Showing papers presented at "WASE International Conference on Information Engineering in 2022"

Corporate Governance Mechanism On Banking Financial Performance

Abstract: Every year Islamic banking has progressed quite rapidly to compete in the financial sector. By offering lower interest rates and some tips that attract the attention of Islamic banking consumers, it is enough to attract people to use the financial services of the bank. However, it should also be noted that every bank, be it Sharia or general, has various strategies to attract the attention of customers who will use the bank's services. To make customers more comfortable and interested in using the services of a bank, there are several mechanisms that are applied, and in this study the researchers used the corporate governance mechanism as the independent variable and the financial financial performance variable as the dependent variable. By using a quantitative descriptive approach by distributing several questionnaires to respondents who have been determined by the researcher to get results on a Likert scale. From the results of research processed using the help of several SPSS 21 applications, it shows that directors and institutional ownership have a positive influence on the performance of Islamic banks.

Sharia Compliance On Rewards In Sharia Saving At BMT NU Ngasem

Abstract: Wadi’ah Yad adh-Dhomanah is a conract for safekeeping of goods where the recipient of the deposit with or without the permission of the owner of the goods can take advantage of the goods that are deposited and must be responsible for the loss or damage of the goods. All profits obtained by the use of the goods become the right of the recipient of the deposit. This study aims to review the aspects of sharia compliance with the Wadi’ah Yad adh-Dhomanah contract and reward giving to savings products at BMT NU NGASEM. The sharia reference used in this study is the DSN MUI Fatwa NO. 86/DSNMUI/XII/2012 about rewards in Islamic Financial Institution Funds This is a descriptive qualitative research with interview data collection methods and documentation studies. The analysis tool uses a comparative approach. The results of the study found that the majority of Wadi’ah Yad adh-Dhomanah contracts and reward giving to savings products at BMT NU NGASEM have met sharia compliance but there are some points in giving reward s that are not in accordance with the rules of the DSN MUI Fatwa NO. 86/DSNMUI/XII/2012.

Estimating The Knowledge of Zakat Payment Among Muslims Using The Elasticity Between Income and Zakat Expenses

Abstract: This study aims to determine how the Muslims in Indonesia understanding and practicing the payment of professional zakat according to the rule. This study uses a quantitative approach with logistic regression analysis techniques to analyze whether the increase in income among the Muslims is followed by an increase in the amount of professional zakat paid by them. Therefore, logistic regression was used to analyze the two variables (income and amount of professional zakat paid) in the form of elasticity. In addition, this study also uses other supporting variables such as age, education level, type of work, job level, and religiosity so that the research model can explain the issue even better. Since the professional zakat is zakat paid by Muslims who are already working and meet the nisab, this study uses primary data of 126 Muslim respondents who were an employee and have a nisab-required salary the salary that met the nisab of professional zakat. The results of this study indicate that the income have a significant effect on the payment of professional zakat.

Bitcoin Between The Economy and Islamic Law

Abstract: From the womb of cyberspace bitcoin, the first decentralized digital currency, differed from the traditional currencies that we used to revolutionize the world of finance, and in light of its rapid spread, became a source of concern and question about the impact of this child on the economy of states and individuals, opinions differed around him between supporters and opponents, hence this study came in order to search and extrapolate this currency to know the positions of countries and major companies and what economists expected for their future, and the legitimate vision is not yet clear, and it became a duty Intensified efforts to diagnose and adapt this contemporary event and thereby indicate its judgment and controls.

Analysis Of Structure – Conduct - Performance (SCP) on The Merger of State-Owned Enterprise Islamic Banks Based on The Assets Value

Abstract: Merger is the merging of two or more companies so that the company becomes better and creates new dynamics. Besides that, it creates efficiency and increases market share, expands the business that is run and has stronger competitiveness. This is the goal of the merger of 3 state-owned Islamic banks including BRI Syariah, BNI Syariah and Bank Mandiri Syariah to become Bank Syariah Indonesia (BSI). Bank mergers are deemed necessary in order to create a better bank which in the end can have a significant and positive impact on a banking system that is healthy, efficient, resilient and able to compete in the increasingly tight and competitive global economy and free market. This series of mergers clearly reduced the number of banks. This raises important issues, including whether the smaller number of banks has reduced or even increased the concentration of the banking industry. In addition, it is also interesting to analyze the impact of the merger on the level of banking competition. This study aims to assess the impact of Islamic banking merger policies on market conditions. After the merger, will the market become more competitive or will it become more concentrated? The research method used is literature study. The structure variable is seen from the total assets and market share, the conduct variable is seen through the merger policy. Meanwhile, in analyzing the Performance variable, it is measured through Profit. After analyzing the structure-conduct performance (SCP) by assessing the impact of the sharia banking merger policy, it will be seen that the market is becoming more concentrated or becoming more competitive.

The Role of Baitul Maal (BMN) East Java Pamekasan Pegantenan Branch In Improving Community Welfare

Abstract: This Baitul Maal has existed since the time of the Prophet Muhammad. However, the most visible role since the time of the companions of the Prophet was during the time of Abu Bakr as Siddiq to the time of Ali Bin Abi Thali. Where is the role and function of the Baitul Maal at the time of the friends not only as a financial institution that manages the economy in a simple way, but instead becomes an institution that takes care of all state financial matters as well as a financial institution that manages all state assets. Then the development of this institution is now the Baitul Maal which is complete as a financial institution in order to be part of activities for the welfare of the people's lives.

Analysis of the Impact of Debt on the Indonesian Economy for the Period 1976-2021

Abstract: Foreign debt has an important and inseparable role in the history of Indonesia's national development. The government has changed seven times, foreign debt is always present to fill the development budget deficit. Debt is expected to help move the wheels of the economy, create growth, create jobs, and alleviate poverty. This study aims to analyze the effect of debt, budget, inflation and differences in government regimes on the Indonesian economy (GDP and Income per Capita) in Indonesia for the 1976-2021 period. The study uses secondary data obtained from Bank Indonesia, the National Development Planning Agency (Bappenas), the Central Statistics Agency (BPS), the World Bank, and other reference sources such as books, journals and scientific papers. The data used are the value of foreign debt, APBN, national income (GDP), population, inflation rate, and government regime in the period 1976 - 2021. The results of multiple regression analysis with dummy variables (using the Eviews 10 application program) show the following results: Foreign debt and APBN have a correlation with the condition of the national economy, especially the value of GDP. Debt and the state budget tend to increase the value of GDP. In terms of debt management as a driver of economic growth, the Suharto Era (New Order) tended to be better than the eras that followed. However, relatively speaking, the Habibe and SBY eras tended to be better than the Megawati era, the Abdurahman Wahid era, and the Jokowi era. In fact, Jokowi's era is no better than previous eras.

Regulations for The Status of Pandemics In Islamic Jurisprudence Corona As A Model

Abstract: تتناول هذه الورقة البحثية مضمون ضوابط وضع الجوائح في الفقه الاسلامي، كورونا نموذجا وبيان مدى إمكانية وصحة تكييف فيروس كورونا من الجوائح، بحيث تجري عليه الأحكام التي قررها الفقهاء، في وضع الجوائح ، وتبين لنا من خلال هذه الورقة اعتبار فيروس كورونا من الجوائح فله أثر كبير على المعاملات بل أكثر من الجوائح الاخرى والتبعات التي خلفها في المعاملات وغيرها وباعتبارها جائحه تعم الكل ولا قدرة للانسان على تلافيها وتلافي الاضرار التي الحقها فمن سماحة وعدالة الشريعة جعلت حلول لمثل هذه الجوائح والتعاون في ذلك واعادة التوازن في العقود والمعاملات في ضوء القواعد المعتبرة شرعا ومنها لا ضرر ولا ضرار والمشقة تجلب التيسير وكذلك للضرورة احكام والضرورة تقدر بقدرها وهناك ايضا صورا معاصرة للجوائح مثل الحصار المفروض على بعض الدول والتلوث البيئي وتدخلات السلطان بمنع البيع والشراء والاستيراد والتصدير من بعض الدول

Analysis of Strenghts, Weakness, Opportunity, Threat (Swot) In Determining The Marketing Strategy of Deposits Products

Abstract: This study focuses on two issues. First, what are the strengths, weaknesses, opportunities, and threats in KSPPS Nuri Cabang Pegantenan?. Second How is the storage product marketing strategy in KSPPS Nuri Brang Pegantenan? The purpose of this writing is first to know any strength, weakness, opportunity, and threat in KSPPS Nuri Brang Pegantenan. Second, know the strategy of marketing storage products in the face of competition in KSPPS Nuri Brang Pegantenan. This research subject is the manager, marketing funding, and customer survice at KSPPS Nuri Cabang Pegantenan. This study uses qualitative approaches and data collection procedures that are used: observation, interviews and documentation. Research has shown that, firstly, the strength, obtained the support of special members from members of the foreign alumni association around the location, employees already have an emotional bond between members of the cooperation, have some storage products, the application of the syariat system in its operational activities, pass an ISO certificate, Promotion activities using employees, print media, social bacteria, and have websites and online applications. Weakness is an SDM quality limitation that corresponds to the office to be filled in. Opportunities are, the provision of affordable retail services, many people from the alumni Pondok Pesantren, the open market market/strategic location due to market proximity, and Transactions using the company system. The threat is to collapse conventional banks and corporate finance institutions, not all of the public are aware of the importance of corporate cooperation, and the location of competitors is more strategic than in KSPPS Nuri Cabang Pegantenan. Once SWOT is known, then the position in the IE matrix is known which is in the V quadrant produces a strategy of consistency through horizontal integration... the two strategies that can be used are the SO Strategy is to increase the bonds that have been created, to enhance the activities in promoting KSPPS Nuri Cabang Pegantenan, giving training to improve the understanding of marketers. The WO strategy is to provide training against the colonists. The WT strategy is to determine a competitive price, and to socialize about the existence of KSPPS Nuri Cabang Pegantenan. The WT strategy is to improve SDM quality in KSPPS Nuri Cabang Pegantenan.

Ahkamu Wilayati al-Mar'ah wa Abna'iha

Abstract: The current study dealt with the issue of the women’s guardianship over their underage children, in which it was found that the woman (the mother) has the legitimate and legal right of guardianship on her non-adult children. The study also dealt with the variance in the arrangement and order of guardianship. For instance, in Islamic jurisprudence, the mother’s rank in guardianship order came after the father and grandfather,but before the guardian. Nevertheless, in the Algerian legislation, the mother was classified directly after the father. This research also came to a conclusion that the guardianship should be transferred to the mother if the father dies. Otherwise, in the case of the father’s absence or any other impediment, the mother takes in charge only the urgent matters of her children.

Industrialization Program To Overcome Economic Gaps In Society

Abstract: This research was motivated by the current growth of industrialization. Along with the increasing growth in the industrial sector, people have specialization and increase in income. This study discusses how the rapidly growing industrialization program had an impact on solving economic problems, in terms of overcoming economic inequality. Through a descriptive approach and a sharia approach, the authors collected data using a library research method. Industrialization in the Islamic perspective must be in accordance with the maqashid sharia, as shown in the Quran which is beneficial for all parties. The results of this study explain that the industrialization program has a substantial impact on the economic growth of a country. With the growth of a country's economy, the country leads to prosperity. Where welfare is often represented through equalization of rights among the community in getting equal opportunities in any case, so that there are no gaps/inequalities in society.

Corporate Social Responsibility: Divesting From Apartheid

Abstract: This study aims to emphasize the importance of companies’ Corporate Social Responsibility (CSR) in the fulfillment of their ethical responsibility to the international community with regards to human rights and to highlight the BDS (boycott, divestment, and sanctions) movement in its call for boycotting and divesting from companies operating in Occupied Palestine. The approach used in this study is a literature review of journal articles on CSR and BDS. This research found that in conducting their business, companies must have concern for humanity. Unethical actions by companies can be widely known by the public which can result in damage to companies’ reputations which in turn can lead to financial losses. Companies should not ignore the BDS movement. This paper only discusses boycotts of and divestment from companies in occupied Palestine, and earlier in South Africa. There have been limited studies about CSR implementation related to the BDS movement.

Reviewing of Islamic Law on the Practice of Lending Money Through Mobile Banks

Abstract: Borrowing money through Mobile Bank in people's lives is still common. This is because the needs are getting more urgent but the producers are not directly proportional to the income. For some people who are in a race between needs and income, borrowing money from a mobile bank is one solution, because the mobile bank offers an easy disbursement system. Therefore, this study reveals the Islamic view of the practice of lending money through mobile banks through a qualitative approach.

Islamic Law Analysis of Guidelines for Implementing Contracts in Nuri Savings and Loans and Sharia Financing Cooperatives (KSPPS) East Java

Abstract: The aim of Sharia Cooperatives is to improve the welfare of members in particular and society in general and to contribute to building a just economic order in accordance with Islamic principles. Strengthening this principle, of course, must start from the contract as sharia legitimacy from the practices carried out by the Cooperative including the Nuri East Java Savings and Loans and Sharia Financing Cooperative (KSPPS). The formulation of the problems posed are 1) How is the Contract Implementation in the KSPPS Nuri East Java Contract Manual; 2) What is the analysis of Islamic law on the implementation of the contract? This research is in the nature of a text study of contract implementation manuals at KSPPS Nuri, East Java, so the method used is a literature survey, namely searching for and studying written materials related to the object of study. The findings of this study are that the contracts practiced at KSPPS Nuri East Java in general do have a strong foundation in Islamic law and are in accordance with the DSN MUI fatwa. Because the foundation of the MUI's DSN fatwa besides ummahatul mashadir such as the Al-Qur'an, hadith, ijma' and qiyas are also the views of the scholars in fiqh books.

Problems In The Evaluation Of Islamic Education Policy Studies

Abstract: Islamic educational institutions such as madrasahs and islamic boarding schools have succeeded in building a human disposition with a religious culture that loves the Republic of Indonesia. Even so, there is still a skewed view of the informal institution. According to the assessment of some people, the output or autcame of madrasah institutions and islamic boarding schools is less noticed by the job market. This skewed view is refuted through the existence of madrasas and islamic boarding schools which are increasingly believed to give birth to Muslim scholars. The method used is descriptive qualitative. While the approach used is literature. The results of the analysis get the following findings, the Islamic Education policy from time to time experiences quite heavy dynamics. Islamic education in the Dutch era was subjected to acts of policy discrimination. Islamic education only got a breath of fresh air after the dutch leadership fell to the Japanese. The journey of Islamic education can be said to have truly become independent after Indonesia became independent. There are five problems in the effort to evaluate the study of Islamic Education in Indonesia, including limited government power, disagreements with a problem, subjectivity in interpretation, limitations in resource management research, and complexity of human behavior.

Optimizing the Role of the Palengaan East Java KSPPS on the Welfare of the Palengaan Pamekasan Community

Abstract: Cooperation is a body of law-abiding and family-based endeavors by prioritizing the sense of brotherhood to members as a whole. Cooperation in the midst of society aims to promote the well-being of members in particular and society in general. The problem with the trees that emerged in this research is how does cooperation play a role in the well-being of members? How are the controls faced by NURI KSPPS cooperation in improving the well-being of members? and how is the Strategy used to cooperate in addressing controls in the Enhancement of Members' Peace? This study aims to provide an understanding of the role of cooperation in improving members' well-being.The research used is descriptive qualitative research This research is part of field research and data is collected by looking at what it sees, analyzing data and gathering it. Data collection techniques used are interviews, observations and documentation.The results of the research show that 1) NURI's KSPPS cooperation plays a very important role in the clarification of its members, the form of its well-being: the ease of the service provided, helping to fund child education, health guarantees for officials, and BMN assistance. (3) The strategy or solution is to increase the ability to visit or motivate each branch in its role.

The Determinants Of Stock Prices On Goods And Consumption Companies Listed In ISSI (Indonesian Sharia Stock Index)

Abstract: Investment alternative for investors is stock investment in Islamic sharia. The Indonesia Stock Exchange provides a special index that lists stocks in Indonesia that are in accordance with Islamic sharia, namely the Indonesian Sharia Stock Index (ISSI). Based on stock price at sectoral index listed in the Indonesian Sharia Stock Index (ISSI), goods and consumtion sector is decreasing significantly in stock price for three years in 2018-2020. This decrease can be affected by many factors. To know these factors, this research is using fundamental analysis with financial ratio analysis. This research aims to examine the effect of Current Ratio (CR), Debt to Equity Ratio (DER) and Return On Equity (ROE) on stock prices in goods and consumption companies listed on the Indonesian Sharia Stock Index (ISSI). The sampling method is using purposive sampling. The sample used was 28 companies during the 2018-2020 period so the total data processed were 84 observations. The data used is secondary data from the company’s financial statement published at Indonesia Stock Exchange (BEI) in the form of panel data. The analysis technique used is multiple linear regression analysis by using E-Views 10 version data processing application. This research shows that partially Debt to Equity Ratio (DER) and Return On Equity (ROE) significantly affect stock price. While Current Ratio (CR) has no significant effect on stock price. Simultaneously, Current Ratio (CR), Debt to Equity Ratio (DER) and Return On Equity (ROE) has significant effect on stock price.

The Effect of Syariah Financing Savings and Loan Cooperative to Improving Micro, Small and Medium Enterprises

Abstract: National development is a sustainable development effort in the context of realizing a just and prosperous society. To achieve this goal, the government undertakes development in various fields, one of which is economic and financial development. In this economic and financial sector, one of the sectors that plays an important role and has a strategic position in the context of realizing national goals is the banking sector. One of the very rapid economic growths is the Cooperative or Baitul Maal Wat Tamwil (BMT) or the Integrated Independent Business Center is an informal microfinance institution that is operated on the principle of profit sharing, fosters micro and small business businesses, in order to raise the degree and dignity and defend the interests of the poor. The development of BMT in Indonesia began with the establishment of Bank Muamalat Indonesia (BMI) in 1992, which in practice BMI in its operational activities are based on Sharia values. The BMT or Cooperative which is the subject of this research is KSPPS NURI which is located at Jl. Gate 170 Pamekasan. KSPPS NURI has a wide range of products. Namely financing products and savings products. The focus of this research is the influence of KSPPS NURI in increasing micro-enterprises in the village of Blumbungan. Based on the background above, the main problems in this study are: first, how far does the Blumbangan residents know about KSPPS NURI, and second, how is the Effect of KSPPS NURI in developing Micro Enterprises in Blumbungan Village, Kec. District Larangan. East Java, Indonesia. The method used is a quantitative approach. Quantitative methods are basically scientific characteristics to obtain data with certain goals and uses. Based on the result by Cronbach's Alpha Reliability Level, it can be concluded that the Correlation Interval value is greater than 0.600 (medium interval value). This shows that the questionnaire is stated to be very strong based on the total value of the interval on the questionnaire 0.853 0.600. based on the Validity Test, it is known that item 1 gets a score of 0.704, item 3 gets 0.694 using a significance test of 0.05 or an r-table significance value of 0.632, meaning that item 1 and item 3 are declared valid because the r-count value is greater than the r-table. Furthermore, on item P2 a score of 0.766 was obtained, P4 a score of 0.898 and P5 a score of 0.905 using the r-table significance test of 0.765, meaning that items P2, P4 and P5 were declared valid because the r-count value was greater than r-table. Based on the results of interviews and questionnaires found by the researchers, it can be concluded that the presence of KSPPS NURI has an influence in increasing the Micro Enterprises of its Members or Customers who are domiciled in the village of Blumbungan.