Falah: Jurnal Ekonomi Syariah

The Influence of Islamic Financial Literacy, Islamic Financial Inclusion, and Financial Behavior on the Investment Decisions of Generation Z in West Java

Ajeng Nurul Fadillah — 2024-02-28

The largest number of Generation Z in Indonesia has potential for economic development. This is because the younger generation possesses high levels of technological skills, making them promising investors and key drivers in advancing investment growth in Indonesia. This research aims to analyze the levels of Islamic financial literacy and inclusion and their influence on financial behavior and investment decisions using descriptive analysis and the SEM-PLS method. The research results indicate that the average level of Islamic financial literacy was 77.9% (well-literate) and the level of Islamic inclusion was 80.5% (high). Islamic financial literacy and Islamic financial inclusion significantly affect investment decisions while financial behavior does not significantly affect investment decisions. This study contribute to enhance the index of literacy and financial inclusion in sharia finance for the younger generation, as well as promoting participation in sustainable investments oriented towards sharia principles.

The Role of Zakat, Infaq and Shadaqah in Indonesia’s Economic Growth: An Islamic Perspective

Fajrin Intan Safitri — 2024-02-28

The nexus between economic growth and national income is very critical driven by the nation’s growth performance and its citizens’ improvement standard of living. This study aims to analyze the role of zakat, infaq and shadaqah in Indonesia’s economic growth from the Islamic perspective. By utilizing secondary data from Bank Indonesia, Central Bureau of Statistics, and BAZNAS this research employs the 2SLS (Two-Stage Least Square) method to estimate structural coefficients. The result found that generaly, zakat, infaq and shadaqah (ZIS) and consumption significantly contributed to economic growth from several variables like net exports, investment, and government during period 2001-2020. This research contribute to highlighting the significant impact of ZIS on national income and societal consumption, this study also provide result of study aimed at enhancing economic growth and ensuring the equitable collection and distribution of ZIS funds.

A Cross-Country Analysis of Islamic Bank’s Performance in Malaysia and Indonesia

Moh. Nurul Qomar — 2024-02-29

This study aims to examine the financial performance of Islamic banks in Indonesia and Malaysia, with a specific focus on optimizing shareholder value. The assessment includes efficiency, market share, interest rates, inflation and economic growth as crucial criteria in comprehending the success of Islamic banks in each country. The secondary data is derived from the annual reports of 25 Islamic banks in Indonesia and Malaysia, with a focus on characteristics pertaining to operational efficiency and market share. Furthermore, data is obtained from Bank Indonesia (BI) to gather statistics regarding inflation, interest rates, and GDP growth from the years 2018 to 2021. The study used panel data regression with a random effects model as the most accurate estimator. The results of the panel data regression analysis suggest that inflation has a favorable effect on return on equity (ROE), while GDP growth has a beneficial impact on return on assets (ROA). This research highlights the importance of enhancing inflation risk management and making strategic adaptations to the business plans of Islamic banks in Malaysia and Indonesia. This research enhances the scholarly comprehension of the variables affecting the efficiency of Islamic banks in diverse economic conditions.

Capturing the Potential Implementation of Islamic Financing with Supply Chain Finance Model Fisheries Sector in Belitung

Reviandi Ramadhan — 2024-02-29

This research aims to analyze the Islamic financing model with supply chain financing and its impact for the economic development, especially for fisheries households in Belitung region. This research uses a qualitative approach. The main object of this research was Bank Pembiayaan Rakyat Syariah and the fishery sector in Belitung. In addition, the distribution of the locations of fisheries households consists of 5 (Five) subdistrict namely: Tanjung Pandan, Membalong, Sijuk, Badau, and Selat Nasik. In this study, the research uses a basic framework of interview questions to 10 infromants from multi-channel financing business model study by Bank Indonesia (2023). The results of this study found that the supply chain financing model with Islamic financing contracts has the potential prospect to be applied by using the musharakah and wakalah bil ujrah contract of transactions for fisheries households in five subdistrict of Belitung region. The implication of this research to enhance the critical role of the Islamic financing model for fisheries households to increase the income of fisherman exchange rate in Belitung Regency