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on Islamic Finance |
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Issue of 2019‒12‒09
three papers chosen by |
| By: | Ascarya; Diana Yumanita (Bank Indonesia) |
| Abstract: | Zakat is not only one of the pillars of Islam, but also one of the pillars of Islamic economic and finance, as part of Islamic social economic and finance, which significantly contributes to poverty alleviation, holistic financial incclusion and integrated commercial and social economic and finance towards equtable distribution of income and wealth. Zakat in indonesia has a great potentials up to 3.4% of GDP, or Rp4620 trillion in 2017. However, the real zakat collection recorded in 2017 has only reached Rp6.2 trillion. This study aims to investigate the root causes of this low zakat collection in Indonsia and propose alternative solutions using Delphi-ANP methods. The results show that The main ‘System’ problems are: 1) Regulation; 2) Strategic-S; 3) Dualism; and 4) Traditional Amil, while its main solutions are: 1) Strategic-S; 2) Regulation; 3) Dualism; and 4) Decentralization. The main ‘External’ problems are: 1) Government; 2) Strategic-E; 3) Society; and 4) Muzakki, while its main solutions are: 1) Strategic-E; 2) Government; 3) Society; and 4) Muzakki. The main ‘Internal’ problems are: 1) Management & Governance; 2) Strategic-I; 3) HR; and 4) Communication & Socialization, while its main solutions are: 1) HR; 2) Strategic-I; 3) Management & Governance; and 4) Communication & Socialization. Each cluster of problem and solution has several detailed elements to be considered. The solution to the problem of low zakat collection in Indonesia can be started from clusters Strategic-S (System), Strategic-E (External), Regulation (System), HR (Internal) and Government (External), followed by Strategic-I (Internal), Management & Governance (Internal), Community (External) and Communication & Socialization (Internal). |
| Keywords: | Zakat, Zakat collection, Zakat in Indonesia, Zakat collection in Indonesia |
| JEL: | N4 N6 R21 |
| Date: | 2018–11 |
| URL: | http://d.repec.org/n?u=RePEc:idn:wpaper:wp92018&r=all |
| By: | Jufrizen, Jufrizen |
| Abstract: | The present study seeks to provide an empirical elaboration on the effects of organizational culture and Islamic work ethic on permanent lecturers’ job satisfaction, organizational commitment and work performance (a survey at private Islamic Universities in the City of Medan). The population in the present study are all permanent lecturers at Private Universities under Yayasan Islam (an Islamic Organization) totalling 485 lecturers with respective functional titles of Instructor, Assistant Professor, Associate Professor. Slovin’s formula was adopted in order to determine the number of samples and it generated a total of 219 people. The findings of the study indicated that organizational culture and Islamic work ethic directly impacts on permanent lecturers’ job satisfaction, organizational commitment among lecturers and their performance, job satisfaction has an effect on organizational commitment among lecturers , job satisfaction has an effect on lecturers’ performance, organizational commitment among lecturers has an effect on lecturers’ performance, organizational commitment among lecturers together with Islamic work ethic have effects on organizational commitment among lecturers through lecturers’ job satisfaction , organizational commitment among lecturers and Islamic work ethic have positive and significant effects on lecturers’ performance through lecturer’s job satisfaction, organizational culture and Islamic work ethic have positive and significant effects on lecturerss performance through organizational commitment among lecturers and job satisfaction has a positive and significant effect on lecturers’ performance through organizational commitment among lecturers. |
| Date: | 2018–07–09 |
| URL: | http://d.repec.org/n?u=RePEc:osf:inarxi:mq2xz&r=all |
| By: | Theodore Kouts |
| Abstract: | Illicit financial flows (IFFs) in West Africa have long contributed to the region’s instability, partly due to their links to regional terrorist organisations such as Al Qaeda in the Islamic Maghreb (AQIM). AQIM has directly and indirectly participated in and perpetuated illicit financial flows in the region not only through violent means but also through diverse links with the local economy and society. AQIM and its regional affiliates have a profound influence on the political economy of the Sahel and the Maghreb, as well as greater West Africa, and it is important to understand the role played by AQIM in IFFs and the means by which this drives regional instability. This case study examines the political-economic context and the nature and scope of the mechanisms through which AQIM (and its affiliates) operate, with particular emphasis given to their interaction with the local economy and any resulting IFFs. |
| Keywords: | AQIM, development, financial exclusion, illicit financial flows (IFFs), illicit trade, kidnap for ransom, Mali, poverty, smuggling, terrorist financing, trafficking, West Africa |
| JEL: | D73 K42 O17 O55 Q01 |
| Date: | 2019–12–03 |
| URL: | http://d.repec.org/n?u=RePEc:oec:dcdaaa:63-en&r=all |