Browsing by Author "Hamidi, M. Luthfi"

Now showing 1 - 6 of 6
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    Evaluating the impact of islamic banking sustainability practices on financial performance
    (Universitas Islam Internasional Indonesia, 2024) Basalma, Ebrahim Omar Obaid; Hamidi, M. Luthfi; Aimatul Yumna
    This research aims to examine the sustainability practices of Islamic banking, their alignment with SDGs, and their effects on financial performance in GCC, Malaysian, and Indonesian contexts where these three markets occupy an important place in the Islamic finance business. Based on stakeholder engagement, legitimacy, good management, and beyond triple bottom line theories, the study uses a qualitative approach both through focused content analyses of firms’ financial & sustainability reports to develop and measure ICSP disclosure. For a quantitative approach the use of regression analysis of the panel data, the results demonstrate that ICSP has a significant and positive association with financial performance, as measured by ROE and ROA; and it enhances economic/environmental aspects of ICSP. However, the analysis of the social component reveals an insignificant value, which presupposes the improvement of communications and specific social activities. In terms of the study’s practical implications, this research enriches the conversation on sustainability and finance with findings that could be useful for tactical planning from the perspective of policymakers, regulators, and practitioners in the Islamic finance sector while also showing how the integration of Islamic banking practices and the implementation of sustainability practices can work in harmony for both financial sustainability and the generation of positive social and environmental impact.
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    Examining the regional economic integration : an analysis of cross border trade among ASEAN, China, and India
    (Universitas Islam Internasional Indonesia, 2024) Abbassy, Sadia; Hamidi, M. Luthfi; Fajar B. Hirawan
    Regional economic integration has been studied since the late 20th century, when global markets became freer. ASEAN, China, and India are key players in the current political, economic, and infrastructural scene. These regions have had economic development, but globalization has brought geopolitical difficulties, regulatory hurdles, infrastructural issues, trade patterns, trade policies, environmental issues, and social issues. This extensive study examines the many factors affecting economic integration in various regions. Using quantitative gravity model with Panel Data analysis over time period of 1999 to 2023, and empirical literature studies to analyse trade flows, trade policies, and the role of international trade organization on regional economic integration. Trade statistics, FDI flows, economic indicators, literature reviews, case studies, and data analysis are used to understand the contextual elements affecting regional economic integration and crossborder trade. Engagement with stakeholders improves data accuracy and policy direction. Cross-border trade and important players' roles are examined to assess multi-regional integration and economic growth, as well as the obstacles and design an innovative complete policy for the coming economic size. Whether bilateral or multinational, free trade agreements strengthen long-term cooperation over competition. ASEAN, China, and India have great economic and strategic potential, according to this analysis. ASEAN's middle-class population is expected to quadruple to 630 million, whereas China and India represent 2.87 billion people. The region could become the fourth-largest economy by 2030 due to its strength. Thus, regional economic integration increases trade volume and reduces geopolitical tensions, promoting mutual understanding and advantageous trading patterns. The findings provide crucial insights for governments, companies, and researchers managing regional economic interconnectivity.
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    Female labour force participation amidst the reestablishment of the Islamic emirate of Afghanistan 2021-2023
    (Universitas Islam Internasional Indonesia, 2024) Haidari, Adila; Rima Prama Artha; Hamidi, M. Luthfi
    Afghanistan experienced a significant decline in female labour force participation (FLFP) from 17% in 2021 to 6% in 2022, concurrently with re-establishing the Islamic Emirate of Afghanistan (Taliban) in August 2021. Thus, this study aims to investigate the factors that could have contributed to this rapid decline, explicitly examining whether the re-establishment of the regime played an essential role in this change. The study employed a mixed method approach, combining the quantitative approach using the ordinary least squares (OLS) model that estimates data from 1990-2021 with the qualitative in-depth interviews that capture a varied spectrum of respondents. This study found that political stability has the highest positive impact on female labour force participation, while the women business law index also presents a significant positive impact. However, in contrast, female education, fertility rate, and the dummy variable (representing the regime changes) significantly negatively impact FLFP. Further, qualitative findings corroborate these findings and reveal additional aspects not captured by the model, such as legal barriers, norms, security concerns, and gender discrimination, where legal barriers identified significant challenges to women's decision to join the labour market. Regrettably, these factors have been worsened by political instabilities and regime changes that further decrease women’s participation in the labour force. The results suggest the reforms in policies and regulations, thus pointing to the fact that improvements in the regulatory environment supporting female employment would also positively affect FLFP intensity.
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    Governance on multidimensional poverty : the case D-8 countries
    (Universitas Islam Internasional Indonesia, 2024) Chikara Nurilmi Syam; Ugi Suharto; Hamidi, M. Luthfi
    The research aims to identify the characteristics of Good Governance that could potentially alleviate Multidimensional Poverty, as suggested by the Worldwide Government Indicators (WGI) proxy. It is also intended that this research will serve as a useful tool for D-8 officials and other policymakers in order to develop policies aimed at improving governance in the D-8 Organization for Economic Cooperation member countries. Using the Panel Data Analysis, the research determines the impact of governance on multidimensional poverty in the D-8 countries compared to other countries. Using data over the period of 2009 to 2022 from the World Bank Group for both dependent and independent variables. It was discovered that in the case of D-8 countries, only Political Stability and Absence of Violence, and Control of Corruption have proven to be able to mitigate Multidimensional Poverty while Voice and Accountability have proven to worsen Multidimensional Poverty in D-8 countries.
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    Revamping the role of SMEs’digital financial management through Islamic fin-tech in Borama Somalia
    (Universitas Islam Internasional Indonesia, 2024) Hassan, Samsam Ismail; Hamidi, M. Luthfi; Aimatul Yumna
    Small and Medium-sized Enterprises (SMEs) play a vital role in economic growth, particularly in developing countries like Somalia. However, SMEs often encounter financial obstacles due to limited access to conventional banking services adhering to Islamic principles. This study aims to examinate the potential of Islamic Fin-Tech in bolstering Digital Financial Management among SMEs in Borama. Methodologically, the study utilizes quantitative data analysis methods, specifically multiple regression, to examine survey data gathered through purposive sampling. The data is obtained from a total of 255 small and medium enterprises (SMEs) situated in Borama. Demographic data, including gender, education, occupation, and firm types, are examined alongside the duration of utilizing Islamic fintech solutions. Assumption tests such as normality and multicollinearity tests are conducted to ensure the reliability of the regression model employed. The results indicate a significant adoption of Islamic fintech solutions among SMEs, particularly in recent years. While variables such as Service Accessibility and Digital Banking do not show significant impacts on Digital Financial Management (DFM) due to the internet shortage, SMS Banking and E-Wallet emerge as influential factors that positively affect SMEs' digital financial management performances. Hypotheses testing confirms the significance of SMS Banking and E-Wallet in predicting DFM. The implications of these findings highlight the importance of E-Wallet services and SMS banking in enhancing SMEs' digital financial management. These insights offer valuable implications for financial institutions and policymakers to develop strategies aimed at improving SMEs' digital financial management practices. The study requires for further research to explore additional variables and deepen the understanding of factors that influence SMEs' digital financial management. By understanding the transformative potential of Islamic Fin-Tech, stakeholders can collaborate on designing and implementing measures supporting SMEs, driving economic growth, and aligning with Islamic finance principles. Embracing technological advancements like digital banking and SMS banking can help SMEs overcome financial hurdles and amplify their contributions to economic development.
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    The effect of halal brand awareness on purchase intention in Indonesia : the mediating role of attitude
    (Cogent OA, 2023-02-02) Abdul Aziz Nugraha Pratama; Hamidi, M. Luthfi; Edi Cahyono
    This research investigated the relationships between the awareness of halal-based products and services and people’s intention to purchase. Also, it explored behavioral attitude as a mediating variable in influencing purchase intention. Data was collected through an online survey with 162 validated respondents. The PLS-SEM method was applied to test four hypotheses connecting the relationship between brand, attitude, and intention variables. The research findings showed that all hypotheses were confirmed, including the mediating role of attitude. This means that halal industry players should respond to consumers shifting from conventional to halal lifestyle orientation, while the regulator requires to provide incentives for promoting a greater halal ecosystem. The originality of this research is that this study strengthened previous research on the role of consumers’ attitudes that positively affect the intention to purchase halal products and services. This study revealed that consumers expand their consumption of traditional halal products and services (food, Islamic banking, fashion) to lifestyle (shopping) and well-being (fitness and swimming pool).