Previous studies revealed that consuming activities and spending money to meet needs can improve individuals’ happiness. Our study showed that spending money, not for personal needs also has a big impact on individuals’ well-being. We used 26,464 observations of 4th and 5th waves of the Indonesian Family Life Survey (IFLS) to predict the expenditures for non-personal needs (known as prosocial expenditure) on one's subjective well-being. The estimation result of the probit model showed that pro-social expenditure had a positive correlation with subjective well-being. On average, those who spend more on charity are happier than people who spend less. We also found that prosocial expenditure among Muslim and non-Muslim observations had different effects on happiness and life satisfaction.
Kemiskinan dan pembangunan manusia menjadi masalah besar di kawasan Madura. IPM empat kabupaten di kawasan ini adalah yang terendah di jawa timur, dan lebih dari 21.46% masyarakatnya hidup dalam kemiskinan. Di sisi lain, potensi ekonomi kreatif di kawasan ini sangat potensial seperti, pengembangan pariwisata, sektor pertanian, kerajinan, kuliner, dan seni pertunjukkan. Namun, keterbatasan akses pembiayaan untuk pengembangan usaha membuat pengembangan ekonomi kreatif itu menjadi lamban. Oleh karena itu perlu adanya inovasi terutama dalam hal pembiayaan untuk menopang perekonomian di kawasan ini. Optimalisasi BUMDes dengan sistem investasi syariah (Village Sharia Investment System) menjadi solusi pembiayaan baru bagi masyarakat dan berpotensi untuk dikembangkan di kawasan Madura. Tujuan utama penulisan karya tulis ilmiah ini adalah memberikan gambaran normatif mengenai potensi village sharia investment system sebagai supporting system ekonomi kreatif di kawasan Madura. Penelitian ini mengunakan metode deskriptif kualitatif untuk memberikan gambaran mengenai objek penelitian. Data yang digunakan adalah data sekunder dengan teknik studi kepustakaan sebagai alat pengumpulan data. Hasil dari penelitian ini adalah platform village sharia investment system yang berpotensi untuk dikembangkan di kawasan Madura dan dapat menjadi economic booster. Kesimpulan yang diperoleh yaitu konsep village sharia investment system mampu mendorong perekonomian Jawa Timur dengan pengembangan Madura sebagai kawasan ekonomi potensial melalui ekonomi kreatif berbasis pembiayaan village sharia investment system.
The COVID-19 pandemic has had a significant economic impact, especially on the poor and vulnerable groups in East Java, which is one of the provinces most affected by this pandemic. However, studies that focus on assessing the level of economic resilience of the poor and vulnerable groups in East Java are still limited. This study was conducted to analyze the economic resilience of the poor and vulnerable groups in East Java in terms of various characteristics such as access to social safety nets, asset ownership, savings account ownership, employment sector, and access to public facilities. Using Susenas data as the main data source and quantitative descriptive analysis method, this study shows that the poor and vulnerable groups have low resilience, limited access to social safety nets and low self-defense systems are two important factors that affect resilience levels.It will be used to evaluate existing policies and provide recommendations for future policy improvements.
Economic growth in Indonesia has averaged about 6% since 2008. Shariah- compliant financial service providers currently account for only 4.5% of total banking sector assets. Between 2008 and 2012, Islamic bank assets tripled, increasing by an average of 31.5% annually. Strong growth in the past five years was helped by the Shairah Banking Law introduced in July 2008. Since then, the number of Islamic banking outlets has increased from 241 to 517, comprising 11 fully Shariah-compliant banks, 24 Islamic banking units and 158 Shariah-compliant rural banks. Islamic bank’s network has spread with the number offices rising at a rate of 27% year-on-year. Community Service Responsibility (CSR), banking institutions should have to take part in social activities, integrated with the society, and "be part of non-Muslims". Blending in the sense of helping or supporting their programs that are good and useful, such as being a sponsorship or held a charity eventAs a country with largest Muslim population in the world, Indonesia is considered by global world, multiculturalism in Indonesia makes Islamic banking should be inclus ive. Inclusive Integrated System is one way to eliminate exclusivity Islamic banking which still there, the improvement in terms of branding, Corporate Social Responsibility (CSR), socialization, services, and product innovation
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