Hendri Hermawan Adinugraha, Muhammad Shulhoni, Dliyaudin Achmad
{"title":"Islamic social finance in Indonesia: Opportunities, challenges, and its role in empowering society","authors":"Hendri Hermawan Adinugraha, Muhammad Shulhoni, Dliyaudin Achmad","doi":"10.20885/risfe.vol2.iss1.art4","DOIUrl":"https://doi.org/10.20885/risfe.vol2.iss1.art4","url":null,"abstract":"Purpose – This study identifies and analyzes Islamic social finance's potential, opportunities, challenges, roles, and impacts in empowering people in Indonesia.Methodology – This research used descriptive and explorative qualitative methods with a systematic literature review. This study used data analysis techniques and content analysis. Findings – This research shows enormous potential for Islamic social finance in Indonesia. Indonesia’s opportunity as a country that has the largest Muslim population in the world and has a large market potential for Islamic social finance. Challenges in developing Islamic social finance, namely the low support for Islamic social finance, the absence of Islamic banks that have maximum assets, the lack of qualified Islamic economic, human resources in the field of Islamic social finance, and the low capacity of research and development of Islamic social finance. Islamic social finance is oriented toward social welfare. This is concrete evidence of its strategic role in community empowerment and poverty alleviation in Indonesia. Islamic social finance is proven to be the main instrument that has a central role in sustainable poverty alleviation that impacts the benefit of all society. Implications – Islamic social finance should integrate with other Islamic philanthropic institutions domestically and globally to expand its impact in empowering people in Indonesia.Originality – This highly structured and in-depth literature review examines and describes the potential, opportunities, challenges, roles, and impacts of Islamic social finance.","PeriodicalId":250607,"journal":{"name":"Review of Islamic Social Finance and Entrepreneurship","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131951459","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Islamic economics, banking, and finance literature bibliometrics approach: Guideline for journal databases","authors":"","doi":"10.20885/risfe.vol2.iss1.art3","DOIUrl":"https://doi.org/10.20885/risfe.vol2.iss1.art3","url":null,"abstract":"Purpose – This paper aims to present a comprehensive understanding of performing a bibliometric study that uses a journal as the research data. Moreover, this study also aims to offer guidelines for conducting bibliometric analysis that provides a meaningful discussion about the journal's performance, particularly in Islamic Economics, Banking, and Finance (IEBF) field.Methodology – This study discussed bibliometric as a methodology by adopting a literature review approach on four selected bibliometric articles in the IEBF field that use a journal as their research data. Previous bibliometric studies on IEBF that utilize journals as their research data have a commonality in selecting the journal based on the adequacy and availability of data and the journal's position and impact.Findings – This study highlighted the most used metrics and techniques to present the journal's performance. Importantly, this study suggested that future research must elaborate their findings with the current facts and academic reasons to enrich the discussion.Implications – This study will be benefited the journal editors and scholars in adopting appropriate bibliometric analysis that uses a particular journal as the research data. Consequently, this study will contribute to enhancing the research quality of IEBF.Originality – This study is a pioneer attempt to propose a bibliometric research guideline that utilizes specific journals as the research data.","PeriodicalId":250607,"journal":{"name":"Review of Islamic Social Finance and Entrepreneurship","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126513258","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Optimization of Cash Waqf Linked Sukuk (CWLS) for supporting Indonesia’s economic recovery post-Covid-19 era","authors":"Sulaeman Sulaeman, S. Zubaidah, Tika Nur’atikah","doi":"10.20885/risfe.vol1.iss2.art4","DOIUrl":"https://doi.org/10.20885/risfe.vol1.iss2.art4","url":null,"abstract":"Purpose – The purpose of this study is to analyze the optimization of the Cash Waqf Linked Sukuk (CWLS) issuance mechanism and its potential to support Indonesia's economic recovery after the Covid-19 pandemic.Methodology – This study uses a qualitative descriptive analysis approach by exploring the relevant literature. This study also uses the SWOT (Strength, Weakness, Opportunity, and Threat) to obtain information on internal and external factors that can support and inhibit the planned issuance of CWLS.Findings – This study found that the investment returns from cash waqf funds in the CWLS model can be utilized for social and economic development in Indonesia. In line with the objectives of Indonesia's economic recovery program, namely: aiming to protect, maintain, and improve the economic capacity of business actors, especially MSMEs, in running their business during and after the Covid-19 pandemic in Indonesia.Implications – The CWLS model is expected to make a positive contribution to the Indonesian government and policymakers as material for further study of Islamic financing instruments, which can optimize their role in supporting the financing of Indonesia's economic recovery programs during and after the Covid-19 pandemic.Originality – The novelty of this research is proposing an alternative source of financing for the government in supporting Indonesia’s economic recovery. Further, this research contributes to the existing literature on Islamic social finance, especially for waqf studies.","PeriodicalId":250607,"journal":{"name":"Review of Islamic Social Finance and Entrepreneurship","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122184458","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Women entrepreneurship: A sentiment analysis","authors":"A. Rusydiana, Nadia Nurul Izza","doi":"10.20885/risfe.vol1.iss2.art3","DOIUrl":"https://doi.org/10.20885/risfe.vol1.iss2.art3","url":null,"abstract":"Purpose – This study aims to determine the sentiment towards women's entrepreneurship development in the last 32 years, from 1987 to 2019Methodology – The method used is descriptive statistical analysis combined with meta-analysis and sentiment from secondary data in metadata from 98 Scopus indexed publications, then processed using Microsoft Excel 2019 and SentiStrength software.Findings – The sentiment analysis results show that the expert opinions on the development of women's entrepreneurship are diverse, with positive sentiment at 30.6%, negative sentiment at 30.6%, and neutral sentiment at 38.8%. Based on the study results, it was found that there had been a rise in the study on the topic of developing women's entrepreneurship in the scholarly literature. Implications – These results can be used as illustrations to provide education and literacy about existing barriers to women's entrepreneurship. A strong commitment from a variety of stakeholders, including interested parties such as policymakers and the government, hoped to play a critical role in supporting and strengthening the women entrepreneurship ecosystem to advance economic empowerment by advancing innovation in tandem with the advancement of digitalization in the form of digital technology, improving the education system and employment practices can maximize the potential of female entrepreneurs, resulting in positive outcomes such as job creation and increased welfare, as well as assisting the United Nations in implementing the Sustainable Development Goals (SDGs).Originality – There are no papers discussing the evolution of global views of interest in women's entrepreneurship research using the sentiment method. Therefore, this paper is among the first.","PeriodicalId":250607,"journal":{"name":"Review of Islamic Social Finance and Entrepreneurship","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128203069","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Women’s role in family economic resilience in the time of the Covid-19 pandemic according to Islamic perspective","authors":"Rizky Andrean, Hendri Hermawan Adinugraha, Achmad Tubagus Surur","doi":"10.20885/risfe.vol1.iss2.art6","DOIUrl":"https://doi.org/10.20885/risfe.vol1.iss2.art6","url":null,"abstract":"Purpose – This paper tries to examine and explain how the role of women in the economic resilience of the family during the Covid-19 pandemic from an Islamic perspective. Methodology – The method in this research is a phenomenological study and also a descriptive analysis. This research is a literature study or library research using a qualitative research approach. This study uses secondary data originating from the publication of scientific journal articles, the results of previous studies, and other reference sources that are relevant to the thing being studied. Findings – The results of the study show that working women play a very important role in maintaining the economic resilience of the family, especially during the pandemic. However, on the other hand, women who help make a living also have their challenges, namely how they can divide their time between working to earn a living and also taking care of the household. Implications – Working women must be able to balance the roles they have. Islam allows women who work to help earn a living with the record that it is with the permission of her husband, to avoid things that are contrary to the Shari’a, and also stay away from work that is contrary to her feminine nature.Originality – Religious teachings that serve as guidelines in life will also be a separate perspective that will enrich views on how women work.","PeriodicalId":250607,"journal":{"name":"Review of Islamic Social Finance and Entrepreneurship","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123886603","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Women entrepreneurs in the era of metaverse: An Islamic economic perspective","authors":"T. Samad, Nugraha Hasan","doi":"10.20885/risfe.vol1.iss2.art5","DOIUrl":"https://doi.org/10.20885/risfe.vol1.iss2.art5","url":null,"abstract":"Purpose – This study aims to reveal the phenomenon of women entrepreneurs in the era of the Metaverse and analyze the Islamic economic viewpoint on using the Metaverse for business purposes. Methodology – For the research procedure, this study uses a qualitative method with descriptive analyses and collects the sources of research using the library research technique. Findings – This paper's findings showed that a growing number of entrepreneurs are conducting business in the Metaverse world, including women entrepreneurs. It also can be seen that cryptocurrencies used as tools for business transactions in the Metaverse are not in accordance with Islamic principles. It can be concluded that it is better for Muslim entrepreneurs to always be on track with the Islamic way, particularly in running their businesses.Implications – The rising amount of women entrepreneurs in this generation has become remarkable, concurrent with the evolution of digitalization which eases the praxis of business to occur, particularly in the era of the Metaverse. Yet, it is also essential to analyze the usage of the business platform in the sphere of Metaverse from the perspective of Islamic economics for business activity, not to contradict the principles of Islam. Originality – This study is to complete the lack of previous studies explaining the phenomenon of women entrepreneurs in the recent era of the Metaverse and discuss the perspective of Islamic economics concerning business in the Metaverse sphere.","PeriodicalId":250607,"journal":{"name":"Review of Islamic Social Finance and Entrepreneurship","volume":"100 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116067813","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Digital management on zakat institutions: Mapping using Biblioshiny R","authors":"Silma Lafifa Sunarya, Sabiq Al Qital","doi":"10.20885/risfe.vol1.iss2.art2","DOIUrl":"https://doi.org/10.20885/risfe.vol1.iss2.art2","url":null,"abstract":"Purpose – This study aims to identify and map the research most relevant to developing digital technology research trends published by leading journals on digital management in zakat institutions. Methodology – The analysis focused on describing the characteristics and trends of keywords, authors, citations, and journals. The data analyzed were 25 journal publications for the last four years starting from 2019-2022, accessed online by Dimensions on June 09 2022. The methods used were descriptive statistics and bibliometric analysis with Biblioshiny, an R-based application, to generate bibliometric maps. Findings – The study found that Indonesia's covid pandemic and zakat management blockchain is the most common words in this topic. Implications – This paper focuses on the development of the Islamic world in building and contributing to the digital ecosystem in zakat institutions. Originality – This research is expected to help carry out a comprehensive study of the center, identify research gaps, and help researchers determine research development by exploring findings that can still be developed related to digital management in zakat institutions are still limited","PeriodicalId":250607,"journal":{"name":"Review of Islamic Social Finance and Entrepreneurship","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130151914","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
H. Sudarsono, Indri Supriani, Andika Ridha Ayu Perdana
{"title":"Do perceived zakat institutions and government support encourage the entrepreneurs to pay zakat?","authors":"H. Sudarsono, Indri Supriani, Andika Ridha Ayu Perdana","doi":"10.20885/risfe.vol1.iss2.art1","DOIUrl":"https://doi.org/10.20885/risfe.vol1.iss2.art1","url":null,"abstract":"Purpose – This study aims to determine the effect of attitudes, subjective norms, institutional zakat systems, and government support in influencing the interest of entrepreneurs in paying zakat. Methodology – There are 140 respondents in this research from 6 big cities in Java, such as Jakarta, Serang, Bandung, Semarang, Yogyakarta, and Surabaya. This research uses the Partial Least-Square-Structural Equation Modeling (PLS-SEM) analysis technique with the Theory of Reasoned Action (TRA) model. Finding – The findings reveal that attitudes, subjective norms, and perceived zakat institutions affect entrepreneurs' interest in paying zakat. Meanwhile, perceived government support does not affect entrepreneurs to pay zakat.Implications – Zakat institutions need to regularly involve Muslim entrepreneur organizations in zakat management programs so that perceptions about zakat institutions and the role of government in improving zakat management can increase the motivation of entrepreneurs to pay zakat.Originality – There has been no previous research including perceived zakat institutions and perceived government support as variables influencing entrepreneurs' intention to pay zakat in Indonesia.","PeriodicalId":250607,"journal":{"name":"Review of Islamic Social Finance and Entrepreneurship","volume":"130 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116052477","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Ibn Khaldun's insight: Intellectual capital for entrepreneurship using wordclouds and netnography","authors":"Dicky Wahyudi","doi":"10.20885/risfe.vol1.iss1.art5","DOIUrl":"https://doi.org/10.20885/risfe.vol1.iss1.art5","url":null,"abstract":"Purpose – This paper aims to identify Ibn Khaldun's philosophy on the contribution of intellectual capital to increasing business performance for MSMEs.Methodology – Using literature studies and observations of online data, this paper focuses on identifying the typology of content used by internet users on Youtube channels to capture the involvement of entrepreneurs during the Covid-19 pandemic era. This study is conducted using the Netnographic method, whereas the Wordcloud technique was used to generate information for entrepreneurship from the youtube channel. The relevant channel is entitled “UMKM: Paling Tangguh Meskipun Kalah “Seksi,\" which means \"The greatest MSMEs even though they are less \"attractive\".Findings –The theory described by Ibn Khaldun is identical to intellectual capital, and the views of other researchers have been classified in this paper: (1)human capital, (2)organizational capital, (3)relational capital, (4)spiritual capital and (5)technological capital.Implications – This paper provides an alternative thought for the development of MSMEs to utilize intellectual capital to face the Covid-19 pandemic era and financial capital such as debt.Originality – This research attempted to show the scope of Ibn Khaldun's insight focuses on the process of economic development, but no one has yet discussed how Ibn Khaldun's view of economic philosophy relates to increasing business performance for MSMEs.","PeriodicalId":250607,"journal":{"name":"Review of Islamic Social Finance and Entrepreneurship","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132533383","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Evaluation of zakat literature: A bibliometric analysis and systematic literature review","authors":"Risna Putri Apriliyah, Bayu Arifianto","doi":"10.20885/risfe.vol1.iss1.art4","DOIUrl":"https://doi.org/10.20885/risfe.vol1.iss1.art4","url":null,"abstract":"Purpose – this study aims to determine previous research trends on zakat, assess the relationship of research collaboration, and identify future research directions.Methodology – It uses 87 articles published between 2009-2020 about zakat indexed in Scopus in Q1, Q2, and Q3. Using a qualitative and quantitative approach, the Bibliometric method and Systematic Literature Review (SLR). This study uses Vos Viewers software and Publish or Perish.Findings – It is known that three sub-themes dominate the research related to zakat: Implementation of zakat in alleviating poverty, zakat compliance, and distribution of zakat funds.Implications – This study implied that regulators can re-evaluate their regulations regarding zakat collection, management, and distribution. This is because they expect researchers, practitioners, and regulators to establish and implement policies for the future.Originality – It identifies three sub-themes that dominate research related to zakat, they are Implementation of zakat in alleviating poverty, compliance with zakat, and distribution of zakat funds.","PeriodicalId":250607,"journal":{"name":"Review of Islamic Social Finance and Entrepreneurship","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122027479","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}