3 research outputs found

    An Ethnographic Study of Consumption, Saving, and Investment Patterns of Minang Millennial Parents in Jakarta with Islamic Wealth Management Perspective

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    The purpose of this study is to see how the opinion of the Minang ethnic group of parents in Jakarta regarding Islamic wealth management related to consumption, saving and investment patterns. The Minang ethnic community, which has a philosophy of traditional life, adat basandi syara-syara basandi kitabullah (Yoserizal, 2018) means that customs are side by side with sharia. sharia is side by side with the book of Allah (al-Quran) and is also known as an ethnic group that is hardworking, good at trading, likes to migrate, and also closely holds religious values. Assets in the view of Islam are a mandate and must be maintained and managed as well as possible for the benefit of themselves, their families, and others through zakat, infaq, shodaqo, and waqf. The millennial generation lives in an era of rapid information flow, in several studies shows that the largest income earned is used for consumptive activities, compared to storage and investment options. This research is a type of qualitative research using an ethnographic study approach. There are 8 respondents, they are Minang ethnic who was born in the millennial era, already have children, and live in Jakarta. The results show that the pattern of financial regulation of the ethnic Minang millennium has philosophical values of Minang customs which are adat basandi syara-syara basandi kitabullah, this is in line with the pattern of Islamic Wealth Finance, such as obtaining halal assets and goods for getting blessings in personal and household life. Regarding the allocation of Ziswaf (zakat, infaq, alms and waqf) in an effort to purify property, some respondents have budgeted regularly and some do it spontaneously. This is in accordance with the Minang saying, anak ikan dimakan ikan, gadang ditabek anak tenggiri. Ameh bukan perakpun bukan, budi saketek rang haragoi which means that we are on good terms not because of wealth but because of kindness. Respondents also believe that in regulating consumption patterns, parents must set a priority scale. The goal is to manage family finances so that it goes according to what the family expects. This is in line with the Minang saying,katiko ado ditahan Lah tak ado baru dimakan which means that if there is a saying that violates wasting, it should be stored and removed if necessary

    Christian Tithe vis-a-vis Islamic Zakat Concept: A Comparative Study in Socio-Economic Scope

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    This study is aim to compare a social fund concept in Islam and Christian. Comparing a tithe as an instrumen of christian social funds and zakat as an instrument of Islamic social funds. Moreover, this study will delve a scheme of each concepts and compare its effeciency in achieve a socio-economic goals. The study was applied a dual qualitative methods. The first is literature review method, which is use to identify a relevant theories of a study. Theories will be compared by a second method, that is, qualitative comparative analysis method. The findings is, tithe and zakat has same objectives, that is, a human prosperity. But, both of these differences in collecting and distribution procedure. A tithe is collected of 10% from a congregation when he gets sustenance. And the distribution is left to the church for any purpose. Meanwhile, a total collection fund of zakat is only 2.5% per Muslim. Then, it’s only obligated to a man who meet requirement. Distribution concept that was regulated in Islamic scripture (Qur’an)f. The research was only compare a tithe and zakat instruments as a representation of Islam and Christian social funds. And the study was only a theoritical research. That is limited in Islam and Christian in social-economic views. The study inspired by two previous studies, that is, Dahl & Ransom (1999) and the study of Ahmad & Mahmood (2009). Researcher hasn’t found a study as like as this study yet. So, it can be stated that it was an original study

    Determinants of Micro and Small Enterprise’s Interest to Participate in Self-Declare Halal Certification

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    The Micro and Small Enterprises (MSEs) market share is expected to increase with the halal certification of their products and services. However, MSEs have limited resources. In response, the Government introduced a self-declare halal certification program in 2022. From the total number of MSEs, which reached 8.7 million units as of March 2023, only about 79 thousand have self-declare halal certificates. Therefore, this study aims to analyze internal and external factors that influence the interest of  MSEs towards halal certification through a self-declare scheme. The study involves 86 MSEs respondents from Bogor, West Java. Using Partially Least Square (PLS) with a second-order approach. The findings reveal that internal factors marginally affect MSE's interest to pursue self-declare halal certification. The three strongest indicators of internal factors are: (1) improving human resource performance, (2) increasing efficiency and financial returns, and (3) awareness of religiosity. Interestingly, external factors do not influence the interest of MSEs to obtain self-declare halal certification, except for government policy, which significantly impact the intention in the first-order test. The main implication of this research is the importance of more substantial government support to help MSEs obtaining halal certification such as socialization, training as well as mentoring Halal Self Declare Certification at an affordable cost
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