Indonesian Economic Review

Third Party Funds as Moderating Variables of Liquidity Level of Sharia Commercial Banks

Sat, 02 Oct 2021 00:00:00 +0700

This study aims to examine the effect of BI 7-days (reverse) repo rate, sukuk, Bank Indonesia sharia certificates on the level of liquidity with third party funds as a moderating variable. The population in this study is all Islamic Commercial Banks in Indonesia. The sample in this study is the financial statements of Islamic banking statistics registered by OJK with 55 samples from June 2016-December 2020. The analytical technique of this study uses moderated regression analysis (MRA). The results of this study indicate that TPF can moderate the effect of the BI 7-days (reverse) repo rate and sukuk on FDR, but cannot moderate the effect of Bank Indonesia sharia certificates on FDR. Other results show that the BI 7-days (reverse) repo rate has a negative and significant effect on FDR, sukuk has a positive and significant effect on FDR and Bank Indonesia sharia certificates have a positive and significant effect on FDR.

A Re-examination of the Impact of Credit on Economic Growth in Malaysia: Further Evidence from the Asymmetric ARDL Cointegration Technique

Hussin Abdullah, Shehu El-Rasheed — Sun, 03 Oct 2021 00:00:00 +0700

Earlier studies on the relationship between credit and economic growth hardly unveil the asymmetric effects of domestic credit on economic growth. This paper attempt to cover the limitation of the earlier studies by re-investigating the asymmetric effect of domestic credit on economic growth in Malaysia over the period 1980-2019. Using a recently developed asymmetric ARDL methodology, the study found an evidence of a significant asymmetric effect of domestic credit on economic growth. A long run asymmetric cointegration between domestic credit and economic growth was established. The data also reveals that domestic credit tends to have a greater impact on economic growth. The policy implication of this study is that Malaysian policy makers need to enhance and further develop its credit policies to make them more efficient and flexible so as to realize a sustainable economic growth.

Brand Awareness Wardah Cosmetics Users at ASN in Blitar Regency

Neni Utami, Nurul Farida — Thu, 21 Sep 2023 00:00:00 +0700

This research aims to determine the influence of brand ambassadors on the brand equity of Wardah cosmetic products among ASN in Blitar district. The research data used was primary data taken by distributing questionnaires using a Likert scale to 87 respondents out of 105 respondents who met the criteria. The research method used is an associative quantitative method, the data obtained is analyzed using validity and reliability tests, normality tests, simple regression tests, hypothesis tests and coefficient of determination tests. The results of the research show that the use of brand ambassadors can have a positive influence on brand awareness of Wardah cosmetic products among Blitar district ASN. Wardah cosmetics brand ambassadors who are able to increase brand awareness are transference brand ambassadors

Islamic Business Ethics of Small Industries in Blitar District

Nana Alfiana — Sat, 23 Sep 2023 10:05:17 +0700

Islam was revealed as a code of moral and ethical behavior for life. The sources of values and ethics in all aspects of human life as a whole, including in the business world, are the Koran and Hadith. The Al-Quran provides instructions for things to be harmonious, mutually pleased, and there are no elements of exploitation. The type of research used in this research is qualitative research. The purpose of this research is to find out the analysis of the application of sales ethics in the Gadung cracker industry according to business ethics from an Islamic perspective and to find out the analysis of the application of transaction ethics in the Gadung cracker industry according to business ethics from an Islamic perspective. The results of the research state that sales ethics. In reality, all producers cannot implement all the principles of buying and selling ethics. Mrs. Nanik's home industry applies the principle of honesty or truth as a priority. From the results of observations related to the application of transaction ethics carried out in Mrs. Nanik's industry, she has implemented transaction ethics in accordance with sharia transaction principles. Even though the implementation is appropriate, the basis for the transactions carried out is the benefit. When transactions use the principle of benefit, which is the basis of this transaction principle, it covers all the principles of sharia transactions, so that Mrs. Nanik's home industry has carried out sharia transactions in accordance with Islamic law. From the results of observations related to the application of transaction ethics carried out in Mrs. Nanik's industry, she has implemented transaction ethics in accordance with sharia transaction principles. Even though the implementation is appropriate, the basis for the transactions carried out is the benefit. When transactions use the principle of benefit, which is the basis of this transaction principle, it covers all the principles of sharia transactions, so that Mrs. Nanik's home industry has carried out sharia transactions in accordance with Islamic law. From the results of observations related to the application of transaction ethics carried out in Mrs. Nanik's industry, she has implemented transaction ethics in accordance with sharia transaction principles. Even though the implementation is appropriate, the basis for the transactions carried out is the benefit. When transactions use the principle of benefit, which is the basis of this transaction principle, it covers all the principles of sharia transactions, so that Mrs. Nanik's home industry has carried out sharia transactions in accordance with Islamic law.

Santri's Contribution in Realizing Inclusive Sharia Economic Acceleration

Mirza Avicenna Asyifyan — Mon, 25 Sep 2023 15:17:04 +0700

The aim of this research is to explain strategies for optimizing the role of santri in realizing inclusive sharia economic acceleration. A qualitative approach was chosen to explore informant responses in depth in their contribution to developing the sharia economy in Indonesia. Through in-depth interviews followed by data condensation, data presentation and conclusion drawing, it can be explained that to realize the acceleration of the sharia economy, inclusiveness is needed, namely by optimizing many parties or stakeholders, namely: the Ministry of Religion, Bank Indonesia and universities with their Tridharma of Higher Education. Meanwhile, the strategy used is to strengthen the knowledge and competence of students in the form of education and training.