Halal certification is one of the company’s strategy that aims to retain their consumers and become a difference with competitors and to give added value for product. Most of the researchers have proved that halal certificates affect big companies’ total revenue. However, there are not many studies that have proved that halal certificate would affect the total revenue of micro, small, and medium enterprises (MSMEs), especially in Bogor City. This research aims to determine the characteristics of MSMEs’ owners and their business, analyze the changes of MSME’s total revenue before and after owning a halal certificate, and the factors that affect MSMEs’ total revenue after owning a halal certificate. The questionnaire data were collected through an interview with 40 food and beverage MSMEs’ owners who have halal certificates in Bogor City. This research uses descriptive analysis, paired sample t-test, and multiple linear regression analysis as the analysis methods. Results based on this research showed that there was a difference in the total revenue of MSMEs before and after owning a halal certificate. The factors that have positive and significant effects of MSMEs’ total revenue influences are capital, work hours, length of business, and a dummy of promotion.
Indonesia is a country with the largest Muslim population in the world. The potential of Islamic financial instruments grows among the society, and one of them is cash waqf. Cash waqf already have a complete law and legal institutions, but there is a gap between the potency and the real data of cash waqf raising. The aim of this research is to analyze the condition of cash waqf raising and the factors affecting the level of cash waqf raising in Indonesia. Using Analytical Network Process (ANP), the factors that affect the level of cash waqf raising are divided into three aspects namely institutional, society, and government. The results show that the institutional aspect has the biggest impact affecting the level of cash waqf raising and the three most influential factors are the focus of nazhir institutions, the understanding of society about cash waqf, and completeness of the cash waqf law.Abstrak. Indonesia merupakan negara dengan populasi Muslim terbesar di dunia. Potensi instrumen keuangan Islami untuk kesejahteraan umat pun tumbuh di masyarakat, salah satunya adalah wakaf uang. Wakaf uang telah memiliki hukum dan perangkat yang lengkap, namun potensi dengan realitas penghimpunan wakaf uang masih sangat berbeda jauh. Penelitian ini bertujuan untuk mendeskripsikan kondisi penghimpunan wakaf uang dan faktor-faktor yang memengaruhi penghimpunan wakaf uang di Indonesia. Dengan menggunakan metode Analytical Network Process (ANP), faktor-faktor yang memengaruhi tingkat penghimpunan dibagi menjadi tiga aspek, yaitu kelembagaan, masyarakat, dan pemerintahan. Hasil prioritas menunjukkan bahwa aspek kelembagaan memiliki pengaruh paling besar terhadap tingkat penghimpunan wakaf uang dan tiga faktor yang paling berpengaruh adalah kefokusan lembaga nazhir, pemahaman masyarakat mengenai wakaf uang, dan kelengkapan perangkat hukum wakaf uang.Kata kunci: ANP, lembaga nazhir, tingkat penghimpunan, wakaf uang
Islamic Social Reporting (ISR) is a benchmark for reporting Islamic-based social performance to companies. However, the development of ISR is currently not growing rapidly in Indonesia because there are no regulations that regulate sharia social responsibility reporting standards. Increased disclosure of Islamic social performance is expected to influence the decisions of muslim investors in choosing sharia shares in companies listed in the Jakarta Islamic Index. This study aims to analyze corporate social responsibility (CSR) disclosures in sharia and the factors that influence them. The data used are annual reports of companies registered in JII from 2012 to 2015, 14 of which were selected from 30 companies. The method used in this study is panel data regression with the fixed effect model (FEM) approach. The results of the analysis show that of the five variables that allegedly influence the level of ISR disclosure, three variables, namely company size have a positive effect, firm age and leverage have a significant negative effect on ISR disclosure. The other two variables, namely the number of board of commissioners and profitability have no effect on ISR disclosure.
The development of the Islamic financial industry in Indonesia has increased from year to year. This is made possible due to the emergence of varied investment instruments, and corporate sukuk is one good example. Emergence corporate sukuk is expected encourage growth of the national economy. The growth of a good national economy is reflected by good macroecomic variables conditions. Therefore, the government and Bank Indonesia need to maintain inflation stability, money supply, exchange rate and output so that Indonesia can become the largest market center of corporate sukuk issuance. This research aims to analyze the effect of macroeconomic variables towards the growth of corporate sukuk in Indonesia. This research used Ordinary Least Square (OLS) with monthly time series data from January 2013 to December 2015. The results of this research indicate that the money supply, industrial production index, and inflation variables has positive effect (significantly) on the growth of corporate sukuk while exchange rate, oil price, and mudaraba deposit profit-sharing variables have negative effect (significantly).
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