<em><span>Some countries consider cryptocurrencies as an avenue for money laundering and other illegal activities, especially Muslim countries, many of which prohibit the use of cryptocurrencies and even prohibit them. This study aims to identify the specific risks of cryptocurrency investment and to understand the sharia-compliant concept to open opportunities for the Islamic economy in the future. The data collection technique used is literature study by collecting data from previous studies in the form of documenting articles, journals or books as well as publication data from other parties. The data analysis techniques used were data reduction, data presentation, and drawing conclusions. The results show that although cryptocurrencies promise some strengths, in terms of investment there is a risk. Some cryptocurrencies have indeed been developed to address the issue of cryptocurrency non-compliance with Sharia law. Like OneGram, one of the cryptocurrencies that can be classified according to sharia. The alternative concept of sharia cryptocurrency has the potential to build Islamic economic products and have a positive effect on the global economy, especially in the context of welcoming a modern Islamic economic order that is conducive to all circles and the realization of a better future for the Islamic economic community</span></em>
The COVID-19 pandemic has had an adverse impact on the economy. Many people have lost their jobs but the necessities of life have increased. Society needs a model to make sharia financial resilience. This study aims to formulate a model of Islamic financial resilience, especially for Muslims by looking at three indicators are Islamic financial literacy, Islamic financial planning and Islamic financial inclusion. This research uses quantitative research with multiple linear regression. The result of this research is that Islamic financial literacy has no affect on sharia financial resilience. Islamic financial planning has not affect on sharia financial resilience. Islamic financial inclusion has affects on sharia financial resilience and together Islamic financial literacy, Islamic financial planning and Islamic financial inclusion has affect on sharia financial resilience
ABSTRAKTujuan penelitian ini adalah untuk mengetahui pengaruh pembiayaan mudharabah terhadap perubahan ekonomi nasabahnya melalui empat aspek yaitu aset usaha, omzet usaha, pendapatan usaha, dan laba usaha. Metode yang digunakan dalam penelitian ini adalah pendekatan kualitatif. Sumber dan jenis data diperoleh dari teknik wawancara, observasi dan dokumentasi kepada tujuh nasabah pembiayaan mudharabah, pihak pemerintah Desa Berbek, pihak BMT PUMA dan masyarakat sekitar. Data terkumpul kemudian dianalisis menggunakan teknik reduksi data dengan hasil penelitian yang disajikan dengan tabel, grafik, dan deskripsi. Hasil penelitian ini menyimpulkan bahwa UMKM mengalami perubahan ekonomi positif yakni mengalami peningkatan berupa aset usaha mencapai 90%, peningkatan omzet usaha mencapai 233,33%, peningkatan pendapatan usaha mencapai 233,33%, dan peningkatan laba usaha mencapai 150%. Namun masih ditemukan nasabah yang menggunakan sebagian dana pembiayaan untuk membayar hutang, membayar sekolah anak, dan kebutuhan lain. BMT PUMA memberikan kepercayaan penuh kepada nasabah tanpa melakukan pengawasan usaha. Saran yang relevan dengan hasil penelitian yaitu nasabah diharapkan lebih amanah dalam menggunakan dana pembiayaan mudharabah, selain itu BMT PUMA sebaiknya lebih tegas dalam mengawasi penggunaan dana pembiayaan mudharabah pada nasabah. Kata Kunci: BMT, UMKM, Mudharabah, Perubahan Ekonomi. ABSTRACTThis research is qualitative research that aims to know the influence of mudharabah financing on the economic changes of its costomers through four aspects, such as business assets, business turnover, business income, and business profit. The technique of data retrieval are interviews, observation, and documentation to seven mudharabah financing costomers, Berbek Government, BMT PUMA members, and local society. Data collected then analyzed by reduction data technique with the research result presented by tables, graphics, and description. The result of this study concludes that Small Micro Enterprises (SME’s) experiencing positive economic changes that experienced an increase in the form of business assets reached 90%, increase in business turnover reached 233,33%, increase in business income reached 233,33%, and increase in business profit 150%. But there were still customers who used part of their financing funds for other needs. BMT PUMA gives full trust to customers without monitoring their business. Suggestions that are relevant to the research result is customers are expected to be more trustworthy in using mudharabah financing funds. Moreover, BMT PUMA should be more assertive in overseeing mudharabah financing funds on customers.Keywords: Baitul Maal Wattamwi, SME’s, Mudharabah, Economic changes.
This paper is intended to analyze the opportunities and challenges of collaboration between the fintech industry and Islamic banking in Indonesia. This research is a descriptive qualitative study of literature review, by collecting information, identifying problems, and making evaluations. Data analysis using SWOT platform. The results of the study show there are opportunities, that the digitalization system in Indonesia is developing very quickly, so that it can be used as a means to improve services in Islamic banking. In this way, Islamic Bank services can reach remote areas, reduce costs, and increase the Islamic financial inclusion. The biggest challenge is related to regulators. The Indonesian, which is predominantly Muslim, requires definite sharia rules regarding services at several types of fintech, which until now do not have a sharia fatwa. Fintech will continue to develop, or contrary, Islamic fintech may sink and be replaced by other technological innovations.
This study aims to determine the application of competitive advantage to the NURI Sharia and Loans and Financing Cooperative (KSPPS NURI JATIM) in the diamond strategy prespective. The research methodology used is qualitative with a descriptive approach. Data collection was carried out by observation, documentation and interview methods. The data sources in this study were the Director of KSPPS NURI JATIM, administrators of KSPPS NURI JATIM, and members of KSPPS NURI JATIM. The research result obtained are KSPPS NURI JATIM’s competitive advantage in terms of marketing management, financial management, information management, and human resource management that have made efforts and are in accordance with ideal conditions. The potential of KSPPS NURI JATIM in the diamond strategy, KSPPS NURI JATIM must continue to improve service quality and expand marketing areas.
Introduction/Main Objectives: This study reviews the presence of Fintech in South and Southeast Asian countries through several categories. Background Problems: Many people doubt the presence of Fintech in South Asia and Southeast Asia as part of a developing country with all its limitations, especially Sharia Fintech. Novelty: Developing Sharia Fintech in South Asian and Southeast Asian countries, which have not spread evenly before. Research Methods: Qualitatively using GFD (Global Findex Database) data collected in 2021, which was then elaborated with 115 research studies (50 from Scopus, 24 from Research Gate, 21 from Google Scholars and 20 from other sources). Finding/Results: The presence of Fintech is more likely to develop rapidly in the Southeast Asia region, not so in the South Asian region. The lneeds of each region are different. It is different if developed by Sharia Fintech (I-Fintech/Islamic Financial Technology). Its potential is almost acceptable in all regions, including in countries that are sensitive to religious issues. Conclusion: It is not only Fintech that is the future of cutting-edge banking, but also the presence of I-Fintech (Islamic Financial Technology) which empirically opens up great opportunities and repositions mainstream financial institutions into traditional banking, including Islamic banking. However, the presence of Fintech and I-Fintech still requires the support of local government policies and the wider community, Muslims and non-Muslims in any part of the world.
The lack of understanding of SMEs on financial management led to a lack of clear and unstructured financial statements and impacted the stalled expansion of SMEs. This needs to be done in a particular study related to financial literacy. This study aims to analyze the level of Islamic financial literacy by understanding financial knowledge, financial attitude and financial behavior in SMEs assisted by Bank Indonesia Regional Representative Office of East Java. The data is qualitatively descriptively studied with a naturalistic approach. Data collection is conducted by interviewing informants and Bank Indonesia East Java Representative Office in charge of the empowerment function of SMEs. The research results obtained are an understanding of the factors that influence MSMEs to know and practice the science of Sharia financial literacy which is also part of Bank Indonesia's mission in the Sharia Economic and Financial Blueprint. To improve sharia financial literacy and make it easier for SMEs to increase their business to achieve an empowered economy. In addition, the application of Sharia financial literacy is not only in terms of knowledge about Islamic financial institutions but also in business beliefs and behaviors, especially financial management based on Shariah. So that the thing that needs to be focused on in the empowerment of sharia financial literacy of SMEs is the habituation factor and the improvement of mindset. Because economic empowerment is not only about product improvement and marketing but also in terms of financial literacy, especially Sharia financial literacy. Abstrak Minimnya uraian UMKM terhadap pengelolaan keuangan menimbulkan kurang jelas serta tidak terstrukturnya laporan keuangan dan berakibat pada terhambatnya perluasan UMKM. Perihal ini butuh dicoba kajian eksklusif berkaitan dengan literasi keuangan. Kajian ini memiliki tujuan guna melaksanakan analisis tingkatan literasi keuangan syariah lewat uraian financial knowledge, financial attitude serta financial behavior kepada UMKM yang dibina oleh Bank Indonesia Kantor Wilayah Jawa Timur. Informasi dikaji secara kualitatif deskriptif dengan pendekatan naturalistik. Pengumpulan informasi dicoba dengan mewawancarai informan dan dari pihak Bank Indonesia Kantor Perwakilan Jawa Timur yang bertugas pada tugas pemberdayaan UMKM. Hasil riset yang diharapkan yakni menciptakan jawaban menimpa aspek yang pengaruhi UMKM guna lebih paham terhadap literasi keuangan syariah, perihal ini sesuai misi Bank Indonesia yang tertulis di Cetak Biru Ekonomi serta Keuangan Syariah sehingga UMKM mampu memperkuat daya saing. Dalam menerapan literasi keuangan syariah tidak hanya perihal pengetahuan lembaga keuangan syariah melainkan juga mengenai rasa percaya serta perilaku utamanya dalam hal pengelolaan keuangan berdasarkan ketentuan syariah. Oleh karena itu dalam pemberdayaan literasi keuangan syariah ini UMKM perlu fokus pada faktor pembiasaan perilaku dan perbaikan mindset mengenai literasi keuangan khususnya literasi keuangan syaria
This study analyses the effort of the Banyuurip village in enhancing their potencies and asset in preserving mangrove area. The purpose of this writing to portray the involvement of the youth in sustains local tourism development. The parameters used to determine the degree of public participation in the development planning phase are the involvement in problem identification, objective formulation, and decision making related to the development of the local tourist attraction. This paper analysed the five strategies of Banyuurip village government and their counterpart in creating sustainable tourism system. The SWOT analyses employ to analyse the five elements of strategies in creating sustainable tourism system. This approach is believed able to provide an holistic analysis in Community Based Tourism (CBT) development. The problems faced by the Banyuurip tourism community in managing their local tourist destination are lack of adequate human resources, limited of public facilities, limited financial support, lack of regulation that support the CBT, inter-organizational coordination problems, conflict of interest among group of community, and property ownership. This writing found that the position of the village leader both formal and informal leader is significant in CBT Development. However, the sustainable tourism it self requires the government political will in the development of CBT.
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