CURRENT ADVANCED RESEARCH ON SHARIA FINANCE AND ECONOMIC WORLDWIDE

The Impact of PKH Social Assistance on Poverty Levels in Lampung Province: An Interrupted Time Series Analysis

M. Ikhsan Nur Rozak — 2026-04-24

Poverty remains a persistent development challenge in Indonesia, particularly in regions such as Lampung Province. This study aims to analyze the impact of the Family Hope Program (PKH) on poverty levels in Lampung Province. The study uses a quasi-experimental approach through the Interrupted Time Series (ITS) method with annual time series data for the period 2001–2024. The dependent variable in this study is the poverty level, while the independent variables representing the policy intervention are the intervention dummy and the post-intervention trend. In addition, the study also includes real Gross Regional Domestic Product (GRDP) per capita and inflation as control variables. The model is estimated using the Ordinary Least Squares (OLS) method. The results show that the time trend has a negative and significant effect on the poverty level. PKH implementation has an immediate impact on reducing poverty levels in the period after the intervention. However, changes in poverty trends after policy implementation do not show a significant effect. Real GRDP per capita is proven to have a negative and significant effect on poverty levels, while inflation has no significant effect. These findings indicate that social assistance plays a role in reducing poverty, especially in the short term, while economic growth remains an important factor in sustainable poverty reduction.

The Role of Good Corporate Governance in Moderating the Financial Performance of Sharia Banks: A Case Study at Bank Muamalat Indonesia

Nur Haida — 2026-04-27

Fluctuating financial performance of PT Bank Muamalat Indonesia, Tbk., particularly its profitability, amid varying levels of operating expenses, non-performing financing, and financing distribution constitutes the core issue of this research. This research aims to examine how operating expenses, non-performing financing, and financing distribution affect profitability, as well as to assess the extent to which good corporate governance (GCG) ratings moderate each of these relationships in influencing the financial performance of PT Bank Muamalat Indonesia, Tbk. over the 2007-2023 period. A quantitative approach with an associative design was employed. Data were gathered through document collection techniques from the company’s website, making them secondary in nature. The population consisted of Bank Muamalat’s annual reports, and a purposive sampling method was used to include all available data from 2007 to 2023. Analytical procedures involved interpolation, descriptive statistics, stationarity testing, and classical assumption tests. Subsequently, multiple linear regression was conducted using a Goodness of Fit model, followed by Moderated Regression Analysis (MRA). The findings indicate that BOPO has a significant negative effect on ROA, while gross NPF and FDR each show insignificant negative effects on ROA. Furthermore, the MRA results reveal that GCG does not moderate the partial relationships between BOPO, gross NPF, or FDR and ROA.

The Impact of Rice Production on the Gross Regional Domestic Product (GRDP) of the Agricultural Sector in Indonesia in 2024

M. Ikhsan Nur Rozak — 2026-05-01

The agricultural sector occupies a pivotal position within the Indonesian economy, particularly in underpinning food sovereignty and galvanising regional economic advancement. From an Islamic economic standpoint, productive endeavours constitute an integral manifestation of earth stewardship (isti'mar al-ardh), as divinely ordained in QS. Hud: 61, and must be inexorably oriented toward the collective amelioration of societal welfare. This article aims to identify the bearing of rice cultivation output upon the Gross Regional Domestic Product (GRDP) of the agricultural sector across Indonesia in 2024. Employing a quantitative epistemological paradigm, this study draws upon secondary data procured from the Central Statistics Agency (BPS), encompassing cross-sectional observations spanning 38 provincial jurisdictions throughout Indonesia. The analytical instrumentation deployed is simple linear regression. Empirical findings corroborate that rice production exerts an affirmative and statistically consequential influence upon the agricultural sector's GRDP, evidenced by a probability value of 0.0000 (<0.05). The regression coefficient of 0.365528 denotes that an incremental augmentation in rice production is concomitantly accompanied by a commensurate ascendancy in agricultural GRDP. The coefficient of determination (R-squared) of 0.677635 substantiates that rice production explicates 67.76% of the observed variability in the agricultural sector's GRDP. Accordingly, rice cultivation output assumes an indispensable role in buttressing the operational performance of Indonesia's agricultural sector. This empirical corroboration affirms that the amplification of rice production not only catalyses macroeconomic proliferation but also resonates consonantly with the Islamic economic tenet of attaining comprehensive prosperity (falah) and overarching communal beneficence.

Educated Unemployment in the Digital Age: Between Overqualification and Skills Mismatch in the Modern Job Market

Rieke Oktaviyanti — 2026-05-11

The development of the digital economy creates new job opportunities, but also increases educated unemployment due to the mismatch between graduate competencies and the needs of the workforce. The phenomena of overqualification and skill mismatch are major obstacles to labor absorption. This study aims to analyze the factors causing educated unemployment in the digital era and the relationship between overqualification and skill mismatch. The method used is a descriptive qualitative approach through literature studies from scientific journals, employment reports, and secondary data. The results show that approximately 35% of young workers in Indonesia experience a mismatch between education and work, with 22.36% classified as overeducated. Furthermore, the level of overqualification in certain groups can reach 50%, while skill mismatch is the dominant phenomenon. The main causes include rapid digital transformation, curriculum misalignment with industry needs, and low adaptive skills. Therefore, synergy is needed between universities, industry, and the government to make education more relevant to the job market.

The Socio-Economic Impact of the Dui’ Pappenre’ Tradition (Gift Money) on the Household Economic Resilience of the Bugis Community

Riswan Riswan — 2026-05-11

Dui’ Pappenre’ in Bugis marriage holds a negative stigma among the community, but from an Islamic economic perspective, Dui’ Pappenre’ becomes an instrument that can stimulate a man’s economic and mental circulation. This study aims to analyze the socio-economic impact of the Dui’ Pappenre’ tradition while examining its influence on the economic resilience of Bugis Muslim households. This study applies a qualitative descriptive design through an ethnographic approach and an interpretive paradigm to dissect the reality of the research object naturally. Through an ethnographic approach, this study seeks to explore a comprehensive explanation of the socio-cultural phenomenon of Bugis marriage based on the perspectives and direct experiences of the research subjects. Data were collected through observation techniques and in-depth interviews, which were strengthened by the results of previous studies as secondary data. Furthermore, the data were analyzed using the Miles and Huberman model which includes the stages of data condensation, data presentation, and drawing conclusions. The results show that the high levels of dowry and Dui’ Pappenre’ are sometimes seen as obstacles to marriage. However, substantively, it is a cultural symbolization that reflects the sacredness of marriage for the Bugis community. In Islamic economics, this phenomenon is viewed as an effort to fulfill the common good (maslahah) and distribute economic prosperity collectively. This research projects that if managed with principles of justice and appropriate financial protection, Dui’ Pappenre’ can transform into a pillar of resilience for the economic stability of Muslim households in the future.