This study aims to analyze cointegration relation between Fintech industry and digital financial inclusion in 34 provinces of Indonesia. Using the Binary Logistic Model, Panel Cointegration Test, and Panel Regression Model methods, this study concludes that there is a long-term relationship between fintech transactions and digital financial inclusion. it means economic development of an inclusice society in 34 provinces in Indonesia can be fufilled through fintech and digital inclusion. To analyze the relationship between variables we use Digital financial services, the number of accounts in digital financial services, conventional and sharia Rural Bank loan transactions as independent variables. Meanwhile, Fintech loan transactions as the dependent variable. To anticipate unobserved heterogeneity, dummy variables for pandemic conditions, inflation rate and economic growth were used as control variables.
This research aims to measure Indonesia's Islamic Human Development Index (IHDI) and analyze the effect of domestic investment, foreign direct investment, and government expenditure on Indonesia's IHDI. IHDI is measured by calculating five indicators which are derivatives of maqashid sharia, namely the religion index, life index, family index, science index, and wealth index. Meanwhile, the analytical tool used to determine the effect of domestic investment, foreign direct investment, and government expenditure on IHDI is panel data regression. Observations were made in 34 provinces in Indonesia from 2015 to 2019. IHDI calculations show that Special DI Yogyakarta, North Kalimantan, Riau Islands, East Kalimantan, and DKI Jakarta are the top five provinces with the highest IHDI. Meanwhile, North Sumatra, Papua, East Java, South Sumatra, and East Nusa Tenggara are the five provinces with the lowest IHDI. The regression analysis results show that the IHDI in Indonesia is positively influenced by domestic investment and government expenditure, while foreign direct investment does not affect the IHDI in Indonesia.
This paper's purpose is to explore the role financial technology (FinTech) plays in the effective finance mobilization and management in Mosques in Uganda. This paper looks into the concept of FinTech, its evolution, operation in Uganda and goes further to propose an effective framework through which it can contribution to the effective Mosque funds mobilization and management in Uganda. Financial technology, also known as FinTech, is sub-domain of information technology that is often used to underscore new technological systems that automate, speed up and effectively deliver transactions and financial information through specialized software and hardware built for specific purposes. This qualitative research aims to propose an effective FinTech-backed framework through which mosques can achieve higher funds (Zakat, Sadaqa etc.) collection margins as compared to the traditional methods.
This paper analyses the function of arbitration at Patani Muslim Religious Committee Council (PMRCC) and offers mediation mechanisms as an alternative way of solving the matrimonial disputes among the Muslims in the Malay-Muslims majority areas. Conceptually, dispute resolution is being recognized as an effective way in the field of adjudication in Islamic law. Although there have been attempts to implement dispute resolution mechanisms in the Muslim Religious Committee Councils (MRCCs), no attempt so far has been made to upgrade them. To a large extent, dispute resolution has been implemented gradually since the beginning of the establishment of the councils. This paper intends to investigate the current trend and the future direction for the implementation of dispute resolution in PMRCC by exploring the available alternatives to the continued pursuit of the process of dispute resolution in PMRCC while at the same time strengthening the existing structures. Finally, the author will provide some suggestions as to how dispute resolution in PMRCC might operate. The author will also highlight the strength and weaknesses of arbitration under Thai civil law with a view toward a better legal provision for arbitration.
This article gives a thorough investigation into the mosque-based cooperative business model, its guiding principles, and its possible effects on community small and medium-sized companies (SMEs). Mosques have historically played an important role in community development and social cohesion as well as serving as religious organizations. In recent years, an increasing number of mosques throughout the world have embraced the idea of cooperative economy, combining their resources and energies to assist neighborhood businesses and promote economic development. The study obtained data from qualitative interviews with mosque administrators, SME owners, and community members. The study looks into the tenets of cooperatives founded on mosques, including mutual help, shared ownership, moral business conduct, and community empowerment. It also looks at the practical facets of these cooperatives, such as membership arrangements, governance forms, funding schemes, and methods for working with nearby SMEs. The results of this study add to the body of knowledge on community-driven projects and alternative economic models. It clarifies the mosque-based cooperative model as a potentially effective strategy for promoting entrepreneurship, economic growth, and social cohesion at the local level. For policymakers, community leaders, and practitioners interested in advancing inclusive and sustainable economic systems, the research also underscores the difficulties and opportunities related to putting into practice and maintaining such cooperative ventures.
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