The purpose of this study is to examine and analyze the role of government as reflected ingovernment spending in the education and health sectors to Human Development Index(HDI) in 16 OIC Countries. The data used in this study secondary data in the form of paneldata conducted on 16 countries OKI in the period 2008 s/d 2011 which then analyzed withmultiple linear regression analysis tools. The results showed that government expendituresin the education sector and government expenditures in the health sector had aninsignificant negative effect on the Human Development Index (HDI) in 16 OIC States.
Islamic economics prioritizes the real sector including SMEs, and makes Islamic Economic institutions as supporters and drivers of the real sector. The market share of sharia financial has reached 8.5 percent, and will continue to grow and develop. Since the emergence of the corona virus outbreak, it has eroded and slowed down economic activity, including in the SMEs sector. SMEs are among the ones that have been significantly affected by the corona virus. To restore the economic activities of SMEs, the Islamic Economic Institutions have role to be able to restore the economic activities of SMEs. The purpose of this study is to determine the development of Islamic economic institutions, and to determine the role of Islamic economic institutions in restoring SMEs in the midst of the Covid-19 outbreak. This type of research is library research with qualitative characteristics. Sources of data in this research are secondary data sourced from several institutions that have been presented. The limitation in this study is only for a few Islamic economic institutions related to SMEs. The data analysis technique used in this research is descriptive qualitative. Describing the object of research on the development of Islamic economic institutions and the role of Islamic economic institutions to recover the real sector of SMEs is included in analysis technique. The results of this study indicate the development of Islamic economic institutions. Sharia Financing Banking (BPRS) grew by 349.34 for income, Sharia Microfinance Institutions (LKMS) grew by 11.75 percent for financing, Sharia Peer To Peer Landing (P2P) institutions experienced a decrease in assets by 0.05 percent, and Social institutions, the growth of social fund collection was 48.08 percent at Insisatif Zakat Indonesia (IZI), and the growth in distribution of social funds by 114.27 percent Badan Amil Zakat Nasional (BAZNAS). The role of Islamic economic institutions in the recovery of the real sector of SMEs in the midst of the Covid-19 outbreak, namely optimizing finance for SMEs, assisting financing customers, providing relief for affected customers, participating in marketing customer products online, maximizing profit sharing system, strengthening of partnerships, and maximizing the distribution of social funds for SMEs economic activities.
This study aims to find out empirically the effect of macroeconomics variables on the movements of the Indonesian Islamic Stock Index (ISSI). This research uses quantitative research methods, using multiple linear regression analysis models. Data collection uses secondary data from documentation related data. Data is taken from the monthly closing price of each variable from May 2011 to May 2019. The research test uses the t test and F test and is processed using Eviews8. The results showed that BI Rate and Exchange Rates (Kurs) has a negative and signifcant impact on Indonesia Sharia Stock Index (ISSI). However, the variable Bank Indonesia Certificates Sharia (SBIS), FED Rate, and World Gold Price, they do not have signficant influence on the Indonesia Sharia Stock Index (ISSI). The results showed that Bank Indonesia Certificates Sharia (SBIS), BI Rate, Exchange Rates (Kurs), FED Rate, and World Gold Price had a significant simultaneous effect on the ISSI, and the result of determination coefficient adjusted R2 values of 35,2%.
This study aims to determine the effect BOPO Effect Analysis, Capital Adequacy, Troubled Financing,Sharing and Profitability simultaneously and partially to rate Deposits at Commercial Bank SyariahMudharabah period 2011-2015. There are nine samples in this study who met the study criteria, namelyBank BCA Syariah, Bank BRI Syariah, Bank BNI Syariah, Bank Muamalat Indonesia, Bank SyariahMandiri, Bank Mega Syariah, Bank Panin Syariah, Bank Syariah Bukopin and Bank BJB Syariah. Theanalytical tool used is a panel data regression analysis. The model chosen is Random Effect are tested by Ftest and t test, with significance level of 5%. Result of test F known that ROA, CAR, NPF, Sharing and ROAsimultaneously affect the Deposit Mudharabah Islamic Banks. Based on the test results t is known that,CAR does not affect the Deposit Mudharabah. ROA, NPF, Sharing and ROA significant positive effect onMudharabah Savings on Islamic Banks. Adjusted R Square in this study indicate that the variable ROA,CAR, NPF, Sharing and ROA in explaining the dependent variable Mudharabah Savings amounted to66.50% while the remaining 33.50% influenced by other independent variables that are not used in this study.
This study aimed to examine the variables as determinant of Profit Distribution Management of theSharia Commercial Bank in Indonesia in the 2013-2016 periods. The variables studied consisted ofthe proportion of third party funds, the effectiveness of third party funds, the capital adequacy ratioand the ratio of operational costs to operating income. Samples were collected using purposivesampling technique. Data analysis technique used is multiple linear regression. The results showedthat the proportion of third party funds, the effectiveness of third party funds which was proxied byFinancing to Deposit Ratio (FDR) and Capital Adequacy Ratio (CAR) individually had a positiveand significant effect on Profit Distribution Management. In addition it was found that the ratio ofoperational costs to operating income (BOPO) had no significant effect on Profit DistributionManagement. The value of Adjusted R2 was 0,254 which means that variation of Profit DistributionManagement which can be explained by variable used in research was 25,4% while the rest equal to74,6% explained by other variables not used in the model of this research.
This study aims to find out empirically the influence Dow Jones Islamic Market Asia/Pacific ex-japan (DJIP2), Dow Jones Arabia Titans 50 (DJARB50), World Gold Price, Exchange Rate on the Jakarta Islamic Index (JII) movement. This research uses quantitative research methods, using multiple linear regression analysis models. Data collection uses secondary data from documentation related data. Data is taken from the monthly closing price of each variable from 2016-2018 (36 months). The research test uses the t test and F test and is processed using SPSS16. The results showed that DJIP2, DJARB50, and exchange rates had a significant effect on JII both partially and simultaneously while the world gold price did not have a significant effect on JII partially but simultaneously had a significant effect on JII.Keywords: Dow Jones Islamic Market Asia/Pacific ex-japan, Dow Jones Arabia Titans 50 (DJARB50), World gold Price, Exchange Rate, and Jakarta Islamic Index (JII)AbstrakPenelitian ini bertujuan untuk mengetahui secara empiris pengaruh Dow Jones Islamic Market Asia/Pacific ex-japan (DJIP2), Dow Jones Arabia Titans 50 (DJARB50), World Gold Price, Nilai Kurs terhadap pergerakan Jakarta Islamic Index (JII). Penelitian ini menggunakan metode penelitian kuantitatif, dengan menggunakan model analisis regresi linear berganda. Pengumpulan data menggunakan data sekunder dari dokumentasi data terkait. Data diambil dari harga penutupan bulanan masing-masing variabel dari tahun 2016-2018 (36 bulan). Pengujian penelitian menggunakan uji t dan uji F dan diolah menggunakan SPSS16. Hasil penelitian menunjukkan DJIP2, DJARB50, dan nilai kurs berpengaruh signifikan terhadap JII baik secara parsial maupun secara simultan sedangkan harga emas dunia tidak berpengaruh signifikan terhadap JII secara parsial namun secara simultan berpengaruh signifikan terhadap JII.Kata Kunci: Dow Jones Islamic Market Asia/Pacific ex-japan(DJIP2), Dow Jones Arabia Titans 50 (DJARB50), Harga Emas Dunia, Nilai Kurs , dan Jakarta Islamic Index (JII)
Islamic banking has a huge role in accelerating the growth of Micro, Small and Medium Entrerprises(MSME)s in Indonesia. The largest Muslim population in Indonesia is one factor for the developmentof MSMEs. This paper explains how the Problems and Challenges of MSMEs in Indonesia;Development of MSMEs in Indonesia; Relationship Between Islamic Bank and MSMEs in Indonesia;The Role of Islamic Bank for Development MSMEs; and The Challanges of Islamic Bank forAccelerating the Growth of MSMEs in Indonesia. The end of this paper, the authors offer solutions toIslamic banking challenges in accelerating the growth of MSMEs such as: First, to improvemudhorobah and musyarakah financing schemes to accelerate and develop MSMEs in Indonesia;Secondly, to reduce the dependence on the use of Murabahah contract products that are consumptiveand targeted middle and upper only, Third, improve the financing scheme Qordhul Hasan contract bycooperating against Islamic social institutions, such as BAZNAS, BAZDA, LAZ, BWI, and Mosque,etc by maximizing the utilization of zakat funds, infaq, alms, waqf which has been only consumptive.Fourth, the cooperation of linkage program to BPRS and BMT so that the funds channeled can bedirected to remote areas and on target. Fifth, coaching, mentoring, and mentoring to BPRS, BMT,MSMEs business practitioners, and Islamic social institutions in order to develop funds that are storedproductively. Sixth, allocate Hajj and umroh investment funds to MSMEs business practitioners.
Generally, we can see that law is all rules of behavior in norms regulating orders among societies. Likewise, sharia economic law regulates policies of the community in economic activities, and the application of this rule in Indonesia can be studied through Islamic boarding schools as a place for Islamic scientific education. The condition of this Indonesian pesantren is no longer only studying classical sciences. Still, also it has developed by studying modern sciences such as studies in several Indonesian pesantren which have revitalized sharia economic law as a study, which is included in the science curriculum and equipped with institutional facilities to support learning in providing an overview of sharia economic practices. Accordingly, the program has become one of the instruments for accelerating the mega-merger of Islamic banks. This research used qualitative methods with data collection through interviews and direct observations in the field. This study found that Islamic boarding schools in Indonesia have provided Islamic economic, scientific facilities, and Islamic microfinance institutions to support learning Islamic economic law to introduce knowledge and provision of Islamic economic practices so that students could apply Islamic economic values. Meanwhile, the existing programs in Indonesian Islamic boarding schools produced reliable students in the sharia economy to support the acceleration of the Islamic Bank's mega-merger through several programs such as the study of muamalah fiqh books, in collaboration with education and training held by financial institutions owned by Islamic boarding schools as well as employment programs for alumni of pesantren and guiding Islamic banking.
Islamic banking acceleration has been the major theme discussed for years, indicating the importance of such topic to be reexamined comprehensively. This study is aimed to empirically examine several aspects and condition which may play a leading role in accelerating (preventing) the growth of Islamic bank in two countries, namely Malaysia and Indonesia. To that end, this study attempts to incorporate selected internal bank condition and macroeconomic situation in a single model to exhibit the dynamics relationship between both and the total asset of Islamic banking. In terms of methodology, this study employs the dynamic panel model that is expected to be able to address the research questions. The result of this study demonstrates that both third party fund and financing-to-deposit ratio are proven to be effective in accelerating the Islamic banking asset, as opposed by the non-performing financing ratio that has a negative impact on it. Moreover, it becomes apparent the acceleration of Islamic bank share is heavily dependent upon the real sector growth represented by GDP yet the monetary variables (interest rate and exchange rate) remains the serious problem for Islamic bank to foster the growth. This implies that the real sector is valuable contributor to the share of Islamic bank compare to monetary condition.
Penelitian ini bertujuan untuk menjelaskan sifat dar islamic differentiation advantage (IDA), Cost Advantage (CA) pada kinerja pemasaran UKM. IDA dan CA adalah driver yang dapat menciptakan keunggulan tersendiri yang mampu meningkatkan kinerja pemasaran dalam UKM , sedangkan Product Innovativeness (PI) dianggap sebagai tuas utama keunggulan kompetitif dalam menghadapi dunia bisnis yang dinamis dan lingkungan bisnis yang kompleks. Metodologi survei digunakan untuk mengumpulkan data. Untuk memperjelas hubungan antara kemampuan PI, kemampuan IDA dan CA terhadap MP, tinjauan literatur kualitatif telah dilakukan. Ulasan ini telah mengungkapkan satu model struktural menghadirkan interaksi yang mungkin antara konstruk diamati. Confirmatory factor analisis telah digunakan untuk evaluasi model pengukuran yang diusulkan sementara pemodelan persamaan struktural telah digunakan untuk model struktural ' penilaian dan pengujian hipotesis. Kemampuan Product Innovativeness Meningkatkan kemampuan islamic differentiation advantage and Cost Advantage yang meningkatkan kemampuan Marketing Performance. Akibatnya, kemampuan Product Innovativeness mampu meningkatkan marketing performance melalui kemampuan islamic differentiation advantage and Cost Advantage. Dari uji statistika yang dilakukan ditemukan bahwa cost advantage lebih dominan mempengaruhi kinerja pemasaran dibandingkan islamic differentiation advantage dalam penelitian ini.
This study aims to determine and analyze what factors influence consumer buying behavior in the era of citizen 4.0 and the most dominant influences on consumer buying behavior in citizen 4.0. This research uses descriptive and explanatory survey methods. Sampling was carried out using the Accidental Sampling sample technique. The data analysis technique used is factor analysis. The findings of this study are factors such as availability and price factors, promotion factors, comfort factors, varieties and comparison factors, after-sales service factors, and connectivity factors that influence consumer purchasing behavior in the era of citizen 4.0. Besides that, variety and comparison factors are the most dominant factors affecting consumer buying behavior in the age of citizen 4.0, followed by availability and price factors, comfort factors, promotion factors, after-sales service factors, and connectivity factors.
A contract is a written agreement between a Sharia Bank or a Sharia Business Unit and another party that contains the obligation for parties in accordance with sharia principles, this is a definition according to the Sharia Banking Law. A contract is a legal relationship between parties that creates rights and obligations that are exchanged by the parties. An agreement is an event someone promises to another person or somewhere two people promise to do something or plan. All three are equated in the concept of business law engagement. The difference between the agreement and the contract according to the science of jurisprudence, the agreement is different from the agreement according to business law, but the difference is only in the term of use. By law and sharia, the murabahah and wakalah contracts are legalized. But if the murabahah bil wakalah agreement is not clear between the two contracts which one is used, there is obscurity (gharar), the law is haraam. But if the two contracts can be clear (not gharar) and separate (which one is the right one), then a transaction with two contracts is permitted, for example murabahah bil wakalah transaction, by means of the wakalah contract, then the murabahah contract, then this contract is enforced.
It is imperative for all people working in Indonesia to become members of the Social Security Organizing Agency (BPJS) to ensure safety while working. Indonesia which discussed the Muslim population reconsidered the transactions in the Employment BPJS. This study will analyze the BPJS Employment program in the field of Islamic economics. By using a qualitative method with a theoretical perspective by collecting documents and analyzing data both in terms of class, race and gender, this paper wants to understand the contract that occurs in BPJS Employment in order to answer some questions of Indonesian people especially those who are Muslim (Muslim). Based on the results of the discussion, the BPJS Employment contract program does not deviate from sharia economic law (Islamic economic law) because, in the Work Accident Guarantee Program (JKK) including the tabarru contract, which can only be done on benevolent matters. The Death Assurance program (JKM) is an implementation of at-takmin at-ta'awuniy namely ta'awun in the tabarru contract. This second program is for one purpose, which is to help welfare among workers. For the Old Age Guaranteed (JHT) program, this program has concepts such as the mudharabah musytarakah contract. Similarly, the Pension Guarantee program (JP) as a transition from inheritance contract. Keywords: Employment BPJS, contract, sharia economy, welfare
Inclusion wakalah in murabaha financing is an innovative banking practitioners, hybrid contract, an agreement the two parties to implement a contract that contains two or more contract. Wakalah wal Murabahah is a financing agreement of sale and purchase, the bank as the seller has set aside and delegate to the customer as a buyer to purchase their own items needed on behalf of a third party bank independently. This study aims to determine the implementation of inclusion wakalah on murabaha financing at BNI Syariah Branch Kendari and economic overview of Islam against the inclusion of such contract. This study is a qualitative research using interview, observation and documentation to collect data, and then processed and analyzed by the reduction step, presentation and conclusion. Based on the nature and purpose, this study included descriptive exploratory study. The approach used in this study is normative. Based on the results of the study found a discrepancy between the implementation of inclusion wakalah on murabaha financing at BNI Syariah Branch Kendari with a scheme provided by the bank. First, themurabaha contract which should be done after the customer as the representative of the bank buys the goods to the supplier turned out to be held in conjunction with wakalah. Second, purchasing goods over to the customer representative was not in the name but in the name of customers bank itself. Third, funding the purchase of goods that should be paid directly by the bank to the supplier turned out to be melted first by transferring to customers' accounts.In the perspective of Islamic economics, murabaha wal wakalah included in this type of merger contract are allowed, but each pillar and second terms in this contract must be fulfilled if it will be combined. However, in practice, the financing murabaha wal wakalah happened in BNI Syariah Branch Kendari has invalidated one of the pillars and the terms of the sale and purchase namely the lack of traded goods and the goods are not the full property rights berakad parties. Offers to buy this kind of forbidden because included in the category of selling goods that are not owned, sell goods that is not your own and set a profit on goods that are not yet under control. Terms in wakalah also not fulfilled because the goods to be purchased has not become the property of the bank. The bank does not have a relationship of cooperation and agreement in the purchase agreements with suppliers of goods so that the purchasing process can not be delegated to the customer. Keywords: Inclusion, wakalah, murabaha financing, and BNI Syariah Branch Kendari
Penelitian ini dilaksanakan di pasar sentral Kota Kendari, dengan obyek penelitian groceries stall yang melakukan aktivitas berdagang di pasar sentral Kota Kendari, adapun tujuan penelitian ini adalah untuk menganalisis sejauh mana penerapan prinsip bisnis islam yang dilakukan groceries stall di pasar sentral Kota Kendari dengan menggunakan sampel sebnyak 21 responden dari 38 groceries stall yang di tentukan dengan sensus dan menggunakan analisis deskriptif kualitatif dengan mengguanakan alat nalisis tabulasi silang. Data primer diperoleh melalui wawancara kepada responden dan dan data skunder dari kantor Walikota Kendari. Ruang lingkup penelitian ini adalah implementasi prisip bisnis islam ala Rasulullah. Berdasarka hasil penelitian dan analisis menunjukan bahwa rata-rata 88,12 % groceries stall di pasar sentral Kota Kendari telah menerapkan kelima prinsip bisnis Islam ala Rasulullah, yakni (1) mancapai kepuasan dan keuntungan secara halal; (2) Jujur dan transparan; (3) memperlakukan tenaga kerja sebagai mitra; (4) menghindari sistim Ribawi. Responden dengan persentase tertinggi adalah 100% yakni memperlakukan tenaga kerja sebagai mitra, sedangkan responden dengan persentase terendah adalah 80,5% jujur dan transparan dalam berniaga.
The purpose of this study is to find out how to optimize the ZIS (Zakat, Infaq and Shadaqah(alms)) fundraising through rural community activities. The research location is located inMergolangu village, Wonosobo District. This research uses an analytical descriptive approach ofqualitative and is equipped with relevant literature sources. Data analysis techniques using Milesand Huberman interactive model. The results of this study indicate that the management of ZISfundraising through community activities in Mergolangu Village is quite effective, this can happenbecause it still maintains the customs and traditions in the village that are always oriented to theharmony of citizens and local wisdom. So that the residents are still very enthusiastic in followingthe social activities in rural areas coupled with the activities of accumulating ZIS funds, althoughwith the nominal relatively not too much but because of the regular activities of the ZIS funds arealso collected a lot. The distribution system uses the principle of “from citizens, by citizens, and forcitizens” as a manifestation of the icon “gotong-royong” typical of Indonesia
As an institution that manages social funds, transparency must be met for the Amil Zakat Institution. By measuring the zakat transparency index, the Amil Zakat Institution can find out the extent of the implementation of transparency in the organisation. Information disclosure to the public is believed to increase public confidence in paying zakat at the Amil Zakat Institution. This study aims to measure the zakat transparency index of the Amil Zakat Institution in Banten Province. The Simple Additive Weighting (SAW) method is used to calculate the transparency index of zakat institutions. The Simple Additive Weighting (SAW) method is a multiple attribute retrieval method, where the weight of each predetermined dimension is multiplied by each variable weight, then added up. The results showed that the Amil Zakat Institution in Banten Province was included in the reasonably transparent category with an index of 0.706.
Penelitian ini bertujuan untuk mengetahui saluran tataniaga nilam dan untuk mengetahui bagaimana analisis saluran tataniaga nilam di Kabupaten Konawe dalam pandangan ekonomi Islam. Pada penelitian ini, responden petani diambil secara sengaja (purposive sampling), dipilih responden 15 % dari jumlah populasi sehingga jumlah petani responden adalah 20 orang petani, sedangkan responden 2 orang penyuling dan 3 orang pedagang dilakukan berdasarkan teknik bola salju (snowball sampling). Dari hasil analisis dapat disimpulkan bahwa Proses saluran tataniaga nilam terdapat 2 jenis saluran tataniaga yaitu : Pertama, Petani nilam menjual kepedagang pengumpul daun kemudian pengepul kePenyuling minyak nilam. Kedua, Petani daun nilam kering menjual langsung Penyuling minyak nilam. Berdasarkan analisis dari saluran tataniaga nilam di Kecamatan Anggaberi Kabupaten Konawe tidak bertentangan dengan hukum Islam, baik dari produksi, harga, dan distribusinya karena dalam menjual hasil nilamnya ke pedagang pengumpul daun maupun langsung ke penyuling minyak nilan tidak ada unsur paksaan atau intimidasi. Untuk menegakkan prinsip tata niaga yang berdasarkan prinsip ekonomi Islam, maka praktek riba, gharar dan maisir harus dihilangkan. Ekonomi Islam dan ekonomi kerakyatan sesungguhnya mempunyai tujuan yang sama, yaitu kesejahteraan dan keadilan dalam ekonomi bagi semua orang. Sesungguhnya dapat dikatakan ekonomi Islam adalah ekonomi kerakyatan yang berjalan di atas norma-norma dan etika berlandaskan syariah.
Displaced Commercial Risk (DCR) merupakan risiko yang dihadapi oleh bank syariah sebagai konsekuensi diterapkanya dual banking system di Indonesia. Bank syariah dituntut untuk memberikan imbal hasil yang kompetitif untuk mempertahankan deposan. Kondisi kesehatan bank yang meliputi Capital, Asset quality, Management, Earning, dan Liquidity (CAMEL) juga menjadi indikator kekuatan Market Disicipline bagi pertumbuhan deposito bank syariah. Penelitian ini bertujuan untuk menganalisis keberadaan DCR dan Market Discipline pada bank umum syariah di Indonesia periode Oktober 2014 hingga Desember 2018. Hasil penelitian dengan menggunakan metode Auto Regresive Distributed Lag (ARDL) menunjukkan keberadaan DCR pada bank umum syariah. Namun demikian hasil lainya menunjukkan lemahnya Market Discipline, dimana deposan hanya melihat kondisi likuiditas dan kualitas aset sebagai indikator dalam menempatan dananya.
This study aims to explore the marketing strategies of Banyurip urban batik entrepreneurs in Pekalongan city, with qualitative types of filed research. The collection technique uses interview, observation and documentation methods. The results of the study that batik entrepreneurs in Banyurip village had carried out marketing mix marketing strategies, they made various batik products, with cash and tempo prices, distribution by coming to the market, batik shops, shipping packages, and through Loper and resellers, market coverage from the city, outside the city to outside Java and even abroad, most of them use direct selling promotions, and utilize social media technology. Batik entrepreneurs in general as much as 75% have applied the principles of sharia marketing mix. The 25% have not perfectly implemented sharia principles with those who still use the services of interest-based financial institutions for production capital, in addition there are still entrepreneurs who dispose of batik waste water directly. The strength possessed by entrepreneurs produce batik products with various types, motivations and patterns, the weakness is capital and less competent workforce, the opportunity is to maximize technology and maintain trust, while the threat is raw materials which tend to rise but selling prices lower and more competition.
This study examined the role of student cooperatives in improving member welfare and its implications on the economic resilience of members, by taking the object of research in Student Cooperation UIN Sunan Kalijaga Yogyakarta. The purpose of this study was to analyze the role of Student Cooperative "Kopma of Sunan Kalijaga State Islamic University" in improving the welfare of Student Cooperative Members "Kopma of Sunan Kalijaga State Islamic University" and it was implications for the Economic Resilience Member. To measure the indicators of economic resilience of members of student cooperatives in Student Cooperation UIN Sunan Kalijaga Yogyakarta used some indicators that are, 1) the income of entrepreneur members of the cooperative, 2) the fulfillment of basic needs. Some things which is done by student cooperatives in order to realize the economic resilience of members, 1) increasing the welfare of members of student cooperatives and 2) fulfillment of life needs through the business developed. However, there were still obstacles caused by members.This was due to loyalty and double roles by members in following cooperative activities.
Penelitian ini bertujuan untuk mengetahui pandangan pengguna jasa angkutan ojek pangkalan dengan adanya angkutan online Go-Jek, untuk mengetahui pandangan pengguna jasa angkutan online Go-Jek dan untuk mengetahui bisnis jasa angkutan online Go-Jek dalam perspektif bisnis syariah. Jenis penelitian ini adalah penelitian kualitatif dengan mengunakan metode deskriptif analisis dengan metode pengumpalan data observasi, wawancara dan dokumentasi. Dengan menggunakan pendekatan fenomenologi dan pendekatan normatif. Hasil penelitian menunjukkan bahwa perselisihan yang terjadi antara pengemudi ojek pangkalan dengan pengemudi ojek online adalah hanya sebuah kesalahan dalam hal komunikasi dan ketidaksiapan para pengemudi ojek pangkalan dalam menghadapi era moderenisasi perkembangan teknologi. Kehadiran jasa angkutan online Go-Jek berperan penting dalam meningkatkan mobilitas masyarakat dan juga dapat mengurangi tingkat pengangguran dengan memperluas kesempatan kerja. Sedangkan dalam perspektif bisnis syariah, bisnis yang baik adalah bisnis yang dapat memberikan banyak manfaat, sehingga dalam mengikapi perselisihan tersebut, maka yang menjadi tolak ukur dalam menentukan persoalan perselihan antara pengemudi ojek online dengan pengemudi ojek pangkalan termasuk dalam perbuatan menzalimi atau melanggar etika persaingan bisnis syariah adalah dengan menggunakan aspek kemaslahatan dan kemudharatannya. Sehingga jika diukur dari aspek kemaslahatan yang diberikan perusahaan Go-Jek dan jika dibandingkan kemudharatannya yang ditimbulkan, maka kemaslahatannya atau manfaatnya masih jauh lebih banyak yang diberikan oleh perusahaan Go-Jek.
This study aims to determine the Effect of Product Quality and Religiosity on customer decisionsin choosing Islamic insurance at PT.Prudential Life Anssurance Branch of Gorontalo City, with asample size of 177 respondents using random sampling method. This study uses multiple regressionanalysis tool on primary data found that the factor of Product Quality have positive andsignificant influence to customer decision to choose sharia insurance and religiosity have positiveand significant influence to customer decision to choose sharia insurance.The result of hypothesis test simultaneously (Test F) from both independent variables withFhitung equal to 80,111 in area of Ho rejected. This means that simultaneously factor of productquality and religiosity have a positive and significant influence to the decision of customers tochoose sharia insurance in PT. Prudential Life Ansurance Branch of Gorontalo City.Determination coefficient value of both independent variables obtained results of 0.479, it meansthat the Effect of Product Quality and Religiosity on customer decisions in choosing shariainsurance in PT.Prudential Life Anssurance Branch of Gorontalo City of 47.9% and the rest of52.1% influenced by other variables Which were not included in this study. Other variables may bepresent in marketing mix such as: promotion, people, place, process, and physical evidence.
Nowadays, university is focused on how to prepare their graduated student to be anemployee, but forgetting on how to prepare them to be an entrepreneur. There are someobstacles why university students have lack of an intention to do business, starting with lackof capital, lack of skill, have no confidence, selective in choosing job, and some other factors.These problems is strengthtened by the data found that Indonesia is highly need moreentrepreneurs, where the numbers of entrepreneurs is still less than 2% from total GDP(Gross Domestic Product of a country). This study is aimed to identify the effect ofentrepreneurial education to entrepreneurial orientation of university student, the effect ofentrepreneurial orientation to entrepreneurial intention, and the direct and indirect effect ofentrepreneurial education to entrepreneurial intention. This study takes Ibn KhaldunUniversity, Islamic Economics major students as case study of respondents. This studyemploys quantitative approach with SEM (Structural Equation Modeling) methodology.The findings of this study are, entrepreneurial education has positive and significant effect toentrepreneurial orientation; entrepreneurial orientation has positive and significant effect toentrepreneurial intention; and entrepreneurial education has positive and significant effect toentrepreneurial intention indirectly through entrepreneurial orientation.
This study aims to compare Zakat and tax relations in three countries in the Southeast Asian region, where most of the population is Muslim (Indonesia, Malaysia, and Brunei Darussalam). This type of research is normative, empirical legal analysis with a comparative approach. The results showed relational and functional distinctions in Zakat and tax positions in Indonesia, Malaysia, and Brunei Darussalam. In Indonesia, paying Zakat can reduce taxable income. Meanwhile, Malaysia uses Zakat as a deduction for individual taxes, even up to 100%. Meanwhile, in Brunei Darussalam, the Zakat and tax relationship are not interrelated.
This research aims to determine the Corporate Social Responsibility (CSR) partnership program implemented by State-Owned Enterprises, BUMN, namely PT. Bukit Asam, Tbk, Tanjung Enim, South Sumatra, as a form of concern for the community of small business actors by providing business capital loan assistance. Credit extension services cannot be separated from the risks that occur, such as non-performing loans. Non-performing loans that happened in PT. Bukit Asam Tanjung Enim South Sumatra, namely small business actors as fostered partners experienced a disaster, went bankrupt and fled, or business owners died. This research method uses descriptive qualitative analysis, administrative procedures for granting credit, analysing systems for giving credit assessment, monitoring credit, calculating the level of the collectibility of non-performing loans, and analysing efforts to rescue non-performing loans. The analysis results show that in 2015 to 2017 and 2018, the category of non-performing loans dominates from other categories. In 2015, 2017,2018 and 2019, the collectability in the current category experienced an increase from 1.8%, up 8.6%, up 35.40% and up to 749.87%. The percentage of loan collectibility obtained shows the amount of non-performing loans in 2015 to 2017, 2018 and 2019 has fluctuated and tends to decrease, from 78.11% to 88.74%. Reduced to 60.45% and fell to 27.58%. This finding shows that there are efforts to improve credit performance to have no problem with credit. It is recommended to CSR managers of PT. Bukit Asam, Tbk. Agra must pay attention to the level of business turnover and the provision of collateral in anticipation of bad credit and for existing lousy credit to be rescheduled or reconditioned for loan arrears or can submit evidence of problematic receivables or write-off of accounts receivable if the conditions are not collectable.
This study is a follow-up study conducted by Zaki et al. (2014), who explored Islamic banks' ethical identity with financial performance. This study aims to identify the identity of Islamic banks in Asia against Shari'ah law and examine the relationship between EII and financial performance. The data used are financial data from 7 Islamic banks in Asia in 2016-2019. The study results show that the higher the EII value, the higher the Islamic bank supervision of sharia. Then the researcher describes the relationship between EII and financial performance as measured by using Return On Assets. The result is that there is no relationship between EII and financial performance.
This research aims to analyze the impact of Debt to Equity Ratio (DER), Exchange Value, and Index ISR in Sharia Stock Return pass of Return on Asset (ROA) in a company administered in the Jakarta Islamic Index 2013-2017 period. This sample choosing with the purposive sampling method with the total sample as 29 from 30 companies. The data used in this study is the secondary data, and data analysis used is the multiple linear regression analysis and path analysis. The research result indicates that experiment T Debt to Equity Ratio (DER) and Index ISR are not influential in Stock Return. Exchange Value and Return on Asset (ROA) significance of Stock Return. Debt to Equity Ratio (DER) and Index ISR influence Return on Asset (ROA). At the same time, Exchange Value is not influential with Return on Asset. Experiment F refers that DER, Exchange Value, and Index ISR influence Return on Asset and Stock Return. However, ROA cannot mediate the relation between DER, Exchange Value, and Index ISR in Stock Return.
This study aimaed ti analyze : (1) how much revenue the thatched roof maker of womenfarmers in increasing family incomes in Konawe, (2) how the role of women farmers in thethatched roof maker Konawe in the perspective of the Islam ekonomiy. Data collectiontechniques uses two ways : primary data through direct interviews using a questionnaire toa sample of respondents and secondary data obtained from recompilation literature andbibliography. Data collected were processed using descriptive statistical analysis and toanalyze how much the revenue from the women farmers in district Konawe use quantitativemethods of analysis.This study concluded that the results of the analysis showed revenue earned income ofwomen farmers maker thatched roof in Konawe already quite optimal amountingRp.23.248.175 or an average of Rp.1.010.790 one person women farmers in an effort to makethe thatched roof in a month the manufacturing process. The work done by women farmersmaker thatched roofs in increasing family income is a good business and in line withIslamic law becouse it is done with effort and good intentions, which is to help boost theeconomiy of the family income, while permission form her husband. So it does not conflictwith principles of Islamic economics, in fact, Islam forbids the muslims to stand by or asksas beggars, the homeless and other people while still being able to strive.
This study aims to determine: (1) the effect of venture capital , length of business , and entrepreneurial attitudes on the income of batik craftsmen partially (2) the effect of venture capital , length of business , and entrepreneurial attitudes on the income of batik craftsmen simultaneously , (3) the effect of income on the welfare of batik craftsmen , and (4) the influence of venture capital, business duration, and entrepreneurial attitude towards the income of batik craftsmen through income variables . This type of research is quantitative descriptive research. The population is batik artisans in Danau Teluk Jambi city with 74 batik craftsmen. Data were collected with a questionnaire that was tested for validity and reliability. Data analysis techniques used are multiple regression analysis and path analysis. The results showed that: (1) there was a positive and significant influence of venture capital on the income of batik craftsmen, with a significance of 0.0 00
This study will explore the impact of cybersecurity awareness and digital skills on Readiness for digital banking change. The study sample is fresh graduates in Indonesia's Islamic Banking. The study used PLS-SEM (Partial Least Squares-Structural Equation Modeling) using Smart-PLS 3.0 software. Research shows that 1) cybersecurity awareness does not impact digital banking readiness for Change. 2) digital skills have a positive and essential effect on digital banking readiness for Change. Though cybersecurity awareness does not affect Readiness for Change in digital banking, fresh Sharia Banking department graduates should have strong cybersecurity awareness and digital skills to face changes in the banking business model towards digitization due to significant technological advances acceleration during the Covid-19 pandemic. This study's implications are expected to facilitate the Islamic Banking department in Indonesia to develop its curriculum by including digital intelligence in the Merdeka Belajar curriculum.
The purpose of this resesarch was to analyze the effect of location, reveneu sharing and promotion simultaneously and partially to decision process to save in product tabungan Flexible in PT Panin Dubai Syariah Bank Jakarta. The sample used in this study were 74 respondents from the customers of PT Panin Dubai Syariah Bank. The analytical method used is multiple linear regression analysis. The data obtained is the primary data that is the result of the respondents' answers to the questionnaire were distributed. These results of this study indicate that there is influence imultaneously on location variable, revenue sharing and promotion towards decision process to save. In the test of determination, there is the influence of a variable 51,9% location, revenue sharing and promotion to the decision to save. Meanwhile 48,1 %% (100% - 51,9%) were influenced by other variables that not included in this study. The result of this research showed that the location effect partially to the decision process to save, with significant value that is 0,021 < 0,05 and t count <t table (2,364 >1,993). Revenue sharing do not effect partially to the decision process to save, with a significant value of 0,503 > 0,05 and t count < t table (0,674 < 1,993). Promotion effect partially to the decision process save, with significant value that is 0,000 <0,05 and t count > t table (4,193 > 1,993)
Penelitian ini bertujuan untuk mengetahui perbandingan tingkat efisiensi Bank Umum Syariah milik pemerintah daerah di Indonesia selama periode 2014-2018. Metode yang digunakan dalam penelitian ini adalah Data Envelopment Anaysis (DEA) dengan pendekatan intermediasi yaitu mengukur tingkat efisiensi dari masing-masing Bank Syariah dengan menggunakan metode DEA. Variabel input yang digunakan adalah jumlah simpanan,biaya tenaga kerja dan aset tetap. Sedangkan variabel output-nya adalah jumlah pembiayaan dan pendapatan operasional. Hasil penelitian DEA menunjukkan bahwa tingkat efisiensi Bank Syariah milik pemerintah daerah di Indonesia secara Overall (CRS) pada tahun 2014 sampai 2016 mencapai efisiensi yang optimum akan tetapi pada tahun 2017 dan 2018 tingkat signifikansi Bank Syariah menurun masing-masing mencapai 0,87 dan 0,93. Sementara tingkat efisiensi secara teknis (VRS) selama tahun 2014 sampai 2016 mengalami efisiensi optimum akan tetapi pada tahun 2017 mengalami penuruanan efisiensi mencapai 0,99. Adapun penyebab utama inefisiensi sebagian pada jumlah pembiayaan, biaya tenaga kerja dan Jumlah Simpanan (Tabungan).
Developing Islamic finance in Indonesia is needed to strengthen a sustainable economic structure. This issue is based on the promising potential of Islamic economic and financial development. This study examines the impact of credit risk, the spread of interest rates, and liquidity on bank profitability. The population in this study is Islamic banking companies in Indonesia during the 2014-2018 period. The sample was chosen from the purposive sampling method and obtained a sample of 50 companies from several criteria. This research uses multiple linear regression analysis with the help of SPSS version 21. This research shows that credit risk and liquidity affect bank profitability. At the same time, the spread of interest rates does not affect banks' profitability.
Abstrack This research is based on library research which focus on discussing the problem that has existed since classical times, this discussion is a discussion of the concept of usury and bank interest in the view of IbnQayyim al-Jawziyya. Contemporary cleric is a cleric who often argue controversial, especially in discourses in the form of a controversial study. In this issue of this paper deals theview of IbnQayyim about riba at the time of the Prophet Muhammad until the time of IbnQayyim life. How interpretation riba second word in the Qur'an that until now remain in debateble between the ulama interpretation and jurisprudence specially by IbnQayyim own, third riba what if the opinion in view of IbnQayyim in relate with the view evolving Bank Interest in the modern world. The results of this study is that the definition of usury and interest in the view of IbnQayyim has differed fundamental. Secondly, that the bank interest now grown not purely as said riba during Nab Muhammad. Third IbnQayyim has the opinion that one and two were associated with a more contextual understanding of the interpretation in the life of the complex at this time. Keywords: Riba, Bank,and IbnQoyyim.
This study aims to determine the perceptions of employees of the BNI Syariah BankBranch of Kendari regarding the concept of al-Ibrah, as well as to investigate theexistence of Al-Ibrah it has been implemented or not. Sharia Commercial Banks in Indonesia are growing promising in the future. Thirteen Sharia Commercial Banks have been recorded. But there is one action that is not yet familiar to do, which is doing Al-Ibrah or bleaching of receivables. BNI Syariah Branch employees still have a cross opinion about this concept. This action is actually legally guaranteed through the DSN-MUI Fatwa No. 47 / DSN-MUI / II /2005 concerning Settlement of Murabahah Receivables for Customers Who Are Not Able to Pay. Kendari Branch BNI Syariah as part of the Sharia Commercial Bank is not in a position to reject the existence of Al-Ibrah, but to avoid it from the outset the principle of caution has been applied in offering financing products through Musyarakah, Mudharabah, Murabahah, Istishna, or borrowing through Qardh
With a majority Muslim population, Indonesia has a good market share for Islamic banks. The existence of conventional banks becomes a competition to determine the strategy of Islamic bank managers. This study aimed to examine the effect of honesty and profit-sharing on trust mediation on consumer intentions. This study uses SPSS analysis and the Sobel test to see the role of mediation. Samples were taken as many as 384 respondents from the Muslim community. The analysis results obtained that religiosity significantly affects consumer trust and intentions. Profit and loss sharing significantly impacts confidence and does not affect consumer intentions. Trust can provide a significant mediating role. In terms of increasing the factors that influence consumer intentions, company managers must build consumer trust, the opportunity for a religious community to become a potential target market.
This study aims to determine how much influence spirituality in the workplace on the performance of Bank Syariah Mandiri Bank employees in the West Java Region how much influence the motivation of work on the performance of Bank Syariah Mandiri employees in the West Java Region and how much power the Spirituality at work and work motivation simultaneous performance of Bank Syariah Mandiri employees in the West Java Region. This study uses a quantitative approach with the primary data collection tool questionnaire. The sampling technique used was the purposive sampling technique. While the data analysis technique used is multiple regression analysis. The results of the study illustrate that Spirituality at work has a positive and significant influence on employee performance. Then work motivation has a positive and significant effect on employee performance. Furthermore, Spirituality at work and work motivation together have a positive and significant impact on employee performance.
This study aimed to describe forms of fundrising conducted by institutions fillantrofi in Indonesia. The study was conducted at four institutions namely DPU Daarut Tauhid, Dompet Dhuafa Republika, BAZNAS, and BAZIS of DKI Jakarta. Source of data obtained from interviews and documentation. Data was analyzed using qualitative deskripstif. The results showed that the forms of fund raising undertaken, namely: Media usedprint, electronic, internet, and media communication. In this case there are several ways, namely: Media compaign, direct mail, telefundrinsing, direct fundrising, cooperation program, special event, religious fund, zakat collectors forming units (UPZ), CSR and CSR Cooperation Program, donation ritail humanitarian fund, through bank: ATM (transfers, phone and internet banking), service zakat donations via SMS and online. Keywords: Fundrising, humanitarian, cooperationand service donation.
In this research, writer to use quantitative method that is research wish to explain influence relationship and difference between variable X1 (Zakat Earning), X2 (interest of entrepreneurship) and variable Y (People Income) at baznas in Gorontalo city. The population in this research is 250 benefic of productive zakat and the samples are 71 samples. Method of sampling by random sampling. Sources of data in this study are primary data and secondary data. Zakat productive and entrepreneurial interests simultaneously have a positive and significant effect on increasing the income of poor people in Baznas KotaGorontalo. It is obtained from the test result f that is fcount of 17,597 with significant level 0.000 and ftabel = 3,13 with significant level 0,05, and also R Square value equal to 0,341 or 34,1%. In this case means that productive and entrepreneurial zakat affect the increase in income of the poor by 34.1%, while the rest of 65.9% influenced by other variables not examined in this study
The study aims to examine students' behavior described through the theory of planned behavior (TPB) to use Islamic financial services by moderating knowledge. Primary data was used with 350 samples of a random population. Data were analyzed using Smart PLS assistance. The results of this study indicate that there is a significant influence on attitude has a positive relationship, but it does not have a significant effect on the intention to use Islamic financial services. The subjective norms and perceived behavioral control positively influence a positive relationship to use Islamic financial services. As for moderating the choice to use Islamic financial services on the personal norm variable, it has a negative direction but has a significant effect. Perceived behavioral control variable has a positive relationship and significantly impacts using Islamic financial services with the moderation of knowledge. Meanwhile, attitudes moderating knowledge do not significantly affect the intention to use Islamic financial services but have a positive direction.
Ian Marshall and Danah Zohar predicted theoretically that in the context of modern business will appear spirituality without religion as the moral basis of the business which he described as spiritual capital. But look at the phenomenon in Indonesia, sharia economic development is rapidly increasing which in fact appears based on religious values, then the theory Marshal and the Zohar indisputable. Spiritual entrepreneurship based on the Koran in Indonesia is growing; the ideas, thoughts, willingness (iradah), passion (ghirah) and determination ('azm) owned by an individual or group (community) Muslims to strive in commerce (material or services) that are based on the values of faith in God who taught the Koran. Spirituality entrepreneurship models based al-Qur'an that life (living values) is very varied, among the models discussed in this paper are (1) spirituality entrepreneurship kaafah models, (2) spirituality entrepreneurship ukhuwah models, (3) spirituality entrepreneurship tareqat models, (4) spirituality entrepreneurship models keep ablution, (5) spirituality entrepreneurship models do not sell cigarettes, (6) the spirituality of entrepreneurship model- publication that profit to charity. Key Words : Spiritual, entrepreneurship, and models of bussines.
Penelitian ini bertujuan untuk mengetahui pengaruh manfaat terhadap minat mahasiswa dalam berinvestasi di pasar modal syariah, untuk mengetahui pengaruh pengetahuan terhadap minat mahasiswa dalam berinvestasi di pasar modal syariah, Untuk mengetahui pengaruh edukasi terhadap minat mahasiswa dalam berinvestasi di pasar modal syariah. Penelitian ini menggunakan pendekatan deskriptif kuantitatif. Populasi pada Penelitian ini adalah mahasiswa Fakultas Ekonomi dan Bisnis Islam IAIN Salatiga. Sampel dari Penelitian ini adalah 96 mahasiswa Fakultas Ekonomi dan Bisnis Islam IAIN Salatiga. Teknik analisis data yang digunakan adalah regresi linear berganda melalui program SPSS 23. Teknik pengambilan sampel menggunakan slovin dan stratified proportional random sampling. Metode pengumpulan data menggunakan kuisioner. Hasil Penelitian ini menunjukkan manfaat, pengetahuan, dan edukasi secara bersama-sama berpengaruh terhadap minat berinvestasi mahasiswa Fakultas Ekonomi dan Bisnis Islam IAIN Salatiga.
This thesis research analyzes the process of restructuring on financing the problematic murābahahat PT. BNI Syariah Branch of Kendari. The results prove that the implementation of financingrestructuring murābahah in PT. BNI Syariah Kendari Branch through rescheduling (rescheduling),reconditioning (Return requirements) and restructuring (reordering). While theconstraints of restructuring implementation on Murabahah financing in PT. BNI Syariah KendariBranch is originated from the financing customer itself either from the absence of good customer'sintention to settle the troubled financing due to unwilling restructuring and unclear sources ofpayment after the restructuring. The bank overcomes these obstacles by taking precautions inanalyzing the financing customers, and considering third party installments and taking decisiveaction with the sale of the customer's collateral assets.
Islamic financing products divided into three categories; (1) financing using the principle of trading is distinguished by a form of payment and delivery time of goods. Products related to the sale and purchase agreement is financing murabaha, salam and istishna (2) financing lease using the principle is implemented in form ijaroh and ijaroh muntahiya bittamlik (3)financing using profit sharing principle is implemented in form of financing and Musharaka. Bank Indonesia Regulation No.7/2/PBI/2005 classify the credit quality assessment become current, special mention, substandard, doubtful and jammed. Financing is a product that has a high risk level, as to prevent any risk of financing can apply the standards of risk control and analyze carakter, capacity, capital, collateral, condition, sharia or analysts personalty, party, perpose, prosfect , payment, profitability, protection before realizing financing. In the event of any financing problems, the remedies can be done in the form of restructuring, settlement through a guarantee or write off. Keywords: Islamic finance, control and prevention of financial risks, efforts to resolve the financing problems.
The phenomenon occureds in Bima, one of the cities in Indonesia, today is the excessive purchase of goods with no benefit. Most of the people decide to buy thingd only to satisfy themselves. Bima people choose to purchase clothes toput them on their social media account and get recognition from others because of trends. This research is considered a new study on fashion trends that are always changing every year. The similar research is still limited. Therefore, the researchers also explain hedonic lifestyle of Bima people. This research uses a quantitative approach with 96 respondents. The contradiction coefficient results show a strong relationship between fashion trend and hedonic lifestyle and purchase decisions. Hedonist lifestyle partially effect the purchase decision, while the fashion trend has a positive and significant effect on the purchase decision
This paper tries to offer business development model Pondok Modern DarussalamGontor Ponorogo Indonesia. Pondok Modern Darussalam Gontor success in managing30 business units formed its own characteristic. As for the characteristics of thebusiness unit management Pondok Modern Darussalam Gontor is: Planning based onthe value of cottage; Organizing based on regeneration; Transformative collectiveleadership; and Total Quality Control. In the implementation process, the characteristics of the management of the general shape characteristics, namely:Implementation Business Unit Based Learning By Doing; Implementation of SelfBerdruing System; Centralized Financial centralization; as well as the creation ofbalance and Baatinites lahiriyah Welfare.
Despite the growing number of studies that underlie the influence between perceived overqualification (POQ) and counterproductive behaviour (PKP), there is still a gap in the lack of research involving the role of affective mechanisms on the effect of POQ on PKP. In this study, researchers focused on the mediating role of job boredom (KTP) in the pathway of influence of POQ on PKP. Using a sample of 106 employees and lecturers at Islamic universities in Indonesia and using the integration of the theory of person-job fit, the researchers found that KTP fully mediates the effect of POQ on PKP.
This study aims to examine customer decisions in investing in BMT. The theory used to predict customer decisions in investing is the theory of reasoned action. The research method used is quantitative research with data analysis techniques Structural Equation Modeling (SEM). The results showed that the sharia system, product knowledge, religiosity, attitudes, risk perception, image, and investment intentions affected investment decisions.
Understanding of micro, small and medium enterprises is based on indicators (1) the amount ofwealth such as cash, supplies, land, machinery for production (2) the amount of investment that isconsidered as working capital (3) total sales in a year (4) total number of employees.Micro Business Financing BRI Syariah is a business financing product intended for middle classpeople who have micro, small and medium enterprises to meet the needs/capital increase. in an effortto increase Micro, Small and Medium Enterprises in Kendari City, BRI Syariah has three financingproducts for Micro, Small and Medium Enterprises; (1) Micro 25iB; is a product without collateralfinancing, the ceiling of Rp. 5juta to Rp. 25juta (2) Micro 75iB; is a financing product with collateral,the ceiling of Rp. 10juta to Rp. 75M (3) Micro 500iB; is a financing product with collateral, theceiling of Rp. > 75juta to Rp. 500million.