Papers by rahmatina kasri
Internet Research, 2018
Purpose Researchers have called for the synthesis of divergent perspectives and the development o... more Purpose Researchers have called for the synthesis of divergent perspectives and the development of a theoretical model that examines individuals’ donation behavior in charitable crowdfunding. To fill this research gap, the purpose of this paper is to synthesize the literature pertaining to the determinants of donation behavior in charitable crowdfunding. Then, drawing on the stimulus-organism-response framework, the authors develop and test a model that explains individuals’ intention to donate to charitable crowdfunding. Design/methodology/approach This paper follows a quantitative research approach. An online survey was distributed to collect data from individuals who had experienced charitable crowdfunding. In total, 205 valid responses were received and analyzed. Findings First, this study finds that individuals’ empathy and the perceived credibility of a charitable crowdfunding project are key determinants for their intention to donate in charitable crowdfunding. Second, the st...
Journal of Islamic Monetary Economics and Finance, May 31, 2023
In this paper, we extend the Unified Theory of Acceptance and Use of Technology (UTAUT) model to ... more In this paper, we extend the Unified Theory of Acceptance and Use of Technology (UTAUT) model to examine factors that shape the intention of Muslims in Indonesia to pay zakat online. In the analysis, we include performance expectancy, effort expectancy, social influence, facilitating conditions, trust in zakat institutions, zakat literacy and Islamic religiosity as potential factors. The study employs primary data gathered from 734 respondents and uses the Structural Equation Modeling (SEM) method for data analysis. The main result shows that facilitating conditions, performance expectancy, trust in zakat institutions, social influence, and zakat literacy influence the intention to pay zakat online. However, effort expectancy and Islamic religiosity turn out to be insignificant determinants of the intention to pay online zakat. The findings suggest that zakat stakeholders must enhance trust and intensify education about zakat. Zakat organizations must also improve the quality of the online zakat system, highlight the benefits of zakat online, and optimize the use of social media to increase zakat collection through digital channels.
Journal of Islamic Marketing, Mar 25, 2021
PurposeThis study aims to determine the role of knowledge, trust and religiosity in influencing t... more PurposeThis study aims to determine the role of knowledge, trust and religiosity in influencing the intention to donate cash waqf online among Muslim millennials in Indonesia.Design/methodology/approachUsing a framework based on the theory of planned behavior, primary data was collected from 418 Muslim millennials who domiciled in large cities in Indonesia and subsequently analyzed using the structural equation modeling method.FindingsThe main findings suggest that knowledge, trust and religiosity play a positive role in explaining the intention to donate cash waqf online among Indonesia’s millennials. Religiosity is found to be the most powerful factor in influencing attitude, while knowledge is the least significant factor influencing the attitude, which subsequently influences the intention to engage in online cash waqf. Social norms and perceived behavioral control are also positively influencing such intention.Practical implicationsThese results imply that it is important for waqf institutions to reflect strong Islamic values in their cash waqf products and to more strongly communicate religious messages about the benefits of giving cash waqf to the millennials. It is also crucial to increase waqf literacy through appropriate campaigns. Moreover, they need to be more transparent and accountable to establish, maintain and enhance trust in their organizations. Overall, these findings are expected to provide insights enabling waqf institutions to devise effective marketing strategies for raising the level of online cash waqf donation in Indonesia.Originality/valueThis is thought to be one of the first studies to investigate the factors influencing online cash waqf donations among Muslim millennials in Indonesia.
Pertanika journal of social science and humanities, Mar 19, 2020
As an interest-free banking system shows tremendous growth in many countries nowadays, the questi... more As an interest-free banking system shows tremendous growth in many countries nowadays, the question of how Islamic banks contribute to monetary policy transmission is increasingly important for policymakers. This study aims to investigate and compare the role of Islamic banks in transmitting monetary policy to the real economy in Indonesia and Malaysia, two countries with established dual banking systems and a growing number of Islamic banks. To achieve its objective, the study relied on Impulse Response Functions and Variance Decomposition Analysis, based on Vector Autoregressive (VAR) methodology. The model consisted of four variables (Islamic banks’ deposits, Islamic banks’ financing, overnight interest rates, and economic output), while the monthly data used cover the period between January 2007 and December 2016. The principal conclusion is that deposits and financing of Islamic banks play an important although a modest role in transmitting monetary policy to the economies of Indonesia and Malaysia. A plausible explanation of this result is the relatively low market share of Islamic banks in both countries. Additionally, the lower significance of Islamic financing in Malaysia, compared to Indonesia, is due to Malaysia’s smaller proportion of profit-loss sharing (PLS) financing. As a result, PLS financing has a smaller impact on Malaysian economic growth. The results suggest that to enhance their economic impact, Islamic banks need to increase their PLS-based financing. This study overall findings contribute to policy information about how Islamic banks can contribute to achieving both economic and monetary policy goals in Indonesia and Malaysia.
Business and Economic Research, 2017
Journal of Islamic Accounting and Business Research, Jun 15, 2022
Purpose The increasing number of papers on zakah shows that it has become an important research t... more Purpose The increasing number of papers on zakah shows that it has become an important research topic. However, few studies attempt to analyze the evolution of zakah studies which might be helpful as guidance for policymakers in creating zakah management systems and policies, for zakah management organizations administering zakah funds, for future research on related subjects and for academic actors to construct a zakah study curriculum. This study aims to conduct a bibliometric analysis of the evolution of zakah theme publications from 1964 to 2021. Design/methodology/approach This study uses bibliometric analysis to analyze the evolution of zakah research. This study compared all Scopus-indexed journal papers to Zakah publications regarding research flow, themes, abstracts and titles. The relationships between researchers, the titles of the papers and keywords associated with “zakah” are analyzed in these publications published between 1964 and 2021. A total of 632 scientific contributions were discovered using RStudio and VOSviewer to analyze the bibliometric metadata. Findings Based on the results, the theme of zakah has evolved from 1964 to 2021. The author emphasizes the zakah publication theme. Each affiliation and country have its conditions, management method, data sources and characteristics. The theme “zakah institutions and zakah collecting” grew in popularity between 2010 and 2021 and is projected to grow in the following years. Malaysia, Indonesia and Pakistan can be used as zakah development research models. In spans of zakah publications, the author with the most global citations is Wahab N.A., and the author with the most productive is Saad Raj. Research limitations/implications Zakah publications are analyzed using the Scopus database. This study applied only Scopus index data, excluding non-Scopus, and most studies conducted in non-English languages. This conclusion indicates the issue’s importance among academic researchers and practitioners, notably on the subject of zakah. Thus, a comprehensive picture of zakah theme publications assists researchers and zakah fund institutions in making assessments, focusing on the unstudied fraction of the zakah theme. Practical implications This research is planned to serve as a reference for future research, particularly examining the theme’s novelty. It is intended to have implications for policymakers, particularly zakah institutions, regarding funding the several zakah research issues and concentrations. Social implications This research can guide future researchers and is expected to include parameters such as author, year and data source while analyzing zakah publications to generate new findings. Originality/value This is probably one of few comprehensive studies that examined the evolution of the zakah theme using the Scopus-indexed database. The relevance of this paper is to provide suggestions and projections for future zakah research. Scholars should examine zakah publications by author, year and data source to gain fresh insights. Search for data sources with high-impact factors and objective metrics, then clear out irrelevant documents to improve the analysis’ quality and findings.
DOAJ (DOAJ: Directory of Open Access Journals), Sep 1, 2011
This paper analyzes the main sources of economic growth in Indonesia with emphasizes on education... more This paper analyzes the main sources of economic growth in Indonesia with emphasizes on education role in fostering the growth during the New Order Government. To arrive at conclusive results, it employs rigorous econometric techniques and Error Correction Models that consider structural adjustments in the economy. The study finds that physical capital and secondary education, particularly through the Universal Secondary Education Program, give the highest contribution to economic growth. It is also suggested that the negative effect of primary education on the long-run growth is mainly due to oversupply and excess-demand for the graduates following the structural changes in the economy.
Journal of Economic Cooperation and Development, Jun 1, 2015
(ProQuest: ... denotes formulae omitted.)This paper investigates the determinants of private invo... more (ProQuest: ... denotes formulae omitted.)This paper investigates the determinants of private involvement in public infrastructure provision in Muslim developing countries. The issue is considered important due to the persistent gap between the demand for and supply of public infrastructure in most of the Muslim developing countries. In this regard, an important infrastructure provision scheme increasingly utilised by the developing nations is Public-Private Partnership (PPP). Nevertheless, the policy outcomes of this scheme are diverse. Hence, when such schemes are implemented in those countries, improvements in public infrastructure and higher achievements in development expected from the policy seem to be limited.Based on that perspective, this study employs advanced panel estimators to develop a cross-country analysis of private finance determinants in 48 Muslim developing countries for the period 2002-2011. The findings suggest that market conditions, institutional qualities and country risks are the most crucial factors determining the private involvement in infrastructure financing in the Muslim countries. It is hoped that the findings will encourage policy-makers in these countries to prioritise this agenda in their efforts to attract private investment in public infrastructure, which in turn will contribute to higher economic growth and better development in the Muslim region.1.IntroductionIt is generally known that a well-functioning and efficient infrastructure is instrumental in economic growth and development. It supports a more efficient production process, attracts more businesses and increases living standards. It also strengthens economic integration and facilitates trade as it eases the access to goods and services. Furthermore, infrastructure projects can create a demand for skilled labour, potentially reducing the unemployment problem and benefiting the economy in the long term (SESRIC, 2013a). As such, in a wider perspective, many studies such as those by Aschauer (1989), Munnell (1990), Prud'homme (1993), Canning and Fay (1993), and Easterley and Rebelo (1993) suggest that there is a link between the provision of public infrastructure and economic growth and development.The key roles of public infrastructure availability in supporting economic growth, distributing wealth and reducing poverty have been among the main reasons why governments of developing countries, including Muslim countries, have strongly prioritised infrastructure development in their agendas. Several efforts have been made by a number of Muslim countries to accelerate infrastructure provision, particularly roads, railways, ports, power generation and water treatment. Unfortunately, many of these countries are constrained by a lack of government resources (limited budgets), inefficient state-owned enterprises, unskilled labour and low level of technology. Therefore, they are unable to expand the development of public infrastructure facilities to the level required to increase the quality standards of life (SESRIC, 2013 a).As limited budget capacity is believed to be the main constraint on public infrastructure provisions, an alternative form of financing to conventional public funding is considered an important remedy for the problem. In recent years, private financing has been regarded as a potential alternative for developing public infrastructure. In addition to providing supplementary sources of funding, it is seen as having more advantages than public financing, particularly in terms of improving projects' value-for-money, shortening delivery times and reducing projects' costs (Yescombe, 2007). This sort of arrangement has been applied in many parts of the world in different guises. The most common type is usually called Public-Private Partnership (PPP), while in some Commonwealth countries such as the UK and Malaysia it is well known as Private Finance Initiative (PFI). In other countries, the arrangement is often called Private Participation in Infrastructure (PPI), Private Sector Participation (PSP), Privately-Financed Projects (PFP), P3, or P-P Partnership (Yescombe, 2007). …
ETIKONOMI
This study evaluates the determinants and impacts of trust toward awqf institutions. We extend pr... more This study evaluates the determinants and impacts of trust toward awqf institutions. We extend previous studies by examining the determining role of religiosity and knowledge on trust towards awqf institutions, in addition to the role of reputation and integrity. Our study differs from the previous studies as we incorporate the intergenerational analysis of 658 experienced and inexperienced Indonesian waqf donors by employing the PLS-SEM method. Our findings suggest that religiosity and knowledge significantly influence trust toward awqf institutions. However, the impact differs across generations X, Y, and Z. While the direct impacts of religiosity and knowledge on the intention to do cash waqf are insignificant for certain generations, the variables significantly impact the intention of all generations when moderated by the trust. Therefore, our primary implication is for awqf institutions to know their customers better and offer more trust-enhancing programs for the inexperienced...
Jurnal Ekonomi & Keuangan Islam
Purpose – Islamic finance is becoming increasingly important both globally and in Indonesia. Howe... more Purpose – Islamic finance is becoming increasingly important both globally and in Indonesia. However, studies on the relationship between Islamic finance and Indonesia’s economy are scant. Therefore, this study aims to analyse the short-term and long-term relationship between Islamic finance and Indonesia’s economy. Methodology – This study uses monthly data for the period 2011–2020 which are estimated using the Vector Error Correction Model (VECM). The dependent variable is Indonesia’s Growth Domestic Product (GDP), while the independent variables are macroeconomic variables (gross fixed capital formation, trade openness and inflation), Islamic finance (Islamic banking, capital market and Sukuk) and a Covid-19 dummy variable.Findings – The study found a one-way causal relationship between Islamic finance and Indonesia’s economy. In the short term, Sukuk (Islamic bonds) has a significant effect on Indonesia’s GDP. While in the long term, Islamic banks and Islamic mutual funds are ...
JEJAK, 2021
Despite the potential governmental agenda towards cash waqf, this area has been givessn limited a... more Despite the potential governmental agenda towards cash waqf, this area has been givessn limited attention in academic literature with special regards to the supply side. Therefore, this study aims to investigate the factors influencing the public intention in endowing cash waqf by utilizing an extended theory of planned behaviors (TPB); in which religiosity, knowledge, and trust variables are added. Primary data from 685 respondents in Indonesia are analyzed using structural equation modeling (SEM). The result showed that the intention to endow cash waqf is positively affected by all of the TPB variables (attitude, subjective norms, and perceived behavioral control) and other extended variables. The findings suggest an optimization in waqf fund collection and waqf fund management. For waqf collection, it is important to improve public literacy and the quality and quantity of supporting facilities and systems. Meanwhile, institutional management should be strengthened for waqf manag...
Jurnal Al-Muzaraah'ah, Mar 3, 2022
Although Indonesia is the largest Muslim country in the world, the level of Islamic financial lit... more Although Indonesia is the largest Muslim country in the world, the level of Islamic financial literacy in Indonesia is still very low. The Islamic financial literacy index in Indonesia is at 8.93%, much lower than the conventional financial literacy index which reached 37.72% in 2019. Therefore, this study aims to analyze the determinants of Islamic financial literacy in Indonesia amongst university students which is a group prioritized by government policies in improving Islamic financial literacy. To achieve this goal, this study develops a multidimensional Islamic financial literacy instrument that includes aspects of knowledge, attitudes and behavior and measures the multidimensional Islamic financial literacy amongst university students. The study collected primary data from 439 students from University of Indonesia and analyzed them using logistic regression method with Islamic financial literacy scores as the dependent variable and socio-demographic factors as the independent variables. The results of this study found that the majority of students (50.1%) had moderate levels of Islamic financial literacy, while 43.5% and 6.4% had high and low levels of Islamic financial literacy respectively. In addition, this study found a positive influence on the field of study, income, and Islamic bank account ownership on the level of Islamic financial literacy. In particular, students who come from the faculty of economics and business, have higher incomes, and have Islamic bank accounts tend to have higher Islamic financial literacy than other students. Based on these findings, relevant stakeholders in Indonesia are expected to continue improving Islamic financial literacy through various strategies and massive educational programs, especially for the groups which have low and moderate Islamic financial literacy. The results of this study are also expected to enrich the literature on Islamic financial literacy in Muslim countries.
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Papers by rahmatina kasri