Purpose The purpose of this study is to develop a model of the Muslim community’s behaviour in paying zakat to contribute ideas on how to increase zakat recipients nationally, so as to improve the welfare of the wider community. Design/methodology/approach This study uses a quantitative (i.e. multiple regression analysis that involves moderating variables) and descriptive approach. Multiple regression analysis with the stepwise method is implemented to get the best regression model of community’s behaviour in paying zakat. This study takes a sample of Muslim communities in several regions (northern coast) of Central Java, Indonesia. Findings In the situation of the absence of government regulations relating to the obligation to pay zakat for Muslim communities, the community’s behaviour in paying zakat can be formed through two things, which are: increasing the zakat understanding and strengthening the credibility of zakat management institutions. Providing complete information to the community regarding the existence and what has been done and what will be done by the zakat management institution is very necessary. Research limitations/implications This study has not specifically discussed the various types of zakat paid, such as commercial zakat, agricultural zakat and professional zakat. Therefore, future research can be done more specifically to determine the behaviour of paying zakat based on the type of zakat as stated. Practical implications Increasing the target of collecting zakat funds from the community nationally needs: (i) educating the community about zakat more broadly and sustainably; (ii) strengthening the credibility of the zakat management institution; and (iii) strengthening the flow of information from the zakat management institution to the community. Originality/value Research on community’s behaviour in paying zakat has never been done before. This study analyses the behaviour of paying zakat comprehensively, namely, in terms of adherence to God and the government, awareness without coercion and the behaviour of choosing a place to pay zakat.
Purpose This study aims to explore the risk management practices of Islamic microfinance institutions (IMFIs) to increase their financial performance and sustainability. Design/methodology/approach This research used a qualitative approach to increase financial performance and sustainability. The study population comprised the Baitut Tamwil Muhammadiyah (BTM) in Central Java Province, Indonesia. The data collection techniques included questionnaires and an in-depth interview, and the framework was validated by the main participants. Findings This study showed that BTMs have implemented risk management using different standards. However, such risk management is carried out partially while prioritising certain risks and using different methods. The risk of Sharia compliance is the most recognised risk, while financing and operational risks are the most anticipated, because these two risk types directly impact financial performance and sustainability. In general, a risk management model can improve financial performance and sustainability. Nevertheless, there are obstacles in implementing risk management at BTMs, which include weak human resources, the employee selection process, human resource development and a good control system. Originality/value This research explored best practices for risk management in IMFIs and may contribute to the development of risk management in such institutions to maintain the financial performance and sustainability of their services.
PurposeCertification information published by a company will be responded by the market. Therefore, the purpose of this study is to examine the impact of ISO 9001 certification on the stock market reaction as indicated by stock returns reaction of companies in Indonesia.Design/methodology/approachThis study used event study method with the period of 13 days. It consists of 6 days before and after ISO 9001 certification announcement and 1 day at the time of the event. It analyzed by using pair sample t-test and one sample t-test. The stock return data is obtained from companies that are ISO 9001 certified and it tested for their stock reactions before and after the certification.FindingsThe results of empirical research showed that the average and companies cumulative abnormal returns in Indonesia react quickly and positively on the first day after ISO 9001 certification announcement. This study proved the differences between abnormal returns before and after the ISO 9001 certification announcement period.Research limitations/implicationsThe company's success in implementing ISO 9001 will have an impact on investment in the capital market with a positive response from stock market players. The implication of this study is the further research can examine directly the impact of ISO 9001 implementation on investor behavior in the capital market.Originality/valueBased on the development of the literature review, this is the first study which examined the impact of ISO 9001 certification announcement on investor reactions in the short term. Therefore, companies in Indonesia need to implement a quality management system for investors in Indonesia.
Limited capital and the low quality of human resources are obstacles to develop micro-enterprises that is managed by fishermen’s wives in Rowosari, Kendal, Central Java. Therefore, it is necessary to economic empowerment in the form of entrepreneurship and business financial management training as well as providing business capital stimulus with the qardhul hasan contract to 20 people. The purpose of this community service, a) Improving entrepreneurial and business financial management knowledge and skills of micro business for fishermen’s wives in Rowosari, b) Motivate and improve entrepreneurial competencies and business financial management competencies for fishermen’s wives in Rowosari, so that they become independent, strong women who can help their family economy and improve their welfare. Qardhul Hasan is a financing for the poor, without collateral and interest, while the borrower is required to return it and pay administrative fees. Qardhul Hasan funds are sourced from zakat, infaq, and sodaqah funds. Community service methods: a). Identifying micro-enterprises that have been carried out by fishermen’s wives in Rowosari, Kendal, Central Java, their potentials and problems, b). Giving a Qardhul Hasan financing collaboration with the Rahmat Semesta Foundation. c). Provide entrepreneurial training and business financial management to them, d). Community services performance evaluation. The results show that after getting a Qardhul Hasan loan and receiving training and assistance in the field of entrepreneurship and business financial management, their entrepreneurial and business financial management knowledge and skill increase and hope that their business develops well and their income and welfare increase.
This study aims to determine and analyze the influence of learning orientation and social capitalon human resource performance with affective commitment as an intervening variable at PT.SAI Apparel Industries Semarang. Population in this research is all employees of productionof PT. SAI Apparel Industries Semarang as many as 3.100 people, with a sample size of 97respondents. The sampling technique is Proportional Random Sampling. The analytical tool isthe path of analysis, where previously tested the validity and reliability as well as the classicalassumption test.The result showed that learning orientation and social capital proved to havepositive and significant impact on affective commitment and human resource performance.Affective commitment has a positive and significant effect on human resource performance.Affective commitment can be an intervening variable between learning orientation towardshuman resource performance, meaning higher learning orientation, it will increasingly make theemployee able to adjust themselves between the system with the work environment so that it willincrease the affective commitment of employees in achieving maximum performance. Affectivecan be a variable intervening between social capital to human resource performance, it can beinterpreted that the height of social capital, the more the formation of sense of togetherness,solidarity, and also the responsibility of common progress in supporting employees affectivecommitment, which will certainly impact on the high performance of employees maximum.Keywords : Learning orientation, social capital, affective commitment and human resourceperformance
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