Search

Melonjaknya harga bahan bakar minyak (BBM) di Indonesia disebabkan kelangkaan minyak di dunia serta harga minyak mentah yang semakin tinggi pada tahun 2011. Kenaikan harga BBM memiliki multiplier effect pada seluruh sektor perekonomian, mulai dari transportasi, biaya produksi sampai dengan inflasi. Penelitian bertujuan untuk mengetahui Peranan Pemerintah terhadap Intervensi Pasar dalam Perspektif Islam dalam kasus kenaikan harga BBM di Indonesia, melalui pendekatan kualitatif, dengan metode studi kasus dan dokumenter. Dalam kasus ini, pemerintah Republik Indonesia melakukan intervensi dengan menetapkan harga beberapa komoditas BBM seperti solar, premium dan pertalite. Peran pemerintah dalam intervensi harga kenaikan BBM diperbolehkan dalam perspektif Islam, selama bertujuan untuk meningkatkan kemaslahatan masyarakat dan melindungi kepentingan rakyat, seperti mengurangi ketimpangan.

Sovereign Sukuk has become a promising instrument for a country to overcome difficulties in financing government projects. Sukuk is a financial instrument for the Islamic capital market with a low level of risk. Green sukuk becomes popular since most of the conventional investment activities ignore the environment aspect. Starting in 2018, Indonesian government has developed a green sukuk scheme as a financing instrument for environmentally friendly projects to reduce the impact of global climate change. This study aims to analyze the role and challenges of green sukuk for climate change resilience in highly vulnerable areas during the Covid-19 crisis. This study is conducted through a qualitative method with a phenomenological approach. Data collections are carried out through literature studies and case studies on some climate projects in highly vulnerable areas in Indonesia. The results show that during the Covid-19 pandemic, green sukuk has contributed an important impact for climate change resilience in highly vulnerable areas. There are some challenges in the development of green sukuk. The lack of awareness of social risks as well as environmental risks have become main challenges. In the future, the decision policy makers should provide greater incentives and a more inclusive legal umbrella for green financing schemes.

COVID-19 is having a significant impact on the world. Not only attacking the health sector, but the effect of this pandemic is also rooting in all industries. Several states are struggling with an economic recession within several months. Indonesia is one of the countries which experiences the economic downturn shown by the increase in the number of poverties, unemployment, and laid-off workers. While struggling with these issues, both government and Indonesian society should work together to prevent the economic recession. This research aims to capture the impact of social awareness by the community to slow down the pandemic’s effect. Social awareness as a snapshot of the neighborhood reinforcement method (NRM) is used to measure the program’s impact. This research is conducted in a subsidized housing community in Malang. Using structural equation model, this study attempts to measure five different aspects, including (i) economic aspects, (ii) human aspects, (iii) sociocultural aspects, (iv) political aspects, and (v) protection aspects. The result shows a different impact on each element, both positively or negatively.

Innovation in learning is necessary to answer the challenges of education in the 21st century. Students who are prepared for the demands of this era will have a mindset to not only seek work but also to create work. Efforts to promote this mindset in students majoring in Development Economics is done by implementing learning innovations in entrepreneurship courses using the experience-based learning model adapted from David Kolbs (1981). This descriptive qualitative research was conducted to examine the innovation of learning using an experience-based learning model. This learning was expected to promote entrepreneurship values in the students based on local wisdom. The data were collected through in-depth interviews with and participant observation of Development Economics students who took the entrepreneurship course, and through the study of documents. Keywords: Experience-Based Learning, Entrepreneurship Values, Local Wisdom

The vicious circle of poverty in a country could stop if the government was able to solve the problem of unemployment. One way to reduce unemployment is to boost investment. In addition, in the era of the industrial revolution the role of technological development also needs to be considered as a means of reducing unemployment. This study is aiming to analyze the effect of physical investment, educational investment, and technological changes on unemployment in Indonesia. The data used in this study are obtained from Indonesian Central Statistics Agency (BPS). The technological development is proxied by Index of Technology and Communication. The regression method is used to reach the aim of the study. The result of the analysis indicates that the physical investment and technological development have a negative and significant effect on unemployment. Moreover, the findings suggest that the reduction in unemployment in Indonesia is caused by many people who become online motorcycle taxi drivers in the informal sector. Keywords: technology development, physical investment, educational investment, unemployment, panel data

Objectives of financial management may be broadly divided into two parts such as profit maximization and wealth maximization. But alms-giving doesn’t have any connection with profit maximization or wealth maximization. Giving of alms is individual spending with non-profit oriented. Alms-giving objective for religious reason only to obey God’s order. In macro economics and micro-economics theory there are alms component as spending. Because alms-giving is better to be spent secretly. The research aims to analyze causality relationship between giving of alms with individual financial management using Econometric analysis Toda-Yamamoto causality test with E-views software. Purposive sampling method is employed to get primary data from respondents. Personal finance management is an activity that involves all the individual financial decisions, which includes budgeting, saving, insurance, mortgages. When a person plans his personal finance, he needs to take a range of financial products and other personal factors into consideration. Personal finance management has a huge influence on one’s life and future. Respondents comes from various region with various occupation and income with various religion background. Research analysis finds overwhelming support for the idea which optimism impacts economic decision-making by proving that alms affect financial management. Keywords: Alms-giving, financial management, Toda-Yamamoto causality test

Investment as a means of developing assets is no longer a luxury activity reserved for a select few. Nowadays, as financial technology advances, everyone has equal access to investment information. This change generates new perspectives in which investing is not restricted to the wealthy, leading everyone, even on-budget millennials to be investors. The purpose of this research is to determine the variables affecting investing decisions at an early age, especially among millennials. This research adopted single-equation regression models to examine the dependent variable on several explanatory variables and estimate mean or average value. The data was generated using a questionnaire to 140 respondents. Three distinct variables utilized as independent variables are financial literacy, motivation, and the digitization of investing platforms. The findings indicate that financial literacy and motivation substantially affect millennials’ investment decisions, while digitization presents no correlation to the Millennials’ investment decisions.

Zakat has known as one of the vital instrument in economic that holds some benefits for increasing aggregate demand, expanding job opportunities, reducing poverty and triggering economic growth. As one of the large cities in East Java Province, Malang has a potential issue through commerce zakat which most of the people’s livelihood engaged to and composition of regional income (PDRB) is dominated by a commerce sector. On the other hand, it is not supported by the real condition in the field that shows the opposite compared to the low percentage of commerce Zakat payer. Based on the reason, the author is triggered to investigate and to elaborate the complexity of Moslem’s decision in performing commerce zakat payment. This research relies on Multistage Sampling Method involved 100 participants by taking location at Malang. Furthermore, the accumulated data field is analyzed through Logit Method to identify the influential factor of the decision in Zakat payment. Processed data binary logit regression determines the most influential factor of Moslem’s decision in performing commerce zakat payment in Malang which relies on the level of income and their knowledge about Zakat’s scheme. According to this result, businessmen or traders who have high income level and moderate comprehension of laws, percentage, extrapolation, nisab, and paying period of commerce zakat have bridged up into a higher probability to perform commerce zakat. Whereas level of age, formal education, non-formal education, motivation, availability of Amil Zakat Institution (LAZ) and business period do not affect the decisions. Keywords: d ecision to perform Zakat , C ommerce Z akat, L ogit A naly si s, Malang City