The Impact of Implementing Islamic Wealth Management on Economic Empowerment of Women at the Majelis Taklim Post Covid-19 Pandemic

The general objective of this research is to analyze what factors keep women economically empowered during the Covid-19 period. The basic theory used is the theory of famines of poverty (Amartya Sen), which states that one of the main factors for women's economic empowerment is access to financial resources. In this study, the financial governance carried out refers to the Islamic Wealth Management concept developed by experts. The method used in this study is quantitative with a causality approach, and besides that, the data analysis technique used is Structural Equation Modeling-Partial Least Square (SEM-PLS). The subjects of this study were female micro-entrepreneurs who were able to be empowered during the Covid-19 pandemic. The results of this study conclude that of the five aspects of Islamic Wealth Management, there are wealth accumulation, wealth protection, and wealth distribution have a significant effect on women's economic empowerment. Furthermore, the wealth creation and wealth purification variables do not have a significant effect on women's economic empowerment. The implication of this research is to be able to create a digital platform that supports women's economic empowerment in order to help the economic conditions of people's households so that they can rise as a result of the Covid-19 outbreak

Technology acceptance of zakat payment platform: An analysis of modified of unified theory of acceptance and use of technology

This study aimed to determine and analyse the factors that affect a zakat payer receiving and using the zakat platform to pay the zakat. A total of 264 self-administered questionnaires were distributed to respondents who have been paid zakat with the platform. The data were analysed using variance-based structural modelling (PLS-SEM) to examine the hypothesised relationships. The results show that performance expectations and social influence positively and significantly affect behavioural intentions. Facility conditions and behavioural intention have influenced positive and significant impacts on the behaviour of using the online zakat payment platform. Furthermore, this is caused by the trust of zakat payers against online zakat payment platforms that afford to pay zakat faster completion when compared to paying zakat offline. It is also supported by encouragement from the surrounding environment of zakat payers such as: family, work colleagues, community and charity organisations who use the online zakat payment platform

Reducing family poverty through an Islamic women’s empowerment strategy in Indonesia: An analytical network process approach

This study is intended to develop a strategy for the socio-economic empowerment of women from low-income families based on an Islamic perspective. The research was motivated by Indonesia’s low score on the Gender Inequality Index (GII) compared to other countries, indicating the gap between men’s and women’s empowerment in Indonesia. The percentage of women who become the heads of poor households increases yearly. This qualitative study uses the Analytical Network Process (ANP) to test the social welfare measures for low-income families carried out by governments, Islamic philanthropic institutions, and Islamic microfinance institutions. As many as fifteen respondents involved in the ANP method were experts on the studied problems, namely regulators, practitioners, and academics. The research results indicate that the main priority issue developing women’s empowerment is the development of partnership networks. In the next stage, the experts concluded that business assistance and mental-spiritual development were the main priorities for empowering women and reducing family poverty. The provision of financial access is the last priority. One implication of this study is that the empowerment program for women from low-income families must be holistic, e.g., by forming a Group Lending Model (GLM) with a modification of the majlis ta'lim (Islamic community discussion group)

Bibliometric Computational Mapping Analysis of Publications on Sustainability and Islamic Finance

This study assesses the discourses of sustainability in Islamic Finance industry using a bibliometric approach to computational mapping analysis. This study acquires the article data from Google Scholar database with utilizing Publish or Perish reference manager application. The terms and article abstracts are used in channel the search process by employing keywords of “Sustainability, Islam and Finance”. The results display 998 articles that are considered as being relevant with the topic. Google scholar indexed articles are used for ten-year period, from 2012 - 2022. From the results of the search, topics related with sustainability in Islamic Finance can be classified into four terms which are Sustainability, Islam, Islamic Finance and Finance. The term sustainability has 222 links with a total strength of 3997 links. The term Islam, based on the result has 208 links with 2435 links of strength. While the term Islamic Finance comprises 176 links with a total of strength is 1117 links. Afterwards the term Finance encompasses 201 links with a total of link strengths around 1727 links. Based on the trends, from 2012-2022, the research regarding sustainability and Islamic Finance is increasing steadily with a slightly decrease in 2015 to 2016. In 2022 up to September, the number of studies concerning the area of sustainability and Islamic Finance accounts for 79. This study observes the number of studies and the areas covered regarding the theme. The implication of this research could be a starting point in exploring research in sustainability and in the context with Islamic Finance role on it

Equity-based financing and risk in Islamic banks: A cross-country analysis

AbstractEquity-based financing (EBF) is an Islamic bank (IB) financing type that promotes justice, spirituality, and Islamic values. However, data shows that IBs still have low EBF. The researcher noted that with EBF, there is information asymmetry, agency problems and the potential for moral hazards, meaning EBF may be a risky type of transaction. This study aims to empirically show whether EBF is a risky transaction by looking at the role of EBF in non-performing financing (NPF), the z-score, and the return on average assets (ROAA). The research sample consisted of 54 IBs from 19 countries, with an observation period of 11 years (2009 to 2019). This study finds that EBF has a positive effect on NPF and does not affect the z-score and ROAA. The subsample test shows that EBF is riskier for large IBs than for small IBs. EBF has a positive effect on NPF and a negative one on ROAA for large IBs. In contrast, EBF has a negative effect on the z-score of small IBs. This research examines the robustness of these findings by employing other models as well as the generalised method of moment (GMM) to address any endogeneity problems