The First Android Based Sharia Fintech Innovation In Indonesia To Increase Inclusive and Literate on Society’s Finance

Technology has become the part of today’s people life. Then, it is actually close to the application of it. Absolutely, it has example; such as the electricity for having more sophisticated in financial technology (Fin-Tech). The simplicity and speed of this technology have led people to adopt it in everyday’s life. One of the innovations in developing business and the economy, especially in the banking sector, is currently to develop Fintech (Financial Technology) which is able to facilitate all types of buying and selling transactions, investments and fundraising. Next, the purpose of this study is to explain and provide an understanding of the technical, procedures and benefits of the application, it is called Sharia FinTech. Then, it is also to contribute to the literature on the capacity of the latest technological and non-technological innovations. The research method used is descriptive research method with a qualitative approach. It is to describe and explore the phenomena in the form of engineering human innovation in the financial technology industry. It is done by taking into account the characteristics, quality, and interrelationships between activities It has several aspects; they are: conducting the observation, having an interview session, creating the documentation, and the last one is doing the Literature review. The result of this study is to increase the knowledge, skills and confidence of the community in managing personal finances to be better and to provide access to be having convenient and accountable financial services. Afterwards, this study linits on explaining and providing an understanding of the technical, procedure and benefits of Sharia Fintech for all people in need. Thence, the limitation of the research only discusses the role of Islamic Fintech in increasing the public financial inclusion and literacy. As for the the next researchers, they can be even wider by adding the collaboration of fintech and the banking world. The novelty of this research is the use of the android application as a digital platform in financial inclusion and literacy.

The Effect of Islamic Financial Literacy and Financial Inclusion toward Financial Planning among Millennial: Financial Behaviour as an Intervening Variable

Islamic financial literacy and financial inclusion are important for improving the living condition of people. Combination of Islamic financial literacy understanding and high financial inclusion index will affect the behavioral ability of people in making financial planning. In Indonesia, Islamic financial literacy and inclusion are still low, not only for youngsters but also among adults. Even though good knowledge and access to Islamic finance will help millennials to be able to identify financial products and services as their financial planning. The aim of this study is to describe the influence of Islamic financial literacy and financial inclusion on financial planning by using financial behaviour as a intervening variable. This study is descriptive quantitative research. 96 respondents are involved in the study directly through a survey method. This study used 2 (two) stages of analysis. The first stage is to find the level of respondent Islamic financial literacy. The last stage is path analysis to determine the influence of each variable. Analysis results have shown that Islamic financial literacy has no direct impact on financial planning. However, Islamic financial literacy and financial inclusion have a significant impact on financial behaviour. Furthermore, the financial behaviour has mediated the relationship between Islamic financial literacy and financial inclusion with financial planning. It shows this affects toward financial planning is 26,4%.

Optimizing Tabarru' Funds in Sharia Insurance by Digital Donation-Based Crowdfunding

The COVID-19 pandemic had transformed people's lifestyles in various aspects, among which is the priority shift where health is the main priority in addition to basic needs. In addition, the mobility restrictions during the pandemic have made society adapts to digitalized activities. The phenomenon of increasing donations is also a new occurrence in the era of the COVID-19 pandemic, which shall be acknowledged as the digitized version of Indonesian tradition of mutual cooperation (gotong royong) to help each other to ease the burden on people affected by COVID-19. This phenomenon is similar to the concept of tabarru’’ funds in sharia insurance which uses the mutual assistance (ta'awun) principle among insurance participants. Due to the increase of public awareness of health and high solidarity in the midst of this pandemic, Islamic insurance can find opportunities to increase the number of Tabarru’' Funds participation, with a touch of digital innovation for wider reach in the society. This research aims to develop the management of sharia insurance combined with donation-based crowdfunding management to apply in optimizing tabarru’’ funds. This research was conducted using qualitative descriptive methods, to explore the qualitative datas in several phenomenon of sharia insurance and crowdfunding, and generate a description of the relationship between these phenomena. The results of this study explain that the crowdfunding management can be applied in management of tabarru' funds in Shria insurance, including the following (1) Prospective donors and prospective respondent are both can registered as insurance participants; (2) Donations paid by donors as insurance installment are collected in tabarru’ funds; (3) Every donors and respondents has the same rights over the donation funds; (4) Sharia insurance management applies the principle of crowdfunding transparency through the public financial statements of donation funds or tabarru’ funds, and the report of donor respondent’s progress.

Sukuk Performance Using Comparison of Return and Risk Through Calculation of Market Price and Fair Price

Sukuk investors’ important information used by investors of Sukuk (proof or claim of ownership on assets) is the market price of the Sukuk issued by the IDX and the fair price of the Sukuk issued by the Indonesian Securities Price Appraiser (PHEI). This is a signal or initial information for investors in considering the decision to invest in Sukuk. The measured performance returns as measured by Holding Period Yield (HPY), Yield To Maturity (YTM), and Sharpe Index, while Risk of Sukuk is measured based on its standard deviation. Corporate Sukuk are classified into financial and non-financial sectors and have short, medium, and long maturities. Comparative analysis is conducted using an Independent Sample t-test and ANOVA. The results showed that the average Sukuk return was calculated at a higher market price than the fair price. Sukuk return results in a pattern of movement that tends to be inversely proportional to the market price or fair price of the Sukuk, while the risk of Sukuk based on price issuing institutions had a movement pattern that tends to be in the same direction as the price. Furthermore, corporate Sukuk in the non-financial sector had a higher average return but was more susceptible to risk than the financial sector. Corporate Sukuk with long maturities had a higher average yield and risk exposure than medium and short-term Sukuk. Hypothesis testing showed a significant difference between the market price and the fair price of corporate Sukuk.

The Practice of 'Aisyiyah Women's Community in Communicating during the Covid 19 Pandemic

The values ??of religiosity color the awareness that essentially men and women are equal before God. Because of this, Aisyiyah pioneered the women's movement in all fields, and did not hesitate to cooperate with men. Men and women are given the same potential intellectually, morally and spiritually. Every organization has its own cultural style. This paper is based on the perspective of community practice and stakeholder relations. The research method uses a qualitative method with a case study approach, because it examines the natural environment comprehensively in a single case in the Aisyiyah Women's Organization in Bandung City as one of the pioneer organizations in social movements and women's ruhuddin in Indonesia. Data collection techniques: (1) interviewing the Head of Aisyiyah Regional Leadership (PDA) Bandung City; (2) Focus Group Discussion (FGD) with the management of the Bandung City Economic Council PDA; and (3) distributing questionnaires to representatives of Aisyiyah Branch Managers throughout the city of Bandung. The data analysis was carried out using an interactive model and multiple triangulation for the validity of the data. The results of the study show that the various programs of 'Aisyiyah can continue to run with most of them using information technology tools. Meetings are limited to a few participants, so that organizational meetings attended by thousands of participants can still be held virtually. The group communication facility in WhatsApp groups has become an additional means for organizational consolidation. Meetings as official organizational communication can still be held using the zoom meeting application. Therefore, physical movement restrictions during this pandemic, there are almost no significant obstacles for the Aisyiyah Organization to continue implementing the program.

Influence of Covid-19 Pandemic on the Economy of Tokumbo Vehicles Trade in Borno State: Implications for Counselling

The study was an opinion survey that investigated the influence of covid-19 pandemic on the economy of Tokumbo vehicles trade in Borno State, Nigeria. Population of the study comprised of all fairly used secondhand car dealers in the State. However, 150 Tokumbo car dealers constituted the sample. Purposive and stratified random sampling techniques were used in selecting sample. Researchers designed 18 items Structured Interview Schedule (SIS) tagged “Car Dealers Interview Schedule (CDIS)” and Focus Group Discussion (FGD) were the instruments used to elicit data for the study. The CDIS was divided into two parts (A & B). Part A collected information on demographic characteristics of the respondents while Part B elicited data on sources of capital for the Tokumbo dealers, brand of Tokumbo vehicles and the influence of covid-19 pandemic on Tokumbo trade in Borno State, Nigeria. The CDIS was validated by three experts in the field of Business Administration of the University of Maiduguri, Borno State and a coefficient of 0.74 was obtained using Cronbach alpha reliability method for the internal consistency which was considered relevant and adequate for the study. Descriptive statistics of frequency counts, percentage and bar graph were used in analyzing data collected for the study. Three objectives and three research questions piloted the study. Results of the study revealed loan and personal savings as some of the sources of capital for dealers in Tokumbo vehicles in Borno State. Toyota, Volkswagen, Honda, Mercedes Benz and Peugeot were some of the brands of Tokumbo cars in the study area while rent, loan repayment and gross reduction in sales were some of the effects of covid-19 pandemic on the trade in Tokumbo vehicles in Borno State, Nigeria. Based on the findings, implications for counselling, conclusions and recommendations were made.