouse gas (GHG) emissions and the 2nd largest potential for Natural Carbon
Solutions internationally, making it a key contributor to global decarbonization.
Practitioner/Policy implication: It is difficult to rely on 2.0 economic system, meanwhile
digital economy, energy transition, and green financial have huge potential since 2020 Covid-19
pandemic. The results of the study reveal that the application of a green economy can drive
national economic recovery as well as economic growth in multilateral sector. For a green
4
17. economy to be realized for the country, policy makers must be supported by various parties so
that a sustainable green economy is formed.
Research limitation/Implication: Decisions taken by leaders today to revive economies will
either entrench the region's dependence on fossil fuels or accelerate decarbonization efforts to
achieve the Paris Agreement and the Sustainable Development Goals.
Keywords: net zero emission, Paris Agreement, digital economy, decarbonization, Sustainable
Development Goals
5
18. HALAL COSMETICS PURCHASING DECISION IN THE MIDST OF COVID-19
PANDEMIC: THE ROLE OF RELIGIOSITY MEDIATION
Rani Surya Resiana
Universitas Gadjah Mada, Indonesia
Prof. Dr. Samsubar Saleh, M.Soc., Sc.
Universitas Gadjah Mada, Indonesia
Dr. Leo Indra Wardhana, M.Sc., CFP
Universitas Gadjah Mada, Indonesia
ABSTRACT
Purpose – This study aims to determine the influence of halal brand awareness, electronic word
of mouth, and religiosity on the decision to buy halal cosmetics in the midst of the Covid-19
pandemic. In addition, this study will also discuss the role of religiosity as a mediating variable
in influencing the relationship between halal brand awareness and electronic word of mouth to
the decision to buy halal cosmetics in the midst of the Covid-19 pandemic.
Design/methodology/approach – The research sample was 174 consumers who bought and used
halal cosmetics in the midst of the Covid-19 pandemic in the D.I. Yogyakarta area, Indonesia
using purposive sampling. Hypothesis testing using a structural equation model (SEM) which is
processed using SPSS and AMOS programs. Sobel test is used to test mediation variables.
Findings – The results of the study show that halal brand awareness, electronic word of mouth,
and religiosity have a positive influence on the purchase decision of halal cosmetics in the midst
of the Covid-19 pandemic. In the tests conducted, it was found that religiosity mediates the
influence between halal brand awareness on the decision to buy halal cosmetics in the midst of
the Covid-19 pandemic. However, religiosity does not mediate the influence between electronic
word of mouth on the purchase decision of halal cosmetics in the midst of the Covid-19
pandemic. Research limitations/implications – Future research with a larger sample is needed in
order to infer consumers nationally, because this research data was only obtained from the D.I.
Yogyakarta region. The results of the study only lead to halal cosmetic products in general. In
addition, the respondents to this study are consumers who buy and use halal cosmetics in the
midst of the Covid-19 pandemic, it would be very interesting to get data from other stakeholders
such as halal cosmetic manufacturers or retailers. Practical implications – Two practical
implications are based on the findings of this study. First, every Muslim consumer must have a
different perception of halal brand awareness, resulting in different influences on the purchase
decision of halal cosmetics. In this case, Muslim consumers must first have a certain level of
halal brand awareness and then look for various relevant electronic word-of-mouth information
to decide on the purchase of halal cosmetics. Second, remember that electronic word of mouth
6
19. itself has a positive influence on the purchase decision of halal cosmetics and is not mediated by
religiosity, so marketers can simultaneously maximize market leakage (i.e. from non-Muslim
markets) through marketing strategies by emphasizing the benefits of halal-certified products.
Originality/value – In accordance with the author's knowledge, this study is the first research in
Indonesia in examining the role of religiosity mediation in the relationship between halal brand
awareness and electronic word of mouth on purchasing decisions to buy halal cosmetics,
especially in the midst of the Covid-19 pandemic.
Keywords: Halal Brand Awareness, Electronic Word of Mouth, Religiosity, Purchasing
Decisions, Covid-19 Pandemic
7
20. A MODEL OF WAQF POLICY GOVERNANCE DEVELOPMENT AS A MECHANISM
OF SUSTAINABLE ECONOMIC DEVELOPMENT
Afni Regita Cahyani Muis
Lecturer of Department of International Relations, University of Darussalam Gontor
Syamsuri
Lecturer of Department of Law of Islamic Economics, University of Darussalam Gontor
Bagaskara Sagita Wijaya
Lecturer of Department of International Relations, University of Darussalam Gontor
Mohammad Taqiuddin
Lecturer of Department of Sharia and Economics, University of Malaya
Sigit Prianto
Division of Waqif Guidance and Management, Indonesian Waqf Board
ABSTRACT
Waqf becomes an alternative economic sector in manifesting sustainable economic development.
In this study, Indonesia and Malaysia are objects which have characteristics in responding to the
global economic recovery post Covid-19. Both countries play a significant role in the existence
of research and development in the Waqf sector. As member countries of the Organization of
Islamic Cooperation (OIC), both countries strive to increase social distribution which refers to
access to public welfare and make waqf as a financial-based alternative media aimed at asset
empowerment, one of which is productive waqf. The productive waqf mechanism is a capital
mechanism which functions for economic productivity. Both Indonesia and Malaysia have "best
practices" in managing productive waqf policies. This qualitative research uses research methods
with Forum Group Discussion as a knowledge acquisition process to obtain expert consensus in
productive waqf and sustainable economic development as subject matter experts, namely
collaborative integration of ideas between Indonesian and Malaysian stakeholders Department of
International Relations and the Law of Islamic Economics, Darussalam Gontor University;
Department of Sharia and Economics and Department of Business and Economics, Universiti
Malaya; Indonesian Waqf Board Nazir Development and Waqf Management Division. Then, it is
drawn into PESTEL (Politic, Economic, Social, Technology, Environment, Legal) Analysis. The
research findings are developing productive waqf policy governance which is oriented to
sustainable economic development through case studies of Indonesia and Malaysia with the
PESTLE sector.
Keywords: Indonesia, Malaysia, Model, Sustainable Economic Development, Waqf policy.
8
21. THE IMPACT DISTRIBUTION OF ZAKAT IN ALLEVIATING POVERTY DURING
COVID-19 PANDEMIC: EVIDENCE FROM INDONESIA
Dion Saputra Arbi
Department of Economics, Universitas Gadjah Mada, Yogyakarta, Indonesia
Jonathan Farez Satyadharma
SMERU Research Institute, Jakarta, Indonesia
Ihsan Hidayat
Department of Economics, IPB University, Bogor, Indonesia
ABSTRACT
Zakat is one of the Islamic socio-economic instruments to improve the welfare of Muslim
communities by reducing poverty levels. Between 2020-2022, when COVID-19 pandemic hit
Indonesia, zakat management institutions have succeeded to get 1,145,636 people out of thE
poverty, thereby increasing the achievements of mustahik to muzakki by augmenting individual
and household sources of income from zakat recipients. This study uses the CIBEST analysis
tool and the BAZNAS Welfare Index (IKB) to measure the impact of zakat distribution by
BAZNAS on poverty alleviation during the COVID-19 pandemic in Indonesia. The results of
this study indicate that zakat distribution can alleviate the poverty of the Indonesian population
by 4.14% during the COVID-19 pandemic. Thus, the distribution of zakat funds during the
COVID-19 pandemic significantly reduced Indonesia's poverty.
Keywords: Zakat, Poverty, COVID-19, CIBEST, BAZNAS Welfare Index (IKB)
9
22. UNLEASHING REGIONAL ECONOMIC POTENTIAL: THE IMPACT OF BUSINESS
CLUSTERS ON GROSS REGIONAL DOMESTIC PRODUCT IN WESTERN AND
EASTERN INDONESIA
Ima Rohimah
Faculty of Economics and Business, Gadjah Mada University, Indonesia
Wida Reza Hardiyanti
Faculty of Economics and Business, Gadjah Mada University, Indonesia
Evita Hanie Pangaribowo
Master of Environmental Science, Faculty of Geography, Gadjah Mada University
ABSTRACT
Introduction/Main Objectives: This study aims to determine the influence of the size and type of
MSME clusters on Gross Regional Domestic Product (GRDP), both western and eastern parts of
Indonesia so that synergies are expected to be created between MSME cluster management and
local government policies. Background Problems: The data used in measuring the size and type
of MSME clusters is 2016 Economic Census from the Central Bureau of Statistics which listing
business units/companies in Indonesia. Other various sources also used as supporting data. The
scope of the research covers all districts/cities in Indonesia which are divided into the western
region (Java, Sumatra and Bali) and the eastern region (besides Java, Sumatra and Bali).
Research Methods: Multiple linear regression analysis with the Ordinary Least Square (OLS)
estimation method. The results of the study show that regencies/cities in the West have larger
MSME clusters compared to the East. Novelty: The novelty of this study lies in its unique
approach, as it pioneers the calculation and measurement of the Quality-Quantity Quotient (3Q)
and Cluster Quotient (CQ) for MSMEs in Indonesia. This innovative methodology offers a
comprehensive perspective on the size and type of MSME clusters, shedding light on their
influence on the Gross Regional Domestic Product (GRDP). By examining both the Western and
Eastern regions, this research introduces a fresh analytical framework that enables a nuanced
understanding of the intricate relationship between MSME clusters and economic
performance.Finding/Results: Temanggung district is one of the districts in Indonesia that has a
larger share of MSME clusters than other districts/cities. This can be seen from the Cluster
Quotient (CQ) and Quality-Quantity Quotient (3Q) values which are higher than other regions.
The MSME sector with the processing industry category is a sector that is mostly run by the
people of Temanggung Regency which able to absorbs a lot of labor so that the Temanggung
Regency area is included in the MSME workforce cluster. Study also found that the size and type
of MSME clusters in the Western region were significant to GRDP, but not significant in the
Eastern region. The reason is that there are more inhibiting factors for the growth of MSMEs in
10
23. Eastern Indonesia than in the West. These inhibiting factors include: limited physical capital
(financial and infrastructure), difficulties in marketing, limited human resources and technology.
Limited human resources and the use of technology hinder the process of knowledge diffusion
which ultimately hinders innovation. Institutional factors are also an obstacle to MSMEs, namely
the lack of protection, coordination, and communication between local governments and MSME
actors. Conclusion: This pioneering study introduces the novel application of the
Quality-Quantity Quotient (3Q) and Cluster Quotient (CQ) indices to analyze Micro, Small, and
Medium Enterprise (MSME) clusters in Indonesia, revealing distinct characteristics and
influences on regional economic development. The findings underscore the significant role of
MSME clusters, particularly in the Western region, where they exhibit a pronounced correlation
with Gross Regional Domestic Product (GRDP).
Keywords: MSME, Cluster Quotient, Quality-Quantity Quotient, Ordinary Least Square,
Economic Census
JEL Classification: D13, I31, J22, K31
11
24. 8 Gadjah Mada
International Conference on Islamic
th
Economics and Development GAMAICIED
Accounting and Finance GAMAICIAF
Business Research GAMAICIBR
BOOK OF
ABSTRACTS
“Sustainable Development through Islamic Finance:
Opportunities and Challenges in Accounting, Business, and
Economics”
ROOM 3
www.gamaici.feb.ugm.ac.id
25. List of Content
SOCIAL ENTERPRISE HOW TO SUSTAIN A BUSINESS WITH A NEW PARADIGM.........2
AN INVESTIGATION OF UNEXPECTED FORMS OF CAPITAL IN SMALL AND MEDIUM
ENTERPRISES (SMES)................................................................................................................. 3
FINDING COMMON GROUND: COMPARATIVE STUDY OF FIQH MUAMALAH AND
MODERN BUSINESS ETHICS..................................................................................................... 4
SYNERGY AND INNOVATION TOWARD INDONESIA HALAL TOURISM
SUSTAINABILITY: A CASE STUDY OF LOMBOK.................................................................. 5
THE ROLE OF ISLAMIC PRINCIPLES IN PROMOTING SUSTAINABLE OPERATIONS IN
THE BUSINESS SECTOR AMONG MUSLIM MILLENNIALS: THE SMARTPLS
APPROACH.................................................................................................................................... 7
ARE INDONESIANS HOMO ISLAMIKUS? STUDY OF SWITCHING INTENTION TO
PRODUCTIVE DIGITAL BEHAVIOR OF INDONESIAN E-COMMERCE USER................... 9
ENVIRONMENTAL UNCERTAINTY AND SUSTAINABLE GROWTH: THE
MODERATING ROLE OF INNOVATION EFFICIENCY..........................................................10
THE ROLE OF THE CREATIVE ECONOMY IN INCREASING THE INCOME OF
SONGKET WORKSHOPS REVIEWED IN THE PERSPECTIVE OF ISLAMIC BUSINESS
ETHICS (CASE STUDY OF SONGKET ARTICLES IN PALEMBANG CITY).......................11
26. SOCIAL ENTERPRISE HOW TO SUSTAIN A BUSINESS WITH A NEW PARADIGM
Chusnul Rofiah
STIE PGRI Dewantara Jombang
ABSTRACT
Sociopreneurs are expected to be the answer to overcoming poverty and the unequal distribution
of wealth in Indonesia (Lontoh, 2021). In Indonesia, the Social Enterprise (SE) crowdfunding
platform, only 21% whose status is still active, while 79% are not active (Rachmaniyah &
Nugroho, 2019). SE's difficulties in maintaining its business are caused; minimalist approach;
cost-effective and Bottom- up; dual purpose; old mindset; insufficient resources; awareness
building; different approach (Doherty et al., 2014). The concept of SE is still lacking in
Indonesia because the literature relies on cases of social activities or policy studies; there is no
special legal form (Pratono et al., 2016) Grounded Theory research design. Generating Empathy
Marketing Theory is divided into 5 dimensions: Market Research; SE; Empathy; Psychological
Awareness; Marketing Patterns. The implications of the Empathy Marketing theory pattern are a
condition for achieving SE business continuity. Empathy Marketing Theory is a powerful
strategy to maintain SE business continuity.
Keywords: Social Enterprise; Empathy Marketing Theory; Social Enterprise Sustainability;
Sociopreneur
2
27. AN INVESTIGATION OF UNEXPECTED FORMS OF CAPITAL IN SMALL AND
MEDIUM ENTERPRISES (SMES)
Reni Furwanti
Sunan Kalijaga State Islamic University
Dini Maulana Lestari
Sunan Kalijaga State Islamic University
Hardiyono
Entrepreneurship, STIE AMKOP Makassar
Ifah Fiatry Latiep
Digital Business, University of Megarezky Makassar
ABSTRACT
As the shift of economy towards knowledge and innovation, intellectual capital has become no
less important than nowadays because it becomes one of key elements in creating value and
sustainable business in facing global market challenges. This research focuses on investigating
the interconnections between the various forms of capital, particularly psychological and social
capitals toward enterprises’ intellectual capital. To fill the gap, this research proposes a new
construct which is known as religious-psychological capital to accommodate the certain issues in
the domain of economics relating to ethic, culture, and beliefs. This is an explanatory research
approaching by quantitative with survey method. G-Form is used to distribute the questionnaire
gathering 104 responses. Structural Equation Model (SEM) is used to create an in-depth analysis.
Empirically, the result shows that all hypotheses are supported, and the model is validated. The
findings of this research shed the light on SMEs’ actors for not only focusing on physical capital
but also improving intellectual capital throughout religious-psychological and social capitals’
interconnection to maintain and create the sustainability of their businesses.
Keywords: Religious Psychological Capital, Social Capital, Intellectual Capital, Small and
Medium Enterprises.
3
28. FINDING COMMON GROUND: COMPARATIVE STUDY OF FIQH MUAMALAH
AND MODERN BUSINESS ETHICS
Ickhsanto Wahyudi
Program Doktoral Perbankan FEB Universitas Islam Syarif Hidayatullah Jakarta
Euis Amalia
Program Doktoral Perbankan FEB Universitas Islam Syarif Hidayatullah Jakarta
Rini
Program Doktoral Perbankan FEB Universitas Islam Syarif Hidayatullah Jakarta
ABSTRACT
Business ethics provides guidance on how companies should conduct business in a responsible
and ethical manner. This study compares the principles of business ethics in Islamic fiqh
muamalah and modern business ethics. Fiqh muamalah refers to Islamic commercial
jurisprudence that regulates business transactions based on Islamic teachings. Using a
comparative qualitative approach, this study analyzes the similarities and differences between the
key ethical principles in fiqh muamalah and modern business ethics, including justice, honesty,
prohibitions on riba and gharar. The results indicate that while both fiqh muamalah and modern
business ethics emphasize ethical values such as justice and honesty, fiqh muamalah also
prohibits riba and gharar which are allowed in modern business practices. However, there are
also underlying similarities in promoting ethical and responsible business conduct. The findings
imply that modern businesses can benefit by integrating certain Islamic ethical principles to
strengthen business ethics frameworks. This study contributes to the literature by offering a
comparative perspective on business ethics from the Islamic and modern viewpoints. Further
research can expand the analysis of other areas of divergence and convergence between Islamic
and modern business ethics.
4
29. SYNERGY AND INNOVATION TOWARD INDONESIA HALAL TOURISM
SUSTAINABILITY: A CASE STUDY OF LOMBOK
Puput Yanita Senja
Faculty of Ushuluddin and Da’wa, UIN Raden Mas Said Surakarta
UI Halal Centre, Universitas Indonesia
Wahyu Dian Silviani
Centre for Science and Technology, UIN Raden mas Said Surakarta
ABSTRACT
[Background] Indonesia has the potential to become one of globally recognized world's best
halal tourist destinations. In June 2023, Indonesia was ranked first in the world's halal tourism
according to the GMTI (Global Muslim Travel Index) for 2023. The development of the tourism
sector in Indonesia is currently focusing on quality by adding sustainable sub-criteria in the
Environment aspect. The Indonesian Ministry of Tourism and Creative Economy in 2019 is
targeting Muslim tourist visits of 25% of the total foreign tourist arrivals. However, until the end
of 2022, this target has not been achieved. Lombok, as the main halal tourist destination in
Indonesia, is expected to be able to contribute to increasing Muslim tourist visits so that targets
are met. To achieve this, synergy and innovation between stakeholders is needed. However,
currently there are still many pros and cons coming from stakeholders regarding halal tourism
policies in Lombok. [Purpose] This study aims to explore the pros and cons of implementing
halal tourism as well as the synergy and innovation of stakeholders in maintaining the
sustainability of halal tourism in Lombok. [Novelty] Discussion on halal tourism with
sustainable criteria from a business and environmental perspective in relation to stakeholder
synergy and innovation is still limited. [Method] This study used a qualitative research method
with a case study approach. Data comes from observations and interviews from stakeholders
(government, private, community) who play important roles in the sustainability of halal tourism
in Lombok. The data obtained was then analyzed using atlas.ti software to obtain more credible
data representation. [Findings] The implementation of halal tourism in Lombok reaps pros and
cons among stakeholders. Stakeholders who are in favor of halal tourism become more concern
about the halal status of products sold to support the synergy of the sustainability of halal tourism
in Lombok. Some stakeholders have also implemented environmentally friendly approaches to
meet the criteria of environmental aspects of the sustainability of halal tourism. The
implementation of halal tourism in Lombok requires awareness, shared perceptions, and
stakeholder cooperation. The synergy of stakeholders can help maintain the sustainability of
halal tourism in Lombok. Meanwhile, stakeholders who are critical about halal tourism share
different perception of what is halal tourism with government which arise because of lack of
outreach from the government and the fact that the percentage of non-Muslim foreign tourists
5
30. visiting is much higher than Muslim tourists. These are both challenges as well as a source of
innovation in maintaining the sustainability of halal tourism in Lombok. Some of the suggested
innovations by the stakeholders to bring in Muslim tourists are opening direct flights directly to
Lombok from the targeted countries, hosting international events, such as sport tourism
(motoGP) or global political meetings (G20 Summit), outreach involving the community &
tourism agents, and branding through social media. [Conclusion] The implementation of halal
tourism in Indonesia, especially in Lombok, still reaps pros and cons. The sustainability of halal
tourism in Indonesia depends on the innovation and synergy of all stakeholders involved.
Keywords: sustainable halal tourism, environment, synergy, innovation, stakeholders
6
31. THE ROLE OF ISLAMIC PRINCIPLES IN PROMOTING SUSTAINABLE
OPERATIONS IN THE BUSINESS SECTOR AMONG MUSLIM MILLENNIALS: THE
SMARTPLS APPROACH
Herianti
State Islamic University Alauddin Makassar, South Sulawesi, Indonesia
Murtiadi Awaluddin
State Islamic University Alauddin Makassar, South Sulawesi, Indonesia
Siradjuddin
State Islamic University Alauddin Makassar, South Sulawesi, Indonesia
ABSTRACT
The business sector plays an important role in driving economic growth and development in the
world. However, the profit motive sometimes comes at the expense of environmental
sustainability and social responsibility. In recent times, there has been increasing interest in
integrating Islamic principles into business practices to promote sustainable operations. Islamic
principles, derived from the teachings of the Koran and Hadith, emphasize ethical behavior,
social justice, and environmental stewardship. These principles provide a comprehensive
framework for conducting business activities in a sustainable and responsible manner. With the
rise of the Muslim millennial generation who are increasingly aware of their faith and the need
for sustainable practices, there is an opportunity to explore how Islamic principles can be applied
effectively in the business sector.
This research is generally a complement to previous studies hose research focusing not to
elaborate on the integration of the business sector with Islamic principles in promoting
sustainable operations. Furthermore, this article specifically aims to explore the role of Islamic
principles in encouraging sustainable operations in the business sector, especially among the
Muslim millennial generation. So it is hoped that this article can be used as a rationale for
creating a framework and standard guidelines for the application of Islamic principles in business
operations. Overall, this research contributes to the literature related to the relationship of the
business sector and Islamic principles in the context of its role in promoting sustainable
operations.
Data collection will be carried out in two months (July-August 2023). In order to facilitate the
process, the sampling technique was carried out by distributing questionnaires among the
millennial generation of Indonesian Muslims. Specifically, the questionnaire was distributed
online in the form of a Google form via social media, Whatsapp, etc. For the minimum sample
7
32. requirement to use multivariate analysis of this study is ten times the number of research
instruments. The analysis will be carried out using the Partial Least-Squares Structural Equation
Modeling Technique (PLS-SEM) using SmartPLS software version 4.0.9.5. SEM-PLS data
analysis will be carried out in two steps: First, the measurement model analysis. This analysis is
basically a test of validity and reliability. Validity testing will be determined by convergent and
discriminant validity. The reliability test will be measured by Cronbach's alpha score. Second,
structural model analysis. The criteria that must be met for structural analysis are having a
weighted statistical significance PValue <0.05, and having an R2 value of 0.75 (strong), 0.50
(moderate), 0.25 (weak), 0.90 (overfit). Adjusted R-Square values higher than 0.25 and 0.50
illustrate the relevance of small, medium and large predictions in the model.
The findings of this study will provide insights and recommendations for businesses that wish to
align their operations with Islamic principles, so that they can have a positive impact on social
life and the surrounding environment.
Keywords: Islamic Principles, Business Sector, Sustainable Operations, SmartPLS Approach
8
33. ARE INDONESIANS HOMO ISLAMIKUS? STUDY OF SWITCHING INTENTION TO
PRODUCTIVE DIGITAL BEHAVIOR OF INDONESIAN E-COMMERCE USER
Irma Yuliani
Faculty of Islamic Economics and Business, State Islamic Institute of Ponorogo
Annisa Nursalam
Faculty of Islamic Economics and Business, Sunan Gunung Djati Bandung
Siti Nur Azizah
Department of Islamic Banking, Faculty of Islamic Economics and Business, Sunan Kalijaga
ABSTRACT
The use of e-commerce in Indonesia is still dominated by consumptive activities. In fact, the use
of e-commerce for productive activities can be carried out and has a positive impact on the
economy. This study aims to find the switching factors of society from consumptive to
productive use of e-commerce behavior. In addition, this study aims to see the influence of the
Homo Islamicus variable in influencing the switching behavior. Primary data was collected from
231 respondents using e-commerce in Indonesia based on distributing questionnaires online and
using a purposive sampling technique. Based on SEM-PLS data analysis, push effects (impulse
buying attributes, homo islamicus attributes) are not able to explain switching decisions on
productive behavior during e-commerce usage. Pull effect factors (perceived usefulness,
perceived ease of use, attitude toward e-commerce, marketing mix) are generally able to explain
switching decisions on productive behavior during e-commerce use. Meanwhile, the mooring
effect (propensity to risk, tolerance of ambiguity, perceived educational support) also shows a
positive influence on switching decisions.
Keywords: E-Commerce, Push-Pull-Mooring, Switching Intention
JEL : D12, G41, D91
9
34. ENVIRONMENTAL UNCERTAINTY AND SUSTAINABLE GROWTH: THE
MODERATING ROLE OF INNOVATION EFFICIENCY
Andi Kushermanto
Universitas Pekalongan, Pekalongan, 51119, Indonesia
Inayah Risqi Alisa
Universitas Gadjah Mada, Yogyakarta, 55281, Indonesia
Dinda Ayu Shafarani
Universitas Pekalongan, Pekalongan, 51119, Indonesia
Hana Zulfania
Universitas Pekalongan, Pekalongan, 51119, Indonesia
ABSTRACT
This study aims to examine the influence of environmental uncertainty on sustainable growth
and the moderating role of innovation efficiency. The population of this study is sharia rural
banks in Central Java for the 2018–2022 period. The sample of this study obtained through the
purposive sampling method has 25 sharia rural banks that meet the criteria, which cover 125
observations. The data analysis technique used is PLS-SEM version 8.0 software. This study
shows that environmental uncertainty has a negative and significant effect on sustainable growth.
Furthermore, the moderating test shows that innovation efficiency weakens the influence of
environmental uncertainty on sustainable growth. This study provides evidence relating to the
importance of innovation efficiency in maintaining the sharia rural bank’s sustainable growth in
an uncertain environment. The findings will be helpful for the sharia rural bank managers to
improve their innovation efficiency in managing the negative effects of environmental
uncertainty.
Keywords: sustainable operations, sharia rural bank, sustainability, environmental uncertainty,
innovation efficiency
10
35. THE ROLE OF THE CREATIVE ECONOMY IN INCREASING THE INCOME OF
SONGKET WORKSHOPS REVIEWED IN THE PERSPECTIVE OF ISLAMIC
BUSINESS ETHICS (CASE STUDY OF SONGKET ARTICLES IN PALEMBANG
CITY)
Amir Salima
Sekolah Tinggi Ekonomi dan Bisnis Syariah (STEBIS) Indo Global Mandiri
Anggun Purnamasarib
Institut Agama Islam Nahdlatul Ulama Sumatera Selatan
Doly Nopansyahc
Sekolah Tinggi Ekonomi dan Bisnis Syariah (STEBIS) Indo Global Mandiri
ABSTRACT
The creative economy brings about a sustainable economy built on innovation, whose purpose is
to make money in many social areas. Songket craftsmen, who create, produce, distribute, and
produce artisans, are one sort of creative economy. Songket craftspeople believe that there is a
societal divide that makes songket weaving less successful as it develops. This forces songket
craftsmen to participate in the development of innovative items in order to draw customers. This
research examines how songket craftsmen can increase their income. This kind of field study
employs qualitative descriptive methodologies, interview-based data collection procedures, and
documentation. The study's findings demonstrate that songket craftsmen play a crucial role in the
creative economy. namely: increasing consumer demand for new inventions so that companies'
products advance; raising income; and fostering the creation of new jobs. Islamic business ethics
are applied to songket craftsmen's activities in terms of managing, caring for, profitability, and
responsibility.
Keywords: Creative Economy, Songket Craftsmen, Islamic Business Ethics
11
36. 8 Gadjah Mada
International Conference on Islamic
th
Economics and Development GAMAICIED
Accounting and Finance GAMAICIAF
Business Research GAMAICIBR
BOOK OF
ABSTRACTS
“Sustainable Development through Islamic Finance:
Opportunities and Challenges in Accounting, Business, and
Economics”
ROOM 4
www.gamaici.feb.ugm.ac.id
37. List of Content
PRACTICAL INNOVATION OF ESG-LINKED ISLAMIC SME FINANCING PRODUCT
DEVELOPMENT TOWARD PROSPERING HALAL-THAYYIB ISLAMIC SUSTAINABLE
FINANCE PRACTICE IN ISLAMIC FINTECH INDUSTRY: A REAL CASE STUDY OF
ALAMI SHARIA P2P.....................................................................................................................2
ENERGY TRANSITION AND INCREASED ROLE OF ISLAMIC SOCIAL FINANCE FOR
FINANCING RENEWABLE ENERGY PROJECTS IN INDONESIA.........................................4
ZAKAT AND ITS ROLE IN ACHIEVING SUSTAINABLE DEVELOPMENT GOALS
(SDGS) IN INDONESIA: AN EMPIRICAL STUDY....................................................................5
ISLAMIC BANKING’S CONTRIBUTION TO INDONESIA’S SUSTAINABLE ECONOMY..6
THE IMPACT OF HALAL BRANDING FOR ECONOMIES BARRIER TO ENTRY
THROUGH EDAMAME INTERNATIONAL TRADE.................................................................7
THE EFFECT OF JOB INSECURITY AND LEADER MEMBER EXCHANGE ON
EMPLOYEE PERFORMANCE WITH SUBJECTIVE WELL-BEING AS MEDIATOR AND
PSYCHOLOGICAL CAPITAL AND METACOGNITIVE CULTURAL INTELLIGENCE AS
MODERATOR.................................................................................................................................8
DESIGNING SUSTAINABLE CORPORATE CULTURE TRANSFORMATION PROGRAM
TO ACCELERATE ADOPTION JOURNEY OF CORE VALUE AND BEHAVIORS (CVB) BY
TNB RENEWABLE SDN. BHD : AN APPLIED CASE STUDY OF RENEWABLE ENERGY
CORPORATION OWNED BY GOVERNMENT OF MALAYSIA.............................................. 9
38. PRACTICAL INNOVATION OF ESG-LINKED ISLAMIC SME FINANCING
PRODUCT DEVELOPMENT TOWARD PROSPERING HALAL-THAYYIB ISLAMIC
SUSTAINABLE FINANCE PRACTICE IN ISLAMIC FINTECH INDUSTRY: A REAL
CASE STUDY OF ALAMI SHARIA P2P
Firmansyah Shidiq Wardhana
Head of Strategic Project Management, ALAMI Sharia / HIJRA Group
ABSTRACT
Sustainability issues, like growing inequality and the deterioration of natural livelihood make the
transformation to a more sustainable economic system increasingly desirable and emerging.
Moreover, the world is now dealing with unstoppable effects of global warming and
socioeconomic problems such as rising sea level, extreme temperature inclination, unpredictable
flooding, scalable wildfire, income inequality, multidimensional poverty and difficulty in
accessing basic education as well as health facility experienced by middle down society level.
Thus, sustainable development calls for integration of triple bottom line namely environmental
protection, economic empowerment and social inclusion to the organisations, commonly phrased
as corporate sustainability transformation and ESG integration.
Moreover, organisations are increasingly recognising that their policies and practices contribute
to heightened social disparity, economic imbalance and environmental degradation. As a result,
they have started to adopt and transition to fundamental elements of sustainability into their
business practices. They also understand the need to drive business change, advocate for policy
shifts towards sustainability, develop finetuned sustainable business model innovation and
exemplary ESG standards by implementing holistic corporate sustainability transformation as its
core organisational strategy and guiding principle. More importantly, the product development
and programmatic innovation are some of the critical and major areas where industry could
depict the ESG and sustainability commitment in advanced and action-based manner.
This study aims to provide cutting edge and end-to-end innovative solutions in the discovery,
conceptualisation, structuring, mechanisation, and piloting implementation of new product
development activities of Islamic Sustainable Finance namely ESG-Linked Islamic SME
Financing Product that covers the integration of ESG (Environmental, Social and Governance)
aspects to be embedded mainly for Sharia-compliant working capital financing and
underlying-based trade financing purpose for small and medium enterprises (SME) which is
currently being practised in the one of prominent Islamic Financial Technology (Fintech)
industry namely ALAMI Sharia headquartered in Republic of Indonesia.
2
39. This paper employs qualitative method that undertakes actual firm-level case study approach
undertaken and implemented by the researcher where he is currently working and serving in
Indonesia Islamic Fintech industry where the items whom are being publicised could be
developed and broadened for the sake of Islamic Finance industry advanced specifically in the
area of sustainable financing product innovation, structuring and development.
Furthermore, this research shows that ALAMI Sharia is reputably known as one of strong first
movers from Islamic financial service sector in Indonesia specifically Islamic Fintech realm that
incorporates sustainability and ESG to its core DNA and long-term business strategy pillar
including its product development, impact creation and new innovation. ALAMI Sharia is also
one of major Islamic fintech in global settings that has issues and developed one-of-its-kind
Sharia-Compliant Sustainable Financing Product to prosper the financial facilitation and robust
development of SMEs in Indonesia integrated with ESG components that aim to integrate
Maqashid Sharia toward the achievement of Halal-Thayyib concept, and UN Sustainable
Development Goals in current fast-changing digital world.
Keywords: Islamic Finance, Sustainable Finance, SME Financing, Sustainable Fintech, Green
Finance, Islamic Fintech, Islamic Sustainable Finance, Islamic Fintech, Sustainable Product
Development, ESG Linked Financing, Islamic SME Financing, Halal-Tahyyib Concept, Islamic
Sustainable SME Financing, Impact Investing, New Innovation on Islamic Finance
3
40. ENERGY TRANSITION AND INCREASED ROLE OF ISLAMIC SOCIAL FINANCE
FOR FINANCING RENEWABLE ENERGY PROJECTS IN INDONESIA
Purnadi
Syarif Hidayatullah State Islamic University Jakarta, Indonesia
Ahmad Rodoni
Syarif Hidayatullah State Islamic University Jakarta, Indonesia
M. Arief Mufraini
Syarif Hidayatullah State Islamic University Jakarta, Indonesia
Titi Dewi Warninda
Syarif Hidayatullah State Islamic University Jakarta, Indonesia
ABSTRACT
Renewable energy is environmentally friendly energy, its use needs to be developed considering
the impact of fossil energy use so far has endangered human life. The government has
encouraged Energy Transition, but until now the use of Renewable Energy is still small, mainly
constrained by financing problems related to the not-so-good economic level of the project. The
government cannot walk alone, it needs a financing scheme that is also supported by social funds
from the community. In this case, Islamic Social Finance can play a greater role in the Blended
Finance concept to finance renewable energy projects that have an environmental social impact
in line with maqashid sharia. The purpose of this paper is to develop the role of Islamic Social
Finance in Islamic Blended Finance and the regulations needed so that it can be implemented
into a financing scheme that is expected to become an alternative solution to the difficulty of
Renewable Energy Projects getting financing. Previous research is still limited considering this
topic is relatively new. The research uses a descriptive qualitative methodology with a literature
study method supported by both primary and secondary data.
Keyword: islamic social finance, islamic blended finance, blended finance, renewable energy,
energy transition, islamic commercial finance
4
41. ZAKAT AND ITS ROLE IN ACHIEVING SUSTAINABLE DEVELOPMENT GOALS
(SDGS) IN INDONESIA: AN EMPIRICAL STUDY
Sulaeman
R-square Research Consulting, Indonesia
Asma Munifatussa’idah
Universitas Muhammadiyah Yogyakarta, Indonesia
ABSTRACT
As Islamic social finance, zakat has the potential to support the achievement of the Sustainable
Development Goals (SDGs) in Indonesia. The economic pillar, the social pillar, and the
environmental pillar are the three core pillars of the SDGs. This study aims to analyze the role of
zakat in achieving the three main pillars of the SDGs in Indonesia for the period 2002– 2021.
Using multiple regression model estimation, we found that (1) in terms of the economic pillar,
zakat has a positive contribution to boosting national economic growth and also decreasing the
unemployment level in Indonesia. (2) In terms of the social pillar, zakat not only contributes to
decreasing poverty but also to the increasing level of education in Indonesia. In addition, (3) in
terms of the environmental pillar, zakat in Indonesia also contributes to improving and
supporting access to clean water and sanitation for all Muslim communities, especially poor
people. Therefore, we concluded that zakat has a positive impact on social and economic welfare
as well as on overcoming environmental problems. Further, for the robustness test, the model in
this research is stated to be robust. The empirical findings are expected to provide an alternative
policy for government authorities to continue to create and promote zakat programs to support
the achievement of the main pillars of the SDGs in Indonesia.
Keywords: Zakat, SDGs, Social Pillar, Economic Pillar, Environmental Pillar, Empirical Study,
Indonesia
JEL Classification: A13, C30, O10, P28
5
42. ISLAMIC BANKING’S CONTRIBUTION TO INDONESIA’S SUSTAINABLE
ECONOMY
Diyah Ariyani
Universitas Islam Negeri Salatiga, Indonesia
Erlinda Sholihah
Sekolah Tinggi Ilmu Ekonomi Studi Ekonomi Modern, Indonesia
ABSTRACT
Indonesia had great economic growth and has progressed in the Islamic financial system. The
study aimed to determine the effect of BOPO, ROA, ROE, Financing, and NPF on economic
growth (GDP). This study used Islamic banking quarter data, including BUS and UUS, with a
total sample of 22 Islamic banks. And using the VECM approach to determine the influence of
independent variables on dependent variables over a long time. The study limited the scope to
ten years, from 2012 to 2021, where data is available for all variables used in this study. The
results showed a significant relationship in the long term between the variables BOPO, ROE,
Financing, and NPF to GDP. Also, a one-way causal relationship exists between financing and
GDP. GDP has a significant impact on financing. This study is different from previous studies
because it uses the latest data and uses the VECM method to see relationships in the long term.
Keywords: VECM, Islamic banking, GDP, Sustainable
6
43. THE IMPACT OF HALAL BRANDING FOR ECONOMIES BARRIER TO ENTRY
THROUGH EDAMAME INTERNATIONAL TRADE
Nikmatul Masruroh
Universitas Islam Negeri Kiai Haji Achmad Siddiq Jember
Moehammad Fathorrazi
Universitas Jember
ABSTRACT
The International trade positions countries in global competition to become market leaders. The
shift in the international trade model which initially relied on comparative advantage to become a
competitive advantage has an impact on the innovation and creativity possessed by each industry
in a country, because a country will not achieve a competitive nation if the industry in it does not
have a competitive advantage. This problem began to require producers to always innovate so
that their business can remain competitive and be able to contribute to the country's income.
Branding is a way for companies to promote their products and internalize their products to
consumers. Branding is an effort by producers to shift consumer interest in the products they
produce. In contrast to this, halal is a form of branding based on religiosity. Halal branding is
carried out by producers at the request of consumers through government regulations, namely
Law no. 33 of 2014. Thus, halal branding does not come from producers but comes from
consumers. This is not in line with the theory of Jean Baptise Say which states "supply create its
own demand". Because, halal branding comes from consumers so that producers change their
production behavior. Therefore, the problems raised in this dissertation are how to realize halal
branding in international trade of edamame products and how to position companies with halal
branding in international trade of edamame products. In order to solve this problem, used
qualitative research methods with phenomenological types to explore the experiences of business
actors in doing halal branding on their products. The data that has been collected was analyzed
descriptively and interpretively following the path of Miles and Huberman. The results of data
analysis that have been carried out state that halal branding owned by the company will be able
to stem competitors in the global market. Halal branding is able to make the resulting product
into a differentiated product with a product that has a halal value chain. So that halal branding
can be a barrier to entry in international trade. So far, there have only been legal barriers to entry
and economies barrier to entry. So this research in addition to proving the theory of trade with
competitive advantage, This research also offers a safety barrier to entry as a form of entry
barrier. Safety barriers to entry are barriers to entry in global competition in terms of quality,
safety, halalness and product health, starting from the process until the product is in the hands of
consumers. Safety can be a barrier to entry because not all companies can realize this in the
products they produce.
Keywords: Halal branding, international trade, barrier to entry
7
44. THE EFFECT OF JOB INSECURITY AND LEADER MEMBER EXCHANGE ON
EMPLOYEE PERFORMANCE WITH SUBJECTIVE WELL-BEING AS MEDIATOR
AND PSYCHOLOGICAL CAPITAL AND METACOGNITIVE CULTURAL
INTELLIGENCE AS MODERATOR
Dediek Tri Kurniawan
Faculty of Economics and Business, Universitas Negeri Malang, Indonesia
Widya Prastya Krismawati
Faculty of Economics and Business, Universitas Negeri Malang, Indonesia
Yesiana Ihda Kusnayain
Faculty of Economics and Business, Universitas Negeri Malang, Indonesia
ABSTRACT
Introduction/Main Objectives: Job securities one of the most influential work stressors for
employees. This study examines the effect of job insecurity on job performance mediated by
subjective well-being, and the influence of leader member-exchange on subjective well-being of
assurance company in Malang. Background Problems: This study also analyzes the role of
psychological capital as a mediator of job insecurity on subjective well-being. being and
metacognitive cultural intelligence as a leader member-exchange mediator on subjective
well-being of employees of assurance company. Novelty: This study gives deeper understanding
about factors that influence of employee performance through the role mediating and moderating
effect. Research Methods: The analytical method used is SEM-PLS (PLS) with SmartPLS 3
software. Finding/Results: The results obtained confirm that job insecurity has a negative effect
on subjective well-being. Psychological capital variables with dimensions of self-efficacy,
optimism, hope, and resilience were not proven to have a moderating effect on job insecurity on
subjective well-being and metacognitive cultural intelligence variables were not proven to have a
moderating effect on leader member-exchange on subjective well-being. Conclusion: the job
insecurity variable has been shown to have a negative and significant effect on subjective
well-being of assurance employees. It will enlarge the literature of employee behavior and
performance.
Keywords: Job Insecurity, leader member-exchange, subjective wellbeing, job performance
JEL Classification: M54, O15, I13
8
45. DESIGNING SUSTAINABLE CORPORATE CULTURE TRANSFORMATION
PROGRAM TO ACCELERATE ADOPTION JOURNEY OF CORE VALUE AND
BEHAVIORS (CVB) BY TNB RENEWABLE SDN. BHD : AN APPLIED CASE STUDY
OF RENEWABLE ENERGY CORPORATION OWNED BY GOVERNMENT OF
MALAYSIA
Firmansyah Shidiq Wardhana, MBA
INCEIF University, Malaysia
Hanis Syahrilla Salim, MBA
INCEIF University, Malaysia
Rosharizal Ahmad
INCEIF University, Malaysia
ABSTRACT
This case study presents a mixed method or quasi qualitative and qualitative research by using
exploratory approach about core corporate values and behaviors adopted by TNB Renewable
Sdn. Bhd. (TRe), newly established organization by Malaysia Government which drives and
pioneers the implementation of renewable and clean energy alternatives, and sustainability shift
for Malaysia and Southeast Asia as a subsidiary of Tenaga Nasional Berhad (TNB). This paper
investigates (1) its adoption of core values and behaviors throughout the organization, (2)
employee perceptions toward those core corporate values, (3) impacts of its adoption on
employees performance and (4) concluded with policy and corporate culture-based program
recommendations to stimulate deeper adoption and implementation toward its newly reimagined
corporate core value and behaviors.
Primary data were obtained in a series of interviews with seniors leaders encompassing its
managing director and also human resources key lead. Moreover, close-ended questionnaires
were also distributed through a simple random sampling method to gain insights from TRe
employees in drawing validity and reliability through their insights in a quantitative manner.
Upon completion of this practical case study, it is expected that it could be valuable research
result for sustainable organizational behavior specifically in the field of corporate values and
behaviors adoption and corporate culture initiatives and transformation programmatic
recommendation to increase its awareness and accelerate adoption journey to the next steps as
organization that renowned as renewable energy developer and asset manager that leads, drives
and induces for Sustainability business practice in Malaysia and Southeast Asia.
9
47. 8 Gadjah Mada
International Conference on Islamic
th
Economics and Development GAMAICIED
Accounting and Finance GAMAICIAF
Business Research GAMAICIBR
BOOK OF
ABSTRACTS
“Sustainable Development through Islamic Finance:
Opportunities and Challenges in Accounting, Business, and
Economics”
ROOM 5
www.gamaici.feb.ugm.ac.id
48. List of Content
WHATS IS THE MAIN PROBLEM AND SOLUTION OF THE WAQF-BASED HOUSING
BUSINESS.......................................................................................................................................2
CATALYZING SUSTAINABLE DEVELOPMENT: EFFICIENCY AND PRODUCTIVITY
ANALYSIS OF ZAKAT INSTITUTIONS IN INDONESIA..........................................................3
THE INFLUENCE OF DIGITAL ZAKAT SERVICES IN LAZISMU JATIM ON MUZAKKI
LOYALTY WITH INSTITUTION IMAGE AS A VARIABLE MODERATING..........................4
DO MANAGERS OF ISLAMIC ENDOWMENT FUND INTEND TO BE MORE
ACCOUNTABLE AND TRANSPARENT? ADOPTION OF WAQF ACCOUNTING SYSTEM
INNOVATIONS...............................................................................................................................5
FINANCIAL INCLUSION DISCLOSURE IN SUPPORTING SDG 1 OF POVERTY
ALLEVIATION: INDONESIAN ISLAMIC BANKS.................................................................... 6
FOSTERING ECONOMIC INCLUSION IN EAST JAVA: UNVEILING THE INFLUENCE OF
SHARIA-BASED FINANCIAL INSTITUTION NETWORKS.................................................... 8
POTENTIAL IMPLEMENTATION OF BLOCKCHAIN TECHNOLOGY IN ZAKAT INFAQ,
SHADAQAH, AND WAKAF INSTITUTIONS.............................................................................9
A LESSON LEARNED FROM BANK SYARIAH INDONESIA (BSI) ERROR SERVICE: A
TWITTER TEXT MINING DATA APPROACH USING NVIVO..............................................10
49. WHATS IS THE MAIN PROBLEM AND SOLUTION OF THE WAQF-BASED
HOUSING BUSINESS
Farokhah Muzayinatun Niswah
Universitas Indonesia, Depok, Indonesia
Nurwahidin
Universitas Indonesia, Depok, Indonesia
Nurul Huda
YARSI University, Jakarta, Indonesia
ABSTRACT
Productive waqf can be used for business development, and the profits from the business are
used for social projects. One is the housing business by combining land and cash waqf. The
commercial housing business has a high economic value to maintain the value of waqf and
business continuity. Waqf land was developed into sharia housing and leased. One of the
waqf-based housing businesses already running is the housing managed by Dompet Dhuafa, a
well-known nazhir agency in Indonesia. However, in running the business, various problems still
require the right solution to improve this business. This study analyzes the priority problems and
their solutions in waqf-based housing development. This type of research is a mixed method
using the Analytic Network Process(ANP) approach. Data were obtained from in-depth
interviews with experts, practitioners, and academics in the waqf and housing sector. The results
show that waqf-based housing development problems arise from the side of the community,
nazhir, developer, and regulator. The priority issues obtained are waqf awareness from the
community aspect, then administration from the nazhir aspect, land status from the developer
aspect, and regulatory specifications from the regulatory aspect. At the same time, the priority
solutions are waqf awareness movements, socialization of the importance of carrying out land
certification for waqifs, checking the status of land permits, and detailing regulations related to
waqf asset management.
Keywords: Productive waqf, housing, commercialization of waqf, Analytic Network Process
(ANP)
2
50. CATALYZING SUSTAINABLE DEVELOPMENT: EFFICIENCY AND
PRODUCTIVITY ANALYSIS OF ZAKAT INSTITUTIONS IN INDONESIA
Syahdatul Maulida
Tazkia Islamic University College, Bogor, 16810, Indonesia
Aufa
Tazkia Islamic University College, Bogor, 16810, Indonesia
Mimma Maripatul Uula
Tazkia Islamic University College, Bogor, 16810, Indonesia
ABSTRACT
Zakat has great potential in Indonesia, both micro and macro. As a result, the amil zakat must
manage the zakat in a proper, trustworthy, and professional manner. Data Envelopment Analysis
(DEA) and Malmquist Index Productivity (MPI) methodologies are used in this study to examine
the effectiveness and productivity of zakat institutions in Indonesia for the study period of
2017–2021. The 10 Indonesian zakat institutions were employed as research subjects. The annual
financial reports of each institution for the years 2017 through 2021 provided the data for this
study. The study's input factors include operating costs, HR costs, and total assets. Meanwhile,
the output variable is the collection and distribution of zakat funds. According to the study's
findings, zakat institutions' output levels declined while their efficiency levels fluctuated during
the research period and tended to stabilize at its conclusion. Then, the Covid-19 pandemic
phenomena influence the production and efficiency of zakat organizations. Additionally,
according to the potential improvement analysis, the distribution of zakat, the output variable, is
the main source of inefficiency. The consequences of this study offer suggestions to regulators,
zakat managers, and researchers for more research on how to improve performance.
Keywords: Zakat Institutions, Efficiency, Productivity, DEA, MPI
JEL Classification: C14, L31
3
51. THE INFLUENCE OF DIGITAL ZAKAT SERVICES IN LAZISMU JATIM ON
MUZAKKI LOYALTY WITH INSTITUTION IMAGE AS A VARIABLE MODERATING
Alifia Bella Winanda
Trunojoyo Madura University, Indonesia
Elfira Maya Adiba
Trunojoyo Madura University, Indonesia
ABSTRACT
Digital services are one of the innovations that become a competitive advantage. The best service
is not only needed for bank customers, but other institutions dealing with customers also need it.
Services that can meet customer needs will make customers more happy to transact with these
institutions, including zakat institutions. This study aims to determine the effect of digital
services on the loyalty of muzakki LAZISMU East Java with institutional image as a moderating
variable. Data in this study were collected through a questionnaire. The data analysis technique
in this study is simple linear regression. The results of this study are that the digital service
variable has a positive effect on the muzakki loyalty variable with institutional image as the
moderating variable. Institutional image as a moderating variable qualifies as a pseudo
moderating variable(like control). Based on the results of this study, an innovative zakat
institution is needed in its services so as to make muzakki loyal in paying zakat.
Keywords: digitalization, muzakki, loyalty, institutional image
4
52. DO MANAGERS OF ISLAMIC ENDOWMENT FUND INTEND TO BE MORE
ACCOUNTABLE AND TRANSPARENT? ADOPTION OF WAQF ACCOUNTING
SYSTEM INNOVATIONS
Apia Dewi Agustin
Department of Accounting, Faculty of Economics and Business, Universitas Gadjah Mada,
Indonesia
Mahfud Sholihin
Department of Accounting, Faculty of Economics and Business, Universitas Gadjah Mada,
Indonesia
ABSTRACT
SAWUT, a web-based waqf accounting system, was developed to enhance transparency and
accountability among Islamic Endowment Fund managers (nazhir) in Indonesia by providing
AS112-compliant financial reports. This study aims to expand existing theories and address
research gaps in technology acceptance by investigating the behavioral intention of Indonesian
nazhir to adopt this innovative system, using the UTAUT2 model. More importantly, this study
added personal innovativeness in information technology and technology anxiety as the
predictors of the behavioral intention to adopt a technological innovation. By using a
questionnaire distributed to waqf managers who participated in SAWUT training and adopting
partial least squares structural equation approach, this study demonstrated that performance
expectancy and effort expectancy positively impact the behavioral intention of nazhir through
personal innovativeness. Additionally, this study found that social influence, the facilitating
condition, hedonic motivation, and price value positively affect the behavioral intention of
nazhir. Further, this study found age and gender moderate the relationship between the
facilitating condition and the behavioral intention, while gender moderates the relationship
between hedonic motivation and the behavioral intention. This study also found that the
educational background moderates the relationship between effort expectancy and PIIT, as well
as social influence and the behavioral intention of nazhir. In contrast, technology anxiety does
not significantly determine the behavioral intention in adopting SAWUT.
Keywords: Indonesia; personal innovativeness in information technology; SAWUT; technology
anxiety; UTAUT2; waqf.
5
53. FINANCIAL INCLUSION DISCLOSURE IN SUPPORTING SDG 1 OF POVERTY
ALLEVIATION: INDONESIAN ISLAMIC BANKS
Zakiyatul Fakhiroh
Universitas Gadjah Mada, Indonesia
Wuri Handayani
Universitas Gadjah Mada, Indonesia
ABSTRACT
Purpose - This paper aims to evaluate the compliance level of sustainability reporting disclosure
by Islamic banks in Indonesia, particularly regarding the efforts toward the achievement of
financial inclusion to support Sustainable Development Goal 1, no poverty.
Design/methodology/approach - To achieve the objective of this paper, content analysis is
adopted. The samples for this study are obtained through purposive sampling techniques,
resulting in 11 Sharia banks in Indonesia with a three-year reporting period of 2020, 2021 &
2022, totalling 33 sustainability reports. The reports were analyzed based on three sustainability
disclosure standards, namely POJK No.51/POJK.03/2017, SASB and GRI.
Findings - The analysis results based on the overall average conclude that Bank Victoria Syariah
and Bank Panin Dubai Syariah have a "Poor" level of disclosure with an index score below 50%,
indicating low disclosure levels in terms of financial inclusion. On the other hand, Bank Mega
Syariah and Bank Bukopin Syariah show a " Progress to be Made" level of disclosure with index
scores of 57% and 64%, respectively. Several other banks, such as Bank Aceh Syariah, BPD
Riau Kepri Syariah, BPD Nusa Tenggara Barat Syariah, Bank Muamalat Indonesia, Bank Jabar
Banten Syariah, BCA Syariah, Bank Tabungan Pensiunan Nasional Syariah receive a "Very
Good" rating in terms of financial inclusion disclosure.
Research limitations/implications – This research is limited to the subjectivity of the content
analysis method. The findings have significant implications for enhancing the understanding of
sustainable finance and the role of Islamic banks in achieving financial inclusion. Additionally,
they provide validation and testing of the disclosure frameworks of POJK, SASB, and GRI.
Practical implications - The implications for Islamic banks can help improve the disclosure of
information related to their sustainability practices in comprehensive and informative
sustainability reports, including relevant information about their financial inclusion programs.
Another practical implication relates to the role of the Financial Services Authority (OJK), which
needs to enhance its supervision of sustainable finance practices and sustainability reporting in
the Islamic banking sector. The OJK also has a responsibility to issue incentives, such as the
Sustainable Finance Award, for Islamic banks that successfully implement sustainable finance
practices and publish timely sustainability reports.
Originality/value - In 2017, the Indonesian Financial Services Authority (Otoritas Jasa
Keuangan) stipulated regulation No.51/POJK.03/2017 concerning sustainability finance and
6
54. mandated that financial institutions develop the action plan, implement and disclose all the
activities in their sustainability report. Since the level of financial inclusion of Indonesian Islamic
banks is relatively low, which is only 9,06%, compared to conventional financial services
reaching 73,88%; thus the compliance of financial services to the regulation needs to be
evaluated. At the global level, KPMG reported that only 37% of financial service companies
include SDGs in their report. This indicates that the role of the financial industry in supporting
SDGs is still low.
Type of paper - research paper
Keywords: Sustainability Development Goals (SDGs), Financial Inclusion, Disclosure, Islamic
Banking.
7
55. FOSTERING ECONOMIC INCLUSION IN EAST JAVA: UNVEILING THE
INFLUENCE OF SHARIA-BASED FINANCIAL INSTITUTION NETWORKS
Arif Riansyah
Institute of Transportation and Logistic Trisakti, Indonesia
Mohammad Sihabudin Al Qurtubi
Airlangga University, Indonesia
Riyanna Shabrina
Airlangga University, Indonesia
ABSTRACT
This research examines how Sharia-based financial institutions encompassing Banks, People's
Credit Banks, Cooperatives, and Mosques have transformed economic growth and financial
inclusion in East Java from 2006 to 2021. Unlike prevailing literature highlighting digital
banking's role in fostering financial inclusion, this study emphasizes the unexplored
contributions of cooperatives and mosques. These entities, through direct capital distribution and
Ziswaf-centric initiatives, play a pivotal role in shaping financial landscapes. The multiple linear
regression method is used to study economic growth and financial inclusion using credit and
Third-Party Funds (DPK) ratios encapsulated by the Inclusive Economic Development Index.
The findings reveal a significant positive link between cooperative proliferation and the Sharia
Bank network with economic growth (credit ratio). Similarly, the Sharia Bank network is a
critical catalyst for financial inclusion (DPK ratio), augmenting it by nurturing funds. These
complex interrelations are influenced by the region's restrained digital banking adoption,
reflecting an aging, non-productive demographic and geographically rooted cooperative
initiatives, especially in remote areas.
Keywords: Financial inclusion; Financial network; Third-Party Funds (DPK); Per Capita Gross
Regional Domestic Product (GRDP); East Java
JEL Classification: E21, G21
8
56. POTENTIAL IMPLEMENTATION OF BLOCKCHAIN TECHNOLOGY IN ZAKAT
INFAQ, SHADAQAH, AND WAKAF INSTITUTIONS
Saipul Haq
Sharia Economics Study Program, Faculty of Islamic Religion, Yogyakarta Muhammadiyah
University, Indonesia
ABSTRACT
The purpose of this research is to find out the potential implementation of blockchain technology
in zakat, infaq, shadaqah and waqf (ZISWAF) institutions. This research used literature study by
examining various relevant literature. Data analysis in this research was done by comparing the
literature found and then reducing the data, presenting the data and drawing conclusions. The
results of this study indicate that blockchain technology has the potential to be implemented in
ZISWAF institutions. Technology implementation hasthe potential to offer a solution to the
ZISWAF problem by offering a permanent, real-time, secure and transparent decentralized
concept.
Keywords: Potential, Blockchain Implementation, ZISWAF institutions
9
57. A LESSON LEARNED FROM BANK SYARIAH INDONESIA (BSI) ERROR SERVICE:
A TWITTER TEXT MINING DATA APPROACH USING NVIVO
Nadia Nurul Izza
Tazkia Islamic University, Indonesia
Evania Herindar
Value Activation Consultant
Aam Slamet Rusyidiana
SMART Indonesia
ABSTRACT
This study analyzes a trending data collection on Twitter with the topic of BSI error service. A
total of 1,014 tweets were collected in real-time streaming using NCapture from NVivo 12 Plus.
The study results show that the error service conversation at BSI has a negative sentiment. In
addition, there is a frequency of words that appear in the word cloud, namely services (2.21%),
transactions (0.87%), ransomware (0.74%), and trust (0.42%). As a research recommendation,
this study provides recommendations from cases that occur as lessons for BSI, including
transparency by BSI top management to the public, including to relevant authorities, the problem
of the disturbance followed by strengthening BSI cyber security in addition to the need for
integration from relevant authorities, especially The Financial Services Authority (OJK), Bank
Indonesia (BI), and the Deposit Insurance Corporation (LPS), to take action in the framework of
risk management and consumer protection and to restore public confidence in the sharia banking
industry.
Keywords: BSI; Service; Error; Twitter
10
58. 8 Gadjah Mada
International Conference on Islamic
th
Economics and Development GAMAICIED
Accounting and Finance GAMAICIAF
Business Research GAMAICIBR
BOOK OF
ABSTRACTS
“Sustainable Development through Islamic Finance:
Opportunities and Challenges in Accounting, Business, and
Economics”
ROOM 6
www.gamaici.feb.ugm.ac.id
59. List of Content
PREDICTIVE ANALYSIS OF INDONESIAN ISLAMIC BANKS EFFICIENCY USING
MACHINE LEARNING ALGORITHM........................................................................................ 2
SUSTAINABLE TRADITIONAL MARKET INNOVATION IN MODERN ONLINE 5.0
SYSTEM MARKET DEVELOPMENT......................................................................................... 4
A TWITTER SENTIMENT ANALYSIS ON HALAL LABEL USING DRONE EMPRIT
ACADEMIC: EVIDENCE FROM INDONESIA...........................................................................5
ECONOMIC GROWTH IN OIC COUNTRIES: MODERATION EFFECT OF FOREIGN
DIRECT INVESTMENT.................................................................................................................6
GOVERNMENT STRATEGY IN MITIGATING CLIMATE CHANGE FOR FISHERMAN
TOWARDS SUSTAINABLE BLUE ECONOMY MANAGEMENT IN SOUTH SULAWESI
PROVINCE..................................................................................................................................... 7
MAPPING THE LANDSCAPE OF HALAL AUTHENTICATION RESEARCH: A
BIBLIOMETRIC APPROACH.......................................................................................................8
60. PREDICTIVE ANALYSIS OF INDONESIAN ISLAMIC BANKS EFFICIENCY USING
MACHINE LEARNING ALGORITHM
Eko Supriyatno
Institut Agama Islam Tazkia, Bogor, Indonesia
Ascarya Ascarya
University of Darussalam Gontor, Ponorogo, Indonesia, and
Institut Agama Islam Tazkia, Bogor, Indonesia
Yono Haryono
Institut Agama Islam Tazkia and Central Bank of Indonesia
ABSTRACT
Background – Islamic banks in Indonesia continue to growth, but the market share is still left
behind conventional banks. This is an irony in Indonesia where the majority religion is Muslim.
It is necessary to measure the performance of Islamic banking with the latest data and do
predictive analysis of the condition of Islamic banking in the future through a technique that is
currently widely used in various fields, namely Machine Learning (ML). Objective - This study
aims to produce efficiency score datasets and evaluate several machine learning algorithms in
predicting bank efficiency scores, both technical efficiency (TE) and pure technical efficiency
(PTE). Potential Contributions – This study has a potential contribution in providing an
overview of the efficiency level of Islamic banking as an intermediary institution. Having a
dataset of the efficiency level of Islamic banking. Providing input for the utilization of data
mining techniques and the use of Machine Learning algorithms to conduct predictive analysis.
Research Method – The method used is Data Envelopment Analysis (DEA) to measure
Technical Efficiency (TE) and Pure Technical Efficiency (PTE). The next step is uses several
Machine Learning algorithms to predict Islamic banks efficiency scores based on the training and
testing data resulting by the DEA method. This research was conducted on all Islamic banks in
Indonesia, both BUS and UUS, with a comparison of five Conventional banks BUKU3 and five
Conventional banks BUKU4. The data used in this study is secondary data, sourced from the
quarterly financial reports publication of Islamic and Conventional commercial banks for
2015-2022 released by Indonesian Financial Services Authority (OJK). Findings – Technical
Efficiency (TE)/CRS model and the Scale Efficiency (SE) of Islamic banks are better than
conventional banks. Meanwhile for Pure Technical Efficiency (PTE)/VRS model, Conventional
banks are superior to Islamic banks. Using the efficiency scores dataset and the variables that
form it resulting from the DEA method against several machine learning algorithms, this study
concluding that the most suitable machine learning algorithm for predicting the efficiency score
of Islamic banks is the Neural Network (NN) algorithm.
2
61. Keywords: Islamic Bank, Efficiency, Data Mining, Machine Learning, Predictive Analysis.
Acknowledgement: Bank Indonesia Institute (BI Institute) which has provided research
assistance funds through the BI Institute Research Assistance Program (Banlit).
3
62. SUSTAINABLE TRADITIONAL MARKET INNOVATION IN MODERN ONLINE 5.0
SYSTEM MARKET DEVELOPMENT
Shaibul Khairil Katsir
University of Darussalam Gontor, Indonesia
Rusydaah Afifah Ahmad, S.E., M.H.
University of Darussalam Gontor, Indonesia
ABSTRACT
The decrease in income from sales in traditional markets is the thing that is most feared by
ordinary people, where they do not know the concept of an online-based market economic
system. This has made some traditional market traders close their wares due to a decrease in
income due to the development of an online system-based market. This can actually be overcome
with various innovations that can be developed in various ways. Therefore, in this paper several
innovations are made that can maintain and develop traditional market systems amid the
development of online-based market systems by conducting several simple surveys. The novelty
of this system is its ability to provide several innovation references to the general public, In
particular, people work as traders in traditional markets in balancing the traditional market
system amidst the development of online-based markets. Apart from that, it also helps in
developing traditional market systems so as to minimize the decline in traditional market power
towards online-based markets. So that it can survive and stabilize the traditional market system.
Keywords: Traditional Market, Sustainable Market, Online Market, Digital 5.0
4
63. A TWITTER SENTIMENT ANALYSIS ON HALAL LABEL USING DRONE EMPRIT
ACADEMIC: EVIDENCE FROM INDONESIA
Nadia Nurul Izza
Tazkia Islamic University College, Indonesia
Fajar Nugraha
Tazkia Islamic University College, Indonesia
Aam Slamet Rusydiana
Sharia Economic Applied Research and Training (SMART), Indonesia
ABSTRACT
This research aims to identify and collect issues currently being discussed regarding the Halal
label (logo). Text data mining techniques are used with the help of the DEA system. The results
showed that differences of opinion regarding halal labels tended to vary, with positive sentiments
of 55%, negative sentiments of 43% and neutral sentiments of 2%. In addition, this study found
that the hashtags #mixue, #mixueindonesia, #RakyatTolakPerppuCiptaker, and
#LawanPERPPUCiptaker are the most used and dominant hashtags in conversations and have
links with halal regulations, certification, and halal logos. The results of the diversity of
sentiment results, it shows that awareness of halal issues in society is increasing. As an
implication, this research can be used as material for literature and considerations related to halal
labels and efforts to identify threats and negative perceptions related to halal labels.
Keywords: Halal label; Sentiment; Twitter; Drone Emprit Academic
JEL Classification: L15, L66, L78
5
64. ECONOMIC GROWTH IN OIC COUNTRIES: MODERATION EFFECT OF FOREIGN
DIRECT INVESTMENT
Muh. Akbar Ramadhani
Master of Economics Sunan Kalijaga State Islamic University Yogyakarta, Indonesia
Basri
Master of Economics Sunan Kalijaga State Islamic University Yogyakarta, Indonesia
Dafelia Qodhari
Master of Economics Sunan Kalijaga State Islamic University Yogyakarta, Indonesia
ABSTRACT
The study aims to identify determinants that influence the economic growth of the countries of
the Organization of Islamic Cooperation (OIC) and to analyze the moderation effects of the
foreign direct investment variable. The data used was panel data that came from secondary
sources and covered 55 OIC member countries during the period 2012–2021. The estimate
method used is moderated regression analysis (MRA). The results show that the HDI, good
governance, and government expenditure have a positive but non-significant impact, while the
labor force, population growth, and FDI have a positive and significant impact. Furthermore,
FDI is able to moderate the influence of all these variables on economic growth except for the
good governance variable. By integrating the moderating effect of FDI, the government can
intelligently sort out, optimize the potential, and increase the attractiveness of Foreign
Investment to encourage economic growth by promoting sustainable Development.
Keywords: Economic Growth, OKI Contries, Foreign Direct Investment Moderating
6